The Business Times, 26 June 1992

Microfilm: NL18215
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    16 1 BUSINESS TIMES THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Friday, June 26, 1992 75*
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  • NEWS SUMMARY
    • Article
      EC leaders aim to stick to Maastricht goals at summit
      72 1 LISBON European Community leaders, rattled by Denmark's rejection of the Maastricht treaty, will try to keep plans for closer European integration on course at today's Lisbon summit. They will also discuss the EC budget which was supposed to be increased
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    • Article
      China in US$6b deals with CIS, E Europe
      50 1 HONGKONG China signed US$6.3 billion (5510.2 billion) worth of deals with the Commonwealth of Independent States and some Eastern European countries, the Bei-jing-controlled China News Service reported yesterday. The deals were signed at a trade fair in the border province of Heilongjiang.
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    • Article
      URA land sales
      39 1 SINGAPORE'S Urban Redevelopment Authority yesterday announced the release of three choice residential plots. The sale of the sites in Orchard Boulevard, Orange Grove Road and Gentle Road is to rake in about $90 million. Page 2
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    • Article
      Overseas Singaporeans
      24 1 THE largest groups of Singaporeans working overseas were based in China and the United States, according to the 1990 Census Page 2
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    • Article
      US policy attacked
      22 1 THE Japanese employers' federation, Keidanren, has launched an unprecedentedly strong attack on American trade and economic policy. Page 10
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    • Article
      Uneven distribution
      39 1 THE American government's most detailed look yet at who owns US businesses shows foreign penetration varies from virtually non-existent in such service firms as car repair shops to dominant in cement and man-made fibres manufacturing Page 11
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    • Article
      Global stock-picking
      23 1 STOCK-PICKERS are looking to bourses in Europe and Asia, where the trend is falling interest rates in coming months. Page 16
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    • Article
      Sembawang wins deal
      36 1 SEMBAWANG Shipyard took another step to improve its expertise in the repair of naval ships yesterday by winning a major contract to repair the US navy destroyer USS Ingersoll. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      34 1 WALL STREET chalked up a broad gain early yesterday, encouraged by falling interest rates. The Dow Jones average of 30 industrials climbed 9.36 points to 3,300.06 in the first hour of trading.
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    • Article
      Footsie higher
      22 1 LONDON shares were higher at midday yesterday. At 1100 GMT, the FTSE 100-share index was up 13.5 points at 2,546.1.
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    • Article
      Berjaya to cut stake
      33 1 BERJAYA Industrial Bhd plans to sell its 50.1 per cent stake in Beijaya Kawat Sdn Bhd for Ms 77 million to Southern Iron Steel Holdings Sdn Bhd Page 4
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    • Article
      Eltech launches issue
      23 1 ELTECH Electronics Ltd. aiming for a Sesdaq listing, launched 28 million 25-cent shares yesterday at 70 cents each Page 4
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    • Article
      Dickson drops plan
      41 1 HONGKONG luxury products retailer Dickson Concepts yesterday dropped plans to take over the financially troubled Charles Jourdan group. It would not be in its best interests to proceed with the HKS23S million deal, said the company Page 5
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    • Article
      Simex's trading plan
      30 1 THE Singapore International Monetary Exchange (Simex) will implement by next year an automated trading system that will complement its existing open outcry system of trading Page 7
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    • Article, Illustration
      STOCK INDICES
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    • Article
      CURRENCIES
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    • Article
      COMMODITIES
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  • Article, Illustration
    S'pore firms upbeat in face of conflicting US economic signals
    692 1  -  But concern remains over strength of demand and rising costs By Kenneth James SINGAPORE With the US economy continuing to blow hot and cold, local manufacturers and analysts are unclear about their prospects in this crucial market but on balance
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  • Article
    Non-oil domestic exports up 6.6 pc
    331 1  -  By Schutz Lee SINGAPORE Better showing by non-oil domestic exports was the only bright spot in a lacklustre trade performance in May. Non-oil domestic exports in real terms (at 1985 prices) grew by 6.6 per cent last month to $4.72 billion, thanks largely to
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  • Article
    HSBC's takeover of Midland Bank all sewn up
    385 1  -  From Catherine Ong in HONGKONG HSBC HOLDINGS pic yesterday won control of Midland Bank after a five-year courtship which culminated in the biggest High Street banking takeover in the UK. Although the tabulation of the number of acceptances was still going on
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  • Article
    Incentive schemes for secretaries are illegal, hotels told
    320 1  -  By Hong Lee Tiam SINGAPORE The government's anti-graft unit, the Corrupt Practices Investigation Bureau, has warned hotel operators that incentive schemes to encourage secretaries to book rooms are "tantamount to corruption". In a letter to the Singapore Hotel Association (SHA), the bureau
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  • Article, Illustration
    Lock icon Jakarta bourse in need of investor confidence
    252 1 Reuter JAKARTA Confidence in Indonesia's capital market had sunk so low that urgent steps had to be taken to assure investors that their interests would be protected, Finance Minister Johannes Sumarlin said yesterday. In a surprise admission to an international conference, he drew
    Reuter  -  252 words
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      Page 1 Advertisements Column 1
      221 1 Allen Edmonds Petit Finest 102 38, Centrepoint (Tel: *****68) 101 10. Liang Court (Tel: *****52) SUgtn 102 07, Orchard Emerald (Tel: *****35) and selected retail outlets. Manchester CONTENTS Areraft Schedule 29 Commodites 28 Company News 4,5,6 Cryptic Crossword 29 Edrtorai 12 Financial News 7 Futures Options 27 HK Tokyo Stocks
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      Page 1 Advertisements Column 2
      114 1 IBM fights back MIGHTY IBM is redrawing the battle lines for the PC market. In its most determined effort yet to clobber the clones, it is overhauling its PC division. But the leading clone-makers Compaq and Dell are not deterred. See Page 5 SCRIBE HAND-MADE BV BALLY 1 "4 WMF'
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      Page 1 Advertisements Column 3
      53 1 Me MADE IN westgulmany Sote Agent WONG BROTHERS SHOE Tel: 283-3834 OECD's mid-year Economic Outlook, Pg 3 US likely to ease out of sluggish growth, Pg 3 US economy grew 2.7 pc in first quarter. Back Pg Hock Lock Siew Time for Suntory to dish out more of Cerebos to
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  • PAGE 2 NEWS
    • NEWS ROUNDUP
      • Article
        Local metal works firm expands into Indonesia
        251 2 LI SOON Moulding Metal Works Pte Ltd, a homegrown company with expected sales turnover of $15 million this year, plans to expand into Indonesia. The plans are part of its overall strategy to make higher value goods in Singapore, while shifting more labour
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      • Article
        PM Goh congratulates Ramos
        85 2 PRIME MINISTER Goh Chok Tong has congratulated Fidel Ramos on winning the Philippine presidency. In a June 23 letter, publicly released yesterday, Mr Goh said Mr Ramos had shown "courage and leadership under fire, not once, but many times". Mr Goh told Mr Ramos: "I am
        85 words
      • Article
        AWSJ's circulation raised
        49 2 THE government has reviewed the circulation of The Asian Wall Street Journal in Singapore and will allow it to increase from 2,500 copies daily to 3,500 copies from July 1. The Ministry of Information and the Arts said yesterday the Journal would remain a gazetted publication.
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      • Article
        GE clinches $27m HDB lift deal
        117 2 SINGAPORE The General Electric Company has clinched a $27 million contract from the Housing and Development Board to supply 200 "intelligent" lifts for new estates. The lifts will be equipped with voice-synthesisers that announce the floor number and will be made of vandal-proof materials.
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    • Article
      Lock icon Lee to US: Revive economy, recognise different educational performances of races
      455 2 IHT SINGAPORE America must face up to differences between races in educational performance if it is to revive its economy and sustain international leadership, says Senior Minister Lee Kuan Yew. In an interview with editors and executives of the
      IHT  -  455 words
    • Article, Illustration
      Three prime residential sites up for sale
      350 2  -  URA expected to rake in $90m By Lilian Ang SINGAPORE The Urban Redevelopment Authority yesterday announced the release of three choice residential plots for which it is likely to rake in about $90 million. Despite the fact that the residential property market is
      350 words
    • Article
      Finance Ministry clarifies civil service variable bonus
      317 2 SINGAPORE The public sector variable bonus (VB) is not a bonus over and above the normal pay but an annual wage adjustment in lieu of the National Wages Council (NWC) pay increases, says the Ministry of Finance. The ministry's Public Service Division yesterday
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    • Article
      Lock icon Time to boost quality of life in Japan, says economic council
      379 2 Reuter TOKYO After years of relentlessly pursuing economic power, Japan must now ensure a better quality of life for its people, even at the expense of growth, a blue-rib-bon panel recommended to the government yesterday. The government must cut
      Reuter  -  379 words
    • Article
      China and US have the most working S'poreans
      487 2  -  1990 Census Reports by Anna Teo SINGAPORE The largest groups of Singaporeans working overseas, according to the 1990 Census, were based in China and the United States. Tracking for the first time Singaporeans living abroad, the census found a total of 36,179
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    • Article
      85pc of S'poreans born here, most of the rest born in M'sia
      421 2 SINGAPORE Eighty-five per cent of Singaporeans were born in Singapore, and, among those who weren't, those born in Malaysia have replaced those originating from China, Taiwan and Hongkong as the majority. According to the 1990 Census, the proportion
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    • Article
      Lock icon Dynamic Asian economies to grow 7pc in 1992,1993
      457 3 AFP PARIS The dynamic Asian economies are set to continue growing at a good clip largely unaffected by the sluggishness in the industrial West, the Organisation for Economic Cooperation and Development (OECD) said yesterday. The OECD's mid-year Economic Outlook projected an average
      AFP  -  457 words
    • Article
      Lock icon US likely to ease out of sluggish growth
      205 3 Reuter WASHINGTON The US economy appears ready to expand, following a period of very sluggish growth, although the recovery will still be modest, the Organisation for Economic Cooperation and Development said yesterday. The OECD, in its semiannual economic review, said that unemployment
      Reuter  -  205 words
    • Article
      Lock icon Bonn set to keep tight rein on monetary policy
      244 3 Reuter FRANKFURT The Bundesbank, Germany's central bank, is not likely to relax its tight grip on monetary policy before 1993, the Organisation for Economic Cooperation and Development (OECD) said yesterday. In a forecast likely to irritate Bonn's trading partners, it said:
      Reuter  -  244 words
    • Article
      Lock icon Japan's growth expected to slow down to 1.8pc
      192 3 Reuter TOKYO Japan's economic growth is likely to slow to 1.8 per cent this calendar year from 4.5 per cent in 1991 before recovering next year, the Organisation for Economic Cooperation and Development said yesterday. It said the government might act to
      Reuter  -  192 words
    • Article
      Lock icon Recovery in industrialised nations taking shape
      494 3 OECD's mid-year Economic Outlook report AFP PARIS A recovery of activity in the industrial world is now "taking shape" and output seems set to expand by around 3 per cent a year by 1993, the Organisation for Economic Cooperation and Development (OECD) said. The
      AFP  -  494 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      266 2 Whichever rood you take, we'll give you a good start. FIXED RATE FINANCING Things are now looking better for car buyers. With the introduction of Flexi-Drive Financing, we give you the flexibility of two easy finance schemes. Fixed Rate Financing With a maximum tenure of six years, your monthly repayments
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      Page 2 Advertisements Column 2
      10 2 Japan's growth expected to slow down to I.Bpc, Pg 3
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      217 3 We all know that vaas can't fly. At Federal Express, we ensure that all our vaas are moving firmly on the ground swift and safe. But most importantly, we also have our own fleet of aircraft. Federal Express' exclusive wide-body EXPRESSfreig titer*" service provides overnight service to virtually anywhere in
      217 words
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  • COMPANY NEWS 1
    • Article, Illustration
      Berjaya chief continues asset sales to slash debts
      661 4  -  From Leslie Lopez in KUALA LUMPUR CORPORATE raider Vincent Tan Chee Yioun continued his asset sales yesterday to slash debts of more than Msl.s billion (Ss96B million) saddling his sprawling Beijaya group of companies. In an announcement to the Kuala Lumpur Stock
      661 words
    • Article
      Sapura confident that cash offer for FCW is competitive
      455 4  -  From Leslie Lopez MALAYSIA'S Sapura Holdings Sdn Bhd said its cash offer for Federal Cables Wires Metal Manufacturing Bhd (FCW) was competitive and that it stood a fair chance of wresting control of the cable manufacturer. "Our cash offer is much
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    • Article
      Lock icon Lion Land sees higher profit
      150 4 Bernama KUALA LUMPUR Lion Land Berhad is projecting an additional, pre-tax profit of M 520.5 million (5513.22 million) for the year ending June 30, 1993, a company official said here yesterday. He said this would come from its proposed acquisitions of two companies and four
      Bernama  -  150 words
    • Article
      Pan Pacific Pub posts $1.11m loss
      208 4 SINGAPORE Sesdaqlisted Pan Pacific Publications, which had projected profits for the last three months of its nine-month financial year, has instead turned in losses for the period. A release yesterday showed that it made losses of $1.11 million for the three months ended March
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    • COMPANY BRIEFS
      • Article
        Hotel Props director quits after SES ruling
        71 4 SINGAPORE Hotel Properties Limited announced yesterday that Freddy Lee Thiam Yew had resigned as its director/audit committee member with effect from June 23. Hotel Properties said Mr Lee's decision to resign was due to a recent directive by the Stock Exchange of Singapore
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      • Article
        Orchard Parade sells office units
        78 4 SINGAPORE Orchard Parade Holdings Limited said yesterday that it has sold two office units at International Plaza to Accord Container Line (S) Pte Ltd on Wednesday. The two units, with a total area of 354 sqm, were sold for 557,533.90 per sq m or a
        78 words
      • Article
        Acma sells Goldtron shares
        68 4 SINGAPORE Acma Ltd announced yesterday that it had disposed of 60.6 million Goldtron shares at 68 cents each on Tuesday, and another 12,500 shares at 69 cents per unit on Wednesday. This leaves it with 59.4 million stock units of 20 cents each. Non-executive director Ong
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      • Article
        Wing Tai to float 17.6 m shares
        57 4 SINGAPORE Wing Tai Holdings Ltd announced yesterday that it would place out 17.6 million ordinary shares of 25 cents each at $1.70 per share next Monday at 10 am. This is to raise funds to reduce bank borrowings and to subscribe for the
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    • Article
      Eltech launches 28m shares at 70 cents each
      490 4  -  By Claire Leow SINGAPORE Eltech Electronics Ltd launched 28 million 25-cent shares yesterday at 70 cents each. The company, aiming for a Sesdaq scat, will raise $13.2 million, of which $6 million is to upgrade its four plants in California, Massachusetts, Malaysia
      490 words
    • Article
      Lock icon Tan & Tan to build budget hotels
      278 4 Tan Tan to build budget hotels Joint venture planned with European group Bernama KUALA LUMPUR Property developer Tan Tan Developments Sdn Bhd will wind up negotiations by September with a European group to build budget-class hotels throughout the country, chairman Tan Chin Nam said yesterday. He told a press conference
      Bernama  -  278 words
    • Article
      Time for Suntory to dish out more of Cerebos to the public
      687 4  -  THE HOCK LOCK SIEW COLUMN By Genevieve Cua SINGAPORE Cerebos Pacific has almost everything going its way. It boasts of a rosy set of interim results, and consistently gets strong nods of approval from investment analysts. It could
      687 words
    • Article
      Lock icon HK's Dickson drops Charles Jourdan takeover plan
      336 5 AFP HONGKONG Hongkong luxury products retailer Dickson Concepts said yesterday it had dropped plans to take over the financially troubled Charles Jourdan group. The decision to pull out of the HKS23S million (5549.23 million) deal came a week before a deadline for Dickson
      AFP  -  336 words
    • Article
      Lock icon IBM to launch new low-cost PC line to compete with clones
      454 5 Part of broad revamp of personal computer division amid price war AP NEW YORK International Business Machines Corp (IBM) will announce a broad revamping of its personal computer division this autumn, its most serious effort yet to battle the
      AP  -  454 words
    • Article, Illustration
      Compaq and Dell prepare for another round of price cutting
      412 5 NEW YORK Two US companies renowned for cloning International Business Machines Corp personal computers (PC) are getting ready for what could be yet another round of price wars in the PC market. Compaq Computer Corp, which last week introduced its
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    • Article
      Lock icon Japanese retail tycoon becomes Recruit chief
      297 5 AFP Reuter TOKYO Isao Nakauchi, president and chairman of Japan's biggest supermarket chain Daiei, yesterday became the chairman of information giant Recruit Co Ltd after buying 33.91 per cent of its capital. He told reporters after a Recruit shareholders meeting which named him chairman,
      AFP; Reuter  -  297 words
    • Article
      Lock icon Japanese bid-riggers told to swear not to repeat offence
      373 5 Reuter TOKYO Japan's Fair Trade Commission (FTC) has demanded that all the staff of 66 construction companies it accused of bid-rig-ging swear not to repeat the offence, officials of the companies said on Wednesday. Officials at Taisei, Kumagai Gumi and Kajima,
      Reuter  -  373 words
    • Article
      Lock icon Thai stock exchange to have new head on July 1
      329 5 AFP BANGKOK The board of the Stock Exchange of Thailand has appointed a new president, an official at the SET said yesterday. Seree Chintanaseree, who will replace Maruey Phadoongsidhi on July 1, was the unanimous choice of the SET board
      AFP  -  329 words
    • COMPANY BRIEFS
      • Article
        HK's Miramar denies acquisition rumours
        87 5 HONGKONG Miramar Hotel Investment Co Ltd yesterday denied rumours that the company is involved in talks about a major property or share deal. "We confirm that there are no negotiations or agreements relating to intended acquisitions or realisations," it said in response to a stock
        87 words
      • Article
        World's smallest cordless phone
        63 5 SEOUL South Korea's Samsung Electronics Co yesterday unveiled what it claims is the world's smallest and lightest cordless telephone. The new model is small and light enough to fit in a shirt pocket. It is 13.5 cm long, 5.5 cm wide and 2.7 cm thick and
        63 words
      • Article
        Mitsubishi to broker chip sales
        76 5 TOKYO Mitsubishi Corp has agreed to find Japanese users for semiconductors made by Integrated Microelectronics Inc (IMI) and Automated Microelectronics Inc (AME) of the Philippines, and Taiwan Semiconductor Manufacturing Co Ltd (TSMC), a Mitsubishi spokesman said on Wednesday. TSMC is owned 45 per cent by
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      • Article
        NZ's PDL back in the black
        62 5 WELLINGTON Electrical goods maker PDL Holdings Ltd returned to the black for the year ended March 31, 1992 with a net profit of NZ$6.3 million (555.6 million). The company made a loss of NZ5758,000 the preceding year. Pre-tax profit rose dramatically to NZ$lO.2 million
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    • Article
      Lock icon Taiwan firm to set up paper recycling plant in Perak
      362 5 Bernama IPOH Taipei-listed Taiwan Pulp and Paper Corp is to set up a Ms2oo million (S$ 129 million) newsprint recycling plant in Tronoh, Perak this year. The Taiwanese firm is expected to sign a sale and purchase agreement with the
      Bernama  -  362 words
    • COMPANY BRIEFS
      • Article
        Wellcome Trust to sell stake in Wellcome pic
        94 6 LONDON Medical charity Wellcome Trust is to sell a 38.4 per cent stake in UK drugs firm Wellcome pic raising around £3 billion (559.07 billion). The trust said on Wednesday the size of the offer for 330 million Wellcome shares was provisional
        94 words
      • Article
        MGN shares tracked down
        72 6 LONDON A lawyer in Liechtenstein told the BBC yesterday that shares in Mirror Group Newspapers pic (MGN) worth £7.5 million (5522.68 million) had been found in six trust companies set up there by the late media tycoon, Robert Maxwell. Dr Kamil Braxator told a British Broadcasting
        72 words
      • Article
        BP America planning lay-offs
        64 6 CLEVELAND. Ohio BP America is planning a series of cost-cutting actions aimed at significantly reducing costs of operating businesses in the US, including 600 to 700 staff reductions nationally. The company said on Wednesday that 500 to 600 of the job cuts would come in the
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      • Article
        Apple-IBM venture chief named
        55 6 SAN FRANCISCO Apple Computer Inc and IBM confirmed on Tuesday that they have appointed A Nathaniel Goldhaber, a venture capitalist and computer entrepreneur, as president and chief executive of their joint venture, Kaleida. The venture will develop multimedia computer systems, which can combine audio, video and
        55 words
    • Article, Illustration
      Lock icon Shell may build US$3b refinery in Guangdong
      360 6 Proposed tie-up to have 5m tonnes annual capacity Reuter HONGKONG The Royal Dutch/Shell Group is considering building an oil refinery costing at least US$3 billion (554.86 billion) in China's booming southern province of Guangdong, a company official said on Wednesday. "It will be
      Reuter  -  360 words
    • Article
      Lock icon Shake-up ahead for Japan's petrochemical industry
      511 6 MARKET Reuter TOKYO Japan's petrochcmical industry, battered by recession and intensifying competition from South Korea, is due for a major shake-up, analysts said yesterday. They said mergers and acquisitions were likely to drastically cut the number of firms in the industry from 30 currently,
      Reuter  -  511 words
    • Article
      Lock icon O&Y proposes sale of Canadian assets
      255 6 AP TORONTO Olympia and York Developments Limited (O&Y) has proposed selling several Canadian assets, including corporate aircraft, undeveloped property and bonds, to help repay creditors in its bankruptcy reorganisation. In a plan presented in the Ontario Superior Court on Wednesday, O&Y attorney David Brown
      AP  -  255 words
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      240 4 IN THE MARKET PAGES Nikkei leaps above 16,000 24 HK soars in hectic trade 24 Singapore stirs 18 Moments of magic... rtork in it. Contention at LangkauJi Holiday (/it(a! A day of serious business drifts by in o relaxing atmosphere. First class hotel service smooths away the tension in the
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      687 6 r O Bangkok Bank Limited (INCORPORATED IN THAILAND) Balance Sheet As at December 31, 1991 ASSETS 1991 1990 BAHT CASH AND DEPOSITS AT BANKS Cash and deposits at banks in Thailand Deposits at banks outside Thailand Total cash and deposits at banks DUE FROM BANKS interest bearing SECURITIES PURCHASED UNDER
      687 words
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      Page 6 Advertisements Column 2
      387 6 Oi O C=3 O 5H trr O COMMERCIAL BANK KOREA LTD (INCORPORATED IN THE REPUBLIC OF KOREA) (US$l W*****) BALANCE SHEET (BANKING ACCOUNTS) December 31.1991 and 1990 ASSETS Cash Due From Bros Cal Loans Securities Loans and Ms Discounted Foreign Exchange Customers baMties tar Acceptances and Guarantees Bar* Premises and
      387 words
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  • FINANCIAL NEWS
    • Article
      Simex to start automated trading system by '93
      383 7  -  New system will help to promote around-the-clock trading By Quak Hiang Whai SINGAPORE The Singapore International Monetary Exchange will implement an automated trading system by next year, confirming an earlier BT report that it was working on such a system. Simex said
      383 words
    • Article
      Lock icon Beijing to let in foreign insurers
      314 7 Shanghai the focus of financial-sector reforms AFP BEIJING The central bank is set to issue rules permitting foreign insurance companies into China for the first time, but business will be restricted, the China Daily reported yesterday. The People's Bank of China has also approved
      AFP  -  314 words
    • Article
      Lock icon NYSE fines Shearson, suspends traders for alleged manipulation
      347 7 AP NEW YORK The New York Stock Exchange (NYSE) has fined Shearson Lehman Brothers Inc US$5OO,OOO (S$810,000), suspended two former traders and fined one of them US$lOO,OOO for an alleged stock price manipulation. The NYSE alleged that Shearson's former co-head of equities,
      AP  -  347 words
    • Article, Illustration
      Lock icon Smith to resign as BankAmerica's president and CEO
      350 7 Reuter SAN FRANCISCO BankAmerica Corp said on Wednesday that Robert Smith will resign as president and chief operating officer, effective on Oct 1. Mr Smith had been chairman and chief executive of Security Pacific Corp, which merged with Bank America in late
      Reuter  -  350 words
    • Article, Illustration
      Chase bullish about prospects in Singapore
      344 7  -  By S N Vasuki SINGAPORE Chase Manhattan Bank, which continued to perform well here, sees Singapore as a solid base for its activities in South-east Asia, according to Thomas Labrecque, the bank's chairman and chief executive officer. "In Singapore, Chase is involved in five
      344 words
    • Article
      Lock icon Bad loans likely to hurt Aussie banks further
      254 7 Reuter SYDNEY Reserve Bank governor Bernie Fraser said non-performing loans would burden Australian banks for a considerable time to come. Mr Fraser said in a speech non-performing loans had levelled out at As3o billion (5536.5 billion) a year at the end of
      Reuter  -  254 words
    • SMALL CHANGE
      • Article
        Trustee Savings Bank Group back in the black
        80 7 LONDON The Trustee Savings Bank Group announced a return to profits yesterday with a pre-tax half-yearly profit of £92 million after a loss of £150 million the same period last year. During the six months to April, provisions for bad debts fell
        80 words
      • Article
        US bill to ease bank regulation
        64 7 WASHINGTON The Bush administration on Wednesday proposed a bill to ease the regulatory burden on banks, amid concerns that the industry remains in shaky financial condition. The bill would require uniform rules for all bank regulators, roll back auditors' responsibilities to sign off on
        64 words
      • Article
        Capital market rates may fall
        54 7 ZURICH Swiss National Bank vice-president Hans Meyer said capital market interest rates should fall in the second half of this year, in response to falling inflation. "The continued steady fall in inflation to be expected should be answered with an easing in interest rates," he
        54 words
      • Article
        Chemical Bank's priority
        59 7 KUALA LUMPUR The newly-merged Chemical Banking Corporation will give high priority to corporate finance and corporate advisory services in the Asia-Pacific region including Malaysia. Its president and chief operating officer, Walter V Shipley, said the new group with its enhanced strength and higher capital was now well-placed
        59 words
      • Article
        China to issue 40b yuan in bonds
        70 7 BEIJING China will issue more than 40 billion yuan of domestic bonds in July, the New China News Agency said, as the country tries to soak up the huge overhang of private savings. The biggest issue will be three-year treasury bonds worth 21
        70 words
      • Article
        NAB creates new leasing division
        55 7 MELBOURNE National Australia Bank Ltd said it is to form a new division to manage leasing and specialised services for the group. Managing director Don Argus said the new division would begin operations on Oct 1 and would absorb the core business of its finance
        55 words
    • Article
      Lock icon Stanchart lodges complaint in connection with Indian scam
      326 7 AFP Reuter NEW DELHI The Standard Chartered Bank has formally lodged an official complaint alleging criminal conspiracy to misappropriate its funds. In a statement on Wednesday, the bank said the complaint was lodged with the Central Bureau of Investigation (CBI), probing a
      AFP; Reuter  -  326 words
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      Page 7 Advertisements Column 1
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  • THE REGION
    • NOTE BOOK
      • Article
        US investments in M'sia double over last 4 years
        107 8 KUALA LUMPUR American investments in Malaysia nearlv doubled to US$7 billion (SS 11.3 billion) in the last four years and US investors are expected to pump in another US$4.2 billion by 1994, an embassy survey report said yesterday. It said that
        107 words
      • Article
        EC gets Australian warning
        100 8 CANBERRA Australia will fight to stop the European Community from dumping cheap beef and subsidised wheat in Asia, Trade Minister John Kerin said yesterday. "The beef markets in the Pacific are about the only agricultural commodity markets not wrecked by EC subsidies," he said before leaving
        100 words
      • Article
        France to maintain Indon aid
        88 8 JAKARTA France will hold its aid to Indonesia at least equal to 1991-92's US$ll2 million (S$ 181 million), French Deputy Foreign Minister Georges Kiejman said yesterday, in spite of last year's East Timor massacre. "The aid given by France last financial year will be maintained
        88 words
      • Article
        Asia Watch slams Jakarta
        68 8 UNITED NATIONS The human rights group Asia Watch has accused the Indonesian government of a cover-up in the investigation into the shooting of unarmed anti-Indonesian protesters in East Timor last November. On Wednesday, it called on the international community to pressure the Indonesian government for a
        68 words
      • Article
        Hanoi to curb antique smuggling
        94 8 HANOI Vietnam is tightening controls on the sale and export of antiques to combat a rise in smuggling and theft of ancient objects, the Vietnam News Agency (VNA) said yesterday. Customs agents discovered 1,506 cases of smuggling involving antiques worth some U*****,000 (*****,000) in the
        94 words
      • Article
        Hit back, says KL timber board
        80 8 KUALA LUMPUR Malaysia should carry out campaigns on forestry issues to counter the campaigns by the nongovernmental organisations on the matter, the Malaysian Timber Industry Board said yesterday. In the latest issue of its monthly bulletin, the board said: "Malaysia has a lot of
        80 words
    • Article
      Asean urged to harmonise rules for Afta's success
      371 8  -  Indon official points to incentives and trade rules From Maggie Ford in JAKARTA EXTERNAL trading rules, deregulation measures and investment incentives should be harmonised between Asean nations if the Asian Free Trade Area (Afta) is to be successful, according to Sanyoto Sastrowardoyo,
      371 words
    • Article
      Lock icon Australia replaces Japan as top foreign investor in M'sia
      346 8 NST KUALA LUMPUR Australia has emerged as Malaysia's largest foreign investor in the first four months of this year in a dramatic shift of foreign investment patterns, government figures show. Latest Malaysian Industrial Development Authority (Mida) statistics indicate that Australia leapt
      NST  -  346 words
    • Article, Illustration
      Lock icon Thai businessmen now more involved in politics
      435 8 Reuter BANGKOK Thai business, known for its fondness for the status quo and secure, discreet links to the establishment, has been inspired by an army crackdown on demonstrators in May to get involved in politics and demand that its voice be heard. "We
      Reuter  -  435 words
    • Article
      Lock icon Viet Reds must be flexible to hang on to power: book
      436 8 Reuter LONDON Vietnam's communist leaders risk losing their monopoly on power over the next decade unless they display a new political flexibility, says a book just published by a London think tank. Michael Williams, a British expert on Vietnam,
      Reuter  -  436 words
    • Article
      Lock icon A third of Taiwanese businessmen in M'sia harassed: survey
      180 8 AFP TAIPEI Up to one-third of Taiwan businessmen in Malaysia have been harassed through various channels, the semi-official Central News Agency (CNA) said yesterday. Quoting a survey conducted by the Association of Taiwan Investors in the Southeast Asian country, CNA said
      AFP  -  180 words
    • Article
      Lock icon China rejects Viet complaint over Spratlys oil deal
      230 8 Reuter BEIJING China yesterday rejected complaints from Vietnam over its agreement with a US company to explore the disputed Spratly Islands for oil and gas, saying the deal was beyond reproach. A Foreign Ministry spokesman reiterated Beijing's claim to sovereignty over the
      Reuter  -  230 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      521 8 BARCLAYS BARCLAYS PLC ITS SUBSIDIARIES Head Office: 54 Lombard Street EC3P 3AH. Singapore Office: 50 Raffles Place #23-01, Shell Tower, Singapore 0104, Maxwell Road P.O. Box 887, Singapore 9017. Tel: 224-8555. Balance Sheets at 31st December 1991 Barclays PLC Barclays Bank PLC 1991 £m 19,247 1,216 2,262 10,568 39 2,553
      521 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      310 9 your CREDIT WORTHINESS IS HIGH THE INTEREST YOU PAY ON A PERSONAL CREDIT LINE SHOULDN'T BE. Most personal credit lines charge extremely high interest rates. You simply end up paying more than you should. At Keppel Bank, we believe that financially responsible individuals of excellent credit standing should be accorded
      310 words
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        Guangdong to allow trading networks abroad
        65 10 HONGKONG In a move unprecedented in China, southern Guangdong province is to conditionally allow private entrepreneurs to set up overseas trading networks, it was reported yesterday. The semi-official Hongkong China News Service, quoting city government sources in the provincial capital Guangzhou, said a coordinating
        65 words
      • Article
        Province aims for 12.9 pc growth
        114 10 BEIJING South China's Guangdong plans 12.9 per cent gross domestic product (GDP) growth annually for the next 20 years so the booming province can catch up with the four "dragon" economies of Asia by the year 2010, its governor says. The planned growth rate
        114 words
      • Article
        EC deal on length of workweek
        92 10 LUXEMBOURG European Community (EC) employment and social affairs ministers struck a deal on limiting the working week in the EC to an average of 48 hours, diplomats said on Wednesday. "It's virtually done," said one, adding that some technical problems remained to be resolved
        92 words
      • Article
        India opens up more industries
        90 10 NEW DELHI India has expanded the number of industries that will get automatic approval for up to 51 per cent foreign equity investment to include steel, automotive components, and telecommunication equipment. The Ministry of Industry yesterday also put steam and gas turbines, electromechanical tools, and
        90 words
    • Article
      Lock icon Taiwan relaxes foreign investment procedures
      186 10 AFP TAIPEI Taiwan's Economic Ministry yesterday relaxed its rein on foreign investment application procedure in a bid to boost dwindling funds from abroad, an Investment Commission official said. Under the liberalisation move, the commission will process foreign investment applications of less than NT$lOO million (556.5
      AFP  -  186 words
    • Article
      Lock icon Gloom greets projected slowdown in S Korean economy
      293 10 Reuter SEOUL South Korea's central bank on Wednesday forecast that economic growth would slow to a touch over 7 per cent this year, a figure that anywhere else in the industrialised world would be cause for celebration. But in South Korean business
      Reuter  -  293 words
    • Article
      Lock icon US, Mexico, Canada edge closer to free trade pact
      436 10 Reuter WASHINGTON Meeting almost non-stop. Canadian. Mexican and US officials are edging closer to a free trade deal they hope will be ready for a "handshake" agreement next month. But trade officials say there are still some obstacles to the North
      Reuter  -  436 words
    • Article
      Lock icon Japanese bosses blast US trade and economic policy
      296 10 FT TOKYO The Japanese employers' federation, Keidanren, has launched an unprecedentedly strong attack on American trade and economic policy. In a report on bilateral relations, the Keidanren accuses the United States of dragging its feet over economic reform and warns of the
      FT  -  296 words
    • Article, Illustration
      Lock icon Chinese rush to learn about stocks
      529 10 Stock market classes full, books on share trading in huge demand AP BEIJING Taxi drivers, entrepreneurs and the unemployed are flocking to China's first stock market school, where after 10 weeks of instruction they still consider shares to be like winning lottery tickets. Share
      AP  -  529 words
    • Article
      Lock icon Foreign presence in corporate America unevenly distributed
      440 11 1.1 pc of firms have at least 1 Opc foreign stake: report AP WASHINGTON The American government's most detailed look yet at who owns US businesses shows foreign penetration varies from virtually non-existent in such service firms as car repair shops to dominant
      AP  -  440 words
    • Article
      Lock icon South African talks impasse could fuel capital, skills flight
      351 11 Reuter JOHANNESBURG South African business leaders said on Wednesday that the breakdown in democracy talks could cause a flight of capital, skills and investment, hurting economies throughout the region. The South African Chamber of Business (Sacob), mouthpiece for 40.000 commercial and
      Reuter  -  351 words
    • Article
      Lock icon US Supreme Court rules against tobacco firms on liability
      389 11 Reuter WASHINGTON The US Supreme Court has ruled that smokers may sue for damages under state injury laws, a decision that could have a major financial impact on the tobacco industry. By a resounding 7-2 vote on Wednesday, the court, in
      Reuter  -  389 words
    • Article, Illustration
      Lock icon Perot accuses Bush of mounting propaganda assault
      477 11 Reuter ANNAPOLIS. Maryland Ross Perot and President George Bush exehanged angry and bitter insults on Wednesday in an esealating feud that the billionaire said was designed by the White House to derail his expected independent bid for the US presidency. Mr Perot, who
      Reuter; File picture  -  477 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      233 10 Morgan Grenfell Co. Limited (Incorporated in the United Kingdom) BALANCE SHEET AS AT 31ST DECEMBER 1991 SHARE CAPITAL RESERVES SHAREHOLDERS' FUNDS Undated subordinated loan from immediate parent undertaking Subordinated loans from immediate parent undertaking CAPITAL RESOURCES Current and deposit accounts Amounts due to group undertakings Interest payable, sundry creditors and
      233 words
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      Page 10 Advertisements Column 2
      192 10 Newsweek THE INTERNATIONAL NEWS MAGAZINE JUNE 29, 1992 ISSUE SOFTWARE PIRACY A Billion-Dollar Crime Wave r Jm I I rj "if HI HIGHLIGHTS ASIA Fighting A Killer: Aids In Thailand EUROPE Yeltsin: "No More Lies ever" WORLD AFFAIRS A Truce In The "Green War"? HEALTH Poison At Home And At
      192 words
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      Page 11 Advertisements Column 1
      386 11 Editorial, Pg 12 Suspicious minds, Pg 13 Tokyo metals markets ignore ANC boycott news, Pg 28 I Unique Opportunities For Exclusive Developments k-r eize these opportunities to develop on the three residential sites in the much soughtafter districts of 9, 10 and 11, to be offered for sale by public
      386 words
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  • Article
    Turning point in S Africa
    495 12 EDITORIAL SOUTH Africa's tortuous road to democracy has reached a watershed. With increasing political violence, as highlighted by the mindless massacre last Wednesday in Boipatong, the African National Congress has taken the step it had to take to restore its legitimacy and hold over the
    495 words
  • WHAT THE OTHERS SAY
    • Article
      No welfare in welfarism
      286 12 PRIME Minister Goh Chok Tong re-entered a debate which is unlikely to be ever conclusive when he reiterated recently that a thrust of the Government's programme would be its opposition to welfarism. The individual must be responsible for his own well-being; the Government would reciprocate by
      286 words
    • Article
      A good move
      132 12 THE government's proposed massive $3.8 million plan to build a 15-km road tunnel circling the city is good news for many Singaporeans, especially motorists. The underground network would take care of traffic demands in the city area to the year 2030. The money spent on building and
      132 words
    • Article
      Trend already established
      111 12 AMONG the "Eight Elders", Li Xiannian has always been regarded as a Conservative. Unconfirmed reports in the past had said he had a decisive influence in the downfall of former party chiefs Hu Yaobang and Zhao Ziyang. Hence, some foreign analysts believe Li's death will be conducive
      111 words
  • REGIONAL VIEWPOINTS
    • Article
      Jury system still better
      211 12 THE acquittal of all seven defendants in the Stock Exchange corruption trial is bound to evoke strong emotions, whatever one thinks of the veracity of the decision. Four-and-a-half years is a long time in the pursuit of justice, and it is inevitable that questions will be
      211 words
    • Article
      Trust and faith
      180 12 WITHOUT faith in the future, the whites and blaeks of South Africa will he trapped in the past. As it is. faith in each other's sincerity and goodwill is fast waning. The bloody "Boipatong Massacre" proves how fragile the white-black partnership is in forging the new, democratic
      180 words
    • Article
      A complex process
      152 12 MORE often than not. environmental damage, of which deforestation is but one aspect, goes hand in hand with a decline in other aspects of life. As researchers have noted, the degradation ol the environment often comes as a result of an erosion of old local traditions and
      152 words
  • Article, Illustration
    Lock icon Giving peace a chance
    691 12  -  Shai Feldman examines the factors leading to the Labour Party's victory in the Israeli elections. Shai Feldman The writer is a senior research associate at Tel Aviv University's Ja ffee Centre for Strategic Studies. IHT THE Israeli elections registered a dramatic shift in favour of the
    IHT  -  691 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      227 12 'f v *A v.. r <>. 1 *'tr C 44 A Vv i, V v 7, -v, I 101 ■"Ru.mlWj-OM vjid' rrandc niw.<l «mi t l l T C-.:' in;-<pp:ciu UX*V |J» W .MirJ- UriKt bfcvt r ,T! now »Psui •-n motclt i j««<> "*"fr W jS.cu <vn '/j Jc
      227 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      45 12 DOONESBURY MR BUTTS,UOULP YOU CARE X? COMMENT ON WE RECENT&PORT THAT PA9SIVE SMOKING CLAIMS 50,000UVES A YEAR* c K /Q VOUU>I*CONGRESSWOMAN PAVENPORT, AT THERJSK OF SOUNPIHG HEARJLESS HEPS-.. c \i BY GARRY TRUDEAU BY B&HS PASSIVE' THEY SHOULD SO SPEAK UP/ NOTED rx. L n
      45 words
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  • ANALYSIS
    • Article
      Lock icon Drifting rudderless in the recession
      837 13  -  Four years of economic wallow under President Bush have undermined the American public's confidence that all bad things must come to an end. And this collective gloom could prove self-fulfilling, says Peter Passell. Peter Passell NYT THE numbers say the reeession is over. But with
      NYT  -  837 words
    • Article, Illustration
      Suspicious minds
      1385 13  -  Salil Tripathi goes to the root of the conflict between the African National Congress and the Inkatha. Salil Tripathi THE black township of Alexandra is a sprawling slum which expands with careless disregard towards fences to its east, west and north, devouring much fallow land in the process.
      1,385 words
    • Article
      Lock icon Putting the lid on trouble-makers
      941 13  -  Hiroshi Ogino looks at the reasons for the concentration of Japanese shareholders' meetings on a single day. Hiroshi Ogino Asahi News Service ALMOST all the major Japanese companies will hold their shareholders' meetings today. According to the Tokyo Stock Exchange (TSE), 94.2 per cent of
      Asahi News Service  -  941 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      900 14 Nothing Beats A Bud. OF BUD LIGHT WHERE TO WINE, DINE Phuket Treasures of the Sea Uncover the culinery mysteries of Phuket right here at Cafe Plaza. With exotic offerings like Marinated Cuttlefish Salad, Braised Fish Bladder Soup, Crayfish in Sambal Chilli, Baked Sea Crab with Vermicelli, Fried Prawn in
      900 words
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      Page 14 Advertisements Column 2
      311 14 Local Tea Time delights at Chatterbox every Friday, Saturday and Sunday 3 pm to 5.30 pm. $14.50+ per person $8.50+ per child (below 10 yr#l mk Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge Daily. 3 pm to 6 pm. $16.00 per person $10.00+ per child (below 10 yrs) 1)1
      311 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      580 14 TELEVISION AND RADIO 7.25 8.00 9.00 10.30 11.30 2.00 4.15 PM Opening followed by The Nightly Business Report. National Geographic Explorer (See Our Choice). Cultural Moments. Tennis: Wimbledon 1992 (Highlights). Netball: World Championship 1991. AM Soccer: European Championship 1992 Germanv v Denmark (Final. L. See Our Choice). 'Close. real-life 3.00
      580 words
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  • LIFESTYLE
    • Article, Illustration
      Frolicking fairies
      717 15  -  Singapore Festival of Arts 1992 The Lindsay Kemp Company revived childhood images of fairies and goblins with a dash of the avant-garde. Jaime Ee reviews the performance Jaime Ee is sa l^at I mortals are fools, but I who better than fools to believe and appreciate the sight
      717 words
    • Article, Illustration
      The language of dance
      476 15  -  The Festival is not over yet. Cheryl Liew previews two upcoming concerts of the main arts event of the year Cheryl Liew MALLIKA Sarabhai is the daughter of acclaimed dancer Mrinalini and renowned scientist Vikram Sarabhai, which might account for a resume chock-full of impressive and
      476 words
    • Article, Illustration
      Command performers
      346 15 BALLET dancers always seem to carry themselves with an exceptional grace, and the members of the London City Ballet are no exception. They glided into the press conference looking perfectly composed and enviably supple, the women dressed fittingly in soft, flowing outfits with little or no make-up on.
      346 words
    • Article, Illustration
      Fergie's Budgie, The Little Helicopter to go on the air
      598 15 CHATTERBOX THE Duchess of York, the former Sarah Ferguson, has signed an agreement to have her Budgie, The Little Helicopter stories made into a cartoon television series. The agreement gave Sleepy Kids pic, an independent cartoon producer, the exclusive option
      598 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      253 15 AND ENTERTAIN y* 4; %»V Classic Tea-Time Fashions BSj In the month of June, a fashion extravaganza awaits you at the Fountain Lounge: June 6 Le Femme Fatale June 13 Feline Collection June 20 Le Femme Fatale June 27 Kryss Enjoy a leisurely Saturday afternoon tucking into delicate French pastries,
      253 words
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      Page 15 Advertisements Column 2
      115 15 June I July Promoli on Experience the freshest from the sea at CHINA CHINA RESTAURANT Special set menus available for lunch and dinner from $68 (2 persons) to $338 (10 persons) For reservations, please call 3224 228/9 Our mtauranl outkts torlcome the public to m/oyfme imnmj MARINA BAY GOLF A
      115 words
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  • FOCUS
    • Article
      Taking stock of the world's best
      1475 16  -  Despite the gains American share markets have made recently, some analysts are looking to bourses in Europe and Asia. William Glasgall finds out what they consider to be the hot stocks William Glasgall Hermann Schwcizcr, a soft-spoken money manager who tends to the needs
      1,475 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      227 16 Improve your payroll system EASY PAY 3 One of the leading payroll also easily systems in Singapore, EASY Pay 3 is customised to developed to provide all standard reports details call according to statutory and management requirements. Its outstanding features include providing payroll summary, calculating etc Thus easing administrative THE
      227 words
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      Page 16 Advertisements Column 2
      42 16 Off dure finder hts finance available for domestic and commercial projects of good Mwwmnm 7 miftion US dollars. Write to PO Boot 22-3788 to Pabhcitas CH-***** jnsame. Get the PICK of the CROP ADVERTISE YOUR JOB OPENINGS in the APPOINTMENTS' columns c
      42 words
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  • SPORTS
    • Article, Illustration
      Lock icon Aces go places
      676 17 Wimbledon AP WIMBLEDON The aces were Hying faster than in a crooked card game. Goran Ivanisevic pounded 34 aces, the most in a Wimbledon match in 16 years, while defeating Mark Woodforde on centre court. Pete Sampras rattled the ace-counter's abacus with 28 serves that Todd Woodbridge
      AP  -  676 words
    • Article, Illustration
      Lock icon Germans floored by sumo wrestlers
      471 17 Reuter DUESSELDORF, Germany Duesseldorfs SAS Hotel brought in extra supplies when a team of Japan's sumo wrestlers flew into town. The 60 athletes needed 300 eggs, 40 kg of salmon, 30 kg of beef, 30 kg of vegetables and 20 kg of rice. And that
      Reuter  -  471 words
    • Article
      Lock icon Watts beats Reynolds in 400 m semi-finals
      472 17 AP NEW ORLEANS Quincy Watts ran the fastest time in the world this year and the first sub-44 quarter mile (400-metre) since the 1988 Olympics to beat Butch Reynolds by 4.5 metres in a semi-final heat of the 400metre sprint in the Olympic
      AP  -  472 words
    • SIDE LINES
      • Article
        Russia wins men's chess title
        92 17 MANILA Vladmimir Kramnik beat John Nunn on Wednesday, helping Russia to a draw with England and giving it the men's title in the 30th Chess Olympiad. Alexander Khalifman drew with England's Nigel Short and Sergei Dolmatov drew with Jonathan Speelmann. After Kramnik's victory, Michael Adams
        92 words
      • Article
        S Africa may not be at Olympics
        135 17 BARCELONA The organising committee for the Barcelona Olympic Games "fears that South Africa will not be taking part," a top official said yesterday. Josep Miquel Abad, in an interview published by the Catalonia newspaper La Y'angiiardia, quoted the head of the International Olympic
        135 words
      • Article
        The Elite Eleven
        110 17 GOTEBORG, Sweden Soccer legends Franz Beckenbaucr, Johan Cruyflf and Bobby Charlton were among 11 players selected by European sportswriters for the Eurocard-Master-Card All-Time European Championship Team on Wednesday. The "Elite Eleven", one player from each position on the field, were chosen by more than 130 soccer media
        110 words
      • Article
        Privalova in top form
        58 17 MOSCOW Irina Privalova, who equalled the European 100 m record here two days ago, continued her flying form on Wednesday, setting this year's world best 200 m time. Privalova wt>n the race in 22. Msec, ahead of Marina Trandenkova and Oxana Stephcheva on the final day
        58 words
    • Article
      Lock icon Shake-up in Formula One racing
      387 17 Reuter PARIS The International Motor Sports Federation (Fisa) on Wednesday issued a wide-ranging blueprint for a "more attractive" and less technological future for Grand Prix motor racing. In a statement issued after two days of meetings held by its world motor sport council, Fisa revealed
      Reuter  -  387 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      36 17 AIR CONDITIONING CNef Engineer Q f FOR RELIABLE SERVICE, PRODUCT AND SYSTEM, YOU CAN DEPEND ON TEAM TRANE. w Equipment Systems. Engineer I m r. THE BEST VALUE CALL: 468 8622 FOR ENQUIRIES. FAX: 468 1828
      36 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Blue-chip buying helps index cross 1,500
      2950 18  -  By Sylvia Wong BARGAIN-HUNTING brought some life to the Singapore stock market yesterday after nearly a week of moribund trading. The Straits Times Industrials Index erossed the 1,500 psychological barrier effortlessly, rising 12.64 points to close at 1501.35. It was its largest gain this
      2,950 words
    • Article, Illustration
      Lock icon HOT STOCK
      71 18  -  Quak Hiang Whai Comment MAGNUM CORP broke out of the first congested area of $2.60$2.80 in January and rallied to the next congested area of $3.80-$4. It tested the $4 level thrice before breaking through on the fourth attempt. $4 is now its support level. The stock may
      SOURCE: BRIDGE INFO  -  71 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    1724 19 MAIN BOARD LOANS WARRANTS 1992 Tel Company CUIT Last +orVol Day Last Quote Rate Gr's Vld High Low Code Traded Sale ("000) High I/iw Buyer Seller (%> (%> 61 25 386 89 27% 70 95% 54 100 15% 57 51 97 160 89 217 283
    1,724 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      157 19 Shine YOUR KEY TO BEX I TO BUSI NESS DECISIONS! SPH SHINE COMPANY RESEARCH Shine is Singapore Press Holdings' inforich database on Teleview, which incidentally is the most advanced videotext system in the world. And SPH Shine Company Research is a high valueadded package comprising useful and pertinent business information
      157 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    2090 20 CLOB INTERNATIONAL 1992 High Low Tel Cut Code Company Traded Last Sale +orVol Day (TOO) High last Quote IjOw Buyer Seller Gr's Div Gr's Di% VW CVr Nrt P/E M Cap Smil EUROPEAN STOCK 77 66 1292 GIL US$0.10 US 76% 1 76% 76% 76%
    2,090 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      35 20 WHAT DO YOU WATCH AT THE CINEMA? Besides the movie, that is. To find out how good your observation powers are. watch out for The New Paper today. the J new* xiper NEW. NEWS. NEWSY
      35 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Tokyo's rise leads to late bargain-hunting
      1044 21 Reuter Bernama KUALA LUMPUR share prices closed higher yesterday as Tokyo's firmer finish inspired a late round of bar-gain-hunting, brokers said. The market was mixed initially amid early uncertainty over the direction of the Tokyo bourse. But brokers noted the late round of buying
      Reuter; Bernama  -  1,044 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      2 22
      2 words
    • Article
      PRELIMINARY RESULTS
      2 22
      2 words
    • Article
      INTERIM RESULTS
      85 22 Figures in brackets are tor the previous corresponding period L. Loss. TE: Tax Exempted, N: Net. NY*: Not Yet Available, (a): Adiusted tor scrip issues, (b): In million Dutch Florins, (c): Profit after tax. (d): In million HKJ, (e): Company's profit, (f): In million yen. Profit after tax
      85 words
    • Article
      RESULTS FORECAST
      27 22 Forecast figures are contributed by Baring Securities. Crosby Securities. DBS Securities, GK Goh Securities. Hoare Govett Securities and Kay Hian James Capel. EPS are annualised.
      27 words
    • Article
      OTHER RESULTS DUE
      56 22 Net Profit represents consolidated earnings after provision lor depreciatmmterest cha»ges. '■J*"**' minority interests t Interna F: Final (a) In million yen. tb> lrJliuS guilders (d) m HKSm (e) m USJm. (f) 1990 results. <g) Period of 9 mttis IPS annuahsed Profit before tax. IE Ta» Exempt. NA
      56 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      713 22 Stock Trans Registered Date Haider Substantial Shareholder/Director Buy/ Sell No. ot shares Amount Before Shareholding After SPH SPH SIA Foreign DBS Land DBS Land DBS Land UE UE SPH UC Keppel Corpn Sing marine S Steamship G Securities UE SPH Keppel Corpn Semb Maritime SIA Foreign SIA
      713 words
    • Article
      DIVIDENDS ANNOUNCED
      129 22 All shares quoted have a par value of {1 unless otherwise specified NYA Not Yet Avaiable. Int Interest; I Interim; N Net It Tax Exempt. S Special dividend (a) Adiusted for scrip issue (b) First and Final, (c) Includes 4% special dividend; (d) Includes 6% special dividend (e)
      129 words
    • Article
      CORPORATE DEVELOPMENTS
      674 22 Jun 24 Intraco Ltd has forged a joint venture trading company, Agrosin Pte Ltd, with four Russian partners Agrochimexport, Beloruskall Plant, Silvmit Plant and Uralkaliy Plant. The new firm will import fertilisers, chemicals, metals, minerals from Commonwealth of Independent States (CIS) for resale in the Asia Pacific region
      674 words
    • Article
      APPROVED ISSUES
      2 22
      2 words
    • Article
      PROPOSED ISSUES
      2 22
      2 words
    • Article
      COMPANY MEETINGS
      107 22 Hume Industries (Malaysia) Bhd: EGM at the Conference Room, 14th Floor. Bangunan Hong Leong, 117 Jalan Tun HS Lee. ***** Kuala Lumpur, on Friday. June 26, at 3.30pm SPK-Sentosa Coporatwn Bhd: 29th AGM at the Board Room, 13th Floor, Wisma SPK, Jalan Sultan Ismail, Kuala Lumpur, on Friday.
      107 words
    • Article
      SCRIPLESS CONVERSIONS
      2 22
      2 words
    • Article
      RECORD HIGHS & LOWS
      3 22 RECORD HIGHS LOWS
      3 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      68 22 Abo*« art pnet trend* on the worldj major stock markets at calculated by Morgan Statin Capital International Perspective, Geneva. Indices marked with a are taken trem a base e< 100 at the beginning ef IMS. The other indices are taken from a base d 100
      68 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks close mixed as investors adopt wait-and-see stance
      156 23 Reuter BANGKOK share prices closed mixed yesterday in less active trading focused on small-capitalisation issues, brokers said. The SET Index ended 2.23 points higher at 756.98 on turnover of 5.29 billion baht, the lowest since June 15. Advances led declines 114 to
      Reuter; Source: Bridge Info  -  156 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Light selling drags share prices lower
      107 23 LIGHT SELLING by local investors pulled Jakarta stock prices to a lower close in quiet trading yesterday. The official index fell 2.85 points to 319.67 on turnover of 5.38 million shares. "Selling pressure by locals depressed the market," said a broker. "There seems to
      Source: Bridge Info  -  107 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      7 23 Advertising Marketing in Business Times every Thursday
      7 words
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      Page 23 Advertisements Column 2
      1055 23 onagers ust anage BT shows you how every Monday. BUSINESS TIMES NOTICES Toll free Tel No 737 0043 -Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF KEW FACILITIES PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS
      1,055 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei breaks above 16,000 in choppy trade
      234 24 Reuter TOKYO STOCKS yesterday jumped to close higher in ehoppy trade amid renewed talk of a possible discount rate cut, brokers said. Technical buying and bargainhunting following Wednesday's slide helped fuel gains, but overall sentiment remained bearish on thin volume, they added. "Rumours
      Reuter  -  234 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks close near high in hectic trade
      255 24 Reuter HONGKONG share prices closed sharply higher in hectic trade yesterday, with the blue-chip Hang Seng Index soaring 113.48 points to finish at 6,078.69. The All Ordinaries Index closed 55.72 points higher at 3,300.89. Turnover totalled HKS4.B9 billion against HK53.59 billion on Wednesday.
      Reuter  -  255 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Share prices ease in directionless trade
      271 25 Reuter THE AUSTRALIAN share market yesterday closed marginally lower but there was little real direction to trading. "It was one of those days where prices could be down a couple of cents or up three," a broker said. "No-one expects the market to do
      Reuter; Source: Bridge Info  -  271 words
  • REGIONAL STOCK MARKETS
    • Seoul stocks slump to 52-month low
      • Article
        SEOUL
        172 25 SEOUL'S depressed stock market slumped to a 52-month low yesterday, and would have sagged further if not for intervention by the Korea Securities Stabilisation Fund, brokers said. "Investors are worried about inflation and the economy," a broker said. Domestic oil price price rises effective yesterday also took a toll
        172 words
      • Article
        MANILA
        118 25 GAINS in mining issues yesterday checked blue-chip selling, allowing share prices to close steadier in light trade. The Manila Stock Exchange Composite Index gained 0.33 point to end at 1,477.90. Losers led gainers 25 to 17. Brokers said strong gold and copper prices were creating short-term demand for mining
        118 words
      • Article
        TAIPEI
        166 25 TAIWAN share prices closed sharply lower on heavy selling as investors took profits from recent speculative gains, brokers said. The Weighted Index ended 90.07 points lower at 4,565.01. The financial sector was hardest hit. Turnover was an active NT535.6 billion against NT$4l.3 billion previously. Brokers said investors were disappointed
        166 words
      • Article
        NEW ZEALAND
        120 25 CONTINUED heavy trade in leading stocks Brierley and Carter Holt Harvey were the distinguishing features in a generally quiet day on the New Zealand share market yesterday. In spite of stronger US and Austra- lian bourses on Wednesday, New Zealand shares were generally unchanged. But a two-cent fall
        120 words
      • Article
        BOMBAY
        98 25 Stock exchange officials say they are making every effort to see that trading is resumed on the largest of India's 21 bourses, crippled by a brokers' boycott in the wake of a major financial scan- dal. "We arc doing our level best to bring the brokers back to the
        98 words
      • Article
        Untitled
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  • WORLD STOCK MARKETS
    • US stocks post modest gains in active trade
      • Article, Illustration
        NEW YORK
        873 26 NEW YORK STOCKS closed with modest gains in active trading on Wednesday as some selective buying helped counter the downward pressure from weak overseas markets and disappointing economic news. The Dow Jones Industrial Average, which rebounded 4.82 points on Tuesday, added 5.08 points to 3,290.70. Among the broad
        873 words
      • Article, Illustration
        LONDON
        418 26 SHARE PRICES in the City closed sharply down on Wednesday, losing gains they made on Tuesday, affected by profit-taking, a weaker Tokyo and continuing fears of recession. The Footsie index of 100 leading shares was down 28 points to 2,532.6 at the close. The FT-30 Index was down 16.8
        418 words
      • Article
        FRANKFURT
        103 26 THE stock market suffered a small loss on Wednesday, as the DAX spot trend index ended at 1,768.49 points, down 0.10 per cent from the Tuesday close. The Commerzbank Index shed 0.40 per cent to end at 1,985.40 points. Operators said the German market remained in a consolidation phase,
        103 words
      • Article
        AMSTERDAM
        111 26 A SOFT DOLLAR and lacklustre sentiment abroad pushed most share prices down on Wednesday, though traders said a monotonous session was enlivened by a late burst of life with sellers finding previously sidelined bargainhunters. The EOE Index closed 2.30 points down at 303.98, a day low hit just at
        111 words
      • Article
        PARIS
        115 26 FRENCH SHARES all but stood still on Wednesday, inching higher in a tepid performance on the first day of the July trading account. The CAC-40 Index crawled up 3.84 points to end at 1,899.64 on modest trade of about 2.1 billion francs. Traders said bargain-hunting inspired most of the
        115 words
      • Article
        MILAN
        123 26 SUPPORT BUYING on Wednesday helped Italian shares recoup some of their opening losses and close above the session's lows, but worries about whether the next government can tackle the mounting economic problems are weighing heavily on the market, brokers said. At the end of floor trading, the MIB Share
        123 words
      • Article
        ZURICH
        141 26 SWISS SHARES closed lower but above the day's low in lively trading on Wednesday as banks and insurers came under selling pressure. The industrial sector performed mixed with chemicals closing slightly higher. The all-share SPI Index fell 5.7 points to 1,163.1. The SMI Index of leading shares ended 8.8
        141 words
      • Article
        BRUSSELS
        164 26 BELGIAN SHARES closed slightly lower after a weak and quiet Wednesday session. Sentiment was depressed by Tokyo's fall, the forthcoming summer holidays, Tuesday's disappointing German M 3 figure and worries over expected stringent measures to cut Belgium's debt, dealers said. They said business was dominated by professionals and included
        164 words
      • Article
        JOHANNESBURG
        175 26 THE Johannesburg Stock Exchange traded firmer on Wednesday, with mining stocks recouping part of their early losses, dealers said. "The underlying sentiment is strong and it appears the bad news has already been discounted. Any good news should take this market higher," one dealer said. The spot market was
        175 words
      • Article
        TORONTO
        112 26 STOCKS marked another dull session in the countdown to the end of the second quarter by recording slight losses in slow trade, dealers said. Traders said the market had slowed to a crawl as institutions took to the sidelines until July. The TSE 300 Composite Index closed down 3.4
        112 words
      • Article
        Untitled
        0 26
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  • Page 26 Advertisements
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      45 26 The Swedish market report was not available Personal Finance Investment in Business Times every Saturday Where to go for our magazines For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 749-2577
      45 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Dollar ends light session firmer on short-covering in Tokyo
      1196 27 REPORTS ASIA TOKYO: The dollar ended a light Tokyo session firmer yesterday on what dealers ealled technical short-covering. "Tokyo traders are merely taking quick profits both in dollar/yen and dollar/mark. In the short term, the best strategy is to start trading
      1,196 words
    • Article
      Lock icon Surge in Yankee bonds set to continue
      405 27 Foreign govts and firms taking advantage of gap in interest rates Reuter NEW YORK The recent surge in Yankee bond issuance is seen continuing as foreign governments and companies take advantage of the widening gap between US interest rates and those around the
      Reuter  -  405 words
    • Article
      INTERBANK FOREX RATES MONEY MARKET
      65 27 Source: UOB Rates quoted by Astley Pearce rates n™ ss Bid Offer 1-month 2-month 3-month 6-month 1.6180 1.6172 1.6166 1.6146 1.6195 1.6187 1.6181 1.6166 OCBC Exchange Rate Index June 25 The OCBC trade-weighted index for the Singapore dollar was down 0.09 per cent to 135.93
      65 words
    • Article
      Untitled
      38 27 Rates quoted by Astley Pearce Rates quoted by NatWest Note Based on latest issues Source: The Monetary Authority of Singapore entral hunk Jm mint rales Urra/ie of 12 banks. Float Source: National Westminster Bank Source: National Westminster Bank
      38 words
    • Article
      FINANCIAL FUTURES
      29 27 NiKc: Open interest and actual volume are for previous day trading. Source: Singapore International Monetary Exchange Note: Open interest and actual volume are for previous day trading.
      29 words
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  • COMMODITIES
    • Article
      Lock icon Tokyo metals markets ignore ANC boycott news
      374 28 Reuter TOKYO Japan's gold and platinum markets on Wednesday shrugged off news from South Africa that the African National Congress (ANC) had broken off talks with the government. Traders said that demand for both metals had dropped sharply because of Japan's slowing economy
      Reuter  -  374 words
    • Article
      Lock icon Indonesian minister sees higher oil prices in second half
      249 28 Reuter JAKARTA Oil prices are likely to rise in the second half of the year, says Indonesian Mines and Energy Minister Ginanjar Kartasasmita. "I think the oil price will firm in the second half of this year. But it will depend
      Reuter  -  249 words
    • Article
      KL tin rises three sen to hit two-year high
      732 28 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market (KLTM) added three sen yesterday to close at M$ 16.68 per kg, a new two-year high, on some short-covering activity. Noting heavy covering by Japanese traders, dealers said the last
      732 words
  • Article
    PRICES
    386 28 Rubber MRELB (fob In baits) (M cents/kg) Noon Close Int 1 RSS JuJy 92 220.0<y222.00N Int 2 RSS OP 218.00/219.00N UKATont 217.00/218 OON Int 3 RSS OP 215.50/216 SON UKATont 214.50/215 50N Int 4 RSS OP 212.50/213 50N UKATont 211.50/2I2.50N Int 5 RSS OP 206 50/207. SON UKATont 205.50/206.50N
    386 words
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      1142 28 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF LIM A CHUA PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting ot the members of LIM CHUA PTE
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    94 29 TERMINAL 2: The fouowmg airlines amve at/depart Iren Terminal 2: Fiona* Oy. Malaysian Airline System, Myanmar Airways. Olympic Airways. Philippine fumes. Royal Brunei Anlmes. Singapore Amines, Swissair. Tradewmds and UTA French Airlines. TELEPHONE NUMBERS: SATS *****88 Air Canada *****55 JAL *****08 KLM *****42/44 CIAS *****34 UA
    94 words
  • THE TRAVEL PAGE
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      38 29 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. We know Europe from itart to Finnish
      38 words
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      Page 29 Advertisements Column 2
      1171 29 BUSINESS TIMES NOTICES Toll free Tel No 737 0043 -Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, 'CAP. 59 AND IN THE MATTER OF WAN-M MARKETING SERVICES PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of
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      Page 29 Advertisements Column 3
      386 29 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF LOGTRAD OILFIELD SUPPLIES SERVICES (S) PTE LTD NOTICE OF SPECIAL RESOLUTIONS FOR MEMBERS' VOLUNTARY WINDING-UP (PURSUANT TO SECTION 290) At an Extraordinary General Meeting of the members of Logtrad Oilfield Supplies Services Pte Ltd duly convened
      386 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      247 29 CRYPTIC CROSSWORD ACROSS I Fact-finding orders scare her (8) 5 Pickled, and therefore taken advantage of (6) 9 Clement managed to get in for rent only (8) 10 They are revolting people! (6) II Check trainers' organisation (8) 12 Giving a little weight in the ring appears very fair (6)
      247 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      167 29 WEATHER Singapore Outlook: Showers, with gusty winds, over many areas in the predawn and early morning. Report: Maximum temperature 31.6 Assoc humidity 77% Minimum temperature 25.6 Assoc humidity 98% Hours of sunshine 2.90 Rainfall in mm 0.4 Rainfall this month 148.8 Rainy days this month 15 World report Asia-Pacific Hi/I/>*
      167 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      40 29 tin Stow: YsizJi Dicia£ UMPfT *R€- VOU gea, DIG Pi&QUT? U>€JLL &R\stou).. «r r L 0710 c ASSOCIATED NEWSPAPERS LTD.. IH2-IW2 ,3 0 ruAt?eo Rvj&BW I u>BS IN SUCH Pi HU?Ry TV<IS moRNwG PUT SMOCS ON nRST —VST ffrouseßs^) o
      40 words
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  • Article
    Lock icon Economic outlook still good: Thai central bank
    396 30 Relatively stable new govt will help sustain growth, it says Reuter AFP BANGKOK The Bank of Thailand said the bullish Thai economy has survived intact a bloody unrest here in May and a relatively stable new government emerging from general elections here in
    Reuter; AFP  -  396 words
  • Article
    Lock icon China to sell off more land to attract investment
    271 30 AFP BEIJING China will expand its real-estate market in a bid to attract more foreign investment, after earning more than US$55O million (SsB9l million) in the past five years, officials were quoted yesterday as saying. "Land use rights will be permitted
    AFP  -  271 words
  • Article
    Lock icon Beijing keen on ceasefire pact with Taipei: report
    302 30 Reuter TAIPEI A local newspaper reported yesterday that China wants to sign a ceasefire pact with Taiwan, formally ending more than four decades of hostility. The United Daily News. quoting unnamed "authoritative sources" in Beijing, said China would seek to have "representative
    Reuter  -  302 words
  • Article
    Lock icon Carrian's ex-chief pleads innocent to corruption charges
    211 30 AP HONGKONG After years of delays, the former chairman of the bankrupt Carrian Group, one of Hongkong's flashiest companies in the early 1980s, pleaded innocent yesterday to eight counts of bribery. George Tan, 58, pleaded innocent to charges that he offered a total
    AP  -  211 words
  • Article
    Lock icon US economy grew 2.7 pc in first quarter
    262 30 AP AFP Reuter WASHINGTON The US economy grew at an annual rate of 2.7 per cent from January through March, the best performance in more than three years, the government said yesterday. The Commerce Department said the increase in the overall economy,
    AP; AFP; Reuter  -  262 words
  • Article
    Lock icon Khmer Rouge may have to be dropped from peace plan
    301 30 Reuter KUALA LUMPUR The Khmer Rouge may have to be dropped from the Cambodian peace plan if it persists in refusing to disarm its guerillas, the foreign minister of the Phnom Penh government said yesterday. Hor Namhong said a new
    Reuter  -  301 words
  • Article
    Lock icon Black Sea nations sign cooperation accord
    216 30 Reuter ISTANBUL Leaders of 11 nations, including six exSoviet republics, signed a Black Sea economic cooperation declaration in Istanbul yesterday, pledging to snuff out regional conflicts. "It's a historic day for Turkey and the region," Turkish Prime Minister Suleyman Demirel, whose country originated the
    Reuter  -  216 words
  • Article, Illustration
    BCCI and after: the wages of deregulation
    732 30  -  The Bottom Line S N VASUKI S N VASUKI The writer is a BT correspondent ON JULY 5 last year, the Bank of England, acting in concert with regulators from seven countries, made a lightning raid on the branches of the Bank of
    732 words
  • Article, Illustration
    Lock icon ANC rules out resuming talks despite govt efforts
    396 30 Reuter JOHANNESBURG South African President F W de Klerk and top advisers met to find ways of reviving South Africa's stalled democracy process but the ANC ruled out any resumption of substantive negotiations. Nelson Mandela's African National Congress said it was trying
    Reuter  -  396 words
  • Page 30 Advertisements
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      99 30 Mlltt'Kl The World's Finest Photographic System MS J LW Perth FOR SALE BY PRIVATE TREATY Floreat Forum SHOPPING CENTRE PERTH WESTERN AUSTRALIA The correct formula for successful shopping centre investment 2 major supermarkets with exceptional turnover plus 62 specialty shops. Hotel, 2 Service Stations and TAB. Land area 10.5 acres.
      99 words
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      Page 30 Advertisements Column 2
      9 30 Thai businessmen now more involved in politics, Pg 8
      9 words
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      Page 30 Advertisements Column 3
      19 30 The World's Finest Photographic System South African talks impasse could fuel capital, skills flight, Pg 11 Editorial, Pg 12
      19 words
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  • SHIPPING TIMES
    • Article, Illustration
      Sembawang wins deal to repair US navy destroyer
      338 31  -  By Juliette Walker SINGAPORE Sembawang Shipyard took another step to improve its expertise in the repair of naval ships yesterday by winning a major contract to repair the US navy destroyer USS Ingersoll after its collision with a Singapore-flagged tanker. The accident
      338 words
    • Article
      Lock icon Lloyd's turns in record £2b loss
      637 31 AP LONDON Lloyd's of London insurance market on Wednesday announced "appalling" record losses of £2.063 billion (Ss6 billion) for 1989, amid angry charges of mismanagement from investors. Lloyd's chairman David Coleridge told the annual meeting of investors, commonly called "names," that 1989 was the
      AP  -  637 words
    • Article
      Freight Links seeking overseas partners
      301 31  -  By Rahita Elias SINGAPORE Leading freight forwarding group Freight Links Express Holdings, having established itself as a major force in South-east Asia, is on the look-out for partners to strengthen its international marketing network. For a start, the group has joined forces with Hongkong's IFB
      301 words
    • Article
      Lock icon China's buying spree causes pile-up of imports at ports
      329 31 Reuter BEIJING China's import buying spree this year is jamming ports with shiploads of wheat and other commodities that cannot be unloaded, and officials fear the congestion can only get worse. "Transport facilities have been unable to keep up with the
      Reuter  -  329 words
    • Article
      Lock icon Promet to focus on core businesses
      440 31 Bernama KUALA LUMPUR Promet Bhd does not plan to diversify its business operations but to concentrate on its core businesses of rigbuilding, steel fabrication, marine engineering, property investment and construction and civil engineering. Disclosing this yesterday, chief executive Datuk Brian Chang said the company's
      Bernama  -  440 words
    • Article
      Lock icon Brazil to vote on port privatisation bill
      178 31 Reuter SAO PAULO The Brazilian lower house was due to vote on a port bill designed to privatise port services and break dockers' stronghold on labour supply in ports, congressman Nelson Mono said. Mr Morro said on Wednesday he hoped the latest version
      Reuter  -  178 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        Jardines secures agency from Kanoo Shipping
        48 32 SINGAPORE Jardines Shipping Services has sccured a marketing agency from Kanoo Shipping Services of Saudi Arabia. Under the agency, Jardines will make quotations and accept funds on Kanoo's behalf in the Asean nations except Brunei, Vietnam, Hongkong, Taiwan, China and South Korea.
        48 words
      • Article
        US port to have foreign trade zone
        94 32 NEW ORLEANS The port of Baton Rouge has voted to launch a programme to reactivate its idle foreign trade zone. The zone was approved in 1988 by the US Commerce Department but has not been used by industry. The port will lose the
        94 words
      • Article
        Landing plane brushes parked jet
        102 32 NEW YORK Two planes suffered minor damage when the wing of one clipped the tail section of the other on the ground at John F Kennedy International Airport, the Port Authority said. A China Air Boeing 747 on a flight from Anchorage had landed shortly
        102 words
      • Article
        Panama approves free port in Colon
        114 32 PANAMA CITY Panama's Congress approved legislation to create a "free port" in the Atlantic city of Colon, hoping increased trade will bring more jobs to the depressed city. The bill, which must be approved by President Guillermo Endara before being written into law, would
        114 words
      • Article
        Klang residents yet to contact Shell
        89 32 KUALA LUMPUR Residents of the Klang Port Authority flats have not contacted Shell Malaysia regarding their plan to seek a court injunction to stop the company from operating near their homes. The company's spokesperson said yesterday it only learned of the residents' intention through
        89 words
      • Article
        US oil supplies via rail disrupted
        90 32 NEW YORK Unocal has received notice Shell Oil Co would not be able to ship via rail Unocal's usual 35,000 barrel allocation of California heavy crude oil yesterday, a Unocal spokesman said. Earlier, California crude oil traders said the Unit Rail line, which ships
        90 words
    • Article, Illustration
      Lock icon German dominance under threat
      1615 32  -  Andrew Fisher examines the challenges confronting the German car industry Andrew Fisher FT MR Ferdinand Piech grinned as he drove off in a big, black Audi limousine. He told his driver to get in the back, and slipped behind the wheel himself. It was a small
      FT; Source: German Automotive Industry Association  -  1,615 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      84 32 This report is based on samples as analysed by Veritas Petroleum Services and is an abstract from its more detailed fuel duality statistics which to participating shipowners. Key banker ports have been grouped in geographical regions lor brevity. Comparison has been made with the Specification Limits
      84 words
    • Article
      THE SHIPPING GUIDE
      13280 40 1 his is a list of" ships loading at Singapore for ports around the world. It tabulates, by r destination, the name of the i ship, the shipping line in- volved and the estimated 1 dates of arrival and departure from the Port of Singapore. LEGEND PN:
      13,280 words
    • SHIPS IN PORT
    • Article
      TRANSPORT DIARY
      1240 48 S«pt 15-16: Asia-Pacific Digital Cdlular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC technical Services at tel: or fax: 733-5087. Oct 5 6: Conference on (Quality Control in Asian Shipping, organised by IBC Technical Services Limited at the
      1,240 words
    • Article
      DAILY FREIGHTS
      461 48 DRY CARGO freight rates were lower on Wednesday and the Baltic Freight Index dropped nine points to 1,127. But US Gulf/Japan grain bucked the trend to rise to U5519.23 within the index from Tuesday's $19.19, itself up from $19.18. Loritzcn Maritime reportedly fixed this heavy grain panamax run
      461 words
    • Article, Illustration
      Lock icon US businesses warn of shutdown if nationwide rail strike continues
      536 50 AP NEW YORK Companies that rely on trains to ship in raw materials and ship out finished products warned they would be in trouble if freight train service was not restored soon. The nation's freight trains stopped rolling and Amtrak
      AP  -  536 words
    • Article
      Lock icon US rail strike threatens Canadian car makers
      304 50 Reuter TORONTO A complete freight rail shutdown in the US which began on Wednesday may dry up the supply of American auto parts, forcing Canadian assembly plants to halt production and lay off thousands of workers. Ford Motor Co of Canada and General
      Reuter  -  304 words
    • Article
      Lock icon Long, uneasy wait for UN peacekeeping unit
      427 50 Canadian battalion sees Sarajevo only on TV AP DARUVAR, Croatia As it waits uneasily, the Canadian battalion assigned to open up Sarajevo's airport to urgently needed relief flights sees the besieged city only on television. Some days, orders for the 840 United Nations
      AP  -  427 words
    • Article
      Lock icon Iraq wants its oil exported via own port, not Turkey
      331 50 Reuter UNITED NATIONS Iraq agreed in principle to most United Nations demands at recent talks on future limited oil sales but baulked at using a pipeline through Turkey as the Security Council proposed, diplomats said on Wednesday. Instead, Baghdad wants
      Reuter  -  331 words
    • Article
      Lock icon Arctic bush pilots marrying Gulf war techniques with WWII planes
      745 50 Reuter YELLOWKNIFE, Canada Bush pilots in Canada's economically depressed Arctic region are marrying Gulf war navigation techniques with World War Two planes to remain in business. "Buffalo Joe" Mcßryan said he uses two Douglas DC-4s to ferry big loads to
      Reuter  -  745 words
  • Page 31 Advertisements
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      19 31 Umi and iirriui npfiniM by Mmhin «f Um Registry t( AecridttM For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      Page 31 Advertisements Column 2
      95 31 NOTICES ELMA SJL are pleased to announce the appointment of Maju Boustead Shipping Pte Ltd as our new general agents In Singapore with effect from 29 June 1992. We would like to take this opportunity to thank Anglo-French Shipping for their past service and co-operation. Empresa Lineas Maritimas Argentinas S.A.
      95 words
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      43 31 E FAMOUS HOT LINE 224 1833 For more information please refer to Pg. 13 CONTENTS Container Schedule 17 My Fre<Ms 18 Index 1 Shpcmg Gude 10,11 m Port 17 Smgapore Tides 17 Transport Diary 18 Veritas Report 2 Weather and Sea Conditions 17
      43 words
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      84 32 <CJ\ a< i—^-v Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms
      84 words
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      1293 33 Dedicated to Quality Service OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 BOOKINGS TEL: *****34 *****58 TERMINAL/CFS TEL: *****18 220 PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. PORT KELANG TEL: *****18 FAX: *****91 *****88 PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 IPOH TEL: *****3/4 FAX: *****6 P.GUDANG
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      Page 33 Advertisements Column 2
      698 33 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT aem© n| V UNITED ARAB SHIPPING (SAGj\ 7c> 6/5 £V? 5/ Fac//? £/S £<9S/ Coast SM To North Europe I A/so xcepting fa It Antwerp. Amsterdx* Bremen Brtmen/untn Wbß Oslo. MalH 7"o Mediterranean
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      Page 33 Advertisements Column 3
      709 33 MAERSK LINE 2 SAILINGS TO NEW YORK ALVA MAERSK V 9202 ETA Singapore 29/6/92 ETA New York 30/7/92 (VIA ROTTERDAM) MAJESTIC MAERSK V 9206 ETA Singapore 30/6/92 ETA New York 2/8/92 Voy This weak Majestic Maersk 9206 CY 30/6 0800 HRS CFS 29/6 2359 HRS To California US Gull US
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      927 34 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT KAGA TOKIO EXPRESS LEVERKUSEN EXPRESS KITANO THAMES LA SEINE HOECHSTEXPRESS HAMBURG EXPRESS HANNOVER EXPRESS KURAMA FRANKFURT EXPRESS KASUGA 1 LA SEINE VOY NO 24/325 06/126 07/326 14/127 12/327 25/128 04/328 09/129 09/329 17/130 63/330 22/131 25/331 SPORE 28/6 2/7 5/7 9/7 12/7 16/7 19/7
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      Page 34 Advertisements Column 2
      426 34 COLUMBUS LINE REEDEREI GMBH. HAMBURG EXPRESS TO PAPUA NEW GUINEA ALAM TALAMO VIS CHEFOO V»S ALAM TALAMO VIS (LCL B/BULK) T/S: ALOTAU, OROBAY, KAVENG ACCEPTWG LCL FOR MAIM PORTS DISCHARGE PORT KELANG H C TEL: *****01/4 0 UNICORN-DELMAS SERVICE a DEL M A S NAVALE DELMAS INTERNATIONAL SERVICE FAR SIN
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      744 34 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE VSL/VOY S* ALG 19/07 26/07 00/08 11/08 17/08 BCI (W ALG) 21/07 28/07 10/08 13/08 18/08 23/07 30/07 12/08 15/08 20/08 BRE (VU HMI) 24/07 31/07 13/08 16/08 21/08 ROT NOR ASIA SUSAN 9217-3 28/06 NORASIA SHARJAH 9218 3 04/07 SI FREEDOM
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      Page 35 Advertisements Column 1
      1572 35 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 SERVICE TO SABAH. SARAWAK BRUNEI STRAITS STAR RAJAH BROOKE STRAITS VENTURE RAJAH BROOKE STRAITS VtNTURE KRIS MADURA KRIS MERUH STRAITS STAR STRAITS VENTURE KRIS MADURA SINGAPORE STRAITS SUPPING PTE LTD TEL: 225 0788
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      1126 35 zs I P&O Containers SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel 225 2233 Tele* RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number **********0Z EXPORT IMPORT TO UK CONTINENT FROM UK CONTINENT JEDDAH 27/07 29/07 03/06 ROT 16/07 19/07
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      476 36 DJAKARTA LLOYD INDONESIAN NATIONAL LINE CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject to Inducamant. Also accepting cargo to Casablanca, Port Said, Port Alexandria, Gsnoa, Trwata. ALSO ACCEPTING CONVENTIONAL CARGO VIA I/S 10 UK PORTS, HULL. IE HAVRE. OSLO, COPENHAGEN, AARHUS. GOTHENBURG
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      Page 36 Advertisements Column 2
      1094 36 0 HANJIN SHIPPING TO USA PACIFIC SOUTH WEST TO EAST COAST (ALL WATER SERVICE) FDR VSL HANJIN HONG KONG 034E HANJIN SINGAPORE 006E HANJIN LEHAVRE OIK HANJIN OAKLAND OIK HANJIN LONGBEACH 03K HANJIN ROTTEROAM 019E Also accepting Reefer Opentop fWrack etc to San francisco wa Oakland All USA Inland points.
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      Page 36 Advertisements Column 3
      850 36 BHHTjHTTPrrm? l i Full Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) N1 IK it KLC WS Wl OSI wr SMI ITO IU CHS W NTC LMV W« K* llf Rt M «1 SfiP I I LOAOW6 HI 074 M i 1/7 J/7 1/7 11/7 13/7 14/7 U/7 17/7 11/7 M/ 7
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      1551 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 ,CR W: **********0E, NEPTUNELINK TEL TERMINAL OFFICE IMPORT CFS F9: EXPORT CFS F9: *****00 (TOLL-FREE) *****22 *****69/*****96 *****53/*****50 BOOKINGS (TOLL FREE) USA SERVICE *****00 FAR EAST SERVICE *****00 UK/EUROPE SERVICE *****00 AUST/INDIA/PAK SERVICE *****00 k'BBS *****JP.ttBlang (03) *****87. Penang-(04) *****0. J Bahru-<O7) *****2/3/4
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      Page 37 Advertisements Column 2
      461 37 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) BALT-ORIENT LINE/ l XNAI,A FULL CONTAINERSHIP SERVICES VIA ROTTERDAM #FOH WSCHARGt ONLY
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      Page 38 Advertisements Column 1
      1094 38 K 44 EXPORT K LINE KAWASAKI KISEN KAISHA, LTD N .AMERICA PACIFIC SOUTH WEST AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: 12U*****00M) TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 MALAYSIA "K" UNE MARITIME (MALAYSIA) SDN BHD TEL" SA *****00 PK *****01/5 PENANG *****0 JB *****1 INDONESIA: P.T. SARANA LAUT
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      Page 38 Advertisements Column 2
      966 38 PHIU-ORICNT LIN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22 *****69 *****00 Telex: R*****0 FAX: *****76 *****38 9 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/SOUTH PACIFIC FCL/LCL SERVICE 30 JUN SYDNEY. MELBOURNE. BRISBANE,
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      1207 39 [JAKARTA PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street. #03-00 PIL Building, Singapore 0106. Tel: *****33 \SEKnMSMSSSEMISE "1 [BANGKOK VESSEL ESTE BRUGGE EQUATOR CRYSTAL SRISAMUT (THAI FLAG) Q. KOZINTSEV KOTA BINTANG KOTA SURIA SRISAMUT (THAI FLAG) KOTA BINTANG KOTA SURIA VOY 15N 97N SRS223 31N K8T223 KSR22I SRS224 K8T224 KSR22S
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      Page 39 Advertisements Column 2
      717 39 EacßenV IST1 ST CLASS CONTAINER TRANSPORT EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY P GUDANG PENANG P KELANG OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) 26/6 26/6 27/6 SELANDIA 2252 30/6 17/7 19/7 20/7 22/7 3/7 3/7 4/7 BENALDER 2262 7/7 24/7 26/7 27/7 29/7 10/7
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      Page 39 Advertisements Column 3
      301 39 BOUSTEAD SHIPPING AGENCIES NIGERIAN NATIONAL ML SHIPPING LINE BP NIGERIA EXPRESS SERVICE RIVER IKPAN V.S2 SINGAPORE ETA Lagoa Port Harcourt Calabar 18 Jul 11 Aug 13 Aug 17 Aug ACCEPTING B/BULK AND CONTAINERS 111 (A* U > INGAPORE 02 *****66 02 *****7] RS 212^3 iim a i umpur !ii;<w :k'»ks.'
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      2088 42 c o 5 C O CHIXA (HE AX sHirnxa COMPAXY a Conventional Semi-Container Liner Sendees General Agents: Yick Fung Shipping Enterprise Co Ltd 62 Cecil Street T P I Building *02 00 Singapore 0104 Tel: *****66 (12 lines) tax *****15/*****8/ fix YIFUSIN US ***** YIFUS YIFUSINRS ***** YIFUS Booking Agents:
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      81 42 fiSij o»wn CONTAINERISED SERVICE TO SARAWAK SABAH K BRUM I ACCEPTING Fd/ICI REEFERS, PALLETISED CARGOES HEAVY UFT UP TO 70 TONS AT PPW SMGAPOftC PAMM quo an a POUT KELANC: 100 HAM SWfK PTE. 110 TO. ;nNU ll* IJ ;;iu fu 2m«io ct #ism«;ooooH SHTIMK MZNCT SM BK) T«t *****
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      Page 43 Advertisements Column 1
      275 43 <& FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) INDIAN SUB-CONTINENT MIDDLE EAST STATES FAR EAST PORT PORT KLANG PH: 03/*****02 (10 LINES) 11 PENANG: 04/*****7 (10 LINES) FARGO SHIPPING Call our TOLL FREE LINES at 566-4833 WE ARE OFFERING THE
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      Page 43 Advertisements Column 2
      540 43 m TEL: *****33 (12 LlnM) ©FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) Pi\ ETHIOPIAN SHIPPING LINES 1 (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL 35 MEN HUNG LINE FULLY CONTAINERISED FORTNIGHTLY LINER SERVICE TO MAURITIUS AND SOUTH AFRICA ACCEPTING BOTH FCL/LCL CARGO Vessel Voy Spore P Lows Durban
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      Page 43 Advertisements Column 3
      116 43 JAKARTA i WAHA BHUM WW)* BHUM NANA BHUM JSL. 147S 33S 148S 27/06 01/07 j 04/07 SEMARANG/SURABAYA BELAWAN CEBU/MANILA PENANG/PT. KELANG PASIR GUDANG JSL FUFENESHAN 11SP In PI irsr 04/07 *0 CHI MINH CITY HAU OMO B *****2 L ***** 28/06 29/06 03/07 CiRKAT IUt.ION SHIPPING G Ti;L ??l)l):{88 (16
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      736 44 MERLION SHIPPING AGENCY it 16-01 SOUTHPOINT. 200 CANTONMENT ROAD TELEPHONE *****44 TELEX RS ***** FAX *****64 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, INVERCARGIL, SUVA, LAUTOKA, TAHITI,
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      Page 44 Advertisements Column 2
      731 44 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAO #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO IF I CONVENTIONAL/CONTAINER SINGAPORE TO WEST MALAYSIA CONTAINER SPIVfC!! SINGAPORE TO WEST MALAYSIA BOOKING LINES: 227 5055 BOOKING LINES: 320 8804
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      Page 45 Advertisements Column 1
      700 45 Everett Lines COMPANIA PERUANA XBBL de vapores "PERUVIAN STATE LINE" ACCEPTMG BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL Of LADING. "EVERETT ORIENT LINE" JAPAN/BAY Of BENGAL /JAPAN SERVICE ACCEPTWG BREAK BULK SOC CARGOES TO/FROM KOBE, YOKOHAMA, NAGOYA, MOJI. TOKYO*, MANILA*,
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      Page 45 Advertisements Column 2
      246 45 m zim FAVI mAhbl Container Service UmhJ N.AMERICA/CARRIBEAN SERVICES *cctvtß( c«io I* US* Mmd De»tmiliom Cm*t VtntiwU Pwwto Kca. Imci o*t>«lov Imdid MeiKO. fjnjmj Uu> iccfphnj 48W I* Monftonj ln« and AUSTRALIA SERVICES Acccpfac c*|« to AdeUd# w Metwvrw Turkey Roman*. Cyprus. Span Soirth Vneoti &Jf aru Q GOLD STAR
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      Page 45 Advertisements Column 3
      465 45 MULTI-MODE SHIPPING PTE LTD WEEKLY CONSOL SERVICJ MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI OAMMAN SHARIAH DOHA MUSCAI BAHRAIN ABU DHABI BANDAR ABBAS KDOAH FAR EAST ACCEPTING FCL/LCL PfNANG P KELANG lAHARTA. BANGKOK HONG KONG TAIWAN lAPAN MANILA KORfA UK/EUROPE ACCEPTING FCL/LCL LONDON FELIXSTOWE. LEEDS. TILBURY ABERDEEN, IE HARVE HAMBURG ROTTERDAM ANTWEP
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      Page 45 Advertisements Column 4
      316 45 LUCKY SEAWAY SERVICES PTE LTD TLX ***** FAX *****77 MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPEZIA VSL FREITAL ETA SIN 2 JUL TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN WITH TRANSHIPMENT TO: ASEAN/AUSTRALIA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST
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      Page 45 Advertisements Column 5
      311 45 General Agents POH TIONG CHOON SHIPPING (PTE) LTD TEL *****66 FAX *****41 TLX R*****6 (CR NO **********0K) CONFER (S.E.A.) SHIPPING PTE LTD TEL: *****68 FAX: *****45 DIRECT CONVENTIONAL SERVICE TO CHITTAGONG MADRAS VESSEL CTG CONTMENI I V 6/92 6 M 14 20 Jul DIRECT FCL/LCL/CONVENTINAL SERVICES TO THE FOLLOWING DESTINATIONS:
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      476 46 ELL FIL CONTAINER SERVICES PTE LTD MADRAS BANGKOK SIN/BANGKOK NUI AVAiIABU sm 24 06 a 28 06 2» 06 29 06 30 06 oi o; 05 0/ o; o; BKK 27 06 21 06 29/06 01.07 02 07 03 07 04 0 7 0107 10 07 DUBAI HONGKONG SIN/DUBAI u/
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      Page 46 Advertisements Column 2
      405 46 Bonterm! CONTEHM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION YOUR FIRST CHOICE TO:— AUCKLAND 7 JULY ACCEPTING TO ALL PORTS IN NEW ZEALAND ASEAN BANGKOK JAKARTA PENANG PORT KELANG 28 JUNE 1 JULY 29 JUNE 29 JUNE AUSTRALIA FREMANTLE MELBOURNE SYDNEY 28 JUNE 29 JUNE 29 JUNE EUROPE/SCANDINAVIA FELIXSTOWE 28
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      Page 46 Advertisements Column 3
      543 46 Next Week's Sailings (Hllinn Won (ian4lii Singapore Tel: 778 6522 Fax: 779 2738 Johore Tel: 07-*****8 Pax: 07-*****3 Alfred Ng INCHCAPE SHIPPING SERVICES (S) PTE LTD Tel: *****11 Fax: *****88 CR: **********0 C THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA VESSEL VOV SAUCX D4RIYAH FEA 059 SAUCM RIYADH FEA 064
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      Page 46 Advertisements Column 4
      221 46 I A /CENTRALEXPRESS LINES FCL/LCL SERVICES MANILA ETA FOR BOOKINGS: *****66 (10 LINES) CHINESE-POLISH JOINT STOCK SHIPPING CO I I V COWTAl»ei>|M>t*K»giK l h \sntoi M) MEIIAffSKI V 1 CHOP* V IS 4/7 SHANGHAI 9/7 SHANGHAI BALTIC FAR EAST SHIPPING PTE LTD 1 2 MiSTRI ROAD #10-00, HMC BUILDING, S
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      16 47 Mwy of conUwrc Iran Micks HS/CS/Q6 s restricted botwoan 1500 aid 2100 hom on hi* 25.
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      16 47 Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in BT.
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      308 47 vCZ> c vQc Oc \O c vO c U VAN OMMEREN CETECO GROUP > TRANSPORT DIVISION VOTAINER CONSOLIDATION SERVICES: THE ONLY CONSOUDATOR WITH WORLDWIDE NETWORK Weekfy FCIACL Services Ttfroffl j EUROPE USA Ballmore Votalner ConsoUdallon Sendees Boston: Boston CoreoHdalon Services. J Chicago: Votalner Consolidation Services Mas: Votalner ConsoHdatton Services. Oelroit
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      476 47 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 ******************** **********00 *****900 2000 2100 23)0 2300 JR 12 10 1.0 11 13 16 18 19 18 17 16 14 12 11 11 13 IS 19 23 25 2.5 24 2.1
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      389 48 FREIGHT SERVICES WEEKLY LCL ACCEPTANCE TO T'-" Ncwc islands -feat*, MW, *0, IK Nnr Y«fc artrfPlNtts Calf*y, ntmontun. Min»id. New ffrwmrifft, Qtta«& IrtHiH tarMte, imemm, MMjptf, Novt Qmitc CHy. Ffiotewt, Uadaa, U Hnrt, Mvmlh, USA al pom ports nrt Imk Suva, UMi P«B, IW P®pW£®t -^cyo V Buun n AN
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      Page 48 Advertisements Column 2
      343 48 VESSEL A VESSEL UKC CONVENTIONAL. SERVICE PKL PNG P.O. LOADING FOR: 28/06 Rott«rdam/Antw«fp CHINA CONVENTIONAL SERVICE VESSEL CMNG RONG PKL 12/07 COSCO FULL CONT, 3. LOADING FOR: Guwtgzttou/Huangpu SERVICES (FCL/FCL) EXPORT TO: CMNA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned services to China Ocean
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      Page 48 Advertisements Column 3
      305 48 The StniitsTunes APPOINTMENTS lists more HIGH-TECH career advertisements. jm. Shenyang E > Fuz in Dalian Xiamen 1 CHn^ao Shantou r/i. •**> Quangzhou Shangha Ningbo fe Offer LCL FCL Express Service to Most Points in Chi For more injgnnalilUL Competitive rales and reliable semce\ mm Call Our Customer Service At Te1:227<4788.
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      Page 48 Advertisements Column 4
      148 48 EE KWONG LUNG SHIPPING PTE LTD VESSEL M V "LUCOMA" MV "THAI YANG M V "LUCONWNO 2 M V THAI HO NO 1" RECEIMK CAKOH MMM (€*m»is UP TO 30 TONS FOR ANY ENQUMS PUASI CONTACT Nrt Krtmf At«it Sfl TVAMSMARM fount t «rt Sri POKAMLAN $00 OESTMATION BINTULU. MIRI,
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      Page 49 Advertisements Column 1
      592 49 dipping tiium, rriuay June 0* 159Z HYUNDAI MERCHANT MARINE CO. LTD. Singapore Agents: MAJU BOUSTEAD SHIPPING PTE LTD TEL: *****66 FAX: *****71 TLX: R*****3 CR NO: **********0 D FULLY CONTAINERISED TRANSPACIFIC SERVICE AIL PI. MCRO AND MLB OCSTMATKMS VIA PORT LBH VIA FEEDER PACIFIC NORTH-WEST SERVICE FEEDER DETALS TO USA
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      Page 49 Advertisements Column 2
      420 49 KASTKKN AH LINKR LTD. STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS n/i is /i OUTBOUND VESSELS LOADING FOR SEWBOKU/WAC/TYO SEKI NAGOYA V7B ETA SIN PK t%/% LOADING FOR OSA/KOBE/YOKO DALIA ROJA V 5 ETA SIN 5/1 PK 1/1 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK
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      Page 49 Advertisements Column 3
      808 49 m Mflr Mitsui O.S.K. Lines. Ltd FULL CONTAINER EXPORT TO: JEDDAH/UK/CONTINENT MGA »24/325 TOKK) fITWSS V 04/126 uwmusN timss *i/vt UIWIO *14/127 stok 21 i in in in S TON HIUK RDAM liH •Mm kcipta* Cat* fm 15/7 17/7 20/7 21/7 Sauttunptan :l«* UK dntaukm Mm) ad 11/7 25/7 21/7
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      Page 49 Advertisements Column 4
      87 49 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SINMER FAX: *****64 REGULAR SERVICE FROM S PORE TO SARAWAK/SABAH/BRUNEI PORTS CR No. **********0W Receives cargo at PSA Pasir Panjang PT 10. Accepting containers, paletised/breakbufc, reefers and heavytfts of 35-45 tons. SHOREPACK FREIGHT SEHVICtS (S) PTE
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      Page 50 Advertisements Column 1
      37 50 r? Any Job. Any Career. Available Any Day. Any Time, anywhere. The Straits Times The Sunday Times business Times The New Paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN BERITA MINGGU Singapore Press Holdings
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      Page 50 Advertisements Column 2
      68 50 mwssaamr.jm I afw I M j I H I L. m m HBifflBtt OFFICERS for VICC Tanker 300,076 DWT required Captain Ch. Engr Ch. Officer 2nd Engr 2nd Officer 3rd Engr 3rd Officer 4th Engr Working experience on board tankers is essential. Please send your applications with biodatas to Attn:
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