The Business Times, 8 July 1992

Total Pages: 50
1 50 The Business Times
  • 16 1 Business Times MITA (P) 35/12/91 Wednesday, July 8, 1992 THE BUSINESS PAPER FOR S-E ASIA' 75*
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  • NEWS SUMMARY
    • 65 1 BEIJING Customs figures showed that China exported goods worth a total of U5535.61 billion (5557.7 billion) between January and June, a rise of 17.3 per cent over the same period last year, state television reported yesterday. Imports showed even faster growth, hitting U5533.06
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    • 66 1 BONN The number of unemployed in former West Germany rose last month, adding to concern that the region's economy had gone into decline in the second quarter of this year. The Federal Labour Office said yesterday that the number of west Germans out of
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    • 28 1 LEGAMEX. a major garment manufacturer in Ho Chi Minh City, hopes to be the first to privatise and sell shares to foreigners Page 3
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    • 24 1 THAILAND'S last elected premier. Chatichai Choonhavan, is expected to form a new party to contest elections in September Page 10
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    • 35 1 COUNTRIES in Asia and the Pacific want Japan, when it begins shipping highly toxic plutonium from Europe later this year, to avoid congested straits and shipping lanes through South-east Asia Page 10
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    • 28 1 MARKET reform and dcmocratisation in Russia could still be reversed in spite of initial achievements, says the European Bank for Reconstruction and Development Page H
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    • 29 1 CHIEF JUSTICE Yong Pung How yesterday launched the computer database, Caesar, which offers lawyers and researchers information on previous legal cases in Singapore and Malaysia Page 16
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    • 35 1 US SHIPPING GIANT SeaLand is expanding its trucking and port operations in Southeast Asia over the next two years in line with its optimistic view of the region's prospects. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 30 1 WALL STREET opened little changed yesterday, with the Dow Jones index of leading industrial shares rising just 1.07 points to 3,340.27 in the first five minutes of trading.
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    • 43 1 LONDON shares firmed at midday yesterday after an uneasy start saw prices fall to a three-month low. At 1125 GMT, the FTSE 100 Index was up 12.0 points to 2,481.0 points, after hitting a low of 2,467.6 earlier in the day.
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    • 35 1 STRAITS STEAMSHIP Land, DBS Land and Indonesia's Salim Group are teaming up with Khong Guan Flour Milling Pte Ltd to jointly develop a 150-unit waterfront residential project in Tanjong Rhu Page 4
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    • 26 1 LEADER Universal Cables Holdings Bhd is extending its general offer for Federal Cables Wires Metal Manufacturing Bhd by another two weeks Page 4
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    • 34 1 INSULAR LIFE, the Philippines' largest Filipino-owned insurance company, has acquired Asian Oceanic Group's 51 per cent stake in Asian Oceanic Investment House Inc for 51 million pesos (553.07 million) Page 8
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    • Article, Illustration
      29 1 Tuesday Change BT-MGA 713.13 -2.73 Kuala Lumpur 596.70 0.95 Tokyo 16.459.55 -197.52 Hongkong 5.911.92 -112.85 Svdnev 1,660.5 -3.2 VIoaday Change New York 3,339.21 +8.92 London 1.891.0 -24.5
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    • 21 1 Exchange rates USS SS 1.6145 100 Yen SS 1.2984 MS SS 0.6455 market rstes Overnight 1-1/8 -3/8 3-month 2-7/16% -1/8
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    • 38 1 London Gold AM fix USS345.80 -USS0.40 Rubber S'pore Aug I41.50*/kg -0.25 M'sia Aug 220 '/kg unch KL Tin Turnover 93 tonnes 5 Spot MS 17.64/kg -0.36 Crude pabn oil Turnover 833 lots -22 Aug MS872 /tonne +2
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  • 570 1  -  Relief for home-buyers, apprehension for some developers By Lee Han Shih IN A MOVE that has led to apprehension among some developers but spells relief for prospective home-buyers, the government yesterday announced that it would speed up its land sale
    data: URA  -  570 words
  • 482 1 Reuter KUALA LUMPUR Malaysia is considering banning cross-shareholdings between two or more companies in a bid to stop manipulation of share deals, but listed companies are opposed to the move. The Registrar of Companies (ROC) has written to business and professional bodies seeking their
    Reuter  -  482 words
  • 412 1  -  By Joseph Rajendran SINGAPORE Two local computer companies which earn most of their money overseas have decided to make their initial public offerings on foreign stock markets. Creative Technology has applied for a listing on the US secondary market Nasdaq and is
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  • 120 1 AFP, Knight-Ridder HONGKONG Stock prices slumped nearly 2 per cent yesterday after high-level talks between China and the UK foiled to reach an accord on the financing package of the multi-billion-dollar Hongkong airport project. The Hang Seng Index shed 112.85 points to
    AFP,; Knight-Ridder  -  120 words
  • 514 1  -  By Patrick Daniel SINGAPORE The Monetary Authority of Singapore has signalled that with inflation now contained under 3 per cent, the Singapore dollar could appreciate at a "more moderate" rate. In a stout defence of its exchange rate policy, MAS said inflation here
    Source: MAS  -  514 words
  • Page 1 Advertisements
    • 131 1 (MISSONI) —UOMO Made In Italy Aircraft Schedule 29 KLSE 21 TV 4 Radio 14 Commodities 28 Law 16 Unit Trusts 20 Company News 4-6 Money Changer Rates —29 Weather 29 Crypt* Crossword 29 Money Market 27 World News 11 Editorial 12 Regional News 10 World Stock Markets 26 Financial News
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    • 20 1 Hock Lock Siew: Shipping slowdown a hiccup? Pg 4 G-7 edges nearer to use of force in Balkans, Back Page
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    • 180 1 I MrKH? In By i fl REDAELLI HK governor calls on PM and SM Lee, Pg 3 MAS annual report, Pg 2 Editorial, Pg 12 pncscs lEBS 1 From now till September, charging to the Card could put you in the most exclusive seats in town. Welcome to Premier Tribute
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  • PAGE 2 NEWS
    • 416 2  -  MAS annual report 1991 By Kenneth James SINGAPORE The gap between national savings and domestic investments, in percentage terms already one of the widest in the world, looks set to widen further over the medium term. And this means the pattern of channelling Singapore
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    • 189 2 SINGAPORE There are funds a-plenty sloshing around in the money market but there is much less cash changing hands these days. Thanks to the highly successful cashless society drive, narrow money or Ml (cash and demand deposits) has been growing more slowly than
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    • 343 2  -  By Amy Balan SINGAPORE The strong Singapore dollar may have done wonders to keep inflation at bay but it also appears to have wreaked havoc on the Monetary Authority of Singapore's profit and loss account. The guardian of the Singapore dollar reported a profit of
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    • 377 2 SINGAPORE THE Monetary Authority of Singapore, in its latest annual report, has reiterated the need for strict supervisory policies and the setting of high standards for the financial sector. This year's report, however, has gone a little further in terms of elucidating
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    • SNIPPETS
      • 56 2 SINGAPORE'S national savings bank continues to grow. A net 187,598 new savings accounts were opened with POSBank during the year, bringing the total to four million, or about four accounts for every three persons in Singapore, including babies and foreign maids. In the first quarter of 1992, a
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      • 81 2 IF YOU have not noticed, Automated Teller Machines break down less often these days. An MAS survey shows the average downtime (when machines are not accessible for withdrawal service) for ATMs of local banks Big Four plus POSBank was 10.4 hours per ATM per month or 1.4 per
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      • 62 2 AS AT end-1991, there were 1,129 ATMs in Singapore against 992 the year before. POSB alone installed 75 ATMS in 1991, bringing its total to 540. As at end-March 1992, foreign banks had installed 626 electronic terminals at their corporate clients' premises. These terminals are used to
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      • 55 2 LOAN syndication revived in the second half of 1991 after a lull in the first half caused by the after-effects of the Gulf War. For the whole of 1991, 84 applications totalling $4.7 billion were approved under the tax exemption scheme for offshore loans, compared with 62 applications
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      • 44 2 SOME SSI4 billion worth of non-S$ stocks were traded in 1991, 30 per cent lower than the volume traded in 1990 and 47.2 per cent lower than in 1989. The drop was due to depressed conditions in the major markets, particularly Japan.
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    • 646 3  -  But S'pore traders adopting a wait-and-see attitude By Yang Razali Kassim, Lilian Ang,Schutz Lee SINGAPORE Indonesia's latest economic reforms, which have opened up the steel industry and further eased rules on foreign investment, will boost Jakarta's competitive edge against reforming Asian economies such
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    • 151 3 AFP JAKARTA Indonesia recorded a 47.6 per cent drop in foreign investment approved here during the first five months of 1992, press reports in the capital said yesterday. The Merdeka daily quoted Sanyoto Sastrowardoyo, chairman of the Investment Coordination Agency (BKPM), as saying foreign
      AFP  -  151 words
    • 552 3 Legamex wants to sell shares to foreigners Reuter HO CHI MINH CITY When Vietnam's communist government allows stateowned companies to privatise and sell shares to foreigners, a major garment manufacturer in Ho Chi Minh City says it wants to be the
      Reuter  -  552 words
    • 334 3  -  By Salil Tripathi SINGAPORE If Hongkong's governor-designate Christopher Patten needed a reminder of how delicate his task would be, he got one yesterday during a 90-minute meeting with Senior Minister Lee Kuan Yew. After that talk, Mr Lee, pressed by Hongkong reporters,
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    • 279 3 SINGAPORE The Defence Ministry, keen to draw Singapore's talented young women into its officer ranks, is opening the SAF Merit Scholarship scheme to women. So far these scholarships have only been for men. Announcing the new scheme yesterday, Teo Ming Kian, Second Permanent Secretary for
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  • Page 2 Advertisements
    • 157 2 11 ACMA Mobile Split-Airconditioner Makes Coolness a Moving Experience. Now you can stay cool wherever you are with the Acma SP 2200 mobile airconditioner. Compact and wheel-mounted, you can move it anywhere from room to room, office to office. And with 8,500 BTU, the Acma SP 2200 can cool any
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    • 238 2 I 4th International Petrochemical Conference I 17-18 September 1992, Raffles City Convention Centre, Singapore I Petrochemicals Into the Next Century I National Petroleum/Petrochemical Companies' I Downstream Integration: Impact on Trade Private Manufacturers H I Development of End-User Industries: the Effect on the Petrochemical Industry I Environmental Care and the Development
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  • Page 3 Advertisements
    • 174 3 Ipswich City Square Major tenants include is the premier retail McDonnell East in this established Department Store, city in the heart of Woolworths South East Queensland, Supermarket just 40 kilometres west Errol Stewarts, of the Brisbane GPO. gg&g^gflKorvette and Excellent access to transport 79 speciality stores n _i majority national
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    • 128 3 The rare perfection of Patek Philippe at The Hour Glass. IH ,;A a should Quisite features that hallmark be a relaxed and comfortable each Especially when you're collection. considering the per- ourselves connoisseurs. And Philippe our fellow The Hour you're /~~N collectors. to the charm in- A vl/ Which true
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  • COMPANY NEWS 1
    • 385 4  -  DBS Land, Salim, Khong Guan also involved in residential project By Colin Tan SINGAPORE Straits Steamship Land, DBS Land and Indonesia's Salim Group are teaming up with Khong Guan Flour Milling Ltd to jointly develop a 150-unit waterfront residential project in
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    • 333 4 SINGAPORE One of Singapore's oldest companies, 93-year-old Cycle Carriage Ltd, adopted a new corporate logo yesterday, saying its new identity marks the start of its quest for multinational status which it hopes to achieve by the end of the decade. Unveiling the
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    • 391 4  -  M Lilian Ang SINGAPORE Sembawang Projects Engineering (Sempec), which has been expanding rapidly in the last four years, has projected that its turnover will double to about $150 million this year. The Sembawang subsidiary's confidence is underpinned by an impressive track record, and
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    • COMPANY BRIEFS
      • 55 4 SINGAPORE CSA Holdings Ltd has bought a 25 per cent stake in US-based Axis Systems International Ltd for US$4OO,OOO (*****,000). CSA has the option to buy another 30 per cent of Axis shares. CSA said in a statement the acquisition would open doors
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      • 55 4 SINGAPORE Marine-based Hai Sun Hup Group Ltd has ordered the second of five new vessels which it will finance through a US$39 million (5562.8 million) bond-cum-warrant issue. The company said yesterday that it awarded Ang Sin Liu Construction a contract to build a 3,900-deadweight-tonne
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      • 56 4 SINGAPORE Kay Hian James Capel Holdings Ltd (KHJC) yesterday announced that it had formed an investment trading subsidiary, Kay Hian James Capel Trading Pte Ltd. The subsidiary has an authorised capital of $250,000 and an issued capital of $2. The directors are Messrs Wee Ee Chao,
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    • 517 4  -  From Leslie Lopez in KUALA LUMPUR TO BUY time rather than sweeten its takeover bid for Malaysia's Federal Cables Wires Metal Manufacturing Bhd, Leader Universal Cables Holdings Bhd said it is extending its general offer by another two weeks.
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    • 273 4  -  LETTER TO THE EDIfOR Tan Siew Khoon Senior Vice-President Temasek HoMpir (Pte) Ltd V MR LEE Han Shih, writing in The Hock Lock Siew Column in BT yesterday (July 7), pronounced Temasek's answer to his question "not satisfactory". He went on
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    • 492 4  -  THE HOCK LOCK SIEW COLUMN By Rahita Elias SINGAPORE A consensus seems to have emerged among investment analysts: stay off shipping and marine stocks. The result has been a steady erosion in the prices of stocks in this sector. True,
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    • 447 5 Focus will be mainly on property, high-tech companies South China Morning Post HONGKONG China Merchants Holding is to team up with subsidiary Union Bank to invest in mainland companies after another subsidiary, paint manufacturer Hai Hong Holdings Co, saw its share
      South China Morning Post  -  447 words
    • 444 5 FT HONGKONG Dickson Concepts, the wholesaler and retailer of designer luxup' goods which last year paid £57 million (S$ i 77 million) for Harvey Nichols, the fashionable London department store, appears to be staging a comeback after its recent unfavourable showing on
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    • 354 5 South China Morning Post HONGKONG Taking advantage of changes in Chinese policy, retailers Sincere Co and Wing On are set to announce their return to Shanghai to tap the fastgrowing consumer spending power. Sincere has signed a joint-venture agreement with a
      South China Morning Post  -  354 words
    • COMPANY BRIEFS
      • 71 5 TOKYO Japan's Sanyo Electric Co Ltd said yesterday that it has sued Texas Instruments Inc of the US for alleged violations of anti-trust laws and breach of contract for failing to negotiate in good faith. The suit, filed in the US District Court in San Francisco
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      • 64 5 TOKYO Real-estate developer Shuwa Corp has put up part of its stake in Isetan Co Ltd with construction firm Kumagai Gumi as collateral. The 650,000 Isetan shares are worth about one billion yen (5512.9 million). A Kumagai spokesman yesterday said the collateral covered Shuwa's dues to
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      • 77 5 MANILA The Philippine government may privatise the official Philippine News Agency (PNA) to improve its deteriorating operations. Press Secretary Rod Reyes, who oversees the government's 3,000-man print and broadcast machinery, yesterday said privatisation was one of several options being considered for the PNA, which was
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      • 80 5 TOKYO Furukawa Battery Co Ltd has set up a joint venture in Bangkok to produce batteries for cars and motorcycles, a company spokesman said yesterday. The new company, called Siam Furukawa Battery Co Ltd, is capitalised at 7. SO million baht (S$480,000) and is 60 per
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    • 332 5 Case is between creditors and one of Bentoel's shareholders: Prawiro AFP JAKARTA Despite the anger of some powerful foreign bankers and their warning that Indonesia could bell urt as a result, the government appears little inclined to come to the aid of cigarette
      AFP  -  332 words
    • COMPANY BRIEFS
      • 72 6 NEW DELHI Indian stock exchanges will begin listing within one week shares of public sector firms disinvested by the government, Minister of State for Industries P K Thungon said yesterday. New Delhi disinvested more than US$l.l billion (SSI.7 billion) in equity in select profit-making
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      • 66 6 MILAN ENI, the state-owned Italian energy and chemicals group, plans eventually to sell more than 50 per cent of the shares in Agip and Snam, its petroleum and natural gas subsidiaries. ENI hopes to raise a minimum of US$2 billion (553.3 billion) by
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      • 59 6 AKRON. Ohio Goodyear Tire Rubber Co Chief Executive Stanley Gault said he expects the company's second quarter net income to be at the high end of analysts' estimates of US$l.25 (S$ 1.37) to US$l.4O per share. He also said Goodyear stands a good chance of
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      • 48 6 MAYNARD, Massachusetts In an attempt to give its computer sales a lift. Digital Equipment Corp yesterday introduced a completely new line of what it is calling "Alpha ready" VAX machines in Zurich. A similar announcement is scheduled in the United States for July 15.
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    • 497 6 Reuter, FT WASHINGTON A company controlled by the French government on Monday withdrew its US$45O million (***** million) bid for the missile division of steelmaker LTV Corp, following heavy US opposition to the purchase on national security grounds, the federal government announced. LTV
      Reuter,; FT  -  497 words
    • 409 6 Reuter DRESDEN Electronics group Siemens AG said sales in the first eight months of 1991/92 rose 7 per cent, but cutting losses at its computer and semiconductor divisions is proving slower than planned. And profits are under pressure. For the second year
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    • 486 6 But weak demand will depress earnings this year Reuter TOKYO Profits of Bridgestone Corp, Japan's biggest tyre-maker, will fall this year, due to weak demand from its biggest customers but recover in 1993 as the economy improves, analysts and company officials said. They
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    • 520 6 Reuter OSAKA A group of eager Japanese brokers attend Nui Onoue's regular Sunday seance, bombarding her with recommendations about whether to buy or sell shares. The elderly restaurant owner, major market player and sometime mystic double checks their suggestions with the gods. "The
      Reuter  -  520 words
    • 437 6 Reuter SAN FRANCISCO Microsoft Corp has released early versions of its long-awaited and ambitious Windows NT computer program, meant to take the company into markets for much more powerful systems. The Windows program, originally designed for the desktop computer, will now run on
      Reuter  -  437 words
    • 259 6 Reuter LONDON Britain's industrial holding company Pentland Group pic said yesterday it agreed to obtain a 95 per cent stake in German sports gear company Adidas AG. The company will buy die stake from the crumbling sports business empire of French
      Reuter  -  259 words
  • Page 4 Advertisements
    • 534 4 Tokyo loses ground 24 S'pore awaits new leads 18 jMIHMMMWIHIMMiMmMIIMMMIM fi MANAGEMENT H t tmtvfrqtty development ■I rtrihki I INI vcivoi i i INSTITUTE Iff tJ of EAST LONDON OF SINGAPORE H 1956 E3 (A NON-PROFIT PROFESSIONAL ORGANISATION H I MASTER OF BUSINESS S A? ADMINISTRATION wk fy IN STRATEGIC
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    • 23 4 If you're r planning tor an axoiting caraar move, Tlw Straits Times APPOINTMENTS ia juat tha placato atart looking for that parfact poaiHon.
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  • Page 5 Advertisements
    • 89 5 BLACK. AS ENGINEERED BY PARKER. EACH NEW PARKER INSIGNIA BALLPEN OR PENCIL IS SUBJECTED TO EXHAUSTIVE AND RIGOROUS EXAMINATION. THE BRASS BODY. ONCE SHAPED. IS SANDBLASTED AND LAVISHED WITH A MATTE BLACK EPOXY RESIN. THEN FASTIDIOUSLY TRIMMED WITH LUSTROUS I4K GOLD. PATENTED BY PARKER.(EVEN THE CLIP IS TESTED 25.000 TIMES
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  • Page 6 Advertisements
    • 312 6 -X-4 jTKj METRO METRO HOLOINGSLIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING J NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of the Company will be held at 65 Chulia Street #33-00, OCBC Centre, Singapore 0104 on Friday, 24 July 1992 at 12.00 noon
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  • Page 7 Advertisements
    • 304 7 319 1 I To persuade you to j computerize your business 1 before September 30th, !Tf we decided to abandon the I i technospeak and use the kind of language everyone understands: i I If you've been dragging your heels when it attractive leasing arrangements. whether you know a lot
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 112 8 MANILA The Philippines' commercial banks suffered a 27.52 per cent drop in their net income in the first quarter of 1992 due largely to dollar speculation. The Malaya newspaper said that at least 15 of the country's 31 commercial banks suffered declining profits
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      • 92 8 SEOUL South Korea's Finance Ministry has given the go-ahead for Bankers Trust International, a unit of Bankers Trust New York Corp, to upgrade its liaison office in Seoul to full branch status, a ministry official said. The branch, which starts operations immediately, will have 20
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      • 132 8 MEXICO CITY The Mexican government on Monday privatised the last of the banks that were nationalised in a 1982 sweep, selling the Banco del Centro for about US$29O million (Ss47o million), the treasury ministry announced. The bank, which was sold to the Grupo Multivalores, was the
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      • 80 8 SAN DIEGO US government regulators reluctantly seized Home Fed Bank on Monday, three months after putting the insolvent thrift under an accelerated sale programme designed to avoid a government takeover. In announcing the takeover of America's eighth largest thrift, the Office of Thrift Supervision blamed Congress
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      • 118 8 BANGKOK Thailand's criminal court yesterday sentenced a former commercial bank president to 20 years in prison for illegally approving loans worth US$25 million (5540.5 million). Tamchai Kambhato, a former president of the state-run Krung Thai Bank, extended the loans to two Hongkong-based firms between
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    • 546 8  -  Insular Life pays 51m pesos for Asian Oceanic Group's 5 lpc stake From Al O Labita in MANILA INSULAR LIFE, the Philippines' largest Filipino-owned insurance company, has acquired the Asian Oceanic Group's 51 per cent stake in Asian Oceanic Investment House Inc
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    • 328 8 Reuter AUCKLAND New Zealand's ASB Bank has fired the first shot in the battle for lower lending rates and others seem set to follow despite complaining about high deposit rates. Auckland-based ASB said yesterday it would cut its key lending rates by
      Reuter  -  328 words
    • 599 8 Competition for capital intensifies around the world IHT LONDON The pullback in 1990 was only a pause. Foreign corporations have resumed their rush to the United States to sell tens of billions of dollars worth of stocks and bonds to American
      IHT  -  599 words
    • 387 8  -  By Dawn Tan SINGAPORE PT Astra International Inc, the holding company of Indonesia's sec-ond-largest business group, is tapping the offshore capital markets for US$lOO million (S$ 162 million) amid a tightening by international banks on loans to Indonesian companies. The loan will come
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    • 304 8 FT NEW DELHI India's leading foreign banks were thrust to the forefront of the Bombay financial scandal on Monday when a central bank report claimed that controversial securities market trading had been concentrated in their hands and in those of four brokers
      FT  -  304 words
  • Page 8 Advertisements
    • 420 8 I TRANSMARCO LIMITED I (Incorporated in the Republic of Singapore) I NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 65 Chulia Street #33-00, OCBC Centre, Singapore 0104 on Friday, 24 July 1992 at 11.30 am for the
      420 words
    • 232 8 (Incorporated in the Republic of Singapore) Notice of Annual General Meeting NOTICE IS HEREBY GIVEN that the Thirteenth Annual General Meeting of Rothmans Industries Limited will be held at the Registered Office of the Company, Virginia Park, 905 Bukit Timah Road, Singapore 2158, on Thursday 30 July 1992 at 11.30
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  • Page 9 Advertisements
    • 143 9 A better understanding of derivatives often leads to an enhanced investment yield. Today, sophisticated investors are using derivatives to enhance returns in a variety of ways. By hedging downside risk. By combining risk protection with upside potential. By making tactical adjustments without having to buy or sell securities. You can
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  • THE REGION
    • NOTE BOOK
      • 81 10 JAKARTA A senior Indonesian air force officer said the US must consider whether it would hurt its strategic interests in South-east Asia if it went ahead with cuts in military aid, the Armed Forces daily reported yesterday. The Angkatan Bersenjata quoted
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      • 48 10 JAKARTA Indonesia and Tunisia yesterday signed an umbrella agreement on economic, technical and scientific co-operation between the two countries. "The signing of this agreement is another effort of our two governments' intention to enhance relations," Indonesian acting Foreign Minister Benny Murdani said after the ceremony.
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      • 75 10 HANOI Less than half of the 10,000 Vietnamese state enterprises that reported debts in April 1991 have made payments, and many of the others have stopped operating, an official newspaper said on Monday. The army daily Quan Doi Nhan Dan said 10,000 companies reported
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      • 62 10 HANOI Inflation in Vietnam reached 67 per cent in 1991 but should be brought down to between 30 and 40 per cent this year, the Quan Doi Nhan Dan said yesterday. "One of the country's most important tasks is to control inflation," the newspaper
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      • 68 10 BANGKOK Irregular rainfall, a shortage of seeds, and harassment by the Khmer Rouge could keep Cambodia from cultivating as much rice as it planned, the government says. The goal was two million ha of rice, but so far this season, only 48,200 have been sown,
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    • 399 10 IHT SINGAPORE Countries in Asia and the Pacific, alarmed at the possibility of an environmental disaster, want Japan to use an ocean route that is well away from population centres when it begins shipping highly toxic plutonium from Europe later this year. Emil Salim. the
      IHT  -  399 words
    • 464 10 Reuter BANGKOK Thailand's last elected prime minister, Chatichai Choonhavan, is planning to form a new party to contest elections in September, said an aide yesterday. "He will announce on Sunday his new party called Chart Pattana (Develop the Nation)," said the aide,
      Reuter  -  464 words
    • 475 10 Reuter, AFP, AP MANILA Philippine President Fidel Ramos said on Monday that he was considering converting a controversial US-built nuclear power plant into a conventional power scheme. "It will be converted into, I think, a combined cycle (plant)... there is too much emotion involved.
      Reuter,; AFP,; AP  -  475 words
    • 476 10 Hundreds still not found after May political unrest AP BANGKOK Prime Minister Anand Panyarachun, criticised for failing to find the hundreds of people missing after the political violence in May, was expected to press his Cabinet at its meeting yesterday to speed
      AP  -  476 words
    • 522 10 Smoke acting as an umbrella over planet AP WASHINGTON Dust and chemicals from last year's eruption of Mount Pinatubo in the Philippines have cooled the Earth significantly by blocking incoming sunlight, a government scientist reports. The planet's average temperature dipped about one deg Fahrenheit
      AP  -  522 words
    • 274 10  -  Commentary By Evangeline Gamboa 1 BUMPED into my old friend Buchwald yesterday and without preamble, he began another imaginary conversation: "I heard you just came from the earth summit. What happened?" "Well," I replied, "one could say not much. But after all the conferences, the delegates
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  • Page 10 Advertisements
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  • THE WORLD
    • 370 11 Recession unlikely to end this yean bank report Reuter LONDON Market reform and democratisation in Russia could still be reversed in spite of initial achievements, according to a report by the European Bank for Reconstruction and Development (EBRD). The report, prepared by the bank's
      Reuter  -  370 words
    • 324 11 Reuter MUNICH The west European economy will grow only hesitantly this year but will expand more rapidly from 1993, the IFO economic research institute says. With the exception of Finland, the industrialised countries of western Europe can expect average
      Reuter  -  324 words
    • WORLD WATCH
      • 104 11 LONDON The UK economy faces a period of weak growth after an overall decline this year, an independent economic forecasting group said on Monday. The Ernst and Young Item Club, (Independent Treasury Economic Modelling) said the economy's weakness in the first six months of
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      • 102 11 SEOUL South Korea tried to jump-start the stalled detente process with North Korea yesterday with a proposal to reunite 10 million people separated from their families by four decades of Cold War. Seoul also demanded the return of 278 South Koreans it says have been
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      • 63 11 LONDON Structural reform in Poland is currently languishing as a result of political stalemate, according to a report issued by the European Bank for Reconstruction and Development. "The economic situation is still precarious, although a little more assured, at least in terms of policy direction than it
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      • 67 11 CAIRO The International Monetary Fund (IMF) has postponed an unfavourable review of Egypt's economic reforms to give Cairo more time to meet its reform commitments, Western diplomats said. The IMF board last month delayed reviewing the report of a team which visited Egypt in May.
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      • 54 11 JOHANNESBURG A judicial commission on Monday cleared President F W de Klerk and members of his Cabinet and security forces of direct involvement in South Africa s township violence. But the African National Congress (ANC) refused to accept the commission's verdict, which contradicted its main charge
        54 words
    • 433 11 FT MOSCOW Russia has undertaken to make sharp cuts in its projected budget deficit and its inflation rate by the end of December in order to secure a deal unblocking its first International Monetary Fund (IMF) credit of US$l billion
      FT  -  433 words
  • Page 11 Advertisements
    • 55 11 NEWI Vctnam Chambek O Comawce And Industvy Busness DRECKXY 900 PAGES HK$3B2 (Co*m+ ki fi^*ih mniVTIII«iiW Vietnamese-English Phrase Book wkh tpeckl bminen tnwd KMQB: HKS72 frtow Indud* Mirfaca portog* podnging. Pbyabb In HK or «quKaiM4 in US dofcxi only to Bto InvwHwnh bd. AMBMCAH IXMtfSS ocopfd) •w hm*** IK W
      55 words
    • 141 11 IF YOU THINK ANOTHER COMPANY CAN TRACK YOUR PACKAGE LIKE FEDERAL EXPRESS, JUST WAIT. AND WAIT. AND WAIT. AND WAIT. f t It's incredible what some companies call a tracking system these days. Many of our competitors can't tell you where your package is until hours after it's been delivered.
      141 words

  • 467 12 EDITORIAL INFLATION has always been the dragon that central banks seek to slay. In the latest annual report of the Monetary Authority of Singapore, the beast is tackled with a passion that indicates clearly there will be no compromise on this task. Dr Richard Hu, MAS chairman and
    467 words
  • WHAT THE OTHERS SAY
    • 212 12 THE Singapore stock market may never know for certain what it was that prompted Singapore Airlines to make the surprise move of recommending to Temasek Holdings to abstain from voting on a proposed bonus issue. What is sure is that it is a welcome step.
      212 words
    • 167 12 THE RECENT DEVELOPMENTS in the Spratly Islands have caused concern for the peace and security of South-east Asia. There is a danger of an arms race that can lead to more tension in the area. For the sake of peace, security and progress in this region,
      167 words
    • 158 12 THE MAIN REASON for people shunning night work is probably the disruption of family and social life. The other concern of workers that warrants attention is the effect of night work on their physical and mental health. That we need to pay attention to the question
      158 words
  • REGIONAL VIEWPOINTS
    • 214 12 MAJOR-GENERAL Cham long Srimuang made a shrewd move over the weekend by letting the Palang Dharma Party plug him as their candidate for the premiership in the upcoming election campaign. Had he stuck by his vow not to accept any Cabinet posts in the immediate future given his
      214 words
    • 159 12 THE COMMITMENT to democracy demonstrated by the recent Philippines elections is heartening. Former president Corazon Aquino and all candidates including winner Fidel Ramos showed a democratic spirit. Gen Ramos would do well to reconsider his decision to spend on military buildups. He should look forward to
      159 words
    • 127 12 THIS YEAR, Russian President Boris Yeltsin will be in Munich to seek, among other things, a moratorium of up to two years on interest and principal payments on Russia's US$74 billion debt. Yeltsin will also be trying to secure the release of a USS24
      127 words
  • 697 12 A surge of private enterprise and foreign investment has nearly tripled the number of Latin American fortunes on Forbes' annual billionaires list AP LATIN America, once a sinkhole of Third World debt and now a hotbed of free-mar-ket capitalism, has emerged as the world's
    AP  -  697 words
  • Page 12 Advertisements
    • 27 12 n H! Access computer users ill and enthusiasts with jfc "Computermart". The Straits Times Classified on July 17. It's KM where prospects will be looking for product
      27 words
  • Page 12 Miscellaneous

  • ANALYSIS
    • 906 13  -  William Broad discusses how private industrial research in the US has been affected by the 1980s merger blitz William Broad NYT SCIENTIFIC RESEARCH by private industry the traditional powerhouse of innovation and technological leadership in the United States is suffering deeper Financial woes
      NYT  -  906 words
    • 1140 13  -  It's as easy as ABC. Or is it? Especially when that acronym stands for activity-based costing. Anna Teo mentions this tool as she examines local efforts at boosting all-round productivity with subtle emphasis on office workers' performance Anna Teo UNLIKE corporate America, companies in Singapore
      1,140 words
    • 630 13 IT'S NO GOOD tracking something you can't quite measure. But is the measurement of white-collar productivity all that elusive? Productivity pundits who have put their minds to the subject talk of work classification and performance measures. The different types of whitecollar jobs clerical, support,
      630 words

  • Page 14 Advertisements
    • 1324 14 Nothing Beafts A EtadliSl WHERE TO WINE, DINE... I^—l IJOMIHE NSHRS mmm AND HAVE AMU I Only at Subway can you play old English pub I games like Push Penny, Table Skittles, BackI gammon and Electronic Darts. What's more, I our Happy Hour beer prices at $3 a glass I
      1,324 words
  • Page 14 Miscellaneous
    • 569 14 TELEVISION AND RADIO A 11 A 1 *au«i»JBflllld»™ 10.30 Witi»l«y Or 5 Luigi's dream of becoming nch and 1 _A well-r especte d |*"gg* Utfi lain 10.30 ml SBC 5 (Last ep). Opening followed by Naa- ijf Ml ChM. B.IBOK Financial News 1990 whh V/endy JEST""™' Maricet Rep ort Sand/Gore
      569 words

  • LIFESTYLE
    • 554 15 Restaurant ships, not unlike Singapore's Equator Dream, are the latest cruise craze out on Tokyo Bay Asahi PASSENGER boats that offer meals during short cruises in Tokyo Bay are luring customers. "Not everyone can afford long, costly cruises, but short ones are popular among couples and
      Asahi  -  554 words
    • 682 15  -  Magdalene Phang reviews a concert by the official choir of the City of Adelaide Magdalene Phang THE Corinthian Singers of Adelaide popped into town for a one-night performance on Monday as part of their two-week concert tour of South-east Asia. Conducted by musical director Timothy Sexton, the amateur
      682 words
    • 386 15 BARBRA STREISAND, Goldie Hawn, Cybill Shepherd, Dion ne Warwick, Lily Tomlin and other politically active US stars are raising thousands of dollars for Democratic women running for the US Senate. Some of them are also pursuing a favourite Hollywood pastime these days: making
      386 words
    • 79 15 NEW YORK Actress Demi Moore appearing on the cover of the August 1992 issue of Vanity Fair magazine, the last issue that will be published under the leadership of editor Tina Brown. Brown is leaving to join the New Yorker magazine staff. Moore, already famous for
      79 words
  • Page 15 Advertisements
    • 232 15 AND ENTERTAIN r— HnnKr SUMPTUOUS SEAFOOD The freshest Catch-from-the-sea prepared in authentic ASEAN-style. Buffet Dinner is available nightly from 8-31 July 1992 7.00 pm to 10.30 pm ANA HOTEL For reservations please call SINGAPORE 732-1222 ext 1700 7/u uUtuiC fKC eXftlifuA' V VIA CONCORDE. n two return air tickets lo
      232 words
    • 124 15 In addition to all the after delights on the menu at Singapore'* largest Rohatayaki Counter, you could win a trip (or two to Paradise. For every $50 you spend on lunch or dinner at the Hide-Q, vou'll receive a lucky draw coupon that could win you Air Lanka return economy
      124 words

  • THE LAW PAGE
    • 705 16  -  Ramesh Divyanathan reports on the latest step taken to bring the Singapore legal profession into the computer age while Josh Kurtz looks at a computer system that is designed to help US lawyers save time and money Ramesh Divyanathan, Josh Kurtz LAWYERS
      705 words
    • 1168 16 NYT DESPITE the high drama, portrayed in LA Law and a spate of recent courtroom movies, most people in the legal profession in the US spend the bulk of their time grappling with paperwork. But that may be changing. In the past
      NYT  -  1,168 words
  • Page 16 Advertisements
    • 71 16 «SPP^ Ji,i -i -1 < a^gqS»<WSg.if9jj3dMßK,ejJß^^^BW^^^^^^^WßMJlff i i i j.jy 1 j V&"V- |p v —*l i f- > w Cfß riMHMMiMiintAiM «>-H ->- A :W/ lIMIM AMMMJUHMMIMI. ilt> '<* i IMMA l.wtoWW. jfll'v H Timet. London <%£*?' *WV (jft *Aoum mam upearoff toool Q)tu*Ai/l Mazer. Got* untA A**^trmtdtiamt/ seat
      71 words

  • SPORTS
    • 767 17 NYT NEW YORK An Olympic crew from the United States has developed a unique way of honing its sailing skills before the Summer Games in Barcelona, Spain. Instead of depending on team-mates to tune up against, the Soling Class crew has arranged for a
      NYT  -  767 words
    • 308 17 AP VILLENEUVE D'ASCQ, France Frankie Fredericks of Namibia sprinted to a fast albeit wind-aided 100-200 double victory on Monday at the BNP Grand Prix track and field meet. Fredericks raced to a 9.91 second clocking in the 100 metres, beating United States Olympic trial
      AP  -  308 words
    • SIDE LINES
      • 96 17 LONDON Daley Thompson will make a final attempt to qualify for a fifth Olympic Games decathlon tomorrow at an arranged meet in London, coach Frank Dick said on Monday. Thompson, the world decathlon record holder and Olympic gold medallist in Moscow and Los Angeles,
        96 words
      • 70 17 PAU, France Richard Virenque of France gained the leader's yellow jersey as the Tour de France returned to its home country on Monday after a weekend in Spain. Virenque, a second-year pro for the RMO team, was part of a breakaway with Javier Muiguialday of Spain
        70 words
      • 129 17 HOLLYWOOD Boxing great Muhammad Ali, two-sport! star Bo Jackson and long jump king Mike Powell were among those honoured on Monday night on the first "Jim Thorpe Pro Sports Awards". The show saluted athletes in 10 fategories for their performances in 1991. Forty panelists 16 journalists and
        129 words
      • 27 17 BOIPATONG, South Africa After 29 years, South Africa was to rejoin the international soccer community yesterday when it played 1990 World Cup quarter-finalist Cameroon.
        27 words
  • Page 17 Advertisements
    • 89 17 Jr Myd CvkmSus-y^ or to supply Kim with ihips) we even throw in a bottle J S that muck eatier. fl of champagne to give your craft the fend off it J And Columbu«, you mm Drop hy our head office Lave to go down on bended knee over ten
      89 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3956 18  -  By William Chia SHARE PRICES on the Singapore stock market closed lower in featureless trade yesterday as investors stayed sidelined in the absence of fresh leads from major bourses overseas. Brokers said Japan provided little direction yesterday as investors awaited for news from
      3,956 words
    • Article, Illustration
      79 18  -  By Anthony Peng Comment WING TAI looks in danger of heading for a short-term downtrend. Its price has cnt Mow the 9-week moving average, and a downside risk of 20 cents can be expected. The 13-week RSI, which has made a reversal from the 90s level, also points
      SOURCE: BRIDGE INFO  -  79 words

  • 3115 19 GE Life 1150 30 2.7* B Sembawang 803 +20 +2.5% j FAN 1090 20 +1.9% i Scmb Shipyard 775 +15 +2.0% Inchcape 600 +10 +1.7% Spore Bus 500 610 +10 +1.7% I betan 50* 492 6 +1.2% i C4C 635 +5 +0.8% Eu Yan Sang
    3,115 words
  • Page 19 Advertisements
    • 126 19 Wl YOUR KEY TO BETTER BUSINESS DECISIONS! Shine is Singapore Press Holdings' infonch database financial statements 6c highlights, graphs, latest results team: T. S. Liu on 740 1035, Hazel Ongon 740 1771 on Teleview, which incidentally is the most advanced and company news. or Tony Chia videotext system in the
      126 words

  • 3323 20 Samaada Hktas 190 +17 +9.8* Unrphoenix 114 +9 +8.6* H Leon lad 50* 496 +6 +1.2* M Cfemat 50* 244 +6 2.5* MCB Hkta SO* 9i% +6 +6.5* MMST 46 +5% +13.6* Hldgs 117 +5 +4.5* Ganda Hldgs 19 +3 +3.5* Pius H 93% +3
    3,323 words
  • Page 20 Advertisements
    • 218 20 Someone dose has HtggU|3H beenlving Your son in Canada is studying fcrsomeyears. HfrfH overseas. You jf^ enup BPffpH And you ■nKMIKfI him letters. want him TheStratts Times HU|L|l=g|H close to home Weekly tels it bettet -with news (Hen Jo* PWfffiWffS from home. comeback after readbigaM HMjMjkH the good news.) To
      218 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5229 21 Bernama A BUYING frenzy for second and third liners by retail investors helped share prices on the Kuala Lumpur Stock Exchange to end higher in active trading yesterday. The KLSE Composite Index edged up 0.95 of a point to 596.70 while the Industrial
      Bernama  -  5,229 words

  • BT SHARE INFORMATION SERVICE
    • 214 22 Ciwhiij Oato Vaar 6tm» Nat Nat aarntagt firm mm to pram/tots (L) par sfcara ('•00) (canto) B Sembawang M 6 Mar 92 SI7.167($4,251) 71.5(17.7) 35|(35|) Low Kent Hnat Jul 3 Jan 92 $6.276($7,851) 9.2(10.9) Inno Pacific Jun 30 Dec 91 $14.375L($9.187L) -(1) Sunshine ANied Jun 29 Dec 91
      214 words
    • 219 22 Cwhd Date Year Group pre-tax Nat earnings Grass ann to profit/Whs (L) par share dividend ('000) (cants) GP Batteries Jul 2 Iter 92 515.492(514.186) 41.3(479) 188TE(176TE) IMC HWgs Jul 2 Mar 92 5183dg(5198dg) 52(56) 40(40) Petan* BM Jul 1 Mar 92 M537,824(522.583) 11(9) 15(10) Pertama Jun 30 Mar
      219 words
    • 157 22 Company Data Half-year Croup pre-tax Interim •mi to profit/loss (L) dividend (-000) M Cement Jut 6 Ma, 92 M$36.539<$37,272) 18(16) Asa Pacific Jun 26 Mar 92 $63.038($59.214) WI<10N) f&N Jun 26 Mar 92 $99,550(589.232 9.2(9.2) Pacific Can Jun 26 Mar 92 $2.034l($30) Van der Horst Jun 26 Mar
      157 words
    • 123 22 Mi Bori Last hi Tear Forecast Mi Net M Prdi EPS ■d Tor EPS Crass preK bv N« tan Mid Mjr lets) *r (SIN) (SSa) CM Last Fri Tear Frecast Mi Drt MPirtK EPS Md Tmt EPS Grass prrtN tap tap Ummi NW Mjr (cts) (TNI) OB") MM
      123 words
    • 758 22 MM Urt M 1m tan PmM Bate Year EPS Cms M aMKcd ea*g (cts) praAt MH (srm) OB final Nov 6 Jul 91 3 OTE 17.8781 C h If till Interim Jul 11 Dec 92 23.1 50 0 6.943 hat Rnm Interim Jul 24 Dec 92 10
      758 words
    • 883 22 Ourt Ex leeks Me TM fcr Tetel hr payaieat Me deee peyaMe tfce yeer tat year Alei Mdp 50c 61(b) Aug 26 Sep 7 Sep 24 61 6% Amcot 25c 10* Aug 21 Aug 27 Sep 10 10% 10% Apofe 2 5% Jun 3 Jun 16 Ad 23
      883 words
    • 741 22 Tram Registered Substantial Bay/ Mo. t* Aiaaaat Sharifcilltai Stack Data HaMar SharakaMar/Mractar Sad shares Mara After SPH 04/07/92 OCBC Ltd S 27.000 224.100 22.893.S32 9 41 22.866,532 9 40 SPH 03/07/92 0C8C Ltd S 46,000 384.100 22.939.532 9 43 22.893.532 9.41 SM 02/07/92 Temasek Holdings (Pte) Ltd
      741 words
    • 504 22 Ml Low Kmc Hut (S) LM has made its first major foray overseas by entering into a hotel joint venture with the Vietnamese tourism authority. The joint venture, to be undertaken by LKHS' wholy owned subsidiary Dalton Investment is estimated to be between US$l5 mSon and US$l7 million
      504 words
    • 504 22 Ctiwpiwy Rights htm DftC la* One-tor-two e MSI25 per stare Ei-da* Jun 2 Books dose kr 17 Acceptance i Payment kd 30 Ea Van San( Three-tor-one fe SI 05 per stare Ei-date Jun 17 Boots Close Jiff 27 Acceptance ft Payment Auf 3 Kappa France One tor-tout SI
      504 words
    • 509 22 HmM (Mtor-aw >1.00 per <nn MM 0nt4ar-ttint g MS220 per imt Im of 2U.62hi 50% CumuMw Redeem!* Pietoiaie Aim of 10 sen each 1992/97 (CUPS) with to *****m TmMk Sutecnpbon Rtfits (TSR) tor an price ol M$1 per CRPS wit one TSR, on M bn <rf one CRPS
      509 words
    • 145 22 Rothmara of Pal Mai (M*yw) Bhd: 31st AGM at the Petaling Jaya Hilton Hotel, 2 Jalan Barat, ***** Petaling Jaya, Selangor Darul Ehsan. on Thursday, July 9, at 2.30 pm Mufcha tatonutwul Hut: EGM at Bangunan Muipha, 17 ialan Semangat, ***** Petaling Jaya, Selangor Darul Ehsan, on Saturday,
      145 words
    • 77 22 Conversion Special Trdg Scripiess Conversion deadline Period Trading Coapaay starts (IDP) (ST) starts En Yaa Snag* Jul I Jul 21 Jul 9 Jul 21 Jul 22 Hnriava Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 NOL Jun IS Jul 9 Jun 29 Jul 9 Jul 10
      77 words
    • 138 22 RECORD HIGHS LOWS ST Industrials Index rt Composite Index 1992 *****3 (9/4/92) W* M* 1316.68 (21/2/92) J? 51 SS 3/6/91 1992 *****1 m S 552 <«/i£ 1,91 1333 08 < 3/6/91 > 990 Mr 607 12 27/3/90 lW1 1022 52 (16/1/9,) 990 ST 079 50 1/10/90 lW0 1435 43 (16/7/90)
      138 words
    • 313 22 la local can- la S$ la US$ dy yr dy yr dy yr Jaty 6 ladcx cfcge due cb§e chgc dy cbte World 383.5 0.1-6.1 -0.1 -6.2 0.1 -5.8 iEAFE 453.9 0.0 -9.6 0.0 -9.0 0.3 -8.6 Europe 425.8 0.0 3.5 0.0 4.7 0.2 5.2
      313 words

  • STOCK EXCHANGE OF THAILAND
    • 1803 23 Reuter BANGKOK stocks closed little changed in sluggish trade yesterday with foreign investors reluctant to enter the market, brokers said. The SET Index ended 0.20 point higher at 731.82 on a thin 3.35 billion baht turnover with gainers leading losers 104 to 95.
      Reuter; Source: Bridge Info  -  1,803 words
  • JAKARTA STOCK EXCHANGE
    • 1158 23 JAKARTA stock prices closed mixed yesterday with bullish sentiment on the financial sector in reaction to rumours the government would soon allow foreigners to buy bank shares. The Composite Index edged up 0.69 points to 319.02. "Locals are just buying bank shares.
      1,158 words
  • Page 23 Advertisements
    • 8 23 I Advertising and Marketing every Thursday in BT
      8 words
    • 94 23 QUALITY RECRUITMENT use the Appointments pages FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS 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
      94 words

  • TOKYO STOCK EXCHANGE
    • 2596 24 AFP, Reuter SHARE prices further lost ground on the Tokyo Stock Exchange yesterday in the dearth of fresh news, with a late sell-off of construction issues weighing heavily on overall market sentiment. The 225-share Nikkei Stock Average, a 0.4 per cent loser the previous day,
      AFP,; Reuter  -  2,596 words
  • STOCK EXCHANGE OF HONGKONG
    • 2599 24 AFP HONGKONG share prices fell sharply in cautious trading yesterday following the failure of talks between Britain and China in Beijing on the financing of a new airport for the British colony. The key Hang Seng Index lost 112.85 points or 1.9 per
      AFP  -  2,599 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2098 25 UPI PRICES drifted lower on the Sydney Stock Exchange yesterday following disappointment over the failure of the Reserve Bank to deliver an expected one per cent cut in official interest rates. At the close, the All Ordinaries Index was down 3.2 points
      UPI; Source: Bridge Info  -  2,098 words
  • REGIONAL STOCK MARKETS
    • Taiwan stocks slide on bout of late selling
      • 555 25 LATE selling yesterday pulled Taiwan stocks down to close sharply lower as hopes for an early interest rate cut faded, and brokers said the weighted index might fall below the 4,400-point support soon. The index ended 79.75 points lower at 4,432.22. Turnover was an active NT525.7 billion against Monday's
        555 words
      • 794 25 THE sagging stock market eased 0.38 point to 535.34 yesterday, closing at a 53-month low for the second consecutive day, brokers said. "Investor sentiment has been frozen... the market is unlikely to recover shortly as our economy and market liquidity show no signs of improving," a broker said. A
        794 words
      • 412 25 STRONG, late runs by a couple of leading stocks lifted the New Zealand bourse to a moderately higher close yesterday after early indifference had allowed it to drift lower. Late rallies in forestry stocks Carter Holt Harvey, up seven cents to NZ$2.BO, and Fletcher Challenge, up four to
        412 words
      • 400 25 Manila Jrfyt Pwo +/-VW COOO) ASonano Corp. 1.660 Abra Mini nf Corp. 010 Alcorn Pet 044 unch 3200 Alcorn Pet-B 049 -.001 7000 Anglo Phil-Oil A 009 unch 9000 Apex Mining A 008 Apex Mining B 004 Alias Cora A 14.500 -.230 6 Atlas Coos B 15.000 Alias Fer A
        400 words
      • 124 25 A TRADING boycott by Bombay brokers entered the fifth week on Monday as a dispute over shares seized from some of their colleagues, suspected of involvement in a securities scandal, remained unresolved. The government last week froze the assets, including shares, of five people, three of them brokers, in
        124 words
      • 49 25 INDICES TURNOVER Cloac PrHw MT NEW ZEALAND NZSE-40 Capital 1.570.16 1.559.07 11.09 MANILA Composite Index dosed 1.496 33 Turnover (mil pesos) closed 210.6 TAIPEI Weighted Price Index 4,432.22 4,511.97 -79.75 Turnover (NTS billion) 25.7 28.7 -3.0 SEOUL Composite Stock Index 535.34 535.72 -0.38 Turnover (billion won) 120.4 108.74 11.66
        49 words
  • Page 25 Advertisements

  • WORLD STOCK MARKETS
    • Dow posts modest gain in choppy trade
      • 74 26 INDICES TURNOVER July 6 Cloae Puil— NEW YORK Dow Jones 3,339.21 3,330.29 8.92 SAP 500 413.S4 411.77 2.07 Turnover (million) 186.92 220.20 -33.28 LONDON Financial Times 30 1,891.0 1.915.5 -24.5 FTSE 100 2,469.0 2.497.1 -28.1 Turnover (million) 274 429.9 -155.9 FRANKFURT DAX Index 1.772.36 1,776.98 -4.62 AMSTERDAM EOE Index 300.28
        74 words
      • Article, Illustration
        1299 26 NEW YORK stocks posted modest gains in moderate but choppy trading on Monday as investors leaned towards companies that offer steady profits despite economic uncertainty. The Dow Jones Industrial Average, which retreated 23.81 points last Thursday, recouped 8.92 points to close at 3,339.21. Among the broad gauges, the
        1,299 words
      • Article, Illustration
        807 26 SHARES were down at the close on the London stock exchange on Monday, affected by doubts over prospects for economic recovery and fading hopes of a cut in British interest rates. A report out on Monday morning showed a picture of a weaker economic recovery and poorer profits for
        807 words
      • 256 26 THE Frankfurt stock market started the new trading week off with mixed results on Monday, as the DAX Spot Trend Index lost 4.62 points by comparison with the Friday close, finishing at 1,772.36 points. The Commerzbank indicator tacked on 3.50 points to end at 1,981.20 points. Operators said volume
        256 words
      • 286 26 DUTCH shares closed lower in sluggish Monday trade, extending earlier losses as the weaker dollar and UK bourse depressed sentiment through the day. "The UK market is absolutely the trendsetter for Dutch stocks," said a dealer. The EOE Index ended 2.21 points lower at 300.28. Traders said 302 was
        286 words
      • 255 26 THE French truckers' strike, sagging French bond prices and slack midsummer trade conspired to knock the Paris bourse lower, traders said on Monday. Dealers said they are worried about the strike's impact on French industry, noting that leisure and tourism companies are getting sold on the view that tourists
        255 words
      • 351 26 SWISS shares closed a slow Monday session lower. Dealers said insurers suffered some profit-taking, while banks recovered from earlier selling. The industrial sector ended marginally easier. The All-Share SPI Index eased 6.5 points to 1,175.1 and the SMI Index of leading shares lost 8.4 from last Friday's close to
        351 words
      • 158 26 SWEDISH share prices closed down in low turnover on Monday, depressed by declines in most of Europe, dealers said. The All-Share Index fell 1.09 per cent to 891.8, while the Top-16 Index dropped 1.22 per cent. Turnover was low at 244 million kroner. The bank and finance firm index
        158 words
      • 478 26 LEADING Johannesburg Stock Exchange shares were marked down in quiet trade on Monday as most players swung into the holiday mood and dealers said the market was expected to drift easier for the next three weeks until the end of the school holiday season. "There is no selling pressure.
        478 words
      • 344 26 TORONTO stocks climbed in afternoon trade to end moderately stronger following gains in banking shares, driers said on Monday. But the broad market was in the same quiet tone, which has dulled trade for weeks. The TSE 300 Composite Index closed up 6.77 points to 3,426.91. Declines led advances
        344 words
      • 191 26 Brussels July 6 Franc* FORWARD MARKET Acec 2550 Arbed 4095 20 Astur 504 Brascan 440 +2 Canpac 479 I Cock 170 -2 De Beers 704 26 Ebes 7730 GBelg(P) 2130 -15 Gb-Inno-Bm 1458 -6 Gevaert 6750 20 Gr Bni Lamb 3145 +15 Hobok Petro ***** 200 Ryl Dutch 2765 5
        191 words
  • Page 26 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1187 27 REPORTS THE US DOLLAR was below the 1.50 marks level for the first time since Feb 22, 1991 at the European midsession yesterday, having fallen sharply during the morning. It was trading at 1.4965/70 marks at 1030 GMT, down from 1.5047/52
      1,187 words
    • 389 27 Cross rates July 7 USS SS MS Dm Yen SFr AS NZS USS 1.6165 2.5010 1.5095 124.25 0.5225 1.3520 1.3423 1.8365 ss 0.6186 1.5472 0.9338 76.8636 0.3232 0.8364 G 8304 1.1361 MS 0.3998 49.6801 0.2089 0.5406 E 5367 Dm 0.6625 1.0709 1.6568 82.31 0.8957 0.8892 1.2167 Yen
      389 words
    • 525 27 Interbank rates SS Bid Offer Overnight I 1/8 1 1/4 1-month 2 1/4 2 3/8 2-month 2 3/8 2 1/2 3-month 2 7/16 2 9/16 Overnight mode: 1-1/8 L'SS Bid Offer 7 days 3 7/16 3 9/16 1 month 3 7/16 3 9/16 2 months 3 3/8 3
      525 words
    • 372 27 Baltic state will be second ex-Soviet republic to abandon currency Reuter MOSCOW The Baltic state of Latvia is to become the second former Soviet republic to abandon the rouble, replacing it with a special Latvian rouble on July 20 until it can introduce a currency
      Reuter  -  372 words
    • 1559 27 SjjjEX euhooollai 94 Open High Low Sett Est Vol Act/Vol Op/lnt 9 j Sep 92 96.39- 96 40 96.38 96.40 4500 5229 ***** 96 40 ai Dec 92 95.98 95.99 95.96 95.99 6000 7231 ***** Mar 93 95.92 95.93 95.91 95.93 5000 3227 ***** Jun 93 95.56 95.56
      1,559 words
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  • COMMODITIES
    • 336 28 Reuter AMSTERDAM Western Europe is still getting through record amounts of cheap cocoa, but demand is flattening out as chocolate-makers struggle to persuade reces-sion-hit consumers to buy yet more bars, industry sources said. Second quarter cocoa grinding figures, due in the coming
      Reuter  -  336 words
    • 297 28 Reuter SYDNEY Australia is expected to fall to sixth place in the world aluminium producing league by 1995 from fourth place now, a report by commodity researchers Australasian Mineral Economics (AME) said. "Australia's rate of investment (in new aluminium smelters) is slowing down
      Reuter  -  297 words
    • 740 28 REPORTS THE PRICE of tin retreated to close 36 sen lower at M$17.64 per kg on the Kuala Lumpur Tin Market yesterday as the metal succumbed to early profit-taking after heavy gains recorded on Monday. The metal hit a 30-month high
      740 words
    • 1587 28 Rubber WAS C—n<ty hrilini (Mn dmimg m at lp) MS 1 C—tract (S cents/kg) Cose Volume Open Month High Low Sett (tonnes) Interest Aug 0.00 0.00 141.50 300 4.475 Sep 141.75 141.75 141.50 650 6.250 Oct 141.75 141.75 141.50 50 3,775 Nov 141.75 141.75 141.50 50 4.025 Dec 141.75
      1,587 words
  • Page 28 Advertisements
    • 899 28 eusnmsmiES Toll 737 0043 *F«x No: 734 3608 METRO HOLDINGS LIMITED (Incorporated in ihe Republic of Singapore) LOST SHARE CERTIFICATE dwtroyech"® cwtMcate has been reported lost or CERTWCATENO. IN THE NAME OF SHARES OF $1.00 EACH *****8 LEEKWOKMENG 666 NOJEfJS HEREBY GIVEN that if within fourteen (t 4) days worn
      899 words

  • 1383 29 aty rot m K CRy fltfft CI* Mm Matt UA895 1 GA983 1 300 315 9Q103 0990 MH606 1020 9Q106 1060 MH642 1220 M 9 9 M Hero 0106 $108 3900 1046 1146 MataM QF8 1 1 966 QF82 2206 H641 1316 1410 1445 7 2245
    1,383 words
  • THE TRAVEL PAGE
    • 454 29  -  POSTCARD FROM PAMPLONA By i Ciaran Giles Bottle corks shot through the air and champagne showered the crowds gathered on Monday for the rocket-blasting start to the ancient San Fermin bullrunning festival. A dark sky overhead failed to dampen the enthusiasm of some 1,500 people of
      454 words
    • 151 29 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1970 1.2130 Canadian dollar 1.3306 1.3575 NZ dollar 0.8687 0.8862 Sterling pound 3.0708 3.1125 US dollar 1.6110 1.6190 Local dollars to 100 nits of fuicifii uuieacy Austrian schilling 14.84
      151 words
    • 61 29 Duration Title Venue Organiser Td Au( 16-18 International Munich, Mode-Woche- (49) 89/5024. Fashion Fair Germany Munchen GmbH 570 (fax) Aug 16-19 National Chicago. USA Reed Exhibition (1)617/630Hardware Show Companies 2222 Duration Title Venue Organiser Td Aug 22-23 International Frankfurt, Messe Frankfurt (49)69/***** Trade Fair for Germany GmbH
      61 words
  • Page 29 Advertisements
    • 41 29 Discover the lengths Finnair go for just one price. A superb twice-weekly service from Singapore direct to Helsinki and daily connections to over 35 European destinations- all for one price. Call *****77 for details. Wa know Europe fro® start ta Ptniriah.
      41 words
    • 62 29 'v.-' *vt 7§lSt -JfSL Swimsuit supermodel Christie Brinkley wants to follow in the footsteps of other great models by turning to movie acting. T ilea Naomi Campbell, Isabella Rossellini, Linda Evangelista and Cindy Crawford did. But can she act? I need more stimulation, she says in the wake of a
      62 words
  • Page 29 Miscellaneous
    • 269 29 1 Don't take workmen on 6 Helping a renegade no one pBL—^\ alty for being drunk 10 Where the visiting slim socialite retired (5,3) Colonel men go to a party east of the Rockies Mule is made to cerein getting undressed (12) Nothing found in selection of beer or soft
      269 words
    • 167 29 Singapore Outlook: Skwm over a few anas in the afteraooa. Report Maximum temperature 33.1 Assoc humidity 58% Minimum temperature 24.3 Assoc humidity 93% Hours of sunshine 11.05 Rainfall in mm. Nil Rainfall this month 2.2 Rainy days this month 1 lif .ill I. I norm report Asia-Pacific Hi/Lo* OmL Auckland
      167 words
    • 16 29 kfLkJL'M>SBWBBr EveRV Tine, we UK^THPYT ?(UrONW>^WOOR) c<Lts R,se GWa^" JJ )6 C ASSOCIATED NEWSPAPERS LTD., IM2-IM2
      16 words

  • 541 30 G-7 summit Reuter, AFP, AP MUNICH Leaders of the world's major industrial powers were searching for a message of hope yesterday to revive confidence in their sluggish economies. But concern over fighting in former Yugoslav republics and alarm over the debt-lad-en
    Reuter,; AFP,; AP  -  541 words
  • 463 30 AFP BEIJING Chinese leader Deng Xiaoping has heralded a house-cleaning of the communist party ahead of a crucial party congress this year, warning that opponents of his. reform campaign will be removed. He has also said that "a little chaos"
    AFP  -  463 words
  • 188 30 Reuter GENEVA World airlines could lose about US$2 billion (553.2 billion) on their scheduled international services this year, says the International Air Transport Association (lata). The provisional estimate was nude by Tom Murphy, lata's director of industry and finance services, during a briefing
    Reuter  -  188 words
  • 368 30 Reuter MOSCOW Leaders of the Commonwealth of Independent States (CIS) have reached agreement on a number of key economic issues, but the scope of the deals to coordinate policies remained unclear. "A qualitative change in the life of the Commonwealth has
    Reuter  -  368 words
  • 202 30 Reuter, AFP PHNOM PENH Cambodia's head of state. Prince Norodom Sihanouk, returned here yesterday, expressing doubts about his ability to persuade the Khmer Rouge guerillas to rejoin the country's peace process. "I cannot say I will be successful in my attempts to make the
    Reuter,; AFP  -  202 words
  • 661 30  -  The Bottom Line ALVIN TAY ALVIN TAY The writer is a BT news editor THE WORLD'S major central bankers have finally put in place a set of rules which will, hopefully, prevent a repeat of the infamous Bank of Credit and Commerce International (BCCI)
    661 words
  • 273 30 Reuter TAIPEI Taiwan's central bank, holder of the world's largest foreign currency reserves, will set up an office in New York to strengthen contacts with US monetary authorities and other foreign central banks, a central bank spokesman said yesterday.
    Reuter  -  273 words
  • 315 30 AFP KUALA LUMPUR Prime Minister Mahathir Mohamad yesterday warned that development could stop in north-eastern Kelantan state where the opposition government has barricaded roads to a massive dam being built mainly by British contractors. "What if the federal government closed all the
    AFP  -  315 words
  • Page 30 Advertisements
    • 114 30 CHARTPOINT Every Saturday in Business Times KIRIX DELUXE MEAL AT SPECIAL PRICE DAILY..... Double-Boiled Tuesday Supreme Shark's Fin p22.00 with French Chicken per pax ITiursday Burtx-vufd Peking^ DUCK per bird ¥M f jt&sii 1 Toss Chicken with 8 8.00 Special Soup Sauce 'A portion Double-Boiled Superior Mon Sun Sharks Fin
      114 words
    • 16 30 Russian reforms not irreversible: EBRD, Pg 11 Moscow to cut deficit under IMF deal Pg 11
      16 words
    • 152 30 CHARTPOINT Every Saturday in Business Times INDIA PAVILION at Hall 6 Stand Nos. 6419-6532 PUMPS SYSTEMS ASIA '92 WORLD TRADE CENTRE, SINGAPORE JULY 8-11.1992 Timings 10.00 A.M. to 6.00 P.M. daily On Display: Pump*: Air-lift, Booster, Bore-hole, Cargo, Condensate, Controlled volume. DeepweJl, Dosing, Drainage. Dredge. Eccentric screw. Electro submersible, Fresh
      152 words

  • Shipping Times
    • 485 31  -  US giant keen on trucking business in Indonesia, M'sia too By Rahita Elias SINGAPORE US shipping giant Sea-Land is expanding its trucking and port operations in South-east Asia over the next two years in line with its optimistic view of the region's
      485 words
    • 343 31 BANGKOK Privatisation of Thai Maritime Navigation Co will not solve the carrier's business problems but signals the start of another wave of difficulties, according to a report by The Nation. The Thai daily last week reported that shipping sources expressed different reactions to
      343 words
    • 363 31 HONGKONG Hongkong's largest shipyard Yiu Lian Dockyards plans to further expand its capacity with the purchase of a 65,000 deadweight tonne capacity floating dock from China. According to the South China Morning Post, Mr Yang Shi-lan, deputy general manager of Yiu Lian,
      363 words
    • 1178 31 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 1 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3-5 Arrow Int 9 2 Asian Break-Bulk 16 3 •ASCL 5 5 ASXCLShpg
      1,178 words
    • 229 31 Lloyd's List WASHINGTON The US Federal Maritime Commission (FMQ has decided to suspend the tariffs and licences of at least 54 South Korean-owned or controlled non-vessel operating common carriers (NVOCCs) and freight forwarders, prohibiting them from operating in the US ocean trades. It has
      Lloyd's List  -  229 words
    • 372 31  -  By Ramesh Divyanathan SINGAPORE The Port of Singapore Authority handled 20 per cent more cargo for the first five months this year than last year because of increased ship traffic and trade. The PSA's May 1992 Singapore Shipping and Cargo Statistics showed that
      372 words
    • NEWS SUMMARY
    • LOG BOOK
      • 94 32 LONDON The Association of West India Trans-Atlantic-Steam Ship Lines has revised the currency adjustment factor on freight rates of cargoes shipped to and from Europe effective July 16. The CAF on cargoes to and from the UK and Eire will rise from 18 per
        94 words
      • 87 32 LONG BEACH South Korea's Hanjin Shipping Company has signed connecting agreements with three carriers for its recently launched Caribbean Islands-Central and South American service. The three carriers, Crowley Maritime, Network Shipping and King Ocean Lines, serve an extensive number of ports in the Caribbean Sea.
        87 words
      • 89 32 ROTTERDAM Multiport Ship Agencies Network has appointed recently members in Cuba and the United Kingdom. Cory Brothers Shipping Limited, with over 30 mainline offices in the UK, was named a member. The Cuban member is Perez y Cia, the first independent ship agency company to have
        89 words
      • 103 32 LONDON Specialist insurer Through Transport Club has produced its first comprehensive guide to loss prevention Terminal Security. The publication is the first in a series of books on particular areas of the international transportation business where the Club believes there is potential for reducing claims
        103 words
      • 76 32 MEXICO CITY Hundreds of boats were confined to port on Monday as hurricane "Derby" descended on southern Baja California bringing with it 144 kph winds and waves ot up to 8 metres) high. The ports of La Paz, Pichilingue. Cabo San Lucas and San Jose de
        76 words
      • 59 32 MENDOZA, Argentina Argentine and Chilean officials will meet this week to discuss a plan to link their two countries by a tunnel under the Andes, Argentine officials said here on Monday. The plan, estimated at US$2OO million (*****.2 million), calls for a 25-km tunnel between the Argentine
        59 words
    • 1098 32  -  With an annual growth forecast of 7 per cent, South-east Asia presents a whole range of opportunities which US shipping major Sea-Land is keen to exploit, reports Rahita Elias Rahita Elias SEA-LAND is gearing up for a major offensive on the South-east Asian market
      1,098 words
    • 247 32 WHEN Peter Moe stepped off the plane at Changi Airport, he was pleasantly surprised to see that Singapore was well-equipped with all the trappings of a modern city. Mr Moe, now the vicepresident and general manager, South-east Asia, for SeaLand Service, found himself impressed with
      247 words
    • 11635 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      11,635 words
    • SHIPS IN PORT
      • 523 47 VmnI B«ii kiM Pgrtit Marina Terminal 1 Apadw 92/129 M03 atorpide 07.07/2300 Baton Barn B161 M05 alongside 07.07/2300 Baton Mum *****2 M03 alongside 0707/2300 Baton Sayang *****2 M04 ata«sxje 07.07/2300 Ctoknate 1 06/92 M01 akxigade 08.07/0200 Dm Sempurna 08/92 M01 alongside 07.07/1500 Garuda GS9 M05 alongside 08
        523 words
      • 246 47 Jolwo Pft Berth: 1: Geniki; 2: Gut Lm Yang; 3: ml; 4: Chiangmai Navee; 5: Staberg; 6: ml 01 jetty: Bunga Angger*. Sukun DCJ: Tarqum Mariner. Due on My 6: Bum Han. Stolt Exporter. Gent Melaka Jaya 111. Wan. Grace Oak, Tuna Bridge. Sunrise, Kota Mesra, Anes,
        246 words
      • 1538 47 DELIVERY OF Fa IMPORT CONTAINERS IN PROGRESS Sip toy No C«t»n avifatte 9# tk Cat*m\ whMt Anro Aust ***** 06.0792 0700 Seraya laya 010SR COO(EST) *****2 1500 Hari Bhum 54S 06.0792 0700 jos«)o 1 2055N COO(EST) 07 0792 1500 00a Arrow 33E 06 07 92 0725 Ao Swan
        1,538 words
    • 1103 48 Sept 6-18: Seatrade Academy's Anatomy of Shipping, organised by Seatrade. The event will take place at Selwyn College Cambridge, England. Sept 15-16: Asia-Pacific Digital Cellular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 732-1970
      1,103 words
    • 235 48 SHIPPING rates continued to fall over the past week, reaching their lowest level for two years, shipping experts said. The Baltic Freight Index (BR) lost 61 points to 1,053 points, down a total of 235 points in the market's steady fall since May 21. Capesize ships, around 100,000
      235 words
    • 276 48 DRY cargo chartering activity was slow to develop on Monday, following Friday's US holiday, and there were few significant fixtures reported, brokers said. A continued lack of demand resulted in the spot Baltic Freight Index (BF1) falling to 1,049, down four from Friday. But nearby futures closed steadier,
      276 words
    • 469 50 Exporters declare force majeure on sugar shipments AFP, Knight-Ridder NEW DELHI The chief ministers of nine Indian states were scheduled to meet with the central government here yesterday in an attempt to resolve a crippling weeklong nationwide truck strike. The meeting got
      AFP,; Knight-Ridder  -  469 words
    • 385 50 AP DALLAS The largest airlines in the US, American and United, said late on Monday they would postpone fare hikes scheduled to take effect yesterday. American also decided to tinker with some of the proposed changes. The two carriers planned to raise fares 4.4 per
      AP  -  385 words
    • 217 50 SINGAPORE TNT Express Worldwide yesterday launched a one-year scheme of recycling plastic document bags to raise at least $20,000 for the National Kidney Foundation (NKF). For companies in Singapore keen to join the scheme, the air express giant will provide
      217 words
    • 362 50 AFP PARIS Negotiations on working conditions for France's turbulent truck-driv-ers ended here yesterday with what Transport Minister Jean-Louis Bianco described as an "unprecedented agreement". Representatives of the state, the employers and the truck-drivers' trade unions signed the minutes of the nine hours of talks
      AFP  -  362 words
    • 196 50 Reuter DETROIT Bolstered by heavy fleet sales to hungry car rental companies, US car makers on Monday reported the biggest sales gain in 18 months in late June. Sales of US-made cars and trucks jumped 20.7 per cent from a year ago in the 10-day
      Reuter  -  196 words
    • 673 50 Chicago mayor threatens to drop plans altogether NYT CHICAGO Plans to build a third Chicago airport on the city's south-east side have been put on hold by Mayor Richard M Daley's angry reaction to a decision by the state legislature to wait
      NYT  -  673 words
    • 300 50 UPI TOKYO Toyota Motor Corp, Japan's No. 1 automaker, plans to slash projections of its domestic motor vehicle sales and production for this year, a newspaper reported yesterday. The Nihon Keizai Shimbun said the automaker's domestic sales projection will be cut by 4
      UPI  -  300 words
  • Page 31 Advertisements
    • 17 31 Zeroing in on the S-E Asian market, Pg 2 For advertising eiiMiriei, contort Shipping Times: Tel 740-2089/740^2090.
      17 words
    • 171 31 MDQNHUM imMAND port tamest Far alMonaaian main ports inducing outports indoneaian craw and officers ratings Sri Lanka craw and officers ratings Pan anngo tiinafar l:i any wrtlariris tnrtfmi CALL HOnJNE:»So Y Contains SchaMe 17 Daly Fretfits 18 Ma 1 Shppwg Gude 10,11 Shps in Port 17 Singapore Tries 17 Transport
      171 words

  • Page 32 Advertisements
    • 94 32 It could be a controversial deal between two stock 17 v\ market stars, a thought-provoking report by >d[ university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section
      94 words

  • Page 33 Advertisements
    • 2086 33 OOCL (S) PTE LTD JARMNC SHiPPmQ AQCMCIES tlllf# TEL: *****11 FAX; *****09 MlVff BOOKINGS TEL: *****34 *****56 IVIXBIII POflT KELANQ TEL: 3M4118 FAX: *****81 ***** M KSKfI PENANQ TEL *****4 FAX: *****1 CFS TEL: *****6 Mmmmmm Dedicated to Quality Service ipoh tel: *****3/4 fax: *****6 P.QUOANQ TEL: *****2/3 FAX: *****4
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    • 1163 33 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT vsi/vot SW mc ML Off MR m/ 7 21/1 nn 2vi 21/1 w*i h nn i/» v* vj vj A OMNI n M 11/1 l i/l IVI ivi simt km (i m/i B
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    • 1386 33 ■□cossasza 2 SAILINGS TO NEW YORK JERVIS BAY VM3i ETA Stngapore 11/7/92 ETA New York (VIA ROTTERDAM) MAYVIEW MAERSK V92OS ETA Singapore 14/7/92 ETA New York 16/8/92 Vmml Voy ETA I ETC Feed* by 1 DESTINATIONS L—rort/Art— TNi week Mayvtew Meei'Mi 9206 CY 14/7 oaoo HRS Port BM BM BIM
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  • Page 34 Advertisements
    • 1448 34 I KITANO I 14/127 9/7 18/7 1/8 28/7 27/7 I I THAMES 12/327 12/7 29/7 31/7 3/8 4/8 I I LA SEINE 25/128 18/7 24/7 8/8 4/8 3/8 I I HOFTHST EXPRESS 04/328 19/7 5/8 7/8 10/8 11/8 I I HAMBURG EXPRESS 09/129 23/7 1/8 15/8 11/8 10/8 I I
      1,448 words
    • 503 34 I »pimiTOM>ii»i«w«i^n ALAM T ALAMO T* MFT MM/MOH/MMO/NAB/ KSS/LAE/WWK CMCFOO VM HMT POOVHOM/MOMO/MAS ALAM T ALAMO VM M/SS NHMOIMMOMAa MM/LAI/WWK (LCL B/BULK) T/S: ALOTAU, OMMV. KAWENG ACCEPTWG LCI FOR MMN PORTS DBOMR6E PORT KELANG H C. TEL: *****01/4 MM AN OCEAN AND SONTN AFRICA REGULAR SEM-CONTMNEX SERVICE vcbo. warn, m
      503 words
    • 1456 34 REGULAR tNPCPCNOCHT FULL CONTAINER SERVICE WESTBOUND TO EUROPE UL/WV sm tsiaMiiKioTOfifaiJi*. (VM (W (W ALG) HAM) ROT) SL FREBON 21M 10/07 00/00 00/00 10/00 11/00 12/00 13/00 14/00 15/00 NORASM MUBARAK 0220-3 21/07 11/00 13/00 15/00 10/00 17/00 10/00 10/00 20/00 NORASM AL4AANSOORAH 0221-3 25/07 17/00 10/00 20/00 21/00 22/00
      1,456 words

  • Page 35 Advertisements
    • 1867 35 H STRAITS SHIPPING PTE LTD It Hm CMmg Road #1141 topH T«mt» Ihfpiri >201 T<fc ***** M Fax: 225M17 STORE BKOK OB mmm VO3E M»ar. lab KK MM IB M MMJON V.013N IM3 M.T IS-10 UT STRAITS KNTIH *171 Muara! Lab 11-13 MUM 15 M KOTA DMTAMG VJVT22S 12-13 M.T
      1,867 words
    • 1767 35 SINGAPORE AGENT: ■i p&O Containers wa. m-r T- 2233 T-#x; pg PNO CSP Fax: 225 5327/222 7517 CR Numbr: **********0Z VOY r=a wg MM ALO SOU MfT ROT HAM VMML VOY ANT NOT NAM MW MM <MB DM FSS *PKO ST" I cv» MAERSK KM 02/07 N/07 10/07 24/07 27/07
      1,767 words

  • Page 36 Advertisements
    • 632 36 Cft NM **********0-0 EXPRESS SON CONTAINERSHIP SERVICES TO EUROPE Bt'»oT vrm mm/mm hum nan mtmev CTA/S NATNUM/32W IS-Q/7 21/1 2V« »/l 4/5 FAST TRANSIT TNE ACCEPTING MfIMBULK/CONTAMEmKD CAROO tubjacl to Inducawwt Al— ergo to CwMwo, Pact Md. Part Atoundrla. Qwii, TriMte. ALSO ACCEFTMG CONVENTIONAL CARGO MA T/S TO UK PORTS,
      632 words
    • 1378 36 0 HANJIN SHIPPING m VS. SM UK HAUL 10 OM FRI VS. |LRE NRR SAV 1R DTC HARM LDMWE 01K 11/7 MECT 2/8 5/8 FBNRMRD MY 20M 13/7 N. YOKOHAMA 04R M/l 21/1 23/1 HNRN OMLAND 01C 19/6 ORECT 9/1 12/8 HARM OEM 00C 20/7 MR PIEKTT 02X 27/8 28/8
      1,378 words
    • 1229 36 —kf i—l 1 InvninuMiiwiiiano uucmml arciw mm mi nr M Mi M m IMI K-MI kR IV7 19/7 17/7 M/ 7 tl/7 M/ 7 M/ 7 25/7 ZIP 7/1 IS/I 21/1 22/1 l/l V! 4/1 l/l 1V» H/l M/l emitm-mi m/ 7 11/7 an nn m/ 7 vn nn nn
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  • Page 37 Advertisements
    • 1821 37 > NEPTUNE AGENCIES PTE LTD SINGAPORE (CR N0:J23W*****0E) BOOKINGS (FOR ALL NOL SERVICES) JS (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 FAR EAST SERVICE *****00 IMPORT CFS Ft; *****69/*****96 K UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS -F* 1M1263/*****50 AUST/INDtA/PAK SERVICE NEPUNE SDN BHD MALAYSIA )n K.L.-(03) *****33. P.K«<wtg-(03) *****67. Pwwno-(O4) *****0. J.MmHO7)
      1,821 words
    • 1050 37 SINSOV SINGAPORE SOVET SHPPWG CO PRIVATE LID BOOKMG: *****51/ *****64/ *****0 C (FESCO LINE) ENQURCS: *****33 MARME MSURANCE SERVICE: *****87/ *****87 Kl: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES mmbj ww law |m hm ww I— Ina
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  • Page 38 Advertisements
    • 1429 38 K 44 *W AS AGENTS: KAWASAKI SMGAPORE (PTE) LTD (CR No: **********0 M) W mm M TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/^9 M MALAYSIA: *IC LME MARITIME (MALAYSIA) SON BHD i aL. JLdf JL TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 ■■n KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T.
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    • 1140 38 PHIU ORICNT UN€S PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 QtfO BY AIR, LAND OR SEA.... J&L- WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA*™ ZEALAM)/*OUTH PACIFIC FCULCL SERVICE 4 JUL SYDNEY. MELBOURNE,
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  • Page 39 Advertisements
    • 1721 39 Shipping Times, Wednesday July 8 IIM PACIFIC INTERNATIONAL LINES (PTE) LTD J 140 Cecil Street, #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********0E VESSEL VOY MN JKT SM BQUATOR CRYSTAL 88N 18/7 12/7 17/7 EQUATOR HAWK 51H 10/7 12/7 IS/7 ESTIBRUOOE 17* W7 11/7 17/7 KOTA MO AH
      1,721 words
    • 795 39 PENANG P.KELANG OCEAN VSL/VQY SIN SOU (1) HTM (2) HAM (3) GOT (4) g 1o7? 10/7 11/7 TOYAMA 2272 14/7 31A7 2/8 3/8 5/8 E 17/7 17/7 18/7 ABO3A 2282 21/7 7/8 9/8 W' B «/8 Q 2477 24/7 28/7 NIHON 2292 28£7 14/8 18/8 17/8 19/8 E *3177 3T/7
      795 words
    • 280 39 NIGERIAN NATIONAL ML SHIPPING LINE NIGERIA EXPRESS SERVICE 1\ RIVER IKPAN vjb SINGAPORE 515 u£» HAM, Port Harcourt 17 Aug Calabar 19 Aiqi I ACdPTWW M/MUUrAHPCONTAggRB BSA° TRANSPORTATION M MYANMA \flßk FIVE STAR LINE T (Myanmar National Line) Loadmg for Yangon (Rangoon) Spore P.KIf Pen PGdf MVOMAYVM ****** to PI
      280 words



  • Page 42 Advertisements
    • 2513 42 H, Conventional Semi-Container Full Container Liner Services Liner Services *+&'s**** Yick Fung Skipping suppi* fm+ti—m* ermts*ip *§mciu Cwly Skipping Pte Ltd fr*p»r§mu*§cmm** m* uooo rmtumt o***» uio»ill. M-warnr/xtm Enterprise Co Ltd «§lm(Wes/Aira only) 2Main Road 4/hiusm cor *V Tel: *****41 (4 lines) Tel: *****88 HMC Building/15-00 Chinese Chamber* Commerce *0/45/0?
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    • 361 42 SAMUOBU MDOKSU (S) PTE LTD 15 McCALLUM STREET #09-01 m NATWEOT CENTRE 0100 Tatac ROM 140 ■■■I T«fc 22M201-3 Fax: 229 4HO, *****30 FOR BOOMHOS CAU. DIRECT UNE TEL: *****41/*****43 SOI JAK SERVICE VESSEL VOY SIN JAK DERAJAT 990 14/07 (TUE) 17/07 (FRI) DERAJAT 989 IN PT 11/07 (SAT) PRELUDE
      361 words

  • Page 43 Advertisements
    • 505 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PBEAUS 12/7 ROTTERDAM C/ 7 HAIFA/ASHDOD/ALEXANDRIA 12/7 HAMBURG/BREMEN 12/7 MARSEILLE/FRANCE 12/7 FELIXSTOWE/UK 12/7 BARCELONA/SPAIN 12/7 LEHAVRE/ANTWERP 12/7 GENOA/ITALY 12/7 GOTHENBURG/SCANDINAVIA 12/7 LOS ANGELES/WC/PI 12/7 SYDNEY/MELBOURNE tl/7 NEW YORK/EC 12/7 FREMANTLE/ADELAPE 11/7 VANCOUVER 12/7 BRISBANE
      505 words
    • 849 43 isnsnsrs^ RH TEL: *****33 (12 Urm) |22| FAX: *****18/2268J01 HI TELEX: RB ***** RIBMP (3 UnM) GS3 ETHIOPIAN SNPPtNG LINES *(National lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA I LOADING FOM mom ABYOT 29W8 24/Ot DARESSALAAM. MOMBASA. CXNBOUT) ASSAP MASSAWA NCTSANET 27W8 30/09 OAHESSAIAAM. MOMBASA. OJWOUTI ASSAB.
      849 words
    • 703 43 lIP -l-L |IJg|-|-.|..|-|...^| I OEMAOMM MS 11/07 14/«7 MM MM W WO7 W7 I Imm mm iw is/« 7 it/07 mnta mm ww m h/*7 m* is/Q7 I I rtr> nr»» mm mw i 3/07 Mi I ISS s"£-25"3g- I WWT» MM mn w 7 22/91 I I I TMMW
      703 words

  • Page 44 Advertisements
    • 1321 44 groupage I -NT/YV PENANQ: (04) *****6 SIBU: (084) *****9 KUCHINQ: (082) *****3 V-J\/ 'PXELANQ: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 pcii PEN PK 13/7 14/7 15/7 Ldn/Fh/Rdm/Ant Colombo 13/7 14/7 15/7 12/7 13/7 6'Jiwf/ClMfon/slMtm/Osio Fremantie 15/7 16/7 17/7 Auckland/Nil/ Chrhtchurch Tokyo/Hobo 13/7 14/7 lb// Busan 15/7 16/7 17/7
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    • 240 44 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND ANO PACIFIC ISLANDS ML LTT 9N PROSPECT 19S 9/7 21/7 23/7 S/l N Z STAR V 0524 17/7 29/7 31/7 17/1 PREMO VI9S 21/7 9/8 11/1 2t/t FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH, NAPIER,
      240 words
    • 1014 44 OZ THONG SOON UNES PTE. LTD. 77 ROBMON ROAD #15-00, #10-00 SA BULOMG SMGAPORE 0100 TEL *****18 FAX NO: *****11, *****22 ■BT TLX: RS ***** CARMER, RS ***** JENHOL CABLE: TOSOCO MNOAPOHE TO WIBT MALAYSIA BWWAPORE TO WEST MALAYSIA una hi In M tan l" U.bum KIM SOON LI 62/92E
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  • Page 45 Advertisements
    • 748 45 snipping limes, neuncsuay fuij o i»»» MWlWilJfflHTjj COMPANIA PERUANA Z m DE VAPOREB V* "PERUVIAN STATE LINE" ACCEPTMG BREAKBUIK/FCL/SOC CARGOES TO/FROM Ql CALLAO, MATARAM. HO* 1 OTHER PERUVIAN PORTS* 13 WITH T/S AT KOBE ON CPV THROUGH BHI OF LADING. M WSK "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE J
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    • 554 45 rrn zjm PTOFI[ HMMCI/CMMEAII SEIVICES M TOKYO Mt M/MCT""* p» |«7/M 17/ M 21/ M M/MLS/M I mat Of I™* 1 I M/«b ii/mm»/M I E huSKf g l£(il%g|l!i£lil£lj£S I Dunlin cm Ik MA M Owtoutto*. Cjm4>. Vimhi*. harti He*. Met. SS M&M. Mm ta «tw Na#a«. AUSTRALIA SERVICES »cc*nc^
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    • 651 45 MULTMMNK SMPfM PTE LTD ill MIDDLE-EAST/PERSIAN QULF acceptbm fci/lcl DUBAI. OAMMAN SHARJAH. DOHA MUSCAT. BAHRA* AW DHABI. BANDAR ABBAS JEDOAH FAR EAST ACCBPTBM FCL/LCL PtNANG, P/KELANG. JAKARTA BANGKOK. HONG KONG. TAIWAN. JAPAN MANILA. KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON, FELIXSTOWE. LEEDS, TIBUBY. ABERDEEN. LE HARVE. HAMBURG. ROTTERDAM. ANTWEP, GOTHENBURG. COPENHAGEN t
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    • 412 45 mil MKCT CMTUEISUYKE SIN TO ALGERIA ALSO CHUMS MMSULE/USKZM VSL: FREITAL ETA SB 21JK TWICt WUKLT CMTUKI SUIKi SIN/MADRAS/SIN WITH TRARSNPMENT TO: ASEAN/AISTRALIA/FAR EAST/HMTEMMIM/EIMK WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMRO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN I ass— gmnmßant* I Rapid NEXT LOADER TO:
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    • 409 45 H; m mm 13/7 KEELUNG/KAOHSIUNG 12/7 BANGKOK 10/7 MANILA/CEBU 12/7 JAKARTA/BELAWAN/SURABAYA 12/7 PORT KELANG/PENANG/E. Malaysia 13/7 BUSAN 12/7 TOKYO/YOKO/KOBE/NGO/OSA 10/7 HONG KONG SIN CHINA 10/7 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIAN JIN QINGDAO HAIKOU also accepting LCI cargo SjN EUMPE/UK 11/7 LDN/FLX/LVP/SOU 11/7 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. SIN
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  • Page 46 Advertisements
    • 913 46 ECONOLINESA Time Space Pilot for World Trade Navigation »ince 1979 EUROPE I your 1 STRENGTH and HOPES We deliver 2040 points throughout 17 We provide weekly to 32 g countries in conformity with 13 imcotenns Discharging ports at own Bonded Wtrehouse total demands in shipping for carrying your with in
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    • 435 46 A BontefmJ CONTERM FREIGHT (F.K.) PTE LTB. GUARANTEED WEEKLY CONSOUDATMN TOUR FIRST CHOICE Wfc— AUCKLAND 9 JULY ACCCPTINO TO ALL PORT* IN NEW ZEALAND BANGKOK 12 JOLT JAKARTA 13 JULY PENAN6 13 JULY POUT KELANQ 18 JULY MELBOURNE 13 JULY I SYDNEY 13 JULY J FELIXSTOWE 11 JULY HAMBURG 11
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    • 453 46 This Week's Sailings I i t T ETD To: ETD 1 Singapore Singapore '.Bm*ok 12/07/92 "aJwST M SaSS 12/07/92 i HK ~IS A TeL Fax: €-*>.*«•/ ffl Singapore *****22 779 2738 Ai.:; Ctlir JoSS; 07-*****8 07-*****3 Alfred Ng RggS Jakarta 021-*****40 021-*****01 Troy Hsu M C P 0 i CONTAMER/
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    • 10 47 Don't miss Personal Finance Investment in Business Times every Saturday
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    • 100 47 WEEKLY LCL CONSOLIDATION SERVICES TO EUROPE PORTS WITH CONNECTION TO MORE THAN 206 INLAND POINTS. AUSTRIA HUNGARY RUSSIA BELGIUM IRELAND SWITZERLAND BULGARIA ITALY SPAIN DENMARK NORWAY SWEDEN FINLAND NETHERLANDS TURKEY FRANCE PORTUGAL TECHECHOSLOVAKIA GREECE POLAND UNITED KINGDOM GERMANY ROMANIA YUGOSLAVIA MAKE YOUR ENQUIRIES TODAY HOT LINE 273-0466 YUSEN SEACARGO AGENT
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  • Page 47 Miscellaneous
    • 418 47 M TjpEnSpwEiriiE^ M TODAY'S TIDES (height in metres) HOUt MOO 01M 0200 0300 MOO 0500 MM 0700 MOO 09M*************************M***** INS 1900 2000 21M 22M 2310 JR OJ LI 1.5 2.0 23 2.4 23 2.0 1.6 1.3 1.0 0.9 09 LI 1.4 1.9 2.3 25 2.5 2.3 1.9 15 12 0.9
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  • Page 48 Advertisements
    • 459 48 I W&W LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 NEW ROUTE TO MTANMAR (TANGON) FULLY CONTAINERISED SERVICE VESSEL ETA ETD DESTINATION
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    • 386 48 cosco UKC COWVCWTKmAL SERVICE VESSEL PKL PNG P O. LOADING FOB: A VESSEL 28/06 Rottardam/AnMnarp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P G. LOADING FOR: QING PONG 12/07 Guangzhou Huangpu COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO CHMA/BANGK OK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer
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    • 325 48 APPOINTMENTS ADVERTISEMENTS ATTRACT TNE RIGHT CANDIDATE iHlill 1 I >r qcinKip CHONGQING FUZHOU GU.L.N HARBIN NANN^f^^^NZHOU_ SHENYANG f \Tf% OaRGOFLO /SHENZHIN SHIPPING 4^ Tel: 227 4788 Fax: 227 2Q83 SKH DISTRIPARK PTE LTD 77 Robinson Road #16-02 SU Building, Slngapora 0106 Sinaaoore Tel: *****79 Fax; *****82 Tlx: RS *****SKHNVO t3:
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    • 124 48 EXPRESS OCEAN LINES SINGAPORE SINGAPORE COLOMBO FCLACL FREIGHT COLLECT AND PREPAID ARE WELCOME We also accept cargo for other destiratkxi worldwide Co-loaders Are Welcome h§u/t SIICAPORL Tet 542 7033 Rk 546 4827 Anders Tit 744 8330 F* *****95 Kmm Tet 447 2667 Fk *****12 Mcky COLOMBO: Tct *****3M***** Fac *****5
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  • Page 49 Advertisements
    • 1171 49 I HYUNDAI MERCHAWT MABINE CO. LTD. •VIA FEEDER PACIFIC SOUTH-WEST SERVICE PTM* PKIF PSD* SJW* TO USA VOY KAO LBH OA* DAI/HOU CH SIU WTC 07/07 01/07 03/07 10/07 H. FTOKTO 50E 17/07 03/01 06/01 06/01 07/01 07/01 09/01 14/07 06/07 10/07 17/07 H. CHALLENGER 52E 24/07 10/06 13/06 13/06
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    • 443 49 STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST M ItO-HO t HEAVY UFTS 1 HBi VESSELS I KSSL m PI IK u NUi MM S MB 1/7 TRAM NT* 41 tt/T M I J/7 HCCUS I 11/T 14/1 MM TRAM 12/7 l«/ 7 ASM MHI 144 11/7 IA/7 RAMMA 1 11/7 MUM
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    • 856 49 JEDDAH/UK/COmNENT stok Iks stow h-buk roM um •m» »mN c»n Nr KIT MO *.14/127 V 7 «/7 1/1 21/7 27/1 Tllllinlii :M M MttatoMl. RMtalM MM TMMES 1.12/127 12/7 21/7 1/1 VI »**■<■■ •j» «j U SEBt *75/1 M 11/7 25/7 l/l 4/1 VI SirfkwM" :k«R«M*IMIriNI MOECKSI E3MESS VJ4/1M U/7
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  • Page 50 Advertisements
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    • 8 50 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times
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