The Business Times, 10 July 1992

Microfilm: NL18220
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times MITA (P) 35/12/91 Friday, July 10, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • Article
      Chatichai launches new bid for premiership
      58 1 BANGKOK Former Thai prime minister Chatichai Choonhavan, overthrown last year in a military coup, announced yesterday he would lead a new political party in a bid to become premier in the country's September elections. Mr Chatichai will lead the newly-formed Chart Pattana (National Development)
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    • Article
      New US jobless claims down by 4,000
      49 1 WASHINGTON The number of Americans filing new claims for unemployment benefits fell by 4,000 at the end of June, the Labour Department announced yesterday. The number of applicants during the week ended June 27 totaled 416,000, down from 420,000 the previous week.
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    • Article
      Keidanren acts
      29 1 THE Japan Federation of Economic Organisations, the Keidanren, will issue what it is calling a White Paper to press the government to speed up deregulation Page 2
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    • Article
      Good outlook
      31 1 THE local chemical sector, which has netted nearly $11 billion in cumulative investments so far, is expected to attract another $1 billion worth of commitments this year Page 2
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    • Article
      $40m land deal
      28 1 A MEMBER of the Hong Leong group of companies has paid $40 million for a large plot of residential land in District 10 Page 2
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    • Article
      China flexes muscle
      19 1 CHINA has replaced Japan as the biggest foreign player in the Hongkong property market Page 8
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    • Article
      US bankruptcies up
      35 1 US business failures climbed 15.9 per cent during the first five months of the year, in spite of a modest improvement in the overall American economy, said Dun Bradstreet Corp Page 9
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    • Article
      Clinton picks Gore
      29 1 US DEMOCRATIC presidential contender Bill Clinton has picked Senator Albert Gore Jr, an outspoken supporter of international environmental causes, as his vice-presidential running mate Page 9
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    • Article
      Ben Line pullout
      32 1 BEN LINE Containers divested its stake in Eacßen Container Line to its partner on June 30, signalling the UK company's withdrawal from mainstream container shipping. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      33 1 WALL STREET stocks headed higher early yesterday, recouping some of its recent losses. The Dow Jones average of 30 industrials rose 23.23 points to 3,316.51 in the first hour of trading.
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    • Article
      Footsie higher
      28 1 LONDON share prices were higher at midday yesterday. At about 1115 GMT, the FTSE 100-Share Index was up 14.9 points, or 0.7 per cent, at 1906.
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    • Article
      Sapura drops bid
      25 1 SAPURA Holdings Sdn Bhd is giving up its bid to take over Federal Cables, Wires and Metal Manufacturing Bhd (FCW) Page 3
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    • Article
      Property trust plan
      34 1 INDONESIAN property developer Danayasa Arthatama wants to set up a property trust to tap private investors' funds for an ambitious US$4 billion (556.4 billion) inner city redevelopment in Jakarta. Page 4
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    • Article
      Fed penalises banker
      47 1 THE US Federal Reserve has slapped a penalty of up to US$l7O million (*****.7 million) on a former top executive of Saudi Arabia's biggest bank, charging that he helped conceal the financial condition of the collapsed Bank of Credit and Commerce International. P«ge 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Change BT-MGA 715.38 +2.34 Kuala Lumpur ....603.72 +7.75 Tokyo 16.848.66 +248.40 Hongkong 5,925.52 -56.39 Sydney 1,642.1 -9.3 Taesday Change New York 3,293.28 -1.89 London 1,897.91 -15.1
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.6130 100 Yen SS 1.2935 MS SS 0.6453 Womy aariut rates Overnight 1-1/2 -3/8 3-month™ 2-5/16% +1/16
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    • Article
      COMMODITIES
      33 1 London Gold AM fix USS347.20 US$0.50 mJOOvf S'pore Aug... 142.00*/kg +0.50 M'sia Aug 220 '/kg unch KL Tin Turnover 41 tonnes +6 Spot MSI 7.63/kg +0.10 KSMtfwM- +886 Aug MS886 /tonne +11
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  • Article
    Investors spurn ACUs for S'pore dollar deposits
    518 1  -  Strong S$ undercuts foreign currency investments By Kooi Cho Teng SINGAPORE Investors are shifting their funds out of foreign currencies and putting them into Singapore dollar deposits despite sharply lower returns here, figures by the Monetary Authority of Singapore show. Foreign currency deposits
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  • Article
    Banks' woe: too much money, too few borrowers
    462 1  -  By Amy Balan SINGAPORE Singapore banks are suffering from a case of indigestion: too much cash and not enough people to lend it to. This has been made worse by the strong Singapore dollar which has resulted in a steady inflow of
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  • Article
    S'pore-Indonesia trade jumped 29pc last year
    397 1  -  By Schutz Lee SINGAPORE Reflecting Indonesia's closer integration with the Singapore economy and Jakarta's success at deregulation, two-way trade between Singapore and Indonesia grew by 29.4 per cent last year compared with just 7.9 per cent in 1990. Singapore-Indonesia trade totalled US$4.l2 billion last
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  • Article
    STI to spend $1.9b if it wins Aussie deal
    223 1  -  By Dexter Lee SINGAPORE Singapore Telecom International Pte Ltd (STI) is prepared to spend Asl.6 billion ($1.9 billion) over the next 10 years to develop Australia's third mobile phone network if it wins a three-way fight to clinch the licence for
    223 words
  • Article
    Lock icon US House passes new trade Bill to enforce Tokyo's promises
    432 1 Reuter WASHINGTON The US House of Representatives has passed a controversial trade Bill meant to prise open Japanese and other markets for increased US imports of everything from cars to rice. The trade Bill renews for five years "Super 301"
    Reuter  -  432 words
  • Article
    Lock icon Tokyo to implement new imports, investment law
    132 1 Reuter TOKYO Japan's trade ministry said it would start implementing a new law next week designed to boost imports and foreign investment. The law, passed by Parliament in March, is aimed at increasing imports through improving the infrastructure and easing foreign direct investment,
    Reuter  -  132 words
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      Page 1 Advertisements Column 1
      266 1 100* COTTON DOCKERS* PUKNTS BY LEVI'S LKVTS •OUTIOUCt: *02-19 CanMpoM #01-» CNnalown Pttm #02-114 Far EM Plaza #01-24 Forum Tha Shopping Ma# #01-16 Lucky Plan fot rw Manna Square #01-41 Partway Parada #01-0» Sham Lataure Oa#ary #BV4 Wana AWa "Aircraft Schedule 27 KLSE 19 Unrt Trusts 18 Coromodrties 26 Money
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      Page 1 Advertisements Column 2
      83 1 Eg Baru TONY SHOES TRADING CO., #04-11 Irving Road, Irvine Industrial Building. Singapore 1396. Tlx: *****T0NY50Fax:*****21 Tel: *****57/*****77 Datuk Keramat won't seek suspension over UMBC, Pg 3 Hock Lock Siew: Turbulence ahead for airlines, Pg 3 11U \V\^A tJ i>V A MASTERPIECE IN TIME. THE LIMITED EDITION 18KT GOLD MILLENNIUM
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  • PAGE 2 NEWS
    • SINGAPORE ROUNDUP
      • Article
        Sentosa's Asian Village to open in December
        63 2 SINGAPORE Sentosa's $60 million Asian Village will open in December. The eight-hectare attraction, built around a lake, will feature North, South and South-east Asian villages, a 1,000-seat amphitheatre and an entertainment centre with rides and games for adults and children. It is aimed
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      • Article
        Cambridge-NTU research tie-up
        73 2 SINGAPORE Cambridge University's engineering department and Nanyang Technological University (NTU) have embarked on a joint research programme. Under the programme, which started this month, professors and readers from Cambridge will be attached to NTU for periods of one to two months. The NTU hopes to receive about
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      • Article, Illustration
        Edelman buys consultancy firms
        98 2 SINGAPORE US-based Edelman Public Relations Worldwide has acquired the marketing communications firm Media Dynamics in Singapore and Hongkong. Edelman has also acquired a Media Dynamics subsidiary, Pacific Directions Communications, in Hongkong. The cost of the purchases has not been disclosed. General manager Roseann Clavelli said the
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    • Article, Illustration
      Hong Leong unit pays $40m for District 10 land
      344 2  -  By Sangeeta Mulchand SINGAPORE A member of the Hong Leong group of companies has paid $40 million for a large plot of residential land in upmarket District 10. The 30,908 sq metre site in Jervois Road was acquired in a private
      344 words
    • Article
      Lock icon China opens new preferential zone
      100 2 Reuter HONGKONG China has opened its fifth 'tax protection zone" (TPZ), an area offering the most preferential treatment to foreign investors, in the southern city of Guangzhou, the semi-official China News Service (CNS) reported. The 1.4-square kilometre TPZ, in the north-east of the capital city
      Reuter  -  100 words
    • Article
      Lock icon Keidanren issuing paper to push for faster deregulation
      457 2 Group unhappy with govt progress in pursuing reforms Asahi News TOKYO Dissatisfied with the lack of government progress in pursuing administrative reform, Japan's most powerful business lobby will issue what it calls a white paper to press the government to speed up
      Asahi News  -  457 words
    • Article
      Chemical sector set to get $1b investments in '92
      386 2  -  By Lilian Ang SINGAPORE The chemical sector, which has netted nearly $11 billion (US$6.6 billion) in cumulative investments so far, is likely to attract a further $1 billion worth of commitments this year. Industry sources said yesterday that in the first
      386 words
    • Article, Illustration
      Patten sworn in as Hongkong governor
      483 2  -  From Catherine Ong in HONGKONG CHRISTOPHER Francis Patten was sworn in yesterday as the 28th and probably last colonial governor of Hongkong in a ceremony which reflected his promise of a "more accessible and informal" leadership style. Discarding the traditional uniform of the governor,
      483 words
    • Article, Illustration
      Asia-Pacific urged to prevent potential: problems from escalating
      545 2  -  By Salil Tripathi SINGAPORE If the Gulf War and the Yugoslav crisis have a lesson for the world, it is the failure of preventive diplomacy. Underscoring the adage that prevention is indeed better even cheaper than cure, former United Nations Secretary-General Javier
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      426 2 Hthe two packages t recognise your qualify troductory rate of 5650 ig on the package you choose. s worth over $900! artell PACKAGE B 2 bottles Martell VSOP 1 XO Supreme 1 bottle Chivas Regal 1 bottle Chivas Regal 1 bottle Seagram gin 1 bottle ifjw agram gin 1 bottle
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  • COMPANY NEWS 1
    • Article
      D Keramat won't seek suspension over UMBC
      485 3  -  Necessary disclosures on takeover talks already made: director From Leslie Lopez in PENANG MALAYSIA'S Datuk Keramat Holdings Bhd said yesterday it did not intend to seek a temporary suspension in the trading of its shares pending the outcome of its negotiations with two
      485 words
    • Article
      Small investors will receive only 21pc of Eltech issue
      350 3  -  By Claire Leow SINGAPORE Small investors will get only 21.4 per cent of Eltech Electronics' share issue, which was 1.5 times subscribed. Underwriter DBS Bank said the low subscription rate did not make it possible to meet the Stock Exchange of
      350 words
    • Article, Illustration
      Transmarco's KL property project likely to yield annual rental of M$14m
      288 3  -  By Sylvia Wong SINGAPORE Upmarket retailer Transmarco Ltd's maiden property venture in Kuala Lumpur is expected to yield Msl4 million (Ss9 million) a year in rental income from 1993. This will be from leasing office space and service apartments
      288 words
    • Article
      Turbulence ahead for airlines
      850 3  -  THE HOCK LOCK SIEW COLUMN Listed Asian carriers' high-flying days over for now By S N Vasuki SINGAPORE They were the toast of the stock markets. Brash, aggressive high-fliers sitting pretty on fat profit margins and dizzy share prices. But this year, the glamour and the
      850 words
    • Article
      Lock icon Sapura Holdings gives up bid to take over FCW
      215 3 Reuter KUALA LUMPUR Sapors Holdings Sdn Bbd said yesterday that it was giving up its bid to take over Federal Cables, Wires and Metal Manufacturing Bbd (FCW) after receiving acceptances representing only 0.2 per cent of FCWs paid-up share capital, or
      Reuter  -  215 words
    • Article
      Lock icon Genting's paper venture will help fill Malaysian demand
      249 3 MBT KUALA LUMPUR Genting Bhd's local venture to manufacture paper is expected to help fill Malaysia's demand of 400,000 tonnes of paper yearly. Its director of corporate affairs, Sieh Kok Jiun, said yesterday that Malaysia's current output of about 100,000 tonnes produced
      MBT  -  249 words
    • COMPANY BRIEFS
      • Article
        Jack Chia's deemed interests in Bousteadco
        62 3 SINGAPORE Jack Chia-MPH Ltd, Jack Chia Holdings (HK) Ltd and Jack Chia said in separate statements yesterday that they have deemed interests of 38.41 per cent each in Bousteadco Singapore Ltd because of Boustead pic's 65.4-per-cent stake in Bousteadco. JC-MPH is in the midst
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      • Article
        Dunlop, Magnum units' purchases
        98 3 KUALA LUMPUR Dunlop Estates Bhd said its whollyowned subsidiary, Dasar Untung Sdn Bhd, has acquired a 49-per-cent stake in a dormant company, Bond Precision Ltd, for M 52,000 (S$ 1,291) cash. BPL, a Hongkong-incor-porated company, has an issued and paid-up capital of HK$ 1,000 comprising 100
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      • Article
        New name for Goldtron unit
        30 3 SINGAPORE Goldtron Ltd yesterday said that the name of Dyna-Mech Electronics Pte Ltd, a subsidiary, was changed to Goldtron Electronics Pte Ltd, on June 29.
        30 words
      • Article
        Kuala Kampar Tin changes name
        26 3 SINGAPORE Kuala Kampar Tin Fields Bhd has changed its name to MMC Engineering Group Bhd. The change took effect on Wednesday.
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      • Article
        Promet director resigns
        25 3 SINGAPORE Promet Bhd said Nik Din Sulaiman has resigned as director of the company. His resignation takes effect on Sunday, July 12.
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    • COMPANY BRIEFS
      • Article
        S&P reviewing Hitachi's credit rating
        110 4 TOKYO Standard and Poor's Asia Ltd said yesterday it was reviewing with negative implications its triple-A long-term credit rating for Hitachi Ltd, the biggest manufacturer of electric machinery in Japan. The Japanese unit of the US rating agency said the review also affected the triple-A
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      • Article
        Taiwan firm in China closes down
        97 4 TAIPEI A Taiwan firm said yesterday it would pull out of China's southern province of Guangdong, the first such withdrawal after the island permitted indirect investments with China in 1990. The Full Sunshine Lock Industry Inc has decided to close its factory in Dongguan
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      • Article
        Taipei firm plans Viet plant
        115 4 TAIPEI Taiwan's Ching Fong group said it would spend US$55 million to set up a motorcycle factory in Vietnam, the first Taiwanese investment in the country's automobile industry. Vietnamese authorities have approved the group's investment plan, a spokeswoman for Ching Fong Investment Co Ltd said.
        115 words
      • Article
        Brokers' proposal on share sales
        91 4 TOKYO A securities industry working group will submit a report proposing to the Finance Ministry a revision of rules on initial public offerings, an industry source said. The working group, led by the Japan Securities Dealers Association, has been considering revising the rules because of
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      • Article
        Macau casinos' revenues soar
        74 4 HONGKONG The gross receipts of Macau's and Standi Ho's gambling operator STDM jumped 38 per cent to billion patacas (***** million) in the first quarter of jus year from the same period in 1991. Sociedade de iCrirismo e Diversoes de Macau operates eight casinos in the
        74 words
      • Article
        AL to acquire new aircraft
        52 4 MXNILA Newly-privatised Philippine Airlines plans to upgrade its fleet and is negotiating with several manufacturers, including the European Airbus consortium and Boeing of the United States, a PAL spokesman said yesterday. "We're looking at all the possibilities, all the equipment that would suit our needs,"
        52 words
    • Article
      Indon developer plans to set up property trust
      423 4  -  Danayasa draws up USs4b inner city project in Jakarta From Florence Chong in SYDNEY INDONESIAN property developer Danayasa Arthatama, which is planning an ambitious US$4 billion (556.4 billion) inner city redevelopment in Jakarta, wants to set up a property trust to tap
      423 words
    • Article, Illustration
      Lock icon Seoul protesters ask government to stop stock market plunge
      356 4 AP SEOUL About 30 investors angered by plummeting stock prices demonstrated in a downtown brokerage yesterday, hanging banners and shouting demands for the government to stop the plunge. A man in his 50s bit his finger and used his blood to
      AP  -  356 words
    • Article
      Lock icon First Chinese float in Australian market raises questions
      408 4 Reuter SYDNEY China's planned float on the Australian bourse of its partial stake in a local mining concern has analysts wondering if this is the start of a trend for China's foreign currency-hungry state companies. But they doubt the move will spark
      Reuter  -  408 words
    • Article
      Lock icon Proposal to list Thai state telephone body on stock exchange
      254 4 AFP BANGKOK Thailand's state-run telephone organisation is likely to be listed on the local stock exchange, an official at the Communications Ministry said yesterday. The Minister of Transport and Communications Nukul Prachuabmoh has agreed in principle to the proposal which
      AFP  -  254 words
    • Article
      Lock icon Extended trading hours and govt probe take toll on Bangkok bourse
      445 4 Reuter BANGKOK Fears of a probe into market manipulation by a government watchdog body and unfamiliarity with new extended trading hours have helped to drive volume on the Thai stock exchange down in recent days, brokers said yesterday. Most
      Reuter  -  445 words
    • Article
      Lock icon Sharp aiming to extend success into portable electronics
      497 4 Reuter TOKYO Eighty years ago, Tokuji Hayakawa said he wanted to make products others would imitate. His first success was in making pencils. Hayakawa founded the Sharp Corporation, which has since moved on to technologies expected to dominate portable electronics one of
      Reuter  -  497 words
    • COMPANY BRIEFS
      • Article
        KIO said to have hired Salomon as adviser
        89 6 LONDON The Kuwait Investment Office (KIO), one of the most powerful investors in the world, has hired US investment firm Salomon Brothers as an adviser to help manage its huge investment portfolio, bankers here said. Officials at both Salomon and the KIO
        89 words
      • Article
        CBS posts sharp rise in profits
        76 6 NEW YORK CBS Inc posted a 39 per cent increase in second-quarter earnings on Wednesday, credited to increased advertising demand and the television network's surge to first place in the prime-time ratings. CBS said it earned US$7O.l million (Ssll3 million) or U554.53 a share
        76 words
      • Article
        Intel to invest in chip designer
        82 6 NEW YORK Intel Corp said on Wednesday it would invest about US$5O million (5580.6 million) in a small computer chip firm which in turn will gain the right to use an Intel microprocessor design to make custom chips for pock-et-sized computers. As part of
        82 words
      • Article
        Dixons turns in lower profits
        78 6 JLONDON British electrical retailer Dixons Group pic said on Wednesday its profits fell in 1991/92 and it saw no sign of a revival in consumer spending in Britain or the United States. The company, which has Dixons, Currys and Supasnaps outlets in Britain and the
        78 words
      • Article
        Philip Morris in China deal
        69 6 MILWAUKEE Miller Brewing Company, a division of Philip Morris Companies Jnc, said it has licensed the Shuang He Sheng Five Star Brewery to brew and distribute Miller High Life beer in China. Five Star, headquartered in Beijing, will distribute Miller High Life in that market
        69 words
      • Article
        Goodyear denies report on dealers
        59 6 PITTSBURGH Goodyear Tire Rubber Co denied a report that its decision to sell its tyres through the giant retailer Sears, Roebuck Co had angered many of its dealers and was eroding sales through its dealer network. "There's absolutely no substance to that at all," a
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    • Article
      Lock icon Oil majors Amoco, Unocal cutting 9,600 jobs
      471 6 Companies cite weak world economy, consolidation needs Reuter, NYT CHICAGO Adding to a massive wave of recent US corporate layoffs, two major oil companies said on Wednesday they are cutting 9,600 jobs because of the tough economic times and a need to consolidate.
      Reuter,; NYT  -  471 words
    • Article
      Lock icon GPA bankers sound out KIO, Abu Dhabi on share placement
      268 6 FT LONDON GPA Group's investment bankers recently approached the Kuwait Investment Office and the Abu Dhabi Investment Authority about the placement of up to US$5OO million worth of new shares to plug the gap in the aircraft leasing group's finances.
      FT  -  268 words
    • Article
      Lock icon Global downturn takes toll on industrial giants
      594 6 AP NEW YORK When the sky falls, the giants get hit first. The world's biggest industrial companies learned that proverb in 1991, with profits tumbling 28.2 per cent, sales gains lagging inflation and the number of money-losers more than doubling from a year
      AP  -  594 words
    • Article, Illustration
      Lock icon Nike reports record earnings; LA Gear posts quarterly loss
      498 6 NYT SAN FRANCISCO Two makers of athletic shoes and sports wear reported widely divergent financial results on Wednesday. Nike Inc of Beaverton, Oregon, reported its fifth consecutive year of record revenues and earnings, while LA Gear Inc of Los Angeles reported
      NYT  -  498 words
    • Article
      Lock icon O&Y strikes deal on late payment for San Francisco project
      385 6 Reuter TORONTO Property developer Olympia York Developments Ltd has reached an agreement on an overdue payment for a San Francisco office project and is discussing with Citibank about another loan due today, says an O&Y spokesman. "Basically they reached an
      Reuter  -  385 words
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      182 3 I IN THE MARKET PAGES I OTC boost for S'pore 16 Tokyo extends rebound 22 Change of Name Factory Registered Office: Plo 428. Jalan Besi Satu Pasir Gudang Industrial Estate ***** Pasir Gudang. Johor Telephone 07-*****0 Telefax 07-*****4 Telex ***** is the new name address of NALIN CHEMICALS SON BHD
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      Page 4 Advertisements Column 1
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      293 words
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      Page 4 Advertisements Column 2
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      189 5 •f 1 IF Thf.y J<£ \AujeYou, Why Haven' t They Given TiOu A Volvo? n •J 'jm o'l I -WPf i 1 m aaM '^WMPBi i c i B BL I :i^J •r»"* A Volvo is a valued asset. So too are the people who drive them. i«. S Jt
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      301 6 FINANCIAL DERIVATIVES Risk Management And Controls July 30,1992, Thursday Pan Pacific Hotel, Ballroom 3 Singapore 8.45 am to 2.00pm The significant growth of the financial derivatives market in recent years raises fundamental questions about the risk management and controls over the trading in such instruments. Financial regulators worldwide are concerned
      301 words
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  • FINANCIAL NEWS
    • Article
      Lock icon Fed penalises, sues Saudi banker in BCCI scandal
      415 7 Reuter NEW YORK The Federal Reserve on Wednesday slapped a penalty of up to US$l7O million (*****.7 million) on a former top executive of Saudi Arabia's biggest bank and charged that |)e helped conceal the financial condition of the collapsed Bank of
      Reuter  -  415 words
    • Article
      Lock icon Financial markets jolted as Saudi bank dumps silver
      546 7 AP NEW YORK For the first time a sharp disturbance in major financial markets has been linked to the Bank of Credit and Commerce International scandal, several investigators in the case said on Wednesday. Silver's fall spilled into the oil market, and
      AP  -  546 words
    • Article
      Lock icon Bank of England seeks new powers
      377 7 Reuter LONDON The Bank of England has said it needed new powers to regulate banks to prevent another scandal like the closure last year of the Bank of Credit and Commerce International (BCCI). Britain's central bank rejected accusations that supervisors acted too late to
      Reuter  -  377 words
    • Article
      Lock icon Over-regulation threatens London's status
      270 7 Report cites changes in regulatory framework Reuter London's position as a leading international financial centre is Z threatened by over-regula-tion, says a report commissioned by the business district's urt>an authority. "An important threat to London's success comes from changes in the regulatory framework," said the report,
      Reuter  -  270 words
    • Article
      Lock icon Sakura Bank to cut assets in Europe, shift focus to Asia
      337 7 AFP TOKYO Japan's Sakura Bank Ltd plans to cut its assets in Europe and the United States by some 1,000 billion yen (5512.9 billion) in the two years ending in March, a senior bank official said yesterday. Teisuke Kitayama,
      AFP  -  337 words
    • SMALL CHANGE
      • Article
        Foreign buying of Tokyo securities at 5-year low
        70 7 TOKYO. Foreign investors were net sellers of Japanese bonds issued abroad for the first time in two years in May, depressing purchases of Japanese securities to a five-year low, the Finance Ministry said on Wednesday. The ministry said overall purchases of securities
        70 words
      • Article
        Seoul's forex deals rise 52pc
        66 7 SEOUL South Korea's inter-bank foreign exchange transactions in the first half of 1992 increased 52.4 per cent fo a daily average of U*****.9 million from U*****.9 million a year earlier, the Bank of Korea said. Spot transactions averaged U*****.2 million daily, up 46.5 per cent
        66 words
      • Article
        Taiwan exporters keep funds abroad
        90 7 TAIPEI Taiwan's exporters are keeping more of their money abroad to fund growing foreign investment, central bank officials said. Of U5541.39 billion earned by Taiwanese exports in the first half of this year, U5527.85 billion was converted back into Taiwan dollars and U5513.54 billion was
        90 words
      • Article
        Stanchart fires 5 more in Bombay
        83 7 BOMBAY Standard Chartered Bank said on Wednesday it had sacked five more staff members and demoted others for "irregular activities" in the continuing fall-out from the country's worst financial scandal. "This action has been taken as a result of internal investigations conducted by Standani
        83 words
    • Article, Illustration
      Lock icon Indian parliamentary probe into scam
      293 7 Reuter NEW DELHI Prime Minister P V Narasimha Rao yesterday announced the setting up of an all-party parliamentary inquiry into a billiondollar scandal which has rocked India's stock markets and banking system. He told Parliament that members of the inquiry would be named within a
      Reuter  -  293 words
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      Page 7 Advertisements Column 1
      59 7 EE ill t|| Access computer users «1 and enthusiasts with figgg-'ilt W "Computermart". Another series on computer products in jUI ||||j| The Straits Times Classified on July 17. Ifs :p'- *4 where prospects will be looking for product J it j tips from computer businesses. Go on-line with Cara Tan
      59 words
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      Page 7 Advertisements Column 2
      129 7 r i r f t The Tourbillon Watch in 18 Karat Gold r f f This is the unique Tourbillon watch certified by the Swiss Official Chronometer Testing Authority (C.0.5.C.1: The production of this chronometer is an unprecedented technical feat for a wristwatch of this kind. It is confirmation of
      129 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Thai central bank sees 63b baht budget surplus
        90 8 BANGKOK The Bank of Thailand predicted yesterday the government's budget surplus in fiscal year 1991-92 (OctoberSeptember) will be 63 billion baht (554.02 billion), 20 billion baht above target. But the surplus will be less than the 123 billion baht recorded for 1990-91.
        90 words
      • Article
        Suharto on save energy drive
        73 8 JAKARTA Indonesian President Suharto yesterday called for a national drive to save energy, saying the country's energy need was growing rapidly and put heavy strains on the government's power supply capacity. Mr Suharto said in a speech to inaugurate several development projects in Bengkulu province
        73 words
      • Article
        Aussie mission to S Africa off
        72 8 SYDNEY Australia's first trade mission to South Africa since the easing of sanctions was called off yesterday amid uncertainty over the republic's political and business future. The mission was to have been represented by diverse interests such as mining, the food industry, the legal
        72 words
      • Article
        Fiji regains international respect
        64 8 HONIARA Fiji was restored to international respectability with announcements by Australia and New Zealand here on Wednesday that normal relations, including defence cooperation, are to be resumed almost immediately. The decision follows last month's election of Sitiveni Rabuka, the former military commander who led Fiji's 1987
        64 words
      • Article
        Sri Lankan head on S Asia trip
        46 8 COLOMBO Sri Lankan President Ranasinghe Premadasa will visit the other six members of the South Asian regional grouping SAARC from September, a spokesman said yesterday. It will be Mr Premadasa's first trip abroad since he took office in 1988.
        46 words
    • Article, Illustration
      Chinese replace Japanese as top HK property buyers
      549 8  -  Mainland firms bought USs932m worth of property last year By Abdul Hadhi SINGAPORE China has replaced Japan as the biggest foreign player in the Hongkong property market, according to recently released studies. Reports by real estate consultancy Brooke Hillier Parker and the
      549 words
    • Article
      Lock icon Philippines to urge China to seek peaceful solution to Spratlys dispute
      433 8 Reuter, AFP MANILA The Philippines will tell China that it favours a peaceful solution to the dispute over ownership of the Spratly Islands in the South China Sea, Foreign Secretary Raul Manglapus said yesterday. He said he would bring
      Reuter,; AFP  -  433 words
    • Article
      Lock icon Military, big business call the shots in Ramos' Cabinet
      323 8 AFP MANILA Powerful businessmen and former brothers in arms call the shots in President Fidel Ramos' Cabinet, making for conservative, in-vestor-friendly policies consistent with the Philippines' development goals. Former general Ramos, swept to power in May elections in which voters repudiated
      AFP  -  323 words
    • Article
      Lock icon Aussie jobless rate hits post-war record
      217 8 AFP SYDNEY Australia's jobless rate hit a post-World War II record of 11.1 per cent in June, prompting Treasurer John Dawkins to declare yesterday that his August budget would focus on improving employment prospects. Mr Dawkins described the unemployment data as "of very great
      AFP  -  217 words
    • Article, Illustration
      Lock icon A diamond miner's double life
      674 8 Social experiment in Aussie mining village Reuter KUNUNURRA, Western Australia Diamonds may be a girl's best friend but Chris Dovey, a female plant operator at the world's biggest diamond mine, is oblivious to their lure. Like most workers at the Argyle mine in Western Australia,
      Reuter  -  674 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1028 8 t REPUBLIC NEW YORK CORPORATION Parent Company of REPUBLIC NATIONAL BANK OF NEW YORK Head Office 452. Fifth Avenue. New York, NYIOOIB Singapore Branch 143. Cecil Street *01 -00. GB Budding, Singapore 0106 Telephone *****77 Telex RS ***** Fax *****69 CONSOLIDATED STATEMENTS OF CONDITION CONSOLIDATED STATEMENTS OF INCOME (In Thousands)
      1,028 words
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  • THE WORLD
    • Article
      Lock icon US business failures surge 15.9pc
      514 9 Dun Bradstreet bankruptcy report casts pall on economic outlook UPI NEW YORK In another gloomy report on the condition of America's economic health. Dun Bradstreet Corp has reported that US business failures climbed 15.9 per cent during the first five months of the year. Last
      UPI  -  514 words
    • Article
      Lock icon China takes stock of state assets in economic drive
      266 9 Reuter BEIJING China is taking a huge inventory of its state assets as a prelude to forcing more state firms to adapt to a market-style economy, official media said yesterday. Officials and economists said the stock-taking, due to last about two
      Reuter  -  266 words
    • Article
      Lock icon Surplus jump likely to see more pressure on Japan to spur economy
      368 9 IHT TOKYO For Prime Minister Kiichi Miyazawa, the end of the Munich summit meeting on Wednesday came just in time, only hours after his government announced that Japan's current-account surplus in May had more than doubled from a
      IHT  -  368 words
    • Article, Illustration
      Lock icon Clinton picks Gore as his running mate
      392 9 USPRESIDENTIAL Choice gives Democrats a youthful ticket AP LITTLE ROCK, Arkansas Bill Clinton has picked Senator Albert Gore Jr, an outspoken supporter of international environmental causes, as his vice-presiden-tial running mate. Gore's spokeswoman said yesterday. Mr Gore was flying to Little Rock for
      AP  -  392 words
    • Article
      Lock icon Three top contenders in dead heat
      167 9 AFP WASHINGTON The three major US presidential candidates are in a statistical dead heat, according to a poll released on Wednesday. Undeclared independent Ross Perot won 33 per cent of the vote, followed by Republican President George Bush with 31 and Democrat Bill Clinton
      AFP  -  167 words
    • Article
      Lock icon Voters confront Perot, a man with no plan or a stand
      439 9 News analysis NYT DALLAS Now is the testing time for Ross Perot. The last few weeks have battered the Texas independent's still-undeclared presidential campaign and have stalled its momentum, causing slippage in the polls and worry in the offices
      NYT  -  439 words
    • WORLD WATCH
      • Article
        German manufacturing investment falls: survey
        98 9 BONN A three-year investment boom by West German manufacturers has come to a halt as companies tighten belts due to a weak economy and high interest rates, a survey by the Munich-based Ifo institute said. Manufacturing investment outlay will fall a real 2 per cent
        98 words
      • Article
        Seoul deficit seen narrowing
        62 9 SEOUL South Korea's current account deficit is expected to narrow to US$4.l billion (556.6 billion) in the first half of 1992 from US$5.5l billion a year earlier, provisional Economic Planning Board figures showed. No further details were immediately available. South Korea's current account deficit in the
        62 words
      • Article
        Beijing's farm investment plan
        88 9 BEIJING China plans to invest six billion yuan (SSI.B billion) a year to improve agricultural yield, the official New China News Agency said. It aims to increase grain output each year for an unspecified number of years by 3.5 per cent of the 1991 total of
        88 words
      • Article
        India firm about missile move
        56 9 NEW DELHI India vowed on Wednesday not to allow international pressure to come in the way of its ambitious missile development programme. Minister of State for Defence S Krishna Kumar said the programme, aimed at developing a family of world class missiles, was completely indigenous
        56 words
      • Article
        Charge against De Klerk renewed
        95 9 JOHANNESBURG The African National Congress yesterday rejected the findings of an inquiry into township violence and renewed a charge that President FW de Klerk was to blame for the deaths of over 1,800 people. "He is guilty by omission for not taking the necessary steps
        95 words
    • Article
      Lock icon OECD forecasts gradual recovery for French economy
      319 9 FT PARIS The French economy has performed better than most of the world's leading industrial countries, but will only gradually return to a faster rate of growth, according to the latest annual report by the Organisation for Economic Cooperation and Development (OECD). After
      FT  -  319 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      96 9 SYDNEY, AUSTRALIA COMMERCIAL INVESTMENT Fully leased to the WESTPAC BANKING CORPORATION Long lease B+s years with regular rent reviews. Newty constructed building (1988) Nett rental .M556.727.54pa NLA 2090m 2 approx over 2 levels -m /^SB\\ 45 security undercover carspaces (l W SYDNEY GROWTH METROPOLITAN StBIJRB Contact Jonathan Hunt Contact Patncia
      96 words
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      Page 9 Advertisements Column 2
      332 9 GB HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBYGIVEN that the Annual General Meeting of the Company wil be held it the Company's Registered Office, 26 Jalan Terusan, Jurong Town, Singapore 2261 on Tuesday 28th July 1992 at 10.00 am to transact
      332 words
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      Page 9 Advertisements Column 3
      45 9 Perot speaks, Pg 10 CARPET AUCTION 100 carpets and rugs from Persia, Pakistan and Afghanistan. All carpets are backed by a full trade-in guarantee at our showroom. Auctioneer: Presenter: lee boon chuay peter hedger 24A/26 Lorong Mambong (Holland Village Back Area) Singapore 1027 Tel: *****26
      45 words
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  • Article
    G7's wasted opportunity
    463 10 EDITORIAL ABANDONING the British penchant for understatement, Prime Minister John Major provided the bluntest assessment of the just-concluded Group of Seven summit. "There are no specific agreements on anything," he declared. That summed up the high-profile meeting of leaders of the seven largest industrial nations. The Munich
    463 words
  • WHAT THE OTHERS SAY
    • Article
      No bull in China's shop
      192 10 THE MAN who will manage Hongkong's transition to Chinese rule in five short years, Mr Chris Patten, takes office today at a time neither propitious nor grim. While it may seem obligatory for both sides to act theatrical as the changeover approaches, there are enough
      192 words
    • Article
      Umno scores a win
      198 10 IT WAS A political victory for Umno when six of the nine hereditary Malay rulers endorsed the declaration on the code of conduct of monarchs. With the exception of the Sultan of Kelantan, Umno seems confident of getting the endorsement from the rulers of Johor and
      198 words
    • Article
      Respect ties with China
      162 10 THE EXAMINATION of ties with China by the Western countries during the G-7 summit is worth taking note of. The present trend suggests that Western countries have mended their ties with China. which suffered a setback during the democracy movement of June 1989. Within the Big
      162 words
  • REGIONAL VIEWPOINTS
    • Article
      Counter them effectively
      155 10 THE AVALANCHE of attacks by foreign groups on the country's environmental and human rights records at Malaysian trade and investment seminars is worrisome. These non-governmental organisations (NGOs) are serious and effective in manipulating the truth to batter our image and impair our trade relations with other countries.
      155 words
    • Article
      Sunrise on the horizon
      169 10 THE FINANCIAL REFORMS introduced by the government last October, while taking away their niche in the secondary market, have envisaged for discount houses a different and wider role that, perhaps, is of more importance, in that they are now well placed to contribute to the further
      169 words
    • Article
      Make decisions transparent
      170 10 JAPAN is the world's largest donor of official development assistance, with the total hitting 1.5 trillion yen in 1991. Still, the country exudes a weak image as a donor because its aid policy has not been backed by clear-cut ideas and principles, a frequent topic of the
      170 words
  • Article, Illustration
    Lock icon Perot parlance
    1808 10 Ross Perot aims to wake up America in his speeches, which contain little substance but can be moving. Here are excerpts of a recent speech NYT ROSS Perot, whose flirtation with an independent presidential candidacy has shaken the political establishment of both parties, likes to boast that he
    NYT  -  1,808 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      43 10 DOONESBURY by garry trudeau YOU KNOW, FORTUNATELY, HE WAS AO£PmP lA6ONKBP(MX.UJHICH eARLY ANP U W/ KJNP6R6AKTBN TOSBND HIUOALB'S JUST SO NCOfiWR- f U^~.U^ LL W» THE-. i CMtSTOPHEJITOIFHt Q A3LY SUPeMOR. TO 7H£ tf V WHAT? 1 PtPN7G£TtNTO OTHBR. SCHOOLS, PONT jV f
      43 words
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  • ANALYSIS
    • Article
      Lock icon When little grains add up to b-i-g business
      825 11  -  The name of the game is hybrid rice. And the Chinese are sacks ahead of the pack. Richard Critchfield reports Richard Critchfield IHT THE East Asian challenge to Western technological supremacy is moving into a new area: rice-growing. The Chinese are making
      IHT  -  825 words
    • Article, Illustration
      Renaissance in Shanghai
      1081 11  -  A J Leow takes in the buoyant mood of Shanghai, a city reawakened but still haunted by its historical past A J Leow THIS IS AN exciting time to be in Shanghai," said Peter Tee, a Singaporean expatriate, over dinner at the downtown Shanghai JC Mandarin, as
      1,081 words
    • Article, Illustration
      Lock icon All the world's a trading room
      1015 11  -  Barbara Durr and Tracy Corrigan discuss both the enthusiasm and the scepticism surrounding the costly and much-awaited Globex after-hours trading system Barbara Durr,Tracy Corrigan FT ANEW trading system for futures and options launched on June 25 could mark a turning point in the shift
      FT  -  1,015 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      829 12 Nothing Beats A Bud. Hfflnfll where to wine, dine Kunc OF I^——■ g > TEA TIME DELIGHTS S|hmhl ii leisurely weekciul afternoon with hoi t<«\<niriies like l-"rie(i (Ihickni. I'rawu Kriitt'r. S<x>ti K\va\'. l<oi«ik or c <m»I \viniK*rs like- mousse amt irllk-s. lartieis aixt |W»stries ainl cMiid Cafe Plaza Plaza Hotel
      829 words
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      Page 12 Advertisements Column 2
      258 12 JL Morfjeabw En Guete It's time you /^v 0 1, the diverse culinary delights of Switzerland. And k here's your chance when Top j\ of the M brings you the finest in Swiss I I |flr |L AWe serve the world to you at Top of the M \k. S
      258 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      619 12 TELEVISION AND RADIO c nTT 0 sbc l tsaaa'.o. $5SwjST 11 'I*'1*' Nav a Draver tor nie a^ AV-r-M» Wgfctly leifc ■ll imyt i 0.30 Star fitttor Tncky Brains 9JO Ceieres The Fastest Hands 7.05 am, 1.30pm, 5.05pm, 1.05 am: ii ¥T IWu^iiU^Slerco) tW 1240 iScteee. this Side of Rio
      619 words
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  • LIFESTYLE
    • Article, Illustration
      Campus awakening
      723 13  -  Michelle Low reviews Opening Show, the launch-pad of the National University of Singapore's Bth edition of Campus Concerts Michelle Low ITS that time of year again. The dust has settled on the Arts Festival and the university undergrads are restless. Time for Campus Concerts, and if the opening
      723 words
    • Article, Illustration
      So you want to be a writer
      581 13  -  Well, read on and find out about Singapore's Golden Point Award. Cheryl Liew has the details Cheryl Liew IT HAS been estimated that one out of every 25 Americans is writing a novel in his spare time, and given the rapidly rising number
      581 words
    • Article, Illustration
      G-7 wives take in the sights in Munich
      550 13 BARBARA BUSH greeted Naina Yeltsin with a peck on each cheek on Wednesday a warm welcome she wasn't willing to repeat for slow-fin-gered shutterbugs. "I love her, but once a morning is enough," joked the First Lady after a photographer asked her
      550 words
    • Article
      Lock icon A drink to your health in your old age
      295 13 NYT Alcohol has the same protective effect on the hearts of elderly people as it does on younger ones, reducing the risk of death and heart disease, says a new study. But experts caution that elderly people should think twice before
      NYT  -  295 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      253 13 AND ENTERTAIN 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 16 M*. Sxgapox 1025 732-1222 ext 1700 «»>«1222 COOK IT YOURSELF! Cook lobster scallop salmon. I squid the
      253 words
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      Page 13 Advertisements Column 2
      54 13 4=^=|=» Barbaquad Raking Duck 17/7/92 |g^j^J^gjg*Jggrthd|^^Bgany^J^yJjnj^^^H Itfrta &M Ml M fWi wlSora Bhr *****) Starts. F« w&M CWm S«m wlPnfic Qm H Art Hta fVTin M mo«h H Dap FiM Ciapy CMclai •«m kUor S*o f f MAPLE LEAP Sze-Chuan Restaurant 390 Victoria Straat #01-OlXMOotdan Landmark Shopping Centre Stag*x»»o7ie T«|
      54 words
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  • SPORTS
    • SIDE LINES
      • Article
        Korda advances in Swiss Open
        62 14 GSTAAD, Switzerland Top seed Petr Korda of Czechoslovakia advanced to the second round of the Swiss Open on Wednesday with a 4-6, 6-2, 6-0 victory over Argentina's Horacio de la Pena. Argentina's Gabriel Markus eliminated countryman and seventh seed Alberto Mancini 6-4, 3-6, 6-4 in
        62 words
      • Article
        Martinez beats Thorns
        48 14 KJTZBUEHEL, Austria Top-seeded Conchita Martinez of Spain completed her rain-interrupted first-round victory over Heike Thorns, routing the German 6-1,6-2 on Wednesday in the US$l5O,OOO Austrian Ladies Open. Second seed Manuela Maleeva-Fragniere of Switzerland shut out Denisa Szabova of Czechoslovakia 6-0, 6-0 in a second-round match.
        48 words
      • Article
        Bid for new trial
        61 14 INDIANAPOLIS Mike Tyson's attorney filed a petition with Marion Superior Court on Wednesday aimed at winning a new trial for the former heavyweight champion. In a petition for post-conviction relief, Harvard law professor Alan Dershowitz argued that Desiree Washington's main motive for accusing the 26-year-old boxer
        61 words
      • Article
        Pedal power
        71 14 LIBOURNE, France Two former winners of the Tour de France gained some confidence after Wednesday's team time trial. Stephen Roche of Ireland, the 1987 winner, helped propel the Can-era team to second place in the fourth stage and moved into fifth overall. Three-time winner- Greg LeMond. after struggling
        71 words
    • Article
      Lock icon Seeing red over greens
      268 14 Reuter GLENEAGLES, Scotland American Mark Brooks on Wednesday joined in the denunciation of US golf officials over the set-up of the Pebble Beach course for last month's US Open. Brooks, after an opening 65 at the Scottish Open, said he had recovered from the scars left
      Reuter  -  268 words
    • Article, Illustration
      Lock icon Drechsler sets season's best in women's long jump
      471 14 AP LAUSANNE Germany's Heike Drechsler missed the world record in the women's long jump by only four centimetres on Wednesday with a leap of 7.48 metres, tying the second-best performance in history. World champion Yobes Ondieki of Kenya ran the season's fastest
      AP  -  471 words
    • Article
      Lock icon Eat, sleep and pedal
      650 14 Reuter PARIS For three weeks in July a Tour de France rider undergoes the most arduous of sporting endurance tests. But his daily routine could hardly be simpler. "You eat, you sleep and you pedal. Nobody asks you to do any more than that," said Gilbert
      Reuter  -  650 words
    • Article, Illustration
      Lock icon Maradona wants to play again — for Boca Juniors
      416 14 Maradona wants to play again for Boca Juniors AP MILAN Following a 15month international suspension and repeated retirement plans. Diego Armando Maradona announced this week he wants to play professional soccer again with Boca Juniors in Argentina. "I have a dream, if Napoli releases me. To play with Bo- ca
      AP  -  416 words
    • Article
      Lock icon IOC optimistic about Yugoslavian participation in Olympics
      338 14 AP LAUSANNE Yugoslavia may send athletes to the Summer Olympics in Barcelona despite United Nations sanctions, the president of the International Olympic Committee said yesterday. lOC chief Juan Antonio Samaranch said he proposed that Yugoslavs compete as individuals under the neutral Olympic flag
      AP  -  338 words
  • Page 14 Advertisements
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  • FOCUS
    • Article, Illustration
      Lock icon More losers than winners
      713 15 After the Group of Seven Summit Meeting Reuter BILLED as a losers' summit with seven politically troubled leaders too weak to agree on action to boost world growth, the Munich Group of Seven Summit largely lived down to expectations. Overshadowed by domestic problems or election worries,
      Reuter  -  713 words
    • Article
      Lock icon After all is said and not done
      666 15 AP IT FELL to Canada's Brian Mulroney to say what was on a lot of minds at this 18th annual economic summit. Mr Mulroney, with tongue only partly in cheek, suggested that President George Bush might just get in a room and hold
      AP  -  666 words
    • Article
      Lock icon Yeltsin scores success abroad, faces trials at home
      577 15 Reuter PRESIDENT Boris Yeltsin won bouquets of praise and financial help from world leaders in Munich, but must now sell their stringent conditions to an impoverished Russia. "I expected no more, I wanted no less," Mr Yeltsin said after talks with leaders
      Reuter  -  577 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      219 15 Fly Emirates. Europe Subcontinent SINGAPORE TO ROME THREE TIMES A WEEK. i, t iiiiifc'lß|' delighted to announce our latest route to more space to stretch out and relax. a city which personifies such style. During your flight, you'll find we are 9£ 3^^BTg^^'" a s 'WmiH Where else but Rome?
      219 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market firms as OTC stocks take centre-stage
      930 16  -  By William Chia SHARE PRICES on the Singapore stock market closed firmer on bargainhunting with Clob International trading mostly Malaysian shares taking centre-stage yesterday. The 30-share Straits Times Industrials Index rose 7.50 points to close at 1,481.02 after trading steadier in the day
      930 words
    • Article, Illustration
      Lock icon HOT STOCK
      70 16  -  By Quak Hiang Whai Comment AT 45 cents, MBf Holdings has fallen to one of its lowest points in the last 10 years. Daily stochastics are creeping up while weekly s toe has tics are reversing upwards from near zero. Thir-teen-month RSI is below 25, indicating a possible
      SOURCE: BRIDGE INFO  -  70 words
    • Article
      Untitled
      2428 16 Gr'i Gr's 1992 Tel Cuit Last Vol Day Last Quote Dn Di» YTd Net M Cap High Low Code Company Traded Sale +or- ("000) High Low Buyer Seller CV P/E S«il INDUSTRIAL AND COMMERCIAL ~220 Pro 1000 Acma W 7, '?20 11? .SHSE-"*" ;jo Jg j8 U m ,s ,oS
      2,428 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3074 17 DBS Foreign 1400 40 2.9% Jurong Ship 50« 930 +30 +3.3% Asia Pacific 1140 +20 +1.8% FAN 1080 20 +1.9% OCBC Foreign 1400 20 +1.4% SIA Foreign 1800 +20 +1.1% Setnb Shipyard 775 +20 +2.6% Metro Hldgs 444 +16 +3.7% Ceretoos 25* 328 +12 +38%
    3,074 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      135 17 YOUR KEY TO BETTER BUSINESS DECISIONS! Shine is Singapore Press Holding?' inforich database financial statements highlights, graphs, latest results team: T. S. Liu on 740 1035, Hazel Ong on 740 1771 on Teleview, which incidentally is the most advanced and company news. or Tony Chia videotext system in the world.
      135 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3096 18 Magnum Corp SO* 498 46 +10.2* Dunlop Est CULS 186 +28 +17.7* Dunlop Est 190 +26 +15.9* M Banking 550 +15 +2.8* H Leon* Credit 294 +11 +3.9* GIL US$0.10 93 +5 +6.3* Tech Resources 65 +9 +16.1* MISC Foreign 448 +8 +1.8* Multi-Purpose 72%
    3,096 words
  • Page 18 Advertisements
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Index breaches resistance level on strong buying
      5281 19 Bernama, Reuter SHARE PRICES closed higher on strong index-linked buying with the Kuala Lumpur Stock Exchange Composite Index moving past the key 600 point mark for the first time since June 17, brokers said. The KLSE Composite Index added 7.75 points to 603.72
      Bernama,; Reuter  -  5,281 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      220 20 CifHj Date Y MT CrMf N«t MunhptnM mr to pr«<lt/lo»« (L) Mr rtar# dMM (•MM) (cMts) B Sembawang Jul 6 Mar 92 $17,167 ($4,251) 71.5(17.7) 35j(35j) low Ken( Huat Jul 3 Jan 92 $6,276(17.851) 9.2(10 9) Inno Pacific Jun 30 Dec 91 $14.375l($9,187L) -(1) Surofcne Allied Jun 29
      220 words
    • Article
      PRELIMINARY RESULTS
      219 20 Company Date Year Croup pre-tax Hot earning Gross Mn to profit/loss (L) per start dividend (000) (cents) GP Batteries Jul 2 Mar 92 515.492(514,186) 41.3(479) 188TE(176TE) IMC Hldgs Jul 2 Mar 92 5183dg(5198dg) 52(56) 40(40) Pelangi Bhd Jul 1 Mar 92 M537,824(522,583) 11(9) 15(10) Pertama )un 30 Mar
      219 words
    • Article
      INTERIM RESULTS
      158 20 Comoany Date Half-year Group pre-tax Interim aHn to profit/tos* (L) dWdand (••00) M Cement Jul 6 May 92 M$36.539($37.272) 18(16) ha Pacific Jun 26 Mar 92 $63,038(559.214) UN(ION) F&N tun 26 Mar 92 $99,550(189 232) 9 2(9 2) Pacific Can Jun 26 Mar 92 $2.0341 ($30) Van der
      158 words
    • Article
      RESULTS FORECAST
      124 20 Mm leart Let Fri Year Ferecast Me Net let Pre* EPS mmci Tor EPS Grass prait hip N> tan Peried tost* eafeg (els) (TIM) (ets) CM Last Frf Year Ferecast »a* let let Pre® EPS mmet Te* EPS frees prait N« N" C*a*1 NrW lest jr oritog (ets)
      124 words
    • Article
      OTHER RESULTS DUE
      732 20 Kan Last M Tear Umm Mt Ye« EPS Crw IW WMd M«M (CtS) *> Ml last jear EMS Ftnai No* 6 Jul 91 3.0TE 17,8781 C Pwf«ti« Interim Jul 11 Dec 92 231 500 6943 Fml Rmkc Interim Jul 2* Dec 92 10 8 < 003 Scab
      732 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      536 20 Traas Registered Sufcttortial kammmt IhwataMlac Stock Date Holder SlurelwWer/Director Sell sham Wl* Tat Lee Bat* 07/07/92 OBS Nominees (Pte) Ltd DBS Bar* *B 45.000 140.194 22.665.882 13 10 13 13 2 2 OCBNom eesP,eLW ntiT* «S 35 8SJ 2UUS32 9 41 ***** 532 9 40 FELS 03/07/92
      536 words
    • Article
      DIVIDENDS ANNOUNCED
      848 20 Cwrwrt Ex Bosks Date Tatel lar Tstel Isr payment date dose payaMe tea yaar last yaar Mti rtdgs 50c 6%(b) An 26 Sep 7 Sep 24 AmcU 25c 10% Aug 21 Aug 27 Sep 10 10% 10% 2.51 Jun 3 Jun 16 Jul 23 2 5% Aaa hdk
      848 words
    • Article
      CORPORATE DEVELOPMENTS
      530 20 MS SIA Engineering Company, a newly formed subsidiary of Singapore Mm Ltd, has won a contact worth $4 million to test repair and re-certify aircraft components belonging to Kuwait Airways Corporation. Stypore Computer Systems Limited has announced that its whollyowned subsidiary in Hongkong, SCS Computer Systems Limited, has
      530 words
    • Article
      APPROVED ISSUES
      520 20 Company Wtht» tow DtC Bat One-tor two MSI 25 per start Ex-date Jun 2 Books dose Jun 17 Acceptance I Payment U 30 Eu Yai Sat Three tor-one SI )5 per share Ex-date tun 17 Books Close Jun 27 Acceptance A Payment Aug 3 K«pp4 France One-tor tour
      520 words
    • Article
      PROPOSED ISSUES
      503 20 Cwpiy Man Tadi Ona-tor-one Q >1.00 per dare. *wl SM One-tor three M$2 20 per share. Issue of *****m 50% Cumulative Redeemable Preference shares of 10 sen each 1992/97 (CRPS) with up to *****m Transferable Subscnption ftghts (TSR) for an aggregate poce of M$1 per CRPS with one
      503 words
    • Article
      COMPANY MEETINGS
      165 20 Mutyha International Bhd: EGM at Bangunan Mulpha, 17 ialan Semangat, ***** Petaling Jaya, Seiangor Darul Ehsan, on Saturday, July 11, at 10.00 am Pdytck Weames Hokfinp Ltd: EGM at 18 ialan Kilang Timor, #03-00. Singapore 0315, on Monday, July 13, at 2.30 pm TDM Bhd: 27th AGM at
      165 words
    • Article
      SCRIPLESS CONVERSIONS
      79 20 Conversion Special Trdg Scriptess Conversion deadline Period Trading Company starts (IDP) (ST) starts Ea Yan Sang* Jul 1 Jul 21 Jul 9 Jul 21 Jul 22 Harimau Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 NOL Jun 15 Jul 9 Jun 29 Jul 9 Jul 10
      79 words
    • Article
      RECORD HIGHS & LOWS
      149 20 RECORD HIGHS LOWS ST Industrials Index nT Composite Index 12? Jf !5SS 1992 1316 68 < 21/2/92) !2? Sr *558 3/6/91 1992 *****1 (9/4/92) 2 5? 5X2 MR 1/q 1991 1333 08 (3/6/91) £1 Si \£v 27/3/90 1991 1022 52 (16/1/91) !2S? S2 m/io/oo! 1990 1435 43 (16/7/90) IS-JL. S
      149 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      310 20 In local cut In SS In US$ dy yr dy yr dy yr July 8 Index chge chge chge chge chgc chgc World 379.3 -0.1 -7.1 -0.2 -7.0 -0.3 -6.6 tEAFE 447.6 -0.3 -10.9 -0.4 -9.9 -0.4 -9.6 Europe 419.6 -1.0 2.0 -0.9 4.2 -0.9
      310 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Shares end higher as SEC allays investors' fears
      1800 21 Reuter BANGKOK share prices closed higher across the board yesterday after a Thai Securities and Exchange Commission (SEC) announcement eased investors' anxieties about tight regulation of the stock market, brokers said. The SET index rose 13.27 points, or 1.82 per cent, to
      Reuter; Source: Bridge Info  -  1,800 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Index rises marginally on selective buying
      1183 21 Reuter JAKARTA stock prices closed mixed on selective buying yesterday, brokers said. The Composite Index edged up 0.43 point to 320.13. Brokers said local investors, expecting the lifting of a ban on foreigners buying banking shares, continued to be active in them. They said
      Reuter  -  1,183 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      7 21 Advertising and Marketing every Thursday in BT
      7 words
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      Page 21 Advertisements Column 2
      740 21 QUALITY RECRUITMENT est lie Appointments pages BUSINESS TIMES ToM IT— Ttol Mo 737 OOP F« No: 734 3606 Focal Finance Focal Finance Limited Incorporated in Singapore (A MwntMr of ttw OCBC Group) ANNOUNCEMENT Pursuant to Article 32(4) of the Article# of Association of the Company, it is hereby announced that
      740 words
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      Page 21 Advertisements Column 3
      263 21 r MTHE MATTER OF THE COMP AMES ACT, (CHAPTER 50) AND MTHE MATTER OF JEWEL (S) PTE LTD (Incorporated in the Republic of Singapore) (IN LIQUIDATION) (MEMBERS' VOLUNTARY WMDMG-UP) Notice* hereby oven that the creditor* of tie above Company, which is being voluntarily wound-up, are required on or before tie
      263 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market continues technical rebound
      2607 22 Reuter TOKYO STOCKS pushed their technical rebound to a second day and closed firmer in choppy trade yesterday. Heavy short-covering in the futures market and individual bargain hunting lifted prices in dealer-led trade, brokers said. Revived hopes of easier credit also supported sentiment. "It is surprising
      Reuter  -  2,607 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Profit-taking puts pressure on prices
      2556 22 Reuter HONGKONG SHARES finished at the day's lows yesterday as profit-taking continued to pressure prices in subdued trading with most players sidelined, brokers said. The blue chip Hang Seng Index fell 56.39 points, or 0.94 per cent, to close at 5,925.52 from a morning high
      Reuter  -  2,556 words
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  • REGIONAL STOCK MARKETS
    • Seoul stocks slump as investors protest
      • Article
        SEOUL
        856 23 SEOUL STOCKS yesterday tumbled for the seventh consecutive day to below the 530 level and pessimism reigned supreme, brokers said. About 100 investors protested outside the stock market and one man wrote a protest banner in his own blood, calling on the government to intervene to halt the slide.
        856 words
      • Article
        MANILA
        584 23 SHARE PRICES fell sharply as Manila's bourse continued its downward slide yesterday, but investors believe the market may have reached support levels and may stage a temporary rally early next week, brokers said. The Manila Stock Exchange Composite Index plunged 46.3 points to end at 1,435.52 from Wednesday's close
        584 words
      • Article
        NEW ZEALAND
        251 23 THE continued rally in the interest rate markets helped New Zealand share prices along in orderly trade yesterday. The NZSE-40 Capital Index ended 7.10 points (0.45 per cent) higher at 1,577.80 on reasonable volume. The rally in interest rates helped but a neutral performance by Wall Street on
        251 words
      • Article
        TAIPEI
        501 23 STRONG FINANCIALS pulled the Taiwan stock index up to close higher yesterday but most sectors were down amid gloomy sentiment, brokers said. The Weighted Index opened higher but sank into negative territory before ending 8.68 points higher at 4,337.99. Turnover fell to a thin NTS 19 billion from Wednesday's
        501 words
      • Article
        BOMBAY
        66 23 STRIKING brokers said trading on the Bombay Stock Exchange was unlikely to begin this week as they continued their boycott for the 23rd day on Wednesday. They said they were awaking a court verdict next week on unfreezing disputed shares seized by government from some people for suspected role
        66 words
      • Article
        Untitled
        52 23 INDiCES TURNOVER Claae PiwIom Mr» NEW ZEALAND NZSE-40 Capital 1,577.80 1,570.70 7.10 MANILA Composite Index Turnover (mil pesos) 1.435.52 1.481.82 243.3 581.1 -46.3 -337.8 TAIPEI Weighted Price Index Turnover (NTS billion) 4,337.99 4.329 31 19.00 26.93 +8.68 -7.93 SEOUL Composite Stock Index Turnover (billion won) 523.07 531.79 109.64 150.97 A
        52 words
  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market gloomy after poor jobs data
      2118 23 Reuter AUSTRALIAN shares closed weak after the worst unemployment figures since the Depression plunged the stock market into gloom. "It's pretty grim, people are increasingly querying the timing and magnitude of this economic recovery," one broker said. The data showed unemployment rose to a
      Reuter; Source: Bridge Info  -  2,118 words
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  • WORLD STOCK MARKETS
    • Dow slips on worries over earnings results
      • Article
        Untitled
        73 24 INDICES TURNOVER July8 Cine Pint— NEW YORK Dow Jones 3,293.28 3,295.17 -1.89 SAP 500 410.28 409.16 1.12 Turnover (million) 201 226 -25 LONDON Financial Times 30 1,897.9 1,906.2 -15.1 FTSE 100 2.472.6 2,493.7 -21.1 Turnover (million) 393.8 379.7 14.1 FRANKFURT DAX Index 1,751.18 1,767.51 -16.33 AMSTERDAM EOE Index 297.28 299.92
        73 words
      • Article, Illustration
        NEW YORK
        1171 24 BLUE-CHIP STOCKS closed slightly lower on Wall Street on Wednesday as investors struggled with worries over second-quarter earnings and the economy. The Dow Jones Industrial Average closed 1.89 points lower at 3,293.28, after skipping over a wide range of nearly 30 points. Declining issues led advancers 895 to
        1,171 words
      • Article, Illustration
        LONDON
        827 24 SHARES slumped on the London stock market on Wednesday, depressed by the weakness of sterling and losses on Wall Street, before recovering slightly towards the end of the day. "At the close, the Footsie index of 100 leading shares had lost 21.1 points to 2472.6, almost wiping out the
        827 words
      • Article
        FRANKFURT
        159 24 THE Frankfurt stock market suffered through a losing session on Wednesday, as the DAX spot trend index shed 16.33 points on the day to end at 1,751.18. The Commerzbank indicator ended at 1,963.30 points, down 7.40 on the day. Operators said the drop was due to Wall Street's decline
        159 words
      • Article
        PARIS
        189 24 WALL STREETs malaise infected the Paris bourse on Wednesday, driving French share prices to their lowest close in five-and-a-half months on worries about corporate profits. Traders blamed the market's 1.67 per cent drop largely on New York's decline, which reflects investors' growing queasiness about the near-term earnings outlook for
        189 words
      • Article
        BRUSSELS
        268 24 BELGIAN SHARES closed above their day's lows on Wednesday as interest in selected shares by domestic investors left market bellwether Petrofina and some other blue chips with small gains. But retailer Delhaize, the second most active share on the forward market, was depressed by the lower dollar and the
        268 words
      • Article
        AMSTERDAM
        271 24 DUTCH SHARES closed lower on Wednesday, dogged by the dollar's weakness and the continuing downward trend on Wall Street. Prices fell at the opening and clung to their lower levels for most of the day, before picking up slightly from their lows with the dollar just before the close
        271 words
      • Article
        ZURICH
        291 24 SWISS SHARES lost more than one per cent in a lacklustre session on Wednesday. Dealers said losses were spread across the board. They said a weak dollar, high interest rates and weak bourses elsewhere in Europe weighed on sentiment. "Nothing has changed fundamentally, but investors are getting frustrated and
        291 words
      • Article
        MILAN
        146 24 THE MILAN stock market took another big hit on Wednesday, as the MIB Index closed at 842 points, down 1.17 per cent from the Tuesday close to a new low for the year to date. Operators said trading was light but "very nervous" and investors were staying away in
        146 words
      • Article
        STOCKHOLM
        129 24 SWEDISH SHARES recovered slightly in late trade on Wednesday due to a firming dollar but ended sharply lower on the day in moderate volume. The All-Share Index fell 1.55 per cent to 869.41 after sinking to 862.41 earlier in the day. The Top-16 Index was down 1.17 per cent.
        129 words
      • Article
        JOHANNESBURG
        488 24 LEADING South African share prices ended weaker in active trade on the Johannesburg Stock Exchange on Wednesday as private investors drove prices down. However, some blue chip shares closed off early lows as investors cautiously nibbled at stocks offering good value at current levels. Dealers said if Wall Street
        488 words
      • Article
        TORONTO
        314 24 TORONTO stocks on Wednesday took a breakthrough agreement on the constitution among premiers from Canada's English-speaking provinces in stride, closing flat, dealers said. M I think there are a lot of non-believers" that the constitution will be quickly passed, one said. Fred Ketchen, a senior vice-presi-dent with Scotia McLeod,
        314 words
      • Article
        Untitled
        44 24 Vienna Jaty > Aach Akg Holding 2320 30 Bank Austria (P) 457 130 E Allgem (P) 2030 10 Jungbunzi ***** unch Lcnzing 805 35 Leykam 382 unch Montana Oeaterr Brau 640 5 Semperit 89 -4 Steyr 182 1 Veitacher 333 3 Source: Z-Landerbank Bank Austria
        44 words
  • Page 24 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Investors return to buy greenback in Tokyo, sending unit higher
      1256 25 REPORTS Tokyo: The US dollar rose in Tokyo yesterday to close at 124.57 yen, up 0.57 yen from the overnight finish of 124.00 yen. It compared with a late Wednesday quote of 124.60 yen in New York. The US unit
      1,256 words
    • Article
      INTERBANK FOREX RATES
      382 25 Cross rates July s US$ SS MS Dm Yen SFr AS NZS USS 1.6150 2.5000 1.4950 124.50 0.5200 1.3460 1.3405 1.8315 SS 0.6192 1 5480 0.9257 77.0898 0.3220 0.8334 0.8300 1.1341 MS 0.4000 0.65 0.5980 49.8000 0.2080 0.5384 0.5362 0.7326 Dm 0.6689 1.0803 1.6722 83.28 0.3478 0.9003
      382 words
    • Article
      MONEY MARKET
      531 25 Interbank rates S$ Bid Offer Overnight 1 1/2 1 3/4 1-month 2 1/8 2 1/4 2-month 2 3/16 2 5/16 3-month 2 5/16 2 7/16 Overnight mode: 1-3/8 USt Bid Offer 7 days 3 5/16 3 7/16 1 month 3 3/8 3 1/2 2 months 3 3/8 3
      531 words
    • Article
      Lock icon Eurosterling bond players fear overcrowded market
      317 25 Reuter LONDON Eurosterling bond markets have acquired a healthy glow, nourished by some £1.2 billion of issues since the start of July, but dealers say they are uncertain whether the latest feast of deals will continue. Sterling bond activity has been fairly sporadic since
      Reuter  -  317 words
    • Article
      FINANCIAL FUTURES
      1517 25 SjjjEX EURODOLLAR Open High Lw Sett Est Vol Act/Vol Op/lnt Sep 92 96.42- 96.43 96.39 96 40 6065 7399 ***** Dec 92 95 99 96.01 95.96 95.97 ***** ***** ***** Mar 93 95.92 95.95 95.91 95.91 6105 7939 ***** Jun 93 95.56 95.60 95.55 95.55 3030 3411 2717
      1,517 words
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  • COMMODITIES
    • Article
      Lock icon US banana growers hit by overproduction
      618 26 Weak prices slash profit margins NYT NEW YORK Call it the great banana war of 1992. It broke out when the European market did not open as expected, saddling the big growers, newly expanded for the cause, with surpluses. Prices in Europe and to
      NYT  -  618 words
    • Article
      Tin reverses declines to end 10 sen higher
      715 26 REPORTS TIN PRICE on the Kuala Lumpur Tin Market ended 10 sen firmer to finish at M$ 17.63 per kg in line with a higher close on the London Metal Exchange overnight which was US$25 better. Turnover was 41 tonnes compared to
      715 words
    • Article
      PRICES
      1620 26 Rubber HAS Co—iidlty Exctaf (hrtww ctoijag m «t lp) RSS I Cwrtract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 142.25 141.75 142.00 350 3,850 Sep 0.00 0.00 141.75 0 6.350 Oct 000 0.00 141.75 0 3.775 Nov 0.00 0.00 141.75 0 3.800 Dec 0.00
      1,620 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      1634 26 J_gJU SI NESS TIMES" Tq<l fr— m No 737 0Q43 «Fax No: 734 -36Q8 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF BORNEO PRODUCTS A TRADING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308
      1,634 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1107 27 at, FKM n* ragM no a* n OtaM GA976 0115 KaracM §Q4I8 GA890 0150 nm SO 187 1350 SQ188 0830 GA970 2205 MH631 1520 MH630 0950 0F8l 1955 Qf82 2206 Lmmt MH605 1020 MH606 0925 SO227 2230 SQ105 1050 SQ106 1045 Hukmlam KL837 1255 SQ320 HOO
    1,107 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Hottest spot south of Havana
      487 27  -  LETTER FROM RIO By Tova Chapoval TOURISTS and residents agree that Copacabana, which celebrated its 100 th birthday on Monday, is still one of the world's most beautiful beaches. But the neighbourhood that combines both the best and worst of Rio de Janeiro today symbolises
      487 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      151 27 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1974 1.2140 Canadian dollar 1.3398 1.3670 NZ dollar 0.8712 0.8888 Sterling pound 3.0950 3.1375 US dollar 1.6100 1.6140 Iiocal dolbrs to 100 units of foreign currency Austrian schilling 15.19
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      124 27 Duration Title Venue Organiser Tel Aug 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 Aug 22-25 International Frankfurt. Messe Frankfurt (49)69/***** Trade Fair for Germany GmbH Consumer Goods Sep 6-9 Fine Food
      124 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      38 27 What's theprice for a united Europe? Exactly the same when you fly to any one of Pinnair's 35 European destinations. Check with your travel agent or call *****77 for more details. Wa know Europe from atari to Fmiriah
      38 words
    • Advertisement
      Page 27 Advertisements Column 2
      24 27 Difficulty in getting a copy of Hot World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749-2577 for locations of nearest newsstands.
      24 words
    • Advertisement
      Page 27 Advertisements Column 3
      179 27 EKRAN BERHAD EKRAN BHD To THE SHAREHOLDERS OF FEDERAL CABLES, WIRES AND METAL MANUFACTURING BERHAD ("FCW") General Offer to acquire the 68,198,400 odinary shares of $1.00 each representing the entire issued and paid-up share capital as registered in the Register of Members of FCW and all the Irregular Shares which
      179 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      268 27 1 Considerate about profani- L«J——^ 9 Gather a variety of fruit is j 1 available again (9) I I 1 I I I I I L_l—L_ 10 Note a girl may well be ""Hi reflective JB.JHL_VV— 11 No body of volunteers ll I I I I f trains together and
      268 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      160 27 Singapore Outlook: Showers over several areas in the morning and early afternoon. Report Maximum temperature 32.0 Assoc humidity 69% Minimum temperature 24.8 Assoc humidity 92% Hours of sunshine 2.60 Rainfall in mm 2.5 Rainfall this month 4.7 Rainy days this month 2 World report Asia-Pacific Hi/Lo* Cond. Auckland 17/10 Rain
      160 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      24 27 hiUsigULMBBBWH" Woo BCAfiT'J U>OK lovely urteN) joip NOOI IN-me N P>NWOV|&b .....J pARKTODPf/WIIW MISS GLftw/ V 3T\ ffmM GO'UTY *S \j HMfc.VOO// CAMOQATCPMEWUP^ftWLTD.. ItP-IIM
      24 words
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  • Article
    Lock icon Anand takes away internal security role from military
    431 28 Bid by Thai PM to curb armed forces' power AFP, AP, Reuter BANGKOK Prime Minister Anand Panyarachun yesterday issued an executive order dissolving the Thai military's Internal Peacekeeping Command (IPKC) which had given virtually absolute powers to senior commanders to intervene in
    AFP,; AP,; Reuter  -  431 words
  • Article
    Lock icon Make sure relief supplies reach Bosnia: Bush
    326 28 AP. AFP, Reuter HELSINKI US President George Bush yesterday urged the European Security Conference to make sure humanitarian aid gets through to the civilians of war-torn Bosnia, "no matter what it takes". In a speech to the 51nation Conference on Security and Cooperation
    AP.; AFP,; Reuter  -  326 words
  • Article
    Lock icon Seoul to focus on cooling economy, stemming consumption
    304 28 AFP SEOUL Economic Planning Board (EPB) Minister Choi Kak Kyu yesterday said the government would maintain until the end of this year its policy of cooling South Korea's overheating economy and stemming domestic consumption. "Considering both internal and external factors, (we) will
    AFP  -  304 words
  • Article
    Lock icon Taiwan's outbound and inbound investments fall
    333 28 AFP, Reuter TAIPEI Taiwan approved 166 overseas investment projects totalling US$55l million (SsBB7 million) by local businessmen in the first half of 1992, a 46.14 per cent slump in value over a year earlier, the Investment Commission said yesterday. Meanwhile, approved investment by foreigners
    AFP,; Reuter  -  333 words
  • Article
    Lock icon Beijing sidesteps Viet claim of Chinese troops on Spratlys
    257 28 AFP BEIJING China yesterday brushed aside Vietnamese allegations that it landed troops on a disputed island chain in the South China Sea, insisting the area belonged to Beijing. Pressed repeatedly, a foreign ministry spokesman refused to confirm or deny Hanoi's claim
    AFP  -  257 words
  • Article, Illustration
    An opportunity to rethink EC's direction
    808 28  -  The Bottom Line MICHAEL HINDLEY MICHAEL HINDLEY The writer, a Briton, is a member of the European Parliament FROM THE OUTSET, my reaction to the Maastricht agreement drawn up in December 1991 was that there would be enormous difficulty in actually delivering the provisions.
    808 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      131 28 Nikon The World's Finest Photographic System LONDON'S NEW RIVFRSIDF LANDMARK APARTMENTS TOWNHOUSES PENTHOUSES Now is the time to preview and invest in Richmond's exciting new riverside landmark Richmond Bridge. There are two fully furnished apartments at the Sales Centre, only a stone's throw from the bridge itself, where you or
      131 words
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      Page 28 Advertisements Column 2
      9 28 Protesters ask government to stop market plunge, Pg 4
      9 words
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      Page 28 Advertisements Column 3
      10 28 Manila to urge China to seek peaceful solution, Pg 8
      10 words
    • Advertisement
      Page 28 Advertisements Column 4
      48 28 Nikon The World's Finest Photographic System (Mr a ■rrirri n« iTramri ~rn -i urt i -in v n4iMMoi«*nmubrw«M ii?»v»< ««■>(• pju«><u~n. M MIIWMI'UhM WIW «Ol»»*nnHii»»i< I UlW«*i»llil MnOMO. InmnJ I (*»<h»•*» M S4M*I ttMHTTH liiiilinpvMmHJmiVH MJOTMIA n»*»AKlK»HgT«»»—u»h«r IM 7VU7f VSS»St,ywhi yfc.-,N»»m>M«UH«IJ*MI LJ 1 wiw nvvita m*nr IHE IIOUR.CjLASS U
      48 words
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  • Shipping Times
    • Article
      Ben line sells EacBen Container stake
      342 29  -  UK company to focus on agency operations By Ramesh Divyanathan SINGAPORE Ben Line Containers has divested its stake in Eacßen Container Line to its partner on June 30, signalling the UK company's withdrawal from mainstream container shipping. Speaking from Edinburgh, William RE Thomson, Ben
      342 words
    • Article, Illustration
      MTL seeks ventures with partner
      558 29 Hongkong terminal operator eyeing opportunities in China HONGKONG Modern Terminals Ltd (MTL) is considering possible joint ventures or operational agreements with China Merchants Holding which became a shareholder on May 29. MTL managing director Mark Leese said in a South China Morning Post report that
      558 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1181 29 Page Col ABC Containerize 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
      1,181 words
    • Article
      Lock icon Iran buys ships, jets to boost transport services
      367 29 Reuter, AFP NICOSIA, Cyrus Iran is chartering and buying more ships and planes in a bid to boost transportation services. Iran has chartered five Russian-made Tupolev passenger planes and ordered 12 cargo ships from South Korea and India, Teheran Radio said on
      Reuter,; AFP  -  367 words
    • Article
      Lock icon Shell switches to oil-tanker leasing for financial reasons
      290 29 Knight Ridder NEW YORK AngloDutch oil major Shell is to follow the lead of Chevron and switch to tanker leasing instead of its former practice of owning or chartering vessels, a senior company official was quoted by the Opec news agency, Opecna,
      Knight Ridder  -  290 words
    • NEWS SUMMARY
      • Article
        Storm brewing in a port
        38 29 SINCE the 1970s the port of Genoa has been plagued by poor management and bad labour relations. Haig Simonian examines the prospects for recovery with the new facility at nearby Voltri Pag* 2
        38 words
      • Article
        United leases 50 A320 planes
        21 29 UNITED Airlines said on Wednesday that it had leased 50 planes from Airbus Industrie Back Page
        21 words
      • Article
        Fedex moves regional headquarters to S'pore
        35 29 DRAWN by the booming economies in South-east Asia, Federal Express Corp (Fedex) has moved to Singapore its regional headquarters for the South Pacific and the Middle East Back Page
        35 words
      • Article
        More Cubans turn to bicycles for transport
        42 29 COMMUTERS weaVe through the scorching streets of Havana on bicycles, while freight trucks carry human cargo and hundreds of police have been posted at overflowing bus stops to keep tempers from boiling over Back Page
        42 words
      • Article
        New portable wonders from AT&T
        43 29 WITHIN the next year, AT&T will start selling wireless portable communications devices that will allow users to send and receive hand-written and typed messages as well as make phone calls, an AT&T executive said on Wednesday Back Pafe
        43 words
    • LOG BOOK
      • Article
        Samsung to build BHP production vessel
        99 30 NEW YORK Samsung Group on Wednesday said its Samsung Heavy Industries Co subsidiary has contracted to build a floating production, storage and off-loading vessel for Broken Hill Pty Co Ltd using an innovative double-hull design. Samsung gave no financial details on the agreement, which
        99 words
      • Article
        Gen Dynamics may sell unit
        94 30 BOSTON General Dynamics Corp is considering a sale of its military sealift command business to US-owned Waterman Steamship Corp in an apparent effort to ease concerns over foreign control of a US Navy cargo fleet, sources said this week. According to a recent report in
        94 words
      • Article
        Airborne Freight posts losses
        101 30 SEATTLE Airborne Freight Co said it expects a second quarter net share loss between US$O.25 and US$O.3O due to lower-than-expected growth in shipments and revenues. The air express service recorded net income of US$lO.3 million (55!6.6 million), or US$O.49 per share, on revenues of US$339 million
        101 words
      • Article
        Latvian tanker brings fuel to Haiti
        96 30 PORT-AU-PRINCE, Haiti A Latvian-registered ship delivered a sizeable consignment of petroleum products to embargoed Haiti, risking the possibility that it could be denied access to other ports in the Western hemisphere. A government official said the merchant tanker Davids Sikeiros, 40,029 dwt, registered in
        96 words
      • Article
        Peru dockers go on strike
        92 30 LIMA Peru's port workers began a two-day strike yesterday, as scheduled, after union leaders on Wednesday failed to reach a wage agreement with the state port authority Enapu and the Labour Ministry, said a union leader. The strike began at 1200 GMT yesterday and will
        92 words
    • Article, Illustration
      Lock icon Storm brewing in a port
      986 30  -  Since the 1970s the port of Genoa has been plagued by poor management and bad labour relations. Haig Simonian examines the prospects for recovery with the new facility at nearby Voltri Haig Simonian FT Genoa's hopes of reclaiming its crown as one of Europe's leading
      FT  -  986 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      491 30 m Density Cm Water Res rben MM Ash M mmml itdwmit M/M Exxon KG/M*3 V/V M/M M/M PPM method BO/Canac fera is Spec E25 991 1.0 0.10 30* 010' Spec G35 991 1.0 TTJ 30* 010' 984 03 14.1 Ml mm 998 28 17.3 EQI 2
      491 words
    • Article
      THE SHIPPING GUIDE
      12669 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Pcnang after
      12,669 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        506 45 Vessel Voy No Berth Arrival Dyarturc Vessel Voy 1*1 Berth fcrtrd Departure^ Marina Terminal 1 larku J2/3 alongside 10.07/2300 Batam Murm *****2 M03 atongsale 10 07/0500 Niaga 50 112 alongside 10.07/1200 Bat am Sayar* *****2 M04 alongside 10 07/2300 Socofl Pearl J5 alongside 1007/2300 Batammdo 1 1215S
        506 words
      • Article
        CONTAINER SCHEDULE
        1427 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bootae/Babnce Mts SNp Voy No Etb/Btr Period From To From Ace Concord 28W 11 0800 1 09/1500 09/1659 09/1900 Ace Uncord 09/1700 10/0659 10/0900 3 10 0700 10/1159 10/1400 4 10/1200 10/1459 10/1700 Ac Da BV 28A 12/1900 1
        1,427 words
    • Article
      TRANSPORT DIARY
      1071 46 <T Camb ndge, England. J5-lfc Asia-Pacific Digital u 'ar Mobile Communicaorganised by IBC Techiervices Limited at The ®*ndann Singapore. For furdetails please contact IBC ,"15 al Services at tel: 7?-1970 or fax: 733-5087. 5 6: Conference on *#*tlHy Control in Asian ShipPJQ& organised by IBC TechT o 3'
      1,071 words
    • Article
      DAILY FREIGHTS
      593 46 THE DRY cargo freight market's sharp fall in the last two months appears to be flattening, brokers said. The Baltic Freight Index (BFI), which has fallen 240 points since May 22, is expected to be unchanged to a little higher. The market is waiting for news of fixtures
      593 words
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      Lock icon United leases 50 A320 planes
      704 48 First Airbus order for long-time Boeing customer NYT, AP CHICAGO United Airlines, long the most loyal and biggest customer of Boeing Co, said on Wednesday that it had leased 50 planes from Airbus Industrie, the four-na-tion European consortium battling Boeing's world dominance in commercial aircraft.
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      Lock icon Boost for European aircraft industry
      319 48 FT LONDON The European aircraft industry received a strong boost on Wednesday after United Airlines, the second largest US carrier, placed a US$5 billion (SsB billion) order for up to 100 Airbus A 320 jets. This latest breakthrough in the US by the European Airbus
      FT  -  319 words
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      Fedex moves its regional headquarters to S'pore
      398 48  -  By Dexter Lee SINGAPORE Drawn by the booming economies in South-east Asia, Federal Express Corp (Fedex) has moved to Singapore its regional headquarters for the South Pacific and the Middle East. The US-based air express giant has shifted all the administrative functions from
      398 words
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      Lock icon More Cubans turn to bicycles amid transportation crunch
      358 48 AFP HAVANA Commuters weave through the scorching streets of Havana on bicycles, while freight trucks carry human cargo and hundreds of police have been posted at overflowing bus stops to keep tempers from boiling over. The demise of the Soviet Union and
      AFP  -  358 words
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      Lock icon New portable wonders from AT&T
      545 48 Wireless communications devices in the market within one year AP NEW YORK Within the next year, AT&T will start selling wireless portable communications devices that will allow users to send and receive hand-written and typed messages as well as make phone calls, an AT&T executive
      AP  -  545 words
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      Lock icon India attempts satellite launching today
      354 48 AFP BANGALORE, India India's space hopes are pinned on the launch today in French Guiana of Insat-IIA, the first multi-utility satellite to be designed and assembled at home. Tension is palpable in Antariksh Bhavan, the plush headquarters of the Indian Space Research Organisation (1SRO) where
      AFP  -  354 words
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      12 29 •Um mi atrvioM ry»«>>< > For advertising enquiries, contact Skipping Times: Tei 740-*****740-2090.
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      69 29 THE jj& FAMOUS ESEHSEII 224 1833 For more information pinnae refnr to Pg. 18 Dubai Abu Dhabi Bahrain Banda Abbas Dammam Doha Kuwait m M Mina Qaboos yh'/iLr^ X/ I Sharjah Weekly LCL Service I International Freight Forwarder. N.V.O.C.C. ConsoNdator. FOR ENQUIRIES OR BOOKINGS, PLEASE CALL *****88, FOR PAULINE, JAMES,
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      32 29 Caterer Schedule 17 Da* Freights M Index I Stow 10.11 Slips m Port 17 Sffppore Tries 17 Transport ftary 18 Weather and Sea Condrtnm 17 II A- ft t Veritas Kcport c
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      84 30 I Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional lode at successful small firms and the
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      2549 31 OOCL (t) FTC LTD JARDtNE SHtPeiNO AQCNCIEB *****11 FAX: *****09 HHRT BOOKINGS TEL: *****34 *****58 »MM TERMINAL/CFS TEL: *****18 220 P *****1 PEBAKA JAROWC SHIPPING AQENCIEB SON. BHD. i VMf J PORT KELANQ TEL: *****18 FAX: *****91 *****88 r\,l:*.. PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated to Quality
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      1100 31 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT VSI/VOY SW NYC 1 Ml OUT SAV ■MMH IJ/J 21,1 at )M !H a Ml N 2*, 7 1/1 1/1 VI l/l a bmw n ift n/i ivi m/« ii/i smu mm »i
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      1444 31 2 SAIUNGS TO NEW YORK JERVIS BAY VM3I ETA Singapore 11/7/92 ETA Nm York 13/8/92 (VIA ROTTERDAM) 'J. MAYVIEW MAERSK V 9206 ETA Singapore 14/7/92 ETA New York 19/9/92 90 Vmml Voy ETA I ETO Feeder by > ,f 1 DESTINATIONS laerorl/Artea Tlx* week May*ew Man M 9206 cv 14/7
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      1571 32 -W ——mm——— VQY NO S PORE JEDOAH S'HAMTON H BURQ ANT LE HARVE ll' THAMES 12/327 12/7 29/7 31/7 3/$ 4/8 t I LA SEINE 25/128 16/7 24/7 8/8 4/8 3/8 WW ■!W# WWil I HOECHST EXPRESS 04/328 19/7 5/8 7/8 10/8 11 8 CMNBWtft/MMVOT I HAMBURG EXPRESS 09/129 23/7
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      587 32 I EXPRESS TO PAPUA NEW GUINEA ~1 II IPOBE 11 CHKFOO VH M/ 07 POOA/HON/NORO/RAB I LAI/MAO II ALAOO TALANO V2t WH POM/HON/NORO/RAB II J KBM/LAE/WWK I (LCL B/BULK) I j T/S: ALOTAU, ONOBAY. KAVENG 11 ACCEPTMG La FOR MAM PORTS DISCHARGE I PORT KELANG M C. TEL *****01/4 I
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      1513 32 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE VSL/VOY 9N AL6 BCI HAM ME HOT ANT Ftt LHA (MA (MA (MA J ALR) MM) ROT) SL FREEDOM 219 M 16/07 06/08 OS/0S 10/08 11/08 12/08 13/08 14/Ot 15/08 NORASIA MUBARAK 9220-3 21/07 11/0R 13/08 IS/0R 16/08 17/08 IR/0R 19/08 20/08
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      2236 33 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppd Towers Singapore 0208 Td: *****58 Fax: *****17 van bkok KIMS MUUH VOX Muara. Lab. KR MPT 10 M MMMN 01 c !?"}2 UJ"! STRAITS VENTURE ¥171 Muara. Lab 11-13 MI4M 15 M KOIA BINT AUG W.KBT22S 12-13 M.Y 15-16
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      Page 33 Advertisements Column 2
      1252 33 SINGAPORE AGENT: hMML PXtO pAfltairiArC PAO Container# (Singapore Aganciee) Pte Ltd WLX-r VjUlllCllllvl O 10 Hoe Oiianfl Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 > PPWrP HlfV Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z .< P&O CONTAINERS NOW OFFERS YOU: 2 FIXED DAY SAILINGS
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      634 34 '■""'■"■"-"■I CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOT STOtt MMM/MMM MK HOEN MME* ni/i MATMUM/12W H-23/7 25/« 31/1 4/J FAST TRANSIT TME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sublet to inducMiMnl. Atao accepting cargo to Casablanca, Port SaM. Port Alexandria, Gaooa, Trioato. ALSO ACCEPTING CONVENTIONAL CARGO WA T/S TO UK
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      Page 34 Advertisements Column 2
      1361 34 OHANJIN SHIPPING mwi sn hi mmi La 0M n» vs. SM lie haul mv U IRC WMMLEHAME 01K 11/7 OMECT 2/8 V< fBMBUMO MT 2MN 13/7 H. TOKOMAMA 0441 21/1 21/1 23/1 HANJM OMU.ANI 01K 9 6 OKCT 9/8 12/8 HNUM OCJtt 0141 20/7 MM RDITT 023E 27/1 21/1 JO/«
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      1213 34 will IN I Im.l 7^ Irn »ISWUC W «1 OS> KT HTOLU M H NYC UN °!f.. T/ll I (Gomr MMI 14/7 iV7 a/7 a/7 M/ 7 a/7 a/7 M/ 7 11/7 l/l VI l«/l a/I a/« »/J WV» }J£ g* JJ* .KJ, u/14 I E GLQtT K4M 11/7 M/
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      1969 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR N0!L23M*****0E) BOOKINGS (FOR ALL NOL SERVICES) NEPTUNEUNK TEL *****00 (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 FAR EAST SERVICE >*****00 IMPORT CFS F»: =*****89/*****96 UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS F9: *****53/*****50 AUST/INDIA/PAK NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33. P.Kelanfl-<O3) *****87, Penanfl-(04) *****0, J.B«hru-(07)
      1,969 words
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      Page 35 Advertisements Column 2
      1124 35 SINSOV SINGAPORE SOVIET STOPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND—PBCHARGWG WESTBOUND—LOACTN6 TEANSMPPED VIA ROTTERDAM woeis ww law |t*«
      1,124 words
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      Page 36 Advertisements Column 1
      1497 36 K W M AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: 1244I7J0000M) I ■A V V V A TEL *****77 TELEX KAWAKIRS23I6S FAX: *****07/^9 |\l M MALAYSIA: "K" LMEMARITIME(MALAYBIA) 80N BHD I J&i Vkh ■m JL Alt TEL SA *****00 PIC *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD
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      Page 36 Advertisements Column 2
      1203 36 5S PHILI-ORICNT UN€5 PT€ LTD 108 Robinson Road #07-00 GMG BuikHng Singapore OHO 6 Tel: *****22/*****69/*****00 Telex: R*****0FAX:*****7b *****38 BY AIR, LAND OR SEA.... Jt&L WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION AUSTRALIA/NEW ZEALAND/tOUTH PACIFIC FCULCL SERVItt^ 27 JUL SUVA. NOUMEA, PAPEETA. APIA. LAUTOKIA,
      1,203 words
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      2137 37 .'-"J,". Plf PACIFIC INTERNATIONAL LINES (PTE) LTD Km JV JHV 140 Cecil Street, #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********0E |JAKARTA I BANQKQK IZI VESSEL voy sin bkk SIN VESSEL VOY SIN JKT SIN SMSAMUT (THAI FLAG) SRS22S 12/7 IS/7 18/7 KOTA INDAH 2SI 12/7 14/7 18/7
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      Page 37 Advertisements Column 2
      862 37 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p P GUDANG PENANG P KELANG OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) E 10/7 10/7 W7 TOYAMA 2272 M/ 7 31/7 2/8 3/8 5/8 E 17/7 17/7 18/7 AROSIA 2282 21/7 7/8 9/8 10/8 12/8 D 24/7 24/7
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      Page 37 Advertisements Column 3
      285 37 NIGERIAN NATIONAL Ml SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER IKPAN V.52 SINGAPORE 24 July ETA Lagos 15 Aug Port Hareourt 17 Aug Calabar 19 Aug ACCEPTING B/BULK ANO CONTAINERS °BSA° TRANSPORTATIGN MYANMA pHBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIf Pen P.Gdf MYOMAYWA VI42W In
      285 words
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      3083 40 Full Container Liner Services Sua* firtrr Shipptrng Sdn BM Hlmff (Mat Shipping S4a P. 7. BtOOm nnra General Agents: Booking Agents: 58 Persuran Rap Muda Musa 2S-A latin Komi Mr ItottflwT I Costar Shipping Pte Ltd Shipping Freight Booking Centre Sdn Bhd ***** Port Mar* Off Man Ipoh Sentul. *****
      3,083 words
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      Page 40 Advertisements Column 2
      344 40 SAMUDEM INDONESIA (S) PTI LTD IS McCALLUM STREET #03-01/02 NATWEBT CENTRE Singapore 0100 Tatox: R*****0 Tat: *****01-3 Fax: 225 4030, *****30 FOR BOOKINGS CALL DIRECT LINE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK DERAJAT 990 14/07 (TUE) 17/07 (FRI) PRELUOE 908 11/07 (SAT) 14/07 (TUE) LAWANTI 969 14/07 (TUE)
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      Page 41 Advertisements Column 1
      521 41 til* FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LMASSOL/PREAUS 12/7 ROTTERDAM 12/7 HArA/ASHDOD/ALEXANDRIA 12/7 HAMBUR6/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 11/7 NEW YORK/EC W1 FREHANTLE/ADEIAPE 11/7 VANCOUVER 12/7
      521 words
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      Page 41 Advertisements Column 2
      776 41 RICOTLD HARM AONOES (S) PTE LTi UTEL *****99 (12 UnM) FAX: *****19/*****09 TELEX: R8 ***** RISMP (9 UnM) 3Q ETHIOPIA* SHPPMG LINES (Nabonal Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVQV ETA ILOAOMO FOR SPORE ASYOT 29W8 24/06 DAfICSSALAAM. MOMBASA. OJMOUTI MASSAWA NET3AHET 27WR 30/0* OARESSALAAM. MOMBASA. DJMOUTI' AMAI
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      723 41 I 15/07 |IMM MM 1M» I 15/07 l«/»7 WTA MT»» Mill Ml 13/07 ltm 10/07 i lIKM MM I M j 11/07 21/07 W» MM 1M Mw 13/07 M 17/07 2 I MUM* MM# 111 MM IVI7 9m 19/17 I I>/<7 22/91 ~'<H MM 14H Mi 20/07 M 24/07 w
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      1269 42 P44MAC-NELS GROUPAGE I I IPENANG: (04) *****6 SIBU: (084) *****9 j°S3 4 o-rli^ P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) 2796/0 HKG/TWN/BKK [GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 12/7 13/7 14/7 Hong Kong Ldn/Fh/Rdm/Ant 13/7 14/7 15/7 15/7 16/7 17/7 Hong Kong G'burg/C'hagen/S'hokn/Oslo 12/7 13/7 14/7 19/7
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      Page 42 Advertisements Column 2
      249 42 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM Mil ITT SM N Z STAR V 0524 17/7 23/7 31/7 17/1 PREMO VI9S 30/7 11/1 13/1 30/1 MULBERA 2SS 14/1 20/1 2S/I 14/9 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH,
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      1070 42 THONG SOON UNES PTE. LTD. Jg 77 ROBMSON ROAD #15-00, #16-00 SIA BULOMG SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 SIBr TLX: RS ***** CARRP, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO WEST MALAYSIA Itssa |WT |ETA BEST «Sgt IWT I SPWE P. HEUIW KIM SOON LI 62/92E 18
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      803 43 G. COMPANIA PERUANA Bi DE VAPOREB "PERUVIAN STATE LINE" ■PTMG BREAKBULK/FCL/SOC CARGOES TO/FROM AO, MATARAN, ILO* i OTHER PERUVIAN PORTS* I T/S AT KOBE ON CPV THROUGH BR.L OF LAOMG. "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTMG BREAKBULK/SOC CARGOES TO/FROM KOBE. YOKOHAMA, NAGOYA, MO*, TOKYO*, MANRA*, DAVAO*. Ptiuflf* P
      803 words
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      Page 43 Advertisements Column 2
      529 43 CZJ l?-vl N.AMERICA/CARRIBEAN SERVICES msm IWT m hwun NOT lai PT M» IWC m fIUMgUMA MLOiZiami JL. JUL JUL JUL JUL-lO-aum 7» >1/71 am m u/« «/9 w m mtcncmt urn »n m, rout w M/» Ifl it/* xaa i*/i T/lllMllMllMUM fcnjtai carta Ik ISA tw Pii*m««i. Cjm4>. tamh. tart*
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      Page 43 Advertisements Column 3
      653 43 I muthmk avrnt rn lti MIDDLE-EAST/PERSIAN GULF ACCEPTWOQ FCL/LCL DUBAI. OAMMAN. SHARJAH. DOHA. MUSCAT. BAHRAM ABU DHABI. BAMMR ABBAS CDOAH FAR EAST ACCCPTMO FCL/LCL PENANG. P/KELANG. JAKARTA, BANGKOK. HONG KONG. TAIWAN. JAPAN MANIA KOREA UK/EUROPE ACCEPTMQ FCL/LCL LONDON. FELIXSTOWE. LEEDS. TIBURY. ABERDEEN, LE HARVE. HAMBURG. ROTTERDAM. ANTWEP, GOTHENBURG. COPENHAGEN ft
      653 words
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      Page 43 Advertisements Column 4
      449 43 B[|H MONTHLY DftECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPEZIA VSI: FREITAL ETA SIN 20 JUL TWICE WEEKLY CONTAMER SERVICE SIN/MADRAS/SIN WITH TRANSMNT TO: ASEAH/AISTIAUA/FAX EAST/MMTERXANEAN/EIROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CARfiO BOOKIM: LUCKY TRANSPORT 6
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      Page 43 Advertisements Column 5
      427 43 Wmm SM PM EAST 13/7 KEELUNG/KAOHSIUNG 2 18/7 BANGKOK 17/7 MANILA/CEBU >. 12/7 JAKARTA/BELAWAN/SURABAYA j 12/7 PORT KELANG/PENANG/E. Malaysia 13/7 BUSAN 12/7 TOKYO/YOKO/KOBE/NGO/OSA 15/7 HONG KONG m OHM 15/7 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN QINGDAO HAIKOU also accepting LCL cargo SW EBtffE/UK 18/7 LDN/FLX/LVP/SOU 18/7 RDM/HAM/ANT/LE HAVRE/GENOA/OStp also accepting cargo to
      427 words
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      947 44 ECONOLINESA Tunc Space Riot for World Trade Navigation since 1979 EUROPE your S I STRENGTH and HOPES We deliver 2040 points throughout 17 We provide weekly consoiicUtioiis to 32 1 countries in conformity with 13 imcotevms Discharging ports at own Bonded Warehouse total demands in shipping for carrying your with
      947 words
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      Page 44 Advertisements Column 2
      427 44 EontermJ CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION TOUR FIRST CHOICE TO:— AUCKLAND 18 JULY ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 12 JULY JAKARTA 13 JULY PENANG 13 JULY POKY KELANG 16 JULY MELBOURNE 13 JULY I SYDNEY 13 JULY I FELIXSTOWE 18 JULY HAMBUR6 18 JULY
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      Page 44 Advertisements Column 3
      506 44 I Next Week's Sailings To! ETD To: ETD Singapore Singapore Bangkok 19/07/92 Antwerp Los Angeles Manila 17/07/92 (Onforwarding IA/A /ft to Mid West/ 19/07/92 (A .East Coast of Colombo 17/07/92 USA) Singapore Tel: 778 6522 flffl Fax: 779 2738 22T w Johore Tel: 07-*****8 £IjL2J Fax: 07-*****3 Alfred Ng 7BAA£SrZ/A//C
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      Page 44 Advertisements Column 4
      439 44 FCL/LCL SERVICES MANILA ETA VIGOUR S PORE 30N6 10/7 VIGOUR PACIFIC 65N8 17/7 BANGKOK 11/7 18/7 BUSAN 13/7 20/7 HONGKONG 10/7 13/7 USA 13/7 20/7 PT LOUIS/OURBAN 9/7 24/7 KEELUNG 13/7 20/7 PT KELANC 10/7 14/7 OSAKA 12/7 19/7 PIRAEUS 14/7 21/7 KOBE 15/7 22/7 JAKARTA 10/7 14/7 1 DUBAI
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      11 45 t Don't miss Personal Finance Investment in Business Times every Saturday
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      100 45 vimutanc 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 SBACARGO
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      462 45 TIDES AND WEATHER TODAY'S TIDES (he#t m metres) I HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 ***************0 *****400 *****600 *****M01*0 2*o 21» 22W 2318 JR 10 08 08 09 1 1 14 16 18 19 19 1 7 1.5 1.3 1.2 1.2 1.3 1.6 1.9 23 25
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      Page 46 Advertisements Column 1
      404 46 I Wfck LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 line*) Fax: *****94 Tlx: RS ***** AB LENHUAT w Daily receiving cargo at Paair Panjang Terminal PT4 Tel: *****97 NEW ROUTE TO MYANMAR (TAMCOH) FULLY CONTAINERISED SERVICE VESSEL ETA ETD
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      Page 46 Advertisements Column 2
      366 46 cosco lIKC CONVENTIONAL tWVtCE ESSEL PKL PNG P O LOADING FOR: VESSEL 28/06 Rotterdam/Antwerp CHW4A CONVENTIONAL SERVICE ESSEL PKL PNG P O LOADING FOR: MNG RONG 12/07 Guangzhou/Huangpu COSCO FULL COWTAHER SERVICES (FCL/FCL) EXPORT TO: CHMA/BANGKOK/HOMGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA i US WEST COAST PERSIAN GULF/KARACHI i lease refer above
      366 words
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      Page 46 Advertisements Column 3
      290 46 APPOINTMENTS ADVERTISEMENTS ATTRACT THE RIGHT CANDIDATE tosT er iCL FCL Express Service to Most Points in T For more information, Competitive rates 9ni rehßbld SGMmh: Offilri'iflmLTo Call Our Customer Service At Teh227«4788. SKH DISTRIPARK PTE LTD 77 Robinson Rosd #16-02 SIA Building, Slngsporo 0106 Tel *****79 Fax: *****82 Tlx: RS
      290 words
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      Page 46 Advertisements Column 4
      128 46 LINES SINGAPORE SINGAPORE COLOMBO FCULCL FREIGHT COLLECT AND PREPAID ARE WELCOME We also accept cargo for other destination worldwide Co-Loaders An Welcome Baatiaf/Sata A|aat SINBAPORE: Tat 542 7033 F®c 545 4827 Andan Tat 744 8330 F* *****96 Bmson Tit *****87 Fk 447 1512 Kdqr COLOMBO: Tat *****3M***** Fk *****5 Mujaab
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