The Business Times, 16 July 1992

Microfilm: NL18221
Total Pages: 50
1 50 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times MITA (P) 35/12/91 Thursday, July 16, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • Article
      US industrial output falls for first time in five months
      78 1 WASHINGTON US industrial production fell 0.3 per cent in June, its first decline in five months, the Federal Reserve said yesterday. The fall was slightly less than had been expected, with analysts forecasting a 0.5 per cent drop because of
      78 words
    • Article
      Baghdad demands end to UN sanctions
      64 1 BAGHDAD Iraq yesterday demanded an end to world sanctions imposed on it by the United Nations soon after it invaded Kuwait nearly two years ago. Foreign Minister Ahmed Hussein al-Samaraei said in a message to UN secre-tary-general Boutros BoutrosGhali read on Baghdad Radio that
      64 words
    • Article
      Tin surge lifts profits
      39 1 A SURGE in the price of tin over the past three months has lifted the earnings of marginal mines in Malaysia and may lead to the reopening of others written off as unprofitable. Page 3
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    • Article
      HZ opportunities
      26 1 TOURIST accommodation and golf developments in New Zealand are worthwhile investments for Singaporeans, said Minister of Tourism John Banks in Singapore yesterday. Page 3
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    • Article
      All airlines welcomed
      34 1 THE Civil Aviation Authority of Singapore yesterday reiterated its policy of welcoming all airlines to fly to the Republic regardless of whether SIA flies to the airlines' respective countries Page 3
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    • Article
      Pressure on Indonesia
      38 1 INDONESIA, assured of more than US$4 billion in fresh aid pledges, will be pressed to open up the economy and improve its human rights at its annual donor meeting in Paris this week Page 8
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    • Article
      Swatch ticks to the top
      21 1 SWATCH of Switzerland is riding the surf on a global wave of watch buying. Page 15
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    • Article
      New feeder service
      25 1 DECORBUMI (M) Sdn Bhd is set to launch a twice-weekly feeder service between Singapore and Malacca on Sunday. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      22 1 WALL STREET stocks were mixed yesterday. The Dow Jones average slipped back 2.43 points to 3,355.96 in the first hour.
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    • Article
      Footsie higher
      28 1 LONDON shares were higher at midday yesterday, but lost strong early gains. As at 1215 GMT, the FTSE 100-share index was up 2.1 points at 2.486.1.
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    • Article
      Wrapping up deal
      37 1 DATUK Keramat Holdings Berhad's bid to eventually hold a substantial stake in United Malayan Banking Corporation Bhd is expected to be completed before the end of the year, said a merchant banker Page 4
      37 words
    • Article
      Magnum in China bid
      28 1 MAGNUM Corporation Bhd, a member of the Multi-Pur-pose Holdings Bhd group, has confirmed submitting an application for a gaming licence in China Page 4
      28 words
    • Article
      Bangkok Land's plan
      24 1 BANGKOK Land chief executive Wong Chong-po has unveiled a massive China residential property investment plan for family-controlled Stelux Holdings Page 5
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    • Article
      No new round of hikes
      32 1 MALAYAN Banking's decision to raise its prime rate to 9.2 per cent, effective yesterday. does not signify a new round of interest-rate hikes, sav analysts Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Change BT-MGA 716.52 +0.81 Kuala Lumpur ....612.36 -5.58 Tokyo 17,116.92 +52.29 Hongkong 6,125.46 +28.27 Sydney 1.636.7 -2.1 Taesday Change New York 3.358.39 +21.08 London 1.897.4 +7.1
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.6115 100 Yen SS 1.2856 MS SS 0 6449 Money market rates Overnight unav 3-month 2-1/4% unch
      22 words
    • Article
      COMMODITIES
      36 1 London fiold AM fi* USS350.95 USS0.55 S'pore Aug 142.50*/kg -0.25 Vt'sia Aug 221 '/kg unch KL Tin Turnover 42 tonnes -11 Spot MSI 7.41/kg +0.06 Credo polm off Turnover I.309lots -•-54 Aug MS878 /tonne -4
      36 words
  • Article, Illustration
    Lock icon Office properties face biggest glut ever
    561 1  -  Developers in fierce rent war to pull in new tenants By Lee Han Shih SINGAPORE The combination of a huge supply and falling demand has created the office property market's biggest glut ever and led developers into a fierce price war to draw new
    Source: URA  -  561 words
  • Article
    HDB explains rise in prices of new flats
    620 1  -  Increases reflect better design, finishes, higher costs By Colin Tan SINGAPORE The Housing and Development Board yesterday defended the increased prices of its new flats, saying the increases reflected better designs and finishes and higher construction costs. In a written reply to
    620 words
  • Article
    SES to extend trading hours
    310 1  -  90-minute extension draws fire from brokers By Lilian Ang SINGAPORE The Stock Exchange of Singapore (SES) has decided to extend trading by 90 minutes from July 27 in what it described as a move to cater to increased international investor interest in the local market.
    310 words
  • Article
    Lock icon Petronas is tops with highest returns
    124 1 MBT KUALA LUMPUR Petronas, the national oil corporation of Malaysia, has taken a step forward towards joining the world's top multinationals by heading Fortune's 500 International list as the company registering the highest returns on sales in 1991. With sales amounting to US$6.l5 billion
    MBT  -  124 words
  • Article, Illustration
    Hongkong reveals currency fund has reserves of US$30b
    487 1  -  From Catherine Ong in HONGKONG THE Hongkong government's best-kept financial secret since 1935 is out. Financial Secretary Hamish Macleod yesterday revealed that the size of the fund which backs up the territory's currency totals HKS236 billion (US$3O.2 billion). Publishing the balance sheet
    487 words
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      Page 1 Advertisements Column 1
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      232 words
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      Page 1 Advertisements Column 2
      27 1 In Page 2 Property majors seen hardest hit by office glut Landlords likely to woo financial institutions Business park in Jurong East: only two tenants so far
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      Page 1 Advertisements Column 3
      106 1 I A I KM >1 >1 \SI k Hock Lock Siew: Ignore SlA's fundamentals at your peril, Pg 4 BRUJOMAGLI Mart*! Marketing Me ltd Tel: 734 MM 737 MH Boutique*: Centrepolnt #01-30 Tel 737 4509 Porogon By Sogo #01-19 Tel: 734 9935 Open Doily from 10 00am to 8 00pm
      106 words
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  • PAGE 2 NEWS
    • SINGAPORE ROUNDUP
      • Article, Illustration
        Philips launches CD interactive technology
        189 2 PHILIPS of Holland launched its compact disc interactive (CD-I) technology here yesterday. Its subsidiary, Philips Singapore, is believed to have approached media companies Times Publishing and Singapore Press Holdings, among others, to use CD-I for electronic publishing. It is also seeking local publishers to develop
        189 words
      • Article
        Wuthelam forms distribution unit
        118 2 WUTHELAM Industries, the electronics arm of homegrown Wuthelam Holdings, has formed Delteq Pte Ltd to focus on the distribution of electronics products and solutions. Delteq is 60-per-cent-owned by Wuthelam Industries, with various individuals holding the rest of" the equity. Wuthelam Industries has made several forays into
        118 words
      • Article
        Aid for tanker fire victims
        68 2 SEMBAWANG Shipyard will contribute $250,000 to a welfare fund for the families of those affected by the recent tanker fire. Five of the injured remain on the dangerously ill list. Members of the public who wish to donate to the fund can send crossed cheques,
        68 words
    • Article
      Property majors seen to be hardest hit by office glut
      732 2  -  Update on Singapore's office property market By Sylvia Wong SINGAPORE Half a dozen listed companies which own most of the office space along the Shenton Way to Beach Road belt will bear the brunt of undercutting and low rents in
      732 words
    • Article
      Business park in Jurong East attracts only two tenants so far
      369 2  -  By Lilian Ang FIVE MONTHS after its official launch, the much-publi-cised International Business Park (IBP) in Jurong East has attracted only two tenants. The two will together occupy about 1.28 hectares of space a fraction of the total 39
      369 words
    • Article
      Landlords likely to woo financial institutions
      448 2  -  By Kooi Cho Teng SINGAPORE Financial institutions will have their pick of office space when several major projects are completed and landlords compete for tenants. They are likely to be wooed even more intensely by landlords because the pool of would-be tenants appears to
      448 words
    • Article, Illustration
      Lock icon Malaysian tin miners making comeback
      548 3  -  By Shoeb Kagda KUALA LUMPUR Malaysia's tin miners are making a comeback. A surge in the tin price over the past three months has lifted the earnings of marginal mines and piay lead to the reopening of others written ofT as unprofitable. The tin price
      Source: Knight-Ridder  -  548 words
    • Article
      Lock icon Microsoft and Apple to unveil technology-sharing accords
      386 3 Reuter SEATTLE Microsoft Corp and Apple Computer Inc are expected to set aside a fierce legal skirmish to unveil several technologysharing accords that provide access to each others* standards, say analysts. "It's strategically important for both companies." said Dean Witter analyst Tim McCollum
      Reuter  -  386 words
    • Article
      Lock icon Indian finance minister denies responsibility for bank scandal
      287 3 AFP, Bloomberg NEW DELHI Indian Finance Minister Manmohan Singh yesterday denied responsibility for a US$l.2 billion (Ssl.9 billion) bank scandal which has shaken the country's banking sector. 'i have not done anything immoral, nor any fraudulent transactions have been put through at
      AFP,; Bloomberg  -  287 words
    • Article
      Local firm wins contract to build Van Ommeren terminal
      253 3  -  By Lilian Ang SINGAPORE Rotary Engineering, a local plant engineering and construction firm, has clinched a $45 million turnkey contract to build Van Ommeren's new chemical terminal on Pulau Sakra. The firm, which is aiming for a listing on the Singapore
      253 words
    • Article, Illustration
      NZ minister points to new hotels as best tourism investment opportunity
      257 3  -  By Schutz Lee SINGAPORE Singapore investors' best bet in New Zealand's tourism industry lies in new hotels, according to New Zealand's Minister of Tourism, John Banks. He told a press conference yesterday that Singaporeans, with their considerable experience in
      257 words
    • Article, Illustration
      Olympic Airways' pullout was a commercial decision: CAAS
      439 3  -  By Dexter Lee SINGAPORE The Civil Aviation Authority of Singapore (CAAS) welcomes all airlines to fly here, regardless of whether local carriers fly to the airlines' countries. The authority yesterday reiterated its liberal air policy in response to a Business Times' report
      439 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      124 2 CORPORATE TASTE k ?-.kr In the heart k£«flfl Kuala Lumpur yet centre i i^B executives. Our hotel boasts the «N; at Goya's. Malaysia's only r&WKM menu that travellers relish. We've I our to create W V flavours a hospitality j WI Kuala makes |fc*l A -J X^Hni^HaHHi I :v v
      124 words
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      Page 2 Advertisements Column 2
      313 2 I 28-29 JULY 1992 The Regent, Kuala Lumpur I lAn international conference highlighting solutions to Conference highlights: I I this growing menace Ramifications of increasing piracy I I Featured speakers include: Detailed coverage of new policy I Eric Ellen, Director, International Maritime Bureau, UK initiatives I Namir Al-Nakib, Marketing Manager,
      313 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
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      29 words
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      Page 3 Advertisements Column 2
      171 3 Woodlands Flatted Factories Satisfying Your Needs The Jurong Town Corporation has increased it's presence in the northern sector of Singapore. With the proposed completion of 2 blocks of flatted factories in the 4th quarter of this year, it will create more opportunities for businesses. Located at the fringe of Woodlands
      171 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        Central Properties' net earnings jump 71pc
        65 4 SINGAPORE Central Properties Ltd has announced a 71.1 per cent leap in net earnings to $5.8 million in the first haif of 1992, compared with $3.3 million for the first six months of 1991. Group turnover rose 84.9 per cent to $3.3 million, from
        65 words
      • Article
        SMP issue fully subscribed
        27 4 SINGAPORE Superior Metal Printing Ltd has announced that its rights issue which closed on July 10 has been oversubscribed by 3.7 per cent.
        27 words
      • Article
        Hexza forecasts better results
        109 4 KUALA LUMPUR Investment holding company Hexza Corporation Berhad expects to further improve its performance for the current financial year as a result of closer supervision and monitoring by top management. In tne company's latest annual report issued here yesterday, chairman Tan Sri Datuk Amar Lee Hun
        109 words
      • Article
        Faber's housing project
        92 4 KUALA LUMPUR Faber Group Bhd's MSSI2 million (Ss32B million) joint-venture housing project, Taman Danau Desa, is targeted for launching in the fourth quarter ot 1992 the company said in a statement yesterday. It told the Kuala Lumpur Stock Exchange that the housing project was a joint-venture with
        92 words
      • Article
        MBA to strengthen its presence
        80 4 KUALA LUMPUR Malaysian British Assurance Bhd (MBA), recognising that its strength lies in its agencv network which is well structured and dispersed throughout the country, will further consolidate the growth potential of its intermediaries. Its chairman Datuk Abdul Latiff bin Hussain said the company's target
        80 words
      • Article
        Corrections and clarifications
        81 4 IN BT's half-yearly ranking of companies by shareholders' funds carried in the July 13 edition, DBS Land was shown as having shareholders' fund of $818 million. It should have been $1,466 million and accordingly should have been ranked 7th instead of 12th. Its net tangible asset per
        81 words
    • Article
      Lock icon Datuk Keramat's UMBC bid likely to be sealed by year-end
      436 4 Bernama KUALA LUMPUR Datuk Keramat Holdings Berhad's bid to hold a substantial stake in United Malayan Banking Corporation Bhd through a complicated deal is expected to be completed before the end of the year, a merchant banker said here yesterday.
      Bernama  -  436 words
    • Article
      SilkAir benefits from lower costs to post $1.6m profit
      388 4  -  By Dexter Lee SINGAPORE Singapore Airlines' wholly-owned subsidiary, Silk Air, made a profit of $1.6 million in the financial year ended March 31, according to Silk Air general manager Michael Chan. The regional carrier's latest performance was reasonable, he said, adding
      388 words
    • Article
      Lock icon Public Finance explains loans policy
      206 4 Bernama KUALA LUMPUR Public Finance Bhd adjusts its loan portfolios quickly to market conditions and questions of over-relying on hirepurchase financing do not arise, executive vice-presi-dent Tay Ah Lek has said. Speaking to newsmen after witnessing the initial listing of the company's shares on the
      Bernama  -  206 words
    • Article, Illustration
      Lock icon Magnum confirms application for China gaming licence
      323 4 Bernama KUALA LUMPUR Magnum Corporation Bhd, a member of the Multipurpose Holdings Bhd group, has submitted an application for a gaming licence in China, Magnum vice-chairman Khir Johari said yesterday. Confirming a report earlier this week by Singapore's Business Times, he said the
      Bernama  -  323 words
    • Article
      EON boosts CCL stake to 17.7pc
      209 4 SINGAPORE Malaysian car distributor Edaran Otomobil Nasional Bhd (EON), a substantial shareholder in Cycle Carriage Ltd (CCL), has bought 49.000 CCL ordinary shares on the open market. This brings EON's shareholding in CCL to 37.5 million units, giving it a stake of about 17.7
      209 words
    • Article
      UEL to help build marine industrial park at Port Klang
      342 4  -  By Genevieve Cua SINGAPORE United Engineers Ltd has joined forces with three Malaysian parties to develop a marine industrial park at Port Klang. The lead investor in the project, said to be the first of its kind in Malaysia, is
      342 words
    • Article, Illustration
      Furore over SIA bonus issue: ignore fundamentals at your own risk
      662 4  -  THE HOCK LOCK SIEW COLUMN By Amy Balan SINGAPORE One good thing has emerged from the raging debate on a bonus issue for Singapore Airlines: the SIA local share price is finally moving. So are its foreign shares but
      662 words
    • Article, Illustration
      Lock icon HK's Stelux plans US$4b Guangzhou satellite town
      306 5 Asian companies' plans to invest in China South China Morning Post HONGKONG Bangkok Land chief executive Wong Chong-po has unveiled a massive China residential property investment plan for family-controlled Stelux Holdings. Mr Wong said on Tuesdayhe had signed a letter of intent to
      South China Morning Post  -  306 words
    • Article
      Lock icon New World in dept store project
      264 5 South China Morning Post HONGKONG New World Development has kicked off its investment in China's retail market with the launch of a HKJ7OO million (SSI47 million) department store project in Beijing. New World chairman Cheng Yu-tung confirmed on "Tuesday that his son, Henry Cheng
      South China Morning Post  -  264 words
    • Article
      Lock icon Guoco eyes property, industrial sectors
      259 5 AFP, South China Morning Post HONGKONG Hongkong's Guoco Group plans to expand into the Chinese property and industrial sectors with projects including a manufacturing plant and an industrial park, according to reports on Tuesday. The company, the Hong-kong-listed arm of the Hong Leong Group of
      AFP,; South China Morning Post  -  259 words
    • Article, Illustration
      Lock icon Giants joining forces to share rising R&D costs
      436 5 Technology tie-ups FT s LONDON Semiconductor memory chips have long been the subject of bitter trade tensions between the US, Japan and Europe, v-' Now these crucial computer components are at the v centre of a series of internav: tional collaborations as
      FT; Source: Dataquest  -  436 words
    • Article
      Lock icon NEC set to work with AT&T on chip project
      229 5 AP TOKYO Japan's NEC Corp and American Telephone Telegraph Co are likely to cooperate in developing technology for advanced computer memon' chips, an NEC official said on Tuesday. The chips, 256-megabit memories, are the same type involved in the joint development
      AP  -  229 words
    • Article
      Lock icon Jakarta shares rise on expectations of new rules soon
      487 5 MARKET Reuter JAKARTA Expectations that the government will issue new rules for banking, acquisitions and rights issues in the next few days are pushing up prices on the Jakarta Stock Exchange, brokers and analysts said yesterday. "Everybody is trading on those
      Reuter  -  487 words
    • COMPANY BRIEFS
      • Article
        Kumagai Gumi (HK) interim profit doubles
        106 5 HONGKONG Kumagai Gumi (Hong Kong) Ltd reported yesterday that net profits for the first half of this year were up 113 per cent to HK$ 129.9 million (5527.1 million). The directors of the construction and development giant recommended an interim dividend of 18 HK
        106 words
      • Article
        Mitsui's city of the future
        116 5 TOKYO Mitsui Construction Co unveiled yesterday an urban development concept designed to house one million people and has a 220-storey, 1,321 metre high skyscraper. The company, part of the giant Mitsui Group, said it will take 17 years and cost an estimated 38 trillion yen
        116 words
      • Article
        Hitachi-Fiat construction venture
        75 5 TOKYO Japan's Hitachi Construction Machinery Co Ltd said yesterday it had agreed with an affiliate of Italian carmaker Fiat SpA to set up a construction machinery venture in Lecce in southern Italy. The new company will be capitalised at 65 billion lira (Ss92 million) with Fiat affiliate
        75 words
      • Article
        No new buy-outs for Sharp
        85 5 TORONTO Sharp Corporation is not looking for any new acquisitions and expects a 6-7 per cent decline in 1992 profits over 1991 due to economic weakness in the US and Japan, Sharp president Haruo Tsuji said. "Generally speaking, we currently are not interested in amalgamations
        85 words
      • Article
        Asahi Breweries cuts forecast
        69 5 TOKYO Asahi Breweries Ltd lowered its parent current profit forecast for the half ended June 30, 1992, to 8 billion yen from a February forecast of 8.6 billion, a company spokesman said yesterday. Asahi, Japan's second-largest beer maker, posted parent current profit of 8.65 billion yen
        69 words
      • Article
        Thai-M'sian ice-making venture
        44 5 BANGKOK A leading Thai trading firm, Pathanakolkarn Ltd, has entered into a joint venture with Brisdale of Malaysia to set up ice-manufacturing plants in Malaysia. Ice-cubes producing Brisdale-Patkol Refrigerator Co Ltd has a combined investment of 250 million baht (5515.9 million).
        44 words
    • COMPANY BRIEFS
      • Article
        German retailer's first-half sales up 8.7pc
        92 6 ESSEN, Germany Karstadt AG, Germany s largest retail chain said group sales rose 8.7 per cent to 9.2 billion marks (559.99 billion) in the first half of 1992. In a speech to shareholders, board chairman Walter Deuss said the first signs of an improvement
        92 words
      • Article
        Honeywell net up, but sales fall
        96 6 MINNEAPOLIS Honeywell Inc reported a 9.7 per cent increase in second quarter net despite a 2.3 per cent decline in sales. "We experienced increased business activity in our home and building control and industrial businesses, which helped offset soft demand in our space and
        96 words
      • Article
        UK biotech firm in Glaxo tie-up
        84 6 LONDON British Bio-Technology Group pic said in a statement it would collaborate with pharmaceutical company Glaxo Holdings pic to develop a new oral asthma treatment drug The new drug, 88-882, was designed and made by British Bio-Technology, which was recently floated on the London
        84 words
      • Article
        Bethlehem Steel's US$64m loss
        82 6 BETHLEHEM, Pennsylvania Bethlehem Steel Corp said it will post a US®64 million second quarter loss after a US$25 million charge to increase its loss contingencies in connection with certain litigation. In the 1991 second quarter, Bethlehem lost US$29 million or 46 US cents a share on
        82 words
      • Article
        Probe on exchange's procedures
        89 6 WASHINGTON A House panel is looking into the procedures used by the American Stock Exchange to select companies for its new small company stock market, and has asked US regulators and investigators for assistance. The probe comes after two news reports had raised questions about the
        89 words
      • Article
        Thomas Cook sale gets EC nod
        58 6 BRUSSELS The European Commission gave the go-ahead to Westdeutsche Landesbank and LTU to acquire the Britishbased Thomas Cook group, together with its American affiliate, an EC statement said on Tuesday. Thomas Cook is owned by Midland Bank group. LTTJ is a German travel group
        58 words
    • Article, Illustration
      Lock icon Motorola profits jumped 23pc in second quarter
      385 6 UPI SCHAUMBURG, Illinois Motorola Inc, the semiconductor maker, on Tuesday reported second-quarter earnings of US$l46 million (***** million), or US$l.O9 a share, an improvement of nearly 23 per cent compared with US$ll9 million, or 90 cents a share, in the year-ago quarter. But
      UPI  -  385 words
    • Article
      Lock icon Coca-Cola EPS up 22pc on improved margins
      536 6 Earnings at top end of Wall Street estimates Reuter ATLANTA Coca-Cola Co said its second quarter earnings per share (EPS) rose 22.2 per cent to 44 US cents (550.71) from 36 US cents last year and cited enhanced margins from its soft drink
      Reuter  -  536 words
    • Article
      Lock icon Protect holders' rights, EC bourses urged
      314 6 FT LONDON British institutional investors have written to European stock exchanges asking them to move against rules which limit shareholders' ability to obtain information about companies and influence management. The UK Institutional Fund Management Association (Ifma) wrote to heads of all the European stock
      FT  -  314 words
    • Article
      Lock icon Orion revamp plan proposes cut in Metromedia stake
      245 6 AP NEW YORK Orion Pictures Corp has filed a reorganisation plan with a bankruptcy judge here that would cut Metromedia's stake in the film studio to 50.1 per cent. 4 In spite of producing some of last year's biggest money-makers in the
      AP  -  245 words
    • Article, Illustration
      Lock icon KIO chief told to explain role in Spanish firm
      411 6 FT LONDON The Londonbased president of the Kuwait Investment Office (KIO) was summoned for an urgent meeting with the Kuwaiti government yesterday following mounting criticism of the KlO's role in the threatened collapse of Ercros, Spain's biggest chemicals company. Mr Ali
      FT  -  411 words
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      Page 4 Advertisements Column 1
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      117 words
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      Page 5 Advertisements Column 1
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      34 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
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      Page 6 Advertisements Column 2
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      Page 6 Advertisements Column 3
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  • FINANCIAL NEWS
    • Article
      Lock icon Maybank rate hike won't trigger more increases
      564 7 Analysts see it as late adjustment to other banks' higher prime KnightRidder j SINGAPORE Contrary to market perceptions, Malayan Banking's decision to raise its prime rate to 9.2 per cent from 8.9 per cent, effective yesterday, does not signify a new round of
      Knight- Ridder  -  564 words
    • Article
      Lock icon Bundesbank rejects calls to ease policy ahead of key meeting
      307 7 AFP FRANKFURT Germany's Bundesbank bluntly rejected on Tuesday international criticism of its tough anti-inflation policy, adding to ominous signs that it may ratchet interest rates still higher today. The German central bank published its monthly report for July less than
      AFP  -  307 words
    • Article
      Lock icon OECD backs tough German rate policy
      298 7 FT BONN Germany's hardline interest rate policy has won unconditional backing from the Organisation for Economic Cooperation and Development (OECD). The Bundesbank should keep rates high for as long as necessary to bring inflation down to the target range of 2 per cent or
      FT  -  298 words
    • Article, Illustration
      UOB joins other Big 4 banks in cutting prime
      263 7  -  By Soh Tiang Keng SINGAPORE The United Overseas Bank group's prime rate drops by 0.25 percentage point to 5.5 per cent today, in line with the prime rate reductions announced earlier by the other Big Four banks. Earlier this week, OCBC
      263 words
    • Article, Illustration
      Lock icon US brokers surpass earnings forecasts for second quarter
      345 7 Reuter NEW YORK Some of Wall Street's leading brokerage firms reported strooger-than-expected earnings on Tuesday for the year's second quarter. But the results, which showed the brokerage industry to be the continuing beneficiary of low US interest rates, fell shy of the
      Reuter  -  345 words
    • Article
      Visa making inroads in the debit market
      133 7 SAN MATBO, California Visa International, already the 3 world's biggest issuer of credit cards, is now making major inroads in the debit field with the processing of its one billionth transaction last week. Visa USA president Robert Heller said success with debit cards
      133 words
    • Article
      Taiwan major buyer of US bills
      78 7 WASHINGTON Japan was a big net seller of US Trea-" sury notes and bonds in the first quarter of 1992, whileTaiwan emerged as a major buyer, according to a Treasury report. A country-by-country breakdown of foreign transac-" tions in the June Treasury Bulletin indicates
      78 words
    • Article
      Old notes for new — at par
      87 7 Old notes for new at par TOKYO North Korea announced yesterday that it was recalling all banknotes with immediate effect and issuing new' ones with the same face value. A government decree carried by the official Korean Central News Agency said the measurewas aimed at "strengthening the independent monetary sys-
      87 words
    • Article
      Yamatane Sec to raise 30b yen
      108 7 TOKYO Japan's Yamatane Corp, Sakura Bank Ltd an<f Mitsubishi Trust and Banking Corp have agreed to restruc-' ture their troubled stockbroking affiliate. The restructuring of Yamatane Securities Co Ltd, whose pre-tax losses quadrupled l to 10.1 billion yen (S$ 128 million) in the year
      108 words
    • Article
      Republic National opens Beijing office
      226 7  -  By Shoeb Kagda SINGAPORE The Republic National Bank of New York has set up a representative office in China, where it has done business for more than 20 years. The office, set up this month in Beijing, should help expand its business there and foster
      226 words
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      8 7 [."I i it ftHKI > < HI m* a r
      8 words
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      Page 7 Advertisements Column 2
      42 7 I PlAfiff ScSTthTMandawSngapOf* 1 T* TXaSSX™* k*\^^A ■v, OUmt 583 Orchard Road. pyuria. Smgapof Fw. *****22 Tef*33M426J^wHourGteMT«?23S7l96• Tel *****00• Nartuog (R\ ".%'.> !vilWa>.' vwch J«n l«iry Tet *****20 Pwwtw T»t» Tet *****27 Sincere Welcti Tel *****46 v ;V T* Hong Hung T« Te<
      42 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Thailand to ease import rules partially
        79 8 BANGKOK Thailand will relax import procedures for private firms enjoying government promotional privileges and state agencies and enterprises in an effort to expand trade, the Bangkok Post reported yesterday. It said the Customs Department would officially announce the new procedures tomorrow. Government offices were
        79 words
      • Article
        More finished oil products used
        74 8 BANGKOK Thailand consumed 11 per cent more finished oil products during the first half of the year than during the same period of 1991, or an average of 475,000 barrels daily, government figures show. The only exceptions were the consumption of high speed diesel oil
        74 words
      • Article
        Timor Gap work moves ahead
        78 8 JAKARTA Oil companies working in the Timor Gap between Australia and Indonesia have finished over half of their seismic exploration plans, and the first exploration well will be drilled before the end of the year. Officials at the Australia-Indonesia Joint Authority for the Timor Gap
        78 words
      • Article, Illustration
        Cast a vote for Vietnam
        32 8 HO CHI MINH CITY Commuters pass a poster urging them to make "a rich people and strong country" by voting in the National Assembly elections on Sunday.
        32 words
      • Article
        Drop in Indon naphtha exports
        49 8 TOKYO Difficulties with the catalytic reformer at Indonesia's Dumai oil refinery will reduce Indonesia s exports of naphtha to a maximum of one cargo in August, said traders here. Difficulty in replacing the catalyst in the Dumai reformer had reduced its output, they said.
        49 words
    • Article
      Lock icon Jakarta to face pressure to open economy at aid talks
      414 8 Annual donor meeting expected to yield USs4b in fresh pledges Reuter JAKARTA Indonesia is virtually assured of well over US$4 billion (556.4 billion) in fresh aid pledges at its annual donor meeting in Paris this week but will be pressed
      Reuter  -  414 words
    • Article
      Lock icon Federal govt settles dam row with Kelantan
      197 8 Reuter KUALA LUMPUR The federal government has resolved s row with oppositiDerated Kelantan state, which had work oa a M$U billion ($845 million) hydrockUik dam, a state official •aid yesterday. Kelaataa Chief Minister Nik Aziz Nik Mat ami Ani Arope, chairmaa of the
      Reuter  -  197 words
    • Article, Illustration
      Lock icon UN urged to enforce peace on Khmer Rouge
      393 8 Reuter PHNOM PENH The mandate of UN troops in Cambodia should be changed from peace-keeping to peaceenforcing because of the refusal of the Khmer Rouge to disarm, said the foreign minister of the Hun Sen regime yesterday. Hor Namhong branded a proposal
      Reuter  -  393 words
    • Article
      Lock icon Philippine economic plan calls for liberalisation
      271 8 Reuter MANILA The Philippine government is planning new measures to make the economy more competitive and help it catch up with its prosperous Asian neighbours. A new medium-term plan envisaged further trade and investment liberalisation and would underscore the role of the private sector
      Reuter  -  271 words
    • Article
      Lock icon Ramos vows to link Mindanao to region's tiger' economies
      239 8 AFP DAVAO, Philippines President Fidel Ramos promised yesterday to transform the resource-rich southern island of Mindanao into a high-growth zone linked to the more dynamic economies of South-east Asia. "My administration will do everything in its power to create an atmosphere
      AFP  -  239 words
    • Article
      Lock icon Australian economic recovery has stalled: bank
      195 8 Knight-Ridder SYDNEY Australia's domestic economic recovery has stalled and unemployment will remain over 10 per cent this calendar year, says the National Australia Bank. "Any doubts that the recession was over seems to have been cast aside," the bank said in its secondquarter business
      Knight-Ridder  -  195 words
    • Article
      NZ GDP shrinks but Finance minister sees hope
      172 8 WELLINGTON New Zealand's gross domestic product (GDP) declined 1.2 per cent in the year to March, although the latest quarterly figure rose 1.1 per cent, the Statistics Department said yesterday. Opposition finance spokesman Michael Cullen said the figures were evidence that the
      172 words
  • Page 8 Advertisements
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      511 8 CENTRAL PROPERTIES LIMITED AND ITS SUBSIDIARY COMPANIES (Incorporated in Singapore) PROFIT AND DIVIDEND ANNOUNCEMENT I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1992 TMC GROUP TMC COMPANY 1992 1991 Change 1992 1991 Change I SSOOO SS'OOO SJ-000 SS'OOO I Turnover (Note 5) J7M <*** 5 363 Profit before
      511 words
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      Page 8 Advertisements Column 2
      115 8 I, JOHNNY SEAH JIT SENG, form* freight manager of Bachmann Far East (Singapore) Pte Lid hereby unconditional and unreservedly apologise to Lap International (Far East) Limited and their Regional Executive Director and Chief Executive Officer, Francis Ng Al Ttong in respect of a letter dated the Bth day of February
      115 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Nafta talks are in their final stages: Bush
      380 9 Negotiators to meet on July 25 to conclude agreement Reuter, AFP SAN DIEGO United Slates President George Bush and Mexican President Carlos Salinas de Gortari held trade talks here on Tuesday and ordered their negotiators to meet on July 25 to conclude
      Reuter,; AFP  -  380 words
    • Article
      Lock icon Salinas spruces up Mexico's democratic image by ceding border state to Opposition
      431 9 Reuter MORELIA, Mexico President Carlos Salinas de Gortari has strengthened his hand by ceding Chihuahua state to the conservative Opposition in Sunday's gubernatorial elections, sprucing up Mexico's democratic image and squashing leftist opponents further south. "It seems ridiculous
      Reuter  -  431 words
    • Article
      Lock icon Baker expected to come to the rescue with his candour and political acumen
      407 9 wmm Reuter, NYT SAN DIEGO A pivotal Republican drama may play out along the white-water creeks that tumble down the .Wind River Mountains onto the 688-hectare Wyoming ranch of James Addison Baker 111 in the next two
      Reuter,; NYT  -  407 words
    • Article
      Lock icon Wall St shows more interest in Clinton
      570 9 Reuter NEW YORK With the United States economy all but stalled under President George Bush and the Democrats growing giddy with optimism, Wall Street is taking time out from Republican fund-raisers for a closer look at Governor Bill Clinton. The financial community has
      Reuter  -  570 words
    • Article
      Lock icon Japanese and US executives to form task force on market access
      405 9 NYT TOKYO Japanese and US business leaders meeting here agreed on Tuesday to set up a task force on trade in financial services that will be led by top executives and will work to improve access to the Japanese
      NYT  -  405 words
    • WORLD WATCH
      • Article
        Transnational among leading R&D spenders
        95 9 NEW YORK Transnational corporations outspend major governments in research and development and are a major force in international economic transactions, a United Nil-; tions report said yesterday. "The combined R&D expenditures of the 10 largest United States transnational corporations exceed those of the French and
        95 words
      • Article
        Guangdong needs US$200b
        58 9 HONGKONG China's Guangdong province needs nearly US$2OO billion (***** billion) in foreign funds to catch up with Asia's "dragon" economies within 20 years. Lu Ruihua, vice-governor of Guangdong, said on Tuesday that the province needed foreign investment worth US$l9O billion to catch up with South Korea, Taiwan,
        58 words
      • Article
        China-US remittance service
        52 9 HONGKONG China's special economic zone of Shenzhen is to become the first Chinese city to operate an international postal remittance service that was stopped in China more than 35 years ago. Shenzhen would begin a remittance service with the US from Saturday, the semi-of-ficial China News Service
        52 words
      • Article, Illustration
        New endurance record set
        60 9 KEY LARGO, Florida A United States researcher has set an endurance record of 69 days and 20 minutes underwater. Richard Presley (right), 33, emerged from the bottom of a lagoon here on Tuesday. Sponsored by the National Aeronautics and Space Administration (Nasa) and by private groups,
        60 words
      • Article
        New bid to save Eurofighter
        48 9 LONDON The defence ministers of Britain, Italy and Spain said yesterday they will try again to persuade Germany to return to the US$42 billion (SS6B billion) Furofighter project. They also said they would welcome any new partners from the nine-nation Western European Union.
        48 words
    • Article
      Lock icon Pressure on UK govt to take action on economy
      359 9 May figures paint grimmer picture than forecast IHT LONDON The health of Britain's manufacturers appears far grimmer than most economists had thought, figures released on Tuesday showed. Data for May showed a decline in industrial production, including oil, of 1.0 per
      IHT  -  359 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      311 9 A two day conference highlighting key trends and new opportunities in Asia Pacific IMKI6INO POLICIES. COMMKRCIAI TICHNOIOOICAI OPTIONS IN kW TELLIfj^ 23-24 th SEPTEMBER, 1992 SHERATON TOWERS, SINGAPORE PANEL OF SPEAKERS FROM ASIA, ISSUES TO BE COVERED INCLUDE UNITED KINGDOM UNITED STATES Market and Consumer trend* Growth of Asian cable
      311 words
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  • Article
    Demilitarised business
    473 10 EDITORIAL ORDERING generals to give up perquisites is never an easy task. Removing them from lucrative concurrent jobs in big business is an especially dicey one, as Thai Prime Minister Anand Panyarachun must be finding out. Mr Anand gets full marks for bravery for the marching orders he
    473 words
  • WHAT THE OTHERS SAY
    • Article
      Sarajevo on the brink
      311 10 THE Bosnia-Herzegovina capital of Sarajevo has not been well served by history. It endured foreign domination for 500 years under the Ottoman Turks, a gun shot on the streets there set off World War I. and it now has much of the world transfixed cringing and
      311 words
    • Article
      The key to Mideast peace
      106 10 w TRUST is the keyword in the Mideast peace efforts. Can the Palestinians trust Israelis and vice versa? Israel's dovish Prime Minister Yitzhak Rabin has called for an accelerated process to achieve amicable settlement to the Israel-Palestinian crisis. On the other hand, Palestinian representative Dr
      106 words
    • Article
      Caring for employees
      144 10 "PREVENTION is better than cure" is a principle that should be applied by employers to employees' health. In line with the national health campaign, employers should pay more attention to employees' health by providing better working environment and facilities. For example, employers in the computer industry cannot
      144 words
  • REGIONAL VIEWPOINTS
    • Article
      The foreign labour issue
      179 10 IT IS a laudable attempt by the government to halt the setting up of illegal settlements with all its attendant problems, such as the increase in health hazards, the spread of diseases, rising crime and other social problems. It would appear that any planned housing programme
      179 words
    • Article
      An environmental lesson
      189 10 CONSUMER advocates and environmentalists are claiming their first major victoiy after residents of Bukit Merah near Ipoh won their court case, resulting in Asian Rare Earth (ARE) being ordered to shut down immediately as it was found to emit highly dangerous radioactive gases. The legal process is,
      189 words
    • Article
      Time for new faces
      145 10 THE TRUE BELIEVERS in Beijing obviously think that they will be able to find a middle way that promotes growth while keeping the political lid on, and thus keep the Party in control. The lessons of South Korea, Taiwan and Thailand may have not yet reached
      145 words
  • Article, Illustration
    Lock icon NYSE confident despite competition
    927 10  -  The New York Stock Exchange is celebrating its 200 th anniversary this year. Chairman William Donaldson spoke in Paris recently with Tom Redburn Tom Redburn IHT Q. With the npM advances of technology and global communications, are traditional trading floors like the New York Stock Exchange
    IHT  -  927 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      150 10 REACH OUT ACROSS THE HATION WITH OUR 27th NATIONAL D/tf FEATURES PUBLISHED EXCLUSIVELY BY SPITS GROUP OF NEWSPAPERS I From August 7-9,1992, the SPH group H of newspapers The Sunday Times, 9B Lianhe Zaobao, Lianhe Wanbao, Shin Min H Daily News and Berita Minggu will be publishing special NATIONAL DAY
      150 words
  • Page 10 Miscellaneous
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  • ANALYSIS
    • Article
      Lock icon Japanese plutonium shipments stirring global concern
      728 11  -  Japan will soon make its first plutonium shipment. The movement of this highly radioactive material is of much environmental and health concern to countries along the shipping route, reports Mark J Valencia Mark J Valencia The writer, who specialises in law of the sea
      IHT  -  728 words
    • Article, Illustration
      Have mercy on Australia, Asia
      1114 11  -  Australia is in an introspective mood now, especially in its relations with Asia. Ilsa Sharp looks at some of the issues that surfaced at the recent conference on Outside Images of Australia Ilsa Sharp The writer is a freelance writer based in Singapore and Perth,
      1,114 words
    • Article
      Jakarta extends olive branch of friendship
      502 11 A SOFTER, warmer breeze is blowing from the North, Australians at the Outside Images of Australia conference discovered. When Indonesia's ambassador to Australia, and former chief editor of the Jakarta Post, Sabam Siagian, delivered his address, a perceptible thrill ran through the audience as
      502 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      952 12 Nothing Beats A Bud-ftraili where to wine, dine OF tT %«e /W Penang missed specialities are: ChyeTowKueh, W[»^ Glutinous Rice, i KuehPaiTi, a CheeCheongFun, At only *11.80+ per Nonya KucK, ld U »»<• BO P" c t h,ld Bubur Hi<am and indus.vc of coffee/iea, thu is Bubur Terigu. c h,
      952 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      613 12 TELEVISION AND RADIO TVip virtim SSsS? 00 I 7.25 fM.OpCTing followed by The The Accused (See Our Mi With Iho Quran (M). SEtaN I.s!piN, 5.05pm, 1.05 am: I t M 1135 AMOoee. 7Jt CNN. orld Business Report > /|V Cxp ?f W,L n V, l Ul,B rm SSSIISTSr 1 Radio
      613 words
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  • LIFESTYLE
    • Article, Illustration
      A little sax with soul
      732 13  -  Dawn Tan is enthralled by jazz saxophonist Don Burrows, who's been doing his own free-wheeling thing for a half-century now Dawn Tan PICTURE IT. Sunset, beneath the shade of a coolabah tree in Australia's wide outback. Red dust mingles with the lucid notes of a
      732 words
    • Article, Illustration
      Lock icon Melon madness hits China
      843 13  -  Andrew Quinn examines the Chinese passion of the season Andrew Quinn Reuter AS the French choose their cheeses and the Italians their wines, so the connoisseurs of Beijing select their watermelons. First, the heft a rolling motion to judge weight and firmness. Then, the knock which
      Reuter  -  843 words
    • Article, Illustration
      Previn cancels four festival performances
      372 13 CONDUCTOR Andre Previn has cancelled four appearances at the Ravinia Festival because of fatigue, organisers said. A festival statement provided no other details on the 63-year-old Previn's condition. SINGER-ACTRESS Olivia Newton-John revealed on Tuesday that she has breast cancer, saying she made the disclosure to
      372 words
    • Article
      Lock icon Verse and worse
      495 13 The Economist Philip larkin refused it so it went to Ted Hughes. But is it a good thing anyway? Most poets and writers think not. "In our time, no greater misfortune can befall an English poet than to be poet laureate." Sir Stephen Spender, a distinguished poet
      The Economist  -  495 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      255 13 AND ENTERTAIN ai ai The musical magic of I FRANK ROBIN I 4 arrives at Ridleys. I 4 Catch their versatile act of country and I 1 western contemporary hits at happy hours. I All drinks at half price A I during these hours ANA HOTEL I iA SINGAPORE Mon
      255 words
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      Page 13 Advertisements Column 2
      92 13 Ills li I Sei| |Ju n e July Promotion] Experience the freshest from the sea at i CHINA CHINA RESTAURANT Special aet menus available for lunch and dinner from $68 (2 persons) to $338 (10 persons) A For reservations, please call 3224 228/9 A Out mtsurant outlet* vtkomt tbt puklx
      92 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      195 14 3 m m ri vt 9 9 -4 k •> t| 4f <• "4 f I f i J h« 4 I I i 4 -4 4M Ml 'S^ i J A if J Business Before Breakfast To look good in Business Times gives you all foot in the office.
      195 words
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  • ADVERTISING & MARKETING 1
    • Article, Illustration
      Watching Swatch tick to the top
      818 15  -  The Swiss watch brand is riding the surf on a global wave of watch buying, reports Ninnal Ghosh Nirmal Ghosh The year 1983 saw the start of the remarkable marketing story of a watch which combined plastic with pop art and popular prices. Today,
      818 words
    • Article, Illustration
      Singaporean appointed as JWT general manager
      593 15 Gerry Pereira to rethink agency structure LOCAL BOY Gerry Pereira has been appointed general manager at J Walter Thompson, in line with the multinational's policy of having locals head their various offices. Local general managers have been placed in Thailand, Japan, and more recently
      593 words
    • Article
      Adcom and Grey part company
      153 15 Yesterday marked the end of the longtime advertising partnership known as Adcom Grey, following the buyout of Grey International by the local partner now known as Adcom (S) Pte Ltd. According to Adcom managing director and chief executive officer Vince Khoo, the buying out of
      153 words
    • Article, Illustration
      Lock icon Does Vanity Fair make money?
      647 16  -  Geraldine Fabrikant on the bottom line of the magazine that made nude pregnant women a hot issue Geraldine Fabrikant NYT Tf fANITY FAIR f may be the hotWX test magazine Br on the market, Y but does it make money? For all that has been
      NYT  -  647 words
    • Article, Illustration
      Pregnant Moore didn't boost sales in Singapore
      119 16 DEMI may have raised more sales of Vanity Fair elsewhere with her nude and very pregnant body but definitely not in Singapore. The American women's interest magazine, which is distributed here by STP Distributors, sells about a few hundred copies each month. And
      119 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      274 15 On June 27th, Bill Bernbach smiled. Cannes. Twenty-two Lions. An unprecedented record. Bill would have been proud. Proud that the little agency he started in Manhattan had grown to a worldwide network of 107 offices, from Chicago to Singapore. But proud most of all that his kind of advertising, creative
      274 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      139 16 MOST AIRLINES CAN TAKE CARE OF YOUR CARGO NEEDS. BUT WHO TAKES CARE OF YOUR CARCO AS WELL? pppp^^^. '^H THAI CARGO. YOU CAN DEPEND ON US. While most airlines can take your cargo just complexes, Thai Cargo has all the facilities to safely handled and all documents in order
      139 words
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  • SPORTS
    • Article, Illustration
      Lock icon Magic at Muirfield
      755 17 British Open NYT CULLANE, Scotland The British Open is always at its best when it is played in Scotland, and the 121 st edition begins today at Muirfield, about 32 km east of Edinburgh in the village of East Lothian. While the ultimate site for t|e world's
      NYT  -  755 words
    • Article
      Lock icon Bookies pick their favourites
      116 17 AP GULLANE, Scotland England's legal bookmakers list only one American, Fred Couples, among the top nine betting favourites for the British Open. Couples and lan Woosnam of Wales are listed at 12-1, behind favourite Nick Faldo at 7-1. Jose Maria Olazabal of Spain is 16-1. TTie
      AP  -  116 words
    • Article, Illustration
      Lock icon Dutchman squeezes to victory
      453 17 Tour de France NYT STRASBOURG By the time last year's Tour de France approached the mountains after the usual first 10 days on the plains, the Buckler bicycle team had registered a victory or two and had been close in other daily stages. No more. Plagued
      NYT  -  453 words
    • Article
      Lock icon Spain's Fed Cup team looks ahead to Olympics
      370 17 AP JFRANKJSURT Winning the Cup for the second year in a row would be quite afr l achievement for Spain, but there's a bigger prize ahead at home and that's what the team is aiming for Barcelona Olympics. Spain upset the US
      AP  -  370 words
    • Article
      Lock icon Talk over Johnson's inclusion riles US 400m relay team
      310 17 AP LONDON If Michael Johnson gets a spot on the US 4x400m relay squad at Barcelona, he'd better be ready for some pretty unhappy teammates. Danny Everett and Steve Lewis aren't ready to stage a team revolt about the issue just
      AP  -  310 words
    • SIDE LINES
      • Article
        South African out of Olympics after dope test
        106 17 JOHANNESBURG A member of South Africa's Olympic table tennis team tested positive for a banned stimulant and will not go to the Games, officials said on Tuesday. The athlete, Cheryl Roberts, took a dope test on May 31 and the results were
        106 words
      • Article
        Blankets for chilly Barcelona
        92 17 BARCELONA Organisers of the Barcelona Olympics have sent 200 blankets to the athletes' villages because some residents are feeling the cold. COOB '92 on Tuesday said the move followed requests from Germany and China but other teams say they also want something to keep off the
        92 words
      • Article
        Krabbe dropped from meet
        62 17 ZURICH World sprint champion Katrin Krabbe and two teammates have been dropped from Europe's richest track event because of the doping probe they were involved in, the organiser said on Tuesday. Andreas Bruegger said a November invitation to Krabbe and sprinters Grit Breuer and Silke Moeller
        62 words
      • Article
        A pea named Hadlee
        91 17 WELLINGTON Cricketing great Richard Hadlee was honoured on Tuesday in an unusual way a pea has been named after him. And the seed company which developed the Hadlee pea hopes the name will guarantee its success in India where the cricketer still has a following two
        91 words
      • Article
        Aussie bid for America's Cup
        74 17 SYDNEY The man who helped to break a 132-year-old US grip on the America's Cup yachting trophy announced yesterday a high-tech Australian bid for the 1995 contest, backed by businesses and brain power. John Bertrand, who skippered Australia II to victory over Dennis Connor's Liberty
        74 words
      • Article
        Rugby body comes under fire
        75 17 WELLINGTON World rugby's governing body, the International Rugby Football Board (IRFB), is to blame for the stunted growth of the game around the world, a leading New Zealand coach claims. Writing in the latest International Rugby Review, George Simpkin says the IRFB has failed to
        75 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      257 17 TDEAS RTISINESS Find out in The Debate 33rd lAA World Advertising Congress, Barcelona, September 27-30, 1992. As an advertising practitioner, you would want two previous days. It is the principal concern of knowledge that enables you to understand the the advertising agencies, advertisers and media value of advertising in the
      257 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Liang Court debut helps liven up drab day
      3717 18  -  B Lilian Ang IT WOULD HAVE BEEN another thin trading day, but the debut of propertybased Liang Court helped push up volume yesterday, accounting for the bulk of the day's activity. Overall, share prices continued to drift lower on heavy selling of
      3,717 words
    • Article, Illustration
      Lock icon HOT STOCK
      78 18  -  -By Anthony Pang Comment LAND A General was chased to an intra-day high of $1.65 yesterday. However, the stock found selling pressure at the top of the $1.38-$ 1.65 range, where it has been trapped for about eight months, and retreated to $158, up three cents from l
      SOURCE: BRIDGE INFO  -  78 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3291 20 Gcntings 50* 865 +40 +4.8% II l-eong Ind SO* 545 +10 +1.9% Rashid Hussain 185 +6 +3.4% l!MW 299 6 2.0% M Banking 570 5 0.9% Pub.Bk Foreign 141 +5 +3.7% Uniphoenix 115 +5 +4.5% Bcijaya Leisure 127 +4 +3.3% D&C Bank 50« 124 +4
    3,291 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      166 20 PERSONAL INVESTING FINANCE SUPPLEMENT '98 A Special Business Times Survey July 33,1992 Bank deposit rates have plunged to one of their lowest levels. Banks and finance companies In Singapore are paying peanuts for such deposits; in some cases they are not even enough to cover the rising cost of living.
      166 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Profit-taking continues to push prices lower
      5368 21 Bernama PROFIT liquidation from the opening yesterday saw sharp gains over the last weekend reduced as share prices in Kuala Lumpur ended the day lower in brisk trading. The K.LSE Composite Index at the close fell 5.58 points to 612.36, the Industrial Index 12.62
      Bernama  -  5,368 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      262 22 Company Date Yaar Group Hot Hat oanrfagi fcoaa ann to praflt/laa* <L) par ahara *M COM) (caats) Roth Ms Jul 10 Mar 92 $33,451n($45.747) 29 2(399 50(65) GB Htdgs Jul 10 Mar 92 $4.166($6.776) 6 1(9.9) 10TE(10TE) Metro Htdgs Jul 8 Mar 92 $5.656($7.999) 78(11) 4(4) Transmarco Jul
      262 words
    • Article
      APPROVED ISSUES
      454 22 Company Rights Issue OiC Ba* One-tor two a MSI25 per start Ei-date km 2 Books dose tun 17 Acceptance 1 Payment Jul 30 Eu Tan San| SI 05 per stare Ei-date tun 17 Boohs Close tun 27 Acceptance Payment At« 3 MM Three-tor tour at MSI 00 per
      454 words
    • Article
      CORPORATE DEVELOPMENTS
      275 22 Jri 14 C«ld Ston«« Hokfcgs Ltd plans to set up a food or soft-drink franchise in Indonesia and was on the verge of taking over a Thai company. Malayan Credtt snow a subadary of Cydt ft Carnage Ltd with the transfer of 10.95 m M Credit shares to
      275 words
    • Article
      PRELIMINARY RESULTS
      198 22 Company Date Year Group pre-tax Met earaiNgs Cress a fin te profit/loss (L) per share dividend (•000) (ceets) GP Batteries Jul 2 Mar 92 $15.492($14.186) 41 3(47 9) 188TE(176TE) IMC Hldgs Jul 2 Mar 92 $183dg($198dg> 52(56) 40(40) Pelang. Bhd Jul 1 Mar 92 M$37.824($22.583) 11(9) 15(10) Pertama
      198 words
    • Article
      INTERIM RESULTS
      163 22 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend (000) M Cement Jul 6 May 92 M$36 539(537.272) 18(16) Asia Pacific Jun 26 Mar 92 563 038(559.214) 14N(10M) F&N Jun 26 Mar 92 $99 550 ($89,232) 9 2(9 2) Pacific Can Jun 26 Mar 92 S2.034L(S30)
      163 words
    • Article
      DIVIDENDS ANNOUNCED
      792 22 Current Ex Books Date Total tor Total far payment date dose payable the year last year Alei Hdp 50c 6%(b) Aug 26 Sep 7 Sep 24 6% 6% Amcol 25c 10% Aug 21 Aug 27 Sep 10 10% 10* Apdo 25% Jun 3 )un 16 Jul 23 25%
      792 words
    • Article
      COMPANY MEETINGS
      189 22 Bwjaya L«nn Bh± EGM at Bukit Kara International Equestrian and Country Resort ialan Bukit Kiara, off Jalan Damansara, ***** Kuala Lumpur* or Tuesday, July 21, at 9.30 am PJ Development Hokfc** BM EGM at No. 21 23, Jalan Hussein (Groond Floor), ***** Ipoh. Perak Darul Ridzuan. Malaysia, on
      189 words
    • Article
      SCRIPLESS CONVERSIONS
      91 22 Conversion Special Trtfg Scripiess Conversion deadline Period Trading Company starts (IDP) (ST) starts Amcol Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 Ea Van Sang** Jul I Jul 21 Jul 9-Jul 21 Jul 22 HariaMa Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 Liai
      91 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      352 22 In local on In S$ In USS d> yr dy yr dy yr Jnty 14 Index chge chge chge chge chge cfajfe World 383.5 0.1-6.1 -0.1 -6.0 -0.1 -5.5 tEAFE 451.3 -0.2-10.1 -0.2 -9.1 -0.3 -*.7 Europe... 420.0 -0.1 2.1 -0.5 4.4 -0.5 4.9 Pacific
      352 words
  • Article, Illustration
    Lock icon CHARTING SERVICE
    606 22 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve as
    BRIDGE  -  606 words
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  • JAKARTA STOCK EXCHANOE
    • Article, Illustration
      Lock icon Stocks close mixed despite bank share news
      1139 23 Reuter stocks closed ♦Siixed yesterday as the market shrugged off Finance 'Minister Johannes Sumarlin's indications that foreigners would be able to buy bank K shares soon. "The market is kind of dull. Investors will wait for .the actual (bank shares) law to come
      Reuter; Source: Bridge Info  -  1,139 words
  • Article
    STOCK EXCHANGE OF THAILAND
    1303 23 Vo4 July 14 Baht COO) PE A J Plast 42.00 -2.25 8676 21.8 Aiucon 130.00 3.00 I 21.6 Am Sid Sanitary 350.00 12.3 Aokam Thai 23.50 unch 98 —.8 Asia Credit 124.00 3.00 240 16.6 Asia Fiber 43.75 1 00 300 \sia Hotel 70.00 unch 466
    1,303 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      219 23 B B KING ROBERTA FLACK JOHNNY LOGAN DEF LEPPARD COLOR ME BADD B B KING ROBERTA FLACK JOHNNY LOGAN DEF LEPPARD COLOR ME BADD B B KING ROBERTA FLACK JOHNNY LOGAN DEF LEPPARD COLOR ME BADD B B KING ROBERTA FLACK JOHNNY LOGAN DEF LEPPARD COLOR ME BADD ROD STEWARD
      219 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close firmer, but off day's highs
      2590 24 Reuter TOKYO STOCKS staged a technical rebound yesterday, but the Nikkei closed only modestly firmer after giving up early gains. Some buying of incentivebacked issues and arbitrage programs underpinned prices, but most investors remained sidelined amid a dearth of incentives. The Nikkei Average
      Reuter  -  2,590 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Second liners dominate in quiet trade
      2557 24 Reuter HONGKONG share prices finished higher yesterday as funds and retail investors switched to selected second liners in thin, subdued trading, brokers said. The blue-chip Hang Seng Index closed up 28.27 points to 6,125.46. The broader All Ordinaries Index put on 12.89 to end
      Reuter  -  2,557 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end weaker on economic outlook
      2118 25 Reuter AUSTRALIAN shares closed slightly lower yesterday with investors depressed about the prospects for the economy. "The anecdotal evidence from companies is that there has been a little pick-up in the economy, but not a lot," said one broker, adding it would probably be
      Reuter; Source: Bridge Info  -  2,118 words
  • REGIONAL STOCK MARKETS
    • Seoul market falls nearer to key 500 level
      • Article
        SEOUL
        810 25 THE SEOUL stock market inched down yesterday towards the psychological! 500 mark in a session of profittaking following Tuesday's sharp gains, brokers said. "The brief respite offered by institutional buving yesterday failed to bring mk individual investors they have interest in the market." Seoul Securities' Choi Bum said. I
        810 words
      • Article
        MANILA
        528 25 SHARE PRICES eased yesterday as some investors continued to take profits while others opted to wait for brighter signals to resume buying. The Manila Stock Exchange Composite Index slid 9.38 points to close at 1,428.41. "In the coming days, we will see sideway movements and small rallies in between,"
        528 words
      • Article
        TAIPEI
        518 25 STOCKS finished higher yesterday on a technical rebound and buying by major players. Brokers said the rebound could continue and there was a chance for the Weighted Index to test resistance at 4.400 points. The index closed 44.82 points or one per cent higher at 4,352.51. Turnover remained thin
        518 words
      • Article
        NEW ZEALAND
        229 25 SHARES ended only slightly higher yesterday, with rises in Telecom and Brierley Investments supporting the market overall. Turnover, worth about NZ$4B million, was substantial for the second day in a row. The NZSE-40 Capital Index ended 1.19 points higher at 1,583.26 just over a point below its high
        229 words
      • Article
        BOMBAY
        96 25 BOMBAY stockbrokers boycotted trading for the 27th day on Tuesday as they awaited a court verdict on a dispute over shares seized by the government in the wake of a securities scandal. A special court heard arguments for the second day on a petition by the Bombay Stock Exchange
        96 words
      • Article
        Untitled
        49 25 CImc PrerioM Jri; IS NEW ZEAIANO NZSE-40 Capital 1,583.26 1,582.07 +1.19 MANILA Composite Index 1.428.41 1,437.79 -9.38 Turnover (mil pesos) 244.4 144 +100.4 TAIPEI Weighted Pnce Index 4.352.1 4,307.69 +44.82 Turnover (NTS billion) 19.35 17.2 +2.15 SEOUL Composite Stock Index 514.19 527.08 -12.89 Turnover (billion won) 146.37 136.24 +10.13
        49 words
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  • WORLD STOCK MARKETS
    • US blue chips rally for fourth straight session
      • Article
        Untitled
        557 26 July 14 Ooac Pmi— NEW YORK Dow Jones 3,358.39 3,337.31 +21.08 SAP 500 417.68 414.87 +2.81 Turnover (million) 195.57 148.88 +46.69 LONDON Financial Times 30 1,897.4 1,890.3 7.1 FTSE 100 2,484.0 2,478.3 5.7 Turnover (million) 372.4 329.4 +43 FRANKFURT DAX Index 1,734.10 1,736.50 -2.40 AMSTERDAM EOE Index 299.44 298.63 +0.81
        557 words
      • Article, Illustration
        NEW YORK
        1404 26 NEW YORK STOCKS posted solid gains in active trading on Tuesday as another late round of computer-guided buy programs and short-covering 'helped the blue-chip sector extend its rally for the fourth straight session. The Dow Jones Industrial Average jumped '21.08 points to 3,358.39 for its fourth consecutive advance.
        1,404 words
      • Article, Illustration
        LONDON
        637 26 A LATE RECOVERY on Tuesday lifted shares to their first gain since last Thursday, buoyed by stronger FTSE futures and Prime Minister John Major's optimistic comments about the economy. The FTSE 100 ended 5.7 points higher at 2,484.0 after cutting an early 16.7-point fall. The FT 30 Index ended
        637 words
      • Article
        FRANKFURT
        238 26 GERMAN SHARE PRICES were slightly weaker at the end of a subdued Tuesday session as participants moved to the sidelines while waiting to see if the Bundesbank confirmed growing fears and clamped down further on credit. The DAX Index of 30 leading German shares ended 2.40 points lower at
        238 words
      • Article
        AMSTERDAM
        233 26 BEREFT OF investor interest, Dutch shares closed flat on a largely vacant bourse on Tuesday. Interest rate uncertainty ahead of the Bundesbank meeting today, the proximity of tomorrow's expiring options, and the holiday season combined to deter investment. The EOE Index closed 0.81 up at 299.44, having oscillated by
        233 words
      • Article
        MILAN
        187 26 SHORT-COVERING on the eve of the close of the July trading account drove prices higher in modest trade on Tuesday, although the rally was losing steam towards the end, brokers said. The MIB all-share index closed at 877 points, up 1.27 per cent on the day. "Some people needed
        187 words
      • Article
        ZURICH
        337 26 SWISS SHARES closed slightly easier after a moderately active Tuesday session with activity centred on industrial shares, dealers said. Banks and insurers closed quietly steady supported by slightly lower interest rates. The All-Share SPI Index shed 2.1 to 1,156.9 and the SMI Index of leading shares lost 6.4 to
        337 words
      • Article
        STOCKHOLM
        182 26 SWEDISH share prices on Tuesday stabilised during the day after opening erratically in the wake of Monday's decline, but dealers said the trend remained weak ahead of today's Bundesbank meeting. The bourse General Index closed up 0.07 per cent at 876.12, while the Top--16 Index rose by 0.33 per
        182 words
      • Article
        BRUSSELS
        213 26 BELGIAN SHARES ended marginally lower in slow trade on Tuesday as investors kept away from the market amid uncertainty about the outcome of today's Bundesbank meeting. The Bel--20 Index closed down 1.01 point to 1,165.19 with a low 478 million francs worth of shares traded. But selected shares showed
        213 words
      • Article
        TORONTO
        400 26 A LATE RUN-UP on Wall Street pulled Toronto stocks moderately higher on Tuesday, dealers said. A jump in Comex gold futures pushed gold shares up more than 2 per cent, while slight-to-moderate gains were spread over 10 of the other 14 indices in Toronto, they added. An article in
        400 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ edges up in Tokyo ahead of today's Bundesbank meeting
      1224 27 REPORTS Tokyo: The US dollar closed slightly firmer yesterday from New York closes after moving in a narrow range. Dealers were reluctant to trade aggressively ahead of today's Bundesbank council meeting. "Position adjustments before the council meeting were mostly finished
      1,224 words
    • Article
      INTERBANK FOREX RATES
      407 27 Cross rates July is USS SS MS Dm Yen SFr AS NZS LSS 1.6130 2 4980 ***** ***** 0.5214 1.3460 1.3405 1.8265 SS 0.6200 1 5487 0.9219 77.7433 0.3232 0.8345 ***** 1 1324 MS 0.4003 0.65 0.5953 50 2002 0 2087 0.5388 0.5366 0.7312 Dm 0.6725 1
      407 words
    • Article
      MONEY MARKET
      530 27 Interbank rates s$ Bid Offer Overnight unav unav 1-month 2 2 1/8 2-month 2 1/8 2 1/4 3-month 2 1/4 2 3/8 Overnight mode: 1-7/8 US$ Bid Q«fcr 7 d,y, 3 5/16 3 7/16 1 month 3 5/16 3 7/16 2 months 3 3/8 3 1/2 3 months
      530 words
    • Article
      Lock icon Tokyo exporters recoup some US$ losses by selling marks
      385 27 Reuter TOKYO Japanese exporters, who have lost heavily with the recent fall of the US dollar, have been able to make up part of their losses by selling marks, Tokyo currency dealers said on Tuesday. Japanese firms which export to Europe
      Reuter  -  385 words
    • Article
      FINANCIAL FUTURES
      1443 27 SIMEX EimOOOUAR Open High Low Sett Est Vol Act/Vol Op/1nt Sep 92 96.50 96.50 96.46 96.49 3800 3207 ***** Dec 92 96.06 96.08 96.06 96.07 6400 5085 ***** Mar 93 96.03 96.06 96.02 96.05 4400 2666 ***** Jun 93 95.70 95.74 95.69 95.74 2600 819 29% Sep 93
      1,443 words
  • Page 27 Advertisements
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  • COMMODITIES
  • Article
    PRICES
    1646 28 Rubber HAS C—wwodity Eictawg* (fatww do»in w it lpw) ESS 1 C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest 143.00 142.25 142.50 600 2.050 Sep 142.25 142 00 142.25 275 6.150 Oct ***** 142.00 142.00 300 3.975 Nov 142.00 142.00 142.00 100 4.150 Dec 142.25
    1,646 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      832 28 B USI NESS TIMES Toll lir—Trt No 737 -0043* Fax Wo: 734-3606 THE MATTER Of THEA COMPANIES ACT, (CHAPTER 90) AND JH THE MATTER OF MRVICn PTt LTD (Incorporated In the Republic of Singapore) (M LIQUIDATION) MEMBERS' VOLUNTARY WMDMG-UP At an Extraordinary General Mating of the Members of HONG MANAGEMENT
      832 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1070 29 aty n+* n» mm n» c l*m MMM GA893 1315 Maw* QF5 1956 SQg28 2050 RJ183 0006 taM—i SQ319 0715 KL838 2240 KL837 1255 Mtmm SQ347 1755 JUCMMM BA11 1506 SQ288 2015 Gf 148 0655 GA525/910 1755 iWfwan SQ181 1410 SQ182 0915 ---jf QF6 1130 TG402
    1,070 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Getting high on Twin Peaks
      650 29  -  POSTCARD FROM TOKYO By Andrew Pollack IT MIGHT seem strange that people usually known for their industnousness fly across the Pacific Ocean to be photographed in plastic sheets. But that is what Japanese fans of Twin Peaks do on group tours to Snoqualmie, Washington, the
      650 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      153 29 As at 10am yastarday: Local dollars to ooe unit of foreign curreoo Currencies Bid Offer Australian dollar 1.1981 1.2145 Canadian dollar 1.3368 1.3638 NZ dollar 0.8728 0 8905 Sterling pound ***** 3.1206 US dollar ***** 1.6150 Local 4oUan to 100 Baits of foreign twuc> Austrian schilling
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      107 29 Duration Title Venue Organiser Tel Duration Title Venue Oiyniier Td Aim 16-11 International Munich. ModevWoche- (49) 89/5024 Sep 6-10 International Earts Court, Reed Exhibition 081-*****71 Fashion Fair Germany Munchen GmbH 570 (fax) Watch, Jewellery London Companies Ltd Aug 16-19 National Chicago. USA Reed Exhibition (1)617/630- Trades Hardware
      107 words
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      40 29 It's amazing the lengths Finnair goes to lor just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price Check with your travel agent or call *****77 for more details. WeK—B—ft—— twUmiiit
      40 words
    • Advertisement
      Page 29 Advertisements Column 2
      7 29 Advertising Marketing in Business Times every. Thursday
      7 words
    • Advertisement
      Page 29 Advertisements Column 3
      595 29 B U S I N E S S__^LJUM_E—S_ Toll-frau Tel No: 737-0043 Fax No; 734 3698 POH LiAN MARINE PTE LTD (Incorporated in Singapore) (In Members' Voluntary Liquidation) Registered Office 191 Cecil Street *25-98 Tong Eng Building Singapore 9196 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN that the Final
      595 words
    • Advertisement
      Page 29 Advertisements Column 4
      165 29 M THE MATTER OF THE COMPANIES ACT, CAP. 90 ANO M THE MATTER OF mum yew hardware a MACHINERY PTE LTD (M VOLUNTARY LIQUIDATION) None* hereby gwan Section 308 ol the Compenwe Art. Cap 50 thai Firtai Geneo* Meeting ct the members at the atoovenamed Company wH be held at
      165 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      175 29 I Sebastian, |M~~ ■H in his hammock (5) H—H— tures announced (9) 9 Status players in aRU team turning out? (7) jj""^~^" 11 Game-forest book (7) 12 Outing from Turkey 29 Welcome cry in Scotland Pain suffered by athletes 25 Silver, topped with tin, can (5) gathering tacks? (7-6) be
      175 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      158 29 Singapore Outlook; Cloudy with showers ow several areas la the late morning and afternoon. Report Maximum temperature 31.2 Assoc humidity 72% Minimum temperature 24.0 Assoc humidity 89% Hours of sunshine 2.35 Rainfall in mm 20.5 Rainfall this month 76.5 Rainy days this month 6 World report Asia-Pacific Hi/Lo* Good. Auckland
      158 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      34 29 i Time SiGV-t c, mrc WAS Fy*4p\uuV UHeN v*e CoOtD SHouT "TWOSe UG«C Tae,D*VS roSSlkn Vvv4PvV-U>Y fVT meRDR HOURS UIIHOOT pfcPMiNG Pk E^epTTH.... Ot-p Wf*vS CAUGHT \J? W«M.... C ASSOCIATED MEWWAMM LTD. 1N)r1»2 8704
      34 words
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  • Article, Illustration
    Lock icon Democrat platform puts priority on jobs, growth
    488 30 MRE^ERrpil^ AP, Reuter, NYT NEW YORK Democrats on Tuesday approved a platform an official statement of policy tailor-made for Bill Clinton that puts jobs and economic growth at the top of the party's agenda in its 1992 fight for the White House. The
    AP,; Reuter,; NYT  -  488 words
  • Article
    Lock icon Malaysia urges companies to pay higher wages
    304 30 Reuter KUALA LUMPUR Malaysia is urging firms to raise wages and improve perks to mobilise jobless youths and ease an acute labour shortage at a time when it is cracking down on illegal foreign workers. a senior official said yesterday. "We are encouraging
    Reuter  -  304 words
  • Article
    Lock icon More small businesses in Japan going bust
    250 30 Bloomberg TOKYO The wave of bankruptcies that has stormed though Japan's real estate industty is showing signs of spreading to other parts of the Japanese economy. Japanese bankruptcy figures released yesterday showed that while fewer companies linked to the property market are going
    Bloomberg  -  250 words
  • Article
    Lock icon No Cabinet suspension for Samy Vellu: Dr M
    192 30 Bernama KUALA TRENGGANU Malaysian Prime Minister Mahathir Mohamad said Energy, telecommunications and Posts Minister Samy Vellu, now under investigation by the Anti-Corruption Agency, will not be suspended from the Cabinet. Mr Samy also will not be asked to go on leave because
    Bernama  -  192 words
  • Article
    Lock icon China's private economy to equal public sector by 2000
    261 30 AFP BEIJING China's private economy will catch up with shrinking state-sector industrial output by the year 2000 if government economic policies remain unchanged, an official research centre has predicted. The forecast was "based on the fact that state-owned enterprises have been
    AFP  -  261 words
  • Article
    Lock icon Workers told to drop dialects for Mandarin
    177 30 Reuter BEIJING Chinese workers will have to use standard Mandarin Chinese instead of dialects as the language of business, the official China Daily said yesterday. A recent government circular orders shop clerks in China's special economic zones in Guangdong and Fujian to take
    Reuter  -  177 words
  • Article, Illustration
    The poor in the US aren't getting poorer
    921 30  -  The Bottom Line PAUL ROBERTS The writer is chairman of the Institute foC Political Economy in Washington. Reproduced from Business Week International by special permission. Copyrighted by McGraw-Hill, Inc._ All rights reserved. DURING the past five years, disingenuous academics and their sympathisers
    921 words
  • Article
    New Russian economic plan seen axing 4m jobs?
    591 30  -  From John Helmer in MOSCOW THE Russian government's new economic strategy of tough monetary and fiscal policy controls will result in at least four million job losses this year and another 3.5 million in 1993. A 311 -page government document containing the
    591 words
  • Page 30 Advertisements
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  • Shipping Times
    • Article, Illustration
      M'sian firm to launch feeder service between Malacca, S'pore
      336 31  -  Decorbumi plans to extend the containerised tug-baige service to Pasir Gudang By Ramesh Divyanathan SINGAPORE Malaysia's Decorbumi (M) Sdn Bhd is set to launch a twice-weekly feeder service between Singapore and Malacca on Sunday. The company plans to deploy a containerised
      336 words
    • Article
      UK govt rejects funds for owners
      117 31 LONDON BRITISH shipowners' campaign for sopport has received a farther setback with the government's refusal to help with a so-called war bounty. The UK government's decision came after the proposed amendment to the Finance Bill, which would have given shipowners roll-over tax relief, was
      117 words
    • Article
      Reliable to set up shipyard in Shenzhen
      521 31 Southern location and lower rates expected to woo foreign business HONGKONG China's naval ship builder and repairer, Reliable, which turned to commercial business in 1989, plans to set up a shipyard in Shenzhen to woo foreign business. Represented in the territory by Reliable
      521 words
    • Article
      Lock icon UASC enjoys 38pc rise in turnover
      192 31 International Transport Journal DUBAI United Arab Shipping Company (UASC), the Arab world's largest shipping firm, has reported turnover of US$546 million (SsB79 million) for 1991, a 38 per cent increase over the previous year's figure. Owned by Bahrain,the United Arab Emirates, Kuwait, Qatar and
      International Transport Journal  -  192 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      856 31 Page Col ABC Containerline 12 I Accord Group 8 1-3 APL 5 3-5 Arrow Inter 9 2 ASCL 5 9 Alpha Feeders 6 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Bank Line. The 9 5 Batamindo
      856 words
    • Article
      Lock icon Japanese shipowners taking FE bunkers
      216 31 Reuter SEATTLE Demand in the US west coast bunker market has slowed recently because a number of Japanese shipowners are taking bunkers in the Far East rather than at west coast ports, traders said. "They're buying in Korea instead of Seattle, and Taiwan instead of
      Reuter  -  216 words
    • Article
      Big profits seen in Viet container port projects
      496 31  -  From Al O Labita Jr in MANILA A Filipino company's planned container port projects in Vietnam may be cap-ital-intensive, but in the long run the return on investments will be high, brokers say. The projects, expected to come on stream late this
      496 words
    • Article
      Lock icon Wind, tide free grounded ships on Argentine channel
      271 31 Knight-Ridder BUENOS AIRES K change in wind speed and d»% rection, and a record tide; raised the level of one Argentina's main shipping enough to free 35 grounded vessels, the Coast Guard said. The Argentine oil tanker Astrasol, loaded with petroleum and
      Knight-Ridder  -  271 words
    • LOG BOOK
      • Article
        Fedex submits plan to set up regional hub
        98 32 TAIPEI Federal Express, a US parcel delivery company, submitted a request to the Ministry of Transportation and Communication to set up a regional transhipment hub oi( the island. Federal Express hopes to use the Chiang Kai-shek International Airport in northern Taiwan as
        98 words
      • Article
        Suez tolls reach US$900m
        98 32 CAIRO Tolls from shipping through the Suez Canal reached US$9OO million for the first 6 months of this year, the Suez Canal Authority said. A spokeswoman for the SCA said Egypt hoped to make US$2 billion from Suez Canal tolls this year. Although reports vary, canal
        98 words
      • Article
        Peru's port workers may strike
        64 32 LIMA, Peru Delegates from Peru's 16 sea and river ports will vote on whether to call for another nationwide strike to press for the settlement of their 1992 contract and wage demands, said a union leader. Union leader Adolfo Granadino said two proposals would be
        64 words
      • Article, Illustration
        Lock icon Concorde power on wheels
        48 32 Reuter NEW YORK Chrysler chairman Lee lacocca poses with the Mt LH sedan Concorde model next to a British Airways Concorde supersonic airliner at New York's JFK airport on July 13. Chrysler Corp hopes the LH sedans will go on sale by November. Renter
        Reuter  -  48 words
    • Article, Illustration
      Lock icon Steady growth in reefer shipping business
      1374 32  -  Clive Woodbridge expects growth rate for refrigerated caigo volume to rise 8-10 pc this year, with banana shipments acting as tne main driving force Clive Woodbridge Seatrade Review Reefer shipping is in generally robust condition. Over the past two years, refrigerated cargo volumes have
      Seatrade Review  -  1,374 words
    • Article
      COCKETT BUNKER MARKET REPORT
      807 32 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      807 words
    • Article
      THE SHIPPING GUIDE
      9639 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      9,639 words
    • Article
      SHIPPING AGENTS
      3232 45 A.BC Containerline NV: Bclsin I Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pie Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: CaJsource Shpg Trdg Pte Ud (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ud
      3,232 words
    • Article
      COURIER SERVICES
      257 45 Abacus Couriers TcJ: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844 Fax: *****16. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax. *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-link International Tel: 344-3377. Fax: *****50. Ouster link Supplies Services Tel:
      257 words
    • Article
      AIR FORWARDERS
      1485 45 Abex Express Freight Tel: 542-7171. Fax: *****84. I Actinic Forwarder Tel: 225-1833 Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50
      1,485 words
    • Article
      PORT CONDITIONS
      3056 46 ARGENTINA Bmn Aires: Port quite; several general cargo berths available. Su Lorenxo: Six vessels operating of which 3 loading pellets, 3 loading grain; four vessels anchored in roads of which 2 to load grain. 2 to load by-products. Ronrio: Eight vessels operating of which 6 loading grain, 1
      3,056 words
    • Article
      SHIP SALES & TANKER RATES
      738 46 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers k 45,629 dwt and built Nov 1985 Verolmc Brazil, on offer for USsl2.sm cash. Pacific ChaifMUK 27,748 dwt and built Dec 1975 Hayashikane. presently 2 others inspecting. AstragaiHernm: 64,500 dwt and built Nov 1989 Alianza Avdlan. ideas remain unchanged at USs22m
      738 words
    • Article
      AIR FREIGHT SCHEDULE
      554 46 ARRIVALS Op Flight Tm ETA T From TODAY KAL K.E697 B747F 0150 1 SEL SIA SQ827 B747F 1730 2 CPH/DXB CLX CV794 B747F 1845 1 LUX/DXB NCA KZ203 B747F 1930 1 NRT KAL KE685 A30F 2345 1 SEL/MNL TOMORROW JAL JL6I5 B747F 0240 1 TYO NWA NW901
      554 words
    • Article
      CRUISE & FERRY SCHEDULES
      324 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Art Pep Nwt of Vessel ETA LTD Ports of Calls Port Agent Telephone No JULY 17 17 Royal Pacific 1>00 1930 Cruise to Nowhere Ocean Trade Chartering 299-0366 19 19 Asean World 0900 1800 Sin-Hkt Sembawang Johnson Mgt 227-8284 19 19 Royal Pacific 1100 2030
      324 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        538 47 <ww> Vey Hi 9m* HtM Dyfcr* Had fry Hi BwHi «w*d Dipirtw_ Rastxx, l P03 16.07/2300 1107/0700 Ander 9201N M02 ator«s* 15.07/2359 E "j" g" JJ* JJgJgo Batam Matu *****2 M03 alongside 16.07/0500 15 07/1900 18.07/2300 Batam Murra *****2 M02 atongstoe 15 07/2300 »Sto 1<* P03 M7/WW
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        IN MALAYSIAN PORTS
        266 47 Jilwri Port Berth: 1: ml: 2: Kns Madura. Ding An; 3: Kapitan Gtazachev; 4; nil; 5: ml; 6: Barge Josindo Satu. 01 jetty: Thhsi D C h Silver Pride. Due on JiJy 15: Stott Sakra. Sri Nam Hua R. Johan Pearl. Um Modest, Wan Hai 205. Due
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        CONTAINER SCHEDULE
        1644 47 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Mp Voy No Contanen avAMe a* Voy No Canteen n thttt DSR Battic WF232 14 07 92 ~0735 N Crystal 06E ~COO("EST)~ 1507 92 0700 Mitrans bp 3S3 1407 92 0800 Tiger Creek 24N COO(EST) 15.07 92 2200 Via Bfcur 13N
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      TRANSPORT DIARY
      1020 48 Sept 6-18: Seatrade Academy's Anatomy of Shipping, organised by Seatrade. The event will take place at Selwyn College Cambridge, England. Sept 15-16: Asia-Pacific Digital CeHular Mobile Communicatioos, organised by IBC Technical- Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 732-1970
      1,020 words
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      DAILY FREIGHTS
      586 48 DRY CARGO freight rates looked for direction in a slow market after recent Russian grain fixtures undermined last week's steadier tone, brokers said on Tuesday. The Baltic Freight Index (BF1) shed a point to 1,057 with the US Gulf/Continent route down slightly. Bunge fixed a Handysize grain vessel
      586 words
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      Fedex MD resigns after 10 years with company
      355 50  -  Replacement yet to be appointed By Dexter lee SINGAPORE Michael Goh, the first Singaporean to head Federal Express operations in Singapore, Indonesia and Brunei, resigned last Friday after 10 years with the company. He gave the American company 24-hours notice since he
      355 words
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      Lock icon British Rail to be split up and sold to private sector
      376 50 AP LONDON The government announced on Tuesday that it intends to split the national rail system into track and operating companies, and allow private companies to compete in offering service. Eventually, it aims to turn over much of the
      AP  -  376 words
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      Lock icon First plane sold for re-export to US
      197 50 AP BEIJING A joint venture between McDonnell Douglas and n Chinese corporation has sold its first jetliner for export bnck to the United States, an official report said on Tuesday. The state-run Xinhua News Agency said the MD-83 aircraft has a non-stop flight
      AP  -  197 words
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      Lock icon Scandinavian Airline places US$250m order with McDonnell
      389 50 UPI LONG BEACH, California McDonnell Douglas Corp, which has been hit by a series of recent negative developments, announced on Tuesday that Scandinavian Airline Systems has placed orders worth US$25O million (SS4O3 million) for six of its intermediate range MD-90 twin jets. Stockholm-based
      UPI  -  389 words
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      Lock icon Lord King to retire from British Airways
      161 50 NYT LONDON At British Airways pic's annual meeting on Tuesday. Lord King of Wartnaby. the airline's chairman since 1981. confirmed that he planned to retire. Lord King, who oversaw the transformation of British Airways from a loss-plagued state-owned company into one of the
      NYT  -  161 words
    • Article, Illustration
      Lock icon General Motors takes another big step in restructuring
      645 50 Marketing and communications staff overhauled NYT WASHINGTON Dropping another shoe in the restructuring of its North American operations. General Motors Corp on Tuesday announced an overhaul of its marketing and communications staff that for the first time has resulted in the departure
      NYT  -  645 words
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      8 31 For advertising enquiries, contact Skipping Times: Tel 740-20t9n*****0.
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      Page 31 Advertisements Column 2
      129 31 the J& FAMOUS Causon 224 1833 For more information pleane refer to Pg. IS Reefer shipping still strong, Pg 2 Fedex MD resigns, Pg 20 CORECK4MARITIME GMBH We are pleased to announce the commencement of our DIRECT EXPRESS SEMI-CONTAINER SERVICE FROM SINGAPORE TO SOUTH AMERICA EAST COAST PORTS. ■■■IFIRST SAILING
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      Page 31 Advertisements Column 3
      49 31 A* Forwarder i. 15 Ai FragW Schedule 16 Contam Schedule 17 Courier Services 15 Cram Ferry Schedules 16 Oady IS Index 1 Port Contains IS Shippwg Agents 15 Shop* Gudt 10,11 Shvsaies/Tanker Rates 16 Stalls n Port 17 Smgapoie Tries 17 Transport Diary It Weather and Sea Condrt»re 17
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      90 32 j Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional lode at successful small firms and the
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      3432 33 i^kH OOCL (S) FTC LTD MROM SHIPPING AQSNCISS %l||f# TEL: *****11 FAX: *****09 HMf BOOKINGS TEL: *****34 I *****58 lllfflll TERMINAL/CFS TEL *****18 220 I*oooo9 H PESAKA JARDtNE SI MM 10 AGENCIES SON. BHO. LVflflfJ PORT KELANQ TEL. *****18 FAX: *****91 *****88 A A u. PENANQ TEL: *****4 FAX: *****1
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      Page 33 Advertisements Column 2
      173 33 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT 1 J 111 VSI/VOY m NYC BAI OKF. I W a imi h it/? in 1/1 nt/» at ummm n 7/1 li/i it/* u/i u/i imii Kun M/i ni 27/1 a/i a/i -I-
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      Page 33 Advertisements Column 3
      1454 33 ■nironwa 2 SAILINGS TO NEW YORK ANDERS MAERSKV.92IO ETA Singapore 20/7/92 ETA Now York 20/8/92 (VU ROTTERDAM) -t; MAREN MAERSK V 9210 ETA Singapore 21/7/92 ETA Naw York 23/8/92 vnM Voy ETA I ETD Feeder by "t 1 DESTINATIONS It Loorort/Arioo '■ti ThM w«ak Maran Maarsk 9210 ~;*i CY 21/7
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      1323 34 rage i 'LA SEINE 25/128 10/7 24/7 8/8 4/8 3/8 I I I I HOECHST EXPRESS 04/328 19/7 5/8 7/8 10/8 11/8 I 111 > HAMBURG EXPRESS 09/129 23/7 1/8 15/8 11/8 10/8 I I f HANNOVER EXPRESS 09/329 26/7 12/8 14/8 17/8 18/8 £.I I 1 KURAMA 17/130 30/7
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      Page 34 Advertisements Column 2
      464 34 I EXWIEM TO MMI« HP* OWWtA I chbpoo vm sr/w pom/hom/nomo/ha* LAC/MAO ALAM TALAMO V3B WW POBB/HON/NORO/RAR I S KM/UI/VVR I R X I (LCL -I- B/BULK) J T/1 ALOTAU, OROBAY, KAVEN6 ACCEPTMG LCL FOR MAM PORTS DISCHARGE f(MT KELANG N C. TEL: *****01/4 I 0 1 I I I
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      Page 34 Advertisements Column 3
      1373 34 El REGULAR INDCPgNPENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE HL/VOY m ALG RCL HMI ME OOT MJT PEL LNA (MA (MA (MA AL6) HUM) ROT) SL FREEDOM 219 M 10/07 00/00 00/00 10/00 11/00 12/00 13/00 14/00 15/00 MORASM MUBARAK 9220 3 21/07 11/00 13/00 15/00 10/00 17/00 10/00 19/00
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      2073 35 STRAITS SHIPPING PTE LTD It Mm CMmc #11-01 Kop»ol Tow** Shigaporo 02— Td; ***** M Fax: *****17 ra MMO tan 17 M MM lON V.0135/BI4M 18-2B BAT 22-23 BIT STVMIS SIM vIK W, Tow y wmm* /mtkm i* m v m m v Km MDHJH VO4C Muari. Lab. KK 17
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      Page 35 Advertisements Column 2
      2282 35 SINGAPORE AGENT: 3 ■MIL P&0 Containers 1 m bbwa T-; 2233 TataK P3 ***** PNOCSP F«x: 225 5327/222 7517 I CR Number. KHSOSIOOOOZ "1 MOV M M U> MM my NOT MAM VIMKL VOT MIT NOT NAM MM UN «L* W *NN "NM W LICA MAERSK WO® 00*7 12/0? 17/07
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      569 36 q-JJUMiHI CR NBR **********0-0 EXPRESS SEMI CONTAIMERSNIP SERVICES TO EUROPE Hl/wr S-rCK MMM/MM KMC WO MTMAM/J2W ZIP W W FAST TRANSIT TNE ACCEPTMG BREAKBULK/COMTAMEMSED CARGO tiitilirl to InduoMMnt. Alas acc«p«ng cargo to CaaaManra, Port Said, Port Alexandria, Oonoa. Triooto. ALSO ACOFTMS COWEWTWHRL CMCO W T/S TO IK PORTS, HULL. IE
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      Page 36 Advertisements Column 2
      1162 36 HANJIN SHIPPING M i» haul ICR 0M H> HI Ml IM RRM WW iM MC OIK 15/7 HECT 9/1 12/1 NIMBI OEM MM 20/7 IMB WfIWY 0231 27/1 M/l »/l MMMt iflSaual SW 26/7 OKCT 16/8 19/8 HAMM KMMEYAMB 09IC 27/7 H. UMNBM 9J3E 1/1 W O MNM «oTra»*M om
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      Page 36 Advertisements Column 3
      1193 36 —ITi H I H M H'l H u 1 1 irrTiPßlsrßiflli B iFi■ I_ c vi« svi.lvi.| I a»— him 21/7 21/7 1/1 VI 7/1 14/1 11/1 11/1 H/f 14/4 17/1 It/I VI 11/1 U/l 22/1 23/1 14/1 IVI S/l 4/14 14/14 24/14 21/ M I I mmh Kjjj </|
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      Page 37 Advertisements Column 1
      1929 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 ICR NO: **********0E) BOOKINGS (FOR ALL NOL SERVICES) NEPTUNEUNK TEL *****00 (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 —I FAR EAST SERVICE *****00 IMPORT CFS F9: *****80/*****98 M UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS F»: *****53/*****50 AUST/INDIA/PAK SERVICE NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33. P.K«tang-(03)
      1,929 words
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      Page 37 Advertisements Column 2
      1114 37 SINSOV SINGAPORE SOVIET SHPPMG CO PRIVATE LTD 2 BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUMES: *****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 |USIM«I— OBCHWMIt WSIBCUB-IMONt MW««WTTBWW gnat m law |m
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      Page 38 Advertisements Column 1
      1227 38 S 4 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) v w TEL *****77 TELEX: KAWAH R*****5 FAX:*****07/8/9 I |V| M. MALAYSIA: *K" UNE MARTTIME (MALAYSIA) SON BHD J JL MmJ TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 ■IHHI KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. BARANA
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      Page 38 Advertisements Column 2
      954 38 PHIU-OMNT UN€S PT€ LTD M WE WORLD FOR YOU MEMBER QFSINGAPORE FREIGHT FORWARDERS ASSOCIATION 20 JUL SYDNEY, MELBOURNE, OHRISTCHURCH 17 JUL AUCKLAND. WELLINGTON, om 27 JUL SUVA. NOUMEA. PAPEETA. APIA. LAUTOKIA, SAN ANTONK? I LCL SWNVtCK. I—i —icentral/south america/caribbeans 18 JUL MEXICO CITY. TAMPtCO. st MAA RTEN, SAN JUAN. 18
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      1914 39 auppug limes, mnrsoay «nj www PACIFIC INTERNATIONAL LINES (PTE) LTD *****58* rnM U AHb 140 Cecil Street, #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********0E I JAKARTA vqy B|H VESSEL VOY SIN JUT SIN EQUATOR CRYSTAL WON 18/7 11/7 2S/7 EQUATOR HAWK 52N 17/7 19/7 23/7 ESTE BRUGGE
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      Page 39 Advertisements Column 2
      845 39 tmBSTONTAINERSHtvia TO UK-NORTH OONTWENT-TANtHNAVIA WEEKLY I p|P GUOANG PENANG e KEIANG OCEAN VSL VQY SIN SOU (11 RTM (2) HAM (3) GOT (4) 17/7 17/7 18/7 AROSIA 2282 21/7 7/8 9/8 10/8 12/8 g 24/7 24/7 28/7 NIHON 2292 28/7 14/8 16£8 17/8 19/8 D 31/7 31/7 1/8 BEN ARTY
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      Page 39 Advertisements Column 3
      276 39 NIGERIAN NATIONAL W& SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER KPAM VJ2 SINGAPORE M July ETA Lagoo 15 Aug Port Harcourt IT Aug Cilihir If Aug ACCEPTWO 8/BULK AMP CONTAINERS I BSA° TRANSPORTATION M MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'porc P.Kit Pen P.Gd( PAGAN VIMW
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      2906 42 Full Container Services Agents-. i»d— £mm Am Skipping Mi ®M Chnnf CMn Stripping Mi AM p 7 Btoknl PHtrt Indenesln MMHm General Agents: Seeking Agents: ss Penuran Ha? Mud, Musa 2U laian xm h*t jhhju*+wi4 Costar Shipping Pte Ltd supping FmgM g-ung c—tn mum *2000 Port «<*« on u*n si
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      Page 42 Advertisements Column 2
      345 42 SAMUDERA INDONESIA (S) PTE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE Singapore 0106 T«tti: R*****0 Tel: *****81-3 Fax: 225 4939, *****36 FOR BOOKINGS CALL DIRECT UNE TEL: *****41/*****43 SIN/JAK SERVICE VESSEL VOY SIN JAK PELOPOR 1038 25/07 (SAT) 28/07 (TUE) PRELUOE 909 18/07 (SAT) 21/07 (TUE) LAWANTI 970 21/07 (TUE)
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      Page 43 Advertisements Column 1
      572 43 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LNASSOL/PREAUS 19/7 ROTTERDAM 19/7 HAIFA/ASHOOO/ALEXANORIA 19/7 HAMBURG/BREMEN 19/7 MARSEILLE/FRANCE 19/7 FELIXSTOWE/UK 19/7 BARCELONA/SPAIN 19/7 LEHAVRE/ANTWERP 19/7 GENOA/ITALY 19/7 GOTHENBURG/SCANDINAVIA 19/7 LOS ANGELES/WC/PI 19/7 SYDNEY/MELBOURNE 19/7 NEW YORK/EC 19/7 FREMANTLE/ADELADE 16/7 VANCOUVER 19/7 BRISBANE
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      Page 43 Advertisements Column 2
      1307 43 HH TEL: *****33 (12 LbtM) I=l FAX: *****15/*****03 TELEX: RS ***** RIBMP (3 LinM) ESQ ETHIOPIAN SHAPING LINES National Lines of Ethiopia) ACCEPTING FCL ANO CONVENTIONAL VESSEL IVOV ETA LOADING FO« SPowe ABYOT ?9WB ?€/06 DARESSALAAM MOMBASA. DJBOUTI ASSAB. MASSAWA NETSANET 27W8 30/0* DARESSALAAM MOMBASA. OHBOUTI ASSAB. MASSAWA H KIEN
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      Page 43 Advertisements Column 3
      366 43 ISssSS TKEFt-une VSL VOY SMGAPORE MADRAS SMGAPORE wssu voy sm mm sw 5 nracKn 2«a sm 22-24/17 29-10/07 TIGER BM)GI 213N 10-19/07 25-27/07 01 't2-rf* IKD SIM 25* 22-23/(7 29 31/07 OVM/Ot. TKOI SPIED 214* 25 2® 07 01 03/01 0t 0»/»« VSL VOY SMOAPORE/CALCUTTA/SMGAPOHE r VESSEL VO<r SM CM.
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      1256 44 fcAfIMAC-NELS groupage I Jakarta'<2i^ 1 &t62 *32 SSSSfflSw* HKG/TWN/BKK |GOTH/U.K/MED PORTS PEN PKL SIN PEN 19/7 20/7 21/7 Honf Konf Ldn/Fta/Rdm/Ant 24/7 25/7 26/7 22/7 23/7 24/7 Honf Konf G'burf/C'hafen/S'holm/Oslo 19/7 20/7 21/7 29/7 30/7 31/7 Honf Konf 29 JPN/BUSAN/MANILA 20/7 21/7 22/7 Keelunf/Kaohsiunf 1 17/7 28/7 29/7 Tokyo/Kobe 19/7
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      Page 44 Advertisements Column 2
      246 44 BLUE STAR LINE SINGAPORE TO ANO FROM NEW ZEALAND AND PACIFIC ISLANDS SM AXL LYT SM N Z STAR V 0524 17/7 29/7 31/7 17/1 premer viss 30/7 11/1 13/t 30/1 MULBERA 2SS 14/1 26/S 2S/S 14/9 FULLY CONTAINERISED SAIUNOS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL TOR NEW PLYMOUTH.
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      Page 44 Advertisements Column 3
      1119 44 /gl THONG SOON UNES PTE. LTD. 77 RO6MSON ROM) #15-00, #16-00 SU BULOMG SMGAPORE 0106 TEL: *****5S FAX HO: *****11, *****22 TLX: RS ***** CAMP, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAVBIA vessel |wt In* loesT vessei |w [spue If. kelarc KIM SOON LI
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      130 46 UPLIVING IT EACH WEEKEND, put up your executive feel, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, youll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take shots in
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  • Page 47 Miscellaneous
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      Page 47 Miscellaneous Column 1
      428 47 TIDES AND WEATHER TODAY'S TIDES (Iwjflt in metres) J HOW MOO *****200 *****100 *****(00 0700 *********************************************900 *****100 *****390 JR 3.0 2.8 2.4 1.8 1.2 0 8 0 6 0 5 0 5 0 8 1.4 1.9 2.3 24 2.3 2.0 15 1.1 0 9 1.0 1.2 1.6 2.2 *58 PP
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      Page 48 Advertisements Column 1
      300 48 1 Wfek LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 REGULAR FULLY CONTAINERISED SERVICE TO SHANTOU 2 SAILINGS PER MONTH VESSEL ETA
      300 words
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      Page 48 Advertisements Column 2
      383 48 jL cosco UKC COWVBmOMAL SCRVICt VESSEL PKL PNO P O. LOAOINO TOR: A VESSEL 28/06 Rotterdam/Antwerp CHMA COWVPfnOWAL ICTYICt VESSEL PKL PNO P.O. LOACHNG FOR: QtNO PONG 12/07 Ouangitxju/Huanflpu COSCO FULL COWTAXtR »WVICH (Fd/FCL) EXPORT TO: CNMA/BANQKOK/HONQKONO fUROrC/CONTMCNTAL WEST MEOiTERRAMEAN AUSTRALIA US WEST COAST PERSIAN OULF/KARACHI PIMM refer above mentioned
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      Page 48 Advertisements Column 3
      371 48 (I COLOMBO pnarnnnTel:227W4/ Fax: *****83 I |A| SKH DISTRIPARK PTE LTD 77 Robkwonßoad«l4-02SiA Building, Singapore 0106 Smoaoore Tsfc *****79 Fax: *****82 Tbc: RS *****SKHNVO jotoreßtfu T«t 07-*****8 Fsx: 07-*****2 Port Klang Tel: Fax 03-*****81 Panang Jakarta Surabaya Bangkok Manila Hong Kong P.R. China Keakjng Kaohsiung Busan Tokyo Kobe Yokohama Nagoya
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      Page 48 Advertisements Column 4
      156 48 OCEAN LINES SINGAPORE SINGAPORE COLOMBO FCI/LCL FREIGHT COLLECT AND PREPAID ARE WELCOME We also accept cargo for other destination worldwide Co-loaders Are Welcome iMtiaf/Saits A|«at wmmt MM27U3 Fac 545 4827 Arias Tet*****30 Fac *****95 Bram M 447 2667 Fac447 1512 Ricky CO.OBBO: Tat *****3M***** Fax; *****5 Mujeeb JOHOfc Tat 07
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      1015 49 ▲HYUNDAI I __MERCHfIHT MARINE CO. LTD. *VIA feeder pacific south-west service mr r*£* pcd* aw* to usa vov kao lbh oak pai/hou ch siu htc 14/07 00/07 10/07 17/07 H. CHALLENGER 52E 24/07 10/01 13/01 13/01 14/01 14/01 10/00 21/07 15/07 17/07 24/07 K MOVATOR 51E 31/07 17/01 20/01 20/01
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      Page 49 Advertisements Column 2
      462 49 1 STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST H RO-RO A HEAVY UFTS I MONTHLY COHVEHTIOHAL SERVICE TO MOJI JAPAN I M.V. COSMIC CHALLENGER VlBl ETA SPORE 1/8/92 I ETA PK 3/8/92 I ETA MOJI 17/8/92 I FOR BOOKING PLEASE CONTACT: I SPORE TEL *****31 •MR P.K. CHIAM I K.LUMPUR TEL:
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      Page 49 Advertisements Column 3
      1005 49 afgg^—E~W JW I JW K4IBIH I p our SERVICE CALLS .—T— i—r—i —i—i SINGAPORE > lay r r r rrrr pr r r direct every IMM MM IVM WW MUMM MCMT IJ72M 22-2W M/M 12/ M 12/ M 12/ M 12/ M IV IIM 14/ M WEDNESDAY &IO II mi
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      Page 49 Advertisements Column 4
      130 49 I MBINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SMMER FAX: *****64 team wtn or JJ; CMGO s-fou asm* now .»3 MfTMK KLMT VI«E IH7 M 17 II M (fcrtvly W. MM mcurc nm *i« zi-zz u zs-m m mm><. ■nwc sw »ik n-zz
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      Page 50 Advertisements Column 1
      66 50 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times —i The B<eajfcvjie Housekeeper -this hotel O ivik I wants is me. Bob I'll never neglect 1 -tJnis house, b%/ J Any Job. any Career. Available Any Day. Any Time, anywhere. The Straits Times The Sunday Times Business Times The New Paper
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      Page 50 Advertisements Column 2
      9 50 PERSONAL FINANCE I INVESTMENT bvery Saturday in Business Times
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