The Business Times, 24 July 1992

Microfilm: NL18221
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Friday, July 24, 1992 75*
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  • NEWS SUMMARY
    • Article
      US jobless benefits claims rise higher than expected
      79 1 WASHINGTON The number of Americans filing for unemployment benefits for the first time jumped in the first week of July to the highest level in two months. The US Labour Department reported yesterday that for the week ending July 11, the number
      79 words
    • Article
      Digital posts US$1.8b loss for latest quarter
      54 1 MAYNARD, Massachusetts Digital Equipment Corp yesterday reported a US$l.B6 billion (SS3 billion) loss for its latest quarter. Digital president Kenneth Olsen, who last Thursday announced he would retire on Oct 1 from the company he founded 35 years ago, said: "Our Financial results
      54 words
    • Article
      Promotion amid row
      31 1 INDONESIAN President Suharto's brother-in-law is about to be promoted within the armed forces in spite of mounting public criticism of the military's powerful role in politics Page 2
      31 words
    • Article
      STPB defends figures
      38 1 ACKNOWLEDGING a difference between the Singapore Tourist Promotion Board's average occupancy rate and those of individual hotels, the STPB assistant director of market planning has stoutly defended the veracity of the board's statistics Page 2
      38 words
    • Article
      Keener competition
      32 1 TANK STORAGE operators in Singapore are heading for keener competition in the mid--1990s when expansion projects in the pipeline will come onstream, creating what could be a glut Page 2
      32 words
    • Article
      Indon growth target
      35 1 INDONESIA'S economy needs to grow at a minimum of 5 per cent a year to absorb the number of new job seekers coming onto the market, says Finance Minister Sumarlin. Page 10
      35 words
    • Article
      Tough spending policy
      22 1 THE British Cabinet has agreed on a tough new policy aimed at tightening control of public spending. Page 11
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    • Article
      Full steam ahead
      31 1 THE Singapore marine industry, which last year generated sales of $3 billion, has sufficient momentum to maintain both its turnover and profitability this year. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      35 1 WALL STREET stocks were mixed in early trading yesterday, bidding to reverse its recent slide. The Dow Jones average of 30 industrials rose 7.29 points to 3,284.90 in the first hour of trading.
      35 words
    • Article
      Footsie lower
      28 1 LONDON share prices were lower at midday yesterday. At about 1130 GMT, the FTSE 100-Share Index was down 9.6 points, or 0.4 per cent, at 2,378.3.
      28 words
    • Article
      Kesang suspended
      32 1 TRADING of Kesang Corporation shares was suspended by the Kuala Lumpur Stock Exchange on Monday, pending investigations into the company's issue of 32.7 million new shares last September. Page 4
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    • Article
      Good response to KIE
      23 1 KEPPEL Integrated Engineering (KIE) received 58,000 applications for shares in its public offer which closed on Wednesday Page 4
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    • Article
      Broker to dose down
      16 1 ONE of Taiwan's biggest brokerages, Evergreen Securities, will close down Page 6
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    • Article
      Citicorp share offer
      35 1 CITICORP is offering its 70.000 shareholders a chance to buy additional company shares at 2.5 per cent less than the price of its shares on the New York Stock Exchange Page 9
      35 words
    • Article, Illustration
      STOCK INDICES
      29 1 Thersday Change BT-MGA 91.86 -6.99 Kuala Lumpur ...602.24, -0.52 Tokyo 16.039.94 497.99 Hongkong 5.917.16 -93.28 Sydney 1.610.7. -3.5 Wuhuh? Chnge New York 3.277.61 -30.80 London 1,803.0 -28.0
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    • Article
      CURRENCIES
      19 1 Exchange rates US$ SS 1.6130 100 Yen SS 1.2751 MS SS 0.6449 Overnight 2-1/4 +3/16 3-month 2-3/16% unch
      19 words
    • Article
      COMMODITIES
      37 1 London CMd AM fix US$359.30 US$2.20 S'pore Aug... 143.25'/kg -0.25 M'sia Aug 221 '/kg unch KL Tin Turnover 44 tonnes -I Spot M$17.27/lcg +0.31 Crnfe palm 4 Turnover l,7471ots +665 Aug M$853 A on ik -7
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  • Article, Illustration
    Lock icon Miyazawa to hold emergency meeting
    226 1 Deep concern over faltering economy and stock market TOKYO Japanese Prime Minister Kiichi Miyazawa called yesterday for an emergency meeting to discuss the faltering stock market and economy just 48 hours before national elections. Political analysts said Mr Miyazawa made the last-min-ute decision to meet
    Source: Bridge Info  -  226 words
  • Article, Illustration
    Govt plans comprehensive environmental law
    554 1  -  New guidelines proposed for oil, chemical companies By Genevieve Cua SINGAPORE In keeping with its mission to transform Singapore into a model "green city" by the year 2000, the Environment Ministry is planning a new environmental law that will contain new guidelines for companies in
    554 words
  • Article
    Russian presence in Vietnam not a worry: defence attaches
    534 1  -  By Harish Mehta SINGAPORE A continued Russian presence in Vietnam is not a source of anxiety, say defence attaches based here. Responding to Wednesday's surprise statement by Russian Foreign Minister Andrei Kozyrev that Moscow would retain its military presence in Cam
    534 words
  • Article
    China responds to Asean on Spratlys
    198 1  -  Frtn Chuang Peck Ming in MANILA CHINA has issued a guarded response to the Asean foreign ministers' call for claimant nations to exercise restraint in the Spratlys dispute, viewed by the Asean officials as a potential flashpoint in the region. In a statement, China
    198 words
  • Article
    S'pore market takes a 12-point fall
    96 1 SINGAPORE The stock market posted a sharp decline yesterday with the Straits Times Industrials Index losing 12.25 points to dose at 1424.65 in moderate trading. Shares also closed lower in HK hat Tokyo stocks rebounded on news that the Japanese govt would be meeting
    96 words
  • Article, Illustration
    Ong Beng Seng sets his sights on Olympia & York properties
    493 1  - Ong Beng Seng sets his sights on Olympia York properties By Conrad Raj SINGAPORE Kuo International, the private arm of the family of local entrepreneur Ong Beng Seng, is eyeing several properties of financially-troubled Olympia and York Developments Ltd. "We haven't made any decision but everything depends on the price
    493 words
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      Page 1 Advertisements Column 1
      224 1 •Q2-38, Centeport (Tel: ******) 101-10 Liang Court (Tal: *****52) Galenes Lafayette Singapore aid selected retail ouMs Arcratt Schedule 31 KLS£ 23 Up* Tnotj 22 Commodrties 30 Money Changer Rates 31 Weather 31 Company News 4.6.8 Money Martet 29 World News 11 Cfypbc Crossword 31 Regional News 10 World Stock Markets
      224 words
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      11 1 Hock Lock Slew: Shangri-La time to break 'vow of silence', Pg4
      11 words
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      Page 1 Advertisements Column 3
      7 1 Editorial, Pg 12 More reports, Pg 3
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      Page 1 Advertisements Column 5
      19 1 IStolPw ITALY Soe Agent waR(WK>THERS SHOf TEL: 2M3 443 CBS TV chief in talks for Canary Wharf, Pg 8
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  • PAGE 2 NEWS
    • Article, Illustration
      Lock icon Suharto's relative to be named deputy army chief
      444 2 Promotion part of reorganisation at the top level Reuter JAKARTA President Suharto's brother-in-law is about to be promoted within the armed forces despite mounting public criticism of the military's powerful role in politics, military sources said. Wismoyo Arismunandar, former commander of the
      Reuter  -  444 words
    • Article, Illustration
      SDP's seat-sharing plan amounts to sham and fiction: Jeyaretnam
      431 2 SINGAPORE The Workers' Party has reservations about the Singapore Democratic Party's seat-sharing proposal for the by-elections because it amounts to sham and fiction, its secretary-gen-eral, J B Jeyaretnam, said yesterday. Refuting the criticism, SDP chief Chiam See Tong said last night
      431 words
    • Article
      STPB defends its occupancy rate figures
      340 2  -  No standard definition of hotel occupancy and average room rates By Hong Lee Tiam SINGAPORE Acknowledging a difference between the Singapore Tourist Promotion Board's average occupancy rate and those of individual hotels, the STPB assistant director of market planning has stoutly defended the veracity
      340 words
    • SINGAPORE ROUNDUP
      • Article
        June CPI unchanged as some items offset others
        60 2 THE Consumer Price Index was unchanged last month. Marginal increases in the price of clothing, transport and miscellaneous items were offset by lower food prices, while housing costs were the same as in May. Cheaper vegetables height food prices down 0.1 per
        60 words
      • Article
        More lots for heavy vehicles
        116 2 THE Urban Redevelopment Authority will release more land this year for heavy-vehicle parking, after a big response to two plots in Old Toh Tuck Road which it put up for tender. The URA said yesterday a total of 26 bids were received for the two
        116 words
      • Article
        Thirty-two bids for URA sites
        116 2 THE Urban Redevelopment Authority said yesterday it had received a total of 32 bids for two conservation sites at South Bridge Road and Tras Street. The first, at 277 and 279 South Bridge Road, has a site area of 253.3 sq m. It drew 13
        116 words
    • Article
      Going global — students hear it from the experts
      267 2  - Going global students hear it from the experts By Kenneth James SINGAPORE Cash-rich government-linked corporations (GLCs) can and should become more enterprising in going global, and one of the ways they can do this is by helping to create rich families. This was among several points made yesterday in a
      267 words
    • Article
      Continuous growth is Asean's main concern at Dialogue
      411 3  -  Asean Ministerial Meeting Reports from Chuang Peck Ming,Al O Labita Jr in MANILA ASEAN foreign ministers in talks with major trading partners today will seek to preserve conditions that have sustained the region's fastpaced economic growth. Kamil Jaafar, secretary general of the
      411 words
    • Article
      Myanmar may be given observer status at next year's meeting
      224 3 THE Philippines has indicated to Japan that Myanmar may be granted observer status at next year's Asean Ministerial Meeting if the situation in that country improves, according to a Japanese spokesman. In the bilateral talks yesterday between Philippine Foreign Secretary
      224 words
    • Article, Illustration
      Not quite on the ball
      28 3 PHILIPPINE President Fidel Ramos mildly disappointed after missing the first hole during a round of golf with Asean foreign ministers in Manila yesterday.
      28 words
    • Article
      Tank storage operators head for stiff competition
      431 3  -  Expansion projects coming on-stream in mid-1990s By Lilian Ang SINGAPORE Competition between tank storage operators in Singapore will rise sharply in the mid-1990s when expansion projects in the pipeline come on-stream, creating what could be a glut. Oil industry observers say over-supply can
      431 words
    • Article
      S'pore not affected by ANA's plan to cut overseas flights
      320 3  -  By Dexter Lee SINGAPORE All Nippon Airways' service to Singapore will not be affected by the carrier's plan to cut back on international flights in the wake of the economic slowdown in Japan. A Singapore-based ANA spokesman told BT yesterday
      320 words
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      Page 2 Advertisements Column 1
      294 2 1 THE HIGHEST HONOURS ACCORDED TO BUSINESS ACHIEVERS C*maaporo BusinessDmesJp* Cast your nominations for this years potential winners Byfaess Times, Singapore's only business newspa- NOMINATE NOW per, and DHL Worldwide Express, a leading inter- if you know of an indivkkial or company that deserves national air express company, first started
      294 words
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      Page 3 Advertisements Column 1
      189 3 a3pjBpj|p HI ftif J?! 3f| ;^g L I I I J _'l B i k Jyjilll^H 'He surveyed the Saporiti in dead v gggrOfffflM24-28ONI Mr. Tan expects things done fast and perfect. So my reputation as an MA/ WCMHOT flit All MB|l&|T| DSNS interior designer was at stake waiting for
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        New Straits Times net earnings rise by 11.6pc
        57 4 SINGAPORE New Straits Times said net earnings in the first half ended May 31 rose 11.6 per cent to M 543.94 million (5528.12 million) from a year earlier. Turnover grew 16 per cent to M 5274.99 million and pre-tax profit increased nearly
        57 words
      • Article
        Sistem TV M'sia earnings surge
        63 4 SINGAPORE Sistem Televisyen Malaysia's interim net earnings surged 32 per cent to M$ 16.71 million (S$ 10.69 million), from a year earlier, on the back of a 10 per cent rise in turnover to M$ 102.29 million. Pre-tax profit in the first half ended May
        63 words
      • Article
        Hiap Moh profit jumps 49pc
        51 4 SINGAPORE Paper maker Hiap Moh Corporation's interim group after-tax profit jumped 49 per cent to $1.2 million from the year earlier period. First half turnover improved 3.9 per cent to $22.4 million. Interim group earnings per share also rose to 5.2 cents from 3.5 cents
        51 words
      • Article
        Sime S'pore appoints director
        23 4 SINGAPORE Sime Singapore Ltd has appointed Rachmat Saleh. a former governor of Bank of Indonesia, as a non-executive director.
        23 words
      • Article
        Uniphoenix Corp's stake
        53 4 KUALA LUMPUR Uniphoenix Corporation Bhd's proposed acquisition of an 80 per cent stake in Halim Securi- ties Sdn Bhd has been approved by the Capital Issues J Committee. The company said that the proposed acquisik. tion. comprising 16 million ordinary shares of Msl (550.64) each, will cost
        53 words
      • Article
        Corrections & clarifications
        107 4 Corrections clarifications IN yesterday's BT report Intraco sells office space back to j NOL for $29m, it was said that the sale involved three floors. This is incorrect. It should have been four floors. We are sorry for the error. IN BT's July 21 report Big names battle for giant
        107 words
    • Article
      KLSE suspends trading of Kesang pending inquiry
      322 4  -  By Shoeb Kagda SINGAPORE The Kuala Lumpur Stock Exchange (KLSE) suspended trading of Kesang Corporation shares on Monday, pending investigations into the company's issue of 32.7 million new shares last September. The company had issued the new shares, priced at Msl.lo each, to
      322 words
    • Article
      Lock icon S'pore, Thai stocks offer best value: Barings
      221 4 Knight Ridder HONGKONG Stock markets in Singapore and Thailand offer the best share values in the Far East, and Australia should rally in the second half of this year, says Baring Securities. The brokerage's quarterly report on Pacific Rim stock markets also says
      Knight Ridder  -  221 words
    • Article
      First-half earnings at M'sia's Public Bank up 23pc
      312 4 SINGAPORE Malaysia's Public Bank Bhd has chalked up group net earnings of M 563.91 million (5540.9 million) for the first half up nearly 23 per cent over the same period last year. The bank, which was a favourite on the stock market
      312 words
    • Article
      Yaohan signs deal to run Indon retail venture
      373 4  -  Move may benefit International Merchandise Mart By Sylvia Wong SINGAPORE Indonesian businessman Teddy Rachmat has signed the Yaohan International Group to run his maiden retail venture in Jakarta, a deal that could revive business at the Japanese retailer's International Merchandise Mart (IMM)
      373 words
    • Article, Illustration
      Keppel Integrated Engineering share offer attracts 58,000 aplications
      432 4  -  By Rahita Elias SINGAPORE Keppel Integrated Engineering (KIE) said yesterday it had received 58,000 applications for shares in its public offer, which closed on Wednesday. Keppel Corp chairman Sim Kee Boon said: "We are delighted that we had such a response, particularly
      432 words
    • Article
      SML wins two Indon contracts worth $42.5m
      187 4 SINGAPORE Sembawang Maritime Ltd (SML) has secured two contracts worth a total of $42.5 million in Indonesia, marking its first major thrust into the oil and gas industry there. The first contract, worth $10 million, was from general contracting firm PT Wigo while
      187 words
    • Article
      Shangri-La: time to break 'vow of silence' on overseas investments
      574 4  -  THE HOCK LOCK SIEW COLUMN By 1 Lee Han Shih SINGAPORE Many locally-listed companies talk about investing overseas but do little about it. Shangri-La Hotel is different it has been enthusiastically pumping money out of Singapore but almost never speaks
      574 words
    • COMPANY BRIEFS
      • Article
        Two new 'B' shares listed in Shanghai
        69 6 BEIJING Two more Chinese shares directed at foreign buyers ("B" shares) were listed on Wednesday on the Shanghai Stock Exchange and edged up in value in moderate trading. These bring to four the number of "B" shares traded on the exchange, the China
        69 words
      • Article
        Indon firm to issue US$40m bonds
        65 6 JAKARTA East-Java based pulp and paper producer PT Tjiwi Kimia. is to offer convertible bonds worth US$4O million (5564.4 million) in Hongkong, the United States and Europe, the Jakarta Post daily said yesterday. The bonds would mature in 1997 and investors would have an
        65 words
      • Article, Illustration
        Fairfax sees profit, growth ahead
        140 6 SYDNEY Newspaper publisher John Fairfax Holdings Ltd is strongly placed to benefit from an upturn in the Australian economy and better profitability ahead, chairman Sir Zelman Cowen said. Fairfax, which owns among other publications The Sydney Morning Herald and The Australian Financial Review, reported a
        140 words
      • Article
        Japanese firms to mine coal in US
        93 6 TOKYO Sumitomo Corp and Mitsui Mining Co have agreed to jointly mine a coal field in the United States with two American firms, depending on the results of a review of a feasibility study, a spokesman for Sumitomo, a major trading company, said
        93 words
    • Article, Illustration
      Lock icon Big Taiwan broker to close as market slumps
      466 6 Reuter TAIPEI One of Taiwan's biggest brokerages, hit by a severe stock market slump which threatens to put scores of firms out of business, said yesterday that it would close down. Evergreen Securities, a unit of the Evergreen Shipping Group, the world's
      Reuter  -  466 words
    • Article
      Lock icon Thai Airways ends first day trading at small premium
      327 6 Reuter BANGKOK Thai Airways International Ltd ended its first day of trade on the stock market yesterday at only a small premium to its 60 baht ($3 JO) offer price because analysts were sceptical about the state-controlled carrier's earnings prospects. It
      Reuter  -  327 words
    • Article, Illustration
      Lock icon HK firms raise record HK$35b in new capital
      424 6 South China Morning Post tfQfJQKONG A flood of noncy from foreign institutions seeking direct substantia! ;hoMmgs in Hongkonglisted companies has triggered an explosion in the level of placements on the stock market, boosting new corporate capital raising to a record HK534.76 billion
      South China Morning Post; Source: S G Warburg Securities  -  424 words
    • Article
      Lock icon New World and Shun Tak plan developments in China
      311 6 Reuter HONGKONG New World Development Co Ltd and Shun Tak Holdings Ltd have separate plans to build commercial and residential complexes in China's northern port city of Tianjin. New World will build mainly residential units with commercial facilities in a several
      Reuter  -  311 words
    • Article
      Lock icon Analysts lower forecasts for NZ's Fletcher
      516 6 Canadian arm reports half-yearly loss Reuter WELLINGTON The release of a half-yearly loss for the Canadian arm of Fletcher Challenge Ltd has reinforced analysts' decisions to downgrade their profit forecasts for the New Zealand-based company. FCL's global forestry and petroleum operations have been particularly
      Reuter  -  516 words
    • COMPANY BRIEFS
      • Article
        Rothmans shares plunge as CEO quits
        79 8 SYDNEY Beleagured tobacco group Rothmans was hammered by investors here on Wednesday as its share price plunged on news that its chief executive had resigned. The share market responded to the sudden departure of Ron Weekes by selling it down 20 Australian cents, bringing
        79 words
      • Article
        Turner in Moscow tie-up
        58 8 NEW YORK Turner Broadcasting System (TBS), the US cable television group that owns CNN, is forming a joint venture in Russia to seek what it claims will be the first independent television station in Moscow. A memorandum of understanding has been signed by TBS and the
        58 words
      • Article
        Anheuser-Busch's slowdown
        66 8 DETROIT Anheuser-Busch Companies Inc said 1992 beer sales are not likely to reach a goal of 2 per cent volume growth over 1991 due to the sluggish economy. AnheuserBusch executive vice-president Jerry Ritter said in an interview that in the second half of 1992, the world's largest brewer
        66 words
      • Article
        US steel company's earnings up
        51 8 PITTSBURGH National Steel Corp, the US' fourth-larg-est steel company, on Wednesday said second-quarter earnings were US$4.5 million (557.42 million), up from a loss of U5536.9 million in the second quarter of 1991. Revenue for the period rose to U*****.3 million from U*****.5 million a year
        51 words
      • Article
        Intel delays new chip's debut
        72 8 NEW YORK Intel Corp, the leading maker of microprocessor chips, said on Wednesday it would delay the introduction of its next-generation microprocessor by a few months. Intel said the delay will allow it to improve the manufacturing process for the chip, code-named the P5. It
        72 words
      • Article
        British Coal posts record profit
        72 8 LONDON British Coal yesterday reported an overall profit of £170 million (Ssslo million) for the year ending March 1992, the biggest since the company was nationalised in 1947. The record profit was sharply higher than last year's figure of £78 million, British Coal's first profit
        72 words
      • Article
        Euro Disney expects loss
        70 8 MARNE-LA-VALLEE, France Euro Disney SCA said yesterday that it expects to report a net loss in the fiscal year ending Sept 30, although the size of the loss depends on the level of attendance the rest of the summer. Euro Disney, operators of the theme park
        70 words
    • Article, Illustration
      Lock icon CBS TV chief in talks for Canary Wharf
      499 8 FT LONDON Larry Tisch, the billionaire US chairman of the CBS television network, has had talks with Paul Reichmann about making a joint rescue bid for Canary Wharf, the financially troubled east London property development. Financiers with a close knowledge of both
      FT  -  499 words
    • Article
      Lock icon Microsoft revenues surge amid rivals' complaints over competition
      397 8 Reuter SEATTLE Microsoft Corp has rumbled past its smaller software rivals who had complained that intense competition had spoiled earnings, posting another quarter and year of record revenues and earnings. Microsoft revenues surged US$9l5 million (551.47 million) to US$2.B billion and earnings
      Reuter  -  397 words
    • Article
      Lock icon US merger activity up sharply in second quarter: Merrill Lynch
      404 8 Reuter SCHAUMBURG, Illinois US merger and acquisition activity surged in the second quarter, compared with the year-earlier period, a division of brokerage Merrill Lynch Co said this week. Merrill Lynch Business Brokerage and Valuation said there were 716 announced mergers
      Reuter  -  404 words
    • Article
      Lock icon GE pleads guilty to defrauding US, Israeli govts
      299 8 AP CINCINNATI General Electric Co pleaded guilty on Wednesday to criminal charges of defrauding the Pentagon and the Israeli Defence Ministry, and agreed to pay US$69 million (Ssl 13.85 million) in a settlement. The company was accused of filing false claims totalling
      AP  -  299 words
    • Article, Illustration
      Lock icon EC clears Nestle takeover of Perrier but sets tough conditions
      462 8 Reuter BRUSSELS The European Commission on Wednesday approved the takeover of French water-to-cheese firm Perrier SA by Swiss food giant Nestle SA, but set a string of tough conditions on the deal. Chief among these is that Nestle must sell
      Reuter  -  462 words
    • Article
      Lock icon Hoesch retracts announcement of 40pc rise in earnings
      446 8 Initial upbeat figures surprise industry analysts Reuter BONN German steel and engineering group Hoesch AG, set to merge next week with Fried Krupp AG, reported a surprising jump in earnings on Wednesday, then puzzled industry analysts with a swift retraction. After initially
      Reuter  -  446 words
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      186 4 l\, IN THEMAMgmSESite Thai Airways' dull debut 25 Shanghai slips again 25 at GLAMOURETTE 300 ORCHARD ROAD #02-02 THE PROMENADE SINGAPORE £xteniive itCtction of tewing tetax featuxiny (Ijvti Saint lauxtnt rive gauche "TN/i .tt A lm.CAm.rt n2 mCo '17axCazxI o rxlua. (2 (ion y *=AA on It. Q/mtAl an A
      186 words
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      385 5 If you're not using an HP LaserJet printer, your software could play tricks on you. All leading software is written with HP performance of the HP LaserJet printers, are told, all of the time LaserJet printers in mind. This ensures other printers have an unfortunate that the computer and the
      385 words
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      111 words
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      161 7 T1 J »I 0 "tf •«o "Ml •> A Volvo says you have an astute i I mind for business. <4 0 It says you value your main assets, your people and your investments. j It immediately says your company S is a major player. Volvos impeccable reputation for If
      161 words
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      149 words
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      Page 8 Advertisements Column 2
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      163 words
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  • FINANCIAL NEWS
    • Article
      Lock icon Citicorp offering stock deal to shareholders
      442 9 Shares being offered at 2.5 pc below price of counter traded on NYSE NYT !NEW YORK Citicorp, in an effort to strengthen its financial condition more quickly than its own profits will allow, is offering its 70,000 shareholders a chance buy additional company -•hares
      NYT  -  442 words
    • Article
      Lock icon Thai Military Bank to double capital to $448m
      235 9 AFP BANGKOK The Thai Military' Bank has announced plans to double its capital to seven billion baht (Ss44B million), bank officials said yesterday. The capital increase is to take place next year, they said. The bank, one of Thailand's largest, is 30
      AFP  -  235 words
    • Article
      Lock icon Taipei blocks domestic sale of Chinese securities
      255 9 Reuter TAIPEI The Taiwan government, enforcing restrictions on Taiwanese investment in China's equity markets, has blocked plans by a local securities consulting company to market shares in a Chinese trust fund. Taiwan's Hsin Hsin Securities Investment and Consulting Co Ltd had planned to
      Reuter  -  255 words
    • Article
      Lock icon Tokyo invites more foreign issuers
      412 9 But bid to raise cash outflow with Samurai bonds unlikely to succeed Reuter TOKYO The government's attempt to encourage Japanese capital outflows by inviting more foreign bond issuers to Japan is unlikely to succeed, said analysts and portfolio managers yesterday. The Ministry of Finance (MOF)
      Reuter  -  412 words
    • Article, Illustration
      Lock icon Japanese banks to use perpetual FRNs in search for new capital
      469 9 NYT TOKYO Japanese banks are set to re-open a dormant sector of the international bond market in their urgent search for new sources of capital. The Japanese Ministry of Finance has relaxed regulations allowing banks to issue perpetual subordinated
      NYT; Source: IBCA  -  469 words
    • SMALL CHANGE
      • Article
        ANZ Bank to cut NZ staff by 5.4pc
        70 9 WELLINGTON ANZ Banking Group Ltd, a unit of Australian and New Zealand Banking Group Ltd, has announced a major restructuring in New Zealand which will see staff cut by more than 5.4 per cent. Some 228 full-time jobs would be lost and
        70 words
      • Article
        Saudis eye Philippine Islamic bank
        68 9 MANILA A group of Saudi Arabian investors is willing to buy 40 per cent of the Al-Amanah Islamic Investment Bank, the Philippines' only Muslim bank, bank spokesmen said here yesterday. The Dallah Al-Baraka group of companies had expressed interest in acquiring a 40 per cent
        68 words
      • Article
        Spain may raise interest rate
        94 9 MADRID The Bank of Spain may increase its key interest rate, the intervention rate, at yesterday's tender of certificates of deposit to add monetary muscle to a tough package of fiscal restrictions announced by the government on Tuesday. The central bank intervened on Wednesday to
        94 words
      • Article
        US$35m spent to recover US$80m
        66 9 ABU DHABI The Arab Monetary Fund has spent US$35 million and could lose more to recover around US$BO million embezzled by its former Iraqi chief, Arab judicial sources said on Wednesday. They said the Abu Dhabi-based AMF, which groups all Arab nations except Djibouti, spent
        66 words
      • Article, Illustration
        Indian scam involves larger amount
        124 9 NEW DELHI The amount of money involved in India's massive bank scam may be closer to US$l.7 billion (552.7 billion) rather than the US$l.2 billion officially reported, a newspaper said yesterday quoting investigators. The Pioneer newspaper quoted Central Bureau of Investigation sources as saying they
        124 words
  • Page 9 Advertisements
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      28 9 Flrehouse sale (if CLUSIVE ORIENTAL CARPETS 60-B MARTIN ROAD #09-05/07 CENTRAL MERCHANDISE AND |||gajgj DISTRIBUTION CENTRE SINGAPORE 0923 UP TO 50% OFF |I|| ROM 24th 29th JUL 92
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      53 9 lIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHIIIIIIIIIIIIIII rhts atiniiUTHrmrnl fis a maltrr of rrnird only. w OVERSEAS UNION BANK LIMITED (Incorporated in the Kt-pul»li< of Singapore) Private placement of 31 million new ordinary shares *****,160,000 I sadplacement agents S.G.Warburg Securities The Bank of East Asia, (Singapore) Pte. Ltd. Limited Co-placement agent Jar dine Fleming International Ltd.
      53 words
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  • THE REGION
    • NOTE BOOK
      • Article
        Thailand, Vietnam to sign investment accord
        51 10 BANGKOK The Thai Cabinet has allowed Thailand's Board of Investment to sign an investment cooperation agreement with Vietnam's State Committee for Cooperation and Investment. The two-year agreement was to allow an exchange of investment information between Thailand and Vietnam, said the government spokesman's office
        51 words
      • Article
        HK leads way in property boom
        59 10 HONGKONG Hongkong investors are spearheading the booming property market in China's southern city of Guangzhou. Since June last year, nearly 200 overseas investment firms, led by businesses from Hongkong, had signed some 130 contracts worth nearly US$2OO million (***** million) for property development in
        59 words
      • Article
        NZ posts NZ$421m surplus
        45 10 WELLINGTON New Zealand's merchandise trade surplus for June widened to NZ$42l million (Ss37o million) from NZ5364.2 million in June last year. Exports in the month rose 26.4 per cent to NZ$l.73 billion, while imports rose 30.2 per cent to NZ$l.3l billion.
        45 words
      • Article
        Bangkok budget at US$480m
        43 10 BANGKOK The budget of the Bangkok Metropolitan Administration is expected to be US$4BO million (***** million) for fiscal 1993, the state-owned Thai News Agency reported yesterday. The budget passed its first reading on Wednesday before the Bangkok City Assembly.
        43 words
      • Article
        Independent Viet candidates lose
        54 10 HANOI Both independent candidates running in Vietnam's national assembly election have lost, the assembly foreign relations office said yesterday. Tran Van Minh, director of a state import-export company, and Dinh Tan Phuoc, deputy head of a primary school in Quang Ngai, lost to candidates backed by
        54 words
    • Article
      Lock icon Rating agency fever catching on in Asia
      451 10 Credit ratings boost investor confidence, ensure orderliness in capital markets AFP KUALA LUMPUR As competition for foreign investment intensifies, more countries in Asia are providing credit ratings to boost investor confidence and ensure orderliness in capital markets. Independent credit-rating agencies of these countries
      AFP  -  451 words
    • Article
      Lock icon Indonesia needs 5pc annual growth: Sumarlin
      349 10 Reuter JAKARTA Indonesia's economy has to grow at a minimum 5 per cent a year to cope with the number of new job seekers coming on to the market, Finance Minister Sumarlin said yesterday. The government estimates the economy has to create more than
      Reuter  -  349 words
    • Article
      Lock icon Sihanouk fails to convince Khmer Rouge
      250 10 AFP, Knight-Ridder, Reuter PHNOM PENH Cambodian head of state Prince Norodom Sihanouk said yesterday that he has failed to convince the radical Khmer Rouge faction to rejoin the United Nations peace process. "I have no power," he told a meeting of the Supreme Nation
      AFP,; Knight-Ridder,; Reuter  -  250 words
    • Article
      Lock icon Manila unveils higher GNP, export targets
      351 10 Reuter MANILA The Philippines, whose economic growth has been stunted by reduced spending and a host of natural disasters, wants an annual growth rate of 10 per cent, export expansion rate of 15 per cent and a higher per capita income. The government wants
      Reuter  -  351 words
    • Article, Illustration
      Coined way before their time
      45 10 Curious coinage: coins minted in 1942 (2602, by the Japanese calendar) by the Osaka Mint during the Japanese Occupation of then Malaya, on display in Kuala Lumpur on Wednesday at Bank Negara's Money Museum. (Malaysia was formed only in 1963.)
      45 words
    • Article
      Lock icon Patchy recovery Down Under
      365 10 Dawkins says I.spc GDP growth reflects stronger consumer spending AFP SYDNEY Economic recovery is under way in Australia. but it is weaker than expected and geographically patchy. Treasurer John Dawkins said yesterday. Growth in gross domestic product (GDP) of 1.5 per cent in the first three
      AFP  -  365 words
    • Article
      Lock icon US House bid to curb Chinese trade leaves Hongkong wary
      526 10 Uncertainty over final outcome of MFN saga Knight-Ridder HONGKONG Moves by the US House of Representatives on Wednesday to place conditions on China's most favoured nation trade status is worrying for Hongkong, say analysts. But, they add, the final outcome
      Knight-Ridder  -  526 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      306 10 BUSINESS T 1 M fc a Toll free Tel No 737 0043 Fax No: 734 3688 METRO METRO IS SINGAPORE DIVISION DIRECTORS Retail Operations Advertising Promotions M etro (Private) Limited, one of I The Director of Advertising and I Singapore's leading retail companies and Promotions manages all aspects of marketing
      306 words
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  • THE WORLD
    • Article
      Lock icon UK Cabinet tightens control on state spending
      440 11 Rises in expenditure will be linked to economic growth FT LONDON The British Cabinet on Wednesday agreed on a tough new policy which is intended to tighten control of public spending and which will almost certainly mean significant cuts in some departmental programmes
      FT  -  440 words
    • Article, Illustration
      Lock icon Economy threatening to overheat, warn Chinese economists
      440 11 Reuter BEIJING Chinese economists have warned that unbridled growth could overheat the national economy and cause high inflation, leading to the need for a new austerity programme. The official China Daily newspaper on Wednesday quoted a government researcher warning that a reform drive
      Reuter  -  440 words
    • Article
      Lock icon Germany protests against US foreign tax proposal
      318 11 Reuter WASHINGTON Top German officials on Wednesday denounced a proposed US tax measure that would affect foreign companies and said Bonn would retaliate if the legislation was passed. A delegation of German legislators, Finance Ministry officials and industry experts travelled here to express
      Reuter  -  318 words
    • WORLD WATCH
      • Article
        Foreign investment in Shenzhen up 161pc
        61 11 HONGKONG China's Shenzhen special economic zone received US$l.25 billion (552.01 billion) in foreign investment in the first half of 1992, an increase of 161 per cent over the same period last year. The official China Daily newspaper said 110 overseas companies invested in the
        61 words
      • Article
        US increases pressure on Baghdad
        58 11 WASHINGTON The US stepped up pressure on Iraq on Wednesday by warning that it could not rule out the use of military force if Baghdad continued to defy a team of United Nations weapons inspectors. White House spokesman Marlin Fitzwater said the US was "increasingly
        58 words
      • Article
        Indictments in Seoul land swindle
        56 11 SEOUL Prosecutors yesterday said nine people would be indicted in a US$B4 million (S$ 135 million) land swindle that opposition legislators charge was masterminded by the ruling party. Rumours of involvement by politicians in the bogus sale of a military site south of Seoul have
        56 words
      • Article
        Bright spots in Japanese economy
        47 11 TOKYO Japanese Finance Minister Tsutomu Hata yesterday said he saw some bright spots in the Japanese economy, but added that the government was ready to take more action if necessary. Mr Hata was speaking at a convention of second-tier Japanese regional banks.
        47 words
      • Article
        Big drop in Canada's retail sales
        58 11 TORONTO Canadian retailers posted the year's largest sales drop in May, according to government figures, as high unemployment and heavy Canadian taxes stifle consumer confidence and dampen economic recovery. Canadian retail sales fell 0.7 per cent in May to a seasonally-adjusted C 515.1 billion
        58 words
    • Article
      Lock icon Think-tank revises South Korea's 1992 economic growth forecast to 7.4pc
      344 11 Reuter SEOUL South Korea's 1992 economic growth is expected to slow to a real 7.4 per cent from a predicted 7.5 per cent and 8.4 per cent the previous year, the Korea Development Institute (KDI) government think-tank said. The KDI
      Reuter  -  344 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      67 11 CARPET AUCTION 100 carpets and rugs from Persia, Pakistan and Afghanistan. All carpets are backed by a full trade-in guarantee at our showroom. sw* 24A/26 Lorong Mambong (Holland Village Back Area) Singapore 1027 Tel: *****28 w 8 Legendary" Discover a menu that's quite extraordinary. A 3-course Business Lunch at $32++
      67 words
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      Page 11 Advertisements Column 2
      305 11 Hamilton Islands Australia's best International Island Resort part of the world famous Great Barrier Reef. For sale substantially below replacement cost. rOflgH LOS ANGELf SW> SAN FRANCSOTK CM A McCMn TkV >t %J H*wiii ~^w \nmttfcf M M M M M Vl\/ (SLANO 1 Over the next decade, tourism is
      305 words
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  • Article
    Russia's Pacific dreams
    487 12 EDITORIAL RUSSIA'S foreign minister Andrei Kozyrev dropped a diplomatic clanger on Wednesday at the Asean summit in Manila when he said that Russia wants to retain its military presence in Vietnam's Cam Ranh Bay. The Russian volte-face came as a huge surprise because cash-strapped Moscow had all
    487 words
  • WHAT THE OTHERS SAY
    • Article
      To replicate good schools
      284 12 AFTER independent schools, autonomous schools. At first blush Prime Minister Goh Chok Tongs announcement, at the dedication of the new Raffles Institution last week, of this newest approach in the truest for quality learning would seem to meet, on two counts, the fondest wishes of Singaporean
      284 words
    • Article
      Kidney donation
      113 12 THE Singapore Islamic Religious Council has made it succinctly clear about its decree or fatwa regarding kidney transplant. It is permissible to save lives and can be extended even to non-Muslim for humanitarian sake. However, some quarters within the Muslim community remain sceptical or against such a fatwa.
      113 words
    • Article
      Removing doubts
      119 12 IN the series of speeches made by China's Foreign Minister Qian Qichen during his trip to South-east Asia, some points are particularly worth noting. Firstly, China values a friendly cooperative relationship with Asean countries and hopes to develop it further. Secondly, China has no intentions to fill the
      119 words
  • REGIONAL VIEWPOINTS
    • Article
      Politics and justice
      170 12 JUSTICE in China has once again been tried and will be found wanting in the eye of the world. Bao Tong. senior aide to the disgraced Communist Party General-Secretary Zhao Zivang and the highestranking official to be tried in connection with the 1989 democracy movement, was yesterday
      170 words
    • Article
      Survival of the fittest
      157 12 EX-HOUSE Speaker Arthit Urairat's belated takeover of Prachachon Thai, a new party whose registration was just recently approved, will make little difference to the current political scene. The breakthrough is too late to do Arthit or his new party any good. His followers have dwindled to
      157 words
    • Article
      Two-tier rating system
      180 12 TAKING into consideration the past performance (or lack of it) of many Non-Financial Public Enterprises (NFPEs), it is likely that they may face initial difficulty in being acceptable to the market. Thus, they will have to undertake a review of their financial structure which will include an
      180 words
  • Article, Illustration
    Lock icon No women please, we're British
    1011 12  -  Steven Prokesch examines the arguments for and against the admission of women into England's gentlemen's clubs Steven Prokesch NYT UA VERY unclubbable man" was how Samuel jL. JL Johnson disparaged Sir John Hawkins, his friend, editor and biographer, for lacking social graces. Women are finding
    NYT  -  1,011 words
  • Page 12 Advertisements
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      52 12 DOONESBURY garry trudeau LOOK, &VB&- y, /i [~T IPtPtfTF££L 600P Mil, SiD, THATS X% BOW, I'M <y\/ ABOUT ■n€PWFfTWZna- AN NTB*eSTIN6 MM- ieom v y POUBNG MY rf/ PAWN ON TH£ m-STAKKAI, \N\ QUCSTION. LCVSPUT £Zjy 1 \V OUT H&e.r*//} XI H&eP! UHAVS f nK> THE 6KXJP... j> M OUT
      52 words
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  • ANALYSIS
    • Article
      Lock icon Damned if you do, damned if you don't
      767 13  -  Leslie Gelb analyses the quandary US President George Bush faces over Iraq's blatant disregard for UN sanctions Leslie Gelb The writer if a New York Times columnist NYT SADDAM Hussein's defiance of United Nations inspection rights in Iraq has put George Bush
      NYT  -  767 words
    • Article, Illustration
      A deep-rooted problem
      957 13  -  Thailand is taking steps to curb the power of the country's high-ranking military officers. But will it work? Andrew Cooke reports from Bangkok Andrew Cooke The writer is a Bangkok-based journalist who contributes to BT THE THAI Cabinet's decision to curtail the power of top military officers
      957 words
    • Article
      Lock icon Fighting for a piece of the pie
      637 13  -  Swift, or the Society for Worldwide Interbank Financial Telecommunication, will face tougher competition in the global settlements and payments business, wntes Tim Farran Tim Farran Reuter COMPETITION for the lucrative business of handling global settlement and payments is mounting as telephone companies, banks
      Reuter  -  637 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      34 13 Ermenegildo Zegna's The V F a trousers ■Im Pi I Performance suit is virtually y easy fitting. Ermenegildo K ft I K 1;' L^V m Q^H t^m Ermenegildo Zegna Atria, «02-21 to Singapore 0923.
      34 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      41 14 -Tii A 3. W i? f. I Jk. 1 jii i P a M 1,„p f *^jjt *~-;V §S? y^MF'l i OROUPC ceT THSRI FASTER ON A UTA NON-STOP FLIGHT. EVERY HONDAY, TUESDAY. FRIDAY AND SATURDAY. ll BIII —IIIBI— -I 1
      41 words
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  • SPORTS
    • Article, Illustration
      Lock icon Indurain looks unassailable
      370 15 Tour de France AP MONTLUCON, France Jean-Claude Colotti of France won his first stage in a Tour de France on Wednesday, but Spain's Miguel Indurain looked increasingly unassailable as he held on to his overall lead in the gruelling road race. Colotti, 31, and two others took
      AP  -  370 words
    • Article, Illustration
      Lock icon Ruddock-Lewis winner will get chance at heavyweight title
      487 15 Reuter NEW YORK The stakes will be especially high when Donovan "Razor" Ruddock takes on Lennox Lewis in London on Oct 31 the winner has been assured of a shot at the world heavyweight title. "The winner will be guaranteed a shot
      Reuter  -  487 words
    • Article
      Lock icon The twists and turns of gymnastics
      687 15 NYT NEW YORK The sport that brought you those darlings of Communism, Olga Korbut and Nadia Comaneci, also produces complicated competition and scoring formats that make it virtually impossible to know precisely who the next darling is liable to be. For the men through
      NYT  -  687 words
    • Article
      Lock icon US women face tough course
      335 15 AP OAKMONT, Pennsylvania Is Nancy Lopez praying for rain to slow and soften the hard, fast greens of Oakmont for the US Women's Open? "You bet," she said on Wednesday. "Rain will make it play longer, but it'll make it play easier." The weatherman says
      AP  -  335 words
    • SIDE LINES
      • Article, Illustration
        Becker in for some grilling at Olympics
        152 15 BARCELONA Boris Becker (bdow) will have to explain attacks on Berlin's ambition to stage the Olympic Games in the year 2000 when he arrives in Barcelona. "We will have a private meeting," said German Olympic chef de mission Ulrich FeldhofT on Wednesday. "He
        152 words
      • Article
        Auriol takes the lead
        74 15 TUCUMAN, Argentina France's Didicr Auriol, driving a Lancia, took the first leg of the 1.890-km Argentine motor rally on Wednesday, building up a five-second lead over Spain's Carlos Sainz's Toyota. Auriol, winner of three World Championship rallies this year, took four of the first leg's five
        74 words
      • Article
        Perez knocks out Courier
        85 15 KITZBUEHEL, Austria Diego Perez of Uruguay stunned top-seeded American Jim Courier on Wednesday, ousting him in an early round of the Philips Head Cup clay-court tennis tournament. The 30-year-old Perez, who has not won an Association of Tennis Professionals tournament since 1985 in France, struggled in
        85 words
      • Article
        Agassi, McEnroe through
        87 15 TORONTO Second-seeded Andre Agassi needed one hour and 14 minutes to defeat left-hander Canadian Greg Rusedski 6-4, 6-1 on Wednesday at the Player's Ltd International men's tennis championships. In another match, fifth-seeded John McEnroe beat countryman Jonathan Stark 6-0, 6-2 for a quarter-final berth. "It would be
        87 words
      • Article
        Emergency move
        83 15 ORLANDO, Florida In an emergency measure to protect its thoroughbred race horses, Florida has closed its borders to New England horses that might be carrying a highly contagious virus. Officials said on Wednesday that the virus, known as equine viral arteritis, has been discovered at three New England
        83 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      176 15 BUS 1 NESS T 1 M E S To* trmm Tmt Ho 737 0043 Fax Ho: 734-MM Appointment is open for a DRY CARGO OPERATIONS ASSISTANT 1/ Tha Company: A highly efficient organization operating a fleet of time chartered dry cargo vessels Tha Candidate: Preferably an experienced shipbroker who is
      176 words
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      Page 15 Advertisements Column 2
      32 15 BUSINESS TIMES Toll-Ireo TBI No: 737-0043-Fax No: 734-3600 QNE QFWE nK^JiS FAX ANDREW GRZESINSKI FOR DETAILS ON EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... of Notice*, 737-0043 [rhm Strait* Tl«m 1
      32 words
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      Page 15 Advertisements Column 3
      296 15 IN THE MATTER OF THE COMPANIES ACT, CAP SO AND IN THE MATTER OF KITCHENLINE MARKETING PTE LTD (IN MEMBERS' VOLUNTARY WINDING-UP) Ai an Extraordinary General Meeting of KITCHENLINE MARKETING PTE LTD duly convened and held at 63 Robinson Road #04-05 Afro Asia Building Singapore 0106 on 21 July 1992
      296 words
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      Page 15 Advertisements Column 4
      319 15 IN THE MATTER OF THE COMPANIES ACT, CAP. 5» AND IN THE MATTES OF I COOROINATI PTE LTD (Incorporated In the Republic of Singapore) At an Extraordinary General Meeting of the members of I Coordinati Pte Ltd duly convened and held at No. 2 Bale slier Road #03-641 Balestier Hill
      319 words
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  • FOCUS
    • Article, Illustration
      Lock icon Will Bush's negative campaign tactics backfire?
      1008 16  -  Andrew Rosenthal discusses what the Republicans are doing to paint Bill Clinton and the Democrats in an unattractive hue Andrew Rosenthal NYT PRESIDENT George Bush has wasted no time attacking the Democratic nominee, accusing Governor Bill Clinton this week of peddling birth control pills
      NYT  -  1,008 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      187 16 FLY TO pj U v/ d 1 |MKp» -i»jl* TIMES A WEEK. S i 3 v S ii M M rte iitagWnWfl] Fly with Emirates non-stop to Dubai on Tuesday, Thursday or Sunday. Or fly direct with a brief stopover in Colombo on Monday, Wednesday or Friday. All our flights
      187 words
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  • LIFESTYLE 1
    • Article, Illustration
      In the name of progress
      749 17  -  A current exhibition displays the darker side of man s attitude towards animals, reports Nirmal Ghosh Nirmal Ghosh Sussex-born Maijorie Doggett has been in Singapore for 45 years and is now a citizen of the Republic. Gose to 70, her abiding passion is animal welfare
      749 words
    • Article, Illustration
      Danish policewoman hurt in Jackson melee
      220 17 CHATTERBOX A POLICE officer's foot was crushed when a car from Michael Jackson's motorcade ran over it as Danish crowds pressed for a glimpse of the superstar in Copenhagen, police said on Wednesday. Jackson, who gave a concert there on Monday, was visiting the
      220 words
    • Article, Illustration
      Singapore: arts city
      633 19  -  Susan Tsang reports on the National Arts Council's plans to boost the local arts scene Susan Tsang THE chairman of the National Arts Council, Professor Tommy Koh, yesterday outlined ways in which the council plans to fulfill its mission. He also announced a national competition for its
      633 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      204 17 H; v Sr .v- K -I The Tourbillon Watch in 18 Karat Gold This is the unique Tourbillon watch certified by the Swiss Official Chronometer Testing Authority (C.0.5.C.l The production of this chronometer is an unprecedented technical feat for a wristwatch of this kind. It is confirmation of our devotion
      204 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      914 18 KL MS Nothing Beats A Bud. nffirfl where to wine, dine oy 11 ij jll JWTIJ^TTBTTfKBif! TEA TIME DiELIGHTS j S|hmh< leisurely weekend afternoon with hot I favourites like Pried chic ken. Prawn Fritter. Laksa. Soon Kway. Hojak or t 00l winners like mousse and jellies, lartiets and |)astries and
      914 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      538 18 TELEVISION AND RADIO ww rl Tfl saca mmm »-30 Layar *«tiar» Rah*a di BUSINESS ON RADfc \A/nr\ OlYl I r mBM■Kc aBC> -.....^..ftiv'^M.^.,...... gydtuHMi...., TT 11U <1111 A 7JS y opgiint followed by Tfc. 5» fWOptning follows by Md 1(.3t w«W <1 !»*<•. MC. «M WH» KJflf w; inamtm m
      538 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      239 19 AND ENTERTAIN «rrr I r I SUMPTUOUS SEAFOOD The freshest Catch-from-the-sea prepared in authentic ASEAN-style. BufTet Dinner is available nightly from 8 31 July 1992 7.00 pm to 10.30 pm j; ana Horn For reservations please call SINGAPORE 16 N»*m Mi. Sngwrar* 1025 732-1222 ext 1700 j***™ mra 1222 l
      239 words
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      Page 19 Advertisements Column 2
      193 19 r —m i nton —m T I < KMiiariii For an important business lunck or dinner tempt your client wt4\ our Madras Steak/ drilled Moivvgian Salmon and mwcK more from our extensive a la carte spread. jAt prices even your accountant will be pleased witkl CJt's atMinton's, right in tke
      193 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Weak overseas markets depress local sentiment
      3804 20  -  By William Chia SHARE PRICES in Singapore declined as investors stayed out of the market, sidelined by concerns about sagging markets overseas. The benchmark Straits Times Industrials Index yesterday slid below the 1,430 support level to end at 1,424.65, down 12.25 points from Wednesday's
      3,804 words
    • Article, Illustration
      Lock icon HOT STOCK
      58 20  -  By Quak Hiang Whai Comment NATSTEEL continued to fall from $3.58 after its price dropped below its nine-week moving average. It now looks doomed for $2.80 after breaking the $3.30 support. While the general direction is still down, the daily, weekly and monthly stochastics are pointing towards a
      SOURCE: BRIDGE INFO  -  58 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3031 21 »Jurong F,ng 50* 344 +6 +1.8% Metro Hldgs 420 6 +1 4% Ssangyong 50* 240 +6 2.6% »Tat Lee Bank 312 +6 +2.0% «6pore Bus 500 615 5 0.8% <»PBS$I.60 458 2 0.4% tkC Wt 300 +2 +0.7% J Keppel Fin 50* 130 +2 +16%
    3,031 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      135 21 YOUR KEY TO i BETTERBUSINESS DECISIONS! I Shine is Singapore Press Holding?' inforich database financial statements highlights, graphs, latest results team: T. S. Lui on 740 1035, Hazel Ong on 740 1771 or on Teleview, which incidentally is the most advanced and company news. Tony Chia on 740 1033. videotext
      135 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3374 22 Dunlop Est 205 +5 +2.5% M Banking 555 +5 +0.9% Magnum Corp 50" 510 +5 +1.0% In no vest Bhd 59% +4% +8.2% Esso 50* 420 +4 +1.0% Multi-Purpose 75% +4 +5.6% M Cement 50» 262 +3 +1.2% Mulpha Inti 50* 36% +2% +7.4% Sri
    3,374 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      398 22 BUSINESS T I NL_E__S_ Toll-free Tel No: 737-0043 Fax No: 734 3698 NOTICE NOTICE IS HEREBY GIVEN that, I Wong Soon Seng of Bk 319 Serangoon Ave 2 *02-352 Singapore 1955 have applied for a retail liquor shop licence in respect of premises at M/s NTUC Fairprice Co-operative Ltd at
      398 words
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      Page 22 Advertisements Column 2
      148 22 CHUAM UOHT SMPPMO (PTE) LTD (Incorporated in tot ftapubdc of NOHCE OF HNALNBIWa NOTICE it horaby gtaon ttwl pursuant to Section 300 (1) cf the Compontat Act Cap. SO. Final Mooting d Shareholder* wfl be hetd 102 Upper Crate 9treot #08-07 OG Building Singapore 01 OS on Wtdneoday 20 Augutt
      148 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Share prices fall on profit-taking activity
      5368 23 Bernama PROFIT-TAKING activity yesterday wiped out gains made during the rally over the previous two days in the Kuala Lumpur stock market. The depressing overseas markets and the prevailing lack of fresh incentives hurt sentiment and halted the upswing, compelled by speculative buying seen
      Bernama  -  5,368 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      289 24 CMVMy Date Ymt Crwip N«t Itot MMkp (mi mm to profit/toss (L) ptrshara i*M»< COM) (e*to) Causeway Jul 22 Dec 91 $358l($1.808) -(5.8) J Cement Jul 22 Mar 92 $10,044(13,126) 28 5(8.9) 12.5(7.5) MC Hldgs Jul 17 Mar 92 HM182,755(1197,832) 52(56) 40(40) Roth Inrfs Jul 10 Mar 92
      289 words
    • Article
      PRELIMINARY RESULTS
      175 24 Company Date Yur Groap pretax Nat earnings Grass ann to profit/lass (L) ptr share dMdnad ('000) (cants) Sr. Hartamas Jul 21 Dec 91 MJ955L (SU.874L) GP Batteries Jul 2 Mar 92 $15,492($14,186) 41.3(479) 18 8TE(17 6TE) Pelangi Bhd Jul 1 Mar 92 M$37.824 ($22,583) 11(9) 15(10) Pertama Jun
      175 words
    • Article
      INTERIM RESULTS
      171 24 Company Date Hart-year Group pre-tax Interim ana to pr»frt/loss (L) *M*~4 (000) Kings Hotel Jul 22 Jun 92 55 580(53.946) C Properties Jut 15 Jun 92 J8,203(15,029 25(20) M Cement Jul 6 May 92 M536 539(537.272) 18(16) Asia Pacific Jun 26 Mar 92 $*****(S59.214) UN(ION) F&N Jun 26
      171 words
    • Article
      RESULTS FORECAST
      78 24 CM Last Ml Ye* Forecast Mi M M Pratt EPS amct Tor EFS firm pratt Mgt N« c«m NrM Uy (cts) *> (SIM) OB") MM F Apr 30 Dec 91 1.5 8 946 14 0-27 6 2 4-2 6 M Mfc F Jul 18 Mar 92 26 30
      78 words
    • Article
      OTHER RESULTS DUE
      654 24 Mm M LslUto tmmi PtrM tot 1m P> frw j (cts) mfli MP* EMS Fmal Nov 6 Jul 91 3.0TE 17.8781 Fml Hmm* Wenm Jul 24 Dec 92 10 8 4 003 Swfe Mvitat Interim Jul 29 Dec 92 20 8 100 14.550 Rmh Interim Jul 30
      654 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      521 24 Trans Registered Sabatoatial Aatoaat SfciiifciKlng Stock Date Holder SliarelwMer/Pirectar Ml shares Mara Wtar Tit Let Bank 17/07/92 DBS Nominees (Pte) Ltd DBS BaM B 45.000 140.294 23.017.882 13 31 23.062.882 13 33 Tat Lee Bank 17/07/92 DBS Nominees (Pte) Ltd MND Holdings (Pte) ltd »B 45.000 40.294
      521 words
    • Article
      DIVIDENDS ANNOUNCED
      732 24 Carrwt Ex Mis Mi T«W tor Tat* tar paymwt <ato dm mwMa tfca year last yaar Atei ttdgs 50c 6*(b) A* 26 Sep 7 Sep 24 6* 6* fcncU 25c 10* Aug 21 Aug 27 Sep 10 10* 10* Mate* l««(l) JU9 JU21 M 27 WW 40M An
      732 words
    • Article
      CORPORATE DEVELOPMENTS
      779 24 Jul 22 Intraco Ltd has sold four floors of NOL building to Neptune Orient Lines for $29 million cash. United Engineer's subsidiary, Graphic Communications, has forged ties with Intel to develop Digital Video Interactive boards and interactive multimedia software, and also with IBM for development of new multimedia
      779 words
    • Article
      APPROVED ISSUES
      463 24 Company Rights Issue MC Bat One-tor tvw MSI 25 per share Ei4ate ton 2 Bocks dost ton 17 Acceptance > Payment M 30 f« Tan Sa* Three tor one fe, $105 per share Ei-date ton 17 Books Close ton 27 Acceptance Payment Aug 3 MM Three-tor-tour at MSI
      463 words
    • Article
      PROPOSED ISSUES
      522 24 mmta Tad Onrlor-ow >100 par *mt IM Stmt One-tor three g M$2 20 per *are Issue of 211.62m 50* Cumulate ftofeemab* Pratorwce *ves of 10 sen Mch 1992/97 (OPS) with op to 211.62m Transferal* Subsenpbon Rights (TSR) tor an aggregate pnee of MSI per CRPS with ont TSR,
      522 words
    • Article
      COMPANY MEETINGS
      159 24 Transmarco Ltd: AGM at 65 Chulia Street #33-00, OCBC Centre, Singapore 0104, on Friday, July 24, at 11.30 am Metro takings Ltd: 19th AGM at 65 Chulia Street #334)0, OCBC Centre. Singapore 0104, on Friday, July 24, at 12.00 noon Sunsfm MM Investment* Ltd: 31st AGM at 481
      159 words
    • Article
      SCRIPLESS CONVERSIONS
      92 24 Conversion Special Trdg Scriptess Conversion deadline Period Trading (ompui\ starts (1DP) (ST) starts Amcol Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 ANA Hotels Jul 31 Aug 27 Aug 17 Aug 27 Aug 28 HarinMN Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 Uh
      92 words
    • Article
      RECORD HIGHS & LOWS
      134 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 h*t *****8 (21/2/92) hjjt *****2 (27/1/92) 1992 tow; 1191.31 (9/4/92) £2.83 9/4* 1991 to* 1333 08 (3/6/91) J* 3/6/9 1991 tow; 1022.52 (16/1/91) J* Jg.0B 16/1/91 1990 N0c 1435 43 (16/7/90) JO'" "(3/90 1990 tow: 981 07 (09/11/90) J** W/S2R
      134 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      327 24 In local curr In S$ In US$ dy yr dy S >r dy yr Jniy 22 Index chge chge chge chge chgc chge Worid 370.3 -0.8 -9.3 -1.0 -9.5 -0.9 -9.1 $EAFE 426.7 -1.4 -15.0 -1.4 -14.7 -1.4 -14-3 Europe 400.0 -1.3 -2.7 -0.8 -0.8
      327 words
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  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Thai Airways debut fails to lift market
      1836 25 Reuter INVESTOR attention yesterday was focused on the debut of Thai Airways, but worries that the national carrier would not perform well in its first day spurred selling of other shares. The SET index lost 4.04 points at 753.92 on a turnover of
      Reuter; Source: Bridge Info  -  1,836 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Lock icon Share prices end little changed in quiet trade
      974 25 JAKARTA share prices ended little changed in very quiet trade yesterday. The official market index end«d down 0.61 points at 318.60. I "It's been really slow in the past few days," a broker said. "Bank Bali and Indah Kiat were about the
      Source: Bridge Info  -  974 words
  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Stocks in Shanghai slip for fifth straight day
      352 25 CLSA PRICES of Shanghai A shares fell for the fifth consecutive day yesterday under the pressure of over 10 new listings expected within the next two weeks. Jinbei Automotive will lead the bunch by listing its 10 million A shares in Shanghai
      CLSA  -  352 words
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      44 25 A KVr A Any Job. any Career. rffic* /7 AVAILABLE ANY DAY. Any Time, anywhere. Wcr THK Stuaits TiMrs Tmk Sunday Timcs Business Timm 1 Til* Nr*» P*W« tJAMH* Z*OBAO UANHI W*MBAO SHIN MIN DAILY N«W« B«mr* MAMIAN B««IT* Mitwou \§ss2& V> \y n
      44 words
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      Page 25 Advertisements Column 2
      9 25 The Straits Times Weekly Overseas Edition HOME BROUGHT CLOSER
      9 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei rises above 16,000 in late trade
      2643 26 Reuter TOKYO stocks closed sharply higher yesterday and the Nikkei Average rose 497.99 points or 3.20 per cent to 16,039.94. Investors bought back oversold issues on hopes of official action to support stocks, but sentiment was wary and the rally lacked energy as
      Reuter  -  2,643 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Prices dip in line with overseas markets
      2556 26 Bloomberg STOCKS ended sharply lower yesterday due to the broad retreat on overseas markets and as the dispute between Britain and China over Hongkong's new airport development project trundles on, traders said. "Globally things are not looking great and we cannot buck the
      Bloomberg  -  2,556 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon GIO debut dominates market in hectic trade
      2100 27 Reuter AUSTRALIAN shares recovered from a poor start to close modestly higher yesterday in a day dominated by the debut of former New South Wales government insurer GIO. "Since Monday's sell-ofT the market has shown remarkable resilience, and today was a classic example
      Reuter; Source: Bridge Info  -  2,100 words
  • REGIONAL STOCK MARKETS
    • Manila shares firm as blue chips recover
      • Article
        MANILA
        559 27 MANILA share prices closed higher yesterday, buoyed by renewed interest in blue-chip issues. The Manila Stock I Exchange Composite Index gained 16.97 points to settle at 1,470.76. Brokers said positive news by Ma- nila Electric Co and the Philippine Long Distance Co encouraged investors to return to the market.
        559 words
      • Article
        SEOUL
        802 27 PROFIT-TAKING following two consecutive days of sharp gains dragged the Seoul stock market to a lower close in thin trade yesterday, brokers said. After early rises, the Composite Stock Index finished at 518.53, down 7.47 points from Wednesday's 526.00. Brokers said institutional selling in the afternoon tempted individuals to
        802 words
      • Article
        TAIPEI
        539 27 TAIWAN STOCKS plunged across the board and the index ended 4.2 per cent down at its lowest level since January 1991 on waves of panic selling. The Weighted Index, which hit an intra-day low of 3,954 before bargain-hunting emerged just before the close, finished 175.93 points lower at 3,978.87.
        539 words
      • Article
        NEW ZEALAND
        284 27 THE NEW ZEALAND share market fell one per cent on moderate volume yesterday, almost entirely as a result of weak overseas markets, brokers said. Unlike previous days recently, when the market was weak, the index failed to rebound in afternoon trading. But brokers said there was no great
        284 words
      • Article
        BOMBAY
        66 27 SHARE PRICES retreated sharply on Wednesday after a strong start triggered scattered profit-taking. The Bombay Stock Exchange Index fell from a high of 2,881.94 to 2,818.12, down 52.47 points from Tuesday's close. The National Index shed 18.21 to 1,280.97. "End-account considerations played a decisive role," said a broker. "People
        66 words
      • Article
        Untitled
        50 27 Ooac PurtoM Jwty 23 NEW ZEALAND NZSE-40 Capital 1.552.2 1,568.51 -16.31 MANILA Composite Index 1.470.76 1.453.79 +16.97 Turnover (mil peso*) 275.0 313.71 -38.71 TAIPEI Weighted Pnce Index 3.978 87. 4.154.80 -175.93 Turnover (NTS billion) 30.35 18.57 +11.71 SEOUL Composite Stock Index 518.53 526 -7.47 Turnover (billion won) 170.52 162.96 7.56
        50 words
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  • WORLD STOCK MARKETS
    • Tokyo shock wave hits Wall Street
      • Article, Illustration
        NEW YORK
        1332 28 NEW YORK stocks suffered a relapse on Wednesday after a one-day recovery as another "shock wave" from Tokyo rippled through other overseas markets and ended at Wall Street. The renewed selling in Tokyo, where prices plunged 2.9 per cent, set the grim backdrop for the other stock exchanges.
        1,332 words
      • Article, Illustration
        LONDON
        751 28 SHARES FELL in London on Wednesday as figures showed British retail sales down 0.2 per cent, indicating that the economy is still in recession. At the close, the FT-SE 100 Index of leading shares was down 27.7 points to 2,387.9. The FT-30 was down 28 to 1,803. Volume was
        751 words
      • Article
        FRANKFURT
        213 28 THE FRANKFURT stock market took a hit on Wednesday, as the DAX Spot Trend Index ended at 1,628.22 points, down 1.9 per cent from the Tuesday close, while the Commerzbank indicator shed 1.1 per cent to 1,834.60. Like the London and Paris stock markets, Frankfurt was not pleased with
        213 words
      • Article
        AMSTERDAM
        270 28 DUTCH SHARES ended lower after a thin Wednesday session marked by news that German M 3 money supply grew 8.7 per cent in June, above the targetted 5.5 per cent, slashing hopes for a lowering of interest rates in Germany this year. The weakness of the dollar's after Monday's
        270 words
      • Article
        PARS
        167 28 FRENCH SHARES closed at the lowest level since Christmas as torrid growth in German money supply made investors more pessimistic than ever about the chances for a cut in interest rates any time soon. The CAC-40 Index ended 35.18 points lower at 1,727.49, on turnover of 2.6 billion francs.
        167 words
      • Article
        MILAN
        157 28 ALTHOUGH selling pressure eased, Italian shares continued to lose ground on Wednesday as investors showed little enthusiasm for jumping back into a depressed market, brokers said. The MIB Index dipped four points to close at 803 a new low for the year. Weakness on foreign markets dampened already bearish
        157 words
      • Article
        ZURICH
        331 28 SWISS SHARES ended an overall quiet Wednesday session about 1.5 per cent lower. Dealers said news that Germany's M 3 money supply growth was still running a high 8.7 per cent in June depressed sentiment. The All-Share SPI Index fell 16.2 points to 1,111.7 and the SMI Index of
        331 words
      • Article
        STOCKHOLM
        136 28 SWEDISH SHARES fell in line with European bourses on Wednesday as Germany reported an above-target growth rate of 8.7 per cent in the M 3 money supply for June, raising speculation of new Bundesbank tightening. The bourse General Index closed down 0.93 per cent at 840.65 while the top-16
        136 words
      • Article
        BRUSSELS
        232 28 THE BELGIAN share market's Bel-20 Index of leading shares closed down 2.18 per cent on Wednesday in mostly professional business amid declines on other European bourses and position squaring on the last day of the twoweek forward trading account. Dealers said the Brussels bourse, closed on Monday and Tuesday,
        232 words
      • Article
        JOHANNESBURG
        391 28 SOUTH AFRICAN shares closed easier in low volume on Wednesday, mainly dragged down by the weak futures market as jitters about the state of overseas market continued to dominate sentiment, dealers said. The Industrial Index closed off 28 points at 4,185 and the Overall Index lost 25 to 3,404.
        391 words
      • Article
        TORONTO
        318 28 HEAVY LOSSES in overseas markets and nervousness over second quarter earnings weakened Toronto stocks, dealers said. Northern Telecom's surprisingly poor second quarter earnings released Tuesday continued to cast a pall over the market. The TSE 300 Composite Index dropped 13.11 points to 3,412.1. Declines led advances 305 to 238
        318 words
      • Article
        Untitled
        118 28 My 22 Out Puitwi NEW YORK Dow Jones 3,277.61 3,308.41 -30.80 SAP 500 410.93 413.76 -2.83 Turnover (million) 191.84 173.76 +18.08 LONDON Financial Times 30 1,803.0 1,831.0 -28.0 FTSE 100 2.387.9 2,415.6 -27.7 Turnover (million) 423.2 416.2 -7.0 FRANKFURT DAX Index 1,628.22 1,659.77 -31.55 AMSTERDAM EOE Index 288.17 291.01 -2.84
        118 words
  • Page 28 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback ends easier against yen, firmer against mark in Tokyo
      1235 29 REPORTS Tokyo: The US dollar closed in Tokyo easier against the yen yesterday, but '"firmer against the mark from New York closing levels. Investor sales brought the US dollar/yen rate down in the morn'J ing, while the US dollar/mark rate
      1,235 words
    • Article
      INTERBANK FOREX RATES
      401 29 Cross rates Jul > 23 J V.,.'' L'SS SS MS Dm Yen SFr AS NZS USS 1.6140 2.4990 1.4860 126.70 0.5249 1.3150 1.3351 1.8215 1 v SS 0.6196 1.5483 0.9207 78 5006 0.3252 0 8147 0 8272 1 1286 MS 0.4002 0.65 0.5946 50.7003 0.2101 0.5262 0.5343
      401 words
    • Article
      MONEY MARKET
      552 29 Interbank rates i-,. S$ Bid Offer Overnight 2 1/4 2 3/8 1-month 2 1/16 2 3/16 2-mooth 2 1/8 2 1/4 3-month 2 3/16 2 5/16 Overnight mode: 2-1/16 ——-USS Bid Offer 7 days 3 3/8 3 1/2 il month 3 3/8 3 1/2 2 months 3 3/8
      552 words
    • Article
      Lock icon US pension funds look to forex to enhance returns
      305 29 Reuter NEW YORK As US pension funds diversify their investments overseas, money managers are moving beyond hedging of currency risk and are actively exploiting volatility to boost returns, experts say. Foreign exchange is no longer treated as an "afterthought" of foreign
      Reuter  -  305 words
    • Article
      FINANCIAL FUTURES
      1565 29 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/Int Sep 92 96.54 96.54 96.51 96.51 3000 3407 ***** Dec 92 96.11 96.11 96.08 96.09 7200 6413 ***** Mar 93 96.07 96.08 96.04 96.05 3600 4197 ***** Jun 93 95.76 95.78 95.74 95.75 1 700 1 514 4263
      1,565 words
  • Page 29 Advertisements
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  • COMMODITIES
    • Article
      Lock icon West European sugarbeet crop set to hit record levels
      350 30 Reuter PARIS West European sugarbeet crops are set to reach record levels this year, thanks to ideal weather in most countries despite early drought scares, experts said. "In Western Europe sugar production could reach a new record, with almost ideal conditions
      Reuter  -  350 words
    • Article
      Lock icon Zinc prices surge ahead of impending squeeze on supplies
      310 30 Reuter LONDON Zinc has surged more than US$lBO (SS29O) a tonne in little over a month ahead of an impending squeeze on supplies in October, prompting dealers to ask whether the LME will act. If the London Metal Exchange intervenes to
      Reuter  -  310 words
    • Article
      Tin climbs another 31 sen on speculative buying
      753 30 REPORTS THE Kuala Lumpur Tin Market ended 31 sen higher to M$ 17.27 per kg in line with the firmer close on the London Metal Exchange overnight. Tin price on the LME ended US$ll5 higher, mainly due to speculative buying, a dealer
      753 words
  • Article
    PRICES
    1632 30 Rubber HAS Commodity Exctawf (hrtarw dorit M it 1pm) WSS 1 Cmrtrad (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Aug 92 0.00 0.00 143.25 0 1.950 Sep 144.00 143.50 143.50 200 4.850 Oct 144.50 144 50 143.75 150 3,925 Nov 0.00 000 143.75 0 4.325
    1,632 words
  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      1336 30 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734-3608 LIQUOR LICENCE NOTICE NOTICE IS HFREBY GIVEN that, ITAY BOON lIOW of 8LK177 *03-164 TOA PAYOH CENTRAL Singapore 1231, have applied fora WHOLESALE LIQUOR SHOP licence in respect of premises at M/s CHEE TAT PROVISION SHOP at 25 DEPOT
      1,336 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1063 31 Hty fight ETA Fight 011 [aracM SQ418 1245 lata Hint* SQ187 1350 0830 MH631 1520 MH630 laala I in "r MH629 0035 MH602 0700 MH640 0805 n7^ MH630 0855 0740 SO 103 0950 SQ104 0830 MH605 1020 0925 SO105 1050 SQ106 1045 MH642 1220 SQ108 1145
    1,063 words
  • THE TRAVEL PAGE
    • Article
      FOREIGN CURRENCY NOTE RATES
      153 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.2024 1.2188 Canadian dollar 1 3455 1.3727 NZ dollar 0.8756 0.8933 Sterling pound 3.0630 3.1045 US dollar 1.6100 1-6170 IjOQiI dollars to 100 units of foreign curnrno Austrian schilling
      153 words
    • Article, Illustration
      Fantasy island
      697 31  -  POSTCARD FROM PULAU REDANG By Nirmal Ghosh PULAU REDANG redefined blue. As the luxury yacht Labelle approached the island in her usual stately, slightly plonking fashion, the beaches revealed themselves slowly, pencil-thin and blinding white, getting thicker and whiter as we closed in. A large turtle raised its
      697 words
    • Article
      WORLD TRADE EXHIBITIONS
      65 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Aug 22-25 International Frankfurt. Messe Frankfurt (49)69/***** Watch, Jewellery London Companies Ltd Trade Fair for Germany GmbH and Silver Consumer Goods Trades Fair Sep 6-9 Fine Food Melbourne Australian (61)3/867.7981 Exhibition Sep 6-9 International Dusseldorf. IGEIX). (49)211-*****1
      65 words
  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      39 31 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair s 35 European destinations. Check with your travel agent or call *****77 for more details. W« know Europ# from «Urt to Pinm»h
      39 words
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      Page 31 Advertisements Column 2
      6 31 Innovation Technology in BT every Tuesday
      6 words
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      Page 31 Advertisements Column 3
      884 31 BUSINESS Toll free Tel No: 737 0043 Fax No; 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF TOPWORTH INVESTMENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) ot the Companies Act. Chapter 50, that the Final
      884 words
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      Page 31 Advertisements Column 4
      292 31 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF PLACER DOME INVESTMENTS PTE LTD (In Members Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Chapter 50. that a Final General Meeting of the abovenamed Company will be held at
      292 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      227 31 7 Bore heartless people and eam reprimand (9) r J 8 Beautify and/or make up U~U H| 10 Split about always appear- T ing deferential (8) H]Hi" a H H the mount (6) 12 Pen a note making person- _I___L_L—L—L—L—J—J MMM 13 It's in Conservatives to P^— to read nurse
      227 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      154 31 Singapore Outlook: Showers over several areas in the morning. Report Maximum temperature 29.6 Assoc humidity 86% Minimum temperature 23.0 Assoc humidity 94% Hours of sunshine 0.85 Rainfall in mm 0.8 Rainfall this month 150.0 Rainy days this month 14 World report Asia-Pacific Hi/Ix>* Cond. Bangkok 33/26 Cloudy Beijing 34/24 Cloudy
      154 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      17 31 ~~"Y SUJOON. PROCRf\STiNPvT|tf& Pino 10£ GOT DOWN TO DISCUSSING ORD£R NUroSeR r-O^. -p\-CA 9INM tTANOMO 00. Ittt,
      17 words
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  • Article
    Lock icon Paris makes strong call for economic coordination
    452 32 US, German moves producing market uncertainty Reuter PARIS French Prime Minister Pierre Beregovoy called on Wednesday for a return to the kind of world economic policy coordination epitomised by the 1985 "Plaza Accord" to end damage done by conflicting government actions. He said
    Reuter  -  452 words
  • Article
    Lock icon Conquering inflation is key to pushing rates lower: Greenspan
    362 32 Reuter WASHINGTON US Federal Reserve chairman Alan Greenspan has said that interest rates governing everything from home mortgages to corporate bonds could fall sharply once investors are convinced that inflation has been conquered. "Long-term rates have a good long way to
    Reuter  -  362 words
  • Article
    Lock icon Japan alone among G-7 in wanting weaker US$
    387 32 Reuter TOKYO The dollar's softness against the mark has put Japan in a policy pickle it alone among the Group of Seven (G-7) industrialised nations wants to keep selling dollars. "If the Bank of Japan (BOJ) intervenes (to sell dollars), it will
    Reuter  -  387 words
  • Article, Illustration
    Socialist head makes headband statement
    38 32 TOKYO Japanese Socialist Party chairman Makoto Tanabe putting on a white 'hachimajti' headband yesterday to demonstrate his determination to win against the ruling Liberal Democratic Party in Sunday's l T pper House elections.
    38 words
  • Article
    Lock icon China's guru of planned economy backs reform drive
    249 32 Reuter BEIJING Chen Yun, the staunchest supporter of a planned economy among China's top leaders, has publicly endorsed the country's boldest experiments with market-style reform. In a signed article on the front page of Thursday's Communist Party mouthpiece, the People's Daily, he
    Reuter  -  249 words
  • Article
    Lock icon Beijing rejects conditions attached to MFN
    133 32 AP BEIJING China yesterday called "absolutely unacceptable" attempts by the US Congress to attach conditions to a special trade status for Beijing. The House of Representatives on Tuesday passed a Bill requiring the Chinese government to improve its human rights and trade practices in
    AP  -  133 words
  • Article, Illustration
    The dollars and sense of the '60' law
    812 32  -  The Bottom Line AGNES CHEN AGNES CHEN The writer is Executive Editor of Singapore Business magazine WHY have businesses not voluntarily kept on workers past the age of 55? Because it doesn't make commercial sense. Employers have found that older workers on
    812 words
  • Article
    Lock icon Drug baron's escape embarrasses Colombian govt
    341 32 Reuter BOGOTA Pablo Escobar, Colombia's most notorious drug-trafficker, appears to have escaped from prison in a major embarrassment for the government of President Cesar Gaviria. Mr Gaviria said on Wednesday that Escobar, boss of the powerful Medellin cocaine cartel, and nine lieutenants had disappeared
    Reuter  -  341 words
  • Article
    Lock icon Baghdad stands firm against UN
    154 32 Reuter, AFP BAGHDAD Iraq shrugged off the threat of a Western attack yesterday and brusquely told the UN to mind its own business. Deputy Prime Minister Tareq Aziz, quoted by the Iraqi news agency, said "threats will change nothing". UN weapons inspectors searching for Iraq's
    Reuter,; AFP  -  154 words
  • Article, Illustration
    Lock icon Bush rules out dropping Quayle
    402 32 US PRESIDENTIAL NMU NYT WASHINGTON With pressures mounting within his own party for further measures to revitalise his reelection campaign, US President George Bush denied on Wednesday that he is even considering the possibility of replacing Vice-President Dan Quayle. Deeply concerned about Mr Bush's dismal
    NYT  -  402 words
  • Page 32 Advertisements
Page thumbnail Page 33
  • Shipping Times
    • Article, Illustration
      Lock icon Marine industry expects 2nd half to remain profitable
      517 33  -  Prospects for next year uncertain By Rahita Elias SINGAPORE The Singapore marine industry, which last year generated sales of $3 billion, has sufficient momentum to maintain both its turnover and profitability this year. Tan Mong Seng, the head of the Association of
      Source: Association of Singapore Marina Industries  -  517 words
    • Article, Illustration
      Lock icon PSA box traffic up 22pc in first half
      393 33  -  By Diana Oon SINGAPORE Container throughput traffic in Singapore grew strongly in the first half of this year, and is expected to continue its bullish trend for the rest of this year. Major players in the industry are optimistic on growth prospects
      Source: PSA  -  393 words
    • Article
      Lock icon Oil barge freight rates double on the Rhine
      387 33 Reuter AMSTERDAM After months of stagnation, oil barge freight rates on the Rhine more than doubled in the past week on a wave of interest to move gas oil (heating oil) upriver into Germany, traders and shippers said. "Everyone has bought product
      Reuter  -  387 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1146 33 Page Col ABC Containerize 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 1 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3-5 Arrow Int 9 2 Asian Break-Bulk 16 3 •ASCL 5 5 ASXCLShpg
      1,146 words
    • Article, Illustration
      80-tonne crane bound for Batam
      197 33 SINGAPORE Pacific Commerce Lines' Adventure sailed last Saturday into Singapore, a port of call in the carrier's South-east Asian service launched earlier this year. The vessel, which is an open-hatch boxhold, gantrygeared ship, discharged an 80-tonne specialised crane during its visit to Singapore. The crane
      197 words
    • Article
      Lock icon Latvian port to act on bacteria complaint
      197 33 Reuter MOSCOW Latvia's Ventspils oil terminal will buy equipment to test gas oil (heating oil) for bacteria, but the bugs have not so far affected operations at the port, the deputy director responsible for quality control said. Galina Popova, who is also responsible
      Reuter  -  197 words
    • LOG BOOK
      • Article
        Dockers demonstrate at Dunkirk, port not hit
        94 34 LILLE. France A group of about 500 dockers, holding out against the French government's reform of dock labour practices, demonstrated on the streets of Dunkirk for a second day on Wednesday, police said. But business was not disrupted at the port France's third
        94 words
      • Article
        Tug towing freighter damaged
        75 34 LONDON The freighter Eleni had been under tow of the tug Michel Petersen for 30 hours when the spring of the towline parted at dawn on July 19 in a storm some 640 km from Montevideo.according to Lloyd's Intelligence. The tug's towing winch was damaged and
        75 words
      • Article
        Panamax market shows firm tone
        145 34 NEW YORK The market for Panamaxes in the Atlantic continued to show a firm tone, brokers said. They said one of the major factors contributing to the continued firmness was "the presence of a handful of Asian operators short early August freight who will have
        145 words
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        Aussie baggage handlers return
        64 34 MELBOURNE International flights in and out of Melbourne returned to normal yesterday following the end of a baggage handlers strike, an airport spokesman said. Baggage handlers employed by Qantas Airways voted to return to work on Wednesday after going on strike on Saturday to protest against
        64 words
      • Article
        US railway-union tentative pact
        105 34 SCHAUMBURG. Illinois Santa Fe Pacific Corp said its Santa Fe Railway unit recently reached tentative agreement with the United Transportation Union which covers 40 per cent of the railroad. The agreement, which is subject to ratification, would permit operation of all through-freight trains with an engineer
        105 words
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      Lock icon High price of German subsidies
      1147 34  -  Political considerations may be behind the huge subsidy package to help eastern German shipyards, but Tony Gray warns of the dangers it poses to the world shipbuilding industry Tony Gray Lloyd's List THE healing process of German unification is carving some deep wounds in the
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      VERITAS BUNKER QUALITY REPORT
      592 34 Carbon Carbon My IS Density Water Residue Ash Aluminium Sedment Demity Water Mil Asfc Mm Sediment Exxon Euum-.^ KG/M*3 V/V M/M I M/M PPM method KG/M*3 tV/Vl M/M M/M PPM methe* tSO/Cnuc fmrts Spec E25 991 To lil) <U0 30* olo* t Spec 635 991 10
      592 words
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      THE SHIPPING GUIDE
      11595 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      11,595 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        586 49 Vtsici Voy No Berth Am»d Oapariwt J W«sd *oy Wo Berth Arrwd Departr* Marina Terminal I Sun Amazon SWA11B P06 23 07/1730 24 07/0700 Batam Baru B166 M05 alongside 23 07/2300 Sutra 10A/92 P08B 24.07/0400 2407/1200 Batam Murm *****2 M04 alongside 24 07/2300 long Mun 05/92 P02
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        IN MALAYSIAN PORTS
        243 49 Johort Port Beth: 1: ml; 2: Alas; 3: Su Yang; 4 Nand Srishiti: 5: Sincere No 5; 6: Barzan OI jetty: Bow Heron. DCJ: Ocean Winner, Ocean Princess Due on Jiiy 23: Tbilisi, Tonegawa. Azam 11, Jati. Johan IH. Seamar, Barge, Kim In XXII, Kuala Siak Due
        243 words
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        CONTAINER SCHEDULE
        1634 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS S* Voy No Contaners avaiabte S*> Voy No Contaners avaiable N Diamond 06E 22.07.92 0710 Boris Andree 21CM2 COO(EST) 23.0792 2300 Ned Oceana 2232 22.0792 0715 CGM Pascal 4242 COO(EST) 23 07 92 2300 Vtadwrir Vas 1492YY *****2 0955 Trade Link
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      TRANSPORT DIARY
      959 50 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 ]Tellular Mobile Communica<ions, organised by 1BC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Services at tel: 732-1970
      959 words
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      DAILY FREIGHTS
      613 50 THE FREIGHT market strengthened on Wednesday on talk the US Gulf/Japan heavy grain route was being fixed higher on limited early August supply, dry cargo brokers said. The Baltic Freight Index (BFI) rose three points to 1,063, with Gulf/Japan up at U5519.71 from U5519.48. An early August fixing
      613 words
    • Article, Illustration
      Lock icon HK confident of settling airport row with China
      480 52 AFP HONGKONG The Hongkong government expressed confidence on Wednesday that a solution could be reached on the financing plan for the colony's mammoth new airport project despite the current row with China. "We are confident that when the airport question is tackled
      AFP  -  480 words
    • Article, Illustration
      Lock icon Boeing may build new 737
      311 52 Reuter SEATTLE Boeing Corp may build a new version of its 737 jetliner that will fly farther and faster in an effort to counter an aggressive challenge by European aircraft maker Airbus Industrie. Boeing, the world's biggest commercial plane manufacturer, was stung this month when
      Reuter  -  311 words
    • Article
      Lock icon Iran to return to Kuwait planes stolen by Iraq
      236 52 UPI CAIRO Iran said on Wednesday it will return to Kuwait six Airbus planes j flown to Teheran after being j seized by Iraqi troops occupying the emirate before the Persian Gulf war. A dispatch by the official Islamic Republic news
      UPI  -  236 words
    • Article
      Lock icon M'sia-Australia light aircraft venture to take off in Sep
      291 52 Bernama KUALA LUMPUR Malaysia's light aircraft joint venture with Australia will have its first unit for sale in September this year, says International Trade and Industry Minister Datuk Seri Rafidah Aziz. Ms Rafidah, who returned home on Wednesday after leading a
      Bernama  -  291 words
    • Article
      Lock icon Lawyer's family gets US$9m in first Lockerbie lawsuit
      326 52 The Pan Am trial AP NEW YORK A jury awarded U559.25 million (14.93 million) in damages on Wednesday to the family of a lawyer killed in the 1988 terrorist blast that knocked a Pan Am jetliner out of the sky over Lockerbie,
      AP  -  326 words
    • Article
      Lock icon Global airlines becoming a reality
      533 52 Recent US-Europe partnerships of mutual advantage Reuter LONDON New links with US airlines for British Airways pic and KLM Royal Dutch Airlines bring the much discussed concept of global airlines a step closer to reality, aviation analysts said on Wednesday. BA announced on Tuesday that
      Reuter  -  533 words
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      8 33 For advertising enquiries, contact Skipping Times Tel 740-2089n40-2090.
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      126 33 the FAMOUS VO/CANAM ■iMIIIJI* 1M 1833 For more information please refer to P|. IS Container Schedule 17 Daily FragMs 18 Indei 1 Shppmg Gurte 10,11 Sh*» m Port 17 Singapore Tides 17 Transport Diary M Veritas Report 2 Weather and Sea Condrtcns 17 High price of German subsidies, Pg 2
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      84 34 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms and the people
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      2720 35 OOCL (3) PTE LTD JAROIHE SHIPPINO AGENCIES *****11 FAX: *****09 Ulißr BOOKINGS TEL: *****34 *****58 IfCBZIII TERMINAL/CFS TEL: *****18 220 I |W9 I PCSAKA JAROINC SHIPPWO AQCNCKB SON. MO. LVflflfJ PORT KELANG TEL: *****18 FAX: *****91 *****88 i r—-T r— PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 ■MPIPPPg Dedicated
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      1173 35 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT 0 1 UNITED ARAB SMmMfSAG^M [VSL/VOY SX WYC BAL 0»f SAV ■tl ihMI li li) K/l 2/1 W l/f I Ih ihMIM* V 3 /'I 12/9 IH tVI 17/9 I Ismii »os» »j
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      1393 35 3 SAILINGS TO HONG KONG MathUde Maersk V 9208 ETA Singapore 28/7/92 Anna Maersk V 9209 ETA Singapore 25/7/92 Laura Maersk V 9209 ETA Singapore 28/7/92 VMMI Voy ETA ETO Feeder by DESTINATIONS Leerort/Arm This «Mk Mathiide Maersk 9208 cy 28/7 0400 mrs Pon ■■lIHHB MB hmi mm hh wmm
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      1613 36 r»go VOY NO S PORE JEDOAH S HAMTON H'BURG ANT LE HARVE BCGB HANNOVER EXPRESS 09/329 26/7 12/8 14/8 17/8 18/8 j. HUHM— KURAMA 17/130 30/7 8/8 22/8 18/8 17/8 FORT HUMOR 8 ftWANB FRANKFURT EXPRESS 83/330 2/8 19/8 21/8 24/8 25/8 CM>O TO W/UWHf KASUGA 1 22/131 7/8 18/8
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      480 36 I EXPRESS TO PAPUA WW OUMgA I BPOME CHEFOO VM 27/07 POOA/MON/NOMO/RAS LAI/MAO ALAM TALAMO VSR WW POM/MOH/HOMO/HA* KMA/LAR/WWK (LCL B/BULK) T/S: ALOTAU, OROBAY, KAVENG ACCEPTMG LCI FOR MAM PORTS DISCHARGE PORT KELANG N C. TO: 35M701/4 INDIAN OCEAN AND SOUTH AFRICA REGULAR SUM-CONTAINER SERVICE VESSEL SPORE PRL lOAOW6 FPU
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      1561 36 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND TO EUROPE VS./HOY SM ALG KL HAM ME IOT ANT FEL LHA (VM (VM (VM M) MB 10 T) NORASIA AL-MANSOORAH 9221 3 27/07 17/0S 18/ OS 20/01 21/08 22/09 23/07 24/07 2S/07 NORASM SIM 9222-3 01/00 25/00 27/00 20/00 29/00 29/00 30/00 30/00
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      2461 37 H STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppd Towers Singapore 020S Tel: *****8S Fax: *****17 'cSM SAIS SPORE BUOK WHS Ml RUB VO4E Muara. lab. KK In Port 23 M MARION V.0145/015N K-27 ut 2»-30 M.Y STRAITS VENTURE VISE Muara. Lab. KK 26 27 M 28 M
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      2813 37 m SINGAPORE AGENT: |)Xfil «tt P&o Containers (Singapore Agencies) Pte Ltd I CjLlf Vjl|lll#f I 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 wr Te| 2 25 2233 Tetex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z j.■ vessel voy FSSS w im alb sou ant rot
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      683 38 v CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOY STOK HMM/WAM HHHC MIEN ANTWttP MATMAM/32N6 hi Pt 25/8 31/1 5/» 10/9 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subjcct to Inducwiwnt. Also accepting cargo lo Casablanca. Port Said. Port Alexandria. Qanoa. Triaita ALSO ACCEPTING CONVENTIONAL CARGO VIA T/S
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      1520 38 HANJIN SHIPPING rm VSI SM UK HAUL MB OM FDR tt. SM |UC HAUL SAV Ul RTC HANJM LONGBEACH 03« 25/7 DMICT 16/8 19/8 HARM KNARGYANG 0911 27/7 H. SAVARNAH 03X 3/9 4/9 t/9 HAIUN ROTTEROAM 019 C 1/8 DMCT 23/8 26/8 HARM ROTUTOAM 0191 1/8 M. ANEMCA (KMC 10/9
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      1296 38 i J T -JTT^ST^K' «l KSG HKG KIG PUS Ml OS* NCY SMI TTO LAX CMS BAL NTC IHV ANN MM TNP MG PSD CM HI I I OiMIT IS OX 21/7 29/7 1/1 S/l 7/1 10/» 11/1 14/1 IS/I 17/» 21/1 9/9 11/9 12/» 22/9 23/» 24/9 2S/9 2*/9
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      2052 39 ■ippig iuiiQ«| r rHMj muxy *1 tm NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: I**********E) BOOKINGS (FOR ALL NOL SERVICES) NEPTUNEUNK TEL *****00 (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 FAR EAST SERVICE *****00 IMPORT CFS F9: *****60/*****98 UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS -F9 *****53/*****50 AUST/INOtA/PAK SERVICE •WT m
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      1167 39 SINSOV SINGAPORE SOVIET SHPPING CO PRIVATE LTD BOOKMG: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-23(3475/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 WHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EJtfTBOIM)—OftCHMIMtt WmMUP-IOMIMG TMHSWftD W MTTEWMM KHtIS WW ll |HA
      1,167 words
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      1630 40 W AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD I W W TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 I I |4 MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD BV M, ITEL:1 TEL: SA *****00 PK *****75 PENANG *****0 JB *****1. ■■■■I KISENKAISHA, LTD INDONESIA: p.t. sarana laut internusa, tel: jkt *****76,*****77.*****08
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      1169 40 PHILI-OMCNT UN€5 PTC LTD If W 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76 *****38 (Xjd BY AIR, LAND OR SEA.... fi (ifa JtgjL WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOaATION AU STRALIAfiiEW ZEALANDmOUTH PACIFIC FCULCL SERVICEJ—
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      2226 41 PACIFIC INTERNATIONAL LINES (PTC) LTD M 140 Cecil Street, #03-00 PIL Building, Singapofe 0106. Tel: *****33 CR NO: **********06 I JAKARTA I I BANGKOK I VESSEL VOYSIN BKK M MD SMSAMUT (THAI FLAG) 6R827N 38/7 28/7 1/1 KOTAMDAH 3QI 28/7 28/7 2/» KOTAMTrAMG KBT77N SB/7 31/7 4/8 BUNOA TERATAI 303
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      846 41 P P GUPANG Ph CLANG 'XEAN'/SL Vo> SOI'" T M :I* HAM o" GOT .4 E if/7 24/7 28/7 WHON 2292 28/7 14/8 16/8 17/8 19/8 E 31/7 1/8 BENARTY 2302 4/8 21/8 23/8 24/8 26/8 D _7/8 7/8 8/8 AL3A 2312 11/8 28/8 X>/8 31/8 2/9 E J4/8 14/8
      846 words
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      272 41 NIGERIAN NATIONAL SHIPPING LINE MGERIA EXPRESS SERVICE RIVERI9M vjb ■MQAFOM I J Lagos Aug Port Harcourt SO Aug CUbf M Aug I °BSA° I TRANSPORTATION M MYANMA five star line f (Myanmar National Line) Loadni for Yanfon (Ranjoon) Sport P.KIj Pen P.Gd| PAGAN VIMW In Pt HPA-AU VI79W 90/2 Auf
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      2502 44 > j Conventional Semi-Container Full Container OOCC Services Liner Services wi mm***ft** G&MrilAfmti. totkln§ Ajtatx Bwmrat A§mtK Booking Agmtt: y haltm Ap Hust ?u j»i»n ko* h* jMH*n*wi4 Ylck Fana Shlooina S ifcainn r Hnnnn »nrin C&ttM SMffla§ Pit Ltd snpf*v#Ww »*•*•<**•«**' *****ftwin** on mm smm, ***** ill pZIZZrnZr 2riiZ
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      341 44 SAMUOSU MMMEStt (S) PTE LTV 15 McCALLUM STREET #09-01/03 NATWEBT CENTRE J Singapore VMM Tatax: R*****0 T«fc *****01-3 F«x: 22S 4030. 227*130 FOR ROOKRMM CALL DIRECT UNE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK PELOPOR 1038 25/07 (SAT) 28/07 (TUE) MERKUR DELTA 933 28/07 (TUE) 31/07 (FRI) DERAJAT 992
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      529 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOt/PIREAIIS 26/7 ROTTERDAM 26/7 HAIFA/ASHDOD/ALEXANDRIA 26/7 HAMBURG/BREMEN 26/7 MARSEILLE/FRANCE 26/7 FaiXSTOWE/UK 26/7 BARCELONA/SPAIN 26/7 LEHAVRE/ANTWERP 26/7 cenoa/italy 26/7 gothenburg/scandinavia 26/7 IPS ANGELES/WC/PI 26/7 SYDNEY/MELBOURNE 26/7 NEW YORK/EC 26/7 FREMANTLE/ADELAIDE 28/7 VANCOUVER 26/7 BRISBANE 26/7
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      738 45 CZa MCHFtID HARME MOCKS (S) PTI IT» RH TEL: *****33 (12 Uhm) LZIJ PAX: *****18/22t3J0l gSI TELEX: R> >8683 RMHP (2 lilt—) ETHIOPIAN SNIPPING LINES (National Lmes of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOV ETA ILOAONQ FOM SPORE ABYOT ?VWB 26/06 DARESSALAAM. MOMBASA. OjaOUTl ASSAM. MASSAWA NETSAMET 27W8 »/0»
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      822 45 ""TfiMMWHMBKBH a/»7 mm —m m w m w m» Tt/vt mm mm »ts a/>7 oi/m mhta mm ww sm a/o 7 mm a/07 KHM am I |7» I Ql/I M/« PffA BHMT»» 243N Ml *7/07 IM 38/07 WW Ml IMI Mi 27/07 TM 38/B7 MMM MM# IIMI MM a/07 M
      822 words
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      1481 46 groupage I l-NW- IPENANG: (04) *****6 SIBU: (064) *****9 KUCHING: (082) *****3 w v P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK [GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 26/7 27/7 28/7 Honf Konf Ldn/Fh/Rdm/Ant 30/7 31/7 1/8 29/7 30/7 31/7 Hon| Konf G'bur|/C'haf«fl/Slx*n/Osio 26/7 27/7 28/7
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      274 46 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM ML LIT SM PREMO VI9S 31/7 11/1 13/1 30/1 MULBEXA 2SS 14/1 2f/l 21/1 14/9 MIST STM 0626 22/1 3/9 5/9 22/9 FULLY CONTAINERISED SAILINOS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH, NAPIER, WELLINGTON,
      274 words
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      1122 46 THONG SOON UNES PTE. LTD. fl JEf 77 RO6MSON ROM) #15-00, #16-00 SM BULDMG SMGAfORE 01K TEL: *****5S FAX NO: *****11, 227M22 SBr TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO r:\ SINGAPORE TO WEST MALAVBIA SINGAPORE TO WEST MALAYSIA una |wt leta I OPT lESSEL |WT ISMRt |P.
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      673 47 aMpptf Times, Friday Jaly 24 IW2 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCOTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO. MATARAM, 10* I OTHER PERUVIAN PORTS* i WITH T/S AT KOBE OH CPV THROUGH BUL OF LADING. WSVEVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE 1 ACCEPTING BREAKBULK/SOC CARGOES TO/FROM KOBE. YOKOHAMA. NAGOYA,
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      578 47 m zim T Container Snrlc* I N.AMERICA/CARRBEAN SERVICES VESSEL h>OT aw WT_ LAX AST Ml WTC I*l A VESSEL 27/7 OM CMJFOMA 531 1/1 5/1 7/9 9/9 m NiIANMA 721 4/8 ZN UELIMS A «issa 9/8 m BHIIA 3d 7/9 l«/ 9 21/9 22/1 24/9 tmomsa cat Ml —1« m/»hviln/ll«fll
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      662 47 MUITHMH MR PTI LTD II MIDDLE-EAST/PERSIAN GULF ACCCmMO FCL/LCL DUBAI OAMMAN SHARIAH. DOHA. MUSCAT. BAHRAM. ABU DHABI. BANDAR ABBAS It DO AH FAR EAST ACCEPTING FCL/LCL PCNANG P/KELANG. lAKASTA BANGKOK. HONG KONG. TAIWAN JAPAN MANILA KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON. FELIXSTOWE. LEEDS. TILBURY, ABERDEEN. LE HARVE. HAMBURG ROTTERDAM. ANTWEP GOTHENBURG
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      479 47 MONTHLY MICT COHTUKR SLIMCE SIN TO ALGERIA ALSO CALLING MKEUE/UUKZU TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN NUN TRANSMPMENT TO: ASEAN/AUSTRALIA/FAR EAST/KDUERMNCAN/EMIOPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN assr™ ™rr. r 1 Rapid I NEXT LOADER TO: 1/8/92 EXCELLENCE CNTR
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      355 47 SjN fUt EAST 27/7 KEELUNG/KAOHSIUNG 26/7 BANGKOK 26/7 MANILA/CEBU 26/7 JAKARTA/BELAWAN/SURABAYA 26/7 PORT KELANG/PENANG/E. Malaysia till BUSAN 26/7 TOKYO/YOKO/KOBE/NGO/OSA 27/7 HONG KONG S|N CHINA 27/7 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIAN JIN QINGDAO HAIKOU also accepting LCL cargo S|N EUROPE/UK 1/8 LDN/FLX/LVP/SOU 1/8 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech SIN
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      1008 48 I ECONOLINES 1 A Tune Space Pilot for World Trade Navigation since 1979 EUROPE I I STRENGTH and HOPES We deliver 2040 points throughout 17 We provide weekly consolidations to 32 countries in conformity withl3 imcoterms Discharging ports at own Bonded Warehouse total demands in shipping for carrying your with
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      446 48 BontermJ CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION g TOUR FIRST CHOICE TO:— I AUCKLAND 30 JULY I ACCEPTING TO ALL PORTS IN NEW ZEALAND fi BANGKOK 26 JULY JAKARTA 28 JULY PENANG 27 JULY PORT KEIAN6 30 JUIY MELBOURNE 29 JULY SYDNEY 29 JULY FELIXSTOWE 01 AUG HAMBURG
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      493 48 BNext Week's Sailings Singapore Singapore Los Angeles Manila 31/07/92 (Onforwardinu 01/08/92 fk Singapore Tel: 778 6522 fffiL Fax: 779 2738 J&k Johore Tel: 07-*****8 £IMImJ Fax: 07-*****3 Alfred Ng 7&WSTL/A//C y C P C A CONTAINER/ f~T"1 11 0 b 0 A RO.RO SERVICE f— SJ THE NATIONAL SHPG 1
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      452 48 FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 67N8 31/7 VIGOUR S PORE 32N8 7/8 BANGKOK 26/7 2,8 BUSAN 27/7 2/8 HONGKONG 27/7 29/7 USA 27/7 3/8 PI LOUIS DURBAN 11/8 19/8 KLLLUNG 27/7 10/8 PT KELANG 29/7 3/8 OSAKA 31/7 7/8 PIRAEUS 3/8 9/8 KOBE 31/7 7/8 JAKARTA 26/7 2/8 CEBU
      452 words
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      89 49 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS V__ Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look
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      Page 49 Advertisements Column 2
      101 49 WEEKLY LCL CONSOLIDATION SERVICES TO EUROPE PORTS WITH CONNECTION TO MORE THAN 206 INLAND POINTS. AIISTIIA HUNGARY RUSSIA BELGIUM MELAND SWITZERLAND BULGARIA ITALY SPAIN DENMARK NORWAY SWEDEN FINLAND NETHERLANDS TURKEY FRANCE PORTUGAL TECHECHOSLOVAKIA GREECE POLAND UNITED KINGDOM GERMANY ROMANIA YUGOSLAVIA MAKE YOUR ENQUIRIES TODAY HOT LINE 273-0466 YUSEN SEACARGO AGENT
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  • Page 49 Miscellaneous
    • Miscellaneous
      Page 49 Miscellaneous Column 1
      477 49 TIDES AND WEATHER 1, mtfm m HIT f IBWWWWWMW—■———— TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 *****400 *****600 1700 1800 1900 2000 2100 2200 2300 JR 09 1 1 14 1 7 19 20 19 1.7 14 1.2
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  • Page 50 Advertisements
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      Page 50 Advertisements Column 1
      404 50 1 WSlk 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
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      Page 50 Advertisements Column 2
      356 50 i. cosco UKC CONVENTIONAL SERVICE VESSEL PKI PNG P.O. LOADING FOR: A VESSEL 28/06 Rotterdam/Antwerp CHWtA CONVENTIONAL SERVICE VESSEL PKL PNG P.Q LOADING FOR: OING RONG 12/07 Guangzhou/Huangpu EXPORT TO: CHMA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned servtces to Cfwna Ocean Shipping Co.
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      Page 50 Advertisements Column 3
      365 50 jb FCL Express Service to 1 For more information. Competitive rates and reliable serviceAr I inaCOFLfIpTELTo Call Our Customer Service At Te1:227-4788. z SKH DISTRIPARK PTE LTD 1 i 4 77 Robinson Rood #16-02 SIA Building, Singapore 0106 Singapore Tel: *****79 Fax; *****82 Tlx: RS *****SKHNVO Jobofe Baru Tet 07-*****8
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      Page 50 Advertisements Column 4
      122 50 3* I KWONG LUNG SHIPPING PTE LTD TEL: *****12 FAX: *****83 •ESQ TOY ETA ETD OESTWATION J M V "LUCONU" 8/92 23/7 24/7 BWTULU, MIRt. R BELAT M V "THAI YANG" 10/92 31/7 1/8 MUARA, LABUAN M.V "LUCOMA M 0.2" 8/92 25/7 26/7 BHTULU. MIRI M.V. "THAI HO NO 1"
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  • Page 51 Advertisements
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      Page 51 Advertisements Column 1
      1114 51 I' HYUNDAI MEBCHAHT MABINE CO. LTD•VIA FEEDER pacific south-west service PWA* PKE~ PCD* ST TO US* VQY UH OX PAL/HOU CH SUI IWC 21/07 15/67 17/07 24/07 H. MNOVATOR 51E 31/07 17/01 20/01 20/01 21/W H/08 23/01 21/07 22/07 24/07 31/07 H. ADMRAL 01E 07/01 24/01 27/01 27/08 28/08 28/88
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      Page 51 Advertisements Column 2
      431 51 STRAITS/ JAPAN/ STRAITS SERVICE L SPECIALIST M RO-RO A HEAVY UFTS I mom VESSELS ran m n uc II ■ii TRAM a u nn CMMRIRARER 27 M PT sou mam n i/R sea Lin u tin m Vi CRSMC ClALlfgl IA l/A i/a KUCU II A/A A/A TRAM ART! Al
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      Page 51 Advertisements Column 3
      734 51 JEDDAH/UK/CONTIsENT ISTORE Iks I*TOR not rORM UN *Mm AcapM« Cap hr. MMRRBI EVRESt VJ9/329 2A/7 12/1 14/1 17/R IR/I RRMm :to M Maa* Aartatfat o*. NMM RMMMA V.17/13A JA/7 A/A 22/ A IA/A 17/R T iRi |l :to4 RR AmMRm. Rtfat a* RM FRMRMT EVRESS V4l/33A 2/1 U/l 21/1 2A/A
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      Page 51 Advertisements Column 4
      122 51 »BMTMG MAS SHIPPING PTE. LTD. 39 NHL ROM) SMGAPORE 0208 TEL: *****88 TLX: R*****5 SMMER FAX: *****64 •cam wan or cmko rras onmtnoM MOtOUT KM Vl« h n-S M Hwa. Ukm. MRTMK rIX M-» M 2V2S M M*. IM. KM meter wh nx tr n m »n m i*«. w
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  • Page 52 Advertisements
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      Page 52 Advertisements Column 1
      71 52 PE INVESTMENT CE Every Saturday in Business Times I —-i The Executive Housekeeper -this hotel J O \vwv I I wants is me. But I'll never neglec-t I -flnis house, ba^y/ y sffvjj'i'- =1 Any Job. Any Career. Available Any Day. any Time. Anywhere. The Straits Times The Sunday Times
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      Page 52 Advertisements Column 2
      9 52 PERSONAL FINANCE INVESTMENT Every Saturday in Business Times SSSSBH
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