The Business Times, 14 August 1992

Microfilm: NL18499
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times TIIE BUSINESS PAPER EOR S-E ASIA MITA (P) 35/12/91 Friday, August 14, 1992 75*
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  • NEWS SUMMARY
    • Article
      US retail sales posted modest gains in July
      84 1 WASHINGTON Sales at the retail level rose modestly for a wide range of goods from building supplies to new clothing during July, the US Commerce Department said yesterday. But last month's 0.5 per cent increase in sales followed sharply revised June data
      84 words
    • Article
      Tibet opens its doors to the world
      70 1 BEIJING The Chinese authorities have decided to open Tibet completely to the outside world in a daring reform aimed at promoting economic prosperity and weakening ethnic separatism. The region's communist party committee and government decided on July 14 to "turn from a closed
      70 words
  • MARKET SUMMARY
    • Article
      Dow higher
      30 1 WALL STREET share prices opened higher yesterday, with the Dow Jones index of leading industrial stocks up 15.38 points to 3,336.21 in the first five minutes of trading.
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    • Article
      Footsie higher
      24 1 LONDON share prices were higher at midday yesterday. At 1200 GMT, the broad-based FTSE Index was up 15.9 per cent at 2,319.
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    • Article, Illustration
      STOCK INDICES
      30 1 I hursday Change BT-MGA 665.20 +4.69 Kuala Lumpur ...592.18 -2.39 Tokyo 14,768.17 -5.62 Hongkong 5,857.11 -22.08 Sydney 1,568.4 -2.3 Wednesday Change New York 3,320.83 -10.27 London 2,303.1 -6.5
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.6090 100 Yen SS 1.2625 MS SS 0.6439 Money market rates Overnight 7/8% +6/8 3-month 2-1/8% -1/16
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    • Article
      COMMODITIES
      36 1 London GoW AM fix USS339.25 -US$7.25 Rubber S'pore Sep 143.50*/kg +0.25 M'sia Sep 220.00*/kg +0.05 KL Tin Turnover 27 tonnes -36 Spot M$l7.00/kg +0.24 Crude palm oil Turnover 423 lots +23 Sep MS834 /tonne -1
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  • Article
    Institutions scramble for corporate bonds
    607 1  -  Time ripe for launch of longer-maturity 7-year government bonds By Amy Balan SINGAPORE A big rush is on for bonds, especially corporate bonds, as local institutions become increasingly frustrated by poor yields on their idle funds and a flaccid stockmarket. The big problem now is
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  • Article
    Lock icon Tokyo wants Gatt to look into Nafta for possible rule violations
    249 1 AFP TOKYO Japan wants the General Agreement on Tariffs and Trade (Gatt) to inspect the newly-announced North American Free Trade Agreement (Nafta) for possible violations of world trade rules. An official from the Ministry of International Trade and Industry
    AFP  -  249 words
  • Article, Illustration
    Buyer fails to come up with $25m payment for Marina Village
    378 1  -  By Dawn Tan SINGAPORE New doubt hangs over the future of Marina Village International, the food and entertainment complex that led to the bankruptcy of businessman Elyamani IGiamis. Local building material distributor Colour Touch Singapore Pte Ltd, which said
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  • Article
    Shares to resume trading soon: Allied
    181 1  -  From Catherine Ong in HONGKONG SHARES of Malaysian businessman Lee Ming Tee's Allied group of companies will resume trading "within the next few days", the directors said in a statement yesterday. Allied directors met representatives of the Securities and Futures Commission (SFC) to discuss
    181 words
  • Article, Illustration
    Sumitro to the rescue
    70 1 TWO DECADES after he first helped rescue the tottering Indonesian economy left behind by Sukarno, Sumitro Jojohadikusumo (above) is on a new rescue mission, this time to save one of the country's richest business groups. A fortnight ago, in an unusual corporate development, he replaced by
    70 words
  • Article
    Thailand seeks Asean support to end MFA on textile trade
    450 1  -  By Schutz Lee SINGAPORE Thailand, seeking to end the Multi-Fi-bre Arrangement (MFA) which governs textile trade between developing and developed nations, has again approached its Asean neighbours to lobby for its cause. The last time Thailand presented its stance to
    450 words
  • Article
    STI Index stems slide with 8.5 -point gain
    159 1 SINGAPORE A sigh of relief was almost palpable at the local stock market yesterday as prices turned slightly upwards after two days of sharp drops. TTianks to a technical rebound and some bargainhunting, the benchmark Straits Times Industrial Index settled at 1374.76
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      450 1 I OUB earnings up NET EARNINGS at Overseas Union Bank Ltd for the first six months registered a 20.4 per cent jump Page 4 Improved bottom line HONG LEONG Finance Ltd's bottom line rose by 37.6 per cent to $18.2 million for the six months ended June 30 Page 4
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      Page 1 Advertisements Column 2
      27 1 Editorial, Pg 12 Canadian public unenthusiastic, Pg 16 Mexico stands to gain most from pact, Pg 17 Hock Lock Siew: Lesson in transparency from Indocement, Pg 4
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      Page 1 Advertisements Column 3
      65 1 salamander! 1 le Agent WONG BROTHERS SHOE 1 TEL: 2633 &43 i, k H <. »jffiaK V *-'Vfc> *&&l£iß s />' v,'. v <vs,V •jfi ->",C > l r >. -r v |s4»S a. testoni" BOLOGNA ITALIA v«j AT A. TESTONI BOUTIQUES #01-15/16 Hilton Hotel Shopping Gallery Tel: *****55 #01-10
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  • PAGE 2 NEWS
    • SINGAPORE ROUNDUP
      • Article
        DHL apologises to PM Goh
        119 2 DHL HAS WITHDRAWN an advertisement which featured a photograph of Prime Minister Goh Chok Tong and has apologised to him. The Prime Minister's Office (PMO) said yesterday it had earlier written to DHL, saying the use of Mr Goh's photograph as "one of the elements
        119 words
      • Article
        Chinese team visits Singapore
        104 2 THE VICE-PREMIER of China's State Council, Yao Yilin, arrives in Singapore today for a four-day official visit at the invitation of Deputy Prime Minister and Minister of Trade and Industry Lee Hsien Loong. Mr Yao will call on President Wee Kim Wee, Prime Minister Goh Chok
        104 words
      • Article
        Outstanding Manager award
        48 2 SINGAPORE BUSINESS magazine and PA Consulting Group have awarded this year's Singapore Business Outstanding Manager Award to Melvin Ang of Minolta Singapore Pte Ltd. Mr Ang, 28, has won a trip to the United Kingdom with British Airways to attend a three-week management development programme.
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    • Article
      Learn to tell good venture capitalists from bad: expert
      186 2 SINGAPORE Businessmen had to learn to distinguish between good and bad venture capitalists, an international business consultant told a conference yesterday. Liora Katzenstein, owner and general manager of Isra-el-based Forum International, said good venture capitalists helped businesses expand in terms of
      186 words
    • Article, Illustration
      Cold Storage takes control of big Thai ice-cream maker
      460 2  -  By Sylvia Wong SINGAPORE Underlining its plans to expand rapidly, Cold Storage Holdings Ltd (CSH) has taken control of Thailand's second largest ice-cream manufacturer, Chom Thana Co Ltd. It also announced plans to increase its retail turnover in Singapore by 60
      460 words
    • Article
      Lock icon Dragons' deficit with Japan widens
      143 2 AFP SEOUL Asia's four newlyindustrialising economies (NIEs) face a ballooning trade deficit with Japan despite their efforts to curb the trend, the Korea Foreign Trade Association (KFTA) said yesterday. Exports to Japan by the four "dragons" Hongkong, Singapore, Taiwan and South Korea decreased by 2.4
      AFP  -  143 words
    • Article, Illustration
      Apple and ISS set up S$16m research centre
      315 2  -  By Claire Leow SINGAPORE Apple Computer of the United States has set up a US$lO million (Ssl6 million) research centre with the Institute of Systems Science (ISS) to work on two key technologies voice and handwriting recognition for Asian languages. When these
      315 words
    • Article
      TDB in venture to sell S'pore jewellery in Taiwan
      320 2  -  By Schutz Lee SINGAPORE The Trade Development Board (TDB), through a subsidiary of its investment arm TDB Holdings, has entered into a joint venture in Taiwan to sell made-in-Singapore jewellery to the increasingly affluent Taiwanese. On Tuesday, TDB Holdings' S*pore International
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    • Article
      Two China funds launched despite Shenzhen setback
      444 3  -  But managers' views on mainland equities differ From Catherine Ong in HONGKONG TWO NEW China funds are raising over US$75 million (S$ 120.7 million) for investments in the mainland despite the shares stampede in Shenzhen and the collapse of the Shanghai stock market.
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    • Article
      Lock icon N American, Asian scientists produce new kit to clean soil
      488 3 AFP SAN FRANCISCO Scientists from the United States and Canada are joining Asian investors to produce a relatively simple and inexpensive kit that employs micro-organ-isms to clean and refertilise contaminated soil. The kit uses a technique known as "bioremediation" that
      AFP  -  488 words
    • Article
      Lock icon More firms in Japan crippled by bleak economy
      283 3 Reuter TOKYO Dismal business conditions continued to cripple Japanese companies in July, when a growing number of firms went under and left behind large debts, the Tokyo Commerce and Industry Research Co said in a report yesterday. Debts left behind by bankrupt
      Reuter  -  283 words
    • Article
      Lock icon Japan policy makers to stock market: sink or swim
      364 3 Finance Ministry sits tight as Nikkei slides Reuter TOKYO The days when Japanese authorities could stop a fall on the Tokyo stock market by raising an eyebrow at the big institutional buyers are long gone. Nowadays the policy in the Ministry
      Reuter  -  364 words
    • Article, Illustration
      S'pore automation maker gets ready for overseas expansion
      314 3  -  By Helen Chang SINGPAORE Local automation maker Hong Guan Technologies (Pte) Ltd has been laying the groundwark for expansion overseas. The company has set up a network of distributors and agents in the region, including an office in Malaysia. It would like
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      119 2 For a free If you've always thought that dining at The New Orleans was a unique Brunch at experience, we've just made it an unforgettable one. Because from The New Orleans 15 August to 15 September' 92, you can delight in our Sunday Jazz brunch just show us absolutely free.
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      Page 2 Advertisements Column 2
      462 2 BUSINESS TIMES Toll tree Tel No 737 0043 Fax No: 734 3698 iEi LUM CHANG HOLDINGS LIMITED (Incorporated In the Republic of Singapore) NOTICE OF MEETING OF TRANSFERABLE SUBSCRIPTION RIGHTS HOLDERS NOTICE IS HEREBY GIVEN that a Meeting of the Transferable Subscription Rights (TSRs") Holders of Lum Chang Holdings Limited
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      166 3 The Bottom Line, Back Pg 1842-1992 wW VI i«. W— iL«H i/aafc i\ fiW I 1 j Lti Ukl fc, mv SH "/"> V,-" 4 »-i'* «T«?. >i sk N <" i .-is<■*:■■£'■ v '•>? *"s*</; >*£ W *"'y'?" < iA 1992 marks 150 years of racing in Singapore. To
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      Page 3 Advertisements Column 2
      171 3 The 1881 Collection jw m v "4■-0 -'-imm pi <1 a -^sH :J Mr wM \W\'~ iW MOVADO *^±&o^[^Jwjtiljjk> CALCMOOMATtC /> ic ,e ft /6JrSA B BPBj Jr fl Itl* InSWte Calendomatic Ref. 40 B1 880 7/815 The result of decades of Movado's technological ingenuity. The variety of models in
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  • COMPANY NEWS 1
    • Article
      OUB posts 20pc profit jump, makes rights issue
      389 4  -  By Quak Hiang Whai SINGAPORE Overseas Union Bank Ltd surprised analysts yesterday with an impressive 20.4 per cent jump in net earnings for the first six months and a rights issue which will raise up to about $260 million for expansion. Boosted
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    • Article
      Hong Leong's net earnings boosted by 37pc to $17m
      165 4 SINGAPORE Property sales and strong growth in loans boosted Hong Leong Finance Ltd's bottom-line by 37 per cent to $17.47 million for the six months to June 30. At company level, net earnings rose 34.9 per cent to $15.3 million, compared
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    • Article
      Participants raised profit level in July
      325 4 DBS CHARITY SINGAPORE The DBS Charity Investment Race ended its third month of competition with the top eight teams reporting a combined profit of $646,346, up from $620,786 in the previous month. But six teams are now in the red, with losses totalling $334,484.
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    • COMPANY BRIEFS
      • Article
        Olympia confirms BT report on acquisition
        108 4 KUALA LUMPUR Olympia Industries Bhd yesterday announced that it has agreed to acquire Lotteries Corporation (Sabah) Sdn Bhd from Mycom Bhd for Mss2o million (*****.8 million), confirming a Business Times article on Tuesday. The purchase would be satisfied by the issue of 346.67 million
        108 words
      • Article
        Hai Sun Hup's bonus issue
        30 4 SINGAPORE Hai Sun Hup yesterday announced that it has received shareholders' approval for a proposed bonus issue involving a maximum of 48.6 million 20-cent shares.
        30 words
      • Article
        New Inno-Pac director
        26 4 SINGAPORE Inno-Pacific Holdings has appointed Ong Chin Chye, who is currently a director of Innovest Berhad, as its non-executive director with immediate effect.
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      • Article
        Vimas paid-up capital is US$30m
        69 4 KUALA LUMPUR Faber Group Bhd says the paid-up capital of Vimas, the joint venture company formed between Faber Labuan Sdn Bhd and Hotay Production Services Company, is US$3O million (5548.3 million), while the total amount of investment by Faber Labuan is US$2l million, which would
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      • Article
        San Teh's new audit member
        35 4 SINGAPORE San Teh Ltd yesterday announced that Sugimoto Kenshi, currently a non-executive director with the group, has been appointed a member of its audit committee with effect from Aug 7.
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      • Article
        Autoways' group profit down
        71 4 KUALA LUMPUR Autoways Holdings Bhd has reported a 12.2-per-cent drop in its group pre-tax profit to M 51.14 for the six months ended June 30, 1992, from M 51.30 million in the same period previously. But group turnover rose 11.5 per cent to M$ 10.40 million
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    • Article
      OUE chalks up 35pc rise in profits
      275 4  -  By Lilian Ang SINGAPORE Overseas Union Enterprise (OUE), the hotel and property arm of the Overseas Union Bank group, has chalked up net earnings of $12.38 million for the half-year ended June 30, '992 up 35 per cent over the same period in
      275 words
    • Article, Illustration
      Sembawang Engineering plans to go public in 3-5 years' time
      316 4  -  By Rahita Elias SINGAPORE Sembawang Engineering, a subsidiary of listed Sembawang Shipyard, aims to obtain a public listing itself within three to five years. This was disclosed in the group's newsletter Sembawang Group News, which profiled Sembawang Engineering's new chief
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    • Article
      Clipsal Industries' share offer over-subscribed 5 times
      244 4 SINGAPORE Clipsal Industries Holdings' public share offer has been oversubscribed by five times, a reasonably good response in view of the current depressed market sentiment. However, the response did not match that of its sister company, GP Batteries International, whose share offer early
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    • Article
      Indocement's US$1b acquisitions: a lesson in transparency
      789 4  -  THE HOCK LOCK SIEW COLUMN By Maggie Ford JAKARTA When FT Indocement, Indonesia's largest listed company, recently decided to take over three affiliates in a transaction worth US$l billion, the company was well aware that the acquisition was likely to raise eyebrows. Major
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    • COMPANY BRIEFS
      • Article
        4 Viet firms reject privatisation
        65 6 HANOI Four of seven Vietnamese state-owned companies selected for limited privatisation have asked to be removed from the pilot project, an official newspaper reported. The Southern detergent factory. Thong Nhat match factory, Hai Hung materials supply company and Long Binh sawmill gave different reasons for
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      • Article
        Thai MNC copper plant soon
        67 6 BANGKOK A new multinational copper-producing joint venture has been set up in Thailand to meet growing domestic demand, an official from the Thai company involved said yesterday. Thailand's Padaeng Industry Company will be joined by Japan's Mitsubishi Materials Corp, Mitsui Co and Mitsubishi Corp; Australia's
        67 words
      • Article
        Thai oil authority's baht bond
        44 6 BANGKOK State-owned Petroleum Authority of Thailand (PTT) yesterday launched a new 1.84 billion baht, eight-year bond to raise funds to repay its local and foreign debts. P IT said its new bond carries an 8.88-per-cent annual coupon payable semi-annually.
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      • Article
        Oki-Catalyst IC production starts
        35 6 TOKYO Oki Electric Industry Co said yesterday it had begun joint production of two types of flash memories, the next generation of integrated circuits, with Catalyst Semiconductor Corp of the US.
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    • Article
      DBS Asset Management takes over unit trust fund
      234 6 SINGAPORE DBS Asset Management has taken over the management of another unit trust fund as part of the DBS Group's rationalisation exercise. VV Giri, senior manager at DBS Asset Management, said: "We have been handling venture capital and unit trust funds for
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    • Article
      Tan Chong surprises with 46pc fall in earnings
      398 6  -  By Dexter Lee SINGAPORE Reeling from the Malaysian government's measures to curb consumer spending. Tan Chong Motor Holdings Bhd has reported a 46 per cent fall in interim group earnings to M544.1l million (5528.4 million). This works out to earnings of 6.6
      398 words
    • Article
      Lock icon Eastacres seeking backdoor KLSE listing
      432 6 Negotiations on reverse takeover being held Bernama PETALING JAYA Eastacres Development Sdn Bhd has started negotiations with several public listed companies for a reverse takeover to enable the Malaysian recreation supermart specialist to be listed on the main board of the Kuala Lumpur Stock Exchange.
      Bernama  -  432 words
    • Article
      Investors snap up shares of Manila broadcaster
      378 6  -  From Al Labita in MANILA PHILIPPINE investors have homed in on shares in the country's biggest broadcaster, ABS-CBN, after it reported a huge increase in first-half profit. After-tax income soared 92 per cent to 194.3 million pesos (S$ 12.02 million), from just 97.5
      378 words
    • Article
      Microsoft cracks major software piracy ring
      345 7  -  By Joseph Rajendran SINGAPORE American computer giant Microsoft said yesterday it had cracked a major software piracy ring operating in China, Hongkong and Taiwan. It also said it had terminated a deal with a Singapore company to reproduce and distribute its software. Microsoft, which
      345 words
    • Article, Illustration
      Lock icon Hanson breaks off talks over O&Y's Canary Wharf project
      506 7 Reuter LONDON Anglo-Ameri-can conglomerate Hanson pic said yesterday it had broken off talks with administrators over Olympia York's Canary Wharf London office project which sought protection from its creditors in May. The decision leaves only one offer on the table for
      Reuter  -  506 words
    • Article
      Lock icon Setback springs up in Nestle's bid for Perrier
      254 7 FT BRUSSELS The deal struck last month between Nestle and the European Commission permitting the Swiss food group to acquire Perrier has been shaken by the discovery that the French mineral water company does not own at least one of the eight
      FT  -  254 words
    • Article
      Lock icon Tandem opens its first Latin American unit in Brazil
      262 7 Bloomberg CUPERTINO, California Tandem Computers Inc, the world's biggest player in the US$27 billion (5543.5 billion) market for on-line transaction-processing computers, said on Wednesday that it opened a subsidiary in Brazil, its first fully-owned unit in Latin America. The maker of
      Bloomberg  -  262 words
    • Article
      Lock icon Maxwell revamp to be completed in October; judge queries fees
      460 7 Reuter NEW YORK A reorganisation plan for Maxwell Communication Corp pic, the media empire that is under bankruptcy court administration, should be completed by Oct 13, a lawyer for the company's administrators said on Wednesday. US Bankruptcy Court Judge Tina
      Reuter  -  460 words
    • COMPANY BRIEFS
      • Article
        Marlboro brand name worth US$31.2b: report
        107 7 NEW YORK Marlboro is the world's most valuable brand name, worth US$3l.2 billion (5550.2 billion), according to an article in a coming issue of Financial World magazine that places market values on famous brands and corporate logos. After Marlboro, the Philip Morris cigarette that
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      • Article
        KLM net profits plunge 72pc
        50 7 AMSTERDAM KLM Royal Dutch Airlines yesterday reported a 72 per cent drop in net profits in the first quarter of 1992/93 ending June 30. It said first-quarter net profits fell to 38.4 million guilders (5537.2 million) from 135.9 million in the same period last year.
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      • Article
        Elf's first-half sales up
        54 7 PARIS French state-owned oil company Societe Nationale Elf Aquitaine had first-half consolidated sales of 98.86 billion French francs (Ss32 billion), up from 92.73 billion francs in the year-earlier period. The company said yesterday that sales in the second quarter totalled 49.30 billion francs, up from 44.53
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      • Article
        Higher sales for Thomson-CSF
        49 7 PARIS Thomson-CSF had first-half consolidated sales of 14.76 billion French francs (Ss4.B billion), up from 16.50 billion francs a year earlier. The French defence electronics company said consolidated sales in the second quarter totalled 8.82 billion francs, down from 8.9S billion in the year-earlier quarter.
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      • Article
        Allied-Lyons launches bonds
        55 7 LONDON The British Allied-Lyons food group launched an issue of five-year Euro bonds to raise US$l5O million (*****.5 million) to retire short-term debt on Wednesday. The bonds, issued through Allied-Lyons Finance BV, carried interest of 6.5 per cent and were pitched to yield 0.95 points more than
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      • Article
        Ajinomoto's anti-Aids drug plan
        55 7 TOKYO Ajinomoto Co Inc aims to get permission to sell a curdlan sulphate-based anti-Aids drug in the US in three years, a spokesman for the major Japanese food processing firm said yesterday. Ajinomoto plans to start clinical testing in October in the US. The tests would
        55 words
      • Article
        Iran may take Hyundai to court
        96 7 SEOUL Iran has notified South Korea's Hyundai Engineering and Construction Co Ltd that it may finally take to court a 13-year-old dispute stretching back to before the fall of the Shah, a Hyundai spokesman said on Wednesday. Hyundai Engineering, part of the Hyundai Group,
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      224 4 IN THE MARKET PAGES I Thai stocks rise 25 Aussie data rescue stocks 27 o! 1 Patent J to be explored, developed and J 3 at \ssf• 2 CHINA PATENT AND INNOVATION 1 PRODUCTS EXHIBITION 92 V held concurrently with, Af INTERNATIONAL DESIGN, INVENTION, PATENTED PRODUCTS EXHIBITION 92 9 19th
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  • Page 5 Advertisements
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      331 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
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      152 6 r 1) fo Complement The Finest Cantonese Cuisine, This is Our First Test. Not too hot. Not too cold. Not thick. Not too thin. Just lukewarm, and the right consistency to bring out the best H fragrances H J That's service you've come to expect from us. Impeccable standards upheld
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      Page 6 Advertisements Column 2
      172 6 3 'A Conference On Enterprise Development i KEYNOTE ADDRESS BY 1 BG Lee Hsien Loong, i I i Deputy Prime Minister and Minister for k kllii a Trade and Industry ISSUES WHICH MATTER MOST TO BUSINESSMEN f W I Key Success Factors for Business Development. New Directions in Corporate Networking.
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      193 7 QOMND CrMttvi Tnhnotogy ltd I (7 AyvßijinCrtMcartMß-ia Support OSI3 H T* 773 0233 Fee 773 0353 showrooms V° u think Multimedia 'S just for kids... think again! Creative's Furv Cnirt K4-38 H: 338 2841 new Multimedia Upgrade Kit (Business Pack) is designed to Sim LimSqutra M 5-35 t« *****68 bring
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      Page 7 Advertisements Column 2
      144 7 W/ M The Tourbillon Watch in 18 Karat Gold This is the unique Tourbillon watch certified by the Swiss Official Chronometer Testing Authority (C.0.5.0 The production of this chronometer is an unprecedented technical feat for a wristwatch of this kind. It is confirmation of our devotion to the beauty and
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        BCCI compensation package for creditors
        76 8 LONDON Liquidators of the disgraced Bank of Credit and Commerce International(BCCl) said they have begun consultation with the bank's 50,000 worldwide creditors on a controversial compensation package. A Luxembourg court last month ordered liquidators to gather creditors' views on the compensation plan, backed by BCCI's
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      • Article
        Citibank tests customer centre
        88 8 SAN JUAN, Puerto Rico Citicorp's Citibank NA is testing a computerised customer centre in Puerto Rico that could allow the bank to expand its consumer presence to other countries without opening new branches, bank officials said. The centre, the first of its kind for Citibank, allows
        88 words
      • Article
        Nippon Housing Loan loss
        56 8 TOKYO Japan's biggest housing loan company is expected to post a net loss of more than 15 billion yen (S$ 192 million) in the six months to September, a report said yesterday. The Nippon Housing Loan Co Ltd's interest income would fall sharply, reflecting a prolonged
        56 words
      • Article
        Nissan Mutual Life closes office
        53 8 TOKYO Japan's Nissan Mutual Life Insurance Co Ltd closed its representative office in New York at the end of July as part of its move to cut operating costs, a company spokesman said yesterday. The office, established in October 1989, is also reducing the number
        53 words
    • Article, Illustration
      Lock icon S'pore foreign reserves up 19.6pc over 12 months
      367 8  -  Total of $60.5b can finance 6.5 months of imports By Soh Tiang Keng SINGAPORE The Republic's foreign reserves rose again in May to reach $60.5 billion, up from $59.3 billion in April. Though the May rise was marginal, the reserves of $60.5
      Source: MAS  -  367 words
    • Article
      Lock icon Asian nations may hold key to gold market
      422 8 Reuter TOKYO Central banks in Asia, reluctant to deal in what economist John Maynard Keynes called "the barbarous relic", are unlikely to tamper with their gold reserves anytime soon but dealers say that could change. Industry sources say there is potential for
      Reuter  -  422 words
    • Article
      Lock icon Hang Seng Bank forecasts 67pc rise in 1992 dividend
      303 8 Reuter HONGKONG Hang Seng Bank Ltd yesterday forecast it would pay a final dividend of not less than HKSI.I 1 per share, making a total 1992 dividend of at least HKSI.67. This would represent an increase of 67 per cent over
      Reuter  -  303 words
    • Article
      Lock icon Inquiry detects corruption in top Aussie businesses
      267 8 UPI SYDNEY Some of Australia's biggest banks and most respected financial institutions had been involved in corrupt practices to obtain confidential information from official files, an inquiry found on Wednesday. In his report on the unauthorised use of government information aAer a two-year
      UPI  -  267 words
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      Page 8 Advertisements Column 1
      983 8 W OVERSEAS UNION BANK LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Bank Limited wishes to announce:The Bank The Group Six Six Six Six Months Months Months Months to to to to 30-6-92 30-5-91 Increase 30-0-92 30-6-91 Increase SS'OOO SS'OOO SS'OOO SS'OOO 1.
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      Page 8 Advertisements Column 2
      399 8 w OVERSEAS UNION ENTERPRISE LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Enterprise Limited is pleased to announoe UNAUDfTED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1992 The Company Th« Group Six Six Six Six Months Months Months Months to to to
      399 words
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  • THE REGION
    • Article
      Cambodia may cancel approvals for some investments
      320 9  -  About 100 firms have not honoured commitments From Harish Mehta in PHNOM PENH ABOUT half of the 200 foreign companies which have been given in-principle approvals to invest in Cambodia have not honoured their commitments to invest in the country. Mr Ouk Chay,
      320 words
    • Article
      Lock icon New laws adopted to help raise revenue
      502 9 AFP PHNOM PENH The Phnom Penh National Assembly this week adopted a string of investment and financial laws that appear designed to raise revenue and fill gaps in Cambodia's new market economy. i The laws cover property ownership, foreign investment, tax revenue, economic
      AFP  -  502 words
    • Article, Illustration
      Lock icon KL plans new centre to draw convention business
      257 9 Bernama KUALA LUMPUR A new convention centre with a seating capacity for 6,000 will be built here next year to attract more international conventions to Malaysia, says the Minister of Culture, Arts and Tourism. Speaking after opening a "Meet In Malaysia" presentation
      Bernama  -  257 words
    • Article
      Lock icon HK manufacturers do better in second quarter: survey
      177 9 Reuter HONGKONG Most Hongkong manufacturers experienced an improvement in the second-quarter business climate against the first quarter of this year, according to a Census and Statistics Department survey. The department said yesterday that the improvement was due mainly to a seasonal increase
      Reuter  -  177 words
    • Article
      Lock icon Don't let debt problem block growth, Manila minister tells Senate
      318 9 Reuter MANILA The Philippines' debt burden must not be allowed to stand in the way of economic growth and the country's efforts to match the tiger economies of Asia, says a top government official. Finance Secretary Ramon del Rosario said
      Reuter  -  318 words
    • NOTE BOOK
      • Article
        China to cut import duty on KL palm oil
        102 9 KUALA LUMPUR China has agreed to reduce the import duties on Malaysian palm oil from 30 per cent to 20 per cent. Minister of International Trade and Industry Rafidah Aziz said on Wednesday. The reduction of the import duties on local
        102 words
      • Article, Illustration
        Taiwan keen on leasing Subic Bay
        46 9 TAIPEI The Philippines' Olongapo Mayor Richard Gordon (left) met Taiwan's Economics Minister Vincent Siew here yesterday to discuss the possibility of Taiwan leasing the former United States naval base Subic Bay. Mr Gordon was in Taiwan for a four-day visit.
        46 words
      • Article
        Dhaka no-confidence vote
        65 9 DHAKA The government of Prime Minister Khaleda Zia easily defeated a motion of no-confidence on Wednesday brought against it by seven opposition parties in Parliament. The motion, which accused the government of having failed to ensure security of life and property of the people, was defeated by
        65 words
      • Article
        Russia's anti-Viet radio station
        89 9 HANOI Vietnam criticised its former backer Moscow yesterday for allowing a dissident radio station to broadcast programmes reportedly advocating the overthrow of Hanoi's communist government. The foreign ministry said the station, Radio Irina, was eroding Vietnam's relations with Russia. "We consider the fact that Radio Irina
        89 words
      • Article
        PNG ex-minister's case dismissed
        64 9 PORT MORESBY A court here dismissed on Wednesday criminal charges against Papua New Guinea's former deputy prime minister Ted Diro. Mr Diro was charged with attempting to pervert the course of justice in 1988 by offering to support an opposition attempt to overthrow Prime Minister Paias
        64 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      189 9 njjflK j i faff ■^^■Hll| 111 ||j|i «^^^Bg' d I just had to have one: a Cassina Robie 3 sofa designed by Frank Lloyd Wright. Nothing else would do, and I knew where to get it: Pure Inspiration, of course. Just for fun, I had a look around. I was
      189 words
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      Page 9 Advertisements Column 2
      472 9 OVERSEAS UNION TRUST LIMITED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Overseas Union Trust Limited is pleased to announce: UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1992 Six Months Six Months Increase/ to 30-6-92 to 3Q-6-91 (Dtcr—w) Ssooo SiOOO Total Operating Revenue 16,498
      472 words
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  • THE WORLD
    • Article
      Lock icon Britain close to dropping balanced budget plan
      511 10 Maastricht Treaty's targets seen as more attainable FT LONDON The British government is close to dropping its commitment to balance the national budget over the economic cycle in favour of the less ambitious targets for fiscal deficits envisaged in the Maastricht accord on
      FT  -  511 words
    • Article, Illustration
      Lock icon China's 1.1b consumers lure advertisers
      607 10 Foreign agencies flocking for share in USslb-a-year industry Reuter BFIJING When China's first television commercial aired in 1979 a plug for Rado watches Chinese workers still dressed alike in Mao suits, and foreign-made sunglasses were the height of fashion, worn with the label stuck proudly
      Reuter  -  607 words
    • Article
      Lock icon US producer prices up skimpy 0.1pc in July
      206 10 NYT WASHINGTON Prices received by American producers for finished goods rose a skimpy one-tenth of one per cent in July, as the economy's weak recovery kept a tight rein on inflation, figures from the Labour Department showed on Wednesday. The price of
      NYT  -  206 words
    • Article
      Lock icon West overplaying Russia's reform problems: envoy
      249 10 Reuter WASHINGTON Russian ambassador Vladimir Lukin says the West overdramatises the ups and downs of his country's economic reforms and he suggests Moscow may shun the International Monetary Fund if it is not more flexible. In an interview earlier this week, he accused the
      Reuter  -  249 words
    • WORLD WATCH
      • Article
        Tokyo trade surplus up in July
        64 10 TOKYO Japan's huge trade surplus grew even bigger in July, surging to U559.24 billion (5514.9 billion), without being adjusted for seasonal factors, from US$6.6 billion in July 1991, the Finance Ministry said yesterday. Total exports rose to U5529.47 billion, up almost 11 per cent
        64 words
      • Article
        Canada housing construction up
        70 10 OTTAWA Canadian housing starts increased by 5 per cent in July, largely as a result of increased construction of low-income housing, Canadian government figures released on Tuesday showed. The figures, released by the Canada Mortgage and Housing Corporation, showed that single-de-tached units rose 4 per cent
        70 words
      • Article
        S Korea surplus with Taiwan up
        69 10 SEOUL South Korea posted a trade surplus of US$469 million with Taiwan during the first half of 1992, nearly five times the US$94 million surplus in the same period last year, the trade ministry said. An official said the main reason for the huge
        69 words
      • Article
        Mexican govt income down
        61 10 MEXICO CITY A slight downturn in the economy caused government income to drop 1.6 per cent during the first half of 1992 compared with the same period in 1991, the Mexico City financial daily El Financiero said on Tuesday. Finance officials blamed reduced tax collections and
        61 words
  • Page 10 Advertisements
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      1757 10 Toll-free Tel No 737 -0043 Fax No: 734- 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN (hat. I. W« Liang Aik of 357 Holland Road, Singapore 1027, have applied for a Public House First Class ticene in respect of premises at M/s Club 11 Pub Karaoke at 11 Mohamet! Sultan
      1,757 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      84 11 congratulates -f) on the opening of their new showroom. The new sensational range of Volkswagens are now on display. From the Golf VR6, Golf GL, Golf Cabriolet, Passat, Vento and Polo G4O, to the stylishly powerful Corrado G6O. Drop into Auto GTI today, and test drive a new VW! Auto
      84 words
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  • Article
    Time to act quickly on Afta
    484 12 EDITORIAL GIVEN the challenge posed by the proposed European Economic Area (EEA), it was a question of time before the United States, Canada and Mexico would set up the North American Free Trade Agreement (Nafta). The fact that it has happened so soon after
    484 words
  • WHAT THE OTHERS SAY
    • Article
      Please, do something
      292 12 AS THE genocide of Muslims in Bosnia continues, and as the United Nations considers armed intervention, the reasons against a massive military effort are being voiced loud and clcar. However, while grand military intervention may not be the answer, limited objectives are not impossible to achieve. Commentators
      292 words
    • Article
      Young professionals in Muis
      86 12 THE Islamic Religious Council or Muis has made a significant step forward by appointing young professionals to sit on the council. The move reflects very well Muis' desire to play a more effective role in helping Muslims achieve their aspirations. The expectations among Muslims towards Muis
      86 words
    • Article
      The Shenzhen share riot
      142 12 WHILST developing its stock market, China must recognise and uproot the problems that spring up along the way promptly. By the same token, it must arrest the many problems that this recent stock riot has exposed. The Chinese government has time and again warned people of
      142 words
  • REGIONAL VIEWPOINTS
    • Article
      Bright prospects for peace
      195 12 PEACE in the Middle East, the most elusive of world goals for decades, should move a little closer to reality when talks resume in the next few weeks. Seldom in recent history, in fact, have prospects been so bright for agreement among the longstanding enemies. US
      195 words
    • Article
      Last chance at democracy
      139 12 THAILAND now has all the requisites for making the upcoming general elections fair and clean. Such ideal conditions are unlikely to recur in our lifetime that is, Sept 13 will be our last chance to break the vicious circle of moneyed politics-corruption-coup and give selfless politicians
      139 words
    • Article
      Standing on its own feet
      190 12 ITS A SIGN of confidence in Tenaga Nasional that the government has moved to relinquish its role as guarantor for new loans to be taken by the privatised utility company. The Cabinet decision that the government will no longer finance future Tenaga projects is also
      190 words
  • Article, Illustration
    Lock icon Today's markets are like yesterday's lotteries
    862 12 Economists have repeatedly tested the idea that some investors choose shares more skilfully than others. Yet the tests suggest that stock-picking skill is either rare or non-existent The Economist WHEN the fiddling was over, Nero issued lottery tickets to pay for the rebuilding of
    The Economist  -  862 words
  • Page 12 Advertisements
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      327 12 THE WINNING EDGE BUSINESS |*HiSh i' J NFWS i- 1 -LJ T T U For over two decades Singapore Business has covered the local and regional business scene with more depth and breadth from a perspective which is more relevant to local businessmen than any other publication. Some may call
      327 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      53 12 DOONESBURY BY GARRY TRUDEAU UJHY HAVE IPUNNO I UJHENIUJAS >OU I HAP TIMEFOf\ Z\ r nr*fT fKAY CKAi voueeeu guezgkxj a morning qjpcf coffee i iuwrv? TRYING TO f&PP&eMA WASN'TPR£OCCUP€P. lUJAS gno^ »non STMAMJTtn GerlN TOUCH SIMPLER VMS... PRESENTFORMfCHILO RA&NQ rrafVT WAC, HER GAVE MYUFE TANGIBCS 50M£\ r/TFOn■ll IifPRK. ML
      53 words
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  • ANALYSIS
    • Article
      Sharing burden of German unification for the good of EC
      1178 13  -  Are there any better European 'public goods' to invest in than the preservation of the Bundesbank's credibility or the non-inflationary success of Germany s reunification? Gerard Vila reports Gerard Vila The writer is chairman and chief economic officer of economic
      1,178 words
    • Article, Illustration
      Trouble-shooter on Astra rescue mission
      1518 13  -  'Grand Ayatollah' Dr Sumitro was recently appointed chairman of Astra. Yang Razali Kassim looks at the reasons behind the move Yang Razali Kassim Indonesia's troubleshooting "Ayatollah" is on a come-back trail. Two decades after he first helped rescue a tottering economy left behind by President
      1,518 words
    • Article
      The man who shaped Indonesian economics
      624 13 SUMITRO Jojohadikusumo is quite an atypical Javanese. He has a soft spot for French literature and philosophy and can be rather blunt in upholding a contrarian view. The son of the founder of a bank, BNI 46, the 75-year-old professor's name has long been
      624 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      134 13 BU SI NESS TIMES Toil free Tel No 737 0043 *Fax No: 734 3698 ASAPW'92 An Exhibition of Australian and New Zealand Property Investments Opportunities Raine and Home, one of Asia and Australia's largest real estate networks, presents a wide range of commercial and investment property including retail, office and
      134 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      609 14 Nothing Beats A Bud. (E^ OF JW Penang High Tea Pcnang High Tea comes to be available every Saturday, Chye Tow Kueh, v' Glutinous Rice, 1 SJ *s m-V_i Kueh Pai Ti, CheeCheongFun, At only $11.80++ per Nonya Kueh, adult and $6.80+ per child, Bubur Hitam and inclusive of coffee/tea,
      609 words
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      Page 14 Advertisements Column 2
      317 14 WHERE TO WINE, DINE GOOD NEWS TRAVELS FAST! "teste authentic Shanghainese cuisine prepared by 5 flown-in master chefs. Dine on an irresistible and invitingly fresh menu that includes delicacies like Shanghai Dian Xin. Spiced Duck's Tongue. Sauteed Sliced Eel and Marinated Pig's Knuckles. Featured at Seafood Theatre Restaurant from 5-19
      317 words
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      Page 14 Advertisements Column 3
      357 14 AREA REA (PjW 'To experience the beauty and mystique of Tahiti, yV to 7/i< 'Belvedere. Vv. 2/irrr, a detectable spread of Tahitian specialities as well as the sensuous ftKfjf f/i Tamure dancers, beckon you. Come to the yJ* Tahiti 'Promotion and see the sAVff magic of island-living unfold before you.
      357 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      682 14 TELEVISION AND RADIO SBC" SBCB J MO iwr "««»•-Rah.mah BUSINESS ON RADIO T T CCIVdAvI. vlldUd 7.25 Pl* Opening followed by The S.SS PM Opening followed by Cold 10.00 World News (M). BBC, 88.9 mHz in WF Band II Nightly Business Report. trton < C) !?SSS o™ r.*H 7.05 am,
      682 words
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  • LIFESTYLE
    • Article, Illustration
      Asian roots
      512 15  -  The search for the quintessential Singapore dress is on again. Cheryl Liew lets you in on the quest. Cheryl Liew The annual search for the quintessential Singapore dress with or without orchids is on again. Fashion Connections Singapore, an annual three-day fashion extravaganza, will be held later this
      512 words
    • Article, Illustration
      Lock icon John Cage dies
      191 15 Obituary AFP, Reuter Avant-garde American composer John Cage, who revolutionised American music with off-beat compositions for prepared piano, died on Wednesday of a stroke. He was 79. Cage was at St Vincent's Hospital in Manhattan when he died. The Los Angeles-born Cage wrote his most popular work,
      AFP,; Reuter  -  191 words
    • Article, Illustration
      Celebrities reveal their kitchen delights
      454 15 CHATTERBOX HOW DO the stars stack up in the kitchen? Robin Leach, who became famous looking at Lifestyles of the Rich and Famous, tells the September issue of McCalls magazine that each celebrity seems to have his or her own recipe for culinary success. For
      454 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      208 15 AND ENTERTAIN SINGAPORE Cafe-in-the-Park goes local this month of August with a Singapore buffet spread that will tempt the most discerning tastebuds. from 1-31 August 1992 7.00 pm to 10.00 pm At $22.00+ per person ANA HOTEL For reservations please call SINGAPORE A 16 N»S*im H*. Singapore lOCS 732-1222 ext
      208 words
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      Page 15 Advertisements Column 2
      100 15 i, |<m 'W (SDI qA j 8 Assoned cold cuts J Steamed chicken fl S w/Broccoli VHHBHBHVHPHi s H IbmaSaa&per A S Red fish w/soya aan bean crumb 3 Hf^°f. ,18-< 5 Prawns in two 9 foe(»Mel«.tm*. C flavours g •£«NMdvtt*y J Pork nb w/sweet ice effect g sour in
      100 words
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      Page 15 Advertisements Column 3
      129 15 ELVIS PLACE miJXTON HILL) TAPS PUB (BOAT QUAY) EXCLUSIV 56 (BOAT QUAY) GE <1 IWm z 111 b<H A QUART BOTTLE OF G>fcUl*£i THE WORLD'S iff'* yc w 11 MOST POPULAR SINGLE MALT WHISKY > grw AND YOU TOO COULD END UP£*™*>7 OR Mil I A Q UART BOTTLE RICHER
      129 words
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  • FOCUS 1
    • Article
      Lock icon Canadian public unenthusiastic
      517 16 The Nafta package AP TOP CANADIAN government officials on Wednesday praised the North American Free Trade Treaty (Nafta) but it has scant little support among Canadians, who are fearful of losing their jobs. Many Canadians blame the existing three-year-old Canada-US free-trade agreement for the country's current economic
      AP  -  517 words
    • Article
      Lock icon Trade minister calls accord a prosperity deal
      323 16 Reuter CANADIAN Trade Minister Michael Wilson said the North American Free Trade Agreement is a "prosperity deal" which will provide jobs and make Canada more competitive. "Canadians should be confident that this agreement will eventually create more jobs and better jobs, will put
      Reuter  -  323 words
    • Article, Illustration
      Lock icon Environment groups warn of loopholes
      629 16 Reuter UNITED STATES Environmental Protection Agency head William Reilly will meet his Mexican and Canadian counterparts in Washington on Sep 17 to discuss the environmental impact of Nafta. US environmentalists argue the pact contains loopholes which endanger tough US air and water pollution standards, and
      Reuter; Sources: Commerce Department Statistics Canada, Organisation for Economic Cooperation and Development World Development Report 1992,EFTA; Chart IHT Graphics  -  629 words
    • Article, Illustration
      Lock icon Mexico stands to gain most from pact
      421 17 The Nafta package AP Mexico stands to gain the most from the proposed United States-Canada-Mexico free trade pact. Economists in Mexico City said the deal would make Mexico more attractive to foreign investors trying to enter the US market. A study by the
      AP  -  421 words
    • Article
      Lock icon Immediate effect on trade minor: analysts
      435 17 IHT THE immediate effect of the North American Free Trade Agreement is expected to be minor, analysts said on Wednesday, with Mexico likely to boost, its exports to its new free-trade partners by about US$2 billion (553.2 billion) a year over the next three
      IHT  -  435 words
    • Article
      Lock icon Mexico's cheap labour masks hidden costs
      261 17 Reuter MEXICO'S cheap labour has been viewed as a big attraction for US and Canadian firms in the proposed North American free trade zone, but experts say those advantages are growing elusive. Economists and businessmen say cheap labour is just one element in a
      Reuter  -  261 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      297 16 When you move in the right circles, the world's finest bodyguard protects you. You'd be hard pressed to find a luxury car services of Audi Care. Our unique cost pro ac nrntortivM a« the n«w Audi 1(M The reason? PHOCOH-TM QUATTHO A FUUY AUWCAAE teCtion Scheme. as protective as ine
      297 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      228 17 QUALITY TIME FOR OVER 160 YEARS. /i Baume Mercier **A H GENEVE *t**Cfc* J MM MAITRES HORLOGERS DEPUIS 1830 *f Vji I, BEYOND PERFECTION V -X. 7 1 v s\" <o^/ X b*—,-cp y Jt V-". W f Slngapor# Pts Ltd, Boutlqus and Ssrvlcs Contrs: #01 01 Mandann Shopping *v
      228 words
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  • SPORTS
    • SIDE LINES
      • Article
        Chelimo to clash with Skah at track meet
        111 18 COPENHAGEN Kenya's Richard Chelimo, gold medallist for just one night in the Olympic 10,000 metres, will take on controversial winner Khalid Skah of Morocco at a meeting here on Aug 25. Skah, disqualified after the race but reinstated the next day, will
        111 words
      • Article, Illustration
        Triple happiness
        44 18 JAKARTA Olympic singles badminton champions Susi Susanti (left) and Allan Budi Kusuma waving to the crowds lined up along the streets of the Indonesian capital to welcome them back. The champion shuttlers, who are sweethearts, won Indonesia's first ever Olympic gold medals.
        44 words
      • Article
        Maradona may quit — again
        92 18 Maradona may quit again BUENOS AIRES Diego Maradona said on Wednesday that he will quit professional soccer if Italian club Napoli does not accept his conditions to return to the sport after serving a 15-month ban. "If a solution does not come up by Friday I'll thank Fifa (and) Napoli
        92 words
      • Article
        Navratilova's looking strong
        95 18 MANHATTAN BEACH, California Second-seeded Martina Navratilova sported a new short hair style, but provided a familiar look in beating Alexia Dechaume 6-3 6-0 in the second round of the U*****,000 Virginia Slims of Los Angeles tournament on Wednesday. Navratilova overpowered her French foe with a strong serve
        95 words
      • Article
        Fixing bouts
        123 18 WASHINGTON A former high-ranking mobster turned informant told a Senate panel on Wednesday of the close ties between organised crime and professional boxing during hearings on corruption in the sport. Michael Franzese, a former "Capo" in New York's Colombo crime family, boasted the link was a "subject which
        123 words
    • Article, Illustration
      Lock icon Two leaders on opposite ends of the fairway
      790 18 NYT ST LOUIS, Missouri As the final major tournament of the year, the 74th PGA Championship, which began yesterday at the Bellerive Country Club, is most attractive as a battle between a select few to win the official stamp as the best
      NYT  -  790 words
    • Article
      Lock icon Nicklaus tests fading powers
      238 18 AP ST LOUIS, Missouri Fading Jack Nicklaus would like to reach back one more time and recapture the magic he found in the 1986 Masters. "Ceremonial" is a word being used these days about Nicldaus in major events outside the senior circuit. "I've played terrible this
      AP  -  238 words
    • Article
      Lock icon Ferrari waking up from its slumber
      406 18 Reuter LONDON Ferrari, the sleeping giant of Formula One, will celebrate its 500 th world championship Grand Prix at the Hungaroring this weekend. But the team, regarded as the most glamorous in the sport, is struggling to live up to its reputation and has
      Reuter  -  406 words
    • Article
      Lock icon Calling all big striders
      369 18 NYT NEW YORK Ten years after Fred Lebow predicted that a marathoner would break the two-hour barrier by the year 2000, the New York Road Runners' Club is putting its money where his mouth is. Lebow, the club president and the director of the New York
      NYT  -  369 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      106 18 Perfect Fob Those Who n Shi ee nhniicop. Perhaps that's why the world over, pros and golfers with a low handicap choose Reygrande Super golf balls. Its two piece construction and double-dimpled design provides long carries and offers effective high to mid trajectory against strong head winds. So remember to
      106 words
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      Page 18 Advertisements Column 2
      490 18 BUSINESS TIMES Toll free Tel No; 737 0043 -Fax No: 734- 3698 INNO-PACIFIC HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF MEETING OF TRANSFERABLE SUBSCRIPTION RIGHTS HOLDERS NOTICE IS HEREBY GIVEN that a Meeting of the Transferable Subscription Rights ("TSRs") Holders of Inno-Pacific Holdings Limited will be held
      490 words
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      Page 18 Advertisements Column 3
      84 18 I PERN I ficnrc I CL I I it I I The office environment says a lot about a company. I I Cater to companies making a statement for I I themselves Advertise in "MODERN OFFICE" I I a special advertising focus in The Straits Times I I Classified and
      84 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      320 19 11 il "fn I lm*- —i. I m IB I fPfw H 111 mM' p jttj Jwjß I jA jj||^>^«^.y W™lirjl TRX RIMS Where much sought after options are included as vice credit of $4,000 and a $4,000 service credit line standard features. It is the prestige of a priority
      320 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Bargain-hunting helps stocks turn around
      3834 20  -  By Sylvia Wong BARGAIN-hunting in the local stock market helped to lift the Straits Times Industrials Index by 8.53 points yesterday after a free-fall in the two previous days. The STII settled at 1,374.76 points yesterday after a high of 1,382.84. Other broader-based indices also
      3,834 words
    • Article, Illustration
      Lock icon HOT STOCK
      75 20  -  Anthony Pang AS PREDICTED on July 8, Wing Tai headed for $1.60 after its price broke below the 9-day Moving Average. There it found some support but strong selling has since pushed it lower. At yesterday's close of $1.50, the price is now sitting precariously on the trend
      SOURCE: BRIDGE INFO  -  75 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      58 20 Singapore: THE HOUR GLASS Lucky Plaza Tel. *****20/1 ScoltsTel. *****27/7198 Centrepoint Tel. *****98/603* Peninsula Plaza Tel. *****09/*****63 Jj£ E Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 Indonesia: THE HOUR GLASS (Licensee) Plaza Indonesia. Jakarta Tel. 21-*****6/*****1 Malaysia: THE HOUR GLASS Lot 10 Centre, Kuala Lumpur Tel. 03-*****20/932 If Yow Chuan
      58 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3265 22 M Banking 560 +5 +0.9% UMW 293 +5 +1.7% M Mosaics 85 +3Vj +4.3% Mulpha Intl 50* 31 +2Vj +8 8% D&C Bank 50* 127 +2 +1 6% Esso 50» 418 +2 +0.5% H Leong Ind 50« 486 2 0.4% Pub Bk Foreign 138 +2
    3,265 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      568 22 EiUSINESSTIM^ES Toll free Tel No 737 0043 Fax No: 734 3608 IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE Companies Winding Up No. 149 of 1992 In the matter at the Coaptaiei Act, Chapter SO, Revised Edition 1990 And In the matter oT GROUP PROPERTY SERVICES PTE. LTD. NOTICE
      568 words
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      Page 22 Advertisements Column 2
      343 22 I IN THE MATTER OF THE COMPANIES ACT, CHAPTER SO SPECIALITY MOUSTIVAL PRODUCTS PTE LTD. (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS NOTICE IS HEREBY GIVEN thtf at Ml Extraordinary General Meeting of Members of SPECIALITY INDUSTRIAL PRODUCTS PTE. LTD. duly convened and held rt 4158 .Man Besar, Singapore 0820
      343 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares end lower on futher liquidation
      5401 23 Bernama SHARE prices here extended their losses across the board yesterday on further liquidation in the market, stifled by the absence of fresh factors and uncertainties overseas. The KLSE Composite Index was down 2.39 points at 592.18, the Industrial Index lost 8.08 points to
      Bernama  -  5,401 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      191 24 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend (000) (cents) Metalock Aug 12 Mar 92 S4 479($S 048) 18 7(21) 10(10) M Credit Aug 7 Mar 92 $15,285(114 284) 4 8(4 6) 6 25(5) Polytek Aug 5 Mar 92 $499L($15) 15TE(3TE)
      191 words
    • Article
      PRELIMINARY RESULTS
      153 24 Company Date Year Group pre-tax Met earnings Gross ann to profit/loss (L) per share dividend COOO) (cents) Kamunting Aug 7 Mar 92 MJ41.394($21.011) 29(13) 1(1.5) M Plantations Aug 7 Mar 92 MJ3118Lg($3 598) -(2) 1(1) Malayawata Aug 4 Mar 92 M$51.473(S51 065) 37 8(37 5) 15TE(7 5TE) Beriaya
      153 words
    • Article
      INTERIM RESULTS
      381 24 Company Oat* Half-year Group pre-tax Interim ann to profit/loss (L) dividend COOO) H Plaza Aug 12 Jun 92 *9.719(57,850) SAL Aug 12 Jun 92 *4.527(13,552) UOL Aug 12 Jun 92 524.615(28.889) Keppel Corpn Aug 12 )un 92 5131,205(5122.825) Goldtron Aug 11 Jun 92 59.565(58 384 8TE(—) Keppel Finance
      381 words
    • Article
      RESULTS FORECAST
      184 24 MM Last Fri Year Forecast Bate Net Net Prait EPS mm4 Tear EPS Cress pralt lage tmmi Peried last jr eating (ets) *r 000) (S$a) (cts) Ceatrepeart F Aug 12 Jun 92 50 58 13.550 13.4-14 5 5.0-5 4 m I Aug 12 Dec 92 29 2 11.0
      184 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      990 24 Trans Kt|ISi6r60 Substantial Buy/ No. of Amowit H*f Stock Date Holder Shareholder/Director Sou shares DVIW Alter NatSteel 07/08/92 COPt: DBS Securities DBS Bank B 16.000 49,329 39.637.698 1864 39.653.698 1865 DBS Land 07/08/92 Street Names MHO Holdings (Pte) Ltd B 40.000 83.343 286.810.000 44 30 286.850.000 44
      990 words
    • Article
      OTHER RESULTS DUE
      670 24 Mm Soanl list Te* Cooporr PeriM Date Taa EPS Cress «at Mtrnd eMag (cte) i* »nil last jaa (SV»M) EMS Final No* 6 W 91 30TE 17.878L kmc* Interim Aug 6 Dec 92 190 10 0 37.607 G Secant*! Interim Aug 7 Oec 92 2 0 100
      670 words
    • Article
      DIVIDENDS ANNOUNCED
      576 24 Current Ex Books Date Total for Total lor payment data dose payable t* 1—r last year Mei Hdgi 50c 6*(b) Aug 26 Sep 7 Sep 24 6* 6* Amcd 25c 10* Aug 21 Aug 27 Sep 10 10* 1« An Px Id 50c 2*(b) Jul 23 Aug 6
      576 words
    • Article
      CORPORATE DEVELOPMENTS
      910 24 Aug 12 Nndorf Computer (Malaysia) Sdn Bhd has won a M 558.7 million contract to supply, set up and implement a computerised customer information and billing system for Tenaga Nasional Bhd. Kumpulan Guthrie Bhd s wholly-owned subsidiary, Guthrie Industries Malaysia Sdn Bhd, has sold its 800,000 ordinary shares
      910 words
    • Article
      APPROVED ISSUES
      198 24 Company Rights Issue OUT One-kx two $1.50 per share Ex-date Aug 19 Books dose Aug 29 Acceptance t Payment NYA Company Bonus Issue Amcd Onefor three Ex-date Aug 21 Books dose Aug 27 Ha Sui ftp Onefor four Ex-date Aug 17 Books dose Aug 21 H* Sui Hlo
      198 words
    • Article
      PROPOSED ISSUES
      516 24 Company Rights Issue Aianct Ttd» One-tor one <a, $100 per share Aral Sled One tor-three MJ2 20 per share Issue of *****m 50% Cumulative Redeemable Preference shares of 10 sen each 1992/97 (CRPS) with up to *****m Transferable Subscription Rights (TSR) for an aggregate pnce of MSI per
      516 words
    • Article
      COMPANY MEETINGS
      316 24 Piecon Engineering Bhd: 15th AGM at the Johore Room, Lower Lobby, Shangri-la Hotel, 11 Jin Sultan Ismail, ***** Kuala Lumpur, on Friday, August 14, at 10.30 am CK Tang Ltd: 32nd AGM at Registered Office. 310 320 Orchard Road, Singapore 0923, on Saturday, August 15, at 11.00 am
      316 words
    • Article
      SCRIPLESS CONVERSIONS
      175 24 Conversion Special Trdg Scripless Conversion deadline Period Trading Company starts (IDP) (ST) starts Amcol Jul 17 Aug 13 Jul 31 Aug 13 Aug 14 ANA Hotels Jul 31 Aug 27 Aug 17 Aug 27 Aug 28 BAT Sep 14 Oct 8 Sep 28 Oct 8 Oct 9 Harimau
      175 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      366 24 In local curr In S$ In US$ dy >t dy yr dy yr Aug 12 Index chge chge chge chge chge chge World 365.4 -0.1-10.5 -0.2 -10.9 -0.1-10.3 $EAFE 411.0 -0.5 -18.2 -0.3 -17.9 -0.3 -17.4 Europe 387.9 -0.3 -5.7 0.0 -3.0 0.0 -2.4 Pacific
      366 words
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  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Shenzhen 'A' shares fall on riot aftermath worries
      359 25 Reuter 'A' SHARES for Chinese citizens fell on the southern Shenzhen exchange yesterday on worries over the anti-cor-ruption riots earlier this week, Hongkong brokers said. The Credit Lyonnais Shenzhen A Index fell 3.05 per cent to 2,543 points. Shanghai 'A' shares, however,
      Reuter  -  359 words
  • JAKARTA STOCK EXCHANGE
    • Article
      Lock icon Heavy selling of bank shares sends stocks lower
      929 25 Reuter SHARE prices closed lower yesterday on heavy selling in bank shares, brokers said. "There is heavy selling in bank shares, pushing prices down," a broker said. Another broker said he had expected heavy trading in the shares after Finance Minister Johannes
      Reuter  -  929 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Stocks break 3-day losing streak
      1681 25 Reuter SHARE prices ended mixed yesterday with the stock index finishing slightly higher after three days of losses in a row, brokers said. The SET Index gained 1.42 points to 756.26 on a turnover of 5.84 billion baht. The index has lost 12.64 points since
      Reuter; Source: Bridge Info  -  1,681 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei down slightly in thin trade
      2590 26 Reuter THE 225-share Nikkei Average closed down 5.62 points or 0.04 per cent to 14,768.17, a new 77-month low. August options expiry fuelled late volatility in the market, and trade remained very thin with most investors away for the Japanese summer holiday season, brokers
      Reuter  -  2,590 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Govt probe of Allied sends shares lower
      2555 26 Reuter SHARES finished modestly lower in narrow trade yesterday. Investor sentiment was held back by the government's investigation of the Allied Group and related companies. The blue-chip Hang Seng Index eased 22.08 points to close at 5,857.11. The broader All Ordinaries Index shed
      Reuter  -  2,555 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Growth data rescue stocks from major slide
      2093 27 Reuter FIGURES showing gross domestic product rose 0.6 per cent in the June quarter saved Australian shares from a major slide yesterday as the local dollar stayed under pressure. But the market still closed slightly down on the day. "It's the fourth consecutive
      Reuter  -  2,093 words
  • REGIONAL STOCK MARKETS
    • Taiwan shares end at new 19-month low
      • Article
        TAIPEI
        485 27 STOCKS wavered narrowly to finish at a new 19-month low yesterday as gloomy sentiment deterred investors from bargain-hunting, brokers said. The Weighted Index ended 8.27 points lower at 3,893.34. Turnover fell to a very thin NTS 17.5 billion from NT$2l billion. i Brokers said major market players buying in
        485 words
      • Article
        MANILA
        589 27 SHARE prices closed stronger for the second straight day yesterday, reflecting investor optimism after the government's lifting of foreign exchange controls. The strong performance of Philippine Long Distance Telephone Co in New York also boosted sentiment, brokers said. The Manila Stock Exchange Composite Index rose 20.21 points to close
        589 words
      • Article
        SEOUL
        783 27 STOCKS ended easier in thin trading yesterday as pessimism deepened over rumours that Hyundai Group companies would post lacklustre first-half results today, brokers said. The Hyundai results will be included in a blanket report by the Korea Listed Companies' Association, which will release first-half figures of some 200 companies.
        783 words
      • Article
        NEW ZEALAND
        301 27 BEARISH overseas sentiment continued to filter through to the share market yesterday, fueling persistent weakness in some leaders and allowing it to drift lower at close. Brokers said nervousness among overseas investors had inflamed earn- ings worries about Fletcher Challenge, down 12 cents to NZ52.52, and Brierley, down
        301 words
      • Article
        BOMBAY
        39 27 The Bombay Stock Exchange was closed for a Hindu holiday yesterday. Trading resumes today. The Bombay Stock Exchange Index ended 14.59 points down on Wednesday at 2,678.83, after opening at 2,638.05. The National Index lost 3.69 to 1,197.29.
        39 words
      • Article
        Untitled
        49 27 CWmc Previous Aug 13 NEW ZEALAND NZSE-40 Capital 1.494.17 1.496.57 -2.40 MANILA Composite Index 1.491.46 1,471.25 20.21 Turnover (mil pesos) 289.8 275 +14.8 TAIPEI Weighted Price Index 3,893.34 3,901.61 -8.27 Turnover (NTS billion) 17.5 21 -3.5 SEOUL Composite Stock Index 488.25 492.66 -4.41 Turnover (billion won) 105.34 90.38 +14.96
        49 words
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  • WORLD STOCK MARKETS
    • Weak bond prices pull down US stocks
      • Article
        Untitled
        238 28 Aug 12 (low hrtiow NEW YORK Dow Junes 3.320.83 3.331.10 -10.27 S&P500 417.78 418 90 -1.12 Turnover (million) 177.0 173.9 +3.1 LONDON Financial Times 30 1.715.3 1.723.5 -8.2 FTSt 100 2.303.1 2.309.6 -6.5 Turnover (million) 406 563.9 -157.9 FRANKFURT DAX Index 1.553.01 1.564.60 -11.59 AMSTERDAM F.OF. Index 281.77 283 48
        238 words
      • Article, Illustration
        NEW YORK
        1258 28 STOCKS retreated for the second straight day on Wednesday in quiet trading, pulled down by weak bond prices and computer-driven sell programs. The Dow Jones Industrial Average, which fell 6.48 points on Tuesday, slid another 10.27 points to 3,320.83. Among the broad gauges, the New York Stock Exchange
        1,258 words
      • Article, Illustration
        LONDON
        619 28 SHARE prices weakened again in trading here on Wednesday, closing at their lowest level since the Gulf War in February 1991. In the seventh successive trading day of losses, the FTSE Index of 100 leading shares was down 6.5 points at the close to stand at 2,303.1. The smaller
        619 words
      • Article
        FRANKFURT
        510 28 THE DAX Index of 30 leading shares posted its fourth double-digit fall in a row on Wednesday, but the pace of the losses was slower compared with slides seen earlier this week. After a barely changed opening, the index had eased around 11 points by mid-session. A brief rebound
        510 words
      • Article
        AMSTERDAM
        246 28 SHARES extended losses in moderate afternoon trade on Wednesday amid persistent worries over the soft US dollar, the sluggish economy and a weak corporate outlook. "If the US dollar remains structurally low, one can conclude that profit margins at Dutch companies will be under pressure for a longer time,"
        246 words
      • Article
        PARIS
        168 28 THE CAC-40 Index of leading French shares finished within a whisker of its 1992 closing low, as the bourse got the blues about earnings downgrades and fretted over flashpoints in Iraq and exYugoslavia, dealers said. The index finished 7.75 points or 0.45 per cent lower at 1,730.05, just above
        168 words
      • Article
        MILAN
        264 28 SHARES closed little changed in thin technical trading ahead of Thursday's close of the monthly bourse account. Brokers said overall volume on Wednesday was very weak, in line with Tuesday's 80 billion lire. "The market is weak and unconvincing. An early attempt to force a rally faded rapidly," one
        264 words
      • Article
        ZURICH
        223 28 SHARES closed easier on Wednesday but ofT lows on mostly light turnover. Dealers reported late buying interest at lower levels. This was not sufficient, however, to offset losses encountered in afternoon trading. They blamed the losses on the Frankfurt bourse's poor showing and the uncertain currency and interest rate
        223 words
      • Article
        STOCKHOLM
        129 28 STOCKS extended early losses and closed at a year-low on Wednesday on reports Iraq was mobilising Republican Guard troops on the border of Kuwait. The bourse had fallen earlier on a weak performance by blue chip Ericsson which plunged on reports of a downgrade by broker Merrill Lynch. Ericsson's
        129 words
      • Article
        BRUSSELS
        147 28 SHARES closed 2 per cent lower on Wednesday after a heavy sell-off in oil major Petrofina pulled the entire market lower. Both the market index and several blue chip shares touched new year-lows. The Bel-20 Index of leading shares ended down 2.0 per cent at 1,092.47 after touching a
        147 words
      • Article
        JOHANNESBURG
        347 28 SOUTH African equity prices dropped by three per cent in value in heavy trade yesterday morning following De Beers' dividend caution which hit market sentiment. But the shares found support at the lows, dealers said. The diamond giant said that the current outlook indicated a substantial cut in its
        347 words
      • Article
        TORONTO
        221 28 STOCKS slipped slightly on Wednesday in moderate to light volume with particular pressure on the gold and silver and transportation sectors. The TSE 300 slipped 4.3 in early trade to 3,400.3 on volume of 11.2 million shares valued at C 597.1 million. Declines outstripped advances 122 to 111 with
        221 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Dollar closes steady against yen in dull Tokyo trading
      1154 29 REPORTS ASIA TOKYO: The dollar closed steady against the yen but firmer against the mark yesterday after fluctuating narrowly in dull trading which was slowed by a traditional summer holiday season this week in Japan. "The dollar/yen rate was confirmed top-heavy
      1,154 words
    • Article
      INTERBANK FOREX RATES
      376 29 Cross rates Aug i3 US$ SS MS Dm Yen SFr AS NZS USS 1.6095 2.4990 1.4650 127.40 0.5187 1.3225 1.3870 1.8639 SS 0.6213 1.5527 0.9102 79.1550 0.3223 0.8217 0.8617 1.1581 MS 0.4002 0.64 0.5862 50.9804 0.2076 0.5292 0.5550 0.7459 Dm 0.6826 1.0986 1.7058 86.96 0.3540 0.9027 0.9467
      376 words
    • Article
      MONEY MARKET
      530 29 Interbank rates S$ Bid Offer Overnight 7/8 1 1-month t 15/16 2 1/16 2-month 2 1/16 2 3/16 3-month 2 1/8 2 1/4 Overnight mode: 1/4 L'S$ Bid Offer 7 days 3 5/16 3 7/16 1 month 3 5/16 3 7/16 2 months 3 5/16 3 7/16 3
      530 words
    • Article
      Lock icon Mark undaunted by intervention and economic weakness
      298 29 Reuter FRANKFURT Germany may be joining the ranks of major Western economies suffering from limp growth but the country's currency is as strong as ever and is likely to stay that way for months, dealers said on Wednesday. Increasing evidence that the economy
      Reuter  -  298 words
    • Article
      FINANCIAL FUTURES
      1502 29 SIMEX EUWOOOLLAH Open High Low Sett Est Vol Act/Vol Op/Int Sep 92 96.61 96.63 96.60 2600 1360 ***** Dec 92 96.36 96.38 96.35 96.37 6300 5170 ***** Mar 93 96.32 96.34 96.30 96 33 4500 4138 ***** Jun 93 96.02 96.04 96.00 96.03 2300 1692 4542 Sep 93
      1,502 words
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  • COMMODITIES
    • Article
      Lock icon Simex's gas oil contract attracts higher volumes
      338 30 Reuter SINGAPORE The Singapore International Monetary Exchange's (Simex) revised gas oil contract has attracted more interest since the first cash settlement last month but the jury is still out, say Simex dealers and brokers. "We understand that most traders found the cash settlement
      Reuter  -  338 words
    • Article
      Lock icon Thais to proceed cautiously with 1992-93 sugar sales
      290 30 Knight-Ridder BANGKOK Thai sugar mills will not start selling 1992-93 export sugar aggressively even though a decision about the size of a govern-ment-managed export contract has given them an idea of how much will be available, traders say. Instead, they will proceed
      Knight-Ridder  -  290 words
    • Article
      Tin jumps 24 sen to hit 2-week high of M$17
      757 30 REPORTS THE PRICE of tin bounced back yesterday to close at a two-week high of M$ 17.00 per kg on the Kuala Lumpur Tin Market (KLTM), up 24 sen from Wednesday's close. The last time the metal touched that level
      757 words
  • Article
    PRICES
    1523 30 Rubber RAS Commodity Exchange (hrturw closing h at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Sep 92 0.00 0.00 143.50 325 2,350 Oct 142.25 142.00 142.50 550 4,125 Nov 142.50 142.00 142.00 500 3,275 Dec 142.50 142.00 142.00 500 3,700 Jan/Mar
    1,523 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      899 30 BUSINESS TIMES Toll tree Tel No 737 0043 -Fax No: 734 3698 LIQUOR LICENCE NOTICE NOTICE ISIIEREBYGIVUNIhaUTanLai Ike ofßlk 450 Pasir Ris Dr 6 #09-166, Singapore 1851, have applied for a Retail Beer Shop licence in respect of premises at M/s 24 1 Irs Modem Minimart at Blk 151 Serangoon
      899 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1034 31 at* Flight ETA Flight ETD Ate DteM GA976 0115 GA890 3150 GA970 2205 QF81 1955 QF82 2205 SQ227 2230 Amsterdam KL837 1255 SQ320 1100 SQ323 1815 KL838 2240 Mjjiai SQ348 2300 Andilaod N235 1550 SQ285 2115 SQ288 2030 NZ36 2355 BA12 2200 Bafcrata GF149 0650 Mftpapi
    1,034 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Violence scares S Africa's tourists
      511 31  -  POSTCARD FROM JOHANNESBURG By Judith Matloff FEARS of violence and mayhem have dealt a blow to South Africa's tourism industry just as it was struggling to its feet after a long apartheid slump. Tourism officials say political instability and unrest are discouraging visitors just when
      511 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      151 31 As at 10am yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1522 1.1710 Canadian dollar 1.3362 1.3632 NZ dollar 0.8535 0.8710 Sterling pound 3.0905 3.1325 US dollar 1.6060 1.6120 Local dollars to 100 units of foreign currency Austrian schilling 15.45
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      36 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Sep 19-22 International Paris Semaine (33)1/*****002 Sep 12-29 International Turin, Italy Torino *****569 Leather Week Internationale Caravan Caravan Esposizionio Du Cuir Equipment Exhibition
      36 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      38 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. We know Europe from «t»rt to Finraah
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      Page 31 Advertisements Column 2
      24 31 Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749-2577 for locations of nearest newsstands.
      24 words
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      Page 31 Advertisements Column 3
      282 31 BUSINESS TIMES Toll free Tel No 737 0Q43 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF WATKINS MANAGEMENT CONSULTANTS PTE LTD MEMBERS' VOLUNTARY WINDING-UP FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap SO
      282 words
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      Page 31 Advertisements Column 4
      370 31 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF KIAN LEK ENTERPRISES (PTE)LTD (In Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 308 of the Companies Act. Cap 50, that the Final Meeting of the Members of the abovenamed Company will be held on
      370 words
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      Page 31 Advertisements Column 5
      315 31 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 ANO IN THE MATTER OF ONR CONSTRUCTION CO. PTE LTD In Members' Voluntary Liquidation At an Extraordinary General Masting of tha mam bars of the abovanamad Company duly convened and held at 5022 Ang Mo Kio Industrial Park 2 *01-25, Singapore
      315 words
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      Page 31 Advertisements Column 6
      266 31 In the Matter ol THE COMPANIES ACT, CAP. 50 And In the Mattsr of HEXACO OIL SERVICES PTE LTD At an Extraordinary General Meeting of HEXACO OIL SERVICES PTE LTD. duly oonvened and held at 100, Jalan Sultan, *07-00 Sultan Plaza, Singapore 0719 on the 31st July 1992, me Special
      266 words
  • Page 31 Miscellaneous
    • Miscellaneous
      Page 31 Miscellaneous Column 1
      279 31 1 Sailing man entered lounge to make new beginning 9 Demonstrate about every- —LJ—— LmJthing frivolous (7) 10 Resent a devious Oriental n~"^ 11 One must take sound steps ■MMHf MM to provide entertainment 13 The German backed down (5) 15 Brown is in consequence j j Schemes odds high-rise
      279 words
    • Miscellaneous
      Page 31 Miscellaneous Column 2
      163 31 Singapore Outlook: Showers over several areas in the morning. Report Maximum temperature 31.6 Assoc humidity 67% Minimum temperature 25.4 Assoc humidity.. 89% Hours of sunshine 5.15 Rainfall in mm Nil Rainfall this month 33.1 Rainy days this month 2 World report Asia-Pacific Hi/I>o* Cond. Auckland 15/09 Rain Bangkok 33/27 Cloudy
      163 words
    • Miscellaneous
      Page 31 Miscellaneous Column 3
      28 31 liil»ki*•,%«j- r GCST "*3»C£. U<£. P\ V. TOGVAORM F\ND A £AC£ >bu X V CftN CHOP U3QOP i>jnn y -sHfi- -ShW -©-ie e associated Mews*M>e*s lto. IM*>WM 8739
      28 words
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  • Article, Illustration
    Lock icon Baker to become Bush's Chief of Staff
    484 32 Widely-expected move frees him to run re-election campaign US!RRESIDENTISI: AFP, AP, Reuter WASHINGTON US President George Bush said yesterday that he has asked James Baker to resign as Secretary of State and replace Sam Skinner as White House Chief of Staff and senior
    AFP,; AP,; Reuter  -  484 words
  • Article
    Lock icon World banking business still sluggish
    337 32 Reuter BASLE International banking business remained sluggish in the first quarter of this year, hit by a withdrawal of Japanese banks from international markets. The Bank for International Settlements (BIS), in its quarterly report yesterday, blamed delayed economic recovery and weak credit demand worldwide for
    Reuter  -  337 words
  • Article
    Lock icon S African govt opens way for political negotiations
    316 32 AFP PRETORIA The South African government opened the way for the resumption of political negotiations yesterday by offering a blanket amnesty for all political offences and a full inquiry into the activities of the police and army. The amnesty and the inquiry
    AFP  -  316 words
  • Article
    Lock icon Hat Yai train station bomb kills 2, injures 73
    209 32 AFP, AP, Reuter lIAT YAI, Thailand A powerful bomb exploded at a railway station in southern Thailand yesterday, killing two people and injuring at least 73, authorities said. A pro-democraey leader was campaigning nearby. The blast occurred shortly before Ipm in
    AFP,; AP,; Reuter  -  209 words
  • Article
    Lock icon UK sees a glimmer of hope in latest economic data
    247 32 Reuter LONDON Britain's Conservative government sighted a glimmer of hope on an otherwise gloomy economic front yesterday when ofTicial data showed that manufacturing output was up slightly and a rising trend in unemployment has slowed. Factory output rose by 0.2
    Reuter  -  247 words
  • Article, Illustration
    Difficult high-wire act for China's reformers
    785 32  -  The Bottom Line SN VASUKI SN VASUKI The writer is a BT correspondent TWO INCIDENTS in China during the past month indicate that Deng Xiaoping's renewed push for economic reform has run into serious difficulty. The biggest obstacle faced by the reformist camp is
    785 words
  • Article
    Lock icon Manila minister sees need for more taxes
    133 32 Reuter MANILA Philippine Finance Secretary Ramon del Rosario, urging Congress to approve new taxes, said yesterday that the next six years will be a "make or break" period for the economy. He said President Fidel Ramos' six-week-old government must raise 17.9 billion pesos
    Reuter  -  133 words
  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      264 32 Nikon The World's Finest Photographic System k J TRAINING SEMINARS SGS Redwood Course Week August 24th to 28th Regent Hotel Singapore SGS, world leaders in independent inspection services, has brought together a team of leading experts in technical, commercial and legal matters for this series of seminars for the oil
      264 words
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      Page 32 Advertisements Column 2
      9 32 Britain close to dropping balanced budget plan, Pg 10
      9 words
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      Page 32 Advertisements Column 3
      71 32 Nikon The World's Finest Photographic System Don't let debt problem block growth: minister, Pg 9 CCHVE:RSATIONS I RAFFLES i "The accountant has to look at the whole picture. He's the only man apart from the general manager that has to look at an organisation in its total aspects." Italian-bom Glaxo
      71 words
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  • Shipping Times
    • Article, Illustration
      Le Havre not affected by French dockers' strike
      432 33  -  By Rahita Elias SINGAPORE Operations at the French port of Le Havre remained normal on Wednesday, despite a call by the CGT dockworkers union for a national port strike. Mr Jean-Michel Dutrey, managing director of Far East Consult, told BT that the
      432 words
    • Article
      Lock icon Argentine shipping line draws no buyers
      182 33 Knight-Ridder BUENOS AIRES Argentina on Wednesday announced it had received no local or foreign investor offers to buy 85 per cent ownership in the state shipping line, Empresa Lineas Maritimas del Estado (ELMA). Economy Ministry officials said they would decide within 10 days whether
      Knight-Ridder  -  182 words
    • Article, Illustration
      Lock icon S America to revive Parana-Paraguay trade routes
      663 33 Five nations plan for a water corridor into the continent's interior FT LONDON Conquistadores, explorers and traders once used the rivers of South America to penetrate, subdue and settle the continent's heartland. But today, the rivers which form some of the world's greatest
      FT; Source: FT  -  663 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1171 33 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 I ANL 3 1/2 APL 5 3-5 Arrow Int 9 2 Asian Break-Bulk 16 3 ASCL 5 5 ASXCLShpg 15 2 Austorient Shpg
      1,171 words
    • Article
      Lock icon Previously uncharted rock discovered
      300 33 Inquiry on QE2 accident NYT BOSTON After a third day of surveying the ocean area where the Queen Elizabeth 2 struck an unknown object and badly damaged her hull, federal marine investigators said on Wednesday that they had discovered a 4.5-metre rock that was not on
      NYT  -  300 words
    • Article
      Lock icon Ex-Soviets slowly leaving Vietnam's Cam Ranh Bay
      493 33 Reuter CAM RANH, Vietnam When the Russian military handed back four buildings to the Vietnamese at its giant Cam Ranh Bay naval base this year, the new custodians promptly stripped them down and sold off every bit for construction material. "Not even the
      Reuter  -  493 words
    • LOG BOOK
      • Article
        Italian court rules in dock union favour
        65 34 GENOA Plans to modernise labour relations at Genoa's new container port of Voltri were set back when an industrial tribunal ruled operators must use union labour. It ordered Voltri Terminal Europa to hire dockside workers from the Compagnia Unica union. Employers said the
        65 words
      • Article
        Dockers clash with police
        101 34 PARIS France's dock dispute on Tuesday took a violent turn with a demonstration outside a Dunkirk court where five dock workers were being tried for criminal damage. Police accused militant dockers of intimidating fellow employees. Hundreds of dock workers gathered outside the court and clashed with
        101 words
      • Article
        Ox-power in fuel-starved Cuba
        73 34 HAVANA More than 80,000 oxen have been trained to work on Cuba's farms over the last two years, replacing tractors and other vehicles immobilised by shortages of fuel, spare parts and tyres, the Agriculture Ministry said on Wednesday. A further 36,500 oxen were being put through
        73 words
      • Article
        Lufthansa heads for S$1b loss
        107 34 FRANKFURT The German Lufthansa airline, which was to publish its interim results yesterday, is heading for operating losses of more than one billion marks (Ssl.l billion) this year, analysts said here on Wednesday. The company confirmed last week that its pre-tax losses for the first
        107 words
      • Article
        Aid convoys for Yugoslavia
        77 34 WASHINGTON United Nations relief workers plan to send eight truck convoys into the former Yugoslavia by the end of August to get tons of supplies to ravaged areas, State Department spokesman Richard Boucher said on Wednesday. He said the UN High Commissioner for Refugees had set
        77 words
      • Article
        Hughes-GenDyn deal gets nod
        84 34 SAN DIEGO US Department of Justice officials said they would not block the proposed sale of General Dynamics Corp's missile business to Hughes Aircraft Co, Hughes has told its employees. Officials of the Los Angeles-based Hughes told the employees on Monday in a memo that the
        84 words
    • Article, Illustration
      Lock icon Man in the hot top seat
      1327 34  -  Eric Giuily, as the new chairman of Compagnie Generale Maritime, has the unenviable task of turning round the debt-ridden French national carrier, reports Andrew Spurrier Andrew Spurrier Lloyd's List IT WAS hardly encouraging for the employees of storm-tossed French carrier Compagnie Generale Maritime (CGM)
      Lloyd's List  -  1,327 words
    • Article
      DAILY FREIGHTS
      240 34 THE DRY cargo freight market was quietly steady as reported freight rates were little changed, brokers said on Wednesday. The Baltic Freight Index (BFI) stood at 1,057. Some minor adjustments were made to the panamax routes, with the transatlantic grain route edging higher and Pacific time-charters and North
      240 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      643 34 Carbon Carbon Auf 6 Density Water Residue Ash AJutwwjpi Sednwnt Density Water Residue Ash Ali»i»»ini Stdenem MM Exxon Exwn KG/M*3 tV/VI M/M M/M PPM method KG/M«3 V/V M/M M/M PPM metWd BO/Cmx femrts Spec E25 991 To llo 040 30" 010* Soec G35 991 10 18
      643 words
    • Article
      THE SHIPPING GUIDE
      9350 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
      9,350 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        670 49 »«mI Voy Ite Berth hrivi Departs VoyNo Berth VnvH Depart™ Marina Terminal 1 Sembawang Terminal Batam Ma|u *****2 M05 alongside 1408/0500 Hyundai 5 074 A S02 atongside 1408/0600 Batam Sayang *****2 M04 alongside 1408/2300 Mary M NC926 S03 atongside 1508/2300 Batam Speed 73/92* M04 ator«side 13 08/2100
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        IN MALAYSIAN PORTS
        254 49 jonore ron B«rth: 1: Johan I, Sri Nam Hua No 2; 2: Diamond Dragon; 3: Kota Raja; 4; Maritime Joy; 5; Pernas Suasa; 6; ml. 01 jetty: Daugava. Southern Queen, Kobe i. DC* nil. Due on Aug 13: Howa, Ocean Power, Gina, New Lme No 1, Yick
        254 words
      • Article
        CONTAINER SCHEDULE
        1686 49 >1 '1 3F FCL IMPORT CONTAINERS IN PROGRESS 9* Voy No Containers r ratable 9* Voy No Caibmn a nfeMt Wana Bhum 152N 1208 92 0800 New Ha Hung 9230 COO(EST) 13.08.92 1500 Panama Sen WM226 12.08.92 0825 Trieste 05/381 COO(EST) 13.08.92 1500 Tambang VM 925 12.08.92 0925
        1,686 words
    • Article
      TRANSPORT DIARY
      749 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 Cellular Mobile Communications, organised by IBC Technical Services Limited at The Mandarin Singapore. For further details please contact IBC Technical Serv ices at tel:
      749 words
    • Article
      Abacus develops package to increase automation
      442 52  -  By Juliette Walker SINGAPORE Abacus Distribution Systems is making strides towards the launch of a new product to further automate its giant computerised reservation system (CRS) for travel agents. Abacus marketing communications/project manager, Nicholas Lee, told BT the Singapore-based company has spent several years
      442 words
    • Article
      Lock icon Court gives TWA 60-day extension
      332 52 AP WILMINGTON, Delaware A US federal bankruptcy court judge on Wednesday extended Trans World Airlines Inc's (TWA) right to file its own reorganisation plan for 60 days. It was the second extension of TWA's period to file an exclusive reorganisation plan and came amid negotiations
      AP  -  332 words
    • Article
      Lock icon Motorola alters plans for satellite phone network
      156 52 NYT WASHINGTON Motorola Inc has revamped its plans for Iridium, the gigantic fleet of satellites that it wants to build and that would provide wireless telephone service anywhere in the world. Company officials said on Wednesday they have scaled back the number of
      NYT  -  156 words
    • Article
      Lock icon Russian air traffic controllers set to strike
      137 52 Reuter MOSCOW Russian air traffic controllers said on Wednesday they would go ahead with a planned strike at the weekend if the government failed to meet their demands. "We are waiting for concrete steps by the government. Otherwise, the all-Russian strike will become
      Reuter  -  137 words
    • Article
      SIA to launch B737 regional freighter service
      250 52 SINGAPORE Singapore Airlines (SIA) is gearing up to launch a 8737-300 regional freighter service as a complement to its long-haul freighter operations. In a press release yesterday, the national carrier said it recently purchased the 8737-300 to fly along SlA's and Silk Air's
      250 words
    • Article, Illustration
      Lock icon Garuda needs US$4.08b for purchase of 48 planes
      279 52 Reuter JAKARTA Indonesia's state-owned Garuda Airlines needs US$4.OB billion (556.57 billion) to finance the purchase of 48 planes from Boeing and Airbus Industrie to streamline its fleet by the year 2,000, airline spokesman Jansius Siahaan said. Mr Siahaan told Reuters the aircraft
      Reuter  -  279 words
    • Article
      Lock icon Nod for privatisation of Italian rail system
      158 52 AFP ROME An inter-ministe-rial committee on the economy gave the green light on Wednesday to privatising Italy's state railroad system, the Ferrovie dello Stato (FS), according to an official announcement. The new La Ferrovie SpA will become the largest shareholder company in Italy,
      AFP  -  158 words
    • Article
      Lock icon United's round-the-world service seen as outdated marketing ploy
      619 52 AP LONDON United Airlines is taking off with round-the-world flights similar to those once flown by aviation pioneer Pan Am, but analysts question the need for such service in the era of global mega-carriers. United will link its vast Atlantic and Pacific
      AP  -  619 words
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      24 33 Lines and MrvtcM rnprtMntnd by Monitors ®f tJM Registry of Accr«Mt«l SW^g Slinnwm Wntknal Ship- xXjjjrfJ For advertising enquiries, contact Shipping Times Tel 740-21M9/740-2090.
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      Page 33 Advertisements Column 2
      166 33 THE FAMOUS $P n (b dWkQVt ■!MIIISUI 224 1833 For more information please refer to Pg. 13 New CGM chief: Man in the hot top seat, Pg 2 Abacus develops package to increase automation, Pg 20 Container Schedule 17 Daly Freights 2 Index 1 Shipping Guide 10,11 ShHE in Port
      166 words
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      88 34 FOR SUCCESSFUL MANAGEMENT OF YOURBUfINESS 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
      88 words
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      4106 35 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES «t|V#» Alllfr BOOKINGS TEL: *****34 *****58 VIIRIV TERMINAL/CFS TEL: *****18 220 P COfiQj H PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. VAy J a m PORT KELANG TEL *****18 FAX *****91 *****88 L| M H AIIT hOU/ n r j:__ t _j t#% n..olU*,
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      1465 35 ■Bffiiawnrca NEXT SAILINGS TO MIDDLE EAST TOBIAS MAERSK VOY. 9219 ETA SIN 14/8/92 TREIN MAERSK VOY. 9219 ETA SIN 15/8/92 Vessel Voy ETA ETD Feeder by DESTINATIONS Leerort/Aries This week Marcher Maersk 9208 CFS 17/ a 2359 HRS JOH LPK PEN OAK LG6 HOU MEM ATL MIA CHS BAI PHI
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      1586 36 Page 4 ROAM/ r=== VOY NO S PORE JEDDAH S HAMTON H BURG ANT LE HARVE ■TTjITj LUOWIGSHAFEN EXPRESS 03/332 16/8 2/9 4/9 7/9 8/9 *U WESTBOUND MONTE ROSA 20/133 20/8 29/8 12/9 8/9 7/9 PORT RELANB PENANG DRESDEN EXPRESS 06/333 23/8 9/9 11/9 14/9 15/9 KAMAKURA 24/134 27/8 5/9
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      Page 36 Advertisements Column 2
      500 36 I EXPRESS TO PAPUA NEW GUINEA I SPORE ALAM TALANG V2S It/06 POM/HON/NORO/RAB KN4/LAE/WWK (LCL B/BULK) T/S: ALOTAU, OROBAY, KAVIENG ACCEPTING LCL FOR MAIN PORTS DISCHARGE PORT KELANG H -I- C. TEL: *****01/4 INDIAN OCEAN AND SOUTH AFRICA REGULAR SEMI-CONTAINER SERVICE VESSEL SPORE PKL IQAEHNG FPU FLAABOVANT WB M M
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      1550 36 Shipping Times, Friday August 14 i"« xjisrse REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALG BCL HAM BRE# ROT ANT# FEL LHA NORASIA PEARL 9224 3 17/08 10/09 12/09 13/09 14/09 15/09 16/09 17/09 18/09 JAPAN SEA 225W 23/08 14/09 16/09 18/09 19/09 20/09 21/09 22/09 23/09 CHWA SEA 226W
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      2174 37 K STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 ■5 SPOtt B'KOK STRAITS VENTURE VZtt Muara. lab. KK 16 18 Aug 18 Aug 19 Aug MARIOM WOI7S/018M 16-17 AUG 19-M AUG STRAITS STAR Vl2( KK. Skan. Taw 21 22 Au( 23
      2,174 words
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      Page 37 Advertisements Column 2
      2571 37 m SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd ijL\J I. iUllLfllllCra 10 Hoe Chiang Road #07-01 KEPPEL TOWERS, SINGAPORE 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT VESSEL VO* PMC *PKQ SM ALO SOU AHT HOT HAM VESSEL VOV ANT
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      Page 38 Advertisements Column 1
      625 38 IKB CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOY SPOH ROAM; WW HDURG BREMEN AMTNERP SMNIIAYA/35N6 21/9 23/10 29/10 4/11 »/ll KUTM/2iNB Y/10 9/11 15/11 20/11 23/11 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISEO CARGO Subt*ct to lnduc*m«nt. Also accepting cargo to Casablanca, Port Said, Port Alexandria, Ganoa, Triaata. ALSO
      625 words
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      Page 38 Advertisements Column 2
      1475 38 0 HANJIN SHIPPING FDR VSL 5 l* HAUL 1(8 OM FM WL 5 ILK HAUL MV IM MTC HANJM BREMEN 004t 15 8 EWECI 5/9 8/9 HAMM CHEW OIK 1/ 8 M ASIA 00SE 24/9 »/9 27/9 HANJM FELIXSTOWE OUE ?3 8 DMECI 13/9 16 9 HANJM KWANGYANG 092E 24,8
      1,475 words
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      Page 38 Advertisements Column 3
      1205 38 ~MiM zkJJ =1 T c\ Id d} Im IX W UC K Ml W no IU 08 H NTC LHV um MM nr *M PSO CM mi I SOME K 052 11/1 It/I 24/1 Hit 21/1 31/1 1/1 3/0 4/1 5/1 7/1 11/9 30 10 2/10 1/10 11/10 14/10 IS/10
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      Page 39 Advertisements Column 1
      2005 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) W BOOKINGS (FOR ALL NOL SERVICES) NEPTUNELINK TEL *****00 (TOLL-FREE) USA SERVICE TERMINAL OFFICE *****22 mm FAR EAST SERVICE *****00 IMPORT CFS -F9 *****69/*****96 UK/EUROPE SERVICE (TOLL-FREE) EXPORT CFS F9: *****53/*****50 AUST/INDIA/PAK NEPLINE SDN BHD MALAYSIA NEPTUNELINK TEL: (03) *****23
      2,005 words
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      Page 39 Advertisements Column 2
      1177 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUWD-OtSCHARONG WESTBOMC-LOADW6 TKAHSHFPED WA ROTTERDAM*! w«tn wt la E
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      Page 40 Advertisements Column 1
      1655 40 KT^ M AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W W TEL; *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 rXI m 4 MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD 1 AMi JLri# ML JL JL*# TEL: SA *****00 PK *****75 PENANG *****0 JB *****1. KAWASAKI KISEN KAISHA LTD
      1,655 words
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      Page 40 Advertisements Column 2
      1180 40 PHILI-OM€NT UNCS PT€ LTD I W 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 crib BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION ZMALAmmOUTH PAdFtC FCMLMm*}— IS V^ L v^TS:^^ M^MOum^ E aCHR™CH
      1,180 words
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      2169 41 PACIFIC INTERNATIONAL LINES (PTE) LTD m V M 140 Cecil Street. #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0J JAKARTA ["BANGKOK I VESSEL VOY SIN JICT SIN VOY SIN BKKsST EQUATOR HAWK UN fiv. «7. ESTEBRUGGE 22N 15/8 18/6 21/8 KOTA INOAH M? 8/8 EOUATOR CRYSTAL 104N 15/1
      2,169 words
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      Page 41 Advertisements Column 2
      854 41 Eot 1 B EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY P|P GUDANG| PENANG PKELANG OCEAN VSL/VOY SIN SOU <1) RTM (2) HAM (3) GOT (4) E 14/8 14/8 15/8 BENAVON 2322 18/8 4/9 6/9 7/9 9/9 E 21/8 21/8 22/8 JUTLANCMA 2332 25/8 11/9 13/9 14/9 16/9 D 28/8 28/8
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      Page 41 Advertisements Column 3
      222 41 NIGERIAN NATIONAL IHI SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJE V.50 SINGAPORE 28 S*p ETA I Lagot 20 Oct Port Harcourt 26 Oct Calabar 30 Oct I BSA° TRANSPORTATION M MYANMA wMI FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Sport P.Kit Pen P.Gdj A»A VUSN 17/19 Au|
      222 words
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      Page 44 Advertisements Column 1
      2734 44 Container Liner Services agents. m***'**-* Gum Guan Shipping Sdn Bhd Chung China Shipping Sdn Bhd P.T. 6k** hitra Indonesia Mwitinm Gene,,l Agents Booking Agents: s. ft™, Coster Shipping Pte ltd s>v,'-tmightmi*cmh,sh.bm umrmtum ott um w s,m moo *t TSUf.o,,xuu 2 MiSln Ilo3d 4/Hill Sired SeUngor Darul Lhsan fet 442 5091
      2,734 words
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      Page 44 Advertisements Column 2
      258 44 SAMUOCRA INDONESIA (S) PTi LTD 15 McCALLUM STREET *-'01-01/02 NATWEST CENTRE Singapore 0106 Tatox: R*****0 T*: *****81-3 Fax: 225 4538, *****36 FOR BOOKINGS CALL DIRECT LINE TEL: *****41/*****43 SJN/JAK SERVICE VESSEL VOY SIN JAK PRELUOE 913 IN PT 17/08 (MON) MAJESTY 904 IN PT 17/08 (MON PELOPOR 1041 15/08 (SAT)
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      Page 45 Advertisements Column 1
      602 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 "Sr HOT LINE: *****33 (24 LINES) LIM ASSOL PIREAUS 16/8 ROTTERDAM 16/8 HAIFA/ASHOOD/ALEXANDRIA 16/8 HAMBURG/BREMEN 16/8 MARSEILLE/FRANCE 16/8 FELIXSTOWE/UK 16/8 BARCELONA/SPAIN 16/8 LEHAVRE/ANTWERP 16/8 GENOA/ITALY 16/8 GOTHENBURG/SCANDINAVIA 16/8 LOS ANGELES/WC/IPI 16/8 SYDNEY/MELBOURNE 18/8 NEW YORK/EC 16/8 FREMANTLE/ADELAIDE 16/8
      602 words
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      Page 45 Advertisements Column 2
      849 45 MncnJatHsTTTm^l Si TEL; *****33 (12 Lines) mJ FAX: *****15/*****03 |l+i] TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA I LOADING fOR SPORE ABYOt ?9W6 30/06 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ANCMNET 28WB 02/10 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA
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      Page 45 Advertisements Column 3
      873 45 JAKARTA BANGKOK vosa not I ai I «t ~l [torn [wt mi—uk iwok BINIA BHUM MS IS/0B 11/01 lARU BHUM 37H Fri IN PT Mon 17/ M WANA BHUM IMS 19/ OB 22/08 MAHA BHUM# l?OH Sun 16/08 Wed 19/01 BENJA BHUM 40S 22/01 25/08 NAHTA BHUM 102N Sit 15/08
      873 words
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      1618 46 PUU|MAC-NELS GROUPAGE l-KV\ JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 16/8 17/8 18/8 Hon* Kong Ldn/Fli/Rdm/Ant 20/8 21/8 22/8 19/8 20/8 21/8 Hong Kong Gburg/Chagen/S'holm/Oslo 16/8 17/8 18/8 23/8 24/8
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      Page 46 Advertisements Column 2
      300 46 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SIN MULBERA 28S 15/8 26/8 28/8 14/9 AUST STAR 0626 22/8 3/9 5/9 22/9 PROSPECT 20S 3/9 15/9 17/9 3/10 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH, NAPIER. WELLINGTON.
      300 words
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      Page 46 Advertisements Column 3
      1192 46 THONG SOON IMS PTE. LTP.I l J&' 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I 66NVfeNTl6NAl/66MtAlkER I CONTAINER SERVICES I SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL Ivor [s PORE [PCST
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      862 47 COMPANIA PERUANA DE VAPORES V "PERUVIAN STATE LINE" ACCEPTING BREAKBULK FCL/SOC CARGOES TO/FROM CALLAO. MATARANI, HO* OTHER PERUVIAN PORTS* KITH T/S AT KOBE ON CPV THROUGH BILL OF LADING ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING BREAKBULK/SOC CARGOES TO/FROM KOBE, YOKOHAMA. NAGOYA. MOJI. TOKYO*, MANILA*, DAVAO*, Pmi ant* P. Kelanj
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      Page 47 Advertisements Column 2
      535 47 Irryn ZIM ESril CwtBllBf«BTriCB mU N.AMERICA/CARRIBEAN SERVICES KSSEI DOT Ml HAP* HI DOT LAI AST Ml WTC Iff! A VESSEL 16/1 2N HONGKONG 21 15/1 24/9 21/9 N/9 2/lt M OSAKA V23E 20 I AMRKA 23/9 2/1* 6/10 8/It 18/ It m STDNEY 12* 38/1 M SADWWAH 38E 1/18 18/18
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      Page 47 Advertisements Column 3
      654 47 \W MULTI-MODE SHIPPING PTE LTD I MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI DAMMAN SMARIAH DOHA MUSI A! BAHRAIN ABU DHABI BANDAR ABBAS IfDOAH FAR EAST ACCEPTING FCL/LCL PtNANG P KEIANG lAKARIA BANGKOK HONG KONG TAIWAN JAPAN MANILA KORfA UK/EUROPE ACCEPTING FCL/LCL LONDON FELIXSTOWE. LEEDS. TILBURY ABEROEEN LE HARVL HAMBURG ROTTERDAM ANTWEP.
      654 words
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      Page 47 Advertisements Column 4
      446 47 iiiiiuMMiißMiyjimiiia MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE LASPEZIA TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN WITH TRANSHIPMENT TO: ASEAN/AUSTRALIA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CAMO BOOKING LUCKY TRANSPORT FREI6MT CO (PTE) LTD SINGAPORE: TEL:
      446 words
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      Page 47 Advertisements Column 5
      433 47 Si FAR EAST 17/8 KEELUNG/KAOHSIUNG 22/8 BANGKOK 21/8 MANILA/CEBU 23/8 JAKARTA/BELAWAN/SURABAYA 17/8 PORT KELANG/PENANG/E. Malaysia 17/8 BUSAN 20/8 TOKYO/YOKO/KOBE/NGO/OSA 17/8 HONG KONG SIN CHINA 17/8 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 22/8 LDN/FLX/LVP/SOU 22/8 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 22/8 LOS
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      903 48 I ECONOLINES- j A Time Space Pilot for World Trade Navigation since 1979 We deliver 2040 points throughout 17 We provide weekly consolidations to 32 countries in conformity with 13 imcoterms Discharging ports at own Bonded Warehouse total demands in shipping for carrying your with in house customs service and
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      Page 48 Advertisements Column 2
      432 48 Bonterm/ CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND WELLINGTON LYTTLETON (CHRISTCHURCH) 22 AUGUST ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 16 AU6 JAKARTA 17 AUG PCNANG 17 AUG POTT KELANG 20 AUG FREMANTLE 22 AUG MELROURNE 18 AUG SYDNEY 18 AUG FELIXSTOWE 22 AUG HAMBURG 22 AUG ROTTERDAM 22 AUG
      432 words
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      Page 48 Advertisements Column 3
      556 48 8888 Next Week' s Sailings Bangkok 16/08/92 Antwerp Manila 14/08/92 15/08/9 2 Singapore Tel: 778 6522 Oik Fax: 779 2738 Johore Tel: 07-*****8 Fax: 07-*****3 Alfred Ng ■BHHI 7&4A/S-Z./A//C mntftMraSnWMM y c p e a contaih/ nn n d U RO-AO SERVICE I—2-1 M. NATIONAL SNK 1 1 CO OF
      556 words
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      Page 48 Advertisements Column 4
      379 48 CHINESE-POLISH MA JOINT STOCK SHIPPING CO 1 CONTAHER/BREAK BULK Ism I CEYNOWA V*6 IS/I CASABLANCA B PROS V 25 2/9 ANTNERP/ROTTEROAM/HAMBURG/GDYNM LUBAN V.51 6/9 CASABLANCA I KARLOWICZ ¥.49 24/1 XttGANG NANJING SHANGHAI ZHANGHENG ¥.45 25/8 HUANGPU SHANGHAI/XJNGANG BALTIC FAR EAST SHIPPING PTE LTD 2 MSTRI ROAD #10-00, HMC BULDMG, STORE
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      17 49 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT
      17 words
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      Page 49 Advertisements Column 2
      102 49 mwmm WEEKLY LCL CONSOLIDATION SERVICES TO EUROPE PORTS WITH CONNECTION TO MORE THAN 206 INLAND POINTS. AUSTRIA HUNGARY RUSSIA BELGIUM RELAND SWITZERLAND BULGARIA ITALY SPAIN DENMARK NORWAY SWEDEN FINLAND NETHERLANDS TURKEY FRANCE PORTUGAL TECHECHOSLOVAKIA GREECE POLAND UNITED KINGDOM GERMANY ROMANIA YUGOSLAVIA MAKE YOUR ENQUIRIES TODAY HOT LINE 273-0466 YUSEN SBACARGO
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  • Page 49 Miscellaneous
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      Page 49 Miscellaneous Column 1
      452 49 TIDES AND WEATHER TODAY'S TIDES (hejftt in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 MOO 0900 ******************** *****600 *****800 *****000 2100 *****300 JR 29 2.7 2.1 IS 10 06 04 04 06 1 1 1.8 2.3 25 24 2.2 1.7 1.2 08 07 08 1.1 16 2.3
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      576 50 1 WSJW 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 FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (YANGON) VESSEL ETA ETD DESTINATION
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      525 50 cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P G LOADING FOR: A VESSEL 28/08 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOB: TRANS ASEAN 15/08 20/08 Huangpu/Guangzttou COSCO FULL CONTAIMER SERVICES (FCL/FCL) EXPORT TO. CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please refer above mentioned
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      481 50 /eOffer LCL FCL Express Service to Most Points in ChirJjr For more informationl Competitive rates an j reliable seryiceX I eUßfiOfißmLTo Call Our Customer Service At Te1:227«4788. WSKH DISTRIPARK PTE LTD 77 Robinson Road #16-02 SIA Building, Singapore 0106 Singapore Tel: *****79 Fax: *****82 Tlx: RS *****SKHNVO Johoreßaru Tel: 07-*****8
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      741 51 I HYUNDAI I MERCHANT MARINE CO. LTD. ASIA/EUROPE EXPRESS (AEX) CONTAINER SERVICE MAIDEN VOYAGE HYUNDAI EXPLORER V3OIW CALLING SINGAPORE 30 AUG 92 ETA/ROTTERDAM 18 SEP 92 ETA/HAMBURG 19 SEP 92 ETA/FELIXSTOWE 22 SEP 92 TEL: FAX TLX TEL: FAX TLX KUALA LUMPUR 03-*****00 03 *****82 MA ***** PASR GUDANG 07
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      Page 51 Advertisements Column 2
      476 51 f/^jiHLiwinfßfaifiyaiggj 1 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS nstti my sp n in u TIMS 4ITO 41 M M tS/l ■LICU IS BJ 111 COSMC BASTU II IS/I IT/I CASK PWKU 24 II I 14/1 NUCI KIU 121 17/1 It/I MIMA 17 Ml 22/1 lUI
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      67 52 Every Saturday in Business Times I —-j I The Executive Housekeeper -this hotel l O I I wants is me. Bub I'll never najfec-t L V -tfois house, baty/ J Any Job. Any Career. Available Any Day. Any Time, anywhere. The Straits Times The Sunday Times Business Times The New
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      Page 52 Advertisements Column 2
      47 52 Every Saturday in Business Times APPOINTMENT Suitable applicants are required for EXPORT COORDINATION, SALES/MARKETING, CUSTOMER SERVICE. We are a leading seafreiaht forwarder and training will be providecT Please phone or fax for an interview appointment. Tel: 223 8219 Fax: 227 7558 C»c: Ms Nellie a): 749-2577 i
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