The Business Times, 22 September 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times MITA (P) 35/12/91 Tuesday, September 22, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • 54 1 TOKYO Japan will not ship plutonium through the crowded Strait of Malacca, a senior government official said yesterday. "There are a lot of pirates, so we won't go there," the official said. Tokyo had previously said it would keep the actual route
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    • 72 1 PAK THO, Thailand Thailand yesterday opened a "safe area" for Myanmar nationals who fled their military-ruled homeland, but nobody showed up to live in the refugee camp. More than 500 refugees, most of them students, had been ordered to report to the camp in Ratchaburi
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    • 21 1 TWO subsidiaries of IBM have been granted operational headquarters (OHQ) status by Singapore's Economic Development Board Page 2
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    • 28 1 INDONESIAN hotelier Adrian Zecha has branched out to the Philippines, forging a joint venture with Filipino and Japanese firms in the tourism business Page 3
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    • 23 1 A SINGAPORE investment firm has clinched the deal to produce Ho Chi Minh City's first official business directory Page 3
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    • 22 1 AFTER 18 months of gravitydefying leaps, Hongkong's residential property market appears to be headed for a correction Page 9
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    • 33 1 JAPANESE business circles are clamouring for income and corporate tax cuts to help jump-start the stalled economy, but authorities are likely to oppose strongly any such move Page 10
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    • 26 1 RUSSIAN President Boris Yeltsin plans to sign a decree promoting development of four islands claimed by Japan, says a regional government chief. Page 11
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    • 31 1 IN SPITE OF the lifting of economic sanctions against South Africa, Singapore companies have yet to rush in to take advantage of the market. Shipping Times Page 1
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  • MARKETS
    • 44 1 WALL STREET opened lower in early trading yesterday, a day after French voters narrowly endorsed a treaty for European unity. The Dow Jones average of 30 industrials was down 13.51 points to 3,313.54 at 1430 GMT in the first hour of trading.
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    • 28 1 LONDON share prices were higher at midday yesterday. At about 1130 GMT, the FTSE 100-Share Index was up 9.8 points, or 0.3 per cent, at 2,576.8.
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    • 47 1 TO AVERT a potentially bitter stand-off with the Kuala Lumpur Stock Exchange, two companies in Malaysia's Mul-ti-Purpose Holdings Bhd group have conceded to demands from the authorities to release additional information on a proposed plan to establish a lottery operation in Guangdong Page 4
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    • 34 1 THE huge entertainment project at Clarke Quay will net developer DBS Land Ltd up to $56 million a year in rent after it opens in November next year Page 4
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    • 32 1 HSBC Holdings pic may act to bring the prices of its sterling and Hongkong dollar shares in line if the current difference holds into next year Page 7
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    • Article, Illustration
      29 1 Monday Change BT-MGA 648.83 -0.87 Kuala Lumpur ...587.99 +0.45 Tokyo 18,066.24 -100.56 Hongkong 5,741.53 +52.21 Sydney 1,531.6 +7.9 Friday Change New York 3,327.05 +11.35 London 2,567.0 +83.1
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    • 23 1 Exchange rates us$ s$ 1.6040 100 Yen SS 1 2935 MS SS 0.6376 Money market rates Overnight 1 3-montn 1 3/4 -5/16
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    • 34 1 London Gold AM fix US$348.25 -US$0.40 Rubber S'poreOct.. 140.25'/kg +0.25 M'sia Oct.... 2l9.50*/kg -0.50 KL Tin Turnover 25tonnes -7 Spot M$l6.63/kg -0.02 Cmd« palm oil Turnover 667 lots -657 Oct MS867 /tonne +2
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  • 563 1 Britain, Spain, Italy, Greece, Portugal set for slow lane AFP, Reuters SINGAPORE The British pound and the US dollar fell against the French franc and German mark yesterday but the stock market opened higher in London as dealers assessed the chances of a
    AFP,; Reuters  -  563 words
  • 588 1  -  Ventures concentrated in M'sia and HK By Anna Teo SINGAPORE As at the end of 1990, Singapore companies had invested $7.5 billion in nearly 2,300 companies overseas, mostly in the Asia-Pacific. A Department of Statistics paper on the corporate sector's direct investments
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  • 339 1  -  The Peat Marvvick partner trial By Ramesh Divyanathan SINGAPORE The trial of one of Singapore's top receivers, Peter Chi Man Kwong, took a dramatic turn yesterday when the prosecution told the court to disregard the evidence of its own chief witness. Deputy Public Prosecutor
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  • 248 1 Agencies PARIS By the slimmest of margins, French voters have approved European unification, paving the way for a new economic and political force but underlining the suspicion with which it is viewed by some of its citizens. The "Yes" obtained 51.05 per cent
    Agencies  -  248 words
  • 403 1  -  From Florence Chong in SYDNEY SINGAPOREANS have an outdated view of Australia, a view that is based on the "lazy days" of Australia's Conservative government of the past, says Prime Minister Paul Keating. Mr Keating will try to change this impression
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  • Page 1 Advertisements
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  • PAGE 2 NEWS
    • 394 2  -  By Claire Leow SINGAPORE Two subsidiaries of International Business Machines, the world's largest computer company, have been granted operational headquarters (OHQ) status by the Economic Development Board. IBM Singapore, the regional marketing and support office, and IBM World Trade Asia, a legal holding company,
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    • 396 2  -  By Colin Tan SINGAPORE The new generation of Housing Board neighbourhood centres will have the kind of facilities now found only in town centres. There will be bright, modern shopping malls instead of "mom and pop" shops, and fast-food restaurants and food courts instead of
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    • 298 2  -  By Teh Hooi Ling SINGAPORE Asean nations have had to concentrate on using science and technology to fuel economic growth and social progress, Deputy Prime Minister BG Lee Hsien Loong said yesterday. "We (in Asean) do not have the luxury of
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    • SINGAPORE ROUNDUP
      • 75 2 THE Five Power Defence Arrangements (FPDA) remain rde-| vant and useful for regional peace and security because of changing geo-political conditions in the world and the potent tial for ethnic conflicts, said Defence Minister Yeo Ning Hong. He said this at a dinner he was
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      • 70 2 THE Ministry of Information and the Arts has confiscated copies of the book Harlots: A Personal Sex History from sales outlets and from the premises of the local publisher and the printer after receiving complaints that book was obscene. Ministry officers, having gone through the boolfr and
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      • 43 2 THE main contract for a new training centre for skilled construction workers was awarded to Hytech Builders for $22.6 million. The Construction Industry Development Board said Hytech beat 13 others whose bids ranged from $22.5 million to $33.1 million.
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    • 286 3  -  Zecha ties up with Filipino, Japanese firms From Al Labita in MANILA INDONESIAN hotelier Adrian Zecha has branched out to the Philippines, forging a joint venture with Filipino and Japanese companies engaged in the tourism business. Mr Zecha recently acquired a 20 per cent
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    • 203 3 Reuter HONGKONG China's stock market regulators, struggling to come to terms with international standards, have postponed a new share issue by the first Chinese company to issue shares to foreigners under communism. Shanghai Vacuum Electron Device's annual general meeting (AGM) was put off at
      Reuter  -  203 words
    • 188 3 SINGAPORE A local investment firm has clinched the deal to produce Ho Chi Minh City's first official business directory. Worldcorp Holdings (S) Pte Ltd has struck a USSI.S million (552.4 million) deal with the Ho Chi Minh City (HCM) Post Telecommunications Company to
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    • 354 3  -  OCBC, OUB, UOB follow DBS' lead to shave off a quarter point By Paul Leo SINGAPORE Taking the cue from DBS Bank, the other major local banks OCBC, OUB and UOB yesterday announced they were cutting their prime lending rates by a
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    • 442 3  - New US envoy gives first press conference in Mandarin By Salil Tripathi SINGAPORE The new American ambassador to Singapore, Jon M Huntsman Jr, yesterday opened his first press conference in style he spoke in Mandarin. Meeting the press after presenting his credentials to President Wee Kim Wee at the Istana,
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    • 170 3 Reuter TOKYO Japan's land prices declined in the year ended July I for the first time since the National Land Agency started conducting nationwide surveys in 1975. In the Tokyo area, residential land prices fell 14.7 per cent, while commercial land dropped
      Reuter  -  170 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
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      539 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 47 4 SINGAPORE Food and beverage group Yeo Hiap Seng has won Pepsi Cola's International Quality Assurance Award for the 11th consecutive year. Yeo Hiap Seng has been bottling Pepsi Cola drinks in Singapore since 1974 and in Sarawak since 1979.
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      • 55 4 SINGAPORE Singapore Airlines has sent a circular seeking shareholders 1 approval for proposed amendments to the company's Articles of Association to accommodate its bonus issue. Among the amendments sought will be one which will allow locals to hold SIA foreign shares with effect from commencement of
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      • 27 4 SINGAPORE Amfels Inc, Far East Levingston Shipbuilding's US subsidiary, has completed a U552.75 million (554.4 million) unit for Western Oceanic Inc of Houston.
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      • 44 4 SINGAPORE Hind Hotels International Ltd reported an operating profit of $1.5 million for the six months ending June 30, 1992, on a turnover of $11.9 million. Net earnings per share was 2.28 cents. No group comparative figures were given.
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      • 43 4 SINGAPORE SCS Grumman Computer Systems, a subsidiary of Singapore Computer Systems, has teamed up with BAeCam to market the latter's factory floor management products in eight Asian countries. BAeCam is a whol-ly-owned subsidiary of British Aerospace Defence Ltd.
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      • 35 4 SINGAPORE Harimau Investments Ltd announced that its net tangible assets backing for each $1 ordinary share was $1.69 per share, based on the group's unaudited accounts as at Aug 31, 1992.
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      • 21 4 SINGAPORE United International Securities' net tangible assets backing per share as at Aug 31, 1992 was $1.28.
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      • 39 4 SINGAPORE United Motor Works International Pte Ltd, a substantial shareholder of Stamford Tyres Corp Ltd, on Sept 17 bought another 250,000 shares in the company for $125,185, bringing its stake to 5.52 per cent.
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    • 688 4  -  But responses may not be enough to get trading suspension lifted From Leslie Lopez in KUALA LUMPUR TO AVERT a potentially bitter standoff with the Kuala Lumpur Stock Exchange, two companies in Malaysia's Multi-Purpose Holdings Bhd (MPHB) group conceded to
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    • 292 4  -  By Quak Hiang Whai SINGAPORE Japanese broking giant Daiwa Securities Co Ltd has launched a 10 billion yen (SSI2B million) equity fund to invest in Asian equities. The fund is expected to boost the business of Daiwa Securities (Singapore) Pte Ltd, which begins trading as
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    • 268 4 MBT KUALA LUMPUR Ma-laysian-listed Jack Chia Enterprises (JCE) has decided to shelve development of a commercial complex adjacent to its E&O Hotel in Penang now that the authorities have rejected the project. Chairman and managing director Jack Chiarapurk told reporters after the company's
      MBT  -  268 words
    • 361 4  -  By Sylvia Wong SINGAPORE The huge entertainment project at Clarke Quay will net developer DBS Land Ltd up to $56 million a year in rent after it opens in November next year. Based on rent of $10 to $20
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    • 258 4 SINGAPORE Harimau Investments Ltd, the last of the listed close-end investment companies to announce interim results, yesterday reported a 14.5 per cent drop in first-half earnings. The investment arm of the OCBC group showed an aftertax profit of $807,000 for the six months ended June
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    • 567 4  -  THE HOCK LOCK SIEW COLUMN Company headed for record year but shares are underperforming By William Chia SINGAPORE It is not surprising that Malaysian quarry operator Sungei Way Holdings Bhd is fast becoming a major beneficiary of the latest surge of interest in
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    • 340 5 Bloomberg HONGKONG Hongkong Land Holdings, landlord for many of Hongkong's most prestigious office blocks and shopping centres, achieved only pedestrian profit growth in the first six months of 1992 but its shares are still likely to remain among investors' current favourites, analysts
      Bloomberg  -  340 words
    • 179 5 Bloomberg, Reuter HONGKONG Hong-kong-based luxury hotel group Mandarin Oriental International said that its aftertax profit rose 10.3 per cent to US$l9.2 million (Ss3l million) in the first half of its business year ended June 30 from US$l7.4 million in the year-earlier period. The figures are
      Bloomberg,; Reuter  -  179 words
    • 504 5 Institutions need to register with the security board AFP BOMBAY Brokers at India's leading Bombay Stock Exchange (BSE) are often accused of running it like a private club, always wary of the entry of outsiders. So most analysts were surprised to find brokers
      AFP  -  504 words
    • COMPANY BRIEFS
      • 93 5 TAIPEI Taiwanese authorities have launched an investigation into a string of huge stock payment defaults that has plunged the share market into crisis. The government on Friday also took steps to stabilise the bourse, which plummetted 6.1 per cent in panic selling on Thursday
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      • 88 5 SYDNEY International media group News Corporation said it expects substantial profit growth and is aiming for an investment grade credit rating. Chief executive Rupert Murdoch said in the 1992 annual report the group was reducing its reliance on bank debt, investing in primary businesses
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      • 65 5 BEIJING A court in the eastern port of Shanghai has fined 10 Chinese companies for illegally using the brand name of a British soap on their own goods. Shanghai's Liberation Daily said Unilever, an Anglo-Dutch food and household products firm, would receive a total of
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      • 92 5 HONGKONG China, which already has McDonald's and Kentucky Fried Chicken outlets, will get its first 7-Eleven stores next month. Five of the 24-hour convenience stores are to open in the Shenzhen economic zone bordering Hongkong on Oct 16 and there are plans to add between 10
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    • COMPANY BRIEFS
      • 113 6 >MOSCOW A factory in the St Petersburg region has found -4-Hovel way of getting around the cash flow problems that hare plagued many state-owned industries since economic began: it pays its workers in eggs. The Nevski Poultry ffpcessing Plant in the town of Vsevolozhsk
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      • 83 6 SEOUL US car maker General Motors (GM) has agreed to take about US$l7O million (***** million) to withdraw its participation in the car-making joint venture with South Korea's Daewoo. A Daewoo spokesman said yesterday that a formal announcement on the terms of separation is expected
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      • 93 6 TOKYO Toyota Motor Corp has given notice to the Transport Ministry that it is recalling 408,590 Camry and Vista cars in Japan to correct a door-lock defect free of charge, a Toyota spokesman said. Japan's top car maker exported 699,185 Camrys with the same defect to
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      • 78 6 KUALA LUMPUR At least two British companies plan to set up their manufacturing facilities here in a bid to make Malaysia their regional bases for South-east Asia. The two firms, steam turbine maker Hayward Tyler Sumo Ltd and lightning conductor manufacturer WJ Furse Co Ltd,
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      • 78 6 PARIS France's Yves Saint Laurent Groupe expects its ftill-year 1992 sales to be about 4 per cent up on last year and is counting on a net profit margin of about 6 per cent. YSL made its forecast in a statement with its first-half
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      • 65 6 PARIS French leisure group Club Mediterranee SA said the third-quarter loss reported last Friday by its 72 per cent-owned Club Med Inc unit, plus a difficult summer in Europe, will affect the profit forecast it drew up before the summer season. Club Med gave no precise
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    • 612 6 Some of the weakest may be forced out of business soon Reuter TAIPEI Taiwan's computer and information equipment industry, one of the island's fastest-growing sectors during the export boom of the 1980s, is struggling as profits slump and competition sharpens. The global economic
      Reuter  -  612 words
    • 344 6 Reuter NEW YORK International Business Machines Corp and Hewlett-Packard Co were set to announce separately yesterday powerful new personal computers targeted at the expanding corporate market. IBM, the world's largest computer manufacturer, was to unveil in New York a line of its PS/2 computers,
      Reuter  -  344 words
    • 546 6 NYT NEW YORK For years, many pharmaceutical companies have scorned low-priced generic imitators that have stolen sales from their multi-million-dollar brands, suggesting that the copies are not as reliable as the originals. Now, however, big drug makers like Merck and Marion Merrell Dow
      NYT  -  546 words
  • Page 4 Advertisements
    • 156 4 I JtN THE MARKET PAGES I KLSE's lower-liners shine 25 Hang Seng above 5,700 27 Seoul shares plunge 28 ml A BOLD DEVELOPMENT ,|>ft 1 111 H-fTlUir/JtJ I a 4)1 I f T KEpK 1 TtTTTT s S! s=: *****4liß.iMnrr St =BB > JllMct- 4~ -MM i Tf 1 11'
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  • Page 5 Advertisements
    • 583 5 NOWrOHUTO HNiMiPit Alum ovnm '0ct5t4,1992 *$Sf6(MßSmambw)/I*9B(Nofwnwnbw) SEMINAR CONTENT How chain buyers buy How to prepare a presentation kit How to sell to a buying committee The growth of chains their sophisticated management techniaues How to convince chains to buy your products Sales policies of chains How to look for new
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    • 262 5 IjSr ■frf HPPPn I||il^^H H -~1£ Bk HH i H r^ j How much can you squeeze into an area 2 of these phages. Or if the Canofile can scan 40 A4-size pages measuring just a quarter of this ad? All the in one minute. And store the information in
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  • Page 6 Advertisements
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  • FINANCIAL NEWS 1
    • 372 7 Bank may realign prices if gap persists, says chairman KnightRidder, Reuter HONGKONG HSBC Holdings pic, the parent company of Hongkong and Shanghai Banking Corp Ltd, may act to bring the prices of its sterling and Hongkong dollar shares in line if
      Knight- Ridder,; Reuter  -  372 words
    • 345 7 Reuter AMSTERDAM Internationale Nederlanden Groep NV said its chairman, Willem Scherpenhuijsen Rom, has resigned with immediate effect because of negative publicity surrounding share deals by former directors of the financial group's banking arm, ING Bank NV. "I have arrived at my
      Reuter  -  345 words
    • 478 8 Bloomberg NEW YORK Diversified insurance company The Travelers Coip on Sunday signed a definitive agreement to sell 38 million shares, valued at US$l9 each, to Primerica Corp for cash and parts of two businesses in a transaction valued at U*****.5 million (551.24
      Bloomberg  -  478 words
    • 566 8  -  THE By Shoeb Kagda The Sang Kancil weekly column tracks the profit/loss of a US$5O,OOO live account set up by jutures house Refco. Relying on both technicals and fundamentals, the account will trade in currency, interest rate, commodity and stock index futures. SINGAPORE Sang
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    • SMALL CHANGE
      • 99 8 KUWAIT Kuwaiti commercial banks, which suffered heavy losses as a result of Iraq's 1990 invasion, must merge or find fresh capital to survive despite a state plan to buy some US$2O billion (SS32 billion) of their debts, bankers and economists say. They
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      • 82 8 HONGKONG China's Zhengzhou City plans to have 10 enterprises make public stock offerings and intends to issue more than 400 million yuan (Ssl 16.8 million) in debt securities this year in a bid to become central China's financial hub, the Chinese newspaper Wen Wei Po said
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      • 62 8 HONGKONG The special managers of Bank of Credit and Commerce Hongkong Ltd (in liquidation) said the first repayment cheques would be sent to BCCHK creditors starting yesterday. Around 30,000 creditors owed HK$ 100,000 (5520,750) or less will receive full refunds and large creditors, who are owed
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      • 80 8 KUALA LUMPUR Public Bank Bhd cut its base lending rate (BLR) to 9.35 per cent from 9.5 per cent effective yesterday, a bank spokesman said. "The cut is to reflect the bank's cost of funds," he said. It is the second bank to cut its BLR
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      • 85 8 TOKYO Kyowa-Saitama Bank, the eighth largest Japanese bank, yesterday officially became Asahi Bank in a name change that will cost it about three billion yen (Ss39 million). Former Kyowa and Saitama banks merged in April 1991 and management decided to adopt a new name for
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      • 59 8 FRANKFURT The Bundesbank is cancelling this week's regular tender for securities repurchase funds and is setting new issues of two-day currency repurchase pacts at 9 per cent, a Bundesbank spokeswoman said in response to an enquiry. Last week, the Bundesbank announced similar steps and said they were
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  • Page 7 Advertisements
    • 420 7 ORDER FROM n <■ v < i <. h, i 11\ i l l«' u I i" <' onlHu-nt.ii iiiisiin SuiH' >*! tin iiu"» in tilt w i>r!J I dtuuf i' vmhk I SKM 'tiww*.,, n:\rn m 11 i: r. In 19 69, Du Pont set foot on the moon,
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  • Page 8 Advertisements
    • 111 8 Open your mind to hospitality that knows no bounds. Peace and tranquillity in the heart of the city. Eden evoked in this tropical garden paradise. I <sfl I I Nowhere else will you find such standards of excellence. In Manila, there is now Shangri-La's Edsa Plaza Hotel. Enjoy special introductory
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    • 132 8 Spices, We Throw In Freshness. Faithful to traditional Teochew culinary art, our chefs at Hung KangTeochew v Restaurant do not use spice excessively to bring a dish to taste. Preferring instead to insist on up-to-the-minute-fresh ingredients to bring out the true taste of our food. And to complement a great
      132 words

  • THE REGION
    • 359 9 IHT PARIS After 18 months of gravity-defying leaps, Hongkong's residential property market appears to be headed for a correction. Since January 1991, prices have rocketed an average of 80 per cent, driven largely by speculators. But analysts are now saying that prices are
      IHT  -  359 words
    • 188 9 Reuter BANGKOK Myanmar's ruling generals over the weekend announced the release of 60 prisoners in what diplomats call a campaign to present a more humane face to the world after four years of direct military rule. Radio Rangoon on Saturday night announced that 27 male
      Reuter  -  188 words
    • NOTE BOOK
      • 50 9 MANILA Philippine Senate president Neptali Gonzales said yesterday that Malaysia must make concessions for the dropping of the Philippines' longstanding claim to Sabah. Mr Gonzales, speaking in a live radio interview, said Manila needed a "quid pro quo" on territory from Kuala Lumpur.
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      • 50 9 MANILA President Fidel Ramos said yesterday he had asked the Philippine Congress to speed up legal moves to re-impose the death penalty for heinous crimes, following a rash of murders and kidnappings. He also called on police to intensify efforts to track down kidnap gangs.
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      • 50 9 SYDNEY Two days after the Australian Labor Party won the Queensland state election easily, Federal Labor is facing a weak public opinion poll. The Morgan Gallup Poll says that support for the Federal Labor government slumped 1.5 percentage points to 38 per cent in September.
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      • 52 9 BANGKOK Thailand's top anti-narcotics agency has set up a committee to seize the property of suspected drug barons, a top official said here yesterday. The director of the Office of Narcotics Control Board said a committee would conduct secret investigations to gather evidence implicating known
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    • 400 9 Priority for financial reforms, infrastructure expansion BANGKOK Thailand will diversify further into the fields of providing services, capital and technology in order to become a trade, investment and financial centre for Indochina by 1996, Bank of Thailand governor Vijit Supinit has
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    • 262 9 Bernama LONDON Mahathir Mohamad said yesterday that Malaysia will maintain its current liberal investment policies which, among other things, allow majority stakes, including 100 per cent foreign ownership, of export-ori-ented manufacturing projects. As the policies had proven successful, there was no reason why
      Bernama  -  262 words
  • Page 9 Advertisements
    • 98 9 Clean indoor air. If you're serious about your indoor air quality problem, installing a Honeywell Heavy-Duty Commercial Air Filtration System is the right solution. If your job is an "indoor environmentalist," you may be aware that the air inside can be more polluted than the air outside. Some of the
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  • THE REGION/THE WORLD
    • WORLD WATCH
      • 94 10 TOKYO The US is ready to take measures to improve frigid ties with North Korea, including allowing direct telephone contacts, if Pyongyang will reciprocate, a Japanese daily said yesterday. Quoting sources in Washington, the Mainichi Shimbun said the measures under consideration
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      • 94 10 AMMAN Jordan is cracking down on a thriving "little Baghdad" in downtown Amman, where hundreds of Iraqi street vendors try to make enough money to send home to families struggling under the weight of UN sanctions. The governor of Amman announced at the weekend that the
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      • 109 10 DUBAI The United Arab Emirates plans to take its dispute over three small but strategic Gulf islands to international arbitration, a senior adviser to the UAE president was quoted yesterday as saying. "The UAE has decided to resolve the dispute on the basis 0f... international law
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      • 63 10 REGGIO CALABRIA, Italy Italian police who arrested 22 members of a kidnapping gang said last Sunday that they ran the abductions like a commercial business. "It was like Kidnapping Ltd," said a police spokesman. Accused of 19 kidnappings, the gang had a "board of directors" which
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    • 339 10 Reuter TOKYO Japanese business circles are clamouring for income and corporate tax cuts to help jump-start the stalled economy, but authorities are likely to oppose strongly any such move, analysts said yesterday. "There is enormous ideological resistance to cuts from the Finance
      Reuter  -  339 words
    • 187 10 Reuter BEIJING China's provinces are fiercely trying to protect their own interests by erecting barriers to interprovincial trade, causing huge losses to the national economy, the official Legal Daily said yesterday. The provinces had ignored repeated orders from the highest levels of government
      Reuter  -  187 words
    • 346 10  -  From Neel Patri in WASHINGTON CHINA could face cuts in its share of soft loans from the International Development Association (IDA) in coming years to make room for the World Bank affiliate's support for many new claimants, particularly the Central
      346 words
    • 227 10 AP, AFP SEOUL South Korea can promote small-scale economic exchanges with rival North Korea even before nuclear conflicts with the North are resolved, a government official has said. The remarks last Saturday by Vice-Economic Planning Minister Han Gap Soo could indicate
      AP,; AFP  -  227 words
    • 378 10 Herbal potions and snake balms provide cheap alternative AP HANOI With venomous snakes and scorpions, needles and herbs, impoverished Vietnam is providing alternatives to costly Western medicine. Traditional cures are giving way to modem practice elsewhere in Asia, but Vietnam has made herbal potions, snake
      AP  -  378 words
  • Page 10 Advertisements
    • 771 10 BUSINESS TIMES Toll-free Tel No: 737-0043 Fax No: 734 3698 WINGTAI WING TAI HOLDINGS LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an extraordinary general meeting of the Company will be held at the Summit Room (Valley Wing, Lobby Level). Shangri-La
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  • THE WORLD
    • 430 11 Signing to take place in a week, says Sakhalin governor UPI, AFP TOKYO Russian President Boris Yeltsin plans to sign a decree promoting development of four islands claimed by Japan, a regional government chief said in an interview published yesterday. With strained
      UPI,; AFP  -  430 words
    • 263 11 NYT WASHINGTON After more than seven months, the moratorium that George Bush imposed on most new federal regulations has had little visible effect in reversing the sharp growth of regulation during the first three years of his presidency, many policy analysts
      NYT  -  263 words
    • 293 11 Reuter WASHINGTON The good news is that money is returning en masse to Latin America. The bad news is that it may be harmful to its reviving but still frail economies. The International Monetary Fund (IMF) said last week that in
      Reuter  -  293 words
  • Page 11 Advertisements
    • 70 11 r muss I fji«, «i. -(bx. t&m, I mms. I mmiftwi I I I inwi&i m tfrfiu t&tp&j&m'i? Tel: *****81 file I H I Appointment Ads Help You Find The Right Candidate Business class like you never dreamed. m* Euro Sleeper: you can relax in our new business class sleeper
      70 words

  • 477 12 EDITORIAL IF there are any lessons from the slender margin of victory for the aye-sayers in Sunday's French referendum on the Maastricht Treaty, one of them must surely be that treaties on such grave matters as European union ought never to be signed in undue haste.
    477 words
  • WHAT THE OTHERS SAY
    • 304 12 IT IS not that Russian President Boris Yeltsin did not have his reasons. The Kurile islands are not only a strategic issue, not only an economic issue, not only an issue for the 25,000 people who live there: they are a national issue. Territorial integrity is
      304 words
    • 110 12 THE rise in the number of Muslim divorces to 1,021 last year is certainly cause for concern. What more, the highest percentage of divorces occurred within the first five years of marriages. While incompatibility is cited as the main reason, other factors such as economic problems
      110 words
    • 105 12 THE HDB Residents' Priority Scheme to be implemented next month will help preserve family and community ties. There are other ways of enhancing residents' sense of belonging to the estate they live in. The facilities in older estates, for example, must be improved. The scheme is the
      105 words
  • REGIONAL VIEWPOINTS
    • 188 12 THE decision by Britain to make public its latest proposal on financing Chek Lap Kok airport reflects a new approach to relations with China by playing the public opinion card. Where once the British would go to great lengths to maintain a veil of secrecy around the
      188 words
    • 191 12 MINISTER of Home Affairs Rudini was not joking when he said a few days ago that the gubernatorial election in East Timor has been the most orderly when compared with those held in several of this country's more "advanced" provinces, such as West Sumatra, South-east Sulawesi or
      191 words
    • 139 12 WITH the resolution of the Northern Territories issue pushed back even further by the postponement of a trip to Japan by Russian President Boris Yeltsin, the brakes have been applied to the expansion of financial assistance to Russia through the use of public funds by the Japanese government
      139 words
  • 1440 12  -  More and more American companies have been caught falsifying company data, reports Diana B Henriques Diana B Henriques NYT THE NAMES are toppling like financial dominoes: Phar-Mor, the Ohio drug store chain; College Bound, a school-test coaching service in Florida, and Gottschalks, a retailer in
    NYT  -  1,440 words
  • Page 12 Advertisements
    • 337 12 23-24 November 1992 Melia Hotel, Kuala Lumpur 26-27 November 1992 Hilton International, Singapore An intensive two day workshop on Dr Wheeler has worked in the NZ Economic international best practice in accounting and Development Commission, a Treasury based financial management for all government "think tank", and as economic analyst for
      337 words
  • Page 12 Miscellaneous
    • 66 12 DOONESBURY GARRY TRUDEAU fNALLY.'A OWPOERUHOI TRUE-, UTTIE NEIL GOT AMP JEB MAY HAVE WOU...YDU REAUYARB I Etmottes FAMLY WLUES' I CAUGHT UP IN THAT AWFUL ACCEPTEP A FEUJ CONTRfBU- DEAP IN THE MATER. I S&LMESG.AtV GEORGE JR. WNSFROM CROOKS ANP 1 wniaam rrl Titer i HA9 BEEN ACCUSEP OF SURE,
      66 words

  • ANALYSIS
    • 709 13  -  Australian Prime Minister Paul Keating, who will be arriving in Singapore on Thursday, gives Sydney Correspondent Florence Chong an insight into Australia's relationship with its neighbours and his world view Florence Chong AT HIS very first press conference as the Prime Minister of Australia,
      709 words
    • 2205 13 PAUL KEATING comes to Singapore with a strong message Australia has changed. It is no longer the rich continent closeted by a wall of protection whose trading links were tied to Britain, Europe and the United States. Today's Australia trades largely with nations in Asia, which it
      2,205 words
    • 456 13 PAUL KEATING, 48, who once described himself as the "Placido Domingo of Australian politics", became Australia's prime minister in December. He was the Federal Treasurer for eight years before resigning from the front bench last June after losing his first leadership challenge against then Prime Minister
      456 words
  • Page 13 Advertisements
    • 43 13 «t 1 Legendary Discover a menu that's quite extraordinary. A 3-course Business Lunch at $32++ including a complimentary glass of wine. Sr S tfte C J SINGAPORE Call 733 8888 far retemaauns. I Oacaden R«d (off Orchard Road) Oimpltmeruary valet parking Stnpporc 1024
      43 words

  • Page 14 Advertisements
    • 231 14 (What leading industry consultants are saying about NCR's System3ooof U [NCR's] open, cooperative i 1 computing... a model of how open systems should be pursued.)) International Data Corp., (IDC) USA NCR has liberated the computer. The System 3000 is built around And its users. I economical microprocessor technology Now you
      231 words

  • INNOVATION & TECHNOLOGY 1
    • 842 15  -  Helen Chang reports on a Singapore company that got rid of the background noise in cordless telephones Helen Chang CORDLESS phones are handy, fun to use and annoying. Their problem? That fuzzy background noise. Now, a local company has acquired the technology to make clear-sounding
      842 words
    • 150 15 AP SANYO Electric Co has co-developed a semiconductor chip that simplifies colour television manufacturing by allowing adjustments to be made by computer instead of by hand. The company announced in Tokyo earlier this month that the chip, developed jointly with France's Thomson Consumer Electronics,
      AP  -  150 words
    • 617 15  -  Geof Wheelwright describes how the humble equipment has become an indispensable part of the office Geof Wheelwright FT SINCE the facsimile machine started to become a popular business tool in the early 1980s, it has changed out of all proportion. Once a slow and
      FT  -  617 words
    • 595 16  -  Apple's David Nagel talks to Claire Leow about the challenges facing the electronics industry Claire Leow THE future is digital be it for computers, telecommunications, electronics or media and publishing. But the digital age will not materialise so easily, said David Nagel, senior vicepresident of
      595 words
    • 219 16  -  Teh Hooi Ling reports on*plans to improve information transfer Teh Hooi Ling FOUR of the world's largest industrial automation system suppliers have come together to develop a truly open fieldbus communication media plus software that conveys messages from field sensors to control room systems. Japan's
      219 words
    • TECH TAKES
      • 106 16 SING APORE Compaq Computer Asiaiha&tannounced a slew of products built on Intel's latest 486-t>Xz-66 microprocessors, the company said yesterday. Its Djpkpro 66M (three models) with graphics capability starts. |t a list price of U554,799 (557.678) while its Deskprp 4nS6i (four models, starting at a list price
        106 words
      • 100 16 SINGAPORE Epson Singapore has appointed Asian Computer Services its authorised dealer to market and support the full range of Epson printers, aimed at corporate users. Tony Chafeg, sales manager of Epson Singapore, said: "Asian Computer Services, which distributes a wide range of computer hardware and serves
        100 words
      • 48 16 SINGAPORE Hon<Sywell Inc and General Electric Company have formed a joint ventre to market, sell and distribute their complementary lines of industrial control components. Called GE/Micro Switch Control Inc, the new company will serve castomers' factory control needs through a single sales and service organisation.
        48 words
      • 68 16 SINGAPORE Digital Equipment Corp, due to launch its powerful Alpha-chip-based computers next year, received a boost from leading software developer Lotus Development Corp. Lotus will develop Unix versions of its next generation 1-2-3 spreadsheet and the popular Ami Pro wordprocessing software for Alpha workstations for
        68 words
      • 81 16 SINGAPORE Singapore Computer Systems Ltd (SCS) has launched a package to train personal computer users. Its Skillßuilder program uses Multimedia CD-ROM technology and runs on PCs so people can learn as they work. Developed by Applied Learning Inc of the United States, the package
        81 words
      • 53 16 SINGAPORE Japan's NEC Corp plans to set up a joint venture to develop computer software in China, the company said last week. It wants to secure software engineers and its business base for the future. This would be its first Chinese joint venture
        53 words
  • Page 15 Advertisements
    • 56 15 j CORRIGENDUM "HOW TO START AND EXPAND YOUR BUSINESS" Particulars of the 'Seminar* advertisement in the Business Times Sep 21 issue should read as follows:Date Saturday, 26/9/92 or 10/10/92 Time 3pm to spm Venue Westin Hotel, Mercury Room, Level 4 Cost Ss6B per participant IWe apologise for any inconvenience caused.
      56 words
    • 573 15 Allow us to spell out the features of the new LQ-100 personal printer. I L I L 1 P (R ABC C PERSONAL PRINTER RELIABLE EASY TO OPERATE COMPACT I $C MV "Wl iJL S I M vw AV t m V w. w» 'av.W m. M WVN VA MW
      573 words

  • Page 16 Advertisements
    • 91 16 jbbl I Bi I |S9 [I RELIVE THE OLD WORLD CHARM OF CAMBODIA'S ANCIENT CAPITAL FROM 1 OCTOBER 1992. SILKAIR TAKES YOU NON STOP TO PHNOM PENH EVERY TUESDAY, THURSDAY AND SATURDAY. ON THE WAY, YOU'LL EXPERIENCE A STANDARD OF SERVICE THAT IS UNIQUELY ASIAN FROM OUR WARM AND FRIENDLY
      91 words


  • Page 18 Advertisements
    • 1105 18 Nothing Beats A Bud. where to wine, dine or Local Tea Time delights at Chatterbox OMH.JM every Saturday and Sunday. 3 pm to 5.30 pm. $14.50+ per person $8.50+ per child (below 10 yrs) Mean* Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 2pm to 6pm $16.00+ per person
      1,105 words
  • Page 18 Miscellaneous
    • 702 18 TELEVISION AND RADIO Bitter Dill *mes: f& T ,c r sasaKir TwsssaKsr v v\/X W'J From the Newsroom follow- 6.30 WMh the Quran (M) X 7.25 PM Opening followed by The ed by Talkabout (Game 6.45 VW Sad (M). BBC, 88.9 mHz in VHF Band H ■KTTnRTTTmHH NfcMty BusioessNeporL Show).
      702 words

  • LIFESTYLE
    • Article, Illustration
      714 19  -  Claire Leow reviews Blue Remembered Hills. She finds it one of the better offerings by The Necessary Stage for the year Claire Leow There were crickets calling, traffic humming and mosquitoes a-plenty but at least the audience had it good. They bought rattan fans to fend off the
      714 words
    • 572 19  -  Vincent Canby recalls 30 years of the New York Film Festival Vincent Canby NYT Halcyon nights, and some not so, at the annual New York Film Festival. When it opens on Friday, the festival will be celebrating 30 years at the same Lincoln Center stand. In the 30
      NYT  -  572 words
    • 582 19 CHATTERBOX" THE Big Blackfoot River in Montana is lovingly portrayed in Robert Redford's latest movie, but the water was so polluted he had to go elsewhere for filming. Redford hosted a screening of A River Runs Through It in Bozeman, Montana, last Saturday to
      582 words
  • Page 19 Advertisements
    • 178 19 AND ENTERTAIN jTj.;'vltJyHßELi THE ORIENT EXPRESS Capture the spirit of the Orient with culinary flavours from the Chinese kitchen. At Cafe-io-the-Park Every Tuesday Buffet Lunch from 12 pm Buffet Dinner from 6.30 pm A, per person ANAHQ^ For reservations, please call SINGAPORE 16 Nass«m hhi Sngaoce 1025 732-1222 extension 1700
      178 words
    • 102 19 B_^S^NES_STTIMES Toll-freolM No: 737-0043 Fax No: 734 3608 (H) PERTAMINA "PERTAMINA 35TH ANNIVERSARY SOUVENIR PUBLICATION" IT HAS COME TO OUR ATTENTION THAT CERTAIN ORGANIZATIONS HAS BEEN CONTACTING OUR BUSINESS ASSOCIATES CLAIMING THAT IT HAD BEEN APPOINTED BY PERTAMINA (THE INDONESIAN STATE OIL AND GAS COMPANY) AS ITS OFFICIAL AGENT IN
      102 words
    • 149 19 f^ST^R Don't miss this unbeatable Lobster Promotion! Cooked in its varied ways to bring out that unique flavour, take your pick from our Chef's recommendations or our set menus from $68 (8 persons) to $338 (10 persons). Available from 12 to 30 Sept *92 at China China Restaurant, Nishiki Restaurant
      149 words

  • SPORTS
    • SIDE LINES
      • 80 20 KENT, Washington Coleen Walker notched up her third victory of the year on Sunday when she triumphed in the U*****,000 LPGA Safeco Classic at the 6,222-yard Meridian Valley Country Club here. She came home two strokes clear of fellow-Americans Vicki Fergon (69) and Rosie
        80 words
      • 90 20 PADOVA, Italy Laura Davies continued her onslaught on the Women Professional Golfers' European Tour on Sunday when she notched up her third Italian Open victory. The British player finished five strokes clear of her closest rival Sandrine Mendiburu of France 14-under-par on 274 after a spectacular final
        90 words
      • 125 20 NEWCASTLE-UPON-TYNE, England Kenyan runner Benson Masya set an unofficial world best time on the way to defending his title in the Great North Run half-marathon race on Sunday. His time of 60 minutes 24 seconds was three seconds faster than the previous best, set by Australian Steve
        125 words
      • 69 20 LISBON Olympic marathon champion Valentina Yegorova of Russia won the women's division of Lisbon's 25-km Jumbo Road Race on Sunday, 22 seconds ahead of Hungary's Karolina Szabo. Yegorova ended the three-year winning streak of Portugal's Rosa Motta, the woman she replaced as Olympic champion. Yegorova finished
        69 words
    • 357 20 AP COAL VALLEY, Illinois David Frost was as erratic as the cold, wet weather on Sunday, posting four birdies and six bogeys in a round good enough to let him hold on and win the Hardee's Golf Classic by three strokes. Frost shot a
      AP  -  357 words
    • 238 20 AFP SHANSHAN, China Mitsubishi took the first three places in the 15th and most scenic stage of the Paris-Bei-jing Rally on Sunday. On the 395 km special sections of the drive from Korla, Germany's Erwin Weber was fastest and was
      AFP  -  238 words
    • 384 20 Reuter ST NOM-LA-BRETECHE, France Briton Mark Roe had the biggest win of his career on Sunday, despite hitting two spectators during the last five holes, with a final 65 in the Lancome Trophy golf tournament. World number one Nick Faldo, seeking a
      Reuter  -  384 words
    • 127 20 Reuter INDIANAPOLIS, Indiana Raymond Floyd achieved a unique double on Sunday by capturing the GTE North Classic Senior Golf tournament to become the first golfer to win PGA and Senior Tour events in the same year. Floyd, who earlier this season won the Doral Ryder
      Reuter  -  127 words
    • 322 20 AFP SVETI STEFAN, Yugoslavia Bobby Fischer, the American grand master, won the 11th round of the showdown with Russian-born Boris Spassky on Sunday, taking his lead to five games to two with three draws. Fischer, playing white, had an immediate advantage over Spassky
      AFP  -  322 words
    • 530 20 AP ROTTERDAM Belgian balloonists Bert rand Piccard and Wim Verstraeten reached the coast of Portugal early yesterday and won the first transatlantic balloon race, organisers said. The duo floated over the shore near the northern border with Spain at 0148 GMT after more than four
      AP  -  530 words
  • Page 20 Advertisements
    • 297 20 f KOREAN PAVILION 1 1 GIobaITRONICS 92 B 9 Thinking of investing and expanding your business in Korea? Here's your B 4 opportunity to know more about the electronics industry in Korea. Korea Trade B 3 Centre has specially organised a national pavilion at GIobaITRONICS 92 which will m J
      297 words
    • 18 20 For news on trends availability of commercial industrial developments, don't miss this special focus "Commercial Industrial Properties". mggCjjM
      18 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3866 21  -  By Sylvia Wong THE Singapore stock market quietly drifted downwards yesterday, ignoring several international and local developments. Overseas, French voters narrowly ratified the Maastricht Treaty and most major markets held steady on that news. On the home front, OCBC yesterday joined DBS Bank
      3,866 words
    • Article, Illustration
      68 21  -  By Quak Hiang Whai THE monthly charts show Tan Chong Motors on a downward trend with three successive lower bottoms. Strong resistance is seen at $2.00 while long-term support is seen at $1.10-$1.20. A break below that level could mean much sharper falls ahead. In the near term,
      68 words
  • Page 21 Advertisements
    • 61 21 Singapore: THE HOUR GLASS Lucky Plaza Tel. *****20/1 Scotts Tel. *****27/7198 Centrepoint Tel. *****98/603 •Peninsula Plaza Tel. *****09/*****63 \OL J^JLA Palais Renaissance Tel. *****62/543 Raffles Tel. *****41 jlP^ 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 Y
      61 words


  • 3342 23 Sg Way TSR97 79 +17 +27.4% M Cement 50* 264 +10 3.9% Sungei Way 223 +10 +4.7% Antah Hldgs SO* 110 +8 +7.8% M1SC Foreign 428 +8 +1.9% Tech Resources 71% 6% +10.0% Land General 134 +6 +4.7% Keck Seng 150 +5 +3.4% SPK-Sentosa 83%
    3,342 words
  • Page 23 Advertisements
    • 225 23 YOU CAN DEMAND A SECTOR. UNDERLAB SERIES E£7/ m Sole Agent K.K.M. MARKETING PTE LTD. 1 Maritime Square, #09-33 World Trade Centre, Singapore 0409. Telephone: 270 7682 (3 Lines) Facsimile: 270 2836 wt— mom and arrano i»ui/u) m catiwat iwomld tmm ccntm) itmou *u watcmo mo uathcr. *n ia luckt
      225 words

  • BT SHARE INFORMATION SERVICE
    • 205 24 fl ""«y Date Year Gtm» Net HM Mrategs 6ro*» mo to pram/lMs (L) ptr tkara dtvteMd CMO) (ctott) Pan Pacta Sep 11 Mar 92 $412($795) 1.3(2.5) GPB Sep 7 Mar 92 J13,952(112.546) 41.3(47.9) 11 8TE(11TE) Sep 7 Mar $7.755($10,140) 23.5(31) 10(10) "bm Sep 7 )un 92 M$4,109L($5.688L) Kamunbng
      205 words
    • 298 24 C— —y Date Yaar 6raa» pra-tax Mat aaratega «n to prrflt/lm (L) per star* dhrtoaad COOO) (e*to) First Capital Sep 18 Jun 92 $27,992(111.436) 9.9(5.5) 2(1) Heshe Hidgs Sep 18 )un 92 $7.684($4,255) 4.8(1.7) 5(5) Eu Yan Sang Sep 14 Jun 92 J2,059(11.426) 9.4(5.1) 1(1) GK Goh Sep
      298 words
    • 632 24 mmI I tato Half-yMr 6r*» pre-tax y**". M t» pr«it/lms (I) ilirtiMi HK Land Sep 18 Jun 92 US$179,500(1169.600) 30(28.5) SPKSentosa Sep 18 Jun 92 M$419($754) Sun Cocpn Sep 18 Jun 92 S512(S150L) MKaT fcpl7 Jon 92 *572(5622 2TE(3TE) SfC Sep 17 Jun 92 $19,567 ($60,147) 0wvF.ru. Sep
      632 words
    • 890 24 Carraat Ex Baafcs Date Tatel tar Tatel tor pay it date dm payaMa tea yaar last yaar AIOB 50c 3.5%(b) Sep 10 Sep 24 Oct 23 3.5% 3 5* Aona 5* (I) Sep 18 Sep 30 Od 15 5% 12 2* Mti tUp 50c 6*(b) Aug 26 Sep
      890 words
    • 181 24 Sep 18 Pertama Groif) has announced that its subsidiary, Pertama Audio Pte Ltd, has sold its property at Peninsula Plaza to a third party for $630,000. Pentei-Schwecer Crcuits Pte Ltd announced that it was selling two leasehold properties at Kian TecK Road for $1.1 million each through wholly-owned
      181 words
    • 191 24 Company Rights htm Goktan Hape One-for-sn MSI 50 per stare Ex-date Aug 27 8ooks dose- Sep 10 Acceptance t Pigment Oct 22 MAS One-lor-one MJ5 00 per share Ei-date Sep 7 Books dose: Sep 21 Acceptance t Payment NYA OUT 0*-k* h»o $150 per stare Ei-date Aug 19
      191 words
    • 250 24 United Industrie Corpn Ltd: EGM at the Summit Room, Shangrßa Hotel, Orange Grove Road, Singapore 1025, on Tuesday, Sep 22, at 10.00 am GP Batteries kitematkrai Ltd: AGM at The Oriental Hotel, Ballroom 2, 5 Raffles Avenue, Marina Square, Singapore 0103, on Wednesday, Sep 23, at 10.30 am.
      250 words
    • 324 24 la bad an SS U» 4y yr &y yr dy yr 18 Mb cfagr cbgt cfcge dy dg dige World 386.3 0.8 -5.4 0.7 -6.8 0.5 -6.1 $EAFE 452.8 0.9 -9.8 0.9 -11.1 0.7 -10.4 Europe 408.4 1.7 -0.7 1.4 -3.5 1.2 -2.8 Pacific 667.8
      324 words
  • 593 24 Relative Strength Index: This indicator measures the rate at which prices move up or down, and theoretically ranges between zero and 100. In practice, it normally fluctuates between 10 and 90. RSI is calculated over a specified period, say 13 days, and is derived from the formula: 100
    CHARTS BY BRIDGE  -  593 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5303 25 Bernama SPECULATIVE support for selected lower-liner stocks took share prices in Kuala Lumpur to a moderately higher close yesterday but major players continued to be sidelined. The KLSE Composite Index at the close rose 0.45 of a point to 587.99, the Industrial Index
      Bernama  -  5,303 words

  • CHINA STOCK EXCHANGES
    • 413 26 CLSA MARKET focus fell on Shanghai's Vacuum A yesterday. The company announced a one-for-two rights issue priced at 700 yuan each. The domestic market took the news badly, which resulted in Vac A losing 8.75 per cent to 1,157.5 yuan. However, it
      CLSA  -  413 words
  • JAKARTA STOCK EXCHANGE
    • 950 26 JAKARTA share prices closed mixed in quiet trade on thin volume yesterday, brokers said. "Investors are very cautious. There are individual players still, but they are getting selective," one broker said. Brokers said they saw no signs of major movement in
      950 words
  • STOCK EXCHANGE OF THAILAND
    • 2151 26 Reuter MASSIVE buying, spurred by progress on forming a new governing coalition by prodemocracy parties, pushed the Bangkok stock index near to a 17-month high yesterday in the most active trade of the market's history. The SET Index ended 33.30 points higher
      Reuter; Source: Bridge Info  -  2,151 words
  • Page 26 Advertisements
    • 56 26 mm hi mmm /uw II I 111 feA II III 1 I ■'Ml 111 II I I Find out in I I■ I I HI I H I I Ir I I■ I I ▼111 Personal Investment and Finance. I■ I I Ift Ift MII I I I H 1
      56 words

  • TOKYO STOCK EXCHANGE
    • 2522 27 Reuter TOKYO STOCKS surrendered earlier gains to close lower yesterday. Tomorrow's public holiday and continuing uncertainty in the currency markets after the French referendum on European union kept many investors away, brokers said. Steady in-dex-linked buying, however, helped limit the downside. The 225-share
      Reuter  -  2,522 words
  • STOCK EXCHANGE OF HONGKONG
    • 2469 27 Reuter HONGKONG share prices rose steadily throughout the day to end above the 5,700point level yesterday, helped by the narrow "yes" vote on the Maastricht Treaty in France on Sunday, in continued thin trading. The blue-chip Hang Seng Index rose 52.21 points to
      Reuter  -  2,469 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2068 28 Reuter AUSTRALIAN shares kept a steady path to close firmer yesterday, but just off their opening highs, in quiet trade. "It's pretty thin overall," one broker said. "We're still wiping the sleep off our eyes." Brokers said France's narrow "yes" vote on
      Reuter; Source: Bridge Info  -  2,068 words
  • REGIONAL STOCK MARKETS
    • Seoul counters plunge on political worries
      • 52 28 INDICES TURNOVER Ooae -i rTT>iom Sep 21 NEW ZEALAND NZSE-40 Capital 1,475.34 1,474.43 +0.91 MANILA Composite Index 1.410.65 1,421.33 -10.68 Turnover (mil pesos) 182 329 •147 TAIPEI Weighted Price Index 3,481.90 3,437.60 -88.03 Turnover (NTS billion) 16.18 23.9 -7.72 SEOUL Composite Stock Index 521.54 540.55 -19.01 Turnover (billion won) 240.4
        52 words
      • 826 28 SEOUL STOCKS plunged sharply yesterday as an anticipated season of political unrest put further pressure on the fragile market, artificially bolstered last month by a government bail-out. "Investors are restless as they seem to believe President Roh Tae Woo's resolution to quit the ruling party might invite political turmoil,"
        826 words
      • 559 28 THE CHINESE community's anxiety about rampant kidnappings and the fall of telephone stock PLDT in New York weighed heavily on the Manila share market yesterday. The Manila Stock Exchange Composite Index eased 10.68 points to close at 1,410.65. Losers sharply outpaced gainers 26 to three. Brokers said fears that
        559 words
      • 508 28 LATE BUYING yesterday pulled Taiwan shares to end off lows but brokers said the market would remain shaky after major player Lei Po-lung was detained on Sunday over last week's massive stock payment defaults. The Weighted Index, which plunged more than 130 points at one stage, closed 88.03 points
        508 words
      • 337 28 NEITHER A better-than-expected result from Air New Zealand or a note issue from market leader Fletcher Challenge could breathe life into a sleepy New Zealand share market yesterday, which closed flat on light volumes. The NZSE-40 Capital Index closed at 1,475.34, up 0.91 point on the day. "It
        337 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1252 29 REPORTS STERLING fell by about 2 per cent against leading currencies in early trading in London yesterday and by more than 2.25 per cent against the mark to a record low point. Sterling was down by more than six
      1,252 words
    • 411 29 Cross rates sep2i USS SS MS Dm Yen SFr AS NZS USS 1.6040 2.5095 1.4730 123.80 0.5765 1.2920 1.3774 1.8553 SS 0.6234 1.5645 0.9183 77.1820 0.3594 0.8055 0.8587 1.1567 MS 0.3985 0.64 0.5870 49.3325 0.2297 0.5148 0.5489 0.7393 Dm 0.6789 1.0889 1.7037 84.05 0.3914 0.8771 0.9351 1.2595
      411 words
    • 529 29 Interbank rates St Bid Offer Overnight 1 1 1/4 1-month I 5/8 I 3/4 2-month I 11/16 1 13/16 3-month 1 3/4 1 7/8 Overnight mode: 1-1/2 USS Bid Offer 7 days 3 1/8 3 1/4 1 month 3 1/4 3 3/8 2 months 3 3/16 3 5/16
      529 words
    • 373 29 Bloomberg LONDON British interest rates could drop one point to 9 per cent by the ruling Conservative Party's annual conference on Oct 6, and to 7 per cent by next summer, after the government of Prime Minister John Major withdrew from the European
      Bloomberg  -  373 words
    • 1492 29 SIMEX EUKOOOiiAir Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 %.82 96.84 96.83 3800 8822 ***** Mar 93 96.74 96.76 96.74 96.74 3700 5221 ***** Jun 93 96.42 96 46 96.42 96 43 2319 3821 9001 Sep 93 96.05 96 08 96.05 96.06 1025 2389 3357
      1,492 words
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  • COMMODITIES
    • 417 30 Bloomberg NEW DELHI Indian tea manufacturers are suffering from the collapse of what used to be their largest export market, the now defunct Soviet Union. The supply of tea on world markets is outstripping demand because of a decline in tea
      Bloomberg  -  417 words
    • 213 30 Bernama SUBANG Brazil and Mexico have invited the Malaysian private sector to participate in the development of their rubber industries. Malaysian Rubber Research and Development Board (MRRDB) chairman Ahmad Farouk Haji SM Ishak said yesterday both countries were very keen to have
      Bernama  -  213 words
    • 749 30 REPORTS MALAYSIAN crude palm oil prices closed steady on further covering interest yesterday, supported by steadier palm oil futures values and talk that India will be looking for more palm olein this week, dealers said. But falls in Chicago soyoil futures last Friday
      749 words
    • 1484 30 OOl> l MljSMaiW^WWWRMWMMIMWMWMMW'iWMMiMWWaaaHl^^ Rubber m$ CiwuiKy Eiduf (hrturw dmfm *—0 HSS1C—tract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Oct 92 0.00 0.00 140.25 0 1,175 Nov 0.00 0.00 138.75 0 3,425 Dec 136.75 136.50 136.50 200 3,925 Jan/Mar 93 135.50 135.25 135.50 225 16,350 Apr/Jun
      1,484 words
  • Page 30 Advertisements
    • 417 30 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 IN THE MATTER OF KYHOLD INVESTMENTS PTE LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act (Chapter 50) that a Final General Meeting of the members of
      417 words

  • 1066 31 •>>! wurti niim v nkw nil 1/ i/l.1 nil 1 UIlL J CHjr Fight ETA Fight ETD atj Fight ETA Fight ETD Aha NMM GA974 GA886 0005 0010 Karachi SQ417 PK772 0600 1930 SQ41 PK77: 3 1245 2235 GA893 1345 GA982 0250 Rata Klaahata SQ187 1350
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  • THE TRAVEL PAGE
    • 692 31  -  LETTER FROM MOSCOW By Steven Erlanger THE Arbat, Moscow's half-mile pedestrian mall, is Russia's capital of poshlost, but amid the dross are scattered treasures and a glimpse of how the new market economy, bribe-ridden, actually functions. Vladimir Nabokov, who should have known, declared poshlost untranslatable. It encompasses
      692 words
    • 151 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1582 1.1745 Canadian dollar 1.2986 1.3250 NZ dollar 0.8550 0.8728 Sterling pound 2.7608 2.8000 US dollar 1.5980 1.6050 Local dollars to 100 uhs of fadf CHUM.) Austrian schilling 15.13
      151 words
    • 68 31 Duration Title Venue Organiser Tel Oct 20-23 International Brno, Foires ET 42-5/*****8 Exhibition of CzechosloExpositions 42-5/*****4 Inventions A vakia de Brno (fax) Novel Features Oct 20-24 International Zagreb, Zagrebacki ********** Fair of InformaYugoslavia Vdesajam Duration Title Venue Organiser Tel tics. Telecommunications A Office Equipment Oct 21-25 International
      68 words
  • Page 31 Advertisements
    • 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. Wa know Sun»pa from aUrt to Ftaniah
      38 words
    • 7 31 Advertising Marketing in Business Times every Thursday
      7 words
    • 174 31 WE TRUST CISTS WILL FIND ill NEW ROOMS MORE COMFORTABLE. ■I We know you'll spot the two and Mischief Lounge plus restaurants I queen size beds in each newly offering exotic Japanese and Cantonese I renovated room. (And if cuisines. Singapore's most I there's space for two beds, exciting street,
      174 words
  • Page 31 Miscellaneous
    • 150 31 nc»>s ._.,...,.iim Jabbers' and initates 29 He made the round sum sound rum (7) 30 Time-table? (6,6) 14 a meal in the kitchen (5) YESTERDAY'S SOLUTION DOWN 15 Bilingual article on the 1 Scottish surprise at the cause of amnesia (5) HHEHOCKOCiJVHi contents of the cheese roll 19 "Colonist" in
      150 words
    • 169 31 Singapore Owboofcj Showers om several area* bi the late morning and tarty afternoon. Report Maximum temperature 32.1 Assoc humidity 66% Minimum temperature 2S.S Assoc humidity 85% Hours of sunshine 8.0 Rainfall in mm. 14.6 Rainfall this month. 63.1 Rainy days this month 11 Ufn.lH ■„n wofifl repon Asia-Pacific Hi/Lo* Good.
      169 words
    • 17 31 CLfcSucwL or pfc'esrs Houe.. U«nE.TVHS CSPftX,COLO,CRPmPeI> vvv xx \xnN LW P*HD cHeeßLe.ss 0FF1CE..... NCWSPAPCRS LTD, IM-1M W4-
      17 words

  • 538 32 French referendum on Maastricht Treaty Reuter, UPI BRUSSELS European Community and world leaders expressed more relief than joy at France's narrow 'yes' to Maastricht, but disagreements over the way ahead to European integration were already beginning to boil yesterday. Politicians and
    Reuter,; UPI  -  538 words
  • 371 32 Reuter WASHINGTON Europe's exchange rate grid, dented under massive pressure from currency speculators, still looks defensible, the head of the committee of European central bankers said in an interview on Sunday. Erik HofTmeyer, chairman of the European Community's central bank governors'
    Reuter  -  371 words
  • 171 32 Reuter STOCKHOLM Sweden has announced major and permanent cuts in its welfare system, which economists said should save the kronor from devaluation if European currency markets stay calm. The lower handouts for pensions, sickness, injury, housing and other welfare payments, combined with higher
    Reuter  -  171 words
  • 345 32 Reuter PARIS Following is the full text of a televised statement by French President Francois Mitterrand on Sunday after French voters narrowly approved the Maastricht Treaty on European Union in a referendum (unofficial translation): "My dear compatriots, we have just experienced on this
    Reuter  -  345 words
  • 196 32 Reuter WASHINGTON President George Bush on Sunday resurrected a five-year-old proposal to strengthen economic co-operation among the world's richest industrial nations by making greater use of gold and other commodities as a measure of monetary worth and economic performance. In an apparent
    Reuter  -  196 words
  • 111 32 AP HONGKONG Hongkong tycoon Li Ka-shing is negotiating with authorities in the southern Chinese city of Shenzhen to participate in a USSI.B billion (552.88 billion) plan to reclaim land from the South China Sea and develop it, a Chinese report said yesterday. Mr Li
    AP  -  111 words
  • 265 32 Agencies BANGKOK Share prices leapt 4 per cent on the Thai stock market in record high trading volume on Monday, reflecting confidence about the stability of the next government. The Stock Exchange of Thailand (SET) Index closed up 33.3 points at 868.75.
    Agencies  -  265 words
  • 770 32  -  The Bottom Line NEVILLE STACK NEVILLE STACK The writer is a UK-based journalist who contributed this comment to BT WHATEVER now happens on the road to European political and monetary union, there will always be 48.95 per cent of the French population
    770 words
  • 123 32 Bernama KUALA LUMPUR Officials from the six Asean member nations yesterday began three days of meetings to discuss further tariff cuts under the organisation's free trade accord. A Malaysian Ministry of International Trade and Industry spokeswoman said the outcome of the closed-door meeting would only
    Bernama  -  123 words
  • Page 32 Advertisements
    • 55 32 f Singapore's most popular Nitsukof*?Telephone System CANADA INVESTMENT OPPORTUNITIES MARGARET FOREMAN, areol estate agent (ram VICTORIA, R.C., CANADA withes to discuss investment properties with prospective purchasers. Complete PORTFOUOS with tome VIDEO TAPES of residential properties available Guaranteed rental returns. Inquiries held in the strictest confidence lor appointments please contod MARGARET
      55 words
    • 201 32 SINGAPORE CONIM Cm Distributor of the most sought after M Key Telephone System Tel: 278 7088 J Mk V/,iilLi Vfj .W JfeBj^^^^HB6n£ AH* 1 I wffTrj^yP^JIl k m |**JBP f f i*9$$Jl HLgkatfi H l.v- if i ■^^KHPM3P^Brf^^HBM^^^^BIE«Bi !,^^%^^^«iii>4 sxjan i|U 11 Hp I Bj Available ncluiiwH SINGAPORE Burb*rm Shop*
      201 words

  • Shipping Times
    • 512 33  -  Cargo volume rises marginally despite lifting of sanctions By Amir Khalil SINGAPORE Despite the lifting of economic sanctions against South Africa, Singapore companies have yet to rush in to take advantage of the newly-opened market. This is evidenced by the marginal
      512 words
    • 402 33  -  From Dee Rissik in JOHANNESBURG SOUTH AFRICA'S ports have been granted the biggest ever budget for the year 1992/93 to improve their facilities. The move is expected to facilitate exports and also attract international players to use the country as a transshipment
      402 words
    • 142 33 Knight-Ridder JOHANNESBURG Safren, South Africa's shipping company and the holding company for Safmarine and Rennies and Kersaf Investments, reported a "satisfactory" operating profit of 771.9 million rand for the year ended in June, 13.5 per cent above the previous year. Turnover for the year was
      Knight-Ridder  -  142 words
    • 557 33 Collision between oil tanker and container ship Types of cargoes carried raise spectre of catastrophe AP KUALA LUMPUR The fiery collision of an oil tanker and a container ship in the Straits of Malacca on Sunday came amid efforts by the neighbouring countries
      AP  -  557 words
    • 147 33 AFP LONDON British naval insurance company Lloyd's warned ships in the Straits of Malacca to be on the lookout for survivors from a blazing collision between two ships Sunday, calling for "caution". Quoting the director of marine in Singapore, Lloyd's said "many crew members"
      AFP  -  147 words
    • 888 33 Page Col ABC Containeriine 12 1 Accord Group 8 1-3 APL 5 3-5 Alpha Feeders 6 1 ANL 3 1/2 Asia Cont Lines 14 5 •ASCL 5 9 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Bank Line, The 9 5
      888 words
    • 226 33 AFP KUALA LUMPUR The International Maritime Bureau (1MB) said it was launching an investigation into a collision in the Malacca Strait between a Japanese oil tanker and a container ship that left one crewman dead and 14 others missing. "As it is our duty to study
      AFP  -  226 words
    • LOG BOOK
      • 99 34 KUALA LUMPUR A cargo ship crashed into a disabled small boat carrying 31 Indonesians in the Straits of Malacca, throwing most of them into the sea, police said on Sunday. It was not immediately known how many had been rescued after the collision
        99 words
      • 111 34 HONGKONG One person is missing after a fire broke out in the engine room of a 70,069-dwt Liberian- registered tanker, a Marine Department official said. "The person is believed to be trapped in the engine room," the official said, adding the fire had been put
        111 words
      • 118 34 LQNDON The captain of a UK trawler claimed a Frenchboat deliberately fouled his nets, the coastguard said on Sunday. It was the latest in a series of incidents involving UK an<JFrench fishing boats. A coastguard base at Newlyn, in Cornwall, received a radiomessage from a
        118 words
      • 84 34 LONDON Marc Rich quoted two new cargoes and Czarnikow Rionda opened with a new cargo in late trading on the sugarfreight market, brokers said. The charterer has a bagged cargo of 11,400 to 13,000 tonnes for Sep 2S-30 loading from Santos to the Mediterranean. Seven
        84 words
      • 119 34 MANILA At least two international flights were turned back yesterday from the Philippines because of heavy ash in the atmosphere following a fresh explosion at Mount Pinatubo, but no major eruption was expected soon. Manila international airport manager Guillermo Cunanan said a Cathay Pacific flight
        119 words
    • 801 34 It's mini-boomtime for German finance institution Hamburgische Landesbank as owners recently rushed to take advantage of the weak dollar to secure containership orders Lloyd's List THE recent weakness of the US dollar against the deutschemark was exploited by German containership owners who were on spending spree
      Lloyd's List  -  801 words
    • 996 34 CONTINENTAL Grain was rumored to have covered a Panama* grain cargo from the US Gulf to Russia, but details were not disclosed, brokers said last Friday. The charterer originally had sought tonnage for 50,000 to 55,000 tonnes of heavy grain, sorghum or soybeans for September 24-28 loading. But
      996 words
    • 8699 42 This is a list of ships loadii at Singapore for ports arour the world. It tabulates, t destination, the name of tl ship, the shipping line ii volved and the estimate dates of arrival and departui from the Port of Singapon LEGEND PN: ship calls at Penang
      8,699 words
    • 2721 47 i\.BC Coutainertine NV: Belsin Shpg Agencies Pie Ud (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine Calsource Shpg Trdg Pie Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg (S). Albatroa Sea-Air Service: Frata Shpg Pte Ud (S).
      2,721 words
    • 265 47 Abacas Couriers Tel: 545-8011. Fax: *****98 Air Express Travel Td: 533-5771. Fax: *****44 Airborne Freight Corporatioa Tel: 542-8844. Fax: *****16, *****80 Ainwift Worldwide Coarier Tel: 278-0188. Fax: *****83. AJS Sapplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Liak Interaabonal Tel: 344-3377. Fax: *****50. Qaatei link Sapplies A Services
      265 words
    • 1469 47 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Acthak Singapore Td: 542-78*2 Fax: *****20. AeroHak Freight lntemaboaaJ Td: 545-8033. Fax: *****05. Aeroapeed Td 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express laleraatioaal Tel: 542-7666. Fax: *****74, *****50. Air
      1,469 words
    • 3488 48 ALBANIA Darres: One vessel in port discharging general cargo Sheagjiai: One vessel in port discharging bottled beer. ARGENTINA Labour working normally. Baton Aires: Not much changes since last week; congestion for vessels requiring deep draft berths, in some cases with delays of up to 3-4 days; other berths
      3,488 words
    • 553 48 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY NCA KZ203 B747F 0145 I NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 I SEL NCA KZ204 B747F 0335 1 BKK/NRT JAL JL6I7 B747F 0345 1 TYO KAL
      553 words
    • 202 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Nat of Voad ETA fc.'IU Pom of Cilh Port Ayt Telephone No SEPTEMBER 23 23 Fantasy World 1000 1900 Sin-Jakarta Sembawang Johnson Mgt 227-8284 27 27 Fantasy World 1000 1900 Sin-Port Idang Sembawang Johnson Mgt 227-8284 30 30 Fantasy World 1000 1900 Sin-Jakarta
      202 words
    • 667 48 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young VESSELS ON OFFER Bufc Carriers Pohing: 118,167 dwt and built August 1972 Mitsubishi, on best outright offer. King William: 78,239 dwt and built .1974 Espanoles, on offer for USS4.Bm net. Coutiaeutai Reliance: 65,224 dwt and built June 1983
      The information was contributed by Simpson Spence & Young  -  667 words
    • SHIPS IN PORT
      • 788 49 No Berth km* Pqwrtirt Vnui Voy Ho 8erth km* thpartiM Marina Terminal 1 Smssco 88 21/09* POIA 2109/1000 2109/1200 Batam Maiu *****2 M04 alongside 22.09/0500 To<* Mun 07/92 P06 2109/1730 2109/2300 Batam (form *****2 M05 alongside 22.09/2300 [jrwn 389 P04 2209/1200 2209/2300 Batam Sayang *****2 M04 alongside
        788 words
      • 159 49 Penam Port hi the roads: Hock Huat, Valetta I, Malayan Princess. Bg Smga Mas, Bg Soon Hock 11, Seatran Express, Kasturi, Eng Huat Hock, Korean Sapphire. Jmtan Putih, Alam Indah, Lee Yip Leung 1, Vigour Trader. Out on Sep 21: Santos, Adventure Queen, Stoit Sprit Anson, Victory,
        159 words
      • 1646 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SHp Way No CatammWi Shp Vo? No CantMtn Izvestia 53MF92 20.0992 0700 Manon 023N COO(EST) *****2 0700 Sentosa Jaya 044S 20 0992 0715 Takan IV 4-066 COO(EST) 21.09.92 1500 Arktis Smu 902 20.09.92 0730 Cape Ray 2209 COO(EST) 20 09 92
        1,646 words
    • 775 50 Oct 5 6: Conference on Qualify Control in Asian Shipping, organised by IBC Technical Services Limited at the Marina Mandarin. For further details please contact IBC Technical Services at tel: 732-1970. Oct 13-16: Seatrade Asia-Pacific Cruise Convention, organised by Seatrade. The event will take place at The Westin
      775 words
    • 442 52  -  By Dexter Lee SINGAPORE Truck and trailer owners in Singapore will have to spend between $9 million and $12 million over the next couple of years to meet a new Registry of Vehicles (ROV) safety requirement. The money will be used
      442 words
    • 231 52 AFP AUCKLAND Air New Zealand yesterday said it had scored a huge jump in profit, with the former state-owned international carrier making NZ$l IS. 1 million (S$ 100.1 million) for the year to June 30. The profit in the proceeding year was just
      AFP  -  231 words
    • 204 52 Knight-Ridder BUENOS AIRES Argentina has awarded a group of Canadian and Argentine companies a 30-year lease to modernise and operate freight service on the state-owned Gen Julio A Roca railroad, the Economy Ministry announced last week. The 3,362-km, wide-gauge railroad links the provinces
      Knight-Ridder  -  204 words
    • 293 52 NYT NEW YORK In its clearest signal yet of its determination to change its marketing. General Motors Corp is reviewing its Oldsmobile advertising and considering a change in agencies after 25 years with Leo Burnett USA. Oldsmobile executives last week notified the Burnett
      NYT  -  293 words
    • 381 52 UPI BOMBAY The United States and Germany have blocked an Indian shipment of a deadly chemical to Syria on grounds it could be used to manufacture nerve gas, the exporting company said on Sunday. The Bombay-based United Phosphorous Ltd said the refusal
      UPI  -  381 words
    • 280 52 UPI ROME An American airliner with Italy's Treasury Minister and the governor of the Bank of Italy aboard returned to Rome airport with engine trouble on Friday shortly after taking off on a flight to Washington, DC, airport officials said. The plane,
      UPI  -  280 words
    • 280 52 AP SEATTLE Irish lessor GPA Group pic has reached an agreement in principle with The Boeing Co to delay the delivery of some of the 154 jetliners it has on order, a Boeing spokesman said last week. GPA, the world's largest aircraft
      AP  -  280 words
  • Page 33 Advertisements
    • 26 33 LtaM m* MrvlcM rff»»—|>< Htmkwt §1 the lUgMry «f AcctmHM (}mEXh SMmMus AfMts, Ihfimfi Nattoml SMvpwg AtSOOIIKKi. XiVT*^/ For advertising enquiries, contact Shipping Times: Tel 740-2089^40-2090
      26 words
    • 162 33 '.i- bC'.- v r a* [TTTk' J.i BTOEFMI Bring Your Suppliers And ;y Markets In Europe •;Closer, Quicker, More Reliably-WithCGM. Whether you're bringing summer cotton and C< r rT sending back fall fashion, or importing low loaders exporting HiFis, you a who the and bolts the Now a 140-year tradition
      162 words

  • Page 34 Advertisements
    • 87 34 FOR SUCCESSFUL MANAGEMENT OF YOUgj^NESS 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
      87 words

  • Page 35 Advertisements
    • 2663 35 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 \k\§i/ BOOKINGS TEL: *****34 *****58 TERMINAL/CFS TEL: *****18 220 ITBftftMn PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. L %SSSf A PORT KELANG TEL: *****18 FAX: *****91 *****88 Dedicated to Quality Service Sg^Ji^rFS*^' CFS TEL: 3,8806 HBBWi P GUDANG TEL: *****2/3
      2,663 words
    • 1347 35 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT 4 f'ffl f /I If A I I 1 VSI/VOY SW NYC BAL I OftF I SAV I m UOOM *11 2/19 5/11 7/11 l/U 11/U I«mn 17/1# a/u 12/11 a/u a/n M
      1,347 words
    • 1446 35 ■ra..,Mj L-l!JIUIJ WEEKLY DIRECT CALL TO NAGOYA AXEL MAERSK V.9214 ETA SIN 28/9/92 ETA NAGOYA 8/10/92 Ve»«l Voy ETA ETD Feeder by DESTINATIONS Leerorl/Aries Ttw «Mk Mednor MmtW 9206 ■I.9«WMf.fBWWT>aWIPrtmHW^WaWTaWW»I^HMWWaWimiI^— cv 29/9 oaoo mrs mn CFS 21/9 2359 HRS JOH LPK PEN OAK LGB HOU MEM ATL MIA CMS BAL
      1,446 words

  • Page 36 Advertisements
    • 1381 36 n dam/ VOY NO S PORE JEDOAH SHAMTON H BURG ANT LE HARVE HAMBURG EXPRESS 10/138 24/9 3/10 17/10 13/10 12/10 I. NU WESTBOUO HANNOVER EXPRESS 10/338 27/9 14/10 16/10 19/10 20/10 HUT nfl MM fflWfl KURAMA 18/139 1/10 10/10 24/10 20/10 19/10 CHIA Tfi IM/ttnmr FRANKFURT EXPRESS 64/339 4/10
      1,381 words
    • 467 36 FCL Bfeakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sote forwarder in Kabul for all services C.1.5.-Vostochny, Vtedivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam a Mongolia a Hungary CSFR a Poland ocwrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ETA SIN VILLE DE TUCANA 24/09 VILLE DE CANOPUS
      467 words
    • 1481 36 I BawiMMMwl REGULAR INDEPENDENT FULL CONTAINER SERVICE I VBL/VOV SIN ALG BCL^HA|!^BRE!^RO^^ANT^FE^^LIW^|. NORASIA SINGA 9229-3 22/09 14/10 16/10 18/10 19/10 20/10 21/10 22/10 23/10 4. NORASIA SUSAN 9230 3 29/09 21/10 23/10 25/10 26/10 26/10 27/10 28/10 29/10 NORASIA SHARJAH 9231-3 05/10 28/10 30/10 02/11 03/11 04/11 05/11 06/11 07/11
      1,481 words

  • Page 37 Advertisements
    • 1931 37 STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppd Towers Singapore 0208 Tofc *****88 Fax: *****17 ACCEPTS CARGO DUE SAB.S SINGAPORE PtOM PCNH 22 23 *«P 22 S«p 25 S«p MKT(S PtHCfSS *5205 25 Sep 01 Oct li? i"" AUKIIS PWNCESS W207 07 Oct 13 Oct £TMITS KNTIK V23t
      1,931 words
    • 2278 37 I SINGAPORE AGENT: \3j\jm m Aflfoif|Al*C P&O Containers (Singapore Agencies) Re Ltd X O 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 W Te,: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 r z wxa VOT 'MM VC66CL VOT ACT HOT NAM NV UK LOUtS MAERSK 8210
      2,278 words

  • Page 38 Advertisements
    • 640 38 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE m/WY STOK HMM/ttAM H'OK BKMEN «T!Of KUIM/2CNB 6/10 J/11 15/11 21/11 23/11 MTMUM/Ufn 2V21/11 31/12 2/1 VI 10/1 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sublet to Mucmmol. Atso accepting cargo to Cmi Mmci, Poet Said, Port Alexandria, Genoa, Trieste. ALSO
      640 words
    • 1376 38 0 HANJIN SHIPPING FOR VSI SM UK HAUL LGB OAK FDR YSL SM IIK HAU. SAV 1M NTC HMHN HONGKONG 035E 27/9 OKECT 18/10 21/10 HAMN KUNSAN 07* 28/9 H SAVAIMAH 034E 5/11 C/U </U HANJIN SINGAPORE 007E 410 DIRECT 2510 28 10 fISHGUARO BAT 2UN 5/10 M AMERICA 005
      1,376 words
    • 1165 38 I r mm.,! ,n ST. US. IS?. B n °i Ju o««*»*cu*««"wii»««tnia«m.*rß IJ 2/! 2£ ,i{,!,M!..'(J!M! u/il n/u 4/111/11 7/11 /u wu >*/u »/u 21/11 i/uu/u ivu ivu I I SSJV2, .1111 J/2 li'!! »>*• /l Wll Wll M/ll 25/11 24/11 27/11 7/1217/12 22/12 I ,i! .10! 2! I? 12
      1,165 words

  • Page 39 Advertisements
    • 2140 39 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) 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 K.L.(03)
      2,140 words
    • 1125 39 i 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 EASTBOWD—OSCHMOMG WESTBOUND-LOMMNG TRANSHTPED VIA ROTTERDAM *«tu wt law
      1,125 words

  • Page 40 Advertisements
    • 1587 40 H_ AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD <CR No: **********0 M) 14 W W WT\ TEL- *****77 TELEX: KAWAKIRS23I6S FAX: *****07/^9 M m rmi M MALAYSIA: 'K* UNE MARITIME (MALAYSIA) SON BHD J A 4 TEL 5A*****00 PK *****01/5 PENANG632O2O JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA LAUTINTERNUSA
      1,587 words
    • 1152 40 PHIU-OM€NT UN€S PTC LTD W I—loB Robinson Road #07-00 GMG Building Singapore 0106 Te1:*****22/*****69/*****00Telex: R*****0FAX:*****76 *****38 BY AIR, LAND OR SEA.... '7§S 3&L WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATI tW[Bff 18 SEP SYDNEY. MELBOURNE. BRISBANE. FREMANTLE rn 18 SEP AUCKLAND. WELLINGTON, LYTTLETON, NEW
      1,152 words

  • Page 41 Advertisements
    • 2009 41 JJaL PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E I JAKARTA I I BANGKOK I VESSEL VOY SIN BKK SIN VESSEL VOY SIN JKT SIN EQUATOR CRYSTAL 109N 23/9 26/9 30/9 I™™%™ KOTA SURIA KSR37N 23/9 28/9 30/. KOTA MOAH
      2,009 words
    • 866 41 p P GUDANG| PENANG I PKELANG I OCEAN VSL. VOY SIN SOUl' OTM i2> HAM i.3: GOT (4) g 18/9 18/9 19/9 AROSIA 2372 22/9 9/10 11/10 12/10 14/10 g 25/9 25/9 26/9 NIHON 2382 29/9 16/10 18/10 19/10 21/10 q 2/10 2110 3/10 BENARTY 2392 6/10 23/10 25/10 26/10
      866 words
    • 286 41 °BSA° TR AN SPO RTATIO N M MYANMA pBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Sport P.Kit fen f.Gdf MANDAIAY *35* In ft f*YA VI24N to ft 19/21 Sep PAGAN VlB6* to ft SO (fA AA Vlll* ta ft NIGERIAN NATIONAL SHIPPING LINE H# NIGERIA EXPRESS
      286 words



  • Page 44 Advertisements
    • 2952 44 Full Container Liner Services Malaysia's Agents: Indonesia's Agents: General Agents: Booking Agents: Gnan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P.T. Global Putra Indonesia Maritime Costar Shipping Pte Ltd Stowing Fniglrt Baking Centre S4n BM 58 Persiaran Raja Muda Musa Lot 3.34. 3rd floor. Jl IR H Juanda
      2,952 words
    • 262 44 SAMUOBU MWIM (S) PTC LTD 18 McCALLUM STREET #03-41/02 NATWEST CENTRE Singapore 01M Tatac R*****0 Tat: mwi-l Fax: 229 4S3S, 277V1M FOR BOOKINGS CALL MRECT UNE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK LAWANTI 978 IN PORT 25/08 (FRO 06 RAJA T 1000 23/09 (WED) 26AM (SAT) MERKUR DELTA
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  • Page 45 Advertisements
    • 632 45 (j£ FAMOUS CONTAINER LINES —10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 27/9 ROTTERDAM 27/9 HAIFA/ASHDOD/ALEXANDRIA 27/9 HAMBURG/BREMEN 27/9 MARSEILLE/FRANCE 27/9 FELIXSTOWE/UK 27/9 BARCELONA/SPAIN 27/9 LEHAVRE/ANTWERP 27/9 GENOA/ITALY 27/9 GOTHENBURG/SCANDINAVIA 27/9 LOS ANGELES/ WC/IPI 27/9 SYDNEY/MELBOURNE 24/9 NEW YORK/EC 27/9 FREMANTLE/ADELADE 25/9 VANCOUVER 27/9
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    • 713 45 Si TEL: *****33 (12 Lines) FAX: *****15/*****03 |KH| TELEX: RS ***** RISHIP (3 Line*) |]3B ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOADING FOR SPORE ANCMNET 28WB 18/10 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA ASSAY WONZ 34W8 10/11 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA (9
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    • 429 45 JAKARTA BANGKOK I— m I g 11 mr iw i NANA mm 159S 23 OS 20/09 MAHA BHUM# I?SW W«d 23/09 Siw 27/09 BENiA BWA 4M 2S/Q9 n/09 lARU BHUM 43N Fri 25/09 Mmi 71/09 WRN* BWM 160S 30/09 3/10 NRHTA BHUM 10RH Ui 25/09 tM 30/09 WNiA BKJM 4«S
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    • 323 45 mm® Ttfitn-une VSL VOY SNGAPOfIE MADRAS SMQAPOfC VESSB VOT MM nsa spot ***** una 27-20/00 omo/io Ttt* STM m 24-25/00 10-01/10 07-08/10 181 BMW 22* 20-20/00 M-M/lt 12-IVIO IM KM 01-02/10 00-00/10 15-10/10 VSL VOY MNQAPOWC/CALCWTA/MNQAPOWE vnsa vot smi cm m nsa ma ikob mud 27-01/10 07-01/10 CKLf MfLS 102
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  • Page 46 Advertisements
    • 1564 46 PUUIMAC-NELS groupage l-lv/v JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 23/9 24/9 25/9 Hong Kong Ldn/Fh/Rdm/Ant 25/9 26/9 27/9 27/9 28/9 29/9 Hong Kong Gburg/Chagen/Shohn/Oslo 27/9 28/9 29/9
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    • 47 46 CONVENTIONAL SERVICE VESSEL ETA SM TO IBM 25/9 COLOMBO/MADRAS IBM 23/9 BAM)AR ABBAS IBM 27/9 KAMX. A/BOMBAY/KARACHI TBN 24/9 CALCUTTA/CMTTAGONG TON 2C/9 DUBAI/DAMAM/KUWAIT ALSO AVAL ABLE FOR VANGON/JAKARTA/MAMLA. LCL/FCL SERVICE MADRAS/CALCUTTA/COLOMBO WEEKLY SERVICE BOMBAY/KARACH/CHTTAGONG MEEKLY SERVICE DUBAI/DAMAM/PORT LUIS/DURBAN FORTNKHTIY SERVICE comim* MIES FOR MADRAS/CALCUTTA AW CaONBO AMtABLE
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    • 311 46 mp BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKL LVT SIN PREMER 20$ 2/10 14/10 16/10 1/11 MUIBtRA 29S 15/10 27/10 29/10 15/11 AUST STAR 0530 26/10 7/11 9/11 26/11 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH. NAPIER.
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    • 1191 46 THONG SOON UNES PTE. LTD. Ml 77 RO6MSON ROAD #15-00, #16-00 SIA BUIWNG SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 •Sr TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO I CONVENTIONAL/CONTAINER I 66wtAlNgR SERVICES I SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL |VOY [S'POtE IttST VESSEL VOY
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  • Page 48 Advertisements
    • 136 48 LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle throueh vour imagination. K 7 We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take
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  • Page 49 Advertisements
    • 16 49 Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in BT.
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    • 106 49 I want my cargo, and here they arel For speedy and efficient seafreight forwarding services, talk to RITRA We are always on time. Whatever your shipping requirements are, let RITRA handle your cargo... safely and effectively. RITRA CARGO (SINGAPORE) PTE LTD Seafreight Division 10, Anson Road RITRA CARGO •17-17 International
      106 words
  • Page 49 Miscellaneous
    • 288 49 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0100 0900 *****100 **********00 *****600 *****1001 NO 2000 2100 2210 2301 JR 09 08 08 09 1.1 14 17 19 19 19 1.7 16 1.4 1.4 14 16 18 2.1 2.4 2.6 2.6
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  • Page 50 Advertisements
    • 449 50 1 Wfek LIAN HUAT SHIPPING CO (PTE) LTD. I 10 Anson Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT Daily receiving cargo at Pasir Panjang Terminal PT4 Tel: *****97 FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (YANGON) VESSEL ETA ETD DESTINATION
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    • 701 50 I. .i cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNG P.O. LOADING FOR A VESSEL 28/09 Rotterdam/An twerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.G. LOADING FOR: TRANS ASEAN 15/09 20/09 Huang pu'Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please
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    • 510 50 Mq®gx£ 800 Australia <& New Zealand Weekly LCL Consolidation fern CARGOFLO t Singapore-Australia Fremantle Adelaide Melbourne Sydney Brisbane Singapore-New Zealand v I Auckland Wellington Lyttleton 1 1 mfNew Plymouth Napier Christchurch J re/.-*****88# w/rgy- *****83 7ZZ MSKH DISTRIPARK PTE LTD 77 Robinson Road #16-02 SIA Building, Singapore 0106 Singapore Tel:
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  • Page 51 Advertisements
    • 1136 51 ▲HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE KSSaS PHA+ PKE+ I SB I »1K AWT* LEH* HAM WE) FEL ft FRONTtR JOIN 25/09 25/09 27/09 16/10 19/10 17/10 17/10 17/10 20/10 SI. MMWO 301* 09/10 09/10 11/10 30/10 30/10 31/10 31/10 31/10 03/11 SL FREEDOM 301W 23/10 23/10 25/10
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    • 430 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO t HEAVY LFTS INBOUND VESSELS vtssL m v n ue u ewKTuaa KM- CAUTAi BS I U INU I FT 24/1 BUM MtM 121 77/1 UK M M 71 71/1 CtflK MSB 2$ 1/11 1/11 vm FIMU II 4/11 CBBEXSB ST 2 1
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    • 952 51 our usa SERVICE CALLS fmtm |m Ira |m>m It* m uu lom |m |m lea/ In IS Iwrc SINGAPORE J** 2 DIRECT EVERY »in nm ituMWi twar tmm a-nm ii/i» ivu u/u u/u >«/» ivu ivu n/n urEnMBRnAV on mm liit ucra m tjmt M/tMi/ii li/n n/u 21/ m 21/u
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    • 128 51 »BMTAN6 MAS SNIPPING PTE. LTD. 39 NQL ROAD SMGAPORE 020S TEL: *****U TLX: R*****5 SMMER FAX: *****64 ACCEPTS ran OF CAKO STORE DO TIM TUNS mcwT rum. vik 2122 Up 23-24 up Nan u*m ■NTANG KLMT V2IE 24-25 Up 26-27 Up BM*. W. Ml mcutr MK VI7E 26-21 Sep 26-29
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  • Page 52 Advertisements
    • 119 52 I rii |B|jßßilWß|JMLll|ll|l|M|lß|Bl|||lMy|MM u "—7 L '->L v ■.">/ v> >, -$sJ. •> 1 t t -»f■ \i y I r-,~--'4®s* t\ *v- > w-* .■;:-v\y:': /;v S •<";•'•' y' m "j ;V X';':. ''<£> \(Y ?>..Z A \s 'vV ?(W'' '•v" V* V:x 3f. •£<: .--x >; V^C >
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    • 5 52 Every Saturday in Business Times
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