The Business Times, 29 September 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times MITA (P) 35/12/91 Tuesday, September 29, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • 67 1 JAKARTA Visiting Malaysian Information Minister Mohamed Rahmat promised Indonesia yesterday that stern measures would be taken against those responsible for a Malaysian television programme about the killing of protesters in East Timor. His Indonesian counterpart, Harmoko, had asked for an explanation
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    • 61 1 HONGKONG Hongkong recorded a HK$26.B billion (555.5 billion) trade deficit for the first eight months of this year equivalent to 4.4 per cent the value of exports, figures showed yesterday. Its inflation rate for the period eased to 8.3 per cent, the lowest since inflation
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    • 44 1 JAPANESE prosecutors have agreed to let off lightly Shin Kanemaru in spite of the fact that he took 500 million yen (556.68 million) in illegal funds, incurring the wrath of not just business and political leaders but also ordinary citizens Page 2
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    • 39 1 IN a further step towards market reform, China will end central control over the prices of a wide variety of agricultural products although a handful of key items will remain under government control Page 3
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    • 35 1 A LAST-minute compromise yesterday settled an explosive rift in one of the new Thai government's main coalition parties, but the incident highlighted the potential for fragmentation in Chuan Leekpai's fledgling administration. Page 10
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    • 28 1 ROSS Perot is offering a bold and drastic plan to eliminate the US federal budget deficit in five years and reinvigorate America's economy. Page 12
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    • 23 1 CELLworks, a set of standard software tools, enables manufacturers to develop, integrate and operate automated work cells and factories Page 17
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    • 34 1 THE Transpacific Westbound Rate Agreement (TWRA), a grouping of carriers of which Neptune Orient Lines is a member, has announced sharp hikes in its bunker surcharges. Shipping Times Page 1
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  • MARKET SUMMARY
    • 26 1 WALL STREET stocks were mixed early yesterday, drifting uncertainly after last week's slide. The Dow average dropped 1.62 points to 3,248.70 after one hour.
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    • 23 1 LONDON share prices were lower at midday yesterday. At 1150 GMT, the FTSE 100Share Index was down 26.2 points at 2,574.8.
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    • 38 1 GUTHRIE GTS Ltd, which announced that its interim net earnings almost doubled to $4.09 million, said it was calling for a one-for-one rights issue to raise at least $40.2 million for its expansion. Page 4
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    • 25 1 L&M Group Investments Ltd changed its accounting policy after its takeover by Guthrie GTS Ltd and produced better year-end results Page 4
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    • 33 1 CHINA'S official media called yesterday for constraints to be imposed on the country's stock market experiment to keep it from running out of control and damaging the economy. Page 8
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    • 37 1 THE global reinsurance industry is facing a crisis after a spate of natural disasters, losses on credit insurance and fire industrial risks over the past few years, said a top French insurance executive. Page 9
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    • Article, Illustration
      29 1 Monday Change BT-MGA 654.40 +3.44 Kuala Lumpur ....610.65 +8.05 Tokyo 17,972.61 -422.15 Hongkong 5,597.20 -88.% Sydney 1,496.5 +0.1 Friday Change New York 3,250.32 -37.55 London 2,601.0 -20.2
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    • 23 1 Exchange rates USS SS 1.6010 100 Yen SS 1.3375 MS SS 0.6385 Money market rates Overnight 1 3/4 unch 3-month 13/4% +1/16
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    • 34 1 London Gold AM fix US$349.00 +USS0.65 Rubber S'pore Oct 143.00*/kg +1.25 M'sia Oct 219.50*/kg unch KL Tin Turnover 43tonnes Spot MS15.95/kg -0.24 Crude palm oil Turnover 449 lots -364 Oct MS876 /tonne -5
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  • 608 1  -  More traders from Japan, US and Europe using Simex By Loretta McLaughtan SINGAPORE With the Nikkei futures contract now the star performer on the Singapore International Monetary Exchange (Simex), a number of foreign firms have beefed up their operations or set up
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  • 227 1 AFP JAKARTA The ruling Golkar party will endorse President Suharto for another five-year term in office, a press report said here on Sunday. "This is the right time for that since the DPR and MPR (House of Representatives and the Parliament) which will elect a
    AFP  -  227 words
  • 331 1  -  By Lilian Ang SINGAPORE Investors, stirred by the depreciation of the sterling, are actively seeking bargains in the London residential property market, a sector that they once viewed with only lukewarm interest. Property firms said they have been getting more enquiries. And,
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  • 382 1  -  By Colin Tan SINGAPORE The value of overseas construction jobs is expected to hit $1.2 billion this year, after a strong showing by local contractors in the first half. Figures released yesterday by the Construction Industry Development Board show
    382 words
  • 446 1  -  By Conrad Raj SINGAPORE Japanese stocks are again attracting investors trading through Singapore, after the Nikkei Average's fall to record lows in recent months. Nearly 40 per cent of the 11.4 billion traded in non-Singapore dollar stocks in the first half
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  • 211 1 Reuter PARIS Speculators have retreated after a crushing defeat at the hands of officials determined to defend the French franc's position in Europe's currency system. "It looks like they (the officials) have won this battle," said John Hall at Swiss
    Reuter  -  211 words
  • Page 1 Advertisements
    • 156 1 Nikon The World's Finest Photographic System. Aircraft Schedule 31 Jkt/Bkk/China Stocks 26 TV 4 Radio 18 Commodities 30 KISE 25 Unit Trusts 23 Company News 4,6,8 Money Changer Rates 31 Weather 31 Cryptic Crossword 31 Money Market 29 World News 12,13 Editonal 14 Regional News 10 Financial News 9 Regional
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    • 8 1 More S'poreans booking trips to Europe, Pg 3
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    • 78 1 Simex traders get holiday trading benefits, Pg 9 Osaka's loss is Simex's gain, Pg 15 Hock Lock Siew Lower interest rates a mixed blessing for S'pore firms, Pg 4 #TDB sets up group of traders to advise on Viet market, Pg 3 Psg#fr* 51 tank ellipse watch Extra Fine Mechanical
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    • 20 1 Nikon The World's Finest Photographic System Local forex trading soared as Europe faced crisis, Pg 2 Defending ERM, Back Pg
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  • PAGE 2 NEWS
    • 429 2  -  By Paul Leo SINGAPORE Foreign exchange trading in Singapore shot up in the week the European currency crisis flared, dealers said yesterday. They were speaking after the Monetary Authority of Singapore released figures showing that net daily average forex volume in
      429 words
    • 272 2 Its certificates will be recognised by universities overseas SINGAPORE A new expatriate school is planned here early next year. The proposed Australian International School (AIS) will use the old Methodist Girls' School premises at Mount Sophia and take students from kindergarten age up
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    • 269 2 SINGAPORE The cost of owning and using a car in Singapore seems disproportionately higher than in other countries because authorities there have underestimated the cost of congestion. Communications Minister Mah Bow Tan made this point in a recent interview with Petir, the People's Action
      269 words
    • 420 2 Reuter TOKYO Japanese prosecutors have agreed to let off lightly Japan's most powerful politician, in spite of the fact that he took 500 million yen (556.68 million) in illegal funds, incurring the wrath of not just business and political leaders but also ordinary citizens.
      Reuter  -  420 words
    • 280 2 SINGAPORE The Australian airline Qantas will extend child fares to youngsters up to age 16, under a promotional package which started yesterday. Under an International Air Transport Association ruling, child fares are usually restricted to youngsters up to age 12.
      280 words
    • 397 3 Beijing retains the right to intervene if prices fluctuate too wildly Reuter BEIJING In a further step towards market reform, China will end central control over the prices of a wide variety of agricultural products although a handful of key items will
      Reuter  -  397 words
    • 296 3 Reuter LONDON A British newspaper reported yesterday that the government plans to cut the multi-million-pound state subsidy to the monarchy in an agreement which would also involve Queen Elizabeth paying tax. The Guardian, quoting political sources, said Prime Minister John Major's Conservative
      Reuter  -  296 words
    • 409 3  -  By Chuang Peck Ming SINGAPORE Japanese capital, technology and management play important roles in Asia's economic development, Prime Minister Goh Chok Tong told a visiting economic mission yesterday. These assets, used with an outward-looking frame of mind, could boost the region's growth
      409 words
    • 119 3 AFP KATHMANDU A Pakistan International Airlines (PIA) Airbus A-300 crashed near Bhatte Dan da, in Nepal, yesterday, killing all 167 people aboard, the Home Ministry announced over state radio. Army rescue helicopters began searching for the aircraft at 3.30
      AFP  -  119 words
    • 295 3  -  Total turnover shrank in July despite record number of visitors By Sylvia Wong SINGAPORE Visitor firrivals hit an all-time high in July, but room revenue earned by local hotels continued to fail. Singapore Tourist Promotion Board figures released yesterday showed that room revenues in July
      295 words
    • 159 3 pStRREaiMM BSSfli Reuter WASHINGTON Billionaire Ross Perot has said he will make his decision on whether to enter the US presidential race by the end of the week. He said in a television interview that he would not announce his decision
      Reuter  -  159 words
    • 234 3 SINGAPORE Singaporeans are cashing in on the fall in the British pound and booking trips to Europe. Just a fortnight ago the pound was worth $3.20, but today it's around $2.75 and outbound operators big and small say
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    • 255 3  -  By Harish Mehta SINGAPORE The Trade Development Board has set up a Market Advisory Group of major traders doing business in Vietnam to serve as a resource centre for local businessmen venturing into the Indochinese country. Lee Ying Cheun,
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  • Page 2 Advertisements
    • 67 2 m The Swire Group How with our first flight H; I departing at 8.40 am to Hong Kong, you'll arrive at 12.10pm and have a headstart in business. I And if you'll like to depart later, I our other flights leave at 11.30 am land 3.50pm. Three daily flights Ito
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  • Page 3 Advertisements
    • 49 3 I ALL THE RIGHT —"LPOI I CONNECTIONS Located at the entrance to the city centre, this C l\ I I O new developfnent is now available for lease:- large floor plate, ideal for flexible layout commercial offices aesthetically designed terrace gardens on every floor 3l ambience Singapore River waterfront
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    • 14 3 Perot's deficit plan in the limelight, Pg 12 The Best of Baume Mercier ar
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 84 4 SINGAPORE British Malayan Trustees Ltd (BMT) has advised the holders of Inno-Pacific Moldings Ltd's 1992 loan stock that they will receive payment of 22 cents for every SI of loan stock. This follows BMT's receipt, as trustees, of $7.90 million from Inno-Pac as part-payment for
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      • 69 4 SINGAPORE OCBC Bank received shareholders' approval at an extraordinary general meeting yesterday to issue up to 131.52 million rights shares of SI each. The rights shares will be offered at $4.19 each to shareholders on a rcnounccablc basis. The new shares will rank pari passu with
        69 words
      • 20 4 SINGAPORE Jack Chia-MPH Ltd appointed Lim Hong Kcat as a director of the company on Sep 26.
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      • 31 4 KUALA LUMPUR Lien Hoe Corporation Bhd has agreed to acquire the Asiajaya Complex, a shopping complex in Petaling Jaya, for Ms 43 million (5527.5 million).
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    • 447 4  -  Guthrie plans to raise at least $40m through one-for-one rights issue Reports by Sylvia Wong SINGAPORE Guthrie GTS Ltd, which announced that its interim net earnings almost doubled to $4.09 million, is calling for a one-for-one rights issue to raise at least $40.2
      447 words
    • 324 4 SINGAPORE L&M Group Investments Ltd changed its accounting policy after its takeover by Guthrie GTS Ltd and produced better year-end results. The company, which posted a surprise interim net loss of $6.23 million because of a controversial accounting method before the takeover, reported
      324 words
    • 429 4 Bernama KUALA LUMPUR Ekran Bhd, which won the three-cornered tussle for Federal Cables, Wires and Metal Manufacturing Bhd (FCW), expects to be listed on the Kuala Lumpur Stock Exchange (KLSE) main board sometime next month, according to
      Bernama  -  429 words
    • 297 4 SINGAPORE Advanced Logic Research, a Californiabased computer maker partly owned by locally-listed Wearne Brothers, expects to post a loss for its Sep 30 fourth quarter. ALR expects the loss to be "less than US$3 million (Ss4.B million)" and says it will report a
      297 words
    • 267 4  -  By William Chia SINGAPORE Long-sus-pended Leong Huat Industries posted a group loss of $344,284 for 1991, bringing the group's accumulated losses to $11.21 million. Leong Huat, which released its annual report yesterday, said the group's accumulated losses now exceed the company's share capital by
      267 words
    • 290 4 MBT KUALA LUMPUR Boh Plantations is in the process of increasing the bumiputra shareholding in the company through a rights issue. Parent company J A Russell Co is giving a large chunk of the issue to Permodalan Nasional Bhd (PNB). PNB, a bumiputra
      MBT  -  290 words
    • 713 4  -  THE HOCK LOCK SIEW COLUMN By Amy Balan SINGAPORE The conventional argument that stock prices rise when interest rates head downwards has all but flown out of the window. The local stock market largely ignored the rate cuts by major
      713 words
    • COMPANY BRIEFS
      • 82 6 HONGKONG Real-estate and investment company Paliburg International Holdings has received a bid for a controlling stake in its subsidiary Richfield International, whose main assets are land holdings in the US, the two companies said in a joint statement yesterday. They said the conditional
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      • 80 6 TOKYO Isetan, a major Japanese department store, yesterday announced revised earnings estimates, saying it now expects current profit to fall 75 per cent to 1.2 billion yen (Ssl6 million) in the half year to Sep 30. Current profit for the year ending March 1993 would fall
        80 words
      • 100 6 SEOUL South Korea's Pungkuk Oil Co Ltd is likely to withdraw a lawsuit against Japanese, Chinese and Indian firms for dumping dyeing components on the market. In July, it filed a suit against Sanwa Kagaku Kogyo KK of Japan, Zenith Chemical and Sajjan Impex Pit Ltd,
        100 words
      • 89 6 SYDNEY TNT Ltd has announced that Peter Abeles has asked the company to accept his resignation as managing director of the international transport group. TNT said the board had accepted Sir Peter's resignation and appointed group finance director David Mortimer as managing director from yesterday. It
        89 words
    • 431 6  -  Strong sales boost results of HK property giant By Genevieve Cua SINGAPORE Sino Land Company Ltd, one of Hongkong's biggest and most aggressive property groups, yesterday announced a sterling set of results as net earnings and turnover more than doubled for the year
      431 words
    • 284 6 Knight-Ridder, Reuter NEW DELHI India wiU launch an over-the-counter (OTC) share market today in the western port city of Bombay. The Over the Counter Exchange of India, or Otcei, would conduct trading through a network of computers located at 130 centres
      Knight-Ridder,; Reuter  -  284 words
    • 244 6  -  From Koichi Ishiyama in TOKYO TOKYO-BASED Seiko Instruments Inc. Japan's leading watch parts manufacturer, is boosting production of watch parts in Singapore to beat rising costs in Japan and stay competitive in global markets. A spokesman for Seiko Instruments, which is
      244 words
    • 287 6 Reuter WELLINGTON Shares in Fletcher Challenge Ltd (FCL) slumped to a six-year low on the New Zealand Stock Exchange yesterday and have lost more than 47 per cent of their value in less than four months. Broking analysts said there were no apparent
      Reuter  -  287 words
    • 441 6 MARKET TALK Foreign investors help shares rise 13pc Reuter KARACHI The return of foreign investors and institutional buying sent Pakistan shares soaring 13 per cent last week in a leap that analysts said signalled a turnaround for the moribund stock market. "The share
      Reuter  -  441 words
    • COMPANY BRIEFS
      • 65 8 BOZEMAN, Montana Video Lottery Technologies Inc disclosed on Friday that Australian officials have questioned the integrity, honesty and reputability of the company. Video Lottery, which produces machines that allow players to gamble at poker and blackjack, said it disagreed with the conclusions of the
        65 words
      • 98 8 LONDON Goldman Sachs, the US investment bank, has given more than £1 million (£2.75 million) to the fund set up to relieve pensioners defrauded by the late tycoon Robert Maxwell, the Independent newspaper said yesterday. The paper quoted Gene Fife, head of Goldman's London
        98 words
      • 99 8 KUWAIT The country's stock exchange reopened yesterday more than two years after Iraq's invasion forced its closure. It was not immediately clear if share prices were higher or lower than at the close on the last trading day on Aug 1, 1990, the eve of Iraq's
        99 words
      • 78 8 WHITE PLAINS, New York International Business Machines Corp, Seer Technologies Inc and First Boston Corp have formed a US$2O million (Ss32 million) joint venture to create new securities-processing applications for the financial services industry. Under the agreement, IBM will gain expanded worldwide rights to Seer's
        78 words
      • 74 8 LA JOLLA, California Raytheon Co has acquired the assets of TRW's semiconductor business, LSI Products Inc, for an undisclosed price and will continue to operate the business in its present form. LSI currently has about 160 employees and supplies products for data acquisition, digital signal processing
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      • 36 8 LONDON Advanced materials and precious metals technology firm Johnson Matthey pic has bought Alta Group Inc, the world's leading supplier of high purity titanium which is widely used in the semiconductor industry.
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    • 561 8 Reuter BEIJING CHINA'S ofllcial media called on Monday for constraints to be imposed on the country's stock market experiment to keep it from running out of control and damaging the economy. "If we do not put certain constraints on stocks, stocks will inevitably
      Reuter  -  561 words
    • 404 8 UPI PHOENIX, Arizona Circle K Corp, the second-larg-est chain of convenience stores in the US, said it has dropped the price on its buyout deal by US$3 million (Ss4.B million) to U*****.5 million. The company, which has been operating under Chapter 11 bankruptcy
      UPI  -  404 words
    • 514 8 AP NEW YORK Kirill Dibrova, floor administrator of the fledgling Russian Stock Exchange, was warned for years about "the sharks of American capitalism". Now he and his colleagues want to swim like the sharks. For Mr Dibrova and 19 other visiting financial
      AP  -  514 words
  • Page 4 Advertisements
    • 180 4 I IN THE MARKET PAGES Tokyo shares plunge 2.3 pc 27 S'pore shipping stocks rise 21 \Are trade credit risks stretching youte the limit? Venturing into new and untried overseas markets can expose you to all kinds of risks and uncertainties. Whether from the credit worthiness of the buyer, or
      180 words

  • Page 5 Advertisements
    • 59 5 k t' n The Companies That Are Going Places Are Going To One Place In Particular. I -i Chesterton INTERNATIONAL LA In 1993, Ngee Ann City will open as the largest office development in Orchard Road lo arra lge leasing in 'jus .andmark building call Alastair .attreil or Gina Ng
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  • Page 6 Advertisements
    • 195 6 THE TOTAL BUSINESS CONCEPT ALEXANDRA POINT pfoAr- TECHNO PARK VJive your business the cutting edge by integrating your corporate headquarters, administration, R&D, manufacturing, warehousing, showroom, sales and service centre in Alexandra Point Techno Park. By locating these functions in the 25-storey office tower and two 8-storey industrial j 1 blocks,
      195 words
    • 137 6 Canadian International School (Singapore). The School, which Is fully accredited by the Ministry of Education in Ontario, r«ii«H« and registered with the Ministry of Education in Singapore, offers tuition to students from Grade 7 to the OAC level. Instruction provided by professionally certified Canadian teachers. An Internationally recognized diploma the
      137 words

  • Page 7 Advertisements
    • 274 7 w m Prime space now available at 27% off. We really more 2nd Prize Two Qantas all our International flights on First our Australian destinations. Plus 5 and Business Class, until December nights in Deluxe Accommodation So now you can budget as as .your legs to these 3rd Prize Two
      274 words

  • Page 8 Advertisements
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    • 668 8 ©The Hokkaido Takushoku Bank, Ltd. (Incorporated in Japan) BALANCE SHEET STATEMENTS OF INCOME (Non-Consolidated) (Non-Consolidated) As of March 31,1992 and 1991 (For the years ended March 31,1992 and 1991) Millions of yen Millions of yen 1992 1991 1992 1991 Cash and Due from Banks **,990 1,*****5 Interest Income Call Loans
      668 words

  • FINANCIAL NEWS
    • 367 9  -  Expert calls for quality information for underwriters to assess risk By Soh Tiang Keng SINGAPORE The global reinsurance industry is facing a crisis after a spate of natural disasters, losses on credit insurance and fire industrial risks over the past few years, said top French
      367 words
    • 544 9  -  THE SANG KANCIL mmmm By Shoeb Kagda The Sang Kancil weekly column tracks the profit/loss of a US$5O,OOO live account set up by futures house Refco. Relying on both technicals and fundamentals, the account will trade in currency, interest rate, commodity ana stock index
      Source: Refco Singapore  -  544 words
    • 299 9  -  By Quak Hiang Whai SINGAPORE Hit by Japan's securities slump, Kankaku Securities Co Ltd will trim 1,000 employees from its workforce. The costcutting exercise, however, will not affect the group's Singapore merchant banking subsidiary, sources here said. The second-tier Japanese brokerage announced
      299 words
    • 504 9 Reuter ZURICH Swiss voters have approved a wide-rang-ing reform of the stamp tax on securities transactions which banks have blamed for a sharp loss of business to other, more competitive financial centres. Official figures from 25 of 26 states showed voters
      Reuter  -  504 words
    • 283 9 Reuter TOKYO Long-standing conflicts between Japanese banks and the postal savings system are obstructing efforts to liberalise interest rates as a deadline to deregulate rates approaches, bankers and government officials say. As interest rates in Japan have fallen over the past two years
      Reuter  -  283 words
    • 448 9  -  By Soh Tiang Keng SINGAPORE The idea of working on Christmas Day or Chinese New Year doesn't grab many people, so futures trading firms are offering incentives to their staff who have to do this. Since the Singapore International Monetary Exchange (Simex) launched public
      448 words
    • SMALL CHANGE
      • 108 9 BANGKOK The Bank of Thailand is using its clout to offset the massive influx of foreign capital into the country and keep interest rates here at current levels, a news report said yesterday. Some US$l.l billion (Ssl.B billion) poured into Thailand during the
        108 words
      • 99 9 LONDON The Bank of England has called in police to investigate allegations that several of its employees took bribes from executives of the failed Bank of Credit and Commerce International (BCC1). "We passed the allegations on to the criminal authorities in view of the
        99 words
      • 89 9 HONGKONG HKCB Bank Holding Co will use the HKS3BS million (Ss79 million) net proceeds from its first share offering to fund acquisitions and the expansion of its banking business, the company said yesterday. As reported last week, HKCB will sell 200 million new shares at
        89 words
      • 107 9 TAIPEI State-run Chang Hwa Commercial Bank has got Japan's approval to upgrade its representative office to branch status, becoming the first Taiwanese bank to operate a branch in about two decades since Tokyo switched its recognition from Taipei to Beijing in 1972. The Economic Daily
        107 words
      • 112 9 ABU DHABI Oman is considering delinking its riyal from the dollar after a record decline in the US currency this year and could tie it to a basket of currencies, an Omani official said on Sunday. The move could remove a main obstacle to
        112 words
    • 223 9 SINGAPORE The Board of Commissioners of Currency will issue a silver piedfort proof coin and a block of four stamps for the first time to mark the board's 25th anniversary. Piedfort coins which are two times thicker than ordinary coins are much sought after by
      223 words
  • Page 9 Advertisements
    • 718 9 Consolidated Income Statement Years ended December 31 (FF millions) > 1991 1990 Credit du Nord Net banking income 5.587.5 MW.» Miscellaneous transactions L n General operating expenses (3.796 6) (3.603.5) Gross operating Income 1.858.0 1,320 3 Statutory Auditors' Report On S>* Consolidated Financial Statements Net operating Income 277 9 ZT
      718 words

  • THE REGION
    • NOTE BOOK
      • 69 10 HONGKONG The number of visitors to Hongkong climbed 14.2 per cent to 584,332 in August from 511,896 in August 1991, according to figures released yesterday by the Hongkong Tourist Association. In the first eight months of this year, 4.46 million people arrived in
        69 words
      • 72 10 MANILA President Fidel Ramos yesterday sought to calm fears of a defenceless Philippines following the withdrawal of US troops from the Subic Naval Base by the end of the year, adding that internal threats were a bigger problem. Earlier, he had said that the armed
        72 words
      • 47 10 PHNOM PENH A UN Indonesian soldier showing his name tag to Japanese UN soldiers when they met at the Untac headquarters in Phnom Penh yesterday. The Japanese soldiers were the first group to arrive in Cambodia to take up UN peacekeeping operations.
        47 words
      • 69 10 HONGKONG Two major Hongkong business organisations have called on their members to curb wage rises for 1993 to contain the territory's growing inflation. The Employers' Federation of Hongkong and the Hongkong General Chamber of Commerce are recommending that gross pay increases for 1993 be
        69 words
      • 66 10 SEOUL South Korea is to send a government delegation to Vietnam to conduct a feasibility study to set up an industrial zone there for South Korean firms, an Economic Planning Board official said here yesterday. The delegation would leave next month following a recent request
        66 words
      • 38 10 SUVA, Fiji Fiji is too dependent on a narrow economic base and should look to diversifying manufacturing and exports by becoming more integrated with world markets, Prime Minister Sitiveni Rabuka said yesterday.
        38 words
    • 412 10  -  Businessman dropped from Industry Ministry post after party row By Loh Hui Yin SINGAPORE Two prominent Thai bankers have been named deputy prime ministers in charge of economic affairs but a third businessman proposed for the deputy slot in the Industry Ministry has been
      412 words
    • 267 10 Reuter WELLINGTON New Zealand's economic recovery is underway after a four yearlong recession but the convalescence is proving slow and fragile, according to forecasts published yesterday. Three forecasting institutions said New Zealand's export sector was driving the recovery, cashing in on low
      Reuter  -  267 words
    • 245 10 Bernama PENANG Malaysia, which is a leading trading nation, is on the right path towards achieving even more rapid economic growth, according to a senior Taiwanese official. Taipei Economic and Cultural Centre's Huang Hsin-Pi said Malaysia's strong economy would spearhead the country's
      Bernama  -  245 words
    • 382 10 BANGKOK Thailand is the major rice exporter in Asean, exporting four million to five million tonnes a year, according to a report by the Business Economics Department carried by Bangkok Post. This is unlike Indonesia and the Philippines, where rice output falls short
      382 words
    • 185 10 AFP HANOI In a bid to protect domestic industry, Vietnam has banned the import of 17 items ranging from beer to bicycles and has subjected all other imported goods to quality controls. The "temporary" import ban came into force on Sep 8,
      AFP  -  185 words
  • Page 10 Advertisements
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    • 214 10 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
      214 words
    • 44 10 THERE'S MORE A TO LIFE WITH <£/jJ RENAULT H# When We Talk Space, We Mean ESPACEB the room on dream come true large Test The ESPACE Today r" li JfeMEfc-' 1 M. I seal ESPACE L\ V JapfcSi® IX^B mJ* J PwirV r j^taßß^|
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  • Page 11 Advertisements
    • 239 11 A pilot offers a stranded traveller a lift, knowing that whatever destination the traveller mentions, it will take her no more than a kilometre or so out of her way. Given that they begin in Buenos Aires, what must the pilot's final destination be? Does the key to globalisation lie
      239 words

  • THE WORLD 1
    • 483 12 BS Drastic proposals seen as realistic but politically naive NYT DALLAS In the 21 weeks from when his unorthodox campaign for president blasted off until it exploded, Ross Perot basically offered voters only himself and an outlet for their anger. Now, as he flirts with
      NYT  -  483 words
    • 155 12 Reuter LOS ANGELES Former US basketball superstar Earvin "Magic" Johnson, who angrily resigned from the National Commission on Aids on Friday, endorsed Democratic presidential nominee Bill Clinton on Sunday. "We can't take four more years of the Bush administration that we have now," Johnson told the
      Reuter  -  155 words
    • 291 12 Reuter LONDON British Prime Minister John Major, current European Community president, faces a crucial test this week, assuring EC partners Britain will back the Maastricht treaty while trying to bring Conservative Party rebels to heel. Rifts within Mr Major's party were exposed
      Reuter  -  291 words
    • 345 12 AFP COPENHAGEN It has one of the healthier economies in Europe, with low inflation, a mounting current account surplus and decent growth prospects. So why are Denmark's businessmen worried? Spell it Maastricht. Industry leaders here fear fallout from Denmark's rejection of the
      AFP  -  345 words
    • 440 13 De Klerk, Mandela accused of ethnic cleansing Reuter KWAMASHU, South Africa Inkatha Freedom Party (IFP) leader Mangosuthu Buthelezi said on Sunday he was halting all talks with the government after President F W de Klerk's agreement with the African National Congress
      Reuter  -  440 words
    • 244 13 ABU DHABI South African companies, once barred from the Gulf under antiapartheid sanctions, are now seeking sales agents for products which they say can break Asia's hold on the regional electronics market. More than 100 companies will try to gain
      244 words
    • 295 13 Reuter BOMBAY India will open its mining sector to foreign companies in the latest phase of its economic reform programme. "The mining sector will be thrown open to the private sector, including foreigners, multinational corporations and non-resident Indians," said Balram Singh Yadav,
      Reuter  -  295 words
    • 308 13 AP MOSCOW Russian President Boris Yeltsin hopes that by launching a massive privatisation campaign this week he can jump-start his stalled reform programme and boost his sagging popularity. Like Soviet President Mikhail Gorbachev before him, Mr Yeltsin finds his reforms blocked
      AP  -  308 words
    • WORLD WATCH
      • 99 13 PRAGUE Central Europe has reacted coolly to US President George Bush's recent proposal to establish a free-trade zone with Czechoslovakia, Hungary and Poland. Since he; raised the idea in a speech in Detroit on Sep 10, policy, makers and newspapers here have politely
        99 words
      • 71 13 BEIJING Chinese mapmakers are struggling to meet demand for new maps of the former Soviet republics amid feverish border trade following the collapse of the Soviet Union. The China Daily reported last Sunday that the China Cartographic Publishing House was rushing to print 100,000
        71 words
      • 80 13 SEOUL South Korea posted a US$34 million (Sss4 million) trade surplus with China in August, putting it in the black for the year so far following the signing of a trade accord, the Trade and Industry Ministry said yesterday. The two countries, which only established
        80 words
      • 81 13 TAIPEI Taiwan will accept being referred to as "ChineseTaipei" to aid its bid to join the General Agreement on Tariffs and Trade (Gatt), Economics Minister Vincent Siew was reported as saying last Sunday. He said both the US and European members who supported Taiwan's bid
        81 words
      • 52 13 KUWAIT CITY Kuwait has scaled back defence spending for the coming year because of economic difficulties following the 1991 Gulf War. Defence Minister Sheikh Ali Salem al-Sabah said last Saturday that defence spending included in the 2.2-billion-dinar (5510.7 billion) budget for 1992-93 would amount to 5
        52 words
    • 281 13 Principles for democratic, pluralistic country defined AFP SHAQLAWA, Iraq Iraqi opposition leaders planning the overthrow of President Saddam Hussein announced on Sunday they had reached agreement on the blueprint for a government-in-waiting. Jalal Talabani, leader of the Patriotic Union of Kurdistan, said they had agreed
      AFP  -  281 words
  • Page 12 Advertisements
    • 876 12 A THE MITSUBISHI TRUST AND BANKING CORPORATION i i i (INCORPORATED IN JAPAN WITH LIMITED LIABILITY) Raianrp sheet Statement of Income As at March 31, 1992 and 1991 Years ended March 31, 1992 and 1991 Miflions of Yen MilorerfVo. 1992 1991 1991 Assets tocom€ Cash and Due from Banks 3,767,012
      876 words
    • 805 12 THE TOYO TRUST BANKING CO., LTD. (INCORPORATED IN JAPAN) TRUST NON-CONSOLIDATED BALANCE SHEET NON-CONSOLIDATED STATEMENT As at 31st March 1992 and 1991 OF INCOME BANKING ACCOUNT For years ended 3,<rt March 1992 and 1991 Millions ol Yen Millions of yen a 1992 1991 lncome: 1992 1991 Trusl Fees 64,683 76.214
      805 words

  • Page 13 Advertisements
    • 39 13 If you're a sleepwalker, please fasten your seat belt. MWj rpj you can relax in our new business class sleeper seat. Available in SAS Euro Class. Call SAS on 294-1611. Scandinavian Airlines. The expressway to Europe. S4S SCANDINAVIAN AIRLINES
      39 words

  • 471 14 EDITORIAL IT WASNT so long ago that Singapore's small and medium-sized enterprises (SMEs), in mock self-pity, called themselves "poor local companies" or PLCs. After all, pitted against the giant government-linked companies, or GLCs, in the domestic arena, how far could they go? As PLCs saw it, foreign
    471 words
  • WHAT THE OTHERS SAY
    • 201 14 THERE IS NOT a little irony in British Foreign Secretary Douglas Hurd calling for an "imperial" United Nations. In an interview with The Independent, Mr Hurd urged the UN to adopt an imperial role, usurp national sovereignty and take over control when governments collapse, as in
      201 words
    • 182 14 THE HDB's plan to build smaller flats to test Singaporeans' demand for cheaper units is a good idea, especially for those who can't afford bigger but expensive flats. The HDB has stated that the pilot project is in response to feedback that some Singaporeans did not
      182 words
    • 148 14 THE SERIES of kidnappings is obviously a test of Mr Ramos' election pledge to restore law and order and eliminate corruption. This is a battle Mr Ramos cannot afford to lose. If the Filipinos regard this as a problem confined to the rich, they have
      148 words
  • REGIONAL VIEWPOINTS
    • 152 14 THE APPOINTMENT of Chuan Leekpai as Thailand's new prime minister has ushered in a significant new chapter for Thai politics. The modest surroundings of his Soi Morleng home in Bangkok bear testimony to the simple life of a veteran politician. Unlike his predecessors who have either
      152 words
    • 170 14 THERE IS MONEY to be made from the recruitment of foreign labour. This fact was gleefully recognised by some sleek operators who wasted no time in luring foreigners from far and away to seek their fortune in this golden land of employment opportunities. Perhaps, it
      170 words
    • 162 14 THE CONFRONTATION off Waglan Island yesterday, in which armed Chinese personnel reportedly boarded a Marine Police launch and threatened an officer at gunpoint is the most serious crossborder incursion yet. It was the fifth such incident into Hongkong waters in a month by Chinese security officials who
      162 words
  • 776 14  -  Michael di Cicco examines the modus operandi of the indomitable man responsible for building up Indonesia's technology Michael di Cicco UPI BJ Habibie whirls about his board room like a typhoon. "We're building this," he says, running to a large plastic model of
    UPI  -  776 words
  • Page 14 Advertisements
    • 791 14 THE YASUDA TRUST AND BANKING CO., LTD. S W (Incorporated in Japan with limited liability) Non-Consolidated Balance Sheets Non-Consolidated Statements of Income March 31, 1992 and 1991 and Retained Earnings M*«>ns of yen For the years ended March 31, 1992 and 1991 im iwi MAoiu of yen ASSETS TTT7 Cash
      791 words
  • Page 14 Miscellaneous

  • ANALYSIS
    • 911 15  -  Chihiro Kato says dramatic global changes are confronting Japan with the task of creating a new policy towards China Chihiro Kato Asahi TODAY is the 20th anniversary of the normalisation of relations between Japan and China. American President Richard Nixon in February
      Asahi  -  911 words
    • 1586 15  -  Loretta McLaughlan discusses the explosive growth of the Nikkei 225 futures contract at Simex and assesses its prospects Loretta McLaughlan EVEN ON a quiet day, the noise now coming from the Nikkei 225 futures pit at the Singapore International Monetary Exchange (Simex) is many decibels
      Source: Bloomberg  -  1,586 words
  • Page 15 Advertisements
    • 43 15 Legendary" Discover a menu that's quite extraordinary. A 3-course Business Lunch at $32++ including a complimentary glass of wine. 9 the CRgmt C. J SINGAPORE CmII 733 8888 far reservations. 1 Qacaden Road (nff Orchard Road) J Complimentary valet parkin# C Sinpapore 1024
      43 words
    • 168 15 I rj| JV ff»VUa HUbV fl I I g j| jjj ljnuuM| I l/ UHip p^ywy Model. 7404-***** AuWimaMfi k4iitMniAfi4 Auiomaiic hwwitwm r h Sapphire Crystal I 18X. 10 Microns Electroplated H B j I OwGMAi SmmWctcmr SMCt 18S6 .Vore "ho-- 135 veors of experience ond poheniiy ocqwHwd Cleon. cnsp
      168 words

  • INNOVATION & TECHNOLOGY 1
    • 768 16  -  Victoria Griffith looks at second-generation biotech Victoria Griffith FT A VISIT to a biotechnology or pharmaceutical company these days may yield some surprises to the casual observer. The labs, complete with test tubes and scientists in goggles and white coats, are still there.
      FT; An FT graphic  -  768 words
    • 491 17  -  Teh Hooi Ling looks at Fastech's software tools which lower factory automation costs Teh Hooi Ling HOW do you make different machines talk to one another without paying software engineers a bomb to come up with a custom-made programme?
      491 words
    • 398 17 'Smart' material has an attribute of living organisms NYT Scientists are developing a type of concrete that can repair its own cracks. The concrete's healing components are coated, hollow fibres that are filled with specific chemicals and distributed throughout the cement.
      NYT  -  398 words
    • 313 17 FT SENDING printed documents has become effortless, thanks to the widespread availability of facsimile machines. But when it comes to sending material from one personal computer to another, even seasoned PC users often find the task daunting. At the moment, information is transmitted between
      FT  -  313 words
    • TECH TAKES
      • 100 17 TOKYO Compaq Computer Corp of the US will start selling its personal computers in Japan in mid-October at about half the price of similar Japanese models, the Nihon Keizai Shimbun said last week. The financial daily said Compaq's entrance into the Japanese
        100 words
      • 89 17 WASHINGTON American Telephone and Telegraph Company and two Japanese firms are helping to develop a new product planned as part personal computer, part portable telephone, industry sources have said. AT&T, Matsushita Electric Industrial and Marubeni Corp had invested in the California company EO Inc, which hoped to
        89 words
      • 105 17 SINGAPORE Intel Corp, the largest chip maker for PCs, has launched two more OverDrive chips that boost the power of these computer brains. The chips plug into the circuit boards inside IBM-type PCs equipped with Intel's 486DX microprocessor and boost the performance of these machines by
        105 words
      • 59 17 SINGAPORE Sun Microsystems Inc and its third party partners will be presenting a seminar entitled "Networking with Sun Desktop Integration Solutions". To be held at the Pan Pacific Hotel on Oct 5, 1992, the seminar will feature desktop integration solutions, Open Networking Computing, LAN Network Management,
        59 words
      • 84 17 TOKYO Another "Dragon Quest" fever spread throughout Japan over the weekend, with thousands of teenagers lining up outside major discount stores to buy the latest version of the computer-game software, press reports said yesterday. In Tokyo, more than 12,000 fans started making a line last
        84 words
  • Page 16 Advertisements
    • 680 16 12 13 october 1992 World Trade Centre Convention Centre m m 1 'S.///////////////////////////////////////////////////////S//S//S""WS**SW*SSWW > fiSSA ata Modelling is the most important of the modelling techniques because much of the lIHn processing can be derived from the intimate knowledge of the data that results from the K lIH|I modelling activity. In
      680 words

  • Page 17 Advertisements
    • 186 17 Why wait months for your arm to be replaced? Chances are, if you, in 1^ mi f Aw| business transaction, TMH more efficient. So ergonthe arm of your chair, omically-inclined that could take you months WT m you ever before you d see it again. If you see it again.
      186 words

  • Page 18 Advertisements
    • 787 18 where to wine, dine or 1 Subway Celebration! GtotbUft Celebrate Subway's 3rd Annwsary with us. The went will last not one, nor twoi but three whole nights. So put on your party clothes and come on down to Subway for a KG celebration. o 3RD ANNIVERSARY PROGRAMME (II 30 SOT)
      787 words
    • 243 18 1 HH The Great I i 111 Sri Lankan Treat. Ifl** I j The Sri Lankan Food Promotion I and Busine« Week 1 Sept.-3 Oct Lunch Reception Hall l2noon 2.30pm t sth Floor, Dinner South Wing 6.50pm -10.30pm 2 For reaervatioM, plea»e call *****11 ext 721. COUMBXfIiUtMU HI Orchard Itasd
      243 words
  • Page 18 Miscellaneous
    • 630 18 TELEVISION AND RADIO i^»fcjiii^WiM:i<Luji>iijiAijiiiiWMiu^j»»uijuti 'j.JWjj>iitf-iijrt<jL> Uj.Mnrj:j[ijiMC imi i wwin; it nm mm»i »m 111 Hiiw»iiiirmi hmwwwhi nm nim w iurr -*m x-.uw.-i. .u.uutfua..-;-- -<m jTrr-n n<rrtr -n trewim n- imTitrtm*- 'Mtiyir-rr- T' —ir-irr- **< m •m 1 1 J 6.30 Tiny Toon Adventures (Car- 6.25 With the Quran (M). BUSINESS
      630 words

  • LIFESTYLE
    • 903 19  -  Film producer Art Linson says he's no Hollywood mogul, and likens his role to that of mayonnaise. Bernard Weinraub finds out why Bernard Weinraub NYT Art linson is a very nervous movie producer. And who can blame him? His latest film Singles, a romantic comedy
      NYT  -  903 words
    • 605 19  -  American doctors last week discussed that persistent destroyer of sleep: snoring. A new device may be the answer, reports Luba Vikhanski Luba Vikhanski NYTi SNORING may be a sign of severe breathing difficulties during sleep that can cause fatigue, personality changes or even death, according
      NYTi  -  605 words
    • 544 19 CHATTERBOX A MAJORITY of Americans believe that in the 21st century, Jesus Christ will return, America will have a woman president and a cure will be found for Aids and cancer, a poll conducted for Time magazine and the Cable News Network said on Sunday.
      544 words
  • Page 19 Advertisements
    • 326 19 AND ENTERTAIN THE ORIENT EXPRESS Capture the spirit of the Orient with culinary flavours from the Chinese kitchen. At Cafe-in-the-Park Every Tuesday Buffet Lunch from 12 ptn Buffet Dinner from 6.30 pm At $19.50++ per person anaho^ For reservations, please call SINGAPORE 16 NasS"n Hill Singapore 1025 732-1222 extension 1700
      326 words
    • 200 19 n i w: ZT Always Judge A Restaurant HL By Its Tea /-5| trifle fussy you may immaculate, don't bother looking for S\. say. But then Hung chipped crockery or stained tablecloths. Kang Teochew Restaurant is You won't find them here. True run by fussy people. Who Teochew hospitality. Any
      200 words

  • SPORTS
    • SIDE LINES
      • 82 20 ALPHARETTA, Georgia Raymond Floyd, who made history a week earlier, missed a chance for his second straight victory on the Senior Tour when rain washed out the final round on Sunday. Japan's Isao Aoki wound up edging Floyd by a stroke to capture
        82 words
      • 113 20 LONDON Imran Khan, who led Pakistan to victory in the 1992 World Cup cricket tournament, has announced that he is retiring from the game. The 39-year-old all-round-er said in an article in the Daily Telegraph yesterday that he took the decision in principle six months ago but
        113 words
      • 41 20 BUENA PARK, California Nancy Scranton fired a sev-en-under-par 65 here on Sunday to make up a seven-shot deficit and win the LPGA Classic women's golf tournament. She finished on nine-under 279, one shot clear of Meg Mallon.
        41 words
      • 60 20 PARIS Pierre Lartigue of France clinched the ParisBeijing rally on Saturday after finishing fourth in the final special stage on dusty mountain tracks I,ooom above sealevel in Inner Mongolia. The Citroen driver finished the month-long race more than an hour clear of Erwin Weber of Germany,
        60 words
      • 88 20 MINNEAPOLIS, Minnesota Andre Agassi finished off America's 4-1 victory over Sweden in the Davis Cup semifinals in style here on Sunday, then complained that he had to play the match at all. "When the World Series is over, they just stop," he said. "I think
        88 words
    • 340 20 AFP HAVANA Africa earned its first athletics World Cup crown here on Sunday, aided by first-place finishes from Ethiopian Fita Bayessa in the 5,000 m and the continent's men's 4x400m relay team. The African men finished the three-day event with a total
      AFP  -  340 words
    • 575 20 NYT ENDICOTT, New York John Daly convincingly proved he is more than a one-shot wonder with a dominating six-stroke victory at the BC Open here on Sunday. Playing at an even higher level than he did in winning the 1991 PGA Championship 13 months
      NYT  -  575 words
    • 456 20 AFP JOHANNESBURG Geoff Hunt, one of the few greats who can claim to rival the legendary Jahangir Khan, is critical of the way in which the squash hero chose to retire here last week. The highly respected Australian, who extended the record
      AFP  -  456 words
    • 517 20 AP ESTORIL, Portugal Alain Prost hasn't returned to Formula One racing yet but Ayrton Senna has already started to throw verbal darts as the three-time world champions renew their feud. Nigel Mansell, meanwhile, won another race on the Grand Prix circuit. He
      AP  -  517 words
  • Page 20 Advertisements
    • 908 20 THE DAIWA BANK, LTD. I Head Office: 2-1, Bingomachi 2-chome, Chuo-ku, Osaka 541 JAPAN. NON-CONSOLIDATED STATEMENT I NON-CONSOLIDATED BALANCE SHEET OP INCOME I March 31, 1992 and 1991 Years ended March 31, 1992 and 1991 I BANKING ACCOUNT Millions of yen BANKING ACCOUNT Millions of yen I ASSETS 1992 1991
      908 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3424 21  -  By William Chia SHARE PRICES on the Singapore stock market ended firmer yesterday mostly on gains posted by shipping and banking stocks as well as continued buying of selected Malaysian stocks traded over the counter. The benchmark Straits Times Industrials Index rose
      3,424 words
    • Article, Illustration
      78 21  -  By Quak Hiang Whai ONCE a rising star, Singapore Petroleum Company has been retreating since it hit $3.50 last year. The resistance at $2.50 was broken last month and the stock looks headed for $2.30 before testing its next target at $2.00. But watch for a slight rebound
      SOURCE: BRIDGE INFO  -  78 words
  • Page 21 Advertisements
    • 94 21 rA bINCE 1735 THERE HAS WSmK 2 NEVER BEEN A QUARTZ BLANCPAIN WATCH. HBWf[ /mII And there never will be iui |^Singapore THE HOUR Cl-ASS Lucky Plazd Tel 7»*****'l Scons Tel 2J*>«7/719« Centropoint Tel 7M|V«'M)3 IVninsula Pla« Tel WR W!WVrf>l World Trade Centre Tel 27*1007 Palais Renaissance *****62 S4l Rattles
      94 words

  • 3049 22 SUM Jurong Ship 5C 665 40 6.4% FAN 945 +35 +3.8% GE Life 1100 +30 +2.8% DBS Foreign 1150 20 +1.8% Keppel Corpn 600 20 3.4% BAT 21- 570 15 +2.7% lnchcape 550 +15 Cerebos 25* 338 +14 +4.3% UOB Wt97 188 +12 +6.8% C&C
    3,049 words
  • Page 22 Advertisements

  • 3372 23 H Leong Ind 50* 530 30 60% Leader U 710 +30 +4.4% Southern Bank 260 +27 +11.6% YTL Corpn 50* 173 +14 +8.8% Amal Steel 50« 172 +12 +7.5% GIL US$0.10 102 +7 +7 4% George Kent 50« 210 +10 f5.0% Uniphone Tel 280 +10
    3,372 words
  • Page 23 Advertisements
    • 177 23 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 Some Reasons For THE STRAITS TIMES WEEKLY OVERSEAS EDITION You've posted a manager to head your Tokyo office. The Straits Times Weekly Overseas keeps him posted. For other reasons, send in your subscription now. The StraitsHmes WKEKIY OVM»IA»
      177 words
    • 40 23 Your son is studying overseas. And you want him close to home with news from home. To your principals and business associates overseas, it's assuring that Singapore is great for business. The Straits Times Weekly is like a country report.
      40 words
    • 54 23 Someone close has beenivlng in Canada for some years. You've given ip writing those long letters. The Straits Times Veekly teits It better. (He might comeback after reading all the good news.) You travel often on business and want to catch up on your return. The week's main issues are
      54 words
    • 261 23 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND LIANG COURT FLORIST PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING Notice is hereby given pursuant to Section 308 of the Companies Act. Cap. SO that a Final Meeting of the Members of the abovenamed Company will be held
      261 words

  • BT SHARE INFORMATION SERVICE
    • 212 24 Caapaay Date Yoar Croup Not Not earnings Cross •oo to profit/loss (L) p*r shore dfrMeod COCO) (coots) Pan Pacific Sep 11 Mar 92 $412($795) 1.3(2.5) 4(4) GPS Sep 7 Mar 92 $13,952($12,546) 41.3(479) 118TE(11TE) hetan Sep 7 Mar 92 $7.755($10,140) 23.5(31) 10(10) msas Sep 7 >un 92 M$4.109L
      212 words
    • 746 24 finip ii j Date HaH-yaar Craap pra-tax Interim in to prom/loss (L) dhrtdaad ('000) Jardine S Sep 23 Jun 92 US$211.2r(US$194.2r) 3.8(3.5) Town ft City Sep 23 Jun 92 $52L($41L) NBT Sep 22 Jun 92 M$1,134L(M$552L) 1(1) Keck Se.* Sep 22 Jun 92 M$13,657(»*$19.496) 4(5) Lee Kim Tah
      746 words
    • 250 24 Sep 24 Imo-Pacific Hokfcifs Ltd has appointed Coopers and Lybrand, an independent financial adviser, to the holders of the company's loan stocks C&L will advise loan stockholders on the terms and conditions offered by Inno-Pac. Sep 23 Beverage group Fraser Neave Ltd (Singapore) proposed the restructuring of its
      250 words
    • 271 24 Company Right* Im* Gotto Hop* One-tor-sa MJ1 50 per share ex-date Aug 27 Books dose: Sep 10 Acceptance 1 Payment Oct 22 MAS One-tor-one MJ5 00 per share Ei-date Sep 7 Books dose Sep 21 Acceptance ft Payment No« 2 OUT 0*-Kx-two <9, $1.50 per share. Ei-date: Aug
      271 words
    • 103 24 Isctan (S) Ltd: 21st AGM at the Orchid Room, 3rd Level, Apollo Hotel, 405 Havelock Road, Singapore 0316, on Tuesday, Sep 29, at 11.00 am Mr* Ta Hotdhfs Ltd: EGM at the Summit Room (Valley Wing, lobby level), Shangri-La Hotel, Orange Grove Road. Singapore 1025, on Wednesday, Oct
      103 words
    • 343 24 la local car la S$ la US$ SdySyr 4y yr S dy yr Sep 25 Index cfage c*«e c» c» cfcy cfcr World 384.8 -0.4 -5.8 -0.3 -6.8 -0.4 -5.9 ♦EAFE 453.7 -0.5 -9.6 -0.2 -10.1 -0.4 9.2 Europe 405.1 -0.4 -1.5 0.0 -4.9 -0.1
      343 words
    • 1051 24 Current Ex Books Date Total «er Total far payment date dose payable the year last year tana 5% (I) Sep 18 Sep 30 Oct 15 5% 12 2% MOB 50c 3.5% (b) Sep 10 Sep 24 Oct 23 3.5% 3.5% BMTS10 100% Nov 12 Nov 24 Nov 26
      1,051 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
    • 5431 25 Bernama THE KUALA LUMPUR stock market ended higher across the board yesterday due to strong buying by foreign institutions with interest focused on quality issues. In brisk trading activity, the KLSE Composite Index added 8.05 points to 610.65 while the Industrial Index rose 9.07
      Bernama  -  5,431 words

  • CHINA STOCK EXCHANGES
    • 418 26 CLSA ACTIVITY in the Shenzhen markets were subdued yesterday with both the A and B indices little changed. Shenzhen A edged up 1.31 points to 2,460.4 while Shenzhen B lost 0.95 to 1,384.52. Sentiment was dampened by the authority's cash call on shares allocated to
      CLSA  -  418 words
  • JAKARTA STOCK EXCHANGE
    • 976 26 JAKARTA share prices were lower by the close of trade in fairly thin volume yesterday. The Composite Index closed 0.04 of a point lower at 297.48. "It's so difficult to find good stock," said one broker, adding that she expected the index would
      976 words
  • STOCK EXCHANGE OF THAILAND
    • 2080 26 Reuter PROPERTY and finance shares lost ground in afternoon trading yesterday and the Bangkok stock index suffered its biggest daily loss in two months, brokers said. The SET Index ended 10.10 points lower at 849.07 on turnover of 9.97 billion baht. Declines led
      Reuter; Source: Bridge Info  -  2,080 words
  • Page 26 Advertisements
    • 57 26 II I I 111 feA ■I i 1 lII'II I I I I 111 |A II I I Find out I I■ I I HI I I I Ir H I II I I VIII Personal Investment and Finance. II I I I HI ft H Ift I II I
      57 words

  • TOKYO STOCK EXCHANGE
    • 2571 27 Reuter TOKYO STOCKS fell sharply yesterday and the 225share Nikkei average closed down 422.15 points or 2.29 per cent at 17,972.61. Prices fell on futures-linked selling as most investors, worried about the strong yen, hugged the sidelines, brokers said. The Nikkei last closed below 18,000
      Reuter  -  2,571 words
  • STOCK EXCHANGE OF HONGKONG
    • 2435 27 Reuter HONGKONG SHARE prices closed sharply lower yesterday with the Hang Seng Index falling 88.96 points to 5,597.2. Trading was very quiet as most investors were anxiously sidelined amid political uncertainties. The All Ordinaries Index eased 45.4 to 2,986.24. Turnover was a thin HKSI.S7 billion
      Reuter  -  2,435 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2019 28 Reuter THE AUSTRALIAN share market yesterday closed just fractionally higher after skulking in negative territory for most of the day. "There really wasn't much interest, and trade was thin," said a broker, noting physical turnover was light. But futures were active as expiry
      Reuter; Source: Bridge Info  -  2,019 words
  • REGIONAL STOCK MARKETS
    • Fletcher drags NZ bourse to 5-month low
      • 317 28 SENTIMENT-DRIVEN selling in market leader Fletcher Challenge (FCL) and other leading stocks sent the New Zealand share market to a five-month low yesterday. The NZSE-40 Capital Index fell 33.08 to 1,434.62, the lowest since April. FCL ended at NZ$2.OO, down 15 cents and has fallen 47 per cent
        317 words
      • 517 28 SHARE PRICES yesterday retreated as investors shifted from index-linked issues to secondary stocks, brokers said. The Manila Stock Exchange Composite Index eased 3.14 points to close at 1,386.47. "I guess most of the issues that moved were non-index stocks," a researcher at Pryce Securities Inc said. Brokers said the
        517 words
      • 834 28 SHARES fell throughout the day in very thin trade yesterday as jittery investors appeared reluctant to plunge into the wobbly market, brokers said. The Composite Index lost 8.19 points to 516.04 with turnover at 142.77 billion won from 121.77 billion won on Saturday's half-day trading "Most investors seemed to
        834 words
      • 155 28 THE BOMBAY Stock Exchange Index dropped by 16.06 points yesterday to 3,240.53 and brokers said it will decline by 10 to 15 points a day over the next few days. The National Index fell 10.85 points to 1,457.53. Analysts attribute recent declines in stock prices to the money market,
        155 words
      • 389 28 THE stock market was closed yesterday for a public holiday. The Weighted Index plunged 120.87 points on Saturday to close at 3,351.63. Turnover was T512.7 billion. Taipei Sep 25 NTS VoRW) All Sincere Ind 8.25 0.50 15 Asia Cement 52.00 -0.50 106 Cathay Constr 47.00 -1.00 2092 Cathay Life
        389 words
      • 47 28 INDICES TURNOVER CVMC Sep NEW ZEALAND NZSE-40 Capital 1.434.62 1.467.70 -33.08 MANILA Composite Index Turnover (mil pesos) 1.386.47 1.090 1.389.61 340 -3.14 750 TAIPEI Weighted Price Index Turnover (NTS billion) closed closed 3.472.5 10.3 SEOUL Composite Stock Index Turnover (billion won) 516.04 142.77 525.57 121.77 -8.19 21.0
        47 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1215 29 REPORTS THE US DOLLAR ended at 119.65 yen in Tokyo yesterday, its lowest closing level ever here, on speculative sales by non-Tokyo accounts and interbank sales, dealers said. Dollar bears dragged down the greenback to a new record
      1,215 words
    • 407 29 Cross'rates sep28 US$ S$ MS Dm Yen SFr AS NZS USS 1.6020 2.5080 1.4760 120.30 0.5841 1.2880 1.3831 1.8594 SS 0.6242 1.5655 0.9213 75.0936 0.3646 0.8040 0.8634 1.1607 MS 0.3987 0.64 0.5885 47.9665 0.2329 0.5136 0.5515 0.7414 Dm 0.6775 1.0854 1.6992 81.50 0.3957 0.8726 0.9371 1.2598 Yen
      407 words
    • 366 29 IHT PARIS An avalanche of Eurobonds cascading out of Italy is creating havoc in the pricing structure of the international capital markets and disrupting the distribution of new issues. The turmoil, triggered by changes in Italy's tax laws, could continue well into next year.
      IHT  -  366 words
    • 1502 29 SIMEX EIWOPOLUH Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 96.88 96.89 96.87 96.87 7300 7770 ***** 96.89 Mar 93 96.84 96.8S 96.84 96.84 4400 5690 ***** Jun 93 96.56 96.57 96.55 96.56 2420 2161 9790 Sep 93 96.19 96.20 96.18 96.19 405 812 3491 Dec
      1,502 words
    • 548 29 Interbank rates S$ Bid Offer Overnight 1 3/4 1 7/8 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: 13/16 USS Bid Offer 7 days 3 1/2 3 5/8 1 month 3 1/4 3 3/8 2 months 3 3/16 3
      548 words
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  • COMMODITIES
    • 348 30 AFP, UPI BEIJING China, the world's largest coal producer, will revamp its coal industry by firing hundreds of thousands of workers and slowly freeing prices from state control, an official newspaper said. The radical measures were intended to turn the industry,
      AFP,; UPI  -  348 words
    • 262 30 AFP JAKARTA Indonesia's Mines and Energy Minister, Ginanjar Kartasasmita, has called on Washington to hold on to its tin stock to avoid further threats to the commodity's already unstable world market. "We would appeal to the US government to recognise the prevailing unstable
      AFP  -  262 words
    • 735 30 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market finished 24 sen lower to M$ 15.95 per kg on speculative selling yesterday. Dealers said buyers, taking a cue from the softer London Metal Exchange last Friday, took to the sidelines.
      735 words
  • 1550 30 Rubber MS Commodity Exchange (tutu ros dosing as at 1pm) RAS (physical prices) RSS I Contract (S cents/kg) 1 Bnyors Close Volume Open As at 12 noon (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Oct 92 139 00 I40.00N Oct 92 Nov Dec 143.75 142.00 *****
    1,550 words
  • Page 30 Advertisements
    • 102 30 wwrs IN Find out in Personal Investment and Finance. Every Saturday in Businesslimes FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS L o<>-'<> 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,
      102 words

  • 1209 31 Crt EU "frM CTO City Flight ETA Flight ETD GA974 0005 PK772 1930 PK773 2235 pasqi Kota Kinabalu SQ187 1350 SQ188 0830 GA893 1345 GA982 0250 MH631 1520 MH630 0950 SQ22S 2025 QF82 2205 KmU Lumpur MH629 0035 MH602 0700 AMStaroM GA974 0005 MH640 0805 KL837
    1,209 words
  • THE TRAVEL PAGE
    • 685 31  -  POSTCARD FROM KENYA By Richard Gilbert THE delicately laundered white mosquito net around my bed made the room look like a bridal suite. I ordered a beer. As I quenched a thirst brought on by a morning game drive in the bush, I glanced through the window and
      685 words
    • 151 31 As at 10am yesterday: Ijocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1529 I.I69S Canadian dollar 1.2760 1.3025 NZ dollar 0.8535 0.8710 Sterling pound 2.7305 2.7690 US dollar 1.5980 1.6050 Local dollars to 100 units of foreign currency Austrian schilling 15.23
      151 words
    • 79 31 Duration Title Venue Organiser Td Oct 24British Birmingham Society of Motor 071-*****12 Nov 1 International Manufacturers Motor Exhibition Traders Ltd Oct 26-29 Middle East Manama. Arabian (973)*****1 Building Bahrain Exhibition Construction Management Industry Show Sc WLL Conference Duration Title Venue Organiser Td Oct 26-30 Trade Fair on
      79 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. We know Europe from start to Finnish
      38 words
    • 26 31 For information on where to buy your copy of: Her World, Go, Singapore Business, Home Decor, Young Parents call our Customer Services Section on 749 2577
      26 words
    • 37 31 v% .v.v. i\v.'v/.v'w flnpr MmM W >:***<*—g sBHHHH SIS That's Pamela Pilapil, better known as Wiidheart, NTUC Radio Heart's deejay t with a difference. Foreign diplomats in Singapore, who once shunned her, are now opening their hearts
      37 words
  • Page 31 Miscellaneous
    • 165 31 1 Frisk doctor 10 Friendly a message 12 Record a piece of music of less resistance 20 Where to hear opera comback gas-ring (4) 29 Find company in one 30 Take part in a dramatic —I—' |__L-_l__J__J 31 Tak'e'it'if you mean to stay 11 With right on bolh sides? YESTERDAY
      165 words
    • 164 31 Singapore Outlook: Occasional showers in the morning and afternoon. Report Maximum temperature 30.2 Assoc humidity..... 70% Minimum temperature 24.6 Assoc humidity 96% Hours of sunshine 1.90 Rainfall in mm 1.3 Rainfall this month 83.6 Rainy days this month 16 World report Asia-Pacific Hi/Lo* Cond. Auckland 16/11 Rain Bangkok 33/26 Rain
      164 words
    • 19 31 DOM 'T G£T —700<RC OWLvI UJHCN I Ger i NOUR 1 VJMD Ui<€, VPfcomoTiOri NQUNg MfiN.,, V Nr V
      19 words

  • 436 32 No fundamental change needed, say Community members AFP BRUSSELS European Community finance ministers meeting here yesterday reaffirmed the credibility of the EC's battered system of exchange rate management and said it did not need fundamental change. "It has been a good system. It will
    AFP  -  436 words
  • 260 32 AP ROME The prime minister of Italy has said that his country is in its worst crisis since the years just after World War II and has repeated a threat to resign if Parliament weakens his austerity plan, a newspaper reported last Sunday.
    AP  -  260 words
  • 347 32 Supporters and critics both claim enough support to win vote Reuter SAO PAULO, Brazil The corruption scandal engulfing President Fernando Collor de Mello surged towards its dramatic climax as Congress yesterday opened a two-day session expected to lead to his impeachment. Mr Collor and
    Reuter  -  347 words
  • 188 32 AFP BUCHAREST President lon Iliescu came close to winning an absolute majority in Romania's presidential poll on Sunday, but will be forced to stand in a second round of voting, according to an exit poll broadcast by Romanian television. He secured 48 per
    AFP  -  188 words
  • 286 32 Reuter ROME Italian police said yesterday that they and their American colleagues have smashed one of the world's biggest cocaine-smuggling and money-laundering networks in a huge international swoop that arrested more than 200 suspects. The 34 people arrested in Italy included two kingpins
    Reuter  -  286 words
  • 792 32  -  The Bottom Line MAGGIE FORD MAGGIE FORD The writer is BT's Jakarta correspondent TO THE average Singaporean company or executive, the idea of expanding abroad must seem a daunting prospect. Whether globally or regionally it poses a raft of problems, from competitive, financial, environmental
    792 words
  • 348 32 Reuter MANILA Philippine security forces celebrated a victory in their war against kidnap gangs yesterday after arresting two suspects who hid their Chinese victim in a wooden crate. The capture followed the weekend arrest of a dismissed policeman and a civilian who linked a former police
    Reuter  -  348 words
  • 288 32 AP, UPI PHNOM PENH Khmer Rouge leader Khicu Samphan has sent a letter to the UN chief in Cambodia, Yasushi Akashi, demanding a ban on the sale of state property by the Phnom Penh government, a Khmer Rouge official said yesterday. Khicu Samphan
    AP,; UPI  -  288 words
  • Page 32 Advertisements
    • 317 32 f Singapore's most popular NitiukofS Telephone System GIVE VOUR MCE IHEEXKIinVE irammir Diminished worry lines H leading to fine lines Removed the took of ——Oimmished tired baggy eyes f P 0 W iSlf the onset of K/f stress I'nes Removed J|\. open pores M and blackheads Diminished Removed- the tormat.on
      317 words
    • 18 32 Danes fear fallout from Maastricht vote, Pg 12 Major faces tough week as Conservative rifts grow, Pg 12
      18 words
    • 16 32 SINGAPORE (OMMGZ Distributor of the most sought after m Key Telephone System Tel: 278 7088 J
      16 words

  • Shipping Times
    • 386 33  -  By Dexter Lee SINGAPORE The Transpacific Westbound Rate Agreement (TWRA), a grouping of carriers of which Neptune Orient Lines is a member, has announced sharp hikes in its bunker surcharges. From Oct 1, shippers will have to pay twice what they pay
      386 words
    • 610 33 IHT VLADIVOSTOK, Russia While many executives at Russia's state-run enterprises fret that privatisation will mean massive layoffs or bankruptcy, the brass at Russia's leading shipping company in the Far East are giddy at the prospect of getting rich once the government
      IHT  -  610 words
    • 258 33 KUALA LUMPUR The Department of Environment (DOE) is in the process of detaining the supertanker, Nagasaki Spirit, for discharging pollutants in Malaysian waters following a collision with a container ship last week. DOE deputy director Tan Meng Leng said yesterday the department served a notice of
      258 words
    • 910 33 Page Col ABC Containerize 12 1 Accord Group 8 1-3 APL 5 3-5 Alpha Feeders 6 1 ANL 3 1/2 Asia Cont Lines 14 S •ASCL 5 9 Avia Airways 18 3 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Bank
      910 words
    • 685 33 Bernama JOHOR BARU The revenue from ship repairing, shipbuilding and offshore production platform construction sectors is expected to increase to MS9OO million (***** million) this year, a maritime seminar here was told. Last year, revenue for the three sectors amounted to Ms7so million, said Mr Abdul
      Bernama  -  685 words
    • LOG BOOK
      • 105 34 SYDNEY The International Transport Workers' Federation in London says many Third World sailors are cruelly manipulated by ship owners. "It's a form of slavery," said Les Symes, Australian representative of the union, which represents about one-tenth of the world's one million seafarers. Conditions on some
        105 words
      • 111 34 BUDAPEST, Hungary Sixteen Germans were killed last Saturday when a van was hit by a railway locomotive in central Hungary, police said. The duty officer of Fejer county police said all the victims were Germans. He would not say what town in Germany the van
        111 words
      • 58 34 BOMBAY Nearly 8,000 Air India workers went on strike last Saturday in the Arabian Sea port of Bombay, disrupting flights of the government-run international carrier. The AirIndia employees guild said the strike was in support of demands for a higher pay raise than the 10-per-cent increase
        58 words
      • 78 34 STOCKHOLM Scandinavian Airlines System (SAS) announced last Friday that it has opened its first hotel in Asia, located in Beijing and called the SAS Royal Hotelk Beijing. It said the hotel has 374 rooms and is half-way between the international airport and the city centre.
        78 words
      • 81 34 HONGKONG Hongkong's smaller cargo shippers said last Friday they are facing bankruptcy because Chinese security officers are seizing their freighters and confiscating their cargoes. Several freighters bound for Vietnam have been seized during the past month by Chinese security patrols near the Chinese port of
        81 words
      • 59 34 LONDON The 8,067-deadweight-tonne freighter Chrysoni S i? at Las Palmas with damage to main engine reduction gear; according to Lloyd's Intelligence. An underwater survey of the propeller was carried out last Friday and a fishing net was found tangled around the propeller and rope guard. The
        59 words
    • 1018 34 Twenty-five huge ships, each weighing up to 200,000 tons, have sunk around the world since January 1990, prompting the Australian government to conduct an investigation AP THE bulk carrier Singa Sea pitched oddly in the heavy waves. Alarms went off. Second officer Sabas Martus, working in his cabin,
      AP  -  1,018 words
    • 598 34 DRY CARGO freight rates continued their current downtrend on Friday as the Baltic Freight Index (BFI) fell to its lowest level for five years. Dealers said there were few hopeful signs with interest in chartering ships at a low ebb and a further fall in rates cannot be
      598 words
    • 10197 42 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      10,197 words
    • 3329 47 AbC Containerline NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg(S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,329 words
    • 260 47 Abacus ouritrs Tel: 545-8011. Fax: *****98. Air F.xpress Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-Unk International Tel: 344-3377. Fax: *****50. Cluster link Supplies Services Tel:
      260 words
    • 1476 47 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,476 words
    • 3364 48 ALBANIA Dunres: Four vessels in port of which 1 general cargo discharging. I to commence loading. I to load wine, 1 to discharge bagged llour. ARGENTINA Labour working normally. Buenos Aires: No congestion; 1 vessel waiting for deep draft berth to discharge fertiliser, berthing delay of 1-2 days.
      3,364 words
    • 850 48 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young VESSELS ON OFFER Bulk Carriers Donpafu: 68,110 dwt and built August 1983 Imabari; Newcastle NSW Sep loading coal Brisbane Sep 30Oct 2 Muroran Oct 16-17 Hachinohe oct 19-20 Yokkaichi Oct 22-23, discharging coal at all ports after New..castle.
      The information was contributed by Simpson Spence & Young  -  850 words
    • 553 48 ARRIVALS DEPARTURES Op High! I>pe ETA I' From Op Flight Type KIP I lo 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 I TYO KAL
      553 words
    • 319 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel KTA ETD Ports of Calls Port Agent telephone No SEPTEMBER 27 27 Fantasy World 1000 1900 Sin-Port klang Lauw Sons 227-8284 30 30 Fantasy World 1000 1900 Sin-Jakarta Lauw Sons 227-8284 OCTOBER 01 01 Mikhail Sholokhov 0900 2100 Cruise-to-Nowherc Jardine
      319 words
    • SHIPS IN PORT
      • 538 49 teMl Ht HH> Mnt P«nrtiw »oy No Berth Amy* iggwi JurOflg Port Irm SEA68 POS 28 09/1830 2909/1500 Balyunshan 79/80 J8/9 alongside 29 09/0600 johan 2 210/92 P03 2809/1800 29 09/0700 k Xing 11 12 alongside 29 09/2300 Kota Jaya JYA05W P02 28 09/2100 03 10/0600 Lion
        538 words
      • 220 49 johore Port —~—H Berth: 1: New Line No 1, Sagaland; 2: Toship Megah; 3: Talana; 4: Dalaki; 5: Pernas Suasa; 6: ml. 01 jetty: Stott Spirit, Fraternity L. DCJ: nil. Due on Sep 28: Panteteymon Lepeshinskiy, Grara, Asif 11, Mandalay, Milenaki, Bangkok Bridge, Barge Jostndo Satu, Kota
        220 words
      • 1459 49 liTIIEI 7TI CONTAINERS IN PROGRESS m-u. CU» ILy II* CnIMMR M aiat* S* B Seta war *oy NO 312 *****2 I 0700 >■* Myan Progres wwy iw 54N COO(EST) 2809 92 0700 Izvestia 54MF92 *****2 0705 B Raya 403 COO(EST) 28 0992 1500 Petopor Nanta Bhum 1047 *****2
        1,459 words
    • 771 50 Oct 5* 6: Conference on Quality 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 or fax: 733-5087. Oct 13-16: Seatrade Asia-Pacific Cruise Convention, organised by Seatrade. The event will take place
      771 words
    • 518 52 Work on the Alpine tunnels to begin soon UPI GENEVA Switzerland took the first concrete step towards membership of the European common market on Sunday when voters accepted by a surprising 64 per cent a government proposal to spend US$ll.9 billion (Ssl9 billion) on
      UPI  -  518 words
    • 357 52 UPI NEW DELHI The Indian government, which has developed sophisticated satellites and rockets, has set up a commercial firm to push for exports of space-related components and equipment, a top official said. The firm, Antarix, has been set a goal of capturing US$lOO million
      UPI  -  357 words
    • 311 52 UPI PHILADELPHIA Cab drivers are trying to spruce up their crusty image by taking lessons in etiquette and grooming. Forty-two cabbies with the Quaker City Cab Co participated on Saturday in a "hospitality training" programme in which they were schooled on basic niceties
      UPI  -  311 words
    • 503 52 Reuter LAGOS All 163 people, including officers at an elite staff college, aboard a C-130 transport plane were reported killed in Nigeria's worst military air disaster. Officials said the US-de-signed Hercules belonging to the Nigerian air force crashed in the Lagos area
      Reuter  -  503 words
    • 361 52 AP NAIROBI, Kenya planes carrying beans, rice and cooking oil for Somalia's starving began landing in Belet Huen again over the weekend following an eightday suspension of flights, a relief official said. A C-130 chartered by the International Red Cross from Southern
      AP  -  361 words
    • 594 52 AP OLONGAPO, Philippines Crowds of US troops are gone and every week, another nightclub closes in what was once the wildest liberty port of the Pacific. The Americans, and their money, are going home. Tomorrow, the US Navy turns over half
      AP  -  594 words
  • Page 33 Advertisements
    • 15 33 Findings on bulk carrier losses, Page 2 Swiss voters accept rail tunnel proposals, Back Page
      15 words
    • 21 33 Llnm aMI MrvkM r«#rMMt«d to Mffctn «f Hm ItegMry Am«toif*|gW IMpphig Ilwgi»iri FtaM—l Ship/■'or advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090.
      21 words
    • 189 33 I MEETING I I PSA PORTNET EDI 1 1 DEADLINE? 1 j MSS HAS THE I 2 AFFORDABLE SOLUTION! g j MUMPS INTERNATIONAL B SHIPPING SYSTEMS (MISS) i Starter Kit From $999 Per Month I 4 For An Additional $200 Per Month Only, MSS interfaces M your Cargo Booking through
      189 words

  • Page 34 Advertisements
    • 82 34 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms and the people
      82 words

  • Page 35 Advertisements
    • 2354 35 M OOCL (S) PTE LTD JAROINE SHIPPING AQENCIES TEL: *****11 FAX: *****09 lllllr BOOKINGS TEL: *****34 *****58 JK TERMINAL/CFS TEL: *****18 220 F DfiflflQ H PESAKA JAROINE SHIPPING AGENCIES SON. BHD. k i PORT KELANG TEL: *****18 FAX: *****91 *****88 j. jA A 0 PENANG TEL: *****4 FAX: *****1 CFS
      2,354 words
    • 1204 35 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT EW //i| UNITED HUB SHIPPING (SAG)\ HM IVSL/VOY ~sm WYC I BAL I OKf I SAV 2SI ni vu 1/11 7/11 >•/» w» fl/ii n/n 24/u »/n DWI N VII lt/12 11/12 12/12
      1,204 words
    • 1425 35 ■QEBißaHna WEEKLY DIRECT CALL TO NAGOYA SEA LAND DEVELOPER V.174E ETA SIN S/10/92 ETA NAGOYA 15/10/92 Vessel Voy ETA ETD Feedet by DESTINATIONS Leerort/Aries This week Mayview Maersk 8208 CY 6/10 0000 mrs HHi HI CFS S/10 2359 MRS XX LPK PEN OAK LQB HOU MEM ATL MIA CHS BAL
      1,425 words

  • Page 36 Advertisements
    • 1330 36 VOY NO S PORE JEDDAH S HAMTON H'BURG LE HARVE KURAMA 18/139 1/10 10/10 24/10 20/10 19/10 LftiNBTOMV FRANKFURT EXPRESS 64/339 4/10 21/10 23/10 26/10 27/10 riMlßlaiM LA SEINE 26/140 8/10 17/10 31/10 27/10 26/10 fMW Tt HHMIIIHI KASUQA I 23/340 11/10 28/10 30/10 2/11 3/11 fni ll DANUBE 04/141
      1,330 words
    • 426 36 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea t Vietnam Mongolia t Hungary CSFR Poland ocwrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ITA SIM VILLE DE CANOPUS 03/10 VILLE DE CASTOR
      426 words
    • 1436 36 I gSH— MM WmIM REGULAR INDEPENDENT FULL CONTAINER SERVICE I" VSL/VOY SIN ALQ BCL* ANT# FEL LHA I 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 HAWK ARROW 232W 11/10 02/11 03/11 08/11 09/11
      1,436 words

  • Page 37 Advertisements
    • 2058 37 jW tW STRAITS SHIPPING PTE LTD ASgf 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CARGO DUt SAtS SJNGAPOftI PHOTM PtNH STRAITS ttNTURI ¥2* Mu»a. Lab. KK 29 S«p 30 Sep 01 Oct mktb PWNCtSS W9207 07 Oct 13 Oct KRIS MlRtn VOtt KK.
      2,058 words
    • 2681 37 SINGAPORE AGENT: P&O Containers (Singapore Agencies) Pte Ltd 4Jhf%F tilil II ff lllVl 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 W&Meai. -w Tej 225 2233 Te)ex RS ***** p NOCS p Fax: 225 5327/222 7517 CR Number: **********0Z IMPORT > vessel vov -pmo -pkq im m.o sou amt
      2,681 words

  • Page 38 Advertisements
    • 654 38 MlUi CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE wywr mi roam; adam hum somen wtmkp KUTM/2(NB 6/10 9/11 15/11 20/11 23/11 MATAKAM/33W8 fl-H/ll 30/12 2/1 5/1 10/1 FAST TRANSIT HUE ACCEPTING BREAKBULK/CONTAINERISED CARGO &übf*ct to lnduc«m*nt. Also accepting cargo to Casablanca, Port Said, Port Alexandria, Ganoa. Triaata. ALSO
      654 words
    • 1388 38 OHANJIN SHIPPING FDR VSL SM LIE HAUL LGB OA* FM WL SM IUK HAIA SAV EM NYC HAHJM SMGAPORE 007E 4/10 OMECT 25/10 28/10 FISHGUARD BAT 211 M 5/10 M AIOICA 005E 12/U 13/11 W/11 NMM LE HAVRE 019E 11/10 OMECT 1/11 4/11 HAMJM CtCAI 007E 12/10 H KOBE 03*
      1,388 words
    • 1182 38 j -j .YjTraTTi^ HI tt IX U( NS «l IP H irOUUCMNRCIMMIMMIKniaiKIvI aui H W 21/1 M/ 9 5/10 7/10 1/1012/10 11/10 IS/10 10/10 17/10 11/10 10/1011/11 U/U 14/11 24/11 2VII 20/11 27/11 7/1217/12 21/12 22/12 E QUIRT B IM2 4/10 7/1012/1014/10 14/10 11/10 2t/It 22/10 21/10 24/ It 2(/lt
      1,182 words

  • Page 39 Advertisements
    • 1705 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 KX P (o3) N |s]^33
      1,705 words
    • 1073 39 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****06 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES I eASTBOWD-OtSCHARONG WESTBOUHD-IOmNC TRAMSHPPtD MA ROTTERDAM wt |n> |m
      1,073 words

  • Page 40 Advertisements
    • 1680 40 KW W* M AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) MjK W W TEL *****77 TELEX KAWAKIRS23I6S FAX: *****07/B^9 M MALAYSIA: 'K'UNE MARITIME (MALAYSIA) SON BHD 1 JL Vb Ji TELSASSO24OO PK *****01/5 PENANG632O2O J*****01 wmmml KAWASAKI KISEN KAISHA, ltd INDONESIA: P.T. SARANA LALTT INTERNUSA TEL JKT
      1,680 words
    • 912 40 PHILI-OM€NT LIN€S PT€ LTD OJ$ BY AIR, LAND OR SEA.... (?f£\ ?&gt We TAKE ON THE WORLD FOR YOU MNP 1 SSSfSaF 8 1 BUCHAREST AND ALL EUROPE INLAND DESTINATIONS 4 OCT GENOA. MARSEILLE. BARCELONA. —< FAft BAST/CHfNA /'■-<■'• 28 SEP !SSSZSSS^ X SEP S^W^^™K C MAN,... 28 SEP PORTKELANO.PENANa
      912 words

  • Page 41 Advertisements
    • 1936 41 PACIFIC INTERNATIONAL LINES (PTE) LTD mK UfIHV 140 Cecil Street, #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E I jakARTA I IBanqkw I VESSEL VOY SIN BKK Ml VESSEL VOY SM JKT SIN KOTA SURIA KSR3BN 30/* 3/10 7/10 EQUATOR HAWK ON 30/9 3/10 7/10 EQUATOR CRYSTAL IMN
      1,936 words
    • 840 41 EXPRESS CONTAINER SEE VICE TO LTC-NOKTH CONTINEKr-SCANDINAVU WEEKLY F|P GUDANGI PENANG PKELANG OCEAN VSL/VQY SIN SOU (1) RTM (2) HAM (3) GOT (4) g 25/9 25/9 26/9 NIHON 2382 29/9 16/10 18/10 19/10 21/10 E 2/10 2/10 3/10 BENARTY 2392 6/U) 23/10 25/10 26/10 28/10 Q 9/10 9/10 10/10 ALSIA
      840 words
    • 266 41 BSA° TRANSPORTATION MYANMA iBBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore PJU| Pen PGdf MMOALAY V3SW 9d PATHEK VIIM 2/1 Oct »/l Oct tTA-AM VIB2W 12/14 Oct PAGAN VII7W 17/19 Oct NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJE V.50 SPORE 16 Nov Lagos 09
      266 words



  • Page 44 Advertisements
    • 2318 44 Full Container Liner Services •»«<* MbftoM: CtawOto SNmS* M f.T. «*«Mm*Mtat Cosfar Shipping Me Ltd smm, r*iK t~un <*m s+tu 58 pws*/»> R#> mum M Ui a im 3.34.3raf»0/. ES™ s«SW/»™. >66 Singapore 0207 Singapore 0617 Tel. 367 2855/ 368 7961 Tel. 03 2>l 61 r /«o ccqj 1 .rf*
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    • 285 44 SAMUDOU INDONESIA (S) PTE LTD IS McCALLUM STREET #(0-01/02 NATWEBT CENTRE Singapore 010S Totac R*****0 Tafc 22M251-3 Fu 229 4835, 227*136 FOR BOOKINGS CALL DWECT UNE TEL: *****41/2222M3 SM/JAK SERVICE VESSEL VOY SIN JAK LAWANTI 979 30/09 (WED) 03/10 (SAT) MERKUR DELTA 941 30/09 (WED) 04/10 (SUN) DERAJAT 1001 30/09
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  • Page 45 Advertisements
    • 606 45 ipping rimes, mesaay a»epiemoer zi iwz M FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 4/10 ROTTERDAM 4/10 HAIFA/ASHOOO/MLEXANORIA 4/10 HAMBURG/BREMEN 4/10 MARSEILLE/FRANCE 4/10 FELIXSTOWE/UK 4/10 BARCELONA/SPAIN 4/10 LEHAVRE/ANTWERP 4/10 GENOA/ITALY 4/10 GOTHENBURG/SCANDINAVIA 4/10 LOS ANGELES/WC/IPI 4/10 SYDNEY/MELBOURNE 5/10 NEW YORK/EC
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    • 704 45 33 RICHFIELD MARINE AGENCIES (S) PTE LTD Jnl TEL: *****33 (12 Line*) =A FAX: 2257t15/*****03 |i-H TELEX: RS ***** RISHIP (3 Lines) \sF\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA 10A0MG FOB SPORE ANOtNET 28W8 18/10 OARESSALAAM MOMBASA OJ«CHJTI ASSAB MASSAWA ABBAY
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    • 449 45 JAKARTA i t BANGKOK t t j WAMA BHUM 160S 30/01 03/10 MAHA BHUM# 126W WX 30/01 Swi 04/10 BE Hi* BHUM 46S 03/10 06/10 WIIU BHUM 44W Fil 02/10 Ml 05/10 WWW BHUM 161S 07/10 10/10 NANTA BHUM 10W Sal 03/10 W«<l 07/10 KWJA MM 47S 10/10 U/10 PITA
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    • 320 45 m»gsa ikcr-lk VSL VOY BMGAPOHE MADRAS SMOAPOfC «m wt MM SM TKDt BUDS Z23N SU) OMO/IO 12-11/10 ram* 02-03/10 Wl#/IO u-17/10 HUSKED 224N IMC/11 11-13/10 15-20/10 no* SIM JW 00-Oi/lO 14-15/11 2122/11 VSL VOY SBOGAPORE/CALCUTTA/SSOGAPOfC *ssa HOT SW CM. 91 HOTS 42) M ran 04-10/10 14-17/11 not ma istob 07-01/10
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  • Page 46 Advertisements
    • 1370 46 P-A4MAC-NELS GROUPAGE I K~/ IPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v w N 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 30/9 1/10 2/10 Hong Kong Ldn/Fh/Rdm/Ant 1/10 2/10 3/10 4/10 5/10 6/10 Hong Kong G'burg/Chagen/Slwim/Oslo
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    • 284 46 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS Sm AKL LVT SK PREMER 20S 2/10 14/10 16/10 1/11 MULBERA 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, WELLINGTON,
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    • 1103 46 f /C THONG SOON UNES PTE. LTD.] 77 ROBVtSON ROAO #15-00, #16-00 SIA BULOMG SW6APORE 0106 TEL: ***** M FAX NO: *****11, *****22 WEB* TLX: RS ***** CARRP, RS ***** JENHOL CABLE: TOSOCO SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA ftSSEL |WT [S PORE [pEST VESSEL VOT I SMK P.
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  • Page 48 Advertisements
    • 135 48 LIVING IT EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. 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 shots in
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  • Page 49 Advertisements
    • 72 49 TONG JOO SHIPPING PTE LTD TEL: *****93 CA NO. **********0 C ACCEPTWG FULLY CONTAMERISED I COMVtNTKJfIAL CARGO muEBBE MM IMUIWW _iMi APPLE COl 03/10 APPLE COl 03/10 GIGI C3O 07/10 GIGI C3O 07/10 APPLE CO2 11/10 APPLE CO2 11/10 GIGI C3l 15/10 GIGI C3l 15/10 GINA II 18E 29/09 GINA
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    • 17 49 RITRA CARGO (SINGAPORE) PTE LTD Talk to the experts: Seafreight Division Catherine Tel: 223-2668 Fax: 221-2829 Shirley
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  • Page 49 Miscellaneous
    • 443 49 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUH 0001 0100 02M 0900 0400 0500 MM 0700 MM MM **********M*****4M ISM ISM 17M IMO ISM 2M 21M 22M 23M JR 2.9 10 28 2.3 1.7 1.1 08 06 0.7 LI 1.8 2.6 3.1 30 2.8 2.3 1.5 09 0.4 0.2
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  • Page 50 Advertisements
    • 396 50 WSV LIAN HUAT SHIPPING CO (PTE) LTD. I I WjM to Anton Road, #14-19/21 International Plaza, Singapore 0207. Tel: *****11 (16 lines) Fax: *****94 Tlx: RS ***** AB LENHUAT I Daily receiving cargo at Paair Panjang Terminal PT4 Tel: *****97 FULLY CONTAINERISED AND CONVENTIONAL SERVICE TO MYANMAR (YANGON) VESSEL ETA
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    • 594 50 i. cosco UKC CQMVtWTIOMAL tgHVICC VESSEL PKL PNG P.O. LOAOtNQ FOR: A VESSEL 28/10 Rotterdam/Antwerp CMHA COWVEWnQHAL ItKVKI VESSEL PKL PNG P.O. LOAOtNQ FOB: A VESSEL 15/10 20/10 Huenopu/Ouengzhou COSCO FULL CONTAINER SEWVtCM (FCL/FCL) EXPORT TO: CHMA/BANOKOK/MONOKOMQ EUROPE/C ONTWIE NT AL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN OOLF/KARACHI Plmm
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  • Page 51 Advertisements
    • 1113 51 I A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS PHA PKE+ SK I RTM AHT* LEH* HAM BH£j FEL SI. FREEDOM 301W 09/10 09/10 11/10 30/10 30/10 31/10 31/10 31/10 03/11 SI. MARKER 301W 23/10 23/10 25/10 13/11 13/11 14/11 14/11 14/11 17/11 H. EXPLORER 302W 30/10 30/10
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    • 464 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS j INBOUND VESSELS nssa m v n uc u MUM Kill 121 r IMC M IN N IPI cook nam 2/11 1/11 TWIMI u $11 cwasn st 2 i n 1/10 81) UMTI H Ml 11/11 TIMS UTI II 12/11 11/11
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    • 1009 51 j T J OUR USA [gr= fm |u« |S |ml |M/ |n |«rc SERVICEC ALLS am wi »»> a/n «mam» ran 1.172 a a/mi/ii u/u n/n n/11 n/w ?i/io a/11 a/n a/u SINGAPORE 1 —ill Ul7 w/M nuMtoimb uiai i74«/u a/u a/u a/11 a/u a/n a/u a/11 a/u DIRECT EVERY
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    • 157 51 .J* BINTANG MAS SHIPPING PTE. LTD.: 39 NEI ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SMMER FAX: *****64 r accepts rans or j CARGO STOK OESTNATWI j J BMTAN6 SOMA WOE 03-05 Oct 05-0$ Od BM*. Mri. KBcMt J ICKCURY PCNU. Vl* 04-05 Oct ot-07 Od Mara. Ltbuan j HNTANG
      157 words