The Business Times, 19 October 1992

Total Pages: 48
1 48 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Monday, October 19, 1992 75*
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  • NEWS SUMMARY
    • 55 1 KUALA LUMPUR Transport Minister Ling Liong Sik said yesterday Malaysia was willing to buy radar equipment immediately from anyone to help restore normal flight operations at the fire-damaged Kuala Lumpur International Airport. Mr Ling said the government was prepared to make the purchase
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    • 56 1 GLENEAGLES, Scotland The US and its Nato partners must not let the struggling Atlantic military alliance die in their preoccupation with postCold War domestic problems, US Defence Secre4ary Dick Cheney said yesterday. Mr Cheney is due here tomorrow for a two-day Nuclear Planning Group
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    • 27 1 TROPICAL Resorts will reduce its stake in a $55 million hotel project on Bintan to pave the way for more foreign equity P»ge 2
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    • 22 1 APPLE Computer has announced a range of new products, including three that were designed and made in Singapore Page 2
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    • 23 1 ELECTRICITY black-outs have returned to plague Manila's industries and cast a pall over the Philippines' dream of economic recovery Page 9
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    • 42 1 WITH JUST over two weeks remaining in President George Bush's quest for a second term, an air of general gloom has settled over his White House as it struggles in vain to narrow Democrat Bill Clinton's lead Page 10
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    • 38 1 TOP AIDES to Russian President Boris Yeitsin have warned that his reforms are under siege and could fall victim to a "constitutional coup" by a coalition of ex-communists, industrialists and collective farm managers Page 10
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    • 28 1 HOMEGROWN tanning business Heng Long Leather Co is stretching into its third generation, and prides itself on an annual turnover of $20 million Page 13
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    • 17 1 MEDIUM-SIZED Pan-United Shipyard has secured two newbuilding contracts worth $30 million Shipping Times 1
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  • MARKETS SUMMARY
    • 25 1 PRINTED circuit board maker Next Electronic Technology plans to get a listing on Sesdaq within the next 24 months Page 3
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    • 41 1 Local quarry operator Resources Development Corp plans to raise its stake in a joint-venture granite quarry on Indonesia's Karimun Island, from its current 30 per cent to 50 per cent within the next five years Page 3
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    • 27 1 MALAYSIA-based Rekacantik Sdn Bhd is tipped to buy Palm Cove Travelodge Resort, its second tourism property in Australia, for As2B million (5532.48 million) Page 4
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    • 31 1 THE Taiwan government has decided to support a US$5OO million (SSBOO million) joint venture between British Aerospace pic and Taiwan Aerospace Corp to build passenger jets Page 6
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    • 43 1 BREAD and cake maker Ranks Hovis McDougall pic has reacted to Hanson pic's hostile takeover by announcing it will spin off shares in its three main divisions to existing shareholders, and buy all of Dalgety pic's baking operations Page 6
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    • 14 1 HOW organisations can shake off the shackles of narrow thinking. Page 14
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    • Article, Illustration
      29 1 Friday Chaff BT-MGA 637.74 -1.24 Kuala Lumpur ....608.03 +0.67 Tokyo 17,369.81 -258.68 Hongkong 5,985.33 +71.69 Sydney 1,419.8 -19.2 Friday Change New York 3,174.41 -0.27 London 2,563.9 +17.3
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    • 20 1 USS SS 1.6050 100 Yen SS 1.3308 MS SS 0.6412 Mofl6y rjtw Overnight 1 1/2 +1/2 3-month 13/8% -1/16
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    • 29 1 Rubber Spore Nov 143.25Vkg -1.00 M'sia Nov 223.50»/kg -0.50 KL Tin Turnover 25tonncs -11 Spot M$14.69/kg -0.11 Crad* palm ofl Turnover 168 lots -162 Nov MS874 /tonne -1
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  • 460 1  -  Deregulation has accelerated growth of Indon financial sector By Paul Leo SINGAPORE Deregulation of the Indonesian financial sector is creating immense opportunities for Singaporeans with money management skills. A number of Indonesian banks and corporations have been scouting for Singapore expatriates to head their
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  • 368 1  -  By Soh Tiang Keng SINGAPORE Armed with new laws, the Indonesian authorities are planning tough action against life insurance agents from Singapore and other countries who go to Indonesia to solicit business. Sophar Toruan, director of insurance from Indonesia's Finance Ministry,
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  • 52 1 M— > THIS is the infamous 'Hanoi Hilton*, a prison used during the Vietnam War to hold captured American pilots. It was built at the turn of the century by French colonialists to imprison Vietnamese revolutionaries. Find out on Pg 2 what it will soon
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  • 252 1  -  From Harish Mehta in HANOI SINGAPORE and Vietnam are expected to sign an Investment Guarantee Agreement (IGA) at the end of this month which will provide safeguards to Singapore investments in Vietnam against nationalisation or takeovers by the Hanoi government. The IGA will
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  • 217 1  -  From Genevieve Cua in BINTAN INDONESIA is taking steps to liberalise investment laws for the Riau islands to allow 100 per cent foreign ownership of companies there. The country's Junior Minister of Industry, Tunky Ariwibowo, yesterday said the government
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  • 609 1 14th Chinese Party Congress Reuter, AFP BEIJING China's Communist Party yesterday elected a Central Committee filled with new faces, among them some of the young technocrats now driving the country forward in trade, technology and defence. The vote at the end of the
    Reuter,; AFP  -  609 words
  • Page 1 Advertisements
    • 241 1 IS' P* MIkIMOTO 1; i/'i 14. gf# KAM TOOI I 'j Will IKS '|i I J >• > t >i, N.h.l U.i.ui A* I 1../.S, ,i > U..,.uiul I Sin. ,>(...1. ■<_ 1,1 r-si Aircraft Schedule 27 KLSE 21 TV Radio 16 Arts 17 Martat Reviews 23 Unrt Trusts 20
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    • 7 1 Kan Seng begins Vietnam visit, Pg 2
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    • 127 1 There's no place like home with Dulux. THE WORLD S NO I PAINT Bintan's first resort project takes off, Pg 2 Remember when flying made dreams come true? Once, an aeroplane (light opened up a world of new opportunity for you. Even today, every business flight represents a chance to
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  • PAGE 2 NEWS
    • SINGAPORE ROUNDUP
      • 141 2 THE FINANCE MINISTER of Belgium, Philippe Maystadt, will address the Singapore Press Gub during his visit to the Republic from tomorrow to Thursday. Mr Maystadt is leading a high-level delegation which includes the governor of the central bank and presidents of five
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      • 87 2 TECHNOFAIRS Corp, which has run Singapore's premier computer trade show Informatics for the last seven years, has handed over the management of the show to Times Conferences Exhibitions, a member of the Times Publishing group. Technofairs, a local company, had been organising the show annually since
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      • 63 2 THE SINGAPORE Armed Forces Reservists Association (Safra) has introduced a new corporate membership called the "Flexible Corporate". The entrance fees range from $300,000 to $350,000 depending on privileges applied. A flexible corporate member can circulate the card to any person in the company using it for
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      • 39 2 THE PRESIDENT of Ireland, Mary Robinson, will visit Singapore from Oct 19-21, on her way to Australia. President Robinson will be accompanied by her husband, Nicholas K Robinson, and Minister for Foreign Affairs David Andrews.
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      • 28 2 THE SENIOR MINISTER of State for Education, Dr Tay Eng Soon, will launch the Singapore Polytechnic's General Affairs Lecture on Oct 20.
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    • 443 2  -  Fran Cuj in BINTAN A GROUND-BREAKING ceremony was held for Banyan Tree Bintan hotel yesterday, marking the start of resort development on Bintan. The ceremony was officiated by Indonesia's Junior Minister of Industry Tungky Ariwibowo and Singapore's Senior Minister of State for
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    • 359 2  -  From Harish Mehta in HANOI SINGAPORE'S Minister for Foreign Affairs, Wong Kan Seng, arrives in Hanoi today for an official three-day visit, during which he will hold talks with Vietnam's newlyappointed president, prime minister and foreign minister. The highlights of Mr Wong's visit
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    • 286 2  -  From Harish Mehta in HANOI A SINGAPORE company is planning to invest about US$29 million (5546.4 million) to convert a Vietnam war-era military prison, nicknamed the "Hanoi Hilton" by American troops, into a luxury 200-room hotel. Burton Engineering Pte Ltd
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    • 411 2  -  By Clarie Leow SINGAPORE Apple Computer of California, which has just reported record revenues for fiscal year 1991 ended Sep 25, announces today a slew of new products, including three designed and made here. At a press briefing on Friday to introduce the
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    • 288 2 SINGAPORE Apple Computer Singapore is playing an increasingly important role in design and development. Managing director Peter SchefTler said besides new products, the Ang Mo Kio plant has developed production processes which are transferred to other Apple plants. For
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  • Page 2 Advertisements
    • 88 2 The Straits Times Weekly Overseas Edition HOME BROUGHT CLOSER Introducing a new daily to Hong Kong .MMP' jW£_ -db Jljl From 25th October, Qantas flics to Hong Kong 7 days a week. We depart at 2:sopm and arrive at 6:35pm, leaving you with ample time to savour Hong Kong's famous
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  • COMPANY NEWS 1
    • 760 3  -  By Teh Hooi Ling SINGAPORE Local printed circuit board manufacturer Next Electronic Technology (Net) plans to get a listing on Sesdaq within the next 24 months. Michael Low, founder and managing director of the four-year-old company, said the firm has been
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    • 780 3  -  THE HOCK LOCK SIEW COLUMN By Moiz Tyebally SINGAPORE If you are tempted by I the stock market and don't have cash to spare, what do you do? Simple, you can borrow from your broker or banker or 1 better still, dip
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    • 350 3  -  By Lilian Ang SINGAPORE Local quarry operator Resources Development Corporation (RDC) plans to raise its stake in a joint venture granite quarry on Indonesia's Karimun Island, from its current 30 per cent to 50 per cent within the next five years.
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    • 218 3 Bernama KUALA LUMPUR Leong Hup Holdings Bhd on Saturday said it will start broiler chicken parent stock production project in the Philippines next year to supply the local market there. It has set up a subsidiary company, Phil Malay Poultry Breeders Inc,
      Bernama  -  218 words
    • COMPANY BRIEFS
      • 60 3 KUALA LUMPUR Soon-to-be-listed Kelang Container Terminal Bhd has agreed to increase the salaries of nonexecutive employees by 9 per cent under its new collective agreement (CA) starting this month. KCT chief executive Abdul Samad Mohamed said the new agreement, which would run for three
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      • 107 3 KUALA LUMPUR PJ Development Holdings Bhd has said that MCB Holdings Bhd has increased its shareholdings in the group by another 5.5 million shares to 41.31 million shares. Dindings Consolidated Sdn Bhd has also acquired 5.5 million shares in PJ Development, increasing the former's
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      • 47 3 KUALA LUMPUR Tongkah Holdings Bhd has registered a group pre-tax loss but after minority interest of M 54.862 million (Ss3.l million) for the financial year ended June 30, 1992, the company said in reply to a query from the Kuala Lumpur Stock Exchange.
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      • 59 3 KUALA LUMPUR Tanjong Public Limited Company has said that Tunku Mahmud Tunku Besar Burhanuddin has reduced his indirect beneficial interest in the company to 14.90 million shares on Oct 2. It said Intan Tegap Sdn Bhd had also on the same date reduced its interest in
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    • 196 3 Bernama KUALA LUMPUR Ekran Holdings Bhd is poised for stronger growth, given the promising future for the cables and infrastructure sector, says a securities firm. Ekran was recently listed on the Kuala Lumpur Stock Exchange to replace the listing status of the suspended
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    • 435 4 Group revises figures under threat of legal action HONGKONG Trafalgar House has restated its accounts and admitted that it made a net loss of £44.7 million (SSI2I million) last year, rather than a pre-tax profit of £122.4 million as it had
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    • 231 4  -  From Florence Chong in SYDNEY SYDNEY Malaysianbased Rekacantik Sdn Bhd, reported to be associated with a John Soh, is tipped to buy its second tourism property in Australia. The company is said to be negotiating to buy the Palm Cove Travelodge
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    • 194 4 KUALA LUMPUR The Kuala Lumpur Commodity Exchange (KLCE) will launch a new crude palm kernel oil (CPKO) futures contract on Oct 29. Officials say they hope to lure South-east Asian business to boost the contract. The contract, the first of its kind,
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    • 344 4 BANGKOK Thai President Foods Co, a subsidiary of Saha Pathanapibul Group, will enter into a joint venture with Food Organisation of Yannan to set up an instant noodle factory in Kunming, China. The Nation reported that the investment is part of
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    • COMPANY BRIEFS
      • 57 4 HONGKONG Evergo International has recorded a 23.6 per cent higher net profit of HK$ 114.45 million (5523.8 million) for the six months ended June 30, the South China Morning Post reported. Subsidiary Chinese Estates recorded a profit of HK5282.68 million over the same period, up
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      • 88 4 NEW DELHI India's government sold public sector equity worth US$227 million (*****.3 million) to institutional investors last Saturday as part of its gradual privatisation programme. Banks, insurance companies and mutual funds bought the 128 million shares up for grabs in eight blue-chip corporations at an auction here,
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      • 73 4 BOMBAY Japan's Itochu Corp will put a total of US$5O million (5580.3 million) into two joint ventures in India with Reliance Industries Ltd to make polyethylene and polypropylene. A Reliance spokesman said it was the largest single direct Japanese investment in India. Itochu Corp and
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      • 104 4 TOKYO Japanese companies will report an average current profit decline of 10.7 per cent for the year through March 31, 1993, the Nihon Keizai newspaper said yesterday, citing its survey of 1,556 publicly-traded companies. The survey excluded non-life insurance companies and companies that didn't
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    • COMPANY BRIEFS
      • 71 6 TAIPEI The Taiwan government has decided to support a US$5OO million (SsBo2 million) joint venture between British Aerospace pic and Taiwan Aerospace Corp to build passenger jets, newspapers reported yesterday. The cabinet agreed on Saturday that the government would help provide land for a manufacturing
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      • 87 6 DETROIT The General Motors Corp, in a filing with the Securities and Exchange Commission, confirmed last Friday what Wall Street has been bracing for another quarter of large financial losses. The loss won't be quite so large, however, as the US$l.O6 billion deficit the leading
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      • 80 6 DALLAS Texas Instruments Inc reported a sharp improvement in earnings last Friday for the third quarter, with its computer chip unit posting its first quarterly profit since the last quarter of 1989. The company earned US$57 million, or 58 cents a share, in the quarter
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      • 55 6 BATTLE CREEK, Michigan Kellogg Co said last Friday that strong business at home and overseas boosted third-quar-ter sales 11 per cent and lifted earnings 18 per cent. The company reported third-quarter earnings increased to U*****.2 million, or 86 cents per share, from U*****.4 million, or 71
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      • 80 6 Reuter ROCHESTER, New York Eastman Kodak Co said it will incur an after-tax restructuring charge of US$l4O million for the third quarter 1992, one-fourth of which includes the cost of a previously announced retirement plan 600 employees will take. About one-half of the charge comes from
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      • 103 6 TOLEDO, OHIO Owens-Corning Fiberglas Corp, the world's largest fiberglass company, last Thursday reported its third-quarter earnings rose 23 per cent, buoyed by strength in its construction and industrial materials businesses. OwensComing said net income rose to USS32 million, or 75 cents a share, from US$26 million, or
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    • 165 6 Bloomberg LONDON Bread and cake maker Ranks Hovis McDougall pic has reacted to Hanson pic's hostile takeover by announcing it will spin off shares in its three main divisions to existing shareholders, and buy all of Dalgety pic's baking operations for
      Bloomberg  -  165 words
    • 474 6 Investors looking for advice are likely to end up confused NYT NEW YORK Investors looking for a reason to sell stocks in the months before the October 1987 stock market crash got to choose from some gems. The price-to-earnings ratio of the
      NYT  -  474 words
    • 191 6 NYT NEW YORK Foreign investors the world over have earned a reputation for a lack of astuteness. They generally know less about any market dan do the locals, and are thas most likely to bay and sell at exactly the wrong time. So
      NYT  -  191 words
    • 356 6 NYT NEW YORK Maybe it's something in the air, but American media companies have proved especially irksome to foreign buyers. Some newcomers, like Sony, Matsushita and Hachette, snapped up sizable media properties here in the late 1980s and ran into unforeseen snags. Bertelsmann
      NYT  -  356 words
    • 437 6 Reuter FRANKFURT Germany's vital engineering industry, once a pillar of the country's economic success but now shaken by a slump in demand, has slipped further into crisis as the year progressed. The VDMA industry federation said last Thursday its early 1992 forecast of
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  • Page 3 Advertisements
    • 22 3 The Royal Oak One of the great designs of the 20th iiT century. And Audemars Fight probably the next The master watchmakers.
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    • 140 3 I. DEAL INVESTMENT OPPORTUNITY CENTRAL LONDON'S FINEST NEW INVESTMENT Now Ready for Occupation a AKensington Green 3 PPISS Superb houses and apartments in the heart of Central London FOR EXCLUSIVE Fr h d d ,^y leMM VIDEO MARKETING M hour porterage jrd security PRESENTATION Quality fitted kitchens Marble bathrooms Time:
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  • Page 4 Advertisements
    • 431 4 CANON THE NAME YOU CAN TRUST CANON FULL COLOUR LASER COPIER CLC2OO 300 Impress your clients with tuH colour I I'i 11 presentation and have an edge over your competitors 50% 400% zoom Prompt and efficient after sales service Rental $299 per month include w mjinttninct and lArvicioo a roms6s
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  • Page 5 Advertisements
    • 953 5 DO YOU FIND INTEREST IN ACCOUNT? Are you getting a good return on your money Take Unit offer price guaranteed until 31 October.The offer How your investment can grow bankinterest rates. Currently a savings account will pay you price of units in the PruLink Managed Fund will be held at
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  • Page 6 Advertisements
    • 357 6 PUT US ON THE STAND THEN TAKE YOUR STAND AT STOPW 12-15 MAY 1993 WORLD TRADE CENTRE, HALL 1, SINGAPORE. SIBEX '93 is on* of the best business moves you can make. But don't just take our word for it; look at the facts. Put SIBEX on ttM standi Ask
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    • 166 6 flexi-dri\/e from DBS FINANCE PUTS YOU IN TOTM. CONTROL r FLEXIBILITY REPAYMENT Flexi-Drive, our unique With up to eight years to repay, Flexi-Drive eases your financing scheme, responds to your repayment burden. You can also take the familiar road of command. You can pre-pay all or part of the financing
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  • Page 7 Advertisements
    • 155 7 J- i> i* u H W L Q Q Q -jJ, Ji BBPfir^'v.?^Kw fe* f #jj||B|i fe''•. HP v f •>.#*■■§: r IHl^Hr^ V^? Kl' 1 wT*M fljft li";A v liSf <Jjr #«R r3SS 5» |mß||^^k|inH^lfe -,*EvSBF A* T "£''l«p*^| t H CP .'J x E*f!&*F Py* "ijki i3P PARI
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  • FINANCIAL NEWS
    • 352 8  -  From Florence Chong in SYDNEY THE Australian merchant bank of the United Overseas Bank is following the footsteps of the Overseas Union Bank Australia in applying for a licence to upgrade its status in Australia. Both banks are seeking to convert from a subsidiary
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    • 298 8 FT HELSINKI The crisis in Finland's financial sector deepened after three of the country's leading banks announced losses of more than six billion Finnish markka (SS2.I billion) for the first eight months. The scale of the losses forced the government to reiterate its support for
      FT  -  298 words
    • 259 8 Reuter LONDON A Liffe link-up with Globex, the after-hours electronic futures and options trading system, is still in the very early stages of discussion, says Liffe chairman Nick Duriacher. In a letter to members of the London International Financial Futures and Options
      Reuter  -  259 words
    • SMALL CHANGE
      • 96 8 HONGKONG Standard Chartered pic has been granted the first foreign banking licence in the northern Chinese city of Tianjin, the Beijing-controlled China News Service (CNS) reported yesterday. The British bank's new unit has registered capital of US$lO million (Ssl6 million) and will engage in
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      • 80 8 WASHINGTON The Office of Thrift Supervision has seized U*****.1 million (SS44O million) assets of Security Savings Loan Association in Jackson, Mississippi, a thrift that was earlier involved in a court battle with the OTS. Security in 1984 and 1985 had expanded by taking over assets
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      • 108 8 MADRID The Bank of Spain has decided to permit more flexible treatment of huge losses sustained by banks and savings institutions because of the plunging value of their government debt holdings, Spanish newspapers reported. A circular issued by the central bank gave banks more time
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      • 99 8 DENVER The former majority owner of Silverado Banking, Savings Loan Association, the failed thrift where US President George Bush's son served as a director, pleaded guilty last Friday to misusing almost US$lOO,OOO (S$ 160,000) of the institution's money. James Metz entered the first guilty plea yet
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  • Page 8 Advertisements
    • 326 8 REASONS to VISIT The ASEAN's First Big International Event for Pulp and Paper Producers and Users on 21 23 October 1992 An Exhibition of the newest equipment and services for the production of pulp, paper and paperboard. An Exhibition of paper and board products from ASEAN and key international suppliers.
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  • THE REGION
    • 371 9 Reuter MANILA Electricity blackouts have returned to plague Manila's industries and cast a pall over the Philippines' dream of economic recovery, businessmen and analysts said on Friday. The energy crisis had spared President Fidel Ramos' government during its first months in ofFice because
      Reuter  -  371 words
    • NOTE BOOK
      • 92 9 BANGKOK Hotel bookings in Thailand for the last quarter of this year, the traditional high season, are still below what they were at the same time last year, says The Nation newspaper. Although the bloody events of May in Bangkok seemed to
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      • 65 9 PHNOM PENH The hardline Khmer Rouge guerilla faction has formally denied responsibility for destroying two bridges in central Cambodia. In a statement over the weekend, it accused the United Nations of "deliberate distortion" after the military commander of the UN Peacekeeping operation, Lt-Gen John Sanderson, blamed
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      • 39 9 HANOI A Vietnamese cyclist passing the wreckage of a downed B-52 bomber in Hanoi's Ngoc Ha Lake yesterday. The plane, shot down during the Vietnam War, is one of the last visible reminders of the conflict.
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      • 92 9 JAKARTA Indonesia's rice production is expected to rise by about 2 per cent this year, the Bisnis Indonesia daily yesterday quoted Agriculture Minister Wardoyo as saying. He said that in spite of the recent rise in fertiliser prices, the country's rice production this year
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      • 76 9 PORT LOUIS Economic growth in the Indian Ocean island of Mauritius will increase in 1992 after a recovery in the sugar and tourism sectors, officials said last Friday. Gross domestic product growth of 6.4 per cent was expected this calendar year compared with the
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    • 418 9 Reuter, AFP JAKARTA Indonesia has apparently put aside objections to Australian plans to expand its F-11l strike bomber force, a news report said on yesterday. "It is not necessary to question the purchase of military aircraft and weapons by
      Reuter,; AFP  -  418 words
  • Page 9 Advertisements
    • 187 9 KEPPEL FINANCE LIMITED (•ncoporaM »> RapuMc o» Singapore) ANNOUNCEMENT Pursuant to Article 23(4) of the Articles o< Association of the Company, it is hereby announced that from declarations received by the Company from the shareholders and from information supplied by the Central Depository (Pte) Ltd. 1.4% of the Company's issued
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    • 11 9 Naked Truth: Exposure in The Straits Times Classified catches the eye.
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    • 70 9 <j (> 111 ,i ics i cii i\ o will u-u'.il iho lull iik anme<'l i} u ii'i Inn >li.»i;ii ,il w i/.i iii imi hoaiJ i Ik* Mii stibishi Sicma. i I lie j>nl\iatin 11 s i Li i<> p< >\m ss ii dll.) And all iliom' drlicln Inl
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  • THE WORLD
    • WORLD WATCH
      • 83 10 TOKYO Japanese went abroad and foreigners visited Japan in record numbers during the first half of the year, the Justice Ministry said last Saturday. The number of Japanese going abroad between January and June rose by 1.24 million from a year earlier to 5.782 million,
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      • 59 10 MOSCOW Acting Russian Prime Minister Yegor Gaidar last Saturday discussed creating a large gold-mining consortium in the east Siberian region of Magadan, Itar-Tass news agency said. Mr Gaidar, during a tour of the region, agreed with local officials that the territory should retain its present 10
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      • 60 10 TORONTO The struggling Canadian economy picked up steam heading into autumn as August manufacturing output jumped and exports surged to record levels. Canadian exports rose to a record C 513.03 billion (about 5516.7 billion) in August, largely due to strength in Canada's mighty forestry products
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      • 68 10 PARIS The French National Assembly acted last Saturday to stamp out political corruption by curbing business funding of political parties and insisting on more publicity for such gifts. Legislators narrowly approved a complex bill in a dawn vote after a marathon four-day debate. It aims at
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      • 61 10 ROME Italy's huge budget deficit rose 11.8 per cent in the first eight months of 1992 over the same period last year, according to figures published last Saturday by the Treasury Ministry. The January-August deficit was 91,400 billion lire (about 5594.5 million), against 81,762 billion lire
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      • 54 10 OSLO Norway has ratified the European Economic Area agreement with a narrow margin after an emotional two-day parliamentary debate accompanied by mounting public opposition to the pact. Parliament squeezed through the ratification by 130 votes to 35 last Friday after a marathon debate monitored by four
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      • 65 10 WARSAW The Polish parliament has given the final go-ahead for constitutional reforms granting more powers to President Lech Walesa and strengthening the government. The Sejm (lower house) approved the changes in a document which in effect replaces the old communist constitution. The reforms give Mr Walesa
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      • 57 10 ANKARA Turkey, struggling to reach key economic targets this year, hopes the 1993 budget will help get its inflationhit economy back on an even keel. Officials say the 397.7 trillion lira budget envisages a deficit of about 70 trillion lira. Turkey had set the
        57 words
    • 299 10 US^PRESIDENIim' Rpggi Reuter WASHINGTON With just over two weeks remaining in President George Bush's quest for a second term, an air of general gloom has settled over his White House as it struggles in vain to close Democrat Bill Clinton's lead. Officials
      Reuter  -  299 words
    • 290 10 AP MOSCOW Top aides to President Boris Yeltsin have warned that his reforms are under siege and could fall victim to a "constitutional coup" by a coalition of former communists, industrialists and collective farm managers. "These forces show pathological rejection of the Yeltsin
      AP  -  290 words
    • 436 10 NYT WASHINGTON In a move that is undercutting efforts to stem the spread of arms, Russia is selling mis-sile-guidance technology, rocket engines and other advanced weapons systems to China, its one-time adversary, American officials say. The exports to Beijing worry Bush
      NYT  -  436 words
    • 235 10 FT LONDON The fallout from last week's pit closure announcement spread on Friday, with a warning from colliery equipment makers that up to 120,000 additional jobs could quickly be lost in the wake of the British Coal decision. Coal industry suppliers expressed
      FT  -  235 words
  • Page 10 Advertisements
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  • Page 11 Advertisements
    • 282 11 -h; >•'/. vi. j .1 •V v RAIN OR SHINE introducing ivrvii> yyiv jl UOB LIFE GUARANTEED YOUR YIELD yield plan Now, you can harvest all the benefits of a high-yield W A A investment assurance plan without having to worry about the II AL I pH I I s^s
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  • ANALYSIS
    • 693 12  -  Friday's British interest rate cut underscores how little consideration John Major gives to rejoining the European monetary system, says Richard Stevenson Richard Stevenson NYT T HE move by British Prime Minister John Major's government to lower interest rates an additional point
      NYT  -  693 words
    • 1812 12  -  The Liberal party seems set to win Australia's federal elections, which are due by next April. Philip Bowring looks at the impact a Liberal government is likely to have on the country. Philip Bowring The writer, a former editor of the Far Eastern Economic Review, contributed
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  • Page 12 Advertisements
    • 125 12 1.. Wander Garden (THAI SEAFOOb) KtSTAIftANt W&V #02-200, Pkndan Gardens Swimming PooL ftsy£&Pandan Gardens Estate, Singapore 2280. Tel: *****07. OPENED ON 6 OCT 1992 1 EXQUISITE THAI CUISINE IS IN TOWN MM A Sensational Feeling You Wouldn't Want To Miss! Experience sn unforgettable culinary adventure with Wander Garden Thai Seafood,
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  • Page 12 Miscellaneous
    • 37 12 DOONESBURY garry trudeau SO RAY'S YUP ANP THAT THATUJOULP UJHATSUP, YO,MAMA! FINALLY HER GOOPJCB, ANP PI- I MOUU? BE A KIP. L-fTTIEBRD 7 -maple's GOT A NAME'S vT VORCEP UKB RAY. BE* HERE' &RLFRJENP 7 MAY,.. j
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  • ENTERPRISE & MANAGEMENT 1
    • 897 13  -  SINGAPORE'S EtHiREBREBIEHBS; Sylvia Wong reports on a backyard tanning trade that grew into a $20m a year business Sylvia Wong The heart of the Defu industrial estate is probably the last place one would expect to find crocodiles in Singapore. But there they were, or
      897 words
    • 428 13 ROBERT TEH has been appointed General Manager and Director of Singapore Industrial Equipment Fte Ltd (Sinquip). Prior to his appointment he was managing director of Masoneilan (S-E Asia) Pte Ltd. Mr Teh has also held sales and engineering positions in various companies including UMW. He has over 20
      428 words
    • Article, Illustration
      811 14  -  Kenneth Stott and Allan Walker discuss how organisations can shake off the shackles of narrow thinking Kenneth Stott Allan Walker Kenneth Stott lectures at Nanyang Technological University and Allan Walker is Senior Lecturer at Northern Territory University in Australia. They are authors of Making Management Work: A Practical
      811 words
    • 250 14 A "COMPANY" called Evolution has outproduced, outmarketed and generally out-traded 101 rivals to win the 22nd National Management Game and the right to represent Singapore in a Regional Management Game in New Delhi later this month. Evolution was one of six
      250 words
    • 783 14  -  Barbara Lyne reports on the state of women in business Barbara Lyne NYT THEY MET behind closed doors. Eighteen women at the highest levels of business from across the country. And the discussion about the state of women in business was anything
      NYT  -  783 words
  • Page 13 Advertisements
    • 297 13 ■TUJHjK 18-19 November 1992 Hilton International, Singapore ASIA' S PREMIER GOLF CONFERENCE The conference has been structured to cover Key Contributions from: as P* ct of 8 0,f course development reInternational Management Group (IMG), Tokyo eve opment IMG Resort Management, Singapore How to make your development and rePacific Golf Inc.,
      297 words
    • 277 13 JaMS The at a va Manchester University tItICt Business of Wales TaVaT School Structure Content Innovations and Strengths This highly innovative MBA programme by distance Flexible structure with speciafist options learning consists of 12 modules and a project; 288 hours of seminars and work shops Specialist International Capital Markets conducted
      277 words

  • Page 14 Advertisements
    • 454 14 I Do they work harder? Or just work smarter? ITFS also underscores your company's commitment 1 »M 1 I .1 Because when all things are equal, nothing to developing international business. An essential gives your overseas business a better competitive factor that converts prospects into customers and Jj pfe 4
      454 words

  • SPORTS
    • 413 15 AFP TOKYO Former world No 1 Ivan Lendl clinched his first singles title of the season when he downed Henrik Holm of Sweden to win the million dollar Seiko Super men's tennis tournament here yesterday. The veteran Czech-born American, who
      AFP  -  413 words
    • 337 15 AP LONDON England's Frank Bruno, twice defeated in world heavyweight bouts, moved a step closer to a third challenge with an eightround defeat of South Africa's Pierre Coetzer at Wembley last Saturday. Coetzer, dismissed by the English press before the fight and labouring under
      AP  -  337 words
    • 282 15 AFP VANCOUVER Australia became the first country to hold both the men's and women's world team squash titles when its women beat New Zealand 2-1 in the final here last Saturday. The victory meant that the Australians regained the trophy they last won nine
      AFP  -  282 words
    • 235 15 161 wins the perfect gift for Navratilova AP FILDERSTADT, Germany The party will come later. First, Martina Navratilova will have to work on her 36th birthday, seeking to add one more tournament victory to her record 160. Navratilova routed Arantxa Sanchez Vicario 6-1, 6-1 last Saturday on reach the final
      AP  -  235 words
    • SIDE LINES
      • 114 15 BEIJING The negative impact of the 1989 Tiananmen Square crackdown will gradually fade away as China's reforms advance and will not hurt Beijing's bid to host the 2000 Olympic Games, says a vice mayor. The West had made a "mountain out of a molehill" with
        114 words
      • 84 15 MONZA, Italy Tony Rominger has his sights set on the 1993 Tour de France after a daring win in the Tour of Lombardy here last Saturday. The 31-year-old Swiss, who won this year's Tour of Spain, triumphed in pouring rain by attacking a dangerous
        84 words
      • Article, Illustration
        44 15 ST ANDREWS, Scotland Japanese golfer Nobumitsu Yuhara teeing off on the fourth hole on Saturday during the Dunhill Cup here. The event has been marked by a controversy surrounding remarks by American Fred Couples and Ireland's Christie O'Connor about a disqualification.
        44 words
      • 93 15 NAPLES The transfer of Diego Maradona to Seville was forced by Fifa and Napoli relented so it wouldn't lose a transfer fee of several million dollars, said club president Corrado Ferlaino in a published interview last Saturday. He said Maradona could have been given a provisional
        93 words
      • 78 15 BELGRADE US grandmaster Bobby Fischer won his 21st game against Russian-born French challenger Boris Spassky here on Saturday after an eight-hour showdown. Fischer for he first time used the main variant of the Sicilian defence, probably unhappy with results of his use of secondary variants of
        78 words
  • Page 15 Advertisements
    • 292 15 The Asian International Refining. ING ftctrochcmicjl Technology Exfigaltion 4 Conference SBjqf 1-4 December 1992 World Trade Centre Singapore Join The Event Created Exclusively For. Regional Downstream Oil Gas Industries! Complementary Event: H7 H First Downstream Technical 1 I 1 Conference of Its Kind! W" I Prestigious Offshore South East A,
      292 words
    • 404 15 So You Want A Yes, we are talking about a golf PAN"WEST dub, the difficult driver. WHhfe We have, perhaps, the widest 10y degrees loft, to the metal choice of driven, and if you heads, from the Boron shaft, to want a brand or a weight that ;j the 45-inch
      404 words

  • Page 16 Advertisements
    • 865 16 Nothing Beats A Bud. ft&Villwhere to wine, dine or ORGANISE YOUR OWN KARAOKE! It's your very own Karaoke party! King's Hotel has come up with a Daily Karaoke package for groups of 10-200 people from 12 noon to*s pm. After your Penang Buffet Lunch, the Ist round of drinks >
      865 words
    • 327 16 I THEEtyITWNT.^ Enjoy an unforgettable evening of spectacular world-class revues at the Neptune. And our EaHy Dinner Special menu prepared by experienced Hong Kong chefs. Happy Hour Early Dinner Special Menu from 6.30pm to B.oopm on no-function day. Free parking in the evening. Showtime*: B.oopm to 8.30pm KJnM 9.30pm to
      327 words
  • Page 16 Miscellaneous
    • 598 16 TELEVISION AND RADIO T loVif pntprtdinmpnt it* vMsSwr'" 1 business ON wno: ClllCl LdllllllClll iS 14 I F^W^C^ce) 1 7 CaKSS' SoSho* (Game 8.00 fUtwulMm(M) World Business Report (.30 Mmqr MM. Show). 8.30 DraM Swaata Kcrtas Ko- Ratio 1, M.S nHz in VNF Baad I turn, hr tko um. M.3**
      598 words

  • THE ARTS
    • 841 17  -  Innocuous is not a word to describe Simply Red's singer but that just about sums up its concert, says Dawn Tan Dawn Tan OOH, wot a luvly cuppa tea," enthuses Mick Hucknall of British-made pop chartist Simply Red, as he sits waiflike, nurturing his pre-ordered beverage nothing
      841 words
    • 740 17  -  The displays represent an artists' Who's Who Jude Webber discovers Jude Webber Reuter KEEN to join the arts glitterati and forever bury its image as a cultural backwater, Madrid has chosen to open two new museums in a month displaying
      Reuter  -  740 words
    • 317 17  -  By Deidre Carmody NYT TRANS-ATLANTipv faxes have been flying at The New Yorker in V a literary furore involving the British novelist John Le Carre, the British author William Shawcross, the British editor Harold Evans and Tina 1 Brown, the new
      NYT  -  317 words
  • Page 17 Advertisements
    • 252 17 Sumptuous Salmon The King of Fish reigns supreme this month at Cafe-in-the-Park Enjoy its luscious taste and flavour at our Salmon Buffet from 19 to 30 October 1992. Available at dinner only from 7.00pm to 10.00pm $24.00++ per adult $12++ per child ANA HOTEL Par reservation*, please call SINGAPORE 732-1222
      252 words
    • 170 17 Available at Tee-Off Cafe with fragrant sweet potatoes porridge or plain porridge. Mondays to Thursdays 6.30pm to IO.OOpm Adult $9.50 Child $5.50 ror reservations, please call Tee-Off Cafe at 322 4221/ 3 (Direct) or at 221 2811 Our mtnuranH toflcome ibe public to rnjoy fnu imtnf MARINA BAY GOLF A
      170 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4236 18  -  By S N Vasuki INTEREST in Malaysian shares listed on Gob continued to dominate activity on the Singapore market last week. The benchmark Straits Times Industrials Index ended the week at 1,334.12 on Friday, virtually unchanged from the previous week. Average
      4,236 words
  • Page 18 Advertisements
    • 66 18 Instant Approval, No Waiting Now there's a way to turn Instant cash over the counter, your shares into cash on the —*T up to 70% of the market value spot with Express Share Loan, of acceptable shares and scnpless exclusively from Hong Leong counters. Call *****36/*****98 Finance and Singapore Finance.
      66 words

  • 3307 19 BAT 21* 620 +40 +6.9% S1A 1290 30 2.4% C Properties 685 +25 +3.8% Inchcapc 585 +20 +3.5% Jurong Eng 50* 342 +20 +6.2% Cold Store 50* 260 +17 +7 0% CMB Packaging 500 +12 2.5% Cerebos 25« 332 +12 +3.8% OUB Foreign 476 +12
    3,307 words
  • Page 19 Advertisements
    • 178 19 YOU VERY OWN HASSLE-FREE BfCTRONIC QJ PPIKGSERVKE! If news and other pertinent information on companies listed on the Stock Exchange And for a subscription fee of only $250 per month, you and your company can IBf^°f Singapore Clob International are important to you and your business, then SPH subscribe to
      178 words

  • 3369 20 Magnum Corp 50* 580 50 +9.4% IJM Corpn 330 +49 +17.4% YTL Corpn 50* 207 36 +21.1% Sg Way TSR97 148 +32 +27.6% Dunlop Est 354 +26 +7.9% MISC F;>reign 488 f26 +5.6% George Kent 50* 230 24 +11.7% Dunlop Est CULS 326 +20 +6.5%
    3,369 words
  • Page 20 Advertisements
    • 967 20 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF PSM PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of The Companies Act, Cap.
      967 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5604 21 Bernama THE MARKET moved on a firm note last week, buoyed by unyielding buying support for speculative and situational stocks. Blue chips again took a back seat as two main factors the budget and the uncertainty surrounding Wall Street deterred fund managers and institutional
      Bernama  -  5,604 words

  • BT SHARE INFORMATION SERVICE
    • 220 22 Cmmmy Date Y«ar Gro«p N«t N«t MmiRgs Grou mm to prtftt/lMS (L) par skart dividend ('000) (CMts) Sime Darby Oct 13 Jun 92 M$335.500(MS310.300 22.6(19 9) 36u(31) Smw Spwe Oct 13 Jun 92 $42,327(133,426) 4 7(46) 14(14) PCI Oct 12 Jun 92 J9,024(J3,245) 6 1(2.3) 7(—) Khong Guan
      220 words
    • 799 22 RaiM l*t MYea Cmmm Nriad late Tor EPS Grass IM mmmat edtag (ets) praflt Mm (sun) EMS final Nov 6 Jul 91 30TE 17.8781 tap Interim Sep 10 Dec 92 5 3 5 0 4.436 S8S Final Oct 2 kin 92 101 70 2.190 SM Interim Oct
      799 words
    • 940 22 Current Ex Books Date Total far Total tar payment date dose payable tee year last year MS 50c 3 51(b) Sep 10 Sep 24 Oct 23 35% 35% Bedford 50c 1% Nov 2 Nov 16 Dec 7 2% BMT J10 100% Nov 12 Nov 24 Nov 26 1409%
      940 words
    • 228 22 fimnirr Date Year Cro«p pre-tax Net earnings trtu MR to prcflt/teu (L) per than dhridMd (•OM) <cwrts) To«kah Oct 12 Jun 92 M$4,811l(M$2,551L) <—) Amai Steel Sep 30 Jun 92 M$134.025(M$143.495) 16.4(13) 12(10) Antah Sep 30 Jun 92 M$25.132(M$37,468) 6.4(11.9) 6TE(6) Bedford Sep 30 Jun 92 M$40,092t(M$25.500) 3.2t(2.2)
      228 words
    • 343 22 C— wmt Date HaM-yMr Crwip pre-tax luterwn a«a to profit/loss (L) dividend COM) Umphone Tel Oct 15 M 92 M$15,292(l«$l 1,018) Cheung Kong Oct 13 Jun 92 HK$2,896d(HK$2,296d) 40(34) Inno vest Oct 13 Jun 92 M514.475L(MS102) Causeway In* Oct 13 Jun 92 1602 ($784) Dairy Farm Oct 12
      343 words
    • 197 22 CMB Packaging Singapore Ltd: EGM at the Hibiscus Room, Tower Wing, Shangri-La Hotel, 22 Orange Grove Road, Singapore 1025, on Wednesday, October 21, at 12.00 noon Centrepoint Properties Ltd: AGM at Level 2, Alexandra Point 438 Alexandra Road, Singapore 0511, on Thursday. October 22, at 10.00am Hexza Corporation
      197 words
    • 121 22 u M I* M Y«r Faint Mi Rat IMFraft EPS mtt tar EPS finis pnfll la* fa* f*l W (cb) (HN) (SJa) (cts) SH F No* 8 Aug 92 62.6 25.0 153.810 166.5 —177.4 67.8—72.8 ■m Nb F Nov 18 Dec 92 1.8 1.5 4,925 4.5—7.5 1.2—2.0 Dm
      121 words
    • 267 22 Oct 16 Samta Investment Pte Ltd, a substantial shareholder of Apolo Enterprises Ltd, bought 213,000 Apollo shares for $362,100 on Oct 14, raising its stake to 14.2 million shares or 20.77 per cent from 13.9 million shares or 20.45 per cent. Oct 15 Textile and garment maker Heshe
      267 words
    • 841 22 Trees Registered Sentential Bey/ No. oi Aeiaeat Sturifcoldim Stock Data HaMar SkarefcoMar/Director Sail slum Before After Apoto 14/10/92 Samta Investment B 213.000 362,100 13,996.000 20 45 14.209,000 20.77 FES 14/10/92 Street Names Kepppel Corporation B 250.000 671,835 79.176.370 56 10 79.426.370 5630 Metal Ctainers 14/10/92 TC Realty
      841 words
    • 382 22 Company Rights Issue Gdden Hap* One-tor sa MSI SO per share Ei-date Ai« 27 Books dose: Sep 10 Acceptance Payment Oct 22 MAS One-tor-one g, M$S 00 per share Ei-date Sep 7 Books close Sep 21 Acceptance Payment Nov 2 0C8C One-ferine S3 00 per local share One-tor
      382 words
    • 271 22 Cob version Special Trdg Scripfess Conversion deadline Period Trading Company starts (IDP) (ST) starts Alex Hides Sep 28 Oct 22 Oct 12 Oct 22 Oct 23 Bonvests Nov 9 Dec 3 Nov 23 Dec 3 Dec 4 Cerebos Oct 16 Nov 12 Nov 2 Nov 12 Nov 13
      271 words
    • 144 22 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1992 h* 1316 68 (21/2/92) 1992 N* 1545 92 (27/1/92) 1992 tar. 1122 50 (18/8/92) 1992 tar 1310 95 (18/8/92) 1991 h*t 1333 08 (3/6/91) 1991 hi* 1565.58 (3/6/91) 1991 tar 1022.52 (16/1/91) 1991 tar 1149 08 (16/1/91) 1990 htft 1435.43
      144 words
    • 350 22 Id local cwt la S$ la US$ dy yr dy yr dy yr Oct 16 Index chge chgc chge chge chge chge Wor1d 373.9 -0-2 -8.4 -0.7 -9.5 -0.6 -8.6 tEAFE 439.4 -0.3 -12.5 -1.0 -13.1 -0.9 -12.2 Europe 394.4 0.5 -4.1 -1.4 -8.5 -1.4
      350 words
    • 482 22 Company Rights Issue Afanct Tedi One-tor one $100 per share Ami Strt One-tor three M$2 20 per share Issue of 211 62m 50% Cumutatn* Redeemable Preference shares of 10 sen each 1992/97 (CUPS) with up to *****m Transferable Sobscnpton R«bts (TSR) for an aggregate pnce of MSI per
      482 words

  • MARKET REVIEWS
    • 639 23 FT TWO broad factors will be driving the sentiment of equity investors on Wall Street over the next fortnight the tenor of third-quarter results from corporate America and increasing speculation about which stocks are likely to benefit or suffer from a Clinton presidency. The
      FT  -  639 words
    • 395 23 AFP SHARE PRICES rebounded on the Tokyo Stock Exchange in thin trading last week, on expectations of easier credit in Japan, the US and Europe. The Nikkei Stock Average of 225 selected issues in the major first section ended at 17,369.81 on Friday,
      AFP  -  395 words
    • 784 23  -  Sun Hung Kai S HONGKONG THE MARKET was in a bullish mood last week, stimulated by a last-minute compromise between the US and China on the Section 301 talks and the speech by Chinese Communist Party General Secretary Jiang Zemin praising the success of
      784 words
    • 948 23  -  LONDON By Ray Heath POLITICAL RISK is one of the key elements built into the calculations of those analysing countries from a top-down approach. If it was strictly applied to UK share prices, the FTSE 100 Share Index would now
      948 words
    • ASIAN MARKETS ROUNDUP
      • 230 23 THE Stock Exchange of Thailand (SET) eased slightly last Friday, ending a rollercoaster week that saw it shed 14.76 points, or 1.7 per cent, from its close seven days earlier. The index closed on Friday at 871.58 points, down 0.08 point for the day in light trading. Daily turnover
        230 words
      • 144 23 SHARE PRICES seesawed during the week in dull trading. The Composite Price Index closed at 526.45 points in Saturday's half-day session, up 0.68 point from a week earlier. E>aily turnover averaged 13.8 million shares, up from 13.57 million shares the previous week. Specialists said the steady decline of interest
        144 words
      • 122 23 THE ANNOUNCEMENT of a power rate hike effective next month and the beginning of daily six-hour power outages here sent the stock market falling, analysts said. The Composite Index at the Manila Stock Exchange fell by 2.6 per cent to hit 1,371.11 points on Friday, while the index at
        122 words
      • 243 23 SHARE PRICES on the Taiwan Stock Exchange rebounded on restored market confidence last week, buoyed by a possible cut in securities transaction tax and ample money supply here. Recouping a 2.6 per cent loss the preceding week, the 305-issue Weighted Price In- dex moved up 84.43 points, or 2.3
        243 words
      • 212 23 REVENUE detectives raided the homes and offices of top brokers last week in a crackdown that could spell new uncertainty for stock markets trying to recover from a huge securities fraud. Trading on the Bombay Stock Exchange ground to a halt after 30 minutes on Friday as officers swooped
        212 words
      • 178 23 TRADING remained dull and weak at the Jakarta Stock Exchange (JSE) last week and kept most prices stagnant. The week's trading improved slightly over the previous week with the daily average standing at 3.30 million shares worth 15.25 billion rupiah. An average of 2.68 million shares worth 9.19 billion
        178 words

  • WORLD STOCK MARKETS
    • Buy programs help pare losses on Wall St
      • Article, Illustration
        1368 24 STOCKS closed narrowly mixed in heavy but choppy trading last Friday as computer-guided buy programs tied to the "double-witching hour" helped the market pare earlier sharp losses. The late program buying enabled the Dow to nearly wipe out a deficit of about 30 points. The Dow Jones Industrial
        1,368 words
      • 120 24 THE STOCK MARKET made moderate progress on Friday, as the DAX Spot Trend Index finished at about 1,461.61 points, up by 0.6 per cent from 1,453.43 at the Thursday close. Frankfurt Oct 16 DM A eg 153.10 -1.50 BASF 207.40 2.20 BMW 458.50 4.50 Bayer 246.90 .40 Bayer Vercinsbank
        120 words
      • Article, Illustration
        682 24 STOCKS made a moderate advance on Friday, but midday gains scored on lower British interest rates were reduced before the close by a weak Wall Street. The 100-share Footsie index gained 17.3 points or 0.6 per cent on the day to end at 2,563.9, although it had been up
        682 words
      • 271 24 SHARES were depressed in spite of positive signals including a British interest rate cut by the nonappearance of demand players expected from a major expiry on the options exchange. "Things didn't go as people expected," said Han Vermeulen, chief trader at Van Meer James Capel. "The buying everyone had
        271 words
      • 241 24 A CUT in British interest rates stirred hopes of a coordinated reduction in European rates and boosted French share prices 2 per cent at midday, but Wall Street's weaker start later cut the legs out from under the rally. The CAC-40 Index peaked after Britain cut rates by one
        241 words
      • 135 24 SHARES closed broadly firmer in good volume on Friday, although late profittaking brought prices off highs. Talk of an imminent cut in the discount rate again spurred the market, although analysts said such a move was unlikely until the budget made further progress in Parliament. The MIB All-share Index
        135 words
      • 306 24 SHARES closed slightly higher on Friday after a weaker Wall Street opening prompted profit-taking to erase some of the earlier gains, dealers said. The broad SPI Index closed 3.4 points firmer at 1,140.3 and the SMI Index of leading shares rose 5.5 points to 1,883.5. Dealers said Friday's rate
        306 words
      • 210 24 SHARES ended the week irregular in low turnover, with eight-month results by both Trelleborg and Modo unable to breathe life into the bourse. "Also, some superstitious people have started selling ahead of today (the anniversary of the 1987 crash), but Wall Street will show the way ahead," one dealer
        210 words
      • 337 24 INTEREST RATE-sensitive shares propped up the bourse, which ended on Friday slightly firmer, but oil major Petrofina weighed heavily on the market. Dealers said Petrofina nose-dived to its lowest level since the early 1980s on pessimism over its Norway Ekofisk oil field, news it planned lay-offs in France, and
        337 words
      • 274 24 STOCKS finished stronger on Friday, buoyed by recoveries in the precious metals and transportation sectors, traders said. "For the past couple of days, we've been up more than it seems. IBM has been weighing the markets down, so has Phillip Morris," one trader said. The TSE 300 climbed 11.56
        274 words
      • 73 24 INDICES TURNOVER NEW YORK (lose Oct 16 Prcviow Dow Jones SAP 500 Turnover (million) 3.174.41 411.73 235.92 3,174.68 -0.27 409 60 2.13 213.59 +22.33 LONDON Financial Times 30 FTSE 100 Turnover (million) unav 2,563.9 585.3 1,850.2 2,546.6 +17.3 475.1 +110.2 FRANKFURT DAX Index 1,461.61 1,453.43 -8.18 AMSTERDAM EOE Index 275.97
        73 words
      • 302 24 Other markets in Europe, South Africa and Canada Johannesburg Oct 16 Rand MMiSTKIALS A Alpha 3000 100 AECI 580 unch AMIC 5150 -100 Abercom 125 Amaprop 640 10 BAZ 1300 Barlows 4450 75 Basil Strk 10 Blyvoor 335 35 CG Smith ***** unch Cnagalo 2175 Curfin 640 Edgars 5100 Fed
        302 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 460 25 NEW YORK Reuter NEW YORK The US dollar gained 1-1/2 pfennigs on Friday on speculation that a realignment of the European Exchange Rate Mechanism could come over the weekend. It dropped one yen as the widening US trade gap raised hopes
      Reuter  -  460 words
    • 664 25 ASIAN CURRENCIES AP HONGKONG The US dollar weakened on Asian currency markets last week, after strong gains in the previous week's trading, amid persistent predictions of an imminent cut in American interest rates. The only currency to fall against the greenback was the Taiwan dollar.
      AP  -  664 words
    • 413 25 Cross rates 0*16 USS SS MS Dm Yen SFr AS NZ$ USS 1.6070 2.5030 1.4630 120.70 0.5896 1.3070 1.3850 1.8450 SS 0.6223 1.5576 0.9104 75.1089 0.3669 0.8133 0.8619 1.1481 MS 0.3995 0.64 0.5845 48.2221 0.2356 0.5222 0.5534 0.7371 Dm 0.6835 1.0984 1.7109 82.50 0.4030 0.8934 0.9467 1.2611
      413 words
    • 527 25 Interbank rates a Bid Offer Overnight 1 1/2 1 5/8 1-month 13/8 11/2 2-month 1 3/8 1 1/2 3-month 1 3/8 1 1/2 Overnight mode: 1-7/16 USS High Low 7 days 3 1/4 3 3/16 1 month 3 1/4 3 3/16 2 months 3 1/4 3 1/8 3
      527 words
    • 516 25 survives rate cut, but only temporary: analysts Pound expected to decline given Britain's domestic problems Reuter LONDON The pound took only a modest hit after the UK cut base rates by a full point to 8 per cent, but most analysts feel the currency's nonchalance could not last. "Sterling had
      Reuter  -  516 words
    • 463 25 Reuter FRANKFURT The German Eurobond sector, already the most active in Europe after a flurry of issues in the past few weeks, is now readying itself for the first ever mark issue from the UK government, say syndicate bankers. EMS uncertainty
      Reuter  -  463 words
    • 262 25 Knight-Ridder NEW YORK Salomon Brothers' annual survey of the world bond market puts the year-end 1991 nominal value of outstanding publicly issued bonds in the 21 major bond markets at more than US$l4 trillion (Ss22 trillion). That level of bonds is a 12.4
      Knight-Ridder  -  262 words
    • 486 25 BANKS ABN Amro Bank NV 6 ANZ Banking Group 6% Allied Irish Bank PLC 6% American Express Bank 6Vj Arab Banking Corp 6% Arab Bank PLC 6 Asahi Bank Ltd 6Vfc BFCE 6* Ban Hin Lee Berhad 6 Banca Commerciale 6% Banco do Brasil 7 Bangkok Bank
      486 words
    • 139 25 COM EX Oct i6 COLD FVT1HCS (100 oz) USS/oz Open High Low Settle Change Oct 341.80 341.80 341.80 342.40 +1.40 2, Nov 342.40 +1.30 Dec 342.50 343.80 342.40 343.20 +1.30 Feb 93 343.90 345.00 343.60 344.50 +1.40: Apr 345.60 346.10 345.60 345.70 +1.40 Jun 346.50 347.10 346.50 347.10
      139 words
  • Page 25 Advertisements

  • COMMODITIES
    • 343 26 Reuter MOSCOW Predictions of a whirlwind romance between the West's oil industry and post-Soviet Russia still seem wide of the mark. Something more like a long, wary courtship seems to be going on even as decline continues in the oil output of
      Reuter  -  343 words
    • 273 26 Knight-Ridder LONDON Metal industry executives from around the world will gather here this week amid growing pressure for the London Metal Exchange to reform its membership structure which critics say is actively discouraging companies from joining the ring. Ring-dealing membership has dwindled
      Knight-Ridder  -  273 words
    • 859 26 REPORTS AFP LONDON A wave of redundancies in British industry, depressing economic statistics, and monetary uncertainty hung over traders on commodity markets last week and induced selling pressure on raw materials used in industry. Base metal prices on the London Metal Exchange suffered
      AFP  -  859 words
  • 1389 26 Rubber HAS Common ttty Exch) Mga (Mi ros dosi ag as at ipm) RSS I Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Nov 92 0.00 0.00 143.25 0 1,100 Dec 143.25 142.75 142.75 2,375 3,500 Jan 93 142.75 141.25 142.50 1,150 4,400 Feb 141.50
    1,389 words
  • Page 26 Advertisements
    • 378 26 BUSINESS TIMES Toll free Tel No 737 0043 'Fax No: 734 3608 f CMB PACKAGING SINGAPORE LIMITED "N (Incorporated in Singapore) LOST SHARE CERTIFICATES The undermentioned share certificates have been reported lost. destroyed or mtsiaid:ttamt cufflmma. No. of mar— Veliayappan s/o *****4 1 x 250 Karrupptah Karrupptah ***** 1 x
      378 words
    • 22 26 NOT SURE WHERE TW PUT YftUR M#NEY? (icl ihc answer in fictional Investment fit Finance. Kvery Saturday in Rusincs ITmcv Business Times
      22 words

  • 1193 27 CKj CT* Flgfct ETD City FlgM ETA FVgM ETD Aba MaU GA982 2135 faracM SQ418 1245 MM SQ227 Itoti Waafcala MH631 1520 MH630 0950 SQ228 3050 KaaU Luff MH629 0035 MH602 0700 >«llirllll KL837 1340 SQ324 0905 MH640 0605 SQ102 0730 KL832 2340 MM604 0740 SQ103
    1,193 words
  • THE TRAVEL PAGE
    • 618 27 LETTER FROM BRIDGEPORT NYT ON a hilly road in the exclusive enclave of Black Rock, where sprawling homes overlook Long Island Sound, stands a tall fir tree, a tree that can be heard from three blocks away, thanks to the chirping, squawking and
      NYT  -  618 words
    • 153 27 As at 10am on Friday: Local dollars to oae unit of foreign ciaiety Currencies Bid Offer Australian dollar 1.1549 1.1712 Canadian dollar 1.2744 1.3002 NZ dollar 0.8617 0 8800 Sterling pound 2.7312 2.7493 US dollar 1.6020 1.6120 Local Jottan to 100 arts of fwcJga cwreacy Austrian
      153 words
    • 93 27 Duration Title Venue Organner Td Duration Thie Venue Oipniser Td Nov 11-22 Genevm Fur Geneva Societe 002/*****83 Nov 24-29 International The 44-71/*****73 40thi Ideal Home d'expioitation Building and Trade F*hft>ttkwi Exhibition du Salon da Construction Aits Menagen Exhibition Nov 14-23 India New Delhi, Trade Fair (91)11/*****42 Nov
      93 words
  • Page 27 Advertisements
    • 42 27 It's amazing the lengths Finnair goes to for just one price. Fly Finnair to Europe and well take you to 35 European destinations for the same price. Check with your travel agent or call *****77 for more details. i i i• i
      42 words
    • 24 27 Difficulty in getting a copy of Her World. Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749-2577 for locations of nearest newsstands.
      24 words
    • 750 27 B_USINESSTIt^ES Toll free Tai No: 737-0043 Fax No: 734 3608 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I.DevadasNaidu of BkSOQOD Marine Parade Road, 120-15 Lagona Patfc, Singapore 1544, have applied for a Ist Class Public House licence in respect of premises at Mfe Caravan at BO 1-09 Katong People's
      750 words
  • Page 27 Miscellaneous
    • 298 27 1 Say one should slnd away 5 Start firing or start firing 9 Cautious eavesdroppers be--10 Supply garments for a stupid jj— 12 Broadcast on ethnic problem as a running event (5,4) 13 A capital (Italian) fragrance l|^ 14 Eating house supplying con- tinental coffee 19 Initiate action when thieves
      298 words
    • 163 27 Singapore Outlook: Showers over trail areas ia the aaora^. Report Maximum temperature 31.3 Assoc humidity 72% Minimum temperature 25.2 Assoc humidity. 99% Hours of sunshine 7.00 Rainfall in mm nil Rainfall this month 131.5 Rainy days this month 10 wono report Asia-Pacific Hi/Lo* Cood. Auckland 15/08 Cloudy Bangkok 31/23 Cloudy
      163 words
    • 28 27 iuL PifcST\ TW ST^ C H€X> tn I in twc. J g£*g* W S J^T smost tvhs y &*<» P*s f\u. ouTpooK* U )£XX\.. CAN PPW V XI Wbu
      28 words

  • 466 28 IHT SINGAPORE Governments and companies in Asia tracking the US presidential campaign have concluded that Democrat Bill Clinton is almost certain to win. But they do not know quite what to expect and tend to fear the worst in particular,
    IHT  -  466 words
  • 216 28 AP SEOUL A President Bill Clinton would be likely to accelerate cuts in US forces stationed in South Korea as a way of slashing defence spending, the Foreign Ministry said yesterday. In a report to Parliament, the ministry said the Democratic presidential
    AP  -  216 words
  • 467 28 Washington sees regionalism as efficient alternative: experts Reuter OTTAWA Could the North American Free Trade Agreement be the last nail in Gatt's coffin? Trade experts fear the rise of regional trading blocs in the 1990s may signal the sunset of the
    Reuter  -  467 words
  • 649 28  -  The Bottom Line PAUL WEDEL PAUL WEDEL The writer, a director of the Pacific Rim Consulting Group, was formerly Bangkok bureau chief for UPI news agency. He contributed this commentary to BT FOR THE PAST five years, Thailand has managed to succeed
    649 words
  • 201 28 Reuter NEW YORK A private Chinese group called in a full-page newspaper advertisement yesterday for Japanese Emperor Akihito to apologise for Japanese atrocities in China before and during World War n. The Chinese Alliance for Memorial and Justice took out the advertisement in
    Reuter  -  201 words
  • 46 28 BERLIN A military guard of honour carrying the coffin of former West German Chancellor Willy Brandt after a state funeral ceremony last Saturday. German President Richard von Weizsaecker, Chancellor Helmut Kohl and foreign leaders were present to pay their last respects.
    46 words
  • 261 28 UPI TOKYO A former Cabinet minister predicted yesterday the political fallout from an ongoing bribery scandal will cause the largest clique in the ruling party to disintegrate, throwing politics into turmoil. Shintaro Ishihara, a former transport minister, said even if the Takeshita faction
    UPI  -  261 words
  • 191 28 AFP TAIPEI Some of Taiwan's leading business groups are under investigation for fraud over massive tax-free land purchases, investigators said yesterday. Three conglomerates, Shin Kong, Lucky Cement and Union Construction, were alleged to have bought up vast tracts of land using farmers as front
    AFP  -  191 words
  • 264 28 Reuter LONDON British newspapers, many traditional allies of the Conservative Party, joined yesterday to attack Prime Minister John Major over his handling of an economic crisis and plans to close half of Britain's coal mines. The chorus of editorial outrage was
    Reuter  -  264 words
  • Page 28 Advertisements

  • Shipping Times
    • 297 29  -  By Juliette Walker SINGAPORE Mediumsized Pan-United Shipyard has secured two newbuilding contracts worth $30 million. Pan-United will build three highly-manoeuvrable tugboats for the Port of Singapore Authority and an integrated bulk cement pusherbarge for an overseas client, the local yard said. Pan-United is scheduled
      297 words
    • 261 29  -  By Rahita Elias SINGAPORE Trengganubased Kemaman Feeder Service, which launched a service to Singapore early this year, is planning to add a second ship to the operations at the start of next year. The company, a whollyowned subsidiary of the Trengganu State
      261 words
    • 187 29 AFP SANTIAGO A Japanese delegation has met Chilean officials to allay fears over the shipment of a tonne of highly toxic plutonium from France to Japan, possibly via Cape Horn, officials said last Saturday. The ship carrying the explosive and highly radioactive cargo may
      AFP  -  187 words
    • 188 29 AFP KARACHI Pakistan's first shipping company in the private sector has begun operations with a bulk carrier acquired from a Norwegian company, shipping sources said on Saturday. The flag-hoisting ceremony for the 34,686-tonne bulk carrier Delta Star, purchased by the Pakistani private firm
      AFP  -  188 words
    • 1186 29 Page Col ABC ConUinerline 12 1 Accord Group 8 1-3 Ahrcnkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 1 ANL 3 1/2 APL 5 3-5 Asia Cont Lines 14 5 Asian Break-Bulk 16 3 ASCL 5 5 ASXCL Shpg 15 2
      1,186 words
    • 345 29 Port confident of double-digit growth Bernama BUTTERWORTH The Penang Port Commission (PPC) will invest Ms 22 million (SSI4 million) this year to upgrade its container facilities to ensure that its port remains the best in terms of service in the region. PPC chairman Syed Mohamad
      Bernama  -  345 words
    • LOG BOOK
      • 125 30 SINGAPORE A fire on a tanker which killed six people last July was caused by negligence, a state counsel told a commission of inquiry. The fire occurred on board the MT Stolt Spur while it was undergoing repair work at Singapore's Sembawang Shipyard.
        125 words
      • 111 30 KUALA LUMPUR The Malaysian Cabinet will decide on appropriate action after the results of the investigation into the fire at the Kuala Lumpur International Airport are known, Deputy Prime Minister Ghafar Baba said. "TTiis is an important matter and the Cabinet will make a decision.
        111 words
      • 89 30 WASHINGTON The United States' largest ethanol producer will play it safe and wait for final approval of revised pro-ethanol clean air rules before going forward with plans to expand production of the corn-based fuel additive. Archer Daniels Midland Co said it was not sure
        89 words
      • 47 30 LONDON The Panamanian vessel Andhika Adiraja suffered an engine breakdown and flooding in the South China Sea, but has now restarted its engines, Lloyd's Shipping Intelligence Service said. The 7,120 dwt vessel's pumps are working and it is proceeding under its own power.
        47 words
      • 55 30 BEDFORD, Massachusetts A strong storm will be a threat to shipping in the North Sea, especially in southern and southeastern areas, private forecaster Weather Services Corporation said. The storm will cause moderate to strong gusty winds through northwestern Europe, bringing colder temperatures and occasional rainfall
        55 words
      • 88 30 NEWARK, New Jersey A jogger who ran across two major runways kept planes from landing at the busy Newark International Airport, police said. "How he got there I don't know," said officer John Nesbitt Friday after Darrell Stokling, 30, ran from one end of the airport
        88 words
    • 1191 30  -  Thai Airways' first civilian president aims to erase the airline's sullied image and restore it to its former gloiy as one of Asia's leading carriers, reports Denholm Barnetson Denholm Barnetson UPI Thai airways International has emerged from a period of turmoil with a new and
      UPI  -  1,191 words
    • 826 30 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      826 words
    • 9930 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      9,930 words
    • SHIPS IN PORT
      • 661 45 *5!! fcrt* kiM Dqmtn inui fc B«tt kiM Pqtrtit Marina Terminal 1 Qmg Rong J6 alongside 1910/2300 Batam indah N02 M03 19 10/0900 20 10/2300 M 112 atonpide 1910/0800 Batam Map *****2 M05 19.10/1000 20 10/0500 0w Swaya 24/92 J12 1910/0830 2010/0730 Batam Murni *****2 M03 1910/1000
        661 words
      • 1776 45 DELIVERY OF FCl IMPORT CONTAINERS IN PROGRESS OM u a u— m n. il t .1 w i wf ni unuran naix vessel w m oenr fvrwa ueparui* Ml Breea 104 *****2 1125 Benji Bhum 48S COO(EST) 18 10 92 2300 Nopor 1049A *****2 1215 OOCl Fair 35W
        1,776 words
    • 965 46 STEADIER FREIGHT market fixtures and a large volume of time-charters were accompanied by a one point rise in the Baltic Freight Index (BF1), brokers said on Thursday. The BFI at 1,049 showed higher transatlantic rates on exSoviet charter hopes and mostly unchanged rates elsewhere. US Gulf/Japan heavy grain
      965 words
    • 803 46 Oct 21 (1215-1430 hrs* Luncheon talk on Implementation of GMDSS organised by Singapore National Shipping Association at WTC Gub. For further details, please contact SNSA at tel: 278-3464 or fax: 274-5079. Oct 23: Revision to the Uniform Customs Practice for Documentary Credits: ICC No 400. Talk organised by
      803 words
    • 336 48 AP BEIJING Hongkong governor Chris Patten has undermined the British colony's stability by proposing more democratic reforms before the colony reverts to Chinese rule in 1997, an official Chinese magazine says. The state-run Xinhua News Agency carried excerpts from the Outlook Weekly article
      AP  -  336 words
    • 529 48 NYT NEW YORK The United States has a budget deficit, a trade deficit and an appetite for oil so huge that the fate of oil-exporting kings and emirs is a major focus of foreign policy. To help get
      NYT  -  529 words
    • 266 48 AP ROME Transcripts of a telephone call between air traffic control towers show two fighter jets were in the area of a passenger plane that mysteriously crashed 12 years ago, killing 81 people, Italian news agencies reported last Saturday. The conversation, only partially
      AP  -  266 words
    • 473 48 Pratt Whitney to lay off 3,600 workers NYT HARTFORD, Connecticut Pratt Whitney, the jetengine maker, said that it would lay off 3,600 workers in Connecticut, more than 16 per cent of its work force here, over the next eight months because of a steep drop in commercial-airline contracts. Nearly 470
      NYT  -  473 words
    • 220 48 AP NICOSIA, Cyprus Iran has taken delivery of five German-made Dornier 228 aircraft, the Islamic Republic News Agency reported last Saturday. The agency, monitored in Nicosia, said the aircraft were handed over to Iranian officials during a ceremony in Bonn last Friday. It did not
      AP  -  220 words
    • 261 48 AFP KABUL Eleven petrol tankers manufactured by the Jangalak government industrial complex in Kabul sit idle in the factory grounds as the capital suffers a shortage of fuel transportation. An Afghan government minister recently expressed concern about a potential winter shortfall of
      AFP  -  261 words
    • 544 48 AP MOGADISHU, Somalia International relief agencies say 500 armed UN troops in Mogadishu can't possibly keep looters from seizing food shipments destined for starving Somalis. "You should have 15,000 otherwise it's a joke," said Mike McDonna, field director for the
      AP  -  544 words
  • Page 29 Advertisements
    • 18 29 Thai Airways hopes to soar again, Page 2 Chinese magazine slams Patten over airport and port, Back Page
      18 words
    • 15 29 UM* aN MTVICM rapraiNM to a*— &jajw For advertising enquiries, contact Shipping Times Tel 740-2089/740-2090.
      15 words
    • 205 29 the FAMOUS %*mw4 ■!Mlllg|* 224 1833 For more information pleane refer to Pf. 13 When Serving Our Customers, yte Use An Impressive Set Of Disnes. y im v V' *¥*■■£v \MF®S^ii*•,•■•■»-v^£fH9lHfc^^l f: M\ j£ H PI ■frilimGw^fatt.lttaifr Nobody caters to your information needs status, routes and rates can usually be
      205 words

  • Page 30 Advertisements
    • 95 30 \g2Si®lli/lllf It could be a controversial deal between two stock J market stars, a thought-provoking report by J "iqi university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature
      95 words

  • Page 31 Advertisements
    • 2623 31 OOCL (3) PTE LTD JAR DINE SHIPPING AGENCIES TEL: *****11 FAX: *****09 \llV#A BOOKINGS TEL: *****34 *****58 ■MllflW TERMINAL/CFS TEL: *****18 220 PDOwflH PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. k A m PORT KELANG TEL: *****18 FAX: *****91 *****88 4 1:+~ PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated
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    • 1406 31 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT fm®3g£//i I UNITED ARAB SHIPPING (SAG/I VSI/VOV Wl WYC I BAI I OOf 5*V W* U/lt 11/U 13/11 M/U a/11 ft UMFI n 7/11 18/U 11/U U/U U/U ywio nun ivu a/u a/u
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    • 1459 31 ■□IiViHiHiUIM WEEKLY DIRECT CALL TO SHIMIZU LEXA MAERSK V.9213 ETA SIN 22/10/92 ETA SHIMIZU 3/11/92 Vaaael Voy ETA ETO Feeder by DESTINATIONS This week Malhltde Maerak 9210 HIWWW^MW cv 20/10 0000 hrs CFS 18/10 2359 MRS JOM LPK PEN OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC MOM
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  • Page 32 Advertisements
    • 1391 32 ROAM/ VOY NO SPORE JEDOAH SHAMTON H'BURG ANT LE HARVE I MONTE ROSA 21/142 22/10 7/11 10/11 8/11 V j DRESDEN EXPRESS 07/342 24/10 3/11 11/11 14/11 16/11 18/11 L^l^M^^^KflUliKL'' KAMAKURA 25/143 29/10 14/11 17/11 15/11 j KAQA 26/343 31/10 10/11 18/11 21/11 22/11 25/11 TOKIO EXPRESS 09/144 5/11 21/11
      1,391 words
    • 460 32 z— FCL Break bulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder In Kabul for al services C.1.5.-Vostochnjr, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam a Mongolia Hungary CSf Re Poland ocflarrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ItA Hl A. ABRAHAM 25/10 VILLE DE
      460 words
    • 1283 32 ll ggBBBBBIB 188 REGULAR INDEPENDENT FULL CONTAINER SERVICE EXPRESS LCL SERVICE DEPARTING EVERY SUNDAY WE ARE PLEASED TO ANNOUNCE AS FROM S MARINER V 9233-4 ETA SINGAPORE 25/10/92, LCL CARGOES CAN BE ACCEPTED TO THE FOLLOWING DESTINATIONS: TRANSIT UNITED KINGDOM FELIXSTOWE 23 DAYS GERMANY HAMBURG 20 DAYS THE NETHERLANDS ROTTERDAM
      1,283 words

  • Page 33 Advertisements
    • 1853 33 H STRAITS SHIPPING PTE LTD 10 Hoo Chiang Rood #11-01 Keppd Towers Slngoporo 0200 Tel: *****5S Fox: *****17 accepts cms) due uii STtAJTS KMTUK ¥2* Hun. LA 1»20 Oct 21 Oct 22 Oct OB mun VOX Ua« In 22 23 Oct 22 Oct 24 Oct SMGVOS FHNOM POM L *27
      1,853 words
    • 2507 33 SINGAPORE AGENT: pw| AnfoinAf*G p container* (Singapore Agenciea) Pie Ltd X ULV/ VjlVllLCllllvl O 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z VCMCL VOY UN -HQ Mt ALO MU AMT HOT HAM VI MCI VOY
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  • Page 34 Advertisements
    • 645 34 tgJJIUIiMIiIJ CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE WSL/WY STOtt ROAM ADAM H'BUtG BttUN «T*W WTM/2MB In Port IJ/11 24/11 27/11 21/11 mmmjim 2</i2 3/1 7/1 12/1 15/1 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Bubi«ct to Inducement. Also accepting cargo to Casablanca, Port Said, Poet Alexandria, Genoa.
      645 words
    • 1457 34 ©HANJIN SHIPPING FDR VS. SN UK HAU. LB 0M FOR V3L llfE HAUL IN U NIC HAIUN 10NG8EACH 0391 25/10 DKCT 15/11 18/11 HAMM KMMYMK 0941 19/10 N. ASM 0041 21/11 27/11 29/11 HAMM ROTTODAM 0201 1/11 DKCT 22/11 25/11 HAMN KH6AN 080E 26/10 H. KEQUNC 0391 3/12 4/12 6/12
      1,457 words
    • 1219 34 Im W( uc u OB Kl K no UU CM Ml MTCIM Maw MG P» CM ML I I SLUHT MOW M/ 10 *1/10 M/ 10 M/ 10 M/ 10 2/11 VII VU VU 7/11 1/11 a/11 2/12 4/12 S/12 IS/U 10/12 17/12 U/U 11/U a/12 1/1 12/1 11/1 i
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  • Page 35 Advertisements
    • 1685 35 II PLEASE DIAL TEL *****00 II II FOR ALL BOOKIH6S NOL SERVICES) I I U FEEDER VSL VOY I SGP MOTHER VBL VOY SET PLD VEBBEL VOY BGP LOS OAK VAN CHI DAL/HOI MPH ATL NYK I N AMBER 08E I 21/10 C. ZEUS 41E 08/11 12/11 12/U N AMBEK
      1,685 words
    • 1140 35 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BALT ORIENT LINE: *****64 FESCO: *****06 BLASCO ODESSA: *****51/*****31 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 JAKARTA: *****57 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 MARINE INSURANCE SERVICE: *****87/ *****87 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUNP—OtSCH/MtONG WESTBOUC-lOOOWG TRAIOHPfED VIA
      1,140 words

  • Page 36 Advertisements
    • 1507 36 K *W* AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) ■A W W lfcT TEL *****77 TELEX- KAWAKIRS23I6S FAX: *****07/8/9 H MALAYSIA: "K' UNE MARITIME (MALAYSIA) SON BHD I AMh MmJi JL A TEL SA *****00 P< *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T.
      1,507 words
    • 1078 36 PHIU-ORI€NT LINK PTC LTD «h 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** FAX: *****76/*****38 9>jU BY AIR, LAND OR SEA.... /4f|S IV£ TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 18 OCT SYDNEY, MELBOURNE, BRISBANE, FREMANTLE 26 OCT AUCKLANO, WELLINGTON,
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  • Page 37 Advertisements
    • 1156 37 IL PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street. #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E •UNQATtRATAI S 2?*> 23/10 5/10 "T*****" EOUAToiI HAWK 2," KOTA MNTANO KBT3ON 10/10 M/ 10 *7/10 KOTA i2OAH I!? ?2/« EQUATOR CRYSTAL 113N 11/10 K/10 M/ 10 KOTA INOAH 431 M/
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    • 1367 37 eOI 1 I jPSBBSKwISKi^^ I P P GUOANG PENANG PKELANG OCEAN VSL/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) I E 16/10 16/10 17/10 BENAVON 2412 20/10 6/11 8/11 9/11 11/11 I E 23/10 23/10 24/10 JUTLANPA 2422 27/10 oTTi isTTi ***** iiTTi I D 30/10 30/10 31/10
      1,367 words
    • 268 37 II BSA° TRANSPORTATION M MYANMA wßik FIVE STAR LINE (Myanmar National Line) Loadmg for Yangon (Rangoon) Spore PJ(I| Pen P.Gdf PAGAN VIUW 30/1 MM HPA-AN VIB3W 4/7 Net PAGAR VIWW 15/11 NM NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJC VJO SPORE 23 Nov Lago* 16 D«c PI Har
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  • Page 39 Advertisements
    • 46 39 L/C VISA FREIGHT SERVICES PTE LTD Established Since 1984 IrflL'consOLibAiloN AUCKLMO S¥DRCT ImOTT EXPORT mow nmiffli SERVICES yj FOR BOOKING at SAILING SCHEDULE, CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: *****66 TOLL-FREE TEL: *****34 FAX:*****86 FAX:*****37
      46 words

  • Page 40 Advertisements
    • 2497 40 Conventional Semi-Container Fuil Container Liner Services Liner Services Malaysia's Ajents: Indonesia's Agents: General Agents: Booking Agents: General Agents: Booking Agents: Gnan Coan Skipping Sdn BH Chung Ckioo Shipping S4n BM P.T. Ghkal Pntra Indonesia Maritime Ykk Fung Shipping SHppmg FnigM Iwtiir CnatsMp ggmiu Costsr Shipping Pte Ltd Shipom Fright Booking
      2,497 words
    • 280 40 n== SAMHOBU HKMESU (S) S STI 15 McCALLUM STREET #03-01/« NATWEST CENTRE W Singapore OHM Totes: R*****0 Tot: 22M301-3 Foe 225 4030, 227*130 FOR BOOKMQS CALL OMECT UNE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY sm JAK MERKUR DELTA 944 20/10 (TUE) 24/10 (SAT) LAWANTI 982 21/10 (WED) 23/10 (FRI) DERAJAT
      280 words

  • Page 41 Advertisements
    • 617 41 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PWEAUS 21/10 ROTTERDAM 25/10 HAIFA/ ASHDOO/ALEXANDRIA 21/10 HAMBURG/BREMEN 25/10 MARSEILE/FRANCE 21/10 FEUXSTOWE/UK 25/10 BARCELONA/SPAM 21/10 LEHAVRE/ANTWERP 25/10 GENOA/ITALY 21/10 GOTHENBURG/SCANDINAVIA 25/10 LOS ANGELES/WC/P1 25/10 SYDNEY/MELBOURNE 25/10 NEW YORK/EC 25/10 FREMANTLE/ADELADE 22/10 VANCOUVER 25/10
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    • 683 41 CZa RICHFIELD MARINE AGENCIES (S) PTE LTD »1 TEL: *****33 (12 Lin**) LS FAX: *****15/*****03 |t| TELEX: R8 ***** RIBHIP (3 Linaa) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivoy I eta Iloaomo fob wow ANOINET 2SWB 27/10 OAftESSALAAM. MOMBASA. DJBOUTT" ASSAB. MASSAWA ABBAY WOW
      683 words
    • 738 41 maim »tai us 2i/i> 24/10 ma bmum#» 2«w Ty§ 2t/ia fn wit ®i 5 ?3 10 »/"> TMMM MOT 02ST fh4 21/10 Srt 24/10 BPU M< UIM MAMA BHUM# 129N IM 21/10 Six 25/10 pun BHUM 025 29/10 02/10 11/,. u/1. 1 W" SURABAYA/SEMIRING PWA Mtßl## 254W Mw 20/10 IMi
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  • Page 42 Advertisements
    • 1530 42 |LA§MAC-NELS groupage I I K-/\ JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 W 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 21/10 22/10 23/10 Honi Konj Ldn/Fta/Rdm/Ant 22/10 23/10 24/10 25/10 26/10 27/10 Honi Kong G'bwf/Chafen/Sholm/Oslo 25/10
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    • 333 42 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM ML LYT SM MJST STAR 0530 26/10 7/11 9/11 26/11 PROSPECT 21S 6/11 18/11 20/11 6/12 N Z STAR 0532 17/11 25/11 1/12 17/12 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON. ACCEPTING FCL LCL FOR NEW PLYMOUTH,
      333 words
    • 1177 42 f THONG SOON UNES PTE. LTD.] Ms 77 ROBINSON ROAD #15-00, #16-00 SIA BUUXNG SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO i MwwnuimA'niiHßf i SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL IVOT Is PORE IttST lESSQ VOT SfWE P.
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  • Page 43 Advertisements
    • 804 43 COMPANIA PERUANA WKA DE VAPORES V "PERUVIAN STATE LINE" ACCEPTMG BREAKBUK/FCI/SOC CARGOES TO/FROM CALL AO, MAT ARAM, 10* I OTHER PERUVMM PORTS* MTH T/S AT KOBE ON CPV TWOUGH HLL OF LAOMG. WgV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTMG BREAKBULK/SOC CARGOES TO/FROM KOBE, YOKOHAMA. NAGOYA, MOA, TOKYO*, MANLA*. OAYAO*,
      804 words
    • 593 43 IICZJ JSL, El N. AMERICA/CARRIBEAN SERVICES WML DOT m MAOUO VOT UU IST SAD Wt *1 m TOROHMM 21E 2»/10 ZN ROMA S JO/11 1/12 11/12 1&/12 17/U m OAT 7IE 14/11 mOH INS J* 11/12 24/12 24/12 24/12 21/12 ZN 4MOKMA 2H 14/11 ZN IDUNB IS 11/12 24/12 24/12
      593 words
    • 589 43 CONVENTIONAL SERVICE TO/FRO A) VIETNAM B) HONG KONG C) BANGKOK D) INDIAN SUB-CONTINENT PORTS REGULAR UNER CONVENTIONAL SERVICE TO BELAWAN/JKT VOY. NO. PK BLW JKT SEA QUEEN 6GB 22/9 24/9 SEA QUEEN 609 28/9 29/9 SEA QUEEN 610 1/10 3/10 GULF TRAVELLER 41 5/10 11/10 GULF TRAVELLER 42 19/10 25/10
      589 words
    • 405 43 MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLMC MARSEILLE/LASPEZIA TWICE WEEKLY CONTAMER SERVICE SIN/MADRAS/SIN WEEKLY CONTAMER SERVICE SIN/CALCUTTA/SIN WITH TRANSNftftHT TO: ASEAN/AISTRALIA/FAR EAST/WMTERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CAM MOKIRE LBCXT TIABSPBBT A FKIBHT CO (PTE)
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    • 340 43 SIN FM EAST 27/10 KEELUNG/KAOHSIUNG 25/10 BANGKOK 23/10 MANILA/CEBU 25/10 JAKARTA/BELAWAN/SURABAYA 26/10 PORT KELANG/PENANG/E. MALAYSIA 26/10 BUSAN 25/10 TOKYO/YOKO/KOBE/NGO/OSA 26/10 HONG KONG S|N CHINA (+B#±«*n) 26/10 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo S|N EUROPE/UK 24/10 LDN/FLX/LVP/SOU 24/10 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Romama/Poland/Bulgaria/Czech. Si USA/CAMAD* 25/10
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  • Page 44 Advertisements
    • 730 44 I ECONOLINES We deliver 2040 points throughout 17 We provide weekly consolidations to 32 1 countries in conformity with 13 imcoterms Discharging ports at own Bonded Warehouse total demands in shipping for carrying your with in house customs service and Routier goods from door to door trucks for home deliveries
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    • 511 44 BontermJ CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 26TH OCTOBER ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 25 OCT JAKARTA 25 OCT PENANG 22 OCT POUT KELAMG 22 OCT MELBOURNE 25 OCT SYDNEY 25 OCT FREMANTLE 23 OCT BRISBANE 30 OCT HAMBURG 24 OCT FELIXSTOWE 24 OCT GOTHENBURG 24 OCT
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    • 299 44 This Week's Sailings j To: ETD To! ETD Singapore Singapore B k k 18/10 92 Hamburg 17/10/92 Manila 16/10/92 (Onforwarding to Mid West/ 18/10/92 Colombo I 19/10/92 Tel: Fax: voa fhtm IHHtt WW Singapore 778 6522 *****38 c^th. &M Johore 07-*****8 07-*****3 Alfred Ng YJmr Jakarta 021-*****40 021-*****01 Troy Hsu
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    • 512 44 CHINESE-POLISH JOINT STOCK SHIPPING CO 1 CONTAMER/BREAK BULK I PARANDOWSKI V.50 «/11 CASABLANCA lAXMG VOl 24/11 SHANGHAI/XMGANG 2 BALTIC FAR EAST SHIPPING PTE LTD 2 USTM ROAD #10-00, HMC BULOMG. STORE 0207 i TEL: *****69 FAX: *****09 TU: RS ***** BALFES OEL OR,ENT EXPRESS LINES ouiai REGIONAL OFFICE Tel: 2272M7
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  • Page 45 Advertisements
    • 1240 45 FAST TRAHSIT ***** 35 DAVS ONLY SINGAPORE TO MANTA (ECUADOR) FEEDH «5Sa PUG PtM OCUM KSSEL SM l£H RTM(I) HAM (2) IN FU SOU SOT a Bhum B Seroia 16/10 14/10 NLI Hoorn/2362 23/10 7/11 8/11 10/11 11/11 9/11 10/11 11/11 NLL *osano/*****® 19/10 22/10 21/10 20/10 23/10 27/10 13/11
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  • Page 46 Advertisements
    • 347 46 NORTH PHILIPPINES FULL CONTAINER SERVCE VESSa VOYAGE SXGAPORE MANILA VIGOUR LUZON 2NB 23/10/92 (FRO 28/10/92 TWO SALINGS WEEKLY VIGOUR SINGAPORE 3»« 26/10/92 (MON) 31/10/92 MONDAY AND FWDAY VIGOUR PACffIC 74N8 30/10/92 (FRI) 04/11/92 m VIGOUR LUZON 3NB 02/11/92 (MON) 07/11/92 iWWWa PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SWGAPORE PORT
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    • 310 46 .flLcosco ukc coNvewnowAL Mfflg VESSEL PKL PNG P.O. LOAD*NO FOR: A VESSEL 28/10 Rotterdam/Antwerp CKNA COHVPmOHAI SgHVICt VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 15/10 20/10 Huangpu/Quangzhou COgCO FULL COjjTAjHW K*VICt» (FCL/TCL) EXPORT TO: CHIMA/BAHttKOH/HOWQKOWO EUROPE/CONTMENTAL WEST MEDITERRANEAN AUSTRALIA U« WEST COAST PERSIAN OULf/KARACHI Pleas* rater above mentioned services
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    • 275 46 mmm CONTAINER LINE VW Auckland fc AUCKLAND WEEKLY 5 CONSOLIDATION Inland Destinations: S NEW ZEAIAND NEW PLYMOUTH DUN EDI N l WELLINGTON HAMILTON CHRISTCHURCH/ LYTTLETON y* TAURANGA/ WELLINGTON NAPIER »Christchurch Tel: 538 0155 OWENS CONTAINER LINE (S) PTE LTD /bunedm 133 New Bridge Road #09-06 Chinatown Point S'pore 01 OS
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  • Page 46 Miscellaneous
    • 456 46 TODAY'S TIDES (hejht in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 o*oo 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300 JR 1.0 1.3 1.7 1.9 20 2.1 19 1.7 1.4 1.3 13 1.5 1.7 2.1 24 2.7 2.7 26 2.3
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  • Page 47 Advertisements
    • 1081 47 HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE ttssas rm-t- mtt rq>+ aw mm r nr him fd. SI. MMKR JOIN 23/10 23/10 23/10 25/10 13/11 13/11 14/11 14/11 14/U 17/11 H. OTIORER 302* 30/10 30/10 30/10 1/11 20/11 20/11 21/11 21/U 21/11 24/11 H. CHALLENGER 301* 6/11 6/11
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    • 444 47 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO t HEAVY LIFTS INBOUND VESSELS visa nv n kk u TUB MTO MM fi! MA PT tauk raut II ■PT n/ii BAMUTU I I 11/11 21/H IS/19 tWMi 3 3 23/11 mua ocua m 2s/ii m h/io BMTWBI 7 1 21/11 21/11 nmrn
      444 words
    • 756 47 JEDDAH/UK/CONTNENT |rp«E Id rron nut rtmm idi *Mm acc**« U* f* MOMIE MM 21/142 22/11 7/11 1/11 1/11 'IM 11 .hM mi Mfc MUttH Of 17/342 B/10 3/11 U/U 14/11 1< /U 11/11 MM* :to N AMvm. 'i Inn OMI MMM KANMIMA2VM3 21/11 21/11 11/11 17/11 :to M" l.lTl JMh
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    • 131 47 «BINTANG MAS SHIPPING PTE. LTD. 39 NOL ROM) SMGAPORE 0208 TEL: *****88 TLX: R*****5 SMO FAX: *****64 ACQTO PORTS OF CM6O STQH OCSTMTm KKUtT HML V2K 17-21 Oct IS2I Oct Man. Utaai WTME SOW *2lf 19-21 Oct 22-22 Oct BM*. Mrt. KM VBCJKI JNX VISE 24-21 Oct 27 28 Oct
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