The Business Times, 29 October 1992

Total Pages: 54
1 54 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER EOR S-E ASIA MITA (P) 35/12/91 Thursday, October 29, 1992 75*
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  • NEWS SUMMARY
    • 97 1 WASHINGTON Orders for major consumer goods dropped for a third straight month in September, the US Commerce Department said yesterday, showing the longest string of monthly declines since the beginning of 1991. Steady weakening in the US industrial sector dampened positive news
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    • 35 1 A TOTAL of 32 bids were received for four separate tenders to upgrade a total of 4,212 flats in Telok Blangah. Ang Mo Kio, Lorong Lew Lian and Clementi Page 2
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    • 36 1 JAPAN'S governing Liberal Democratic Party failed to resolve a fierce power struggle yesterday, raising fears that crucial actions to stimulate the sagging economy may be delayed in the new session of Parliament Page 9
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    • 29 1 A FOUR-YEAR programme aimed at upholding intellectual property rights will be drawn up by the United Nations Development Programme for the Asia-Pacific region in December Page 9
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    • 44 1 AUSTRALIA has introduced stringent new criteria to reduce the number of visas issued to Chinese students. The rules are aimed at cutting back on the number of Chinese students trying to bypass immigration procedures to stay in the country Page 9
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    • 30 1 KELANG Container Terminal, to be listed on the Kuala Lumpur bourse next month, will spend MS 10 million in 1994 to develop a 10-hectare site Shipping Times 1
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  • MARKET SUMMARY
    • 29 1 WALL STREET stocks yesterday opened lower, as expected, after US durable goods orders for September proved weaker than expected. The Dow was off nine points to 3,226.
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    • 44 1 LONDON share market was down yesterday, disappointed by the results of a repurchase arrangement at unchanged rates by the Bundesbank. At noon, the Footsie index of 100 leading shares was down by 19.2 points or by 0.7 per cent at 2,650.6 points.
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    • 36 1 GIANT Nat Steel Ltd of Singapore is close to clinching a deal to sell a second-hand steel rolling mill worth about US$4 million to Vietnamese steel maker Thainguyen Integrated Steel Co Page 3
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 661.35 +1.38 Kuala Lumpur ....633.31 -0.01 Tokyo 17.068.41 -116.85 Hongkong 6,126.98 -91.03 Sydney ..1.418.2 -18.2 Tuesda) Change New York 3.235.73 -8.38 London 2.669.8 -+-8.2
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    • 22 1 Exchange rates USS SS 1.6135 100 Yen SS 1.3225 MS SS 0.6436 Money market rates Overnight 1-1/2% +1/2 3-month 1-15/16% -1/4
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    • 37 1 London Gold AM fix USSS338.20 -US$0.90 Rubber S'porc Nov l43.50Vkg +1.00 M'sia Nov 222 '/kg unch KL Tin Turnover 36tonnes -18 Spot MS 14.24/kg +0.05 Crude palm oil Turnover 809 lots -228 Nov MS902 /tonne -1
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  • 84 1 15EH5 Trends ISSUE No 26 of Trends, a publication of the Institute of Southeast Asian Studies, appears with today's BT. This month's Trends is a bumper issue that focuses on nine topics: Singapore: written word versus visual culture An assertive China? Get serious! Political issues behind
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  • 563 1  -  Indonesian officials fear price war with Thailand By I Loh Hui Yin, Hong Lee Tiam SINGAPORE Hoteliers in the key tourist destinations in Asean, already upset by sharp discounting in Thailand, can expect fiercer price cuts in the new year when more
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  • 430 1  -  By Lilian Ang SINGAPORE Hongkongbased LET Pacific is spending about $400 million on three property projects one each in Singapore, Malaysia and Indonesia to cash in on the rapid growth in the region. The projects, all retail-cum-ofTice developments in prime locations, mark
    Picture by Arthur Lee  -  430 words
  • 451 1 Move right now is more realistic than going global SINGAPORE It would be more realistic for Singapore companies to focus within the region than to globalise and try and carve a niche in Europe or the US, Trade and Industry Minister Lee
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  • 157 1 SINGAPORE A revival of political jitters about Hongkong's future sent share prices there lower yesterday. The Hang Seng Index lost 91.03 points to 6,126.98, shedding much of the 155.54 points it gained on Tuesday. Brokers attributed the fall to worries about Hongkong's future following
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  • 348 1  -  By Yang Razali Kassim SINGAPORE While China as a future economic power could be a threat to South-east Asia, Indonesia doubts that Beijing sees its interest served in this manner, said Indonesian Foreign Minister Ali Alatas. China's modernisation programme would turn
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  • 117 1 Bernama KUALA LUMPUR The government will no longer approve applications to build high-rise condominiums and office-blocks in the city, with immediate effect. Deputy Minister in the Prime Minister's Department Suleiman Mohamed yesterday said that with the decision. all applications already received for such
    Bernama  -  117 words
  • Page 1 Advertisements
    • 157 1 I Bu rberrys\ Wfr. D C/- Reigns when it pours z XXyXKMXH.XXtfX'XX'XrfXXXXXX.XXXXKX.XX Ad Marketing 16,17 Interbank Forex Rates 27 Sports 15 Aircraft Schedule 29 Jkt/Bkk/Chna Stocks 23 TV Radio 12 Commodities 28 KLSE 21 Unit Trusts 20 Company News 3.4.7 Money Changer Rates 29 Weather 29 Cryptic Crossword 29 Money
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    • 150 1 Asia-Pac nations upgrading tourism infrastructure, Pg 2 New ball game, Pg 10 Butterfly by yojA cR olbfzzote M Model RTTEKFLY, designed by gobeno Lazzaronl. An unique design available in armchair, 2-srat sofa and matching B table*. A real work of art. Never before has there been such a Rossi di
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    • 52 1 NEW IJITRA AR432 Adds an extra 5.7 yards ICC. |I I i TO N A premier line from ROYAL SPORTING HOUSE PTE LTD Asean agrees on need for US presence, Pg2 A vision of peace in S-EA, Pg II Hock Lock Siew: Shakey's has a fighting chance with PSC's help,
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  • PAGE 2 NEWS
    • 519 2  -  SM Lee's visit to South Africa Country can rise to greater heights or fall into chaos, he says From Salil Tripathi in JOHANNESBURG MAGIC WANDS may exist in fairy tales but not in the real world. Senior Minister Lee Kuan Yew carried this
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    • 615 2  -  By Yang Razali Kassim SINGAPORE Ascan states share a common view that the United States should remain in the East Asia and Pacific region, Indonesia's Foreign Minister Ali Alatas says. In an cxclusivc interview with Business Times here yesterday, Mr Alatas
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    • 368 2  -  By Hong Lee Tiam SINGAPORE Several Asia-Pacific countries are spending big bucks upgrading tourism-related infrastructure and selling their attractions overseas. Hongkong, Thailand, Malaysia, South Korea and China Singapore's main rivals for the tourist dollar have announced plans to build new airports or upgrade existing ones
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    • 316 2  -  By Colin Tan SINGAPORE There were fewer bids from contractors to upgrade flats under the demonstration phase of the Housing and Development Board's upgrading programme, but offers for the Telok Blangah. Ang Mo Kio and Lorong Lew Lian tenders remained competitive. Only those for
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    • 65 2 SINGAPORE Foreign Minister Wong Kan Seng will attend the 10th Asean-EC Ministerial Meeting in Manila today and tomorrow, the Foreign Ministry said yesterday. The meeting will review Asean-EC cooperation and set new directions for the development of relations. Issues for discussion include the political and
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  • Page 2 Advertisements
    • 67 2 One more morning HI no probably already know we from may know we have an extra flight every So you now have a jflft» 3 less than five daily flights: On each be able to jHm in-flight whether Jl Class or Economy. on able to v the exceptional space our
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  • COMPANY NEWS 1
    • 424 3  -  Japanese and Korean firms keen to set up plants By Harish Mehta HANOI Giant Nat Steel Lfd of Singapore is close to clittching a deal to sell a secondhand steel rolling mill worth about US$4 million (556.4 million) to a
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    • 231 3 SINGAPORE Silicon key pad manufacturer San Teh Ltd. which had originally earmarked $5 million for making rollers for facsimile machines, has decided to spend most of the money on its keypad business. J San Teh yesterday said it had invested $500,000 to
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    • 574 3  -  THE HOCK LOCK SIEW COLUMN Restaurant's tattered image needs a quick repair By Genevieve Cua SINGAPORE Food distributor Provisions Suppliers Corporation's proposed acquisition of the Shakey's pizchain in Singapore has taken many by surprise. PSC is best known as the franchisor of
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    • 401 3  -  By Lee Han Shih SINGAPORE The chief executive of the firm that controls Cold Storage Holdings zipped into town yesterday, then out again without giving a hint of his company's plans for the listed food (ctailcr. Goodman Fielder Wattie chief executive
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    • 200 3 SINGAPORE Morgan Grenfell Asia was voted top broking house in Singapore and its head of research, Quek Peck Lim, was chosen as the best analyst for the region, according to a poll conducted by a finance magazine, Asia Money Finance. Morgan Grenfell
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    • COMPANY BRIEFS
      • 66 3 SINGAPORE UOL Equity Investments Pte Ltd, a whollyowned subsidiary of United Overseas Land, bought 589,000 more shares at $0.94 apiece in United Industrial Corp (UIC) on Tuesday. Last Friday, it bought 153,000 shares at $0.93 apiece. With the two acquisitions, UOL's stake
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      • 49 3 SINGAPORE Keppel Corporation has bought more shares in rigbuilder Far East Levingston Shipbuilding Ltd (Fels). The purchase of 40,000 Fels shares for $111,367.05 was made on Tuesday and raised Keppel's stake in Fels to 79.73 million shares, or 56.51 per cent of the company.
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      • 62 3 SINGAPORE The Stock Exchange of Singapore has given its in-principle approval for the listing and quotation of Guthrie GTS Limited's rights shares and new transferable subscription rights (TSRs), due 1994. Guthrie has proposed a renounceable rights issue of up to 297.79 new shares of 20
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      • 70 3 SINGAPORE Haw Par Brothers International Ltd's whol-ly-owned subsidiary USE Enterprises Pte Ltd has reached an agreement with Hainan Huitong International Trust and Investment Co Ltd to sell off its entire stake in United Hainan Enterprises (UHE) Pte Ltd. The shares, comprising 510,000 shares
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      • 37 3 KUALA LUMPUR Innovest Bhd, in a statement to the Kuala Lumpur Stock Exchange, said it has appointed Asian International Merchant Bankers Bhd as the financial adviser for its proposed equity and financial restructuring exercise.
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      • 67 3 KUALA LUMPUR Pengkalen Holdings Bhd today announced that its subsidiary, American Global Assurance Co Ltd. incorporated in Bermuda, has transferred all its business operations and undertakings to its wholly-owned subsidiary. Central Reinsurance Ltd. In a statement to the Kuala Lumpur Stock Exchange here, it said CRL,
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    • 442 4 Investors welcome moves to cut back ventures Reuter HONGKONG Hutchison Whampoa has not completely cleared the air about plans for its global telecommunications business but Hongkong investors are welcoming moves to scale back the costly ventures, sending its share price soaring. Hutchison, a diversified
      Reuter  -  442 words
    • 344 4 UPI LOS ANGELES Mitsubishi Corp, in the latest move by foreign companies to invest in the US movie industry, plans to spend US$26 million (5541.6 million) for the Japanese television rights to part of Orion Pictures Corp's film library, it was reported earlier
      UPI  -  344 words
    • 173 4 Reuter AUCKLAND Investors in New Zealand's Fletcher Challenge (FCL), far from calling for blood at having the value of their shares halved in just four months, rounded off yesterday's annual meeting by applauding the board. FCL, the world's biggest methanol producer and second biggest
      Reuter  -  173 words
    • COMPANY BRIEFS
      • 58 4 SYDNEY Steel products, piping and communications group Tubemakers of Australia Ltd said it plans offshore expansion, particularly in Asia. "We have our sights on Asia and now have interests in eight different ventures in five countries, from which we intend to develop our Asian
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      • 65 4 HAZIRA Reliance Industries Ltd, India's diversified petrochemicals and textiles producer, sees sales turnover tripling within four years, as new capacity comes onstream. Company officials said exports would grow to a target level of 10 to 15 per cent of sales over the next four
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      • 68 4 HONGKONG A Hongkong government-appointed inspector has been given permission to extend his examination of the shuffling of assets and other dealings by one of the 10 companies caught up in the Allied Group investigation. The inspector said he will now examine the affairs of Paragon
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      • 54 4 ADELAIDE Poseidon Gold Ltd said its consolidated net profit rose to A 521.6 million (5524.8 million) in the first quarter to Sep 30, from AsB.2 million a year earlier. "The excellent results are significantly above budget and reflect the strong operating preformance of PosGold's operations during
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    • 216 4 Bloomberg SYDNEY Arnotts Ltd. Australia's leading cracker maker, has fired another broadside against the unsolicited takeover bid by Campbell Soup Co. claiming the US food company has made misleading statements about its intentions. Arnotts rejected Campbell claims that it has supplied Arnotts with new
      Bloomberg  -  216 words
    • 349 7 AP TOKYO After years of listless sales in Japan, US computer makers are powering up their efforts and directly challenging Japanese computer companies on their home turf. ;Until recently, American computer companies generally priced their models to match the notoriously expensive Japanese
      AP  -  349 words
    • 299 7 NYT NEW YORK RJR Nabisco Holdings Corp reported a sharp 48 per cent increase on Tuesday in third-quarter net income, helped in large part by strong foreign food and tobacco sales. The consumer products giant, whose brands include Camel and Winston cigarettes, Oreo
      NYT  -  299 words
    • COMPANY BRIEFS
      • 69 7 OSLO US tobacco and food giant Philip Morris said on Tuesday that nearly all shareholders in Scandinavian chocolate maker Freia Marabou A/S had accepted its US$l.5 billion (552.4 billion) takeover bid. Freia, with 5,500 employees, is tlie biggest chocolate, sugar confectionery and
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      • 101 7 LONDON Employee pension funds in the late Robert Maxwell's media empire appeared to have been used as a dumping ground for inferior assets owned by his private companies, a British parliamentary committee learnt on Tuesday. Only two of the 20 properties owned by the pension finds
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      • 99 7 CHICAGO Lee BStern Co, the trading and clearing house that processed a barrage of suspicious Treasury futures trades that briefly rocked bond markets around the world last Thursday, was cleared on Tuesday by the Chicago Board of Trade to resume trading The board also lifted its
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      • 78 7 PITTSBURGH USX-US Steel Group posted a third-quar-ter loss of US$7 million on Tuesday and said the poor earnings results were due largely to start-up costs of a new slab caster for its Mon Valley Works near Pittsburgh. The results equal to a loss of 13
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      • 82 7 tfEW YORK Bristol-Myers Squibb, the world's third biggest pharmaceuticals company, is selling its Drackett household product business for US$l.l5 billion in cash to SC Johnson and Son, a privately-held consumer products company. Bristol-Myers announced in July it intended to sell Drackett in a move to
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      • 67 7 STAMFORD, Connecticut Xerox Corp said on Tuesday its earnings rose 11 per cent in the third quarter, thanks to strong sales of document processors. The company said it earned US$l35 million, equal to US$l.lB a share, compared with US$l2l million, or US$l.O6 a share, in the
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    • 287 7 Reuter NEW YORK Panasonic Co launched its first digital compact cassette player on Tuesday, getting an early start on what promises to be a noisy battle among electronics companies next year. The new machine, priced at about US$l,OOO (S$ 1,600) and marketed under the Technics label,
      Reuter  -  287 words
    • 261 7 AFP KUWAIT CITY Kuwait has ordered an investigation into apparent huge losses on its multi-billion-dollar Spanish investment portfolio after an inquiry charged that investment laws had'been broken. Kuwaiti Finance Minister Nasser al-Rudhan said on Tuesday the Attorney-Gen-eral would lead an investigation to identify
      AFP  -  261 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 999 4 THE ASAHI BANK, LTD. (INCORPORATED IN JAPAN) (Formerly The Kyowa Saitama Bank, Ltd.) NON-CONSOLIDATED BALANCE SHEETS NON-CONSOLIDATED STATEMENTS OF INCOME Km at March 31, 1992 and 1991 Tears ended March 31, 1992 and 1991 Million* of yen Millions of yen 1992 1991 1991 1992 1 991 1991 Kyowa Saitama Kyowa
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  • Page 5 Advertisements
    • 544 5 Building i A World Class Energy Business |WR|r*i British Gas, the largest private integrated gas company in the world, jT[» > •IF officially opens a regional office in Singapore today. O •••'< 1 J4JB \sC l Jm J t (K U 1 "With the setting up of our r —''"V
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  • Page 6 Advertisements
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  • Page 7 Advertisements
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  • FINANCIAL NEWS
    • 345 8 IHT LONDON Globalisation of the banking and securities markets has seen its day, with the trend now being towards an ever greater re-emphasis on local markets. That was the message conveyed by a series of speakers at the opening, on Tuesday, of the
      IHT  -  345 words
    • 370 8  -  Pricing to take place today By Dawn Tan SINGAPORE The Asian Development Bank has launched its second Dragon bond issue, after a delay caused by unsettled conditions in the US dollar bond markets ahead of the American presidential election. The ADB launched the US$3OO
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    • 309 8  -  By Teh Hooi Ling SINGAPORE DBS Bank is tipped to be the co-lead manager with Daiwa Singapore for Sumitomo Electric Industries' 10 billion yen floating-rate note issue. The issue, to be launched next month, will be the first yen-denominated
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    • 177 8 Reuter NEW YORK Citicorp expects to continue to cut costs in 1993, though less drastically than in 1992, chief executive officer John Reed told investors at a conference given by Donaldson, Lufkin Jenrette. Mr Reed said more, unspecified, layoffs will be involved. He
      Reuter  -  177 words
    • SMALL CHANGE
      • 43 8 SYDNEY The Australian Securities Commission said ilis investigating the capital adequacy of about 40 investnfienl institutions, including several of Australia's largest funds? which were among the 150 sub-underwriters of the recejiQy failed AS 1.2 billion Westpac Bank rights issue. 1
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      • 54 8 TOKYO Mitsubishi Bank Ltd will soon unveil a ,l awaited draft framework of a joint unit to be set up by banfo to buy bad debts and real estate held by financial institutfdWS as collateral against bad loans, Federation of Bankers tion of Japan chairman
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      • 50 8 BEIRUT A Beirut foreign exchange dealer, with piles-of Lebanese pounds in front of him, trading US dollars forlocad currency. Appointment of billionaire Rafik al-Hariri as Rrigk Minister has driven up the value of the pound and prompted a rush by optimistic Lebanese to unload their dollars.
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      • 64 8 LONDON Reinsurance will become scarcer and primaey insurers will have to concentrate on underwriting for cover the costs of protection they buy, a senior official of t&£ Lloyd's of London insurance market predicted. Lloyd's deputy chairman Richard Hazell said that primary insurers should cut back on their
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  • Page 8 Advertisements
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    • 60 8 BALANCE STOCKS from SUNDAY'S CARPET SALE. Come View/buy at Singapore Conference Hall, Shenton Way. Iranian Indo, Pakistani Rugs and Runners. You will laugh at the low low prices. You win this time. AVAILABLE ON 28th 29th October only. 10.00 a.m. to 6.00 p.m. DOMINION S ftucnoNMat. jppammms *oorr» mi rn
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  • THE REGION/THE WORLD
    • 420 9 Fears that action to stimulate economy may be delayed AP TOKYO Japan's governing party failed to resolve a fierce power struggle yesterday, raising fears that crucial actions to stimulate the sagging economy may be delayed in the new session of Parliament. Members of the
      AP  -  420 words
    • 352 9 Reuter COPENHAGEN Denmark has unveiled a "national compromise" plan to reverse its people's rejection of the Maastricht Treaty, saying it wanted to opt out from the aim of a joint European currency and defence. The carefully-phrased proposal, released on Tuesday, also expressed reservations
      Reuter  -  352 words
    • 456 9 Reuter GENEVA Major trading nations, including Japan and the. European Community, have expressed concern over US investigations into the alleged dumping of steel by 21 foreign nations. Gatt sources said that it the first time that the case has been brought before
      Reuter  -  456 words
    • 224 9 AFP MANILA A four-year programme aimed at upholding intellectual property rights will be drawn up by the United Nations Development Programme (UNDP) for the Asia-Pacific region this December, an official said yesterday. UNDP deputy chief Benjamin Brown said the programme will be carried out
      AFP  -  224 words
    • 195 9 Analysts do not see dent in Clinton's lead Reuter WASHINGTON Independent presidential candidate Ross Perot will lose next Tuesday's election without making a dent in Bill Ginton's critical state-by-state lead over President George Bush, say political analysts. "If it were a closer race, then Mr
      Reuter  -  195 words
    • 249 9 AFP SYDNEY The number of Chinese students trying to bypass immigration procedures to stay here has forced Australia to close its door to many trying to gain entry next year, the government announced yesterday. Stringent new criteria will reduce the number of visas
      AFP  -  249 words
    • 228 9 Reuter BONN German liberal leader Otto Lambsdorff, whose Free Democratic party is in coalition with Chancellor Helmut Kohl's Christian Democrats, said yesterday Germany was already in recession. He also said his party would not agree under any circumstances to increases in taxes before 1995.
      Reuter  -  228 words
    • NOTE BOOK
      • 104 9 MOSCOW Russia can afford to repay only a fraction of its US$5O billion (5580.7 billion) foreign debt in 1992 and 1993, a government official said on Tuesday, appealing for creditors to understand the country's dire economic situation. Russia will make only US$2
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      • 81 9 BEIJING A Beijing court has ordered a publisher who pirated Maoist hit tunes to pay damages to the heirs of the composer in one of China's first copyright cases, an official newspaper said yesterday. The family of Li Jiefu, late composer of "The East is
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      • 89 9 WASHINGTON Japan will resume economic aid to Vietnam after the Nov 3 US presidential election, further weakening the US embargo against the communist nation, The Washington Post reported yesterday. An unnamed US official told the daily that Japan could announce its decision on Nov 6
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      • 86 9 IPOH Former Dewan Rakyat Deputy Speaker D P Vijandran was yesterday charged in the Sessions Court here with making a false statement in a judicial proceeding related to allegations that he acted in an alleged pornographic video tape. Vijandran, 49, also former MIC secretary-general, was charged with
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      • 39 9 GUANGZHOU A Chinese woman inside the "MTSO mini car" which is on display for the first time at the Guangzhiu Trade Fair. The futuristic car is made by China's Qiong Gang Qinqi Motorcycle Factory.
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      • 75 9 PHNOM PENH Cambodia's imports of foreign goods doubled during the first nine months of the year while exports shrank, compared with the same period last year, the official SPK news agency said. Two-way trade was worth US$567 million (Ss9ls million) in the first nine months of 1992,
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  • Page 9 Advertisements
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  • 471 10 EDITORIAL A "COLD SHOWER" was how Apple Computer chairman John Sculley described what the 1990s so far has been like for personal computer (PC) makers. That imagery can be extended to the information technology (IT) industry in general. Even IBM, that Big Blue icon
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  • WHAT THE OTHERS SAY
    • 281 10 THE case of Mr Ramachandran Suppiah, who made legal history here by being the first to escape death row after being acquitted by a second Court of Appeal, must have caused some unease among Singaporeans. It must be emphasised, however, that this is an unfortunate isolated
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    • 98 10 THE lack of follow-up action is the main problem of the Islamic missionary movement in Singapore. This is clearly seen in the recent seminar held at the Islamic Centre. It was no different than the first seminar held almost seven years ago. It is crucial for the Islamic
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    • 115 10 EMPEROR Akihito's visit to South-east Asia and China is a major turnaround but it avoids the important and dwells on the trivial, making cursory mention of Japan's invasion of Asia. For instance, during his recent visit to Beijing, Emperor Akihito said Japan inflicted "great sufferings" on the
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  • REGIONAL VIEWPOINTS
    • 188 10 WHAT is remarkably consistent about the sluggish and unending talks in the Uruguay Round of the General Agreement on Tariffs and Trade (Gatt) is the rhythmic ways the talks surge up and down like a yo-yo. It is the economic powers of Europe and the
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    • 188 10 WHILE the Budget is an annual plan, it undoubtedly also takes into account the medium- and long-term plans for the country. In this respect, projects and objectives of the Sixth Malaysia Plan and the country's plans to reach developed nation status by the year 2020 will have
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    • 129 10 JUDGING from the strong determination shown by economic ministers to patch up differences, we are more confident that Afta is now back on the right runway towards its take-off despite the many operational details that have yet to be ironed out within the next few weeks. The
      129 words
  • 773 10  -  The Hongkong stock exchange is no longer the same bourse that was closed for four days during the crash in 1987. Alex Lam reports Alex Lam Reuter FIVE years on and a string of drastic reforms later, the Hongkong bourse is a
    Reuter; Source: TeleTrac  -  773 words
  • Page 10 Advertisements
    • 26 10 i j'i J Jl\ i IT'S REIGNING CATS AND DOGS (and 1001 other things) in The Straits Times Classified jVU A L L \H w 1737-1166
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    • 92 10 jr t vK^y&sagflgml n de h 1 hv^ have is you didn't discover it sooner! 1 The menu features specialties from India, Indonesia, Vietnam, Thailand, Malaysia and Singapore, all prepared by master chefs of countries. And the charming and informal setting makes Spice Express ideal for a business or casual
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  • Page 10 Miscellaneous

  • ANALYSIS
    • 791 11  -  US software company Microsoft is enjoying record revenues as its competitors languish. John Markoff reports John Markoff NYT MICROSOFT, America's largest software publisher, has been on a roll recently. In the past 12 months, its stock has shot up 50 per cent, making William
      NYT  -  791 words
    • 2295 11  -  Ali Alatas, the Indonesian Minister for Foreign Affairs, talked about the Emerging Security Environment in East Asia and the Pacific in his address to the National University of Singapore Society. We reproduce below I extracts of the speech Ali Alatas, "T* E ARE at
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  • Page 11 Advertisements
    • 302 11 GIVE HOUR EKE THE EXECUTIVE m Wk Diminished vMorry lines leading to fine lines the look jW W Diminished tired baggy eyes I the onset of ,w turrcMed Ei stress lines Renewed m openporee JHK|£ and Mackheade J|| mtm. y-Tia.,. *dog(/KM f Diminished Removed the double chrt look That look
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  • Page 12 Advertisements
    • 911 12 Nothing Beats A Bud-where to wine, dine M L Halloween Night y.- M) &M K tol)er fe I" f T- > .|)rt lip <is ihnst. (iiil)llll I' J j Will h and fiijnv a waivrr first |S drink h.iri»«v M.ikc it .i frii^htfnilv rni<Kfl Ii niijlit v\itli ii-> H«' tlx
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  • Page 12 Miscellaneous
    • 650 12 TELEVISION AND RADIO D« n 7 SBCI2 F SZU BUSINESS ON RAPO 1)1 /I I lt~ I I It" ICI V 7.25 PM Opening followed by la- and ski al r d s## w,rri < Ca BBC, 88.9 mfta in VHF Bind II L/A VVAAIV IVA J pan Business Today.
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  • LIFESTYLE
    • 1292 13  -  Suzanna Andrews looks at Hollywood's double standard when it comes to male and female nudity Suzanna Andrews NYT IN THE MOVIE Innocent Blood, a female vampire, trying to stay cold in the night, strips off her clothes and stands completely naked. When her male counterpart gets too
      NYT  -  1,292 words
    • 458 13  -  Bernard Holland discusses the Pavarotti caper Bernard Holland NYT THE BBC, by all reports, is not happy with Luciano Pavarotti. The British broadcasters bought the rights to a Sep 27 concert in Modena, Italy, and discovered that the Italian tenor had silently moved
      NYT  -  458 words
    • 667 13 CHATTERBOX BRITAIN'S royal family, rocked this year by a succession of marital upsets, will suffer further indignity in a television satire looking at the monarchy through the eyes of its servants. The Granada television company said on Tuesday it planned to screen the
      667 words
  • Page 13 Advertisements
    • 265 13 AND ENTERTAIN A Pasta Parade! I There's more to pasta than meets the eye. Savour pasta in a multitude of ways. Every Thursday Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00++ II ANA HOTEL r^ n r *»,.+maa SINCAPORE 732-1222 extension 1700 u I
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  • FOCUS
    • 707 14  -  Clyde H Farnsworth discusses the implications of the referendum Clyde H Farnsworth NYT Toronto The failure of Canadian leaders to persuade voters to accept their constitutional reform plan has left the country still groping for a solution to its most longstanding problem: reconciling French-speaking Quebec
      NYT  -  707 words
  • Page 14 Advertisements
    • 424 14 HMft. WlI I I fl II II 4 IV II II II I V V Hi I I^^H I Do they work harder? Or just work smarter? ITFS also underscores your company's commitment i| 1 Because when all things are equal, nothing to developing international business. An essential f S
      424 words

  • SPORTS
    • 362 15 Dutch Open Reuter AMSTERDAM Jansher Khan confirmed his status as world number one with an emphatic 15-12 15-10 15-13 victory over second ranked Chris Dittmar of Australia in > the final of the Dutch Open championship on Wearing the kit and using rackets which had
      Reuter  -  362 words
    • 359 15 AP STOCKHOLM Stefan Edberg overcame a second- set lapse to defeat rising ten- nis star Andrei Medvedev 6-1, 7-6 (7-1) in the Stock- holm Open on Tuesday. The US Open champion, ranked second in the world •and seeded No 2 in the US$l.3
      AP  -  359 words
    • 838 15 If all goes well, Floyd Patterson could become the first former world champion to train a heavyweight world champion Reuter THIRTY years ago, Floyd Patterson lost his undisputed world heavyweight boxing title for the second and last time. He donned the false beard
      Reuter  -  838 words
    • 576 15 Reuter LONDON Ali Bacher, man of vision, has brought South African Test cricket to the threshold of a fascinating new era in the republic. Bacher, who almost singlehandedly guided the sport in his country through its international boycott, sees the culmination of
      Reuter  -  576 words
    • SIDE LINES
      • 97 15 JERUSALEM China's Shangyan Cai won the first Jerusalem Marathon by almost 20 minute% on Tuesday, as hundreds of runners trotted past the city's ancient and holy sites and snarled traffic for hours. The 30-year-old Chinese runner covered the hilly course in a time of two
        97 words
      • 115 15 NAPLES Napoli has again asked Fifa to block Diego Maradona's transfer to Sevilla until a row over the transfer payments for the former Argentine captain is settled. Napoli president Corrado Ferlaino insisted that guarantees on a US$4.5 million payment to be paid over two years have
        115 words
      • 90 15 PERTH The West Indies cricket side arrived in Australia early yesterday and immediately pledged to work towards a tour free of the acrimony which soured Australia's Caribbean visit last year. "I don't see any reason why we cannot be friends, even on the field," team captain Richie
        90 words
      • 189 15 PINEHURST, North Carolina Pro golfs major, seasonlong awards are still out there; more of them, in fact, than there used to be. They're still eagerly sought to fill the trophy cases of the game's leading players. "You're trying to accumulate as many of those little feathers
        189 words
  • Page 15 Advertisements
    • 388 15 So You Want A Yes, we are talking about a golf AT PAN "WEST dub, the difficult driver. WHh its We have, perhaps, the widest Oy degrees loft, to the metal cf>oice drivers, and if you heads, from the Boron shaft, to want a brand or a weight that the
      388 words

  • ADVERTISING & MARKETING 1
    • 582 16  -  Quality leather goods made in Singapore are attracting buyers from Europe to China. Suzanne Soh finds out more from some successful exhibitors at a recent trade fair in Hongkong Suzanne Soh Suzanne Soh. a freelance writer, contributed this article to Business Times. Recessionhit buyers are turning
      582 words
    • 264 16  -  By Hong Lee Tiam ANY CAR can run on unleaded fuel, claims the oil company Caltex. And to back its claim, the firm has guaranteed to pay the cost of repairing any older vehicle that is damaged by the use of Caltex Techron lead-free petrol.
      264 words
    • 351 16  -  By Chuang Peck Ming THE SINGAPORE edition of the French top-selling women's magazine, Marie Claire, aims to take a $3 million slice out of the local advertisement market every year. Stanley Tan of Magazines Inc, who holds the licence to publish
      351 words
    • COPY LINES
      • 113 16 SINGAPORE Lloyd Martin Creative Consultancy Pte Ltd, tired of being mistaken for a consultancy firm, has changed its name to Lloyd Martin Advertising Design Direct. Lloyd Martin, formed by advertising veteran Stuart Lloyd and Peter Martin, entered the local market in May 1990
        113 words
      • 75 16 SINGAPORE Courts Singapore Ltd, the furniture retail chain, is using a television commercial to woo support for its public share offering. The TV ad, using Jim Reeves' Welcome to Our World as a theme, is aimed at attracting smal| investors, said Albert Ephick, managing director
        75 words
      • 59 16 SINGAPORE Shangri-La's Rasa Sentosa Resort, which will open in March next year, has teamed up with LaSalle International Fashion School to design uniforms for almost 80 per cent of its 465 staff members. The colourful uniforms set to reflect the resort's casual image will be designed
        59 words
      • 62 16 SINGAPORE Ketchum Public Relations worldwide haa.j expanded its international base into Asia by purchasing a£! equity stake in Prap Japan Inc, the fourth largest publicrelations firm in Japan. Prap, with headquarters in Tokyo,has annual income of US$5 million (SsB million) and a staff" strength of 80.
        62 words
      • 103 16 NEW YORK In the not-too-distant future, commercial* may disappear from television and radio as audiences tuiflE out seductive ads and seek product information from indflj pendent sources. That prediction, contested by many in the» advertising industry, is made by James H Snider, an experT on the
        103 words
      • 62 16 NEW YORK Revlon is talking with agencies about assigning its US$5O million (SsBo million) irternational account, according to the trade magazine Advertising Age. It said among the agencies which has met with the company are Bozell and CME KHBB. a member of the Saatchi Saatchi group.
        62 words
    • 679 17  -  Schutz Lee previews British Airways' new television commercial and ad campaign which is all about smiles Schutz Lee THREE years after British Airways put a face to its global business, the airline now seeks to bring a smile to the world as well. BA
      679 words
  • Page 16 Advertisements
    • 86 16 RIGHT HERE WAITING nHnHH k Wherever you flk Omni always a warm, j If ij experience. Because i H perfectly mm *1 a for the Centre to type an mm».- ""ft- anything else. That's why so many guests IN SINGAPORE Omni d Marco Polo Hotel IN HONG KONG Omni I®The
      86 words
    • 284 16 BUSINESS TIMES Toll-free Tel No: 737-0043 Fax No; 734 3688 WING TAI HOLDINGS LIMITED (Incorporated in (he Republic of Singapore) ANNOUNCEMENT RIGHTS ISSUE (THE "RIGHTS ISSUE*') OF 48,400,187 NEW ORDINARY SHARES OF $0.25 EACH (THE "RIGHTS SHARES") AT $1.05 PER RIGHTS SHARE PAYABLE IN FULL ON ACCEPTANCE OR APPLICATION AND
      284 words

  • Page 17 Advertisements
    • 241 17 Our latest model reflects THE 1 8 5 6 STATE OF THE ART. Handmade since ism iviaiv Mint ftAMCfVtf MIBICO CUT I GOLD///PFEIL a J f Q < 0 m I M Vaflr Tomorrow's airline didn't happen overnight. Hln the last six years we have We specify that our won
      241 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3617 18  -  By Quak Hiang Whai PROFIT-TAKERS emerged yesterday and took the steam out of the Singapore market's short-lived rally. After three days of strong gains, the benchmark Straits Times Industrials Index finished only 0.97 point higher at 1,391.88. It had crossed the key 1.400 resistance level in
      3,617 words
    • Article, Illustration
      81 18  -  By Paul Leo HOTEL PROPERTIES' recent rally from $1.61 to its recent high of $1.89 is set for a correction. Daily and weekly stochastics are near 100, which indicates an overbought situation. However, weekly and daily RSI do not indicate an overbought situation yet. Resistance is at $1.95
      SOURCE: BRIDGE INFO  -  81 words
  • Page 18 Advertisements
    • 57 18 r CALL MILANO'S HOT DELIVERY HOTLINE NOW! j 468-2222 i I for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of 10.00 $3.00 surcharge for delivery after 11.00 pm. i JffILANO
      57 words


  • 3274 20 Tasek Cement 262 +12 +4.8% Shell 432 +10 +2 4% M Banking 640 5 0.8% Magnum Corp 50" 625 +5 +0.8% Sungei Way 292 +5 +1.7% Dunlop Est 396 +4 1.0% NST 324 +4 +1.2% Stme Darby 50" 306 4 +1.3% Uniphone Tel 342 +4
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  • Page 20 Advertisements
    • 744 20 BUSINESS T LJd_JL_S_ Toll free Tel No 737 0043 Fax No; 734 3608 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I KHOK CHA PU of BLK 248JURONG EAST STREET 24 *08-58 Singapore 2260, have applied for a RETAIL LIQUOR SHOP licence in respect of premises at KIM SOON MEDICAL
      744 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5503 21 Bernama SHARE PRICES in Kuala Lumpur ended easier yesterday as investors sold to take profits from the sharp rises over the past two weeks. The KLSE Composite Index at the close dropped 0.01 of a point to 633.31, the Industrial Index 4.83
      Bernama  -  5,503 words

  • BT SHARE INFORMATION SERVICE
    • 183 22 Company Data Yaar Group Hat Nat earnings Gross mr to profit/loss P«r shara dividaod (•000) (cants) E« Yan Sang Oct 27 Jun 92 J844(J459) 94W(5.1W) 1(1) FAI Ins Oct 27 )un 92 J49.381L(J143.905l) SeaVtew Oct 27 Jun 92 J7.769(J6.377) 358(25 5) 10(8) Beriaya Group Oct 16 Apr 92
      183 words
    • 93 22 Company Oat# Year Group Nat Net earning* Gross ann to profit/loss par share dividend ('000) (cants) SBS Oct 27 Jun 92 53.536(52.572) 13 8(101) 10(7) RMCA Re Oct 16 J«n 92 J82.2671 ($56.2161) -<-> Tongkah Oct 12 tan 92 MJ4.870l(MJ2.479l) -(-> Amal Steel Sep 30 Jun 92 MJ87.487(MS78.054)
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    • 186 22 Company 0*f Holf-yoar CrwftM M n to profit/k»» dividona (•000) LRU Oct 27 Jul 92 J2,519(53,105) Metroptex Oct 27 iut 92 MJ12,220(M$9.073) Nikko Sec Oct 27 Sep 92 612cL(25,865c) -(17 S1A Oct 27 Sep 92 $419,200(5530.100) 15(15) Land General Oct 20 Jun 92 M*18.826(M$46.514) 3(5) Uniphone Tel Oct
      186 words
    • 898 22 Currant Ex Books Date Total far Total fer paymont data doso payaM* tho yoar last yoar Bedford 50c 1% No* 2 No* 16 Dec 7 2% BMT $10 100% No* 12 No* 24 No* 26 140 9% 150% -liMlnlri 1*(D Oct 6 Oct 16 No* 2 1% ImM
      898 words
    • 387 22 26 Hong Leong Industries Bhd is aiming to diversify into cement manufacturing to broaden its earnings base while also strengthening its core ceramics and motorcycle divisions. Traditional herbal medicine seller, Eu Yan Sang Hokfings Ltdplans to expand its wholesale distribution business to East Malaysia and Brunei. Oct 25
      387 words
    • 410 22 Company Rights Issue MAS One-tor-one M$5 00 per share Ex date Sep 7 Books dose Sep 21 Acceptance Payment Nov 2 OC8C One tor hve fe {3 00 per local share One tor tore fe 14 19 per share Ex-date Oct 8 Books dose: Oct 20 Acceptance Payment
      410 words
    • 193 22 Nanyang Press Bhd: 35th AGM at the Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Tun HS Lee. ***** Kuala Lumpur, on Friday, October 30, at 11.15 am Chuxi Hup tfdgs Ltd: 22nd AGM at 322 Jalan Ahmad Ibrahim. Singapore 2262, on Friday. October 30, at 2.00pm
      193 words
    • 237 22 Conversion Special Trig Scriptess Conversion deadline Period Trading Company starts (IDP) (ST) starts Bon vests Nov 9 Dec 3 Nov 23 Dec 3 Dec 4 Cerebos Oct 16 Nov 12 Nov 2 Nov 12 Nov 13 Chemical lnd Nov 9 Dec 3 Nov 23 Dec 3 Dec 4
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    • 361 22 In local curr In S$ In USS dy yr dy yr dy yr Oct 27 Index chge chge chg* chge chgt- chgt World 381.2 0.4 -6.6 0.0 -8.6 0.2 -8.6 $EAFE 446.4 0.5 -11.1 0.0 -13.8 0.2 -13.7 Europe... 410.6 0.0 -0.2 -0.4 -8.2 -0.2
      361 words
  • 611 22 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve as
    CHARTS BY BRIDGE  -  611 words

  • CHINA STOCK EXCHANGES
    • 422 23 CLSA AFTER two days of hectic sell-offs, the Shanghai A shares recovered yesterday on emergence of buying interest. The index jumped 172.19 points to close at 3,076.88. The Shanghai Municipal Government has openly expressed deep concern over the recent weakness
      CLSA  -  422 words
  • JAKARTA STOCK EXCHANGE
    • 962 23 SHARES ON the Jakarta stock exchange closed mixed yesterday, with both foreign and local investors actively buying industry shares, brokers said. The Composite Index dropped 2.37 points at 305.88. "It's still far from exciting, but there is some decent foreign buying
      962 words
  • STOCK EXCHANGE OF THAILAND
    • 2061 23 Reuter MOST STOCKS traded higher yesterday afternoon, led by small, speculative stocks, while only a few major banks were active, brokers said. The SET Index rose 9.43 points to close at 917.89 on turnover of 10.39 billion baht. Advances led declines 160
      Reuter; Source: Bridge Info  -  2,061 words
  • Page 23 Advertisements
    • 179 23 i YOUR VERY OWN HASSLE-FREE BKTRO^WWS-aiWNO^Via! mm If news and other pertinent information on companies listed on the Stock Exchange And for subscription fee of onl, $250 per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe to this
      179 words
    • 0 23 )'!-);==(!}-++),%`*<'/(=/&>!*])
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  • TOKYO STOCK EXCHANGE
    • 2599 24 STOCKS IN TOKYO ended lower on futures-linked selling yesterday. Brokers said trade was dull and direetionless and a limited number of incentive-backed issues remained in focus, with most investors staying on the sidelines amid a flood of corporate earnings announcements. "Although people know that most
      2,599 words
  • STOCK EXCHANGE OF HONGKONG
    • 2484 24 Reuter SHARE PRICES in Hongkong slid in afternoon trading yesterday on rumours about a statement Governor Chris Patten is due to make after the market closes. The Hang Seng Index tumbled 91.03 points to finish at 6,126.98. All Ordinaries Index ended at 3,244.71, down
      Reuter  -  2,484 words
  • Page 24 Advertisements

  • AUSTRALIAN STOCK EXCHANGE
    • 2064 25 Reuter AUSTRALIAN stocks finished sharply lower yesterday as concerns about a falling Australian dollar and news of Victoria's Budget blow-out spooked nervous investors. Early morning losses were triggered by a number of key stocks going ex-dividend and the falling dollar. The positive effect of
      Reuter; Source: Bridge Info  -  2,064 words
  • REGIONAL STOCK MARKETS
    • Bombay stocks plunge as investors liquidate
      • 298 25 THE NEW ZEALAND share market completed another dull session yesterday little altered and traders expect similar trading for the remainder of the week. The NZSE-40 closed down 2.66 points at 1,380.78 after NZ$l9 million of shares were traded. Market leader Fletcher Challenge eased three cents to NZ$l.73 to
        298 words
      • 492 25 LATE TECHNICAL buying pulled Taiwan share prices up to end higher across the board in sluggish trade yesterday, brokers said. The Weighted Index, which was down 25 points in early trade, finished 22.93 points higher at 3,670.90. Turnover was NT$7.B billion against Tuesday's NT$6 billion. Brokers said sentiment remained
        492 words
      • 541 25 LAST MINUTE bargain-hunting yesterday drove up Manila stock prices for the second straight day and raised hopes for renewed confidence in a market hurt by power blackouts, brokers said. The Manila Composite Index closed 9.21 points higher to 1,331.35. "Prices have strengthened on bar-gain-hunting," one broker said. "Investors are
        541 words
      • 834 25 INSTITUTIONAL buying yesterday pushed the stock market to a slightly firmer close in active trading after fluctuating in a wide range, brokers said. They said the market lost ground on rumours the government was investigating whether units of Daewoo had subsidised the group chairman's political aspirations. Government officials immediately
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      • 84 25 BROKERS said stock prices in Bombay were expected to chart losses over the next few days as investors liquidate holdings to raise cash for a plethora of rights issues hitting the market soon. The BSE Index yesterday dropped 110.51 points to 2,876.70 and the National Index lost 39.99 at
        84 words
      • 54 25 INDICES TURNOVER Close Previous Oct 28 NEW ZEALAND NZSE-40 C apital 1.380.78 1.383.44 -2.66 MANILA Composite Index 1.331.35 1.322.14 9.21 Turnover (mil pesos) 221 348 -127 TAIPEI Weighted Price Index 3.670 90 3.647.97 +22.93 Turnover (NTS billion) 7.8 6.0 1.8 SEOUL C omposite Stock Index 585.34 584.10 1.24 Turnover (billion
        54 words
  • Page 25 Advertisements

  • WORLD STOCK MARKETS
    • Good economic figures fail to boost Dow
      • Article, Illustration
        1114 26 PRICES ON Wall Street closed lower on Tuesday after a see-saw session, de- spite better-than-expected news on US J Economic growth for the third quarter. y The Dow Jones Index of 30 leading '-industrials closed 8.38 points lower at •3,235.73. The New York Stock Exchange Composite Index inched
        1,114 words
      • Article, Illustration
        800 26 LONDON STOCKS made a timid advance on Tuesday during an up-and-down session, as the Bank of England clearly indicated that no quick cut in interest rates is planned. That indica- tion put paid to the enthusiasm apparent in mid-session. There was an /insistent rumour in the morning that Chancellor
        800 words
      • 290 26 THE FRANKFURT stock market lost a little ground on Tuesday, as the DAX Spot Trend Index finished the day at 1,533.77 points, down 0.6 per cent by comparison with the Monday close. The Commerzbank indicator shed 0.1 per cent to end at 1,705.40. An analyst said the start of
        290 words
      • 349 26 DUTCH SHARES crept to a firmer close on Tuesday, reversing early losses in tandem with London stocks and on the back of an uptick in the dollar after strong economic data. The EOE Index finished 0.75 points up at 279.16. A stable bond market also lent support, one trader
        349 words
      • 200 26 EXPECTATIONS that German rates will fall kept the Paris bourse above water on Tuesday. The CAC-40 Index ended 3.74 points higher at 1,774.48 on volume of 2.13 billion francs, much of which was futures related. Dealers said that anti-inflation remarks by key Bundesbank members on Monday had not greatly
        200 words
      • 192 26 ITALIAN SHARES closed mixed on Tuesday after recovering from early lows in moderate volume, but trade was marred by technical problems on the screen-based market, where 35 shares are traded. The MIB All-Share Index eased 0.24 per cent to 827. Bourse regulator Consob suspended state food group SME for
        192 words
      • 296 26 SWISS SHARES ended a slow Tuesday session little changed. Dealers said the market consolidated in the absence of major new factors. Hopes for lower interest rates supported basic sentiment, but there were no immediate factors to lift prices, they said. The broad SPI Index eased 1.6 points to 1,159.9
        296 words
      • 184 26 SHARES MANAGED to end Tuesday's trading slightly higher in moderate trade, encouraged by an easing off of credit market yields from earlier in the day. The All-Share Index edged up 0.21 per cent to 723.53 in moderate turnover of 402 million kroner. The Top-16 Index closed the day 0.41
        184 words
      • 414 26 SOUTH AFRICAN shares eased in sluggish Tuesday trade on the back of a weaker gold price pulling the Overall Index down 26 points to 3,007. The Gold Index lost 35 to 822. The Industrial Index shed eight to 3,995. The falling bullion price below US$34O an ounce on Middle
        414 words
      • 276 26 TORONTO STOCKS closed stronger, discounting the collapse of Canada's constitutional accord and focusing on drops in Canadian prime lending rates and strength in the country's credit and currency markets. Traders said they expect further advances Wednesday. The TSE-300 Index was up 10.5 points to 3,286.4 on volume of 38.2
        276 words
      • 258 26 BELGIAN SHARES closed 0.43 per cent lower on profit-taking and losses among interest rate-sensitive shares as dealers said hopes of a new cut in German interest rates had diminished. The Bel-20 Index of Belgian shares closed 4.84 points down at 1,129.96, with a modest 809 million francs of shares
        258 words
      • 117 26 Oct 27 Close Preiious NEW YORK Dow Jones 3.235.73 3.***** 8.38 S&F 500 418.49 418.16 +0.33 Turnover (million) 201.73 188.12 +13.61 LONDON Financial Times 30 1.978.5 1.976.2 +2.3 KTSE 100 2.669.8 2.661.6 +8.2 Turnover (million) 549.5 452.4 +97.1 FRANKFURT DAX Index 1.533.77 1.542.49 -8.72 AMSTERDAM EOE Index 279.16 278.41 +0.75
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  • Page 26 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1186 27 REPORTS THE US dollar crept up from early lows at a rather quiet European midsession yesterday but showed no sign of escaping its recent 1.52-1.55 mark range. Traders said buying from one large Swiss fund aided the recovery but whispers
      1,186 words
    • 354 27 Reuter FRANKFURT Germany's three-year-old futures and options exchange is reviewing its product range and may introduce some new contracts at the expense of its least successful products. In an interview, Deutsche Terminboerse (DTB) chief executive Joerg Franke said the exchange was consulting user banks
      Reuter  -  354 words
    • 1478 27 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/Int Dec 92 96 41 96.44 96.40 96.40 7500 38% ***** Mar 93 96.38- 96.42 96.36 96.39 ***** 7580 ***** 96.36 Jun 93 95.92 95.95 95.92 95.92 6150 4229 ***** Sep 93 95.45 95.50 95.45 95.46 3000 1250 4281
      1,478 words
    • 397 27 Cross rates o^ 28 USS SS MS Dm Yen SFr AS NZS USS 1.6165 2.5060 1.5270 122.00 0.6337 1.3580 1.4164 1.8709 S$ 0.6186 1.5503 0.9446 75.4717 0.3920 0.8401 0.8762 1.1574 MS 0.3990 0.65 0.6093 48.6832 0.2529 0.5419 0.5652 0.7466 Dm 0.6549 1.0586 1.6411 79.90 0.4150 0.8893 0.9276
      397 words
    • 596 27 Interbank rates SS Bid Offer Overnight 1 1/2 1 3/4 1-month 1 3/4 I 7/8 2-month 1 7/8 2 j 3-month I 15/16 2 1/16 Overnight mode: 1-3/4 LSS Bid Offer 7 days 3 1/4 3 3/8 1 month 3 1/4 3 3/8 2 months 3 1/4 3
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  • COMMODITIES
    • 374 28 Reuter DUBAI The thriving gold trade in Dubai is expected to hit a record high this year with an increase of 60 per cent in the volume of imports and exports, a senior official of the World Gold Council said. "I forecast
      Reuter  -  374 words
    • 277 28 Reuter BRISBANE Australia may export refined white sugar for the first time, with at least an annual 200,000 tonnes being exported in the next few years, allowing it to capture a share of the fastgrowing Asian market. Queensland Sugar Corp chief executive
      Reuter  -  277 words
    • 739 28 REPORTS THE PRICE of tin rebounded to close five sen higher at MS 14.24 per kg on the Kuala Lumpur Tin Market yesterday on some technical correction after the recent losses. Dealers said the slight uptrend was also attributed to renewed buying
      739 words
  • 1580 28 Rubber RAS Commodity Exchange (futures dosing as at 1pm) RAS (physical prices) I RSS 1 Contract (S ccnts/kg) Buyers Sellers T As at 12 noon <s ccntvkg) i Qosc Volume Open I Month High Low Sett (tonnes) Interest rss 2 Nov 92 140.50 I4I.50N I Nov 92 143.00 143.00
    1,580 words
  • Page 28 Advertisements
    • 891 28 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 LIQUOR LICENCE NOTICE NOTIOi IS HEREBY GIVEN dial, I Lira Liang Ohye of Blk 355 Clementi Avenue 2, #06-265, Singapore 0512, have applied for a Beer House, First Class licence in respect of premises at M/s Red lantern
      891 words

  • 1187 29 LtliilD-LUlMMilllli City Flight ETA Flight ETO I City Flight ETA Flight ETD m rZTIZ iqqr ncoo oncn SQ105 1050 SQ106 1045 V MH642 1255 SQ108 1145 SQ228 2040 SO 107 1305 MH641 1315 Amman RJ183 0005 SQ109 1405 MH610 1415 0610 KL838 0040 MKS09 14|5 SQUO
    1,187 words
  • THE TRAVEL PAGE
    • 764 29  -  POSTCARD FROM QUEENSTOWN By Angela Wigglesworth THAT, said Peter, our guide, pointing to the roof of a hut high up in the mountain ahead of us, is where we will have lunch. It seemed unlikely, but Peter was confident. We had set out early one
      764 words
    • 152 29 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.136 1.146 Canadian dollar 1.296 1.396 NZ dollar 0.8540 0.8740 Sterling pound 2.5360 2.5460 US dollar ***** 1.6190 Local dollars to 100 units of foreign currency Austrian schilling 14.85
      152 words
    • 107 29 Duration Title Venue Organiser Tel Duration Title Venue Onjanjser Td 7" Dec 26- Valencia Valencia. Feria Muestrano *****6.11.00 Nov 26-29 20th Antiques Geneva Orgexpo u„//v»uiw Jan 3 International Spain Internacional Fair ua w3 Trade Fair De Valencia Nov 26- Dakar Dakar. Centre Interna- 221/*****. 7 l0 Autosports
      107 words
  • Page 29 Advertisements
    • 45 29 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. We Know Europe from Mart to Fmniiti.
      45 words
    • 7 29 Advertising Marketing in Business Times every Thursday
      7 words
    • 365 29 BUSINESS Toll free Tel No: 737 0Q43 Fax No: 734 3698 I I I OVERSEA-CHINESE BANKING CORPORATION LIMITED I I (Incorporated with limited liability In the Republic of Singapore) I ANNOUNCEMENT I I RIGHTS ISSUE OF 119,422,851 NEW ORDINARY SHARES OF $1.00 EACH I I ("RIGHTS SHARES") AT THE PRICE
      365 words
  • Page 29 Miscellaneous
    • 264 29 Harmful to be tired the mind (11) 9 European clear in this j Olympic event (4-5) —liM--12 Eccentric sort takes two 1 L_i—J—— Head keeps medal everyday set of clothes (6) *3"I 15 Light design of castle 18 Vera on US trip is insatiable 19 Keen to find some garden
      264 words
    • 169 29 Singapore Outlook: Showers over several areas in the pre-dawn hours and early morning. Report: Maximum temperature 30.1 Assoc humidity 70% Minimum temperature 23.0 Assoc humidity 97% Hours of sunshine 0.85 Rainfall in mm 14.2 Rainfall this month 201.8 Rainy days this month 16 World report Asia-Pacific Hi/Lo* Cond. Auckland 16/12
      169 words
    • 20 29 •iLUiJF'WiWISra 1 TiiaT l"m SUING THIS Fi(?m For <4to fegr ir? merfTw-cKuear... -wis w owet#»r flfj 1 ASSOCIATED MEwVAKftSiTO. mi-mi
      20 words

  • 446 30  -  From Catherine Ong in HONGKONG IN AN unusual diplomatic move, Britain yesterday released confidential exchanges to refute China's claim of a secret deal over Hongkong's 1995 election. Seven messages between British and Chinese officials in early 1990 were made public
    446 words
  • 429 30 Officials backtrack on earlier announcement Reuter BRUSSELS The European Community, rowing back on an announcement that talks were imminent between EC and US farm chiefs to try to unblock world trade negotiations, said yesterday that no face-to-face meetings were yet scheduled.
    Reuter  -  429 words
  • 507 30 Reuter LONDON World oil prices are in retreat, down by more than a dollar a barrel in less than a week, on evidence of excess crude supply ahead of the northern winter. The precipitate decline yesterday led a worried Organisation of Petroleum
    Reuter  -  507 words
  • 339 30 AFP BANGKOK The authorities in southern Thailand began evacuating people to safety yesterday as tropical storm' Angela again intensified into a full tropical typhoon as it nearcd the nation's eastern coast. About 400 tourists on the resort island of Samui were stranded temporarily
    AFP  -  339 words
  • 787 30  -  The Bottom Line SN VASUKI SN VASUKI The writer is a BT correspondent CALL IT wishful thinking or plain prophecy, but Harry Truman's stunning "come from behind" 1948 election victory over his favoured rival has been a major source of inspiration for US
    787 words
  • 413 30 Thousands of Koreans sold property, abandoned families, quit schools and jobs, deserted militaty posts AP SEOUL Police were on nationwide alert yesterday to guard against a violent backlash at doomsday churches whose followers believe the end of the world will
    AP  -  413 words
  • Page 30 Advertisements
    • 220 30 Every Saturday in Business Times One Day Seminar Stock Market Betas Portfolio Risk Strategies applied ina Bull, Bear or Stagnant Market WHO SHOULD ATTEND: Fund Managers Stockbrokers Research Analysts Private Investors This is a lively workshop designed in an easy-to-learn format. STOCK BETA, a vital instrument in portfolio risk management,
      220 words
    • 42 30 Every Saturday in Business Times 1 HflßSjEx^i DRISTAN Fast, effective, asprin-free relief of colds/flu, sinusitis and hay fever including nasal congestion, sneezing, running nose, fever. Available at all leading pharmacies, headache, minor aches and pains. Sole Distributor SIUTIITIit CO (S) Pt6 Ltd
      42 words

  • ISEAS Trends
    • 1694 31  -  Russell Heng examines the challenges facing Vietnam, while Tilak Doshi looks at the Indochlnese state's potential By Russell Heng The writer, who is a Fellow at the Institute, also included views gathered during his visit to Vietnam in August this year. SIX YEARS after the
      1,694 words
    • 1119 31  -  By Tliak Doshi VIETNAM has made a decisive break from decades of war, central planning and recurrent economic crises under a dedicated Marxism-Leninism which made the country one of the poorest in Asia, with an estimated per capita GDP of US$2OO (SS32O). Its
      1,119 words
    • 198 31 THE Institute of Southeast Asian Studies* Indochina Unit, formed at the end of last year, had its first Roundtable conference earlier this month looking at issues of political economy in Vietnam. As part of the Unit's activities, three Vietnamese have been awarded fellowships at the Institute and
      198 words
    • 1680 32  - S'pore: written word visual culture Janadas Devan analyses the apparent clash Janadas Devan The writer is a literary scholar. The second part of this article, on how language and literature might be taught in a non-linguistic culture, will appear in a future issue o/Trends. NOTHING prompts more intense passions than
      1,680 words
    • 1104 32  -  M Yaacob looks at the implications of a new and fashionable form of tourism M Yaacob The writer is a Fellow of the Institute of Southeast Asian Studies. IN RECENT years, as consumer in- i terest in the environment has < grown, a range of
      1,104 words
    • 1084 33  -  Paul J Davidson suggests a methodology to oil the wheels of regional co-operation Paul J Davidson The writer is a Research Fellow at the Institute of Southeast Asian Studies and concurrently Associate Professor in the Department of Law, Carleton University, Canada. THE trend in
      1,084 words
    • CONTEMPORARY SOUTHEAST ASIA
      • 183 33 INTO its fourteenth year of publication, Contemporary Southeast Asia is the leading international journal of its kind that focuses on the fields of domestic politics, international relations, and defence and security as they relate to Southeast Asia. Published four times a year
        183 words
      • 86 33 THE December 1992 edition of Contemporary Southeast Asia will be a special focus issue on Indochina. Subjects to be covered will include: Foreign investment in Vietnam Vietnam's political and economic reforms; Vietnam: development and conditions for success; Economic reconstruction in Cambodia; Thailand and Indochina.
        86 words
    • 704 33  -  Lu Ning argues that contrary to popular perception, Beijing is not responsible for tension in the South China Sea Lu Ning Lu Ning is a Research Fellow at the Institute of Southeast Asian Studies AND they (meaning the People's Liberation Army are authorised to use
      704 words
    • 934 33  -  Sergei Goncharenko zeroes in on the changing ties between Moscow and Taipei Sergei Goncharenko Dr Sergei Goncharenko is a Senior Adviser and Research Fellow at a Moscow-based research institute. SEPTEMBER 1992 saw the creation of the Co-ordinat-ing Committee on economic and cultural co-operation between Russia
      934 words
    • 1425 34  -  Myint Zan examines the international community's attempts at bringing to book war criminals and others who have committed genocide Myint Zan Myint Zan is a Lecturer in the Faculty of Law at the University of Malaya, 1 Kuala Lumpur THE recent UN Security Council resolution
      1,425 words
    • 903 34  -  By Wendy Dobson Dr Wendy Dobson is an Adjunct Pro fessor in the Faculty of Management at the University of Toronto, Canada. A MAJOR transformation is underway in the world economy. The recent surge of direct investment flows is linking economies ever closer together, as firms
      903 words
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  • Page 32 Advertisements
    • 207 32 Trends A monthly putoticatoun ofthelmtuu* of Southeast Asian Studies l «ha PMbHcaßoß Sfj Editors-in-chief S. Rajaratnam K. S. Sandhu Editor Derek da Cunha international Advisory Committee Jose V. Abueva (Philippines) Stephen FitzGerald (Australia) Han Sung-Joo (Korea) Tommy T. B. Koh (Singapore) Mochtar Kusuma-Atmadja (Indonesia) Seiji Naya (USA) Kazuo Nukazawa (Japan)
      207 words


  • Page 34 Advertisements
    • 302 34 THE WINNING"™"" IN-DEPTH Ijipg BUSINESS MkJ For over two decades Singapore Business has covered I I lW 70 the local and regional business scenes with more depth and H Xlyj A breadth from a perspective which is more relevant to local X i Tf VJ businessmen than any other publication.
      302 words

  • Shipping Times
    • 572 35  -  By Rahita Elias SINGAPORE Kelang Container Terminal (KCT), to be listed on the Kuala Lumpur bourse next month, will in 1994 spend some Mslo million (556.4 million) to develop a 10-hectare site. More immediately, the company plans to launch a programme for
      572 words
    • 236 35 AP MOSCOW The Russian navy rescued all of the estimated 290 people aboard a fishing ship that had been swamped by a storm in the Black Sea, and then towed the vessel to the port of Sochi on Tuesday, media reports
      AP  -  236 words
    • 856 35 Page Col ABC Containcrline 12 1 Accord Group 8 1-3 •APL 5 3-5 Alpha Feeders 6 I •ANL 3 1/2 Asia Cont Lines 14 5 •ASCL 5 5 Avia Airways 9 3 Bait Orient Line 7 4/5 Bangladesh Shpg 9 4 Bank Line.
      856 words
    • 486 35 Reuter AMSTERDAM This week's collapse in oil barge freight rates on the river Rhine is unlikely to prompt a surge in German gas oil demand. Traders and shippers say that German consumer heating oil stocks are comfortable and only lower gas
      Reuter  -  486 words
    • 354 35 Reuter TOKYO A Japanese ship with a hazardous plutonium cargo will leave France for Japan "probably around Nov 11". Kyodo news agency reported yesterday, quoting an official of the International Atomic Energy Agency (lAEA). The official told Kyodo the Vienna-based lAEA had
      Reuter  -  354 words
    • LOG BOOK
      • 89 36 HAMBURG German customs police seized a Panamani-an-registered freighter loading potash in the port of Hamburg on Tuesday because of suspicions it was owned by Serbians violating a UN trade embargo. Peter Bender, a senior customs official, said prosecutors were investigating the Radnik to
        89 words
      • 43 36 BEVERLY HILLS, California Litton Industries Inc said the US Navy awarded its lngalls Shipbuilding division a US$3O.3 million (5548.5 million) contract option. The award is to continue providing planning yard service support to the Navy's CG-47 class Aegis cruisers.
        43 words
      • 41 36 MELBOURNE Harris Corp said it received a US$lBO million (Ss2BB million) contract from the US Navy Space and Naval Warfare Systems Command to provide high-fre-quency radio-communication systems for surface ships. The contract is for six years.
        41 words
      • 39 36 LONDON The Hongkong flag container vessel Hibiscus has refloated under its own power after grounding 40km from Inchon, South Korea, Lloyd's Shipping Intelligence Service said. The 17,056 dwt vessel is returning to Inchon for inspection.
        39 words
      • 69 36 BRUSSELS Train services across several EC countries were disrupted on Tuesday as rail unions staged the first Europe-wide strike to protest pressure for privatisation of some railway activities. Unions called an hour-long walkout ending at noon but trains in France were hit several hours earlier.
        69 words
      • 75 36 KAMPALA, Uganda British Airways (BA) has resumed flight operations to and from Uganda's Entebbe international airport after a 16-year lapse, BA officials announced. They said the inaugural flight left here on Tuesday for London carrying 43 passengers and 500 tonnes of cargo, mainly fruits and vegetables.
        75 words
      • 57 36 LONDON The tug Baltic Rescuer is believed to have"abandoned" the Moroccan-flagged refrigerated vessel lmilchil at Shama Beach, near Takoradi, according to Lloyd's Intelligence. The 7,563-gross tonnage lmilchil was last reported towed to Coco Solo on Aug 26, 1990 with water in the engine-room and was then
        57 words
    • 843 36  -  Japan, like other nations in Asia and Europe, is displeased with the strong position of American airlines, and is seeking to revise its air accord with the US, reports Steven Brull Steven Brull NYT US AIRLINES, whose strong position in transatlantic routes has already upset
      NYT  -  843 words
    • 828 36 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
      828 words
    • 9580 44 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
      9,580 words
    • 3453 49 Container line NV: Belsin Shpg |Kj Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). I Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte
      3,453 words
    • 261 49 Abacus Couriers Tel 545-8011. Fax: *****98. Air Express I ravel Tel: 533-5771. Fax: *****44 Airborne Freight C orporation Tel: 542-8844 Fax: *****16. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster link Supplies
      261 words
    • 1552 49 Abex Express Freight Fre Tel: 542-7171. Fax: *****84 Tel Actinic Forwarder Tel: 225-1833. Fax: *****42. Fre Activair Singapore lelI el Tel: 542-7821 Fax: *****20. Fre Aerolink Freight International I*j Tel: 545-8033. Fax: *****05. Aerospeed -r> Tel: 542-5911. Fax: *****18. Fn Air Cargo Novo Express T Tel: 542-5454. Fax:
      1,552 words
    • 3388 50 ALBANIA Dunes: Six vessels in port of which 1 discharging milk powder, 1 bulk wheat. 1 fertiliser. I loading coal. 1 1 milk powder. I ferrochorome. < < ARGENTINA No report available. i I AUSTRALIA Queensland-Abbot Point: Coal: 2 vessels due by 8 Oct; 1 day delay expected.
      3,388 words
    • 557 50 ARRIVALS DEPARTURES Op night lype LTA I From Op Flight l>pc LID I To TODAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 1 BKK SI A SQ8"»7 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV 794 B747F 1845 1
      557 words
    • 176 50 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Pep Name of Vessel ETA ETD Forts of Calls Port Agent Telephone No OCTOBER 28 30 Auroral 0600 1200 World Cruise Barwil Agencies 225-2577 REGIONAL FERRIES Port of Call Name of Vessel Agent telephone No Batam Talvas II Indo Falcon Shipping *****78 Sekupang (Batam)
      176 words
    • 923 50 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Baron: 144,800 dwt and built October 1980 Hitachi; inspcctable Seven Islands prompt ets Oct 21; therafter Philippines Dcc 8. Try offering in the region of USS 18.0 m, ideas closer to USs2o.om with 3 option 1 option 1 year (try 5
      923 words
    • SHIPS IN PORT
      • 607 51 Vessel Voy No Birth Aim* Dep*fcie Vessel Voy No Berth km* Pepartue Jurong Port Vietrans 1 04/92 P04 alongside 2810/1730 D Atalanta T J7 alongside 2910/1500 Abad Jaya 11/92 P04 2910/1830 3010/2300 Biskra 2CNA92 18/9 alongside 2910/1500 BotakL ****** P01A 2810/1000 28.10/1500 Eng Tou 8 J1 alongside
        607 words
      • 124 51 Johore Port Penang Port Berth; 1: nil; 2: Harmony Stove; 3: ml; 4: Di Ryu Gang; 5: h the roads: Valetta, Irwin Pioneer, Penbunker, Dassan, Eng Areti; 6: ml. Huat Hock, Cerusa, Pernas Sekoi, Hock Huat, Talana, 01 jetty: Antares. Esmalia, Warn Tenteram, Pernas Suasa, Admiral, Kyo Maru
        124 words
      • 1577 51 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Sty Voy Wo Contanm abatable Sty Voy Ho Containtn avafaMe Cape Ray IB 27.10.92 0740 Nordhght NL201S COO(EST) 28.10.92 1500 D Sentosa 90N 27.10.92 0800 Thana Bhum 03ST COO(EST) 28.10.92 1500 Kota Makmur 197 27.10.92 0800 Call Pegasus 08 COO(EST) 28.10.92
        1,577 words
    • 477 52 THE DRY cargo freight market received a further boost on Tuesday from a six-point rise in the Baltic Freight Index (BF1) to 1.107, brokers said. This week's SS&Y Atlantic capesize index showed its first increase in four weeks, by 62 points to 2,518, "perhaps the fiist hint of
      477 words
    • 743 52 Nov 3-5: PetroTech 92, jointly organised by Petamgas Maritime Services and RAI, will be held at tlie RAI International Exhibition Centre, Amsterdam. For details a od registration forms, please contact Petamgas at tel: 223-6118 or fax: 223-9929. Nov 3-5: Holland Offshore 92, jointly organised by Petamgas Maritime Services
      743 words
    • 405 54 Negotiations complicated by bids to link them with USAir-BA deal AP WASHINGTON Negotiators for the United States and Britain resumed talks on Tuesday aimed at easing restrictions on passenger and cargo flights to and in each country. The third round of
      AP  -  405 words
    • 385 54 AP DETROIT Toyota and other automakers violated voluntary Japanese export limits and the US government did nothing to stop it, costing thousands of American jobs, a Michigan congressman charged on Monday. US Rep John Dingell had been investigating allegations against Toyota
      AP  -  385 words
    • 210 54 AP DETROIT General Motors Corp and the United Auto Workers are studying the possibility of adding new work at a body plant in Lansing, the automaker said on Tuesday. The increased production at Lansing assumes major concessions from the union, a growing
      AP  -  210 words
    • 400 54 NYT LOS ANGELES McDonnell Douglas Corp reported a loss of US$l5 million (Ss24 million) for the third quarter of 1992, a result of a US$269 million charge the company took to cover the costs of strengthening the wings of its C-17 transport plane that were
      NYT  -  400 words
    • 169 54 AFP HOUSTON, Texas Three major US airlines have lowered their prices on tickets to Europe in an effort to stimulate the traditionally slow winter travel season. American Airlines and Delta Air said on Tuesday they would match the fare cut to Europe announced on Monday
      AFP  -  169 words
    • 503 54 Most patients at Phnom Penh hospitals are traffic victims AP PHNOM PENH, Cambodia The cars and motorcycles once banned by the Khmer Rouge as bourgeois have returned to Phnom Penh with a vengeance, roaring madly down the pot holed streets. The once-serene, treelined boulevards are now
      AP  -  503 words
  • Page 35 Advertisements
    • 41 35 US airlines meet head winds, Page 2 US, Britain resume talks on easing air route curbs, Back Page Lines and tervlceo represented Members el the Registry el Accredited (s|f#Sw! Singapore National SMp- x&jjyjJJ For advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
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    • 108 35 THE FAMOUS Gmm ■!Mlllg|Ji 224 1833 For more information pleane refer to Pg. 13 1 j; f i; j y;. 1 V-, P i tV, 1 SOIME 1 O FO U R BRING THEM HOME. A paper subscribed by Singaporeans abroad. And by foreign professionals too. The local pool is
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    • 81 36 Stones on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms and the people
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  • Page 37 Advertisements
    • 2027 37 ipyiug iiuics, inursuav uciuorr 69 M| OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES %t|lf# *****11 FAX: *****09 All fir BOOKINGS TEL: *****34 *****58 »Illlf 7R TERMINAL/CFS TEL: *****18 220 ***** H PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. LVflflf J PORT KELANG TEL: *****18 FAX: *****91 *****88 r. t o PENANG
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    • 1054 37 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT UNITED ARAB SHIPPING CO fSAGJj jjM VSI/VOV St NYC BAI ORf SAV tMin 7/11 IS/U 11/12 12/U M/U SMTO ROSA M IVII »/U &J}} K UMMW tl 1/12 *2} m umm m wu
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    • 1180 37 iUimkUISIM :kly direct call to nagoya EALAND EXPRESS V.XB2E ETA SIN 2/11/92 ETA NAGOYA 12/11/92 Voy ETA ETO Feeder by I Sea Lark/Aries DESTINATIONS •fit Meets* 9206 m|B I QO MRS BBH HiH HHI HHHH HHHI I 359 MRS JOH LPK PEN OAK LGB MOU MEM ATL MIA CHS BAL
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    • 1277 38 roam/ HMPMi" i VOY NO S PORE JEOOAH S'HAMTON H'BURQ ANT II lIHI'H KAMAKURA 25/143 29/10 14/11 17/11 15/11 tjUtISBBbP, j KAQA 26/343 31/10 10/11 18/11 21/11 22/11 25/11 IWgEWifIWW TOKIO EXPRESS 09/144 5/11 21/11 24/11 22/11 KMMjQIIUWWWIf I LEVERKUSEN EXPRESS 09/344 7/11 17/11 25/11 28/11 29/11 2/12 kUNiLIBi XI
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    • 471 38 FCL Bfeakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea t Vietnam Mongolia Hungary CSFR t Poland ocTSTrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Vessel ITA SM VILLE DE SIRIUS 31/10 VILLE DE VENUS
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  • Page 39 Advertisements
    • 1918 39 am W STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 accepts cargo w* sahs STRAIIS STAR VI6E KK. Sfc»n. Taw 29 Oct 30 Oct 30 Oct STRAITS VENTURE V26E khura. lab 29-31 Oct 31 Oct 01 Nov SINGAPORE PHNOM PENH *AJAH
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    • 2085 39 m SINGAPORE AGENT: flO P&O Containers (Singapore Agencies) Pte Ltd l"YYI I I 1 fICTS 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel: 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT 'jjff??! LUIM as 1 S5 I3S! ifS sf» 1"°. Sjj »?i
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  • Page 40 Advertisements
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  • Page 41 Advertisements
    • 1553 41 ACE: 'NEPTUNE ALEXANDRITE 01W ETA SGP 3VIO/92 II H J|| ETA LEH 16/11/92, FLXI7/11/92, II H II RDM 19/TI/92, RRV 20/TI/92 II ri TQ pjtfW USA INLAND POINTS I 70 CALIFORNIA ■L* GULF IHLAMD POiMTS ATLANTIC VIA MLB J U FEEDER VSL VOY SGP MOTHER VSL VOY SET PLD MM/
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    • 1178 41 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKINGS: BAIT 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 EASTBOUND—OtSCHMOHC EESTBOUND-lOADWC TRAHSHFPED ROTTERDAM WT
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  • Page 42 Advertisements
    • 1481 42 H- V AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W V TEL *****77 TELEX KAWAJQ R*****5 FAX: *****07/^9 M. MALAYSIA: IC~ UNE MAIVTME (MALAYSIA) SON BHD i MLJ JL MmJ TELSASSO24OO PK*****01/5 PENANG632O2O J*****01 KAWASAKI KISENKAISHA, LTD INDONESIA: P.T. SARANA LAUT WTERNUSA TEL J<T *****76, *****77,*****08 Ampom
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  • Page 43 Advertisements
    • 1088 43 teasgPff_ PACIFIC INTERNATIONAL LINES (PTE) LTD irnmmmmmm M MIHV 140 Cecil Street. #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E i JAKARTA —J I 111 I VISSKL VOY WN JKT OIN |!"MUQQ( SM 10/10 1/11 0/11 KOTA INOAH 441 1/11 4/11 0/11 q KOZINTOCV 42N 00/10 1/11 0/11
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  • Page 46 Advertisements
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  • Page 47 Advertisements
    • 599 47 |i|)iug i lilies, inursuoj v/tiuuri w yj£ FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 1/11 ROTTERDAM 1/TI HAIFA/ASHDOD/ALEXANDRIA VTI HAMBURG/BREMEN 1/TI MARSEILLE/FRANCE l/TI FELIXSTOWE/UK 1/11 BARCELONA/SPAIN Vfl LEHAVRE/ANTWERP 1/TI GENOA/ITALY "L/TI GOTHENBURG/SCANDINAVIA 1/TI LOS ANGELES/WC/IPI 1/TI SYDNEY/MELBOURNE 7/TI NEW YORK/EC
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    • 693 47 P^^^wSlFltLrMARIN^CtNCIt^S^T^^D Si TEL: *****33 (12 Line*) l=l FAX: *****15/*****03 |KH| TELEX: RS ***** RISHIP (3 Lines) ]W\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivor ETA LOAOtNO FOR SPORE ANWNET 28WB mPI OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABBAY WONZ 34W8 07/12 OARESSALAAM MOMBASA. DJOOUTI ASSAB.
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    • 810 47 JAKARTAi mb mi KITI BHUM 028 toPt 02/11 IARU BHUM 4RN Fri 30/10 Iton 02/11 BENIA BHUM SOS 31/10 04/11 NANTA BHUM 113N SI 31/10 W«d 04/11 NANA BjgM 165S 03/U VWA BHUM* 24N Won 02/11 Ttoi 05/11 KIT! WW 0» 05/11 10/U PITA BHUM## 257N Mon 02/11 Thur 05/11
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  • Page 48 Advertisements
    • 1475 48 PH4MAC-NELS GROUPAGE I K~/ IPENANG (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v l V P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 1/11 2/11 3/11 Honf Kong Ldn/Fli/Rdm/Ant 29/10 30/10 31/10 4/11 5/11 6/11 Hong Kong G'burg/Chagen/Shofcn/Oslo
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    • 324 48 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SM PROSPECT 21S 7/11 18/11 20/11 6/12 N Z STAR 0532 17/11 29/11 1/12 17/12 PREMER 21S 30/11 12/12 14/12 30/12 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH, NAPIER,
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    • 1180 48 f THONG SOON LINES PTE. LTD.) 77 ROBINSON ROAD #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I CONVEMTTONAL/COHTAIWER j SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL Ivor |S PORE IPEST VESSEL YOT SPORE P.
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  • Page 51 Advertisements
    • 105 51 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and 1 f relevant book reviews. (y V ENTERPRISE MANAGEMENT, in TX Business Times every Monday, is must f li \T~~I7-y reading for managers who want
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  • Page 52 Advertisements
    • 416 52 1 Such 3 market "for choice jobs, I -fresh evety day! J ANY JOB. ANY CAREER. e Jjl lp 9 AVAILABLE ANY DAY. ANY t,me Anywhere. The Straits Times The Sunday Times Business Times llj&\ I «||i||n> /< \v \1 The New Paper Lianme Zaobao lianme Wanbao If I I
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    • 308 52 i. cosco UKC COWVEWTWWAL SERVICE VESSEL PKL PNG P.O. LOAONO FOP: A VESSEL 28/10 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNO P.O. LOADING FOR. A VESSEL 15/10 20/10 Huangpo/Ouanflzhou COSCO FULL CONTAINER SERVICES (FCL/FCU EXPORT TO: CWNA/BANQKOK/HONQKONQ EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN QULF/KARACM P I«ase refer above
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    • 275 52 EHSB CONTAINER LINE L si j FAR EAST WEEKLY ,'C V CONSOLIDATION HONGKONG JAKARTA PORT KfLANG KEELUNG/KAOSHIUNG MANILA t, rsj S —,Y> BUSAN PENANG/PORTKELANC V K j" IC'ZZ' BANGKOK TOKYO/YOKOHAMA/KOBE n J S j Tel: 538 0155 <<f\ OWENS CONTAINER LINE® PTE LTD V.V 133 New Bridge Road #09-06 Chinatown
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  • Page 52 Miscellaneous
    • 469 52 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 24 2.7 2 7 2.4 2 0 1.5 1.2 10 1.1 1.3 19 2.7 3.1 3.2 29 2.5 18
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  • Page 53 Advertisements
    • 1044 53 J ▲HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS PWA PKE PCD+ S« RTM ANT* LEH* HAM Bttt FEI H. EXPLORER 302W 30/10 30/10 30/10 1/11 20/11 20/11 21/11 £1/11 21/11 24/11 H. CHALLENGER 30 IK 6/11 6/11 6/11 8/11 27/11 27/11 23/11 28/11 21/11 1/12 SI MDEFENDCNCE
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    • 566 53 STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST IN RO-RO HEAVY LIFTS I INBOUND VESSELS I nssu nt v n ue u I MOSTWUI 7 i ■rr M/ii I CIAMPMI TUMI i» 3/11 S/H I cosmk maluku s/n s/n I UK UKM V l/ll I USTtn NIT l/ll »/H I TIMS MTO
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    • 930 53 OUR USA IF***. p I*l lIM. LAI 00C MAI IML |M/ IKM \WK SERVICE CALLS GMW Mai IB) u/u MIKAIOi MSCOODt 11*735 MM/11 22/11 U/U IS/11 li/U TV 11 77/11 It/11 B/ll SINGAPORE Um 1A27 li/IT AUJGATQi W >JC» 11 12/11 21/11 12/12 U/U «/U U/U M/U M/ 12 M/U
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    • 140 53 BINTAM MAS SHIPPING PTE. LTD. 39 POL ROAD SMGAPORE 0208 TEL: *****U TLX: R*****5 SMMER FAX: *****64 accepts ports of CARGO STORE OESTWATIOR MERCURT JME *1* *t-30 Od Mora. labuar HftANG BELAH V23E 20-30 Oct 30-31 Od BM*. Mr! KMaR KOCURT fCARL *2IE 31-02 Not oj-04 Not Muara. labuan BMTAR6
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  • Page 54 Advertisements
    • 64 54 Every Saturday in Business Times g i —-i The Executive Housekeeper -this hctel J O ivwv I wants is me. But I'll never rieglec-fe L. -iJniS house> baby Any Job. Any Career. Available Any Day. Any Time, anywhere. The straits Times The Sunday times Business Times The new Paper LIANHE
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    • 55 54 nam > M.V. "JULIE PACIFIC* VOY4 Arrived 19th October 1992 Consignees of all damaged cargoes ex the captioned vessels is hereby notified that a general survey will be held on the 30th October 1992 *****200 hours at PTIO. No further survey will be entertained thereafter. Aa Agent*: "K" Una KMiai
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    • 76 54 Every Saturday in Business Times FOR SALE 1 Unit of Container forklift model Hyster 250H Engine Type Beikins Capacity 6 ton Age 12 years Container 3 high with 20* 40" spreader Gross weight 15,200 kgs Price $40,000.00 Steel Bin racks Size 54" x 64" x 54" Suitable for storage of
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