The Business Times, 5 November 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, November 5, 1992 15*
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  • NEWS SUMMARY
    • 60 1 JAKARTA Indonesia's trade surplus for 1992's first eight months widened by 58.5 per cent from the same period last year, reaching U553.29 billion (555.3 billion). Information Minister Harmoko said yesterday. He said inflation was 0.41 per cent in October, bringing the
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    • 52 1 MOSCOW The Russian Parliament yesterday ratified the Strategic Arms Reduction Talks (Start) treaty, signed in July 1991. The treaty requires Moscow and Washington to reduce the number of strategic nuclear missiles to 1,600, and the number of nuclear warheads to 6,000 for each side within
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    • 36 1 AMERICA raised the stakes on Tuesday night in difficult trade negotiations with the European Community, threatening sanctions against EC imports after the talks hit an impasse over a key farm issue Page 2
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    • 32 1 CHINA, rather than Mexico, was likely to divert Japanese investments away from Asean, senior officials of Nomura Research Institute told Deputy Prime Minister Lee Hsien Loong yesterday Page 3
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    • 30 1 THAI Interior Minister Chavalit Yongchaiyudh is moving to strengthen his country's political system by providing government support for political parties and making party donations tax deductible Page 3
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    • 29 1 THE JAPANESE Cabinet will approve a 45.5-billion-yen (Ss6oo million) loan to Vietnam this week, ending the economic embargo imposed on the communist country since 1978 Page 10
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    • 33 1 FRANCE has delayed an agreement among Nato nations on setting up more formal links between the alliance and the Western European Union, a potential rival to the US-led alliance Page 11
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    • 34 1 NIKE has gone to town with a store concept that combines high-tech gadgetry with environmental design to produce a sort of Disneyland and Hard Rock Cafe of the athletics world Page 17
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  • MARKET SUMMARY
    • 40 1 WALL STREET shares fell early yesterday following Bill Clinton's sweeping election victory, but experts expected a rebound later in the day. The Dow Jones Index of 30 leading industrials fell 6.23 points to 3,246.25 five minutes after opening.
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    • 46 1 LONDON share prices slipped slightly at midday yesterday as domestic worries overshadowed the victory by Democratic candidate Bill Clinton in the US presidential election. At 1230 GMT, the FTSE Index of 100 leading shares was down 3.6 points at 2,702 points in moderate trading.
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    • 36 1 LISTED Scotts Holdings has bought a serviced apartment building in central London for £11.8 million (5529.5 million), joining a growing band of local parties eager for a bite of the London market Page 6
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    • 27 1 FINANCIALLY-troubled Inno-Pacific Holdings Ltd wants to amend the three additional conditions set out by Coopers Lybrand on its repayment schedule to loan stockholders Page 6
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    • 18 1 TWO Thai banks have tapped the region's capital markets for US$43 million (Ss6B million) Page 8
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 676.40 +8.79 Kuala Lumpur ....659.33 +6.26 Tokyo 17.065.20 +211.84 Hongkong 6,325.37 +1-7.93 Sydney 1,431.1 +18.3 Tuesday Change New York 3,252.48 -9.73 London 2,705.6 17.8
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    • 22 1 Exchange rates US$ S$ 1.6240 100 Yen S$ 1.3203 MS S$ 0.6457 Money market rates Overnight 5/8% -1/4 3-month 1-3/4% -1/8
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    • 36 1 London Gold AM fix USSS336.90 -USS1.85 Rubber S'pore Nov 143.00Vkg +0.25 M'sia Nov 222 '/kg unch KL Tin Turnover 50tonnes 19 Spot MS 14.20/kg unch Crude palm oil Turnover l,9541ols +951 Dec MS932 /tonne +10
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  • 547 1 Victory seen as mandate to revive weak US economy Compiled by staff from agency reports WASHINGTON Coming in on the winds of change. Democrat Bill Clinton yesterday won a landslide victory against Republican incumbent George Bush in the US presidential election and a mandate to
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  • 211 1  -  By Genevieve Cua SINGAPORE Regional bourses posted sharp gains yesterday, but analysts here were divided on whether the surge had anything to do with Bill Clinton's victory; Some said the buying surge was triggered by renewed optimism that something will finally be done to lift the US
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  • 413 1  -  By Juliette Walker SINGAPORE Businessmen here are now looking to President-elect Bill Clinton to deliver on his promise to reinvigorate the US economy. The lingering question on their minds is the stand Mr Clinton will take on free trade and most-favoured-nation status
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  • 455 1 Compiled by staff from agency reports SINGAPORE Asian leaders and businessmen yesterday cautiously welcomed Democrat Bill Clinton's landslide victory in the US presidential election, with many saying it was too early to predict the impact on Asia. Malaysian Prime Minister Mahathir Mohamad provided
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  • 180 1 SINGAPORE Prime Minister Goh Chok long said yesterday that he hoped US President-elect Bill Clinton would take a deep and positive interest in East Asia, and see countries in this part of the world as partners, not potential adversaries.
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    • 14 1 Hock Lock Siew: SIA profits should take off again after this year, Pg 6
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    • 104 1 tA RODENSTOCK I Editorial: Clinton for change, Pg 12 More stories on Pg 4 and 5 The Bottom Line, Back Page Hbk I t| fluffs k son Marlei Marketing ft* Ltd Tel: 734 9696 6*92 Boutlquel Centrepoint #01-30 Tel 737 450® J i Paragon Bv Sogo #01-19 Open Daily 10
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  • PAGE 2 NEWS
    • 459 2 Washington threatens sanctions over farm dispute Reuter, NYT, AFP CHICAGO The US raised the stakes on Tuesday night in difficult trade negotiations with the European Community, threatening sanctions against EC imports after the talks hit an impasse over a key farm issue.
      Reuter,; NYT,; AFP  -  459 words
    • 139 2 SINGAPORL Ihe Urban Redevelopment Authority will focus its immediate efforts on preparing Development Guide Plans (DGPs) for Singapore. New URA chief executive officer Khoo Teng Chye gave the answer yesterday in reply to questions from reporters on the new directions he may take.
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    • 382 2  -  Br Anna Teo SINGAPORE The Senior Minister of State for Trade Industry, Lim Boon Heng, left no doubt yesterday about how wages and productivity should be linked. Wages could climb faster than productivity in the short term, but certainly not
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    • SINGAPORE ROUNPUP
      • 149 2 IN yesterday's report headlined "Singapore hopes to attract new wave of Japanese investors", we were wrong when we said that Japan's ambassador to Singapore, Takehiro Togo, was in Japan with the visiting Singapore team led by Deputy Prime Minister Lee Hsien Loong. Mr Togo did not accompany
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      • 18 2 PARLIAMENT will sit on Nov 16, the Clerk of Parliament announced yesterday.
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      • 76 2 SIXTEEN South Korean travel agents will visit Singapore today for five days. The trip has been organised by the Singapore Hotel Association, Singapore Airlines and the Singapore Tourist Board. The visitors will sight-see, inspect hotels and sample local cuisine. A workshop will complete the
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      • 77 2 BARELY two months after cutting the price of petrol by 1.8 cents a litre across the board, four oil companies have jacked it up again. Motorists now have to pay 0.9 cents a litre more at Singapore Petroleum Company, BP, Caltex and
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    • 482 2  -  By Colin Tan SINGAPORE News that Japanese developer Yamasin Enterprise has found tenants for more than 90 per cent of the office space in its Century Tower 21 has cheered the market. Tenants that have signed on the dotted line for
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    • 334 3  -  Mexico less likely to divert Japan investments from Asean. BG Lee told Reports from Chuang Peck Ming in TOKYO CHINA, rather than Mexico, is likely to divert Japanese investments away from Asean, senior officials of Nomura Research Institute told Deputy Prime Minister Lee
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    • 295 3 FOREIGN investments are still important to Singapore even as it urges local companies to invest abroad. Deputy Prime Minister Lee Hsien Loong yesterday told key members of the Keidanren, a powerful business group. Investments by multinational corporations had provided Singaporeans with
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    • 273 3 Reuter BONN Unemployment rose sharply in western Germany in October, reflecting a slowdown in economic growth and cutbacks in the automobile industry. The Federal Labour Office in Nuremberg said yesterday that the adjusted western German jobless figure rose to 1.83 million, or
      Reuter  -  273 words
    • 482 3  -  From Andrew Cooke in BANGKOK INTERIOR Minister Chavalit Yongchaiyudh is moving to strengthen the Thai political system by providing government support for political parties and making party donations tax deductible. He has proposed a series of amendments to the Political Party Act,
      482 words
    • 304 3 Bernama KOTA TINGGI The Johor state government will focus on enhancing relations with foreign companies which have established industries in the state, Menteri Besar Muhyiddin Yassin said yesterday. This strategy was aimed at encouraging the large companies to increase their investments
      Bernama  -  304 words
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  • US PRESIDENTIAL ELECTIONS '92
    • 625 4 Democrats eager to set new course with the new president NYT American voters have given Bill Clinton a mandate for increased government efforts to stimulate the economy and for policies that benefit the middle class. By electing Mr Clinton president and leaving Democrats in control
      NYT  -  625 words
    • 471 4 Profile Reuter WASHINGTON Bill Clinton, born dirt-poor in the tiny town of Hope, Arkansas, has overcome extraordinary odds and obstacles to become the nation's 42nd President. Offering an agenda for change during bad economic times, the 46-year-old Arkansas Governor hamessed his
      Reuter  -  471 words
    • 293 4 Youngest president since Kennedy is first Arkansan to win office AFP WASHINGTON Democrat Bill Clinton's capture of the US presidency has ended a string of traditions and launched a set of precedents. Not only will Mr Clinton, 46, be the youngest president since his idol
      AFP  -  293 words
    • 448 4  - George Bush wins at the Westin in Singapore By SN Vasuki SINGAPORE George Bush was declared the winner in an "election" held yesterday, with Bill Clinton in second place and Ross Perot a distant third. But wait a minute. This poll was not held in America but thousands of kilometres
      Picture by Arthur Lee  -  448 words
    • 2591 5  -  Initial reactions in the region to Bill Clinton s landslide victory in the US presidential have generally been cautious, largely because he is an unknown factor. However, businessmen and politicians are guardedly optimistic that the region can gain from his electoral promise to revive
      Reuter  -  2,591 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 117 6 SINGAPORE All applicants for Courts Singapore shares will be allotted their subscriptions in full. The Courts share offer was 85 per cent subscribed when it closed on Tuesday. The company offered 25 million 20-cent shares at 68 cents apiece. More than 2,400 applicants applied
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      • 79 6 SINGAPORE Kay Hian James Capel Holdings Ltd has increased the share capital of its wholly-owned subsidiary, KHJC (Malaysia) Holdings Sdn Bhd, from Ms 2 to Msl million through the issue of 999,998 shares of Msl each. The authorised share capital has also been raised from M
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      • 95 6 SINGAPORE Superior Metal Printing Ltd will call an extraordinary general meeting to seek shareholders' approval for the sale of certain assets to Superior Metal Printing (M) Sdn Bhd. No date has been set. The assets, involving a pail line and single-colour printing line, will be
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      • 113 6 SINGAPORE Jurong Engineering Ltd said yesterday that its proposed one-for-five rights issue will raise $10 million, which will be used to buy construction equipment and repay bank borrowings. After the issue of the five million rights shares of 50-cent par value, the group's issued capital will
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    • 442 6  -  By Lilian Ang SINGAPORE Listed Scotts Holdings has bought a service apartment building in central London for £11.8 million (5529.5 million), joining a growing band of local parties eager for a bite of the London market. The deal, sealed on Tuesday, underpins the propertybased
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    • 476 6  -  By Lee Han Shih SINGAPORE The revamp in loss-making Pacific Can Investment Holdings moved into high gear yesterday, with the announcement that it is selling its entire stake in Van Der Horst Ltd (VDH). Pac Can. which has
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    • 648 6  -  THE HOCK LOCK SIEW COLUMN By Dexter Lee SINGAPORE Singapore Airlines's profit will definitely dip in the current financial year because of fare wars, lower load factors and the absence of any gains from aircraft sales, all of which add up
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    • 311 6 MBT KUALA LUMPUR Soon-to-be listed Shangri-La Hotels (Malaysia) (SHM) is currently looking for projects in the Asean region to expand its operations. Any project that materialises will be the company's first outside Malaysia. Chairman Kuok Khoon Ean
      MBT  -  311 words
    • 309 6  -  Company offers counter-proposals for loan stock repayment schedule By William Chia SINGAPORE Financiallytroubled Inno-Pacific Holdings Ltd wants to amend the three additional conditions set out by independent adviser Coopers Lybrand on its repayment schedule to loan stockholders. Coopers Lybrand said on Monday that Inno-Pac's
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    • 208 6 Bernama KUALA LUMPUR Minority shareholders of Uniphone Telecommunications Bhd were recommended to vote in favour of the proposed disposal of two million shares in its subsidiary, Uniphone Sdn Bhd (USB), to Sapura Telecommunication Bhd, a related company, for MSBO million (SSSI million). The consideration
      Bernama  -  208 words
    • 200 6 Bernama KUALA LUMPUR Mycom Berhad believes that its gaming operations in Sabah will be strengthened by improving customer services through training and providing greater customer convenience. "To this end, the group has been continually conducting training programmes for both staff and agents, as
      Bernama  -  200 words
    • 339 7  -  By Teh Hooi Ling SINGAPORE Nasdaqlisted Candela Laser Corp. in which Singatronics holds a 17-per-cent stake, on Tuesday said first-quarter net income fell 90 per cent to U5545,000 (5572.000) from a year earlier despite a 13 per cent rise in revenue to US$B.B
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    • 351 7 Reuter SYDNEY Australasia's largest food group, Goodman Fielder Wattie (GFW), is looking for a 400 per cent jump in sales in its fast-grow-ing Asian markets in the *****, chief executive Michael Nugent said. GFW plans expansion in Asia and Europe by making
      Reuter  -  351 words
    • 256 7 Reuter HONGKONG China Travel International Investment Hongkong Ltd said yesterday its HK$4OO million (SsB4 million) public share offer was 411 times oversubscribed, freezing a record HK$l5O billion in banks. The investment holding unit of Chinese State Council's China Travel Service (Holdings) Hongkong Ltd, received
      Reuter  -  256 words
    • 399 7 Reuter SAN FRANCISCO Strong demand for personal computers with bargainbasement prices is driving up the cost of computer chips, giving a boost to US manufacturers but raising the stakes for embattled PC makers, experts say. Rising chip prices also stem from
      Reuter  -  399 words
    • COMPANY BRIEFS
      • 88 7 HONGKONG Asia Securities International will probably have to raise its takeover bid for Hongkong travel agency and hotel company Morning Star Holdings tor it to succeed, stock analysts said. Asia Securities, which is an associate of Hong-kong-listed investment company Lippo Ltd, announced
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      • 106 7 BANGKOK The Charoen Pokphand Group (CP), Slovay Co of Belgium and other foreign companies will jointly invest more than one billion baht (Ss63 million) in a new petrochemical plant in China's Lin Po district to produce 120,000 tonnes a year of polyvinyl chloride (PVC)
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      • 87 7 PARIS French business tycoon Bernard Tapie looks set to sever his links with German sportswear firm Adidas, leaving the way open for his comeback on the political stage. A spokesman for French bank Credit Lyonnais said on Tuesday that several plans for the sale
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      • 88 7 TAIPEI Taiwan's Finance Ministry has drafted a plan to lower taxes on cash dividends paid to foreign investors who purchase Taiwan stocks overseas, an official said yesterday. If approved, the tax rate on dividends paid to foreigners who hold Taiwan global depositary receipts (GDRs) will
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      • 79 7 AMSTERDAM The Netherlands' largest chemicals group, Akzo NV, on Tuesday reported flat third-quarter net profit of 162.1 million guilders (*****.8 million), against 161.5 million in the same period last year. The result was below forecasts of 170 million to 185 million guilders but shares rose and
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      • 76 7 LONDON Grand Metropolitan, the UK-based food and drinks group, yesterday completed the disposal of its express dairy operations with the sale of Express Foods, the UK cheese and food service business, to a management-led buyout team for £96 million (SS24O million). Grand Met put its dairy
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    • 269 7 Reuter AUCKLAND Australasian Liquor company Lion Nathan Ltd yesterday answered recent sellers of its shares with an annual profit at the higher end of expectations and an upbeat assessment of itself despite a flat beer market. "This year has been by far the
      Reuter  -  269 words
    • 609 7 Reuter BOMBAY Most major Indian companies are expected to announce first-half results showing- reduced profit growth but some star blue chips will buck the trend, say analysts. Leading Indian companies will this month announce results for the first six months of the 1992/93 financial
      Reuter  -  609 words
  • Page 6 Advertisements
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 99 8 TORONTO Royal Bank of Canada, which raised its estimates for loan losses by Cs9oo million (Ssl.2 billion) for the fourth quarter, has taken steps to recognise and deal with problem loans. Royal has reassigned top managers in its credit department and taken a more
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      • 83 8 WELLINGTON Two minority shareholders in Bank of New Zealand have yet to accept a takeover bid by National Australia Bank, the Dominion newspaper said. Grantham Mayo van Otterloo, who has a 1.5 per cent stake in the bank, told* the daily that the offer price
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      • 100 8 WASHINGTON The CIA told the Agriculture Department that Italian bankers were involved in loans made to Iraq in the 1980s by an Atlanta bank branch, says a congressional letter released on Monday that cites a CIA document. If true, the ClA's information would further undermine
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      • 87 8 ZURICH Swiss Volksbank, facing a cut in its credit worthiness rating, can restore profits next year if cost-cutting measures are successful, analysts said. "Compared with other big Swiss banks, Volksbank has been somewhat late in restructuring, but the process should be speeded up now," Bank Julius
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      • 41 8 LOS ANGELES CalFed Inc reported a U5542.2 million (5567.5 million) third-quarter loss on Tuesday and announced a restructuring deal with leading bondholders that will allow the troubled savings and loan to forgo a US$l5B million debt payment.
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    • 274 8 FT LONDON US and Span- ish banks are the most profit- able banks in the world, according to IBCA, the UK credit rating agency. However, not a single Jap- anese bank is in the world's 100 most profitable, even though eight of the
      FT  -  274 words
    • 291 8  -  By Soh Tiang Keng SINGAPORE Housing loans, the fastest-growing segment of the local bank loan market, continue to perform strongly, according to the latest figures from the Monetary Authority of Singapore. In dollar terms, housing loans grew at an annual rate of 23 per
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    • 278 8  -  Loans arranged by S'pore-based AFC Merchant Bank By Quak Hiang Whai SINGAPORE Two Thai banks have tapped the region's capital markets for US$43 million (about Ss6B million). First Bangkok City Bank sought US$25 million through a one-year multicurrency credit facility. The facility is structured
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    • 283 8  -  By Shoeb Kagda SINGAPORE Another record has been smashed on the Singapore International Monetary Exchange. Fuelled by greater volatility and liquidity, trading in the exchange's Eurodollar futures hit 747,202 contracts in October. This was a massive 111-per-cent rise over October 1991, Simex said
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    • 54 8 Reuter TOKYO Share dealers standing idle at the Tokyo Stock Exchange yesterday. Brokers said most investors remained sidelined, wary of poor corporate half-year results and a lack of fresh factors. The US presidential election was not a major issue, with Mr Clinton's victory expected and
      Reuter  -  54 words
    • 206 8 Reuter LEIPZIG, Germany Germany's powerful central bank has set a string of conditions for further cuts in domestic interest rates and said it would not allow its monetary policies to be dictated by financial markets. Bundesbank president Helmut Schlesingcr said here on Tuesday that
      Reuter  -  206 words
    • 249 8 FT LONDON Mick Newmarch, chairman of Prudential Corporation, Britain's largest life insurer, has said that self-regulation of the UK's financial services industry is a failed experiment and suggests that it should be scrapped and replaced with statutory regulation. "The Financial Services Act
      FT  -  249 words
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  • THE REGION
    • NOTE BOOK
      • 112 10 BANGKOK A Hongkong developer and the State Railways of Thailand (SRT) have clashed over delays in starting construction of an elevated rail system for Bangkok's long-suffering commuters. The contract for the US$3.2 billion (555.2 billion) project to be undertaken by Gordon Wu's Hopewell Holdings Ltd
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      • 82 10 HONGKONG The European Community has agreed to extend a textiles trade agreement with Hongkong for another two to three years largely on existing terms, the Hongkong government's Trade Department announced yesterday. The one major change in the agreement, initialed in Brussels on Tuesday, was the
        82 words
      • 75 10 JAKARTA Indonesian Foreign Minister Ali Alatas said here yesterday that consultations on the Cambodian peace process with members of Cambodia's Supreme National Council (SNC) will start in Beijing on Saturday. "I have received a confirmation from the Chinese government and Prince (Norodom) Sihanouk that China
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      • 100 10 CANBERRA Australian Treasurer John Dawkins yesterday survived the second parliamentary censure motion in two days over his handling of unauthorised borrowing by the recession-hit industrial state of Victoria. Mr Dawkins and Prime Minister Paul Keating also indicated that the Treasurer would not cooperate with a Senate
        100 words
      • 77 10 JAKARTA The Indonesian Minister of Tourism, Post and Telecommunications, Soesilo Soedarman, urged Asean members on Tuesday to cooperate more instead of battling each other to attract foreign tourists. At the opening of a two-day Asean tourism seminar, Mr Soedarman said closer cooperation was needed "because the
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    • 499 10 Reuter MANILA The Philippines faced the threat of reignited inflation that could endanger two years of fiscal discipline if public spending grew too fast, Central Bank governor Jose Cuisia warned yesterday. Congressional moves to increase wages for government workers along with foot-dragging
      Reuter  -  499 words
    • 198 10 Reuter PHNOM PENH The Cambodian government can expect help soon from major financial institutions like the International Monetary Fund (IMF) and World Bank after more than a decade of isolation, a United Nations (UN) economic expert said. Roger Lawrence, senior economic adviser
      Reuter  -  198 words
    • 239 10 AFP TOKYO The Japanese Cabinet will approve a 45.5 billion yen (about Ss6oo million) loan to Vietnam this week, ending the economic embargo imposed on the country since 1978, the Nihon Keizai Shimbun reported yesterday. Six Japanese banks meanwhile are to provide
      AFP  -  239 words
    • 326 10 JAKARTA The Indonesian government has pledged to continue reducing business regulations and the bureaucracy to help Indonesian enterprises gain a bigger share of international markets, reported The Jakarta Post yesterday. Vice-President Sudharmono said on Tuesday that continued economic reforms were necessary
      326 words
    • 170 10 Reuter WELLINGTON The New Zealand government has released draft legislation detailing changes to the international tax regime, tax and finance ministers Wyatt Creech and Ruth Richardson said yesterday. "The new international tax regime will make it harder for firms to devise sophisticated tax
      Reuter  -  170 words
  • Page 10 Advertisements
    • 170 10 Why does the world s fastestgrowing airline have fewer seats When we commissioned our y SHeLr" H new Airbus wide-bodied aircraft f we insisted that they were fitted I 9S||||i with far fewer seats than the mfM ■s'* «GwF l' manufacturer recommended. Fewer seats means more room for JhR BiS
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  • THE WORLD
    • 527 11 Paris says more time needed to study details Reuter BRUSSELS France has delayed an agreement among Nato nations on setting up more formal links between the alliance and the Western European Union (WEU), a potential rival to the US-led alliance, diplomats said
      Reuter  -  527 words
    • 408 11 AP LONDON (AP) The old boys' network remains the single biggest obstacle to the advancement of women in the workplace, according to a survey of management attitudes towards women in Britain. Women ranked "men's clubs" at work, in which men
      AP  -  408 words
    • 326 11 AFP ROSTOCK, Germany The east German city of Rostock formally apologised on Tuesday after one of its councillors offended the head of Germany's Jewish community by implying he had divided loyalties. Mayor Klaus Kilimann and the city council said it "strongly" condemned the remarks
      AFP  -  326 words
    • 305 11 Reuter LONDON The bill for the British government's vain attempt to defend the pound in mid-September continued to rise in October, official reserve figures released on Tuesday showed. Treasury figures showed that Britain's underlying reserves of foreign currency and gold fell US$3.O2 billion
      Reuter  -  305 words
    • 328 11 Reuter NEW DELHI Japanese companies, whose consensus decision-making style has been held up as a model, may have to adopt Western management techniques to compete in a fast-changing business climate, says a senior IBM executive. "A quick response to the marketplace
      Reuter  -  328 words
    • WORLD WATCH
      • 78 11 PARIS In spite of expanded contacts between trade officials, France's trade deficit with Japan is expected to reach a record US$6 billion (559.7 billion) this year, the co-president of a Franco-Japanese business committee said on Tuesday. Henri Martre, an aerospace executive who heads
        78 words
      • 55 11 TOKYO The number of women employed in Japan last year hit a record high of 19.18 million, accounting for 38.3 per cent of the country's total workforce, the Labour Ministry said on Tuesday. The number represented an increase of 840,000 people from 1990. the ministry
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      • 30 11 SEOUL Prince Charles unveiling a plaque to open the "Britain for Korea" exhibition yesterday. The Prince and Princess of Wales are on a four-day visit to South Korea.
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      • 74 11 LONDON The average price of a home in Britain fell by 2.7 per cent in October and by 6.6 per cent in a year, the Nationwide Building Society said in its monthly report on Tuesday. This was the biggest fall since prices dropped by 3.7 per
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      • 58 11 LONDON Western production of uranium fell in 1991 to 26.900 tonnes, the lowest figure since 1976, the British Uranium Institute reported on Tuesday. But cumulative production since 1970 exceeded one million tonnes, the institute said in its monthly report. The production, used solely by the nuclear
        58 words
      • 64 11 BUDAPEST Hungary plans to try officials who crushed the bloody 1956 revolt against communist rule for crimes against humanity, the government said on Tuesday. "There will be peace only when these cases are closed and closed with justice." Justice Minister Istvan Balsai told a news
        64 words
    • 460 11 AFP BERLIN A decision by Mercedes-Benz on Monday to shelve a US$65O million (551.04 billion) truck project in east Germany is only one of several major blows to investment in the economical-ly-stricken former Communist region. Economic researchers and government officials said yesterday that
      AFP  -  460 words
  • Page 11 Advertisements
    • 206 11 J «1" Prß 19 «v yPH-SV hi v*"* 1 '■■KJfMP V n 'rf This landmark offering comprises. B Sp&J If The 585 room Hilton Hotel, with long term lease to Hilton International N* ***M m iMi i V Retail arcade (3,951 m 2 approx.) If Commercial office floors (13,657m 1
      206 words

  • 470 12 EDITORIAL THE American electorate has spoken its mind. And its verdict is a resounding vote for change. By endorsing Bill Clinton and rejecting George Bush and turning out in unprecedented numbers to vote in one of this century's most eagerly fought presidential contests the electors have with
    470 words
  • WHAT THE OTHERS SAY
    • 330 12 MR LOH Meng See's suggestion of a fees schedule for private medical practitioners is the latest addition to the inventory of ideas for controlling health care costs here. In attempting to specify directly the fees private doctors can charge and by implication influencing their income the Health GPC
      330 words
    • 146 12 TOMORROW is the start of Umno's general assembly. This time, 1,700 delegates would be attending the assembly to debate three motions presidential speech, and motions on economy and religion. Although the election of office bearers will have to wait until next year, the assembly is abuzz with
      146 words
    • 120 12 JAPAN'S military spending has been on the rise since the inception of its "self-defence force" in 1954. As a consequence, it has become the most modern and powerful Asian military force in terms of ammunitions and firearms. Yet, Japan's Nihon Keizai Shimbun yesterday reported that the
      120 words
  • REGIONAL VIEWPOINTS
    • 183 12 THE Health Ministry's move to open the doors of the country's private medical services to foreign doctors to overcome the shortage of doctors has brought to the surface a number of submerged concerns about the nation's health care services. The problem of shortage of doctors is a
      183 words
    • 243 12 A PANDORA'S Box has been opened by last week's disclosure of diplomatic letters of exchange between Foreign Secretary Mr Douglas Hurd and his Chinese counterpart, Mr Qian Qichen. While publishing the letters was meant to allay public concern that there had been no secret agreement between
      243 words
    • 213 12 SABAH seems set to do it on its own at the World Travel Mart (WTM) later this month in London, a decision which sparked numerous questions regarding the state government's intentions. Is this a rare initiative aimed at bringing better revenue from tourism, or an act of
      213 words
  • 836 12  -  Kiichi Miyazawa yesterday completed his first 12 months as prime minister of Japan. Eugene Moosa assesses his past years performance amid dismal public approval ratings Eugene Moosa Reuter AFTER 12 months in office beset by scandals, economic woes and a reputation as a ditherer, Japanese Prime Minister
    Reuter  -  836 words
  • Page 12 Advertisements
    • 242 12 A 3-DAY CONRRIIKI CUM Dinner with deleaotes of Lunch wilh delegates of TPBC INDUSTRY WORKSHOP TPBC Guest Honor, I Guest of Honor, H.E. SESSION IN MANILA Mr Lee Kuan Yew Presic,ent Fide Ramos VISIT TO SUBIC RAY Keynote Address by His Excellency Rizalino Navarro, Secretary, Department of Trade Industry, Philippines
      242 words

  • ANALYSIS
    • 643 13  -  The government's drive to promote Malaysia as a holiday destination has seen hotels sprouting up all over the country. Azlina Aziz reports Azlina Aziz Bernama FUELLED by the government's relentless efforts to boost the tourism industry and the country's popularity among foreign visitors, the
      Bernama  -  643 words
    • 1393 13  -  Commercial banks searching for new outlets for their funds may have found a new market, writes BT Correspondent Florence Chong Florence Chong AN AUSTRALIAN initiative may lead to the resolution of an age-old problem of equitable distribution of wealth between the poor and the rich. The
      1,393 words
  • Page 13 Advertisements
    • 146 13 AUSTRALIA NEW ZEALAND PROPERTY EXHIBITION UNBEATABLE INVESTMENT OPPORTUNITIES Secue and high yielding investment properties are currently available in both Australia and New Zealand. And you need not make a long overseas trip to inspect them. You will be able to view the many commercial, retail industrial and hotel/resort properties which
      146 words

  • Page 14 Advertisements
    • 583 14 Nothing Beats A ButL OF A FIRST FOR E^DDUS EXODUS rated Malaysia's top entertainers after winning Hi the group category inthe 1991 fib Top of the Pubs competition■■■is r n 9' n 9 their exciting brand WMF mus c t0 Singapore. The talented Paul brothers will enthrall you with a
      583 words
    • 286 14 WHERE TO WINE, DINE JOIN THE PUSHEtS AND HAVE A MIL Only at Subway can you play old English pub games like Push Penny, Table Skittles, Backgammon and Electronic Darts. What's more, our Happy Hour beer prices at S3 a glass and $12 a jug are about the best offers
      286 words
    • 361 14 Our French Buffet is certainly a feast not only for the eyes. The Escargot tW Au Champignons, Coq Au Vin, jf N Gateau St. Honore and other favourf ites, will satisfy even the most discerning of tastes. Cv/ q O /J I q O V Q Ittfc floor We serve
      361 words
  • Page 14 Miscellaneous
    • 711 14 TELEVISION AND RADIO Pnicnn A nnlp ***** z^u Com ,Q 111 iSiK 1 business on radio UlijVJll xVUL-JAw 7.25 PM Opening followed by la- 1.25 Close. 630 Today. BBC, 88.9 mHz in VHF Band II A r B r* ss T ~SBCB 7 m cnn 7.05 am, 1.30pm, 5.05pm, 1.05
      711 words

  • LIFESTYLE
    • 930 15  -  Mud-slinging has been a regular feature of US presidential eampaigns. as Anna Teo discovers Anna Teo FOR ALL its share of campaign mudslinging and smear stories, the Bush-Clinton-Perot contest, like the preceding recent few, would seem prim and prissy compared with the gladiatorial presidential battles of yesteryears.
      930 words
    • 577 15 CHATTERBOX DOCTORS said on Tuesday that the tumour removed from Oscar-winning actress Audrey Hepburn was cancerous, but they believe they removed all the malignancy from her colon. Ron Wise, a spokesman for Cedars-Sinai Medical Centre, said Hepburn was in fair condition. "The tumour turned out to
      577 words
    • 838 15  -  Dawn Tan finds out the dynamism of the super rapper Dawn Tan IF YOU think rap music is just a lot of cool brothers endlessly bawling about street violence while intermittently making grabs at their private parts, then hip-hop mega-star Hammer may be your road to
      838 words
  • Page 15 Advertisements
    • 250 15 AND ENTERTAIN A Pasta Parade 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+ u ANA HOTEL ™7^T P SINCAPORE 732-1222 extension 1700 >a» TmpHow ie6l m \m
      250 words
    • 103 15 2 Nov to 30 Nov '92 the hypochondriac, the Chinese herbal concoction of a variety of health soup at China China Restaurant will be just the thing that will inject energy and strength into your life. A different soup is served everyday of the week. Prices range from $12.00 to
      103 words

  • SPORTS
    • 660 16 AP NEW YORK Magic Johnson, gone. Larry Bird, gone. And with them goes, at a precarious time for the National Basketball Association, two giant reasons for the league's booming popularity. There is an emptiness and a sadness to the opening of the season
      AP  -  660 words
    • 378 16 AFP PARIS Henri Leconte climbed out of his sick bed to delight the home crowd with a three-set victory at the US$2.l million Paris Open on Tuesday. John McEnroe successfully launched his "last stand" in a Paris arena. World number-one Jim Courier chalked
      AFP  -  378 words
  • Page 16 Advertisements
    • 210 16 '"PRETTY LJ 1,,1e ess elegance M home INTERHOME DESIGN PTE LTD 6 if firs Boulevard "0 J -100 Marina Square Singapore 010} T< Ii 16 212 2 Fax JJ6HB2O FOR BUSINESS OR PLEASURE, A PARADISE ISLAND WITHIN AN ISLAND PARADISE. Mystical, magical Bali. jj||BBife:' v Z Where placid terraced rice-fields
      210 words

  • ADVERTISING & MARKETING 1
    • 796 17  -  The US sports shoe and apparel maker has gone to town with a store concept that combines hi-tech gadgetry with environmental design to produce a sort of Disneyland and Hard Rock Cafe of the athletics world, says Helen Chang Helen Chang ON a downtown street corner,
      796 words
    • 806 17  -  Firms in Japan evolved a system of competing by trying to cover every possible market niche to attain maximum market share. But stagnant sales and costlier capital are forcing a change in that style of doing business. Andrew Pollack reports
      NYT  -  806 words
    • 240 17 Bernama JAPANESE cosmetics companies are comprehensively entering the growing perfume market and releasing new products, industry sources said in Tokyo. Domestic sales of perfumes grew at a pace of 15 per cent last year, well above the 2-3 per cent growth
      Bernama  -  240 words
    • 641 17 Foundation launching nasty ad drive to shame majo companies into bringing manufacturing back to US THE Made in the USA foundation is launching a nasty ad campaign against major US companies that manufacture products overseas and Nike is the first target. The
      641 words
    • 497 21  -  Are awards and surveys anything to swear by? Robinson's, which just won an award because of its service and quality, didn't do so well in a newly released survey. Lee Han Shih reports Lee Han Shih For those who wonder whether awards and surveys are anything
      497 words
    • 459 21  -  Stuart Elliott tells why Chiat lost a hard-won USs6om account Stuart Elliott NYT American Express Co has dismissed Chiat/Day/Mojo from creating and producing sales pitches for its charge cards, less than a year after it awarded the New York advertising agency the US$6O million (5597.2
      NYT  -  459 words
  • Page 17 Advertisements
    • 338 17 Wten Scientist Mllf Tan Kok Kheng h|9f His Mushroom Biotechnology, which turns the secrets of gene behaviour I 1 TT to commercial use, holds out the promise of high returns for Lj Q H D high risks. Singapore with its handful of pioneering P/\I I I I II f* entrepreneurs
      338 words

  • Page 18 Advertisements
    • 1320 18 A BT advertising feature W "x SM Motors Pte Ltd jteS ~f -i ■■■:4. oo orate facc NOVEMBER marks an symbol that has the of solidness need five auspicious ele- B& important milestone for represented SM Motors as as for- i^B|H||^|H^^^H S M Motors the inception. ward movement. wealth, health,
      1,320 words

  • Page 19 Advertisements
    • 1159 19 AJIK V.» V J 7?>* VVA :"V ?i* *L ■*/-'&:Yv 4'v V %A wX>. ROM this month on- In addition to these bene- owner can now conveniently |H wards, the Volvo Ad- fits, Volvo-UOB VISA Gold charge all billings to the card 1 vantage Program Card holders will also be
      1,159 words

  • Page 20 Advertisements
    • 307 20 iL ■BHi Av 45 scalable fonts. e *f *5* 4 M^Vjyj^^BotS3LJ^^^li^v fere <J^R. JB 5»1 Er 1 jyl .^3^B 'J f5v% ***t i y 'W\% v J w^ .?#i-Min m 1 Vl' i IWI^H/iiM^^^^BßH 118 z^jSOSBL ff ttBEJ^FIiMKPSi^HI^^^^H .JV^r-tMßnEdlfcuQ^^^^^B''' "l®'*3E«Jsll^^B^B > it* J£#9Y^ JB i t r '!i hh ?f"
      307 words

  • Page 21 Advertisements
    • 209 21 BUNZ' jf m vj'^FW j the centre the glass a 0 25 carat diamond, mounted without visible setting This treely-suspended diamond is made possible by a newlydeveloped laser-cutting technique with a one upon a million precision a worldwide patent of Bunz The dial of 950/-platinum is enhanced by a distinctive
      209 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3867 22  -  By Paul Leo BILL CLINTON'S victory in the US presidential election, activity in Malaysian counters and action on blue chips boosted Singapore share prices yesterday, and the benchmark Straits Times Industrials Index climbed 15.59 points to close at 1,421.46. With the local market's
      3,867 words
    • Article, Illustration
      80 22  -  By Paul Leo MCB Holdings Bhd traded from a low of 67.5 cents in midAugust to 92 cents currently, and is near both the weekly and daily charts' resistance at 93.5 cents. Both RSI and stochastics are neutral, which indicate that it will trade between 85.5 cents and
      SOURCE: BRIDGE INFO  -  80 words
  • Page 22 Advertisements
    • 51 22 rmmmmmmmmmmmmmmmmmmmmmmmmm CALL MILANO'S HOT DELIVERY HOTLINE NOW! 468-2222 i for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! I Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). FREE delivery for a minimum order of $10.00 $3.00 surcharge for delivery after 11.00 pm. Hiiano I Allhxlim AllHcntetftjle
      51 words

  • 3342 23 DBS 1180 +60 +5.4% Robinson 720 +55 +8.3% SI A Foreign 1660 50 3.1% K Kellas 25p 187 +35 +23.0% F&N 1010 +30 f 3.1% Keppel Corpn 615 +20 +3.4% SIA 1320 20 +1.5% C Properties 700 +15 2.2% C&C 635 +15 +2.4% Semb Shipyard
    3,342 words
  • Page 23 Advertisements
    • 29 23 ot over 10 million m the whole woHd in your hands. And-1 gjretfpj|J|S|k I||lotB y 0 occess to cash at IOOiOOO bank rovvtooTTHtwHovwoM I and ATMs worldwide. in your
      29 words

  • 3431 24 V1ISC Foreign S|5 27 5 .5% (ten tings 50* 960 +20 +2.1% H Leong Ind 50 1 645 +20 3.2% Mulli-Purpose 120 20 20.0% Paramount 105 f 17 M Banking 6?5 15 +2.3% Mill 192 14 7.9% kamunting 50* 69 <-12 +21.1% 1IMW 402 +12
    3,431 words
  • Page 24 Advertisements
    • 758 24 i r- mmmmm BUSINESS TIMES ToH free Tel No 737 0Q43 Fax No: 734 3698 M THE MATTER Of THE COUP AMES ACT, CAP. SO LEUNG'S RESTAURANT (PTE.) LTD. At an Extraordtoary Ganaral Meeting of tha mambare of LEUNG'S RESTAURANT (PTE.) LTD. (My convened and Md 6001. Batch Road. #14-01,
      758 words
    • 288 24 THE COMPANIES ACT, CHAPTER 50 Section 290<2Mb> NOTICE OF RESOLUTION SECRETARIATS AND MEETINGS PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Secretariats And Meetings Pte Ltd. held on the 29th day of October 1992. the following special resolutions were duly passed: RESOLVED: 1. That the company
      288 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5555 25 Bernama TRADING on the Kuala Lumpur Stock Exchange (KLSE) remained active yesterday with prices surging ahead on strong buying interest, which chased the key indicator to another record close. The KLSE Composite Index tacked on another 6.26 points to 659.33, its fifth record
      Bernama  -  5,555 words

  • BT SHARE INFORMATION SERVICE
    • 229 26 Company Dai* Year Croup Net Net earnings Cross ann to profit/loss per share dividend ('000) (cents) BMT Nov 2 Jun 92 $1.027($931) 337 6(306 3) 149 3(15) Cold Storage Oct 29 Jun 92 $19,948(516.894) 16(136) 15N(13N) Eu Yan Sang Oct 27 )un 92 $844($459) 94W(51W) 1(1) FAI Ins
      229 words
    • 124 26 Company Data Year Group Hot Not earnings Gross ann to profit/loss per share dividend ('000) (cents) Faber Nov 2 Jun 92 M$33.305(M$32.435) 3.9(8.6) -(-> H Leong Credit Nov 2 Jun 92 M$52,725(M$38,978) 24.1(21.5) 9(9) Renong Nov 2 Jun 92 M$111.549(M$80.650) 7 7(5 6) -<-) Untphoemx Nov 2 Jul
      124 words
    • 224 26 Company Date Half-year Group Met lotoi tan ann to pcofit/loss dividend (000) Rothmans M Nov 2 Sep 92 M$102.434(MJ106.559) 60(50) Asia Pac Land Oct 29 Jul 92 M$8,321(MJ5,367) 2(2) Esse Oct 29 Jun 92 M$37,500(MJ72.200) 20(20) Heua Oct 29 Jul 92 MS1.136(MJ83L) LKH Oct 27 Jul 92 J2,519(»105)
      224 words
    • 835 26 Current Ex Books Date Total for Total for payment date dose payable the year last year Bedford 50c 1% Nov 2 Nov 16 Dec 7 2% BMT S10 100% Nov 12 Nov 24 Nov 26 140.9% 150% Boustead 50c 10% Nov 20 Dec 4 Dec 30 17.5% Bind
      835 words
    • 508 26 Nov 3 Hongkong metal trader Bun*! Hokfings will build a steel processing plant in China's Pearl River Delta to supply the new factories mushrooming in Southern China. Khong Guan Flour Mtog Ltd is participating in a joint venture to develop a site on Tanjung Rhu Road into a
      508 words
    • 366 26 Company Rights Issue Guthrie GTS One tor one SO 23 per share Ex-date Nov 26 Books dose Dec 8 Acceptance Payment NYA 0C8C One-tor hve <« (3 00 per local share One tor five «i $4 19 per foreign share hdate Oct 8 Books dose: Oct 20 Acceptance
      366 words
    • 152 26 Pabnco Hoidngs Bhd: 16th AGM at the Taniung Bunga Room, The Casuanna Beach Hotel. Batu Ferringhi, ***** Penang, on Thursday. November 5, at 10.30 am Tractors Malaysia HokSnjs Bhd: 27th AGM at the Kristal Foyer, Petaling Jaya Hilton, 2 Jalan Barat, ***** Petaling Jaya, Selangor Darul Ehsan, on
      152 words
    • 215 26 Conversion Special I rdg Scripless Conversion deadline Period Trading Compan) starts (IDP) (ST) starts Bonvests Nov 9 Dcc 3 Nov 23 Dec 3 Dec 4 Cerebos Oct 16 Nov 12 Nov 2 Nov 12 Nov 13 Chemical Ind Nov 9 Dec 3 Nov 23 Dec 3 Dec 4
      215 words
    • 360 26 In local curr In SS In USS dy jt dy yr dy >t No* 3 Index chge chge chge chge chge chgt World 382.6 0.2 -6.3 0.3 -8.5 0.5 -8.6 *E\FE 445.8 0.3 -11.2 0.8 -14.4 1.0 -14.5 Europe 413.0 0.7 0.4 0.8 -8.9 1.0
      360 words
  • 610 26 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  -  610 words

  • CHINA STOCK EXCHANGES
    • 435 27 CLSA CHINA'S two A share markets remained in the doldrums yesterday. The Shanghai A market continued to drift lower in anticipation of Chlor-Alkali A's new share listing on Nov 13. The CLSA Shanghai A Index lost 2 per cent to close at
      CLSA  -  435 words
  • JAKARTA STOCK EXCHANGE
    • 974 27 SHARES were little changed yesterday after Bill Clinton's victory over President George Bush in the US presidential election, brokers said. The Composite Index dropped a marginal 0.77 point to 304.53 points, from 305.3 on Tuesday. Brokers said even the hectic trading in bank
      974 words
  • STOCK EXCHANGE OF THAILAND
    • 2153 27 Reuter INVESTORS bought bank shares heavily yesterday and their gains boosted the stock index by 1.57 per cent to break its psychological resistance point of 950, brokers said. The SET Index climbed 14.79 points to 956.87 on a large turnover of 18.64 billion
      Reuter; Source: Bridge Info  -  2,153 words
  • Page 27 Advertisements
    • 59 27 urnipM i|| lIIMIIUIWf AllV II I 111 lA ll'■ I I I II l r I 111 II I I Find out in I I■ I I HI I H I I IF I■ I I VIII Personal Investment and Finance. II I I I H Ift Ift I ■II
      59 words

  • TOKYO STOCK EXCHANGE
    • 2572 28 Reuter STOC KS ended firmer yesterday. with the Nikkei Average above 17.000. Technical futures-linked buying pulled up prices at the close, but sentiment remained stagnant over poor corporate results and a lack of new factors. Democrat Bill Clinton's win in the US election was expected
      Reuter  -  2,572 words
  • STOCK EXCHANGE OF HONGKONG
    • 2567 28 Reuter SHARES in Hongkong rocketed 2 per cent yesterday on higher turnover in a dizzying swing from steep losses to spectacular gains to break above the 6,300 level, after the US presidential race was decided overwhelmingly in Bill Clinton's favour. The blue-chip Hang Seng
      Reuter  -  2,567 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2067 29 Reuter STOCKS finished strongly higher yesterday as Bill Clinton's vietory laid US election uncertainty to rest. Blue chips and industrials led the upturn, stimulated in the morning by News Corp, which leapt A 51.50. or 5.6 per cent, to A 527.90. The All
      Reuter; Source: Bridge Info  -  2,067 words
  • REGIONAL STOCK MARKETS
    • Manila shares stage late rally
      • 571 29 THE PHILIPPINE market opened weak but staged a rally towards the close yesterday as news about Bill Clinton's victory in the US presidential elections sparked buying, brokers said. The Manila Composite Index closed 10.05 points higher at 1,362.57. "The market was basically just waiting for results. When news came
        571 words
      • 467 29 STOCKS closed lower across the board in very sluggish trade yesterday as political uncertainty ahead of the December elections and concern about the slowing economy continued to keep investors sidelined, brokers said. The Weighted Index rose briefly in early trade but soon began drifting lower and ended 53.61 points
        467 words
      • 816 29 ACTIVE LATE SUPPORT by institutional investors pushed the Seoul stock market up higher yesterday, reversing the effects of an early follow-through sell-off, brokers said. The Composite Index climbed 13.48 to 619.00 on a turnover of 601.5 billion. "Buying, focused on securities house shares, helped the market reverse the early
        816 words
      • 333 29 A FAVOURABLE annual result from brewer Lion Nathan and reasonable gains among the other leaders propelled the New Zealand share market to a higher close on moderate turnover yesterday. The NZSE-40 Capital Index gained 8.55 points to end at 1,380.75 on turnover worth NZ$l7.5 million. Lion, which earlier
        333 words
      • 67 29 WIDESPREAD short-covering helped shares rebound from a sluggish Tuesday start as the Bombay stock market opened for trading after a three-day weekend break. The BSE Index leapt 95.55 points to 2,928.89. The National Index firmed 34.16 to 1,308.58. Brokers said the recovery was aided by reports that a Calcutta
        67 words
      • 51 29 INDICES TURNOVER Close Nov 4 Previous NEW ZEALAND NZSE-40 Capital 1.380.75 1.372.20 +8.55 MANILA Composite Index Turnover (mil pesos) 1.362.57 143.19 1.352.52 140.7 +10.05 +2.49 TAIPEI Weighted Pnce Index Turnover (NTS billion) 3.506.05 6.92 3.559.66 7.97 53.61 1.05 SEOUL Composite Stock Index Turnover (billion won) 619.00 601.5 605.52 483.4 +13.48
        51 words

  • WORLD STOCK MARKETS
    • Wall Street stocks ease in choppy trading
      • Article, Illustration
        1348 30 STOCKS retreated in heavy but choppy trading on Tuesday after computerdriven sell programs and profit-taking eroded gains from Monday's rally as the market waited for voters to pick the country's next president. The Dow Jones Industrial Average, which surged 35.93 points on Monday, gave back 9.73 points to
        1,348 words
      • Article, Illustration
        770 30 SHARE PRICES firmed here on Tuesday, boosted by hopes of a further cut in British interest rates and signs of a victory for Bill Clinton in the US presidential elections. At the close, the FT-SE index of 100 leading shares was up 17.8 points at 2,705.6 points, topping the
        770 words
      • 274 30 DOLLAR STRENGTH helped Dutch shares to a firmer close ahead of the US presidential elections on Tuesday. Akzo was the day's strongest gainer as the chemicals group released favourable third-quarter results. Akzo rose 6.20 guilders to 134.00 after reporting third-quarter net profits stable at 162.1 million guilders compared with
        274 words
      • 177 30 INTEREST RATE CUTS and the prospect a Clinton electoral win could spur the dollar higher drove French share prices to five-and-a-half week highs on Tuesday. The CAC-40 Index ended up 44.53 points, or 2.56 per cent, at 1,786.93 highest finish since Sep 25. November CAC-40 futures cracked the 1,800
        177 words
      • 259 30 STOCKS gained ground on Tuesday in narrow trading, operators said, as the DAX spot trend index finished at 1,485 points, up 0.8 per cent by comparison with the Monday close. The Commerzbank indicator advanced by 0.9 per cent to finish at 1,671.70 points. But one BfG operator said the
        259 words
      • 169 30 ITALIAN SHARES closed broadly firmer on Tuesday although profit-taking from midsession onwards pulled many leading stocks off the day's peaks. Dealers said shares in defence group Finanziaria Ernesto Breda rose 17.32 per cent on hopes that small sharehold- ers would benefit from the government's reorganisation of state holdings, which
        169 words
      • 160 30 SHARES staged a strong rally on Tuesday on strong foreign interest in pharmaceutical firm Astra, expectations that Bill Clinton would win, and hopes that Germany would lower interest rates. The All-Share Index jumped up 2.30 per cent to 727.15, and the Top-16 Index rose 2.54 per cent. Turnover was
        160 words
      • 170 30 OIL MAJOR Petrofina and the strong dollar lifted Belgian shares to a 1.42 per cent firmer close on Tuesday, dealers said. The Bel-20 index of leading shares closed 16.24 points higher at 1,156.20 with 1.25 billion francs worth of Belgian shares traded. Petrofina, which hopped 2.8 per cent up
        170 words
      • 456 30 EQUITY PRICES ended firm in quiet trade on Tuesday, boosted by the stron- ger overseas markets and the weakness in the finaneial rand foreign investment unit, dealers said. Laek of strong underlying demand curbed share price gains, while clearing of positions by jobbers ahead of the outcome of the
        456 words
      • 310 30 STOCKS in Toronto finished lower with bank stocks coming under pressure after the Royal Bank of Canada raised loan loss provisions by C 5900,000. "One of the reasons stocks are so far down is bank stocks. The Royal thing made a lot of noise." one dealer said. The financial
        310 words
      • 282 30 Zurich Nov 3 Francs Alusuissc Br 348 3 Brown Bovcri Br 3540 50 CS Holding Br 1990 unch CS Holding Reg 375 unch Ciba Geigy Br 613 I Ciba Gcigy Ps 595 2 Ciba Geigy Reg 597 unch Crossair Br 160 unch Elektrowatt Br 2000 unch Fischer Br 700 20
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  • CURRENCY, MONEY & FUTURES MARKETS
    • 1191 31 REPORTS THE US DOLLAR ended higher against the yen and barely changed against the mark in Tokyo yesterday. Trade was extremely volatile earlier in the day on expectations of Bill Clinton's victory in the US presidential election, but the US currency
      1,191 words
    • 395 31 Cross rates Nov 4 US$ SS MS Dm Yen SFr AS NZS USS 1.6210 2.5110 1.5560 122.30 0.6410 1.3880 1.4409 1.8993 SS 0.6169 1.5490 0.9599 75.4473 0.3955 0.8563 0.8889 1.1717 MS 0.3982 0.65 0.6197 48.7057 0.2553 0.5528 0.5738 0.7564 Dm 0.6427 1.0418 1.6138 78.60 0.4120 0.8920 0.9260
      395 words
    • 600 31 Interbank rates S$ Bid Offer Overnight 5/8 3/4 1-month I 1/2 I 5/8 2-month I 5/8 I 3/4 3-month I 3/4 I 7/8 Overnight mode: 1-1/8 LSS Bid Offer 7 days 3 3/16 3 5/16 1 month 3 1/4 3 3/8 2 months 3 9/16 3 11/16 3
      600 words
    • 315 31 Reuter ZURICH The Swiss National Bank (SNB) has said Switzerland will lose its interest rate advantage over the rest of Europe if the country participates in future European currency union. "The Swiss National Bank as a consequence of this irreversible fixing (of currencies
      Reuter  -  315 words
    • 1507 31 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96.32 96.41 96JI 96.40 ***** 1919 ***** Mar 93 96.37 96.46 96.33 96 44 ***** 2888 ***** Jun 93 95.89 96.02 95.87 95.99 ***** 1049 ***** Sep 93 95.42 95.56 95.41 95.56 8000 326 2788 Dec
      1,507 words

  • COMMODITIES
    • 331 32 Reuter SINGAPORE Prices for a popular, cleaner petrol additive are under pressure from higher US and European exports and lower-than-expec-ted demand in Asia, regional oil refiners say. Softer prices for the octane enhancer methyl tertiary butyl ether (MTBE), which is used to
      Reuter  -  331 words
    • 257 32 Reuter GENEVA Cocoa producing nations have made a new price offer, moving closer to that sought by consumer nations in international negotiations, an Unctad spokeswoman said. The bid was made late on Monday at a private session of the third international cocoa
      Reuter  -  257 words
    • 755 32 REPORTS HONGKONG: Gold closed slightly easier yesterday on late Swiss selling in line with a weaker close in New York overnight, dealers said. Bullion ended at U*****.30/80 an ounce against New York's U*****.70/338.10 close on Tuesday. Gold was seen keeping a
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  • 1539 32 Rubber MS Commodity Exchange (futures closing as at 1pm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 92 142.75 142.75 143.00 100 3,425 Jan 93 0.00 0.00 143.00 200 4.000 Feb 0.00 0.00 143.00 200 4.800 Mar 143.00 143.00 143.25 300 5.200
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  • Page 32 Advertisements
    • 628 32 _bjj_sj_n ess times' Toll free Tel No 737 0043 'Fax No: 734 3698 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, See Eng Thye ot Blk. 11, #01-69, Kempas Road, Singapore 1233, have applied for a Retail Beer Shop licence in respect of premises at M/s YingThye Co at
      628 words
    • 7 32 Advertising Marketing in Business Times every Thursday
      7 words

  • 1277 33 City Flight ETA Fight ETD Adelaide QF81 1935 QF82 2050 SQ228 2040 >■■!« RJ183 0005 Aantarriaai SQ319 0810 KL838 0040 KL837 1515 Athens SQ347 1730 l&Mmd BAH 1310 SQ288 2015 C23B GF148 0855 B Seri bpi •an BI453 1105 SQ182 0935 SQ181 1425 8196 1405 8)429
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  • THE TRAVEL PAGE
    • 687 33  -  POSTCARD FROM WARSAW By Giles MacDonogh WHEN YOU walk through Warsaw's small diplomatic market with Kurt Scheller, executive chef of the Hotel Bristol, you quickly realise what immense power a man in his position can wield. Everywhere hands reach out to offer foods otherwise
      687 words
    • 151 33 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1208 1.1370 Canadian dollar 1.2893 1.3155 NZ dollar 0.8442 0.8615 Sterling pound 2.5167 2.5525 US dollar 1.6170 1.6250 Local dollars to 100 units of foreign currency Austrian schilling 14.65
      151 words
    • 76 33 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel No. J6- Dakar Dakar. Cent* In,em* 221/*****2 F«ri. MUM.IU0 Lj r c j p.. f __a Jan 3. International Spain Internacional Dec 7 International Senegal (fax) ,993 Trade Fair De Valencia Senegal Jan 7-10. Autosports NEC. Haymarket
      76 words
  • Page 33 Advertisements
    • 44 33 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. Knew Europe bom urt to Finnish
      44 words
    • 7 33 Advertising Marketing in Business Times every Thursday
      7 words
    • 554 33 BUSINESS TIMES Toll free Tel No; 737- 0043 Fax No; 734 3098 LIQUOR LICENCE NOTICE UQUOR UCENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Wee Gek Neo NOTICE IS HEREBY GIVEN that, I, Pablo Ernesto 0 f Blk 44 Marine Crescent #25-12, Singapore 1544, have Zuanic Donoso of 24 Lucky
      554 words
  • Page 33 Miscellaneous
    • 255 33 1 Girl climber with black- —■Br 4 Change dominates this j—^ 8 Meal has no starter, here ■BT~ 9 But it prepared by the 13 Thriving in the spring (4) —"IB™" and tanned (7-6) I 19 How army reserves perform, being one-all in the capital (4) lH 22 Hot-rod no
      255 words
    • 167 33 Singapore Outlook: Showers over several areas in the late afternoon and early evening. Report: Maximum temperature 32.0 Assoc humidity 68% Minimum temperature 24.1 Assoc humidity 100% Hours of sunshine 3.10 Rainfall in mm 18.6 Rainfall this month 30.1 Rainy days this month 3 World report Asia-Pacific Hi/Lo* Cond. Auckland 18/14
      167 words
    • 17 33 f no— in FReypxR t MG»\ striding woo V €JJ: I PpßtbeAury (JSOOD GR»e^..^ JJOKiMS y 8600
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  • 427 34 Reuter LONDON Prime Minister John Major insisted he would win a crunch parliamentary vote on European union yesterday after signs that rebellion in his party was weakening before a debate that could make or break his premiership. "I do not
    Reuter  -  427 words
  • 264 34 Reuter NEW DELHI India's state-dominated economy should achieve 6 to 7 per cent growth by the mid--1990s under the impetus of major reforms. Finance Minister Manmohan Singh said. Mr Singh told a meeting of the Asian Association of Management Organisations that Gross
    Reuter  -  264 words
  • 254 34 Reuter MOSCOW The sharp dcclinc in Russia's industrial production should slow next year and monthly inflation levels arc likely to fall below 10 per ccnt, according to a draft government forecast obtained yesterday. But the draft, drawn up by the
    Reuter  -  254 words
  • 154 34 Reuter KIEV Ukraine must maintain its potential to produce nuclear power despite strong public opposition six years after the Chernobyl disaster. Heorhy Hotovehits, minister responsible for the aftermath of the 1986 accident, told a news conference on Tuesday that the government would face resistance
    Reuter  -  154 words
  • 284 34 Reuter JAKARTA East Timor's new governor has said that Indonesian troops should have killed more demonstrators when they fired into a crowd of mourners in the former Portuguese colony one year ago, according to a magazine report. "In my opinion, there
    Reuter  -  284 words
  • 869 34  -  The Bottom Line SALIL TRIPATHI SALIL TRIPATHI The writer is a BT journalist IN HIS acceptance speech in Little Rock. Arkansas. President-elect Bill Clinton coined a new name for his country: the Reunited States of America. It was not just another glib
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  • Page 34 Advertisements
    • 453 34 Every Saturday in Business Times A Northwestern University/International Business Development Advanced Management Programme Conducted by faculty from J.L. Kellogg Graduate School of Management. Shangri-la Hotel, Singapore *15-27 March 1993 In today's and h,ghly training and development of human resources play an increasingly important role in an organisation's ultimata success or
      453 words
    • 223 34 Every Saturday in Business Times r, J&S&W4 One Day Seminar Stock Market Betas Portfolio Risk Strategies applied in a 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
      223 words

  • Shipping Times
    • 334 35  -  By Dexter Lee SINGAPORE The Kcppcl Group's penetration of the emerging markets in Southeast Asia has picked up with the recent clinching of a 52.3 million materials and equipment supply contract from Myanmar. Sea Scan International Pte Ltd, a wholly-owned subsidiary of listed Keppel
      334 words
    • 244 35 AFP SYDNEY A maritime safety expert yesterday called for international action to improve the poor state of ageing ships that should have been broken up for scrap long ago. Opening an international shipping conference, Australian Maritime Safety Authority chairman Colin Freeland said world
      AFP  -  244 words
    • 253 35 Knight-Ridder NEW YORK Mixed signals emerged in the North American ship market with brokers representing charterers and shipowners differing on what they perceived to be the number of exportable cargoes against the availability of tonnage. This somewhat sharp difference in establishing what is
      Knight-Ridder  -  253 words
    • 218 35 Bloomberg METAIRIE, Louisiana Newpark Resources Inc expects to sell its marine-repair business in the "not too distant future", said Matthew Hardey, chief financial officer, on Tuesday. Newpark Resources, whose primary business is providing environmental and oilfield services, owns a ma-rine-repair facility on the Houston
      Bloomberg  -  218 words
    • 880 35 Page Col ABC Containerline 12 1 Accord Group 8 1-3 •APL 5 3-5 Alpha Feeders 6 1 •ANL 3 1/2 Asia Cont Lines 14 5 •ASCL 5 5 Avia Airways 9 3 Bait Orient Line 7 4/5 Bangladesh Shpg 9 4 Bank Line.
      880 words
    • 230 35 UPI ABU DHABI The first i international freight exhibi- i tion and conference in the Gulf "Freight 92" opened on Tuesday in the United Arab Emirates and is expected to enhance the Gulfs standing as a key export-import and transhipment destination. "There are several
      UPI  -  230 words
    • 214 35 Reuter SANTIAGO, Chile Chile's lower house of Congress unanimously approved on Tuesday a draft bill which aims to stop a plutonium shipment from France passing through Chilean waters on its way to Japan. The bill, drafted recently by two Chilean congressmen, echoes the concerns
      Reuter  -  214 words
    • LOG BOOK
      • 87 36 MEXICO CITY Mexican airline Aeromexico bought 11 per cent of its rival Mexicana for an undisclosed sum, a newspaper said on Tuesday. El Economista reported Aeromexico director Gerardo de Previoisin as saying the deal does not mean the two carriers will be merging. There
        87 words
      • 45 36 LONDON The Panamanian-flag freighter Unison Splendor is lying on the seabed at Suao, Taiwan after taking in water, Lloyd's Shipping Intelligence Service said. The 7,852 dwt vessel arrived in Suao on Oct 31 with a shipment of logs from Miri, Malaysia.
        45 words
      • 98 36 BOSTON Coast Guard planes searched on Saturday for a 22 m fishing boat with five crewmen, missing in the North Atlantic for the past two days. The Dragger Atlantis was due to return to its home port of New Bedford, Massachusetts, on Thursday. Two Coast
        98 words
      • 64 36 HOUSTON The US Coast Guard said a Trunkline natural gas pipeline in the US Gulf of Mexico was ruptured early on Tuesday. The pipeline was located between Ship Shoal blocks 94 and 113 and was located about 16 km off the Louisiana coast and about 70
        64 words
      • 95 36 LONDON Britain is sending four helicopters and a hospital ship to the former Yugoslavia next week to boost casualty care for British forces serving in the region, the Ministry of Defence said. The Argus, which was used as a floating hospital in the 1991 Gulf
        95 words
      • 74 36 LOS ANGELES Rob Blattner, president of MCA home video, was killed on Saturday in a plane crash that also took the life of unit publicist Dale Berliner and the pilot of the twin-engine plane. Blattner, 40, was en route back to Los Angeles after
        74 words
      • 66 36 CARACAS The state-owned oil company Petroleos de Venezuela exported an average of 1.98 million barrels a day of petroleum products and crude during the first half of 1992, a Caracas newspaper reported. The petroleum giant exported some 1.38 million barrels of crude a day at an average
        66 words
    • 1354 36  -  Kelang Container Terminal, Malaysia's premier port operator, is not resting on its laurels, chief executive Abdul Samad Mohammed tells Rahita Elias Rahita Elias ABDUL Samad Mohammed, chief executive of Kelang Container Terminal, is a man with a mission. He aims to ensure that the port operator,
      1,354 words
    • 833 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
      833 words
    • 9958 44 This is a list of ships loading at Singapore for ports around the world. It tabulates, b> 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
      9,958 words
    • 3319 49 A xm.B( Containerline NV: Bclsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (Pk/PN). 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 Sen- Air Sen ice: Frata Shpg Pte
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    • 260 49 Abacus Couriers Tel: 545-8011. Fax: *****98. Air Lxpress Intel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844 Fax: *****16. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-Link international Tel: 344-3377. Fax: *****50. Cluster Link Supplies Services Tel:
      260 words
    • 1464 49 Abex Lxpress Freight Tel: 542-7171. Fxx: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Lxpress Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Air
      1,464 words
    • 3319 50 ALBANIA Durres: Six v essels in port of which I discharging milk powder. 1 bulk wheat, I fertiliser. I loading coal. I milk powder. 1 ferrochorome. ARGENTINA No report available. AUSTRALIA Queensland-Abbot Point: Coal: 2 vessels due by 8 Oct; 1 day delay expected. Hay Point: Coal: 2
      3,319 words
    • 554 50 ARRIVALS DEPARTURES Op Hight Type ETA I from ()p Flight T>pe LTD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK SI A SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I LUX/DXB
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    • 834 50 SHIP SALES TANKER RATES VESSELS ON OFFER Bulk Carriers Jostelle: 122.971 dwt and built April 1975 Nordseewerkc; completed discharging grain Jeddah Nov 2-5. Inviting outright offers after inspection basis charter-free delivery end 1992/ early 1993. Endeavor 122,971 dwt and built October 1975 Nordseewerkc; as per sis-ter-ship above. Tamar: 65,419 dwt
      834 words
    • 479 50 CRUISE FERRY SCHEDULES CRUISE SHIPS Art Pep Name of Vessel ETA L ID Ports of Calls Port Agent telephone No NOVEMBER 03 06 Nadczhda 0800 2130 Sin-Vladivostok S pore Soviet Shipping 535-2333 05 05 Ocean Pearl 0800 2000 World Cruise Inchecapc Shpg Svcs 222-4411 06 07 Azcrbaydshan 1700 2300 Sin-Fremantle
      479 words
    • SHIPS IN PORT
      • 611 51 Vessel Voy No Berth Amvi Departure Vessel Voy No Berth Arrival Departue Jurong Port Angiang 2 10/92 P03 0511/0700 0511/2300 Kremen 01 J2/3 alongside 0511/2300 April Gl 30C/92 P08A 04 11/2200 0511/0600 Sea Ace 14/92 11 alongside 0511/0/00 April Gl 30C/92 P09B 05 11/0600 0511/1900 SPX XI
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      • 222 51 I n fijur a Dai*4 iOOOfC rOTi Berth: 1: ni; 2: nil; 3: nil; 4: 30 Agutos; 5; Barge Munar 11; 6; Bunga Penaga. 01 jetty: nil. DCJ: Poemi Symphony. Due on Nov 4: Asrf 11, Wan Hat 202, Uni Modest, Addriyah. Due on Nov 5: Warembungan, Sembawang,
        222 words
      • 1522 51 DELIVERY OF FCl IMPORT CONTAINERS IN PROGRESS SNp Voy Wo Contanm iwfctte Ship Voy Wo Containers nitotote Dragon Bram 53S 03.1192 0940 Kap Kozlovsk 35E92 COO(EST) 04.11.92 1830 Uvesba 61MF92 03.11.92 0955 Shenton 06W COO(EST) 0411.92 1500 SI Express 182E 03.11.92 1005 New Oasis 45/155 COO(EST) 0411.92 1500
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    • 697 52 1 PACIFIC freight rates in the class were again •steadier while the Atlantie saw a slight softening on ample supply, dry cargo brokers > said on Tuesday. The Baltic Freight Index (BF1) gained one point to 1,114, reflecting steady to I lower Atlantic runs and most- ly higher
      697 words
    • 468 52 Nov 5: The Role of the P I in the Singapore Harbour Craft and Coastal Markets. Luncheon talk organised by Singapore National Shipping Association at the WTC Club. I For further information and I registration, please contact > SNSA at tel: 278-3464 or fax: v 274-5079. Nov 10
      468 words
    • 461 54 AP WASHINGTON The US National Transportation Safety Board (NTSB) on Tuesday urged more frequent and rigorous safety inspections "to reassure the continued airworthiness of the Boeing 747 fleet". A majority of the global airways' wide-bodied jetliners are 7475. Tuesday's recommendation came
      AP  -  461 words
    • 242 54 UPI JAKARTA General Motors of the US announced on Tuesday it intended to form a joint venture with Indonesian company, PT Garmak Motor Ltd, to manufacture and assemble light commercial vehicles and passengers cars. Brownfield, managing director of General Motors Indonesia and H
      UPI  -  242 words
    • 353 54  -  By Dexter Lee SINGAPORE SM Motors Ptc Ltd, the distributor of Swedish-made Volvo cars in Singapore, has invested $32 million in a new office-showroom-workshop complex in Alexandra Road. Called SM Motors Centre, the complex stands on the former site of the Hock Lee
      353 words
    • 303 54 Bloomberg HOUSTON Apache Corp has offered US$67 million (S$ 108.5 million) in cash for Shell Oil Co's controlling interest in two natural gas properties in the Gulf of Mexico. Shell Offshore Inc, a Shell subsidiary, owns 92.6 per cent of two
      Bloomberg  -  303 words
    • 228 54  -  By Dexter Lee SINGAPORE Eva Airways. the airline arm of Taiwanese conglomerate Evergreen, has taken delivery of its first Boeing 747-400 aircraft. The aircraft, the first of eight 8747-400s EVA ordered, took off from the Boeing Co's private Paine Airfield in Everett. Washington,
      228 words
    • 202 54 Reuter SCHAUMBURG, Illinois Santa Fe Pacific Corp unit Santa Fe Railway reached definitive agreements with southern California transportation agencies that will acquire certain interest in 544 km of rail lines and additional property. Under the pact. Santa Fe will be paid US$5OO
      Reuter  -  202 words
    • 196 54 Reuter BIRMINGHAM. England, The aluminium industry has high hopes carmakers will provide significant demand growth opportunities for secondary metal usage. Nick Mason of Commodities Research Unit (CRU) said. By the year 2001 shipments of secondary aluminium to the US car sector are seen rising
      Reuter  -  196 words
  • Page 35 Advertisements
    • 18 35 Port Klang's smooth operator, Page 2 US safety panel calls for more checks on jumbo jets, Back Page
      18 words
    • 21 35 Lla«s and MrvkM rapmnM M«mb«rs «f Um Registry of AccrwMM asaßfe"" 1 for advertising enquiries, contact Shipping Times. Tel 740- 2089/740-2090.
      21 words
    • 113 35 the FAMOUS Dn <b »WJMfJtk ■iMIII.'I* 224 1833 For more information please refer to Pg. 13 i': J I I > r:" ■?'>- ;2s-v <.. v v t, f i-:■ J. a--;-■ I v" v'• -jj r:' I S' V 1 SOME OF OUR TOP TALENTS ARE OVERSEAS. BRING THEM
      113 words

  • Page 36 Advertisements
    • 82 36 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional lode at successful small firms and the people
      82 words

  • Page 37 Advertisements
    • 4026 37 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES «I|■#* TEL: *****11 FAX: *****09 AII!WW BOOKINGS TEL: *****34 *****58/ *****40 ■iiiif M CFS (PSA F5) TEL: *****21/ *****79 PDOUUU rl PEBAKA JARDINE SHIPPING AGENCIEB 80N. BHD. L \SSSf A MB M PORT KELANG TEL: *****18 FAX: *****91 *****88 ClMffl HAIU n.. Q
      4,026 words
    • 1397 37 WEEKLY DIRECT CALL TO NAGOYA AXEL MAERSK V.9216 ETA SIN 9/11/92 ETA NAGOYA 19/11/92 VMM Voy ETA ETD FmMt by DESTINATIONS ThM Marcher Maarafc 9210 cv H>/ii oaoo has CFS 9/11 2359 HRS JOH LPK PEN OAK LGB MOO MEM ATI MIA CHS BAL PHI. NYC MOM TOR MARCHEN MAERSK
      1,397 words

  • Page 38 Advertisements
    • 1355 38 R'DAM/ VOY NO S PORE JEPDAH S HAMTON H'BURG ANT LE HARVE HQQ TOKIO EXPRESS 08/144 6/11 21/11 24/11 22/11 1. AU NCSTVOM) LEVERKUSEN EXPRESS 09/344 7/11 17/11 25/11 28/11 29/11 2/12 PORT KEUWt ft fOWMG KITANO 16/145 12/11 28/11 1/12 29/11 CM6O TO UK/CONTB«m THAMES 14/345 14/11 24/11 2/12
      1,355 words
    • 462 38 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul tor all services C.1.5.-Vostochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam o Mongolia Hungary CSFR Poland ocwans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Ve«»el ITA StN VILLE DE VENUS 06/ n VILLE DE NEPTUNE
      462 words
    • 1487 38 1 Eaiiiaaii sw REGULAR INDEPENDENT FULL CONTAINER SERVICE I" VBL/VOY SIN ALQ BCL* HAM FEL LHA I NORASIA SUN 9236-3 10/11 2/12 3/12 t/12 9/12 10/12 12/12 12/12 13/12. I NOR ASIA PEARL 9237-3 16/11 OS/12 10/12 12/12 13/12 14/12 15/12 15/12 16/12 JAPAN SEA 238* 23/11 14/12 16/12 20/12
      1,487 words

  • Page 39 Advertisements
    • 1987 39 |W m STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CARGO MX SAIS I 111 I|M 88'tfi[WMUMlf 11 Vi\»ll]tj RAJAH BROOKE V2OE Murj. Lib 05 06 Nov 06 No* 07 No* KRIS MADURA VI IE KK. Skin. Taw 06 07
      1,987 words
    • 1722 39 SINGAPORE AGENT: HwtfH IJfii/i p Containers (Singapore Agencies) Pte Ltd M 43L\ VjlVllLcllllVl 3 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Te) 225 2233 Telex RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number **********0Z EXPORT IMPORT VESSEL VOY *PWO °PKQ SIN ALO SOU AHT ROT HAM VESSEL
      1,722 words

  • Page 40 Advertisements
    • 668 40 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL VOY STOW ROAM ADAM H'BUtG BREMEN ANTOW MATUAM 33W 2-6/12 3/1 7/1 12/1 15/1 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subpct to lnduc«m«nt. Alto accepting cargo to Caeablanca, Port Swd. Port Alexandria, Genoa. Trieste. ALSO ACCEPTING CONVENTIONAL CARGO VIA
      668 words
    • 1553 40 0 HANJIN SHIPPING FOR VSI SM LME HAUL IGB OAK FM Wl SUK HNA SAV LM NYC HANJIN KAOHSIUNG 0101 7/11 H. OAKLAW 019€ 29/11 2/12 HANJIN CHEAJ 088E 9/11 H BUSAN 125E 4/12 5/12 20/12 HANJIN BREMEN 005E 15 11 (NRECI 612 9/12 Hi KNANGTANG 095E 16 11 H
      1,553 words
    • 1236 40 Inu SSP KM HKS UC rus Wl 0» NtT SM2 TTO LAI CHS tAI NYC LHV AM* ROM ll* *G KO CMB Kl SfiT I lOMCHM2 1/11 tart lt/U U/ll 14/1114/11 17/11 IJ/U 2t/ll 21/11 21/11 4/1214/12 M/ 12 It/12 21/12 29/12 »/12 U/12 2/1 12/1 22/1 2S/1 Vl\ M
      1,236 words

  • Page 41 Advertisements
    • 1857 41 ACE: 'NEPTUNE ZIRCON 23 W ETA SGP 07/TI/92, H 11 W II LEH 23/11/92, FLX 24/11/92, RDM 26/11/92, H fcStl SINGAPORE CALIFORNIA EXPRESS (SCX) I iliiPitfW* IiSAjffIJWfrPOIMTS I TQ CALIFORNIA INLAND PCHNTS-ATLANTIC VIA VLB J t/ FEEDER VSL VOY SGP MOTHER VSL VOY SET PLD MIN/ VESSEL VOY SGP LOS
      1,857 words
    • 1210 41 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 EASTBOUND—DISCHAHONG WESTBOUND-LOADWC TRANSHfTED VIA ROTTERDAM
      1,210 words

  • Page 42 Advertisements
    • 1736 42 KW AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) V V WT\ TEL *****77 TELEX KAWAKIRS23I6S FAX: *****07/^9 ■m. M MALAYSIA: "K* LINE MARITIME (MALAYSIA) SON BHD i JBL Mta m*JL JL 4 TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T.
      1,736 words
    • 1139 42 PHI LI-ORI€NT LI MS PTC LTD VlOB Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 ©5# BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION I riLkAMamimn-i 8 NOV SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 8
      1,139 words

  • Page 43 Advertisements
    • 1082 43 PACIFIC INTERNATIONAL LINES (PTE) LTD AIHb 140 Cecil Street, #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E I JAKARTA ~l I BANGKOK 1 VOY SIN JKT «N ™*SL t v S? 7", J", SHISAMUT (THAI FLAG) SRS42N «/11 11/11 15/11 BUNOA TERATAI 453 10/11 13/11 17/11 KOTA BINTANG
      1,082 words
    • 926 43 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p|p GUOANGI PENANG PKELANG I OCEAN ya/VOY SIN SOU (1) RTM (2) HAM (3) GOT (4) 6/11 6/1J 7/11 BEN ALDER 2442 10/11 27/11 29/11 30/11 2/12 B 13/11 13/11 14/11 TOYAMA 2452 17/11 4/J2 6/J2 7/12 9/12 0 20/11 20/11 21/11 AROSIA
      926 words
    • 842 43 «BSA° TR AN SPO RTATION M MYANMA pßfe FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIf Pen P.Gdf PAGAN VIBBW In Pi HPA-AN VIB4N 17/21 No« PAGAN VlB9# 24/26 No. NIGERIAN NATIONAL M SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJE V.50 SPORE 26 Nov Lagos 19
      842 words



  • Page 46 Advertisements
    • 2483 46 Full Container Liner Services Malaysia's Agents: Indonesia's Agents: j General Agents: Booking Agents: Guan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd P.T. Global Putra Indonesia Maritime Costar Shipping Pte Ltd Shipping Freight Booking Cttrtrt Mr Bhd 58 Persiaran Ra/a Muda Musa Lot 3.34, 3rd Floor. Jl IR H
      2,483 words
    • 286 46 SAMUOBU MOONCSU (S) PTE LTD 15 McCALLUM STREET »03-01/02 NATWEST CENTRE Singapore 0106 Tatax: R*****0 Tat *****01-3 Fax: 225 4839, *****36 FOR BOOKINGS CALL DIRECT UNE TEL: *****41/*****43 SIN/JAK SERVICE VESSEL VOY SIN JAK MERKUR DELTA 946 IN PT 08/11 (SUN) PELOPOR 1053 07/11 (SAT) 10/11 (TUE) MAJESTY 915 07/11
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  • Page 47 Advertisements
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  • Page 48 Advertisements
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  • Page 51 Advertisements
    • 112 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 id relevant book reviews. (j L y ENTERPRISE MANAGEMENT, in Business Times every Monday, is must /•Wli &y> V-^ reading for managers who want the
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  • Page 52 Advertisements
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  • Page 52 Miscellaneous
    • 469 52 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1100 1900 2000 2100 2200 2300 JR 12 1 1 1 1 1.1 1.3 16 18 20 22 2.1 20 18 16 1.4 14 14 15
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  • Page 53 Advertisements
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  • Page 54 Advertisements
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