The Business Times, 6 November 1992

Microfilm: NL18510
Total Pages: 56
1 56 The Business Times
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  • Title Section
    Masthead
    16 1 Business Times THE BUSINESS PAPER EOR S-E ASIA MITA (P) 35/12/91 Friday, November 6, 1992 75*
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  • NEWS SUMMARY
    • Article
      Thai team to study action against Khmer Rouge
      71 1 BANGKOK A Thai parliamentary eommittee will travel to its common border with Cambodia to investigate the possibility of sealing the frontier to pressure Khmer Rouge guerillas into abiding by Cambodia's peace settlement. Thailand's new government said recently that it would abide by
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    • Article
      Italian plane maker to move office to Manila
      63 1 MANILA The Italian aircraft maker Agusta will transfer its regional product support office from Singapore to Manila, a company official said yesterday. The Manila office will direct the maintenance and repair of Agusta S-211 jets and two-seat S-260 turboprop trainer planes sold
      63 words
    • Article
      Power struggle risks
      36 1 MALAYSIAN Deputy Prime Minister Abdul Ghafar Baba yesterday warned members of the country's ruling United Malays National Organisation that intense jockeying for top positions could threaten the stability of the party. Page 2
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    • Article
      Daewoo cometh
      30 1 THE highly competitive motor trade will get more competitive next week when Daewoo Motor, the automotive arm of South Korea's Daewoo conglomerate, makes its debut here Page 2
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    • Article
      Progress' bitter pill
      29 1 PRESIDENT Fidel Ramos yesterday said the Philippines must swallow bitter economic medicine if it wants to become a "tiger economy" by the year 2000 Page 10
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    • Article
      Manoeuvres postponed
      19 1 BRITAIN has temporarily postponed a military exercise in Hongkong because of strained relations with China. Page 15
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    • Article
      The word is green
      24 1 A LANDMARK programme to improve Asia's environment and sell more US 'green' products overseas is picking up speed Page 16
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    • Article
      At long last
      29 1 THE International Federation of Freight Forwarders Associations' regional secretariat is primed to make its longawaited move from Bombay to Singapore next year Shipping Times Page 1
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  • MARKET SUMMARY
    • Article
      Dow higher
      34 1 WALL STREET opened slightly higher yesterday after plunging nearly 30 points the day before. The Dow Jones Index of 30 leading industrials rose 1.6 points to 3,224.64 five minutes after trading began.
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    • Article
      Footsie higher
      23 1 LONDON share prices were higher at midday yesterday. At 1300 GMT, the FTSE 100-Share Index was up 12.4 points at 2,704.1.
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    • Article
      Nomura's latest
      33 1 A NEW FAMILY of unit trusts launched by Japan's biggest stockbroking group. Nomura Securities, hopes to raise US$5O million for investments in Asian equities, global bonds and short-term deposits Page 4
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    • Article
      Record dividend
      26 1 LEADING British fund manager Templeton, Galbraith Hansbergcr Ltd will pay a record US$B5 million interim dividend to shareholders of its Asia Fund Page 4
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    • Article
      Sounds good
      32 1 HONGKONG TELECOM yesterday expressed satisfaction with its 16 per cent interim earnings growth and said China's explosive telecommunications development carried "huge potential" for further increases in telephone traffic Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 674.35 -2.05 Kuala Lumpur ...660.35 +1.02 Tokyo 17.031.59 -33.61 Hongkong 6,347.77 +22.4 Sydney 1,432.3 +1.2 Wednesday Change New York 3.223.04 -29.44 London 2,691.7 -13.9
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.6270 100 Yen SS 1.3238 MS SS 0.6468 Money market rates Overnight 7/8 +1/4 3-month 1-11/16% -1/16
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    • Article
      COMMODITIES
      35 1 London Gold AM fix USSS337.45 US$0.55 Rubber S'pore Nov 144.00'/kg +1.00 M'sia Nov 222.50»/kg +0.50 KL Tin Turnover 45tonnes -5 Spot MS14.35 /kg +0.15 Crude palm oil Turnover l,8521ots -102 Dec MS927 /tonne -5
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  • Article
    Clinton assures markets and business of stability
    579 1 President-elect vows to focus like a laser beam on US economy Compiled by staff from agency reports WASHINGTON After an election whose results rang with a cry for change. Presi-dent-elect Bill Clinton has sought to reassure the world and the financial markets that
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  • Article
    US prepares to slap tariffs on EC at risk of trade war
    424 1 Compiled by staff from agency reports GENEVA The US was ready to announce punitive tariffs against luxury imports from the European Community yesterday at the risk of sparking off a trade war that could set back world trade
    424 words
  • Article
    Lock icon Major wins vote on European union by razor-thin margin
    384 1 Reuter LONDON Prime Minister John Major reasserted control over his Conservative Party on Wednesday, narrowly winning a parliamentary vote on European union that was seen as a key test of his leadership. The prime minister, whose authority had been damaged by
    Reuter  -  384 words
  • Article, Illustration
    Excise tax plan for Thai massage joints
    182 1 BANGKOK Luxury goods and services, including those provided by massage parlours and night clubs, could attract excise tax under a plan being considered by the Thai government. The director-general of the Excise Department. Supachai Pisitvanit, was quoted by the Bangkok Post as saying
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  • Article, Illustration
    Prices of private houses, flats continue steady climb
    377 1  -  By Colin Tan SINGAPORE Priccs of private houses and flats continued to climb in the third quarter of this year, the latest figures show. The overall rise for the quarter was 3.9 per cent, against 4.2 per cent in the first quarter
    377 words
  • Article
    Asian markets mostly firmer
    255 1 SINGAPORE Asian stock markets, with the exception of Singapore and Tokyo, closed mostly higher yesterday continuing several days of strong gains. In the currency market, the greenback came under selling pressure in Asia ahead of the release of the US job data for October today. In
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      142 1 u,\> cvs Aircraft Schedule 35 KLSE 27 Unit Trusts 26 Commodities 34 Lifestyle 23 Weather 35 Company News 4,7.8 Money Changer Rates 35 World News 16,17 Cryptic Crossword 35 Money Market 33 Editorial 12 Regional News 10,15 Financial News 9 Regional Stock Markets 31 Business Times address Times Futures Options
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      Page 1 Advertisements Column 2
      18 1 More reports on Pg 3 Editorial: You did fine, George, Pg 18 Hopeful about Clinton's presidency, Pg 19
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      Page 1 Advertisements Column 3
      7 1 Major's fortunes fast spiralling down, Pg 17
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      82 1 W 1 V PUCCINI MADF IN 11 Alt Soie Age>it WONG BROTHERS SHOE TEL: 2833 M 3 Hock Lock Siew: The days of making a killing from new stocks arc over, Pg 4 Who will Dr Mahathir Mohamad pick as his successor? Pg 18 The future of Asean-EC trade, Pg
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  • PAGE 2 NEWS
    • Article, Illustration
      Don't let power play hurt Umno: Ghafar
      301 2  -  Run-up to the Umno annual general assembly From Leslie Lopez in KUALA LUMPUR MALAYSIAN Deputy Prime Minister Abdul Ghafar Baba yesterday warned members of the country's ruling United Malays National Organisation (Umno) that intense jockeying for top positions could threaten the stability of
      301 words
    • Article
      Lock icon Party urged to help boost Malay entrepreneurship
      239 2 Bernama KUALA LUMPUR Urnno deputy president Ghafar Baba wants the party to make stronger efforts to boost the position of Malay entrepreneurs to ensure balanced economic development. He said this should be done at all levels to create as many successful Malay entrepreneurs
      Bernama  -  239 words
    • Article
      PSA to be consultant to Italian port of Voltri
      213 2 SINGAPORE The Port of Singapore Authority (PSA) will provide consultancy services and on-the-job training to personnel of the port of Voltri in Italy. One of its key tasks will be to help develop automation for Voltri Container Terminal. That should lead
      213 words
    • Article
      Another Korean car to make debut here next week
      381 2  -  By Christopher Tan SINGAPORE The highly competitive motor trade will get more competitive next week when Daewoo Motor, the automotive arm of South Korea's Daewoo conglomerate, makes its debut here. The new kid on the block is represented by Starsauto, a
      381 words
    • Article
      Matsushita second MNC recognised for contributions to S'pore
      210 2  -  From Chuang Peck Ming in OSAKA MATSUSHITA Electric Industries has become the second multinational company to have its contributions to Singapore's economic development recognised by the Singapore government. In a simple ceremony here last night, Deputy Prime Minister Lee Hsien Loong presented
      210 words
    • Article
      Lock icon Foreign policy challenge for Clinton
      702 3 The 42nd President of the United States of America After avoiding them during election campaign, the president-elect must face pressing issues Reuter WASHINGTON After virtually ignoring foreign policy for the past six months, the US and President-elect Bill Clinton have some tough foreign challenges and
      Reuter  -  702 words
    • Article, Illustration
      Vietnam urges Clinton to cooperate to normalise relations
      332 3  -  By Harish Mehta SINGAPORE Vietnam, which has faced a United States trade embargo for 18 years, yesterday urged Presi-dent-elect Bill Clinton to continue to cooperate with it to normalise relations. A spokesman for the Vietnamese Foreign Affairs Ministry in Hanoi said: "We
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    • Article
      Lock icon Business leaders, dons tipped for economic posts
      288 3 AFP, Reuter WASHINGTON US President-elect Bill Clinton has a long list of candidates for his principal economic posts, including investors, business leaders and professors wanting a shot in a Democratic administration to reshape America's future. Overall, there are 16 Cabinet posts and 8,500
      AFP,; Reuter  -  288 words
    • Article
      Lock icon Asians win at least five races
      419 3 AP WASHINGTON Asian Americans won at least five of the record eight House and Senate seats they contested in the US general election on Tuesday. Two races were lost and one was too close to call. Jay Kim of California became the first Korean-born
      AP  -  419 words
    • Article
      Lock icon China says it's willing to work with new president
      249 3 Reuter, AFP BEIJING China yesterday said it is willing to work with US President-Elect Bill Clinton to try to iron out differences and improve relations. President Yang Shangkun, Vice-President Wang Zhen and Premier Li Peng each sent messages of congratulations to
      Reuter,; AFP  -  249 words
    • Article
      Lock icon Strong pressure for change in first 100 days
      545 3 Reuter LITTLE ROCK. Arkansas For US President-elcct Bill Clinton, now begins the hard part. After months of outlining ambitious plans to revitalise the US. he must use his high political capital to make as many changes as possible in his first 100
      Reuter  -  545 words
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      50 2 What's up, Doc? Pg 18 Umno: Bush, political unity and economic strength. Bottom Line, Back Pg v«v' j®s4ill ~s^kr%>j, i- MV* H ~v fc ;H gjgM M > v »3fe o* --^isO m' s <i^#ll-'-'-■*$ff^^plA&l¥#i^ S'V V- ,-i A'*>v As»is»^»»sa«a»::ji^^g^K^fefeai,i^iB»aiM A\ i\ 1\ A I. 1 €T jT, /„Mk jiffe
      50 words
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      204 3 F R SALE X RUM CORPS RESORr^ WINDSOR, SYDNEY, AUSTRALIA Excellent Cashflow, High Yielding Opportunity 79 Rooms, 4 star standard 9 Hole Golf Course Ist class conference facilities, two restaurants 2 bars 1 hour from Sydney CBD 23 hectares of lush countryside Indoor heated swimming pool, sauna, spa, billiard room,
      204 words
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • Article
        KL service extended to general investors
        38 4 KUALA LUMPUR K.LSE Chilong Systems Sdn Bhd yesterday extended its Realtime Analysis Stock Information Service to general investors after having first introduced the system exclusively to stockbroking firms about a year ago.
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      • Article
        General Corp profit up 1pc
        63 4 KUALA LUMPUR General Corporation Bhd yesterday announced a one per cent increase in its group pre-tax profit to M 57.86 million (555.11 million) for the six months ended July 31, 1992, up from M 57.78 million in the previous corresponding period. Group turnover fell by
        63 words
      • Article
        M Credit appoints new directors
        67 4 SINGAPORE Malayan Credit Ltd has appointed Low Siow Whatt and Abdul Rashid bin Abdul Manaff as directors. Mr Low is also director of Squire Mech Pte Ltd and RSP Holdings Pte Ltd. Mr Abdul Rashid also sits on the boards of Cold Storage (Malaysia) Bhd
        67 words
      • Article
        UOL unit buys more UIC shares
        74 4 SINGAPORE UOL Equity Investments Pte Ltd, a subsidiary of United Overseas Land, has acquired yet more United Industrial Corporation (UIC) shares. Yesterday, the company bought 293,000 UIC shares at 95 cents apiece. Its stake has increased from 81.54 million shares or 7.2 per cent
        74 words
    • Article
      New Nomura fund targets US$50m for Asian equities
      387 4  -  Manager upbeat about HK market From Catherine Ong in HONGKONG A NEW FAMILY of unit trusts launched by Japan's biggest stockbroking group, Nomura Securities, hopes to raise US$5O million (5581.5 million) for investments in Asian equities, global bonds and short-term deposits. The
      387 words
    • Article
      SIA denies it is selling four Boeing aircraft
      269 4  -  By Dexter Lee SINGAPORE Singapore Airlines has denied a foreign news agency report that it is close to selling its four Boeing 747-200 aircraft. Agence France-Presse (AFP) said yesterday the carrier was negotiating with two "Asian buyers" on the sale of the
      269 words
    • Article, Illustration
      Lock icon Tenaga in talks on rates for private power supply
      289 4 Bernama SUBANG The Economic Planning Unit (EPU) in the Malaysian Prime Minister's Department is negotiating with Tenaga Nasional Berhad on the rates for buying power from YTL Corporation Bhd the country's first independent power producer. The Energy, Telecommunications and Posts Minister,
      Bernama  -  289 words
    • Article
      Templeton to pay record US$85m interim dividend
      304 4  -  By Dawn Tan SINGAPORE Leading British fund manager Templeton, Galbraith Hansberger Ltd (TGH) will pay a record US$B5 million (S$ 138.3 million) interim dividend to shareholders of its Asia Fund. Announcing its earnings for the six months to August 1992, the group said
      304 words
    • Article
      Inno-Pac must get banks to agree to proposal: adviser
      354 4  -  By William Chia SINGAPORE The independent adviser to loan stockholders in Inno-Pacific Holdings Ltd has insisted that all creditor banks agree to the company's repayment plan for it to be acceptable. Coopers Lybrand said yesterday it was important that note issuance
      354 words
    • Article
      Lock icon M'sian merchant bankers hope for amendment to law
      340 4 Bernama KUALA LUMPUR The local merchant banking fraternity hopes that the new Section 132G of the Companies (Amendment) (No. 2) Act 1992 would be amended during the current session of Parliament, the executive director of Bumiputra Merchant Bankers Bhd said yesterday. Yap
      Bernama  -  340 words
    • Article
      The days of making a killing from new stocks appear over
      583 4  -  THE HOCK LOCK SIEW COLUMN By Conrad Raj WHAT A contrast! While Courts Singapore's recent offering received a dismal 85 per cent response from investors, the initial public offering (IPO) of ShangriLa (M) in Kuala Lumpur was oversubscribed nearly
      583 words
    • Article
      Lock icon HK Telecom happy with 16pc higher profits
      401 7 Huge potential for growth seen in booming China traffic Reuter HONGKONG Hongkong Telecom yesterday expressed satisfaction with its 16 per cent interim earnings growth and said China's explosive telecommunications development carries "huge potential" for further increases in telephone traffic. But chief executive Michael
      Reuter  -  401 words
    • Article
      Lock icon Magnum going back to basics for success
      238 7 Reuter AUCKLAND Magnum Corp Ltd, the New Zealand brewer that lost its way in the investment frenzy of the 1980s, is taking a more sober approach in the 1990s with a new Australian chief executive and a back-to-basics strategy. "I can now assure
      Reuter  -  238 words
    • Article
      Lock icon Lower bonuses this year at Japanese electronics firms
      206 7 NYT [OKYO Reflecting poor corporate performances during the economic slowdown in Japan, four major consumer electronics manufacturers will offer their employees smaller Winter bonuses than those given out last year. The final offer from management is to be made on Nov 5.
      NYT  -  206 words
    • COMPANY BRIEFS
      • Article
        National Semicon teams up with Matsushita
        64 7 SANTA CLARA, California National Semiconductor announced on Wednesday a long-term partnership with the Matsushita group which includes the manufacturing and sale of integrated circuits. Under the agreement, National Semiconductor will manufacture, assemble or test integrated circuits for use and sale by Matsushita group, while
        64 words
      • Article
        HK Land in Trafalgar move
        63 7 LONDON Hongkong Land, the Jardine Mathesoncontrolled Hongkong property company, on Wednesday signalled its intention to keep up the pressure on Trafalgar House when it said it had an option to take its stake above 20 per cent. Hongkong Land said an investment house had entered
        63 words
      • Article
        HK firm to renovate old Beijing
        63 7 BEIJING A Hongkong company plans to renovate 12.5 hectares in a section of old Beijing, the official Xinhua News Agency reported yesterday. Junefield Industrial Co Ltd formed a joint venture with the Beijing Xuanwu Urban Construction Co on Wednesday to construct 350,000 sq m
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    • Article
      Lock icon News Corp's profits up 82pc in first quarter
      185 7 Reuter SYDNEY Rupert Murdoch's international media group. News Corporation, announced an 82 per cent rise in first-quarter profits yesterday as almost all its operations around the world produced gains. But analysts say the result was helped more by lower interest costs and
      Reuter  -  185 words
    • COMPANY BRIEFS
      • Article
        Compaq expects fourth quarter to be the best
        75 8 NEW YORK Compaq Computer Corp said that while a eontinuing component shortage may dampen the company's fourth quarter revenues, it still expects the fourth quarter of 1992 to be its strongest quarter. The company shipped a record number of personal computers in
        75 words
      • Article
        Church's gets new owners
        89 8 NEW YORK Church's Fried Chicken and Popeyes Fried Chicken chains have emerged from bankruptcy under new ownership by a group of lenders, attorneys for the lenders said. Lenders led by Canadian Imperial Bank of Commerce have assumed control of A 1 Copeland Enterprises Inc pursuant to
        89 words
      • Article
        Continental-Pirelli talks stall
        59 8 HANOVER, Germany Continental AG said shareholding talks with Pirelli Spa of Italy have broken down. But a Continental source said the talks will be resumed next year. "The door for contact between Pirelli and Continental is open." Pirelli owns 5 per cent of Continental's share capital and
        59 words
      • Article
        BAT lifts profits by 56pc
        101 8 LONDON BAT Industries, the tobacco and financial services company, on Wednesday announced that profits rose 56 per cent in the nine months to Sep 30, helped by strong worldwide cigarette sales and a turnaround from loss to profit in general insurance. Pre-tax profits rose from
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      • Article
        BSN eyes Perrier unit: paper
        90 8 PARIS French food group BSN is in talks to buy Verdome, a glass-making unit of Source Perrier SA, daily La Tribune said. BSN was unavailable for comment. On Tuesday, shares in Verdome were suspended on the Lyon bourse pending a statement. Verdome, which had turnover
        90 words
      • Article
        Maxwell pensioners want help
        72 8 LONDON Angry former employees of the late publisher Robert Maxwell marched on Parliament on Wednesday to demand that the government get their stolen retirement savings back. The pensioners, many of whom lost their only incomes when Maxwell's empire collapsed with his death one year ago, said
        72 words
    • Article
      Lock icon China's ambitious plans to list enterprises abroad may backfire
      493 8 Reuter HONGKONG Chinas enthusiasm to list its enterprises on Hongkong's stock market, and even on Wall Street, risks undermining its own already troubled share markets, analysts and investment bankers say. While many regulatory and accountancy problems still have to be sorted
      Reuter  -  493 words
    • Article
      Lock icon AT&T to buy 33pc stake in US cellular firm
      273 8 Reuter NEW YORK American Telephone and Telegraph Co has made good on its promise to become a leader in wireless communications by striking a deal to buy 33 per cent of the largest US cellular company for US$3.B billion (556.2 billion).
      Reuter  -  273 words
    • Article, Illustration
      Lock icon Foreign tobacco firms set to expand production in Turkey
      263 8 Reuter ISTANBUL International tobacco companies are lighting up to the idea of manufacturing in Turkey some of the world's top brands of blended cigarettes. They are being wooed by a Turkish government concerned that money spent abroad to satisfy a mounting
      Reuter  -  263 words
    • Article
      Lock icon Philips to stop PC sales in some European countries
      255 8 FT LONDON Philips, the Dutch electronics group, is to stop selling personal computers (PCs) to consumers in Britain, Scandinavia, Ireland and Greece, marking a further retreat from the highly competitive sector. The company, scheduled to release third-quarter results yesterday, said on
      FT  -  255 words
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      1016 4 I IN THE MARKET PAGES KL shares edge higher 27 •HK prices hit record high 30 SNNPKMO IJMsK ISTITUTO BANCARIO SAN PAOLO DI TORINO Head Office: Turin, Italy. Singapore Branch: 20 Collyer Quay, #14-01/02, Tung Centre, Singapore 0104. Consolidated Balance Sheet Consolidated Statement of Income As of December 31, 1991
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      161 5 Fuku ok a Ba I i SEE WHERE WE'VE BEEN UP AND down TO LATELY. Since 2 7 October, we at Thai have been busy flying uf> and down our new destinations Our fast expanding network now includes Fukuoka, western Japan 's most modern metropolis, which we fly to every
      161 words
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      165 6 BY ARRANGEMENT WITH LUSHINGTON ENTERTAINMENTS PTE LTD TIBOR RUDAS presents si *m& v WITH THE SINGAPORE SYMPHONY ORCHESTRA CONDUCTOR: LEONE MAGIERA SINGAPORE INDOOR STADIUM SUNDAY, 17 January 1993 at 7.30pm Part of the proceeds of the charity tickets will be in aid of National Arts Council CO-SPONSORS: the philip morris
      165 words
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      71 7 IMPOSING I just one of its many substantial advantages For Sale by Tender An imposing presence and high visibility. NLA 8463 sq.m. approx. Excellent strategic location in western zone of the Sydney CBD Major tenants include Endeavour Credit Union, Workcover Authority and International Air Transport Association Tender Reserve $18.5 mill
      71 words
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      Page 7 Advertisements Column 2
      385 7 < j -Cv WARRANTIES 9-YEAR WARRANTY WITH UNLIMITED MILEAGE" Motor Ultima guarantees to pwldi miintintnci Mid npiif on owy movbi| IB w _'_j y3 A ii4t #%4 r> L Mia pin ov your muw ttw qt vniiyo. 3-YEAR PAINTWORK WARRANTY UL fra Anill'o WaJlm Vlolllt\Af/\f4r ywUi wrat wVoy p®wiiWwtß rfffaeti
      385 words
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      176 8 ETUC 131(6 the ,eacl change all to expansion you are in the that with just a watering-can. best position to cultivate. For IANAGEMENT 00 one By providing the right than you do that talent needs EXERCISE environment for the workforce tending. Or that a company to maximise its own potential.
      176 words
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  • FINANCIAL NEWS
    • Article
      Jakarta bankers laud new capital requirements
      399 9  -  Small, weak operators will be weeded out, they say From Maggie Ford in JAKARTA JAKARTA bankers say new rules issued by the Indonesian Central Bank will strengthen the industry and weed out small, weak operators. The rules, effective last Friday, raise the minimum paid-up
      399 words
    • Article, Illustration
      Insurers seen losing control of their main business
      425 9  -  By Soh Tiang Keng Singapore insurance companies have lost control of their main business of underwriting to intermediaries because of the pressure of competition and attractive returns from investment markets, John Dowling, a director of Eagle Star Insurance in London, said yesterday.
      425 words
    • Article
      Lock icon EC warns banks to improve cross-country money transfers
      212 9 AFP BRUSSELS The European Community has warned that it might legislate next year to force banks to improve their system of crossborder payments if they continued to delay reforms. The EC's executive European Commission released a study on Wednesday showing that, on
      AFP  -  212 words
    • Article
      Lock icon Fed approves rule for foreign banks
      269 9 Reuter WASHINGTON The Federal Reserve Board has unanimously approved a final rule requiring foreign banks to have strong domestic regulation before they can get permission to operate in the United States. The rule puts into place a law Congress passed last December following the
      Reuter  -  269 words
    • Article
      US firm aims to double market share in Singapore
      336 9  -  By Shoeb Kagda SINGAPORE John Hancock International Holdings Inc, a subsidiary of the giant American company John Hancock Financial Services, aims to double its market share in Singapore and the region over the next five years. The company, which sells life
      336 words
    • Article, Illustration
      Lock icon Australian bank clinches BNZ takeover
      365 9 Reuter WELLINGTON National Australia Bank said yesterday it had acquired 90 per cent of shares in the state-controlled Bank of New Zealand (BNZ), clinching a takeover and ending a rear-guard action by opponents to the deal. The Australian bank said it had bought 90.27 per
      Reuter  -  365 words
    • SMALL CHANGE
      • Article
        Westpac forced to revise dividend
        99 9 SYDNEY Australia's Westpac Banking Corp was embarrassingly forced yesterday to announce that its flagged dividend for the past financial year could be cut by up to 50 per cent after finding an unpaid tax bill. Westpac said its final dividend for the year to Sep
        99 words
      • Article
        Lyon steps up bid for new bank
        90 9 LONDON The French city of Lyon stepped up its lobby in London to become the site of the proposed new European Central Bank (ECB). Michel Noir, the mayor of Lyon and a French deputy (Member of Parliament) said his delegation would meet officials
        90 words
      • Article
        Moody's warning for banks
        65 9 NEW YORK The US Federal Deposit Insurance Corp's closure of First City Bancorp of Texas shows the perceived policy that certain banks are "too big to fail" is mistaken and could pressure bank credit ratings, Moody's Investors Service said. In a report, the ratings agency said
        65 words
      • Article
        Committee urges higher rates
        95 9 CANBERRA An Australian parliamentary banking committee is recommending that banks pay interest based on the daily balance rather than the monthly in bank accounts. The committee also said a new code of banking practice currently being drafted by the Treasury should impose specific requirements on banks
        95 words
      • Article
        Hungary drops BZW as adviser
        75 9 BUDAPEST Hungary's privatisation agency said on Wednesday that it had sacked Britain's Barclays de Zoete Wedd Ltd (BZW) as privatisation adviser to a state brewery, alleging that the financial services group had disregarded instructions on how to sell the company. State Property Agency (SPA) director
        75 words
      • Article
        Boesky defends himself
        104 9 DALLAS Former Wall Street arbitrageur Ivan Boesky told a Dallas courtroom on Tuesday that he could not remember receiving confidential information about the 1983 hostile takeover of Natomas Co, nor could he recall why his firm bought and sold millions of Natomas shares in 1983. Boesky defended
        104 words
    • Article
      Lock icon Aussie banks urged to sharpen competition
      201 9 Reuter CANBERRA Australia's banks, accused of charging excessive interest rates to regular borrowers to cover bad loans to 1980s speculators, came under more pressure yesterday to sharpen competition in the industry. The report of a parliamentary inquiry into the banking system told banks they
      Reuter  -  201 words
    • Article
      Lock icon India scraps lock-in on global depository receipts
      289 9 Reuter BOMBAY India has scrapped a two-year lock-in on global depository receipts (GDRs) sold in the Euroissue share market by Indian companies raising capital abroad. Official sources said yesterday that the lock-in barred overseas investors from selling GDRs in India for two years.
      Reuter  -  289 words
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      130 9 mustbTsold LUXURY BOUTIQUE FIJI ISLAND RESORT Yasawa Island Lodge is one of the South Pacific's most exclusive and idyllic resorts Set on a simply breathtaking island, Yasawa composes bore style accommodation, central complex (reception, restaurant, bar), pool, tennis and water sports and licensed airstrip. Only 30 minutes from Nodi International
      130 words
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      41 9 CARPET AUCTION 100 carpets and rugs from Persia, Pakistan and Afghanistan. All carpets are backed by a full trade-in guarantee at our showroom. Auctioneer: Presenter: LEE BOON CHUAY PETER HEDGER 24A/26 Lorong Mambong (Holland Village Back Area) Singapore 1027 Tel: *****28
      41 words
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  • THE REGION 1
    • NOTE BOOK
      • Article
        US lawyers to speed up M'sian depositions
        91 10 BOSTON A US judge on Wednesday ordered prosecutors to work faster ia taking depositions from Malaysian tourists who have been jailed for two weeks while authorities investigate whether their group leader tried to smuggle two of them into the country. The group of
        91 words
      • Article
        HK industrial output up
        81 10 HONGKONG Hongkong's index of industrial production climbed 3.3 per cent in the second quarter of 1992 over the same period last year, census and statistics department data showed. The index was up 18.9 per cent over the last quarter, although the rise was seen as largely
        81 words
      • Article, Illustration
        Royal visit to temple
        44 10 PULGUK, South Korea Princess Diana speaking to the head monk on arrival at Pulguk-Sa Temple yesterday. The Prince and Princess of Wales visited the temple in the southern part of South Korea on their final day of their four-day visit.
        44 words
      • Article
        Indonesia hails KL's move
        69 10 JAKARTA Indonesia welcomes Malaysia's decision to reduce or abolish soon import duties on 600 items in support of the implementation of the Asean Free Trade Area (Afta), Minister of Trade Ariffin Siregar said yesterday. Malaysia announced last Friday that it would slash or abolish import duties
        69 words
      • Article
        Asean fears external pressures
        77 10 KUALA LUMPUR Asean is concerned by the increasing attempts by international trade organisations to pressure developing countries to comply with rigid International Labour Organisation (ILO) standards, Malaysia's Human Resources Ministry secretary-general Anthony Yeo said on Wednesday. The attempts were a manifestation of a new form of
        77 words
    • Article
      Thai textile industry seen at crossroads
      370 10 BANGKOK Thailand's textile and clothing industry is at a watershed of adjustments to cope with the local market and changing world situation, says a Bangkok Post report. The rapid increase in the number of yarn and fibre manufacturers was likely to push local supply
      370 words
    • Article, Illustration
      Lock icon Philippines must gear up for painful cure: Ramos
      443 10 Reuter MANILA President Fidel Ramos yesterday said the Philippines must swallow bitter economic medicine if it wants to become a "tiger economy" by the year 2000. He told development officials that flat economic growth last year had forced the government to use
      Reuter  -  443 words
    • Article
      Lock icon Manila asking Tokyo to boost Asean fund
      188 10 AFP MANILA The Philippines has asked the Japanese government to increase its US$2 billion (553.2 billion) fund earmarked for members of the Association of South-east Asian Nations. Trade and Industry officials said here yesterday. A bigger Asean-Japan Development Fund would address the additional
      AFP  -  188 words
    • Article, Illustration
      Lock icon M'sia slams Austrian stand on timber imports
      304 10 KL lodges protest on behalf of Asean at Gatt meeting AFP GENEVA Malaysia protested on behalf of Asean countries on Wednesday to the Gatt Council here over a new requirement by Austria that tropical timber imports should carry information on forest conservation policy
      AFP  -  304 words
    • Article
      Lock icon UK postpones military exercise in Hongkong
      368 15 AFP HONGKONG Britain has [temporarily postponed a military exercise in Hongkong because of strained relations !with China, a spokesman for J British forces said. J The command exercise, which reports said was to postulate an "incursion" from China, was to have been held next
      AFP  -  368 words
    • Article
      Lock icon Indonesia expects stable level of foreign investment this year
      292 15 Reuter, AFP JAKARTA Despite a •slump in foreign investment !in the first 10 months of *****, Indonesia is optimistic 'that by year's end the level i will match that of 1991, a senior official said yesterday. "It is hoped that by
      Reuter,; AFP  -  292 words
    • Article
      Lock icon Myanmar troops clash with Thais in Thailand
      349 15 Reuter MAE SOT, Thailand J Myanmar troops pursuing J ethnic guerillas clashed with i Thai forces inside Thailand yesterday, an army source on J the border said. A Myanmar unit chasing S Karen guerillas exchanged fire with Thai soldiers at Ban i Mai
      Reuter  -  349 words
    • Article, Illustration
      Lock icon Cambodia demands UN sanctions on Khmer Rouge guerillas
      346 15 Reuter PHNOM PENH The Phnom Penh government demanded on Wednesday that the UN Security Council impose sanctions on Khmer Rouge guerillas for their refusal to honour Cambodia's peace agreement. Foreign Minister Hor Namhong accused the guerillas of taking advantage of last year's
      Reuter  -  346 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      746 10 BUSINESS TIMES Toll free Tel No 737 0043 Fax No: 734 3698 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I.KwekAiJong of Blk 581, Ang Mo K» Avenue 3, #02-3155, Singapore 2056, have applied for a Second Class Public House licence in respect of premises at M/s River Inn Restaurant
      746 words
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      Page 10 Advertisements Column 2
      94 10 Corrigendum Re: Liquor Licence Notice in Dm Business Times on S Nov., 1992 David Reginald Ellis Broedtey The licence applied for should read as First Class Public House and not as published. Don't v/ 4 J miss I FIVE I Hr Your day may I be over But C just
      94 words
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      Page 10 Advertisements Column 3
      325 10 A scan fears EC will become too Eurocentric, Pg 19 BUSINESS T 1 M E S Toll free Tel No 737 0043 Fax No: 734 3608 INVESTMENT COUNSELLOR NEW ZEALAND HIGH COMMISSION, SINGAPORE Applications are invited for the position of Investment Counsellor at the New Zealand High Commission, Singapore. The
      325 words
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      238 12 The evolution of Macintosh takes another 3 steps forward. I At Apple Computer, we recognise that as people's work habits evolve, our computers must evolve in tandem. You can see proof of this "evolutionary process" in the new Macintosh computers. Each one of them designed to meet both your present
      238 words
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      361 13 2. Macintosh Duo System. i. The best of Macintosh Now you don't have to buy a notebook computer and a desktop H computer to get the best of both worlds. j>, j I The Macintosh Duo System is a powerful notebook computer that H BVB I can easily transform into
      361 words
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      225 14 The easiest way to test drive the new Macintosh computers. You can check out the power of the new Macintosh computers at any Authorised Apple Reseller or Apple Retailer. So come and test drive a new Macintosh and see how Macintosh computers continue to help improve the way people work.
      225 words
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      29 15 fe I itw fJr- mi iff///rj*£g»*«ii&^ t*M m mm |UK K fI^HR A st JBbs& W !//UH w\ ***************1 IH £H M I I^HHm IHBi 7/jv//^^^^^^HH &&Skj/tonL PARIS <Z>
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      Page 15 Advertisements Column 2
      225 15 BEFORE IT GETS LONELY AT THE TOP, ON TOP OFFERS THE SAVER'S KIT If life at the top is not doing very The Saver's Kit. Your lifeline from much for your hair, there's something you the ON TOP ADVANCED THERAPY candoaboutit.lntroducing SYSTEM. Exactly what more than ten the Saver's Kit.
      225 words
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  • THE WORLD 1
    • Article
      Lock icon US green programme ready for big push in Asia
      525 16 Reuter SINGAPORE A landmark programme to improve Asia's environment and sell more US "green" products overseas is picking up speed, its director said yesterday. The US-Asia Environmental Partnership (USAEP), announced by President George Bush on a visit here in January, aims
      Reuter  -  525 words
    • Article
      Japanese firms in US say Nafta mil affect their investment plans
      574 16 TOKYO More than 60 per cent of Japanese companies operating in the US believe the North America Free Trade Agreement increases Mexico's appeal as an investment site, the Nikkei Weekly reported last week citing a recent survey by Nihon
      574 words
    • WORLD WATCH
      • Article
        Central Asian states ask Russian troops to stay
        73 16 ALMA-ATA, Kazakhstan The Central Asian states and' Kazakhstan asked Russia on Wednesday to keep its troops in war-torn Tajikistan and called on Commonwealth troops to reinforce the Tajik-Afghan border. The appeal was contained in a five-point statement released after a meeting in
        73 words
      • Article
        Tourists welcome at Aussie blast
        83 16 BEIJING Looking to boost tourism to new heights, China's government is inviting foreign travellers to witness the launching of an Australian satellite next month. Billed as "A Trip to Grandeur", the state-run China International Sports Travel Co has been authorised to arrange a tour of
        83 words
      • Article, Illustration
        IMF expands board membership
        48 16 WASHINGTON Michael Camdessus (right), managing director of the International Monetary Fund, greets newlyelected executive board members Konstantin Kagalovsky (centre) of Russia and Daniel Kaeser of Switzerland. The board is being enlarged by two members to reflect the large increase in IMF membership since 1990.
        48 words
      • Article
        Belgium ratifies Maastricht
        61 16 BRUSSELS The Senate approved the Maastricht Treaty on European union on Wednesday, making Belgium the sixth European Community state to approve the ECs drive for single foreign, defence and monetary policies. Belgium's Upper House of Parliament voted 115-to-26 with one abstention to endorse the treaty. The House
        61 words
      • Article
        Berne warns of more austerity
        69 16 BERNE Finance Minister Otto Stich, presenting the government's 1994-96 financial plan yesterday, warned more austerity was needed to control the federal budget deficit. Last month, Mr Stich said that, despite a first package of spending cuts and revenue-boosting measures passed by Parliament in September, the
        69 words
      • Article
        Bosnian war crimes panel meet
        63 16 UNITED NATIONS The UN war crimes commission for the Balkans opened its first meeting on Wednesday to discuss how to investigate reports of atrocities in Bosnia and other states. "We have lots and lots of documentation and we have to sort it out and look
        63 words
    • Article
      Lock icon Fed survey reveals slow and uneven US economic growth
      630 17 Reuter WASHINGTON The US economy is growing slowly and unevenly, with California in particularly bad shape, according to the latest cross-country survey by Federal Reserve System banks published on Wednesday. Defence industry layoffs continue to wrack the West Coast, driving down
      Reuter  -  630 words
    • Article
      Lock icon China reforms won't cause oil crisis: analysts
      391 17 Reuter SINGAPORE Chinas shift to a market economy is unlikely to plunge its energy market, the world's third biggest, into the chaos and confusion that followed similar moves by the former Soviet Union, oil analysts say. But China's "New Revolution" will almost certainly
      Reuter  -  391 words
    • Article
      Lock icon Major's fortunes fast spiralling down
      524 17 Slim win in European treaty vote seen as reprieve, not turnaround AP LONDON Six months ago, John Major was being hailed as a politician for a new generation. But since then, the fortunes of 49-year-old Mr Major have plummeted into a spiral of muddles, mistakes
      AP  -  524 words
    • Article
      Lock icon Delors sees Dutch PM as right successor
      354 17 FT BRUSSELS The European Commission's president, Jacques Delors, has taken the ijnusual step of naming the prime minister of the Netherlands, Ruud Lubbers, as his preferred successor, two years before he is due to leave office. Speaking in a Dutch radio interview on
      FT  -  354 words
    • Article, Illustration
      Remembering the fallen
      55 17 LONDON War veteran Christopher CotterelL, who served in Korea, arranging a memorial plot at Westminster Abbey honouring soldiers from the King's Shropshire Light Infantry unit who died in World War 11. He was among the many Britons across the country who observed Remembrance Day on Wednesday in
      55 words
    • Article
      Lock icon France approves blood bank Bill after scandal
      210 17 Reuter PARIS A beleaguered French government tried on Wednesday to end a spreading scandal over Aids-tainted blood transfusions by approving a Bill to regulate blood banks and moving to allow ministers to face justice. Seeking to restore public confidence in transfusions after some
      Reuter  -  210 words
    • Article, Illustration
      Lock icon Yeltsin canvassing for possible new PM: aide
      475 17 Reformist Yegor Gaidar may have to be replaced Reuter MOSCOW Russian President Boris Yeltsin is canvassing for a possible replacement prime minister in case hardline pressure forces him to drop Yegor Gaidar later this month, a senior aide said on Wednesday. Mr Yeltsin
      Reuter  -  475 words
  • Page 16 Advertisements
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      298 16 The Maserati Shamal accelerates from 0 to Craftsmen lavish their skills and time over 100 km/h in an incredible 5.3 seconds. perhaps the most sumptuous interior of any car. It develops an equally impressive maximum Seats and dashboard are covered in the finest torque of 432 Nm at 3000 rpm.
      298 words
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      114 16 CONGRATULATIONS to the five lucky secretaries who have won a double return ticket each to Bangkok in our recent Thai Bosses' Day draw. Ms. Lim Poh Ting l/C No: *****90/H Ms. Stephanie Chong I/C No: *****51/Z Ms. Annie Lee I/C No: *****19/G Ms. June Ho I/C No: *****03/E Ms. Mary
      114 words
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      201 17 INVESTMENT Sydney, Australia i OUTSTANDING RESIDENTIAL |Mjj OPPORTUNITY The ONLY residential development site II giff IMMEDIATE development into the: c£s C S3" 4 55p 941 leve residential tower to contain .p* P v 296 apartments superb vtews 3» afr" a Development approval granted q II •In the heart of Sydney's
      201 words
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  • Article
    You did fine, George
    468 18 EDITORIAL CLEARLY, President George Bush was never comfortable with the mud-sling-ing that marked and marred the closing weeks of his re-election bid. When it was all over, after the last campaign volley had been fired, the true George Bush reemerged, kinder, gentler. His generous concession speech
    468 words
  • WHAT THE OTHERS SAY
    • Article
      Next Everest for Clinton
      276 18 FOR the American people who have rejected Mr George Bush so tellingly, placing their faith in an untested southern governor in Tuesday's election was a searing indictment of how detached they thought a patrician president had become. Against the disenchantment and drift of the Bush years
      276 words
    • Article
      Landslide victory
      103 18 THE very convincing victory of president-elect Bill Clinton, clearly indicates that Americans want concrete changes to improve their livelihood. Now with both the presidency and Congress controlled by the Democrats, it is hoped that the US would make remarkable strides, not only in resolving domestic economic problems but
      103 words
    • Article
      US foreign policy
      115 18 THE immediate concern sparked off by Mr Bill Clinton's victory is whether there will be changes in US foreign policy. During the election campaign, Mr Clinton did not make very clear what his foreign policy would be. But immediate and major adjustments are not expected. More important,
      115 words
  • REGIONAL VIEWPOINTS
    • Article
      The onslaught of TV
      142 18 NEARLY 30 years ago, the phrase "global village" was coined to describe how the electronics revolution was shrinking the world and shortening the time elapsing between thought and action. Ever since, we have witnessed how small a size the world could shrink to under the onslaught
      142 words
    • Article
      Talent required
      175 18 CONTROVERSIAL he may be, but even the governor's increasingly vocal band of critics cannot complain about his work-rate. Since arriving in July, Mr Chris Patten has set a cracking pace, as if his huge salary was based on productivity payments. The tempo was stepped up to new heights
      175 words
    • Article
      Job well done, PollWatch
      162 18 THE general feeling at the Poll Watch conference over the weekend was that the independent election monitoring commission had completed a job well done, particularly during the Sep 13 general election. There is little doubt that Poll Watch 1 which monitored the March 22 election and
      162 words
  • Article
    What's up, Doc?
    1220 18  -  As Umno kicks off its annual general assembly today, one issue uppermost on the delegates' minds is: who will Dr Mahathir Mohamad pick as his successor? BT Correspondent Leslie Lopez reports from Kuala Lumpur Leslie Lopez WHEN Malaysian Prime Minister Mahathir Mohamad addresses his ruling United Malays
    1,220 words
  • Page 18 Advertisements
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      172 18 r->HHSBigfc -4M >w. I^-^^HI^H ST MICHAEL HAMPER SERVICE This Christmas, present your friends and relatives with our traditional pre-packed hampers or hampers of your own selection. Choose from St Michael's exclusive range of festive food such as Rich Fruit Cakes, Mince Pies, Chocolates, Biscuit Assortments, Wine and Champagne, Attractive Toiletries,
      172 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      43 18 POONESBURY GARRY TRUDEAU r L UJOUCKXJ A9SUMB THE &OOPSIE? MXJJMY I SHCPtPNT l|U I STEP OUT OF FOSTVON, H_ SIP' HOWS CHARACTER I UJO/WNG I SHOW. B.P. I i I KNOW. ~IH& V&UCL3, PUPPY--0 WB&6, lA6AINJRNP I HAPTOIAK3 I L <**" ™TZm6 PUASt.Vf* WSECW
      43 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Hopeful about Clinton's presidency
      1519 19 Although America's executives have usually rooted for a Republican, most are optimistic about the business outlook NYT THOUGH they have traditionally favoured Republican presidents and policies, the nation's business, economic and finance leaders look to a future with the Democrat Bill Clinton as president by showing
      NYT  -  1,519 words
    • Article
      Asean fears EC will become too Eurocentric
      710 19  -  A 1 Labita looks at the concern about the future of Asean-EC trade after both regional groupings form common markets next year Al Labita The writer is a Manila-based journalist who contributed this article to BT A SEAN-EUROPEAN Community (EC) trade has been
      710 words
  • Page 19 Advertisements
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      113 19 0 I B I U»l> 11W f IliSi [Tifl'll f ■W-u E» 3£ZtS -mpu:- •'v y -a*.->• c 7- '^#»t AAA LwJlB 1 RIGHT HERE ■|HB|b waiting for you. \J\ JI^HH Wherever you go, returning to an Omni Hotel always a H[ experience. Because staff have the to type an
      113 words
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  • SPORTS 1
    • Article, Illustration
      Lock icon Fischer, Spassky draw Game 29
      666 20 NYT NEW YORK Bobby Fischer and Boris Spassky agreed to a draw on Wednesday after Spassky had coun-ter-attacked ingeniously with one of his favourite defences and Fischer had fought his way out of trouble by slipping into an ending that he survived with precision play.
      NYT  -  666 words
    • Article, Illustration
      Lock icon Couples, Love hope to make dream come true
      543 20 AP MADRID Another American "Dream Team" invaded Spain on Wednesday, but it won't be nearly as easy for golfers Fred Couples and Davis Love 111 to fly home with the World Cup of Golf title as it was for the NBA AllStars
      AP  -  543 words
    • SIDE LINES
      • Article
        Blood tests to start at Winter Olympics
        86 20 ACAPULCO, Mexico International Olympic Committee president Juan Antonio Samaranch has confirmed that blood tests for drugs would be implemented at the 1994 Winter Games in Lillehammer, Norway. "We needed scientific and legal guarantees before going ahead with this procedure," he said on Wednesday
        86 words
      • Article
        Martin brothers to clash
        80 20 KIEL, Germany Australia's Rodney and Brett Martin, thje most successful brothers in squash for more than 30 years, moved closer to a new confrontation at the European Open on Wednesday. Brett Martin, the world number five and elder of the two, reached the last 16 by
        80 words
      • Article
        Springboks impress
        105 20 LEICESTER, England South Africa produced three superb second half tries to run out convincing 32-9 winners over a Midlands XV in their first match on English turf in 22 years here on Wednesday. Naas Botha, summoned into the team on the morning of the match when his understudy
        105 words
      • Article
        Golf for Atlanta Olympics
        67 20 ACAPULCO, Mexico Golf is only a swing away from being included in the programme for the 1996 Atlanta Olympics. The hazards have been sign-posted and the bunkers cleared ever since Atlanta said it wanted to stage golf in addition to the 25 sports agreed with the
        67 words
      • Article
        Mansell set for fiery finish
        116 20 ADELAIDE Briton Nigel Mansell says the "gloves will be off" in Sunday's Australian Grand Prix, when he plans to end his Formula One motor racing career on a winning note after 12 years at the top. Mansell, who has already clinched the world drivers' championship
        116 words
    • Article, Illustration
      Lock icon Missing Magic moments
      716 21 Balance of power shifts in NBA competition AP NEW YORK Magic Johnson's surprise second retirement will shuffle the balance oT power in the NBA when its 47th season opens with 11 games tonight. With Johnson back, some believed the Los Angeles Lakers would return to title contention,
      AP  -  716 words
    • Article, Illustration
      Lock icon Spectacular Leconte leads victory charge
      380 21 Paris Open AFP PARIS Spectacular Henri Leconte led the victory charge as seeded players were scattered on the third day of the US$2.l million (553.3 million) Paris Open on Wednesday. The unpredictable 29-year-old Frenchman stoked up the passions of an unashamedly partisan 12,000 crowd inside
      AFP  -  380 words
  • Page 20 Advertisements
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      64 20 non-stop to anywhere makes sense to fly there with Indonesia's C Garuda Indonesia has more flights than anyone From Singapore there are five* t non-stop flights every day to i *ii&* Jakarta. There are daily non-stop s flights to Denpasar* and Medan. g As well as three non-stop flights a
      64 words
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  • Page 21 Advertisements
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      94 21 ir Yon iiren'i Scdrine Nell, Have Your Bill Examined. Then after, examine ours. In particular, our golf balls in the Altus Extra Velocity (EV) range. The EV3S. EV4O and EV4S are all specially designed for maximum flight. Just by matching the appropriate ball with your differing swing styles and head
      94 words
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      Page 21 Advertisements Column 2
      366 21 MAKE A SOLID INVESTMENT IN A SUPERIOR LIFESTYLE SFor a limited time, you have the opportunity to become part of one of Asia's most beautiful and exclusive golf retreats the Blue Canyon Country Club Phuket. othing enhances bunkers will bring out your personal pres- the best in your game, JM
      366 words
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  • Page 22 Advertisements
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      861 22 Nothing Beats A Bud-where to wine, dine RINO or rr— I II 11. *7cmc t pot Penang High Tea Gome and sample our revamped menu at Princess Terrace. It's extra delicious! iMwll Available every Saturday, Sunday and Public Holidays At only $11.80++ per adult and $6.80+ per child, The combined
      861 words
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      Page 22 Advertisements Column 2
      232 22 Our French Buffet is certainly a feast not only for the eyes. The Escargot Au Champignons, Coq Au Vin, Gateau St. Honore and other favourV tes w satisf y even *he most discerning of tastes. fv/ Q o\ cvi yj I o H||HMM|||hhhhh Weservethrworld to you at Top of the
      232 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      616 22 TELEVISION AND RADIO TliAiicon/1 fr* Anp ***** ZZ r^?s,™r roirb ?:S business ON RADIO— 1 IlOUiSdllU IU UIIC 5 !I2xs£Er ibyjl 245 CtoM J:S pan Business Today. ttt rr'" T ,w 7.05 mi. 1.300 m. 5.050 m. 1.05 am: •00 titans tn ttm Silh fSr- SBCS 10.00 World News (M).
      616 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Jimi Hendrix goes on the road again
      770 23  -  Mike Zwerin talks to Alan Douglas, who is setting up Jimi Hendrix exhibitions in five European cities to rekindle the memory of a rock superstar, who, if he were alive today, would be 50 years old on Nov 27 Mike Zwerin NYT JIMI
      NYT  -  770 words
    • Article, Illustration
      Jackson joins superstar, perfume sweepstakes
      634 23 CHATTERBOX MULTI-MILLIONAIRE pop star Michael Jackson has joined the superstar perfume sweepstakes, with part of the proceeds going to poor children. The perfumes "Legende de Michael Jackson" for men and "Mystique de Michael Jackson" for women will be available in time for the holiday season.
      634 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      223 23 AND ENTERTAIN The Ocean's Catch Our Seafood Buffet on Fridays are "fishy" affairs. Drop by for the freshest catch from the ocean Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00+ ANA HOTEL For reservations, plea*e call SINGAPORE 732-1222 extension 1700 *> Vgww ion I
      223 words
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      Page 23 Advertisements Column 2
      21 23 EFFECTIVE RECRUITMENT ADVERTISING. ITS ONLY A CALL AWAY... To advertise your Appointments or Notices, ca« toll-free 737-0043 I Imlmm Tiroes "j
      21 words
    • Advertisement
      Page 23 Advertisements Column 3
      69 23 Our customers feel that our fish head curry is superb! But as taste is subjective, we'll leave the final verdict to you. Let us I whet your appetite with our culinary skills. Reach for the mouthpiece and call 293 0413 for reservations. I LEAF RESTAURANT OPEN DAILY (including SUNDAYS 8c
      69 words
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      Page 23 Advertisements Column 4
      56 23 ffi^B^Pel«in^t^k!k_ H fl| Complimentary Birthday Fruits Crumb B H Sharks Fin W/Crab Meat Crystal Vermiceh W/Minced K H Maple Leaf Crispy Chicken Meat H H Duck Meat W/Lettuce Sweet Com W/Water H Bean Curd In Two Flavour Chestnut H I MAPLE LEAF Sze-Chuan Restaurant 390 Victoria Street #01-01/06 Golden Landmark
      56 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      STII drops as interest moves to M'sian shares
      3754 24  -  By Paul Leo WALL STREET'S decline following Bill Clinton's win in the US presidential election took its toll on the Singapore bourse yesterday. The benchmark Straits Times Industrials Index dropped 4.81 points to close at 1,416.65 as investors decided to take profits
      3,754 words
    • Article, Illustration
      Lock icon HOT STOCK
      75 24  -  By Paul Leo SINGAPORE Land Ltd climbed 31 cents to $3.86 currently from its historical low of $3.50 on Oct 22. The RSI and stochastics are neutral, indicating the climb is likely to continue. The nine-day moving average line on the daily chart has turned upwards, confirming this.
      SOURCE: BRIDGE INFO  -  75 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      51 24 taA ifl SINGAPORE: THE HOUR CLASS Lucky Plaza Td: *****2C/1 Scons Td: *****27/7198 Centiepoint Td: *****94*03 Peninsula Plaia Td: *****09/*****63 Pali's Renaissance Td: *****62/543 Raffles Td: *****41 World Trade Centre Success Chronograph Automatic Td: *****07 Changi Airport Terminal 1 (East West Wings) Td: *****69 A). Terminal 2 (South Wing) Td:
      51 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3294 25 C&C 645 <-10 1.6% DBS Foreign 1270 +10 +0.8% Semb Shipyard 780 +10 +1.3% UOB 660 +10 +15% Semb Ship Wt 271 +7 +2.7% City Dev 50* 370 +6 +1.6% Spore Land 386 +6 +1.6% OCBC F Rts 650 5 0.8% OUE 670 +5 +0.8%
    3,294 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      23 25 ROY EASTERN WATCH, #01-74 LUCKY PLAZA, #01-86/88 LUCKY PLAZA, #01-19 PARK MALL, TEL: 734 3139. DELUXE EASTERN WATCH, #01-18/20 CENTREPOINT, TEL: 235 2536.
      23 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 3
    3640 26 Gentings 50 1010 +50 +5.2% GIL USS0.10 150 28 23.0% Rothmans M 50 1 760 30 4.1% M Cement 50« 336 +22 +7.0% Rashid Hussain 152 +15 +10.9% Benaya Group 94 +12 +14.6% H Leong Ind 50« 655 +10 +1.6% Tech Resources 93 +9Vi +11.4%
    3,640 words
  • Page 26 Advertisements
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      762 26 BUSINESSinMES Toll free Tel No 737 0043 Fax No: 734 3698 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Mohamad Ali Bin Icksan of Blk 242, Bukit Panjang Ring Road, #08-171, Singapore 2367, have applied for a Retail Liquor Shop licence in respect of premises at M/s Cold Storage
      762 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Profit taking halts bull run, index at record high
      5561 27 Bernama PROFIT-TAKERS emerged in the afternoon to halt the bull run on the share market here and prices ended yesterday's active trading on a mixed note. The KLSE Composite Index fell back from the day's high of 664.20 at 12.30 pm
      Bernama  -  5,561 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      210 28 Company Date Year Croup Net Net earnings Gross ann to profit/loss per share dividend ('000) (cents) GK Goti Hldgs Nov 3 Jun 92 $8,582($10.107) 4.3(5.1) 10(10) Jaya Hldgs Nov 3 Jun 92 $7,093(18.573) ll.lW(-) 5TE(—) Scotts Hldgs Nov 3 Jun 92 $4.582($3,246) 2(1.7) 1.3( BMT Nov 2 Jun
      210 words
    • Article
      PRELIMINARY RESULTS
      108 28 Company Date Year Group Not Not earnings Gross ann to profit/loss per share dividend (•000) (cents) Faber Nov 2 Jun 92 MJ33,305(MJ32,435) 3.9(8.6) H Leong Credit Nov 2 Jun 92 MJ52,725(MJ38.978) 24.1(21.5) 9(9) Renong Nov 2 Jun 92 MJ111.549(MJ80,650) 7.7(5.6) Urophoenu Nov 2 Jul 92 MJ3.717(MJ8,609) 2.3(5.4) -(3)
      108 words
    • Article
      INTERIM RESULTS
      217 28 Company Date Half-year Group Nat Interim ann to profit/loss dividend C00«) Rothmans M Nov 2 Sep 92 MJ102,434(M$106.559) 60(50) Asia Pac Land Oct 29 Jul 92 M».321(M55,367) 2(2) Esse Oct 29 Jun 92 MJ37,500(MJ72.200) 20(20) Heua Oct 29 Jul 92 MJ1.136(M$83L) LKH Oct 27 Jul 92 J2.519(J3,105) Metroplex
      217 words
    • Article
      DIVIDENDS ANNOUNCED
      805 28 Current Ex Books Date Total tar Total lor paymont date doso payaMo tho yoar lad yoar 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%
      805 words
    • Article
      RESULTS FORECAST
      183 28 Mm Board Last M Year Forecast Date Net Net Pre* EPS ■d Year EPS Cms praCt lace Rage tmmm PerM bst jr (ets) (TIN) (SSa) (cts) SPH F Nov 8 Aug 92 62 6 25.0 153.810 166.5-177.4 67 8-72.8 Mam Pete F Nov 18 Dec 92 1 8
      183 words
    • Article
      OTHER RESULTS DUE
      664 28 Man Board Last Fri Ynr c<m~l P(fM Date 1m EPS Cms Net a—d eadfcg (ets) «t pnit tat year (SS'OH) EMS Final Nov 6 Jul 91 3.0TE 17,87a Kags Interim Sep 10 Dec 92 5.3 5.0 4.436 Qm M Interim Nov 4 Mar 93 40.8 15.0 9.848
      664 words
    • Article
      SUBSTANTIAL SHAREHOLDER/DIRECTOR TRANSACTIONS
      793 28 Trans Registered Substantial Buy/ Ne. of Amount Shar***** Stock Date Holder Shareholder/Director Sell shares Before After LH Securities 03/11/92 UOB Group B 110,000 88.200 43,303,200 43.70 43,413.200 43 80 03/11/92 U06 Lrte Assurance B 110.000 88,220 70,000 0.00 180,000 0 00 Ul Securities 03/11/92 1)06 life Assurance
      793 words
    • Article
      CORPORATE DEVELOPMENTS
      702 28 Nov 4 Scotts Hokfings Ltd has bought a 56-unit freehold serviced apartment building in central London for £11.8 million (5529.5 million). Pacific Can Investment Hokfings announced that it is selling its entire stake in Van Der Horst Ltd. Kay Hun James Capel Hokfings Ltd has increased the share
      702 words
    • Article
      APPROVED ISSUES
      367 28 Company Rights Issue Go#** GTS One fof one $0 23 pec share Ex-date: No« 26 Books dose: Dec 8 Acceptance Payment: NYA 0C8C One-tor five fe S3 00 per local share One-tor five fe, $4.19 per torogn share Ex-date: Oct 8 Boots close: Oct 20 Acceptance Payment Not
      367 words
    • Article
      PROPOSED ISSUES
      425 28 Company Rights Issue Aiance Tech Orator one fe $100 pet shaft Ami Sled Onetor three fe M$2 20 per share Issue of *****m 50% Cumulative Redeemable Preference shares of 10 sen each 1992/97 (CRPS) with up to *****m Transferable Subscription Rights (TSR) for an aggregate price of MSI
      425 words
    • Article
      COMPANY MEETINGS
      210 28 Heshe Hotdncs Ltd: AGM at #11-01 Tung Centre, 20 Coßyer Quay, Singapore 0104, on Friday, November 6, at 11.30 am First Capital Corporation Ltd: 16th AGM at #11-01 Tung Centre, 20 Cottyer Quay, Singapore 0104, on Friday, November 6, at 12.15pm Sine Darby Bhd: 14th AGM at the
      210 words
    • Article
      SCRIPLESS CONVERSIONS
      214 28 Conversion Special Trdg Ncnpiess Conversion deadline Period Trading Company starts (IDP) (ST) starts Bonvests Nov 9 Dec 3 Nov 23 Dec 3 Dec 4 Cerebos Oct 16 Nov 12 Nov 2 Nov 12 Nov 13 Chemical Ind Nov 9 Dec 3 Nov 23 Dec 3 Dec 4 CK
      214 words
    • Article
      RECORD HIGHS & LOWS
      140 28 RECORD HIGHS LOWS BT Composite Index industrials Index 1992 Nfh: 1316.68 (21/2/92) 1M2 Mr 1545.92 (27/1/92) 1992 low: 1122.50 (18/8/92) 1992 low 1310.95 (18/8/92) 1991 l*t 1333.08 (3/6/91) l991 1565.58 (3/6/91) 1991 low: 1022.52 (16/1/91) 1991 1U9.08 (16/1/91) 1990 N0t 1435.43 (16/7/90) 1990 1607.12 (27/3/90) 1990 tar 981.07 (09/11/90) 1990
      140 words
    • Article
      MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
      358 28 In local curr la S$ In US$ dy yr dy yr dy yr 4 Index chge chge chgt- ihgt ihgt chut World ....382.8 0.3 -6.2 0.0 -8.6 0.1 -8.6 wona 05 06 0.3 -14.0 0.4 -14.1 Eurooc"ZZ— 412.6 -0.5 0.3 -0.6 -9.1 -0.5 -9.1 Pacific
      358 words
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  • CHINA STOCK EXCHANGES
    • Article, Illustration
      Lock icon Markets close weaker in quiet trading
      421 29 CLSA SHANGHAI'S A and B markets were again quiet yesterday. The CLSA Shanghai A Index lost a further 41 points to close the day at 2,887.68. Activity was extremely thin with only 500,000 shares changing hands. The Shanghai B Index edged down 1.5 per
      CLSA  -  421 words
  • JAKARTA STOCK EXCHANGE
    • Article, Illustration
      Index edges up as surge in bank shares continues
      961 29 A SURGE in bank shares in the Jakarta Stock Exchange showed no sign of abating, brokers said, adding that it was bringing foreigners back to the market yesterday. The Composite Index ended at 304.54, up 0.01 points. Bank Bali rose 75
      961 words
  • STOCK EXCHANGE OF THAILAND
    • Article, Illustration
      Lock icon Prices close higher in third heaviest turnover
      2154 29 Reuter INVESTORS continued to r buy heavily banks, finance ,v and securities firms but they closed off intra-day highs yesterday,. Gains by the two groups boosted the index, although more shares fell than rose, brokers said. The SET Index rose 6.16 points, or
      Reuter; Source: Bridge Info  -  2,154 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      58 29 iimum in IUMUUIItf AMI II I I 111 I I 1 I II I I I 111 II I I Find out in I Ia I I HI I H I I IF I II I I VIII Personal Investment and Finance. II I I H I I H 111
      58 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks down as sentiment stays flat
      2571 30 Reuter TOKYO STOCKS closed modestly lower in thin, choppy trade yesterday. The Nikkei briefly broke positive ground in late afternoon, helped by public fund buying, but brokers said sentiment remained flat in the absence of any buying incentives and most investors stayed on the
      Reuter  -  2,571 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Shares hit record high in heavy trading
      2511 30 Reuter SHARES finished at a record high in heavy trading yesterday, but were well off the day's record on profit-taking. The blue-chip Hang Seng Index closed 22.40 points higher at 6,347.77, beating the previous record of 6,329.12 set on Oct 22, but was
      Reuter  -  2,511 words
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  • AUSTRALIAN STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close firmer but off day's highs
      2067 31 Reuter THE STOCK MARKET dipped in morning trade, before climbing in the afternoon and sputtering to close just stronger, but off its highs yesterday. Brokers said the pre-lunch sell-off was triggered by prof-it-taking after Wednesday's election of Bill Clinton as US president attracted
      Reuter; Source: Bridge Info  -  2,067 words
  • REGIONAL STOCK MARKETS
    • NZ shares ignore Dow to close firmer
      • Article
        NEW ZEALAND
        258 31 THE New Zealand share market ignored a 30-point fall on Wall Street to end higher yesterday, boosted by a return to favour of brewer Lion Nathan. The NZSE-40 Capital Index gained 8.90 points to 1,389.65 but turnover was light. Lion, which on Wednesday reported a net profit before
        258 words
      • Article
        MANILA
        563 31 MANILA'S stock market tailed Wall Street and closed lower yesterday after discounting Bill Clinton's poll victory to await his Cabinet appointments, bro- kers said. The Manila Stock Exchange Composite Index fell 5.91 points to 1,356.66. "The general sentiment is really not to sell aggressively but to stay on the
        563 words
      • Article
        TAIPEI
        531 31 TAIWAN stocks extended early gains to close sharply higher across the board yesterday in a rebound from recent losses, brokers said. The weighted index ended 87.36 points or 2.5 per cent higher at 3,593.41. Turnover remained thin but rose to NT$ 10.22 billion from Wednesday's NT56.92 billion. Sentiment was
        531 words
      • Article
        BOMBAY
        71 31 SHARE prices finished mixed on Wednesday after an early rally triggered wide-spread profit-taking, brokers said. They said the market was buoyed by Bill Clinton's landslide win in the US presidential elections but the upswing was checked when institutional investors turned sellers. The Bombay Stock Exchange Index peaked at 2,982.90,
        71 words
      • Article
        SEOUL
        775 31 A HECTIC buying spree centred on financial shares and the soon-to-be-lib-eralised Kepco pushed an active stock market up to a higher close yesterday despite profit-taking in big manufactur- ers, brokers said. The Composite Stock Index gained 12.31 points to 631.31. "Aggressive foreign interest in securities house shares attracted domestic
        775 words
      • Article
        INDICES & TURNOVER
        51 31 INDICES TURNOVER Owe No* 5 rTr*iou* NEW ZEALAND NZSE-40 Capital 1.389.65 1.380.75 +89 MANILA Composite Index Turnover (mil pesos) 1.356.66 235.4 1.362.57 143.19 -5.91 +92.21 TAIPEI Weighted Price Index Turnover (NTS billion) 3.593.41 10.22 3.506.05 6.92 +87.36 3.3 SEOUL Composite Stock Index Turnover (billion won) 631.31 771.83 619.00 +12.31 601.47
        51 words
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  • WORLD STOCK MARKETS
    • Dow Jones suffers post-election decline
      • Article, Illustration
        NEW YORK
        1266 32 BLUE CHIP stocks fell sharply on Wednesday in a post-election response to Bill Clinton's White House win, with investors nervous about the Democrat's plans to stimulate the economy. The Dow Jones Industrial Average closed down 29.44 points at 3,223.04. Volume topped 193 million shares on the New York
        1,266 words
      • Article, Illustration
        LONDON
        830 32 STOCKS suffered a moderate loss on Wednesday as investors concentrated on the key vote to take place in the House of Commons that evening on the European Community's Maastricht Treaty, operators said. The market was very nervous in narrow trading pending the vote, in which Prime Minister John Major's
        830 words
      • Article
        PARIS
        161 32 FRENCH Prime Minister Pierre Beregovoy's comment that there are more rate cuts to come buoyed shares to close sharply higher on Wednesday, dealers said. Stocks reversed the morning's light profit-taking as US futures opened higher in mid-afternoon. The push was reinforced by Mr Beregovoy's comments to Parliament. The CAC-40
        161 words
      • Article
        FRANKFURT
        194 32 A STEEP DROP in the shares of industrial giant Daimler-Benz led the whole market sharply lower in late trade on Wednesday. Coming against a background of mounting gloom on the German economy and fading chances of interest rate cuts, the downturn at Daimler which alone makes up a tenth
        194 words
      • Article
        AMSTERDAM
        381 32 A CLINTON VICTORY in the US election was rolled into shares prices here well ahead of the fact, so the market had a lethargic session on Wednesday, mainly dragged by a an expected dollar rise failing to materialise, dealers said. The EOE Index ended 2.10 down at 276.06. Most
        381 words
      • Article
        MILAN
        330 32 AFTER five sessions of gains, Italian share prices fell sharply on Wednesday under the weight of technically-inspired selling. With next Tuesday, the reference day for prices on the monthly call options, buyers were beginning to sell to reap profit ahead of the close of the November trade account, brokers
        330 words
      • Article
        ZURICH
        334 32 SWISS SHARES closed mixed to higher on Wednesday although they finished below the highs after profit-taking late in the session. Dealers said sentiment was buoyed partly by the firmer dollar but mainly by foreign orders for index heavyweights Roche and Nestle. Alusuisse gained on a favourable forecast it gave
        334 words
      • Article
        STOCKHOLM
        171 32 SHARES were pulled lower on Wednesday by profit-taking in moderate trade after the market had already discounted a US presidential election victory for Democrat Bill Clinton. The All-Share Index slipped 0.31 per cent to 724.91, and the Top-16 Index lost 0.17 per cent. Turnover was 413 million kronor. Ericsson
        171 words
      • Article
        TORONTO
        278 32 STOCKS ended sharply lower on Wednesday, shadowing declines on Wall Street and US bond prices as the market digested the impact of Bill Ginton's victory in the US presidential elections. The TSE-300 Composite Index ended down 16.84 to 3,344.8 on volume of 32.33 million shares valued at C 5325
        278 words
      • Article
        Untitled
        456 32 Nov 4 Close Prv«io«H NEW YORK Dow Jones 3,223.04 3.252.48 -29.44 SAP 500 417.11 419.92 -2.81 Turnover (million) 193 208 -15 LONDON FTSE 100 2.691.7 2.705.6 -13.9 Turnover (million) 503.8 584 -80.2 FRANKFURT DAX Index 1.472.69 1.485 -12.31 AMSTERDAM EOE Index 276.06 278.16 -2.10 PARIS CAC-40 1.804.07 1.786.93 +17.14 ZURICH
        456 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar boosted by talk of another ERM realignment
      1183 33 REPORTS THE US DOLLAR rose over 1/2 pfennig at the European midsession yesterday helped by renewed speculation that another ERM realignment could be on the way. Spanish Economy Minister Carlos Solchaga said another realignment would probably be needed before the year
      1,183 words
    • Article
      INTERBANK FOREX RATES
      399 33 Cross rates Nov 5 I USS SS MS Dm Yen SFr AS NZS USS 1.6255 2.5150 1.5680 122.70 0.6427 1.4010 1.4535 1.9102 SS 0.6152 1.5472 0.9646 75.4845 0.3954 0.8619 0.8942 1.1752 MS 0.3976 0.65 0.6235 48.7873 0.2555 0.5571 0.5779 0.7595 Dm 0.6378 1.0367 1.6040 78.25 0.4099 0.8935
      399 words
    • Article
      MONEY MARKET
      602 33 Interbank rates s$ ■i Offer Overnight 7/8 1-month 1 7/16 2-month 19/16 3-month 1 11/16 Overnight mode: 13/16 1 1 9/16 1 11/16 1 13/16 USS Bid Offer 7 days 1 month 2 months 3 months 6 months 9 months 12 months 3 3/16 3 3/16 3 9/16
      602 words
    • Article
      Lock icon Bond market awaits Clinton's move
      318 33 Reuter NEW YORK Presidentelect Bill Clinton can expect rough treatment in the US bond market in the next few weeks but if he plays his cards carefully he could forestall a longer-term rise in interest rates, analysts said. "I think people will find out that
      Reuter  -  318 words
    • Article
      FINANCIAL FUTURES
      1446 33 SIMEX EUMOOUAR Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96.35 96.36 96.34 96.36 3000 ***** ***** Mar 93 96 40 96.40 96.37 96.39 5000 ***** ***** Jun 93 95.93 95.94 95.90 95.92 3500 9558 ***** Sep 93 95.45 95.45 95.42 95> U 2000 4434 3467
      1,446 words
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  • COMMODITIES
    • Article
      Lock icon Oil refiners fear high cost of EC's green proposals
      336 34 Reuter AMSTERDAM Oil refiners may have to spend up to US$9O billion (S$ 146.2 billion) to meet a range of European Community environmental proposals, hitting their profits hard, oil industry executives were told on Wednesday. Refiners doubted whether such costs, more
      Reuter  -  336 words
    • Article
      Lock icon Doubts remain over LME aluminium alloy contract
      253 34 Reuter BIRMINGHAM, England Industry participants in the London Metal Exchange's (LME) aluminium alloy contract still have reservations one month after its launch. Many producers have registered their products with the LME as good delivery, but this does not mean that they are advocates
      Reuter  -  253 words
    • Article
      KL tin up 15 sen in steadier trading
      742 34 REPORTS THE TIN PRICE on the Kuala Lumpur Tin Market added IS sen to close at M$ 14.35 per kg in steadier trading yesterday. Dealers said the higher London Metal Exchange overnight helped spur some buying interest in the market. The LME
      742 words
  • Article
    PRICES
    1449 34 Rubber MS Commodity Exchange (futu ires dosing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) Buyers Sellers Close Volume Open As at 12 noon (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Dcc 92 140 50 141 50N Dcc 92 Jan 93 Feb 144.00
    1,449 words
  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1207 34 BUSINESS TIMES Toll free Tel No 737 0043 -Fax No: 734 3698 THE COMPANIES ACT. CHAPTER 50 SECTION 290(2)(b) Notice Of Resolution ALFA-LAVAL MARINE POWER (S) PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Alfa Laval Marine Power Pte Ltd held at 29 Gul Avenue. Singapore
      1,207 words
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      Page 34 Advertisements Column 2
      10 34 ARE YOU READY FOR THE BEST PROM EVER? 66 NOVEMBER
      10 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1299 35 City Flight ETA Fight ETD <Uw Dhabi GA890 2330 fcMaMt Qf81 1935 QF82 2050 1 SQ227 2230 Amsterdam KL837 1515 KL838 0040 1 SQ323 1815 SQ320 1100 GA890 2330 A thus SQ348 2300 Auckland N235 1425 BA11 1340 SQ288 2045 SQ285 2115 BA12 2200 NZ36 2235
    1,299 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Terraces and tremors
      712 35  -  POSTCARD FROM BANAUE SSJTSS By Mark Hodson THE TRIP to Banaue was by jeepney a brightly painted minibus converted from an old US troop carrier. We stopped three times on the way: once to buy breakfast, and twice at army checkpoints on mist-covered mountain tops. The road
      712 words
    • Article
      FOREIGN CURRENCY NOTE RATES
      151 35 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1134 1.1290 Canadian dollar 1.2915 1.3180 NZ dollar 0.8410 0.8580 Sterling pound 2.5198 2.5560 US dollar 1.6220 1.6290 Local dollars to 100 units of foreign currency Austrian schilling 14.58
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      75 35 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Nov 26Dec 7 Dakar International Fair Dakar. Senegal Centre lnternation Du Commerce Du 221/*****2 (fa*) Dec 26Jan 3. 1993 Valencia International Trade Fair Valencia Spain Feria Muestrario Internacional De Valencia *****6.11.00 Dec 7 Video Conference Systems The
      75 words
  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      32 35 What's theprice for a united Europe? Exactly the same when you fly to any one of Finnair's 35 European destinations. Check with your travel agent or call *****77 for more details. £/=7/MV/7//7
      32 words
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      Page 35 Advertisements Column 2
      7 35 Advertising Marketing in Business Times every Thursday
      7 words
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      Page 35 Advertisements Column 3
      205 35 BJJSINESSmnS Toll free Tel No: 737 0043 Fax No: 734 3698 P> PARKWAY HOLDINGS LTD 5530,000,000 Guaranteed Floating Rate Notes Due 1993 In accordance with the provisions of the Notes, notice is hereby given that for the three-month period from 6 November 1992 to 3 February 1993, the Notes will
      205 words
    • Advertisement
      Page 35 Advertisements Column 4
      317 35 IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER Of IZUMI CHEMICAL SINGAPORE PTE LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Minutes ol an Extraordinary General Meeting signed by the Repraaentative of Holding Company relating to proceedings of Subsidiary Company pursuant to Section 179(6) of
      317 words
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      Page 35 Advertisements Column 5
      293 35 IN THE MATTER OF THE COMPANIES ACT, CAP. St AND IN THE MATTER OF KAPAK DEVELOPMENT (S) PTE LTD (IN LIQUIDATION) (MEMBERS' VOLUNTARY WINDING UP) NOTICE IS HEREBY GIVEN that the creditors of the above Company which is being voluntarily wound up. are required on or before 7th December, 1992
      293 words
  • Page 35 Miscellaneous
    • Miscellaneous
      Page 35 Miscellaneous Column 1
      216 35 adjoining one African spokesman included in confront a nuclear bomb gs joins another in Maryland ***** I——L—J 1111 shunted (9) in in Belgium (5) 26 he s foolish to return book Grass planted in northern 24 Complain bitterly over j inscribed for Amin (5) Arkansas (4) storyteller (4) 27 Otherwise
      216 words
    • Miscellaneous
      Page 35 Miscellaneous Column 2
      167 35 Singapore Outlook: Showers over several areas in the late afternoon and early evening. Report: Maximum temperature 31.5 Assoc humidity 65% Minimum temperature 24.4 Assoc humidity 90% Hours of sunshine 7.40 Rainfall in mm 21.4 Rainfall this month 51.5 Rainy days this month 4 World report Asia-Pacific Hi/Lo* Cond. Auckland 18/15
      167 words
    • Miscellaneous
      Page 35 Miscellaneous Column 3
      15 35 ~[juXD OOr OF ,SKrT NOUR search foR rvsip efricie.Nc/ ?J <^-0$ iM—l wtws»*Ptws lto 80OOA
      15 words
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  • Article
    Canberra draws up Bill to protect Qantas' identity
    382 36  -  From Florence Chong in SYDNEY THE Australian government has moved to protect the identity of Qantas after it is sold to overseas investors. In what has been dubbed the Qantas Sale Bill, the government has enshrined conditions to protect the carrier's Australian
    382 words
  • Article
    Lock icon Taipei trade body to open office in China
    242 36 AFP TAIPEI The Taiwan Importers and Exporters Association is planning to open a trading office in China in a bid to penetrate the mainland market, according to an association official. The association will collect US$lO million (S$ 16 million) in funds from
    AFP  -  242 words
  • Article
    China delays talks on buying Russian missile technology
    290 36  -  From John Helmer in MOSCOW CHINA has postponed the first meeting of a new SinoRussian military cooperation group because of differences within the Russian government on whether to sell advanced missile technology to Beijing. A senior Russian official said Chinese and Russian
    290 words
  • Article
    Lock icon Chinese paper warns of economic setbacks unless problems solved
    332 36 AFP BEIJING China's leading economic daily warned yesterday that unless a host of pressing problems were solved, the country's development could "suffer setbacks". In a front-page commentary, the official Economic Daily painted an ominous picture but urged the government to remain
    AFP  -  332 words
  • Article
    Lock icon Kanemaru said to have tried to bribe anti-Takeshita group
    280 36 UPI TOKYO Fallen kingmaker Shin Kanemaru and six other politicians offered tens of millions of dollars to rightwing activists while trying to force them to halt a harassment campaign waged against former prime minister Noboni Takeshita five years ago, prosecutors said
    UPI  -  280 words
  • Article, Illustration
    Bush's fall holds vital lessons for Umno
    772 36  -  The Bottom Line YANG RAZALI KASSIM YANG RAZALI KASSIM The writer, a senior BT correspondent, is in Kuala Lumpur to cover the Umno general assembly. IT ISNT always that an American leader has something in common with a Malaysian political party. But with
    772 words
  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      59 36 Every Saturday in Business Times I RAFTFLES Musa Hitam, former Malaysian J Deputy Prime Minister, addresses 2 speculation that he may re-enter '*4p|P|JM < W active politics. He also talks 7 openly about his tumultuous political career and explains -jdj/Jr r why Singapore ministers should {818 visit Malaysian kampungs. In
      59 words
    • Advertisement
      Page 36 Advertisements Column 2
      112 36 Every Saturday Business Times LI I II cA*t 1* t6** tfaf w High profile, top of the terrace investment opportunity with enormous potential. Unsurpassed elevated outlook and location, with expansive views in all directions. Superior standard of construction and finish over 8 levels. 115 undercover car spaces (one of the
      112 words
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  • Shipping Times
    • Article, Illustration
      Fiata to shift regional secretariat to S'pore
      444 37  -  By Juliette Walker SINGAPORE The International Federation of Freight Forwarders Associations' (Fiata) regional secretariat is primed to make its long-awaited move from Bombay to Singapore next year. Fiata president Tan Kay Hock told Business Times the organisation had voted at a recent congress
      444 words
    • Article
      Lock icon VLCC rates for Red Sea discharge at year high
      405 37 Knight Ridder LONDON Rates hit worldscale 60 for very large crude carriers from the Persian Gulf for Red Sea discharge, the highest rate seen this year. Exxon took the Berge Fister for a Nov 14, 260,000tonne cargo from the Persian Gulf
      Knight Ridder  -  405 words
    • Article
      Lock icon Santos overcomes delays due to fire
      155 37 Knight-Ridder SAO PAULO The citrus and soy pellet loading delays at a fire-damaged berth at Brazil's port of Santos have been overcome by redirecting the activity, a port authority spokesman said on Wednesday. The fire occurred on Oct 28 at Port Shed 38, damaging
      Knight-Ridder  -  155 words
    • Article
      INDEX TO SHIPPING LINES AND FREIGHT FORWARDERS
      1183 37 Page Col ABC Containcrlinc 12 1 Accord Group 8 1-3 •Ahrcnkicl Liner 16 4 Ailicd-Link 16 4/5 Alpha Feeders 6 1 •ANL 3 1/2 •APL 5 3-5 Asia Cont Lines 14 5 Asian Break-Bulk 16 5 •ASCL 5 5 •ASXCLShpg 15 2 Austorient
      1,183 words
    • Article, Illustration
      NOL's catch in South China Sea
      258 37 SINGAPORE A Singaporean containership went fishing in the South China Sea recently. Its catch the ship-wrecked master of a Taiwanese bulk carrier. Fortunately for the master, Neptune Orient Line's Neptune Amber was on its way to Hongkong from the republic on Oct 22 when
      258 words
    • Article
      Lock icon Chinese ship leaves disputed waters
      218 37 AP BEIJING A Chinese ship that Vietnam aecused of entering Hanoi's waters has finished its drilling operation and left the area, the Chinese Foreign Ministry said on Wednesday. "The ship has been drilling on the Chinese side of the median line of the Bcibu Gulf
      AP  -  218 words
    • Article
      Lock icon Greenpeace steps up campaign against plutonium shipment
      313 37 AFP CHERBOURG, France Greenpeace on Wednesday stepped up its campaign against the imminent shipment to Japan of 1.5 tonnes of plutonium. announcing the arrival here of the Solo. the biggest vessel in the environmentalist group's fleet. The high seas tugboat coming from Amsterdam,
      AFP  -  313 words
    • LOG BOOK
      • Article
        Perak seeks to remove Slim River highway toll
        71 38 IPOH The Perak government will appeal to the Federal government to withdraw the highway toll at Slim River once the Bidor-Tanjung Malim stretch of the North-South Expressway is opened to traffic in August next year. Chairman of the State Public Works Committee,
        71 words
      • Article
        Cargill fixes cargo for Lagos
        72 38 LONDON Cargill fixed a cargo from Santos tQ Lagos in dull trading on the sugar freight market. The charterer confirmed concluding privately a Nov 12-16, 13,000-tonne bagged cargo. Other sources suggested the vessel involved is the overaged, 15,139-deadweight tonne Cormorant and the rate is around
        72 words
      • Article
        Colombian pipeline repaired
        48 38 BOGATA Colombian state oil company Ecopetrol put the Cano Limon-Covenas pipeline back in service on Wednesday, after three bombings by rebels in the last 10 days, an Ecopetrol official said. The bombings almost dried up supply to tankers waiting in the loading port of Covenas.
        48 words
      • Article
        Ruptured pipe restored
        88 38 NEW YORK Panhandle Eastern said a Trunkline natgas pipeline, parallel to the one ruptured on Tuesday in the US Gulf, was now flowing at a rate of about 115 million cubic feet of gas per day. The entire system was shut on Tuesday after a 76 cm
        88 words
      • Article
        Bulker grounds off Spain
        30 38 LONDON The Turkish-registered bulker Haci Hasan B, 26,923 dwt, ran aground in lat 21 53.5N, long 38 48.5E, at 0300 Wednesday morning, Lloyds Shipping Intelligence said.
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      • Article
        Bay of Bengal cyclone threat
        73 38 BEDFORD, Massachusetts Tropical cyclone 098, in the Bay of Bengal near Lat 15.5N Long 87.9E, is strengthening and rapidly becoming a serious hazard to shipping, private forecaster Weather Services Corporation said. The cyclone, with 35 knot winds, is expected to track inland in about 48
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      • Article
        Seoul's shipbuilding orders fall
        114 38 SEOUL South Korean shipyards received orders for 48 ships of 1.45 million gross tons (GT) in the first 10 months of 1992, down from 88 ships of 3.52 million GT a year earlier, the Korea Shipbuilders' Association said. Foreign orders in the period dropped to 40
        114 words
    • Article, Illustration
      Lock icon A new Atlantic climate
      1118 38  -  Now that the Trans-Atlantic Agreement is in place, Geoffrey Giovanetti, managing director of the US Wine and Spirits Shippers Association, has a word of warning for carriers Geoffrey Giovanetti, International Transport Journal WELL, they've finally done it. The T rans-At-lantic Agreement (TAA) and the concomitant vessel-shar-ing
      International Transport Journal  -  1,118 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      550 38 Oct 29 Density Water 1 tesdue Ml Ai MMMI Sedmant Density Wat* 1 Ash M nron M/M M/M Exxon Enon KG/M*3 V/V M/M M/M PPM method KG/T3 V/V M/M M/M PPM method 60/ttnac fcnts Spec E25 991 1.0 150 010 30* 010* Eastern USA 180 Ave
      550 words
    • Article
      THE SHIPPING GUIDE
      9241 46 a s 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 it leaves Singapore; PK:
      9,241 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        610 53 Vessel Voy No Berth Vnval Departu e Vessel Voy No Berth Arrival Departue Jurong Port And Tarunaga 4 J4 alongside 0611/1500 Bennevs 1989 120/92 )1 alongside 0611/0300 Lion Valour J12 alongside 0611/2300 Quncy 56 15 alongside 0611/1100 Roda Perkasa Jll alongside 0611/2000 Setab Pratama 210B J3 alongside
        610 words
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        MALAYSIAN PORTS
        126 53 gl„ .if lonorc ron Berth: 1: nil; 2: Million 111, KirensK; 3: Lennon; 4: 30 Agutos, 5: nil; 6: Addriyah. 01 jetty: ml. DC* Sembawang. Due on Nov 5: Warembungan, Sol, Uni Modest, Kris Terasik. Due on No* Kisogawa, Santi. Oriental Azalea, Barge Kuala Siak V, Sukun, Abadi,
        126 words
      • Article
        CONTAINER SCHEDULES
        1614 53 25 CONTAINERS IN PROGRESS SNp Voy No Containers avaiatole Mp Voy No Containers avalaMi Ned Merwe Hafcata 2204 9229F 04.11.92 04.11.92 1055 1117 Equator Hawk Equator Crys 67N 115N COO(EST) COO(EST) 051 051 1.92 1.92 0700 0700 B Data 227 04.11.92 1125 Trein Ms 9225 COO(EST) 05.1 1.92
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    • Article
      DAILY FREIGHTS
      894 54 BUNGE conceded at US$lO.OO for a grain cargo on the key US Gulf to north Continent grain run, brokers said on Wednesday. The charterer paid a lumpsum of U*****,000 for a heavy grain soybean and sorghum cargo on a Panamax with a 2,570,000 cubic foot grain capacity. Generally
      894 words
    • Article
      TRANSPORT DIARY
      415 54 Nov 10 11: Shiprepair and Conversion 92 Conference cum Exhibition to be held at Olympia London, jointly organised by BML Business Meetings Limited (UK) and Petamgas Maritime Services Pte Ltd. For details and registration forms, please contact Petamgas at tel: 223-6118 or fax: 223-9929. Nov 18 19: Ship
      415 words
    • Article
      Lock icon Sale of locally-made vehicles up 9.7pc in US
      602 56 Americans turning to light trucks for personal transport NYT DETROIT A surge in the sales of light trucks pushed overall sales of domestically built vehicles up 9.7 per cent in late October, US carmakers reported on Wednesday. Analysts were not able to
      NYT  -  602 words
    • Article
      Lock icon Cuba, Russia sign trade, shipping accord
      323 56 Reuter HAVANA Cuba and Russia signed major trade and shipping accords on Tuesday and apparently agreed to keep open an electronic intel-ligence-gathering station once run by the former Soviet armed forces on the commu-nist-ruled island. The Cuban news agency Prensa Latina said the accords,
      Reuter  -  323 words
    • Article
      Lock icon Chile to purchase Argentine crude from 1994
      260 56 Bloomberg HOUSTON Argentina will sell at least 40,000 barrels per day of crude oil to Chile and another 20,000 bpd to Far East markets once a pipeline is built to transport crude from Argentina to the Chilean state oil company's refinery in Conception,
      Bloomberg  -  260 words
    • Article, Illustration
      Lock icon New bridge is Calcutta's symbol of hope and chaos
      446 56 NYT CALCUTTA Every evening, thousands of Calcuttans travel long distances to view with pride the newest acquisition of this 200-year-old city: a giant cable bridge that commands a sweeping view of a city known for its mix of squalor and'wealth, grime
      NYT  -  446 words
    • Article, Illustration
      Lock icon French leaks over plutonium shipment upset Japanese
      506 56 NYT TOKYO Large gaps between the efforts made byJapanese and French governments to control information regarding plutonium shipments have demonstrated that there is no "proper" nuclear information control policy in the world. The Japanese government has kept secret all information about the plutonium
      NYT  -  506 words
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      19 37 The Trans-Atlantic Agreement: a shipper's view, Page 2 Sale of locally-made vehicles up 9.7 pc in US, Back Page
      19 words
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      Page 37 Advertisements Column 2
      19 37 Lines and mtvlcm r«pr*sot*d M«Mb«r* of tIM Registry «f kccnUild (*tffSw*\ For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090.
      19 words
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      Page 37 Advertisements Column 3
      48 37 THE FAMOUS > on <b dWkOVi ■smilgm 224 1833 For more information please refer to Pg. 13 French leaks over Plutonium shipment upset Japanese, Back Page ZSjOUSIMUNE Fastest Transit 9 Days Twice A Month Sailing REUNION H CALL: 220 6666 A'AZMAN CATHY RAZIF STAR SHIPPING AGENCIES (S) PTE LTD
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      82 38 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful small firms and the people
      82 words
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      Page 39 Advertisements Column 1
      2425 39 •rr —o 1 "—j m OOCL (8) PTE LTD JARDINE SHIPPING AGENCIES All If A BOOKINGS TEL: *****34 *****58/ *****40 aVdfflrai 1! CFS (PSA F5) TEL: *****21/ *****79 P BfiflfiQ H PESAKA JARDINE SHIPPING AGENCIES SDN. BHD. j J PORT KELANG TEL *****18 FAX: *****91 *****88 7r~~T 7~TT —"X o
      2,425 words
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      Page 39 Advertisements Column 2
      1645 39 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in BT IB UASC H iUKTED ARAB SHIPPING CO.(SAG)J To US East Coast VSI/VOY SM NYC I BM. I Oftf I SAV M uuri »1 7/11 M/U U/U IVU 14/12 wno iou m is/ii n/i7
      1,645 words
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      Page 39 Advertisements Column 3
      1391 39 WEEKLY DIRECT CALL TO SHIMIZU LEISE MAERSK V.9213 ETA SIN 12/11/92 ETA SHIMIZU 24/11/92 Vmhl Voy ETA ETD Feeder by s-urt/**. DESTINATIONS T\m week Marchen Maerak. 9210 CY 10/11 moo MRS WKM CFS 9/11 2350 MRS JOM LPK PEN OAK IGB MOU MEM ATL MIA CHS BAL PHL NYC MON
      1,391 words
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      Page 40 Advertisements Column 1
      1414 40 VOY NO S PORE JEDDAH S HAMTON H BURG ANT LE HARVE JMCQZIS TOKIO EXPRESS 08/144 6/11 21/11 24/11 22/11 LEVERKUSEN EXPRESS 09/344 7/11 17/11 25/11 28/11 29/11 2/12 HUT ffUWB *£PWW6 KITANO 16/145 12/11 28/11 1/12 29/11 «t<i CARGO TO UK/CfINTVCXT THAMES 14/345 14/11 24/11 2/12 5/12 7/12 9/12
      1,414 words
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      Page 40 Advertisements Column 2
      448 40 plas FCL Break bulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.1.5.-Voslochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam e Mongolia Hungary CSFR Poland oosTrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BAT A Feeder Vessel ITA liM VILLE DE NEPTUNE 15/11 POL
      448 words
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      Page 40 Advertisements Column 3
      1315 40 I gSI—M.XMK EXPRESS LCL SERVICE DEPARTING EVERY SUNDAY WE ARE PLEASE TO ANNOUNCE NEXT SAILING: 'SL INDEPENDENCE* V3O2W ETA SINGAPORE 15/11/92 LCL CARGOES CAN BE ACCEPTED TO THE FOLLOWING DESTINATIONS TRANSIT I UNITED KINGDOM FELIXSTOWE 23 DAYS GERMANY HAMBURG 20 DAYS THE NETHERLANDS ROTTERDAM 19 DAYS BENELUX ANTWERP 20 DAYS
      1,315 words
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      Page 41 Advertisements Column 1
      1927 41 Wl STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppd Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CARGO DUE SAJLS 11l I fll 1 l#M 8 IVL Hi M llMwil Vl I all] I] HAJAH BROOKE V2OE Muara. lib 06 No« 06 No. 07 Nov KRIS MADURA VIIE
      1,927 words
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      Page 41 Advertisements Column 2
      2664 41 SINGAPORE AGENT: PXff I p&0 containers (Singapore Agencies) Pte Ltd iXV t jill 11 £f I I ICXa 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel: 225 2233 Tele* RS ***** PNOCSP Fax: 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT VESSEL VOY -PNG -PKQ SM ALQ SOU
      2,664 words
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      Page 42 Advertisements Column 1
      663 42 CR NBR **********0-D EXPRESS SEMI CONTAINERSHIP SERVICES TO EUROPE VSL/VOY STOW KDM/IMM H'BURG BR MEN HTWCTP MATMAM 33W6 24/12 3/1 7/1 12/1 15/1 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subject to Inducement. Also accepting cargo to Casablanca. Poet Said, Port Alexandria, Qanoa, Triaata. ALSO ACCEPTING CONVENTIONAL CARGO VIA T/S
      663 words
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      Page 42 Advertisements Column 2
      1072 42 HANJIN SHIPPING FM VSI nun UK HAUL LGB OAK FOR *SL |UM HAUL SAV IM WTC HANJM KAOHSIUN6 010E 7/11 K OAKLAM) OIK 29/11 2/12 HAIUN CHEJU OME 9/11 N. BUSAN 125£ 4/12 5/12 20/12 HANJM BREMEN 005E 15/11 OKCT 6/12 9/12 HI KNANGTANG 095E 16/11 M. YOKOHAMA 0421 23/12
      1,072 words
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      Page 42 Advertisements Column 3
      1190 42 PU l« Wt Hf W MHO»NST9fi ITO Lil CM HI NYC UN HI I* W I# SGP I COM M OS3 10/11 U/U lt/U IVU 20/11 23/11 24/11 20/11 27/11 20/U 30/11 U/U 23/12 S/12 27/12 VI 0/1 7/1 0/1 9/1 10/1 20/1 2/2 1/2 E anu K 04i 17/11
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      Page 43 Advertisements Column 1
      1896 43 SCX: CALIFORNIA MERCURY 48E' ETA SGP 11/11/9211 II ARRIVING LOS ANGELES 29/11/92 IN 17 DAYS. II II AEX: 'NEPTUNE PEARL 06E' ETA SGP 15/TI/92 H ARRIVING NEW YORK 07/12/92 IN 22 PAYS. P|| I Singapore California express (sex) 1 I TfrPlfflY VS/llNtf* 10 POltlrs! E TOCAtVMm-UtOUtf-mUMOPOIIin-tTLiMTKmHLB I U FEEDER VSL
      1,896 words
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      Page 43 Advertisements Column 2
      1173 43 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 EASTBOUHD-OftCHARONG WESTBOUND-LOADW6 TRANSHWED Vt» ROTTERDAM
      1,173 words
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      Page 44 Advertisements Column 1
      1747 44 K" AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) W W V A TEL *****77 TELEX: KAWAKIRS23I6S FAX' *****07/^9 I l\| M MALAYSIA: *K" UNE MARITIME (MALAYSIA) SON BHD JR. MrnJ A MrnJ TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T.
      1,747 words
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      Page 44 Advertisements Column 2
      1143 44 PHIU-Oni€NT LI MS PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU Egg MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION I 8 NOV SYDNEY, MELBOURNE, BRISBANE, FREMANTLE 8 NOV AUCKLAND,
      1,143 words
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      Page 45 Advertisements Column 1
      1043 45 sagg"fl_ PACIFIC INTERNATIONAL LINES (PTC) LTD IV M 140 Cecil Street, #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********01 i JAKARTA H 1 BANQKOK i VESSEL VOVSIN BKKSIN VESSEL VOY SIN JKT SIN SRIBAMUT (THAI FLAG) SRS42N S/11 11/11 IS/11 KOTA INOAH 451 S/11 11/11 15/11 K O
      1,043 words
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      Page 45 Advertisements Column 2
      1490 45 Ie L I BT EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p|P GUDANGI PENANG PKELANG I OCEAN VSL/VQY SIN SOU(1) RTM(2) HAM (3) GOT (4) g 6/11 6/11 7/11 BENALDER 2442 10/11 27/11 29/11 30/11 2/12 13/11 13/11 14/11 TOYAMA 2452 17/11 4/12 6/12 7/12 9/12 p 20/11 20/11 21/11
      1,490 words
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      Page 45 Advertisements Column 3
      284 45 °BSA° TRANSPORTATION M MYANMA \BBHk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S'porc P.KIf Pen P.Gdf PAGAN VI St* In Pt HP AAA VI SAW 17/21 No* PAGAN VIB9W 24/26 Not NIGERIAN NATIONAL M SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJE V.50 SPORE 26 Nov Lagos 19
      284 words
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      Page 48 Advertisements Column 1
      2364 48 Container Liner Services w««" *< en,,: Ctnenl itftl Boo*/« A<w(t Cm CMa S«M S<« M C*w« CMm SWpfin M» «M P.T. G»o" P"«™ 11/Wl'l I*# 1 1 Costar Shipping Pte Ltd sm* rr*u s* i* u*3.3 <.wn». ,/I< WZSS.H-CO SSSftSBL SttSl *****«. ffSTSW/*«. S.ngaw.Sfor Singapore 061/ «36/ 2855/ 368 796!
      2,364 words
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      Page 48 Advertisements Column 2
      311 48 SAMUOBIA MDONESU (S) PTI LTD 1S McCALXUM STREET #(0-01/02 NATWEST CENTRE Singapora 0100 Tatac R*****0 Tat *****01-3 Fax: 229 4030, 227*130 FOR BOOKWOS CALL DWECT UWE TEL: *****41/*****43 BM/JAK SERVICE VESSEL VOY SIN JAK PELOPOR 1053 07/11 (SAT) 10/11 (TUE) MAJESTY 915 07/11 (SAT) 10/11 (TUE) ELBE STAR 909 07/11
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      Page 49 Advertisements Column 1
      633 49 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 8/11 ROTTERDAM 8/11 HAIFA/ ASHDOO/ALEXANDRIA STfl HAMBURG/BREMEN 8/tl MARSEILLE/FRANCE 8711 FELIXSTOWE/UK 8/tl BARCELONA/SPAIN 57A LEHAVRE/ANTWERP 8/tl GENOA/ITALY 8711 GOTHENBURG/SCANDINAVIA 8/11 LOS ANGELES/WC/IPI 8/tl SYDNEY/MELBOURNE 7/tl NEW YORK/EC STfl FREMANTLE/AOELADE 12/tl VANCOUVER 8/tl BRISBANE
      633 words
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      Page 49 Advertisements Column 2
      732 49 CSa RICHFIELD MARINE AGENCIES (S) PTE LTD Si TEL: *****33 (12 Lines) \=A FAX: *****15/*****03 |i-H| TELEX: RS ***** RISHIP (3 Lines) kW) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOADING FOR SPORE ABBAV WON 2 34wi~ M/ 12 DARESSALAAM MOMBASA DJIBOUTI ASSAB.
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      Page 49 Advertisements Column 3
      492 49 JAKARTA BANGKOK «aa vot «n I jnt 1 |«na [w wmmm mmmm BENM BHUM 51S 07/11 11/11 lANU BHUM 49N Frt BR Hsn 09/11 NANA BHJM IMS 10/11 13/11 RANT A BHUM 114N Sll 07/11 *N< 11/11 Kltl BHUM 255 12/11 15/11 MRA BHUBT ag Msn 09/11 Tlw 12/11 KIU
      492 words
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      Page 49 Advertisements Column 4
      343 49 I I3S neen-une VBL VOY BMQAPORE MADRAS BMQAPORE rtSSI VOY SM MM SM tea SIM mm uta 12-13/12 19-21/12 Q neat ma 22m os-io/u is-17/u 23-2«/u TKQt MRON 41N 12-13/11 l»-2«/ll 24-27/11 U nm sra> 23M it-w/11 23-n/u *1-02/12 VOL VOY OMGAPORE/CALCUTTA/OMGAPOfIE «SStl DOT SM Otl SM LMOTSt 431 05-10/11
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      Page 50 Advertisements Column 1
      1508 50 groupage I K~/ IPENANG (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 V- 1 w v P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 I HKG/TWN/BKK I GOTH/U.K/MED PORTS *EN PKL SIN PEN PK SIN -8/11 9/11 10/11 Honf Kone Ldn/Fl*/Rdm/Ant/IHV 12/11 13/11 14/11 41/11 12/11 13/11 Hone Konc
      1,508 words
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      Page 50 Advertisements Column 2
      346 50 Mr BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SIN PROSPECT 21S 10/11 21/11 23/11 10/12 N Z STAR 0532* 17/11 29/11 1/12 17/12 PREMER 21S 30/11 12/12 14/12 30/12 WITH OPPORTUNITY TO CALL TOWNSVILLE ABOUT 28/11/92 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND,
      346 words
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      Page 50 Advertisements Column 3
      1214 50 f THONG SOON UNES PTE. LTD.] 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SWGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO I CONVENTIONAL/CONTAINER I CONTAINER SERVICES 1 SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL HOT IS'POtE IPEST VESSEL VOY SfWE
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      796 51 COMPANIA PERUANA W4 DE VAPORES V "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARAM, 10* I OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BIL OF LADING. WgV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE ACCEPTING BREAKBULK/SOC CARGOES TO/FROM KOBE, YOKOHAMA, NAGOYA, MOJI. TOKYO*, MANILA*, DAVAO*. Ptnanj* P
      796 words
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      Page 51 Advertisements Column 2
      617 51 CZ3 ZIM Favll CBBtllßßf «BW<CB fcAJAJ N.AMERICA CARRIBEAN SERVICES VESSEL VOT MMtlO DOT LAI »S1 SAY WTC m CUT 71E 13/11 m KULUNG 3SE 12/12 21/12 K/12 27/12 29/12 m KNEfIA 104E 15/U M KLELUNG 39E 12/12 21/12 »/12 27/12 29/12 m BARCELONA 235E lt/U M BERIA 37E 20/12 29/12
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      Page 51 Advertisements Column 3
      636 51 SEMI-CONTAINER FIXED DAILY SCHEDULE NAJD LINER SERVICE PORT KLANG/ JAKARTA/ SINGAPORE/ PORT KLANG WOT 110 I*6 CIA «U ETA SN M/V UONA 92/1 15/11 M/U 23/11 M/V LEON* 92/2 24/11 21/11 2/12 M/V LI OH* >2/3 3/12 1/12 11/12 Lines 111 11 A ro T KL G STott/BEIJH»M»T0« T KLANG
      636 words
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      Page 51 Advertisements Column 4
      382 51 MONTHLY DIRECT CONTAINER SERVICE SIN TO ALGERIA ALSO CALLING MARSEILLE/LASPEZIA TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN WEEKLY CONTAINER SERVICE SIN/CALCUTTA/SIN WITH TRANSHIPMENT TO: ASEAN/AIISTRALIA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ BOMBAY/KARACHI WEEKLY CONVENTIONAL SERVICE EAST AFRICA/RED SEA/ MEDITERRANEAN CAMO 800ftIM LUCKY TRANSPORT FREIGHT CO (PTE) LTt
      382 words
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      Page 51 Advertisements Column 5
      397 51 4 SJN FAR EAST 10/11 KEELUNG/KAOHSIUNG S 15/11 BANGKOK J 13/11 MANILA/CEBU 15/11 JAKARTA/BELAWAN/SURABAYA 9/11 PORT KELANG/PENANG/E. MALAYSIA 9/11 BUSAN 15/11 TOKYO/YOKO/KOBE/NGO/OSA 9/11 HONG KONG si CH!NA 9/11 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU S DALIAN/SHANGHAI/XINGANG 5 TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 14/11 LDN/FLX/LVP/SOU 14/11 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/
      397 words
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      Page 52 Advertisements Column 1
      756 52 ECONOLINES We deliver 2040 points throughout 17 We provide weekly consolidations to 32 countries in conformity with 13 imcoterms Discharging ports at own Bonded Warehouse total demands in shipping for carrying your with in house customs service and Routier I goods from door to door trucks for home deliveries at
      756 words
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      Page 52 Advertisements Column 2
      495 52 Eonterml w CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 10TH NOVEMBER ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 8 NOV JAKARTA 8 NOV PENANG 12 NOV PORT KELANG 12 NOV MELBOURNE 8 NOV SYDNEY 8 NOV FREMANTLE 12 NOV BBISBANE 15 NOV HAMBURG 14 NOV FELIXSTOWE 14 NOV GOTHENBURG 14
      495 words
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      Page 52 Advertisements Column 3
      347 52 Bill! Next Week's Sailings Singapore Singapore Bangkok WED SUN Hamburg SAT j--' EVFRY EVERY Manila FRI MON Ho Chi Minh FRI EVERY EVERY Colombo MON Los Angeles SUN l, ~\J Sinsaporc Tel: 778 6522 Von Chan/ QtCtfLr Jokon Tef: 07-*****8 AlfredNg Fax: 07-*****3 Eddy Kasenda 77&WS-Z./A//C r—y C r C
      347 words
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      Page 52 Advertisements Column 4
      528 52 CHINESE-POLISH JOINT STOCK SHIPPING CO CONTAHER/BKEAKBULK I ISM I PMAfOOWSKI V5O 7/12 CASABLANCA EVER HAPPY VO5 1/12 CASABLANCA lAXMG VOl 24/11 SHANGHAI/XMGANG BALTIC FAR EAST SHIPPING PTE LTD 2 MISTRI ROAD #10-00, HMC BULDMG, S PORE 0207 TEL: *****69 FAX: *****09 TLX: RS ***** BALFES CIF.I. ORIENT EXPRESS LINES dumi
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      1286 53 ■TNedHoy,. F ROM JANUARY 1993, NEDLLOYD LINES PRUVIDE WEEKLY SERVICE YO AUSYRALIA Nedlloydl Lines FSTJ.- m SicbS "i wn ST Z Z G8 u 6/11 4/11 CG 32 10/11 28/11 wu l u inl 3,11 1,11 i,u NLL Rouen *****# 18/11 21/11 20/11 19/11 23/11 27/11 10/12 20/12 12/12 14/12
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      335 54 NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA VIGOUR PACIFIC 75N8 09/11/92 14/11/92 J-NOI^HXR VIGOUR LUZON 4NB 13/11/92 18/11/92 SOUTH HARBOUR VIGOUR SINGAPORE 40NB 16/11/92 21/11/92 SOUTH HARBOUR VIGOUR PACIFIC 76N8 20/11/92 25/11/92 TRANSIT 4 DAYS PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE PORT KLANG PENANC ARKTIS
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      Page 54 Advertisements Column 2
      348 54 .flLcosco UKC COWVEMHOWAL SERVICE VESSEL PKL PNG P.O. LOADING FOP: A VESSEL 20/11 Rotterdam/Antwerp CHINA CONVEMTIOWAL SERVICE VESSEL PKL PNG P.O. LOADING FOR: A VESSEL 15/11 20/11 Huangpu/Guanozhou COSCO FULL CONTAIN6W SERVICES (FCL/FCL) EXPORT TO: CHMA/BANGK OK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN OULF/KARACHI Pleas* refer above mentioned
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      Page 54 Advertisements Column 3
      244 54 ircwwra CONTAINER LINE (S) PTE LTD 133 New Bridge Road #09-06, Chinatown Point S'pore 0105 WEEKLY CONSOLIDATION SERVICES TO: HONGKONG 9/11 •SYDNEY 13/11 •ROTTERDAM 14/11 BUSAN 9/11 MELBOURNE 13/11 HAMBURG 14/11 KEELUNG 12/11 BRISBANE 12/11 •FELIXSTOWE 14/11 KAOHSIUNG 12/11 ADELAIDE 12/11 «LE HAVRE 14/11 BANGKOK 8/11 FREMANTLE 12/11 ANTWERP 14/11
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      Page 54 Advertisements Column 4
      41 54 ©ORIENT FREIGHT SERVICES PTE LTD C/R NO. **********0 D WEEKLY CONFIRMED CONSOLIDATIONS AND SPECIAL FCL/LCL RATES TO> BOMBAY •COLOMBO •CALCUTTA KARACHI .MADRAS •CHITTAGONG ALSO ACCEPTING CARGOES TO FAR EAST/EUROPE A OTHER PORTS FOR ENQUIRIES CALL US AT TEL *****52/ FAX: 2229M5
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  • Page 54 Miscellaneous
    • Miscellaneous
      Page 54 Miscellaneous Column 1
      477 54 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 MOO 0900 1000 1100 1200 1300 1400 1500 1(00 1700 1100 1)00 2000 2100 2200 2300 JR 14 12 10 10 1.1 1.3 17 21 23 24 23 21 1 7 1.4 12 1 1 1.1
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      Page 55 Advertisements Column 1
      1052 55 I A. HYUNDAI I MERCHANT WESTBOUND TO EUROPE Vtssas PNA PKE-t- PfiP-t- I SW i RTM *NT* LET HAM Bttj PEL H. CHALLENGER 301W 6/11 6/11 6/11 8/11 27/11 27/11 21/11 28/11 2S/U 1/12 SI INDEPENDENCE 302W 13/11 13/11 13/11 15/11 4/12 4/12 5/12 5/12 5/12 «/12 H. FRONTER 302*
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      Page 55 Advertisements Column 2
      463 55 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS nutl NT H RK U cbavmb reuu n a» su> cosmk cnauercm 21 ud sio (ASTUB RMT 7/11 1/11 UN M Ml 27 1/11 TIMS ABTO 45 11/11 11/11 MA 1&/11 TUJOK (MAS 21 11/11 COSMK TIADU 31 14/11
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      Page 55 Advertisements Column 3
      793 55 EXPORT TO: JEDDAH/UK/CONTIsENT I STOW lED S'TOM HYSC RDAM l£H •Mm Acc««« C*t» tw. LEVIRRUS(N tlf (J/344 7/11 17/U 25/U 2S/11 30/11 2/12 SoittianfrtM :t.rf I* festtufe* Mm mt D*Mi RITAMO 1(/145 12/11 2R/11 1/12 2J/U Rotttfdan :to 4 Antv«p Urn Mm. o*. MMM THABES 14/345 14/11 24/11 2/12 5/12
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      Page 55 Advertisements Column 4
      138 55 BINTAN6 MAS SHIPPING PTE. LTD. 39 NEL ROAD SMGAPORE 0208 TEL: *****88 TLX: R*****5 SMMER FAX: *****64 ACCEPTS rare OF CARGO STORE OESTWATHN BMTANS SEHA V22E h NOV M*. IM. KM* MERCURY MOC V2OI 0» 19 NOV 1112 NOV Mora. Latwm HNTANG BELAIT V 241 W-10 OCt 1112 OCT IMA.IM.ntaM
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      104 56 D A v I\l V J J »li Kill Li 7 T/ 11 could a controversial deal between two stock J market stars, a thought-provoking report by I university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in
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      Page 56 Advertisements Column 2
      39 56 /i i 1 iiiß Sabah, Brunei Sarawak Freight Conference Far East Gulf of Aden Red Sea Ports Conference NOTICE TO SHIPPERS CONGESTION SURCHARGE HODEIDAH Current Congestion Surcharge of 10% Increased to 15% with effect from Friday 20th November 1992
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