The Business Times, 26 November 1992

Total Pages: 56
1 56 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Thursday, November 26, 1992 75*
    16 words
  • NEWS SUMMARY
    • 39 1 NEW DELHI A quarter-of-a-million Indians staged a protest rally against the government's economic reforms yesterday, aiming much of their criticism at a proposal to simplify procedures for dismissing workers and closing lossincurring units.
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    • 65 1 TUNIS PLO leader Yasser Arafat says peace talks with Israel have rcachcd a dead end and the Palestinians will decide soon whether to suspend them. He complained that Yitzhak Rabin would not concede that United Nations Resolution 242 applied to the West Bank and
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    • 32 1 AN ECONOMIC ZONE in which ethnic Chinese business interests have a big presence is rising in high-growth Asia, says Dr Linda Lim of the University of Michigan Page 2
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    • 28 1 THE COST of renting prime office space in Tokyo, Hongkong and Singapore continued to tumble in the third quarter, according to a Colliers Jardine report
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    • 30 1 PHILIPPINE negotiators have urged the government to reject a compromise deal with Westinghousc Electric Corp over a shelved nuclear plant, a Philippine official said Page 8
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    • 36 1 GREATER investor confidence in the tanker industry could be nurtured if vessels could attract higher freight rates, according to the managing director of the International Association of Independent Tanker Owners. Shipping Times Page 1
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  • MARKET SUMMARY
    • 19 1 WALL STREET was higher in early trade yesterday. The Dow climbed more than 12 points to 3,260.
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    • 43 1 LONDON share prices fell in midday trading yesterday in response to upheaval on currency markets and on fading hopes that German interest rates would be cut. At 1245 GMT, the FTSE 100 Index was down by three points to 2,724.1 points.
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    • 38 1 SINGAPORE Airlines will have to change the way it operates if a quantum leap in its performance is to be achieved, deputy managing director (commercial) Michael Tan said at an in-house meeting recently 3
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    • Article, Illustration
      30 1 Wednesday Change BT-MGA 673.12 +102 Kuala Lumpur ....641.84 Tokyo 17,302.01 +205.92 Hongkong 5,918.54 "^3^98 Sydney 1.459.2 r K Tuesday Change New York 3,248.70 +25 66 London 2,727.1 +4—
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    • 24 1 Exchange rates l JSS SS 1.6330 100 Yen SS 1.3196 iSj SS 0.6458 Money market rates Overnight 1 7/16 3-month 2 1/8% +1/16
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    • 36 1 London Gold AM fix US$334.75 +USS0.80 Rubber S'pore Dec 144.25«/kg -0.25 M'sia Dec 223.00*/kg unch ML Tin Turnover 49tonnes +4 Spot MS 14.02/kg +0.03 Crude palm oil Turnover.... 600 lots +128 Dec MS957 /tonne +8
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  • 126 1 NUCLEAR proliferation in the Asia-Pacific remains an extremely worrisome development, what with North Korea pursuing a covert nuclear weapons programme and other Asian countries seeing in the "bomb" a means to equalise the apparent conventional military superiority of likely adversaries. This critical issue is analysed by
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  • 539 1  -  Heavy offloading of real estate cools enthusiasm of past 18 months By Sylvia Wong SINGAPORE The mad rush into Australian property has ended, as local buyers begin to take a second look at what seemed "the investment opportunity of a lifetime" just a few
    539 words
  • 388 1 AP, Reuter WASHINGTON The economy grew at the fastest pace of George Bush's presidency during the July-Sep-tember quarter, advancing at a brisk 3.9 per cent annual rate, the government said yesterday. The performance was the economy's best since Octo-bcr-Deccmbcr 1988 during
    AP,; Reuter  -  388 words
  • Article, Illustration
    64 1 Photo by Arthur Lee A COMPANY'S results may sparkle, but did it manage to produce an annual report to match? That's what the Annual Report Award Committee had to decide yesterday. Senior Minister of State for Trade and Industry Lim Boon Heng (second from left) is seen
    Photo by Arthur Lee  -  64 words
  • 109 1 AFP TOKYO Japanese Prime Minister Kiichi Miyazawa hinted yesterday that the government was considering more steps to revive the ailing economy if the fiscal package currently being drawn up proved inadequate. "If it is insufficient, we have to make some choices," he told a
    AFP  -  109 words
  • 399 1  -  By Shoeb Kagda SINGAPORE Amidst a fierce price war among goldsmiths in the Orchard Road and Serangoon Road areas, Singapore's official assayer yesterday warned consumers to be more mindful of quality when buying gold items. While lower gold jewellery prices would
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  • 379 1  -  By Hong Lee Tiam SINGAPORE Tourist arrivals from Japan are down, and prospects in the present quarter look poor, industry sources say. Operators specialising in Japanese visitors said yesterday that bookings for package trips began to slip at the end of August and the
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  • 243 1 Reuter, Bernama KUALA LUMPUR Malaysia will close its 40-year-old naval base in Singapore in 1997 because the Republic wants to raise the rent, Malaysian Defence Minister Najib Razak said yesterday. "The reason for this is simply economics," Mr Najib told
    Reuter,; Bernama  -  243 words
  • Page 1 Advertisements
    • 154 1 Burberrysl x i i Reigns when it pours I Ad Marketing 14,15 Jkt/Bkk/Chma Stocks 25 Out Trusts 22 Arcraft Schedule 31 KLS£ 23 Weather 31 Commodities 30 Money Changer Rates 31 World News 9 Company News 3-5 Money Market 29 World Stock Markets 28 Cryptic Crossword 31 Regional News 8
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    • 105 1 Hock Lock Siew: When big-stick control is necessary and welcome, Pg3 nj Iff {A y m y y The much sought-after Le Mercier's Year End Sale is here again. The finest European Furniture and Lighting is even much more affordable now. Attractive discounts up to 50% on Sofa Sets, Dining
      105 words
    • 15 1 fNEW ULTRA iAR432 Adds an extra 5.7 yards premier line from ROYAL SPORTtNG HOUSE pteud
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  • PAGE 2 NEWS
    • 426 2  -  Moves to press for lower stamp duty From Catherine Ong in HONGKONG THE Securities and Futures Commission (SFC) in Hongkong'has recommended that levies on shares and futures transactions be lowered by 20 per «nt from next year. Tne SFC said
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    • 223 2 SINGAPORE Wages went up 7.7 per cent in the first six months of this year, the Senior Minister of State for Trade and Industry, Lim Boon Heng, said last night. The increases compare with wage growth of 9.2 per cent for the whole
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    • 585 2  -  By Colin Tan SINGAPORE The cost of renting prime office space in Tokyo, Hongkong and Singapore continued to tumble in the third quarter. However, rates in the three cities remained higher than elsewhere in the Asia-Pacific region. According to
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    • 346 2  -  By Dawn Tan SINGAPORE An international warrant of arrest has been put on Elyamani Khamis, a bankrupt businessman who has left a trail of debts in his wake. Business Times has learned that police authorities in Porsgrunn, Norway, have obtained an international
      346 words
    • 307 2 AFP JAKARTA Indonesian monetary authorities have set a deadline of nine months for Bank Summa, an ailing private Indonesian bank, to recover from its current financial difficulties, the Bisnis Indonesia newspaper said yesterday. "If the bank's (financial) health declines and if within
      AFP  -  307 words
    • 421 2  -  By Claire Leow SINGAPORE Senior Minister of State for Trade and Industry Lim Boon Heng yesterday urged multinational corporations (MNCs) that are based here to expand regionally. He made this exhortation, saying the government's call for companies to move out into the
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    • 215 2 Reuter BANGKOK A Bank of Thailand report says a major investor and his associates accused of manipulating share prices on the Stock Exchange of Thailand (SET) have a US$64O million (S$ 1.04 billion) trading fund, half in cash and half in loans,
      Reuter  -  215 words
  • Page 2 Advertisements

  • COMPANY NEWS 1
    • 657 3  -  By Amy Balan SINGAPORE Cycle and Carriage Ltd (CCL) has pipped 211 listed companies to win this year's Annual Report Award (ARA) while the Port of Singapore Authority won the top award for statutory boards. The extra effort by CCL this year
      657 words
    • 241 3 SINGAPORE In spite of a slower retail market and more competitive conditions, watch retailer The Hour Glass yesterday reported an increase of 12.7 per cent in net earnings for the half-year to Sep 30. Boosted by a rise in turnover from
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    • 547 3  -  THE HOCK LOCK SIEW COLUMN By S N Vasuki SINGAPORE Bank Summa's unfolding financial woes highlight the necessity for better regulatory control in Indonesia's banking system and the equally urgent need for the country's central bank to wield the big stick to keep
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    • 320 3  -  By Dexter Lee SINGAPORE Singapore Airlines will have to change the way it operates if a quantum leap in its performance is to be achieved, deputy managing director (commercial) Michael Tan said at an in-house meeting recently. According to a special
      320 words
    • 244 3 SINGAPORE Financiallytroubled Inno-Pacific Holdings has finally divorced Colonel Sanders here. At an extraordinary general meeting held yesterday, shareholders approved the sale of nine million Kentucky Fried Chicken Management (KFCM) shares to KFCC Pepsico Holdings. The net proceeds of $19.3 million will be used to
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    • 132 3 SINGAPORE Bechtel Enterprises Inc has signed a memorandum of understanding with the Sembawang Group to cooperate in infrastructure development projects in the Asia-Pacific. In a statement from San Erancisco yesterday, the Bechtel International Inc consultancy arm said the MOU will "facilitate the development of
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    • COMPANY BRIEFS
      • 87 3 SINGAPORE Tobacco company Rothmans Industries Ltd posted lower earnings in the half-year ended September as export sales slowed down and investment interest rates fell. For the period, the group recorded net earnings of 5i9.05 million, down 16 per cent from the previous six months. The
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      • 62 3 SINGAPORE San Teh Ltd has made changes to its board. The company said it appointed Kao Wei Chao as an addition-, al non-executive director on Nov 24 and Huang Chian-Ming as an alternate to him. Mr Kao Shin Ping, the managing director of San Teh, also
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      • 35 3 SINGAPORE Dr Hong Hai. a director and the chief executive officer of Haw Par Brothers International Ltd, bought 11.000 shares of the companv at $2.28 apiece on Nov 24.
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      • 38 3 SINGAPORE Dairy Farm International Holdings said its managing director, Owen Price, will retire in June 1993 after more than 18 years with the company. Graeme Seabrook, a Dairy Farm director, will succeed Mr Price.
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      • 64 3 KUALA LUMPUR The Aver Hitam Planting Syndicate Bhd yesterday announced a 66 per cent fall in its pre-tax operating profit to M 562.058 for the half-year ended Sep 30 from M$ 181,495 in the previous corresponding period. The company said in a statement that its
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      • 117 3 KUALA LUMPUR YTL Corp Bhd's 32 per cent owned luxury train service between Bangkok and Singapore will make its trial run in May next year. Francis Yeoh Sock Ping, president of Eastern Oriental Express and managing director of YTL Corp. said the service, which was originally
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    • 533 4 Company to advise Chinese firm on possible listing Reuter HONGKONG A hitherto little-known private Hongkong group, Cathay International, announced a US$l.B billion (552.9 billion) investment plan yesterday to rejuvenate parts of Beijing's industry and infrastructure. Vice-chairman Stephen Hunt also said that Cathay had
      Reuter  -  533 words
    • 449 4  -  From Catherine Ong in HONGKONG CHINA Strategic Investment plans a listing on the New York Stock Exchange for its mainland tyre-manufacturing operations. Chief executive Oei Hong Leong yesterday revealed the listing plan for China Stratethree tyre joint-venture plants in Hangzhou, Taiyuan
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    • 206 4 AFP TOKYO Moody's Investors Service Inc downgraded the long and short-term ratings of Japan's four biggest securities companies and several overseas units yesterday following their poor performances in the first half. "The downgrades reflect secular changes affecting the Japanese securities industry, the companies' low
      AFP  -  206 words
    • 304 4 Reuter SYDNEY Canadian media tycoon Conrad Black faced a grilling over executive share schemes yesterday from disgruntled shareholders of newspaper publisher John Fairfax, the company he rescued from receivership almost a year ago. Leading the onslaught at the annual meeting was investment
      Reuter  -  304 words
    • 391 4 South China Morning Post HONGKONG At least four Shenzhen companies will seek secondary listings on the Vancouver Stock Exchange (VSE) in the next few months, according to exchange public relations vicepresident Dave Laundy. The People's Bank of China is backing the Vancouver
      South China Morning Post  -  391 words
    • COMPANY BRIEFS
      • 99 4 TOKYO The Japan Securities Dealers Association is ready to impose penalties of up to US$l2l,OOO (S$ 197,593) on 13 securities companies which compensated favoured clients for investment losses, the Kyodo News Service said yesterday. Five securities companies New Japan Securities, Kankaku Securities, Dai-lchi Securities, Cosmo Securities
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      • 66 4 TOKYO Tokyo Electric Power Co Inc, the world's biggest private power company, said yesterday that its pre-tax profit fell 6.3 per cent in the first half to a lower-than-expected 66.5 billion yen (*****.5 million). The company said revenue in the six months to September edged up
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      • 74 4 TOKYO Japan's Suzuki Motor Corp said yesterday its pre-tax profit in the first half fell 11.5 per cent from a year earlier to 9.35 billion yen (S$ 123.4 million) but maintained its forecast for the full year. The country's largest mini-car producer and the world's third-largest
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      • 73 4 TOKYO Victor Co of Japan Ltd will boost production of its latest cordless answering phones to expand the company's market share to over 10 per cent, a Victor spokesman said yesterday. Victor will increase production of TN-S7OO, the firm's latest model, to 20.000 per month,
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    • 547 5 Computer maker's shares plunge after comments by analyst NYT DALLAS Dell Computer Corp's sabre-rattling against Kidder, Peabody Co and one of its securities analysts grew louder late on Monday when Dell announced that the Securities and Exchange Commission (SEC) was investigating the
      NYT  -  547 words
    • 312 5 FT LONDON Sara Lee, the US textiles, food and consumer products company, is in advanced negotiations to buy British Petroleum's consumer food group, which produces and sells packaged meats in several European countries. The value of the planned deal has
      FT  -  312 words
    • 259 5 Reuter TORONTO An Ontario bankruptcy court has approved a motion by Olympia York Developments Ltd (O&Y) to extend for one month the period the developer is protected from creditors in order to allow time for a debt-restructuring plan to be negotiated. The
      Reuter  -  259 words
    • 191 5 Reuter RIO DE JANEIRO Industry representatives attending the Latin American Petrochemical Association's (APLA) annual meeting said they were facing the worst crisis in 12 years. A surplus in the world production of petrochemicals and the move away from protectionism in Latin America are
      Reuter  -  191 words
    • 432 5 Reuter LONDON Thorn EMI pic saw the first fruits of its £560 million (551.38 billion) purchase of Virgin Music in its half-year result, which came in above market forecasts. Its pre-tax profit was up 10.9 per cent at £105.2 million. Chairman Colin
      Reuter  -  432 words
    • COMPANY BRIEFS
      • 74 5 BURBANK, California Entertainment giant Walt Disney Co and food-products giant Nestle USA Inc have announced a strategic alliance involving licensing, joint marketing, tie-in promotions and US theme park participation. The companies said on Monday that the long-term agreement will take effect on Jan 1. Under it.
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      • 66 5 PARIS Hachette, the heavily-indebted French media group, has revised the terms of its proposed merger with Matra, the defence electronics company, and finalised plans for its own 900 million French franc (SS27O million) capital increase. Under the new terms, Matra shareholders will receive 13 Hachette shares
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      • 64 5 LONDON Independent Television News (ITN) said that its executive directors would recommend the new offer from an enlarged consortium led by Carlton Communications pic upon confirmation of certain assurances. The consortium has announced an improvad bid with an option to buy the ITN shares
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      • 65 5 PITTSBURGH Westinghouse Electric Corp said that its board has approved a comprehensive financial and strategic plan to refocus the troubled company on five key businesses. The board also voted to cut annual dividends and will step up efforts to sell assets of its Westinghouse Financial Services
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      • 38 5 LONDON British mobile telecommunications group Vodafone reported on Tuesday that its half-year pre-tax profit was up by 23 per cent to £160.22 million (SS39B million), against £129.77 million for the same period last year.
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      • 53 5 KALAMAZOO, Michigan Upjohn Co said that the Food and Drug Administration has cleared its controversial Halcion drug, concluding that no further action regarding the sleeping pill was warranted. Halcion, temporarily banned in Britain and other countries, has been alleged to cause violent behaviour in users charges
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      • 57 5 LONDON British food retailer Argyll Group pic said its Safeway supermarkets are continuing to trade well and it expects a full year of "pleasing profits growth" after announcing a 15 per cent rise in half-year pre-tax profits. Argyll's 28-week pre-tax profits rose 15 per cent to
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  • Page 3 Advertisements
    • 47 3 1 IN THE MARKET PAGES Speculative M'sian stocks 20 Bearish mood in Jakarta 25 The Tiffany Golf Accessories Tiffany Co. i! I 33 jm- SINGAPORE: RAFFLES HOTEL. TEL: 3340 1 68 NEW YORK TORONTO LONDON MUNICH FRANKFURT BERLIN ZURICH MILAN FLORENCE HONG KONG SINGAPORE TAIPEI TOKYO 3
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  • Page 4 Advertisements
    • 170 4 WHITE CHRISTMAS? RED CHRISTMAS. be iji n g c h i n e s e orchestra THIS CHRISTMAS, LET THE BEIJING ORCHESTRA LIGHT UP THE SEASON WITH THEIR TRADITIONAL, YET ORIGINAL RENDITIONS OF OLD CHRISTMAS FAVOURITES. CDs Cassettes SKIN A —W Ql Pvf Cnw Iwpiiw i mSSmk, We serve food
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  • Page 5 Advertisements
    • 153 5 3E&KlJS&Mkssifc m I Gi I I WmM «w lllk' ?2T fit J■ W-mlm E 7 ,/vSB t U lllllH I 111 II 111 111 111 I Absolvment <S&&la/ionL PARIS &> AUSTRALIAN PROPERTY INVESTMENT FRIDAY27th SATURDAY2Bth NOVEMBER 1992 10.00 AM. TO 7.00 PM., WALL STREET ROOM, PAN PACIFIC HOTEL 'Adelaide *£anbena
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  • Page 6 Advertisements
    • 222 6 BELIEVE IT OR NOT Printed on this page are facts that'll give both fiction and-fantasy a run for their money. Mokele-Mbembe A dinosaur- like bea& has been sighted several times in the [African] Congo's Lake Telle by many people, including members of a scientific expedition, tt According to scientists it
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  • FINANCIAL NEWS
    • 534 7  -  First non-Swiss to sit on the board By Amy Balan SINGAPORE Veteran Singapore banker Lim Ho Kee, executive vice-president of Union Bank of Switzerland, has been promoted to the bank's enlarged group executive board in SwitzerlandMr Lim's promotion, effective Jan 1, will make
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    • 463 7 AFP TOKYO Japanese banks are expected to announce an improvement in core activities in the first half despite long-term problems arising from the bursting of the so-called bubble economy, analysts say. While a major collapse or even snowballing insolvencies among smaller banks is ruled out,
      AFP  -  463 words
    • 286 7 FT FRANKFURT Hopes that Europe's faltering economies would receive a boost from an early cut in German interest rates have been dealt a blow with the publication of figures showing a sharp rise in the growth of the country's money supply. There
      FT  -  286 words
    • 219 7 AFP SEOUL Two French banks have filed criminal complaints with the Seoul District Criminal Court against six South Korean banks for failing to pay for exports by a now bankrupt local firm, a manager confirmed yesterday. Banque Nationale de Paris (BNP) and
      AFP  -  219 words
    • SMALL CHANGE
      • 84 7 WARSAW The International Monetary Fund and Poland have agreed on terms for a new 14-month standby arrangement worth almost US$7OO million (S$ 1.14 billion), a key to concessions for Warsaw from other international creditors. Michael Deppler, head of an IMF mission in Warsaw, told
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      • 77 7 LIMA Peru signed a US$lOO million (S$ 163 million) loan agreement with Japan for the country's financial sector. The loan complements one for US$22O million made to Peru by the Inter-American Development Bank and signed in September. President Alberto Fujimori said the signing signalled the
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      • 68 7 STOCKHOLM The first move in a widely-expected restructuring of the troubled Finnish banking system was made yesterday when Kansallis-Osake-Pankki, Finland's leading commercial bank, announced plans to take over STS-Bank, the country's sixth-largest bank. As part of the deal, KOP and the government guarantee fund are
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      • 87 7 COPENHAGEN Denmark's second largest banking group Unidanmark said it had given up plans to merge with insurer Tryg Forsikring and mortgage credit firm Nykredit A/S. In a statement, Unidanmark said that lack of political backing for a merger of banking, insurance and mortgage credit activities in
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      • 94 7 TOKYO Japan must not issue deficit financing bonds under any circumstances. Finance Minister Tsutomu Hata has told Parliament. "It took us 15 years to stop issuing deficitcovering bonds in the past. We must not do it (resume issuing such bonds) under any circumstances," Mr
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      • 86 7 TOKYO Tokyo Electric Power Co Inc (Tepco) will start to evaluate investor demand before it issues straight bonds to make fund-raising smoother, a Tepco official said. Nikko Securities Co will act as lead manager for Tepoo's planned 100 billion yen bond issue and is investigating investor demand
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  • Page 7 Advertisements

  • THE REGION
    • NOTE BOOK
      • 82 8 MANILA The Philippines has vowed to improve the use of foreign aid and will meet donors twice next year to solve problems in absorbing aid and to receive new pledges of support, an official said yesterday. The World Bank will call the meetings,
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      • 55 8 MANILA A security guard pouring petroj into a mini generator outside a flower shop as the Philippine power crisis worsened yesterday with a six-hour electricity cut. The "brownout" came about as seven plants around Luzon failed, and four had to undergo maintenance, said a spokesman for
        55 words
      • 66 8 JAKARTA Indonesia plans to increase its cement exports to 3.5 million tonnes next year, up half a million tonnes from this year, a press report said here yesterday. The Bisnis Indonesia daily quoted Setiadi Dirgo, chairman of the Association of Cement Producers, as saying that
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      • 49 8 SYDNEY Indonesian security forces have arrested four close relatives of captured guerilla leader Xanana Gusmao in the East Timor capital of Dili, Amnesty International said yesterday. Mr Xanana's sister, Armadina Gusmao, her husband Gilman Exposto, and their two children were picked up on Tuesday, it said.
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    • 375 8 Reuter, AFP MANILA Philippine negotiators have urged the government to reject a compromise deal with Westinghouse Electric Corp over a shelved nuclear plant, a Philippine official said. Budget Secretary Salvador Enriquez said a special negotiating panel that had been meeting with Westinghouse on
      Reuter,; AFP  -  375 words
    • 312 8 Reuter WELLINGTON New Zealand cannot afford to join other countries which are pump-priming their economies and does not need to, economists say. As countries such as the US, Japan, Britain, France and Canada edge toward more growth-oriented policies, the possibility of
      Reuter  -  312 words
    • 304 8  -  By Harish Mehta SINGAPORE Two foreign companies are mining for gold and gemstones in Vietnam, which claims that it has gold reserves of 2,000 tonnes. A Vietnamese official said that about 10 per cent of these reserves can be exploited commercially,
      304 words
    • 457 8 AFP UNITED NATIONS A UN special investigator for human rights on Tuesday reported hundreds of detentions, arbitrary executions, disappearances and cases of torture in Myanmar. In a 30-page report, Yozo Yokota of Japan also raised concern about the fate of some 250,000
      AFP  -  457 words
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  • THE WORLD
    • 387 9 NYT LITTLE ROCK, Arkansas Advisers to President-elect Bill Clinton said on Tuesday that a meeting on the economy scheduled in Little Rock next month, originally described as an important policy conference, would be a televised discussion aimed at building support for his economic
      NYT  -  387 words
    • 408 9 Reuter BEIJING Chinese leaders have ordered the Armed Forces to root out nepotism and corruption after a reshuffle that removed senior army officers from power. The Central Military Commission, Beijing's supreme military council, published a directive in the official press yesterday,
      Reuter  -  408 words
    • 365 9 FT LUXEMBOURG The European Commission's campaign for a growth package to stimulate investment ,in the flagging European economy faces a test of cred- ibility in the coming weeks, EC officials said yesterday. The commission won a political victory on Monday when
      FT  -  365 words
    • WORLD WATCH
      • 47 9 AMSTERDAM The Central Bureau of Statistics on Tuesday said third-quarter GDP rose a provisional 1.3 per cent on the year-ago period. But economists say a slowdown in growth lies ahead as exports will increasingly suffer from the strong guilder the weak German economy
        47 words
      • 57 9 TOKYO Japan's industrial production will remain at low levels for the rest of the calendar year, the Ministry of International Trade and Industry said in a statement yesterday. The index of industrial production rose to a seasonally adjusted 120.5 in the July/September
        57 words
      • Article, Illustration
        36 9 "SARAJEVO Two boys warming their hands over a street •fire in front of their homes on Tuesday. Residents of the Bosnian capital are busy collecting wood to prepare themselves for a winter without electricity.
        36 words
      • 49 9 r.MOSCOW Russian President Boris Yeltsin told China's '♦Foreign Minister Qian Qichen that a "new historic era" had dawned in relations between their countries, Itar-Tass news agency said on Tuesday. The Russian leader would visit Beijing from Dec 17 to 19, Interfax news agency said.
        49 words
      • 85 9 WASHINGTON Western governments expect to decide by next Monday to give Russia more time to repay some debts of the former Soviet Union, American officials said on Tuesday. An agreement to reschedule half the US$7O billion (Ssl 14.3 billion) foreign debt was made possible on Monday
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  • Page 9 Advertisements
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  • 452 10 EDITORIAL NOW that the European Community and the United States have agreed on a farm deal, the onus on concluding the Uruguay Round of trade negotiations successfully shifts to Asia. More specifically, to Japan, and to an extent, Korea. The two countries have been steadfast in
    452 words
  • WHAT THE OTHERS SAY
    • 281 10 THE IMMEDIATE GAIN from the agreement between the United States and the European Community (EC) on farm trade at the weekend is that a debilitating trade war has been put off. But France now finds itself in a pickle. Two meetings take place today, at either
      281 words
    • 106 10 IT IS GRATIFYING to note that most madrasahs (Islamic religious schools), full-time and part-time, are complying with the Islamic Religious Council's (Muis) advice to have common certification for their graduands. This will enhance competition among the madrasahs and at the same time allow common or standard recognition by
      106 words
    • 116 10 THE RESOLUTION of the European CommunityUnited States farm trade dispute is a matter for rejoicing. Nevertheless, the re-opening of the Uruguay Round of negotiations and whether China can rejoin Gatt without a hitch are even more pressing issues. The countries concerned should be more positive in
      116 words
  • REGIONAL VIEWPOINTS
    • 179 10 THIS WEEK ushers in a moment of truth in the Diet for unearthing the facts behind the political scandal revolving around the Tokyo Sagawa Kyubin case, and for political reform. It is hoped that the government and opposition parties will do all they can to uncover
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    • 165 10 WHEN BEIJING SNEEZES, Hongkong catches a cold. Typhoons and storms are not known to have caused such slumps in the city where business waits for no man or time. Except, of course, if the man is someone like Zhu Rongi, vice-premier of China, and the time is the
      165 words
    • 158 10 A SIGH OF RELIEF was heard in the capitals around the world following agreement between the US and the EC on farm subsidies which had eluded the two sides in previous negotiations. The most recent dispute had threatened to erupt into a potentially damaging trans-Atlantic
      158 words
  • 938 10  -  Alok Rai, who was a Rhodes scholar at Oxford in 1968 along with Bill Clinton, wonders what kind of president he'll make Alok Rai, The writer is a professor of English at the Indian Institute of Technology, New Delhi. Reprinted with permission from
    938 words
  • Page 10 Advertisements
    • 387 10 ffshore SOUTH EAST AMA 9th Conference Exhibition World Trade Centre Singapore 1- 4 December 1992 Make the most of your exploration rights and maximise your production capacity at Asia Pacific's biggest and most event Offshore South East Asia. an ploration right is only the start shore onto a multi- -rp~-
      387 words
  • Page 10 Miscellaneous
    • 83 10 DOONESBURY GMWVf TRUDEAU 111 OKAM, BEFORE WE LOOK ["77 SURE. THERE'S NO WE PIPNT JUST FAIL TO FILL 1 KNOW! Ml T n TOTHE FUTURE,LETSGO WSTBW, LACEf-WE THE Gap's 'BIQ IEVSUSEA XXJR AROUND THE TABLE, AMP WERE TAKEN DOWN 0/ CLBARED TT! AND THEN WE [XFFERENT TURN. FND OUT WHERE
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  • ANALYSIS
    • 1289 11  -  The global insurance industry has been shaken by a series of natural and other disasters. Soh Tiang Keng discusses how it is weathering the crisis and finds local insurers thankful for their limited international exposure Soh Tiang Keng BATTERED by hurricanes, earthquakes and ship collisions, the
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    • 765 11  -  Stephen Labaton says Ernst Young got off rather lightly in its deal with the US government on Monday Stephen Labaton NYT AMERICAN federal regulators trumpeted the US$4OO million (Ss64o million) settlement they reached on Monday with the accounting firm of Ernst
      NYT  -  765 words
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    • 228 11 DEER PARK SHOPPING CENTRE MELBOURNE AUSTRALIA PRICE RANGE $A 3 0 MILLION DEVELOPMENT AREAJMMfiggftr^Mjg arterial Arui marked *r« to b« uMd at in indication ontjr A MAJOR SUB-REGIONAL WITH IMMEDIATE DEVELOPMENT POTENTIAL ON AN EXTENSIVE GREENFIELD SITE. IMMEDIATE POTENTIAL TO DRAMATICALLY IMPROVE INCOME. Strategic location in the Western growth corridor.
      228 words

  • Page 12 Advertisements
    • 1164 12 Nothing Beats A Bud. where to wine, dine OP A FIRST FOR EXODUS EXODUS rated Malaysia's top entertainers after winning fj, f|t the group category in the 1991 flfj* Top of the Pubs competitionis bringing their exciting brand I of music to Singapore. The talented Paul brothers will ■itf imSF.
      1,164 words
  • Page 12 Miscellaneous
    • 686 12 TELEVISION AND RADIO \ltrrVifmorD man ***** I2JO <*•£ SSSS tsiiu**- business on raoq— 1 1 l-l 1 C XXAdXX 725 PM Opening followed by Ja- spoken word has Annie Ution. BBC, 88.9 Hlb h VHF Band H V pan Business Today. spooked when she tells her 6.48 Asuhan Budi (Religious
      686 words

  • LIFESTYLE
    • 1021 13  -  Jodie Foster is going to have her own production company. A deal with Polygram will allow her to build on her unusual mixture of roles as actress, director and producer. Joan Dupont talks to the actress Joan Dupont IHT JODIE FOSTER has been handed a
      IHT  -  1,021 words
    • 445 13 CHATTERBOX HOTEL GUESTS who get nervous about purloining the bathroom soap have a lot to learn. A stuffed bear, a grand piano and a crop of onions growing in the grounds were among items listed as stolen by guests in a survey
      445 words
  • Page 13 Advertisements
    • 236 13 AND ENTERTAIN «=c=== 1 t i JUmk /^VU^H jUEmI 'fflß i/ 7 ■y^ I NT' A PastaParadei There's more to pasta than meets the eye. Savour pasta in a multitude of ways. i < Every Thursday Buffet Lunch from 12 pm at $19.50++ Buffet Dirmer from 6.30 pm at $21.00++
      236 words
    • 301 13 Here's a break from your busy schedule that also pays. $1,000 to be exact Just solve the BIZ WORDS puzzle in today's or any other two days' Business Times this week. Attach the two days' BIZ WORDS coupons to this Saturday's entry form and the $1,000 cheque could be in
      301 words
    • 284 13 2 Nov to 30 Nov '92 or the hypochondriac, the Chinese herbal concoction of a variety of health soup at China China Restaurant will be just the thing that will inject energy and strength into your life. A different soup is served everyday of the week. Prices range from $12.00
      284 words

  • ADVERTISING & MARKETING 1
    • COPY LINES
      • 89 14 SINGAPORE Gerry Scholes, well known as the "Original Tatler Man", has joined the Henen Group as managing director of Henry Lim Holdings Pte Ltd. His appoint- ment is expected to strengthen Henen's client servicing abilities, an area in r which he is expected to devote
        89 words
      • 74 14 SINGAPORE The Body Shop said its turnover in Singapore has risen 87 per cent over last year despite the retail doldrums along Orchard Road. "We remain confident that market opportunities still exist in Orchard Road even in spite lot our current move towards decentralisation", said Anne Downer,
        74 words
      • 65 14 SINGAPORE Tourist guide books published by the Asian Business Press (ABP) have been endorsed by the Hongkong Tourist Association and the Singapore Tourist Promotion D Board. The endorsements allow ABP to distribute 32,000 0 copies of the Japanese edition and 16,000 of the Chinese edition at
        65 words
      • 42 14 SINGAPORE Visa International has appointed Peter Zheng as its Asia-Pacific advertising and promotions manager. Formerly a group account director from Batey Ads, he will be responsible for Visa's advertising programmes in Singapore, Malaysia, Thailand, Indonesia and India.
        42 words
      • 44 14 SINGAPORE lain Arthur, president of the European Federation of Sales Promotion, is here this week to discuss the latest promotional tools in the European market. He will bring along 21 campaigns from seven European countries. Those interested can telephone 475-9377.
        44 words
      • 79 14 SINGAPORE Asia's largest market research company, Survey Research, has established a joint venture market research firm in China, the first in the country. The new company, Survey Research Group (Guangzhou) Ltd, will be headed by Louis Tong and will have 90 staff. SRG China will
        79 words
    • 208 14 S'pore hub for Hill Knowlton HILL Knowlton Singapore announced a change of managing director on Monday. In the same breath, it said its local office will be upgraded into a hub for its South-east Asian operations. In a telephone interview, the visiting chief executive officer and president of Hill Knowlton
      208 words
    • 379 14  -  Sylvia Wong reports on Visa's claim that it has taken some of the travel and entertainment business away from Amex Sylvia Wong CREDIT card company Visa International said it has made strong headway into its arch rival American Express' travel and entertainment market two months after it
      379 words
    • 193 14 Pretty shoes that promise sole satisfaction as well THE next time your feet are pinched by a new pair of leather shoes, Rockport would like you to know that it has tried to make work shoes as comfortable as athletic shoes. To convince you
      193 words
    • 526 14  -  James Flannery looks at US efforts to get Russians to consume more peanut butter James Flannery Reuter IT STARTED dccades ago with blue jeans Russia's insatiable hunger to share the American consumer dream. Then came rock music, cola drinks, hamburgers, pizzas, computers, aerobics, sneakers, even hellfire
      Reuter  -  526 words
    • 650 15  -  Why do people avidly watch certain TV ads while 'zapping' most others into oblivion? One agency believes it has some answers. Stuart Elliott reports Stuart Elliott NYT ONE OF the most puzzling questions in advertising since Stan Freberg wondered who put those "eight great tomatoes
      NYT  -  650 words
    • 666 15  -  Deirdre Carmody lcx)ks at the interest in the kids' print market Deirdre Carmody NYT ZANE said: "Oooh, too disgusting. Why do you have to take pictures like that?" "So disgusting," Glendaly said. "But it's interesting." "I think you should run more,? Patrick said.
      NYT  -  666 words
    • 782 15  -  Karen Stabiner looks at a multicultural Los Angeles ad agency's attempt to graduate from ethnic marketing Karen Stabiner NYT IT SOUNDS like a highconcept situation comedy an advertising agency run by a black entrepreneur, an Asian journalist and a Colombian would-be opera singer. Lots of jokes
      NYT  -  782 words
  • Page 14 Advertisements

  • Page 15 Advertisements
    • 950 15 ft KANSALUS-OSAKE-PANKKI S Consolidated Balance Sheet Consolidated Income Statement As at December 31, 1991 For the year ended December 31, 1991 1991 1990 and receivables Income oa financial operations Cash 1,0513 910.5 Interest income *****.1 *****.1 Due from the Bank of Finland 1,527.6 ***** Income on hire purchase, factoring and
      950 words

  • Page 16 Advertisements
    • 230 16 I M IV I I I 11^1 -m I I J L I I LJI B I II l| 1 r k I X m f 1 V 1 I W^K Iff C', >.V''..*i- &■r^flß^ai^KsK s x v Wffrtfv^v&N < HJt^^^l. U v<l 2 .V RESERVE YOUR EXCLUSIVE SEAT FOR
      230 words

  • Page 17 Advertisements
    • 149 17 L—^———— T, <fc-- u"V-, "sbt, f '™>-'it ilhT 1» S&l=s >T» FROM NOV 28, OUR NEW REGIONAL FREIGHTER SERVICES WILL TAKE IN MORE OF ASIA. 1 Singapore Airlines Cargo now has a 8737 freighter that is exclusively dedicated to serving Asia. With this regional freighter we 11 offer capacity to
      149 words

  • SPORTS 1
    • 597 18 AP SYDNEY Craig Pany will be chasing a unique treble when the U*****,000 (*****,000) Australian Open golf championship begins today over the revamped The Lakes course. Parry last week won the Australian PGA title by three strokes and is aiming to become the first
      AP  -  597 words
    • 369 18 Reuter BONN Germany has been accused of leniency in doping cases in the wake of the sixmonth ban imposed on "beer drinking" ex-world champion swimmer Astrid Strauss. "I belief the Germans sometimes sty a lot about doping but „<Jo very little. This is
      Reuter  -  369 words
    • 471 18 Reuter, AP, AFP CHESTER, England Engine trouble cost Didier Auriol his chance of the world rally championship. The Frenchman's hopes disappeared on Tuesday when his Lancia stopped on, the 26th stage of the RAC British Rally, leaving rivals Carlos Sainz of Spain and
      Reuter,; AP,; AFP  -  471 words
    • 172 18 Reuter NEW YORK US Davis Cup captain Tom Gorman said on Tuesday that his heavily favoured team of tennis superstars would not take their Swiss opponents lightly as they prepare for the December finals. "Just because the Swiss team does not have a
      Reuter  -  172 words
    • 1133 19  -  Riddick Bowe went home to Brooklyn this week for the first time since becoming the undisputed heavyweight champion. George vecsey was there to record a triumphant, yet touching, homecoming George Vecsey NYT RIDDICK BOWE emerged from the limousine in front of his old high school, and there
      NYT  -  1,133 words
  • Page 18 Advertisements

  • Page 19 Advertisements
    • 155 19 THE FIRST AND ONLY OFFICE BUILDING WnUN i A 3-IN-1 INTEGRATED COMMERCIAL CENTRE Step into the future at Empire Tower. A unique 61-storey office tower which forms part of City Square Centre. Within a metropolis that also integrates City Square Shopping Complex and Crown Princess Kuala Lumpur. A high-powered address
      155 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3903 20  -  By S N Vasuki STOCK brokers spent much of yesterday deflecting rumours circulating in a quiet market where the Straits Times Industrials Index eked out only a 0.45 point gain to close at 1,419.79. Trading volumes rose from Tuesday's levels but predictably most
      3,903 words
    • Article, Illustration
      74 20  -  By Quak Hiang Whai THERE is no clear short-term trend for Hotel Properties. The weekly indicators appear to be heading downwards, which means the stock is inclined to ease. However, on the monthly chart, it appears to be sitting on an upward trend line which is still intact.
      SOURCE: BRIDGE INFO  -  74 words
  • Page 20 Advertisements
    • 53 20 CALL MILANO'S HOT DELIVERY HOTLINE NOW! I 468-2222 i I for mouth-watering Italian pasta, pizza, BBQ ribs, salads and more! Office/Home Delivery Hours: Daily from 11.00 am onwards (including Public Holidays). I FREE delivery for a minimum order of 10.00 $3.00 surcharge for delivery after 11.00 pm. i Milan© i
      53 words

  • 3067 21 F&N 1060 f 20 H.9% ANA Hotels 174 +14 +8.8% lnchcape 620 +10 +1.6% OCBC Foreign UIO +10 +0.9% SIA 200 1350 +10 0.7% SI A Foreign 1580 f 10 +0.6% UOB Foreign 765 +10 +1.3% Inno-Pac Loan 64 +5'' 2 +9.4% Hai Sun Hup
    3,067 words
  • Page 21 Advertisements
    • 29 21 With over 170 million cards honoured 1 at over 10 million establishments, MasterCard the whole y 9 access and ATMs worldwide. YOU'VE GOT THE WHOLE WORLD IN YOUR HANDS-
      29 words

  • 3507 22 q Sel Properties 130 +16 14.0% K.L Industries III +12 +12.1% SPK-Sentosa 113 +10 +9.7% hoe Prod 50« 83'/i 9'/» +12.8% v CASH 50« 74 +7 +10.4% i Sel Dredg 50« 58 +6 +11.5% Shell 438 6 ]-4% Hex/a Corpn 50* 86'/? +5'/i 6.8% M
    3,507 words
  • Page 22 Advertisements
    • 667 22 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 AND IN THE MATTER OF SUNTONY PTE LTD (In members' voluntary liquidation I NOTICE IS HEREBY GIVEN pursuant to section 308 of the Companies Act. Cap. 50, that a Final meeting of the members of the abovenamed company will be
      667 words
    • 347 22 IN THE MATTER OF THE COMPANIES ACT, CAP. SO AND IN THE MATTER Of GENERAL ELECTRIC (USA) APPLIANCE COMPONENTS PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN thai pursuant to Section 308 o4 the Companies Act. Cap. 50. the Final Meeting of the members
      347 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5637 23 Bernama PRICES on the share market elosed mixed yesterday, extending the trend since Monday, with strong buying centring on selected situational issues. Prices were traded broadly firmer over the first hour before gains were trimmed by profit-taking thereafter. Sporadic buying on dips, however, limited
      Bernama  -  5,637 words

  • BT SHARE INFORMATION SERVICE
    • 211 24 Company Date Year Group Net Net earnings Gross ga*n to profit/toss per share dividend (*000) (cents) fay a Hldgs Nov 24 Jun 92 $7.094($8.579) Hl<—) *<-> Tongkah Hldgs Nov 24 Jun 92 M$4,760l($2.565l) J Sateras Res Nov 13 Mar 92 MJ2.1111 ($3.3.881) -(-> -<-> t Pentex Nov 11
      211 words
    • 148 24 Comoany Data Yaar Group Nat Nat earning Cross ann to profit/toM P«r s»»ra dWdand (•000) (canto) Goodwood Park Nov 20 Sep 92 $22.110<$22.137 49(49) 80(80) H Msia Nov 20 Sep 92 |7,523(J430) 45 6(2.6) 50(15) Times Pub No* 20 Aug 92 J24.168(J35.903) 19.9(29.5) 10(10) ABB Nov 14 Jun
      148 words
    • 237 24 <>' Company Data Half-year Group Nat ann to profit/lass awooml ('000) 0t» mas Nov 25 Sep 92 M5149,498(5141.649) B Sembawang Nov 20 Sep 92 $23,517(58,909) 35 i?A *>a (up Nov 20 Sep 92 55,545(51.969) —(2.5) Summa In* Nov 20 Sep 92 51.350(5660) T^T CH Tang Nov 19 Sep
      237 words
    • 882 24 Current Ex Books Date Total for Total for payment date dose payable the year last year B 51(b) Jan 8 Jan 22 Jan 29 5% 12% Steel 50C 12%(b) Nov 19 Dec 3 Jan 2 12% 12% flmtt Enc 20c 6%TE Dec 4 Dec 10 Dec 30 12%TE
      882 words
    • 489 24 Company Rights Issue Aim Tedi Three-tor five 5100 per share Ex-date: Dec 10 Bks Close Dec 22 Acceptance and Payment NYA Guthrie GTS One-kxone <p SO 23 per share Ex-date: Nov 26 Books close: Dec 8 Acceptance Payment: NYA Jmn| Ei* Ore tor five <& 5210 pet share
      489 words
    • 441 24 Company Rights Is** tod Steel One-tor three M$2 20 per share Issue of *****m 50* Cumutotrve Redeemable Preference shares of 10 sen each 1992/97 (CUPS) with up to *****m Transferable Sutacnptoon Rights (TSR) lor an aggregate pnce of M$1 per CRPS with one TSR. on the basis of
      441 words
    • 172 24 FM Insurances Ltd: 39th AGM at the Metcalfe Auditorium, State Library of New South Wales, Macquarie Street, Sydney, on Thursday, November 26, at 10.30 am British and Malayan Trustees Ltd: AGM at its Board Room, 17 Philip Street, #08-00, Grand Building, Singapore 0104, on Thursday, November 26, at
      172 words
    • 357 24 In local curr In SS In US$ dy yr dy yr %<y %yr No* 24 Index chge chge chgt chgc chgt chge World 384.3 0.2 -5.9 0.0 -8.5 0.1 -9.3 $EAFE 446.9 O.O-ll.O -0.1-15.4 0.0-16.1 Europe 415.4 -0.5 1.0 -0.4-10.3 -0.4-11.1 Pacific 640.9 0.3 -20.0
      357 words
  • 613 24 i Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time I frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and
    CHARTS BY BRIDGE  -  613 words

  • CHINA STOCK EXCHANGES
    • 423 25 CLSA The CLSA Shanghai A Index soared 35 per cent to end the day yesterday at 3,646.35 on a much improved turnover of 2.5 million shares. The growing belief among local investors that the Shanghai domestic market has bottomed helped partly to
      CLSA  -  423 words
  • JAKARTA STOCK EXCHANGE
    • 956 25 Reuter BEARISH sentiment yesterday continued to linger on the stock market, bringing most prices down on selective buying, brokers said. They said foreign interest was limited in the industry sector. Indah Kiat fell 150 rupiah to 1,550 on turnover of 267,500
      Reuter  -  956 words
  • STOCK EXCHANGE OF THAILAND
    • 2133 25 Reuter STOCKS closed yesterday broadly lower in low volume as a 10-billion baht rescue fund pooled by brokers failed to start support buying, sidelining investors, brokers said. The SET Index lost 12.10 points, or 1.4 per cent, to 847.33 on low 3.4 billion
      Reuter; Source: Bridge Info  -  2,133 words
  • Page 25 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2577 26 UPI BUOYED by Prime Minister Kiichi Miyazawa's apparent support of additional stimulus measures to boost Japan's beleaguered economy, investors extended the stock market's winning streak through a fifth session yesterday. The key Nikkei Average of 225 selected issues added 205.92 points 1.19 per cent
      UPI  -  2,577 words
  • STOCK EXCHANGE OF HONGKONG
    • 2446 26 Reuter SHARES ended lower yesterday in volatile but light trading, as the market stumbled around for direction, players said. The blue-chip Hang Seng Index slipped 53.98 points to close at 5,918.54 after Tuesday's 78-point surge. It once broke above the 6,000 level in the
      Reuter  -  2,446 words

  • AUSTRALIAN STOCK EXCHANGE
    • 1965 27 Reuter PROFIT-TAKING in afternoon trade pulled share prices off their highs yesterday, leaving the leading index to close slightly stronger. Brokers said moves by arbitrageurs to cover short positions, combined with a healthy performance by Wall Street overnight, had triggered initial buying. "There
      Reuter; Source: Bridge Info  -  1,965 words
  • REGIONAL STOCK MARKETS
    • Late profit-taking drags Taiwan stocks down
      • 527 27 i LATE profit-taking from early, minor gains pulled stocks down to close lower in sluggish trade yesterday. The Weighted Index closed 13.71 i points lower at 3,673.51. Turnover was NT$6.5B billion against Tuesday's J NTS6.S billion. J "Investors are waiting for other peo- pie to begin buying or selling.
        527 words
      • 828 27 THE STOCK market slid in lethargic trade yesterday, due mainly to a persistent sell-oflf of Kepco, the most heavily capitalised issue, brokers said. They cautiously forecast a mild rebound today. "In general, the market was featureless," said analyst Park Yang-seok of Sunkyong Securities. "Declines in Kepco were yesterday's major
        828 words
      • 235 27 SHARES finished a bullish session fractionally short of the session high as the NZSE-40 Index rose 25.59 points (1.74 per cent) to end yesterday at 1,499.64. The market was boosted by a continuation of bullish sentiment after rises on Monday and Tuesday and by the Dow's 24.31 point
        235 words
      • 79 27 STOCKS are expected to remain steady today after a slight recovery yesterday. "The market will remain steady because financial institutions are buying at low- er levels," said Sunil Kothari, a brokfcr with Anil Kothari Co in Bombay, j Sources said the recovery was caused partly by the fact that
        79 words
      • 571 27 SHARE prices slipped yesterday as Manila continued to be plagued by power cuts and brokers said any technical rally this week would not change the trend significantly. The Manila Stock Exchange Com- posite Index closed 10.50 points lower at 1,281.18. Investors were letting go of Manila Electric Co shares,
        571 words
      • 50 27 i Close FrerimB +JNo» 25 NEW ZEALAND NZSE-40 Capital 1.499.64 1.474.05 +25.5* MAMLA Composite Index 1.281.18 1.291.68 -I0.5P Turnover (mil pesos) 194.66 217.9 -23.24 TAIPEI Weighted Price Index 3.673.51 3.687.22 -13.71 Turnover (NTS billion) 6.58 6.5 +0.0^ SEOUL Composite Stock Index 652.47 655.05 -2.5^ Turnover (billion won) 460.45 755.99 -295.54
        50 words

  • WORLD STOCK MARKETS
    • Wall Street rallies on renewed optimism
      • Article, Illustration
        989 28 STOCKS staged a pre-Thanksgiving Day rally on Tuesday in heavy trading as a pair of encouraging economic reports rekindled investor optimism about the economy, lifting broader indices to record levels. The Dow Jones Industrial Average, which slid 4.32 points on Monday, jumped 25.66 points to 3,248.70. The broad
        989 words
      • Article, Illustration
        1126 28 SHARE prices rose on Tuesday on rumours Spain is to follow its 6 per cent weekend devaluation of the peseta by withdrawal from the European Monetary System. The rumours reversed the previous downward trend, which had set in after publication of high German money supply figures seen as reducing
        1,126 words
      • 244 28 THE STOCK market was depressed on Tuesday, as the DAX Spot Trend Index lost 1.35 per cent on the day to end at 1,510.28 points, while the Commerzbank Indicator was off 28.30 points to 1,689.60. Dealers said the plunge was due to the Bundesbank's announcement on Tuesday morning that
        244 words
      • 293 28 SHARES closed lower on Tuesday despite recouping some of the day's earlier losses in late trade. Investors remained sidelined by worries about continuing corporate earnings weakness and worries over the European Exchange Rate Mechanism. The EOE Index closed down 0.60 points at 274.65. DAF closed down one guilder, or
        293 words
      • 391 28 THE BOURSE was hesitant early Tuesday morning, but then gained confidence later on the first day of the December trading month, particularly because of better-than-expected French and US statistics, operators said at session's end. The CAC 40 Stock Price Index was off by 0.30 per cent at the opening,
        391 words
      • 101 28 SHARES fell on profit-taking on Tuesday, sobering up after recent euphoria sparked by Sweden's decision to float the kronor last Thursday. The All-share Index slipped 0.74 per cent to 837.26. and the Top-16 Index fell 0.23 per cent. Turnover was a healthy 916 million kronor. The market has risen
        101 words
      • 344 28 INDUSTRIAL stocks ended firm on Tuesday on continued demand for selected quality shares, while shortage of scrip added to upward pressure on prices. But prices were off earlier highs as jobbers were not convinced of the market's gains and short-sold shares, dealers said. Modest gains in index-linked blue chip
        344 words
      • 239 28 STOCKS finished virtually unchanged on Tuesday after a moderate trading session, dealers said. "There wasn't really anything going on. The bank rate (rise) didn't do anything, we knew it was going to happen," trader Rolie Bradley of Maison Placements Canada said. The TSE 300 edged up 0.99 to 3,259.25
        239 words
      • 303 28 SHARES closed sharply lower on Tuesday, hurt by worries the latest EMS crisis could stop interest rates in Italy falling as rapidly as many players had hoped. "A decline of about 2 per cent in share prices was already on the cards following Monday's rally, but the troubles in
        303 words
    • 353 28 Nov 24 Close Previous NEW YORK Dow Jones 3.248.70 3.223.04 +25.66 S&P500 427.59 425.12 +2.47 Turnover (million) 247.70 192.53 +55.17 LONDON FTSE 100 2.727.1 2,722.9 +4.2 FT-30 2,040.1 2.034.3 5.8 Turnover (million) 539.2 461.3 +77.9 FRANKFURT DAX Index 1.510.28 1.530.89 -20.61 AMSTERDAM EOE Index 274.65 275.25 -0.60 PARIS CAC-40 1.720.61
      353 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1173 29 REPORTS THE US dollar ended a deadly quiet Tokyo session yesterday narrowly mixed, with the approach of the US Thanksgiving Day holiday today eroding market enthusiasm. "People are doing nothing, with no sense of direction, no momentum," said Takahiro Ninomiya, a
      1,173 words
    • 396 29 Cross rates Nov 2 USS SS MS Dm Yen SFr AS NZS USS 1.6310 2.5250 1.5960 123.80 0.6566 1.4310 1.4514 1.9342 SS 0.6131 1.5481 0.9785 75.9044 0.4026 0.8774 0.8899 1.1859 MS 0.3960 0.65 0.6321 49.0297 0.2600 0.5667 0.5748 0.7660 Dm 0.6266 1.0219 1.5821 77.57 0.4114 0.8966 0.9094
      396 words
    • 605 29 Interbank rates SS Bid Offer Overnight 1 7/16 I 9/16 1-month I 3/4 I 7/8 2-month 2 2 1/8 3-month 2 1/8 2 1/4 Owight mode: 1-3/8 LSS Bid Offer 7 days 3 1/16 3 3/16 1 month 3 1/8 3 1/4 2 months 3 15/16 4 1/16
      605 words
    • 303 29 Reuter STOCKHOLM Turmoil on European currency markets has only strengthened the argument for tighter European cuirency cooperation, in which Sweden wants to participate, Prime Minister Carl Bildt said. "The currency turmoil and the strains the European ERM (exchange rate mechanism) has been exposed to...have demonstrated
      Reuter  -  303 words
    • 1492 29 SjjfEX EUWOOOUAH Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96.09 96.09 96.07 96.08 4446 3080 ***** Mar 93 96.19 96.20 96.18 96.18 6700 4455 ***** Jun 93 95.79 95.81 95.78 95.79 3200 2473 ***** Sep 93 95.37 95.40 95.34 95.34 1510 1488 4088 Dec 93
      1,492 words

  • COMMODITIES
    • 351 30 Reuter VIENNA Several Opec ministers demanded higher oil prices on Tuesday as they arrived for Vienna talks but doubt prevailed on whether Saudi Arabia would join any output cuts to ratchet up the market. The Organisation of Petroleum Exporting
      Reuter  -  351 words
    • 274 30 Reuter LONDON The overproducing world sugar industry faces political and economic changes which could help limit its more extreme price swings, sugar analysts say. Raw sugar traded at 8.50 cents a pound against up to 45 cents a pound in the early
      Reuter  -  274 words
    • 794 30 REPORTS THE PRICE of tin rebounded to close three sen higher at M$ 14.02 per kg on the Kuala Lumpur Tin Market yesterday after remaining stagnant at a six-year low of M$ 13.99 for the past two days. Dealers said renewed buying
      794 words
  • 1500 30 Rubber HAS Commodity Exdumge (tuturw dosing as at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Dec 92 0.00 0.00 144.25 0 2.250 Jan 93 144.50 144.25 144.25 350 3.900 Feb 144.00 144.00 144.25 25 4.650 Mar 144.75 144.75 144.50 200 5.000
    1,500 words
  • Page 30 Advertisements
    • 529 30 BUSINESS TIMES ToH It— TX No 737 0Q43 Fax No: 734 3696 GUTHRIE GTS LIMITED (Incorporated in Singapore) LOST CERTIFICATES Transferable Subscription Rights The undermentioned certificates have been reported lost, destroyed or mislaid: Name CertUtcatea No. No. Of ShSfM Rabobank Nominees *****9 to *****3 5 1,000 (Singapore) Pte Ltd Kwan
      529 words
    • 405 30 THE COMPANUS ACT, CAP. M ACHILLXL'S A TROCHA SOINTinC PT* LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary Oeneral Meeting of the Member* of ACHILLBUS TROCHA SCIENTIFIC PTE LTD duly convened and held *i 101 Upper Ooee Street #04-43 People's Park CmM, Singapore 0103 on t)» 20th day cf November
      405 words

  • 1149 31 g*> Flight ETA Flight ETP Miielde QF81 1935 QF82 2050 SQ228 2040 Amman RJ183 0005 AKMM SQ319 0810 KL838 0040 KL837 1515 Atkm* SQ347 1730 Auckland BA11 1310 SQ288 2015 Bahrain GF148 0855 B Sort Btgawan BI453 1105 SQ182 0935 SQ181 1425 8196 1405 B429 2030
    1,149 words
  • THE TRAVEL PAGE
    • 363 31  -  LETTER FROM CAPE TOWN By Sahm Venter A RUSSIAN icebreaker with 63 wealthy tourists aboard left Cape Town, South Africa, on Monday for a month-long adventure in the icy expanses of Antarctica, an increasingly popular destination for rich travellers. Environmentalists have warned that increased tourism
      363 words
    • 151 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1166 1.1325 Canadian dollar 1.2500 1.2752 NZ dollar 0.8333 0.8510 Sterling pound 2.4717 2.5065 US dollar 1.6270 1.6350 Local dollars to 100 units of foreign currency Austrian schilling 14.35
      151 words
    • 100 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Dec 26Valencia Valencia, Fetia Muestrano *****6.11.00 Jan 20-23 British Education Barbican EMAP lntl 071-*****47 Jan 3, International Spain International Training Centre, Exhibitions Ltd, 1993 Trade Fair De Valencia Technology London London Jan 7-10 Autos ports Birmingham Haymarket
      100 words
  • Page 31 Advertisements
    • 49 31 Finnair the only Scandinavian airline flying wide bodied aircraft to Europe. Fly Finnair's new wide bodied MD-11 to Europe and find out why long hauls are a thing of the past. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
      49 words
    • 6 31 Innovation Technology in BT every Tuesday
      6 words
    • 243 31 |.I'J ki r hold this while, i x i cAme. our wrmour my ON rue. SCAFFOLDING HIGH PvfiOVC. THe SCfc&u)..J <s\ GLCV&o *n 41 v V v \U4Ns^sSb; ©LONOINI (SCAFFOLDING N «S TO THe GeMTfc.7) e>frnxe P*G*\hst N([ Mv J ]s Ak Ticket Only/" Ticket Hotel Only) HQBSSQSQ^QS m TKe
      243 words
  • Page 31 Miscellaneous
    • 320 31 1 Absolutely certain to be above zero 5 At home inside that protec- 9 Assiduous in ensuring noth- —L*J—L*J——LmJ—LbJ—ing enters through this way 12 It's discourteous if gun fired at everyone by a 13 Fail to tell the truth in being I 1 I I I I unable to up
      320 words
    • 164 31 Singapore Outlook: Occasional showers in the late morning and afternoon. Report: Maximum temperature 30.6 Assoc humidity 68% Minimum temperature 24.2 Assoc humidity 97% Hours of sunshine 4.15 Rainfall in mm 7.4 Rainfall this month 496.0 Rainy days this month 19 World report Asia-Pacific Hi/Lo* Cond. Auckland 20/14 Rain Bangkok 32/23
      164 words

  • 277 32 Reuters, AFP PARIS Prime Minister Pierre Beregovoy said yesterday that France would veto any Gatt trade accord that was contrary to French interests as farmers' protests against the accord spread across the country. Mr Beregovoy told parliament that France intended to
    Reuters,; AFP  -  277 words
  • 423 32  -  Move a rebuff to Bush, warning to Clinton Compiled by staff from agency reports SINGAPORE In a rebuff to US President George Bush and a warning to Presidentelect Bill Clinton, China appears to have suspended its discussions with the United
    423 words
  • 382 32 Reuter PARIS Cocom, the trade watchdog set up to keep Western technology with military uses out of Soviet hands, agreed on Tuesday to start dismantling export controls to the Soviet Union's successor states. Cocom, or the Coordinating Committee for Multilateral
    Reuter  -  382 words
  • 292 32 Reuter, FT TOKYO Foreign Minister Michio Watanabe suggested yesterday that Japan might have to choose global free trade over its longstanding rice import ban. "Japan will face a severe choice: are we going to oppose the Uruguay Round to the
    Reuter,; FT  -  292 words
  • 186 32 Reuter BRUSSELS Nato is hoping to strike a landmark deal with its former enemies in Eastern Europe next month that would lead to joint EastWest peacekeeping operations across the troubled continent, alliance sources say. The plan, backed by nearly all Nato members and
    Reuter  -  186 words
  • 743 32  -  The Bottom Line HARISH MEHTA HARISH MEHTA The writer isaßT correspondent. COULD Japan and China enemies-turned-brothers ever become enemies again? Could the world see the day when the two countries take up arms over oil-rich islands they both claim in
    743 words
  • 115 32 AFP PRAGUE Czechoslovakia's Federal Parliament yesterday passed a government Bill partitioning the country, as of December 31, 1992. The move means that two independent states, the Czech and the Slovak republics, will be established next Jan 1. Last Wednesday, the Federal Parliament narrowly rejected
    AFP  -  115 words
  • Page 32 Advertisements
    • 73 32 Every Saturday in Business Times '€^1 Set Menus from $48" A-La-Carte Karaoke Dining Rooms xMonday-Saturday 11 00am-3.00pm 6.30pm-l I 30pm Sundays Public Holidays from 10 00am s*>*. Pt. I m ill MAPLE QARDEN SEAFOOD RESTAURANT A New Dimension to Chinese Cuisine Owned Managed by Exquisite Cuisine Re Ltd Level 2
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    • 40 32 Editorial: Let them eat rice, PglO Fast, effective, asprin-free relief of colds/flu, sinusitis and hay fever including nasal congestion, sneezing, running nose, fever, Available at all leading pharmacies, headache, minor aches and pains Sole Distributor Summit Co (S) Re Ltd
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    • 46 32 Every Saturday Business Times COMMENCING 20 NOVEMBER 1992 DISCOUNT UP TO 65'/i [5] US SO El GENESIS CRYSTALS I Raffles Place #01-01 OUB Centre Singaopre 0104 Tel: 532 4510 Business Hours: Monday to Friday 10.30 am to 6.30pm Saturday 10.30 am to 2.30pm Sunday/Public Holiday Closed
      46 words

  • ISEAS Trends
    • 1626 33  -  Andrew Mack looks at nuclear proliferation in the region Andrew Mack Professor Andrew Mack is Head of the Department of International Relations at the Australian National University. DURING the past year, there has been good and bad news on the nuclear proliferation ftoht. Concerns \4bout
      1,626 words
    • 1544 33  -  Sree Kumar ponders the question Sree Kumar The writer is a Fellow of the Institute of Southeast Asian Studies. THE East Asian economic miracle has been aired extensively in the last five years and with it a growing army of researchers has been trying
      1,544 words
    • 1530 34  -  Geraldine Heng discusses the relevance of A Manifesto for Cyborgs to our society Geraldine Heng Dr Geraldine Heng is a Lecturer in the Department of English Language and Literature, National University of Singapore. IN 1985, a brilliant young primatologist in the US called Donna
      1,530 words
    • 1001 35  -  Or will the incumbent US President let Clinton be glory boy? Mike Yeong examines the question Mike Yeong Mike Yeong is a Fellow of the Institute< of Southeast Asian Studies. WILL President George Bush move to normalise relations with Vietnam before the
      1,001 words
    • 187 35 THE ASEAN Economic Bulletin (AEB) a journal which appears three times a year was launched in 1984. It provides a forum for exploring aspects of economic and political interaction and co-operation among the Asean states, as well as their relations with major economic partners. The AEB also
      187 words
    • 1252 36  -  Kenneth Christie looks at the changes wrought by the end of the Cold War Kenneth Christie Dr Kenneth Christie is a Oetturer in the Department of Political Scifhee at tM National Universityof Singapore and is author of the forthcoming book, I Problems in Europeaa Politics.
      1,252 words
    • 615 36  -  Keng-Fong Pang sheds some light on this little-known group Keng-Fong Pang Dr Keng-Fong Pang was i?ntU recently a Visiting Fellew at ISEAS. NEAR the southern coastal city of Sanya in Hainai) Island, about 5,000 Muslims inhabit two villages 4 km apart on the road leading
      615 words
  • Page 33 Advertisements
    • 442 33 (Incorporated in the Republic of Singapore) I ANNOUNCEMENT I I Unaudited results of the Group's operations for the six months ended 30th September 1992 are as follows: I GROUP I Apr to Jul to I Sept 92 Dec 91 or- I $'000 $'000 I TURNOVER 104,419 H0. 116 '52 I
      442 words


  • Page 35 Advertisements
    • 160 35 RESIDENTIAL INVESTMENT OPPORTUNITIES IN PERTH 3 Choice Residential Estates await your selectionl CLAIR PORT KENNEDY A Growing Betchsidt Community Enjoy the very sest. Freehold land Land Area 700 sq m to 1,044 sq m Land Price A 533,000 to A 586,000 Choose from a range of house designs Financing up
      160 words
    • 284 35 GIVING IpKiFTS^Pof^pW You the mmm WINNING! MMM EDGE fJI $4 NOVEMBER 1992 Learn from Dr Russell Olive, a proven educator from Sloan School of Management, MIT and expert consultant to Arthur D Little Management Education Institute, U.SA. Over 100 CEOs and managers from emerging growth companies and MNCs have benefitted
      284 words
    • 86 35 i UNCLAIMED CARGO of i HANDMADE CARPETS f° r s AUCTION 3 SUNDAY, 29TH NOVEMBER 1992 Eg I.OOPM AUCTION R (Viewing 10.00 am to 12.30pm) S R MAGNOLIA ROOM, 3RD LEVEL jj E HYATT REGENCY SINGAPORE 5 110 pieces consisting of carpets, rugs and E runners from India, Pakistan Kashmir
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  • Page 36 Advertisements
    • 215 36 CHECKOUT SINGAPORE'S FIRST ON-LINJ ELEGITOMC ght^LßM^& WIN Just tune into SPH Shine m *410# on Teleview! j If s true if s easy! Win yourself the first MHHHH prize of the latest NEC P6 handphone! jHHNHBH LJ Plus a host of other prizes: 2nd Prize: A pair of Citizen Strada
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    • 41 36 ideal in cameras. And I know whereto getgpod exposure. ®Biii (a Call today for results tomorrow. 737-1166 i t r NOT SURE WHERE TO PUT YMNI/ Get the answer in Personal Investment 'it Finance. Every Saturday in Business Times Business Times
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  • Shipping Times
    • 423 37  -  By Juliette Walker SINGAPORE Greater investor confidence in the tanker industry could be nurtured if vessels could attract higher freight rates. In addition, the insurance industry needs to differentiate between quality and substandard tonnage, said Tormod Rafgard, managing director of the International Association
      423 words
    • 389 37 SINGAPORE Germany's Bremerhaven port earlier this month began work to extend its container terminal. The terminal will be extended by 700 metres, gaining two new berths for large container ships. The traffic and stacking yards will be expanded by 800,000 square metres. When construction is fully
      389 words
    • 862 37 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 Alpha Feeders 6 1 ANL 3 1/2 Asia Cont Lines 14 5 ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 9 4 Bait Orient Line 7 4/5 Bangladesh Shpg
      862 words
    • 276 37 BANGKOK The Thai government has been urged to speed up the implementation of the Southern Seaboard Development Project in order to open up a new Seagate. The idea emerged at a recent seminar on "National Interests in the Gulf of Thailand"
      276 words
    • 488 37 South China Morning Post MELBOURNE A deal between an Australian forwarder and a Shanghai-based China-Hongkong joint venture means Australian companies will be able to bypass Hongkong, ship direct to China and no longer have need for agents in the colony. Liberty
      South China Morning Post  -  488 words
    • 238 37 UPI JAKARTA The Indonesian government has decided to file suits for up to US$6OO,OOO (*****,000) against the owners of two vessels involved in a sea collision last September. Mr Suntoro, director of sea communication, said yesterday his agency would file a
      UPI  -  238 words
    • LOG BOOK
      • 75 38 CAIRO Supertankers sailing through the Suez Canal to the Gulf will pay 45-55 per cent less in tolls starting Dec 1, the chairman of the canal authority Mohammad Ezzat Adel announced. He said empty tankers coming from the Gulf of Mexico will pay
        75 words
      • 71 38 HAMBURG Shipping and tourism group Hapag-Lloyd AG said group operating profit would drop to 74 million marks this year from 90 million last year. Financial executive Bernd Wrede told a news conference group sales would rise to about 3.8 billion marks this year from 3.65 billion
        71 words
      • 82 38 WASHINGTON The US National Transportation Safety Board has offered the help of its laboratory to read the flight data recorder in the China Southern Airlines Boeing that crashed on Tuesday, killing all 111 passengers and crew. A board spokesman said the offer passed through
        82 words
      • 52 38 Reuter OSLO File photo of the Russian nuclear submarine which sank off the Norwegian coast in August 1989. Norway says the threat of radiation from the submarine's leaking atomic missiles is minimal and that raising the sunken vessel would be more risky than leaving it to
        Reuter  -  52 words
      • 75 38 COPENHAGEN Denmark's troubled shipping, graphics and consumer products group East Asiatic Co Ltd (EAC) announced a new restructuring plan trimming overseas activities. The plan centred on the sale of its graphics and tinned meat production centres in the United States, Germany and Britain. EAC also forecast
        75 words
      • 58 38 LONDON Adverse weather around Limassol has delayed several vessels, Lloyd's Shipping Intelligence said. The St Vincent and Grenadines-flag freighter Fleet Feeder which was reported sailed Limassol on Nov 19 for Piraeus, is delayed in Limassol roads. The Greek ro-ro Lindos which left Limassol on Nov 22
        58 words
    • 1193 38  -  Frankfurt is building a new airport terminal with a united Europe in mind. But it is keeping its options open in case that aim is a little slow in being realised, reports Michael Mecnam Michael Mecham Aviation Week Space Technology Frankfurt/ Main Airport has "topped
      Aviation Week & Space Technology  -  1,193 words
    • 843 38 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      843 words
    • 9023 46 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. LEGEND PN: ship calls at Penang after
      9,023 words
    • 3310 51 A ■L MC Containerline NV: Bclsin Shpg Agencies Pic Ltd (SVMarinc Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Ptc Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Ptc Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albntros Sea-Air Service: Frata Shpg Ptc
      3,310 words
    • 258 51 Abacus Couriers Tel: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144. .Airborne Freight Corporation Tel: 542-8844 Fax: 542-3716. *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: 273-8283. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: 742-8975. City-Link International Tel: 344-3377. Fax: 345-6450. Cluster Link Supplies A Services
      258 words
    • 1457 51 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Sinsaoore Td: 542-7822 Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05. Td:°S»2-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74. *****50. Ah Market Express
      1,457 words
    • 3453 52 ALBANIA Dunes: 9 vessels in port of which 1 each discharging vegetables oil, meat, bagged sugar, bagged flour, chicken feed, 2 discharging general cargo; 1 each loading ferro chorme, chorine ore. ARGENTINA Bkki Aim: Port quite with several general cargo berths available. Saa Lorenza: 4 vessels in port
      3,453 words
    • 552 52 ARRIVALS Op Hight Type ETA T From TODAY KAL KE697 B747F 0150 1 SEL SI A SQ827 B747F 1730 2 CPH/DXB CLX CV794 B747F 1845 1 LUX/DXB NCA KZ203 B747F 1930 I NRT KAL K.E685 A30F 2345 1 SEL/MNL TOMORROW JAL JL615 B747F 0240 I TYO NWA
      552 words
    • 243 52 CRUISE FERRY SCHEDULES CRUISE SHIPS Afr Pep N—e of Vwcl ETA ETP Pom of Calh Port Agwrt Telephone No NOVEMBER 19 30 DoukK 0900 1700 Sin-Phuket Jardine Shpg Agencies 320-0295 26 26 Pacific Princess 0800 1700 Wodd Cruise Straits Shpg 225-0788 27 27 Cora Princess 1000 1900 Cruise to Nowhere
      243 words
    • 885 52 SHIP SALES TANKER RATES VESSELS ON OFFER duik varners Nidribn Mane 65,125 dwt and built 1984 Namura; inspectabie Japan Nov 15-17 delivery Far East by arriving thereafter, try US$l4.5 million. Co-op Express V: 58,074 dwt and built 1983 Namura; en route Sepetiba Brazil eta Dec 1; owners seeking best outright
      885 words
    • SHIPS IN PORT
      • 552 53 Vessel Voy No Berth Arriv* Depvtn Vessel Voy No Berth Arrival Depart" Jurong Port ASL 17/B J2 alongside 26.11/2300 Batangas 50 J5 alongside 26.11/2300 Chee Hua 2 01 J6 alongside 26.11/0900 Futwe Hope CFEL1 J7/8 atongsde 2611/0800 Gena 060/92 J3 26.11/0600 Onon 16 J4/5 2611/0600 Smdora Seraya
        552 words
      • 254 53 1-1 jonore ron Berth: 1: nil; 2: Seatran Sitvia; 3: Rich Star; 4: nil; 5: Barge Munar 2; 6; nil. 01 jetty: Matsukaze, Infra, Una 101, Bobo IV. DC£ Neo Avante, Alpha Lady. Due on Nov 25: Ajon, Suci, Sanyang, Jati, Kokuei Maru No 3. Due on Nov
        254 words
      • 1563 53 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS SNp Voy No Coitafcun ntUbk Ship Voy Wo Contafcwn avalabk Anes 9295 23.11.92 1235 D Sumatra 82S COO(EST) 24.11.92 1500 Snsamut SRS44N 23.11.92 1315 Hari Bhum 74S COO(EST) 24.11.92 1500 Repulse B 0531 23.1192 1343 Otympia 1001 COO(EST) 24.11.92 1500 Eagte
        1,563 words
    • 358 54 fTHE DRY cargo freight futures market extended recent -gains on Tuesday amid talk 4hat US Gulf/Japan grain was at US$25, about US$l "above recent business and confirming the tightness in nearby supply, brokers said. The Baltic Freight Index '(BF1) was set 13 points higher at 1,289. Bifiex activity
      358 words
    • 350 54 Mar 11-14, 1993: Japan World Resort and Cruise Fair '93, to be held at Pacific Centre, Yokohama, Japan, organised by 'The Seatrade Organisation. For further information contact Seatrade at 005-206-***** or ;fax 005-206-*****. 'Sep 27-29, 1993: Seatrade 'Tanker Industry Convention, to be held at Royal Lancaster Hotel in
      350 words
    • 407 56  -  By Juliette Walker SINGAPORE Motorists in Singapore can buy safer and environment-friendly cars in the future without paying more, according to Communications Minister Mah Bow Tan. Singapore's vehicle quota system will enable the government to require the installment of added
      407 words
    • 425 56 Reuter DETROIT General Motors Corp will find it more difficult and expensive to sell US$l billion (Ssl.6 billion) in preference stock due to Moody's Investors Service's downgrade of the securities and other GM debt, analysts say. GM, which recently filed a shelf registration
      Reuter  -  425 words
    • 466 56 NYT NEW YORK Delta Air Lines has agreed to match the winter discounts America West Airlines disclosed on Monday. All the major airlines have now agreed to offer the discounts, which average 30 per cent, on competing routes. The debt-plagued industry thus finds
      NYT  -  466 words
    • 457 56 AFP OTTAWA The future of Canadian Airlines International remained in doubt on Tuesday when Canadian Transport Minister Jean Corbeil rejected a demand for Cs2oo million (Ss26l million) in financial guarantees to save the ailing carrier. The airline, the successor to the once-proud Canadian
      AFP  -  457 words
    • 471 56 NYT WASHINGTON Boeing Co said that it would slow production rates on its 757 and 767 jetliners next year, resulting in the loss of an estimated 2,000 jobs in the Seattle area and 500 jobs in Wichita, Kansas. "The decision takes into
      NYT  -  471 words
    • 472 56 Reuter MOSCOW Russian air controllers said they would go on strike as planned next week despite government moves to abolish their union and warned passengers could die if their demands were not met. "The union leadership has been meeting for the last two
      Reuter  -  472 words
  • Page 37 Advertisements
    • 21 37 Ums mi MrvieM wprMMtd Mirtin «f the Rtgbtry of Accra«tai fcflgJlM SMdblm Ainti Sbicaiori NtthMl StateSyKSz E P YvS^yy P*n® AltOCUluOvl.
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    • 378 37 the FAMOUS CuißOPf ■!MIII?I* 224 1833 For more information plean« refer to Pg. 13 Frankfurt airport: Set for a borderless Europe, Page 2 Safer, greener cars at no extra cost in future: Mah Bow Tan, Back Page I The 2nd International Shipping Law Conference I I On Carriage Of Goods
      378 words

  • Page 38 Advertisements
    • 84 38 4 —1 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional lode at successful small firms and
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  • Page 39 Advertisements
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    • 1212 39 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday 1 in BT 1 OIUAScft UNITED ARAB SHIPPING CO. fSAG)/!^ To USEaatCoaat>l ■/T I■ I-I 1 i uinM M. ImAAMI ft 2/12 Vil l/tl 7/tl Vtt H m mam m w/u iwi am oj%\ 1
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    • 1150 39 iOiWHiHiIWH IKLY DIRECT CALL TO NAGOYA EALAND VOYAGER V.186E ETA SIN 1/12/92 ETA NAGOYA 10/12/92 Voy ETA ETD Faadar by j DESTINATIONS c-wnra* mmtm >302 I oom«8 I 350 MRS JOM LPK PEN OAK LOB HOU MEM ATL MIA CMS BAL PML MYC MOW T0« iSiS 0302 I 1/121 2/12
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  • Page 40 Advertisements
    • 1265 40 I HAMBURG EXPRESS 11/147 26/11 12/12 15/12 13/12 -j t MillSgWP I I I HANNOVER EXPRESS 11/347 28/11 8/12 16/12 19/12 21/12 23/12 I I I KURAMA 19/148 3/12 19/12 22/12 20/12 I j I FRANKFURT EXPRESS 65/348 5/12 15/12 23/12 28/12 26/12 WMTOWUmm |I I LA SEINE 27/149 10/12
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    • 476 40 FCL Breakbulk Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder In Kabul for al services C.1.5.-Vootochny, Vladivostok, Moecow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam e Mongolia e Hungary CSFB e Poland ocT<B>Trans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA I F—df Vea—l Hi VILLE DE LA FONTAINE 03/12 li
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  • Page 41 Advertisements
    • 1309 41 H STRAITS SHIPPING PTE LTD 10 Ho« Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CARGO DUE SAJLS ll'Ml RAJAH BROOKE *221 Muaa. Lab 2* 27 Nov 21 Nn 21 Rw STRAITS STAR VIK Muara. Lab 01-02 0k 03 Dec 05 Dm SINGAPORE KOMPONGSOM RAJAH BROOKE
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  • Page 42 Advertisements
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    • 1400 42 HANJIN SHIPPING FDR VSL I JM I LIE HAUL SEA VCR FDR VS. SM |UE HAUL SA* Ul NYC FBH6UMD BAY 213N 30/11 HAMM CHUNGMU 094E25/12 26/12 FBHOJARO BAT 213N 30/11 H SAVMMAN 03SC 7/1 1/1 11/1 NWNCKJU 089E 7/12 M. HASAN 075E 30/12 1/1 HAMM OEJU OIK 7/12 M.
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  • Page 43 Advertisements
    • 1386 43 ACE: 'NEPTUNE TOPAZ 25 W ETA SGP 28/TI/92 II II VOL II ETA LEH 14/12/92, FLX 15/12/92, 11 jyr II RDM 17/12/92, BRV 18/12/92 U SGP MOTHER IWH VOY »OP LOS I OAK VAN *Tl N>K I I N AMBER 09E 02/12 C. SATURN ME 20/12 24/12 N AMBER 09|
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    • 1211 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) I FULL CONTAINERSHIP SERVICES i I EASTBOUW)—DSCHARGHG WESTBOUHD-LOAOWG
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  • Page 44 Advertisements
    • 1632 44 K" "W AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) W W W7\ TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****07/^9 l%| M MALAYSIA: 'K'UNEMARmME(MALAYSIA)SONBHO I A A Am# TEL SA *****00 PK *****01/5 PENANG *****0 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA- P.T. SARANA LAUT WTERNUSA TEL JKT *****76.
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  • Page 45 Advertisements
    • 1083 45 PACIFIC INTERNATIONAL LINES (PTE) LTD rntmmmmm m M WKKm 140 Cecil Street. #03-00 PIL Building, Singapore 0106. Tel: *****33 CR NO: **********0E I JAKARTA I BANGKOK vessel voy sin bkksin VEB £L VOY J* T SRI BAMUT (THAI FLAO) SRS4SN 2S/11 2/12 S/12 KOTA INDAH 411 29/11 2/12 6/12 KOTA
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    • 49 47 1/C VISA FREIGHT SERVICES PTE LTD@ Established Since 1984 OCEATOA PORTS "SW I AUCKLARD SYDNEY VPORT export HEI£OURRE FREHAJYTLE FOR BOOKING ft SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: *****66 TOLL-FREE TEL: *****34 PAX: *****86 FAX: *****37
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  • Page 48 Advertisements
    • 2692 48 Conventional Semi-Container Full Container Liner Services Liner Services Malaysia's Afents: Indonesia's Afents: General Agents: Booking Agents: General Agents: Booking Agents: Guan Gum Shining Sdn BM Chung Chiao Skinning Sdn BM P.T. Ghkai Pntra Indonesia Maritime Yick Fung Shiooine CnObkb Arkm Costar Shipping Pit Ltd Frtighi Seeking Centre Sdn BU 58
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    • 317 48 r== SMWDBU MDMESU (S) PTE LTD 15 McCALLUM STREET #03-01/00 NATWEST CENTRE 0-KM Tatoc RS23UO T«t mart-3 F«E 228 4SM, 227*1* FPU >ooiawo« call DUCT une TEL; *****41/ SM/JAK SERVICE vessel voy sn jak PELOPOR 1058 28/11 (SAT) 01/12 (TUE) ELBE STAR 012 28/11 (SAT) 30/12 (MON) MAJESTY 917 28/11
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  • Page 49 Advertisements
    • 549 49 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOI/PIREAUS 29/tl ROTTERDAM 29/11 WUFA/ASHDOD/ALEXANDRIA 29/TI HAMBURG/BREMEN 29/TI MARSEILLE/FRANCE 29/11 FELIXSTOWE/UK 29/TI BARCELONA/SPAIN 29/TI LEHAVRE/ANTWERP 29/H GENOA/ITALY 29/TI GOTHENBURG/SCANDINAVIA 29/TI LOS ANGELES/WC/IPI 29/TI SYDNEY/MELBOURNE 28/TI NEW YORK/EC 29/TI FREMANTLE/ADELAPE 2/1Z VANCOUVER 29/TI BRISBANE 30/TI
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    • 1481 49 P^^^lc»«L^SrßlsrTcENClt^S^T^To 1%1 TEL: *****33 (12 LinM) HI It LSI FAX: *****15/*****03 B TELEX: RS ***** RIBHIP (3 Lin—) JAKARTA I 1 I —1 m l m \-0 FTHMPIAN QUIPPING LINES bhum o« oiw 1/12 mm bhum mm fh 27/n /n T!a£s *5 i 1^ HHUM I«*s 01/12 05/12 6. KOflHTStr*
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  • Page 50 Advertisements
    • 1257 50 *4*mac-nels groupage I IPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 'p.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 29/11 30/11 1/12 Honf Kong Ldn/Fh/Rdm/Ant/LHV 3/12 4/12 5/12 2/12 3/12 4/12 Hong Kong G'burg/Chagon/STiolm/Chlo 29/11 30/11 1/12 6/12 7/12
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  • Page 52 Advertisements
    • 137 52 UP LIVING IT *3 EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you re alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or
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  • Page 53 Advertisements
    • 40 53 r€e y ears Any Job. Any Career. Available Any day. Any Time, anywhere. The Straits Times The Sunday times Business Times The New Paper LIANHE ZAOBAO LIANHE WANBAO SHIN MIN DAILY NEWS BERITA HARIAN BERITA MINGGU mm Singaiiare Press Hofdmgs
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  • Page 54 Advertisements
    • 333 54 Genes and money r Indonesia's retail scene I 1 I Will Singaporeans go out and be counted? Whither the Singapore bourse? Building towards a labour crunch Fatal management attraction Expertise grants for small businesses China advertising's great leap forward Brand names as corporate status symbols hSmmm 0 Seoul scans the
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    • 18 54 Find out how sellers are reaching out to buyers in Advertising and Marketing. Every Thursday in Business Times
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  • Page 54 Miscellaneous
    • 450 54 TOPAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OSOO 0900 1000 1100 1200 1300 1400 1500 IMO 1700 1100 1900 2000 2100 2200 2300 JR 26 2.7 2.5 2.1 1.7 1.3 1.1 1.2 1.4 2.0 2.7 3.2 3.3 3.1 26 20 1.4 09 05
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  • Page 55 Advertisements
    • 1108 55 Jk HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS PNA+ PKE PO)+ I SW I MM ANT* LEH* HAM Btt| FtL H. FROIfTO 302W 27/11 27/11 27/11 29/11 11/12 1«/12 19/12 19/12 19/12 22/12 H. COMMMDCR 3011 V 4/12 4/12 4/12 6/12 29/12 29/12 30/12 26/12 26/12 21/12 SI
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    • 447 55 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS USSU NT V flue u ftllCU 17 SU bN HUM Kin 171 SU 17/11 m 21/11 IT! m 1 21/11 ail MCM U IS/11 22/11 utu TltMl 22 N/ll CM lIU II 5/12 7/2 SUi Ml IBM 71 1/12
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    • 1086 55 OUR USA pr-p5-|=n= n |u, |C- |5 M. |»c SERVICE CALLS aa> aaa rm »i/u mtiai couaaus nia c-ti/u n/u a/u a/u a/u n/u a/u a/ii wu SINGAPORE ow hm »U5 a/u MiMnni —w »«a«» a-u/u n/u a/u a/u a/u n/u ai/oi n/u w/w DIRECT EVERY aawaaa ivu jUMM lacacr
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  • Page 56 Advertisements
    • 137 56 Every Saturday in Business Times p. t I '4 1 P"- 5 I V.'; v ■■<■.-.. V < 1 v'v •.1 i x. ■> ,"i .»"rS' ■■-.V-. "1 r-, "«»'i v, v *$sSSgs^xv :co; f.■■;.■ lilS# V >• i -''V«?' —'"v /> N '*-VV* '> H'yj?.y#Z'v* :>.• ,V, v -\<
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    • 13 56 a J i f I k I A k I I? I INVESTMENT
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