The Business Times, 10 December 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times THE BUSINESS PAPER FOR S-E ASIA MITA (P) 35/12/91 Thursday, December 10, 1992 75*
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  • NEWS SUMMARY
    • 60 1 LONDON The BBC World Television reported late last night that Prime Minister John Major was about to make an announcement in Parliament concerning the separation of Prince Charles and Princess Diana. British TV stations said that the Buckingham Palace office of Queen
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    • 56 1 LONDON World oil prices tumbled yesterday, extending an abrupt slide that has taken them down by 15 per cent in seven weeks because of market concern about excess supply. Futures for North Sea Brent Blend were down 29 cents here in late morning to U5517.65 per
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    • 26 1 THE federal government in Malaysia yesterday announced plans to censure the monarchy in parliament, raising the spectre of a constitutional crisis. Page 3
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    • 34 1 SHELL is close to investing another $1 billion in Singapore's petrochemicals sector. It is in the final leg of studies for a proposed petrochemicals complex on Pulau Seraya Page 3
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    • 34 1 THE escalating war of words between Britain and China over Hongkong is causing much concern among Japanese contractors starting work on a US$2OO million bridge project in the colony Page 8
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    • 38 1 TEN out of 12 EC member states are determined to press ahead with implementing the Maastricht Treaty on European Union whether or not Denmark and Britain join them in ratifying the accord next year. Page 9
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    • 20 1 FERRUCCIO Ferragamo, who commands a US$2OO million fashion business, spends a lot of time chasing copycats Page 16
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    • 38 1 CRUISE SHIPS are not seeing the usual year-end tidal wave of local holiday-makers. They are having to compete with cheap air fares and a lingering hangover from the tragic Royal Pacific sinking. Shipping Times Page 1
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  • MARKET SUMMARY
    • 33 1 WALL STREET stocks dipped slightly yesterday after maintaining an upswing begun last Friday. The Dow Jones index of 30 leading industrials dropped 2.45 points to 3,319.79 five minutes after trading opened.
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    • 29 1 LONDON share prices were weakened in midday trading yesterday. At 1230 GMT, the FT-SE index of 100 leading shares was down by 17.9 points to 2,751.9 points.
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    • 22 1 DBS BANK would take a 50 per cent stake in Prudential's corporate advisory house, Prudential Asia Capital. Page 4
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    • 23 1 MAGNUM CORP of New Zealand has disposed of its 49 per cent stake in troubled brewer Wilson Neill. Page 4
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    • 35 1 OFFICIALS of Grand Care Sdn Bhd, a private company owned by two well-connected businessmen, confirmed that it had acquired a 14.42 per cent stake in KFC for M 551.41 million Page 4
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    • 32 1 SINGAPORE will continue to be an important financial centre in the Asia-Pacific in spite of tough competition from other regional markets, says international accountancy firm Arthur Andersen Page 7
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 682.56 +2.45 Kuala Lumpur ....633.52 -2.41 Tokyo 17.406.22 +124.37 Hongkong 5,339.25 +136.98 Sydney 1,482.1 +13.3 Tuesday Change New York 3,322.18 +14^5 London 2,769.0 +15J
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    • 22 1 Exchange rates USS S$ 1.6370 100 Yen SS 1.3212 M$ SS 0.6446 Money market rates Overnight 3/8 +1/8 3-month 2% +1/4
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    • 35 1 LnnifflH Gold AM fix US$5333.40 -USS1.85 Rubber S'pore Jan 147.50*/kg +0.25 M'sia Jan 226.00«/kg -0.50 KL Tin Turnover 40tonnes -3 Spot MS14.31 /kg unch Crude pafan oil Turnover 1,484lots +215 Dec MJ920 /tonne -20
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  • 605 1  -  By Anna Teo SINGAPORE An expected five-party by-election contest for Marine Parade GRC turned out one short following a last-minute pullout by the Workers' Party (WP). The People's Action Party (PAP) team led by Prime Minister Goh Chok Tong will face
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  • 583 1  -  By Conrad Raj SINGAPORE Two economists from foreign broking firm Crosby Securities, a top Monetary Authority of Singapore official, and the editor of Business Times were charged yesterday with violating the Official Secrets Act. The four men Manu Bhaskaran, Crosby's economics research director;
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  • 444 1  -  Bankers withholding fresh loans From Leslie Lopez in KUALA LUMPUR THE problems facing Hong-kong-listed videotape manufacturer Swilynn International are beginning to be felt by its associates in Malaysia and the United Kingdom, bankers and industry sources say. After three of the group's UK
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  • 465 1  -  From I Florence Chong, Ramesh Divyanathan in SINGAPORE SINGAPORE AIRLINES and British Airways, two of the world's most profitable airlines, emerged as the only contenders for a stake in Australia's national carrier, Qantas. Singapore Airlines yesterday formally submitted its bid
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  • Page 1 Advertisements
    • 210 1 Burberrys V '%yy i Jgniit*!** i Reigns when it pours M Marketing 16.17 JM/Bkk/Ctona Stocks 25 Weather 31 Arcrait Schedule 31 KLSC 23 World News 9 Commodities 30 Money Changer Rates 31 Company News 4-6 Money Market 29 Cryptic Crossword 31 Regional News _.l 8 Editorial 10 Re®orial Stock Markets
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    • 15 1 Hock Lock Siew: Investors should learn ins and outs of foreign exchange markets, Pg 4
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    • 7 1 Analysis: Fast forward to tragedy, Pg 11
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    • 155 1 TOTAL TRANSPORTATION SERVICES CTROWN <3? PACIFIC 36 Pioneer Roed Singapore 2262 Fex: 862 2840 Tlx: RS ***** CRW NPAC Tel: 861 6818 More stories, Pg 2 Qantas plans to begin flights to Paris next year, Shipping Times Pg 20 The Chairman ivas famed for his surimming efforts Sutfezv knetv that
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  • PAGE 2 NEWS
    • 633 2  -  Marine Parade GRC bv-election By Chuang Peck Ming THE Marine Parade ward was picked for the by-elec-tion because it was the best bet for the People's Action Party, Prime Minister Goh Chok Tong said yesterday. With his two deputies down with cancer,
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    • 149 2 PRIME MINISTER Goh Chok Tong (far left) was leaving the nomination centre after filing his election papers when he strode into the incoming Singapore Democratic Party contingent near the school gate. Some lively banter ensued when they stopped to exchange greetings. "Can I say, may
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    • 402 2  -  By Shoeb Kagda THE Singapore Democratic Party will campaign to establish a viable two-party system in Singapore during the by-election, said its secretarygeneral Chiam See Tong yesterday. Obviously happy with the pull-out of the Workers' Party, Mr Chiam said the by-election
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    • 358 2 WORKERS' PARTY secre-tary-general J B Jeyaretnam said yesterday he was disappointed at not being able to contest the Marine Parade by-election, as time might be running out for him. The Workers' Party failed to file nomination papers on time because one
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    • 455 3  -  Amendments to rulers' rights under Constitution may be in the offing From Leslie Lopez in KUALA LUMPUR ATTACKS on Malaysia's royalty intensified yesterday, whpn the federal government announced plans to censure the monarchy in Parliament, raising the spectre of a constitutional crisis.
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    • 372 3  -  From Andrew Cooke in BANGKOK FORMER Thai prime minister'Anand Panyaraehun has refused an offer to take over the leadership of Chamlong Srirauang's Palang Dharma Party (PDP). Maj-Gen Chamlong proposed at a private meeting on Tuesday that Mr Anand take the Job. But
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    • 364 3  -  From Maggie Ford in JAKARTA PT UNITED Tractors, a subsidiary of the Indonesian conglomerate PT Astra International, yesterday signed a US$3O million (5549.1 million) three-year loan syndicated by the Singapore branch of Swiss Bank Corporation (SBC) and Japan's Yasuda Trust and
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    • 438 3  -  Next target: proposed petrochem complex on Pulau Seraya By Loh Hui Yin SINGAPORE Fresh from its multi-million-dollar purchase of the Singapore government's stake in a petrochemical complex. Shell is close to investing another $1 billion in the same sector. The Anglo-Dutch oil company is in
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    • 292 3  -  By Genevieve Cua SINGAPORE Multinational corporations should seriously consider teaming up with Singapore companies to tap regional markets, Minister of State for Trade and Industry Lim Boon Heng said yesterday. He said Singapore companies could be "business architects" for MNCs, as many local
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  • Page 3 Advertisements
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 102 4 SINGAPORE The Stock Exchange of Singapore has asked Wing Tai Holdings for additional information on its Dec 8 announcement which said Wing Tai was buying 19,237 shares from Wesmore Ltd and increasing its stake in Brave Dragon from 51 to 89.5
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      • 84 4 SINGAPORE The Stock Exchange of Singapore has asked Provisions Supplier Corporation (PSC) for information relating to two statements reported in a BT article on Dec 9: That PSCs managing director, Chong Kar Kee, expects 15 per cent of the group's projected turnover of about Si4o million next year
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      • 20 4 SINGAPORE Acma Ltd said yesterday that Ong Soon Kiat has resigned as a director of the company.
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      • 60 4 SINGAPORE The Beijaya group has clarified to the Kuala Lumpur Stock Exchange that two of its subsidiaries have agreed to sell land to Gleneagles Hospital. The sale involves two pieces of land, worth MS 19.18 million and MS 3.34 million. Meanwhile, the group said that it had
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      • 32 4 SINGAPORE The Asean Fund Ltd, a regional venture capital firm, has announced an unaudited net tangible asset backing per preferred share of USS 14.06 as at Dec 3.
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      • 42 4 KUALA LUMPUR Arab-Malaysian Finance Bhd has recorded a 25.7 rise in operating pre-tax profit of M 538.59 million for the half year ended Sep 30, 1992, against M 530.69 million in the same corresponding period last year.
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      • 62 4 KUALA LUMPUR Arab-Malaysian Merchant Bank Holdings Bhd recorded a 4.2 per cent rise in group operating pre-tax profit to M 588.53 million for the half year ended Sep 30, 1992, against M 584.97 million previously. Group turnover increased by 23.5 per cent to M 5537.03
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    • 442 4  -  From Catherine Ong in HONGKONG SINGAPORE'S DBS Bank will join forces with Hongkong-based merchant bank Prudential Asia in a corporate finance joint venture. At a press conference in Hongkong yesterday, DBS and Prudential announced that the Singapore govern-ment-backed bank would take a 50
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    • 335 4  -  By Dexter Lee SINGAPORE Sembawang Shipyard was partly responsible for the flash Are on the Stoit Spur in which six people were killed and 61 others injured, the Labour Ministry said yesterday. The shipyard now faces court action for failing to ensure welding
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    • 378 4  -  By Schutz Lee SINGAPORE DG Group of New Zealand has disposed of its 49-per cent stake in troubled brewer Wilson Neill, which it described as a "disastrous investment", for about NZ$6.7 million (555.7 million). According to a Reuters report yesterday,
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    • 149 4 Bernama KUALA LUMPUR Re-source-based, Mega First Corporation Bhd is looking for more investment opportunities locally as well as overseas in property development, processing and plantation besides its core business in the mining sector. Group managing director Lim Keng Kay said the company had despatched
      Bernama  -  149 words
    • 477 4  -  Fran Leslie Lopez in KUALA LUMPUR AS IMPATIENT creditors step up demands on finan-cially-stricken Innovest Bhd to settle its debts, intense be-hind-the-scenes corporate manoeuvres are taking place to secure control of the group's lucrative investment in KFC Holdings Bhd, the local publicly-listed
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    • 561 4  -  THE HOCK LOCK SIEW COLUMN By SN Vasuki SINGAPORE Volatility in the foreign currency markets has undermined the financial stability of many a transnational enterprise. And as more and more listed Singapore companies venture overseas with ambitious plans, local investors should
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    • 312 5 Reuter JAKARTA Major Indone- sian retailer P T Matahari Putra Prima has shrugged off the gloom on the Jakarta fctock market with its public listing 1,800 per cent over- -< subscribed, lead underwriter PT Jardine Fleming Nusantara said. Matahari will sell 8.70 million shares, 20.68
      Reuter  -  312 words
    • 383 5  -  From Al Labita in MANILA HONG LEONG's Grand Plaza Hotel Corp will be 'listed today amid a sluggish market, a lack of buyer support and brokers' coolness towards the issue. "We don't think the issue wfli perform well in the
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    • 274 5 Knight Ridder Ridder BANGKOK Four international groups of companies have submitted bids ranging from US$494 million (SSBOS million) to US$52B million to build a Thai petrochemical aromatics plant. Aromatics (Thailand) Co Ltd said yesterday that the lowest bid of US$494 million came
      Knight Ridder; Ridder  -  274 words
    • 424 6 Bloomberg TOKYO Electronics giant Fujitsu Ltd has successfully produced the world's first 256-megabit dynamic random access memory chip, the company said. The news first appeared in the Nihon Keizai newspaper in what many observers saw as a deliberately leaked article intended to steal the
      Bloomberg  -  424 words
    • 492 6 33pc hike in spending on plants, equipment driven by rising demand UPI WASHINGTON Intel Corp, citing rising demand for its advanced computer chips, on Tuesday announced plans to increase its capital spending next year by 33 per cent, to US$l.6 billion (552.6 billion). Intel, the
      UPI  -  492 words
    • 412 6 Bloomberg PITTSBURGH H J Heinz Co's earnings per share for the second quarter rose 30 per cent, exceeding analysts' expectations by more than 7 per cent. Analysts said their estimates were actually on target and that the better-than-expected results reflect a more
      Bloomberg  -  412 words
    • COMPANY BRIEFS
      • 101 6 LONDON Tomkins pic said on Tuesday it controls 84.2 per cent of Ranks Hovis McDougall pic, five weeks after outbidding Hanson pic for the ailing company. On Monday, Tomkins said it controlled more than 50 per cent of Ranks Hovis McDougall's common share
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      • 76 6 LONDON Amstrad, the UK consumer electronics group whose shareholders meet today to decide the fate of Alan Sugar's 30 pence-a-share buyout bid, has bowed to pressure from investors and is to appoint two non-executive directors to its board. On Tuesday, as the deadline for receipt
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      • 67 6 CHICAGO McDonald's Corp has begun test-marketing of a vegetarian burger. But the company that has made the red-blooded American hamburger an international cultural icon on a par with Coca-Cola is doing its best to play down its exploration of the meatless burger frontier. The meatless burger
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      • 70 6 LOWELL, Massachusetts Wang Laboratories said it asked the US Bankruptcy Court in Boston to extend the time it has to file its reorganisation plan. The computer company, which filed for Chapter 11 protection on Aug 18, had 120 days, or until Dec 16, to file
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      • 29 6 LONDON SG Warburg was on Tuesday appointed as coordinator, financial adviser and lead broker in the government's third sale of shares in British Telecommunications.
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 294 6 I Jm M /HERE IN v V THE WORLD WOULD YOU FIND A BANK THAT OFFERS INTEREST-EARNING ACCOUNTS WITH CHEQUES IN 9 CURRENCIES? Right here In Singapore, that's where. Ringgit, Hong Kong Dollar or Netherland Guilder. And where in Singapore? At the bank that puts you at the centre of
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  • FINANCIAL NEWS
    • 389 7  -  Success predicted in treasury, risk management products Reports by Soh Tiang Keng SINGAPORE The international accountancy firm Arthur Andersen says Singapore will continue to be an important financial centre in the Asia-Pacific in spite of tough competition from other regional markets. In its Asia-Pacific
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    • 194 7 FT FRANKFURT Deutsche Germany's largest bank, on Tuesday reported a s»'per cent fall in group operating profits for the first 10 months of the year. The result was worse than analysts' expectations and contrasted sharply with the robust figures Deutsche's competitors have reported
      FT  -  194 words
    • 262 7 SINGAPORE Tokyo, Hongkong and Singapore will remain the key financial centres of the Asia Pacific, according to the Arthur Andersen survey of capital markets. But Singapore poses a threat to Hongkong's lead in certain key areas, the survey says. Singapore has
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    • 360 7  -  Funds may be used to acquire Indonesian firm By Dawn Tan SINGAPORE Major Indonesian pulp and paper producer, PT Indah Kiat Pulp Paper Corporation, raised U*****.2 million (***** million) from the offshore capital markets in two separate loan deals struck this month. The two loans
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    • SMALL CHANGE
      • 76 7 SINGAPORE United Overseas Bank said it had raised a US$l4 million (Ss23 million) loan facility for Thailand's Particle Planner Co Ltd. In a statement, it said the loan facility, raised jointly with four other banks, would be used as general working capital. Particle
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      • 101 7 TOKYO Tokai Bank is alleged to have been involved in dubious transactions in which it loaned money to clients to buy stocks, bonds and warrants, which were later sold to other clients at inflated prices, the Asahi newspaper reported. The transactions were conducted during the late
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      • 98 7 SINGAPORE More than 200,000 people have placed orders for the second series of Chinese AJmanac coins issued by the Board of Commissioners of Currency. Maggie Tan, manager of the coins department at the Board of Commissioners. said: "The demand is overwhelming every year. To cater
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      • 97 7 NEW YORK perhaps as soon as early 1994, account holders may be talking back to their automated teller machine and it won't be in disgust. AT&T and its computer unit, NCR, the world's largest maker of computerised bank tellers, are developing a new machine that identifies clients
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  • Page 7 Advertisements
    • 176 7 Within the spacious interior of the new Jaguar XJ6. all is distinctive luxury and comfort. Sumptuous, hand-sewn leather upholstery and mirror-polished walnut veneers convey all the richness and elegance you would expect of the world's most sought-after marque. Such uncompromising quality is fully matched by the choice of 3.2 and
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  • THE REGION
    • 476 8 AFP TOKYO Japanese contractors starting work on a US$2OO million (***** million) bridge project in Hongkong in the next two weeks are disturbed by the escalating war of words between Britain and China over the colony. Some members of the consortium say
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    • 322 8 Reuter KUALA LUMPUR South-east Asian nations could lose out to China and other countries in the race for foreign capital unless they liberalise and harmonise investment rules, economists said yesterday. "The opening of China and the formation of Nafta (the North American Free Trade
      Reuter  -  322 words
    • 426 8 AFP HANOI The Vietnamese government asked the country's legislators yesterday to approve a more liberal investment code to speed up the entry of foreign capital necessary to build up the economy. The proposed changes to the existing foreign investment law are designed to
      AFP  -  426 words
    • 382 8 AFP, AP MANILA President Fidel Ramos has ordered an expansion of the scope of Philippine privatisation, reinforcing his commitment to such a policy, according to palace documents released here yesterday. All government departments, bureaus and state corporations should identify any assets or activities
      AFP,; AP  -  382 words
    • NOTE BOOK
      • 87 8 JAKARTA An Indonesian lawmaker says the govemmen has underestimated the number of poor in the country b; nearly 90 million people, The Jakarta Post said on Tuesday Nearly 117 million of Indonesia's 183 million people live u poverty rather than the 28 million to
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      • 75 8 PORT MORESBY The resource-rich South Pacific nation of Papua New Guinea will open new trade offices in Tokyo. Singapore and Hongkong and one in San Francisco, saic Prime Minister Paias Wingti yesterday. Papua New Guinea currently has offices in Sydney and Brussels. The Department
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      • 70 8 MANILA Caltex Philippines, a wholly-owned subsidiary of Caltex of Dallas, is planning to set up a 300-megawati power plant in Batangas province south of here, compam officials said Wednesday. The plant will cost betweer US$35O million (*****.3 million) and US$4OO million anc will use bunker fuel
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      • 90 8 JAKARTA A species of Indonesia's brightly plumed birc of paradise is in danger of becoming extinct in its mair habitat in a national park in the remote province of Iriar Jaya, Antara news agency reported yesterday. John Maturbongs of the Irian Jaya branch of
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  • Page 8 Advertisements
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  • THE WORLD
    • 607 9 Agencies PARIS Ten out of 12 EC member states are determined to press ahead with implementing the Maastricht Treaty on European Union whether or not E>enmark and Britain join them in ratifying the accord next year, according to French President Francois Mitterrand.
      Agencies  -  607 words
    • 232 9 AFP TOKYO The Japanese economy continues to slow down as both consumers and companies are reluctant to spend while the labour market is easing, the Economic Planning Agency said in its monthly report yesterday. Takeshi Nod a, directorgeneral of the agency, told a press conference
      AFP  -  232 words
    • 442 9 Kim Young Sam accuses Hyundai founder of trying to buy presidency KOREAN AFP SEOUL Opposition presidential candidate Chung Ju Yung should be charged with violating South Korea's election law if he wins the Dec 18 presidential election, a majority party spokesman said yesterday.
      AFP  -  442 words
    • 452 9 FT JOHANNESBURG The South African Government said on Tuesday that it was cancelling planned talks with the ultra-radical Pan Africanist Congress (PAC) and would hold no further negotiations with the group until it distanced itself from attacks carried out by its
      FT  -  452 words
    • WORLD WATCH
      • 116 9 LONDON British Prime Minister John Major got heavily negative ratings in an opinion poll published yesterday. A Guardian ICM poll conducted last weekend found that only 23 per cent of the people who took part felt that he was doing a good job. Some
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      • 76 9 LITTLE ROCK, Arkansas President-elect Bill Clinton will resign as governor of Arkansas on Saturday and Lt-Gov Jim Guy Tucker will be sworn in as his successor, the governor's office said on Tuesday. Mr Clinton, who will be inaugurated as president on Jan 20, had put
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      • 56 9 DHAKA A summit of seven South Asian leaders due to be held in Dhaka this weekend has been postponed because of the crisis in India over the destruction of an ancient mosque. Bangladesh said yesterday. A Foreign Office spokesman said the summit might now be
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      • 88 9 TOKYO A Cabinet minister likened Japan's scandalplagued politics to a patient with Aids, a Japanese daily reported yesterday. "Politics today is like a festering wound," the Mainichi Shimbwi quoted Transport Minister Keiwa Okuda as saying on Tuesday. "It is a person with the Aids virus,
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      • 93 9 SAN JUAN With the election of a governor who favours closer ties to the US, Puerto Rico will make a controversial bid next year to become the 51st state. Pedro Rossello who won the Nov 3 election plans to hold a plebiscite in
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  • Page 9 Advertisements
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  • 499 10 EDITORIAL MALAYSIAN Finance Minister Anwar Ibrahim's broadside yesterday against the dithering on Afta had to come sooner or later. The way events have been developing of late, it was only a matter of time before the blast came. And what a broadside it was. Mr Anwar's
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  • WHAT THE OTHERS SAY
    • 217 10 FOR A TIME, as Germany and young Turkish girls burned, Chancellor Helmut Kohl fretted as his country veered towards what began to look like extermination psychosis. Now, at last, his three-par-ty coalition government has won the support of the opposition Social Democrats to enact restraints to
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    • 74 10 WHEN fanatical Hindus attacked the Babri Mosque in the northern town of Ayodhya on Sunday, they did more than reduce the 16th-century edifice to rubble. They also exposed the depths of Hindu fundamentalism and the weakness of India's government, posing a fundamental challenge to the nation's Constitution.
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    • 90 10 HINDU EXTREMISTS' destruction of the 16th century Ayodhya mosque. Babri Masjid, where they say warrior-king Lord Rama was born, illustrates the explosive combination of politics and religion. Only after the British colonial government divided the land across religious boundaries, forming India and Pakistan, have both political and
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  • REGIONAL VIEWPOINTS
    • 134 10 THE DEMOLITION of an ancient mosque by a mob of Hindu fanatics in supposedly secular and multi-cultural India, sparking riots and communal violence nationwide, and trouble around the world, has come as a shock to the country's educated political elite. The BJP's attempt to have its
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    • 112 10 IS THE Palang Dharma Party ready to continue without founder Maj-Gen Chamlong Srimuang as its leader? Chamlong says it is, but many Palang Dharma executives and most outsiders doubt that the four-year-old party will be able to grow without Chamlong at the helm. The Palang Dharma
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    • 113 10 THE QUEST is for a fire-safe country. That may be a herculean task for a nation which has recently been bedevilled by a spate of fires that greedily engulfed several key public buildings in Kuala Lumpur and resulted in the loss of millions of ringgit. The government
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  • 768 10  -  Benjamin Kang Lim finds some colourful candidates contesting Taiwan's Dec 19 legislature polls, the freest and fullest in over 40 years Benjamin Kang Lim Reuter Dissidents, millionaires. singers, a former nude dancer and a convicted gangster are running for Taiwan's legislature
    Reuter  -  768 words
  • Page 10 Advertisements
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  • Page 10 Miscellaneous
    • 96 10 POONESBURY GARRY TRUDEAU Irilj'l nouveN.teri I I I, pony know pro*- i| finpoutA utue I thosea^ arts reppin&s mm about yojr sense of \SoSI* HONEST i BtRTHRtACE. JUST A GENERATIONAL IPEN- 1 I ALLRGKT, MS.CAUQUS, OKAY,IST^SAY YOU'RE A IEfS RUN THROUGH A WORKING NIGHTPUTYAT THE I YOU POl A) WAKE
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  • ANALYSIS
    • 1479 11  -  Over the past few years, the Swilynn group seemed to be doing just fine. But aggressive expansion has brought about a credit crunch, and Ngan Ping-woon's empire appears to be crumbling now. Leslie Lopez reports from Kuala Lumpur Leslie Lopez SOMETIME in the mid1980s, Ngan
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    • 744 11  -  Russell Mitchell discusses the progress, or rather the lack of it, of Steve Chen's breakthrough supercomputer Russell Mitchell CLOAK the creation of an exotic new product in mystery, and excitement and anticipation will build for its eventual debut. But stretch out the
      Source: Smaby Group Inc  -  744 words
  • Page 11 Advertisements
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  • Page 12 Advertisements
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    • 316 12 WHERE TO WINE, DINE... TREATS FROM THE LAND OF THE RISING SUN j Our Oriental Corner at Cafe Plaza now features an updated I menu with popular fare like Teppanyaki, Shabu Shabu,Sushi. I Japanese Noodles and Tempura. With a selection of set j menus comparable to those in authentic Japanese
      316 words
    • 345 12 (fuess wfrols -ftmSanti this Chriitmas? m ve the world to you at Top of the M htkin*u*tfa«nn 111 Orchard Koad SmfporeO*?* Td *****11 Wine, Dine and make merry at the Paramount! CAFE VANDA MARINE TERRACE WSBBbSm Buffet Lunch FUN PUB CAFE VANDA $15.50 (adult) LE CAFE Buffet Lunch $10.00 (child)
      345 words
  • Page 12 Miscellaneous
    • 587 12 TELEVISION AND RADIO -W t- 1 1 a 9.00 News at Kin*. 6.00 Regional Hews (M). BUSINESS ON RADIO 1 <*% Li I nrAI bHUIZ 9.30 Murder She Wrote Danse 6.30 Reasons Behind Quranic Rave- 10UI12 rrallKcnsiclll iM sssTiflcw.8.00 Tlie Japanese Version (See Our Young Warriors (Stereo, See World Business
      587 words

  • LIFESTYLE
    • 713 13  -  Celestine Bohlen looks at an untypical Russian literary event Celestine Bohlen NYT IN THE old days, Russian writers writing in Russia won prizes named after Lenin and Stalin, and their works were judged on their value to the proletariat. On Tuesday night, a 55-year-old Russian
      NYT  -  713 words
    • 544 13  -  How does the Big Apple treat its artists? William Grimes reports William Grimes NYT WHEN Donato Mancini moved into his cold-water loft in Greenpoint, Brooklyn, the idea was to stay a year, then move on to more comfortable quarters. That was in March 1980.
      NYT  -  544 words
    • 380 13 CHATTERBOX A MIX of mellow country musicians and hip-hopping soul singers helped Japaneseowned MCA Records achieve its best year ever, the company said. The parent company's chairman. Al Teller, said MCA Records had already posted record-breaking domestic sales of more than US$3OO million
      380 words
  • Page 13 Advertisements
    • 220 13 AND ENTERTAIN J^SMH < A Pasta Paradei There's more to pasta than meets the eye. Savour pasta in a multitude of ways. Every Thursday Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00+ ANA HOTEL Forr**rv. k >, ».Htwal SINGAPORE 732-1222 extension 1700 TMWW <«>
      220 words
    • 204 13 -ipl; ;> m I HHHIHr K ifA'^<>iSjjjg T r -Ui- *'lfplb' v >V* >41 i K K\ SBHfi i4^4l^HHB m* >l 'iM x >8»-%rSv", ~f~ A? i2gp f'» 6 CERRUTIIBBI c LUNETTES So/e 4genfs for Singapore, WOgd Malaysia S/n Kwang Optical Pte Ltd AUTHORISED DEALERS: APEX OPTICS CONTACT LENS Tanjong
      204 words

  • FOCUS
    • 1427 14 On Tuesday, Malaysian Finance Minister Anwar Ibrahim spoke on 'New Global Realities and Challenges to the Region at a lecture organised by the Institute of Southeast Asian Studies and the Institute of Policy Studies. Excerpts of the speech are reproduced below WE are living in a
      1,427 words
  • Page 14 Advertisements
    • 360 14 How to forward incoming calls to the right person at the right place and at the right time. Introducing Call Routing from Singapore the week and the time of the day and even Telecom: The service designed to save your a specific date in the year. You decide company time,
      360 words

  • Page 15 Advertisements
    • 161 15 EXB-10 BMM CARTRIDGE J OPTICAL DISK CHANGER HANDLING SUBSYSTEM wM *****1 I I I I I I wSa Model Incapacity Formatted^J ff^ A(^sS^^^aERNALMINrCARTR^^ TAPE STREAMER SUBSYSTEM MAGNETO-OPTICAL DISK DRIVE SYSTEM There's A New Drive At JML Its inevitable. When you hit a certain age, some things get considerably broader. Just
      161 words

  • ADVERTISING & MARKETING 1
    • 456 16  -  Sylvia Wong talks to the CEO of Salvatore Ferragamo Sylvia Wong FOR a man who commands a US$2OO million (SS32B million) fashion business, Ferruccio Ferragamo spends a lot of time chasing copycats. It's not that the chief executive of Italian fashion house
      456 words
    • 201 16 Worldwide account awarded to long-time Nestle agency NYT ABOUT seven months after being acquired by the Swiss food and beverage giant Nestle SA, Source Perrier SA has unexpectedly awarded PublicisFCB Communications in Paris, a long-time Nestle agency, the worldwide advertising account for the
      NYT  -  201 words
    • 285 16 NYT THE magazine business, if it does nothing else, loves a good rumour. People in the industry even start rumours that this penchant for rumors has, at times, led to leaks from within the industry that if you can believe this
      NYT  -  285 words
    • 203 16 WHAT has Anchor Beer got in common with the movie The Bodyguard? Anchor's brewer, Asia Pacific Breweries Ltd, says they have the same target market young executives in their 20s and 30s. The company is paying more than $100,000 to reach this group of people
      203 words
    • 249 16 The US Postal Service embarks on a US$l m marketing programme to generate income NYT WHEN the American public was asked to vote on the design for the Elvis Presley stamp, it was just the beginning of an elaborate foray by the debtplagued United States Postal
      NYT  -  249 words
    • 855 17  -  Kurt Eichenwald on the cartoon toy industry Kurt Eichenwald NYT ITs white-knuckle season for America's toy manufacturers. After months of planning and preparation, the Christmas shopping season is well under way, and there is little the toy makers can do now but sit back
      NYT  -  855 words
  • Page 16 Advertisements
    • 231 16 THE GREAT CITIBANK MULBERRY OFFER. PICK YOUR INVESTMENTS. PICK YOUR GIFTS. |9Hf Voucher value for every V Investment Opportunity Tenure Minimum Deposit Rates $10,000 investment W 1 month $10,000 unto 9 675%* Asian Dollar Time Deposit 3 months $10,000 P $40 12 months $50,000 3.128% $10 Local Dollar Time Deposit
      231 words

  • Page 17 Advertisements
    • 62 17 CTPjMBmiBWM^iPP^^WWg-- 5 3; y This season, with every purchase of $200 and above, you'll be entitled to purchase these exclusive Aquascutum's accessories *«wtwl|P a t special prices. While stocks last. GRANT OF ARMS TO AQUASCUTUM LTD jMjduascutum X. OF LONDON Shop: Raffles, 328 North Bridge Road, #01-14, Singapore 0718. Tel:
      62 words
    • 89 17 BUNZ I MADE IN S At the centre ot the sapphire glass is I a 0 25 carat diamond mounted without visible setting This treety-suspended diamond is made possible by a newlydeveloped laser-cutting technique with a one upon a million precision a worldwide patent of Bunz The dial of 950
      89 words

  • Page 18 Advertisements
    • 278 18 Fullmark Micro Gives Lots of Freebies with the Compaq «#rl v .> J *&^f*§* Sg j F "w r *"*^^^363?*l °g™»j H Mi Kr /t&+ V w *y t T —T —r—w*V^vw If -'~ji .'../J .i..'_iig.- t a_ .I, cento. »ee WW n»iitoCa»MOCMto. n»coiiMO<^»tfa/M*j^^^^^^^Mß(hfc fc r. r- »W«eCHtf *►*».<*»«« <»».
      278 words

  • SPORTS
    • 454 19 Grand Slam AP MUNICH Goran Ivanisevic fired 17 aces to beat Guy Forget in the opening round of the Grand Slam Cup on Tuesday, but the king of aces was not too pleased. "This court is too fast to enjoy playing," the big-hit-ting Croatian said after
      AP  -  454 words
    • 291 19 AP MIAMI A champion for ;the first time in a decade, Bjorn Borg still feels com- pelled to warn others and I perhaps himself against expecting too much from a 1 36-year-old tennis player. Borg returned to the sport I last year after retiring at
      AP  -  291 words
    • 296 19 AP MUNICH If John McEnroe needs a bit of motivation in what could be his last big tennis tournament, then he should find it against Nicklas Kulti. Kulti is No 79 in the world, the lowest-ranked among the 16 players at the Grand Slam Cup.
      AP  -  296 words
    • 322 19 UPI OMAN One of the world's great adventure races, the Raid Gauloises, is underway in the Middle East with 255 competitors tackling Oman's rugged terrain. The two-week sporting adventure began in the Sultanate of Oman's highest mountain range, the Jebal Akhdar, and features
      UPI  -  322 words
    • 290 19 UPI LAUSANNE The golf issue has been discussed by executive board members of the International Olympic Committee following recent political developments in Atlanta. The lOC received a letter of protest from officials of the Atlanta City Council objecting to the Augusta National as an
      UPI  -  290 words
    • SIDE LINES
      • 83 19 LOUISVILLE, Kentucky Barry Bonds is officially a San Francisco Giant and baseball's highest paid player as the National League club announced on Tuesday that it had resolved its legal problems in signing the free agent outfielder. Bonds, who won two Most Valuable Player awards
        83 words
      • 117 19 MELBOURNE Defending champions Jim Courier and Monica Seles will lead the US$4.9 million Australian Open tennis tournament's strongest entry yet in January, its general manager said yesterday. The top 19 ranked players in the world have entered the men's singles. John McEnroe is the highest-ranked absentee
        117 words
      • 76 19 LONDON Robert Allenby's win in the Melbourne Open on Sunday has clinched the final place for the 21-year-old Australian in the world golf championship in Jamaica on Dec 17-20. He will be the youngest in a field dominated by the US and Europe which provide 10
        76 words
      • 92 19 PARIS A law banning cigarette advertising could result in the cancellation of next year's French Grand Prix. French motor sports president Jean-Marie Balestre said on Tuesday that he could not guarantee that cars carrying tobacco adverts would not be seized by the French authorities on their
        92 words
      • 54 19 NEW YORK The US Soccer Federation wants to use its second annual US Cup tournament as a dress rehearsal for the 1994 World Cup. Organisers of the US Cup 1993 announced on Tuesday that Germany, England and Brazil will play the defending champion US in
        54 words
      • 52 19 DONCASTER, England Thailand's James Wattana notched up his fourth victory of the year over world numbertwo John Parrott to reach the semi-finals of the World Matchplay on Tuesday. Wattana earned a last-four meeting with Stephen Hendry or Alan McManus with a 9-3 hammering of a woefully
        52 words
  • Page 19 Advertisements
    • 42 19 Ol O o o 0 Get access to 8 valuable 8 8 information. o o q Key into o "Computermart" o o o o ,n O O The Straits Times O q Classified q O tomorrow. O 1 O O IfO o
      42 words
    • 234 19 Double Your Pleasure 9 At Half The Price STAY 2 NIGHTS FOR THE PRICE OF ONE IN OUR MUTIARA EXECUTIVE SUITE FROM ONLY MS29l.oo++*. Revel in the majestic luxury of Hotel Istana at festive package rates half the normal rates...with our Festive single <ms) TwimMS) Tnpie<Ms) Package. Executive Suite This
      234 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3501 20  -  By Moiz Tyebally CONSUMER-RELATED stocks posted healthy gains yesterday, boosting the benchmark Strait Times Industrial Index by 12.71 points to 1,446.74 at the close. Elsewhere in the market, share prices moved within narrow ranges. Leading the gainers was Inchcape Bhd, which rose 45 cents to
      3,501 words
    • Article, Illustration
      84 20  -  -By Anthony Pang HOTEL PROPS looks like it has successfully crossed its $1.90 resistance. If the price continues to move upwards on heavy volume, the stock is set for a target of about $2.10. A pullback may then be expected, though a subsequent rise to the 1992 high
      SOURCE: BRIDGE INFO  -  84 words
  • Page 20 Advertisements
    • 53 20 r CALL MILANO'S HOT DELIVERY HOTLINE 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 MILANO Alltol'M
      53 words

  • 3005 21 1CB Wt 200 +104 +108 3% Inchcape 650 +45 +7.4% F&N 1050 40 4.0% CMB Asia 590 +25 +4.4% Robinson 710 +20 +2.9% C&C 645 +15 +2.4% Spore BusK 500 655 +15 +2.3% Van der Horst 131 +14 +12.0% GPBSS1.60 470 +8 +1.7% DBS Foreign
    3,005 words
  • Page 21 Advertisements
    • 28 21 With ever 170 million cards I ovenO miKon establishmentsylAasteiCard pud m your hands. eatf access to lash<rt ;'||ft| ATMs worldwide. TOU'VIOOTTH* WHOU WORLD IN row HANDS. p r >*.*
      28 words

  • 2988 22 MU1 178 +10 +6.0% FACB 50c 38 +5.5 +16.9% Cons Plant 50c 142 +3 +2.2% Simc Darby 50c 308 +2 +0.7% Golden Hope 133 +1 +0.8% PMC 50c 132 +1 +0.8% Pelangj Bhd 50c 127 +1 +0.8% Pub Bk Foreign 145 +1 +0.7% Public Bank
    2,988 words
  • Page 22 Advertisements
    • 526 22 BUSINESS Toll free Tel No 737 0Q43 Fax No: 734 3698 L&M GROUP INVESTMENTS LTD |fSj£ NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Tenth ANNUAL GENERAL MEETING of the Company will be held at 13 Third Chin Bee Road, Singapore 2261 on Thursday, 31 December 1992
      526 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5264 23 Bernama SHARE PRICES closed lower yesterday, extending their losses on further liquidation and lack of buying support with investors concerned over the market's near-term direction, brokers said. In quiet trading, the K.LSE Composite Index dropped 2.41 points to 633.52 while the Industrial Index
      Bernama  -  5,264 words

  • BT SHARE INFORMATION SERVICE
    • 403 24 Com pint Data Vaar Group Nat Nat earnings Gross mn to profit/loss par shara dhridand COOO) (cants) WraTa Dec 4 Jun 92 J14.431 ($9,726) 68(5.7) 16(16) AB8 Dec 1 )un 92 MJ334(M$11.495) 0 33(11.2) 5(12) Ama. Steel Dec 1 Jun 92 M$88.527 ($85,262) 165(19) 12(10) Goodwood Park Nov
      403 words
    • 68 24 Ceeeaoy Data Ytar Group Nat id an" profit/toss P«r J w, d C000) (cants) iw i c«M J65 010(S*****) 8.7(14.8) 17(17) Nov 20 Aug 92 C<;i68(»j«3) »»««> »[»> sr £2 5SSJSSS. S ?L_ CM, 2 M 92 W52.>25(W3«.97«) »>< 2 > 5 > 9( '> IS? K„, 2
      68 words
    • 322 24 t c™, Date Half-year Sroup ltet JJJJjj" to profit/1®** dtwaeno ('000) C |W1 Set) 92 57.368(53.694) £L Ss £583? P* 51 55 if SL» «o<« 2«iS) -(-> s» 92 mn.iaw.rn -<-> i 5JS? Nov 26 Sep 92 M537,233(520.711) -(-> Nov 25 Sep 92 M5149.498(5141.649) -(-> toth inds No*
      322 words
    • 480 24 Dec 7 Fraser Neavc and Coca-Cola have joined forces with Thai partners to invest US$lO million (5516.4 million) in a soft drink bottling facility in Cambodia. Consofidated Plantations Bhd, a member of the S«ne Darby group, entered into a conditional agreement to sell to Sime UEP Properties 695.9
      480 words
    • 736 24 Current Ex Etoeks Mi Tftai hr Tftal tor payment date do* p*yato th. ywr test yur WS8 5%(b) Jan 8 Ian 22 Jan 29 5% }2% Amal Steel 50c 12*(b) Nov 19 Dec 3 Jan 2 12% »2% Amtek En| 20c SITE Dec 4 Dec 0 Ok 30
      736 words
    • 345 24 Company Rights Issue »Fi Three toftw* <& II00 per share Ei-date Dec 10 Bks Close Dec 22 Acceptance and Payment NYA Gutfr* GTS One tor-one J0.23 per share Ei-date: No* 26 I Books Close Dec 8 Acceptance Payment NY A Urot Era Onetof hve <« S210 per share
      345 words
    • 46 24 Jaya HMgs Ltd: 2nd AGM at M«nto Room, The Westin Plaza, 2 Stamford Road. Singapore 0617, on Friday, December 11, at 11.00 am Metal Container* Ltd: EGM at 15 Scotts Road, #054)1, Thong Teck Building Singapore 0922, on Monday, December 14, at 11.00 am
      46 words
    • 337 24 Dec 8 In local cut dy yr Index chge chge In S$ dy yr chge chge In US$ dy yr chge chge World *EAFE 390.6 453.0 424.3 0.2 -4.3 0.1 -9.8 -0.1 3.2 0.5 -5.8 0.8 -12.3 1.0 -4.8 0.5 -6.9 0.9 -13.3 1.0 -5.9
      337 words
  • 609 24 Moving Averages: A moving average curve shows at any one time the mean of the prices over a specified time frame. A five-day moving average, for instance, is the average of the last five days' prices. Moving averages (MA) are normally plotted with the prices, and serve as
    CHARTS BY BRIDGE  -  609 words

  • CHINA STOCK EXCHANGES
    • 425 25 CLSA THE domestic shares in Shanghai plunged 551.75 points, driving the Shanghai A Index down to 4,458.71. Five new A listings, scheduled in January, continued to depress the Shanghai market. Shanghai B remained very dull with a thin turnover of U*****,000. Vacuum
      CLSA  -  425 words
  • JAKARTA STOCK EXCHANGE
    • 1096 25 TRADING stepped up a little yesterday afternoon but overall activity remained subdued and some of the buying appeared to be by companies supporting their own shares. The Official Index closed 1.01 points down at 277.56. "It's difficult to do any business," one
      1,096 words
  • STOCK EXCHANGE OF THAILAND
    • 2042 25 Reuter THE STOCK index closed almost unchanged yesterday after gains made at midday were wiped out at the close. The SET Index finished up 0.64 point at 848.54 on slim turnover of 1.69 billion baht, the thinnest daily trade since the market was
      Reuter; Source: Bridge Info  -  2,042 words
  • Page 25 Advertisements
    • 177 25 YCXJR VERY OWN HASSLE-FREE EUCTROMK NWS-gjPPIWOS^j^I If news and other pertinent information on companies listed on the Stock Exchange And for iukicrtpthm hf #f onlf $259 per month, you and your company can of Singapore Clob International are important to you and your business, then SPH subscribe to this specialised
      177 words

  • TOKYO STOCK EXCHANGE
    • 2603 26 Reuter STOCKS CLOSED up but off their highs yesterday. Selective buying contributed to the cheerful sentiment. Brokers said people do not want to sell due to solid support from public pension funds and ahead of a possible discount rate cut. The 225-share Nikkei Average
      Reuter  -  2,603 words
  • STOCK EXCHANGE OF HONGKONG
    • 2376 26 Reuter SHARE PRICES rebounded sharply yesterday as a key Sino-British meeting over Hongkong's future unfolded with a conspicuous lack of what investors feared would be acrimonious attacks and counter charges. The Hang Seng Index got a late extra jolt after rumours quickly denied by the
      Reuter  -  2,376 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2042 27 Reuter THE traditional pre-Christ-mas rally continued on the Australian share market yesterday with the leading index again closing sharply higher. Brokers said buying orders were concentrated in the Top 50 stocks after solid gains on offshore markets and a calmer performance by the Australian
      Reuter; Source: Bridge Info  -  2,042 words
  • REGIONAL STOCK MARKETS
    • Manila shares slide on debt cap worries
      • 568 27 STOCKS FELL yesterday and may dip further on market apprehension over attempts by some Philippine legislators to limit the country's foreign debt payment. Manila's Composite Index slid 12.76 points to close at 1,265.96. Brokers said the issue of a possible cap on foreign debt, due for debate at the
        568 words
      • 507 27 SHARES CLOSED moderately higher yesterday in active trade as buying by institutions and individual investors outweighed profit-taking from gains in recent days. The Weighted Index closed 15.54 points up at 3,776.55, as turnover rose to NTS 13.6 billion from NTS 10.3 billion. The financial sector eased on profit-taking but
        507 words
      • 824 27 THE STOCK market closed lower in lethargic trade yesterday as jittery investors unloaded their holdings due to political uncertainty. The Composite Index closed 4.87 points lower at 620.74 with turnover at 234.8 billion won from 272.6 billion won previously. Brokers expected the market to con- tinue consolidating for the
        824 words
      • 273 27 PROFIT-TAKERS moved in to take New Zealand shares lower at the close on moderate volume. The NZSE-40 Capital Index ended 9.73 points lower at 1,517.14 on turnover worth $25 million. Trade overall was lacklustre. "It felt as if it wanted to go higher, but there was not the
        273 words
      • 86 27 INDIAN STOCK prices are expected to remain stable in spite of the countrywide violence sparked by Hindu fanatics who demolished a Muslim mosque on Sunday. Indications that the markets might remain stable came from the Madras exchange where the index gained 1.77 points yesterday to close at 1,322.73 after
        86 words
      • 49 27 Clow Previous Dec 9 NEW ZEALAND NZSE-40 Capital 1.517.14 1.526.87 -9.73 MANW-ft Composite Index 1.265.% 1.278.72 -12.76 Turnover (mil pesos) 160.7 311.1 -150.4 TAIPEI Weighted Price Index 3.776.55 3.761.01 +15.54 Turnover (NTS billion) 13.6 10.3 +3.3 SEOUL Composite Slock Index 620.74 625.61 -4.87 Turnover (billion won) 234.8 272.6 -3.78
        49 words

  • WORLD STOCK MARKETS
    • Optimism about economy boosts NY shares
      • Article, Illustration
        1295 28 STOCKS RALLIED for the third straight day on Tuesday in heavy but choppy trading as growing optimism about the economy encouraged investors to continue pouring money into the marketplace. Broad market indices closed at record levels for the second straight day, while the over-the-counter index extended its record-breaking
        1,295 words
      • Article, Illustration
        796 28 SHARE PRICES rose in moderate trading on Tuesday, as dealers welcomed the decision by oil company British Petroleum to cut petrol pump prices by 11 pence per gallon. The announcement set off a buying surge in the retail and leisure sectors, dealers said. The FT-SE Index of 100 leading
        796 words
      • 224 28 STOCKS SUFFERED a sizable loss on Tuesday in narrow trading as the DAX Spot Trend Index finished at 1,508.20 points, down 1.13 per cent from Monday's close. The Commerzbank Index ended at 1,686.20 points, down 16.80. Operators said the 10-month results reported by Deutsche Bank, below expectations, depressed the
        224 words
      • 344 28 SHARES CLOSED mixed on Tuesday with a lack of market moving factors making trade featureless. The EOE Index closed 0.27 points higher at 287.78 after hovering around Monday's close for most of the session. The guilder's strength gave the market a firm undertone, brokers said. Some money market dealers
        344 words
      • 356 28 INDUSTRIAL share prices closed sharply higher on Tuesday after steady demand for quality stocks in thin trade. "Shares are being marked up on small volumes," a dealer said. Gold shares were steady, he said. Leading counters De Beers added 165 cents to 59.65 rand, slightly off its day's high,
        356 words
      • 288 28 STOCKS ENDED weaker in heavy volume on Tuesday, underperforming Wall Street, as the market fully discounts a drop in interest rates and continues a sideways trend. Among top performers, a jump in nickel prices propped up nickel miner Inco Ltd, which rose l'A to 28%. The TSE-300 Index fell
        288 words
      • 162 28 BEARISH STATEMENTS from company officials helped knock Paris shares down more than one per cent on Tuesday. The CAC-40 closed 22.73 points lower at 1,765.88 on moderate trade of about two billion francs. Euro Disney added 1.70 to 58.65 after it said its parent, Walt Disney, planned to change
        162 words
      • 193 28 SHARES CLOSED higher on Tuesday as the market recovered from a recent wave of profit-taking. The All-Share Index was up 1.09 per cent at 877.96, while the Top-16 Index gained 1.4 per cent. Turnover was 236 million kronor. The market lacked any real marketmoving news to trade on, but
        193 words
      • 318 28 SHARES CLOSED firmer but below the day's highs on Tuesday. Buying in the second round of trading was not sufficient to offset earlier profit-taking on a weaker dollar, dealers said. Selling was also triggered as the SMI index approached 1,970, seen as a strong resistance line. The broad SPI
        318 words
      • 278 28 SHARES ENDED virtually unchanged on Tuesday after another featureless day with most stocks stuck in a tight trading range. The Bel-20 Index of leading shares closed up 0.34 point at 1,130.02, with some 900 million francs of Belgian shares traded. "Trading volume was not as low as on Monday,
        278 words
      • 184 28 Dec Close Previous NEW YORK Dow Jones 3.322.18 3.307.33 +14.85 S P 500 436.99 435.31 +1.68 Turnover (million) 234.33 220.14 +14.19 LONDON FTSE 100 2.769.0 2.753.7 +15.3 FT-30 2.091.0 2.083.9 7.1 Turnover (million) 579.5 426.5 +153 FRANKFURT DAX Index 1.508.20 1.525.32 -17.12 AMSTERDAM EOE Index 287.78 287.51 +0.27 PARIS CAC-40
        184 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKET
    • 1203 29 REPORTS f ASIA f["\' f'C. Tokyo: THE US dollar held on to early gains to close firmer against the mark in Tokyo but it ended steady against the yen yesterday, dealers said. Trading was largely confined to interbank dealings in
      1,203 words
    • 400 29 Cross rates Dcc9 US$ s$ MS Dm Yen SFr A$ NZS US$ 1.6390 2.5390 1.5640 123.95 0.6283 1.4020 1.4430 1.9305 SS 0.6101 1 5491 0.9542 75.6254 0.3834 0.8554 0.8804 1.1779 MS 0.3939 0.65 0.6160 48.8184 0.2475 0.5522 0.5683 0.7603 Dm 0.6394 1.0480 1.6234 79.25 0.4018 0.8964 0.9226
      400 words
    • 578 29 Interbank rates SS Bid Offer Overnight 3/8 1/2 1-month I 9/16 I 11/16 2-month 1 7/8 2 3-month 2 2 1/8 Overnight mode: 3/8 US$ Bid Offer 7 days 2 15/16 3 1/16 1 month 3 13/16 3 15/16 2 months 3 9/16 3 11/16 3 months 3
      578 words
    • 303 29 Knight Ridder MANILA The US$3.2l billion (555.26 billion) "Bra- I dy bonds" issued by the Phil- ippines can be converted into i equity investments through < the country's debt swap pro- I gramme. Central Bank Governor Jose Cuisia said on i Tuesday.
      Knight Ridder  -  303 words
    • 1541 29 S1MEX EUWOOOUAI Open High Low Sett Est Vol Act/Vol Op/lnt Dec 92 96.33 96J7 %!33 96J5 7700 4555 ***** Mar 93 96.32 96.33 96.31 96.31 ***** ***** ***** Jun 93 95.89 95.91 95.87 95.88 ***** 7443 ***** Sep 93 95.43 95.45 95.42 95.43 4300 2815 5273 Dec 93
      1,541 words

  • COMMODITIES
    • 360 30 Reuter SYDNEY Australia's big miners are trying to cope with recession-induced weak commodity prices by slashing production levels and cutting staff levels. Lead and zinc giant MIM Holdings said on Tuesday that it was cutting output by 15 per cent while CRA
      Reuter  -  360 words
    • 281 30 Knight-Ridder AMMAN Iraqi Oil Minister Ossama Abdel-Razzak alHiti yesterday reiterated his conviction that Opec will soon break up, because its members will fail to meet the production ceilings set in Vienna last month. "It is obvious that nobody is observing that.
      Knight-Ridder  -  281 words
    • 753 30 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market held steady at M$ 14.31 per kg yesterday in line with a firmer close on the London Metal Exchange overnight, which ended US$35 higher. "Market sentiment remained steady at lower
      753 words
  • 1538 30 Rubber RAS Commodity Exchange (torture* closing at lpm) RSS 1 Contract (S cents/kg) Close Volume Open Month High Low Sett (tonnes) Interest Jan~93 148.00 147.25 147.50 850 3,925 Feb 147.00 147.00 147.25 200 4.075 Mar 147.25 147.25 147.25 275 5,225 Apr/Jun 148.00 147.75 148.00 750 22,575 Jul/Sep 148.25 148.25
    1,538 words
  • Page 30 Advertisements
    • 895 30 BUSINESS TIMES Toll tree Tel No 737 0Q43 -Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 EFFECTIVE »N0 RECRUITMENT IN THE MATTER OF ADVERTISING MACC HOLDING PTE LTD MACC PTE LTD (BOTH IN MEMBERS' /T»C ONL Y VOLUNTARY LIQUIDATION) JV. T Extract of the Minutes
      895 words

  • 1258 31 CKy FVgM ETA n*t rn> M** Qf81 SQ228 1935 2040 Of82 2050 Hmmrn RJ183 0005 AmtonU. SQ319 KL837 0810 1515 KL838 0040 AHmm 1730 tecJO-d BAH SQ288 1310 2015 1 Gf 148 0655 MN (MM BJ453 SQ181 BI429 1105 1425 2030 SQ182 BI96 BI430 0935 1405
    1,258 words
  • THE TRAVEL PAGE
    • 720 31  -  LETTER FROM JAPAN By Ella Rutledge I LIVE on a street three metres wide where most of the houses crowd down right to the edge of the road. Since on-street parking is out of the question, my neighbours park in whatever space they can
      720 words
    • 151 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.1320 1.1480 Canadian dollar 1.2740 1.3000 NZ dollar 0.8407 0.8600 Sterling pound 2.3996 2.6362 US dollar 1.6350 1.6410 Load dollar* to 100 units of foreign currency Austrian schilling 14.78
      151 words
    • 93 31 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Jan 20-23 British Education Barbican EMAP Intl 071-*****47 Jan 26-30 BUREXPO *93 Geneva Orgexpo 01/*****09 St Training Centre, Exhibitions Ltd, 4th Western Technology London London Switzerland's Office Trade Jan 19-24 International Cologne. Messe-und (49)221/ Fair Furniture Fair
      93 words
  • Page 31 Advertisements
    • 40 31 Hie best Business Class to Europe? Finnair's new wide bodied MD-11 offers speed, comfort and space that's miles ahead of its competitors. Call your travel agent or 733 3377 for more details. We know the world from start to Finnish.
      40 words
    • 24 31 For further information on which newsstands carry Her World, Go, Singapore Business, Home Decor, Young Parents, please call our Customer Services Section on 749-2577
      24 words
    • 55 31 ,^l IN MALAYSIA J|pP' I MANAGEMENT, I HIRED GUNS" YEAR S BEST AND Y C Chang and son Too Sionq Senq WORST MOMENTS run Pacific International Lines iPIL) SPOTLIGHTS: I CDL HOTELS INT L. ACMA mlti I w£:ui£&£ii Available at newsstands from your newsvendor Times the Bookshops For subscription enquiries,
      55 words
  • Page 31 Miscellaneous
    • 284 31 1 Real Madrid, turning out, —W—U—LJ LJ— Lidisplay a butterfly (3,7) 6 Study almost bare (4) 10 Romance of wild love af- I I I I I I I I I I I I ter midday (5) 11 Bias of 10 perhaps, as concomitant of pride (9) |HP2| I I
      284 words
    • 169 31 Singapore Outlook: Showers over several areas in the afternoon and early evening. Report: Maximum temperature 30.3 Assoc humidity 78% Minimum temperature 23.0 Assoc humidity 99% Hours of sunshine 4.05 Rainfall in mm 24.5 Rainfall this month 278.0 Rainy days this month 9 World report Asia-Pacific Hi/Lo* Cond. Auckland 22/14 Cloudy
      169 words
    • 74 31 Wou *Re so NBlve, II m* hBov)T |ouSiN€.£S fW'VG. HOT Pv \^'JSa Joy Hwew-T iN-nEjß*oPTitfG> <NruerniDDte IC 2S£.„\ H &e>leS lK OF P\ e>OS»NEJSS PMOJe CP\U- -J \*S TO SET TVJC OTHCRU PHD 50 ON RND NV KRUW JySO Fcfem..._J SAmP Business Fbar.' you've 60e*j _V QNik. PHONe por ovee
      74 words

  • 383 32  -  Comoiled bv staff from agency reports WASHINGTON US Trade Representative Carla Hills called on Japan on Tuesday to open its closed domestic rice market and to help lead the 108-nation Gatt effort to reform the global trading system. Ms
    383 words
  • 232 32 AFP Reuter, HONGKONG Governor Chris Patten yesterday welcomed US President-elect Bill Clinton's remarks about preserving Hongkong's freedoms in the run-up to 1997. But Mr Patten also said the colony's future, now at the centre of a furious SinoBritish row, should not be dragged into any
    AFP; Reuter,  -  232 words
  • 427 32  -  Compiled byj staff from agency reports NEW DELHI India's cri-sis-hit Parliament voted to recess for a week yesterday as an orgy of Hindu-Muslim violence sparked by the razing of an ancient mosque continued, leaving at least 700 dead. Speaker of Parliament Shivraj
    427 words
  • 807 32  -  The Bottom Line SALIL TRIPATHI SALIL TRIPATHI The writer, an agnostic Indian national, is a BT journalist IT WAS as if some Indians had killed Mahatma Gandhi again. The outrage. the destruction of Babri Masjid in Ayodhya. is a singularly defining act
    807 words
  • 196 32 AFP MOSCOW The Russian Congress yesterday overwhelmingly approved constitutional amendments proposed by President Boris Yeltsin giving the working Parliament important new control over four key ministries. The government meanwhile scrambled to offer sweeping last-ditch concessions to opponents on policy and personnel issues in
    AFP  -  196 words
  • Page 32 Advertisements
    • 402 32 Every Saturday in Business Times lIIW liailUUWl Uliu vvvnviiiiv P 11 ""j 1 v tUMibt yz —i i s u. —I VISIT AT WORLD TRADE CENTRE HALL 3 BOOTH NO: 3104 10TH 13TH DECEMBER 1992 J Exhibiton Special |AWLJ X. Exhibitoo Special SAMSUNG Nolemaster 3865/16 \J U| (jt SHARP PC3IOO
      402 words
    • 10 32 $ino-UK row worries Tokyo firms in bridge project, Pg 8
      10 words
    • 215 32 Every Saturday in Business Times 4 J"MERGERS AND ACQUISIHON CONFERENCE W f UA 12 January 1993 Park Royal Hotel, Kuala Lumpur I J KEY TOPICS INCLUDE: k C Diversification strategies and Negotiating the contract y j corporate growth representations, warranties and i Successful restructuring techniques breaches Identifying and structuring cross
      215 words

  • Shipping Times
    • 623 33  -  By Juliette Walker SINGAPORE Cruise ships are not seeing the usual year-end tidal wave of local holiday-makers. They are having to compete with cheap air fares and a lingering hangover from the tragic Royal Pacific sinking. Previously, school holidays have fattened passenger
      623 words
    • 658 33 The Aegean Sea oil spill Reuter AMSTERDAM Environmentalists are howling with dismay as thousands of tonnes of thick, black oil from a wrecked Greek tanker spew into the sea off the Spanish coast. The international environmental group Greenpeace says the slick is ravaging ISOkm of
      Reuter  -  658 words
    • 879 33 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 3 Bait Orient Line 7 4/5 Bangladesh Shpg
      879 words
    • 373 33 Reuter LONDON Ship management firms feel their current average fee income is too low to provide and sustain a full service, a conference here was told. Continued concern in the shipping industry about liability and quality, coupled with a slump in
      Reuter  -  373 words
    • 179 33 Reuter BRUSSELS European Community (EC) transport ministers on Tuesday agreed on details of new shipping regulations and said these would help authorities deal with disasters like last week's oil spill on Spain's north-west coast. The plan, which has yet to be formalised,
      Reuter  -  179 words
    • 614 33 BOARD of Trade officials and port users will conduct their own studies into the controversial new Bangkok port tariff to find out how much it will harm them, according to The Nation. The new tariff is set to come into being in
      614 words
    • LOG BOOK
      • 86 34 LONDON European, African and Middle East bunker prices have eased, taking the lead from softer crude, subdued demand and ample supplies, with the biggest drop seen in 380 and 180 est fuel oil, bunker traders said. Sluggish demand continued to dampen activity in
        86 words
      • 92 34 GEORGETOWN Guyana's state-owned airline, Guyana Airways Corporation (GAC), owes US Customs US$l.5 million (552.46 million) in fines for transporting illegal drugs into the US, a US Embassy ofTicial here said on Tuesday. Andrew Croft said the fines were imposed following the discovery of cocaine and
        92 words
      • 77 34 CHICAGO Rail corn basis bids were steady to firm at US mid-west shipping points with support linked to continued tight supplies of rail cars, dealers said. Dealere said the rapid corn harvest progress this past weekend has inundated some elevators with grain, and many
        77 words
      • 107 34 IRVINE, California Burlington Air Express Inc will increase US and Canadian air freight prices up to 10 per cent on Feb 1, 1993, in an effort to meet cost increases in aircraft maintenance and regulatory compliance. The company said its current prices are generally at
        107 words
      • 45 34 LONDON The freighter Dignity is now at Thoriko Bay, north of Laurium, after being refloated with tug assistance at Cavo Fonias, four kilometres south of Laurium on Dec 6, according to Lloyd's Intelligence. The vessel went aground on Nov 17.
        45 words
      • 109 34 SYDNEY A Greenpeace vessel was on Tuesday on its way to the Antarctic on a three-month expedition aimed at disrupting Japanese whaling operations in southern waters. The MV Greenpeace left Hobart, capital of the south-eastern island state of Tasmania, late on Monday. A Greenpeace spokesman
        109 words
    • 938 34  -  The pirates of yore are back and they pose a dangerous threat to modern ships today just i as they had been centuries ago, reports Sara Henley Sara Henley Reuter THEY attacked before dawn while the night watch was drowsy. Once aboard, they showed no
      Reuter  -  938 words
    • 813 34 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
      813 words
    • 11078 42 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 Pcnang after
      11,078 words
    • 3268 47 -Ajc Container tine NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Croup: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Cabource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatrus Sea- Air Service: Frata Shpg Pte
      3,268 words
    • 261 47 Abacus Couriers Td: 545-8011. Fax: 545-1898. Air Express Travel Tel: 533-5771. Fax: 535-6144 Airborne Freight Corporation Tel: 542-8844. Fax: 542-3716, *****80. Airs wilt 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
      261 words
    • 1473 47 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7812: Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05. Td 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax: *****74, *****50. Air Market
      1,473 words
    • 2823 48 ARGENTINA Buenos Aires: All berths occupied, no vessels in road; no congestion. San Lorenza: Port busy. Rosario: Port busy. AUSTRALIA Queensland Hay Point Coal: One vessel loading; 8 vessels due by Dec 6; no delays expected. Dairympie Bay: Coal: berth vacant; no delays ecpected. Gladstone: 19 vessels due
      2,823 words
    • 729 48 SHIP SALES TANKER RATES AGAIN hanging over the market we have a major environmental problem. The Aegean Sea ran in to difficulties off La Coruna, grounded and caught fire, spilling a large amount of her 80,000 tons cargo. The full extant of the tragedy is difficult to ascertain at this
      729 words
    • 550 48 ARRIVALS DEPARTURES Op Flight Type ETA T Fro* Op Flifhl Type ETP T To TOOAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK SLA SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 1 LUX/DXB BA822
      550 words
    • 598 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Air De» N—e of Vessel ETA ETD Pom of Calls Port Apil Telephone No DECEMBER 10 10 Fantasy World 1000 1900 Asean Cruise Lauw Sons 227-8284 10 10 Cora Princess 1600 2000 S-E-Asia Cruise Harpers Shpg 221-1388 11 11 Cora Princess 1600 2000 S-E-Asia Cruise
      598 words
    • SHIPS IN PORT
      • 479 49 ten! fry Hi Irt jrtrt Vessel toy N> Berth Ankral Departae Jurong Port Seki Akesl* 75 P04 alongside 1012/1500 Crown Star 09/92 J2 ample 10.12/1400 Song Tun 2 3/92 P088 alongside 09.12/1400 Dooyang OPAL J4/5 alongside 10.12/0600 Supenor Gl 21/92 P04 alongside 09.12/2300 tag Sailor SR932 19/10
        479 words
      • 144 49 jmn rwi Bank 1: Johan Pearl; 2; ti; 3: nil; 4: Anamek; 5: Aglwon Oros, 6: Haewoo No 3. 01 jetty: Bow Leopard. DCJ: Nor gas Victory. Due on Dec 9: Tomiwaka, Builder, Tropical Ace, Barge Munar 11, Barge Josindo 1. Due an Dec 10: Igloo, Silver Pride,
        144 words
      • 1656 49 DELIVERY Of FCt IMPORT CQHMMERS IH PK06RESS Sfcto <ty W» Cewtatoen iwtabl» SNp ¥oy N» w** DELIVERY OF Fa IMPORT CONTAINERS IN PROGRESS GaocheM 106A 08.1192 0800 Lawanti 989 COO(EST) 09.12.92 1430 European Sen WF253 08.1Z92 0900 00CI Fortune 37E COO(BT) 09.12.92 0700 D Sentosa 03N 08.1292 0910
        1,656 words
    • 929 50 FIRM grain and time-charter fixtures on Tueday helped underpin the freight market and pushed the Baltic Freight Index four points higher to 1,342, dry cargo brokers said. US North Pacific/Japan grain was Fixed at US$l4 against U5513.75 indicated in the BFI route, up from U5513.34. Time-chartering in the
      929 words
    • 367 50 Dec 15-16: Essentials in Marine Cargo/Vessel Insurance Ship Chartering Practice, to be held at the Harbour View DaiIchi Hotel, Singapore, organised by Traffic Management Consultants. For further information please contact Mae Yap at 222-8411. Mar 11-14, 1993: Japan World Resort and Cruise Fair '93, to be held at
      367 words
    • 300 52 AFP SYDNEY Australia's soon-to-be privatised international carrier Qantas announced yesterday a proposal to reintroduce services to France early next year. Chief executive John Ward said in a statement that the thrice-weekly service between Melbourne and Paris via Sydney, Singapore, Bangkok and
      AFP  -  300 words
    • 539 52 AFP WASHINGTON A decision by Northwest Airlines on Monday to cancel or delay orders for more than 100 planes worth some US$6 billion (Ss9.B billion) reflects continuing problems of the airline industry in the face of a worldwide economic
      AFP  -  539 words
    • 413 52 International Transport Journal BERNE Two big express and freight carriers have established their regional hub in Dubai's up-to-date airfreight terminal. Federal Express claims to be the biggest tenant in the Dubai Cargo Village complex. And the company is planning to expand. At
      International Transport Journal  -  413 words
    • 389 52 AFP TOKYO Japanese contractors starting work on a US$2OO million (SS32O million) bridge project in Hongkong in the next two weeks are disturbed by the escalating war of words between Britain and China over the colony. Some members of the consortium say they are
      AFP  -  389 words
    • 60 52 DETROIT Ross Roberts, vice-presidcnt and general manager of Ford Division, showing off the Motor Trend Car of the Year Award for the 1993 Probe GT, on Tuesday after the announcement was made. This marks the fifth time in eight years a Ford nameplate has
      60 words
    • 310 52 NYT ZAGREB, Croatia Serbian forces surrounding Sarajevo used tanks on Tuesday to seize the road linking the airport with the heart of the city, blocking the only route for international aid and leaving its inhabitants completely cut off. The attack was accompanied by
      NYT  -  310 words
    • 152 52 Bloomberg STRATFORD, Connecticut United Technologies Corp's Sikorsky Aircraft unit on Tuesday said it has signed a US$l billion (SSI.6 billion) contract to supply 95 S-70 Black Hawk helicopters to the Turkish armed forces. The contract represents an increase of 20 Black Hawks from an agreement
      Bloomberg  -  152 words
  • Page 33 Advertisements
    • 31 33 Uns <mI urvicM npniMtMl Mwrtwt «f tin Registry «ff AccrWtii fe Strata* AflMrt*. SlMMtra Nattaaal Stb- \*M£xMJr\ p p vflMw pwij Mwcmoofl. I For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090.
      31 words
    • 121 33 the /j& FAMOUS i AUVftMIA/ ■CHEnil 224 1833 For more information please refer to Pg. 13 Daring pirates of the 90s, Page 2 Qantas plans to begin flights to Paris next year, Back Page L/C 0 THE TOTAL TRANSPORTATION WfJyj J■* *J VISA FREIGHT SERVICES PTE LTD established in 1984
      121 words

  • Page 34 Advertisements
    • 81 34 Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional lode at successful small firms and the people
      81 words

  • Page 35 Advertisements
    • 2864 35 lptliug 1 lillCB) luunuaj If tff« T^y?BoTl C FAx! > 2240»»| NE SHIPPING AGENCIES Find Ollt HOW BOOKINGS TEL: *****34 *****58/ *****40 WWKBfWWi [m sellers are PORT KELANG TEL: *****18 FAX: *****91 *****88 rfiflChlllS OUT i —ZZ T~" PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 B||pM|a| Dedicated to Quality
      2,864 words
    • 1377 35 ■UiiWH.wmifi'i LCL CARGO EX PASIR GUDANG TO USA/EUROPE/INTRA-ASIA PLEASE CALL 07-*****8 vmm Voy ETA ETD Feeder by DESTINATIONS Th« «eek M«m«C Maw* 9302 ggjjm CFS MM2°235« M HRS JOH IPK PEN OAK MEM ATL MIA CHS BAL PHL NYC MOW TOW MAJESTIC MAERSK >302 115/*****/12 13/12 12/12 11/12 2/1 4/1
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  • Page 36 Advertisements
    • 1292 36 l OQV VOY NO S PORE JEDOAH (vt« jjp) 3'TON H BUBO ANT HAVRE HOECHST EXPRESS 06/349 12/12 22/12 28/12 30/12 2/1 4/1 6/1 DANUBE 05/150 17/12 2/1 s'l 3/1 fBfIBJM AfVMI LUOWIGSMAFEN EXPRESS 05/350 18/12 29/12 4/1 6/1 9/1 11/1 13/1 6<—ft TP MK/UWHWHT MONTE ROSA 22/151 24/12 9/1
      1,292 words
    • 580 36 m m* FCL Breakbufc Service to: AFGHANISTAN MAM Afghanistan Ltd., Sole Foreign Forwarder In Kabul for aM services C.1.5.-Vootochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia Hungary i CSFR t Poland ocTSTrans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-lUANDA-BATA F—dor Vessel ITA 8M ORIENTAL KNIGHT 13/12 VILLE DE
      580 words
    • 1329 36 ffIIMMIA uasl REGULAR INDEPENDENT FULL COMTAIMER SERVICE l_ 1 NORASU SAMANTHA 9241-3 17/12 07/01 09/01 12/01 13/01 14/01 15/01 16/01 17/01 NORASIA SUSAN 9242-3 25/12 14/01 15/01 19/01 20/01 20/01 21/01 22/01 23/« B OLDENDORF 243W 30/12 21/01 23/01 25/01 26/01 27/01 28/01 29/01 30/O NOBASIA SBOGA 9244-3 04/01 26/01
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  • Page 37 Advertisements
    • 1809 37 I JWf STRAITS SHIPPING PTE LTD 1 fIUB Hoe Chiang Road #11-01 Keppel Towers rri Jg MK Singapore 0208 Tel: *****88 ¥n: *****17 V 1 ACCEPTS CAJtGO DUE MIS I I MIS MUUM VIIE KK. Skat, Taw 10 Ok II Dm I F I STRAITS VENTURE V3IE Mum. Lab 1012
      1,809 words
    • 1616 37 k%% A SINGAPORE AGENT: ■Bykfll nfi/V P*o Containers (Singapore Agenciea)Pie Ltd W C .Qtli /ll llCl S 10 Hoe Chiang Road #07-01 KEPPEL TOWERS,SI^APOREO2OB A Tel- 225 2233 Telex: RS ***** PNOCSP Fax: 225 5327/222 7517 vt (mi voy -ma w SS alo 90« amt bot hmi JKES£ maersk ot
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  • Page 38 Advertisements
    • 714 38 Jv I DJAKARTA I I LLOYD INDONESIAN NATIONAL LINE EXPRESS SO*-CONTAMERSHP SERVICE ta. not wrniM kw hpw| minor HAIAHAM 33W8 I 16-19/12 1»/1 23/1 28/1 1/2 FULL CONTAINER EAST COAST PORTS SERVICE ¥51/VOY m STOK* SYP ItKLB [BUI |WB nmo AUSTRALIA/ ***** 14/12 2»/12 31/12 2V12 MHO ASIA/***** 20/12 22/12
      714 words
    • 1448 38 0 HANJIN SHIPPING FM VU I in lUK HAUL SEA VCX FDR VSL SU IIK HAUL SAV IM NYC HI. KNANGYANG 096E 14/12 K BUSAM 126E »/l 10/1 Hi. RNAN6YANG O*E H U',l H/| J?',} HANJIN KUNSAN 082E 21/12 H. TONGNAC 097E 14/1 15/1 HAWK KUNSAN M2E 21 2 M
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    • 1456 38 jffqri -I -1J rnTTm*--H 1 I B I 1 J_♦ ||||BBttMUIUIIIHIiHIHHHIftBHWUHH3IHUIIIIftBiHMHiIBHIBH^^^^Kv Im Wf I* *t w w *1 w no IM we u« w W Bccun HAM 1/12 In PI IVU 17/12 14/U 21/12 22/12 24/U 2S/12 24/12 24/U 1/1 21/1 22/1 23/1 2/2 J/2 4/2 J/2 J/2 14/2 24/2
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  • Page 39 Advertisements
    • 1544 39 ACE: RHEIN BRIDGE 25W ETA SGP 12/12/92 II W II ETA LEH 28/12/92, FLX 29/12/92, II II RDM 30/12/92, BRV 01/01/93 II FEEDER VBL VOY SGP MOTHER VSL VOY SET PLD MlN' VESSEL VOY SGP LOS OAK VAN CHI DAL/HOU MPH ATL NYK I ST PAUL Hr *r .I,p| TEH
      1,544 words
    • 1076 39 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—OCSCHAKGWG WESTBOUW)-10WN6 TMHSHTfCD MA WTTPOMi
      1,076 words

  • Page 40 Advertisements
    • 1601 40 K" V M AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD *****0 Mi —i mw TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 U MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 I rSTT INDONESIA: P.T. SARANA LAUTINTERNUSA, TEL: JKT *****76.*****77,*****08 ■MB KAWASAKI
      1,601 words
    • 1120 40 ,r>\fSS PHILI ORKNT LINGS PT€ LTD 108 Robinson Road #07-00 GMG Building Singapore 0106 1 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 BV AIR, LAND OR SEA.... A Jfflt WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 18 DEC SYDNEY. MELBOURNE. BRISBANE. FREMANTLE 13 DEC
      1,120 words

  • Page 41 Advertisements
    • 1048 41 PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street. #03-00 PIL Building. Singapore 0106. Tel: *****33 CR NO: **********0E tl J- IS V ?T« 2L« ST« KOTA i* l oin ia/tt WW it/ia 22! 2£? BWBAMUT (TNAI FLAG) S*S«7N 13/12 18/12 10/12 KOTABINTANG KBT«7N 11/12 10/12 22/12 EQUATOR HAWK 73N 1«/12
      1,048 words
    • 1388 41 fP. GUOANG PENANG PKELANG OCEAN VSL/VQY SIN SOU (1) RTM (2) HMH3^SOn4) 11/12 11/12 12/12 ALSIA 2492 15/12 1/1 3/1 4/1 6/1 E 18/12 18/12 19/12 BENAVON 2502 22/12 8(1 10/1 11/1 13/1 0 25/12 25/12 26/12 JUTLANCHA 2512 29/12 15/1 17/1 18/1 20/1 E ~T7i ?/l iTi selanoa 2522
      1,388 words
    • 280 41 °BSA° TRANSPORTATION M MYANMA H FIVE STAR LINE (Myanmar National Lint) Loading for Yanfon (Rangoon) Sport PJUf Pw P.Gd( MTOEW VI2M N Nrt ITA-M VIMH 12/15 Oac NfiM WIN In Nrt NIGERIAN NATIONAL SHIPPING LINE NIGERIA EXPRESS SERVICE 1\ RIVER MAJE RIVER NOADA V.50 VJO spore m pi o Jm
      280 words


  • Page 43 Advertisements
    • 44 43 l/CVISA FREIGHT SERVICES PIE LTD jg) Established Since 1984 AUCKLAND SYDNEY ffiUKHi® FREHURHE SER FOR BOOKING ft SAILING SCHEDULE. CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL COMSOL PTE LTD TOLL-FREE TEL: *****66 TOLL-FREE TEL: *****34 PAX: *****86 FAX: *****37
      44 words

  • Page 44 Advertisements
    • 2377 44 Conventional Semi-Container Fuii Container Liner Services Liner Services Malaysia's Agents: Indonesia's AfWts: I e**ral AfMts: Booking tgettx 6«MfafAfMts; Booking Agents: ton 6—» fHpplf S4i BW Chung CM** Sk*pmg SSn BM F.T. Qhktl Mrt ladmmit Haritim Ykk Fung Shipping "tf'TJ FnfeM -"-f Create** Costor Shipping Pte Ltd smt* Fn&t lathing C«Nr»
      2,377 words
    • 305 44 SAMUDBU -WW (S) PTE LTV 19 McCALLUM STREET HBIBBi #«-Sl/K KA TWIST CENTRE W 0108 Tate R*****0 T«t aaori-s Fuc 229 4636, 2X7*131 FPU ROOK—os CALL DWCT UNE TEL; *****4 muiut SERVICE VESSEL VOY SIN JAK KURNA SAMUDERA 057 11/12 (FRO 14/12 (MON) PELOPOR 1058 12/12 (SAT) 15/12 (TUE) ELBE
      305 words

  • Page 45 Advertisements
    • 622 45 Shipping Times, Thursday December It IH2 j (iS. FAMOUS CONTAINER LINES 1 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S'PORE 0207 P HOT LINE: *****33 (24 LINES) ll] j LIMASSOL/PREAUS 13/12 ROTTERDAM 13/12 t HAIF A/ASHDOO/ ALEXANDRIA 13/12 HAMBURG/BREMEN 13/12 j| MARSEILLE/FRANCE 13/12 FELIXSTOWE/UK 13/12 L BARCaONA/SPAIN 13/12 LEHAVRE/ANTWERP 13/12 GENOA/ITALY
      622 words
    • 1149 45 piiililim mill I■ I I I Km BHUM MS N_Pt 15/12 MKU BHUM 54N Frt 11/12 Nw 14/12 KWM BHUM 5« 12/12 U/12 NAHTA BttN> IUN Ui 12/12 1»/12 I WANA BHUM 171S 15/12 1»/12 6 KQfIWTgV 05H Ml 14/12 Ttel 17/12 I KITI BHUM 0« 17/12 22/12 PIYA BHUM
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    • 371 45 Il ®mg& MR-IK vat voy wmuvcm >mbturn »(Qaposi ksxl VOT mm nca *ra> rm u-ivu 2*22/12 »ivu ma mm M-17/12 23-24/12 35-31/12 nsa mds 2» 21-22/12 v-n/u (M 4/« i TW SIM 4M 21-24/12 25-M/12 »MV« VBL VOY «m wt a ca a j IBIM MX* art 15-21/12 21-27/12 m
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  • Page 46 Advertisements
    • 1348 46 groupage I I PENANQ: (04) *****6 SIBU: (084) *****$ KUCHINQ: (082) *****3 UV V 'P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK I GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 13/12 14/12 15/12 Honi Konf Ldn/Fh/Rdm/Ant/LHV 10/12 11/12 12/12 16/12 17/12 18/12 Hoof Kong G'burf/Chaian/STwlm/Oslo 13/12 14/12
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    • 249 46 BE* BLUE STAR LINEj SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SM AKL LYT S»i MULBERA 30$ 13/12 2S/12 27/12 13/1 AUST STAR MS 25/12 6/1 1/1 25/1 PROSPECT 22S 6/1 11/1 20/1 1/2 FULLY CONTAINERISED SAILINOS DISCHARGING AT AUCKLAND, LYTTBLTON, ACCEPTING FCL L LCL FOR NEW PLYMOUTH,
      249 words
    • 1132 46 f gE THONG SOON UNES PTE. LTD. Ms 77 ROWNSON ROAD #15<00, #16-00 SIA BULOM6 SINGAPORE 0106 TEL: *****8S FAX NO. *****11, *****22 TLX: RS ***** CARRER, RS ***** JENHOL CABLE: TOSOCO wssel |m Ispoit Ikst vessel wi vm Ip.keijmk EQUATOR JADE 67/92E 14 DEC KUCHING EQUATOR JEWEL 128N 12
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    • 32 49 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 ShtgatMtre Press Hokiiii£s
      32 words

  • Page 50 Advertisements
    • 256 50 WORTH PHILIPPINES FULL CONTAINER SERV CE vtssa voyage SWGAPORE MAffcA VIGOUR SUGAPORE 42N8 11/12/92 11/12/92 FtDAYIWyONDAY VIGOUR SMGAPORE 42AMB 14/12/92 18/12/92 VIGOUR LUZON 7NB 18/12/92 25/12/92 VIGOUR LUZON 7MB >!/»/« 25/12/92 PORT KLANQ/PENANG FULL CONTAINER SERVICE VtSSa VOYAGE SINGAPORE PORT KLANG PENANG AMCTIS GRACE 9229N 9/12/9? 11/12/92 «*ns 9233N 9/12/92
      256 words
    • 346 50 iLcosco UKC coNVPmouu. MBgg VESSEL PKL PNO PQ. LOAOtNQ FOfl: A VESSEL 2S/12 Rotterdam/Antwerp CHMA COWVPfnOHAL SCTVICC VESSEL PKL PNO P.O. LOADING FOR: A VESSEL 15/12 20/12 Hu»ngpo/Gu«#vozhou comco FULL COWTAWEW »«V»CH (FCL/FCL) EXPORT TO: CMNA/BAMGK OK/HONGKONG EUNOfC/CONTMENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN OULF/KARACHI Plmm ratar abov* RMntlofMd
      346 words
    • 189 50 r— —————I CONTAINER UNf\ FAR EAST WEBaY /(V'" CONSOLIDATION J£\ HONGKONG •)AKAKIA Vp«**tUNG KKLUNG/KAOHSIUNG MANILA IT r\J > BUSAN PENANG/PORT KELANG X L J /fTST •BANGKOK •TOKYO/YOKOHAMA/KOBE \J 'V Tel: 538 0155 OWENS CONTAINS LINE (S) PTE LTD 133 New Bridge RomJ #09-06 Chinatown Point S'pore 0105 v O vtSSEL
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  • Page 50 Miscellaneous
    • 452 50 TODAY'S TIDES (hq||it in metres) HOW 0000 0100 0200 0300 0400 0500 0600 0700 OMO 0900 lON 1100 1200 1300 1400 1500 1600 1700 IMO 1800 2000 21« 2200 2300 JR 25 24 20 16 1.3 1.2 1.2 1.5 2.0 2.6 3.1 3.3 3.1 2.7 2.1 1.5 1.0 0.6 0.5
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  • Page 51 Advertisements
    • 1029 51 ▲HYUNDAI I MEB ch A w T MARINE CO. ITD. WESTBOUND TO EUROPE ftSSELS PNR Ptt PSD-t- ym *WT* L£M* HRM OREJ FH_ SI FREEDOM 302W 10/12 11/12 12/12 13/12 1/1 1/1 2/[ */l HIfIOVMOR 301* 17/12 11/12 10/12 20/12 1/1 «/l J/1 J/J J/J J/ SUMMER 302W 24/12 25/12
      1,029 words
    • 458 51 STRAITS/ JAPAN/ STRAITS SERVICE j SPECIALIST M RO-RO t HEAVY UFTS j WBOUW VESSELS j[ turn m v n ik u j CHI UM II SU fti mum ri mi an I SKI RAIMA II U/U 13/12 TMMB MUM II U/U 11/U I MMT KCA N U/U MAU/U j UM
      458 words
    • 868 51 OUR USA i nT. m rrri« r m r service calls mm tin Ivu" mama wcoot nwi m-u/u am Mm m/w m/m Mm Mm Htm am SINGAPORE I MM mm Tim n/u mm w tjww a-wu W* iw u/« ivw ivw ivm ivw ivw DIRECT EVERY mm fill a/u aiaimHu
      868 words
    • 125 51 mm MAS SHIPPING PTE. LTD. 39 NEK. ROAD SNGAPORE 0201 TEL: *****88 TLX: R*****5 SNO FAX: *****64 ACCEPTS WTOOF CMGO STOtt OESTWATWI ■NTMGKLAIT V2K OM9 ICC 10-11 OEC OMfe. Mi Ml BMTMBSBM *2« 11-12 DEC 13-14 OEC OM*. *1 KM* koamr rum. *2* 1214 dec 14-15 dec in ut» loamf
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  • Page 52 Advertisements
    • 61 52 P INVESTMENT Every Saturday in Business Times —j The Beeufeve Housekeeper -this hotel lOym I I wan :s me 1/11 n^9 les t L«_ Any Job. Any Career. Available Any Day. Any Time. Anywhere. S The Straits Times The Sunday Times business Times The new paper LIANHE ZAOBAO LIANHE WANBAO
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    • 77 52 INVESTMENT Every Saturday in Business Times "ESSENTIALS IN MARINE CARGO/VESSEL INSURANCE SHIP CHARTERING PRACTICE" SINGAPORE HARBOUR VIEW DA-ICHI HOTEL 15TH 16TH DECEMBER 1992 Lecturer: Mr Colin Lincoln (ACII) Mr Aaron Ong (MICS) Organised by: Traffic Management Consultants Fee *****.00 per person. Closing date: 12th Dec. 92 Tel: *****11 Fax: *****88
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