The Business Times, 16 December 1992

Total Pages: 52
1 52 The Business Times
  • 16 1 Business Times MITA (P) 552/12/92 Wednesday, December 16, 1992 THE BUSINESS PAPER FOR S-E ASIA 75*
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  • NEWS SUMMARY
    • 63 1 LONDON Britain's economy remains weak but faint stirrings of life are appearing, a spate of economic figures published yesterday suggested. Official data showed manufacturing output rose a stronger-than-expected 0.3 per cent in October after a 0.2 per cent fall in September, providing concrete
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    • 63 1 STOCKHOLM An accord creating a European conciliation and arbitration court was signed yesterday by foreign ministers attending the Conference on Security and Cooperation in Europe (CSCE). The document, signed by 29 of the body's 52 members, aims to boost the organisation's ability
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    • 46 1 OWNERS of three-room or smaller Housing and Development Board flats will from next year be able to buy an adjoining unit of the same size or smaller for conversion into a single unit, announced Acting National Development Minister Lim Hng Kiang yesterday Page 2
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    • 29 1 SENIOR Minister Lee Kuan Yew's comments on democracy and political developments in Hongkong received wide coverage in the territory's media but mixed reaction from opinion-makers Page 3
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    • 23 1 SINGAPORE banks are unlikely to have been affected by the closure of Indonesia's debtridden Bank Summa, local bankers say Page 3
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    • 40 1 LAOS' national parliament, the Supreme National Assembly, expected to pass a string of economic laws aimed at protecting intellectual property rights and patents. It will also pass laws on bankruptcies, land usage and dispute settlement Page 8
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    • 44 1 PRESIDENT-elect Bill Clinton led an elaborate day-long seminar on Monday in which some of the country's most prominent economists and business executives presented the case that the US economy is badly crippled and in danger of becoming much worse. Page 9
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    • 25 1 CHINA Ocean Shipping Company will reorganise and upgrade its services to the Persian Gulf and Indonesia from January Shipping Times Pg 1
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  • MARKET SUMMARY
    • 31 1 STOCK PRICES on Wall Street fell slightly early yesterday, continuing Monday's decline. The Dow Jones Index inched down 2.45 points to 3,289.75 in the first five minutes of trading.
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    • 27 1 SHARE PRICES on the London Stock Exchange were higher at midday yesterdav. At 1300 GMT, the FTSE 100Share Index was up 0.4 point at 2,722.2.
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    • 33 1 AMTEK Engineering intends to establish a foothold in China by next year, says chairman Lee Ah Bee. The company is likely to start with a venture in metal stamping. Page 4
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    • 33 1 FORTUNE Food Manufacturing Pte Ltd of the Provisions Suppliers Corporation group has taken over the assets of a Japanese tofu manufacturer, making it the largest tofu maker in Singapore Page 4
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    • 31 1 COCA-COLA Co on Monday introduced Tab Clear, a transparent diet soft drink. This followed hard on the heels of PepsiCo Inc's introduction of Crystal Pepsi last week Page 6
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    • 34 1 UNITED Overseas Bank emerged on a list of top 20 arrangers for Asian borrowers between January and November this year in a recent survey published by Euromoney magazine. Page 7
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    • Article, Illustration
      29 1 Tuesday Change BT-MGA 681.00 -4.32 Kuala Lumpur ....628.88 -3.66 Tokyo 17.480.74 +190.77 Hongkong 5.315.81 +48.08 Sydney 1.509.6 -2.8 Monday Change New York 3.292.20 -11.88 London 2,721.8 +5.6
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    • 21 1 Exchange rates US$ SSSS1.6390 100 Yen S$ 1.3234 MS SS 0.6361 Money market rates Overnight 1 +1/8 3-month 2 unch
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    • 34 1 London Gold AM fix US$334.70 -US$0.60 Rubber S'pore Jan.... 147.75'/kg +0.05 M'sia Jan 227.00*/kg unch KL Tin Turnover 46tonnes 5 Spot M$ 14.35/kg -0.02 Crude palm oil Turnover I.5021ots +370 Feb M$928/tonne +8
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  • 671 1  -  Singapore, Asian companies fear US enterprises may dominate market By Harish Mehta SINGAPORE President George Bush has allowed American firms to sign contracts and open offices in Vietnam, marking a significant easing of the country's 17-year-old trade embargo against Vietnam.
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  • 572 1  -  Investment comes 6 weeks after HK group's Cold Storage transaction By Lee Han Shih SINGAPORE The Kuwait Investment Office (KIO) yesterday sold its entire 16 per cent stake in locally-listed Cycle Carriage Ltd (CCL) to Hongkong's Jardine group for $212.5 million, a
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  • 284 1 Bloomberg NEW YORK International Business Machines Corp yesterday announced that it plans to take a whopping USS6 billion (SS9.B billion) charge in the fourth quarter to cover the cost of 25,000 more job cuts next year and more plant consolidations.
    Bloomberg  -  284 words
  • 285 1  -  By Alvin Tay SINGAPORE Fifty-one commercial banks, including Singapore's Big Four local banks, had applied for Thai offshore banking licences by the time the deadline expired yesterday. Thailand's assistant central bank governor Charoong Nookwan said that 15 Thai and 36
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  • 312 1 AFP LITTLE ROCK, Arkansas Beijing is clearly on the road to change and there is no need to isolate it over human rights issues, US Presidentelect Bill Clinton said on Monday. He also ruled out withdrawing China's trade benefits. The remarks,
    AFP  -  312 words
  • Page 1 Advertisements
    • 188 1 TEMPORARY PERMANENT PLACEMENTS ft 223*3362 Aircraft Schedule 31 Jkt/Bkk/Chma Stocks 25 Sports 15 Commodities 30 RISE 23 TV Radio 18 Company News Law Page 10 Unit Trusts 22 Cryptic Crossword 31 Money Changer Rates 31 Weather 31 Editorial 12 Money Market 29 Financial News 7 Regional News 8 Business Times
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    • 104 1 MADF. IN GERMANY SCHL'HE BOITIQLE #O;;K RAFFLES CITY SHOPPING CTR TEL M*C» Clinton, guests underline seriousness of problems, Pg 9 HK hails Clinton's views on China trade, Back Pg Hock Lock Siew: Is BA serious about Qantas? Pg 4 The World On A Platter. For the month of December >
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  • PAGE 2 NEWS
    • 532 2 Marine Parade GRC by-election SINGAPORE The People's Action Party last night took to task the Singapore Democratic Party, debunking its contention about high health costs and demolishing its car-balloting proposal. Prime Minister Goh Chok Tong, speaking in Hokkien and English,
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    • 254 2 SINGAPORE Do Singaporeans want a change of leaders amidst current world uncertainties? Former Education Minister Tony Tan put the question before Marine Parade GRC voters last night as he outlined how Singapore would be affected by the poor outlook of the American,
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    • 253 2 SINGAPORE Light up Orchard Road with neon advertising signs. Paul Yong. a National Solidarity Party candidate, said last night. The revenue generated by the advertisements could help pay for education, healthcare and general welfare services, he suggested. The
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    • 381 2 SINGAPORE Owners of three-room or smaller HDB flats will from next year be able to buy an adjoining unit of the same size or smaller for conversion into a single unit. This latest scheme to help retain established community
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    • 106 2 Corrections clarifications IN OUR REPORT "POSBank expects income, surplus to fall next year" on Dec 15, we said that POSBank's net surplus for 1991 was $110 million. POSBank has clarified that POSBank's net surplus should be $97 million. The surplus of $110 million was for the POSBank group. AN ARTICLE
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    • 713 3  -  From Catherine Ong in HONGKONG SENIOR MINISTER Lee Kuan Yew's comments on democracy and political developments in Hongkong received wide coverage in the territory's media but mixed reaction from opinionmakers. Lhe leading Englishlanguage and Chinese-lan-guage newspapers here gave Mr Lee's inaugural
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    • 310 3  -  By Quak Hiang Whai SINGAPORE Singapore banks are unlikely to have been affected by the closure of Indonesia's debt-ridden Bank Summa, local bankers say. They say this could be attributed to several factors. Scandals linked to major Indonesian groups like
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    • 468 3  -  From Maggie Ford in JAKARTA SUMITRO Djojohadikusumo. chairman of the Indonesian motor conglomerate P T Astra International, yesterday confirmed that he had refused to approve a bid by a consortium of businessmen to buy a majority stake in the company from
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    • 470 3  -  From Florence Chong in SYDNEY SINGAPORE TELECOM has lost its bid for Australia's third mobile telecommunications licence to Arena GSM. In announcing the winning bid in Canberra yesterday, Senator Bob Collins, the Federal Minister for Transport and Communications, said that "painstaking" consideration was
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  • Page 2 Advertisements
    • 76 2 Reports by Anna leo, Chuang Peck Ming and Shoeb Kagda m 1 •f.-s r*x v.. "i 5 "v I P l. xCj, n I in *> r l> r v i V K-»* V<: Ty >2s v >^ He K&Ssk B msm.^.. >■ K i slpL3* ml*** fi»* BOlTIOlfS HV
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  • Page 3 Advertisements
    • 288 3 A COURSE ON PROCESS RE-ENGINEERING What drives today's business is not functional but cross-functional business processes Traditionally, industry respond to a constantly changing business environment by introducing new products and services with few if any changes to the processes that support them. Success in achieving today's business goals and objectives
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    • 28 3 The Tiffany Golf Accessories Tiffany Co. SINGAPORE: RAFFLES HOTEL. TEL: 3340 1 68 NEW YORK TORONTO LONDON MUNICH FRANKFURT BERLIN ZURICH MILAN FLORENCE HONG KONG SINGAPORE TAIPEI TOKYO
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 80 4 SINGAPORE Wing Tai Holdings said an additional 48.4 million ordinary shares arising from its rights issue will be listed on Friday. Existing shares, which will he entitled to any dividend that may be declared for the year ended June 30, will
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      • 51 4 SINGAPORE Prima Ltd said its subsidiary Prima Modern Machinery paid M 5202,912 (S$ 129,000) for Modern Bakery Machinery Sdn Bhd, based on MBM's book value on Feb 28. None of the directors or substantial shareholders of Prima had any direct or indirect interest in the
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      • 36 4 SINGAPORE GRP Ltd said it has bought two Msl shares all the issued shares of Skyrim Enterprise Sdn Bhd, turning it into a wholly-owned subsidiary. Skyrim trades in industrial rubber products.
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      • 41 4 SINGAPORE Appraisals Management Pte Ltd (A&M) said it has acquired 1.282 million shares of Resources Development Corporation (RDC). A&M bought 1.257 million shares on Dec 8 and the remaining shares between Dec 11 and Dec 14.
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      • 88 4 KUALA LUMPUR United Malacca Rubber Estates Bhd said group pre-tax profit jumped 21 per cent to M 54.75 million (553.02 million) in the six months ended Oct 31 from a year earlier. Its unaudited results released yesterday showed that the profit jump came on the
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      • 83 4 KUALA LUMPUR A total of 500 million units of Syarikat Telekom Malaysia Bhd (Telekom) ordinary shares were allocated to various establishments in the country. Deputy Finance Minister Loke Yuen Yow said of these, 100 million shares were given to Permodalan Nasional Berhad (PNB), 70.5 million to
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    • 340 4  -  By Colin Tan SINGAPORE Specialist construction group Guthrie GTS Ltd expects the L&M group, which it acquired in March this year, to contribute positively to its pre-tax profit this year. Without the specialist contractor L&M group, pretax profit would only match last year's levels,
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    • 508 4  -  Precision metal parts maker likely to start with metal stamping By Teh Hooi Ling SINGAPORE Precision metal parts manufacturer Amtek Engineering intends to establish a foothold in China by next year before it "misses the boat", chairman Lee Ah Bee said. The
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    • 332 4 Bernama KUALA LUMPUR O'Connor's Engineering Trading (M) Bhd, which made its debut on the main board of the Kuala Lumpur Stock Exchange yesterday, plans to set up two manufacturing facilities here to produce Nokia cellular phones and Samsung
      Bernama  -  332 words
    • 247 4 Bernama KUALA LUMPUR Listed Kanzen Bhd and Australia's Pacific Dunlop Ltd have set up a joint venture to manage their bedding business in Malaysia, Singapore, Brunei and China. A statement from Kanzen said the joint venture would be undertaken through two
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    • 256 4  -  By Genevieve Cua SINGAPORE Fortune Food Manufacturing Pte Ltd of the listed Provisions Suppliers Corporation group has taken over the assets of a Japanese tofu manufacturer, making it the largest tofu maker in Singapore. A Fortune Food statement said the company had concluded a
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    • 408 4 Bernama KUALA LUMPUR Antah Holdings Bhd plans to list two of its member companies on the main board of the Kuala Lumpur Stock Exchange by next year, chairman Tunku Naquiyuddin ibni Tuanku Jaafar said yesterday. The two companies are Golden Pharos
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    • 632 4  -  THE HOCK LOCK SIEW COLUMN British Airways offer plagued by talk of dummy bid By Florence Chong j SYDNEY Did British Airways submit a dummy bid for a stake in Qantas? Speculation about BA's intentions has abounded since Dec 9 the deadline for the Qantas
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    • 381 5 Better US outlook seen benefiting commodity-based Australia, Canada Bloomberg SYDNEY Barclays de Zoete Wedd (BZW), in a new appraisal of world stock markets prepared by its London office, has placed Australia at the top of its list for investors seeking bargains. The BZW
      Bloomberg  -  381 words
    • 238 5 FT TOKYO Toshiba, the Japanese electronics company, and National Semiconductor of the US have announced an alliance aimed at developing a market for Toshiba's proprietary technology for flash memory devices semiconductors which retain information when the power is switched off, much like hard
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    • 260 5 Reuter TAIPEI Taiwan's flag carrier, China Airlines (CAL), yesterday launched a public offer of shares worth NTS2.B billion (SSI79 million), becoming the island's first international airline to go public. Applications to buy the 41 million shares, priced at NTS6B each, would be accepted from
      Reuter  -  260 words
    • 437 5  -  From Al Labita in MANILA CITYTRUST Banking Corp, 43-per-cent owned by US multinational Citicorp Overseas Investments Corp, will go public today, the only bright spot in an otherwise stock market. -Z*. A total of 371,859 common shares will be listed on ▼both
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    • COMPANY BRIEFS
      • 64 5 TOKYO Nippon Telegraph and Telephone Corp (NTT), Japan's largest telecommunications company, has decided against joining British Telecom in an international telecommunications service project in the US, the Nihon Keizai newspaper said yesterday. The moves follows earlier decisions by German and French companies not
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      • 64 5 SYDNEY Canadian newspaper magnate Conrad Black is understood to have applied to Australia's Foreign Investment Review Board for permission to lift his stake in newspaper group John Fairfax Holdings to 25 per cent from 15 per cent, ■The Sydney Morning Herald reported yesterday.
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      • 68 5 TAIPEI Walsin Lihwa Wire and Cable Co, Taiwan's largest wire and cable manufacturer, will purchase all out- standing shares in Success Holdings Ltd. a listed Hongkong company with interests in trade, textiles and real estate, the 'Economic Daily News said. Citing unnamed sources,
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      • 75 5 TOKYO Daiwa Securities Co Ltd is among the underwriters managing the overseas share offering of Thailand's state- owned oil exploration firm, a Daiwa spokesman said yester- day. PTT Exploration and Production Co Ltd (PTTEP) plans l to issue 40 million shares to the public
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    • 380 6 Tab Clear follows PepsiCo's Crystal Pepsi onto market Reuter NEW YORK The latest battle in the cola war is clearly under way. Coca-Cola Co said on Monday that it was introducing Tab Clear, a transparent diet soft drink, hard on the
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    • 215 6 Bloomberg NEW YORK Pfizer Inc said on Monday that it plans to take a one-time after-tax accounting charge of US$2B2 million (Ss4sl million) to cover retiree non-pension health care benefits. The change in accounting standards will require the company to re-state earnings
      Bloomberg  -  215 words
    • 288 6 FT PARIS A project to create a European alliance of domestic appliance makers to compete against the growing concentration of power in the white goods industry got its finishing touch on Monday. Ocean, the last independent Italian maker of home appliances, with annual sales of
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    • 337 6 NYT WASHINGTON On Jan 20. 1988, George Bush was sworn in as president of the US. while on the New York Stock Exchange, shares of Arkla Inc. a gas pipeline company, were climbing, closing at U5519.50. up 62.5 US cents. Almost five years
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    • COMPANY BRIEFS
      • 69 6 LONDON Fisons, the pharmaceuticals and scientific instruments group, on Monday continued its restructuring with the sale of its UK consumer healthcare business to HoflFmannla Roche of Switzerland for £90 million (Ss23o million). Fisons' move follows the sale last month of its American and Canadian consumer
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      • 66 6 WASHINGTON American Telephone Telegraph Co and Texas Instruments Inc were among the winners of the United States government's Malcolm Baldridge National Quality Awards, the Commerce Department said on Monday. The awards, named after the late Commerce Secretary, rewards US corporations for excellence in quality control.
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      • 48 6 LONDON Allied-Lyons pic and Carlsberg A/S said they completed the merger of their UK brewing, distribution and wholesaling interests. Allied-Lyons' Allied Breweries unit transferred assets worth £281 million (SS7I9 million) to the joint venture. Carlsberg contributed about £245 million to the venture. Carlsberg-Tetley Brewing Ltd.
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  • Page 4 Advertisements
    • 118 4 IN THE MARKET PAGES Thai shares plunge 25 Late rebound in Tokyo 26 p This Festive Season, ■|H Give Someone Important Hi. M *^*5^ Something Elegant, ""Hi iBl vA Something Brilliant, VHR Something T'The Waierford Crystal Decanter PERFECT GIFT THIS FESTIVE PERIOD WITH BEAUTY AND By IN WITH THE SPECIALLY
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  • Page 5 Advertisements
    • 104 5 "^aBa|^ v *****1 ?S9b* lM^PP|^Bk#M 4^ j«c^g&M| fc .'So IH^saKi A'* vJ^^i^^^^H^^^^^HHIHHHHHHHBBi Travel Lugfage 5269 lo $UW A Passion For Unsupassed Quality. Toscano. A consummate belief in perfection. Objects of impeccable quality wrought from the finest hand selected Italian leather Exquisitely lined and fortified with gold-plated brass locks and fittings.
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  • Page 6 Advertisements
    • 251 6 Place a Foreign Currency Deposit and be up and away to one of 66 SIA destinations. All you have to do is to place a Foreign Currency for one pair of tickets. There will be a second draw, for Deposit with Standard Chartered Bank in Singapore. another pair of tickets,
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  • FINANCIAL NEWS
    • 384 7  -  By S N Vasuki SINGAPORE United Overseas Bank, was ranked among the top 20 arrangers for Asian borrowers between January and November this year in a recent survey published by Euromoney magazine. The magazine said in its December issue that UOB
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    • 133 7 AFP TAIPEI Taiwan is to allow foreign insurers to operate on the island along with their US counterparts as part of its liberalisation efforts, officials with the Department of Insurance (DOl) said yesterday. Authorities here opened the local insurance market to US firms in 1986
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    • 280 7 Reuter TOKYO Japanese life insurers. hard hit by ailing share prices at home and wild currency moves abroad, are likely to ask the Ministry of Finance (MOF) tor help in minimising the damage, industry sources say. The so-called "15 per cent
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    • 237 7 Reuter WELLINGTON New Zealand's central Reserve Bank (RBNZ) tightened the screws on financial markets a notch yesterday, making it clear it will miss its zero-to-2-per-cent inflation target if the currency falls further. Alarm bells went off at the RBNZ when the level of
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    • 236 7 Bloomberg MONTGOMERY, Alabama The Retirement Systems of Alabama is leading a group of state pension funds and insurance companies in a US$l24 million (SS2O3 million) lawsuit against May Department Stores and Morgan Stanley Group Inc, one of America's biggest securities firms. "We're suing
      Bloomberg  -  236 words
    • SMALL CHANGE
      • 91 7 WASHINGTON National banks showed continued improvement in profits and capital levels in the third quarter, the US Comptroller of the Currency said on Monday. The 3.647 national banks reported aggregate profits of U554.66 billion (557.64 billion) in the third quarter, nearly
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      • 105 7 TAIPEI In an effort to make Taiwan investments more attractive to overseas investors, the Securities and Exchange Commission is drafting plans to give foreign investors who hold convertible bonds sold by Taiwanese companies a means to convert the bonds into local stock. The rule would alTect
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      • 72 7 LONDON Scottish Provident, the medium-sized mutually owned life insurance company, on Monday announced conditional agreement to buy Prolific, the UK life insurance subsidiary of Hafnia. the stricken Danish insurer, for £81.75 million (*****.5 million). The deal is one of the biggest acquisitions by any mutually owned
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      • 94 7 NEW YORK Merrill Lynch Co, America's biggest securities firm, has applied to the Chinese government to open an office in Shanghai, according to a spokeswoman. If the application is approved, Merrill would become the first US securities firm with a branch in mainland China. Other securities
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      • 102 7 OLDWICK, New Jersey A leading US insurance-rating company estimated on Monday that gross insured losses from Hurricane Andrew have reached US$l3.7 billion (5522.4 billion), 28 per cent higher than the insurance industry's official estimate. AM Best Co, a rating agency, estimated the industry's pre-tax net loss
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  • Page 7 Advertisements
    • 73 7 Feu business tools make the pulse race faster. i "'WT I. Even fewer inspire the respect of the new Bentley Brooklands. A hand-built luxury marque founded in a sports tradition, its price of $630,000 renders inadequate even the word 'exclusive f T 1 Malayan Motors Va* A D an <*
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  • THE REGION
    • 366 8  -  New economic laws in the works By Harish Mehta SINGAPORE Laos is close to enacting a string of economic laws to protect intellectual property rights and patents, and laws on bankruptcies, land usage and dispute settlement. These laws, aimed at boosting foreign investor
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    • 116 8 AP KUALA LUMPUR I he more than 800,000 foreign workers in Malaysia are sending home about Mss billion (553.2 billion) annually to their families, says Deputy Prime Minister Abdul Ghafar Baba. lhe workers earned about M 57,000 each annually, he told a farmers' meeting in kota Tinggi,
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    • 352 8 Reuter MANILA The Philippines is losing to its South-east Asian neighbours in the race to attract foreign investors and may face tough competition from Vietnam in the future, American businessmen said yesterday. "The Philippines doesn't do enough in the promotional side at all.
      Reuter  -  352 words
    • 328 8 UPI SYDNEY A senior opposition senator has accused Australian republicans of "dancing on the grave" of the marriage of Britain's Prince Charles and Princess Diana. "We have seen the most opportunistic use of the fact that there is unhappiness and a breakdown in
      UPI  -  328 words
    • NOTE BOOK
      • 79 8 PORT MORESBY Former Papua New Guinea prime minister Rabbie Namaliu was scheduled to appear in court yesterday on 12 charges of misappropriation of government funds. He was arrested and charged on Monday by fraud squad detectives. Namaliu was charged in relation to funds paid
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      • 70 8 BANGKOK Thailand's Interior Minister says extortionists are using his name to force money out of entertainment houses in the Thai capital, the Bangkok Post reported yesterday. Chaovalit Yongchaiyudh was quoted as saying his name and those of four deputies had been used to extort between 400,000 and
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      • 50 8 HANOI Vietnamese workers carrying mortar as they help to build a war memorial park at Ngoo Ha Lake here. In the background is wreckage from a US B-52 bomber shot down in December 1972. which the government recently dragged up from the muddy bottom of the lake.
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      • 55 8 BANGKOK A United Nations investigator has accused Myanmar's military government of barring him from meeting detained dissidents during a visit to assess reports of widespread human rights violations. UN Human Rights Commission special rapporteur Yozo Yokota went to Myanmar last week to try to visit prisons
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      • 59 8 MANILA Philippine business leaders predicted an economic takeoff in 1993 yesterday, but warned President Fidel Ramos that he must solve infrastructure bottlenecks and improve the investment climate. "The coming year will usher in a new era of growth, stability and predictability," Jose Pardo. president of the Philippine
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  • Page 8 Advertisements
    • 87 8 Introducing "1800" Local Toll Free Service. From 1 January 1993, you can reach all existing Local Toll Free (LTF) telephone numbers simply by dialling 1800, followed by the 7-digit number. The call will then be paid for by the called party. If you don't use the 1800 prefix, yot/ will
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  • THE WORLD
    • 599 9 US economic conference at Little Rock NYT LITTLE ROCK, Arkansas President-elect Bill Clinton led an elaborate day-long seminar on Monday in which some of the country's most prominent economists and business executives presented the case that the US economy is badly crippled and in
      NYT  -  599 words
    • 389 9 AP MOSCOW President Boris Yeltsin is likely to lose more members of his reformist Cabinet when the new excommunist prime minister, Viktor Chernomyrdin, begins work, a presidential spokesman says. Mr Chernomyrdin was confirmed on Monday by the Congress of People's Deputies in what reformers called
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    • 321 9 NYT STOCKHOLM The Russian foreign minister shocked an international conference on Monday with a blustering anti-Western speech that sounded as if it had been given at the height of the Cold War. For nearly half an hour, senior diplomats rushed around, conferring with each
      NYT  -  321 words
    • 364 9 AFP WASHINGTON US Commerce Secretary Barbara Franklin leads a 26-strong US trade delegation to China this week amid speculation that she is charged with signing a set of high-tech trade deals ahead of Bill Clinton's inauguration as president. She will arrive in
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    • WORLD WATCH
      • 105 9 WASHINGTON Ten countries with records of serious human rights abuses paid Washington lobbyists more than US$24 million (5539.3 million) over the past two years to keep US foreign aid flowing, according to a study released yesterday. Another five countries with similar rights
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      • 72 9 TOKYO Sales for November at department stores in the Tokyo area dropped 9.1 per cent from a year earlier, the Japan Department Stores Association said on Monday. The sales at 27 outlets owned by 14 companies totalled 233.43 billion yen (553.08 billion) last month. It
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      • 62 9 WASHINGTON The cost of treating Americans infected with the Aids virus could rise some 48 per cent, to US$l5.2 billion a year, by 1995, health experts told a Senate panel. "The widespread use of expensive drugs has contributed to the high costs of treating persons
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      • 90 9 WASHINGTON Textile coalitions from the US and Europe have united in Washington to demand changes in the Uruguay Round negotiating text to force developing countries to open their textile and clothing markets to industrialised countries. M L Cates, president of the American Textile Manufacturers' Institute,
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  • Page 9 Advertisements
    • 166 9 ■Br fl J j| lyl^H I** *few «#l > klw fc ~iJ^-l^^MllfcdJ"W n> iri^wi—^«gkj^^^^HH Ew# Q"** %S '69 7 Mo«* vor When I won the Tchaikovsky competition, I was thrilled. Later came the Avery Fisher prize. I was overjoyed. Now I play a Stradivarius on the concert stages of the
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  • THE LAW PAGE
    • 1452 10  -  Walter Woon examines the sometimes unrealistic restrictions facing company directors Walter Woon The trouble with the law regarding directors' fiduciary duties is that it was made by Chancery judges, who were more familiar with trusts than with commerce. The importation of trust rules into
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  • Page 10 Advertisements
    • 583 10 A I Hci r^if'-% r? --'m^^^^l Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on 4 vour monev Essential information accessible every business day through Business Times. In the same
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  • Page 11 Advertisements
    • 355 11 Only Mazda's Four Wheel Steering j Can Make A Car As Graceful As This, As Graceful As This. Ihe Mazda 929 s four-wheel steering is absolutely unusual added touch; the mirror surface is electrically the most advanced system available. heated, so that if it fogs up on a humid tropical
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  • 462 12 EDITORIAL BLAME it on the festive season or sheer lack of political will. But South Korea's three leading presidential contenders are unabashedly playing the role of Santa Claus in a desperate bid to gain votes. The promises are coming in thick and fast, ahead of the
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  • WHAT THE OTHERS SAY
    • 268 12 IN THE LAST two years, headline-making billiondollar frauds in companies that went undetected by their auditors for long periods had mostly been uncovered in the West. With the spotlight firmly elsewhere, Singapore accountants may be wondering whether there is any need or urgency for peer review here
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    • 109 12 TWICE LAST WEEK, Prime Minister Goh Chok Tong gave his assurance of the government's continued support to the Malays. This is significant because more support will be needed as the community, like other communities, faces even greater challenges ahead. Also, the continued commitment will enhance
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    • 105 12 BILL CLINTON gave the world cause for worry with his view on world economic structural development last Saturday when he said: "With Europe coming together, with the Japanese forming closer and closer trading ties with the Far East, I think the United States needs ties with
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  • REGIONAL VIEWPOINTS
    • 144 12 Afta better than expected THE RESULT of the Afta Council meeting in Jakarta last week turned out to be more positive than thought possible. The six Asean member countries have agreed to start cutting import tariffs on 38,308 items, or about 87 per cent of the items making up intra-Asean
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    • 236 12 SINCE ITS IMPLEMENTATION on April 20. the "three-in-one" policy requiring private cars to carry a minimum of three persons when passing along certain roads has become the target of endless criticism. This is not only because it has failed to solve the problem of congestion as
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    • 122 12 CHINA and its Hongkong supporters, will be rubbing their hands in satisfaction at the growth of the anti-Patten camp. Beijing's hardline stance has made opposition to Governor Chris Patten seem like the recipe for the peaceful life so many Hongkong people crave. The success of China's
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  • 891 12  -  Russia's new prime minister is a technocrat and a skilled manager. John Helmer reports from Moscow on the man's priorities John Helmer THE NEW Russian Prime Minister, Dr Viktor Chernomyrdin, takes power with a greater degree of parliamentary support and consensus among the
    891 words
  • Page 12 Advertisements
    • 45 12 V t "x? gW"W» I HI 111 I! I bM II mmnCT iSi Y C Chang and son. Teo Siong Seng. WORST MOMENTS run Pacific International Lines (PIL) Available at newsstands from your newsvendor Times the Bookshops For subscription enquiries, call 256 5559 (toll free)
      45 words
  • Page 12 Miscellaneous
    • 32 12 DOONESBURY GARRY TRUDEAU I M iF&JRei fRTMAUM L ,Wn «,/<*«> ALMOST c&- FJfUgAM. -<-/ 6MHO6 ww/zwp &vBNUPHOPe. b—SfS?'' m xxw r— wmarrcF ihavcanab- check. i j NOPe... 1 j AJO6IBSIZR- Jx 9JRPLYGOOP J L
      32 words

  • ANALYSIS
    • 2087 13  -  Next Tuesday, simultaneous announcements in the six Asean capitals will usher in the Afta process. Yang Razali Kassim covered the third and most decisive Afta Ministerial Council meeting in Jakarta last week Yang Razali Kassim AT LAST, sighed Malaysian Minister for International
      2,087 words
    • 651 13  -  Samuel Brittan says the Western economies could pick up a tip or two from the strong-growth East Asian Tigers Samuel Brittan FT DESPITE the fascination of the gloomy media and financial commentators with the Great Depression of the *****, and the undoubted presence of many warning
      FT  -  651 words
  • Page 13 Advertisements
    • 35 13 Make Impressions Create Expressions jsMjJb ~i •&■%•<• 1 >"• "*4 B* •PPOWTWWT TO Hf« P« QUbtN Th( BM-HSh VAN HEuSFN COMPAM> L MfftfiL i OOOK SHOTTMOffCHt Van Heusen' sK THE MASTER SHTRTMAKER if*' -U .'s* jl _2
      35 words

  • Page 14 Advertisements
    • 79 14 is IN THE MM PAGES GETS MORE sslisjJ It's a fact that our advertisers enjoyed more business from their ads last year. Research shows that 50% of the calls they received from Yellow Pages' users resulted in sales. Don't miss this opportunity I I to benefit from this competitive advantage.
      79 words

  • SPORTS
    • 590 15 AP, Reuter LONDON Riddick Bowe gave up one of his three heavyweight boxing titles on Monday and showed what he thought of the World Boxing Council. He dumped the WBC belt in a trash can. Then the WBC dumped Bowe, stripping
      AP,; Reuter  -  590 words
    • 299 15 AFP MUNICH Michael Stich, who threatened to give up tennis earlier in the year if the press kept hounding him, hopes his US$2 million (553.3 million) win here will boost his credit-rating for 1993. "I'd be much happier winning Wimbledon
      AFP  -  299 words
    • 440 15 AP DORADO BEACH, Puerto Rico It's a happy problem for Ray Floyd. After a heavy slate of lateseason tournaments this year, he says he plans to cut back on his playing schedule for 1993. At the same time, he keeps adding to it.
      AP  -  440 words
    • 313 15 UPI OMAN The end is now in sight for the 51 teams who are still struggling through the Oman terrain in this year's Raid Gauloises. By last Friday, only two teams had any realistic chance of victory. The Raid Gauloises is
      UPI  -  313 words
  • Page 15 Advertisements
    • 403 15 So You Want A This is the single most personal and ■HOBHBM't AT PAN-WEST important possession of a golfer. Jife We nave about 176 different putters The putter is the only club a golfer wßtolr* which makes us about the largest will call his own. He can have a t*
      403 words

  • Page 16 Advertisements
    • 731 16 A BT SPECIAL ADVERTISING FEATURE "!T!513bi Many by chance because unless an day has on one to be even better By better means more harmony sets for The company claimed that technology exists sake Man the defines ensures everything reason for oiufsen form have meaning or entertainment value. HmHMBBHMBH JM
      731 words

  • Page 17 Advertisements
    • 649 17 HHi WSH* f*' 1 \?*5*-v L .->K A ft V wV V.'' 39 ww l >•$ I Kj? SfflBES I II if I I II^.M T I lUt i«— > ii mm I timi>mm>» V V —-^——1 I oSSmSaB H z -ja''$^j& ■Hf W I ,i H -J T V'-'
      649 words

  • Page 18 Advertisements
    • 303 18 Nothing Beats A Bud, M PIUWO OP genuine penang fare LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT SNACKS WITH 4 GOOD FRIENDS. Ic INIGA a member
      303 words
    • 383 18 V a only $13.80++* k Pamper your festive palate this season with our delectable spread of traditional and local delights and at our unbelievably affordable prices too! JL FESTIVE BUFFET x JSSL Lunch Sl3M4i(idall) $10.80++(child) Dinner S 13.80+♦(•dull) Sl2 80++(child) A .it. LI- naßiafci .mi f <m L gy AM
      383 words
    • 238 18 WHERE TO WINE, DINE... A Golden Christmas at Plaza Hotel Christmas Eve Greet the joyful event with J family and friends and pass the mike round for some memorable dedications. x f ij.il»kfl With complimentary wine the event. If Christmas I——'- r Day Gather everyone for some karaoke fun and
      238 words
    • 391 18 Guess who's JglXwtirfcwg harder ftmSa/rfa ,S r 3^mas V?^ > reservations We serve the world to you at Top of the M G//m>(6mt< QD C ftngyx-r' hinwfcii<l—i 111 OrtKfd Ko*d Tft 7)***** Wine, Dine and make merry 4§m at the Paramount! CAFE VANDA MARINE TERRACE mmEBUSM Buffet Lunch FUN PUB
      391 words
  • Page 18 Miscellaneous
    • 733 18 TELEVISION AND RADIO rp II A ~55ri5 900 N«ws at NiM. 7.00 CMt Nm HrfworK BUSINESS ON RADIO Troublesome guests y sBatts 3S==£rL. ansras__^i 8.00 We Have Ways of Making You 12.35 AN AmHci'i Top Ton hananv World Business Report HOnSi I I Think Selling Politics. (Stereo). 10.00 Worid Wows(M).
      733 words

  • LIFESTYLE
    • 765 19  -  Dissatisfied music critic Robert Palmer has compiled a blues album for a documentary he had narrated, reports Dean Goodman Dean Goodman Blues fans who despair of the slick production that wipes out the soul from many modern blues recordings can iiow savour an album that
      765 words
    • 398 19 CHATTERBOX ELVIS lives and will appear in a grand parade in Washington for Bill Clinton when the Arkansas governor is inaugurated as US president, but he will have to share billing with bands, motorcycles, horses, dogs and donkeys. Elvis will be represented
      398 words
  • Page 19 Advertisements
    • 253 19 AND ENTERTAIN Spicing It Upi Wednesdays are a spicy issue with mouth-watering concoctions like Rendang, Curry Ayam and Sambal Ikan Bakarto tempt your appetite. Buffet Lunch from 12 pm at $19.50++ Buffet Dinner from 6.30 pm at $21.00++ ANA HOTa M ,q«~aM SINCAPORE 732-1222 extension 1700 -T TWOW <651 ra
      253 words
    • 243 19 VIENNA STOCKHOLM MOSCOW BRUSSELS HONG KONG SEOUL c c ,/:S' ~s >•. 1 m 1 rmm > <^k 1Ki!«»; -f f§ rn c > 5 Beyond a welcoming smile. c 3) d At ANA, we understand that your comfort depends on our service. z" And that the quality of our
      243 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3817 20  -  By Moiz Tyebally SHARE PRICES closed broadly lower yesterday. Singapore blue chips fell as foreign fund managers squared their positions ahead of the year-end, while Malaysian issues declined under pressure from a continued sell-off in the shares of the Kamunting group. The benchmark Straits
      3,817 words
    • Article, Illustration
      82 20  -  Paul Leo AT the current price of 54.5 cents, Faber Group Bhd is ready for a rally towards 65 cents. A break above the five-day moving average line will confirm that the upmove has begun. Daily RSI is approaching zero, which indicates that it is oversold. Support is at
      SOURCE: BRIDGE INFO  -  82 words
  • Page 20 Advertisements
    • 31 20 Exquisite designs. Many to choose from. I So, choose from our wide selection and make I 300 Orchard Road 01-06 The Promenade Singapore 0923 Tel: 734 2033/4 Fax: 737 5138 :> I
      31 words


  • 3376 22 GIL US$0.10 136 +6 +4.6% Esso 50c 416 +8 +2.0% Pub Bk Foreign 145 +4 +2.8% Ind Oxygen 50c 60.5 +3.5 +6.1% Sel Drcdg 50c 50.5 +2.5 +5.2% FACB 50c 37 +2 +5.7% Landmarks Bhd 107 +2 +1.9% Pelangi Bhd 50c 126 +2 +1.6% CDL
    3,376 words
  • Page 22 Advertisements
    • 383 22 BJJSINESSnOS Toll free Tel No 737 0043 Fax No; 734 3698 fln The Matter Of The Companies Act. (Chapter SO) And In The Matter Of *00 ENO HWVATS LIMITED (Incorporated m the Republic of Singapore) (In Liquidation) Members' Voluntarily Winding-Up At an extraordinary general meeting ot members of SOO ENG
      383 words
    • 270 22 IN THE MATTER OF THE COMPANIES ACT, CAP. 5* LINT AS SHIPPING PTE LTD (In voluntary liquidation) At an extraordinary general meeting of the company held at 460 Alexandra Road #25-04 PSA Building. Singapore OS 11 on 14 December 1992 the following special ordinary resolutions were duly passed 1. That
      270 words
    • 341 22 M THE MATTER OF THE COMP AMES ACT, CHAPTER SO AND M THE MATTER OF ISLAND EARDtAN SINGAPORE PTE LTD P VOLUNTARY UOUDATO# Ai an Etfraordkwy General ||~|in tf. L J t-l J Mwong oi uV mmvow (J wane Earthan Singapore Pte Ud Aiy convened and held at 21 Colyer
      341 words
    • 173 22 C In The Matter Of The Companies Act, (Chapter 50) And In The Matter Of PACIFIC RADIO (SINGAPORE) PRIVATE LIMITED (Incorporated in the Republic of Singapore) (In Liquidation) Members' Voluntanly Winding-Up Notice is hereby given pursuant to Section 308 (1) and (2) of the Companies Act. Cap 50 that the
      173 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5502 23 Bernama SHARE PRICES on the Kuala Lumpur Stock Exchange dipped as market players were bent on speculative selling yesterday. The KLSE Composite Index closed at 628.88, down 3.66 points from Monday's closing. The Industrial Index fell 11.45 points to 1,068.56 and the Emas
      Bernama  -  5,502 words

  • BT SHARE INFORMATION SERVICE
    • 829 24 Trans Registered Substantial Buy/ No. of Amount Shareholding Stock Date Holder Shareholder/Director Sell shares S Before Atter The H Glass 10/12/92 Key Hope Inveslment Key Hope Investment B 3.000.000 1.800.000 5.000.000 8 30 8.000.000 13 30 The H Glass 10/12/92 COP Prudential Asset Mgt Asia S 6,000.000
      829 words
    • 438 24 Company Date Year Group Not Not earnings Cross ann to profit/tost per share dividend (000) (cents) Wing Tai Dec 4 Jun 92 $14,431 ($9,726) 6 8(5 7) 16(16) Kemayan Dec 2 fey 92 M$23.461l($73) 3(15) MSB Dec 1 Jun 92 M$334(M$11.495) 033(112) 5(12) Amal Steel Dec 1 Jun
      438 words
    • 419 24 Company Date Half-year Group Nat Interim ann to profit/loss dividend COOO) Kim Eng Dec 1 Sep 92 $7.368(S3.694) M Credit Oec 1 Sep 92 $2.0421 ($6,249) l(-) GB Hldgs Nov 30 Sep 92 <1.825(11.108) 2.5TE(2.5)TE Metro Hldgs Nov 27 Sep 92 $3,661 ($1.938) PMRt No* 27 Sep 92
      419 words
    • 105 24 Company Date Year Group Net Net earnings Gross ann to profit/loss per share dividend (000) (cents) CiC Dec 1 Sep 92 $65.010(J71.942) 8 7(14 8) 17(17) Tunes Pub Nov 20 Aug 92 $24,168(135.903) 19 9(29 5) 10(10) NST Nov 16 Aug 92 MJ68 894(155.298 38(31) 20(10) H leong
      105 words
    • 776 24 Current Ex Books Date Total for Total tor payment date dose payable the year last year use 51(b) Jar 8 Jan 22 Jan 29 5% 12% feral Sled 50c 12%(b) Nov 19 Dec 3 Jan 2 12% 12% Amtek Enc 20c 6%TE Dec 4 Dec 10 Dec 30
      776 words
    • 52 24 Renong Bhd: 10th AGM at the Ballroom, Mezzanine Floor, Hotel Equatorial, ialan Sultan Ismail, ***** Kuala Lumpur, on Wednesday, December 16, at 10.00 am Cold Storage HokSngs Ltd: AGM at Mandarin Court A. Level 4. The Mandarin Hotel, 333 Orchard Road. Singapore 0923, on Thursday, December 17, at
      52 words
    • 381 24 In local curr In S$ In US$ dy >t dy S yr dy yr 14 Index chge chge chge chge chge chge Wor id 390.1 0.0 -4 4 0.1 -6.2 0.0 -7.3 icicp 452.6 -0.4 -99 0.0 -13.0 -0.1 -14.0 EuroDe 419.5 -0.2 2.0 0.3
      381 words
  • Page 24 Advertisements
    • 408 24 NEXT GENERATION SHOPPING CENTRES Trends In Development Retailing Februaiy 12,1993 Westin Stamford Hotel, Singapore •9am- 5 pm 1993 will undoubtedly be a watershed year in the history of trendsetters will converge in Singapore to talk about their experiences shopping centres in Singapore. Shoppers will experience a quantum and exchange ideas
      408 words

  • CHINA STOCK EXCHANGES
    • 430 25 CLSA THE Shenzhen domestic market lost another 2.5 per cent yesterday to drive the Shenzhen A Index down to 1,936.47. Turnover in the A market was low at 6.8 million shares. The B market was also quiet with the Shenzhen B Index a
      CLSA  -  430 words
  • JAKARTA STOCK EXCHANGE
    • 1110 25 Reuter STOC KS plunged yesterday on uneasy market sentiment after the government's decision to liquidate the Soervadjaya family's Bank Summa. Brokers said it started the countdown on the Soeryadjaya family's control of Astra International which fell 250 rupiah to 9,000 on 244,500 shares traded.
      Reuter  -  1,110 words
  • STOCK EXCHANGE OF THAILAND
    • 2081 25 Reuter STOCKS extended their losses in the afternoon yesterday with property firms leading the plunge after rumours that the watchdog Securities and Exchange Commission would file charges against major investors, brokers said. The SET Index dropped 10.88 points, or 1.28 per cent, to
      Reuter; Source: Bridge Info  -  2,081 words
  • Page 25 Advertisements
    • 56 25 JfUIWMHI)IMinJ|Wk\W_ II I I 111 I k I I I I I ■II I I 111 I I I I Find out in I II I I I I 111 I II I 1 I I Personal Investment and Finance. 111 I ■I I 111 I■ I I I I
      56 words

  • TOKYO STOCK EXCHANGE
    • 2623 26 Reuter STOCKS staged a late rebound yesterday to close up but off afternoon highs. Buying on technical grounds and by pension funds, as well as revived rumours of an impending discount rate cut helped lift prices, brokers said. But sentiment remained subdued and trade
      Reuter  -  2,623 words
  • STOCK EXCHANGE OF HONGKONG
    • 2476 26 Reuter SHARE PRICES ended firmer yesterday but off their highs with the Hang Seng Index finishing up 48.08 points at 5,315.81. "Overall it's been slow. It's good to see the market going up but turnover has been mediocre," said a broker from Baring
      Reuter  -  2,476 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2060 27 Reuter PRE-CHRISTMAS profittaking yesterday caused a late sell-ofT on shares, which finished mixed on aboveaverage volumes. Metal and mining companies held ofT against the late downturn, with sellers offloading mainly industrial stocks. "The overall trend is up. but profit-taking took its toll later
      Reuter; Source: Bridge Info  -  2,060 words
  • REGIONAL STOCK MARKETS
    • Election jitters depress Seoul, Taipei prices
      • 821 27 PROFIT-TAKING and jitters ahead of Friday's presidential poll pressured the extremely thin stock market yesterday, despite late institutional support, brokers said. They expected the market to rebound slightly today. "Profit-taking by restless investors prevailed. Jittery investors are trying to secure profits by unloading their holdings as they are unsure
        821 words
      • 517 27 STOCKS ended slightly lower in moderate trade yesterday amid political uncertainty before Saturday's parliamentary elections, but brokers said buying by institutions provided support at the lows. The Weighted Index slipped 8.50 points to end at 3,688.26. Turnover was NTS 7.2 billion against Monday's NTS 12.1 billion. Institutions bought low-priced
        517 words
      • 118 27 STOCK prices fell further yesterday and brokers said the Bombay Stock Exchange Index could fall by up to 20 points a day for the rest of the week because of political uncertainty caused by Hindu-Muslim clashes. Indian stock prices have taken a heavy beating since ethnic clashes claimed more
        118 words
      • 584 27 SHARE prices fell sharply yesterday when issues of phone giant Philippine Long Distance and Telephone Co (PLDT) declined in New York, brokers said. The Manila Stock Exchange Composite Index fell for the fourth straight day. by 19.07 points to 1,183.49 from 1,202.56. The market has lost 66.25 points in
        584 words
      • 206 27 SHARES slumped yesterday as investors sold selected blue chips but the market will not see major declines in the runup to the Christmas holiday season. said brokers. The Top 40 Stock Index lost 11.7 points to close at 1.520.4. New Zealand I)ei- 15 NZS VolfOOi ANZ Banking 3.75
        206 words
      • 54 27 INDICES TURNOVER Close Pre»ious Dec 15 NEW ZEALAND NZSE-40 Capital 1.520.4 1.532 10 -11.7 MANILA Composite Index 1.183.4*) 1.202.56 -19.07 Turnover (mil pesos) 310 1 197.2 -112.9 TAIPEI Weighted Price Index 3.688.26 3.6%.76 -8 50 Turnover (NTS billion) 7.2 12.1 -4.9 SEOUL Composite Snvk Index 650.21 651.23 -1.02 Turnover (billion
        54 words

  • WORLD STOCK MARKETS
    • US stocks fall for third straight session
      • Article, Illustration
        1342 28 STOCKS fell for the third straight session on Monday in quiet trading after the market's late-morning attempt to recover from last week's pullback blamed on persistent profit-taking ran out of steam. The Dow Jones Industrial Average, which lost 8.11 points last Friday, slipped another 11.88 points to 3.292.20.
        1,342 words
      • Article, Illustration
        808 28 SHARE PRICES rose slightly on Monday, boosted by a firmer opening on Wall Street, though dealers were largely unimpressed by the outcome of the European Community summit meeting in Edinburgh. EC leaders found solutions to the two key problems which threatened to paralyse the future of the European Community:
        808 words
      • 78 28 INDICES TURNOVER NEW YORK (lose Previous Dec 14 Do» Jones S& P 500 Turnover (million) 3.292.20 432.84 187.04 3.304 08 433.73 164 51 II 88 -0.89 22.53 LONDON KTSE 100 Fr-30 Turnover (million) 2.721.8 2.067.2 435.8 2.716.2 2.062.8 695 5 56 +4.4 -259.7 FRANKFURT DAX Index 1.469.75 1.476 01 -6.26
        78 words
      • 287 28 SHARES posted their fifth straight day of losses on Monday, ending at their lowest level in almost two months. But dealers said turnover was meagre in the run-up to the holiday season and no major new factors had emerged to give the market any direction. The DAX Index of
        287 words
      • 277 28 THE BOURSE suffered through its third straight losing session on Monday, as the CAC 40 Stock Price Index finished the day at 1,738.26 points, down by 1.16 per cent by comparison with the Friday close. The indicator had opened with a slight loss of 0.05 per cent, but then
        277 words
      • 260 28 A COCKTAIL of poor economic data, end-of-year position squaring and privatisation nerves hit shares on Monday, dealers said. Prices ended weaker across the board but mostly off lows. "The economic outlook is bleak, the privatisation plans seem to be crawling along, and we're waiting for an interest rate cut
        260 words
      • 244 28 SHARES closed higher on moderately active trade on Monday. Dealers said demand centred on industrial blue chips, while banks traded mixed. The blue-chip index, which broke 2,000 points, reached a new year-high but some dealers said the market looked overstretched. The SMI Index rose 21.8 points to a final
        244 words
      • 257 28 SHARES closed weaker on Monday, but otT their lows, in the absence of market moving news and investor interest to do business. "It's been awfully quiet. A miserable day." said dealer Hans de Jonge at Barclays de Zoete Wedd Nederland. Most attention focused on chemicals group DSM which continued
        257 words
      • 108 28 SHARES closed up on Monday, but off their earlier highs, after a rally spurred by lower credit market yields faded later in the day. "The steam ran out. the Monday blues took over, and overseas bourses didn't look very good," one dealer said. The All-Share Index closed up 0.45
        108 words
      • 154 28 SHARES closed lower for the fourth consecutive day on Monday as a general lack of enthusiasm depressed stock markets in Europe. Traders said that although trading volume was low not even 600 million francs it did not even reflect the market's lethargy on Monday. "1 hope I will not
        154 words
      • 256 28 A ROUND of profit-taking on Monday, inspired by weakness on Wall Street, dragged down stocks from earlier highs, while volumes remained moderate, dealers said. Among losing groups, the Real Estate Index slid 34 points or 1.11 per cent to 3,024. The TSE-300 Index fell 5.5 points or 0.17 per
        256 words
      • 303 28 Vienna I*c 14 Asch Akg Holding 1100 30 Bank Austria (P) 464 +1 EAIIgcm(P) 1655 -25 Jungbunzl ***** unch Lenzing 655 2 Leykam 270 2 Oestcrr Brau 451 9 Sempent 97 1 Slcyr 197 4 Veitschcr 241 -3 Source: Z-Landerbank Bank Austria Johannesburg Dec 14 Rand INDUSTRIALS A Alpha 3200
        303 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKET
    • 1130 29 REPORTS ASIA TOKYO: The dollar ended a fraction higher against the mark and the yen in Tokyo, where trading was at a virtual standstill throughout yesterday, dealers said. The dollar rose against the mark on short-covering in pre-opening trade on news that
      1,130 words
    • 396 29 Cross rates Dcc 15 US$ SS MS Dm Yen SFr AS NZS USS 1.6395 2.5585 1.5730 123.80 0.6402 1.4120 1.4535 1.9380 SS 0.6099 1.5605 0.9594 75.5108 0.3905 0.8612 0.8865 1.1821 MS 0.3909 0.64 0.6148 48.3877 0.2502 0.5519 0.5681 0.7575 Dm 0.6357 1.0423 1.6265 78.70 0.4070 0.8976 0.9240
      396 words
    • 600 29 Interbank rates SS Bid Offer j" Overnight 1 1 |/g 1-month I 5/8 I 3/4 2-month I 7/8 2 3-month 2 2 1/8 Overnight mode: 7/8 tSS Hid Offer 7 days 3 3 1/8 1 month 3 11/16 3 13/16 2 months 3 9/16 3 11/16 3 months
      600 words
    • 323 29 Reuter TOKYO A lack of open discussion on foreign exchange markets at the European Community (EC) summit failed to give firm support to the French franc, and market sentiment still favours "safer" European currencies. dealers here said on Monday. "The basic plan in Europe
      Reuter  -  323 words
    • 1498 29 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/lnt Mar 93 96 09 96 12 96.09 96.11 ***** ***** ***** Jun 93 95 60 95.65 95.59 95.63 4680 6333 ***** Sep 93 95.10 95.14 95.10 95.12 3535 3565 6518 Dec 93 94 47 94.52 94.46 94.49 1500
      1,498 words

  • COMMODITIES
    • 307 30 Reuter SINGAPORE South-cast Asia's coffce prices, which have recently risen in tandem with the London market, may find further gains tough next year as demand remains fiat and consumer stocks abundant, Asian traders said. "Growers, traders and the warehouse people are
      Reuter  -  307 words
    • 324 30 Reuter BANGKOK Thailand will remain the world's dominant rice exporter in the 1990s but two of its neighbours will begin to erode its share of the rice trade, say analysts. Thailand is likely to maintain rice exports at an average four
      Reuter  -  324 words
    • 754 30 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market finished two sen lower at MS 14.35 per kg yesterday on light buying interest. Despite the slightly higher close on the London Metal Exchange overnight, the metal was offered at
      754 words
  • 1613 30 Rubber HAS Commodity Exchange (futures dosing as at 1pm) RAS (physical prices) RSS I Contract (S cents/kg) Buyers Sellers Close Volume Open As at 12 noon (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Jan 93 142.25 I43.25N Jan 93 Feb Mar 148.00 0.00 147.75 147.50 0.00
    1,613 words
  • Page 30 Advertisements
    • 184 30 _B_U_S INESS TIMES Tom If— T1 No 737 0Q43 Mn- T-H inna INCHCAPE BERHAD (Incorporated in the Republic of Singapore) LOST CERTIFICATES Notice is hereby given that the following certificates have been reported lost tarnfi Share Certificate No. No. of shares Ng Kian Fong *****9 1 xlOOO Ng Kian Fong
      184 words

  • THE TRAVEL PAGE
    • 1217 31 Crty Flight ETA Flight ETD j City Flight ETA Flight ETO Abu MiaM GA983 1100 GA974 0040 SO 103 0950 MH670 0950 MaWfe wn7 rrrr MH605 1020 SQ106 1045 2230 SQ105 1050 so 108 1145 w Mn RJ182 1440 MH642 1220 MH641 1315 Amsterdam KL837 1515
      1,217 words
    • 647 31  -  LETTER FROM FLORENCE By John Follain IN ITALY'S most famous museum, there is no room to hang a eoat and visitors are a threat. The only time the UfYizi Gallery managed to eope with the How of tourists was during the Gulf War. There weren't any. The
      647 words
  • 153 31 As at 10am yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.I22S 1.1382 Canadian dollar 1.2722 1.2979 NZ dollar 0.8360 0.8660 Sterling pound 2.5499 2.5858 US dollar 1.6350 1.6420 Local dollars to 100 units of foreign current) Austrian schilling 14.65
    153 words
  • 74 31 Duration Title Venue Ot^aniser Tel Jan 20-23 British Education Barbican EMAP Intl 071-*****47 Training Centre. Exhibitions Ltd. Technology London London Jan 19-24 International Cologne. Messe-und <49)221/ 1 Furniture Fair Germany Ausstellungs*****74 ■IH Ges.m.b.h. Koln 1 i Duration Title Venue Organiser Tel Jan 25-27 Fishing Exhibition T renton
    74 words
  • Page 31 Advertisements
    • 39 31 The 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. know the world from start to Finnish.
      39 words
    • 25 31 Difficulty in getting a copy of Her World, Go, Singapore Business, Home Decor, Young Parents? Call our Hotline 749 2577 for locations of nearest newsstands.
      25 words
    • 227 31 P lare these 1 I people Make your garage success. Make a to place an ad in The Straits Times lf^^^H#/AE^ Classified. (A if Hurry, your deadline is s| |\W A s:oopm daily I /l for the following day's liw m M» publication. THE STRAITS TIMES CLASSIFIED Now you can
      227 words
  • Page 31 Miscellaneous
    • 306 31 I'm so startled when con- Hj founded by a poser (7, 5) 9 Army men truly needed to 3 I I I I I get satisfaction (7) 10 Tourist who is heading for 11 One upper-class fool suf- 11 i: i fering a setback (4) U ■■l 12 Exhausted writer
      306 words
    • 168 31 Singapore Outlook: Cloudy with occasional showers in the late morning and afternoon. Report: Maximum temperature 30.9 Assoc humidity 65% Minimum temperature 23.7 Assoc humidity Hours of sunshine 5.55 Rainfall in mm Nil Rainfall this month 282.9 Rainy days this month 10 World report Asia-Pacific Hi/I»* Cond. Auckland 20/10 Cloudy Bangkok
      168 words
    • 26 31 rnoCH \s IT WOU) mRSN/ LUNCHEON TT\<e \r wll se is imr ?J THe. \r __DiNr*eß pind pfiNCg. y > X C ASSOCIATED NEWSPAPERS LTD 1962-IM2 PQQMDS..7\
      26 words

  • 418 32 Reuter HONGKONG Comments from US President-elect Bill Clinton that China could keep its US trade privileges gave Hongkong's battered business confidence a welcome boost yesterday, analysts said. But the issue of China's Most Favoured Nation (MFN) status, only a few months ago one
    Reuter  -  418 words
  • 302 32 AFP BEIJING China will make its broadest tariff cuts ever, cut import licensing requirements and increase transparency in its trade regime in an all-out bid to reenter the General Agreement on Tariffs and Trade (Gatt), press reports said yesterday.
    AFP  -  302 words
  • 130 32 AFP HONGKONG China has completed its largest ever military reshuffle with renewed emphasis on allegiance to the ruling Communist Party, a pro-Bei-jing daily reported yesterday. An authoritative source in Beijing was quoted by Hen Wei Po daily as saying that the month-long sweeping reshuffle of the
    AFP  -  130 words
  • 461 32 Bernama JOHOR BARU Tengku Abdul Majid Idris, 22, the son of the Sultan of Johor, claimed trial in the magistrate's court here yesterday to voluntarily causing hurt to Perak goalkeeper Mohamed Jaafar Selvaraja Velio. Tengku Abdul Majid, who stood in the dock, shook
    Bernama  -  461 words
  • 140 32 AFP LONDON British Petroleum will axe another 8,000 to 9,000 jobs by 1995, a BP spokesman announced here yesterday. These are in addition to the 11,500 job cuts (10 per cent of the oil group's world work force) expected to take place
    AFP  -  140 words
  • 276 32 AFP. Reuter MOSCOW Russian President Boris Yeltsin yesterday vowed that there would be no backsliding on the economic reforms begun a year ago despite the appointment of a conservative-backed industrialist as the new prime minister. "There will be no pulling back
    AFP.; Reuter  -  276 words
  • 724 32  -  The Bottom Line RAY HEATH RAY HEATH The writer is a London-based journalist who contributed this commentary to BT. CORPORATE fundamentalism is on the march. And like any other form of extremism, it can make a very disturbing export; all right in the country of
    724 words
  • 404 32 AFP JAKARTA President Suharto yesterday declared the weekend's earthquake that killed more than 2.000 people in eastern Indonesia a national disaster and urged all Indonesians to help the victims. Supardjo Rustam. coordinating minister for people's welfare, told reporters after meeting Mr Suharto
    AFP  -  404 words
  • Page 32 Advertisements

  • Shipping Times
    • 382 33  -  By Juliette Walker SINGAPORE Stateowned China Ocean Shipping Company (Cosco) will reorganise and upgrade its services to the Persian Gulf and Indonesia from January. The Chinese national shipping line will deploy eight 1,200-box containerships on a revamped weekly service from China to
      382 words
    • 345 33 AFP LONDON Strong demand for grain and a shortage of shipping in the build-up to the Christmas holiday period gave a push to the freight shipping market over the past week. The Baltic Freight Index (BF1) gained 22 points from the week before, closing
      AFP  -  345 words
    • 1172 33 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Alpha Feeders 6 I ANL 3 1/2 APL 5 3-5 Asian Break-Bulk 16 5 ASCL 5 5 ASXCLShpg 15 2 Austorient Shpg 16 1 Avant Shpg
      1,172 words
    • 341 33  -  By Rahita Elias SINGAPORE National carrier Neptune Orient Lines will from next month prov ide a direct link between the US east coast and the Indian subcontinent, using Colombo as the huh port. The connection, which the line claims will be the fastest available, will provide
      341 words
    • 292 33 Knight-Riddcr NEW YORK The timecharter market remained the most active sector in the Atlantic. Most brokers agree that the December market is very strong, and those looking to cover freight will have to "pay up". Fixtures reveal that timecharter levels have jumped as high
      Knight-Riddcr  -  292 words
    • 129 33 Bloomberg OSLO Kvaerner AS said it received an order worth 5 million Norwegian kroner (SSI.2 million) from Phillips Petroleum Co's Ekofisk unit to set up remote monitoring for a production platform in the Norwegian North Sea. In a statement on Monday, the Norwegian shipbuilding and
      Bloomberg  -  129 words
    • 324 33 Knight-Ridder BEVERLY HILLS, California Litton Industries Inc said the Navy awarded its Ingalls Shipbuilding unit a USSS76O.9 million contract to build an amphibious assault ship, used in beach landings. The Navy had the option to order the ship, the sixth in
      Knight-Ridder  -  324 words
    • LOG BOOK
      • 108 34 MALACCA The Transport Ministry has set up the Shipping Fund to encourage entrepreneurs to venture into the shipping industry', its Secretary-General Wan Awang Wan aacob said on Monday. Ihe fund offered an equity financing facility for entrepreneurs to obtain loans from the
        108 words
      • 70 34 KUALA LUMPUR The Malaysian Air Force has agreed to administrate Cambodia's airports at the request of the United Nations, Defence Minister Najib Abdul Razak said yesterday. The air force will take part in the air traffic, training of Cambodians and aircraft refuelling and airport management,
        70 words
      • 78 34 NEW YORK BP Oil. a unit of British Petroleum Co pic. said its Linden, New Jersey oil products terminal remains partially closed following Friday's tierce rainstorm, but full operations are expected to resume this week. "We should be up to full operations tomorrow or Wednesday.
        78 words
      • 67 34 ATLANTA United Parcel Service said it expects to deliver about 270 million packages during the four weeks between Thanksgiving and Christmas Eve. The closely-held company said it expects Dec 22 to be the busiest day with an estimated volume of 18.2 million packages. To
        67 words
      • 105 34 BEIJING China expects car imports this year to hit 60.000 vehicles accounting for about one third of domestic market demand as tariff rates are adjusted downward, the official China Daily said. "Actual import duties decreased by 10 per cent." the newspaper said, citing a raft
        105 words
      • 72 34 WASHINGTON United Airlines said on Monday it was holding discussions with jet-builder Boeing to reduce its order for new planes. "We remain very concerned with the ongoing economic turmoil in our industry," said United chairman Stephen Wolf. "While United has already implemented significant cost-reduction programmes,
        72 words
    • 933 34  -  How did the A 340 fare when faced with a barrage of frozen chickens? Paul Betts takes a look at the jet s US$ 1.5b test programme before it begins commercial service next month Paul Betts FT THE JET legs are getting longer. An Airbus
      FT  -  933 words
    • 11503 42 This is a list ot ships loading at Singapore lor ports around the world. It tabulates. by destination, the name of the ship, the shipping line involved and the estimated dates ot arrival and departure from the Port of Singapore, leqenq PN: ship ealls at Pcnang alter
      11,503 words
    • SHIPS IN PORT
      • 767 49 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departure iurong Port Vung Tau 92 04 92 P03 atones* 1512 1900 Amurskiy Liman 03 92 )2 alongside 16 12/1000 Yuwaki M ?06A P04 alongside 1612, 1500 Arktis Stat 12 3 alongside 1612 0900 Arktis Blue
        767 words
      • 175 49 Johofe Port Berth: 1: Johan 111. 2: Maritime Alliance. 3: SCC 3: 4: Lu Feng Pagan, 5: Kanlica 1 GeniKi.6: BRG. Kuala Siak. 01 jetty: mi. DCJ: Kydei Maru 2. Due on Dec 15: Kota Makmur Hai Yen 02. Norgas Votory. Ratna Valai Due on Dec 16: BarzaN.
        175 words
      • 2306 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers available Ship Voy No Containers available Rota Machan 337 *****2 0200 Nan Princess 53S COO(EST) *****2 2300 B Serota 909 *****2 0310 Josindo 1 2101N COD(EST) 1512.92 2300 D Sentosa 05N *****2 0320 Alsia 2492 COO(EST) 15
        2,306 words
    • 1098 50 PANAMAX freight rates in the Atlantie gained, while the Pacifie was only steady on a rising influx of tonnage on Tuesday, brokers said. Fixture volumes were slim. The Baltie Freight Index (BI D rose one point to 1,360 with US Gulf/Japan grain a toueh softer at U5524.81 (U5524.83)
      1,098 words
    • 340 50 AFP STRONG demand for grain and a shortage of shipping in the build-up to the Christmas holiday period gave a push to the freight shipping market over the past week. The Baltic Freight Index (BFI) gained 22 points from the week before, closing at 1,359 points, its highest
      AFP  -  340 words
    • 408 50 COURSES On Request: Practical Pilotage Attachment course, organised by Singapore Port Institute. For course details and application forms, please contact SPI at tel: 321-1825 or fax: 321-1416. 1993 Jan 4 (10 sessions of 2 l h hours): Cargo Handling and Shipping Course, organised by Computer Lord Industrial Training
      408 words
    • 411 52 Belgium invokes special clause to investigate merger FT. AFP LONDON The European Commission has launched an inquiry into the competitive implications on air services between Belgium and the UK of British Airways' acquisition of Dan-Air, the financially ailing UK-based regional carrier. The unexpected
      FT.; AFP  -  411 words
    • 417 52 FT BUDAPEST Hungarian government officials last week indicated that Alitalia, the Italian state airline, was poised to acquire a minority stake in Malev, the Hungarian carrier, against stiff competition from Lufthansa of Germany. A formal announcement of the sale is expected this week
      FT  -  417 words
    • 242 52 Reuter NEW YORK In the first damage award stemming from the 1983 downing of a Korean Air Lines (KAL) that strayed over Soviet territory, a federal jury has given U*****.000 (SS600.000) to two relatives of a passenger killed in the tragedy. The jury, which
      Reuter  -  242 words
    • 417 52 Reuter BONN Volkswagen AG (VW), Europe's largest car maker, on Monday announced short-time working at its main Wolfsburg headquarters next year due to slowing orders. A VW spokesman said workers would be put on 12 days of short-time work during the first quarter of
      Reuter  -  417 words
    • 215 52 UPI NEW DELHI Most domestic flights in India were grounded on Monday as many senior pilots of the state-owned Indian Airlines joined other pilots in a work stoppage, airport officials said. Rights of Indian Airlines, the country's main domestic carrier, have been disrupted since
      UPI  -  215 words
    • 342 52 Bloomberg MEMPHIS Federal Express Corp reported that its second-quarter net income soared 42 per cent, sending analysts a strong signal that the turnaround at the Mem-phis-based air freight carrier is on track. Earnings rose to U5537.9 million (5562.1 million) from U5526.5 million
      Bloomberg  -  342 words
    • 190 52 Reuter ABIDJAN A Fokker F-27 passenger plane has crashed in mountainous eastern Zaire and Zairean radio said all 37 people aboard were killed. The Zairean authorities found the wreckage of the plane, flown by the private airline Scibe-Zaire. on Monday 10km from the
      Reuter  -  190 words
  • Page 33 Advertisements
    • 27 33 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Ship- Illfi/A) ping Association. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
      27 words
    • 20 33 Airbus A 340 faces test of the frozen chickens, Page 2 EC commission probes BA takeover of Dan-Air, Back Page
      20 words
    • 124 33 FUJI CONTAINER LASHING SYSTEM EQUIPMENT AND FITTINGS WE PLAN, DEVELOP, DESIGN MANUFACTURE CONTAINER LASHING SYSTEM TO CATER TO YOUR NEEDS. FU# AUTO TWISTLOCK SK-21-H TRADING (SINGAPORE) PTE LTD TEL: *****55 FAX: *****43 l#C" A IB IfOPCII THE TOTAL TRANSPORTATION m o InssSflfl &SJ established in 1984 international .E2SIIL*. with a
      124 words

  • Page 34 Advertisements
    • 318 34 I Someone close has been living Your son in Canada Is studying for some years, overseas. You've given up PPtfM And you *****S 1056 mmm i^S^lLs ■ftKM close to home Weekly tells It better. -with news (Height from home. comeback after reading all the good news.) To your principals You've
      318 words
    • 130 34 Test routes NORTH POLE "A .'.TAIRBANKS J r-s f 2g2»'. FRANKFURT yr/ JOHANNESBURG SYDNEY > BUENOS AIRES *f J November 21 flight The key test flights FRANKFURT Completed: Toulouse... Singapore... Mauritius... Toulouse ©Completed: Hot and high trials: Toulouse... Abha... Toulouse Local time 11 40 Completed: First flight over North Pole:
      130 words

  • Page 35 Advertisements
    • 4739 35 OOCL (S) PTE ltd JARDINE shipping agencies TEL. *****11 FAX *****09 Mllf/ PlnH Hilt hOW BOOKINGS TEL *****34 *****58/ *****40 ~,U UUI> I,UW CFS (PSA F5) TEL *****21/ *****79 pRMMTI collorc arn PESAKA JARDINE shipping AGENCIES SON. BHD. L \ffiw A 3CMCI 3al c m PORT KELANG TEL *****18 FAX
      4,739 words
    • 1505 35 NEW SERVICE TO/FROM SOUTH AFRICA TRANSIT TIME PORT OF CALL FROM SIN TO SIN Durban 12 DAYS 12 DAYS Port Elizabeth 14 DAYS 17 DAYS Capetown 16 DAYS 16 DAYS Vessel Voy ETA ETD Feeder by DESTINATIONS Thrt wee* Madisor Maersk 9302 IT^TTWW^— 22/12 0800 MRS CFS 21/12 2359 MRS
      1,505 words

  • Page 36 Advertisements
    • 1559 36 AQABA R DAM/ LE ■VTTT7^ VOY NO SPORE JEDDAH (via JED) S TON H BURG ANT HAVRE DANUBE 05/150 16/12 2/1 5/1 3/1 1. ALL WESTBOU® LUDWIGSHAFEN EXPRESS 05.350 19/12 29/12 4/1 6/1 9/1 11/1 13/1 PORT KELANG t PENANG MONTE ROSA 22/151 24/12 9/1 12/1 10/1 CARGO TO UK,
      1,559 words
    • 629 36 FCL Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.1.5.-Vottochny, Vladivostok, Moscow. Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia Hungary CSFR Poland ocT<§>Trans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA BATA Feeder Vessel ETA SIN VILLE DE TUCANA I g/ 1 2 VILLE
      629 words
    • 1613 36 I ggl wmmMMM mMms REGULAR INDEPENDENT FULL CONTAINER SERVICE VSL/VOY SIN ALG BCL* HAM BRE# ROT ANT# FEL LHA NORASIA 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 23/01 B OIDENOOKF 243 V* 30/12 21/01
      1,613 words

  • Page 37 Advertisements
    • 2038 37 fk m STRAITS SHIPPING PTE LTD Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel: *****88 Fax: *****17 ACCEPTS CAM GO Dm SAftS I fill I? H 8 IVI [M M lIMIfJ I Hl] KRIS MADURA VI3C KK Skin, law 16 IS D«c 16 Dec 19 Dcc STRAITS ttWURt V
      2,038 words
    • 1770 37 n SINGAPORE AGENT: iJiXTfI I p&0 Containers (Singapore Agencies) Pte Ltd x iXV/ VjUlllCllllvX 9 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Tel: 225 2233 Telex RS ***** PNOCSP Fax 225 5327/222 7517 CR Number: **********0Z EXPORT IMPORT VESSEL VO* PNG "PKO SIN ALG SOU ANT HOT HAM
      1,770 words

  • Page 38 Advertisements
    • 777 38 DJAKARTA LLOYD INDONESIA NATIONAL LINE TO EUROPE EXPRESS S£SH-CONTAINER6HIP S€RVtCE I«t I wy~ swm I »d«m tttTT mis I bwmw gmwr ma imam 33wb itn/12 I u/i J 211 21,1 1/2 L TO rni<r oobk VSI/HOT PHL SPWt STD MIIB BUW MB i MjjO AUSIKAIIA ***** IV 12 21/12 1/1
      777 words
    • 1905 38 HANJIN SHIPPING (M VSI I SIN |UK HAUL SEA VCR IDR VSI JN ||N HAU SAV HM NYC HANJIN KUNSAN 0821 21 12 H 10NGHAE 097E 14/1 IS/1 HANMN KUNSAN 082f 21 12 M ASIA 007 C 2t 1 29 1 31/1 FISHGUARD BAV 301N 128 12 H NEWYQRK 046E
      1,905 words
    • 269 38 a EVERGREEN 1 f u n Container Service Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB/FE) US WEST COAST/PNW SERVICE OUTBOUND INIII >11NI) FAR EAST/RED SEA/MEDITERRANEAN OUTBOUND MED/RED SEA/F.E. INBOUND FAR EAST/ SRI LANKA/ INDIA/ PAKISTAN/ FAR EAST OUTBOUND INBOUND I RTW SHIPPING (S) PTE LTD M SIA Agents: GREEN
      269 words

  • Page 39 Advertisements
    • 1872 39 I— YEAR-END LOADER I II SSSi AfOiw II SCX: 'NEPTUNE CRYSTAL 10E' ETA SGP 31/12/92 I ARRIVING LOS ANGELES 17/01/93 IN 17 DAYS p NORTH WEST EXPRESS fNWX) I SINGAPORE CALIFORNIA EXPRESS (SCX) I TO PftfW USA INLAND POINTS I TO CALtFORMA .US GULF- MLAMO POtMTS. ATLANTIC VIA MLB U
      1,872 words
    • 1221 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 lEASTBOWP-OSCHMONG WSTBOUTC-LOADING TRAXSHTPED VIA ROTTERDAM
      1,221 words

  • Page 40 Advertisements
    • 1801 40 K» "W AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (O *0 **********0 M) I mm TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 i BJ MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD m J 1 FV TEL: SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 ■MM LTD P.X. SAKAHA LAUT
      1,801 words
    • 1272 40 PHiu-omtNT lincs pk ltd W 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex RS ***** Fax: *****76/*****38 BV A/R, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION FCL/LCL StRVtCE l~n 18 DEC SYDNEY, MELBOURNE. BRISBANE. FREMANTLE 27 DEC AUCKLAND.
      1,272 words

  • Page 41 Advertisements
    • 863 41 PACIFIC INTERNATIONAL LINES (PTE) LTD 140 Cecil Street, #03-00 PIL Building, Singapore 0106. 1-1 CR NO: **********0E VESSEL VOY SIN BKK SIN VESSEL VOY SIN JKT SIN SINO MARINE 01N 1»/12 22/12 26/12 5nVi T i2s» H i^ WK S/1I SRISAMUT (THAI FLAG) SRS4BN 20/12 23/12 27/12 BUNGA TERATAI 113
      863 words
    • 1645 41 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p P GUDANG PENANG PKELANGI OCEAN VSL/VQY SIN SOUHI RTM (21 HAM (3) GOT ;4) E 18/12 16/12 19/12 BENAVON 2502 22/12 8/J 10£J 11/1 13/1 25/12 25/12 26/12 JUTLANDIA 2512 29/12 15/1 17/1 18/1 20/1 D "1 i/1 271 SELANDIA 2522 571
      1,645 words
    • 294 41 BSA° TRANSPORTATION H MYANMA mmk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIj Pen PGd| PATHE* VI2OW In Port HPA AN VIB4W In Port PAGAN VI9IW 4/6 lan NIGERIAN NATIONAL M SHIPPING LINE BP NIGERIA EXPRESS SERVICE RIVER MAJE RIVER NGADA V.50 V.50 SPORE Sid 9
      294 words



  • Page 44 Advertisements
    • 3080 44 Full Container Liner Services Malaysia's Agents: Indonesia's Ajents: General Agents: Booking Agents: Guan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn Bhd PT. Global Putrs Indonesia Maritime Costar Shipping Rte Ltd Skipping Freight Booking Centre Sdn BM 58 Persiaran Ra/a Muda Musa Lot 3.34. 3rd Floor. lR H Juan<ia nl
      3,080 words
    • 319 44 SAMUOERA INDONESIA (S) PTE LTD 15 McCALLUM STREET ■■■■m #09-01/02 NATWEST CENTRE Singapore 0106 T«tex: R*****0 Tel: *****81-3 Fax: 225 4939. *****38 FOR BOOKINGS CALL DIRECT LINE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK KURNIA SAMUDERA 957 IN PT 19/12 (SAT). OERAJAT 1012 IN PT 19/12 (SAT) PELOPOR 1059
      319 words

  • Page 45 Advertisements
    • 640 45 FAMOUS CONTAINER LINES 10 ANSON RD. #15-21 INTERNATIONAL PLAZA, S PORE 0207 HOT LINE: *****33 (24 LINES) LIMASSOL/PIREAUS 20/12 ROTTERDAM 20/12 HMEA/ASHDOD/ALEXANDRIA 20/12 [HAMBURG/BREMEN 20/12 MARSEILLE/FRANCE 20/12 EELIXSTOWE/uiT 20/12 BARCELONA/SPAIN 20/12 LEHAVRE/ANTWERP 20/12 GENOA/ITALY 20/12 GOTHENBURG/SCANDINAVIA 20/12 LOS ANGELES/WC IPI 20/12 SYDNEY/MELBOURNE 18/12 NEW YORK/EC 20/12 FREMANTLE/ADELAIDE 20/12 VANCOUVER 20/12
      640 words
    • 755 45 |T^^^ICHFIE^MARINEAGtIIciES(?^7Tr^^ VjV TEL: *****33 (12 Lines) =L FAX: *****15/*****03 PH TELEX: RS ***** RISHIP (3 Lines) PtS ETHIOPIAN SHIPPING LINES (National Lines ot Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOV ETA I LOADING FOB SPORE ABBAV AON J 34 WB In Pt OAHESSAL AAM MOMBASA DJIBOUTI ASSAB MASSAWA NETSANET ,>7WB
      755 words
    • 921 45 JAKARTA BANGKOK VESSEL VOY SW «T 1 VKSa I WW IMMfOK BROWOK WANA BHUM 171S IN PI 19/12 MAHA BHUM 137N Wed IN PT Sal 20/12 Kill BHUM 09S 10/12 22/12 lARU BHUM SSN Fri 10/12 Mon 21/12 BENIA BUM 57S 19/12 23/12 NANIA BHUM 1?0N Sat 19/12 Wed 23/12
      921 words

  • Page 46 Advertisements
    • 1674 46 HHMlmac-nels groupage I -IVy JPENANG: (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 v P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 16/12 17/12 18/12 Hong Kong Ldn/Fli/Rdm/Ant/LHV 17/12 18/12 19/12 20/12 21/12 22/12 Hong Kong Gburg/C'hagen/Sholm/Oslo 20/12 21/12 22/12
      1,674 words
    • 258 46 BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN ML LVT SM MUST STAR 84S 25/12 6/1 1/1 25/1 PROSPECT 22S 6/1 18/1 20/1 6/2 HI STAR 5S 19/1 31/1 2/2 19/2 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND, LYTTELTON. ACCEPTING FCL LCL FOR NEW PLYMOUTH. NAPIER,
      258 words
    • 1082 46 THONG SOON UNES PTE. LTD. Mi 11 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINEh C6NTAIMER SERVICES SINGAPORE TO SARAWAK SINGAPORE TO WEST MALAYSIA VESSEL |¥0Y I S PORE [PEST VESSEL VOY SPORE P.
      1,082 words

  • Page 47 Advertisements
    • 803 47 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALL AO. MATARANI. ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. WpV'EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL JAPAN SERVICE ACCEPTING BREAKBULK/SOC CARGOES TO FROM KOBE. YOKOHAMA, NAGOYA. MOJI, TOKYO", MANILA", DAVAO*. Penanf P.
      803 words
    • 722 47 |CZ3 AM pwl CwtalMf tonrlct LImJ N.AMERICA/CARRIBEAN SERVICES kssel Ivor |mi I Iwt'l la» »st sa» mc hh >tt HA*A 75E II 12 M SAVAMUH J* It 1 24 1 21 1 11 1 2 2 INS'OMT I?* 21 12 m lAPAN H 26 1 47 I 2 10 2
      722 words
    • 679 47 REGULAR LINER SERVICE FIXED DAY SCHEDULE NAJD LINER SERVICE PORT KLANG/ JAKARTA/ SINGAPORE/ PORT KLANG VOY ETD PKG ETA MT CIA Slti MVLEONA 92/1 1/1? 5/12 «/12 M V I EON A 92/2 9/12 13/12 16/12 M V UONA 92/3 17/12 21/12 24/12 M/Y LEON* 92/4 25/12 29/12 1/1 M/W
      679 words
    • 464 47 II |Lwailll»llK8B I FORTNIGHTLY DIRECT CONTAINER SERVICE SIN TO DURBAN ALSO CALLING PT. ELIZABETH/JOHANNESBURG TWICE WEEKLY CONTAINER SERVICE SIN/MADRAS/SIN ALSO ACCEPTING CONTAINERS TO TUTICORIN/ BANGALORE/COCHIN AND NEW DELHI WEEKLY CONTAINER SERVICE SIN/CALCUTTA/SIN WITH TRANSHIPMENT TO: ASEAN/AUSTRALIA/FAR EAST/MEDITERRANEAN/EUROPE WEEKLY CONVENTIONAL SERVICE SIN TO CHINA WEEKLY CONVENTIONAL SERVICE MADRAS/COLOMBO/ J BOMBAY/KARACHI WEEKLY
      464 words
    • 500 47 SIN FAR EAST 22/12 KEELUNG/KAOHSIUNG 19/12 BANGKOK 18 12 MANILA, CEBU 19/12 JAKARTA BELAWAN SURABAYA 21/12 PORT KELANG/PENANG/E MALAYSIA 21/12 BUSAN 20/12 TOKYO/YOKO, KOBE/NGO/OSA 21/12 HONG KONG SIN CHINA 21/12 GUANGZHOU/HUANGPU/SHENZHEN F UZHOU XIAMEN SHANTOU DALIAN SHANGHAI/XINGANG TIANJIN/QINGDAO HAIKOU also accepting LCL cargo SIN EUROPE/UK 19/12 LDN/FLX/LVP/SOU 19/12 RDM/HAM ANT/LE
      500 words

  • Page 48 Advertisements
    • 486 48 HONS KON6/CHINA 21/12 JAKARTA 20/12 BANGKOK 19/12 MANILA 20/12 BUSAN 21/12 KEELUNG 22/12 TOKYO/KOBE 19/12 KAOSHIUNG 19/12 PORT KELAN6/PENANG 21/12 YOKOHAMA 19/12 COLOMBO 22/12 FELIXSTOWE/HAMBURG 19/12 CHITTAGONG/MADRAS 22/12 ROTTERDAM/LE HARVE 19/12 BOMBAY/KARACHI 21/12 ANTWERP 19/12 CALCUTTA 22/12 LAX/NYC 20/12 SYDNEY/MELBOURNE 18/12 CMT LINER EXPRESS AGENCIES PTE LTD KHSlllll HOT-LINE *****88
      486 words
    • 451 48 Bonterml CONTERM FREIGHT (F.E.) PTE LTD. AUCKLAND 26TH DECEMBER ACCEPTING TO ALL PORTS IN NEW ZEALAND BANGKOK 20 DEC JAKARTA 20 DEC PENANG 24 DEC PORT KELAWG 24 DEC j, MELBOURNE 18 DEC SYDNEY 18 DEC FREMANTLE 20 DEC BRISBANE 18 DEC HAMBURG 19 DEC FELIXSTOWE 19 DEC GOTHENBURG 19
      451 words
    • 347 48 This Week's Sailings I To: KID Toi ETD Singapore Singapore EVERY EVERY Bangkok WED SL'N Hamburg SAT i every every J ■Manila KRI Ho C hi Minh KRI EVERY EVERY Colombo MON I>os Angeles SL'N Id: Fax: v.>n i tun Singapore 778 6522 *****38 c, Jni)hl 0§ |i Johore 07-*****8
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    • 401 48 Vq-1 CHINESE-POLISH WA JOINT STOCK SHIPPING CO CONTAIHER/BREAKBULK SIN HUATUO V 47 1/1 CASABLANCA CARNIVAL VO7 28/1 ROTTERDAM HAMBURG GDYNM B PRUS V 26 16/12 HUANGPU POKOJ V 29 10/1 DALIAN XWGANG/ SHANGHAI BALTIC FAR EAST SHIPPING PTE LTD 2 MISTRI ROAD #10 00. HMC BUIOWG. S PORE 0207 TEL:
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  • Page 49 Advertisements
    • 1521 49 I im** "NEDLLOYD ROUEN" VOY 2137S CALLS BRISBANE ETA SPORE 6th JAN. ETA BRISBANE 19th JAN 1993 NedllQydUnes FEEDER VESSEL PKG PEN OCEAN VESSEL SIN LEH RTM(I) HAM (2) KtV FLX SOU GOT VESSEL *t PKj "Pen Sr S ba»a Auckland NPl»mouth(A) Tmaru L)tteiton(B) Duredm B) Napier We«nc»on<C) Taurania B
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  • Page 50 Advertisements
    • 304 50 NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA VIGOUR LUZON 7NB 18/12/92 25/12/92 uSiiv VIGOUR LUZON 7ANB 21/12/92 25/12/92 VIGOUR SINGAPORE 43N8 25/12/92 1/1/93 DISCHARGE ONLY VIGOUR SINGAPORE 43ANB 28/12/92 1/1/93 1 PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE PORT KLANG PENANG FILAOS 9230N8 13/12/92 14/12/92 FILAOS
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    • 290 50 COSCO UKC COWVEWnOWAL SERVICE VESSEL PKL PNG P G. LOADING FOR: A VESSEL 28/12 Rotterdam/Antwerp CHINA CONVENTIONAL SERVICE VESSEL PKL PNG P.G. LOADING FOR: A VESSEL 15/12 20/12 Huangpu/Guangzhcxj COSCO FULL CONTAINER SERVICES (FCL/FCL) EXPORT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACM Please reler above mentioned
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    • 103 50 KCTm CONTAINER LINE f\ AUSTRALIA WEEKLY CONSOLIDATION BRISBANE SYDNEY ADELAIDE MELBOURNE FREMANTLE BRISBANE REMANTLEP s J i 4 v-./ (vnuEv Tel: 538 0155 MELBOI RNE OWENS CONTAINER LINE (S) PTE LTD 133 New Bridge Rood #09-06 Chinatown Point S'pore 0105 I'M IF YOU FIND THESE DRAWINGS ATTRACTIVE _p f:| WAIT
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  • Page 50 Miscellaneous
    • 761 50 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 IR 10 16 2 1 24 26 25 22 1 7 1 4 12 1 1 1 3 16 2
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  • Page 51 Advertisements
    • 1123 51 I HYUNDAI I MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESStIS PN»+ PKE+ PCD+ I SIN RTM ANT* LEH* HAM BWtt FEL H INNOVATOR 301W 17/12 18/12 19/12 20/12 8/1 8/1 9/1 9/1 9/1 12/1 Si MARINER 302W 24/12 25/12 26/12 27/12 15/1 15/1 16/1 16/1 16/1 19/1 H EXPLORER
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    • 463 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS HSSU WY K ARC 111 l TMJWC HMRC it SID SID RRKMT VECA 96 ao Kit SID BUB ftlU If II 12 COSMC CRAUERCU 22 20 12 23 12 SOMBAI II 2112 2112 TMJNC PflM 11 2V 12 21
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    • 833 51 EXPORTTO: JEDDAH/UK/CONTINENT ISTOW Id S lON HWJRG ROAM UH Abo Acccpto* Carp For lUDWKSHAFIN UPRESS 05/350 19/12 29/12 t/1 9/1 11/1 13/1 Southanvtor to al UK dnhnaton BtMast aid DuMn MONK ROSA 22/151 24/12 9/1 12/1 10/1 Rotterdam to al Antwerp Aimterdam. Otlo. Htluriu DRESDEN FKPRtSS 01,351 26 12 5/1
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    • 143 51 BINTANG MAS SHIPPING PTE. LTD. 39 NEIL ROAD SINGAPORE 0208 TEL: *****88 TLX: R*****5 SIMMER FAX: *****64 ACCEPTS PORTS Of CARGO STORE OESTWATIOH MERCURY JAW V23E 19-21 DEC 21-22 DEC Muara. Labuan BWTANG BEL AIT V27E 21-22 DEC 22-22 DEC BtrtiAi. Mri. KBeUit HNTANG StRIA V2SE 24-25 DEC 26-26 DEC
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  • Page 52 Advertisements
    • 60 52 Every Saturday in Business Tjmes 1 —i The Executive Housekeeper -this hotel I O vyuv I wants is me. Bub I'll never neglect I 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
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    • 68 52 .-S5-1 Every Saturday in Business Times r iXMUI M.V. "OCEAN RIDES" VOY. 37 Arrived 10th December 1992 Consignee* of all damaged cargoes ex the captioned vessels is hereby notified that a general survey will be held on the 17th December 1992 0900 -1200 hours at PTIO. No further survey will
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