The Business Times, 17 December 1992

Total Pages: 52
1 52 The Business Times
  • 17 1 Business Times THE BUSINESS PAPER EOR S-E ASIA MITA (P) 552/12/92 Thursday, December 17, 1992 75 c
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  • NEWS SUMMARY
    • 63 1 WASHINGTON US housing starts rose 1.5 per cent in November, the highest level in eight months, the US Commerce Department said yesterday, adding to evidence that the economy continues to show some much-needed vigour. The seasonally-adjusted annual rate of new home building
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    • 86 1 KL to push plan to strip rulers v immunity JOHOR BARU Malaysian Prime Minister Mahathir Mohamad yesterday said he would proeeed with a plan to strip hereditary rulers of their immunity from prosecution in a test case in spite of legal obstacles. "Some say we need the consent of the
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    • 27 1 THE struggle for control of Indonesia's second biggest private company has degenerated into a bitter squabble which is affecting investor confidence in Indonesia Page 2
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    • 44 1 SHOP rentals in Singapore fell by 6.5 per cent in the third quarter, the fourth consecutive quarterly drop. The decline pushed the Urt>an Redevelopment Board's shop rental index to 111.1 in the third quarter from 128.1 a year ago Page 3
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    • 43 1 THE slumping oil prices makes little impact on sluggish northern Asian economics and their booming oil-rich neighbours to the south. The impact so far is too small to revise growth forecasts yet, mainly because it is unclear, say economists Page 10
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    • 53 1 THE SIZE of China's economy is grossly underestimated by official statistics, according to a report released yesterday. The report, published by the East Asia Analytical Unit of Australia's Department of Foreign Affairs and Trade, raises questions about how the world should view the country of 1.1 billion
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    • 32 1 PACIFIC International Lines (PIL) could invest up to USS2O million (5532.8 million) in four distripark projects in China as part of its diversification into shipping-related businesses Shipping Times Page 1
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  • MARKET SUMMARY
    • 40 1 WALL STREET opened higher yesterday, boosted by news of a 1.5 per cent increase in US housing starts in November. The Dow Jones index of 30 leading industrial stocks was up 5.93 points at 3,290.29 in early trading.
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    • 41 1 SHARE PRICES were weak in early trading in London yesterday and sentiment was undermined by losses on Wall Street and in Tokyo. The FTSE 100 Index was down by 4.6 points or by 0.2 per cent at 2,713.3 points.
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    • 41 1 JARDINE Mathcson Holdings Ltd plans to play an active role in Singapore's Cycle Carriage Ltd, using its newly acquired stake in the company to gain a scat on CCL's board, said Jardinc finance director Chris Cowan Page 4
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    • 25 1 GROUP net profit at Avimo Singapore rose 17 per cent to $6.4 million for the year ended Sep 30, 1992 Page 4
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    • 32 1 GP Batteries International's interim net earnings rose 9 per cent to 58.16 million from a yucar earlier. Interim turnover jumped 15.1 per cent to 593.61 million Page 4
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    • 28 1 DBS Bank and its subsidiary, NDC Merchant Bank, have won a mandate to arrange a USSIOO million (SSI64 million) loan for Malaysian Airline System Page 8
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 684.28 +3.28 Kuala Lumpur ...632.89 +4.01 Tokyo 17.268.71 -212.03 Hongkong 5.415.96 +100.15 Sydney 1.497.0 -12.6 Tuesda) Change New York 3.284.36 -7.84 London 2.717.9 -3.9
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    • 22 1 Exchange rates USS SS SSI.6390 100 Yen SS 1.3223 MS SS 0.6347 Money market rates Overnight I unch 3-month 2 unch
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    • 36 1 London Gold AM fix US$334.90 +USS0.20 Rubber S'pore Jan 147.50*/kg -0.25 M'siaJan 227.50«/kg +0.50 KL Tin Turnover 46tonncs +5 Spot MS 14.30 /kg -0.05 Crude palm oil Turnover 624 lots -878 Jan MS932 /tonne +4
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  • 428 1  -  From Catherine Ong in HONGKONG FORMER Malaysian banker Lorrain Osman. the man at the centre of the 1982 collapse of Hongkong's Carrian group, was last night charged with 39 offences involving fraud and bribery shortly after landing in Hongkong after losing
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  • 658 1  -  Weakness raises hopes of lower interest rates By SN Vasuki SINGAPORE Kuala Lumpur's foreign exchange markets went through another volatile day yesterday as the Malaysian ringgit continued to lose ground against the greenback and the Singapore dollar. The dramatic fall of the ringgit
    Source: Bloomberg  -  658 words
  • 446 1  -  By Ramesh Divyanathan SINGAPORE Christmas comes early this year for buyers of small cars under 1,000 cc they need pay only $7,000 for January Certificates of Entitlement (COEs). This is more than $12,000 below the $19,000-plus levels of the past two
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  • 463 1  -  But consumer electronics sector expected to contract By Claire Leow SINGAPORE The output of the clcctronics industry this year is cxpectcd to rise 6 per ccnt to rcach $31 billion, bolstered by a strong showing in the disk drive and semiconductor
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  • 122 1 UPI, AFP BEIJING Communist Party leader Jiang Zemin has issued a strong warning that China will use force against Taiwan if the island declares independence or if foreign nations "plot to split China", official media said yesterday. "We firmly oppose any form of two
    UPI,; AFP  -  122 words
  • Page 1 Advertisements
    • 236 1 <p Cassette Receiver C Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone 235 1333 Kuala Lumper Phone 757 0233 Penang Phone *****5/*****4 Jakarta: Phone *****5/380 1472 Ad Marketing 16.17 Interbank Fore* Rates 29 TV Radio Aircraft Schedule 31 Jkt/Bkk/China Stocks 25 Unit Trusts 22 Commodities 30 KLS£ 23
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    • 127 1 RODENSTOCK 1 Supporting industry for PCs expected to thrive: KDB. Pg 3 €*V u l >l 1 v rv T -t\i>nr ii■ ir<. in liti In r.ittM».in*hi|\ »K-^i .tnJ pKi i-i<<n it t tll> iUhii ilu iriiini|-li <>t in.iit M.iri mi|v 'it.intk. it is Ir. -m Nik. N>. pi rti
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  • PAGE 2 NEWS
    • 613 2  -  Marine Parade GRC by-election By Anna Teo SINGAPORE Prime Minister Goh Chok Tong said yesterday there was no certainty that there would be a continuity of his government, or the philosophy and policies he stood for. if the People's
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    • 368 2  -  By Shoeb Kagda SINGAPORE The Workers' Party and the National Solidarity Party yesterday hit out at the Singapore Democratic Party for advocating a two-party political system for Singapore. In separate statements, the two parties also denied rumours circulating in Marine Parade
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    • 256 2  -  By Colin Tan SINGAPORE Work on nine blocks under the Marine Parade demonstration precinct of the HDB upgrading programme will begin in February next year just after the Lunar New Year. This was announced yesterday by the Housing and Development Board
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    • 287 2 SINGAPORE German battery maker Varta Batterie AG and Japanese electronics giant Toshiba Coip yesterday signed a $5 million deal to form a 50-50 joint venture here. The new company, known as Varta Toshiba Singapore (VTS) Pte Ltd. is one of
      287 words
    • 478 2 The tussle for Astra Reuter JAKARTA The struggle for control of Indonesia's second biggest private company has degenerated into a bitter squabble in which the chairman of Astra International is opposing attempts to sell it to a timber tycoon. "This is doing no
      Reuter  -  478 words
    • 432 3  -  London lacks clout to pressure Beijing From Catherine Ong in HONGKONG HONGKONG would have to disassociate itself from Governor Chris Patten's reform proposals if it wants to improve relations with China, says Senior Minister Lee Kuan Yew. In an interview with
      432 words
    • 308 3  -  EDB sectoral briefing By Joseph Rajendran SINGAPORE The supporting industry for personal computers will thrive as it continues to develop new skills to keep up with trends, said the Economic Development Board (EDB) yesterday. At an annual briefing on the electronics sector,
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    • 487 3  -  By Colin Tan SINGAPORE Shop rentals in Singapore fell by 6.5 per cent in the third quarter, the fourth consecutive quarterly drop. The drop brought the Urban Redevelopment Board's shop rental index to 111.1 in the third quarter from 128.1 a year ago.
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    • 106 3 Mita picture SINGAPORE Malaysian Prime Minister Mahathir Mohamad and his wife visited Deputy Prime Minister lax Ilsien lx»ong and Mrs Ix?e at his office in Treasury Building yesterday. A brief statement from BG press secretar> said Dr Mahathir had come
      Mita picture  -  106 words
    • 371 3  -  By Dexter Lee SINGAPORE Steamers Telecommunications Pte Ltd is poised to operate more tc-lecoms-bascd networks in Indochina and the Indian subcontinent even before its current projects in Vietnam and Sri Lanka take off. The fast-growing tclccoms arm of listed Steamers Maritime
      371 words
  • Page 2 Advertisements
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    • 72 2 r (W>\ CHRISTMAS SALEn[m\ ir UP TO 50% OFF Items 19th to 20th Century Chinese classical furniture, screens wall panels, cloisonne lacquer wares, jade ivory carvings, Yi-Shing teapots porcelain I I I wares, silverware semi-precious stone jewelry. II A Dates of Sale: 10/12/92 to 19/12/92 (10am 6pm) ml HI Sunday
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  • Page 3 Advertisements
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  • COMPANY NEWS
    • COMPANY BRIEFS
      • 50 4 SINGAPORE GB Holdings Ltd has received in-principle approval from the Stock Exchange of Singapore to make a bonus issue of 6.8 million new ordinary shares. The bonus shares will be issued on the basis of one new share for every 10 existing shares.
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      • 28 4 SINGAPORE Powermatic Data Systems Ltd has been listed on Singapore's second board. Sesdaq. Trading in the company's 110 million shares will begin on Monday.
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      • 62 4 SINGAPORE Eastern Vetonit Industries Pte Ltd (EV), a member of the Nat Steel Group of companies, has been wound up. The company, which has a paid-up capital of $350,000, was set up to manufacture and trade in wall and ceiling plastering materials. Nat Steel's wholly-owned subsidiary,
        62 words
      • 99 4 KUALA LUMPUR Chemical Industries (Malaya) Sdn Bhd, a subsidiary of Hexza Corporation Bhd, is embarking on a second expansion project by investing MS 1.2 million (*****,000) on additional equipment to produce absolute ethyl alcohol. The company yesterday signed an agreement with Deutsche Carbone of Germany for
        99 words
    • 145 4 Bernama PETALING JAYA Industrial Oxygen Incorporated (IOI) will invest a total of MS2OO million (S$ 127 million) to plant oil palms over 28,800 ha of land in Sabah over the next three years, vice-chairman Lee Shin Cheng said yesterday. He said
      Bernama  -  145 words
    • 484 4  -  HK group wants a say in local firm because of common businesses Reports by Sylvia Wong SINGAPORE Hongkong's most powerful hong. Jardine Matheson Holdings Ltd, will play an active role in Singapore's Cycle Carriage Ltd. using its newly acquired stake in the
      484 words
    • 374 4  -  By Quak Hiang Whai SINGAPORE Listed Avimo Singapore Ltd yesterday reported a 17-per-cent jump in group net profit to $6.4 million for the year ended Sep 30, 1992, despite the expiry of its pioneer status in Singapore. Avimo said
      374 words
    • 287 4 SINGAPORE Jardine Matheson Holding Ltd's purchase of 33.7 million Cycle Carriage Ltd (CCL) shares at 56.30 apiece through a subsidiary was a one-off transaction and it will not be buying any more of the Kuwait Investment Office's assets. The KIO has also
      287 words
    • 245 4  -  By Joseph Rajendran SINGAPORE GP Batteries International yesterday said interim net earnings rose 9 per cent to $8.16 million and interim turnover jumped 15.1 per cent to $93.61 million from a year earlier, despite a slowdown in many of the company's markets.
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    • 292 4  -  By Juliette Walker SINGAPORE Sembawang Shipyard Ltd's financial advisers have termed the $111.4 million offer for a majority stake in Jurong Shipyard Ltd as "fair and reasonable". In a proxy form, issued yesterday, OCBC Bank advised the independent directors of Sembawang Shipyard that
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    • 825 4  -  THE HOCK LOCK SIEW COLUMN Bv Genevieve Cua SINGAPORE Investors who picked up food stocks earlier this year, taking to heart the adage that the shares are recession-proof, would have seen their holdings rise substantially in value by now. Over the last 12 months,
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    • 493 6 Reuter HONGKONG Hongkong's recent stock market plunge will be no stumbling block to nine Chinese enterprises vying to become the first mainland companies to list in the colony, Stock Exchange chairman Charles Lee said yesterday. "The current Sino-British row has
      Reuter  -  493 words
    • 350 6  -  From Al Labita in MANILA NEW listings, government's policy reforms and oil drillings are expected to fuel a stock market rally in Manila next year, analysts said. "The prevailing business optimism is largely anchored on the bright prospects of 1993," said Pryce Securities
      350 words
    • 254 6 Reuter TAIPEI Taiwan will resume its ambitious programme to privatise state companies by selling a 60 per cent stake in BES Engineering Corp, one of the island's biggest construction firms, officials said yesterday. BES chairman Regis Chen yesterday announced an offer of 198 million shares
      Reuter  -  254 words
    • COMPANY BRIEFS
      • 51 6 SEOUL South Korea's Daewoo Coip has signed a contract to build two 45-storey buildings in Kuala Lumpur as part of Malaysia's largest-ever building project, a Daewoo spokesman said. The buildings will include transportation terminals, offices and a hotel. The project will cost US$2BO million, the spokesman
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      • 90 6 TOKYO Mitsubishi Electric Corp has developed an elevator that moves 750 m a minute, the fastest in Japan, company officials said this week. Three of the newly-developed elevators are to be installed in the Landmark Tower Yokohama, which is scheduled to open in Yokohama, near Tokyo, in
        90 words
      • 73 6 HONGKONG Planners of China's Three Gorges hydroelectric development are considering floating shares in the US$7.2 billion (Ssl 1.8 billion) mega-project on the Shenzhen and Shanghai stock exchanges, the South China Morning Post reported. The Three Gorges Development Corp would raise part of the funding for
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      • 43 6 HONGKONG Miramar Hotel Investment Co said its net profit rose to HKS26.B million (Sss. 67 million) in the six months to Sep 30, from HK523.6 million in the year-earlier period. The figures are after-tax and payments to minority interests.
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    • 427 7 Coalition of groups launches drive to clean up corporate America Reuter NEW YORK A consortium of environmental and social action groups has launched a campaign to clean up corporate America, naming eight companies as the dirtiest in their industries. The coalition, led by
      Reuter  -  427 words
    • 192 7 Bloomberg MADRID Grupo Torras, the collapsed Spanish holding company which is whollyowned by the Kuwait Investment Office, owes KIO 185.77 billion pesetas (552.72 billion), said a spokesman for the stock market regulator, CNMV (Comision Nacional del Mercado de Valores). KIO is Grupo Torras'
      Bloomberg  -  192 words
    • 184 7 Bloomberg PARIS A streamlined hotel structure and a modest pick-up in the US economy should allow Accor SA, Europe's largest hotel group, to boost profit by 15 per cent in 1993 following a predicted drop of 16 per cent for 1992, Accor co-chairman Gerard
      Bloomberg  -  184 words
    • COMPANY BRIEFS
      • 85 7 LONDON Tomkins pic said its bid for Ranks Hovis McDougall pic is "unconditional in all respects". In a statement, Tomkins said cheques for the common share offer "are expected to be despatched on or before Jan 5, 1993". The second instalment of the
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      • 68 7 FRANKFURT The number of west German companies ceasing business becat.se they cannot afford to pay their creditors has increased for the first time in seven years, financial consultants and analysts Creditreform said. Creditreform said corporate insolvencies are likely to climb 12 per cent to 9,500 for
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      • 91 7 NEW YORK In one of the year's hottest new stock offerings. Wall Street investors helped themselves on Tuesday to an initial public ottering of 4.4 million shares of Snapple Holding Corp. a leader in selling New Age beverages. In the process, Snapple's stock soared, at one
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      • 61 7 PHOENIX The Cinle K Corp said it turned in a secondquarter loss because of increased interest and debt expenses and reorganisation costs associated with the company's Chapter 11 proceedings. The company posted a loss of US$2.5 million (Ss4.l million), compared with a profit of US$3.7
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      • 79 7 NEW YORK One quarter it's the apparel business; this quarter it's baby food. 'Gerber (Products Co) is a company that's fast developing a consistent record of reporting disappointing earnings," said Donaldson Lufkin Jenrette Securities analyst William Lea;h. Gerber said on Tuesday that fiscal third-quarter earnings will be
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • Page 6 Advertisements
    • 293 6 9 I JIM /here in \f \l 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
      293 words
    • 214 6 Registrations of Interest are invited from Prime Contractors wishing to respond to a Request for Information document (currently being compiled) for the detailed design, development and implementation of a National Document and Information (NDIN) system. The NDIN will integrate many forms of data including full-text, index, bibliographic and image data,
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  • Page 7 Advertisements
    • 437 7 "Developing and Financing Power Stations in Asia The Way Forward" 28 29 January 1993 Westin Stamford Hotel. Singapore Why Should You Attend? Demand for energy in Asia is growing at a phenominal rate. The region is expected to account for over half the increase in world energy consumption over the
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    • 20 7 The art of writing. MONT° BLANC fl A m B IV I Rf KB fuy IV fi'm SlMlm nr//i Ziiit
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 72 8 WASHINGTON The Federal Deposit Insuranee Corp said it expects to spend about US$3 billion (554.9 billion) next year on failed banks. The FDIC made the projection when it released its 1993 budget for supervision, regulation and deposit insurance. The agency's liquidation expense
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      • 87 8 BANGKOK Thailand's M Thai group, which has a commercial bank in China, has received the green light from Beijing to operate insurance, life insurance and financing businesses there, it was reported here yesterday. Managing director Chatrachai Virametheekul told the Bangkok Post that permission had
        87 words
      • 86 8 PARIS French insurers are calling on the government for tax breaks to help them through the property crisis, less than a week after banks appealed for state assistance over bad property loans. The request comes from the Federation Francaise des Societes d'Assurance (FFSA), which estimates its
        86 words
      • 45 8 TOKYO Mitsubishi Bank Ltd said its Indonesian subsidiary, Mitsubishi Buana Bank PT, will open a branch in Surabaya, Indonesia's second biggest city, tomorrow. Mitsubishi Bank holds an 85 per cent stake in the Indonesian unit, and Buana Bank PT the remainder.
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      • 93 8 TOKYO Japan's 64 regional banks posted an average 16.75 per cent year-on-year drop in net profit for the six months to Sep 30 to an aggregate 169.2 billion yen (552.2 billion), the Regional Banks Association of Japan said yesterday. The banks also recorded an average
        93 words
      • 87 8 NEW YORK Elizabeth Sobol, a managing director at Kidder, Peabody Co until she resigned 16 months ago, filed claims last week to collect US$5 million (SsB.2 million) from her former employer because, she says, it discriminated against her on the basis of age and sex,
        87 words
    • 354 8  -  Funds to come from banks based in Labuan By Quak Hiang Whai SINGAPORE DBS Bank and its subsidiary NDC Merchant Bank have won a mandate to arrange a US$lOO million (Ssl64 million) corporate loan for Malaysian Airline System (MAS). Bank Bumiputra Malaysia
      354 words
    • 201 8 SINGAPORE Swift, the Brussels-based Society for Worldwide Interbank Financial Telecommunication, has announced a record rebate of US$47 million (Ss77 million) for its members this year. It also said it cut message charges. Swift is a non-profit cooperative providing interbank telecommunication facilities to its members. It
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    • 210 8 Reuter HONGKONG Newspaper reports that analysts fear HSBC Holdings may need to make new debt provisions against a feared HK$2 billion (***** million) exposure to British liquid and solid fuels company Anglo United shaved 50 HK cents off the HSBC share price, brokers said
      Reuter  -  210 words
    • 329 8  -  By Paul Leo SINGAPORE British American Life Assurance Company Pte Ltd announced yesterday that it will introduce a single-premium product in January 1993. The announcement came after Prudential Assurance Company and Keppel Insurance withdrew their single-premi-um insurance products. British American is a member of
      329 words
    • 542 8 Reuter WELLINGTON New Zetland's central Reserve Baik governor Don Brash yeserday signed up for five more years of inflation fighting despite advice from friends to quit while he was ahtad. The appointment carae amid one of the few challenges to his fight against inflation. *1
      Reuter  -  542 words
  • Page 8 Advertisements
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    • 91 8 This announcement appears as a matter of record only <2> SALINDO PERDANA FINANCE US$lB,OOO,OOO STANDBY LETTER OF CREDIT AND LOAN FACILITY Arranger and Agent Standard Chartered Standard Chartered Merchant Bank Asia Limited Standby Letter of Credit Banks Westdeutsche Landesbank Gironzentrale Internationale Nederlanden Bank N.V. Singapore Branch Banque Nationale De Paris,
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  • Page 9 Advertisements
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  • THE REGION
    • 501 10 Reuter SINGAPORE Slumping oil prices are having little impact on either sluggish northern Asian economies or their booming oil-rich neighbours to the south, economists said. Pressured by high Opec production and fears of another mild northern winter, world oil prices have
      Reuter  -  501 words
    • 299 10 Reuter HANOI American companies, given a green light by Washington to set up officcs in Vietnam, will now try to catch up with competing foreign firms who arrived years ago to explore one of Asia's last business frontiers. American
      Reuter  -  299 words
    • 261 10 Reuter MAUMERE, Indonesia Rescucrs who eneountered horrific scenes of death and destruction on one east Indonesian island were searching other tiny islands yesterday as the confirmed death toll from last Saturday's earthquake reached 2.200. Other teams were feeding the survivors while aid
      Reuter  -  261 words
    • 312 10 FT JAKARTA Negotiations have stalled between the Indonesian government and Mission Energy of the US o\er a USS2 billion (553.3 billion) power project, jeopardising government plans to attract private sector investment into the national grid, industry officials say. In May. the government asked Mission
      FT  -  312 words
    • NOTE BOOK
      • 68 10 KUALA LUMPUR Malaysia has told Vietnam that individual ownership of land is necessary if Kuala Lumpur is to help in developing property. The Star yesterday quoted Deputy Prime Minister Abdul Ghafar Baba as saying that Malaysia could not open up palm oil or rubber plantations
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      • 73 10 HANOI Shoemakers in revolt at a Taiwan-backed factory in Ho Chi Minh City have marked the first time Vietnam's media has reported a strike at a foreign-backed joint venture. Seventeen workers at a Luitech-Lesgo plant downed tools for a week on Dec 7 after clashes
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      • 71 10 MANILA The Philippine trade deficit widened to U553.92 billion (556.4 billion) in the first 10 months of the year, up 46 per cent over the same period last year, the National Statistics Office said yesterday. The deficit increased as imports grew at a faster rate of
        71 words
      • 103 10 MANILA A brother-in-law of former president Corazon Aquino yesterday denied receiving money from Japanese businessmen in exchange for approval of the sale of govern-ment-owned land in Tokyo. On Tuesday, lawyer Lupino Lazaro told the congressional Commission on Appointments that his Japanese clients gave 50 million
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  • Page 10 Advertisements
    • 902 10 GPll I GP BATTERIES INTERNATIONAL LIMITED I (Incorporated in the Republic of Singapore) I ANNOUNCEMENT OF UNAUDITED INTERIM RESULTS DIVIDEND I FOR THE SIX MONTHS ENDED 30 SEPTEMBER 1992 I The Board of Directors of GP Batteries International Limited is pleased to announce the unaudited interim results of the Group
      902 words
    • 501 10 Editorial: End the Met embargo, Pg 12 US agcncies eyeing Vietnam. Pg 16 SINGAPORE INSTITUTE OF MANAGEMENT To survive and succeed in a competitive environment, service organisations need to adopt the latest marketing and sales analysis that is action-oriented. This seminar will help principals, partners, managers, key marketing and sales
      501 words

  • THE WORLD
    • 396 11 Reuter BEIJINC. The size of C hina's economy is grossly underestimated by official statistics, according to a report released yesterday, raising questions about how the world should view the country of 1.1 billion people. "The official data seriously underestimate China's GDP (gross domestic product) by
      Reuter  -  396 words
    • 219 11 (AP) MOSCOW The last time a Kremlin leader went to China, he arrived in the midst of student protests on Tiananmen Square. As Boris Yeltsin left for Beijing yesterday. he also left the political furore at home. The trip is partly an
      (AP)  -  219 words
    • 388 11 US economic conference NYT LITTLE ROCK, Arkansas The way many executives here see it, US Presidentelect Bill Clinton was inviting them on a blind date. The business leaders at Mr Clinton's economic conference did not fall head over heels in love, but many came away
      NYT  -  388 words
    • 307 11 NYT LITTLE ROCK. Arkansas Watching US President-elect Bill Clinton moderate the first nationally televised economics talk show. Larry King sounded both envious and a little proprietary. "Bill Clinton is a natural." Mr King said. "He's just got to learn to move through the call-ins faster.
      NYT  -  307 words
    • WORLD WATCH
      • 66 11 BRUSSELS EC environment ministers agreed to bring forward the dates bv which the Community ends the use of chlorofluorocarbons (CFCs) and other chemicals which deplete the ozone layer. They were also moving closer to agreeing on common rules for endorsing company
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      • Article, Illustration
        48 11 BEIJING US Commerce Secretary Barbara Franklin, aided by Russel Mabrey. executive director of Beijing Jeep Co. sitting in an old-style army jeep at the Sino-US joint venture's factory here yesterday. Ms Franklin's visit is seen as a return to high-level exchanges between China and the US.
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      • 67 11 BEIJING China has kept urban unemployment steady at about 2.3 per cent in 1992, but the challenge is getting tougher as millions of new job-hunters llood the market each year. Labour Minister Ruan Chongwu said. Mr Ruan said Beijing's new policy of faster economic reform would force
        67 words
      • 46 11 WASHINGTON Congressional investigators have asked for an interview with White House Chief of Staff James Baker and his top aides to try to determine if he authorised or approved the search of BUI Clinton's passport files during the presidential election campaign.
        46 words
      • 52 11 TOKYO Japanese Prime Minister Kiichi Miyazawa is planning to visit South Korea in late February for the inauguration of the next president, reports said yesterday. Tokyo Shimbun said Mr Miyazawa would either make a one-day trip on Feb 24. or remain in South Korea until
        52 words
      • 51 11 LONDON Turkey topped the list of unpaid parking fines incurred by foreign diplomats in London in the first six months of this year. Foreign Office Minister Mark LennoxBoy d said on Tuesday. Turkish diplomats had 141 unpaid parking fines. In second place was Saudi Arabia with
        51 words
  • Page 11 Advertisements
    • 180 11 THE GREAT CITIBANK MULBERRY OFFER. PICK YOUR INVESTMENTS. PICK YOUR GIFTS. •Depending on currency invested in Returns are subject to currency and interest rate fluctuations 'Depending on amount of deposit *Ciuaranteed rate Subject lo minimum age criteria It's back again. But this year it's bigger and better than ever. We've
      180 words

  • 490 12 EDITORIAL AMERICA'S economic embargo on Vietnam has been a double-edged sword while punishing the Vietnamese it has also hurt the interests of US businessmen who are now stepping gingerly into the country which claimed 70.000 American lives. Although President George Bush this week allowed US firms
    490 words
  • WHAT THE OTHERS SAY
    • 275 12 PRESIDENT-ELECT Bill Clinton, who assumes office on Jan 20, hinted during the election campaign that he would withdraw the Most Favoured Nation (MEN) status granted to China if it did not improve its human rights record. Later. Mr Clinton spoke of not isolating China but. in
      275 words
    • 113 12 THE GOVERNMENT'S PLANS to refurbish old schools and to develop new schools are in line with Vision 1999. Modern schools are only a physical manifestation of quality education. Singapore's only asset is its people. The better educated they are. the more equipped they will be in
      113 words
    • 103 12 CHINA MAS PLEDGED that Hongkong will not change for 50 years after 1997. Yet. it will become very difficult for Hongkong to avoid certain changes in its execution of existing laws later on and in maintaining relations with Britain and other Commonwealth countries. This is why
      103 words
  • REGIONAL VIEWPOINTS
    • 146 12 THE HELMET LAW goes into effect in Bangkok Metropolis today. But police will merely warn violators to wear helmets for now. The 45-day grace period is apparently intended to give motorcyclists more time to acquire helmets. The authorities also need the extra time to amend the law
      146 words
    • 216 12 AN ELEMENT which is puzzling us. hut which has never been commented on by analysts, is what we call the Sumitro Djojohadikusumo factor. When this highly respected economist and business consultant took over Astra's chairmanship in August he proclaimed that "I will see to it that
      216 words
    • 148 12 lE. AS EXPECTED, the Executive Council today approves a temporary licence for Wharf Cable to provide a pay-television service, it will show the government's commitment to go ahead with the cable project despite the climate of political uncertainty hanging over Hongkong's business community at present. But
      148 words
  • 982 12  -  Vice-President-elect A 1 Gore is predictably preparing the ground for his moves on the environment, reports Nirmal Ghosh Nirmal Ghosh AT LAST, a boy who learned the basics of ecology on his parents' farm, a man who lost a presidential election in 1987. and
    982 words
  • Page 12 Advertisements
    • 273 12 CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO CO FINANCIAL HIGHLIGHTS ARAB-MALAYSIAN FINANCE BERHAD p? (A Subsidiary of AMMB Holdings Berhad) ar [co or Half Year Ended 30th September, 1992 o> co Audited Results co CD
      273 words
  • Page 12 Miscellaneous
    • 26 12 DOONESBURY GARRY TRUDEAU W'TTtIATGPSATI TCAH- OACXGfiDUNP mi WAS SOR3I Btfio NOT#' IhtU- I'LC CHECK! MB, JOAN!S tSm. CfiUCU6 i THEM I OPEN ftT/POGR COH&W- flWtiflHON. 7W£
      26 words

  • ANALYSIS
    • 1892 13  -  James Sterngold assesses the changed times and the electorate's mood as South Korea goes to the polls tomorrow, while Kim Myong-hwan examines the contradictory campaign promises being made by the presidential candidates James Sterngold Kim Myong-hwan NYT ON A recent chilly afternoon
      NYT  -  1,892 words
    • 727 13 Reuter SOUTH Korea's presidential hopefuls are targeting the wallets of the public in a country where the economy rather than democracy is the most burning campaign issue. But economists query the common sense of the generous electioneering pledges which the three main candidates hope will
      Reuter  -  727 words
  • Page 13 Advertisements
    • 39 13 H^fl H..uti.|ii. IMIJ lit I'alai. T.-I: 7HYVM. I „rn.r« <,al.n.. I .ifax.ll. i.m llaw-l.x It S. »»i. < nir.- #21-07 On-hard Ti.». r«. >mpa|>..r.' it'»2.l Trl; 7.U***** 12 lm. «i \lm. atailaMr al trailing <lr|iarliii< nl «l..rr» an.l authorial .1.-al.-r*
      39 words

  • CORPORATE FOCUS
    • 972 14  -  Big Blue's massive cutback will have a major impact not only on the company but on the way the US computer industry operates as well, writes John Markoff John Markoff NYT The big cutback that IBM announced on Tuesday has underscored what some of
      NYT  -  972 words
    • 546 14  -  It was a sad Tuesday for IBM stock, says Kurt Eichenwald Kurt Eichenwald NYT HOW LOW will it go? That's the question that w as being asked on Tuesday on Wall Street about the stock of International Business Machines Corp. which plunged to a 10-year
      NYT  -  546 words
  • Page 14 Advertisements
    • 196 14 I < a i The legendary performance of Jaguar is now in the new 4.0 litre Sovereign. Near silent engine power, smoothly conveyed by an electronically controlled four-speed automatic transmission, is a clear reminder of its race-bred heritage. Complete with electronic cruise control and a low-loss catalyst exhaust system. And
      196 words

  • SPORTS
    • 680 15 AP LONDON Lennox Lewis wants to pick a fight with someone. Riddick Bowe. after picking a fight with the World Boxing Council and losing is contemplating his next opponent. Lewis, declared the WBC heavyweight champion after Bowe tossed the organisation's title belt into a rubbish
      AP  -  680 words
    • 251 15 AP DEL MAR, California Twelve Southern California youths are leading to the beach the beach in Vietnam, that is. In what is being touted as a diplomatic mission, 12 American boys armed with translators and surfboards will teach youngsters chosen by the Vietnamese Ministry of
      AP  -  251 words
    • 368 15 Reuter NEW YORK In recognition of a life-time of excellence both on the court and off, former tennis star Arthur Ashe was honoured on Tuesday as Sports Illustrated s Sportsman of the Year. "It was not just for this year, but for his career," Mark
      Reuter  -  368 words
    • 81 15 AFP LAUSANNE Golf overcame the first hurdle towards a place at the Atlanta Games in 1996 at the International Olympic Committee headquarters here on Tuesday. The lOC programme commission gave a favourable response to the Atlanta organisers' request for the sport to be included. But it
      AFP  -  81 words
    • SIDE LINES
      • 122 15 The champion as decided by the computer LONDON A computer instead of a three-man jury of former players was to choose yesterday the International lennis Federation 1992 world champion for the first time. The jury of top players has always been used since the world title award was started in
        122 words
      • 84 15 ROME Hockey player Jimmy Boni. already facing involuntary manslaughter charges in the death of an opposing player, has been suspended for two years, his team said on Tuesday. Videotapes of a match last January show that during a scuffle Boni hit opposing player Miran Schrott in the chest
        84 words
      • 60 15 NEW YORK Charles Barkley of the Phoenix Suns, named the NBA Player of the Week on Monday, was fined US$5,OOO on Tuesday by the league for making "derogatory' comments" about the officiating. The NBA said Barkley's comments came after the Suns' 105-100 victory over the New Jersey Nets
        60 words
      • 68 15 CARACAS. Venezuela An awards ceremony on Tuesday for welterweight boxing champion Cristanto Espana was cancelled after his victor's belt was stolen at gunpoint from a boxing official. Also stolen were the prize belt for the winner of the WBA flyweight title match on Tuesday between Aquiles
        68 words
  • Page 15 Advertisements
    • 354 15 REAL OPPORTUNITIES IN REAL ESTATE WORLDWIDE. Bringing you EXPERTS RESEARCH FINDINGS THEORY PRACTICE FORECASTS INDUSTRY KNOW-HOW CONTACTS PARTNERS DEALS ADVICE AN OPPORTUNITY NOT TO BE MISSED For the 4th year running, Cannes will be I\TTTTT-TTEM^M hosting the International Property Market, Turkey: a fully developing country. known as MIPIM, from 13
      354 words
    • 529 15 Canadian International School (Singapore) Attention 'O' Level Grads Canadian International School can offer immediate placement into the ten-month pre-university grade 13 program. Students who successfully complete the course of study will be eligible for university entrance in February 1994. The Ontario Secondary School Diploma is issued by the Ministry of
      529 words

  • ADVERTISING & MARKETING
    • 670 16  -  With the US looking set to ease its trade embargo with Vietnam. Hanoi has suddenly become the place to be for many American ad firms. Adam Bryant reports Adam Bryant NYT GOOD morning, Vietnam. That may best sum up the optimism this week at many worldwide
      NYT  -  670 words
    • 424 16 Asahi News Service THE efforts of Tokyo junior high school students. who raised and donated funds to build a school in a rural village in Nepal, will be publicised by the Japan Advertising Council as part of its campaign to promote international understanding.
      Asahi News Service  -  424 words
    • 202 16 ASIA PR Media Sdn Bhd, already present in Cambodia, is finalising a joint venture with the Vietnam Information Ministry to take over the running of a newspaper. This move will see the Malaysia-based company further penetrating the Indochina region, as it already manages
      202 words
    • 320 16  -  Michael Connor reports on the UK TV station's prospects Michael Connor Reuter CENTRAL Independent Television pic continues to take share from rivals in the sluggish UK advertising market and the company's secondhalf advertising revenues will show a healthy rise, says chairman Leslie Hill. "There might
      Reuter  -  320 words
    • 500 17 IHT FOR German news junkies used to deprivation, 1993 will 6e the year of the overdose. Three new television stations, two focusing on hard news and one feature-oriented, as well as a weekly news magazine, will be taking aim at what is considered one of the last promising
      IHT  -  500 words
    • 452 17 NYT A HANDFUL of consumer, environmental and health advocacy groups gather in Washington every December for what has become a familiar ritual: Doling out their so-called Harlan Page Hubbard Lemon Awards for the advertisements they consider the most deceptive and
      NYT  -  452 words
    • COPY LINES
      • 99 17 NEW YORK The chief executive at J Walter Thomson's London office is stepping into a newly-created job at JWT in New York next month, signalling the start of a long-anticipat-ed transition in the agency's top management. The shifts are widely viewed as chairman-CEO
        99 words
      • 69 17 NEW YORK Omnicom Group is expanding its non-ad- I vertising resources with the acquisition of US Communications Co through its Diversified Agency Services unit Rapp j Collins Marcoa. USCC has offices in Minneapolis, Dallas, Chicago and San Jose, and ranks number 11th among US sales promotion
        69 words
      • 96 17 NEW YORK Hill Knowlton has consolidated its American and Canadian operations under David MacNaughton, 43, who moves to the new post of chairman-CEO, H&K North America, from the same title at H&K Canada. He adds duties previously handled by US president-chief operating I officer Ron Hartwig, 48,
        96 words
      • 40 17 NEW YORK Beer ad spending in the US jumped 13.9 per cent to U*****.2 million, figures complied by Impact Databank showed. The surge propelled overall alcoholic beverage marketers' measured media spending to US$l.l billion.
        40 words
  • Page 16 Advertisements
    • 234 16 Double Your Pleasure 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> j Twin<Ms) Tripie<Ms> Package. Executive Suite This
      234 words
    • 70 16 iMfe. .J Ik "*J^B a EwtekfA B |^B m r H CMM v Mtafew M wßr M iB a This season, with every purchase of $200 and above, you'll be entitled to purchase these exclusive Aquascuturn's accessories at special prices. While stocks last. TOAQUASCUTUMITD mauascutum X OF LONDON Shop: Raffles,
      70 words

  • Page 17 Advertisements
    • 338 17 k (The Derby Pu?) < We're One. L On 18th Dec, we'll be one. And we're going to have a big bash that will make all < other parties look mild. A party iKJrf; > < that promises loads of fun, food V < i n 1 JT BUSINESS HOURS
      338 words

  • Page 18 Advertisements
    • 639 18 Nothing Beats A Bud. OF Winter japigjifr Solstice Epßlp> Festival I WJrom the master chefs of Ding B T M Shan Restaurant in Jiangsu 1 uH fll r t W Province China, come sample 10 I 1 l IHi varieties of sweet and savoury winter I I (111 dumplings "Tang
      639 words
    • 347 18 WHERE TO WINE, DINE A Golden Christmas at Plaza Hotel I C/insimas Eve Drink to the festivities with other revellers and enjoy free finger k food in our mini buffet spread rS while partying with our resident band. i j I Charge: $40 nett (3 drinks) $15 nett 1 drink)
      347 words
    • 361 18 Guess who's harder ifmSanfi this Chrisimas? Sfc. HUH We serve the world to you at Top of thf/d a v '/%ar><far</> f ftrwi w<-r< It lit inMaa i catrrm "t »il Orchard Ko«d Smfwort 0»>1 Td *****11 I Excelsior's Festive Treats f l CAFE EXCELSIOR CAFE EXCELSIOR Set Dinner Dance
      361 words
  • Page 18 Miscellaneous
    • 623 18 TELEVISION AND RADIO T-T cirri tn Vill ***** t* ssucftr business on radio M L IV MM M 7.25 PM Opening followed hy Jap have made it big (Stereo). 6.30 Reasons Behind Quranic Reve- ggQ gg 0 j fl y||p g am pan Business Today. 900 News at Nine. lation.
      623 words

  • LIFESTYLE
    • Article, Illustration
      978 19  -  Caryn James compares two new films that play on the tough-on-the-outside-soft-on-the-inside image Caryn James NYT look like a bodyguard," Whitney Houston tells Kevin Costner when they meet in their new hit movie, giving the first hint that this film is seriously out of touch with reality.
      NYT  -  978 words
    • 269 19 Lan Fleming's notes sold in aid of London Library AFP FROM Russians to weapons, from gambling to women, and from wealth to health the secrets of the world's most famous secret agent, James Bond 007, were auctioned in London on Tuesday for £14.300 (5536,645). But
      AFP  -  269 words
    • 591 19 CHATTERBOX WOODY ALLEN, in court lor the first time in his custody battle with former lover Mia Farrow, won the right on Tuesday to see a videotape in which his adopted daughter allegedly says she was sexually abused by him. Allen was also
      591 words
  • Page 19 Advertisements
    • 214 19 AND ENTERTAIN A Pasta Parade i 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++ For reservation*, picas* call CIMTA^kOC 732-1222 extension 1700 3ll\K_>ArL>Kt rn urn KHS MO06)
      214 words
    • 186 19 A Special Christmas J 6l0 50 Colourful Sport AM/FM Radio $10 Shopping List Of Alarm Clock AM/FM Radio $15 MPVPr Tn Rp Sunny AM/FM Radio $12 IXCVCI ICJ DC Walkman Speakers $7 A Radio Cassette Detachable Kepedica Again Speakers With Alarm Clock $32 Prices" Just For You AC/DC Shaver Rechargeable
      186 words
    • 133 19 Discover the season's most exotic festive fare at Spice Express. For a festive feast unlike any other, dine on buffet offerings which feature tandoori turkey and a wonderful array of authentic Asian specialties. Festive Countdown Buffet Lunch Tandoori turkey, prawn masala, cray fish in chilli sauce and sambal ikan are
      133 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3912 20  -  By Moiz Tyebally SHARE PRICES ended higher in active trading yesterday with strong gains seen in several index-linked and blue-chip counters. A dealer said the market was oversold and investors were coming back in anticipation of the traditional new year rally.
      3,912 words
    • Article, Illustration
      78 20 Paul Leo OVERSEAS Union Knterprises Ltd is currently resting on support at $6.65. Buy now for a move up to $7.05. Daily and weekly RSIs are neutral. However, daily and weekly stochastics are approaching zero, indicating it is oversold. The weekly chart shows that a break above $7.05 would
      Paul Leo; SOURCE: BRIDGE INFO  -  78 words
  • Page 20 Advertisements
    • 54 20 CALL MILANO'S HOT DELIVERY HOTLINE NOW! j 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 g 53.00 surcharge for delivery after 11.00 pm. tfILANO Wmmmmmmmmmmmmm
      54 words

  • 3211 21 Scnih Ship\ard 810 tKI 8% t MB Asia 700 t 25 7 Sl |U0 t 2(1 f I 5% MX foreign 1670 t 20 I ?S, VHS liX, if, 8.9% Jurong Ship 50c 7>0 15 2.t>% C&C Wt l>2 12 t i.n 650 +10 'I
    3,211 words
  • Page 21 Advertisements
    • 40 21 -3H overlO million establishments, MasterCard puts wV. j i CTJ g*i"- the whole world in your hands. And it gives you easy access to cash at 300/000 bank branches and ATMs worldwide. YOU'VE GOT THE WHOLE WORLD IN YOUR HANDS
      40 words

  • 3444 22 MISC" Foreign 4S2 +16 +3.7% M Banking 645 +15 +2.4% Uniphoenix 172 +15 +9.6% H Leong Credit 412 +14 +3.5% Anial Steel 50c 173 +7 4.2% M Resources 133 +7 15.6% Pub Bk Foreign 152 +7 +4 8% MMC 10c 138 +6 +4.5% Sateras Res
    3,444 words
  • Page 22 Advertisements
    • 473 22 BUSINESS TIMES Toll free Tel No 737 0Q43 Fax No: 734 3698 IN THE MATTER OF THE COMPANIES ACT, CAP. M AND IN THE MATTER OF U AH HENU TEAK WOOD (PTE)LTD (IN MEMBERS' VOLUNTARY LK)< IDATION) NOTICE IS HEREBY GIVEN pursuant to Section 308(2) of the Companies Act. Cap.
      473 words
    • 102 22 NOTICE NOTICE IS HEREBY GIVEN that I. MR GOH SENG MENG have applied to the Hotels Licensing Board. Singapore, for a Certificate of Registration in respect of premises known as GOH'S HOMESTAY at 169 D Bencoolen Street Singapore 0718. and that any person who knows any reason why a Certificate
      102 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 5616 23 Bernama INVESTORS went for early profits to lead share priees here to a steadier elose but off the day's highs. The KLSE Composite Index at the close added 4.01 points to 632.89. The Industrial Index ended 3.93 points higher at 1.072.49 and the All-Shares
      Bernama  -  5,616 words

  • BT SHARE INFORMATION SERVICE
    • 439 24 Company Date Year Group Net Net earnings Gross ann to profit/ loss per share dividend (000) (cents) Wing Tai Dec 4 Jun 92 $*****($9.726> 68(5 7) 16(16) Kemayan Dec 2 May 92 M$23,461L($73) 3(15) AISB Dec 1 Jun 92 M$334(M$11.495) 033(11 2) 5(12) Amal Steel Dec 1 Jun
      439 words
    • 376 24 Company Date Half-year Group Net Interim ann to profit/loss dividend ('000) Kim Eng Dec 1 Sep 92 $7.368<J3.694) M Credit Dec 1 Sep 92 S2.042L($6,249) l(-) GB Htdgs Nov 30 Sep 92 $1,825(11.108) 2 5TE(25)TE Metro Hldgs Nov 27 Sep 92 $3,661(11.938) PMRI Nov 27 Sep 92 M$1.257($4,868)
      376 words
    • 776 24 Current Ex Books Date Total for Total for payment date close payable the year last year MSB 5%(b) Jan 8 Jan 22 Jan 29 51 121 Am* Steel 50c I21(fe) Nov 19 Dec 3 Jan 2 12*. Amtek tnf 20c 61TE Dec 4 Dei 10 Dec 30 121IE
      776 words
    • 491 24 Q ec Chuan Hup Holdings has sold its wholly-owned subsidiary, Oilrig Lines Pte Ltd, for $50,000. Dec 9 DBS Bank will join forces with Hongkong-based merchant bank Prudential Asia in a corporate finance tie-up. Dec 8 SIA Engineering officially opened its second engine overhaul workshop to tap an
      491 words
    • 386 24 Company Rights Issue Alance Tech Three for five <a $100 per share Ex date Dec 10 Bks Close Dec 22 Acceptance and Payment NYA Guthrie GTS Oneforone <a SO 23 per share Ex date Nov 26 Books Close Dec 8 Acceptance Payment Jan 18 kron{ Ent One tor
      386 words
    • 76 24 Conversion Special Irdg Scripless Conversion deadline Period Trading Companv starts (IDF) (ST) starts Alliance lech Jan 13 Feb 3 Jan 22 Feb 3 Feb 4 Guthrie G I5 Jan 5 Jan 26 Jan 13 Jan 26 Jan 27 SIA Dec 4 Dec 31 Dec 18 Dec 31 Jan
      76 words
    • 99 24 Cold Storage Hokfngs Ltd: AGM at Mandarin Court A, Level 4. The Mandarin Hotel, 333 Orchard Road. Singapore 0923. on Thursday, December 17. at 12.00 noon Amalgamated Steeb Mis Bhd: 17th AGM at Room 506, sth Floor, Wisma SPS. 32 ialan Imbi, ***** Kuala Lumpur, on Thursday. December
      99 words
    • 363 24 I In local out In SS In LSS dy yr d> >t dy yr Dec 14 Index chge chge chge chge chge chge World 390.1 0.0 -4.4 0.1 -6.2 0.0 -7.3 1E\FE 452.6 -0.4 -9.9 0.0 -130 -0.1-14.0 Europe 419.5 -0.2 2.0 0.3 -7.2 0.2
      363 words
  • 610 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  -  610 words

  • CHINA STOCK EXCHANGES
    • 423 25 CLSA RUMOUR of a Shenzhen visit by the Communist Party General Secretary Jiang Zemin yesterday helped lift the Shenzhen A share market from its decline in the last two days. The CLSA Shenzhen A Index gained 2.8 per cent to 1.990.81 with
      CLSA  -  423 words
  • JAKARTA STOCK EXCHANGE
    • 1073 25 Reuter JAKARTA stocks closed mixed in modest trading on selective buying yesterday, with concern over Astra International's ownership dominating sentiment, brokers said. Astra, whose owners failed on Monday to save their ailing bank by selling Astra stock, closed 150 rupiah lower at 8.850 on
      Reuter  -  1,073 words
  • STOCK EXCHANGE OF THAILAND
    • 2154 25 Reuter STOCKS recovered in the last minutes of trading to end the day with small gains yesterday. The SET Index rose 1.10 to 840.40 with 111 gainers and 86 losers. Volume was thin at 1.1615 billion baht. The index fell as many as
      Reuter; Source: Bridge Info  -  2,154 words
  • Page 25 Advertisements
    • 51 25 iifuiitfmniMuiJiitfAiif I I I| I HI I 111 II ■II I I 111 ■111 Find out I I| I I ■I I II I I II I I WI f Personal Investment and Finance. I■ I I I II H 111 111 I A fl Every Saturday in ■■■■■■■■AUMUiUUIIiiIAMOI Business
      51 words

  • TOKYO STOCK EXCHANGE
    • 2574 26 Reuter STOCKS ended lower on profit-taking, giving up morning gains in seesaw trade yesterday. Investors were hesitant to ehase stocks after Tuesday's strong gains, with no fresh buying incentives, and weak futures prices, brokers said. "The market was down purely on a technical factor,"
      Reuter  -  2,574 words
  • STOCK EXCHANGE OF HONGKONG
    • 2540 26 Reuter SHARE prices continued to strengthen in the afternoon yesterday with the Hang Seng index ending 100.15 points, or 1.88 per cent, higher at 5,415.96. Brokers said local banks Hang Seng Bank and Bank of East Asia were targeted by investors, some of
      Reuter  -  2,540 words

  • AUSTRALIAN STOCK EXCHANGE
    • 2059 27 Reuter THE Australian share market fell sharply yesterday as gains of reeent weeks evaporated in a wave of late afternoon profit-taking. However, brokers said the selling was in thin trade and was most likely to be a teehnieal correetion. The All Ordinaries Index hovered
      Reuter; Source: Bridge Info  -  2,059 words
  • REGIONAL STOCK MARKETS
    • New Zealand market holds steady
      • 295 27 THE New Zealand share market ended steady yesterday with the NZSE-40 Capital Index gaining just 0.79 of a point to end at 1,521.18. Fletcher Challenge regained support after falling nine cents on Tuesday. The stock ended on its high for the day, at NZ$2.3l, up five cents. Prices
        295 words
      • 535 27 SHARE prices staged a technical rally yesterday, led by the recovery in the share price of telephone giant Philippine Long Distance and Telephone Co (PLDT) in New York, brokers said. The Manila Stock Exchange Composite Index climbed 39.42 points in heavy trading to end at 1,222.91 from 1,183.49 to
        535 words
      • 485 27 TAIWAN share prices ended slightly lower yesterday in slow, cautious trade ahead of Saturday's parliamentary elections, brokers said. The Weighted Index opened slightly higher but finished 13.34 points lower at 3,674.92. Turnover fell to NTS 6.6 billion from Tuesday's NTS 7.2 billion. All sectors fell except financials. Brokers said
        485 words
      • 777 27 THE stock market ended slightly higher yesterday in thin trade after fluctuating in a narrow range due to political uncertainties. brokers said. But they were unsure of the market direction expected today, the eve of the presidential election. The Composite Stock Index added 3.88 points to 654.09 at the
        777 words
      • 137 27 INDIAN stock prices continued to slide yesterday on fears of further political turmoil in the country and brokers said the downturn would be difficult to stop until the political situation improved. The Bombay Stock Exchange Index fell 102.55 points to 2,374.72 and the National Index dropped 33.45 points to
        137 words
      • 55 27 INDICES TURNOVER Close Previous Dec 16 NEW ZEALAND NZSE-40 Capital 1.521.18 1.520 4 +0.79 MANILA Composite Index 1.222 91 1.183 49 -•-39.42 Turnover (mil pesos) 679.5 310 1 TAIPEI Weighted Price Index 3.***** 3.688.26 -13.34 Turnover (NTS billion) 66 7.2 SEOUL Composite Stock Index 654 09 650.21 3 88 Turnover
        55 words

  • WORLD STOCK MARKETS
    • IBM's woes contribute to Dow's drop
      • Article, Illustration
        1498 28 US BLUE-CHIP stocks ended lower on Tuesday after a heavy selloff in the shares of International Business Machines Corp put modest pressure on the market. The Dow Jones Industrial Average was off 7.84 points to close at 3,284.36. In the broad market, declining issues led gainers 947-836 on
        1,498 words
      • Article, Illustration
        865 28 PRICES slipped slightly in dull trading on the London stock market on Tuesday, with dealers only briefly impressed by better than expected figures on Britain's wholesale prices and industrial output. At the close, the 100-share Footsie Index was down 3.9 at 2,717.9 points and the FT-30 Index was up
        865 words
      • 78 28 INDICES TURNOVER Dec 15 Close Previous NEW YORK Dow Jones 3.284.36 3.***** -7.84 S& P MX) 432.57 432.84 -0.27 Turnover (million) 226 187 04 38 96 LONDON FTSE 100 2,717.9 2.721.8 -3.9 FT-30 2.067.3 2.067.2 +0.1 Turnover (million) 539.2 435.8 103 4 FRANKFURT DAX Index 1.481.24 1.469.75 +11 49 AMSTERDAM
        78 words
      • 190 28 GERMAN shares staged a modest turnaround on Tuesday after five straight days of losses, although with turnover staying depressed, dealers saw the recovery as mainly technical. Underpinned by short-covering, the 30-share DAX Index ended up 0.8 per cent or 11.49 points at 1.481.24, six points ofT its earlier high.
        190 words
      • 347 28 DUTCH shares closed lower on Tuesday after a deadly quiet day. Amsterdam followed other European markets and Wall Street down and with no mar-ket-moving news to jolt it into life, prices slid quietly to a close. Dealers said trade was slowing down ahead of the year end. There was
        347 words
      • 375 28 FRENCH stocks rose on Tuesday as investors corrected their positions after a sharp drop on Monday, traders said. The CAC-40 Index of blue chip stocks rose 6.53 points or 0.4 per cent to 1,744.79. On Monday the index lost 20.44 points, and has fallen from 1,791.16 on Dec 9.
        375 words
      • 340 28 SWISS shares ended lower in slow trading on Tuesday as profit-taking cut into recent strong gains by leading industrial and financial stocks, dealers said. After opening steady to firmer, prices eased around midday on a lack of follow-up buying. Blue chips had been buoyed on Monday by demand from
        340 words
      • 243 28 TORONTO stocks ended mixed on Tuesday with a positive bias after a day of brisk tax-loss selling and warrant redemptions, dealers said. "Otherwise, the market did nothing again. It trades a huge volume but it goes nowhere," trader Rolie Bradley of Maison Placements Canada said. The TSE 300 Index
        243 words
      • 482 28 Brussels Dec 15 Francs FORWARD MARKET 2550 Arbcd 1835 55 Astur 710 Brascan 374 1 Canpac 373 15 Cock 91 -2 De Beers 400 Ebcs 7730 G Bclg(P) 1795 5 1270 12 Gevaert 619C 40 Gr Bru Lamb 2620 -70 Hobok Petro 7490 500 Ryl Dutch 2715 10 Sidro 1670
        482 words
  • Page 28 Advertisements

  • CURRENCY, MONEY & FUTURES MARKET
    • 1185 29 REPORTS THE MARK rose against all currencies in early European trading yesterday, and the French franc was held down at its depressed price of 3.4170 francs to the mark which was unchanged from the closing rate on Tuesday. The dollar was
      1,185 words
    • 397 29 Cross rates Dec 16 USS SS MS Dm Yen SFr AS NZS USS 1.6390 2.5800 1.5680 124.00 0.6382 1.4110 1.4514 1.9380 SS 0.6101 1.5741 0.9567 75.6559 0.3894 0.8609 0.8855 1.1824 MS 0.3876 0.64 0.6078 48.0620 0.2473 0.5469 0.5625 0.7512 Dm 0.6378 1.0453 1.6454 79.08 0.4070 0.8999 0.9256
      397 words
    • 600 29 Interbank rates W Bid Offer Overnight 1 11/8 1-month I ||/|6 I 13/16 2-month I 15/16 2 1/16 3-month 2 2 1/8 Overnight mode: I ISS Bid 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 3
      600 words
    • 509 29 Knight Ridder PARIS The increasingly precarious state of the French franc has made a hitherto expected narrowing of interest rate spreads between French and German government bonds unlikely, foreign exchange dealers and market analysts said. The French-German rate spread, often seen as a barometer
      Knight Ridder  -  509 words
    • 1459 29 SIMEX EURODOLLAR Open High Low Sett Est Vol Act/Vol Op/Int Mar 93 96.17 96.20 96.17 96.19 ***** 9830 ***** Jun 93 95.73 95.75 95.72 95.75 6500 3987 ***** Sep 93 95.22 95.26 95.22 95.25 4000 2877 5867 Dec 93 94.62 94.63 94.61 94.61 1500 948 3198 Mar 94
      1,459 words

  • COMMODITIES
    • 663 30 Japanese imports likely to remain low Knight Ridder TOKYO Asian traders say they expect overall lead demand to remain steady in 1993 from this year, with the car industry the major lead consumer unlikely to see a sign of recovery before late
      Knight Ridder  -  663 words
    • 768 30 REPORTS THE Kuala Lumpur Tin Market ended five sen lower at MSS 14.30 per kg yesterday on heavy selling interest, dealers said. Yesterday's market was weak, a dealer said, adding that miners who feared the worst decided to sell ofT their holdings. The
      768 words
  • 1675 30 Rubber RAS Commodity Exchange (futures closing as at 1pm) RAS (physical prices) RSS 1 Contract (S cents/kg) Buyers Sellers Close Volume Open As at 12 noon (S cents/kg) Month High Low Sett (tonnes) Interest RSS 2 Jan 93 142.50 I43 50N Jan 93 Feb Mar 147.75 148.00 0.00 147.50
    1,675 words
  • Page 30 Advertisements
    • 347 30 BUSINESS TIMES Toll free Tel No 737 0Q43 Fax No: 734 3698 OFFICIAL NOTICE We. Kueloil Shipping Pte Lid of 460 Alexandra Road. No 25-04 PSA Building. Singapore 0511, hereby give notice that in consequence of the intended purchase of the undermentioned vessel, we have applied to the Registrar of
      347 words

  • THE TRAVEL PAGE
    • 1224 31 Ctty ragt ETA night ETD City Flight ETA Flight ETP Adelaide QF81 1935 QF82 2050 SQ107 1305 SQ108 1145 SQ228 2040 SQ109 1405 MH641 1315 t~~ MH609 1455 MH610 1415 KJHSJ UW5 MH611 1555 SQ110 1445 Aantanlam SQ319 0810 KL838 0040 MH613 1625 BR215 1450 KL837
      1,224 words
    • Article, Illustration
      682 31  -  POSTCARD FROM MOSCOW By Vivienne Menkes-Ivry CRUISING from Moscow to St Petersburg, with shipbased visits to both cities, sounded like a good way of glimpsing something of the real Russia beyond the tourist high spots and avoiding the fabled rigours of Russian hotels. Our cruise was to take
      682 words
  • 153 31 As at 10am yesterday: Local dollars to one unit of foreign currency C urrencies Bid Offer Australian dollar 1.1238 1.1400 Canadian dollar 1.2685 1.2942 NZ dollar 0.8369 0.8625 Sterling pound 2.5576 2.5932 US dollar 1.6360 1.6430 Local dollars to 100 units of foreign currency Austrian schilling
    153 words
  • 68 31 Duration Title Venue Organiser Tel Jan 20-23 British Education Barbican EMAP Intl 071-*****47 Training Centre. Exhibitions Ltd. Technologx London London Jan 19-24 International Cologne. Mcsse-und (49)221/ Furniture Fair Germany Ausstellungs******4 Ges.m.b.h. Koln Jan 25-27 Fishing Exhibition T rent on 081-680 0587 Duration Title Venue Organiser Tel Centre.
    68 words
  • Page 31 Advertisements
    • 41 31 Fly Finnair's new 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.
      41 words
    • 26 31 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 749-2577
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    • 60 31 r= Barker (3D of Earls Barton BRm S H E X C ELLE N C E i H K 1 "Jf «*jl > ■HW (B i I .4 ■I B Ik §|nPi^ ?W» M-^^S?*;** Available at Isetan Sole Agent For Brunei, Malaysia, Indonesia, Singapore Thailand: Kfc» 00. 687. liast Cost
      60 words
  • Page 31 Miscellaneous
    • 282 31 1 Wimbledon, for example, F P popular 8 Caprine group gathers food all over the place 11 American bonnet for Rob- 11 Tar 'Hf 13 Bunch of ribbons worn as 15 Take on more fellows in a Lhv '"HHH sea I I 16 Order from the dictator (5) vf' j
      282 words
    • 163 31 Singapore Outlook: Occasional showers, heavy at times. ReportMaximum temperature 29.9 Assoc humidity 69% Minimum temperature 23.0 Assoc humidity 96% Hours of sunshine 0.85 Rainfall in mm 2.1 Rainfall this month 285.0 Rainy days this month 11 World report Asia-Pacific Hi/Lo* Cond. Auckland 2(V10 Cloudy Bangkok 32/24 Cloudy Beijing 06M Clear
      163 words
    • 37 31 rve oust eveN \F you DON'T GO Tuey dock IT SePSSOIs) OF GOODWILL, T 0 RdRTVI£ OUT OF UJPGeS Mvf RDOT FtCrrts CWfciSTr^PiS 1 D»NNe« DPNCE.... 4&S 53#" Tvteecs f4O €SCAPe... 0830 e ASSOCIATED NEWSPAPERS LTO 1962-1992
      37 words

  • 368 32 Reuter. NYT LITTLE ROCK. Arkansas President-elect Bill Clinton signalled his readiness to take a tough stance on Japan over its bulging trade surplus at an extraordinary economic conference that ended on Tuesday. "I don't think our economy can be, or should be,
    Reuter.; NYT  -  368 words
  • 220 32 AP LITTLE ROCK. Arkansas President-elect Bill Clinton was said by aides on Tuesday to be close to making a final decision on several more high-level appointments, including secretary of state and United Nations ambassador. Former vice-president Walter Mondale was among those Mr Clinton
    AP  -  220 words
  • 170 32 Reuter LONDON Irish Republican guerillas exploded two bombs in London's main shopping street yesterday, injuring four people and defying police in a continuing preChristmas bombing blitz. One bonib exploded in the men's toilet at the John department store, one of the
    Reuter  -  170 words
  • 683 32 Recovery in US and Japan will depend on consumers, says report Reuter PARIS Major world economies show signs of aseptic growth in 1993, according to the half-yearly outlook published yesterday by the Organisation for Economic Cooperation and Development (OECD). For the US and
    Reuter  -  683 words
  • 410 32 Reuter PARIS The dash for growth in the so-called Dynamic Asian Economics (DAEs) has slowed but they will go on benefiting from faster growth in China, the OECD said yesterday. The Organisation for Economic Cooperation and Development said the political ascendancy
    Reuter  -  410 words
  • 785 32  -  The Bottom Line CHUANG PECK MING CHUANG PECK MING The writer is a correspondent with BT. I DEPUTY Prime Minister Lee Hsien Loong's visit to Japan last month, with seven wellknown loeal businessmen in tow. was not just to draw more
    785 words
  • 395 32 NYT. Reuter BOMBAY India's bold programme of economic reforms will be delayed, but not derailed by the latest political crisis facing the government of Prime Minister P V Narasimha Rao, business analysts said yesterday. "I don't believe the Left will get their pound of flesh."
    NYT.; Reuter  -  395 words
  • Page 32 Advertisements
    • 43 32 Every Saturday in Business Times IyeaV^j=ND] COMMENCING 20 NOVEMBER 1992 DISCOUNT UP TO 65% GENESIS CRYSTALS 1 Raffles Place #01-01 OUB Centre 0104 Tel: 532 4510 Business Hours: Monday to Friday 10.30 am to 6.30pm Saturday 10.30 am to 2.30pm Sunday/Public Holiday Closed
      43 words
    • 16 32 War> executives impressed b> Clinton, Pg 11 Finally: restoring the \N hite House effect. Pg 12
      16 words
    • 63 32 I Every Saturday in Business Times k Capture the Magic of a XMAS Thomson Restaurant Gather the family for the merriest Christmas ever at Ke,on 9 Thomson Restaurant. f"\ Feast on festive delights Bp>F2 y W\ f\| and capture the magic I I loi a family Christmas. of 'en if
      63 words

  • Shipping Times
    • 414 33  -  By Dexter Lee SINGAPORE Pacific International Lines (PIL) could invest up to US$2O million (5532.8 million) in four distripark projects in China as part of its diversification into shipping-related businesses. The distriparks one each in Ningbo, Hangzhou. Wuxi and Shanghai also reflect PlL's
      414 words
    • 272 33  -  By Rahita Elias SINGAPORE Keppel Corporation has acquired its third shipyard in the Philippines. strengthening its presence in that country's marine market. The Singapore-based conglomerate. which is keen to acquire yet another shipyard in Subie Bay. won the bid for Philippine National Oil Co Dockyard
      272 words
    • 334 33 AFP SYDNEY International environmental group Greenpeace renewed attempts yesterday to track Japanese plutonium carrier Akasuki \laru. believed to be in Australian waters. A Greenpeace spokeswoman said aircraft had begun a series of five-hour search missions out of Hobart in Australia's far south to locate
      AFP  -  334 words
    • 309 33 AP LONDON The opening of the Channel Tunnel, already six months behind schedule, may be further delayed by a dispute over payment for the £8 billion (5520.5 billion) project, Eurotunnel said on Tuesday. Eurotunnel and Transmanche Link, a 10-member Anglo-French consortium building the
      AP  -  309 words
    • LOG BOOK
      • 128 34 kOTA KINABALU Eighteen flights at the Tawau Airport had to be cancelled when the airport was closed on Tuesday due to a pothole in the runway. Malaysia Airlines (MAS) regional manager for Sabah and Brunei. S Murugesu. said 14 of the flights were for
        128 words
      • 94 34 NEW YORk The New York Stock Exchange said on Tuesday that it would suspend trading in the U552.25 (553.60) preferred shares of Trans World Airlines Inc (TWA). The Big Board also said it planned to file an application with the Securities and Exchange Commission to
        94 words
      • 100 34 PARIS Seven years after the sunken hulk of the Titanic was found by a French-US expedition off Newfoundland, France on Tuesday gave the owners of some 1,800 objects recovered from the wreck three months in which to claim their property. With only around a dozen
        100 words
      • 76 34 WASHINGTON The US Justice Department said General Motors Corp's Hughes Aircraft unit will pay USS3.BS million (556.16 million) to settle claims it defrauded the government by mischarging on Navy radar contracts. The claims were based on allegations that the Hughes Ground System Group shifted charges
        76 words
      • 50 34 BOGOTA Colombia's state oil company Ecopetrol said it was continuing force majeure on its crude exports because of a spate of guerilla attacks on the pipelines that carry oil to the coast. Ecopetrol normally ships six shipments of crude a month to clients in the US.
        50 words
      • 59 34 WIESBADEN A first planeload of plutonium waste left Frankfurt on Tuesday for reprocessing at Dounreay, the nuclear plant in northern Scotland, the state environment minister of Hessen, Joschka Fischer, said. Under police escort, 3.4 kg of plutonium reactor rods were taken by road from the German
        59 words
    • Article, Illustration
      868 34  -  The Hongkong government's decision to split the winnings on Terminal Nine has made nobody happy, reports Kevin Chinnery Kevin Chinnery Lloyd's Maritime Asia THE long awaited decision on Hongkong's new Terminal Nine has stopped the groups competing for it dead in their tracks: the losers to express
      Lloyd's Maritime Asia  -  868 words
    • 873 34 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 Alpha Feeders 6 1 ANL 3 1/2 •ASCL 5 5 Avant Shpg 6 4/5 Avia Airways 14 4 Bait Orient Line 7 4/5 Bangladesh Shpg 9 3 Bank Line. The
      873 words
    • 978 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
      978 words
    • 11842 42 This is a list of ships loading al Singapore tor 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 I'M: ship calls at Pcnang after
      11,842 words
    • 3311 47 Asia-North America Easthound Rat* Agreement (Far East/North America, excludes Japan): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon Yusen Kaisha Line; Mitsui OSK Lines; Nippon Liner system; "K" Line. Trans-Pacific Westbound Rate Agreement (North America/Far East): American President Lines; Sea-Land; Neptune Orient Lines; Maersk Line; Nippon
      3,311 words
    • 265 47 Abacus iHifirrs Id 545-8011 Fax: 545-IX9B Air Kvprns I ravel Td: 533-5771. Fax 535-6144 Airborne Freight orporation Id: 542-8844 Fax: 542-3716. *****80 Ainwift Worldwide Courier Td: 278-0188 Fax: 273-8283. AJS Supplies Td: 748-6322 (2 lines). 747-7421. Fax: 742-8975. Citvlink International Td: 344-3377. Fax: 345-6450. Cluster IJnk Supplies Services
      265 words
    • 1474 47 Abex F.xpress Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Fxpress Td: 542-5454 Fax: *****06. Air Fxpress International Tel: 542-7666 Fax: *****74. *****50. Air
      1,474 words
    • 1200 48 ALBANIA Durres: 10 vessels in port of one ro-ro diseharging meat lorries, 1 sugar disharger, 1 ro-ro discharging trucks and cars, 1 wheat discharger, 1 iron bars/coils discharger, 1 butter discharger, 1 pipes discharger. 1 flour discharger, I chrome-ore leader, 1 copper loader. ANGOLA Luanda: Town and port
      1,200 words
    • 828 48 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young. AFP INTEREST in Panamax bulkers has been maintained with a further candidate being sold at something above her recent asking price. The "Nordpol" which is said to have obtained around USS 12.75 million to Greek buyers. There has
      The information was contributed by Simpson Spence & Young.; AFP  -  828 words
    • 565 48 ARRIVALS DEPARTURES ()p Flight lype ETA T From Op Highl l>pe Ell) T lo TODAY TODAY KAL KE697 B747F 0150 1 SEL KAL KE697 B747F 0440 I Bkk SI A SQ827 B747F 1730 2 CPH/DXB SI A SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 I
      565 words
    • 521 48 CRUISE FERRY SCHEDULES CRUISE SHIPS Arr Pep Name of Vessel ETA KI D Ports of Calls Port Agent Telephone No DECEMBER 15 15 Cora Pnncss 1600 2000 S-E-Asia Cruise Harpers Shpg 221-1388 16 16 Cora Pnncss 1600 2000 S-E-Asia Cruise Harpers Shpg 221-1388 17 17 Cora Pnncss 1600 2000 S-E-Asia
      521 words
    • SHIPS IN PORT
      • 755 49 Voy No Berth Amval Departure Vessel Voy No Berth Arrival Departwe Jurong Port Vung Tau 92 04 92 P03 alongside lb 13 1900 Dewi Seraya 29 29 J2 alongside 1712 0900 Yuwaki M 206A P04 alongside 1612 1500 Japta Tiga 0192 J2 alongside 1712 2200 Arktis Blue
        755 words
      • 183 49 Pefiang Port On the way: Penbunker. Hang Jun 4006, Kasturi, Nagoya-1. Ikrari Maru 3002, BG. Soon Hock-11. Saromkas. Helen N. World Iknpier, Emerald, Sea Queen, May Lily. Bunga Kiambang, Umitaka Maru, Thong Nhat TKIS4. Palm Sea Horse, Hang Too 905, Hang Ho 3502. Hang Yang 802. Due on
        183 words
      • 1786 49 DELIVERY OF FCL IMPORT CONTAINERS IN PROGRESS Ship Voy No Containers available Ship Voy No Containers available Sentosa Jaya 068S 14 12.92 1127 Freedom Cont FC206S COO(EST) *****2 1500 Eagle Cloud 129 14 12 92 1150 Stamford 48W COO(EST) *****2 2030 Hyderabad 112 HW 1412.92 1200 OC Centaurus
        1,786 words
    • 1365 50 I HE buoyant tone continued to prevail in the Atlantic sector on I uesday, with owners of tonnage able to make late December or early January loadings from the US Gulf. But some grain houses continue to hold to the idea that since they have smaller books for
      1,365 words
    • 339 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  -  339 words
    • 406 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 2Vi hours): Cargo Handling and Shipping Course, organised by Computer Lord Industrial Training Centre (SDF
      406 words
    • 436 52 NYT SAN FRANCISCO In the midst of a protracted slump in the airline industry. International Lease Finance Corp on Tuesday ordered 82 new jets. The orders included 53 jetliners from Boeing Co worth L'Ss3.6 billion (555.9 billion) and 28 aircraft from
      NYT  -  436 words
    • 399 52 Reuter HIGHLAND PARK, Michigan Chrysler Corporation said on Tuesday it shipped the first of its right-hand-drive Jeep Cherokee vehicles to Japan with a 30 per cent price cut in an attempt to lure Japanese consumers. With the move, Chrysler is the first of
      Reuter  -  399 words
    • 317 52 UPI NEW DKLHI Indian Airlines, the country's strikeplagued main domestic carrier, introduced Russian jetliners with Russian pilots on luesdav to maintain air services between major Indian cities. Domestic flights have been disrupted since last Thursday by a work stoppage by the
      UPI  -  317 words
    • 347 52 AP PARIS Strikers paralysed rail and air services across France on Tuesday, stranding hundreds of thousands of people and prompting angry commuters to throw stones, occupy a city hall and take over a train station. The rail workers, who serve more than three
      AP  -  347 words
    • 662 52 Overtime cuts mean less income for workers Asahi TOKYO Japanese car manufacturers ran their factories around the clock when the country was experiencing strong economic growth. Now. with no signs of recovery in the slumping domestic car market they are finally stopping their
      Asahi  -  662 words
    • 226 52 AP HONOLULU A Northwest Airlines jet dumped its fuel and returned safely to Honolulu Airport after the pilot reported sensing vibrations in the Boeing 747, authorities said. A passenger on Seattlebound Flight 924 on Monday said he saw a 0.6-metre by 1.8-metre portion
      AP  -  226 words
  • Page 33 Advertisements
    • 16 33 HK's Terminal Nine: Divide and rue, Page 2 US lessor orders 82 new jets, Back Page
      16 words
    • 142 33 THE famous Mil.illl.'K 224 1833 For more information please refer to P({. 13 MORE WAYS WE KEEP YOU AFLOAT. Whether you want to invest in a vessel, or build a vessel some years and have managed to acquire an enviable reputation you'll find DBS Finance ready to lend a helping
      142 words

  • Page 34 Advertisements
    • 120 34 Lines and services represented by Members of the Registry of Accredited SMSt For advertising enquiries, contact Shipping Times: Tel 740-*****740-2090. FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and f relevant book reviews. L
      120 words

  • Page 35 Advertisements
    • 4897 35 OOCL (S) PTE LTD JAROINE SHIPPING AGENCIES Mil// Find out how BOOKINGS TEL: *****34 *****58/ *****40 ■llllf CFS (PSA F5) TEL *****21/ *****79 P RmftlH QPIIAfC orp PESAKA JAROINE SHIPPING AGENCIES SDN. BHD IL VKV# J PORT KELANG TEL *****18 FAX *****91 *****88 f|llt r\„A. 0..~i;*,, C PENANG TEL *****4
      4,897 words
    • 1575 35 |MUIi7.H.HHWI4 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 Sea Lark' Aries DESTINATIONS Tins Madisor Maersk 9302 HBBfy H*i" 1 i'" E5
      1,575 words

  • Page 36 Advertisements
    • 1522 36 AQABA ROAM/ [I bhvm VOV NO S PORE JEDDAH ivia JED) S TON H BURG ANT HAVRE. ■kLJIII LUDWIGSHAFEN EXPRESS 05/350 19 12 29/12 4/1 6/1 9/1 11/1 13/1 1. Ml WESTBOUND MONTE ROSA 22/151 24/12 9/1 12/1 10/1 PORT KELANG t PENANG DRESDEN EXPRESS 08/351 26/12 5/1 11/1 13/1
      1,522 words
    • 631 36 FCL Breakbulk Service to: AFGHANISTAN M&M Afghanistan Ltd., Sole Foreign Forwarder in Kabul for all services C.1.5.-Vootochny, Vladivostok, Moscow, Tashkent, Kiew, Minsk, Riga, Baku North Korea Vietnam Mongolia t Hungary CSFR Poland ocwans AGENCIES (FAR EAST) LTD NOUAKCHOTT-BANJUL-BISSAU-LUANDA-BATA Feeder Veooel ETA SIN VILLE DE TUCANA 19/12 VILLE DE CANOPUS 24/12
      631 words
    • 1421 36 aaaia &xarm EXPRESS LCL SERVICE DEPARTING EVERY SUNDAY WE ARE PLEASED TO ANNOUNCE NEXT SAILING: HYUNDAI INNOVATOR VOY: 301W ETA SINGAPORE 20/12/92 LCL CARGOES CAN BE ACCEPTED TO THE FOLLOWING DESTINATIONS TRANSIT UNITED KINGDOM FELIXSTOWE 23 DAYS GERMANY HAMBURG 20 DAYS THE NETHERLANDS ROTTERDAM 19 DAYS BENELUX ANTWERP 20 DAYS
      1,421 words

  • Page 37 Advertisements
    • 2093 37 K STRAITS SHIPPING PTE LTD 10 Hoe Chiang Road #11-01 Keppel Towers Singapore 0208 Tel; *****88 Fax: *****17 ACCEPTS CARGO DUE SAIS fll fJI ilB *>»11 [W M ItMifll VII till I] KRIS MADURA ¥13t KK. Sinn. law 16 18 Dec 16 Dtt 19 Dec STRAITS VENTURE V32E Muaca Lab
      2,093 words
    • 2756 37 SINGAPORE AGENT: P&0 Containers (Singapore Agencies) Pte Ltd 111 W liljlll/lllicra 10 Hoe Chiang Road #07-01 KEPPEL TOWERS. SINGAPORE 0208 Wr Tel 225 2233 Tele* RS ***** PNOCSP Fax 225 5327/222 7517 Pr T > CR Number **********0Z EXPORT IMPORT vessel voy -mm *pkg sm aiq sou ant rot nam
      2,756 words

  • Page 38 Advertisements
    • 780 38 DJAKARTA INDONESIA NATIONAL LINE TO EUROPE SCTMCE Kit »°t i sww I now wil h-buw| annul mmut» MA I ARAM 33W8 I 1619/1? I 11/1 23/1 21/1 1/2 H mmp «l/W 1 PILL STOKt STD jglj BUI B*tS wo nusiimw »>4? is/1? nai i/i m\2 MOO ASIA ***** 21/12 22/12
      780 words
    • 1728 38 HANJIN SHIPPING FOB Wl I SM Il* HAUL SEA VCR FDR VSL SM ILME HAUL SAV AM NYC HANJM KUNSAN 082E 21 12 H IONGHAE 097E 14/1 15/1 HANJM KUNSAN 082t 21/1? M ASIA 0071 28/1 29/1 31/1 FISHGUARD BAY 301N ?8 12 H NENYOftK 046{ 21/1 22/1 FBHGUARf) BAY
      1,728 words
    • 1370 38 Id -1 d I mi scr use wg ilc u mi o» ki w in in cis bu mc im im hm iif we ra cm w I iGIANIREOSO 22/12 29/12 27/12 31/12 5/1 6/1 II 10/1 11/1 12/1 21/1 4 2 4 2 7/2 17/2 11,2 19/2 20 2
      1,370 words

  • Page 39 Advertisements
    • 1888 39 |r~~l YEAR-END LOADER II SjBE llscx: 'NEPTUNE CRYSTAL 10E' ETA SGP 31/12/92 II |1 ARRIVING LOS ANGELES 17/01/93 IN 17 DAYS H 11 NORTH WEST EXPRESS (NWX) SINGAPORE CALIFORNIA EXPRESS (SCX)^^^\ TO PNW USA INLAND POINTS §TO CAUFow .ysGWf'MuumPoom.ATUMmvumj U FEEDER VSI. VOY S4JP MOTHER VSI. VOY SET PLD MIN/
      1,888 words
    • 1235 39 m 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 EASTBOUNO—DISCHARGING WESTBOUNO-LOADING TRANSH»PED VIA
      1,235 words

  • Page 40 Advertisements
    • 1869 40 z_®__ AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No. **********0 M) I W W m TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 I MJ MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD JL VL JL llin/ uceii TEL.SA *****00 PK *****75 PEN *****0 JB *****1 PGU *****5/6 KAWASAKI KISEN KAISHA, LTD
      1,869 words
    • 1245 40 Shipping Times, Thursday December 17 1992 f-K© PHI LI on If NT UN€S PTC LTD r 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** Fax: *****76/*****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU egg MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION
      1,245 words

  • Page 41 Advertisements
    • 820 41 PACIFIC INTERNATIONAL LINES (PTE) LTD 1 I 140 Cecil Street, #03-00 PIL Building, Singapore 0106. CR NO: *****67Q000EJ VESSEL VOY SIN HKG SIN CMB JIB HOD JED AQJ KOTA NAQA NGAOI3 22/12 2«/12 4/1 5/1 10/1 KOTA WIJAVA WJAOI7 25/12 29/12 «/1 10/1 13/1 KOTA SINGA SQAOI9 7/1 12/1 20/1
      820 words
    • 1599 41 EXPRESS CONTAINER SERVICE TO UK-NORTH CONTINENT-SCANDINAVIA WEEKLY p P GUDANG PENANG P KELANG OCEAN VSL/VQY SIN SOU(H PTM |2| HAM i 3) GOT (4) E '8/12 18/12 19/12 BENAVON 2502 22/12 8/J 10M 11/1 13/1 25/12 25/12 26/12 JUTIANDIA 2512 29/12 15/1 17/1 18/1 20/1 q piTi J75 57i selandia
      1,599 words
    • 290 41 BSA TRANSPORTATION ItM* MYANMA pBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Kit Pen PGdf PA THEM VI2OW Sailed HPA-AN VIB4W In Pari PAGAN VI9IW 4/8 J«i NIGERIAN NATIONAL M SHIPPING LINE NIGERIA EXPRESS SERVICE RIVER MAJE RIVER NGADA V.SO V.50 SPORE Sid 9 Jan Lagos
      290 words


  • Page 43 Advertisements
    • 50 43 I/C VISA FREIGHT SERVICES PTE LTD £5 Jfav Established Since 1984 OCEAKIA PORTS R£CUfIJ«<^tqUFAGE AUCKLAND SYDNEY import export FREfIAOTLE I w* FOR BOOKING St SAILING SCHEDULE, CALL THE TOTAL TRANSPORTATION PEOPLE. VISA FREIGHT SERVICES PTE LTD VISA LCL CONSOL PTE LTD TOLL-FREE TEL: *****66 TOLL-FREE TEL: *****34 FAX:*****86 FAX: *****37
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  • Page 44 Advertisements
    • 2782 44 Full Container Liner Services Malay's »t«iv lnii<, ia s A,en c RhA p.T. Global Put" Indonesia Maritime Central Agents: Booking Agents: Cuan Guan Shipping Sdn Bhd Chung Chiao Shipping Sdn dm Costar Shipping Pte Ltd Skipftat Freight Booking Coatre Sdn Bhd 58 Persiaran Ra/a Vuda Musa Lot 3.34. 3rd Floor.
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    • 311 44 SAMUDERA MOONESU (S) PTE LTD 15 McCALLUM STREET #03-01/02 NATWEST CENTRE Singapore 0106 T*t«x: R*****0 t *l *****81-3 Fax: 22S 4839 *****38 FOR BOOKINGS CALL DIRECT UWE TEL: *****41/*****43 SM/JAK SERVICE VESSEL VOY SIN JAK KURNIA SAMUDERA 957 IN PT 20/12 (SUN) PELOPOR 1059 19/12 (SAT) 22/12 (TUE) ELBE STAR
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  • Page 45 Advertisements
    • 602 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 HAIFA/ASHDOD/ALEXANDRIA 20/12 HAMBURG/BREMEN 20/12 MARSEILLE/FRANCE 20/12 TELIXSTOWE/UK 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 BRISBANE
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    • 368 45 IKER-UIE VSL VOY SMGAPORE MADRAS SMGAPORE KSSEI Wt MM SW 181 ARROW 45A SUED 22-23/12 2*20/12 IKU MBS 215* 21-22/12 27-29/12 03-04,. 01 rtGl* SIM 4M 21-24/12 29-30/12 04-06 01 TK£R SPEED 238N 21-29/12 03 05 01 10-11/01 VSL VOY SMGAPORE/CALCUTT A/SMGAPORE WtSStL VOY 9H CM S* AHERS BREE2E 052
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  • Page 46 Advertisements
    • 1695 46 groupage I K~/ ~F ENANG (04) *****6 SIBU: (084) *****9 KUCHING: (082) *****3 N P.KELANG: (03) *****77 JAKARTA: (21) *****32 SURABAYA: (31) *****0 HKG/TWN/BKK GOTH/U.K/MED PORTS PEN PKL SIN PEN PK SIN 19/12 20/12 21/12 Hong Kong Ldn/Fli/Rdm/Ant/LHV 17/12 18/12 19/12 24/12 25/12 26/12 Hong Kong Gburg/Chagen/Sholm/Oslo 20/12 21/12 22/12
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    • 256 46 w BLUE STAR LINE SINGAPORE TO AND FROM NEW ZEALAND AND PACIFIC ISLANDS SIN AKL LYT SIN AUST STAR 84S 25/12 6/1 8/1 25/1 PROSPECT 22$ 6/1 18/1 20/1 6/2 N2 STAR 5S 19/1 31/1 2/2 19/2 FULLY CONTAINERISED SAILINGS DISCHARGING AT AUCKLAND. LYTTELTON, ACCEPTING FCL LCL FOR NEW PLYMOUTH.
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  • Page 48 Advertisements
    • 136 48 UP. LIVING IT iffe* EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take
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  • Page 49 Advertisements
    • 124 49 ■bMBPHRPSS^^^^ v. x f 1 -> JI^BPIpSP^ 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 vour mnnpv Essential information accessible every busmess day through Business Times. In the same
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  • Page 50 Advertisements
    • 290 50 NORTH PHILIPPINES FULL CONTAINER SERV CE VESSEL VOYAGE SINGAPORE MANILA VIGOUR LUZON 7NB 18/12/92 25/12/92 FRDAY O VIGOUR LUZON 7ANB 21/12/92 25/12/92 VIGOUR SINGAPORE 43N8 25/12/92 1/1/93 VIGOUR SINGAPORE 43ANB 28/12/92 1/1/93 PORT KLANG/PENANG FULL CONTAINER SERVICE VESSEL VOYAGE SINGAPORE PORT KLANG PENANG FILAOS 9231N8 16/12/92 18/12/92 ARKTIS GRACE 9234N
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    • 307 50 1. cosco UKC CONVENTIONAL SERVICE VESSEL PKL PNO 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/Guangzhou COSCO FULL CONTAINER SERVICES (FCL/FCL) 18/12 92 EXPERT TO: CHINA/BANGKOK/HONGKONG EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST PERSIAN GULF/KARACHI Please
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  • Page 50 Miscellaneous
    • 650 50 TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1?00 1300 1400 ISOO 1600 1700 1800 1900 2000 2100 2200 2300 It 09 13 II 22 2.5 2.5 24 2.1 17 1.4 11 1.1 12 15 19 2.3 25 26 25
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  • Page 51 Advertisements
    • 1113 51 A HYUNDAI MERCHANT MARINE CO. LTD. WESTBOUND TO EUROPE VESSELS PNA+- PKE+ PGD+ SM RIM ANT* LEH* HAM BRt| PEL H INNOVATOR 301W 17/12 11/12 19/12 20/12 8/1 8/1 9/1 9/1 9/1 12/1 SI MARINER 302** 24/12 25/12 26/12 27/12 15/1 15/1 16/1 16/1 16/1 19/1 H EXPLORER 303** 31/12
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    • 455 51 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS INBOUND VESSELS nssii *ov sr n ik u BUB IKUN II 21/12 COSMC CMUUCU 22 22 12 24/12 SMII II 21/12 25/12 THINK PMM II 2S/12 27/12 TRIMS lUTO 41 21 12 27/12 Ml 11/12 COSMC NISTEI II 2J'U COSMC mil
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  • Page 52 Advertisements
    • 86 52 Every Saturday in Business Times Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful
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    • 6 52 L Every Saturday in Business Times
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