The Business Times, 27 July 1989

Microfilm: NL16672
Total Pages: 40
1 40 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 THURSDAY, JULY 27, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    250 1 Dow down WALL STREET got off to an indecisive start yesterday amid disappointment about recent corporate earnings reports and uncertainty about the economy's health. The Dow Jones average of 30 industrials declined 4.36 to 2,578.72 in the first hour of trading. AP Footsie down LONDON share prices
    250 words
  • Article, Illustration
    Boost for S'pore as regional centre
    418 1  -  LIM CHIN BENG COMMENTS ON HUBBING RIGHTS FOR UK AIRLINES By JAYARAM MENON SINGAPORE'S move to give British airlines flying here hubbing rights will be a big boost to the Republic's role as a regional transport, trade and communications centre. Mr Lim Chin Beng,
    418 words
  • Article
    SIA is still a favourite of Salomon Bros
    558 1  -  By ROSIE TAN SINGAPORE AIRLINES remains a favourite of US securities firm Salomon Bros which predicts that the national carrier should turn in net profits of $1.3 billion for the current year, or an increase of 32 per cent from $985 million.
    558 words
  • Article, Illustration
    Regional stock markets close mixed
    255 1 REGIONAL STOCK markets closed mixed yesterday. In Singapore, a 60-cent gain by national airline SIA gave the Straits Times Industrials Index a boost although widespread prof-it-taking pushed the market broadly lower. SIA closed at its post-Crash high of $15.10. Its turnover of 2.64 million yesterday
    255 words
  • Article
    Lock icon Japan's ruling party plans to name Uno's successor
    293 1 Reuter, AP JAPAN S ruling party, beaten in upper house elections last weekend, plans to name a successor to lame duck premier Sousuke Uno as early as next week but no frontrunner has yet emerged, party sources said on yesterday. Mr Uno,
    Reuter,; AP  -  293 words
  • Article
    Lock icon Plan to tax foreign buyers of US firms
    436 1 FT A US congressional committee is considering a proposal, which has the tacit approval of the Bush administration, that would impose new taxes on foreign buyers of US companies, a move which could affect the proposed £13-billion takeover of BAT Industries. the
    FT  -  436 words
  • Article
    Lock icon EC criticised US move to extend steel quotas
    135 1 Reuter/AP THE EUROPEAN Community (EC) yesterday criticised President George Bush's decision to extend steel import quotas, saying the American industry has made an impressive comeback in recent years. Mr Bush said he took the step in an effort to press negotiations to
    Reuter/AP  -  135 words
  • Article
    Lock icon Malaysia to continue with liberalised foreign investment rules
    493 1 Agencies MALAYSIA will not force the restructuring of joint ventures in which foreigners held majority ownership under recently liberalised investment rules. A senior official of the Malaysian Industrial Development Authority (Mida) said yesterday the companies would not have to restructure after 1990
    Agencies  -  493 words
  • Article
    HONGKONG at the crossroads
    113 1 ONE BLOODY NIGHT in Beijing: that's all it took to shatter confidence in Hongkong. People in the colony are now scrambling for a passport to safety in case things go wrong in the run-up to 1997 and beyond. The stock market drifts along aimlessly. The property
    113 words
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      Page 1 Advertisements Column 1
      107 1 urberrys fc'fCO T r K Reigns when it pours t£. w 3 HCN/GREAT BOTC AND SIFS GIVE SMALL COMBINES A DIG LIFT. As the Small Industries Finance Scheme (SIFS) specialists, Great Pacific Finance can help small companies get big ideas off the ground. In fact, weVe built our reputation by
      107 words
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      Page 1 Advertisements Column 2
      207 1 Full report, PAGE 24 Regional Mfcte, PAGE 26 World Mkts, PAGE 27 Editorial comment 12 Keeping money out of politics Canadian arms makers 12 Hit by peace fallout France's GSN Groups 13 Young giant in a hurry Taxi companies 2 Increasing their fleets National Westminster 10 Chairman resigns Advertising Marketing
      207 words
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      Page 1 Advertisements Column 3
      3 1 See PAGE 6
      3 words
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      Page 1 Advertisements Column 4
      117 1 TOTAL TRANSPORTATION -i q :VR jy te1:265-3833 CROWN PACIFIC for success tailors will personally cut and stitch your designs with the traditional commitment to craftsmanship that has long associated Metwani, the Men's Fashion Store with that tailormade for Tailor-mad Wain Shiell. Dormeuil. Scabal. Ermenegildo Zegna With their precise emphasis on
      117 words
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  • HOME NEWS
    • Article, Illustration
      Taxi companies start increasing fleets
      504 2  -  By JAYARAM MENON COMMUTERS can expect more taxis on the road this year as taxi companies have begun increasing their fleets. Currently, there are 10,556 taxis on the road and the number is expected to hit 11,000 by year-end. Singapore Technologies' taxi company, Singapore Commuter,
      504 words
    • Article
      Re-train older workers: Pock Too
      206 2 EMPLOYERS need to keep retraining older workers to equip them with the skills to achieve higher productivity. But workers must be willing to learn new skills to meet these demands, said Ng Pock Too, Political Secretary in the Prime Minister's Office and deputy sec-retary-general of
      206 words
    • Article
      Optics Asia saw $1.5m sales
      94 2 EXHIBITORS at Optics Asia '89. which ended on Tussdsy, clinched sales and ordars mounting to $1.5 million. Business enquiries during ths four-day axhibition ars sxpected to result in a further $2 million worth of ordars over ths nsxt 12 months, said the organissrs. ITP Sarvicaa
      94 words
    • Article, Illustration
      Jewellers expected to sell more to Europe
      546 2  -  By WALTON MORAIS DOMESTIC JEWELLERY exports to Europe are expected to increase by 30 to 40 per cent this year, it recent successes at the world's largest and most prestigious jewellery show are an indicator. Singapore jewellers made $7.2 million sales and negotiated
      546 words
    • Article
      Computer companies hope to tap British market
      239 2 ENCOURAGED by a significant jump in exports of Singsporemsds computsrs snd rslstsd products to Britsin, mors local companies srs trying to tap that market. Fifteen local companies srs joining the Singspors pavilion st the Personsl Computer show in London. This is mors thsn
      239 words
    • Article, Illustration
      Security services firm run by ex-police officers prospering
      467 2  -  By LEE HAN SHIH A COMPANY run mainly by former police officers is doing a booming business providing security services to property owners in Singapore. Premier Security, which saw its revenue rise by 26 per cent last year to $4.4 million, is
      467 words
    • Article
      'More Thai workers will come to S'pore'
      432 3  -  By SHOEB KAGDA THAI workers will continue to be attracted to Singapore as farm mechanisation back home reduces the need for greater labour, said Thai Deputy Foreign Minister Prapaa Limpabandhu. Speaking at a press conference after visiting two work sites, and just before
      432 words
    • Article
      STPB works with Case on visitors' complaints
      197 3 THE Singapore Tourist Promotion Board (STPB) has revamped its procedures for handling complaints from visitors to Singapore. Instead of working alone, the board will join hands with the Consumer Association of Singapore (Case) to speed up the processing of visitors' complaints, and ensure
      197 words
    • Article
      Hotel industry faces daunting challenges
      391 3 THE hotel industry, which has shown signs of picking up, is facing challenges and problems as formidable as those it encountered during a recession. Outlining the main issues yesterday, Ricky Goh, president of the Singapore Hotel Association (SHA), said chief among these is the concern
      391 words
    • Article, Illustration
      SRC to increase refining capacity by 20,000 bpd
      386 3  -  ONE OF TWO CRUDE DISTILLERS TO BE UPGRADED By LILIAN ANG SINGAPORE Refining Company will soon raise the capacity of its refinery by 20,000 barrels per day (bpd) to meet demand. This is to be achieved by "de-bottlenecking" one of the company's
      386 words
    • Article
      SMA sets up consortium of furniture makers
      335 3 THE Singapore Manufacturers' Association will give local smalland medium-sized enterprises a boost with a new consortium concept to help them sell their products overseas. It is setting up several export groups, beginning with s consortium of furniturs and furnishings manufacturers called the Singapore
      335 words
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      167 2 TO FURTHER EAST-WEST RELATIONS OUR CHEF'S ABOUT TO MAKE HISTORY. When our chef conducts East and West to the same table, it promises to be a rather momentous occasion. Our entrees are equally cosmopolitan. U.S. duckling breast with julienne of bamboo shoots. Lamb chops fried with chillies in shallot sauce.
      167 words
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      467 3 It appeals to both sides of your brain. For every purchase from IJul. to 30 Sept.l9B9 You 11 get the flexibility to use both 5 1/4 and 1 1/2 inch diskette drires. fixed disk drtres. and tape backups On board interfaces make it easy to bring in outside belp from
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      91 3 soma M y// m Global tamparaturaa on July 29 ro 23/18 Cloudy 33/21 Clear 11/01 Oowdy 40/32 door 31/25 dowdy unav 31/20 Clowdy 32/25 Cloar 31/18 Cloudy 29/14 Ctoar Mod rid Manila Moxico Oty 35/19 Cloar 33/23 Cloar 24/12 Clowdy 30/27 Cloudy 32/20 door Now OoM Now York 25/10 Cloar
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      706 4 A Winning Combination m PRESIDENT'S MESSAGE AT&T is extremely pleased to enter into this relationship with a company of the calibre of Wywy Private Limited. AT&T has pioneered telecommunications technology for more than a century, and we continue to provide products and services that enable people all over the world
      706 words
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  • FOREIGN NEWS
    • Article
      Lock icon Asia-Pacific seeks success of Uruguay trade talks
      259 5 AFP TRADE NEGOTIATORS from 10 nations of the Asia-Pacific region have agreed on the need for successful completion of the Uruguay Round of multilateral trade talks, Japanese officials in Tokyo said yesterday. Agreement on the need for successful completion of the Uruguay Round
      AFP  -  259 words
    • Article
      Lock icon South Korea to open its markets to imports of tropical products
      272 5 FT SOUTH KOREA is opening up its market to imports of tropical products from developing countries in a trade-liberalising gesture of special significance to the Uruguay Round trade talks. The elimination of import barriers to goods such as coffee,
      FT  -  272 words
    • Article
      Lock icon Row flares again over 'dumping' of Japanese used cars in Australia
      235 5 AFP A ROW over the "dumping" of Japanese used cars in Australia has been re-ignited by the arrival of a fresh batch of about 1,100 vehicles in the Western Australian port of Fremantle. The Australian new car dealers' lobby
      AFP  -  235 words
    • Article
      Lock icon Common understanding of 'openness' needed:Indon minister
      296 5 AFP INDONESIA'S political parties and mass organisations should come to a shared understanding of what political openness means and how it should be applied, Coordinating Minister for Political and Security Affairs Sudomo said on Tuesday. Mr Sudomo said after meeting President Suharto in Jakarta
      AFP  -  296 words
    • Article
      Lock icon Dynamic decade ahead seen for KL electronics
      335 5 Bernama THE MALAYSIAN electronics industry can expect "a very bright future" in view of the country's favourable labour situation and continued political stability. Intel Technology Sdn Bhd's managing director PY Lai, in a paper presented at the International Conference on Microelectronics and Systems
      Bernama  -  335 words
    • Article
      Lock icon Johor accords equal treatment to all foreign investors
      261 5 Bernama JOHOR Chief Minister Tan Sri Haji Muhyiddin Yassin said the state government accorded equal treatment to all foreign investors irrespective of their countries of origin. The formation of the JohorSingapore Joint Business Committee at the end of March, he said in
      Bernama  -  261 words
    • Article
      Hawke launches agenda to help immigrants
      433 5  -  By JOHN THOMAS THE AUSTRALIAN Government, hurt by growing complaints of social discrimination from the country's recent immigrants, yesterday launched a national agenda to help make those already there, and those planning to go. more acceptable. One of the key measures, clearly aimed at
      433 words
    • Article
      Lock icon Economists see significant slowdown for US economy
      422 6 AVERAGE GROWTH OF 2pc EXPECTED FOR SECOND QUARTER Reuter GOVERNMENT data to be released this week are likely to confirm that US economic growth ts slowing significantly, economists say. ffMy expect a government report on gross national product, jfu9 to be released on
      Reuter  -  422 words
    • Article
      Lock icon Bush wins Stealth vote but loses on 'Star Wars' request
      435 6 Reuter PRESIDENT George Bush won a victory in the Senate on Tuesday with conditional approval of the costly radar-evading Stealth bomber, but the House of Representatives slashed his "Star Wars" anti-missile research request. The Senate approved by 98-1 Mr fiuSh's
      Reuter  -  435 words
    • Article
      Lock icon UK business confidence falls
      119 6 FT COMFIDENCE over the outlook for UK business has fallen to its lowest level for nearly seven years and manufacturers have reduced plans for investment, the Confederation of Industry said on Tuesday. CBI said its July quarterly Industrial trends survey pointed to slackening demand but retMvety
      FT  -  119 words
    • Article
      Lock icon US satellite company files US$1.5b anti-trust suit against Comsat Corp
      253 6 AP A US company on Tuesday filed a US$l.5 billion anti-trust suit against Comsat Corp, claiming it is fixing prices and blocking competition for international satellite communications services. Pan American Satellite of Greenwich, Connecticut, claimed the Communications Satellite Corp (Comsat),
      AP  -  253 words
    • Article
      Lock icon Lukewarm support for high tech plan
      167 6 AP A HIGH LEVEL US Commerce Department official has given lukewarm support to a plan to spend hundreds of millions of dollars developing new US technologies such as high-definition television. US Deputy Secretary of Commerce Thomas J Murrin said on Tuesday he supported the
      AP  -  167 words
    • Article, Illustration
      Lock icon Bush to extend steel import quotas
      441 6 AP PRESIDENT George Bush said on Tuesday that he will extend steel import quotas against 29 countries in an effort to spur negotiations on ending unfair trade practices abroad. He said he had directed US Trade Representative Carla Hills to negotiate a 30-month extension
      AP  -  441 words
    • Article
      Lock icon IBM announces first product with latest memory chip
      195 6 AP INTERNATIONAL Business Machines Corp on Tuesday became the first company to announce a product using a chip that holds four million bits of information at a time. IBM said its fourmegabit chip can store the equivalent of about 400 pages of
      AP  -  195 words
    • Article
      Lock icon Hitachi, TI in SRAM accord
      87 6 Reuter HITACHI Ltd has agreed to supply Texas Instruments Inc (Tl) with the technology to produce 256-kilobit static random access memory (SRAM) microchips, a Hitachi spokesman said. Under the accord. Tl will make the chips and market them under its own name. Hitachi will buy
      Reuter  -  87 words
    • Article
      Lock icon Judge agrees to set bail for Khashoggi at US$10 million
      138 6 Reuter A US JUDGE agreed on Tuesday to free Adnan Khaahoggi on US$lO million bail but prosecutors immediately said they would appeal in a bid to keep the millionaire arms dealer behind bars. Khashoggi, extradited from Switzerland last Wednesday, is
      Reuter  -  138 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      996 6 ARRIVALS Operator Sorvic* Local Front number tilIM AUC UL454 0030 CMS 9A SQ011 0040 LAX/NRT KAL KE697 0155 SR TMA T135IB 0430 BCY/SHJ/KUL SU SQ409 0520 MAA 1AC <555 0655 AAAA (XH LH788 0700 FRA/AUH su SQ407 0740 0& StA SQ023 0755 AAAS/ZRH SU SQ41 1 0800
      996 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      193 5 SOVEREIGN iV 1 1! 1 1 ii 1 11 11 ■V A THERE IS LITTLE WE CAN ADD. It is the true measure of a car's completeness when it is seen to combine engineering innovation, with a specification that has few peers. The Jaguar Sovereign is itself engineered to an
      193 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      61 6 and accessories will celebrate Summer with special discounts on selected items. Don't miss it. MANDM?I\IA DUCK MANDARIN A DUCK BOUTIQUE: #01 06, Delfi Orchard, Singapore 0923. Tt»l: *****65 lx*vel 2, Thugs Studio, Scotts Shopping Centre DAKS BOUTIQUE: Hilton International, Shopping Gallery, #02-13/14, 581 Orchard Fioad, Singapore 0923.Tfel *****01 FAQONN ABLE
      61 words
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      Page 6 Advertisements Column 2
      37 6 TV >»iin« fuiu'i dnior rrrry Tuesday, ThwWiVi Saturday lid Sunday. Lcnin| Cluafi Airpwt at ihOS Imti and arn*i*f HmlM* cn4y tW UV*M| ■omiog. Caff yvur Tnrci Agrnt or Air Cin*b M WtSSS. A BREATH OF FRESH AIR
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  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      68 6 Doonesbury THAT'S MRS.' OH.L excuse MB. UOLLHAVBTHB STEAK. BUT PONT kOMy ABOUT COOKIN6TT. UJHSNMY HUS&ANPG&TS HUNGRY, I'LL JUST SUP BACK AN P MAKBTT! v; N m SS i y.*. 4 K i I?°* f BY GARRY TRUDEAU ACTUALLY. MA'AM, UZ'P PRBFBR7D PRBPARB THZFOOP OURSBLVBS, NO, NO, I HAVSTOPO TT. MY
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  • COMMODITIES
    • Article
      RAS and MRELB
      295 7 RAS prices In 8 CMMg, FOB In tola NOON CLOSE Buyors 5etten Buyors Soilors Int 1 RSS Prompt 176.25 177.25 176.25 177.25N bit 1 RSS Aug 175.00 175.50 175.00 175 JON lr»f 1 RSS Sop 176-50 177.00 176 JO 177.00N Int 2 RSS Of 174.00 176.00N 173.75
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    • Article
      SSR and SMR
      88 7 (cm/kg) AUGUST 1989 SEPTEMBER 1989 (currant month) (forward month) RAS NOON NOON tuy«rt StHin Buyers S«4ltn SSR 20 149.00 151.00N 149 JO 151 JON ssa so 147.00 149.00N 147 JO 149 JON MRELB luy«ri *j t H»n twy«rt ScU^n SMR CV 228.50 230. SON 230.50 232.50N SMR
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    • Article
      Soybean
      201 7 CBT soybean futures closed US cent to seven cents a bushel lower on a weak note in Chicago on Tuesday due to forecasts for rains in the critical early August flowering stage of development. The decline set contract lows in September through May to keep the new crop chart
      201 words
    • Article
      London Markets
      274 7 London Commodity Exchange Buyer/Seller closing prices on July 25 (£/tonne unless specified). Previous closing prices in parenthesis. Coffee Basis in-storo London, sellers option OF London Jul 787/800 (798/803) High/Low 790/777 S*P 783/785 (797/798) High/Low 794/767 Solas (3240) Cocoa Jul 856/858 (853/856) High/Low 858/848 Sop 872/873 (863/864) High/Low 874/858
      274 words
    • Article
      Lock icon Rubber
      318 7 Reuter SINGAPORE: Rubber prices yesterday closed with pared gains with August One RSS buyer quoted at 175.00 cents a kg, up one cent from Tuesday's close. Dealers said prices drifted down from higher morning levels on a lack of interest in very quiet afternoon trading. On the TSR-20 Award
      Reuter  -  318 words
    • Article
      KL Tin
      131 7 CONTINUED short-covering hslped Km Kuala Lumpur Tin Marfcat prlca firm 32 cants to M 525.54 a kg at tha doaa yastorday. Tumovar Anally satttad Aa ...Hi, hiHtlnn at 90 lOfifmS wiui Duying again notod from Europaan, Japanaaa and local tradars. Tuaaday's disposal was 106 tonnaa. No rationing was
      131 words
    • Article
      Wheat
      190 7 CBT soft red winter (SRW) wheat futures eased from early highs to close mostly lower in Chicago on Tuesday, under pressure from continued slow export demand for US wheat and weakness in the nearby corn pit. Trade talk that two major commercials control the bulk of the SRW wheat
      190 words
    • Article
      Lock icon Crude Oil and Products
      135 7 Telerate FUEL OIL PRICES held steady in the Singapore market yesterday. Fundamentals continued to remain fairly balanced especially for 2nd-half Aug market. Sellers were at $93-4 mt FOB Sing with buyers at $92-3 mt. Bunker CST-180 market was relatively more active yesterday. The price idea was
      Telerate  -  135 words
    • Article
      Produce Prices
      195 7 Chinese Produce Exchange Sollors' noon doting prtcos on July 26 (S$/100 kg) Coconut oil Bulk FOB 102.00 Old drum FOB 112.00 Now drum FOB 116.00 Copra MJxod (looso) 58.00 tollers Pepper ii. .ku. munroH wnnw FOB NIW 485.00 Sarawak wNfo FOB faq NLW 475.00 Sarawak tpodal black FOB
      195 words
    • Article
      Palm Oil
      268 7 MALAYSIAN CRUDE PALM OIL FUTURES reacted sharply higher on the Kuala Lumpur Commodity Exchange yesterday, mainly on technical factors. The market opened lower in line with easier advices from the Chicago Board of Trade. But technical indications that the CBT's relative strength index (RSI) had dropped to 12
      268 words
    • Article
      Higher close
      329 7 MALAYSIAN CRUDE PALM OIL prices rebounded to close higher on covering and speculative buying yesterday, reflecting a similar trend in palm oil futures. The market had earlier extended its fall due to further losses in Chicago soyoil futures and absence of supportive fundamentals. Dealers attributed yesterday's rise to
      329 words
    • Article
      Precious Metals
      377 7 HONGKONG: Gold closed near its day low on selling by European and Japanese traders in the late session yesterday. Bearish sentiment encouraged selling, with most investors sidelined ahead of the releaae of US GNP figures today. Dealers expected gold to trade in a narrow US$37l to US$374 range
      377 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      5 7 On target CHARTPOINT every Saturday
      5 words
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      Page 7 Advertisements Column 2
      174 7 BaSassßißiSE v& ijsi tIEMES H ?r-'- -..vV-V The watch made for those whose targets aren't always found on sales charts. 44 r A.« *V-:' F7 U mjm. m* I v*s V SOLEAOENTA V t'L* L'T' I'M' E. SINGAPORE PTE LTD 435 Orchard Road #12-01 Wisma Atna S.ngapore 0923 Tel 235
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  • MONEY AND EXCHANGES
    • Article
      Lock icon Manila to study adoption of Mexico's debt deal
      289 8 AFP PHILIPPINE foreign-debt negotiators will be studying the debt agreement Mexico concluded with its commercial creditor banks to see if Manila could adopt a similar deal. "Certainly, we will be studying very carefully what it is that Mexico has gotten," President Corazon
      AFP  -  289 words
    • Article
      Forex markets
      1288 8 SINGAPORE: The US dollar closed mixed after fluctuating within narrow ranges for most of the day in quiet trading yesterday. It fell to 140.95/141.05 yen from New York's 141.45/55 yen close but rose to 1.8840/50 marks against 1.8820/30 marks. Dealers said late unwinding of long-mark/short-yen positions pushed the
      1,288 words
    • Article
      Lock icon Asian $ market
      295 8 Asian market Reuter ASIAN DOLLAR deposit rates yesterday ended at their opening levels, which were almost all unchanged from Tuesday's close. Trading was quiet the whole day as most operators were sidelined on lack of interest. The market is now focusing its attention on today's release of US preliminary second
      Reuter  -  295 words
    • Article
      Money markets
      62 8 THE OVERNIGHT rate on the Singapore money market fell 1/16 point to close at 5% per cent yesterday. Term rates were all unchanged at 514-5K per cent. S$ Interbank rates at the close yesterday: orm mo Ow' "•a* J i/l 3 IHM•*> S 1/4 S l/B 2-Momh 5
      62 words
    • Article
      Government Securities Market
      105 8 Treasury bills Period Issue Yesterday's closing Day's code Maturity bid offer HIGH LOW 3 months BQ*****N 19.10.89 3.82 3 77 3.89 3^5 6 months BS*****V 18.01.90 3.99 3.94 3.97 3.96 1 yaor BY*****F 24.05.90 4.14 4.09 4.12 4.12 Government notes and bonds Period Issue Maturity Coupon Yesterday's
      105 words
    • Article, Illustration
      World interest rates
      169 8 uhj priiTii >tfiair>9 rirtt or 12 nM|or banks In S'pora Interbank market rates (offer/bid) on July 26 us$ DM SWFC 7 doyt 13 IS/16 13/16 7-67/1 7J/I-J/I 3 3/16 3/16 1 m* 7/t 14 13 7/6 6 13/16 13/16 7 7/16 3/16 3 3/16 3/16 3 m*
      169 words
    • Article
      Options
      1239 8 CURRENCY FUTURES OPTIONS Wednesday, July 26, 1989 DEUTSCHE MARK (SIM EX) Sop 80 Hd Low 0o« topi Ht^l M put* Loot 1 ■ea 53 34 S3 71 54 136 JAPANESE YEN (SIMEX) 8*9 08 ceOo •op 88 puta Hlflfl Lw tot ►a* Low Soa 75 365 IMM Tuesday, My
      1,239 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      117 8 FOR THE NEW Companies make news because they make profits or losses for you. The Business Times' COMPANIES NEWS pages are very widely read. We reveal the latest deals in town, profile the movers and shakers behind them and summarise corporate events in the world's major markets. We give you
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      115 9 to shed some light on how a is saving you time. Singapore TSMecom Call us. We connect Our congratulation* to DBS Bank. For adopting the latest in digital and optical fibre technology that we call DigiNet. So they now take good yw jfcSS J* care of your savings while saving
      115 words
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  • BANKING AND FINANCE
    • Article, Illustration
      Lock icon NatWest chairman opts to go
      709 10 FT THE CHAIRMAN and three of the 10 executive directors of the National Westminster Bank, the UK's largest financial institution, resigned on Tuesday in the country's biggest financial scandal for many years. The resignations come after five days of mounting pressure on the bank following
      FT  -  709 words
    • Article
      Lock icon UK bank results seen overshadowed by LDC debt
      594 10 Reuter BRITAIN'S major banks this week begin to report half-year results which are overshadowed by a worsening outlook for less developed country (LDC) debt recovery and tighter competition in the domestic market. Most brokers are downgrading their forecasts to account for an
      Reuter  -  594 words
    • Article
      Jakarta paper company raising US$152m
      425 10  -  By SOH TIANG KENG,HONG LEE TIAM AN INDONESIAN paper and pulp company, P T Indah Kiat, is raising US$l52 million through a eight-year syndicated loan. About 50 banks, including several Singapore-based foreign banks, have been invited to join the loan syndicate. Banks from Indonesia, Japan
      425 words
    • Article
      Lock icon Japanese make a clean sweep of Top 10 slots
      304 10 Reuter FOR THE first time, the 10 largest banks in the world are all Japanese as an American and a French bank have fallen out of the top ranks, according to American Banker. Dai-tchi Kangyo Bank Ltd is Japan's and the
      Reuter  -  304 words
    • Article
      Piper Alpha accident to be platform of a talk
      128 10 LAST YEAR'S Piper Alpha accident, which led to the largest insurance payment in the marine insurance industry, will be the topic of a talk organised by the Risk and Insurance Management Association of Singapore next Monday. The talk by Mr Tom
      128 words
    • Article
      IMM
      117 10 IMM Tradtaq I on My 2S, 1M Opwi Mgh low S«n Vol Op/to DEUTS4 S.p 99 OK *9 SHEMAM J 301 5339 K 5330 5355 3392 5)06 5327 5349 ***** **0*3 eumoo Sip 19 OK *9 Oil AW *142 917* 9190 9195 9140 9175 914S 9193 •2041 *****9 JAP
      117 words
    • Article
      Lock icon Futures end higher
      180 10 Reuter IMM currency futures ended the day higher and near session peaks on Tueeday aa traders covered shorts in anticipation of lower US interest rates and sagging demand for dollars. The view that the US economy has slowed enough to warrant an easier credit policy haa fueled
      Reuter  -  180 words
    • Article
      Comex gold/silver futures
      165 10 Gold futures on July 25, 1989 100 troy OH* ounces: USS p«r troy our C* M* Lot MOa M 37X70 0-30 Awg 374.00 374.00 372.20 374.10 020 S^> 376.40 0 20 Oo 37*00 379.00 376.50 37*40 +oio Ok 382 70 3*3.50 3*2.60 0-20 M> 90 3*6.20 3*6.30
      165 words
    • Article
      Lock icon Japan starts talks on structural reform
      278 10 Reuter JAPAN has started discussions on a structural reform of its financial markata through the Securitiee Exchange Council. A Finance Ministry official said the basic rsssarch committee of the council, which is based in the Securities Bureau of the Finance Ministry, set up two
      Reuter  -  278 words
    • Article
      Lock icon Simex
      531 10 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened seven ticks higher than Tuesday s Simex close at 91.49 following a lower-than-expected 0.3 per cent rise in June durable goods orders. Perception that the US Federal Reserve is in ths process of easing credit policy supported prices. The September contract ranged
      BA Futures  -  531 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      114 10 FOR THE VIEWS OF FRIANCIAL EXPERTS <£ Changes in interest and exchange rates affect your business. BANKING FINANCE brings to you the views of experts in Singapore as well the other financial centres, from Hongkong and Tokyo to London and New York, on a sector which is getting more unpredictable
      114 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      385 11 i i I The Time lb Change Your Mind A T. K rm m > m I m. *<mm W 4* ■r 3MP! f-' 0T r.T *> 1-;.. I 4 V > A I n X >' *>•?£>• -i' XC Ull V i&M Mm I 1 > &sr-' A 'CsT
      385 words
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  • PERSPECTIVE
    • Article
      Keeping money out of politics
      485 12 BUSINESS TIMES THURSDAY, JULY 27, 1989 POLITICS IS an expensive business these days. It is clear that today, unlike during the hard, lean years of the *****, political machinery can no longer depend on the modest philanthropy of hawkers and shopkeepers for its operation and
      485 words
    • Article, Illustration
      Lock icon Peace fallout hits arms makers
      933 12  -  How are Canadian arms makers facing up to the outbreak of peace? PAUL GOPAL reports for BT from Ottawa PAUL GOPAL THE FALLOUT of world peace moves has hit several Canadian arms makers who, in an effort to survive, are diversifying into civilian commercial activity
      Source: Department of External Affairs, Canada  -  933 words
    • Article, Illustration
      Lock icon Resistance groups spurning diplomacy, may plan for fighting
      562 12 Reuter RESISTANCE groups are spurning diplomacy and planning to grab slices of Cambodia as bargaining chips when Vietnam pulls its troops out, now that a French peace plan is in shambles, diplomats said yesterday. The Vietnamese-backed government and Khmer Rouge-dominated resistance aborted
      Reuter  -  562 words
    • Article, Illustration
      Tel Aviv opts for freer market to nurse economic ills
      642 13 ISRAEL ISRAEL'S economy, its Achilles' heel, is in crisis. Sunday's twohour protest strike by two-thirds of the country's work force was significant. Real wages are not keeping up with inflation, and the labour force is getting restless. The standard of
      642 words
    • Article, Illustration
      Lock icon BSN: A young giant in a hurry
      1274 13 FRANCE NYT FRANCE'S largest food company, BSN Groupe, is making a name for itself as a young giant in a hurry as it jockeys for position in the unified, barrier-free market that the European Community envisions for 1992. In a whirlwind of deals
      NYT  -  1,274 words
    • Article, Illustration
      Lock icon Opposition resignation signals vitriolic election campaign ahead Opposition resignation signals vitriolic election campaign ahead
      531 13 INDIA Reuter INDIA's newly united opposition seems to have upstaged Prime Minister Rajiv Gandhi by resigning from parliament en masse and signalling the start of what could be a vitriolic election campaign. Parliament was due to
      Reuter  -  531 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      397 12 easier to ie charts Even the fruits of number-crunching can now be more appetising. Because information captured in colour is visually arresting. It highlights vital data and delivers greater impact. And now you can afford to. With Epson's versatile and highly user friendly 80 column LQB6O and 136 column LQIO6O
      397 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      35 12 RriStCMT: Diciene its 86-6-M NiCC. TrlXiN td you But i rnusT Ge: To coofck you pteani you're: holding vDQujn ft ReGULAf? JOe> > sp S \^MT r-2 UjMO£-V£R LJOULD HA.VS TMOuGM T IT •JS 5g 79»2
      35 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      85 13 FOR SUCCESSFUL MANAGEMENT OF YOUR DUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at successful
      85 words
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      Page 13 Advertisements Column 2
      197 13 ARE YOU A TOP-NOTCH EXECUTIVE? 'IlioStmits'fimos l\«% rts4 a Uw 7#%Ji*W friwi wxl nvmth MM I tf n iwiiM\ rnnl* Market rates for civil servants Ma<n COTipO'tonfs O' t*e Sdijry set xsr ws: potemmci, mn4 mi >M|lM Ml th» Mil- KM FOUR MONTHS AFTER THE ANNOUNCEMENTS, WHAT IS THE IMPACT?
      197 words
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  • HONGKONG: AT THE CROSSROADS
    • Article, Illustration
      JUNE 4: A blow to evolving hopes
      1353 14  -  By FOO CHOY PENG IN FEBRUARY this year, I dropped in at the office of the chief economist of a major bank. I was to interview him on the forthcoming Hongkong budget. He was in an effervescent mood, talking rather hopefully about the
      1,353 words
    • Article, Illustration
      Lock icon Flexibility: the key to competing better
      2562 15  -  THE PACIFIC CENTURY By DEAN SPINANGER Dr Dean Spinanger is also Senior Research Fellow at the Kiel Institute of World Economics ECONOMIC developments in Hongkong and in most other Pacific Rim countries were viewed quite optimistically till April this year. Growth rates of GDP
      Source: Compiled from official Japanese Statistics  -  2,562 words
    • Article
      Adopting a 'wait-and-see' attitude
      1288 16  -  PROPERTY ®y MICHAEL LAVEN DURING the first three months of 1989, several Hongkong-based multinationals seriously considered the possibility of relocating to Singapore. At that time, their motivation was the cost factor: tfongkong rents had risen by almost 100 per cent during 1988 4hd looked set for
      1,288 words
    • Article, Illustration
      Lock icon The best buys are in HK now
      746 16  -  STOCK MARKET ay KOH CHOY THE HONGKONG market is the best buy in the Far East though in the immediate term, the China turmoil has put many a brave investor out of action. But true contrarians would have made a killing as described
      Source: DBS Securities, HK Ltd  -  746 words
    • Article, Illustration
      Life after Tiananmen Square
      1760 17  -  POLITICS By JACKIE SAM THE ARTIST laid out four chamber pots in Victoria Park, Hongkong's largest urban park, and invited Sunday strollers to defecate into them. As the large crowd laughed and giggled away, he dropped his pants and accepted his own invitation. The chamber pots
      1,760 words
    • Article, Illustration
      Tough City, Tough People
      1820 18  -  LIFE FOR THE SINGLE EXPAT By MONICA GWEE THE TEMPERATURE is 34 degrees Centigrade with 85 per cent humidity. In the overcrowded MTR (Hongkong's underground system), I aim my umbrella tip at several ankles as the train halts. The door opens and my umbrella threatens the
      1,820 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      106 14 SPECIAL COORDINATOR: Foo Choy Peng. FOREIGN EDITOR: Aaad LatH. SUB-EDIJORS: Lee Lilian (coordinator), Pater Wong, Sammad Rajab. ARTISTS: Francia Tan, Ban Cruz. The shape of your success in Asia may depend on your banking partner. r > 4k m sn A ui r. I .4 a s 11 r» *»-w
      106 words
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      114 15 Chan Brothers Gives You Greater Value H O N G K O N G F D 6 Days Hong Kong Festival Delights Dep: 14/8,19/8.23/8,30/8,2/9, 61 £*00 \\o°* 4/9,9/9,13/9 V Specially Planned Meals: Grand Imperial Banquet, j Korean BBQ, Portugese Dinner, Vegetarian Lunch, Lei Yue SfftM Mun Seafood, Roast Pigeon, Cantonese
      114 words
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      Page 15 Advertisements Column 2
      19 15 FOR HOTEL AIRFARE CALL TEL: *****22 GEKWEE ASSOCIATES PTE LTD 268 ORCHARD ROAD 13-05 YEN SAN BUILDING SINGAPORE 0923
      19 words
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      Page 15 Advertisements Column 3
      31 15 TODAY'SBUSINESSOBSERVATION: We couldn't be more central to business. Hyatt TOUCH Hyatt Regency© hong Kong For reservations at over 150 hotels and resorts worldwide, call your travel planner or your nearest Hyatt.
      31 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      147 16 Some of Hong Kong's best properties are never advertised. Why? Because they are often sold before many people are even aware of their availability. At Richard Ellis, we identify opportunities. In fact, during the past 16 months we have sold or acquired for a wide range of international clients 26
      147 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      507 17 V 1 Celebrate the Fine Art of Eating The 1989 Hong Kong Food Festival 13 August to 13 September J J*. \C- Enjoying the best of the best Connoisseurs can look forward to some very special treats, high- lighted by the "Gourmet Dining in Hong Kong" programme. Introducing the award-winners
      507 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      82 18 Pre-flight check. Kai Tak Airport, Hong Kong. ARRIVE IN BETTER SHAPE. Because take-off is prompt and touch-down is precise. Because with a tough schedule ahead, rest assured your luggage isn't left behind. Because we have fourteen convenient flights each week direct to our home base in Hong Kong. Because only
      82 words
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  • Article, Illustration
    ADVERTISING & MARKETING Brand research option for BBDO's clients
    318 19  - ADVERTISING MARKETING Brand research option for BBDO's clients By GENEVIEVE CUA ADVERTISERS face an uphill climb in trying to lift their products above the pack of competitors, but agency BBDO is hoping to give clients an edge by putting its own market research techniques to work. BBDO Singapore will be
    318 words
  • Article, Illustration
    Asians star in Lux commercials
    244 19 LEVER BROTHERS will be embarking on a $1 million media blitz for Lux in which, for the first time, three well-known Asian faces will take centre stage at the same time. The company will be launching Lux's Skin Variant Collection which consists of soaps for
    244 words
  • Article, Illustration
    Singapore Telecom to employ fleet of 900 travelling promoters
    162 19 FROM this week, Singapore Telecom vans will be an advertising medium for the statutory (ward's products and services. A spokesman said the vans would "help the public to be more aware of our services". Pictured on the fleet will be Telecom
    162 words
  • Article, Illustration
    Benetton scents opportunities
    288 19  -  > V W. By SUZANNE SOH FROM colourful knitwear to tailored apparel, Italian fashion house Benetton is moving into the scent market. It will launch the Colors De Benetton perfume next month. Colors De Benetton is said to capture the essence, unity and universal spirit successfully marketed
    288 words
  • Article
    Sports shoes — local buying behaviour
    526 19  - Sports shoes local buying behaviour By SUZANNE SOH HAVING A spouse makes a difference to your shopping habits at least when it comes to buying sports shoes. Both married people and those who have not tied the knot buy sports shoes mainly from specialist shops, a recent Straits Times Press
    526 words
  • Article
    Brooks hates to be in competitors' shoes
    408 19 "WE'D hate to be in our competitors' shoes right now." That's the hard-hitting message that Brooks is, appropriately, using to sell its new range of shoes. The US-based compeny, Brooks Shoe Inc. believes that it has developed the ultimate in running shoes with
    408 words
  • Article
    Lock icon Dentsu Inc gains control of Fortune
    111 19 AFP JAPANESE advertising giant Dentsu Inc has acquired 68.7 per cent of Fortune Communications Holdings Ltd of Australia for an undisclosed sum, assuming control of two other companies. Dentsu said it would appoint Michiya Matsuoka, vice-presi-dent of its US subsidiary, to head the renamed
    AFP  -  111 words
  • Article
    Marketing: sell idea first to your sales force
    273 19 SELLING begins with the sales force, not the consumer. During difficult marketing campaigns, managers need first to sell the idea to the salespeople. The sales force cannot be expected to market an idea successfully when they themselves are unconvinced. This neglected aspect
    273 words
  • Article
    BT readers go for Nike: survey
    378 19 NIKE takes the lead with Business Times readers, with almost half naming it as the moat recent pair of sports shoes they purchased. It is also the most popular brand among readers of other newspapers. Twice as many BT readers choose Nike than do
    378 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      97 19 FOR WHO, WHAT, WHERE AND WHEN ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends in public relations, marketing
      97 words
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  • LIFESTYLE
    • Article, Illustration
      Enhancing ties between Italy and Singapore
      315 20  -  TOURISM b* HELEN CHANG MOST ITALIANS think of Singapore as a modern, efficient city, according to a spokesman from the Italian Embassy. But they will stilt be impressed by how clean and safe it is, he says. With a view to forging better ties
      315 words
    • Article
      Lock icon US discovering ethnic cuisine through immigrants
      642 21 FOOD NYT WHEN he fled Afghanistan in 1979, Mohammad Rouzyi was loathe to leave the slowcooked dishes of his homeland, like sherwa-eshamal-war, a fiery, dense soup, or yakhni pilau, a rice with chicken and lamb. But eight years ago, when he rolled a pushcart
      NYT  -  642 words
    • Article, Illustration
      Lock icon Confront a lobster – without using caveman tactics
      905 21 Confront a lobster without using caveman tactics NYT THE PROBLEM with lobster is rarely its flavour. Except for its spawning months (in the early summer), when its shell is soft and its flesh is weary, a properly cooked lobster is sweet and tender, rich and delicate, the apex of seafood,
      NYT  -  905 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      946 20 Where to entertain... Whet? to entertain... Where to entertain... Where to BAR The best live jazz in town Hours: 5.00 pm 2.00 am Level 3, The Westin Plaza Happy Hours Mon-Fri: 5.00 pm 8.00 pm The WfesriN Plaza Raffles City 2 Stamford Road. Singapore 1(617. Westin Hotels Resorts &ni\ A.
      946 words
    • Advertisement
      Page 20 Advertisements Column 2
      181 20 «j;L 11 Vi tin Join us as we come to the climax of the competition for Singapore's richest annual fashion and glamour event. Tickets for the Grand Finals at $90 nctt are available at the Mandarin Reservations Counter. J 1 (,K\\l> 1 I\ \1 s -A I I HI M
      181 words
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  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      210 21 entertain.. Happy Hours In The Park Our early evening Happy Hours at The Fountain Lounge are simply delightful For every drink you order you get the next one free. Plus, you get 25% off bottle purchases. And to make sure you 're totally happy, there's great music to listen to.
      210 words
  • Page 21 Miscellaneous
    • Miscellaneous
      Page 21 Miscellaneous Column 1
      635 21 CRYPTIC PUZZLE ACROSS 1 What to do in a hotted up car (6) 7 Shot away for a car trip (3, 5) 8 Seasonal diminution (4) 10 Prejudiced, as after I get into bed (6) 11 Superior woman's religious title lor a ship (6) 14 Nicotine extract inducing sleep? (3)
      635 words
    • Miscellaneous
      Page 21 Miscellaneous Column 2
      1307 21 TV and RADIO Till death do us part? t m M Michael Tucker and Jill Efcenberry In OUR CHOICE ASSAULT AND MATRIMONY, 10.35pm, SBC 5 An unhappily-married couple plot to get rid of each other. He wants to escape her nagging and she is frustrated because she blames him for
      1,307 words
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  • SPORTS
    • Article, Illustration
      A strong field expected
      461 22  -  TENNIS By A SURENDREN THE ENTRIES for the Honda-Kah Singapore Men's Open are said to be so good that the organisers are not disclosing those who have applied to play in the tournament at the Singapore Island Country Club from Aug 14-19. But they have given
      461 words
    • Article, Illustration
      Lock icon Rostagno, Chamberlin advance in Sovran Classic
      346 22 AP SEVENTH-SEEDED Derrick Rostagno fought through to a 7-6, 7-5 victory over Philip Johnson while Paul Chamberlin and Todd Witsken took straight-set decisions to advance into the third round of the Sovran Bank Classic in Washington. South African Gary Muller handed an early exit
      AP  -  346 words
    • Article
      Lock icon Edberg beats Lendl
      181 22 AFP SWEDEN'S Stefan Edberg beat world number one Ivan Lendl 6-4, 3-6, and 6-3 in an exhibition match in Taipei on Tuesday that appeared more entertaining than competitive for the two tennis greats. Edberg, apparently untired by a long-distance flight from Europe hours before play started, revelled
      AFP  -  181 words
    • Article
      Lock icon Cioffi defeats Vasquez
      84 22 AP SECOND SEED Halle Cioffi of Knoxville, Tennessee, defeated Pilar Vasquez of Lima, Peru, 4-6, 6-4, 6-3 in the second round of the US$2OO,OOO OTB International Tennis Tournament in New York on Tuesday. Top seed Gretchen Magers of Texas beat Lisa Green of California 6-3 in the
      AP  -  84 words
    • Article
      Lock icon Barcelona's stadium ready for 1992 Olympics
      356 22 OLYMPICS Reuter BARCELONA'S Montjuich Stadium, stage for athletics and the opening and closing ceremonies of the 1992 Olympics, was presented to the organisers on Tuesday, exactly three years before the Games open. In a ceremony held in the stadium, the Barcelona-92 Olympic Organising Committee
      Reuter  -  356 words
    • Article
      Lock icon Warr quits as Lotus team director
      251 22 MOTOR-RACING Reuter PETER WARR has left his position as team director of the struggling Lotus Formula One motor racing team. Lotus said on Tuesday. Warr took control of the team in partnership with chairman Fred Bushell after Lotus founder Colin Chapman died in 1962.
      Reuter  -  251 words
    • Article
      Lock icon Borg going out of business in Sweden
      560 22 AP FORMER TENNIS STAR Bjorn Borg, harried by apparent conflict with his partners, announced on Tuesday that he was going out of business in his native country. Borg said in a public statement that his Scandinavian business partners had rejected his offer to
      AP  -  560 words
    • Article, Illustration
      Lock icon Benn moving to US to boost title hopes
      294 22 BOXING AP NIGEL BENN, considered the top prospect in British boxing until an upset defeat in May by Michael Watson, said on Tuesday that he will move to the US in an effort to boost his world title hopes. The former Commonwealth
      AP  -  294 words
    • Article, Illustration
      Lock icon Boutaib wins 5,000 metres
      320 22 ATHLETICS AP MOROCCAN OLYMPIC 10.000metre champion Brahim Boutaib easily won the 5,000-metre race in a time of 13:12.10 at the Third International Track and Field Outdoor Teresa Herrera meet on Tuesday. He was followed by the winner of the Olympic 5,000-metre event, John Ngugi of Kenya,
      AP  -  320 words
    • Article
      Lock icon Aussies set to seal Ashes series
      359 22 CRICKET AFP AUSTRALIA is in the mood to snatch the Ashes from England in the fourth Test, which begins in Manchester today. The tourists, who last had their hands on the ancient urn six years ago, can seal the sixmatch series with a victory
      AFP  -  359 words
    • Article
      Lock icon Nashwan to try for hat-trick?
      116 22 HORSE-RACING Reuter DERBY and 2,000 guineas winner Nashwan may become the first British horse since Nijinsky to attempt to win three classics in one season. Nashwan's racing manager Angus Gold said in London on Tuesday that the Dick Hern colt could run in the St
      Reuter  -  116 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Wanted: local partner for Stanchart bid
      545 23  -  By MAGDALENE NG A NORTH American group looking for one or more Singapore partners with which to submit joint bids for the $832 million Standard Chartered Bank building will pay for the entire building. But certain conditions must be met. The local partner must
      545 words
    • Article
      Steamers' interim profits on target
      399 23 LISTED IN APRIL this year. Steamers Maritime Moldings Ltd is on target with its profit forecast at the half-way mark. For the six months ended June 30, 1989, Steamers Maritime achieved group after-tax profit of $4.21 million, marginally higher than half the forecast figure of
      399 words
    • Article
      Hwa Hong explains $164.5m warehouse divestment
      376 23 HWA HONG Corporation is proposing to use $72.3 million out of total proceeds of $164.5 million from the sale of Singapore Warehouse to reduce bank borrowings. At the same time, pending suitable investment opportunities, it will place the balance of $92.2 million in fixed
      376 words
    • Article
      COMPANY BRIEFS
      112 23 ASIATIC DEVELOPMENT Bhd through its subsidiary. Asiatic-Burnet Dipped Products Sdn Bhd, has signed an agreement to purchase the entire issued and paid-up capital of Mediglove Sdn Bhd for M 52.75 million in cash. Mediglove owns a glove factory situated in the Bangi industrial site which was commissioned early
      112 words
    • Article, Illustration
      Lum Chang gaining $40m from Kensington Park project
      588 23  -  SALES REVENUE COMES TO $70 MILLION By ROSIE TAN CONTRACTOR and property developer Lum Chang Holdings looks set to reap an estimated $40 million pre-tax profit from the recent sale of all but one unit in Kensington Park, a condominium project located
      588 words
    • Article, Illustration
      Lock icon No pressure from MPHB's debt: Kamunting
      394 23 Bernama. KAMUNTING CORPORATION Bhd (KCB), which is acquiring a 28.9-per-cent stake in Multi-Pur-pose Holdings Bhd (MPHB), is not under pressure from MPHB's Ms2so million debt, a company official said. Kamunting chief executive director Lim Thian Kiat said the borrowings were "not so much given
      Bernama.  -  394 words
    • Article
      Lock icon AMDB plans to build a M$120m hotel in KL
      285 23 Bernama ARAB-MALAYSIAN Development Bhd (AMDB) plans to build a hotel on a piece of land it owns in the centre of Kuala Lumpur. Managing director Azlan Hashim said yesterday that apart from the hotel. the group plans to build two blocks
      Bernama  -  285 words
    • Article
      DIVIDENDS ANNOUNCED
      467 23 Current Ci Books Dote Total tor Total lor payment (tela ctoaa payabta ttva yaar last yaar Alax Hldgs 6%<bl Aug 29 Sap 8 Sap 26 6% 6% Avimo I0%TEIII Oct 16 Oct 26 No. 15 I0%TI 25%TI B Sotnbowong 3S%I«I Jul 21 Aug 2 Aug 14 35%l«l 20%
      467 words
    • SES
      • Article, Illustration
        Local prices close lower following weakness abroad
        1125 24  -  by HERMAN PHUA WEAK share prices on both the yTokyo and Hongkong markets filtered through to the local bourse Murith share prices closing generally lower across the board. The Straits Times Industrials xxlndex closed 1.02 points easier at 1,370.35. In early morning trading,
        1,125 words
      • Article
        Unit trusts
        324 24 Managers' prices for July 27 Singapore Unit Trust Tin Commerce 1.17 1.24 The Sovmes Fund I.OS I II S'pore frog Fund 0.47 O.SI Spore Sec Fund 0.77 082 S'pore Invest Fund 083 088* S'pore Equity Fund 056 060 OCBC-SIMBL Investment Savers Capital Fund 1 07 I.I 1 Savers
        324 words
      • Article
        COMPANY MEETINGS
        45 24 BUKIT SEMBAWANG ESTATES LTD: 23rd AGM at the 19th Floor, OCBC Centre, 65 Chulia Street, Singapore 0104, tomorrow at noon. MALAYAN UNITED INDUSTRIES BERHAD: EGM at MUI Plaza Conference Centre, Ist Floor, MUI Plaza, Jalan P Ramlee, ***** Kuala Lumpur, tomorrow at 2.30pm
        45 words
      • Article
        SES SHARE INFORMATION
        6172 24 Tel Gr*a Gr*s 1M N Low Company Last Vol Day Last Qi note Dtv Dhr rid Net M Cap High Cod* Sato or(•000) nlQii Low Buyer I ■eller C'ot P/E SmM JUL 26 DEBENTURES, BONOS, LOANS 284 124 1 1543 CK Tang Wt 1990 245 3 18
        6,172 words
    • KLSE
      • Article, Illustration
        Lock icon KL prices ease broadly
        3538 25 MBT SHARE PRICES eased across a broad front on the Kuala Lumpur stock market yesterday in less active trading. Third-liners again dominated trading while blue chips were relatively quiet Save for some counters, losses were mostly below 10 sen. The market opened mixed to slightly higher
        MBT  -  3,538 words
    • REGIONAL MARKETS
      • Article
        Lock icon John Elliott lines up supporters for Elders bid
        618 26 Reuter ELDERS IXL Ltd chief executive John Elliott said he has arranged a panel of major banks and companies to back his offer for Elders. Mr Elliott said in a statement on Tuesday that Hongkong and Shanghai Banking Corp was leading the
        Reuter  -  618 words
      • Article, Illustration
        Lock icon Sharply higher
        551 26 Sydney Reuter THE AUSTRALIAN share market closed sharply higher yesterday on strong buying in leading stocks following the June quarter CPI rise of 2.4 per cent, dealers said. "The CPI figure was right in the slot and it combined with strong options and September share price index (SPI)
        Reuter  -  551 words
      • Article, Illustration
        Lock icon Mixed close
        516 26 Tokyo Reuter INVESTOR selling after a five-day rally pushed Tokyo share prices to a mixed close in heavy trading yesterday as the rotational buying of Tueeday and yesterday morning shifted to rotational profittaking. brokers said. Some selling programs by foreign brokers also weighed on prices. "The main news
        Reuter  -  516 words
      • Article, Illustration
        Prices end lower in light trade
        1346 26 Hongkong HONGKONG share prices ended lower yesterday as local traders took profits in light dealings, brokers said. The Hang Seng index fell 27.99 points to 2.489.03 and the broader-based Hong Kong index dipped 17.78 to 1.642.63. Turnover fell to HK5650.74 million from HKS694 47
        1,346 words
      • Article
        Lock icon Helenus confident of approval for NZ Steel purchase
        299 26 Reuter HELENUS Corp Ltd is confident of getting approval from New Zealand's antitrust body, the Commerce Commission, to buy New Zealand Steel Ltd (NZS). Helenus chairman Michael Walls said. This is in spite of the fact that Helenus is 31-per-cent-owned by Broken
        Reuter  -  299 words
      • Article
        Lock icon Taipei: Losses reversed
        371 26 Reuter THE Taiwanese stock index finished higher yesterday after a late-morning rise in the heavily weighted financial sector sparked moderate investor interest over a broad front dealers said. The weighted index rose 44.96 points, or 0.52 per cent, to close at 8,671.66 against Tuesday s 8,626.66. Rises
        Reuter  -  371 words
      • Article
        Lock icon Bangkok: Stocks advance
        215 26 Reuter THAI STOCKS advanced as there was speculative buying of hotel and commerce counters, brokers said. The SET Index gained 2.27 points to close at 628.09, a record high. Gains outnumbered losses 63 to 52. Most active were Royal Orchid Hotel, Padaeng Industry and Orien- tal Hotel.
        Reuter  -  215 words
      • Article
        Lock icon Seoul: Profit-taking
        166 26 Reuter SEOUL STOCKS fell yesterday on profit-taking and anticipation of political and social turmoil with the scheduled return of a student radical today from an illegal trip to North Korea, brokers said. The composite index closed at 897.05, down 2.05 points from Tuesday. Turnover was a moderate 279.2
        Reuter  -  166 words
      • Article
        Lock icon Manila: Strong rally
        189 26 Reuter MANILA stock prices staged a strong rally yesterday as foreigners led heavy buying, brokers said. "Foreign buyers stimulated the locals," said Kenneth See of Sun Hung Kai Securities Philippines Inc. The composite index gained 2.93 per cent to 1.111.21 points from Tuesday's 1,079.56. Analysts said Manila
        Reuter  -  189 words
      • Article
        Lock icon New Zealand: Recovery
        91 26 Reuter NEW ZEALAND share prices recovered from early weakness to finish 6.68 points higher on the Barclays Index at 1,960.28 yesterday. Brokers said a firmer New Zealand dollar against its Australian counterpart was behind initial selling. But Goodman Fielder Wattie and El- ders NZFP were well-bid in
        Reuter  -  91 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Narrowly mixed finish
        798 27 New York Reuter WALL STREET stocks closed narrowly mixed on Tuesday after a hectic session marked by bouts of program-relat-ed buying and selling, traders said. Strength in food stocks and takeover issues helped underpin the market, but weakness in technology shares weighed on stocks. "There were so
        Reuter  -  798 words
      • Article, Illustration
        Lock icon Equities open weaker
        942 27 London Reuter LONDON share prices were generally weaker in quiet business yesterday as the market awaited June UK balance of payments data, due at 1030 GMT. The data follows release on Tuesday of a gloomy third quarter survey from the Confederation of British Industry. The survey indicated
        Reuter  -  942 words
      • Article
        Selected indices
        112 27 HONGKONG Hongkong Index Wednesday 1X263 Tuesday 1.***** Week oflo 1.***** Hang Song Index Wednesday 2.489 03 Tuesday 2.***** Week ago 2.547 10 All Industrials Wednesday 2.589 4 Tuesday 2.5738 Week ogo 2.5324 NEW YORK Dow Jones Tuesday 2.***** Monday 2.584 98 Week ago 2.544 76 TOKYO Nikkei Average
        112 words
      • Article
        Lock icon Slightly lower earnings for Chevron and Mobil
        312 27 NYT MOBIL Corporation and Chevron Corp have both reported slightly lower earnings for the second quarter than they had a year ago, but each company said that after adjusting for special factors, the year's results were better than last year's. Philips Petroleum Co
        NYT  -  312 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1406 27 Reuter MILAN: Italian shares maintained opening gains to cloee higher yesterday in slightly better volume focused on the telecommunications and banking sectors, brokers said. The MIB index, up 0.5 per cent at midmorning, finished 12 points higher, or 1.07 per cent, to close at 1,129. Only textile
        Reuter  -  1,406 words
      • Article
        Lock icon Boeing still facing risk in delivery schedule
        488 27 Reuter BOEING CO. which earlier reported higher second quarter earnings in line with analysts' expectations, said it continues to (ace risk over delayed aircraft deliveries. Net was up largely on strong sales. The manufacturer of commercial aircraft pointed to "substantial risk" in the
        Reuter  -  488 words
  • Page 23 Advertisements
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      203 23 STEAMERS MARITIME HOLDINGS LIMITED (Incorporated in the Republic of Singapore) The Directors advise the following unaudited results of the Group and the Company for the six months ended 30 June 1989: COMPANY 1989 1988 GROUP 1989 1988 $000 000 $000 4,188 19,044 Steamers Maritime Holdings Limited ("Steamers") became an investment
      203 words
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      Page 23 Advertisements Column 2
      297 23 w V. Gerald genta r yrs/f/r Exclusively at I he Hour C,lass £T| FAR EAST LEVINGSTON ISV SHIPBUILDING LTD FELS (Incorporated in the Republic of Singapore) The Directors advise the following unaudited results of the Company and the Group for the six months ended 30 June 1989: COMPANY GROUP 1989
      297 words
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  • Page 26 Advertisements
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      374 26 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I TAN CHU LEK of No 19 J ALAN PELAWAN OFF CHUA CHU KANG RD 13'/ 2 m.s. Singapore (2264), have applied for a RETAIL BEER SHOP licence in respect of premises at M/s G.S. MINIMART SNACK BAR at Blk 424 BUKIT BATOK
      374 words
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      373 26 LOST SHARE CERTIFICATES The following Share Certificates/ together with the relevant signed transfer deeds Have been reported lost or destroyed:FIRST CAPITAL CORPORATION LTD Certificate No. In the name of No. of Shares ******58/9 Raffles Nominees Re Ltd 2x1.000 KEPPEL CORPORATION LIMITED *****6 Phua Kia Sim 1 x 250 *****0 Mdm
      373 words
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      Page 26 Advertisements Column 3
      310 26 THE COMPANIES ACT, CAP. 80 LAMTONG INVESTMENTS PRIVATE LIMITED (IN VOLUNTARY LIQUIDATION) AC an Extraordinary General Meeting of the Members of LAM TONG INVESTMENTS PRIVATE LIMITED duly convened and held at 101, Upper Cross Street #04-43, People's Park Centre, Singapore, 0106 on the 18th day of July 1988, the following
      310 words
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      Page 26 Advertisements Column 4
      9 26 Managers must manage. BT shows you how every Monday.
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      Page 27 Advertisements Column 1
      581 27 Va ulf International Bank^cd (Incorporated in Bahrain). As at 31.12.88 As at 31.12.87 ASSETS Cash and Due from Banks Money Market Instruments Placements Marketable Secunties Loans Customers' Liability on Acceptances Fixed Assets Other Assets Total Assets LIABILITIES Deposits at Call and Due to Banks Time Deposits Acceptances Outstanding Other Liabilities
      581 words
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  • Article
    S'pore stays among top most creditworthy nations
    543 28  -  REPUBLIC FAVOURED BY BERI DESPITE DEPENDENCE ON EXPORTS By ANNA TEO SINGAPORE will remain among the world s most creditworthy nations despite its heavy reliance on exports, recommends a country risk report that has rated the Republic a top-notch prime borrower over the
    543 words
  • Article
    Export growth expected to slow down, investment to remain strong
    431 28 EXPORT growth will slow this year but the strong inflows of foreign investment will continue, says Business Environment Risk Information of Singapore's economic outlook. In its economic and sociopolitical commentary, BERI's Forelend report a study of the credit risk of
    431 words
  • Article, Illustration
    Lock icon Warring Cambodians to resume peace talks
    497 28 AP AFP WARRING Cambodian factions will resume talks today to try to prepare for an international peace conference aimed at ending the decade-old conflict, Cambodian leader Prince Norodom Sihanouk announced in Paris yesterday. The talks broke down in acrimony on Tuesday. The prince said
    AP; AFP  -  497 words
  • Article
    Lock icon BHP plans to swap steel for Iranian crude oil
    186 28 Reuter AUSTRALIAN resources group the Broken Hill Proprietary Company Limited (BHP) plans to put its US$5O million steel trade with Iran on a barter swapping steel for Iranian crude oil. BHP Trading Services special projects manager Murray Jackson said on Wednesday
    Reuter  -  186 words
  • Article
    Lock icon China defiant on sanctions, will keep open-door policy
    550 28 Reuter CHINA said yesterday that it would not heed Western economic sanctions but would continue its open-door economic policy and not turn to the Soviet bloc. "We stress the principle of self-reliance. If other countries use loans to interfere in the internal
    Reuter  -  550 words
  • Article
    Lock icon Chinese dissidents planning worldwide protest day
    321 28 Reuter CHINESE STUDENTS in the West are planning a worldwide protest in September to mark 100 days since the military crackdown against Beijing's pro-democracy movement. Yan Jiaqi, one of the most wanted men in China, said on Tuesday night that a new exile group,
    Reuter  -  321 words
  • Article
    Lock icon Comex gold
    77 28 Reuter COMEX GOLD FUTURES backtracked into the minus column early yesterday after running into technical resistance at last week's highs. August gold posted a loss of US$O.6O at U*****.50 an ounce with the buying interest petering out at U*****.20 versus the breakout point of U*****.00. Analysts said the
    Reuter  -  77 words
  • Article
    Lock icon Thatcher's Cabinet in conflict: analysts
    250 28 AFP BRITISH Prime Minister Margaret Thatcher s new Cabinet is already wracked with internal tensions over the way the premier carried out her reorganisation, UK analysts said. Mrs Thatcher told the House of Commons that there would be no change of policy by her government.
    AFP  -  250 words
  • Article
    Lock icon Australia's Hooker Corp seeks provisional liquidator
    397 28 Reuter DEBT-BURDENED Australian property and retail group Hooker Corp Ltd has asked the Supreme Court of New South Wales to appoint a provisional liquidator. Hooker said the move was made necessary by the termination of a moratorium agreement by a task force of its
    Reuter  -  397 words
  • Article
    Lock icon Seoul trade surplus sags, experts call for devaluation of currency
    509 28 Reuter SOUTH KOREA'S trade surplus slumped dramatically in the first half of 1989, prompting calls for a currency devaluation and more corporate investment in high technology. Provisional central bank figures released by Seoul yesterday show the January-June trade surplus dwindled
    Reuter  -  509 words
  • LATE FILE
    • Article
      Lock icon Hongkong chief investor in China
      54 28 Reuter HONGKONG remained the leading foreign investor in China in the first half of 1969 with 2,175 projects with a contract value of US$l.6 billion. up from 1,623 worth U551,356 billion approved in first half 1968, the Ministry of Foreign Economic Relations and Trade said
      Reuter  -  54 words
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      Lock icon China announces more arrests
      32 28 Reuter CHINA rounded up more than 3,000 people in a recent sweep against political dissidents and common criminals, according to a newspaper report that reached Beijing yesterday. Reuter
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    • Article
      Lock icon Japan output likely to fall
      44 28 Reuter JAPAN'S manufacturing output is likely to fall a seasonally adjusted 0.8 per cent in July from the previous month but rise 4.4 per cent in August, an official of the Ministry of International Trade and Industry said. Reuter
      Reuter  -  44 words
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      Lock icon US construction outlook good
      34 28 Reuter AN earlier-than-expected decline in US interest rates is stimulating residential building and will improve total construction contracting for the year, according to a study by McGraw-Hill Information Services Co.
      Reuter  -  34 words
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      Lock icon Taiwan firms post high profits
      46 28 AFP PROFITS of Taiwan's staterun enterprises rose 4.95 per cent in 1968 from a year earlier to a record N7TMB billion (U554.56 billion), the Economics Ministry said yesterday. The figure was 35.47 per cent higher than official targets, the ministry said.
      AFP  -  46 words
    • Article
      Lock icon Keating supports tight policy
      57 28 Reuter TREASURER Paul Keating said that Australia's inflation rate was unsatisfactory and that tight fiscal, wages and monetary policy would be maintained. Consumer Price Index figures, released earlier, showed a 2.4 per cent rise in the second quarter, making an annual rate of 7.6 per cent
      Reuter  -  57 words
    • Article
      Lock icon London-Sydney non-stop flight
      30 28 Reuter A QANTAS 747-400 Jumbo jet will attempt to fly 17,850 km non-stop from London to Sydney next month, the longest flight by a commercial airliner. Reuter
      Reuter  -  30 words
    • Article
      Lock icon British trade deficit widens
      44 28 AP BRITAIN'S merchandise trade deficit widened to £1.89 billion in June, as the growth in imports outpaced exports, the government said yesterday. The seasonally-adjusted deficit compared with a £1.72-billion shortfall in May, the Department of Trade and Industry said. AP
      AP  -  44 words
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      132 28 We are seeking a motivated self-starter to join us as a TRAINEE INVESTMENT ANALYST The selected candidate is likely to possess a Bachelor's Degree, preferably in Accountancy or related discipline, strong writing skills, computer literacy and a capacity for hard work. Applicants should submit detailed resume with non-returnable photograph and
      132 words
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      Page 28 Advertisements Column 2
      187 28 The silver report was not available at press time ft The definitive, light weight Spocefrome System. Very attractive foe interior and exterior spoces lowering ceilings and > highlighting spec id display and exhibits Teomfrome h available in all coioon. using only 2 components no tools to install ■—Eyekne is #»e
      187 words
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  • SHIPPING TIMES
    • PORTSIDES
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        Lock icon Link between Iran and east Africa
        56 29 Reuter THE CARGO SHIP Iran SaJam has sailed for the Tanzanian port of Dares Salaam, launching a regular Iranian shipping service to east Africa, Teheran Radio reported. The radio, monitored in Nicosia, said the service was Iran's first regular maritime link with east Africa
        Reuter  -  56 words
      • Article
        Lock icon US embassy speaks up over row
        98 29 AFP THE US EMBASSY in Islamabad has intervened to help resolve a controversy over an American ship loaded with scrap intended for a firm owned by Pakistani's Prime Minister Benazir Bhutto's main rival, Nawaz Sharif. An embassy official said on Tuesday that the US
        AFP  -  98 words
      • Article
        Lock icon Oil spill drill in Moluccan Sea
        89 29 AFP INDONESIA and the Philippines began a threeday joint exercise on Tuesday in fighting oil spills at sea. The joint exercise was aimed at combatting accidents at sea resulting in major oil leaks, Indonesia's official Antara news agency quoted North Sulawesi governor Rantung as
        AFP  -  89 words
      • Article
        Lock icon Oil exploration in Caspian Sea
        71 29 Reuter IRAN has begun a US$64 million, 40-month oil exploration project in the Caspian Sea. The Iranian news agency Irna quoted an Oil Ministry newsletter as saying the project would include facilities to build floating drilling rigs. It quoted Oil Minister Gholamreza Aqazadeh as saying
        Reuter  -  71 words
      • Article
        Lock icon Rescue attempts postponed
        82 29 AFP ATTEMPTS to free a small tanker aground on a beach south of Sydney were abandoned yesterday until the weekend. A Maritime Services ttoard spokesman said salvagers had engaged a heavy tug from Brisbane to help free the 3,000Sonne bulk liquid carrier Kouris, stranded since •arly Tuesday.
        AFP  -  82 words
    • Article
      Lock icon Italthai seeking partner for Thai shipyard venture
      151 29 Bangkok Post ITALTHAI MARINE CO is expected to contest the 30-year concession to operate a shipyard at the Laem Chabang deepsea port. Managing director Premchai Karnasutr said the company was now looking for a foreign partner to form a joint venture in bidding
      Bangkok Post  -  151 words
    • Article
      Index to advertisers
      854 29 ABC Contoinerline XI 5 Accord Shpg VIII 3/4 Arrow lines XI 5 ANl III 1/2 A PC lin« VII 5 API V 3-5 ASCI V 1 Austrosia Una VII 1 Bait-Canada line IX 4/5 Bolt-Orient line IX 4/5 Baltic Orient Shpg XI 4 Bangladesh Shpg VH 2
      854 words
    • Article
      FEFC lines seeing keener competition in FE-Europe trade
      668 29  -  NEW POLICING BODY TO BE INTRODUCED ONCE NEW TARIFFS ARE IN PLACE By LINDA CHEE MEMBERS of the Far Eastern Freight Conference (FEFC) are having a tough time in the Far EastEurope trade following a tremendous increase in new tonnage since early
      668 words
    • Article
      Moves to ease congestion at Penang
      318 29  -  By G DURAIRAJ THE PENANG PORT Commission has taken steps to solve the recurrent problem of congestion at its bulk cargo terminal which is due largely to high growth in bulk cargo traffic. The commission has proposed erecting a dolphin berth north of Berth
      318 words
    • Article
      Lock icon New twist to dispute over offshore drilling in US
      338 29 NYT A DECADE-LONG CONTEST over offshore oil drilling erupted anew on Tuesday when a US Senate committee voted to keep tankers out of areas where drilling and other oil activity is banned. Because prohibitions on drilling apply to most of the
      NYT  -  338 words
    • Article
      Cargo volume at Rotterdam up 3.6pc in first half
      109 29 CARGO VOLUME at the port of Rotterdam rose to 68.4 million tonnes in the first half of this year, up 3.6 per cent from the corresponding period last year. As expected, however, the sterling performance seen in the last quarter of
      109 words
    • Article
      ICTSI allowed to operate Manila container terminal
      281 29 By AL O LABITA Jr, writing for BT from Manila THE CONTROVERSY over the operation of the Manila International Container Terminal (MICT) by a private entity is over. Last Friday, the Philippine Supreme Court handed down a decision sustaining the awarding by the
      281 words
    • Article, Illustration
      Lock icon Slippery road for oils trade
      922 30 CONTAMINATION RULES RAISE NEW QUESTIONS FOR TANKER OWNERS Lloyd's List New and more stringent rules concerning the transhipment of edible oils have been introduced by the Federation of Oils, Seeds and Fats Associations (Fosfa). The new rules, which goes into effect this month, state that
      Lloyd's List  -  922 words
    • Article, Illustration
      Lock icon Panama Canal shows US$6.1m deficit
      365 30 Reuter A DROP in revenues and higher operating costs have saddled the Panama Canal with the largest monthly deficit in its 75-year history, American sources disclosed on Tuesday. They said the canal was US$6.l million over budget last month, leaving it with an operating deficit,
      Reuter  -  365 words
    • Article
      Shipping events
      543 30 Aug 14-26 Manila-based Asian Institute of Management (AIM) will conduct its third sea transport course for Asia's maritime managers. The course, designed for those involved in the management of shipping companies and maritime operations, will impart a comprehensive and critical managerial overview of the International merchant shipping as
      543 words
    • Article
      World Maritime University to appeal for financial help
      392 30 AN INTERNATIONAL appeal for financial aid on behalf of the World Maritime University (WMU) is to be launched on World Maritime Day on Sep 21. Mr C P Srivastava, secretarygeneral of the International Maritime Organisation (IMO) and chancellor of the university, said:
      392 words
    • Article
      Courses for MSc degree
      162 30 THE UNIVERSITY offers two-year courses leading to MSc qualifications in seven subjects. They are: General Maritime Administration Ports and Shipping Administration Maritime Safety Administration (Nautical) Maritime Safety Administration (Marine Engineering) Maritime Education and Training (Nautical) Maritime Education and Training (Marine Engineering) and Technical Management of Shipping
      162 words
    • Article
      Lock icon Expert sees big Asian connection in Canada's trade
      210 30 The Journal of Commerce THE FAR EAST will become the main engine of growth for Canada's maritime trade in both dry bulk and containerised cargo over the next five years, a US transportation economist says. Far Eastern economies would be growing at
      The Journal of Commerce  -  210 words
    • Article
      Container schedules/ships in port
      1549 30 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Transtalnor Schodulos Bfc Op Gdn Oat«/T1m« Tim# From Tkn« To Booking 3ate Al Shomioh 66A 28.07.89 1400 27/2015 27/2100 NA 2 N3 00 F05 Aleksondr Og IQA89 2807.89 0700 27/2100 27/2130 NA 2 N3 00
      1,549 words
    • Article
      Lock icon Divided views on tanker market outlook
      256 31 Reuter THE TANKER MARKET remains as disparate as ever with owners and charterers divided on oil supply outlook for the second half of this year, tanker broker E A Gibson said In its weekly review. Owners confidently predicted the second half of the year
      Reuter  -  256 words
    • Article
      London Freights
      1021 31 RECENT speculation that freight rates may have bottomed out after the recent seasonal decline may prove correct with a firm rate reported fixed on Tuesday for grain on the influential US Gulf/Japan route, brokers said. A rate of US$2l was reported fixed for this trip, up SO cents
      1,021 words
    • Article
      SHIPPING LIST where your ships are due...and when
      5513 38 AARHUS (Mm Bay. Triot. July 27 FYoeper, Triot, July 27(PK>. Arthur Maarak. Maarak Una. July 27. Noraaia Sh*rt*h. Noraaia Lina. July 28. Kang H*. Chin* Oc**n Shpg. July Ming Proapartty. Yang Ming. July 29. Evar Oivan, Evargraan. July 30. Nad O*M, ScanOutcht.
      5,513 words
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      27 29 A lively way with words AtmHbh at af good bookshop* r advertising and circulation enquiries, please call Business Times, I: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
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      19 29 Lines and services represented by Members of the Registry of Accredited (?!f/jSiiM Shipping Agents. Singapore National V^EaffeJ Shipping Association
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      Page 29 Advertisements Column 3
      330 29 IKTERMAMRE SIPFLT CI (PTE) LTI T«fc *****33 (6 Nam) The MCCO R*****S Fax 2*8441 SIBCON'B9 ASIA PACIFIC GROWTH: IMPACT ON THE BUNKER TRADE 7 8 September, 1989 Raffles City Convention Centre, Singapore The Asia Pacific region has been hailed by many as the fastest growing economic frontier in the world
      330 words
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      Page 29 Advertisements Column 4
      136 29 New rules may raise rates WHILE the new Fosfa rules on shipment of oils and fats might improve the shipment of oil cargoes and tighten the standards of cargo testing and tank surveying, there is likely to be a drop in the number of ship tanks available to carry Fosfa
      136 words
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      63 30 NOTICE I a M.V "DOS ORIENTS" VOY. 1 ARRIVED SINGAPORE on 15.07J9 Consignees of all damaged carvoee ex the captioned »eeMl la hereby notified that a General Surrey will be held on the awh July (Friday) at Keppel Wharves K it from 0900 hr» 1300 hra. w No further lurvey
      63 words
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      1281 31 OOCL rf|j PESAKA JAROINE SHIPPING AGENCIES SON BHD ■f-v j. y+i PORT KELANG TEL *****18 Tele. No MA***** MA39M I/cdicalcd b C/MtiliJy jcivuv. ■MinßlJN| penang iel ww telex no mmoo?] cfs tel *****6 JAROINE SHIPPING AGENCIES -TJO CjHoomfn: ROJJ #12 05 Southponr S»>upo'f iXX* Tet ::H0!1 TEUX NO RS *****
      1,281 words
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      Page 31 Advertisements Column 2
      1076 31 -#1 MAERSK LINE DESTINATIONS *POfl 8 8 IS laS I™ I'M laS 1515 IS I 2 IJS 5£a~SS S S S i a •s Ts Sa 3 »lis &s S 20/7 4* n/a 17/8 IM 24/8 25/8 31/8 3* 7/9 9* 14/9 16/9 ►Seder by M Kobe 4 M Tauro
      1,076 words
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      689 32 Page IV i U Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT PROSPER OSAKA BAY TOLAGA BAY FRANKFURT EXPRESS HEIDELBERG EXPRESS KOWLOON BAY ALASKA MARU MONTE ROSA P KELANG SOUTHAMPTON 28H 15/8 HAMBURG BREMERHAVEN ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST. DUBLIN COPENHAGEN, AARHUS. GOTHENBURG, MALMO, HELSINKI OSLO AMSTERDAM, CARIBBEAN S.
      689 words
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      Page 32 Advertisements Column 2
      354 32 r- COLUMBUS LINE REEOEREI GMBH a SERVICE Of HAMBURG SUt)i EXPRESS SE Ml CONTAINER SERVICE TO S'PONE ROM/A DAM HBG HULL (U.K.) 14* 12/9 11/! A/i 20fl ***** 21,10 25/10 13/10 101 13/11 17/11 li S3 ac SM' II I V REGULAR SEMI-CONTAINER SERVICE COCOMC KMT LOUIS. REUNION TMMTMt DURBAN
      354 words
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      Page 32 Advertisements Column 3
      627 32 t Mil IxN 27* 2M lM 11/9 regular independent full container service TO EUROPE (VIA FEEDER) NORASIA SHARJAH 1918-3 up SJ g« ME TOT ANT LEN f NOR ASIA MUBARAK 1919-3 2/J m ij 52 22 21* 27/« 2^« sa??^: 500 1 jg 1 3 s jj S JWSSS3S.- <«—■
      627 words
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      565 33 Steamers Maritime Holdings Ltd W<|i P&O Iwront Containers CONTAINER SERVICE TO uk coru r,>' r STRAITS SHIPPING KQASUS PROGBESS VSMft B-B A* 4MI Ami ROTA BMVAB VJ7N 84-04 Aug M Aug BANGKOK r BORNEO AGENCIES LTD. BANGKOK TEL *****80 CONTAINERSHIP SERVICE FROM UK CCNDNFM" '*f»¥" Mil**' J.\.nlw.nl'l ■HITAM KUT VIX
      565 words
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      Page 33 Advertisements Column 2
      781 33 run VAMP I IMC WEEKLY EXPRESS INDEPENDENT UnU TANu Lint far east/europe fully containerised service QiiTl'llL' IK CHO n* HANJIN ROTTIMMI OH CHOYANC CHANCC MM NMUIH LUWUm Hi QUCEN'SWAY MtOGE tOK Ld| for MK/KAO/KOOf/YOKO/tUSAN AVN cmm i, OMI'ANiA ANONIMA VI Nl< OIANA Of NAU(,4 lON NAT lON A V UNt
      781 words
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      Page 33 Advertisements Column 3
      295 33 Sun Hup Co (Pte) f td IMLintermaritime SOUTHERN AFRICA SERVICE •Alto calls E L I H GENERAL AGENTS: NAI SUN HUP CO. (PTE) LTD POWT_K£LAWC HOT A KINABALU TEL 20W KUAU LUMPUR tel xvm JAKARTA TEL CHOI J (FOREST PRODUCTS SERVICE) T HANI KK SP PK LOADING FOB: FUJI ANGEL
      295 words
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      541 34 7 T Til sinose MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES TT' Singapore Loading for: WAN TEYFOURI PJL7O7 SID KYOWA LINE MTHOOUCMO KYOWA FAST DIRECT B/BULK/COMTAMCR amvicc from spore/pk to guam/sapan and NMCHONCBIA PORTS* ETA STONE LOAD FOR'SPARKLE' ETA 31 AUG H GUAM. SAIPAN AND yironunil DAOTC* MICRONESIA
      541 words
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      Page 34 Advertisements Column 2
      561 34 (ft HANJIN SHIPPING FULL CONTAINER SERVICE I TO EUROPE VIA SUEZ TO USA PACIFIC SOUTH WEST TO FAR EAST PORTS TO PACIFIC NORTH WEST CANADA feeder va. CHOYANC CMANCI MH HANJIN HASAN MK HANJIN U MAVRI MK m T/S AT HM OR PUSAN SIN LINE NAM. Mf7 N CARRIER MK
      561 words
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      Page 34 Advertisements Column 3
      99 34 INTEROCEAN UNE 78, 2nd Floor. J a tan 2/71, Taman Tun Or. Ismail, ***** KL. Tal: *****34, ******4, *****24 TLX. NO. MA-37M3 FAX: 03-*****11 Panang Oft Tal: *****7, 3*0402 ACCEPTING CARGOES FOR THE FOLLOWING PORTS GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SCXjTHf UN L*e «EGULA» I<NE« SE»VCES ;*»»NlO«Tl.r SAIL»»Gi «ONG
      99 words
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      Page 34 Advertisements Column 4
      845 34 r n EVERGREEN Round-The-World East Bound fFE/CARIB/USEC/EURO/FE) PKL SGP HKC KSG KLC PUS EVER GOVUN 3*7 3*o MM MM 1M evu garden am mm i*oo um um am EVER GROWTH 14M ISM OM nm B*o a*o W EVER grano 21 n mm an mm mm W ever gifted am am
      845 words
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      684 35 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES BELAWAN/STRAITS [BANGKOK VOY SM SLW PEN PKL SM Mll SM IN PI 38/7 30/7 31/7 8813 SI/7 M M M M SSI 3 7/8 M 10/S IM ism QINGDAO SM NKQ XM M M IM
      684 words
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      Page 35 Advertisements Column 2
      383 35 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAH rHAVtH I'OM HAWK STOW P.UAMC !KM FOR TASMAN ASIA SHIPPING 'il 'I SIN MAIN LINE (TS) HKG NOUMEA SUVA AKL NAP TW 11/1 TX VOYAGER KM- 15/S 20*9 23/» 28/9 25/J TA NAVIGATOR SS 5/» 2/10
      383 words
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      Page 35 Advertisements Column 3
      301 35 Tl HBURb MOKN SPORt AHTWCRP VS4.VOY 'ARAJIMWB (icCtPTIHC COWVINTtOWAL AM COWTAINtttSID CARGO) X&im'Smunmu.H* m COKTAIHIKISCD CARQO) CONTAINERISED CARCO) pon Btw. pon ANimwii, uvnoc. invm. ALSO ACCOTIKC tOTM CONTAMOI CONWKTKMAL CARGO VIA T/S TO UK POm NULL LI KAVKC. OSLO. COPWKAttK, AARHUS. n iij DJAKARTA LLOYD <A MEMBER OE ANRCM H
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      Page 35 Advertisements Column 4
      238 35 SHIPPING AGENCIES MYANMA FIVE STAR LINE (Burmese National Line) Loading for Rangoon THE BANK UNE LYDEBANK V2SH 14/1 AMAITAI SAMOA VUN 20/1 ORTHBANK V2SM 13/1 KWATMMKVUS Sporo ta (CALLING KMK DIRECT) COUMBUS NIUGINI VB Sport 1M PMC ports: PORT MORESSY/LAE/RABAUL) ALOTAU. ONOOAY, RWAK, KAVKNG. KICTA, WNIAAA. lAOANG XEPTING LCL FOR
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      Page 36 Advertisements Column 1
      777 36 Kline In \W \S \l\l KISI K MSI IA I II) RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH OOCL FRIENDSHIP N. AMERICA-ATLANTIC COAST VOY 'IN DO 19 24/7 RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH OOCL FRIENOSHIP FEEDER VESSEL RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH OOCL FRIENOSHIP N. AMERICA PAORC SOUTH-WEST VOY
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      Page 36 Advertisements Column 2
      545 36 MUMS 44 TKSIOAS 143 KAUOAS *45 TUISIOAS 44 Tram* turn Sm AUSTRALIA EXPRESS CONTAINER SERVICE Accepting FCUFCL C«nWMra Sinptirn P.Mmi Ptnani LndM| tar. Mot)w <ht Br fmtm »r fmdm M 17 Aut 11 Ami U Ami Frw*MMSf*l/A«< '43 7 S«0 I S«pt 1 S*pt Fr«n/IMb/Sf*/AM| 45 2 Oct 27 Oct
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      Page 36 Advertisements Column 3
      343 36 r GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23 T*k>» kftt Sir**) SINCAPOfff 01M TIL WIN (10 UNCS) Fu UUSM STR Al TS/PERSI AN GULF SERVICE: S'por. p. GOLOCN HAVEN Catanta/Hif «*i/Dub»r U Aufu.t GOLKN KM CdeeeeflUrecNOMbe HPt August Ketonj Penanf CHI HA SERVICE Ml VUN SHAN HuM(pa/SliM|lai CHINA OCEAN
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      Page 36 Advertisements Column 4
      468 36 PHILI-ORIENT LINES PTE LTD HtfiDOf' c! '08 ROBINSON ROAT iMg Bi'itD'NG Singapore R:> 2&'2 r PHiLi fA OST/HM Hnnun I ETA SINGAPORE |D£STIMAT|6N~ *u. DOHA, MUSCAT BAHRAII ABU DHABI 4 SMARJAH JiV'TiMl N. GENLORD 12V east/war ah im MAMAS, CALCUTTA CMITTAQONC mm. Fa i La amci BOMIPU* DARESSALAM ASSAB BEIRA,
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      Page 37 Advertisements Column 1
      673 37 NEFIME SON BHD R Lumpur Psnsns *****33 *****5 S27WO NEPTUNE ORIENT LINES LTD TO-EUROPE UK (VIA SUEZ) FM VSL/VOY PSN PKG SGP MOTH KB VBL/VOY Perkaaa 868 25/07 27/07 28/07 N. Ruby 5W Perkaaa 86S 01/08 03/08 04/08 O Hope 1W Perkaaa 87S 08/08 10/08 11/08 N. Bridge 1W Perkaaa
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      Page 37 Advertisements Column 2
      114 37 I@> PAN OCEAN t/jAf) SHIPPING COMPANY LTD REGULAR CONVENTIONAL SERVICES Spore BALISA AGENCY PTE LTD 3C Ma f ne p *"3Ce °'3-0' 02 Pa r «Aa. p a r 3oe '544 T ee» ***** BA,jSA Po r Book ngs T e <8 mes P Kelang BAHTERA LAUT SDN BHD "e
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      Page 37 Advertisements Column 3
      73 37 sF Specargo AIRFREIGHTING PROBLEMS" 1 CALL US" TEL 34->4J:» FAR EAST SOUTH ASIA FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/ SEMARANG/PANJANG/CIGADING/ BENGKULU SERVICES FROM SINGAPORE TO PADANG PERITA MAS ETA 281?® ETD 30/7® Daily receiving carp at PPW/Jurong Poft/Marma/Semba*ang Perita Shpg Trdg P L Tel No S33SS2S Tl«: 42*2
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      Page 37 Advertisements Column 4
      768 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: "220C41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** IsftSSl* STSTBI CO SON. MO Cattoi lAYAPOM PENANG, Tat: &Z2944/622Mfc Tataa MA 400(1 No 14 Jatan CumMl
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      Page 38 Advertisements Column 1
      206 38 DSR-LINES INTEGRATED CONTAINER SERVICE Nona OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE ICA ANT ROM HBC RST n 1 i innnnppi IHA LAMACA: ACCEPTING CARfiO FOR UMASSOL, BEIRUT, LATTAKIA, ALEXANDRIA, PORT SAID, PIRAEUS, THESSAIOWKI. IZMIR. MERSIN, ISTANBUL TO COLOMBO t INDIAN SUB-CONTINENT u D 3 H M TO
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      Page 38 Advertisements Column 2
      188 38 E SANWA LINE FULLY CNNTAINENKEI DWECT SEIVICE STIAfTS/NSKKOM/TAIWAN/JAPAN PORT KLANC AGENT INTEGRATED FORWARDING SHIPPING SON BHD. TEL: *****04 FAX: *****49 if KIE kwan %mnm m SIN. M Mu 71 No ft A JALAN BERANGAN PORT KEIANC SELANGOR MALAYSIA V" T(i Noi *88/87, *89l«. KBO/W. KBOI/7 w FAX NMO9/ W MALAYSIA/S
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      Page 38 Advertisements Column 3
      190 38 IU I. REGIONAL CONTAINER LINE' ASEAN PORTS BANGKOK s sailings a week itmm Hock Amm Co LM BKK (Tel: VESSEL W7 a/7 I frt L •'i.Ml.'.", P.KELANG DASWANI Sdn Bhd PENANG i». ifTTii. "'lij v\ 3 SAILINGS A WEEK Pkl (Tel: *****59) -2 SAILINGS A WEEK JAKARTA 2 SAILINGS A
      190 words
  • Page 38 Miscellaneous
    • Miscellaneous
      Page 38 Miscellaneous Column 1
      154 38 V. Regional Weather a m fc <: s ft a r I 1 Va I 3! I 1 A feiS SIGNIFICANT WEATHER AND SEA CONDfTIONS AT 7.30 A.M. July 27. IMt R Thunderstorm Temperature c X\ A y >ow#r Weoitw Wod drccnoo with tpeed»knot* *«n W Cloudy Sky Wo h
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      Page 39 Advertisements Column 1
      431 39 n UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 n IRAQI LINE IRAQI STATE ENTERPRISE fOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR 3/S Iraq/Japan THROUGH B/ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA ft BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA LOADING
      431 words
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      Page 39 Advertisements Column 2
      344 39 Iffll k| RICHFIELD MARINE AGENCIES (S) PTE LTD TEL *****33 (10 Lines) FAX 225H15 TELEX RS ***** RISMIP (3 Lmest mrm T "IT I km o» EtMopift) ACCEPTING FCL AND CONVENTIONAL P6N/PKO ETA SPORE NETSANET WB VOY ISWB OAAESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA. HOOEIOAH Other ports along the route workable
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      Page 39 Advertisements Column 3
      671 39 SIGMA EXPRESS (S) PTE LTD TEL: *****44 FAX: *****75 ACCEPTING CARGOES FOR: BANGKOK 30/7 BUS AN 31/7 BOMBAY 31/7 COLOMBO 31/7 HONGKONG 30/7 MUARA/LABUAN/KK 30/7 KUCHING/SIBU 4/8 TOKYO/YOKO/KOBE 2/8 LE HAVRE/HAMBURG 29/7 FELIXSTOWE/R'DAM 29/7 KEELUNG/KAOSHIUNG 30/7 FREMANTLE 29/7 SYDNEY/MELBOURNE 30/7 DURBAN 2/8 m v CRYSTAL FREIGH Lr SERVICES PTE LTD
      671 words
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      Page 39 Advertisements Column 4
      191 39 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE a.7 3*7 2* 31/7 W 2* W M IS* Jt 1M 15* U* is* 22* 22* 24* 2M 21* 119 *d 17* U* n* RORO ft LOLO SERVICES ALL LCL/FCL ACCEPTABLE FOR COMPETTTIVE LCL RATE CONTACT ANWAR CONTACT PERSONS :MR ROBERT
      191 words
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      Page 39 Advertisements Column 5
      63 39 FARGO SHIPPING Tel:884 012S REGULAR EXPRESS FCL LCL SERVICE ABC CONTAINERLINE N V. TO AUSTRALIA/NEW ZEALAND vs. L NUOW a SUSP—'" TO USA/CANADA L_ '■Ll.a.' rTrwr If DATS FROM FOS/MAASUUJ FRO* USA/CANADA/EUROPE/MEDITERRANEAN M L HUOK BRUSSEL c. vwou* ANTWERKN MS, W AGENTS FAMGO SHPMC comurr (PTE.) LTD. IS. HOE CHIANG
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      Page 40 Advertisements Column 1
      944 40 I I n» TO PSW HYUNDAI PIONEER LALANOIA MYUKOAJ CHALLENGER HYUNDAI INNOVATOR HYUNOAI EXPLORER MERCHANT EASTBOUND TO USA SIN MKG LBH OAK SEA IK 2*7 mm a/m Mp Z7p EER 2SE MP MP 2SP 31P 03p 25E up vm mm mm iop LENGER 27E lIP Mm 12/09 17/B 'ator tic.
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      Page 40 Advertisements Column 2
      649 40 Wi JE CONTAINER LINE t A TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST 13 W 2117 m Jl/7 A M JV74M n,7 A VI n/7 A I* wim SRI LANKA/ INDIA n yy NEW ZEALAND/ AUSTRALIA EUROPE/ UK 3 Vlii'P-V,' REGULAR CONVENTIONAL SERVICE
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      Page 40 Advertisements Column 3
      431 40 Mitsui OS K. Lines Ud EXPORTS TO PSW CUNNECTING AT |TO DOUBLE STACK TRAINS ETA ibh Eaßaaaaßßii ■B3ULI I' ..■IL-JKJJ UEJIEBCHaiaiCBai I I wnm. r"-V i 1. ,irr-iTi UCaEZBCraEZBEZMTai it "i mr~N r.'":'.'.. i ttt it 'i ur'tmit. .imn aEME3IEaiE3iC3iCBai i i tt~ihl' m--- irr-ig-a cJd[jnTT»nini ■taDCI rn-v i. OitJCJCJCJEJEjrj
      431 words