The Business Times, 1 September 1989

Microfilm: NL16759
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 FRIDAY, SEPTEMBER 1, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    240 1 Dow up WALL STREET blue chips recouped some of their earlier losses and edged higher yesterday. Strength in some drug, vehicle and railroad stocks offset selling in the airline sector. The Dow Industrials rose about one to 2729, trading in a narrow range. Gainers led loeers by
    240 words
  • Article, Illustration
    Profit-taking pares gains in Singapore market
    203 1 MARKETS in Singapore and Hongkong ended firmer on bargain hunting, while Tokyo stocks slipped on foreign exchange blues. On the local exchange, share prices closed with pared gains on late profit-taking after fairly active trade. The Straits Times Industrials Index rose 5.60 points to
    203 words
  • Article
    Lock icon UK set for North Sea oil boom
    135 1 Reuter BRITAIN'S North Sea oil Industry is poised to boom with huge spending and more new jobs because of stable world oil prices, according to an official report. Oil companies are expected to spend some £27 billion (US$42 billion) in the next five
    Reuter  -  135 words
  • Article
    Lock icon Chatichai hopes for new round of Cambodian peace talks
    521 1 Agencies THAI Prime Minister Chatichai Choonhavan yesterday said Bangkok hoped for a new round of talks aimed at ending the conflict in Cambodia. A month-long international conference in Paris was suspended on Wednesday after failing to reach a settlement. He also
    Agencies  -  521 words
  • Article, Illustration
    Sembawang-MISC team eyes MSE
    661 1  -  MISC LIKELY TO TAKE MAJORITY STAKE IN MALAYSIAN YARD By ELAINE KOH THE RACE by Singapore's major shipyards to venture abroad is hotting up, with Sembawang Shipyard currently negotiating with potential partner Malaysian International Shipping Corporation (MISC) for a stake in a Malaysian yard targeted for
    661 words
  • Article, Illustration
    Parliament gives President full endorsement
    540 1 PARLIAMENT gave its full endorsement yesterday to the reelection ot President Wee Kim Wee to a second four-year term. Six Members of Parliament, including the two from the opposition, rose to support the motion by the Prime Minister to extend the office of President Wee,
    540 words
  • Article
    Lock icon Li Peng says China's economic reforms will continue
    217 1 AP PREMIER LI PENG has promised that economic reforms will continue, even as the media heaped more criticism on one of China's leading reformers, ousted Communist Party chief Zhao Ziyang. All refdrm measures formally adopted before June by the Communist Party or
    AP  -  217 words
  • Executive Lifestyle
    • Article, Illustration
      Indiana Chong and the last charade
      78 1 WE LET on* of our fashion writers off the leash this week and out sprang his after ego, Indiana Chong, who immediately took charge, fedora in place. The reeolt? Raiders of the Lost Mutt a trendy hunt for reward money and a designer pooch,
      78 words
    • Article
      Personal Investment
      38 1 MALAYSIAN stocks are still hot wouritss. Stockwatch takes another look across the causeway. Views on the US dollar How much to save now to maintain your current lifestyle on retirement Vienna bourse plays a high note
      38 words
    • Article
      Executive Jobs
      57 1 MORE and more Singaporean businessmen and executives are finding that travelling is no longer an option. Exmcutive Jobs finds out how some of today's corporate nomads strike a balance between home life, office duties, and hitting the road. Just how much more perks do expatriate CEOs get? What
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      Page 1 Advertisements Column 1
      108 1 _sai r Foreign Currency Time Deposit now Citibank puts the worid's maior currencies at your fingertips Reap the rewards for as little as S$ 10.000. and CITIOONE Yes. I would like to make the most out of my foreign currency investments Please send me more information, fast Contact Tel. No
      108 words
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      Page 1 Advertisements Column 2
      226 1 Full report, PAGE 16 Rog mfcts, PAGE It World mkts, PAGE 19 Editorial Comment 10 Universities and research Hongkong after 1997 Case for optimism Trade disputes 4 Gatt warns against going it alone Asia-Pacific debt 7 Improved situation US-Canada trade 11 Test-case over hog war NUS convocation 2 A new
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      Page 1 Advertisements Column 3
      10 1 33 B«l|lng acts to rtamrt control ovor ocooomy, PAGE 3
      10 words
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      Page 1 Advertisements Column 4
      54 1 Quadruple Zoom+Auto Two-Color VHalis MOUSSE FOR MEN Vitalis Mousse for Men delivers full-bodied, natural control. Allows hair to be blown and shaped the way you want it. Then holds the style in place. No stiffness. No sticky build-up. Just a clean-feeling, healthy shine. 1 V 'Trodemwk —Authorised User: Bristol-Myers (S)
      54 words
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  • HOME NEWS
    • Article, Illustration
      Employers to get the rod if amendment passed
      520 2  -  ÜB§&jo2BeH ma PQGMffißcra Reports by ZHOU MEI, ANNA TEO, SHOEB KAGDA EMPLOYERS WHO knowingly employ more than five illegal workers will now face the rod themselves if convicted under an amendment to the Immigration Bill passed by the House yesterday. The Immigration
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    • Article
      Tight labour does not mean easier work permits: Yock Suan
      291 2 DESPITE the tight labour market, the government will continue to apply strict standards when issuing work permits to foreigners. This is to regulate the entry of foreign workers and so minimise their long-term social and economic costs to Singapore, said
      291 words
    • Article
      NCB functions widened with passage of bill
      182 2 THE NATIONAL Computer Board (Amendment) Bill, seeking to widen the board's functions and powers, was passed yesterday. One of its new functions is to promote the acceptance and use of information technology (IT) in Singapore, said Finance Minister Richard Hu yesterday. NCB's consultancy
      182 words
    • Article
      Clamping down further on cigarette advertising
      192 2 A BILL to clamp down further on cigarette advertiaing was read for the first time yesterday. The Smoking (Prohibition on Advertisements) Act is to be amended to forbid any advertisement carrying the name or trade name of any tobacco manufacturer or distributor. The restriction
      192 words
    • Article
      Chok Tong explains political fund-raising
      302 2 FIRST DEPUTY Prime Minister Goh Chok Tong told the House that political fund-raising in itself does not amount to a corrupt practice so long as it is above board. Mr Goh was replying to a question raised by non-constituency MP Dr Lee Siew Choh who
      302 words
    • Article
      Bases: US yet to decide
      129 2 SINCE THE VISIT of the US site survey team last June. Parliament was told yesterday that there have been no further developments on Singapore's offer to host American military facilities. Minister of State (ForeiQn Affairs National Development) Peter Sung said the US government ie studying
      129 words
    • Article
      Only resale flats affected
      79 2 THE NATIONAL Development Minister told the House that the recent changes in public housing policy should affect only the prices of flats on the resale market. Where new flats are concerned, Mr S Dhanabalan emphasised, these would continue to be built according to the demand of
      79 words
    • Article
      Abode for Hongkongers
      222 2 WHAT SINGAPORE has offered the people of Hongkong is a place of abode if the need aroee. Professor S Jayakumar said yesterday. In response to a question by opposition MP Chiam See Tong, the Home Affairs Minister, who is also the Law Minister. added: "That is why
      222 words
    • Article
      A new breed of engineers needed
      327 2 EDB TDB chiefs address convocation ceremonies A NEW BREED of engineers is needed to propel Singapore into the next era of growth, the managing director of the Economic Development Board, Mr Tan Chin Nam, aaid yesterday. More than mere technocrats, these engineers imbued with
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    • Article
      A strong sense of national mission
      225 2 BE FIRED with enthueiesm and have s strong sense of mission for Singapors's development and progreee, the chief of the Trade Development Board urged new engineers yoeterday. Addreeelng graduating engineers at the Kallang Theatre, TDB chief executive officer Yeo Seng Teck told of how
      225 words
    • Article
      URA assumes wider planning functions
      209 2 A NEW Urban Redevelopment Authority (URA), with enlarged planning functiona, takes shape today. Encompaeeing the Planning Department and the Reeearch and Statistics Unit both formerly of the Ministry of National Development the restructured URA will be reeponeible tor the physical planning of the whole of
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    • Article
      Investment company puts $16.5m into Asahi (S)
      201 2 THE JAPAN ASEAN Investment Co (JAIC) yesterday signed an agreement in Tokyo to invest $10.5 million in Singapore-baaed electronic products manufacturer, Asahi Electronic* (Singapore). The investment represents six million new Asahi Electronica sharea, bringing the enlarged capital base to 16 million ahares. JAIC's
      201 words
    • Article
      Diplomatic immunity for Abdul Aziz waived
      219 2 THE FOREIGN Affairs Ministry haa waived diplomatic Immunity for Singapore's High Commissioner to the United Kingdom, Mr Abdul Aziz Mahmood. opening him to a libel auit that former oppoaition MP J B Jeyaretnam intends to file. A ministry statement yesterday aaid Permanent Secretary Peter
      219 words
    • Article, Illustration
      Tan Sri Lee Siow Mong — a man of many talents
      389 2  - Tan Sri Lee Siow Mong a man of many talents Obituary -*r ZHOU MEI "HE IS A MAN of many parts." This was how President Wee Kim Wee, borrowing from a Chinese saying, described Tan Sri Lee Siow Mong in a forward to his book Spectrum of Chinese Culture. Mr
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      Page 2 Advertisements Column 1
      261 2 "China Sichuan Export Commodities Fair OPENING COCKTAIL RECEPTION sth September 1989 at 10.30 am RIVER VIEW HOTEL VENUE RIVER VIEW HOTEL 2nd 4th Floor DATE sth to 14th September 1989 TIME 9 am to 12.30 pm 2 pm to 5.30 pm Monday Saturday ORGANISER Sichuan Commission of Foreign Economic Relations
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  • Article
    DAILY AIRCRAFT MOVEMENTS
    653 3 ARRIVALS Operator J,,, Local From AiC MC MAS MAS NWA TtY PAL SU SU THY GU SU MAS IAL SU SU PAL MAS SU SU QFA CAL SU AIC SWR SU CAL UL SU AZA SU su OA SU MAS THA QFA ANZ GU SU KIM SU
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  • FOREIGN NEWS
    • Article
      Lock icon Selangor, Italian company set up M$60m ventures
      185 3 AP MALAYSIA'S Selangor state government signed agreements on Wednesday with the leading Italian tile manufacturer, Nassettletorre SPA, to set up two Jointventure companies to produce ceramic wall and floor tiles and frits and glazes. The products would be sold in Malaysia and exported
      AP  -  185 words
    • Article
      Lock icon South Korea postpones international trade fair
      180 3 AP SAYING that more time is needed for preparations, the South Korean Trade and Industry Ministry announced yesterday that a projected international trade fair will be postponed to 1993. The exposition was originally scheduled to be held in 1991 near Taejon in central South
      AP  -  180 words
    • Article
      Lock icon Beijing acts to reassert control over economy
      631 3 AP THE Beijing government is taking new stepe to re-eetablish order in an economy reeling from speculation and profiteering in scarce materials and widespread tax evasion, the official press reported yesterday. The measures include reasserting controls over the distribution and pricing of raw
      AP  -  631 words
    • Article
      Lock icon Grumman's China fighter jet project continues
      152 3 Reuter WORK on a US$25O million contract to modernise aviation equipment on Chi-nese-made F-8 fighter jets continues despite President George Bush's suspension of military sales to China, the chairman of Grumman Corp said. Chairman and chief executive John O' Brien. in an interview with
      Reuter  -  152 words
    • Article
      Lock icon Japan, Malaysia urged to help develop China's electronics industry
      239 3 AP JAPAN and Malayaia should help China develop Ha olectrontca induatry, and China's large market would benefit them, Chineee Minister of Commerce Hu Peng said on Wedneeday. Speaking to reporters during a visit to the Japanese Sony Electronic Ltd plant at
      AP  -  239 words
    • Article, Illustration
      Lock icon Gatt head cautions against going it alone on trade disputes
      500 4 Reuter THE HEAD of the General Agreement on Tariffs and Trade (Gatt). fh an apparent criticism of the United States, said yesterday that member states should avoid trying to settle trade disputes single-handedly. Such unilateral action could damage ambitious global
      Reuter  -  500 words
    • Article
      Lock icon US personal incomes, consumer spending show healthy growth
      375 4 AP THE personal incomes of Americans rose 0.7 per cent in July while consumer spending climbed at the fastest rate since April, the government said on Wednesday in an economic report. The Commerce Department said the rise in incomes, fuelled by rapid
      AP  -  375 words
    • Article
      Lock icon Japan, Taiwan and W Germany increased trade with S Africa: UN
      334 4 AP AS SOUTH AFRICA'S economy faced anti-apartheid sanctions in the mid-*****, Japan, Taiwan and West Germany expanded their imports and exports to fill the country's trade gap. says a United Nations report released on Wednesday. The outbreak of widespread
      AP  -  334 words
    • Article
      Lock icon Miti sets import promotion as top priority for 1990
      199 4 AFP JAPAN'S powerful Ministry of International Trade and Industry (Miti) will seek a 739.7 billion yen (US$5.l3 billion) budget for fiscal 1990, earmarking an unprecedented amount for import promotion to cut the country's huge trade imbalance. The ministry said on Wednesday
      AFP  -  199 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      30 3 TORONTO International Airport thcfokwnag 6t* Ctirour Tnrd Ageat or Air Canadt M 7)2tSSS. A BREATH OF FRESH AIR c? R£ jmm Mi ■Vk ->** o; £1; G SfnH v l NISSAN
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      74 3 Doonesbury LOOK, DARUN6, ITS THE STEINOEF6S! MY, SHES HOUXN6 UPMLL, CONSiPEttNGSH&S Tt\oosß 70 FORTY A A SOMETHING... YOU KNOW, 1 TOUT ie MONPZ G STILL TALKJN6 ABOUT THAT MILLION-DOLLAR. BHUHP4Y SHE THREWFVR. HUBBY... I 9P ffll (j5 BY GARRY TRUDEAU I've Been twnkjns w ukz 10 SPBNP7HRC&IHATONYOUR& OH, PARLJN6, TM
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      180 4 THE Ijl S> Hi ■Si »»< V a ft Si SURE SIGN TOP COMPANY w ,»»■■,< K**er- "tho/'ri»pr;o A gjDi"*: v .■A; S- fr J v 9 a 1 -\JV 3k.* i x X i®l! ,^f' S2:*s« «4 ~.A 58 w sui s ¥3 -v. •V You can judge the
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      217 4 Global temperatures and weather conditions on Aug 30 City Max/ Note Mln <°C) Amsterdam 20/14 Cloudy Athens 27/20 ClMr Auckland 16/10 Rain Bahrain 40/30 ClMr Bangkok 32/25 Rain Barbados 29/25 Cloudy Boeing 29/19 Cloudy Boirut 34/24 Cloar Belgrade 16/10 Rain Borlin 19/12 Cloar Bormudo 30/26 Fair Bogota una* Brisbane 23/07
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  • COMMODITIES
    • Article
      Rubber
      172 5 SMQAPOftE: Rubber pricee c'oeed marginally higher with Sep 1 RSS buyer quoted at 170.00 cente a kg yeeterday. Dealers said the market was very quiet with prices rising slightly dus to steadier Japaneae markets. Activity waa limited. On the TSR-20 Award market, price) cloaed alightiy higher on light trading
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    • Article
      RAS
      168 5 RAS prices ma« •nta/kg. Ft >6 In bmtm I NOON CLOSE tat 1 RSS frooip t 169 JO 170.50N ***** 171jOON ht 1 RSS Sap 149 JO 170-50 170.00 171.00 tat 1 RSS Oct 171 JOO ***** 171 JO 17X50 M2KSOT 164.00 170.00N 169 JOO 171j00N tat 3 RSS
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    • Article
      SSR
      29 5 (canto/kg) SEPTEMBER 1989 OCTOftER 1989 (currant month) (forward mantfi) NOON NOON RAS m m ®uy®rs SlNifl S3* 30 154J» 156.00N 155.00 157.00N ssa 50 15X00 154.00N 15X00 *****N
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    • Article
      London Markets
      275 5 London Commodity Exchange Buyer/Seller dosing prices on Aug 30 (£/tonne unless specified). Previous dosing prices in parenthesis. Aflood 447-50 Sop/Oct/ Oct/Nov/ nov/Doc 447.5 pd Doc/ion 450 Jan/Fob 452.5dr London Metal Exchange Coffee Basis in-store London, setters option OF London Sop 785/789 (763/765) Mgh/Low 790/777 Nov 773/775 (773/775) rtgh/Low
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    • Article
      Soybean
      192 5 CHICAGO BOARD of Trade soybeans closed lower after a session of mostly light, featureless trading on Wednesday. Selling in September, which led losses of the actively traded contracts, was attributed to liquidation ahead of first notice day yesterday. In other contracts there appeared little incentive to buy or sell
      192 words
    • Article
      Lock icon LME dealers get temporary reprieve from US
      637 5 Reuter SOME LONDON Metal Exchange (LME) dealsrs are to get a temporary reprieve from the terms of an agreement that would have forced them to start segregating the funds of US clients from Ssp 15. a top Britiah regulatory official told Reuters. Phillip
      Reuter  -  637 words
    • Article
      Precious Metals
      347 5 HONGKONG: Gold closed slightly lower yesterday after moderate Hongkong trade, dealers said. "Market sentiment was a bit beariah due to a firmer US dollar which prompted selling by Swiss and local investors in the afternoon seesion." a dealer said. Dealera said trading was quiet ahead of the releaae
      347 words
    • Article
      Lock icon Crude Oil and Products
      148 5 Telerate TRADE in fuel oil remained light yesterday. Buyers' indication* were notionally higher at US$B6 per tonne. A spread ot US$4 per tonne was seen between CST-180 and CST-380 cargoes. Prompt CST-380 lots were heard in limited supply but pricee of mid-sec-ond half September were reportedly
      Telerate  -  148 words
    • Article
      Produce Prices
      160 5 Chinese Produce 110 FOB NSW 1430.00 Exchange BWP FOB NSW 1063.00 Saltan' noon dosing 1 prtoM on Gambler August 31 (S$/100 Icq) FOB NSW 180.00 Coconut oil Bulk FOB 93.00 Bangkok Old drum FOB 103.00 Closing pftcM on Augu 31 New drum FOB 107.00 (USS/tama, FOB). Copra Whit*
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    • Article
      Wheat
      193 5 EXPORTER CARGILL bought about 1.3 million bushels of September wheat late to lead the three nearby Chicago Board of Trade soft red winter wheat contracts to a higher close on Wednesday. The late buying by Cargill and exporter Louis Dreyfus spreading 2.8 million bushels of September/December may indicate they
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    • Article
      Palm Oil
      55 5 ROTTERDAM: doting prioM on Aug 30 Potnn o« crudo Sumatra /M'^a wlin option lUMA—> Sop 315* Oct 317-50* Nov 330* Mm o« no KM lUSI/mm) Sop/Nov 2*s* own no FO» (USS/twm) Sop/Oef 292.50* Now/Doc 2934k Stmartn ttO fo««— M'rio CP tonardom (US$/toam) Sop/Nov 307J0* Mi lunwl ol OF
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    • Article
      Lock icon KL clearing house delays decision
      414 5 Reuter THE ASSOCIATE CLEARING HOUSE of the Kuala Lumpur Commodity Exchange has deferred a Decision on whether to approve KLCE measures to reduce charges for locals to try to boost liquidity, s senior official ssid. Rodney Parker, chief executive officer of the Malaysian Futures Clearing
      Reuter  -  414 words
    • Article
      Lock icon Kuwait Opec power play may put oil price at risk
      308 5 Reuter AN OPEC POWER PLAY by the Gulf emirate of Kuwait which it producing oil way in excess of its quota risks a renewed slide in petroleum prices. A source close to the Organisation of Petroleum Exporting Countries ssid severs!
      Reuter  -  308 words
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      Page 5 Advertisements Column 1
      70 5 o v m s i i r- V f 7 t D DICKSON MARKETING PTE LTD A A«em6ef o# (he [X'KSON Oroi4> o< Comperws 400 Orchard Road *24-07 Orchard Towers Singapore 0923 Tel *****22 (8 Lines) Tlx RS 50IS3DTRDG Fax *****33 Authorised D*«l»r* Singapore Francmi Vogue Grand Classic Haley's Jewetery
      70 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1252 6 SINGAPORE: SENTIMENT remained bullish for US dollars in relatively quiet trading yesterday as many players stayed on the side lines due to month end. They were also awaiting the release of the US August jobs data today. The US dollar closed at 1.9585/95 D-mark; 144.60/65 yen. 1.6890/00 Swiss
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    • Article
      Quotation of Singapore Government Stocks as at August 31,1989
      383 6 I Number indicative Gross Maturity Year raised Coupon rate pa) Amount (Sm) Interest payment dates of days of accrued interest middle price (excluding accrued Interest) redemption yield <% P«> 15.10.86/89 Loan 2 1971 5 3/4* 54.67 15/4 15/10 138 100.50* 1.64*
      383 words
    • Article
      Asian dollar market
      182 6 ASIAN DOLLAR deposit rates ended at their opening levels In quiet trade yesterday, dealers said. US$ OfFW MO 7 day* 9 7/§ 1 men* 9 1/1* 13/16 2 HMdW 9 1/16 13/1* 3 MMki 9 1/1* 13/1* north* 9 %7f% IS/1* 13/1* 12 north* 13/1* 13/1* S
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    • Article
      Simex
      506 6 EURODOLLAR FUTURES closed little changed from Chicago levels after fluctuating within narrow ranges in quiet two-way trade on Simex yeeterday. Dealers said the market lacked fresh factors and was likely to brush aside yeeterday's 1400 GMT release of US July factory orders data while awaiting today's key August employment
      506 words
    • Article
      IMM
      221 6 IMM CURRENCY futures, succumbing to technical selling, slumped to close with sharp losses in choppy trsding on Wednesday. Afternoon activity picked up when offers to sell by locals who were holding short positions triggered sell stops, drawing dealer salea. Such pressurs persisted into the final bell. "I'd say it
      221 words
    • Article
      Comex gold/silver futures
      176 6 Gold futures on August 30, 1989 100 toy OWKK. US$ per troy unce Open "N* Leer Me Sap 343 00 342.00 341-30 341.40 -1*0 Oct 1*4.10 ***** 343.10 343.40 -1.70 Ok 344.10 349.00 347.00 347*0 -170 F*6 90 373.10 37X10 ***** 371.30 -1.70 Apr 375.40 J7540 *****
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    • Article
      Government securities market
      109 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MD OFFER KNGH LOW 3 months 8Q*****N 30.11.89 4.35 4.30 4.32 4J32 6 month* BS*****V 18.01.90 4.29 4.24 1 year 8Y*****F 24.05.90 4.37 4.32 Government notes and bonds Period issue Maturity Coupon Yesterday's dosing Day's code rate M0
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    • Article, Illustration
      World interest rates
      180 6 Indicate* tie mny of Mm prim* lending r*t** of 12 major banks In t'por* nk marfctt ra itos (offer/bid) on Aug 31 usi DM SWFC Y«l 7 4my 1/1* IS/1* 14 l/l*— 13 IS/I* is/i* is/i* 7s/»-; i/4 S 7/1* S/l* 1 1/1* U/l* 14 IS 7/9
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    • Article
      Options
      1328 6 CURRENCY FUTURES OPTIONS Thursday, August 31, 1989 DCUTSCHEMARK (t—X) N»«n u*mp— 52 109 53 ,93 54 390 JAMM— TEN (MUX) Sa»a8cala SatWpato 71 9 72 277 73 373 75 575 CURRENCY FUTURES OPTIONS IMM Wednesday, August 30, 1989 BRfTISH POUND CS2.SOO; OWk pm C cn Mm Mp-c Oet-e Dac-c
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    • Article
      Money markets
      57 6 THE overnight rate on« the Singapore market roae 1/16 point to close at 5-3/16 per cent, m yesterday. Term were unchanged. ~-Z> S$ If* erbonk rates at the dose yesterday: o»m HO 5 J/16 S 1/1* vSL* S 3/16 5 1/16 2-mom* 9 3/1* S t/t* )4W* 9
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  • BANKING AND FINANCE
    • Article
      'Swiss financial markets must adapt'
      218 7 Reuter SWISS financial markets must end restrictive practices and appeal to international investors or they will trail behind other financial centres, two Swiss economics professors said on Tuesday. Heinz Hauser and Heinz Zimmermann of the University of St Gallen released a study in Zurich reiterating
      Reuter  -  218 words
    • Article
      Mitsui, Taiyo banks may merge branches
      167 7 Reuter MITSUI BANK Ltd and Taiyo Kobe Bank Ltd will consider merging domestic and overseas branches which overlap in business areas and reducing the workforces at those branches, a Mitsui official said on Wednesday. ."That is one of the items for consideration," he said
      Reuter  -  167 words
    • Article
      Taiwan currency reserves dropped 1.72pc last month
      207 7 Reuter TAIWAN'S foreign currency reserves slipped 1.72 per cent in August from a month earlier due to exchange rate losses, but were still 6 per cent higher than a year earlier, according to the Central Bank governor. Mr Samuel Shieh said on Wednesday
      Reuter  -  207 words
    • Article
      Chase Visa cardmembers get free insurance of up to $1 million
      158 7 IN WHAT appears to be a defensive move against the launch of Citibank's Visa card later this month. Chase Manhattan Bank is offering its Visa cardmembers free insurance coverage against personal accidents. With effect from today, Chase's Classic cardmembers
      158 words
    • Article
      Rise in Japan's offshore assets
      70 7 Reuter THE combined assets of Japan's offshore banking facilities rose 3.0 per cent to U*****.5 billion at the end of July from U*****.8 billion at the end of June, the Finance Ministry said. Of the total, assets denominated in foreign currencies increased 2.3 per cent
      Reuter  -  70 words
    • Article
      New rule for dividends
      93 7 Reuter THE US COMPTROLLER of the Currency has proposed a rule that would bar national banks from taking loan loss reserves into account when calculating quarterly dividend payments. The proposal would affect two provisions, that date back to 1864, of the National Bank Act that must
      Reuter  -  93 words
    • Article
      Thai inflation may lead to tight money
      342 7 Reuter THAILAND may tighten monetary policy to combat growing inflation caused by a booming economy, Deputy Finance Minister Niphon Promphand said. Mr Niphon said the central bank's Exchange Equalisation Fund met on Wednesday to review ways of slowing inflation and keeping it from
      Reuter  -  342 words
    • Article
      Singapore dollar tops Asean currency trading in Manila: central bank
      329 7  -  By AL O LABITA Jr, THE SINGAPORE dollar has topped the list of Asean currencies in over-the-counter purchases at commercial banks in the Philippines, an official document shows. The document, which was released by the Manila central bank at the
      329 words
    • Article
      Swiss join G-7 working group
      80 7 Reuter SWITZERLAND will join leading Western nations in the fight against laundering of profits from the drug trade, the government said on Wednesday. Government spokesman Achille Casanova said Switzerland had accepted France s invitation to join a Group of Seven (G-7) working group. Other members
      Reuter  -  80 words
    • Article
      Bank of Scotland unit in merger
      263 7 Reuter THE BANK OF SCOTLAND said its merchant banking subsidiary, The British Linen Bank Lid. and Ounsdin Fund Managsrs Ltd hsd rsachsd agreement in principle to merge thsir fund menagement operations Ounsdin will scquirs ths sndrs shars capital of British Unsn Fund Managsrs LM.
      Reuter  -  263 words
    • Article, Illustration
      Asia-Pacific debt situation above average: ADB
      638 7 SITUATION IMPROVED WITH HIGHER EXPORTS LAST YEAR AFP DEVELOPING NATIONS in the Asia-Pacific region are handling their external debt better than their counterparts in the rest of the world, the Asian Development Bank (ADB) has said in a study. The ADB, which has its
      AFP  -  638 words
    • Article, Illustration
      Bank of England's Mexico ruling irks some bankers
      583 7 Reuter A BANK OF ENGLAND decision to treat an exchange of Mexican debt into bonds as Mexican, rather than US, debt has angered some bankers in London who had hoped to cut their exposure to Mexico's debt by as much as 35
      Reuter  -  583 words
    • Article
      UK business mostly supports Lawson's monetary stance
      442 7 Reuter MUCH OF British business supports Chancellor Nigel Lawson's tight monetary stance, despite this week's gloomy survey of manufacturing output from the employers' organisation, the Confederation of British Industry (CBI), and growing fears of a recession among economists. Although the CBI itself would
      Reuter  -  442 words
    • Article
      European monetary union will go ahead, says don
      386 7 Bernama ECONOMIC and monetary union in Europe after 1992 will most probably go ahead despite Britain's opposition to it, a former monetary adviser to the Bank of England said. Professor Charles Good hart, the Norman Sosnow professor of banking and finance at
      Bernama  -  386 words
  • Page 7 Advertisements
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      221 7 LOCKS Secure in the knowledge it's a Chubb 3G 114 5-Lever mortice deadlock F] Behind the world famous name of Chubb is |j 9 [T] a depth of knowledge that goes back 170 years. o gi Knowledge and experience that has [1 P established their position as masters of By
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      Page 7 Advertisements Column 2
      124 7 The Great Escape Explore New Zealand as you please Set off on a motorhome or self-drive holiday and pursue your own particular interest. Sightseeing excursions, cultural activities, wilderness treks, fishing at remote spots, rafting on rivers and many more. Book now! Spectacular New Zealand beckons Jeisef® air new zeaiann 70
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      9 7 Latin nations try to Improve Investment climate, PAGE 11
      9 words
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      77 8 This announcement appears as a matter of record only o CITIBANK, N.A IS PLEASED 10 ANNOUNCE ITS APPOINTMENT AS DEPOSITARY BANK BY 1 k n NEPTUNE ORIENT LINES LTD FOR THEIR AMERICAN DEPOSITARY RECEIPTS (ADRs) WHICH WILL BE TRADED OVER THE COUNTER IN THE UNITED STATES OF AMERICA CITIBANK, N.A.
      77 words
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      160 9 A STRANGER HAS AN ACCIDENT, YOU FOOT THE BILL. THAT'S CRAZY. Until now, motor insurance in Singapore has tended to favour the guilty party: The more accidents he has, the more your premium goes up. At Citicorp we're changing all that, by bringing in a policy that's actually fair. If
      160 words
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  • PERSPECTIVE
    • Article
      R&D — the human element
      508 10 R&D the human element ALMOST a decade ago, the government began to emphasise research and development as the key to Singapore's economic future. There was not much then by way of R&D activity in Singapore, and it looked like a long road ahead to that critical mass of dedicated researchers
      508 words
    • Article, Illustration
      Post-1997 HK: The case for optimism
      2723 10  -  Hongkong is reeling from the confidence crisis triggered by the June 4 incident in Beijing. The brain drain will intensify and the colony's economy will suffer, writes THOMAS CHAN, China specialist at the Centre of Asian Studies at the University of Hongkong. Still, he
      2,723 words
    • Article, Illustration
      Test-case brewing up over hog war with US
      664 11  -  CANADA By PAUL GOPAL AN INTERESTING test-case for free-trade in North America is shaping up over pigs between Canada and the United States. A US trade tribunal has ruled that Canadian pork is unfairly subsidised and that ham, bacon and other pork
      664 words
    • Article, Illustration
      Bid to improve investment climate
      1400 11 LATIN AMERICA NYT IN THE CLUB of Latin America's largest debtors, Argentina, Brazil, and Venezuela are looking with envy on the debt relief plan won recently by Mexico. But behind a chorus for equal or better treatment, many officials in Buenos Aires, Brasilia, and Caracas
      NYT  -  1,400 words
    • Article, Illustration
      Infighting among guerillas keeps Kabul regime in power
      1171 11 AFGHANISTAN NYT FROM THE WALLS of mosques and bazaars throughout the old frontier city of Peshawar, posters showing Afghan guerillas with turbans stare out at passers-by. By night, supporters of a rival guerilla faction rip and disfigure the posters, but thousands remain
      NYT  -  1,171 words
  • Page 10 Advertisements
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      227 10 SINGAPORE GOING GLOBAL I <n r»to •utO'^aJ' RAO cjfetfi 'AduMcjr iWLMb>., Flr«Ca(Pla. C 't^auoA. L M &fuu£ n»«*tm»rT* WE'LL DELIVER To Your Home Or Office AT NO EXTRA n SINGAPORE BUSINESS gives you the newest trends affecting the economy, analytical features and snappy columns on the stockmarket, trade industry, banking,
      227 words
  • Page 10 Miscellaneous
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      98 11 FOR WHO, WHAT, WHERE l\l THE MARKET. 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,
      98 words
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  • LIFESTYLE
    • Article, Illustration
      Subtle changes in the City
      690 12  -  FASHION By SHERRY BUCHANAN IHT ANYBODY who went to boarding school or was in the army, has »no trouble slipping into the City 'of London uniform: the grey chalk pin-striped suit. Church's lace-up shoes and Jermyn Street stiff-collared shirt. But, according to executive fashion experts,
      IHT  -  690 words
    • Article, Illustration
      Japan: tradition still rules in marriages
      725 13  -  ROYALTY By SHIGEMI SATO AFP THE BETROTHAL of Prince Aya to a commoner has bucked a tradition of approved marriage that is at odds with the right of Japanese to choose their own mates. Marriage based on free choice is guaranteed to 120 million
      AFP  -  725 words
    • SHORT TAKES
      • Article
        Kellogg to introduce controversial cereal
        300 13 THE KELLOGG CO said on Wednesday that it will soon market a cereal that includes the grain psyllium, aimed st consumers snxious to reduce their blood cholesterol levels. The product, known ss Heartwlse, follows the lead of General Mills' psyllium-based cereal Benefit, which was introduced
        300 words
      • Article
        'Henry a scurvy knave'
        219 13 KING HENRY VIII, renowned for his appetites tor women and power, was killed by his craving for meat, a historian has concluded. Susan Maclean Kybett, writing in the September issue of History Today, argues that Henry died in 1547 of scurvy, a disease caused by a
        219 words
      • Article, Illustration
        Brando's swan song
        171 13 OSCAR-WINNING ACTOR Msrlon Brando says he's msde his last film, and adds that it's "a stinker". Brando, 65, who hss been shooting the movie in Canada for the paat 12 weeks, slso told the Toronto Globe and Mail on Wednesday that he's fed up with kowtowing to
        171 words
      • Article
        New twist on men's ties
        196 13 FOR MEN who think fumbling with a tie each morning is a pain in the neck, here comes a new wrinkle in the quest for a firm, symmet- rical knot. It's an inside-out style called the Shelby. The knot, touted as the "first new knot
        196 words
      • Article
        Bambi a video bestseller
        118 13 THE CLASSIC animated feature Bambi has quickly achieved bestseller status among video cassettes in the US, second only to ET. Walt Disney Co on Wednesdsy reported more than 9.8 million initial orders for Bambi compared with the record 15 million by MCA's ET: The Extra-Terrestrial. Bambi,
        118 words
      • Article
        Batmania?
        104 13 Agencies A CANADIAN MINER swallowed a live bat to win a US$B5 bet but paid for it with a series of rsbies injections. Veterinsrisn Chuck Lockton, of Sudbury in northern Ontsrio, said on Wednesdsy thst the miner wsa drinking with co-workers when they dared him to eat the bat
        Agencies  -  104 words
  • Page 12 Advertisements
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      893 12 Where to entertain... Where 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 WtsnN Plaza Raffles Chy 2 Stamford Road, Singapore (*>l7 Westin hotels Resorts y with
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      Page 12 Advertisements Column 2
      191 12 LOVE AFf AIR IN GUANGDONG Q67X Thirty-three IfllO tempting dishes "SsSr from Guangdong to tantalize your taste buds. Savour the subtle flavour of each, lovingly coaxed out and brought to perfection by our master chefs. Staged daily at the Pine Court of The Mandarin Singapore. Guangdong Buffet Lunch 1 -30
      191 words
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      187 13 entertain..., A Sip Tea In The Pakk And You'll See The Best Dressed Women. On Saturdays High Tea is very fashionable at Fountain Lounge, Not only will you see some of Singapore's best fashions being poinded during our Fashion Show, you '11 also enjoy a delicious spread of scones, canapes
      187 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      667 13 wjtjnsK-tas mmmm CRYPTIC PUZZLE ACROSS 4 It provides cover for shoppers (6) 7 Though easy, it obviously needs a shove (8) 8 Source of water for a time (6) 10 Walsh knits something woolly (5) 13 Did the captain not keep cool? (4) 14 Does she write letter upon letter?
      667 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1224 13 TV and RADIO Comatose bully boy u -> v\l r. t. jr. *n, VA r V.v: V W > V OUR CHOICE THE TOWN BULLY, 10.30pm, SBC 5 A one-man-against-the-whole-town flick which smacks of High Noon. When the reigning town bully is released from prison and goes back to disrupt
      1,224 words
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  • SPORTS
    • Article, Illustration
      Swim manager expects bigger gold haul in Manila
      569 14  -  SEA GAMES By CHARLES SAVAGE SINGAPORE managed 10 golds in swimming in Kuala Lumpur and John Chia, one of the swimming managers, forecasts more in Manila. He expects the women, who only produced bronzes this time, to haul in a fine catch
      569 words
    • Article
      Unsung heroes of the Games
      438 14 THE MEDICOS are the unsung heroes of any sporting event. Never noticed when all is well and at times unappreciated when injured muscles and bones have been put back together. This time, the six men and women took with them about 15 boxes weighing more
      438 words
    • Article
      Torrential downpour fails to dampen sizzling soccer final
      559 14 MALAYSIA beat Singapore 3-1 last night in a thrilling soccer final that closed SEA Games XV. The victory was a fitting climax to Malaysia's 32nd birthday celebrations. The two teams played their hearts out before a Mederka Stadium packed with 45,000 high-spirited
      559 words
    • Article, Illustration
      They came, they saw, they conquered
      917 14 US OPEN AP THEY CAME OUT of nowhere at the US Open, ruthless young killers who knocked off the defending champion, Mats Wilander, and four-time champion, John McEnroe. Pete Sampras, two weeks past his 18th birthday and ranked 91st in the world, took out
      AP  -  917 words
    • Article, Illustration
      The battle of two veterans
      399 14 BOXING AP MEXICAN Daniel Zaragosa was to defend his World Boxing Council super bantamweight title for the fourth time last night against Frankie Duarte in a battle of boxers nearing the end of their careers. Zaragosa, 31, has a 38-4-1 record with 21 knockouts. Duarte,
      AP  -  399 words
    • Article
      Aussie brothers to defend titles
      203 14 AP AUSTRALIAN BROTHERS Troy and Guy Waters both will defend their Commonwealth boxing titles in a double-header at the Jupiter's Casino tomorrow. Troy Waters, the No 1 contender for the International Boxing Federation title held by Italian Gianfranco Rosi, defends his Commonwealth junior-mid-dleweight crown against
      AP  -  203 words
    • Article
      Federation rejects Williams' request
      136 14 AP THE International Boxing Federation has rejected Carl "The Truth" Williams' request to have his July 21 first-round loss to champion Mike Tyson declared a no contest. Ira Leibowitz, Williams' manager, had made the request in an Aug 16 letter. He also asked that Williams be
      AP  -  136 words
    • Article
      Worcester close on second successive county title
      443 14 CRICKET AFP WORCESTERSHIRE moved closer to a second successive English County Championship on Wednesday. They claimed maximum bowling points by dismissing Gloucestershire for 206 and then opened up a lead of 104 in pursuit of the victory which would make the title safe.
      AFP  -  443 words
    • Article
      Irish leading in Tour of Britain
      136 14 CYCLING AP IRELAND'S Martin Earley took over as leader in the Tour of Britain cycle race on Wednesday, snatching the yellow jersey after finishing third in the second stage. West Germany's Remig Stumpf, a 23-year-old from Schweinfurt, was first across the line, sprinting clear
      AP  -  136 words
    • Article, Illustration
      Kingdom wins hurdles gold, fails to break record
      267 14 ATHLETICS AP ROGER KINGDOM of the US won the gold medal in the 110 m hurdles but cold weather and stiff muscles prevented the two-time Olympic champion from taking another crack at his world record at the World University Games on Wednesday.
      AP  -  267 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Kamunting at the helm of MPHB
      708 15 mmh mm™ HOCK LOCK SIEW KAMUNTING CORPORATION Bhd, the new controlling shareholder of Multi-Purpose Holdings Bhd, has to make do without the men who lifted its new acquisition out of the red. Along with its much-im-proved interim report, MPHB announced that former executive chairman
      HOCK LOCK SIEW  -  708 words
    • Article, Illustration
      Amcol shareholders approve Octagon acquisition
      405 15 SHAREHOLDERS of Amcol Holdings Ltd voted in favour of the $131 million acquisition of the Octagon at an extraordinary general meeting yesterday. Despite the writ of summons filed by Kian Choon Investments in the High Court on Monday to void the Octagon sale, only about
      405 words
    • Article, Illustration
      SBS orders 400 new buses for $80m
      502 15  -  GROUP HALF-TIME PROFIT RISES 13.5 pc TO $23.37 m By ABDUL HADHI SINGAPORE BUS Service (1978) Ltd (SBS) has placed an order for 400 single-deck buses costing more than $80 million to renew its bus fleet and upgrade its service. And to prepare
      502 words
    • Article, Illustration
      Two C & C directors behind Yung Pui stake
      472 15  - Two C C directors behind Yung Pui stake By MAGDALENE NG TWO DIRECTORS of Cycle Carriage Ltd have emerged as the company's new substantial shareholders with their purchase of 18.87 million shares or a 15.1 per cent stake for M 594.35 million (about $69 million) through a Hongkong company on
      472 words
    • Article
      Hong Fok paying $12m for International Building floor
      348 15 HONG FOK Corporation Ltd has agreed to buy the fourth floor of the International Building from Mayflower Restaurant (Singapore) Pte Ltd for $12 million. Super Homes Pte Ltd. a wholly-owned subsidiary of property group Hong Fok. has put down a 10 per
      348 words
    • Article
      SingLand shareholders approve purchase of Gateway shares from Tao family
      277 15 SINGAPORE LAND Ltd's shareholders have approved the controversial purchase of Gateway Land Pte Ltd's shares from the Tao family at an extraordinary general meeting yesterday. A statement from the company said the acquisition of the 53.16 million Gateway shares are
      277 words
    • SES
      • Article, Illustration
        Newly-listed warrants and loans steal the limelight
        1102 16  -  by JOSEPHINE CHAN NEWLY-LISTED STOCKS were the highlight of trading interest in an otherwise lethargic day on the local stock exchange yesterday. Brokers said share prices closed broadly firmer on selectad buying support and bargainhunting, while yesterday's debut shares accounted for more than
        1,102 words
      • Article
        Unit trusts
        307 16 Managers' prices for Sep 1 Royal Trust Asset Mgt IT S'pore Gr Fund 0 86 090 IT Asia-Roc Gr Fund 1.12 1.17 Singapore Unit Trust The Commerce 1.18 I.2S The Saving! Fund 1.06 I.II S pore Prog Fund 0.46 0 52 S'pore See Fund 074 0.79 S'pore Invest
        307 words
      • Article
        COMPANY MEETINGS
        61 16 MALAYSIA AICA BERHAO: 20th AGM at Bay an Room, Hotel Equatorial, No 1 Jalan Bukit Jambul, ***** Penang, on Sep 7, Thursday, at 11am. CYCLE CARRIAGE UMfTED: EGM at 9 Penang Road, #12-00 Supreme House. Singapore 0923. on Sep 8, Friday, at noon. METALOCK (SINGAPORE) LIMITED: 20th AGM
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    • Article
      SES SHARE INFORMATION
      6197 16 1MI High Low Tol Cod* Compony Loot Mo AIM 31 +orVol root) Day 1 High Low jm1 Qm •yor 84 m Qr*a Dhr Or*a Mr YTd C*w Not MK MCop 284 81 45* 86% 80 86 183 275 72 96 18 82 97 124 88 71 90*
      6,197 words
    • COMPANY NEWS
      • Article, Illustration
        Buoyant outlook for Malaysia's cement industry
        850 17 MBT THE FAST-RECOVERING construction sector has bolstered the Malaysian cement industry which had been in the doldrums in the last tew years. Malaysian cement manufac- j turers see even better times ahead, especially in the next two years, with domestic demand alone projected to
        MBT  -  850 words
      • Article, Illustration
        Johan planning further acqusitions, says chairman
        564 17 Bernama JOHAN HOLDING Bhd is planning to expand its operations through further acquisitions and growth within the group. Chairman Tan Kay Hock told reporters after the company's annual general meeting on Wednesday that the group was looking at areas which would complement existing businesses.
        Bernama  -  564 words
      • Article
        Ban Mee considers listing on KL's second board
        424 17 Bernama THE BAN MEE group of companies is looking into the possibility of listing its shares on the second board of the Kuala Lumpur Stock Exchange (KLSE). "The listing will be something fruitful for the group," chief executive Ngam Wen Keat said.
        Bernama  -  424 words
      • Article
        MAA to invest M$10m in properties
        260 17 Bernama MALAYSIAN ASSURANCE Alliance Bhd (MAA) is to spend Mslo million on acquiring proparty to house its branches, especially in main business centres in the country such as Kota Kinabalu. Johor Baru, Ipoh and Penary The company will be considering other smaller investments "if
        Bernama  -  260 words
    • REGIONAL MARKETS
      • Article
        All Jakarta stocks open to foreigners
        376 18 Reuter FOREIGNERS are now allowed to buy sharee in all companies listed on the booming Jakarta Stock Exchange, including joint-ven-tures which already have substantial foreign ownership, said Mr Marzuki Usman, head of the government's Capital Markets Agency, Bapepam. Mr Marzuki, in an interview with
        Reuter  -  376 words
      • Article
        Stockbroker acquitted in first Aussie insider trading trial
        125 18 AFP A STOCKBROKER was acquitted on Wednesday in Australia's first insider trading trial verdict. Roger Bain, 27, a resource analyst with Bain and Co, was found not guilty on four charges relating to dealings in Australian United Gold shares in June 1967.
        AFP  -  125 words
      • Article
        Electrolux breaks into Japanese market
        167 18 AFP SWEDISH appliance maker Electrolux haa signed an agreement with Sharp Corp of Japan, giving Europe's biggest producer of white goods a strategic foothold in the Japanese market. The agreement, announced jointly by Electrolux chief executive Anders Scharp and Sharp president Haruo Tsuji, will allow
        AFP  -  167 words
      • Article
        Toyota again top corporate earner
        143 18 AFP TOYOTA Motor Corp regained its position as Japan's top profit-making corporation in the latest fiscal year, earning 578 billion yen (US$4.l3 billion), up 35.1 per cent from the previous fiscal year, the Tax Administration Agency said in Tokyo on Wednesday. Toyota had been in
        AFP  -  143 words
      • Article, Illustration
        Investors retreat
        480 18 Tokyo AFP SHARE PRICES kept declining on the Tokyo Stock Exchange yesterday as many institutional investors retreated to the sidelines, discouraged by the stronger dollar against the yen. The Nikkei Stock Average of 225 blue chipe, a 215.99 yen loser on Wednesday, shed another 40.46 yen to cloee
        AFP  -  480 words
      • Article, Illustration
        Heavy selling
        502 18 Sydney Reuter AUSTRALIA's share market yesterday closed sharply lower as light profit-taking from its recent highs accelerated into heavy selling In the afternoon, brokers said. The All Ordinaries Index finished 19.1 points down at 1,762.1. Brokers said the recent rally might had lost its steam, but a full-scale
        Reuter  -  502 words
      • Article, Illustration
        Prices close mixed in thin trading
        1262 18 Hongkong SHARE PRICES on the Hongkong Stock Exchange yesterday closed mixsd in thin trading. The Hang Seng Index, the market's key indicator of blue chips, edged up 3.17 points, closing at 2,508.57. Turnover amounted to HKS477 million (US$6l million), down from Wednesday's HK$5O6 million
        1,262 words
      • Article
        Taipei: Market ends higher
        409 18 Reuter THE TAIWAN stock index yesterday ended higher after wobbling over a 100-polnt range, dealers said. The weighted index climbed 111.76 points, or 1.14 per cent to end at 9,924.30 against Wednesday's 9,812.54 finish. Turnover fell to NT5107.54 billion from NT5136.04 billion. Dealers said the mar-
        Reuter  -  409 words
      • Article
        New Zealand: Rise continues
        99 18 Reuter THE SHARE market yesterday closed slightly higher, cementing Wednesday's dramatic 55.27-point gain. Brokers generally expected yesterday's steady demand to continue through to the weekend The Barclays Index rose 12.87 to 2,429.06. "Stock remains hard to get hold of and demand shows no sign of weaken-
        Reuter  -  99 words
      • Article
        Bombay: Heavy trading
        182 18 Reuter SHARE PRICES yesterday met with profit-taking after three successive days of sharp gains, to close mixed in heavy trading. Brokers said contango (carry-forward) charges of 18 per cent fixed for the business done in the three weeks ended Wednesday, undermined sentiment. The market had expected 12
        Reuter  -  182 words
      • Article
        Seoul: Profit-taking sets in
        271 18 Reuter SEOUL STOCKS fell on profit-taking yMttrdiy m investors look sdvtntagt of strong gains mads in ths morning ssssion. broker* said. Ths composits indsx, which hovsrsd cioss to ths 906 level in ths morning, fsll 8.25 points to cioss st 075.28 from 083.53 on Wsdnssdsy. Turnovsr
        Reuter  -  271 words
      • Article
        Bangkok: Bulls take a breather
        245 18 Reuter THAI STOCKS yestsrdsy sdgsd slightly lower in s technical correction which brokers said would not disrupt ths currsnt bull run. Ths SET Indsx toil 0.37 of a point to cioss at 881.02 In active trade. Declines led advances 50 to 51. Most active were
        Reuter  -  245 words
      • Article
        Manila: Light bargain-hunting
        98 18 LIGHT bargain-hunting pushed Philippine share prices slightly higher yesterday, but brokers said most investors were either sidelined ahead of future listings or were more interested in buying government treaaury bills. The Manila Stock Exchange composite index advanced 3.37 pointa to cloee at 1,126.59. "If you are a
        98 words
    • WORLD MARKETS
      • Article, Illustration
        Airline issues help boost prices
        836 19 New York Reuter WALL STREET stock# edged higher on Wednesday, helped by a tireless rally in airline Issuee and the dollar's rebound from its sharp drop the day before. The Dow Jones Industrial Average rose 1.52 points to close at 2,728.15, recouping a fraction of
        Reuter  -  836 words
      • Article, Illustration
        Market remains cautious
        804 19 London Reuter SHARE PRICES yesterday opened Arm, reversing early weakness helped by some good corporate results but with the market still cautious of near term direction. Dealers said a small gain on Wall street on Wednesday was reassuring after recent declines on that market. They added, however,
        Reuter  -  804 words
      • Article
        EUROPEAN MARKETS ROUNDUP
        1587 19 Reuter MILAN: Italian shares yesterday rebounded on foreign buying following two sessions of consolidation, with prices rising back to the 1989 highs they touched on Monday, dealers said. The MIB index closed 0.57 per cent up at 1,237 with banks, insurances and retail stocks leading the rises.
        Reuter  -  1,587 words
      • Article, Illustration
        Hoylake preparing cash offer for BAT Industries
        522 19 IHT HOYLAKE INVESTMENTS Ltd is readying an alternative cash offer for BAT Industries ptc ss Britain's Takeover Panel considers whether to give the group more time to complete its bid. A source close to Hoylake said: "It is becoming clearer and clearer that
        IHT  -  522 words
      • Article
        Leading Wall St trader pleads guilty to stock manipulation
        470 19 NYT SALIM B (Sandy) Lewis, s leading Wall Street trader who was once a special adviser to the Securities and Exchange Commission, pleaded guilty on Wedneeday to criminal char gee that he helped manipulate a stock price in the spring of
        NYT  -  470 words
      • Article
        UK cement manufacturer buys US aggregates company
        476 19 FT BLUE CIRCLE, which recently raised £250 million (US$395 million) from the safe of its cement and concrete businesses in Mexico, California and Arizona, announced on Wedneeday it had acquired Georgia Marble, a large aggregates company based in Atlanta. Georgia, for U*****.5 million.
        FT  -  476 words
      • Article
        US govt joins civil suit against Fairchild Industries
        345 19 NYT THE US Justice Department has Joined a former employee of Fairchik) Industriss in aocuaing the compeny of defrauding the Air Force of US$5 million to US$lO million on a contract to make test equipment for fighter planes, the lawyer for the
        NYT  -  345 words
  • Page 15 Advertisements
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      41 15 I HOmSNGtfOM 5537,000,000 2 YEAR BRIDGING LOAN FACILITY Arranged By Credit du Nord, Singapore Branch Funds Proi'ided By Hong Leong Finance Ltd Advising Bank •k Cr6dtt du Nord Singapore Branch •r. S V>iio |f\\v P4lS® WU\\V 6^ f, fm July 1989
      41 words
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      Page 15 Advertisements Column 2
      900 15 CURRENCY INVESTMENT Wll Kl< I I'K I ss TEL: 321 3333 lies THE MBURAMCE CORPORATION OFSMOAPOREUMTED (A MB*KR OF TVC DBS GROUP) THE INSURANCE CORPORATION OF SINGAPORE LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the
      900 words
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  • Page 18 Advertisements
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      1306 18 NOTICES IN THX MATTES OF THE COMPANIES ACT, CAP. 80 AND IN THE MATTER OP RESOLUTION [Pursuant to taction IMXIXb)] At an Extraordinary General Meeting of the Company held at 66 Choi la Street #23-03 OCBC Centre, Singapore 0104 at 11.30 a.m. the following Special Resolution was passed: It was
      1,306 words
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      Page 18 Advertisements Column 2
      319 18 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF JEB COMPANY (PTE) LTD (M MEMBERS VOLUNTARY LIQUIDATION) At an Extraordinary Oanaral MllMng of the members of JEB Company (Pie) Lid duly convened and held at 10 Anson Road #11-04 International Plaza. Singapore 0207 on 31
      319 words
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  • Page 19 Advertisements
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      3 19 Chartpoint Every Saturday
      3 words
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      Page 19 Advertisements Column 2
      258 19 SINGAPORE AIRLINES L■KITED (incorporated in tha RapubMc of Snp^iaul LOST SHARE CERTIFICATE Tha undermentioned than certificate ha* b«ti reported io«t. mMaid Of dwtroytd Certificate M«. In Mm Name ot N«. wt 9mrm A *****40 Fong foonq Mng 1 '.000 Notice n hereby gram that duplicate certificate Mil to ietued originei
      258 words
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  • Article, Illustration
    Michael Taylor fined $12,000 in Allan Ng case
    595 20  -  EX-STANCHART MANAGER PLEADS GUILTY TO AMENDED CHARGE By ELAINE KOH MICHAEL TAYLOR, the former manager of Standard Chartered Bank, was fined $12,000 In a subordinate court yesterday, after pleading guilty to an amended charge of giving inaccurate information to the Securities Industry
    595 words
  • Article
    Tie-up helps to overcome container shortage
    150 20 BY TYING UP with a Malaysian shipping company, electronics giant Sony hopes to gain access to a scarce supply of cargo containers in Mslsysia. The shortage of containers in Malaysia and Thailand is one of the major headaches faced by exporters, said Mr T
    150 words
  • Article
    Singapore business team to explore tie-ups in India
    493 20  -  By HARISH MEHTA SINGAPORE'S biggest business delegation to India is expected to visit that country next February to "explore" various collaborations, including participation in the Madras Export Processing Zone, visiting Indian Commerce Minister Dinesh Singh said yesterday. India's Commerce Secretary, A N
    493 words
  • Article, Illustration
    Bond Corp shares dip following bully allegations
    487 20 Reuter ALAN BOND'S public image and shares in Bond Corp Holdings Ltd are being battered after fresh allegations that Mr Bond tried to bully the Western Australian government into offering financial support to his flagship company. Bond Corp shares, under pressure for several
    Reuter  -  487 words
  • Article
    Commission clears NZ Steel sale
    286 20 Reuter NEW ZEALAND'S anti-trust watchdog Commerce Commission cleared yeaterday the controversial sale of the country's biggest steel maker to a consortium dominated by Auatralian steel giant BHP. Only a fortnight ago, the Commission refused "fast track" approval for the NZ$323 million (US$l9O million) aale of
    Reuter  -  286 words
  • Article
    Taiyo Kobe promoted shares in June
    283 20 Reuter TAIYO KOBE Bank Ltd told its branch managers to encourage customers to buy its shares in Juna, at a time when talks on a merger with Mitsui Bank Ltd were underway, a Taiyo Kobe spokesman said in Tokyo yesterday. The spokesman said the
    Reuter  -  283 words
  • LATE FILE
    • Article
      Libya and Chad end conflict
      60 20 Reuter LIBYA and its southern neighbour Chad ended 15 years of conflict over their disputed border by signing a peace accord yesterday at a secret meeting of their foreign ministers in Algeria. The agreement was announced on the eve of big celebrations in Tripoii to
      Reuter  -  60 words
    • Article
      China to try people who flee
      54 20 AFP people who flee CHINA will prosecute citizens who flee the country illegally, Foreign Ministry spokesman Li Zhaoxing said yestsrday. "The Chinese government never approves of the illegal exit of its citizens and actually takes preventive measures against them," he told a weekly press
      AFP  -  54 words
    • Article
      US, USSR agree on chemical arms
      56 20 AP OFFICIALS in Waehington and Moscow have approved a draft US-Soviet accord on how to inspect chemical arms sites when the weapons are eventually banned. Super-power negotiators in Geneva, meanwhile, completed a proposed sgreament on guidelines for the destruction of chemical weapons stockpiles snd
      AP  -  56 words
    • Article
      S Koreans win Libyan contract
      66 20 Reuter A SOUTH KOREAN firm has won the largest single construction contract ever awarded in West Asia to build a pipeline to bring water from vast underground reservoirs in the Sahara desert to the Tripoli area in Libya. The value of the 90-month contract tor
      Reuter  -  66 words
    • Article
      Action against paper possible
      72 20 Reuter THAI police said yesterday that they were conaidering action againat The Asian Wall Street Journal over a report on Aug 21 saying that many Thai monks were violating Buddhist scriptures. "It depends on the national police chief what action should be taken, but our suggestion
      Reuter  -  72 words
  • Article
    Local software firm accused of receiving govt subsidies
    408 20 LOCAL COMPUTER software firm CSA is under investigation by the US Commerce Department following a complaint by American software maker Visible Systems Corp that the Singapore company is receiving unfair government subsidies for its product exported to the America. According to yesterday's
    408 words
  • Article
    Premadasa calls for all-party peace talks
    170 20 Reuter SRI LANKAN President Ranasinghe Premadasa yesterday called for an all-party conference to end violence in the country which has killed another 30 people. but the response from the opposition was lukewarm. "We will wait and see. When the invitation comes we will consider
    Reuter  -  170 words
  • Article
    Princess Anne and husband to separate
    363 20 AP THE LOVE of horses that initially drew Princess Anne and Captain Mark Phillips together wasn't enough to sustain their marriage after 15 years. The 39-year-old daughter of Queen Elizabeth II and her 40-year-old husband both remain involved in the equestrian world, but have
    AP  -  363 words
  • Article
    Mahathir denies reports of Musa becoming UN ambassador
    333 20 Agencies MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday the government haa no plan to appoint former deputy prime minister Datuk Musa Hitam as a full-time ambassador. He said Datuk Musa had only been appointed as a special envoy in
    Agencies  -  333 words
  • Article
    Colourful ceremony marks Malaysian National Day
    331 20 Bernama SOME 15,000 Malaysians from all walks of life participated in the 32nd National Day parade in front of the historic Sultan Abdul Samad Building in Kuala Lumpur yesterday, reflecting the unity theme of this year's celebration. The colourful ceremony began with the arrival
    Bernama  -  331 words
  • Article
    Comex gold and silver
    204 20 Reuter COMEX GOLD futures ssnk to new contract lows early yesterday, weighed down by a firm dollar. Reports of further gold sales by the Soviet Union also hurt sentiment. December gold lost US$2.3O at U*****.30 an ounce, breezing through Tueeday's low of U*****.40. Analysts said the
    Reuter  -  204 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      170 20 TO ALL MEMBERS OF THE BRITISH COMMUNITY Her Majesty The Queen and His Royal Highness the Duke of Edinburgh will be present at a Garden Party for the British Community during their State Visit to Singapore between 9 and 11 October. Heads of household and their spouses who are British
      170 words
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      Page 20 Advertisements Column 2
      0 20 !,",">+>[:,/_\]*.;@{=@+,%:@>`!!
      0 words
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      Page 20 Advertisements Column 3
      110 20 IS Queen Street #02-00 Tan Chong lower S(0718) Fax: *****18 Tlx: RS ***** ZENITH Ticketing Dept. TH: *****66 Tour Dept. Ttt: *****88 Our achievements and track record in international tradeshow and exhibition arrangements have enabled us to offer the following packages: 9 IGAS '89 (International Graphic Arts Show) ii 2-26
      110 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Abu Dhabi rejects Aussie sheep
        102 21 Reuter AUSTRALIA'S live sheep trade with the Middle East has hit further trouble with the rejection by Abu Ghabi of a shipload of 17,000 sheep it said are diseased. Abu Dhabi says the sheep have malta fever, a mild form of brucellosis. The shipment was
        Reuter  -  102 words
      • Article
        Brazilian vessel towed to Brest
        35 21 Reuter THE Brazilian container vessel Lloyd Atlantico, 28,977 dwt, will be towed into Brest after its main engine broke down some five miles off Brest, Lloyds Shipping Intelligence said. Reuter
        Reuter  -  35 words
      • Article
        Alyeska not the target of probe
        102 21 Reuter ALYESKA Pipeline Service Co, operators of the Trans-Alaska Pipeline and the Valdez tanker terminal, said a federal grand jury sitting in Anchorage has subpoenaed documents from it that relate to the March 24 Alaska Exxon Valdez oil spill. But the oil consortium, composed
        Reuter  -  102 words
      • Article
        US condemns Syria's ship attack
        92 21 AFP THE United States has condemned Syria's attack on Tuesday on a tanker trying to run a Syrian blockade to deliver fuel to Beirut's embattled Christian enclave. US State Department spokeswoman Margaret Tutwiler said the United States ['"deeply deplores" the attack on the Sunshield, which
        AFP  -  92 words
      • Article
        UK diggers lead Channel tunnel
        101 21 CONSTRUCTION of a service tunnel to maintain the planned Channel tunnel is half-complete, the Eurotunnel consortium announced on Wednesday, with most of the progress being made by the British side. The British side has dug 17.5 km from the south coast port of Folkestone, while
        101 words
    • Article
      Netherlands to modernise ports for 1992
      158 21 Reuter THE Netherlands plans to spend a total of 648 million guilders over the next 10 years in expanding and modernising port infrastructure to help meet the challenge of Europe after 1992. The state will contribute 260 million guilders of this, with the remainder
      Reuter  -  158 words
    • Article
      Index to advertisers
      1049 21 AftC Contoinartina XJ 5 Accord S/ipg VM 3/4 AH XJM 3 Akranttal linar xa 5 AC Toapiar XM 5 AMricoN Nwgini XII 4 Arrow Unas XI 5 Aaoc Cor nag* XJII 5 AMI M Arc Una V* 4 An V 3-5 Asa V Altai Um xa 4
      1,049 words
    • Article
      NZ dockers' strike begins, 100 vessels expected to be stranded
      263 21 Reuter NEW ZEALAND dockers has begun a four-day national strike on Thursday, paralysing most exports and imports, port officials said. Waterside workers, protesting at an employers' plan to scrap a national contract, are expected to meet on Monday to decide
      Reuter  -  263 words
    • Article, Illustration
      Trio to increase FE-Europe capacity
      427 21  -  By LINDA CHEE THE TRIO Consortium will offer about 8,800 TEUs per week from the Far East to Europe with the addition of P O Container's (P OCL) two newbuildings. Sources say that two of Trio's Japanese members Mitsui OSK Lines (MOL) and NYK Line
      427 words
    • Article
      KCT plans more racks for import sheds
      310 21  -  By G DURAIRAJ KELANG Container Terminal (KCT), encouraged by its newly installed racking system, has planned more racks for the import sheds. Installation of the M 545,000 system in "M" and "N" sheds has significantly increased stacking capacity at the container depot at
      310 words
    • Article
      Philippines, Vietnam resume trade
      334 21  -  By AL O LABITA Jr THE Philippines and Vietnam have resumed their bilateral shipping trade. Ben Thanh, a Vietnamese general cargo vessel, recently dropped anchor at the port of Manila, unloading rice and rattan poles imported by the Philippines. The 2,535dwt vessel, part of the overseas
      334 words
    • Article
      Sony and Trans Asia Shipping set up joint distribution in M'sia
      118 21 Reuter SONY LOGISTICS (Singapore) Re Ltd, Sony Corp's distribution subsidiary, and Trans Asia Shipping Corp Sdn Bhd have set up a joint distribution company in Malaysia, Sony said in a statement. Sony Logistics (Malaysia) Sdn Bhd, owned 70 per
      Reuter  -  118 words
    • Article
      Shipping events
      405 22 Sep 4-8 Rendezvous de Septembre, 33rd annual international reinsurance meeting, Monte Carlo, Monaco. Sep 5-8 Offshore Europe, Aberdeen Exhibition and Conference Centre, Aberdeen, Scotland. Sep 8-8 P I, Lloyd's of London Press shipping seminar, The Ramada Hotel, 10 Berners St, London Wl. Sep 7-10 International marine trades exhibition,
      405 words
    • Article, Illustration
      Japanese officials propose canal through Central America
      744 22 FT A GROUP of top level Japanese scientists, businessmen and politicians has proposed the construction of a US$25 billion inter-ocean canal through Central America as an alternative to the Panama Canal. Titled the "grand canal project in Central America", the plan presented to
      FT  -  744 words
    • Article
      Bunker market report
      540 22 Density Water Carbon Ash Aluminium Sediment Residue KG/M*3 V/V M/M M/M PPM M/M Euon method ISO/Cimac limits Spec E25 991 1.0 15.0 0.10 30* 0.10* Spec G35 991 1.0 18.0 0.15 30* 0.10* Northern Europe 180 Ave 983 0.2 13.5 0.05 9 0.03 180 Max 1003 2.6
      540 words
    • Article
      Container schedules/Ships in port
      2093 22 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Transtainer Schedules Blk Op Gdn Date/Time Time From Time To Booking Gate Al AJWKKfc* *****9 0700 *****0 *****5 Doc (a 2 N5 00 EOS Al Wotbo 48 *****9 0700 01/0730 *****0 Tlx/To. 2 OS 00
      2,093 words
    • Article
      Lack of trains hits Tanzania-Zambia Railway
      535 22 Lack of trains hits TanzaniaZambia Railway SHIPPING TIMES, Friday, September 1, 1909 Reuter SOME 20,000 tonnes of fertiliser lies uncovered on a quay in the Tanzania to Zambia,'' said an official of the Tanzania Harbours Authority. Since it opened in 1978, the railway has provided Zambia with an extra outlet
      Reuter  -  535 words
    • Article
      Argentina builds versatile tanker
      256 23 ARGENTINA'S biggest shipyard, Astilleroe Rio Santiago, has Just started the construction of a LRclassed 30,000-dwt tanker capable of carrying four different types of products st the same time. The vessel, which will sail under the Argentinian flag, will be owned and operated by Trans Ona of
      256 words
    • Article
      London Freights
      740 23 THE DRY cargo freight market on Wednesday was again limited to a handful of bookings, but at least three 64,000 tonnes dw Panamax vessels were fixed for period time-charter, brokers said. One was fixed from the Continent for two years trading at US$l2,OOO daily, another for 11 to
      740 words
    • Article
      SHIPPING LIST where your ships are due
      10292 30 AANHUS Noraala Paarl. Noraala Llna. Sap 1. Villa da Satuma. CM O AWratamant. Sap Ming Promotion. Yang Ming. Sap 3. Toyama. ScanOutcht. Sap 4 HK Contalnar. Maarak Llna. Sap 4. Evar Glamour, Evargraan. Sap 9. Bonn tjpraaa. Trtot, Sap 6(MQ. Luna Maarak. Maarak
      10,292 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      31 21 "The Illustrated Encyclopedia of Wildlife" Fortnightly at all good bookshops news-stand, M Idli/ s For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
      31 words
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      Page 21 Advertisements Column 2
      18 21 Lines and services represented by Members ol the Registry of Accredited Shipping Agents. Singapore National Stiippmg Association \y^^/
      18 words
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      Page 21 Advertisements Column 3
      50 21 WM AMflrtteataf 0000 OOOWrKipi ★2 FIXED DAY SAILINGS PER WEEK LOADING EVERY WED. THUR. DISCHARGING EVERY FRI, SAT. ★FASTER TRANSIT ★ONLY 19 DAYS TO FIRST PORT IN EUROPE //V voto) y. gf SHIPPING CONTACT: ll -HKL* MANSFIELD CONTAINER SHIPPING PTE LTD^arr^ (A SUBSIDIARY OF STEAMERS MARITIME HOLDINGS LTD) tel: *****33
      50 words
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      Page 21 Advertisements Column 4
      105 21 INSIDE I'Jo! L'V 1 V Building another canal? A GROUP of top level Japanese scientists, businessmen and politicians has proposed the construction of a US$25 billion inter-ocean canal through Central America as an alternative to the Panama Canal. PAGE N Lack of wagons hits Tazara SOME 20,000 tonnes of fertiliser
      105 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      807 23 OOCL Pedicatfc) lo Quality Stiivicf. JARDINE SHIPPING ACENCIES 200 Cantomnant Road #12-06 SouthpoMt. Support CBU T(i 2218U TELEX NO RS ***** TERMWAUCFS TM *****11 220 BOOKINGS Tet *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON. MO. PORT KELAN6 TEL 36N4111 Tata "^^^SOl PENANG TEL *****4 TELEX NO MA***** CFS TEL 34SW
      807 words
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      Page 23 Advertisements Column 2
      1273 23 MAERSK LINE DESTINATIONS SiM 2/9 /m 9/9 l«l MM 21/9 123/9 JO/% VIO I 7/10 12/10 14/10 »•/«> 21/10 23/9 25/9 27/9 2H 3M VIO «rto «/10 9/10 MO 9/10 HO 30/9 2/10 4/10 VIO 7/10 10/10 11/10 13/10 13/10 14/10 IVIO IVW 7/10 9/10 11/10 12/10 14/10 17/10 It/10
      1,273 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      714 24 Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT BONN EXPRESS CARDIGAN BAY BENALOER KURAMA MARU BENAVON TOKtO EXPRESS PROSPER OSAKA BAY TOLAOA BAY P KELANO SOUTHAMPTON 8/9 HAMBURG BREMERHAVEN ALSO ACCEPTING CARGO TO: All UK INIANO DESTINAT BELFAST, DUBLIN. COPENHAGEN. AARHUS, GOTHENBURG. MALMO. CARIBBEAN ft 1 AMERICA 1/10 2M a/io 2/10 18/10 9/10
      714 words
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      Page 24 Advertisements Column 2
      444 24 COLUMBUS LINE REEDEREI GMBH < A SERVICE OF HAMBURG SUD| EXPRESS SEMI CONTAINER SERVICE TO FT (ASIA-SOUTH PACIFIC JOINT SERVICE) MORAYBANK VUS COLUMBUS NIUGINI VW SPORE 4/1 Part Mfl Part Hrakf, Laa, Accepting LCL cargo tor main ports discharfa and alio to Wowak, Kaviong. Kiata. Honiara via TranshtoMnt H C
      444 words
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      Page 24 Advertisements Column 3
      819 24 REGULAR INDEPENDENT FULL CONTAINER SERVICE TO EUROPE <V«A raw) PM WL SIN FIX MAI IK ROT ANT LEM NORASIA PtINCCSS NM-3 M M M S/10 MO 7/M Ml Ml NORTH SEA CM 13/9 1$ I*9 IMO 1210 11/10 14/10 15/10 lfcAO NORA9A SINGA M2S-3 2<V9 21/9 22/9 17 10 19/10
      819 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      730 25 Steamers Maritime Holdings Ltd Wt P&O Containers STRAITS SHIPPING Cargo Fen ONTAINER SERVICE TO UK CONTINENT fin rjlag Its K-toi VtMina Uk m mn an an an mm mm an «m an an an mm an an mi iw w un um an *a am ma mm am an an
      730 words
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      Page 25 Advertisements Column 2
      683 25 ACROSS WATER MtAO IFIC£ RATTERT *0 MMVU STRAITS TRAOMC RUIUNNC TEL: *****55 (20 Lim) TLX: RS ***** FAX: *****05 WAREHOUSE (CTS) RU V 4M-2VX WWI WAREHOUSE TEL22MN* IfffTWfffiTi KK /Xi*TII^rrTvWBH EM 1AJL!!.I! fJW_4ili 7/9, 14/9 4/9. 8/9 5/9, 10/9 5/9 3/9. 10/9 5/9. 12/9 8/9, 15/9 7/9. 14/9 8/9. 15/9
      683 words
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      Page 25 Advertisements Column 3
      6 25 TEL *****07 TLX ***** FAX *****76
      6 words
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      Page 25 Advertisements Column 4
      338 25 /y Hni Sun Hup Co (Ptr) Ltd I. \S i i-:iiN* I !\}.K 1.1 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO 4 HEAVY LIFT! VOY. NO. SOU LM SERENE KOGGEGRACHT COSRBC MATSUYAMA LADY* TRADER 79 14 4 2 S'port In Part P. Kola* 3/9 NOTE: ALSO CALLING OTHER JAPANESE PORTS.
      338 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      432 26 11 SINOSE m MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES f virvi i vvtft PA 711 4/5 Sa* KYOWA LINE BITROOUCSM KYOWA FAST DIRECT B/BULK/CONTAMER SERVICE FROM S-PORE7PK TO OUAM/SA»AN AND ETA SPORE LOAD FOR:•EAGLE VI IS SEPT 'M GUAM, SAIPAN ~SEPT 3 SEPT 3t ANO MICRONESIA PORTS*
      432 words
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      Page 26 Advertisements Column 2
      480 26 Gh HAN JIN SHIPPING FULL CONTAINER SERVICE TO EUROPE VIA SUEZ 41 w w w w V 27* a* *1 1/W 2/10 iv) 4,10 yw (.10 «a vw nfl 11/K 12/w 1V» iy» woo FROM EUROPE VIA SUEZ I CONVENTIONAL SERVICE TO PERSIAN GULF INBOUND SERVICE FROM USA CANADA TO
      480 words
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      Page 26 Advertisements Column 3
      129 26 INTEROCEAN LINE 78, 2nd Floor, Jaton 2/71, Tomon Tun Or. lamoM, ***** KL. Tot: 71*734, ******4. *****20 TLX. NO. MA-37M3 FAX: 03-*****11 Ponang Off: Tot. *****7, *****2 accepting cargoes for the following ports loading for SYD. MELB. ADE BRIS EREM LE HVE HBG BREMEN R OAM GENOA ANTWERP UK PORTS
      129 words
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      Page 26 Advertisements Column 4
      648 26 ft EVERGREEN Round-The-World East Bound (FE/CARIB/jJSEC/EURQ/FE) UP K SS KS Round-The-World West Bound (FE/EURQ/USEC/CARIB/FF US WEST COAST OUTBOUND INBOUND FAR EAST/RED SEA/MEDITERRANEAN OUTBOUND -rr Mil JEO UM «U Ml in ap ap ap nm vm am up up up ana I) LM MUMS, TENERKL URN VM VIC, 2) MAM, 1
      648 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      671 27 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES VOY SIN jot 11/19 IVM n PFVf 1 i.- M 11/t 14/0 1710 It m am ir TT ii 7/i n/o y if y <i LU vit «n« ana ia/it 1M M M 4/i« i«n«
      671 words
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      Page 27 Advertisements Column 2
      406 27 EXPRESS CONTAINER S£R TO UK/CONTINENT TASMAN ASIA SHIPPING TO NEW CALEDONIA, FIJI AND NEW ZEALAND SIN MAIN UK (TO) MKC NOUMEA SUVA AKL NAP TM tfl ta explore* ss av» ij/io »io zj/io 2wio 22/S TA MAW NEK 3S 5/10 1/11 4/11 7/11 11/11 7/W TA VOYAGE* 20/10 15/11 tWll
      406 words
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      Page 27 Advertisements Column 3
      284 27 W|'Wm r» r^iV v M ir; i^C^4^ BOC rrrf mr*i -a K W i r: DJAKARTA LLOYD INDONESIAN NATIONAL LINE (A MEMBER OF ANRO) VI«M At.f \TS SINGAPORE EKA JAVA AGENCIES MALAYSIA HARPER SDN BHD DJAKARTA LLOYD INDONESIAN NATIONAL LINF TTT r< IL.-L! GZI ■IIJ b«*.l ill' frill VSUVOY SNK
      284 words
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      Page 27 Advertisements Column 4
      330 27 BOUSTEAD SHIPPING AGENCIES S port P KtUns ■yomayva nm aw a* PA6AN VM4W Urfll HM-AN VMM MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon Sport P.KtUng Parang Bangkok 3/31 Am 20Sa*t rf-E E THE BANK LINE JII-CONTAINEW SERVICE NORTHBOUND TO UKC SPORE ROAM MM TAMAJTAI SAMOA VlfiN 11/9
      330 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      452 28 V Kline l\ WVASAkI KIM N MSI lA. Ill) ~nTTT?3TiTruslgftrTl smm t. XPORT r-rfr IMPORT p—rrrrr* j 11 #•»;< rrr 5 i""jr-rr"'; lira OOCL FAIR 11? 1 T "#1 I t2 44UWI "A+* 5S Jl' i s :i j- iti,EXPORT J Jll *<' r**rr IMPORT 4^3 nwjn*l'JL'u4A*h HI 3 JOHORE
      452 words
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      Page 28 Advertisements Column 2
      497 28 EXPRESS CONTAINER SERVICE fcl/fcl ConMaara Saapfv* FJUImi fmmt Lm4m| tar. MM M FmMT Fate ISIOAS **J Ste Ism 1 rrwVWhAf*V**l LI OAS *45 10 Oct 00 4 Oct Fi—oMyi|My»id ISIOAS *44 IS Qd »Od ISOct Li OAS 1M KN» 11 Mm UN* FWMAMM LSIOAS *45 WOK 4Ok 4OK FiM*aaft|M/»MI nat
      497 words
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      Page 28 Advertisements Column 3
      214 28 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD a Ttta* Aytf SlrMt st*CAK»f mm Til nam <10 unis> r*< uusm GULF SERVICE: fm P. Mtm PWM "i 1 1 p 'i" CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA n OU P. KLANC Tol: 03 3517%1. 3«U»-7 Toloi No:
      214 words
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      Page 28 Advertisements Column 4
      481 28 m PHILI-ORIENT LINES PTE LTC MEAD OFT it f '."if. ROB'NSON ROAD <, V BUUDING SINGAPORE TE.E« RS «> Phu fa> EAST/FAI EAST Fa ft LA DESTINATION •fl. Vfi tt TM ttt: T*; m EAST/WOT Fa ft LCI 'Vj 2 TTTr ~y r\. LUx, .1-" ".'I.-TTTT7 52 hi iriii «sa
      481 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      1261 29 NEPTUNE MEMOES PTE. LTD. S3 **********08) n'3 i f i^* R O EXPORT vUi'WiH NEPTUNE ORIENT LINES LTD ffPIM SM BMD iisr ssr ;ss? zmn m VBL/VOY PMmW Perkaaa »18 Perkaaa 938 Perkaaa MS Peitaaa <68 r» KG SCP MOTHER VBL/VOY M/ 06 11/08 91m R Bridge 4W 06/06 07/06
      1,261 words
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      Page 29 Advertisements Column 2
      719 29 r SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: 120C41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** KMAMQ P. ROAMS MESSRS MAI TNONC SNIPPING 127 PanantStraat. Pwwnt Materia Ufi HANOI INC SYSTEM 00
      719 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      320 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTO. TEI 225 6868 (34 Utws) FAX *****39/*****76 TELEX RS ***** A/6 SSCMA. RS ***** A/B SSCAO ir h DSR-LINES .EB DE'JTFRACHT SEEREEDERt Re 1 INTEGRATED CONTAINER SERVICE TO EAST MEDITERRANEAN ft NORTH CONTINENT EUROPE OUTKMJNO ozze lEZE 1 T r T"/igaßTTaKi,i l iiai_ i t
      320 words
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      Page 30 Advertisements Column 2
      296 30 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANGI SEMARANG/PANJANG/CIGADING/ BENGKULU PADANG PERITA MAS ETA JQ/B/19 LTD 2WB (My rawing cargo at PPW/Jurong Port/Manna/Sembawang Yglfc Perita Shpa Trdg P L iMfi Tel No S33SS2S Tlx: ***** Fu *****86 PERITA CONTAINER LINE MV. MINUS* JAYA ETA bddk ETD DOCK FORTNIGHTLY SEMI-CONTAINER SERVICE
      296 words
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      Page 30 Advertisements Column 3
      297 30 IK'L REGIONAL CONTAINER LINES ASEAN PORTS BANGKOK 4 SAILINGS A WEEK New Hoct Agency Co Ud BKK (let *****801 SONGKHLA -1 sailing a week Hocfc Awncv Co Ltd Skla (Tel: ***** vessel Nov P.KELANG 3 SAILINGS A WEEK DASWANI Sdn Bhd Pkl (Tel: *****59) PENANG 2 SAILINGS A WEEK DASWANI
      297 words
  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      152 30 Regional Weather 2* SI !r j iS-j V» V S a S SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. SEP 1. IM9 R Thunderstorm Ternperotur. c Weather Wmd dirtction with tp««d«knots Rom Cloud, Sky W V h flh WifKi wxwh ore indicofed by orrows wfcich Hy with the wmd
      152 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      451 31 11 M I i' UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 Q IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR A. VSL 15/9 Iraq/Japan THROUGH B/U to BAGHOAO UPON REQUEST ACCEPTING CONTAINERS UPTMIMMiM REEFER SPACE AVAILABLE I ALSO
      451 words
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      Page 31 Advertisements Column 2
      341 31 fj m a RICHFIELD MARINE AGENCIES |S| PTE LTD TEL *****33 (10 Lines) FA* ***** IS I TELEX RS ***** RISHIP (3 Lines) ACCEPTING FCL AND CONVENTIONAL PEN/PKO ETA LOADING FCW NETSANET 1M OARE3SALAAM. MOMBASA. DJIBOUTI VOY MM ABBAS. MABBAWA. HOOOOAH MV AMMNET »10 QAMBBALAAM. MOMBASA. OJIBOUTt VOY 17WB ABBAB
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      Page 31 Advertisements Column 3
      684 31 VESSEL TANTO UTAMA TANTO UTAMA TANTO UTAMA TANTO UTAMA P.T. TANTO INTIM LINE SINGAPORE/SURABAYA WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL LCL/FCL CARGOES FCL/LCL i. i a a ii 3;im SYD/MEI BRI 04f9 FRESANTLE/ADE 06^ KEELUNG 07*5 KAOHSIUNG 07-S MANILA 04/9 BUSAN 07/9 HONGKONG 02/9 GENERAL AGENT:- MAINFREIGHT (S) PTE LTD
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      Page 31 Advertisements Column 4
      178 31 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE JiLT hjhui^. tll.'.'V ALL LCL/FCL ACCEPTABLE FOR COMPETITIVE LCL RATE CONTACT TAJ/ANWAR/JEYA CONTACT PERSONS ANWAR *****10 MS TAJ/JEYA *****71/2 TELEX/FAX NOS. RS 20M0 SALTRA/2247*73 Hamburg West Germany Tiger Line INDEPENDANT COMMON CARRIER SERVICE SINGAPORE MADRAS SHUTTLE SINGAPORE CALCUTTA SHUTTLE MV TIGER
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      Page 31 Advertisements Column 5
      100 31 FARGO SHIPP el: rill-m-i i f REGULAR EXPRESS FCL LCL SERVICE PORT KELANC (TCI ONLY) KEELUmi, KAOHSIUNG JAKARTA (FCL ONLY) TOKYO. KOK, BUSAN (FCL ONLY) KARACHI, BOMBAY, COLOMBO (FCL ONLY) a/i, 11/9. vsi% i7/i, a/9, afi s/i, 12/9, n/9, a/a, 3f* 1/9, IS/), 8/1, 29/1 2/9, 5/9, 4/9 I*9. *9
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      79 32 THE NATIONAL SHIPPING COMPANY OF SAUCHARABIA REGULAR RO-RO SERVICE TO MIOOLE EAST REGULAR RO-RO SERVICE TO USA/CANAOA UOI HAIL UOI OIRIYAH Also Acceptirvg FCL Containers for Charleston, Miami. Tampa and US Inland Points FCL ONLY ACCEPTABLE VIA BACTIMORE ASingapore I Malaysia SEGANI SON BHO E3 KIM SHIPPING S TRADING PTE
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      Page 32 Advertisements Column 2
      672 32 OCERnSERUICE L. m 900 tormkuit/offtCM in UiA mm 35,000 tractor* ft trucks. •0,000 points in U4A LCL/FCL MnrkM. C SAV I Compam.i SudAmericana de Vdpure* Chilean Line Est 1572 EXPRESS SERVICE TO/from CTU FEEDER tTPOREI HO THE* VESSEL NK TOKO AMCA KM AWTOfVALP SAI CYE VESSEL CSAV 1 M ATACAMA
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      690 33 Everett Lines I Wtov COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" LOADING FOR CALLAO, MAT ARAN I, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. MANOLOEVERETT ROSEEVERETT JOHNEVERETT P. Kateng 16/11 Sap Singapore Gdn KIWI Sap anisap 19/21 Sap
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      Page 33 Advertisements Column 2
      315 33 AUSTRALIA CONTAINER SERVICE ■FFSWI l«/» 2|^ ZIM WNUIA 11/10 VW U/IO I/no imo t/ti <fu 17(10 *10 a;c iani w i II ACCEPTING CARGO TO ACCLAIM VIA MLLBOURm AW) AISO FCt TO GUAM. HONGKONG, TAIWAN. PUSAN, MANILA 1 CEBU ZIM EILAT CONTAINER UNE WSSEL SIN CMR IETH IALX PIE VCE
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      Page 33 Advertisements Column 3
      561 33 SING KWANG HANG www TRANSPORTATION (FTf) LTD WEEKLY LCL/FCL SERVICE VESSEL JENHOL V.131N JENWEL 131N I l-ii J«V J I DESTINATIONS ETA MNQAPORE PORT KELANQ 1 SEP MANILA 1 SEP HONG KONG. ALL CHINA PORTS 2 SEP KEELUNG. KAOHSIUNG 3 SEP BUSAN 2 SEP TOKYO. KOBE 5 SEP CHI TT
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      Page 33 Advertisements Column 4
      433 33 PERINTIS LINE m weekly full container service WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA PRASE TIA PRABHAKTI PRASE TIA VOY SINGAPORE JAKARTA ETA FTO ETA ETD 20-21 2/08 4/09 6/08 6AM 292-293 5/09 6/06 9/09 9/09 22-23 9/09 11AM 13AM 13AM General Agents: ASIA
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      Page 33 Advertisements Column 5
      363 33 r PTC CONTAINER LINES FCI ICI SERVICE Sl* FM MIT 3/9 KEELUNG/KAOHSIUNG 4/9 BANGKOK 4/9 MANILA 2/9 JAKARTA 8/9 PORT KELANG/PENANG 4/9 BUSAN 5/9 TOKYO/YOKO/KOBE 4/9 HONG KONG ateo accepting cargo to Huangpu/Shenzhen/Fuzhou/ 2/9 LDN/FLX/LVP/SOU 2/9 RDM/HAM/ANT/LE HAVRE/GENOA also acceptors cargo to all Europe inland destinations 7/9 LA./NYC/SFO 4/9 VANCOUYER/TORONTO/MONTREAL
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      829 34 L MERCHANT MARINE CO., LTD EABTBOUNO TO USA FULLY CONTAINERISED TRANS-PACIFIC WEEKLY SERVICE TO PSW JF. '■'I. 11 1 r iu zn SIN NKC UN OM jsc mi vp am up mm 11c ap up ep mm mp me up ap mm up up ME 23/n am lip UP HP
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      Page 34 Advertisements Column 2
      427 34 JE CONTAINER LINE TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTINQ FCL BOOKINGS) FAR EAST SRI LANKA/ INDIA EUROPE/ UK CALCUTTA ONTTASOM SOUTHAMPTON tnjury 10*00* m WflVariß 7/1/81 REGULAR CONVENTIONAL SERVICE TO r> I SWISS SHIPPING PTE LTD M Tatok Ro*d §*-91. Tatok Blimili Houm Stagaaora MM. Ttf:
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      Page 34 Advertisements Column 3
      410 34 'v t-- y 'v os^ v e Mitsui OS K Lines JLid FULL CONTAINER UK/CONTINENT (TRIO) •«—^,e K ||_JJ! i 1 ssas MEDITERRANEAN (MED CLUB)* JEDDAH wLfyrnsw* i r MIDDLE EAST (OASIS)** frTCK>JMi MMtiAM 0««M nMMT MUM VOMOM WgTW W|W> IWI W*i W WIM rwwwtwn M MB U*| S JS
      410 words