The Business Times, 12 October 1989

Microfilm: NL16819
Total Pages: 36
1 36 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 THURSDAY, OCTOBER 12. 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    237 1 Dow down THE US stock market declined broadly yesterday morning, continuing the pullback that began in Tuesday's session. The Dow Jones average of 30 industrials dropped 18.94 to 2,766.39 in the first hour of trading. AP Footsie down LONDON share prices were little changed at midday yesterday
    237 words
  • Article, Illustration
    'Guthrie GTS wrapping up contracts worth $100 m'
    572 1  -  SHARE PRICES BOOSTED BY TALK OF THE ORDERS By ROSIE TAN FAST EXPANDING Guthrie GTS, which snapped up Shahzan Tower in Kuala Lumpur for Mslso million last week, is believed to be close to securing about $100 million worth of contracts. Talk
    572 words
  • Article, Illustration
    Singapore stocks end firmer amid soft regional markets
    250 1 FALLS ON regional stock markets had little impact on the Singapore market yesterday as share prices, led by property stocks, continued surging to new post-Crash highs. The Straits Times Industrials Index rose 8.07 points to 1,428.98 while the Business Times Composite Index
    250 words
  • Article
    Lock icon Norwegian wins economics Nobel Prize
    83 1 Reuter NORWEGIAN Trygve Haavelmo has won the 1989 Nobel Prize in Economics, the Royal Swedish Academy of Sciences announced yesterday. He has been awarded the U*****,000 prize for showing how economic theories can be tested. The citation said he awarded the prize for "his clarification
    Reuter  -  83 words
  • Article
    Lock icon KL's tax policy expected to remain the same
    152 1 Bernama THE REVISED 35 per cent Malaysian corporate tax from 40 per cent previously and good results from investment incentives will assure that the 1990 budget will contain no significant change in tax policy, an analyst said. Dr Arjunan Subramamam,National Tax Director
    Bernama  -  152 words
  • Article
    Lock icon Bank of Japan raises discount rate by 0.5 point
    214 1 AP THE BANK OF JAPAN raised its official discount rate by 0.5 percentage point to 3.75 per cent shortly after the morning markets closed yesterday. This is the second increase in the key lending rate this year, since the last one
    AP  -  214 words
  • Article
    US dollar finishes lower in Tokyo
    208 1 THE US DOLLAR finished lower in Tokyo yesterday as a result of the rise in Japan s discount rate combined with joint intervention by two central banks. The Bank of Japan (BOJ) announced during the Tokyo lunch break that it decided to raise the
    208 words
  • Article
    Lock icon Malaysia's lower trade surplus no cause for alarm: minister
    399 1 Bernama MALAYSIA'S balance of trade surplus during the first six months of this year, though 31 per cent less than the corresponding period last year, is no cause for alarm since the lower trade surplus is the result of faster import
    Bernama  -  399 words
  • Article, Illustration
    HK$l27b show of confidence
    502 1  -  STATE-OF-THE-TERRITORY ADDRESS BY HONGKONG GOVERNOR By FOO CHOY PENG IN A BID to shake off its "lameduck" image, the Hongkong government yesterday announced a colossal HK$l27 billion (5531.8 billion) investment programme to improve the colony's infrastructure. The investment programme, designed to demonstrate the government's commitment to,
    502 words
  • Article
    Dim prospects for HK tourist trade
    473 1  -  By JOHN TAN, SANGEETA MULCHAND HONGKONG is scaling down further its expectations o! tourist arrivals, and is now working hard to maintain zero growth that is the 5.6 million visitor figure which was recorded last year. The latest revision follows a marginal 5-per-cent growth
    473 words
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      Page 1 Advertisements Column 1
      132 1 Cassette Receiver D Series FUJITSU TEN AMATEUR PHOTO STORKS PTE LTD. Singapore: Phone, *****33 Kuala Lumpur: Phone. 757 0233 Penang: Phone; 615 985/619 014 Jakarta: Phone, 374 065/*****72; Followers or leader... jl. Baume Mercier GENEVE H XiERS DEPU'S tB3O yi 11 i i 111* imi Kwwra' BKYONI) PERFECTION. Pi Mil
      132 words
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      Page 1 Advertisements Column 2
      202 1 Full report, PAGE 20 Regional markets, PAGE 22 World markets, PAGE 23 wJ VJI Lh vJ >JI Inter-Pacific must Asian Market 10 Editorial Comment: 12 South Korea 7 oiler lor Taipins Commodm«, 9 A re-think on re-tenders Big businesses under fire Produce Rubber Tin j Bonvests raises Mr cargo 12
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      Page 1 Advertisements Column 3
      16 1 BACK PAGE: PM's libel suit against FEER executive summary of Day 12 More storlea, Back Pag*
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      Page 1 Advertisements Column 4
      89 1 I Rodenstock Quality before your eyes MMA ifeteL'* Future of HK rests wNh Ha pwpto, BACK PAGE JgF you be liable I-m W for each year? ||TY Send for our free step-by-step Home jl Buyer's Guide to help you through the mJ II j biggest financial decision of your life.
      89 words
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  • HOME NEWS
    • Article
      Seagate Technology doing away with use of CFCs
      375 2  -  By GENEVIEVE CUA THE BIG DECISION to end the use of ozone-depleting gases can sound surprisingly simple for one company switch to water. Giant disk drive maker Seagate Technology will be doing just that, but to the tune of $8 million, as
      375 words
    • Article
      Need for manufacturing industry to be up-to-date
      170 2 IF SINGAPORE'S economy is to sustain its healthy economic growth into the future, then the manufacturing sector must be supplied with up-to-date information on standards and certification requirements in our major markets. Mah Bow Tan, Minister of State (Trade and Industry Communications and
      170 words
    • Article
      TDB sets up institute to develop export expertise
      547 2  -  By JEFFREY TSANG TO ENCOURAGE Singapore industry to sell overseas, the Trade Development Board has set up an institute to develop expertise on export and international marketing. The Export Institute of Singapore (EIS), set up at a cost of $12.5 million, will
      547 words
    • Article
      Americans to sample Singapore culture and cuisine
      308 2 SINGAPORE'S culture and cuisine are the main attractions which a Singapore Tourist Promotion Board delegation is highlighting to woo American tourists. The delegation started its four-city tour this week in Los Angeles and San Francisco. Comprising mainly chefs and dance performers, the delegation
      308 words
    • Article, Illustration
      Haji Ya'acob dies of heart attack
      256 2 VETERAN politician and diplomat Haji Ya'acob bin Mohamad died yesterday of a heart attack at the Singapore General Hospital. The former senior minister of state (Prime Minister's Office) was 64. He first suffered a heart attack in August while he was attending the South-east
      256 words
    • Article, Illustration
      A meeting with parliamentarians
      325 3 THE QUEEN'S VISIT SINGAPORE parliamentarians turned up in their smartest attire to meet Queen Elizabeth II at Parliament House yesterday. The Queen, who wore a pink and blue dress, was introduced to 20 Members of Parliament and their spouses by Speaker of the House Tan Soo
      325 words
    • Article
      Scottish trade mission coming to Singapore next week
      106 3 A TRADE MISSION organised by the Scottish Council Development and Industry (SCDI), Scotland's leading independent authority on export promotion and trade development, will be in town next week. Past missions had proved so successful that the council had increased their frequency to
      106 words
    • Article, Illustration
      Canadian PM coming for visit
      154 3 CANADIAN Prime Minister Brian Mulroney will arrive here on Saturday for a four-day official visit, the Canadian High Commission said yesterday. He will be the first of nearly a dozen VIPs expected to stop over here on their way to the Commonwealth Heads of Government
      154 words
    • Article
      New dates for hearings on land transport policy
      62 3 PUBLIC hearings by a Select Committee on Land Transportation Policy will now be held on Nov 2 and 3, and not as earlier scheduled on Oct 25 and 26. More than 20 individuals, groups and organisations have been invited to appear before
      62 words
    • Article
      Diplomatic ties with Ghana
      40 3 SINGAPORE and the Republic of Ghana have established diplomatic relations at ambassadorial level. A Ministry of Foreign Affairs statement said yesterday that the ties were established to strengthen and develop friendly relations between the two countries.
      40 words
    • Article
      S'pore firm helps Chinese enter African markets
      384 3  -  By WALTON MORAIS SINGAPORE expertise has helped state-owned Chinese conglomerate. China North Industries Corporation (Norinco). to penetrate African markets. With local trading company Eximwood International acting as mission leader. Norinco secured US$l million worth of orders half on the spot, and the other
      384 words
    • Article
      Straits Steamship Land in venture with HDB
      356 3  -  By WILLIAM CHIA ANOTHER listed company has gone into the business of managing public housing estates following the privatisation of this activity. Straits Steamship Land Ltd. a member of the Keppel group, announced yesterday that it had invested $4 million to take up
      356 words
    • Article
      Sisir in link-up with AT&T
      150 3 A TIE-UP between the Singapore Institute of Standards and Industrial Research (Sisir) and the American communications giant AT&T to provide quality management and engineering services will be announced tonight. The announcement will be made by Colonel (Res) Quek Poh Huat, chairman of Sisir. at the
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      360 2 MBSKHPaii) jm Seminars and courses Oct 14 Monoglng Public Hotel New Otonl Dotoseorch *****31 Relations For Resources Corporate Success Oct 16-20 Corporate Financial Century Park University TXATTX) Manogement Strategy Sheraton of California Times Conferences Oct 17 Recruitment, Selection Boulevard Hotel Dominion Orientation Conferences Publications Pte ltd Oct 16 18 Understanding
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      79 3 ACER TATH WO RLP WALKS IN ROSSET T I Designed far the busy esecu&vc, E The Estate business style shoes K 1 t trenkTheemptassoncomfcr Vi leather and limits. P VI -^mPii r FRATELLI ROSSETTI SINGAPORE MALAYSIA Q9[^K^EkS9|H|HJ BOUTIQUES 101-028 Shaw Centre. 1 Seeds Road. Singapore 0922 kt Floor. Shangri-La Shopping
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  • Page 3 Miscellaneous
    • Miscellaneous
      Page 3 Miscellaneous Column 1
      197 3 WEATHflfcftfi, and waathar forecast I 'lllfl lor Oct 12 city Max/ Not* OUTLOOK: Showere uu over NMrd ir*M In (OC) Mm morning. Report for 24 hour* prior Aberdeen 15/10 Windy 7.30pm on Oct 10 <* Amsterdom 16/10 Sonny Athens 20/12 Sunny Auckland 18/13 Windy Awwc UumllMlu Bangkok 24/27 Shower* aZ,'„
      197 words
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  • FOREIGN NEWS
    • Article, Illustration
      Lock icon Don't repeat Cultural Revolution mistakes: paper
      335 4 CHINESE GOVERNMENT SPOKESMAN URGES MODERATION AFP CHINA'S People's Daily newspaper has warned in an editorial of the risk of repeating "leftist mistakes of the Cultural Revolution", and has called for "unity and stability", as the ultraconservative movement takes hold. In another article in the
      AFP  -  335 words
    • Article
      Lock icon Beijing accuses Taipei of buying friends
      244 4 Reuter CHINA yesterday accused Taiwan of using "silver bullet diplomacy" to buy friends one day after Beijing cut ties with Liberia for recognising the Nationalist island. The People's Daily newspaper, in a front-page commentary, said the Nationalists were pursuing a two-China policy that would
      Reuter  -  244 words
    • Article, Illustration
      Lock icon Greenspan discreet about Moscow talks
      298 4 FT ENDING TWO DAYS of talks in Moecow on Tuesday with top Soviet officials, the chairman of the US Federal Reserve denied noting any "sense of crisis". As Alan Greenspan spoke, the Soviet Parliament was debating the imposition of a total price freeze to counter
      FT  -  298 words
    • Article
      Lock icon EC lays basis for accord on merger control scheme
      355 7 AFP EUROPEAN COMMUNITY (EC) ministers yesterday claimed a breakthrough in a scheme to give the EC executive sole authorisation for large cross-border mergers in the EC. After late-night negotiations on Tuesday, they agreed on the size of the merger that should
      AFP  -  355 words
    • Article
      Lock icon Toyota to increase imports of computer chips by seven times
      266 7 Asahi APPARENTLY bowing to pressure from the United States, Toyota Motor Corp plans to increase its annual purchase of foreign-made computer chips seven-fold by the end of 1992, Japan's largest carmaker said earlier this week. Also, in a separate move,
      Asahi  -  266 words
    • Article
      Lock icon S Korea's big businesses under fire
      592 7 INVESTMENT IN PROPERTY AND SECURITIES CRITICISED FT SOUTH KOREA'S large conglomerates have come under sharp attack in Parliament (or investing in property and securities, instead of upgrading capacity and moving to higher technology manufacturing. In evidence to the National Assembly Finance Committee, the top
      FT  -  592 words
    • Article
      Lock icon US to lodge complaint over new European Community TV programme quotas
      255 7 AP WASHINGTON will file a fair-trade complaint against the European Community over a non-binding EC quota system designed to limit imported TV programmes to no more than half of all shows aired, says US Trade Representative Carla Hills. Mrs
      AP  -  255 words
    • Article, Illustration
      Lock icon Seoul politicians hit out at demands of 'Rambo' Hills
      465 7 Reuter SOUTH KOREAN politicians of all stripes yesterday blasted hardline demands by visiting US trade chief Carla Hills, saying more talks, not "Rambo-style" threats, would break the deadlock on bilateral trade. The mood in economic and political circles was increasingly hostile,
      Reuter  -  465 words
  • Article
    DAILY AIRCRAFT MOVEMENTS
    994 4 ARRIVALS Operator Svrvtc* Local From number rim* AUC UC454 0020 Cm* SU soon 0040 LAX/NTT AM HK AHK531 OHO MKG KAL KE697 0155 S& TMA TU51I 0430 BCY/SHJ/KUL S1A SQ409 0520 MAA IAC •C555 0655 MAA SA SQ407 0740 DCL S1A SQ023 0755 AMS/ZRH DLH LM7M oeoo
    994 words
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      Page 4 Advertisements Column 1
      193 4 IF YOU SPECIALISE IN FINANCE, SHOULDN'T YOUR INFORMATION SOURCE DO THE SAME By n today's financial world, a profit can turn into I a loss in a matter of seconds. Which is why your screen gets your undivided attention. At Telerate, we've given our undivided attention to the world's financial
      193 words
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      Page 4 Advertisements Column 2
      134 4 1 I a. B I I m m I nurnzy, xurday and junoy. Leaving unngi I II /■■•l Tfl I Airport at 22:05 noun and arriving *o'H*e I I I M International Airport the following day. Call your travel agent or Air Canada at 732 #5)5. A Breath Of Fresh
      134 words
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      474 5 3r H W^KL^I^^^HBSB^B||H M mL 4#*'l #f #^rI |JH«ir x| I *jij, 'J fnjHH c ;?-4 1 ih'iin v 'ZzaSfrlP^H^-^4*^^ 1 Subaru Legacy. I Holder of theloo,oookm i I World Speed Record I and 14 other New Records. II The Ultimate Challenge breaking prowess is a host of technological this
      474 words
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      169 6 f*- TRADE FINANCE ©1989 Security Pacific National Bank >jr i w ?*i;: 3 3 :^1 11 I (H1 P He m m m g< 1 11 V .j if your business is in tlie process of expanding into handle any of your trade finance and capital investment needs. I kj;
      169 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      31 7 mat has' leader inadvanced about the complete IBMobiigrMM* sp«ciai wash away. They JurongTown, Automotive (Mdy) Grease have greater adhesive Singapore 2262. Tel: 660 6345. Mobil The world leader in lubrication technology.
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  • Page 7 Miscellaneous
    • Miscellaneous
      Page 7 Miscellaneous Column 1
      65 7 Doonesbury by garry trudeau HOUJMUCHOFA NOT MUCH. I ASSUME, NOT AT ALL. I THINK ITS TTdNPS SETBACK IS rT IHESHOULP HOUJEVER.THE ME"REGOING KJNPOFA UMTH A K, PETER, TMNOUJ 1 THAT WURMEN BE ABLE TO OPERATION TOFINPTH& FOREIGN- VOWEL, TALKING TOM4TTE 1 JUST BROKE POUN SETTLE OUT CANCELS? 'DRUG GUT IF
      65 words
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  • FOCUS
    • Article, Illustration
      Lock icon Privatisation plan in Malaysia gets things going
      1285 8 Several governments have begun moving some of the enterprises they owned into private hands. In Malaysia, 22 projects have been privatised so far. Foreign interest in the process was evident when last week, 70 KL government and business officials were hosted aboard the
      Bernama  -  1,285 words
    • Article
      Lock icon Programme moves into high gear next year
      681 8 Bernama THE PACE of Malaysia's privatisation programme will move into higher gear next year with the hiving off of two huge agencies the National Electricity Board (NEB) and Malayan Railway. Although a number of agencies among the more than 240 earmarked for privatisation
      Bernama  -  681 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      329 8 il *i r WW 1 1 Iff jfihtr.. aJ^k'' MHUraS^ HL JK <^ ■s^-^ ft i# I pr l Jfc ll <y Epson's new 386. When you can't afford pit stops. mIf your office is working in the fast lane, the last thing you need is to be Your largest
      329 words
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  • COMMODITIES
    • Article
      Lock icon Soybean
      105 9 Reuter HEAVY COMMODITY FUND selling forced CBOT soybean futures to extend Monday's sharp losses, and spot November set new life-of-contract lows of US$5.5O-3/4 a bushel. The contract closed at U555.52-1/4, down 4-1/2 cents, with other contracts 4-1/4 to 6-3/4 cents weaker. "Late short-covering lifted the market off its lows,''
      Reuter  -  105 words
    • Article
      Lock icon Wheat
      122 9 Reuter CBOT soft red winter wheat settled mixed on Tuesday, fractionally higher in nearbys with the December up 3/4 cent per bushel at US$4.O7. In spite of a hard sell-off to new life-of-contract lows in the neighbouring soybean pit, traders said the wheat market remained confined within a relatively
      Reuter  -  122 words
    • Article
      Produce Prices
      196 9 Chinese Produce Exchange Sellers' noon dosing prices on October 11 (S$/100 kg) Coconut oil Bulk FOB 92.00 Old drum FOB 102.00 Now drum FOB 106.00 Copra Mixed (loose) 52.00 sellers Pepper it. .I-. l». munTOK wfMii FOB NLW 490.00 Sarawak white FOB foq NLW 480.00 Sarawak spedol blade
      196 words
    • Article
      London markets
      197 9 London Commodity Exchange Buyer/Seller closing prices on Oct 10 (£/tonne unless specified). Previous closing prices in parenthesis. CoffM Basil ln-store London, sellers option OF London Nov 686/690 (669/670) High/Low 690/665 Jan 672/674 (654/655) High/Low 674/657 Sales (2607) Cocoa Dec I 752/760 (753/754) High/Low 760/750 Mar 719/720 (718/720) Hltfi/Low
      197 words
    • Article
      Lock icon Precious Metals
      439 9 Reuter HONGKONG: Gold closed little changed yesterday in quiet and tight-range trading with very little activity from overseas investors, dealers said. Bullion closed at U*****.00/50 against an initial U*****.80/361.30 and New York's U*****.75/ 361.25 close. Local gold ended HK$ll lower at HK53,364 a tael. Coins were lower. TOKYO:
      Reuter  -  439 words
    • Article
      Rubber
      289 9 SINGAPORE: Rubber prices closed easier yesterday, but above the morning's lows on light short-covering interest in thin afternoon trading. "The near-term sentiment is bearish.'' one dealer said. Nov 1 RSS buyer was quoted at 164.25 cents a kg. down 1.75 cents from Tuesday's close. On the TSR-20 Award market,
      289 words
    • Article
      RAS and MRELB
      276 9 RAS prices m s fob m NOON CLOSE Buyors S*tl*ri 8t/yors S«ll«rj bit 1 RSS Prompt ***** 163.75N 162.50 163 JON bit 1 RSS Nov 164.50 165.00 164.25 164.75 bit 1 RSS Doc 167.25 167.75 167.00 ***** bit 2 RSS OP ***** 164.50N ***** *****N bit 3
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    • Article
      KL Tin
      192 9 RENEWED aalllng ahaad of ttx holiday lodiy and lowar London Motal Exchanga (LME) praaaurad tt>« Kuala Lumpur Tin Marital (KLTM) prica down 30 aan to doaa at M 621.62 a kg yaatarday, brokars said. A hlghar offarlng of 160 tonnaa agalnat bkto of 30 walghad on tha prica
      192 words
    • Article
      Palm Oil
      541 9 MALAYSIAN CRUDE PALM OIL FUTURES finished slightly steadier in moderate trading on the Kuala Lumpur Commodity Exchange yesterday. Dealers said prices were higher due to the short-covering activity ahead of the public holiday today. They added that uncertainties towards the US dairy report and India's tender in the
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      23 9 I -rfrfHf 7P iTfrm»iWitr mSmmSZ^KKKKn^^^^*- Back in 1965, Madam Lim Mei described herself as a contented housewife. She listened to rediffusion every day.
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  • MONEY AND EXCHANGES
    • Article
      Simex
      543 10 EURODOLLAR futures closed higher across a broad front on active short-covering and commercial buying interest yesterday, dealers said. "The active buying and position adjustments came after a surprise hike in the Japanese discount rate and following joint intervention by the Federal Reserve and the Bank of Japan against the
      543 words
    • Article
      SINGAPORE:
      277 10 THE US dollar strengthened in New York on Tuesday after comments by Federal Reserve chairman Alan Greenspan that short-term currency stability may be counterproductive and that the Fed hesitates to lower interest rates as it may lead to inflation. Sterling weakness also supported the dollar. However, during lunch time
      277 words
    • Article
      Forex markets
      967 10 would not allow the dollar to touch the top at around 146-145 yen and 1.9150 marks, he added. The Hongkong dollar eased to 7.8075/85 to one US dollar from the local close ot 7.8070/80 on Tuesday. TOKYO: A 0.5 percentage point rise in Japan's discount rate, combined with
      967 words
    • Article
      Options
      975 10 CURRENCY FUTURES OPTIONS Wednesday October 11, 1989 DEUTSCHE MARK (SIM EX) DM M MM DM M P«*» M*i lM M H«9* Lw Mi 52 53 54 JAPANESE YEN (SIMEX) OM M cam D* M ptMi M0I LM M Low um CURRENCY FUTURES OPTIONS IMM Tuesday, October 10, 1989 MITWI
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    • Article
      Asian dollar market
      261 10 ASIAN dollar deposit rates ended unchanged at their opening levels after quiet trading. "Rates are likely to move narrowly tor the time being until Friday's release of US September retail sales dsta and producer price index," said one dealer. Term rates began narrowly mixed and remained little
      261 words
    • Article
      IMM
      245 10 IMM CURRENCY futures closed lower on Tuesday after Fed chairman Alan Greenspan cooled speculation of easier US credit policy and stirred a dollar surge, traders said. "Greenspan was the impetus for the move today," said First Options analyst Jim Leatherberry. Speaking in Moscow, Mr Greenspan said the short-term stabilisation
      245 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      200 10 WHERE ANCIENT MANDARIN WAYS LIVE ON ■fll Wt ng *Wm i *v?+. /»iii The Mandarins China believed, as we the of Confucius. only the should govern; the aristocracy should be one learning; that to the y«l highest ranks should be won on merit in open competition. When we go to
      200 words
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      Page 10 Advertisements Column 2
      41 10 PRIME FREEHOLD DEVELOPMENT SITE m47»OK«TSOMOUAT an mL/f Fronting Singapore Total Land Area: River 23,303.84 sq ft Within area designated Tenure: Freehold for redevelopment into Zoning: Comprehensive new tourist attraction Development Area For further info* motion A brochure contact Sole Marketing Agent
      41 words
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  • BANKING AND FINANCE
    • Article
      Lock icon D&C Bank reassessing its strategies
      136 11 Bernama DEVELOPMENT Commercial Bank Bhd is in the process of reassessing its strategies and identifyl ing its present strength and weaknesses to poise itself for the next phase of growth and expanx sion. O&C chairman Khoo Eng Choo said in the company's 1988 annual report
      Bernama  -  136 words
    • Article
      Comex gold/ silver futures
      173 11 Gold futures on October 10, 1989 100 tray ounces; USS per troy ounce Op*n High Low SoWo Oct 362 50 362.50 362.50 361.00 -2.10 No* 363.30 -2.20 Ooc 367.60 367.80 364.70 365.20 -2.20 Fob 91 371.30 371.30 368.80 369.20 -2.20 Apr 374.50 374.50 373.30 37X20 -2.30
      173 words
    • Article
      Money markets
      58 11 THE overnight rate on the Singapore money market was unchanged at 5-7/16 per cent yesterday. Term rates were all 1/16 lower at 5-5/16. S$ Interbank rates at the close yesterday: OffW BID night 5 7/16 5 5/16 1-menlti 5 5/16 5 3/16 2-month 5 5/16 5 3/16 3-flwnrti
      58 words
    • Article, Illustration
      World interest rates
      204 11 Indicate* the average of the prime lending rates of 12 major banks in Singapore Interbank market rates (offer/bid) on Oct 11 USS DM SWFC Yen 7 doy. 8 7/8 8 3/4 15 14 7/8 8 1/16 —7 15/16 7 1/a —7 3/8 6 1/l« 3 IS/I* 1
      204 words
    • Article
      Lock icon Crude Oil and Products
      145 11 Telerate Trade for HSFO was light in Singapore yesterday. Prices held unchanged from the start of the week. Sentiment was steady although a few players cautioned that high refinery runs may soon take their toll on spot indications. Talk for October CSTIBO is currently at $93-95
      Telerate  -  145 words
    • Article
      Government securities market
      102 11 Treasury bills Period Issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****N 11.01.90 4.28 4.23 4.30 4.20 6 months BS*****V 18.01.90 4.24 4.19 4.25 4.23 1 year BY*****F 24.05.90 4.36 4.31 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code
      102 words
    • Article
      Lock icon Liffe plans electronic system to extend trading hours
      324 11 AP THE LONDON International Financial Futures Exchange said on Tuesday that it will introduce an electronic trading system next month to extend its trading hours in hopes of attracting more international business With a Nov 30 launch date, the Liffe will beat
      AP  -  324 words
    • Article
      Sanwa Bank buys 15pc stake in Bank of Commerce
      335 11  -  FLEET GROUP TO GET $23.2 m FROM SALE By HONG LEE TIAM SANWA BANK has reached an agreement to acquire a 15 per cent stake in Malaysia's Bank of Commerce Bhd (BCB) from the Fleet Group Sdn Bhd. This deal marks
      335 words
    • Article
      Lock icon Britain rules out bid for early membership of EMS to bolster sterling
      421 11 FT THE BRITISH government on Tuesday dismissed any early move to take sterling into the European Monetary System as marked differences surfaced within the senior ranks of the Conservative Party over the Chancellor of the Exchequer's handling of
      FT  -  421 words
    • Article
      Leasing contracts may hit $500 m
      350 11  -  By QUAK HIANG WHAI THE VOLUME of leasing contracts in Singapore is expected to hit the half-a-billion-dollar mark by the end of this year, up from $406 million last year. This was predicted yesterday by the visiting president of Asian Leasing Association, Tjiptono Darmadji.
      350 words
    • Article
      Lock icon 'Europeans laundering drug profits'
      110 11 Reuter FRENCH President Francois Mitterrand, looking recovered after a bout of fatigue, accused European finance houses on Tuesday of laundering illicit drug profits. In a 30-minute speech to the Venezuelan Congress, he said: "Money which is too easily earned and that can be easily covered up
      Reuter  -  110 words
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      Page 11 Advertisements Column 1
      35 11 xfm j mtg^M ]VI i i In 1973, Ivy Wong and Wei Kuan turned on to the groovy sounds of the Beatles, I the Stones and the Animals. Of course, they tuned in to rediffusion.
      35 words
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  • PERSPECTIVE
    • Article, Illustration
      Lock icon Boom in air cargo busting carrier capacity
      1395 12  -  The soaring demand for cargo space is putting pressure on carriers, freight rates and aircraft manufacturers alike. KEITH BRADSHER reports on how the air cargo industry is standing up to the strain. KEITH BRADSHER NYT SHARP GROWTH in cargo shipments by air is
      NYT  -  1,395 words
    • Article
      A re-think on re-tenders
      525 12 IT WAS A coincidence that two government bodies 'the Urban Redevelopment Authority (URA) and the Singapore Tourist Promotion Board (STPB) called for re-tenders for two major projects last month, but developers understandably wondered whether they signalled some new and unwelcome trend in government tenders. In both
      525 words
    • Article
      Lock icon Other problems overshadow US-Canada FTA
      672 12 NYT NINE MONTHS after the US-Canada Trade Agreement began chipping away at tariffs and trade barriers between the two countries, trade relations between the world's two busiest trading partners have slipped once again to their accustomed place on the policymakers' back burner. In Canada, after
      NYT  -  672 words
    • Article, Illustration
      Lock icon Rampaging hordes of a different kind welcome
      705 13  -  HUNGARY By PETER FUTO, TIRZAH AGASSI IHT THE WHOLE WORLD understands that Poland needs aid. But Hungary does not need aid. What Hungary needs is hundreds of thousands of investors. Today there is a unique situation where the interests of Hungary, Western governments
      IHT  -  705 words
    • Article, Illustration
      Lock icon Can a commonwealth unite them?
      828 13  -  THE GERMANYS The German question has reopened with the recent exodus of East Germans. FRANCOIS HEISBOURG of the International Institute for Strategic Studies looks at possible scenarios for the unification of the two Germanys. FRANCOIS HEISBOURG IHT AS THE German Democratic Republic celebrated its 40th
      IHT  -  828 words
    • Article
      Lock icon A family strives to stir the national conscience
      487 13 RACISM IN JAPAN AFP FOR NEARLY A YEAR, a family has been waging a lone campaign against anti-black racism in largely homogeneous Japan. It began when Toshiji Arita, a 40-year-old education specialist, and his wife Kuniko tried to explain to their then
      AFP  -  487 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      200 12 vimwCALL DQU il SHELL TAKE CARE OF YOUR/NEEDS. ;gjjt DAY *****) KIBhL New 24 Hour rrl ;rvl UHp 'Loan and Information ,4J t) Hr Sen/ice and Approval' Call Hong Leong Finance: r -ji r ol r ol W *****44 JJ *****44 J iJ approved I Map prove Loan ft 1
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      Page 12 Advertisements Column 2
      124 12 Shanghai 6 OCTOBER TO MID-NOVEMBER HP he famous Hairy WM 1 Crabs are back at the Goodwood Park Hotel. For that once-a-year opportunity to sink your teeth the thickness At the Goodwood Park's Chang Jiang Shanghai Restaurant, these airflown crabs are steamed to mouthwatering perfection, and served with fragrant vinegar.
      124 words
  • Page 12 Miscellaneous
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      51 13 BIHHH < W -J®*,V? mm H |IBi \«r I ■IMS ;1H *Hffwn7yTmBp HB gaaß i Bfl Ha BMlt^J^tf '-"'3^M Bp- M II LAX PI 1 H^ |g^||pgaa> > In 1982, Mrs Doris Chua had her first child and became a thoroughly liberated WORKING MOTHER. BUT SHE STILL FOUND TIME TO
      51 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Ad agency joins the direct marketing crowd
      555 14  -  SAATCHI SAATCHI AT HOME AND ABROAD By GENEVIEVE CUA MARKETING, which jQsed to be an ad-hoc segment of 5 9n advertising agency's activities, appears to be coming into !3§3 own as more firms are giving *Brie nod to independent direct operations of their
      555 words
    • Article
      Lock icon Third parties eyeing major stake in Saatchi
      353 14 NYT THE FUTURE of Saatchi Saatchi Co became cloudier on Tuesday when its largest shareholder said it had been contacted by other parties interested in an overhaul of the world's largest marketing communications company. In a filing with the US Securities and Exchange
      NYT  -  353 words
    • Article, Illustration
      Working Mother of the Year award goes to nurse
      224 14 STAFF NURSE Queenie Tan was chosen over nine other women last night to receive the "Working Mother of the Year" award Mrs Tan, 40, was selected as the woman who best juggled a career, family life and community service by a
      224 words
    • Article, Illustration
      Singapore to be included in global consumer survey
      409 14  -  -by Genevieve Cua SINGAPORE is to be included in an international consumer survey which advertising agency Backer Spielvogel Bates (BSB) claims is predictive of consumer behaviour "up to the year 2000". BSB chairman and chief executive officer Carl Spielvogel said the annual
      409 words
    • Article
      Last chance to win a holiday trip to Finland
      288 14  -  By SANGEETA MULCHAND BUSINESS TIMES readers have just one more month to subscribe to Singapore's only business daily and qualify for a trip to Finland. The BT/Finnair promotion will go on until Nov 15. before which advertisements will continue to appear
      288 words
    • Article, Illustration
      Caltex pumping in $500,000 to change corporate colour
      241 14 CALTEX is spending some $500,000 to change its corporate colour. The oil giant has started to repaint its traditional blue colour to what company officials described as "a dynamic red". The repainting, which started last month, will be completed next month when
      241 words
    • Article, Illustration
      Hickson's has Time
      55 14 TIME, the weekly news magazine, has appointed Hickson's Public Relations as its PR consultants in Singapore. The formal appointment was made by Time's mar- keting director. South-east Asia, recently. Other clients of Hickson's PR include the Sime Darby Group, the New Zealand Tourist Publicity Office. DHL Worldwide
      55 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      225 14 PEOPLE REACT TO POSTERS. Pearl Dean MRT 732 9088 E 1 KS&M THE POSSESSION OF FINE ARTS There has been a significant increase in the appreciation and collection of Fine Art objects in feSs Wk this region over the past 10 years. Not only is the private collector more knowledgeable
      225 words
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      Page 14 Advertisements Column 2
      21 14 MRT POSTERADS. GREAT COVERAGE OF KEY MARKET SEGMENTS. NOW SRS FIGURES PROVE IT! r&N* Pearl Dean on the mrt 732 9088
      21 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      201 15 I[l I •BK 1 -1 E If B 1 B[ B Ik x i H I IK. :i£3Si€S£y& r libit 11 if -i i "'i ~VA^fritM^itiBlnMM v Jfl r.^Bpnr^B V S> t, jfl 2^*' < «'< il^ S **W wili i '^Ml fl| TjT Mflkhk K ja m**m #||i «B
      201 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Short and sexy stay in style
      622 16  -  FASHION By SUZY MENKES IHI THE SHORT, taut Italian silhouette is melting. But is sex really going out of fashion? "It depends who you are with," said a radiant Jane Fonda, lunching with Gianni Versace and in Italy to promote her new film, The
      IHI  -  622 words
    • SHORT TAKES
      • Article
        Lock icon Bigger, better condoms
        148 17 Reuter AMERICA'S premier condom-maker has decided bigger is better and is now marketing MAGNUM size for larger men. Carter-Wallace, maker of Trojans, America's biggest selling brand, said its research showed that contrary to popular wisdom "one size doesn't fit all". So it made MAGNUM, which is 20
        Reuter  -  148 words
      • Article
        Lock icon Everest trip to pick up trash
        247 17 AP TWO CLIMBERS appalled by the litter strewn over a base camp below the summit of Mount Everest are planning a new expedition to clean it up. Bob McConnell and his wife, Liz Nichol, say they got the idea for the Everest Environmental Expedition
        AP  -  247 words
      • Article
        Lock icon Check on dancing cheek to cheek
        126 17 Reuter CHINA'S freewheeling southern city of Shenzhen, now under the grip of Beijing's orthodox Marxist rulers, has told its 90 dance halls they may stay in business but no more dancing cheek to cheek. The city, known for its liberal economic policies, has closed
        Reuter  -  126 words
      • Article
        Lock icon Pleas at Frankfurt book fair
        136 17 AP THE FRANKFURT Book Fair opened on Tuesday with an appeal to Iran's leaders to lift the late Ayatollah Ruhollah Khomeini's death sentence on Salman Rushdie, author of The Satanic Verses. In Bonn, the West German Foreign Ministry said it continued to press Czechoslovak authorities
        AP  -  136 words
      • Article
        Lock icon Trotsky's murder shown on Soviet TV
        76 17 AFP SOVIET TELEVISION ran a late-night broadcast on the assassination of Leon Trotsky, which showed that his killer, Ramon Mercader, had links with the KGB's forerunner, the NKVD. Soviet viewers still in front of their TV sets at 12:30 am on Monday were able
        AFP  -  76 words
      • Article
        Lock icon Treading with less stress
        169 17 NYT A TREADMILL has been designed to absorb the impact of running with the use of a suspension system in its foot bed. The machine will be available in January. Precor, an exercise equipment company based in the US, introduced its newest treadmill, the M 9.3,
        NYT  -  169 words
      • Article
        Lock icon Black pearls draw Japanese buyers
        147 17 Reuter HEAVY JAPANESE buying sent the price of black pearls soaring at weekend auctions in Tahiti. Growers who brought nearly 39,000 black pearls from their oyster beds in the lagoons of French Polynesia pocketed 42 per cent more than expected for their annual harvest. The
        Reuter  -  147 words
    • Article, Illustration
      Lock icon Where does the dollar sign come from?
      653 17  -  ORIGINS By JED STEVENSON NYT THE WORD dollar itself comes from the German word thaler, derived from Joachimsthaler, a coin minted in 1512 in Joachimstal, a silver producing area of Bohemia. The path from the etymon to the modern dollar is secure but
      NYT  -  653 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      322 16 r U/frere tv entertain... Where to entertain... Where to entertain... Where to as=SMSB3i Sane of our best advertising is by word~of~motith. 1 ?w *.1 For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations, *****10 or *****85 ext *****/6. PAIM Ijßll
      322 words
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      Page 16 Advertisements Column 2
      187 16 MIDI-ACT presents the collection of oldies to contemporaries nightly from 8.30pm lOUNOF miMG OOUAT HOTEL No. 1 Tanglm Road Singapore 1024 Tel *****33 Dine under the stars Enjoy Steamboat under the < =>V° v stars at only $10.80 per person J i (minimum two persons). A s/ is?*** variety of
      187 words
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      Page 16 Advertisements Column 3
      185 16 I am DIANXIN TEMPTATION! Treat yourself to a Delectable Dian Xin lunch. All-you-can-eat for only $13.50" per person. Lunch Hours: 11,30 am 2.30pm 'f\a !0% ve-vce cnarge gove«nmer# ton yk J < M HYMT RK3OJCYOSWGAPORE 10-12 ScoMs i-tooa ScigaDO'e 0922 fe) *****88 CLAYPOT RICE Enjoy our new local favourite... There're
      185 words
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      Page 16 Advertisements Column 4
      236 16 Spi c*A aMT/ s*vowOj cvfCet 1 Our S.K.A. Buffel October 1 15 Lunch $14.50++ Dinner $15.50++ Pi j\za Hotel Cafe Plaza a Ground V ChdVLr J Floor 24 hours daily I- Temptations served round the clock... Only at Cafe Excelsior A delightful selection of western and local favourites Executive Set
      236 words
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      Page 16 Advertisements Column 5
      269 16 IP—B. ENTER AND FEAST AT OUR I GERMAN BANQUET TABLE I Savour the works of our masterchefs as they lay the tables for a lavish feast fit for kings With over 60 German favourites, our German buffet lunch at The Belvedere is almost as good as a culinary tour of
      269 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      261 17 entertain„„j Taiwan's I Masteih Chefs I Cook Up I A Feast I In The Park. I For eleven nights only, the matter chefs of tbe Lai I Lai Sheraton Hotel, Taipei, let) by award-winner Cban Tze-wu will be cooking up a fea.it at tbe I Cafe-in-Tbe-Park. I And what a
      261 words
    • Advertisement
      Page 17 Advertisements Column 2
      104 17 KING OF THE HAIRY CRABS ij Special 8 course menu (or 10 persons "> with 10 Hairy Crabs £J $288 Special 6 course tor 4 persons with 4 Hairy Crabs $98 Appointed as sole distributor by Cnina National Cereal, Oil Foodstuff Corpn. Once again, we bring to you Hairy Crab
      104 words
  • Page 17 Miscellaneous
    • Miscellaneous
      Page 17 Miscellaneous Column 1
      577 17 CRYPTIC PUZZLE p 1 When you get the car i out, it's on the road !_JZJBBtZiBLZB yearn for (4) 20 "J®®"" JBjjj 14 Kitchen equipment? Z^lt— The weapon -Jlh—^ take a bit of mending I I I I I (5) 11 Show first seen in a fir lloH n\ Diane?
      577 words
    • Miscellaneous
      Page 17 Miscellaneous Column 2
      1321 17 TV and RADIO I Football fun fl Goldle Hawn (toft) and Tab Thackar In Wildest*'< OUR CHOICE and Hitler, which ratified the German WILDCATS, 10.30pm, SBC 5 dictator's claim to the Sudetenland, In yet another of her wacky comedies. th p C»cho,lo»rtie Alonjj Goldie Hawn. that dizzy blonde with ,h
      1,321 words
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  • SPORTS
    • Article
      Tough luck for Singapore
      538 18  -  SQUASH By A SURENDREN TIMES ARE TOUGH for Singapore's team in the Singapore Airlines-Ascot World Squash Team Championships, held at the West Coast Recreation Centre yesterday. The team lost to Egypt 3-0 in a crucial match that could decide whether the Republic makes it to the
      538 words
    • Article
      Lock icon Zvereva wins first round of first Soviet pro tournament
      299 18 TENNIS AP IT WAS no ordinary first-round match for Soviet Natalia Zvereva. On her shoulders, the 18-year-old from Minsk carried the hopes and dreams of a tennisstarved nation. "I can't remember being as nervous for a first round match,'' Zvereva said
      AP  -  299 words
    • Article
      Lock icon Sabatini defeats Tauziat
      195 18 AP TOP-SEEDED Gabriela Sabatini of Argentina easily defeated France s Nathalie Tauziat 6-2, 6-1 on Tuesday in the second round of the U*****,000 international women's tournament in Filderstadt, West Germany. In other play. West Germany's Sylvia Hanika trimmed American Lori McNeil 6-2, 4-6, 7-6 in a hard-fought
      AP  -  195 words
    • Article
      Lock icon Opening leg of Whitbread race ends
      186 18 YACHTING AP WITH THE ARRIVAL on Tuesday of the French yacht La Poste at the South Atlantic port and resort city of Punta del Este, 23 boats have completed the opening leg of the 33,000-mile (53,200 km) Whitbread Round the World Race. La Poste,
      AP  -  186 words
    • Article, Illustration
      Lock icon Ballesteros says 'no' to World Cup in Spain
      377 18 GOLF AFP SEVERIANO BALLESTEROS has decided to snub the Spanish team to bid for the World Cup golf tournament when it is held on his home territory next month. f Spain will host the event for the first time since 1973 but
      AFP  -  377 words
    • Article
      Lock icon Faldo pulls out of European Tour
      266 18 AFP NICK FALDO has angered European tour organisers by announcing that he would not defend his Spanish Masters title at Valderrama this month so he could play in a rich US contest. Faldo justified his decision on Tuesday by saying that he felt he
      AFP  -  266 words
    • Article
      Lock icon Results of Spanish race to stand
      175 18 MOTOR-RACING AP THE RESULTS of the Spanish Grand Prix will not be nullified, even if British driver Nigel Mansell successfully appeals his exclusion, the president of the sports governing body said. Jean-Marie Balestre, head of the International Auto Sports Federation (FISA), said there will
      AP  -  175 words
    • Article
      Lock icon Sainz leads in San Remo
      178 18 MOTOR-RALLY AFP CARLOS SAINZ of Spain took his Toyota into the lead of the San Remo world championship rally on Tuesday after a day of more problems for the Lancias. Sainz's Toyota Celica GT4 had a 62-second lead over Alessandro Fiorio's Lancia Integrale, which started
      AFP  -  178 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      160 18 ■A V Wi Express Is Now Flying Tigers. And Flying Tigers is new Federal Express. There's big news in the air freight industry. Federal Express is pleased to announce that with our w&jw merger on August 7th, we've brought Flying Tigers, the world's largest cargo carrier, on board. Making Federal
      160 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon Kuok invests more than C$ 100m in properties in Vancouver
      809 19 MBT SUGAR KING Robert Kuok appears to have quietly moved into the property scene in Canada and may emerge as a major corporate player in North America in the near future. In just under a year, the Kuok group is
      MBT  -  809 words
    • Article
      Avimo seeks ruling on predator's obligation
      390 19 AVIMO SINGAPORE Ltd is seeking a ruling from the Securities Industry Council on whether a predator of its parent company in the UK would need to make an offer for the rest of the local subsidiary's shares if its bid is successful. United Scientific
      390 words
    • Article
      Tronoh gains M$ 27m from divestment of MMC shares
      191 19 TRONOH Mines Malaysia Bhd has sold its entire shareholding in Malaysia Mining Corporation, reaping an extraordinary gain of M 527.1 million. Tronoh, 52 per cent owned by MMC, placed the 9.74 million MMC shares through C S First Boston (Singapore) which
      191 words
    • Article
      Perlis Plantations to buy two cinemas in Kuala Lumpur for Mslsm
      163 19 PERLIS PLANTATIONS Bhd has agreed to buy The Sungei Wang and President cinemas in Kuala Lumpur for Msls million or 5510.5 million, bringing the total number of cinemas it operates to 33. Perlis said in a statement yesterday that
      163 words
    • Article
      Bonvests raises its stake in Tonhow by 9.5 pc
      270 19 BONVESTS Holding Ltd has increased its stake in Sesdaq stock Tonhow Industries Ltd with the purchase of 833,712 shares at 97 cents per share. Bonvests announced yesterday that the purchase from Tonhow's managing director Tan Check Koon increased its interest in
      270 words
    • Article
      Inter-Pacific must make offer for Taiping Con
      686 19  -  By KEVIN GWEE INTER-PACIFIC Industrial Group Bhd will have to make a mandatory takeover offer for Taiping Consolidated Bhd (TCB) at M 54.20 per share following the proposed purchase of more shares in the company. The diversified group agreed to buy a total
      686 words
    • SES
      • Article, Illustration
        Foreign buying pushes prices to new post-Crash highs
        1110 20  -  by ABDUL HADHI DESPITE FALLS on regional markets yesterday and Wall Street overnight, share prices on the Singapore stock market surged to new post-Crash highs on late buying support. The return of foreign institutional support drove the Straits Times Industrials Index to
        1,110 words
      • Article
        Unit trusts
        304 20 Managers' prices for Oct 12 Singapore Unit Trust Tlw Commerce 124 1.31 The Savings Fund 107 1.13 S pore frog Fund 047* 051* S pore Sec Fund 0.77 082 S'pore Invest Fund 082 087 S'pore Equity Fund 058 062 Asia Unit Trust Mot Invest Fund 164 1.73 Mai
        304 words
      • Article
        COMPANY MEETINGS
        56 20 INDUSTRIAL A COMMERCIAL BANK LIMITED: EGM at the boardroom of United Overseas Bank Limited, 30th Storey. UOB Building, 1 Bonham Street. Raffles Place, Singapore 0104, on Oct 16, Monday, at 12 noon. QULA PERAK BERNAD: AGM at Malacca Room, Lower Lobby. Shangri-La Hotel, Jalan Sultan Ismail. ***** Kuala
        56 words
    • Article
      SES SHARE INFORMATION
      6435 20 Gr'e Gr'e 1989 Tel Last Vol Day Laat Quota Dlv Dlv rid Nat M Cap High Low Coda Company Sale +or- ('000) High Low Buyer Seller C'vr PIE Smll OCT 11 SESDAQ 275 120 t 4000 Amtek Eng 20# 271 +4 660 272 266 270 271 12
      6,435 words
    • KLSE
      • Article, Illustration
        Lock icon Stocks firm in active trading
        3807 21 MBT SHARE PRICES closed on a firm note on the Kuala Lumpur stock market yesterday in active trading. Attention was centred on medium- and lower-lin-ers while blue chips took a back seat The latter finished the session mixed to higher with several achieving double-digit gains.
        MBT  -  3,807 words
    • REGIONAL MARKETS
      • Article
        Lock icon HK company takes 40pc stake in Thai firm
        179 22 Reuter PO KAY Holdings Ltd. a jointly owned associate ot Hongkong-listed Hwa Kay Thai (Holdings) Ltd and Stelux Holdings Ltd. has taken a 40 per cent equity interest in a Thai property firm. Po Kay on Tuesday said the main asset of
        Reuter  -  179 words
      • Article, Illustration
        Lock icon Boost for M'sian property market
        618 22 FOREIGN FUNDS POURING IN Reuter CASH-RICH foreign investors are making waves in Malaysia's sleepy property market four years after it fell into inactivity during a severe recession. Analysts say the influx of funds is fuelling a speculative boom which could send prices skyrocketing artificially out
        Reuter  -  618 words
      • Article, Illustration
        Lock icon Taiwanese named in major US insider trading case
        220 22 Reuter TAIWANESE businessman Fred Lee has been named in a 439-count indictment in the second largest insider trading case in US history, federal prosecutors said in New York on Tuesday. The indictment charges that Lee made US$l6.5 million on trades based on
        Reuter  -  220 words
      • Article
        Lock icon Air New Zealand shares subscribed 1.9 times
        117 22 Reuter SHARES IN Air New Zealand Ltd offered to private investors in its flotation have been subscribed by almost 1.9 times, chairman Bob Matthew said As a result some shares earmarked for institutions will instead be sold to private investors, he said in
        Reuter  -  117 words
      • Article, Illustration
        Lock icon Prices close lower
        547 22 Tokyo Reuter A SURPRISE discount rate hike by the Bank of Japan during the lunch hour knocked the wind out of the market yesterday, forcing share prices to close lower in brisk trade. The heaviest losses were pared back by Indexlinked buying and bar-gain-hunting late in the
        Reuter  -  547 words
      • Article, Illustration
        Lock icon Share prices weaker
        487 22 Sydney Reuter AUSTRALIA'S share market closed weaker yesterday, dragged down by the combined bearish influences of News Corp's warning that its profit may be lower in 1989/90, a continuing high Australian dollar and weaker finishes in London and Tokyo stock markets. The All Ordinaries index finished 8.9
        Reuter  -  487 words
      • Article, Illustration
        Index down after five days of rises
        1277 22 Hongkong PRICES of blue chips closed lower yesterday despite Governor Sir David Wilson's announcement of an ambitious new infrastructure development plan. The Hang Seng index lost 36.26 points, or 1.27 per cent, to 2,807.78 after reaching post-June 4th record highs in the past
        1,277 words
      • Article
        Lock icon New Zealand: slightly lower
        102 22 Reuter NEW ZEALAND share prices ended slightly lower yesterday on low turnover following holidays earlier this week in the United States and Japan. "The market has been driven by overseas investors and when they are not there, then there's not a lot happening on the home
        Reuter  -  102 words
      • Article
        Lock icon Bangkok: Index higher
        229 22 Reuter STRONG local demand for finance and construction issues pushed the Thai stocks index close to the 700 resistance level yesterday. Brokers estimated the index gained 3.09 to close at 604.68. Official SET fig- ures were not immediately available. "Speculation on third quarter earnings will push the
        Reuter  -  229 words
      • Article
        Lock icon Seoul: Slow trade
        237 22 Reuter SEOUL stocks rose in slow trading yesterday on media reports the central bank would ease its tight grip on monetary supply, brokers said. The composite index rose 6.29 points to close at 928.06. Turnover was a moderate 217.1 billion won but up from 156.7 billion on
        Reuter  -  237 words
      • Article
        Lock icon Taipei: Early gains extended
        416 22 Reuter TAIWAN share prices, driven up by big players, extended their early gains yesterday to rise across the board and above the 10,000 barrier on the first day today when the stock prices changed their limits to 7 per cent from 5 per cent But analysts
        Reuter  -  416 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Dow falls, prices mildly lower
        912 23 New York Reuter PROFIT-TAKING helped break a fivesession winning streak on Wall Street on Tuesday, but a late blue chip struggle to recover ground left prices only mildly lower. Enthusiasm for stocks and bonds were sapped by Federal Reserve chairman Alan Greenspan's comments on inflation
        Reuter  -  912 words
      • Article, Illustration
        Lock icon Early lead erased at midday
        817 23 London AFP SHARES failed to sustain the momentum of an early bounce on the London stock market yesterday, with operators preferring to stay on the sidelines ahead of Chancellor of the Exchequer Nigel Lawson's address to the Conservative Party conference today. At noon the Footsie
        AFP  -  817 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1453 23 Reuter Reuter AMSTERDAM: Dutch shares slipped further in modest mid-session trading yesterday as bearish sentiment gained ground on the market after Fed chairman Greenspan s remark that lower US interest rates were not on the agenda. The all-share trend index dropped 1.5 points to 196.2 per cent.
        Reuter  -  1,453 words
      • Article, Illustration
        Lock icon Qintex's acquisition of MGM/UA collapses
        652 23 RUPERT MURDOCH MAY MAKE ANOTHER BID NYT AN AUSTRALIAN entertainment company's deal to acquire MGM/UA Communications Co has collapsed amid recriminations and legal action, opening the possibility that Rupert Murdoch might make another bid (or the film and television studio. MGM/UA said it had terminated
        NYT  -  652 words
      • Article, Illustration
        Lock icon 'GM and Ford battling for control of Jaguar'
        376 23 Reuter GENERAL MOTORS CORP is ultimately vying with Ford Motor Co to control Jaguar pic, not just a minority stake, analysts believe. "If the Jaguar name is up (or grabs it appears that Ford and GM are viewing it as the chance
        Reuter  -  376 words
      • Article
        Lock icon Boeing unaffected by strike so far
        438 23 Reuter BOEING CO's output and airplane deliveries so far have not been affected by the machinists' week-old strike, but delays are looming as a result of disrupted operations, analysts said. Shearson Lehman analyst Gary Reich said: "There are no effects at this point. Deliveries
        Reuter  -  438 words
    • Article, Illustration
      'Offer to US not a breach of Zopfan'
      682 24  -  1971 DECLARATION PROVIDES FOR MILITARY PACTS: RAJA By BOEY KIT YIN SINGAPORE has not breached any clause of the Zone of Peace, Freedom and Neutrality (Zopfan) Declaration with its offer to host temporary US military facilities, according to former foreign minister S
      682 words
    • Article
      Future of HK rests with its people: governor
      347 24  -  by Foo Choy Peng THERE wasn't very much in the Hongkong governor s annual address yesterday that would get the adrenalin of Hongkongers flowing. Not that his wide-ranging speech was full of platitudes. The reason: his state-of-the-terri-tory address was the worst-kept secret
      347 words
    • Article
      Lock icon US official warns of trade barriers against Japan
      235 24 Reuter JAPAN has been warned that it faces a new round of protectionist measures in the US if it does not clear structural roadblocks to foreign trade and investment. John Robson, Deputy Secretary of the US Treasury, said product-by-product trade talks were
      Reuter  -  235 words
    • Article
      Lock icon Malaysia urges traditional manufacturers to diversify
      369 24 Bernama MALAYSIAN manufacturers were yesterday advised to consider moving out of the traditional sectors of electrical and electronics and textiles to more broad-based and specialised areas. These two sectors, although they constituted 60 per cent of Malaysia's total manufactured exports last year, are not
      Bernama  -  369 words
    • Article
      Lock icon KL export body to be flexible, autonomous
      290 24 Bernama MALAYSIA'S proposed Export Promotion Corporation will be a flexible and autonomous body designed to help the country's exporters attain better results in overseas markets, a Trade and Industry Ministry official said yesterday. Ministry deputy secretarygeneral Asmat Kamaluddin said the corporation would integrate
      Bernama  -  290 words
    • Article
      Lock icon Taiwan to see record foreign investments
      322 24 Reuter NEW foreign investment in Taiwan is set to hit a record US$2 billion this year as businessmen from Europe, the US and Japan pour money into the island, the Taiwanese Investment Commission said in Taipei yesterday. Official figures show foreign investment approvals rose
      Reuter  -  322 words
    • Article
      Lock icon Many not benefiting from Commonwealth schemes, says Mahathir
      207 24 Bernama THE MALAYSIAN Prime Minister yesterday said that many of the people in Commonwealth countries have yet to get any benefit from the grouping's economic and social programmes. Datuk Seri Dr Mahathir Mohamad said Malaysia hoped very much that the Commonwealth would
      Bernama  -  207 words
    • Article
      Lock icon Workshops under investigation
      79 24 Bernama THE GENERAL Insurance Association of Malaysia (Giam) is completing investigations into several "approved" workshops which are dishonestly fronting for unauthorised persons. Once these investigations were completed, fraudulent practitioners identified would be deleted from its list of approved repairers, Giam said in response to a letter published
      Bernama  -  79 words
    • Article
      Misconceptions moved PM to crack down on Church, says Review QC
      687 24  -  PM LEE'S LIBEL SUIT AGAINST FEER Lawyer explains justification defence By MARTIN SOONG A MISGUIDED OBSESSION with Catholic liberation theology, fuelled by misconceptions about its character and purpose, drove Prime Minister Lee Kuan Yew to not just neutralise what
      687 words
    • Article
      Lock icon Suharto could stay on for sixth term, says Murdani
      281 24 Reuter FINDING A SUCCESSOR to President Suharto may not go as smoothly as electing a US president and the Indonesian leader, who has ruled his country for the paat 23 years, could possibly stay on for a sixth term, according to
      Reuter  -  281 words
    • LATE FILE
      • Article
        Lock icon Seoul urged to open market
        50 24 AP US TRADE Representative Carte Hills urged South Korea yesterday to shoulder its responsibility as a new economic power by opening its market wider to foreign products. "As a newly industrialised economic power, Korea has a stake in the world trading system," she said. AP
        AP  -  50 words
      • Article
        Lock icon NZ economy not overheating'
        54 24 Reuter FINANCE Minister David Caygill ssid the New Zealand economy was not overheating in spite of forecasts that the September quarter consumer price index would show a big rise in inflation. "The economy as a whole is just beginning to grow after a prolonged period of
        Reuter  -  54 words
      • Article
        Lock icon 50,000 fled East Germany
        63 24 Reuter NEARLY 50,000 East Germans have fled their country and settled in West Germany in the past month. Weet German border police said yesterday that the figure included thoee who had eecaped via Hungary or through West German embassies in Prague and Warsaw in the month
        Reuter  -  63 words
      • Article
        Lock icon Plan to bar extremists
        25 24 Reuter THE EUROPEAN Parliament, outraged by a disgraced French member's anti-Semit-ic outburst, plans to deprive extreme rightwing representatives of senior positions.
        Reuter  -  25 words
      • Article
        Lock icon Lebanese split widens
        29 24 AFP A SPLIT between Lebanese legislators widened yesterday after heated exchanges forced a committee charged with drafting political reforms to suspend its work, parliamentary sources said.
        AFP  -  29 words
      • Article
        Lock icon Aquino calls for unity
        51 24 Reuter PRESIDENT Aquino said damage caused by Typhoon Dan, which ripped through the Philippines yesterday killing at least 26 people and making 60,000 homeless, was considerable. Urging the country to unite to face the disaster, she said: "Let us not waste precious time bickering over political
        Reuter  -  51 words
      • Article
        Lock icon Opposition stages walkout
        36 24 AP INDIA'S Opposition walked out of the Upper House of Parliament yesterday after a row with members of Prime Minister Rajiv Gandhi's party over the latest revelations in a multimillion-dollar arms scandal. AP
        AP  -  36 words
    • Article
      Lock icon Comex gold and silver
      61 24 Reuter COMEX gold futures yesterday were fractionally lower in early trading. The December contract at 0905 EDT was off US$O.2O at U*****.00 an ounce. February 1990 gold slipped US$O.9O to 368.30 an ounce. Comex silver futures were mixed to slightly higher. Amid moderate activity, spot October
      Reuter  -  61 words
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      419 19 Keep your investment decisions on target CHARTPOINT Every Saturday in BT*s weekly Personal Investment pages SALUTING I BUSINESS 1 i SUCCESS 1/ I An Invitation To Nominate I I This Year's Winners I J if! Help us find this year's BUSINESSMAN OF THE YEAR and a company I I pf
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      Page 22 Advertisements Column 1
      516 22 NOTICES In th« matter of THB COMPANIES ACT, CHAPTER SO and In the natter of IPSWICH INVESTMENTS PTE LTD ON VOLUNTARY >- LIQUIDATION) At an Extraordinary General Meeting of the Members of IPBWICH INVESTMENTS PTE LTD convened and held at 7SOOA Beach Road. *12-307. The Plata. Singapore 0719. on 5
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      39 22 The Manila report was not available. Tropical storm Dan caused the cancellation of trading on the Manila and Makati stock exchanges. The Bombay report was not available. Managers must manage. BT shows you how every Monday. Chartpoint every Saturday
      39 words
  • Page 22 Miscellaneous
    • Miscellaneous
      Page 22 Miscellaneous Column 1
      35 22 DOLLAR$ AND NON$EN$E: i <1- ii i i j* t f; fc--= i -i r*5"* e U "It was really very touching. With his last breath he was still trying to explain arbitrage to me."
      35 words
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      20 23 1 SINGAPORE A BU«INE«« MONTHLY I MAGAZINE BUSINESS trends t*Mf on Ulwi Tutu 9w Cmmmm •=sr $4 OCTOBER 1989 j
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      Page 23 Advertisements Column 2
      156 23 SALES EXECUTIVE (Shipping Times) Business Times Singapore's only business newspaper, has a vacancy for a talented, motivated and experienced individual to join as Sales Executive. The successful candidate will be part of a dynamic and professional team responsible for selling advertisement spaces in the Shipping Times section of the newspaper.
      156 words
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      Page 24 Advertisements Column 1
      134 24 \bur link to a world of technological and innovative opportunities Ontario, the heartland of Canada, is home to If you are looking for business opportunities Look ahead, and take advantage of the the country's leading industries. A modern from Ontario, the Office of the Agent of opportunities now. Call our
      134 words
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  • SHIPPING TIMES
    • Article
      Lock icon Iraq to spend US$550m on Umm Qasr
      149 25 Reuter AN IRAQI construction company signed a contract with the ports administration to build 13 quays valued at over US$55O million at Iraq's southern port of Umm Qasr. The Iraqi news agency INA said al-Mansour contracting firm would complete the work in 45
      Reuter  -  149 words
    • Article
      Index to advertisers
      888 25 ABC Containerline XI 5 Accord Shpg VIM 3/4 Arrow lines XI 5 ANl III 1/2 A PC line VII 5 API V 3-5 ASCI V I Austosio line VII I Bolt Canoda line IX 4/5 Bait-Orient line IX 4/5 Baltic Orient Shpg XI 4 Bank line VII
      888 words
    • Article, Illustration
      Van West-Holland may set up high-tech workshop in S'pore
      486 25  -  By RAHITA ELIAS DUTCH ENGINEERING company Van West-Holland, said to be Holland's second largest firm for the reconditioning of marine spare parts, is likely to set up a high-tech workshop in Singapore to serve its customers in the Far East. "If
      486 words
    • Article, Illustration
      TSK includes Belawan in its container service
      349 25  -  By JEAN FOONG JAPANESE CARRIER Tokyo Senpaku Kaisha (TSK) Line, which started a container service last month to Singapore and Malaysia, will from today include Belawan in its schedule. TSK on Oct 1 parted ways with its Singapore agents. Singapore Shipping Corporation (SSC).
      349 words
    • PORT SIDES
      • Article
        Lock icon Japan's new ship permits rise
        106 25 Reuter JAPAN'S TRANSPORT MINISTRY said it issued 26 shipbuilding permits totalling 879,597 gross registered tons (grt) in September, up from 22 ships of 509,695 grt in August. This compares with 15 ships of 545,830 grt in September, 1988. Permits in the six months ended September
        Reuter  -  106 words
      • Article
        Lock icon Tong II to build parts plant in China
        79 25 Reuter TONG IL CO LTD of South Korea has decided to invest five billion won in a new factory to make car components for export in Qingdao, Shandong province, the official China Trade Promotion Review newspaper said. The plant would have 10
        Reuter  -  79 words
      • Article
        Lock icon Ex-Exxon Valdez mate suspended
        62 25 Reuter A US COAST GUARD administrative law judge has barred Gregory Cousins, former third mate of the Exxon Valdez, from serving as an officer on any ship for nine months, a Coast Guard spokeswoman said. The nine-month licence suspension handed down by Judge Roscoe Wilkes is
        Reuter  -  62 words
      • Article
        Lock icon Kone expects higher profits
        67 25 Reuter FINLAND'S KONE said its full-year income and sales would both be higher than in 1988. The company said sales would rise to about 6.9 billion markka from 6.1 billion markka in 1988. Consolidated Sales rose 12.8 per cent to 4.09 billion markka. Lifts accounted for
        Reuter  -  67 words
      • Article
        Tiphook reports 60pc sales increase
        68 25 UK-BASED container leasing company Tiphook has reported a 60 per cent increase in sales to U*****.3 million in the year ending April 30, 1989. Pre-tax profit rose 81 per cent to U5529.9 million in the same period. During the 1989 financial year, Tiphook's container fleet
        68 words
      • Article
        Container handling up in Rotterdam
        48 25 CONTAINERISED tonnage handled at Rotterdam port rose 11.9 per cent to 4.32 million tonnes in the second quarter of 1989 compared with the corresponding period last year. This also compares favourably with the first quarter of 1989, when 4.12 million tonnes were handled.
        48 words
    • Article
      Lock icon Temple's bid for Sea Container progressing
      391 25 Seatrade Week TEMPLE HOLDINGS is making such rapid progress with its bid for Sea Containers it may be able to take control of the company before a Bermudan Court has ruled on the legality of poison pill measures which could halt the Anglo-Swedish bid.
      Seatrade Week  -  391 words
    • Article
      Seminar on latest shiprepair strategy and technology
      198 25 A TWO-DAY seminar on "Ship Repair in the 1990 s New Strategic and Technological Concerns" will be held in Singapore from Oct 16. The event which is endorsed by the Association of Singapore Marine Industries (Asmi), will cover topics such as: e outlook
      198 words
    • Article
      Ameri Container gets US$l7m order from Itel
      73 25 ITEL CONTAINERS has ordered US$l7 million worth of boxes from Indiana-based AmeriContainer. The award calls for 5,000 TEUs worth of 20 ft, 40 ft and 48 ft steel dry units, with deliveries scheduled for 1990. The lte< contract is doubly significant for US
      73 words
    • Article, Illustration
      Call for more tanker scrapping
      501 26 TANKER FREIGHT RATES are unlikely to show a real improvement unless the scrapping of tonnage is accelerated, Mitsui OSK Lines has warned. And overtonnaging will remain at around the same level between now and the mid-1990s when a massive scrapping programme is scheduled to take
      501 words
    • Article
      Shipping events
      591 26 Oct H3 sth Lloyd's of London Press International aviation law conference, Interalpen-Hotel Tyrol, Telfs-Buchan, Austria. Oct 8-20 Management of shipping costs and revenues with computer applications, two-week Drewry Shipping Consultants course, Oxford (details: Drewry Shipping Consultants, 11 Heron Quay, London El 4. Oct 9-13 Reinsurance practice, Insurance Reinsurance
      591 words
    • Article
      Consortia
      158 26 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (Far East/Europe): "K" Line Neptune Orient Lines Orient Overseas Container Line ANRO (Straits/Australia): Australian National Line Australia/Straits Container Line Djakarta Lloyd Nedlloyd Lines Neptune Orient Lines MAM (Straits/Japan): Interasia
      158 words
    • Article
      How to do it right in joint ventures
      1012 26 C JOHN SPRUYT, director of Wescol International Marine Services, London, presented a paper on "The Risk Element" at a recent international symposium on "Maritime Joint Ventures", organised by the International Chamber of Commerce. Here is an excerpt of his presentation. MY EXPERIENCES
      1,012 words
    • Article
      Untitled
      159 26 Mr JOHN SPRUYTs experience In maritime joint ventures span over three tfecedea. In the IMOa, he wea for seven years managing director of Paktank, a very succeseful tank atorage joini vtniurv Dvtwvvn uniita Molaasss of London and Pakdom of «on*roam. In the If7os, Mr Spruyt wea for three years manage
      159 words
    • Article
      Container schedules/Ships in port
      2012 26 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Tran.talner Schedule# Blk Op Gdn Date/Time Time From Time To Booking Gate Ad Goochofo. 54MF89 *****9 0300 12/0930 12/1000 NA 2 Q9 00 fOI Andro Star 6N 12 I0J9 2200 12/1000 12/1030 NA 2 Q9
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    • Article
      Japan may train and hire Filipinos onboard its ships
      228 27  -  By AL O LABITA, Jr JAPAN IS INTERESTED in training and hiring Filipino seamen for work onboard Japanese-flagged vessels, starting next year. Philippine Labour Secretary Franklin Drilon said the scheme was offered by Japan's Transport Minister Takami Eto in recent talks
      228 words
    • Article
      London Freights
      1286 27 MODERATELY active fixing of vessels to cover US grain was seen despite Monday's partial US holiday and soma Far Eastern holiday* on Tuesday, brokers said Two heavy grain cargoes ware covered from the Qulf to Japan at US$24 and US$24 25 baa is no combination ports, virtually unchanged
      1,286 words
    • Article
      Shipsales
      411 34 SIX VERY LARGE crude carriers are said to be under negotiation at a price close to US$2OO million. These are the Captain John GP Livanoa of 259,657 dwt and built 1977, the Friendahip L of 267,589 dwt and built 1976, the Fraadomahip Lot 283,271 dwt and built 1975, the
      411 words
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      49 25 IGgggl A lively ■HiifiiS way with mm words Available at all good bookshops F«d«ra4 Publications Lines and services represented by Members of the Registry of Accredited Shipping Agents. Singapore National Shipping Association. For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
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      Page 25 Advertisements Column 2
      230 25 'The Illustrated Encyclopedia of Wildlife" PVMMHHKW Fortnightly good bookshops rcrirs-sfflrtds.^ BTP MAKING THE RIGHT BUSINESS i^Bi DECISIONS STARTS 3?' V WITH A SUBSCRIPTION TO J SINGAPORE ml BUSINESS YOUR PRIZE A DUNHILL 8 ELITE WATCH subscription rates BThe Dunhill Elite is a 12 issues of Singapore Business Ss4B truly distinctive
      230 words
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      Page 25 Advertisements Column 3
      130 25 INSIDE Avoid pitfalls in joint ventures C JOHN SPRUYT, director of Wescol International Marine Services, shows how to make the right choice when forming joint ventures. This article is based on "The Risk Element", a paper he presented at a recent international symposium here on "Maritime Joint Ventures", organised by
      130 words
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      Page 27 Advertisements Column 1
      1866 27 fe c impo,n sinppof o2oB All If# Tt( *****11 TELEX NO RS ***** CJfcJCL rmn rs'ss^-v 20 wmnrnm I IMPORT EXPORT «ULMttm luw |cm Intk lirrc mo nuamtm l» iin lew iwk iwc wr» 1 ooa fait* u mi i*» wi ha um ooa fmim m um *11 wi mai
      1,866 words
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      Page 27 Advertisements Column 2
      2362 27 VMMI Voy ETA j ETO twt 'Peneng DESTINATIONS aWQipOfl MWnj i^—• ThM «Mk Mad* M Closing Tkno Feeder by CY KVIC MOO MRS M Faroe 4 CFS —mo MOO HM M Teuro OAK LOB HOU MEM ATI MtA CHS SAL PNL NYC MOW TOW MART M 6806 17/10 16/10 In
      2,362 words
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      1167 28 r rotteroamH VOV NO S PORE P KELANG SOUTHAMPTON HAMBURG BWEMEBHAVEN ANTWERP LE HAVRE HEIOELBERQ EXPRESS 03/988 12/10 14/10 1/11 3/11 VII 011 KOWLOON BAY 93/501 12/10 7/11 31/10 3/11 »10 «/11 ALASKA MARU 07/986 18/10 20*10 7/11 8/11 11/11 12/11 14/11 MONTE ROSA 04/903 18/10 13/11 17/11 8/11 8/11
      1,167 words
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      Page 28 Advertisements Column 2
      490 28 NORTNBOUNO TO IMC S'PORE RDM/ADAM HN HULL (U K FORTNSANK V-2SN 13/10 1/11 13/11 17/11 IVY BANK V-2« *11 VU *12 13/12 TAUSALA SAMOA V 1(N %U 5/1 IWW •Alm Aecapttal Fa to *a»aen/Ri flu>Ma»myilliU/ratoiaton I iOUTHBOUHO TO PAW* MEW QUWtA I (ASIA-SOUTH PACIFIC JOINT SERVICE) [mm MORAYBANK VUS In
      490 words
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      Page 28 Advertisements Column 3
      1235 28 E3 stwk&sx& &Mmtm regular independent full container service WESTBOUND FOR EUROPE, w° v SIN P*S Alt Ba FU NAN ME ROT ANT LIU 8% Sof) I NOR ASIA SAMANTHA M 29-3 13/10 2/11 4/fl 7/11 1/11 WU UJU lW 1101 ARABIAN SEA OMR 20,10 6/11 11/11 Ufll 14/11 11/11 I*ll
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      Page 29 Advertisements Column 1
      1436 29 Steamers Maritime Holdings Ltd P&O arm STRAITS SHIPPING Containers Sim Sr "j* "-I rwita un £2 «iu w Ti* S W Wl «m W W ACCEPTS CARGO DUE SAILS WmmT 3U! SS K! Z IJJJJ «WAH BROOKE V23E Ihura. L»k, KK la Pt 14 Od W W1 WU WU SI!
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      Page 29 Advertisements Column 2
      1583 29 TO: EUROPE TO: FAR EAST SP LM ROM HAM RRE FIX SPOKE NK KAO RU MAMJIN ROTTERDAM M6W 14/10 MAI 02/11 03/11 OS/11 Ot/U HANJIN LENAVRE OUE 11/10 IJ/10 20/10 20/10 CNOYANC CNANCE 044W 21/N N|ll H|U H|U U|U U|U CMOYANC PARK 004E «U B|U G|U RfU HANJIN LENAVRE (MR
      1,583 words
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      Page 29 Advertisements Column 3
      30 29 REGULAR SERVICE TO KARACHI S PORE LOADING FOR HUA HE Vlll 25/10 KARACHI Amenta SHIBUSAWA ME IS HIN NT* TRANSPORTATION CO (PTC) LTO T«(: *****2? Tta: RS Mill Fai 225M24
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      Page 29 Advertisements Column 4
      281 29 SPECIALIST IN HEAVY LIFTS JAKARTA ETA SPORE 16/10/89 ETA JAKARTA 20/10/89 M.V. SEKI MATSUYAMA Voy 80 IMLintermaritime SOUTHERN AFRICA SERVICE PffIECT MONTHLY SAIUMQa KK SPORE PK PL OBN CT vir ijfio vrvt wt urn uni wu *wr *iu in vi 22A *i •Ah» call* EX. 4 Pi GENERAL AGENTS: HAI
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      801 30 (SHHSfflal IRANIAN »E*VICEI Liudinf for** I IRAN MEELAD PJL 7U M Oct BANDAR ABBAS I JRAW BANDAR_ABBAS J B A T /gAM#|M ■M I B CUtM/«A»AM ntwwt-T mvit-w (B/BULK CONTAMER) ETA STORE GUAM SAIPAN •SPARKLE' V? 30 OCT 11 NOV 12 NOV MCB X NOV 7 DEC OEC IMCRONESIA PORTS
      801 words
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      Page 30 Advertisements Column 2
      838 30 (ft HANJIN SHIPPING «P FULL CONTAINER SERVICE HANJIN ROTTERDAM «Ht I I IST" "ST "JT itSSTJ? E CHOYANC CHANCE 044W 21/10 1/11 W1 U/U 13/11 aWYAW P01«4l WM H. IBMO Ml l*U WU HANJIN LE HAVRE MOV 4/11 22/11 23/11 2V»I Sfll »/ll KAJUI MU *U HANJIN HASAN OSIW 11/11
      838 words
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      Page 30 Advertisements Column 3
      193 30 11 GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTHERN UNE REGULAR LINER SERVICES (FORTNIGHTLY SAILING) HONG KONG PORT KELANG PENANG BANGKOK ALSO ACCEPTING CARGO FROM HONGKONG TO MALAYSIAN PORTS VESSEL LT.A- VOY HRC WK WW W WW HRC MV HONG Ql 117 4/» SM 11/10 15/10 25/10 05/10 M/V TAI BAO
      193 words
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      Page 30 Advertisements Column 4
      1339 30 |iiiBii 3 gag STH? 1 lass? sg ffi SI1»I|| jS i I I ALSO ACCEPTING CARGO TO: I I U ggSSS RQ«ton pmlaoopma, Norfolk. uaaomnLU. Montreal. tokonto vu nbr vork I Q ATLANTA. CHICAGO, DETROIT, COLUMRUS A OTHER MUOD MCRORRIOGE DESTINATIONS I life i"/"i 1111 iil i f li'ifr AUO
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      1067 31 ***** til PACIFIC INTERNATIONAL LINES (PTE) LTD B B!■ PIL Building. 140 Cecil Street #03-00, Singapore 0106. Tel: *****33 [FAR EAST VCMCL VOY SIN JKT MY VOY HKQ KAO Ml YOK NQO KM "Jf MAJAPAHfT 4MB 14/10 10/10 30/10 40MS 30/10 13/11 11/11 4/11 QOWA MM N/10 2/11 4/11 00NB
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      Page 31 Advertisements Column 2
      192 31 JOHMI SMPPWQ S!M HUP [vessel |wa I pcd law Ikuc K Ikk Ism [tab law iOMAN vu*i am 2un wi sw aw xman iii vni*i ism um mm um nr» W W jowAwiivmp |sm \su i4fl» um am am ACCEPTING FCL/ICL REEFERS, HEAVY LIFT UP TO 70 TONS SWQAPOftC: 100
      192 words
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      Page 31 Advertisements Column 3
      686 31 rmt p huuk no* m> riuvu roam navm I IWMnibmia K. P«rt Um n/M «U 101 W l/U V iwmN ur» w in «u iiu 1 am* an um mi m ivu um wi I ■Miafau i«m— uru ?/u yu yu iyu I lv«i br tsn» vim wi wi wu
      686 words
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      Page 31 Advertisements Column 4
      387 31 DJASAGETRI A Joint Europe Service Of: P.T. DJAKARTA LLOYD P.T. GESURI LLOYD P.T. IMMIKU IaOONESIA P.T. TRIKOM LLOYD vsgvov rpo« Antwerp h-burg/ ROAM/ADAM BREMEN KUTAI/im Q la/11 77/11 (ACCEPTING CONVENTIONAL ANO CONTAINERISED CARGO) SONBAI/Sat 114-13/11 IM/U I*l2 (ACCEPTING CONVENTIONAL ANO CONTAINERISED CARGO) L J BONTANG/HMB I 24/17 IS/U *1 (ACCEPTING
      387 words
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      Page 31 Advertisements Column 5
      486 31 tea MYANMA l«gi FIVE STAR LIME (Burmese National Line) Loading for Yangan (Rangoon) HPA-AN VMS* nut 55 PAGAN VM7W a/Ji Oct THE BANK LINE I EXPRESS TO PAPUA NEW GUINEA"! MORAYBANK VI3S UlC* (CALLING KMBE N OROBAY COLUMBUS SINGAPORE V2S 2*lo WRECT) (PNG ports: PORT NORESBY/LAE/RABAUL) I£,.fi9 T i U^f
      486 words
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      1297 32 I QUSldl VOY *INOO 'PK/PNG [sGP LB CHLS NFK NYC MFX In OOCL FAITH 16 9/10 10/10 12/10 4/11 14/11 16/11 11/11 22/11 OOCL FRIENDSHIP IS 11/10 17/10 19/10 11/11 a/11 23/11 2S/11 29/11 NEPTUNE JADE 21 23/10 24/10 26/10 11/11 21/11 30/11 2/12 6/U OOCL FORTUNE 17 30/10 31/10
      1,297 words
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      Page 32 Advertisements Column 2
      745 32 SJ EXPRESS CONTAINER SERVICE AcopOnQ FCL/FCL ConWMn Smppora P.Kotaai Ponanf Load«n tor Motto IN By Foodar Br fmtm KAn DAS *45 17 Oct Ff*m/*o«VSr*VA<»ol TULSIOAS *.44 3 Mm 21 Oct 21 Oct From*Mb*y*i/A4ol KALIOAS V.« 7 OK I OK I OK TULSIOAS V.4S 24 Ok U OK U OK ('•m«Wb,"Sr<K
      745 words
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      Page 32 Advertisements Column 3
      546 32 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD N ~J li Trtot Ay*f St'Mt SINGAPOPf 0101 TEL 534JW (10 LINES) Fa. 514)504 STRAITS/PERSIAN GULF SERVICE: S'por. P Kate* fw, 01NC PUC 2 Karadk/Oubat/Kimaa mu Oct QOLHN aONOt* :<»ntit.>»Kh Du&a< Jim Oct CHINA KMX LISMUI Haampu/SlM** Oct OAI TUN SHAN Hwai«pii/SlMi*ai 243
      546 words
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      Page 32 Advertisements Column 4
      730 32 I MOMi EAST/FAR EAST Fa ft LCI ttWK I VESSEL |ETA SINGAPORE |DCSTIMATK)M f ITM 22/10, MOO DUBAI. DAMAN, KUWAIT, DONA, MUSCAT BAHRAIN I AMJDNAM A SHARJAH TBN IVM. ZVM JCDOAN (LCL) NCDU.T I I AQAtA, HQOiIDAH I TIN IVM. W* N.KOI9CL KOOL TOKYO. ttaUtST" f KAOHSJUHC MANILA. lAftCffOf, I
      730 words
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      1289 33 Ajwts S pore NE?H* AGENCR PTI.TIO t 7 I B It PI If* SON BHD iir If a 25s 1 s«. ngf M-T sar a *****19 *****16 VP=?-* HBH *****1 *****11 *****48 \|C=- 1 ro» mAot ns_ pbc aop moth«« vm7vot mp l*m ns bom bam JmUHJ?*/w ri* *vw la/io
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      Page 33 Advertisements Column 2
      1026 33 W> SINSOV li SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANG P. KELAMC f MESSRS HAI THONC SHIPPING 127 PtnangStrort. Pew* MiUysu M/S HANDLING SYSTEM
      1,026 words
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      Page 34 Advertisements Column 1
      577 34 INTEGRATED CONTAINER SERVICE MOBBER OF EACON SERVICE TO EAST MEDITERRANEAN ft NORTH CONTINENT EUROPE OUTBOUNO SIN j «LCA ANT ROM HOG RST 1 K. CKiaSXI VSN In W 2SflO W *11 w W l wmmm tm una vu mu u/u uiu mu ruuclano vajm aoT hiu wi wi am aoi
      577 words
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      Page 34 Advertisements Column 2
      419 34 (r wIUGOLIINIkJA 1 VESSa STORE FK PNC KL UOAWN6 FOB HtiaOftJC l( OCT n OCT n OCT 23 OCT Mm**. Bmt^npoh. am, r. Smi. IjmmL i MmM KRK 17 OCT a OCT a OCT M OCT Bm. *mm. *i*a. Tr*H tan. UKAI 1 NOV NOV (NOV I NOV Eatf MM.
      419 words
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      Page 34 Advertisements Column 3
      120 34 EontermJ GUARANTEED WEEKLY CONSOL TO/FROM: SWEDEN GOTHENBURG, OSLO USA LOS ANGELES, LONGBEACH EUROPE HAMBURG, ROTTERDAM ANTWERP Also provide Transshipment, Door-to-Door Factory Handling Services CONTERM FREIGHT (F.E.) PTE LTD. STORE TEL: *****33 PAX: 2X1191 P. ffPI AHQ TEL: OS-7M7407 PAX: 03-757M71 MANILA FULL CONTAMER SERVICE VESSEL IVOY I SING MANILA SI
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      Page 34 Advertisements Column 4
      339 34 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/PK. BALAM SEMAR ANG/PAN J ANG/CIGADING/ BENGKULU VSI ETA ETO LOADING FOR OEU INO Ah 14.10J9 15.10® PANMNtyPK. BALAM NA6A JAVA 13.1QJ9 14.1089 PAIUANC LAMPUNG JAYA In Port 12.10J9 SEMARANO/PANJAN6 PINANfi JAYA 16.1089 17.10J9 PANJAM/PK BALAM PERfTA JAYA 17.1089 ZOIOIS PAN JAM/JAKARTA ABA
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      Page 34 Advertisements Column 5
      689 34 BANGKOK sailings a week I Hock Aawcy Co Ltd BKK (Tat *****80) I «na m Singapore bakmok I JBjUNK IMR TW um tm I twanamhi am w M» am I bqama pacific aw Mm n> unt 1 piya HUB tm Wti urm s* am I MNUMK U7W Tlwr OfM tm
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  • Page 34 Miscellaneous
    • Miscellaneous
      Page 34 Miscellaneous Column 1
      139 34 SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO AJtfL OCT 12, IMB LEGENO R Thunderstorm Tempwohx.- c -Y Wmd da*ction with speed #> knots Wove height Cloudy Sky Sartac* wands are mdKOtcd by arrows mtuth Hy witfc Hm wmd Orv» tu* evele reprevents cotm or kght ond «or>obte wnh One ha*
      139 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      962 35 I VESSEL VOY SINGAPORE KHF/DUBAI KARACHI 1 LANKA SRI MANI 71W 20/10 30/10 I LANKA SIRI 129W 22/10 I LANKA ATHULA SOW 30/10 11/11 13/11 I LANKA SIRI 130W 06/11 I ALSO ACCEPTING CARGO (FCL/LCL) FOR;- I A) INDIAN PORTS I MADRAS; TUTICORIN; COCHIN; MAN6ALORE; BOMBAY I B) ARABIAN GULF
      962 words
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      Page 35 Advertisements Column 2
      348 35 fMBLETNIOFMN SNVPMS LINE (NMnral Lin. ol tttnow) ACCEPTING FCL AND CONVENTIONAL KMKO JTA LOAONO netsamet ww* oahmsalaam. mombm*. ojoouti VOY*W« AaSAB. MASSAWA. HOOtOAM MV ANOMCT 4/11 MMtIAIAAH, MOMMA. OJIOUTI VOV i7*B AMAI MASSAWA. MOOCSAM AMAYMM 2S/12 OAMSOALAAM. MOMBASA. OJMOUTI tfXr AHM MABSAWA. HOOGOAH Other porta along the route workable on
      348 words
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      Page 35 Advertisements Column 3
      1050 35 < c« > CRYSTAL FREIGHT ura SERVICES PTE ITO v TEL: *****M/223M22 HONGKONG/ CHINA 17/10 ft 21/10 BANGKOK 14/10 ft 10/10 P. KELANG/PENANG 20/10 ft 27/10 BUS AN 10/10 ft 20/10 KEELUNG/KAOHBIUNG 18/10 ft 22/10 MANILA 10/10 ft 23/10 JAKARTA 14/10 ft 21/10 SYDNEY/MELBOURNE 15/10 ft 20/10 FRE MANTLE 10/10
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      Page 35 Advertisements Column 4
      362 35 BAY OF BENGAL SERVICES KUELI WY tii m cm CMI LEUVE 9112 14/10 19/10 23/10 B ANOREEV 14CW89 14/10 20/10 TIGER BAY 83N 18-17/10 23-24/10 SUSAK 84N 20-21/10 27-30/10 CALABAR 78CNB 22-23/10 28-31/10 TIGER BAY 85N 29-30/10 5-6/11 LEUVE 9113 30/10 4/U 8/11 SUSAK BSN 3-4/11 10-11/11 CALABAR 79CNB 5
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      Page 35 Advertisements Column 5
      266 35 TO AUSTRALIA/NEW ZEALAND —WL [wiipn ilr ■■H<IIBI>IH 111 li>>ii| t L tvt omss am ism a/u "SSI uu wE am HSi "55 w i« "55 55 55 mm a 55 5u w "5i >5 5i c. mmm 5 vi 1m "sji "5i wi 5i -,-v Mm aenpUng cargi Ik- AUSTRALIA
      266 words
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  • Page 36 Advertisements
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      Page 36 Advertisements Column 1
      1173 36 Z\ HYUNDAI MERCHANT MARINE CO., LTD. BElli3SEaAl3aaßß EA3TBOUNP TO USA WESTBOUND FROM USA TO PBW sin hkc lbh oak sea FROM PSW lbh oak sea hkc sin HYUNDAI EXPLORER 2CE U/U lt/II Oi/11 o*ll 12/11 HYUNDAI CHALLENGER 27* 1280 I*M 17*0 o*lo 12/10 HYUNDAI COMMANDER IX 2*lo 21/10 I*ll 10/11
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      Page 36 Advertisements Column 2
      955 36 to JE CONTAINER LINE 1~ TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST JOJT WLARC U/M« MANILA LVM t li/li I** BUSAN I*M A WW BANGKOK lVlt I 13/10 TOKYO Ufl# *WW HOMG KONC 13/10 4 1510 KOti 11/1* A 2S/W CHINA UAI t
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      Page 36 Advertisements Column 3
      598 36 our new usa ir— RETm 55" Tax" qm Imu Iff Icm/ Imm \mm |*vc SERVICE CALLS BUW6A BUTAII6 YJM ~Z" wjT AUMATOR Pt«~ TuCT ~>wT ~VU~ "W ~W ~W ~W ~W ~W WT SINGAPORE BUH6A BUT AM VJM -MM AU.KATM SUMY VJO] U/U IST wT *U~~ wT ST" lm" DIRECT
      598 words