The Business Times, 31 July 1990

Microfilm: NL17037
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Tuesday July 31 1990 75"
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  • NEWS SUMMARY
    • Article
      First Chinese stock market to open in Shanghai: paper
      56 1 CHINA'S first full-fledged stock market will open in December, according to a report yesterday. The city would begin operating a national securities exchange in a new building equipped with computer terminals linked to trading counters inside the city and around the
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    • Article
      New Mazda franchisee
      22 1 FROM tomorrow, a new company, Mazda Motor (S) Pte Ltd, will take over the local Mazda franchise Page 2
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    • Article
      Hitachi to upgrade
      20 1 HITACHI Chemicals is investing another $25 million to upgrade and expand its local PCB operations Page 2
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    • Article
      Growing Korean stake
      38 1 THE NUMBER of South Korean companies investing in Malaysia continues to grow in spite of complaints by Korean business leaders that they are still kept in the dark about investment opportunities in Malaysia Page 9
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    • Article
      Mission for Germany
      30 1 AN EVENTUAL unified Germany will have a mission in Cambodia to carry on projects initiated by East Germany, says a West German Member of Parliament Page 9
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    • Article
      Economy worsens
      33 1 THE SOVIET economy is lurching deeper into crisis as President Mikhail Gorbachev's attempts to transform it along free market lines moves at a snail's pace, according to official figures Page 10
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    • Article
      Control over banks
      25 1 SOVIET leader Mikhail Gorbachev has overruled his chief radical opponent with a decree reaffirming central control over the country's banks Page 10
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    • Article
      Suit judgement soon
      37 1 A US COURT will soon be delivering its judgement on a US$3OO million suit by bankrupt American carrier Seawinds against a former principal, Nedlloyd Lines, for breach of fiduciary responsibility. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow Jones lower
      44 1 US BLUE CHIPS slid at the opening yesterday but regained some ground in early trading. The Dow Jones Industrial Average dropped 22.28 points to 2,876.23 five minutes after the opening bell but later recovered to show a loss of 13 points.
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    • Article
      Footsie lower
      43 1 LONDON share prices were lower at midday yesterday, damped by last Friday's plunge on Wall Street and active selling of selected British equities, dealers said. At 1110 GMT, the broad-based Financial Times-Stock Exchange 100-Share Index was down 13 points, at 2,317.7.
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    • Article
      SIA picks consultant
      32 1 SINGAPORE AIRLINES has appointed merchant bank CS First Boston to determine if the company's price-earnings ratio is too low, and if so, how it can be improved Page 3
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    • Article
      Motor stocks popular
      21 1 MOTOR STOCKS are the flavour of the month on the Kuala Lumpur Stock Exchange, say analysts Page 3
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    • Article
      Inter-Pac makes bid
      41 1 INTER-PACIFIC Industrial Group, which reported a year-end profit of M 523.92 million yesterday, has made a bid to acquire the 6.58 million ordinary shares of SO sen each it does not already own in Taiping Consolidated Page 3
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    • Article, Illustration
      STOCK INDICES
      29 1 Monday Change BT-MGA 807.98 -6.64 Kuala Lumpur ....629.31 +1.55 Hongkong 3,445.41 -40.39 Tokyo 30,442.95 -420.53 Sydney 1,563.9 -14.8 Friday Change New York 2,898.51 -22.28 London 2,330.1 -14.0
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SSI.8I70 Yen S$ 1.2215 MS SS0.6725 Money market rates Overnight 6 1/4 +4 3/4 3-month 7 1/8% 1/16
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    • Article
      COMMODITIES
      37 1 London GoM PM fix US$367.30 US$0.55 Rubber S'pore Aug 155.00*/kg -0.50 M'sia Aug M233.50 Vkg unch KL Tin Turnover 86 tonnes +14 Spot M$l6.07/kg +0.05 Crude palm oil Turnover 591 lots +43 Aug M$656 /tonne -4
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  • Article
    Taxmen seek more details on UIC's Paragon deal
    400 1  -  By Lee Han Shih THE INLAND Revenue Department (IRD) has sought the help of United Industrial Corporation (UlC)'s bankers to help it determine whether UIC should pay close to $100 million in tax from the sale of the Paragon complex at Orchard
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  • Article, Illustration
    Asean concerned about Uruguay Round
    442 1  -  Asia-Pacific Economic Cooperation forum By Kenneth James MINISTERS from the six Asean nations participating in the Asia-Pacific Economic Cooperation (Apec) forum yesterday voiced concern that developing countries could lose out in the current multilateral trade negotiations under Gatt, the General Agreement on Tariffs and Trade.
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  • Article
    Improve transport links with Terengganu, says SMA chief
    371 1  -  SMA mission to Terengganu From Shoeb Kagda DIRECT transportation links between the state of Terengganu and Singapore need to be improved if greater economic and social ties are to develop between the two sides, said Mr Robert Chua, president of the Singapore
    371 words
  • Article
    SIA consortium's bid for Japan deal gets a boost
    426 1  -  By Loh Hui Yin WITH THE inclusion of five new partners, a consortium in which Singapore Airlines is a shareholder has come closer to winning the right to supply in-flight meals for a new airport in Japan. Singapore Airlines' interest in
    426 words
  • Article
    Lock icon Professor likely to take over Bundesbank post
    96 1 Reuter ECONOMICS professor Otmar Issing is likely to succeed Bundesbank director Claus Koehler when he retires on Sep 30, government sources said, confirming a report in a Frankfurt newspaper. Mr Issing, 54, teaches at Wuerzburg University and has served on Bonn's fiveman panel
    Reuter  -  96 words
  • Article
    New investment column
    50 1 A REGULAR investment column starts today. Using technical trading methods, a businessman has invested $50,000 in a portfolio to take positions in the Nikkei stock futures, Euro yen futures and four currencies in the cash market. BT will track and report on the progress of the positions.
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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      Page 1 Advertisements Column 2
      62 1 The business of law a BT special THE LAW and the legal profession play an important part in shaping business. law is itself a business, and its practice has implications for Singapore as a major business, trading and manufacturing centre. BT will be introducing a fortnightly package on the law
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      Page 1 Advertisements Column 3
      41 1 Nikon The World s Finest Photographic System J More reports, Back Pg Cartier ky mu/f ck> Carder Boutique/ SINGAPORE #01 36, Lucky Plaza. 304 Orchgrd Road Tel: *****27 #01 -04, The Shopping Galery, Hilton International Singapore 581. Orchard Road Tel *****95
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      Page 1 Advertisements Column 4
      7 1 Analysis, Pg 13 Full report, Pg 27
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Food hygiene still posing a problem
        164 2 FOOD HYGIENE and handling is still a problem, according to official statistics. Environment Ministry figures say 1,639 people were affected by 79 outbreaks of food-poisoning. As of June, 383 people were hit by 52 outbreaks of food-poisoning. Mountbatten MP Eugene Yap used these figures
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      • Article
        Asahi Denka Kogyo venture
        74 2 JAPAN-BASED Asahi Denka Kogyo Company is setting up a Singapore plant jointly with Mitsui Company. The plant, costing about $15 million, will be an Asean base for the production of process oils for foods and other new products. Asahi Denka (Singapore), located in Pandan Loop, has
        74 words
      • Article
        Next tender for TCOE
        70 2 THE REGISTRY of Vehicles has announced that the next monthly tender for vehicle entitlements will open from Wednesday, Aug 1, and close on Tuesday, Aug 7. The temporary certificates of entitlement (TCOE) issued in this tender will be valid for three months from September. Cars registered
        70 words
      • Article
        S'pore chosen for UN testing
        58 2 SINGAPORE has been chosen as the site for trials and demonstrations of new equipment funded by the United Nations. The equipment can be used to conduct geophysical surveys of offshore and adjacent coastal areas. The trials will be done in Ulu Sembawang. They will be
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      • Article
        Hospitals to hire more nurses
        61 2 THE MINISTRY OF HEALTH and the restructured hospitals aim to recruit 540 nurses this year, said Mr Yeo Cheow Tong, Acting Minister for Health. Last year, about 720 trainee nurses were hired through combined recruitment efforts, but within the same period, 420 nurses resigned or
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      • Article
        Outlet for speedpost services
        64 2 SINGAPORE TELECOM will set up a new centre to offer international courier (speedpost) and local urgent mail (LUM) services. The outlet will open next week at the Telecom Building. The centre was set up to meet the demand for speedpost and LUM services. Among the other
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      • Article
        Business conference on HK
        67 2 A CONFERENCE on business opportunities in Hongkong will be held this week. It is organised jointly by the Hongkong Trade Development Council and the Economic Development Board. A Hongkong delegation of high-ranking government officials and company chief executive officers will address the conference. Among the speakers
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      • Article
        Exhibition of jewellery watches
        52 2 ABOUT $2.5 MILLION worth of jewellery watches and other timepieces will be on display this week from Aug 2. The watches are part of the Bertolucci Collection, to be unveiled by The Hour Glass. Designer Remo Bertolucci will be in Singapore during the exhibition at the
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      • Article
        Mobil increases pump prices
        53 2 MOBIL Oil's pump prices were raised between one and four cents yesterday. In a statement, the company said premium gasoline would cost 112.1 cents a litre, up four cents. Regular gasoline would cost 104.5 cents a litre, up four cents. Diesel costs 43.7 cents per litre,
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    • Article
      New company to take over Mazda franchise in S'pore
      429 2  -  By Schutz Lee FROM tomorrow, a new company, Mazda Motor (S) Pte Ltd, will take over the Mazda franchise in Singapore. With that closes the chapter on Asia Motor Company (AMC), the firm that had held the Mazda franchise in Singapore
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    • Article, Illustration
      Centre for accountants opens
      180 2 The Minister for Finance, Dr Richard Hn (second from right), joined the accountancy fraternity at the official opening of the centre of die Institute of Certified Pnblic Accountants of Singapore yesterday. The centre, which is a twostorey bungalow leased from Bukit Turf Club in April last
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    • Article
      S'pore, Italy to cooperate in various fields
      195 2 SINGAPORE and Italy yesterday signed a cultural, scientific and technological collaboration agreement. The Minister of State for Foreign Affairs, Mr Peter Sung, signed the agreement with the Italian Under-Secre-tary of State for the Ministry of Foreign Affairs, Mr Claudio Vitalone, at the Foreign
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    • Article
      PWD gives building cost data in new publication
      169 2 A NEW quarterly published by the Public Works Department aims to give the construction industry a useful tool for forecasting and cost. planning. The publication, the PWD Cost Information Quarterly, will make available the department's construction cost information database. Information provided include
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    • Article
      Hitachi Chem to invest another $25m
      256 2 LEADING multi-layered printed circuit board (PCB) manufacturer, Hitachi Chemicals (S) Pte Ltd, has announced plans to further expand its operations in Singapore in the near future. Disclosing this at the official opening of its new manufacturing plant in Loyang yesterday, Mr A Yamanaka, marketing
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      60 2 CONGRATULATIONS and BEST WISHES to NIKE (The Leading Name in Sports) on the Official Opening of its Singapore Office on 31st July 1990 from p,e. Ltd. of PEARLS CENTRE We custom-make Orthotics (Arch Supports) for Flat Feet and Problem Feet and we stock Nike Shoes 100 Eu Tong Sen Street
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      Page 2 Advertisements Column 2
      320 2 IP A subsidiary of an established multinational company j I -IA A wri 11 rmM ffc mi 1 rH mvnes appttcanons ror .i£ %*gi cr I I I The Job The incumbent will be responsible for the overall activities of the business and to ensure effective utilisation of resources. Towards
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      SIA picks CS First Boston to carry out study on P/E ratio
      465 3  -  By Conrad Raj SINGAPORE AIRLINES has appointed merchant bank CS First Boston to determine if the company's price-earn-ings ratio is too low, and if so, how it can be improved. This was disclosed by SIA in reply to
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    • Article
      Inter-Pac reports higher profit, makes bid for rest of Taiping
      463 3 INTER-PACIFIC Industrial Group Bhd, which reported year-end profit of M 523.92 million yesterday, has made a bid to acquire the 6.58 million ordinary shares of 50 sen each it does not already own in Taiping Consolidated Bhd. Asian International Merchant
      463 words
    • Article, Illustration
      Steamers Maritime profits up 15pc
      361 3  -  By Dexter Lee STEAMERS MARITIME Holdings has turned in a steady set of figures at the halfway mark, with after-tax profits up by 15 per cent over that recorded in the same period last year. For the six months ended June 30, 1990, the shipping
      361 words
    • Article
      Keppel Finance profit up 65pc
      293 3 KEPPEL FINANCE, the finance arm of the Keppel group, has turned in a 65 per cent increase in group aftertax profit to $2.34 million for the six months ended June 30, 1990. Operating income rose by 87 per cent to $15.17 million, compared with $8.13
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    • Article
      Lock icon Good earnings underpin M'sian motor stocks
      789 3 MARKET TALK Reuter AFTER SEVERAL lean years, the wheel of fortune has turned in favour of Malaysia's motor car assemblers, with share prices soaring and underpinned by strong sales and record earnings, analysts say. "The market is very bullish about auto stocks now," said
      Reuter  -  789 words
    • Article
      EMS unit to raise M$20m for expansion
      287 3 ELECTRO Magnetic (S) Ltd's wholly-owned Malaysian subsidiary, Electro Magnetic Industries Sdn Bhd, is planning to raise Ms2o million to fund its business expansion. EMS said yesterday that EM Industries will issue one million cumulative redeemable preference shares with a nominal value of Msl
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    • COMPANY BRIEFS
      • Article
        SSL resort discussion at preliminary stage
        86 3 KEPPEL CORPORATION said yesterday that its subsidiary Straits Steamship Land (SSL) is assessing a resort development project in Bali. Responding to a BT article yesterday, it said discussion with the Indonesian partner for the project, the Wanandi group, is at the preliminary stage. Keppel
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      • Article
        Industrial Oxygen to sell land
        99 3 INDUSTRIAL OXYGEN Inc said its wholly-owned subsidiary Swee Lam Estates (M) Sdn Bhd has entered into a conditional agreement for the sale of approximately 420 acres of estate land to Advance Step Sdn Bhd, a subsidiary of Taiyo Co Ltd, Japan, for M 529.4 million.
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      • Article
        No listing for Amcol unit yet
        113 3 REPLYING to queries from the SES yesterday, Amcol Holdings Ltd said the management of PT Amcol Graha, its associate in Jakarta, has not made any decision to list the company on the Jakarta Stock Exchange and accordingly, no application has been prepared or submitted
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      • Article
        New adviser at MUI units
        81 3 MALAYAN UNITED INDUSTRIES Bhd has appointed Datuk Rastam Hadi as adviser to MUI Bank and MUI Finance. Datuk Rastam has held senior positions in the government over a span of 30 years as state financial officer (Pahang), under-secretary in the Treasury, deputy secretarygeneral in the
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      419 3 Improve your Communication Skills! The British Council's Business Comm un ication courses are just what you need to get ahead in business! Programme for August September Confidence in Speaking Tfi A course on correct pronunciation to help you speak with JJ I confidence and poise. Dates: Thur, Fri 23 &24
      419 words
  • Page 3 Miscellaneous
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Siam Lodge makes major investments
        107 4 THE SIAM LODGE GROUP of Hotels has announced over 3,500-million-baht investments for two new Bangkok hotels and expansion of several existing properties in Bangkok and Pattaya, The Bangkok Post reported. Siam Lodge a hotel management company said the first new hotel project involves construction of
        107 words
      • Article
        Epoxy resin joint venture
        93 4 A JOINT VENTURE between the Birla Group, Nissho Iwai and Tohto Kasei has been set up to invest 1,040 million baht in the first and biggest epoxy resin factory in Thailand and Asean, The Bangkok Post reported. The agreement was signed last week between senior executives
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      • Article
        Sumitomo sets up S'pore unit
        90 4 JAPAN'S SUMITOMO CHEMICAL Co Ltd said yesterday it had formed a subsidiary in Singapore to produce household insecticides and farm materials such as irrigation tubes. The new company, called Life Tech (Asia) Ltd and capitalised at 552.5 million, will start operating in October with sales
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      • Article
        Mitsubishi builds ethylene tank
        44 4 MITSUBISHI PETROCHEMICAL Co Ltd will build a 6,000-tonne storage tank at its Kashima complex east of Tokyo by July 1991. This will raise the company's ethylene storage capacity to 10,000 tonnes. The new tank will cost about two billion yen.
        44 words
      • Article
        Asahi raises net profit forecast
        95 4 ASAHI BREWERIES LTD raised its forecast for parent net profit to a record 6.50 billion yen in the year ending December 31, 1990, from a February forecast of 5.50 billion, compared with the previous record of 6.03 billion a year earlier. Asahi also revised upward
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      • Article
        Matsushita sends out manuals
        63 4 MATSUSHITA ELECTRIC Industrial Co Ltd has distributed 1,800 procurement manuals to overseas parts and materials makers to clarify what it wants to buy. The move is also aimed at showing Matsushita trades fairly with both domestic and overseas companies. The manual includes specifications, technologies and prices
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    • Article
      Lock icon Whirlpool likely to locate new manufacturing plant in Thailand
      589 4 The Nation THAILAND is strongly tipped to win the race for home appliance giant Whirlpool's new manufacturing plant, which will supply products to the whole of South-east Asia. Executives of the international parent company are now considering which of three countries
      The Nation  -  589 words
    • Article
      ITC listing set to raise HK$50m for Huey Tai
      414 4 HUEY TAI International is to list its subsidiary, International Tak Cheung Holdings (ITC), on the Stock Exchange of Hongkong on Aug 24, raising more than HK$5O million from the flotation. The Sunday Morning Post reported that ITC, the construction arm of
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    • Article
      Mantrust to expand Surabaya hotels
      267 4 MANTRUST business group, through its subsidiary PT Multi Mantrust Beverages (MMB), will invest Rp 70 billion (Us3B million) for the renovation and expansion of its two hotels at the heart of Surabaya city, according to reports from the city. MMB vice-president Herry Laksono was quoted
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    • Article
      Lock icon Mitsubishi in Thai truck project
      108 4 Reuter MITSUBISHI Motors Corp and 13 Thai partners led by MMC Sittipol Co Ltd have unveiled a project for a US$547 million manufacturing centre near Bangkok to build one-tonne pick-up trucks for exports. Mitsubishi and MMC Sittipol said in a weekend statement that the vehicle
      Reuter  -  108 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      178 4 Why it's in your interest to know what mode the chicken cross the road to the other bank. i Facts that figure: Monday through Saturday,Zaobao Business. China, Japan and the 4 NIEs are the formidable jibb m i Chinese entrepreneurs on foreign soils. paper, the business section is undergoing a
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      Page 4 Advertisements Column 2
      35 4 Blow j A Gasket Without Blowing Your Cool. i I only (450 How to look after your car covering every popular make and model. AaaHabk at weMg at major bookshop* and news-stands STP Distributors \J
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      223 5 m*. Vf^>' J si <^V*' A v- 1 I > M I I I I i. I Entertaining is often the most influential way of opening and closing deals. it comes from the world's leading bank and carries the international network Of maintaining a close relationship with your associates. Of
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      214 6 MY COLLEAGUES CAN SELL YEN AGAINST MARKS AND MAKE DOLLARS. lid 4 1 '<tl -^Ki l K*_ -:jSfefc |gf t *y»V* BH. ISiL V I, *r~* > *rrfc Mt-Ji 'uri 'fflr K' '"jPJ Br I w dmw 1,1 ■Imw. i ik -pvj t/ti \7 T"C TD Here in the forex
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Prospects of platinum firms likely to improve
      433 7 Reuter FALLS in the prices of platinum group metals, a stable South African rand and internal problems have dogged the world's two largest platinum producers over the past year, but analysts predict a brighter future. Rustenburg Platinum Holdings suffered production problems at its
      Reuter  -  433 words
    • Article, Illustration
      Lock icon Hanson may get fee to bid for PowerGen
      244 7 Reuter HANSON pic, which has expressed an interest in acquiring the state electricity company Power Gen, may get a government fee of 15 million for placing the opening bid, the Sunday Times reported in London. The newspaper quoted British Energy Secretary John
      Reuter  -  244 words
    • Article
      Lock icon Campeau meeting unlikely to give answers
      388 7 Reuter CAMPEAU CORP's annual meeting will be a longawaited chance for shareholders to ask tough questions about the troubled company's health, but industry analysts said it is unlikely there will be any answers. Last week, company officials did not even say if chairman and
      Reuter  -  388 words
    • Article
      Lock icon Paris on edge as brokers run into problems
      256 7 Reuter A WEEK after the French stockbroker TufTier-Ravier-Py filed for bankruptcy, Paris is nervous that another firm might fall victim to the increasingly ruthless competition in the stock market. Growing pessimism about financial difficulties at an increasing number tof brokers was partly
      Reuter  -  256 words
    • COMPANY BRIEFS
      • Article
        Krupp to hold 30pc in Chinese steel project
        67 7 THE WEST GERMAN conglomerate Krupp is to hold a 30 per cent stake in a US$4OO million steel project in Shanxi province, northern China, it was reported on Sunday. The project, to be situated in Taiyuan city, will produce 415,000 tonnes of
        67 words
      • Article
        STC expects lower profit
        110 7 STC PLC, which earlier reported a 32 per cent fall in first half 1990 pre-tax profit, said yesterday its full year results were likely to be below the 1989 level. Chairman Arthur Walsh said in a statement he expected results for this year to be particularly
        110 words
      • Article
        Petrobras net profits up 26.3pc
        81 7 PETROLEO BRASILEIRO SA had first half net profits of US$466 million, up 26.3 per cent from the US$369 million reported a year earlier. The profit gain came despite a net loss of US$2O2 million in the mining subsidiary Petromisa, Petrobras said in a financial statement
        81 words
      • Article
        Energy network proposal
        68 7 THREE WEST GERMAN utility giants made a new proposal to East Berlin in an attempt to break a deadlock in talks on how to modernise East Germany's antiquated energy network. A statement from PreussenElektra AG, a subsidiary of VEBA AG, said it, RWE AG and VIAG AG
        68 words
      • Article
        Talks about plasterboard
        43 7 UK BUILDING materials group Redland pic and Australian CSR Ltd said they are in talks with France's Lafarge Coppee over the development of their European plasterboard interests. A spokesman for Redland said the company could not comment at this time.
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      • Article
        Insurance broker to buy stake
        83 7 INSURANCE BROKER Sturge Holdings pic said yesterday it has reached an agreement in principle to acquire a majority shareholding in Donner Underwriting Holdings Limited (DUH). A Sturge spokesman said the company would not give the value of the deal until completion in September. DUH owns
        83 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      211 7 -Jrz kt:s ITS ELECTRIC. k, JBSBB frm K- gMfc h takes a fraction over 12 seconds the XJ-S Vl2 Convertible to bring back of open top M motoring And to automaticaly J j& K stow the heated gass rear window neady out On the open road the 5.3 fere engine
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Tat Lee not imposing limit for fixed deposits
        44 8 TAT LEE Bank yesterday announced that it will not be imposing the minimum limit of $5,000 for fixed deposits with tenures of one and two months. The rates for the deposits, however, will remain the same.
        44 words
      • Article
        Panel to investigate S&L crisis
        103 8 A PANEL representing US state governors approved a call for the Bush administration to set up an independent commission to investigate the crisis in the US savings and loan industry and suggest ways to keep it from hurting other financial institutions. By a voice vote
        103 words
      • Article
        Soviet Union seeks US credit
        115 8 SOVIET authorities have asked the US to provide credits for grain purchases, Soviet television reported. "Still apparently not believing in the enterprise of collective and state farms, the government has asked the Bush administration for a credit to buy American grain," a newsreader said during
        115 words
      • Article
        Honduras gets US$41m loan
        87 8 HONDURAS has reached an agreement with the International Monetary Fund (IMF) for a US$4l million standby loan, the government announced. Honduras will receive the first US$2O million immediately and the remainder over the next several months. "This agreement will help our country improve its international reserves,
        87 words
    • Article
      Lock icon Institutions sell more junk bonds
      229 8 NYT DURING the first quarter of this year, savings and loan associations disposed of junk bonds with a face value of US$l.3 billion, according to a study by KH Thomas Associates, a bank and savings industry consulting firm in Miami. The sales reduced the total
      NYT  -  229 words
    • Article
      HK unit trust market loses US$150 million
      429 8 THE Hongkong unit trust industry has been hit by a US$ 150 million exodus of investor money during the first six months of 1990, confidential figures obtained by the Sunday Morning Post reveal. Hongkong investors invested US$37 million in Hongkong authorised funds surveyed
      429 words
    • Article, Illustration
      Lock icon Outlook for US property insurers expected to remain gloomy
      442 8 Reuter THE US property and casualty insurance industry's profitability picture will remain gloomy for the rest of 1990, analysts said. A string of catastrophes floods in the south and fires in the west are some of the factors pressuring US property
      Reuter  -  442 words
    • Article
      Lock icon Argentina explores commercial debt buy-back
      472 8 Reuter ARGENTINA will start looking into the possibility of buying back part of its US$42 billion commercial debt, Economy Minister Antonio Erman Gonzalez said. Mr Gonzalez told reporters late on Friday that Central Bank president Javier Gonzalez Fraga will start sounding out bankers during a
      Reuter  -  472 words
    • Article
      Lock icon ANZ makes bid for building society
      262 8 Reuter AUSTRALIA and New Zealand Banking Group Ltd has offered to buy 100 per cent of the Perth-based Town and Country Building Society for ASUS million. ANZ deputy chairman and chief executive Will Bailey said shareholders controlling almost 60 per cent of the building
      Reuter  -  262 words
    • Article
      UOB lowers limit on foreign currency deposits
      309 8  -  By John Tan TO PROP up waning local public interest in foreign currency deposits, at least one bank has started to lower the minimum amount of cash required to start such accounts. With effect from today, the United Overseas Bank group comprising the
      309 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      73 8 This announcement appears as a matter of record only 1 A ASIAN OCEANIC CAPITAL CORPORATION U5520,000,000 GUARANTEED LOAN FACILITY Funds Prmnder Rabobank Nederland Arranged By Credit du Nord Singapore Branch Credit du Nord New York Branch Singapore Branch BHF Bank Guarantors Singapore Branch Agent Bank Credit du Nord Credit du
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      Page 8 Advertisements Column 2
      39 8 FOR SUCCESSFUL MANAGEMENT OF YOURiUHNESS ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. To keep ahead, subscribe to Business Times today. Call Rubina Gan on 730-5843 for details. Business Times
      39 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      32 8 Dollar$ Non$en$e MOW lT ALL BEfelNS f"* x COv)-D OSE A V LAMPSHADE AMD SOME V FURNITURE AND MA-*r*£ < v EViW SINC-LE ITeNN IN TAG SE AR'S CATAV.O(.-V= M*/4koVr7£ M\ S&b J*
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  • THE REGION
    • Article
      Lock icon S Korean companies keen to invest in M'sia
      453 9 MBT THE NUMBER of South Korean companies investing in Malaysia continues to grow despite complaints by business leaders in the republic that they are still kept in the dark about investment opportunities there. Ssangyong Con?, a South Korean multinational which has invested
      MBT  -  453 words
    • Article
      Lock icon Broker optimistic about tourism
      207 9 MBT BASED on regional experience, the Visit Malaysia Year 1990 campaign is likely to boost tourist arrivals over several years. Hongkong-based stockbroking firm Jardine Fleming said the Thai experience shows that a major tourism campaign provides beneficial effects over several years. In the last three years
      MBT  -  207 words
    • Article
      Lock icon Japanese consultancy to open in Burma, Vietnam
      181 9 AFP A JAPANESE legal and business consultancy plans to set up branches in Burma and Vietnam "in the very near future,' the firm's managing director said in Bangkok yesterday. The Maki Group of Companies, which has branches in Singapore and Malaysia and established
      AFP  -  181 words
    • Article, Illustration
      Lock icon Seoul prime minister in Bangkok for private visit
      67 9 South Korean Prime Minister Kang Young Hoon (left) meeting Thai Foreign Minister Kraitip Krailert on Sunday in Bangkok where he is on a two-day private visit before flying off to Europe. Mr Kang is the second South Korean leader to visit Thailand
      AFP picture  -  67 words
    • Article
      Lock icon China in fresh drive to boost economy
      494 9 AP AFTER DECADES of industrial policy marked by unrealistic production quotas, China says it is embarking on a new programme to root out structural ills in its economy that have survived more than 10 years of market-oriented reforms. The country still aims at
      AP  -  494 words
    • Article
      Lock icon United Germany to have mission in Cambodia
      462 9 AFP AN EVENTUAL unified Germany will have a mission in Cambodia to carry on projects initiated by East Germany, a West German member of parliament said in Phnom Penh yesterday. But such a mission would be below ambassadorial level, said Ingrid Walz, a
      AFP  -  462 words
    • NOTE BOOK
      • Article
        Seven 'People's Car' makers get the nod
        109 9 MANILA has approved applications from seven foreign firms to enter the Philippines' market for small cars, Trade Department spokeswomen said yesterday. The seven firms include local subsidiaries and joint ventures of Mitsubishi, Honda, Nissan and Daihatsu of Japan, Kia of South Korea, Fiat
        109 words
      • Article
        Aussie minister to visit Manila
        33 9 AUSTRALIA'S Minister for Trade Negotiations, Neal Blewett, will visit the Philippines on Aug 1-3 for talks with President Corazon Aquino and other officials, the Australian embassy said yesterday.
        33 words
      • Article
        NZ rules out visas for Thais
        80 9 NEW ZEALAND has ruled out reimposing visa requirements for Thai visitors despite pressure from police and customs officials worried by drug smuggling and prostitution involving South-east Asians. "I think we're in the happy position of not having to reintroduce visas," External Relations and Trade
        80 words
      • Article
        Firm to stop buying M'sian ore
        60 9 TAYCA Corp, an Osaka-based chemical firm, decided yesterday to suspend imports of Malaysian ilmenite ore, the possible source of abnormally high levels of radioactivity found at one of their plants. The decision followed the detection of radiation levels 22 to 30 times above normal
        60 words
      • Article
        EC refugee officials to visit Hanoi
        62 9 EUROPEAN Community officials are to visit Hanoi to offer money to ease the return of tens of thousands of boat people now languishing in South-east Asia's camps, Mike Hanson, Hongkong's chief refugee coordinator, said yesterday. The EC officials would discuss the plan with Vietnam
        62 words
      • Article
        Ceasefire on Negros Island
        68 9 THE PHILIPPINE military yesterday accepted rebel demands for a ceasefire to clear the way for the release on Thursday of a US Peace Corps volunteer and a Japanese aid worker held by communist guerillas. Brigadier-General Raymundo Jarque, military chief on Negros Island 480 kms south of
        68 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      203 9 I H 'Wj m W m tim Jm f '^P^etIWBBBBII^^^B |||t| -> i i H Hgpl -B I S 1 IB® PB B j fit JHHr f -~wki.. ay rJ| Sg^agMßflHf Our strong base in the home network of 3,000 local "Volksbanken" Our presence in the Far East: Hong market
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        Bonn rules out more public funds for Berlin
        115 10 WEST GERMAN Economy Minister Helmut Haussmann has ruled out providing any extra public funds to finance the restructuring of the East German economy. The "billions of Deutsche marks needed to adapt the infrastructure" in East Germany would have to come from the
        115 words
      • Article
        Aussie inflation expected to fall
        106 10 AUSTRALIA'S annual inflation rate is forecast to slow in the June quarter, adding further weight to expectations that the government will find room to loosen its tight monetary policy in the next two months, say economists in Sydney. The consumer price index, due for release
        106 words
      • Article
        Seoul, Taipei in R&D moves
        103 10 SOUTH KOREA and Taiwan, their export industries threatened by rising wages and strong local currencies, plan huge increases in research and development spending to meet competition from Japan and other Asian nations. "The direction is clear. We must increase our technological base," said Otto Lin,
        103 words
      • Article
        Chinese trade office in Seoul?
        56 10 CHINA is still considering a plan to exchange trade offices with South Korea, Communist Party general secretary Jiang Zemin said in Beijing yesterday. In a meeting with Japan's ex-finance minister, Kiichi Miyzawa, he recalled that South Korea has proposed to China the setting up of
        56 words
      • Article
        Concern for the environment
        72 10 JAPANESE PEOPLE are becoming more concerned about environmental issues, a survey published yesterday by the prime minister's office showed. The nationwide survey of 5,000 people showed 83.7 per cent cared about the destruction of the ozone layer, 83.6 about the greenhouse effect and 84.7 about pollution
        72 words
      • Article
        Orders for US tools up
        92 10 ORDERS FOR US-made machine tools rose 9.1 per cent in June from June 1989, an industry trade group said in a report scheduled for release yesterday. The Association for Manufacturing Technology reported machine tool orders totalled U*****.7 million in June, up from U*****.7 million in
        92 words
      • Article
        Uganda set to attract investors
        60 10 UGANDA proposes to enact a law setting out an investment code, designed to attract both local and foreign investors by offering tax incentives and protection against expropriation. The proposals were contained in a bill published last weekend, which is expected to be submitted to the
        60 words
    • Article
      Lock icon Gloom deepens over Soviet economy
      579 10 Reuter THE SOVIET economy lurched deeper into crisis as President Mikhail Gorbachev's attempt to transform it along free market lines moved at a snail's pace, according to official figures published on Sunday. "There was no economic recovery," Tass news agency said. "The crisis in the
      Reuter  -  579 words
    • Article, Illustration
      Lock icon Gorbachev reasserts central control over banks
      348 10 Reuter SOVIET President Mikhail Gorbachev overruled his chief radical opponent Boris Yeltsin with a decree reaffirming central control over the country's banks. The decree, reported by Tass news agency, said the existing system for the issue of credit and payments would remain in force
      Reuter  -  348 words
    • Article
      Lock icon Soviet foreign debt reaches 36 billion roubles
      292 10 Reuter THE Soviet foreign debt is 36 billion roubles (US$6l billion) in hard currency equivalent, Deputy Prime Minister Stepan Sitaryan said in a newspaper interview published on Sunday. This compares with a figure of 34 billion roubles (US$5B billion) given by Prime Minister
      Reuter  -  292 words
    • Article
      Lock icon E German jobless figure up 100,000 in a month
      278 10 Reuter A QUARTER of a million East Germans are registered unemployed, up more than 100,000 from a month ago, Labour Minister Regine Hildebrandt said. Mr Hildebrandt's figure of 250,000 appeared to show a slowing in the jobless rate, with only 25,000
      Reuter  -  278 words
    • Article, Illustration
      Lock icon Mandela accuses Pretoria of delaying peace talks
      297 10 AP NELSON MANDELA has accused the South African government of using allegations of a Marxist conspiracy to delay peace talks, saying his anti-apartheid movement is not Communist even if some key members are. The anti-apartheid activist dismissed the charges as baseless on Sunday
      AP  -  297 words
    • Article
      Lock icon Castro fears US domination as Soviet ills worsen
      483 10 Reuter CUBAN LEADER Fidel Castro says he worries that the Soviet Union's economic and political problems could lead to US global domination. "I feel the Soviet Union has been weakened as a big power. That worries us. The socialist camp has been
      Reuter  -  483 words
    • Article
      Lock icon Yeutter warns of Gatt deadlock over farm issues
      441 11 Reuter US AGRICULTURE Secretary Clayton Yeutter said yesterday that the Uruguay Round of world trade talks would fail unless the European Community backed off from its position in the farm trade section of the global negotiations. Before entering a meeting of five
      Reuter  -  441 words
    • Article
      Lock icon Peru's president orders two-day bank closure
      321 11 AFP PERUVIAN President Alberto Fujimori has decreed a two-day bank closure this week as part of his emergency plan to stabilise the economy. Mr Fujimori, an agronomist of Japanese descent who took office as leader of the economically devastated country on Saturday, declared the
      AFP  -  321 words
    • Article, Illustration
      Lock icon World Bank seeks US aid for environment fund
      275 11 Reuter WORLD BANK President Barber Conable has asked US governors to lobby Washington to join a new US$l billion fund to back regional projects such as easing acid rain and saving arable land threatened by expanding deserts. Mr Conable, who spoke at
      Reuter  -  275 words
    • Article
      Lock icon From socialist dogmas to capitalist millions
      238 11 AFP POLAND'S former communist industry minister has made a vigorous switch to capitalism, earning millions selling pork to the Russians and encouraging the inflow of Japanese yen. Mieczyslaw Wilczek rejects the epithet of "Eastern Europe's richest man" and claims modestly to know "at least
      AFP  -  238 words
    • Article, Illustration
      Lock icon Hope for early release of Trinidad premier recedes
      389 11 Reuter TRINIDAD and Tobago's security chief said on Sunday there was no hope of an early end to negotiations for the release of Prime Minister ANRRobinson, taken hostage and wired to explosives in a coup attempt on Friday. For the third day
      Reuter  -  389 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      296 10 I W I I Keppel Finance Limited I (Incorporated in the Republic of Singapore) H Directors advise the following unaudited results of the Company and of the Group H for the six months ended 30 June 1990: H COMPANY GROUP I I 1990 1989 1990 1989 H $'000 000 $'000
      296 words
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      Page 10 Advertisements Column 2
      94 10 NOTICE BANK BUMIPUTRA MALAYSIA BERHAD SINGAPORE BRANCH U5550,000,000 Floating Rate Negotiable United States Dollar Certificates of Deposit due 1992 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that for the period from 31 July 1990 to 31 Jwwwy 1991 the Certificates wil carry m
      94 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      257 11 .-tim c v -ft A *T I m m.*% llv ift m i flfcnX WtlffUfr m i ii i I. JB L J y The more miles you fly United for business, the more free trips we give you for pleasure. Join United's Mileage Plus program and the more you
      257 words
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  • Article
    The economic race is on
    476 12 EDITORIAL THERE are two related points in Prime Minister Lee Kuan Yew's warning against a division of the world along economic lines coinciding with a division along racial lines. The first division has been the matter of intense international comment in recent years. While members
    476 words
  • WHAT THE OTHERS SAY
    • Article
      Microcosm of democracy
      229 12 THE paradox of democracy is that it is impossible to be popular all the time while continuing to maintain order and efficiency. One manifestation of the paradox is the reluctance of several town councils to take on the responsibility to bring the law to bear on litterbugs
      229 words
    • Article
      Striking a balance
      109 12 THE government likes to point out the fall in the drop-out rate to show that streaming in primary schools is effective. By the same token, it should also find out if the policy has really encouraged hidden talent to come to the fore, and whether the unhealthy
      109 words
    • Article
      Unity in sight?
      130 12 THE two Koreas have taken a major step to sign an historic agreement that will pave the way for their prime ministers to meet for the first time. Given the long years of animosity existing between the two governments, the route to reunification is, not unnaturally, beset
      130 words
  • REGIONAL VIEWPOINTS
    • Article
      How about a truce?
      144 12 THE chief subject of corridor discussions at a conference in Singapore this weekend on the economy of Pacific nations will focus on South-east Asia's longest-running war without bloodshed. Singapore's tireless dispute with the foreign press has escalated again. Mr Lee (Kuan Yew) and Mr Goh (Chok
      144 words
    • Article
      What price freedom?
      124 12 WHAT makes Hongkong a freer society than its Asian neighbours is the right of anyone to hold and express a political opinion, even when it blatantly conflicts with government policy. The quality of that freedom has been put under the microscope by a series of court cases
      124 words
    • Article
      Enlightened thinking
      208 12 ENERGY, Telecommunications and Posts Minister Datuk Seri S Samy Vellu said on Thursday that the government has given the green light for the listing of Syarikat Telekom Malaysia (STM) on the Kuala Lumpur Stock Exchange (KLSE) before the end of the year. To signal its new-found confidence and
      208 words
  • Article, Illustration
    Lock icon China treads softly on reform path
    1198 12  -  The Chinese leadership seems willing once again to experiment with market-oriented policies to revitalise its state-run economy. James Sterngold reports on the momentum building up for changes James Sterngold NYT AFTER a two-year freeze on the process of opening China's state-controlled economy to market
    NYT  -  1,198 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      97 12 KNOW THE NEWS CONTEST r LAN VIN PARIS Designed (or active lifestyles. Model ***** creates a NX sporty yet fashionable statement for ladies and XS^. men. The innovative interplay of colours and graphics adds an interesting dimension to the face. The distinctive Lanvm name is engraved on the ruthenium plated
      97 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      30 12 DOONESBURY BY GARRY TRUDEAU ANOTHER I "M 195 BARBARA ANNBOOP- r—— &STHAti* STILL tmX*NG let* SmANPH&MANA6& 'HIJCHIN' HOVPYAHW TmCHINCj, UPPATB Si MMU&Mm&MIY I POST CHAPEL"? THAT STEAK* TW*£' iNAmmc&MW I
      30 words
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  • ANALYSIS
    • Article, Illustration
      Kansai whips up a storm
      1515 13  -  Kansai International Airport is rising from the sea. But, before it can take shape, the battle royal for the right to supply meals to passengers using it has begun in earnest. And SATS Catering, a subsidiary of SIA, is in the thick of the fray.
      1,515 words
    • Article, Illustration
      Smooth landing ahead
      900 13 'WE ARE now landing at Kansai International Airport. To get to Osaka, Kobe and Nara, you can take either the expressway or the railway. They are on a double-deck bridge which links Kansai International Airport with the mainland." Kansai International Airport is expected to be operational in
      900 words
    • Article
      Kansai seeks return to its former glory
      482 13 ONCE the bastion of capitalism in Japan, the Kansai region is coming back with a vengeance to claim its birth right from Tokyo. Altogether, there are 566 projects, with 358 of them having a total budget of 22,000 billion yen, to revitalise the
      482 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      78 13 CONTACT LENSES PHILIP D. IZAAC L C.O. (LOND) MEMBER OF THE BRITISH CONTACT LENS ASSOCIATION Consultation Hours: Mon To Sat: 10.30 am 7.00 pm Sun Public Holidays 11.30 am 6.00 pm PHILIP D IZAAC OPTOMETRIST-CONTACT LENS CUNC 02-26 Paragon Shopping Centre 290 Orchard Road Tel. *****66 Certified Public Accountant has
      78 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      133 14 0 U I THE NEW ROVERS A CLASS APART wVamUHBIW MMr *Lh?&* •JHJfiJpir? The Rovers return. Reviving an English pedigree that sets them apart highest levels of comfort and prestige, coupled with outstanding responfrom all other cars. Bringing back a certain elegance, an air siveness and handling. A class that
      133 words
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  • INNOVATION & TECHNOLOGY
    • Article
      Lock icon Fujitsu to buy 80pc of ICL
      333 15 AFP JAPANESE computer group Fujitsu is to acquire an 80 per cent stake in leading British computer maker ICL from STC for £700 million (US$l.29 billion), according to a statement released in Paris. Fujitsu and STC signed the agreement yesterday, the statement said. (In
      AFP  -  333 words
    • Article, Illustration
      Why some sharp telling points count
      854 15  -  Kenneth James winds up his overview of laptop computers with closer look at the "sharpest" little notebooksizpdlPC oh the market IT MATTERS Kenneth James IN THE DARKENED seminar room, all eyes were on the mM screen. The projector was transmitting, not sts#c $ides, but
      854 words
    • Article
      Why Sykes' prescriptions work for Glaxo
      715 15  -  Glaxo's research director Richard Sykes shares his views David Fishlock David Fishlock Richard sykes has a simple view of his role as research director of Glaxo. He is spending more than £400 million a year running an international research business with just a handful
      715 words
    • Article
      Evox opts for Nixdorf's Quattro 80
      226 15  -  By Schutz Lee LOCAL electronics manufacturer Evox Singapore has computerised its operations at a total cost of $250,000. The Nixdorf system will integrate the administration, accounting and inventory systems of Evox, reducing paperwork and raising productivity, Said Mr Wee Cheng Hoon, managing director of
      226 words
    • Article
      Lock icon Miti to set up new body to promote technology transfer
      223 15 Reuter Japan's powerful trade ministry, responding to criticism the nation is stingy in transferring high technology know-how, will propose creating a new organisation to promote international technology transfer. A mid-term report by the Ministry of International Trade and Industry (Miti),
      Reuter  -  223 words
    • Article
      TECH TAKES
      288 15 A COMPUTER package for the office of the future was launched yesterday by Advanced Integration Systems, a joint venture between Cornpater Engineering Systems and IBM Singapore. #ONETelex Network Manager is designed for a computer-inte-grated, paperless office. SHENTON Medical Group will spend $500,000 to install Paramedic, a software developed
      288 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      14 15 Celebration National Day 24 LENG KEE ROAD SINGAPORE 0315 A RENAULT TEL: *****11 w
      14 words
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      Page 15 Advertisements Column 2
      266 15 Steamers Maritime Holdings Limited (Incorporated in the Republic of Singapore) The Directors advise the following unaudited results of the Company and the Group for the six months ended 30 June 1990: COMPANY GROUP 1990 1989 1990 1989 $000 000 $'000 $000 Sales 19,655 19,044 Operating profit and investment income 1,433
      266 words
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  • FOCUS
    • Article, Illustration
      Lock icon A farewell to fertiliser
      978 16  -  Peter Marsh finds out how ICI is reacting to falling profits Peter Marsh FT FOR IMPERIAL Chemical Industries Britain's biggest manufacturer and the world's fourth largest chemicals group the recession in the international chemical industry has finally hit home. [The company shocked analysts by announcing a
      FT; Source: Datastream  -  978 words
    • Article
      Lock icon The promise of profit across the ocean
      684 16  -  Andrew Hill reports on US companies listed in the UK Andrew Hill FT AN AMERICAN cosmetics company buys a lipstick business and agrees to pay large salary and sales-linked bonuses to its owner, who remains in control of the subsidiary. The group announces
      FT  -  684 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      262 16 rrihere's a new Danish name responsive service in all areas of banking. Afr, X national banking. Unibank's service based on the And a new presence among the complementary strengths founding >~ PartneFS- HH-HH Andelsbanken has Unibank has been strong f|\ by the with s large ISi&L. of three of Denmark's
      262 words
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      1691 17 PRlVATbanken sparekassen E2SB Consolidated Balance Sheet Consolidated Balance Sheet Profit and Loss Account as at 31st December 1989 31rt December 1989 1988 (DKKm) (DKK m) 1,000 (DKK m) (DKK m) Interest received, etc. 10,684.2 7,615 ASSETS ASSETS Interest 7,9SSJ Cash in hand 1,002,727 1,012,931 Cash in hand 897.8 905 N*
      1,691 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      221 18 WHERE TO WINE, DINE AND ENTERTAIN.. WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by \wrd~of~ mouth. Wma!r- For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585
      221 words
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      Page 18 Advertisements Column 2
      275 18 asrukung PORMATIOft APPEARS TONIGHT ABOVE scans rqmd ITiar With its spectacular glass frontage, the Canopy Bar lis the ideal placc to sec the stars It's also\S)ngapore's newest and most exclusive rcndczMNK. i The Canopy Bar. upstairs at the Hyatt A blend of two distinct tastes from the best of two
      275 words
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      Page 18 Advertisements Column 3
      227 18 TAKE UP SINGING IN THE STREETS. Come karaoke with our cordless mike, choose from our latest discs. We set it all right for you the song, the tune, the mood and even our snacks. Only at the Streets. Nightly. W' ..Mti Et&iii f ROSE GARDEN Z. SICHUAN RESTAURANT f> Level
      227 words
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      Page 18 Advertisements Column 4
      295 18 Oyster Rockefeller, Roast Porkloin stuffed with chillies, jl. Prawns Creole, Flapjacks, Apple Pie... the list goes on at The Belvedere's American Buffet in July. For a true-blue American meal, c*mon over to The Belvedere. America* Ballet Luck July 1-31, noon 2.30pm Adult: $36++, Child below 10: $18+ We serve the
      295 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      709 18 TELEVISION AND RADIO few -m QRri9 6.30 PaMca Acadoaiy (Cartoon). 4.47 Cfcarto's Aapli (cont'd). BUSINESS ON RACK) 1 -j -j j—i ai-j r>-arm <• A. 7.00 Inuin Little Sister. 5.30 SpMnaaona (Cartoon). m |H 111 PtlPn il Pn MDM /rv Jackie decides to become a 5.55 Ta** to History. BSC,
      709 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Thirst for Aussie wines grows
      846 19  -  Australia has long been regarded as little more than a wool-producer. But the world is gradually realising that good wine is made Down Under too. Tanya Willmer reports Tanya Willmer Reuter OF COURSE the French still produce the best wine. But one day mused Neil
      Reuter  -  846 words
    • Article
      Lock icon Soviet vintage car collector refuses million-dollar offers
      770 19 AFP Alexander Lomakov, the owner of a fabulous collection of classic cars, has been offered a taste of capitalism, but has said "no" refusing to turn his hobby into what could easily be a multi-million-dollar business. In one case, the Soviet collector was
      AFP  -  770 words
    • Article, Illustration
      Quiet 9th anniversary for Charles and Di
      694 19 own— PRINCE CHARLES and Princess Diana celebrated their ninth wedding anniversary on Sunday away from the limelight after the prince dropped out of an international polo competition because of his injured arm. It was the first time in 13 years that the prince
      694 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      220 19 AND ENTERTAIN Wild About Game Mgame promotion 16 TO )l JULY 1990 DINNER: 7PM TO KLMfM TO 10% SERVICE CHARGE AND We bring you the best of the hunting season roast pheasant, succulent saddle of hare and aromatic wild duck. All prepared in our chefs unique way to bring out
      220 words
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      Page 19 Advertisements Column 2
      112 19 Vv Restaurant and 1 KUIIW% Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE RUSSIAN STEAMBOAT (Fish Fillet, King Prawn, Pork, Cuttlefish, Green Vegetables, Beef) with CHICKEN FRAGRANT RICE serving Restaurant Hours Lunch: Karaoke Hours Mondays to Saturdays Daily: 1130 am to 230pm 7.00pm to 2.00 am Dinner: nnnnnnn Mondays to Sundays
      112 words
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  • SPORTS
    • SIDE LINES
      • Article
        US wins Fed Cup for second straight year
        78 20 THE US won its second straight Federation Cup title in Noicross, Georgia, last Sunday when the American doubles team of Zina Garrison and Gigi Fernandez defeated Soviets Natalia Zvereva and Larisa Savchenko for a 2-1 victory. The victory was the 14th for
        78 words
      • Article
        NZ wins equestrian team title
        108 20 NEW ZEALAND, led by individual winner Blyth Tait, captured the three-day event team title and Nicole Uphoff of West Germany became the youngest dressage world champion ever last Sunday at the World Equestrian Games in Stockholm. Tait had a faultless ride aboard Messiah in the
        108 words
      • Article
        Thai champ loses IBF crown
        69 20 AMERICAN Michael Carbajal stopped Muangchai Kittikasem of Thailand in the seventh round in Phoenix, Arizona, last Sunday to become the new International Boxing Federation light flyweight champion. Carbajal, who won the silver medal at the 1988 Seoul Olympics, floored Kittikasem three times before referee Bobby
        69 words
      • Article
        Soldier equals Olympic best
        102 20 A SRI LANKAN SOLDIER equalled an Olympic best on his way to winning the marathon at a national athletics meeting in Colombo last Sunday and was immediately promoted. K A Karunaratne clocked two hours, nine minutes and 21 seconds to win the marathon at the National
        102 words
      • Article
        Another victory for Earnhardt
        100 20 DALE EARNHARDT outduelled Bill Elliott over the last SO laps to win the Die Hard 500 at Talladega Superspeedway in Alabama last Sunday and move within one point of the Winston Cup lead. The battle to the finish was decided by just 0.26 seconds, with Earnhardt's
        100 words
      • Article
        Foster continues winning streak
        94 20 TWO-TIME WORLD CHAMPION Greg Foster overcame a head wind and a first-class field to win the men's 110 m high hurdles in the New York Games last Sunday. Foster, who sat out a three-month suspension this year after testing positive for an over-the-counter stimulant, has come
        94 words
    • Article
      Lock icon Lewis just misses world record in 400-metre relay
      336 20 AP CARL LEWIS anchored the Santa Monica Track Club 400-metre relay team to victory and won the 100-metre dash at the New York Games on Sunday, but tightened up at the end of the relay to miss a world record. The versatile
      AP  -  336 words
    • Article
      Lock icon Daniel wins big one after 12-year wait
      261 20 AFP BETH DANIEL put an exclamation point on a brilliant year of golf in Bethesda, Maryland, last Sunday by winning her first major championship the one goal that had eluded her for 12 years. Daniel, who twice came within a shot of a
      AFP  -  261 words
    • Article, Illustration
      Lock icon Chang bags Player's Int'l title
      398 20 AP MICHAEL CHANG overcame the heat and an early deficit to beat Jay Berger 4-6, 6-3, 7-6 (7-2) in the finals of the US$l.5 million Player's International tennis championship in Toronto last Sunday. Half of the 12 service breaks in the match occurred in the
      AP  -  398 words
    • Article, Illustration
      Lock icon Player overcomes winds to take UK title
      425 20 AFP SOUTH AFRICAN Gary Player mastered a windswept Ayrshire course to win the Seniors British Open title for the second time in three years last Sunday. Player, 54, shot a final round of 75 for a one-stroke victory over American overnight leader Deane
      AFP  -  425 words
    • Article
      Lock icon Americans claim Curtis Cup for first time in six years
      234 20 Reuter AN AMERICAN TEAM led by a pair of hard-hitting teenagers captured its first Curtis Cup golf victory in six years last Sunday, crushing a Great Britain-Ireland team 14-4 in Bemardsville, New Jersey. The Americans clinched their 20th Cup overall
      Reuter  -  234 words
    • Article, Illustration
      Lock icon Beck clinches Buick Open with final-round charge
      301 20 AFP CHIP BECK won his first tournament in two years on Sunday when he fired a sev-en-under-par 65 for a oneshot margin of victory in the Buick Open in Michigan. Beck, who won twice in 1988, finished 16 under par on 272 for
      AFP  -  301 words
    • Article, Illustration
      Lock icon Senna triumphs in German GP
      107 20 AP AYRTON SENNA of Brazil won the West German Grand Prix on Sunday, stopping Alain Prost's three-race winning streak and taking the world championship lead for drivers. Senna overtook Alessandro Nannini of Italy with 11 laps to go on to a 6.52-sec-ond triumph. Senna's McLar-en-Honda
      AP  -  107 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      OTC stocks outshine main board counters
      4446 21  -  By Abdul Hadhi THE PERFORMANCE of the local stock market yesterday was dampened by weak sentiment on overseas markets. A market analyst said: "After holding up for a week against the uncertain- prevailing in Wall Street and the okyo stock market, the local market
      4,446 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4131 22 f Main hdwMt 5«5 +23 +4.«k <7F I ifr 1400 +20 +1.4% jgj 543 20 3.8* jo* 125+13 +1.9* FELS 30* 720 +10 +1.4* /£?Pacific 960 +3 +0.3* UOB Foreign 740 +3 +0.7* 233 +3 +12* TtosTSb 392 +4 +1.0* HowFok 263 +4 +1.5* YSJLnZco
    4,131 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Interest in second-liners helps push up prices
      3742 23 Bernama Reuter SHARE PRICES on the Kuala Lumpur stock market closed higher in active trading yesterday, led by renewed buying interest for secondliners. The KLSE Composite Index closed 1.55 points up at 629.31 after being up 2.64 at midday. The Industrial Index, however,
      Bernama; Reuter  -  3,742 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      255 23 NOTICE To the holders of the US$lOO,OOO,OOO Floating Rate Notes Due 2001 of: NATIONAL BANK OF HUNGARY (Magyar Nemzeti Bank) SZABADSAG TER 8-9, BUDAPEST V, KM 850, HUNGARY We hereby certify that the rate of interest payable on the above mentioned Floating Rate Notes for the Interest Period beginning on
      255 words
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      Page 23 Advertisements Column 2
      52 23 COUUGENDUM PROPOSAL TO CHANGE OP SHIP'S NAME Reference to our advertisement dated the 2Sth day of July 1960 In respect of the vessel "Vigilante Mariner" to be renamed "Eastern Mariner", the address of Aspa Marine B.A. Is Jalan Lautse ISA, Jakarta *****, Indonesia. And omitted as published. Signed Eastern Navigation
      52 words
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      Page 23 Advertisements Column 3
      369 23 NOTICE NOTICE IS HEREBY GIVEN that, I Low Rng Choon of No 4 Cheng Lim F'way 5 Singapore (1954), have applied (or a Retail Beer Shop licence in respect of premises at M/s SAHE (Holland Road) Farm Product Supermarket Pte Ltd at Blk 806 #01-158, Hougang Centre Singapore (1963), and
      369 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      247 24 rim,--r hti Ymr Craap Net Mat aftop «mi ana to pr«m/toM(l> par tiara MM ('000) (edits) Mwata Jul 27 Mar 90 18,309p(20,925p) 94.2(107.2) 30(30.8) B SMtmam Jul 5 Mar 90 $13,454(16.793) 56 1(28 3a) 35n(15a) Metro** Jul 4 Mar 90 $8.0Q6($10,219) 14 6(18 7a) 4(2.7a) Rodmans M Jul
      247 words
    • Article
      PRELIMINARY RESULTS
      251 24 fiapirr Dato Ycar 6ra«p pr»-Ux Hrt aai dwp w**» am to pr«m/to»* (l) (•000) (c«rt») Corpn Jul 26 Mar 90 M$15,410($l 1.001) 10(6.3) 1(2) -MM J* 25 Mar 90 M$81.396($58,006) 24.1(22.1a) 10(7.5a) Choc Prod M 17 Mar 90 M$2.095j($1.231) 0.9(-) R»M Hussatn Jul 13 May 90 M$30,1Q5(M$15.338) 21.8(11.1)
      251 words
    • Article
      INTERIM RESULTS
      214 24 CiimT Data Half-year Croup pretax am ta pra<lt/tass (L) «vMee< A ('000) Juronc Ship Jul 27 )un 90 $30,889(823.403) 10(-) m Jul 27 Jun 90 M$30,066( $20,202) 2.5(3) MU Mf| Jul 27 Jun 90 MJ6.842 ($5,321) 9.6(5) Hue Moh Jul 26 Jun 90 $1,563(11,504) SNP Jul 26 Jun
      214 words
    • Article
      CORPORATE DEVELOPMENTS
      353 24 M 30 Keppel Cwporita and the Indonesian Wanandi roup are to buM a USJ2OOm resort hotel in Bali. M 27 General Magnetics is setting up its first overseas sales representative office in Bremen, West Germany. Superior Metal PrMhg is offering 12m shares at 65 cents each. M 26
      353 words
    • Article
      DIVIDENDS ANNOUNCED
      413 24 Cwrwt b BmI» Mi T«MI Mr UMMr piyiat cMm payaMa ttoyMr MatyMr Mm >Mp n M| 21 S*7 S*26 n 6% MM lOt S* 21 Oct 5 Nm 1 101 7S%(a) MR 2.75M Jm 20 M 5 M| 15 2.75mi 1.29m 7.5%TE(I) Oct 12 Oct 25 Nm 15
      413 words
    • Article
      RESULTS DUE
      555 24 M par n- 30 rw 89 SMI ff- 5£ >-*•> w MIMAmm FM Iwi 1 Ok 89 121 U V* FM Mm 1M 23 S* 90 351 »JJ ®g Mm M 24 Ok 90 115 10 U.SM IBS Mm *25 Ok 90 171 121 JjJ MtlMM Mm M
      555 words
    • Article
      APPROVED ISSUES
      185 24 CoMpaiy Mgtote ||$4M m Cap Ont^or-int# MSliO pa Ami (****** It Cornwall Unwind Low Slock ot MSI 00 Rona* ntot to bt ■Mi oa Im of 1 CULS tor nay «fht Aim tail Ei-tfoto ton 6 Books door ton 20 f C %:cec*arx.t nymenv o Ktoto Mho 0®)
      185 words
    • Article
      BONDS, LOANS & WARRANTS
      647 24 BONDS, LOANS WARRANTS Caapaqr Ciwiiw parted Cnwnl»i lam tor mm arflaary afcara 5 m Bctore 26/4/93 1 wmK pto 13-09 cart C—IBI) law C— III 2/10/89 to 20/10/94 1 warrant pto (1 cart or 1 warrant ptos >1 nmi—I amownt o> too stock. a— wrtM 0— Wm m Itoth 87
      647 words
    • Article
      PROPOSED ISSUES
      466 24 Cowp—y Right* to— Canny toe Caprt* reduction scheme to reduce par value of stares from $100 to JO GO; Rtffc issut of 12 <U0 per start CM Onetor-one MI4.00 per stare. Eeary tow ntfits stares would to ssued wth owe TSK QB Qne-tor-two 11.75 with on* warrant. FMCi
      466 words
    • Article
      COMPANY MEETINGS
      144 24 United MurtU Corporation Ltd: EGM at Shangn-la Hotel, Orchid Room, Orange Grove Road, Singapore 1025 on Friday, August 3, at 9am. Golden Hope flwUMpw Bh± 14th AGM at the Sarawak Room, Basement 2, Shangn-La Hotel, 11 Jalan Sultan Ismail, ***** Kuala Lumpur, on Wednesday, August 8, at 11.30
      144 words
    • Article
      RECORD HIGHS & LOWS
      119 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index u»13 flfi/7/<M> 1(07.12 (27/3/90) 22? 555 32!X 1458.18 (2/5/90) SSL 3»m ra/12/S *****6 C*/i2/») JJJJf "£JS 1030® (4/I/O) ttl Mr 1043 K 8/8 88 *****7 <*W»> m nm S/i/S im 833 61 (4/1/ll) 1435 43 <6/7/90 1« 7 12 (27/3/90) 242.01m
      119 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      102 24 FOR WHO, WHAT, WHERE AHD WHEN IN 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
      102 words
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      Page 24 Advertisements Column 2
      6 24 CHARTPOINT Every Saturday in Business Times
      6 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Stocks close lower for seventh trading day
      2240 25 TOKYO SHARES closed sharply lower in thin trading yesterday, making the seventh straight trading day of declines, amid worries that yen interest rates may rise further. However, indexlinked cash buy programs picked the key Nikkei index up from earlier lows, brokers said. "The
      2,240 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Prices end lower, further correction expected
      2448 25 HONGKONG STOCKS slipped steadily in afternoon trade yesterday neutralising a late morning clawback to finish the day broadly lower on relatively thin volume. "We are firmly in a period of consolidation but it is difficult to forecast how much further it will come off,"
      2,448 words
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  • REGIONAL STOCK MARKETS
    • Australian market closes weaker
      • Article
        AUSTRALIA
        1007 26 THE AUSTRALIAN sharemarket finished weaker but off its lows in very quiet trade yesterday, brokers said. "There's nothing to spur the market up and the general feeling is that the (June quarter) CPI (due today) is going to be pretty atrocious," one broker said. The All Ordinaries index ended
        1,007 words
      • Article
        BANGKOK
        687 26 BANGKOK STOCKS closed sharply lower yesterday as the market consolidated after last week's hefty gains and on lingering uncertainty over a cabinet reshuffle, brokers said. The composite SET Index fell 15.48 points to 1126.85 in moderate trade. "The market is con- solidating after a bull run fuelled by rosy
        687 words
      • Article
        SEOUL
        821 26 SEOUL STOCKS fell in weak trading volume yesterday as investors were discouraged when rumoured measures to boost the market failed to materialise. The composite index closed at 673.80, down 4.94 points from the previous session. Turnover was unusually low at 33.1 billion won compared with 63.1 billion in Saturday's
        821 words
      • Article
        TAIPEI
        373 26 THE TAIWAN STOCK index rose at the opening and finished higher yesterday as small investors bought shares in financial issues after some profit-taking. The weighted index rose 155.17 points, or 2.9 per cent, to close at 5,597.39 compared with Saturday's 5,442.22 finish. Turnover rose to NTSB7.S billion from NT562.5
        373 words
      • Article
        MANILA
        541 26 MANILA SHARE prices rose yesterday as buyers anticipated that some industries, especially construction, would benefit from a Philippine plan to seek debt relief and fresh funds for rehabilitation following the July 16 earthquake. The Manila Stock Exchange composite index closed at 936.63 points, up 12.06 from Friday in its
        541 words
      • Article
        NEW ZEALAND
        352 26 NEW ZEALAND shares dipped below 1,800 points on the Barclays index on light volume yesterday and brokers see continued flatness before the general election. The index was estimated to have closed at 1,798.33 points, down 21.79. The low for the year to date was 1,673.40, set on April
        352 words
      • Article
        JAKARTA
        589 26 BEARISH SENTIMENT sent prices on the Jakarta stock exchange dovm yesterday with the composite index falling 4.43 points to 619.66. Nickel producer Inco dominated the regular market at 130,000 shares, but it fell ISO rupiah to 8,050. Bank Duta ranked second at 79,500 shares. It slipped 50 rupiah to
        589 words
      • Article
        Untitled
        410 26 ClOM PflH—i MrN Mr SYDNEY All Ordinaries Index 1,363.9 1,578.7 -14.8 All Industrials Index 2,409.2 2,435.3 -26.1 1 All Resource* Index 915.5 922.0 -<.5 Turnover (million) 80.03 113.05 -33.02 BANGKOK SET Index 1,126.85 1,142.33 -15.48 Turnover (nearest "000) NA 77,859 JAKARTA Composite Index 619.66 624.09 -4.43 Turnover (nearest *000) NA
        410 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article, Illustration
      Sang Kancil is back with $50,000
      774 27  -  THE By David Gabriel STARTING today, BT will track and report on this page the weekly progress of a new private investment fund called "The Sang Kancil Portfolio". Readers of the BT may remember Sang Kancil from about five years ago. This was a
      774 words
    • Article
      MONEY MARKET
      551 27 Interbank rates S> Bid Oder Overnight 6 1/4 6 1/2 1-month 6 15/16 7 1/16 2-month 7 7 1/8 3-month 7 1/8 7 1/4 Overnight mode 5-5/8 US* Bid Offer 7 days 8 8 1/8 1 month 7 15/16 8 1/16 2 months 7 15/16 8 1/16 3
      551 words
    • Article
      FINANCIAL FUTURES
      1494 27 SIMEX EUROOOUM Open High Low Sett Est Vol Op/Int Vol Sep 90 92.07 9108 9106 9109 2200 ***** 2548 Dec 90 92.15 92.17 92.13 92.17 5800 ***** 3543 Mar 91 92.13 92.17 92.12 92.17 1500 3620 697 Jun 91 91.94 91.98 91.94 91.99 900 600 321 Sep 91
      1,494 words
    • Article
      Dollar closes mixed in quiet trading
      446 27 FOREX MARKET REPORTS THE US DOLLAR closed mixed during Asian trading hours yesterday but the exchanges were mostly quiet due to a lack of fresh incentives. In Tokyo, the greenback ended marginally mixed after lacklustre trading, closing easier against the yen and sterling, but
      446 words
    • Article
      INTERBANK FOREX RATES
      395 27 Cross rates jm y 30 USS SS MS Dm Yen SFr AS NZS US$ 1.8185 2.7025 1.6110 148.95 0.5435 1.3625 1.2626 1.6906 S$ 0.5499 1.4861 0.8859 0.8191 0.2989 0.7492 0.6943 0.9297 MS 0.3700 67.29 0.5961 0.5512 0.2011 0.5042 0.4672 0.6256 Dm 0.6207 1.1288 1.6775 92.46 0.3374 0.8457
      395 words
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  • COMMODITIES
    • Article
      Lock icon De Beers' Soviet loan seen as good for gold
      303 28 Reuter THE US$l billion loan to the USSR from Swiss-based De Beers Centenary AG, secured by the Soviet diamond stockpile, could help to underpin gold's recovery from the lows seen earlier this year, analysts say. "This deal clearly eases the pressure
      Reuter  -  303 words
    • Article
      Lock icon Opec deal seen as a boost to prices
      272 28 Reuter AN OPEC agreement to curb oil output was widely seen as bolstering short-term US energy prices. But most analysts were sceptical Opec members will adhere to the new quotas through the fourth quarter. Markets reacted bullishly on news that Opec will
      Reuter  -  272 words
    • Article
      Lock icon Uganda seeks to expand tea output
      110 28 Reuter UGANDA'S tea industry, already forecasting a 50 per cent increase in exports this year, will try to expand output further to take advantage of the liberalisation of foreign currency regulations now being implemented, a leading industry official said. Margarita Mugabi, secretary/general manager of
      Reuter  -  110 words
    • Article
      Tin recovers by another five sen to M$16.07
      845 28 WEEKLY ROUND-UP THE tin price on the Kuala Lumpur Tin Market (KLTM) continued to recover on short covering activity and renewed buying interest from Europe. The price rose by five sen to M$ 16.07 per kg yesterday. At the opening price of
      845 words
  • Article
    PRICES
    1368 28 Rubber jm y 3o MStfcfclnHM) S cents/kg J Noon Close I Int I RSS Prompt 154.50/I55.50N 154.00/155.00N Int I RSS Aug 90 155.50/156.00 155.0015 5.50N Int 1 RSS Sep 156.00/156 50 155.50/156.0ON Int 2 RSS OP 153.25/155.25N I53.00/I5500N Int 3 RSS OP I48.7VI 50.75N I48 50/I50 50N Int 4
    1,368 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      657 28 NOTICES IN THE MATTER Of THE COMPANIES ACT. CAP. 50 Pursuant To Section 2ttX2)(b> TEM INVESTMENTS PRIVATE LIMITED (In Mtmbtn' Voluntary Winding-up) At an Extraordinary General Meeting of the abovenamed Company duly convened and held at 1123 Serangoon Road. Singapore 1232 on Monday. 30 July 1990 atIO.OO am the following
      657 words
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      Page 28 Advertisements Column 2
      841 28 IN THE MATTER OF THE COMPANIES ACT (CHAPTER 50) AND IN THE MATTER OF LAM HONG OFFSHORE SERVICES PTE. LTD. (Incorporated in the Republic ot Singapore) (In Liquidation) (Members Voluntary Winding-Up) At an Extraordinary General Meeting ot the abovenamed company duly convened and held at 7500 A Beach Road #09-318.
      841 words
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      Page 28 Advertisements Column 3
      15 28 Read Chartpoint, a guide lo investing in the stock market. Every Saturday in Business Times.
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      913 29 City Flgjrt ETA Flight ETP I »L. nk|U GA893 1045 GA892 0010 I GA886 0010 GA974 2359 MlUMt SQ226 2035 QF82 2200 Amsterdam GA893 1045 SQ24 2200 SQ23 1810 GA974 2359 QF6 1830 MiMM QF16 1830 SQ24 2200 0A471 2205 iaa TE25 1800 TE26 1920 SQ388
      913 words
    • Article, Illustration
      It's the people who are delights
      518 29  -  POSTCARD FROM TURKEY By Neville Stack TRAVEL in Turkey is a Turkish delight. Well, mostly. The first thing one must remember is that the Turks conduct their affairs by a set of rules understood only by themselves. For instance, an occasion as joyous as
      518 words
    • Article
      MONEY CHANGER RATES
      151 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4270 1.4470 Canadian dollar 1.5610 1.5810 NZ dollar 1.0595 1.0795 Sterling pound 3.3270 3.3570 US dollar 1.8110 1.8210 liOcal dollars to 100 units of foreign currency Austrian schilling 15.75 16.75
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      120 29 Dura.,on Title Venue Oqpmiser Td Punt .on Title Venue Orgamser Aug 1-2 New Trends In The Hilton Hotel A«C ,W0 Hotel Resort Jakarta Conference ,£?ood and Industry Catering Industries Aug 2-3 Marketing Ming Court Malaysian 03-*****39 Sep 19-24 International Italy COSMIT 2/*****61 Strategy Hotel Stategie Lighting KL
      120 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      48 29 -A y |he hu>ino» person's choiic c\cr\ liicmLu. T I i I Ihursdav.Saturdu .iml Vinibv h.injji II II \irport .11 22:25 hour- lrul .irriunc it lo«.in 1 y l J M V 1 lntcrn.itiiMi.il \irp.>rt the tiillnvniis; il.i\. A I:i;i; \th (>l l'i:l.>ll All: \jS Air Canada 1
      48 words
    • Advertisement
      Page 29 Advertisements Column 2
      200 29 BT SURVEYS Looking Wider, Thinking Deeper I I Some subjects are of such interest to our readers that they I I demand more space and more research than can be given in our daily I I reporting. As part of BT's overall service we have always recognised I I this
      200 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      251 29 1 Severely criticised skipper r I r on different dates 8 Hasn't a foot wrong so 11 It's quite a way on Sunday BT M__M__U—UW an Ulster area (4) 10 12 Show estimable feeling —PV—— with trouble about (5) 11 I I 12 I I 13 Goodbye to depression (4)
      251 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      211 29 Singapore Outlook: Showers over several areas in the pre-dawn hours and early morning Report Max temp 32.2"C Assoc humidity 57% Mintemp. 23.7 Assoc humidity 100% Hrs of sunshine 6.45 Rainfall in mm. 8.9 Rainfall this mth 123.9 Rainy days this rath 11 World forecast Asia-Pacific Hi/Lo* Coad. Auckland 14/10 Fair
      211 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      39 29 sagaa*— U3VW A FOOL rV£fc0E*...A found MV FIRST eveR P*cxeT th»S 7 I r nogh4'r4G>. I've LoASn£C> &GHT > r SHOULD H>ve ON -rue p 'KST mofcNiNG i vop\S ON Tie AVTH TO NOWHGtfe. 1/ *HD ME" V. BOTH vtiddo.
      39 words
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  • Article, Illustration
    Baker urges members to help make Uruguay Round a success
    448 30  -  Asia-Pacific Economic Cooperation forum By Harish Mehta US SECRETARY of State James Baker has called on the Asia-Pacific Economic Cooperation forum to back the successful completion of the Uruguay Round of trade talks, while several ministers voiced disappointment with the
    448 words
  • Article
    Fears of diluting Asean assuaged
    250 30  -  By Kenneth James A CLEARER perception of Apec, and Asean's involvement in the consultative forum, has helped alleviate worries that the Apec process might dilute Asean, ministers from the six-nation grouping said yesterday. Malaysian Foreign Minister Dato' Haji Abu Hassan Omar, speaking as chairman of
    250 words
  • Article
    S'pore firms wake up to Terengganu's opportunities
    174 30  -  From Shoeb Kagda in TERENGGANU SINGAPORE companies are part of an increasing number of international firms benefiting from the economic boom sweeping the West Malaysian state of Terengganu. One Singapore firm, believed to be Firstronics Components, has invested in a Mslo million manufacturing
    174 words
  • Article
    E Europe changes won't affect Asia, says Japan
    371 30 ASIA'S 'dragon' economies and Asean, both of which have strong structural links with the developed countries, will not be affected by the changes in Eastern Europe, said Japan's Minister of International Trade and Industry. Referring to a possible shift of capital flow
    371 words
  • Article, Illustration
    Lock icon Protest against land dispute
    40 30 Aboriginal people from across Canada and the US met outside Oka, Quebec, last Sunday to protest against a three-week-old land claims dispute. The controversy has been marked by clashes with the police. AFP picture AFP picture
    AFP picture  -  40 words
  • Article
    Lock icon Sihanouk calls for resistance meeting
    378 30 NYT, Reuter CAMBODIAN resistance leader Prince Norodom Sihanouk has called for a meeting in Beijing of the anti-Phnom Penh guerilla coalition which is dominated by the Chinesebacked Khmer Rouge, Cambodian sources said in Bangkok yesterday. The prince, Cambodia's former monarch and the guerilla alliance's figurehead,
    NYT,; Reuter  -  378 words
  • Article, Illustration
    New treaty on US military bases likely
    619 30  -  The Bottom Line BERNARDO VILLEGAS BERNARDO VILLEGAS The writer is senior vice-president and qhief economist of the Center for Research and Communication in Manila. The views expressed are entirely his own. NEW INVESTORS taking a keen interest in South-east Asian countries continue to
    619 words
  • Article
    Lock icon China should aim for moderate growth: paper
    483 30 AFP CHINA'S industrial growth should not exceed 10 per cent annually during the 1990s to avoid outstripping agricultural growth and overtaxing power supply and transport systems, according to the Guangming Daily. The influential newspaper, in an article excerpted yesterday in the official China
    AFP  -  483 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      56 30 PiageT KWLLIER EN HORUXERIE DEPURIB74 GENEVE FULLY FURNISHED EXECUTIVE OFFICE for the mere price of a room! Complete facilities telex, fax, copier, word processing, secretarial services, conference room, answering service, long short term lease you name it! Your inspection enquiries welcome WORLD WIDE BUSINESS CENTRES (S) PTE LTD •11 04
      56 words
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      Page 30 Advertisements Column 2
      216 30 PiageT JOAIIJJER EN HORI/XiERIE DEPUISIB74 GENEVE SINGAPORE INSTITUTE OF management wmmmmmmmmm MASTER OF SCIENCE IN HUMAN RESOURCE MANAGEMENT awarded by Rutgers. The State University of New Jersey This is an 18-month programme commencing in November 1990 It is designed for human resource managers and practitioners to sharpen their skills in
      216 words
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  • Shipping Times
    • Article
      Judgement on Seawinds suit against Nedlloyd soon
      389 31  -  By Dexter Lee A US FEDERAL COURT will soon be delivering its judgement on a US$3OO million lawsuit taken out by bankrupt American carrier Seawinds against a former principal, Nedlloyd Lines, for breach of fiduciary responsibility. Sources said that the case, which was
      389 words
    • Article
      Mitsubishi recalls six modern VLCCs
      511 31 JAPANESE shipbuilder. Mitsubishi Heavy Industries (MHI) is recalling six of its "second-generation" VLCCs for inspection and possible repairs after cracks were found in the cargo tanks of one of its ships delivered less than five years ago. A report in Lloyd's List quoted the yard
      511 words
    • Article
      Thai port's profit rises 29pc
      356 31 THE Port Authority of Thailand (PAT)'s net profit surged to 1.7 billion baht in the first nine months of fiscal 1990 starting October. This was a hefty increase of 29 per cent from the same period previously. The impressive showing was due to higher volumes
      356 words
    • Article
      Lock icon FMC crackdown leads to record Pacific settlement
      317 31 Lloyd's List THE CRACKDOWN by the Federal Maritime Commission (FMC) on illegal rating and rebating has resulted in a record settlement with Pacific shipping lines. The settlement is the largest reached under the 1984 US Shipping Act. FMC acting chairman James Carey refused
      Lloyd's List  -  317 words
    • Article
      Chung Wah to raise HK$102m
      249 31  -  By A J Leow TRADING in Hongkong's Chung Wah Shipbuilding and Engineering shares resumed yesterday on the Hongkong stock exchange after the company unveiled plans to raise new capital of HKSIO2 million. The proposals include a one-for-five rights issue and a placement of 60 million
      249 words
    • Article
      Lock icon PIA profits below estimates
      134 31 Reuter PROFITS for fiscal 1989/90 of the state-run Pakistan International Airlines (PIA) totalled 710 million rupees (U5532.6 million), compared with budgeted estimates of 1.01 billion, the company said in announcing preliminary results. "The shortfall has been primarily on account of operational costs and enhanced pay packages,"
      Reuter  -  134 words
    • Article, Illustration
      APL adds direct service to Pasir Gudang
      335 31  -  By Dexter Lee DRAWN by the fast-growing container traffic through Pasir Gudang, American President Lines (APL) has extended its Malaysia feeder service to include fixed-day calls at the Johor port. Its Malaysian Shuttle links Malaysian ports Penang and Port Kelang and Indonesian port
      335 words
    • NEWS SUMMARY
      • Article
        The US$87b route to progress
        49 31 SPURRED BY a need to anchor the nation economically and politically at the crossroads of a new Europe, the French authorities are stepping up efforts to develop transportation systems with projects that could could cost US$B7.2 billion over the next 25 years. Page 2
        49 words
      • Article
        Aerospatiale seeks to match European rivals
        41 31 THE French state-owned company Aerospatiale is seeking to grow in size to match its European rivals, explaining its recent attempts to buy Ford Motor Co's aerospace subsidiary and Boeing Co's de Havilland unit Back Page
        41 words
      • Article
        Brazil, Argentina unveil high-tech plane
        28 31 THE joint unveiling recently of the high-technology CBA-123 commuter airliner highlights the determination of Brazil and Argentina to integrate their economies. Back Page
        28 words
      • Article
        More joining TT Club
        47 31 THE Through Transport Mutual Insurance Association, otherwise known as the TT Gub, says membership is fast climbing towards 1,000 with 956 individual members being on its books at the end of 1989, a net addition of 111 entries during the calendar year BackPage
        47 words
    • LOG BOOK
      • Article
        West African freeze on shipping rates extended
        98 32 A THREE-YEAR-OLD freeze on shipping rates to and from West and Central Africa has been extended to Sep 30, 1991. Magnus Addico, chairman of the Ghana Shippers' Council, told the Ghana News Agency that the deal was negotiated with shipping lines at a
        98 words
      • Article
        Oil spill closes Houston channel
        90 32 A COLLISION between two oil barges and a Liberian oil tanker has left a 2.5-km-long slick in a Texas bay and closed the Houston Ship Channel indefinitely, the US Coast Guard said on Sunday. The tanker struck two oil barges being towed by tugboats in
        90 words
      • Article
        Rumanian airline buys planes
        80 32 RUMANIAN national flag-carrier Transporturile Aeriene Romane (Tarom) has signed a contract with Airbus Industrie on July 19 for three A3lO-300 Intercontinentals. The first of the aircraft will be delivered to Tarom in March 1992, and the others in May 1992 and February 1993 respectively. The airline
        80 words
      • Article
        Aircraft's nose gear collapses
        47 32 THE NOSE GEAR on a Pan Am Express flight carrying 44 people collapsed as the plane landed on Sunday, but no one was injured, officials said. Flight 4805 from Boston landed at John F Kennedy International Airport at 2157 GMT after two approaches.
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      • Article
        Oil slick near Greek coast
        71 32 AN OIL SLICK 73 km long and 10 metres wide was left in the wake of an Indian freighter off the coast of the Peloponnese in the south-western Aegean Sea. The Greek merchant marine ministry said on Sunday that the slick did not pose a
        71 words
      • Article
        Moscow airport access restricted
        99 32 AUTHORITIES have restricted access to Moscow's international airport at Sheremetievo because of overcrowding and recent cases of near-rioting, the government Izvestia newspaper reported on Sunday. Vladimir Potiemkin, the head of Aeroflot's international air traffic department, said the measure was taken mainly because of scenes of chaos
        99 words
    • Article, Illustration
      The US$87b route to progress
      1311 32 French authorities feel that the billions of dollars they are pouring into improving transportation efficiency would be the key to attracting business investments in an integrated European market SPURRED BY a need to anchor the nation economically and politically at the crossroads of a new
      1,311 words
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      TRANSPORT DIARY
      1009 32 July 10-Aug 14: Forklift Electrical System course organised by Singapore Port Institute (SPI). Details and applications form, please contact SPI at tel: *****25/*****26/*****30. July 17-Oct 30: International Freight Forwarding 11, conducted by the Singapore Freight Forwarders Association. The Manager, SFFA, 7500 A Beach Road. #13-314 The Plaza, Tel
      1,009 words
    • Article
      THE SHIPPING GUIDE
      12486 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,486 words
    • Article
      SHIPPING AGENTS
      3439 45 A* Coatalaeriiae NV: Belsin Shpg I Agencies Pte Ud (SyMarine Handling Sdn Bhd (PK/PN). Accord Shpc Accord Shpg Pte Ltd (SyAccord Contr Une (M) Sdn Bhd (PKyAccoid Contr Une (PG) Sdn Bhd (PN). Adkria ftalam C orporatioa Philippine: Calsource Shpg A Trdg Pte Ud (S) Ahreakid Liaer Service:
      3,439 words
    • Article
      COURIER SERVICES
      220 45 AkfCwHin Tel: 545-8011, 448-6415. AJr L— Satlu Td: 533-5771. Ft*: *****44. AJrfcorae Freight Corporatioa Td: 542-8844. Fax: *****16, *****80. AJS SappUes Td: 748-6322 (2 lines), 747-7421. Fax: *****75. Clty-Uah lateraatioaal Td 344-3377. Fax: *****50. Claater Uak SappUes A Services Td: 296-5720. DHL lateraatioaal Td 344-8911. Fax: *****61. DPE
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    • Article
      AIR FORWARDERS
      1481 45 Abex Expreaa Freight T< Td: 542-7171. Fax: *****84. Actiak Forwarder T( Td: 225-1833. Fax: *****42. 54 Actlvak Siaaapore Fl Td: 542-7822. Fax: *****20. T< Aerottak K G Freight lateraaboaal Fl Td 545-5992. T< •inn, G Tet 542-5911. Fax: *****18. T< Air Cargo Nora Expreaa G Tet 542-5454. Fax:
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    • Article
      PORT CONDITIONS
      2726 46 ARGENTINA Sm Lorenzo: Port busy; 7 vessels operating of which 6 loading peiletized meal/by-products, I discharging chemical products; 4 vessels in roads awaiting berths to load grain/by-products. RMario: Four vessels in port of which 1 loading sugar, I vegetable oil, 2 peiletized meal; 2 vessels in roads awaiting
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      Lock icon SHIP SALES & TANKER RATES
      600 46 SHIP SALES TANKER RATES Reuter. AFP VESSELS SOLO FOR FURTHER TRADING Bulk can lets Huatsland: 19,122 dwt and built 1971, was purchased by Greek interests for around US$2.l million. Sibtr Bill: 41,300 dwt and built 1990, sold to unnamed buyers for around US$l9 million. Rente Leoahante 9,152 dwt and built
      Reuter.; AFP  -  600 words
    • Article
      AIR FREIGHT SCHEDULE
      524 46 ARRIVALS DEPARTURES Op Flight Type ETA From Op Flight Tyy ETD To TOO AY TODAY KAL KE697 B747F 0155 SEL FDX FM66 B747F 0200 BKK/TPE/ NCA KZ205 B747F 02 >5 NRT NRT/ANC/ JAL JL617 B747F 0345 TYO ORD/LCK/ CLX CV7972 B747F 2115 LUX/DXB/KUL BOS SIA SQ802 B747F
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      CRUISE & FERRY SCHEDULES
      363 46 CRUISE FERRY SCHEDULES N::iiM4H!irza Arr Deo Nunc of Vessel ETA Port Agent Ports of Calls AUGUST 21 21 Orient Venus (MV) 28 29 Andaman Princess 30 31 Andaman Princess 0600 0800 1500 2000 1700 1700 Borneo Shipping Andaman Cruise Andaman Cruise Sin-Freman tie-Jakarta-Kobe Cruise to nowhere Cruise to nowhere SEPTEMBER
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    • SHIPS IN PORT
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        AT CONVENTIONAL WHARVES
        560 47 Vl|1l1 M ihU W Voy No Berth AnM 0**n Maan»l Wturves fan ,am '51 P3W 30 07/2300 02 08/0600 Chofo 19MB K18 atongade 30.07/1830 hateh 24/90 P4A 31.07/0930 31.07/2300 Inn, 1002C CIO alongside 01 08/0700 *»on 18/90E P2A 31.07/1530 01.08/1800 !Um*were« 3£ M0 along** 31.07/0630 [eFermr* 6/90
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        CONTAINER SCHEDULE
        1099 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO Record Boottif/Bianct 1Mb SNp Voy No Period From To From P of DbcSai Space Ha fcj. 6A 2 30/1700 31/0669 31/0900 3 31/0700 31/1159 31/1400 V, Ros, IB 2 30/1700 31/0659 31/0900 3 31/0700 31/1159 31/1400 4 31/1200 31/1459 31/1700
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        IN MALAYSIAN PORTS
        293 47 PftMif South Port on My 30: Duches berth 1; Victoria Cob berth 2; Muba Hayu berth 4; Hong Soon *11(66) berth 7; Swee Ann Satu berth Ik, Petro Mewah berth J.SheU. KCT: Thana Bhum berth 8; Saudi Asha berth 9. forth Port Hwa Song berth 12; Ha
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    • Article
      DAILY FREIGHTS
      1027 47 THE FREIGHT market ended the week on Friday with several fixtures at steady to firmer rates, brokers said. The Baltic Freight Index rose a further seven points to 1,157, with the key US Gulf to Japan grain sub-index marked up slightly to U5518.75 from US$lB.7O after a fixture
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    • Article
      Lock icon Aerospatiale seeks to expand
      589 48 Reuter THE French state-owned company Aerospatiale is seeking to grow in size to match its European rivals, explaining its recent attempts to buy Ford Motor Co's aerospace subsidiary and Boeing Co's de Havilland unit, aerospace analysts say. "Aerospatiale is not in fact a very big company.
      Reuter  -  589 words
    • Article
      TT Club's membership fast climbing towards 1,000
      257 48 THE Through Transport Mutual Insurance Association, otherwise known as the TT Club, says membership is fast climbing towards 1,000 with 956 individual members being on its books at the end of 1989, a net addition of 111 entries during the calendar year. The
      257 words
    • Article
      Lock icon Pilot union launches Airbus lawsuit
      148 48 Reuter A FRENCH pilots' trade union said it was launching a private lawsuit over alleged interference with the flight recorders of an Airbus Industrie airliner that crashed in 1986. The National Airline Pilots' Union (SNPL) said in a statement it was launching the lawsuit for
      Reuter  -  148 words
    • Article
      Lock icon Brazil and Argentina unveil high-tech plane
      309 48 Reuter THE joint unveiling recently of the high-technology CBA--123 commuter airliner highlights the determination of Brazil and Argentina to integrate their once-insular economies. The 19-passenger aircraft, the first for regional airlines to be propelled by two turboprop engines mounted on the fuselage, is a
      Reuter  -  309 words
    • Article
      Lines form group to seek better rulings
      129 48 ELEVEN ocean carriers have banded together to form a new organisation seeking more favourable regulations on the transportation of hazardous materials. According to Seatrade Week, the Vessel Operators Hazardous Materials Association, as it is called, will focus on ensuring that carriers' views are
      129 words
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      337 31 HSWK HEN 6 METAL CO PTE LTD 13. TUAS Ave M Singapore 22*3 TELEX RS 20»7» SHMCPV TEL: *1 SMS (5 www TfLIFAI: Ml /MUfliL T"* twr.AfOW. MALAYSIA ConrmVX THAILAND, INOONfXIA >DMHitiPG rmiirrwm eCH«ra HHB Conlan* HwxMrt and Sbn* rip tcw*-**** c*>ww i>n PaM Tfwdu AWO bur mm '•ma A
      337 words
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      88 32 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
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      1791 33 ~mm m JAR DIME SHIPPING AGENCIES 200 CMtommnt Road #12 05 SouttipotM, Smpport 0201 \lllf# Til *****11 TELEX NO RS ***** VfTma terminaucfs u mom m PBmflrl BOOKINGS Til *****34 235 \&rw A pesaka jardine shipping agencies son. mo. PORT KELANG TEL 36M11S TELEX NO. MA*****/MA***** "52S PENANG TEL *****4
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      912 33 MDEX TOfIDVERTCKS I C I .MISC 14 1-1 !~"i 'ZZSSZ7 Wk Accord Shpg 8 l-J Mn ia 4/5 Albatros Sea-Air 14 5 APT I 14 4 MOSK (FOItSl) •JS 5 3-5 Mutiara Samudra 18 I Arrow Lines 9 5 Myanma Asian Express 6 4/5 Myanmar Conl 13 4 A 11st
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      2151 33 Vmml Voy ETA I ETO 'Port 'Panang DESTINATIONS S«no*Por« KMang Thit Ml MIX M 9006 Closing Jmtm FtMo by CV 0400 MRS M Far CO a HHI 818 CfS M ZX* MRS M Tauro OAK LOB HOU MEM ATI MIA CHS BAL PML NYC MON TOM METTE M MXM 7/8
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      1105 34 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE Si e i Us 11 HAMBURG EXPRESS t7/»2 9/8 3/9 28/8 30/8 27/8 2« BENALDER 96/586 12/8 29/8 31/8 2/» KOWLOON BAY 96/5®6 16/8 10/9 ,0« TOKYO BAY 99/599 19/8 5/9 7/9 OSAKA BAY 95/598 23/8 17/9
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      492 34 A f DIRECT SOUTH PACIFIC SERVICE SIN NOU PPT I. FLOREANA 28/8 14/9 19/9 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA, PAGO PAGO, APIA 1 NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP I. FLOREANA 28/8 3/10 4/10 8/10 AHo accepting Carjo to Call* (Pvu) via Valpa Ag«nts: SINGAPORE: *****56
      492 words
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      1001 34 Mjpi(pH| mxmm „^?Ti AR iwocpewo€wir <?*>*** 1 w££t66UN& FOR EUROPE Z VSL/VOY SIN ALC BCL FEL ROT A«T I*l NOR ASIA MUBARAK 9022-3 0308 24/08 26/08 31« W gj» "J® Jlj} N-AL MANSOORAH 9023-3 10/00 3 -08 02« 05W 07TO M M IJW lgj JAPAN SEA 024-W l/ I 07
      1,001 words
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      1772 35 Steamers Maritime Holdings Ltd P&O ■TW STRAITS SHIPPING wl Containers fc3 a,ja w^ Vor No PKlang S port S'tai H burf B tu«*n K dim L«h ACCEPTS DUE SAILS tokio express Him +m.rijii-jv oi,« im* nja am cargo KATSURAGI 01, MO +T.BHUM-JK7 K« 27« 21m 23m 2W» 2MB MERCURY JADE
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      Page 35 Advertisements Column 2
      1398 35 TO: EUROPE TO: FAR EAST SP IH RDM HAM B'HVN FIX STORE HK MO KM IU HANJIN OAKLAND 009W 4/1 22/» 23/1 240 200 270 HANJIN HAMBURG 001E VI 90 100 13/1 1«0 CHOYANG SUCCESS 010W 110 S/9 i/9 70 »0 W HANJIN ROTTERDAM 009 C 130 140 170 200
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      Page 35 Advertisements Column 3
      397 35 SPECIALIST IN RO-RO HEAVY LIFTS VESSEL ASIAN AMBALIKA COSMIC ASIAN CLIPPER PIONEER STAR VOY. NO. 125 57 7 114 Sport SW Sid 12/8 20/8 P. Kelang SW In PI 14/8 22/S Penang In Pt Hong Kong Yokohama 2/9 9/9 Nagoya 18/8 31/8 7/9 Osaka 17/1 5/9 Senboku 29/8 KMMM Hochtminh
      397 words
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      565 36 r V< MIA /p.r'mMM H'TB CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE VSJJVOY S'PORE R OAM/ H BURG BREMEN ANTWERP ADAM I PAMJANG/26W8 1-4/1 »It 2fl tfi H* KUTAI/ZSWB 11-22/1 Ziti 29/5 21f» 5 10 MA TAR AM/27*8 22 24fl 22/10 X/ 10 S/10 2/11 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISEO CARGO
      565 words
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      Page 36 Advertisements Column 2
      727 36 I6?)HANJIN SHIPPING FULL CONTAINER SERVICE rasrsr a- srsr ass™ rslawu is °s\ CHOYANC SUCCESS OWW \t/t 5/9 ifl 7fl 9fl 10fl CNO YANG CHANCE MBE 20/8 H BUSAN lttJE 14/9 1M HANJIN HAMBURG WW 25/1 12/9 13/9 14/9 16/9 17/9 HANJIN ROTTERDAM tIOW 1/9 19/9 2<V9 21/9 23/9 24/9 NB
      727 words
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      1517 36 -41 i J.T j If*L KM use KIC fU$ HKT OSK W TTO LA* CHS I*l *TC Utr *m «w FU UK w, I i onto *t «c 1* 2* m w im im un i'n im w m un i'ii w w sii w 2** w* 2s*o I GREET
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      1655 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE :*****022 DOCUMENTATION DEPT: *****44/ *****14 MVV CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K L (03) *****33, P.Keiang-(03) *****87,
      1,655 words
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      Page 37 Advertisements Column 2
      1162 37 &SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 1 (ftg<sULAft WpgfrfeNOENT SERVICE) J DISCHARGING FROM EAST BOUND LOADING FOR WESTBOUND VESSELS VOYAGE STOW MANILA HXOM VOTAg SfOOt HOAIIC H»W6 B'HAVtM
      1,162 words
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      1570 38 V\ IT AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR Mo: 124W*****0H) \Y\ fn Lj TEL *****77 TELEX KAWAKIRS23I6S FAX *****79 Vl J I 1 ■\J MALAYSIA: HARPER WIRA SON BHD \r"' ML*m ML A j£ L PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. INDONESIA N.
      1,570 words
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      Page 38 Advertisements Column 2
      1110 38 y PHILI-ORIENT LINES PTE LTD I (The Complete NVOCC Package) M MXI PsaugmoSe^ttaw^oront^^^^ ■SHBSiiiyiaiHIiiIHHHHHI I Vancouver, S'western ontario. A llllAU u■ iiii«i T rvuii I I CHARLESTON, CHICAGO, 9 AUG SSiir O 'SISiJiJ ARMnH/ui?' I I LONDON, THUNDER BAY, WINNIPEG, MUSCAT, BAHRAIN, ABU DHABI, I I REG IN A, SASKATOON,
      1,110 words
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      1666 39 sssstflf PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSSgf m m JBl PIL Building, 140 Cecil Street *0340, Singapore 0106. I JAKARTA I I BANSKOK I VESSEL VOY SIM JKT SIN VESSEL VOY SIN BKK SIN KOTA RIA OMB VS 5/1 PEGASUS PIONEER S2N 1/8 4/8 VS KOTA MCLATI 14SB VI 7/8
      1,666 words
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      Page 39 Advertisements Column 2
      1162 39 r BEN LINE CONTAINERS LTD > 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO IK/CONTINENT VESSEL |VQY SPORE PKLANG" SHAMPTON| HAMBURG BHAVEN ROAM LHAVRE Tokio Express' 94/589 1/8 Via AJa 18/8 21/8 22/8 Katsuragi 01/590 1/8 27/8 21/8 23/8 20/8
      1,162 words
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      Page 39 Advertisements Column 3
      321 39 M MYANMA mßm. FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) < Spore P.Kelang Pen MERGUI VIOOW IN PT PAGAN VIWW IN PT MYOMAYWA VI29W 3/U AUG HPA-AN VIS3W 10/14 AUG PATHEIN VIO4W 12/11 AUC THE BANK UHt (A **rvic« of Androw Weir Shipping) SEMI-CONTAINER SERVICE HEAVY LIFT
      321 words
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      735 42 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX BRV ROM ANT HBC RST W. ULBRICHT MO ll* W» W* W W PANAMA SEN WfOl 7/1 30# ill* H* 3/9 5/9 T WENOA <N 15/1 7/9 *f> W* AMERICAN SEN WTO34 21/1 13/9
      735 words
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      Page 42 Advertisements Column 2
      1492 42 CRYSTAL FREIGHT I PTC ITn LOADINC FOR LOADING FOR BUENOS A,RES < ?dtnvlUtd rlt LIU njjpngo «,«omm v TEL! *****80/*****22 V* wan an v* un» V«M) c ISABEL kit un» aiu wii wi wi nun pnimi MiiTMm SERVICE TOl 2 uvn umnimim MosmiN 1 u/11 mi w is/u u/u- *u
      1,492 words
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      Page 42 Advertisements Column 3
      1356 42 r to CHINA OCEAN SHIPPING COMPANY coscF 2, MISTRI ROAD, HMC BUILDING TEL: 2261*0 #I c 5 R*NO SI lmTSoww 7 FULL CONTAINER LINER SERVICE TELEX: RS SBOCOSHIP General Agents: COTTAR SHIPPING PTE LTD CABLE: COSTARL,ME WMtUWT m KIT Wl WT ma ywan/WH FIX »T HAW AWT DKK tCt 100
      1,356 words
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      824 43 NIHON-ASIA I CR **********0N TEL: *****22 FAX: *****86 I Competitive Rates!! ETA USA All IPI Destns 3/8, 10/8 I I EUROPE all Ports 4/8, 11/8 BANGKOK 2/8, 7/8 HONGKONG/CHINA 2/8, 5/8 SYD, MEL, ADEL, BRIS 2/8, 11/8 FREMANTLE 3/8, 12/8 MANILA 3/8, 10/8 PKLG/PENANG 5/8, 12/8 Port Kelang Branch Tel:
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      Page 43 Advertisements Column 2
      245 43 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Linos) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Linos) ETHIOPIAN SHIPPING LINES 4 (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA LOAOING FOR SPORE ABBAY WONZ 25W8 23/06 OARESSALAAM MOMBASA. DJIBOUTI ASSAB, MASSAWA. HOOEIOAM NET SANE T 20WB 2VOO
      245 words
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      Page 43 Advertisements Column 3
      730 43 MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDCR SERVICE TWICE-WEEKLY/WEEKLY FIXED— DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS, r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKTPAJSIN PUL BAHAGIA
      730 words
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      Page 43 Advertisements Column 4
      607 43 BANGKOK CEBU/MANILA 'vessel Ivor smwapow vrnmi lypsa [wy ypott era owiSTj MAHA BHUM# 20N Wad 1/0 Sat 4/0 SO ORIENT 31R 3/0 9* 11/1 MEKHANIK KURAKO 20N Thur 2/0 Sun 5/0 AKA BHUM 32S 10/0 lt/0 W» SIRI BHUM# 450N Sit 4/0 Tut 7/0 SO ORIENT 33* 17/0 23/0 25/0
      607 words
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      Page 43 Advertisements Column 5
      211 43 WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: c. verolme 253 h ETA 13/8/90 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 16 days to Sydney! FROM USA/CANADA/EUROPE/MEDITERRANEAN fvii Hta FU Ham Ant Fot/lfaf Liv S'p«rt C VEROLME 29/6 9/7 11/7 7/7 27/7 H/7
      211 words
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      1294 44 MAC-NELS SINGAPORE 1 »wit tel ?m«2 I "»n" TEL mimo* I PENANG TEL: *****6 KK I TEL: (008) *****0 TAWAU TEL: (089) *****9 p KELANG TEL: (03) *****77 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 lU\y \_2-JiJAKARTA
      1,294 words
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      Page 44 Advertisements Column 2
      516 44 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER. WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK LYT iAHSU RI 0578 10 Aug 21 Aug Via NPL MA*
      516 words
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      1135 44 /Sl® THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 J CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA I SINGAPORE TO SABAH VESSEL VOY [ETD |HT WttSL IWT I ETI IWT KIM SOON LI
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      13 46 National Day Supplement Free with your copy of Business Times on Aug 8
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      Page 46 Advertisements Column 2
      55 46 VESSEL NAME VOY ETA LL£ DESTINATION SEAMAR 16/90 2/1 YANGON (BURMA) TOMOH SATU 3/» 6/8 M YANGON BURMA) MAN HO 1 JflO 13,1 15/8 YANGON (BURMA) FOONG SUN SHIPPING A TRADING (PTE) LTD #25-09 A International Plaza 10 Anson Road Singapore 0207 Til: *****73, *****17 Fan: *****50 ToIok: RS *****
      55 words
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      Page 46 Advertisements Column 3
      75 46 REGULAR CONVENTIONAL SERVICE TO CHINA Veisel S port P. Coding p. Kelanf Loadtnf For DADE In Pt HUANGPU/XINGANG JIANCHANG 2/8 In Pt HUANGPU LISNUI 12/1 W HUANGPU/SHANGHAI GUANGSMUI 20/1 16/1 HUANGPU/XINGANG SCHINDON TRADE t FREIGHT SERVICES 47 BEACH RD, #05-06 KHENQ CHKJ BLOQ. TEL: *****74/*****03/*****17 FAX: 33M644 TLX: R8 380*3
      75 words
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      Page 46 Advertisements Column 4
      18 46 VSL ETA LOG FOR j INI 51/8 BANGKOK CICELIA 8-10/8 YANGON TEL: *****83 FAX: *****36 TLX: ***** JNMARI
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      437 47 TIDES AND WEATHER room Wg (height in metres) HOW 0000 01M 0200 0300 0400 0500 0600 0710 UN MOO **************************************** 2000 2100 2200 2300 09 11 1.3 15 1.7 1.7 1.7 1.6 1.4 17 1.2 LI 15 1.4 17 2.0 27 2.4 2.4 27 1.9 16 1.4 1.1 PP 09
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  • Page 48 Advertisements
    • Advertisement
      Page 48 Advertisements Column 1
      392 48 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL -|Wt SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG TBN 25/7/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 29/7 INDONESIA
      392 words
    • Advertisement
      Page 48 Advertisements Column 2
      668 48 HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI INNOVATOR 51" 21/07 02/04 WW 23/01 26/01 25/01 LALANDIA 32* 25/06 21/06 0107 1907 2607 HYUNDAI EXPLORER 33E 05/01 09/04 27/W
      668 words
    • Advertisement
      Page 48 Advertisements Column 3
      594 48 All SET waawig lASHiwa CONTAINER LASHING EQUIPMENT TEL: *****92 TLX: RS ***** ALLASH FAX: *****61 Faatfar hwm |V*r I PNCIPKL llMmt Vmml IVqr SIN I LAX OAK HOU o*l CHI/ NM Hi MTC Htiayia COl wjwca roiuwtwc —nn a TmufH ¥.***** 44 ajT gjT aji~ a* ajT ats m njT
      594 words