The Business Times, 9 August 1990

Microfilm: NL17094
Total Pages: 38
1 38 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Thursday August 9 1990 75*
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  • NEWS SUMMARY
    • Article
      17,000 Chinese officials punished for wrongdoing
      66 1 CHINA disciplined 17,000 government officials in the first half of this year for corruption and other illegal activities. One-third of the 23,645 cases of official wrongdoing filed from January to June involved bribery and embezzlement. Other cases involved "violation of economic policies," profiteering, abuse
      66 words
    • Article
      Bhutto to face judicial probe
      34 1 PAKISTAN'S new prime minister, Ghulam Mustafa Jatoi, accused Benazir Bhutto yesterday of presiding over the worst corruption in the nation's history and said she would face a judicial probe.
      34 words
    • Article
      Cautious on KL growth
      36 1 BANK BURUH has warned against being too optimistic of Malaysia's economic growth this year, pointing out major structural weaknesses such as a declining balance of payments and a weak ringgit Page 4
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    • Article
      M'sian exports up
      36 1 MALAYSIA'S exports reached average growths of 25pc in the past two-and-a-half years despite the major handicap of having one of the worst export instability indices in the world, Bank Negara said Page 4
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    • Article
      Opec's offer
      33 1 OPEC nations have acted to allay fears of a global oil shortage by offering to boost output to make up for supplies lost during the trade embargo against Iraq Page 5
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    • Article
      No deal for M-E banks
      43 1 A US Treasury attempt to clarify the effects of President George Bush's freeze of Kuwaiti assets on a group of Middle East banks has prompted many overseas banks to suspend business with them. Gulf bankers say Page 5
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    • Article
      Skinner's final work
      36 1 BF SKINNER, the psychologist who popularised behaviour modification, is facing his approaching death with no regrets. It is a fitting end to a life he claimed was governed by rational rules Page 9
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    • Article
      No insurance cover
      37 1 Insurance coverage will no longer be available for shipping goods into or out of Iraq or Kuwait, according to a bulletin to be published by the London insurance underwriting market Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow Jones higher
      33 1 US BLUE chip issues displayed modest strength yesterday. The Dow Jones average of 30 industrial stocks was up 13.12 to 2,723.76 at 1430 GMT, one hour after the market opened.
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    • Article
      Footsie lower
      34 1 SHARE prices on the London Stock Exchange were lower at midday yesterday. At about 12.15 pm (1115 GMT), the FT-SE 100-share index was down 8.6 points, or 0.4 per cent, at 2,227.2.
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    • Article
      A blow to markets
      32 1 IRAQ'S Saddam Hussein not only overran Kuwait but also clobbered the international stock and financial markets with his lightning invasion of his tiny but mega-rich neighbour Page 2
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    • Article
      Nomura launches fund
      27 1 NOMURA Securities yesterday displayed its confidence in Asean stock markets by launching a closed-end investment fund to invest in the region's stocks Page 2
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    • Article
      Most active counter
      38 1 SINGAPORE Aerospace Ltd, which made its debut yesterday, closed 14 cents higher than its offer price of 51.50 on a turnover of 30.87 million, making it the most active counter of the day Page 2
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Change BT-MGA 717.74 +5.98 Kuala Lumpur ....567.IS +0.76 Hongkong 3,145.57 +46.88 Tokyo 28,509.14 +856.07 Sydney 1,566.0 +17.2 Tuesday Change New York 2,710.64 -5.70 London 2,235.8 +15.6
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    • Article
      CURRENCIES
      19 1 Exchange rates USS SSI.8065 Yen SSI.2043 MS SS0.6686 Money market rates Overnight 1/2 -5 3-montn 6 6/8 -1/8
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    • Article
      COMMODITIES
      37 1 London Gold PM fix US$384.75 +USSI.50 Rubber S'porc Sep.... 155.50*/kg 1.00 Vi'sia Sep M233.50 '/kg +1.00 KL Tin Turnover SO tonnes -5 Spot M$l6.02/kg unch Crude palm oil Turnover 1,193 lots +200 Aug M$673 /tonne +8
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  • Article
    Growth slows to 6.8pc from first quarter's 10pc
    421 1  -  Second Quarter Economic Survey By Genevieve Cua IRAQ'S invasion of Kuwait has cast a pall over the Singapore economy, which may not come close to a growth rate of 8 per cent this year as the Ministry of Trade and Industry (MTI)
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  • Article
    Trade with Iraq and Kuwait to stop
    252 1 SINGAPORE will cease all trade with Iraq and Kuwait, in line with the decision of the United Nations Security Council early this week. Minister of State for Trade and Industry Mah Bow Tan said yesterday that the UN Security Council's resolution is binding
    252 words
  • Article
    Lock icon US forces sent to Saudi Arabia
    434 1 Bush statement on Gulf situation Agencies US PRESIDENT George Bush went on television yesterday to announce that he had sent combat forces to Saudi Arabia to try to prevent further Iraqi conquest in the Middle East. Soon after he spoke, Iraq announced that it
    Agencies  -  434 words
  • Article, Illustration
    Up: petrol product prices
    287 1  -  By Lilian Ang FOUR MORE oil companies have raised wholesale prices for petroleum products, while the Public Utilities Board said it would rescind an earlier decision to lower electricity and gas tariffs. Hot on the heels of Shell, the four companies Esso, Singapore Petroleum Company, Mobil
    287 words
  • Article
    European share prices fall further
    231 1 SHARE PRICES fell further on major European stock markets yesterday as rumours swirled about the actions being taken by the Iraqis and the US in the Gulf. This was despite some advances earlier in the Asia-Pa-cific region, where the Tokyo market climbed by 3.1 per
    231 words
  • Article, Illustration
    Continuity of quality leaders vital: PM
    529 1  -  By Kenneth James MR LEE Kuan Yew, in his last National Day message as Prime Minister, yesterday stressed the importance of continuity of quality leadership, saying that the final duty of his generation of leaders was to ensure that they had successors who could
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      177 1 mm Aircratt Schedule 19 SES 10. 11 inAr(K atonal Company new 3 Share lnfwmat.cn 12 Cryptic Crossword 19 Stmex 17 Editorial 6 Spore-M'sia Co News 2 Futures Options 17 Sports 7 jnjofjaj'on S«rvice on KiSf 11 Tut Radio 730-5155. Business Tmes adifcvL hte. 10 hL 1 i dress: Times House,
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      Page 1 Advertisements Column 2
      65 1 The state of the economy, Pg6 Opec ready to boost output, Pg 5 Troops sent to deter Iraqi attack, Pg 5 Shipping insurers slap coverage ban on Iraq Oil firms unlikely to redeploy fleets, Shipping Times, Pg 1 Bfi IH I j UUU I. 4 I rmTTTfll 1111 »i 1
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      Page 1 Advertisements Column 3
      17 1 BALLY Kk RUMA Suit Ayt'iir Bally Singapore Pie Ltd Editorial, Pg 6 National Day Awards, Back Page
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        DBS raises prime rate by half a point
        61 2 DBS BANK has become the third of the Big Four local banks to raise its prime lending rate by half a point to 7.5 per cent. The new rate takes effect from tomorrow. United Overseas Bank started the move to 7.5 per
        61 words
      • Article
        HL Industries to sell subsidiary
        150 2 HONG LEONG Industries Bhd is to sell the entire equity interest of its subsidiary, Pantai Megah Sdn Bhd, to Bedford Bhd instead of its freehold land in Port Dickson as originally planned. It was announced on July 4 that Bedford would acquire the land from
        150 words
      • Article
        Nod for Far East Asset purchase
        79 2 FAR EAST ASSET Bhd said the Foreign Investment Committee has approved its acquisition of 1.32 million shares in Hunza-Land Corp Sdn Bhd for M 57.28 million at M 55.50 a share. The approval is subject to the company increasing the bumiputra shareholding in its
        79 words
      • Article
        Mt Pleasure adopts new name
        96 2 ASIA PACIFIC Land Bhd is the new name for Mount Pleasure Holdings Bhd with effect from Aug I. The name change was taken to better reflect its long-term strategy of becoming a premier property group in Malaysia. Recent acquisitions of prime investment assets by the
        96 words
    • Article
      Planned public offers likely to see delay
      306 2  -  By Conrad Raj IRAQ's Saddam Hussein not only overran Kuwait but also clobbered the international stock and financial markets with his lightning invasion of his tiny but mega-rich neighbour. With the Singapore stock market shedding 12 per cent of its capitalisation or 200
      306 words
    • Article
      Singapore Aerospace rises 14 cents in an active debut
      281 2 SINGAPORE Aerospace Ltd, which made its debut yesterday, closed 14 cents higher than its offer price of 1.50 on a turnover of 30.87 million, making it the most active counter of the day. Brokers said the heavy turnover was due to
      281 words
    • Article
      Nomura launches 30b yen investment fund
      277 2  -  By Quak Hiang Whai WHILE the world's stock markets were taking a heavy beating in the last few days, Nomura Securities yesterday displayed its confidence in Asean stock markets by launching a closed-end investment fund to invest in the region's stocks. The yen-denominated fund,
      277 words
    • Article
      Lock icon Dunlop to be suspended if waiver appeal fails
      197 2 Bernama DUNLOP ESTATES Bhd, which is proposing to dispose its entire plantation and related assets, will have trading in its shares on the Kuala Lumpur Stock Exchange suspended with effect from Sept 3 if its appeal to the finance .minister for a
      Bernama  -  197 words
    • Article
      GSI declares maiden interim dividend of 5pc
      343 2  -  By Quak Hiang Whai GENERAL Securities Investments, which reported a 300 per cent rise in group aftertax profit to $1.9 million at half-time, has declared its maiden interim dividend of S per cent to be paid on Sep 17. Earnings per share for
      343 words
    • Article, Illustration
      GFW ties up with Hop Hing to gain foothold in Hongkong
      253 2  -  By Lee Han Shih NEW ZEALAND food giant Goodman Fielder Wattie (GFW), which tied up with Frascr Neave (F&N) in 1987 to penetrate the Singapore market, is using the same tactic to move into Hongkong. A statement by GFW
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      543 2 CHARTPOINT Every Saturday in Business Times GENERAL SECURITIES INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) The Board of Directors of General Securities Investments Limited wishes to make the following announcement: I UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1990 30.6.90 30.6.89 Or Company Group Company Group Company
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      Page 2 Advertisements Column 2
      10 2 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF BUSINESS TRENDS AUGUST 1990
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  • COMPANY NEWS
    • Article
      Lock icon Luxembourg and Belgian steel mills plan merger
      435 3 FT THE two major steelmakers of Belgium and Luxembourg, Cockerill Sambre and Arbed, are considering merging a large part of their steel-mak-ing businesses to ensure both operations a future in an increasingly competitive European steel market. Both companies have considerable national importance, with
      FT  -  435 words
    • Article
      Lock icon WPP net profit up 27pc
      278 3 AP WPP GROUP pic has reported a 27 per cent jump in net profit for the first six months of the year, boosted by strong contributions from its J Walter Thompson and Ogilvy and Mather Worldwide advertising agencies. WPP, the biggest advertising group in the
      AP  -  278 words
    • Article
      Lock icon Provisional OK for merger
      138 3 Reuter THE COMMERCE Commission said it has given conditional anti-trust clearance for a proposed merger of Carter Holt Harvey Ltd (CHH) and Elders Resources NZFP Ltd. It said approval was subject to substantial divestment undertakings by CHH. "The principal undertaking is for Carter Holt Harvey, if
      Reuter  -  138 words
    • Article
      Canadian oil stake to be sold
      159 3 DIVERSIFIED miner Pancontinental Mining Ltd is selling its Canadian oil interests, reduce debt and re-focus on its core Australian operations. Chairman and managing director Tony Grey said in Sydney yesterday that the sale of the company's 43 per cent stake in Pancontinental Oil Ltd
      159 words
    • Article, Illustration
      Lock icon Anglo American pumps US$198m into Mondi
      291 3 Reuter AFP JULIAN OGILVIE Thompson, chairman of the giant Anglo American Corporation (AAC) has announced a 514 million rand (US$l9B million) capital injection into the Mondi paper group. Speaking at the Mondi plant east of Johannesburg on Tuesday, Mr Ogilvie Thompson said the cash
      Reuter; AFP  -  291 words
    • Article
      Lock icon Investors await news of Philips restructuring
      550 3 Reuter LIGHT may soon emerge at the end of the tunnel for troubled consumer electronics group NV Philips Gloeilampenfabrieken, but for the moment investors are still in the dark about the group's restructuring plans. Philip's six-month results due for release on Thursday will include
      Reuter  -  550 words
    • Article
      Lock icon Kleinwort's profit could be hit by bad debts
      309 3 Reuter BRITISH merchant bank Kleinwort Benson Group pic's half year profits could suffer from rising bad debts which are having a serious impact on the banking industry in general, analysts said. Kleinwort reports its results for the half year to June 30
      Reuter  -  309 words
    • Article
      Lock icon Assets of top 10 Japanese firms up sharply
      245 3 AFP THE ASSETS of 10 of Japan's largest corporations increased sharply during the last fiscal year, according to a study released on Monday by the Japan Economic Journal. Total assets of the top 10 Japanese firms, excluding banks, brokerage houses and insurance
      AFP  -  245 words
    • COMPANY BRIEFS
      • Article
        Nippon Life takes 2pc stake in Dutch bank
        66 3 NIPPON LIFE Insurance Co, Japan's leading insurance firm; has taken a 2 per cent stake in the Dutch bank Algemene Bank Nederiand NV (ABN). The purchase of 2.4 milliofl ABN shares will be officially announced shortly. Nippon Life holds 2 per cent
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      • Article
        Semiconductor output to rise
        84 3 SONY Semiconductor Thailand Co Ltd will boost output of semiconductors to a total 10 million units a month by the end of this year from the current three million. The firm now makes three million linear integrated circuits (ICs) a month for use in radios, and
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      • Article
        Pickens calls for resignation
        96 3 INVESTOR T BOONE Pickens said he has called for the resignation of Takao Matsuura, the president of Koito Manufacturing. Mr Pickens said he has written a letter to Toyota Motor Corp's chairman, Elji Toyoda, urging Mr Matsuura's immediate dismissal bemuse of his actions at Koito's annual
        96 words
      • Article
        More Seoul firms going to SEA
        99 3 SOUTH KOREAN textile and garment firms are moving more production abroad, particularly to South-east Asia.* As of end-June 1990, the trade and industry ministry approved US$239 million of overseas investments in the textile and garment industry against US$77 million in the same period of
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      • Article
        AGF to take stake in Pechiney
        100 3 STATE-OWNED INSURER Assurances Generales de France, seeking to increase its equity, may take a 7 per cent stake in state-owned metals group Pechiney. Officials at the firms, which confirmed last month that they were in negotiations, could not be reached for comment. By transferring
        100 words
      • Article
        DeBartolo to extend agreement
        53 3 CAMPEAU CORP said the Edward J Deßartolo Corp will extend a previously signed agreement to Aug 15 that DeBartolo will give nine days notice before exercising remedies against certain collateral as a result of defaults arising under loan agreements with Campeau. The previously signed agreement expired
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      177 3 Since 1775 Model No. 8A3130T Legends have sought this watch. Napoleon. Wellington, too. And the crowned heads of England, France, Italy, Spain and Russia. Then, as today, those who shape destiny are quick to pursue that which seems most uncommon. That which cannot be hurried. Or imitated. Or easily obtained.
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  • THE REGION
    • NOTE BOOK
      • Article
        Call to lift restrictions on Asean vehicles
        114 4 MALAYSIA is proposing that Asean governments lift import restrictions on the number of makes and models of passenger and commercial vehicles from within Asean, the chairman of the Malaysian working group on trade, Mr Moehamad Izat, said in Brunei Darussalam earlier this week.
        114 words
      • Article
        Learn to export directly: expert
        96 4 WITH 30 per cent of Malaysia's external trade being handled through Singapore, Malaysian exporters have been urged to "learn how to export directly". Professor G Naidu of Universiti Malaya said that in exporting, Malaysian exporters should not be selling through third parties as it led
        96 words
      • Article
        Yeutter to meet Asian ministers
        42 4 US SECRETARY of Agriculture Clayton Yeutter will meet his counterparts in Thailand, Malaysia, Hongkong and Japan beginning next week to discuss the Uruguay Round trade talks and other farm issues, the Department of Agriculture said on Tuesday.
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      • Article
        Aussie minister in Bangladesh
        71 4 AUSTRALIAN Foreign Minister Gareth Evans began his Bangladesh visit on Tuesday, stating that great potential e*>6ted for future development of political and economic relations between Dhaka and Canberra. "We have deep links with Bangladesh and I believe the substantial ties will further expand as a result
        71 words
      • Article
        Asean's 23rd anniversary
        53 4 THE ASSOCIATION of South-east Asian Nations (Asean), comprising Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand, celebrated its 23rd anniversary yesterday. A simple, yet symbolic, flag-raising ceremony was held at the Asean Secretariat grounds in Jakarta yesterday morning. It was attended by the ambassadors and senior officials
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      • Article
        Reluctance to return
        63 4 ONLY A FEW former members of the Communist Party of Malaya (CPM) which signed a peace accord to lay down arms in December last year are keen to settle in Malaysia. Deputy Home Minister Datuk Megat Junid Megat Ayob said they were reluctant to return to Malaysia
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    • Article
      Lock icon Indonesian rattan producers hard hit by falling prices
      288 4 Jakarta Post AT LEAST 150 rattan processing plants operating in several provinces throughout Indonesia have stopped their operations because of marketing difficulties in the wake of the falling prices of rattan ware on international markets, according to a member of the House
      Jakarta Post  -  288 words
    • Article
      Lock icon Thailand and Iran to sign accord
      129 4 AFP THAILAND has agreed with Iran to set up a joint commission for economic and scientific cooperation. The Thai Foreign Ministry was given the go-ahead by the cabinet to draft a memorandum of understanding to be signed with Iran, a government statement said on
      AFP  -  129 words
    • Article
      Bank Buruh cautious on M'sian economic growth
      415 4 BANK BURUH has warned against being too optimistic of Malaysia's economic growth this year, pointing out that major structural weaknesses such as a declining balance of payments and a weak ringgit exist. In its August issue of Money Letter released this week, the
      415 words
    • Article
      Lock icon Exports grew at 25pc in past two-and-a-half years
      271 4 MBT MALAYSIA'S exports reached average growths of 25 per cent in the past two-and-a-half years despite the major handicap of having one of the worst export instability indices in the world, Bank Negara adviser Dr Jaafar Ahmad said. He attributed the success
      MBT  -  271 words
    • Article
      Lock icon Perks for small industries urged
      247 4 NST BANK NEGARA called yesterday for fresh policy incentives to develop an effective small and medium-scale industries network to provide economic linkages to the manufacturing industry and overcome structural rigidities in certain subsectors of the industry. Its adviser, Dr Jaafar Ahmad, told a national seminar
      NST  -  247 words
    • Article
      Lock icon Burmese forces fire on marchers
      145 4 Reuter BURMESE security forces opened fire on a peaceful march led by Buddhist monks in the central city of Mandalay on Wednesday, killing a number of monks, a Western diplomat in Rangoon said. The diplomat quoted two witnesses as saying 5,000 people took part in
      Reuter  -  145 words
    • Article
      HK firms under pressure to review operations
      347 4 MANY Hongkong companies and banks will be forced to review their local operations over the next three months or so, but they will mostly decide to remain in the territory, the South China Morning Post reports the Political and Economic Risk Consultancy as
      347 words
    • Article
      Proposed rules likely to upset lawyers
      180 4 SUGGESTED new rules drawn up last week by the Hongkong Law Society are likely to complicate moves by several large local firms which have employed foreign lawyers, the South China Morning Post reported. In a circular sent to the territory's lawyers, local firms were
      180 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      66 4 1005-1011 HAY STREET, I PERTH I 4 SEPARATE TITLES I OUTSTANDING OPPORTUNITY I Suitable for owner/occupier or investor I Land Area 818m 2 I Nett lettable area: 930.6m 2 I CURRENT INCOME $71,187 I POTENTIAL INCOME $114,554 I "Close to major new developments inducing QWI complex' 1 I ON SITE
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      Page 4 Advertisements Column 2
      153 4 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of such interest to our readers that they demand more space and more research than can be given in our daily reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap
      153 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Opec nations ready to boost oil output to relieve shortage
      565 5 Impact of Iraq's invasion of Kuwait Reuter OPEC nations have acted to allay fears of a global oil shortage by offering to boost output to make up for supplies lost during the trade embargo against Iraq. Iran's Oil Minister Gholamreza
      Reuter  -  565 words
    • Article
      Lock icon US troops move meant to deter Iraqi attack
      343 5 NYT THE US troops and planes being sent to Saudi Arabia on Tuesday night are intended to be part of a broad international force intended to deter an Iraqi attack on Saudi oilfields and to intimidate President Saddam Hussein of Iraq. The
      NYT  -  343 words
    • Article
      Lock icon UK examining KIO operations
      235 5 Reuter THE BANK of England is studying how the Kuwait Investment Office (KIO), which holds stakes in some of Britain's leading companies as well as many investments elsewhere, could operate within the limits of a freeze on Kuwaiti assets, senior Bank officials said on Tuesday. "The
      Reuter  -  235 words
    • Article
      Lock icon Soviets benefiting from Guff crisis, says expert
      313 5 AFP A LEADING US energy expert on Tuesday said Moscow was deriving substantial financial benefits from the Iraqi invasion of Kuwait and warned the West against helping the Soviet Union develop its energy resources to bring more oil to the world market. Roger
      AFP  -  313 words
    • Article
      Lock icon Move by Treasury halts business dealings of some Middle East banks
      365 5 Reuter A US Treasury attempt to clarify the effects of President George Bush's freeze of Kuwaiti assets on a group of Middle East banks has prompted many overseas banks to suspend business with them, Gulf bankers said on Tuesday.
      Reuter  -  365 words
    • WORLD WATCH
      • Article
        Record number of foreign firms for Shenzhen
        74 5 A RECORD NUMBER of 97 foreign firms set up shop last month in Shenzhen, China's largest special economic zone (SEZ) bordering Hongkong, a newspaper reported in the British colony yesterday. It was the largest monthly figure for foreign companies or joint ventures registering
        74 words
      • Article
        Campaign collapses
        59 5 THE CAMPAIGN by the conservative government leaders of Bonn and East Berlin to push forward the unification of Germany by seven weeks collapsed on Tuesday. The collapse resulted from an impasse between Bonn's governing coalition and the opposition over how and when to proceed to bring West and
        59 words
      • Article
        Bhutto can't leave country
        69 5 FORMER Pakistani prime minister Benazir Bhutto and her husband have been banned from leaving the country, the official Pakistan Times announced yesterday. Ms Bhutto and her husband, Asif Ali Zardari, were on a list of 32 politicians and businessmen the transitional government has given to immigration
        69 words
      • Article
        Foreign tie-ups not necessary
        110 5 INDIA'S government said on Tuesday it did not think it was necessary to have joint ventures with foreign firms to produce consumer goods, but said any proposals would be considered on merit. Industry Minister Ajit Singh told Parliament that financial or technical tie-ups with foreign companies
        110 words
      • Article
        State of emergency in Peru
        71 5 PERUVIAN President Alberto Fujimori declared a monthlong state of emergency in the capital and 10 provinces on Tuesday in the first major test of his government after police threatened to go on strike. Police threatened to strike after Mr Fujimori's dismissed some 200 officers and
        71 words
      • Article
        Transfer of Entel postponed
        34 5 THE SIGNING of contracts to transfer ownership of Argentina's Entel telephone company to Telefonica of Spain and US Bell Atlantic has been postponed until September 23, officials said on Tuesday.
        34 words
    • Article
      Lock icon Higher rates may dampen pick-up in US home sales
      317 5 AP IN AMERICA, sluggish home sales that had picked up lately as mortgage rates fell are under a new threat from rising interest rates resulting from the Iraqi invasion of Kuwait, analysts say. "The single factor that affects housing nationally is
      AP  -  317 words
    • Article
      Lock icon Kuwaiti banks seeking ways to continue operating abroad
      451 5 FT SINCE the Iraqi invasion last Thursday, Kuwait's financial system has been in a state of suspended animation. The Kuwaiti dinar is barely being traded amid total confusion about its value and status; Kuwaiti banks have their hands tied by an international
      FT  -  451 words
    • Article
      Lock icon Japanese financial markets are the weak link, say analysts
      652 5 NYT WHILE the powerful Japanese economy appears to be in a position to ride out the storm of higher oil prices and disrupted supplies relatively well, the country's weak link in an otherwise solid economic chain may be in the financial
      NYT  -  652 words
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  • Article
    Happy Birthday, Singapore
    477 6 EDITORIAL THERE are times in a country's life when a single event represents a rite of passage into a higher order of statehood. More than anything else, August 9th has come to represent a day of thanksgiving, when people pause to reflect on the peculiar, unique, and
    477 words
  • WHAT THE OTHERS SAY
    • Article
      Kuriles and realpolitik
      208 6 SOVIET-JAPANESE rapprochement is on course, with Soviet President Mikhail Gorbachev affirming his wish to go ahead with his historic visit to Japan early next year. Both countries clearly have good reasons to want to normalise ties. Mr Gorbachev needs all the investments and economic assistance he can
      208 words
    • Article
      What after Bhutto?
      167 6 THE dismissal of Benazir Bhutto and her government by President Ghulam Ishaq Khan did not surprise many people. From the very start, Ms Bhutto's government had lurched from one crisis to another. On becoming Prime Minister, she had promised to usher in an era of improved civil
      167 words
    • Article
      Oil crises not new
      120 6 AN ALL-OUT embargo will no doubt make Iraq go hungry. However, it should not drag the world economy down with it. After all, a reduction of four million barrels of oil a day is not easy to stomach. In the short run, a sudden cut in
      120 words
  • REGIONAL VIEWPOINTS
    • Article
      Reluctant role
      213 6 THE American evacuation of their nationals from the anarchy of Monrovia contained a message intended for a wider audience than the Liberian rebels and government forces currently fighting out a three-way civil war. The intervention of the US Marines was also a reminder to Iraq that the US
      213 words
    • Article
      What now democracy?
      163 6 PAKISTAN'S political, social and other ills demand a strong government to rein in the chaos and uncertainty. Its electorate should be made aware of the responsibility it has in ensuring that it gives a strong mandate to the victorious party. The people of Pakistan should not be
      163 words
    • Article
      Dimming society's mirror
      140 6 NATIONAL security guarantees that people can go about their daily, law-abiding lives without fear of being kidnapped by fanatics, intimidated by rebels or shelled by foreign artillery. Unfortunately this genuine priority for national security has often been sullied by dictatorial regimes of the whole political spectrum. National
      140 words
  • Article, Illustration
    Slower, but still steady growth
    883 6  -  THE STATE OF THE ECONOMY By Shoeb Kagda THE Singapore economy, though registering a less rapid pace of growth, remained firm in the second quarter of this year. Economic growth slowed down to 6.8 per cent as compared with the 10 per cent figure registered
    883 words
  • Article, Illustration
    No easy task estimating inflation
    322 6 WITH the price of oil shooting skywards like the black gold itself in oilfields, there is strong interest in how this will affect inflation and the cost of living. The answer from the Ministry of Trade and Industry there is no simple answer. Minister of
    322 words
  • Article
    Praiseworthy performance from chemicals sector
    481 6  -  By Genevieve Cua THE chemicals industry turned in a sterling performance in the first half of the year, compensating for the slower growth even decline evident in other industries in the manufacturing sector. Output of the chemical products sector (including paints and pharmaceuticals) shot up
    481 words
  • Page 6 Miscellaneous
    • Miscellaneous
      Page 6 Miscellaneous Column 1
      42 6 DOONESBURY BY GARRY TRUDEAU OKAY, THIS J LU9&CANTSONPARAPt' CONPOS, 0H,N0... DONTXXJSee* fSTHEN&J yUPON A SUPP&VMTHSHTTU'. CRANK- NO, NO,NO! WHAT* ttfC£HSORJN6 <*£MA CONCEPT FOR MTHTHe CAGES, CRACKEP, OOZJNG HOT, HJHAT AM bUhflrfS MfSUf' JUSTW ums VI3COUS JUICES 1 A TALLUJOMAN IPO/N6* 7Hsf*Oo- Tm6KANT!
      42 words
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  • SPORTS
    • Article, Illustration
      A heady Highland fling at St Andrews
      481 7  -  By Cassandra How FOR A MAN who plays golf, reads golf, thinks golf and lives golf, winning a trip to this year's British Open in Scotland is like making a golf pilgrimage. Michael Lim, the winner of Ballantine's Hole-in-one Tournament, which was held
      481 words
    • Article
      Lock icon Stewart hits out at 'too rough' course
      434 7 AP PAYNE STEWART may have started another controversy at the PGA Championship in Alabama on Tuesday. The defending champion took the PGA to task not over the racial controversy that has caused such a furor in the past month but over the deep,
      AP  -  434 words
    • SIDE LINES
      • Article
        Media get some blame for sports problems
        122 7 THE media received some of the blame on Tuesday for riots at European soccer games, drug use by Olympic athletes and other sports scandals. Sports reporters bear a responsibility for discussing the events that prompt such problems before they provoke crisis, speakers at
        122 words
      • Article
        Burrell beaten
        112 7 OLAPADE ADENIKEN of Nigeria snapped Leroy BurrelTs 12-race winning streak, nipping the world's top-ranked sprinter in the 100 metres at Tuesday's track and field meet in Malmo, Sweden. After bumping into each other three or fours times down the track, Adeniken fell over the finishing line to win
        112 words
      • Article
        Asian Games' flame kindled
        121 7 A YOUNG Tibetan dance student, using a concave mirror, has kindled the flame for this year's Beijing Asian Games at the foot of a Tibetan mountain. The New China News Agency said yesterday that the ceremony took place on Tuesday in the shadow of Mount Nyainqen
        121 words
      • Article
        Bolden retires
        74 7 CLEVELAND Browns offensive tackle Rickey Bolden said on Tuesday that he was retiring to become a minister. Bolden is the second offensive lineman to retire since training camp began on July 22. "I feel like a thousand pounds has been lifted off my shoulders," Bolden said. "Some of
        74 words
    • Article
      Bridge for logical thinking
      309 7  -  By Tan Boon Tiong THE 32nd Far East Bridge Championships opened at the Imperial Hotel on Aug 3. At the opening lunch, Denis Howard, president of the World Bridge Federation (WBF), announced that at the forthcoming World Bridge Championships, four more member nations will be admitted
      309 words
    • Article
      Lock icon Graf scores easy victory over Rehe
      298 7 AP STEFFI GRAF, whose chief rival, Martina Navratilova, dropped out earlier in the day, rolled to an easy 6-0, 6-3 victory over Stephanie Rehe on Tuesday in her first match at the U*****,000 Great American tournament in San Diego. Navratilova, the second seed, was
      AP  -  298 words
    • Article
      Lock icon Tomba's the quickest
      209 7 AP ALBERTO TOMBA of Italy was the fastest racer yesterday in the first of two slalom runs in the opening World Cup ski event of the 1990-91 season at Mount Hutt, New Zealand. Tomba clocked 51.59 seconds to head the qualifiers for the second run, scheduled later
      AP  -  209 words
    • Article, Illustration
      Lock icon Robson's optimistic
      221 7 AFP BRYAN ROBSON, the Manchester United skipper, expects to miss all of the pre-campaign build-up, but is still optimistic of facing Coventry City at Old Trafford in the English First Division opener on Aug 25. "I believe I can still be ready for the start of the season,"
      AFP  -  221 words
    • Article, Illustration
      Lock icon Wilander hopes to sparkle again
      416 7 AP MATS WILANDER says he's trying to rekindle the inner desire that helped him dominate past ATP championship tournaments. The Swede is also trying to return to form after his four-month layoff from tennis earlier this year. He showed some of his old spark on
      AP  -  416 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      285 8 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... CALIFORNIA DREAMING. West Coast Cuisine at The Palm Grill, August 6 18. Chef Lawrence Vito of The Stanford Court Hotel, San Francisco is a master of this refreshingly different style of cooking. Acclaimed for
      285 words
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      Page 8 Advertisements Column 2
      394 8 11 Happy 25th ALL OUTLETS Vanda Cocktail 9.50" PETE S PLACE 25th Anniversary Cake lkg $28.00*. I.skg $42.00' 25th Anniversary Pizza 25 Ingredients $13.90** PLUMS Singapore Dinner Buffet August Ist-12th only Adult $24.00** Child 16.00** Singaporean High Tea 2.30pm 5.30pm $14.50** •Plu« 4% govt tax ♦♦Plu» 10* service charge A
      394 words
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      Page 8 Advertisements Column 3
      234 8 We've spiced up Happy Hours. fyour evening with romance between for one by glass or free pint with every sWimwear fashion s<ai£f jMi Served nightly from 7.00pm f \sccj $15.00++ Adult n Child *o**** For n«erv.tk>n.. all *****28 Ext 8353/4 390 Victoria Street, Singapore (entrance via Arab Street) 25<f BEER
      234 words
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      Page 8 Advertisements Column 4
      176 8 Say cheese to— X SWISS I 4 The Swiss have such wonderful ways with cheese. Savour them and more at The Belvedere's Swiss Buffet this month. SWISS BUFFET LUNCH August 1 31, Noon 2.30 pm Adult: $36++, Child below 10: $18++ A k We serve the world to you at
      176 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      726 8 TELEVISION AND RADIO Mnnev rnntipv mnTiPV SBCI2 liPiSi^^B iVIUiIC) 5 111U11CJ 5 111U1IC) 7,00 M What awU Mm he wnh- 7&*VS££T' ■> Animals? Choice). 4JO BuUU. TIQom. 3.25 am: Financial Newt > 3 7.30 Lake. 12.00 AM cam. 5.30 AMnandtte cw»«whi. Jup Jg p| too Celekratlon Special The Sis T«oay
      726 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Skinner faces death with no regrets
      793 9  -  B F Skinner, dying of leukaemia, is spending his last months preparing what may be his final work, a defence of controversial research that explored the uses of positive and negative reinforcement to improve human behaviour. Tony Rogers reports. Tony Rogers AP BF SKINNER,
      AP  -  793 words
    • Article
      A lesson in the simple joys of life
      579 9  -  Claire Leow is impressed with two movies screened at the British Council's recent British Film Festival Claire Leow EVERY MORNING you make one old lady smile. So says the spirited voice of a frail hospital patient to her favourite radio journalist Alan
      579 words
    • Article
      An epic of ambitious proportions
      549 9 There is a voice of madness, and a voice of reason ...it is too terrifying for words. Zina Bronstein AND SO Ken McMullen's 1985 movie, Zina, of the tormented life of Trotsky's eldest daughter becomes an epic of human emotions simulated through the use of
      549 words
    • Article, Illustration
      Janet Jackson passed out after performance
      555 9 CHATTERBOX POP SINGER Janet Jackson fainted backstage after performing three songs at the St Louis Arena in Missouri, a spokeswoman says. Jackson, 24, was treated for exhaustion on Sunday at Barnes Hospital and was released, said a hospital administrator. "She opened with Control, Nasty
      555 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      189 9 AND ENTERTAIN Tempting Treasures From The Deep. TO HJ MJPM The tempting Fish and Oysters Promotion is on every night from August 7 to 25, at the Hubertus Grill. We guarantee you'll fall for it, hook, line and sinker! A® Century Park Sheraton Singapore 16 NASSIM HILL, SINGAPORE 1025 TEL:
      189 words
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      Page 9 Advertisements Column 2
      158 9 X Tw% JL Restaurant and 1 Kv/ll%rm Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE RUSSIAN STEAMBOAT (Fish Fillet, King Prawn, Pork, Cuttlefish, Green Vegetables, Beef) with CHICKEN FRAGRANT RICE serving Ala Carte as usual Restaurant Hours Lunch: Karaoke Hours Mondays to Saturdays Daily: 1130 am to 2.30pm 7.00pm to 2.00
      158 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Shares gain ground but caution still reigns
      4570 10  -  By Abdul Hadhi SHARE PRICES recovered slightly amid nervous trading on the Singapore stock market yesterday. Investors were wary of taking up large positions as uncertainty continued to prevail in the Middle East and the major overseas markets on the eve of Singapore's
      4,570 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4157 11 Main Board Keppel Corpn 695 +70 +11.2% FELS 50* 670 60 9.8% NOLPreflO" 595 +55 +10.2% K Kellas 25p 300 53 21.5% SIA Foreign 1590 40 2.6% DBS Foreign 1190 +40 +3.5% Keppel C Wrts 398 +38 +10.6% FELS Wt 316 +38 +13.7% DBS 1140
    4,157 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      172 12 C>«M«y Date Ymt Group N«t H«t earnings Gr»*» aim to pr*m/l«ts (L) pt than dividend (•000) (cMtt) HTPKdgs Aug 3 Mar 90 $2,334(12,7541) 2.6(-) JC-MPH Aug 3 Mar 90 JI5.408($12.840) 85(7.1) 10h(3) Murata Jul 27 Mar 90 18,3091(20,9250 94 2(107.2) 30(30.8) Bedford Jul 13 Dec 89 M$9,044L($10.042l) General
      172 words
    • Article
      PRELIMINARY RESULTS
      136 12 Company Date Year Group pretax Hot Minings Gross anil to profit/loss (L) per share dividend (000) (cents) I Cement Aug 7 Mar 90 $l,778($2,096l) 5.0(-) 2.5(0.5) Maiayawata Aug 7 Mar 90 M$31,218($8,880) 23.2(9.2) 2TE(-) AMOB Aug 3 Mar 90 M$40,577($17,139) 3.1(1.6) 2.5(2) Wharf HMgs Aug 1 Mar 90
      136 words
    • Article
      INTERIM RESULTS
      343 12 Company Date Half-year Group pro-tax Interim ann to profit/lew (L) dividend (*000) UMW Aug 7 Jun 90 M$104,732($34,132) 7.5(-) Keppel Corpn Aug 6 Jun 90 $107,188($65,794) MBf HWgs Aug 6 Jun 90 M$28,325 ($3,624) MSC Aug 6 Jun 90 M$230,219($210,826) 8TE(6TE) 0U Securities Aug 6 Jun 90 $1,648(12.316)
      343 words
    • Article
      CORPORATE DEVELOPMENTS
      542 12 Aug 7 Singapore Aerospace Ltd shares made their debut under the Industrial and Commercial section of the Stock Exchange of Singapore. Singapore ShjpbriMng I Engineering s share offer was 118 times oversubscribed Aug 5 QAF Ltd is investing MJl6m through its Malaysian subsidiary. Gardenia Bakeries (KL) Sdn Bhd,
      542 words
    • Article
      DIVIDENDS ANNOUNCED
      561 12 Current Ex Baafcs Data Tata! far Total far paymant data dosa payaMa tha yaar last yaar Mn HMgs 6* Aug 28 Sep 7 Sep 26 6* 6* AMD6 25% Sep 14 Sep 28 Oct 27 2 51 2% MMB 10% Sep 21 Oct 5 Nov 1 10% 7.5%(a)
      561 words
    • Article
      RESULTS DUE
      467 12 Singapore Stocks Last Full Year Company Penoc) Oat* Year Net EPS Gross Nat amuiced mdbx (cents) <•» pro* last year (TOO) leon( M Intenm Mar 30 Dec 89 5351(h) EMS Interim Apr 26 Jul 90 9 3(a) 2.3TE(a) 4.747 Tat Lee Prance Final kin 1 Dec 89 12.3
      467 words
    • Article
      APPROVED ISSUES
      281 12 Company Rights Issue KMa Krf» (KK) Otters tor sale by or on behaft of Utd Engineers (M) Bhd of 25 2m shares by way of a rights offer to entitled shareholders of KK on the basis of four torone M$1 25 each Ei-date Jul 20 Books dose: Aug
      281 words
    • Article
      PROPOSED ISSUES
      554 12 Company Rights lssu« Man One-tor tour MS2 00 per share CauMway kw Capital reduction scheme to reduce par value of shares from $100 to JO GO: Rights issue of 32 SO 60 per share CSM One-tor one fe M$4 00 per share Every tour nghts shares would be
      554 words
    • Article
      BONDS, LOANS & WARRANTS
      667 12 BONDS, LOANS WARRANTS C—pt Cwwnlw pirM Cwwriton tw tw wjny «hf* CK Nt Betore 26/4/S3 1 warrant plus $3.09 cash. Cauaaway Loan Cwmmm Nt 2/10/89 to 20/10/94 1 warrant ptus SI caati or 1 warrant plus SI nominal amount ot ban stock. Own K» IMn Qui Ifcp Nt March 87
      667 words
    • Article
      COMPANY MEETINGS
      286 12 Malayan CredK Limited; AGM at Mandarin Court C, 4th Floor, The Mandarin Singapore, 333 Orchard Road, Singapore 0923 on Friday, August 10, at 10am. Mufcta international Tradng Corpn Bhd: EGM at Bangunan Mulpha, 17 Jalan Semangat ***** Petaling Jaya, Selangor Darul Ehsan on Friday, August 10, at 10am.
      286 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      150 12 Executive Style STYLE The executives want it. It makes a statement. It sets them apart from the mainstream. It gives them that added edge in a world where impressions, like it or not, do last. t You, as the purveyors of style, should know what we mean and we invite
      150 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices close easier but off the day's lows
      3796 13 Bernama SHARE PRICES closed easier in Kuala Lumpur yesterday but managed to climb off the morning's lows on some afternoon bargain hunting after the market had been buffered all day by news and rumours about the Gulf crisis. The KLSE Composite Index
      Bernama  -  3,796 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      115 13 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS J Stories on labour and its relationship with 1 I I management, management concepts in practice, I profiles of leading managers in Singapore and j Y relevant book reviews. Z~\ ENTERPRISE MANAGEMENT, in Business yf f 1"1 CXCr Times every Monday, is must reading
      115 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei rebounds with eighth highest gain
      2255 14 Reuter TOKYO STOCKS rose strongly yesterday, with the Nikkei average posting its eighth largest gain in point terms. Investors bought resource related issues as a hedge against inflation that many brokers expect after the heightened tensions in the Middle East sent oil prices soaring,
      Reuter  -  2,255 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Speculative buying pushes index up 46.88 points
      2378 14 AFP SHARE PRICES on the local stock market rebounded on speculative buying with the Hang Seng Index gaining 46.88 points to close at 3,145.57 yesterday. Turnover however dropped to HKS2.9 billion, against Tuesday's HK$3.3 billion. The key market barometer opened firm, up 43.85
      AFP  -  2,378 words
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  • REGIONAL STOCK MARKETS
    • Australian prices close sharply higher
      • Article
        AUSTRALIA
        942 15 THE AUSTRALIAN share market finished sharply firmer yesterday with investors deciding that the likely impact of soaring oil prices would not be as dire as first believed. The local market was also aided by an 856.07 point recovery in the Nikkei index from its recent plunge, they said. One
        942 words
      • Article
        TAIPEI
        384 15 TAIWAN SHARE prices closed lower across the board yesterday as investors continued to worry about the situation in the Gulf. The weighted index lost 133.68 points, or 2.9 per cent, to finish at 4,534.56 compared with Tuesday's 4,668.24 close. Turnover was NT$39.B billion against NT$lB.l billion. Dealers said the
        384 words
      • Article
        MANILA
        444 15 MANILA SHARE prices closed mixed in active trade yesterday, rebounding from Tuesday's sharp drop, after Tokyo stocks posted gains. The Manila Stock Exchange composite index firmed slightly by 1.17 points to close at 870.61. Combined volume on the two bourses rose to 1.22 billion shares valued at 330 million
        444 words
      • Article
        NEW ZEALAND
        307 15 NEW ZEALAND shares ended higher yesterday despite uncertainty overseas. Brokers said local shares were recovering after being oversold on the Gulf crisis. "There was a certain amount of tentative buying and the buyers won in the end," Baden Carter Ord O'Connor Grieve said. Turnover was a relatively light
        307 words
      • Article
        BOMBAY
        130 15 BOMBAY SHARE prices fell broadly on Tuesday on fears that surging oil prices overseas would force up India's import bill and on political unease over the sacking of Pakistani Prime Minister Benazir Bhutto, brokers said. One broker said oil imports will cost roughly 17 billion rupees more this year
        130 words
      • Article
        SEOUL
        811 15 SEOUL STOCKS fell through the psy-chologically-crucial 650 level in moderate trading volume yesterday as heightened tension in the Gulf and soaring world oil prices were the only factors in an otherwise quiet market. The composite index closed at 646.03, down 9.85 points from the previous session. Turnover was 111.9
        811 words
      • Article
        JAKARTA
        580 15 TURNOVER ON the Jakarta stock exchange dropped to 1.89 million shares from Tuesday's 2.19 million and the composite index fell 7.19 points to 595.93. Trading in marine services company Rig Tenders and pulp producer Inti Indorayon dominated the regular market at 113,000 and 93,000 shares respectively. Shares in both
        580 words
      • Article
        BANGKOK
        697 15 BANGKOK STOCKS rebounded from two days of sharp falls but closed off highs yesterday on rumours Iraq had attacked Saudi Arabia and US aircraft bombed Baghdad. The composite SET Index closed 35.52 points higher at 957.87 after it rose more than 60 points at one stage. Bangkok Bank rose
        697 words
      • Article
        Untitled
        430 15 Close Previous August 8 SYDNEY All Ordinaries Index 1566.0 1548.8 +17.2 All Industrials Index 2363.4 2340.7 +22.7 v All Resources Index 948.6 936.1 +12.6 Turnover (million) 76.42 95.60 -19.18 BANGKOK SET Index 957.87 922.35 +35.52 Turnover (nearest '000) unav unav JAKARTA Composite Index 595.93 603.12 -7.19 Turnover (nearest 000) 1890
        430 words
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  • US stocks end choppy session mildly lower
    • Article, Illustration
      NEW YORK
      1111 16 A HEAVY STREAM of news from the bubbling Mid-east conflict kept trading in Wall Street stocks unsettled on Tuesday, but gains in defensive shares, including food and drug companies, saved the market from sharp losses. The Dow Jones industrial average ended down 5.70 points to 2710.64, after starting
      1,111 words
    • Article, Illustration
      LONDON
      853 16 SHARE PRICES finished higher on London's Stock Exchange on Tuesday, although off the day's best levels, for a partial rebound from sharp losses a day ago. In the first hour of trading, stocks raced higher on futures-led buying and optimism that Iraq was about to allow foreign nationals being
      853 words
    • Article
      AMSTERDAM
      225 16 DUTCH SHARE prices fell further in nervous midsession business yesterday ahead of more Gulf news. Heavy selling persisted and the CBS all-share trend index lost more than 2.5 per cent at 107.8 points at 1230 GMT, down from Tuesday's 110.7 point closing. "Although tension is mounting, there is no
      225 words
    • Article
      BRUSSELS
      128 16 BELGIAN SHARES opened slightly firmer in light trading yesterday, bucking a European trend on continuing interest in the steel sector, dealers said. The market showed early gains of around one per cent but signs of profit-taking were emerging after a 2.6 per cent overall rise on Tuesday. Brussels Aug
      128 words
    • Article
      FRANKFURT
      172 16 PRICES OF West German shares ended a nervy session of widespread ru-mour-dominated selling weaker yesterday, with the uncertainty by no means resolved ahead of news from the US and Iraq on the Gulf crisis due yesterday afternoon. The 30-share DAX index ended 46.67 points or 2.6 per cent lower
      172 words
    • Article
      JOHANNESBURG
      313 16 THE JOHANNESBURG stock market was drifting aimlessly in subdued trading at midday yesterday as wary investors kept their attention on events in the turbulent Gulf. Dealers said trading was slack, noting that a stronger financial rand. South Africa's restricted foreign investment currency, after Monday's talks between the government and
      313 words
    • Article
      MILAN
      152 16 ITALIAN SHARE prices opened mixed yesterday in line with the early trading in Frankfurt and London, with some shares showing gains from Tuesday's closing levels while others were weaker. "The technical reaction (to Monday's sharp falls) continues, but the market remains very fragile. Foreign investors are only interested in
      152 words
    • Article
      PARIS
      137 16 FRENCH SHARE prices dropped sharply yesterday on a cocktail of concerns generated by signs of increasing tension in the Middle East, including higher oil prices, the possibilities of inflation and recession. The CAC-40 opened lower and continued to decline, to stand at 1,745.52 at 1000 GMT, 3.66 per cent
      137 words
    • Article
      TORONTO
      320 16 TORONTO STOCKS continued to slide on Tuesday, dragged down by a fall in the New York exchange and fears of a worldwide recession. "These are causing a significant amount of uncertainty in the market," Ira Katzin, an analyst with Richardson Greenshields Canada Ltd said. "The overall trend is down,"
      320 words
    • Article
      ZURICH
      362 16 SWISS SHARES drifted lower yesterday on increased volume in nervous midsession trading with blue chips hardest hit. Losses however were confined to around 2 per cent to 3 per cent on average against up to 8 per cent at last Monday's sell-off. Dealers said the market remained overshadowed by
      362 words
    • Article
      Untitled
      134 16 Aug 7 Close Previous NEW YORK Dow Jones 2,710.64 2,716.34 -5.70 NYSE Financial 130.29 129.64 +0.65 SAP 500 334.83 334 43 0.40 Turnover (million) 231.58 240.40 -8.82 LONDON Financial Times 30 1,748.4 1,731.9 +16.5 FTSE 100 2,235.8 2,220.2 +15.6 Turnover (million) 497.5 591.3 -93.8 AMSTERDAM CBS General 191.7 188 4
      134 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar extends morning gains in quiet European session
      1236 17 FOREX MARKET REPORTS THE US dollar yesterday extended its gains during a quiet European morning session as the market awaited fresh developments from the Gulf. "The US dollar got a bit of strength from the news the US were sending troops
      1,236 words
    • Article
      INTERBANK FOREX RATES
      389 17 Crass rates Aug 8 USS S$ MS Dm Yen SFr AS NZS USS 1.8060 2.6990 1.5880 150.10 0.5336 1.3380 1.2626 1.6667 SS 0.5537 1.4945 0.8793 0.8311 0.2955 0.7409 0.6991 0.9228 MS 0.3705 66.91 0.5884 0.5561 0.1977 0.4957 0.4678 0.6175 Dm 0.6297 1.1373 1.6996 94.52 0.3360 0.8426 0.7951
      389 words
    • Article
      MONEY MARKET
      544 17 Interbank rates SS Bid Offer Overnight 1/2 1 1-month 6 5/8 6 3/4 2-month 6 11/16 6 13/16 3-month 6 3/4 6 7/8 mode: 5-1/2 USS 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 months 7
      544 words
    • Article
      FINANCIAL FUTURES
      1597 17 SjjjEX EUHOOOLLM Open High Low Sett Est Vol Op/lnt Vol Sep 90 92.13 92.19 92.13 92.17 4565 ***** 7696 Dec 90 92.19 92.25 92.18 92.22 ***** ***** ***** Mar 91 92.04 92.10 92.03 92.07 3518 6714 7086 Jun 91 91.77 91.82 91.74 91.97 500 975 1818 Sep 91
      1,597 words
  • Page 17 Advertisements
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  • COMMODITIES
    • Article
      Lock icon KLCE planning financial futures
      543 18 Reuter THE Kuala Lumpur Commodity Exchange plans to introduce new contracts including financial futures to turn it into a fully-fledged international exchange, chief executive Syed Abdul Jabbar Shahabudin said. "In order to grow and generate more revenue, we need to go into financial futures," he said.
      Reuter  -  543 words
    • Article
      Lock icon Beijing's Indon move could undermine KL rubber exports
      269 18 Reuter CHINA'S decision to restore diplomatic ties with Indonesia could undermine Malaysian rubber and palm oil exports to China, commodity analysts say. China imports most of its rubber and palm oil from Malaysia, but is expected to increase offtake from Indonesia, they
      Reuter  -  269 words
    • Article
      Tin closes unchanged on sellers' reserve
      826 18 REPORTS SELLERS' reserve, despite sharp losses on the London Metal Exchange last night, saw the price of tin closing unchanged at M 516.02 a kg on the Kuala Lumpur tin market yesterday. The sharply lower London close had no impact as most miners held
      826 words
  • Article
    PRICES
    1355 18 Rubber Aug 8 m In Mw) S cents/kg Noon Close Int 1 RSSPrompt I55.75/I56.75N 155.25/156.25N Int I RSS Sep 90 156.00/156.50 I55.50/I5600N Int I RSS Oct 157.00/157.50 156.50/157 00N Int 2 RSS OP 152.50/154 50N 152 00/I54.00N Int 3 RSS OP 148.00/150.00N 147.50/149 50N Int 4 RSS OP 144.00/146.00N
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      375 18 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Lim Siew Guat of Blk 730, Jurong West St. 72 #05-47, Singapore (2264), have applied for a Retail Beer Shop licence in respect of premises at M/s Xin Li Fa Mini Mart at Blk 746, Jurong West St. 73, #01-Kl, Singapore (2264),
      375 words
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      Page 18 Advertisements Column 2
      23 18 If you're planning for an exciting career move, The Straits Times APPOINTMENTS ie just the place to start looking for that perfect position.
      23 words
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      Page 18 Advertisements Column 3
      15 18 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1018 19 City FHM ETA FHW ETC MaMaM GA887 1225 KL840 2115 GA975 1300 GA894 2350 KL839 1415 AdataM* QF81 1950 QF82 2200 SQ228 2015 riMilli <iiii SQ23 0720 KL840 2115 QA975 1300 SQ24 2200 KL839 1415 GA894 2350 Atfcaas 0A472 0050 ftaifclMi BAH 1455 SQ325 2045 QF5
      1,018 words
    • Article, Illustration
      A wickedly seductive lady
      879 19  -  LETTER FROM VENICE By William Packer There are those for whom a civilised city can only mean fast and private travel, the best hotels and smartest restaurants, discreetly conspicuous pleasures. For them, civilised Venice must be the motorscafo across the lagoon from the airport, rooms at
      879 words
    • Article
      MONEY CHANGER RATES
      152 19 As at 3p« yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4240 1.4440 Canadian dollar 1.5540 1.5740 NZ dollar 1.0600 1.0800 Sterling pound 3.360 3.3900 US dollar 1.8010 1.8110 Local dollars to 100 units of foreign currency Austrian schilling 15.90 16.90
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      154 19 Duration Title Venue Organiser Te Duration Title Venue Organiser Td Sep 7-17 International Switzerland Schweizer Muster 61/686.20.20 Sep 25-29 International Austria Weiner Mesaen 222/*****4 Fair Mustermesse Trade Fair for Und Congress Sep 10-16 International Spain Foirc V423.3I.OI Production G.m.b.H TV, Sound and De Barcelona Finishing Electronics Techniques
      154 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      54 19 y a I hi- person* iur\ lui.ml.iv. m I I M M M I hurvlj*. S.ituril.n inilSunil.iv. Un h-ingi I I I f -w 1 W \irport it h"iir* .linl .irrmtis; it O M.irc M S Intern ith»n.il \irport the follow i\. (it) A 11ui \i 11 i»i I'm:>ii A
      54 words
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      Page 19 Advertisements Column 2
      107 19 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS 7 Stories on labour and its relationship with 1 f management, management concepts in practice, (J I Sj profiles of leading managers in Singapore and V relevant book reviews. ENTERPRISE MANAGEMENT, in Business n Times every Monday, is must reading for ——7 managers who
      107 words
  • Page 19 Miscellaneous
    • Miscellaneous
      Page 19 Miscellaneous Column 1
      154 19 (y)' ro^^'m enl^ 25 Albert was one in group 7'' s P' 03 3 and la,e YESTERDAY'S SOLUTION of musicians (7) V < 7 8 > 26 Ringing so' true? 8 Df lared dead after ease wll A l M i um f2 5 2 1 4) IeWcMAMeBoMAIBcWeI 13 Should
      154 words
    • Miscellaneous
      Page 19 Miscellaneous Column 2
      215 19 Singapore Outlook: Cloudy with showers over several areas in the late morning and early afternoon. Report Max temp. 30.3* C Assoc humidity 77% Min temp. 25.0 Assoc humidity 97% Hrs of sunshine 3.75 Rainfall in mm Trace Rainfall this mth 36.9 Rainy days this mth 3 World forecast Asia-Pacific Hi/Lo*
      215 words
    • Miscellaneous
      Page 19 Miscellaneous Column 3
      35 19 not so lomuv orJe. wb'V to Do Nou swcaß to you wefie KowmnGiNGX 1-nsj.uTwe TRUTH WtimSb) |fM VafiXa^Tßs aul HPBP |Cos^uV^.'y' irarßue., i tcTlW\ yrr-s -flgufc-J M IT'S C IVKXWO tTAWOAWO CO. LTD., IMHIW .in
      35 words
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  • Article, Illustration
    First generation ministers top honours roll
    443 20  -  National Day Awards By Schutz Lee SEVERAL of Singapore's first generation ministers and Members of Parliament will be given top honours in this year's National Day Awards. Topping the honours roll is former Cabinet Minister and Senior Minister (Prime Minister's Office), Mr S Rajaratnam,
    443 words
  • Article
    Lock icon M'sian exporters fear escalation of conflict
    337 20 Bernama MALAYSIAN exporters and trading firms, worried over the latest turn of events in the Middle East, feared that their trade could be affected if the Iraq-Kuwait conflict escalates. A senior official of the Trade and Industry Ministry said yesterday that he had been
    Bernama  -  337 words
  • Article
    Lock icon KL not against US deployment of troops
    170 20 Bernama MALAYSIA is not against the US deploying its troops and armaments in Saudi Arabia to defuse tension in the Gulf area, Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday. However, Malaysia preferred that action by any country be based on
    Bernama  -  170 words
  • Article
    Lock icon Failure to reach accord would be tragic: Yeutter
    364 20 Bernama US AGRICULTURE Secretary Clayton Yeutter says it will be tragic if an accord on trade in agricultural products is not reached before the end of the current Uruguay Round of multilateral trade negotiations as it will be a severe loss to
    Bernama  -  364 words
  • Article, Illustration
    Lock icon China, Indonesia resume diplomatic ties
    487 20 Agencies CHINA and Indonesia yesterday signed documents marking the formal resumption of diplomatic relations that had been suspended for 23 years. President Suharto and Chinese Prime Minister Li Peng witnessed the signing at the Merdeka Palace in Jakarta by Foreign Minister Ali Alatas and his
    Agencies  -  487 words
  • Article
    Lock icon Beijing against return to power of Khmer Rouge
    368 20 Reuter CHINESE Premier Li Peng said yesterday that Beijing did not want the Khmer Rouge to rule Cambodia again but would continue supplying it with weapons until other countries stopped interfering in the Cambodian war. "China will never support a Khmer Rouge
    Reuter  -  368 words
  • Article
    Lock icon New military group pledges loyalty to Aquino
    297 20 Reuter A CLANDESTINE group of soldiers said yesterday that it would fight graft and corruption in the Philippine military and pledged not to join any coup attempt against the government. Members of the Just and Objective Intent to Neutralise Unprofessional Service (JOIN US)
    Reuter  -  297 words
  • Article
    Lock icon Jakarta denies talk of trouble at eight banks
    230 20 AFP THE Indonesian government has denied rumours that eight private banks were having deep financial problems and appealed to depositors to remain calm, the official Antara news agency said in Jakarta yesterday. Antara quoted Financial Minister Johannes Sumarlin as saying that eight
    AFP  -  230 words
  • Page 20 Advertisements
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      5 20 Pi/vgeT /HILLIER EN HORLOGERIEIJFJIIISIB74 GENEVE
      5 words
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      Page 20 Advertisements Column 2
      395 20 PiageT /HILLIER EN HORUXjERIE DEPUISIB74 gen Eve A 4-DAY STIMULATING EXECUTIVE DEVELOPMENT PROGRAM CORPORATE PLANNING THE KEY TO GROWTH PROFITS Kuala Lumpur, Singapore, Mon-Thur 10-13 September, 1990 Mon-rnur 3 6 September, 1990 Venue: Equatorial Hotel Venue: Boulevard Hotel Strategic Management or Corporate Planning is about decision# which determine whether a
      395 words
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  • Shipping Times
    • Article, Illustration
      Lock icon Shipping insurers slap coverage ban on Iraq
      298 21 Impact of Iraq's invasion of Kuwait Reuter INSURANCE coverage will no longer be available for shipping goods into or out of Iraq or Kuwait, according to a bulletin published by the London insurance underwriting market, brokers say. The coverage ban is designed to
      Reuter  -  298 words
    • Article
      Lock icon US court orders firm to pay Filipino seamen US$32m
      372 21 AP A MARITIME shipping company has been ordered to pay US$32 million to 21 Filipino sailors it admitted underpaying on voyages to and from the United States. Delica Shipping Co's conduct toward the crew of the MV Pine Forest was "intentional,
      AP  -  372 words
    • Article
      Lock icon Gulf shippers may face big increase in insurance rates
      280 21 Reuter SHIPPERS operating in the Mideast Gulf may see cargo insurance rates rising 100 per cent to 400 per cent as a result of new guideline rates issued on Tuesday by the War Risk Rating Committee of the London underwriting market,
      Reuter  -  280 words
    • Article
      Lock icon Consortium halts plan to lease five Airbuses to Iraq
      230 21 Reuter AN international consortium of banks has called a halt to plans to buy five Airbus In-dustrie-made A3lO-300s to be leased to Iraqi Airways after economic sanctions were slapped on Baghdad, a spokesman for French bank Credit Agricole said. French banks
      Reuter  -  230 words
    • Article
      Oil firms here unlikely to redeploy fleets for supplies
      431 21  -  By Selva Kumar OIL COMPANIES in Singapore are not likely to reposition their tanker fleets to take oil from alternative suppliers as they source practically all their supplies from outside Iraq and Kuwait. A Shell spokesman said "they do not buy
      431 words
    • Article
      Lock icon TWA plans to add US$20 surcharge
      259 21 Reuter TRANS World Airlines Inc said it plans to add a US$2O surcharge for one-way transatlantic travel effective Aug 15 to defray higher fuel costs. "Due to a dramatic increase in fuel prices, Trans World Airlines Inc plans, subject to government approval, to implement
      Reuter  -  259 words
    • Article
      Lock icon NYK will complete schedules of ships with Hyundai
      183 21 Lloyd's List NIPPON Yusen Kaisha (NYK Line) will complete the schedules of its containerships under a joint operation agreement with Hyundai Merchant Marine, Korea's major shipping line, on its Pacific southwest and Far East Express (FEX) services to the US west coast
      Lloyd's List  -  183 words
    • NEWS SUMMARY
      • Article, Illustration
        Airlines strain under heavy fuel costs
        55 21 EVEN before the latest Middle East crisis, the airline industry was bracing itself for difficult times. But the prospects of higher fuel costs which account for about 12 per cent of total costs and fewer passengers are likely to put airline balance sheets under
        55 words
      • Article
        Ariana Airlines hopes to expand
        38 21 AFGHANISTAN Ariana Airlines has ambitious expansion plans based on hopes that the country's drawn out civil war and rebel attacks on its airport will end soon, Aviation Minster H Tarzi said. Back Page
        38 words
      • Article
        BA's net profit soars by 79pc
        39 21 BRITISH Airways pic said its first-quarter net profit spurted 79 per cent despite a much slower rise in sales and the adverse impact of a strong pound on its international earnings Back Page
        39 words
      • Article
        Hapag-Lloyd may not return to Chinese yard
        55 21 MAJOR German liner operator Hapag-Lloyd has said that it has no future plans to return to the Chinese shipyard of Hudong for newbuildings, following the late delivery of the 3,000 TEU Berlin Express which recently arrived in Hamburg on its delivery voyage, nearly
        55 words
      • Article
        Trent engines for first run
        52 21 THE Rolls-Royce Trent 600 series is scheduled for entry into service with Air Europe's new fleet of MEM Is in 1993. This will be followed by the Trent 700 series to power the A33o's of Cathay Pacific and TWA, due to enter service in 1995
        52 words
    • LOG BOOK
      • Article
        NOL has no indirect stake in Lorenzo
        85 22 SINGAPORE'S national carrier Neptune Orient Lines said, in a press statement, that it does not have either an indirect stake or any proxy holding shares in Lorenzo Shipping other than its direct stake of 40 per cent. The statement referred to a Shipping
        85 words
      • Article
        Ships collide in Gibraltar
        64 22 THE Cypriot vessel Sea Spirit was in collision with the Norwegian LPG tanker Hesperus in the Straits of Gibraltar, said Lloyds Shipping Intelligence Service. The 83,728 dwt bulker Sea Spirit and the 41,287 dwt Hesperus were both loaded. The location of the collision was given as
        64 words
      • Article
        Seized crude oil was for Fina
        83 22 THE 471,344 barrels of crude oil seized by US Customs service officials at Port Arthur was scheduled for delivery at American Petrofina Co (Fina), a company spokesman said. Rick Hagar said the company's refinery operations were not affected by the delay and officials from
        83 words
      • Article
        Firm seeks adjustment charge
        102 22 FROZEN Food Express Industries Inc said it has filed with the US Interstate Commerce Commission for temporary fuel adjustment charges and expects to add them to regular shipping rates by Aug 15. The company said it filed the request after its bulk fuel prices rose 15
        102 words
      • Article
        Peruvian workers call for strike
        93 22 PERUVIAN port workers have called for a one-day strike today to demand payment of a bonus promised them by former President Alan Garcia, spokesmen for the state ports company ENAPU said. Such a strike would affect 16 sea and river ports, including the nation's busiest
        93 words
      • Article
        UK telecom firm's profit up
        69 22 EXPECTATIONS of British Telecommunications pic's first quarter results, due today, centre on a pre-tax profit of £720 million a rise of about 13.5 per cent over the same 1989 period, analysts said. The figures this time, covering the three months to end-June are likely to
        69 words
    • Article, Illustration
      Lock icon Airlines strain under high fuel costs
      1072 22 A prolonged Gulf crisis will only add more problems for the airline industry, which is already facing greater competition from deregulation and liberalisation of the skies. FT EVEN before the latest Middle East crisis, the airline industry was bracing itself for difficult times. But
      FT  -  1,072 words
    • Article
      TRANSPORT DIARY
      1004 22 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 I reixht Forwarding 11, conducted by the Singapore Freight Forwarders Association. The Manager, SFFA, 7500 A Beach Road, #13-314 The Plaza,
      1,004 words
    • Article
      THE SHIPPING GUIDE
      12658 30 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
      12,658 words
    • Article
      SHIPPING AGENTS
      3384 35 /VbC Containeriine NV: Belsin Shpg Agencies Pte Ud (SyMarine Handling Sdn Bhd (PK/PN). Accord Shpg Accord Shpg Pte Ud (SyAccord Contr Une (M) Sdn Bhd SKyAccord Contr Line (PG) Sdn id (PN). Adkris Business Corporation Philippine: Calsource Shpg A Trdg Pte Ud (S) Ahreakiei Liner Service: Kim Shpg
      3,384 words
    • Article
      COURIER SERVICES
      226 35 Abacus Couriers Tel: 545-8011,448-6415. Air Express Service Td: 533-5771. Fax. *****44. Akborae Freight Corporation Tel: 542-8844. Fax: *****16, *****80. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. Chy-Uak International Td: 344-3377. Fax: *****50. Cluster Liak Supplies A Services Td: 296-5720. DHL lateraatioaal Td: 344-8911. Fax: *****61. DPC
      226 words
    • Article
      AIR FORWARDERS
      1483 35 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activak Siagapore Tel: 542-7822. Fax: *****20. AeroHak K G Freight lateraatioaal Td: 545-5992. Tdl°s42-59l I. Fax: *****18. Ak Cargo Novo Express Td: 542-5454. Fax: *****06. Ak Express lateraatioaal Tel: 542-7666. Fax: *****74, *****50. Ak Market
      1,483 words
    • Article
      PORT CONDITIONS
      2482 36 ARGENTINA San Lorenzo: Seven vessels operating of which 4 loading pelletized meal, 3 loading grain, pelletized meal, fuel oil; no vessels in roads. Rottrio: Three vessels in port of which I loading sugar, 1 loading vegetable oil, I loading grain; 3 vessels in roads of which 2 awaiting
      2,482 words
    • Article
      SHIP SALES & TANKER RATES
      541 36 SHIP SALES TANKER RATES VESSELS SOU) FOR FURTHER TRADING: JAPANESE interests bought one of the cheapest ships marketed for some time, the 1980-built Panamax sized vessel Brisas I of 61,981 dwt for about US$lO million. A unnamed 69,000 dwt Panamax bulker was reported sold to Taiwan buyers for about U5526.5
      541 words
    • Article
      AIR FREIGHT SCHEDULE
      511 36 ARRIVALS DEPARTURES OF Hight Type ETA Froai Of FUglrt Type ETD T» TODAY TODAY KAL KE697 B747F 0153 SEL KAL KE697 B747F 0440 BKK NCA KZ203 B747F 1935 NRT SIA SQ/BA822 B747F 0700 DXB/LHR FDX FM75 B747F 2130 JFK/IND/ANC/ NCA KZ204 B747F 2335 BKK/NRT NRT/TPE KAL KE685
      511 words
    • Article
      CRUISE & FERRY SCHEDULES
      364 36 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD 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-Fremantle-Jakarta-Kobe Cruise to nowhere Cruise to nowhere
      364 words
    • Article
      DAILY FREIGHTS
      1076 37 CHARTERING on the dry cargo freight market was routine, but rates are expected to firm due to the increased costs of bunker fuel prices, brokers said. Bunker oil prices have nearly doubled since Iraq invaded Kuwait last Thursday and now stand at around US$l3O a tonne in Rotterdam.
      1,076 words
    • Article
      AT CONVENTIONAL WHARVES
      527 37 Vessel toy* Barlh Mval Depart** Kepfd Wli anm Iran S4am babda 806 25/90 P48 P48 0908/2000 0908/2359 1208/2300 10.08/2300 Acntas jc in K29 alongside 08.08/1630 Kirsten Ras 4A P20 0908/2359 10.08/2300 Alvtna 04H K33 alongside 08.08/1600 Ma Trang 6 14 P4B 08.08/1200 0908/2300 Eastern G> 22E/90 K31
      527 words
    • Article
      CONTAINER SCHEDULE
      1226 37 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Record Boctt*/Babnc« fete SHp VoyNo Period From To Fran P of Ohcfcl Space Aka Bhum 32S 1 08/1500 08/1659 08/1900 3 09/0700 09/1159 09/1400 4 09/1200 09/1459 09/1700 Ai Mrqab 50A 1 08/1500 08/1659 08/1900 3 09/0700 09/1159 09/1400 4
      1,226 words
    • Article
      IN MALAYSIAN PORTS
      338 37 Pft Klaf South fort on Aug t: Primorie berth 1; Alam Aman berth 3; Sri Nam Hua 4 berth 7; Cheung Hing berth 7k, Hidayab berth J.BCT; Petro Muka berth J.Sheti. KCT: Un Moral berth 9; Ever Greet berth 10. North Part Fuji Reefer berth 11; KD:
      338 words
    • Article
      Afghanistan airline hopes to expand industry
      540 38 AFGHANISTAN Ariana Airlines has ambitious expansion plans based on hopes that the country's drawn out civil war and rebel attacks on its airport will end soon, Aviation Minster H Tarzi said. Ariana is seeking private foreign investment for the scheme, which includes buying at
      540 words
    • Article
      Lock icon BA's net profit soars by 79pc
      224 38 AP BRITISH Airways pic said its first-quarter net profit spurted 79 per cent despite a much slower rise in sales and the adverse impact of a strong pound on its international earnings. The results were boosted by interest income and asset disposals, the airline
      AP  -  224 words
    • Article
      Lock icon Hapag-Lloyd may not return to Chinese yard
      157 38 Fairplay MAJOR German liner operator Hapag-Lloyd has said that it has no future plans to return to the Chinese shipyard of Hudong for newbuildings, following the late delivery of the 3,000 TEU Berlin Express which recently arrived in Hamburg on its delivery voyage,
      Fairplay  -  157 words
    • Article, Illustration
      New Trent engines for first run
      137 38 THE Rolls-Royce Trent 600 series is scheduled for entry into service with Air Europe's new fleet of MEM Is in 1993. This will be followed by the Trent 700 series to power the A33o's of Cathay Pacific and TWA, due to enter service in
      137 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      28 21 ONE PEOPLE ONE NATION ONE SINGAPORE American President Lines Ltd Eagle Express Carriers American Consolidation Services Ltd CONGRATULATE the people of Singapore on their 25th Anniversary of Independence
      28 words
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      Page 21 Advertisements Column 2
      57 21 SSWEE HENG METAL CO PTE LTD No. 13, Tuas Avenue 14, S"PORE 2263 FAX: 861 -2946 TEL 861 -5866 (5 LUES) TLX: RS ***** SHMCPL Soto Agent CIFA > n f*" Contamer Schedule 17 My traghts 17 Index to Advertisers 3 Shppng Guide 10,11 Shps« Port 17 Smppore Tries 17
      57 words
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      1877 23 JAROINE SHIPPING AGENCIES IKM 200 Cantonment Road #1205 South point. Singapore 0208 \lllf/ TH *****11 TELEX NO RS ***** TERMINAUCFS Tel *****11 220 rl BOOKINGS Tel *****34 235 L KWW A «SAKA JARDINE SHIPPING AGENCIES MJ.BHO. H PORT KELANG TEL *****18 TELEX NO. MA*****/MAMNI PENANG TEL *****4 TELEX NO MA*****
      1,877 words
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      Page 23 Advertisements Column 2
      980 23 MDEX TOADVERIISERS I T «MISC 14 1-3 I M'sia Shpg Corp 9 1/2 ABC Containeiiine 13 5 Mendelssohn 5 1/2 Accord Shpg 8 1-3 «MOL 18 4/5 Albatros Sea-Air 14 S MOSK (Forest) S S APC Line 14 4 Mutiara Samudra 18 I APL 5 3-5 Myanma 9 5 Arrow
      980 words
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      Page 23 Advertisements Column 3
      2233 23 Vessel Voy ETA I ETD -Port 'Penang DESTINATIONS Singapore Kelang (hi Mtek Lout* M 9006 Closing Time Feeder by JRPj222jV^2|E|!3HQ£32^E3^E3ZC9EZ&2flfl^| CV 14/B 0400 MRS M Fsreo t CFS —1M 2350 MRS 111 Tauro OAK LOS HOU MEM ATL MIA CHS BAL PHL NYC MO* TOR LOUIS M 9006 14/8 IS®
      2,233 words
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  • Page 24 Advertisements
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      991 24 P ROTTERDAM/ I VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE Hamburg express 97/592 9/8 3/9 28/8 30/8 27/8 2/9 SENALDER 96/596 12/8 29/8 31/8 3/9 5/9 I<OWLOON BAY 96/595 16/8 10/9 4/9 6/9 3/9 9/9 TOKYO BAY 99/599 18/8 5/9 7/9 10/9 dSAKA BAY 96/598
      991 words
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      Page 24 Advertisements Column 2
      519 24 umii DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT I. FLOREANA 26/8 8/9 11/9 15/9 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA, PAGO PAGO, APIA NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP I. FLOREANA 26/8 29/9 30/9 3/10 Also accepting Cargo to Callao (Peru) via Val*a Agents: SINGAPORE: *****56
      519 words
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      Page 24 Advertisements Column 3
      1389 24 El wiflgia &Msm REGULAR mOEPENOENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LMA 21 A (VIA (VIA G) ROT) HAM) N-Al MANSOORAH 9023-3 11/08 01/09 031* 06/09 06/09 11/09 10/09 12/09 13/09 JAPAN SEA 024-W 17/08 07/09 09/09 12/09 14/09 17/09 16-09
      1,389 words
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  • Page 25 Advertisements
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      1824 25 SrgSteamers Maritime Holdings Ltd] p&O Containers M"*" 3 I F337nV3B7SV7T!TIVBn7rn!rPI'I>]JIMNI I Vay lb P Klinf S pin S'kM HW| ('haven *'4a«* Lafc ACCENTS DUE SAILS I HAMBURG EXPRESS »flB2 ♦TWW OM OM* M» am *m CARGO I KNALHR WW -ANSOfIOM li« 30« 01,« OMB STRAITS HOPE VOK KK, Skan, Taw
      1,824 words
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      Page 25 Advertisements Column 2
      1694 25 TO: EUROPE TO: FAR EAST SP U» ROM HAM B'HVN FIX SPORE HK MO KOi Ml CHOYANG SUCCESS 010* IM M W 1/1 10/1 11/» HANJIN HAMBURG 001E 1/0 12/t 13/1 1M I*/* HANJIN HAMBURG OOM M 12/1 13/1 14/1 lift 17/1 HANJIN ROTTERDAM MX 12/1 IS/I 10/0 11/1 22*
      1,694 words
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      Page 25 Advertisements Column 3
      385 25 W//M!rfu! l^nlrKtSmn7rßTWfii STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC ASIAN CHAMPION PIONEER STAR TRADER VOY. NO 7 114 U Spore 14/8 20/8 21/8 P. Kelang 16/8 22/8 24/8 Penang Hong Kong Yokohama 7/9 11/9 Nagoya 5/9 9/9 Osaka 7/9 Senboku 3/9 Kashima Hochiminh •For Discharging Only
      385 words
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      594 26 If A Joint Europe Service Of; K P.T, NMUim UBYB f.T. 6C3URI UOYB IT. BMNBCBB IHOMESM P.T. THIKQRA LLOYD CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE VSI/VOY S PORE R OAM, H'BURC BREMEN ANTWERP ADAH KMTAI/2SWS 17-20(8 20/9 26/9 29/9 1/10 ■ATARAM/27W8 22 26/9 22/10 26/10 2*lo 2/11 FAST TRANSIT TIME
      594 words
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      Page 26 Advertisements Column 2
      961 26 HANJIN SHIPPING wy FULL CONTAINER SERVICE CHOYANG SUCCESS 010W RTTI "vT "j/J* 1 "v?*" wT* jJJJJjJ" llj H SEOUL 10K 7/9 9/9 HANJIN HAMBURG 002W 25/8 12/9 lift 14/9 16/9 17/9 "J 2 SKLS ./S ,2? HANJIN ROTTERDAM 010W 1/9 19/9 20/9 21/9 23/9 24/9 CHOYANG CHANCE 048E 28/8 H.
      961 words
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      Page 26 Advertisements Column 3
      1269 26 k -J .T£Trr^q"T^k IPKL SCP HKC KSC IILC PUS MKT OSK SM2 TYO LAX CHS BAL NYC LHV AN« ROM FU HBC SCP 1 I CREET Rt 021 4/1 M 1M W UK m SH MH M !1H 7/1 11/1 24/1 21/1 im W W W W wl I GOLDEN
      1,269 words
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  • Page 27 Advertisements
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      1325 27 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 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33, P.Kelang-(03) *****87, Penang-(04) *****0, J.Bahru-(07)
      1,325 words
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      Page 27 Advertisements Column 2
      433 27 I ANTWERP 18/8 KAOHSIUNG 12/8 I COLOMBO 17/8 BREMEN 18/8 k cc,,,wr i v* BOMBAY 18/8 HAMBURG 18/8 KEELUNC, U/B KARACHI 18/8 LEHAVE/LONDON 18/8 HONG KONG 13/8 MADRAS 12/8 FELIXSTOWE 18/8 UAMIIA CHITTAGONG 17/8 GENOA 16/8 MANILA 12 8 CALCUTTA 17/8 MARSEILLES 20/8 BUSAN 12/8 ROTTERDAM 18/8 1:11 Ki I
      433 words
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      Page 27 Advertisements Column 3
      1173 27 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 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VESSELS VOT ACE |SPORE [MANILA HKONC~ VPtMt SPORE PKLANG HBURG OHAVEN TILBURY ROTT
      1,173 words
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      1648 28 —4* f W\ 4\> W IV" 4 AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) VU I B4 TEL: *****77 TELEX. KAWAKI R*****5 FAX. *****79 B J M MALAYSIA HARPER WIRA SON BHD TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. /Bxroa N.
      1,648 words
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      Page 28 Advertisements Column 2
      1097 28 PHILI-ORIENT LINES PTE LTD (The Complete NVOCC Package) r member ot SFFAd AUG MONTREAL, OnAWA, TORONTO, VANCOUVER, S-WESTERN ONTARIO. 10 AUG SUMS WINNIPEG, XK./ii BAHRAIN ABU DHABI REGINA, SASKATOON, bMAKJAH CALGARY, EDMONTON, KELOWNA, in KAMLOOPS, VERNON, PENTICTON 10 AUG COLOMBO, KARACHI, BOMBAY, AND ALL INLAND bESTINATIONS 10 AUG MADRAS, CHITTAGONG,
      1,097 words
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      1690 29 aaasPff pacific international lines (pte) ltd M mMI P'L Building, 140 Cecil Street #0300, Singapore 0106. VESSEL VOY SIM JKT s« VESSEL VOV SIN BKK SIN DELTA MAS 1878 12It 14/8 1M KOTA NAQA 14N 11 It 14/S tM EDEN 9023 14/8 1M 21/8 PEGASUS PROGRESS 429N 11/9 14/8 IS/S
      1,690 words
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      Page 29 Advertisements Column 2
      1396 29 M MYANMA M FIVE STAR LINE V (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kelang Pen MYOMA YWA VI29W in Pt HPA-AN VIS3W 13/15 AUG PATHEIN VIO4W 15/17 AUC PAGAN VIMW 21/23 AUC MERGUI VIOIW 21/30 AUC MYOMA YWA VI3OW 04/07 SEP THE BANK LINE (A Mrvlce of Andrew
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      Page 32 Advertisements Column 1
      619 32 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE FROM FAR EAST TO NORTH CONTINENT (KIT BOUND SIN FLX BRV ROM ANT HBC RST T WCNOA CD 15/1 7/9 1/9 l#fl 12/9 AMERICAN SEN WFB34 21/1 13/9 14/9 15/9 17/9 11/9 0. GROTEWOMI 1/90 29/122/9 23/925/921/9 EUROPEAN UN WFB37 1/9 2t/9 21/9
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      Page 32 Advertisements Column 2
      1309 32 CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 m comauMTmi wiwct it FAR EAST PORT KELANG 17/8 24/8 MANILA 11/8 18/8 PENANG 17/8 24/8 BUSAN 12/8 19/8 BANGKOK 14/8 19/8 TOKYO 16/8 23/8 HONG KONG 11/8 15/8 YOKOHAMA 16/8 23/8 KAOHSIUNG 12/8 19/8 KOBE 16/8 23/8 KEELUNG 12/8 19/8 JAKARTA 12/8
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      Page 32 Advertisements Column 3
      268 32 LOADING FOR LOADING FOR BUENOS AIRES VISSfI SPOiC CSO DSN BAIKES HVIOfO *10 ITS VIT PAGUA MOSTVUN I 1M 22/12/1— 1» lIH W VHMI2 m SABANA 27M 2/9 13/9 27|» 1/M 4/M 11/ M V.MMU C ISA SCI 1,10 12/ M 23/ M VII l/U M/U VMH42 MOSTHCEN I mi
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      Page 32 Advertisements Column 4
      1349 32 te t m. CHINA OCEAN SHIPPING COMPANY coscF 2, MISTRI ROAD, HMC BUILDING TEL: *****00 #15-00. SINGAPORE 0207 FULL CONTAINER LINER SERVICE telex rs aco coship CR NO: 117&7MOOOOM FAX' 7»im General Agents: OOSTAR WIWWB FIB LID CABU: TO BUHOra FROM fUHOPi VESSEL,VOY FLX HOT HAM AWT WW VESSEL/VOY FIX
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      1083 33 ST RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL: *****33 (12 Llnoa) m FAX: *****15/*****03 fTfj TELEX: RS ***** RISHIP (3 Llnoa) '\JP\ ETHIOPIAN SHIPPING LINES f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA ILOACHNG FOR SPORE ABBAY WONZ ?SWB 22/06 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA
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      Page 33 Advertisements Column 2
      815 33 te-P.T. MASKAPAI PELAYARAN PapULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA. MALAYSIA 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 JKT PAJ SIN
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      Page 33 Advertisements Column 3
      618 33 BANGKOK CEBU/MANILA w mmtm umax |wa wr rpow caw i—i MAMA BHUM 21N Thuc In Pt Sun 120 AKA BHUM PS In Pt Hi I*o MEKHANIK KURAKO fl> Tlw InPI to 120 SO ORIENT 330 170 230 280 SIRI BHUM# 4SW Sun 12/1 Wtd 150 AM BHUM 34S I 240
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      Page 33 Advertisements Column 4
      333 33 TO AUSTRALIA/NEW ZEALAND (up J fva |t«p»n|Ff Unctl— IOWMWi c. vcrouk s» h* m Hi 55 v* u A»mm>i2S4 nji w w u« i» tut antes san oii vu wm 5/5 t MUMC S7 11/W IVW 2VW WW H/W Atoo accepting cargo to:- A;-.-. AUSTRALIA Adclai*. Brisbane r- NEW ZEALAND
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      Page 34 Advertisements Column 1
      1163 34 MAC-NELS SINGAPORE I bwt wl tnwal I ifMT til aim* PENANG TEL: (04) *****6 KK (068) *****0 TAWAU TEL: (089) *****9 P. KELANG TEL: (03) *****77 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 -l\=/\" J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 *—> '!JAKARTA
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      Page 34 Advertisements Column 2
      547 34 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 HA HSU Ft I 0571 11 Auf 21 Aug Vu
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      Page 34 Advertisements Column 3
      1151 34 /SEI THONG SOON LINES PTE. LTD. I 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH una Iwr leti \wai rasa m I eti libt KIM SOON LI 31/90E
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      Page 36 Advertisements Column 1
      5 36 M f ill EXECUTIVE Ljogij
      5 words
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      113 36 COMPIHPMTIAI !r donttell itto others. UUNrlUult II ML WE PROVIDE ITTO ONLY YOU U (FIXED DATE TRANSIT/WEEKLY SERVICE) y CFS Vessel/Voy# SIN cut-off LAX CHI NYC T CY Success/IIE 20-Aug 18-Aug 9-Sep 15-Sep 16-Sep A HJ Hamburg/03E 27-Aug 25-Aug 16-Sep 22-Sep 23-Sep HJ Rotterdam/IIE 3-Sep 1-Sep 23-Sep 29-Sep 30-Sep W
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      Page 36 Advertisements Column 3
      89 36 REGULAR CONVENTIONAL SERVICE TO CHINA V«mc« S pore P Gudani P M** loading For PUJIANG 100 12jB HUAMGPU HUAXIA 15/1 170 HUANGWXINGANC/QINGDAO LISHUI 150 V HUANGPU QUANCSHUI 11/> 200 17/1 MUANGPUfXIAMENfSHANGHAI rune 220 HUANGPU \jMOiUtr, HUANGKJn(INCAMCyQ<NCDAO OA DANG HAI 150 HAIMOWUANGW SCHINDON TRADE t FREIGHT SERVICES 47 BEACH RD, #05-*
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      Page 36 Advertisements Column 4
      51 36 VESSEL NAME AT? ETA ETD DESTINATION TOMOH SATU 3/90 110 130 YANGON (BURMA) MAN HO 1 JW 200 24/1 YANGON (BURMA) SEAMAR 171» 2W 2M YANGON (BURMA) FOONG SUN SHIPPING A TRADING (PTE) LTD #2S-09A International Ptaza 10 Anson Road Singapore 0007 Tal: *****73, *****17 FM: *****50 TMlmk: RS MMt
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  • Page 37 Miscellaneous
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      Page 37 Miscellaneous Column 1
      421 37 TIDES AND WEATHER rr TODAY'S TIDES (haght in metres) Hol> 0000 0100 0200 0300 0400 0500 0(00 0700 0100 MOO **********M*****400 ISM ICMI7MIMOI9M 2QM 21M 22M 2300 JR 3.2 3.2 2.8 2.3 1.6 0.9 0.5 0.3 0.3 05 10 18 2.3 2.5 2.5 2.3 1.8 1.2 08 0.6 0.7 1.0
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      Page 38 Advertisements Column 1
      435 38 CHARTPOINT Every Saturday in Business Times yW PAKISTAN NATIONAL SHIPPING CORP., KARACHI, f* INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. JSessel kuantan pt. klang penang 25/8/90 INDONESIA MALAYSIA EAST ASIA -SERVICE FOR HK TON S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI m 15/8 INDONESIA
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      Page 38 Advertisements Column 2
      687 38 /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 HKC SIN HYUNDAI COMMANDER 19E 11*1 IMB 04/09 07/09 09/09 0109 HYUNDAI CHALLENGER 34W 02/07 OWJ7 o*o7 26*7 04« HYUNDAI PIONEER 34E 11/01 OK»
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      Page 38 Advertisements Column 3
      603 38 ALL SET MARINE LA3HINS CONTAINER LASHING EQUIPMENT TEL: *****92 TLX: RS ***** ALLASH FAX: *****61 |Fm*v Iraa Mtt MoOmt Vmml V* S»W LA* IOAK ImOU DAL CMIi WO# MM WYC KJH6A KEMUwiwT ¥V» ~DT AUWATOII FOtTUWt VJPU "0* 1/1 Iff «f»~ "vT "iff" >1 W W OUR USA •UWCA KEHUWIWC
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