The Business Times, 15 August 1990

Total Pages: 48
1 48 The Business Times
  • 10 1 Business Times MCI (P) 170/12/89 Wednesday August 15 1990 75*
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  • NEWS SUMMARY
    • 53 1 HONGKONG-LISTED Hutchison Whampoa Ltd is to go ahead with a pan-Asian satellite television venture to be 51 per cent owned by the company and 49 per cent owned by Hutchison Whampoa chairman Li Ka-shing and his family, Hutchison said in an open
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    • 32 1 US RETAIL sales rose a fractional 0.1 per cent in July, the Commerce Department said yesterday, as consumer spending power waned even before a coming oil-price shock.
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    • 28 1 MULTINATIONAL advertising agency Leo Burnett yesterday added $5 million to its billings when it clinched the McDonald's account also Singapore's largest advertising account Page 2
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    • 20 1 THE normalisation of diplomatic ties between China and Indonesia is expected to favour Jakarta's economic growth Page 7
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    • 27 1 THE Philippines' commercial creditors have extended a US$3 billion trade facility, while other institutions pledged to back debt relief and earthquake rehabilitation. Page 7
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    • 31 1 PRESIDENT Ramaswamy Venkataraman of India yesterday said that India risked being left behind by dramatic changes in the world economy unless it became more efficient Page 8
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    • 33 1 IRAQ has transferred between US$3 billion and US$4 billion in gold bullion, foreign currencies, and goods seized from Kuwaiti financial and commercial institutions to Baghdad, Arab bankers say Page 10
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    • 40 1 THE Malaysian Postal Services Department plans to link up its courier services division with its Singapore counterpart in an effort to provide a better service to its overseas clients, now spread over 24 countries. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 31 1 US BLUE chips inched lower early yesterday, still buffeted by tensions in the Middle East. The Dow average fell 4.70 to 2740, with gainers edging out decliners slightly.
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    • 40 1 AFP AT NOON yesterday the Footsie 100-share index stood ahead 16.2 points on Monday's close at 2,235.7, but trading volume was subdued by the Gulf crisis and apprehension ahead of the publication of key British economic indicators. AFP
      AFP  -  40 words
    • 55 1 DIVERSIFIED industrial gas manufacturer Causeway Investment Ltd (CIL) has aborted a proposed deal to acquire a ship supply company costing $6.55 million following the rejection by the Stock Exchange of Singapore of its proposed three-for-two rights issue first announced in April this year along with a proposed
      55 words
    • 40 1 SI ME DARBY Bhd has received approval from the Malaysian authorities to proceed with its sale of a 30 per cent stake in Sime Packaging Sdn Bhd to Japanese corrugated products manufacturer Rengo Co Ltd Page 3
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    • Article, Illustration
      29 1 Tuesday Change BT-MGA 681.40 +5.78 Kuala Lumpur ....553.76 +5.03 Hongkong 3,067.53 27.25 Tokyo 26.672.53 +496.10 Sydney 1,565.0 +11.0 Monday Change New York 2,746.78 +30.20 London 2,219.50 -14.30
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    • 23 1 Exchange rates US$ S$ 1.8005 Yen S$ 1.2027 MS SS0.6676 Money market rates Overnight 7 1/2 +1 1/2 3-month 6 5/8 -1/8
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    • 36 1 London Gold PM fix US$411.50 US$7.20 Rubber S'porc Sep 157.25*/kg +0.50 M'sia Sep M235.00 Vkg 0.05 KL Tin Turnover 47 tonnes -22 Spot M$15.99/kg 0.05 Crude palm 1 Turnover 972 lots +62 Aug M$67l/tonne -9
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  • 431 1  -  By Lee Han Shih THE BIGGEST sale of government land in recent years has been launched by the Singapore Tourist Promotion Board (STPB). STPB is offering two adjacent plots of reclaimed state land with a total area of 126 hectares (1.26
    431 words
  • 369 1 Impact of Iraq's invasion of Kuwait Agencies SHIPS in the Gulf were warned to watch for mines yesterday as Iraq threatened to strike against a BritishAmerican blockade aimed at cutting its trade lines. The alert, covering a 10 sq mile
    Agencies  -  369 words
  • 293 1  -  By Lilian Ang EXCEPT for Singapore Petroleum Company (SPC), all the other oil companies have now raised their pump prices by an average of 11 cents a litre. Following Shell and Caltex's lead, three more companies British Petroleum (BP), Esso, and Mobil yesterday announced virtually
    Graphics: Jenifer Chua  -  293 words
  • 225 1 JAPAN'S four biggest securities firms have submitted a request to the Tokyo Stock Exchange outlining various proposals to cushion the impact of falling stock prices sparked off by events in the Gulf. An official said that the measures focused on arbitrage trading between stocks and
    225 words
  • 512 1  -  By David Chew TWO OF Malaysia's leading palm oil refineries, Nalin Industries Co Ltd and PanCentury Edible Oils Ltd, have launched ambitious expansion plans totalling MslBs million in Pasir Gudang, Johor. The two separate packages were in response to recent calls by the
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  • 125 1 Reuter INFLATION is rising in two out of every three countries surveyed by the International Labour Organisation (ILO) in spite of a decade of efforts to control it. The ILO said yesterday that those countries with steadily rising inflation in the first few months of 1990 included
    Reuter  -  125 words
  • Page 1 Advertisements
    • 258 1 The best just keep getting better... and better...' [disFi pc MAGAZINE 1 L brother B6M Mmw Systems 743-aooo A NATION BOUND AND SHACKLED 12 EUPHORIA THAT'S TURNING SOUR 13 Aircraft Schedule 29 Money Changer Rates 29 World News 8. 10 Commodities 28 Money Market 27 World Stock Markets 26 Cryptic
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    • 3 1 leader. Page 12
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    • 83 1 OF LONDON V. I hl\li illlK I ,-hi«.n I'.Kkrt I U'lltClN I \C kIIf I V V 'If! Sit-. Hma /an fur t i Ir, i njtiiJimut today. Anton Tan Agencies Pte Ltd Tel 272-1143 Iraq transfers Kuwaiti assets to Baghdad, Pg 10 Don't criticise Saudis' action: Mahathir, Pg 10
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  • HOME NEWS
    • NEWS ROUNDUP
      • 111 2 PEOPLE their quality and skills, their unity and spirit is what makes a country exceptional and not necesarily military hardware, wealth or size, said Trade and Industry Minister Brigadier-General Lee Hsien Loong yesterday at the Sheares Hall National Day formal dinner. "This is why we have
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      • 83 2 LOCAL COMPANY Sound Technic has invested more than $7 million to venture into the production of 3.5 inch micro floppy diskettes. The company said yesterday that it is the first local company to venture into such a full-scale operation with a monthly capacity of 1.8 million pieces
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      • 88 2 THE FIFTH Singapore Conference on International Business Law will be opened by Supreme Court Judge Mr Justice Lai Kew Chai next Wednesday at the Westin Plaza. The biennial four-day conference, organised by the Law Faculty of the National University of Singapore, will have a panel of
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    • 235 2 SIX locally-based companies have initiated an inter-com-pany productivity exchange programme to learn from each other's experience in specific productivity schemes. Organised on an informal basis, the programme allows the companies to tap each other's expertise in quality systems, plant layout, quality control circles (QCC)
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    • 335 2  -  By Sangeata Mulchand MULTINATIONAL advertising agency Leo Burnett yesterday added $S million to its billings when it clinched the McDonald's account also Singapore's largest advertising account. This is the agency's second prestigious win in a matter of days the other being the coveted National
      335 words
    • 327 2  -  By Anne Lee WINNING a prestigious Japanese quality-mark has helped a firm here to boost its sales to the Japanese market. This is especially important for Mitsuboshi Belting Singapore since its sales to the US, one of its major markets, have suffered. The company, which makes
      327 words
    • 257 2 SINGAPOREANS cannot take the country's progress towards developed nationhood for granted and must instead work hard to maintain stability and competitiveness, as well as to achieve higher productivity. This was pointed out by three ministers at separate National Day 1990 observance ceremonies yesterday. Speaking
      257 words
    • 277 2 BUSINESSMEN who have dealings with Arab countries should not be unduly worried about shipments and payments being adversely affected by the Gulf crisis, said the managing director of the Arab Business Centre yesterday. The centre, part of the Singapore Manufacturers' Association, was
      277 words
  • Page 2 Advertisements
    • 36 2 JB §g|H M^.. :i JB H Our determination to excel. Our commitment to be the best. Our pride in being Korean soars High on National Day. I KSRE4NAIR The Spirit of Korea is in the Air.
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 419 3  -  New proposal for three-for-four rights issue By Quak Hiang Whai DIVERSIFIED industrial gas manufacturer Causeway Investment Ltd (CIL) has aborted a proposed deal to acquire a ship supply company costing $6.55 million following the rejection by the Stock Exchange of Singapore of
      419 words
    • 357 3  -  Joint-venture pacts for both sides of Causeway By William Chia SIME DARBY Bhd has received approval from the Malaysian authorities to proceed with its sale of a 30 per cent stake in Sime Packaging Sdn Bhd to Japanese corrugated products manufacturer Rengo Co Ltd.
      357 words
    • 360 3 Bernama GOLDEN PLUS Holdings Bhd has said that its proposed acquisition of 28 shop/office units in Fu Lu Shou Complex in Rochor Road, Singapore, is expected to be completed by December this year. The acquisition would contribute materially to the group's earnings
      Bernama  -  360 words
    • COMPANY BRIEFS
      • 68 3 SIX FINANCIAL INSTITUTIONS will jointly provide an MsBo million syndicated joint revolving credit/bank guarantee facility to Industrial Oxygen Incorporated Bhd. They are Arab-Malaysian Merchant Bank, Kwong Yik Bank, Public Bank, United Asian Bank, D&C Mitsui Merchant Bankers and United Malayan Banking
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      • 71 3 MBf HOLDINGS BHD has said that its wholly-owned subsidiary, MBf Card Sdn Bhd, has acquired 2.25 million shares representing the remaining 50 per cent of Global Equities Pte Ltd (GE) for M 5700,000, making the latter a wholly-owned subsidiary of MBf Card. GE holds 100
        71 words
      • 74 3 EU YAN SANG HOLDINGS LTD has announced the acquisition of three dormant companies two in Malaysia through its wholly-owned subsidiary, Eu Realty (M) Sdn Bhd, and one in Hongkong. The two Malaysian companies, Satria Sewira and Corpus Five, are intended for property development and
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      • 98 3 YEO HIAP SENG (M) BHD says it has obtained approval from the Malaysian Capital Issues Committee for its proposed special dividend of 20 sen payable to all existing shareholders, proposed one-for-four bonus issue, proposed one-for-four rights issue at Ms 2 each, proposed special issue of
        98 words
    • 366 3 NST THE "MISSING" scrip problem in Kuala Lumpur is believed to have been resolved and the Kuala Lumpur Stock Exchange will be submitting a final report on the situation to the Malaysian Finance Minister soon. It is understood that since May, when 8,474 share certificates
      NST  -  366 words
    • 399 3 Bernama MALAYSIAN International Shipping Corp Bhd has recommended that its shareholders vote for its proposed one-for-four rights and bonus issues at an extraordinary general meeting on Sep 3. In a circular to shareholders, MISC said the rights issue of 125 million shares,
      Bernama  -  399 words
    • 364 3 Bernama SEVERAL MalaysianJapanese manufacturing companies, confident of the long-term growth prospects of the Malaysian economy, are considering going public, the chief representative of one of Japan's big four securities firms said in Kuala Lumpur yesterday. Mr Toshihiko Takahashi, of the Nikko Securities Co Ltd office
      Bernama  -  364 words
  • Page 3 Advertisements
    • 146 3 ji:■ jWßt^Jßßrjj™j^^^^^^MpMigi&liftt7A3^st«y>.<ll'itiiTllii»«te A.^^^^^K~^gMMMMWBHMBI^^^BtoM^B BmOto*aIiIHiWIMMMMBVMi When I won the Tchaikovsky competition, I was thrilled. Later came the Avery Fisher prize. I was overjoyed. Now I play a Stradivarius on the concert stages of the world. And Ive reached the point of Delirium. CONCORD. SINCE 908 of conco® oanui* iw gou> mm
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 57 4 CAE ELECTRONICS Ltd of Montreal said it will design and manufacture flight simulators for Singapore Airlines Airbus A-310 and Boeing 747-400 airplanes for US$39 million. These are the sixth and seventh simulators that Singapore Airlines has ordered from CAE. CAE Electronics is a
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      • 91 4 HONGKONG-LISTED First Pacific Bancshares Holdings Ltd (FPB) has agreed in principle to buy Manila-based investment house First Pacific Capital Corp (FPC). FPB, a merchant bank, will pay 110 million pesos for the entire issued share capital of FPC Holdings NV, holding company for FPC and
        91 words
      • 86 4 MAZDA MOTOR Corp said it formed a joint venture to manufacture transmissions for small cars in Thailand. The venture, a collaboration between Mazda, Toyo Menka Kaisha Co Ltd and Kijkamol Sukosol Co Ltd will be called Sukosol and Mazda Engineering Co Ltd. Toyo Menka is
        86 words
      • 81 4 GOLD AND diamond miner Ashton Mining Ltd said it has extended its takeover bid for Carr Boyd Minerals Ltd to Oct 2. Ashton said it is currently entitled to about 88 per cent of the Perth-based gold producer under its 60 Australian cents a share offer,
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    • 347 4 FT THE INDIAN government has decided to allow selected public sector enterprises to raise funds through equity issues. This is a first step towards partial privatisation of the country's state companies. The decision in principle was announced on Monday to a conference
      FT  -  347 words
    • 296 4 Reuter SWILYNN International Holdings Ltd does not intend to extend the offer period for its Teletech International Holdings Ltd's takeover bid despite an impending court hearing, Swilynn's chairman told a news conference in Hongkong yesterday. Teletech is applying for an injunction to halt the
      Reuter  -  296 words
    • 538 4 TOY AND plastic manufacturers in Hongkong are fearful that the Gulf oil crisis could drive up prices of plastic raw materials, a key ingredient in the manufacturing of toys Hongkong's second leading export. But, the South China Morning Post reported, it
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    • 225 4 AP PEPSI COLA and 7-Up will hit markets ia New Delhi in October, the US soft drink company announced on Monday. "We hare successfully climbed Indian mountains," said Ramesh Vangal, chief of Pepsi Food Private Limited, the Indian subsidiary of
      AP  -  225 words
    • 202 4 YANGTZEKJANG Garment Manufacturing Co of Hongkong is planning to renovate and expand its recently acquired Madison's stores, a women's chain based in Columbus, Ohio. According to the South China Morning Post, YGM bought Madison's for US$5.5 million in March through its New
      202 words
  • Page 4 Advertisements
    • 281 4 A m Si wCJW mm.* A IL mk I M MMfefc > M wmm. A f mt -J* m~ The more miles you fly United for business, the more free trips we give you for pleasure. Join United's Mileage Plus program and the more you fly us, the more we
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    • 68 4 Conducted by Australian specialists from the fully licensed Perth-based company, AUSTRALIAN BUSINESS PROPERTY SERVICES PIT LTD. Main speaker Dr. Christopher A Jones Dates 18th to 19th August 1990 Venue Dynasty Hotel, Regal Room 3 Time 9 am to 4.30 pm (10 am to 1.30 pm-formal presentations of a range of
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  • INTERNATIONAL COMPANY NEWS
    • 276 5 Reuter GRUPO TORRAS, the Spanish investment holding company of the Kuwait Investment Office (KJO), has withdrawn its stock from Spain's bourses ahead of a restructuring of the paper, food, chemicals and services group. The decision to delist was announced a week ago. 'This has
      Reuter  -  276 words
    • 412 5 Local, foreign investors bid for telecommunication giant Reuter MEXICO has launched the sale of its telecommunications giant Telefonos de Mexico SA (Telmex), whose privatisation is one of the showcases of President Carlos Salinas de Gortari's drive to shed inefficient state industries. The Finance Ministry announced on
      Reuter  -  412 words
    • 297 5 Reuter SEARS, ROEBUCK and Co is gearing up to attack its well-publicised woes, from market erosion to high operating costs, but its weapons will involve strategy already in place, company directors said on Monday. "Management is aware of the need for prompt
      Reuter  -  297 words
    • 256 5 Renter CRAY Research Inc has settled a class-action lawsuit brought against it and three executive officers in 1989 by three shareholders who alleged that the company violated securities laws. The coat of the settlement was US$7OO,OOO, Cray Research chairman John Rollwagen disclosed In a letter to
      Renter  -  256 words
    • 263 5 NYT AMERICAN EXPRESS CO, the largest financial services concern in the US, is aggressively challenging Western Union Corp at a business it pioneered and has long dominated: wiring money. The objective of the American Express campaign, which started in earnest this summer, is to capture an
      NYT  -  263 words
    • COMPANY BRIEFS
      • 101 5 EUROTUNNEL, the Franco-British consortium responsible for building the Channel tunnel between England and France, said on Monday that it was having serious difficulties in raising £2 billion required to complete the project. The financing is due to be completed in August, but so far only
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      • 97 5 A SIX-BILLION-MARK provision will have to be set up for East German insurance firm Deutsche Versichering*AG (DVAG), 51-per cent owned by West German Allianz AG Holding, the West German finance ministry said, fn reply to parliamentary questions the secretary of state for finance Friederich Voss confirmed
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      • 84 5 DUTCH CHEMICAL group NV DSM was due yesterday to report second quarter 1990 earnings shaiply down on the same period ot 1989, when demand and prices for its key products were at a peak. Second quarter net profit forecasts, excluding extraordinary items, range from 175
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      • 101 5 NIPPON OIL Co Ltd will build a residue fluid catalytic cracker (RFCC) at its Negishi refinery near Tokyo to cope with rising demand for light products. The company plans to complete the 30,000-barrel per day unit, worth 20 yen, in August 1992. The RFCC
        101 words
      • 154 5 THE SWEDISH firm Saab Automobile AB is not expecting to see profits before the end of 1991, Saab President David Herman said on Monday. The company, which is owned jointly by Saab-Scania AB and General Motors, this year has sold 6,000 fewer cars in its
        154 words
  • Page 5 Advertisements
    • 140 5 1 'if aa^ J .-s^:- 44 Centrally located in the city is 5,000 square feet of a luxuriously furnished watch retail oudeL Known to be the largest single watch boutique in Singapore, Thong hiap believes in the quality and consistency of high customer service. No one offers better service than
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 88 6 FUJI BANK LTD is considering buying more shares of Tokyo Sowa Bank Ltd, a major regional bank, a Fuji Bank spokesman said. Fuji Bank currently owns 1.3 per cent of the outstanding shares of Tokyo Sowa Bank and one of Tokyo Sowa's
        88 words
      • 105 6 TAIWAN'S Bank of Communications will issue NTS3.S billion (US$l2B million) worth of three-year debentures today to ensure sufficient funds for loans to strategic industries and the commercial sector, the bank's vice-president, Mr Ken Ping, said. The debentures carry an annual interest rate of 9.2S per
        105 words
      • 52 6 ASIA Commercial Bank, the banking subsidiary of Keppel Corporation Ltd, has raised its prime lending rate by half a point to 8 per cent. It has also increased its savings and fixed deposit rates by a quarter-point across the board. The new rates took effect from
        52 words
      • 85 6 THE INTERNATIONAL Monetary Fund (IMF) is likely to press Brazil to agree to resume debt payments to its creditor banks before striking a new financing deal with the world's biggest debtor nation, international monetary sources said. One source said: "Any IMF agreement would require some
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    • 297 6 Sing expected to rise further after new high Reuter THE SINGAPORE dollar continued its rise against the US dollar yesterday, touching a new high of SS 1.8003 to the US dollar. Dealers say there is little to keep it from scaling new heights. The local dollar, buoyed by strong fundamentals,
      Reuter  -  297 words
    • 399 6 Reuter US FEDERAL banking regulators, faced with high levels of bank failures, are expected to consider a proposal to raise the premiums commercial banks pay for federal deposit insurance, industry sources said. Indications are the board of the US Federal Deposit
      Reuter  -  399 words
    • 361 6 AP INDLA's top finance official says his country can repay all foreign loans it takes, and he denies facing a credit crunch. But international experts said commercial banks are having misgivings about loaning to India, and borrowing will yet harder as its
      AP  -  361 words
    • 205 6 Reuter BANK RATING agency IBCA Ltd said it was unaware of any bank with substantial exposure to either Iraq or Kuwait, aside from Banca Narionale del Lavoro's exposure in letters of credit to "1w IBCA review said bofore the current Gulf conflict, Iraq was
      Reuter  -  205 words
  • Page 6 Advertisements
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  • Page 6 Miscellaneous

  • THE REGION
    • 321 7 Bernama THE NORMALISATION of diplomatic ties between China and Indonesia is expected to favour Indonesia's economic growth, according to Indonesian tycoon Liem Sioe Liong. Liem and fellow businessman, Ciputra, who is also of Chinese origin, were interviewed by Media Indonesia about economic
      Bernama  -  321 words
    • 435 7 AFP THE PHILIPPINES' commercial creditors have extended a US$3 billion trade facility, while other institutions pledged to back debt relief and earthquake rehabilitation, officials said in Manila yesterday. Finance Secretary Jesus Estanislao secured the pledges during a two-week visit to the US and
      AFP  -  435 words
    • 287 7 AS MANY AS 4,000 illegal immigrants are working on Hongkong's building sites and many subcontractors expect to beat a government crackdown by issuing forged identity documents, a South China Morning Post investigation has found. Meanwhile, the Hongkong Construction Association (HKCA) and the Housing
      287 words
    • 296 7 Bernama TRADE and investment between Asean countries and South Korea are expected to record further gains with the establishment of the AseanSouth Korea sectoral dialogue. Tourism, another area identified in the sectoral dialogue, is also likely to achieve higher growth over the longer
      Bernama  -  296 words
    • NOTE BOOK
      • 177 7 CAMBODIA has devalued its currency by 22 per cent against the US dollar, the official Cambodian news agency SPK. said yesterday. The national bank recently set the new rate at 460 rieis to one US dollar, said the report, monitored in Bangkok. The official rate was 360
        177 words
      • 108 7 AS THE AUSTRALIAN building industry languishes in what builders say is the worst economic downturn for years, building workers have won a new concession from hardpressed employers time ofT to watch a cabaret show. Their union, the militant Building Workers Industrial Union, said in Sydney
        108 words
      • 78 7 THOUSANDS of unexploded bombs dumped in Victoria Harbour during and after World War II will be unearthed in the next few years as part of a new port reclamation project, a police spokesman said yesterday. The unexploded bombs are lying in the muddy seabed around Tsing
        78 words
  • Page 7 Advertisements
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      175 words

  • THE WORLD 1
    • 359 8 Reuter PRESIDENT Ramaswamy Venkataraman of India yesterday said that India risked being left behind by dramatic changes in the world economy unless it became more efficient. In a gloomy speech prepared for broadcast to the nation on the eve of the country's independence day, he
      Reuter  -  359 words
    • 340 8 Reuter SOUTH AFRICAN President FW de Klerk left Johannesburg for the Indian Ocean Island of Madagascar yesterday on a one-day visit signalling a further diplomatic reward for his programme of apartheid reform. He was accompanied by Foreign Minister Pik Botha and a group
      Reuter  -  340 words
    • 249 8 AP FORMER Swiss hostage Elio Erriquez, an orthopaedic specialist, tasted his first day of freedom yesterday after Palestinian kidnappers in Lebanon freed him to Syrian officials. "I am happy, very, very happy," Mr Erriquez, 24, said at the Syrian Foreign Ministry before being
      AP  -  249 words
    • WORLD WATCH
      • 76 8 JAPAN'S Finance Minister Ryutaro Hashimoto said yesterday that he would visit France, Italy, West Germany and Britain from Aug 30 for talks on the world economy with his counterparts. Foreign ministry officials in Tokyo said Mr Hashimoto's talks with his four West European counterparts
        76 words
      • 52 8 CHINA is studying a plan to readjust wages according to qualification, performance and quality of output to motivate workers made sluggish by an egalitarian wage system. The China Daily reported yesterday that each worker's salary would depend on performance in obligatory tests of technical qualifications conducted at
        52 words
      • 88 8 MEMBER states owe the United Nations more than US$l billion in budget dues and peacekeeping operations, with the US owing more than half of the total. According to figures just released, the world body is slightly over US$l billion in debt for 1990 and past
        88 words
      • 80 8 THE government of Soviet Armenia resigned on Monday and the republic's Parliament elected a nationalist as the new prime minister. Tass news agency said yesterday that lawmakers elected Vazgen Manukyan, a leader of the Armenia* c National Movement, as the new prime minister on 170-35
        80 words
    • 411 10 Impact of Iraq's invasion of Kuwait NYT IRAQ has transferred between US$3 billion and US$4 billion in gold bullion, foreign currencies, and goods seized from Kuwaiti financial and commercial institutions to Baghdad, Arab bankers in London and the Persian Gulf region say.
      NYT  -  411 words
    • 200 10 Reuter JAPANESE Prime Minister Toshiki Kaifu has told the US that Japan would offer economic assistance to Gulf nations affected by an embargo on trade in the region. US President George Bush called Mr Kaifu yesterday morning to urge Japan to make "substantial
      Reuter  -  200 words
    • 319 10 AP THE Gulf crisis threatens to land a triple punch on the Philippine economy by raising oil prices, slashing worker remittances and increasing unemployment as thousands of Filipinos return from the Middle East without jobs. An immediate dilemma facing President Corazon Aquino's government is the safety
      AP  -  319 words
    • 196 10 AFP SOUTH KOREAN President Roh Tae-Woo said that Seoul would not join countries sending military forces to the Gulf for possible action against Iraq, adding that security at home was being threatened. Seoul, however, supports the United Nations Security Council resolution calling for sanctions against
      AFP  -  196 words
    • 236 10 Reuter MALAYSIA told other Muslim nations not to condemn Saudi Arabia for seeking US military help to defend against the threat of an Iraqi invasion. "It is easy to criticise Saudi Arabia for seeking help from a non-Muslim nation," Prime Minister Datuk
      Reuter  -  236 words
  • Page 8 Advertisements
    • 432 8 ONE PEOPLE ONE NATION ONE SINGAPORE oldline. One year old f 4/ atid what So the first anniversary of Wearnes Boldline computers would coincide with Singapore's twenty-fifth? C 6 For it is a great source of pride to us, a Singaporebased multinational, to be called 'one of the few jm
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  • Page 11 Advertisements
    • 203 11 EVERY MORNING BEFORE YOU GET UP, WE SIT AROUND AND TALK ABOUT YOU. Wf^ THE ORIENTAL SINGAPORE The morning management which total thirteen? j meeting at The Oriental Singapore is a revelation. As you can imagine, the idiosyncracies of guests The heads of each hotel department gather to known to
      203 words

  • 484 12 EDITORIAL AS PETROL prices jump at rates Singapore hasn't seen in more than five years; oil companies are coming unvy fire for profiteering, making a fast buck, and other unethical conduct. The hikes themselves are hardly unexpected; the pressure behind the hikes is the crisis
    484 words
  • WHAT THE OTHERS SAY
    • 224 12 SOUTH Africa took another tentative step towards the abolition of apartheid last week. Some analysts now think that a transitional government that includes the African National Congress can be formed within months, in preparation for constitutional change that will finally see South Africa rid of the unconscionable
      224 words
    • 135 12 TOMORROW is an auspicious day for the Malay Chamber of Commerce. It marks the start of a two-day conference and exhibition, Imfex, on Ma- lay halal products, an initiative of the chamber. The halal industry is a natural niche for Malay-Muslim businessmen. And the global potential for
      135 words
    • 125 12 THE West is facing an irrational and unpredictable enemy in Saddam Hussein of Iraq. His unbridled adventurism is a cause for deep concern. In view of this, will Kuwait be sacrificed on the high altar of political expediency? This may well happen. Iraq's invasion and annexation of Kuwait
      125 words
  • REGIONAL VIEWPOINTS
    • 140 12 CHINA'S Prime Minister Li Peng's six-day visit to Indonesia, marked by the signing of the protocol of the resumption of normalisation of diplomatic relations between the two countries, has definitely provided plenty of material to ponder. Although the actual mechanics of re-establishing normal diplomatic ties between Jakarta
      140 words
    • 187 12 CHINA has made it clear that it intends to ensure meaningful participation by the Khmer Rouge in the Cambodian settlement process rather than a minimal role envisaged by the United States and other Western powers who feel that the group, because of its genocidal past, must not
      187 words
    • 174 12 ILLEGAL immigrants working on construction sites are another symptom of the territory's labour shortage. Subcontractors hire men and boys on the cheap because it gives them an advantage when bidding for work. Both statements are persuasive and plausible explanations, but the fact remains that the hiring of
      174 words
  • 711 12  -  Hopes raised by free and fair general elections in May are being dashed in Burma. The military junta has reasserted arbitrary, one-party rule. Michael Adler reports that prospects are bleak for Burma, which has some of the richest resources but also one of the
    IHT  -  711 words
  • Page 12 Advertisements
    • 219 12 iA Workshop For Senior I Managers In Banks And I Other Financial Institutions I IBM, AS/400 SYSTEM SECURITY The IBM AS/400 system is widely used by banks and other financial institutions in Singapore. This intensive one day workshop will focus on the security features of the AS/400 system which are
      219 words
  • Page 12 Miscellaneous
    • 42 12 DOONESBURY BY GARRY TRUDEAU ir) LMmMS OA WW fXJSf COLMCNfT SOVKUCSt mm! 1 MEAN, CAN KXJ (MR AGAtN! BOOPSGFUL IMAGING B&NG MARP36P TO 171 T?LvS- "ZJZrT POWN ON AU- FOURS ANP SOMEONE THAT OUT OF CON- w [I 7 WW. j THOC.'
      42 words

  • ANALYSIS
    • 894 13  -  Radical Damascus is suddenly returning to thp.'w Arab mainstream. By joining the US and Egypt in taking a stand against Iraq, Syrian leader Hafez al-Assad has taken advantage of the Gulf crisis to push Damascus into the forefront of V Arab affairs. John
      Reuter  -  894 words
    • 992 13  -  When the two Germanys unified their currency and economic system, both sides were expecting some social and economic dislocation as East Germany's state-owned industry was privatised. But now, opinion polls show that unemployment, uncertainty, and under-financing have pushed the nation's mood to a new low.
      NYT  -  992 words
    • 663 13  -  Anthony Boadle reports that Peru's stabilisation programme is a race against time Anthony Boadle Reuter PRESIDENT Alberto Fujimori's bold plan to stabilise. Peru's chaotic economy has sparked looting and caused four deaths this past week, but analytts fear it could trigger an even wider
      Reuter  -  663 words
  • Page 13 Advertisements
    • 137 13 ACStItALIAN AI.TrRA.LIAN AUSTRALIAN AtJi \F.I\N AUSTRALIAN AUSTRALIAN AUSTRAIJAN tvt iAN A> 1 31 August 1990 5-COUBSE SET MENU FOR LUNCH DINNER y Includes: Soup of the Day Toasted Garlic Bread Choice of Main Course Dessert Coffee or Tea Fruit Juice From $9.50 $17.50 CHOICE OF MAIN COURSE: Bushmen Mince Beef
      137 words

  • THE LAW PAGE
    • 877 14  -  By David Gabriel THE Law Society professional indemnity insurance scheme received a mixed reaction from the profession. The implementation of the scheme has now been postponed to April 1991 from the earlier announced September date because necessary amendments to the Legal Professions Act
      877 words
    • 304 14 THE Singapore High Court may soon have an opportunity to make law on the issue of passing-off. Quality Danish porcelain, china and silverware maker Royal Copenhagen is suing a local company for going by the name of Royal Copenhagen (Ice-Cream) Singapore Pte
      304 words
    • 677 14 CAM The Official Receiver of Hongkong, acting as Liquidator of China Underwriters Life and General Insurance Co Ltd, v Kao Wei Tseng and others. Court of Civil Appeal of Singapore Justice Wee Chong Jin, CJ, Justice Lai Kew Chai and Justice
      677 words
  • Page 14 Advertisements
    • 352 14 Computers ONCE AGAIN TECHNOLOGY BRILLIANT NEW HHBr br SIT W rpi iwß i iIMMB■ WHWWI NEC's leading-edge technology shows Known as EISA (Extended Industry growing number of multitasking and multiits superiority again with a breakthrough that Standard Architecture), it's a 32-bit bus archi- HKgpM media applications (which are beyond the
      352 words

  • SPORTS 1
    • 580 15 Agencies PAT CASH overcame Mats Wilander's early match dominance to win 1-6, 7-5, 6-3 to advance in the 1990 inaugural Volvo International ATP Toumey at the Yale Bowl in New Haven on Monday. The match marked the first time since the 1988 Australian
      Agencies  -  580 words
    • 443 15 Agencies NINTH-SEEDED Amy Frazier needed nearly two hours to defeat Argentina's Mercedes Paz 6-2, 3-6, 6-1 in the first round of the Virginia Slims of Los Angeles tournament on Monday. Frazier dropped the last five games of the second set to Paz but recovered
      Agencies  -  443 words
    • 297 15  -  By Tan Boon Tiong THE 32ND Far East Bridge Championships closed with a victory dinner last Sunday at the Imperial Hotel. Tan Eng Liang, chairman of the Singapore Sports Council, was present to give away the prizes. The annual Pesta Sukan Bridge
      297 words
    • 656 16 AP THIS YEAR'S PGA tournament in Brimingham, Alabama, was one that couldn't end soon enough for the best golfers in the world. It was the hardest tournament they have played in years. There were only 10 scores in the 60s all week, and only three
      AP  -  656 words
    • 201 16 AFP PAKISTANI cricket star Imran Khan is "making excuses'* so he can ease himself out of international competition, New Zealand cricket captain Martin Crowe said yesterday. Imran claimed on Monday that New Zealand's team to tour Pakistan next month was a second-rate team without six
      AFP  -  201 words
    • 262 16 Reuter BRITAIN'S Steve Cram ended a year's absence from topflight competition through injury with a comfortable 1,500 m victory at an international athletics meeting in Grosseto, Italy, on Monday. Cram, who has been dogged by calf and Achilles tendon injuries, finished in a relatively
      Reuter  -  262 words
    • 567 16 National swimmers in dire financial straits Reuter EAST GERMANY'S swimming federation is so hard up that the national team went to what may be its last major international meeting by bus. The coaches who helped East Germany achieve supreme success for two decades were
      Reuter  -  567 words
    • SIDE LINES
      • 71 16 ALLAN LAMB compiled one of the most satisfying centuries of his career in Old Trafford, England, on Monday to spearhead England's bid for victory in the second Test against India. The Northamptonshire right-hander gave the perfect response to those who said he could not play leg
        71 words
      • 84 16 BRIAN FOWLER of New Zealand won the 39-km time trial stage on Monday in cycling's Tour du Canada. The Commonwealth Games gold medallist clocked 48 minutes 54 seconds, finishing 27 seconds ahead of Canadian Chris Koberstein, who took the leader's yellow jersey after the second
        84 words
      • 70 16 ANDRE AGASSI and Michael Chang will spearhead the US Davis Cup team for its semi-final against Austria in Vienna next month. Agassi, the world No. 4, and Chang, ranked 10th in the world, would be playing the singles rubbers and the world's premier partnership
        70 words
      • 92 16 AUSTRALIA had a disastrous final preparation for Saturday's third rugby union Test against World Cup holder New Zealand when it was beaten 12-4 yesterday by a select team from Bay of Plenty province in Rotorua. Australia took an early lead when back-rower Steve Tuvnman scored a
        92 words
  • Page 15 Advertisements
    • 365 15 Pinwriter. to be very tough to catch. The NEC P63CX)/ few printers can match. to match for features (unless, of course, you Carlton Hotel on August P6200 has the perfect combination of speed, The massive new 80KB memory will choose another NEC printer). But when 16th. Then you can efficiency
      365 words

  • Page 16 Advertisements
    • 307 16 All diners will be served with garlic breads X AU the main coune wiU served wM ve B etables and french fries, baked potato or butter rice. SAMBAL STEAK GARLIC STEAK PEPPER STEAK ONION STEAK MUSHROOM STEAK CURRY STEAK TOjfcjrjj y TERIYAKI STEAK SPICY STEAK BEEF STEAK "CHINESE STYLE GRJLLED
      307 words

  • Page 17 Advertisements
    • 114 17 Introducing International ISDN Service to the U.S. Y)ur business advantage. Singapore Telecom, in partnership with AT&T, is proud Or you can use it as an inexpensive back-up service to to launch Singapore Telecom's first International ISDN link your existing Leased Line. to the United States. If y° u have business
      114 words

  • Page 18 Advertisements
    • 189 18 WHERE I".". WHERE TO WINE, PINE... v CALIFORNIA DREAMING. West Coast Cuisine at The Palm Grill, August 6 18. Chef Lawrence Vito of The Stanford Court Hotel, San Francisco is a masier of this refreshingly different style of Cooking. Acclaimed for his unique food combinations, he uses only the freshest
      189 words
    • 275 18 W?f DIAN XIN TEMPTATION! Treat yourself to a Delectable Dian Xin lunch. Ml-ytxi-can-eat for only $16.80* per person. Lunch Hours: 11.30 am 2.30pm •Hu> 10% xmcr ihaqr 4\ j»>Tri>mcnt m HWT RK3OCY©SWGAPORE lrt-12 Scab fcud Saigapurv Wi! Td: *****HX High Tea Buffet One of the longest high tea buffets in
      275 words
    • 291 18 August. The Streets anniversary month. Come karaoke and get a cassette recciding of your singing tree. If s our anniversary gift to you. August 24 Our Ist anniversary night, wall share with you our anniversary cake Let's Celebrate! Eiiai ROSE GARDEN SICHUAN RESTAURANT Level 5. Gotdrn Landmark Hold 390 Victoria
      291 words
    • 312 18 j c§o2/cheese to— < I SWISS 3 The Swiss have such wonderful ways with cheese. Savour them I 9 and more at The Belvedere's Swiss Bufiet this month. I SWISS BUFFET LUNCH 4 I y August I—3l, Noon 2 30 pm I Adult: $36+4-, Child below 10: $18++ J w
      312 words
  • Page 18 Miscellaneous
    • 719 18 TELEVISION AND RADIO ■EBH VAnnn SSL I tS S3«S~* r wsi^aittf^litg" ti>« whotAusust Bwn sbc 12 oung (ii neaiT ™o m». ■>«« A jseslstc^ of Au B ust op** l SBC 12 w Question Of Intelligence. A num solves the riddle and (Brazilian 7.10 am, 9.25 am, 1.30pm. Back, as
      719 words

  • LIFESTYLE
    • Article, Illustration
      1419 19  -  Caryn James sees many new movies sending resentful messages about the power and silliness of television Caryn James NYT WHILE Bruce Willis is wiping out terrorists on the ground in Die Hard 2, a plane full of hostages is circling above Dulles Airport, carrying minor but symbolically loaded
      NYT  -  1,419 words
    • 381 19 CHATTERBOX ACCLAIMED Japanese film director Akira Kurosawa is battling the scorching summer heat and teaming up with American film star Richard Gere to create something dreadful but heartwarming. Gere is acting in Kurosawa's 29th film, Rhapsody in August, which highlights vivid recollections of the
      381 words
  • Page 19 Advertisements
    • 250 19 AND ENTERTAIN The Happiest Hours In Town. hapty hours spm ~r j{~~^ Vl DAILY OPENING HOURS pjU^Snr" UV. iiamtoiam Happy Hours at The Fountain Lounge means enjoying a complimentary drink with every one you order. Plus, 25% off bottle purchases. There's great live music too. A® Century Park Sheraton Singapore
      250 words
    • 459 19 loncES THE COMPANIES ACT. CAP. 90 MAI SON 0€ LALBATBE PTE LTD (In Members Voluntary Winding-Up) At an Extraordinary General Meeting of the abovenamed company held on the 10th day o» August 1990. the following Special Resolution was duly passed "THAT the Company be wound up voluntarily pursuant to Section
      459 words
    • 494 19 IN THE MATTER OF THE COMPANIES ACT, CAP. SO and In the Matter of CHIP SENG COMPANY PRIVATE LIMITED (In Voluntary Liquidation) NOTICE OF RESOLUTION At an Extraordinary General Meeting of the members ot CHIP SENG COMPANY PRIVATE LIMITED duty held and convened at 151 Chin Swee Road *10-12, Manhattan
      494 words
    • 216 19 nw w»>-'• Bm' -*U I H|: /»d*l 4 n-A i Classical Japanese Food Prepared In The True kaiseki Style. V I Complete 6 course set Lunch/Dinner from $18.00 Set Sushi Lunch from $17.00 i Nishiki Restaurant Marina Bay Golf Country Club 6 Marina Green Singapore oioi. For Reservations Please Call
      216 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4550 20  -  By Abdul Hadhi SLIGHTLY improved sentiment on the major overseas markets rubbed ofT on the Singapore exchange yesterday. Share prices recouped some of their earlier hefty losses on a technical rebound. Institutional support, however, continued to be minimal. "Investors are staying away because
      4,550 words

  • 4306 21 Main Board Sea View 460 +34 +8.0% Spore Land 1350 +30 +2.3% ANA Hotels 284 +29 +11.4% SIA 1230 +20 +1.7% DBS Foreign 1140 20 +1.8% Jurong Ship 30* 710 +20 +2.9% Shangn-La 710 +20 +2.9% SPH 695 +20 +3.0% UOB 585 +15 +2.6% Keppei
    4,306 words

  • BT SHARE INFORMATION SERVICE
    • 174 22 Cot D«te Yur Groop N«t Met earnings Gross aim to profit/loss (L) por shore dividend (*000) (coots) HTP HWgs Aug 3 Mar 90 $2,334 ($2,7541) 2.6(-) JCMPH Aug 3 Mar 90 J15.408(J12.840) 8.5(7.1) 10h(3) Murata Jul 27 Mar 90 18.3091(20.9251) 94 2(107.2) 30(30 8) Bedford tul 13 Dec
      174 words
    • 177 22 C—»—y Data Yoar Group pro-tax N«t Minings Gross ann to profit/loss (L) per share dividend (•000) (emits) SO Oredg Aug 10 Mar 90 MJ2,452(MJ164l) 2(1) Mun loong Aug 8 Mar 90 MJ9,855(M*7,742) 15 5(11 8) 10(10) MCB Htdgs Aug 8 Mar 90 MJl,304l(M$1.914) 2 5(3.5) Bunnil Htdgs Aug
      177 words
    • 386 22 Company Date HaH-yoar Group pro-tax Interim ana to profit/loss (L) dividend ('000) Gentmgs Aug 13 Jun 90 MJ215.301 (MJ137.038) 15(14) Stngatronics Aug 13 Jun 90 $3,179($1,996) Southern Bank Aug 10 Jun 90 M$21.300(M$18.28«) DBS Aug 10 Jun 90 $192,415($178,945) 8(8) G Securities Aug 8 Jan 90 $2,464($1,043) 5(—)
      386 words
    • 366 22 Aug 13 Metropiex Bhd has received an offer to acquire Strawberry Park Resort Sdn Bhd for Ms3om. Renong Bhd has secured all the necessary government approvals to acquire two investment holding companies, Fleet Group Sdn Bhd and Hatibudi Nominees Sdn Bhd. Aug 11 PT Must* a Rah), a
      366 words
    • 579 22 Current Ex B«ks Date Trtai for Tttal tor fjifi cWm piysMo tki ytif test ytir Mn Mdp 6% Aug 28 Sep 7 Sep 26 61 61 MOB 25% Sep 14 Sep 28 Oct 27 2.5% 2% MM 10% Sep 21 Oct 5 Nov 1 10% 7.5%(a) MR 2.75sen
      579 words
    • 389 22 Stofa»ara Stacks Last FaM Yaar Cmpmi Ptead Date Tor M EPS frees M aramnced endhg (carts) pre* UH> (TOM) Lm« Hut Menm Mar 30 Dec 89 5351(h) EMS Intern Apr 26 Jul 90 9 3(a) 2 371(a) 4.747 III Lm Ftanci Fral tm 1 Dec 89 12.3 8.0
      389 words
    • 348 22 Company Rights Issue KMa Mm (KK) Otters lor sate by or on behalf of Utd Enpneers (M) Bhd of 25.2m stares by way Of a nghts offer to entitled shareholders of KK on the bass of tourtor-one MSI 25 each Lx-date M 20 Books dose Aug 3 Acceptance
      348 words
    • 652 22 BONDS, LOANS WARRANTS CUM Before 26/4/93 1 warrant pta 83.09 cask C—awi) Loa Caaewaji M 2/10/89 to 20/10/94 1 warrant pfos SI casti or 1 warrant pta SI oonnal anoMt of lm Ml CtaaMpMa Chan H* March S7 to 31/12/91 1.55 warrants pta 8155 cash. On Hp MM 1 8/89
      652 words
    • 554 22 Company Rights Issue Baton Onetor toor <& MS2 00 per share kn Capital reduction scheme to reduce par value ot shares from SI 00 to SO 60; Rights issue of 3:2 <& SO 60 per share CAM One-tor-one 6 M$4 00 per share. Every tour nghts shares would
      554 words
    • 212 22 Mi Kenneth Ka\x* Rubber Pubic Ltd Co: EGM at sth Floor, Straits Trading Building, 4 Leboh Pasar Besar, ***** Kuala Lumpur on Wednesday, August 15, at 2pm. Tiger Babn Ltd: EGM at the Board Room, 30th Storey, UOB Building, 1 Bonham Street Raffles Place, Singapore 0104 on Wednesday,
      212 words
    • 138 22 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 h*t *****3 (16/7/90) J990 j*t 1607.12 (27/3/90) 1990 tar 1209.24 (13/8/90) M" 288-89 O3/V90) 1989 Nch: 1322.00 (28/12/89) 1989 H* 1487.76 (26/12/89 1989 Ink 917.42 (4/1/89) 1989 1030.69 (4/1/89) 1988 h*c 1043 86 (8/8/88) 1*8 N* 1177.87 M/tt) 1988 low:
      138 words
  • Page 22 Advertisements
    • 322 22 010 a l fund The Asia-Pacific... the new frontier of growth in the 21 st century, and Singapore... the manaqemen t9l re gj ona financial hub and one of the world's fastest growing business centres... provide the perfect setting for the Global Fund Management Conference and Exhibition. krtwiwtioMl Confer«Ke and
      322 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3693 23 Bernama NST MALAYSIAN share prices rebounded yesterday from the sharp fall on Monday on bargain-hunting and improved sentiment boosted by a higher close in Tokyo. Some dealers said a correction of this nature was not unexpected as the market had fallen more than 13 per
      Bernama; NST  -  3,693 words
  • Page 23 Advertisements
    • 278 23 'm AT SHEIATON UITlf THINGS MIAN A tOT AT SHERATON LITTLE THINGS MEAN A lOT AT SHERATON 5 5 -.1 < m 1 I z -> hardly to open the Adamantly, Captain Heaton refused the the to make a soup— Asia's panacea for all kinds of ills—and z K 1
      278 words

  • TOKYO STOCK EXCHANGE
    • 2279 24 Reuter TOKYO STOCKS closed higher yesterday as big institutions came in to support the market after steep declines on Monday. Traders were relieved to see gains but said the market was still overshadowed by uncertainties about the direction of interest rates and the Mideast crisis.
      Reuter  -  2,279 words
  • STOCK EXCHANGE OF HONGKONG
    • 2386 24 Reuter SELECTIVE bargain-hunting drove share prices higher yesterday, and the blue-chip Hang Seng index ended the day 27.25 points higher at 3,067.53. But brokers said the local bourse was likely to continue its drift downwards on low volume. "We've been down (on Monday) and Friday
      Reuter  -  2,386 words

  • REGIONAL STOCK MARKETS
    • Seoul stocks hit another new low
      • 958 25 THE AUSTRALIAN share market finished firmer yesterday, due mainly to the gold sector's continued surge following rising bullion prices: The gold index followed its 5.3 per cent jump on Monday by rising a further 47 points, or 2.96 per cent, to 1634.0 yesterday. This followed a roughly US$lO-an-ounce surge
        958 words
      • 826 25 SEOUL STOCKS dropped to another new low for the year yesterday, ending a day of sluggish trading sharply down on rumours that the government had not come up with market-boosting steps after all. The composite stock index fell 13.56 points to 632.30, the lowest level since April 27, 1988,
        826 words
      • 635 25 THAI STOCKS plunged in heavy selling across the board as local investors desperate to get out of the market cashed in on Friday's rebound yesterday. The market was closed on Monday for a public holiday. The composite SET Index fell 28.03 points to close at 893.10. Declines led advances
        635 words
      • 475 25 MANILA SHARE prices closed higher yesterday on bargain-hunting after Tuesday's sharp fall but brokers said the upswing would not hold for long given the continuing tension in the Gulf. The Manila Stock Exchange composite index inched up 4.20 points to close at 828.98. The combined volume rose to 718.54
        475 words
      • 530 25 THE Jakarta stock exchange index fell 2.68 points to 587.33 yesterday, while turnover rose to 2.20 million shares from Monday's 1.46 million. Some actively traded stocks gained. Cement producers Indocement and Semen Cibinong traded 70,000 and 25,000 shares respectively, with Indocement rising 200 rupiah to 13,700 and Cibinong 100
        530 words
      • 381 25 TAIWAN stocks closed sharply higher yesterday, reversing early losses after institutional bargain-hunters entered the market. The weighted index gained 153.84 points, or 4 per cent, to finish at 4,038.73 compared with Monday's 3,884.89 close. Turnover rose to NTS3I.B billion from NT527.5 billion. Dealers said small investors, inspired by institutional
        381 words
      • 122 25 SHARE PRICES rose sharply on Monday after the Bombay Stock Exchange (BSE) authorities partly lifted a ban on forward trading. The authorities re- moved the ban on forward trading in 59 out of 80 stocks but said the ban on the remaining 21 shares would continue. The ban was
        122 words
      • 384 25 Reuter A SHARPLY higher New Zealand dollar helped subdue leading share prices, with the Barclay's index estimate closing at another 30-month low yesterday, despite an improvement on other Asian bourses. A firm domestic monetary policy, backed by high interest rates, saw the New Zealand dollar rise to 76.4
        Reuter  -  384 words
      • 408 25 Close hwi— Aag 14 SYDNEY All Ordinaries Index 1565.0 1554.0 +11.0 All Industrials Index 2330.7 2321.5 +9.2 All Resources Index 968.3 956.7 +11.6 Turnover (million) 98.31 78.63 -19.68 BAHfiKOft SET Index 893.10 Closed Turnover (nearest *000) 40,342 Closed JAKARTA Composite Index 587.33 590.01 -2.68 Turnover (nearest *000) 2,200 1,460 740
        408 words

  • WORLD STOCK MARKETS
    • US bine chips rebound in late rally
      • Article, Illustration
        1079 26 TECHNICAL BUYING, bargain-hunt-ing and a lack of fresh negative news from the Mideast helped US blue chips rebound from sharp opening losses and stage a late-session rally on Monday. However, a fire in lower Manhattan disrupted trading at Wall Street firms and several exchanges, resulting in thin volume
        1,079 words
      • Article, Illustration
        824 26 SHARE PRICES finished lower on London's Stock Exchange on Monday, but recovered after early initial losses. Investors said the trading day opened amidst fears that the buildup of US military forces in Saudi Arabia over the weekend and Tokyo's near-record fall earlier on Monday could send London shares tumbling.
        824 words
      • 216 26 TORONTO STOCKS closed flat on Monday in moderate trade with strength in gold and blue chips after a lack of negative news on the Middle East standoff sparked a rally on Wall Street, dealers said. "I guess it's just a hazy little sigh of relief," said one analyst. The
        216 words
      • 251 26 DUTCH SHARE prices trimmed morning gains at midsession yesterday as initial enthusiasm, fuelled by well received first half results from chemical firm DSM, petered out, dealers said. Similar trends could be seen on other European stock markets, where better Wall Street and Tokyo stock market performances helped shares off
        251 words
      • 184 26 BELGIAN SHARES opened mostly higher yesterday on small-scale institutional buying, but dealers said it was a technical reaction to recent falls and did not signal a return of confidence in the market. "It's probably funds and institutions who want to improve their average buying prices. Some buyers are looking
        184 words
      • 292 26 JOHANNESBURG GOLD share resumed their upward surge in hectic morning trading yesterday after Monday's massive gains as local and overseas investors continued their buying spree. Dealers said bullish sentiment received a further boost as world gold prices, supported by continued tension in the Middle East gulf, climbed further to
        292 words
      • 277 26 WEST GERMAN shares ended broadly mixed yesterday as hesitant investors remained sidelined despite early signs of a small technical recovery. Dealers said the early rises had come mainly on investor short-covering, in part from overseas operators. But the Gulf crisis continued to weigh on the market, and follow-on orders
        277 words
      • 163 26 ITALIAN SHARE prices largely ignored the gains being made elsewhere in Europe and opened slightly lower compared yesterday with Monday's official closes although they were above levels seen in post-fix trading on Monday, brokers said. "Virtually the only business being done is position-squaring," said one broker. Turnover was reported
        163 words
      • 158 26 CONTINUED NERVOUSNESS over the Gulf crisis and a lack of buying interest wiped French share prices clean of their early morning gains by midday yesterday. The CAC-40 index hovered obstinately around 1,713.28 by 1040 GMT, after opening at 1,736.20 against a close on Monday of 1,721.01. "Everybody's running shy,"
        158 words
      • 352 26 SWISS SHARES were marked slightly higher in lacklustre midsession trading yesterday. Dealers said that although there was no selling pressure, there was virtually no investor buying interest either. The all-share SPI index was 3.3 points higher at 1,069.6 while the SMI index of leading shares rose 11.8 points for
        352 words
      • 129 26 Aug 13 Clow Prerioaa NEW YORK Dow Jones 2746.78 2716.58 30.20 NYSE Financial 131.62 131.71 -0.09 SAP 500 335.73 335.52 +0.21 Turnover (million) 122.8 145.3 -22.5 LONDON Financial Times 30 1732.20 1743.0 -10.80 FTSE 100 2219.50 2233.8 -14 30 Turnover (million) 294.0 312.4 -18.4 AMSTERDAM CBS General 184.90 188.0 -3.10
        129 words
  • Page 26 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1217 27 FOREX MARKET REPORTS GOLD continued to soar in London yesterday morning, reaching levels not seen since the beginning of the year as it rose US$5 an ounce in early trading after putting on more than US$l3 on Monday. The metal was trading
      1,217 words
    • 390 27 Cross rates Aug i4 US$ SS MS Dm Yen SFr A$ NZS US$ 1.8010 2.6960 1.5770 150.00 0.5309 1.3160 1.2453 1.6340 SS 0.5552 1.4969 0.8756 0.8329 0.2948 0.7307 0.6915 0.9073 MS 0.3709 66.80 0.5849 0.5564 0.1969 0.4881 0.4619 0.6061 Dm 0.6341 1.1420 1.7096 95.12 0.3367 0.8345 0.7897
      390 words
    • 1547 27 SIMP HfffflHUUMI Open High Low Sett Est Vol Op/lnt Vol Sep 90 9114 9114 9113 9113 853 ***** 1439 Dec 90 92.25 92.26 92.25 92.25 3545 ***** 5212 Mar 91 92.18 92.18 92.16 92.17 395 5762 1943 Jun 91 91.95 91.95 91.94 91.94 85 1459 258 Sep 91
      1,547 words
    • 544 27 Interbank rates S$ Bid Offer Overnight 7 1/2 7 3/4 1-month 6 3/8 6 1/2 2-month 6 1/2 6 5/8 3-month 6 5/8 6 3/4 Ocnwjht mode: 6-1/4 LS$ Bid Offer 7 days 8 1/16 8 3/16 1 month 8 8 1/8 2 months 8 8 1/8 3
      544 words
  • Page 27 Advertisements

  • COMMODITIES
    • 294 28 Reuter INDONESIA plans to increase crude palm oil exports despite rising domestic demand, said Junior Agriculture Minister Sjarisudin Baharsyah. Mr Baharsyah said Indonesian CPO exports more than doubled in the last decade. He was optimistic they will double again during the next four to
      Reuter  -  294 words
    • 293 28 Reuter NEW ZEALAND'S Court of Appeal ruled that Energy Minister David Butcher acted unlawfully in awarding himself the licence to a promising North Island oilfield. The court, in a four-to-one majority decision, declared the licence unlawful, invalid and without legal effect. The ruling overturned a
      Reuter  -  293 words
    • 167 28 Reuter THE European Community is carrying out an urgent assessment of the Gulf crisis' present and expected future impact on EC oil stocks and supplies, a spokesman said on Monday. The work will be carried out in parallel with a similar one by the
      Reuter  -  167 words
    • 853 28 REPORTS Hongkong: Hongkong gold jumped on late buying after the European open which stimulated local short-cover-ing, dealers said. "It might be Middle East buying but it might also led by European short-covering on worries of a continuing halt in trading... In
      853 words
  • 1299 28 Rubber Am 14 >■<■») S ccnti/kg Noon Ooae Intl RSS Prompt 156.75/157.75N I57.00/158.00N Inl I RSS Sep 90 157.00*157.50 I57.2VI57.75N Intl RSS Oct 157.7VI58.25 I58.0<VI58.50N Int 2 RSS OP l53.50yi55.50N 153.5<V155.50N Int 3 RSS OP I49.00/I5I.OON 149.00/151.OON Int 4 RSS OP I45.00/I47.00N 145 (WI47.00N Int 5 RSS OP I40.SO/I42.SON
    1,299 words
  • Page 28 Advertisements
    • 889 28 NOTICE NOTICE IS HEREBY GIVEN that, I Cheng Mun Hoon of No 21 Gementi Road Singapore Singapore 0612 have applied for a First Class Public House licence in respect of premises at M/s Fun And Music Enterprises at 10 Chun Tin Road, Singapore 2159, and that this application will be
      889 words
    • 15 28 Read Charlpoint, a guide to investing in the stoek market. Every Saturday in Business Times.
      15 words

  • THE TRAVEL PAGE
    • 1008 29 CKy FHM ETA FNctt ETD Aka Dkafc GA895 1235 1' 11 r riMltnii—i GA895 1235 KL814 1720 KL813 1455 SQ24 2200 Atfcaa* QF015 2230 TE25 1800 TE28 1920 SQ388 2025 Bakrafci Baadar Sail BJ421 1105 SQl82 0915 OliBlllil SQ181 1410 BI422 1205 »429 2030 BJ430 2125
      1,008 words
    • 658 29  -  POSTCARD FROM KABUL By Amal Jayasinghe Afghanistan is considered a difficult and high-risk posting for foreigners. But weary diplomats here appear to make up for it with a lifestyle that most Afghans can only dream of. Kabul frequently comes under rocket attack from the
      658 words
    • 152 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4400 1.4600 Canadian dollar 1.5580 1.5786 NZ dollar 1.0900 1.1200 Sterling pound 3.3800 3.4200 US dollar 1.7980 ***** Local dollars to 100 units of foreign currency Austrian schilling 16.00 17.00
      152 words
    • 330 29 Duration Title Venue Organiser Tej Duration Title Venue Organiser Td Sep 7-17 International Switzerland Schweizer Muster 61/686 20 20 Oct 16-20 Dau Preceding Yu»wlavia Zagrebacki 41/*****6 Fair Mustcrmcsse A Officc Equipment Vdes^am Sep 10-16 International Spain Foirc 3/423.31.01 Fkvtmnirx Barcc,onc Oct 23-28 International Yugoslavia Foire De 21/25.133
      330 words
  • Page 29 Advertisements
    • 59 29 r y yf— The business person* ihoiee e%cr\ luesdj\, m I I M I hursdjx.Sjturdjv jnd s >und.n. I tax inj; hanyi 1 W\ IK W \irport Jt hours .ind lrriunt; at lister B. -X. -JL. _JL R Pearson lntern.)tiorul Airport the lollow int;d.i\. A l'» i; i: \t n
      59 words
    • 234 29 I I i v. A good night's sleep recommended for the a good those suffering bad day. Even as far back w I 1| u backs and a host of as 3 000 years ago, o,her health Besides soothing sore value muscles and relievrng of comfortable sleep. HS f-YJ |V|]|ftH
      234 words
  • Page 29 Miscellaneous
    • 305 29 ACROSS 1 Lay down vintage wine n P I BHHHI Lancashire 8 The company's blue-eyed WM ■■j|H boy has long been popular P® 11 Retrospective way to ac- "TMI-"lßl-quire a love of porridge (4) 12 Beverage with plenty of 13 Region about to be includ- H| ed by a motoring
      305 words
    • 209 29 Singapore Outlook: Showers over several areas in the morning Report Max temp 31.5"C Assoc humidity 63% Min temp. 24.9"C Assoc humidity 93% Hrs of sunshine 2.40 Rainfall in mm Trace Rainfall this mth 86.3 Rainy days this mth 5 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 17/11 Windy Bangkok. 32/25 Showers
      209 words
    • 28 29 feAfaJßWaSilßil ST\LL Gct PaO N] HouknouuhST, jowes—sorneT|rnes)_ VOID J wtaveTM creeling W BGMG LEFT \r jgjafc. V LEFT T J J t EVEMNQ STAXQAHO CO. LTD, IW-IHI WW
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  • 437 30 Bernama MORE THAN 290,000 new jobs are expected to be created in Malaysia this year, significantly higher than the 220,000 new jobseekers expected to enter the labour market, according to the manpower department. The level of unemployment could be less than
    Bernama  -  437 words
  • 53 30 Stranded in the western Indian port city of Bombay after Iraq invaded his country, a Kuwaiti national sits and ponders in a street outside the Consulate General for Kuwait. He is in Bombay for medical treatment but cannot get a flight back to his country now. AP
    AP picture  -  53 words
  • 147 30 AFP VIETNAMESE Vice-Foreign Minister Tran Quang Co said yesterday he was pleased with the prospect of improved Sino-Vietnamese dialogue as it could help resolve the deadlock over Cambodia. "With the declarations of Chinese Prime Minister Li Peng, we think the time is ripe to
    AFP  -  147 words
  • 269 30 A BUSINESS MISSION with delegates from some of the biggest listed companies in Singapore will leave for Myanmar on Monday for a five-day visit. Led by Member of Parliament Chandra Das, the mission will fly to Yangoon (the former Rangoon) on the inaugural flight
    269 words
  • 271 30 MALAYSIAN Chinese Association president Datuk Dr Ling Liong Sik declined to comment on a report that the opposition, under the leadership of Tengku Razaleigh Hamzah, had no objections to a Malaysian Chinese becoming a deputy prime minister. Dr Ling said that he would have
    271 words
  • 288 30 THE SINGAPORE government has appointed banker and Public Service Commission chairman Lee Hee Seng to head the newly-formed Education Service Commission and Police and Civil Defence Services Commission. A statement from the Prime Minister's Office yesterday announced the composition of the two bodies.
    288 words
  • 214 30 AFP THE INDONESIAN opposition yesterday called for an end to 25 years of "unconstitutional emergency measures" and for political reforms including direct parliamentary elections and a time limit on the presidential mandate. The appeal came in an open letter sent to the legislature yesterday
    AFP  -  214 words
  • Page 30 Advertisements
    • 341 30 i M. Baume Mercier GENEVE 1830 t Warwick University MBA through DISTANCE LEARNING THE MBA is the professional management qualification wuv rue wadwipv iimivcdcitv mra for those who want to get ahead in today's competitive wni int WAKyvitN uniivcßaii i ivip/\ employment market. Warwick Business School has a deservedly high
      341 words
    • 33 30 3K. JIL Baume Mercier GENEVE 1830 \<ilcniino v. -V-X T S> V > j. V > h MAT I N O ,0 1- 05 HY A T NCY SI NGAPORE, 10-12 SCOTTS ROAD. SINGAPORE 0922
      33 words

  • Shipping Times
    • 412 31  -  By Ottoman Abu Bakar THE Malaysian Postal Services Department wants to tap Singapore's international courier services network in an effort to provide a better service to its overseas clients, now spread over 24 countries. It will be installing a tracking and tracing
      412 words
    • 270 31 UNI LOAD Freight Consolidators and APR International Loss Adjusters Surveyors have teamed up to provide freight surveying services at the Changi Airfreight Centre. Since Aug 1, APR has based a number of its surveyors at Uniload's office at the CIAS Caigo Terminal. "The arrangement
      270 words
    • 214 31 Reuter WORLD shipbuilding orders rose to the highest level seen for almost 13 years, the latest figures from Lloyd's Register showed. Shipping tonnage under construction or on order at the end of June 1990 was 39.9 million tons gross, 15 per cent above the
      Reuter  -  214 words
    • 159 31 THE Port Authority of Thailand has set more than one billion baht as its investment budget for fiscal 1991, mainly for procurement of equipment and rail-mounted dockside gantry cranes. The budget will also be spent on site preparation for containers to speed up cargo
      159 words
    • 337 31  -  By Dexter Lee IN AN unprecedented move, feeder operators plying between Singapore and Indonesia have banded together to introduce a surcharge on containers passing through three key Indonesian ports. From Sep 1, the 12 members of the informal grouping called the Singapore-Indo-nesia Container
      337 words
    • 418 31  -  _Ji Rahita Elias SHIPPING LINES plying between the Far East and North America are slapping hefty increases onto their bunker surcharges next month, passing the higher fuel costs to shippers. Carriers in the Asia North America Eastbound Rate Agreement (Anera) will raise their
      418 words
    • 122 31 AFP JAPANESE international communications firm KDD on Monday announced a deal to lay an underwater optical fiber cable between Japan and China for about 9.5 billion yen. Under the accord, KDD, China's Post and Telecommunications Ministry and American Telephone and Telegraph Co (ATT) will
      AFP  -  122 words
    • NEWS SUMMARY
      • 58 31 ROLLS ROYCE on Monday said it had received an order for engines worth about £20 million from Iran Air to fit six new Fokker jets. The six Fok-ker-100 planes were ordered with an option on six more as part of Iran Air's
        58 words
      • 46 31 WHEN Hotlis L Harris takes over as the president of Continental Airlines Holdings next month, he will be inheriting a company that has weathered two strikes, two bankruptcies, three acquisitions and seen seven presidents in as many years. Pace 2
        46 words
      • 37 31 SCANDINAVIAN Airlines System (SAS) is confident a sophisticated route network and reservations system, and good service, will help it thrive in a deregulated Europe, a top airline official said Page 2
        37 words
      • 34 31 MAJOR airlines are discussing a coordinated approach to fare increases on flights within Europe due to higher fuel prices, an executive of Scandinavian Airlines System (SAS) said Back Page
        34 words
      • 34 31 SCANDINAVIAN Airlines System (SAS) could increase its stake in Airline of Britain Holdings pic, although it is not now actively seeking to do so Back Page
        34 words
      • 30 31 WITHIN A year, India has leapt from fourth position to emerge as the world's largest shipbreaking country, pushing back China, Bangladesh and Taiwan Back Page
        30 words
      • 38 31 SWEDISH haulage firm Bilspedition AB is negotiating with Finland's Spontel Oy to buy all of its wholly-owned subsidiary Speditor Oy, a transport group with 1989 turnover of three billion crowns. Back Page
        38 words
    • LOG BOOK
      • 91 32 CHINA, Japan, North Korea and South Korea agreed in principle to establish a new air route which would allow flights between Beijing and Tokyo to cross the Korean peninsula. The New China News Agency said the new route, negotiated by officials from the
        91 words
      • 95 32 OCEAN Group pic, the British freight, marine and environmental services group, said it is making a £24.3 million recommended offer for Tees Towing Company Limited. Ocean will issue a maximum 7.32 million ordinary shares, at 325p per share, to pay for the acquisition. This represents
        95 words
      • 138 32 UNITED Parcel Service workers have ratified a new threeyear contract despite a call by their union leaders to reject the pact, averting the possibility of a strike that could have snarled the package shipping system in the United States. Company chairman Kent Nelson said the new
        138 words
      • 139 32 OUTBOARD Marine Corp said its Outboard Marine Corp (Australia) Pty Ltd subsidiary purchased certain assets of Irisbowl Pty Ltd, an Australian boat manufacturer. Outboard Marine said it acquired Irisbowl's Haines Hunter brand boat manufacturing lines, as well as existing inventories of Haines Hunter boats. Manufacturing
        139 words
      • 40 32 PAN Am Corp said it will resume service to Trinidad and Tobago on Friday. The airline said it will have daily round-trip service with the schedule modified to accommodate the night curfew in Port of Spain.
        40 words
    • 1026 32 NYT WHEN Hollis L Harris takes over as the president of Continental Airlines Holdings next month, he will be inheriting a company that has weathered two strikes, two bankruptcies, three acquisitions and seen seven presidents in as many years. Mr Harris' mandate, not surprisingly, is
      NYT  -  1,026 words
    • 476 32 SCANDINAVIAN Airlines System (SAS) is confident a sophisticated route network and reservations system, and good service, will help it thrive in a deregulated Europe, a top airline official said. "Deregulation must act as an opportunity, and not a harm. You are permitted to
      476 words
    • 903 32 AFP HIGHER bunker prices due to the Middle East conflict prompted a rise in charter rates over the past week on the dry cargo market, brokers said. The Baltic International Freight Futures Exchange (Biffex) index gained 52 points during the week, to 1,232 points. Although the index now
      AFP  -  903 words
    • 12683 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,683 words
    • 1069 47 CHARTERING on the key grain runs on the freight market was quiet on Monday but scattered fixings were noted on some of the more minor routes, shipping brokers said. The Baltic Freight Index rose five points to 1,237 with the key US Gulf to Europe and Japan grain
      1,069 words
    • 668 47 fctwl Voy W» Wfc total D«parta» Keppd Wharves AWWiammed 1 K29 alongside 1508/1500 Apnl G> 23E/90 K18 alongside 14.08/1800 Batangas 20 K30 alongside 1508/0600 Con Furano 13A07 K33 alongside 14.08/1200 Kota Bertan 36/90 K32 alongside 15.08/2359 Kota Ratna 862 K31 alongside 17 08/1830 Shoushan 29/30 C10 alongside
      668 words
    • 1300 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookie/Balance Mts Sty Voy No Period From To From P ol OiscBai Space AchtergracM AG02S 1 14/1500 14/1659 14/1900 L,, rwu 2A 2 14/1700 15/0659 15/0900 1 3 15/0700 15/1159 15/1400 8A 1 14/1500 14/1659 14/1900 M Sham«ah 73A
      1,300 words
    • 368 47 Pin Wang South Port on Au( 14: Golden World berth 1; Soon Hoe berth 2, Berjasa berth 4; Mutia Hayu berth 7; Swee Long Sato berth 7A; Pinang Jaya berth Jetty Shell KCT: Ocean Sincerity berth 8; Gulf Bridge berth 9; Uni Mercy berth 9. North Port
      368 words
    • 230 48 Reuter MAJOR airiines are discussing a coordinated approach to fare increases on flights within Europe due to higher fuel prices, an executive of Scandinavian Airlines System (SAS) said. The talks are being held under the industry self-regu-lating group International Air Transport Association, SAS chief operating
      Reuter  -  230 words
    • 274 48 Reuter SCANDINAVIAN Airlines System (SAS) could increase its stake in Airline of Britain Holdings pic, although it is not now actively seeking to do so, an SAS executive said. Asked if SAS would increase its 24.9 per cent stake in the airline,
      Reuter  -  274 words
    • 173 48 Reuter SWEDISH haulage firm Bilspedition AB is negotiating with Finland's Spontel Oy to buy all of its wholly-owned subsidiary Speditor Oy, a transport group with 1989 turnover of three billion crowns. A Bilspedition statement said it and Spontel had agreed about structural
      Reuter  -  173 words
    • 403 48  -  From Shirish Nadkarni in Bombay WITHIN A year, India has leapt from fourth position to emerge as the world's largest shipbreaking country, pushing back China, Bangladesh and Taiwan. In 1989, India stood firs! by demolishing 66 ships totalling 678,046 gross registered tons (27.4
      403 words
  • Page 31 Advertisements
    • 139 31 11l UNITED I llUl LEASING I SERVICES PTE LTD Call Tei:*****33 ANRO initiated the first regular container shipping service between Australia and South-East Asia back in 1977. In the 13 years since, we've seen a lot of competitors come. And go. Meanwhile, ANRO has grown to become the largest dedicated
      139 words
    • 28 31 Contamr SditMt 17 My t™** 17 Mb Id Advcrton 3 Staff* Gudt 10.11 Stapi Port 17 Sinffffrc fid* 17 Wertwr and Sea Condfcom 17 m ,ii 9 "Wwy
      28 words

  • Page 32 Advertisements
    • 144 32 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. You, as the purveyors of style, should know what we mean and we invite you
      144 words

  • Page 33 Advertisements
    • 1885 33 SHIPPIWG A%Vl#* 200 Ctntonnwit Road #12-06 SouOtpomt, Sinpport 0201 \lllf/ Td *****11 TELEX NO TERMINAL/CfS Td *****11 220 .KsH/' rfiss3l BOOKINGS I* *****4 235 m. IflfioSr J PESMU JARWNC SMIPPIMC aoncics SON. BHD MKi KKSfSWS bhwihiuj IMPORT EXPORT IvfgfL-VOYAg Ilbh Icha Infk I NYC \m~ wl ptjgijyorMg 52_^!£_^*. ooa freedom
      1,885 words
    • 1184 33 INDEX TOfIDVKTKKS Page Col P** Col 1 1 M'sia Shpg Corp 9 1/2 ABC Container!ine 13 5 Mercury Line 12 2 Accord Shpg 8 1-3 Mendelssohn 5 1/2 Adkris Business 16 3 MengHomgShpg 15 2 Albatros Sea-Air 14 5 «MOL 18 1/2 Alfred C Toepfer 15 5 .MOSK (Forest) 5
      1,184 words
    • 2281 33 i Voir ETA ETD 'Port 'Panang Singapore Kalang DESTINATIONS Thw »»«> Laura M 900S Cloamg Tim# fmmrlm, CV 21/S 0400 MRS M Faroo CFB 20f» 23Q0 MRS M Tauro OAK LGB HOU MEM ATI MIA CHS BAL PHL NYC MOW TOR *1 JS9 8 8 22/8 '8/8 8/9 10/9 13«
      2,281 words

  • Page 34 Advertisements
    • 1194 34 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE KOWLOON 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 I<V9 OSAKA BAY 95/598 23/8 17/9 11/9 14/9 10/9 16/9 LONOON EXPRESS 13/503 27/8 13/9 15/9 18/9 MONTE ROSA 09/502 30/8 24/9
      1,194 words
    • 580 34 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT I. FLOREANA 26/8 8/9 11/9 15/9 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOM, f>AGO PAGO, APIA NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP I. FLOREANA 26/8 29/9 30/9 3/10 AHo accaftint Cargo to Callao (Pont) via Valpa Agents: SINGAPORE: *****56 VS.
      580 words
    • 1284 34 RaiiBASIA &X9S REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBdUND F6R EUR6PE VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LHA (VIA (VIA (VIA ALG) ROT) NAM) JAPAN SEA 024-W 19/08 09/09 11/09 14/09 16/09 Mfo9 11/09 20/09 21/W NORASIA SUN 9025-3 24/08 11/09 16/09 19OS 21 09 24/09 2309 25/01
      1,284 words

  • Page 35 Advertisements
    • 1835 35 Steamers Maritime Holdings Ltd P&O TIP STRAITS SHIPPING! Containers ■ill®*!'"* 11 Vo* No P Klang S port S'tan H'fcurj I'luim ft <Um L«n ACCEPTS DUE SAILS XOWIOON BAY HHS T BNUM-12W MM IW Ml M am Mm CARGO 22 IS MERCURY PEARL VOK Muara. KK, Miri Oe,ly In P«*l Aug
      1,835 words
    • 1720 35 TO: EUROPE TO: FAR EAST SP IH ROM HAM B'HVN FLX SPORE HK KAO KOB BU CHOYANG SUCCESS 010W 19/1 4/9 7/9 1/9 10/9 11/9 CHOYANC CHANCE OttE 20/1 23/1 24/1 27/1 30/1 HANJIN HAMBURG OQ2W tilt 17/9 13/9 14/9 li/9 17/9 HANJIN LEHARVE OOOC 27/0 30/1 31/1 3/9 t/9
      1,720 words
    • 409 35 STRAITS/ JAPAN/ STRAUS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC CHAMPION ASIAN TANJUNG PIONEER TRADER STAR EMAS VOY. NO 7 11 u« 10 Spore SM 22/8 23/S 26/8 P Kelang In Pt 25/8 2S/8 Penang Hong Kong Yokohama 7/9 19/9 14/9 24/9 Nagoya 5/9 17/9 12/9 22/9 Osaka 10/9
      409 words

  • Page 36 Advertisements
    • 554 36 n^HPIK CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE VSUVOY SPO«i VOW H'BURC BREMEN ANTWERP KUTAI/20WS 23-2 M g/J 2* W* W? MATAR/UA/27W8 22-20/0 22/10 20/10 20/W 2/11 k FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subject Id hducement Atoo aocap4tog cargo to CaMbtanca, Port Said, Port Atewndrta, Ganoa. Trtoato. ALSO ACCEPTING
      554 words
    • 966 36 HANJIN SHIPPING 11 \PJ erFULL CONTAINER SERVICE tw.l ri-1 R'Kavm Ftlowe FEEDER VSL SIN LINE HAUL LAX OAK CHOYANC SUCCESS DM 19* So 7S W 10fl 11/9 CHOYANG CHANCE B4BE 21/1 H. BUSAN USE 14/0 IW9 HANJINHAI»U«C MM Wt 14/9 IV9 1M u m HANJIN LEHAVRE ONE 27/1 H. KUNSAN
      966 words
    • 1110 36 I E GUARD KOI IM »l 4* S/l {WW W W 17It 2M l«l« WJ WJ T] »H I I E GIANT RE-040 1/1 (|l 11/ i ?01 U M MH *M M® a C .i 3UO ll 2A 3/U Wl 2VU GENTRY RC -033 l/HUIHKOWM W w XUKUUfI I
      1,110 words

  • Page 37 Advertisements
    • 1410 37 Shipping Times, Wednesday August 15 19M 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 K L P (O3) E
      1,410 words
    • 1032 37 swsov 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 (RE6ul_Ah INDEPENDENT SERVICEj DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND ggg VOYACt ISPOW |mmu> HKOWt VOYAGE SPOW PKUWC H>UI>C »HAWH THJURY ROTT AITOKRP
      1,032 words

  • Page 38 Advertisements
    • 1290 38 vM i\v A mm as agents icawasaki Singapore (pte) ltd (CRNo: i244«*****0ii) V\ fh K4 TEL: *****77 TELEX: KAWAKIRS23I6S FAX *****79 \U M J HI ■\J MALAYSIA: HARPER WIRA SON BHD 4k TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. tnta wo. ~M DO •MUMS
      1,290 words
    • 1011 38 PHILI-ORIENT LINES PTE LTD I 1 (The Complete NVOCC Package) j, is AUG MONTREAL, Ottawa, toronto, VANCOUVER S"WESTERN ONTARIO. 20 AUG DUBAI, DAMMAN, KUWAIT, DOHA, winniPer MUSCAT, BAHRAIN, ABU DHABI, LONDON, THUNDER BAY, WINNIPEG, SHARJAH REG IN A, SASKATOON, CALGARY, EDMONTON, KELOWNA, 18 AUG COLOMBO, KARACHI, BOMBAY, BSifSff^RSlPhF<m NATIONS S
      1,011 words

  • Page 39 Advertisements
    • 1323 39 '"lira, HCUlirsatt) AUKU.tI W PACIFIC INTERNATIONAL LINES (PTE) LTD *****55? JV Jy SHI PIL gilding, 140 Cecil Street #03-00. Singapore 0106. Jakarta 1 [Bangkok 1 VESSEL VOY SIN JKT SIN «M fit 2ilt KOTA PAMJANG 03S8 17/B 22)1 2*/« KOTA HA OA ISN M f* DCLTA MAS IMS 1M Hit
      1,323 words
    • 1082 39 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint 11A Fax: *****63 Singapore 0208 Telex RS ***** VESSEL |VQY SPORE PKLANGT HAMBURG BHAVEN ROAM L'HAVRE Kowtoon Bay 96/595 16/8 10/9 4/9 6/9 3/9 9/9 Tokyo Bay* 99/599 18/8 Via Lex 5/9 8/9 10/9 Osaka Bay 95/598 23/8
      1,082 words
    • 324 39 M MYANMA FIVE STAR UNE (Myahmar National Line) Loading for Yangon (Rangoon) S'pore P.Ktlang Pen MYOMA YWA VI29W In ft HPA-AN VIS3W 14/16 AUG PATHEIN VIO4W li/ll AUG PAGAN VIGOW 22/24 AUG MERGUI VIOIW 30/1 SEP MYOMAYWA VI3OW 04/07 SEP THE BANKUMt (A service 0< Andrew Weir Shipping) \W SEMI-CONTAINER
      324 words



  • Page 42 Advertisements
    • 815 42 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX BRV ROM ANT HBC RST T. WIN DA M) 17/1 7/9 1/9 18/9 12/9 AMERICAN UN WFO34 21/8 13/9 14/9 15/9 17/9 I</1 0 CROTEWOHL t/90 29/8 22/9 Z3/9 25/9 2«/9 EUROPEAN SEN WFB37
      815 words
    • 1110 42 m cmmmim wg rat FAR EAST PORT KELANG 17/8 24/8 MANILA 18/8 25/8 PENANG 17/8 24/8 BUSAN 19/8 26/8 BANGKOK 18/8 A 21/8 TOKYO 23/8 A 30/8 HONG KONG 20/8 A 24/8 YOKOHAMA 23/8 A 30/8 KAOHSIUNG 19/8 A 26/8 KOBE 23/8 A 30/8 KEELUNG 19/8 A 26/8 JAKARTA 19/8
      1,110 words
    • 347 42 LOADING FOB LOAOINC FOR BUENOS AIRES VKSIL I STORE CRO DiN (AIRES WlOtO RtO STS ¥IT MOM ■OSTMENI ana*— bp 11* I» w w* SK tu> am an vu mi- IM> Mil fflll lIU- WU IBM- »u V.TBA DISCHARGING FM BRAZIL ONLY STORE MNL MR MI BUSAN YOK *GO KM
      347 words
    • 1398 42 I W CHINA OCEAN SHIPPING COMPANY I 1 "asff* FULL CONTAINER LINER SERVICE mas §Tco»,P I C> NO IITOTnUM I General Agents: COCTAE HHW PIE LID costahlini Toeunopf F*O*«UPOP« I I VESSEL,VOT SGP FIX RO* HAM ANT PKK VESSEL/VOY FIX ROT HAM AWT PKK SCP I KANC HE/1W IS* W
      1,398 words

  • Page 43 Advertisements
    • 788 43 NmON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA All IPI Destns 17/8, 24/8 EUROPE aU Ports 18/8, 25/8 BANGKOK 18/8, 22/8 1 HONGKONG/CHINA 17/8, 21/8 SYD, MEL, ADEL, BRIS 19/8, 25/8 FREMANTLE 19/8, 28/8 MANILA 17/8, 24/8 PKLG/PENANG 19/8, 27/8 Port Kalang Branch Tal: 3(*****/2/3 Fax: *****24
      788 words
    • 246 43 sspnffitrnnnsnß m wi ni ft TEL: *****33 (12 Llnaa) m FAX: *****15/*****03 fTI TELEX: R8 ***** RISHIP (3 Llnaa) m ETHIOPIAN SHIPPING LINES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOAOINQ FO« ywE ABBAY WOW 25W8 W» OAAESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA. HOOEIOAH NETSANET 20WB
      246 words
    • 1425 43 BANGKOK CEBU/MANILA ivwrn \wt ummm torn J BEKHANIK KURAKO 22* THMT 160 Sm 19N SO. ORIENT 170 230 250 NANTA BHUB 02W Fri 170 Bn 200 AAA BBUB 3«S N0 380 10 BAHA BHUBj 22N Sat 110 Bw 200 SO ORIENT 35* 310 5/9 70 SIBI BHUB# 400N Sun 190
      1,425 words
    • 331 43 TO AUSTRALIA/NEW ZEALAND VSI SiqHvi ri ■until Mkonn Sytiq 55ES D«N*a C VDWUK IS*" IS M V» M 5» antwikii aS~ m 5i v» in OS Tm twt am* 15» lac wio iiTio w?5 tmm S uji u/u mi h/m ETia m IS DATS TO MELBOURNE! TO USA/CANADA VSL tinman
      331 words

  • Page 44 Advertisements
    • 1269 44 MAC-NELS SINGAPORE!! Tti: «im»l I "'mm] TEL: (04) *****6 KK TEL: (068) *****0 TAWAU TEL: (069) *****9 P KELANG TEL: (03) *****77 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 J J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 <DXy \Z_J|JAKARTA TEL: (21) *****7 MEDAN
      1,269 words
    • 505 44 BLUE STAR LINE SINGAPORE TO J) NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIT AUCK ITT MUIBERA 16S 21 Au| 3 Sep V|» JJPL S S«p
      505 words
    • 1163 44 251TH0NGS00N LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL VOY ETD IIICT ttISH WT I ETI KH KIM SOON LI 32/90E 18 AUG PENANG JENHOL 13/90E
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  • Page 45 Advertisements
    • 693 45 COMPANIA PERUANA nSQeV DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P. Kelang Singapofe ROSEEVERETT M/ 21 Au SHAPLAEVERETT 25/27 Aug 28/29 Aug MURRAYEVERETT 11/13 Sept 14/15 Sept WrS "EVERETT ORIENT LINE"
      693 words
    • 579 45 vsi [voy Is pore Imainliner MX [KST Isav Iwyc Inrx ZIM KOPER lie 1W LIVORNO 11(1 w W *1 Zftt ZIM ELAT fOC ZIM GENOA 24/1 1/10 MO HO I*lo ZIM SINGAPORE JSC 30.1 ZIM IKRIA 7/M It/HJ 11(10 21,10 23/10 LEEWARO 4E 12/1 ZIM NEWYORK 18fl0 27/10 30/10 1/11
      579 words
    • 576 45 SING KWANG HANGI WWIW 4 TRANOPO4ITATION (FT*) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 17/8 20/8 JENWEL 20/8 23/8 VESSEL S PORE BANGKOK A VESSEL 17/8 20/8 A VESSEL I 20/8 I 23/8 DESTINATIONS ETA SINGAPORE PORT KELANG 17 AUG MANILA 22 AUG HONG KONG. ALL CHINA
      576 words
    • 514 45 PERINTIS LINE 111 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE/PONTIANAK JAKARTA SURABAYA VESSEL VOY SIM JKT SBY POMTIANAK* TANTO SEJATI II In Pt 18/08 PELOPOR 955 18/08 21/08 TANTO SEJATI 13 22/08 25/08 PELOPOR 956 25/08 28/08 TANTO SEJATI 15 29/08 01/09 TANTO UTAMA 97 17/08 20/08 TANTO UTAMA 99 24/08
      514 words
    • 423 45 H SIN FAB EAST 19/8 KEELUNG/KAOHSIUNG 19/8 BANGKOK 21/8 MANILA/CEBU 18/8 JAKARTA/BELAWAN/SURABAYA 17/8 PORT KELANG/PENANG/E. Malaysia 20/8 BUSAN 19/8 TOKYO/YOKO/KOBE/NGO/OSA 16/8 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai SjN EUROPE/UK 18/8 LDN/FLX/LVP/SOU 18/8 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Rou ma ma/Poland/Bulgaria/Czech. UN tISA/CANABA 18/8 LOS ANGELES/NEW YORK
      423 words

  • Page 46 Advertisements
    • 440 46 ~SsT CB SHIPPING MARINE SERVICES QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAMER/LCL/BREAKBULK SERVICE "ANKE" SERVICE SPE LAE MISIMA POM. T'VILLE V.1658 18 19/8 29/8 31/8 2/9 6/9 V.1758 13-14/9 25/9 28/9 1/10 4/10 MOKHKS ACCEPTED FOR EUT KM.NMTM M MWMHM WdCMW. .—S~\ PLATOU PACIFIC I It I SHIPPING SERVICES REGULAR FAR EAST
      440 words
    • 742 46 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE A.N V.13-90W 17/8/90 12/9/90 2/9/90 7/9/90 B.A V.14CW90 16/8/90 31/8/90 10/9/90 15/9/90 NC V 14-90W 20/8/90 16/9/90 6/9/90 11/9/90 KS V.15-90W 31/8/90 30/9/90 19/9/90 25/9/90 G.M. V.16CW90 9/9/90 1/10/90 3/10/90 8/10/90 V.V. V.16-90W 12/9/90 9/10/90 28/9/90 4/10/90
      742 words
    • 709 46 OcemSeruice i f &f<*l»n nUMt ICI/Kl njQ PENANGKL: allied-LINK SINGAPORE: /fH^. m 04-*****2 09-*****55 778 5522(22 lines) Xf ktoritM On* Nf/Chrtaßna Chtow AHc* YMffitftM Yao I aggMMLaHB FROM SOUTH EAST ASIA/ FAR EAST TO USG/BRAZIL/ARGENTINA _MV NORTWEEN NOVA -MV SUNDERLAND ENDEAVOUR ETA SPORE 20/8 ETA SPORE 27/8 FROM BRAZIL FROM
      709 words

  • Page 47 Miscellaneous
    • 450 47 TIDES AND WEATHER Illji [IWMMWUMPWMi i >OTIT T iWiri-j—Will Ifi»WWiWriri|WWWMIII|IW«W««I|gIWnfTWWTr ,IM, 1 ,1,, ~,,1,,11, T ,11ll l l lll 11ll l l, M 111^^ TODAY'S TIDES (hejjfrt in metres) HOUR 0000 *****200 0300 0400 0500 0600 0700 0100 0900 *****100 ***************01(00 **********00 2000 2100 2200 23M II 06 08 11
      450 words

  • Page 48 Advertisements
    • 435 48 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG TBN 25/8/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 15/8 INDONESIA COLOMBO
      435 words
    • 683 48 New helmsman to stabilise Continental, Pg 2 /ft-HYUNDAI I MERCHANT MAWNE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKC LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKC SIX LALANDIA HT 25/08 30/08 18/09 20/09 23/09 22*9 HYUNDAI INNOVATOR 2" HE "X "2
      683 words
    • 430 48 CHARTPOINT Every Saturday in Business Times UK/CONTINENT (TRIO) s*pom IrTON mburc b haven roam u* j*** u-- ?2Rs^r T ss ssszm I9RH SSSK? ™JH ufl 11* IS 1M M. H|||H MEDITERRANEAN (MED CLUB)* JEDDAM EHHfI irirr y-g- jr 5 s mm slst- a ss MIDDLE EAST (OASIS)** Wf^Km srotf DUBAI
      430 words