The Business Times, 2 November 1990

Total Pages: 46
1 46 The Business Times
  • 11 1 Business Times MCI (P) 170/12/89 Friday November 2 1990 75 c
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  • NEWS SUMMARY
    • 48 1 TAIWAN'S Cabinet has approved a Finance Ministry proposal to cut tariffs on 1.946 imported products, a Cabinet statement said. It said the tariff cuts on the products, including cars, car components, agricultural goods and precision instruments, would be implemented in early 1991.
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    • 31 1 TELECOM maintains that households and businesses in Singapore use the telephone for an average of 17 and 27 minutes a day respectively for local outgoing calls Page 2
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    • 23 1 US-BASED venture capital group Hambrccht Quist has launched a venture capital fund targeted for up to $40 million Page 2
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    • 22 1 THE TIME for financing new international projects in China is almost here, says Chinese Premier Li Peng Page 7
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    • 33 1 TRADE between the Soviet Union and Vietnam will remain at its current level in 1991, totalling some 2.5 billion rubles (US$l.3B billion), says the Soviet ambassador to Hanoi Page 7
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    • 24 1 THE Russian republic was to start a 500-day transition to a market economy yesterday, but no immediate changes were foreseen Page 8
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    • 31 1 CONFLICTING signals about Japanese car imports are threatening to trip up the European Commission in the first test of its proposed free-market industrial policy Page 8
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    • 24 1 CONGRESS and the White House have once again postponed the date by which the federal deficit must be eliminated Page 8
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    • 25 1 OBSERVANT, intelligent and funny, Malaysian humorist Lat's cartoons have an avid following in Singapore as well as in Japan Page 17
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    • 36 1 BUOYED by the boom in regional construction activity, cargo volume at Singapore's Jurong Port has picked up substantially since the beginning of the port's financial year in April. Shipping l imes Page I
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  • MARKETS SUMMARY
    • 25 1 NEW YORK share prices opened higher yesterday with the Dow Jones Index gaining 5.70 points to 2,448.02, five minutes after the opening bell.
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    • 52 1 LONDON share prices were down at midday yesterday, after the Treasury and the Bank of England said it would be inappropriate to cut, the base rate of 14 per cent. At about 1215 GMT. the Financial Times-Stock Exchange 100Share Index was down 9.4 points, or 0.5 per cent,
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    • 26 1 PARK MALL, Wing Tai Holdings' new concept for Supreme House, is pitched between The Paragon's expensive image and Scotts' younger fashion look. Page 3
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    • 28 1 ELECTRO-MAGNETIC, entering its fifth day of suspension today without any indication of when an announcement is expected, owes shareholders and investors an explanation Page 3
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    • 20 1 CITICORP is likely to lay off about 2,000 middle-ranked employees by the end of the year Page 6
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    • Article, Illustration
      29 1 Thursday Change BT-MC.A 562.61 -8.56 Kuala Lumpur 480.86 -11.25 Hongkong 2,968.74 -22.22 Tokyo- 24.295.16 -898.94 Sydney 1.303.0 -24.2 Wednesday Change New York 2442.32 -5.7 London 2050.3 +16.4
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    • 18 1 Exchange rates US$ SSI.7105 Yen SSI.3077 MS SS0.6330 Money market rates Overnight 6-3/4 +7/8 3-montn 6-9/16 unch
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    • 35 1 London Gold AM fix US$380.10 US$0.85 Rubber S'pore Dcc !53.25'/kg +1.50 M'sia l)cc 239.00Vkg +1.50 KL Tin Turnover 27 tonnes +11 Spot M$16.48/kg +13 Crude palm oil Turnover 2,041 lots +1,140 Nov M$740/tonne +15
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  • 382 1  -  Liability to depend on position in company By Magdalene Ng EXECUTIVES or substantial shareholders of the companies they work for may have to pay tax on interest subsidies on staff loans from next year. According to a circular by the Commissioner
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  • 170 1 PRICES on the local bourse fell again yesterday on growing anxiety over increasing tensions ir\ the Gulf and a poor performance on the Tokyo stock exchange. The Nikkei-225 index of Tokyo stocks fell 3.57 per cent as the yen closed weaker against the dollar for
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  • 409 1 The Gulf Crisis Agencies IN SPITE OF US congressional pleas to go slow, the Bush administration is making a steady stream of warlike remarks which may be jangling nerves in Baghdad. "The American Hag is flying over the Kuwaiti embassy, and our
    Agencies  -  409 words
  • 274 1 Reuter THE Bundesbank is raising its Lombard rate to 8.5 per cent from 8.0 per cent, effective today. The German ccn ,r al bank said yesterday that it would set its next repurchase tender at a fixed rate of 8.0 per cent, departing from
    Reuter  -  274 words
  • 372 1  -  By Schutz Lee TWO SCHEMES will soon be launched by the government to reinforce the productivity culture amongst companies in Singapore. The first is the Improving Quality or IQ Programme for local manufacturers and the other the National Productivity Board (NPB) Corporate Membership scheme.
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  • 147 1 Si NGAPORE's third quarter economic performance was "not so bad", said Trade and Industry Minister Hsien Ivoong yesterday. The growth data are still being finalised and details will be released in about two weeks' time, he said. Brigadier-General (Res) Lee was speaking
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  • 106 1 IN SEPTEMBER, Australia's Bond Corporation announced the largest annual corporate loss in the country's history. Alan Bond, for so long a by-word for aggressive entrepreneurship, was forced to step down as chairman and director. Last week, B Ps Kenneth James met a much relaxed Mr
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  • Page 1 Advertisements
    • 294 1 n g tailors l i.l —1 Aircraft Schedule 27 Money Market 25 World Stock Markets 24 Commodities 26 Regional News 7 Cryptic Crossword 27 Regional Stock Markets 23 Editorial 10 SES 18. 19 For market indices, editorial. Financial News 6 Share Information 20 advertising and circulation ex Futures Options 25
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    • 159 1 Bush opting for diplomacy for now, Pg 8 IMF expected to boost loans for states, Pg 8 THE NEXT TIME you see in golf shoes, in colour. hired help. someone lugging three Personal Finance Jobs chandeliers into his car. don t Investment •The Exit Interview presume that hes heading •Sterling:
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    • 57 1 Quadruple Zoom Auto Two Color M,NO rA ■k<. Elf? iM y* j- ETIENNE AIGNERSHOPS > 01-03/04 DeHi Orchard Tel: *****00* #01-02 Shaw Centre Tel: *****41 >01-20 Scotts Shopping Centre Tel: *****42 L 7 *61-08 Palais Renaissance Tel: *****84 »01 -368 The Parogon Tel: *****39. DEPT STORES Daimaru Isetan (Wismot Metro
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  • HOME NEWS
    • NEWS ROUNDUP
      • 113 2 T ELEVISION and radio licence fees will go up from Dec I, the Singapore Broadcasting Corporation said yesterday. This will give the corporation an additional $12 million a year in revenue, which will go towards funding improvements in programmes, equipment and training.
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      • 83 2 FIRST Deputy Prime Minister Goh Chok Tong will be in Brunei Darussalam today and tomorrow on an unofficial visit. He is accompanied by the Minister for Home Affairs and Law, Professor S Jayakumar, and senior officials,4he Ministry of Foreign Affairs said yesterday. During the visit, Mr
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      • 50 2 THE board of directors of Mendaki, the council for the development of the Muslim community, has approved the doubling of the organisation's staff training budget, chief executive officer Zainul Abidin Rasheed said yesterday. The board also approved a budget of $130,000 for community relations and rapport.
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      • 61 2 ASEAN accountants will break away from the narrow confines of their profession to discuss regional and international economic issues when they meet in Singapore later this month. The theme of the 7th Asean Federation of Accountants (AFA) Conference, to be held from Nov 12 to 14 at
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      • 39 2 AMERICAN Express International has launched its second American Express Journalism Awards. The scheme, which recognises high quality newspaper journalism, awards three cash grants of $15,000 each to winners in three language categories Chinese, Malay and English.
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      • 36 2 THE Second Ministry of Health-Royal Children's Hospital Update will be held tomorrow and on Sunday. The Update is part of the ministry's on-going medical education programme for doctors in the public and private sectors.
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      • 63 2 THE Singapore Hotel Association (SHA) and Mansfield International Conference Exhibition Organisers (MICEO), a member of the Straits Steamship Group, will jointly organise an exhibition on careers and products in the tourism industry in January next year. "Tourism Showcase 91" aims to address directly the acute labour problem
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    • 275 2  -  Survey shows households use lines for 17 minutes a day on average By Dexter Lee SINGAPORE TELECOM has maintained its claim that households and businesses here use the telephone for an average of 17 and 27 minutes a day respectively for local outgoing calls. These conclusions
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    • 242 2 THE ability to manufacture products of a quality appreciated by the customers this is the key to the success of Amtek Engineering Ltd. For its achievements, the local manufacturer of precision metal stamped parts and precision tools for multi-na-tional corporations was yesterday v
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    • 262 2 TWO LOCAL companies have invested $7 million to set up the first manufacturing plant in Singapore to produce polyols. a plastics raw material. Asia-Pacific Polyol (APP) is a joint venture between shipowner and bunker operator Coastal Bunkering Services and trading and manufacturing company Innocommcrce. APP
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    • 255 2 Hambrecht Quist launches venture capital fund US-BASED venture capital group Hambrecht Quist yesterday launched a venture capital fund targeted at a size of up to Ss4o million. Half of the proceeds raised from the fund are expected to be invested here and in Singapore-linked companies. The new fund, H&Q Asia
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  • Page 2 Advertisements
    • 115 2 a NOW YOU CAN FLY NON-STOP TO SYDNEY GULF AIR STYLE. giliiJlCjljJb Time's ni'vvr Ixvn .1 nitirr Cll|liv.ilili' way 10 llv to Hiilhts <K-part tor Sulm-v. ewrv Ihi 11M Li v ,irul SjkitJ.iv. li s .ill Mr 1 .111 nm\ tlv vimi t. >I. >1H .lest illation* wollilu nl»\ So
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 396 3  -  By Suzanne Soh THE RETAIL PODIUM of Park Mall, which Wing Tai Holdings is now reshaping out of the old Supreme House, will be positioned just below the upmarket Paragon. Modelled after London's exclusive Burlington Arcade, Park Mall's
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    • 402 3 But he is a figure in dispute CAUSEWAY Investments director Mr Sia Leng Yuen has clarified that he is not, and never was, a director on the board of Lucky Man Properties, the Hongkonglisted company in which In-no-Pacific Holdings recently acquired a 26.3 per
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    • 604 3  -  THE HOCK LOCK SIEW COLUMN By William Chia INVESTORS are finding the silence surrounding videotape housing manufacturer Electro-Magnetic (S) Ltd (EMS) deafening as trading in the company's shares enters its fifth day of suspension today without any indication of
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    • 245 3 WING TAI Holdings' independent directors have been advised to recommend that shareholders vote in favour of buying three British Virgin Islands-incorporated companies in spite of changes to the original terms of acquisition. Standard Chartered Merchant Bank Asia (SCMBA), the independent directors' adviser in
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    • 266 3 THE INSURANCE Corp of Singapore is selling one floor of office space in Parkway Parade for $9.33 million. An option was granted to a company called Kalash Investments on Oct 26 to buy the space. The sale is expected to be completed
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    • COMPANY BRIEFS
      • 35 3 KAY HIAN JAMES Capel and Provision Suppliers Corp have been added to the Central Provident Fund Board's list of trustee stocks with effect from Oct 31. 1990.
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      • 45 3 THE HOUR GLASS will open today its second outlet in Kuala Lumpur, bringing the total number of local and overseas outlets to 12. The new boutique is located in Lot 10 Centre, a shopping complex in KL's Golden Triangle.
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      • 86 3 FOUR COMPANIES yesterday announced new directors to their respective boards. DBS Bank appointed Robert Joris Willem Walvis as a director with effect from Oct 29 while Amtek Engineering has appointed Francis D'Costa and Wong Lin Hong as non-executive directors from yesterday. Over at First Capital
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      • 29 3 AMALGAMATED Steel Mills Bhd will develop the foreshore land in Melaka for tourism-related projects as soon as it can, chairman Tan Sri Zain Hashim said vesterdav.
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    • 281 3 NST MALAYSIAN International Shipping Corporation (MISC) has deferred its plan to buy new tankers and is instead looking at the secondhand market. MISC managing director Ariffin Alias said while the Gulf crisis has adversely affected the bulk freight rates, new ship prices have remained
      NST  -  281 words
  • Page 3 Advertisements

  • REGIONAL COMPANY NEWS
    • 585 4 Charges arise from BMFL loans scandal RAIS SANIMAN, ex-director of Bumiputra Malaysia Finance Limited (BMFL), may, within the month, be flown back to Hongkong to face 33 fraud and deception charges involving billions of dollars reported the South China Morning Post on Wednesday.
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    • 435 4 AFP THE SOUTH Korean government's decision to award a little-known construction firm the control of South Korea's first private television network came under heavy criticism yesterday, with critics hinting at a political deal. Taeyoung Corp will receive 30 per cent of the shares
      AFP  -  435 words
    • 286 4 AP A JAPANESE company has agreed to pay a total of 460 million yen (US$3.5 million) for 41 victims of arsenic poisoning. which was blamed on mining operations in a case first taken to court 15 years ago, officials said on Wednesday.
      AP  -  286 words
    • COMPANY BRIEFS
      • 103 4 MOST OF EIGHT leading Japanese paper-pulp manufacturing companies have reported a substantial fall in pre-tax earnings for the half year ended last Sep 30, reflecting sluggish sales and higher interest rates. Six of the eight firms reported sharp fall in net income ranging
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      • 87 4 Wilson Horton buys Listener WILSON and Horton Ltd, one of New Zealand's largest publishers, has bought the New Zealand Listener weekly magazine, the New Zealand Herald reported in Auckland yesterday. Wilson and Horton own the Herald, the country's biggest-selling newspaper.and the New Zealand Woman's Weekly. The company did not reveal
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      • 96 4 THE DESIGN of the first bridge across the Mekong River on the Thai-Laotian border is to be discussed soon, Australian Ambassador to Thailand Richard Butler said on Wednesday. The design, which is part of a feasibility study to be completed next week, is scheduled to be
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      • 32 4 JAPAN'S Toyo Engineering Corp has bought knowhow on ways to control temperature and humidity inside a manned spaceship from the Soviet space authority, a company spokesman said.
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  • Page 4 Advertisements
    • 197 4 Toshiba laptops. TODAY THEY'RE EVEN LIGHTER TO PICK UP. TIOOOSE TIOOOXE PLUS 1 additional |#*<*• 1 PLUS 1 ™SHIBA external TOSHIBA battery pack \> I FDD (3.5 $2050 S S IS $3160 PLUS 1 additional TOSHIBA ,Tc i battery pack and 1 TOSHIBA I ■■SsiS Tn P additional internal modem
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  • INTERNATIONAL COMPANY NEWS
    • 457 5 Reuter SOLICITORS acting for Asil Nadir, chairman of Polly Peck International pic, were again to ask the British courts yesterday to order the Serious Fraud Office (SFO) to give details of its enquiry into his affairs. A solicitor from Vizards, acting
      Reuter  -  457 words
    • 185 5 FT REUTERS HOLDINGS on Wednesday announced 300 redundancies, two-thirds of them in the UK, and the postponement of phase two of its automated trading system for foreign exchange, Dealing 2000. About 200 jobs will be lost in Reuters' London headquarters, 50 will go in the
      FT  -  185 words
    • 47 5 Harold Evans, who quit as editor of the Times of London after repeated fights with publisher Rupert Murdoch, was named to head the Random House publishing group on Wednesday. Random House plans to publish the Murdoch memoirs. Reuter picture Reuter picture
      Reuter picture  -  47 words
    • 536 5 NYT TWO HUNDRED executives of North American car parts makers fell into a stony silence in Nagoya, Japan, the other day when Osamu Obata, a Toyota Motor Co official with little use for traditional Japanese indirection, made it clear that what was good enough
      NYT  -  536 words
    • COMPANY BRIEFS
      • 94 5 CHEVRON CORP will begin accepting bids for its oil and gas exploration and producing properties in Oman. Its key asset in Oman is the Safah oil field with production of about 25,000 barrels a day. The company said that under profitsharing agreements with
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      • 104 5 CAMPBELL SOUP CO LTD said the economic outlook in Canada and the US is uncertain at best but that most of its businesses "are resistant to changes in the economy". "We expect to continue to maximise the returns on our investments in advertising and promotional support to
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      • 102 5 Marks Spencer profits up RETAILER Marks Spencer pic improved profit figures will provide little comfort for Britain's ailing retail sector, stores analysts say. A 10.3 per cent rise in half-year pre-tax profit to £230.3 million earlier on Wednesday proved that market leader M&S can hold its profit maigins even in
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      • 76 5 THE American Stock Exchange has halted trading in Trump Taj Mahal's 14 per cent first mortgage bonds due 1998 because the company would not confirm whether it would meet the Nov 15 interest payments. Trump Taj Mahal, a unit of The Trump Organisation, has U5547.2
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      • 66 5 AMERICAN Telephone and Telegraph Co chairman and chief executive officer Robert Allen expects the company's Universal Credit Card unit to be profitable at the short end of the two to four year range typically experienced in the industry. Mr Allen also said that the company has
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      • 62 5 GENERAL MOTORS CORP will permanently close four US assembly plants, accounting for the major portion of a special third-quarter change of US$2.l billion. GM chairman Robert Stempel said: "The restructuring is a major element in GM's long-term strategic plan to improve the competitiveness
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  • Page 5 Advertisements

  • FINANCIAL NEWS
    • SMALL CHANGE
      • 96 6 THE European Investment Bank is lending £150 million towards the construction of a second bridge linking England and South Wales across the Severn river. The 19-year loan is for Severn River Crossing pic, a company jointly owned by British engineering firm John Laing pic and
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      • 75 6 LEADING US banks, including those owned by Chase Manhattan Corp, Chemical Banking Corp and Manufacturers Hanover Corp, are fighting to survive as independent instituThe Washington Post, quoting banking executives and analysts, reported yesterday that mounting losses will force most of the so-called money-centre banks to shrink in
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      • 57 6 AJjQEMENE Bank Nederland NV, a unit of ABN Amro Holding NV, is considering selling its insurance subsidiary R Mees Zoonen Assurantien BV to a large foreign insurer. ABN said in a statement from Amsterdam yesterday that first contact with potential purchasers had been made, but the
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      • 68 6 US Treasury Secretary Nicholas Brady has asked the Oversight Board, which oversees thrift bailout policy, to find ways to reduce the cost of delaying the savings and loan rescue aftet Congress failed to vote extra money before it adjourned. RTC chairman William Seidman said on Wednesday that the
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      • 70 6 THE Ministry of International Trade and Industry (Miti) in Japan will start providing a new type of trade insurance early next year to increase the number of firms using trade insurance. A Miti official said yesterday that it will simplify procedures for insurance applications. It will set
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      • 57 6 BANK of Tokyo Ltd said yesterday that it had revised downward its estimate of parent company net profit to 26 billion yen in the first six months to Sep 30, 1990, from a May forecast of 33 billion. The 26 billion would be down 20 per
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    • 210 6 Reuter BIDS made by Belgian insurer Groupe Royale Beige for small savings bank La Fonciere Liegeoise and for group insurance subsidiary Urbaine UAP in Belgium are part of a wider strategy being formulated by the company. "The two operations are taking place
      Reuter  -  210 words
    • 385 6 UPI CITICORP, pressured by troubled real-estate loans and declining corporate business, expects to lay off about 2,000 middle-ranked employees by the year's end, according to a spokeswoman on Wednesday. Spokeswoman Ann Luzzatto said in New York that the 2,000-job figure
      UPI  -  385 words
    • 351 6 UPI PROFITS in America's banking industry, now burdened by waves of massive layoffs and rounds of belt tightening, declined by 52 per cent during the third quarter, a Virhginia bank research company said on Wednesday. The economic slowdown in New England, the
      UPI  -  351 words
    • 446 6 NYT MANUFACTURERS Hanover Trust Co has sued the Equitable Life Assurance Society of the United States, claiming that Equitable failed to meet its financial obligations to a real estate partnership when it forced the partnership into bankruptcy two weeks ago. The bank is seeking US$lOO million
      NYT  -  446 words
    • 497 6 Reuter THE Federal Deposit Insurance Corp of the US rejected a bid by investors to buy its remaining 26 per cent stake in Continental Bank Corp, a Continental spokesman said. The bid was made by outside investors and certain members of Continental's
      Reuter  -  497 words
    • 300 6  -  By Diana Oon GERMANY'S fourth largest bank, Westdeutsche Landcsbank Girozentrale (WestLß), has opened an offshore branch in Singapore to gain a firmer foothold in Asia. The bank will also use its Singapore branch to introduce Singapore businessmen to investment opportunities in the eastern part
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  • Page 6 Advertisements
    • 324 6 i /<££* 0 ANNIVERSARY Ah 2nd Series of Hua Tuo's Ancient Recipes n^ rK ,h delicacies include: YWNAN BEANCURD double lucky draw from 1/11/90 to STEAMED EGG CUSTARD As a gesture of thanks to our clients, CORDYCEP SNOW-FROG we will be launching the second series of Hua 24 HERBAL COOLING
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  • Page 6 Miscellaneous

  • THE REGION
    • 438 7 Chinese PM seems satisfied with growth in first nine months THE TIME for financing new international projects in China is almost here, said Chinese Prime Minister Li Peng. According to the South China Morning Post on Wednesday, Jean-Yves Haberer, the chairman of France's Credit Lyonnais
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    • 330 7 THAILAND'S Board of Investment (Bol) has approved promotional measures to boost investment in underdeveloped provinces. The Nation reported on Tuesday that the measures included reduced tariffs and more generous tax exemptions and were in line with a government decision to cut machinery import taxes by 5
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    • 224 7 Bernama JAPAN'S business community welcomed the results of the recent Malaysian elections and said the country is one of the most popular destinations for Japanese businessmen and for their capital outflow. The business leaders said they were happy with the election results which ensured
      Bernama  -  224 words
    • 258 7 MoscowHanoi trade stable AFP TRADE between the Soviet Union and Vietnam will remain at its current level in 1991, totalling about US$l.3B billion, the Soviet ambassador to Hanoi said on Wednesday. But trade between the two countries, both members of Comecom or the socialist bloc common market, would from next
      AFP  -  258 words
    • NOTE BOOK
      • 60 7 PRIME MINISTER-ELECT Jim Bolger announced his National Party government yesterday, including Ruth Richardson as New Zealand's first woman finance minister. Mr Bolger also announced his deputy Don McKinnon would be foreign affairs minister while Winston Peters, an indigenous Maori who had constantly attacked Ms
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      • 62 7 VIETNAM has begun building its first export processing zone, a 50-hectare site in Ho Chi Minh City. The official Vietnam News Agency said ground construction was expected to be completed by the end of the year. It said the zone was designed particularly for wholly
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      • 99 7 NEW ZEALAND PARENTS could save money by registering their children as sheep, according to economist Bfiati Easton. As sheep, their food, accommodation and other expenses would be tax-deductible, Mr Easton told the national conference of the Plunket Society, a semi-official child-care association, on Wednesday. Mr
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      • 62 7 AFTER SENDING TROOPS to raid rebellious Buddhist monasteries, the Myanmar government has banned unauthorised monks' groups and threatened offenders with up to three years in prison. Prime Minister General Saw Maung issued the law on Wednesday banning all groups except those that had been formed
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      • 92 7 AUSTRALIA, Canada and New Zealand on Wednesday castigated the UN Secretariat for failing to appoint women to senior posts in what they said was an unacceptable violation of the UN Charter. Australian Ambassador Peter Wilenski, speaking on behalf of the three nations, told a General Assembly
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      • 81 7 VIETNAMESE PRIME MINISTER Do Muoi is to visit Bangkok later this month for talks with Thai leaders, officials in Thailand said yesterday. Mr Do Muoi, who a member of Vietnam's ruling Communist Party politburo, will be the most senior leader from Hanoi to visit Thailand
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  • THE WORLD
    • WORLD WATCH
      • 111 8 THE 13-MEMBER Caims Group of farm nations will consider quitting the Uruguay Round of world trade reform negotiations at a ministerial meeting in Geneva this weekend, a senior Australian official warned in Washington on Wednesday. The Group's discussion comes at a time when the
        111 words
      • 79 8 THE HEAD of the German Bundesbank has criticised the decision taken last weekend by EC leaders to fix a date for the second phase of European monetary union without giving clear guidelines of what it actually meant. Karl Otto Poehl said in a speech in Berlin
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      • 77 8 NORTH KOREA has warned that any attempt by the Seoul government to seek separate United Nations membership will rupture the current dialogue between the two countries' prime ministers. North Korean UN ambassador Pak Gil Yon on Wednesday reiterated his country's position that the two
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      • 92 8 POLAND and Germany have agreed on a draft treaty guaranteeing Poland's post-war borders but set no date for signing if. "A German statement issued on Wednesday after two days of negotiations in Warsaw said a timetable had yet to be fixed for signing both the border
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      • 80 8 IN SPITE OF repeated government efforts to close loopholes, some wealthy Americans are still able to scrape together enough deductions to avoid paying any US income tax. The US Internal Revenue Service said on Wednesday that of 5J7,848 couples and individuals who reported income of US$2OO,OOO
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      • 69 8 NICARAGUAN PRESIDENT Violeta Chamorro has fired central bank president Francisco Mayorga, the architect of the administration's free-market economic plan. A government statement released in Managua said that Raul Lacayo, formerly the vice-president of the central bank, had been promoted to Mr Mayorga's post. It is the
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      • 63 8 GERMANY'S highest court has struck down state laws that would have let foreigners vote at the municipal and community level. Many among the nearly five million foreigners in Germany have claimed that they should be allowed to vote, after establishing long-term residency. Chancellor Helmut Kohl's
        63 words
    • 433 8 No immediate changes expected AP THE RUSSIAN REPUBLIC was to start a 500-day transition to a market economy yesterday, but no immediate changes were foreseen. The Russian Parliament mandated no specific steps when it voted on Wednesday to start the plan the next
      AP  -  433 words
    • 234 8 AP CONGRESS and the White House have once again postponed the date by which the federal deficit must be eliminated. But in their latest change in the budget law, they have included something new that is drawing raves from some fiscal experts: tight spending
      AP  -  234 words
    • 254 8 The Gulf Crisis Reuter US PRESIDENT George Bush, in spite of a broadside against Iraqi leader Saddam Hussein, says he still pins hopes "for now" on diplomacy to end the Gulf crisis but Baghdad insists he is on the verge of going to war.
      Reuter  -  254 words
    • 349 8 Reuter THE INTERNATIONAL Monetary Fund (IMF) is expected to enlarge and broaden its multi-billion-dollar lending programmes today to help developing states weather the financial fallout from Iraq's invasion of Kuwait, say monetary sources. While the changes will be largely technical, they could
      Reuter  -  349 words
    • 301 8 Reuter CONFLICTING SIGNALS about Japanese car imports are threatening to trip up the European Community's Executive Commission in the first test of its proposed free market industrial policy. The European Commission is threatening to open the flood gates to unlimited Japanese car
      Reuter  -  301 words
  • Page 8 Advertisements
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    • 6 8 Making trade truly international, Pg 10
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  • Page 9 Advertisements

  • 447 10 EDITORIAL EORGE Orwell was concerned some time ago about the murder by the W British of the English language. The Bntisn, not surprisingly, are still self-critical about misusing the English language themselves. Similar concerns over the proper usage of Mandarin are nowadays shared by Singaporeans. Mr
    447 words
  • WHAT THE OTHERS SAY
    • 228 10 MS BENAZIR Bhutto lost dismally in the general election in Pakistan last week. She alleges that the election was massively rigged. A team of French observers concurs with her that "highly sophisticated fraud" occurred, but their view is contradicted by the Washington-based National Democratic Institute, which
      228 words
    • 125 10 THE ASEAN Economic Ministers Conference in Bali ended with an upbeat note on the future prospects of the region. But it has also noted the growing threat of trading blocs that may hamper international trade. However, the most important challenge to Asean, once the Cambodian conflict
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    • 122 10 THE CRUSHING defeat of former Prime Minister Benazir Bhutto in Pakistan's elections has cast doubts on whether her Pakistan People's Party (PPP) would be the country's effective opposition party. Despite her claim that the elections were rigged, any evidence of fraud would still not alter the results
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  • REGIONAL VIEWPOINTS
    • 164 10 THE GOVERNMENT should retract the United Nations Peace-Cooperation Corps Bill. Deliberations in the Diet have revealed that the Bill is too full of serious defects and contradictions to be corrected with minor revisions. Our greatest concerns with the Bill include the following: 1 The corps would be
      164 words
    • 150 10 THANKS MALAYSIA! This is what many victims will be saying as more buildings use natural rubber bearings to cushion the impact of earthquakes. Malaysian technology helped save countless lives when the Foothills Communities Law and Justice Centre in San Bernardino remained intact during the 5.5 Richter scale
      150 words
    • 159 10 WHEN BURMA'S military junta called an election in June, it was widely feared a regime with so much blood on its hands might cheat and claim victory. However, even before polling day, the so-called State Law and Order Restoration Council began hedging its bets by indicating that
      159 words
  • 787 10  -  What must the Soviet Union do to join the global marketplace? Igor Faminsky puts forwards his formula Igor Faminsky Igcr Faminsky is the director of Moscow's State Planning Committees Institute for Economic Relations and is currently drafting regulations designed to encourage investment in the Soviet Union.
    UPI.  -  787 words
  • Page 10 Advertisements
    • 48 10 PAUL THEROUX Never in his previous work has the current of feeling run so deep, the writing been so powerfully driven, the vision of life so sharply focused, as in this extraordinary novel' Jonathan Raban in the Observer A Penguin Book Available at all good bookshops STP Distributors
      48 words
    • 210 10 AUTO-ID ASIA'QO The International Automatic Identification and Bar Code Technology and Eauipment Exhibition for South East Asia November 2-5, 1990 111 111 WO,<d Trode Cen,re HaM 2 sin 9 apore Eld The IT Event With A Difference I I Don't miss Singapore's only IT event which covers I I the
      210 words
  • Page 10 Miscellaneous
    • 97 10 DOONESBURY by garry trudeau YOU SHOULD HAVE SEEN THE OH, CZAR. SUCCE&OR? LACEY, VENTURA THANK YOU, LACEY, THEY DISTRICT OFFICE, 9095! IT'S THAT ItUCtfT YOU PONT HAVE A ANNOUNCED, BUT HE OUACS PEAR. YOU LOVB YOU! PACXEP WITH YOUR FORMER 4, PO. 1 BETTER SUCCESSOR IN PL BURNED IN EFFIGY
      97 words

  • ANALYSIS
    • 766 11 The Thatcher government wants to change the way British schoolchildren are educated Reuter THE British are trying to do something about the way they educate their children. "We all, by and large, agree that our educational system is the worst in Europe,"
      Reuter  -  766 words
    • 1170 11  -  Australia's troubled tycoon Alan Bond was in Jakarta last week, where he talked to Economics Correspondent Kenneth James about life after (the old) Bond Corporation, and quite a few things besides Kenneth James JAKARTA isn't exactly where one would expect to find Alan
      1,170 words
    • 811 11  -  Patrick L Smith reviews the book "Mitsui: Three Centuries of Japanese Business" by John G Roberts Patrick L Smith Patrick L Smith is the Tokyo bureau chief of the International Herald Tribune Copyright: All Asia Review IT is the season of family dynasties, it seems: this
      811 words
  • Page 11 Advertisements

  • Page 12 Advertisements
    • 596 12 ADVANCE AUTOMOBILE PROUDLY PRESENTS ANOTHER WINNER. THE CITROEN XM CAR OF THE YEAR 1990. DESIGNED TO TAKE YOUR BREATH AWAY... I MAKE YOUR HEART MISS A BEAT. BUILT TO FULFILL YOUR DREAMS. THE CITROEN XM. VERY BEAUTIFUL. VERY INTELLIGENT. T>. "The new big Citroen I i e The Citroen XM
      596 words

  • SPORTS
    • 636 13 Paris Open AP THE three top seeds Stefan Edberg of Sweden, Germany's Boris Becker and Ivan Lendl of Czechoslovakia continued their battle for the number one position in the world tennis rankings as they advanced on Wednesday in the second round of the US$2-million Paris
      AP  -  636 words
    • 351 13 AP PELE, the legendary "O rey" of international soccer, made an emotional one-night comeback on Wednesday in an exhibition match organised at Milan's San Siro stadium to celebrate his 50th birthday. Wearing his mythical No 10 jersey of the Brazilian national team, Pele played
      AP  -  351 words
    • 236 13 AP EUROPEAN professional golfers beat their American counterparts 8-4 and Japan and Australasia were tied 6-6 after the first round in the US$l.l5 million Four Tours World Championship of Golf in Inagi, Japan. Each PGA Tour team has six players. The winners got
      AP  -  236 words
    • 320 13 AP WHILE he awaits the time and place for a more serious confrontation, Evander Holyfield is getting in some early jabs at George Foreman. Verbal jabs. The usually dour Holyfield said this week that he was anxious to face Foreman all 250 or more
      AP  -  320 words
    • SIDE LINES
      • 99 13 AUTO racing's governing body FISA on Wednesday established a special safety council in the wake of numerous accidents on the Formula One circuit in recent months. It said it was moved to set up the commission because of "the behaviour of certain drivers" which
        99 words
      • 102 13 COACH Cotton Fitzsimmons wants to make sure his Phoenix Suns are not burned out tonight when they open the season against Utah in Tokyo. "I want to make sure this team is sharp," Fitzsimmons said before the Suns flew to Japan for the first regular-season National
        102 words
      • 50 13 AWESOME forward strength was the key to a comfortafefcr, 22-6 win for the Young Wallabies over England V their opening European tour match in Stratford-on-Avon«pcM! Wednesday. But their success was marred 10 minutes time when prop Geoff Didier was sent off for punchng. Cambridge University's Richard Wareham.
        50 words
      • 136 13 CLAUDIA PORWIK and Liz Smylie made Pam Shrivajfel first tournament appearance since undergoing surgery a one with a doubles victory in the USS 150,000 Virginia of Nashville on Wednesday night. Porwik and Smylie Shriver and Elise Burgin 6-3, 6-1 in the final doubles matcnflgg the night. Shriver, 28,
        136 words
      • 125 13 A HOME TEAM led by champion Raul Alcala, closely lenged by Soviets, is the oddson favourite in the Mexico cycling race that starts today in the northern Nuevo Leon. Now in its 34th year, the giant race has the foremost cycling event in the Americas, attracting abwC
        125 words
      • 91 13 LENNOX LEWIS spun his own piece of boxing witchcrafts win the European Heavyweight Championship by stopfJpgL*£ French holder Jean-Maurice Chanet in six rounds at Palace on Wednesday night. Lewis outclassed and outpuncfigjl Chanet to win the title in his 14th fight and take a place in
        91 words
  • Page 13 Advertisements
    • 110 13 n THE SPACE-AGE DIFFERENCE From the down to sole the H V H Hi Tech grafted to make the game of golf that much more enjoyable I I H graded for H HL HI categories P R O G E A ~R n Available at *1 GOLF LEISURE GRAND BIGWIN
      110 words

  • Page 14 Advertisements
    • 232 14 'Xi HT lift [i]■ lilMKLjlE^^^^^^H^^^^^l^^Hr«oflMEK*^^^^l Not, admittedly, an easy decision to make. Like the 750 i, the 850 i is powered by a 5-litre, fuel-injected 12- advanced electro-hydraulic suspension system, ensure that even at On the left, the BMW 750 i, hailed by many as the classic cylinder engine. A
      232 words

  • Page 15 Advertisements
    • 200 15 lfli^il?Rl7[¥V?7[TTTT^v7^^^^^^^^H 5-litre, fuel-injected 12- advanced electro-hydraulic suspension system, ensure that even at act as air-flow spoilers keeping the mirrors and side windows clean. ■00 bhp, and in the case high speeds the hubbub of the outside world never intrudes upon This combination ofadvanced technology and equally advanced AfiH jfljk Breathtaking
      200 words

  • Page 16 Advertisements
    • 287 16 WHEBE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTEBTAIN WHEBE TO WINE, DINE Didn't I see you at Scandals? Kvcry Thursday: Indies Night. F.vcry Night: The place tos«? and he seen. Scandals, Singapore's most sophisticated club and meeting place. For details on membership, call 330 8310 fHI
      287 words
    • 361 16 Smoking hot cuny claypots spice up the poolside menu Treasured recipes from our Singapore chefs are used to highlight the poolside menu. Spicy and mouthwatering curries are offered daily by the poolside on the fifth floor of Regency Terrace from 11.00 am till 9.45 pm. All claypots are served with
      361 words
    • 306 16 Seafood Theatre Restaurant Cantonese-That C ursine MAKE sTf- NO BONES 'fe ABOUT IT. V.- OIISfTMtNUSAIE VAIUE-FO^MOMEV. i 'X, .7 A rare treat indeed! Exotic Cantonese-Thai cuisine served to you at the most affordable prices. In a variety of set menus for 2-10 persons. For as little as $50 Tempted? Call
      306 words
    • 404 16 PERFORMED DAILY AT A THE PINE COURT J&tßj Amidst Imperial splendour, our chefs 'iffj stage their hlghly-acclalmed performance 'lUi f Be^n B cuisine to the satis y s *Wft ft! faction of demanding diners To guarantee ?Xf *Wd your place amongst the dlscemlng. make I 1| your reservations early. Mr
      404 words
  • Page 16 Miscellaneous
    • 702 16 TELEVISION AND RADIO "IV TVI /M 71 AP SBCI2 f M.IS IMeil WoMi Euan Sejant. Kuala l.umpur" I 'BUSINESS ON RADIO IVIdCdDIC mOVieS Ek™ Wh FriradS BBC, 89.9 mHz In VHF Band II Women of Design: 2) Lifting 10.30 Friday at the Monies 0.00 News. 7.10 am. 9.25 am. 1.30pm,
      702 words

  • LIFESTYLE
    • 970 17  -  Observant, intelligent and funny, Lat's cartoons have an avid following in Singapore as well as in Japan. Michael Richardson reports on the appeal of the Malaysian humorist. Michael Richardson IHT WHEN Queen Elizabeth of Britain and her husband, Prince Philip, visited Malaysia last year,
      IHT  -  970 words
    • 446 17 CHATTERBOX BRITISH tabloids said yesterday that Prince Charles visited a "magic" well to cure his arm, and Buckingham Palace didn't deny the reports. "It was a private visit and we can't comment," was the official word. The Daily Star and Daily Mirror reported that the
      446 words
  • Page 17 Advertisements
    • 223 17 AND ENTERTAIN High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge. With a fashion show featuring some of Singapore's top models and best fashion. J4 ANA HOTEL 16 NASSIM HILL, SINGAPORE 1325. "1"EL: 732 1222. SINGAPORE Mongolian Smjugi Bulfel Dinner only SI 3.50++
      223 words
    • 162 17 vV> X V f A to v* s> r SHOWUAR |>R| SI MS CHRIS MOSES FOR HAPPY HOURS HOT SPOT CROONERS OF ORC HARD ROAD HI LIFE FUSION MOTOWN. REGGAE. JAZZ. POP DJ IIVI Ml Sl( linos Nl VV WAV! l)AN( ING ROMANCING HAIVN HOI KS 5 PM 1II I
      162 words
    • 144 17 9 COURSE DELICACIES I k V&X 9 BONUS ITEMS I w/ J -11 O O Sp®° Enjoy the following bonus items now! 0 Free tea& refreshment Jj^*****J525?55n5?585?5?nn5« (J) Free-How of stout beer Cj 1 ASSORTED COLD CUTS (3) Suntax 35mm camera 2 2 SHARK'S FIN W/CRAB MEAT S 3 rolls
      144 words
    • 223 17 M SUNDAY M m FAMILY H BRUNCH IS $13+ m (S7 for children under 12) KjZ9 TEE-OFF CAFE |\l MARINA BAY GOLF COUNTRY CLUB KW 6 MARINA GREEN SINCAPORE 0101 FOR RESERVATIONS PLEASE CAI .1. 221 2811/322 4221 and I KvSllV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Shashlikßeef Borshch
      223 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4539 18  -  By William Chia SHARE PRICES on the Singapore stock market drifted downwards throughout the day to close sharply lower yesterday as falls on major bourses overseas and anxiety over rising tension in the Middle East took their toll. Trading was sluggish in
      4,539 words

  • 3968 19 Main Board Inno-Pacific 108 f 12 +-12.5% Jurong Ship 50* 494 f 10 f2.1% Spore Fodder 1% +5 *-2.6% First Capital 129 3 +-2.4% PCL 50* 109+3 +2.8% Metro Hldgs 390 +2 +0.5% DBS Land 222 +1 +-0.5% UOI 219 +1 +0.5% Centrepoint 50* 210
    3,968 words

  • BT SHARE INFORMATION SERVICE
    • 86 20 Company Date Year Croup Net Net earnings Gross ann to profit/loss (L) per share dividend (000) (cents) Centrepomt Oct 30 tun 90 $14,453(18.599) 5 4(3.2) 5 8(2) Cold Storage Oct 30 tun 90 $23,170(115.495) 8 7a(58a) 10 7a(10 7a) Lien Hoe Oct 24 Dec 89 M$3,4101 ($4.3931) RMCA
      86 words
    • 244 20 Company Date Year Group pre-tax Nat earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Q Holdings Oct 29 Jun 90 M$19.466(M$5,091) 27(99) 10(-) Cerebos Oct 19 Jul 90 $70.015($63,113) 12.6(U3a) 20TE(9TEa) S8S Oct 11 iun 90 $4,140($4,809) 11.5(12.9) 7(9) UM Oct 10 Iun 90 $2.444($1.256)
      244 words
    • 367 20 Company Date Half-year Group pre-tax Interim ana te proflt/less (L) dividend (*000) lacks Int Oct 31 Jul 90 $326 ($1,233) Metroplex Oct 29 Jul 90 M$13,323(M$5,292) -(4.3a) PMC Oct 24 Sep 90 M$22,686(M$19.998) 6TE(4TE) PMRI Oct 24 Sep 90 M$5,428 ($3,008) 5(3) Marco Polo Oct 19 Sep 90
      367 words
    • 319 20 Oct 31 Horifuchi Engineering has formed a |Oint venture with Eastburn Engineering to acquire an engineering company, Servtech International for $2m MBf HokSngs Bhd has taken up 100% equity stake in three property development companies Pertama Cipta Sdn Bhd, Zaras Properties Sdn Bhd and Surplus Enterprise Sdn Bhd
      319 words
    • 793 20 Current Ex Beefcs Date Total for Total tor payment data doso payable the year last year Acma 5%TE(I) Oct 19 Oct 31 Nov 15 5%TE AB8 10%(b) tan 4 lan 18 Jan 28 10% 12% Antah 6%(b) Nov 22 Dec 6 Ok 28 6% 6% Avino 7.5%TE (I)
      793 words
    • 706 20 Singapore Stocks Last Foil Year Ciqw) Period Date Year Ptot EPS Gran Net arranctd nh| (ctnb) <tv pro# last rear (rOOO) Icani Mot totem Mar 30 Dec 89 5351(h) EMS Final Sep 27 Jul 90 14.0 3.5TE 4.750 Jacks M totem Oct 26 tan 91 2281 totem Oct
      706 words
    • 334 20 Company Rights Issue Emtei One-tor-one MSI 00 per share Ex-date Nov 5 Books dose: Nov 19 Acceptance I Payment: NYA M Baring One tor two M$5 00 per share Ex-date Oct ?4 Books dose Nov 7 Acceptance t Payment: NYA KH rtdfs Hn* tor ten MSI00 per share
      334 words
    • 503 20 Company Rights Issue Neon Ontkx two fe MJ 1 00 per share Issue of 40m Cumulative Redeemable Preference Shares of M$0 10 each at M>1 per share with 10m detachable TSR Bait on One-tor tour fe, Mt200 per share CauMway kw Capital reduction scheme to reduce par value
      503 words
    • 674 20 BONDS, LOANS WARRANTS C»«M«y Cwwwslwi pertei Ceeverslw tern ler ww «rthw> slwe CUm Before 26/4/93 1 warrant pte $3.09 cart. C mmmf Loan Cauwway Nt 2/10/89 to 20/10/94 1 warrant plus $1 cash or 1 warrant pte $1 nominal amount of loan stodL Own It* IM«s Chun Nt March 87
      674 words
    • 189 20 The Development Bank of Singapore Ltd: EGM at the Board Room, 46th Storey DBS Building, 6 Shenton Way. Singapore 0106 on Tuesday, Nov 6, at 11am. Frst Capital Corp Ltd: 14th AGM at the Pinetree Town Country Club, 30 Stevens Road. Singapore 1025 on Friday, Nov 9, at
      189 words
  • Page 20 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 3811 21 Bernama THE Kuala Lumpur stock market closed weaker yesterday after drifting steadily downwards in thin trading restricted to selective counters. The KLSE Composite Index closed at 480.86, down 11.25 points or 2.29 per cent, while the Industrial Index ended at 961.36, down 16.02 points.
      Bernama  -  3,811 words
  • Page 21 Advertisements
    • 351 21 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF SULPHUR SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed company duty convened and held at 10 Anson Road #10-24 Singapore 0207 on
      351 words
    • 348 21 IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF OCEANtCA SHIPPING PTE LTD (In Members' Voluntary Liquidation) NOTiCE OF RESOLUTIONS At an Extraordinary General Meeting of the members ol the abovenamed company duly convened and held at 10 Anson Road #10-24 Singapore 0207 on the
      348 words
    • 345 21 IN THE UATTER OF THE COMPANIES ACT, CAP. 90 AND IN THE MATTER Of HEATRAE-SAOU SINGAPORE PTE. LTD. /Im n-t-I»*• nwmoifi voluntary Liquidation) NOTICE Of SPECIAL ANO ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at Hurricane Way. Norwich. Norfolk. England on 22nd
      345 words
    • 526 21 IN THE MATTER OF THE COMPANIES ACT, CAP. SO, ANO IN THE MATTER OF CATHAYLIGHT TIMBER PRODUCTS CO PTE LTD n \in vpviilOria Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act Cap. 50, that the FINAL MEETING of the Members of the
      526 words

  • TOKYO STOCK EXCHANGE
    • 2220 22 Reuter A WEAKER yen and rumours of an impending war in the Middle East ganged up on Tokyo stock prices to send them plunging to a sharply lower close yesterday. Share prices fell throughout the day in thin turnover. Bearish technical factors
      Reuter  -  2,220 words
  • STOCK EXCHANGE OF HONGKONG
    • 2250 22 HONGKONG stocks closed weaker in thin, uninspired trade yesterday. Brokers said investors were taking a dim view of developments in the Middle East, believing efforts to peacefully resolve the Gulf crisis would be sorely tested in coming weeks. "There's a lot of talk
      2,250 words

  • REGIONAL STOCK MARKETS
    • New Zealand shares end at six-year low
      • 1036 23 AGGRESSIVE selling in Australian shares on the back of Tokyo's poor showing yesterday sent the Australian market to levels not explored since early 1988, brokers said. They said that once overseas and local investors activated aggressive selling programmes, the rest of the market followed. "As the market began to
        1,036 words
      • 82 23 Close Previous No* I SYDNEY All Ordinaries Index 1.303.0 1327.2 -24.2 All Industrials Index 1,938.0 1975.0 -37.0 All Resources Index 808.0 822.3 -14.3 Turnover (million) 67.09 73.06 -5.97 BANGKOK SET Index 653.21 649.37 +3.84 Turnover (million) NA 49.63 JAKARTA Composite Index NA Turnover (nearest '000) NA MANILA Composite Index NA
        82 words
      • 313 23 NEW ZEALAND shares ended at a sixyear low yesterday on moderate turnover with international factors again being the prime mover. The Barclays share index estimate ended at 1,316.94, down 13.37 points. Concerns about the US economy and the ongoing stalemate in the Gulf overshadowed yesterday's naming of the
        313 words
      • 371 23 TAIWAN stocks finished sharply lower yesterday as jittery investors rushed to sell on renewed fears about the Gulf crisis, dealers said. The weighted index fell 178.65 points, or 5.4 per cent, to finish slightly off its lows for the day at 3,139.88 compared with Tuesday's 3,318.53 close. Turnover fell
        371 words
      • 359 23 la local current-) la S$ la US$ day year day year day year Oct 31 ladex change changf ih*n K t hangt- > hanyt- .hang. World 353.6 0.1 -24.0 -0.1 -26.9 0.0 -18.6 iEAFE 481.0 -0.3 -29.4 -0.1 -29.1 -O.I -21.1 Europe 367.6 0.1 -18 4 0.4 -15.3 0.5 -5.7
        359 words
      • 654 23 SPECULATIVE buying gave a boost to Thai stocks still nervous about the Gulf Crisis and depressed by a poor Tokyo showing, brokers said. The composite SET index closed at 653.21 yesterday, a rise of 3.84 from Wednesday. The market was quite active, but volume was not high, the brokers
        654 words
      • 830 23 THE Seoul stock index catapulted through the 700-point level in moderate trade yesterday as bargain hunters bought across the board, focusing especially on financial issues. The composite index closed at 717.47, up 27.31 points from the previous session. Turnover was 258.3 billion won, little changed from the 253.6 billion
        830 words
      • 623 23 Reuter JAKARTA stocks ended a dull day fractionally lower with shares bogged down in slow trading yesterday. The BT index closed 0.28 point off at 670.55, while the official Bapepam index was unavailable. The only share to chalk up any volume on the regular board was nickel mine Inco.
        Reuter  -  623 words
      • 418 23 1 Manila 31 Oct Peso Vol (TOO) Abra Mining 008 001 Alcorn Pet A 008 unch *****0 Anglo-Phil A 005 unch ***** Anscor A 1.200 020 62 Anscor B 3.500 unch Apex Mining A 006 unch Apex Mining B 007 unch Atlas Cons A 22.500 unch 3 Atlas Cons B
        418 words
  • Page 23 Advertisements

  • WORLD STOCK MARKETS
    • Worry over US economy depresses Dow
      • Article, Illustration
        1081 24 A LATE afternoon rise in oil prices combined with concerns about the economy sent Wall Street stocks lower on Wednesday. The Dow Jones industrial average slipped 5.69 points to close at 2,442.33. Volume on the New York Stock Exchange was 156.1 million shares, slightly more than Tuesday's 153.5
        1,081 words
      • Article, Illustration
        985 24 LONDON SHARES yesterday drifted lower at midsession in thin trading after the UK Treasury joined the Bank of England in quashing rumours of an imminent base rate cut. However, the FTSE-100 was only a modest 9.7 points lower at 2040.6 by 1156 GMT as dealers were still convinced a
        985 words
      • 80 24 Oct 31 Close Previous NEW YORK Dow Jones 2.442.33 2,448 02 -5.69 NYSE Financial 103.73 103.49 +0.24 SAP 500 304.00 304 06 -0.06 Turnover (million) 156.1 153.5 +2.6 LONDON Financial Times 30 1.592.9 1.575.31 +17.6 FTSE 100 2.050.7 2033.9 2 +16 4 Turnover (million) 457 370 +87 AMSTERDAM CBS Tendency
        80 words
      • 401 24 JOHANNESBURG share prices yester- day started steady to slightly easier in slow and uncertain trading as attention continued to focus on the Middle East gulf crisis. Among the few price movements, gold shares had Frccgold and Driefontein down 50 cents each at 35.50 and 42 rand respectively while in
        401 words
      • 302 24 GERMAN shares yesterday closed just off their lows after a featureless and uneventful session with business decimated by the absence of many German and foreign traders for the one-day All Saints' holiday. Dealers expected today's trade to be equally listless as many dealers will take the day off to
        302 words
      • 363 24 SWISS SHARES yesterday traded almost 1.50 per cent lower, led by banks. Dealers said volume was very light because of a holiday in some parts of Switzerland. The all-share SPI index was 13.8 points, or 1.49 per cent, lower at 911.7 while the SMI index of leading shares fell
        363 words
      • 227 24 PRICES on the Stockholm bourse yesterday moved lower in slack early trade on worries that war could be about to break out in the Gulf at any moment. "The market is nervous about the sound of war in the Middle-East," one dealer said. By mid-morning, the bourse general index
        227 words
      • 234 24 TORONTO stocks on Wednesday closed flat after fluctuating within an 11-point range all day, ending with volume of less than 20 million shares for the eighth successive session. "It's dismal," said analyst Ivar Liepins of Moss Lawson and Co. "People aren't interested." The composite index lost 2.63 to 3,081.26
        234 words
      • 405 24 Other markets in Europe, South Africa and Canada Amsterdam Oct 31 Fls ABN Acgon Ahold 129.00 +1 Akzo 73.40 -0.5 Alrenta 160.70 +0.1 AMEV AMRO Ass. Stad BOLS 173.00 -0.3 Borsumy 76.50 +3.5 Buehnman Tetterode. 53.60 -0.2 CSM 84.20 +0.7 Daf 18.70 +0.5 Dsm 38.50 -42.8 Elsevier 80.40 +0.5 Fokker
        405 words
  • Page 24 Advertisements
    • 26 24 The Vienna, Brussels, Paris and Milan markets were closed yesterday. The Amsterdam market report was not available yesterday Innovation and Technology in BT every Tuesday l
      26 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1274 25 FOREX MARKET REPORTS THE US DOLLAR yesterday held onto early gains during the morning European session amid worries over an escalation in the Gulf crisis, but volume was low due to the holiday in many European centres. "It's been a quiet
      1,274 words
    • 371 25 Reuter DATA on Britain's gold and currency reserves due today are expected to show a fall in October, reflecting Bank of England support for sterling after it joined the EC exchange rate mechanism on Oct 8, economists said. The underlying trend of
      Reuter  -  371 words
    • 226 25 Reuter RECENT REMARKS by Bank of Japan (BOJ) officials suggest the central bank will keep its tight credit grip during the year to March 31, 1991, and then pursue an easier stance, economists and analysts said. Domestic inflationary pressures will remain strong due
      Reuter  -  226 words
    • 1224 25 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Dec 90 92.12 92.13 92.09 92.10 3659 ***** 3553 Mar 91 92.33 92.33 92.31 92.31 5538 8471 3053 Jun 91 92.26 92.27B 92.25 92.25 559 4294 1010 Sep 91 92.08 92.09 92.06 92.08 350 1056 344 Dcc 91
      1,224 words
    • 393 25 Cross rates Nov USS S$ M$ Dm Yen SFr A$ NZ$ US$ 1.7090 2.7010 1.5225 130.55 0.5172 1.2915 1.2747 1.6273 S$ 0.5851 1.5805 0.8909 0.7639 0.3026 0.7557 0.7459 0.9522 MS 0.3702 63.27 0.5637 0.4833 0.1915 0.4782 0.4719 0.6025 Dm 0.6568 1.1225 1.7741 85.75 0.3397 0.8483 0.8372 1.0689
      393 words
    • 564 25 Interbank rates s$ Bid Offer Overnight 6 3/4 6 7/8 I -month 6 1/2 6 5/8 2-month 6 1/2 6 5/8 3-month 6 9/16 6 11/16 Overnight mode: 6-3/16 ISS Bid Offer 7 days 7 15/16 8 1/16 1 month 7 15/16 8 1/16 2 months 8 8
      564 words

  • COMMODITIES
    • 510 26 Reuter OPEC MEMBERS hpostcd oil output in October to 22.63 million barrels a day, almost making up the multi-million-barrel shortfall caused by the international trade embargo on Iraq and occupied Kuwait, a Reuter survey showed on Wednesday. And production is expected to keep rising
      Reuter  -  510 words
    • 279 26 Reuter NIGERIA will not use increased oil revenues earned in the Gulf crisis to pay off billions of dollars of foreign debt ahead of schedule, Vice-President Augustus Aikhomu said on Wednesday. "The increase in revenue is not of such magnitude as to alter
      Reuter  -  279 words
    • 816 26 REPORTS THE Kuala Lumpur Tin Market ended 13 sen higher at M$I6.48 per kg yesterday, buoyed by some short-cover-ing and buying activity. Dealers said the higher London Metal Exchange overnight close also helped to support overall market performance. Buying interest was also noted from
      816 words
  • 1407 26 Rubber Nov I MS (te> In txki) S cents/kg Noon Close Int I RSS Prompt i 52.50/153.SON 153 00/154.00N Ini I RSS Dcc 90 152.75/153.25 153.2VI53.75N Inl I RSS Jan 91 153.00/153.50 I53 50/I5400N Int 2 RSS OP *****/151 OON 149.50/151 SON Int 3 RSS OP I44.50/I46.50N 145 00/I47
    1,407 words
  • Page 26 Advertisements
    • 607 26 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I, Sim Ai Seng of Blk 157, Bedok South Ave 3, #*****, Singapore 1646, have applied for a Retail Liquor Shop licence in respect of premises at M/s Nam Luen Supermarket at Blk 822 Tampines St 81, #01-186, Singapore 1852, and that this
      607 words
    • 9 26 Managers must manage. BT shows you how every Monday.
      9 words

  • THE TRAVEL PAGE
    • 1022 27 City Flight ETA Flight ETD I Abu Dhabi GA894 0010 SRI87 0135 GA890 2225 GA970 2335 Adelaide SQ227 2130 Amman RJ182 1445 Amsterdam KL835 1505 KL836 0650 SQ24 2215 GA890 2225 Athens SQ45 0805 SQ24 2215 Auckland NZ35 1530 BA11 1255 SQ338 2030 SQ325 2115 BA12
      1,022 words
    • 644 27  -  POSTCARD FROM DUBLIN JW Mr Mr M? By Suzanne Cassidy IN THE rare ould times, when the US dollar was strong, Dublin was easy on the pockets of travellers. Today, eating and sleeping well on the cheap is just about as difficult
      644 words
    • 153 27 As at 3pm yesterday: l/xral dollars to one unit of foreign currency C urrencics Bid Offer Australian dollar 1.334 1.354 Canadian dollar 1.452 1.472 NZ dollar 1.032 1.062 Sterling pound 3.287 3.307 US dollar I.7Q80 1.7180 local dollars to 100 units of foreign currency Austrian schilling 15.80
      153 words
    • 75 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel Nov 4-9 International Spain Foire De 3/423.31.01 Nov 7-11 International Italy Torino (39)*****9 Chemical Barer lone New Technologies Esposizoni Exhibition Innovations Fair S.p.A Nov 12-15 Fire East 90 Hongkong FMJ International *****8611 Nov 6-9 Building Hong Kong
      75 words
  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • 270 27 7 Read about a train-crash such a bloomer (9) 8 A Scottish VIP prepared IB to receivc the monarch HB—JBL— 10 The representative will get Oriental in time (8) 11 An awful sort of mail, really beastly Ht H 12 Confound heads! 13 The basin used for cona (8) BBi~~
      270 words
    • 223 27 Singapore Outlook: Showers over several areas between midnight and 3 am. Showers again over many areas in the late morning and earl) afternoon. Forecast: Max temp 29.1 assoc humidity 80% min temp 24.0* C assoc humidity 98% hrs of sunshine 2.65 rainfall in mm 15.2 rainfall this mth 15.2 rainy
      223 words
    • 31 27 'IOHPTOt* As P\ HOSH, WHO DfkRES... r I oo fcSu»\ E*erw 7 J SSH s*<s ReGiNPUb CHesreß <s \s SfiW wsrcu—3 SSH-J —~Y —\j>gu?gmG C EVENING STANDARD CO. LTD.. IM2-I*M 8894
      31 words

  • 470 28 Fed releases bleak assessment of US economy AP HIGHER OIL PRICES are shaking the confidence of consumers and businesses in many regions of the US, the US Federal Reserve Board said on Wednesday in a generally bleak assessment of the American economy. Each
    AP  -  470 words
  • 266 28 IS LEE KUAN YEW the most powerful person in Singapore? Are there power brokers among the new-breed technocrat-bureaucrats? Could there exist, within the ranks of the military, a Mindef Mafia? And where do the business community, and women, fit in
    266 words
  • 249 28 AP THE JAPANESE were the world's top savers last year for the third time in a row. Switzerland. Belgium, Austria and Holland were next on the annual, dollardenominated list released by the International Savings Banks Institute in Geneva on
    AP  -  249 words
  • 41 28 Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad welcomes anti-apartheid leader Nelson Mandela on the latter's arrival in Kuala Lumpur yesterday. Mr Mandela is on a three-day visit in the second last leg of a six-nation Asia-Pacific tour.
    41 words
  • 373 28 AFP JAPAN'S stockmarkct slump will have little impact on the ability of Japanese banks to meet international capital guidelines due to take effect next year. Vice-minister of Finance Makoto Utsumi said yesterday. "I have no concern as far as Japanese banks arc
    AFP  -  373 words
  • 287 28 AP IN AN APPARENT challenge to South Korean President Roh Tae-woo's leadership, about 50 governing party legislators yesterday urged him to carry out wider reforms and halt an attempt to change the form of government. The dissent followed a boycott of
    AP  -  287 words
  • 278 28 Bernama UMNO YOUTH wants the Malaysian government to earnestly investigate the Bumiputra Malaysia Finance (BMF) scandal following disclosures implicating former finance minister Tcngku Razalcigh Hamzah in it. The movement's leader, Datuk Scri Najib Tun Razak. said in Kuala Lumpur yesterday that
    Bernama  -  278 words
  • Page 28 Advertisements
    • 140 28 JIL Baume Mercier GENEVE 1830 JACK'S ""BOLIO LABEL"" OUR REPUTATION IS AT STEAK n 0--Weekly special comes with FREE Soup of therfiySs3 Dessert and Coffee/lea/ r—J All these at the price of a la carte onlyLrrrL^-Jj Place 1. 805 Bukit Timah Road, #01-03 Sixth Ave Centre Tel: *****38/*****16 2. 435
      140 words
    • 65 28 A new, compact, twice-a-year, full-colour digest for the business traveller... This is VIETNAM Features How to Do Business Travel Tips Maps Hundreds of Business Contacts US$2O US$3 post* packaging (Payable to This is Vietnam.) AMEX accepted Fax orders: (852) 845-2986 This is Vietnam, #3201 Bank of America Building, 12 Harcourt
      65 words
    • 27 28 JIL Baume Mercier GENEVE 1830 We extend j a warm Jw welcome to clll Delegates to the PILOT MTERNAIIONAL QAI EC CONFERENCE PILOT PEN (S) PTE LTD
      27 words

  • Shipping Times
    • 464 29  -  By Selva Kumar BUOYED by the boom in regional construction activity, cargo volume at Singapore's Jurong Port has picked up substantially since the beginning of the port's financial year in April. "Based on the port's performance so far, we should hit about seven
      464 words
    • 364 29  -  By Dexter Lee BRITISH CARRIER Ben Line Containers is poised to join the Scan Dutch consortium on the Far East-Europe trade next year after the Trio partnership breaks up in late February. The slot-sharing tie-up with Scan Dutch, however, will be
      364 words
    • 407 29  -  From Rahita Elias in FRANKFURT GERMAN AIRLINE Lufthansa is expanding its coverage of cargo markets in Asia, spurred by the regional boom in airfreight traffic. It will soon start a thriceweekly service to India using a 8747 freighter. It is also boosting its
      407 words
    • 356 29 Reuter FOKKER said it is planning to invest around a billion guilders in a new 130-seat short haul aircraft, based on its Fokker 100 plane, which will compete with the 737s of Boeing Co. "Reactions have been very positive from potential customers," said
      Reuter  -  356 words
    • 400 29  -  By Othman Abu Bakar THE KELANG Container Terminal (KCT) has placed an order worth M$ 15 million for seven straddle carriers and 45 prime movers to tow containers. The seven straddle carriers, which will add to the existing 33 at the port, cost more
      400 words
    • 240 29 AFP THE HONGKONG government has given the go-ahead to magnate Li Ka-shing's pan-Asia satellite television plan using Hongkong as its base. The approval, given on condition that the network would serve "an audience principally outside Hongkong," was contained in an official compromise policy aimed
      AFP  -  240 words
    • NEWS SUMMARY
      • 36 29 THE MARITIME equivalent of a hornets' nest has been stirred up in the world shipping industry by attempts to secure a General Agreement on Trade in Services (Gats) in Geneva Page 2
        36 words
      • 39 29 BRAZIL'S state-owned general cargo carrier, Lloyd Brasileiro, has got its third president in five months as the arrest of three ships within two months in European ports heightened already critical financial problems Back Page
        39 words
      • 27 29 MITSUBISHI Heavy Industries and Ishikawajima-Harima Heavy Industries have announced modest increases in earnings for the six months to September Back Page
        27 words
      • 30 29 WORLD-WIDE SHIPPING of Hongkong, one of the world's biggest shipping groups, is transferring some of its ships from the Liberian register to Panama Back Page
        30 words
      • 43 29 SHIPPERS in Bombay have approached the Indian government to take fast remedial action against delays in customs clearance, the suspension of stevedoring work during the second shift, and the severe shortage of pilots and berthing masters Back Page
        43 words
    • LOG BOOK
      • 66 30 QATARI Minister of Economy and Commerce Jasim bin Hamad al-Thani met Iranian shipping chief, Mohammad Hossein Dajmar, and discussed setting up a shipping line between the two countries, according to Opec news agency Opecna, monitored in London. According to the official Iranian news agency,
        66 words
      • 61 30 PIRATES operating off south-east Nigeria killed 10 people in an attack on a transport canoe plying between Port Harcourt and Bonny. The pirates shot the pilot and a woman passenger dead, then robbed the 25 passengers, survivors said. Then the gang made them all jump
        61 words
      • 100 30 TO LURE MORE commerce its way, the St Lawrence Seaway is offering deep toll discounts along the 13 locks linking the Atlantic Ocean with the Great Lakes, St Lawrence Seaway Development Corp administrator James Emery told a maritime conference in New Orleans. The discount up to
        100 words
      • 76 30 A STRIKE at Algeria's main oil and gas export terminal ended after one day, a trade union official said. Management at Arzew, 35km from the western city of Oran, satisfied the demands of tug boat operators who brought the port to a standstill, he added. The
        76 words
      • 83 30 MALAYSIA AIRLINES, the country's flag carrier, launched its inaugural flight to the central Japanese city of Nagoya on Wednesday. A DC-10 airliner flew from Kuala Lumpur International Airport with 96 passengers on board. An airline spokesman said the twice-a-week service to Nagoya would be operated jointly
        83 words
      • 95 30 TROUBLED Air New Zealand said it was firing more staff and would raise its fares by 15 per cent. The new job losses follow 600 firings earlier this year when the airline quit its Fokker Friendship domestic flights. Air New Zealand has not said how
        95 words
    • 953 30  -  Richard Tomkins charts the difficult course towards liberalisation of shipping Richard Tomkins FT The maritime equivalent of a hornets' nest has been stirred up in the world shipping industry by attempts to secure a General Agreement on Trade in Services (Gats) in Geneva. Part of the
      FT  -  953 words
    • 605 30 Oct 29 Carbon Carbon Demit iter Residue Ash Aluminium Sedtnent DensityWater Residue Ash AfcminMn Sedinent E..on E««i KG/M*3% V/V M M M M PPM method KG/M*3l V/V M/M M/M PPM method ISO/Cimac limits Spec E25 9911 0 15.0 0 10 30* 0.10* Eastern USA 180 Ave
      605 words
    • 13781 38 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
      13,781 words
    • SHIPS IN PORT
      • 626 45 M 1 u— l-L, .1 L. 'oVMi toy rm) o#nn NTrtM IMpJfoff Keppd Wharves Kota Abadi E-871 K32 alongside 06.11/2300 Kota Beran. #€14 K31 atongsxfc 04.11/0600 Martham Bay 39 R33 alongside 0211/1500 VWati 1801 03/90* K30 alongside 02.11/0600 frang Berani 3A K29 alongside 01.11/1500 Thorunn 56 K34
        626 words
      • 1301 45 RECEIVING OF EXPORT Fa CONTAINERS AND LCI CARGO W 1 »>- ft-U. Ktcora oooKHf/Msncc KwS SNp Voy No Etb/Btr Mod From To From to liy 3A 02/1800 1 01/1500 01/1659 01/1900 Aa Uy 38 04/2000 2 Canceled 3 02/0700 02/1159 02/1400 4 02/1200 02/1459 02/1700 M ttrqab 51
        1,301 words
      • 379 45 Penang Port Berth on No* 2: 1 Banglar Urmi; 2: Al-Mohammed; 3: Sri Aria; 4: Pacific Bahaga, Kim Soon Li; 5: Eagle Breeze; 6: Ha» Shui. BCT: Bl: Tanta; Bl: Phuket Navee; l/B: Rakhmat. Penang Wharf: N6: Gadts Langkasuka; CW: Cipta Raya; SB: Ocean Progress. VOIP: Botany
        379 words
    • 944 45 GRAIN chartering activity lifted the dry cargo freight market on Wednesday although rates on key routes were mixed, brokers said. Grain from the US to the Continent was secured at steadier levels but tonnage to the Far East was fixed at mostly little changed rates, confirming recent trends.
      944 words
    • 114 46  -  From Shirish Nadkarni in BOMBAY SHIPPERS in Bombay have approached the Indian government to take fast remedial action against delays in customs clearance, the suspension of stevedoring work during the second shift, and the severe shortage of pilots and berthing masters. AC Padamsee, president of the
      114 words
    • 391 46 Seatrade Week BRAZIL'S state-owned general cargo carrier, Lloyd Brasileiro, has got its third president in five months as the arrest of three ships within two months in European ports heightened already critical financial problems. Commercial director Francisco Jose Paiva Chiara was named the new president,
      Seatrade Week  -  391 words
    • 201 46 WORLD-WIDE SHIPPING of Hongkong, one of the world's biggest shipping groups, is transferring some of its ships from the Liberian register to Panama in a move likely to undermine confidence in the troubled West African country's register. Panamanian sources indicated to Lloyd's List that three
      201 words
    • 103 46  -  From John Spiers in SYDNEY THE LOSS-MAKING West Australian government coastal shipping operator Stateships is under government review but is unlikely to be privatised according to a spokesperson for Transport Minister Pam Beggs. "The government is considering possible future strategies for Stateships which involve a range
      103 words
    • 395 46 AFP JAPAN'S two biggest shipbuilders, Mitsubishi Heavy Industries Ltd and Ishikawa-jima-Harima Heavy Industries Co Ltd, announced on Wednesday modest increases in earnings for the six months to September. Mitsubishi, the country's biggest shipbuilder and also its largest manufacturer of power plants, aircraft and
      AFP  -  395 words
  • Page 29 Advertisements
    • 274 29 HSWEE HENG METAL CO PTE LTD 13. TU A3 AVC U. SINGAPORE 22U TELEX: R9 2M71 SMUCPV TEL: 061 MSS(SknM) TELEFAX:MI 2M4 yd\\ k f\Mtrq»ol VHlMMnrc* its. torfci*i*om I l.f.Mj i Ilitrt ymy /null m hum -e««tckMii ■bi kUl{.| -owaiALPa BiHi) nwifOK. tuutiu Connrtat iiuilamb, ewwewA OtoMt ALM MKLifmw to.
      274 words
    • 28 29 Container Schedule 17 Daily Fraghts 17 We* to Advertisers 3 Shipping Guide 10,11 Ships in Port 17 Singapore Tries 17 Veritas Report 2 Weather and Sea Condrtnns 17
      28 words

  • Page 30 Advertisements
    • 251 30 (Offices situated in 'Middle East' United Kingdom •Philippines) Professional marine services offered by this well established marine and shipping survey company. Representative now available for discussion in Singapore, with regard to the following: Pre-purchase Surveys Condition Surveys Superintendency for repairs Consultancy/Naval Architect Facilities On Hire Off Hire International Underwriters Instructions/Brief
      251 words
    • 76 30 NOTICE M.V. RYOKOH V. 1 Arrived Singapore 26.10.90 Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a general survey will be held on the sth November 1990 (Monday) Keppel Wharves at 0900 hours 1200 hours. No further survey will be entertained thereafter. Agents: "K" Lin*
      76 words

  • Page 31 Advertisements
    • 2207 31 "IW r-nnrir -ntrrri %mllv# 200 Cantonment Road #12 05 Southpomt. Singapore 0206 ABflniMH \llffW Tel *****11 TELEX NO IfIIHAH terminal cfs th *****1s -220 I' COOCQ I BOOKINGS Tel *****34 23S J PESAKA JARDINE SHIPPING AGENCIES SDN BHD PORT KELANG TEL *****18 TELEX MA***** MA***** PENANG TEL *****4 TELEX NO
      2,207 words
    • 1279 31 INDEX Tj^WjfflSEßS 11% Col Page Col T Madju Sdn Bhd 16 1/2 I o Macrsk Line 3 4/5 ABC Containeriine 13 5 Accord Group 8 1-3 *"151 14 1-3 AFS 15 I M'sia Shpg Corp 9 1/2 Ahrenkiel Liner 16 3 MTM 16 3 Albatros Sea-Air 14 5 Mendelssohn 6
      1,279 words
    • 2181 31 msimssasm Vnml Voy ETA I ETO "Port 'Pwing DESTINATIONS Singapore Kelang This m«« low* M 9010 FMdar by cv 6/ii oeoo mrs Farco IHH HHi CFS Vll 7359 MRS M Tauro OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC MON TOR LOUIS M 9010 6/11 7/11 Sailed 3/11
      2,181 words

  • Page 32 Advertisements
    • 1211 32 J ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE TOLAGA BAY 12/534 6/11 23/11 26/11 28/" LIVERPOOL BAY 02/533 8/11 4/12 28/11 30/11 2/12 CITY Of EDINBURGH 92/537 13/11 1/12 3/12 5/12 KASUGA 12/536 15/11 10/12 4/12 6/12 3/12 9/12 TOKIO EXPRESS 96/540 18/11 5/12
      1,211 words
    • 612 32 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISLA FLOREANA 28/11 10/12 12/12 17/12 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. APIA A NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 28/11 30/12 31/12 1/1 Also accepting Cargo to Callao (Peru) via Valpa Agents: SINGAPORE: *****56
      612 words
    • 1189 32 IMjfmm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LHA (VIA (VIA (VIA ALG) ROT) HAM) N. AL MANSOORAH 9035-3 07/11 26/11 28/11 30/11 02/12 03/12 04/12 05/12 08/12 JAPAN SEA 036W 12/11 03/12 04/12 08/12 10/12 11/12 12/12 13/12 15/12
      1,189 words

  • Page 33 Advertisements
    • 1729 33 Steamers Maritime Holdings Ltd Ij, y P&O fIK 19 STRAITS SHIPPING vRVHAk r Staflaport to Bmacl, East Malaysia, Containers ■lm b >*<»• Voy No PKlanj S'pwe S'ton M'burt B'haven Roam Leli S *"-S lOLAGA BAY ***** +0141/11 06/11 24 11 21(11 CARGO LIVERPOOL SAY 02,533 TEX 06/11 09/11 02/12 27/11
      1,729 words
    • 2057 33 V/VMsmLmiMinniMi'jrsijnii STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL ASEAN CHAMPION COSMIC TRADER TRADER PIONEER VOY NO S 13 9 Spore 6/II 12/11 11/11 P Kelang l/U 14/U 14/U Chittagong Calcutta Yokohama Nagoya Osaka Senboku Tokyo Hochiminh 'For Discharging Only NOTE ALSO CALLING OTHER JAPANESE PORTS. HONGKONG TAIWAN
      2,057 words

  • Page 34 Advertisements
    • 607 34 CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSIjVOV S PORE ROAM ADAM H BURG BREMEN ANTWERP SRIWIJAVA3OWB 20-24,11 21/12 »12 3/1 j/1 KUTAI 21WB 15 11(12 17/1 23/1 2*l »1 cact TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO SUtyect to Mucement Alao accepting cargo to Cwhtsnca, Port Said. Port Alexandria, Genoa.
      607 words
    • 691 34 6?) HANJIN SHIPPING I y]7 FULL CONTAINER SERVICE IS'pore I leHivrt R dam H burg B'havcn Fstow* FEEDER VSL SIN LINE HAUL LA* OAK 3,11 21/11 22/11 73/11 25/11 26 U HANJIN FELIXSTOWE 004E 5/11 H KUNSAN/QS7E »11 2/12 10/11 2711 28/1! 29/11 1/12 2/12 CHOYANC PARK OIK 12/11 H
      691 words
    • 85 34 EUK OZONE FREIGHT SERVICES PTE LTD NO 20. MAXWELL ROAD #12-02. MAXWELL HOUSE. SINGAPORE 0106 TH: MI7W K LNES) fU »Ml7l TUt «f HtM TM I7M •WEEKLY EXPRESS FCL LCL CONSOLE SERVICES From: TAIWAN HONGKONG EUROPE USA UK Services To: BRUNEI ASEAN PORT S.E MALAYSIA PROVIDE INT L TRUCKING DOOR
      85 words
    • 1448 34 -j T IPKL SCP HKC KSC KLC PUS MKT OSK SMI TVO LAX CHS BAI NTC LHV ANW ROM FLX HBG SCP I E GREET RE-030 1/11 In Pt 6/11 Ml 9/11 12/11 14,11 16/U 11/11 19/11 mi 12/12 14/12 ISO 2 24/12 25,12 27/12 »/12 20,1 E COtOEM RE
      1,448 words

  • Page 35 Advertisements
    • 1814 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: ✓V UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 J AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE :*****22 DOCUMENTATION DEPT: *****44/ *****14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 K.L^O?)^ Penang (04) *****0, J.Bahru-(07) *****3, *****4 PTI INTI
      1,814 words
    • 1016 35 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 FBOM FASTBOUNO IQADINC FOB WISTBOUND VESSELS VOYAGE |SPO«E |MANIIA MKO*G VOYAGE SPORE PKLANG HBURG B'HAVEN TILCURY ROTT ANTWERP
      1,016 words
    • 119 35 SAMNBU NNMNCSM (S) SSRL MA IS MeCALLUM STREET ■■■flkpMi #1444 NATWEBT CENTRE W Singapore 010* T«to«: R*****0 T«4: 222 42*1 F«C 22S 4*3f SIN-JKT SIN VOY ETA SIN ETA JKT PELOPOR 960 3/11 6/11 PELOPOR 961 10/11 13/11 PELOPOR 962 17/11 20/11 PELOPOR 963 24/11 27/11 SIN/JKT/PLG/SIN VOY ETA SIN
      119 words

  • Page 36 Advertisements
    • 1391 36 I BIC LINE KAWASAKI KISEN KAISHA, LTD. fJ EXPORT N. AMERICA PACIFIC SOUTH-WEST IMPORT N. AMERICA PACIFIC SOUTH-WEST 7r ra, STi 81. 7// SSTJBSi 3" T? l Si. Ift Sftß-i T 2Z> Rl LIO S U DG i MACKINAC St 212 5 6 2 Ift 12 MANHATTAN BRIDGE 1010 16
      1,391 words
    • 1223 36 ttp* PHIU-ORI€NT LIN€S PTC LTD V 108 ROBINSON ROAD «07 00 GMG BUILDING SINGAPORE 0106 TEL *****22,*****69-*****00 TELEX RS ***** PHILI FAX **********6238 c BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 3 NOV MONTREAL. OTTAWA, TORONTO, VANCOUVER, S'WESTERN ONTARIO.
      1,223 words

  • Page 37 Advertisements
    • 1559 37 aaassg pacific international lines (PTE) ltd J] JJggn PIL Building, 140 Cecil Street *(XKX), Singapore 0106. I JAKARTA I I BANGKOK I VESSEL VOY SIN JKT SIN VESSEL VOV SIN BKK SIN CQEN 9037 9/11 11/11 18/11 HAI YING 04N 3/11 9/11 13/11 KOTA PANJANG 11SB 12/1t 14/11 PEGASUS PROGRESS
      1,559 words
    • 1715 37 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT ESSEL |VOY SPORE PKLANG SHAMPTONI HAMBURG BHAVEN ROAM LHAVRE otagTSayT 12/534 6m Via Cit 24/11 26/11 28/11 iverpod Bay' 02/533 9/11 1/12 27/11 Via Ha 26/11
      1,715 words



  • Page 40 Advertisements
    • 782 40 lhFSi||g\ INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV ROM ANT HBG PANAMA SEN MFO49 In Pt 24|U 25/11 27/11 21)11 »fll EUROPEAN SEN WFOSO 13/11 4/12 7/12 9/12 10/12 12/12 SACHSEN WMOOI 14/11 12/12 11/12 U/12 "12 MECKLENBURG WMOO2 26/11 23/12 22/12 24/12 21/12
      782 words
    • 1199 40 ""tz: CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: FAR EAST PORT KELANG 9/11 4 16/11 MANILA 10/11 17/11 PENANG 9/11 16/11 BUSAN 14/11 10/11 BANGKOK 5/11 ft 9/11 TOKYO 8/11 4 15/11 HONG KONG 4/11 4 7/11 YOKOHAMA 8/11 4 15/11 KAOHSIUNG 4/11 4 11/11 KOBE
      1,199 words
    • 317 40 Xll,nj:l;ruini;ljll.'n H LOADING FOR (ALSO LOADINC FOR BUENOS AIRES) VESSEL SPORE CM DSN BA RES MVIMO *10 STS WIT PAGUA MOSTWtEN I I*l2 tt/12 27/12 *1 IVI W OPT V W 2 DISCHARGING FM BRAZIL ONLY SPORE |NNL H« ME BUSAN Y0« NGO HOB MOSTWEEN I 7/11 12/11 I*ll 1711
      317 words
    • 1337 40 *3? CHINA OCEAN SHIPPING COMPANY TEL *****00 S i'»"?inc« H pSe B S;°"' C FULL CONTAINER LINER SERVICE mot M m*coship cr NO uwmmm cab" costmTlihe General Agents: CO6TAR SHOPPING PTE LTD TO EUftOPt won EUROPE VtSSEL VOT SCP FLX ROT HAM ANT OKK VESSEL-VOY FLX ROT HAM ANT OK*
      1,337 words

  • Page 41 Advertisements
    • 832 41 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! KTA USA All IPI Deslns 10/11.17/11 EUROPE all Ports 7/11, 12/11 BANGKOK 6/11, 10/11 HONGKONG/CHINA 6/11, 13/11 SYD, MEL, ADEL, BRIS 7/11, 14/11 FREMANTLE 5/11, 12/11 MANILA 8/11, 15/11 PKLG/PENANG 5/11, 12/11 Port Kelang Branch Tel: *****21/2/3 Fax: *****24 Penang Branch
      832 words
    • 244 41 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL (vOY E FA I LOADING FO« SPORC NETSANE T <X)WB 13/11 OARCSSAIAAM MOMBASA DJIBOUTI ASSAB IJASSAWA ABYOT 23W8 *12 DARESSAIAA A
      244 words
    • 845 41 tej.PT. MASKAPAI PELAYARAN WPULAU 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 WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN
      845 words
    • 605 41 |i| 1 pi BANGKOK CEBU/MANILA 'VESSEL VOY SINGAPORE BANGKOK VESSEL VOY SPORE CEBU MANILA SIRI BHUM 468N Sit 3/11 Tue 6/11 KITI BHUM 44S In Pt 7/11 9/11 MAHA BHUM* 33N Sun 4/11 Wed 7/11 SO ORIENT 45R 9/11 14/11 16/11 JENLINK 30ft Wed 7/11 S«t 10/11 KITI BHUM 46S
      605 words
    • 395 41 TO AUSTRALIA/NEW ZEALAND VSI Singapore frtnunt't Helbou'na Sydney Auckl>nd Dunadm srussel 2M lorn iui oil nal 2/u ii 2 c vcrouk m am »Ii m *u iiu Ti/u ANTWCRPEN Ml SO2 U?U 5Ju 22/U 2//U MfU tnt express 5 Ui »0 ifci xa »i ~vji 1* DATS TO MELBOURNE! TO
      395 words

  • Page 42 Advertisements
    • 1191 42 a m MAC-NELS SINGAPORE «PO"T TEL *****22"! import TEL. *****02"! PENANG TEL: (04) *****6 KK TEL: (088) *****0 TAWAU TEL: (089) *****9 I I P KELANG TEL: (03) *****77 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 L-jVy J|J BAHRU TEL: (07) *****2 SIBU TEL: (084 *****2 LABUAN TEL *(087)
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    • 504 42 IrZW* BLUE STAR LINE SINGAPORE TO J 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 PROSPECT 09S In Pt 13 No* Via NPL
      504 words
    • 1248 42 /SSI THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax Noi 33/2673 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL VBT [ETA [BEST VESSEL IjjT ETA PEST KIM SOON LI 43/90E 05 NOV PENANG JENHOL
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  • Page 43 Advertisements
    • 696 43 COMPANIA PERUANA toEa 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 Singapore THOMASEVERETT 05/06 Nov 07/08 Nov KARABIEVERETT 12/14 Nov 15/17 Nov ROSEEVERETT Nov "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN
      696 words
    • 582 43 vsl Ivoy Is pore Imainliner [lax [kst Isav Iwyc Ihfx Ml SINGAPORE X£ 1,11 2IM HONGKONG 21/11 XII J. 12 Vl2 lfU ZIM TRIESTE 128E 11/11 ZIM POSAN 10/12 l«U 22/12 2*12 21/12 ZIM KAOHSIUNC 12IE 1/12 ZIM LIVORNO 1/1 10/1 13/1 IS/1 17/1 ZIM KOPER HE 1/12 ZIM CANADA
      582 words
    • 637 43 M V SIN 6 HWANG HANG DWfM 4 TRANSPORTATION (PTE) LTD WEEKLY LCL/FCL SERVICE VESSEL SPORE JAKARTA SURABAYA JENLINK 8/11 11/11 JENWEL 10/11 13/11 VESSEL S PORE BANGKOK A VESSEL 5/11 enj A VESSEL 7/11 10/11 DESTINATIONS ETA SINGAPORE PORT KELANG 9 NOV MANILA 10 NOV HONG KONG. ALL CHINA
      637 words
    • 498 43 iirw PERINTIS LINE I JkhmHmmmmL. ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA vessel vov sin jkt sbv PELOPOR 960 3/11 6/11 PRASETIA 117 A 07/11 10/11 PELOPOR 961 10/11 13/11 PRASETIA 119 A 14/11 17/11 TANTO UTAMA 117 03/11 06/11 TANTO UTAMA 119 10/11 13/11 TANTO UTAMA 1?1 17/11
      498 words
    • 299 43 SjN FAR EAST 4/11 KEELUNG/KAOHSIUNG 4/11 BANGKOK 3/11 MANILA/CEBU 3/11 JAKARTA/BELAWAN/SURABAYA 2/11 PORT KELANG/PENANG/E. Malaysia 2/11 BUSAN 4/11 TOKYO/YOKO/KOBE/NGO/OSA 7/11 HONG KONG aso accepting cargo I to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingan&'Shanghai SIM EUROPE/UK 3/11 LDN/FLX/LVP/SOU 3/11 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 3/11 LOS ANGELES/NEW YORK all IPI
      299 words

  • Page 44 Advertisements
    • 1231 44 jjrv, CB SHIPPING CU®5) MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONT AINER/LCL/BREAK BULK SERVICE "ANKE" SERVICE SP£ POM MISIMA I At T VILLE VI9SB 23 24,11 7/12 *12 4*12 13/12 •T SHIP San W Ei Ue 112 BUNKER SURCHARGE EFFECTIVE VIBSB TEU USDS 6 00 B BULK USD 5
      1,231 words
    • 328 44 WEEKLY FCL/LCL SERVICE DESTINATIONS ETA SINGAPORE KEELUNC/KAOH 08/11 11/11 15/11 18/11 HONG KONG 07/11 10lu 14/11 ism~ BUSAN 12/11 15/11 21/ Ii 27/11 BANGKOK 10/11 17/11 24m 01/12 MANILA 12/11 22/fi 02/12 i2/i2~ USA 10/u i7m 24/ ii oi/iT" KYC LINE (S) PTE LTD., 15«, CECIL STREET DAPENSO BUILDING, #09-00
      328 words
    • 786 44 Isf* OCERnSERUICE fi j LCL/FCL SERVICE TO/FROM J II /Si J CBF'oP*™*" <>*•* 600 frminahJomem in U.6.A, I II [Im&v /JB J maiwtaiiM 38,000 tradon ft trudu. I'l 1 I m VIP nW*. tCL/FCL Ganaral Agtntt 7B4AITZ/AOC— Cfdtft PENANG—KL:allied-LINK SINGAPORE: //TS\ .<«s*■ 04-*****2 03-*****55 778 6522(22 linesi SEFA V Marina
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  • Page 45 Miscellaneous
    • 550 45 TIDES AND WEATHER TODAY'S TIDtS (he*t in metres) HOUR 0000 0100 0200 0300 MOO 0500 0600 0700 oaooom *************************(**********1)00 ***************0 JR 25 20 1.4 1.0 08 0.7 1.0 1.4 2.1 28 3.1 3.0 2.7 2.1 1.4 09 0.5 0.3 0.4 17 1.4 2.1 2.6 2J PP 24 19 14 10
      550 words

  • Page 46 Advertisements
    • 298 46 CHARTPOINT Every Saturday in Business Times VSL VOY ETA SIN ETA P.PNH TONG HOE 14/90 7/11 20/11 CHOL THEE 19/90 12/11 25/11 For Enquiries Call CALVIN HO/DANY LAU till] HIAP SHPPNG ENTERPRISE 9/11 J TEL *****66 FAX: *****10 \JfJy TLX RS ***** HHSHPG PT. PELAYARAN. SAMUDRA AGUNG KUALA SIAK IV
      298 words
    • 716 46 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 21E 3/11 S/ll 24/11 28/11 30/11 29/11 HYUNDAI INNOVATOR 35* 2/10 5/10 S/10 26/10 4/11 HYUNDAI PIONEER 36£ 10/11 15/11 3/12
      716 words
    • 579 46 CHARTPOINT Every Saturday in Business Times UK/CONTINENT (TRIO) •«-«-»,<. k inCL SK SH :Is Anftmrß. Amrtfdjn, Otto. Helsinki r ,K! niU aw tnmmhvnn To Br««n MRIIHB nSSTopITra 1 1$} Z Z s rth «•.«<««— CARDIGAN MY MAIS 22/11 11/12 11.12 13/12 10/12 1712 MEDITERRANEAN (MED CLUB)* JEDDAH Smpwrtl ftmui B'crtm
      579 words