The Business Times, 21 June 1991

Microfilm: NL17508
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Friday, June 21, 1991 75*
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  • NEWS SUMMARY
    • Article
      CSCE outlines rules to resolve conflicts
      59 1 BERLIN The 35-nation Conference on Security and Cooperation in Europe (CSCE) has agreed on measures to prevent future crises from breaking out into armed strife. It approved rules allowing a quorum of 13 states to call emergency meetings to discuss political or ethnic crises
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    • Article
      US jobless rate up sharply
      48 1 WASHINGTON The number of Americans filing new claims for unemployment benefits rose sharply in early June, cancelling out improvements in May. Analysts called the steep rise worrisome and said it may mean that the economy has not bottomed out. as was previously thought.
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    • Article
      Payback for Village
      22 1 TANG Dynasty Village can recoup its $70 million investment in seven years' time, says its managing director. Page 2
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    • Article
      M'sia revamps estates
      28 1 MALAYSIA, the world's leading exporter of palm oil and rubber, is restructuring its plantation industry to meet growing competition from Indonesia and Thailand. Page 7
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    • Article
      Mexican threat to HK
      35 1 MEXICO is Hongkong's biggest potential threat as a lowcost manufacturing haven and will outshine the Crown colony if a key US legislation is passed and if Sino-American relations deteriorate. Page 8
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    • Article
      Major fiasco for China
      28 1 A BILLION-DOLLAR project to build cars in southern China may turn out to be one of the country's biggest foreign investment tlops Page 9
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    • Article
      Modest recovery signs
      31 1 THE l_rs economy has begun show ing modest signs of recovery. although weaknesses remain in some regions and in some industries, says the US Federal Reserve Page 9
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    • Article
      Mere wealth won't do
      33 1 THERE'S no point in trying to open an account at a private bank unless one is seriously rich they don't want just ordinarily wealthy clients any more Page 13
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    • Article
      Management tie-up
      26 1 SINGAPORE shipping agent Harpers Shipping and UKbased Ugland Brothers have come together to open a new marine management firm. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      43 1 WALL STREET was mixed in early trading yesterday after Wednesday's broad decline. The Dow Jones average of 30 industrials rose 2.91 in the first half-hour but then turned lower to show an 8.94-point loss at 2.946.56 one hour into the session.
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    • Article
      Footsie lower
      41 1 LONDON share prices were lower at midday yesterday following some light selling and expectations of a weak opening on Wall Street. At about 1115 GMT. the FTSE 100-share index was down 11 points, or 0.4 per cent, at 2.473.7.
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    • Article
      UIC sells building
      42 1 UIC has sold off its office building in Tokyo to a Japanese party for 3.7 billion yen (about SS47 million), which it says will translate into an estimated extraordinary loss of 52.3 million for the current year Page 3
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    • Article
      10-15pc gain for F&N
      33 1 FRASER Neave (F&N) is widely expected to post a net earnings gain of between 10 and 15 per cent for the six months ending March this year Page 3
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    • Article
      Nomura to expand
      30 1 NOMURA Securities hopes to further expand into new business areas in South-east Asia, including possible new ventures into leasing and consumer finance, and partnership consultancy Page 6
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    • Article, Illustration
      STOCK INDICES
      31 1 I hursda> C hange BT-MGA 724.89 -4.47 Kuala Lumpur 623.20 -4.84 Tokyo 24.082.26 -85.51 Hongkong 3.593.38 -32.75 Sydney 1.503.4 -15.7 Wednesday Change New Y'ork 2.955.50 -31.31 London 2.484.7 -31.3
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    • Article
      CURRENCIES
      24 1 Exchange rates USS SS 1.7760 11)0 Yen SS 1.2782 MS SS 0.6385 Money market rates Overnight 4 15/16% -1/16 3-month 5 13/16% unch
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    • Article
      COMMODITIES
      36 1 London Gold AM tlx US5367.80 USS0.50 Rubber S'pore Julv l48.50Vkg -0.75 M'sia July 234.50«/kg 4-0.50 KL Tin Turnover 75 tonnes +40 Spot MS 15.56/kg -0.09 Crude palm oil Turnover 1.361 lots -243 July MS780/tonne +12
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  • Article, Illustration
    Market dives again ahead of rate hikes
    585 1  -  UOB group announces half-point rise in prime rate By Magdalene Ng, Chew Eng Han THE SINGAPORE stockmarket took a further dive yesterday ahead of a new bout of sharp interest rate hikes. The UOB Bank group last night announced a half-point rise in
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  • Article, Illustration
    CSA Holdings launches shares
    456 1  -  First local share offering on main board this year By Claire Leow CSA Holdings (CSAH) yesterday launched a share issue of 43.5 million shares at 80 cents apiece to become the first local share offering on the main board this year. The share otYer. which will
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  • Article
    SIA, Keppel and DBS rated among Asia's best managed
    514 1  -  Metalock is tops in its category By Kenneth James BLUE-CHIP Singapore Airlines, Keppel Corporation and DBS Bank, rated Singapore's best-managed eompanies in a new survey of six Asian markets, are also the only loeal companies included in the survey's list of
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  • Article
    Multiple share applications case to be heard next year
    321 1  -  By Quak Hiang Whai THE CASE of a Singaporean businessman charged with 30 counts of criminal breach of trust involving multiple share applications will be heard next year. A district court yesterday set aside more than two weeks from Sept 14
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      185 1 America's most comfortable shoes Hush Puppies X. JL •M«oshq:s Available at I lush Puppies stores at #03-63, Far Fast Plaza, #1)1-314 Marina Square and all Metro stores (except Far Fast Plaza) Aircraft Schedule 25 Money Market 23 World News 9 Commodities 24 Regional Co News 1 Cryptic Crossword 25 Regional
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      Page 1 Advertisements Column 2
      7 1 Oei Hong I>eong beavers away, Pg 3
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      Page 1 Advertisements Column 3
      60 1 Compact A3-format Copier. Minolta Mixed response to offer, Pg3 Right and wrong of UICs rights, Pg 10 -j. v M ■> a'* 'XL, i ivdfeiUii-*.dt' ■Kir it c■ .m-i 3;^Pv':> •4. >. m\ a.testonr BCXCGNWWU* ■jßt AT A. TESTONI BOUTIQUES •#Ol-15/16 Hilton Hotel Shopping Gallery Tel; *****55 Jg tp •#O3-28/29
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        CPI up
        74 2 IHE Consumer Price Index in May rose by 0.3 per cent over April, with dearer food items and higher transport and communication costs contributing to the rise. Food prices rose by 0.6 per cent due to more expensive vegetables, truits and seafood, while higher car and petrol prices
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      • Article
        Human resource conference
        105 2 THE Singapore Institute of Management (SIM) will be organising a human resource management conference on Aug 1 and 2 at SIM. The conference, entitled "Developing a worldclass workforce: Human resource strategics for competitive advantage" is designed for senior and middle-level managers in the human resource field. Key
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      • Article
        A sparkling exhibition-cum-sale
        47 2 INDIA-BASED Metals and Minerals Trading Corporation of India Ltd will be holding an exhibition and sale of jewellery and gems tomorrow at the Presidential Suite ot the Hyatt Regency. Part of the proceeds of the sale will be donated to the Home Nursing Foundation.
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    • Article
      S'pore has the flair to be regional fashion hub
      244 2 INITIATED by the Society of Designing Arts (Fashion) (Soda) in 1988. Fashion Connections Singapore has outgrown its creator, with the Trade Development Board stepping in to give the event the higher profile it deserves. The four-day fashion extravaganza will be held
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    • Article, Illustration
      Tang Dynasty Village expects payback in seven years
      504 2  -  By Sylvia Wong TANG Dynasty Village can recoup its $70 million investment in seven years' time, says its managing director. Dennis Chiu. This is provided it attracts one million visitors a year, and the number of visitors increases by 5 per cent
      504 words
    • Article
      The action starts in National Mgt Game
      159 2 ONE HUNDRED and two companies will be engaged in war over the coming weeks as they wheel and deal their way to plum profits and rich returns in this year's National Management Game. The Game, jointly organised bj the Singapore Institute of Management,
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    • Article
      Fuji Hunt makes S'pore operational base for S-E Asia and Oceania
      322 2  -  By Michelle Low TOKYO-BASED Fuji Hunt Photographic Chemicals, whose investment in Singapore totals 526 million, has made the Republic its centre for operations in South-east Asia and Oceania. This was stated by the president of Fuji Photo Film Co
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    • Article
      More wealth brings greater risks, says security consultancy
      341 2  -  By Shoeb Kagda REGIONAL companies and private institutions will run a bigger risk of international terrorist attacks or face other forms of security risks as this region grows in wealth and prominence, says the regional director of an international security management consultancy
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      329 2 Our Recipe For Success Makes Perfect Scents. mS*' 'v |ft£ f -1 rtf- yji-^''.' l nil aJ|h[ r ii.*m *&mm ■■Rr^'s >'Joafl^H First, take a spoonful of Sheraton Cuisine It's our unique way of blending fresh natural ingredients with Asian spices to create C^7-v light, exotic and delicious dishes TURBOT
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      Page 2 Advertisements Column 2
      237 2 —l '4 -HEALTH' I SB' 1 yjf Imatel j» A totally new concept in saunas. I iB wi 1 HEALTH MATE is your personal I ZMI'I rjf relaxing workout to be enjoyed in the B jfl I ?jJ comfort of your own home. It uniquely j| iVjBW# 7*|njgjj|«r recreates the
      237 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      UIC sells Tokyo office block for 3.7b yen
      401 3  -  By Elaine Koh UNITED Industrial Corp has sold off its office building in Tokyo to a Japanese party for 3.7 billion yen (about Ss47 million), which the group says will translate into an estimated extraordinary loss of $2.3 million for the current
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    • Article
      Foreign stocks listed here to be quoted in home currencies
      330 3 I HE Stock Exchange of Singapore will start quoting foreign stocks listed here in their home currencies instead of Singapore dollars to facilitate trading by international investors. The SES has also adjusted the brokerage, clearing fees and stamp duties on
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    • Article
      Mixed response to CSA Holdings public offering
      353 3  -  By Claire Leow THE RESPONSE from investment analysts at yesterday's presentation of CSA Holdings' (CSAH) public share offering was mixed. One said its research and development spending had not been significant, standing at a total of $1.6 million for the last five years.
      353 words
    • Article, Illustration
      NOL's new service to US
      297 3 NATIONAL CARRIER Neptune Orient Lines has released details of its new service to the North American east coast ports, to be launched later this year. According to an NOL official, the carrier's Asia-East Coast Express (AEX) offering is the first service to sail via the
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    • Article
      Will the wave of the wand work for Mr Oei in Hongkong?
      492 3  -  THE HOCK LOCK SIEW COLUMN By Magdalene Ng HKiH-ll YING Oei Hong I cong is living it up in lais-se/.-faire Hongkong while his deal-making disciples in UIC sweat it out in Singapore. Mr Oei Andrew to close friends
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    • Article
      F&N expected to post earnings gain of 10-15pc
      354 3  -  By Genevieve Cua FRASER Neave (F&N) is widely expected to post a net earnings gain of between 10 and 15 per cent for the six months ending March this year. If so. F&N's results, which are expected today, would be comparable to
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    • Article
      S'pore-listed firms to hold stake in Batam club
      188 3 TWO Singapore-listed companies will be taking a stake in the development and marketing of Tanjung Country Club, a resort-style club on Batam. Charlie Phua, chairman of Bunga Tanjung Resorts which is marketing the club, told BT that one listed company will be
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    • COMPANY BRIEFS
      • Article
        Southern Bank to buy stockbroking firm
        57 3 KUALA LUMPUR Southern Bank Bhd has announced plans to buy RNA Securities Sdn Bhd. a stockbroking company. It has entered into a memorandum of understanding to acquire 4.25 million shares of RNA, representing 85 per cent of the paid-up capital. The purchase is likelv
        57 words
      • Article
        Sime buys over small firm
        38 3 SIME SINGAPORE has fully purchased Rington Pte Ltd. Sime bought the paid-up share capital of two Si.oo shares at par value, and intends to change the company's name to Alexander Properties Pte Ltd.
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      • Article
        Pan Pacific acquires paper firm
        55 3 PAN PACIFIC PUBLICATIONS has completed its acquisition of the entire share capital of Kau Hiong Trading (Private) Ltd. a paper-trading company. Kau Hiong will now be managed by a new executive director. Tan Kah Khoon. The company imports, stocks and supplies paper to printers and
        55 words
      • Article
        New directors for Inter-roller
        35 3 INTER-ROLLER ENGINEERING Ltd has appointed two new directors. Rajan Menon is now an independent director and Kazuo Uryu an additional director of the company. Both appointments took effect from March 18.
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      • Article
        Directors sell shares
        73 3 PACIFIC CARRIERS Ltd (PCL) director Wu Long Peng has sold 20.000 PCL shares at Si.Bl apiece while Amtek Engineering Ltd director Lai Fook Kuen has sold 26.000 Amtek shares at 51.49 apiece. Meanwhile. Ng Kim Looi is no longer a substantial shareholder of Amtek Engineering Ltd, following
        73 words
      • Article
        F H Lee reports omission
        97 3 F H LEE HOLDINGS say they have discovered an omission in disclosing 24.000 shares in Sing Investments Finance (SIF) held by Sinhoe Rubber (Pte) Ltd (SRPL). It notes that since FH Lee holds 17.5 per cent of SRPL's paid-up capital, it has deemed interest in
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      142 3 Which hotel will you stay in, daddy? A W ANA HOTEL SINGAPORE I I I I N IM I I i In., K. 1 1 'V \1 IS] l-'s 1M i FOR THE WORLD'S MOST TREASURED WATCHES Montre Royale houses some of the world's most fashionable The mosttrusted place to
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Freeport-McMoRan cuts stake in Indon unit
        122 4 NEW ORL EANS Freeport-McMoßan Copper and Gold Ine said it agreed to reduee its stake in Freeport Indonesia Ine to 80 per eent from 90 per cent. It said the agreement was made as part of negotiations with the Indonesian government for new contract
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      • Article
        Petrosea's 300-rupiah dividend
        104 4 JAKARTA PT Petrosea, a joint-venture company involved in engineering and construction services, agreed to pay a dividend of 300 rupiah (550.26) for 1990, which accounts for 30 per cent of the company's earnings per share. The president of the company, Robert Browning, said after the general shareholders
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      • Article
        Matsushita to boost PC output
        88 4 TOKYO Matsushita Electric Industrial Co Ltd will boost output of personal computers to a monthly 27,000 to 28.000 units by the end of the year to March 31, 1992, from the current 20,000 units, a company spokesman said. Of the total, about 70 to 80
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      • Article
        Hitachi may buy NMB chips
        109 4 TOKYO Hitachi Ltd is considering buying four-megabit dynamic random access memory (DRAM) chips from Japan's NMB Semiconductor Co Ltd. a spokesman said. NMB, a subsidiary of Japan's ball bearing giant Minebea Co Ltd, told Hitachi that it wants to supply chips for sale under Hitachi's
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      • Article
        Aberfoyle explains lower profit
        63 4 MELBOURNE Aberfoyle Ltd said its 71 per cent fall in first-half net profit reflected lower metal prices and lower output at its Que River base metals mine. The company, 46.3 per cent-owned by Cominco Ltd, posted a net profit of A 55.7 million (557.72 million) in
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      • Article
        Aussie firm's A$250m bonds
        70 4 SYDNEY AIDC Ltd has issued AS2SO million (Ss34o million) of 11.5 per cent coupon bonds maturing in September 1995. the first tranche of a Asl billion domestic programme. A spokesman for lead manager Bain Capital Markets Ltd said the bonds went at a yield of 11.41
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    • Article
      Lock icon Nomura violated securities law: report
      168 4 AFP TOKYO Nomura Securities Co Ltd, Japan's top securities house, may have illegally compensated its corporate clients hit by the 1990 stock and securities crash, covering their losses by paying out 16 billion yen (US$ll4 million) to buy back their investments at higher prices, the
      AFP  -  168 words
    • Article
      Hutchison, AT&T in global messaging venture
      300 4  -  Partnership will challenge Hongkong Telecoms' monopoly From Catherine Ong in HONGKONG HONGKONG tycoon Li Flashing's Hutchison group has partnered American Telephone Telegraph Co (AT&T) of the US in a global messaging venture, which aims to shake the monopoly of Hongkong Telecoms in external telecommunications.
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    • Article, Illustration
      Lock icon Taiwan's Evergreen decides to move investments abroad
      438 4 AFP TAIPEI Taiwan's Evergreen Group, the world's largest container shipping company, has decided to freeze its domestic projects and switch investments to Australia and Panama, officials said on Wednesday. Evergreen chairman Chang Yung-fa will visit Panama on July 20 at the invitation of
      AFP  -  438 words
    • Article
      Lock icon HK firm Emperor makes offer for shares of Yu Hing
      291 4 Reuter HONGKONG Locallylisted property investment company Emperor Investment Ltd (EIL) has an- nounced a conditional offer through its wholly-owned Dessin Enterprises Ltd to acquire all the issued shares of Yu Hing Holdings Ltd for HK5468.79 million (*****.82 million). Dessin and
      Reuter  -  291 words
    • Article
      Lock icon Bridgestone moving HQ to Nashville
      321 4 AP AKRON, Ohio Bridges-tone-Firestone Inc, the Ameriean subsidiary' of Japanese tyre giant Bridgestone. said on Tuesday that it will move its corporate headquarters to Nashville. Tennessee, by the end of the year as part of a restructuring of the heavily indebted company. The move will
      AP  -  321 words
    • Article
      Lock icon HK's Lolliman merging with Panco Industrial
      185 4 Reuter HONGKONG Hongkong property investment firm l.olliman Holdings l td and Panco Industrial (Holdings) L td yesterday announeed the merger of their eompanies into a single entity. Lolliman said in a statement that it would acquirc 1(K) per cent of Panco's equit\ by issuing
      Reuter  -  185 words
    • Article
      Thailand's 1m-line phone project to be parcelled out
      530 4 BANGKOK Thailand's one-million-line telephone expansion project in the provinces will be divided into zones and more than one private firm will be chosen to undertake the project, Transport and Communications Minister Nukul Prachuabmoh said earlier this week. The Bangkok Post on Wednesday
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    • Article
      Shinawatra eyeing provincial lines
      350 4 BANGKOK Shinawatra Computer and Communications Group of Thailand has expressed interest in investing in the one million telephone lines in the provinces, but has indicated that its involvement will depend on the government's terms of reference. The Nation reported on Wednesday. The group president Thaksin Shinawatra
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      268 4 CRANFIELP MBA Candidates arc invited to apply for the Cranfield MBA programme commencing January 1992 in Singapore. The programme uses a variety of latest learning methods, including distance learning techniques. Students who successfully complete the 2-year programme will be awarded the internationally renowned Cranfield MBA degree. This degree is the
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      Page 4 Advertisements Column 2
      115 4 ENGINEERING/CONSTRUCTION JOINT VENTURE PARTNER An Australian electrical engineering manufacturing and contracting company with proven expertise in substantial mining and industrial projects is seeking a joint venture partner for turnkey design construction projects in Australia and S.E.Asia. This joint venture arrangement would provide substantial representation of both parties in projects related
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Lord Hanson dampens speculation on ICI bid
      314 5 AFP LONDON Lord Hanson, chairman of the conglomerate Hanson, moved on Wednesday to quell speculation that a bid for chemicals giant Imperial Chemicals Industries was imminent. "We said from the beginning that our interest as a significant but not aggressive shareholder was to
      AFP  -  314 words
    • Article
      Lock icon P&G to buy biggest Czech soap maker
      223 5 NYT PRAGUE Procter Gamble Co is buying Czechoslovakia's biggest soap and detergent manufacturer, Rakona Co. The move is the first large American acquisition in this country' since the fall of communism a year and a half ago. It is also the first sale
      NYT  -  223 words
    • COMPANY BRIEFS
      • Article
        France denies dropping Thomson aid plan
        99 5 PARIS The French government has denied that it has dropped a plan to give 1.8 billion francs (about US$3OO million) in aid to government-owned electronics group Thomson. The European Commission had announced on Wednesday that the French government had give up the plan for
        99 words
      • Article
        Xerox unit to cut 400 jobs
        60 5 BASKING RIDGE, New Jersey Xerox Corp's Crum and Forster Inc unit is consolidating a number of support functions and reducing stall in its Crum and Forster Corp and Crum and Forster Commercial Insurance units, causing elimination of about 400 jobs this year. The company
        60 words
      • Article
        French group's higher stake
        67 5 LONDON Guinness pic says, following recent purchases, French luxury goods group LVMH Moet Hennessy Louis Vuitton SA now holds a 23.9 per cent stake or 232 million ordinary shares in Guinness. LVMH said last week that recent purchases of Guinness were aimed at bringing its stake
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      • Article
        Salomon expects to break even
        63 5 PARIS French sporting goods maker Salomon SA, reporting a 257.3 million franc net loss for the vear ended March 31, said it expects to break even in 1991/92. It foresees a sharp turnaround in 1991/92, helped bv restructuring measures adopted in 1990/91 that will enable
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      • Article
        Siemens Nixdorf not keen on SMT
        54 5 MUNICH Computer maker Siemens Nixdorf Informationssysteme ACi (SNI) says it is not interested in rescuing French micro computer maker SM I Cioupil, which has called in receivers. SNI had offered to discuss technical and industrial cooperation with SMT, hut SMT had not shown any
        54 words
      • Article
        Lock icon McDonald's push into E Europe
        62 5 Reuter VIENNA McDonald's Corp. the US hamburger and fast food chain, plans to expand across Eastern Europe in the next few years, a senior executive says. Helmut Hecher, vice-president for construction for McDonald's Europe, said the company would open its first restaurants in Poland and
        Reuter  -  62 words
    • Article
      Lock icon SocGen speeds up sale of assets
      478 5 Reuter BRUSSELS Belgium's flagship holding company Societe Generate de Belgique SA is quickening the pace of a large asset sale programme aimed at slashing debt and improving profits but it may not see much benefit this year. "They are selling faster than people had
      Reuter  -  478 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      414 5 lA f V-3feK For the privileged few: Singapore's most exclusive golf membership. Throughout Asia the game of pro shops, hotels and car rental report lost or stolen cards •Up to golf carries a mantle of prestige companies. 3 weeks free credit Car rental unmatched in any other sport. And to
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Victoria govt to form new borrowing body
        93 6 SYDNEY The Australian state government of Victoria will merge its wholly-owned Victorian Public Authority Finance Agency (VicFin) and Victorian Development Fund (VDF) to form a new borrowing authority. Treasurer Tom Roper says combining the two agencies will minimise interest costs for the state,
        93 words
      • Article
        Taipei relaxes securities rules
        81 6 TAIPEI Taiwan's Securities Exchange Commission is to allow local securities houses to operate stock investment consulting businesses amid its liberalisation efforts. The commission was amending related regulations to permit local securities firms to operate broking activities, serve as agents for foreign funds and offer consultation on
        81 words
      • Article
        Nomura sets up US unit
        87 6 TOKYO Nomura Securities Co Ltd has set up an investment unit in New York mainly; to manage US junk bonds. Nomura Corporate Research and Asset Management Inc is capitalised at US$2 million (about 553.6 million). Nomura Securities owns 20 per cent of the unit, with
        87 words
      • Article
        Osaka admits foreign brokers
        77 6 TOKYO The Osaka Stock Exchange has approved 12 foreign brokers for membership. Under the exchange rules, only brokers with branches in Osaka may be full members of the exchange with the right to trade cash stocks there. Foreign companies which have yet to open Osaka branches
        77 words
      • Article
        Bank on break-even course
        72 6 FRANKFURT BfG Bank AG said efforts to reach a 1991 break-even operating result were on course with interest surplus and own account trading profits rising in the first five months of this year. At the bank, previously named Bank fuer Gemeinwirtschaft AG. the effects on costs
        72 words
      • Article
        Long-expected appointment
        54 6 LOS ANGELES The election of Robert Smith as chairman of Security Pacific Corp caps a long-planned transition anchwill not bring any major policy changes. Mr Smith has run Sec Pac since taking over the chief executive post from Richard Flamson in January 1990, and is widely expected to
        54 words
      • Article
        Turkish group buying US bank
        29 6 ISTANBUL Cukurova Holding. Turkey's private industrial 3md banking conglomerate, will acquire US First National Bank of Rochester for about US$4O million (about SS72 million).
        29 words
    • Article, Illustration
      Nomura Securities seeks new business areas in S-E Asia
      329 6  -  By Quak Hiang Whai NOMURA Securities hopes to further expand into new business areas in the Southeast Asian region, including possible new ventures into leasing and consumer finance, and partnership consultancy, says Hitoshi Imuta. the president and chief executive officer of
      329 words
    • Article, Illustration
      Lock icon Clamp on borrowing likely to cool Indon economy
      318 6 But it may mean more hard times ahead, warn analysts Reuter JAKARTA An end to a foreign borrowing spree by Indonesia's banks should help slow the economy, but analysts warn it means more hard times ahead as the government sorts out problems
      Reuter  -  318 words
    • Article
      Lock icon Retailer David Jones to securitise credit card debts
      264 6 Reuter SYDNEY David Jones Ltd is to securitise its credit card portfolio, creating Australia's first non-mortgage backed securitised bond issue. The retailer said AS 180 million (***** million) of bonds maturing on July 10, 1996 would be issued within the next 10
      Reuter  -  264 words
    • Article
      Lock icon US banks expected to fare better next year
      371 6 Reuter WASHINGTON Federal Reserve Governor John LaWare said 1991 will not be an easy year for US banks, but the worst may be over for the troubled industry and profits could improve by the end of the year. "I think there is
      Reuter  -  371 words
    • Article
      Indian banks in Singapore may have problem raising funds
      262 6  -  By Kooi Cho Teng SINGAPORE branches of Indian banks could be facing some difficulty in borrowing from the local interbank market and may push their interest rates higher to attract large customer deposits, industry sources here told BT yesterday. Early this
      262 words
    • Article
      Lock icon Ruined Lloyd's investors not covered by UK tax concession
      304 6 AFP LONDON Wealthy investors who finance the Lloyd's of London insurance market will not benefit from tax concessions to ease the burden of ruinous losses facing some of them. The decision by Financial Secretary to the Treasury Francis Maude represented a
      AFP  -  304 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      323 6 MKjgrrpnM Jakarta: 1 July, 1991 Hilton International I I Essential market information for those serious about doing business in Kuwait I •fl Keynote Address Featured Sessions: I I His Excellency, Faisal Al-Haji, Kuwait _tl IC4 I I Ambassador to Bahrain The oil industry the imilti-bill,on USS investment I An outstanding
      323 words
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      Page 6 Advertisements Column 2
      208 6 All prtcaa Include return alrfara, all tranafara, graan/caddy taaa and tint or daluxa claaa hotata with maata. 1 Long Go" Weekender 4 7. 5 Daya/4 Night* liUSIUiIMKI Long Golf Weekender Roundtrlp to from *****5 Long Golf Weekender 5 Days,'* Nights -The Sam Country Club Oays/3 Night# Roundtrlp 1o from SS
      208 words
  • Page 6 Miscellaneous
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  • THE REGION 1
    • Article
      Lock icon Malaysia revamps plantation sector
      508 7 Move to head off growing challenge from Indonesia and Thailand IHT KUALA LUMPUR Malaysia. the world's leading exporter of palm oil and rubber, is restructuring its plantation industry to meet growing competition from Indonesia and Thailand where wages and production costs are substantially lower. While conceding
      IHT  -  508 words
    • Article, Illustration
      Lock icon Thai plan to cut car taxes may worsen deficit
      392 7 AFP BANGKOK The Thai government's plan to slash import taxes on cars and car parts has prompted the National Bank to warn that such industrial liberalisation could send the country's trade deficit into an uncontrollable tailspin. Thai Prime Minister Anand Panyarachun
      AFP  -  392 words
    • Article
      Lock icon Thailand expects 600,000 fewer tourists
      265 7 UPI BANGKOK The Gulf War, terrorist threats, foreign eeonomic recession, wildlife protests and the military coup d'etat have hurt Thai tourism, cutting arrivals by an estimated 600,000, a tourism authority spokeswoman said yesterday. Director of the public relations division of the Tourism Authority of Thailand,
      UPI  -  265 words
    • Article
      Lock icon Manufacturers hail OPP2 but point out problems
      444 7 Bernama KUALA LUMPUR Malaysian manufacturers are warmly receptive to the Second Outline Perspective Plan unveiled by the government but say they have identified several problems lhat will have to be urgently addressed for the plan to realise all its aspirations. Saying that the
      Bernama  -  444 words
    • Article
      Lock icon Tokyo to discuss plywood trade with Jakarta
      356 7 AFP TOKYO Japan's Forestry Agency is to hold talks with Indonesia next month to discuss the plywood trade between the two countries and possible curbs on Indonesian imports. An agency official said on Wednesday that the talks would be the first in a
      AFP  -  356 words
    • NOTE BOOK
      • Article
        Burma and Laos hold talks on border
        85 8 BANGKOK Senior Burmese and Laotian officials have held talks in the Laotian capital of Vientiane to discuss their common border. A Radio Vientiane broadcast monitored on Wednesday said the agenda for the meeting, which began on Tuesday, was an assessment of a border
        85 words
      • Article
        Chinese trade team in Rangoon
        78 8 BANGKOK A Chinese trade and aviation delegation held talks in Rangoon on Wednesday with Burmese I ransport and Communication Minister Lieutenant General Tin Tun. The official Radio Rangoon said the talks were on the extension of flights by the state-run Mvanmar Airways Corp from Rangoon
        78 words
      • Article
        Informal meeting on Spratlys
        108 8 TAIPEI Taiwan said yesterday that it will send an unofficial delegation to Indonesia next month for multilateral talks on the disputed Spratly Islands. "We will attend the talks, but academics instead of government officials are likely to be sent because the nature of the talks will
        108 words
      • Article
        Lange attacks Fijian govt
        63 8 WELLINGTON Former New Zealand prime minister David Lange has denounced Fiji's rulers, saying their authority depends on military force. In a speech at Portland State University in Portland. Oregon, and released here yesterday, he also attacked France's role in the South Pacific, saying few in its
        63 words
      • Article
        Mahathir begins Chile visit
        70 8 SANTIAGO Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad, accompanied by a delegation of 180. arrived on Wednesday on a four-day official visit to Chile. He was scheduled to meet President Patricio A Iwin yesterday. Dr Mahathir was to meet Chilean government officials and members of
        70 words
    • Article
      Lock icon Signs of recovery seen in Aussie manufacturing
      141 8 Reuter SYDNEY Australia's ailing manufacturing industry may be showing signs of recovery, according to a survey of June quarter results by Westpac Banking Corporation and the Confederation of Australian Industry. "A patchy recovery in output and new orders may be in sight, possibly
      Reuter  -  141 words
    • Article, Illustration
      Risk report warns of Mexican threat to HK
      457 8  -  Free Trade Agreement will make Mexico more attractive By Harish Mehta MEXICO is Hongkong's biggest potential threat as a lowcost manufacturing haven and will outshine the Crown colony if a key American legislation is passed and if SinoAmerican relations deteriorate. Mexico can
      457 words
    • Article, Illustration
      Lock icon NZ and Australia to widen trade pact
      427 8 Reuter WELLINGTON New Zealand and Australia will next month attempt to widen their Closer Economic Relations (CER) trade pact to include major services, adding to the free trade in goods established last July. "We arc making a lot of progress and I'm confident
      Reuter  -  427 words
    • Article
      Lock icon Australia joins race for share of Gulf market
      398 8 AFP DUBAI Australia has joined an international race for a share in the Gult market, which has been expected to grow since the end ot the war in the oil-rich region. But unlike giant industrial states. Australia is offering only food and
      AFP  -  398 words
    • Article
      Lock icon Viet congress faces tough economic issues
      400 8 Reuter HANOI Vietnam's communist rulers, preparing for their seventh party congress next week, can claim some success in introducing a market economy but also face a daunting task in finding a way out of the present slump. One of the big questions for the
      Reuter  -  400 words
    • Article
      Lock icon Cambodian plants' income up 10-fold after privatisation
      278 8 AP BANGKOK Cambodia's income from 10 factories has increased 10-fold since they were leased out to private entrepreneurs, the official Cambodian news agency SPK has reported. The report was an indication of how free market reforms begun in 1989 by the communist government
      AP  -  278 words
  • Page 7 Advertisements
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      136 7 XK CHRONOGRAPH WATCH ———^«—r~^Z> fggmmA Hk wMMM |L^ THE SPIRIT OF JAGUAR The Jaguar XK chronograph watch: Swiss precision and English prestige in perfect harmony. j Equipped with automatic mechanical movement, three-dial chronometry for seconds, XA/ntfnO^ minutes and hours, calendar and tachometer. Available in solid-gold and two-colour model, V VvJlv—l
      136 words
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      66 8 3 TIMES A WEEK BY EMIRATES. 3 DAYS FROM $1,610 4 DAYS FROM $1,690 5 DAYS FROM $1,760 Ureal Value Prices Include: Accommodation in 5-Star Hotel (Hyatt, Hilton, Intercontinental) Daily American Breakfast Meet and assist at Dubai Airport Transfers airport-hotel-airport Arrangement of visa Prices are valid till 31 August IV9I.
      66 words
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      Page 8 Advertisements Column 2
      106 8 A MvetfCt Special Dinner Promotion A La Carte also available 24 hours Coffee House Western and Local Set Dinner Spec ial Set Dinner $4500* Per Person 3 SI8.()()♦♦ Per Peru*. Tit* Sichuan Set Dinner $30.00-♦ Per Person C ombination Steamboat $12.00' Per f erson (min. 2 persons). (Min. 2 persons).
      106 words
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  • THE WORLD
    • Article
      Lock icon Car venture in China ends up a major fiasco
      460 9 Panda Motors' plight highlights market pitfalls Reuter BEIJING A billion-dollar project to build cars in southern China may turn out to be one of the country's biggest foreign investment flops. Panda Motors was the largest wholly foreign-owned enterprise approved in China.
      Reuter  -  460 words
    • Article
      Lock icon Economists defend reform aid plan for Soviet Union
      311 9 Reuter WASHINGTON Several economists have defended their "grand bargain" plan to reform the Soviet economy, arguing that a US government proposal to help Moscow out of its economic chaos is too modest and doomed to failure. "Small aid can only support small
      Reuter  -  311 words
    • Article, Illustration
      Yeltsin meets the American public
      37 9 WASHINGTON Visiting Russian Federation President Boris Yeltsin wading into a crowd at the Lincoln Memorial on Wednesday to shake hands with well-wishers. He was scheduled to meet US President George Bush yesterday.
      37 words
    • Article
      Lock icon Analysts heartened by wider US merchandise trade deficit in April
      319 9 NYT WASHINGTON The US deficit in merchandise trade widened to US$4.B billion (SSB.6 billion) in April as both exports and imports posted sizable and somewhat unexpected increases, said the Commerce Department. Although trade figures are relatively poor gauges of overall
      NYT  -  319 words
    • Article
      Lock icon Eureka scheme opens up to E Europe
      271 9 FT THE HAGUE The Eureka programme for panEuropean research and development marked the start of its sixth year on Tuesday by launching 121 projects and promising to make it easier for East European companies to take part. The projects, announced at a Eureka
      FT  -  271 words
    • Article, Illustration
      Lock icon Fed survey sees modest signs of US recovery
      522 9 AP WASHINGTON The American economy has begun showing modest signs of recovery, although weaknesses remain in some regions and in some industries, says the US Federal Reserve. "Economic conditions appear to be improving modestly in much of the nation," it said on
      AP  -  522 words
    • WORLD WATCH
      • Article
        Moscow gets US credits for livestock feed
        114 9 WASHINGTON The US has announced that the Soviet Union will get USS6OO million (551.07 billion) in loan guarantees mostly to buy corn and oilseed meals to feed its livestock. After three days of meetings with a Soviet delegation, Agriculture Department officials said on
        114 words
      • Article
        Cairns Group to hold talks
        102 9 CANBERRA The Cairns Group of farm goods exporters will meet next month to maintain pressure for world agricultural reform, Australian Trade Minister Neal Blewett said yesterday. The group's meeting in Manaus. Brazil, will be its first since the ministerial-level conference in Brussels last December broke
        102 words
      • Article
        US-S American accord signed
        91 9 WASHINGTON The US signed a trade-cooperation agreement with Brazil, Argentina. Paraguay and Uruguay on Wednesday that US President George Bush said shows "a new cooperative spirit" in the hemisphere. The document was signed by officials from all five nations as Mr Bush and visiting Brazilian President
        91 words
      • Article
        ADB approves loan to China
        61 9 MANILA The Asian Development Bank has approved a U5567.5 million (SS 120.8 million) loan and technical assistance grants totalling US$l.24 million for a railway project in China. The funds would be used to build a 232-km singletrack railway between the cities of Yaogu and Maoming
        61 words
      • Article
        Iran to float state-owned Arms
        58 9 TEHERAN Shares in 370 government-owned factories will be sold at the Teheran Stock Exchange soon. In a meeting with officials of various ministries on Tuesday. Iranian Finance Minister Mohsen Nurbakhsh said that current share prices had soared between 100 and 600 per cent at the
        58 words
      • Article
        China agrees to revised pact
        63 9 NAIROBI China has announced that it will agree to the amended Montreal Protocol, which calls for a complete phase-out of chemicals which attack the Earth's ozone layer. A United Nations Environment Programme statement on Wednesday said that the chemicals to be phased out included fully
        63 words
    • Article
      Lock icon NZ, Australia eye Europe's wine market
      398 9 AFP BORDEAUX, France Quality rather than quantity is the key to an expansion of sales of Australian and New Zealand wines on the European market, say exporters at Vinexpo, the sixth international wines and spirits fair being held here. Hazel Murphy of the Australian
      AFP  -  398 words
  • Page 9 Advertisements
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      89 9 CORE ANNOUNCEMENT no. of pages publisher price Study Evaluating CIC Consulting SSfifm/ Indonesian Economy 990 281 (Jakarta) SS6BO/ and Prospects 1991 K (This is a detailed macro-economic study which reviews the Indonesian economy in 1990 and projects the prospects of growth in 1991 Supported by 133 statistical tables of production,
      89 words
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      Page 9 Advertisements Column 2
      177 9 (Established 1 July 1991) |pj I DINNER TALK I i PROFESSOR LESTER THUROW J |l§ "ENTREPRENEURSHIP: THE KEY TO THE FUTURE p |p OF THE EASTERN BLOC COUNTRIES?" i n 7 p HP H V* Professor Thurow. Dean of the Hy fl prestigious Sloan School of p m jKt Management
      177 words
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  • Article
    SES made the right move
    494 10 EDITORIAL SINGAPORE'S public-listed companies were at the receiving end of some strong medicine from the Stock Exchange of Singapore (SES) a fortnight ago. First, in a dramatic move, the SES censured United Industrial Corporation (UIC) for failing to inform shareholders about the losses that the
    494 words
  • WHAT THE OTHERS SAY
    • Article
      Milestone for Malaysia
      215 10 WHFN the Malaysian government set up a consultative council in early 1989 to review its about-to-expire New Economic Policy (NEP) and to make recommendations for a successor programme, the country's two main races came up with such sharply divergent demands that Malaysians and outsiders alike were left
      215 words
    • Article
      Taking off
      113 10 MALAYSIA is now in the economic take-otT stage. The New Development Policy has all the essential ingredients to achieve what is termed as Vision 2020 elevating Malaysia to the status of a developed country. It replaces the New Economic Policy which was formulated in 1970 to eradicate poverty
      113 words
    • Article
      Be realistic
      172 10 THE REVIEW committee to improve the study of Chinese language in schools has an important task. As our objective is to encourage the English-educat-ed and their children to master the Chinese language. we must look at the problem from a new perspective and a different angle. We have
      172 words
  • REGIONAL VIEWPOINTS
    • Article
      Let the leaders live
      182 10 BEFORE the gloves come otT after a decent period of mourning and consolidation, India's leaders should remind themselves that the low turnout of 53 per cent of the electorate shows that Indians are getting tired of more of the same the same ineffective patchwork government ready
      182 words
    • Article
      Private sector must do more
      164 10 PRIME Minister Datuk Scri Dr Mahathir Mohamad has already given an assurance that the management of economic policies under the New Development Policy (NDP) will continue to provide incentives for investors. Though there is no mention in the NDP of a specific percentage target or
      164 words
    • Article
      Getting more neighbourly
      181 10 TAIWAN and China used to trade artillery barrages across the narrow strait that divides them. Now relations have improved to the extent that they are content to swap no more than ritual insults over the Eagle King incident, in which a Hongkong-owned vessel was first boarded by
      181 words
  • Article, Illustration
    Tough if you can't take it
    555 10  -  The case for It has been two weeks sinee the Stock Exchange of Singapore publicly censured United Industrial Corporation and rejected its rights issue proposal. But a raging debate in corporate circles still :ontinues over the pros and cons of the SES move. Those
    555 words
  • Article, Illustration
    Give company shareholders a chance
    522 10 The case against UIC may collapse. The rights issue rejection will mean that UIC will sell its prime assets at fire-sale prices which does neither the shareholders, the company, nor the stockmarket any good. Is it right to make current shareholders suffer for the sins
    522 words
  • Page 10 Advertisements
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      103 10 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, J profiles of leading managers in Singapore and I relevant book reviews. (j I ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the i J competitive
      103 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      60 10 DOONESBURY BY GARRY TRUDEAU iOUKNOOU, IF YOU'RE UKL ML, HI. CJHU! UJLVL SIGHT- CAPTAIN! 7H15 UM PIP I yourpobablycuriousa c j ro seeßs.ANPuevuKßToeee mNwoavim i $ay W oh.mu ihose Wm^fA UJHAr<SHAfWJW IOAIIIHOSL 'XMtOF THE PAU?jIINIAN r _> 10 V&T THL ViAT? I\] ML THt [&£AKO PALfrUNlAtfr UJKJVt t)Cm AP MWCIXIU
      60 words
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  • ANALYSIS
    • Article
      Japanese firms warm to environmental awareness
      952 11 It has now become fashionable for Japanese firms to show how much they care for the environment. But is this a PR ploy or a genuine commitment? The Asahi News Service reports JAPAN'S profit-driven corporate world, which has been tagged an economic animal, is
      952 words
    • Article, Illustration
      Lock icon Felda up against a mid-life crisis
      1309 11  -  The Federal Land Development Authority (Felda) is now at the crossroads either slide downhill or look for new ideas. One thing's for sure the problem of labour shortage has to be addressed. Padmaja Padman reports Padmaja Padman NST CALL IT the corporate version of
      NST  -  1,309 words
    • Article
      Lock icon Consider impact of labour vacuum, says don
      576 11 NST LABOUR shortage and its consequences must be given priority by Felda in land schemes where the settler population has aged and the second generation has not taken over as planned, says sociologist Dr Rokiah Talib of the Universiti Malaya. Although new schemes
      NST  -  576 words
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      138 11 they don't give you the proper spinal Ipr^ support your body requires for a restful and i|l J 11-| J j '"fnjLjr relaxing sleep. But with an Aquapaedic j j j 'Jgpr waterbed it's different. The Aquapaedic mattress is constructed shock absorber that reduces wave motion with 2 layers of
      138 words
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      Page 12 Advertisements Column 1
      204 12 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE I PRINCESS Pv gr egGnEKBABE T WOO •••now on Fridays and Saturdays From now on, our Chinese Porridge Buffet will be served only on Fridays and Saturdays from 10.30pm to 3.30 am but at
      204 words
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      Page 12 Advertisements Column 2
      290 12 1 ililli PLUM'S I Mil *****11 l SEAFOOD EXTRAVAGANZA June 14th 30th 1991 The ocean's catches are yours for the picking at Plum's. From clams to crabs, from squid to scallops, the choices are endless. In addition, there are even double return air tickets with accommodation at our sister properties
      290 words
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      Page 12 Advertisements Column 3
      350 12 Cafe Plaza goes Cantonese this June with a spread of tongue-tickling pleasers from the British Colony. Delicacies include Marinated Jelly Fish, Crispy Suckling Pig, Braised Shark's Fin Soup, Black Pepper Beef Cubes and Stir-fried Garoupa. Available for lunch and dinner. Aduit: $16.00++ Plaza Hotel Child: $10.00+ Brarti Road Slnftaporr *****
      350 words
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      Page 12 Advertisements Column 4
      329 12 It v *m W <&&& rhat our prediction for you when you step into tht Kuluh jls I r ve >an^s ta^e you down memory lane with golden hits and evergreens. Every night is nostalgia night. You'U be mesmerized Variety* Vpm 2m tr**au. v nfk* Sftcul Xn** S*~ ITW<t«Mb r*<
      329 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      734 12 TELEVISION AND RADIO nt^/^/\n/\r% -y\ n/4 AP SBCt2 10.15 Friday at the Movies Hon- 7.00 j f ON RADlti^' I 111 t-*TI MTiMllt ey, I Shrunk The Kids (See 7.22 Maghrib Prayer Call. M 1. J. ™0 AM CNN International 1 1 J Our Choice). 7.30 Captain Harlock And The
      734 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Only the seriously rich need apply
      791 13  -  Mitya New on the gilt-edged banking world of Swiss private banks, traditionally the choice of the the wealthy and infamous Mitya New Reuter DO NOT bother trying to open an account at a private bank unless you are seriously rich they don't want just
      Reuter  -  791 words
    • Article
      Main characters a complete washout
      351 13  -  Rahita Elias reviews Hello Dolly, which played in Singapore last week but left a poor last impression Rahita Elias Hello dolly, which hit town last week. can be summed up in just one word mediocre. While the music, songs and dialogue sparkled, the performers did
      351 words
    • Article, Illustration
      Meryl Streep gives birth to fourth child
      747 13 CHATTERBOX MERYL STREEP has given birth to her fourth child, a girl born in Los Angeles on June 12. She and her husband, Don Glimmer, have a boy and two girls, Henry, 11; Mary, 7, and Grace, 5. Streep and Gummer have homes
      747 words
    • Article
      Lock icon Make them like Stradivari did
      515 13  -  Michael Graczyk on efforts to reproduce the traits of Stradivarius violins Michael Graczyk AP ARMED with computers and recordings and complex measurements that bear little resemblance to musical notes. Joseph Nagyvary can hear and see the elusive sound of the famous Stradivarius violins. The problem,
      AP  -  515 words
  • Page 13 Advertisements
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      248 13 AND ENTERTAIN ?CuRRY POT-^W Spice up yoUf life with the exotic India at Cafe-iin-the-Park '\om 8 June to 30>June 1991. Priccxl at $18.50++ per person. Ijtf Lunch buffet from 12 noon to &30 pm. Dinner buffet from 7 to 10 pm. V V r""" Experience India both culturally and Culinarily!
      248 words
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      Page 13 Advertisements Column 2
      32 13 SUNDAY 1 FAMILY BRUNCH B (S7 for children under 12) TF.EOFF CAFF: MARINA BAY COLF COUNTRY Ct.UB K9 6 MARINA GREEN SINCAPORE 0101 FOR RESERVATIONS Pt EASE C AU. 221 2811/122 4221
      32 words
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  • FOCUS
    • Article, Illustration
      Controls a small price to pay for healthy system
      1912 14 Dr Richard Hu, Minister for Finance, addressed the Foreign Correspondents Association at the Mandarin Hotel on June 18. Reproduced here is an abridged version of his speech on the regulation and development of financial markets THE PhST two decades have seen
      1,912 words
  • Page 14 Advertisements
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      766 14 rjYrS Golden Hope Plantations Berhad P| r rN (Incorporated in Malaysia) Golden Hope Directors: Registered Office: Tun Ismail bin Mohamed Ali (Chairman) 13th Floor, Dato' Abdul Khalid bin Ibrahim Menara PNB, Zain Azahari bin Zainai Abidin 201-A,JalanTun Razak, Mohammad bin Abdullah ***** Kuala Lumpur, Howe Yoon Chong Malaysia Dr. Ng
      766 words
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  • SPORTS
    • Article, Illustration
      Lock icon Agassi looks forward to Wimbledon
      799 15 UPI THE last time Andre Agassi saw Wimbledon he was a 17-year-old unknown who needed identification to enter the grounds. His visit was so short-lived winning merely five games against Henri Leconte that Agassi has few memories of the 1987 adventure. But when Agassi returns
      UPI  -  799 words
    • Article, Illustration
      Lock icon Christie sets brilliant example on track
      562 15 AFP LONDON Britain's European Cup preparations were hit by a series of hiccups as three of Linford Christie's front-line troops suffered shock defeats in the historic international against Germany at Crystal Palace on Wednesday. While Christie led by example with a brilliant sprint double
      AFP  -  562 words
    • Article
      Lock icon McEnroe may go for high-tech training
      703 15 NYT NEW YORK Can a man in search of his organic past find it by consulting the technological future? John McEnroe, once a powerful testament to athletic spontaneity, instinct and passion, may soon enlist the aid of a cold-hearted computer to help recreate the
      NYT  -  703 words
    • SIDE LINES
      • Article
        That's a knockout record of sorts
        134 15 BRISBANE Junior-middleweight boxer Paul Rees may have set a world record by winning a fight in just five seconds, Australian officials said yesterday. Rees was declared a TKO winner over rival Brisbane boxer Charlie Hansen after only five seconds of the first round of
        134 words
      • Article
        Ali sued by businessman
        152 15 LEBANON, Indiana Muhammad Ali is being sued by a businessman who claims the former world heavyweight champion failed to fulfill the terms of a personal appearance contract. Classic Sports Promotions Inc, owned by businessman William Daniels, is suing Ali over a contract the boxer signed in
        152 words
      • Article
        Jaguar blazes on
        86 15 LE MANS, France Jaguar showed it would be hot favourite to win this weekend's Le Mans 24 hours sportscar race when Britons Derek Warwick and Andy Wallace were fastest in Wednesday's first practice. Warwick and Wallace, who won the race for Jaguar in 1988, completed a fastest
        86 words
      • Article
        All Blacks whitewash Cordoba
        60 15 CORDOBA, Argentina The All Blacks. New Zealand's world champion rugby team, smothered a provincial Argentine squad for the second time in four nights, defeating Cordoba Union by 38-9. The exhibition match was the second of nine on the tour that will pit the All Blacks against
        60 words
    • Article
      Lock icon Simpson puts disappointments behind him
      390 15 AP WILLIAMSBURG, Virginia Scott Simpson's road to recovery includes roller-coas-ters, Colonial history, and of course, more golf. "I think the best thing I could do now is to get back out and play again, whether it goes good or bad," Simpson said on Wednesday as
      AP  -  390 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      202 15 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF ELDERS FUTURES PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Cap 50 that a Final Meeting
      202 words
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      Page 15 Advertisements Column 2
      152 15 r OFFICIAL NOTICE We, HAMPTON MARINE PTE LTD of NO. 1, BENOI ROAD, SINGAPORE 2261 hereby give notice that In consequence of CHANGE OF SHIP'S NAME, we have applied to the Registrar of Singapore Ships, under Section 386 of the Merchant Shipping Act (Chapter 179) In respect of the ship
      152 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      STII loses 11.75 points after dipping below 1,500
      4883 16  -  By Magdalene Ng OVERALL weaker sentiment in major international stock exchanges slashed Singapore share prices across the board yesterday, driving the Straits Times Industrials Index below the support level of 1,500 at noon before bargain-hunting helped it to regain some ground. The
      4,883 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4100 17 Main Board SIA 1350 10 H> 7% Spore Bus 500 640 +0.8% Vina 248 4 +1.6% Chuan Hup 128 2.4% l0 257 +2 +0.8% Bousteadco 220 k 2 0.9% Amcoi 25* 182 2 +11% Chuan Hup Wt94 51 1 2 +4.0% Haw Par 246 +1
    4,100 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      526 18 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) par share dividend (000) (cents) ANA Hotus Jun 19 Oec 90 $1,051L($458> —(10) H Megan Jun 19 Oec 90 $1,096($756) 146(101) 10(10) Hind Hotels Jun 19 Oec 90 $3,831 ($1,240) 5 8(1 9) Innovest Bhd Jun
      526 words
    • Article
      PRELIMINARY RESULTS
      258 18 Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend (000) (cents) CK Tang Jun 19 Mar 91 $11,991(110,670) 16.4(24 7) 6(6) Golden Hope Jun 19 Mar 91 M$65.662 ($99,303) 4 7(7.1) 6(9) Hai Sun Hup Jun 18 Mar 91 $23,836($17.429) 12 3(92)
      258 words
    • Article
      INTERIM RESULTS
      173 18 Company Date Half-year Group pro-tax Interim ann to profit/loss (L) dividend (000) Avtmo Jun 14 Mar 91 $1,541($1.571) 5TE(75TE) Samanda Hldgs Jun 14 Mar 91 M$5.558($4,997) Pacific Can Jun 3 Mar 91 $30(5681) Van der Horst Jun 3 Mar 91 $1,517(11,836) KL Kepong May 31 Mar 91 M$45,437($54,588)
      173 words
    • Article
      CORPORATE DEVELOPMENTS
      355 18 June 19 GP Batteries international s subsidiary. Sylva Industries Ltd, has entered into a licensing agreement with US based Ovonic Battery company, that enables it to purchase and market environmentally friendly, high capacity batteries in Asia. Pan Malaysia Rubber Industries will sell its 50% stake in Pan Malaysia
      355 words
    • Article
      DIVIDENDS ANNOUNCED
      1007 18 Current Ex Books Date Total for Total for payment date dose payable the year last year A ana 5%TE Jun 5 Jim 17 Jul 1 10%TE Amcol 25c 10% Jul 5 Jul 17 Jul 31 10% 10% AMFP NYA(e) Jun 19 Jul 4 Aug 15 NYA 28( Awmo
      1,007 words
    • Article
      RESULTS DUE
      765 18 Main Board Last Full Year Company Period Date Year Net EPS Gross Net announced endng (cents) dv profit last year (J'000) Cerebos Interm Apr 27 Jul 91 126 200TE(a) 38.911 Spore Land Interim May 4 Dec 91 126 100 44.641(g) Asia Pacific Interim Jun 22 Sep 91 46
      765 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      1106 18 Prices as at 20.06.91 1 Conversion terms Premium/ Expiry 1 1 1 (discount) h 1 Amount i Optional** using issued 1 Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cash Loan Gearing. Date Mths units) i stock ratio price nom Stk Left value S S
      1,106 words
    • Article
      APPROVED ISSUES
      433 18 Company Rights Issue Mean One-tor two <& MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MJO 10 each at MSI per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR for every 4 CRPS Ex-date Jun 7 Books
      433 words
    • Article
      PROPOSED ISSUES
      482 18 Company Rights Issue Bolton One for-four < n M$2 00 per share Issue of $90 978m nominal amount of 351 Redeemable Unsecured Guaranteed Bonds 1991/% with *****m detxhable warrants on the basis of 12 nominal amount of Bonds for every three existing shares held Every $2 nominal amount
      482 words
    • Article
      BONDS, LOANS & WARRANTS
      879 18 BONDS, LOANS WARRANTS Company Conversion period Conversion term for mm ordinary share Wt Before 30/6/94 1 warrant plus HK$1 00 cash CM Wt Before 26/4/93 1 warrant plus $309 cash Causeway Lew Causeway Wt 2/10/89 to 20/10/94 1 warrant plus SO 77 cash or 1 warrant plus SO 77 nominal
      879 words
    • Article
      COMPANY MEETINGS
      240 18 Bandar Raya Developments Bhd: 27tti AGM at The Ballroom. Lower Lobby. Parkroyal Kuala Lumpur. Jalan Sultan Ismail. ***** Kuala Lumpur on Friday. Jun 21. at 3.30pm Dunlop Estates Bhd: 24th AGM at The Ballroom. Lower Lobby. Parkroyal Kuala Lumpur. Jalan Sultan Ismail. ***** Kuala Lumpur on Friday, Jun
      240 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      317 18 NOTICE THE COMPANIES ACT, CAP. 50 BESTPLY ENTERPRISE* PTE. LTD. ON VOLUNTARY LIQUIDATION) At an Extraordinary Qanaral MaatIrtg 0# tha Mambare of BESTPLY ENTERPRISES PTE. LTD. duly convanad and haid at 101 Uppar Croaa Straat #04-43 Paopla'a Park Cantra. Singapore 0106 on tha 13th day of Juna 1991, tha following
      317 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Late bargain-hunting pares early losses
      4260 19 Bernama A LACK OF fresh incentives led share prices on the Kuala Lumpur stock market to a lower close yesterday although late bargain-hunting helped to reduce losses. The KLSE Composite Index fell 4.84 points to 623.20 while the Industrials Index was 2.55 points lower at
      Bernama  -  4,260 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      108 19 BUSINESS TIMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 r > Tft/s announcement appears as a matter of record only ALLIANCE TECHNOLOGY AND DEVELOPMENT LIMITED GROSVENUE SDN BHD A Subsidiary of Alliance Technology and Development Limited M 518,000,000 PROJECT FINANCING FACILITY Arranged by WOCBCMI^ OVERSEA-CHINESE BANKING CORPORATION LIMITED, SINGAPORE Capital
      108 words
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      Page 19 Advertisements Column 2
      627 19 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF HONEYWELL COMPANY PRIVATE LIMITED (In Member's Voluntary Liquidation) NOTICE OF SPECIAL AND ORDINARY RESOLUTIONS [Pursuant to Section 290(2)(b)] At an Extraordinary General Meeting of the Company held at 360 Orchard Road #07-06 International Building, Singapore 0923
      627 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end modestly up after three-day fall
      2194 20 Reuter BARGAIN-HUNTERS, aided by a stronger yen and firmer bonds, put the brakes on Tokyo stocks' three-day slide yesterday, helping the Nikkei end modestly higher. Brokers said the absence of sellers came as a pleasant surprise, but warned that the market lacked the
      Reuter  -  2,194 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks drift lower in thin, featureless trade
      1951 20 Reuter SHARE PRICES on the Hongkong stock market finished lower in thin, featureless trade, with Wall Street's 31-point drop on Wednesday the main impetus, brokers said. "The market just drifted lower, with some more overseas selling, mostly on rumours from London," said a
      Reuter  -  1,951 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Thai stocks fall two days in a row
      • Article
        BANGKOK
        938 21 THE Thai bourse fell for the second consecutive day yesterday amid twin rumours of a devaluation of the baht and the resignation of Prime Minister Anand Panyarachun, an official at the Securities Exchange of Thailand (SET) said. The SET index closed at 773.03, down 19.61 points or 2.47 per
        938 words
      • Article
        AUSTRALIA
        868 21 AUSTRALIAN SHARES fell sharply yesterday on the back of slumps in three major world markets. Brokers said local and offshore inves- tors followed international trends and took profits. "It was disappointing, buyers just ran for cover," Ord Minnett broker Eric Gale said. He said Wednesday's drop in Tokyo, where
        868 words
      • Article
        JAKARTA
        623 21 JAKARTA STOCKS yesterday vv <• sluggish in thin trading led by one and sentiment showed little sign of proving, dealers said. "We're still suffering from incre poor sentiment locally and abroad, foreign broker said. The index rose 0.71 points to 3>* on turnover of 2.6 million shares. Textile firm
        623 words
      • Article
        MANILA
        579 21 SHARES in Manila retreated fro Wednesday's rise as the market becvrr sensitive in the face of uncertainty :tv--the fate of US military bases in tb.: Philippines, following the dania wrought by Mount Pinatubo's erupt;ot The Manila Stock Exchange conr.pr ite index closed at 1,101.16 points af* i a 12.20-point
        579 words
      • Article
        Untitled
        1215 21 Seoul Won (TO) low 19 Anam Electric Ind 172 unch Vnam Ind 204 unch 4nkuk Insu 263 2 Asia Cement 201 unch Asia Motors 190 1 Bank Of Che Ju 138 .2 Dank Of Pusan 123 2 Bank Of Seoul 101 1 Jyuck San 152 2 Theil Sugar 231 +1
        1,215 words
      • Article
        NEW ZEALAND
        69 21 LEADING New Zealand shares ended lower for the first time in a week in thin trade, reflecting sharp falls on major overseas bourses. In the absence of significant domestic news, local equities traders would continue looking overseas this week for direction, said John White of Cavill White Securities.
        69 words
      • Article
        TAIWAN
        170 21 THE Taiwan stock index ended below 6,000 points on a technical correction but buying at the market's lows showed investors were optimistic, dealers said. The weighted index lost 53.64 points to close at 5,976.14 compared with Wednesday's 6,029.78 finish. Turnover was a fairly strong NT543.6 billion against NTS42.I billion.
        170 words
      • Article
        INDICES & TURNOVER
        87 21 INDICES TURNOVER CWwe Pruioiis June 20 SYDNEY All Ordinaries Index 1,503.4 1.518.3 -14.9 All Industrials Index 2.3250 2.343 1 -18.1 All Resources Index 874 8 886.8 -12 Turnover (million) 88.71 89.40 -069 BANGKOK SET Index 773.03 792.64 -1961 Turnover (million baht) 3.657 4,170 -513 JAKARTA Composite Index 374.63 373.92 +0
        87 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        330 21 la local urtacy la 91 la US$ day year day yaar day year Jaac 19 Index change chaage dhaape chaapt change change World 404.8 •1.1 13.0 •12 9.4 -0.9 6.5 |EAFE Europe 526.9 -1.6 111 -1.3 4.9 -1.0 2.0 433.5 -0.9 18.9 -0.5 2.6 -0.2
        330 words
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  • WORLD STOCK MARKETS
    • Tokyo's plunge unnerves other markets
      • Article, Illustration
        NEW YORK
        1334 22 WALL STREET ended a shaky session with its biggest drop in five weeks as the utility index, led by Columbia Gas System, plummeted nearly 5 per cent. Steep drops in overseas equity markets, including a 2.79 per cent fall in Tokyo, paved the way for an early sellolT
        1,334 words
      • Article, Illustration
        LONDON
        803 22 SHARES IN London closed slightly lower with prices dragged down by a £489.4 million rights issue at Sainsbury and a disappointing performance from the newly privatised Scottish electricity companies which began trading on Wednesday. "Sainsbury provided the excuse for the market to go down after Wall Street's lower close
        803 words
      • Article
        FRANKFURT
        182 22 THE Frankfurt stock market was de- pressed on Wednesday, and the DAX spot trend indicator closed at 1,683.03 points, down 12.39 points or 0.73 per cent from Tuesday. The Commerzbank indicator was off to 2,000.6 at the close, down 8.7 points. Analysts said the weak tone was due to
        182 words
      • Article
        AMSTERDAM
        334 22 DUTCH SHARES closed lower in quiet trade following the release of somewhat disappointing US trade report and the weaker dollar, dealers said. The report showed a US$4.7B billion April trade deficit, well above market expectations of US$4.l billion. The CBS tendency index closed down one point at 95.2, just
        334 words
      • Article
        PARIS
        198 22 THE French CAC-40 blue-chip index finished below the psychological 1,800 level for the first time since April 30, and dealers noted foreign investors were prominent among the sellers. The index closed 32.44 points or 177 per cent lower at 1,798.19, in moderate volume of just over two billion francs.
        198 words
      • Article
        MILAN
        167 22 A COMBINATION of profit-taking, domestic political tension and the over- night price slide in Tokyo hit Italian shares, but some blue chips recovered slightly to close above the day's lows, brokers said. The MIB index dropped 11 points or 0.92 per cent to close at 1,183. Volume was estimated
        167 words
      • Article
        ZURICH
        311 22 SWISS share prices closed at the day's lows in lacklustre trading, with weak European markets and Wall Street's sharply lower opening pulling stocks down, dealers said. The all-share SPI index fell seven points or 0.63 per cent to close at the day's low of 1,111.5 points. Blue chips fell
        311 words
      • Article
        BRUSSELS
        173 22 BELGIAN SHARES fell at the close in a late trading spurt as a lower opening on Wall Street added to the market's unease following the drop overnight in Tokyo. Dealers said prices also were depressed by position squaring on the last day of the forward account and higher domestic
        173 words
      • Article
        JOHANNESBURG
        419 22 INDUSTRIAL SHARES again took over the running in Johannesburg on Wednesday, continuing their recent re-cord-breaking advance amid persistent bullish sentiment and a lack of scrip, dealers said. Gold shares ended the day narrowly mixed, showing little response to world bullion prices which held quietly at softer levels. Dealers said
        419 words
      • Article
        TORONTO
        241 22 TORONTO STOCKS partly recovered from an early drubbing to close moderately lower, dealers said. Heavy losses in Japan's Nikkei index spurred a sellofT in the first few minutes of trade before a late spurt helped lift the market to the day's highs. The composite index unofficially closed off 23.9
        241 words
      • Article
        Untitled
        43 22 Vienna June 18 Asch Akg Holding 5540 140 E Allgem (PreO 3650 100 Jungbunzl 9800 120 Laenderbank (Pref 675 4 Lenzing 1501 9 Leykam 460 6 Montana Oesterr Brau 4700 80 Semperit 119 2 Stcyr 404 2 Veitscher 694 8 Source: Austrian Laenderbank
        43 words
      • Article
        INDICES & TURNOVER
        84 22 INDICES TURNOVER NEW YORK Close June 19 Previous Dow Jones NYSE Financial S& P 500 Turnover (million) 2,955.50 2,986.81 150.94 151.99 ***** 378.59 159.7 156.3 -31.31 -1.05 -3.50 3.4 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.952.2 2,484.7 473.0 1.971.9 2,516.0 574.5 -19.7 -31.3 -101.5 AMSTERDAM CBS Tendency Index
        84 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      34 22 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotlines 740-1839. 740-1840. On target, chartpoint in BT on Saturday
      34 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Stop-loss selling sends greenback crashing through support levels
      1209 23 REPORTS THE American dollar fell sharply on afternoon stop-loss selling yesterday, breaking through key support levels. The US dollar crashed through support at 1.7840 mark and 139.50 yen. before finishing at 1.7790/00 mark and 138.92/97 yen from New York's Wednesdav close of
      1,209 words
    • Article
      INTERBANK FOREX RATES
      470 23 Cross rates June 20 f I'SS SS 1 MS Dm Yen i Sir \S N/S USS 1.7785 2.7820 ***** ***** ***** 1.5380 1.3115 1.7361 SS 0.5623 1.5642 1.0062 0.7872 0.3446 0.8648 0 7374 0 9762 MS 0 3595 6393 '6412 0 5032 0.2203 0.5528 0.4714 0.6241 Dm
      470 words
    • Article
      MONEY MARKET
      539 23 Interbank rates SS Bid < Iflfer Overnight 4 15/16 5 1/16 I -month 5 V/16 5 11/16 2-month 5 11/16 5 13/16 ?-month 5 13/16 5 15/16 Overnight mode 5-1/4 LSS Bid Offer 7 days 6 1/16 6 3/16 1 month 6 6 1/8 2 months 6 h
      539 words
    • Article
      Lock icon Nordic ministers like currency link with ECU
      366 23 Reuter STOCKHOLM Finance ministers from Norway, Finland and Sweden said they were pleased with their nations' recent currency linkages with the European Currency Unit (ECU). But Finland's Finance Minister liro Viinanen said it would take three or four years to balance Finland's economy.
      Reuter  -  366 words
    • Article
      Lock icon Bulgarian unit stabilises against US$
      230 23 Reuter VIENNA Bulgaria's currency, the lev, has stabilised at close to 18 to the US dollar since a foreign exchange market was created in February. and convertibility is planned later this decade. National Bank president Todor Valchev said. Mr Valchev told a news conference that
      Reuter  -  230 words
    • Article
      FINANCIAL FUTURES
      1200 23 SIMEX EURODOLLAR Open High Low Sett tsl Vol Op/lnt Vol Sep 91 93 48 93 49 9 3.47 93 .48 4030 ***** 5220 Dec 91 92.87 92 .90 9 2.87 92 .88 5800 ***** 4969 Mar 92 92.77 92 .80 9 2.77 92 .78 2000 8302 IS05 Jun
      1,200 words
  • Page 23 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Anglo-American sees good future for gold
      387 24 Reuter HARARE South Africa's Anglo American C'orp is bullish on gold's future with demand expected to outstrip supply in the *****. Anglo's top gold official said. Clem Sunter, executive director of Anglo and chairman of its gold and uranium division. said producers hoped for
      Reuter  -  387 words
    • Article
      Lock icon World must help stabilise oil market or face shortfall: Opec
      278 24 Reuter LAGOS A senior Opec official urged consumer nations on Wednesday to help stabilise the world oil market and enable producer nations to invest in increased production capacity and avert a future supply crisis. "If a cloud of uncertainty hangs
      Reuter  -  278 words
    • Article
      KLTM tin price softens on high offerings
      825 24 REPORTS THE PRICE of tin eased nine sen to VIS 15.56 per kg on the Kuala Lumpur Tin Market on high offerings yesterday. Dealers said the London Metal Exchange was up by USSS a tonne. The tone was steady but activity was mostly
      825 words
  • Article
    PRICES
    1493 24 Rubber June 20 RAS (fob in bales) S cents/kg 1 Noon Close nt 1 RSS Prompt 147 50/MX M)N 147 (10/MX OON nt 1 RSS July 41 144(H)/144 50 MX 50/144 00 nt 1 RSS August 151.00/151 50 150.50/151 00 I nt 2 RSS OP 147 M)/I4'< JON 147.*****4
    1,493 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1449 24 BUSINESS TIMES TKLEPHONE. 730-5771/5772/5773 FAX: 734 4982 A refurbished 8-storey office building Excellent location Next to Outrom Park MRF Station Various office sizes up to 30,000 sq ft Ample carparking Business Centre with full facilities Sol* Marketing Agent I 11 Collyer Quay »< 3-01 ES THE MATTER OF THE COMPANIES
      1,449 words
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      Page 24 Advertisements Column 2
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1153 25 City Flight ETA Flight ETD City Flight ETA Flight ETD Abu Dhabi GA976 0010 j Karachi SQ418 1815 GA890 GA970 0150 2245 Kota Kinabalu MH63I 1520 MH630 0950 Adelaide QF7 1815 Kuala Lumpur MH640 MH630 0805 0855 MH602 SQ102 0700 0730 Amsterdam KL837 SQ23 SQ23 1255
    1,153 words
  • THE TRAVEL PAGE
    • Article, Illustration
      By-ways of Russian history
      537 25  -  POSTCARD FROM RUSSIA By Serge SchmeMann TO DRIVF. from Moscow to Leningrad in the springtime is to wander through the back roads of Russian history. The high-rise boxes of Moscow give way quickly to a panorama of whimsically painted wooden huts listing in the mud. to
      537 words
    • Article
      MONEY CHANGER RATES
      155 25 As at 3pm yesterday: I/H-al dollars to one unit of foreign currency C urrencies Bid Offer Australian dollar 1.355 1.375 C anadian dollar 1.545 1.575 NZ dollar 1.015 1.045 Sterling pound 2.910 2.940 US dollar 1.7700 1.7800 IxrhI dollars to 100 units of foreign currency Austrian schilling
      155 words
    • Article
      WORLD TRADE EXHIBITIONS
      64 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel June 18-22 Asia's Ini'l World Trade Reed F.xhibition *****13 June 18-22 Asia's World Irade Reed Exhibition *****13 Exhibition Centre. Companies International Centre. Companies of Packaging Singapore Exhibition of Singapore Machinery Printing. Graphic Materials Food Arts Equipment Processing
      64 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      42 25 Only Finnair would fly round in circles to London. Every Tuesday and Friday from Singapore to Helsinki and on to London via The Great Circle Route. Get round to calling us today. The number's *****77 Wr know Kurop** from start to Kinnish.
      42 words
    • Advertisement
      Page 25 Advertisements Column 2
      18 25 WHY DO BK STARS SM FROM SINGAPORE? M\ IMI n and much Wliy- Prom lunch-time. Monday to Saturday.
      18 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      278 25 Harry is frightful beast ■■l HI IH without love (7) J® 9 Striking entails disruption ■■l 10 1 a glow —it's the illicit drinking place! (7) 11 Additional support for fish MH 12 State the important BB_—JBH 13 Horses tread on such am15 Give short change in error 17 Gloomy
      278 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      216 25 Singapore Outlook: Pair except for showers over a few areas in the afternoon. Report: Maximum temperature 32.6 Assoc humidity 60% Minimum temperature 26.1° Assoc humidity 94% Hours of sunshine 8.50 Rainfall in mm Trace Rainfall this month 94.9 Rainy days this month 7 World report Asia-Pacific Ili/Lo* Cond. I ~nd
      216 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      33 25 h.taSMiSffiraaW! -Cw r r l f\S W£ E.NTeANC£ THKT FbRISTOIJ SPRANG FP.CG. TudNS A5.H6M.... rgn f Lj T 1 1' V'V',' ■1 1 i '',il 1111 J STANDARD CO LTO 1962-1991 8451 Q-^C^O-^
      33 words
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  • Article, Illustration
    How to make Singapore a home, not a hotel
    666 26  -  There must be emotional attachment, says BG Yeo By Anna Teo HAVING built a state. Singapore must now develop a soul. It needs a whole array of civic groups as points of emotional attachment between the people and the country, said
    666 words
  • Article
    Lock icon Big Blue's results may make analysts see red
    313 26 Reuter ARMONK. New York International Business Machines Corp expects its 1991 second-quarter results to be below the expectations of industry analysts. It said in a statement yesteiday that its performance was being hurt by global economic weakness, competitive piessures and the transition
    Reuter  -  313 words
  • Article
    Academics forecast 7.5 to 9pc economic growth next year
    295 26 THREE academics from the National University of Singapore concur with the government's forecast of a 6 to 8 per cent economic growth for Singapore this year and have forecast a higher increase of 7.5 to 9 per cent next year. Miss
    295 words
  • Article
    Lock icon MAS consolidated operating pre-tax profit up 4pc
    328 26 Bernama KUALA LUMPUR Mala) sia Airlines (MAS) has announced that its consolidated operating pre-tax profit for the year ended March 31 rose 4 per cent to M 5201.99 million (SS 128.97 million) from MS 194.11 million a year earlier. In a statement released
    Bernama  -  328 words
  • Article, Illustration
    Lauw family buys NSW properties
    444 26  -  A534.4m paid tor shopping centre, office block From Florence Chong in SYDNEY SINCiAPORE-BASED investor S L Lauw and his family have bought two properties in New South Wales for a total of A 534.4 million (5544.8 million). The properties were bought by a company known
    444 words
  • Article
    Lock icon Bundesbank unhappy with mark-US$ rate
    375 26 Reuter LONDON Bundesbank president-elect Helmut Schlesinger has said that the German central hank is not happy about recent movements in the dollar/mark exchange rate. Citing the current rate of 1.77 marks, he said yesterday. "We are not happy but it could be worse." Mr Schlesinger.
    Reuter  -  375 words
  • Article
    Lock icon Rao elected Congress leader after rival Pawar backs down
    488 26 Reuter NEW DEL 111 The longdominant Congress party elected veteran PV Narasimha Rao as leader yesterday to succeed assassinated Rajiv Gandhi. making him almost certain to he India's next prime minister. Newly elected C ongress members of parliament acclaimed Mr Rao.
    Reuter  -  488 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      128 26 Nikon\ The World's Finest Photographic Systems j BUSINESS TIMES TELEPHONE: 7 *0-5957/59 02/5942 FAX: 7M-4 9 8 2 James Capel V INVESTMENT ANALYST James Capel, a member of tho I longkongßank Group, and one of the world's leading research oriented stockbrokers, seek analysts to join their new Kuala Lumpur office:
      128 words
    • Advertisement
      Page 26 Advertisements Column 2
      68 26 Nikon The World's Finest Photographic Systems FOR SALE En Bloc A PRIME 12-STOREY RESIDENTIAL DEVELOPMENT AT CUSCADEN WALK/AUGULLIA PARK Within 5 minutes walk to Orchard H i MRT Station lEff !Tr~S 3 Freehold tenure Mj3(r' A *11 units of 4-bedroom apartments 7 Typical floor size 3,762 sq ft J*l IIJ
      68 words
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  • Shipping Times
    • Article
      Harpers, Ugland to start ship management firm
      313 27  -  By Magdalene Phang SINGAPORE shipping agent Harpers Shipping and UKbased Ugland Brothers have come together to open a new marine management firm called Ugland-Pacific Services Pte Ltd. The joint venture, in which Ugland and Harpers each owns a 40-per cent share, is expected
      313 words
    • Article, Illustration
      Lock icon United Airlines' traffic increases, but yields fall
      442 27 AP NEW YORK United Airlines. the second largest US carrier, said on Wednesday that plenty of people are flying. but the increase in trafficis not bringing in more money. United said the air travel industry got people flying again by cutting fares sharply
      AP  -  442 words
    • Article
      Lock icon us airline starts flights to Vietnam
      243 27 UPI BANGKOK The first US airliner to touch down in Vietnam since the end of the Vietnam war in 1975 is set to fly to Ho Chi Minh city next week, opening a slight crack in the US embargo. Northwest Airlines announced yesterday. A
      UPI  -  243 words
    • Article
      Lock icon Second-hand ship market set to break summer lull
      476 27 Reuter I ONIX)N Ship operators are pushing up prices of sec-ond-hand vessels in their rush to take advantage of buoyant freight markets, brokers said "Traditionally, you expect prices to lighten up over the summer, but it hasn't happened this year," one broker
      Reuter  -  476 words
    • Article, Illustration
      Lock icon US senate passes Bill to overhaul transportation system
      459 27 NYT WASHINGTON The Senate on Wednesday night overwhelmingly approved the first major overhaul ol the federal transportation system in 35 years, a eomprehensive package that puts new emphasis on mass transit and repairing the nation's deteriorating roads and bridges. And in what
      NYT  -  459 words
    • Article
      Non-English films for SIA flights
      119 27 SINGAPORE Airlines is introducing non-English tilms on its long-haul flights soon. From this month, the national carrier will screen movies in English and one other language French, German or Japanese on 8 7 47 flights lasting more than five hours. In addition. SIA has in-
      119 words
    • NEWS SUMMARY
      • Article
        Seven countries sending ships to NZ celebrations
        79 27 WELLINGTON Only seven of 24 invited nations will send ships to the Royal New Zealand Navy's 50th birthday celebrations later this year, navv spokesman Lawrence Tye said. Among those sending vessels are Western Samoa. Vanuatu and Tonga, which will send small patrol boats.
        79 words
      • Article
        Changes in Aussie airline industry
        54 27 AVIATION has played a special role in the development of Australia since the formation of Queensland and Northern Territory Aerial Services, now known as Qantas. in 1920. However, a strict regulatory regime minimised competition by limiting the domestic market to two airlines Australian Airlines and
        54 words
      • Article
        Ministers seek talks with US
        34 27 MINISTERS from the four Airbus Industrie nations said they hoped the US would agree to multilateral talks on aircraft industry subsidies under the Ciatt Civil Aircraft Code Back Page
        34 words
      • Article
        UTC sees flat 1991 turnover
        26 27 UNITED Technologies Corp's aerospace and defence businesses are likely to have 1991 turnover even with 1990's USSI 1.3 billion Back Page
        26 words
    • LOG BOOK
      • Article
        Cable-laying ship to be christened today
        52 28 iil Ol*l SI 11XII the second cable-laying ship built by lar Last l.evmgston. will he christened todav by Mrs Kathy Willcoxon, wife of Mr Sam Willcoxon, group executive and president, international, of \T& 1 The $1(K) million ship was commissioned bv owners \T&T and
        52 words
      • Article
        Maersk sponsors PSA exhibits
        42 28 DANISH carrier Maersk I.ine will sign a contract with the Port of Singapore \uthoritv on June 25 to sponsor exhibits at the Singapore Maritime Showcase. The $345,000 exhibits include a 36-screen video wall and a container ship model.
        42 words
      • Article
        Chinese delegation in Rangoon
        95 28 BANGKOK A Chinese trade and aviation delegation held talks in Rangoon on Wednesday with Burmese Transport and Communication Minister Lieutanent General Tin Tun. Radio Rangoon said. The official radio said the talks were on the extension of flights by the state-run Myanmar \irways Corp from Rangoon
        95 words
      • Article
        Air France-Aeroflot joint deals
        71 28 PARIS State-owned Air France and the Soviet Union's Aeroflot will work together on three joint projects in Moscow, Kiev and Leningrad, Air France announced. A statement released after talks in Paris between Soviet Civil Aviation Minister Boris Panyukov and Air France President Bernard Attali said the
        71 words
      • Article
        Two companies tighten links
        76 28 PARIS French state aircraft and missile maker Societe Nationale Industrielle Aerospatiale said it has decided to tighten links with Germany's Deutsche Aerospace, a unit of Daimer-Benz AG. Aerospatiale said the two groups have created a joint committee at the corporate level in charge of harmonising their
        76 words
      • Article
        Oil spill in Florida waterway
        71 28 PORT EVERCiLADES, Florida A Panamanian registered eargo ship spilled over 600 gallons of fuel oil into Florida's intraeoastal waterway when workers overfilled the freighter's fuel tank, a US Coast Guard spokesman said. Clean-up workers surrounded the ship. Golden Hill, with booms to eontain the spilled
        71 words
    • Article
      DAILY FREIGHTS
      1141 28 TALK of firm rates for July loading Panamaxes. especially in the Atlantic, supported chartering in the dry cargo market on Wednesday, brokers said. The Baltic Freight Index rose two points to 1.706 with advances seen in most single voyage routesafter recent buoyancy in the time-charter sector. The US
      1,141 words
    • Article, Illustration
      Lock icon Changes in the Aussie sky
      981 28  -  Kevin Brown explores the prospects for the Australian aviation industry following the deregulation of the market in October last vear. Kevin Brown FT Aviation has played a special role in the development of Australia since 1 the formation of Queensland and Northern Territory Aerial Services,
      FT  -  981 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      577 28 June 17 Carbon Carbon DensityWater Residue Ash Aluminium Sediment DensityWater Residue Ash Aluminum Sedment -c M M M M E»ion Euon KG M*3% V V PPM method KG/M*3% V/V MM MM PPM method ISO/Dmac limits Spec E25 9911 0 15 0 0 10 30* 0 10*
      577 words
    • Article
      THE SHIPPING GUIDE
      8458 36 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
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    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        604 43 Vessel Voy No Berth Amval Departue Vessel Voy No Berth Arrrval Departue Keooel Wharves San Batam S63 M3B 2106,0900 2206/2300 C Express 07A/91 K32 alongsde 2206/1100 JfJ 91 J 1 5! £25 CoraPcess 036 H29 alongside 20 06/1800 Transtx,,k J* j" 5nnfi ww uS/nSn Kota Pusaka E
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      • Article
        CONTAINER SCHEDULE
        1346 43 7171 a G OF EXPORT FCL CONTAINERS AND LCL CARGO Sh» Voy No Etb/Btr Record Period Boofcing/Balanct From To Mb From Agostm Neto 10-91E 22/1100 20/1700 21/1200 21/0659 21/1459 21/0900 21/1700 AMa Bhum 500N 21/1530 20/1500 20/1659 20/1900 Albert Ms 9106 22 0500 20/1500 21/0700 9 9 20/1900
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      • Article
        IN MALAYSIAN PORTS
        200 43 JohofC Port Berth: 1: Barge HB 1856. 2: Melaka Jaya No 3; 3: Jotian Pearl, Song Da; 4 La Richardais: 5: Kapitan Anistratenko; 6: Uni Summit. Oi jetty: Bow Fighter, Santi DCJ: ml Due on June 20: Kyoei Maru No 1. Great Field Due on June 21:
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    • Article, Illustration
      Lock icon Airbus seeks talks with US
      441 44 Decision on 130-seat plane will be postponed until 1992 Reuter PARIS Ministers from the four Airbus Industrie nations said they hoped the US would agree to multilateral talks on aircraft industry subsidies under the the Gatt Civil Aircraft Code. "We regret that a bilateral accord
      Reuter  -  441 words
    • Article
      Lock icon Australian port workers end strike
      140 44 Reuter SYDNEY Australian waterfront workers returned to work yesterday after a 24-hour strike whieh delayed at least 45 ships in major ports across the country, a Waterside Workers Federation (WWF) spokesman said. The walkout was a protest against Tuesday's decision by the Industrial Relations Commission
      Reuter  -  140 words
    • Article
      Lock icon UTC sees flat 1991 turnover for aero sales
      352 44 Reuter PARIS United Technologies Corp's (UTC) aerospace and defence businesses are likely to have 1991 turnover even with 1990's US$ll.3 billion, a top official said. "It will be flat primarily because the commercial segment of the business is in a recession," Arthur
      Reuter  -  352 words
  • Page 27 Advertisements
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      299 27 BS WEE HENG METAL CO PTE LTD 11 ru/w *vt u siMGAPont TELEX HS 2ca/« SMMCPL TEL:B6I 5855(5»n*«| TELEFAX 8«1K4« »«g« ol I»HJ ACtSI f< !&> roiqu* Mxuroir. tuutsu I Convahw iiiaiijino, moontAtA jjft Ui«*« LPO fMil irrnfj tM S *"*V MjNjß CanlMnm H*nUt* »nd Stjltt **«"0U»» Tru<*« Std«n* MMitg
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      Page 27 Advertisements Column 2
      27 27 Container Schedule 17 Daily Freights 2 Inden to Advertisers 3 Shipping Guide 10.11 Ships Port 17 Singapore Tides 17 Vefitas Report 2 Weather and Sea Conditions 17
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      133 28 APPOINTMENTS AN INTERNATIONAL SEAFREIGHT FORWARDING/ NVOCC CARGO CONSOLIDATOR INVITES APPLICANTS FOR THE POST OF SHIPPING CO-ORDINATOR GCE 'O' level or equivalent Able to type accurately Well versed in both import export documentation Mm 1 year related working experience ACCOUNTS ASSISTANT GCE 'O' level LCCI higher accounting With working experience Able
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      2418 29 JARDINE SHIPPING ACCNCIES <*» Cantonment Road #12 05 Southpomt, Singapore 0208 AllVfr Tel *****11 TELEX NO RS ***** ■-life-VflßtS TERMINAL,CFS Tel *****18 220 BOOKINGS Tel *****34 258 L VW# .J PESAKA JARDINE SHIPPING AGENCIES SDN BHD t'ORT KEtANG TEL. *****18 TELEX MA*****/MA39/01 PENANG TEL *****4 TELEX NO MA***** CFS TEL
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      Page 29 Advertisements Column 2
      1230 29 INDEX TOWWRIjSERS Pagi- Col l»a({t' Cid [A 1 M 1 ABC Containerline 12 1 VI f K Frwdg 13 1/2 Accord Group 8 1-3 Mac-Nels Agencies 14 1/2 Aeropak Express 9 5 Vlacoline 18 3 AFS 15 2 MadjuSdnßhd 15 1/2 Ahrenkiel Liner 16 4 Vlaersk Line 3 4/5 Allied-Link
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      2551 29 ■qimrni TWO SAILINGS PER WEEK TO USA SINGAPORE/TACOMA 18 DAYS ETD WEEKLY TUESOAY AND WEDNESDAY SINGAPORE/LONG REACH 19 DAYS Vessel Voy ETA j ETD "Port Pen an g S W Kelang DESTINATIONS Th»§ Mae r s* 9 1 06 Feeder by —16/6 0600 HRS M CfS 17/6 2359 MRS OAK
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      1217 30 Irottedam/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE HANNOVER EXPRESS 03/324 2376 w77 12/7 15/7 16/7 KATSURAGI 06/125 27/6 13/7 16/7 15/7 THAMES 06/325 30'6 17/7 19/7 22/7 23/7 j. ALL WEST SOUND P LA SEINE 19/126 4/7 25/7 23/7 22/7 KELANQ 8 PCNANC CARGO BREMEN EXPRESS 03/326
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      Page 30 Advertisements Column 2
      691 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I 2304E 3/7 15/7 17/7 23/7 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA. PAGO PAGO. APIA t NUKUALOAFA DIRECT CHILE SERVICE SIN lOQ ANF VAP CLX (PERU) SEASPAC I 2304E 3/7 5/8 6/8 11/8 12/8 Agents .•(If, M.M.APOKK *****11 "W Jarriim*
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      Page 30 Advertisements Column 3
      1579 30 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOund FOR £UAOPE VSL/VOY SIN ALG BCL HAM BRE ROT ANT Fa I HA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA SAMANTHA 9115-3 21/06 12/07 14/07 17/07 18/07 19/07 20/07 21/07 22/07 NOKASIA SUSAN 9116-3 29/06 18/07 19/07 22/07 23/07 24/07 25/07 26/07 28/07 NORASIA
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      2266 31 ®jjjSteamers Maritime Holdings Ltd V Pfflit mm STRAITS SHIPPING Containers Voy No +-Pen/ fkl S port Alg Sou Ant Rot Hb| CARDIGAN BAT 05J2 15. Ml 7 M 22/04 09/07 11/07 13/07 ACCEPTS DW SAM.S IIC« MAtASH 1101 22 06 24 06 2« 06 11/07 14/07 13/07 17/07 CARGO KOM.OON
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      Page 31 Advertisements Column 2
      2380 31 TO: U.S.A./PANAMA FM: U.S.A./PANAMA i«SSIL, WT V OAK IC« CKI fOB S«» WO* WTC »OY WTC NOW CHI LM OA* ATLANTIC SfWATON CIH9 17/7 lt/7 21/7 I/I 4/1 MO TOtK MNATON N« lit l/J 10/5 11/5 17/5 2f/5 27/5 05* UNA TO* 1F125 Ml 2«/7 Ml 4 1 10/1 11/1
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      Page 31 Advertisements Column 3
      380 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL VOT Isp [p« piuc i~KK Mm mux* n "iTrt I I COSMIC PIONEER 14 ~Wt li/6 I I BAABUIAH 1 177 i ASIA VENTURE 7 17/6 "5/J ORANGE MOON 14 7776 Hit KOUSHUN li 2/7 1 TROW 77 li~6 ASIAN
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      715 32 hU CR NBR **********0 O EXPRESS SEMI-CQNTAINERSHIP SERVICE TO EUROPE V 0» iwi~~ ROAM AD»M KBURG BREMEN ANT#tRP MAIARAM 29N8 22 6 22 27/7 31/7 3 SRHWIAT* VWB 14 S 3 9 9<» 12 M/» HUTAI 23*8 125 S 26 9 110 610 10 10 FAST TRANSIT TIME ACCEPTING BREAK
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      Page 32 Advertisements Column 2
      1151 32 Z S. )ML HANJIN SHIPPING *****111 111 l 111 111 I lII— S'pwel LEH RTM ANR HAM BRV FEL IfffDERVSI. SW"! EINF HAUt LGB OAK HANJIN KAOHSIUNG 004W 23 6 11 '7 12 7 13 7 13 7 15 7 16 7 I SINGA pod E 002 E 1/7 DIRECT
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      Page 32 Advertisements Column 3
      1439 32 Inn SO> t*G KSG RLE PUS HRT OS* NGY SM2 TYO IM CHS BM NYCLWMM WM Ilf «G PSO CMB PKI SGT I E GROWTH W 032 IS tlnPi 26 S 27/t »/S 2/7 4/7 6'7 7/7 1/1 9720 7 1/1 3 S/« 148 15 116 I 17,1 191 291
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      2069 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: NEPTUNE LINK TEL: *****00 USA SERVICE-*****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE-*****19 DOCUMENTATION DEPT: *****44/*****14 AUST/INDIA/PAK SERVICE -*****18 CFS: K27 EXPORT: *****53/*****04 FAR EAST SERVICE -*****48 CFS: K27 IMPORT: *****69/*****50 nay m nepline son bhd Malaysia K.L.-(03) *****33, P. KelancHo3)
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      Page 33 Advertisements Column 2
      1206 33 m 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) FULL CONTAINERSHIP SERVICES EASTBOUNO—DISCHARGING WESTBOUND—LOADING TRANSHIPPED VIA ROTTERDAM KMIH wi |w |m« ma voy |iiw Ipwl |kc |bhv
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      Page 34 Advertisements Column 1
      2048 34 KW J** f f AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W V TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****79 |4 MALAYSIA: "K" UNE MARITIME (MALAYSIA) SON BHD 1 AHL Ml*J JL MZJ TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA LTD INDONESIA:
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      Page 34 Advertisements Column 2
      1364 34 PHILI-ORI€NT UN€S PT€ LTD '08 ROBINSON HOAO #0/ 00 GMG BUILOING SINGAPORE 0106 I TEI *****22/*****69'*****00 TELEX MS ***** PHILI FAX *****76/*****38 BY air, land or sea... WF TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 24 JUN MONTREAL OTTAWA. TORONTO. 23 JUN DUBAI DAMMAN. SHARjAH.
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      1544 35 kSSSSmm/B pacific international lines (pte) ltd M jfc PIL BuikJing, 140 Cecil Street #03-00, Singapore 0106. JAKARTA [BANGKOK VESSEL VOY SIN JKT SIN WBMBL WO* SIN IKK bin EQUATOR MAS 06N 22/6 25/6 30/6 KOTA PAHLAWAN 9123 22/6 26/6 29/6 BUNOA TERATAI 253 23/6 28/6 30/6 PEQASUS PROGRESS 672N 21/6
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      Page 35 Advertisements Column 2
      1033 35 BENLINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOV NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Benaiqef 196 inPt 11/7 12/7 Bunga Pefr"a< 208 27/6 12/7 13/7 1577 1677 Toyaria
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      Page 35 Advertisements Column 3
      425 35 MA MYANMA pUk FIVE STAR UNE w (Myanmar National Line) Loading for Yangon (Rangoon) S'por* P.KIf Pen P Gdj AVA VIO9W 23/25 fen In Pt MYOMAYWA VI36W 23/27 Jun PINYA Vlls* 4/7 My THE BANK LINE (A tarvlca of Andrew Walr Shipping) U SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I EXPRESS
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      771 38 TO AUSTRALIA/NEW ZEALAND p«t [Si iFrtm I U. 16 [I»d I Audi TSff |p CHAiM ANTWERPEN 273 177 7/7 11/7 14/7 20 7 23 7 2V7 DtLORIS 274 U 7 2« 7 30/7 J7i i~i TTTi MARTHA II 275 t 12/1 l«/l 1)1 2V» 27/( 7»~i ELLEN HUWC 276 17/1
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      Page 38 Advertisements Column 2
      938 38 OUTBOUND VOY PKL PNG IKT SIN HKG KAO KEE TYO SM7 NGO KO6 VESSEL WOT jSIN |PKL PNG BLN SIN CALIFORNIA CARRIER 68 *17 6 20 625 6 29 6 1 7 5 7 6 7 7 7 EQUATOR PROE 97A 227" 24 6 27 6~ ACX DAISY 15 29
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      Page 38 Advertisements Column 3
      279 38 PT P^ R JS AH AAN PELAYARANg KALIMANTAN DIRECT WEEKLY SERVICE TO I JAKARTA/TG. PRIOK Vest* ETA/ETD DCSTHATIOH MAGA HI Voy 13 SI 20'21 Inn liU'tj Pumbioj NIAGA XXH Voy 14 91 22/23 km latwti Patwnb*«| NIAGA 42 Voy 10/11 25 26 km Jakarta Pal«nbin| NIAGA XXI Voy 14/91 21/21
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      Page 38 Advertisements Column 4
      1408 38 CHINA OCEAN SHIPPING COMPANY PULL CONTAINER LINER SERVICE 2, MISTRI ROAD, HMC BUILDWG #15-00, SINGAPORE 0207 TELEX. IB MMOCMHT CR NO **********0 M MECSSM General Agents: COSTAR SHIPPING PTE LTD emu. U———————— r— vessel, voy so wis wi iw mi vessel voy sha mm hw dm. Q"" hkg sgp »N
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      856 39 UKC COW YEW TIP HAL »HVICI »<1«I FKL PNG P G. Loidmi for VESSEL 28 06 Rotterdam Antwtfp CHINA FULL COHTA'HEW SERVICE V«*M SGP PHI BXK MKG QM SHA rANCFANfiKOU 153 05/7 03/7 09/7 15/7 11/7 YANGPANGKOU 155 05/« 03/1 M/l 15/1 18/8 MM Kcaemi :|t 'n :imu »li «J
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      Page 39 Advertisements Column 2
      387 39 ZSnSfcLD MAR,NE AGENCIES (S) PTE LTD Sf TEL: *****33 (12 Linos) ■l| M FAX: *****15/*****03 QOJ TELEX: R8 ***** RISHIP (3 Linos) Pt\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) /TeeEPTTng" PCL AND CONVENTTONaI VESSEL VOY ETA LOADING FOR SPORE ANDINET 24W8 20-07 OARESSALAAM MOMBASA DJIBOUT ASSAB MASSAWA ABVOT 26W8
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      Page 39 Advertisements Column 3
      591 39 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ft* CM ET» SPORE PORT KEUNG PENAftG Bill lAOE 5/1 loading to' Mate MUVAI MUOHU 2/7 load ng tor Calcutta 00l CHIN JO 6 Leading For Wale PIONEER SUPREME 23 i J|,t Loading Fo' Max DONAXULKI Sailed loaded For Fetioaru PROGRESS LfiERtY
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      Page 39 Advertisements Column 4
      459 39 SYDNEY/MELBOURNE BANGKOK wt tra sro wa |K«a Iwr vm*m wmm BHUM MOS In ft 3-5/7 7-8/7 DEJA BHUM# 15N In Pt 21/6 MoT 24,6 H>so St/ 7 18 20/7 22 24/7 CHAIYA BHUM# 15ft Mon 24'6 Thur 27/8 PIYA BHUM 1106 20-21/7 02 4/8 06 8/8 (NANTA BWM |46N Tut
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      Page 39 Advertisements Column 5
      359 39 aau#aJ TBSHinE VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SIN MA A SIN TIGER BAV 163N In Port 27 28/06 05-05/07 KURIL SK 162 A 24 24/06 01-03/07 09-09/07 TIGER STAR 164N 30-30/06 06-06/07 13-13/07 VSL VOY SINGAPORE/CALCUTTA/SINGAPORE VESSEL VOY SIN CAL SIN TIGER RIVER 132CN8 25-26/06 01-03/07 09-10/07 EAGLE
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      1104 40 S'PORE 1MP0RT:*****02 I I PENANG: (04) *****6 J. BAHRU: (07) *****2 KK: (088) *****0 MEDAN: (061) *****2 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082)*****3 SURABAYA:(3I) *****0 PEN PK SIN PK SIN Colombo 28/6 29/6 30/6 22/6 23/6 /OI Durba p t Loult 22/6 23/6 24/6 21/6 22/6 23/6 Panan|
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      123 40 I SINGAPORE/CHINA DIRECT 9ERVICE I I S pore Loadtaf For I MV KAIHENG 26 03 JU4- HUANGPU GUANGZHOU MV SHENG JING 05-07 JUL HONGKONG MV ANANAS 05-10 JUL HUANGPU GUANGZHOU I I A VESSEL 05-10 JUL XINGANG DALIAN I I ALL VESSELS ALSO ACCEPTING SINGAPORE HONGKONG CARGO I SUBJECT INDUCEMENT
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      368 40 1rT r BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHAROINO AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI UN N Pl* AUCK LVT MAHSURI 0591 27 kin 7 Jul Vli NPt
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      748 40 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAO #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11. *****22 TLX: RS ***** CARRIER, RS ***** JENHQL CABLEITQSQCO ooNvte^toNAUCotn-Aii^eiiiiSgBWBBWHBBIM SINGAPORE TO WEST MALAYSIA BINQAPORE TO SABAH VESSEL |VOY I ETA [PEST VESSEL VOT ETA BEIT KIM SOON LI 23/91E 09
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      379 40 nvocc FRATA CONTAINER LINES ARE PROUD TO OFFER OUR CONSOLIDATIONS TO A WIDER VARIETY OF PORTS. PORTS FREQUENCY MTH ETA SIN TRANSIT TIME AUCKLAND 3 SAILINGS 25/06 14 OATS BANGKOK 4 SAILINGS 25/06 3 DAYS CWTTAGONG 4 SAILINGS 5 DAYS COLOMBO 3 SAILINGS 26/06 5 DAYS OUBAI (UAE) 3 SAILINGS
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      777 41 Wrv COMPANIA PERUANA nC£a de vapores "PERUVIAN STATE LINE" ACCEPTING BRtAKBULK FCL/SOC CARGOES 10/ FROM CALLAO MATARANI 110* OTHER PERUVIAN PORTS* I WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING Ptnanj* P Kelang Sin(ipore t Mjia KAMALE VCRETT 03 04 lui 05 07 Jul THOMAS*WRfTT 1t,20 tul KARABKVERETT
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      575 41 I j"vit [vOY ]S PORE iMAINLINtiT" ~jLA)T~|KST jSAV |WYC IHTX /IM PIRAEUS 1281 29 6 l/M SAVANNAH 27 1 S I I 10 I 17/8 ;m Kortu i'.f i m savannah si 11 101 121 IM KAOKSIUNG 11M 9 7 /IM CANADA 11 A 20 I 23 I 25 I
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      653 41 \W MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI OAMMAN SHARJAH DOHA MUSCAT BAHRAIN ABU DHABI BANDAR ABBAS JEODAH FAR EAST ACCEPTING FCL/LCL PENANG P KELANG JAKARTA. BANGKOK HONG KONG TAIWAN. lAPAN MANILA. KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON FELIXSTOWE LEEDS TILBURY ABERDEEN. IE HARVE HAMBURG ROTTERDAM ANTWEP GOTHENBURG COPENHAGEN
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      629 41 PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY JATIDIRI 937 22/06 25/06 MELITA 13/91 27/06 30/06 JATIDIRI 938 29/06 02/07 DERAJAT 943 02/07 05/07 MELITA 15 '9' 04/07 07/07 TANTO UTAMA 173 27/06 30/06 TANTO UTAMA 175 06/07 09/07 TANTO UTAMA 177
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      405 41 SIN FUR EAST 23/6 KEELUNG/KAOHSIUNG 24/6 BANGKOK 29/6 MANILA/CEBU 22/6 JAKARTA/BELAWAN/SURABAYA 22/6 PORT KELANG/PENANG/E Malaysia 29/6 BUSAN 23/6 TOKYO/YOKO/KOBE/NGO/OSA 25/6 HONG KONG SIN CHINA 25/6 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU OALIAN/SHANGHAI/XINGANG TfANJIN /QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 24/6 LDN/FLX/LVP/SOU 24/6 RDM/HAM ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary Roumania/Poland/Bulgaria/Czech. SIN
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      747 42 Container Agencies (a member of Steamers Maritime Holdings Ltd) CONTAINER FEEDER SERVICE P.T. ANQKUTAN PERTAMBANGAN SERVICE VESSEL VOV SPORE JAKARTA SURABAYA TAKARI IV 4096 21 JUN 23 JUN TAKARI I 1714 24 JUN 27 JUN TAKARI IV 4098 27 JUN 29 JUN TAKARI I 1718 01 JUL 03 JUL TAKARI
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      215 42 ViV- PGSL -WORLDWIDE PANAMA -GLOBE STEAMERS LINES REGULAR FCL BERVICE TO THE FOLLOWING PORTS SOUTH Santos, Rio Grande. Rio De Janeiro Fortaleza AMERICA Montevideo (Uruguay) Buenos Aires (Argentina). Chile Brazil all ports LCL/FCL SANTOS BUENOS AIRES LCL/FCL COLOMBO j VESSEL/VOY ETA SIN RIMBAUD VO9PRI 7/7/91 FCL/LCL SERVICE TO SOUTHERN PART
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      621 42 SHIPPING CORP. SDN BHD U2Km PT. RUNG TEL 03 *****06 |l Nm| FMN7NII VVDC PENAM TEL 04 *****9 SMN TEL 06******2 X CCZ SHU TEL 064 *****2 TAWAU TEL 088 *****8 KK TEL: *****2250 KUCM TEL: 082 *****3 M'SIA TO USA/CANADA CONTAINER SERVICE IfttDH I HOT PfN I PML SIN
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      Page 42 Advertisements Column 4
      454 42 CW^conmv 77PJlA/^7/A/AT PENANG— KL: allied-link SINGAPORE: 04-*****2 03-*****55 778 9522(22 lines) SEES Marina Ong Suaan Ng/Phlllp Km Iron* Chang/Eathar Yap PLATOU PACIFIC I I A vK SHIPPING SERVICES V REGULAR FAR EAST N. AMERICA BREAKBULK 1 SERVICE OWNERS' REP OFFICE TEL: *****11 SINGAPORE: FAX: *****59 HANSA HANSA RIGA V.028 BREMEN
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      Page 42 Advertisements Column 5
      400 42 MANILA ETA VIGOUR PACIFIC 39N8 22/6 VIGOUR SINGAPORE 3NB 29/6 BANGKOK 21/6 28 6 BUSAN 24/6 28/6 HONGKONG 24 '6 28/6 DURBAN PT LOUIS 7/7 24/7 KEELUNG 23 630 6 US A 24/6 1/7 PT KELANG 21/6 28/6 KOBE 23/6 30/6 PIRAEUS 20/6 1/7 OSAKA 26/6 3/7 JAKARTA 20/6 21/6
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      Page 43 Advertisements Column 1
      678 43 MORE FREQUENT FLIGHTS WORLDWIDE i NEW ZEALANO/FIJI VESSEL jkt P.Kg 'Pen *Bkk S»n S'baya Auckland Fiji(A) N Plymouth (A) Timaru Lyttelton(B) Dunedin(B) Napier Hhfcfton(C) Tauranga N Rosario/9114 18/6 20 6 20 6 20 6 In Pt 24 6 8/7 31 7 10/7 11/7 12/7 12/7 13/7 13/7 15/7 N Rochester
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      332 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 230 C )R 10 1 1 12 1.5 18 20 2.1 20 1 7 14 1.2 10 10
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      788 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST FEEDER VO7 IHR PKt SIN Ulg HAUL VOY IBH OAK SEA LINE HAUL VOY TCM/SEA PTt NAN HAI 203 015 23/06 24/06 26/06 LALANOtA 41E 22/07 25/07 28/07 TOWER BRIOGE 69E
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      Page 44 Advertisements Column 2
      193 44 HAS AVAILABLE CARGO SPACE FOR CONTAINERIZED OR ASSORTED CARGO. VESSEL IS EQUIPPED WITH ADEQUATE CRANAGE TO LIFT ALL CARGO. PASIR GUDANG SINGAPORE r> "'HI" CONTAINER SERVICE I Name Of Vessel: "JOSINDO SATU" PASIR QUOANG SINGAPORE W ET* 2100 HIS ETD 0700 lis~ ET* 1300 WIS "oois 21/ C 22/« 2Z/S
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      Page 44 Advertisements Column 3
      667 44 CHARTPOINT Every Saturday in Business Times AGENT OF TRANSCONTAINER LIMITED CONSOLIDATION SERVICES VESSEL VOY NO SPORE YOKOHAMA TOKYO KOK ACX ROSE 15 21/6 2/7 177 A VESSEL 01 23 T 6 2/7 ACX DAISY 15 2876 9/7 17/7 TSK MELODY 27 05/7 1677 18/7 ALSO ACCEPTING Fa AND La CARGOES
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