The Business Times, 9 July 1991

Microfilm: NL17605
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 16/12/90 Tuesday, July 9, 1991 75*
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  • NEWS SUMMARY
    • Article
      Jakarta plans to privatise railways in 1992
      70 1 JAKARTA Indonesia plans to open its railways to the private sector in 1992 to help the government cope with the rising need for public transport. The Antara news agency quoted a spokesman of the state railway company (Perumka) as saying that private companies
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    • Article
      South Korea's trade with Asean soars
      50 1 SEOUL South Korea-Asean trade soared 37.3 per cent in the first four months to US$4.O3 billion. The Trade and Industry Ministry said exports were up 35.1 per cent over a year earlier at US$l.9B billion, and imports surged 39.5 per cent to US$2.O5 billion.
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    • Article
      Astra units join forces
      38 1 SINGAPORE-BASED MultiCorporation Pte Ltd, a subsidiary of the Astra Group of Indonesia, has joined forces with another Astra company and three other parties in a $38 million venture to manufacture access flooring Page 2
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    • Article
      Plans for Bangkok hub
      29 1 LONG-TERM plans to establish Bangkok as mainland South-east Asia's financial hub are starting to be put into place, says the Thai Prime Minister Page 7
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    • Article
      Tokyo banks move in
      41 1 A LANDMARK decision by the Indonesian government to allow foreign financial institutions to establish outlets in Indonesia for the first time in about 20 years, has resulted in nine Japanese banks flocking to the country Page 7
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    • Article
      EC vies for investment
      27 1 EUROPEAN COMMUNITY member states are competing to lure South Korean direct investment away from Southeast Asia and the former East Bloc Page 9
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    • Article
      Franker atmosphere
      17 1 INDONESIAN President Suharto's drive for franker discussion of national issues is bearing fruit Page 11
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    • Article
      NOL in joint venture
      45 1 NATIONAL CARRIER Neptune Orient Lines, together with Japanese partners Nippon Yusen Kaisha (NYK) and Nippon Liner System (NLS), will launch a four-times weekly sailing between the Far East and the North American Pacific Coast (NAPC) in December. Shipping Tiroes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      41 1 WALL STREET stocks declined broadly in light trading early yesterday after the market in Japan tumbled to its lowest level of the year. The Dow Jones Industrials Average fell 15.21 points to 2,917.26 in the first hour of trading.
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    • Article
      Footsie lower
      35 1 LONDON shares were moderately lower at midday yesterday on caution about Tokyo's big drop earlier. By about 1130 GMT, the FTSE 100Share Index was down 15.7 points, or 0.6 per cent, at 2,469.0.
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    • Article
      CSA oversubscribed
      18 1 AGAINST market expectations, the public issue of CSA Holdings closed yesterday 47 times over-subscribed. Page 3
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    • Article
      Isetan signs lease
      40 1 LISTED retailer Isetan has signed a 12-year lease agreement which will give it a commanding position along Orchard Road at a rent said to be around $32 million a year for the initial three years. Page 3
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    • Article
      Hutchison in tie-up
      32 1 HUTCHISON Telecommunications (UK), part of Li Kashing's corporate stable, has joined hands with British Aerospace in a multi-million-dollar deal to tap the deregulated telecommunications industry in Britain Page 4
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    • Article, Illustration
      STOCK INDICES
      29 1 Monday Change BT-MGA 696.55 -8.94 Kuala Lumpur ...604.84 -3.20 Tokyo 22,176.17 -722.17 Hongkong 3.880.73 -11.98 Sydney 1,525.7 -10.4 Friday Change New York 2,932.47 -2.23 London 2,484.7 +14.3
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    • Article
      CURRENCIES
      22 1 Exchange rates US$ SS 1.7610 100 Yen SS 1.2687 M$ SS 0.6319 Money market rates Overnight 4-15/16% -1/8 3-month 6 unch
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    • Article
      COMMODITIES
      38 1 London Gold AM fix US$371.35 +USS1.10 Rubber S'pore Aug 144.25*/kg -0.25 M'sia Aug 229.50Vkg -1.00 KL Tin Turnover 41 tonnes +8 Spot MS 15.44 /kg -0.02 Crude palm oil Turnover 1,684 lots -318 July MS820 /tonne +10
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  • Article
    HK suspends BCCI's operations, seeks bail-out plan
    385 1  -  Foreign banks asked to come to the rescue From Catherine Ong in HONGKONG HONGKONG yesterday suspended the operations of the local subsidiary of the doomed Bank of Credit and Commerce International SA (BCCI) and invited several foreign banks from Asia to consider a
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  • Article
    BCCI has no operations or office here: MAS
    112 1 BCCI does not have any operations or office in Singapore, the Monetary Authority of Singapore said. In a statement issued last weekend, the MAS said BCCI had formally applied to the MAS in 1973, 1980 and 1982, and had met the MAS
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  • Article, Illustration
    Lock icon Mrs Knight and three others arrested on fraud charges
    408 1  -  By Conrad Raj THE WIFE of former white collar crime buster Glenn Knight, Pathmavali Rengayah, and three others were arrested by the Corrupt Practices Investigation Bureau on fraud and corruption charges yesterday. All four were named in a conspiracy charge against
    Photo by Arthur Lee  -  408 words
  • Article
    Indon kretek makers facing liquidity squeeze
    377 1  -  By Yang Razali Kassim A NUMBER of major clove cigarette producers in Indonesia are facing liquidity problems akin to the one that is reportedly afflicting PT Bentoel, Bisnis Indonesia said yesterday. The business daily, reporting from Jakarta, did not name the major kretek manufacturers
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  • Article
    Devaluation, Indon law cause of Bentoel's woes: report
    376 1  -  By Quak Hiang Whai THE FINANCIAL troubles at Indonesian cigarette giant PT Bentoel, which is expected to default on a US$45 million loan maturing tomorrow, may have been caused by the rupiah devaluation in 1986 and an Indonesian law that precipitated its
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  • Article
    STI index sheds 23 points
    79 1 STOCK PRICES continued to post losses in the local market yesterday, with the Straits Times Industrials Index closing 22.98 points lower at 1,453.67. A total of 45.21 million shares worth $93.73 million were traded. The poor local showing was influenced by the scan-dal-ridden Tokyo and
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  • Article
    Lock icon Curbs on Tokyo's top broking firms
    192 1 Reuter TOKYO The Japanese Finance Ministry has told Nomura Securities Co Ltd, Nikko Securities Co Ltd, Daiwa Securities Co Ltd, and Yamaichi Securities Co Ltd to limit all their corporate divisions' business for four business days from tomorrow. Finance Minister Ryutaro Hashimoto announced yesterday
    Reuter  -  192 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      238 1 Nikon The World s Finest Photographic System. Aircraft Schedule 27 Money Changer Rates 27 Weather 27 Commodities 26 Money Market 25 World News 8,9 Cryptic Crossword 27 Regional Co News 4 Edrtonal 10 Regional News 7 For market indices, editorial, Financial News 6 Regional Stock Markets 24 advertising and circulation
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      Page 1 Advertisements Column 2
      46 1 Luxembourg freezes BCCTs accounts, Pg 16 Utilities turn to non-Big Four lead managers, Pg 4 BT Top 100 companies: We are sorry that we were unable to carry the ranking as planned yesterday because of a technical hitch. The list will be published in Thureday's BT.
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      180 1 Nikon The World s Finest Photographic System. BT Investment Race: Turn to Page 6 for the second Money Coupon that you need to cut out to join the BT $100,000 investment challenge. \M There is one Singapore company whose name is synonymous with success in the property business Jones Lang
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Parliamentary mission in Thailand
        42 2 A SINGAPORE parliamentary delegation began a week-long visit to Thailand yesterday. Delegations from the Asean InterParliamentary Organisation (AIPO), have also been invited by the Thai AIPO National Group. The Singapore delegation comprises five MPs and a Parliament official.
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      • Article
        Dr Yeo visits the navy
        98 2 DEFENCE Minister Dr Yeo Ning Hong visited the navy yesterday to see at first hand the operational readiness of the Singapore Armed Forces. He was accompanied by the Chief of Navy, Commodore Teo Chee Hean, as well as the chairman of the Government Parliamentary Committee
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      • Article
        NUS band in Japan
        47 2 THE National University of Singapore Symphonic Band has been invited to participate in the fifth Japan International Youth Musicale, a triennial event which invites participants based on their merit. Singapore Airlines and NTUC Fair Price are the sponsors of the July 23-29 event.
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      • Article
        RSAF planes collide
        59 2 TWO Republic of Singapore Air Force (RSAF) F-16 aircraft collided in a training exercise yesterday. The incident occured around 4.30pm over the South China Sea. The pilot of one of the aircraft ejected safely and was picked up by a passing Australian naval vessel. The second aircraft
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    • Article
      Corrections and clarifications
      113 2 IN BTs July 4 article "Abacus teams up with S Korea's Asiana Airlines", it was reported that Asiana Abacus expects to sign up more than 5,000 travel agents within the next year. The correct figure should be 500. We are sorry for the error. ALSO on July
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    • Article
      Multi-Corp in access flooring venture
      308 2  -  By Carolyn Lim SINGAPORE-BASED MultiCorporation Pte Ltd, a vehicle of the Astra Group of Indonesia, has joined forces with another Astra company and three other parties in a $38 million venture to manufacture access flooring. The venture is set to capture the projected $300 million
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    • Article
      Scitech makes progress in hepatitis R&D
      214 2 SCITECH Medical Products, a local biotechnology and healthcare firm, has made further inroads into the research and development (R&D) of hepatitis. Together with Innogenetics of Europe, it will begin R&D on diagnostic products, the first of which is aimed at detecting Hepatitis non-A-non-B. The
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    • Article, Illustration
      Eva Air touches down
      44 2 OFF to a flying start. The cabin crew of Taiwan's Eva Air's maiden flight to Singapore posing for the cameras after the plane touched down at Chang? Airport yesterday. Eva Air will operate six weekly services between Taipei and Singapore.
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    • Article
      SBC moves into English drama
      151 2 SINGAPORE Broadcasting Corporation will telecast its first English drama production before January next year, its chairman Dr Cheong Choong Kong said yesterday. At a press briefing, Dr Cheong announced that a tele-playwriting competition would be held to source oneact scripts with a local setting from
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    • Article
      Fewer Canadian visitors partly result of new tax
      265 2 CANADA'S new federal Goods and Services Tax (GST),, which was implemented on Jan 1 this year, has affected tourist arrivals to Singapore. According to latest statistics from the Singapore Tourist Promotion Board, there were 20,441 visitors from Canada in the first four
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    • Article
      UOB forecasts 8.3pc growth rate for Singapore
      263 2 STRONG external and domestic demand will take Singapore's year-round economic growth to last year's level of 8.3 per cent, the United Overseas Bank group has forecast. Supported by continued strong growth in regional exports and revived domestic consumer and business spending, growth in
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Lock icon CSAH share offer 47 times over-subscribed
      421 3  -  Response better than market expectations By Claire Leow AGAINST market expectations, the public issue of CSA Holdings closed yesterday 47 times over-subscribed. The overwhelming response from investors, who are putting their money on the first computer stock to be listed on the Stock Exchange
      Photo by Christopher Loh  -  421 words
    • Article
      Lock icon Lien Hoe boardroom tussle brews as directors soak up shares
      479 3 NST KUALA LUMPUR A fight for control of Lien Hoe Corp may be brewing between the three new directors and Beta Holdings nominees following a recent change of ownership of a huge block of Lien Hoe shares. It was learnt
      NST  -  479 words
    • Article
      Lock icon Broker's offer undervalues MHS shares
      332 3 Bernama KUALA LUMPUR Asian International Merchant Bankers Bhd (AIMB) says the price of M 54.75 (553.08) offered by Rashid Hussein Securities Sdn Bhd for each Malaysian Helicopter Services Bhd (MHS) share is insufficient, compared with the group's promising prospects and the prevailing market value. Rashid
      Bernama  -  332 words
    • Article
      Lock icon K Guthrie confident of good returns from furniture venture
      322 3 Bernama KUALA LUMPUR Kumpulan Guthrie Bhd is confident that its venture into rubberwood furniture manufacturing, through joint-ven-ture company Guthrie CCF Sdn Bhd, will contribute to long-term profits, chief executive Tan Sri Dr Haji Ani Arope said yesterday. He added that Guthrie
      Bernama  -  322 words
    • Article
      Lock icon Bumi group's listing plan a move to shed family-run image
      298 3 MBT KUALA LUMPUR The proposed flotation of Shapadu Kontena, a wholly-owned subsidiary of Shapadu Corp, is part of the overall plan by the bumiputra group to shed its image as a family-run company. The move is also to maximise resources
      MBT  -  298 words
    • Article
      Isetan signs 12-year lease for Shaw House space
      421 3  -  By Lee Han Shih LISTED retailer Isetan has signed a 12-year lease agreement which will give it a commanding position along Orchard Road at a rent said to be around $32 million a year for the initial three years. An announcement from
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    • Article
      Lock icon KL names members of takeovers, mergers panel
      144 3 Bernama KUALA LUMPUR Malaysia's Minister of Domestic Trade and Consumer Affairs Datuk Haji Abu Hassan Omar has appointed a new panel on takeovers and mergers for a period of two years from March 1, 1991. He said in a statement issued through the
      Bernama  -  144 words
    • COMPANY BRIEFS
      • Article
        Kesang strikes gold
        70 3 KUALA LUMPUR Kesang Corp will soon commence commercial gold production at the Rio de Oro area in the. Philippines following positive test results for the metal recent ly. Kesang said bore tests carried out by its 40 per cent-owned subsidiary, Kesang Mining Corp (KMC) Philippines, on the'
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      • Article
        Seagroatt's offer oversubscribed
        47 3 KUALA LUMPUR Seagroatt Campbell Holdings* Bhd's public offer for sale of 4.26 million shares has been oversubscribed 23.12 times. The company, which has two subsidiaries operating stockbroking and nominee services, is expected to be listed on the Kuala Lumpur Stock Exchange early next month.
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      • Article
        MISC, partners sign pact
        93 3 KUALA LUMPUR MISC said that, together with its two consortium members Kuok Brothers and IMC Enterprises, it signed an agreement yesterday with the government of Malaysia for the acquisition and transfer of the. government's 77.95 per cent stake in Malaysia Shipyard' and Engineering and for the
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    • Article, Illustration
      Cycle & Carriage chief sells 275,000 shares
      233 3  - Cycle Carriage chief sells 275,000 shares By Magdalene Ng MR THOMAS CHUA, group chief executive officer and managing director of Cycle Carriage Ltd (CCL), two weeks ago sold 275,000 shares in the Singapore motor group for $1.55 million. Mr Chua is one of the substantial shareholders in Hongkong company Yung
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      443 3 ■t Building Estate Management Society National University of Singapore 13th BEMS SEMINAR '91 30TH JULY 1991 "Tia CRYSTAL BALLROOM, HYATT REGENCY HOTEL i BENEFITS YOU can benefit from: Establishing new business Contacts. An Update on die latest trends in the real estate and construction industry. The Exchange erf ideas with
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        San Miguel prawns get preference in Canada
        61 4 MANILA San Miguel Corp (SMC) has obtained preferred status for prawn exports to Canada after becoming the Philippines' top producer of the dollar-earning shellfish, the company said here yesterday. SMC still gets more than half of its revenues from San Miguel beer but
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      • Article
        Paitoon to seek Bangkok listing
        47 4 BANGKOK Paitoon Hotel Resort Co, a subsidiary of Rattapaitoon Group which owns the Arnoma Swissotel, will apply for listing on the Stock Exchange of Thailand this week, says a repo/t in The Nation. Arnoma Swissotel will be the group's third listed property.
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      • Article
        NZ suspends sale of forests
        67 4 WELLINGTON The government will not sell any more forests until the arrangements by state-owned Forestry Corp with Fletcher Challenge Ltd's Tasman Pulp and Paper Ltd are put on a commercial basis, the Minister for State-owned Enterprises Doug Kidd said. Forestry Corp was contracted to supply
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      • Article
        High-speed train proposal
        87 4 BANGKOK A working group has been set up to consider a Thai-German joint-venture proposal for a multi-billion-baht high-speed train, the Business Post reported. The group will specifically address a proposal to charge commuters a 500baht (Ss34) fare for a one-way ride between Bangkok and Mab Tapud. The
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      • Article
        Resorts on disputed islets?
        40 4 VIENTIANE, Laos A group of Thai businessmen has asked Laos for permission to construct a resort including a hotel and golf course on two islets claimed by both the Bangkok and Vientiane governments, officials said yesterday.
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    • Article
      Hutchison enters telecoms deal with British Aerospace
      399 4  -  Company buys Microtel Communications From Catherine Ong in HONGKONG HUTCHISON Telecommunications (UK), part of Li Ka-shing's corporate stable, has joined hands with British Aerospace in a multi-million-dollar deal to tap the deregulated telecommunications industry in Britain. The subsidiary of Hong-kong-based Hutchison Telecommunications yesterday
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    • Article
      Lock icon Honda to boost car output in S-E Asia
      186 4 Reuter TOKYO Honda Motor Co Ltd will boost car output in the Philippines, Thailand, Taiwan and Malaysia, a company spokesman said. The increase is due to expectations of growing demand in South-east Asia in the mid to long term despite a current
      Reuter  -  186 words
    • Article
      Lock icon Semen Gresik shares fall 20pc on debut
      385 4 Reuter JAKARTA Share prices in cement firm, PT Semen Gresik, the Indonesian government's first attempt at privatisation, slumped almost 20 per cent in their debut on the Jakarta stock exchange. Brokers said the impact is bound to hit the already fastfalling local share
      Reuter  -  385 words
    • Article
      Lock icon Japan's utilities turn to non-Big Four lead managers
      372 4 Reuter TOKYO Japanese electric utility firms are broadening the pool of lead managers for their domestic bond issues, turning for the first time to companies outside the Big Four brokerages that dominate the industry here. Utilities, which with Nippon Telegraph and Telephone
      Reuter  -  372 words
    • Article
      Siam Motors will scrap joint car project if tax goes up
      368 4 BANGKOK Siam Motors Group, one of the country's biggest car concerns, has threatened to scrap a two billion baht (SSI36 million) project to produce passenger cars in Thailand in partnership with Japan's Nissan Motors for export and domestic sales
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      Page 4 Advertisements Column 1
      194 4 IPSI B™ SHOPPING GALLERY f* 1 Relax to the sounds at H O Lounge B-01 From the depths of the ocean H I at Xuan Inn Seafood "02-01 4 I I >~ J W 1 *x' 0 Eat down Mexico way Jr at El Felipes *02-09 f y>. t The
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Two US retail giants face reorganisation hurdles
      761 5 Both working with creditors to emerge from bankruptcy protection NYT ..NEW YORK Two of America's largest department "Store companies. Federated Department Stores Inc and o Allied Stores Corp are pre- paring for two hectic and crucial months as they begin working with two
      NYT  -  761 words
    • Article
      Lock icon Mixed results seen at US beverage firms
      354 5 Reuter ATLANTA Major US beverage companies are expected to report mixed results for the second quarter, with makers of soft drinks showing much stronger profit gains than brewers or distill- ers, analysts said. Coca-Cola Co, the world's biggest soft drink firm, is expected
      Reuter  -  354 words
    • Article
      Lock icon Swiss investment firm Omni and subsidiary seek liquidation
      461 5 Reuter ZURICH Investment company Omni Holding AG, once the flagship of Swiss entrepreneur Werner Rey's financial empire, said on Friday that it and its Omni Beteiligungen AG subsidiary would apply for liquidation. The company, in court administration since April, had been caught
      Reuter  -  461 words
    • COMPANY BRIEFS
      • Article
        Lonrho makes bid for Brent Walker debt
        81 5 LONDON Lonrho pic has approached the banking syndicate currently re-negotiating Brent Walker Group pic's £1.4 billion (553.9 billion) of debt with an offer to take on the company and the debt, according to a report in The Sunday Times newspaper. The report said
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      • Article
        Grolsch eyes UK brewers
        74 5 AMSTERDAM Grolsch NV, which doubled its size by acquiring a German beer group earlier this year, says a regional British brewer will be its next buy. But the Dutch brewer with the distinctive swing-top bottles and the carefully cultivated premium image is not in any hurry.
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      • Article
        ICI's break-up value is £16b
        103 5 t LONDON Merchant bank advisers to Imperial Chemical Industries pic have put a break-up value on the company .of £16 billion (5545.6 billion), or about £22 per share, the Financial Times newspaper said yesterday. According to the paper, merchant banks Schroders, SG Warburg and Goldman
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      • Article
        Alcatel unit expects sales to rise
        142 5 LUDWIGSBURG (Germany) German electronics firm Standard Elektrik Lorenz AG a unit of Alcatel NV, said,it expected 1991 group sales to rise by 25 per cent to over five billion marks (Ss4.B billion) from 3.92 billion last year. "With a rise of 25 per cent
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      • Article
        Sandoz buys health product firm
        77 5 BASLE Swiss chemical concern Sandoz AG said it had agreed to take over a small company specialising in diet and health products from a subsidiary of Rhone-Poulenc Rofler Inc. Sandoz said in a statement it had agreed to buy Dietetique et Sante, based in France,
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      574 5 SINGAPORE 1 TMQTTTT TTp Qp V MANAGEMENT I I Edward de Bono I -if H H I on I "I Creativity and Lateral I Thinking I 3-1 Singapore, September 2 3,1991 I OfiH I "IN ORDER TO REACH A SENIOR POSITION AN EXECUTIVE SHOULD BE WITHOUT OR SHOULD I HAVE
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      47 5 Cartier Presents A Tribute To H I The Art Of Time. I '•>' $3$ £§E H le temps de Cartier H AN EXHIBITION OF ANTIQUE WATCHES CLOCKS AND A PREVIEW OF CARTIER'S LATEST JEWELLED WATCHES (artier boutique PALAIS RENAISSANCE 390 ORCHARD ROAD TEL: *****93 STH TO 14TH JULY
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Mulroney wants to see lower interest rates
        94 6 OTTAWA Canada's Prime Minister Brian Mulroney said said in an interview with the Financial Post that there has not been a breakthrough in lowering interest rates in Canada to narrow the spread with US interest rates. "There hasn't been that breakthrough that we
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      • Article
        Philippine reserves hit US$3.5b
        90 6 MANILA The Philippine central bank's gross international reserves rose to a record US$3.5l billion (556.2 billion) in June from $3 billion in early May and $1.97 billion in June last year, bank governor Jose Cuisia said. Mr Cuisia said larger foreign exchange purchases and foreign loan
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      • Article
        Manila banks may raise capital
        77 6 MANILA Philippine commercial banks will have to increase their capitalisation levels by 50 per cent within a year, central bank governor Jose Cuisia said. Regular commercial banks will have to raise their minimum capital from 500 million pesos to 750 million pesos, he said. The
        77 words
      • Article
        Muscat firm to issue new shares
        90 6 MANAMA, Bahrain The Muscat-based Al-Ahlia Portfolio Securities Co said it was increasing paid-in capital to three million rials (S$ 13.2 million) by issuing new shares worth 2.5 million rials. A statement sent to Reuters on Sunday said the company, which acts as a stockbroker
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      • Article
        Trader named in insider claims
        65 6 FRANKFURT Deutsche Bank AG has dismissed an equity warrants trader named in allegations of insider trading, a bank spokesman said. Deutsche Bank said it had suspended the trader, Manfred Mertens. It said the suspension was for activities not linked to trading. It added that there
        65 words
    • Article
      New institute to hold conference on Asian markets
      339 6  -  From Al O Labita in MANILA THE newly-formed Asian Securities Industry Institute (ASII), a brainchild of Lilia Clemente, founder and chief operating officer of the New York-based Clemente Capital Inc, is hosting a conference on the regionalisation and globalisation of Asian capital
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    • Article
      Lock icon Taipei allows more foreign banks to open OBUs
      207 6 AFP TAIPEI Taiwan is to allow more foreign banks to open offshore banking units (OBUs) here and will widen the range of services they are authorised to operate, officials with the Central Bank of China (CBC) said yesterday. To speed up internationalisation
      AFP  -  207 words
    • Article
      Lock icon Troubled times for California's big banks
      400 6 NYT LOS ANGELES California's big banks are being hit with some big shocks, and the state's slumping economy is just one of them. A Labour Department report issued on Friday, showing that California's unemployment rate surged in June to its highest level in seven
      NYT  -  400 words
    • Article, Illustration
      Lock icon Australia launches first major privatisation
      465 6 AFP SYDNEY The Commonwealth Bank of Australia (CBA), the first major government asset to be offered for sale, announced yesterday details of its 29.75 per cent float to raise Asl.3 billion (Ssl.6 billion). About 240 million shares will be offered to the Australian public at
      AFP  -  465 words
    • Article
      Lock icon More bank mergers expected in Kuwait
      368 6 AFP ABU DHABI Kuwait is likely to see a wave of bank mergers in the near future aimed at boosting efficiency, but will not allow foreign banks to operate in the country at present, Kuwaiti financial officials said. They said the Gulf crisis will
      AFP  -  368 words
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      Page 6 Advertisements Column 1
      313 6 Seminar on INTERNATIONAL TRADE AND CUSTOMS DUTIES IN USA, CANADA EUROPEAN COMMUNITY About the Seminar USA, Canada and European Community are three of Singapore's major export markets. Knowledge of the regulations of their customs duties, GSP preferences and proper customs planning can significantly reduce tariff, thus making your products more
      313 words
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      Page 6 Advertisements Column 2
      164 6 i $20,000 in our BT Investment Race Contest #4 Cut it out and collect the coupons daily-from July 8 to 12,1991 for a total value of $100,000. In the July 13,1991 issue of Business Times, you will find a Contest Entry Form. On the Contest Entry Form, i you will
      164 words
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  • THE REGION
    • Article
      Lock icon Plans to make Thailand regional financial hub
      266 7 PM expects results within five to 10 years AFP BANGKOK Long-term plans to establish Bangkok as mainland South-east Asia's financial hub are starting to be put into place, said Thai Prime Minister Anand Panyarachun in an interview published yesterday. He told the Englishlanguage
      AFP  -  266 words
    • Article, Illustration
      Jakarta seeing rising wave of Japanese banks
      501 7 JAKARTA A landmark decision of the Indonesian government to allow foreign financial institutions to establish outlets in Indonesia for the first time in about 20 years, has resulted in nine Japanese banks flocking to the country, according to the Nikkei Weekly. In late
      501 words
    • Article
      Lock icon Thailand's trade deficit with Japan widening
      204 7 OanaTNA BANGKOK Thailand's trade deficit with Japan is worsening every year, a report from Thailand's leading commercial bank said. The Bangkok Bank's research department said Thailand's trade deficit with Japan amounted to 157.715 billion baht (SS 10.78 billion) at the beginning of 1990, up
      Oana- TNA  -  204 words
    • Article
      Lock icon Recession leads to hard times on Australian farms
      443 7 AP YASS, Australia Australia grew and prospered on the strong backs of farmers like John Betts, but these days, life on the land is a discouraging mirror of a country in recession. Farmers are quitting, unable to pay mortgages or heavy debts
      AP  -  443 words
    • Article
      Underground economies boost Asia's growth
      463 7  -  From Al O Labita Jr in MANILA ASIA has been growing at a rapid rate due to its "underground economy," says the Manila-based Asian Institute of Management (AIM). A study by AIM Professor Quintin Tan shows that in a number of developing countries, between 30
      463 words
    • Article
      Lock icon Manila unions threaten strike over oil prices
      128 7 AFP MANILA Left-wing Philippine unions yesterday called for a general strike to force President Corazon Aquino's government to lower oil prices to their levels before they were raised sharply in December. A transport strike will be held today in a bid to paralyse
      AFP  -  128 words
    • NOTE BOOK
      • Article
        Report urges Australian investment in Indonesia
        78 7 SYDNEY Australian companies should grab opportunities in Indonesia or else it will become increasingly less relevant to its neighbour, said a report released yesterday. Commissioned by the Australia-Indonesia Institute, the report said closer ties between Canberra and Jakarta heralded more openings for business but
        78 words
      • Article
        Republic movement launched
        90 7 SYDNEY Australia's move towards republic status by the year 2001, backed by the ruling Labor Party, gathered momentum last Sunday with the formal launch of a republic movement backed by more than 100 prominent Australians. International best-selling author Thomas Keneally, its chairman, said Australia would remain a
        90 words
      • Article
        NZ jobless rate hits 10.1pc
        82 7 WELLINGTON Unemployed people now account for 10.1 per cent of New Zealand's labour force. The country's Statistics Department said yesterday that 163,800 people were unemployed last month, up from 160,100 in ApriL Opposition Labour Party employment spokesman Paul Swain said the figures showed why there
        82 words
      • Article
        Suharto ends visit to Germany
        82 7 FRANKFURT Indonesian President Suharto ended a five-day official visit to Germany when he departed for home last Sunday by plane. During the last day of his visit, he travelled down the Rhine river between Mainz and Koblenz, signing the distinguished visitors' book at both towns
        82 words
      • Article
        China voices opposition to talks
        89 7 MANILA The Chinese embassy yesterday repeated its opposition to recently-concluded talks between the Philippines and Taiwan, which resulted in the settlement of their fishing dispute. Over the weekend, Manila and Taipei signed an agreement allowing Taiwanese boats to pass through two designated corridors in Philippine
        89 words
      • Article
        Philippine reserves at new high
        89 7 MANILA The Philippines' gross international reserves (GIR) rose to an all-time high of US$3.5l billion (556.21 billion) at the end of last month, the Central Bank said last Sunday. The amount was sufficient for 2.62 months' worth of imports, exceeding the government's GIR target of
        89 words
  • Page 7 Advertisements
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      64 7 TheWlite Choice Paper white edge-lit display 640 KB RAM memory expandable to 1.6 MB with a 1 MB EMS 4.0 memory card. Quick CPU and Expandable Memory/ Storage. SHARP SHARP CORPORATION JAPAN Dealers: MicroHous* Sharp laptop entre Tel: 6840/114 2671 C C SyMems Tel: 119 HBO/1 16 2276 Micro Design
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      Page 7 Advertisements Column 2
      135 7 SOME OF OUR BEST DISHES i ARENT ON TCffi MENU. Our new Chef is a real master in the New Wave Cantonese cooking now the rage in Hong Kong. And being creative at heart, he can originate dishes on-the-spot based on his experience and talent of how each ingredient can
      135 words
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  • THE WORLD 1
    • Article, Illustration
      Lock icon Japanese tycoon rated world's richest man
      586 8 Real-estate billionaire Taikichiro Mori takes top spot in latest Forbes rankings Reuter NEW YORK A Japanese real-estate tycoon said to be worth about US$l5 billion (5526.6 billion) has edged out a compatriot for the title of world's richest person, the US, the Forbes business
      Reuter  -  586 words
    • Article
      Lock icon Once-wary India now courts foreign investment
      225 8 NYT NEW DELHI The Finance Minister of India says his impoverished nation has begun a fundamental shift in priorities that looks, for the first time, to South Korea and South-east Asian nations as guiding economic symbols. For more than four decades, India's policies have
      NYT  -  225 words
    • Article
      Lock icon Soviets face further split with new Russian party
      263 8 Reuter MOSCOW The Soviet Communist Party is threatened by more divisions than ever after a report that a faction in the Russian Federation intends to form its own party. Russian television said on Sunday the Communists for Democracy faction was expected to
      Reuter  -  263 words
    • WORLD WATCH
      • Article
        Shenzhen economic zone posts strong growth
        101 8 BEIJING China's Shenzhen Special Economic Zone (SEZ), adjacent to Hongkong, registered a 38.5 per cent increase in industrial output in the first half compared to the same period last year, Xinhua news agency said yesterday. Foreign-funded enterprises in the SEZ, China's first, posted 39.3
        101 words
      • Article
        Li Peng in Iran for talks
        70 8 NICOSIA Chinese Prime Minister Li Peng arrived in Teheran on Sunday for talks with Iranian leaders on regional peace in the aftermath of the Gulf War. The Iranian news agency Irna quoted Mr Li as saying he was seeking "friendship, peace, and cooperation" during
        70 words
      • Article
        Roh's call for unification
        72 8 SEOUL South Korean President Roh Tae-Woo told the Cabinet yesterday to take "progressive, realistic and concrete" steps towards North Korea to advance unification. Mr Roh, who returned on Sunday from a week-long tour of the United States and Canada, said the government should be more "positive"
        72 words
      • Article
        US$1 trillion spent on arms
        81 8 WASHINGTON The world spent more than a trillion dollars a year on military hardware in the late 1980s, a World Bank report said on Sunday. The report on world development said high-income countries invested US$B6O billion (SSI.S trillion) a vear in weaponry in the late
        81 words
    • Article
      Lock icon EC competing with S-E Asia for Korean investment
      456 9 Seoul's conglomerates showing caution AFP SEOUL European Community (EC) members are competing to lure South Korean direct investment away from South-east Asia and the former East Bloc, at a time when Japanese money is increasingly being questioned in some quarters. Officials from
      AFP  -  456 words
    • Article
      Lock icon New pragmatism in many Third World countries
      410 9 NYT WASHINGTON A powerful new economic pragmatism is sweeping Third World capitals from Brasilia to Bangkok, and countries that once were proud economic nationalists are now attempting to forge closer ties with the rest of the world. The broad changes are the subject
      NYT  -  410 words
    • Article
      Lock icon Taiwan to promote barter trade with Soviet Union
      265 9 Reuter TAIPEI Taiwan will promote barter trade with the Soviet Union in a bid to boost bilateral trade between the two countries, say officials. The Commission of National Corporations has commissioned the state-owned Central Trust of China to serve as a bridge
      Reuter  -  265 words
    • Article, Illustration
      Lock icon Rival leaders in Yugoslavia accept EC peace plan
      338 9 Reuter BRIONI, Yugoslavia Leaders of Yugoslavia and its rival republics have accepted a European Community (EC) peace plan for the turbulent Balkan federation after 16 hours of tough talks that ended late on Sunday. The plan is seen as a last chance
      Reuter  -  338 words
  • Page 8 Advertisements
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      113 8 We're Committed To Giving You Faster Cargo Service To More Of America. With a growing network of 11 cargo drop centres and 4 on-line depots across the U.S. and Canada, Korean Air covers more of North America than any other Asian airline. Your cargo is processed faster courtesy of more
      113 words
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      212 9 A m m k swi IPP^ fferealsetto*plate wrnrfcrfraL A few years back, Sharp came up with )> j Find out more. Call our hot lines now: the perfect budget copier, acclaimed in y 470 5471,470 5481. the U.S. by critics and users alike. And a H'HK'BI 1 hot seller here
      212 words
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  • Article
    One form or another
    475 10 EDITORIAL WHEN Asean's leaders meet in Singapore in January, they will be considering a radical proposal for closer economic ties. The Thai proposal envisions the ultimate formation of an Asean Free Trade Area (Afta); in its pure form that means Asean countries dropping all tariffs when
    475 words
  • WHAT THE OTHERS SAY
    • Article
      University doors widen
      244 10 RECENT remarks by Prime Minister Goh Chok Tong and Education Minister Tony Tan indicate that the government, having more or less completed its reform of the schools system, now plans to devote much more attention and resources to tertiary education, in particular to maximising opportunities for those
      244 words
    • Article
      Service to the people
      141 10 WHETHER civil servants can be "close" to the people hinges on two questions. The first is how they reflect and explain public opinion. This is actually very straightforward. What they have to do is to report the views of the people faithfully and objectively. They should
      141 words
    • Article
      All stand to gain
      118 10 THE historic agreement between China and Britain to go ahead with the construction of Hongkong's second airport should be seen as a major economic decision that augurs well for the colony's future even after 1997. It will create confidence among the business community. Having a second
      118 words
  • REGIONAL VIEWPOINTS
    • Article
      Cancer in Japan's economy
      153 10 THE GREATEST beneficiaries of the economic bubble that ballooned following the yen's appreciation under the 1985 Plaza Accord and subsequent monetary relaxation were Japanese brokerage houses. But the Big Four brokerages, as well as many lesser ones, have shamelessly betrayed ordinary individual investors by secretly underwriting
      153 words
    • Article
      It's a three-way affair now
      186 10 THE Hongkong government has agreed to concede a seat on the airport authority to a local representative of the Bank of China as a further guarantee to nervous investors. The Sino-British Joint Liaison Group will set up a separate airport committee comprising members from both
      186 words
    • Article
      Not stumped for an answer
      163 10 NEW legislative measures will not be the only form of attack against errant logging operators. A meeting of State Forestry Directors has germinated proposals to cultivate the agreement of the Public Services Department (PSD) to take on another 1,700 staffmembers. In addition, to relieve the
      163 words
  • Article, Illustration
    Lock icon The problems of a trilateral relationship
    878 10  -  Gerald Segal sees an agenda which is a messy mixture of economic and military issues at next week's G-7 meeting Gerald Segal The writer is a research fellow at the Royal Institute of International Affairs and editor of The Pacific Review IHT AS THE
    IHT  -  878 words
  • Page 10 Advertisements
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      294 10 Our Recipe For Success Makes Perfect Scents. iiiiV iir HmmmiBRHIIHHHV'' W**m< rfw First, take a spoonful of Sheraton Cuisine. Its our unique way of blending fresh natural ingredients with Asian spices to create light exotic and delicious dishes. TURBOT FILLET GRILLED WITH VEGETABLE VINEGRETTE Mix with The Heritage restaurant for
      294 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      62 10 DOONESBURY BY GARRY TRUDEAU V&Y ITOUP THEM THATCARET?- 5 R? LAI6RI TVS GOT HOW MS ENUGHTEN- THEPOORP&V&f WHAT ITOU? THEM THAT THEY HJCRB ABOLfT TDGOJOG&NG N\V yOJRTFIR /NO, PEAR' °A THSYF&JUST I PtDIOU I CONSTANTLY IN TW THOUGHTS BOATING FISHING <A\V fcVTAM 7 m&FUGeeS J TZRRJFIEPCFeEJNC,\ TELL'EM, I OF OUR
      62 words
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  • ANALYSIS
    • Article
      Lock icon Developing an indicator to measure investor uncertainty
      1252 11  -  'The implied volatility of options prices on Treasury bonds' indicator could help the Fed gauge how investors might respond to its actions. Sylvia Nasar reports Sylvia Nasar NYT FROM corporate offices to the headquarters of the Federal Reserve in Washington, economists are always
      NYT  -  1,252 words
    • Article, Illustration
      The ambush awaiting Japan
      980 11 The Economist finds that Japan's car makers are suddenly running into a multitude of obstacles in their long drive abroad NOT since 1957, when the first two Toyota Crown cars were loaded on to an America-bound ship in Yokohama, have Japan's car makers faced such a
      980 words
    • Article
      Lock icon Translation business means big money in Japan
      561 11 Asahi THE translation business is booming in Japan, where the language barrier remains a problem for many Japanese who are facing increasing international business opportunities and contact with foreigners. "The market is virtually bottomless," said Tetsuo Sagara, translation manager of Simul International Inc,
      Asahi  -  561 words
  • Page 11 Advertisements
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      147 11 II uni-Ciall A MITSUBISHI PENCIL CO., LTD. JAPAN What We Have Done M \H To Give You These fi \W// Fine Liners 'J^ First we make their metal ball tips £m Im *fS highly durable to acquire instant fm 9m Should any one of them skip or f yfflr (K
      147 words
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  • INNOVATION & TECHNOLOGY 1
    • Article, Illustration
      Software makes it easier for shipbuilders
      383 12  -  Claire Leow checks out the program that saves time and material Claire Leow THE shipbuilding industry can look forward to a homegrown computer program for the steel-plate nesting process by the year-end. Nesting is an intermediate stage in the complex process of designing and
      383 words
    • Article
      Lock icon Talks on biological resources treaty make progress
      396 12 Reuter INTERNATIONAL negotiators have made progress on crucial issues holding back a global treaty on preserving and exploiting the world's biological resources, a senior United Nations official said in Madrid last Wednesday. Scientists, lawyers and environmentalists from 76 countries and 13 international organisations
      Reuter  -  396 words
    • Article
      Lock icon Microsoft move irks electronic publishing industry
      452 12 NYT Microsoft Corp, whose software for personal computers dominates the market, has aggressively entered the business of putting books and encyclopaedias on compact discs, causing concerns in the fledgling industry. One fear is that the company will use its dual role as a developer
      NYT  -  452 words
    • Article
      Keen fight for notebook computer market
      690 13  -  Carolyn Lim takes a look at what vendors are offering Carolyn Lim COMPETITION is hotting up in the notebook computer market. Heavyweights like Toshiba and Compaq are in the fray for the upper end of the market while newcomers like South Korea's Samsung, and
      690 words
    • Article
      TECHTAKES
      388 13 A SERVICE to help journalists better understand issues in information technology is being started by the Hongkong-based Media Dynamics Group. The public relations-mar-keting communications company calls the service The Media Dynamics Speakers' Corner. It will feature guest speakers from key companies in Hongkong, Singapore and Taiwan. A Media Dynamics
      388 words
    • Article
      Lock icon Semicon groups form customised ICs venture
      272 13 Reuter SEMICONDUCTOR groups SGS-Thomson Microelectronics and GEC-Plessey Semiconductors (GPS) have announced an agreement which would increase their combined share of the world market in customised semiconductors. The agreement calls for the joint development of an advanced family of semi-cus-tom integrated circuits (ICs). SGS-Thomson is
      Reuter  -  272 words
    • Article, Illustration
      Software to help you write it right
      679 13  -  Kenneth James comes face-to-screen with an English Language teacher-in-a-PC, and comes out of the experience wiser and humbler IT MATTERS Kenneth James THE HEMINGWAYS and le Carres of the world aside, most of us could use some help with our writing. For personal
      679 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      335 12 At TCM, we're quite menial task into a higher one thing to you. Much The SAE Connection. H sfi used to raising our glasses technology. Patented fea- greater efficiency. We're able to offer you ex- i to our success. tures in our 1 3 ton models Another eye opener is
      335 words
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  • Page 13 Advertisements
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      14 13 1 ESmCE \UTO ■XKLUBIV 24 Leng Km Road, Singapore 0315. Td: *****11 Fax: *****77
      14 words
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      Page 13 Advertisements Column 2
      249 13 "That's right! I lost my extra kilos and I won the /f 1 first prize in the NTUC Mother Of The Year Q'S contest-thanks to Expressions Slimfit Studio. sjg& "Frankly, never knew )fiSli}%' easy. "I started off 59kg. At the sessions of the Expressions weight-loss and inchloss programme, 7kg. That's
      249 words
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  • Page 14 Advertisements
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      224 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT
      224 words
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      Page 14 Advertisements Column 2
      301 14 DIANXIN TEMPTATIONS Continuing the parade of culinary gems incomparable Ruyi offers a fine selection of Dian Xin. From our creative A la Carte menu, treat yourself to all the Dian Xin you can enjoy for $16.80++ per person. Open daily from 11 30am 2:3opm for lunch, and 6:3opm 10.30pm for
      301 words
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      Page 14 Advertisements Column 3
      255 14 Seafood Theatre Restaurant Cantonese-Th* Cursine <y make i NO BONES i ABOUT IT. out SET MENUS A«f VALULFOt-MONEY. <*/etV eS lO at W y i Tv> > I A rare treat indeed! Exotic Cantonese-Thai cuisine served to you at j the most affordable prices In a variety of set menus
      255 words
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      Page 14 Advertisements Column 4
      240 14 n| Just imagine. Thirty glonous days to savour our g9B] super Swiss spread. With over 60 traditional favourites, you might just go on eating forever! We serve the world to you at The Belvedere. J^k H |ffi BDE Swiss Buffet Lunch |9S Noon 2.30 pm July 1 31 RMg Adult:
      240 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      808 14 TELEVISION AND RADIO tuviimhk i -mnii-Hinwnt w.m mil«>i«iiuiM»wmi—wi—w« 1 riir-rrr---r ■»:-».'>■ —.manix<»«■«****■>»•«.■«»• «»<—»■». ■*»««hh»bw————————— CJ l~ -fl {«%/> g artoon > RdfgKHis BUSINESS ON RADIO ll 111 111 11 1. W 5-55 Bump (Cartoon). 7.00 Cable Hew* Network. LIII if I I 111 II 7.00 AM CNN International (L). 6.00
      808 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Europe: where the good times are rollin'
      928 15  -  America used to be the promised land to those from the poorer parts of the world and there used to be no other place Americans wanted to be. Well, writes Alan Riding, the times are a-changin' Alan Riding NYT HOW IS it that
      NYT  -  928 words
    • Article
      Lock icon Using memories and old songs to sell new movies
      568 15  -  For the old Hollywood musical, songs became hits after the movies were released. Today, says Larry Rohter, songs are the making of the movie Larry Rohter NYT LONG before Pretty Woman became a hit movie, it was the title of a
      NYT  -  568 words
    • Article
      De Klerk's son tipped to postpone wedding
      339 15 CHATTERBOX THE ROMANCE between Willem de Klerk, a son of President FW de Klerk of South Africa, and Erica Adams, the daughter of a prominent mixed-race politician, has taken an intriguing new turn with a report that they now plan to be married
      339 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      250 15 AND ENTERTAIN Seafood Bayou It's a marine bonanza with delicate seafood choices at the Hubertus Grill From 1 to 20 July 1991. Reel in seafood appetizers such as Ravioli of Crabmeat with Basil Sabayon. Scoup a "netful" of soups with Consomme of Smoked Salmon. Prize catches are our main courses
      250 words
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      Page 15 Advertisements Column 2
      97 15 Cool and cold culinary temptations to seduce your summer palate including Cold Crab "Teochew" Style, Fresh Asparagus on Ice, China China Drunken Chicken, Rainbow Cold Dish Combination and many more. Prices from $B.oo+ You don't have to be a member to enjoy fine dining. CHINA CHINA RESTAURANT MARINA BAY GOLF
      97 words
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  • CORPORATE FOCUS
    • Article, Illustration
      Lock icon Luxembourg freezes BCCI's accounts
      460 16 From Luxembourg to Britain and the US, the Bank of Credit and Commerce International is under siege, a victim of its past misdeeds. Focus looks at the rise and fall of this erstwhile international bank Reuter A Luxembourg court yesterday froze all payments by Bank of
      Reuter  -  460 words
    • Article
      Lock icon The corruption of a Third World vision
      1050 16 NYT WHEN financial regulators in Britain, the United States and five other nations swooped down on the Bank of Credit Commerce International last Friday, they caught themselves a very big bank, but one largely unfamiliar to much of the banking world and to
      NYT  -  1,050 words
    • Article
      Lock icon Thousands of British Asian businesses face collapse
      332 16 Reuter Thousands of businesses owned by British Asians faced disaster following the suspension of the Bank of Credit and Commerce International (BCCI) because of fraud suspicions. Companies run by Asian Britons hold nearly half the 120,000 accounts registered with the BCCI in Britain,
      Reuter  -  332 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      235 16 To Show You How Portable And Convenient The New EIKI LCD One Gun Video Projector Is. Call 221-6389 For A Free Demonstration At Your Office Today. V > J*-1' > X- -J'-'"- TL 1 v*' i? ■S: I" s 4,, V-,JL.t. V i' l "j -'t-r Ni iv oi^B^^BF EfflK
      235 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      72 17 JB~ t <ii» S^^S "A 4^i vt Hongkongßank, we try to control our own destiny— to build for the future. A property planned information yj strategy and systems that have lasting value are both critical." V f 1^ MANAGER TSV OPERATIONS HONGKONGBANK O Hitachi Data Systems 2002 Bond Centre East
      72 words
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  • SPORTS
    • SIDE LINES
      • Article
        Bad weather delays solo crossing attempt
        122 18 TOKYO Bad weather has delayed an attempt to row across the Pacific by Frenchman Gerard d'Aboville. His spokesman Keiji Sasaki said yesterday: "It is hoped Mr D'Aboville will be able to leave in the next few days because the typhoon season is about to
        122 words
      • Article
        Cochran takes Western Open
        139 18 LEMONT, Illinois Russ Cochran made a pair of key birdies on the 15th and 16th holes to overtake a struggling Australian Greg Norman on Sunday and win the US$l million Western Open golf championship. Norman held a fiveshot lead before a run of four successive bogeys
        139 words
      • Article
        Geiberger wins Kroger Classic
        94 18 KINGS ISLAND, Ohio A 1 Geiberger fired a 4-under-par 67 on Sunday to earn his first Senior PGA Tour victory in 23 months by winning the US$6OO,OOO Kroger Senior Golf Classic. Geiberger, who tied for second a week ago at the Southwestern Bell Classic, compiled a
        94 words
      • Article
        Popov beats Biondi
        78 18 SANTA CLARA, California Alexander Popov beat Matt Biondi in the 100-metre freestyle at the Santa Clara International swim meet on Sunday, the Soviet's second straight victory over the five-time US Olympic gold medallist. Popov won in 50.44 seconds, a meet record, ahead of team-mate Venamin Tayanovic (51.49)
        78 words
      • Article
        Prost happy with car
        128 18 MAGNY COURS, France Three-time world champion Alain Prost says his new Ferrari 643 showed a lot of potential in its first Formula One test. Prost had his best race of the season in the new car as he battled Nigel Mansell of Britain over 72 laps
        128 words
    • Article, Illustration
      Lock icon Majestic Stich
      1023 18 Wimbledon NYT WIMBLEDON It was a sorry sight on a glorious summer day. There he was, the imperious Boris Becker, his shoulders slumped and his bowed head leaning against the stanchion of the vacant umpire's chair as another man paraded around the most hallowed of Wimbledon's lawns carrying
      NYT  -  1,023 words
    • Article
      Lock icon Miller ends victory drought at Toledo
      190 18 Reuter SYLVANIA, Ohio Alice Miller ended a six-year victory drought by winning the Toledo Classic golf tournament on the third hole of a sudden-death playoff against Deb Richard on Sunday. Miller sank a 12-foot putt for birdie to win at the 18th after the
      Reuter  -  190 words
    • Article
      Lock icon Survival of the tallest
      552 18 Big, booming serves putting fans to sleep AP WIMBLEDON Michael Stich blasts a 100 mph (160 kph) serve, Boris Becker slams it back and Stich pounds a volley just wide of Becker's outstretched arm. It may be effective, but it doesn't necessarily thrill the fans, especially
      AP  -  552 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      202 18 &<Myi<ZtuC<ZtiM4> tO> lAN WOOSNAM for retaining the MONTE CARLO OPEN Title using maruman Qolf Equipment RP^fl t ""lo Tv+e_ ose. TV*e. TL p-y IjO^r^V WINNING FORMULA ©maruman Sote Agents: OunJ Pte. Ltd 545 Orctwd Road #02-27, Far East Shopping Centre, Singapore 0923 Tel 734 6878/734 6128 Fax (65) 285 4978
      202 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Scandal jitters continue to drag prices down
      4475 19  -  By Diana Oon THE stock market got off to a poor start for the week yesterday as concern over scandals in the Malaysian and Japanese markets kept investors on the sidelines. The benchmark Straits Times Industrials Index started easing from the outset and
      4,475 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3465 20 Main Board FELS 50* 645 +10 +16% Alliance Tech 110 +10 +10.0% OU Securities 159 +9 +6 0% Metro Hldgs 550 5 0.9% The H Glass Wts 25 +5 +25.0% Burwill Wt***** 22% +3 +17.8% BurwiU 10*2000 79 3 3.9% ICS 394 2 +0.5% Hotel
    3,465 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares finish lower across the board
      4113 21 MBT SHARE PRICES on the Kuala Lumpur stock market closed broadly lower yesterday on lack of buying support as investors became concerned over the market's near-term prospects in the absence of positive leads. The KLSE Composite Index hovered just above the 600 mark before
      MBT  -  4,113 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      28 21 f Unit trust options Doing business in Bombay Soaring medical costs IgMBBrS r -s«' j "".•"•■T t^M n^SHH^EtZj 1, "iPfPt -f^jk on Avimo, Lim Kah Ngam OA# SALE
      28 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      436 22 Ciwpiwy Date Year Group Net N«t earnings Crass mh to prallt/lMS (L) per share dividend ('000) (cants) Amcol Jun 25 Dec 90 *36,143(19,185) 18.2(4.6) 10(10) Metroptex Jun 25 Ian 91 M$15,628 ($5,450) 2.6(19a) 6(4 la) SIA Jun 25 Mar 91 J912,800(11.200,600) 143 2(188 4 40(35) SPP Jun 25
      436 words
    • Article
      PRELIMINARY RESULTS
      264 22 Campaay Data Year Group pre-tax Nat earnings Grass aaa la preftt/tess (L) par shara dividend COM) (cants) Choc Products Jul 1 Mar 91 M$5,272($2.105s) 5.0(0.9) Faber Group Jul 1 Jan 91 M$33,426($15,558l) 8.1(—) MCB Hldgs Jul 1 Mar 91 M$2.411 ($1.7661) 2.9(—) NYA(2.5) Alex HkJgs Jun 28 Mar
      264 words
    • Article
      INTERIM RESULTS
      188 22 Cempawy Date Half-year Group pre-tax Interim am to profit/loss (L) dividend C000) Ganda HMgs Jun 25 Mar 91 MJ554L ($3,2371) Asa Pacific Jun 21 Mar 91 559,214($48.108) 14 5(15 4) FAN Jun 21 Mar 91 $89,232(175.678) 9.2(9.2) Avwno Jun 14 Mar 91 S1.541 ($1,571) 5TE(7.5TE) Saroanda Hldgs Jun
      188 words
    • Article
      DIVIDENDS ANNOUNCED
      814 22 Current Ex Beaks Date Total far Total far payment date cteae payable the year last year Amcol 25c 10% Jul 5 Jul 17 Jul 31 10% 10% AMFP NYA(e) Jun 19 Jul 4 Aug 15 NYA 2.8C Alex Mdgs 50c 6%(b) Sep 4 Sep 16 Sep 30 6%
      814 words
    • Article
      APPROVED ISSUES
      445 22 Company Rights Issue Mean One-for-two fe M$100 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MSO10 each at MSI per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR tor every 4 CRPS Ex-date lun 7 Books dose: Jun 21
      445 words
    • Article
      BONDS, LOANS & WARRANTS
      725 22 BONDS, LOANS WARRANTS Bwfl Wt Before 30/6/94 1 warrant plus HKJ100 cash C4C Wt Before 26/4/93 Jf warrantpiusl3 .09 cash" CauMwiy Loan Cauwway Wt 2/10/89 to 20/10/94 1 warrant plus $0.77 cashVf warrant phis" $0 77 nominal amount of loan stock. Chan Nat n Oion h? HI March 87 to
      725 words
    • Article
      CORPORATE DEVELOPMENTS
      560 22 Edaran OtomobH Nasional, Malaysia's national car distributor, may be taking a substantial stake in Singapore's leading motor group, Cycle Carriage Ltd. Unphocflii Corp Bhd is acquiring an 80% stake in Halim Securities for Ms64m (J4lm). Apex Equity Hotdinp Bhd, which is seeking a listing on the main board
      560 words
    • Article
      RESULTS DUE
      594 22 Main Board Last FuN Year Company Period Date Year Not EPS Grow Not anouKod ondkif (cents) Ar profit last rear (TOO) Ceretoos Interim Apr 27 Jul 91 12.6 20.0TE(a) 38.911 Spore Land Interim May 4 Dec 91 12.6 10.0 44.641(g) SIC Interim Jul 26 Dec 91 13.2 11.1
      594 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      877 22 Prices as at 08.07.91 Conversion tonus Premium/ Expiry (discount) Amount Optional** using Issued Company (mil Wrts Share Loan Com Exor Lnstk Cash Cash Loan Soaring Data Mths units) stock ratio prico nom Stk Loft valno S Burwill 115.2 0.225 0 790 1 00 1 00 55
      877 words
    • Article
      PROPOSED ISSUES
      432 22 Company Rights Issue H Leonf M Two-tor-five <g, MS3 35 per share Issue of $28 07m 5% Redeemable Unsecured Loan Notes on the basis of SI nominal amount of Loan Notes for every 5 shares held. Every $1 nominal amount of Loan Notes will be issued with one
      432 words
    • Article
      COMPANY MEETINGS
      158 22 Mris Hyfrauic (M) Bhd: EGM at the Multi-Purpose Hall, Ist Floor, Tabung Haji Head Office Building Jalan Tun Razak, ***** Kuala Lumpur on Thursday, July 11, at 11am. Metroplex Bhd: 28th AGM at the Sabah Room, Level 3, Putra World Trade Centre, Jalan Tun Ismail, ***** Kuala Lumpur
      158 words
    • Article
      RECORD HIGHS & LOWS
      194 22 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 Ngh: 1333.08 (3/6/91) 1991 1565 58 (3/6/91) 1991 tow: *****2 (16/1/91) 1991 1149 08 <16/1/91) 1990 Nffi: 1435 43 (16/7/90) 1990 W«h; 1607.12 (27/3/90) 1990 tow: 981.07 09/11/90) 1990 tow: 1079.50 (11/10/90) 1989 high: 1322 00 28/12/89) 19*9 to* 1487
      194 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei plunges 722 points to close at year's low
      2234 23 Reuter TOKYO STOCKS closed sharply lower yesterday, with the Nikkei Average posting a new 1991 closing low. Brokers said buyers disappeared following Japanese media reports that the Finance Ministry will announce sanctions against the Big Four brokerages later yesterday. Small-lot sales
      Reuter  -  2,234 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Profit-taking sets in after recent sharp gains
      1962 23 Reuter HONGKONG'S blue-chip stocks index slid throughout the afternoon yesterday as profit-tak-ing slashed the morning's gains of some 38 points. Brokers said sharp losses in Tokyo also weakened local stocks. "This morning we saw all the foreign money pouring in again but profit-taking
      Reuter  -  1,962 words
  • Page 23 Advertisements
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  • REGIONAL STOCK MARKETS
    • Aussie stocks fall on futures selling
      • Article
        AUSTRALIA
        852 24 THE Australian share market closed lower yesterday on the back of futures selling and a late slump in Tokyo. Brokers said pressure applied from both Japan and the Sydney Futures Exchange was enough to force leading stocks down in what was otherwise flat, directionless trade. In Tokyo, the Nikkei
        852 words
      • Article
        Untitled
        78 24 July 8 SYDNEY All Ordinaries Index 1,525.7 1,536.1 -10.4 All Industrials Index 2,339.6 2,355.2 -15.6 All Resources Index 901.5 907.5 -6.0 Turnover (million) 68.0 68.9 -0.9 BANGKOK SET Index 726.34 716.29 +10.05 Turnover (million baht) 2,820 2,420 +400 i JAKARTA Composite Index unav 341.78 MANILA Composite Index 1,027.08 1,063.83 -36.75
        78 words
      • Article
        BANGKOK
        609 24 THE Thai stock market started the week in good spirits, spurred by heavy trading of two real estate issues, whose combined turnover amounted to more than 40 per cent of yesterday's market value. The SET index closed 10.05 points higher at 726.34 on a total turnover of 2.82 billion
        609 words
      • Article
        MANILA
        539 24 PHILIPPINE SHARES fell a sharp 3.5 per cent yesterday in reaction to a transport union threat to hold a strike today and the controversial resignation last week of President Corazon Aquino's chief of staff. The Manila Stock Exchange composite index closed at 1,027.08 points after losing 36.75, or 3.5
        539 words
      • Article
        TAIPEI
        536 24 THE Taiwan stock market, hit by a loss of 179.35 points on Saturday, fell further yesterday in thin trade as sentiment I was sluggish with most investors staying away from the market, dealers said. The weighted index fell 94.60 points or 1.7 per cent to close at 5,318.01 compared
        536 words
      • Article
        Untitled
        343 24 la local can—cy la SI la USS day y*ar day year day year JalyS ladex chafe chaay chan clause World 398.1 0.3 11.2 0.3 6.4 0.3 4.7 *EAFE 513.1 -0.2 9.2 0.2 1.0 0.2 -0.6 Europe 423.9 0.2 16.3 0.4 -2.3 0.4 -3.8 Pacific 113.0 -0.5 3.9 0.0 3.6 0.0
        343 words
      • Article
        SEOUL
        740 24 SHARE PRICES recorded a solid gain yesterday in active trading on the Korean stock exchange. The composite price index of the exchange added 6.75 points from Saturday's close to finish at 617.18. Advances overwhelmed declines 472 to 183 among the 784 issues traded. Volume amounted to 12.525 million units
        740 words
      • Article
        NEW ZEALAND
        128 24 NEW ZEALAND shares gained a little ground by the close yesterday, with many companies firming by just one or two cents each, but there was no strong direction. "It didn't have that grunt that we have been getting," said Buttle Wilson operator Peter Halligan, who believes the market
        128 words
      • Article
        Untitled
        720 24 Jakarta Rupiah Vol('OO) July 8 Abda 2IOO Ahap Insurance 4000 Alumindo Pcrkasa U 3500 unch 5 Aqua (ioldcn Missisip 9600 Argo Pantes 6950 Aster Jawa 1650 100 70 Astra Graphia ***** 1000 10 Astra Int'l Inc ***** 100 680 Asuransi Bintang 7650 Asuransi Dayin Mitra 7000 Asuransi Jiwa Panin *****
        720 words
  • Page 24 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon NZ currency finally sees market-led depreciation
      528 25 Reuter WELLINGTON The Reserve Bank of New Zealand is finally seeing a limited market-led depreciation of the resilient local dollar, after the currency last week fell out of its recent tight range, analysts said. The New Zealand dollar had held remarkably steady this year,
      Reuter  -  528 words
    • Article, Illustration
      Lock icon Bundesbank warns of possible wage-price spiral
      271 25 Reuter FRANKFURT Bundesbank board member Hans Tietmeyer has warned of the danger of a possible wageprice spiral resulting from relatively high wage deals in Germany. "The actual difficulties of the current inflationary developments in Germany stem from wage policies," Mr Tietmeyer said on Sunday.
      Reuter  -  271 words
    • Article
      INTERBANK FOREX RATES
      389 25 I'M-l July 8 SS MS Dm Yen SFr AS NZS uss 1.7625 2.7890 1.8215 138.50 0.6163 1.5690 1.3055 1.7637 ss 0.5674 1.5824 1.0335 0.7858 0.3497 0.8902 0.7407 1.0007 MS 0.3586 63.19 0.6531 0.4966 0.2210 0.4681 0.6324 Dm 0.5490 0.9676 1.5312 76.04 0.3384 0.8614 0.7167 0.9683 Yen 0.7220
      389 words
    • Article
      MONEY MARKET
      532 25 Interbank rates SS Bid Offer Overnight 4 15/16 S 1/16 1-month 5 15/16 6 1/16 2-month 5 15/16 6 1/16 3-month 6 6 1/8 Ovaiighl mode: 5-1/8 US$ Bid Offer 7 days 6 6 1/8 1 month 6 6 1/8 2 months 6 6 1/8 3 months 6
      532 words
    • Article
      Lock icon Nepal currency devaluation draws criticism
      165 25 AFP KATHMANDU The government's decision to devalue the Ncpalese currency by nearly 20 per cent against the US dollar drew criticism from several leading analysts who called the move too hasty. The Ncpalese currency was devalued 20.96 per cent against the greenback in two moves
      AFP  -  165 words
    • Article
      US$ drifts lower as traders turn to mark/yen activity
      593 25 THE US DOLLAR drifted down toward support around 1.81 marks in early Europe trading yesterday as the sell-off following Friday's failed attempt at 1.85 continued. Traders said attention had turned to the crosses, particularly mark/yen with the Japanese currency depressed by
      593 words
    • Article
      FINANCIAL FUTURES
      998 25 SjjjEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 93.50 93.52 93.49 9151 3724 ***** 3071 Dec 91 92.91 92.92 92.89 92.90 4346 ***** 1241 Mar 92 92.78 92.79 92.76 92.78 1000 8851 532 Jun 92 92.33 92.35 92.33 92.35 410 1520 212 Sep 92
      998 words
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  • COMMODITIES
    • Article
      Lock icon Taiwan seeks partners to explore for oil in Siberia
      344 26 AFP TAIPEI Taiwan's staterun Chinese Petroleum Corp (CPC) is seeking partners to explore for oil in Siberia and is also negotiating to buy crude oil from the Soviet Union, CPC officials said yesterday. The company is planning joint ventures with foreign
      AFP  -  344 words
    • Article
      Lock icon EC's agricultural policy driving Third World producers bananas
      326 26 AP WASHINGTON The United States for decades has sweated out all sorts of agricultural trade disputes with the European Community, from trade-war brinkmanship to current disputes over export subsidies. But American farmers at least don't have to worry about bananas. Lots of
      AP  -  326 words
    • Article
      Higher offerings send KL tin down by 2 sen
      826 26 REPORTS THE price of tin slipped two sen to M$ 15.44 per kg on higher offerings on the Kuala Lumpur Tin Market yesterday. Dealers attributed the easier opening to the lower London Metal Exchange last Friday when the metal lost US$l5
      826 words
  • Article
    PRICES
    1326 26 Rubber jujy« ■Mjhfchjjijg SoentVfcg Noon Clot Int I RSS Prompt 143.00/144.00N 143.2V144.25N Int 1 RSS Aug 91 144.00/144.50 144.25/144.75 lnt 1 RSS Sep 145.25/145.75 145.50/146.00 Int 2 RSS OP 142.50/144.50N 142.50M 44.50N lnt 3 RSS OP 141.00/143.00N 141 (XVI43.00N lnt 4 RSS OP 136.00/138.00N 136.00/138.0ON lnt 5 RSS OP
    1,326 words
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      625 26 BUSINESS TIMES TBLEPHONB: 730-3771/3772/5773 FAXi 734 49»3 9 Focal Finance Focal Finance Limited Incorporated in Singapore (A Member of the OCBC Group) ANNOUNCEMENT Pursuant to Article 32(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company as at the end
      625 words
    • Advertisement
      Page 26 Advertisements Column 2
      303 26 BAYSHORE INVESTMENTS (PTE) LTD (In Members' Voluntary Winding-up) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the Company convened and held at 1 Colombo Court #07-19 Singapore 0617 on Wedneeday 3 July 1991 at 10.00 a.m., the following Special Resolutions were duly passed:1. That the Company be wound-up voluntarily
      303 words
    • Advertisement
      Page 26 Advertisements Column 3
      11 26 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1065 27 CHy nnw ETA CIO M1MI GA893 1025 GA892 0110 MlaHa SQ228 2000 QF82 2200 RJ183 0030 kmtmtm GA893 1025 SQ24 0100 KL837 1255 GA892 0110 SQ23 1815 KL838 2240 GA974 2400 HlfM-i NZ35 1550 SQ388 2015 NZ36 2330 %\Q 5 1755 MvM SQ181 1410 SQ182 0915
    1,065 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Spain hoping for tourist revival
      532 27  -  POSTCARD FROM MADRID By Stephen Brown SPAIN, shaken by a sharp drop in its tourist trade, hopes the turmoil on the eastern and southern shores of the Mediterranean will send holiday-makers flocking back. The Gulf War and Muslim fundamentalist violence in Algeria have scared tourists
      532 words
    • Article
      MONEY CHANGER RATES
      151 27 As at 3 om vesterdw: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar Canadian dollar 1.328 1.3430 NZ dollar 0.9890 1.013 Sterling pound 2.8320 2.8630 US dollar 1.7330 1.7630 Local dollars to 100 uits of fneiga currency Austrian schilling 13.30 14.30 Belgian
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      85 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Td July 14-21 Exhibition On Buenos Aire* USUAR1A *****2855 Au# 6-9 IV Jeiwi,CT > Buenos Aire*, Rossi Heinkan *****1-9413 Equipment, International Argentina Asociados SA Technology Exhibition A Services for Informatk A Au 18-20 International Germany Mode Woche- *****1990
      85 words
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      40 27 Zurich fly to Europe with Finnair. (And the not so well-off too.) Because Finnair flies a superb twice-weekly route from Singapore to Helsinki and then over 30 European destinations. Call *****77 for details. We know Europe from «uurt to Finnish.
      40 words
    • Advertisement
      Page 27 Advertisements Column 2
      46 27 pm SPOUTS- Who says sports is suffering in schools? Who soys there aren't enough pofentioi champions? We uncover a wealth of talent in our new series, starting today with Jhe New Paper's All-Star soccer team. it -if wWBS* f ;J| W k im- -A* fe' Krc.
      46 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      263 27 7 Thinks a great deal of events are badly organised F I I I I I I I ***** 8 Vessel about to break up In certain charts it may dicate a mile (4) 1 I I 13 One who likes going ■■"IHh after dark needs own light 15 Archbishop
      263 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      208 27 Singapore Outlook: Showers over few areas in morning. Report: Maximum temperature 30.7* Assoc humidity 71% Minimum temperature 23.6" Assoc humidity 94% Hours of sunshine 1.00 Rainfall in mm Trace Rainfall this month 22.5 Rainy days this month 3 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 13/02 Showers Bangkok 34/25 Showers Beijing
      208 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      44 27 I %g I (uhy V°°-l /*V T gsuep By a SPrt' rs v UWITC. FPvOep CLOWN V \P* DtAK.... < big Top a*" Kir\ql\ogs tb Q\J»T "TWC Cvcos.... circus *NDfeecome r ffu cn^/ /v V CfeRKAT A>y J»** w/ W/ 8463 S>J rFvfwiNr.STA.NnAnnrniTn iM2.iMi %4L~
      44 words
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  • Article
    DFS not likely to re-open store at Claymore Point
    362 28  -  Poor business, ample retail space cited as reasons By Sangeeta Mulchand DFS SINGAPORE which closed its Claymore Hill store "temporarily" earlier this year, is likely to keep the retail space at Claymore Point closed until the lease expires in the first
    362 words
  • Article
    Lock icon Tokyo launches Euroyen futures options
    296 28 AFP TOKYO The Tokyo International Finance Futures Exchange (Tiffe) launched trading in options on Euroyen futures yesterday, marking another step in its battle with the Singapore International Monetary Exchange (Simex). The launch of the new instrument follows the success of the Tokyo exchange's three-month Euroyen
    AFP  -  296 words
  • Article
    Lock icon Gorbachev to speed up arms talks, says US
    151 28 Reuter WASHINGTON The White House said Soviet President Mikhail Gorbachev had agreed to step up efforts to reach a strategic arms reduction treaty that could be the centrepiece of a superpower summit in Moscow later this month. It said Mr Gorbachev will
    Reuter  -  151 words
  • Article, Illustration
    EDB's N American operations director to join JTC
    296 28  -  By Lilian Ang THE ECONOMIC Development Board's director of North" American operations, David Lim, is to join the Jurong Town Corporation (JTC) soon as its deputy general manager. A JTC spokesman yesterday confirmed that Mr Lim, 35, would assume the newlycreated post
    296 words
  • Article, Illustration
    The world's richest man
    38 28 TOKYO Meet the world's richest man, Japanese real-estate tycoon Taikichiro Mori. According to the latest issue of Forbes magazine, he is worth about US$l5 billion. For the full report and rankings, see Pg 8.
    38 words
  • Article
    Lock icon Apec can be a forum: Badawi
    121 28 Bernama KUALA LUMPUR The Asia-Pacific Economic Cooperation (Apec) group can serve as the common economic forum for members of the proposed East Asia Economic Group (EAEG) and the North American Free Trade Agreement (Nafta), Malaysian Foreign Minister Datuk Abdullah Ahmad Badawi said yesterday. He
    Bernama  -  121 words
  • Article, Illustration
    A level playing field for big and small
    746 28  -  The Bottom Line SREE KUMAR SREE KUMAR The writer, formerly a management consultant, is currently a research fellow at the Institute of Southeast Asian Studies. The view's expressed are entirely his own. SO, the European Court of Justice has dealt predatory pricing
    746 words
  • Article
    Mitsui to boost investments in South-east Asia
    358 28  -  By Shoeb Kagda MITSUI CO, the world's largest general trading house, will step up its investments in South-east Asia in the coming decade to tap the tremendous economic growth within the region, said president Naohiko Kumagai yesterday. The company is currently involved in
    358 words
  • Article
    Nature of Singapore-US ties to change: report
    292 28 SINGAPORE is on the brink of a qualitative change in its relations with its economic partner, the US, with the prospect of more significant political and military ties in the future, says Hongkongbased Political Economic Risk Consultancy (Perc). Coming amid rising regional tensions
    292 words
  • Article
    Lock icon India sends gold to London as collateral
    225 28 Reuter NEW DELHI India has flown 25 tonnes of gold from its official reserves to London as collateral for future loans if needed to maintain payments on its huge foreign debt. Indian central bank governor S Venkitaramanan said in Bombay yesterday that the
    Reuter  -  225 words
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      103 28 Baume Mercier GENEVE 1830 Quality can BE MANAGED. WE'LL SHOW YOU HOW. PHILIP CROSBY ASSOCIATES, INC. THE WORLD'S LARGEST MANAGEMENT CONSULTANCY COMPANY SPECIALIZING IN QUALITY MANAGEMENT, IS PLEASED TO ANNOUNCE ITS COLLEGE SCHEDULE FOR JULY TO SEPTEMBER 1991. COURSE TITLE FEE DATES QUALITY IMPROVEMENT 554,500 Jul 15-18 PROCESS MANAGEMENT Aug
      103 words
    • Advertisement
      Page 28 Advertisements Column 2
      13 28 JIL Baume Mercier GENEVE 1830 Once-wary India now courts foreign investment, Pg 8
      13 words
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  • SHIPPING TIMES
    • Article, Illustration
      NOL to launch joint service to N America
      443 29  -  By Rahita Elias NATIONAL CARRIER Neptune Orient Lines, together with Japanese partners Nippon Yusen Kaisha (NYK) and Nippon Liner System (NLS), will launch a four-times weekly sailing between the Far East and the North American Pacific Coast (NAPC) in December. NOL, NYK
      443 words
    • Article
      Lock icon Japan, US navies join forces to locate mines
      315 29 AP MANAMA, Bahrain The Japanese and US navies have joined forces for the dangerous task of locating mines the Iraqis planted in the Gulf waters during the war. Nine navies have cleared 1,239 tethered mines from the waters off Kuwait, about 200
      AP  -  315 words
    • Article
      Lock icon The long wait for phones in Greece
      487 29 Government promises a new telephone system Reuter ATHENS Lazaros Petrides applied for a telephone line for his home in 1984. Seven years later he's still waiting. Petrides is one of 1.5 million Greeks who have asked for lines and haven't received them. The
      Reuter  -  487 words
    • Article
      INDEX TO ADVERTISERS
      877 29 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Aeropak Express 9 5 APL 5 3-5 APC Line 13 5 •ASCL 5 I ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 14 4 Bangladesh Shpg 8 5 The Bank Line
      877 words
    • Article
      Asean shippers against new terminal charge
      403 29  -  By Selva Kumar ASEAN shippers have voiced their unhappiness over a new Terminal Handling Charges (THC) by 20 shipping lines scheduled to take effect from next month. In a statement last week the Federation of Asean Shippers' Council (FASC) demanded that the lines should
      403 words
    • Article
      Tiphook to seek secondary listings in HK, New York
      234 29  -  By Dexter Lee BRITISH transport group Tiphook is hoping to get secondary listings on the Hongkong and New York stock exchanges by the end of the year, said its chairman Robert Montague in London last Friday. Mr Montague, who was speaking
      234 words
    • NEWS SUMMARY
      • Article
        Bold Volvo experiment falters
        65 29 SINCE August 1988, when AB Volvo opened its car-assembly factory in the southwestern Swedish city of Uddevalla, it has been hailed around the world as one of the boldest experiments in what is referred to as humanistic manufacturing. But this noble experiment is increasingly looking like
        65 words
      • Article
        Delta makes offer for parts of Pan Am
        42 29 DELTA Air Lines said last Friday it made a specific proposal for parts of Pan American World Airways, offering to buy a package including the Northeast shuttle, trans-Atlantic routes and 45 planes Back Page
        42 words
      • Article
        Ansett NZ losses bigger than expected
        39 29 ANSETT New Zealand Ltd lost NZ543.25 million (5543.3 million) in the 51 weeks to June 21, some NZ$l2.BB million more than the budgeted loss, according to Auckland's Sunday Star newspaper yesterday Back Page
        39 words
      • Article
        Checks to be done on 50 jets
        37 29 ABOUT 50 jetliners equipped with an engine device implicated in a jet crash in Thailand that killed 223 people will be inspected, the US Federal Aviation Administration announced Back P«ge
        37 words
    • LOG BOOK
      • Article
        Marseilles appoints Jardines as FE agent
        97 30 SINGAPORE JARDINE SHIPPING Services has clinched the appointment of Far East agent trom the Port of Marseilles, which last year became the No 1 port in France and second in Europe with 91.6 million tonnes of cargo traffic. Jardines and its associates will promote
        97 words
      • Article
        MSE close to winning 2 orders
        78 30 PASIR GUDANG Malaysia Shipyard and Engineering Sdn Bhd (MSE) is negotiating with two Indonesian companies for the construction of two tanker ships, an official said. MSE president and chief executive, Mr Mohamed Najib Jaafar said the contracts for the construction of the 6,500 dwt
        78 words
      • Article
        Mazda plans to buy more parts
        96 30 TOKYO Japan's Mazda Motor Corp plans to boost purchases of foreign electronics parts, mostly from the United States, by almost 60 per cent over the next two years, a company spokesman said. The spokesman said purchases of foreign microcontrollers were forecast to rise from
        96 words
      • Article
        Exxon cleanup to finish soon
        77 30 ANCHORAGE, Alaska The third summer of cleanup operations on beaches fouled by the Exxon Valdez oil spill will be mostly finished by July 15, the federal government s manager of the cleanup said. But the US Coast Guard, Exxon Corp and state officials will return
        77 words
      • Article
        Drop in world lay-up tankers
        85 30 LONDON World oil tankers in lay-up, idle or under repair fell to 3,144,108 long dwt (26 vessels) in June from 3,150,635 dwt (27) at end-May, London shipbroker Howard Houldcr said. The combination carrier laid-up figure at end-June was unchanged at 112,350 long dwt (one vessel).
        85 words
      • Article
        Heung-A, Cosco to start service
        62 30 SEOUL South Korea's Heung-A Shipping and Chinese state shipping company China Ocean Shipping Co (Cosco) will launch the second direct container shipping service between the two nations from Aug 1, a Heung-A official said. The two firms have set up a 50-50 joint venture, called
        62 words
    • Article, Illustration
      Lock icon Bold Volvo experiment falters
      1386 30  -  The Swedish car maker's attempt to use the craftsman approach to build an entire car appears to be unsuccessful, Steven Prokesch reports Steven Prokesch NYT SINCE August 1988, when AB Volvo opened its car-assembly factory in the southwestern Swedish city of Uddevalla, it has been hailed
      NYT  -  1,386 words
    • Article
      TRANSPORT DIARY
      978 30 Aug 13-14: Seminar on Shipping and Air Freight Documentation, Procedures and Operations, organised by Facs World at Carlton Hotel. Aug 21-22: Seminar on Shipbroking and Chartering I Terms, Negotiation and Fixing, organised by Facs World at Carlton Hotel. Sept 14-18: Japan International Aerospace Exhibition, Tokyo, Japan. Nov 25-28:
      978 words
    • Article
      THE SHIPPING GUIDE
      10996 38 This is a list of ships loading J at Singapore for ports around the world. It tabulates, by destination, the name of the j ship, the shipping line in- I volvcd and the estimated dates of arrival and departure from the Port of Singapore, i Advanced dates
      10,996 words
    • Article
      SHIPPING AGENTS
      3311 43 Container line NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group; Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg(S). Aibatros Sea-Air Service: Frata Shpg Pte Ud (S). Alfred
      3,311 words
    • Article
      COURIER SERVICES
      250 43 Abacas Couriers Tel: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. Airborae Freight Corporatioa Tel: 542-8844. Fax: *****16, *****80. Airswilt Worldwide Coarier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Liak International Tel: 344-3377. Fax: *****50. Cluster Liak Supplies A Services
      250 words
    • Article
      AIR FORWARDERS
      1515 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aeroliak Freight laternatioaaJ Tel: 545-803* Fax: *****05. Td°542*5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express lateraatioaal Tel: 542-7666. Fax: *****74, *****50. Air Market Express
      1,515 words
    • Article
      PORT CONDITIONS
      1874 44 ARGENTINA Buenos Aires: Labour. Stevedores continue to arrive half an hour late for work and to leave half an hour early. There are also stoppages of one full hour during each shift, reducing the effective working time per six hour shift to four hours. Port busy; all berths
      1,874 words
    • Article
      AIR FREIGHT SCHEDULE
      464 44 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type FTP T To TODAY TODAY NCA K7.203 B747F 0145 I NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 I SEL FDX FM22 DC10F 0335 1 TPE/NRT/ANC JAL JL6I7 B747F 0345 1 NRT NCA
      464 words
    • Article
      SHIP SALES & TANKER RATES
      873 44 SHIP SALES TANKER RATES VESSELS SOLD FOR FURTHER TRADING Dwn ClTnOle Balk Transporter 64,441 dwt and built 1973, sold to Greek buyers for about US$7.BO to US$7.B5 million. New Mail: 21,380 dwt and built 1981, sold to German interests for around US$7 to US$7.2 million. Moalake: 35,306 dwt and built
      873 words
    • Article
      CRUISE & FERRY SCHEDULES
      306 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Name of Vessel ETA ETD Ports of Calls Port Ay t JULY 09 09 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 10 10 Cora Pnncess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 13 13 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 14 14 Cora Pnncess
      306 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        610 45 taml toy Hi Baft InM D*«ta« Marina T«r ntaai 1 Batam Baru B75 M04 alongside 08.07/2300 Batam Mqu *****1 M03 alongside 09.07/0500 Bat am Sayang *****1 M03 alongside 09 07/0500 Batammdo 1 65S M01 alongside 0807/1800 Citra laya Kabaniahe *****A M02 alongside 09 07/2300 26/91 M02 alongside
        610 words
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        IN MALAYSIAN PORTS
        253 45 Pmmm. Nrt Berth 11 Buttoreorth an Mr ft 1: n* 2: Pacific Samudera; 3: Sri Aria. Erwm; 4: ml; 5: Swadaya; 6: Asian Pollux. Panang Mart: NB: mi; CB: Dewi Indah; SB: ni. BCT: Bl: AM; Bl: Pluto; l/B: nil. VOTP: nil. Out on My ft Aka
        253 words
      • Article
        CONTAINER SCHEDULE
        948 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boakin(/B4anca Rdb SNp Voy No Etb/Btr Period From To From ACX Rose 16A 11/1500 2 08/1700 09/0659 09/0900 4 09/1200 09/1459 09/1700 Akad 908 09/1400 1 08/1500 08/1659 08/1900 Mi Triumph ***** 10/0900 1 08/1500 08/1659 08/1900 3 09/0700
        948 words
    • Article, Illustration
      Lock icon Delta makes offer for parts of Pan Am
      464 46 AP NEW YORK Delta Air Lines said last Friday it made a specific proposal for parts of Pan American World Airways, offering to buy a package including the Northeast shuttle, trans-Atlantic routes and 45 planes. Atlanta-based Delta, one of the strongest airlines
      AP  -  464 words
    • Article
      Lock icon Ansett NZ losses bigger than expected
      180 46 Reuter AUCKLAND Ansett New Zealand Ltd lost NZ543.25 million (***** million) in the 51 weeks to June 21, some NZ$l2.BB million more than the budgeted loss, according to figures obtained by Auckland's Sunday Star newspaper yesterday. The company declined to comment officially. Sources within
      Reuter  -  180 words
    • Article
      Lock icon Checks to be done on 50 jets
      278 46 AP SEATTLE About 50 jetliners equipped with an engine device implicated in a jet crash in Thailand that killed 223 people will be inspected, the US Federal Aviation Administration announced. The FAA directive, prompted by investigations of the May 26 Lauda Airlines passenger
      AP  -  278 words
    • Article
      Lock icon Jordan's port hit hard by allied checks on ships
      548 46 Reuter AMMAN US-led navies, enforcing a UN trade embargo against Iraq, are devastating Jordan's maritime business by tough post-Gulf War inspections, shipping agents and officials said last Sunday. They complained that allied navies were closely monitoring shipping to Aqaba, Jordan's only
      Reuter  -  548 words
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      29 29 Lines and $«vic«s represented N*" 1 bers of the Registry ef Accredited Shiptxngf MQm* Agents, Singapore National Shipping ciabon For advertising enquiries, contact Shipping limes I el 740-2089/740-2090 A
      29 words
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      187 29 Sums hbk metal go pie in utumavc i«, awowoeeaan tele* w aeeTi sieim, TEL: Ml MS3(Slnaat moMKaoi m* SSXL QQjg •olrtuw Si T M WWIIdM. MtUTfU mmlmmmmm (IQtAMi OMMMV HMOV( SWII c"ITiIS» -MMTML OflmOH OeOKM MNOVATWN OOVMN OUMirr SMMCBVNO^ :7TMH Announcing 4 mora weekly departures on our transpacific schedule. At
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      51 29 Air Forwarders 15 A* Fraght Schedule 16 Container Schedule 17 Couner Services 15 Craw Ferry Schedules 16 Dariy Fraghfe 3 Index to Advertiser? 1 Port Condrtions 16 Shppng Agents 15 Stopping Gurie 10,11 Shpsales/Tanker Rates 16 Stops m Port 17 Singapore Tries 17 Transport Diary 2 Weather and Sea Condrtions
      51 words
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      88 30 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
      88 words
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      2285 31 JAROINE SNIFFING AGENCIES 200 Cantonment Road #12-06 Southpont, Singapore 0208 \llVFr r«i 221 ml telex no rs ***** ■m ■illlf TERMINAL/CFS Til *****18 220 I f Ddw9 f l BOOKINGS Tel *****34 258 «wy A PESAKA JAROINE SHIPPING AGENCIES SON. IMb. »»0«T KELANG TEL 3SMIII TELEX NO. MA*****/MA39AH SSZS PENANG
      2,285 words
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      Page 31 Advertisements Column 2
      1883 31 "dahTfreightT" THE DRY cargo freight market ended the week slipping further as the Baltic Freight Index was marked down 11 point to 1,663. The feature of a quiet day was the fixing of US Gulf/Japan time-charter for mid-July loading at a soft daily rate of USSI7,OOO, brokers said. Shipbrokers Galbraith
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      Page 31 Advertisements Column 3
      1583 31 mamsssssm TWO SAILINGS PER WEEK TO EUROPE SINGAPORE/ANTWERP 17 DAYS SINGAPORE/SOUTHAMPTON 16 DA 'S VMM Voy ETA ETD 'Port 'Panang KMtng DESTINATIONS TOM week Lou)* Maartfc 9106 Feeder toy CY *6/7 0600 MRS M Ptnio CFS IS/7 2368 MRS OAK LGB HOU MEM ATL MIA CHS BAI PHL NYC MOM
      1,583 words
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      Page 32 Advertisements Column 1
      1163 32 I IrottbmmH VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP L£ HAVRE ■BBSR HONGKONG EXPRESS 02/127 11/7 1/8 30/7 29/7 ITTo^l KAGA 19/327 13/7 31/7 2/8 5/8 6/8 WBB—I KURAMA 11/128 17/7 8/8 8/8 5/8 I. AU. WMTBO<JND P. FRANKFURT EXPRESS 57/328 21/7 7/8 9/8 12/8 13/8 KCIAIW PtWAWCCAftCO TOKIO EXPRESS
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      Page 32 Advertisements Column 2
      678 32 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT L. J BONTANG 2404E8 1/8 16/8 19/8 24/8 ALSO ACCCfTMG CARGO MA SUVA TO: LAUTOKA. PAGO PAGO. APIA NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP CLX STO (PERU) L. J BONTANG 2404E8 1/8 7/9 8/9 13/9 14/9 11/9 Agents %Uflt SINGAPORE:
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      Page 32 Advertisements Column 3
      1553 32 Q— lAWfll &H> REGULAR INDEPENDENT FULL CONTAMER SERVICE WESTBOUND FOR EUROPE VSI/VOY SM AIG BCI HAM BRE ROT AWT FEL LHA (VIA (VIA (VIA ALG) MM) ROT) NORASIA MUBARAK 9111-3 12/07 02/0S 04/01 07/01 OS/OS 09/08 10/0S 11/01 12/01 NORASJA AL-MANSOORAH 9119 3 IS/07 10/08 12/01 14/ OS 15/01 16/01
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      Page 33 Advertisements Column 1
      1835 33 snipping limes, Tuesday July 3 1 (earners Maritime Holdings Ltd) P&O WTW STRAH-SJH.PPING j Containers Slm I iter n* +p*n/+pu|spar«] «c s«« n« m»i LAUST MAERSK 9100 IM/07 00/07 10/07 25/07 2»/07 29/07 Jl/07 TOKYO OAT 0531 00/07 00/07 13/07 30/07 01/00 03/00 ,t C W h M I LAURA
      1,835 words
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      Page 33 Advertisements Column 2
      2069 33 TO: U.S.AJPANAMA PM: U.S.AiFANAMA ttSSILVOT V OAK ISB CI fo> SAW WW HTC ttttl/WT HTC MOO SAW CM l« OM ASIAN StNATOft CFI?7 11/7 7/0 1/0 10/0 ?«/t »7/» PAMS SUA TO* Ml2l 7J/5 24/J M/S 31/5 1/0 10/« 1/7 CHOTANG CHANCI ETUI 10/7 14/1 l«/l »/l JO/I Jl/I 1/*
      2,069 words
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      Page 33 Advertisements Column 3
      358 33 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR YOKOHAMA/ NAOOVA/nSAKA/SENBQKU COSMIC TRADER Vl9 ETA PK 26/7/91 ETA SPORE 22/7/91 ETA NAGOYA 2/8/91 ETA YOKOHAMA 5/8/91 NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG. TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPOKE PK PI UN CT •t «T
      358 words
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      Page 34 Advertisements Column 1
      549 34 CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL/VOt I STORE RDMI/AOMI H'BUK BREMN ANTNEKP StIMJAYA/32m 1-4/1 3/9 »/i 12/9 14/J IWTAI/2WB 1/9 4/10 13/10 15/10 20/10 U FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subiact to Indue#nn«nt Atoo «cc*pttng cargo lo C«Mbl«nc», Port Said, Port Atoiandrla. Oaooa, Trtoata. ALSO ACCEPTING
      549 words
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      Page 34 Advertisements Column 2
      999 34 it. I HANJIN SHIPPING S'por* LEH HTM AMI HAM BRV FEL FEEDER VSI SIN IME HAUL IGB OAK H HANJM HAMBURG OMR 8/7 26/7 27/7 28/7 28/7 29/7 30/7 HANJIN LONGBEACH 034E 19/7 MRECT 8/8 10/8 HAMJM VANCOUVER 005W 15/7 2/8 3/8 4/8 4/8 5/8 6/8 HANJIN HONGKONG 030E 24/7
      999 words
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      Page 34 Advertisements Column 3
      1291 34 J -J. T IfW. SGP H(S KSG U. 6 PUS MTT OK NET 96 TTO LAX CHS BAI WC UN MM MM IV IK PS CM HQ. MP I I MOT K43J 11/7 11/7 11/7 17/7 11/7 22/7 24/7 2S/7 27/7 2«/7 21/7 l/l 20/1 22/1 23/1 1/1 2/1 Vt
      1,291 words
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      Page 35 Advertisements Column 1
      2002 35 v NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********06) VT 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 Hp( NEPUNE SDN BHD MALAYSIA -jfor
      2,002 words
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      Page 35 Advertisements Column 2
      1080 35 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD L 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 SERyiCEj_^___^^^ FULL CONTAINERSHIP SERVICES EASTBOUND—OtSCHWGHG WESTBOUHD—LQADWG TJWBHPPCD W ROTTtMMX 5B yqy |aw |*u> me vov |»i lihl Iwc
      1,080 words
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      Page 36 Advertisements Column 1
      1593 36 K" W ft AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 i |Vl M. MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD M-J JL M2j TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1 ■■■■i KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA LAVTINTERNUSA
      1,593 words
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      Page 36 Advertisements Column 2
      1142 36 PHIU-ORKNT UN€S PT€ LTD V 106 ROBINSON ROAD *07-00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69/*****00 TELEX: RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 15 JUL mon™eaH)ttawa, toronto, I VANCOUVER, S'WESTERN ONTARIO I 17 JUL
      1,142 words
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      Page 37 Advertisements Column 1
      1395 37 PACIFIC INTERNATIONAL LINES (PTE) LTD SSgggM Ifc PIL Building, 140 Cecil Street #0300, Singapore 0106. JAKARTA [BANGKOK 1 VESSEL VOY SIN JKT SIN VESSEL VOV SIN rkk m HAI OUANO SllO 14/7 18/7 KOTA PAHLAWAN 9128 10/7 IV7 V 7/7 I SUNOA TERATAI 2*3 14/7 tt/7 21/7 KOTA S4NTANQ 9121
      1,395 words
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      Page 37 Advertisements Column 2
      969 37 f BEN LINE CONTAINERsErD VI 200 Cantonment Road Tel: *****22 I #13-05 Southpoint Fax: *****63 I Singapore 0208. Telex: RS ***** 1 VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Nedlloyd Delft 220 10/7 27/7 28/7 29/7 31/7 Nedlloyd Houtman 226 11/7 1/8 2/8
      969 words
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      Page 37 Advertisements Column 3
      370 37 M MYANMA n FIVE STAR LINE (Myanmar National Lina) Loading lor Yangon (Rangoon) S'pan PJUf Ptn P.Gdf MYOMA TWA VIXN In Pt PATHEM VII2W 12/17 U MAGWAY V2IM 9/10 M 12/14 M SA6AMG V24W 14/17 M HPA-AH VI64W 11/21 M PAfiAH *172*1 22/25 M THE BANK LINE (A Mrv4c« of
      370 words
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      Page 40 Advertisements Column 1
      718 40 TO AUSTRALIA/NEW ZEALAND I [«i Jsi! iFmn IkMb ISyd lAuck INK If CHAIM OCKMS 274 22/7 H/l 57i »/8 Ts/5 T775 MM TWA I 275 10/8 IC/S 20/1 23/1 M/ 8 jl/i 1/5 cum hum 27« 23/t "507 i 575 14/8 1575 MUSSEL 277 J/» lj/t l»/» 22/» 27/8 M/»
      718 words
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      Page 40 Advertisements Column 2
      869 40 OUTBOUND VOY PKL PNG )KT |«N HK6 KAO KEI TYO SIC NCO KOB VESS& YOY W FKL PW6 BtW SW QCTW 21 13.7 "8.7 12.7 19.7 23.7 24.7 25 7 ICEB«0 13A 18.7 11.7 12.7 15^ DCX ROSE ltß *12.7 12 7 1«.7 20.7 22 7 26.7 27.7 27.7 28.7
      869 words
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      Page 40 Advertisements Column 3
      1577 40 'tea f CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MALAYSIA'S ASEXTS SINGAPORE'S GENERAL AGENTS: CHWtt COSTMt SHI-PING PTE LTD J™™ E^& a SSi Sf^ewu^Bi" reIANC TE <***** HI IM ***** CUSHT F)UL ((2 (21) 3MMM FAX: 22C1166/7 ri* ***** GOTICO I* GUAN GUAN SON BHD CR NO U7S7S9OOOOM m,
      1,577 words
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      Page 41 Advertisements Column 1
      770 41 Xr cn shipping (S) pte ltd PT 133 N«w Bridge Road I L. II l bj #09-06 Chinatown Point I J\/H~) Singapore 0105 GUARANTEED CONSOL TO:KEELUNG/KAOHSIUNG 11.7.91 HONG KOW6 12.7.91 BUSAN 11.7.91 BANGKOK 13.7.91 EUROPE 14.7.91 TOKYO/KOBE/YOKOHAMA 14.7.91 USA 15.7.91 AUCKLAND 21.7.91 FREMANTLE 117.91 SYDNEY/MELBOURNE 15.7.91 FOR BOOKING PLEASE CALL
      770 words
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      Page 41 Advertisements Column 2
      450 41 (S3 RICHFIELD MARINE AGENCIES (S) PTE LTD Si TEL: *****33 (12 Lln««) m FAX: *****15/*****03 frl TELEX: RS ***** RI3HIP (3 Lines) PjF\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOADING FOR SPORE ANOINET 24W8 15/08 OARESSALAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA ABYOT 24W8
      450 words
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      Page 41 Advertisements Column 3
      828 41 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ft a eta eta spore four kelang penang BLUE MM 15// 11/7 Uumut) 10/7 Lo«d<n« tor Male MUVU HUOHU 20'/ Loading lor Calcutta DOLPWN 5/7 7/7 Loading For Mate PIONEER SUPREME In PI 10/7 Loading For Male DONAHUE HI 15/ 7 Loaded
      828 words
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      Page 41 Advertisements Column 4
      754 41 SYDNEY/MELBOURNE BANGKOK w«a iwr mm m m~| Iwaa wt l mmmm tmmm PLANETA ***** >-10/7 22-24/7 28-28/7 NANTA BHUM 4«N INd 10/7 Sal 13/7 PITA BHUM ***** 20-21/7 2-4/8 8-8/8 MAHA BHUM# 65N fri 12/7 Mm 15/7 PLANETA |I2M 9-10/7 22 24/7 28-28/7 DEM BHUM*# 18N fri 12/7 Mm 15/7
      754 words
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      Page 42 Advertisements Column 1
      1180 42 S'PORE IMPORT: *****02 PENANG: (04) *****6 J. BAHRU: (07) *****2 KK: (068) *****0 MEDAN: (061)*****2 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 UK/SCAN/MEft PORTS COjIOMBCVS. AFRICA j pEN pK $jN p EN PK SIN Colombo 15/7 16/7 17/7 11/7 12/7 13/7 Ldn/Flx/Rdm/Ant Durban/Pt Louis 18/7 19/7
      1,180 words
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      Page 42 Advertisements Column 2
      366 42 ffgfc BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINOS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL, LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI sm it pi* auck LTT PHOSPtCT VI3S 10 M 16 M YU JTJ. 18
      366 words
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      Page 42 Advertisements Column 3
      1187 42 /gz THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER I CONTAINER SERVICES 1 SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL Ivor |ET* fig VESSEL VOY SPStE
      1,187 words
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      Page 44 Advertisements Column 1
      84 44 *Hr« wBKKKk jr i~k?- ScalpeL.scissors...sutures.- Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. vournHMw-v" 6 ke| maxlmlse ret,,rns 00 Essential Information accessible every business day your money. through Business Times. In the same way a surgeon needs his tools to Mtt
      84 words
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      Page 44 Advertisements Column 2
      6 44 Read Chartpoint in BT every Saturday
      6 words
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  • Page 45 Miscellaneous
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      Page 45 Miscellaneous Column 1
      278 45 TIDES AND WEATHER TODAY'S TPES (height in metres) HMniiiitnamiiniiKiimn7inMimimnit»ian3i>miism«ii7iii»iu«aiini»H»aii 1.4 LO a 7 06 0.7 0.9 12 1.6 1.9 2.0 2.1 1.9 1.6 1.4 12 12 1.3 1.5 2.0 2.5 18 2.9 2.8 2.4 PP LS LO 0.7 0.6 0.6 OJ 1.1 15 1J 2.0 1.9 1.7 1.5 U 12
      278 words
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      Page 46 Advertisements Column 1
      805 46 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MAWNE CO. LTD. EASTBOUND FEEDER TO PACIFIC BQUTH-WEBT TO PACIFIC WORTH-WEST Ftno VOT W> IKE IRE HAU. <0T IBM OAK SEA UNE HAUL W T CM/SEA PTE MM QUI 127 07/07 01/07 10/07 H. MNOVATOft 42E 05/01 01/01 11/01 BAT WW ME
      805 words
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      Page 46 Advertisements Column 2
      126 46 PASK QUO AMG/SINGAPORE TWICE WEEKLY 3AIJNQS ITUEIBATI VESSEL VOV P.6UDAN6 S PORE IOSINDO SATU 014S 8/7 9/7 015S 12/7 13/7 016S 15/7 16/7 017$ 19/7 20/7 01SS 22/7 23/7 0199 26/7 27/7 RASIR GUDANG ,SINGAPORE (DT) *****<V*****1 (02)5344)042 ■TSKfseQA&ißwQU^r VESSEL VOV SPOKE JAKARTA DAS* ENAM 57 17/7 19/7 58 24/7
      126 words
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      Page 46 Advertisements Column 3
      537 46 CHARTPOINT Every Saturday in Business Times APPOINTMENT r<sniß*n The appointment is with an established Singapore office. The ideal candidate will have a Master's Certificate and will have had previous experience in all aspects of day-to-day ship operations in dry cargo sector. Considerable emphasis will be placed on communication skills and
      537 words