The Business Times, 17 July 1991

Microfilm: NL17606
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Wednesday, July 17, 1991 75*
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  • NEWS SUMMARY
    • Article
      Bank of England governor flies to Persian Gulf
      65 1 LONDON The governor of the Bank of England. Mr Robin Leigh-Pemberton, flew to the Gulf on Monday night, airport officials said yesterday. A spokesman for the central bank, when asked whether the trip was connected with a coordinated seizure of Bank of
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    • Article
      US confirms it will abandon Clark
      57 1 MANILA The US will definitely abandon its huge, volca-no-crippled Clark air base in the Philippines and is interested only in retaining Subic naval base, Manila said yesterday. "We have been advised that they are no longer interested in Clark, so we're only talking now
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    • Article
      E Germany beckons
      33 1 FINANCIAL incentives in the former East Germany have attracted the attention of Singapore investors seeking a presence in the unified Germany as well as the single European market Page 2
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    • Article
      Scare for investors
      42 1 THE PROBLEMS faced by the Charoen Pokphand Group in trying to retain a US$6 billion (SS 10.5 billion) phone line contract could make investors wary of putting their money into Thailand's infrastructure projects, says a consultancy firm Page 7
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    • Article
      Race for Viet oil deal
      24 1 JAPANESE trading houses are joining the rush to bid on construction of an oil refinery in Vietnam Page 7
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    • Article
      G-7 warning for Iraq
      42 1 G-7 LEADERS were scheduled to tell Iraq later yesterday to scrap its nuclear programme before returning to the main business of their annual summit how to help Soviet President Mikhail Gorbachev reform his country's ailing economy Page 9
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    • Article
      US deficit forecast up
      27 1 THE US government has inflated its 1992 deficit projections by almost 25 per cent to a staggering U*****.3 billion (SS6IO billion) Page 9
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    • Article
      Districentre planned
      31 1 GOVERNMENT-linked warehousing and transport operator CWT Distribution Pte Ltd is gearing up to start a new districentre in Jurong along with two regional shipping lines. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      36 1 WALL STREET stocks were firm in early trading yesterday. Blue chips attempted to mount an assault on 3000, but stalled about two points away. The Dow rose almost one to 2991 after hitting 2998.
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    • Article
      Footsie higher
      37 1 LONDON shares were higher at midday yesterday, inspired by a strong rally in the futures contract. At about 1115 GMT. the broad-based FTSE 100Share Index was up 24.9 points, or 0.98 per cent, at 2,557.
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    • Article
      Sime moves into waste
      27 1 SIME Singapore has acquired a local waste recycling firm to be its vehicle for expansion into the regional waste treatment market Page 3
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    • Article
      SAL surprise
      20 1 SAL INDUSTRIAL Leasing took the market by surprise yesterday with a subscription rate of 106 times Page 3
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    • Article
      Fletcher seals deal
      31 1 FLETCHER Challenge Ltd has concluded an agreement to buy a 90 per cent interest in Cape Horn Methanol of Chile for USS9O million (S$ 158 million) Page 4
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    • Article
      Founder loses fight
      25 1 THE FOUNDER of failed New Zealand investment company Equiticorp yesterday lost a legal bid to block bankruptcy proceedings against him. Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Tuesda> Change BT-MGA 702.77 -0.40 Kuala Lumpur ...595.28 +1.03 Tokyo 23.375.15 -83.89 Hongkong 3.997.67 +52.55 Sydney 1.541.2 +2.0 Monda> Change New York 2.990.61 +9.84 London 2,532.5 +35.1
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.7520 100 Yen SS 1.2788 MS SS 0.6296 Money market rates Overnight 2-1/2 -1-3/4 3-month 5-13/16% +1/16
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    • Article
      COMMODITIES
      37 1 London Gold AM fix USS368.50 -USS0.60 Rubber S'pore Aug 143.25'/kg -0.25 M'sia Aug 229.00*/kg -0.50 KL Tin Turnover 31 tonnes +6 Spot MS 15.39/kg -0.07 Crude palm oil Turnover 1,931 lots -482 Aug MS822 /tonne -3
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  • Article
    Tax policies for insurance firms under review
    447 1  -  Current tax liability formula said to be too simple By Magdalene Ng THE Inland Revenue Department is reviewing its tax policies for insurance companies, and may adopt within the year recommendations that have been made by the insurance industry. In the past year,
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  • Article, Illustration
    At least six months to stabilise Bentoel: advisers
    579 1  -  By Yang Razali Kassim CONSULTANTS to Indonesia's PT Bentoel, which is saddled with a massive debt problem arising from mismanagement, have given themselves no less than six months to stabilise the giant clove-cigarette maker. The Business Advisory Group (BAG), an international team
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  • Article
    Manny Hanny and Chemical's S'pore branches merging in '92
    340 1  -  By Quak Hiang Whai THE Singapore offshore branches of Chemical Bank and Manufacturers Hanover Corp will merge early next year after their New Yorkbased parent banks merge late this year. The merger agreement, expected to be completed by the end of
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  • Article
    Lock icon Support for Gorbachev, strong words for Iraq
    427 1 Group of Seven Economic Summit Reuter LONDON Group of Seven leaders vowed support yesterday for Mikhail Gorbachev's bid to reform the Soviet Union and opened tough initiatives to deal with another global powder keg the Middle East. As Mr Gorbachev prepared to make
    Reuter  -  427 words
  • Article
    Lock icon TSE finds no proof of manipulation by Nomura
    130 1 Reuter TOKYO The Tokyo Stock Exchange (TSE) has found no proof that Nomura Securities Co Ltd manipulated the price of shares in railway firm Tokyu Corp, TSE chairman Minoru Nagaoka told a news conference here yesterday. "In our investigation of two years
    Reuter  -  130 words
  • Article
    Lock icon Mahathir pledges action on insider trading
    189 1 Reuter SHAH ALAM, Malaysia The government will take action against anyone guilty of insider trading, Malaysian Prime Minister Datuk Seri Dr Mahathir Mohamad said yesterday. "In such cases there is no such thing as important people only those who have done wrong and those
    Reuter  -  189 words
  • Article
    M$ at new low against S$
    109 1 THE Malaysian ringgit fell to an all-time low against the Singapore dollar yesterday, closing at 62.92 Singapore cents. Its previous historical low was 63 Singapore cents, recorded in November last year. Two weeks ago. the ringgit also fell to a record low against the
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      227 1 Typewriters Fax Machines Laser Printers Electronic Lettering systems can 743 8000 for further details Aircraft Schedule 25 Money Changer Rates 25 Weather 25 Commodities 24 Money Market 23 World News 9 C/yptic Crossword 25 Regional Co News 4 Editorial 10 Regional News 7 For market indices, editorial. Financial News 6
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      Page 1 Advertisements Column 2
      3 1 Focus, Pg 11
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    • Advertisement
      Page 1 Advertisements Column 3
      72 1 1,. I FANTASY WATERSHEDS 6$ to BaS Showroom: 15 Enooor Sir—l *01-03 RoaJty Cfitre Singapore 0207 T«l: *****56 Fn*****54 More reports, Pg 9 Back Page Proton ready to be listed on KLSE by year end, Back Pg London Business School: The Singapore connection, Pg 10 mm* 'X <i tMVNY wal
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Fire breaks out at Mobil refinery
        107 2 FIRE broke out early yesterday morning at Mobil's refinery in Jurong, the second time in three days that the oil company's facilities have been seared. One technician, who was with three others at the scene when the fire started, died ot burns. A Mobil
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      • Article
        Medals for SAF team
        74 2 THE members of the Operation Nightingale team were presented with the SAF Overseas Medal yesterday. At the presentation at Temasek Club, Defence Minister Dr Yeo Ning Hong commended the men as well as their families for their contributions to the international community. The 30 men in
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      • Article
        Trade with Ontario
        119 2 SINGAPORE'S trade with the Canadian state of Ontario stood at Ss6oo million last year for manufactured goods and commodities. But the growing service sector is worth a good look as it now makes up two-thirds of the state's total output. Now, about 70 per cent of the
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    • Article
      Swiss firm wins customers' accolades
      177 2 A SWISS firm, which started operations here last year to tap opportunities in the Far East, has again been voted one of the world's 10 best semiconductor equipment companies. This is the second consecutive time European Semiconductor Equipment Corporation (ESEC) has won customers' accolades in
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    • Article
      Investors attracted by incentives in former East Germany
      280 2  -  By Schutz Lee FINANCIAL incentives in the former East Germany have attracted the attention of Singapore investors seeking a presence in the unified Germany as well as the single European Common Market. Dr Gunter Gruber, deputy ambassador at the German Embassy, knows
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    • Article, Illustration
      Pet Computer setting up joint venture in Germany
      238 2 THE unified German market and its relatively late conversion to the use of personal computers that are IBM compatibles are reasons enough for Pet Computer Services to set up a joint venture in Germany next month. The local manufacturer of the Sherry
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    • Article
      Some bumps along the road for NTUC Comfort
      284 2 SINGAPORE'S taxi business has recovered from the debilitating effects of the Gulf War but continues to face the uncertainty of fluctuating statutory costs, said NTUC Comfort chairman Dr Wan Soon Bee. Dr Wan, who said this in his latest annual statement, was
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    • Article
      Court rules foreign firms can protect trade marks in Singapore
      324 2  -  By Salil Tripathi IN A RULING that expands the rights of international trade mark holders in Singapore, Judicial Commissioner M P H Rubin of the High Court of Singapore ruled last month that foreign businesses which have substantial dealings here
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    • Article
      Hakuei seeks lawyers' advice on loss of site, $21m forfeit
      255 2 HAKUEI CO Ltd, the Japanese group which has seen its Merchant Road hotel project go up in smoke, has sought the advice of its lawyers on its loss of the site and the $21 million forfeited to the Urban Redevelopment
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      San Teh balloting ratios favour retail investors
      332 3  -  By Claire Leow IT WAS a good day for the retail investors who had applied for San Teh Ltd's stock. Balloting ratios gave 35.9 per cent to those with nine 1,000-share lots or less. Two out of three who subscribed for one lot
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    • Article
      Sime and Sisir unit buy waste recycling firm
      398 3  -  Sime eyeing regional waste treatment market By Genevieve Cua SIME Singapore has acquired a local waste recycling firm Technochem Manufacturers, which will be its vehicle for expansion into the regional waste treatment market. Sime plans to inject between $10 million and $15
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    • Article
      Genting embarks on expansion with a solid balance sheet
      594 3  -  MARKET TALK No need to spend cash hoard or indulge in paper shuffling By William Chia THE Genting-Resort World group, which was recently voted the best managed company in Malaysia by Hong-kong-based Asiamoney, does not need to spend its huge cash
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    • Article
      Big bucks in environment services
      330 3 THE ENVIRONMENT spells big regional business, but local companies that venture into it may have to contend with losses in the first couple of years. This is the view of Dr Steve Lai, director of the Singapore Institute of Standards and Industrial Research's (Sisir) materials
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    • Article
      SAL 105 times oversubscribed
      263 3  -  By Chew Eng Han SAL Industrial Leasing took the market by surprise yesterday with a subscription rate of 106 times. This compares with a subscription rate of 48 times for CSA Holdings and 16 times for San Teh. A director from lead underwriter Schroder International Merchant
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    • Article
      SAe clinches US$50m overseas defence contract
      242 3 SINGAPORE Aerospace (SAe) has clinched a US$5O million contract to provide engineering, structural upgrade and overhaul work on a fleet of aircraft. In a brief statement yesterday, SAe said that the contract was for an overseas customer. When contacted, a company spokesman would only
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    • COMPANY BRIEFS
      • Article
        Hotel Royal issues shares to bumi firm
        86 3 HOTEL ROYAL Limited said two of its Malaysian companies, Sebatik Plantations Sdn Bhd and Mujur Estate Sdn Bhd, have each allotted 110,000 shares of Msl each in their capital to Libros Sdn Bhd, a bumiputra-controlled company. As a result, the total issued capital
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      • Article
        Marco Polo ups Everbilt stake
        50 3 Hotel Marco Polo Ltd has increased its stake in its subsidiary Everbilt Developers Pte Ltd from two to 160,000 ordinary shares of $1 each. Hotel Marco Polo's board of directors announced yesterday. The authorised capital of Everbilt was also increased to 160,000 shares of $1.
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      • Article
        Polytek director raises stake
        34 3 SZE CHIN CHIU, a director of Polytek Wearnes Holdings Ltd, disclosed that he has bought 29,000 shares in the company for $22,845. His aggregate holding has increased to 344,000 shares.
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      • Article
        Change in Setron board
        25 3 SETRON has appointed Kamarudin Bin Jaflfar as director, effective July 16. Mustafa Mohd Junit has resigned as director, effective that day.
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      • Article
        Ahmad Sebi not linked to Dainichi
        88 3 DATO AHMAD Sebi Abu Bakar, Batu Lintang's director and executive chairman, has written in to clarify that he is in no way linked to Dainichi Global Trading. BT had, on July 15, in the Hock Lock Siew column on the Setron boardroom tussle, reported
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      • Article
        Corrections and clarifications
        59 3 IN BTs report yesterday on Singapore Electronic and Engineering's public offer, it was said that the forecast dividend yield was 2 per cent compared with 20 per cent last year. This should have read as "The forecast dividend yield was 2 per cent while last year the
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      265 3 Wi 11 you call me trom your hotel, darling? A k ANA HOTEL SINGAPORE „„t.„ I V I! I M 1... K. r.V 1.1 v W\l!M\ ><S l> I. M IE STRATEGIC km TICiMOIOGICAI The First 1861 Defence Conference 26-28 February 1992, Raffles City Convention Centre In conjunction with: SINGAPORE
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Hollinger joins group bid for Fairfax empire
        80 4 SYDNEY Canada's Hollinger Inc has joined a consortium with Australia's Consolidated Press Holdings Ltd and Hellman and Friedman Capital Partners of the US to bid for the John Fairfax newspaper group, currently in receivership. Broker Ord Minnett said yesterday that it would underwrite
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      • Article
        PAL sale postponed to October
        75 4 MANILA The sale of the state-owned Philippine Airlines (PAL) has been postponed to October to enable the government to fetch a good price. An airline spokesman said yesterday that PAL was to have been placed on the auction block next month, but it had been
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      • Article
        Indon firm fined for cutting trees
        66 4 JAKARTA Indonesia's Forestry Ministry has fined one of the country's biggest timber companies nearly US$6 million (SS 10.5 million) for cutting down trees in a protected jungle and a neighbouring forestry concession. PT Barito Pacific Lumber had felled trees in a protected forest in
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      • Article
        Japan's Chino eyes China tie-up
        82 4 TOKYO Japan's Chino Corp is considering a plan to form a measuring instrument venture in China with Shanghaibased Da-Hua Instruments Factory. A company spokesman refused on Monday to comment on a report that the proposed venture would be capitalised at 200 million yen (552.6 million)
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      • Article
        Issue oversubscribed 19.4 times
        70 4 HONGKONG Hongkong-based Benelux International Ltd's public offer of 56.25 million new shares was 19.4 times subscribed, the company said yesterday. The group, which designs, manufactures and trades precision engineered data storage products, said 7,061 valid applications were received for a total 980 million shares. The new
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      • Article
        Plane lease plan for Polish firm
        68 4 TOKYO Japanese trading firm Nichimen Corp, Banque Nationale de Paris and Credit National, both of France, will jointly lease passenger planes to Polskie Line Lotnicze of Poland. A Nichimen spokesman said yesterday that his company and the banks would jointly buy eight 70-seater planes
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    • Article
      Lock icon Brierley to sell Southern Petroleum stake for US$52m
      282 4 Reuter WELLINGTON Brierley Investments Ltd (BIL) has agreed to sell its controlling stake in Southern Petroleum NL to Petroleum Corp of New Zealand Ltd, a wholly owned unit of Fletcher Challenge Ltd, for U5552.2 million (5591.4 million). The deal is for 71.5
      Reuter  -  282 words
    • Article
      Lock icon Fletcher to buy 90pc of Cape Horn Methanol
      632 4 NZ group to pay USs9om for purchase Reuter WELLINGTON Fletcher Challenge Ltd has concluded an agreement to buy a 90 per cent interest in Cape Horn Methanol of Chile from Henley Group Inc for US$9O million (S$ 158 million), which will make
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    • Article
      Lock icon Corporate bankruptcies in Japan soar
      298 4 AP TOKYO Corporate bankruptcies soared 60 per cent in the first half of the year as real estate firms succumbed to a credit squeeze aimed at squelching inflationary speculation, a private credit research agency reported. Teikoku Data Bank said on Monday that business failures from
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    • Article
      Lock icon Japanese banks' loans to real estate almost triple
      223 4 Reuter TOKYO Japanese bank lending to real estate firms nearly tripled in the property boom of the late 1980s, helping to fuel the rise in prices, a new survey shows. Outstanding loans of 98 Japanese banks listed on the Tokyo Stock Exchange
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    • Article
      Thai Petrochemical eyes 4 countries
      200 4 BANGKOK Eyeing further overseas expansion, the giant petrochemical manufacturer Thai Petrochemical Industry Co (TPI) is studying the potential of new ventures in the United States, Vietnam, Pakistan and the Philippines, The Nation reported. According to Prachai Leophairatana, TPI chief executive officer, the company is looking
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      Page 4 Advertisements Column 1
      15 4 Are the uncertainties of new overseas markets preventing vou from breaking new ground? 1 ul-
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      Page 4 Advertisements Column 2
      246 4 0 DBSBANK THE DEVELOPMENT BANK OF SINGAPORE LTD (Incorporated in the Republic of Singapore) ANNOUNCEMENT RIGHTS ISSUE OF 47,420,192 NEW SHARES OF Ssl 00 EACH ("RIGHTS SHARES") ON THE BASIS OF ONE (1) NEW SHARE FOR EVERY TEN (10) SHARES OF SSI 00 EACH HELD BY SHAREHOLDERS OF THE DEVELOPMENT
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Kodak to pay Polaroid US$925m in patents case
      438 5 Settlement ends 15-year court battle over instant photography AP ENDING a landmark, 15year court battle, Polaroid Corp said on Monday it will receive US$925 million (S$ 1.62 billion) to settle a case in which Eastman Kodak Co was found to have infringed
      AP  -  438 words
    • Article, Illustration
      Lock icon Credit Lyonnais to help ailing steelmaker
      311 5 AFP PARIS The French government has authorised the state-owned Credit Lyonnais bank to provide 2.5 billion French francs (Ss72B million) of fresh capital to the troubled state-owned UsinorSacilor steel group in return for 20 per cent of the equity. Under the three-way arrangement, the
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    • Article
      Lock icon Cable buys Motorola's 40pc MPC stake
      177 5 Reuter CABLE and Wireless pic said it has bought Motorola Inc's 40 per cent stake in Mercury Personal Communications Ltd (MPC) for an undisclosed sum. MPC, a subsidiary of Cable Wireless, holds one of three UK licences to operate a Personal Communications Network (PCN).
      Reuter  -  177 words
    • Article
      Lock icon Sumitomo Metal to buy 10pc of ailing LTV Corp
      244 5 AFP TOKYO Japan's Sumitomo Metal Industries Ltd said on Monday that it planned to invest US$2OO million (***** million) in LTV Corp of the United States, giving it a 10 per cent stake in the parent of troubled steelmaker LTV Steel
      AFP  -  244 words
    • Article
      Lock icon Shell, Total plan joint exploration venture in Thailand
      222 5 AFP BANGKOK Shell and Total, the Anglo-Dutch and French oil firms, have agreed to enter into a joint venture for oil and gas exploration in north-eastern Thailand, a Shell spokeswoman said here. The spokeswoman of the Thai Shell Exploration and Production Co
      AFP  -  222 words
    • COMPANY BRIEFS
      • Article
        France leads buyout of German tools dealer
        84 5 BERLIN An international consortium led by Cie Financier de Paribas of France has taken over an east German wholesaler of builders' tools, the government Treuhand privatisation agency said. It said Maschinenbau-und Technikhandel AG (MBH) in Berlin was acquired by BUE-Holding GmbH, a consortium
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      • Article
        NCR sees lower profits
        63 5 DAYTON, Ohio NCR Corp said it does not expect its earnings per share and revenues for 1991 to match the record levels the company posted in 1990. "The continued US recession, together with the weakening business environment in Europe, were major contributors to our disappointing order
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      • Article
        Italian firms close to accord
        75 5 MILAN The Gardini and Ferruzzi families are close to an accord over the sale by the Gardinis of their 23 per cent stake in Serafino Ferruzzi Sri, which controls agroindustrial group Ferruzzi Finanziaria SpA. A Ferruzzi spokesman said the talks are proceeding well and an
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      • Article
        Why Soviet oil deal delayed
        60 5 LONDON Soviet authorities and Chevron Corp will overcome difficulties and secure a deal to develop the vast Tenghiz oil field in the Caspian Sea. First Deputy Prime Minister Vladimir Shcherbakov told a news briefing on the first day of the G-7 economic summit that technical
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      • Article
        Siemens unit denies report
        106 5 MUNICH Siemens Nixdorf Informationssysteme AG (SNI) has denied and termed speculative a press report that it would make a loss of more than 500 million marks in the current year ending Sept 30. A spokesman at SNI, a unit of Siemens AG, said it was not
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      • Article
        JWP amends Businessland tender
        87 5 PURCHASE, New York JWP INC said it has amended its agreement to acquire Businessland Inc, reducing the price at which it is tendering for up to 17 million Businessland common shares to US$l each from US$l.3O and raising the price at which it is tendering for
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  • Page 5 Advertisements
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      304 5 WHEN 31 July 1991 2 00pm 5 00pm WHERE Rouge Et Noir Ballroom, Equatorial Hotel HOW MUCH $60 (members) $70 (non-members) (includes the GDAP guide which is retailed at $19 and tea break) WHAT ARE THE TOPICS TO BE COVERED Overview of Government Development Assistance Programmes for local enterprises How
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      Page 5 Advertisements Column 2
      60 5 A warm welcome at Shangri-La Hotel in Penang. A meeting of the minds should always begin gracefully. S Shangri La hotel PINANaMALAYSIA A SHANK*I LA INTERNATIONAL HOTEL SHANC.RI LA HOTEI MAGAZINE ROAD l(HOO PENANG. MALAYSIA TFL 60 4 622 622 TELEX ***** SHNCPC MA FAX 60 526 For reservations and
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        US banks' profits down 10.1pc in first quarter
        108 6 AUSTIN, Texas US banks' total profits were down about 10.1 per cent in the first quarter to US$5.3 billion, according to Alex SheshunotT and Co, a bank consulting firm. The firm said that of the nation's 12,323 banks, 89 per cent were
        108 words
      • Article
        German firm to buy Greek insurer
        148 6 AACHEN, Germany Holding company Aachener und Muenchener Beteiligungs-AG (AMB) said it was about to finalise the acquisition of a Greek mixed insurance firm and the foundation of a life insurance company in the country. Management board chairman Wolf-Dieter Baumgartl, speaking at the annual shareholders'
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      • Article
        Foreign banks' income halved
        105 6 TORONTO Net income for Canada's 55 foreign banks fell by nearly half to Cs76 million in the six months ended April 30, from Cslsl million in the same period the year before, a report by the accounting firm Price Waterhouse said. A major contributor was an
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      • Article
        Great Western's earnings steady
        114 6 C 7 V BEVERLY HILLS, California Great Western Financial Corp said it reported a second quarter net income of US$BO.2 million, or 60 cents per share, roughly even with the US$7B.2 million, or 60 cents per share for the 1990 quarter. Chairman and chief executive officer
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      • Article
        French firm buys into Irish Life
        109 6 PARIS French state-controlled assurance company Ste Centrale des Assurances Generales de France (AGF) said it was to buy five per cent of the capital of Irish Life Assurance pic, for 215 million francs. AGF said this was part of the partial privatisation of Irish
        109 words
    • Article
      Lock icon NZ's Equiticorp founder loses fight against bankruptcy
      443 6 AFP WELLINGTON Allan Hawkins, founder of failed New Zealand investment company Equiticorp, lost a legal bid here yesterday to block bankruptcy proceedings against him. The court of appeal refused to suspend a judgment in favour of ANZ Banking Group Ltd for NZ$5 million
      AFP  -  443 words
    • Article, Illustration
      Lock icon Nomura dealer accused of swindling investors
      423 6 AP TOKYO Adding yet another embarrassment to a series of scandals involving the world's top brokerage, a Nomura Securities dealer has disappeared after allegedly swindling investors of several hundred million yen, the company said yesterday. Nomura spokesman Michio Katsumata said yesterday that Noboru Haniuda,
      AP  -  423 words
    • Article
      Lock icon Closure benefits foreign-owned banks
      525 6 The BCCI crisis Reuter DUBAI The closure of BCCI Holding SA's main banking operations by world central banks amid allegations of massive fraud is frightening many Gulf depositors into switching funds away from local banks to for-eign-owned banks. Bankers said on Monday that confidence has been
      Reuter  -  525 words
    • Article
      Lock icon Mutual Benefit Life seeks New Jersey state's protection
      371 6 NYT NEW YORK Directors of Mutual Benefit Life Insurance Co voted on Monday to place the giant insurer under the custodianship of the State of New Jersey. The move, which had been expected after details of the insurer's troubles emerged last week,
      NYT  -  371 words
    • Article
      Ng Siew Mun quits 2 top posts in CSFB
      269 6  -  By Magdalene Ng BANKER Ng Siew Mun has resigned as managing director and chief executive officer of CS First Boston (Singapore) after six years with the merchant bank to devote more time to her family. Her resignation took effect from July
      269 words
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      Page 6 Advertisements Column 1
      322 6 SAN TEH LTD (Incorporated in the Republic of Singapore) INVITATION IN RESPECT OF 25,200,000 NEW SHARES OF $0.20 EACH AT $0.61 PER NEW SHARE PAYABLE IN FULL ON APPLICATION The Board of Directors of San Teh Ltd is pleased to announce that at the close of the Application List at
      322 words
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      Page 6 Advertisements Column 2
      377 6 Professional Nominee, Full Accounting and Administration Services available at reasonable cost. Ready made Companies availabl USS BAHAMAS 900 8.V.1 950 COOK ISLANDS 1600 DELAWARE 295 GIBRALTAR 500 HONG KONG 225 IRELAND 400 ISLE OF MAN 450 JERSEY 900 LIBERIA 1050 MADEIRA 3750 PANAMA 800 U.K. LTD 240 WESTERN SAMOA 750
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  • THE REGION
    • Article
      Thai telecom deal making investors wary: Perc report
      388 7  -  Charoen Pokphand's woes giving them the jitters By Dexter Lee SINGAPORE The problems faced by the Charoen Pokphand Group in trying to retain a US$6 billion phone line contract could make investors wary of putting their money into Thailand's infrastructure projects, says
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    • Article
      Thai GDP likely to rise 3-fold by year 2000
      516 7 BANGKOK Thailand's gross domestic product is expected to rise three-fold by the year 2000 to six trillion baht (Ss4oB billion), according to a forecast by the Industrial Finance Corp of Thailand (IFCT). Per capita income was expected to increase from 37,000
      516 words
    • Article
      Lock icon Jakarta to raise power generation capacities
      223 7 Antara JAKARTA The government plans to increase the country's power generation capacities by about 11,000 megawatts (MW) during the Sixth Five-Year Development Plan (Repelita VI) period to start in April, 1994, in anticipation of the sharply rising demand for electricity. The Minister of Mines
      Antara  -  223 words
    • Article
      Lock icon Indon textiles hurt by higher electricity tariffs
      156 7 Jakarta Post JAKARTA The rise in the electricity tariff and fuel prices will severely hurt Indonesian textile exports, says Aminuddin, the chairman of the Association of Indonesian Spinners (Sekbertal). Aminuddin said yesterday that the competitiveness of Indonesian textile products, which were now facing
      Jakarta Post  -  156 words
    • Article, Illustration
      Greenpeace demo against factory
      62 7 WYONG, Australia Greenpeace activists erect a giant pesticide spray can yesterday outside the local council, 100 km north of Sydney, in protest at the development of a nearby pesticide factory owned by Bayer AG of Germany. The environmental group says the plant is illegal but Bayer
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    • Article
      Lock icon S Korean businessmen seek ventures in region
      188 7 Bernama KUALA LUMPUR Thirteen businessmen from South Korea's Association of Machinery Industry arc touring the Philippines, Malaysia and Indonesia, hoping to set up 90 joint ventures with total investment of US$45O million (***** million). Mission leader Hwang Tae-chung told reporters on Monday that
      Bernama  -  188 words
    • Article
      Lock icon Japanese companies scramble for Viet oil refinery deal
      271 7 Reuter TOKYO Japanese trading houses are joining the rush to bid on construction of an oil refinery in Vietnam. Most recently, Tomen Corp had expressed interest in building the refinery in the southern part of Ho Chi Minh City, a company spokesman
      Reuter  -  271 words
    • NOTE BOOK
      • Article
        Taiwan to invest S$9b in telecom networks
        93 7 TAIPEI Taiwan will invest NTS 140 billion (SS9.I billion) to build advanced telecommunication networks as part of its efforts to make the island a regional financial centre. The Commercial Times reported yesterday that the Communications Ministry had worked out blueprints to set up
        93 words
      • Article
        Thai plan for satellite network
        80 7 BANGKOK Thai viewers will soon be able to watch US and European television shows around the clock if plans to ease broadcasting restrictions win government approval. Deputy Prime Minister General Pow Sarasin, who also heads the television and radio broadcasting regulatory body, wants the Cabinet
        80 words
      • Article
        New Zealand's GNP down
        83 7 WELLINGTON New Zealand's gross domestic product fell 1.9 per cent in the March 1991 quarter, the country's Statistics Department said yesterday. It was the largest quarterly drop since the December 1986 quarter when it fell 3.6 per cent following the introduction of a 10 per cent
        83 words
      • Article
        NZ hits out at French N-testing
        91 7 WELLINGTON New Zealand yesterday joined Australia in strongly criticising French nuclear bomb testing in the South Pacific at the end of France's latest series of six underground blasts at Mururoa Atoll. "We are sick and tired of French nuclear tests," New Zealand Foreign Affairs
        91 words
      • Article
        November date for SNC
        85 7 TOKYO The headquarters of Cambodia's Supreme National Council is likely to be established in Phnom Penh in November. Chia Sim, the visiting chairman of Phnom Penh's National Assembly, told the Kyodo News Agency yesterday that he expected "a major advance" at a meeting of the council
        85 words
      • Article
        Manila bank gets ADB loan
        61 7 MANILA The Asian Development Bank yesterday approved a US$lOO million (Ssl7s million) loan to the government Development Bank of the Philippines to provide credit to small and medium-scale industries. The ADB said the loan, to be guaranteed by the Philippine government, would be relent to
        61 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      61 7 Now 7times a week. Nonstop to Frankfurt, Europe, the World. Lufthansa Reservations: 737 9222 I s Asian Business Consultants Pte Ltd Is RECRUITMENT a time consuming issue or a continuing burden? We might be able to provide you with an ongoing and tailor-made assistance. call Jessie Quek at 227 0502
      61 words
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      Page 7 Advertisements Column 2
      126 7 in character needs constant refining. Although we pride ourselves on our old world grandeur, we do realise that for some things in life, time does not stand still. Like the decor of our guest rooms, for instance. But this is all because we want our beautifully created interiors to remain
      126 words
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      578 8 IT'S A BIRD. THE WORLD'S LIGHTEST mEBOW^N^^ WEIGHS A MERE 2-6K6. FEATHERW£I6HT!\ IT'S A PLANE. Mv.;.;.v.v.VvXv;v!\^JiH^<\% .;.v.v.Vv;v;A M!v!'x'!*!v!"ivi^^M^B^iv'xv;';';X'!"!'!*'/iv"®• V MVPRH m «^r KqS A Hm HRSS9 KBBSB9 A BSgggS M 0 WRmH KRxxftfiSft99ftftw Sfl M Kxvwfl Krafflv vX► wMZma m gKKranftftftftftffi 9 K«sfl «J9r *^J VOSS M w H AmW
      578 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Warning to Iraq to scrap nuclear programme
      484 9 Group of Seven Eeonomic Summit Reuter LONDON Leaders of the Group of Seven were scheduled to tell Iraq later yesterday to scrap its nuclear programme before returning to the main business of their annual summit how to help Soviet President Mikhail Gorbachev reform
      Reuter  -  484 words
    • Article
      Lock icon Gorbachev reform proposals fall short of Western expectations
      237 9 NYT LONDON In a letter he sent to the Group of Seven leaders before meeting them today, Soviet President Mikhail Gorbachev makes vague reform proposals that fall short of the detailed, far-reaching plan that Western leaders are seeking as a condition for
      NYT  -  237 words
    • Article
      Lock icon US, UK warn of perils of breakdown in Gatt talks
      237 9 UPI LONDON The US and British governments warned on Monday of the dangers of a breakdown in negotiations on the General Agreement on Tariffs and Trade (Gatt) and said leaders of the world's richest nations must overcome "significant differences" to
      UPI  -  237 words
    • Article
      Lock icon US raises 1992 deficit estimate to US$348b
      309 9 UPI WASHINGTON The Bush administration on Monday inflated its 1992 deficit projections by almost 25 per cent to a staggering U*****.3 billion (SS6IO billion) the equivalent of more than one-tenth the entire outstanding national debt of US$3.5 trillion. The Office of Management and
      UPI  -  309 words
    • Article
      Lock icon US business inventories in fourth straight fall
      148 9 AP WASHINGTON US business inventories shrank 0.5 per cent in May, the government said on Monday. It was the fourth straight decline and, analysts said, a signal that production could pick up as soon as demand increases. The US Commerce Department report also
      AP  -  148 words
    • WORLD WATCH
      • Article
        G-7 ministers agree to monitor Soviet reforms
        84 9 LONDON Finance ministers of the Group of Seven (G-7) nations have agreed to set up a system to monitor Soviet economic reform programmes. Japanese officials said on Monday that the ministers also agreed to meet Soviet financial officials today to hear explanations about
        84 words
      • Article
        Kohl woos Japanese investors
        76 9 LONDON German Chancellor Helmut Kohl has called on Japanese companies to boost investment in eastern Germany. "If I were a Japanese businessman, I would immediately decide to invest there," he was quoted as telling Japanese Premier Toshiki Kaifu on Monday. Both met for an hour for
        76 words
      • Article
        Credit squeeze to hurt India
        68 9 BOMBAY India's industrial growth rate during fiscal 1991/92 (April/March) will fall because of a squeeze on credit and the high cost of money, says Suresh Nadkarni, chairman of the Industrial Development Bank of India. Industrial output was likely to grow by 7 per cent during
        68 words
      • Article
        Israel-S Africa trade to soar
        61 9 JOHANNESBURG Trade between Israel and South Africa could treble to more than US$l billion (SS 1.75 billion) annually following Israel's decision on Sunday to lift sanctions. In a newspaper interview published on Monday, Israeli consul Jossi Peri said there was "fantastic" room for the improvement
        61 words
      • Article
        Venezuela reform lauded
        84 9 MERIDA, Venezuela The director of the World Bank has said Venezuela will become a First World nation if it continues on its current course of economic reform. "Venezuela is making strong and positive efforts to adapt to the changes in the new economic order, but even if
        84 words
      • Article
        Canadian credits for oil firm
        51 9 MEXICO CITY Canada's Export Development Corp has signed an agreement to extend US$5OO million (SsB7s million) in credits to help Mexico's government-owned petroleum company develop its oilfields. EDC executive president Robert Richardson and Francisco Rojas, president of Petroleos Mexicanos S A, signed the agreement on
        51 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      117 9 Now 7times a week. Nonstop to Frankfurt, Europe, the World. Lufthansa Reservations: 737 9222 The Adelphi No. 1 Coleman Street I I An address of iiillltt Office units ranging from 1,400 sq ft to 27,500 sq ft at attractive rentals. Ideal for medium and large companies as headquarters, regional centres
      117 words
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      Page 9 Advertisements Column 2
      19 9 -j Ka Iks J I CPrOMLNAt)K WISMA AtKIA PALAIS RkNAISSAM CORNERS ToKYU HaLJ-KYS SINGAPOHh DaIMAHU Ist-TAN WISMA S<X,n j
      19 words
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  • Article
    The urge to merge
    460 10 EDITORIAL TWO of America's mightiest banks. Chemical Bank and Manufacturers Hanover, dropped a bomb-shell on Monday by announcing the largest bank merger in American history. The combined bank, which will be christened Chemical Banking Corporation, will have assets of U*****.5 billion, making it the second largest
    460 words
  • WHAT THE OTHERS SAY
    • Article
      Helping the Chinese poor
      349 10 TO SAY that the idea of a "Chinese Mendaki" was inevitable is not to suggest that the merits and implications of such a move should not be thoroughly explored first. Given that recent self-help efforts among the Malays and Muslims have been very much in the
      349 words
    • Article
      Action plan for Muis
      85 10 THE GREATEST challenge facing the Singapore Islamic Religious Council (Muis) is how to meet the ever growing expectations of the Muslims with the limited resources that it has. For this, Muis has to work harder in involving the community in its projects. It also to attract
      85 words
    • Article
      Teaching Saddam again
      89 10 SADDAM HUSSEIN has not learnt a lesson from his defeat in the Gulf War. The signs are that he has the ability to produce nuclear weapons, and may already be doing so secretly. Saddam is rather cunning and the United Nations must not be fooled by his
      89 words
  • REGIONAL VIEWPOINTS
    • Article
      Don't get swayed by emotion
      197 10 THE SUMMIT MEETING of the Group of Seven industrial nations was originally called to tackle economic and political issues directly affecting member nations. But the three days of discussions now look sure to be overshadowed by the problems of Soviet President Mikhail Gorbachev. Mr Gorbachev
      197 words
    • Article
      Manila needs a new leader
      162 10 TALKS ON the future of American bases resume in Manila at a particularly bad time for the Philippine President, Mrs Cora/.on Aquino. The eruption of Mount Pinatubo has called into question the viability of the bases, but the disasters facing Mrs Aquino are not only
      162 words
    • Article
      Avoid another flash point
      163 10 BY HOSTING the second Conference on the South China Sea, which commences today in Bandung, the venue of the 1955 Afro-Asian Conference, Indonesia is embarking on a maritime diplomacy effort which hopefully will spark indigenous efforts to defuse the slowly ticking time bomb of conflicting claims
      163 words
  • Article, Illustration
    Aiming to do things for corporations
    841 10  -  Sharon Lau looks at the ambitious plans the London Business School has for Singapore and the region Sharon Lau Next year, the prestigious London Business School (LBS) will be holding management courses in Singapore as part of its drive to go international. To lay
    841 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      310 10 HOTEL MERIDIEN Now, a meeting package in Phuket that even your accountant would approve of. Imagine holding your next meeting against (he jj® .J A^^mb|h backdrop of the Andaman Sea. Imagine taking time out J from all the business talk to dive into our stunning pool. j[ Imagine a gentle
      310 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      60 10 DOONESBURY BY GARRY TRUDEAU UHATSMTH W. THAT SIMPIS. I rni c > TUF- TApf? "^1 THtSPZAtIFS TM6OIN6 SOUNPSUKB PUMP LOUP I S V?Y IN THE IAJtN~ TOPRJVB AWN RAINY MUZAK INTO I MUST KNOW A PCX/0, Ml KB 7 THS PRU6 Mi PROJECT THBSTF££J V SBftOUS PEHTIST. xg&s j U
      60 words
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  • FOCUS
    • Article, Illustration
      Lock icon Putting their strengths together
      1243 11 More US banks should merge, if the re-rating of bank stocks on Wall Street is anything to go by. Focus examines the stimulus provided by the merger of Chemical Banking Corp and Manufacturers Hanover Corp, announced on Monday Agencies The merger of Chemical Banking Corp and
      Agencies  -  1,243 words
    • Article
      Lock icon Earnings reports of major banks mixed
      411 11 NYT O N THE DAY that Chcmical Banking Corp and Manufacturers Hanover Corp announced their merger, some of the nation's largest money centre banks issued earnings reports reflecting the kinds of problems that are propelling banks to unite. Those reporting on Monday included Chemical,
      NYT  -  411 words
    • Article
      Lock icon Manny Hanny: a name for the history books
      336 11 NYT Manufacturers Hanover's name, like those of so many other financial giants over the years, is receding into history. One of the most recognisable of bank names in the country. "Manny Hanny," as it has long been familiarly known, is the product
      NYT  -  336 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      143 11 After a big success last year, mafc in Indonesia EXHIBITION AND TRADE FAIR is coming back WORLD TRADE CENTRE, SINGAPORE, 19-23 JULY, 1991 Now with a great range of Indonesian export potential products likes: textiles apparel, shoes bags, skin products, food beverages, building construction materials, wooden rattan furniture, gift items,
      143 words
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  • THE LAW PAGE
    • Article, Illustration
      When a car is of questionable merchantable quality
      538 12 David Gabriel discusses the case of the defective car A Singaporean bank executive whose new $70,000 European luxury car turned out to be a bit of a lemon is fighting out the issues with the Singapore agent. He bought the car in
      538 words
    • Article
      When new evidence can be produced in court
      400 12 CASE^ THE NIKKO MERCHANT BANK (SINGAPORE) LTD V SYAMSUL BACHRI AND SJAFRUDIN BACHRI C ourt of Appeal of the Republic of Singapore, Civil Appeal No. 17 of 1989 Justice Yong Fung How, Chief Justice and Justices I>ai Kew Chai and L P
      400 words
    • Article
      The law behind verbal agreements
      481 12 FONG HOLDINGS PRIVATE LIMITED V COMPUTER LIBRARY (S) PRIVATE LIMITED High Court of the Republic of Singapore, Suit N0.3636 of 1984 Justice Chan Sek Keong. TWO PARTIES came before the court, one claiming that a verbal contract had been made, and the other basically denying
      481 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      145 12 Tjll ]f IN BRUNEI, ONE HOTEL HAS THE BEST RESTAURANTS IN TOWN. There's more to a hotel than just rooms and suites. At Sheraton Utama, we ve gained quite a reputation for being able to cook up a storm too. Theres fine continental dining at the Heritage. And our new
      145 words
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      Page 12 Advertisements Column 2
      77 12 SA% Will the Lions roar t turn to a whimper? I Singapore is doing mm badly in the Semi- Pro League. It may lose its place Ol I in Division!. I I l*f The New Paper calls y J for ideas to save our Pride of Lions. Now is the
      77 words
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  • SPORTS
    • Article
      Lock icon Europeans find allies in the elements
      490 13 British Open AP SOUTHPORT, England Unsettled conditions and the Europeans who are familiar with them could break the American stranglehold on British Open titles at Royal Birkdale. "In these conditions, I think the Europeans have a better chance than the Americans," Jose Maria Olazabal
      AP  -  490 words
    • Article
      Lock icon LeMond getting stronger
      119 13 AP QUIMPER, France Greg LeMond gets stronger as his rivals weaken at the midpoint of the Tour De France. With Dutch rival Erik Breukink slowed by fever, LeMond looks likely to hold on to his advantage through Tuesday's 11th stage, from Quimper to St Herblain. It is
      AP  -  119 words
    • Article
      Lock icon Stewart laughs off bookies' hot tip
      312 13 AFP BIRKDALE, England US Open champion Payne Stewart laughed ofT talk on Monday that he will spearhead the American challenge in this week's British Open. Bookmakers and British media have tipped the Florida-based 34-year-old to be the leading US finisher in the £900,000 (552.55
      AFP  -  312 words
    • Article, Illustration
      Lock icon Seles comes out of seclusion
      359 13 AP MAHWAH, New Jersey Monica Seles, the Greta Garbo of tennis, ended her self-imposed silence and seclusion on Monday. In a statement issued by her Cleveland-based agent. International Management Group, Seles revealed that the celebrated injury which led to her withdrawal from Wimbledon last month
      AP  -  359 words
    • Article, Illustration
      Lock icon Morceli sets year's best time over 3,000 metres
      424 13 AFP NICE, France Nourredine Morceli of Algeria gave a new warning of what to expect at the world championships in Tokyo by winning the fastest 3,000-metre race of the year at the Nikaia Grand Prix meeting here on Monday. Said Aouita, the
      AFP  -  424 words
    • SIDE LINES
      • Article
        Watson refuses comment on Player's attack
        127 13 BIRKDALE, England American Tom Watson, the last winner of the British Open at Birkdale, has shrugged off an attack by Gary Player whom he once accused of cheating. In his autobiography To be the Best Player refers to an incident eight years ago during
        127 words
      • Article
        Pate to take on Agassi
        68 13 WASHINGTON David Pate advanced to a second-round match with top seed Andre Agassi, defeating Kenny Thorne 6-3, 4-6, 7-6 (7-1) in the US$6OO,OOO Sovran Bank Tennis Classic on Monday. The top eight seeds drew byes in the opening round. Agassi headed a group of five
        68 words
      • Article
        Zhuang does China proud
        93 13 SHEFFIELD, England China's Zhuang Zong. the world champion in the 50-metre freestyle, won the first gold medal of the 16th World University Games on Monday, taking the women's 100-metre freestyle in 56.28. China's Wang Xiaohong took the silver in 56.87 ahead of Canada's Andrea Nugent, the
        93 words
      • Article
        Record sum for clubs
        146 13 CHESTER, England An historic collection of golf clubs from the home of the sport in Scotland was auctioned on Monday for a record £627,000. Sotheby's said each of the 23 clubs was used by a champion of the British Open tournament between 1860 and 1930. They
        146 words
      • Article
        Gyms in bad state
        67 13 JOHANNESBURG A visiting World Boxing Council delegation has strongly criticised the state of South African gyms. The fact-finding team toured Johannesburg's black township of Soweto on Monday to see three gyms that have spawned the likes of Dingaan Thobela, the World Boxing Organisation lightweight champion. Its
        67 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      350 13 businesshmes TELEPHONE: 730-3771/5772/5773 FAX 734 4982 f OFFICIAL NOTICEj We, THIA SHIPPING PTK I.TI) of No. 1, Benol Road, Singapore 2262, hereby give notice that In consequence of changing of ship's name, we have applied to the Registrar of Singapore Ships, under Section 386 of The Merchant Shipping Act (Chapter
      350 words
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      Page 13 Advertisements Column 2
      85 13 HURRY! LIMITED STOCKS AViMLABLE FREE Genuine Motorola Hands-free car-kit worth $880 with FREE Installation ($140) Mg FREE Leather Pouch ($88) ||<£<e I FREE High-Gain Vehicular 9 Antenna ($79) p §te 1 v cn iottl >Bllf when you purchase our latest ultra-slim Motorola BCY from f Comit's Newest PpT Showroom at
      85 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      174 14 WHERE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE A "Heavenly" Feast Sumptuous Sichuan cuisine. Rich piping hot steamboat. Lunch: 11.30 a.m. t02.30p.m. Delicate Yangzhou Dianxin. Dinner: 6.30 p.m. to 1U.30p.m. K A MliMllKß Ol'Cl)l. lIOTKLS lavelock Road. Singapore 0316.Te1:*****l I I If
      174 words
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      Page 14 Advertisements Column 2
      304 14 im DIAN XIN 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 Itie Dian Xin you can enjoy for $16.80++ per person. Open daily from 11:30 am 2:3opm for lunch, and 6:3opm
      304 words
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      Page 14 Advertisements Column 3
      271 14 Have a swinging time at sing-song prices! Booking a karaoke room doesn't need to be a pricey affair at sensational Singsation Sing your heart out and make yourself a star tonight! Hourly charge from $25 onwards for a minimum 6 persons. Happy Hours: 50% discount on room PLAZA HOTEL rental.
      271 words
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      Page 14 Advertisements Column 4
      281 14 That s our prediction for you when you step into the Kasbah as ~a J live band* take you down memory lane with golden hits and evergreens Every night is nostalgia night. You'U be mesmerized. Voriirffy* 9pm —2am W WSW »„*,«<. *^4, Kanttkt swUry<to fnm 7 fm te tjm H
      281 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      722 14 TELEVISION AND RADIO l\[o CnriW QTICTpI 580,2 MO A Sn.tcl.ll Break I 8.00 BUSINESS ON B§P(0 v V'W J.OO MllCNNliitanutmulll.). 0.00 Nm at NhM. 0.35 KMalk Konn Oh Ronn BBC, 88 9 mHz in VHF Band II a v vh i 8.00 Close. 9.30 Monster Bunch The 9.10 Potret Kasih
      722 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon The new business duet
      966 15  -  Koger Coins on how a business trip with your significant other can help boost your professional standing Roger Collis NYT NEXT year, il you all do well, we'll go to Miami. So says the chairman of a British company at the annual sales conference. "And it
      NYT  -  966 words
    • Article
      Answering the call for a deeper shade of soul
      353 15  -  Michelle Low on a new junior college creative arts programme Michelle Low THIRTY bright-eyed and bushy-tailed sev-enteen-year-olds will endeavour, within these few months, to answer the call for a deeper shade of Singaporean soul. Eye on the World: a Writer's impulse,
      353 words
    • Article, Illustration
      Beatty expecting his first child
      562 15 CHATTERBOX WARREN BEATTY and Annette Bening are expecting a baby, the first child for both of them, early next year. Hollywood stars don't send announcements; they issue news releases, and this one was three lines long. "They've been very private about their personal lives," said
      562 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      286 15 AND ENTERTAIN There's No Beefing About It. From 1 July to 31 July 1991 Our U S prime rib of beef is as good as ever. An excellent dinner choice carved right at your table and served with braised onions, baked idaho potatoes and a crisp caesar salad. A prime
      286 words
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      Page 15 Advertisements Column 2
      62 15 <0 hAH Hotel <9 Wm Royal <9 at 4-411 9 forth® a g ®®®®QCX©(g)® in SingaporeOO<9<9<9<SoQ© i JSfe£Bßt^BsMßMßnßw^s£^Tg^^b' *f <&~" »V>t A- #>i Open Son to Thur and Public HoWavs 6pm 2am C Hj |/i Tj Fri. Sat and Eves of Public Holidays 6pm Bam I v y /y J
      62 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market remains lethargic despite HK's record close
      4783 16  -  By William Chia FOR THE second day running, share prices on the Singapore bourse closed generally lower yesterday on profittaking and lack of buying interest. However, the benchmark Straits Times Industrials Index closed 1.52 points higher at 1,465.36. helped by gains in some
      4,783 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3913 17 Main Board SPH Foreign 1290 +30 2.4% Cerebos 25* 270 +23 +-9.3% SI A Foreign 1940 20 +1.0% DBS 1200 +10 +0.8% Asia Pacific 1040 +10 1.0% p&N 790 10 +1.3% UOB Foreign 695 +10 +1.5% Semb Shipyard 650 +10 +1.6% Metro Hldgs 565 +10
    3,913 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      520 18 Company Date Year Group Nat Nat earnings Gross ann to profit/loss (L) par share dlvMand (000) (cents) H leong Fin Jul 12 Dec 90 136.762(134 858) 16 4(155a) 10(9 la) S Finance Jul 12 Dec 90 $11 913($6 324) 18 1(96) 10(7 5) <MC Htdgs lul 8 Mar
      520 words
    • Article
      PRELIMINARY RESULTS
      270 18 Company Date Year Group pro-tax Net earnings Gross ann to profit/loss (L) per share dividend (000) (cento) Johan Hldgs Jul 10 Jan 91 M$9 660l($6 498) Choc Products Jul 1 Mar 91 M$5.272($2.105s) 5 0(09) Faber Group Jul 1 Jan 91 M$33 426(S15.558L) 81(-) MCB Hldgs Jul 1
      270 words
    • Article
      INTERIM RESULTS
      204 18 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend (000) C Properties Jul 11 Jun 91 $5.029(S2 867) 20(20) Ganda Hldgs Jun 25 Mar 91 MJ554L (53.237L) Asia Pacific Jun 21 Mar 91 $59.214($48.108) 14 5(15 4) F&N Jun 21 Mar 91 $89 232($75.678) 9 2(9
      204 words
    • Article
      CORPORATE DEVELOPMENTS
      635 18 Mearnes Technology has appointed Pacificomp Pte Ltd as its new exclusive distributor for its Singapore and Malaysia markets San Teh Ltd was 15 times oversubscribed, pushing its market price to above 80 cents. Planmng approvals for two large residential proiects have been given to Lum Chang Holdings and
      635 words
    • Article
      DIVIDENDS ANNOUNCED
      720 18 Current Ex Books Date Total for Total for payment date dose payable the year last year Amcol 25c 10% M5 Jul 17 Jul 31 10% 10% AJ4FP NYA(e) Jun 19 Jul 4 Aug 15 NYA 2 8c Alei Wdgs 50c 61(b) Sep 4 Sep 16 Sep 30 6%
      720 words
    • Article
      RESULTS DUE
      613 18 Main Board Last Full Year Company Period Date Year Net EPS Gross Net announced erafcif (cents) 4* profit last year (1000) Cerebos Interim Apr 27 Jul 91 12 6 20 OTE(a) 38 911 Spore Land Interim May 4 Dec 91 126 100 14 641(g) SNP Interim Jul 26
      613 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      807 18 j 1 Price* as at 16.07.911 Conversion terms E»Pfry 1 1 (discount) Amount 0**""'" u Company Wrts Share Loan Conv E*er Lnstk Cash Cash Loan Gearing, Date Mths units) stock ratio price nom Sthj Len value S K IS Is 1 2» Srrr"" »2 2?uo 0!3S
      807 words
    • Article
      APPROVED ISSUES
      417 18 Company Rights Issue Mcam Ore-tor two MSI 00 per share Issue ot 40m Cumulative Redeemable Preference Shares (CRPS) ot MSO 10 each at MSI per share with 10m detachable TSR on the basis ot 1 CRPS with 1 TSR tor every 4 CRPS Ei-date Jun 7 Books close
      417 words
    • Article
      PROPOSED ISSUES
      492 18 Company Rights Issue AKance Tech One for one $100 per share Boftan Issue of $90 978m nominal amount of 35% Redeemable Unsecured Guaranteed Bonds 1991 96 with 45 489m detachable warrants on the basis of $2 nominal amount of Bonds for every three existing shares held Every $2
      492 words
    • Article
      BONDS, LOANS & WARRANTS
      878 18 BONDS, LOANS WARRANTS Company Conversion period Conversion term for out ordinary share Btmi Nt Before 30 6 94 1 warrant plus HKJ1 00 cash C4C Nt Before 26 4/93 1 warrant plus S3 09 cash Causeway Loan Causeway Nt 2 10 89 to 20/10/94 1 warrant plus SO 77 cash
      878 words
    • Article
      COMPANY MEETINGS
      194 18 CMB Packaging Singapore Ltd: EGM at Shangri La Hotel, Valley Room 1, Orange Grove Road. Singapore 1025 on Wednesday, July 17. at 10am. Hong Leong Credrt Bhd: EGM at The Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Tun H.S. Lee, ***** Kuala Lumpur on Wednesday, July
      194 words
    • Article
      RECORD HIGHS & LOWS
      173 18 RECORD HIGHS LOWS BT Composite Index ,3,6,9,, !2!S? SS 1991 1149 08 (16/1/91) Si 51 JS15 S 1990 1607 12 27/3/90) SSS? i!/ 90 1990 to *****0 < n/10/90) 22 El m m 2 12 1989 1487 76 (26/12/89) o?5 JS 1989 1030 69 (4/1/89) 22 Si 5/12 l9SS 1177
      173 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices ease in line with Tokyo's close
      4198 19 Bernama SHARE PRICES in Kuala Lumpur closed easier yesterday in quiet trading on lack of fresh leads but some buying interest was noted for quality stocks ahead of the close. The KLSE Composite Index added 1.03 points to 595.28 but the Industrial Index
      Bernama  -  4,198 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      634 19 BUSINESS TIMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 IN THE MATTES OP THE COMPANIES ACT, CAP. M AND IN THE MATTES OP SIN UAN SEAPOOD PTE LTD (la Yalaatary Liquidation) MEMBERS' VOLUNTARY WINDING UP At the Extraordinary Oeneral Meeting of the members of SIN LIAN SEAFOOD PTE LTD duly
      634 words
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      Page 19 Advertisements Column 2
      357 19 IN THE MATTE* OF THE COMPANIES ACT, CAP M AND IN THE MATTES OF JEM COMPANY (PTE) LTD (IN MEMBERS' VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN, in pursuant lo Section 308 of theCampaniei Act, Cap SO that the Final General Meeting of the membea of the abovenamed company will be
      357 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Return of Big Four fails to excite market
      2227 20 Reuter TOKYO STOCKS slumbered to a lower close after a day of narrow, featureless trade yesterday. Turnover picked up slightly with the Big Four brokers back in the market after four days of restricted business as punishment for compensating major clients and
      Reuter  -  2,227 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Market hits all-time high in active trading
      1979 20 UPI SHARE PRICES lurched sharply higher yesterday on the Hongkong Stock Exchange in active trading, shattering the market's former all-time high set four years ago. The Hang Seng index, which climbed 29.95 points on Monday, jumped another 52.55 points to close at 3,997.67.
      UPI  -  1,979 words
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  • REGIONAL STOCK MARKETS
    • Taipei shares fall as small investors sell
      • Article
        Untitled
        454 21 (low Previous July 16 AUSTRALIA All Ordinaries Index 1,541.2 1,539.2 f2.0 All Industrials Index 2,356.7 2,355.4 +1.3 All Resources Index 914.6 912.3 +2.3 Turnover (million) 87.3 111.7 -24.4 BANGKOK SET Index 677.44 677.83 -0.38 Turnover (million baht) 2,276 2,765 -489 JAKARTA Composite Index 324.13 325.52 -1.39 MANILA Composite Index 993.22
        454 words
      • Article
        AUSTRALIA
        903 21 THE AUSTRALIAN market drifted in listless trade yesterday, ending the day slightly higher after a lack of solid leads. Situation stocks provided the only highlights, with TNT hitting an all-time low of 73 cents. "There has been no major news to affect the market and investors are happy to
        903 words
      • Article
        BANGKOK
        730 21 BANGKOK share prices ended lower in weak trading yesterday with the Securities Exchange of Thailand (SET) Index closing at 677.44, down 0.38 points. "The market opened with finance sector dominating, causing the SET Index to rise seven points," said a broker from Mithai Europartners Finance and Securities Co, Ltd.
        730 words
      • Article
        JAKARTA
        651 21 IN JAKARTA Modern Photo made its debut on the market by dropping 100 rupiah, reflecting the continued downward tone of the market and brokers say they see no sign of any early recovery. "It's not really going to pick up till early next year," one foreign broker said. Semen
        651 words
      • Article
        MANILA
        518 21 PHILIPPINE shares closed mostly lower yesterday after initial gains on hopes for a new US bases treaty were slashed by late reaction to the dawn bombing of two banks in the capital, brokers said. Manila's Composite Index fell 0.69 point to end at 993.22. "Renewed fear of terror bombings
        518 words
      • Article
        TAIPEI
        516 21 TAIPEI share prices, hit by newspaper reports that South Korea might switch its recognition to China, extended their losses to close lower after small investors rushed to sell their stocks yesterday, brokers said. The Weighted Index fell 109.44 points or 2.1 per cent to close at 5,173.75 compared with
        516 words
      • Article
        SEOUL
        749 21 SEOUL share prices edged up in relatively active trading yesterday. The Composite Price Index gained 0.93 points to finish at 636.14. Declines outpaced advances 428 to 194 among the 750 issues that changed hands. Volume amounted to 16.574 million shares valued at 261.4 billion won. I Seoul Woo COO)
        749 words
      • Article
        NEW ZEALAND
        251 21 IN WELLINGTON, the share market closed lower yesterday as brokers and institutions repositioned their portfolios ahead of today's announcement of Telecom Corp's floating details. "There seemed to be a view in the market that the Telecom issue will be greater than at first thought," said John White of
        251 words
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  • WORLD STOCK MARKETS
    • Banking stocks surge on Wall Street
      • Article
        Untitled
        371 22 July 1$ Clo8« Previous NEW YORK Dow Jones 2,990 61 2,980 77 f 9 84 NYSF Financial 153.66 151.28 +2.38 SAP 500 382.39 380.25 2.14 Turnover (million) 161.8 174.8 -13.0 LONDON Financial Times 30 1,951.1 1,925.7 +25.4 FTSF. 100 2.532.5 2,497.4 +35.1 Turnover (million) 340.8 445.3 -104.5 AMSTER0AM CBS Tendency
        371 words
      • Article, Illustration
        NEW YORK
        1404 22 NEW YORK banking stocks moved sharply higher on Monday but the rest of the market edged ahead marginally. Trading continued to be fairly sluggish. While the Dow Jones Industrial Average rose 9.84 points, or 0.3 per cent, to 2,990.61, the proposed merger of Chemical Bank and Manufacturers Hanover
        1,404 words
      • Article, Illustration
        LONDON
        664 22 LONDON shares soared to record highs yesterday morning as the market's recent rally set off panic buying. "As the market started moving up again people got sucked into buying," said the head of equity sales at a UK brokerage. Dealers said fear of missing out on a major market
        664 words
      • Article
        AMSTERDAM
        313 22 DUTCH shares closed a little higher on Monday, having eked out an initial gain, in very thin trade, dealers said. The CBS General Tendency Index opened 0.2 firmer at 93.7 but closed at 93.6. The best gainer of the day was Royal Dutch, 3.00 up at 160.80 with dealers
        313 words
      • Article
        ZURICH
        256 22 SWISS shares closed firmer in quiet trading on Monday. Dealers said overall activity was light, as many players were on vacation and because the market lacked fresh factors. The all-share SPI Index closed 4.1 points higher at 1,121.4, while the SMI Index of leading shares was 7.4 points firmer
        256 words
      • Article
        FRANKFURT
        237 22 GERMAN shares drifted further into the summer doldrums on Monday, ending mixed in extremely light trade. The 30-share DAX Index closed 1.77 points higher at 1,646.53. "There is nothing happening," said one trader. "There is no room on the downside and investors are not ready to take prices higher.
        237 words
      • Article
        MILAN
        163 22 IN MILAN, a widely expected technical rally ahead of yesterday's end of the July account failed to materialise, as Italian shares closed lower in continuing thin trading conditions on Monday. "Nobody cares any more about this market unfortunately," one broker said. "Everyone seems to be thinking about the next
        163 words
      • Article
        PARIS
        168 22 PARIS stocks managed to end marginally higher on Monday after a session lacking any motivation. The CAC-40 blue chips index idled within a tight 14-point range to close 5.48 points or 0.31 per cent higher at 1,759.77 on a modest turnover of 1.2 billion francs' worth of shares. "People
        168 words
      • Article
        STOCKHOLM
        157 22 THE STOCKHOLM bourse closed little changed on Monday in slack holiday trade, where buying was concentrated on a few blue chip shares. The Bourse General Index closed 0.02 per cent up at 1,134.19 in low turnover of 184 million crowns. Blue chips rose 0.12 per cent. "If you look
        157 words
      • Article
        JOHANNESBURG
        373 22 JOHANNESBURG share prices staged a good recovery on Monday as a weaker financial rand and bargain hunting at the lows put a brake on the sharp twoday downward correction seen at the end of last week. The foreign investment currency retreated to 3.14/16 per dollar from Friday's 3.06/08 high
        373 words
      • Article
        TORONTO
        306 22 TORONTO stocks climbed slowly throughout the day to finish near session highs in quiet dealings on Monday. Analysts said the market lacked direction as players awaited news from the G7 summit about the global economy. "The market is still digesting news from the G7 as to what the direction
        306 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      56 22 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Lock icon Tokyo market quiet ahead of release of G-7 communique
      1196 23 REPORTS Reuter ASIA Tokyo: The US dollar closed little changed against the yen yesterday, but higher against the mark after fluctuating narrowly in quiet trade. Dealers here were reluctant to trade aggressively ahead of the economic communique of the London Group
      Reuter  -  1,196 words
    • Article, Illustration
      Lock icon Banks won't cut rates before NZ budget day
      505 23 Reuter AUCKLAND Banks will almost certainly wait until the New Zealand government's July 30 budget before delivering interest rate cuts, bankers polled by Reuters said. This is despite inflation falling to a 25-year low of 2.8 per cent in the year to
      Reuter  -  505 words
    • Article
      Lock icon Moscow planning exchange stabilisation fund
      288 23 AFP LONDON The Soviet Union is aiming to set up a US$lO billion to US$l2 billion (about S$ 17.5b-$2l b) exchange stabilisation fund to help make the rouble convertible. Soviet Deputy Premier and Economics Minister Vladimir Shcherbakov said on Monday. He told a news conference
      AFP  -  288 words
    • Article
      FINANCIAL FUTURES
      1069 23 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Sep 91 93.70 93.71 9369 93.70 5683 ***** 2393 Dec 91 93.13 93.15 93.12 93.14 2224 ***** 2949 Mar 92 93.08 93.09 9306 93.08 1108 ***** 667 Jun 92 92.68 92.69 92 67 92.69 155 1914 205 Sep
      1,069 words
    • Article
      INTERBANK FOREX RATES
      418 23 Cross rates jm y i& USS S$ MS Dm Yen SFr AS NZS USS 1.7510 2.7810 1.7965 137.05 0.6079 1.5545 1.2912 1.7730 SS 0.5711 1.5882 1.0260 0.7827 0.3472 0.8878 0.7374 1.0126 MS 0.3596 62.96 0.6460 0.4928 0.2186 0.5590 0 4643 0 6376 Dm 0.5566 0.9747 1 5480
      418 words
    • Article
      MONEY MARKET
      539 23 Interbank rates s$ Bid Offer Overnight 2 1/2 3 1-month 5 11/16 5 13/16 2-month 5 3/4 5 7/8 3-month 5 13/16 5 15/16 Overnight mode: 4 IS$ Bid Offer 7 days 5 15/16 6 1/16 1 month 5 15/16 6 1/16 2 months 5 15/16 6 1/16
      539 words
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  • COMMODITIES
    • Article
      Lock icon Indonesia wants bigger quota in new coffee pact
      281 24 Reuter JAKARTA Indonesia said any new international coffee agreement would have to give it a higher export quota. "A lot of producing countries are eager to come to the negotiating table to activate the ICO (International Coffee Organisation)," said the di-rector-general of
      Reuter  -  281 words
    • Article
      Lock icon Brazil told to honour its debt to coffee exporters
      366 24 Reuter BRASILIA The Brazilian government should honour in full a US$3OO million debt to coffee exporters who participated in a failed 1986 price support operation on the London market or risk damaging relations with its trading partners, the German Coffee Association
      Reuter  -  366 words
    • Article
      KL tin market softens on lower LME close
      845 24 REPORTS THE PRICE of tin retreated to close seven sen lower at M$ 15.39 per kg on the Kuala Lumpur Tin Market yesterday. Dealers said market sentiment was pressured by higher offerings in early trade due to the US$ 11 drop on
      845 words
  • Article
    PRICES
    1436 24 Rubber jui> 16 HAS (tit In >■!■«) S cents/kg Noon Close Int I RSS Prompt I42.25/I43.25N I42.25/143.25N Inl 1 RSS Aug 91 143.25/143.75 143.25/143.75 Int 1 RSS Sep I44.7V145.25 144.75/145.25 Int 2 RSS OP 141.50/143 50N 141 50/143 50N Int 3 RSS OP 140.00/142 .OON 140.00/142.00N Int 4 RSS
    1,436 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      279 24 BUSINESS TIMES TELEPHONE: 730-5771/5772/577] FAX; 734-4982 near PengerangFerry Point 1 Custom Check Point 40 min from I Changi Point by launch. Also proposed 200 room hotel/resort and chalet. Very close to Desaru Mega Golf Resort. Land area around 230 acres. Valuation and Feasibility Reports available. Also available land 1 acre
      279 words
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      Page 24 Advertisements Column 2
      103 24 METRO HOLDINGS LIMITED LOST SHARE CERTIFICATES Share Certificate No*. 1M174 to IMIB3 (inclusive) and IMIM tor 11 x 1.000 Shares registered in the name of HONGKONG SHANGHAI BANK (SINGAPORE) NOMINEES PRIVATE LIMITED have been reported lost together with relative signed transfer deeds Notice is hereby given that replacement share certificates
      103 words
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      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1012 25 Crty ran* ETA FUgfct ETD Abu MuM GA895 1235 GA974 0001 GA886 0010 AMaldt QF81 2000 QF82 2200 SQ227 2245 Amstardam GA895 1235 SQ24 2200 KL837 1255 KL838 2240 Attorn 0A471 0020 0A472 2240 SQ35 1710 Aurklmd NZ21 1820 NZ22 1930 SQ388 2030 gigirSui SQ181 1410
    1,012 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Going through a biker's high
      590 25  -  POSTCARD FROM THE FRENCH PYRENEES By Jonathan Hollins IT CAN never be said of the border between France and Spain that it was a mere cartographer's whim. No neat, straight lines. The Pyrenean massif is an indisputably tangible band of granite some 448 km long
      590 words
    • Article
      MONEY CHANGER RATES
      150 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.350 1.3700 Canadian dollar 1.S1S 1.54S NZ dollar 0.9770 1.0070 Sterling pound 2.870 2.9000 US dollar 1.7480 1.7580 dollars to 100 anits of foreign currency Austrian schilling 13.70 14.70 Belgian
      150 words
    • Article
      Newest Club Med opens in Ireland
      184 25 TRAVEL SLICES THE newest branch of Club Med and the first to highlight fishing has opened in south-western Ireland. Club Med-Wa-terville is on the Dingle Peninsula in the Ring of Kerry, County Kerry. It occupies the former Waterville Lake Hotel and sits atop a
      184 words
    • Article
      The curse on King Tut's tomb
      194 25 KING Tutankhamen's tomb, one of Egypt's top tourist attractions, and off-limits to visitors since November, will remain closed until antiquities officials decide how to mix the magic of King Tut's name with the reality of trying to keep his burial place intact. Officials say
      194 words
    • Article
      WORLD TRADE EXHIBITIONS
      93 25 Duration Title Venue Organiser Td Duration Title Venue Organiser Tel July 14-21 Exhibition On Buenos Aires USUARLA *****2855 Au IV Jewellery Buenos Aires. Rossi Heinlein *****1-9413 Equipment. International .Argentina Asociados SA Technology Exhibition Services for Aug 18-20 International Germany Mode Woche- *****1990 Informalic A Fashion Fair Munchen
      93 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      49 25 Geneva know when you'll need Finnair for Europe. Because Finnair flies twice-weekly from Singapore to Helsinki then on to over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish. Read CHARTPOINT, a guide to investing in the stock market. Every Saturday in Business Times.
      49 words
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      Page 25 Advertisements Column 2
      136 25 IV s k Pt ir% Wj V Mb V r.<\jflMni Scalpel...scissors...sutures... Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on nfWV K Essential information accessible every business day your money. hrough
      136 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      282 25 Subordinate gives support IH~~HI to tax H 8 A delicate morsel for high 3 9 Travel by an old-fashioned iHTTHr IH H HHf 11 Valedictory toast (7) 1 1 I I i 12 Getting Violet into trouble Lmh HH H H 13 To cosset the cat means littie to the
      282 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      199 25 Singapore Outlook: Showers over several areas in the afternoon. Report: Maximum temperature 33.3* C Assoc humidity 59% Minimum temperature 25.7* C Assoc humidity 83% Hours of sunshine 4.30 Rainfall in mm Trace Rainfall this month 22.5 Rainy days this month 3 World report Asia-Pacific Hi/Lo* Cond. Auckland 13/08 Cloudy Bangkok
      199 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      24 25 (re>t sr\c*s of PcflprroF.s J tmiRT/ cgwt rnd Fbu£ si dels of Beep P9'-^^9£p? LN T s Roo<S -S ill? 0469 CO. ITO.. &U3>-L_
      24 words
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  • Article
    Shinawatra set to bid for Thai 1m-line project
    525 26  -  Major role possible for S'pore Telecom From Michelle Rowe in BANGKOK THAI communications giant Shinawatra Computer Group yesterday confirmed its intention to bid for the kingdom's one-million-line provincial phone expansion concession if the Thai government's terms of reference make the project viable.
    525 words
  • Article
    Lock icon Fed has stopped nudging rates lower, says Greenspan
    294 26 AP WASHINGTON Federal Reserve Board Chairman Alan Greenspan said yesterday that central bank policymakers have stopped nudging interest rates lower for now and were wary of re-igniting inflation. "Monetary policy has adopted a posture of watchful waiting as economic indicators have pointed
    AP  -  294 words
  • Article
    Lock icon No decision on EAEG likely at Asean talks
    376 26 AFP JAKARTA An upcoming regional ministerial meeting in Kuala Lumpur is not expected to decide on Malaysia's proposal for a regional trading bloc, Indonesian Foreign Minister Ali Alatas said yesterday. Annual talks this week among foreign ministers of the Association of South-east
    AFP  -  376 words
  • Article, Illustration
    Conditional nod for HK securities reform
    451 26  -  From Catherine Ong in HONGKONG THE Securities and Futures Commission (SFC), Hongkong's securities watchdog, has conditionally accepted a reform package which would remove the last vestiges of the Ronald Li era from the stock exchange's ruling body. SFC spokesman Wesley McDade said yesterday that
    451 words
  • Article, Illustration
    Lock icon Proton ready to be listed on KLSE by end of the year
    285 26 Agencies SHAH ALAM Perusahaan Otomobil Nasional Bhd, the manufacturer of the Malaysian national car. is ready to be listed on the Kuala Lumpur Stock Exchange anytime this year, chairman Tan Sri Jamil Bin Mohd Jan said yesterday. All
    Agencies  -  285 words
  • Article
    Lock icon Jakarta sets up customs company
    168 26 Reuter JAKARTA The Indonesian government will be the major shareholder in a new customs control company which will eventually replace Societe Generale de Surveillance Holding SA (SGS). Finance Minister Johannes Sumarlin said yesterday that his ministry would put up a 76 per cent stake in
    Reuter  -  168 words
  • Article
    Lock icon Bonn declares Germany as locomotive for world recovery
    291 26 Reuter LONDON The Bonn government yesterday proclaimed Germany a locomotive for world recovery after announcing growth had surged in the second quarter of 1991. On the sidelines of the World Economic Summit in London, German officials also said Bonn had not faced
    Reuter  -  291 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      247 26 i IN/IC=lF=jesci:l—ll The Richness Of Leather Handmade To Perfection. ■EBi uCCC^ tpTM^ a :::;y||ri li 1 |f r UJSS J ''1 11 1 -m I"TT 1 2 "Duufcatt fcwi 1025 A total of twelve units of J, 4, and Club-size pool, sauna steamhath V bedroom apartments Superb location, next to
      247 words
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      Page 26 Advertisements Column 2
      17 26 Thai telecom deal making investors wary, Pg 7 US raises 1992 deficit estimate to USs34Bb, Pg 9
      17 words
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      Page 26 Advertisements Column 3
      89 26 [H I rs/ICZDF^EEESCIZI —II The Richness Of Leather Handmade To Perfection THE CASE OF THE VALET WHO KNEW EVERYTHING WILL BE SOLVED ON 16 SEPTEMBER 1991. £y #1 liL RAFFLES HOTEL REOPENS 16 SEPTEMBER 1991. >412GAPO**^ RAFFLES HOI H lI.OPCNS H ITH 104 SUITES. BAR AM) 81l LIARD ROOM. RAFFLES
      89 words
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  • Shipping Times
    • Article, Illustration
      CWT gearing up for new districentre in Jurong
      397 27  -  By Selva Kumar GOVERNMENT-linked warehousing and transport operator CWT Distribution Pte Ltd is gearing up to start a new districentre in Jurong along with two regional shipping lines. Jurong Districentre Pte Ltd was formed in April with an authorised share capital of
      397 words
    • Article
      Lock icon Decline in US vehicle sales slows
      529 27 NYT DETROIT Confirming that the American automotive market is growing ever more robust, sales of domestically built vehicles fell a modest 7.7 per cent in early July from a strong sales period a year earlier. Sales of cars built in North America which the
      NYT  -  529 words
    • Article
      INDEX TO ADVERTISERS
      1170 27 Page Col ABC Containerline 12 I Accord Group 8 1-3 Aeropak Express 9 5 AFS 15 2 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3 A.P C. Lines 13 5 A 15 4 Asian Break-Bulk 16 3 ASXC'L
      1,170 words
    • Article
      Lock icon Malaysia looking for new sites to build ports
      466 27 Bernama PORT KLANG Several areas are being identified as sites for ports to meet the expected jump in cargo volume in the next 20 years, Malaysian Transport Minister Datuk Sen Dr Ling Liong Sik said on Monday. "The new sea ports do
      Bernama  -  466 words
    • Article
      Lock icon Japan's defence agency to buy British jets
      202 27 Asahi TOKYO Japan's defence agency will buy 27 British Aerospace-made planes worth at least 56 billion yen (Ss7ll million) over four years beginning in fiscal 1992, according to agency sources. The BAe-125 twin-engine jet plane was chosen over Cessna Aircraft's Citation for use
      Asahi  -  202 words
    • Article
      Lock icon MISC to provide total transport services
      141 27 Bernama KUALA LUMPUR Malaysian International Shipping Corporation Bhd will be able to provide total transport services next year with the introduction of warehousing and trucking facilities, managing director Ariffin Alias said. He added that these moves, including MISC's entry into the container haulage business,
      Bernama  -  141 words
    • Article
      Lock icon Indian Airlines to replace part of its fleet for US$2b
      212 27 Reuter NEW DELHI India's domestic Indian Airlines said it would replace a substantial part of its existing fleet at a cost of US$2 billion (553.5 billion), the Press Trust of India (PTI) news agency reported on Sunday. It quoted the
      Reuter  -  212 words
    • Article
      Lock icon Chrysler selling Diamond-Star stake: Ward's
      168 27 Reuter DETROIT Chrysler Corp, hungry for cash to develop new models, has agreed to sell to Mitsubishi Motors Corp its 50 per cent interest in Diamond-Star Motors Corp, a carmaking venture it has with the Japanese carmaker. an industry newsletter said on Monday. Ward's Automotive
      Reuter  -  168 words
    • NEWS SUMMARY
      • Article
        Ford, Volkswagen sign US$2.8b deal
        46 27 AUTOMOBILE giants Ford and Volkswagen signed contracts on Monday with the Portuguese government on a USS2.B billion project to make a new multipurpose van in Portugal starting in 1994. The deal represents the largest single foreign investment in Portugal Page 2
        46 words
      • Article
        KLM, Garuda bow to environmental groups
        43 27 KLM Royal Dutch Airlines, the largest transporter of wild tropical birds to the United States, and Garuda Indonesia on Monday agreed under pressure from environmental groups to halt shipments of birds caught in the wild Back Page
        43 words
      • Article
        US military help sought against driftnet fishing
        51 27 IN A MOVE aimed at curbing driftnet fishing by Taiwanese boats in the North Pacific, several lawmakers from the Pacific Northwest proposed on Monday that the Pentagon supply military ships and aircraft to help the undermanned US Coast Guard stop the practice Back
        51 words
      • Article
        Jaguar continues to pose problems for Ford
        63 27 WHEN Ford Motor Co bought Jaguar pic for around US$2.5 billion (554.37 billion) a year ago. it knew it faced an uphill battle. But that hill has turned into more of a mountain. A weak dollar and a recession that caused an unexpectedly
        63 words
    • LOG BOOK
      • Article
        Yangming signs 10-year lease with LA port
        65 28 LOS ANGELES Taiwanese national earrier Yangming Marine Transport has signed a 10-year contract with the port of Los Angeles for the lease of a container terminal. The 35-acrc area was left vacant earlier this year by Korean tenant Hanjin Shipping. The Los Angeles
        65 words
      • Article
        Work begins to raise Condor
        79 28 SINGAPORE From now until August 23, work will be carried out to raise the wreck of the Condor, located at the Eastern Petroleum *A' Anchorage. In a notice issued by the Port Master's Department, mariners are advised to slow down and proceed cautiously in the
        79 words
      • Article
        Fall in passenger traffic
        77 28 LONDON BAA pic said its airports handled 6.5 million passengers in June, down 7 per cent on June 1990. Domestic traffic stayed weak, falling 7.6 per cent. But European scheduled traffic continued gradual recovery with a drop of 7.4 per cent, after an 8.4 per cent
        77 words
    • Article
      Lock icon Ford, Volkswagen sign US$2.8b investment deal
      432 28 AP Automobile giants Ford and Volkswagen signed contracts on Monday with the Portuguese government on a US$2.B billion (554.9 billion) project to make a new multipurpose van in Portugal starting in 1994. The deal represents the largest single foreign investment in Portugal. Monday's signing
      AP  -  432 words
    • Article
      DAILY FREIGHTS
      562 28 DRY CARGO freight rates extended their seasonal decline on Monday with the Baltic Freight Index (BF1) falling 19 points to 1,542, brokers said. The index has fallen 107 points since last Monday as demand fades and tonnage accumulates. CargilTs booking on Friday of a 52,000 tonne cargo from
      562 words
    • Article
      Lock icon WEEKLY FREIGHTS
      395 28 AFP THE TRADITIONAL summer lull in activity preceding North American and European harvests contributed to a sharp fall in freight rates over the past week on dry cargo markets, brokers said. A correction of the market's rise in recent months was also a factor in the slump. The
      AFP  -  395 words
    • Article
      THE SHIPPING GUIDE
      12787 36 This is a list of ships loading \c at Singapore for ports around the world. It tabulates, by 21 destination, the name of the n» ship, the shipping line in- jj. volved and the estimated T dates of arrival and departure Zi from the Port of Singapore,
      12,787 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        721 43 Vessel Voy No Berth Arrival Departue Vessel Voy No Berth Arrive Departue Marina Terminal 1 str s, <" 1% P03 16 07/2300 19 07/2300 Batam Baiu B77 M04 1607/2300 Iss 70/S91 16 07/1500 16 0 7/1900 Citra Jaya *****1 M03 alongside 1707/2300 Waiea 05/91 W* 16 07/2000
        721 words
      • Article
        CONTAINER SCHEDULE
        958 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Sip Voy No Etb/Btr Period From To From Ace Concord 21E 18/1700 2 16/1700 17/0659 17/0900 4 17/1200 17/1459 17/1700 ACX Daisy 16 19/0700 3 17/0700 17/1159 17/1400 4 17/1200 17/1459 17/1700 Afca Bhum 508N 18/1100 1
        958 words
    • Article, Illustration
      Lock icon KLM and Garuda to stop carrying exotic wild birds
      299 44 NYT WASHINGTON KLM Royal Dutch Airlines, the largest transporter of wild tropical birds to the United States, and Garuda Indonesia airline on Monday agreed under pressure from environmental groups to halt shipments of birds caught in the wild. The birds are
      NYT  -  299 words
    • Article
      Lock icon McDonnell sells MUGS licensing rights
      162 44 Reuter ST LOUIS McDonnell Douglas Corp has sold exclusive licensing rights for its Multipurpose Universal Gunner Sight (MUGS) to Electro Optic Systems Pty l4d for an undisclosed sum and other considerations. McDonnell said it will receive royalties for sights produced by Electro Optic and offset
      Reuter  -  162 words
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      Lock icon US military help sought to fight driftnet fishing
      511 44 AP WASHINGTON In a move aimed at curbing driftnet fishing by Taiwanese boats in the North Pacific, several lawmakers from the Pacific Northwest proposed on Monday that the Pentagon supply military ships and aircraft to help the undermanned US Coast Guard stop
      AP  -  511 words
    • Article, Illustration
      Lock icon Jaguar continues to pose problems for Ford
      329 44 AP COVENTRY, England When Ford Motor Co bought Jaguar pic for around US$2.5 billion (554.37 billion) a year ago, it knew it faced an uphill battle. But that hill has turned into more of a mountain. A weak dollar and a recession that
      AP  -  329 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      27 27 Lines and services represented by Members of the Registry of Accredited Shipping fRf/AVV Agents, Singapore National Shipping Assoelation NSWPK' For advertising enquiries, contact Shipping limes Tel 740-2tm/740-2090
      27 words
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      Page 27 Advertisements Column 2
      30 27 y^arngMs BT shows you how every Monday. x **#M WSi WILSON CO. A.B. SERVICE TO FROM SCANDINAVIA PHONE NOW... MAC -NELS: SINGAPORE TEL: *****22 ext 30/25 PORTKELANG: 03-*****77 PENANG: 04-*****6
      30 words
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      Page 27 Advertisements Column 3
      31 27 Container Schedule 17 Daily 2 Index to Advertisers 1 Shipping Guide 10.11 Ships m Port 17 Singapore Tides 17 Transport Oary 3 Weather and Sea Condi tore 17 Weekly Frwghts 2
      31 words
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      Page 28 Advertisements Column 1
      194 28 UPS Parcel Has Started To Clear Customs. I Ai 1 J? m v. Before It's Cleared For "Take-Off. By the time your express parcel or document takes off to its international destination, the process of customs clearance has already begun. Before it arrives, our local customs experts will know when
      194 words
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      Page 28 Advertisements Column 2
      183 28 APPOINTMENTS Well established international seafreight forwarder invites applicants for the post of: SUPERVISORS I Min GCE'O'level Well versed in both import export documentation, freight booking and liaison with customers, shipping lines and contractors Ability to type well Min. 3 years related working experience DOCUMENTATION CLERKS] GCE *0* level or equivalent
      183 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      2376 29 0 JAROINE SHIPPING AGENCIES 200 Cantonment Road #12 05 Southpomt. Singapore 0208 \llffW Tel *****11 TELEX NO RS 24m Wlllim TERMINAL/CFS TH *****18 220 rCOOCa 7 BOOKINGS Tel *****34 258 L VA*# A "SAM JARDINE SHIPPING AGENCIES SON BHD HORT KELANG TEL: *****18 TELEX NO MA*****/MA***** PENANG TEL *****4 TELEX
      2,376 words
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      Page 29 Advertisements Column 2
      3690 29 ~TransporTDlAß^™ 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. July 22-Aug 2:
      3,690 words
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      Page 30 Advertisements Column 1
      1217 30 |rottedam/1 \7l I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE SMW KURAMA~ 11/128 17/7 8/8 8/8 5/8 jffftlßl FRANKFURT EXPRESS 57/328 21/7 7/8 9/8 12/8 13/8 Igsagggl TOKIO EXPRESS 01/129 25/7 15/8 13/8 12/8 I. AIL WSTBOUND P. KAMAKURA 18/329 27/7 14/8 16/8 19/8 20/8 %g> WWIC CAWO
      1,217 words
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      Page 30 Advertisements Column 2
      647 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT L. J BONTANG 2404E8 1/8 16/8 19/8 24/8 ALSO ACCEPTMG CARGO VIA SUVA TO LAUTOKA. PAGO PAGO. APIA 4 NUKUALOAf A 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
      647 words
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      Page 30 Advertisements Column 3
      1603 30 |r R£l mum Hy® REGULAR INDEPENDENT FULL CONTAINER SERVICE WE§TB6und F6R EUROPE VSL/VOY sm ALG BCL HAM BRE ROT ANT Fa LHA (VIA (VIA (VIA ALG) HAM) ROT) NORASIA AL MANSOORAH 9119-3 19/07 11/08 13/08 15/08 16/08 17/08 18/08 19/08 20/01 ARABIAN SEA 120W 28/07 20/08 21/08 24/08 25/08 26/08
      1,603 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      2167 31 Steamers Maritime Holdings Ltd PfrO arnf STRAITS SHIPPING Containers Voy No Pan/ Pill S port *l| Sou Ant Hot Hto| IAURA MAfRSA 9104 13/07 15/07 17/07 0100- 04 04 05/04 07/01 ACCEPTS DUE SAILS O**NTAI BAY 0540 13/07 15/07 20/07 06 04 04 04 10 04 CARGO LEXA MAERSK 1110
      2,167 words
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      Page 31 Advertisements Column 2
      2232 31 TO: U.S.A./PANAMA FM: U.S.AiPANAMA Vigil VOY JjP OM LGB C«l FM Ug HO* WTC Vt»l/VOT NYC NO* MV CW LM OAK CHOVANG CHANCf IF 124 79/1 14/4 14/4 Till 30 31/4 l/» J/» fANAMA SfMTO* *»ltt J/4 7/4 »/4 14/4 73/4 M/ 4 12/7 gui yam m» 21/1 21 i
      2,232 words
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      Page 31 Advertisements Column 3
      401 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO i HEAVY LIFTS VESSEL VOT SI" pii HIUC TRANS AUTO 30 110 MPT NEW BREL3 1 "SLD MPT MOMOSHM* MMU 1 li/7 I champion trader ii "loTj COSMC CHALLENGER 1 I "I "SU) PT ORANGE MOON 15 "»/7 HELECIA 10 li/7 15/7 COSMK
      401 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      549 32 SBBH CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE KLVOT SPORE ROAM ADAM H BURG BREMEN ANTWERP SUIWJAtA 32M8 14/1 3/9 9/9 12/9 14/9 KUTAI, 23N6 1 9 4/10 13/10 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subfacl lo Inducement Also accepting cargo to Catablanca. Port Said. Port
      549 words
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      Page 32 Advertisements Column 2
      1058 32 ITprSHSHiriiEl I X/ HANJIN SHIPPING I ISporelLEH RTM ANR HAM BRV FEL FEEDER VSI SIN LINE HAUL LGB OAK I HANJIN VANCOUVER 005W 17/7 2/8 3,8 4/8 4 8 5/8 6 8 HANJIN LONGBEACH 034E 19/7 DIRECT 1/8 10/8 HANJIN LEHAVRE 013W 22/7 9 8 10/8 11/8 11/8 12/8 13/8
      1,058 words
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      Page 32 Advertisements Column 3
      72 32 Conventional LCI/'FCI Service To WWCA ISA MWK WITH SOUTH MCfIC MC KIW OCttt VESSELS AVAILABLE FOR SALE/CHAftfEft/TftANgHlftMfeNT SONG THAO HO CHI MINM/TUTIC OWN 21/7/91 "A VESSEL MADRAS/CALCUTT A/CHI TTAGOWG/RANGOON »/7/»1 AARON F~ BKK/SATTAHIP/VUNOTAU/PHNOM PENH "A VESSEL" COLOMBO/DU®AI/D AMMAN/KUWAIT 30/7/»1 -A VSL" JEDOAH/HOOCIOAM/AOABA 5/B/91 ■Q SERAVA- SIN BATAM WEEKLV SERVICES TMC
      72 words
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      Page 32 Advertisements Column 4
      1196 32 I~J1 ~J T If mr*NKjm 5J 6 5i 6 T OSK NCT SU n° LM CMS Mi tttC LHV WW RDM Tt» MG PS) CM I*l I I M/ 7 Ist \in 11 H* ..'J .yj 5 /f 11/1 a/l «/> 11/J 12/9 13/9 15/9 25/9 5/10 9/10 10/10 «/7
      1,196 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2100 33 J# NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: NEPTUNE LINK TEL *****00 USA SERVICE -*****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE -*****19 DOCUMENTATION DEPT: *****44/*****14 MJ AUST/INDIA/PAK SERVICE-*****18 CFS: K27 EXPORT *****53/*****04 FAR EAST SERVICE -*****48 CFS: K27 IMPORT *****69/*****50 NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33, P.
      2,100 words
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      Page 33 Advertisements Column 2
      1192 33 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****} (REGULAR INDEPENDENT SERVlCE)____^_^_ FULL CONTAINERSHIP SERVICES EASTBOUrO-PtSCHMONG WESTBOUNP-LOAONC TRANSHfPED WA ROTTERDAM wsan WY Imc VOY |w |m |»ac |BHV TK KTM
      1,192 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1814 34 AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) W W TEL *****77 TELEX: KAWAKIRS23I6S FAX *****79 H MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD A JUT TEL PJ *****00 PK *****01/5 PENANG *****5 JB *****1 ■■■i KAWASAKI KISEN KAISHA LTD INDONESIA P.T. SARANA LAUT INTERNUSA TEL: JKT *****76.
      1,814 words
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      Page 34 Advertisements Column 2
      1216 34 PHIII-ORKNT UNCS PT€ LTD '08 ROBINSON HOAO »07 00 GMG BUILOING SINGAPORE 0106 X 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 FREIGI IT FORWARDERS ASSOCIATION "fflr MONTREAL. TORONTO. 26 JUL DUBAI. DAMMAN. SHARJAH. DOHA
      1,216 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      1575 35 jasbUlf PACIFIC INTERNATIONAL LINES (PTE) LTD m tm JBBI pil Building, 140 Cecil Street #03-00, Singapore 0106. ARTA [BANGKOK J l VESSEL VOV SIN JKT SIN 1 1 BUNGA TERATAI 293 21/7 23/3 28/7 S |t* BKK SIN EDEN 301 M/ 7 91/7 m/ 7 JENLINK «2N 18/7 21/7 28/7
      1,575 words
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      Page 35 Advertisements Column 2
      1111 35 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint laA Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY SCAN SWEDEN Ciy pi Edinburgh 236 20/7 10/8 T Alsia' 240 24/7 9'B
      1,111 words
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      Page 35 Advertisements Column 3
      441 35 M MYANMA pBBk FIVE STAR LINE \vv (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIf Pen P Gdj MYOMAYWA VI36W In Pt PATHEIN VII2W In Pt SAGAING V24W IJ/24 M HPA AN VI64W In Pt PAGAN WI72W 22/25 Jul THE BANK LINE (A Mrvlc* of Andrew W«lr Shipping)
      441 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      796 38 TO AUSTRALIA/NEW ZEALAND VSL Sin |?»d lAuck [wi [p CHMM OiLORIS 274 23/7 307? S/« i l 1«7» 178 hmtma «27* i3/i it t ur 2< t i<r« T» EIIEN MUWC 27» 23 I 30l T» I«t 13 9 IS/» IS"* BRUSStI 277 6 14 t 20 23 4 214
      796 words
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      Page 38 Advertisements Column 2
      1193 38 I•s N A! 5 t: :n *■*~> >m a i r I OUTBOUND VOY PKL PNG MT SIN HKG KAO KEE TYO SM2 NGO KOB VESSEL VOY j SIN [PKL ~PNG BLV» SIN ACX DAISY 16 20 07 "15 7 19 7 26 7 30 7 31 7 IS EQUATOR
      1,193 words
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      Page 38 Advertisements Column 3
      1765 38 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINKR SERVICE MALAYSIA'S AGENTS SINGAPORE'S GENERAL AGENTS INDONESIA s AGENTS CHUNG CHIAO SHIPPING SDN BHD COSTAR SHIPPING PTF LTD PT GLOBAL PUTRA KL TEI <*****1/17 FAX *****92, ***** s Nt UU INDONESIA MARITIME P KLANG TEI 36M106/I TLX MA ***** }"•< ™W»1«33 (021)*****7. *****4
      1,765 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      762 39 m GUARANTEED CONSOL TO:KEELUNG/KAOHSKJNG 21.7.91 HONG KONG 20.7.91 BUSAN 18.7.91 BANGKOK 19.7.91 EUROPE 21.7.91 TOKYO/KOBE/YOKOHAMA 21.7.91 USA 19.7.91 AUCKLANO 21.7.91 FREMANTLE 25.7.91 SYDNEY/MELBOURNE 21.7.91 FOR BOOKING PLEASE CALL AT OUR HOTLINE 538-0155 (8 LINES) FAX: *****92 PLEASE CONTACT CAINE TAN, KATHLYN TAV. SOPHIA BAY FAST DIRECT REGULAR SERVICE TO INDONESIA
      762 words
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      Page 39 Advertisements Column 2
      465 39 T RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 I TELEX: RS ***** RISHIP (3 Lines) Pf\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOV ETA ILOADING FOR SPORE ANOINET 24VVB 18 08 DARESSALAAM. MOMBASA DJIBOUTI ASSAB. MASSAWA ABYOT 26W8 tO'OS
      465 words
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      Page 39 Advertisements Column 3
      786 39 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD N* CM EH SMK PORT KELANG PENANG J* 1 IS/' 11/; llumut) 10/; loading tor Male NUVAI HUDHU 20/; Loading (or Calcutta OOIPHN 9/; 7,7 loading for Male HONK* SUPREME In R, ,0/7 Loading For Male DONAKUIHI |5,; loaded for Fehwaru progress
      786 words
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      Page 39 Advertisements Column 4
      795 39 SYDNEY/MELBOURNE BANGKOK [tttsa wt srm fffp Ma ksm |wr memx mwwok PIYA BHW 1106 22 23/7 4-6/8 8-10/8 NANTA BHUM 49ft In rt 17, 7 Sat 20 7 Pl T 8-10/7 22-24/7 26 28/7 MAHA BHUM# 66N Fri 18/7 Mon 22/7 [piTA BIUI 1 130 7 20-21/8 2-4/9 6-8/8 DEIA
      795 words
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      1501 40 MAC-NELS S'PORE MPORT: *****02 PENANG: (04) *****6 J BAHRU: (07) *****2 KK: (088) *****0 MEDAN: (061)*****2 1 P KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 I UK/SCAN/MED PORTS COLOMBO/S. AFRICA PFN PK I PEN PK S,N IQ?7 9n/7 7 7 /C. /Oil Colombo 21/7 22/7 23/7
      1,501 words
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      Page 40 Advertisements Column 2
      1206 40 THONG SOON LINES PTE. LTD. 11 ROBINSON ROAD #15 00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CPNVENTIQNAI/CONTAINEB I CONTAINER SERVICE* SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL VOV ETA PEST VESSEL VOT SPOIE
      1,206 words
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      769 41 nSHL oe vapores "PERUVIAN STATE LINE" ACCEPTMG BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI. iLO* 1 OTHER PERUVIAN PORTS* WITH T/S AT KOBE OH CPV THROUGH BILL OF LADING. Pwung* P KeUn| Singapore E'Msw KAMALEVERETT PT7/19 M THOMASEVERETT 22/25 W KARABKVERETT 29/31 Jul 01/03 Au( "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE
      769 words
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      Page 41 Advertisements Column 2
      532 41 V3L I VOY [SPORE IMAINLINER ILAK hST |SAV |NYC W SINGAPORE *01 27/7 11*11* 21/t S/» l/» 10/9 12/1 m Yokohama i« n>i m iiaii* 21 1 3/1 a/9 10/* 12/1 m TRSSTE 13IE 9/1 M KOREA J/9 14/} 17/9 19 9 21/* m EIAT 6St 13 I rn HONGKONG
      532 words
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      Page 41 Advertisements Column 3
      635 41 MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI OAMMAN SHARIAH DOHA MUSCAT BAHRAIN ABU DHABI BANDAR ABBAS If DOAH FAR EAST ACCEPTING FCL/LCL PENANG P/RfIANG JAKARTA. BANGKOK HONG KONG TAIWAN lAPAN MANIIA KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON. fELIXSTOWE. LEEDS TUBURV ABERDEEN LE HARVE HAMBURG ROTTERDAM ANTWEP. GOTHENBURG COPENHAGEN ALL
      635 words
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      Page 41 Advertisements Column 4
      614 41 I[W PERINTIS LINE I M Am I IUIMaMMU" uiuuuiTnmmK ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASETIA 181 A 18/07 21/07 PELOPOR 997 20/07 23/07 DFERAJAT 946 23/07 26/07 PRASETIA 183 A 25/07 28/07 PELOPOR 998 27/07 30/07 TANTO UTAMA 179 21/07 24/07 TANTO
      614 words
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      Page 41 Advertisements Column 5
      398 41 SIN FW EAST 21/7 KEELUNG/KAOHSIUNG 21/7 BANGKOK 20/7 MANILA/CEBU 20/7 JAKARTA/BELAWAN/SURABAYA 20/7 PORT KELANG/PENANG/E. Malaysia 21/7 BUSAN 21/7 TOKYO/YOKO/KOBE/NGO/OSA 22/7 HONG KONG SHI CHHU 22/7 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DAIIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 22/7 LDN/FLX/LVP/SOU 22/7 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. SIN USA/CANADA 20/7 LOS
      398 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      838 42 FIL Container Services Pte Ltd IHb TOTAL SERVICES NVOCC MADRAS CALCUTTA VBL VOY SINQAPORE/MADRA3/BINQAPORE V9L VOY SINQAPORE/CALCUTTA/SINOAPORE VESSEL VOY SIN MAA SIN VESSEL VOY SIN CAL SIN •NEXT AVAILABLE 17-18/07 24-26/07 01-01/08 NEXT AVAILABLE 16-17/07 23-26/07 01-02/08 24-24/07 31-02/08 07-08/08 21-22/07 27-31/07 06 07/08 27-28/07 05 06/08 11-12/08 28-29/07 03-05/08
      838 words
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      Page 42 Advertisements Column 2
      431 42 nontermj CONTERM FREIGHT (F.E) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION AUCKLAND 21 JULY ALSO ACCEPTING TO WELLINGTON. NEW PLYMOUTH. NAPIER, HAMILTON. CHRISTCHLMCH, LYTTLETON, OUNEWN PORT CHALMERS PORT VESSEL ETA NEXT BANGKOK CONTERM INGENUITY 20/7 27/7 JAKARTA CONTERM EDEN 23/7 30/7 PENANG CONTERM A BHUM 21/7 2J/7 PORT KELANG CONTERM SEROIA 20/7
      431 words
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      Page 42 Advertisements Column 3
      503 42 CUJIcon mv mTEßmopntS LCL/FCL SERVICE FROM jfjß/ B |B) iSft W Cilft operate* ov«r 000 torminals/offloM in UJB.A. I II [BSr HW a maintain* ov*f 35,000 tractor* 4 trucks. V II Imm M CUfl ov*r 60,000 points In U.S.A. [l_l| (£9 flMft M CUJ! off*f rrtUibl* LCI/FCL services. General Agents:
      503 words
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      Page 42 Advertisements Column 4
      399 42 IiaUUMMUIWII MANILA ETA VIGOUR PACIFIC 41NB 20/7 VIGOUR SINGAPORE SNB 27/7 BANGHOh 19/7 26/7 BUSAN 23/7 28/7 HONGKONG 23/7 28/7 DURBAN PT LOUtS 26/7 3/8 KEELUNG 21/7 28/7 USA 22/7 29/7 PT KELANG 19/7 26/7 KOBE 21/7 28/7 PIRAEUS 25/7 8/8 OSAKA 21/7 31/7 JAKARTA 22/7 25/7 SURABAYA 22/7 26/7
      399 words
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  • Page 43 Advertisements
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      Page 43 Advertisements Column 1
      341 43 vQ c Oc vQc Oc vO c vCZ>c vOc U VAN OMMEREN CETECO GROUP U > TRANSPORT DIVISION > 0 VOTAINER CONSOLIDATION SERVICES: M THE ONLY CONSOLIDATOR WITH WORIDWIDE NETWORK f] V J Weekly FCLACL Services To/From I J > USA EUROPE FAR EAST > Baillmore Votainer Conso4lda(lon Services Hamtwg-
      341 words
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      Page 43 Advertisements Column 2
      651 43 T MORE FREQUENT FLIGHTS WORLDWIDE fWEW ZEALAWD/FUI VESSEL Met PJ(g 'Pen *Bhk Sin S'baya Auckland Fiji(A) N.Plymouth(A) Timaru Lyttelton(B) Dunedm(B) Napier WHhntton(C) Tauranja N Rotterdam 9117 19/7 23/7 18/7 18/7 21/7 25/7 9/8 21/8 11/j 12/8 13/8 13/8 14/8 14/8 16/8 N Rosario/9118 29/7 1/8 1/8 1/8 2/8 5/8 19/8
      651 words
  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      323 43 TIDES AND WEATHER II rail —IIBIU.H HM——Mt.l TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 *****400 1500 1(00 *****800 1900 2000 2100 2200 2300 J« 18 25 29 30 2 8 2 3 1.7 1.1 0 7 05 05
      323 words
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      770 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST ft£Dtß wt Ml PRE ISH IX mix VOT LBH OAK S£» LINE HAM. VOY TCM/gA PTI NAN HAI 203 016 14/07 15/07 11/07 H EXPIOMR 41E 12/ OS 15/0« U/01 GOLKN
      770 words
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      Page 44 Advertisements Column 2
      121 44 PASJR GUDANG/SJNGAPORE TWICE WEEKLY SAI.INGS (TUE SAT) VESSEL VOY P.GUDANG S'PORE JOSINDO SATU 017S 19/7 20/7 018S 22/7 23/7 019S 26/7 27/7 020S 29/7 30/7 021S 02/8 03/8 022S 05/8 06/8 RASIR GUDANG SINGAPORE (07) *****0/*****1 (02)534-0042 BEESS 5 7 A A m wmmmmmmmm M r» l DAMAR SEGARA AGUNG
      121 words
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      Page 44 Advertisements Column 3
      467 44 CHARTPOINT Every Saturday in Business Times UK/CONTINENT (TRIO) te Hl^H Hmbwi te Cwwuct" Ajrtut Golhr«ur| Mjrw S »0K VTW irtUK l-DMt LfH Mi* Stoaton ■IMiM 11 121 hnvfen ii Mm Arolartm. 0w HM '•will OPWSJ 57/ HI tin 7/1 l/l IZ/I 11/1 »m*»« T. km RflffßfH TOM E»*fM 11/121 2V7
      467 words