The Business Times, 25 July 1991

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Thursday, July 25, 1991 75*
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  • NEWS SUMMARY
    • 56 1 WASHINGTON Orders for durable goods fell unexpectedly in June after two months of solid gains as demand waned for industrial machinery and electronic components, the Commerce Department said. The 1.6 cent decrease followed hefty gains of 2 per cent in May
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    • 42 1 LONDON A one percentage point cut in UK interest rates to 10 per cent would boost business confidence and hasten Britain's recovery from recession, said Miles Middleton. president of the British Chambers of Commerce.
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    • 19 1 SINGAPORE has been warned about the negative impact of overly high wage increases Page 2
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    • 39 1 SENTOSA Development Corporation has given Khamis Holdings exactly one week to submit its revised building programmes and to catch up with delays on its $85 million hotel and $10 million village-cum-bazaar projects on Sentosa Page 2
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    • 26 1 ASEAN will negotiate with the European Community the renewal of their textile pact as a group to strengthen its bargaining power Page 7
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    • 35 1 MALAYSIA'S National Land Council had approved a guideline allowing owners of land acquired by the government for development purposes to tender for work in the projects to be carried out Page 7
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    • 27 1 GATT negotiators are trying out a new formula to bring the rich international commerce in services within the rules of free trade Page 9
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    • 17 1 THE WORST may be over for the eastern German economy, says the government. Page 9
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    • 19 1 COUTURE is still alive, judging from the latest creations by Gianni Versace and Christian Lacroix Page 17
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    • 30 1 THE Jurong Town Corporation is planning to build a huge warehousing complex, which sources say will be even larger than the keppel Distripark. Shipping Times Page 1
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  • NEWS & MARKETS SUMMARY
    • 33 1 WALL STREET was mixed early yesterday as traders studied some weaker-than-expected economic news. The Dow Jones average of 30 industrials dropped 8.50 points to 2,974.73 in the first hour of trading.
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    • 33 1 LONDON shares traded cautiously a shade below their overnight all-time high at midday yesterday. By noon, the FTSE 100-Share Index managed to limit its losses to 3.6 points, down to 2,584.3.
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    • 36 1 RASHID HUSSAIN Bhd (RHB) has turned in spectacular results for the financial year ended May 29. with group af-ter-tax profit jumping 129.3 per cent to M 542.04 million (5526.48 million) Page 3
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    • 36 1 ASIA Pacific Land, formerly Mount Pleasure Holdings, has scrapped an earlier proposal of a share placement and replaced it with a rights issue together with a special issue to bumiputra investors. Page 3
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    • 18 1 US COMPUTER manufacturer Unisys Corporation has announced a programme to cut costs Page 4
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    • Article, Illustration
      30 1 Wednesda) Change BT-MGA 720.53 +0.07 Kuala Lumpur ...601.28 -0.64 Tokyo 23.297.47 +538.49 Hongkong 4.028.77 +18.95 Sydney 1,572.6 +2.0 Tuesdat Change New York 2.983 23 -29.74 London 2.587.92 +29.4
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    • 22 1 Exchange rates USS SS 1.7455 100 Yen SS 1.2750 VIS SS 0.6271 Money market rates Overnight 4-7/8% +1/16 3-month 5-9/16% unch
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    • 37 1 London Gold AM fix USS367.00 -USSI.05 Rubber S'pore Aug !43.25'/kg unch M'sia Aug 227.50*/kg unch KL Tin Turnover 66 tonnes +29 Spot MS 15.51 /kg +0.10 Crude palm oil Turnover 2.524 lots +193 Aug MS88I/tonne +21
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  • 469 1  - Banks told to stop booking Brunei loans under ACU Move to prevent internationalisation of S$ By S N Vasuki THE MONETARY Authority of Singapore (MAS) has advised full licence and restricted banks here to book all their Brunei dollar loans and deposits under their Domestic Banking Units (DBU) instead of
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  • 310 1  -  From Schutz Lee in WELLINGTON THE NEW ZEALAND government is reviewing the country's investment environment to make it more conducive to investors. Two working committees comprising government officials were set up three months ago to look into the promotional and regulatory
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  • 402 1  -  By Sangeeta Mulchand LOCAL company Transco Investments has increased its stake in New Zealand's Salmond Smith Biolab (SSB) to 22 per cent, making it the listed Kiwi company's largest shareholder. Transco Investments, a family business controlled by Singapore Indian Chamber of
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  • 107 1 AFP lOKYO As Finance Minister Kyutaro Hashimoto vowed yesterday to toughen Japan's securities law, the country's top stockbrokers came under increased pressure to name favoured clients compensated for trading losses in the growing stock market scandal. Mr Hashimoto told a news conference that the existing
    AFP  -  107 words
  • 455 1  -  From Maggie Ford in JAKARTA THE INDONESIAN central bank is to ease the current tight monetary policy which has pushed bank interest rates up to 28 per cent. In future, according to governor Adrianus Mooy, monetary policy will be tightened or loosened depending
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  • 416 1 JAKARTA Local banks will face restrictions in converting funds borrowed abroad into rupiah and they will have to channel the funds into loans to export industries. says central bank chief Adrian us Mooy. The Bank Indonesia governor told BT that the
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  • Page 1 Advertisements
    • 249 1 Burberrys' 8<CD > Ls^rv*> cwhen Reigns pours Ad Marketing 12 Monjy Market 25 Work) News 9 Aircraft Schedule 27 Regional Int'l Co News 5 Commodities 26 Regional News 7 Cryptic Crossword 27 Regional Stock Markets 23 For market indices, editorial, Editorial 10 SES 18.19 advertising and circulation ex Financial News
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    • 57 1 fnl TOTAL SERVICES CROWN tt? PACIFIC 36 Pioneer Rood Singapore 2262 Fa* 862 2840 Tlx RS 21 115 CRWNPAC Tel: 861 6818 TWMWMWWMWMM The Peak w from if .t. 'Grand Tavilion RESTAURANT Wholly -owtvd by Tung Lok Shark F»n Restaurant P%c I «d 21 Amber Road I rhinese Swimming (Hub
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    • 8 1 Central banker in the hot seat, Pg 10
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  • HOME NEWS
    • NEWS ROUNDUP
      • 68 2 THE Primary Production Department will accredit in stages Malaysian poultry farms which export poultry and eggs to Singapore. This is a control measure to ensure that imports are free from harmful drug residues. As of July this year, all consignments of poultry imported by
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      • 64 2 DEFENCE Minister Yeo Ning Hong last night called on employers to come up with innovative measures to recognise and reward employees who perform well during reserve training. Reservists will take their national responsibilities seriously if there is top management support for total defence, he said. Dr Yeo was
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      • 57 2 THE Minister for Foreign Affairs of the Republic of Korea, Lee Sang Ock, is to be in Singapore for a three-day official visit beginning today. He will be accompanied by his wife and senior officials. Mr Lee will be here at the invitation of the
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      • 92 2 IN yesterday's BT article 'OUB to revamp top management', it was said that senior vice-president Ms Gracie Choo currently heads consumer banking and is expected to move to treasury, reporting to OUB president Peter Seah. The bank has since clarified that Mrs Gracy Choo, to give her
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    • 189 2 THERE is currently no need for the Port of Singapore Authority (PSA) to play the role of an arbitrator in bunkering industry disputes given its resources and the availability of other professionals who can handle such cases. But PSA would like
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    • 541 2  -  By Anna Teo STRONG and resilient the economy may be. Singapore runs the risk of pricing itself out of major electronics and machinery markets in the medium term, cautions US economic forecasting firm DRI. Noting that wages have been rising more than
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    • 339 2  -  By Sangeeta Mulchand KHAMIS HOLDINGS has exactly one week from today to submit its revised building programmes and to catch up with delays on its multi-mil-lion-dollar projects on Sentosa, or risk having the tender revoked. If an extension is necessary,
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    • 255 2 THE 170-acre Port Klang Golf Resort, incorporating an 18-hole course and a marina, is launching a drive for Singapore members this weekend. The par 72 course was opened for play last month, according to Port Klang Golf Resort (PKGR) Management Sdn Bhd. A
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    • 271 2 THE emergence of new me-ga-carriers, especially those with a dominant position in their domestic markets, will present an even more formidable challenge to Asian carriers, said Singapore Airlines managing director Dr Cheong Choong Kong. Speaking at the Airline Personnel Directors Conference earlier this
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  • Page 2 Advertisements
    • 217 2 POWER TO NOTE And a notebook of POWER introductory Tsndon NB/386sx ■r serial mouse the NB/386sx includes all the H Microsoft Windows Jj-° main ingredients of Compaq's noNow till Ist August compromises standard setter..." PCWorld,May 1991 Tandon's power-saving technology and general high quality put a class the the Compaq *All
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    • 71 2 Analysis, Pg 11 BOLD DEVELOPMENT ..4 V 10 HOE (HUNG HD i Easy access via ECP and AYE 5-minute walk from Tanjong Pagar MRT Column-free office space Computerised building management 1 system Conference facility High speed lifts Ample carpark lots I^S TOwtß s **> s OFFICES FOR LEASE.READY IN EARLY
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 431 3  -  By William Chia RIDING on the back of Malaysia's burgeoning financial services sector. Rash id Hussain Bhd (RHB) has turned in its best-ever results for the financial year ended May 29. The financial services group, which announced its results yesterday, achieved a
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    • 265 3  -  By Genevieve Cua SUNSHINE Bakeries is considering additional investments of between $15 million and $20 million over the next five years in its new state-of-the-art bakery to be built in Senoko. The second phase of the expansion will see more
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    • 283 3 Bernama KUALA LUMPUR Malaysia Airlines (MAS) is expected to spend Ms 6 billion (553.7 billion) in the next 10 years to upgrade its services, its chairman Raja Tan Sri Mohar Raja Badiozaman said yesterday. The expenditure would include the purchase
      Bernama  -  283 words
    • 505 3 MBT KUALA LUMPUR Sanda Plastic Industries, which will float 5.25 million shares on the second board of the Kuala Lumpur Stock Exchange in September, has acquired enough confidence to surge ahead and take on its competitors. After its first 12 years of operation, which
      MBT  -  505 words
    • 385 3  -  By Lee Han Shih ASIA Pacific Land (APL) has scrapped an earlier proposal for a share placement and replaced it with a rights issue together with a special issue to bumiputra investors. APL is now calling for a one-for-two rights at 65 sen
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    • COMPANY BRIEFS
      • 114 3 SESDAQ-LISTED Hiap Moh has posted after-tax earnings excluding extraordinary items of $830,000 for the half-year ended June 30, 1991, down from $993,000 in the same period last year. As a result, earnings per share fell from 4.1 cents to 3.5 cents, although turnover
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      • 92 3 FOCAL FINANCE, the listed finance subsidia|7 of OCBC Bank, has reported strong first-half results this year with operating profits at $2.1 million, up 22 per cent over the corresponding period last year. This is based on a gross operating income of $15.5 million, a $3.2
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      • 94 3 CYCLE AND CARRIAGE Ltd (CCL) has confirmed that Orient Italy has acquired the entire shareholding of CCL's substantial shareholder, Yung Pui. Orient Italy of Hongkong acquired Yung Pui, which has a 15.1 per cent stake in CCL, from Yung Pui's shareholders on July 19. In
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      • 48 3 THE DIRECTORS of Amcol Holdings have said they are unaware of any reason for the sharp increase in the turnover of the company's shares on the main board. The statement was made in answer to a query from the Stock Exchange of Singapore.
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    • 291 3 Bernama KUALA LUMPUR Ho Hup Construction Company Bhd, which is seeking a listing on the main board of the Kuala Lumpur Stock Exchange, has forecast a consolidated pre-tax profit of M 522.26 million (S$ 13.96 million) for calendar vear 1991. Ho Hup. which is offering
      Bernama  -  291 words
  • Page 3 Advertisements
    • 97 3 PIANO LOUNGE KTV KTV 96 Somerset Road #01-04. UOL Building Singapore 0923 Tel *****83 (10 LmesHFormerly STRAWBERRY LOUNGE) Lovely PR Manageress Lisa. Esther. Lynn Barcode system A simplified methcxi in l PR Manager Ben <St their string of not less requesting your songs with the help of a than 50
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    • 317 3 "Ever since my childhood days, I had been 1 plump.Everyone said that I was such a cute little girl. I lived with this plump figure through school and H junior college. But, by then, I found myself feeling H shy about my 49.5 kg weight especially when I was only
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  • REGIONAL / INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 102 4 LONDON Reuters Holdings, the financial information and news company, said on Tuesday that it would review prices and seek further redundancies to cope with the retrenchment sweeping the world's financial centres. Reuters' pre-tax profits grew by 1.8 per cent to £170.1 million
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      • 84 4 TOKYO Iyo Bank Ltd, Japan's 24th-ranked regional bank, said it will merge with Toho Sogo Bank in a bid to salvage the financially-troubled mutual bank. Iyo Bank, listed on the first section of the Tokyo Stock Exchange, said in a statement that the merger
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      • 60 4 HONGKONG Bangkok-listed Siam City Cement Co Ltd has signed a US$l2O million (Ss2lo million) floating rate note (FRN) facility in Hongkong, co-arranger Barclays Bank said. Barclays, underwriter of the issue, said it jointly arranged the FRN with World Bank affiliate the International Finance Corp (IFC).
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      • 66 4 PARIS Cap Gemini Sogeti and Daimler-Benz AG unit Debis plan to develop their computer services business in the US and Far East by forging new strategic alliances, Daimler chairman Edzard Reuter said. Debis chairman Manfred Gentz added that such alliances could be built on cross-shareholdings, but
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    • 462 4 FT NEW YORK Unisys Corporation, the struggling US computer manufacturer, on Tuesday announced a programme to cut costs, involving 10,000 job losses, consolidation of plants, a slimming of its product range and US$l.2 billion (SSS2.I billion) special charges against second-quarter earnings. It
      FT  -  462 words
    • 380 4 Reuter MUNICH Electronics fcroup Siemens AG said group net profit in the first nine months of the current -1990/91 fiscal year, which £nds on Sept 30, rose to 1.21 billion marks (S$ 121 billion) ;from 1.14 billion marks in the same period
      Reuter  -  380 words
    • 545 4 Asahi News Service i OSAKA A maze of shady money games played by a major Japanese textile trading house, Itoman Co, eventually led to the arrests on Tuesday of three former i executive directors of the firm on charges of violating the commercial
      Asahi News Service  -  545 words
    • 353 4  -  Flotation is biggest in Philippine market history From Al Labita Jr in MANILA BARING Brothers Ltd, a London-based merchant bank, has clinched the lead international underwriting contract of the 3.5 billion peso (*****.8 million) flotation of Manila Electric Company (Meralco), the biggest flotation
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    • 456 4 BANGKOK Thailand's Transport and Communications Ministry will decide within a fortnight if a ThaiSat Co proposal to build a back-up satellite uplink station in Thailand will infringe upon Shinawatra Computer and Communications Co's pending exclusive right to invest in the country's first
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    • 305 4 Reuter FAIRFAX Mobil Corp has said its lower 1991 second quarter profits mainly reflected a decline in natural gas prices in North America and higher exploration expenses overseas. "As anticipated, second quarter earnings were significantly lower than the exceptionally strong first quarter, largely
      Reuter  -  305 words
  • Page 4 Advertisements
    • 962 4 THE BANK OF NEW COMPANDING Head Office: 48 Wall Street, New York, NY *****, U.S.A. Singapore Branch: 10 Collyer Quay, #14-02/03 Ocean Building, Singapore 0104. Consolidated Balance Sheets Consolidated Statements of Income Dollars m thousands, except per share amounts 1 990 1989 1990 '989 Assets Interest Income: Cash and Due
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  • Page 5 Advertisements
    • 120 5 BUB *0., jfl^H Ili^^B The (iolden Classic is an exceptionally rare breed A very small family of distinguished luxury cars Nonetheless, because its from the Mercedes-Benz S-class, it carries (and unth much grandeur to say the least) a resplendent heritage of repeated firsts in automotive technology Which is why the
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 73 6 NEW YORK Despite "substandard" earnings in the first half of 1991, Citicorp will still earn more in 1991 than it did in 1990, but just "barely", Citicorp chairman John Reed told Reuters in an interview. In 1990, Citicorp earned US$45B million. So far in
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      • 102 6 TOKYO Finance Minister Ryutaro Hashimoto said a regulatory body similar to the Securities and Exchange Commission (SEC) in the US would not be suitable for Japan. He told reporters the ministry is trying to reorganise its inspection system in the wake of recent brokerage scandals,
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      • 104 6 BONN BVR, the federal association of cooperative banks, said the balance sheet total of its 3,000 west German member banks had risen by 39.4 billion marks, or 7.6 per cent, to 559.2 billion in the first half of 1991. Deposits rose 7.5 per cent to 450.3 billion
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      • 108 6 MANAMA, Bahrain Gulf International Bank BSC's (GIB) net income for the first six months of 1991 fell to US$2O.lB million against U5532.47 million the previous year. In an unaudited report, the bank owned by six Gulf Arab states and Iraq said assets fell sharply to US$5.B9
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      • 76 6 DUBAI Net profits by the state-run Emirates Industrial Bank (EIB) fell by 20 per cent in 1990, but company officials said the Gulf crisis was not to blame. The profits stood at 30.59 million dirhams (S$ 14.54 million) compared with 36.5 million dirhams in 1989, the
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    • 851 6  -  By Shoeb Kagda AUSTRALIA'S beleaguered economy is likely to continue to affect the country's banking sector in the short term, according to a report by accounting firm KPMG Peat Marwick. Banks in Australia saw profits plunge dramatically in 1990 after six
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    • 267 6 AP NEW YORK Three Wall Street brokerages have reported sharply higher second quarter earnings, reflecting the securities industry's powerful rebound from a poor performance last year. Salomon Inc said earnings grew 48 per cent in the second three months of the year,
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    • 300 6 Reuter ZURICH Union Bank of Switzerland (ÜBS) said in a statement that group and parent bank results in the first half of 1991 were markedly better than in 1990. ÜBS, Switzerland's largest bank, has just opened a merchant banking subsidiary in
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    • 197 6 Reuter LOS ANGELES Bank merica Corp is in serious negotiations to acquire Honfed Bank, the largest savings and loan in Hawaii and the state's third largest financial institution, senior banking sources said. "It's just about a done deal." said one source who
      Reuter  -  197 words
    • 389 6 Reuter TOKYO Japanese brokerages implicated in a scandal involving improperly compensating clients for investment losses have submitted revised financial statements to the Financial Ministry. Nomura Securities Co Ltd submitted a revised financial statement to reflect a total 27.48 billion yen (***** million) paid as
      Reuter  -  389 words
  • Page 6 Advertisements
    • 148 6 ECICS PTE LTD Now offers you all the Export Credit Insurance services previously provided by its parent company. In other words, BUSINESS AS USUAL ECICS Pte Ltd is a newly-incorporatcd subsidiary which has taken over the business previously handled by the Export Credit Insurance Corporation of Singapore Limited. Offering you
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  • THE REGION
    • 411 7 Bernama KUALA LUMPUR The Malaysian Industrial Development Authority expects the rate of local participation in manufacturing projects approved by the government to increase at par with foreign participation this year. Its chairman. Tan Sri Zainal Abidin Sulong, said on Monday that he based this
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    • 307 7 Bernama KUALA LUMPUR Owners of land acquired by the government for development purposes will be allowed to tender for work in the projects to be carried out. Deputy Prime Minister Ghafar Baba said last night. He said they could submit their tender papers when
      Bernama  -  307 words
    • 200 7 Bernama KUALA LUMPUR Housing developer Sunrise Sdn Bhd sees an excellent future for condominium development here because land is getting scarce and its value is bound to increase, Sunrise Senior marketing manager Wong Kim Choon said on Tuesday. "For people to afford a home
      Bernama  -  200 words
    • 234 7 Textile accord with EC raising concern BANGKOK The six Asean countries will negotiate with the European Community the renewal of their textile pact as a group to strengthen their bargaining power with the 12-nation bloc, according to The Nation. Krirk-krai Jirapaet, deputy permanent secretarygeneral
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    • 197 7 BANGKOK Thailand would be significantly affected by the outcome of the Uruguay Round of talks under the General Agreement on Tariff and Trade (Gatt) whether or not US and European Community subsidies are dismantled, says its Deputy Agriculture Minister. The Bangkok Post reported that Ajva
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    • 38 7 HONGKONG Pedestrians walking past a damaged building yesterday following a visit by Typhoon Brendan in the early morning hours. Thirteen people were injured, none seriously, by flying debris when the typhoon struck.
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    • 283 7 Bernama KUALA LUMPUR The Golden Triangle, the federal capital's premier commercial district, needs to be "reshaped, expanded and redefined", a senior executive of a property development company with a major investment just outside the area said on Tuesday. The Golden Triangle looks congested
      Bernama  -  283 words
    • NOTE BOOK
      • 85 7 HONGKONG Only 7.2 per cent of the hundreds of thousands of Hongkong people who have emigrated ahead of the British colony's takeover by China in 1997 have returned home to work. A survey, carried out by the Hongkong Institute of Personnel Management
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      • 88 7 TAIPEI May's indirect trade between Taiwan and China reached a monthly record of U*****.7 million (Ss9o6 million), a 38.5 per cent jump over a year ago, the Board of Foreign Trade (BOFT) said yesterday. The island enjoyed a US$3lB million surplus, the board said, adding that exports
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      • 100 7 KUALA SELANGOR The manufacturing sector is expected to account for 75 per cent of Selangor's gross national product in the year 2020. The state's Mentri Besar, Tan Sri Muhammad Haji Muhammad Taib, said yesterday that growth of the sector was expected to double once the first phase of
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      • 80 7 BANGKOK A slump in tourism is putting pressure on Thai hotels to slash prices in a bid to bring back the dwindling number of holiday-makers. David Wiig, general manager of the Landmark Hotel, said on Tuesday that the main problem was too many rooms and not
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      • 52 7 MANILA The Manila-based Press Foundation of Asia (PFA) has won the Ramon Magsaysay Award for international understanding. The award foundation announced yesterday that the PFA was chosen "for guiding Asia's press to look beyond national borders and speak intelligently to the complex issues of regional change
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      • 73 7 KUALA LUMPUR Malaysia, which sees West Asia as fast becoming an important market for its foods, will be participating in the "Rebuild Kuwait '91" exhibition to be held in Bahrain from Nov 2 to 7, 1991. The Ministry of International Trade and Industry said yesterday that the exhibition
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  • Page 7 Advertisements
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    • 7 7 I The art of writing. MONT° BLANC
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  • Page 8 Advertisements
    • 658 8 Once again, Khamis hits the hemlines. U e's made Marina Village more because we menus new V at Try Greek the V //I J hjjy PPF YouU find it's really easy to taste the J£\ j W/M, flj^H more so Eje's naming a Restaurant feS C; of the Month. *4-IS
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  • THE WORLD
    • 462 9 Ideas focus on how MFN principle should apply to this area Reuter GENEVA Gatt negotiators are testing a new formula to bring the rich international commerce in services within the rules of free trade. Trade officials said on Tuesday that the negotiators hope
      Reuter  -  462 words
    • 46 9 HAMBURG Demonstrators clinging to the gate of the "Rote Flora Park" on Tuesday as police try to drive them out using water cannons. The Hamburg city council intends to build social houses on the site occupied by autonomous groups.
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    • 335 9 AP BONN The German government issued a cautiously optimistic report on Tuesday, saying there were signs that the worst of eastern Germany's economic problems may be ending. But the government report left little doubt about the economic struggles that remain.
      AP  -  335 words
    • 452 9 IHT BRUSSELS When the G-7 summit called last week for "urgent" progress in protecting intellectual property at world trade talks, European Community officials turned to thoughts of wine and whisky in addition to books and records. Although wine is not commonly regarded
      IHT  -  452 words
    • 279 9 IHT FRANKFURT Germany's most populous state has reported that its inflation rate soared to 4.3 per cent this month, which signals that the soon-to-be-published rate for western Germany as a whole may be higher than widely feared. Economists say this could further
      IHT  -  279 words
    • 266 9 AFP NEW DELHI India's new government yesterday unveiled an austerity budget, trimming defence expenditure, lifting subsidies on sugar and fertiliser and raising the prices of most petroleum products. The U5543.6 billion (5576.1 billion) delayed budget for 1991-92 was presented to parliament's lower house by Finance
      AFP  -  266 words
    • 241 9 Reuter. LONDON The British government, faced with a rising budget deficit, says it is taking a tough line on public spending for the coming fiscal year despite strong pressure to improve public services ahead of a general election. "There will be no pre-elec-tion
      Reuter.  -  241 words
    • WORLD WATCH
      • 92 9 WASHINGTON THE United States will fine China US$l4 million (5524.5 million) for evading US textile quotas, the State Department announced on Tuesday. US Customs Service and Commerce Department officials reported that last year China shipped as much as US$2 billion worth of
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      • 84 9 FRANKFURT The former West German economy grew by more than 4 per cent in the first half of this year, incoming Bundesbank president Helmut Schlesinger said on Tuesday. The former West Germany saw 4.2 per cent growth in the first quarter of this year, and
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      • 76 9 OTTAWA Wholesale sales in Canada rose by 2.2 per cent in May, compared with April, to C 514.8 billion (5522.4 billion), preliminary figures published on Tuesday by Statistics Canada showed. However, sales were down 3.6 per cent compared with May last year, said the government agency.
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      • 77 9 MILAN The worst may be over for the Italian economy, with the second half of the year likely to bring better news on inflation and growth, economists say. But Italy's bickering governing coalition will still have little to celebrate. The economy's recovery is expected to be
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      • 86 9 THE HAGUE The Dutch Central Bureau of Statistics (CBS) has revised its official figure for 1990 gross domestic product growth to 3.9 per cent, in volume terms, from an April estimate of 3.5 per cent. The 1990 GDP growth compares with a 4.2 per cent rise
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      • 70 9 BRUSSELS Malta expects to be one of the first nations in line when the European Community (EC) begins considering new applicants in 1993, Maltese Prime Minister Edward Fenech-Adami said here on Tuesday. Addressing journalists after a visit to the EC's executive commission, he said the island's booming
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  • Page 9 Advertisements
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  • 457 10 EDITORIAL ASEAN again did well doing what it does best. Last week's Asean Ministerial Meeting (AMM) in Kuala Lumpur of the six foreign ministers was the picture of political cohesion. And this paid dividends at thePost-Ministerial Conference (PMC) which followed, when Asean met with its seven dialogue
    457 words
  • WHAT THE OTHERS SAY
    • 229 10 THERE are few symbols of the state more sacred than the national flag, the code of arms and the national anthem. Hence it was unsettling to hear a call by a grassroots leader, made during the Prime Minister's community visit to Bukit Panjang last Sunday,
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    • 172 10 ON A recent meet-the-people visit, PM Goh Chok Tong made some remarks that would certainly touch the Malays. In short, he was saying that his harsh actions of the past five years have driven the Malays to produce better results and he is gratified. Ever since
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    • 111 10 THE recommendation that certificates of entitlement (COEs) be made non-transferable for a oneyear trial period is likely to receive public support. As there has been no obvious speculation in COEs for goods vehicles and buses, it is all right for them to remain transferable. Prices of COEs are
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  • REGIONAL VIEWPOINTS
    • 199 10 SHORT-TEMPERED Foreign Minister Gareth Evans is better known for cursing at people in foreign parts than for polite behaviour. So it was a pleasant surprise to see him actually bowing to Malaysian Prime Minister Dr Mahathir during his current visit to that country. It will take all
      199 words
    • 151 10 PRESIDENT Soeharto's strong warning to major private sector businessmen on Sunday to transfer part of their companies' equity shares to primary cooperatives was the third official jawboning of large conglomerates to get them to share their wealth with the people. The transfer of shares to cooperatives is
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    • 95 10 WHAT was first conceived as an ombudsman with wide-ranging powers who would serve as the country's political troubleshooter may turn out to be nothing more than a glorified messenger. Little wonder that the constitution Drafting Committee's proposal for a Parliament-appointed ombudsman has run into strong opposition. Empowering an
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  • 1194 10  -  Indonesia was shaken by the US$4l9 million Bank Duta scandal. But good has come out of that fiasco. Adrianus Mooy, head of Bank Indonesia, tells Maggie Ford about Indonesia's banking reforms Maggie Ford The writer is a Jakarta-based journalist who contributes to BT THE
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    • 187 10 Communicate New life To A Kidney Patient. C i j Is W ,V r- ?^T Digital Kr> Iflrphiw Svstrm «ww.«->. From July 18 to September 18, you can help us invest telephone system or digital PABX system you purchase, in a new life. So open up new lines of communication
      187 words
  • Page 10 Miscellaneous

  • ANALYSIS
    • 671 11  -  How useful are those country J business risk studies and reports regularly trotted out by consultancies? Anna Teo finds out from industry, and talks to the man behind the best known of the firms here. Business Environment Risk Intelligence Anna Teo SOME questions may have come
      671 words
    • 1154 11 TUB eagle takes its plaee atop a rocky outcrop outside the window, fishing from its perch. Boozerina. his feline companion, sits at the sill to catch the sun's rays. Deer from the surrounding woods frisk about around the house, wandering in sometimes to
      Photo by Arthur Lee  -  1,154 words
    • 998 11 INFORMATION such as Beri rankings help investors decide where to put their money. says Acting Communications Minister Mah Bow Tan recently in Petir, the People's Action Party organ. Beri reports help them decide which countries to invest in and where to set up factories or
      Photo by Arthur Lee  -  998 words

  • ADVERTISING AND MARKETING
    • 528 12  -  Partnership is biggest Asian winner at Clio awards By Sangeeta Mulchand Advertising agencies anxiously awaiting news of this year's Clio awards breathed a collective sigh of relief when the final results were finally announced recently. The industry has been on tenterhooks since rumours surfaced that
      528 words
    • 385 12 Neil french, the acknowledged guru of the local advertising industry, and the secret behind The Ball Partnership's quick climb up the creative ladder, is moving on. In a statement to BT, the agency confirmed that Mr French will be leaving the
      385 words
    • 321 12 A WELL-DESIGNED system, not just good workmanship, is the 'X' factor that will make Asian companies more effective when competing against other companies internationally. Kenny Goh, the group managing director of Ken-Air Leisure Group, was speaking on "The service business are Asians better at the
      321 words
    • 964 12  -  Distributorship gave Royal Sporting House a boost By Jesse Boone HOW DOES one turn a single shop into one of the region's most successful retail chains in just 13 years? "I used to work for my father in Indonesia he had a sports shop
      Picture by Arthur Lee  -  964 words
  • Page 12 Advertisements
    • 774 12 p_— dai ANPF chfft STATEMENT OF INCOME (BANKING ACCOUNTS) (BANKING ACCOUNTS) Member 31,195 C and 1969 ended December 31.1990 and 1989 1990 1989 (In Mkonsl (In MAons) (In Millions) (In Millions) Won Wof J Won Won ASSETS Mereanncome gh f Due From M 3,1*794 2 680.648 K7.37. *****0 Securities 1.72V047
      774 words

  • SPORTS
    • 826 13 AP SOUTH PORT, hngland Half a world away, they struggled together through the junior ranks, travelled together on the Sunshine Circuit and dreamed together of making the big time. Today, thanks to lan Bak-er-Finch's victory in the British Open, the hoys from Down Under are
      AP  -  826 words
    • 437 13 Tour de France AP L'ALPE D'HUEZ, France Miguel Indurain of Spain tightened his grip on the leader's yellow jersey in the lour de France with a strong second-place finish on Tuesday in another hard mountain stage. Gianni Bugno of Italy won the famed
      AP  -  437 words
    • 285 13 AP BIRMINGHAM, Michigan The seniors had better be in shape when they hit Oakland Hills for the US Senior Open this week. The course is tough and the US Golf Association is making them walk it. The weekly stops on the Senior PGA
      AP  -  285 words
    • SIDE LINES
      • 147 13 NOTTINGHAM, England The courts were cement instead of grass. The sounds of freight trains and brass bands were unlike anything heard at the All England Club. But something made the Federation Cup seem just like Wimbledon the rain. A two-hour rain delay cut short most
        147 words
      • 100 13 VIGO, Spain Merlenc Ottey, Tony Dees and Greg Foster raced to the best world times this year on Tuesday at the 25th "City of Vigo" International Meeting. In a tight race. Dees edged out fellow American Greg Foster to win the 110-metre hurdles in 13.05 seconds, the
        100 words
      • 110 13 BELGRADE The Yugoslav tennis federation said on Tuesday that it was no coincidence that Monica Seles had not played in the Federation Cup for the past three years. In a statement carried by Tanjug news agcncy, they praised Seles's exploits but suggested she had not played for
        110 words
      • 56 13 LAS VEGAS George Foreman will fight Boone Pultz on Sep 7 in Nassau, The Bahamas, in his first bout since his unsuccessful bid for the undisputed heavyweight championship. The 10-round match will be part of an HBO-television double-header from the Queen Elizabeth Sports Centre, said Bob
        56 words
      • 78 13 MONTREAL Defending champion Michael Chang lost his opening match at the US$l.2 million Canadian Open on Tuesday, falling to little-known Italian Stefano Pescosolido. Chang, the French Open titlist in 1989. lost to the Italian 7-6 (8-6), 3-6, 6-3. Pescosolido, 20, used a patient baseline game which eventually
        78 words
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  • Page 14 Advertisements
    • 286 14 m Yvl m 1 W// ,> H U H gSBMEj&JflfaaEwMßlipigsSirawHjßMKßM T irfro t* "Hr T *^3ffif''* r .4tt inT *li AjjßrviSsi&fjrlffi J^Mh -1'» &-'lr%.'s** "j •"> Jk, 5 jBS^ y 'Jk y i iI^M v H^f^»^^?^f. :^"i^^^. r kHmJMS&Ib H :•£%>• >IWa V X- ■IS I y• B i r>
      286 words

  • Page 15 Advertisements
    • 428 15 I Hkl I I in I II i H-.LJLAI._ ralP§giig»^fgto FOR ONES SPOIL YOURSELF. si, v «fo. i •-y.- I ffiS|ifi^Mß^^^Mß|BMHW^^^^^BMW^BWßHHß|MM|^^Mß IT 1 ii rnrr i n ll 11| u n nfiiFQlP^ 1 wMMMMMB^MMHI^M h-»w- ''fflfwf wifei&wr X;WMmr?' If' *f•vjgS&»^4 'a»li&iHaKßßß^^^^^^^^^MWM^BM^M »3KMwr■ NI^*WSMI;«SiHHHiIHMHHHHHIHHBIHHii^HHi '91 on July 2Sth 26th. (See chart)'.
      428 words

  • Page 16 Advertisements
    • 200 16 WHERE TO WINE, DINE AND ENTERTAIN WHEBE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Dessert on the House Any item you order from our a la carte menu (beverages and desserts excluded) entitles you to complimentary local and Nonya desserts from 6.00pm to 10.00pm daily. It A MEMBER
      200 words
    • 373 16 Slum:; ********************1 l Malaysian lihhl IVslival Make your choice from the tempting array of Malaysian delights presented to you a hi hauler style. Give your taste-buds a treat and send them to heaven with Plum's Malaysian Food Festival. There're even souvenirs for you to take home and return air tickets
      373 words
    • 259 16 1 Itltfll 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 T T .50% discount on
      259 words
    • 242 16 DAILY AT jQ THE PINE COURT fjljfjp Amidst Imperial splendour, our chefs //ffiWt' sta B e ,he,r h| ghly-accUtfmed performance -fjy of legendary Beijing cuisine to the satis- A, Lmfto 4 faction of demanding diners.To guarantee f 1 y° ur place amongst the discerning, make I \1 your reservations earty
      242 words
  • Page 16 Miscellaneous
    • 686 16 TELEVISION AND RADIO I A n pril f AV\ 1 O SBCS 9.30 Jake and* the Fatman I 5.55 BUSINESS ONRAPIO JL AAC clv'v'lvlvll Ldl 7.00 AM CNN International (L). m "nally h |ll (4Vol mc° Wilton &30 M BBC, 88.9 mHz in VHF Band II JJJJ is murdered on
      686 words

  • LIFESTYLE
    • 792 17  -  Couture is still alive, judging from the latest creations by Gianni Versace and Christian Bernadine Morris takes a look at the autumn and winter showings in Paris Bernadine Morris NYT GIANNI Versace and Christian Lacroix gave a jump start to the autumn and winter
      NYT  -  792 words
    • 462 17  -  Frank J Prial gives some tips for those who feel inadequate entering a wine shop Frank J Prial NYT THERE are more people than you might think who would rather visit an orthodontist than a wine shop. The terrors of the dentist's chair
      NYT  -  462 words
    • 299 17 CHATTERBOX CURSED be he that undresses my characters. Would William Shakespeare, who left a grim epii taph warning against messing with his bones, be chagrined to find one of his most fanciful plays performed in the nude? Theatre-in-the-buflf arrives for the first time in
      299 words
  • Page 17 Advertisements
    • 226 17 AND ENTERTAIN Lunch in a Flash! A carvery and salad buffet lunch featuring the best of cuisines everyday from different countries. Available at the Cafe-in-the-Park. From 12 noon to 2.30 pm Mondays to Fridays only. Price: $18.50++ per person. Monday Western Delights Tuesday Chinese Savouries Wednesday Malay Temptations Thursday Indian
      226 words
    • 108 17 m. yw n MM 111 Jfc v ■I" 'f#/ Classical Japanese Food Prepared IN THE TRUE KAISEKI STYLE. Complete set Lunch from $18.00+ Sushi Set Lunch from $18.00+ Tempura Chawanmushi Set Lunch at $20.00+ You Don't H«»t To Be A Member to Enjoy Fint Dmotg Nbhdo Rbstaurant Marina Bay Golf
      108 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4536 18  -  By Salil Tripathi AFTER A RUNUP of 43 points on Monday and Tuesday, Singapore's stock market paused to catch its breath yesterday before its expected pre-Na-tional Day surge. The benchmark Straits Times Industrials Index gained 2.28 points at 1.501.33, while the Business
      4,536 words

  • 4214 19 Main Board DBS 1220 20 +1.7% F&N 845 20 +2 4% UOI 258 17 +7.1% Semb Shipyard 690 +15 +2.2% Spore I .and 565 +15 +2.7% Singmarine 50 1 555 +15 +2.8% Jurong Ship 50* 910 +10 +1.1% OUE 690 +10 +1.5% Roth Inds 50«
    4,214 words

  • BT SHARE INFORMATION SERVICE
    • 246 20 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) Transmarco Jul 16 Mar 91 $8 545($9,243) 34 2(37 0 6(6) General Cwpn Jul 12 Jan 91 M$4.700($4.219l) 19(—) H leong Fin tul 12 Dec 90 $36 762($34 858) 16 4(15
      246 words
    • 247 20 Company Date Year Group pre-tax Not earning* Gross ann to profit/loss (L) per share dividend ('000) (cents) Kamunting Corpn Jut 19 Mar 91 M$21.011 < J15.410) 11(10) 1.5(1) PelangiBhd Jul 19 Mar 91 M$22.583(J*****) 6 8(49a) 10(7 5a) Set Dredg Jul 18 Mar 91 M$9 331($2.685e) 26(0 4)
      247 words
    • 219 20 Company Date HaH-year Group pre-tax Interim ann to profit/loss (L) dividend (*000) Bolton Jul 22 Jun 91 M$10,944($5,82l) MBf Finance Jul 22 Jun 91 MS70.387($38.062e) 5(—) CASH Jul 18 Feb 91 M$ 1,182 ($6691) C Properties Jul 11 Jun 91 $5,029(12.867) 20(20) Ganda Hldgs Jun 25 Mar 91
      219 words
    • 734 20 Jul 23 Edaran Otomobi National has agreed to buy a 15.06% stake in Cycle and Carriage Ltd (CCL), comprising 26.42 m CCL shares and 5.66 m CCL warrants, from Orient Italy Co Ltd for M5301.67m Jul 22 OSS Land has received the approvals from the authorities for two
      734 words
    • 686 20 Current Ex Books Date Total for Total for payment date dose payable the year last year Amcol 25c 10% Jul 5 Jul 17 Jul 31 10% 10% AMP NYA(e) Jun 19 Jul 4 Aug 15 NYA 28( Alt i rtdgs 50c 6%(b) Sep 4 Sep 16 Sep 30
      686 words
    • 570 20 Main Board Last Full Year Company Period Date Year Net EPS Gross Net arawced endrg (cents) dv profit last year (fOOO) Cerebos Interim Apr 27 Jul 91 126 200TE(a) 38.911 Spore Land Interim May 4 Dec 91 126 100 44 641(g) SM> Interim Jul 26 Dec 91 132
      570 words
    • 1086 20 i Prices as at 24.07.91 Conversion terms Premtam/ -1 Expiry t (discount) Amount Optional" using illBOd Company (mil Wrts Share Loan Con* Exer Lnstk Cash Cash Loan Gearing, Date Mths units) stock ratio price nom Stfc Left value s s i_ Bur will 115 2 0
      1,086 words
    • 389 20 Company Rights Issue Mcom Onetor two M$100 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of MSO 10 each at M$1 per share with 10m detachable TSR on the bass of 1 CRPS with 1 TSR for every 4 CRPS Ei-date Jun 7 Books dose: Jun
      389 words
    • 480 20 Company Rights Issue AKance Tech One for one $1 00 per share Bolton Issue of $90 978m nominal amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 489m detachable warrants or the bass of {2 nominal amount of Bonds tor every three existing shares held Every S2
      480 words
    • 798 20 BONDS, LOANS WARRANTS Company Conversion period Conversion term far mm ordinary (Jure Birwfl HI Before 30/6/94 1 warrant plus HKJ1 00 cash CM m Before 26/4/93 1 warrant plus $3 09 cash CauMway Ian CauMway HI 2/10/89 to 20/10/94 1 warrant plus SO 77 cash or 1 warrant plus 50
      798 words
    • 399 20 Transmarco Ltd: AGM EGM at 65 Chulia Street, #33-00 OCBC Centre, j Singapore 0104 on Friday, July 26, at 11.30 am. Heiza Corpn Bhd: 22nd AGM at Kayangan 2, Lobby Floor, Holiday Inn Shah Alam, Plaza Perangsang, Persiaran Perbandaran, ***** Shah Alam, Selangor on Friday. July 26. at
      399 words
    • 204 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 high: 1333 08 3/6/91) 1991 h*h: 1565 58 3/6/91) 1991 low: 1022 52 (16/1/91) 1991 1U908 (16/1/91) 1990 Ngh: *****3 (16/7/90) 1990 h«h: 1607.12 (27/3/90) 1990 tow: 981 07 09/11/90) 1»0 tow: 1079 50 (11/10/90) 1989 high: *****0 (28/12/89) 1*5
      204 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • 4254 21 Bernama PROFIT-TAKING after the advance of the previous two days sent share prices to an easier close in moderate trading yesterday. The KLSE Composite Index lost 0.64 of a point at 601.28 while the Industrial Index fell 8.53 points to 1,133.32. Losers outnumbered gainers 138
      Bernama  -  4,254 words
  • Page 21 Advertisements
    • 57 21 AUGUST 1991 170,000 REASONS <&Ji*h&h/7% WHY YOU NEEDN'T STAY SINGLE WHEN MISTRESS WHSZ/ f&Wm, MEETS WIFE xSaP lfflL TERRIFIC HOUDAY SPOTS TO FIND ROMANCE HOW TO MANAGE BRASH TWENTY SOMETHINGS Wf /AS^aT^^R7fiv CONTACT LENS ALERT! SAVING TIPS Available at Newsstands and from your News vendor. I 4/so df r/mes the
      57 words

  • TOKYO STOCK EXCHANGE
    • 2179 22 Reuter TOKYO stocks closed sharply higher yesterday in thin trade with the Nikkei average ending above a key 23,000-point level for the first time in a week, helped by short-term interest rates coming down for two successive days. The Nikkei closed the
      Reuter  -  2,179 words
  • STOCK EXCHANGE OF HONGKONG
    • 1893 22 AFP SHARE prices leaped to another new record high yesterday on the Hongkong Stock Exchange despite trading being cut short by a typhoon, with the Hang Seng Index gaining 18.95 points or 0.47 per cent to close at 4,028.77. The bourse
      AFP  -  1,893 words
  • Page 22 Advertisements
    • 31 22 Prices for Tokyo are provided by Telerate 1 I Prices for Hongkong are provided by Telerate Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
      31 words

  • REGIONAL STOCK MARKETS
    • Stocks in Bangkok and Taipei surge
      • 835 23 SOLID domestic buying orders dragged the Australian share market ofT earlier lows after an overnight slump on Wall Street sparked some profit-taking. After losing three points, the All Ordinaries Index staged a minor rally to close at 1,572.6, up 2.0. Brokers said hopes of an easing in monetary policy
        835 words
      • 871 23 HEAVY BUYING pushed the Thai stock index higher yesterday as investors regained confidence after recent positive government statements on the Thai economy, brokers said. The SET index gained 13.57 points to 720.43 on a high turnover of 5.06 billion baht. Financial stocks ended higher with Thai Investment and Securities
        871 words
      • 669 23 SHARE PRICES on the Jakarta Stock Exchange edged upwards yesterday after Finance Minister Johannes Sumarlin urged banks to lower their high interest rates, brokers said. One broker said Mr Sumarlin's appeal gave foreign investors the first ray of hope in a market in the doldrums for the past 13
        669 words
      • 442 23 PHILIPPINE SHARES slid yesterday as bargain-hunters held back in anticipation of possible further dips in a market cautious about Mount Pinatubo's mudflows. The Manila Stock Exchange composite index closed 6.74 points lower at 1.003.60. Combined turnover firmed in value to 109.2 million pesos from Tuesday's 104.8 million despite a
        442 words
      • 511 23 LATE BUYING by big players pulled Taiwan share prices up yesterday, clos- ing sharply higher despite early losses, dealers said. The weighted index surged 182.93 points or 3.8 per cent to finish at 5.005.91 compared with Tuesday's 4,822.98 close. Turnover was NT523.5 billion against NTS2O billion. Dealers said major
        511 words
      • 789 23 THE Seoul stock market closed firmer across the board yesterday, with trade volume hitting another year high this week, brokers said. "Investors who left the market a long time ago started returning as they believe the stock is an attractive investment tool," said Huh Eui-do, a broker at Daewoo
        789 words
      • 284 23 FALLS IN Fletcher Challenge and Goodman Fielder Wattie combined with general weakness overseas to lead New Zealand shares lower on reduced volume yesterday. Brokers said the decline was hastened by GFW's placement of 99.9 million shares at the equivalent of NZ52.34 each on Tuesday. GFW ended the day
        284 words
      • 518 23 (low Pt*»iou* July 24 AUSTRALIA All Ordinaries Index 1.572.6 1,570.6 2.0 All Induslnals Index 2,386.0 2,388.1 -2.1 All Resources Index *<45.6 941 0 4 6 Turnover (million) 257.8 115.5 142.3 BANGKOK SET Index 720 43 706.86 +13.57 Turnover(million baht) 5.060 5.100 -40 JAKARTA Composite Index 327.75 325.26 +2 49 MANILA
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  • Page 23 Advertisements
    • 27 23 The Bombay report was not available All prices are provided by Telerate Read Chartpoint, a guide Co investing in the stock market. Every Saturday in Business Times.
      27 words

  • WORLD STOCK MARKETS
    • Dow closes below 3,000 points again
      • Article, Illustration
        1328 24 WALL STREET stocks lost their struggle to stay above 3,000 on the Dow after a late session selling spate sliced about one per cent off the index on Tuesday. A downturn in bond prices and futures-related selling helped set off the mid-afternoon slide in stocks. But aside from
        1,328 words
      • Article, Illustration
        992 24 SHARES in London soared to a new closing high on Tuesday, with Monday's enthusiasm on Britain's June trade surplus announcement and signs the UK recession may be bottoming out, spilling over into Tuesday, dealers said. It was the first time in more than four years that the current account
        992 words
      • 254 24 GERMAN SHARES ended a fairly quiet Tuesday session 0.6 per cent above Monday's closing levels, as investors gained some confidcncc from the fact that the market had found support during Monday's session. Dealers saw no signs yet that prices could break out of the 1.600-to-1,650-point range on the 30-share
        254 words
      • 280 24 DUTCH SHARES ended a dull Tuesday session firmer as nothing seemed able to dispel the market's recent lethargy, traders said. News that Philips is to sell the majority of its information systems division to Digital failed to move the market as it had anticipated the bullish-ly-interpreted move after press
        280 words
      • 135 24 FRENCH SHARES ended slightly higher on Tuesday but an abortive rally left the index trapped in a tight range. Traders said sentiment in Paris was initially boosted by Monday's good retail sales and other data out of the UK. which raised optimism about recovery in Britain. "People saw this
        135 words
      • 147 24 LARGE INVESTORS continued to remain on the sidelines on Tuesday and Italian shares closed mixed in a sluggish trading session with light volume estimated below 100 billion lire. The MIB index slipped one point, or 0.09 per cent, to close at 1,106, although the index showed a modest 0.18
        147 words
      • 170 24 BELGIAN SHARES edged down for the sixth consecutive session on Tuesday, but dealers said some strong foreign interest in buying and selling selected blue-chip stocks had boosted trading volume from recent lacklustre levels. On the forward market, 691 million francs worth of Belgian shares were traded. The Bel 20
        170 words
      • 407 24 SHARE PRICES in Johannesburg continued to lose considerable ground on Tuesday following Monday's slide from their highs as selling pressure mounted. Dealers said the political and economic implications surrounding the recent government slush fund revelations is fuelling negative sentiment, which is likely to continue until the situation is resolved
        407 words
      • 244 24 TORONTO STOCKS on Tuesday slipped in late trade to close at session lows but remained mostly unscathed by a sharp downturn in New York that pulled Wall Street down about one per cent, dealers said. The TSE-300 Composite Index unofficially closed oflf 10 points or about 0.28 per cent
        244 words
      • 303 24 July 23 Close Previous NEW YORK Dow Jones 2.983.23 3.012.97 -29 74 NYSE Financial 152.53 153 25 -0.72 S&P500 379 42 382.88 -3 4ft Turnover (million) 161 149.1 4-11.9 LONDON Financial Times 30 2.007 3 1,973.8 f33.5 FTSE 100 2.587 9 2.558 5 +29.4 Turnover (million) 651.3 348.7 f 302.6
        303 words
  • Page 24 Advertisements
    • 67 24 The Zurich report was not available 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
      67 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1188 25 REPORTS ASIA Tokyo: The dollar closed lower across the board yesterday after Tokyo trade, dominated by mark buying for the yen and dollar sales for the mark, dealers said. "The dollar is likely to respond to dollar selling factors more easily than
      1,188 words
    • 381 25 Cross rates J»i y 24 US$ SS MS Dm Yen SFr A$ NZS USS 1 7495 2.7860 1.7450 137.20 0.5942 1.5240 1.2903 1.7683 S$ 0.5716 1.5925 0 9974 0.7842 0.3396 0.8711 0.7375 1.0108 MS 0.3589 62.80 0.6263 0.4925 0.2133 0.5470 0 4631 0.6347 Dm 0.5731 ***** 1.5966
      381 words
    • 535 25 Interbank rates SS Bid Offer Overnight 4 7/8 5 1-month 5 1/2 5 5/8 2-month 5 1/2 5 5/8 3-month 5 9/16 5 11/16 Overnight mode: 4-3/4 IS$ Bid Offer 7 days 5 7/8 6 1 month 5 15/16 6 1/16 2 months 5 15/16 6 1/16 3
      535 words
    • 352 25 Reuter NEW YORK Speculators are wielding more influence in the US foreign exchange market, trading more actively and filling a void left by the temporary withdrawal of traditional corporate players, dealers said. "Their impact on the market has really been exaggerated over the
      Reuter  -  352 words
    • 267 25 Reuter NEW YORK The US Treasury's two-year note, long viewed as the darling of the yield curve, has become something of an outcast due to the May squeeze, dealers said. "The two-year is not the coupon du jour it was a few months back,"
      Reuter  -  267 words
    • 1226 25 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vot Sep 91 93.74 93.75 93.73 93.74 3H8 ***** 2il5 Dec 91 93.15 93.15 93.14 93.15 3320 ***** 2078 Mar 92 93.09 93.09 93.08 93.08 476 ***** 938 Jun 92 92.69 92.71 92.69 92.70 215 1890 299 Sep 92
      1,226 words
  • Page 25 Advertisements

  • COMMODITIES
    • 445 26 Reuter JAKARTA Already hit by a slump in world prices, Indonesia's rubber producers are now struggling with soaring local costs, traders and industry olYicials say. Tappers and factories are now faced with the option of either giving up their businesses or accepting extremely narrow
      Reuter  -  445 words
    • 303 26 Reuter NEW YORK Sir James Goldsmith, newly elected to the boards of directors of Newmont Mining Corp and Newmont Gold Co, outlined the bullish case for gold, saying the metal would benefit from a favourable supply and demand ratio and from world financial turbulence. In a
      Reuter  -  303 words
    • 827 26 REPORTS THE PRICE of tin rose 10 sen to MS 15.51 per kg on the Kuala Lumpur Tin Market yesterday following the firmer London Metal Exchange overnight. Dealers said the metal rose USS4S per tonne on the LME on some good
      827 words
  • 1535 26 Rubber j u i y 24 HAS (fob ia lutes) S ccnts/kg Noon Close Int 1 RSS Prompt 142 25/143-25N I42.25/I43.25N Int I RSS Aug 91 143 25/143.75 143.25/143.75 Int I RSS Sep 145 00/145.50 145 00/145 50 Int 2 RSS OP 142.00/144.00N 142.00/144 OON Int 3 RSS OP
    1,535 words
  • Page 26 Advertisements
    • 1176 26 BUSINESS TIMES fELEPHONE: 730-5771/5772/5773 FAX: 734-4982 LOST SHARE/TRANSFERABLE SUBSCRIPTION RIGHTS (TSR) CERTIFICATES Th« following Share/ Transfer abte Subscription Rights (TSR) certificates 'together with the relevant signed transfer deeds have been reported lost or destroyed FIRST CAPITAL CORPORATION LTD Certificate No. In the name of No. of Shares TSR *****29 30
      1,176 words
    • 11 26 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 1138 27 City Flight ETA Flight ETD Abo Dhabi GA887 1245 GA894 2255 GA975 1300 Adelaide QF081 1820 SQ228 1905 Amsterdam SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 Athens SQ26 2200 Auckland BA11 1225 SQ325 2115 B Seri Bogawan SQ181 1410 RA408 0825 Bangkok SQ69
    1,138 words
  • THE TRAVEL PAGE
    • 404 27  - Bull-fighting Turkish style POSTCARD FROM KAFKASOR By Elif Kaban Horned heads crash in a storm of dust. The animals strain and twist, nostrils foaming, eyes red. "Kill him," shouts the frenzied crowd as the more powerful beast paws the earth and snorts before a final charge. Its rival llecs at
      404 words
    • 151 27 As at 3pm yesterday. Ixxal dollars to one unit of foreign currency C urrencies Bid Offer Australian dollar 1.348 1.368 Canadian dollar 1.500 1.530 NZ dollar 0.9780 1.008 Sterling pound 2.9300 2.960 US dollar 1.7430 1.7530 Local dollars to 100 units of foreign currency Austrian schilling 14.00
      151 words
    • 65 27 Duration Title Venue Organiser Tel Aug 6-9 IV Jewellery Buenos Aires. Rossi Heinlein *****1-9413 International Argentina Asociados SA Exhibition Aug 18-20 International Germany Mode Woe he- *****1990 Fashion Fair Munchen GmbH Duration Title Venue Organiser Tej Aug 20-31 Izmir Turkey Izmir Fair *****150 International Organisation Fair Aug
      65 words
  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • 265 27 order to boxer? W/F 8 Credit facility provided by —JBB——P® Tennyson (6.7) I I I i 1 i < > I 11 A line, formerly, for chari- U I*^o 12 Sacred song stops, almost ill I I in the middle (5) 13 Refuse in cave you open 16 Record one
      265 words
    • 203 27 Singapore Outlook: Cloudy with showers over a few areas in the late morning and early afternoon. Report: Maximum temperature 31.1° C Assoc humidity 68% Minimum temperature 24.8° C Assoc humidity 96% Hours of sunshine 2.35 Rainfall in mm Trace Rainfall this month 37.3 Rainy days this month 8 World forecast
      203 words
    • 27 27 TIME: WasTeRDAV i Postcard rp»oM miss e>orrom Pinched 67 SONtviPM OF m fgggj§ EXTREMELY B LONBU/ GO RT* £*£>'...' -^r 8475 C EVEMMO STAXOAJU) CO. LTD, IM2-IMI Cl,
      27 words

  • 404 28 New industrial policy removes bureaucratic controls Reuter NEW DELHI India yesterday announced a radical new industrial policy which dismantles the so-called "Licence Raj" and allows foreign firms majority stakes in joint ventures. Prime Minister P V Narasimha Rao's fledgling government threw out
    Reuter  -  404 words
  • 322 28  -  By Chuang Peck Ming in JAKARTA TIES between Indonesia and Singapore have reached new and significant levels of cooperation that will benefit both countries in the long run. President Wee Kim Wee said last night. Speaking at a state banquet given by
    322 words
  • 418 28  -  Asean Post-Ministerial Conference From Yang Razali in KUALA LUMPUR ASEAN and its non-commu-nist partners yesterday ended three days of talks on regional security with new ideas but no formal consensus on how to collectively respond to the changing world order. The 13
    418 words
  • 119 28 Reuter WASHINGTON A US Senate vote placing strict conditions for renewal on China's Most Favored Nation (MFN) trade status for 1992 drew sharp criticism from China's Foreign Ministry which accused the chamber of interfering in China's internal affairs. The Senate on Tuesday
    Reuter  -  119 words
  • 309 28  -  By Lilian Ang INDONESIAN national oil company Pertamina has won its appeal to continue with a long-drawn court battle to claim more than SI 10 million stashed in Singapore by a former employee. Justice Chao Hick Tin yesterday ruled in Pertamina's favour, but ordered
    309 words
  • 221 28 Reuter WASHINGTON The Soviet Union surprised US leaders on Tuesday, moving to end decades of self-im-posed economic isolation by applying for full membership of the International Monetarv Fund and the World Bank. The move immediately ran into opposition from the US. It
    Reuter  -  221 words
  • 792 28  -  The Bottom Line MARI PANGESTU MARI PANGESTU The writer is Head. Department of Economics. Centre for Strategic and International Studies. Jakarta. THE Growth Triangle formed by Singapore. Johor and Riau has received increased attention in recent years. How do investors view the concept?
    792 words
  • 145 28 Reuter MOSCOW President Mikhail Gorbachev scored a domestic success yesterday by reaching final agreement with nine of the 15 Soviet republics on a new Union Treaty, a goal he has sought for more than a year. "Today we can say that the work on
    Reuter  -  145 words
  • 208 28 Reuter NICOSIA PLO leader Yasser Arafat said yesterday that US Secretary of State James Baker told Palestinian leaders there would be no place in any Middle East peace talks for representatives from Arab East Jerusalem. In an interview with the Arabic service of
    Reuter  -  208 words
  • Page 28 Advertisements

  • Shipping Times
    • 373 29  -  By Rahita Elias THE Jurong Town Corporation (JTC) is planning to build a huge warehousing complex, which sources say will be even larger than the Port of Singapore Authority's Keppel Distripark. A well-informed source told BT that JTC's facility is likely to take
      373 words
    • 386 29 Reuter LONDON Lloyd's Register of Shipping said last week 188 ships were lost in 1990 with 389 people killed, the fewest deaths recorded since the world's leading ship registry began reporting the losses 100 years ago. The number of ships lost in 1990
      Reuter  -  386 words
    • 315 29 UPI TAIPEI Taiwanese maritime police on Monday turned over 18 mainland Chinese to the island's civil authorities on charges of extortion for allegedly raiding a local boat on Sunday night in the Taiwan Strait. After an emergency meeting, the Mainland Affairs Council decided
      UPI  -  315 words
    • 258 29 Reuter LONDON Britain on Tuesday urged the US to drop its objections to granting a reexport licence for parts used in six British Aerospace short-haul airliners destined for Iran. Trade and Industry Secretary Peter Lilley said he was most concerned
      Reuter  -  258 words
    • 891 29 Page Col f ABC Containerize 12 1 Accord Group 8 1-3 Aeropak Express 9 5 APL 5 3-5 APC Line 13 5 •ASCL 5 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Onent Line 7 4/5 Batamindo 14 4 Bangladesh Shpg 8 5 The Bank
      891 words
    • 466 29  -  By AJ Leow EYEING a slice of the growing Indonesian tourist market, SIA subsidiary Tradewinds will launch its first scheduled air service to the country in October. The regional carrier will fly three times daily to Jakarta from Oct 27. Tradewinds will take
      466 words
    • NEWS SUMMARY
    • LOG BOOK
      • 75 30 SINGAPORE Frederick Tsao, managing director of Hong-kong-based International Maritime Carriers group, will be speaking at a luncheon talk organised by the Institute of Chartered Shipbrokers (Singapore Branch). Mr Tsao will speak on "Shipping in the 1990s A Hongkong Shipowners' Point of View." The
        75 words
      • 85 30 NEW YORK The Consolidated Rail Corp sees a 4 per cent decline in both volume and operating revenues for the second half of 1991, said Gordon Kuhn, senior vice-presi-dent of marketing and sales. Mr Kuhn said after a recent security analysts meeting that the
        85 words
      • 86 30 TOKYO A group of 49 Vietnamese boat people seeking refugee status arrived in southern Japan on Monday, the second such boat-load to arrive in two days. The 38 men and 11 women set off from the Vietnamese port city of Da Nang 28 days
        86 words
      • 111 30 APIA Ferry travel between Western Samoa's two main islands "poses high risks", the Accident Compensation Board said in its annual report to Parliament last week. The standard of safety for ferries between 'Upolu and Savai'i "borders on an invitation to likely disaster", the report tabled last
        111 words
      • 53 30 DETROIT Ford Motor Co said on Monday that it may raise prices on its 1992-model cars by an average 3.7 per cent when compared with similarly equipped 1991 models. However, the increase in base prices could average 4.7 per cent, or US$796, industry publication
        53 words
      • 85 30 FRANKFURT, Germany German production of cars and utility vehicles rose by 5 per cent in the first six months of the year to 2.73 million units compared with the same period last year, the car industry association said last week. The group said in a statement
        85 words
    • 1272 30  -  The state-owned Volga Automotive Plant Association is set to become the first big Soviet industrial company with a large direct investment by a foreigner, reports Steve Lohr Steve Lohr NYT IN A STEP towards
      NYT  -  1,272 words
    • 686 30 FREIGHT market chartering on Tuesday was uninspired and hesitant reflected in a six-point drop in the Baltic Freight Index to 1,513, brokers said. Soviet grain chartering, the main swing factor able to stimulate otherwise slack summer business, remained unconfirmed. "All we hear is contradictory news. Some say the
      686 words
    • 833 30 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      833 words
    • 11433 38 This is a list of ships loading Aus at Singapore for ports around the world. It tabulates, by destination, the name of the ial ship, the shipping line in- 30. volved and the estimated dates of arrival and departure from the Port of Singapore. Eve Advanced dates
      11,433 words
    • 3301 43 Containerline NV: Belsin Shpg .\gencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: 1 rata Shpg Pte Ltd (S).
      3,301 words
    • 249 43 Abacus Couriers Tel: 545-8011. Fax: *****98 Air Express I ravel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-link International Tel: 344-3377. Fax: *****50. Cluster Link Supplies A
      249 words
    • 1543 43 Abe* Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-803* Fax: *****05. A^TMoecd Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,543 words
    • 417 44 Reuter /Vnman 15 vessels in port. Aqaba 12 discharging and 10 vessels idle at anchorage, of which eight have no cargo on board and two have cargo for Jordan. 17 vessels in port. Aratu Solid bulk terminal two vessels berthed and two waiting, delay one day. Liquid bulk
      Reuter  -  417 words
    • 463 44 ARRIVALS Op Flight Type ETA T From TODAY KAL KE697 B747F 0150 1 SEL NCA KZ203 B747F 1930 1 NRT KAL K.E685 A30F 2345 1 SEL/MNL TOMORROW JAL JL615 B747F 0240 1 TYO NWA NW901 B747F 1735 I ORD/ANC/NRT SIA SQ821 B747F 1755 2 LON/DXB NCA KZ203
      463 words
    • 757 44 SHIP SALES TANKER RATES Reuter, AFP VESSELS ON OFFER Bulk carriers llzunoclu: 15,878 dwt and built 1976, on offer at US$4.5 million. Oceanic Spring: 38,323 dwt and built 1980. Strahlhorn: 66,510 dwt and built 1976. SJwttentocfcers Alexandra: 14,841 dwt and built 1969. Splendid Fortune: 14,970 dwt and built 1974. on
      Reuter,; AFP  -  757 words
    • 364 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Air I>rp Name of Vessel ETA ETD Ports of Calls Port Agent JULY 25 25 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 26 26 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 29 29 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 30 30 Cora Princess 1000
      364 words
    • SHIPS IN PORT
      • 736 45 Vessel Voy No Berth Arrival Depart™ Marina Terminal 1 Batam Baru B79 M04 alongside 2507/2300 Batamindo 1 72S M01 alongside 24 07/1700 Btm Bahagta *****1 M05 alor«s*)e 2507/2300 Citra taya *****1 M02 alongside 25 07/2300 Garuda G09 M04 alongside 24 07/2300 Irrawaddy 02/91 M03 alongside 2407/2359 Mekong
        736 words
      • 233 45 Johore Port Berth: 1: Jotao H; 2: Tung Long; 3: Da Jin Chuan; 4 Sergey lemeshev. 5: Lika No 1; 6: Lennon. OI jetty: Bakri Navigator. Santi. DCJ: Kyoiei Maru No 1, Silver Pride Due on July 24: Suci. Coral Gas. Brasiliana, Tozan. Kota Mesra, Uni Moral
        233 words
      • 845 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From An Fremantte ***** 25/1300 1 24/1500 24/1659 24/1900 Anro Aust ***** 25/1400 1 24/1500 24/1659 24/1900 Arosia 277 26/0400 2 24/1700 25/0659 25/0900 3 25/0700 25/1159 25/1400 B Angsana
        845 words
    • 499 46 UPI DETROIT General Motors Corp and Ford Motor Co announced on Monday four separate recalls covering nearly 313,000 cars and light trucks to repair a wide range of defects, including one that may have caused six injuries and one fatality. I he largest CiM recall
      UPI  -  499 words
    • 341 46 Australia's worst oil spill AP SYDNEY Australia's worst oil spill has largely dissipated before it reached shore, ending the threat of a major environmental disaster. officials said yesterday. l he slick of light crude from the crippled Greek tanker Kirki had been moving towards the Eishcrmen's Islands
      AP  -  341 words
    • 486 46 NYT TOKYO The Japan Automobile Manufacturers Association Inc (JAMA) has begun a campaign touting its efforts to procure US auto parts and promoting Japanese car retail sales systems. The campaign is timed to coincide with the scheduled July 23-24 Japan-US government talks aimed at
      NYT  -  486 words
    • 470 46 AP NEW YORK The irony of a nearly broke airline trying to buy a bankrupt one inspired both scepticism and hope in TWA's creditors on Tuesday as they mulled Carl Icahn's daring ofler to buy much of Pan Am Corp. Some view
      AP  -  470 words
  • Page 29 Advertisements
    • 29 29 Lines and services represented by Mem- /mmJ bers of the Registry of Accredited Shipping,'sff/SM v Agents, Singapore National Shipping Association. For advertising enquiries, contm I Shipping limes Tel 740-2(Wi/740-2tm
      29 words
    • 299 29 S| I SWEEHENG METAL CO PTE LTD No 13. Tuas Avenue 14, SPORE 2263 FAX: 861-2946 TEL 861-5855 (5 LUES) U SoteApen)' TLX RS ***** SHMCPIiMKm BHjB Equipment Industrial Maintenance Equipment Also buy .sell rental repair The Straits Times Weekly Overseas Editioa A crisp summary of happenings in Singapore. Politics,
      299 words
    • 53 29 Air Forwarders 15 Air Frwght Schedule 16 Cocfcett Report 2 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily 2 Index to Advertisers 1 Port Conditions 16 Shipping Agents If Shipping Guide 10.11 Shipsales/Tanker Rates If Ships in Port li Singapore Tides li Transport Diary 3 Weather and
      53 words

  • Page 30 Advertisements
    • 7 30 Enterprise Management in Business Times every Monday
      7 words
    • 65 30 NOTICE NOTICK M.V "KIM) MARI" ARRB SIMiAPORK IS. If I Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a general survey will be held on the 26th July 1991 (Friday) Paslr Panjang at PtlO 0900 1200 hours. No further survey will be entertained thereafter Agents:
      65 words

  • Page 31 Advertisements
    • 2470 31 H OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES %l|f## TEL *****11 FAX *****09 All IWW BOOKINGS TEL *****34 *****68 VfnTlVI W lERMINAL/CFS TEL *****18-220 T CQQCQ r J PESAKA JAROINE SHIPPING AGENCIES SON. BHD A PORT KELANG TEL *****18 FAX *****91/*****88 PENANGTEL *****4 FAX *****1 CFS lEI *****6 Dedicated to
      2,470 words
    • 2160 31 TRANSPORT DIARY Auk 8 (12.15pm): Luncheon Talk by Mr Frederick Isao. Managing Director of International Maritime Carriers Group of Companies Organised by The Institute of Chartered Shipbrokers (Singapore Branch) at World Trade Centre Club. For further information, tel: 227-7990. 225-7388 or fa*: 225-7638. Aug 13-14: Seminar on Shipping and Air
      2,160 words
    • 1668 31 TWITSAILINGS PER WEEK TO INTRA ASIA SINGAPORE/YOKOHAMA 9 DAYS SINGAPORE/NAGOYA 10 DAYS Venal Voy ETA I ETD 'Port *Henang SmoaDof* Kl.no DESTINATIONS Singapore Keiang This week Ma)eet>c Maartk 9'oB fe««i si/; oaoo HRS p>nto CFS 30/7 2358 MRS OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC MON TOR
      1,668 words

  • Page 32 Advertisements
    • 1150 32 Irottedam/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE TOKIO EXPRESS 01/129 25 7 15/8 13/8 KAMAKURA 18/329 28/7 14/8 16'8 19/8 20/8 KASUGA 16/130 1/8 24/8 20/8 19/8 t All WJTSOONO l». ELBE 06/131 8/8 31/8 27/8 26'8 WUjj AlWßil C**Co LEVERKUSEN EXPRESS 02/331 11/8 28/8 30/8 2/9
      1,150 words
    • 690 32 SEASPAC SERVICE DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT L J BONTANG 2404E8 1/8 16/8 19/8 24/8 ALSO ACCEPTING CARGO VIA SUVA 10 LAUTOKA. PAGO PAGO. APIA t NUKUAIOAFA DIRECT CHILE/ SOUTH AMERICAN SERVICE SIN lOQ ANF VAP CLX STO (PERU) L. J BONTANG 2404E8 1/8 7/9 8/9 13/9
      690 words
    • 1611 32 I &MM& HHtaflHl REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSI/VOY SIN ALG BCL HAM BRE ROT ANT Fa LHA (VIA (VIA (VIA ALG) HAM) ROT) ARABIAN SEA 120W 30/07 22/08 23/08 26/08 27/08 28/08 29/08 30/08 31/08 NORASIA SUN 9121-3 03/08 25/08 27/08 29/08 30/08 31/08 01/09 02/09
      1,611 words

  • Page 33 Advertisements
    • 2200 33 SggSteamers Maritime Holdings Ltd P&O fITIV STRAITS SHIPPING ■KfL Stow** to Bpvmi, East Malaysia. Containers MLJm Voy No N«/ +PW S port W| Sou Ant Rot Hbf lEXA MAERSK 9110 20/87 22/07 25/07 0«,04 11/00 12/00 14/00 ACCEPTS DUE SA*S TAME BAT DM? 20/0 7 22/07 27/07 1J Ot 15
      2,200 words
    • 2268 33 TO: U.S.AJPANAMA FM: U.S.A./PANAMA mai wr jf gig to cm roe mi no* htc w«l hot ntc w cm l« oak 9 GUF SMI I IFI7O 11/1 ?l/| u/t I/O 1/9 0/0 10/» EUOOffAN SfIMTOR NAI2J 12/« 14/0 IC/C *1/4 30/0 1/7 29/1 CHOYANG SUCCtSS EFIJO 1/0 71/1 JO/I 0,0
      2,268 words
    • 363 33 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR TOKYO COSMIC PIONEER Vl5 ETA SPORE 3/8/91 ETA PK 6/8/91 ETA TOKYO 18/8/91 LOADING FOR YOKOHAMA/OSAKA COSMIC MASTER VI ETA SPORE 7/8/91 ETA PK 9/8/91 ETA YOKOHAMA 20/8/91 ETA OSAKA 22/8/91 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime
      363 words

  • Page 34 Advertisements
    • 561 34 CR NBR **********0 D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE lAI VOT SPOSE ROAM ADAM HBURG BREMEN ANTWERP *IW)M 3:»ffl 5/1 7/9 13/9 17/9 20/9 KUTAI 23N8 1/9 4/10 13/10 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sub|«ct lo Inducement Also icciplinf cargo to CaMblanca. Port Said. Port Alaiandrla
      561 words
    • 1131 34 I II i$L M 09 HANJIN SHIPPING ISperellEH RTM ANR HAM BRV FEL FEEDER VSL SIN LINE HAUL IGB OAK HANJIN TOMGHAE 082*1 28/7 15/8 16/8 17/8 17/8 19/8 20/8 HANHN HONGKONG 030E 26/7 DIRECT 12/8 15/8 HANIIN FELIXSTOWE 008W b,B 22/8 23/8 24/8 24/8 26/8 27/8 HANJH ROTTERDAM 015E
      1,131 words
    • 1299 34 1^ f 1H "TH 1 "T^TT^fc I m strwcKxnGnsMTisnfKrrouucicui wcuw wMiwnr tacrscam I tountfou 24/7 lift 30/7 31/7 2/1 S/l 7/1 I/I 10/1 U/l 12/1 22/1 3/0 5/0 i/0 15/0 l«/» 17/J 10/7 21/7 7/10 11/10 EIOWHGK47I 31/7 1/1 t/l 7/0 0/1 U/l U/l 11/1 17/1 U/l 10/1 20/1 10/0
      1,299 words

  • Page 35 Advertisements
    • 1898 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) VT BOOKINGS NEPTUNELINK TEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 mS AUST/INDIA/PAK SERVICE :*****18 CFS K27 EXPORT *****53/*****04 i yiMl FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 MM M W NEPLINE SDN
      1,898 words
    • 1114 35 W SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOtfC—OtSCHAftGWG WCSTBOUC-COADW6 THANSHFTED VW ROTTERDAM hshis voy |m« [~S«6 voy
      1,114 words

  • Page 36 Advertisements
    • 1535 36 f AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) ■A W W TEL: *****77 TELEX KAWAKIRS23I6S FAX *****79 I |m| M MALAYSIA "K" UNE MARITIME (MALAYSIA) SDN BHD M rn JL JL TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA, LTD INDONESIA: P.T. SARANA
      1,535 words
    • 1127 36 I PHIU-OmCNT UNCS PTC LTD s 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Telex: RS ***** PHIU FAX: *****76/*****34 by air, land or 5ea..... WE TAKE ON THE WORLD FOR YOU jg* crfi MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 27 JUL DUBAI, DAMMAN. SHARJAH. DOHA. 30 JUL
      1,127 words

  • Page 37 Advertisements
    • 1503 37 PACIFIC INTERNATIONAL LINES (PTE) LTD m J PIL Building, 140 Cecil Street #03-00, Singapore 0106. JAK ARTA [BANGKOK VIBBIL VOV SIN JKT SIN VISSIL VOY BIN BKK UN 00WA 8110 M/ 7 JO/7 KOTA PANJANO 0123 28/7 JB/7 j/i BUNOA TIRATAI 303 M/ 7 30/7 4/8 J" 27/7 30/7 3/1
      1,503 words
    • 1082 37 >/ BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 I Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT 1 t VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN i Aiaa* 2fB in_Pt 9/8 10/8 11/8 13/6 j
      1,082 words
    • 417 37 ytrnm MYANMA P& FIVE STAR UNE (Myanmar National Una) Loading lor Yangon (Rangoon) S'pora P.KIf Pan P Gd| MYOMA YWA YIJOW In Pt SAGAING V24W In Pt PINY* VIISM JM In Pt PAGAN VI72W 27/21 Jul THE BANK UNI (A Mrvlct of Andrew W«lr Shipping) r SEMI-CONTAINER SERVICE \1 HEAVY
      417 words



  • Page 40 Advertisements
    • 711 40 TO AUSTRALIA/NEW ZEALAND \tmm |U*lb Syd I Auck I NK If CHALM mmtw i j75 u/» 7i7i~ «7i~ TiTi lo7?~ ITi mw wm in «7i r75 57?~ ToTi isTi TTTi Ti7s kumh 2" i/i u/i zoTT" liTi ziTi TTTo C VDKKMI 271 21/1 jTIo" 7/10 11/10 TsTTo TO USA/CANADA VII
      711 words
    • 803 40 EXPORTS TO HONGKONG. TAINAN I JAPAN "TWICE MEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNO )KT SIN HKG KAO WEE TYO SM2 NOP KOB II VESSEL VOY [SIN [PKL PNG BLW MW~~| TSK MELOOY 21 27/7 "22.1 26 7 21 II 71 II TSK MILOOY 21 21 7 27
      803 words
    • 193 40 plrus'aTTa an pela~y~a~ra!^ i\m KALIMANTAN r DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Vessel ETA/ETD DESTINATION I NIAGA XXI Voy 16/91 24/25 Jul Jakarta Palembanj I NIAGA XXH Voy 17/91 29/30 Jul Jakarta/Paletnbanf l NIAGA 42 Voy 12/91 2/3 Au t Jakarta/Palembani NIAGA XXI Voy 17/91 5/6 Auj Jakarta Palemban£ j
      193 words
    • 1591 40 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER UNER SERVICE MALAYSIA! AGENTS: SINGAPORE'S GENERAL AGENTS Mm* AGENTS CHUNG CHIAO SHIPPING SON BHD COSTAR SHIPPING PTE LTD PT GLOBAL Pl Kl IE: *****11/17 FAX: *****92. ***** *****00/*****33 INDONESIA MARITIME P KLANG TIL *****06 I TLX :«U »503 *T TEL: <021)3«1«37. 3«17M PENANG TEL
      1,591 words

  • Page 41 Advertisements
    • 658 41 GUARANTEED CONSOL TO:KEELUNG/KAOHSIUNG 28.7.91 HONG KONG 30.7.91 BUSAN 30.7.91 BANGKOK 27.7.91 EUROPE 28.7.91 TOKYO/KOBE/YOKOHAMA 28.7.91 USA 29.7.91 AUCKLAND 9.8.91 FREMANTLE 31.7.91 SYDNEY/MELBOURNE 30.7.91 FOR BOOKING PLEASE CALL AT OUR HOTLINE 538-0155 (8 LINES) FAX: *****92 PLEASE CONTACT CAINE TAN, KATHLYN TAV, SOPHIA BAY OH KAREN SIM FAST DRECT REGULAR SERVICE
      658 words
    • 395 41 (S3 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) m FAX: *****15/*****03 |XJ i TELEX: RS ***** RISHIP (3 Lines) r&A ETHIOPIAN SHIPPING LINES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA I LOADING FOR SPORE ANOINET 24W8 23/08 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA
      395 words
    • 1637 41 seaward shipping and HfTfgngSHßffiHnlnHffinlHßlllHl^^H trading co (S) pte ltd HssfisiSMliHMiflilfiiiiiHiM SYDNEY/MELBOURNE BANGKOK SPORE Poil KELANG ttNANG i*** 1 i,**. 1,1 JSSS: *2! WHMM, ,m MMKOK BLUE lADE 15'8 1251 MO/« 22-29/1 26-28/8 ,W»H* BHUM# <7W Sat 21/1 Tut 38/7 load.ng (o. Male m» BHUM 1307 20-21/1 02-04/4 K.Ol/4 ICHWT* BHUM#*
      1,637 words

  • Page 42 Advertisements
    • 1192 42 MAC-NELS S'PORE IMPORT: *****02 I PENANG: (04) $***** J. BAHRU: (07) *****2 KK: (088) *****0 MEDAN: (061)*****2 P KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 UK/SCAMMED PORTS iSiO£OMBQ/S. AFRICA pEN pK $|N PEN PK SIN Colombo 26/7 27/7 28/7 1/8 2/8 3/8 Ldn/Fli/Rdm/Ant Durban/Pt Louis 27/7
      1,192 words
    • 397 42 blue star line TO FROM f NEW ZEALAND AND T/S TO FIJI TOAND FROM NEW ZEALAND PORTS SIN NPt *Kl ITT SIN MANOAMA 0600 26/7 5/1 VIA NPL 7/« 22/1 MUTBERA 22S VIA NPL 23/8 9/9 MAKSURI 0502 27/t 8/9 V* I®/' 27/9 FULLY CONTAINERISED SAILINGS DISCHARGING AT NEW PLYMOUTH
      397 words
    • 1199 42 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAO #15 00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL IVOY In* [BEST VESSEL VOT SPOtE P.
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  • Page 44 Advertisements
    • 6 44 Read Chartpoint in BT every Saturday
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  • Page 45 Advertisements
    • 112 45 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with 1 I management, management concepts in practice, /v I S] profiles of leading managers in Singapore and J I relevant book reviews. ENTERPRISE MANAGEMENT, in Business ]l 9 Times every Monday, is must reading for S —=7
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  • Page 45 Miscellaneous
    • 315 45 M TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 (MOO 0900 *****100 1200 1300 1400 *****600 *****100 1900 2000 2100 2200 2300 JR 2 3 19 14 10 0 7 06 06 0 7 1.1 15 19 2.1 21 19 16 13 1.1 1
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  • Page 46 Advertisements
    • 867 46 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. eastbound feeder to pacific south-west to pacific north-west VOT IHR PKE SIN LINE HAUL VQT LBH OAK SfA Lit HAH WT TCM/gA PTL MMG CHUN 128 21/07 29/07 02/08 H. PIONEER 421 26/08 29 01 0109 TOWER BRIDGE 70E
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    • 489 46 CHARTPOINT Every Saturday in Business Times Cftdr ban »•< m mm »•> IM 0* H«l 0* C* TC OUR USA Sibi 71S TTT uowm ***** TTT 7TT TTT TTT TTT 7H~ 7TT TtT ALLS m 9HUM V 50IH II 7 AtL&ATOH GIORT i ***** 31 1-7 I II 121t*****8221 22
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