The Business Times, 2 August 1991

Microfilm: NL17607
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Friday, August 2, 1991 75*
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  • NEWS SUMMARY
    • Article
      US first-time jobless claims fall
      46 1 WASHINGTON New applications for unemployment insurance benefits fell to a seasonally adjusted 404,000 in the week ended July 20, a decrease of 21,000 from the prior week. The figure for the previous week was unchanged at 425,000, the Labour Department said.
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    • Article
      HK BCCI depositors join hands
      36 1 HONGKONG Depositors with the Hongkong subsidiary of the Bank of Credit and Commerce International said they have formed a company to seek a buyer to save the local bank from liquidation.
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    • Article
      Eutech to sign pact
      46 1 EUTECH Cybernetics, a Singapore company that develops testing equipment and process control software, is to sign an agreement with a US Public Health Service body in October. The deal is expected to open the doors to sales worth US$lOO million Page 2
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    • Article
      Raising $25m
      30 1 THE Singapore International Foundation, a non-profit organisation which was incorporated yesterday, will soon kick off its fund-raising drive to raise $25 million from the private sector Page 2
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    • Article
      Cooling Indon demand
      41 1 PRICE rises recently introduced in Indonesia are expected to cool domestic demand in the economy. The move, however, may also signal the failure of the Indonesian government's hopes of restraining the inflation rate below dou-ble-digit figures Page 8
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    • Article
      Office glut in KL?
      25 1 THERE'S concern in the market that the completion of the Turf Club project will depress Kuala Lumpur office market. Page 8
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    • Article
      EC's hand in mergers
      27 1 THE European Community has hinted that the EC mergers law will be increasingly used to prevent market dominance by "national champions". Page 9
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    • Article
      Life and art of Brando
      31 1 BRANDO: A Life in Our Times by Richard Schickel is a cross between biography and criticism so rich that it is hard to summarise Page 15
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    • Article
      More containers
      37 1 MAJOR container operators on the eastbound trade from Asia to North America have agreed to increase box capacity offered to customers as a result of growing confidence in the US economy Shipping Times Page I
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  • MARKETS SUMMARY
    • Article
      Dow up
      35 1 NEW YORK The stock market inched higher yesterday as interest rates turned upward. The Dow Jones average of 30 industrials went up 0.9 point to 3,025.72 in the first hour of trading. AP
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    • Article
      Footsie higher
      38 1 SHARES were slightly higher at midday yesterday as investors focused on selective stocks. At about 1200 GMT, the FTSE 100-share index was up 1.6 points, or 0.06 per cent, at 2,590.4. Volume was 289.8 million shares.
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    • Article
      Hind's extension
      42 1 HIND Hotels International plans to invest $10 million in a three-storey extention to be completed in 1993. It also has plans to take equity stakes in at least two hotels in the region over the next three years Page 3
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    • Article
      Hong Fok on Winfoong
      26 1 HONG FOK is ensuring that newly-acquired Winfoong Investment Ltd will remain a listed company on the Stock Exchange of Hongkong. Page 3
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    • Article
      Failed bank's lending
      38 1 FAILED Melbourne-based merchant bank Tricontinental has lent a Singapore investor A 513.2 million even though his company had already defaulted on an earlier Asl.s million loan, a Royal Commission was told in Melbourne. Page 4
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 714.84 -0.26 Kuala Lumpur ....600.75 -1.57 Tokyo 24,072.73 -48.02 Hongkong 4.030.01 +20.43 Sydney 1577.7 +5.4 Wednesday Change New York 3024.82 +8.5 London 2,588.8 -6.8
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    • Article
      CURRENCIES
      22 1 Ejtduf rates USS S$ 1.7410 100 Yen SS 1.2685 MS SS 0.6249 Money market rates Overnight 4 -3/4 3-month 5-1/2% -1/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix USS364.30 +USS0.70 Rubber S'poreSep l43.50*/kg -0.25 M'sia Sep 227.00*/kg unch KL Tin Turnover 24 tonnes -11 Spot MS 15.43/kg -3 Crude palm oN Turnover 1,736 lots -897 Aug MS873 /tonne unch
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  • Article, Illustration
    GE plastics arm shelves US$400m S'pore project
    527 1  -  By Genevieve Cua GE PLASTICS, the plastics arm of American conglomerate General Electric, is delaying its US$4OO million (***** million) engineering plastics project in Singapore indefinitely. Holding GE Plastics back is the reduced demand worldwide from its biggest customers the automotive and computer
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  • Article
    Banks to be given details of missing identity cards
    572 1  -  Move to check rise in fraudulent bank accounts By S N Vasuki THE National Registration Office (NRO) has agreed to provide the Association of Banks in Singapore (ABS) with details of identity cards (ICs) reported stolen or lost as well as
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  • Article
    Khamis meets deadline for Sentosa plans re-submission
    309 1  -  By Sangeeta Mulchand KHAMIS HOLDINGS has met Sentosa Development Corporation's (SDC) endJuly deadline, sending in its revised building schedules at 7pm on Wednesday. Proposals from the company controlled by Moroccan businessman Elyamani Khamis include an extension of the completion deadlines for the company's
    309 words
  • Article, Illustration
    EDB pays tribute to Dr Goh
    67 1 THE Economic Development Board's 30th anniversary dinner yesterday marked the closing of a circle for Dr Goh Keng Swee. As the mind behind the EDB and Singapore's successful industrialisation, he was paid the ultimate tribute when Patrick Yeoh, President of the EDB Society, presented
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  • Article
    Lock icon Politicians linked to Japanese scandal
    149 1 Agencies TOKYO Evidence emerged of a link between the massive brokerage scandal and politicians yesterday when a securities company said it paid compensation for stock losses to a company headed by the son of a powerful lawmaker. About US$l.3 billion (552.28 billion) in such payments
    Agencies  -  149 words
  • Article
    Lock icon Indonesian press warned not to stir up racism
    332 1 Reuter JAKARTA Indonesia's senior parliamentarian, in a clear reference to the growing debate over the country's wealthy ethnic Chinese minority, has urged the press not to stir up racial problems. The issue could lead to racial violence unless government leaders check the
    Reuter  -  332 words
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      236 1 QuHmark) TEL: 268 6688 Aircraft Schedule 25 Money Market 23 Weather 25 CommodAes 24 Regional Co News 4 World News 9 Cryptic Crossword 25 Aegonal News 8 Editorial 10 Regional Stock Markets 21 For market indices, edrtonal. Froncal News 7 SES 16, 17 advertising and circulation exFutures Options 23 Share
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      Page 1 Advertisements Column 2
      84 1 Compact A3-form«t Copter. MWOUA I i I See Back Page Interest rate cut unlikely, Pg 23 wm WM Join us at the top Enjoy the best Beijing cuisines specialty prepared by our master chef. All yours to savour, amidst the grand HH 57-: panorama of the city and southern islands,
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Dr Yeo Ning Hong in Indonesia for visit
        74 2 DR YEO NING HONG, the Minister for Defence, will be visiting Indonesia from today till Aug 4. The three-day official visit is Dr Yeo's first to Indonesia as Defence Minister. Dr Yeo is visiting the country at the invitation of Indonesia's Minister
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      • Article, Illustration
        Sparkling Kuchinta
        132 2 KUCHINTA, Singapore's feline mascot, is now immortalised in a new line of jewellery by S*Pore. The range featuring brooches and pendants will be launched at the Singapore International Jewellery and Watch Fair '91 which starts today. S*Pore International, the Trade Development Board's marketing arm for S*Pore jewellery, plans
        132 words
      • Article
        Air combat range in Sumatra
        140 2 THE Singapore and Indonesian armed forces will sign an agreement to develop a joint air combat range in Sumatra. Commander-in-Chief of the Indonesian Armed Forces, General Try Sutrisno and the Chief of Defence Force of the Singapore Armed Forces, Lieutenant-General Winston Choo, are expected to
        140 words
      • Article
        S'pore Poly grads earning more
        76 2 SINGAPORE Polytechnic's graduates this year are enjoying higher starting salaries than those who graduated last year. According to an annual graduate employment survey, the gross mean monthly salary this year was $987, compared to $957 last year. Commanding the highest pay packets are engineering graduates.
        76 words
    • Article, Illustration
      Eutech Cybernetics makes inroads into US market
      358 2  -  Agreement may lead to USsloom in sales By Joseph Rajendran EUTECH Cybernetics is to sign an agreement with a US Public Health Service body in October that could open the doors to sales worth US$lOO million. Eutech is a Singapore company that develops
      358 words
    • Article
      Wages, productivity and the employment trap
      345 2  -  By Kenneth James KEEPING growth of infla-tion-adjusted real wages at or below that of productivity could result in employment accelerating sharply to unacceptable levels, suggests a policy study based on an econometric model of the Singapore economy. The model, developed by the Econometric Studies
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    • Article, Illustration
      SIF plans to raise $25m from private sector
      417 2  -  By CHuang Peck Ming THE Singapore International Foundation, incorporated yesterday, will soon kick off its fund-raising drive to raise $25 million from the private sector. It hopes to achieve its target in the next two to three years, SIF director Professor Chan
      417 words
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      Page 2 Advertisements Column 1
      70 2 19 9 1 SUPEKIOTS CHALLENGE Singapore Indoor Stadium September 27 28,1991 BSL CHANG EDBERG IM)L SAMPRAS Hospitality Packages I Souvenir Program Advertising I Group Bookings Various Sponsorship Packages I Corporate Packages include: reserved courtside seating reserved car parking free copies of souvenir program free souvenir t-shirt invitation to Supertennis Challenge
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      Page 2 Advertisements Column 2
      260 2 FBH TAMf BOOM &tfl> EAK MJT ty, »NASI OOWSWO •IAUSA HQIAK CfIAM 7MJ KWAY *OU* UWAY TO*¥ t jfIMT-g 1 I I /S\ Pi BOULE*2° H rEL A 1 I r (P^ B^T 3.25 I ii c i-, i 6 vi 3.75 > fc£EF <A \5.25 S fe TL '>5
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  • COMPANY NEWS 1
    • Article, Illustration
      Hind plans extension, eyes stakes in regional hotels
      415 3  -  By Sangeeta Mulchand LISTED Hind Hotels International, whose main asset is the Imperial Hotel along River Valley Road, plans to invest $10 million in a three-storey extention to be completed in 1993. Hind Hotels also has plans to take equity stakes in
      415 words
    • Article
      Lock icon Telekom to call tenders for rural system
      369 3 Bernama KUCHING Syarikat Telekom Malaysia Bhd, in its bid to enhance the country's rural telecommunication services, will be calling for a tender to develop a rural telephone system early next year, its executive chairman Tan Sri Dr Mohamad Rashdan Haji Baba said. The
      Bernama  -  369 words
    • Article
      Hong Fok to ensure Winfoong remains listed
      238 3 HONG Fok has taken steps to ensure that newly-acquired Winfoong Investment Ltd, formerly called LET Pacific, will remain a listed company on the Stock Exchange of Hong Kong. The company said yesterday that its 75-per centowned subsidiary, HFL International, has entered into a
      238 words
    • Article
      Lock icon Chew Piau moves closer to listing
      255 3 MBT KUALA LUMPUR Con-struction-based Chew Piau will issue its prospectus in mid-August and make its debut on the Kuala Lumpur second board in September. The company took one more step towards its listing when it signed an underwriting agreement yesterday with Commerce International Merchant
      MBT  -  255 words
    • Article
      Cebu Shipyard's record high revenue
      195 3 UNDERPINNED by higher contributions from repairing foreign ships, Cebu Shipyard and Engineering Works has notched up sharply higher turnover and profits for the first half of this year. The shipyard, a member of the locally-listed Keppel group, saw shiprepair revenue increase 20 per cent to
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    • Article
      Lock icon Cool start for Apex on KLSE
      207 3 MBT KUALA LUMPUR Apex Equity Holdings made a lacklustre debut on the Kuala Lumpur Stock Exchange yesterday following the softer sentiment on the local bourse. It closed at M 52.50 for a premium of 25 sen over its offer price of $2.25, on a
      MBT  -  207 words
    • Article
      Lock icon Southern Acids to diversify
      295 3 MBT KUALA LUMPUR Southern Acids (M) is planning to embark on a multi-million-ringgit diversification drive in an effort to widen its earnings base. Chairman and managing director Datuk Low Mong Hua said the horizontal diversification project is expected to take off early next year. However, he
      MBT  -  295 words
    • Article, Illustration
      S'pore Aerospace offers daily joy rides over city
      328 3  -  By Dexter Lee IN A BID to boost its littleknown helicopter charter operations, Singapore Aerospace has started offering scheduled daily flights over the Singapore skyline. The idea, said Singapore Aerospace officials yesterday, was mooted after the company found that its pair of
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    • COMPANY BRIEFS
      • Article
        Malayawata group profits jump 64pc
        62 3 KUALA LUMPUR Malayawata Steel Bhd yesterday reported that group pre-tax profit for the year ended March 31 jumped 64 per cent to M 551.07 million from a year earlier, while group turnover rose 35 per cent to M 5362.41 million. The group has recommended a
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      • Article
        Sateras buys property company
        65 3 SATERAS Resources (M) Bhd announced its takeover of property-based MK Associates Sdn Bhd in a Msl36 million deal through a share swap. Sateras has entered into a conditional sale and purchase agreement to acquire MK's entire issued and paid-up capital of 20,000,020 shares of M$ 1
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      • Article
        SBS appoints new directors
        64 3 SINGAPORE Bus Service has appointed Oo Soon Hee and Dr Tan Kok Kheng as directors of the company effective yesterday. Mr Oo is currently the group general manager of Nat Steel Ltd, and Dr Tan is the senior lecturer in the Department of Biochemistry in the
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      • Article
        Sesdaq Fund sells Amtek shares
        57 3 THE SINGAPORE Sesdaq Fund sold another 250,000 shares in Amtek engineering yesterday, valued at $356,050. The fund now holds 5.57 per cent of Amtek's paid-up capital or 4.74 million Amtek shares, down from 5.87 per cent before the sale. None of Amtek's directors have any
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      • Article
        Sunshine Allied clarifies
        58 3 SUNSHINE Allied Investments has clarified that the company's notification of substantial shareholding by Bermuda Trust (Far East) was incorrect. Bermuda Trust had said that the shares were bought on behalf of a client Sopagri SA. Sopagri paid $29,304 for six million shares, increasing its interest in Sunshine
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      • Article
        Corrections and clarifications
        84 3 IN OUR report yesterday titled "Market value of M Credit properties falls $167 m", we said Malayan Credit's Ardmore Park was valued on March 31 at $335 million and 78 Shenton Way at $370 million. In fact, Ardmore Park was valued at $370 million, pricing each of
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    • Article
      Failed bank said to have lent S'porean A$13.2m
      656 4  -  He played the Aussie market days before '87 crash, Commission told From Geoffrey Harris in MELBOURNE A SINGAPORE investor was lent AS 13.2 million (SS 17.82 million) to play the Australian stock market days before the 1987 crash, and after his company
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    • Article, Illustration
      Bangkok and CP group compromise on phone contract
      527 4 BANGKOK After months of delay, the Thai government and the Charoen Pokphand group have reached a compromise on the contract for the controversial 70 billion baht (554.69 billion) phone expansion project. The Bangkok Post reported on Wednesday that the contract is to
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    • COMPANY BRIEFS
      • Article
        GFW unit sells factory to Southern Cross
        77 4 SYDNEY Goodman Fielder Wattie Ltd said its whollyowned unit White Wings Foods Ltd has sold its nut processing factory in Sydney to Southern Cross Foods. It also relinquished certain brand names associated with nut and snack food products and licensed Southern Cross, a
        77 words
      • Article
        Siam Cement's dividend
        87 4 BANGKOK Construction materials giant The Siam Cement Co Ltd proposed a 9 baht (550.60 first half interim dividend, unchanged on a year ago, payable on August 30, to shareholders registered by August 16. Siam Cement and its subsidiaries in 1990 recorded a net profit of 5,354 million
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      • Article
        Citra Tubindo's cash dividend
        81 4 BATAM Citra Tubindo, a seamless pipe processing company 34 per cent owned by the public, will soon distribute a cash dividend of 320 rupiahs per share to its shareholders, says the president of the firm. Mr Dali Sofari said after the annual shareholders' meeting that the
        81 words
      • Article
        October London listing for ANA
        50 4 TOKYO All Nippon Airways Co Ltd said it would list its shares on the London Stock Exchange from early October. The move is to increase the number of foreign investors in the company and to expand business opportunities in Europe, Japan's second largest airline said.
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    • Article
      Morgan Grenfell's HK affiliate finalising Manila's NSC offer
      393 4  -  From Al O Labita Jr in MANILA THE Hongkong affiliate of Morgan Grenfell Asia is now putting the final touches on the stock market offering of the state-owned National Steel Corp (NSC). The valuation of NSC's assets is being worked out to
      393 words
    • Article
      Lock icon Carter Holt Harvey predicts lower net profit
      291 4 Reuter AUCKLAND Carter Holt Harvey Ltd predicts its net profit will fall to NZ$lB2.B million (*****.8 million) in the year to March 31, 1992, from NZ5200.9 million in 1990/91, according to a prospectus outlining CHH's one-for-three rights issue. Executive chairman Richard Carter, in
      Reuter  -  291 words
    • Article
      HII delays public offering
      258 4 Indon hotel chain finds market not conducive JAKARTA Indonesian state-owned hotel chain, PT Hotel Indonesia International (HII), has delayed its plan to make a public share offering, the Jakarta Post reported on Wednesday. Mr Wim Tambayong, president of the hotel chain which operates 10 hotels in
      258 words
    • Article
      Lock icon Bechtel wins PNG oil contract
      291 4 US$ 150 m deal to develop Kutubu operation UPI HOUSTON South Pacific Chevron Co on Wednesday announced a three-year contract worth more than US$l5O million (SS26I million) to Bechtel Australia Pty Ltd for the development of its Kutubu oil production operation in Papua New Guinea.
      UPI  -  291 words
    • COMPANY BRIEFS
      • Article
        Whirlpool acquires European facility
        73 6 BENTON HARBOR, Michigan Whirlpool Corp said on Wednesday it has completed its US$6OO million (551.05 billion) acquisition of Philips Electronics NV's remaining stake in Whirlpool International BV, the two companies' European joint venture. The two firms said last month that Whirlpool would purchase Philips' 47 per
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      • Article
        GM unit raises SD-Scicon offer
        87 6 LONDON General Motors Corp subsidiary EDS Electronic Data Systems (City) Ltd said it had raised its offer for SD-Scicon pic to a final 60p per share, valueing the computer software group at £162 million (*****.5 million). It said in a statement it already owned 25
        87 words
      • Article
        Kodak deal will help cash flow
        94 6 ROCHESTER, New York Eastman Kodak Co said its previously announced US$925 million (551.62 billion) settlement with Polaroid Corp, charged against 1990 earnings, will enhance Kodak's cash flow by reducing taxes in 1991 and future years. Earlier, the company reported second quarter earnings of US$l.lO
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      • Article
        EC approves takeover by BP
        72 6 BRUSSELS The European Commission said it approved an acquisition by British Petroleum Co pic, one of the world's leading oil refining companies, of Spanish refiner Petroleos del Mediterraneo SA (Petromed). It said the takeover would allow BP to get a foothold in the Spanish oil
        72 words
      • Article
        Tenneco sees difficult economy
        75 6 HOUSTON, Texas Tenneco Inc said despite forecasts suggesting that the recession may be ending, it expects difficult business conditions to continue. The company earlier reported a second quarter net loss of US$l4 million (5524.5 million), compared with a year-earlier profit of $206 million, on revenues of
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      • Article
        UK's Lionheart to buy Croydex
        61 6 LONDON Industrial holdings company Lionheart pic said it is to acquire bathroom fittings and household products group Croydex from Hanson pic for £7.7 million (5522.8 million). The deal will be funded by the issue of 45.8 million shares at 19p each. In 1990, Croydex made
        61 words
    • Article, Illustration
      Lock icon SmithKline Beecham posts 17pc second quarter increase
      225 6 Reuter LONDON SmithKline Beecham pic, announcing a 17 per cent rise in second quarter pre-tax profit, said at constant exchange rates, pretax profit would have risen by 22 per cent. Pre-tax profit rose to £230 million (*****.8 million) in the quarter from £197
      Reuter  -  225 words
    • Article
      Lock icon Trump Castle restructure needs 3-way pact
      327 6 Reuter ATLANTIC CITY The New Jersey Casino Control Commission said Trump Castle bondholders and Midlantic National Bank must have a binding agreement on the casino's restructuring by noon on Friday. Midlantic is a unit of Midlantic Corp. The bondholders have already reached an agreement
      Reuter  -  327 words
    • Article
      Lock icon Sweden's Wallenberg empire stronger
      502 6 Reuter STOCKHOLM Sweden's powerful Wallenberg family business empire, which showed signs of weakness last year, has shored up its defences, share analysts say. "Nine months ago, the Wallenberg empire was cracking. Its share holdings lost in value and it was heavily indebted. Now it is in
      Reuter  -  502 words
    • Article
      Lock icon USX sees a profit in fourth quarter
      357 6 Reuter PITTSBURGH, Pennyslvania USX Corp Chairman Charles Corry said the company's steel business could post a profit for the fourth quarter of 1991, if orders stay at least at current levels and if prices do not fall farther. "If the order rate continues
      Reuter  -  357 words
    • Article
      Lock icon Deal-making goes on even as recession stiff hits mergers
      636 6 Alliances made to gain entry into foreign markets Reuter NEW YORK While recession and a credit crunch have squeezed the merger and acquisition business since its most recent heyday in the 1980s, industry consolidation and companies' need to enter foreign markets
      Reuter  -  636 words
    • Article
      Lock icon Two Spanish building giants to buy 21pc stake in UK's Lilley
      390 6 UPI LONDON British construction group Lilley announced on Wednesday that two of Spain's largest building firms are to take a joint 21.S per cent stake in the company for £24 million (Ss7l million). In the tie-up with the Spanish
      UPI  -  390 words
    • Article, Illustration
      Lock icon UK administrators to have access to Polly Peck's books
      292 6 Reuter NICOSIA British administrators probing the affairs of collapsed conglomerate Polly Peck International pic are to be given full access to the company's books in north Cyprus, the company said. A Polly Peck official said London accountants Binder Hamlyn had already
      Reuter  -  292 words
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      Page 3 Advertisements Column 1
      111 3 I II call you uaum tomorrow I I rom t ho hotel. J W ANA HOTEL SINGAPORE FOR THE WORLD'S MOST TREASURED WATCHES I PHILIPPE -JThe name: Cortina Watch Centre. quality timepieces jfcMu for retail centres. Drop by soon our -^■CVmT^of Patek Philippe-the largest in Singapore. Or, give us a
      111 words
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      Page 4 Advertisements Column 2
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      35 words
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      Page 6 Advertisements Column 2
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  • FINANCIAL NEWS
    • Article
      Arab Banking gets back in the black
      402 7  -  By Quak Hiang Whai SINGAPORE Bahrainbased Arab Banking Corporation (ABC) is back in the black after suffering heavy losses during the Gulf crisis last year. In a statement released yesterday, ABC reported an unaudited pre-tax profit of US$57 million for the six months
      402 words
    • Article
      Lock icon Bank accused of giving phony credit letters to aid smuggling
      320 7 The BCCI crisis AP MIAMI The Bank of Credit and Commerce International (BCCI) supplied more than US$lOO million in phony letters of credit to back a huge coffee-smuggling scheme that cheated the US Customs Service, a lawsuit filed here charged.
      AP  -  320 words
    • Article, Illustration
      Lock icon Credit business boosts profits for Dresdner
      326 7 Reuter DUESSELDORF, Germany Dresdner Bank AG says credit business remained the driving force behind profit growth in first half 1991. It cited a slight improvement in margins and a strong rise in loans to clients. "The rise in business volume is determined largely by
      Reuter  -  326 words
    • SMALL CHANGE
      • Article
        Indonesian banks lower deposit rates by 2 points
        78 7 JAKARTA Nearly ail major Indonesian banks, as expected, have lowered their interest rates on deposits by around two percentage points for most maturities, bankers said yesterday. State banks are now offering one month at around 20 per cent, three months at 21
        78 words
      • Article
        Drexel files bankruptcy plan
        61 7 NEW YORK Drexel Burnham Lambert said on Wednesday that it had filed a draft of its bankruptcy reorganisation plan in federal court. The firm said it expects to file the formal plan within a week. If approved by the court and the firm's 17,000 creditors, the
        61 words
      • Article
        Westpac to cut NZ base rate
        72 7 WELLINGTON Westpac Banking Corp Ltd said yesterday that it would cut its New Zealand base lending rate to 13.25 per cent from 13.90 per cent, effective Aug 26. Westpac said its housing first mortgage rate of 12.25 per cent is under review. Farm mortgage
        72 words
      • Article
        Commercial Union unit closes
        58 7 HONGKONG Press reports yesterday said Commercial Union had shut down its retail fund management operation in Hongkong, less than 18 months after launching it in a blaze of media coverage. The company sacked its sales agents about six months ago, and plans to launch new funds
        58 words
      • Article
        AMEV to buy US insurer
        45 7 AMSTERDAM Dutch insurer NV AMEV said on Wednesday that its AMEV Holdings subsidiary in the US 1 had signed a letter of intent to buy the Kansas City-based group life, accident and health division of Mutual Benefit Life Insurance Co.
        45 words
    • Article
      Lock icon Abbey National turns in good interim results
      352 7 Reuter LONDON Half-year results from Abbey National pic were applauded on Wednesday by bank analysts, who said the group had managed to buck the downturn in the UK housing market. "They are an excellent set of figures," said Alison Deuchars, bank analyst at
      Reuter  -  352 words
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      88 7 H I H I 'T art of (MOP* uncomplicated.j^mH I and engage a banquet room v at Raffles Hotel. m I x H B v H I I r:» rl l x J The Leg e,n d Re st o d FROM 16 SEPTEMBER 1991 BANQUETS AND GARDEN PARTIES MAY
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  • THE REGION
    • NOTE BOOK
      • Article
        Indon state firms to get more independence
        79 8 JAKARTA Indonesia's Finance Minister JB Sumarlin said on Wednesday that the government would continue to reduce its involvement in the management of state-owned companies (BUMNs) and would allow them to operate according to their own operational programmes, the Jakarta Post reported yesterday. The
        79 words
      • Article
        US$42m in aid for Philippines
        57 8 MANILA The United States is providing US$42 million (5573.3 million) to the Philippines to repair damage caused by the eruption of Mount Pinatubo, the US embassy said yesterday. Of this amount, US$22 million will come from existing aid projects that were cancelled or reprogrammed while
        57 words
      • Article
        Seoul urged to open market
        51 8 BANGKOK Thailand has urged South Korea to open its market to more Thai agricultural products to reduce its trade deficit to that country. The request was conveyed by Foreign Minister Arsa Sarasin to visiting South Korean Foreign Minister Lee Sang Ock during their talks on
        51 words
      • Article
        Chatichai returning this week
        58 8 BANGKOK Deposed former prime minister Chatichai Choonhavan, ousted in a military coup in February, will return to Thailand this week to answer corruption charges, a source close to him said yesterday. Chatichai, 71, is expected to arrive on Saturday but details on where he will stay
        58 words
      • Article
        Peaceful protests are fine
        60 8 JAKARTA The Indonesian authorities will take no action against peaceful demonstrators in East Timor, according to the region's Military Operational Command chief, Brigadier General Warouw. The Jakarta Post yesterday quoted BG Warow as saying in the East Timorese capital, Dili, that no action would be taken
        60 words
      • Article
        Alatas meets Iran's Velayati
        66 8 TEHERAN Indonesian Foreign Minister Ali Alatas on Wednesday met with his Iranian counterpart Ali Akbar Velayati and discussed bilateral ties and post-war Gulf security, the official Iranian News Agency (IRNA) said. Mr Alatas, who arrived earlier in the day for a two-day visit and talks with
        66 words
      • Article
        Aussie-US wheat talks
        59 8 CANBERRA Talks aimed at protecting Australian farmers from subsidised US wheat sales will begin in Washington later this month, Trade Minister Neal Blewett announced yesterday. Mr Blewett's announcement follows fresh anger at cheap US wheat sales to China, a traditional Australian customer, which prompted Foreign Minister Gareth
        59 words
      • Article
        Business immigration deadline
        62 8 HONGKONG The past week has seen a rush of applications to qualify for Australia's business immigration programme which ends today, the Australian Consulate spokesman said on Thursday. The spokesman said more than 100 applications had been received under the scheme which the Australian government decided to replace
        62 words
    • Article
      Indon price rises likely to cool domestic demand
      505 8  -  But they may dash hopes of keeping inflation down From Maggie Ford in JAKARTA A RAFT of price rises recently introduced in Indonesia covering electricity, fuel, cement and transport is expected to cool domestic demand in the economy. But the move may
      505 words
    • Article
      Lock icon Japanese-Aussie plan for city of the future gets the nod
      365 8 UPI ADELAIDE A JapaneseAustralian plan for the development of a futuristic hightech city in Australia was given the official go-ahead on Wednesday, officials said. The federal minister for industry, technology and commerce, senator John Button, and the South Australian Premier,
      UPI  -  365 words
    • Article, Illustration
      Lock icon Turf Club project will depress KL office market
      530 8  -  From Salil Tripathi in KUALA LUMPUR KUALA LUMPUR'S Golden Triangle is experiencing its last decade as the city's premier office address. The premier location bounded by Jalan P Ramlee, Jalan Raja Chulan and Jalan Sultan Ismail will be eclipsed by the futuristic
      Source: FMPT Research  -  530 words
    • Article, Illustration
      Lock icon Imelda may get 55 years' jail if convicted in Manila
      342 8 Reuter MANILA The Philippines yesterday filed tax evasion charges against Imelda Marcos and a government lawyer said a conviction could result in a 55-year jail sentence for the exiled former First Lady. "A 1 Capone was sent to jail... not
      Reuter  -  342 words
    • Article
      Lock icon Between boom and bust in HK
      513 8 Outlook in colony is fears one day and cheers another AP HONGKONG Six years before it becomes part of Communist China, Hongkong is swinging from boom to bust and back again. One day, the Bank of Credit and Commerce International financial scandal sends shudders
      AP  -  513 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      162 8 This advertisement appears as a matter of record only SAL INDUSTRIAL LEASING LIMITED (Incorporated in the Republic of Singapore) a member of Singapore Technologies Industrial Invitation in respect of 37,700,000 shares of $0.25 each at $0.80 per share Managed and Underwritten by Schroder International Merchant Bankers Limited Co-Managed and Underwritten
      162 words
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  • THE WORLD
    • Article
      Lock icon EC to step up use of its mergers law
      419 9 Approval of Varta-Bosch merger points to such a move IHT BRUSSELS The European Community, tying approval of a German battery merger to a previous link-up in the same field, gave a strong signal on Wednesday that the EC mergers law would
      IHT  -  419 words
    • Article
      Lock icon East Asian countries welcome renewal of multi-fibre pact
      377 9 AFP HONGKONG East Asian countries yesterday welcomed an agreement to extend for 17 months the Multi Fibre Arrangement (MFA) which governs half the world's textile trade, although some were less than satisfied. Industry and government sources said the last-minute agreement on Wednesday
      AFP  -  377 words
    • Article
      Lock icon Gatt talks may not end this year
      200 9 Reuter BUDAPEST Stalled global trade talks are unlikely to conclude by the end of this t year despite a push in that direction by leaders of the world's richest countries, the top US trade official said on Wednesday. Dismantling the complex web of
      Reuter  -  200 words
    • Article, Illustration
      Lock icon Japan opens more construction projects to US companies
      434 9 UPI WASHINGTON Japan agreed on Wednesday to let US companies bid on more public works construction projects, increasing their access to Japanese markets. US companies would be allowed to bid on U5526.7 billion worth of projects in Japan's US$55O billion construction market,
      UPI  -  434 words
    • Article
      Lock icon Latest reports in US again point to sluggish recovery
      474 9 AP WASHINGTON The government's main economic barometer released on Wednesday pointed towards recovery, but analysts said an accompanying report on slumping factory orders shows the turnaround is sluggish and choppy. The Commerce Department said its Index of Leading Economic Indicators rose
      AP  -  474 words
    • WORLD WATCH
      • Article
        East German growth to surpass west's soon
        129 9 MUNICH Economic growth in western Germany should gradually slow in 1991 and 1992 while growth speeds up in eastern Germany, the Ifo economic research institute forecast. Ifo, one of Germany's five leading institutes, expects growth in western Germany to slow to 3 per
        129 words
      • Article
        UK index seen staying flat
        97 9 LONDON Britain's longer leading cyclical indicator, which is designed to flag economic turning points a year in advance, will show little change when the latest figures for the index are released today, analysts said. The relaxation of UK monetary policy and soaring equity prices will
        97 words
      • Article
        Canadian recovery slow: bank
        98 9 TORONTO Relatively high interest rates and a strong Canadian dollar will keep Canada's recovery from the recession at half the historical average rate, the Royal Bank of Canada said. Since 19S0, the Canadian economy has snapped back briskly from recessions, growing 6.3 per cent on average
        98 words
      • Article
        Moscow proposes oil venture
        73 9 KARACHI The Soviet Union has proposed joint ventures with Iran and Pakistan in exploring oil and gas in this country's Punjab province, Petroleum Minister Chaudhry Nisar Ali Khan said on Wednesday. The minister told reporters on returning from Teheran, where he attended the joint ministerial committee
        73 words
      • Article
        Austrian neutrality and the EC
        79 9 BRUSSELS The EC Commission has given a "fundamentally positive" opinion on the request by Austria for membership of the Community provided that Austrian neutrality does not impede progress towards EC politieal union, Commission vice-president Frans Andriessen has said here. Negotiations on the eventual entry of
        79 words
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  • Article
    Daring to dream
    466 10 EDITORIAL IT was a dream many thought Singapore's political leaders were mad to try to pursue. But that dream, that vision 30 years ago of transforming a colonial trading post into a dynamic, industralised economy, is today an undeniable reality. Thirty years ago, Singapore, with a per
    466 words
  • WHAT THE OTHERS SAY
    • Article
      Great expectations
      206 10 UNIVERSITY don Tan Kong Yam said during a recent seminar that an important segment of the population, the 20 per cent or so who may be characterised as the upper-middle class, is caught in a "middle class squeeze". But the problem is probably nowhere near as large as
      206 words
    • Article
      Hope for world peace
      162 10 THE most important development coming out of the US-Soviet summit is the US reaffirmation to help its former foe to progress. By giving it the Most Favoured Nation status, the US is convincing the Soviet Union that it should work hard towards improving their bilateral relationship.
      162 words
    • Article
      Mutual trust
      128 10 THE US-Soviet summit in Moscow has come to an end. We can foresee that from now on the Soviet Union will basically adopt a common stand with the West in major international issues. Undoubtedly, it is in the interest of the international community for the US and Soviet
      128 words
  • REGIONAL VIEWPOINTS
    • Article
      Enforcement unit needed
      155 10 THE Industrial Court does have procedures to haul up those who fail to abide by its awards but these have to be prompted by official complaints and even then nothing much can be done if an employer says he does not have enough money to meet an
      155 words
    • Article
      Peace dividend?
      194 10 THE Bush-Gorbachev summit in Moscow this week was supposed to be the "first post-Cold War summit" in which the arms race between the two superpowers no longer is the central issue. In Asia and the Pacific, however, the peace dividend will not trickle down any time soon. Many
      194 words
    • Article
      A correct move
      139 10 INDONESIA will begin to enforce its first patent act as part of its continuing programme to strengthen the protection of intellectual property rights. Obviously, shortcomings are expected in the initial stage of the enforcement of the law enacted in November 1989, despite the almost 20 months of
      139 words
  • Article, Illustration
    Lock icon The message of the Gulf War
    744 10  -  The Gulf War was a demonstration of the West's will to protect its oil sources with military power, writes Eric Hall one year after the invasion of Kuwait Eric Hall Reuter THE Gulf War sent a clear message to anyone with expansionist designs on
    Reuter  -  744 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      47 10 115 SIUdIOS THiffD BifftHdAU BflShf? WiTN UP TO 70/ OFF M®st STuFF. NoWtill 17 AUGUST. £0 SJCOOT DOWN TO StUdXO AND THREE youRSEIF! STUDIO ■»mw<n TAMGS ft SCOTTS «OAO SCOTTS SHOEING CfNTftf itHCAPO*! 0922 TCI 7)700)1 OHM 10AM TO t )O*M MOM TO SAT (CLOSIO OH SUN)
      47 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      62 10 DOONESBURY BY GARRY TRUDEAU RAY. XX/ RAY PIP I NOTTHZONVfONZ MHO GOT 1 I JOPANPA WOMAN WHO I I U&KOF I£AVB,R)6HT* UJHY XXJMtAN, YOu'USZ A 0(6, FAT FEAUTY CHECK I POESNT h/XJCH N&PMEAW-ft I PON7UJ£ 6CT IN MY CAR, UKZAC&ME YOUR UJ!ft WHCN HE GOT HOME. I MOFZ. SOMETIMES I
      62 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Landlord of a Tokyo real estate empire
      937 11  -  The wealth of 87-year-old Taikichiro Mori, who is the world s richest man, has been estimated at US$ 15 billion. That's roughly equivalent to the combined 1987 national budgets of Paraguay, Peru, Colombia, Ecuador and Bolivia. Dan Biers reports Dan Biers AP THE
      AP  -  937 words
    • Article, Illustration
      Lock icon Diplomat for the environment
      1993 11  -  Professor Tommy Koh, Singapore's Ambassador-at-Large, shares with Nirmal Ghosh his thoughts on the environment, the developing world s and Asean's position on environmental questions and the challenges before next year s United Nations Conference on Environment and Development in Brazil Nirmal Ghosh S f m NVIRON-
      Photos by Nirmal Ghosh  -  1,993 words
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  • FOCUS
    • Article, Illustration
      Lock icon Adversaries yesterday, partners today
      539 12 THE MOSCOW SUMMIT AP AFTER a wary beginning nearly three years ago, George Bush and Mikhail Gorbachev have become partners in a mutual admiration society: more often than not, they agree on critical issues that once fired the superpower rivalry. Their two-day summit was a celebration
      AP  -  539 words
    • Article
      Lock icon Beating swords into ploughshares harder than Soviets thought
      485 12 AP SOVIETS hope the nuclear arms reduction treaty signed at the summit on Wednesday will help them slash military spending, which devours a debilitating 25 per cent of all production. But it is not so simple as cutting the budget. The Soviet
      AP  -  485 words
    • Article
      Lock icon Soviets feel US and the West are still holding back
      843 12 NYT IN lifting trade restrictions against the Soviet Union on Tuesday, President George Bush dismantled one of the major Cold War tank-traps still littering the East-West divide and released the Soviet Union from its long consignment to the status of
      NYT  -  843 words
    • Article, Illustration
      Lock icon A love-hate relationship
      612 12 The US and the Soviets are co-broking peace talks in the Middle East. The prize for Israel will be the resumption of diplomatic ties between Tel Aviv and Moscow AP IF Israel says "yes" to Middle East peace talks, it will reap one big gain before any
      AP  -  612 words
    • Article
      Lock icon Key Arab players in a M-E peace talk and their positions
      325 12 AP HERE are the positions of what would be the main Arab parties in a peace conference with Israel: EGYPT: The most populous Arab state has committed itself to the peace conference and worked hard to persuade other Arabs
      AP  -  325 words
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  • SPORTS
    • Article, Illustration
      Lock icon Making sport with death-defying leaps
      646 13 So you have a death wish. Or you want to find out what it might be like to look death in the eye, then walk away, grinning. An increasingly popular sport might allow you to do just that. NYT NEW BRAUNFELS, Texas Once, those who
      NYT  -  646 words
    • SIDE LINES
      • Article
        USSR top seed trounces Canada's Albert Chang
        109 13 BROOKLINE, Massachusetts Top seed Andre Cherkasov of the Soviet Union trounced Albert Chang of Canada 6-1, 6-1 on Wednesday in the second round of the US$2OO,OOO US Pro Tennis Championships at Longwood Cricket Club. Cherkasov, 21, allowed Chang a third game service break
        109 words
      • Article
        Gilbert finishes the stronger
        164 13 LOS ANGELES Fourth-seeded Brad Gilbert used a strong finish to beat Jean-Phillipe Fleurian of France 7-6, 6-0 in a second-round match in the U*****,000 Volvo Tennis men's tournament at the Los Angeles Tennis Centre. Gilbert won the first-set tiebreaker 7-3 after the players held service for
        164 words
      • Article
        Seve enters English Open
        91 13 LONDON Seve Baliesteros has confirmed his entry for the English Open Golf Championship at the Belfry on August 15-18. The popular Spaniard will fly to the tournament immediately after competing in the US PGA Championship. Baliesteros said: "The British people have always treated me very kindly,
        91 words
      • Article
        Oakland Athletics' new arm
        85 13 BOSTON The Oakland Athletics, seeking a veteran arm to bolster their starting rotation for the Pennant Drive, acquired pitcher Ron Darling from the Montreal Expos late on Wednesday night for two minor league pitchers. Darling, who the Expos acquired on July 15 from the New York
        85 words
      • Article
        Squash World Open results
        81 13 ADELAIDE Results of matches played yesterday in the A$ 120,000 (S$ 162,000) World Open squash championship at the Adelaide Entertainment Centre (numbers in parentheses denote seedings). Second round: Ross Norman (9), New Zealand, def Austin Adarraga, Spain, 15-9, 15-11, 17-14. Anthony Hill, Australia, def Tristan Nancarrow
        81 words
    • Article
      Lock icon The Pan-Am Games: of inflation and toilet seats
      803 13 A tight budget means the cutting of some amenities UPI HAVANA At the Pan-American Games, where the spirit is strong and the athletes are without toilet seats, money is much on the mind of the assembled countries. Specifically, the cost of staging
      UPI  -  803 words
    • Article
      Lock icon Japanese firm's bid to convert US golf club is blocked
      264 13 Reuter MONTEREY, California California said it has blocked a Japanese company from selling private club memberships in one of America's most renowned golf courses until it can determine if conversion of the course from public into mostly private is legal.
      Reuter  -  264 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      371 13 BUSINESSnij^S TELEPHONE: 730-577 1/5772/5773 FAX: 734-4982 NOTICE NOTICE IS HEREBY GIVEN that. I. CHOO HENQ KOK of Btk 68, Toa Payoh Lor 5, #04-498 Singapore 1231, have applied for a Beer Houee, Second Class licence In respect of premises at M/s Tarn pines at Blk 10. Hougang Ave 7 #01-53
      371 words
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      Page 13 Advertisements Column 2
      359 13 NOTICE NOTICE IS HEREBY GIVEN that, I Tan Hong Chiew of No 21 Toh Crescent Singapore 1750, have applied fora Beer House; First Class licence in respect of premises at M/s Prime Supermarket Pte. Ltd at Blk 506 Tampines Central 1 #01-361 Singapore 1852, and that this application will be
      359 words
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      Page 13 Advertisements Column 3
      400 13 NameroreimnNS IN THE MATTER Of THE COMPANIES ACT. CAP. 90 ANO IN THE MATTER OF WELCOME 04LS ANO FATS PTE LTD (IN CREDITORS VOLUNTARY LIQUIDATION) NOTICE IS HEREBY GIVEN tut a Final General Meeting of the members of the company will be hekJ at the registered office 47 Hdl Street
      400 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      137 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AMP ENTERTAIN WHERE TO WINE, DIME PRINCESS >fv JT •••now on Fridays and Saturdays From now on, our Chinese Porridge Buffet will be served only on Fridays and Saturdays from 10.30pm to 3.30 am but at the same old prices
      137 words
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      Page 14 Advertisements Column 2
      204 14 SCOTTS LOUNGE §Br Mi Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist. Experience Hyatt Regency Singapore's new Scotts Lounge. B Hyan Urgency Singapore 10-12 Scons load Singapore 0922 Td 733 IMB Fresh
      204 words
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      Page 14 Advertisements Column 3
      198 14 i Mr ufcVk Sing in the Subway! Happy hours at Subway are now singing hours. So ride on down to Subway for Happy Hours when all drinks are going for a song. I ."Tr 1 I MPSBSESKT Hi Tea^ Delights at +J& Cafe Aladdin Calling all Hi Tea Buffs Cafe
      198 words
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      Page 14 Advertisements Column 4
      161 14 I** 1 19 m —i£)on t S)low Our 1 I With over 60 traditional specialities at our extrava- KSij I gant French buffet, better make your move before it Hj passes you by. I C«H3! We serve the world to you at The Belvedere. I j French Buffet Lunch L
      161 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      656 14 TELEVISION AND RADIO Sunshine suniniit? s S.OO Cfesa. coming visit. But then, Bdl 1.41 kVmPrap«M. 710 m I 9Sm. 1 Ste. SJOdm k —^7.M PM CNN MvmMmml (L). returns with news that one of 7.gg CaMa Nam Wetwerk. MBimgiriffiMM i.OO TIM Flaariag Oasis (See Our them has not passed the
      656 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon The life and art of Brando
      1094 15  -  Dear Marlon Brando, will the real you be finally revealed by Richard Schickel? Christopher Lehmann-Haupt reviews Schickel's book, Brando: A Life in Our Times a cross between biography and criticism so rich that it is hard to summarise. Lehmann-Haupt NYT DON'T BE PUT off
      NYT  -  1,094 words
    • Article, Illustration
      Valentino's dress, Versace's suit
      439 15 CHATTERBOX, ELIZABETH TAYLOR showed the wisdom of Solomon on Wednesday in deciding whether favourite designers Valentino or Gianni Versace will design her dress for her marriage to building worker Larry Forten&ky. Valentino gets the dress. Versace gets Fortensky's suit "Valentino has been chosen exclusively to design
      439 words
    • Article
      Camera industry's dream machines on display
      546 15  -  The shutters are open at this year's Photo Fair and there's plenty to ogle at, wntes Nirmal Ghosh Nirmal Ghosh PHOTO FAIR 91, incorporating part of the 12th International Photo-Art Exhibition 1991, was officially opened at Hall 3 of the World Trade Centre on
      546 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      228 15 AND ENTERTAIN Businessman's Buffet At Hubertus Grill, the Businessman's Buffet Luncheon offers you the opportunity to enjoy a sumptuous appetiser and dessert buffet and an la carte main course in the relaxing ambience of a hunter's lodge. Monday to Friday, 12 noon to 2.30pm. $31.00++ per person. Jkk, ANA HOTEL
      228 words
    • Advertisement
      Page 15 Advertisements Column 2
      19 15 "4P MAPLE LEAF iie Chuan Restaurant SlI 390 Victoria Street »01-01/08 Golden Landmark Shopping Cantra Singapore 07H Ttl: 291W15/6
      19 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Broad market dull as new issues attract interest
      923 16  -  By Genevieve Cua WITH LOCAL FUNDS apparently diverted to new issues and the more bullish Hongkong market, trading was thin yesterday. The volume leaders continued to be the new stocks San Teh and CSA Holdings. CSA, however, came in for some profit-taking,
      923 words
    • Article
      Untitled
      3576 16 Grt Gr'» 199! Td LMt Vol Day Last Qaote Dh Dh VM Net M Ca» High Low Code Company Safe +or- 0000) High Lw fcyer Setter CV P/E Sail INDUSTRIAL A COMMERCIAL 285 162 1000 Acma 231 unch 13 231 227 228 231 10.0N 1.5 4.3 15.3 141.6 255 200
      3,576 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4064 17 Main Board Goodwood Park 1800 +100 5 9% Semb Shipyard 705 +15 +2.2% DBS Foreign 1350 +10 +0.7% OCBC 870 +10 +1.2% Jurong Eng 50* 318 +8 +2.6% Spore Bu»F 500 725 5 +0.7% UOB 695 +5 +0.7% Isetan 50* 605 5 +0.8% CAC 585
    4,064 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      256 18 C—pay Date Yaar Grwip Nat Nat aarainp Gra»« mr to praflt/lMS (L) par shara dhrktand COM) (cants) M Credit Jul 31 Mar 91 $14.284($5.986) 4.4(1.9) 5(2 5) Summa Inv Jul 29 Mar 91 $3.435($3.2021) 2.3(-) Golden Hope Jul 18 Mar 91 M$39.619($59.793) 4 7(7.1) 6(9) Am Pk Land
      256 words
    • Article
      PRELIMINARY RESULTS
      230 18 rnmiirrj Date Yaar CrMp pretax Nat aaraiags 6ro»t aaa to prcflt/toM (L) par tkara dtvMaad ('900) (eaato) Khong Guan Jul 30 Apt 91 $312L(*316L) 4(4) Rash*) Hussan Jut 24 May 91 M$68.223($30,105) 24.9(19.4a) 5(4 5a) Kamuntong Corpn Jul 19 Mar 91 MJ21.011(115.410) 1.1(1.0) 1.5(1) Pelangi BM Jul 19
      230 words
    • Article
      INTERIM RESULTS
      351 18 Company Date Half-ywr Group prt-tax tatortoi am to prtflt/te»$ (L) dhrWaml COM) S Steamship Aug 1 Jun 91 $20,719($20,534) ICS Jul 31 Jun 91 $18,626g(18.339g) 4(4) Semb Shipyard Jul 31 Jun 91 $51,061(142,525) 8(7) Snpnrim Jul 31 Jun 91 $12,808(113,707) LKM Jul 31 Jun 91 $4,261 ($4,351) MBf
      351 words
    • Article
      CORPORATE DEVELOPMENTS
      586 18 Jul 31 Singapore Electronic and Enpneemg s offer was 189 times subscribed. Jul 30 Parkway HoMngs and Hwa Honf Corporation have invested $39m in a residential property in London's Chelsea area. Trans-Island Bus Services (Tibs) has received the High Court's approval for the restructuring plan to put the
      586 words
    • Article
      DIVIDENDS ANNOUNCED
      575 18 Currant Ex Basks Date Tatel fcr Tatel fsr paymsat tote dssa payaMs tea jaar last yaar AMPr NYA(e) Jun 19 Jul 4 Aug 15 NYA 2.8C Uti Hdp 50c 6%(b) Sep 4 Sep 16 Sep 30 6% 6* Aw Pk Ld 50c 2%(b) Jul 18 Auc 1 Aug
      575 words
    • Article
      RESULTS DUE
      572 18 Main Board Last FuN Yaar Company Parted DaU Ywr Nit EPS Gran Ntt —mni endhf (c«nts) dv prodt last ytar (fOOO) Ctrttot Interim Apr 27 Jul 91 12.6 20 OTE(a) 38,911 Sport Laid Interim May 4 Dec 91 12.6 10.0 44.641(c) krong SNp Interim Jul 27 Dec 91
      572 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      889 18 Pricos as at 01.OS.91 Comwrsioa tenm hiwiam'U$ky («s«*iirt) Amount OptioMl" mtog Company (mil Wrts Share Loan Co«v Exer Lnstk Cask Cash Loan Date Mtto mite) stock ratio prico nom Stk Laft value 7 S Burwill 115.2 0.235 0.730 1 00 1 00 69 3.11 30/06/94 34
      889 words
    • Article
      APPROVED ISSUES
      324 18 Company Ittghta bint Mean Or*-tor-two MSI 00 per stare Issue of 40m Cumulative Redeemable Preference Stmts (OPS) 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 OPS. Ei-date Jun 7 Books dose Jun
      324 words
    • Article
      PROPOSED ISSUES
      516 18 Company Right* htm Ma Pac laid One-tor-two ft MS065 per share mmn Tadi One-tor-one ft >1.00 pm start Bolton Issue of {90 978m nomral amount of 3.5% Redeem** Unsecured Guaranteed Bonds 1991/96 with 45 489m detachable warrants on the basis of $2 normal amount of Bonds tor every
      516 words
    • Article
      BONDS, LOANS & WARRANTS
      747 18 BONDS, LOANS WARRANTS Cwr Ipr-p atarw Bin! Ill Wort 30/6/94 1 warrant p««j mjl 00 ca* CiC 111 Befon 26/4/93 1 warrant pta 13.09 aril Caaaaway L««» Caaawij 81 2/10/89 to 20/10/94 1 warrant pta 10.77 ca* or 1 warrant pta 50 77 noma* amount of low stoci OnltfMii O—
      747 words
    • Article
      COMPANY MEETINGS
      354 18 j bit*-Pacific Industry Bhd: EGM at Bukit Kiara International Equestrian and Country Resort Jalan Bukit Kiara, Off Jalan Damansara, ***** Kuala Lumpur on Friday, Aug 2, at 10am. Berjaya Conn (M) Bhd: EGM at Bukit Kiara International Equestrian and Country Resort iaian Bukit Kara, Off Jalan Damansara, *****
      354 words
    • Article
      RECORD HIGHS & LOWS
      175 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 N* 1333.08 (3/6/91) *****8 (3/6/91) 1991 IMr 1022.52 (16/1/91) 1*1 *****8 (16/1/S1) 1990 fc*t 1435 43 (16/7/90) 19* *****2 (27/3/90) 1990 Imt 981 07 (09/11/90) 1990 tar 1079.50 (11/10/90) 1909 htfc 1322.00 (28/12/89) 1909 1487.76 (26/12/89) 1909 Imt 917.42 (4/1/89)
      175 words
  • Page 18 Advertisements
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares ease broadly despite late buying
      4211 19 Bernama SHARE PRICES in Kuala Lumpur yesterday closed lower in thin trading owing to lack of interest with light buying towards the close failing to make any impact given the bearish undertone. The KLSE Composite Index eased 1.57 points to 600.75 while the Industrial
      Bernama  -  4,211 words
  • Page 19 Advertisements
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      1067 19 BUSINESS TIMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 ROBINSON A COMPANY LIMITED LOST STOCK CERTIFICATE Slock Certificate No *****4 for 1.000 stock registered in the name TAN BOON SEAH has been reported lost together with relative signed transfer deed Notice is hereby given that replacement stock certificate will be
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      Page 19 Advertisements Column 2
      332 19 IN THE MATTER OF THE COMPANIES ACT, CAP. SO. ANO IN THE MATTER OF LIGNUM MARKETING PTE. LTD. (MEMBERS VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 47 Hill Street *05-04. Chinese Chamber of Commerce Industry Building. Singapore 0617. on Thursday.
      332 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market slips but stays above 24,000 level
      2222 20 Reuter TOKYO stocks slipped in light trade yesterday, but managed to close above 24,000 for the second day in a row. Sporadic buy and sell programs related to the exercise of options kept investors wary of the market, and they turned instead to
      Reuter  -  2,222 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Banking stocks surge while market consolidates gains
      1918 20 Reuter HONGKONG shares closed higher in dull trade yesterday, capping a day of thin volume and mild profit-taking with some strong buying interest on banking counters. "Over the last three days market sentiment has been dampened by negative news on the property market
      Reuter  -  1,918 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      41 20 Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in BT. For information on where to buy your copy of: Singapore Business, Her World, Go, Home Decor, Young Parents call our Customer Services Section (740-1839, 740-1840)
      41 words
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  • REGIONAL STOCK MARKETS
    • Poor results send Thai market down 17 pts
      • Article
        BANGKOK
        816 21 STOCK PRICES plunged across the board with selling pressure overwhelming in the market today, brokers said. The SET index fell 17.31 points to 711.39 on a turnover of 3.63 billion baht. All major blue chips suffered heavy losses. Siam Cement fell 20 baht to 640, Siam City Cement eight
        816 words
      • Article
        AUSTRALIA
        766 21 DOMESTIC buying helped push Australian shares higher in another day of subdued trading. "It was like watching paint dry," a Baring Securities broker said. The All Ordinaries Index closed 5.4 points higher at 1577.7. Brokers said uncertainty over interest rate cuts held investors back, causing the market to drift
        766 words
      • Article
        NEW ZEALAND
        286 21 SHARE prices weakened on moderate turnover largely as a result of rising wholesale interest rates, brokers said. However, two major banks announced cuts to some retail rates and brokers said these moves were likely to be beneficial to equities. Benchmark 7/97 bond rates rose to 9.941 per cent
        286 words
      • Article
        SEOUL
        823 21 SEOUL SHARES closed slightly lower in active trading after losing more than 15 points during the morning on profittaking, brokers said. "Seoul shares once plunged in the middle of the morning trading on profittaking, but buying which focused on manufacturing and securities issues later pulled the index to recover
        823 words
      • Article
        MANILA
        463 21 SHARE PRICES fell slightly following the lifting of the ban on Imelda Mar- cos's return to the Philippines but brokers said the drop was insignificant. The Manila Stock Exchange composite index eased 9.41 points to close at 1,007.74. "There was no selling pressure. Since it happened at a time
        463 words
      • Article
        TAIPEI
        564 21 TAIWAN STOCKS closed slightly lower across the board after narrow trade as many investors stayed out of the market, brokers said. The weighted index opened weaker and drifted 36.65 points lower to close at 5,141.41 compared with Wednesday's 5,178.06. Turnover was a moderate NT525.68 billion against NT529.9 billion. The
        564 words
      • Article
        BOMBAY
        70 21 A STRONG recovery in volatile trading helped share prices end mixed after a midsession slump, brokers said. The Bombay Stock Exchange index recovered from 1,606.79 to 1,632.67, still 14.33 points down from Tuesday's close. The national index dropped 4.68 to 791.03. "The market is trying to stabilise. Prices went
        70 words
      • Article
        Untitled
        965 21 Close Previous n I AUSTRALIA All Ordinaries Index 1577.7 1,572.4 5.4 All Industrials Index 2401.0 2,395.4 +S.9 All Resources Index 944.0 939.2. +4.8 Turnover (million) 87.1 116.5 -29.4 ■amaftii D^nunvn SET Index 711.39 728.70 -17.31 Turnover (million baht) 3.63 4.32 -0.69 JAKARTA Composite Index NA NA MANILA Composite Index 1,007.74
        965 words
  • Page 21 Advertisements
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  • WORLD STOCK MARKETS
    • Wall Street surges another 8.5 points
      • Article
        Untitled
        277 22 July 31 CVnc Prrrtw NEW YORK Dow Jones 3024.82 3.016.32 8.5 NYSE Financial NA 153.49 SAP 500 387.81 386.69 +1.12 Turnover (million) 167.31-1 169.09 -1.78 LONDON Financial Times 30 2003.9 2,011.8 -7.9 FTSE 100 2,588.8 2,595.6 -6.8 Turnover (million) 484.9 505.4 -20.5 FRANKFURT DAX Index 1,622.31 1,614.93 +7.38 AMSTERDAM CBS
        277 words
      • Article, Illustration
        NEW YORK
        1086 22 PRICES closed higher for a third consecutive session in sluggish trading on Wednesday on the New York Stock Exchange as investors waded through several reports on the condition of the nation's economy. The Dow Jones Industrial Average, which jumped 31.08 points on Tuesday, gained another 8.50 to end
        1,086 words
      • Article, Illustration
        LONDON
        696 22 SHARE PRICES ended mostly lower on Wednesday, having declined gently for most of the afternoon session as Wall Street failed to build on Tuesday's gains and FTSE futures stood towards the lower end of the day's trading range. "There's nothing much wrong with the market, it's not under pressure,
        696 words
      • Article
        BRUSSELS
        253 22 BELGIAN SHARES on Wednesday closed higher in a slightly more active market on a technical reaction following weeks of selling in Brussels and overnight rises on Wall Street and Tokyo, dealers said. Chemicals group UCB led the market, up 425 francs to 18,100, continuing a rally started late last
        253 words
      • Article
        ZURICH
        243 22 SWISS SHARES closed a touch higher on Wednesday in lacklustre trading. Dealers said the market lacked direction and volume was very thin. The all-share SPI Index added three points to 1,123.2 and the SMI Index of leading shares rose 1,9 points to 1,727.2. "There was nothing going on," one
        243 words
      • Article
        TORONTO
        289 22 TORONTO STOCKS partly recovered from session lows in late trade to close slightly lower on Wednesday, dealers said. Stocks discounted the US Treasury's US$3B billion refunding package and moderate gains on Wall Street, pushing the Dow Jones towards record closing levels. "Lacklustre trading gave way to one thing in
        289 words
      • Article
        FRANKFURT
        133 22 THE FRANKFURT stock market was firm on Wednesday, encouraged by a series of good interim results, and the DAX Index ended the day 7.38 points higher at 1,622.31. The Commerzbank Index gained 12.4 points from Tuesday's closing level to 1,909.5 points. Frankfurt July 31 DM Aeg 188.00 unch BASF
        133 words
      • Article
        PARIS
        172 22 A MOROSE Paris bourse ended flat for the third consecutive session but arbitrage on Wednesday's options expiry lifted volume to a month high. The CAC-40 Index ended 1.86 points off at 1,754.73. Volume, at 2.2 billion francs, was the highest since July 4. Oil firms Total and Elf Aquitaine
        172 words
      • Article
        AMSTERDAM
        239 22 DUTCH SHARES ended a day of quiet trading easier on Wednesday with operators awaiting the release in coming days of second 1991 quarter results by major Dutch firms. The CBS Tendency Index closed 0.3 points down at 93.2. "We are just waiting to see what the figures will bring,"
        239 words
      • Article
        STOCKHOLM
        120 22 THE Stockholm bourse firmed for the third straight day as it followed foreign markets up, but trade continued to be quiet due to the summer holiday period and market interest was focused on a few blue chip shares. Dealers noted the stronger bourse was not reflected on the options
        120 words
      • Article
        MILAN
        200 22 SIGNS of reduced tension in the fourparty coalition and price gains on foreign markets helped Italian shares close higher on Wednesday in better volume, brokers said. The MIB Index rose seven points, or 0.63 per cent, to close at 1,115. Blue chips came off their highs late in the
        200 words
      • Article
        JOHANNESBURG
        489 22 BUOYANT industrial shares led the Johannesburg Stock Market higher on Wednesday, despite another strong rally in the financial rand from Monday's lows. Dealers said the recovery in the foreign investment currency, which has recouped virtually all of its recent losses, limited price gains but failed to curb the trend.
        489 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      60 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
      Dull trading as market awaits US jobs figures today
      1113 23 REPORTS THE DOLLAR closed easier against the yen and little changed against the mark after extremely quiet trade in Tokyo yesterday, dealers said. Speculative mark sales for yen by overseas players emerged earlier, but the mark rebounded on short-covering. "The market
      1,113 words
    • Article
      INTERBANK FOREX RATES
      386 23 Cross rates au«i USS S$ M$ Dm Yen SFr AS NZS USS 1.7425 2.7865 1.7460 137.10 0.5938 1.5240 1.2853 1.7483 SS 0.5739 1.5991 1.0020 0.7868 0.3408 0.8746 0.7376 1.0033 MS 0.3589 62.53 0.6266 0.4920 0.2131 0.5469 0.4613 0.6274 Dm 0.5727 0.9980 1.5959 78.52 0.3401 0.8729 0.7362 1.0013
      386 words
    • Article
      MONEY MARKET
      525 23 Interbank rates S$ Bid Offer Overnight 4 4 1/4 1-month 5 3/8 5 1/2 2-month 5 7/16 5 9/16 3-month 5 1/2 5 5/8 Overnight mode: 4-1/2 IJS$ Bid Offer 7 days 5 13/16 5 15/16 1 month 5 7/8 6 2 months 5 15/16 6 1/16 3
      525 words
    • Article
      Lock icon Scandal-hit Japan unlikely to cut interest rates now
      411 23 Reuter TOKYO Japan's central bank, faced with scandal-rid-den financial markets, is unlikely to cut interest rates now just to soothe stock market jitters, economists say. But an easing of credit conditions may come about if the Tokyo stock market really crumbles or
      Reuter  -  411 words
    • Article
      Lock icon Hungary plans 250 m ECU bond launch
      201 23 Reuter BUDAPEST Hungary plans to launch a 250 million ECU Eurobond in the next few weeks, National Bank of Hungary deputy president Frigyes Harshegyi says. The European currency unit (ECU) issue should help Hungary tap a wider circle of institutional investors. He declined
      Reuter  -  201 words
    • Article
      FINANCIAL FUTURES
      1183 23 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 93.88 93.89 93.86 93.89 6250 ***** 1898 93.87 Dec 91 93.45 93.46 93.44 93.45 8250 ***** 2102 Mar 92 93.41 93.42 93.39 93.40 3200 ***** 1450 Jun 92 92.96 92.96 92.94 92.94 747 2406 280 Sep
      1,183 words
  • Page 23 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Jakarta coping with falling cocoa prices
      413 24 Reuter JAKARTA Indonesia, the world's Number Five cocoa producer, can cope with falling prices, and long-term prospects for output and exports look good, a leading industry official says. Cocoa prices have slumped around 20 per cent in the past six months. But the chairman
      Reuter  -  413 words
    • Article
      Lock icon EC proposes revamp of soybean subsidies
      316 24 AP BRUSSELS The European Community's executive agency on Wednesday proposed overhauling its subsidies programme for soybean farmers to comply with world trade rules. The proposal, which must be approved by agriculture ministers of the dozen member nations, would replace the current system of production
      AP  -  316 words
    • Article
      Tin eases three sen on lack of fresh demand
      850 24 REPORTS THE PRICE of tin settled three sen lower at M$ 15.43 per kg on the Kuala Lumpur Tin Market yesterday on lack of follow-through buying support. Despite the higher close on the London Metal Exchange overnight on some merchant buying
      850 words
  • Article
    PRICES
    1339 24 Rubber Aug i BMfflHi Ww) S CCTlvVg Noon Oot lot I RSS Prompt I4I.7VI42.75N I41.7VI42.75N Int 1 RSS Sep 91 143.30/144.00 143.30/144.00 Inl 1 RSS Oct 145.00/145.50 145.00/145.50 lot 2 RSS OP 141.00/143.00N 141 00/143.00N Int 3 RSS OP 139.00/141.00N 139.00/141.00N Int 4 RSS OP 134.50/136.50N 134.50/136.SON Int 5
    1,339 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      716 24 BUSINESS TIMES TBLBPHONB: 730-5771/5772/5773 FAX: 734-4952 IN TUB MATTER OF THE COMPANIES ACT, CAP. 90 ANO IN THE MATTER OF KOSAN TANKERS 40 (SINGAPORE) PTE LTD (In Msmfasn' Voluntary Liquidation) At an Extraordinary General Mating ol the Company held at IS ToMbodgada. DK 1291 Copenhagen K, Denmark on 25 July
      716 words
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      Page 24 Advertisements Column 2
      595 24 IN THE MATTER OF THE COMPANIES ACT, CAP. SO ANO IN THE MATTER OF KOSAN SHIPPING (SINGAPORE) PTE LTD (in MimMri voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 18 Toidbodgade, DK 1291 Copenhagen K, Denmark on 25 July 1991, the following Reeoiutiona were passed: It
      595 words
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      Page 24 Advertisements Column 3
      5 24 Chartpoint in BT every Saturday
      5 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1112 25 City w ETA ETO M B742 1815 RJ182 1400 KL837 SQ23 1255 1815 SQ24 KL838 0100 2240 Atfeaas 0A471 2355 AacUaad NZ35 1550 SQ325 2115 SQ338 2030 NZ36 2330 BA12 2200 ESS. 8 SQ181 1410 SQ182 0915 QF62 SQ69 TG403 AY902 TG405 SQ61 TG413 CX713 SQ63
    1,112 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Western pleasures, Eastern prices
      539 25  -  POSTCARD FROM POLAND By Gabrielle Glaser Aspen and Monte Carlo too expensive? Bronco-bust-ing at an American dude ranch likely to bust the budget as well? Why not ski the slopes above Zakopane, saddle up near Walbrzych or try breaking the bank at Wroclaw? In Poland, where
      539 words
    • Article
      MONEY CHANGER RATES
      152 25 As at 3pm yesterday: Local dollars to one unit of foreign cwrency Currencies Bid Offer Australian dollar I.3S1 1.362 Canadian dollar 1.498 1.52 NZ dollar 0.9849 0.9998 Sterling pound 2.923 2.946 US dollar 1.7383 1.7420 Local dollars to 100 units of foreign currency Austrian schilling 14.04 14.26
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      77 25 Duration Title Venue Organiser Td Duration Title Venue Organiser Td A 20 Modt Woche- 4WSI990 Aug 24-29 Initio™] F»«U»n. M«« F™Uur 49M7S7J0 t-asnion mr Munchen GmbH Trade Fair for Germany GmbH Aug 20-31 Izmir Turkey Izmir Fair SI *****0 Consumer Goods International Organisation Fair Aug 21 A
      77 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      43 25 Bud, youll be a lot wiser when you learn about Fmnair's New York route. A superb twice-weekly service from Singapore direct to Helsinki and a daily connection non-stop to the Big Apple. Call *****77 for details. We know Europe from start to Finnish.
      43 words
    • Advertisement
      Page 25 Advertisements Column 2
      28 25 $170 MILLION TERMINATOR That's the cost of making Terminator 2: Judgment Day. And it has to gross $340 million to break even. ALL THIS AND MORE N OUR
      28 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      292 25 1 Capital basic wear totally weatherproof (10) 6 Venomous creatures put- ting a little money into B I I I I I 1 I I 10 A tot turning a key to get a —pBL 11 The person reporting as a worker 12 Sticking together, he said. 13 A man
      292 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      202 25 Singapore Outlook: Showen over several areas in the late morning and early afternoon. Report Maximum temperature 33.1* C Assoc humidity 64% Minimum temperature 27.1* C Assoc humidity 86% Hours of sunshine 8.15 Rainfall in mm Nil Rainfall this month Nil Rainy days this month 0 World forecast Asia-Pacific Hi/I** Good.
      202 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      21 25 MR PUDGC.WIU.BC < vf" \joWfvr I'M TrtNIONG?J PWD BGRMUDPI RTS TOM eaDIJ *i§af 8481 C EVEMNO STAMOAM3 CO LTD. IM3-IWI »Sr U.
      21 words
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  • Article, Illustration
    Price to be paid in trading growth for social aims
    433 26  -  EDB's 30th anniversary By Chuang Peck Ming THERE is a price to be paid whenever Singapore trades economic growth for social objectives, Deputy Prime Minister Lee Hsien Loong cautioned last night. Speaking at the Economic Development Board's 30th anniversary, he
    433 words
  • Article
    EDB Society honours Dr Goh Keng Swee
    251 26 HE WAS the prime mover behind the establishment of the Economic Development Board (EDB) in 1961 and guided EDB through its formative years. His role ranged from transforming the marshlands of Jurong into modern industrial estates to formulating tax incentives. This man, Dr
    251 words
  • Article
    Three areas for EDB to focus on, says BG Lee
    377 26 STRENGTH in specific niches, international reach, and high quality labour these are the three areas the Economic Development Board will focus on to keep Singapore competitive in its next lap of development, Deputy Prime Minister Lee Hsien Loong said last
    377 words
  • Article, Illustration
    Towards friendlier ties
    34 26 Taiwan's Economics Minister Vincent Siew (right) and South Korea's Finance Minister Rhee Yong-man walking past a symbol of friendship between the two countries at annual bilateral trade talks in Taipei yesterday
    34 words
  • Article
    Lock icon Japan allows third-party oil processing
    392 26 Reuter SINGAPORE Japan is opening up third-party processing space as it moves towards deregulation of its oil industry and Asian traders are drawn by its cheaper processing fees compared to Singapore, industry sources said. The Ministry of International Trade and Industry (Miti) in June overturned
    Reuter  -  392 words
  • Article
    Asean must open up info network, says BG Yeo
    332 26 KUALA LUMPUR It is important that Asean open up much more its internal network of information so that it can move forward as a community and market itself better to the world, said the Minister for Information and the Arts, Brigadier-General
    332 words
  • Article
    Lock icon Baker to seek a straight answer from Israel
    253 26 Reuter JERUSALEM US Secretary of State James Baker arrived in Israel on Thursday to seek a simple 'yes' or 'no' whether the Jewish state will attend a Middle East peace conference. But Mr Baker was unlikely to get a straight answer until
    Reuter  -  253 words
  • Article
    Lock icon Summit has helped world breathe easier, says Bush
    216 26 Reuter MOSCOW US President George Bush said on Thursday his two-day summit with Soviet President Mikhail Gorbachev had helped the world breathe easier. Mr Gorbachev drew on a passage from the biblical book of Ecclesiastes during a Kremlin ceremony before Bush left
    Reuter  -  216 words
  • Article
    Lock icon Malaysia enjoys big jump in investment from Middle-East
    261 26 NST KUALA LUMPUR Investors from the Middle East, especially Iran, who were reluctant to invest in the Far East in the early *****, are beginning to show keen interest in the region. In Malaysia, particularly, investments from the Middle East have recorded
    NST  -  261 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      184 26 Nikon The World's Finest Photographic Systems FULLY MANAGED, INVESTMENTS IN T Representatives from Arthur Andersen THE SECOND FASTEST GROWTH w also be ava lab,e 10 provide details REGION IN AUSTRALIA var ous implications under Australian taxation law. The real estate market in Western Australia has started the cyclic upturn SEWIIAR
      184 words
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      Page 26 Advertisements Column 2
      3 26 Editorial, Pg 10
      3 words
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      Page 26 Advertisements Column 3
      75 26 Nikon The World's Finest Photographic Systems Focus, Page 12 THE SECRET OF THE FABULOUS COCKTAIL WILL BE REVEALED ON 16 SEPTEMBER 1991. I] RAFFLES HOTEL REOPENS 16 SEPTEMBER 1991. urnu HOTEL REOPENS WITH im sums. lAI and BILLIARD MOM. RAFFLES GRILL. Tim* ROOM. WRITER'S RAR. LORRY RAR AND FUNCTION AREAS
      75 words
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  • Shipping Times
    • Article
      Lock icon Japanese government to work out eco-transport programme
      189 27 Bernama-Kyodo TOKYO THE Japanese Transport Ministry said last week it plans to work out a long-range national transport policy for environmental protection, featuring the development of electric cars and a shift from highways to railways. Officials said the ministry will draw up the
      Bernama-Kyodo  -  189 words
    • Article
      TSA members to allow more containers
      367 27  -  By Magdalene Phang MAJOR container operators on the eastbound trade from Asia to North America have agreed to increase box capacity offered to customers as a result of growing confidence in the US economy. A statement from the Transpacific Stabilisation Agreement (TSA) said: "The
      367 words
    • Article, Illustration
      Maersk Line renews priority berthing rights at PSA
      255 27  -  By Dexter Lee SHIPPING GIANT Maersk Line has become the latest carrier to secure a two-year extension from the Port of Singapore Authority for priority berthing of its vessels here. Besides priority berthing rights, Maersk Line also enjoys volume discounts on stevedorage
      255 words
    • Article
      Lock icon Passenger traffic down 10pc: lata
      153 27 Reuter GENEVA Passenger traffic carried by the world's leading airlines in the first six months of this year was 10 per cent below 1990 levels despite a slight improvement since May, the International Air Transport Association (lata) said on Wednesday. Freight traffic fared better, registering
      Reuter  -  153 words
    • Article
      INDEX TO ADVERTISERS
      1192 27 P«ge Col ABC Containerline 12 1 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 cWarehousing 15 4 Arrow Int 9 4 Asian
      1,192 words
    • Article
      Residents to make way for Jakarta port expansion
      343 27 JAKARTA The 8,968 families in Koja Utara, near the Tanjung Priok port area here, will be resettled to make way for two container terminals, the Jakarta Post quoted North Jakarta Mayor Suprawito as saying. State-owned Port Corporation II and PT Samudera Reksabuana,
      343 words
    • Article
      Lock icon India grounds Ilyushin IL-76 fleet after mishaps: report
      294 27 AFP NEW DELHI The Indian Air Force was forced to ground its entire fleet of Soviet-made Ilyushin IL-76 transport aircraft in April this year following three midair mishaps, an Indian newspaper reported on Wednesday. The Indian Express said the fleet of 24
      AFP  -  294 words
    • NEWS SUMMARY
      • Article
        Icahn's risky venture in TWA
        40 27 WHILE corporate raider Carl Icahn's losses from his investment in ailing TWA's junk bonds have been substantial, he has clearly done better than many others who invested in TWA bonds and preferred stock Page 2
        40 words
      • Article
        New US airline optimistic about outlook
        35 27 A reincarnated BranifF International Airlines Inc believes it can rise out of the ashes of a troubled airline industry by building a solid base in charter service Back Page
        35 words
      • Article
        UK may appeal against EC ruling
        38 27 THE British government said on Wednesday it was considering whether to appeal against an EC order for it to recover £4.2 million of subsidies granted to Japanese car maker Toyota Back Page
        38 words
      • Article
        Court reopens bidding for US Navy contract
        39 27 A US Federal judge on Wednesday voided the Pentagon's award of a submarinebuilding contract to General Dynamics Corp's Electric Boat division and ordered the Navy to hold a new competition Back Page
        39 words
      • Article
        EC car pact will stem flood of Japanese cars
        46 27 FRENCH Prime Minister Edith Cresson said on Wednesday a proposed pact to limit Japanese car sales in the European Community would double Japan's share of the French market but would prevent a flood of imports. Back Page
        46 words
    • LOG BOOK
      • Article
        Hungary wins US$44m order from Taiwan
        58 28 TAIPEI Hungary's state-owned bus maker Ikarus won a US$44 million (5576.6 million) order for 560 buses from the Taipei city government in one of Taiwan's biggest trade deals with the former East Bloc, officials said. Ikarus beat South Korean and Czechoslovakian competitors in winning
        58 words
      • Article
        Italian rail strike
        70 28 ROME Holiday travellers face widespread rail delays in Italy this week after signalmen launched the first of three 24-hour strikes. The first strike was on Monday, the second on Wednesday and the third is scheduled for today. The shunters' union is unhappy over a new contract signed
        70 words
      • Article
        Rover car sales not encouraging
        69 28 LONDON British Aerospace Pic said first half trading conditions for its Rover Group car subsidiary remain difficult. 'The current state of the UK car market and the traditional weighting of sales in the UK towards the second half of the year has made for difficult
        69 words
      • Article
        Mitsubishi develops new engine
        60 28 TOKYO Mitsubishi Motors Corp said it has developed a new engine called MW (Mitsubishi Vertical Vortex) which achieves 20 per cent more fuel economy than its conventional engines, while retaining virtually the same level of power output. Industry sources said the engine will be used for
        60 words
      • Article
        Egypt, Kuwait start new airline
        103 28 CAIRO Egypt and Kuwait signed an agreement on Sunday to establish a joint airline company with a start up capital of US$lOO million (SSI74 million). The airline will begin operation at the end of the year to transport passengers and cargo between the two countries.
        103 words
      • Article
        Air Panama deal aborted
        82 28 PANAMA CITY Taiwan's Evergreen firm withdrew its offer to buy Air Panama, saying it needed guarantees that would assure the airline could pick up passengers in stop-over countries, officials said Sunday. Air Panama has been grounded for the past 18 months as the government tries to
        82 words
      • Article
        Japan seizes S.Korean trawler
        45 28 SEOUL Japan has seized a South Korean trawler for allegedly fishing in Japanese territorial waters for the second time this week, a press report said here Sunday. A Japanese patrol boat seized the 136-ton "No. 15 Seyang" with eight fishermen aboard.
        45 words
    • Article, Illustration
      Lock icon Icahn's risky venture in TWA
      1140 28  -  While corporate raider Carl Icahn's losses from his investment in ailing TWA's junk bonds have been substantial, he has clearly done better than many others who invested in TWA bonds and preferred stock. Floyd Norris reports Floyd Norris NYT A YEAR AGO, Carl Icahn was
      NYT  -  1,140 words
    • Article
      DAILY FREIGHTS
      617 28 LOWER time-charter rates achieved by major US grain houses depressed the dry caigo freight market, brokers said. The BFI was down eight at 1,466. "Owners are still prepared to fix at lower levels to employ vessels," said a broker. One grain house was believed to have fixed a
      617 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      493 28 lllv jq Carton Carton y DenstyWiter Rmduf Ash Wunrnun Sedwent DensrtyNater Residue Ash Atoranwn Se*wt M M M/M Exxon toon KG/IT3* V/V M/M t M/M PPM method KG/M'3* V/V M/M M/M PPM method ISO/Cmac imrts Spec E25 ***** 15 0 010 0 1(£ lgQ Aye *40.3
      493 words
    • Article
      THE SHIPPING GUIDE
      10928 36 This is a list of ships loading a at Singapore for ports around J the world. It tabulates, by destination, the name of the a ship, the shipping line in- volved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are
      10,928 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        588 43 imd Debtee Voy W> Birth fcrwd Dapartue Marina Terminal 1 Colum Papua 2N S03 02 08 0800 02.08/2330 Mca Star 9109A M02 akx«ade 0108/2100 Nornews Sent 04 S02 02 08/0900 0108/2300 Aung Mm San 002 M05 alongside 02.08/2300 Batam Mam *****1 M05 ata**de 02.08/0500 Satan) Sayang *****1
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        CONTAINER SCHEDULE
        829 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booki*/Balance Rita Ship Voy No Etb/Btr Period From To From Jeyakarta ***** 04/1500 1 01/1500 01/1659 01/1900 3 02/0700 02/1159 02/1400 4 02/1200 02/1459 02/1700 "Adders Ms 9114 05/2300 4 02/1200 02/1459 02/1700 »> ,'jtav 0629 IN 03/2000 3
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      Lock icon Braniff optimistic despite US airline industry woes
      432 44 Reuter NEW YORK A reincarnated Braniff International Airlines Inc believes it can rise out of the ashes of a troubled airline industry by building a solid base in charter service and by taking advantage of pent-up demand for travel as the US economy
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      299 44 Reuter LONDON The British government said on Wednesday it was considering whether to appeal against an EC order for it to recover £4.2 million (5512.6 million) of subsidies granted to Japanese car maker Toyota. The European Commission said earlier on
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      186 44 Reuter WASHINGTON The Federal Energy Regulatory Commission (FERC) will not keep California from proceeding with a programme that would make the state's natural gas prices more competitive, but the agency has set the stage for a possible showdown with California regulators in the future.
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      385 44 Reuter PARIS French Prime Minister Edith Cresson said on Wednesday a proposed pact to limit Japanese car sales in the European Community would double Japan's share of the French market but would prevent a flood of imports. "Without an accord,
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      319 44 NYT A US Federal judge on Wednesday voided the Pentagon's award of a subma-rine-building contract to General Dynamics Corp's Electric Boat division and ordered the Navy to hold a new competition on terms more favourable to a competitor, Tenneco Inc's Newport News shipyard.
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      25 27 Lines and services represented bers of the Registry of ShwngjJgZMj]! Agents, Singapore National Shipping Ass cution. I for advertising enquiries, contact Shipping Times Tel 740-2089/740-2090
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      Page 27 Advertisements Column 2
      101 27 Hswee lee metal co pie lid iX TUA9 AVE 14. amOAKMK 23U TELEX RS MtTt >IMCPL TEL: Ml SMS (SlrtMl TH.IFAX Ml MM tmiJuamK*t /ffiUflp CotMitar MWltfoli- OtaMl A LPO WMMM 'iwwZMi CewlalwHtow«»w —<3»<— MTHH OCSIQM wmovatwn «MM OUAUTV CNOMEEfIMO I FREIGHTING I I AROUND THE I WORLD IS SO
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      31 27 Contaner Schedule 17 My FragMs 2 Mex to Advertisers 1 Shipping Gude 10.11 Shps «t Port 17 Singapore Tides 17 Transport Diary 3 Veritas Report 2 Weather and Sea Conditnre 17
      31 words
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      170 28 B U S I N ESS T I ME S TELEPHONE: 730-5771/5772/5773 FAX: 734- 4 9 8 2 An established and dynamic Shipping I Company with diverse activities is looking for a suitable candidate for the post of I OPERATIONS I SUPERVISOR I The incumbent should be within 30 40
      170 words
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      2293 29 M OOCL (S) PTE LTD JARDINE SHIPPINO AGENCIES tlfff# TEL *****11 FAX: *****09 All Iff BOOKINGS TEL: *****34 *****68 IFZHrEVI TEHMINALACFS TEL: *****18 220 F BQQGfI r] pesaka jardine shipping agencies SON. BHD k V*V# J PORT KELANG TEL: *****18 FAX: *****91 *****88 PENANG TEL: *****4 FAX: *****1 CFS TEL:
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      2069 29 TRANSPORT DIARY Aag 8 (12.15pm): Luncheon Talk by Mr Frederick Tsao, 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, td: 227-7990, 225-7388 or fax: 225-7638. Aug 13-14: Seminar on Shipping and Air
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      Page 29 Advertisements Column 3
      1608 29 ■ffIMHiHiWI-i TWA SAILINGS PER WEEK TO INTRA ASIA SINGAPORE/YOKOHAMA 9 DAYS SINGAPORE/NAGOYA 10 DAYS Vmml Voy ETA I ETC) 'Port "Peoang KMng DESTINATIONS This wMk itndM May* 9107 fiu mby VQQIZZZ2EBZZiI9ESZIE33!HE2XZ23fIE£IZi3E23iHiH m Pinto Hi HH CFS 5/e 1300 MBS OAK LQB HOU MEM ATL MIA CHS BAI PHL NYC MOW
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      1172 30 VOY NO S PORE SOUTHAMPTON HAMBURG "ANTWERP' LS HAVRE &&M y KASUOA I 18/130 2/8 24/8 20/8 19/8 MONTE ROSA 14/330 4/8 21/8 23/8 28/8 27/8 WyMili. ELBE 08/131 8/8 31/8 27/8 28/8 1. ALL VCfTBOVM) ■>. LEVERKUSEN EXPRESS 02/331 11/8 28/8 30/8 2/9 3/9 SIAMi WUW CAMO LONOON EXPRESS
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      Page 30 Advertisements Column 2
      683 30 SEASPAC SERVICE DWECT SOUTH PACfIC SEKVICt SIN NOLI SUV PPT lata Fkxaana 2505E8 2/9 16/9 21/8 26/8 ALSO ACCEPTMG CJUtfiO MA SUVA TO LAUTOKA, PAGO PAGO. APIA t NUKUALOAFA MtfCT CHLE/ SOUTH AMERICAN SERVICE SIN IQQ ANF STO VAP CLX Ida Roraana 2509E8 2/9 9/10 10/10 13/10 IS/10 16/10 Agaots
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      Page 30 Advertisements Column 3
      1491 30 El wiawft &xmm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTB6UND Fdrt EUROPE VSL/VOY m ALG BCL HAM BRE ROT ANT FEL Utt (VM (MA (VIA AL6) HAM) ROT) NOftASIA SUN 9121-3 04/0S 27/01 29/08 31/01 01/09 02/09 03/09 04/09 05/09 NOftASIA PEARL 9122-3 12/00 03/09 04/09 07/09 00/09 09/09 10/09 11/09
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      2164 31 sSSteamers Maritime Holdings Ltd] WP&O I pnf STRAITS SHIPPING I WSk Containers fcig I Na +N«/ -t-fwlj'H" Alg In U M K| 1 MQNA MAER3M 9110 27/17 29/07 11/»7 15/01 11/ M HOI 21/00 ACCEPTS DUE JUS I NMPORT BAT 0544 27/07 29/07 03/00 20/00 22/00 24/00 CARGO I LEBE
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      Page 31 Advertisements Column 2
      2048 31 TO: U.S.AJPANAMA JFM: U.S.AJPANAMA wna/wt ow im cm fw w> ww wrc wkmtoi 55 w —«—13—o«_ J?_ I ~TT HJi 57i iTi 1375 iv*ls/i w/» chovam raoum ««u« iv* n/t iv« 7/7 4/1 I 7/1 1/5 I*/. H/f Ml MUM Min H/« V 7 U/7 IV7 11/* I B M
      2,048 words
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      Page 31 Advertisements Column 3
      451 31 STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST IN RO-RO t HEAVY LIFTS I MB DOT SP PR I mi pub. 7 sut M I n pic I sum ami fT I :OSMC POO VR if* I mm oceah "iw «/i I mm ri c t/R 1 ■xom. 555 "i «/R 11/1
      451 words
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      555 32 CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE m/lOT ISTOK ROAM, ADAM H'BURG BftfMEN ANTMRP WMHk/UM 5/8 7/J 13/9 17/9 20/9 KUTM/23W 1/9 4/10 13/10 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Bi*t*ct Also accepting cargo to CauManca. Pari Said. Port Alexandria. Qanoa, Triaata. ALSO ACCEPTING BOTH CONTAINERS CONVENTIONAL
      555 words
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      Page 32 Advertisements Column 2
      981 32 I lift It ife >C/ HANJIN SHIPPING S'port LEH RTM AM HAM MV FEI i FEEDER VSL SIN LME HAUL LGi OAK I HANJIN FELIXSTOWE 008R 8/8 24/8 25/8 26/8 26/8 27/8 28/8' HANJM ROTTEROAM 015E 2/8 OMECT 22/1 2S/S HANJIN SEATTLE 019W 11/8 29/8 30/8 31/8 31/8 2/9 3/9
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      Page 32 Advertisements Column 3
      66 32 nu, u». rmk. inwwm matx not m> torn oam VESSELS AVAiLABLE FOfi SALEyCHARTCRVTHANSHIPMfeNT -«n*a tmaq" UA ftk U»»</tuT)doftl»i tWII "A VCSSCL" MAMUS/CALCUTTA/CWTTAOONG/WANOOO* JS/SW -AAHON r ■KK/SATTAMK/VUNOTAU/FHNO* WNM »W "A VCSSCL- C0L0M»0/DU«AI/DAI*iAN/KllWAIT WW -A VSL" JKOOAH/HOOnOAH/AOASA -Q SCffAYA" -SM SAT AM WEEKLY MRVKCS TMC SHIPPING/A AARON ORIENT LINES T l: *****11
      66 words
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      Page 32 Advertisements Column 4
      1191 32 1 -J .T ImSSrWGKS6KUWS*TO«IKT«BTtOUU(CWMI NYC IMf M U IW IK K M IK MT I E UMOMS H-070 ta N l/l 7/1 l/l 12/1 M/l 11/S 17/1 11/ l U/l M/l 11/1 13/1 15/9 M/J M/» 27/1 2S/1 l/MU/M 2VM M/M I awr K-M4 (/I 7/1 12/1 M/l 11/1 M/l
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      Page 33 Advertisements Column 1
      2034 33 > NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 mm mm AUST/INOIA/PAK SERVICE: *****18 CFS K27 EXPORT *****53/*****04 Mm FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 MM NEPLINE SDN BHD MALAYSIA K.L.-(03)
      2,034 words
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      Page 33 Advertisements Column 2
      1004 33 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRES: *****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 EASTBOUM)—PCCHMONG WESTBOUND—IOAOH6 TMWHmD W* HOTTBPAK ~waa.i *rt 15 l«u> S
      1,004 words
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      1496 34 K*W JF" AS AGENTS KAWASAKI SWGAPORE (PTE) LTD ICR No: 1244I*****0M) W W V7\ TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 I Mm. |\l md M MALAYSIA: "K" UNE MAHTIME (MALAYSIA) SON BHD I A ak. JL JL JL# TEL: PJ 5502*00 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA,
      1,496 words
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      Page 34 Advertisements Column 2
      1132 34 I V© PHILI-ORI€NT UN€S PT€ LTD Xcik 106 Robinson Road #07-00 GMQ Building Singapore 0106 Tai: *****22/*****69/*****00 Taiax: RS ***** PHIU FAX: *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU flftf MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION ft A«u~ n.... culollu 6 AUG MONTREAL. OnAWA.
      1,132 words
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      1475 35 sSSSmmMM PACIFIC INTERNATIONAL LINES (PTE) LTD SbSESSSSKK PIL Building, 140 Cecil Street <IK>3-00. Singapore 0106. P AK ARTA I [BANGKOK VESSEL VOY SIN JKT SIN VESSEL VOV SIN IKK SIN SUNGA TERATAI 313 4/1 9/9 11/8 JENLINK MN 4/9 7/S 11/S MAJAPAMT 9112 6/3 3/3 PEGASUS PROOHESS 373N 3/3 3/S
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      Page 35 Advertisements Column 2
      1041 35 BEN LINE CONTAINERS ITD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT W VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Cgm Pars* 256 4/8 25/8 Benavon* 268 8/8 24/6 25/8 27/8
      1,041 words
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      Page 35 Advertisements Column 3
      425 35 MYANMA n FIVE STAR LINE (Myanmar National Una) Loading for Yangon (Rangoon) Sport P.KIg Pan P.Wf MYOHMYWA *136* In ft HNY* VUS* Sd h PI TMJNC 6YI V422W 3/4 MERGU VIM* S/l due 4/4 *«l WHO* 11/1 A>« 19/23 Au» HP*-** VIM* 19/22 *uf TgATHI BANK UNI (A aonrico o*
      425 words
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      695 38 TO AUSTRALIA/NEW ZEALAND [*5 [Si iFnm |lM> [5fS l Audi p»i |P CHALM MARTHA I 275 IJ/8 l»/0 23/S 2*l JO/I I/O cllen huok Ti%~ n/t i/o io/o is/o i7/i Ti7s MUSSEL 277 7/5" l«/» 20/» 23/0 20/0 *7» ITIo C VCROIMi 270 21/9 M/ 0 3/10 7/10 13/10 IVIO
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      Page 38 Advertisements Column 2
      785 38 EXPORTS TO HONGKONG, TAIWAII I MPMI "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUM) VOY PKL PM6 JUT I SiW I HK6 KAO KEE TYO SM2 NGO KOB I["»bSEL WT V* PKL PMC BLW SW AC* LOTUS 156 *2.8 1J 1.8 10J 12.8 IC.B 17J 17J 18.8 EQUATOR PRDE 4A _JJ 5J
      785 words
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      Page 38 Advertisements Column 3
      179 38 fSf KALIMANTAN i DIRECT WEEKLY SERVICE TO JAKARTA/T6. PRIOK Vkml ETA/ETD DESTffWTION NWGA 42 Voy 12/91 2/3 Auf Jafcarta/Patanbant I NWGA XXI Voy 17/91 5/6 Auf Jakarta/P*mban I I NWGA XXI Voy IS/91 1/9 Au( Jafcvta/Patefrtant NWGA 42 Voy 13/91 12/13 Auf lakarta/Patembant I NWGA XXI Voy 11/91 15/16 Auf
      179 words
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      Page 38 Advertisements Column 4
      1739 38 /'tea tSI CHINA OCEAN SHIPPING COMPANY PULL CONTAINER LINER SERVICE Malaysia'S ACEKTS SINGAPORE'S GENERAL AGENTS nam* man. CHUNG CHIAO SHAPING SON BHD CO STAR SHIPPING PTE LTD PT GLOBW PUTRA «S»F A: «KM« BOB«M/1 COSt* fc'^g'SSg' GUM GUM SHPPMG SON BHD duo: IimtMOMN IK ui/H «*> 2 MBIK «o« Samim
      1,739 words
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      Page 39 Advertisements Column 1
      652 39 I QUARAWTEED CONSOL TO:- 1 j KEELUN6/KAOHSRJNG 8.1.91 HOM6 KON6 5J.91 BUSAM 5.8.91 BANGKOK 1.191 EUROPE 4.8.91 J TOKYO/KOBE/YOKOHAm 4.8.91 JJSA 4.8.91 J AUCKLAND 9.8.91 FREMANTLE 6.8.91 SYDNEY/MELBOURNE 9.1911 POM BOOKING PLEASE CALL AT OUR HOTLINE Mt-OISB <• LINES) FAX: *****82 PLIAM CONTACT CAM TAN. KATHLYN TAV, SOPHIA MY OR
      652 words
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      Page 39 Advertisements Column 2
      387 39 |^2%rT!cMF!ELr*ARIMETSnSIE^S^T?LTO A TEL: *****33 (12 Llrm) m PAX: *****15/*****03 fH TELEX: R8 ***** RISHIP (3 Llrm) OB ETHIOPIAN SMPPM6 IMB r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOADING FOft SPORE A NO* NET 24 WB ?3/M OARESSALAAM, MOMBASA. DJIBOUTI* ASSAB MASSAWA ABYOT 20VYB 10/09 OARESSALAAM.
      387 words
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      Page 39 Advertisements Column 3
      1076 39 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD CM ETA CM sWW ran kelanc knmg •IK «W 15/1 Loading for MM ■WHU HUDHU 21/| loading for Calcutta ooum is/8 Loading For Half SUPREME 10/1 Loading For Mate DONAKU.HI 18/8 Loaded For Felmatu SSK/K, IM ,M WCI EI E CAM T
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      Page 39 Advertisements Column 4
      371 39 I TMtR-Irt VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SM MM SM TIGER STAR IMN 05-05/00 17-14/00 20 20/00 TIGER BAY 109N 09-09/00 15 17/00 23 24/00 EAGLE CAPE 01C 13-13/00 22 23/01 29 30/0# VSL VOY SMQAPOne/CALCUTTA/tMOAPOfC VESSEL VOY SM CAL SM LHOTSE 406 07-00/00 14-11/08 24-25/00 TIGER RIVER
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      Page 40 Advertisements Column 1
      1044 40 S'PORE IMPORT: *****02 I PENANG: (04)*****6 J. BAHRU: (07) *****2 Kit (088) *****0 MEOAN: (061) *****2 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 I UK/SCAN/MSJPORTS COLOMBO'S. AFRICA pifi pK SJN PEN PK SIN Colonibo 3/8 4/8 5/8 3/8 4/8 5/8 Ldn/Fh/Rdm/Ant Ourban/Pt Louis 2/8 3/8 4/8
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      Page 40 Advertisements Column 2
      370 40 ■■■■■■IRPM blue star line TO FROM NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN n ML LTT SIN MULBCM 22S 11/1 21/1 VIA NPI 23/1 9/9 MAKSIM 0502 27/1 «/9 VU NPI 10/9 27/9 PROSPECT 14S 1/9 20/9 VU NPI 22/9 FULLY CONTAINERISED SAILINGS DISCHARGING
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      1240 40 THONG SOON LINES PTE. LTD. l! W* 77 ROBINSON ROAO #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO COMVBHTIOMAL/COMTAINEB I CONTAINER gBRV.CEI SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vessel Tvor let* Ikst rosti w spme
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      771 41 WEX DE VAPORES "PERUVIAN STATE LINE" ACCEPTMG BREAK BULK /F CI SOC CARGOES TO/FROM CAILAO, MAT MAM, LO* I OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH HLL OF LAOMG. Ptn*X* P Ktiang S«(apart E'Msia WMWMEVEKETT 04/05 Auf 10/11 Aug KXMEVEKTT 13/14 Aug 15/17 Aug SHAPIAEYERETT 01/02 Sep!
      771 words
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      Page 41 Advertisements Column 2
      535 41 [~m Ivot [STORE IMMNLNER S J«T |W |WC Ml I BM TREJTC 1311 1/8 M KOREA 10/* 19/9 72/9 24/9 24/9 ZM BJtT »SE 11/8 m KOMJk 19/9 19/9 22/9 24/9 2*/9 LEINMtO 9f 29/1 m HONGKONG 21/9 10/9 4/19 4/19 8/19 ZM OUKA 19C 27/8 ZM KEELUNG 2/19 11/19
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      Page 41 Advertisements Column 3
      659 41 MULTI-MODE SHIPPIN6 PTE LTD MIDDLE-EAST/PERSIAN GULF accepting fcl/lcl DUBAI OAMMAN SHARJAH DOHA. MUSCAT. BAHRAIN. ABU DHAM. BANDAR ABBAS JEDOAH FAR EAST ACCEPTING FCL/LCL PfNANG P/KELANG. JAKARTA. BANGKOK. HONG KONG. TAIWAN. JAPAN MANKA. KOREA UK/EUROPE ACCEPTING FCL/LCL LONOON. FELIXSTOWE. LEEDS. Til BURY. ABERDEEN. LE HARVE. HAMBURG, ROTTERDAM. ANTWEP. GOTHENBURG. COPENHAGEN t
      659 words
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      Page 41 Advertisements Column 4
      585 41 PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VEBBEL VOY SIN JKT SBV PRASETIA 185 A IN PT 05/06 PELOPOR 999 03/08 06/06 DERAJAT 948 06/08 09/08 PRASETIA 187 A 08/08 11/08 TANTO UTAMA 183 08/08 11/08 TANTO UTAMA 185 16/08 19/08 TANTO UTAMA 187 24/08 27/08
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      Page 41 Advertisements Column 5
      410 41 SM FM EAST 6/8 KEELUNG/KAOHSIUNG 4/8 BANGKOK 4/8 MANILA/CEBU 11/8 JAKARTA/BELAWAN/SURABAYA 11/8 PORT KELANG/PENANG/E. Malaysia 5/8 BUSAN 5/8 TOKYO/YOKO/KOBE/NGO/OSA 6/8 HONG KONG sin cum 6/8 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU XIAMEN SHANT OU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUtOPE/UK 8/8 LDN/FLX/LVP/SOU 8/8 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Butgana/Czech. SIN
      410 words
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      737 42 FIL Container Services Pie Ltd I total services nvocc MADRAS CALCUnA m VOY WMOAPOfW/MADWAS/SWOAPOWg Vt VOV WNQAPOfIg/CALCUTTA/IWOAPOWg VESSEL W1 m MM SM VESSEL VOY SW CM. SM •fIEXT AVALABII 03-04/01 10-12/08 IS-lt/00 POT AVAILABLE SU> •3-07/01 13-14/00 09-09/00 15-17/00 23-24/00 07-01/OI 14-11/00 24-25/00 11-12/00 20-21/00 27-20/00 03-09/00 15-19/00 25-21/00 7500
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      Page 42 Advertisements Column 2
      429 42 EonterniJ CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION FREMANTLE 8 AUG ALSO ACCEPTING CARGOES fOcPORT VESSEL ETA NEXT BANGKOK CONTEMI D. BHUM OC/S 13/t JAKARTA CONTERM EDEN OC/S 13/S PENANG CONTERM A. BHUM M/S 11/1 PORT KELANG CONTERM SEROM 10/1 17/1 EUROPE CONTERM FELIXSTOWE 04/1 U/S AUCKLAND CONTERM MULBERA
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      Page 42 Advertisements Column 3
      476 42 CUJ! con-mv inTEßnmnf2_^ a^^m^^^^m SERVICE FROM tzZAAK-7/A/*-Qf/y PENANG- KL: allied-link SINGAPORE: iqjpr 04-*****2 09-*****59 778 9922 m unesi 36® Marina Ong Suaan Ng/Phlllp Km Iran* Chang/Eathar Yap PLATOU PACIFIC V SHIPPING SERVICES V REGULAR PAR EAST N AMERICA BREAKBUUC OWNERS REP OFPICE TEL: *****11 SINGAPORE: PAX: 22S2SSS CLIPPER HANSA AMETHYST
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      Page 42 Advertisements Column 4
      388 42 MANILA ETA VIGOUR PACIFIC *2NB 3/8 VIGOUR SINGAPORE 6NB 10/8 BANGKOK 4/8 12/8 BUSAW 3/8 11/8 HONGKOWC 3/8 11/8 DURBAN/PT LOUIS 3/815/8 KEELUWG 8/8 13/8 USA S/8 12/8 PT KELANG 5/8 9/8 KOBE 5/8 12/8 PIRAEUS 8/8 19/8 "pSAKA 7/8 14/8 JAKARTA 5/8 8/8 SURABAYA 5/8 9 8 CHINESE-POLISH I
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      Page 43 Advertisements Column 1
      365 43 vQc vQc vQc vQc vOc vQc vOc U VAN OMMEREN CETECO GROUP U r TRANSPORT DIVISION > Q VOTAINER CONSOLIDATION SERVICES: N) THE ONLY CONSOIIDATOR WITH WORLDWIDE NETWORK f] J Weekly FCtACL Services To/From V J > USA EUROPE FAR EAST > Baltimore: Votainer Consolidation Services Hamburg: Van Ommeren Hamburg
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      Page 43 Advertisements Column 2
      617 43 -S-NedMoyd FIXED DAY SCHEDULE TO/FROM T Nediioyd IN 1992 NEW ZEALAND/FUI J? 1 /quo *J *f«n «6tt sin S'baya Auckland Fiji(A) N-Ptymouth(A) Tmara Lytt«Mon(B) Dunadbi(B) Napier ffeßngton(C) Tauranga N Rosario/9118 29/7 31/7 30/7 30/7 2/8 3/8 19/8 17/9 21/1 21/8 22/8 22/8 25/8 26/8 27/8 2 10/8 12/8 11/8 U/8
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      299 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOI* 0000 01M 0200 0300 0400 0500 0800 0700 MOO 0900 10M*****2M*****4M ISM 1M**********00 2MO 2100 2200 2300 1.7 2.3 2.6 2.6 2.5 2.0 1.5 1.0 07 06 06 09 1.4 2.0 2.4 2.6 2.5 22 1J L 3 0.9 0.7 0.7
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  • Page 44 Advertisements
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      Page 44 Advertisements Column 1
      751 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC BQUTH-WEBT TO PACIFIC NORTH-WEST rent! DOT Ml ftt a UK HAUL ¥0Y LBN m gA ft MRU DOT TCM/gA PTI HK CHUN 120 20/07 29/07 01/01 H. PIONEER «2£ 20/01 25/00 01/00 TOOKR HOS 701
      751 words
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      Page 44 Advertisements Column 2
      120 44 PASJR GUDANCVSINGAPORE TWICE WEEKLY SAM.INGS (TUE&SAT) VESSEL VOY P.GUDANG S'PORE JOSINDO SATU 021S 02/8 03/8 022S 05/8 06/8 023S 09/8 10/8 024S 12/8 13/8 025S 16/8 17/8 026$ 19/8 20/8 RASIR GUDANG SINGAPORE (07) *****0/*****1 (02)534-0042 wSSSSSS 27 k l/T i i M it- f l DAMAR SEGARA AGUNG UNES
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      Page 44 Advertisements Column 3
      486 44 CHARTPOINT Every Saturday in Business Times B*kvsV}J3^3 UK/CONTINENT (TRIO) lifS I TO* KWK l-DMI UN KM IMMi ■|j|^^H MONTI MM 14/3 M 4/1 21/t a/I a/I 27/t Morton M hM|, hMn Om DM OK N/131 l/l 11/1 27/1 X I k»M« :to taw UWWUW EVHB M/ 331 11/1 a/1 M/t
      486 words