The Business Times, 21 August 1991

Total Pages: 46
1 46 The Business Times
  • 10 1 BUSINESS TIMES MCI (P) 16/12/90 Wednesday, August 21, 1991 75*
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  • NEWS SUMMARY
    • 61 1 MANILA The Philippine government will get 80 per cent of shares in Philippine Airlines (PAL) in exchange for assuming the flag-carrier s huge debts, incurred before privatisation. Twenty per cent of PAL shares will remain with the Government Security and Insurance System,
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    • 62 1 LONDON British recovery hopes were further boosted yesterday when provisional, seasonally adjusted figures showed an unexpectedly large growth in bank lending in July. The £3.4 billion rise in bank lending followed a revised rise of just £300 million in June and was sharply
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    • 25 1 SENTOSA Development Corp's fifth land sale has attracted only a handful of tenderers who favour projects requiring lower investments Page -2
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    • 17 1 INDONESIA, Malaysia and Thailand are facing growing deficits in their balance of payments Page 7
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    • 34 1 AUSTRALIA'S budget for the fiscal year 1991/92 ending June 30 will deliver a deficit of A 54.73 billion (556.43 billion), its first budget deficit in five years Page 7
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    • 25 1 BRITAIN sank deeper into the recession during the second quarter of this year, according to the latest government figures Page 9
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    • 23 1 THE Singapore Tribunal considers that the value of the repertoire for radio is far greater than for TV Page 17
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    • 17 1 KICKING the caffeine habit abruptly can result in depression, new studies have confirmed Page 13
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    • 34 1 FAMILY-OWNED shipyard Pan-United Shipping's S4O million plan to double its capacity is taking off finally after nearly eight months of delay caused by the Gulf War. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 38 1 WALL STREET stocks opened sharply higher yesterday as markets calmed down following the coup in Moscow. The Dow Jones average of 30 industrial stocks was up 19.46 points to 2,917.49 in the first hour of trading.
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    • 39 1 LONDON shares were higher at midday yesterday after the previous day's sharp drop amid continued nervousness about the Soviet situation. At 1115 GMT, the FTSE 100Share Index was up 23.9 points, or 0.9 per cent, at 2,564.4.
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    • 26 1 MALAYSIA Mining Corp Bhd has been awarded a jointventure contract to operate the natural gas distribution system for peninsular Malaysia Page 3
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    • 27 1 SPORTS Toto Holdings has declared a pre-tax profit of M 557.3 million (5535.5 million) for the year ended April 30, 1990 Page 3
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    • 30 1 MALAYSIA Airlines, which will buy MS6 billion (553.7 billion) worth of aircraft, may borrow funds and offer a rights issue soon to finance the purchases Page
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    • 22 1 INDONESIA'S photo giant, the Modern group, plans to diversify into travel, resort hotels and golf courses Page 4
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    • 26 1 THE US Securities and Exchange Commission has begun requesting documents relating to the Salomon Brothers scandal from dozens of other firms Page 6
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    • 29 1 Tuesday Change BT-MGA 652.09 +16.82 Kuala Lumpur ....528.03 f -^-56 Tokvo 21,687.06 230.30 Hongkong 3,848.44 +125.69 Svdnev 1,523.1 Monday Change New York 2.898.03 -69.99 London 2.540.52 -80.5
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    • 22 1 Exchange rates USS SS 1.7405 100 Yen SS 1.2626 MS SS 0.6237 Money market rates Overnight 4-1/2% +3/8 3-month 5-1/8% unch
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    • 38 1 London GoM AM fix USS358.50 -USS2.25 Rubber S'pore Sep 139.25'/kg -0-75 M'sia Sep 226.50*/kg unch KL Tin Turnover 45 tonnes -4 Spot MS 15.16 /kg +0.01 Crude palm oil Turnover 1,872 lots -1.110 Sep MS845 /tonne +15
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  • 490 1 The toppling of Gorbachev Reuter MOSCOW Russian leader Boris Yeltsin, backed by 150,000 defiant supporters in the streets of Moscow, pledged yesterday to resist the new hardline Soviet rulers indefinitely. The new government also faced an immediate economic threat from coal miners in Siberia
    Reuter  -  490 words
  • 226 1 PRIME MINISTER Goh Chok l ong expressed concern yesterday over the removal of Soviet President Mikhail Gorbachev and the declaration of a state of emergency in the country. Mr Goh said in a statement that Mr Gorbachev had been instrumental in introducing and implementing
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  • 270 1  -  By S N Vasuki ASIAN stock markets rebounded yesterday after Monday's steep plunge as most financial markets returned to normal in the absence of fresh developments in the Soviet Union. Consequently, the US dollar and gold closed lower and crude oil prices held
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  • 225 1 General Election '91 A BIG QUESTION on which any analysis of the Aug 31 general election outcome hinges will be settled by noon today. That is when nomination closes at 10 centres and the extent and nature of the opposition challenge will be clear.
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  • 309 1 Reuter WASHINGTON The ouster of Soviet leader Mik- hail Gorbachev raises the risk of a renewed US recession and lessens the chances of a global economic upswing next year, economists said on Monday. They voiced fears that the uncertainty engendered by
    Reuter  -  309 words
  • 637 1 SOME COMPANIES have stopped accepting letters of credit from the USSR and other East European countries as caution became the buzzword following the ousting of Soviet president Mikhail Gorbachev on Monday. A senior executive of a lo-cal-listed company said:
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  • Page 1 Advertisements
    • 241 1 1 to n HRUMO VIACI.I IHB C entrepot nt~>ol-30, Tel: 737 4509 Aircraft Schedule 27 La. 17 Weather 27 Commodities 26 Money Changer Rates 27 Work) News JS.9 Company News 3.4 Money Market 25 For market indices editorial. Crvotic CrssSNOfd 27 Regional News 7 advertising and circulation exEditorial 10 Regional
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    • 60 1 Soviet coup may do Asia good, Pg 4 Why the Soviet coup may fail, Pg 8 Fear of disruption to Soviet exports sends oil price higher, Pg 26 Tanker rates may rise due to Soviet crisis, Shipping Times Pg 1 Peng Kee to replace Charles Chong in SVang GRC, Pg
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  • HOME NEWS
    • NEWS ROUNDUP
      • 99 2 THE consumer price index for July edged up by 0.1 per cent over June. Cheaper food and clothing could not offset the 0.9 per cent rise in miscellaneous items such as tuition fees for the universities and admission charges to cinemas. The prices of food
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      • 91 2 SINGAPORE is now hooked up with Hongkong through the electronics data interchange (EDI) networks of the two countries. Trading partners can now communicate electronically through a link set up by Singapore Network Services (SNS) and its Hongkong counterpart, Hongkong Telecom CSL. Hongkong Telecom CSL is a member of
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      • 87 2 DAVID LITVAK, the director-general of the Israel Export Institute, will be speaking at the Israel Business Association breakfast meeting on Aug 30. More than 100 local businessmen have been invited to the talk, which will highlight business opportunities in Israel, which is currently liberalising its economy.
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    • 240 2 COCOA processor De Zaan Far East (DZFE) has opened a $6 million warehouse here, bringing its investment in Singapore to $55 million, and there are plans to expand its product range in Asia. Announcing this yesterday, the company said it is looking
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    • 447 2  -  By Sangeeta Mulchand REFLECTING the mood of caution in the tourism industry, Sentosa Development Corporation's recent land sale attracted only a handful of tenderers and smaller investment commitments. Of the six parcels offered, only three were taken up. The total investment will add
      447 words
    • 210 2 A NEW aviation agreement reached between Singapore and Lebanon has paved the way for more flights to be launched between the two countries. Under the revised agreement, each party is allowed to increase its weekly services from three to five, using any
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    • 179 2 TRAVEL agents are reporting brisk business from Singaporeans booking holidays abroad. At the Travel '91 and Ken Air travel fair in March, about $15 million worth of tours were booked by Singaporeans. The Sino-American (SA) Travel Fair, to be held at the Pan Pacific Hotel
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    • 376 2  -  Courses on business studies, engineering, IT By Claire Leow THE fourth polytechnic will open its doors next July, the Education Ministry announced yesterday. The polytechnic will initially launch the School of Business Studies, and School of Engineering and Information Technology (IT). These
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    • 263 2 General Election '91 THE People's Action Party is moving Charles Chong out of the Sembawang GRC and will replace him with newcomer Ho Peng Kee, Education Minister Dr Tony Tan said last night. The Sembawang GRC now incorporates the Bukit Panjang
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    • 296 2 SINGAPORE needs a more open society to allow the entrepreneurial spirit to develop among Singaporeans, which will be crucial for national survival in the *****. This is the main thrust of the Singapore' Democratic Party's campaign theme as revealed by party
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  • Page 2 Advertisements
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    • 96 2 The world famous jazz fusion group Spyro Gyra 2 snows only on 31 August 1991 Tickets: $35 nett (3 pm) and $50 nett (7 pm) Available at: Marina Village Information Booth (after 6 pm) Xavis at Marina Square (»02 252/253) and International Building (#O2-13) New Marina Village office at 31
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  • COMPANY NEWS 1
    • 423 3  -  Project will cost MsBoom in capital outlay over 10 years From Leslie Lopez in KUALA LUMPUR MALAYSIA Mining Corp Bhd (MMC) has been awarded a joint-venture contract to operate the natural gas distribution system for peninsular Malaysia. The venture, which will become the
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    • 333 3  -  By Selva Kumar HONGKONG shipping major International Maritime Carriers (IMC) has, through two Singapore-based subsidiaries, concluded deals to build two bulk carriers. The contracts, with Japan's Sumitomo Corporation, are for the construction of two 72,800 dead weight tonnes bulk carriers
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    • 505 3 MBT KUALA LUMPUR Consolidated Plantations Bhd, after disposing of some of its land in Peninsular Malaysia, yesterday said that it had entered into a sale and purchase agreement with Kemayan Oil Palm to acquire about 12,000 ha of land for Ms 27 million (SSI7
      MBT  -  505 words
    • 394 3 MBT KUALA LUMPUR Malaysia Airlines (MAS), which will buy Ms 6 billion (553.7 billion) worth of aircraft, may borrow funds and offer a rights issue soon to finance the purchases. Outgoing chairman Raja Tan Sri Mohar Raja Badiozaman said the national carrier
      MBT  -  394 words
    • 215 3 MBT KUALA LUMPUR Former Malaysian finance ministry secretary-general. Tan Sri Zain Azraai Zainal Ab'idin, will take over the Malaysia Airlines (MAS) chairmanship from Raja Tan Sri Mohar Raja Badiozaman, who is retiring after 18 years at its helm. In a statement issued in Kuala
      MBT  -  215 words
    • 608 3  -  By Lee Han Shih RESULTS released yesterday by Sports Toto Holdings (STH) and its associate Singer Holdings (Malaysia) give very little clues as to how STH is going to deliver its promise to generate an average of Msl3o million (SsBl million) in
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    • COMPANY BRIEFS
      • 53 3 KUALA LUMPUR Edaran Otomobil Nasional (EON), sole distributor of Malaysia's Proton cars, has raised its stake in Singapore's Cycle and Carriage Ltd (CCL) to 20.03 per cent from 15.06 per cent. EON bought the additional 4.13 million CCL shares on the open market
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      • 41 3 SINGAPORE Sze Chin Chiu, a director of Polytek Wearnes Holdings Ltd, purchased 4,000 shares in the company for $3,075 on Aug 19, 1991. His total shareholding in the company has increased from 604,000 shares to 608,000 shares.
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      • 50 3 SINGAPORE Neptune Orient Lines Ltd has acquired 100 per cent of NOL Management Services (Malaysia) Sdn Bhd on June 19, 1991, for Ms 2 (551.25). The latter is incorporated in Malaysia and has an issued capital of Ms 2 and an authorised capital of M 525,000.
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      • 54 3 SINGAPORE Sam Lim Kok Yong, a director of one or the subsidiaries in L&M Investment Ltd, has acquired 200,000 shares in the company arising from his subscription of rights entitlements. The shares were acquired on Aug 3, 1991, at $1.10 each and registered under NMB
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      • 62 3 SINGAPORE The Stock Exchange of Singapore yesterday asked the Robinsons group to advise whether it expects any change in the amount of dividend to be paid on the enlarged capital, in view of its proposed bonus issue one-for-five. The retail group had said on Monday that the*
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      • 42 3 KUALA LUMPUR Asiatic Development Bhd's additional 20,000 new ordinary shares of 50 sen (31 Singapore cents) each issued pursuant to the employees' share option scheme for executives will be granted a listing and quotation on Friday.
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      • 37 3 KUALA LUMPUR Malayan Banking Bhd's additional 2,200 new ordinary shares of Msl (550.62) each issued pursuant to the employees' share option scheme will be granted a listing and quotation on Friday.
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      • 92 3 KUALA LUMPUR Ajinomoto (Malaysia) Bhd has reported a pre-tax profit of M 52.52 million (S$ 1.57 million) for the half year ended June 30, 1991, down marginally from M 52.94 million previously. Turnover, however, increased 11.7 per cent to M 539.39 million from M 535.27
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    • COMPANY BRIEFS
      • 107 4 LONDON Courage, the UK subsidiary of Foster's Brewing J>of Australia, which took over Grand Metropolitan's Breweries t*tin a £2.36 billion (556.7 billion) deal this year, is to retain all I*£lager brands previously licensed to the two companies. Deals ♦J*for the UK had
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      • 86 4 ?»IBANGKOK Siam Steel Group, one of the largest steel manufacturers in Thailand, will invest several billion baht :<to double, or even triple, its production capacity to cater for domestic demand, and also for the export mar'#*ket, the Bangkok Post and The Nation reported. Group Wanchai
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      • 95 4 **'JSYDNEY National Foods Ltd said its shares will be '-"•listed on the Australian Stock Exchange from tomorrow, completion of its purchase of the food assets of *#flndustrial Equity Ltd (lEL). National Foods recently raised »*-A5235 million (Ss3ls million) in an initial public offering '♦#of 235
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      • 56 4 ANGELES Hilton Hotels Corp said it agreed to Jjpurchase the 885-room O'Hare Hilton, at Chicago's O'Hare Airport, and in October will begin a year-long, jj'multi-million dollar renovation of the hotel. Terms of the and the identity of the seller were not disclosed. UjHilton officials were
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    • 335 4  -  By Schutz Lee 'SINGAPORE Difficult grading conditions in the past 'year pared Fletcher Challenge rLtd's net earnings in the year 'ended June 30 by 16 per cent 'to NZ$555 million (about rS$555 million). r Turnover of New Zealand's largest listed company r(in which Singapore inves'tors,
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    • 633 4  -  Modem group to go into travel, resort hotels and golf courses From William Chia in JAKARTA THE Modern group, which controls 85 per cent of the Indonesian photographic industry through listed PT Modern Photo Film (MPF), is diversifying into travel, resort hotels and golf courses.
      Source: PT Multinational Finance Corp  -  633 words
    • 456 4 HONGKONG "The political changes just announced in Russia may have a destabilising effect on the world politically and economically, which in turn could have a negative influence on Hongkong's economy, but the extent is not yet clear," said Hongkong tycoon Li Ka-shing.
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    • 271 4 HONGKONG Hongkong's biggest new television serwK, Wharf Holdings and Vision, could team holding talks in a bid grate the STAR TV service with a new mult*omt microwave system, J The South Morning Post on Monday. Such a deal,
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    • 546 4  -  MARKET TALK Funds co|bld be diverted towards the region, say analysts By Catherine Ong THE coup in the Soviet lUnion may augur well for Asian economies as foreign investments destined for the new-ly-opened Eastern European markets may be diverted to the analysts said. Financial
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • Page 5 Advertisements
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 74 6 PERTH Australia's R&I Bank of Western Australia Ltd said it lifted its provision for bad and doubtful debts by Asl9o million (Ss2sB million) in the nine months to Sep 30, 1991, and would report a loss for the period. The bank said
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      • 79 6 PARIS Three French banks account for most French loans to the Soviet Union, where French banks have dramatically cut back their exposure over the past 18 months, French banking sources said. State-owned Credit Lyonnais and Banque Nationale de Paris (BNP), along with Societe Generate share
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      • 61 6 WASHINGTON The World Bank has postponed planned discussions by its board on establishment of a fund to pay for technical help for the Soviet Union, a Bank spokesman said. He said the discussions had been postponed because of the "current uncertainty". The board had been
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      • 83 6 LONDON The Bank of Yokohama Ltd now has 99.7 per cent of merchant bank Guinness Mahon Holdings pic, its adviser Lehman Brothers International said. The Bank of Yokohama held 86.7 per cent of Guinness Mahon when it offered 46p (551.30) a share for the rest on
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      • 35 6 SYDNEY The board of Australia's Sydney Futures Exchange Ltd (SFE) will meet tomorrow to decide whether to make a bid for the New Zealand Futures Exchange, the SFE said yesterday.
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    • 530 6 Reuter NEW YORK The scandal that has rocked Salomon Brothers widened on Monday, as the Securities and Exchange Commission began requesting documents from dozens of other firms, seeking evidence of possible collusion, fraud and other illegal practices in the US$2.2 trillion (Ss3.B
      Reuter  -  530 words
    • 211 6 Reuter OSLO Norway's second largest bank, the troubled Christiania Bank og Kreditkasse, was awarded a 2.1 billion crown capital infusion on Monday to help it survive after towering loan losses threatened its credibility. But the rescue package, financed by the Government Bank Insurance Fund
      Reuter  -  211 words
    • 403 6 The BCCI collapse Reuter GEORGE TOWN, Grand Cayman Lawyers for financially troubled Bank of Credit and Commerce International Overseas Ltd hinted on Monday that they may file a reorganisation plan in court to prevent liquidation of BCCI assets here. Angus Foster, a lawyer
      Reuter  -  403 words
    • 365 6 Reuter LONDON Any thought that Western banks might have had about lending more money to the Soviet Union has been put on hold after Monday's ouster of Soviet President Mikhail Gorbachev, European bankers said. But the new Soviet leaders are expected
      Reuter  -  365 words
  • Page 6 Advertisements
    • 277 6 /)U llt 1 r;«. fa.il lArHiTii ngi*iiii H *v» You don't neec financial training or a Lotus I*2*3 spreadsheet 10tU* package to figure out that 556,440 less 553,850 is 552,590. Of ■r Vl3 course, it might be nice to have Lotus I*2*3 version 2.3 to help, m and an AST
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    • 102 6 FOR WHO, WHAT, WHERE AND WHEN IN THE MARKET.^ ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends in
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  • THE REGION
    • 370 7 Rising debt, currency depreciation are big threats IHT JAKARTA Rising imports and slower growth in exports are creating a policy dilemma for economic managers in Indonesia, Malaysia and Thailand as they seek to slow the pace of expansion without deterring investment needed to
      IHT  -  370 words
    • 202 7 Reuter JAKARTA Indonesia is reviewing plans for all its major projects, including those in the oil sector, as part of a bid to control the current account deficit, Mines and Energy Minister Ginanjar Kartasasmita said on Monday. Mr Ginanjar
      Reuter  -  202 words
    • 170 7 Bernama KLANG Foreign manufacturing operations in Malaysia whose exports are being controlled by their parent companies have been asked to seek autonomy to export direct from Malaysia. International Trade and Industry Minister, Datuk Seri Rafidah Aziz, said on Monday it would be
      Bernama  -  170 words
    • 398 7 Reuter CANBERRA Australian Treasurer John Kerin said the budget for the fiscal year ending June 30 1992 will deliver a deficit of A 54.73 billion (556.4 billion). It is Australia's first budget deficit in five years and compares with a Asl.9 billion surplus for
      Reuter  -  398 words
  • Page 7 Advertisements
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  • THE WORLD 1
    • 764 8 The toppling of Gorbachev NYT MOSCOW The ouster of Mikhail Gorbachev and the military and secret police takeover of the Soviet government on Monday was a surprise. Internal coups are not in the tradition of the Red Army although external ones are. The Soviet
      NYT  -  764 words
    • 581 8 But losses in the West likely to affect mainly governments AP NEW YORK President Mikhail Gorbachev's ouster by military hardliners has undermined the already fragile relationship many Western businesses have with the Soviet Union, analysts said on Monday. But any losses in the West
      AP  -  581 words
    • 316 8 AP LONDON The hard-lin-ers who ousted President Mikhail Gorbachev probably cannot reverse the democratisation of Eastern Europe and steps taken toward arms control. But their sudden takeover generated uncertainty about virtually every global trouble spot. Soviet experts predicted a delay in ratifying the
      AP  -  316 words
    • 892 8  -  Commentary By Salil Tripathi SINGAPORE The greatest dilemma that Mikhail Gorbachev faced was that he needed the support of his Party to undertake reforms whose logical result was the elimination of the Party. On hindsight it seems it was only natural that
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    • 314 9 But figures show small rise in retail sales volume Reuter LONDON Government figures show that Britain sank deeper into recession during the second quarter of this year, but the data are in line with economists' forecasts and accompanied by a small rise in retail
      Reuter  -  314 words
    • 495 9 TOKYO With the bursting of Japan's "economic bubbles", total assets of the country's 100 wealthiest people this year fell 15 per cent from last year, a drop amounting to one trillion yen <5512.6 billion). This has been revealed in the latest
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    • 249 9 Reuter BERLIN The fall of Mikhail Gorbachev from power has put eastern Germany's economic recovery in doubt, since the region's industry relies heavily on orders from the Soviet Union. "A shadow has certainly fallen over the east German economy," said Peter Sigmund,
      Reuter  -  249 words
    • 353 9 Reuter SEATTLE US and Canadian representatives have said the success of a recent free trade accord between their two countries should help to bring Mexico into a much broader North American tariff-free zone. Washington wants all goods and services to be part
      Reuter  -  353 words
    • WORLD WATCH
      • 97 9 MANILA Taiwan is offering more investments and jobs to Philippine contract workers in exchange for specific agreements with Manila such as one preventing expropriation of funds by Beijing, business leaders said yesterday. Aurelio Periquet, president of the Philippine Chamber of Commerce and Industry (PCCI),
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      • 73 9 JAKARTA Indonesia may be forced to ration electricity if the current drought continues until December, with water levels at hydroelectric dams already critically low. The Mines and Energy Minister, Ginanjar Kartasasmita, said if rain failed to fall by December and if efforts to create rains artificially
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      • 80 9 WELLINGTON New Zealand's central bank yesterday predicted the country's gross domestic product growth would be 1.5 per cent in the year beginning March 1992 and 2.1 per cent the following year. Previously, the Reserve Bank was predicting GDP growth of 1.4 per cent next year
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      • 50 9 ISLAMABAD China has offered to promote a Pakistani proposal to declare South Asia a nuclear arms-free zone, Pakistani Upper House chairman Wasim Sajjad said on Monday after a visit to China. Beijing had appreciated highly Pakistan's proposal for a five-nation conference on the issue, he said.
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      • 62 9 BANGKOK In a sign of improving relations, Vietnam for the first time has officially given Thailand details of Thai fishermen caught poaching in Vietnamese waters. Vietnamese officials told the Thai embassy in Hanoi on Aug 15 that 846 Thai fishermen in 86 trawlers had been
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      • 66 9 BANGKOK A senior Thai police general and eight otherofficers will be investigated in connection with the theft of some US$2O million (5534.8 million) in jewellery from tfet; Saudi royal family. A panel headed by Police Department* Inspector General Lt-Gen Bancha Natinan would determine, if the
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    • 122 9 AFP BEIJING Chinese retail inflation increased steeply last month, rising higher into the double digits in the cities and lending credence to fears of renewed inflation in the second half of the year. The retail price index was 43 per cent higher than in
      AFP  -  122 words
  • Page 8 Advertisements
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  • Page 9 Advertisements
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      104 words
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  • 472 10 EDITORIAL LAST FRIDAY, the Canadian government served a one-year notice on Singapore, threatening to cut air links between the two countries. Apparently, the move to terminate their bilateral air services agreement (ASA) was to force the Republic to renegotiate a new air pact, one that would be
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  • WHAT THE OTHERS SAY
    • 233 10 EVER since former Foreign Minister Eduard Shevardnadze warned last December that the Soviet Union was heading towards a dictatorship, hardline opponents of Mr Mikhail Gorbachev have been calling for his ouster. But throughout the country's long-running crisis, the hardliners have not produced a single constructive proposal
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    • 124 10 PRESIDENT Mikhail Gorbachev's downfall was partly his own doing. He tried to change a system that had become formidable over 70 years. Rather than taking a slow and measured pace, he adopted something short of revolution. Yet, it is unfair to say that Gorbachev has to
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    • 157 10 HARDLINERS have ousted President Mikhail Gorbachev from office but it is hard to predict if the Communist Party's dominance can continue. Fundamental changes have taken place in the Soviet society after more than six years of reform by Mr Gorbachev. Though the people have many grouses against
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  • REGIONAL VIEWPOINTS
    • 133 10 THE Emergency Committee that took all the power in the Soviet Union is faced with exactly the same economic and social problems as the Gorbachev government was. It is most unlikely that Yanayev and the others seized power with any prospect of success. Regardless of what government
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    • 196 10 MR GORBACHEV can console himself with the fact that despite his inability to solve many of the difficult problems facing the Soviet Union and the abrupt way his tenure has ended, his mark in world history is indelible. He has been a good thing for the world particularly
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    • 210 10 GORBACHEV tried to please everyone, but got no thanks for that. When democrats and reformers, seemingly his natural allies, turned against him for the slow pace of reform and food queues, Gorbachev was compelled to lean towards the hardliners for support. Current events show that Gorbachev got
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  • 1220 10  -  The US bogey is no longer enough to explain away Cuba's poverty. And Castro is having a hard time keeping the revolution alive. Eric Ellis reports. Eric Ellis The writer is a London-based journalist who contributes occasionally to BT. THERE'S a subtle yet revealing change currently
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  • Page 10 Advertisements
    • 125 10 For Sale by Tender. Securely tenanted office building, with huge car park, in the heart of Australia's Financial Capital. 60-70 Elizabeth Street, Sydney. 60-70 Elizabeth Street is right next to the corner of Sydney's Martin Place. It's essentially a new building in an elegant 1927 Art Deco-Gothic frame, totally refurbished,
      125 words
  • Page 10 Miscellaneous
    • 53 10 DOONESBURY BY GARRY TRUDEAU YOU CAN'T Z, WITHOUT A I GOTTA 60 PICK UP AT/ UN- I'M NO jce.meor empioymcnt ch&x.you Iwj zonk, lgne£R THINK OF THE PUNTf OF MIGHT WANT TO START MIKE.. I THINGS PUNNING HI. CHOP! TIME- TO LOOK PULUNG YOUR THINGS 1 L HAVB A HOm&S
      53 words

  • ANALYSIS
    • 1702 11  -  General Election '91 Goh Chok Tong has called the tune so far in the run-up to the election, but the Opposition need not necessarily dance to it. A BT roundtable panel discusses his political style and the odds the Opposition faces. Yang Razali
      1,702 words
    • 1187 11  -  Shoeb Kagda takes a look at elections past, the issues they were fought on and voters' response Shoeb Kagda IN THE 1950s and *****, elections were times of heated and sometimes violent political confrontations between parties over bread and butter issues
      1,187 words
    • 978 11  -  Government's pro-business philosophy working, businessmen tell Anna Teo Anna Teo A NON-ISSUE election. That's how many in the business community see the Aug 31 contest for parliamentary seats, the snappiest of the seven general elections Singapore has called since independence. Perennial concerns over
      978 words

  • Page 12 Advertisements
    • 308 12 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE f/KCULir For the month of August, the master chefs at Tien Court have prepared six splendid set menus that feature Shark's Fin as the centrepiece. Prices range from SS 188.00 for the Double Boiled
      308 words
    • 318 12 DIAN XIN TEMPTATIONS Continuing the parade of culinary gems incomparable Ruyi offers a fine selection of Dian Xin. From our creative A la Carte menu treat yoursetf to al the Dian Xin you can enjoy for $16.80++ per person. Open ckily from 11:30 am 2:3opm tor lunch, and 6:3opm 10:30pm
      318 words
    • 199 12 THE EXECUTIVE'S SET MEAL $14++ Per Person Monday ROAST BEEF WITH SAUTEED VEGETABLES Tuesday ♦SEAFOOD CREOLE WITH SAFFRON RICE Wednesday ♦PORK PICATTA WITH SPAGHETTI NAPOLITANA Thursday ♦RED SNAPPER IN FRUIT SAUCE Friday ♦CHICKEN MERENGO WITH BUTTERED RICE ♦Served with Soup and Dessert of the Day. c ru RazaHotcl VU It#
      199 words
    • 232 12 Local Tea Time delights at Chatterbox every Friday, Saturday and Sunday. 3 pm to 5.30 pm. $14.50-*- per person $8.50+ per child (below 10 yrs) Mezz®** Sumptuous Continental Afternoon Tea spread at Mezzanine Lounge. Daily. 3 pm to 6 pm. $16.00+ per person $10.00++ per child (below 10 yrs) V'/hmL
      232 words
  • Page 12 Miscellaneous
    • 780 12 TELEVISION AND RADIO T w T «-g -g 6.45 Om Plus Om (C). 10.30 Entertainment TV Inter- BUSINESS ON RADIO XX 7-1 J /J i$BCl2 8.00 News at Eight (C). national. fr.tt.ii \A/ 1I fl PTTI d\ Tl 11 W/ A I taa #45 Vafkty (C L Stereo) 30 **>
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  • LIFESTYLE
    • 451 13  -  Caffeine withdrawal is a real phenomenon. Even one cup of coffee has enough caffeine to run the risk of withdrawal if it is suddenly eliminated. Malcolm Ritter reports on a recent finding. Malcolm Ritter AP Kicking the caffeine habit abruptly can bring on
      AP  -  451 words
    • 398 13 CHATTERBOX GENERAL NORMAN Schwarzkopf went shopping in Bergdorf Goodman's men's store in New York last week, and he wasn't looking for olive green. The general, who retires officially on Sept 1, was on the prowl for clothing suitable for a civilian career. He browsed throughout the
      398 words
    • 692 13 Asahi WHILE MANY Tokyoites leave town to enjoy the summer holidays away from the hustle and bustle of the city, Tokyo hotels arc pushing "urban resort" packages to attract middle-aged couples who stay behind to avoid the traffic congestion. "I feci as though
      Asahi  -  692 words
  • Page 13 Advertisements
    • 266 13 AND ENTERTAIN :U.S. Food Promotion Savour the best of U.S. beef and lamb at Hubertus Grill from 1 to 31 August 1991. All steaks come with a Caesar Salad, Baked Idaho Potato, Grilled Tomato and a choice of Herb Butter, Bearnaise or Black Pepper Sauce. A Sterling 5-course set menu
      266 words
    • 159 13 TEE OFF WITH U.S. MEAT fg /5 to August AT THE SHIP X US. Beef you will Here's your chance to win one of the five prizes be given a lucky draw at the famous Ryder Golf SchooL /M[ c^P° n /J entitle you to participate /in the Grand Draw.
      159 words
    • 160 13 at the Bugis lounge! Singapore's very own combination of talent and style packaged in 25 Hours. 3 gentlemen and a lady to set your feet a-tapping at the Bugis Lounge (from 1-31 August 1991 only). Happy Hours: spm to Bpm daily Drinks at 50% discount (except premium brands and bottle
      160 words

  • SPORTS 1
    • 576 14 UPI HAVANA The enduring question from the Pan American Games may well be this: what will Fidel Castro now do with his days and nights? The Cuban president, who presided over the games not only as commander-in-chief but as four-star cheerleader, is suddenly a
      UPI  -  576 words
    • 408 14 AP CHATTANOOGA, Tennessee While Phil Mickelson is the favourite and defending champion, the true star of the 91st US Amateur could be The Honors Course. Mickelson, the long-driv-ing player from Arizona State University, was to try to become only the ninth
      AP  -  408 words
    • SIDE LINES
      • 158 14 COMACK, New York Ivan Lendl of Czechoslovakia, who has been sinking in the tennis rankings, struggled to beat Carl-Uwe Steeb of Germany 6-4 3-6 6-3 on Monday in the opening match of the Hamlet Challenge Cup. Steeb, a German Davis Cup player who is ranked
        158 words
      • 115 14 WASHINGTON Top seed Monica Seles pulled out after all, and fourth-seeded Zina Garrison took a positive step towards regaining her sagging confidence at the U*****,000 Virginia Slims of Washington on Monday. Seles was mistakenly placed in the draw as the number one seed when a tour
        115 words
      • 121 14 TOKYO The world of track and field is considering having World Championships every second year, adding stiffer penalties for drug users and increasing the flow of money to support an expansion campaign. These are the key issues of the two-day congress of the International Amateur Athletics
        121 words
      • 82 14 VIENNA Seven defending world champions rowed into the semi-finals on Monday, the first full day of competition at the World Rowing Championships. Single scull lightweight title holders Mette Bloch Jensen of Dentnark and Holland's Frans Goebel clinched semi-final berths rowing against a brisk morning breeze. In the men's
        82 words
    • 860 16 NYT Michael st i c h loves tennis, yet he admits he's already bored with it, too. Just last month the 22-year-old German stunned everyone but himself by winning Wimbledon; this month he wishes he was in the soft sand on a beach somewhere instead of preparing
      NYT  -  860 words
  • Page 14 Advertisements
    • 164 14 Mi L U buynowß AND GET 2 INK ■■ji^^^^H CARTRIDGES FREE. i 500 If Makes you think doesn't it. L ?"?tt! hpdX ssss/s'Si rmr ssssa? 1 Bu>loBe, a trip to Greece P s superior graphics. Good Call any of our authorised dealers for two. -jij_;— "-r enough to impress the
      164 words
    • 101 14 MORTGAGEE AUCTION 11 am Saturday 21 st September, 1991 On Site A South-West Tourism Development Opportunity as expansive as its views. r Lots 5, 6, 7, 9 and 13 of Strata Plan ***** and forming part of the Abbey Beach Resort. Busselton, Western Australia Perfectly poised to capitalise on the
      101 words

  • Page 15 Advertisements
    • 145 15 BY THINKING AHEAD,WE'VE MADE WORK ENVIRONMENTS JUST AS QUIET. Quietness. Asource of peace, thought and creativity. You might endowments, can help bnng them back keeps you thinking more dearly, so you stay ahead of the pack v say it's become endangered resource. It sure can be hard to find. With
      145 words

  • Page 16 Advertisements
    • 638 16 PARKWAY HOLDINGS LIMITED 5530,000,000 Unsecured Notes known as u Guaranteed Floating Rate Notes Due 1993" In accordance with the provisions of the Notes, notice is hereby given that for the period 21 August 1991 to 21 November 1991, the Notes will carry a rate of interest of 6.00% per annum
      638 words
    • 304 16 t mm^mmmmmm ■""^Tl BIGGEST i MICROCOMPUTER I I EVENT IN S.E. ASIA BF.il J VfMTffM RWFffl k I^l Halls 4 5, Worid Trade Centre It's the biggest and best exhibition of its kind a must for all And of special interest, there'll be a 2-day onference (23rd computer professionals (as
      304 words

  • THE LAW PAGE
    • 811 17  -  The Singapore Broadcasting Corporation and the Performing Right Society recently went to the Copyright Tribunal with their dispute over the reasonableness of the society's copyright licensing scheme. In its 76-page decision the Tribunal revealed interesting insights. David Gabriel concludes a two-part report David Gabriel
      811 words
    • 403 17 CAM SOH CHIT SHEE v BAN TIAN PRIVATE LIMITED: The High Court of the Republic of Singapore, Suit No 1606 of 1990; Justice Chan Sek Keong. THE defendant company, Ban Tian Pte Ltd, applied for a stay of execution of a
      403 words
    • 415 17 GEORGE YAP LACK TEE v TELECOMMUNICATION AUTHORITY OF SINGAPORE: The High Court of the Republic of Singapore, Originating Motion No 80 of 1990; Justice LP Thean. THE High Court followed two previous decisions relating to the effect of findings by an inquiry committee. In the two cases,
      415 words
  • Page 17 Advertisements
    • 249 17 THE OF <; MM^K^m Sit should be borne in mind that "Dress makes the man, Ip the want of it the fellouf For the "fellow" is of ten overdressed, i but never well-dressed. j4 well-dressed gentleman never buys a suit without considering the shirt, or chooses a shirt without considering
      249 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 906 18  -  By Kooi Cho Teng SINGAPORE share prices firmed yesterday as Wall Street declined to succumb to the Gorbachev-inspired sell-ofT in Asia and Europe on Monday. Helped also by Tokyo's technical gains yesterday, the Straits Times Industrials Index surged 23.51 points within the
      906 words
    • 4011 18 MAIN BOARD Gr's Gr's 1991 Td last Vol Day last Quote Di» Div Vld Net M Cap High Low Code Company Sale OTC000) High Low Buyer Seller Or P/E $mil INDUSTRIAL COMMERCIAL 285 162 1000 Acma 208 16 126 209 190 208 209 10.0N 1.5 4.8 13.8 127.5 255 200
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  • 3883 19 Main Board DBS Foreign A 1200 +100 +9.1% SPH Foreign 1240 +100 8.8% DBS Foreign 1200 +80 +7.1% OCBC Foreign 985 +50 +5.3% Semb Shipyard 630 50 8.6% C&C 520 44 9.2% Jurong Ship 50* 865 40 4.8% Singmarine 50* 430 40 +10.3% FELS 5C
    3,883 words

  • BT SHARE INFORMATION SERVICE
    • 261 20 Company Oat* Yoar Groop Nat Nat earnings Grot* mr to profit/loss (L) por sharo dhrktood (•000) (coats) City Oev Aug 19 Dec 90 $43 980(536.515 9.5(79) 15(15) PSC Aug 16 Dec 90 $2,319(12.503) 2.6(4 2) 6(2.5) QAf Ltd Aug 14 Mar 91 $1,080($2.873) 04(1.0) -(1.5) MCB HMgs Aug
      261 words
    • 149 20 Company Date Yur Group pro-tax Nat oarniags Gross aaa to proflt/loss (L) par skaro dhrfdond (000) (coats) 4* Robinson Aug 19 Jun 91 $20,935(114.714) 30 2(21.7) 15(12) Imatei Aug 16 Mar 91 M$6.206l($5,424L) Leong Huat Aug 16 Dec 90 $27L(S239L) 06S Land Aug 14 Dec 90 $30,752(535.943) 4.8(6.1)
      149 words
    • 518 20 Company Date Half-year Group pro-tax Interim anil to proflt/lo«s (L) dividend C000) Inter Roller Aug 17 Jun 91 $1,407(11,612) PM Hldgs Aug 17 Jun 91 $3,673(12.427) 2.5(2.5) Tat Lee Bank Aug 17 lun 91 $14,084g($ll,961g) Tat Lee Finance Aug 17 Jun 91 $1,595(1,776) H Negara Aug 16 Jun
      518 words
    • 473 20 Aug 16 En Yan Sang has activated a dormant Malaysian subsidiary called Corpus Five Sdn Bhd to buy a plot of land in Kuala Lumpur for MJ7.5m (about Ss4.7m) under somewhat unusual terms. Hotti Marco Polo bid Jl63m for the site in Jurong East in a Jurong Town
      473 words
    • 727 20 CurrMt Ex IMu Date Total far Total lor Wwrt date doM payaMo tfco yoar last yoar Mn Hdgs 50c 61(b) Sep 4 Sep 16 Sep 30 6% 6% Asia Pac Ld 50c 21(b) Jul 18 A* 1 Ai« 30 2% A vino 20c 5%TE(I) Oct 14 Oct 24
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    • 647 20 Main Board Last FuN Year Company Period Date Year Net EPS Gross Net amowccd endhg (cants) <fv profit last year (1*000) Cerates Interim Apr 27 M 91 12 6 200TE(a) 38.911 Spore Land Interim May 4 Dec 91 126 100 44.641(g) Tone Menc Interim Aug 2 Dec 91
      647 words
    • 998 20 Prices as at 20.08.91 Conversion terms Premium/ Expiry F (discount) Amount Optional** using Issitod Company (mil Wrts Share Loan Conv Exer Lnstfc Cash Cash. Loan Gearing Date Mtfcs units) stock ratio price nom Stk Loft value > s s s Burwill 115.2 0.180 0 660 1
      998 words
    • 253 20 Company Rights Issue Bolton One-tor-four MJ2 00 per share Ex-date Jul 16 Books dose: Jul 30 Acceptance Payment Sep 10 tins Hyd Four-tor-five MSO 65 pet share Ex-date Jul 25 Books dose: Aug 8 Acceptance Payment Sep 17 Nit Kap One-tor-two JO 80 per share Ex-date Aug 13
      253 words
    • 559 20 Company Rights Issue ha Pac Land One-for-two fe MSO 65 per share fiance Tech One-for-one fe $100 per share Bolton Issue of 190 978m nominal amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the bass of $2 nominal amount of Bonds for every
      559 words
    • 745 20 BONDS, LOANS WARRANTS Bvwfl Ml Before 30/6/94 plus HKJ1.00 cash C&C Wt Before 26/4/93 1 warrant plus S3 09 cash Causmay Loan Causeway Wt 2/10/89 to 20/10/94 ""['warrant plus JO 77 cash orTwarrant plus $0.77 nominal amount of loan stock. Chun It* Notts Clun *M> Wt March 87 to 31/12/91
      745 words
    • 379 20 Berjaya Corpn (M) Bhd: EGM at Bukit Kiara International Equestrian and Country Resort. Jalan Bukit Kiara, off ialan Oamansara, *****, on Wednesday, Aug 21, at 10am. Golden Hope Plantations Bhd: 15th AGM at the Nirwana Ballroom, Lower Lobby, Kuala Lumpur Hilton, ialan Sultan Ismail, ***** Kuala Lumpur, Malaysia
      379 words
    • 206 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 teh: 1333.08 (3/6/91) 1991 l*t 1565 58 3/6/91) 1991 Imr 1022 52 (16/1/91) 1991 tow 1149 08 (16/1/91) 1990 liflt 1435 43 (16/7/90) 1990 Hjt 1607 12 (27/3/90) 1990 Ira: 981 07 (09/11/90) 1990 tow 1079.50 (11/10/90) 1989 hilt 1322
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  • Page 20 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 827 21 Bernama SHARE PRICES in Kuala Lumpur yesterday recouped most of Monday's sharp losses after rising across the board as bargain hunters moved in to take advantage of low levels which they had plunged to on Monday on news of political upheaval
      Bernama  -  827 words
    • 3386 21 1991 Last Vol Day Net Cap 1 High Low Company Sale 000 High Low P/E Smil INDUSTRIALS 245 165 AISB 50* 189 8 132 190 182 46.1 193.9 560 310 ASM 50* 400 20 1875 404 370 35.7 1642.6 600 280 Acidchem 480 22 45 480 458 206.4 685 192
      3,386 words
  • Page 21 Advertisements
    • 109 21 ■> PROPERTY CONSTRUCTION SUPPLEMENT 1991 A special Business Times Survey September 10,1991 How will the coming year shape up for developers and Investors alike, now that the Gulf War Is history? Will we see the long-expected Hongkong Influx fill our new office blocks? And where are residential property prices heading?
      109 words

  • TOKYO STOCK EXCHANGE
    • 2174 22 Reuter TOKYO STOCKS yesterday closed higher on technical buying in hefty trade. Monday's storm of panic selling on the ouster of Soviet President Mikhail Gorbachev abated, but investors were sidelined, awaiting news. The key Nikkei average fell 1,357.61 points on Monday. "The Soviet
      Reuter  -  2,174 words
  • STOCK EXCHANGE OF HONGKONG
    • 1829 22 Reuter SHARE PRICES ended sharply higher in hefty trade yesterday, with strong buying by institutions and major local players helping recoup some of Monday's loss. "There's still some selling but also good local buying and possibly some overseas buying," said Howard Gorges, managing
      Reuter  -  1,829 words
  • Page 22 Advertisements
    • 30 22 1 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Telerate Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
      30 words

  • REGIONAL STOCK MARKETS
    • Investors pick up cheap stocks in Australia
      • 776 23 THE Australian stock market maintained strong early gains to close higher yesterday. Bargain hunters picked up cheap stocks, pushing the market up at the opening, while investors continued to monitor overseas markets and events in the Soviet Union. Brokers said any impact yesterday's Federal budget may have had was
        776 words
      • 435 23 Close Previous Aug 20 AUSTRALIA All Ordinaries Index 1,523.1 1.499.4 +23.7 All Industrials Index 2.320.6 2,284.8 +35.8 .All Resources Index 909.6 895.1 +14.5 Turnover (million) 93.2 116.70 -23.5 BANGKOK SET Index 622.81 665.70 -42.89 Turnover (billion baht) 3.82 2.90 +0.92 JAKARTA Composite Index unav 322.10 MANILA Composite Index 918.31 947.73
        435 words
      • 790 23 STOCKS extended heavy losses for the second day yesterday after news of changes in the Soviet Union, with the SET index losing 42.89 points, or 6.4 per cent, to 622.81, brokers said. Yesterday's index loss was the largest day's fall since the military coup on Feb 23. Turnover was
        790 words
      • 103 23 A LEADING New Zealand shares ended sharply lower yesterday reflecting earlier world reaction to the Soviet Union lead- ership crisis, but prices failed to take q heart in afternoon trade from the firmer Australian bourse. After a sharp early selloff (the local market had closed on Monday whes, news
        103 words
      • 69 23 THE Bombay Stock Exchange (BSE),-'"j unruffled by events in the Soviet Unions continued a bull run on Monday (yesterday's report was not available) that took" the exchange index to another new high. > brokers said. The BSE index jumped 22.84 points,"* or 1.33 per cent, to 1,749.91. The na-iH
        69 words
      • 665 23 SHARE PRICES fell on the Jakarta Stock Exchange on Monday (yesterday's report was not available), with foreigners selling on news of the removal of Soviet President Mikhail Gorbachev from power, brokers said. "Foreigners were selling, but many couldn't really sell because the market had no liquidity," one broker said.
        665 words
      • 455 23 TAIWAN SHARE PRICES plunged but ended well off their lows in active trade yesterday as the market responded t<s. j the overthrow of Soviet President Go*- bachev. ;«»j The weighted index, which was ovtf 300 points lower at one stage, closed 240.26 points or 5.2 per cent down at
        455 words
      • 507 23 PHILIPPINE STOCKS fell in a more pronounced reaction to the Soviet crisis yesterday after traders shifted the focus of concern away from the US military bases treaty. "The general appetite for equities worldwide will continue to be significantly reduced by the crisis," Joey Salceda. analyst at Baring Securities Inc,
        507 words
      • 814 23 SEOUL SHARE prices opened weak yesterday but rose sharply later in heavy trading with buying orders focusing on financial shares, brokers said. "The market still remained affected by the Gorbachev shock in the morning but a rise in the Tokyo stock market spurred part of a buying binge in
        814 words
      • 151 23 iL"» New Zealand HSU Aug 20 NZ Cents VolfOO) Air NZ 130 -10 165" ANZ Banking 530 15 Bank Of NZ 64 -2 (rTQi'A Baycorp 9 -1 70®; I Brieriey Inv 93 5 ***** uI Carter Holt 152 -7 ***** Cavalier Ceramco 150 -5 Cityrealties Corp Inv 3 Cultus Pet
        151 words
  • Page 23 Advertisements
    • 42 23 I J All prices are provided by Telerate 1 4 M.' 1^ > For Home or Office -j deliveries of: Business Times, i-o Straits Times, Sunday Times. LianHe Zaoßao, Berita Harian, Berita Vii Minggu, Shin Min, LianHe Wanßao call our Hotline K>i) 749-2577
      42 words

  • WORLD STOCK MARKETS
    • Plunging markets the order of the day
      • Article, Illustration
        1488 24 NEWS OF the Soviet coup sent the stock market plummeting on Monday, with the Dow Jones Industrial Average posting its largest drop since the early days of the Kuwait crisis a year ago. Defying the trend, though, were military equipment stocks, which rose apparently on the belief that
        1,488 words
      • Article, Illustration
        840 24 UK SHARE values ended a bewildered session on Monday 80.5 points down, but well above their lows after Mikhail Gorbachev was removed as Soviet President. The FTSE index of Britain's top 100 companies finished at 2,540.5, a loss of 3.07 per cent on the day, but above a lunchtime
        840 words
      • 125 24 Aug 19 Owe Previous NEW YORK Dow Jones 2.898.03 2,968 02 -69.99 NYSE Financial 154.70 158.52 -3.82 SAP 500 376.47 385.58 -9.11 Turnover (million) 230.35 188.36 +41.99 LONDON Financial Times 30 1,975.9 2,041.9 -66 FTSE 100 2,540 5 2,621.0 -80.5 Turnover (million) 599.8 506.2 +93.6 FRANKFURT DAX Inde* 1.497.93 1,653.33
        125 words
      • 229 24 GERMAN SHARES continued to ease in post-bourse trading on Monday after news that Mikhail Gorbachev had been replaced as Soviet President gave Ger- man shares the worst hammering in the official session since October 1989. The 30-share DAX index ended Monday's bourse trade 155.40 points, or 9.4 per cent,
        229 words
      • 262 24 INTERNATIONAL TURMOIL after news Soviet President Mikhail Gorbachev was removed from power knocked down Dutch shares on Monday, but the stocks ended off their lows and no panic selling was noticed, dealers said. "It was fairly hectic at the start, but all in all it wasn't exceptionally busy," said
        262 words
      • 162 24 FRENCH blue chip shares plunged 7.3 per cent on Monday to their lowest close in more than six months as the removal of Mikhail Gorbachev as president of the Soviet Union sent shudders through world stock markets. The key CAC-40 blue chip index fell 132.77 points to close at
        162 words
      • 191 24 ITALIAN STOCK PRICES slumped in indiscriminate selling sparked by news of the downfall of Soviet president Mikhail Gorbachev with the all-share index losing over 7 per cent, brokers said. The confusion caused by the sharply falling prices, which drove the bourse authority to postpone the fixings of many of
        191 words
      • 295 24 SWISS SHARES ended about 8 per cent lower on Monday, slightly above the day's lows, after plunging in an active session on news of Soviet President Mikhail Gorbachev's removal from office. The all-share SPI index finished 84.9 points or 7.56 per cent down at 1,038.8, two points above the
        295 words
      • 136 24 BELGIAN SHARES closed sharply lower on Monday in line with foreign bourses on news that Soviet President Gorbachev had been removed from power by hardliners, traders said. The key Bel 20 index closed 69.78 points, or 6.10 per cent, lower at 1073.90, near to its lowest level of the
        136 words
      • 390 24 GOLD SHARES were the only gainers on a nervous and volatile stock market on Monday as leading industrials and most other blue-chip issues took a severe battering. Panic selling quickly emerged as world stock markets plunged after news of the Soviet crisis. But gold shares were well supported by
        390 words
      • 257 24 TORONTO STOCKS ended a highlystrung session on Monday sharply lower but off the day's lows after the Soviet events sent market players scattering to the sidelines, dealers said. Gold shares were the only sector weathering the downturn. They edged higher, following marginal gains in COMEX bullion futures, as investors
        257 words
  • Page 24 Advertisements
    • 57 24 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
      57 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1159 25 REPORTS ASIA Tokyo: The US dollar yesterday eased in afternoon Asian trade in a correction after Monday's hectic gains. Trading was calmer, but dealers kept a wary eye on new developments in the Soviet Union likely to hurt the mark
      1,159 words
    • 388 25 Cross rates A Ug 2o USS SS MS Dm Yen SFr AS NZS USS 1.7400 2.7895 1.8240 138.20 0.6154 1.5550 1.2837 1.7422 S$ 0.5747 1.6032 1.0483 0.7943 0.3537 0.8937 0.7378 1.0012 MS 0.3585 62.38 0.6539 0.4954 0.2206 0.5574 0.4602 0.6245 Dm 0.5482 0.9539 1.5293 75.77 0.3374 0.8525
      388 words
    • 528 25 Interbank rates SS Bid Offer Overnight 4 1/2 4 3/4 1-month 5 5 1/8 2-month 5 1/16 5 3/16 3-month 5 1/8 5 1/4 Overnight mode: 4-15/16 LSS 8id Offer 7 days 5 5/8 5 3/4 1 month 5 5/8 5 3/4 2 months 5 5/8 5 3/4
      528 words
    • 434 25 Reuter NEW YORK Political turmoil in the Soviet Union has sent US market rates tumbling and could speed the Federal Reserve's inclination to lower official interest rates, economists said. "Their instantaneous reaction will be determined in large part by what happens to
      Reuter  -  434 words
    • 329 25 Reuter LONDON The National Bank of Hungary the flagship of Hungary's borrowing programme and the only Eastern bloc entity with a debt rating faces a tough test after the departure of Soviet leader Mikhail Gorbachev. Its planned 200 million to 250 million-ECU Eurobond
      Reuter  -  329 words
    • 1109 25 SIMEX EURODOLLAR Open High Low Sell Est Vol Op/Int Vol Sep 91 94.36 94 40 94.36 94.38 1792 ***** ***** Dec 91 94.10 94.13 94.09 94.10 9500 ***** ***** Mar 92 94.11 94.15 94.11 94.13 2845 ***** ***** Jun 92 93.76 93.77 93.75 93.76 1015 3285 4242 Sep
      1,109 words
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  • COMMODITIES
    • 388 26 Bernama KUALA LUMPUR Malaysia, the world's leading natural rubber (NR) producer, has to import some 60.000 tonnes of the commodity from Vietnam this year to ease a supply shortage, Deputy Primary Industries Minister Datuk Haji Tengku Mahmud Mansur said on Monday. Malaysia,
      Bernama  -  388 words
    • 331 26 Reuter NEW YORK The price of oil jumped on world markets on Monday as traders worried that the coup in the Soviet Union, the world's largest oil producer, would disrupt that nation's exports. In New York, oil closed up US$l.l7
      Reuter  -  331 words
    • 853 26 REPORTS MALAYSIAN crude palm oil prices ended higher yesterday on light covering, supported by a rebound on the futures market. The market fell on Monday on news of the Soviet crisis. Dealers said sentiment was aided by renewed talk that India would return to
      853 words
  • 1427 26 Rubber A Ug 20 MS (fob In lwte«) S cents/kg Noon Close Int I RSS Prompt I39 00/I40 00N 139.00/140 .OON Int I RSS Sep 91 139.25/139.75 139.25/139.75 Int I RSS Ocl 141.50/142.00 141.50/142 00 In. 2 RSS OP I38.50/I40.50N 138 50/140 50N Int 3 RSS OP 137.50/139.50N 137.50/139
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  • Page 26 Advertisements
    • 164 26 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 UKEAT EASTERN DRILLING 1 (SEA) PTE LTD (lar*rv*ralMl in the Republic ol Singapore) MEMBERS' VOLUNTARY WINDING LP NOTICE OP FINAL MEETING NOTICE IS HEREBY GIVEN that a Final General Meeting of the Company will be held on 23 Sept 1991 at 10.00 a.m. at
      164 words
    • 415 26 IN THE MATTER Of THE COMPANIES ACT CHAPTER 50 KOMPUSAT RESOURCES (S) PTE LTD (Incorporated In Singapore) At an Extraordinary General Meeting of the members of the abovenamed Company, duly convened and held at 4 Battery Road #12-00 Bank of China Building, Singapore 0104 on 16th August 1991 the following
      415 words
    • 8 26 Innovation Technology in BT every Tuesday J- 1
      8 words

  • 990 27 City FHght ETA FUgkt no Abu Dhabi GA895 1235 GA974 0001 GA886 0010 QF81 2000 QF82 2200 SQ227 2245 Amsterdam GA895 1235 SQ24 2200 KL837 1255 KL838 2240 AttMRS OA471 0020 0A472 2240 SQ35 1710 ftMrtilmii NZ21 1820 NZ22 1930 SQ388 2030 Bandar Sari Bagawan SQ181
    990 words
  • THE TRAVEL PAGE
    • 628 27  -  LETTER FROM MADRID By Robert Hart ITS 7PM. Three cars line up at a traffic light. A few hundred metres down the four-lane boulevard another handful of cars wait at the next light. Rush hour in Madrid in early August and there is hardly anybody around.
      628 words
    • 151 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3551 1.3734 Canadian dollar 1.5053 1.5357 NZ dollar 0.9866 1.0016 Sterling pound 2.827 2.852 US dollar 1.7365 1.7405 Local dollars to 100 units of foreign currency Austrian schilling 13.50 13.70
      151 words
    • 73 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Aug 20-31 Izmir Turkey Izmir Fair *****150 Trade Fur for Germany GmbH Internal,onal Organisation Consumer Goods Fair Aug 24-28 Cosmetics Netherlands Koninklijke ********** Perfumery Trade Nederlandse Aug 21 Building Hilton Inter- The Institute *****21 Exhibition Jaarbeurs 22
      73 words
  • Page 27 Advertisements
    • 43 27 Only Finnair would fly round in circles to London. Every Tuesday and Friday from Singapore to Helsinki and on to London via The Great Circle Route. Get round to calling us today. The number s *****77 We know Europe from start to Finnish.
      43 words
    • 42 27 WHO IS za STANDING iR I WHERE r' *e o*l Our earlier edition with the latest on the sacking of. Jj Gorby and local news /1 will be out as usual J at lunch-time. j new,"news, newsy From luncMime. Monday to Saturday.
      42 words
  • Page 27 Miscellaneous
    • 342 27 6 Accept current command P J j j I I I I I f I I I I 8 Manage get something 9 Pleads for trees to be the Home H|H| 11 An affirmation from those 114I 14 I P®| I who vote affirmatively (4) 12 That difference be- _JH
      342 words
    • 212 27 Singapore Outlook: Fair except for showers over a few areas in the afternoon. Report: Maximum temperature 32.2* C Assoc humidity 60% Minimum temperature 26.1 Assoc humidity 85% Hours of sunshine 2.50 Rainfall in mm Trace Rainfall this month 84.7 Rainy days this month 6 World report Asia-Pacific Hi/Lo* Cond. Auckland
      212 words
    • 30 27 I've tanking (hou> oo you f (♦mrsG.MiNlG SQUIRE VCL) I ngP\Ll/sIG J CORNING AS(< LIVIK3? J V—T, y y QUESTION? J 8498 A RlAiWy... 6 EVENING STANDARD CO. LTD, IM2-IMI
      30 words

  • 312 28  -  They see no threat from Japanese competition By Lilian Ang OIL companies in Singapore are so busy with third party business that they are not too concerned about the competition posed by Japan. All six refiners Shell, Mobil, Esso, Caltex, British Petroleum
    312 words
  • 311 28  -  By Magdalene Ng BANKS worldwide may soon take a lead from their German counterparts and start making provisions against loans to the Soviet Union. In a statement yesterday, UK independent credit rating agency IBCA said though none of the banks it surveyed
    311 words
  • 298 28 Reuter HONGKONG The Securities and Futures Commission (SFC) has asked the Stock Exchange of Hong Kong (SEHK) to make mandatory reforms to its running, after members failed to approve a voluntary package, the SFC said yesterday. In two formal requests, the SFC called for
    Reuter  -  298 words
  • 374 28 TOKYO Finance Minister Ryutaro Hashimoto indicated yesterday he will try to restrain retiring ministry bureaucrats from winning lucrative jobs in brokerages and banks, one of the practices blamed for the massive finance industry scandal. Critics say the intimate relationship between the industry and the bureaucrats
    374 words
  • 464 28 Real GDP grew 7.7 pc with agriculture still slackening Bernama KUALA LUMPUR The Malaysian economy slowed down in the first quarter of this year with real gross domestic product (GDP) growing at an annual rate of 7.7 per cent against 8.4 per cent
    Bernama  -  464 words
  • 41 28 HYANNIS, Massachusetts A resident surveying the wreckage wreaked by Hurricane Bob on Monday. More than a dozen yachts were beached in the town as strong winds of 160 kph battered the New England coastline.
    41 words
  • 260 28 Reuter TOKYO The recent fall in Tokyo share prices is pressuring Japanese banks, which are struggling to meet international capital adequacy standards set by the Bank for International Settlements (BIS), a top banker said. "We are feeling the pain," Kenichi Suematsu, chairman
    Reuter  -  260 words
  • 355 28 AP BELGRADE Mortar shells rained down on a major Croatian town yesterday, shattering a fragile trucc in the rebel republic as Yugoslav leaders resumed talks on the country's future. Ten were reported killed across Croatia. An official at Croatia's Interior Ministry said
    AP  -  355 words
  • Page 28 Advertisements
    • 203 28 [H 1 l\/ll=lF=^^S[=ZI —II The Richness Of Leather Handmade To Perfection. body f a t composition you register now for weight-loss and inch-loss programme at no extra cost. Results are wP/?' guaranteed. This scientific computerised test will indicate i exactly your body fat percentage, lean (muscle) gj-tM body weight, basal
      203 words
    • 138 28 P 1 is/i cm E= ES cm i—II The Richness Of Leather Handmade To Perfection. v AN ATTRACTIVE INVESTMENT OPPORTUNITY A I FOR SALE I MigS PROPOSED 14-STOREY HOTEL Well located at the fringe of Civic and Cultural District. Written permission granted for 183 rooms. For more details, contact Sole
      138 words

  • SHIPPING TIMES
    • 412 29  -  By Magdalene Phang FAMILY-OWNED shipyard Pan-United Shipping's $40 million plan to double its capacity is taking off finally after nearly eight months of delay caused by the Gulf War. Early this month, contractors moved in to start work at a five-hectare Tuas site leased
      412 words
    • 420 29 Reuter LONDON Tanker earnings could rise in the short term if Soviet oil exports were seriously disrupted following the overthrow of Soviet leader Mikhail Gorbachev, shipping sources said. "I would imagine oil exports from the Soviet Union would be delayed or reduced,
      Reuter  -  420 words
    • 307 29 Reuter CHICAGO US airlines said they are considering matching drastic cuts on both international and domestic flights announced by rival carriers over the weekend, but industry observers are divided over how far they will go. "There is enormous pressure on airlines to cut
      Reuter  -  307 words
    • 1212 29 Page Col ABC Containerize 12 1 Accord Group 8 1-3 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 Break-Bulk 16 2 ASXCLShpg
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    • 398 29  -  By Selva Kumar SPURRED by the success of its training programme, the Singapore National Shipping Association (SNSA) now aims to spearhead training for personnel from Asean's shipping industries. Announcing the STl's training "master" plan yesterday, Mr Goh Yeong Seng, chairman of
      398 words
    • 161 29 THE PORT of Singapore Authority has extended its information dissemination service to Teleview. Effective yesterday, the shipping community can get instant updates on vital shipping information on the Singapore Telecom service, which offers a direct computer link-up between vendors and buyers in Singapore. The information
      161 words
    • NEWS SUMMARY
    • LOG BOOK
      • 59 30 LONDON The Liberian vehicle carrier Astro Coach left Ceuta on Monday for Cadiz escorted by tugs, Lloyds Shipping Intelligence said. The 13,950-dwt vessel was badly damaged at the bow after a collision with the 13,608-dwt Norwegian vehicle carrier Lane which sank off Gibraltar in
        59 words
      • 95 30 LONDON The leaking of water into the Cypriot ship Anesto D has stabilised and pumps are now able to cope with the intake, Lloyds Shipping Intelligence said on Monday. The 13,717-dwt ship is under its own power and a naval vessel will arrive at the
        95 words
      • 41 30 LONDON The Norwegian refrigerated vessel Ecuadorian Reefer has sustained main engine breakdown off the Ecuadorian coast, Lloyds Shipping Intelligence reported on Monday. The 12,570-dwt ship is under tow bound for Balboa where it is expected late Monday.
        41 words
      • 53 30 AUCKLAND Jim McCrea is the new chief executive of Air New Zealand Ltd, the national carrier said in a statement yesterday. Mr McCrea, 52, had been acting chief executive since the forced departure of Mr Jim Scott in April. He has had a 35-year association
        53 words
      • 74 30 MUNICH Workers of Dornier GmbH, a unit of DaimlerBenz AG, said on Monday they feared a quarrel between Dornier's founding family and another Daimler unit over a restructuring plan could lead to its bankruptcy. Unless Daimler's aerospace unit Deutsche Aerospace AG (Dasa) and the Dornier family
        74 words
      • 68 30 AMSTERDAM Major Dutch construction company Hollandsche Beton Maarschappij (HBM) becomes the first such company in the country to meet the internationally recognised ISO 9001 standard for international quality management. The company was assessed and certified by Lloyd's Register Quality Assurance. HBM's system works on the premise
        68 words
      • 75 30 LONDON Micoperi 7000, one of the largest crane barges, has become the first vessel to receive the Lloyd's Register highest dynamic positioning class notation DP (AA). The classification, introduced last year, provides for an independent stand-by automatic DP control station in a separate location for
        75 words
    • 1016 30 The New York state legislature has passed a bill on tax exemption for foreign shipping firms, thus closing a legal loophole The American Shipper A BILL restoring an exemption from New York City tax for international and inter-state shipping corporations has passed both houses
      The American Shipper  -  1,016 words
    • 752 30 NEWS of the removal of Soviet President Mikhail Gorbachev shook confidence but the dry cargo market did not overreact, brokers said. The news saw freight futures firm all summer on promises of large Soviet charter volumes plummet but the charter sector remained quietly steady, they said. The Baltic
      752 words
    • 125 30 FREIGHT futures on London's Baltic International Freight Futures Exchange (BIFFEX) exceeded their limit of a 50-point fall in reaction to the coup in the Soviet Union. In early afternoon trading, the index of the October position stood at 1,630, against 1,700 at the close of trading on Friday
      125 words
    • 12210 38 This is a list of ships loading l at Singapore for ports around J the world. It tabulates, by h destination, the name of the v ship, the shipping line in- J volved and the estimated dates of arrival and departure c from the Port of Singapore.
      12,210 words
    • SHIPS IN PORT
      • 526 45 to* fry Ho BrUi Dqtarfrrt Marina Terminal 1 Batam Mam *****1 M04 2108/2300 Btm Bahama *****1 M02 alongside 20 08/2300 Cafiaya Harap 10 M02 alongs«Je 20 08/1700 Lady Anna 9110 M01 ak>r«side 20 08/2300 San Batam SB72 M05 ato(*s*Je 21.08/2300 Sea Pal PM001 M02 alongside 21 08/0600
        526 words
      • 988 45 RECEIVING Of EXPORT Fa CONTAINERS AND LCL CARCO Record Booking/Balance Rstts Ship Voy No Etb/Btr Period From To From ACx Lily UA 23/0900 2 20/1700 21/0659 21/0900 3 21/0700 21/1159 21/1400 4 21/1200 21/1459 21/1700 Ala Bhum 517N 22/0030 1 20/1500 20/1659 20/1900 A| Mirqab 57 23/1600 1
        988 words
    • 467 46 Reuter NEW YORK Bruce R Nobles has the daunting task of convincing Wall Street and the aviation world that the time is ripe for a major new airline. Mr Nobles took on that quest on Monday as he was named president
      Reuter  -  467 words
    • 544 46 Move to promote cleaner fuel and capture new market NYT DENVER Conoco was to start selling propane yesterday from pumps next to gasoline pumps at some of its stations in the Denver area, in a push to promote a cleaner fuel and capture
      NYT  -  544 words
    • 268 46 Reuter OTTAWA Tyre failure before takeoff caused the crash of a Nationair DC-8 over Saudi Arabia last month that killed all 247 Nigerian Muslim passengers and 14 Canadian crew on board, Canadian investigators said. The Transportation Safety Board of Canada said
      Reuter  -  268 words
    • 180 46 Reuter SEATTLE The Boeing Co said a fractured piece of an O-ring could accidentally deploy thrust reversers of the type used on a Lauda Air 767 that crashed in Thailand three months ago, killing all 222 aboard. Boeing spokesman Randy Harrison said
      Reuter  -  180 words
  • Page 29 Advertisements
    • 30 29 Lines and services represented by l Members of the Registry ef Accredited (*£ffcSfel] Shipping Agents, Singapore National Ship- VyfcKjWs) ping Association. hof tulverlisinx enquiries, contact Shipping limes: I'el 710-2I)NV//40- ?OW
      30 words
    • 129 29 SINGAPORE'S NEW FORCE IN VESSEL MAINTENANCE UNDERWATER SHIPCARE PTE. LTD. COMPREHENSIVE SERVICE WITH PROVEN EXPERTISE 2A P.o-~cc f Scc'c 1 J-'c-g S -iqoco'e 2262 •Tel: *****11 The Specialists in f r x S62 -17! underwater slupcare R$ 362V2 UWSC 5^ < i "1 v-, ,|5 v N ijfl l '♦<;
      129 words
    • 29 29 Container Schedule 17 Oarfy 2 Index to Advertisers 1 Slapping Guide 10,11 Sfcps m Port 17 Singapore Tides 17 Transport Diary 3 Weekly 2 Weather and Sea Conditions 17
      29 words

  • Page 30 Advertisements
    • 95 30 /'v\ could be a controversial deal between two stock I 1/ market stars, a thought-provoking report by L*n[. university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section
      95 words

  • Page 31 Advertisements
    • 2437 31 ———————i—————————_———————————— r, M OOCL <S) PTE LTD JARWNE SHIPPING AGENCIES TEL *****11 FAX *****09 Alllff BOOKINGS TEL *****34 *****58 WHIM W TERMINALVCFS TEL *****18-220 CQfififl H PESAKA JAROINE SHIPPING AGENCIES SON. BHD k. PORT KELANG TEL *****18 FAX *****91 /367?788 PfcNANG TEL *****4 FAX: *****1 CFS TEL: *****6 Dedicated to
      2,437 words
    • 3592 31 TRANSPORT DIARY |yi}WS|JWß|f[M I'm&'"" m F ean,a:d hvFiC5 w d TWO SAILINGS TO USA Claims of International Trade Specific Ksuev Contextual SINGAPORE/TACOMA 18 DAYS SSSf d f>pen ,0 a d b ha WoHd SINGAPORE/LONGBEACH —19 DAYS Sept 14-18: Japan International Aerospace Exhibition. Tokyo, ~~vws voy~ eta [~ETO~ -Port -Penang Sept
      3,592 words

  • Page 32 Advertisements
    • 1184 32 |ROTTEOAM/| VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE HAMBURG EXPRESS 04/133 22/8 14/9 10/9 9/9 HANNOVER EXPRESS 04/333 25/8 11/9 13/9 16/9 17/9 BaQlt KATSURAGI 07/134 29/8 21/9 17/9 16/9 THAMES 07/334 1/9 18/9 20/9 23/9 24/9 i ALL WESTBOUND P. LA SEINE 20/135 5/9 28/9 24/9 23/9
      1,184 words
    • 688 32 SEASPAC SERVICE DWECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT IS LA FLOREANA 2508E8 2/9 16/9 21/9 26/9 ALSO ACCEPTB4C CARGO MA SUVA TO LAUTONA. PAGO PAGO. APIA 4 NUKUALOAFA DWECT CM-E/ SOUTH AMERICA SERVICE SIN lOQ ANF STO VAP CLX IS LA FLOREANA 2509E8 2/9 9/10 10/10 13/10 15/10
      688 words
    • 1625 32 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND F6R EUROPE VSL/VOV SM ALG BCI HAM BRE ROT ANT FQ LNA (VIA (MA (VIA HL6) HAM) ROT) NORASIA PRINCESS 9123-3 21/02 11/09 13/09 IS/09 17/09 11/09 19/09 20/09 21/W JAPAN-SEA 124W 25/08 15/09 17/09 20/09 21/09 22/09 24/09 22/09 24/®» CHINA SEA 125*
      1,625 words

  • Page 33 Advertisements
    • 2075 33 Steamers MaritiineTioidings Ltdj %r""" V Pftr?T WMstraits shipping! Container •q N» +f««/ +fM fTper*"] M| Sm Ant IM Hb« ACCEPTS DUE SAIS I uea HKia suo i7/o» i*/m 23/ot m/m o«/o» n/n n/o» caugo I CMOKAN BAY 0450 17/ M It/OS 24/ M 10/09 12/09 14/09 STRAITS HOK VI2I KK.
      2,075 words
    • 2301 33 m p I TO: U.S.A. PANAMA FM: USA-PANAMA I S kskl/vot v om id m fm tm wo* wvc w»i mc wot ui cm l» on «MTn« tim "S7T li/i »/< vio t/it o/io rat Yokohama «ai?7 \%n wi i*/i 10/7 a/7 nn m* I CMOYANG MCTtKY IFIM Jl/0 IS/0
      2,301 words
    • 406 33 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS «sa Ivor |v pi Ticuc [m a lark 15 ao 1 RANGE MOON 15 15/ i I "a/t isean trade* "Ti "S/i "51 "I 1 air* 15 »7i H/i i«o It "27/ i 1 mm li li/i Tn am arm ijs
      406 words

  • Page 34 Advertisements
    • 630 34 ill CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE TO EUROPE ;KL/wy rroK HMM/MMM wane bremen wnww .KUTM/23W8 6/9 J/10 15/1# 19/10 22/1# »IMTAMII/]OM 7/1# #/ll 14/11 11/11 21/11 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO r tMbfrrt to inducement. Also scceptirtg cargo to Casablanca. Pah Said, Port Alexandria. Ganoa. Trtoato. ALSO
      630 words
    • 1002 34 f^iTaaTEl V HANJIN SHIPPING IS'pora LEH RTM ANR HAM BRV FEL FEEDER VSL 5 LME HAUL LGB OAK HANJIN SPORE 002* 21/8 6/9 7/9 8/9 8/9 9/9 10/9 HANJM K WANG YANG 079E 27/1 (MENTAL KNKSHT IS/9 21/9 HANJIN MASAN 064W 25/8 12/9 13/9 14/9 14/9 15/9 16/9 HANJM VANCOUVER
      1,002 words
    • 63 34 •jftv ii REGULAR WEEKLY SERVICE TO: DUMAI* PERAWANG* PEKANBARU 5 VESSELS OPERATING BATAM SERVICE EVERY MONDAY A THURSDAY OWNERS Jk OPERATORS OF CAROO VESSEL, TUGS A BARGES SPECIALISE IN HEAVY-UPT, PROJECT CARGOES TO ALL INDONESIA, MALAYSIA, THAILAND. PHILIP INE PORTS. OFFER CHARTERINO OP OUR CAROO VESSEL, TUGS St BARGES. TEL:
      63 words
    • 1206 34 \i j T l I I PHI SGP IMG MG KIG PUS IK! OSX NGY SM2 TTO UU CHS ML NTCUff MM KM DT IK ftt CM Ki I eGMBYK-OSO ta Ft 20/0 Z7/0 2J/0 1/5 2/1 4/9 V* 1/1 11/1 1/10 3/11 5/10 14/10 15/10 10/10 17/10 10/10 S/10
      1,206 words

  • Page 35 Advertisements
    • 1958 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) J* BOOKINGS- NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 f UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 AUST/INDIA/PAK SERVICE: *****18 CFS K27 EXPORT *****53/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 nepline SDN bhd Malaysia K L -(03) *****33,
      1,958 words
    • 639 35 SNSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) BALT ORIENT LINE ba, t ,.Vnk A,,A EASTBOUW—06CHM<aNG rjT OS LI rr FULL CONTAINERSHIP
      639 words

  • Page 36 Advertisements
    • 1599 36 K 44 W(CR No: **********0 M) W Vm T AS AGENTS: KAWABAKI SINGAPORE (PTE) LTD Md TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 ■V I V MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD TTL, TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1. KAWASAKI KISEN KAISHA, LTD Indonesia: p.t. sarana
      1,599 words
    • 1129 36 WQ PHIII-ORI€NT LIN€S PTC LTD r 108 Robinson Road #07-00 GMG Budding Singapore 0106 Tal: *****22/*****69/*****00 Telex: RS ***** PHIU FAX: *****70/*****33 by air, land or 5ea..... iVE TAKE ON THE WORLD FOR YOU (flg MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 27 AUG MONTREAL. OTTAWA, TORONTO. 25 AUG DUBAI. DAMMAN,
      1,129 words

  • Page 37 Advertisements
    • 1548 37 5353 PACIFIC INTERNATIONAL LINES (PTE) LTD SSSSiI MMI P'L Building, 140 Cecil Street #0300, Singapore 0106. [BANGKOK I vessel 7<rr un jkt *n taho ,m S',? 2£ 2ft BUNQA TERATAI 343 2S/8 27/8 1/9 efrjc 9103 24/8 28/1 31/8 EDEN 351 27/8 29/8 3/9 KOTA PAHLAWAN 9131 27/9 30/9 2/9
      1,548 words
    • 1174 37 bSnline containers IFD 200 Cantonment Road Tel: *****22 #13-05 Southpoint I>A Fax: *****63 1 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S' HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Benaktef f 286 24/8 12A9 13/9 Bunpa Pefmai* 298 26/8 12/9
      1,174 words
    • 476 37 M MYANMA wttk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.Klf Pen P.Gdf HP* AN VlfiCN SM In Pt MYOMA TWA Vl36* In Pt 26/ M Auf 2«/» Au« AVA VIIOW 22/24 Ay* PAGAN VI74W 2C/2t Auf •jgATHE BANK UNI (A Mnkt of Andrew Weir Shipping)
      476 words



  • Page 40 Advertisements
    • 690 40 TO AUSTRALIA/NEW ZEALAND Sin From Moft S,d Audi Nfi |P CHAIM ELLEN WING 27t 2t/t 2/9 »/J 12/) 17/J 19/9 20/9 BRUSSEL 277 10/t 17/9 22/9 2t/9 1/10 3/10 «715 C VCROIME 270 m 7» 2/10 7/10 12/10 11/10 207T0 AWWEKfEN 279 10/10 23/10 21/10 1/11 t/11 1/11 J/n TO
      690 words
    • 901 40 ESMSBBB EXPORTS TO HONGKONG, TAIWAN I lAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE [OUTBOUND VOY Wl PEN HI SW MM HKG KAO KEE TYO SM2 NGO KOB VESSEL VOY |SW [PHL fPI M.W SW m MB.OPT 298 17 8 "HI 28-8 231 291 11 49 59 EQUATOR PRtt 68 22.1 23.8
      901 words
    • 218 40 fw^T"P.T^PERUSAHAAN PELAYAR~A?ft i\M KALIMANTAN i 1 DIRECT WEEKLY SERVICE TO j JAKARTA/TG. PRIOK Vessel ETA/ETD DESTINATION NIAGA XXI Voy 18/91 20/21 Au Jakarta/Palembant I NIAGA XXN Voy 19/91 22/23 Aug Jakarta/Palembanf I I NIAGA 42 Voy 14/91 26/27 Au Jakarta/Palemban t NIAGA XXI Voy 19/91 29/30 Au Jakarta/Palembanj I NIAGA
      218 words
    • 1536 40 /C~ tsia jf si N CHINA OCEAN SHIPPING COMPANY I FULL CONTAINER LINER SERVICE Malaysia* AGENTS SINGAPORE'S GENERAL AGENTS man AGENTS CHUNG CHIAO SHIPPING SON BHD COSTAR SHIPPING PTE LTD P-T* GLOBAL PUTRA ia: PTE LTD INDONESIA MARITIME SBST TEL :SrUH SIM TELBb RS *****/1 COSHP W- K jmWUI *****4
      1,536 words

  • Page 41 Advertisements
    • 559 41 GUARANTEED CONSOL TO:- KEELUNG/KAOHSIUW6 25.8.91 HONG KONG 25.8.91 BUSAN 25.8.91 BANGKOK 25.8.91 EUROPE 25.8.91 TOKYO/KOBE/YOKOHAMA 25.8.91 USA 25.8.91 AUCKLAND 23.8.91 FREMANTLE 24.8.91 I SYDNEY/MELBOURNE 23.8.91 FOR BOOKING PLEASE CALL AT OUR HOTLINE 538-0155 (8 LINES) FAX: *****92 PLEASE CONTACT CAME TAN. KATHLYN TAV, SOPHIA BAY OR KAREN SIM FAST DffECT
      559 words
    • 472 41 St TEL: *****33 (12 Linos) ZZL FAX: *****15/*****03 pi TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN SHIPPING UNES r J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA I LOADING FOR SPORE ANDINET 24W8 31/06 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA ABYOT 25W8 20/08 DARESSALAAM MOMBASA DJIBOUTI ASSAB.
      472 words
    • 1300 41 seaward TRADING GO (S) PTE LTD "gL A eu £U fU *$$a WY m «T wr iwwwt MWW SPORE PORT KEiANG PCMAN6 DAS* t 62 MPt 24/8 NMU MUM MM lhm Wt~ tm 25/» Uadinjftoi M»le BKJM 105$ 24/8 27/8 CHAIYA BHUM#* 20M hi 24/1 Tm 27/« RUVM HUM! 30/S
      1,300 words
    • 351 41 I TKff-unE VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY WN MAA SM TIGER STAR 170N 25-25/08 31-02/09 08-09/09 KURH.SK 02CS In Port 27-27/08 03 03/09 TIGER BAY 171N 26-27/08 02-04/09 10-11/09 EAGLE CAPE 017 30-31/08 08-09/09 14-14/09 VSL VOY SMQAPORE/CALCUTT A/SMQAPORE VESSEL VOY SM CM. SM EAGLE BREE2E 076 IS-18/08
      351 words

  • Page 42 Advertisements
    • 1302 42 S'PORE IMPORT: *****02 I I PENANG: (04) *****6 J. BAHRU: (07) *****2 KK: (068) *****0 MEDAN: (061) *****2 P.KEIANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 I f)JfGSCAN/Mt& PORTS AFRICA pEN pK S|N PK S,N Colombo 23/8 24/8 25/8 ?3/8 24/8 25/8 Ldn/Fli/Rdm/Ant Durban/Pt Louis 24/8 25/8
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    • 302 42 BLUE STAR LINE TO FROM NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW~ZEALAND PORTS SIN NPI AKL LTT SIN MAHSURI 0502 27/« *J* J*}- 27/4 PROSPECT US «/9 »/> VW NTL 22/» MA NO AM A 0504 2i/S 3/10 VIA NPI 5/10 22/10 FULLY CONTAINERISED SAILINGS DISCHARGING AT
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    • 909 42 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA KSSEL |WT lETA IttST VESSEL VOT SP9IE P. KEliWt KIM
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    • 321 42 iMk Efip NVOCC FRATA CONTAINER LINES ARE PROUO TO OFFER OUR CONSOLIDATIONS TO A WIDER VARIETY OF PORTS. PORTS FREQUENCY/NTH ETA W TRANSIT THE AUCKLAND 3 SAILINGS 27/08 14 DAYS BANGKOK 4 SAILINGS 25/08 3 DAYS CALCUTTA 4 SAILINGS 24/08 5 DAYS CHTTTAGONG 4 SAILINGS 25/08 5 DAYS COLOMBO 3
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  • Page 43 Advertisements
    • 768 43 \K^^^compan3^eruan^^^ vKa de vapores "PERUVIAN STATE LINE" ACCEPTWG BREAKBULK/FCL/SOC CARGOES TO/FROM CALIAO, MAT ARAM, LO* I OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BRL Of LADING. h«|* P. Ktimt Swn ntM SHAfLAEVERETT 03/04 Upt 05/06 S4* THOMASEKKETT 03/05 Oct OC/0S Oct 11/12 Oct MMMEVtIETT 12/14 Oct 15/17
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    • 539 43 Ift Nov InoKhMfP La to [w liw >n I LfEWMD K 24/1 EM HOMKONG M/S M/ 8 4/16 ft/18 8/18 BH OSMU IS 29/8 at nniMB 2/18 U/18 IS/18 17/18 18/18 IN SYDNEY 12* 8/8 a* 80M U/18 23/18 27/18 28/18 11/18 ai norm i« u/s at mom m/ 18
      539 words
    • 584 43 MULTI-MODE SHIPPING PTC LTD I MIDDLE-EAST/PERSIAN GULF Acccrrmo fculcl DUBAI. DAMMAN SHARJAH, DOHA. MUSCAT. BAHRAIN ABU DHA», BANDAR ABBAS IE DO AH FAR EAST ACCEPTING FCULCL PtNANG P/RELANG. iAKARTA. BANGKOK. HONG KONG. TAIWAN. JAPAN MANILA. HOttA UK/EUROPE ACCEPTING FCL/LCL LONOON. FELIXSTOWt LEEDS. TIBURY, ABERDEEN. LE HARVE. HAMBURG, ROTTERDAM. ANTWEP. GOTHENBURG.
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    • 594 43 ns PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASETIA 191 A 22/08 25/08 PELOPOR 1002 24/08 27/08 DERAJAT 951 27/08 30/08 PRASETIA 193 A 29/08 01/09 PELOPOR 1003 31/08 03/09 TANTO UTAMA 187 28/08 31/08 TANTO UTAMA 189 04/09 07/09 TANTO
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    • 413 43 t V 11 4 SIN FM EAST 23/8 KEELUNG/KAOHSIUNG 25/8 BANGKOK 24/8 MANILA/CEBU 24/8 JAKARTA/BELAWAN/SURABAYA 24/8 PORT KELANG/PENANG/E. Malaysia 25/8 BUSAN 23/8 TOKYO/YOKO/KOBE/NGO/OSA 24/8 HONG KONG S|N CHINA 24/8 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EWOPE/UK 24/8 LDN/FLX/LVP/SOU 29/8 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech.
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  • Page 44 Advertisements
    • 829 44 C/l FIL CONTAINER SERVICE PTE LTD CALCUTTA BANGKOK VSL 3IN/MADRAB VBL BIN/CALCUTTA VBL BIN/BANOKOK SIN ma A SIN SIN CAI SIN SM BKK NUT AVAR. ABIE 22-23/ M 29-31/ M 06 07/09 ml AVAIL ABIE lt-l)/OI 25 -»/W 04 05/09 NEXT AVAR. ABIE 20 08 23/01 24-27/08 02-04/09 10-11/08 24-25/08
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    • 495 44 Eonterml CONTERM FREIGHT (F.E) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION AUCKLAND 26 AUG ALSO ACCEPTING CARGOES TO: POUT VESSEL ETA NEXT BANGKOK CONTERM P. PROGRESS 27/1 3/9 JAKARTA CONTERM EDEN 27/1 3/9 PENANG CONTERM A. BHUM 25/8 1/9 PORT KELANG CONTERM SAROJA 24/8 31/1 EUROPE CONTERM MASAN 25/8 8/9 AUCKLAND CONTERM
      495 words
    • 463 44 CIIJI con-wv mTERmopRiS "j^UFC^ERVICEFROM^TFTj^r IB [fil /^BI 8 CU/I op«»lM oy«r 600 l*mlr»l«/offlMi In U.S./L II 1 CUM InOon General Agents: 7BAA/STJA//C--Of/1 PENANG- KL: allied-link SINGAPORE: m 04-*****2 03-*****55 778 6522(22 lines) SEES Marina Ong Suun Ng/Phlllp Km Iran# Cheng/Eather Yap I —PLATOU PACIFIC I SHIPPING SERVICES V REGULAR PAH
      463 words
    • 438 44 MANILA ETA VIGOUR SgGAfOUR 7NB 21/8 VIGOUR PACIFIC UNB 31/8 BANGKOK 24/8 31/8 BUSAH 25/8 2/8 HONGKONG 25/8 2/9 DURBAN/PT LOIHS 27/8 12/9 KEELUNG 26/8 2/9 USA 26/8 2/9 PT KELANG 26/8 30/8 KOBE 25/8 ¥9 PIRAEUS 2/9 12/9 OSAKA 28/8 4/9 JAKARTA 27/8 30/8 SURABAYA 27/8 30/8 CHINESE-POLISH I
      438 words

  • Page 45 Advertisements
    • 955 45 OcOcOOcvOcOcvCK 1992 NEDLLOYD V VAN TBAN^ H T E ni«°«S! iOUP V mStJS EUROPE SERVICE COMES WITH 0 votaiher consolidatlon services: X WfW fmmai m RELIABILITY THE ONLY CONSOLIDATOR WITH WORLDWIDE NETWORK Pi 1 NEW ZEALAND/FUI V J WPrtlv FPI /I PI qprviMK Tn/Frmn V 7 VESSEL *t P.Kg 'Pen
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  • Page 45 Miscellaneous
    • 313 45 TIDES AND WEATHER —mmmmmmm —nrim TODAYS TIDES in metres) HOUR 0000 0100 0200 0900 0400 0500 0(00 0700 0800 0900 **********00 **********00 1(00 **********00 *****1 M Z290 23M JR U 1.2 09 08 08 09 1.1 13 1.5 1.7 1J 1.8 16 1.5 1.4 1.4 1.5 1.7 1.9 U 2.4
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  • Page 46 Advertisements
    • 827 46 CHARTPOINT Every Saturday in Business Times HYUNDAI A MERCHANT MARINE CO. LTD. EASTBOUNP FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST rang VOT mi m |s» uc haul vot lbh oak sa u* haul wt tcm/ka rn IMG CHUN 121 19/08 20/08 22/08 H. MNOVATOft (K 18/09 21/09 24/09 GOLDCN GATC
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    • 158 46 PASIR GUDANG/SINGAPORE TWICE WEEKLY SAILINGS QUE A SAT) VESSEL VOY P.GUDANG S'PORE JOSINDO SATU 027S 23/8 24/8 028S 26/8 27/8 029S 30/8 31/8 030S 02/9 03/9 031S 06/9 07/9 032S 09/9 10/9 RASIR GUDANG SINGAPORE (07) *****0/*****1 (02) 534-0042 SS 5 7 A A M r» 1 DAMAR SEGARA AGUNG
      158 words
    • 535 46 CHARTPOINT Every Saturday in Business Times 2 times a week |5m Freight Management Singapore: 7 Keppel Road #01 -26 Tg Pagar Complex. Singapore 0208 Phone *****11 (30 lines) Fax *****59/*****69 Bangkok: 14/15-17 Rama IV Road, Soi Phai Singto, Prakanong, Bangkok *****, Thailand Phone *****29 Fax *****17 UK/CONTINENT (TRIO) Cn ITSirn.™
      535 words