The Business Times, 26 September 1991

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Thursday, September 26, 1991 75'
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  • NEWS SUMMARY
    • 78 1 GENEVA Opec ministers have reached agreement, in principle, on an output ceiling of 23.65 million barrels a day for the fourth quarter of this yea*, Gabon Oil Minister Agustin Hervo-Akendengue said here yesterday. "You will have an official communique afternoon," he
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    • 41 1 MQSCOW Boris Yeltsin cancelled a meeting with German Finance Minister Theo W«jgel yesterday to take a suddefc holiday, sparking fresh speculation over his health. But his spokesman Pavel Vothchanov rejected suggestions that the 60-year-old Russian president was unwell.
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    • 35 1 LEADING Japanese contractor Penta-Ocean will be spending about $60 million in men and machinery, after clinching twto reclamation projects worth $382 million in a joint bid with local firm Koon Constitution Page 2
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    • 27 1 A ffOTEL SITE offered by the URA in Chinatown that failed to 'fle awarded last year is on the market again Page 2
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    • 40 1 BRITISH Prime Minister John Miuor has warned of "grave difficulties" facing the EC in trying to reach a treaty on political union but says the latest Dutch presidency plan is still "a basis for further negotiation". Page 10
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    • 34 1 CONSUMER spirits in the US, which wilted this summer, continued to droop after Labour Day one more sign that the recovery in consumer spending continued to be unusually weak Page 11
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    • 28 1 JAZZ saxophonist Lee Konitz is one of the few improvise rs remaining who, like the late Stan Getz, are immediately recognisable by their sound P««e 17
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    • 24 1 LOCAL agent Segani loses its anchor principal next month when German carrier HapagLloyd starts its own agency. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 36 1 WALL STREET stocks declined slightly in early trading yesterday, showing little fol-low-through from Tuesday's strong close. The Dow Jones average of 30 industrials slipped 1.79 points to 3,027.28 in the first hour of trading.
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    • 24 1 LONDON share prices were higher at midday yesterday. At 1110 GMT, the broad-based FTSE 100-Share Index was up 11.6 points at 2,588.2.
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    • 41 1 HIT by the double-barelled blows of the Gulf War and poor trading conditions on the US trade, Neptune Orient Lines has suffered a 10.8 per cent drop in adjusted net earnings to $19.64 million at halftime Page 3
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    • 24 1 THE Chhabria group, India's seventh largest business organisation, is busy re-organising its empire after several years of unbridled growth Page 4
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    • 42 1 AUSTRALIA'S federal and state governments should sell their banks and financial institutions and foreign banks should be allowed unlimited entry to Australia and be able to set up branches rather than subsidiaries, says a government advisory body. Page 6
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 673.40 -1.61 Kuala Lumpur ....523.08 +2.05 Tokyo 23,577.42 +243.72 Hongkong 3,901.95 -2.24 Sydney 1560.5 +6.9 Tuesday Change New York 3,029.07 +18.56 London 2,576.62 -2.9
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    • 24 1 Exchange rates USS SS 1.6955 100 Yen SS 1.2729 MS SS 0.6170 M#My market rates Overnight 4 3/8 +1/8 3-month 4 3/4% -1/16
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    • 37 1 London Gold AM fix US$352.40 USS1.15 Rutofeor S'pore Oct I35.25'/kg +0.25 M'sia Oct— 221.50*/kg unch KL Tin Turnover 45 tonnes -II Spot MS 14.85/kg -0.01 Credo pohn oil Turnover 896 lots -9 Nov MS800 /tonne +10
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  • 440 1  -  New firm capitalised at $100,000 By Rahita Elias SINGAPORE Marinebased Sembawang Group is finally realising its ambition of establishing a direct presence in the financial sector. The budding conglomerate has set up a leasing company called Sembawang Leasing. According to the Registiy of Companies
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  • 782 1  -  The SICC-PUB tussle By Lee Han Shih SINGAPORE The government will take back Singapore Island Country Club's golfing land and put it up for open tender if SICC insists on refusing to pass control of the cash-rich club
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  • 228 1 SINGAPORE Singapore should aim for more information networking within the country and with other countries in order to expand social, cultural and business opportunities. This way, information technology (IT) would not only strengthen the Republic's economic position as a global hub but also enhance
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  • 385 1  -  Deal will give S'pore access to latest technology By Genevieve Cua SINGAPORE Two Singapore companies have taken a stake in a UK-based company in a deal that will give the Republic access to the latest chilled-food technology. The technology is so promising
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  • 426 1  -  Fran Maggie Ford in JAKARTA INDONESIAN economic officials are struggling to hold the line against inflation and a sharp rise in the current account deficit in the wake of continued strong growth in foreign investment. Although policymakers have succeeded in cooling economic
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  • Page 1 Advertisements
    • 242 1 CaooaOaßacoivorCSoriea FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. f'UiH": Phone; *****33 kaala L—pir: Ptwne; 757 0233 Paaaof: Ptwne. 615 965/619 014 Mart* Ptwne; 374 065/380 1472 Ad Marketing 14 KLSE 21 Weather 27 Arcraft Schedule 27 Money Changer Rates —27 Hariri Nam 10,11 26 Money! Market 25 Far market «fc«
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    • 6 1 IT is the key, Pg 12
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    • 31 1 I Rodenstoch Sarawak polls: Dayaks make their stand, Pg 13 SOSUM MK ■W 80 ELECANT HP 5 1' Id lljjn V If I v. SIKO INSIST OK SEKO'S INTERNATIONAL GUARANTEE CERTIFICATE
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  • HOME NEWS
    • NEWS ROUNDUP
      • 172 2 THE Minister for Foreign Affairs, Wong Kan Seng, will be attending the 46th United Nations General Assembly in New York from Sep 28 to Oct 2. He will attend a regular informal meeting of Asean foreign ministers to discuss issues of common concern at
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      • 103 2 IN JULY and August, another 10 Singaporeans, one of them a female, were found to be infected with Human Immunodeficiency Virus (HIV), the virus that causes Aids. Three of them are married. All ten contracted the disease through casual sexual contacts, four of which were
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      • 34 2 OIL COMPANY Esso will this Saturday present 27 awards to students who perform well in sports. Twenty-two from pre-university/technical institutions and five from universities will receive the Esso Sports Scholar Awards.
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    • 223 2 MARINA VILLAGE International has been hit with yet another suit to add to the string of actions brought against it by its creditors. Tantronic Electrical Services Pte Ltd has applied to the High Court for a petition to wind up the food-and-enter-tainment complex in
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    • 330 2  -  Work on reclamation projects to begin next month By Sangeeta Mulchand LEADING JAPANESE contractor Penta-Ocean will be spending about $60 million in men and machinery, after clinching two mega reclamation projects worth $382 million in a joint bid with local firm Koon
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    • 266 2  -  By Lilian Ang THERE IS scope for the oil industry and environmentalists to work together, said Professor Tommy Koh yesterday. Speaking at the Seventh Asia-Pacific Petroleum Conference, Prof Koh, chairman of the preparatory committee for the United Nations Conference on Environment and
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    • 335 2  -  By Elaine Koh A HOTEL SITE offered by the Urban Redevelopment Authority in Chinatown that had failed to be awarded last year is on the market again. The tender for the site opens today and will close on Dec 19, said a
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    • 159 2 WORK on the superstructure of Suntec City's $500 million convention and exhibition centre began yesterday with a Korean prayer and the lifting of the first steel beam. According to Suntec City Development chairman Tan Sri Frank Tsao (left), completion of the centre, which will seat up to
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  • Page 2 Advertisements
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  • COMPANY NEWS 1
    • 555 3  -  By Rahita Elias SINGAPORE Hit by the Gulf War and poor trading conditions, national carrier Neptune Orient Lines (NOL) suffered a 10.8 per cent drop in adjusted net earnings to $19.64 million at half-time. The fall in earnings would have
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    • 434 3  -  property arm Bedford Bhd turns in 28pc rise in interim group net earnings b, Dexter Lee SINGAPORE The buoyant JAalaysian economy has helfttd Hong Leong Industrie£ 6hd chalk up another yeafvjgf improved profitability, wkh group net earnings hitting a record M 554.02 million, up
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    • 393 3 SINGAPORE Hume Industries (M) Bhd has posted a 12.6 per cent rise in group net earnings to M 538.55 million (Ss23 million) for the year ended June 30 despite a letdown in orders from the North-South Highway supply contract. In a statement yesterday, Hume,
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    • 334 3  -  Chuang Peck Ming SINGAPORE Construction group Lee Kim Tah Holdings Ltd turned in a good first-half performance, with after-tax profits shooting up 177.6 per cent to $1.09 million from $392,000 a year ago. This jump came on the back of a
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    • 246 3 SINGAPORE Alliance Tecpioiogy and Development Ltd posted a 67 per cent* drop in interim net earnings to $15,000 from $46,000 a year earlier despite an per cent rise in turnover -to $1.63 million from $871,000 previously. Affiance, formerly known as Ambassador Holdings Ltd,
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    • 242 3 Bernama KUALA LUMPUR Kamunting Corp Bhd, which completed its acquisition of Multi-Purpose Holdings Bhd in the middle of the last financial year, will develop further its core activities. Kamunting director Haji Anuar Hamdan said the group was coming back into the market with
      Bernama  -  242 words
    • COMPANY BRIEFS
      • 78 3 KUALA LUMPUR The High Court has postponed to Monday an application by Sri Hartamas Corp Bhd to declare void an offer document pertaining to the acquisition of its shares by Lam Soon Huat Development Bhd. The offer document was issued to Sri Hartamas shareholders
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      • 60 3 SINGAPORE Shareholders of Sunshine Allied Investments Ltd have approved the purchase of the entire issued capital of Fairbridge Corp for US$lOO,OOO (S$ 170,000); the licensing agreement between GHIH Trademarks Ltd and Fairbridge Corp; and the distributorship agreements between Upali (M) Sdn Bhd and ACI Marketing Pte
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      • 42 3 IMC Holdings Ltd, which moved its operational headquarters from Hongkong to Singapore in July, said it had purchased a log bulker, the Ocean Master, for HKSB6 million (SS 18.8 million). The 26,320-tonne vessel was built in 1984.
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      • 31 3 Harimau Investments Ltd yesterday said that, based on the group's unaudited accounts on Aug 31, the company's net tangible assets for each $1 share now stood at 551.64.
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      • 180 3 SINGAPORE RMCA Re has written to BT to say that it is not contemplating "closing shop", as was implied in yesterday's BT report "RMCA Re still thinking about closing" shop". RMCA Re said it had referred to the possibility of a run-off of its existing reinsurance liabilities.
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    • COMPANY BRIEFS
      • 71 4 SYDNEY Hongkongßank of Australia took the first step on Tuesday toward bankrupting failed businessman Alan Bond by filing a court notice giving him 28 days to repay U*****.64 million. Mr Bond, best known for financing Australia's stunning triumph over the United
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      • 133 4 TOKYO A former Japanese newspaper company president yesterday pleaded guilty in a local court here to charges of tax evasion totalling about 3.4 billion yen the record for a personal taxpayer, a court official said. "I admit all the facts in the indictment," Hirotomo Takei, 70,
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      • 97 4 SYDNEY Directors of Australian Consolidated Minerals Ltd (ACM) said they recommend shareholders accept the joint takeover bid by Western Mining Corp Holdings Ltd and Normandy Poseidon Ltd. The bidders, through Resplendid Pty Ltd, are offering AS 1.11 a share for ACM and now hold 66.83 per
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      • 113 4 SYDNEY The Broken Hill Pty Co Ltd plans to cut a further 3,000 jobs in its steel division in the face of continued depressed demand, chairman Sir Arvi Parbo said. He told BHP's annual meeting the division had set a goal of annual savings
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      • 112 4 TOKYO Nintendo Co, a major Japanese toymaker, said it has commissioned Hyundai Electronics Industries Co of South Korea to produce on a knockdown basis its popular video-game machines. It will be the first time for the games to be produced outside Japan. South Korea banned
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    • 534 4 FT LONDON Chhabria Group, India's seventh largest business organisation is busy re-organising its empire after several years of unbridled growth. From 1985 to 1990, Mr Manohar R Chhabria, a Dubai-based consumer electronics tycoon acquired seven important Indian companies and a host of subsidiaries
      FT  -  534 words
    • 457 4 HONGKONG The Thaiowned agro-industrial group CP Pokphand may end up with a sizeable stake in the Bangkok telephone system if parent Charoen Pokphand's proposals for CP Telecom go according to plan. But CPP executive vicepresident Tony Asvaintra said
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    • 234 4  -  From Koichi Ishiyama in TOKYO NIPPON Electric Glass Co, Japan's largest and the world's second largest producer of cathode-ray tubes (CRTs), yesterday announced that it would invest 10 billion yen (SSI2S million) in setting up a new CRT-glass plant in
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    • 211 4 JAKARTA Indonesia's state telecommunication firm Perumtel has now become a limited company in order to promote the professionalism of its services, Antcura news agency said yesterday. Antara said that Post, Telecommunication and Tourism Minister Susilo Sudarman on Tuesday formally changed the status
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    • 496 5 UPI YORK Pan Am and its unsecured credion Tuesday jointly filed a Reorganisation plan that would leave the once-leading carrier with its Latin Americaii routes and no common if all works well. ,;> AThe company and the official committee of unsecured creditors filed the
      UPI  -  496 words
    • 518 5 Auction of steel giant's shares collapses in wake of protests Reuter RIO DE JANEIRO Brazil suspended its flagship privatisition at the last minute on TVtesday, as left-wing mili.tints pelted would-be investor'with eggs outside the Rio de 1 Janeiro stock exchange, 'ilAd lawyers in three cities stiabbled
      Reuter  -  518 words
    • 296 5 FT LONDON Mr Robert Maxwell, the publisher, on Tuesday served a writ for libel and malicious falsehood against the BBC over a television programme on Monday night, which looked at the Maxwell business empire. The BBC said it would defend the
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    • COMPANY BRIEFS
      • 92 5 MILAN Tyres and cables group Pirelli SpA reported steep first-half 1991 losses on Tuesday, and the figures surprised many industry analysts. "The figures were much worse than we expected, said analyst Michael Pacitti at County Nat est. Mr Pacitti said he had been forecasting a
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      • 45 5 NEW YORK Coca-Cola Co said it signed a joint venture agreement with Societatea Comerciala, Romania's leading soft drink producer and distributor. The joint venture will have an initial capitalisation of US$l2 million, of which Coca-Cola Co will contribute 51 per cent.
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      • 56 5 LONDON Britain's leading construction group, Tarmac, on Tuesday dented growing confidence about economic recovery by announcing an 81 per cent fall in first half profit and warning it had seen no improvement since June. "Trading conditions continue to be extremely harsh" and are expected "to remain
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      • 54 5 LONDONBritain's Racal Electronics, currently the suborn- a 7^9. m il'' on (SSI.I billion) bid by conglomerate llhams Holdings, boosted its defence on Tuesday by announcing a strategic contract with the US Air Force. The initial contract, to supply radio-based communications USAF security police, was
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      • 73 5 TOKYO Turner International Japan Inc, a subsidiary of Turner Broadcasting System Inc, will begin operations tin Tokyo in October, it was announced on Tuesday. Mr Jack Petrik, chairman of Turner Program Services International, said the Tokyo office will handle the sales of Turner products in
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    • 281 5 AP SAN JOSE, California Biotechnology companies saw record revenues of US$5.B billion (559.86 billion) in fiscal 1991, a 23 per cent jump fuelled by the world's growing appetite for man-made drugs, according to a report released on Tuesday. "Watershed products came into
      AP  -  281 words
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  • Page 4 Advertisements
    • 153 4 nrannprr THE SUN NEVER SETS ON OUR NETWORK. 1 I 1 V -Mr |(j^— Wherever you are based, and wherever your business takes you, MPS Banking Group is always dose at hand. Our ■t j < j worldwide network of branches and representative offices includes New York, London, Frankfurt, Singapore,
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  • Page 5 Advertisements
    • 157 5 ATIS2BHP, ■H ALL THEY'LL SEE ARE MBBMM YOUR TAIL-LIGHTS. I If you want a ride chat combmes the htgh-powered performance to ,ts Sup™ Skispens.cn (Duet-SS) Mulo-Unk Rear Suspense. a, high-speed, with minimal noise U*r fael consumption. of a r twu, cam engule ergonomic The Cefiro is also the first Japanese
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 120 6 wank Ud w,u cu t its short-term prime °j 7 5 .Percentage points to 7 per cent, effective Oct 1, a bank official said yesterday. Other major banks are likely to foUow suit. Sanwa and other banks cut their short-term prime rates
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      • 70 6 WASHINGTON William Taylor, director of banking supervision at the Federal Reserve, said on Tuesday that there is no sign as yet that Bank of Credit and Commerce International exercised daily control over First American Banksnares. oo far we have not found any operational control,
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      • 88 6 TOKYO The heads of the "big four" brokerage firms said yesterday that they did not regard the hefty compensation payments to clients after March 1990 as kickbacks for market losses. Lawmakers and business leaders launched a fresh barrage of attacks at the giant brokerages houses
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      • 59 6 LOS ANGELES In a sign of the potential that investors see in the wreckage of Executive Life Insurance Co, a group that includes one of the nation's savviest investors, one of Hollywood s most successful executives and one of the worid s wealthiest families has teamed
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    • 292 6 Reuter BERNE The Swiss government (Mi Wednesday gave broad approval to a planned reform of its stamp tax on securities transactions that would include abolishing the levy on Swiss investment funds. The reform aims to counter worries by banks that the
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    • 499 6 Reuter CANBERRA Australia's federal and state governments should sell their banks and financial institutions as retention is no longer justified, says an official report. The report by the Industry Commission recommends that in the meantime, governments should stop guaranteeing funds raised
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    • 369 6 NYT WASHINGTON US Treasury Secretary Nicholas Brady and Federal Reserve chairman Alan Greenspan have offered sharply different prescriptions for reducing fraud in the world's financial markets, with messages that responded to domestic politics as well as to global regulatory concerns. Mr Brady,
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    • 216 6 Reuter CANBERRA The Australian government will review its policy of granting no more than 16 foreign bank licences. Treasury Secretary Tony Cole yesterday told a parliamentary inquiry into the banking system that the government would review the policy after assessing the inquiry's
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    • 286 6  -  By Kooi Cho Teng SINGAPORE Thai companies are still looking to fund projects offshore, despite moves by the nation's central bank to ease the money supply. The Panjathani Company Ltd successfully obtained a US$ll million (5518.6 million), one-year credit facility through
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    • 408 6 Agencies WELLINGTON New Zealand's central Reserve Bank announced yesterday it was easing monetary policy, sending interest rates and the NZ dollar tumbling. Bank governor Don Brash said that inflationary pressures were extremely weak and the policy easing would not
      Agencies  -  408 words
    • 177 6 SINGAPORE Sales of Visa traveller's cheques in the Asia-Pacific region reached USSI.I billion (about S$ 1.85 billion) in the second quarter of 1991 a 13 per cent increase over the same quarter last year. Visa International president Carl Pascarella said: "There has been
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  • Page 8 Advertisements
    • 193 8 Scientists estimate that the Continental Drift could bring Singapore and North America together in 10 million years. n i ii?*i *|->| '5 a i I Starting October Ist, j we can do it overnight. You've been waiting a long, system is so advanced it's J long time for a quick
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  • THE REGION
    • 439 9 Main elements: no double taxation, investments guarantee, sea transport AKARTA Indonesia and 1 rhina are expected to sign < igreements on the avoidance of double taxation, investments guarantee and cooper- < ition in sea transport. The Jakarta Post quoted Indonesian Trade
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    • 466 9 AP S YDNEY Australia said < n Wednesday it has reluctintly agreed to restrict beef s lies to the United States this ear in the face of American tireats to impose tough imI ort quotas. Meanwhile, New Zealand 1 rade Negotiations Minister
      AP  -  466 words
    • 581 9 BANGKOK China supports Thailand's call to become involved in the development of the upper aeaches of the Mekong River is a means of promoting economic development in the ref'on, says a report in The ation. j A government's spokeswoman Ladawan Wongsriwong, said
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    • 327 9 B WGKOK The Electricit r Generating Authority of T lailand (Egat) is preparing th e terms of reference for the sc lection of financial consults nts to privatise a 20-billion j biht (S$ 1.33 billion) power pi ant in Rayong, pending the j passage
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    • 367 9 UPI BANGKOK Vietnam is ready to start its first two projects for the production of offshore natural gas, the official Vietnam News Agency reported. "Vietnam will soon be able to produce billions of cubic metres of gas annually," the agency said in a
      UPI  -  367 words
    • 171 9 Reuter KUALA LUMPUR Nearly 2,000 Malaysian workers plan a protest rally in the capital Kuala Lumpur next month against proposed government recruitment of foreign labour, a trades union leader said on Wednesday. "We fear cheap foreign labour will eventually displace many local workers,**
      Reuter  -  171 words
    • NOTE BOOK
      • 102 9 NEW YORK Malaysia is trying to meet as much as possible the Soviet Union's request for credit of US$2OO million (Ss34o million) for palm oil supplies, Prime Minister Datuk Seri Dr Mahathir Mohamad said. Arriving here on Sunday after a six-day official
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      • 60 9 BANGKOK The general who led the February coup said on Tuesday the ruling junta would complete its mission and go out of business "as soon as possible." Gen Sunthorn Kongsompong, head of the National Peace-Keeping Council, also told reporters the committee probing the wealth of former
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      • 60 9 KOTA KINABALU Sabah's economy continued to be buoyant with trade surplus amounting to M 5846.7 million (*****.3 million) during the first half of this year, the statistics department said here on Tuesday. The surplus however, was 3.1 per cent or M 527.6 million lower compared
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      • 63 9 PERTH Western Australia faces more conflicts between Aborigines and mining companies unless legislation designed to protect Aboriginal interests is clarified, a mining company chief warned here on Tuesday. Peter Walker, the managing director of Perth-based Dominion Mining, said his company's problems over the proposed As3so million
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      • 45 9 PADANG, Indonesia Agro-industry which is now developing rapidly in Indonesia has caused damage to land conservation and water pollution. Herman Naeruman, professor at the Bogor Institute of Agriculture stated this at a seminar on agro-industry related to the environment here on Tuesday.;
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    • 335 9  -  Australian education minister to outline proposal soon From Florence Chong in SYDNEY SOME 80,000 university students from Australian universities could be travelling overseas to study in institutions in Asia-Pacific countries, including Singapore, if a proposal before the Australia# government is accepted. The Australian
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  • Page 9 Advertisements
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  • THE WORLD 1
    • WORLD WATCH
      • 86 10 SEOUL US criticism of South Korea's trade barriers has subsided significantly, partly because of the Seoul government's market-opening measures. According to a survey report on Tuesday, the number of US opinion leaders who are satisfied with South Korea's trade policy has increased
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      • 97 10 WASHINGTON European Commission Vice-President Sir Leon Brittan says the European Community will help establish markets in Eastern Europe. He told a conference of international securities regulators on Tuesday, "The European Community will be ready to play a lead role in collaborating with our members
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      • 82 10 PARIS France had a trade deficit of 3.79 billion francs (S$ 1.12 billion) last month, after a revised 3.95-billion-franc deficit in July, according to seasonally-adjusted figures published on Tuesday. The August figure took the cumulative deficit for the first eight months of the year to 29.99
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      • 91 10 UNITED NATIONS Japanese Foreign Minister Taro Nakayama, in a bold bid to end the main irritant in relations with Moscow, indicated on Tuesday that Tokyo felt the Russian Republic, and not the Soviet Union, was the key to solving a territorial dispute over the
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      • 74 10 SANTIAGO The Latin American economy grew stronger during the first half of this year, but the recovery was fragile in most nations, according to a report released on Tuesday by the UN Economic Commission for Latin America. The report predicted that the gross regional product
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      • 53 10 BRUSSELS Belgian Economic Affairs Minister Willy Claes expects Belgian inflation to show a further decline in Uie coming months. "There were major declines in inflation in August and September. Barring unforeseen circumstances, this favourable trend should continue in the coming months," he said in a
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    • 276 10 Reuter TOKYO Japanese Finance Minister Ryutaro Hashimoto has said he thinks it necessary for major industrial nations to exchange information before the October annual meeting of the International Monetary Fund (IMF) and the World Bank. Asked about the possibility of holding an emergency meeting
      Reuter  -  276 words
    • 450 10 But capital investment and consumer spending still strong: report NYT TOKYO Although admitting what many private economists have noted in the past several months that Japan's economic growth is slowing the government's Economic Planning Agency is continuing to emphasise that the economy is still
      NYT  -  450 words
    • 306 10 Reuter NEW DELHI India will need extra foreign aid until at least 1996 for a painful overhaul of its debt-burdened economy, says a confidential report by the World Bank which urges donors to see India's growth potential and commitment to reform
      Reuter  -  306 words
    • 362 10 28-part blueprint designed to persuade Quebec not to break away FT OTTAWA A sweeping package of constitutional reforms was unveiled on Tuesday by Prime Minister Brian Mulroney. The reforms would dismantle the country's pervasive internal trade barriers in exchange for giving Quebec and the other nine
      FT  -  362 words
    • 317 10 FT LONDON British Prime Minister John Major has warned of "grave difficulties" facing the European Community in trying to reach a treaty on political union but says the latest Dutch presidency plan is still "a basis for further negotiation". He made
      FT  -  317 words
    • 540 10 IHT FRANKFURT The bill for reunification may turn out to be cheaper than widely feared, the German central bank said on Monday. In its latest monthly report, the Bundesbank said that public-sector spending this year in both western and eastern Germany was likely
      IHT  -  540 words
    • 230 10 Reuter NEW DELHI India must create 100 million jobs in the~ next decade and its protected, industry will face cut-throarP* competition from the international market, says the •deputy chairman of the country's Planning Commission. "In the next decade, we
      Reuter  -  230 words
    • 396 11 Main worry centres on employment NYT NEWS YORK Consumer spiritfjin the US, which wilted summer, continued to drooq after Labour Day one more sign that the recovery ig consumer spending continued to be unusually weak. J "Tjjhe prime worry is jobs," said Fabian Linden, executive
      NYT  -  396 words
    • 244 11 NYT SAN FRANCISCO A government report issued on Tuesday says American electronics companies frequently report difficulties in buying the most advanced components and manufacturing equipment from Japan. Such difficulties could seriously undermine the American companies' competitiveness. The report, by the General
      NYT  -  244 words
    • 353 11 Reuter LONDON Russian VicePresident Alexander Rutskoy has said that spreading the Soviet Union's repayment obligations among its constituent republics will not lead to debt defaults. He told the annual conference of the Centre for Global Energy Studies in London on Tuesday that "the republics
      Reuter  -  353 words
    • 305 11 FT TBILISI Georgia's President has announced a state of emergency here, the republic's capital, which took effect yesterday. Zviad Gamsakhurdia said that a "civilian and military coup", directed by Moscow, was threatening both him and the Georgian Parliament. His comments increased fears
      FT  -  305 words
    • 373 11 FT MOSCOW Russian President Boris Yeltsin claimed a historic breakthrough on Tuesday in persuading Armenia and Azerbaijan to embrace peace talks over the disputed territory of Nagor-no-Karabakh. But the agreement, reached on Monday, faces a severe test as violence simmers across the Transcaucasus
      FT  -  373 words
  • Page 10 Advertisements
    • 132 10 WJUtM^^V II m\ llf AKS 750 UP$B9 $39 £M I ll J Rage Jr upss9 $29 KXTISO UP$69 $29 Lady Chariot upsB9 $39 TCS 45 UP$B9 $59 Sept I STJT S Odd sizes/discontinued models/ samples/protoypes from $19 Broofts Apparel Runner $12 T-shirts (selected designs) $10 Racquets Assorted Racquets (Badminton/ Squash/Tennty
      132 words

  • Page 11 Advertisements
    • 77 11 tiil ,ke I"" 1 ,ou r°" r s irits 1° fourchettes. i tAle for two ClmtuhimJ, or lie chefs fire count dinner, fine wine, reflecting the flicker of nnJlelight, poured to the stnins of the hirp. Service impeccihle, intensive.. Jlnj it the eni of i perfect evening, her love reaches
      77 words

  • 479 12 EDITORIAL IRAQ'S President Saddam Hussein is bluffing. No matter what he reveals about his secret nuclear and chemical weapons programme, there is always something he has to hide. Mr Saddam is enacting a dangerous charade by making available to the United Nations nuclear inspectors the least sensitive
    479 words
  • WHAT THE OTHERS SAY
    • 254 12 THE suggestion last week by Brigadier-General (Res) George Yeo, the Minister for Information and the Arts, that Singapore could offer Hongkong an alternative to the British model after the territory reverts to China is worthy of consideration. After 1997, Hongkong would find it more difficult to look
      254 words
    • 84 12 THE advent of the 21st century would demand a new world order. The end of the Cold War has left the United States as the sole superpower. But the United States, faced with domestic pressure and economic problems, may want its role at the United Nations
      84 words
    • 97 12 A time-based telephone charge system will be implemented in December. Some Singaporeans feel that the telephone has become a part of their lifestyle and Telecom should not operate like a private company which looks at everything from a monetary point of view. If the calls of Singaporeans
      97 words
  • REGIONAL VIEWPOINTS
    • 185 12 PROBLEMS have besieged East Timor's coffee business for some years now, and not only because of falling prices. While the total acreage of plantations kept increasing, production declined, presumably due to age, neglect and pests. And since colonial days, the coffee trade in East Timor has
      185 words
    • 230 12 THE Malaysian Trades Union Congress (MTUC) is hot under the collar over the presence of foreign labour, both legal and illegal, and considers this a threat to the livelihood to Malaysian workers. It plans to hold nation-wide rallies to protest against this situation. The MTUC move drew
      230 words
    • 125 12 SOUTH KOREAN President Roh Tae Woo praised last Wednesday's parallel admission of North Korea and South Korea to the UN, describing it as an end to the Cold War on the Korean peninsula. Unfortunately, the hostility and distrust between the two Koreas remain essentially unchanged. Ideally, the
      125 words
  • Article, Illustration
    1048 12  -  By the end of the decade, the NCB hopes it will have transformed Singapore into an 'Intelligent Island'. Claire Leow finds out how it will be done Claire Leow IF THE vision of Singapore as an Intelligent Island can be fulfilled, the tum of the century
    Source: The Computer Industry  -  1,048 words
  • Page 12 Advertisements
    • 78 12 pi 3 im i f j I i I j < .pi i < i 2 MLIWEIIS I Easy access via ECP and AYE 5-minute walk 1 uM from Taiyong Pagar MKT Column-free office JLfl space Computerised building management 5 system Conference facility High speed lifts L^SAy Ample carpark lots
      78 words
  • Page 12 Miscellaneous

  • ANALYSIS
    • 997 13 Getting tough on trade the American way The Democrats have found a new way to couch America's protectionist tendencies. It's called 'economic nationalism', says The Economist ECONOMIC nationalism is back in the US; or rather, Jince in some quarters it never went away, it is once more being used by
      997 words
    • 1437 13  -  M the people of Sarawak prepare to go to the polls tomorrow, the state's Chief Minister, Tan Sri Abdul Taib Mahmud, braces his party for a political fight drawn along racial lines. Leslie Lopez reports from Kuchiiig Leslie Lopez SITTING outside a collection of open-sided thatched
      1,437 words
  • Page 13 Advertisements
    • 275 13 GIVE YOUR EME DiEXKUIIVE IKIIWHir OminWwd worry inaa v laadngto ina>nM namoMd tw look of Iradbaggyey* "W IT theonaetc* v\ T i JflUH* Urawd Remold- 3 K J^HF open porw t,*)i A and blackheads «k Removed- thasfcrtal H|B|i the double chirf look Ortnahed V the tamwbon of V vertical fege
      275 words

  • ADVERTISING & MARKETING
    • 668 14  -  With a deluge of new space coming into Singapore's retail market, property marketing is no longer just a matter of leasing space, writes Sangeeta Mulchand Sangeeta Mulchand THE time-honoured formula of retail property marketing right location at the right price is fast becoming passe.
      Source: Chesterton International  -  668 words
    • 654 14  -  John J Edwards reports on a growing trend in the United States bite-size cookies and crackers John J Edwards NYT THE United States' largest cookie and cracker companies seem to be following the advice of an old Steve Martin comedy routine: Let's get small.
      NYT  -  654 words
    • 553 14 NYT FOR the last few years, Mr Peanut has been an advertising character all dressed up with no place to go. Now, the top-hatted, monocle-wearing dandy, the symbol of Planters nut products for 75 years, is taking a much larger part in the
      NYT  -  553 words
    • 256 14 SINGAPORE Malaysian public relations firm Asia Public Relations Consultants Pte Ltd has opened a Singapore office. Stephen Riches, the executive director of the company, said Asia PR can now serve its clients who want to extend their public relations programmes to Singapore. The company also operates in Hongkong
      256 words
  • Page 14 Advertisements
    • 99 14 To find out just how little space our Minolta To go into the long and short of protn.de beyond the machine, taking up it, our EP5400 copier is just 690 mm j J more space, this compact copier has 3 «tf x 683 mm. Both dimensions are as you j.
      99 words

  • SPORTS
    • 516 15 AP KIAWAH ISLAND, South u? A slightly more subdued, possibly jet-lagged, European team got its first look at the course on which it will defend the Ryder Cup. Not a seaside course as we know it," said Scotland's Sarn Torrance, adding that
      AP  -  516 words
    • 317 15 Reuter CAIRO World 3,000 m steeplechase champion Moses Kiptanui took gold at the AH Africa Games on Tuesday after Kenyan athletics officials ordered him to ignore a nagging injury and run. "At first I was not supposed to run and then a quick decision
      Reuter  -  317 words
    • SIDE LINES
      • 103 15 STOCKHOLM Two athletic clubs and Sweden's leading iron ore producer said on Tuesday they were arranging a marathon race in an underground mine north of the Arctic Circle. "We are in the process of working out the plans, but hope to be able
        103 words
      • 64 15 LONDON British boxer Michael Watson, left in a coma after a weekend world title fight, has deteriorated in the last few hours and is suffering from swelling of the brain. The 26-year-old fighter had emergency surgery to remove blood clots from his brain after his defeat
        64 words
      • 79 15 LONDON Former world heavyweight champion Muhammad Ali has caused a stir by failing to appear in London for a book promotion tour. Ali was scheduled to arrive last Thursday to attend a charity dinner and make a series of appearances this week to
        79 words
      • 62 15 SINGAPORE Ernst Young Consultants director David Wong has become the overall winner of the DHL Golf Challenge *91. The tournament, held for the fourth year running, attracted more than 100 senior executives from 81 companies. Mr Wong, handicap 14, scored 42 Stableford points and took
        62 words
  • Page 15 Advertisements
    • 111 15 I Business readers say the most flattering things about us. I (No wonder we're always red.) v' -V v. v .'Sf.* ,I"°' r f *r T r »i The Economist. The Unfair Advantage. I ;EP5400 takes up, use this advertisement II lis speed is also hard to beat 40 Minolta
      111 words

  • Page 16 Advertisements
    • 137 16 WHERE TO WINE, DIME *ND EIITBIT«IH WHHg TO WINt, Djllt AMD EHTERTAM WHFBf TO WINE, DINE GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACETOR AUTHENTIC PENANG SPECIALITIES. A/RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT SNACKS WITH
      137 words
    • 335 16 PROUDLY PRESENTS ZS THE RETURN OF THE BARRON KNIGHTS THE VERY SUCCESSFUL INTERNATIONAL COMEDY ACT THURSDAY. 26 SEPTEMBER 1091 AT THE CRYSTAL BALLROOM, 2ND LEVEL Dfcwwr and Show Concert (Rmtod Mats) $69 nett per penon $34 rwtt par pcnon (KCkjdttQ Pf-dmm oocMoil (ttckatve of or* &tnkon(y and c/l boveragm). and
      335 words
    • 325 16 Vk've spiced up Happy Hours. f Sugar 'N Spices is back at Club 5. you back to the 50s and 60s between 6pm 8.30pm, Swim wear Fashion Show on Mon W ASM aCOLOUSFUk a INVITING Heart Road Sanaporr *****H 2980M1 The Bugis Lounge Presents CAUENTESi(BffI| These prafcsaionak are back in
      325 words
    • 222 16 H (jet a ifice of the H AflMricaa Buffet Laadi H I September 1-30 B I Noon 2.30 pm HH I Adult: J36++ KB I Child beiow 10: $18++ I We serve the world to yon at The Belvedere. I H nfcy H I inn. n?44ii 1 I I 1
      222 words
  • Page 16 Miscellaneous
    • 673 16 TELEVISION AND RADIO "IV M~*l J j SBCI2 .30 Tluinday Feature Special 6.30 Muqaddam. VII irarv see ITIIIIKU J llivaitl V 7.00 £CKN IntamatkHU. (L). 12J0 Ml 7:S SuStSnCfMl BSC .SM -lb»«* tad I <if 655 p M p rogramme Highlights :<^ fT'ff 7,ll Cabl News Network 7.10 am, 9.25
      673 words

  • LIFESTYLE
    • 983 17  -  Mike Zwerin traces the ups and downs of jazz saxophonist Lee Konitz who is immediately recognisable by his sound Mike Zwerin IHT ON A BLEARY Sunday morning in the Gare de Lyon metro station, I looked through the graffiti on the window of the overheated car and saw
      IHT  -  983 words
    • 416 17 A JAPANESE art collector has donated US$l9.B million (5533.4 million) for a new wing at the Vincent Van Gogh Museum in Amsterdam, the museum announced on Tuesday. The donation was made by Yasuo Goto through the Tokyo-based Japan Foundation, funded by his Yasuda Fire and
      416 words
  • Page 17 Advertisements
    • 179 17 AND ENTERTAIN (Mm QPHB jr; For the fresh and flavourful taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15pm. A ANAHOTEL For reservations, SINGAPORE 't please call 732-1222 ext 1589. show kbs iMMwnniue ill f\ B -f f i.....
      179 words
    • 89 17 I i I l l k aaa j guests are oeten AMAZED AT S our perf O r mance. > ensures they way to 1 j_v a t u*jfcake on your Or care you countless other So naturally, our guests keep We you Because I Omni#Marco Polo Hotel Hongkong WARMLY
      89 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4736 18  -  By Carolyn Lim TO SAY the market inched downwards yesterday would have been too kind, as the Straits Times Industrials Index painfully shed 3.78 points to end the day at 1,377.46 points. Two-and-a-half hours after the start of trading, the STII had barely
      4,736 words

  • 3290 19 RISES (S) Main Board Roth Inds 50* 640 20 3.2% H Negara 360 10 2.9% Isetan 50* 565 10 1.8% NOL Pref 10* 540 10 1.9% OCBC Foreign 1030 10 1.0% Sea View 410 10 2.5% Spore Land 520 10 2.0% CMB Packaging 362 8
    3,290 words

  • BT SHARE INFORMATION SERVICE
    • 151 20 CiapMy Ma Ymt 8mf Net Nat —intog» firm m to pr«ftt/l«s$ (L) par start dhridttd COOO) (cMts) Kim Er* Sep 11 Mar 91 J9,063(113,457) 4.1(6.1) 6(5) The H Glass Sep 6 Mar 91 15,848(17,379) 9.75(12.3) 5(5) Joiian HUgs Sep 5 lan 91 M$9,9491(*****) GPS Sep 3 Mar 91
      151 words
    • 265 20 C— Pi Date Yaar Craap pre-tax N«t aaraiagt Gr*ss mm to profit/to* (L) par skara dW<>a< COM) (cants) Lum Chang Sep 24 Jon 91 $7,856(112.932) 2(4) 2(3) r Eii Yan Sang Sep 23 Jun 91 $1,426(8753) 5.1(3.8) 1(1) First Capital Sep 20 Jun 91 811,436(819.147) 54(7.2) 1(1) j
      265 words
    • 553 20 Cliffy Date Haif-yMr Growp pro-tax hrtarta am to profit/loss (L) rflvMoad COM) H Royal Sep 24 Jon 91 1699(11,620) 0 Promet Sep 24 Jun 91 W9,730(11.9421) Town ft City Sep 24 Jun 91 $41L($144L) Go»d Com Sep 23 Jun 91 $8,384 ($9,321) Sep 20 Jun 91 $6,348($6.195) 5TE(5TE)
      553 words
    • 618 20 S«p 24 Shareholders of companies in the Inter-Pacific Group have approved a series of name changes for the companies. Inter-Pacific will now be Known as Berjaya Group Bhd. Berjaya Corp (M) Bhd will now be renamed Berjaya Industrial while Sports Toto Holdings Bhd is now Berjaya Leisure Bhd.
      618 words
    • 1097 20 Carraat Ei Baafcs Date Trial tor Trial tor payat Ma dm* payabto tin yaar tost yw *aw 5*TE(I) Oct 21 Od 31 No* 15 5*TE 10*T£ Mn IMp 50c 61(b) Sep 4 Sep 16 Sep 30 6% 6% MOB 50c 3.51(b) Sep 13 Sep 27 Oct 25 3.5%
      1,097 words
    • 881 20 Pricas m at 25.09.91 Cawaraiaa tan* Praakn/ bphy (diSCMNrt) Amamrt OptitMl** niag Ciwpiny (al Wrts Skara Lom Cmv Eur Lastk Cash Cask. Laaa Caartf, Date Mtks writs) stack ratio pries aaai Lift > I Burwi 115 2 0.200 0.6(0 1 00 1.00 82 3.30 30/01/94 33
      881 words
    • 303 20 Main Start Last Fal Year Company Parted 0*ti Tmt Nat EPS fries Nat —an*f (ants) 4* pro* w r«* (TIN) Carafeaa Wenm Apr 27 Jul 91 12 6 20.0TE(a) 38,911 T«l| Mm| Wenm Aug 2 Ok 91 4.8 5 0 385 tea Hani Werm Sep 7 Ok 91
      303 words
    • 87 20 Company Issmo Tat Lm Franca One-kx-one SI 60 per start Ex-date Aug 21 Books Sep 2 Acceptance A Payment Oct 8 Company Bonus Issue HI? Mfcs One-tor-two Ex-date Oct 11 Boote dost: Oct 17 T J1 27 Books dose: Oct 3 Company others toadstool Restarted Offer tor Sit
      87 words
    • 573 20 Company Mghi* lime Ml Pac Land One-tor-two MJO &5 per share Wro Tath One-tor-one 3 11.00 per share. Baton Issue of *****8m nomnal amount of 15% Redeemable Unsecured Guaranteed Bonds 1991/96 with 45.489m detachable warrants on the bass of $2 nomnal amount of Bonds tor every three existing
      573 words
    • 729 20 BONDS, LOANS WARRANTS BtrwB Nt Before 30/6/94 1 warrant plus HK$100 cash CKJNt Before 26/4/93 1 warrant ptos $109 cash Causeway Laan Caaaway Nt 2/10/89 to 20/10/94 1 warrant plus 10.77 cash or 1 warrant plus SO 77 normal amount of loan stock. Chan ttop Notes Chan Np Nt March
      729 words
    • 412 20 Robmon ft Co Ltd: AGM at Hotel Phoenix, Somerset Room No 2016, 277 Orchard Road, Singapore 0923 on Thursday, Sep 26, at 12.30pm. IQm Eng Hokftngs Ltd: 2nd AGM at Southern Cross Room, Level 6, Marina Mandarin Hotel, 6 Raffles Boulevard, Marina Square, Singapore 0103 on Thursday, Sep
      412 words
    • 140 20 RECORD HIGHS LOWS BT Composite Index Turnover 1991 l*t 1333.08 (3/6/91) JJJJ J* 1991 tow: 1022.52 (16/1/91) »1 tow: 15J82m 2/1/91 1990 to* 1435.43 (16/7/90) *90 2 }"J« <*{J£2 1990 low: 981.07 (09/11/90) J* Si ,155 m', 12 1919 N0t 1322.00 (28/12/89) }*> 2 JJg" 1989 tow; ***** (4/1/89) 1989
      140 words
  • Page 20 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 4057 21 Bernama SHARE PRICES ended marginally higher on some bar-gain-hunting from local institutions for blue chips in narrow range trading yesterday but investors, on the whole, were still hesitant. In lethargic trading, the KLSE Composite Index edged up 2.05 points to 523.08 while the Industrial
      Bernama  -  4,057 words
  • Page 21 Advertisements
    • 224 21 BiMnnMSinMEs TELBPHONB: 730-5771/5772/5773 FAX: 734-4982 N THE MATTER OF J AHFASMON PTE LTD PI MEMBERS' VOLUNTARY LIQUIDATION) At an Extraordinary Ganorai Maottog of Mm Corrpony hafcJ at 1002 Too Payoh InduabW Park •06-1437. Stooaporo 1231 on 21 Wtoatiy Rwao RESOLVED (1) "ThMJAHFASHDNPTELTD bo wound up voluntarily SSSSS&3V (2) Thai Mr
      224 words
    • 181 21 TI,KC^SS?•• ,ACT, NOTICC OF moumoN fawSSSTRTSS AtonEMmaadtoaqrOanaaMMaaBng af Stnga Gngnaartrw Fbtotaaban Pto at Bto ■jrfMQn IM4.W MW SaiynOor n ihj That 8M Ojwwpaiy ba wound SSSkssm andthatbt.LahKianHaMba and M harofcy appaljMaa tfM «htdng OH HOCKCHVE Data. 24th SaptonWar 190& THE COMPANIES ACT, CAP. 80 fajmocatto pte'ltd (In Mambato' Voluntary IHtHdaMia)
      181 words
    • 124 21 TMI OOMPANMi ACT, CAP. M TRHJWON WVUTMCNTt PMOMMRBrVELTO. |N VOLUNTARY UOUDATIOM Mtr BOKWtwy Qmnl MMLTD. ano ftridaMCn S*ig%»ott RmckJtomvimoii iSi§ SmSR&SSU'S EEShsSSfSB? <xjy n oonojutu > nil th> ThriffwUqJdriorbaautulaadto ££«i«£S SSSASSt#'-"'* Oaiana 2»d*of Sapttrfear 1001 ROHMNMHONQptMI TMi COMPAI— ACT, CAP. TRHMONIMITMNTV jwwomwum MCMSt** VOLUNTARY UQUOA7ION HMtaarihawliyM»«nliri>ai.iaiMjw tftwabnonamad Company whkftri on
      124 words
    • 124 21 TMi OOMPAMMi ACT, GAP. M TW-UNWN OOMMMtOIAL pomtMnAflnruQUßATioft PTE. LTD. dutfoonawadhitlii SssSEttSOSS Via arid wlmang £> and tot ha ba >Tdgnr*adbyt»Ogrffnyaaa>na»ri ooarikchaeaaand etoanaaeßijied by hjm h He waculon and dridwga of Mi duty moonnaoaon wriiVia l«4Mori ThritwUqiidriorbaauhortaadto SEWjRSH S^9ASa5 lf Data of SapiwTtoar 1001 NOHHVMi MONO |M| TMi OOMPAMMACT, CAP.M
      124 words
    • 140 21 NTVE MATTER OF THEOOMPKMEBACT.aWIWaO PATUMMBT rzsszsziir UQUDCTON raaolrian dufrpaalaa IbriViaOomparvbOMMtftawt unri% and tMl# MfeaarW Mnoribaanrtrihawfr appMMdVw fc**stor tar Via pupaaaa d auch wM**.' Stanad: MriMaffeiftali MrtoaWaaalMrilMliv Daritt 19Mprirr»aM9n WTHEMWTBROF IHEOOMWNBAOr.OHWnRaO MTUPKOJBT MMMMMMTJ9 PTV LTD MEKCCRB NCUJNTAfff UOUBMBN rffnaxMi ■uadOorrv* awwMad WFfVqr9|iTVV(lMaiirTV namaaand addaaaaa and f» parta* rira of Mr dabto
      140 words

  • TOKYO STOCK EXCHANGE
    • 2208 22 Reuter TOKYO stocks extended early gains to close moderately higher. Yesterday was the first trading day for the second half of the fiscal year, which brokers said gave the market a psychological boost. Arbitrage buy programs also helped lift prices, but
      Reuter  -  2,208 words
  • STOCK EXCHANGE OF HONGKONG
    • 1800 22 AFP Reuter HONGKONG share prices slipped slightly for the second day in a row in dull trading yesterday with the Hang Seng Index losing 2.24 points or 0.06 per cent to close at 3,901.95. Turnover slipped further to HK5650.42 million, its lowest
      AFP; Reuter  -  1,800 words
  • Page 22 Advertisements
    • 29 22 trices tor iwyo are pronoed oy loerate Prices for Hoagkoag are provided by Tderate Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times
      29 words

  • REGIONAL STOCK MARKETS
    • Aussie stocks end higher on bond rally
      • 433 23 Close Pmlwi Sep 25 AUSTRALIA Ail Ordinaries Index ,,5«0.5 1.553.6 +6.9 A I Industry Index 2.401.7 2.390.5 +11.2 AU Resources Index 915.8 912.2 +36 Turnover (million) 119 70.5 +4g J BAftGKOM SET Index 69I 88 69J 24 Turnover (billion baht) 1.64 1.% .0 32 JAKARTA Composite Index 258.21 253.82 +4.39
        433 words
      • 784 23 THE Australian sharemarket finished firmer yesterday on the back of soaring bond prices, lower inflationary expectations and a jump on Wall Street overnight. However, some brokers expressed disappointment the stock market did not respond more strongly. "We will expect to see some renewed interest in equities over the next
        784 words
      • 736 23 BANGKOK share prices yesterday moved in narrow ranges with investors reluctant to join a quiet market, brokers said. "I was stunned by the current mar- ket sentiment. Nobody has the explanation for the falling prices and thin trade," said Chutchaval Thanvarachon, senior sales executive at Ekachart Finance and Securities
        736 words
      • 551 23 PHILIPPINE shares closed mixed yesterday after Wall Street's overnight gains buoyed some industrial issues while profit-taking depressed oils, brokers said. They said daily traders ruled the market as big investors monitored President Corazon Aquino's conciliatory moves to reach a consensus on the US military bases issue. The Manila Stock
        551 words
      • 480 23 THE Taiwan stock index reversed early gains to finish lower yesterday on profit taking and dealers said narrow trade would continue in the near term. The weighted index closed at 4,790.68, 23.51 points lower than Tuesday s 4,814.19 finish. Turnover was NT522.4 billion against $23.96 billion. Dealers said investors
        480 words
      • 742 23 JAKARTA stock prices closed higher yesterday, bringing the index 4.39 up to 258.21, and trading was very active. Semen Gresik was well traded on the regular market, with over 400,000 shares changing hands. It rose 100 rupiah to 3,750 despite the company reporting a lower profit for the first
        742 words
      • 793 23 SEOUL share prices drifted down yesterday for the second day in a row in thin trading, pulled down by a gloom among investors caused by government measures to curb inflation including fi-» quidity tightening. The composite price index of the ex-J change, which lost 5.11 points or 0.74' per
        793 words
      • 225 23 NEW ZEALAND shares ended sharply higher yesterday, though off their high* after the financial markets were thrown into chaos when the Reserve Bank nounced an unprecedented overt easing of monetary policy. As interest rate yields and the exchange rate tumbled, companies either with high debt or with considerable
        225 words
      • 77 23 BOMBAY share prices fell on Tuesday on technical selling ahead of end of the account today. Higher carry-forward charges of 4 per cent a month fixed at' the Calcutta exchange, Against a ntn one per cent, undermined sentiment. i,o 1 The Bombay Stock Exchange Index fell sharply to 1,800.83
        77 words
  • Page 23 Advertisements

  • WORLD STOCK MARKETS
    • US blue chips rally in late trading
      • 117 24 Sep 24 Close Prwlow NEW YORK Dow Jones 3,029.07 3,010.51 +18.56 SAP 500 387.71 385.92 +1.79 Turnover (million) 171.5 146.01 25.49 LONDON Financial Times 30 2,009.4 2,016.5 -7.1 FTSE 100 2,576.6 2,579.5 -2.9 Turnover (million) 452.4 349.7 +102.7 FRANKFURT DAX Index 1,626.63 1.614.16 +12.47 AMSTERDAM CBS Tendency Index 90.6 90.7
        117 words
      • Article, Illustration
        1314 24 ill -AFTER drifting listlessly through most :o£ Tuesday's session, blue-chip stocks Tallied and posted moderate gains in what analysts described as a quick burst of futures-related buying. -<<< The Dow Jones Industrial Average, which had been down as much as 14 -points in the morning, closed up 18.56,
        1,314 words
      • Article, Illustration
        718 24 REVIVED FEARS about an escalation of tension in the Middle East on Tuesday depressed share prices in late trading, pushing the key index below its previous closing level. The Financial Times-Stock Exchange 100-share index closed down 2.9 points, or 0.1 per cent, at 2,576.6. The Financial Times 30-share index
        718 words
      • 182 24 THE FRANKFURT stock market improved somewhat on Tuesday as the apparent return of calm in Yugoslavia and a better than expected monthly report on the state of government finances saw a return of investor confidence. The DAX index ended the day 12.47 points or 0.77 per cent higher at
        182 words
      • 262 24 DUTCH SHARES gave up their minor early gains to close mixed to weaker on Tuesday as Wall Street's decline crushed tentative hopes that prices may pick up from recent losses. Trade had been largely listless, wedged within nar- row margins and tracking marginal dollar moves. The CBS Tendency Index
        262 words
      • 177 24 THE PARIS bourse ended a quiet, relatively featureless day a touch lower on Tuesday, with most action in a littleknown property leasing firm called Sefimeg. Dealers put a 29.50 franc or 6.70 per cent rise to 469.50 francs in Sefimeg's share price down to an anticipated shake-out in the
        177 words
      • 221 24 SWISS SHARES ended a lacklustre session mixed to slightly easier on Tuesday after investors had shown limited interest in the market. The all-share SPI index, which had moved within a narrow two-point range, closed 2.1 points easier at 1,086.6. The SMI index of leading shares shed 4.4 to 1,679.9.
        221 words
      • 376 24 JOHANNESBURG gold shares put on a strong showing on Tuesday, boosted by a promising rally in world bullion prices to above US$35l an ounce with help from rising silver prices and a weak dollar. The firm financial rand put a ceiling on gains, but failed to quell buying interest,
        376 words
      • 233 24 TORONTO STOCKS followed New York higher, finishing at a peak on Tuesday with marginal gains after recovering from earlier losses, dealers said. The government's proposed constitutional reforms had little effect on the market, but could affect shares later this week, they added. The TSE-300 officially closed up 1.49 at
        233 words
      • 119 24 ITALIAN SHARES closed mixed in a nervous trading session on Tuesday, with Montedison in the limelight after its announcement that it is selling its stake in the Ja/Mont paper venture for US$B27 million. The MIB share index slipped one point, or 0.09 per cent, to close at 1,052. Milan
        119 words
      • 229 24 BELGIAN SHARES closed almost one per cent lower in active trading on Tuesday on sales by small investors, weak company results and a worsening political climate in Belgium. "Small investors are afraid they will have to face another stock market crash," one trader said. He said they were concerned
        229 words
      • 164 24 PRICES ON the Stockholm bourse closed off their lows but down from Monday in meager turnover on Tuesday, with market concerns over the formation of the new government. Conservative leader Carl Bildt said on Tuesday afternoon he needed more time to accomplish his aim to form a coalition grouping
        164 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1125 25 REPORTS Tokyo: The dollar eased slightly in very narrow and thin afternoon trade yesterday. Some European traders were seen selling the US currency in late Asia trading hours. "It was very quiet until London came in," said one dealer at an Australian
      1,125 words
    • 383 25 Cross rates sepw USS SS MS Dm Yen SFr AS NZS USS 1.6965 2.7470 1.6845 133.35 0.5775 1.4670 1.2508 1.7367 SS 0.5894 1.6192 0.9929 78.6030 0.3404 0.8647 0.7373 1.0237 MS 0.3640 0.6200 0.6132 48.5439 0.2102 0.5340 0.4553 0.6322 Dm 0.5936 1.0071 1.6308 79.16 0.3429 0.8709 0.7425 1.0310
      383 words
    • 531 25 Interbank rates SS Bid Offer Overnight 4 3/8 4 1/2 1-month 4 11/16 4 13/16 2-month 4 3/4 4 7/8 3-month 4 3/4 4 7/8 Overnight mode: 4-5/8 USS Bid Offer 7 days 3 9/16 5 11/16 1 month 5 7/16 5 9/16 2 months S 7/16 5
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    • 533 25 Reuter JOHANNESBURG South Africa intends to follow its successful re-entry into international financial markets with a prudent, sustainable funding strategy. Finance Department di-rector-general Gerhard Croeser said on Tuesday that there would be no "splurge" following last Thursday's comeback from six years' exile
      Reuter  -  533 words
    • 312 25 Reuter LONDON The Bank of England plans to develop tVvo facilities aimed at smoothing technical operation of the international ECU (European Currency Unit) Gearing and Settlement System. It said one facility will enable ECU clearing banks to borrow ECU funds overnight from the bank if
      Reuter  -  312 words
    • 1043 25 SIMEX ammmm Open High Low Sett Est Vol Op/lnt Vol Dec 91 94.25 94.26 94.24 94.25 5772 ***** 6208 Mar 92 94.34 94.35 94.34 94.34 3683 ***** 5222 Jun 92 94.08 94.09 94.07 94.07 1200 3186 1467 Sep 92 93.69 93.70 93.67 93.69 913 1756 530 Dec 92
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  • Page 25 Advertisements

  • COMMODITIES
    • 263 26 Reuter KUALA LUMPUR Malaysia, the world's fourth largest cocoa producer, has outlined a three-point plan designed to boost languishing world cocoa prices, but ruled out a producers' proposal for cocoa export quotas. The plan calls for a moratorium on new cultivation,
      Reuter  -  263 words
    • 361 26 Reuter CHICAGO Gold prices probably have bottomed out and will move higher in the intermediate term, a panel of analysts said at the Institutional Investment Forum sponsored by the World Gold Council. The main reason for the turnaround is that consumption will continue
      Reuter  -  361 words
    • 846 26 REPORTS THE PRICE of tin on the Kuala Lumpur Tin Market dropped another one sen to settle at M$ 14.85 per kg yesterday on poor fundamentals and the absence of fresh buying support in early trade. Despite the US$5 rise on the London
      846 words
  • 1313 26 Rubber S ccnu/fcg Noon Ckac Int 1 RSS Prompt I34.2VI35.25N 134.2VI35.25N Int I RSS Oct 91 I35.2VI35.75 I35.2VI35.75 Int I RSS Nov 137.00/137.50 137.0CVI 3T7.SO Int 2 RSS OP 135.00/137.00N I35.00/I37.00N Int 3 RSS OP 134.50/136.50N 134.50/136. SON Int 4 RSS OP I30.00/I32.00N I30.0(VI32.00N Int 5 RSS OP I26.00/I28.0QN
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  • Page 26 Advertisements
    • 379 26 BUSINESS TIMES TBLBPHONE: 730-5771/5772/5773 PAX: 734-4982 UNITED INDUSTRIAL CORPORATION LTD (tacorporalod in Km feputttc of Singapore) LOST SHARE CERTIFICATES AfffictatolMaMtotaOiitetacftartmranad coram io fan am Km artfiata in otai of N Wining stem c*t>fc«a wnch hm tan nporttf M or dMc** Na.otitarac WMi laAtkSno Ixsooo 10M854H ItnCtaylLn 1«t500 ■Ongt»HroYa¥Bi^t^tou^a^tonl» l >aM(puofca.on,
      379 words
    • 23 26 The W off'" Bp the most r current ■p list o/ job WF opportunities Managers Must Manage BT shows you how every Monday.
      23 words
    • 6 26 Innovation Technology in BT every Tuesday
      6 words

  • 1145 27 aty FI«M n» nm no MM MMM GA887 1245 GA894 2255 GA975 1300 MalaMa QfOBl 1820 ***** 1905 SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 Mtrnm SQ26 2200 niirlitml BAH 1225 SQ325 2115 ■■fcrtta Gf 148 1000 GA525/ 1755 910 5d »«|mi SQ181
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  • THE TRAVEL PAGE
    • 504 27  -  POSTCARD FROM FRANCE By Nicholas Lander IN 1945, when the ideal of physical beauty and discussion of leisure and good food were far from most Europeans' thoughts, Adrien Barthelemy shrewdly bought the Domaine Thermal at Molitg-les-Bains. Today, his company runs thermal resorts from Jonzac on
      504 words
    • 153 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3478 1.3593 Canadian dollar 1.479S 1.5020 NZ dollar 0 9645 0.9950 Sterling pound 2.9209 2.9458 US dollar 1.6935 1.6975 Locml dollars to 100 anits of foreign currency Austrian schilling 14.29
      153 words
    • 100 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Sep 19-29 Zurich Autumn Zurich ZUSPA ********** Sep 23-29 International Bulgaria Foirc Interna- **********6 Leather Show for Thurgauerstrasse Technical Fa.r tionale De Household, Home, Plovdiv c- m* Sport and Fashion ,na,nr\ Sep 26- International Valencia Feria Muestra-
      100 words
  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • 150 27 29 Great at ordering meeting between banks (7) lady's maid (7) 27 For example, commercial 30 His plot is to supply cook 8 Where spectator is excit- minced oath (4) (7,8) ed— the border of WindQAtyij for example (4,2,4,5) YESTERDAY'S SOLUTION vwim 14 House insurance? (5) 1 Strike in which
      150 words
    • 215 27 Singapore Outlook: Hazy with showers over few areas in the late morning and early afternoon. Report: Maximum temperature 31.5 Assoc humidity 66% Minimum temperature 24.1 Assoc humidity a. 97% Hours of sunshine 5.95 Rainfall in mm 1.0 Rainfall this month 110.4 Rainy days this month 9 World forecast Asia-Pacific Hi/Lo*
      215 words
    • 17 27 £>/£RN/OC. (N Tms PupiCe *S A OeifJDO. NO UX>ID€R I DOH-rr\T 8533 C gygN—O tTAHOAHO CO. iwa-twi
      17 words

  • 448 28  -  Top trade official raps US for emphasising farm issue By Schutz Lee SINGAPORE The chief international trade negotiator for France yesterday reiterated his country's commitment to multilateral trade talks but denounced the weight put on the farm issue by the US. Jean-Noel Jeanneney, also
    448 words
  • 302 28  -  By Walton Morais SINGAPORE France is keen to use Singapore as the springboard for its investment push in the region, says the French Minister of State for Foreign Trade. Jean-Noel Jeanneney told BT yesterday that French investment in the region "could be
    302 words
  • 296 28 Bernama KUALA LUMPUR Legal brokerage firms in Malaysia which deal in Hongkong's Hang Seng Index futures, are now facing massive cutbacks in their profits, following reports of bogus brokerage firms swindling clients in purported deals in the Hang Seng Index
    Bernama  -  296 words
  • 349 28 Reuter NICOSIA Iraq yesterday defied orders from the United Nations Security Council by refusing to let UN inspectors leave a Baghdad compound until they handed back documents on Iraq's nuclear weapons programme. The 44-member nuclear weapons team, now in its second
    Reuter  -  349 words
  • 203 28 AP DUSHANBE, USSR Thousands of people, waving their fists and chanting, rallied in the Tadzhik capital for the third straight day against what they called a Communist coup to regain power in the Central Asian republic. The protesters, who defied a state of
    AP  -  203 words
  • 794 28  -  The Bottom Line MAGGIE FORD MAGGIE FORD The writer is a Jakarta-based journalist who writes regularly for BT FOR almost a year in 1989, Marzuki Usman, the man charged with revitalising the Jakarta Stock Exchange, barely appeared at the family dinner table. Day
    794 words
  • 95 28 Reuter JAKARTA Indonesia will open its first futures -Vft soon, though no date has been set, said Arifin I j«iwpni chairman of the goranmeatrun Indonesian Commodity Exchange (Bapebti) yesterday. Traders here say they need a coordinated commodities exchange where they can hedge prices.
    Reuter  -  95 words
  • Page 28 Advertisements
    • 135 28 Nikon The World's Finest Photographic Systems The rare perfection o£ Patek Philippe at The Hour Glass. :^^jjSB fection of Patek Philippe. I b fellow treated to the charm and in- S jHf I m/»,.vk k Bgk Which is why we want you to tegrity of the true specialist in I
      135 words
    • 4 28 Earlier reports, Pg 11
      4 words
    • 52 28 Nikon The World's Finest Photographic Systems Editorial, Pg 12 PRIME FREEHOLD RESIDENCE IN PRESTIGIOUS DISTRICT 11 1 FOR SALE BY TENDER 1 Closing Date: Ist Oct 1991,3 pm An existing beautiful Tudor style bungalow Site area of 4340.6 sm (46,722 sO Suitable as a residence or development site Contact Sole
      52 words

  • Shipping Times
    • 429 29  -  J* Magdalene Phang SINGAPORE Local agent Segani loses its anchor principal next month when German carrier Hapag-Lloyd starts its own agency on Oct In an interview, Mr Olaf von Maydell, managing director of Hapag-Lloyd (Asia), told BT that the break-up of the 13-year
      429 words
    • 158 29 AFP TOKYO Japan's sole nuclear-powered ship, the Mutsu, returned yesterday to its home port of Sekinehama, northern Japan, after its third sea trial in the South Pacific, its operator said. The Japan Atomic Energy Research Institute said this was the first time the
      AFP  -  158 words
    • 300 29 NYT DETROIT Sales of Amer-icans-made cars and trucks dropped 16.3 per cent in compared with a strong year-earlier period; but the annual selling rate improved' in recent weeks because of higher sales to rental fleets. Car dealers and analysts said consumer demand remained
      NYT  -  300 words
    • 146 29 UPI AGRIGENTO, Sidly The Turkish government asked Italian judicial authorities on Tuesday to release a Turkish freighter with a cargo of armoured military vehicles aboard which Italian finance police seized off the southern coast of Sicily. The office of the state prosecutor in Agrigento
      UPI  -  146 words
    • 902 29 Page Coi ABC Containerize 12 1 Aeropak 18 3 Accord Group 8 1-3 APL 5 3-5 APC Line 13 5 Arrow Inter 9 4 ASCL 5 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/3 Batamindo 18 3 Bangladesh Shpg 8 5
      902 words
    • 374 29  -  By Dexter Lee SINGAPORE Singapore Airlines launched its skyphone service yesterday, marking the dawn of realtime news and information for airborne business travellers. Even as SIA claims a world's first in providing its passengers with such a satel-lite-based service, it is already gearing
      374 words
    • 217 29 NYT WASHINGTON Senior officials in the Bush administration told a congressional subcommittee on Tuesday that they continued to oppose the sale of fibre-optic telecommunications equipment to the Soviet Union. The Soviet Union has been pleading for relaxation of Cold War rules that
      NYT  -  217 words
    • NEWS SUMMARY
      • 36 29 RESPONDING to pressure from airlines and the White House, the Federal Aviation Administration on Tuesday eased its plan to phase out the noisier commercial planes in US airspace Page 2
        36 words
      • 47 29 IN ONE OF the largest deals ever in the cellular telephone industry, BeU Atlantic Corp said on Tuesday that it had agreed to buy Metro Mobile CTS Inc for nearly US$2.3 billion in Bell stock and assumption of debt Back Page
        47 words
      • 38 29 IN A MOVE that upstages efforts in the United States, the Canadian government said on Tuesday that it would begin taking applications for licences for new wireless pocket telephone services. Back Page
        38 words
      • 63 29 THE FIRST solar-powered appliance to cool a car (m sunny days is being offered as an option in Mazda Motor Co's new 929 luxury sedan, which was introduced in Detroit on Tuesday. Silicon solar cells imbedded in the glass sunroof are used to power
        63 words
    • LOG BOOK
      • 86 30 TORONTO About 850 grainhandlers at the port of Thunder Bay, Ontario, will be in a legal strike position on Oct 1 after the federal labour minister declined to appoint a conciliator to help reach a new contract with the elevator association. An
        86 words
      • 76 30 APPLETON, Wisconsin Air Wis Services Inc said it received a US$lO-million (Ssl7 million) loan from UAL Corp's United Airlines in conjunction with UAL's proposed US$72 million acquisition of Air Wis and help alleviate its strained cash position. The company said while the cash should
        76 words
      • 100 30 A group of former New York Telephone Co managers have sued the company and its parent NYNEX Co for allegedly cheating consumers by inflating rates to cover such expenses as parties with prostitutes. NYNEX and its subsidiary are accused in the suit of participating in a
        100 words
      • 23 30 PHILADELPHIA USAir will brain nonstop flights between Philadelphia International Airport and Dallas/Fort Worth on Jan 7, 1992.
        23 words
      • 64 30 VIENNA Skoda Plzen, the Czech engineering firm, will select one or more foreign partners in the next two months for its power engineering and transport operations. Skoda will shortly convert itself into a holding company with power engineering and transport subsidiaries, Josef Zidek, head of
        64 words
      • 85 30 BONN A military jet and a small civilian aircraft collided on Tuesday over southern Germany, causing the death of the two occupants of the private plate. A police spokesman said the pilot and the passenger of the civilian plane were found dead after the aircraft
        85 words
      • 32 30 TOKYO All Nippon Airways Co Ltd (ANA) is to become the first Japanese airline to launch a commercial service to North Korea, company officials said yesterday.
        32 words
    • 1094 30 WEAK nearby transatlantic rates weighed on the quiet dry cargo chartering market, brokers said on Thursday. However, late October/November business should see the Atlantic sector rise from its present dip, they added. The Baltic Freight Index dropped nine points to 1,523 with the US/Continental light grain route down
      1,094 words
    • 1550 30  -  Jolm H Cushman, Jr discusses the reasons behind the Federal Aviation Authority's decision on Tuesday to relax its stand on noisy commercial aircraft in the US John H Cushman, Jr NYT Responding to pressure from airlines and the White House, the Federal Aviation Administration
      NYT  -  1,550 words
    • 816 30 ™IS twice weekly report, compiled by Cockett Marine Oil Ltd, snows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      816 words
    • 9363 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      9,363 words
    • 3247 43 Shpg Agencies Ptc Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Ptc Ltd (SyAccord Contr Line (PK/PN). Adkrie Bihui Corpormtioa Philippine: Calsource Shpg A Trdg Pte Ltd (S) Ahrenkiei Liner Service: Kim Shpg A Trdg (S). Alhatros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred C
      3,247 words
    • 259 43 Abacaa Cow lets Td: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporaboa Tel: 542-8844. Fax: *****16, *****80. Akswift Worldwide Coarier Td: 278-0188. Fax: *****83. AJS Sapplles Td: 748-6322 (2 lines), 747-7421. Fax: *****75. Cky-Uak International Td: 344-3377. Fax: *****50. Clatter Liak Sapplles A
      259 words
    • 1561 43 Abex Express Freight Td: 542-7171. Fax: *****84. Actiaic Forwarder Td: 225-1833. Fax: *****42. Activak Singapore Td: 542-7812. Fax: *****20. Aeroliak Freight lateraational Tel: 545-8031 Fax: *****05. Td:"542-5911. Fax: *****18. Air Cargo Noro Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax. *****74, *****50. Air Market Express
      1,561 words
    • 1123 44 SHIP SALES TANKER RATES THE SLIGHTLY softer dry cargo spot market is not tempering the interest of the vast majority of the potential buyers with many inspections of all types currently being carried out although notice some reluctance to pay higher than last done. It is believed that buyers for
      1,123 words
    • 438 44 ARRIVALS Op Flight Type ETA T From TODAY KAL KE697 B747F 0150 I SEL SIA SQ827 B747F 1730 2 CPH/DXB CLX CV794 B747F 1845 I LUX/DXB NCA KZ203 B747F 1930 1 NRT KAL KE685 A30F 2345 I SEL/MNL TOMORROW JAL JL6I5 B747F 0240 I TYO NWA NW901
      438 words
    • 382 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait De» Nat of Vtnd ETA FTP Parts rfCafc fWAwl SEP 26 26 Con Prince. 1000 1800 SinJakaita-Sin Sembaw*, Johnson 28 28 Andaman Princess 0800 1300 Cniise-to-Nowhere Lines Int Hkk 29 29 Orient Sun ,000 1800 Sin-Jak«t*Sin Johwon 29 29 Andaman Princess 1200 1900 Sin-Bangkok
      382 words
    • SHIPS IN PORT
      • 539 45 •"■1 My Ha Berth Ankral f>apartaa Vaaaal Vay Ha Marin Timiml 1 Baru 893 M05 Homuk 26.09/2300 !*■■■*> 1 99S M02 alongade 25.09/1700 C»a Jaya *****1 M04 alongade 26.09/2100 Enana 9124N M02 alongside 25.09/2300 Gin* 615 MM Hongs* 26.09/2300 H» 9115 M03 alongside 2609/0900 San Satan $78
        539 words
      • 241 45 HlwwNrt ||artk 1: Join; 2: Lndcsncs, 3: Shou Shan, Sn No; 4: Pethum Mm* 5: Fortune Beta; 6: ni. 01 Jattr Tomot 567, As* I. DCfc Memfian Sun fee m Sept 25: fy, Bunp Kambang, Thai Ho No 1, Conti Bntaaa, Hua Quan, Kris Lemona, Wan Hai
        241 words
      • 691 45 «CEIVIH6 Of EXWT rat COHWMEHS MID Itt cwo S* «.<•» £Zf Ml Etb/Btr PiU From To From 158 28/1800 1 25/1500 25/1659 25/1900 2 25/1700 26/0559 26/0900 3 26/0700 26/1159 26/1400 26/1200 26/1459 26/1700 338 27/0700 1 25/1500 25/1659 25/1900 2 25/1700 26/0659 26/0900 3 26/0700 26/1159 26/1400
        691 words
    • 646 46 NYT NEW YORK In one of the largest deals ever in the cellular telephone industry, Sett Atlantic Corp said on Tuesday that it had agreed to fiuy Metro Mobile CTS Inc fcr nearly US$2.5 billion in Atlantic stock and assumption of debt. Metro Mobile
      NYT  -  646 words
    • 540 46 NYT NEW YORK In a move that upstages efforts in the United States, the Canadian government said on Tuesday that it would begin taking applications for licences for new wireless pocket telephone services. The move paves the way for the development of
      NYT  -  540 words
    • 187 46 NYT DETROIT The first solarpowered appliance to cool a car on sunny days is being offered as an option in Mazda Motor Co's new 929 luxury sedan, which was introduced here on Tuesday. Silicon solar cells imbedded in the glass sunroof are used to
      NYT  -  187 words
  • Page 29 Advertisements
    • 30 29 A I IMAA ajbJ AAMIAAA J w iwii in itnivti rtfrviißiM Vj ./^■■A\ Motors «f tin M»gliti> «f kunMm tißiUm* SMMm Amrts. Hwfnr< Utvl>l for y^2OSQ/74^2W0 S ivntact Shipping Times:
      30 words
    • 89 29 V- A%#is^@ggptt*BSHH v ni% i 1 > L I W$- i > I I j i_ SOME OF OUR TOP TALENTS ARE OVERSEAS. BRING THEM HOME. A paper subscribed by Singaporeans abroad. The local pool is limited. So look w«n„ nn overseas where some of our top talents are 7iaI77?iSSSiJ2
      89 words
    • 51 29 Air Fonwrfrr* 15 Mr Fra#t ScM* 16 Codwtt Report 2 Contamr Sctadtfc 11 Counv Stoves 15 Ohm t Ferry SdwMas It (MyFiatffc 2 Mr to Mwrten I Stoppm Agents IS SMppim Gurie 10,11 Stopsalts/Tarfcer Ma It Stop in Pert 17 Smgepore Tides 17 Trwpirt Diary 3 NMhar and Saa Conttu*
      51 words

  • Page 30 Advertisements
    • 154 30 NOTICES NOTICE M.V. "Beccles Voy. 16 arrived Singapore at 14.9.1991 consignees of all damaged cargoes ex the captioned vessel is hereby notified that a general survey will be held on the 27th September 1991 (Friday) Pasir Panjang at PTIO 0900-1200 hours. No further survey will be entertained thereafter. Atents: "K"
      154 words

  • Page 31 Advertisements
    • 952 31 OOCL (S) PTE LTD JAftDME BMPPMQ AGENCIES TEL: *****11 FAX. *****09 Mil// BOOKINGS TEL: *****34/*****58 »V|U" TERMINAL/CFS TEL: *****18 220 iTftMAifl PESAKA JARMNE BMPPMG AGENCIES SON. BHD L fS9 J m TEL *****18 FAX: *****01 *****88 o. P^ 4^*3 VEL: «M 144 FAX *****1 CFS TEL: *****6 S£S L/eoicatea to
      952 words
    • 1806 31 I 1 TRANSPORT MARY SNt?,T^ 2 S?3?7?^£ 27r!o7» e lS Seminar on Trading, Shipping and Banking Docu«SHfS' fj!,rt ~,0n to 2 f m InmarMt Mobile Satellite Communicaa s: cru Doc 3-5: Man-Chem 91 Conference in Cologne, Germanv COURSES 7500 A Beach Road, #13-314 The 296-4645 (for members only). 3Q i
      1,806 words

  • Page 32 Advertisements
    • 687 32 VOY NO S PORE SOUTHAMPTON HAMBURG LE HAVRE DRESDEN EXPRESS 01/338 29/9 16/10 18/10 21/10 99/ m ***** KASUQA 1 17/138 1/10 24/10 20/ 6 19/ 0 109 t KAMAKURA 19/138 4/10 28/10 22/10 21/ 0 Z itfUflf MONTE ROSA 15/339 8/10 23/10 25/10 28/10 29/10 LMI itffBWES F ELBE
      687 words
    • 671 32 SEABPAC SERVICE DttECT SOUTH PACfIC SPVICE SIN NOU SUV PPT COPIAPO 2001EB 5/10 It/tO 20/10 26/10 50 TCh UIUTOM P *C° rkBO D«ECT CHBi/ SOUTH AMERICAN SFEVICf I COPIAPO 2001EB 5/10 *t?il 10M| ij/f t ALSO ACCEPTW6 CAAGO TO AMCA, SAN ANTOMO AM) CQQUNMQ Agents r W- J 4^. ShlPP
      671 words
    • 976 32 II gjrayiniflugrA inw I Wl/Wr js*js u£; I USES! SSSah 1 S/io S/1J ?x,\l 2/1? 2/ii 2/1? 2??* 27/10 gg I s s s as 3# I ARABIAN SEA 133W W/S g<H 10/11 "ft} Jf/Jl M/ll HJI -I W-SO ACCEPTMG CARGO TO AU. UX DESTMATIONS SCANDM AVIAN /utxs 1 1
      976 words

  • Page 33 Advertisements
    • 1200 33 SgSteamers Maritime Holdings Ltd P&O Wl STRAITS SHIPPING I ggastts"*"' l Hi ni HKaif #fu rp« *<( Hbf OOB^SIO^^^nBSEE^BS^SE^BOB KSM MOM 1112 »/n 22/00 22/00 24/00 10/10 13/1* 14/10 10/10 *522? Ml T«KE MT mm am nm */o» is/10 w/io 10/10 snuurs stm «i» a- in c U*IWB« 0112 20/00
      1,200 words
    • 68 33 S f 1 SSSS SEACROSS 5 REGULAR CONVENTIONAL SERVICE I ft ft «p. IU TF il f Tit g Lo«Hog SIN OCBTN 2 MV "GREAT STAR" 25-30 BEP DUBAI IMV "GLORY STAR" 15-20 OCT a AB6AB S pore: Seacross Shipping Chartering 8 5 T«t *****51 fmc *****70 The 245* StCtOi
      68 words
    • 1946 33 TO: UAJUPAHAUA n* U^AJPAHAMA owi 1a CM fin SW Wi wrc waa/wr wc w m an lw o«ii S""" 7\ VM mi /u w/u 11/11 honmom sow tor mm vi i/t 11/1 u/t n/i nn "57T !*J" J'JJ "'l* y u 11/11 M/ll 17/11 lt/11 fMB SIM TOR IMIU 14/1
      1,946 words

  • Page 34 Advertisements
    • 584 34 Mil I CR NBR **********0-D EXPKSS SElll-CfINTAJNEBSHtP SERVICE Tl EUROPE «a/WT STOK HMM/UMM HVJRC BROO iWTROf IMTMRM/30RB 10/10 12/11 17/11 21/U 23/11 FAST TRANSIT TIME ACCCPTMQ BREAK BULK/CONTAINERISED CARGO •*N hOiHRU* AIM ■coiUm earfo to CwMnca, Fart SaW. Past Atoiaiidrta. Qanaa, Trtoato. JL9O *5SP M 6 ,an< CORTASOB, CONVENTIONAL CARGO
      584 words
    • 685 34 GO *3K I X/ HANJIN SHIPPING I HUM ffffr. 18/11 19/10 19/10 20/10 «/loj SPORE MX vl# 20/10 °i/ll ***** 5/*****/10 2S/10 26/10 26/lt 27/10 2S/10 HANJN MASAN 065E 7/10 OSECT M/ 10 n/ia HANRN FELIXSTOWE 009R 1 13/lOpl/lO 1/11 2/H 2/11 3/11 4/11 SwM OMLANDOISC M/ 10 SScT "/ll
      685 words
    • 56 34 REGULAR WEEKLY SERVICE TO: DUMAI* PERAWANG* PEKANBARU 5 VESSELS OPERATING BATAM SERVICE EVERY MONDAY A THURSDAY OWNERS A OPERATORS OF CARGO VESSEL, TUGS BARGES SPECIALISE IN HEAVY-LIFT, PROJECT CAROOES TO ALL INDONESIA. MALAYSIA, THAILAND, FHUWE PORTS. OFFER CHARTERINO OF OUR CAROO VESSEL, TUOS A BARGES. TEL: *****26 FAX: *****63 INDONESIA:
      56 words
    • 704 34 I Haibl d H -1J I ll £S tfS Si! Is "i! gS £5 Ss W! ffi|! I'! I |s» ll I Id WMMCX, KIM, SMMMN, KBTCM MmMi wnwiii #1 MJMCTON HC immurm. wax MCHOMftU. J) MORIKAL. TOMNTD «n« I ■?> MUNM, CMCMO, Kim, CQUMUI A OHO MM* MCMMKE HSIMIUB
      704 words

  • Page 35 Advertisements
    • 1502 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) m BOOKINGS: NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 M AUST/INDIA/PAKSERVICE: *****18 CFS K27 EXPORT *****53/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 '■My NEPUNE SON BHD MALAYSIA K.LMO3) *****33, P. Kelang-<O3)
      1,502 words
    • 459 35 I ANTWERP 2S/9 IKAOHSJUNG 3/10 I COLOMBO 29/9 2s 9 KPriiMT vm BOMBAY 29/9 HAMBURG 28/9 KEELUNG 3/10 KARACHI 29/9 LEHARVE/LONDON 29/9 HONG KONG 28/9 MADRAS 29/9 FELIXSTOWE 29/9 CHTTTAGONG 30/9 GENOA 29/9 MANM 29/9 CALCUnA 29/9 MARSEILLES 30/9 30/9 ROTTERDAM 30/9 30/9 BANGKOK 29/9 lESEIM— JAKARTA 30/9 I TOKYO
      459 words
    • 964 35 *SMSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES 1 EASTBaic-oßCHttajS msmum-iotom nwcwro w oottbcam m ww Iwr |«w wa «c to. >m art scl
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  • Page 36 Advertisements
    • 708 36 K"W 5T (CR No: 1244C*****0M) V W W*\ AS AGENTS: KAWASAKI BINQAPORE (PTE) LTD I f%| H TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 I JL Mi JL MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD MM ViWICiVT vAicui TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1. KAWASAKI KISEN KAISHA,
      708 words
    • 169 36 viiiw ro iwdl nemo 9wmpp urajy TIMBER PLYWOOD SERVICE TO U.K./CONTMENT KKU mK T* IOADfK FOt MENMMOOON MM M ROM/MIT/FIU/UK/KLfUT M 30/1 JfTl/*OT/Mr/n«/W SPRIT* -MM MT/MT/FUI/W MMNGEI FORTH® 16/16 15/16 ROT/R6T/PU/W Lurfl bM/Montu MULTIPORT AGENCIES (S) /0\ PTE. LTD. I V J TIL: *****77 FAX: *****31 HXy P.K. MULTIPORT SON
      169 words
    • 128 36 h****** hr,' 'its* i 52.%, -u«,| IS'pore Loading for^ GOLOCN FOUNTAIN In ft Aqaba I HASTROOORGB B In Pt )eddah/Alex I SOUTH CALM 1/10 Oubai/Dammam/Bahrain I SNSA SMLOR 2/10 Aden/Hodeidah/Jeddah I MOFIC TRADER 15/10 Hodeidah/jeddah I [Spore Loading for MM QUEEN Los Angeles/New Orleans/ I Charleston/Norfo*/Camden I PAN MARMER Los
      128 words
    • 945 36 Iw3 PHIU-O/tICNT UN€S PT€ LTD Ewr By*'*" I OOR SEA.... WE TAKE ON THE WORLD FOR YOU 40*. tftf MEMBER OF BMGAPORE FREIGHT FORWARDERS ASSOCIATION »CT DUBAI, OAMMAN, SHARJAH. DOHA. 1 CT MUSCAT. BAHRAIN. ABU DHABI, B ABBAS cIXfiSsTC* CHSSt 1 >CT JEDDAH (LCL) S KK?' WINNIPEG, 1 EP KELOWNA,
      945 words

  • Page 37 Advertisements
    • 1338 37 pacific international lines (pte) ltd S MBBj I Budding, 140 Cec* Street #0300, Singapore 0106. IJAKAHTA I IBANGKOK I VESSCL VOY WN JKT SIN VESSEL VOY BIN BKK SIN BUNQA TCftATAI 383 29/9 1/10 S/10 »»«<X*«SS «MN 27/S 30/9 4/10 KDEN 401 i/Mum JENUNK 71N 27/S 30/S 4/10 EQUATOR MAS
      1,338 words
    • 963 37 > BEN LINE CONTAINERS Lfb N 200 Cantonment Road Tel* *****22 #13-05 Southpoin, Fax': mH63 Singapore 0208. Telex: RS ***** WVNOS I SPORE lEHAVRE I "OTTEROAM I SHAMPTON I HAMBURG I GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN 338 27/9 13/10 14/10 Z COM Paris 336 28/9 18/10 JgTTS Z Z
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    • 526 37 M MYANMA FIVE STAR UNE (Myanmar National Una) Loading for Yao«on (Raafoon) Sport P.KIc Nn PM| HPA-WI VII7N hi Nrt _7 PAGAN VI7SB SaM fa Nrt PWTA VII7W 7/1 Oct It/12 Oct MEftGUI VI WW 15/17 Oct 11/14 Oct THE BANK lINI <A "SCKCO^ine^ \l HEAVY LIFT CAPABILITY I EXPRESS
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  • Page 38 Advertisements
    • 113 38 Regular Breakbulk Service from Far East to Mediterranean and Red Sea Ports Vessei/Voy Sin Destinations Bechar 01/10 Algiers, Port Sudan Note: Inducement Offers Welcome General Agents: OPTORG SHIPPING PTE LTD Tel: *****44 Fax: *****51 Tlx: ***** Bookings: *****24 INDONESIA: PT LAYAR 3ENTOBA SHPQ CORPN JKT TEL: (021) *****3 FAX: (021)
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    • 156 38 cosco UKC CONVENTIONAL SERVICE VESSB. PKL PNQ Pa LOADINQ FOR: A VESSEL 3000 ROTTERDAM ANTWERP CHINA CONVENTIONAL BERVICE VESSB. PKL PNQ P.O. LOADINQ FOR A VESSEL 2*oB SOW QUANQZHOLVHUANQPU COSCO FULL CONTAINER BERVICEB (FCUFCL) EXPORT TO: CHINA/BANQNOK/HONQKONQ EUROPE/CONTINENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST ARAB PERSIAN QULHKARACH PLEASE REFER ABV
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  • Page 40 Advertisements
    • 638 40 »11l AUSTRALIA/NEW ZEALAND I* TS \tr4 |*mo \m pTogg wi.—™ 2n 22/10 »/io vn "JTIT TS7TT" ii 7u I'*l 1 m 14/11 wTn" "iTiF ~mt ioTIS lam MBK 2*2 1/12 »/U 14/12 U/12 24/17 ***** 41 'I ,Bln ,7/u M/« m/ 12 "j/T" ITTi 1 Ivl riJ T0 USA/CANADA —I
      638 words
    • 708 40 IOOTOOWP W IB W MT I»» I MN. HUt KAQ HH TTO SMZ WBQ KOB fomS WT IMI m m■■ Ml Im-,1. t -TiriTii- -grig 1Z? 9219 X i i n 7.10 11.10 IMP 12.10 1110 OCX 80S 1M flO TlO Tin m m -ti, t -HtJJi— 1 2 111
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    • 829 40 3?" CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINES SERVICE uursu-s MENTS: SMGAPORE'S GENERAL AGENTS: «**"> MBTO 2H2/. ?!r p,NG COSTAR SHPPMG PTE LTD LL£25*LlKi 22Ci900/22Cit33 lOONESIA MAftITNE sS? M B8«M1*«« J."* 3 TELEX: IB 2SS3O/1 COSHT ~.TH- (C1)311C7, M 1714 ,u H 4l 111 pm. 22fim/7 fUL <°> (n mm9
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  • Page 41 Advertisements
    • 405 41 Come Oni Shippers! We are offering Competitive rates to For East Europe; Mediterranean ports.... We Hancfle your consignment wflh Care. Ship your consignment on Time. And do it wflh utmost Efficiency. Dont hesitate and col us nowf FAST MRECT REGULAR SERVICE TO MDONESIA PORTS PK. BALAM/PANJANG/PALEMBANG/MUNTOK VS. ETA ETD LOADING
      405 words
    • 442 41 TEL: *****33 (12 Unas) IfQ FAX: *****15/*****03 [Ml TELEX: R9 ***** RISHIP (3 Urns) ETHIOPIAN SHVPHK LINES r (National Lines o( Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL Ivor ETA LOADING FOR SPORE ABVOT 26W8 7/10 OARESSALAAM. MOMBASA. DJIBOUTI A3BAB. MASSAWA NETSANET 25W8 23/11 OARESSALAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA |5 KIEN
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    • 1166 41 *B a/I nawta mm sm nw to n/% ww 115 «m war un uri m/i to 5/T" mm MUM# TON to 2V7 IM 2/M His 5/10 «/u pasa mi >/lt w wo tn± AKA BHUM lis 12/19 15/10 Wff 2! 3/10 to 4/10. "timmt tut m. 3/n to o/ir MAHAMUM#
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    • 337 41 laagaa iMR-IKi VSL VOY tatvom rupwai MNOAJORK T VESSn VOY SM MM %m J TNER CUFT 04CS Std 01-02/10 00-00/10 TWR STM 174N 29-30/09 04-00/10 14-15/10 TMD MV 179N 03-44/10 10-12/10 It-It/It I V«i VOY !MMEOI»/CALCVTTA/MNQU»OWi I u WSKL VOY Ml CM. USU OREE2E 071 20-20/09 03-07/10 13-14/10 LHOT* 409
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  • Page 42 Advertisements
    • 1236 42 jKCfe blue star line TO FROM 1/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SN NPI/UtiLYT 9N PKMER US 29/9 11/19 VU NPI 13/19 30/19 MULKRA 23S 11/19 23/19 MA NPL 2S/19 11/11 FULLY CONTAINERISED SAILINGS DISCHARGING AT NEW PLYMOUTH «i LYTTELTON, ACCEPTING FCL LCL
      1,236 words
    • 759 42 I THONG SOON LINES PTE. LTD. I I 77 ROBINSON ROAD #15-00, #16-00 SJA BUILDING SINGAPORE 0106 I I TEL: *****88 FAX NO: *****11, *****22 I CARRIER RS SINGAPORE TO WEST MALAYBIA *P«a lit? |n> Ikit ram I m l spm |p «ni^ KIM SOON LI 32/91E 28 SEP PENANG
      759 words
    • 294 42 C MVOCC FRATA CONTAINER LINES ME PROUD TO OFFER OUR CORSOUMTKMS TO A MDER VMUETY OF PORTS. ram raqußicv/ifTN eta sm ikmhttm MICKUM) 3 SNUBS 39/9 14 MVS MRGKOK 4 SAIMG3 29/J 3 NTS CALCUTTA 4 SAUNGS 29/9 S NTS CMTTAOORG 4 SMURGS 2S/9 9 MM COLOMBO 3SMLM6S 21/9 5
      294 words


  • Page 44 Advertisements
    • 207 44 K* I |i INVESTING SUPPLEMENT 1991 A special Business Times Survey October 39,1991 r Bonus time is just around the corner. And many of you will be I looking at the numerous options of parking your hard-earned bonus. E To assist you in making that important choice, Business Times has
      207 words
    • 67 44 UR LIVING IT. vx put up your executive tea, and let us shuffle through your know you're alive after that Urmi «ke «the <hrt. Pick up mui^d^ 0 bIS 01,1 «y fc without substance, vet well steer away from the Sports, SST""'" to to Buwatameni. A good read. For an
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  • Page 45 Advertisements
    • 101 45 a*— i < w:/^nKs«msnß9 ScalpeLscissors_siitures_ BusinessTmes j your money. Essential information accessible every business day J 0 *jjf same way a surgeon needs his tools to through Bg operate, he needs Business Times to help Mm mnifo The thinking businessman plans his moves ««h investments. success. The wise investor looks
      101 words
  • Page 45 Miscellaneous
    • 193 45 TIDES AND WEATHER 7: TomrsnDes(Miait«i metres) HtXR 0000 0100 B?00 030IMM05MIMf7MII|||)|| l||| 11M12MIJH14M ISM im 17MIM 11M2M121M22M 29M S 29 28 25 20 14 0.9 06 a! 08 3 20 21 10 28 20 !j Si i\ i\ J 1 U S 8 8 I! 3 8 8 8 8
      193 words

  • Page 46 Advertisements
    • 822 46 •CHARTPOINT Every Saturday in Business Times i HYUNDAI MERCHANT MARME CO. LTD. EASTSOU44D FEEDER TO PAOFIC SOUTH-WEST TO PACMIC MOUTH-WEST FffiO wf PM rS T5 HH WT UO UN OM IM HAM «0V KM ICW» HI i- 1 MM M 211 4M 23/ M 24/ M 24/ M K OMUOMB
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    • 194 46 REGULAR WEEKLY CONSOL TO: a EUROPE IMilanoOenoa ttuuxm Hampurg I Antwerp Rotterdam I m P 7 C ELEBES LINES dedicated feeder service to from Surabaya Vaaaal Voy «ta Sin at* Surabaya Bon tang PacHtc 038 28/09 02/10 Tanto Utama 107 02/10 OS/10 Bontang Pacific 048 05/10 00/10 Tanto Utama 190
      194 words
    • 534 46 CHARTPOINT Every Saturday in Business Times IMPORTS from FAR EAST one vessel EVERY week Japan, Korea, Taiwan, Hong Kong 1 SM JKT MNL BKK BSB PEN PKL JOH Tel: *****11 *****66 *****76 *****29 *****3 *****8 *****98 *****2 Fax: *****59 *****14 *****79 *****17 *****5 *****8 *****88 *****6 E?= r r i~"~*
      534 words