The Business Times, 8 October 1991

Total Pages: 48
1 48 The Business Times
  • 9 1 BusinessTimes MCI (P) 16/12/90 Tuesday, October 8, 1991 75*
    9 words
  • NEWS SUMMARY
    • 66 1 TOKYO The power struggle for leadership of Japan's Liberal Democratic Party intensified yesterday with the ruling party's largest faction, led by former prime minister Noboru Takeshita, pledging to field its own candidate. The faction decided at an emergency meeting to put up
      66 words
    • 42 1 LUXEMBOURG Dutch Transport Minister Hanja Maih-Wcggen yesterday unveiled a plan to European Community transport ministers aimed at breaking a deadlock with Austria and Switzerland over truck transit rights and saving the world's biggest common market deal.
      42 words
    • 29 1 FRENCH building company TBF (Tuilerie Briqueterie Francaise) has taken a stake in its Singapore distributor, Besco Building Supplies, to further its regional ambitions. Page 2
      29 words
    • 22 1 REGIONAL computer distributor Tech Pacific and WordStar International decided to settle their differences out of court last week Page 2
      22 words
    • 24 1 FOREIGN INVESTMENT in export-oriented manufacturing industries in Asean nations will slow, says the Political and Economic Risk Consultancy group Page 7
      24 words
    • 22 1 KUWAIT prefers to seek help from the West as its best defence against further aggression by Iraq Page 8
      22 words
    • 22 1 A FOREIGN investor has cautiously started to invest in the upgrading of Phnom Penh's tangled phone lines. Page 12
      22 words
    • 28 1 AN agrotechnology study group, headed by the director of the Primary Production Department, has recommended establishing four centres under the proposed Tropical Agrotechnology Institute. Page 15
      28 words
    • 22 1 THE Broadway production of Andrew Lloyd Webber's and TS Eliot's Cats turned nine years old last night. Page 19
      22 words
    • 22 1 MEDIUM-SIZED air freight forwarders will be the hardest hit by changes in the industry Shipping Times Page 1
      22 words
  • MARKETS SUMMARY
    • 61 1 THE New York stock market declined broadly yesterday morning, picking up where it left off in last week's slide. The Dow Jones average of 30 industrials, down 50.76 points last Thursday and Friday, dropped 11.40 to 2,950.36 in the first half-hour. Losers outnumbered gainers by more than two
      61 words
    • 26 1 LONDON share prices were lower at midday yesterday. At 1116 GMT, the broad-based Financial Times-Stock Exchange 100-Share Index was down 24.8 points at 2,599.8.
      26 words
    • 33 1 GUOCO, formerly Dao Heng Holdings, has reached conditional agreement with Hongkong tycoon Li Ka Shing's flagship, Cheung Kong (Holdings), to subscribe in cash for a convertible redeemable note Page 3
      33 words
    • 22 1 MARINE engineering company Van der Horst Ltd (VDH) is diversifying into the power generation and specialist fabrication field Page 3
      22 words
    • 26 1 NOMURA Securities Co admitted yesterday that it had improperly manipulated shares of a railroad stock owned by an organised crime figure Page 6
      26 words
    • Article, Illustration
      29 1 Monday Change BT-MGA 669.73 -2.27 Kuala Lumpur ....508.25 -4.86 Tokyo 24,330.83 -266.07 Hongkong 4,060.37 -7.32 Sydney 1,579.2 -7.8 Friday Change New York 2,961.76 -23.03 London 2,624.6 -I
      29 words
    • 24 1 Exchange rates USS SS 1.6900 100 Yen SS 1.3040 MS SS 61.61 Money market rates Overnight 2 1/4 -1/2 3-montn 4 1/2% +1/8
      24 words
    • 38 1 London Gold AM fix US$359.20 US$2.20 Rubber S'pore Nov 141.00Vkg +1.75 M'sia Nov 224.50*/kg +2 KL Tin Turnover 97 tonnes +34 Spot M$ 14.85 /kg -1 Crude palm oil Turnover 1,262 lots -97 Nov MS834 /tonne +9
      38 words
  • 628 1  -  Proposed move also aims to protect interests of policyholders By Quak Hiang Whai SINGAPORE The Government will raise the minimum solvency margins for general insurers and will introduce new investment regulations for insurance funds to protect the interests of policyholders. Speaking at the opening
    628 words
  • 395 1  -  By Quak Hiang Whai SINGAPORE In spite of concern over Indonesia's tight project-financing market, the country's state-owned oil company Pertamina closed its massive U551,428 billion (552.4 billion) fundraising exercise late last month. In one of the biggest loan syndications in the region, Pertamina signed an
    395 words
  • 283 1  -  By Shoeb Kagda SINGAPORE Diversification will be the main theme for Malaysian plantation conglomerate Kumpulan Guthrie Bhd in the coming decade, says its chief executive officer Tan Sri Dr Ani Arope. In an interview with BT, Dr Arope said plantations would, however, continue
    283 words
  • 197 1 SINGAPORE Members of the reinsurance industry yesterday welcomed the proposed measures on solvency margins and investment control for insurance companies announced by Minister for Finance Dr Richard Hu earlier. One local insurance veteran told BT that the steps were necessary and in line
    197 words
  • 627 1  -  Asean Economic Ministers Meeting From Yang Razali Kassim in KUALA LUMPUR ASEAN economic ministers yesterday laboured over compromises to save a bold initiative for an Asean free trade area that is in danger of slowing down. Reservations on the part of Indonesia and
    627 words
  • Page 1 Advertisements
    • 178 1 Nikon The World's Finest Photographic Systenn. i Aircraft Schedule 29 Money Changer Rates 29 Weather 29 Commodities 28 Money Market 27 Company News 3.4,5 Regional News 7 For market indices, editorial, Cryptic Crossword 29 Regional Stock Markets 26 advertising and circulation exEditorial 12 SES 21,22 tensions, call Business Times Financial
      178 words
    • 4 1 Corporate Focus, Pg 14
      4 words
    • 74 1 Niko The World s Finest Pho!og r npn c S Life insurance business in Asean likely to keep growing, Pg 6 Reinsurance industry hit by rise in natural disasters, Pg 6 Private sector urged to take bigger role, Back Pg \q/ mu/f de (artier Boutique/ SINGAPORE #01-36. Lucky Ptaza. 304
      74 words

  • HOME NEWS
    • NEWS ROUNDUP
      • 149 2 FORMER solicitor-general Francis Seow was yesterday tried and found guilty in his absence of 14 income tax charges of failing to submit information to the Inland Revenue Department. District Judge Khoo Oon Soo postponed the sentence till the trial's end. Starting
        149 words
      • 99 2 THE SERVICE Improvement Unit (SIU), formed six months ago to raise the level of government service, will release its progress report in two to three weeks' time, said Dr Lee Boon Yang, Minister (Prime Minister's Office) and Second Minister for Defence. Speaking at the
        99 words
      • 112 2 SHELL, which shut down its Long Residue Catalytic Cracking Complex two weeks ago, yesterday said a fresh set of problems has emerged, making it necessary to extend the complex's closure. A press statement did not give details of the problems but said they arose during
        112 words
    • 164 2 FUND RAISERS are confident that the government will take the lead and match donations dollar for dollar for the campaign to raise $1 billion for the Universities Endowment Fund, which is to be launched today. President Wee Kim Wee is to launch the Universities Endowment
      164 words
    • 431 2  -  By Claire Leow A FRENCH building company has taken a stake in Besco Building Supplies, its Singapore distributor since 1984, to further its regional ambitions. TBF (Tuilerie Briqueterie Francaise), part of the Poliet conglomerate, will pay $3 million for a 50 per
      Photo by Arthur Lee  -  431 words
    • 223 2 THE TRADE Development Board and the National Computer Board will jointly organise Singapore's first software mission to the US at the end of this month. Six local software companies marketing products ranging from systems software to business operations software, office automation software
      223 words
    • 334 2  -  By Joseph Rajendran LIEM Sioe Liong's Tech Pacific and the American software company WordStar have settled their differences out of court. The dispute between the two companies flared early this year when WordStar alleged that distributor Tech Pacific formerly called Imagineering
      334 words
    • 151 2 WEARNES Technology and Transpac Capital have joined forces to form a new computer software company. The joint venture, Ednovation, will develop educational software based on multimedia technology, which combines sophisticated colour graphics and animation with hi-fi audio and video to make instructive learning
      151 words
  • Page 2 Advertisements
    • 121 2 Veryproud for beingthefirst Thaiowned hotel to receive the prestigious v recognition of uncompromising stan- dards. > VJrry gratifying to be recognized V "1991 Hotel of the Year Awards VJrry appropriate to be named at awards'ceremony in London's legendary Dorchester Hotel. Vsry pleasing to know how much JM^business travellers appreciate our
      121 words

  • COMPANY NEWS 1
    • 404 3  -  Conditional agreement for Cheung Kong to subscribe for CRN By Lee Han Shih SINGAPORE Guoco Groijp Ltd of Hongkong, whose main shareholders are the Hong Leong group of Malaysia and the Kuwait Investment Office (KIO), has found another powerful patron Mr Li
      404 words
    • 255 3 SINGAPORE Malayan Credit Ltd hogged the limelight again with another block of 1.01 million shares crossed at $1.69 yesterday morning, making it about the only local property counter seeing substantial activity. This is the third block deal done in a
      255 words
    • 394 3 SINGAPORE In another unexpected move, Berjaya Leisure Bhd, the former Sports Toto Holdings Bhd, has said that it is planning to use the Ms6oo million (Ss39o million) from the sale of its gaming unit to purchase two pieces of land
      394 words
    • 341 3 Reuter KUALA LUMPUR The opposition government of Sabah state wants Magnum Corp Bhd and Sports Toto Malaysia Sdn Bhd to cease gaming operations in the east Malaysian state, the national Bernama news agency said yesterday. It quoted Chief Minister Joseph Pairin Kitingan
      Reuter  -  341 words
    • 361 3 SINGAPORE Inno-Pacif-ic Holdings yesterday said its lawyers in Hongkong are pressing for an early release of 6.S million Lucky Man Properties Limited (LMPL) shares now registered with Asian Oceanic Nominees Limited. Responding to last week's Stock Exchange of Singapore queries, Inno-Pac said a request for
      361 words
    • 209 3 SINGAPORE Rig-builder in-house newsletter, Feloship. Far East Levingston Ship- A Keppel Corp spokesbuilding has secured a $10 man told BT that the conmillion contract to extend a tract was awarded by semi-submersible's life before UK-based Triton Holdings, converting it into a tender- SEDCO 702's owner,
      209 words
    • 361 3  -  By William Chia SINGAPORE In an effort to tap the fast-growing oil and gas exploration industry in the region, marine engineering company Van der Horst Ltd (VDH) is diversifying into power generation and specialist fabrication activities. VDH yesterday announced that it had entered
      361 words
    • COMPANY BRIEFS
      • 94 3 SINGAPORE DBS Bank, MND Holdings (Pte) Ltd and Temasek Holdings (Pte) Ltd have reduced their stakes in Ssangyong Cement (Singapore) Ltd. DBS Bank sold 770,000 Ssangyong shares for $1.89 million on Oct 2, reducing its stake to 15.48 per cent from 16.81 per cent.
        94 words
      • 94 3 SINGAPORE South East Asia Development Corp Bhd (Seacorp) and Schroders pic have proposed a joint-venture investment company in Malaysia to offer discretionary fund management and investment advisory services, the two firms announced yesterday. The new company, to be known as Seacorp-Schroders Capital Management Bhd (SSCM), will
        94 words
      • 91 3 KUALA LUMPUR The Malaysian High Court yesterday declared invalid and null and void an offer document made by Lam Soon Huat Development Bhd to the shareholders of Sri Hartamas Corporation Bhd in a takeover bid. Justice Datuk V C George, who made the ruling, also ordered
        91 words
      • 105 3 KUALA LUMPUR Plantation-based Kulim (Malaysia) Bhd posted a 64.2 per cent decline in its group pre-tax profit to M 52.98 million (S$ 1.83 million) for the six months ended June 30, despite a 32.4 per cent rise in group turnover to M 547.383 million from
        105 words
    • 249 3 SINGAPORE Pacific Carriers Limited of the Kuok group of companies will be raising its stake in the first China state-owned company to be listed in Hongkong. PCL has agreed to subscribe for another 25.81 million shares of Citic Pacific Ltd, formerly
      249 words
    • 498 4  -  From Selwyn Parker in AUCKLAND A GROUP of Singaporean investors has bought into New Zealand's biggest debt collector at the same time its former chairman is selling out. Little-known Gozian Ltd. acting through Price Waterhouse, has snapped up a 16.02 per
      498 words
    • 268 4  -  From Selwyn Parker in AUCKLAND HOTELIER Inter Pacific Thrust, which is owned by Singapore and Indonesian investors, has replaced the management contract for their A-Line hotel in New Zealand's Queenstown resort. Inter Pacific replaced the US-based Quality Inn, the former manager of the plush, medium-sized
      268 words
    • 260 4 BPI, Anscor, Devt Bank of the Philippines in tie-up AP MANILA The Bank of the Philippine Islands (BPI), Anscor Capital and Investment, and the statecontrolled Development Bank of the Philippines (DBP) have formed a consortium to bid for Philippine Airlines (PAL) when it
      AP  -  260 words
    • 368 4 BANGKOK To meet the listing requirements of the Stock Exchange of Thailand, Princess Grand Co plans to detach itself from the Dusit Thani group by revising its shareholding structure, The Nation reported over the weekend. In the process, Dusit Thani's stake
      368 words
    • 481 5 Net worth of 400 wealthiest Americans touches USs2BBb AP NEW YORK Sure the recession hurt some of America's wealthiest people. But most just kept getting richer. Entertainment mogul John Werner Kluge is worth more than any other American for the third straight year.
      AP  -  481 words
    • 379 5 Reuter CAPE TOWN South Africa's state-owned weapons producer Armscor, the country's most successful exporter, has said it will lay off 5,000 of its 20,000-strong workforce as part of a rationalisation package. Armscor chairman Johan van Vuuren said last Friday that the lay-offs
      Reuter  -  379 words
    • COMPANY BRIEFS
      • 83 5 LONDON Del Monte Foods, which was acquired by Polly Peck International pic in 1989, may be auctioned off to raise cash rather than being floated as had been proposed. The Sunday Telegraph newspaper said the decision to auction off Del Monte and
        83 words
      • 104 5 NAARDEN, Holland Trading group Hagemeyer NV, 60 per cent-owned by Hongkong's First Pacific Co Ltd, has said it will issue 500,000 new shares worth 60 million guilders (5553.6 million) in a private placement with three institutional investors. It said last week that it would issue
        104 words
      • 66 5 PARIS French media group Hachette is offering to sell its buildings in the heart of the Latin Quarter of central Paris. "The buildings on Saint-Germain are up for sale and Hachette will sell when a buyer makes a satisfactory offer," a spokesman said last Friday.
        66 words
      • 79 5 LONDON Brent Walker Group pic's long struggle to gain needed support of holders of 75 per cent of its bonds is nearly over, removing a key hurdle to the firm's restructuring, says a source close to the company. Irish businessman Michael Smurfit, who speaks
        79 words
    • 347 5 Reuter LONDON The heads of five of the largest US food and consumer goods groups have outlined their strategies for European expansion ahead of the 1992 single market at a one-day conference. With many US food markets reaching maturity, they are looking to Europe
      Reuter  -  347 words
    • 206 5 Reuter AMSTERDAM Melia International N V, 51 per cent owned by Italian financier Giancarlo Parretti, has suspended Mr Parretti from its management board. In a brief statement last Friday, Melia said its supervisory board had suspended him because he had taken "a number of important decisions
      Reuter  -  206 words
  • Page 3 Advertisements

  • Page 4 Advertisements
    • 69 4 PROBLEMS WITH YOUR HAIR? DISCOVER THE NEW DERCOS HAIR TREATMENT FOR THE MAN WHO WANTS MORE OUT OF LIFE mg A*. h <'" r 4 .^^^^^^^^^^^^^^^^^^^^^■^■Hj^BkaM|P|||p|UMlp||p|ny|MM A fl TH tb I L 4j 9 a i m 'JHH B a I VV A "-w 9 IH iiH w ;^H -ai
      69 words
    • 175 4 Institute of —«ri ||4\T^ OatifedPubfc °P pl IesEOW Accountants BE cfSjuTffipcre HO^ TU THE GROWTH TRIANGLE A TAX OVERVIEW BATAM JOHORE SINGAPORE November 15 16 (one half days) Mandarin Orchard, Singapore Organised by Institute of Certified Public Accountants of Singapore 116 Middle Road #09-01/04 ICB Enterprise House Singapore 0718 The
      175 words

  • Page 5 Advertisements
    • 84 5 twin umi MHKF- dW i m idW I in I i 1 jMHBMMMBMMBMMMMMMnMMMfcPiIMMM—H 4 -3— r J%W uflF Tft l MF > iiSiPMr 'TBT t V* MM dE4n Wl 'P SweJaSsk W l#V' 4Af:-«v iAi 'j^Hp' »t j^Hi^HB^HBHB^Hu^HH^H^Hi^^H^HK^ ..«^Kiil^Bj»!^H^lK!^noQhfl^S^BflHß HrZl#2s^v< a *?*<{*& r JHPk J MBifflMfWMMyffr iBiyTMlM™ *~''F~^' t 'v
      84 words

  • FINANCIAL NEWS
    • SMALL CHANGE
      • 88 6 SINGAPORE Overseas Union Bank Ltd said it will cut its prime lending rate by 0.25 percentage points to 7.25 per cent, effective tomorrow. The bank's move followed cuts in primes to 7.25 per cent by the Development Bank of Singapore Ltd and
        88 words
      • 94 6 DUBAI The United Arab Emirates has ordered its banks to freeze the accounts of 18 former BCCI officials detained in Abu Dhabi, and those of the collapsed bank's founder, bankers said yesterday. A central bank circular also ordered the freeze to include Ziauddin Akbar, the former
        94 words
      • 58 6 BERNE The Swiss Parliament on Friday passed a law on share ownership aimed at easing foreign participation in Swiss firms, increasing corporate transparency and bringing the country into line with European Community norms. A parliamentary spokeswoman said both houses voted unanimously in favour of the
        58 words
      • 81 6 HARTFORD, Conneticutt A group headed by the investment firm of Hellman and Friedman has confirmed in a letter to the California Department of Insurance that it is preparing a bid to acquire First Executive Corp's Executive Life Insurance Co unit. In its letter, Hellman and
        81 words
      • 62 6 LONDON The UK Securities and Investment Board has started an inquiry to look at setting up a new regulator to cover retail products. The board said the inquiry will begin later this month and a report will be completed by early next year. It will
        62 words
      • 56 6 ZURICH Swiss Reinsurance Co chairman Arnold Saxer said his firm was prepared to pay 3,000 Swiss francs (553,480) each for shares in Elvia, the medium-sized insurer in which Swiss Re is to take a large stake. He said Swiss Re already holds some 12
        56 words
    • 319 6  -  First Singapore International Reinsurance Conference By S N Vasuki SINGAPORE Significant growth in the life insurance business should continue in the Asean region as market penetration is still relatively low in these countries, according to A J Pathmarajah, director and general
      319 words
    • 387 6 SINGAPORE The last few years have been extremely difficult times for the international reinsurance industry, and a new dimension of risks appears to be emerging according to Dr Richard Hu, Minister for Finance and chairman of the Monetary Authority of Singapore (MAS).
      387 words
    • 239 6 AP TOKYO Reversing previous denials, Nomura Securities Co admitted yesterday that it had improperly manipulated shares of a railroad stock owned by an organised crime figure. Mr Hideo Sakamaki, president of the world's largest brokerage, told a Finance Ministry hearing that in
      AP  -  239 words
    • 305 6 IHT HONGKONG The Stock Exchange of Hongkong, working against a govern-ment-imposed deadline, moved over the weekend to win the approval of the small ethnic Chinese brokers who have delayed attempts to bring the market up to international standards. The exchange
      IHT  -  305 words
    • 198 6 Reuter TAIPEI Taiwan will ease a major restriction on foreign investors in its stock market in order to boost weak overseas interest, the Securities and Exchange Commission (SEC) said yesterday. Foreign institutions Bill be allowed to remit capital gains back to their home
      Reuter  -  198 words
    • 377 6 Reuter PARIS Finance ministers from the Group of Seven (G-7) industrial countries are likely to welcome recent foreign exchange trends notably the yen's rise when they meet this week in Bangkok, officials and private economists say. For once, currencies are well
      Reuter  -  377 words
  • Page 6 Advertisements
    • 178 6 iMiMTT*" Is (redH risk weighing you down in a sea off competition? A Being competitive in the marine industry often means having to extend better credit terms. But this could lead to your working capital being tied up in credit lines, with no assurance that your clients will pay up
      178 words

  • THE REGION
    • 494 7  -  Slower funds for export-oriented manufacturing By Teh Hooi Ling SINGAPORE Indonesia and Thailand may suffer from changes in foreign investment patterns next year, says the Political and Economic Risk Consultancy group Perc. Foreign investment in ex-port-oriented manufacturing industries in Asean nations will
      494 words
    • 274 7 BANGKOK Thai Prime Minister Anand Panyarachun has called for the speeding up of the construction of infrastructure and public utilities in the Eastern Seaboard Development Area, the Bangkok Post reported. It said the instruction was delivered by Mr Anand while visiting the area
      274 words
    • 331 7 Reuter MANILA Asia's economic boom over the past three decades has failed to curb widespread poverty, and the number of people living "on the margin of survival" is growing, says the United Nations Secretary-General. In a message at the opening of a
      Reuter  -  331 words
    • 268 7 AFP SYDNEY Australia's economy is emerging from recession but its recovery is weak at this stage, Premier Bob Hawke said yesterday. He declined to say whether the government planned to cut interest rates in response to growing pressure for another reduction to generate
      AFP  -  268 words
    • NOTE BOOK
      • 79 7 MANILA The Philippines is drafting a diplomatic notel calling on the US to begin talks on a three-year withdrawal of its forces, after Filipino senators rejected a 10-year lease on a major naval base, a government spokesman said yesterday, President Corazon Aquino met
        79 words
      • 103 7 PHNOM PENH Only a final date needs to be agreed oil before a peace accord officially ending Cambodia's 13-yeir' civil war is signed in Paris later this month. "From our perspective, the agreement is agreed upon and is ready to' sign," a senior Cambodian government
        103 words
      • 90 7 BANGKOK A shift of overseas orders to China and Indonesia has hit Thai footwear exports, says a report in The, Nation. It said exports had fallen below this year's target Of; 30 billion baht (S$ 1.98 billion) and earnings would likely total only 25 billion baht
        90 words
      • 69 7 JAKARTA Indonesian President Suharto has approved the government's plan to resume rice imports, curtailed in 7 1984 when Indonesia became self-sufficient, to boost national;.! stocks, the Jakarta Post said yesterday. The green light was, given when Mr Suharto met the military's top brass at his" private
        69 words
      • 69 7 KUALA LUMPUR Senior Malaysian and Indonesian officials opened talks yesterday on their rival claims to two.' islands off the south-eastern coast of Borneo, officials said'. Ahmad Kamil Jaafar, secretary-general of the Malaysian Ministry of Foreign Affairs, said that the conflicting claims over, the Sipadan and Ligitan
        69 words
      • 63 7 AUCKLAND Journalists from 14 Pacific countries and territories agreed yesterday to push for the lifting of media restrictions, greater press freedom and improved access for foreign journalists. The call came at the annual meeting of the Pacific Island News Association, which agreed to ask
        63 words
  • Page 7 Advertisements
    • 199 7 Success... Calls For The Best Resources "We have diverse business interests in wholesaling and retailing of watches, in jewellery, a restaurant chain and in properties. So you can imagine the challenge that comes with managing our finances. This is where the American Express* Corporate Card helps us out. It's one
      199 words

  • THE WORLD 1
    • 387 8 France is latest to seal military accord Reuter KUWAIT Ignoring Arab offers of help and Iranian criticism, Kuwait has turned to the West as its best defence against further aggression by Iraq. Since US-led forces freed Kuwait from seven months of Iraqi occupation
      Reuter  -  387 words
    • 409 8 Reuter TOKYO Former finance minister Kiichi Miyazawa has emerged as the front-run-ner in the race for Japan's next premier as all three candidates started their campaigns ahead of the Oct 27 vote. In a newspaper poll released last Sunday, Mr Miyazawa garnered 29.9
      Reuter  -  409 words
    • 208 8 Reuter PARIS Prime Minister Edith Cresson, now in the running for the title of France's most unpopular premier, is under siege just one week into the new parliamentary session. Polls show her popularity slipping to embarrassing levels, Socialist colleagues are openly contemptuous and the
      Reuter  -  208 words
    • 239 8 Reuter LONDON UK business managers are move optimistic about higher sales, profits and improved orders in the final quarter of this year, according to a Dun Bradstreet survey. The independent business information firm's latest Business Expectations Survey of over 1,400 UK managing and
      Reuter  -  239 words
    • WORLD WATCH
      • 96 8 MOSCOW The president of Tadzhikistan, Mr Rahmon Nabiev, a conservative, has resigned "temporarily" ahead of a presidential election, which is expected to be held soon, the Soviet Tass news agency reported. Mr Nabiev, a former apparachik from the period when Leonid Brezhnev was Soviet leader, had
        96 words
      • 70 8 LONDON A Scottish newspaper reported that Britain is bidding for a consignment of Iraqi nuclear waste, originally supplied to Iraq by Moscow, for processing at Scotland's Dounreay nuclear power plant. The Sunday Mail newspaper said documents found among "discarded papers" showed that over 50
        70 words
      • 87 8 ZAGREB, Yugoslavia Battles raged in Croatia, despite a European Community warning of economic sanctions against Yugoslavia, and a top general warned of total war. Dozens of people were killed and hundreds wounded by heavy army shelling on Sunday of the fortress town of Karlovac, south
        87 words
      • 64 8 KRAKOW Poland, Hungary and Czechoslovakia issued a joint appeal for full membership of Nato, saying all of Europe should enjoy equal security. "In Europe, there is no place for different levels and types of security," foreign ministers from the three states said during a
        64 words
    • 340 11 Reuter WASHINGTON White House Budget chief Richard Darman has said that a fiveyear Budget accord could be retooled to take advantage of lower defence spending but that any savings should go to reducing the country's huge deficit rather than new social programmes. Mr
      Reuter  -  340 words
    • 274 11 Reuter COLOMBO Sri Lankan President Ranasinghe Premadasa yesterday survived an attempt to impeach him, but his opponents vowed to fight on to abolish the executive presidency and install a democratic parliamentary system. The President's Office said the Parliament Speaker, Haniffa Mohamed, had rejected an
      Reuter  -  274 words
    • 468 11 Reuter SAO PAULO, Brazil While nations around the world are selling off stateowned companies, privatisation in Brazil has met stiff resistance that is proving to be costly. "There are a lot more people opposed to privatisation than we ever thought," said Fernando
      Reuter  -  468 words
    • 258 11 Pyongyang hails Moscow's decision to reduce arsenal Reuter TOKYO The new Soviet commitment to nuclear arms reductions clears the way for the US to withdraw all its nuclear weapons from South Korea, says a North Korean Foreign Ministry spokesman. In a statement
      Reuter  -  258 words
    • 198 11 Reuter SEOUL South Korea imported US$2.l5 billion (556.33 billion) worth of goods from its former archenemy, China, in the first eight months of this year, a 62 per cent increase from the same period last year. Trade Ministry figures published in Seoul newspapers
      Reuter  -  198 words
  • Page 8 Advertisements
    • 247 8 Stock Line. For latest updates anytime, anywhere. ■Baifcg: mM Wj ■3HVW vlB& X' KCS/V j•, /SysfrS^^B Now you don't have to keep track of your Radio Memo Paging when there's any crossing of J" "J S Please send me more informetion on Stock Line. j portfolio of investments through your
      247 words

  • Page 9 Advertisements
    • 113 9 In the 1850 d it was an alleyway leadi to Raffles Place. In the 1930 y In 1960 it In 1992 it will make history again. O- J In October 1992, Savu Towers will rise dramatically from historic Change Alley Two state-of-the art office towers soaring 37 storeys and 33
      113 words

  • Page 10 Advertisements
    • 170 10 •<:<£* $ti|F* .W- 1 %>'- •.'t. -:-;-l«^c^ 4 Ib/mtHi. .w >.-... .'/'viP' Mr, .J I to over here, overnight. There's only one way to i T 1 M ship it from over here J/ '<A- 1 c--:V <•'%-. >• ff-' ,h".:^ -v ":-i -—-^r~-*-:--:, v •.'£<<: I. v.:• '<".■■•. •'.'S'l*'%•''.»v'
      170 words


  • 526 12 EDITORIAL SO RATHER than let market forces dictate the premium for hiring more foreign workers, employers would have bureaucrats decide how much they should pay for the extra hands. Having made it abundantly clear earlier on which of the two alternatives they prefer, employers are expectedly pleased
    526 words
  • WHAT THE OTHERS SAY
    • 217 12 Launching the Promote the Use of Mandarin campaign last Monday, Prime Minister Goh Chok Tong reiterated the campaign's basic aim to get Chinese Singaporeans to speak more Mandarin and less diafcet. Mr Goh also reaffirmed that English would continue to be the common linguistic glue that binds
      217 words
    • 141 12 SENIOR Minister Lee Kuan Yew's message is clear: thill the strength of grassroots organisations is a critical factor in Singapore's success. Hence, his poitit that the challenge of the 1990s is to strengthen and deepen the roots of the grassroots leaders has to be taken seriously. It
      141 words
    • 163 12 SENIOR Minister Lee Kuan Yew has said that the Government's policies must be balanced. Balanced policies are not just for helping the lower income groups of the different races to catch up with the others. They must also be able to look after the interests of people from
      163 words
  • REGIONAL VIEWPOINTS
    • 151 12 CONVENTION carried the day at the inaugural 1991-1992 Legislative Council in-house meeting, with little change in the way business will be done in the assembly during the next six months at least. The councillors elected unopposed Mr Allen Lee Peng-fei as senior member for six months, pending
      151 words
    • 175 12 SO MANY encouraging developments have taken place in the world in recent years that should make all of us more hopeful about world peace, international cooperation, and regional development in East Asia. The Cold War is over and President Gorbachev himself has conceded the "defeat" of the communist
      175 words
    • 149 12 NEXT YEAR sees the coming into being of the North American Free Trade Area and in 1993 the Single Europe. In Central and South America free trade agreements are being negotiated and concluded by almost all the nations. If Asean does not fashion out economic cohesiveness for
      149 words
  • 875 12  -  Phnom Penh's phone lines are a tangled mess. But one foreign investor has cautiously started to pump in money to link the country with the outside world, reports Harish Mehta from Phnom Penh Harish Mehta THERE are only 3,500 telephones in Cambodia for the country's
    875 words
  • Page 12 Advertisements
    • 124 12 Throughout history, leaders have become legends by taking rtsks. The risk of the unknown, the unexplored, the uncharted. The challenge of trying something new. In the financial world, savvy risk managers know new ideas are not a risk, but a necessity. And that the biggest risk of all is a
      124 words
  • Page 12 Miscellaneous
    • 31 12 DOONESBURY BY GARRY TRUDEAU w/5 s fISHBMBS? WHAT THE RIGHT. I m amw THAT'S just ]Ht CWJUST mesmf- lUC*CKOUS,boop<*' 11 1 M&Svr MAUsWZR j **nxTf9r*srj*v> I i canj haonzthat! II enuS*
      31 words

  • ANALYSIS
    • 745 13  -  The United States and the Soviet Union have announced their intention to greatly reduce their nuclear arsenals. But does that necessarily mean the world would be a safer place, asks Alan Eisner Alan Elsner Reuter SWEEPING disarmament moves by the United States and
      Reuter  -  745 words
    • 1504 13  -  You may think that barter trade has gone the way of the dodo. But this apparently primitive phenomenon is alive and kicking in Australia today. Florence Chong reports from Sydney Florence Chong Deborah Hinder is paid 10 "ecos" an hour for her work at her
      1,504 words
    • 252 13 AN underground economy thrives in Australia. It has been estimated that it is probably worth around As2o billion (5526.8 billion) a year. Although the question of the impact of this economy on the real economy has been raised from time to time, little has been
      252 words
  • Page 13 Advertisements
    • 257 13 THE GLOBE BUILT TO CRITICAL STANDARDS WHERE QUALITY OF DESIGN IS THE DETERMINING FACTOR Highest grade fluorocarbon aluminium I SHrfi Slfijj OtS&Sjte cladding curtain wall -I Entrance lobby in dynamic mixture of ►ft!J j marble and granite enhanced by etched ■SSfe A water feature at the entrance focuses WdtBr aS
      257 words

  • CORPORATE FOCUS
    • 1043 14  -  Kumpulan Guthrie today is lean and mean, thanks in no small part to its chief executive officer Tan Sri Dr Ani Arope. He tells Shoeb Kagda how his revamp has paid off Shoeb Kagda FOUR years ago, Kumpulan Guthrie Bhd was a
      1,043 words
    • 397 14 Arguably the largest plantation company in Malaysia. Kumpulan Guthrie with a market capitalisation of MSI.9 billion (S$ 1.17 billion) has a past every bit as intriguing as Malaysia's history. The company was in fact founded in Singapore in 1821 by Alexander
      397 words
  • Page 14 Advertisements
    • 31 14 I I B i J^H: I ROOM FOR a Jl— FO« TRAVEL ARRANGEMENTS TO PARIS CONTACT UTA IN SINGAPORE (65) *****55 KUALA LUMPUR (403) *****52 OR JAKARTA (62 21) *****62 <■*» *fc*J
      31 words

  • INNOVATION & TECHNOLOGY
    • 393 15  -  Joseph Rajendran reports on a study group's recommendations Joseph Rajendran A STUDY group under the National Science and Technology Board has recommended the setting up of a Tropical Agrotechnology Institute with a funding of Ssso million over the next five years.
      393 words
    • 345 15 FT ANEW generation of personal computers that can read handwritten script as well as running standard personal computer programs will soon become widely available. These "pentop" computers will give users the choice of typing on a keyboard or jotting down notes on a tab-let-like
      FT  -  345 words
    • 562 15  -  Just when you felt safe upgrading your DOS, there are two new versions of the dominant operating system for PCs, says Kenneth James IT MATTERS Kenneth James SO THE WORLD holds its breath while IBM and Apple carry on a very public love
      562 words
    • 333 15 TOKYO American computer giant Texas Instruments has opened a Japanese research and development centre, to serve as a base for developing next-generation technology. "It demonstrates we place long-term importance on the Japanese market and that we believe in the technology we develop here," said TI chief executive officer
      333 words
    • 255 15 Reuter OVER a third of a i million peopte crowded into J apart* annual consumer electronics show last week, but many came away disappointed there were so few new ucts among the glitzy dfcr" plays staffed by hundreds of well-dressed young women.
      Reuter  -  255 words
  • Page 15 Advertisements
    • 1121 15 (IncorpOTNd A tfm RapuMc oI Sngapor*) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Twelfth Annual General Meeting of Rothmans Industries Limited will be held at the Registered Office of the Company, Virginia Park, 905 BukitTimah Road, Singapore 2158, on Wednesday 30 October 1991 at 11.30 am
      1,121 words
    • 198 15 INVITATION to a five seminar on iJ HOW TO COMPUTERISE YOUR PAYROLL, PERSONNEL, FINANCIAL I SYSTEM THE SUCCESSFUL WAY EASY PAY is a leading payroll system wilh over 1,000 packages sold in Singapore. I EASY STAFF personnel system is an award winning human resource package. vj| EASY ASSET fixed assels
      198 words

  • 809 16 Videoconferencing Productuvity tool of the new decade A DOZEN delegates from offices around the world gathered for the brainstorming session. Ideas were exchanged. Marketing strategies were run through the mill, the quarterly budget was reviewed. Queries were answered and targets set. All this without any of them leaving their offices.
    809 words
  • 698 16 Hardware and running costs have fallen drastically over the past few years THE COST of videoconferencing is no longer as prohibitive as one might think. Improvements in mass manufacturing techniques, the plunging prices of computer components and the larger economies of scale afforded
    698 words
  • 645 16 Its latest version is widely acknowledged as being able to provide the world's best video and audio quality TECHNOLOGISTS once joined hands to bring the world closer together via video technology. But now, as the technology itself becomes more sophisticated, customers have to shop around for the
    645 words

  • 264 17 OTHERS MAY BE packing their bags and heading for their twice yearly conference abroad but not Mr HB Chan, managing director of Conner Peripherals. Conner Peripherals, one of Singapore's largest disk-drive makers, have had their video conferencing unit for about three months and
    264 words
  • 65 17 Telecom Equipment is organising a seminar on "Videoconferencing: Communicating with Vision" to be held at the Westin Plaza, Bras Basah Room on October 18th. There will be two ses- sions to choose from, 0930-1 lOOhr or 1430-1600 hr. If you are interested in
    65 words
  • 321 17 SINGAPORE'S strategic location in the Asia-Pacific region, and its excellent business-oriented infrastructure makes it an ideal choice for multinational corporations to base their regional ofTices and operations here. A key factor in their decision to use Singapore is invariably its highly efficient telecommunications network a
    321 words
  • Page 17 Advertisements

  • Page 18 Advertisements
    • 219 18 WHERE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE GENUINE PENANG FARE LETT OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES, OR LIGHT
      219 words
    • 370 18 CANOPY BAR Arrange to meet here In the heart of the city, enjoy the unfair advantage. Briefly interrupt your hectic schedule, or capture the magic as daylight turns to dusk, and dusk to dark. Watch the world go by beneath open skies and take pleasure amidst the comforts of our
      370 words
    • 260 18 MLi AfXjr Have a memorable WMMw evening at our newlyK renovated Club 5! Unwind with a refresh- ing drink and let SUGAR N 1 V SPICES sooth A V" away your blues with their varied repertoire HAPPY HOURS T/k s 9pm >-H— Plaza Hotel w SiNC*POit AI»KOlO«lf «i •IKVITING HrailiKiMd>«n«apitfro7l9li
      260 words
    • 270 18 £f, j J! J October 15 18 *ffl 7pm Midnight \\\A Adult: $40+ inclusive of a beer m Child below 10: $20+ i We the world to you at The Belvedere. Chef s Carve: $23.00-.->j >jii succulent toast on the yajf '7H 5w wagon carved to your iKa@ choice. With
      270 words
  • Page 18 Miscellaneous
    • 626 18 TELEVISION AND RADIO U I IT/1 II -5=5 floi BUSINESS OH RAWO. HOO" W nPIT fl Tinfr gioo WardwMzz'lVarieiy. Stereo). MC, U. 9 A IUVy T T lllit Ct llllU* jm u CNN International 11 I I 030 Lh» Wll* (Stereo). HS5* 7.10 am, 9.2 Sam, l.JOpm, 9.00 News. S®S
      626 words

  • LIFESTYLE
    • 417 19  - What memories 3,758 runs The musical Cats turned nine last night. Mervyn Rothstein reports Mervyn Rothstein NYT Happy birthday. Rum Turn Tugger. Many happy returns of the day, Mungojerrie. And Macavity. And Mistoffelees. And Jennyanydots, and Griddlebone, and the Pekes and the Pollicles. And of course Grizabella. The Broadway production
      NYT  -  417 words
    • 330 19 Liz Taylor says 'I do' for the eighth time CHATTERBOX ELIZABETH TAYLOR took her eighth walk down the aisle last Sunday, marrying construction worker Larry Fortensky in a ceremony before Hollywood's chosen few at pop singer Michael Jackson's lavish ranch. Taylor was given away by Jackson, a close friend, and
      330 words
  • Page 19 Advertisements
    • 155 19 AND ENTERTAIN Jj]W *Ti ■BhHV/3BmZs3OMI¥ x*i Catch the dynamic energy of Ms Rima Rasif and the Kabooms. Dynamite. Explosive. Superfun. Eveiy Monday to Saturday Happy Hours: 6 to 9 pm ANAH om (one for one special) SINGAPORE 16 Nasam Ha. Smgaoore 1026 Tatophone (66) 732 1222 Mongolian Buffet at New
      155 words
    • 132 19 W %'j .y, |g. v *H'iM fir r A W jfl WAIT TILL SHE SEES THE BILL she gets when she checks out. We bet shell be laughing even harder. As you can see, she is already having a wonderful time with us. And our service has pleased her to
      132 words

  • SPORTS
    • SIDE LINES
      • 84 20 i MEXICO CITY The Peugeot team claimed first and second place in the Mexican world sportscar championship race on Sunday, but Briton Derek Warwick and Australian »David Brabham clinched the team title for Jaguar with a sixth I place finish. Former Formula
        84 words
      • 71 20 STOCKHOLM Boniface Merande of Kenya outkicked I Tanzanian Simon Robert Naali on a muddy, slippery home- stretch on Sunday to win the Lidingoloppet, the world's longest and largest cross-country race. Merande, an experi- enced cross-country runner who has competed in all eight world championships since 1984, covered
        71 words
      • 82 20 Top-seeded Sergi Brugera of Spain started the trailing 0-4 in his semi-final, but rallied to beat Thomas i Muster and then beat countryman Jordi Arrese 7-5, 6-3 on Sunday to win the Athens International Championship. Muster led on Saturday when their match was halted by I
        82 words
      • 57 20 1 TORONTO Christian Bloor, running only his second j marathon, used a relentless pace to overtake Canadian Carey Nelson with less than 150 metres remaining and won "the Toronto Marathon on a cold, windy, rainy Sunday. The British native timed in two hours, 18 minutes, four
        57 words
    • 401 20 First victory for McCallister since 1989 AP SAN ANTONIO Blaine McCailister birdied the second playoff hole with a 25foot (7.6-metre) putt on Sunday to win the Texas Open artd leave Gary Hallberg a heartbreaking second for the second consecutive year. The victory was McCallister's
      AP  -  401 words
    • 215 20 AP MILAN Just over 4,500 people were on hand for the final of the Milan Ladies Indoor, but Monica Seles and Martina Navratilova played like everyone in the world was watching. Seles, the world's No 1 player, beat Navratilova on Sunday in a thrilling
      AP  -  215 words
    • 338 20 AP NAZARETH, Pennsylvania Arie Luyendyk stole another Indy-car race on Sunday, using pit strategy to stretch his fuel and foil bids by championship contenders Bobby Rahal and Michael Andretti to win the Bosch Spark Plug Grand Prix. Rahal, who came into
      AP  -  338 words
    • 407 20 AP CLEMMONS. North Carolina Jim Colbert was relieved, Arnold Palmer almost had fun and Chick Evans was deeply embarrassed. Colbert came from three strokes back with a 67, survived a host of challenges and held on for a one-stroke victory on Sunday in the
      AP  -  407 words
  • Page 20 Advertisements
    • 297 20 MING'S DOUBLE CELEBRATION! That's right, it's a double celebration Ming's style. Why? Well, Ming's Cafe is celebrating its first birthday. Yes, we've been dishing out superb Penang Nonya food to a long list of satisfied customers for a year now. What's more, we're also celebrating the official opening of Ming's
      297 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4864 21  -  By Carolyn Lim CAUTION was the prevailing market sentiment yesterday with potential buyers still holding off in anticipation of lower share prices. "People are hoping to buy below the 1,300 level," said a broker. The Straits Times Industrial Index continued its retreat yesterday, shedding
      4,864 words

  • 3976 22 fHiin Doird GE Life 1420 20 +1.4% S Finance 172 +17 11.0% Roth Inds 50* 685 +15 +2.2* DBS 1170 +10 +0.9% OCBC 185 +10 +1.1% Focal Finance 130 +3 +4.0% Spore Bus 500 620 3 0.8% CXJB 420 +4 +1.0% CACWt 192 +2 +1.1%
    3,976 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 4129 23 Bernama SHARE PRICES in Kuala Lumpur closed broadly lower for the sixth straight session yesterday with quality stocks coming under selling pressure on lack of encouraging leads. The KLSE Composite Index fell 4.86 points to 508.25 while the Industrial Index was 9.23 points
      Bernama  -  4,129 words
  • Page 23 Advertisements
    • 53 23 tE\\N x 4^Hrv Survival Kit We've sharpened our image and focus to help you tame your corner of the concrete Jungle. A sleeker Singapore Business now gives you even better coverage of how companies in the Republic and beyond are stalking the opportunities of the *****. Singapore BusineM You can
      53 words

  • BT SHARE INFORMATION SERVICE
    • 177 24 Date Year Crw* N«t N«t Mr*hip Griu im to (I) par rtara dMdaad COM) (c«rt») Oct 3 Jun 91 $20,716(928.405) 4 8(6 2a) 14(18 la) Sep 78 tun 91 M$209.639($l/2.134 27 9(28 5a) 18(12 4a) Prop Sep 25 Jun 91 *1164,970(535.180) 16 1(8.7) 12 5(8) Sep 16 Mar
      177 words
    • 310 24 Data Yaar firwf pra-tax Nat aarategs Crass ann to pralK/lass (L) par shara tfivMand ('000) (carts) Oct 2 tun 91 M$35.810($32,503) 104(85) 15(15) Oct 2 Jun 91 $4,315($4,140) 101(11.5) 7(7) Sep 30 tun 91 M$37.468($33,337|) 11.6(10.2) 6(6) Sep 30 Jun 91 $3,896($3,056) 1.4(1.0) Sep 30 Jun 91 $18,167($16,913)
      310 words
    • 354 24 1 Date HaH-yur firaup pra-tax Interim am to praflt/l*** (L) tfivMat* COM) ess Oct 3 Jun 91 M$99($6,231L) Sep 30 Jun 91 $784($372) t Sep 30 Jun 91 $2,173($1,510) Sep 30 Jun 91 $13.485t ($13,967) ic Sep 30 Jun 91 $l,243($44«l) CM Sep 30 Jun 91 M$102($490) ia
      354 words
    • 798 24 Oct 3 Goodman Fielder Wattie Ltd is pulling out from discussions about the sale of its 64% in Cold Storage Holdings Ltd. Oct 2 General Magnetics will go ahead with its manufacturing projects in Thailand and Malaysia. Kemayan Oil Palm Bhd has entered into a conditional sale and
      798 words
    • 1049 24 Current Ex Books Date Total lor Total lor payiMRt date dot* payable the year last year Acma 5%IE (I) Oct 21 Oct 31 Nov 15 5%TE 101TE MSB 50c 351(b) Sep 13 Sep 27 Oct 25 3.5% 25% Avmo 20C 5%TE(I) Oct 14 Oct 24 Nov 15 5%TE
      1,049 words
    • 1017 24 Prices M at 07.10.91 Cosversioa term Premium/ Expiry -r- (discount) Amount Optional** using issued Company (mil Wrts Share Loan Com Exor LnstK Cash Cash, Loan Gearing Date Mths units) stock ratio price nom Sth Left value S I BurwiM 115.2 0200 0650 1 00 1.00 85
      1,017 words
    • 253 24 Main Board Last Fai Yaar Company Penod Datt Year Net EPS Gran Net muKtd endhf (cants) Ar pre* Iwt yaar (fOOO) Ceretwj Interim Apr 27 U 91 12 6 200TE(a) 38.911 Tone Mani Interm Aug 2 Dec 91 48 5 0 385 Clod Last FaN Yaar Company Panod
      253 words
    • 82 24 Company Rights Issue Tat Lm Franc* One-for-one $160 per start Ei-date Aug 21 Books dose Sep 2 Acceptance Payment Oct 8 Company Bonus Issue HTP rtdp One-fortwo Ei-date Oct 11 Books dose: Oct 17 Company Others Anal Steal Restricted Otter for Sale of Angkasa Marketing Bhd shares on
      82 words
    • 603 24 Company Rights Issue ha Pic Laid One-tor two g, MSO 65 per share Manet Tedi Orator-one g SI 00 per share Bolton Issue ot J*****m nommal amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the bass of (2 nominal amount of Bonds for
      603 words
    • 741 24 BONDS, LOANS WARRANTS Cow>M> C—m it— tm\*i Cwwrriw t*m tar m+mj ttmn ftni Wt Before 30/6/9* 1 warrant plus HK$100 cart CAC Wl Before 26/4/93 1 warrant plus 13.09 cash Causeway Low Causeway Wt 2/10/89 to 20/10/94 1 warrant plus )0 77 cart or 1 warrant plus 10 77 nommal
      741 words
    • 234 24 Acma Ltd; EGM at The Conference Room, 17 Jurong Port Road, Singapore 2261 on Thursday, Oct 10, at 3.30pm. Bandar Raya Developments Bhd: EGM at The Paddock, 30th Floor, Kuala Lumpur Hilton, Jalan Sultan Ismail, ***** Kuala Lumpur, Malaysia on Thursday, Oct 10, at 10am. Rashid Hussain Bhd:
      234 words
    • 185 24 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 N* 1333 08 3/6/91) Jjf 1991 tow: 1022.52 (16/1/91) 1991 1149 <16/1/91) 1990 Nch: 1435 43 (16/7/90) J 9 Jf JgJ-12 ("(3/90) 1990 km: 981.07 (09/11/90) g J* J75J0 2K822 1989 lifh: 1322 00 (28/12/89) g £776 1919 totr 917.42
      185 words
  • Page 24 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2230 25 Reuter TOKYO STOCKS slumped in thin trade yesterday, digesting last week's strong gains and awaiting further news on the direction of the yen and interest rates, brokers said. Uncertainty about Premier Toshiki Kaifu's successor was not sparking sales but might be discouraging trade,
      Reuter  -  2,230 words
  • STOCK EXCHANGE OF HONGKONG
    • 1820 25 AP SHARE PRICES on the Hongkong Stock Exchange closed mixed in decreased trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, lost 7.32 points, closing at 4,060.37. 5 Turnover amounted to HK$ 1.062 billion, down from Friday's HKS 1.631 billion.
      AP  -  1,820 words
  • Page 25 Advertisements
    • 29 25 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Telerate Read Chartpoint, a guide to investing in the Stock Market. Every Saturday in Business Times
      29 words

  • REGIONAL STOCK MARKETS
    • Aussie bourse dips in line with falls overseas
      • 899 26 WEAKER OFFSHORE markets caused Australian share prices to drift lower in quiet trading yesterday. But brokers said they were pleased with the performance of the market after two days of consecutive falls on Wall Street. A broker said the market was expected to be lower in light of falls
        899 words
      • 731 26 BANGKOK STOCKS closed sharply lower yesterday on heavy profit-taking, brokers said. Investors had not gained confidence in the market so they sold to take profits after price rises last Friday. The SET Index lost 18.91 points to 645.56 on turnover of 2.42 billion baht. Blue chip Siam Cement lost
        731 words
      • 492 26 MANILA SHARE prices yesterday climbed as the market emerged from the weekend feeling good about consensusbuilding in government on the US bases, a court's release of sequestered electric company shares, and falling interest rates. Brokers said an executive meeting today to flesh out details of a three-year US withdrawal
        492 words
      • 700 26 JAKARTA STOCK PRICES ended mixed in active trade yesterday, with the official index falling 2.23 points to 248.23 and turnover rising to 3.52 million shares from 1.76 million. Brokers said some shares closed slightly higher on foreign buying. Gudang Garam and Sampoerna edged up 50 rupiah to 4,600 and
        700 words
      • 521 26 TAIWAN STOCKS yesterday closed slightly higher in sluggish trade as many investors stayed out of the market. The weighted index opened higher and then wavered in a range of just 20 points before ending 20.99 higher at 4,817.65. Turnover was NTS 13.14 billion compared with NT59.53 billion in last
        521 words
      • 740 26 SHARE PRICES edged up in active trading on the Korea Stock Exchange yesterday. The Composite Price Index of the exchange gained 1.36 points to close at 713.88. Advances topped declines 405 to 224 among the 801 issues that changed hands. Volume amounted to 25,164,000 units valued at 424.354 billion
        740 words
      • 265 26 NEW ZEALAND shares yesterday ended softer for the second consecutive day as a combination of local and offshore factors combined to mark down leading issues such as Telecom and Fletcher Challenge. Trading was the quietest in a long time, brokers said, with turnover worth NZ$6.5 million. The NZSE-40 Capital
        265 words
    • 428 26 Close Previous Oct 8 AUSTRALIA All Ordinaries Index 1,579.2 1,587.0 -7.8 All Industrials Index 2,445.1 2,455.8 -10.7 All Resources Index 916.8 922.3 -5.5 Turnover (million) 63.5 106.8 -43.3 BANGKOK SET Index 645 56 664.47 -18.91 Turnover (oillion baht) 2.42 2.8 -0.38 JAKARTA Composite Index 248.23 250.46 -2.23 MANILA Composite Index
      428 words
  • Page 26 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 495 27 Reuter NEW YORK Several American firms are expected to be implicated as Freddie Mac and Sallie Mae take tough steps to ensure honesty in their bond sales in the wake of discoveries that some firms cheated on Treasury auctions. Traders
      Reuter  -  495 words
    • 414 27 Reuter SAN FRANCISCO The Resolution Trust Corp's ethics panel has completed its review of whether Salomon Inc is fit to continue work as an agency contractor and forwarded its recommendation to the RTC board. David Cooke, RTC executive director, refused to comment on what conclusions
      Reuter  -  414 words
    • 383 27 Cross rates o«7 USS SS MS Dm Yen SFr AS NZS USS 1.6910 2.7400 1.6770 129.60 0.5757 1.4670 1.2610 1.7637 SS 0.5914 1.6203 0.9917 76.6410 0.3405 0.8675 0.7457 1.0430 MS 0.3650 0.6200 0.6120 47.2993 0.2101 0.5354 0.4602 0.6437 Dm 0.5963 1.0083 1.6339 77.28 0.3433 0.8748 0.7520 1.0517
      383 words
    • 535 27 Interbank rates SS Bid Offer Overnight 2 1/4 2 1/2 1-month 4 1/4 4 3/8 2-month 4 3/8 4 1/2 3-month 4 1/2 4 5/8 Overnight mode: 3-1/16 ISS Bid Offer 7 days 5 1/4 5 3/8 1 month 5 3/16 5 5/16 2 months 5 1/8 5
      535 words
    • 959 27 REPORTS Reuter ASIA Tokyo: The dollar moved narrowly in late Asian afternoon trade after firming modestly from earlier lows against the yen on short-covering. It was barely changed against the mark as bearish dollar sentiment lingered. "I think people still want to
      Reuter  -  959 words
    • 1052 27 sIMex EUBOOOLLAK Open High Low Sett Est Vol Op/Int Vol Dec 91 94.47 94.48 94 46 94.47 4410 ***** ***** Mar 92 94.56 94.58 94.56 94.57 2610 ***** ***** Jun 92 94.38 94.40 94.37 94.39 1300 7027 4351 Sep 92 94.07 94.10 94.07 94.08 532 2202 1062 Dec
      1,052 words
  • Page 27 Advertisements

  • COMMODITIES
    • 286 28 Reuter GENEVA The world needs a new policy for trading commodities that would balance supply and demand at improved prices on the currently depressed and oversupplied markets, a top United Nations trade official said. Kenneth Dadzie, secre-tary-general of the UN Conference on
      Reuter  -  286 words
    • 356 28 Reuter LONDON Developing countries have lost billions of dollars of export earnings in recent years, as commodity markets slumped and prospects are dim for a price revival, commodity experts say. Poor nations in Africa, Latin America and Asia have struggled to keep
      Reuter  -  356 words
    • 846 28 REPORT THE PRICE of tin slipped a sen on the Kuala Lumpur Tin Market yesterday to settle at M$ 14.85 per kg on poor fundamentals and lack of fresh buying support at the start of the week. Dealers said the market was
      846 words
  • 1336 28 Rubber ocn KM (hi In Mw) S ccnls/V^ Noon Close Int I RSS Promt* 138.75/139.75N 139.50/140 50N Int 1 RSS Nov 91 140.25/140.75 141.00/141.50 Int 1 RSS Dec 141.50/142.00 142.00/142.50 Int 2 RSS OP 137.25/139.25N 137.75/139.75N Int 3 RSS OP 135.75/137.75N 136.25/138.25N Int 4 RSS OP 132.25/134.25N 132.75/134 75N
    1,336 words
  • Page 28 Advertisements
    • 611 28 BUSINESS TIMES TBLBPHONB: 730-5771/5772/5773 FAX: 734-4982 Q Focal Finance Focal Finance Limited Incorporated in Singapore (A Member of the OCBC Group) ANNOUNCEMENT Pursuant to Article 32(4) of the Articles of Association of the Company, it is hereby announced that from declarations received by the Company as at the end of
      611 words
    • 503 28 TEDOYSON AUTO PTE LTD (Incorporated in Singapore) NOTICE OF RESOLUTIONS At an Extraordnary General Meeting of the members of Teddyson Auto Pte Ltd duly convened and held at 53 Jalan Dusun #0642 Singapore 1232 on the 7th October 1991 the fofaMng special resolutions set out below were duly passed:VOLUNTARY WMDMG
      503 words
    • 11 28 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words

  • 1084 29 Ctty FHgM ETA Flight ETD PfcaM GA893 1225 GA892 0110 Mllalii QF82 2200 RJ183 0100 AawMrtfan GA893 1225 GA892 0110 KL&37 1340 KL838 2305 Ancfci—d SQ388 2045 NZ36 2305 •aadar Sari BW21 1105 BI422 1205 hp«H BI429 2030 ***** 2125 8195 2140 ■aaghah SQ69 1145 TG402
    1,084 words
  • THE TRAVEL PAGE
    • 510 29  -  LETTER FROM IRELAND By Paul Majendie THE Burren has been called the most unspoilt place in Ireland. A lunar landscape, it stretches for 260 sq km across terraced limestone hills, where ancient forts and megalithic tombs appear amid the gaunt rocks and rare animals and plants
      510 words
    • 154 29 As at 3pm yesterday: Ijocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3377 1.3491 Canadian dollar 1.4784 1.5008 NZ dollar 0 9486 0.9870 Sterling pound 2.9262 2.9512 US dollar 1.6880 1.6920 I .ocaI dollars to 100 units of foreign current Austrian schilling
      154 words
    • 149 29 Duration Title Venue Organiser Tel Duration Title Venue Organiser TH 00 2 10 Tehran Ir-Tehran Export Promotion *****1911 Oct 17-21 6th International Milan Trade Associazione 02/4813">04 International Fair (Iran) Centre of Iran Audio. Video. Fair. Ital> Promozione Oct 5-9 Cuisine Cellar Wein Weiner Messen **********0 Broadcasting Mostre
      149 words
  • Page 29 Advertisements
    • 57 29 Zurich fly to Europe with Finnair. (And the not so well-off too.) Because Finnair flies a superb twice-weekly route from Singapore to Helsinki and then over 30 European destinations. Call *****77 for details. W* know Europe from start to Finnish. Find out how' sellers are reaching out to buyers in
      57 words
    • 52 29 StairSN under scrutiny Jj What do Singapore's entertainment writers think of /V famous stars who have 7 been here for performances? Vanilla Ice, Debbie Gibson, Eric Clapton, Boy George come under scrutiny. And so do Jackie Chan, Andy Lau, Chow Yun Fatt, K Carol Cheng, Alan Tam, Amy Yip. y
      52 words
  • Page 29 Miscellaneous
    • 208 29 1 Provide food and support P*— for lover of greens (11) 9 Signals and strikes the ball 10 Mixed metaphors in MoHere play (11) a small number in Czechoslovakia (4) 16 Airs composed by priest in I Hebrew, perhaps (7) 18 22 Old ones like this having 23 Book covering
      208 words
    • 205 29 Singapore Outlook: Hazy with showers over a few areas in the late morning and early afternoon. Report; Maximum temperature 32.4 Assoc humidity 54% Minimum temperature 26.0 Assoc humidity 85% Hours of sunshine 6.35 Rainfall in mm Nil Rainfall this month Trace Rainy days this month 0 World report Asia-Pacific Hi/Ix>*
      205 words
    • 31 29 QRNP TM^Sg-V RjTTHPfT UNDeR\ (U>HC£c I PUT) \l VCODSu**M Qp j lT*e.se.* l9f^.*^ s6 >L i r l UOußnjP\l 7 j —<==?i >-% \7 PiieTHern wuw/ UNDGRN 1 L •WISCeUAHEOUS:,;.. I 86ia
      31 words

  • 445 30  -  Asean Economic Ministers Meeting From Yang Razali Kassim in KUALA LUMPUR ASEAN's private sector must assume a greater role in promoting trade and economic cooperation as Asean governments prepare for a liberalised regional economy, said the Malaysian Prime Minister. The Asean private
    445 words
  • 297 30 AP TOKYO Japan is concerned that a bilateral trade agreement between the US and Singapore could upset multilateral efforts to strengthen a regional trade forum, according to a top Japanese trade official. The official, from the International Trade and Industry Ministry, said yesterday
    AP  -  297 words
  • 310 30 Reuter BANGKOK A Cabinet minister on a committee considering granting investment privileges to Hopewell Holdings Ltd has said he objects to the company's proposal to build a mass transit and land development project. Phaichitr Uathavikul, a minister attached to the Prime Minister's Office, wrote
    Reuter  -  310 words
  • 216 30 Desaru resort dispute SINGAPORE The two bickering partners in Malaysia's multi-million-dollar Desaru resort project appear deadlocked in their attempts to settle their differences. The developer, Desaru International Resort Sdn Bhd (DIRSBX has just 48 hours before the Johor government takes back legal possession of the
    216 words
  • 161 30 AFP HONGKONG Hongkong's managers and professionals see the territory's economic prospects growing increasingly gloomy before and after 1997, the year China resumes control, according to a survey released yesterday. The survey of 100 professionals and managers early last month by International Research Associates
    AFP  -  161 words
  • 794 30  -  The Bottom Line LEONARD SILK LEONARD SILK The writer is a columnist with the New York Times, where this comment first appeared TO DIVERSIFY the risks to its cconomy, Japan is shifting the focus of its global strategy away from the United
    794 words
  • 226 30 Reuter TOKYO The owners of a Malaysian liquefied natural gas (LNG) plant have agreed to invest over US$2 billion (about 553.4 billion) to double the plant's capacity by 1995, a spokesman for Mitsubishi Corp, one of the investors, said yesterday. He said
    Reuter  -  226 words
  • 244 30 Reuter SAN FRANCISCO The planned merger of BankAmerica Corp and Security Pacific Corp is on track and has hit no snags, says Security Pacific chairman Robert Smith. Some analysts have been speculating that the deal might not go through, with
    Reuter  -  244 words
  • Page 30 Advertisements
    • 300 30 J£_ Baume Mercier GENEVE 1830 GIVE YOUR na THE EXECUTIVE pmmir Diminished worry lines teadngto fine lines Removedored baggy eyes V jA Diminished *****01 fHt ~"TfO furrowed *j| .JjfjHfr stress lines Remowd jfc *9fb£ J^B^ open pores and blackheads jMyflJp J^^B Y? Removed the start of y-J|fe the double chid
      300 words
    • 89 30 _0L Baume Mercier GENEVE 1830 70 Anson Road FREEHOLD Office Building *PT|L_ T 20 leveis of strata offce space totting |U 8.300 93 aq m(90,320 aq ft). Strategcaly located at tfte junction of ,ifl Anson Road and Enggor Street In tw i immediate vanity of major presigcus I buildings such
      89 words

  • Shipping Times
    • 389 31  -  By Rahita Elias SINGAPORE Mediumsized air freight forwarders will be the hardest hit by changes in the industry, said Richard Hastings, Nike Inc's transportation manager, import programmes. Speaking at the 22nd World Congress of the International Federation of Freight Forwarders Associations (Fiata) yesterday,
      389 words
    • 274 31 SINGAPORE The WorldWide Shipping group of Hongkong will add two very large crude carriers (VLCC) to its fleet as part of its fleet expansion programme. The vessels, which will be built in Korea by Daewoo Shipbuilding and Heavy Machinery limited, will be delivered by
      274 words
    • 329 31 AP BEIJING A top aerospace official avowed China's determination to become more active in international satellite launches despite a slow start, a newspaper reported on Monday. Deputy Aerospace Minister Wang Liheng announced the founding of three new sp«ce-oriented research organs, and said the
      AP  -  329 words
    • 221 31 Reuter GENEVA American Telephone and Telegraph Co would be willing to build a European private communications network if customers demand it, chairman Robert Allen said. Mr Allen told a news conference that the company does not have a plan at the moment for such a
      Reuter  -  221 words
    • 913 31 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 APC Line 13 5 Arrow Inter 9 4 ASCL 5 I ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 18 3 Bangladesh Shpg 8 5 The Bank Line
      913 words
    • 384 31  -  By Dexter Lee SINGAPORE Singaporebased marine and offshore equipment distributor, Asian Mariner, has clinched its first major order from Vietnam a remote control underwater pipeline trenching vehicle worth US$3.5 million (about Ss6 million). The buyer is Vietsovpetro, a joint-venture formed by the Vietnam and
      384 words
    • NEWS SUMMARY
      • 54 31 IN THE four years since executives from the world's leading telecommunications companies last met in Geneva to discuss the global market-place, the world has changed vastly in both technological and geopolitical terms. This year's conferees face urgent work as Telecom 91 opened in Geneva yesterday. Anthony
        54 words
      • 31 31 The sale of satellite EPIRBs (Emergency Position Indicating Radio Beacon) to shipping firms has picked up in recent months to meet the Feb 1992 deadline Back Page
        31 words
      • 54 31 TINY pocket telephones, phones with built-in television screens or compact discs, phone networks that can send TV signals, data and voice on beams of light, even phone networks powered by windmills. These are just a few of the dazzling devices on show at
        54 words
      • 50 31 BOEING Co said on Sunday that it expected to lay off or reassign at least 2,500 employees because of plans by President George Bush to cut the US nuclear arsenal. Four Boeing programmes would be cancelled as part of Mr Bush's cuts Back Page
        50 words
    • LOG BOOK
      • 129 32 ATHENS Two international terrorism cases, one involving the bombing of an American passenger jet and the other the hijacking of the Italian cruise ship Achille Lauro, are now before the Greek courts. Mohammed Rashid, a 41-year-old Palestinian, went on trial on a murder charge
        129 words
      • 73 32 SANTA MONICA, California A Ford Tri-Motor "Tin Goose" that Charles Lindbergh flew fetched a record price and Cary Grant's Convair 240 flying limousine went for more than US$lOO,OOO (about S$ 170,000) at a plane auction. The Ford Tri-Motor, which Lindbergh piloted for American Airlines, was
        73 words
      • 67 32 PORT MORESBY Three people died, including an American oil worker and an Australian pilot, when a helicopter crashed in mountainous jungle in Papua New Guinea. The Aerospatiale Squirrel, on charter to a local subsidiary of US-based Chevron Corp, came down on Friday 20 minutes after taking
        67 words
      • 32 32 TOKYO Nippon Express Co Ltd, a major Japanese transportation company, will send a study mission to the Soviet Far East to inspect the distribution system there.
        32 words
      • 46 32 ISLAMABAD The Pakistani government on Sunday allowed the state-run Pakistan International Airlines (PIA) to increase its domestic fares by 20 per cent. The increase in passenger and cargo rates was allowed to help the PIA cut its losses on domestic routes.
        46 words
      • 61 32 AT T's video pay phone NEW YORK American Telephone Telegraph Co has introduced a new pay phone that has a video monitor to display text and graphics, a keyboard to dial computer databases and would allow travellers to plug in laptop computers or portable fax machines. The phone, called AT&T
        61 words
      • 66 32 LUFTHANSA German Airlines will launch three weekly flights from Frankfurt to Riga in Latvia and Kiev in the Ukraine from next month. The carrier said that the new services were a response to the latest political developments in the Soviet Union. The Kiev flights will be
        66 words
    • 904 32  -  The world has changed vastly in both technological and geopolitical terms since the Telecom 87 meeting. Anthony Ramirez looks at the issues facing Telecom 91 which opened yesterday. Anthony Ramirez NYT IN the four years since executives from the world's leading telecommunications companies last met in
      NYT; Punch  -  904 words
    • 734 32 THE FREIGHT market was steadier on Friday with the continued strength in the grain sector again lifting Panamax rates, dry cargo brokers said. This resulted in a four point rise in the Baltic Freight Index to 1,551 with US Gulf/Netherlands up at U5512.93 from U5512.89 and transatlantic time-charters
      734 words
    • 9922 40 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
      9,922 words
    • 3300 45 Containeiiine NV: Belsin Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albntros Sea-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,300 words
    • 251 45 Abacus Couriers Td: 545-8011. Fax: *****98. Air Express Travel Td: 533-5771. Fax: *****44 Airborne Freight Corporation Td. 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Td: 278-0188. Fax: *****83. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Liak International Td: 344-3377. Fax: *****50. Cluster Link Supplies A Services
      251 words
    • 1537 45 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7821 Fax: *****20. Aerolink Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax *****06 Air Express International Td: 542-7666. Fax: *****74. *****50. Air
      1,537 words
    • 1633 46 SHIP SALES TANKER RATES Although the chartering market on the dry side, for the week ending 4th October 1991, has not yet come up to the levels which were hoped for, it does now appear to be improving and the news of fresh Russian grain acquisitions is causing a new
      1,633 words
    • 553 46 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TOOAY NCA KZ203 B747F 0145 I NRT SIA SQ802 B747F 0230 2 SYD/AKL KAL KE697 B747F 0150 1 SEL NCA KZ204 B747F 0335 I BKK/NRT JAL JL617 B747F 0345 I TYO KAL
      553 words
    • 332 46 CRUISE FERRY SCHEDULES CRUISE SHIPS Aft Dep Name of Vessd ETA ETD Pom of Calls Port Agent OCT 08 08 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 10 10 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 11 11 Ocean Pearl 0700 2359 P KJang-Sin-Bangkok Borneo Shipping 12 12 Orient Sun
      332 words
    • SHIPS IN PORT
      • 394 47 ttm fry* Brti <nM PjMrtot Vwsd Voy No Berth Amval Departire Marina Terminal 1 Niaga 21 j3 08 10/2359 09 10/2359 Batam Maw *****A M05 alongside 08 10/0500 Pine Bright 9 J5 08 10/1700 09 10/1800 8atammdo 1 104S M01 alongside 07 10/1700 Smar Irtfan J2 08
        394 words
      • 219 47 Johora Port Kuantan Port Berth: 1: Million No 3; 2: Selesa Maju; 3: Hai Ning; 4: nil; 5: h the roads: berth 1: mi; 2: nil; 3: ml; 4: ml. Barge Munar No 2; 6: Jiu Jiang. Pafrn oi berth outer: Conquest Venture L. 01 jetty: Jo
        219 words
      • 913 47 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Record Bookn|/Batance Rstts Ship Voy No Etb/Btr Period From To From ACX Jade 53A 09/1500 4 08/1200 08/1459 08/1700 ACX Rose 196 08/2300 1 07/1500 07/1659 07/1900 2 07/1700 08/0659 08/0900 AD Goncharov 55SI91 08/2030 1 07/1500 07/1659 07/1900 2
        913 words
    • 360 48  -  By Abdul Hadhi SINGAPORE Sales of satellite EPIRBs (Emergency Position Indicating Radio Beacon) to shipping firms have picked up in recent months to meet the Feb 1992 deadline. Under the amendment to SOLAS 1983 (Safety of Life at Sea) Convention, all vessels are to
      360 words
    • 166 48 Reuter SEATTLE, Washington Boeing Co said on Sunday that it expected to lay off or reassign at least 2,500 employees because of plans by President George Bush to cut the US nuclear arsenal. Boeing Defence Space Group spokesman Pete Dakan said four Boeing programmes
      Reuter  -  166 words
    • 499 48 Reuter GENEVA Tiny pocket telephones, phones with built-in television screens or compact discs, phone networks that can send TV signals, data and voice on beams of light, even phone networks powered by windmills. These are just a few of the dazzling devices on
      Reuter  -  499 words
  • Page 31 Advertisements
    • 39 31 E Europe takes centre-stage, Pg 2 Latest technology at Telecom 91, Back Pg Lints and tsrvicss rtprsssntsd Miwhri of Km Registry «f Accrsditsd ftSSgml] Singers NSUomJ $h^ ping UMotiNa. wjjw' /•<v uilvcrtisinx enquiries, contact Shipping limes /W 740-21)89/740.2090 V
      39 words
    • 194 31 ~~B%& »r ifj MiKmMMIHB] $^t-Msx^^^kM^^MSSUKmt'M MASkargo I DCIO FULL FREIGHTER I /Am n m n M#VWofUO I—l afiJMfr- > **>* <5« *1 jjS^MCif*^; <*&> vr ?v y«- .v«*rt^sS^^SM^^m >.«y> ..f" ire* 3|^jjagra& I INCREASED CARGO CAPACITY I EVERY WEDNESDAY TO LOS ANGELES 1 I I AND EVERY SATURDAY TO j
      194 words
    • 49 31 V Forwarders 15 Ar Fre«M Schedule 16 Contarer Schedule 17 Courier Semes 15 Cruoe A Ferry Schedules 16 My Frefhta 2 Index to Advertisers 2 Shppng Agents 15 Shppmc Gudt 10.11 Shjnales/Tanker Rates 16 Sups m Port 17 Singapore Tries 17 Transport Dory 3 Weather and Sea Condrtxxn 17
      49 words

  • Page 32 Advertisements
    • 96 32 ilp^ I *****11(1 a conlroversial deal between two stock I J/ market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of
      96 words
    • 66 32 I" AGENCY REQUIRED 1 A WELL ESTABLISHED, 3 EXPERIENCED, FULLY ACCREDITED lATA AGENT I REQUIRES AN OVERSEAS AGENCY TO f OPERATE ON RECIPROCAL BASIS UPON MUTUAL AGREEMENT; f AIRFREIGHT/OCEANFREIGHT, 1 CUSTOMS BROKERAGE INHOUSE f AND FREESTORE J AUSTRALIA WIDE COVERAGE 1 i| ALL ENQUIRIES HELD IN STRICTEST f OF CONFIDENCE
      66 words

  • Page 33 Advertisements
    • 2340 33 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES till#* TEL: *****11 FAX: *****09 Alllff BOOKINGS TEL: *****34 *****58 IVfVmW TERMINAL/CFS TEL *****18 220 P RmM fl PESAKA JARDINE SHIPPING AGENCIES SON. BHD A PORT KELANG TEL: *****18 FAX: *****91 *****88 PENANG TEL *****4 FAX: *****1 CFS TEL: *****6 bhm Dedicated to
      2,340 words
    • 2073 33 TRANSPORT DIARY Oct 10 (12.15pm-2.30pm): Luncheon Talk on "Oil Pollution", organised by Singapore National Shipping Association at the World Trade Centre Club. For further details, please contact SNSA at tet: 273-3574 or fax: 274-5079. I Oct 15-16: Seminar on Trading, Shipping and Banking Documentation for Procedural Export Operations, organised by
      2,073 words
    • 1516 33 ■nirnimi* TWO SAILINGS TO USA MCKINNEY MAERSK ¥.9100 ETA SIN 15/10 LAUST MAERSK V.9T12 ETA SIN 14/10 VmM Voy ETA ETD Feeder by Singapore Merkur OH. DESTINATIONS to tn» «Mk Mckmney Ma«r>k 9106 CY 15/10 0000 HRS Port CFS 14/10 2359 MRS Kalang Panang OAK LGB HOU MEM ATL MIA
      1,516 words

  • Page 34 Advertisements
    • 751 34 ANNOUNCEMENT This is to remind all our valued customers of the hand over of all Agency work from Messrs Segani Pte Ltd to HAPAG-LLOYD (SINGAPORE) PTE LTD 17 Upper Circular Road #02-00 Juta Building Singapore 0104 Tel: 534-0700 Fax: 534-0040 Tlx: RS ***** HLSING Cable HALOSINGAP which became effective October
      751 words
    • 618 34 SEASPAC SERVICE DWECT SOUTH PACFIC SERVICE L J BONTANG 2505E8 28/10 nMI U/11 10/11 ALSO ACCEPTMG CARGO VIA SUVA TO: lAUTOKA. PAGO PAGO. APIA I NUKUALOAf A DWECT CHILE/ SOUTH AMERICAN SERVICE SIN IQQ ANF VAP CLX L. J. BONTANG 2805E8 28/10 2/12 10/12 17/12 ALSO ACCEPTMG CARGO TO ARICA,
      618 words
    • 1652 34 HhBH REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE f VSL/VOT SM ALG BCL HAM BRE ROT ANT FEL LHA (VIA (VU (VU ALG) HIM) ROT) NORASIA SHARJAH 9130-3 11/10 01/11 03/11 06/11 07/11 07/U 08/11 09/11 10/11 J NORASIA MUBARAK 9131-3 13/10 03/11 04/11 08/11 10/11 09/11 10/11 11/11
      1,652 words

  • Page 35 Advertisements
    • 1971 35 Steamers Maritime Holdings Ltd fITIV STRAITS SHIPPING la M-i 1Containers fiLgag^^ Mil'wTßWllKHHlMSH^iMiK'Bll'illtll^B »o, Ho Kit H Kong #PU Sp«l M( Sou Ant KM Hb| ACCEPTS DUE SMS LRBOE MAfRSK 9112 OMITS All PORTS 13/10 24/10 27/10 20/10 OMT CM GO KNKUM UTOM4 10/10 00/10 12/10 29/10 11/10 02/11 STRAITS HOPE
      1,971 words
    • 2136 35 Mr-wrrnwrrrmmrm TO; U.3.A./PANAMA PM: U.8.A./PANAMA toy v oak ici ob foo m» not ntc wpii tot im w wi la aw CMOTMC CHAMCf CFI4O 12/1* S/U 0/11 15/11 l*/tl 20/U »/ll 23/11 VOH SfNATOR MAUI 21/1 21/1 25/0 M/l I/* 9/10 cnotwk sue era irui u/u 12/11 11/11 22/11 17/11
      2,136 words
    • 361 35 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR OSAKA /HIMEIJI /TKY/CHIBA/ YOKO/NAGOYA AMBALIKA V 64 N.B. ETA SPORE 12/10/91 ETA PK 14/10/91 LOADING FOR Y OKOHAM A/N AGO Y A7OBAKA COSMIC MASTER V 3 ETA SPORE 18/10/91 ETA PK 20/10/91 LOADING FOR NAGOYA/OSAKA OR BENBOKU ASEAN TRADER Vl4 ETA SPORE 25/10/91 ETA
      361 words

  • Page 36 Advertisements
    • 570 36 CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE W./VOT STOtt ROAM ADAM H BURG BREMEN ANTWERP MATNUM/30NB 15/10 11/11 23/11 27/U 1/12 SMMJATA/33W8 30/11 3/1 9/1 15/1 20/1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject lo lnduc«m«nt Also accepting cargo to Casablanca. Port Said, Port Alexandria, Genoa, Trlaata ALSO ACCEPTING
      570 words
    • 994 36 \(3\%t iS. 3& ySS HANJIN SHIPPING IS'port |LEH HTM ANR HAM BDV FEL FEEDER VSL ISM I LINE HAUL LGB OAK HANJM HAMBURG 007* 9/10 27/10 28/10 29/10 29/10 30/10 31/10 HANJIN OAKLAND 015E 15/10 MECT 5/11 «/U HANJIN FELIXSTOWE 009* 13/10 31/10 1/11 2/11 2/11 3/11 4/11 HANJM LONGBEACH
      994 words
    • 56 36 REGULAR WEEKLY SERVICE TO: DUMAI* PERAWANG* PEKANBARU 5 VESSELS OPERATING BATAM SERVICE EVERY MONDAY A THURSDAY OWNERS A OPERATORS OP CARGO VESSEL, TUGS A BARGES SPECIALISE IN HEAVY-LIFT, PROJECT CARGOES TO ALL INDONESIA, MALAYSIA, THAILAND. FHIUPINE PORTS. OFFER CHARTERING OP OUR CAROO VESSEL, TUGS A BARGES. TEL: *****26 FAX: *****63
      56 words
    • 1247 36 I mi »«utatm*l oa K! se ito i« cw i* mu«mnwwn cm rn I E GOUd K-032 0/10 J/10 IVIt 10/ It U/10 21/ M 22/ It 24/10 25/10 20/10 20/ 10 0/U 20/11 22/11 24/U J/12 4/12 5/12 0/12 1/12 11/12 21/12 l/l Z/lfl Eao K 049 10/10 17/10
      1,247 words

  • Page 37 Advertisements
    • 1964 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 B AUST/INDIA/PAK SERVICE: *****18 CFS K27 EXPORT *****53/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 m NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33, P. Kelang-(03)
      1,964 words
    • 1097 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1) *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES I EASTBOKC-OCCHWaWG WESTBOtfC-IOWWC TWCHPPED VIA HOTTHPWi ttsms voy |n» mc wi |m [us [w» |ti |«tm
      1,097 words

  • Page 38 Advertisements
    • 1476 38 K 44 WV f» ICR No: **********0 M) V W V■■ AS AGENTS: KAWASAKI SINGAPORE (PTE) LTO IJ 1 TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 M ■J 1 WVI MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD TEL: SA *****00 PK *****01/5 PENANG *****0 JB *****1. KAWASAKI KISEN KAISHA, LTD
      1,476 words
    • 1132 38 TfQ PHIII OMCNT UN€S PTC LTD I 108 Robinson Road #07-00 GMG Building Singapore 0106 Tel: *****22/*****69/*****00 Talax: RS ***** PHIU FAX: *****78/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION Jl^l' 10 OCT DUBAI. DAMMAN. SHARJAH. DOHA. 15 OCT
      1,132 words

  • Page 39 Advertisements
    • 1229 39 asiiaPlf PACIFIC INTERNATIONAL LINES (PTE) LTD mummm mi ml wkttß P,L Building, 140 Cecil Street #03-00, Singapore 0106. [JAKARTA I I BANGKOK I VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN EQUATOR MAS 18N 10/10 13/10 17/10 KOTA SURIA 9106 10/10 11/10 10/10 BUNQA TERATAI 413 13/10 18/10
      1,229 words
    • 1067 39 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax- *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S HAMPTON HAMBURG GOTHENBURG FRANCE HOLLANO UK GERMANY/SCAN SWEDEN Benavon- 358 11/10 27/10 28/10 31/10 Jutlandia f 356 10/10 31/10
      1,067 words
    • 580 39 MYANMA fßk FIVE STAR UNE w (Myanmar National Una) Loading for Yangon (Rangoon) S'poro P.KIj Pen P.Gd| MERGU VIO9W 10/13 Oct PtWA ****** 14/17 Oct 10/12 Oct HPA-AN VISBW 27/30 Oct THE BANK LINE (A »onrtco of Andrew Wotr Shipping) \I SEMI-CONTAINER SERVICE \l HEAVY LIFT CAPABILITY I EXPRESS TO
      580 words


  • Page 41 Advertisements
    • 747 41 nr^TnTrffMß r ScanDutchO 1 TO EUROPE (NORTH CONTINENT-UK-SCANDINAVIA) WEEKLY FEIDCW W»HL P KLANO PEN ANO OCEAN VEBBEL UN LE HAVWK(I) WOAM(l) BHAMPTONfI) H«OWO<4) QftOBQ (0) B. Sarofa/W Bhun 4/10 0/10 J/iP 5/10 Ba«a«on/3S8 11/10 21/10 28/10 30/10 31/10 B. S«rofa/W. Bhum 4/10 0/10 3/10 5/10 MUmti/3K 10/10 31/10 1/11 8.
      747 words
    • 665 41 Nedllovd weekly, fixed da y, direct call to inos LE HAVRE, ROTTERDAM, HAMBURG, Neaiioya Lines bremerhaven. felixstowe from jah 1992 HEW ZEALANP/FUI I VESSEL ftt PJ(g •Pa *M Sbi ST>aya Auckland Hp(A) N-Ptymoutt(A) Timaru Lytttlw(B) 0we*(B) Napiar Wafc«iw(C) Tamanga N Rouen/9124 30/9 2/10 24/10 24/10 25/10 28/10 11/11 23/11 13/11
      665 words

  • Page 42 Advertisements
    • 710 42 TO AUSTRALIA/NEW ZEALAND [15 [tti |fr«m I KM I Sytf lAw* INK If CHALM mSmn m~ 24/10 ii/io a/11 »/u u/u 17/11 MARTHA I 201 14/11 21/11 2S/11 1/12 7/12 10/12 ELLEN HUM nT 1/12 0/12 14/12 10/12 24/12 27/12 omasa 2U 17/12 25/12 10/12 s/i 11/1 uTi TO USA/CANADA
      710 words
    • 876 42 EXPORTS TO HONGKONG, TAIWAN, MANILA I JAPAN "TWtt WEEKLY" MALACCA STRAITS SERVICE IOUTBQUNO VOT PKL PEN XT SM MNL HKG KAO Kg TTO SMi NGO KM~|| VC»a WY |SM jPXL PEJI BLW SM OCX DAISY ISB *4.10 110 1110 IS.IO 1711 2211 23.10 24 10~ ACX IAOE 53A 910 13.10
      876 words
    • 126 42 PERUS"H AAN LA^A"kXfli KALIMANTAN i r DIRECT WEEKLY SERVICE TO 1 JAKARTA/TG. PRIOK Vessel ETA/ETO DESTWATION NIAGA XXI Voy 23/91 9/10 Oct JBkarti/PalB«nbanf i NIAGA 42 Voy 17/91 11/12 Oct Jakirta/Patßinbßnf I NIAGA XXI Voy 22/91 14/15 Oct Jakarta/PatembMi NIAGA XXI Voy 24/91 16/17 Oct Jakarta/Piteinbanf l NIAGA 42 Voy
      126 words
    • 1608 42 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MALAGA S AGENTS: SINGAPORE'S GENERAL AGENTS NXMEWS AGENTS CHUNG CHIAO SHIPPING SON BHD COSTAR SHIPPING PTE LTD P-T. GLOBAL PUTRA RL TE *****)1/17 FAX: *****92. ***** TEL: *****00/*****33 INDONESIA MARITIME f. KLANG TEL MUIO6/I TU :MA ***** TELEX: IB *****/1 COSH* *T
      1,608 words

  • Page 43 Advertisements
    • 520 43 HONG KONG KEELUNG BUSAN EUROPE (ALL PORT fc DESTINATIONS) FAST DRECT REGULAR SERVICE TO INDONESIA PORTS PK. BALAM/PANJANG/PALEM6ANG/MUNTOK VSt ETA ETD LOADING FOR ■v DELI INDAH In Port 1010.91 PK BALAM LAMPUNG JAYA In Port 12.10 91 PANMNG/PALEMBANG "PINANGJAYA 13.10.91 14.1091 PANJANG PERITA JAYA 14 1091 20 10.91 PANiANG/PALEMBANG JAYA
      520 words
    • 482 43 |^S^!c«n«^sAßlsr7BE!!clE^S^T^Ußl gg| TEL: *****33 (12 Lln«a) BFAX: *****15/*****03 J TELEX: RS ***** RISHIP (3 Lln«a) Pt\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA ILOADING FOR SPORE ABYOT 26W8 11/10 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA NETSANET 25W8 23/11 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA 35
      482 words
    • 865 43 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD n» eta ETA SPORE KMT KELANG POUNC BLUE JAK 14/10 12/10 Loading for Malt RIAAI HUM) 15/10 Loading lor Calcutta DOt WW 25/10 Loading For Mate PIONEER SUTMME 11/10 Loading For Male DONAKULM 22/10 Loaded For Felmaru PROGRESS LKITY Sailed Loading lor
      865 words
    • 771 43 DASA BHJM 70S 9/10 12/10 I raNTA BHUM (IN Thur 10/1* Sun 11/10 EAGLE WIND J 136 13/10 17/10 L mmK DASA ENAM 71S 16/10 19 10 MAHA BHUM# 7SN Sun 13/10 W«d 10/11 SURABAYA KNJ BHUM OSN Tu 15/10 fn i» /n l€«& W »W iW 1 NANTA BHUM
      771 words

  • Page 44 Advertisements
    • 1031 44 S'PORE IMPORT^22I6OO2 j PENANG: (04) *****6 SIBU: (084) *****9 KK: (088 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 WAREHOUSE REMOVAL (SINGAPORE) Please be informed that our warehouse at F2 Keppel Terminal will be moving to:- PBI inside Pasir Panjang Terminal on
      1,031 words
    • 327 44 blue star line TO FROM NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SM NPI ML ITT SM MUIfiCM 23$ 11/10 23/10 VM NPI 24/10 11/11 MAKSIM OMC 20/10 0/11 VU NPI 0/11 25/11 PROSPECT ISS 7/11 19/11 VU NPI 21/U 0/12 FULLY CONTAINERISED SAILINGS DISCHARGING
      327 words
    • 1154 44 I THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER I cqmtaimfp aenyicM SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vessel VOY ETA DEST VESSEL WT SUM P.
      1,154 words


  • Page 46 Advertisements
    • 190 46 INVESTING SUPPLEMENT 1991 A special Business Times Survey October 29,1991 Bonus time Is Just around the corner. And many of you will be looking at the numerous options of parking your hard-earned bonus. To assist you In making that Important choice, Business Times has invited local and foreign experts to
      190 words
    • 138 46 u p LIVING IT *3. ffisC EACH WEEKEND, put up your executive feet, and lei us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive alter that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel,
      138 words

  • Page 47 Advertisements
  • Page 47 Miscellaneous
    • 309 47 TIPES ANP WEATHER TODAY'S TIDES (hejflt in metres) HOI* 0000 0100 0200 0300 0400 0500 0600 0700 OMO **********00 **********00 1500 1600 1700 ***************0 *****300 JR 29 U 19 13 08 06 05 08 13 2.1 27 29 29 2.5 19 1.2 07 04 03 04 08 16 24 28
      309 words

  • Page 48 Advertisements
    • 843 48 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARME CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST man wt w w lan lk hwh wiim ii w m mm. w mo toi/» m MM MU 200 MO3 07/10 M/ll 11/10 H. EXnOO 431 U/10 04/11 07/U OS/11 ItMBMKLO
      843 words
    • 181 48 |ra| PT. CELEBES LINES dedicated common feeder service to from INDONESIA Vmnl Voy tta «ta ata Sin Surabaya Jakarta Bontang Pacific 058 08/10 11/10 Nusantara Pacific 018 11/10 13/10 Tanto Utama 199 10/10 13/10 Nusantara Pacific 028 16/10 19/10 Bontang Pacific 068 14/10 17/10 Tanto Utama 201 18/10 21/10 r
      181 words
    • 666 48 CHARTPOINT Every Saturday in Business Times your BEST connector on NZ EXPORT or IMPORT AKL WEL CHR phono: *****20 *****7 *****9 tax: *****77 *****7 *****9 5! N j K 7_ mnl PKL PEN JOH BKK BSB Dhone- *****11 *****66 *****76 *****98 *****8 *****1 *****29 *****3 tax: *****59 *****14 *****79 *****88
      666 words
    • 6 48 E Europe takes centre-stage, Pg 2
      6 words