The Business Times, 19 September 1990

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 170/12/89 Wednesday September 19 1990 75*
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  • NEWS SUMMARY
    • 40 1 SOVIET Prime Minister Nikolai Ryzkov indicated that he would rather step down than implement a radical economic reform package now before parliament but said he would carry out a compromise plan if this was adopted.
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    • 31 1 THE GULF crisis will not lead to a significant increase in the price of oil, which ought to stabilise or even fall in the short term Page 2
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    • 35 1 AS PART of a larger plan to reduce Thailand's dependence on oil imports, the Thai government will focus on the development of the southern seaboard in the next few years. Page 2
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    • 24 1 HONGKONG is relying on a combination of high interest rates and a strong Hongkong dollar to fight soaring inflation Page 9
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    • 41 1 PRESIDENT Corazon Aquino has called for a phased withdrawal of American forces from the Philippines and the US has agnwd to negotiations but a deteriorating economy is likely to limit her ability to drive a tough bargain Page 9
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    • 27 1 BUSH administration officials and congressional leaders ended 11 intense days of budget talks deadlocked over taxes with an agreement nowhere in sight Page 10
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    • 27 1 ACTOR, extrovert, one-time hellraiser and hard drinker, poet and singer Richard Harris has lived each role to the full as the quintessential Irishman Page 17
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    • 30 1 THE Port of Singapore Authority plans to withdraw special rates for tugs and barges anchored off the congested western shores of Singapore. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 39 1 WALL STREET stocks slumped yesterday morning as the market reacted negatively to the latest US inflation and trade numbers. The Dow Jones average of 30 industrial stocks was off 10.89 at 2,556.44 after one hour of trading.
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    • 35 1 LONDON share prices were down at midday yesterday amid lack of investor interest. At about 1115 GMT, the Financial Times-Stock Exchange 100-share index was down 21 points, or one per cent, at 2,073.3.
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    • 34 1 SAN TEH Rubber Industry, which applied for a listing on the main board of the Stock Exchange of Singapore, has instead received in«principle approval for the second board Page 3
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    • 25 1 A TOP merchant banker has asked for a rethink on the ban on companies buying their own shares Page 3
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    • 26 1 SIMEX yesterday announced several incentives to encourage market participation in its Euromark interest rate futures contract which will be launched tomorrow. Page 6
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    • Article, Illustration
      29 1 Tuesday Change BT-MGA 603.84 -7.10 Kuala Lumpur ....528.43 -5.4S Hongkong 2,996.66 -23.21 Tokyo 23,884.82 -531.86 Sydney 1,473.2 -3.6 Monday Change New York 2,567.33 3.22 London 1,606.1 -3.5
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    • 22 1 Fnrh»nc« rates USS S$ 1.7640 Yen S$ 1.2797 MS SS0.6538 Money nurkct rates Overnight 5 1/2 1/4 3-month 6 11/16 +1/8
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    • 35 1 London Gold PM fix US$386.00 -US$3.40 RHMct S'porc Oct.... 156.25*/kg +1.00 M'sia Oct..... 235.00*/kg -5.00 KiTin Turnover 78 tonnes +1 Spot M$l5.37/kg +0.03 Crude pain oN Turnover 362 lots +40 Oct M$675 /tonne -3.00
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  • 610 1  -  Conference on Regulation of the Markets By Amy Balan SIGNIFICANT changes, ranging from the way in which companies may issue new shares to how shares are going to be traded, settled and paid for, will be introduced by the Stock Exchange of
    picture courtesy of CAD  -  610 words
  • 367 1 INTEGRITY is the key to real growth of any market. That was what Finance Minister Dr Richard Hu reminded an international gathering of bankers, stockbrokers and lawyers yesterday. Without integrity, markets and financial centres must suffer, the minister said when he opened the
    367 words
  • 106 1 WORLD oil prices edged towards nine-year highs yesterday as the stalemate in the Gulf remained uneasy. The benchmark North Sea Brent crude rose to U5533.90 per barrel for November loading on London's International Petroleum Exchange. Spot prices for "prompt" cargocs oil for use in the
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  • 263 1 THE US trade deficit soared by 75 per cent in July to U559.33 billion the biggest monthly gap between exports and imports since January from a revised U555.34 billion in June, the government said yesterday. The oil import bill rose 7.9 per cent to US$3.9B
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  • 255 1  -  Genevieve Cua FOR ONE MOMENT yesterday, it looked as If Provisions Suppliers Corporation's (PSC) aew share offer would be indefinitely postponed once more. But "technical hitches'* which lead manager United Merchant Bank (UMB) declined to specify were finally sorted out last evening, causing only
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  • 356 1  -  By Conrad Raj FORMER Ka Wah Bank director Low Chang Hian, who was convicted of criminal breach of trust last year, is likely to be extradited to Hongkong when he is released from prison on Friday. Hongkong's Independent Commission Against
    356 words
  • Page 1 Advertisements
    • 227 1 BRUNOMAGLI Centrepoint #01-30, 737 4509 > Forum Galleria #01-46, 732 8%1 THE WORST OFF ARE HARDEST HIT 12 MAKING A SPLASH IN THE OIL WORLD 13 US MAY RELEASE ITS OIL RESERVES 14 Arcraft Schedule 27 Money Market 25 Korid News 10 Commodities 26 Repmal Co New 4 World Stock
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    • 8 1 The Gulf crisis. Page 14 and Back Page
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    • 174 1 vanjaack l I Inlwnalionol BMq L ■Kl Tel 737 5342 "HIM Witmo Alrw T«l 235 5325 ft" Ptaxo Singopwra M r~* T«l .336 3429 ff X 1 V ,5V York Hotel >i x l il -zk Ta4:7334^> V y^mAN{ How to talk shop. i Talk to the JLW Retail Team.
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  • HOME NEWS
    • NEWS ROUNDUP
      • 99 2 A TRADE UNION delegation led by Ong Teng Cheong, secretary-general of the National Trades Union Congress, leaves today for China at the invitation of the AllChina Federation of Trade Unions. The team will hold talks with Chinese political and union leaders in Beijing and
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      • 132 2 THE REPUBLIC of Singapore Air Force (RSAF) and the Indonesian Air Force (TNI-AU) completed their seven-day combined air exercise known as Ex Elang Indopura VI yesterday. Ex Elang Indopura VI is part of the ongoing series of defence cooperation between Indonesia and Singapore. The aim of
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      • 75 2 THE NEW Ambassador of the Union of the Soviet Socialist Republics to Singapore, Mr Nikolai N Loginov, presented his credentials to President Wee Kim Wee at the Istana yesterday morning. Mr Loginov succeeds Mr A M Drioukov, who relinquished his post on June 29, 1990. The Ambassador
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      • 141 2 THE SINGAPORE Tourist Promotion Board is organising its first Travelmart in the Philippines this week to introduce new Singapore tours and attractions. A 21-member delegation from the STPB will meet their Filipino counterparts in Manila on Sep 18 and Cebu on Sep 20. The Singapore sales representatives from
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      • 36 2 IN YESTERDAY'S story "Wepco unit found guilty of insider trading", it was wrongly stated that United Insulation Services is a Wepco subsidiary. It is in fact a subsidiary of the Wah Chang group.
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    • 437 2  -  6th Asia-Pacific Petroleum Conference By Harish Mehta THE GULF crisis will not lead to a significant increase in the price of oil, which ought to stabilise or even fall in the short term. Nor will there be an oil shortage, according to
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    • 389 2  -  By Lilian Ang AS PART of a larger plan to reduce Thailand's dependence on oil imports, the Thai government will focus on the development of the southern seaboard in the next few years. A soon-to-be launched study will examine ways to transform the area
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    • 282 2  -  By Dexter Lee TRANS-ISLAND Bus Services (Tibs) has applied to the Public Transport Council (PTC) for a fare increase to defray the higher costs of operations. This is the first time Tibs is applying for a fare increase since it began operations in April 1983.
      ST chart by Jennifer Chua; Source: Trans-Island Bus Services Ltd ( Sep 14,1990)  -  282 words
    • 210 2 CONSUMER prices rose a comparatively low 0.4 per cent in August despite the largest jump in petrol and diesel prices in five years, as small rises or falls in all other areas of spending offset the higher costs of transport and communication. August figures released
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  • Page 2 Advertisements
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    • 28 2 Making a splash in the oil world, Pg 13 Volatility drying up liquidity in oil markets, Pg 26 HSHfeMm WHAT, WHERE IN THE MARKET Every Thursday... ADVERTISING MARKETING
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    • 309 2 Improve Your Communication Skills! Effective communication is the key to business success. ><//! Let our specialists in the Business Communication Unit Tjrtl give you that competitive edge! r-jr Confidence in Speaking 4) A course on correct pronunciation to help you speak with confidence and poise. Courses start: 11 Oct, 8
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 451 3  -  By Claire Leow SAN TEH Rubber Industry, which applied for a listing on the main board of the Stock Exchange of Singapore, has instead received in-principle approval for the second board. Managing director Kao Shin Ping, whose company makes rubber-based components,
      451 words
    • 515 3  -  By Amy Balan A TOP MERCHANT banker has asked for a rethink on the current ban on companies buying their own shares. Mr Hsieh Fu Hua, managing director of Morgan Grenfell (Asia), also questions the pre-emptive rights of shareholders. And, if
      515 words
    • 258 3 Bernama MALAYSIAN Airline System (MAS) could suffer losses of between Ms6o million and MsBo million a year on domestic flights if the Gulf crisis were to be prolonged, its managing director, Tan Sri Abdul Aziz Rahman, said yesterday. The airline was
      Bernama  -  258 words
    • 530 3 MARKET TALK Reuter FOREIGN SPECULATORS, particularly Taiwanese, are rushing into Malaysia's stock market, pushing lower-liners on to centre stage at the expense of blue-chips and worrying exchange officials. Analysts say Taiwanese investors are known for moving funds in and out of regional bourses in search of
      Reuter  -  530 words
    • 293 3  -  By Magdalene Ng MR LOH HOON SUN is leaving Overseas Union Bank to join Phillip Securities as its managing director in early December. Mr Loh, who is OUB's executive vice-president in charge of finance and administration, submitted his resignation letter last
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    • 271 3 Bernama ASIA UNIT Trusts Bhd will soon offer specialised funds tailored to suit investor preference as well as launch new funds to cater for an international clientele in Singapore, its director, Mr Mohd Ramzan Ibrahim, said yesterday. Investors who are conservative can opt
      Bernama  -  271 words
    • COMPANY BRIEFS
      • 56 3 PREMIER local watch retailer The Hour Glass is opening its second Australian boutique in the heart of Sydney's retail district. The new outlet, located at Skygarden, a new upmarket shopping complex, will cater mainly to tourists. The Sesdaq-listed company's first outlet Down Under opened
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      • 94 3 YTL CORP Bhd, Promet Bhd subsidiary Promet Langkawi Resort Sdn Bhd, Mr Adrian Zecha and Fresh Mind Investment Ltd will form a joint-venture company to take over the development of the troubled Tanjung Rhu Hotel and Resort complex project in Pulau Langkawi. Under the memorandum
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      • 74 3 OILTANKING Singapore, a wholly-owned subsidiary of Hamburg-based Oiltanking GmbH, has signed a $30 million financing arrangement with ABN Bank for the construction of the second phase of its land terminal on Pulau Seraya. Phase One, also financed by ABN Bank, became operational on July 31, and
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      • 57 3 INTER-PACIFIC Industrial Group Bhd received acceptances for its general offer for Taiping Consolidated Bhd shares amounting to 1,189,872 shares or 9.92 per cent of the total shares by the offer deadline on Monday. The acceptances increased Inter-Pacific's shareholding from 5.419 million shares, or 45.15 per cent,
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      • 35 3 MANDARIN (Singapore) International Hotels Pte Ltd, a wholly-owned subsidiary of Overseas Union Enterprise lid, has changed its name to Singapore Mandarin International Hotels Pte Ltd with effect from Sep 6.
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      • 64 3 CEREBOS PACIFIC Ltd said it has sub-divided its existing 50-cent ordinary shares into ordinary shares of 25 cents each. Accordingly, trading in the 206,196,530 ordinary shares of 25 cents each will resume with effect from 10am this Friday. An additional 103,098,265 25-cent shares arising from the
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      • 50 3 MALAYSIA DISCOUNTS Bhd's after-tax profit dropped by over two-thirds to M 52.33 million in 1989 from M 57.59 million in 1988 despite greatly increased turnover, it says in its latest annual report. Turnover for 1989 doubled to MS 10,313.98 million from M 55,150.93 million in 1988.
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  • Page 3 Advertisements
    • 361 3 DAEWOO From DAEWOO, one of Korea's top multiA New Wave in Computera national companies and leader in the field Communications r of computers and communications: A Super 386SX LapTop with desktop capabilities! If the DAEWOO DLT/386S didn't have a handle on it, you'd m. A gF almost swear it was
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 68 4 INDONESIAN authorities plan to reclaim 1,200 hectares (3,000 acres) of shore line to expand an existing recreational and tourism development, press reports said in Jakarta yesterday. PT Pembangunan Jaya, the developer, said the first phase of the project, a total of 200 hectares (500 acres)
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      • 79 4 A US COMPANY that lost the bid to build a people-mover system for a new Japanese airport charged anew on Monday that there were irregularities in the decision to give Japanese bidders the contract. The dispute involves the US$7 billion Kansai International Airport being built
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      • 93 4 MATSUSHITA Electric Industrial Co Ltd, the world's biggest consumer electronics firm, plans to introduce a video tape recorder (VTR) with audio quality comparable to that of compact discs (CD), a spokesman said. The new VTR will record audio digitally and be available from the second
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      • 31 4 TOURISTS staying at nine Hongkong hotels will see a special TV programme on major aspects of the British colony, including its scheduled takeover by China in 1997.
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    • 627 4 THAILAND'S National Energy Policy Committee is expected to allow Caltex to site its refinery at Mab Ta Phud instead of in the South as previously ordered by Korn Dabbaransi, PM's Office minister. According to a report in The Nation, it
      627 words
    • 315 4 AFP FORMER CHAIRMAN of the collapsed Australian Qintex group Christopher Skase tried to avoid AsBoo,ooo (U*****,200) in sales tax by classifying a luxury vessel as a passenger ferry, the District Court heard yesterday. The court was also told that Mr Skase never
      AFP  -  315 words
    • 199 4 Reuter THE Adelaide Steamship Co Ltd said it knows of no reason for the recent fall in its share price. Adsteam said in a statement to the Australian Stock Exchange (ASX) that it had announced a record annual profit last Wednesday of A
      Reuter  -  199 words
  • Page 4 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • 551 5 AFP INTERNATIONAL marketing, distribution and insurance company Inchcape pic turned in a 5.2 per cent prof- its improvement for first half 1990 in London on Monday. I Pre-tax profit for the period was £92.3 million (US$l75 million), against £g7.7 million (US$l67 million) in first half
      AFP  -  551 words
    • 520 5 AFP THE FRENCH partner in the European Airbus consortium has attacked a report by American consulting firm Gellman saying that Airbus Industrie is "economically unviable". Henri Mart re, president of f Aerospatiale, the French Airbus partner, said on Monday that the report offers "risky
      AFP  -  520 words
    • 264 5 Reuter WEST GERMANY'S Continental AG said its supervisory board had voted on Monday to reject a proposal from Pirelli SpA to meise the two groups' tyre operations under Pirelli's control. Continental would now draft its own counter-propos-al to present to Pirelli, Continental spokesman Dieter von Hcrz
      Reuter  -  264 words
    • COMPANY BRIEFS
      • 124 5 THE STATE-OWNED French steel group Usinor-Sacikx announced in Paris on Monday that it had taken over the American steel merchant Edgcomb in one of its most important forays into the North American market. Edgcomb had a turnover of US$6OO million last year. It employs 1,600
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      • 96 5 INTERNATIONAL Business Machines Corp and Microsoft Corp on Monday redefined the way they will work together in developing basic software for personal computers. Seeking to dispel reports that they were at odds, the two companies "reaffirmed" their partnership. However, under the new arrangement, rather than developing
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      • 82 5 BRITISH group Storehouse, owner of several chain stores including Habitat, announced on Monday it had sold two of its subsidiaries, the British furniture group Heal and Son and the French children's clothing chain Jacadi for £15.8 million (US$24 million). Jacadi was bought by an investment group
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      • 46 5 THE US SECURITIES and Exchange Commission hopes securities exchanges will perpetuate the one-share/one-vote rule intended to promote fair corporate shareholders voting rights, despite a recent court ruling that the SEC exceeded its authority in adopting the rule, the SECs general counsel said.
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      • 47 5 WEST GERMANY'S Steigenberger Hotels AG said the West German federal cartel office has approved its planned cooperation with East Germany's state-owned hotel chain Deutsche Interhotel AG. In a statement Steigenberger said the cartel office approved the deal without conditions. It did not elaborate.
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      • 63 5 SWISS holding company Huber Holding AG said it had bought a 23.7 per cent stake in Euroactividade AG, a Liech-tenstein-based developer of luxury tourist resorts, from its founder Klaus Moeller. Huber said it was still negotiating with Denmark's AP Moeller Group and Swissair-Schweizer-ische Luftverkehr AG, which
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  • Page 5 Advertisements
    • 138 5 J? L" r v if-t 't r Centrally located in the city is 5,000 square feet of a luxuriously furnished watch retail outlet Known to be the largest single watch boutique in Singapore, Thong hiap believes in the quality and consistency of high customer service. No one offers better service
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  • FINANCIAL NEWS
    • 297 6  -  By David Chew THE SINGAPORE International Monetary Exchange (Simex) yesterday announced several incentives to encourage market participation in its Euromark interest rate futures contract which will be launched tomorrow. The exchange said it will waive the clearing fee charged on market-making trades done by the designated
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    • 243 6 Reuter THE chairman of Lloyd's of London, the world-famous insurance marketplace, said on Monday that London underwriters need to work harder to get business from US corporations. "For years, we've depended on the public perception that we're only interested in insuring earthquakes, Betty Grable's
      Reuter  -  243 words
    • 186 6  -  By Quak Hiang Whai NIPPON Investment Finance Co (NIF), the venture capital arm of Japan's Daiwa Securities group, is teaming up with a Taiwanese partner to invest in high growth companies in Asean. Disclosing this at the official opening of its local subsidiary, NIF
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    • 301 6 Reuter THE New Zealand dollar could fall on the back of Monday's government-trade union deal, but the Reserve Bank will watch to ensure its low-inflation targets are not jeopardised, New Zealand Finance Minister David Caygill said. "One consequence of yesterday's commitment is
      Reuter  -  301 words
    • SMALL CHANGE
      • 103 6 THE National Bank of Kuwait, a privately-owned commercial bank, is trying to re-assign some of its trade credits to British banks but has run into administrative problems, a senior NBK official said. Britain's Export Credit Guarantee Department (ECGD) has asked for legal documents, including
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      • 99 6 THE state-controlled Philippine National Bank plans to list its shares on the New York Stock Exchange early next year to widen its ownership base and tap foreign funds, a company official said. PNB executive vice-president Federico Pascual said the listing is expected to boost the
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      • 78 6 THE US group Blackstone and the French company Financiers Indosuez, a subsidiary of the Banque Indosuez, have set up a joint venture for handling mergers. The new company will be known as Blackstone-Indosuez. It will specialise in mergers and acquisitions between France and the United
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      • 103 6 FEDERAL regulators have resolved a dispute over how much capital banks must hold to cushion against losses, avoiding a potentially chaotic standoff over the basic soundness standard for financial institutions. Comptroller of the Currency, Mr Robert L Clarke, said his ofFice would adopt rules favoured by
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      • 79 6 BRAZIL'S central bank has taken about 100 billion cruzeiros, equivalent to about US$l.3 billion, out of circulation on Monday as part of a harsh monetary policy to combat inflation, sources at the monetary authority said. The move comes a week after central bank president Ibrahim Ens
        79 words
      • 111 6 SPANISH bank profits rose 15.2 per cent in the first six months of 1990 to 198.72 billion pesetas, compared to 172.49 billion pesetas for the same period last year, the Spanish Banking Council (CSB) said. Financial costs rose 30.1 per cent to 925.89 billion
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  • Page 6 Miscellaneous

  • Page 7 Advertisements
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  • Page 8 Advertisements
    • 210 8 IE 31 QVT oavnootßalßeaf m m OOP fIODPPBn 880 g AlXaff mansion «7 Jl*£> opening, of ->$lbaff Wlansion gracious dining and entertainment that reservations, bindlg ca 278 6979 or I lias been successful. XjeS, our reServa- springs from a bygone era. IJou fax 273 7094. banquet reservations are up. ssnd
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  • THE REGION
    • 359 9 Reuter HONGKONG is relying on a combination of high interest rates and a strong Hongkong dollar to fight soaring inflation. "We will seek to maintain as high an interest rate as possible without destabilising the Hongkong dollar. Our aim is to help curb the inflationary pressures,"
      Reuter  -  359 words
    • 421 9 THAILAND expects pressure from the European Community to open up its banking market when the EC Single Market comes into effect in 1992, according to a report in the Bangkok Post. This was revealed in a study by the Thai Bankers'
      421 words
    • 537 9 PRESIDENT Corazon Aquino has called for a phased withdrawal of American forces from the Philippines and the US has agreed to negotiations but a deteriorating economy is likely to limit her ability to drive a tough bargain. Hard hit by a major earthquake
      537 words
    • NOTE BOOK
      • 97 9 INDONESIA will increase its oil exports to South Korea from the current 30,000 barrels to at least 50,000 barrels per day starting in November, Mines and Energy Minister Ginanjar Kartasasmita said on Monday. He said the two countries also agreed that Indonesia
        97 words
      • 87 9 PRESIDENT Suharto has reiterated Indonesia's commitment towards the achievement of a zone of peace, freedom and neutrality (Zopfan) in South-east Asia. He stressed that Indonesia and its Asean partners would continue efforts to ensure that Zopfan became a reality in the interest of stability in the
        87 words
      • 68 9 THE AUTHORITIES in Taiwan are to offer NTS 10.1 billion (US$37l million) in financing and technical assistance to help upgrade the technology of 29 conventional industries, an industrial official said yesterday. Some 2,000 factories of the selected industries, including the manufacture of footwear, bicycles, textiles,
        68 words
      • 100 9 HONGKONG AUTHORITIES will allow 14,700 skilled and unskilled mainland Chinese workers to fill jobs in the tiny British-ruled enclave, according to a report seen in Beijing on Monday. Shanghai's Liberation Daily newspaper reported in its Sunday edition that it would be the first time
        100 words
      • 71 9 RODNEY GALPIN, chairman of Standard Chartered Bank, arrived on Monday in Beijing to sound out the British bank's expansion prospects in China for the next decade, a spokesman for the bank said on Monday. Mr Galpin, on a five-day visit to China, is due to meet officials
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      • 42 9 A TRANSPORT STRIKE gripped Bangladesh yesterday, sending buses and trucks off roads and halting traffic nationwide, strikers and eyewitnesses said. The call for ad indefinite stoppage of public transport by owners and workers prompted fears of price hikes.
        42 words
    • 292 9 Reuter THREE senior Vietnamese leaders visited China secretly this month, the first high-lev-el visit since the two countries fought a border war in 1979, Foreign Ministry officials said on Monday. The trip coincided with unusual progress in Cambodian peace talks in Jakarta. China
      Reuter  -  292 words
  • Page 9 Advertisements
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      263 words
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  • THE WORLD
    • WORLD WATCH
      • 109 10 BANK OF JAPAN governor Yasushi Mieno will visit the US ftom September 20 to 28 to attend the annual meeting of the International Monetary Fund and the World Bank, the BOJ said yesterday. Mr Mieno and Finance Minister Ryutaro Hashimoto are due to
        109 words
      • 58 10 WASHINGTON has pledged an additional US$3 million to the UN Cambodian refugee programme, a statement issued by the US embassy in Bangkok said yesterday. The statement said the pledge was made during a meeting of donors, bringing the 1990 US contribution to US$l3 million US$lO.2
        58 words
      • 59 10 PERSONAL consumption in Japan, one of the reasons for the archipelago's current strong growth, will probably "remain buoyant" as income increases, the Bank of Japan said in a study published on Monday. "It is likely that personal consumption will remain buoyant for the time being," the study
        59 words
      • 61 10 JAPAN'S Economic Planning Agency (EPA) will discourage any attempt to take advantage of higher crude oil prices to raise the prices of other products, EPA Director General Hideyuki Aizawa told a news conference. The EPA will closely watch moves in retail oil product prices, such as
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    • 369 10 Reuter BUSH administration officials and congressional leaders ended 11 intense days of budget talks deadlocked over taxes with an agreement nowhere in sight. No full-blown session involving all negotiators was immediately set after negotiations ended on Monday night, although a restricted meeting was scheduled
      Reuter  -  369 words
    • 218 10 AFP BOTH President George Bush and US Agriculture Secretary Clayton Yeutter have come out in opposition to a House bill that would impose quotas on textiles and footwear. Government and industry experts have said the bill, which has already been passed by the
      AFP  -  218 words
    • 500 10 Reuter DAVID STONE, one of the architects of the post-war reconstruction programme for western Europe, believes another Marshall Plan should be started for eastern Europe. "Despite the radically different situations in eastern Europe, I believe some features of the Marshall Plan
      Reuter  -  500 words
    • 468 10 Reuter A PROMINENT Soviet economist warned the leadership on Monday that the country was sliding into economic disaster even as it debated a switch to a Western-style system. Providing a chilling summary of failure, economist Abel Aganbegyan told President Mikhail Gorbachev and
      Reuter  -  468 words
  • Page 10 Advertisements
    • 428 10 THE HIGHEST HONOURS ACCORDED TO BUSINESS ACHIEVERS \incjaporo wofftow/oe express Business Times I Pin 1985, Business Times, a business daily published by Singapore Press Holdings, and the leading air express company, DHL Worldwide Express, came together to organize an award scheme to honour Singapore's most successful businessman. In the years
      428 words

  • Page 11 Advertisements
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  • 467 12 EDITORIAL otwithstanding major economic and political problems at home, the Sovi--1 et Union cannot be faulted for not taking a bold international initiative or two, as befits a super power. In the latest of those initiatives, Moscow has suggested that Germany, once it reunites, become
    467 words
  • WHAT THE OTHERS SAY
    • 231 12 IT SEEMS rather strange that, while the Germans themselves profess no interest in the matter, the Soviet Union should suggest that a united Germany become the sixth permanent member of the UN Security Council. The reason given is that Germany, with its economic clout and consequent
      231 words
    • 130 12 WHETHER OR not war will break out in the Middle East, the Gulf crisis is already affecting the world economy, and Iraq has started to feel the pinch of trade sanctions imposed by the United Nations Security Council. The concentration within Saudi Arabia of military might
      130 words
    • 120 12 A RECENT crackdown on illegal parking at Housing Board estates saw nearly 3,000 summonses issued in one day. Too many motorists are parking indiscriminately on Sundays and public holidays, when the HDB allows free parking at 1,100 carparks. They even parte in lots meant for the handicapped.
      120 words
  • REGIONAL VIEWPOINTS
    • 191 12 THE BANK Duta affair is still the topic of the day. The case has now become more than a calamitous financial fiasco, caused by careless and inexperienced banking people who seemed to have known little about foreign exchange dealings in the first place. The Bank Duta
      191 words
    • 180 12 CHINA'S call to Britain and Hongkong to come to Beijing to negotiate the details of the airport and port project is the closest yet that the mainland has come to endorsing the scheme. The Director of the Hongkong and Macau Affairs Office, Mr Ji Pengfei, by extending the
      180 words
    • 131 12 CHIEF US negotiator Richard Armitage was due to arrive in Manila on Monday for five days of talks with his Philippine counterpart Foreign Secretary Raul Manglapus on the future of major American military bases in the country. According to news reports, the Bush administration is ready to
      131 words
  • 887 12  -  The world's poorest nations must surely be included in the count of victims of Saddam Hussein's invasion of Kuwait, says Rowena Whelan Rowena Whelan Reuter THE world's poorest nations, among the hardest hit by the Gulf crisis, could find themselves pushed to
    Reuter  -  887 words
  • Page 12 Advertisements
    • 56 12 -I^"■£' Z jf JEf v 'm MJr y?f SF'f Z HAIXIANG Soya Bean Crumbs is such /Ji f a sh de,jcatel y P re P ared you'R be amazed by enioy this master piece in culinary delight. New I\wc Hotel A member of the UOL Gruup 181 Kitchener Road Singapore
      56 words
  • Page 12 Miscellaneous
    • 39 12 DOONESBURY BY GARRY TRUDEAU SIX GALLONS ThISISTHB JgVSSSatSfSSfSt'i OF COURSE OF HUATER A PEAPMEAT pQU YOU toC! IT, rzyrrr— DAMN CORPCRAL' PGHYPRAWINAHJNK!WATER V COLONEL* I J 6f7 r ueex&iD fLrT rSEV&YTWHG ITS \I6eTU. J™* MAROORS... MGHT Vwi OffBRBNCBBeiUmtUFB fWRJST
      39 words

  • ANALYSIS
    • 774 13  -  Keith Bradsher examines what it would take and how lone it would be before foreign workers are lured back and the oil industry is put back on course Keith Bradsher NYT. WITH Iraqi soldiers crushing roads under the weight of their tanks and
      NYT.  -  774 words
    • 1405 13  -  Singapore is playing host to the 6th Asia-Pacific Petroleum Conference, the first major international meeting of oil executives since Iraq's invasion of Kuwait. Although the developments in the oil trading market here are in no way as dramatic as events in the Gulf,
      1,405 words
    • 855 13  -  The Warsaw Pact has been demoralised by walkouts. This month it faces a meeting which could determine its veiy existence. Colin Mclntyre reports Colin McIntyre Reuter THE Warsaw Pact, battered by plunging morale and mass defections, could face a crucial do-or-die test this month, say
      Reuter  -  855 words
  • Page 13 Advertisements
    • 66 13 mnjiil|3 3|3B| p 3 An Australian Sports Marketing Event *w SjA/ HIEDKRC VS CHANG rl^s PLUS SUPPORT MATCH FEATURING TWO INTERNATIONALS SINGAPORE INDOOR STADIUM 7PM SATURDAY 29TH SEPTEMBER 1990 TICKETS ON SALE AT CENTRE POINT ,MP OPM AT ON COUNTER. LEVEL 1 AISMA ATRIA INFORMATION CENTRE LEVEL 1 WINSTONS THE
      66 words

  • FOCUS
    • 606 14 The Gulf Crisis NYT AFTER WEEKS of resisting calls to use the nation's Strategic Petroleum Reserve (SPR) to soften the impact of soaring oil prices, the Bush administration is feeling growing pressure from both Congress and its own ranks to change its strategy. And
      NYT; Reuter photo  -  606 words
    • 466 14 AP PRESIDENT George Bush's urgent request for US$l.9 billion to help pay for the US military deployment in the Middle East is running into trouble on Capitol Hill among lawmakers of both parties. The biggest obstacle is a White House plan to forgive US$6.7
      AP  -  466 words
    • 249 14 Reuter THE Security Council's sanctions committee on Monday recommended that aid be given to Jordan, which is flooded with refugees from occupied Kuwait and remains economically dependent on Iraq. But diplomats said the United States was hesitating in approving the draft because it could
      Reuter  -  249 words
  • Page 14 Advertisements
    • 163 14 YOU ARRIVE IN NEW YORK. YOUR DOCUMENTS FOR THE PRESENTATION DON'T. T M hey're in your hotel room in Tokyo. And it's forty-eight hours before the presentation. Relax. Visa Gold's Document Delivery service will get them for you on time. More than documents, it delivers assurance. And from assurance comes
      163 words

  • SPORTS
    • 491 15 The man who is used to eagles now contends with an albatross AP A SEASON of spiralling frustration continues for Curtis Strange. "Everybody goes through these things sometime or other," said Strange, now mired in the worst slump of his career. He has won only
      AP  -  491 words
    • 280 15 Reuter THE BOSTON CELTICS announced on Monday that guard Brian Shaw had decided to play for the National Basketball Association team in the coming season and drop his attempts to stay with II Messaggero of Rome. Shaw, ending a holdout that
      Reuter  -  280 words
    • SIDE LINES
      • 81 15 JOSE RIJO pitched a two-hitter and Paul O'Neill hit a tworun homer on Monday night to move Cincinnati a step closer to the National League West title with a 4-0 victory over San Francisco. The victory in Cincinnati reduced to 11 the
        81 words
      • 42 15 FOURTH-SEEDED Julie Halard of France won her firstround match on Monday at the US$l5O,OOO Paris Women's Tennis Tournament, defeating Laura Lapi of Italy, 6-4, 6-2. It was the only match played that day as injuries took their toll.
        42 words
      • 50 15 THE DANISH Cycling Federation has sacked Sweden's Sven-Aake Nilsson as trainer of the Danish national team because of the team's lack of success. Nilsson had been trainer of the Danish team for five years and his contract was not due to expire until 1992.
        50 words
      • 44 15 BRIAN CLOUGH on Monday night pledged himself to English first division club Nottingham Forest for another three years by signing a new contract. Clough, currently the Football League's longest-serving manager at one club, has been at Forest since 1975.
        44 words
      • 40 15 SPAIN'S out-of-form Conchita Martinez has slumped out of the Top 10 Wita computer rankings to 14th place. Her place at No 10 is taken by Czechoslovakia's Jana Novotna with Jennifer Capriati of the US at No 11.
        40 words
    • 111 15 Reuter A SOVIET yachting syndicate has been accepted as a late entry to challenge for the 1992 America's Cap off San Diego. The Red Star Syndicate of the Leningrad Yacht Clab was added to the final list of 12 challengers after a meeting of challengers
      Reuter  -  111 words
    • 246 15 Reuter WALLY LEWIS, captain on Australia's unbeaten rugby league tour of Britain in 1986, was ruled out of the 1990 tour yesterday because of injury. Lewis has been struggling with a series of injuries all season. After a series of tests on an arm
      Reuter  -  246 words
  • Page 15 Advertisements
    • 174 15 JSC. -A c* ns in ■ft m i* <tr The best place for your company logo isn't always at the top of your stationery. Only the UOB VISA Business Card lets you put your company logo on the card. That's just one of the reasons why more and more of
      174 words

  • Page 16 Advertisements
    • 1135 16 WHERE TO WINE, PINE AND ENTERTAIN WHERE WHERE TO WINE. PINE .11 Some like it hot I ftl pg Spicy Szechuan dishes served at lunch and dinner dailv in (he cool, inviting atmosphere of Szechuan Court. Reservation, .130 8310 or 338 8585 ext *****/6. *£££*> Thc Wis tin plaza coon
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  • Page 16 Miscellaneous
    • 704 16 TELEVISION AND RADIO A J J CRPIO WW 45 ■"W latarfada. Excerpts 7JO Tha Baal Ohaatbaatars. m iQINPfcS ON RADIO I Down hut not out gas""* TT AX A*J I*4. iJL v«. 7J5 PM Tha Plglat FHm Now OJS MM Faith. As more evidence |J| Malay Thutn Kaaftara.... ®®f*» You
      704 words

  • LIFESTYLE
    • 757 17  -  Paul Majendie recounts the exploits of the quintessential Irishman Paul Majendie Reuter ACTOR, extrovert, one-time hellraiser and hard drinker, poet and pop singer Richard Harris has lived each role to the full as the quintessential Irishman. His career on screen and stage has touched the heights
      Reuter  -  757 words
    • 488 17 AP A HUMAN SHIELD? Take my mullah-in-law... please." Bar-rump-bump! From the Top 10 lists of Late Night to the political humour of Will Durst and Harry Shearer, humourists are finding comedy in the Gulf crisis. On Aug 2, Iraq invaded Kuwait and erased its Kuwaitibank Visa
      AP  -  488 words
    • 599 17 ENTERTAINER Frank Sinatra couldn't resist reacting to what he read: the "reluctant pop star" George Michael was withdrawing from public view to reduce the strain of his celebrity status. "Come on, George. Loosen up. Swing, man," Sinatra wrote in a letter to the Los
      599 words
  • Page 17 Advertisements
    • 313 17 AND ENTERTAIN ■■■mmmrn Yamagata Beef. The Exquisite Taste Of Japan. LUNCH 12 NOON *****PM. DWN&. uopm to aim vbcial tet?*nyakj set lunch mood HMHHBMHK rxkison Now you can enjoy one of the world's finest beef at the Yamagata Beef Promotion in Unkai Japanese Restaurant. Only from September 11 to 28.
      313 words
    • 43 17 The Cluis Chinese cuisine, best of Thai. Over 120 mouthwatering specialities and an array of irresistible Thai desserts. Sm Unnni RESTAURANT 583 Orchard Road 101 Thomaon Road #01-16 Forum GaMarta #61-56 Unilad Squwa Singapore 0023 Singapore 1130 Ta»: 732 5686 Tal: 252 5830
      43 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4466 18  -  By Quak Hiang Whai THE Singapore stock market yesterday continued its slide amid worries over the Middle-East crisis, rising oil prices and an impending global recession. Mirroring weaker stock performances in the regional bourses, which saw Tokyo taking heavy losses earlier, the widely-followed
      4,466 words

  • 4282 19 Main Board C Properties 580 +30 +5.5% GE Life 1250 +10 0.8% Ssangyong 50« 194 +6 +3.2% UIC Rts I7Vi +5% +45.8% DBS Foreign 995 5 +0.5% City Dev 50* 282 +4 +1.4% LAM Wt 71 +4 +6.0% Van der Horst 113 +3 +2.7% Metro
    4,282 words

  • BT SHARE INFORMATION SERVICE
    • 114 20 Cwpwy Data Yaar Group Nat Nat earnings Grass aan ta profit/loss (L) par share dividend ('000) (cants) Cement Sep 10 Mar 90 $1,771(11.0191) 5 0(—) 2.5(0 5) fa Mm Sep 8 Mar 90 M$4.l26l($2,564l) Set Dredg Sep 8 Mar 90 M$7?5($3,907L) 04(-) 2(1) MCB HWgs Sep 5 Mar
      114 words
    • 175 20 Company Data Yaar Group pre-tax N«t earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) First Capital Sep 14 Jun 90 $19.147($12.618|) 7.2(5.4) 1(1) FAI Ins Sep 12 Jun 90 A$31,642($95,950) 8 0(27 1) 90(90) Kefflayan Sep 5 May 90 M$ 1.505 ($5,224) 0.7(2.2) 1.5(1.5) Storage
      175 words
    • 465 20 Cowpany Data Half-year Group pre-tax Interim ann to profit/loss (L) dividend ('000) Ca hotels Sep 15 Jun 90 HK$8.060L(—) City Dev Sep 15 Jun 90 $28,955(522.197) Inchcape Sep 15 Jun 90 $56,938($57,742) 10(25) Kings Sep 15 Jun 90 $4.292($4,832) Harimau Sep 14 Jun 90 $684 ($1,798) Hind Hotels
      465 words
    • 281 20 Sep 17 065 Bank will make $31m through the sale of its entire block ol 90.89 m Singapore Petroleum Company (SPC) shares 40 89m to Nat Steel for $51.08 m, making an extraordinary gain of $14m, and 50m vendor shares to the public through SPC's flotation exercise. DBS
      281 words
    • 960 20 Current Ex Books Date Total for Total for payment date dose payable the year last year Mei Hdgs 61 Aug 28 Sep 7 Sep 26 6% 6% AMD6 25% Sep 14 Sep 28 Oct 27 25% 2% we 10% Sep 21 Oct 5 Nov 1 10% 75%(a) Anno
      960 words
    • 478 20 Singapore Stocks Last FmN Year Company Period Oat* Tear Ret EPS Gran IM srancad endnj (cmtx) *i profit M year (TWO) '.oong feat Interim Mar 30 Dec 89 5351(h) kneel Interim Aug 11 Dec 90 46 100 9.180 Uvea Poto Intern Aug 11 Dec 90 4 0 2.1
      478 words
    • 415 20 Company Rights Issue MbM Oiyjen One-tor one fe MSO 80 per share Rights ssue of $1.00 nommal amount ot 5% Redeemable Unsecured Loan Stock 1990/1995 with one Transferable Subscnpton nghts tor every tw eiistmg shares held Ei-date Aug 23 Books dose Sep 6 Acceptance 4 Payment: Oct 19
      415 words
    • 517 20 Company Rights Issue Mean Or* tor two MSI 00 per share Issue of 40m Cumutotne Redwmatte Preference Shares MSO10 each at MSI per share with 10m detachable TSfi Bdton One-tortour ft MS200 per stare. CauMway kw Capita reduction scheme to rariMCC par value of stares from $100 to
      517 words
    • 677 20 BONDS, LOANS WARRANTS Ccapaqr Cwwnln parted Caavantoa tana far «m arflaanr share CiC Wt Betort 26/1/93 1 warrant plus $309 cash Cauwway Lost C—>y Wt 2/10/89 to 20/10/9* 1 warrant plus SI cash or 1 warrant phis SI nommal amount of loan stod dun Mq> Mat Dm ft* Wt torch
      677 words
    • 87 20 Rofanson 1 Co Ltd: EGM at Hotel Phoeno, Somerset Room No. 2016, 277 Orchard Road, Singapore 0923 on Friday, Sep 21, at 12.30pm. Martin Corpn Bhd: EGM at Auditonum RHB 1, 424 Jaian Tun Razak, ***** Kuala Lumpur on Wednesday, Sep 26, at 3pm. tang Cement Ltd: 17th
      87 words
  • Page 20 Advertisements
    • 45 20 mmasm fit 9^ |gHHpppHo| mg 'jF<"?>*, f s?Ai#&' -j'- w? a ISs -sS w M WN, mmmiß Western hostages terrified in five-star hotels Asian refugees trapped terribly in tents The difference is almost frightening The latest news and much more. From lunch-time. Monday to Saturday
      45 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3725 21 Bernama SHARE PRICES on the Kuala Lumpur stock market recovered slightly yesterday afternoon to finish mixed to easier amid light bargainhunting. The KLSE Composite Index, which fell 9.74 points to 533.88 on Monday, lost another 5.45 points to 528.43 while the Industrial Index shed
      Bernama  -  3,725 words
  • Page 21 Advertisements
    • 91 21 FOR SUCCESSFUL MANAGEMENT OF YOUR ,us, iss Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look
      91 words

  • TOKYO STOCK EXCHANGE
    • 2273 22 Reuter TOKYO STOCKS closed sharply lower, but above the day's lowest levels, depressed by higher oil prices and concerns over climbing interest rates. The benchmark Nikkei average charted a new 1990 traded low of 23,308.31 before regaining some lost ground to its closing
      Reuter  -  2,273 words
  • STOCK EXCHANGE OF HONGKONG
    • 2280 22 AP, AFP SHARE PRICES fell on the Hongkong stock market yesterday with the key market indicator failing to keep above the psychological 3,000 point mark. The Hang Seng Index shed 23.21 points, or 0.8 per cent to close trading at 2,996.66. Turnover rose sharply
      AP,; AFP  -  2,280 words

  • REGIONAL STOCK MARKETS
    • Philippine shares sink to 40-month low
      • 320 23 la load cueiy Is SI la USt day year day year day year Say 17 lain dmagt r*-irgi cfaa a§t ctom§e d—y World 362.6 -0.7 -22.0 -1.3 -24.3 -0.9 -18.4 *EAFE 491.1 -1.4 -27.9 -1.7 -27.9 -1.3 -22.3 Europe 380.5 -1.0 -15.6 -0.7 -11.3 -0.3 -4.4 Pacific 119.0 -1.7 -35.3
        320 words
      • 851 23 A SHARP DIVE on the Tokyo sharemarket dragged the already vulnerable Australian sharemarket to a weaker close yesterday, highlighted by a slump in the share prices of the Adsteam group of companies. The 900-point fall in the Nikkei ahead of the Japanese midsession break "was icing on the cake
        851 words
      • 87 23 (lose Hreviow Sep 18 SYDNEY All Ordinaries Index 1473.2 1476.8 -3.6 All Industrials Index 2180.3 2197.8 -17.5 All Resources Index 920.5 914.8 +5.7 Turnover (million) 76.82 45.70 31.12 BANGKOK SET Index 687.93 702.48 -14.55 Turnover (nearest '000) NA 7,875 JAKARTA Composite Index 515.14 523.11 -7.97 Turnover (nearest *000) 2.24 4.49
        87 words
      • 354 23 NEW ZEALAND shares wiped out Monday's gains to end lower yesterday on small turnover as the decline in interest rates lost momentum. Doubt was cast on Monday's wage agreement between the Council of Trade Unions and the government when CTU President Ken Douglas said he wanted a two per
        354 words
      • 400 23 TAIWAN stocks opened lower yesterday, then dropped sharply on losses on the Tokyo market and on unsubstantiated rumours that fighting had broken out in the Gulf, dealers said. The Weighted Index lost 104.86 points, or 3.09 per cent, to close at 3,291.65 compared with Monday's I I 3,396.51 finish.
        400 words
      • 530 23 SHARE PRICES sank to a 40-month low after a bomb exploded on the first day of talks on the future of US military bases in the Philippines, brokers said. Manila's Composite Index slid 10.18 points to close at 615.39, the lowest since it hit 610.59 on May 29, 1987.
        530 words
      • 831 23 SEOUL STOCKS rebounded towards 600 yesterday as the government announced more money would flow into the market from additional domestic unit trusts, brokers said. The Composite Stock Index rose 23.15 points to 589.42, with volume active at 132.7 billion won against 79.3 billion on Monday, when the index dropped
        831 words
      • 542 23 PRICES on the Jakarta stock exchange closed mixed yesterday, with the Com- posite Index falling 7.97 points to 515.14. Turnover slumped to 2.24 million shares from Monday's 4.49 million. Holding company Astra International was heaviest traded on the regular mar- s ket at 336,000 shares, closing 200 ru- piah
        542 words
      • 673 23 THE Gulf crisis, rising local interest n rates and bearish sentiment among for- eign investors sent Thai stocks sliding sharply for the sixth straight session, brokers said. The SET Index closed 14.SS points down at an 11-month low of 687.93 in thin trade. Declines led -i advances by 117
        673 words
      • 31 23 THE Bombay Stock Exchange was u closed for trading on Monday to enable brokers to settle transactions done in the 1 two weeks ended Sept 14. Trading re- sumed yesterday.
        31 words

  • WORLD STOCK MARKETS
    • Dow drifts to a narrowly mixed close
      • Article, Illustration
        927 24 WALL STREET stocks, enveloped in a cloud of investor indecision, drifted to a narrowly mixed close on Monday in the slowest trading in two weeks. The Middle East crisis, now entering its seventh week, continued its stranglehold on trading. A lack of progress in the US Budget talks
        927 words
      • 346 24 DUTCH shares opened lower yesterday as in recent sessions, with retail trade almost totally absent as investors remain on the sidelines awaiting new developments in the Gulf, dealers said. "Nobody wants to do anything until the Gulf situation goes one way or the other," one dealer said, referring to
        346 words
      • Article, Illustration
        961 24 LONDON shares were narrowly mixed in thin early trading yesterday as indecision continued to grip the market. Dealers said some bargain hunting pushed stocks up early on but this was tempered by renewed worries over inflation as oil prices continued to soar. "Shares are being tugged every which way
        961 words
      • 181 24 FRANKFURTs 30-share DAX index fell 24.41 points or 1.6 per cent to a new 1990 low of 1,516.74 points by 0917 GMT as Gulf worries and concerns about the costs of German unification kept many investors sidelined. Dealers said there was no real selling pressure in the market, but
        181 words
      • 351 24 JOHANNESBURG'S stock market started very quiet yesterday, with dealers forecasting another week in the doldrums in the absence of any inspirational news to lift investors out of their recent lethargy. Gold shares attracted hardly any interest despite a rise in world bullion price to above US$39O an ounce on
        351 words
      • 169 24 ITALIAN share prices held steady in thin early trade with no fresh news to stimulate business. 'There is nothing going on. Today we are doing even less than yesterday," said one broker. Monday's turnover was a meagre IOS billion lire. The MIB index stood unchanged at 0900 GMT with
        169 words
      • 367 24 FRENCH share prices continued to drift lower to trade near their morning's low in a quiet market, as worries over higher oil prices and falling bond and financial futures prices weighed on sentiment, dealers said. The CAC-40 index lost 21.90 points or 1.37 per cent at 1,582.12 by 1053
        367 words
      • 97 24 STOCKHOLM share prices fell broadly in thin early trade as gains on other European markets failed to inspire investors who remain unnerved by the Gulf crisis and the state of the Swedish economy, dealers said. Swedish August trade balance data released after Monday's close showed a 1.6 billion crown
        97 words
      • 275 24 SWISS shares opened steady to slightly lower as Wall Street's firmer dose on Monday supported sentiment, dealers said. The SMI index of leading shares fell 2.6 points to 1,484.8 after about 20 minutes of trading. Interest rates were easier and the Swiss National Bank set its Lombard rate 0.375
        275 words
      • 250 24 Brussels Sep 17 Francs FORWARD MARKET Acec 3250 -170 Arbed 3700 -110 Astur 1202 -8 Brascan 490 -10 Canpac 508 +4 Cock 158 unch De Beers 610 -12 Ebcs 3960 -20 Gb-Inno-Bm 1264 -8 Gevaeit 7540 -210 Gr Bru Lamb 3425 +25 Hobok Petro ***** -150 Ryl Dutch 2660 +10
        250 words
      • 84 24 Sep 17 Cloae Prertow NEW YORK Dow Jones 2567.33 2,564.11 +3.22 NYSE Financial 120.33 120.65 -0.32 SAP 500 317.77 316.83 +0.94 Turnover (million) 110.6 133.4 -22.8 LONDON Financial Times 30 1606.10 1,609.6 -3.50 FTSE 100 2094.30 2,093.8 +0.50 Turnover (million) 286.6 418 -131.4 AMSTERDAM CBS General 179.40 181.30 -1.90 —mm
        84 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1202 25 I FOREX MARKET REPORTS THE US dollar yesterday ended in Tokyo one yen higher than its New York closing due to corrective buying as well as yesterday's plunge in Tokyo share and bond prices. "It's mostly a technical rally," said Hiroaki
      1,202 words
    • 385 25 Cross rates Sep 18 uss SS MS Dm Yen n SFr AS NZS 1.7650 2.6965 1.5500 137.10 0.5227 1.2805 1.1998 1.5949 ss 0.5666 1.5278 0.8782 0.7768 0.2962 0.7255 0.6798 0.9036 MS 0.3709 65.46 0.5748 0.5084 0.1939 0.4749 0.4449 0.5915 Dm 0.6432 1.1387 1.7397 88.45 0.3373 0.8261 0.7740
      385 words
    • 1436 25 SIMtt bmmuh Opcii iTigh Lw Sett Eat Vol Op/lnt Vol Dec 90 92.05 9107 9102 9103 9170 ***** 5828 Mar 91 92.08 92.08 9104 92.04 2900 8113 1062 Jun 91 91.88 91.89 91.83 91.85 600 1957 267 Sep 91 91.66 91.66 91.62 91.63 150 349 10 Dec 91
      1,436 words
    • 557 25 Interbank rates SS Btd Offer Overnight 5 1/2 5 3/4 1-month 6 9/16 6 11/16 2-month 6 9/16 6 11/16 3-month 6 11/16 6 11/16 Ow—i|>H mode: 6 1/2 1JSS m Offer 7 days 8 1/16 8 3/16 1 month 8 1/8 8 1/4 2 months 8 1/16
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  • Page 25 Advertisements
    • 65 25 The BEST SELLING charting ill TheTechnica nayss o ware software rich with features: Compre111 jr a rj f a t hensive Indicators, Powerful Custom I II IVI Formula, Profit Tester, Binary Wave Ml and More de Data available 24 hours at your Contact fingertips via modem: 0 V IJ 3.
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  • COMMODITIES
    • 406 26 Reuter VOLATILITY in oil prices since the outbreak of the Gulf crisis has pushed many players to the sidelines, sapping liquidity from the oil markets, industry sources said in New York. Refined products cash trading volume has shrunk by 25 per cent since
      Reuter  -  406 words
    • 316 26 Reuter US IMPORTS of refined palm oil, mainly from Malaysia, have risen sharply this year as compared to last year and are set to grow further despite negative health claims that recently cut its use, US trade sources said. American food industry
      Reuter  -  316 words
    • 828 26 REPORTS THE price of tin rose another three sen to close at MS 15.37 per kg on the Kuala Lumpur Tin Market (KLTM) on further demand and improved performance on the London Metal Exchange overnight, dealers said. At the opening level of M
      828 words
    • 1328 26 Rubber Sep is ■OS (h> h >■>■») S centi/kt Noon Cloac Int I RSS Prompt 155.2VI56.25N I55.7V1S6.75N Int 1 RSS Oct 90 155.7V156.25IM.2VIM.75N Int 1 RSS Nov 156.50/137.00 157 00/157 50N lot 2 RSS OP 150.7VI50.75N 1SI.OO/1S3.00N lot 3 RSS OP 146.2V148.25N 146.00/148 SON Int 4 RSS OP I42.2V144.25N
      1,328 words
  • Page 26 Advertisements
    • 942 26 NOTICES IN THE MATTER OF THE COMPANIES ACT, CAP. N AND SAM LEONG A CO PTE LTD (IN VOLUNTARY LIQUIDATION) NOTICE OP PINAL MEETING NOTICE Is hereby given pursuant to SecUon 306 of the Companies Act, Cap. 50 that a Pinal Meeting of the Members of the abovenamed Company will
      942 words
    • 15 26 Read Chartpoint, a guide (o investing in the stoek market. Every Saturday in Business Times
      15 words

  • 967 27 aty Fight ETA FlgM rro City FlgM ETA Fight ETD ttmWtmM GA895 1235 SQ111 1705 MH643 1730 IM* QF7 2035 SQ227 2250 MH/SQ671 1800 SQ114 1745 SQ113 1805 MH614 1850 I MH644 1900 SQ118 1945 n M ||llillli GA895 1235 KL814 1720 SQ113 1950 SQ120 2100
    967 words
  • THE TRAVEL PAGE
    • 700 27  -  POSTCARD FROM CHIANG KHAN By Jack Barker Massages in small towns in north-east Thailand are not always just sex. Sometimes they are not anything at all. I booked myself a massage at Chiang Khan, a small town on the banks of the Mekong river. Having
      700 words
    • 153 27 As at 3 Dm vMtMtUv: Local dollars to oae rait of fordga currency Currencies Bid Offer Australian dollar 1.459 1.479 Canadian dollar 1.510 1.330 NZ dollar 1.093 1.123 Sterling pound 3.360 3.390 US dollar 1.7630 1.7730 Local dollars to 100 units of foreign currency Austrian schilling 15.90
      153 words
    • 34 27 Duration Title Venue Organiser Td Sep 19-24 international luhtlM Italy COSMTT 2/*****61 uignung Duration Title Venue Organiser Tel i.: Sep 24-30 International Bulgaria Fotre 1/*****14* Technical Fair 'Tiatinnair -"•> De Ptovdiv I
      34 words
  • Page 27 Advertisements
    • 53 27 ijMnc" pir-nn ihoin' <\cr\ lucmLiv I g I I f IhtirMl.n.s.itur.ij; anilSundj\. I h in>;i 1 W 1 I M W \irpurt J! 11.'. i hi>urs .in«l .lrriwnj; Jl I olir IV -JL. JL. JL JL. I'i irMin Iniirnjiioiijl \irpori thv. (H) r. i: M! <> I VI: sII A
      53 words
    • 331 27 A \|M-Di;v I planning iJ Mn L COMMUNICATIONS L *r) I J SECURITY V^V i 1? rr kts graph planning TCard planning flip charts j Floor flip charts PLANNING personnel locatiori Key cabinets slock control p- —«•<»—«»• satesaiSal^s 55 COMMUNICATIONS Please send catalogue to: machine loading ft, P charts I
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  • Page 27 Miscellaneous
    • 202 27 9 Making known views ~~~*LflT~ BB"~BB 88~~ which contain a proviso 12 Some mundane chores are 22 Shimmering silver in short 23 Bring* back the strap and t k > Mr Rea B» n to ,he 8 Ven 4) F club (4) in exchange (4) 26 At a fair price,
      202 words
    • 212 27 Singapore Outlook: Showers over several areas in the predawn and early morning hours Report Max temp. 31.1 Assoc humidity 74% Min temp 24.0"C Assoc humidity 97% Hrs of sunshine 3.80 Rainfall in nun. 19.7 Rainfall this mth 105.6 Rainy days this mth 9 World forecast Asia-Pacific Hi/Lo* Coed. Auckland 14/09
      212 words
    • 32 27 KiI^E^gKWgBWJISHCS conoNEP on iogou> WOTM'NG BUT;J I TvAAT NEU> TfemP IS A"n*€/\SURC SMG'S LeT JVJC WE£P pry illusions i jj c gygggQ a TAW DAW) CO. LTO, I*3-1 m wk. 8264 j
      32 words

  • 444 28 The Gulf crisis Agencies EUROPEAN NATIONS have joined the US in backing the expansion to air corridors of a UN embargo on trade with Iraq. President George Bush on Monday endorsed expanding the UN-ordered embargo on trade with Iraq to include air traffic.
    Agencies  -  444 words
  • 327 28 NYT THE AMERICAN Stock Exchange announced on Monday that it had reached an agreement with an outside group to plan the development of a securities trading operation in Hawaii. The move is intended to give the American exchange extended hours of trading, as
    NYT  -  327 words
  • 212 28 Reuter THE president of the Hongkong American Chamber of Commerce said yesterday that "outrageous" new US restrictions on travel to Vietnam had forced postponement of a fact-finding mission by US businessmen. John Kamm said a visit by 25 Hongkong-based US businessmen planned for
    Reuter  -  212 words
  • 407 28  -  By William Chia DBS LAND Ltd is teaming up with Jurong Town Corporation to develop a hi-tech industrial park on a 30,667 sq metre site in Jurong. DBS Land said yesterday that its wholly-owned subsidiary, National Engineering Services (NES),
    407 words
  • 444 28 Bank Duta scandal FOUR other directors of scandal-ridden Bank Duta in Indonesia have been called up for questioning, the Jakarta Past reported yesterday. The paper quoted informed sources at the Attorney General's office as confirming the questioning of Abdulgani, the former president director, and
    444 words
  • 301 28 AFP CAMBODIA'S warring factions are likely to announce an agreement soon asking guerilla leader Prince Norodom Sihanouk to temporarily head their new interim authority, according to Cambodian and Thai sources. But theft were still problems to be settled and talks might have
    AFP  -  301 words
  • Page 28 Advertisements
    • 31 28 Baume Mercier GENEVE 1830 AND GET FAST EFFECTIVE RELIEF! Sole Distributor Summit Co (S) PtC Ltd Available at all leading pharmacies. J LW Investments 1 Jones Lang Wootton can 220 3888
      31 words
    • 145 28 Baume Mercier GENEVE 1830 «fIW -^WR 3^ jflEnk^^^EnwtHßoa x. 6BW 'm4 a PyV SH^IW^KWIb PRIME SELECTIONS IN AN EXOTIC SETTING... TRACER VK This September, dinner at Of SAN FRANCISCO (Level 5) the Trade Vic's will be particularly memorable with world-renowned U.S. Angus Beef as prime attraction. A succulent selection including
      145 words

  • Shipping Times
    • 421 29  -  By Selva Kumar THE Port of Singapore Authority plans to withdraw special rates for tugs and barges anchored off the congested western shores of Singapore. By removing the concessions, PSA hopes to create breathing space for other vessels, such as cargoships,
      421 words
    • 278 29 AFP BRITAIN welcomes China to talks on Hongkong's mammoth new airport project, the British Foreign Office minister in charge of the colony's affairs said. Lord Caithness said in Hongkong on Tuesday that Britain has invited Chinese officials to go to Hongkong
      AFP  -  278 words
    • 295 29 RESPONDING to changing relationships between Asian currencies and the US dollar, the Transpacific Westbound Rate Agreement (TWRA) will reduce its currency adjustment factors (CAF) on cargo moving from the US to Korea and Taiwan. At the same time, the rising yen against the
      295 words
    • 135 29 MITSUI OSK Lines has set up a container-warehousing facility in Thailand jointly with the Bangkok-based Tejapaibul Group. Sited at Bangpoo Industrial Estate, Bangpoo Intermodal Systems (Bisco) will provide cargo-handling and transportation services to the growing number of industries in the estate area and its vicinity.
      135 words
    • 346 29  -  By Rahita Elias KAOHSIUNG is going ahead with a US$69O million port expansion plan despite an expected slowdown in container throughput growth, to 4 per cent this year from last year's 10 per cent. In 20 years, an airport will be built next
      346 words
    • 328 29  -  By Dexter Lee TOKYO Senpaku Kaisha (TSK Line) has expanded its container liner service with a brand new boxship to cope with an increase in cargo loads bound for Japan. A spokesman for TSKLine Agencies told BT yesterday that in recent months, cargo volume
      328 words
    • NEWS SUMMARY
      • 106 29 HYUNDAI Mipo Dockyard Co, South Korea's largest shiprepair company and part of the giant Hyundai Group, was to be shut yesterday after two weeks of labour-management disputes. "The management has notified the union that it will indefinitely close the yard tomorrow as the company cannot bear
        106 words
      • 42 29 ONE of the most profitable airlines in the world, British Airways achieves its present status not because it invented anything or has the latest technology, but because it makes sure marketing and training take prime importance. Page 2
        42 words
      • 39 29 JAPANESE LINER shipping companies are bullish about the intra-Asia market. The intra-Asia shipping trade is expected to assume equal importance with the dominant trans-Pacific route within the next 10 to 20 years. Back Page
        39 words
      • 26 29 AIRPORT-TO-DOOR deliveries to 120 countries are available through new wholesale courier and express freight service launched by British Airways Cargo Back Page
        26 words
      • 67 29 SOCIETE Generate de Belgique's shipping subsidiary CMB SA said its first-half results were depressed by weakness in its core business. The company said its shipping activities were hit by a fail in the dollar, a higher-than-expected cost in establishing an integrated Indian Ocean service,
        67 words
    • LOG BOOK
      • 81 30 THE TOURISM Authority of Thailand (TAT) has recommended that Thai harbour facilities be improved as Asean is becoming a potential destination for tourists arriving on cruise liners. At a seminar held by the TAT last week, it said Singapore is the only Asean member
        81 words
      • 75 30 IRAN'S merchant shipping tonnage has more than quadrupled since 1979 to 2.35 million tonnes from 525,000, its shipping chief said. Islamic Republic of Iran Shipping Organisation managing director Ahmad-Hossein Dajmar said the number of vessels has increased to 97 from 42 in 1979. The fleet carried
        75 words
      • 71 30 WESTINGHOUSE Electric Corp, a minority partner in AEG Westinghouse Transportation Systems, said a decision by the Japanese government to award a US$7 billion people-mover contract to Niigata Engineering Co and Sumitomo Corp over AEG, is unfair. "It seems unfair. It's unusual that this decision was taken
        71 words
      • 93 30 UNITED Telecommunications Inc's US Sprint unit has received an export licence from the US Department of Commerce to ship packet-switching equipment to the Soviet Union. It said the equipment will be used by Sprint Networks USSR, its global data communications venture with the Soviet Ministry
        93 words
      • 107 30 A STRIKE by dockers, seamen and truck drivers and seamen is threatening to cripple Rumania's main port in a fresh challenge to the struggling National Salvation Front government. Free trade union leaders in the Black Sea port of Constanta said 23,000 port workers and merchant seamen
        107 words
      • 65 30 AIRBUS Industrie has blamed pilot error for the crash of an Indian Airlines Airbus-320 in southern Bangalore city on Feb 14 killing 90 people, the Press Trust of India (PTI) said on Monday. The counsel maintained that since the auto pilot was off, the
        65 words
    • 1592 30 Making friends and keeping them One of the most profitable airlines in the world, British Airways has achieved its present status not by inventing anything or having the latest technology, but by making sure that marketing and training take prime importance FT ABOUT 30 years ago British European Airways, a
      FT  -  1,592 words
    • 729 30 AFP AFTER a dull start to the week, shipping freight market sentiment was underpinned on Friday by firming rates in the important grain sector, traders said. The Baltic International Freight Futures Exchange (Biffex)'s Baltic Freight Index (BFI) ended up three points on the week at 1,197 points, thanks
      AFP  -  729 words
    • 12717 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
      12,717 words
    • SHIPS IN PORT
      • 529 45 !««< Barti kfM Pqtarttt ntfpM nMrm B» 1 K32 alongside 20.09/1500 BayswatallS ****** K33 atongsrie 18.09/1530 Beau Grac* 1A K34 alongside 22.09/0600 Chns bate *****1 K29 alongside 18 09/1500 Or At*o Mi 36WB CIO alongside 18 09/1500 Pnoces 15 K30 alongside 1909/2300 Enkson Pros 333A K29 18.09/1930
        529 words
      • 1142 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boatti|/Bjbnc« 1Mb 9# Voy No Etb/Btr Period From To Fran to Jade 13A 19/1900 3 18/0700 18/1159 18/1400 4 18/1200 18/1459 18/1700 to Hose 3A 20/1600 4 18/1200 18/1459 18/1700 Men 206 20/1100 2 17/1700 18/0659 18/0900 4 18/1200
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      • 209 45 l(whi Port 7 Berth 1: Heng Shut Barth t Pen Riser. Berth 3: Vienna Wood N. Barth 4: First Glory. Ihanl ai bartlc Mure Tunda Comfort Marine 56. Sank* jetty. Greenville I Tunda Kuda Laut. Anchorage: Atodr Out an Sep It Ka. Heng. Due an Sap It
        209 words
      • 1104 45 CHARTERING on the dry cargo freight market began the week quietly with fresh index related business slow to emerge, brokers said. The Baltic Freight Index on Monday rose three points to 1,200. The key grain route sub-indices from the US Gulf to Europe and Japan were marked up
        1,104 words
    • 530 46 Cargonews Asia JAPANESE LINER shipping companies are bullish about the intra-Asia market. The intra-Asia shipping trade will assume equal importance with the dominant trans-Pacific route within the next 10 to 20 years, reckons Torn Miyazaki, the managing director of Mitsui OSK Lines. "The wind
      Cargonews Asia  -  530 words
    • 328 46 AIRPORT-TO-DOOR deliveries to 120 countries are available through new wholesale courier and express freight service launched by British Airways Cargo. Speedbird Airport-to-Door is specially targeted at freight forwarders, domestic express and messenger companies wishing to enter or compete more effectively in the global express market.
      328 words
    • 168 46 Reuter SOCIETE Generale de Belgique's shipping subsidiary CMB SA said its firsthalf results were depressed by weakness in its core business. The company said in a statement its shipping activities were hit by a fall in the dollar, a higher-than-expected cost in
      Reuter  -  168 words
  • Page 29 Advertisements
    • 138 29 AfNJ RO < n^' the first regular container shipping service between Wmkm<Australia and South-East Asia back in 1977. DV's'" -In the 13 years since, we've seen 4 "V\ -^^a lot of competitors come. And go. fyV Meanwhile, AN RO has grown to B M®jP 1 become the la rgest dedicated
      138 words
    • 36 29 I |j|| UNITED I Elill UAamismasntUD Call Te1:471 3033 Contamr Schedule 17 (My FrogMs 17 Ma to Advertisers 3 SNwnt Gwde 10.11 Stys in Port 17 Smppore Trim 17 Weather and Sea CondHnm 17 MeektyfrecMs 2
      36 words

  • Page 30 Advertisements
    • 104 30 FOR WHO, WHAT, WHERE AHD WHEH i 2tl IH THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on
      104 words
    • 39 30 NOTICE BUREAU VERITAS takes pleasure in announcing to the shipping community of Singapore, the opening of its Examination Center for the certification of crew members on behalf of the Panamanian Government (SECNAVES). Contact 271 0286 (Miss Susan) for details.
      39 words

  • Page 31 Advertisements
    • 1874 31 mrmrir ttt %«ll«# 200 Cantonment Road #12-06 Soothpo.nl, Singapore 0208 All If/ Tel *****11 TELEX RS WinilH TERMINAL,CFS Tel *****18 220 V BOOKINGS Tel *****34 235 L VXCf J PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG TEL: *****18 NO. MA*****/MA***** HHMH PENANG TEL *****4 TELEX MA***** CFS TEL *****6
      1,874 words
    • 1202 31 MDEX TyDVERTISERS Pa «e Col P*ge Col A Madju Sdn Bhd 16 1/2 Maersk Line 3 4/5 ABC Containerline 13 5 Mainfreight 15 4 Accord Group 8 1-3 »MISC 14 1-3 Ahrenkiel Liner 16 1 M'sia Shpg Corp 9 1/2 Albatros Sea-Air 14 5 MTM 16 4 Alfred C Toepfer
      1,202 words
    • 2257 31 Vnhl Voy ETA I ETO "Port 'Panang DESTINATIONS Singapore Kalang TMa MM Marw M Ctoaang Ima Faadaf by CT 2M 0400 MRS M Fareo BHI CFS 2*/9 2359 HRS M Tauro OAK LGB MOU M6M ATL MIA CMS BAL PHL HVC MON TOP MARIE M 9002 2S/9 2V9 ?CV9 22/9
      2,257 words

  • Page 32 Advertisements
    • 1120 32 j ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE CAROtGAN BAY 97/511 20/5 15/10 9/10 11/10 8/10 14/10 TOKIO EXPRESS 96/514 23/9 10/10 13/10 15/10 BREMEN EXPRESS 96/515 27/9 22/10 16/10 18/10 15/10 21/10 BENAVON 96/518 30/9 17/10 20/10 22/10 KATSURAGI 02/517 4/10 29/10 23/10
      1,120 words
    • 478 32 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I 28/9 9/10 12/10 17/10 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. APIA ft NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP SEASPAC I 28/9 30/10 31/10 3/11 Alto accepting Cargo to Callao (Peru) *i* Valpa Agents: fzfzfiVsSlXlJ SINGAPORE:
      478 words
    • 1434 32 T E3 srom&mtM REGULAR INOEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LHA (VIA (VIA (VIA MA ROT) HAM) N. SINGA 9029-3 21/09 12/10 14/10 17/10 19/10 22/10 21/10 23/10 24/10 N AL MUNTAZAH 9030-3 ?8W 19 10 21 10 24/10 21/10
      1,434 words

  • Page 33 Advertisements
    • 1691 33 sjljgSteamers Maritime Holdings Ltd P&O fli m STRAITS SHIPPING Containers gjasa"" 1 I ACCEPTS DUE SAILS «0T No P Ktat S'pore SU» H"bW| Shaven R-<ttm Leh CAROI6A* BAT 97/Sll BAN-17/W 20/09 I*lo 09/10 11/10 0410 14/10 CA CO TOKIO EXPRESS 98*514 BAA 1/ffl 23/09 10*10 12/10 14/10 B4NTANC BELAIT VltE
      1,691 words
    • 1649 33 SP LN ROM HAM B'HVN FLX SPORE NK KAO KOI BU HANJIN FELIXSTOWE 004W 22/1 10/10 11/10 12/10 14/10 IS/M CHOYANC SUCCESS OIK 1/10 4/10 S/10 1/10 11/10 CHOYANC PARK 010W 20/1 17/10 11/10 19/10 21/10 22/10 HANJIN HAMBURG 002E 11/10 15/10 10/10 10/10 HANJIN OAKLAND 010W 7/li 24/10 2S/10
      1,649 words
    • 321 33 CONVENTIONAL SERVICE TO YANGON ETA SPORE 22/9/90 ETA P.KELANG 24/9/90 ETA YANGON 28/9/90 M.V. "HUA BAO" Vay 3 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK PL OBN CT SAPANCA V»T SU SM SM 22/! a/9 4/10 •Alio call* E L. ft P.E. GENERAL AGENTS: HAI SUN HUP
      321 words

  • Page 34 Advertisements
    • 634 34 i wfeia 1 E DJASAQETRI KlbS AMM Europe 8«vk» Ot. f.T. llMni HOT P T. tttWH HOT P.T. UMNCM MMKtM f.T. TMMM Uffl CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE VSI/VOY S'POKC R OAM/ H'BUMG BREMEN ANTWERP A OAM MATARAM/77WV 2-Hfl 22/1* H/10 2*lo 2/11 A VESSEL 10-13/10 14/11 11/11 ZZ/11
      634 words
    • 731 34 H ANJlNffgffiMj Sport LaHavr* R dam H'burg B'havwi fitowt FEEDER VSL [SIN LINE HAUL LAX OAK HANJIN FELIXSTOWE OWW 22/9 10/10 11/10 12/10 14/10 15/10 CHOYANG SUCCESS OltE l/M H 2100 CHOYANG PARK 010W 29/9 17/10 11/10 19/10 21/10 22/10 HANJIN HAMBURG OB2E l/M H POHANG Ml 2/11 HANJIN OAKLAND
      731 words
    • 1292 34 v i d -Td "1 d IMU SGP HKC KSC KLG PUS HKT OSK SOU TYO LAX CHS BAL NVt LMV AMI MM FIX HK SGP I I GATHER ««2 1H M M M Jfl 1/10 1/10 MB 7/M 0/10 WO OflO «|U I|UU|Uli|UWlU|llli|UUll2| (CM ACE Bt-B» a/I vn VH
      1,292 words

  • Page 35 Advertisements
    • 1477 35 Skipping Times, Wednesday September II IMC 1 1 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE :*****22 DOCUMENTATION DEPT: *****44 *****14 MW CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 Nppi IMC
      1,477 words
    • 1175 35 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 V 1 DISCHARGING FROM EASTBOUNO LOADING FOB WESTBOUND VtSStLS VOYAGE Iswm |MAWLA HKONB WIW got WaAWC wuw shaven TILBURY urn IMmfiP km.
      1,175 words

  • Page 36 Advertisements
    • 1401 36 K line KAWASAKI RISEN J<AISHA. LTD. EXPORT N. AMERICA PACIFIC SOUTH-WEST UMPOfIT N. AMERICA PACIFIC SOUTH-WEST FEEDER VESSEL VOT ****** -PHiPNG |SCP MOTHER VESSEL VOT LI OA* C*l NYC VOT HOUS LI OA*T*Y*® Y ™J ™6AnSo« i*j ag ag mawuitmmmi *wowowo wo w S 585 i*» w m 04JEEN S
      1,401 words
    • 1122 36 PHM-OMNT LINK PTC LTD 1 106 ROBINSON ROAD #07 00 GMG BUILDING SINGAPORE 0106 I TEL *****22/*****69/*****00 TELEX: RS ***** PHILI FAX *****76/*****38 s-J&tf' B Y AIR > LAND OR SEA... we take on the world for you MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION *4 22 SEPT MONTREAL, OTTAWA, TORONTO,
      1,122 words

  • Page 37 Advertisements
    • 1475 37 PACIFIC INTERNATIONAL LINES (PTE) LTD Jy PtL Building, 140 Cect Street ftXHX), Singapore 0106. V€s4€L VOY StW JRT SM VESBEI VOY SIN BKK SIN COIN MM nn 221% Wt KOTA SING A 27N 21ft Ml 1M KOTA MCLATI IMB 21/t 23/10 2M PEGASUS PROGRESS B3SH 221% 2M 2M DELTA MAS
      1,475 words
    • 1134 37 r BEN LINE CONTAINERS LTD y 200 Cantonment Road Tel: *****22 #13-05 Southpoint IIA Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UKIQOItfm&K'W i VESSEL |VQY SPORE PKLANG HAMBURG B'HAVEN R'OAM L"HAVRE Cydigan Bay* 97/511 20/9 15/10 9/10 11/10 8/10 14/10 ToWo Express 95/514 23/9 Via Ban
      1,134 words
    • 338 37 MYANMA H FIVE STAR UNE x (Myanmar National Line) Loading for Yangon (Rangoon) Sport P.KIi Pm P.Gdg PAGAN VI6IW 20/22 SEP MAGWAY VIM M/ 27 SEP HPA-AN VISSW MA OCT MYOMAYWA VI3IW MP OCT ■ask THE BAHKUNI (A Mfvica o< Andrew W*ir Shipping) \VF SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I
      338 words



  • Page 40 Advertisements
    • 802 40 'VDSjEyNESfIi^ INTEGRATED CONTAINER SERVICE FROM FAR EAST TO WORTH CONTINENT OUTOOUNO a* FIX BRV RDM AWT MM RST TOKYO SEN »FOM 20/9 13/W 14/10 IS/10 17/11 19/10 MECKLENBURG W# W Wt 22/10 21/10 Z3/10 21/10 ARABIAN SCN WFO43 12/10 24/10 25/10 20/10 21/10 30/10 GERMAN UN WFO44 1/10 900 101
      802 words
    • 1139 40 gymT CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 o— mmmvm iamg i* FAR EAST PORT KELANG 28/9 8. 5/10 MANILA 22/9 29/9 PENANG 28/9 5/10 BUSAN 25/9 5/10 BANGKOK 23/9 1/10 TOKYO 20/9 27/9 HONG KONG 21/9 4 24/9 YOKOHAMA 27/9 4/10 KAOHSIUNG 23/9 30/9 KOBE 20/9 26/9 KEELUNG 23/9
      1,139 words
    • 304 40 LOAPINC roo LOADING FON WENOS AItES vtixi f»«ii cm om MM wioco no sn vit mom c isaki mm line vr» «u mu- aru YMMJ mostvon i uiu an *tu viu am aiu V wu DISCHARGING FM BWAjIL ONLY SFOHfIWH M* Mt MSAN fOU MO KOI Msmtm zm» an* w
      304 words
    • 1221 40 ■5? HUM OCEAN SMPFM CMPANY :i TEL: 22QM R sm^E B (SM ,HG FULL CONTAINER LINER SERVICE TELD FA* aSf*" 1 NO SSSoMW CABLE: COJTARLI* General Agents: COCTA* WIMNQ PTK LTD VtSKITVOT MP FIX WOT HAM AWT WW VmtUVOT FU MT HAM ANT OWt MP YIN HC/SIW VI Wl KIK
      1,221 words

  • Page 41 Advertisements
    • 874 41 NIHON ASIA I CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA usa AII PI Destns 22/9, 29/9 EUROPE all Ports 21/9, 28/9 1 BANGKOK 22/9, 25/9 HONGKONG/CHINA 21/9, 28/9 SYD, MEL, ADEL, BRIS 24/9, 28/9 FREMANTLE *7/9, 4/10 3 MANILA 23/9, 3/10 PKLG/PENANG 26/9, 3/10 Port Kalang Branch Tal:
      874 words
    • 229 41 MARINE AGENCIES (S) PTE LTD 3» TEL: *****33 (12 Llnoo) m FAX: *****15/*****03 ftn] TELEX: RS ***** RI3HIP (3 Llnoo) PjP\ ETHIOPIAN SHIPPING UNES J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOV ETA LOADING FOR SPOWE NETSANET 20WB XVIO OARESSALAAM MOMBASA. DJIBOUTI ASSAB MASSAWIA MOOEIOAH ANOINET 21WB
      229 words
    • 797 41 te>-P-T. MASKAPAI PELAYARAN LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN OKUNOZE
      797 words
    • 985 41 BANGKOK CEBU/MANILA 'vESSa 1 VOY SINGAPORE BANGKOK [VESSEL |VQV rPOW CPU 1 MAMU jj NANTA BHUM 07N Wed In Pt Sat 22/9 KITI BHUM 3tS 21/9 27/9 2*9 JENLINK 24N Thur 20/9 Sun 23/9 SO ORIENT »R 2»/9 4/M 4/M SIR! BHUM# 464N Ffi 21/9 Mon 24/9 KITI BHUM 40S
      985 words

  • Page 42 Advertisements
    • 1119 42 a ■AC-MILS SINGAPOREiftWHrc TEL *****22 1 1 IMPOIT TEL 221 POM] PENANG TEL: (04) *****6 KK TEL: (088) *****0 TAWAU TEL: (089) *****9 P KELANG TEL: (03) *****77, KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 N-w
      1,119 words
    • 519 42 BLUE STAR LINE 11 SINGAPORE TO If NEW ZEALAND AND T/S FIJI PTTT I y containerised monthly sailings TKHAEMNOAT NEW *^OBT DUNEDIN, LYTTELTOK INVERCARG'IL. FIJI AND TAHITI SIN N. Pit AUCK IYT PREMIER OK »Sep Oct VjR NPL U MUIBERA ITS 2 Od 2 N*» Via NPL S N«v STORE
      519 words
    • 845 42 /SB THONG SOON LINES PTE. LTD. i I 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH mm |m \m IKCT una \wi ETA |«T KIM SOON LI 37/90E 22 SEP
      845 words
    • 335 42 vV W I I H —w ifjvwvTysKTTnrriiySKlßß 9 WiHßii 9 IRANIAN »ERVICE Sinppon Laadlig «*rIRAN TEYFOURI SM Band* AMm SILVER CHARIOT V.PJL IU 24/U Bandar AMm* 1 fHfIHWM {Nrtanl Um If Mutes) IX NEST GIMT/MBKI/CBmUIL AMERICA CMTAMER SSI VICE MB IS BUM LCAAKNAS ICIIU2 MftlgflHlLlO TOLUCA VU 2*l Zl/M 2VH
      335 words

  • Page 43 Advertisements
    • 719 43 COMPANIA PERUANA DE VAPORES T "PERUVIAN STATE LINE" ACCEPTING BREAKBUIK/FCL/SOC CARGOES TO/FROK CALLAO, MATARANI, ILO* A OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Pwunf* P. Kelang Singapore MURRAYEVERETT 22/23 S«pt 24/26 Sept KARABIEVERETT" 2S/26 Sspt 27/28 St# Disch) Oi*ch) 06/08 Oct Loading) MMALAEVERETT 17/18
      719 words
    • 585 43 VSL |VOY [S'POIIE fctAINLINER [LAX [KST~ SAV NYC [HEX ZIM OSAKA 14E Vlt MIHAirA B(» W *U *11 Wl 2IM PIRAEUS USE 14/10 tin NONGHON6 71/11 *11 1/U VU 7/12 2IM SINGAPORE 3K 2*lo ZIN TOKYO 1/12 M/ 12 I*l2 U/U 17/12 ZM EiAT 111 31/10 ZIH TOKYO l/IZ U|U
      585 words
    • 624 43 SING KWANG HfINGI WWW TRAMSPOATATON <m) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 22/9 25/9 JENWEL 25/9 28/9 VESSEL SPORE BANGKOK A VESSEL 21/9 24/9 A VESSEL 23/9 28/9 DESTINATIONS ETA SINGAPORE PORT KELANG 21 SEPT MANILA 22 SEPT HONG KONG. ALL CHINA PORTS 23 SEPT KEELUNG.
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    • 515 43 ns PERINTIS LINE 11 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE/PONTIANAK JAKARTA SURABAYA VESSEL VOY SIN JKT SBY POMTIAMAKTANTO SEJATI 2t In Pt 22/09 DERAJAT 903 22/09 25/09 TANTO SEJATI 23 26/09 29/09 DERAJAT 904 29/09 02/10 TANTO UTAMA 107 22/09 25/09 TANTO UTAMA 109 29/09 02/10 TANTO UTAMA 111 07/10
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    • 383 43 UN FAB EAST 23/9 KEELUN6/KAOHSIUNG 22/9 BANGKOK 22/9 MANILA/CEBU 22/9 JAKARTA/BELAWAN/SURABAYA 21/9 PORT KELANG/PENANG/E. Malaysia 21/9 BUSAN 21/9 TOKYO/YOKO/KOBE/NGO/OSA 24/9 HONG KONG also accepting cargo to Huangpu/Shenztien/FurfKHi/ Xiamen/Xingang/Shanghai %m EMMPE/IK 22/9 LDN/FLX/LVP/SOU -22/9 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austrta/ Hungary/Roumanta/Poland/Bulgana/Czech. SIN m/CAMASA 22/9 LOS ANGELES/NEW YORK ail ipi points
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  • Page 44 Advertisements
    • 544 44 CB SHIPPING (UEf) MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES COfflAMffl/LCL/BIIUKBULK SERVICE "ANKE" SERVICE SPE LAE MISIMA T'VILLE V.1758 24/9 3/10 7/10 12/10 BUNKER SURCHARGE EFFECTIVE 1/9/90 TEU U5D25.50 B/BULK USD 2.50 CL USD 1.50 SUBJECT REVIEW mnks accepted for east mumatm U —Mm irt wilciei. ZZPLATOU PACIFIC 1? I
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    • 521 44 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEUVOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE B.M.T V 17CW90 25/9/90 17/10/90 18/10/90 23/10/90 I.Y. V.17-90W 26/9/90 23/10/90 14/10/90 18/10/90 K.V.U. V 18CW90 5/10/90 27/10/90 29/10/90 3/11/90 KM V 18-90W 16/10/90 11/11/90 1/11/90 8/11/90 F.GA V 19-90WU 25/10/90 20/11/90 10/11/90 15/11/90 ALSO ACCEPTING CARGO
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    • 243 44 WEEKLY FCL/LCL SERVICE DESTINATIONS ETA SINGAPORE KEELUNG/KAOH 23/09 27/09 30/09 3/10 HONG KONG 21AK 25/09 27/09 30/09 BUSAN 24f19 29/09 04/10 10/10 BANGKOK 23/W M/W 07/10 14/10 MANILA 24/09 04/10 14/10 24/10 KYC LINE (S) PTE LTD., 158, CECIL STREET OAPENSO BUILDING, #09-00 SINGAPORE 0106 TEL: *****55 TELEX: R*****3 FAX:
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    • 620 44 CffjO PENANG—KL: allied-link SINGAPORE: M 04r*****2 03-*****55 778 6522(22 l.nes SEEA Marina Ong Susan Ng/Chrlattna CMaw Dolly Mlrpuri/Eathar Yap FCL/LCL SERVICES MANILA ETA T VIGOUR PACIFIC 16KB 24/9 VIGOUR PACIFIC 17WB 4/10 BANGKOK 23/9 30/9 BUSAN 2 5,9 5/10 HONGKONG 21/9 25/9 DURBAN 30/9 12/10 KEELUNG 23/9 30/9 PT. LOUIS
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  • Page 45 Miscellaneous
    • 420 45 TIDES AND WEATHER TODAY'S TIDES (Nfrt in metres) HOUR 0000 0100 02M 0300 0400 0500 OCOO 0700 MOO 0900 **********00 ***************017M1M019M 20M 21M 22M 23M ft 2.9 16 1.9 1.3 0.8 0.5 0.4 05 09 1.6 2.3 2.6 2.7 2.5 2.0 1.4 0.9 0.6 0.5 17 1.0 1.7 25 2.9
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  • Page 46 Advertisements
    • 398 46 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL Ji- SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. I VESSEL KUANTAN PT. KLANG PENANG TBN 25/8/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK "IWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 15/8
      398 words
    • 705 46 HYUNDAI MERCHAKT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKC SIN HYUNDAI COMMANDER 20E 22/09 27/09 15/10 17/10 20/10 19/10 HYUNDAI CHALLENGER 3SW 14/08 17/08 19/08 06/09 16/01 HYUNDAI PIONEER 3SE 29/09 04/10
      705 words
    • 426 46 CHARTPOINTI Every Saturday in Business Times UK/CONTINENT (TRIO) ItiSnimi ««j«i r~»i« "J" StSSwKI I i ss&svr a a m jg sssr sta®-——- WWW sarasss. ss s HUH BEN A VON «ff 1 7,111 2gns MEDITERRANEAN (MED CLUB)* JEDDAH IH| (S«MWOro|nr»MO rajow trijjlto Ujy Tnjrto CITY Of EDIMiUtCM U»» »f> OASIS
      426 words