The Business Times, 14 June 1991

Microfilm: NL17507
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 16/12/90 Friday, June 14, 1991 75"
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  • NEWS SUMMARY
    • Article
      Yeltsin has won 57.3pc of votes, say aides
      48 1 MOSCOW Radical leader Boris Yeltsin had won 57.3 per cent of the vote in the Russian presidential election as of yesterday. His aides said that with all but about one million votes counted, he had already won 43.2 million votes.
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    • Article
      CBI pessimistic about retail sales
      74 1 LONDON The Confederation of British Industry sees little prospect of a sustained recovery in retail sales until the end of the year at least. A CBI Quarterly Survey of the Distributive Trades (retailers, wholesalers and the motor trade) showed retail sales fell 8 per cent
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    • Article
      Edge for firms
      35 1 BREAKING new ground through product development and design that is how two local companies in the semiconductor business have succeeded in technologically advanced countries of Europe, Japan and the US Page 2
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    • Article
      Iraqi assets freed
      42 1 THE UN Security Council's sanctions committee has decided that 31 countries could release more than U553.75 billion (556.68 billion) in Iraqi assets frozen in their banks to enable Baghdad to buy food, medicine and other essential supplies Page 8
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    • Article
      China policy defended
      36 1 THE Bush administration, facing angry congressional opposition, has heatedly defended trade benefits for China but has told Beijing that any arms sales to Syria and Pakistan could adversely affect US ties Page 8
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    • Article
      More loans
      39 1 THE World Bank has announced that it has greatly increased its assistance to six formerly communist countries in Eastern Europe with loans that will total USS2.9 billion (555.16 billion) by the end of the month Page 9
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    • Article
      Dying comes to life
      31 1 DYING YOUNG, the Joel Schumacher film starring Julia Roberts, will finally open in the US this weekend after repeated rumours about changes and second thoughts. Page 13
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    • Article
      OEL steams ahead
      35 1 UNDAUNTED by the recent pullout of two shipping lines in the Singapore-Madras trade, common carrier Orient Express Lines (OEL) is set to steam into the sector next week. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      47 1 WALL STREET was mixed in early trading yesterday, still struggling with interest-rate and inflation worries. The Dow Jones average of 30 industrials dropped 6.49 points in the first half-hour but then turned higher to show a 5.59point gain at 2,967.58 one hour into the session.
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    • Article
      Footsie lower
      46 1 LONDON share prices eased only slightly in subdued trading at midday yesterday in spite of a surprisingly gloomy survey of the retail industry published by the Confederation of British Industry. At 1200 GMT, the FTSE 100 Share Index stood at 2,515.9 down 4.3 points.
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    • Article
      Flat showing by Metro
      28 1 METRO Holdings showed flat earnings, with a group profit after tax and minorities of $8 million, for the year ended March 1991 Page 3
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    • Article
      Builders seek listing
      25 1 A NUMBER of construction companies are being considered for listing on the Kuala Lumpur exchange by the Capital Issues Committee. Page 3
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    • Article
      Citicorp wants capital
      44 1 CITICORP aims to raise about US$4 billion (SS7.I billion) in new capital by the end of 1992, including US$2 billion this year, and is planning to sell 15 per cent of its credit card business, says chairman John Reed Page 6
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    • Article, Illustration
      STOCK INDICES
      32 1 1 hursday Change BT-MGA 740 60 -2.33 Kuala Lumpur ...624.66 +0.70 Tokyo 24.808 17 +325.48 Hongkong 3,632.55 +4.65 Sydney 1.495.6 -4.3 Wednesday Change New York 2.961.99 -23.92 London 2.520.2 -22.4
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    • Article
      CURRENCIES
      23 1 Exchange rates USS SS 1.78*) 100 Yen SS 1.2616 MS SS 0.6418 Money market rates Overnight 5% unch 3-month 5 5/8% +1/16
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    • Article
      COMMODITIES
      39 1 London Gold AM fix USS368.40 -USS2.30 Rubber S'pore Julv 148.00®/kg +0.25 M sia July 232.50«/kg +0 50 KL Tin Turnover 76 tonnes -29 Spot MS 15.60/kg +0.05 Crude palm oil Turnover. 975 lots -337 June MS762 /tonne -5
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  • Article
    S'pore investments in Indonesia top US$1b
    542 1  -  Republic was Jakarta's sixth largest investor last year From Yang Razali Kassim in JAKARTA SINGAPORE'S investments in Indonesia have crossed the US$l billion (551.78 billion) mark, pushing the Republic into the class of Indonesia's top 10 investing nations. The threshold was crossed last year
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  • Article
    BASF plans to invest $3b in Asia
    383 1  -  $500 m plant may be built in S'pore By Genevieve Cua GERMAN chemicals giant BASF is planning to spend over three billion deutschemarks (SS3 billion) on manufacturing facilities in the Asia-Pacific over the next 10 years, a move calculated to double its market
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  • Article, Illustration
    UK exporters to get insight into Growth Triangle
    280 1  -  By Schutz Lee THE Batam-Singapore- Johore Growth Triangle concept will be given a boost in I Britain next month when the British government holds a one-day seminar in London for British exporters. This seminar will bring to the attention of British companies
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  • Article
    SIA quashes talk it is planning a stock split
    499 1  -  By Selva Kumar QUASHING market talk, Singapore Airlines said yesterday it was not planning a stock split because its shareholders would not benefit in the long term. In a statement to BT, the carrier said: "SIA maintains its policy that gimmicks
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  • Article
    RCB unveils action plan for greater compliance
    153 1 THE REGISTRY of Companies Businesses (RCB) has unveiled a plan of action to educate publicly-listed companies and their shareholders about the section in the Companies Act which requires substantial shareholders to notify their companies of changes in their shareholding within two days. From
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      279 1 Watches of Switzerland Stores at: #01-16 Scorn Shopping C entre 57 3"'«8/*****43 #02-06 Vtisma 'lei 23S 8204 *Ol 32/33 The Forum Tel 734 0928/^341)929 il W.iit .'!> Snl.vWjiii BUCHLRER Aircraft Schedule 25 Money Market 23 World News 8,9 Commodities 24 Regional Co News 4 Cryptic Crossword 25 Regional News 7
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    • Advertisement
      Page 1 Advertisements Column 2
      108 1 IT USED to be that bosses spotlight on corporate clubs Rights issue rejections: just worried about how to together with canteens Impact on UIC. Hotel Prop find ways to squeeze more discovers this. and Eu Van Sang. out of employees. Nowadays, Plus: A look at skiers who •(iold still glowing?
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      Page 1 Advertisements Column 3
      69 1 UPD'P© Compact A3-format Copier. Minolta Analysis, Page 11 Trade grew by 7.9 pc last year, Back Pg Focus, Pg 14 •vl HI%|j •j i *n ii I 111 w- ETIENNE AIGNER SHOPS *01-43/04 Delfi Orchard T«l: *****00 H "tT #01-02 Shaw Centre Tel: *****41 #B1 -08 Palais Renaissance Tel: *****84
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Update on Spain's major global events
        173 2 REPRESENTATIVES from Spain will be in Singapore next week to promote and give an update on the latest developments on three major international events that will be held in Spain next year. Pablo Muller. director of the Tourist Office of Spain, will be chairing
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      • Article
        Simex launching gasoil contract
        37 2 THE SINGAPORE International Monetary' Exchange Ltd (Simex) will launch a gasoil contract on Tuesday, June 25. The launching ceremony will be held on the Simex trading floor in OUB Centre at 1 lam.
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      • Article
        Software donation to poly
        60 2 BIZPOINT SYSTEM has donated the "Simple Solution" Accounting Software Package to Temasek Polytechnic, which can use it for teaching purposes or for student projects. The package includes the accounts receivables, accounts payables, general ledger and financial management and fixed asset systems. The multi-user system will be
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      • Article
        Corrections and clarifications
        48 2 IN BT's June 12 report "Director ups stake in Pac Can", it was stated that Low Hua Kin was a director of Pacific Can Investment Holdings Ltd. This is incorrect. Mr Low is not a director of the company. We are sorry for the error.
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    • Article, Illustration
      Local semicon firms make good
      385 2  -  IC Equipment, Microfits Methods penetrate advanced markets By Schutz Lee BREAKING new grounds through product development and design that is how two local companies in the semiconductor business have succeeded in technologically advanced countries of Europe, Japan and the US. Both IC Equipment and Microfits
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    • Article
      HK printer's plant here to serve as Asean Hq
      237 2 THE STARLITE Printers group, one of Hongkong's largest packaging printers, has set up a manufacturing plant in Singapore that will also serve as its Asean headquarters. The company will invest more than $25 million in a three-phase development plan to equip
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    • Article
      Substation gets $1.1m corporate sponsorship
      214 2 SINGAPORE's first "Home for the Arts", the nine-month-old Substation, will be getting a badly-needed shot in the arm in the form of a $1.1 million corporate sponsorship. GAPL Pte Ltd a joint venture between Asia Pacific Breweries and Guinness Overseas is the first major corporate
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    • Article
      Japanese developer launches sale of S'pore condo
      320 2  -  By Sylvia Wong JAPAN'S sixth largest condominium builder, Morimasa Enterprise, has started its first local residential project. It is launching Morimasa Gardens, a 38-unit condominium in Gilstead Road, today. With a list price of $570 to $590 per sq ft. Seow Hong Teck.
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      31 2 NOW AT THE PROMENADE Visit the Fratelli Rossetti Boutique at the Promenade #03-03 bet w v e en 14 to 30 Jpne 1991 and enjvjy a 10% discount* on all items
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    • Advertisement
      Page 2 Advertisements Column 2
      65 2 3 TIMES A WEEK BY EMIRATES. 3 DAYS FROM $1,610 4 DAYS FROM $1,690 5 DAYS FROM $1,760 Great Value Prices Include: Accommodation in 5-Star Hotel (Hyatt, Hilton, Intercontinental) Daily American Breakfast Meet and assist at Dubai Airport Transfers airport-hotel-airport Arrangement of visa Prices are valid till 31 August 1991.
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Metro Holdings turns in flat earnings
      462 3  -  Group proposes one-for-three bonus issue By Elaine Koh SQUEEZED by higher operating costs and thinner turnover because of the Gulf crisis, Metro Holdings showed flat earnings, with a group profit after tax and minorities of $8 million for the year ended March 1991. The
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    • Article, Illustration
      Third BT Investment Race: pick 3 to 5 stocks
      334 3  -  By Diana Oon CONTESTANTS in the third Readers' Investment Race Contest of BT will have to pick three to five stocks when they decide on their entries tomorrow. Mr Mano Sabnani, BT's editor, said the change in the rules would make
      334 words
    • Article
      Lock icon Saujana to make Class B share offer
      215 3 Bernama KUALA LUMPUR Landmarks Bhd's 85 per centowned subsidiary, Saujana Resort (\1) Bhd, proposes to offer 380 "Class B" shares to its shareholders to enable them to enjoy the facilities offered by the Saujana Golf and Country Club in Subang. Saujana resort managing
      Bernama  -  215 words
    • Article, Illustration
      Lock icon Tycoon needs fresh political links
      621 3 MARKET TALK Reuter KUALA LUMPUR Critics once accused Lim Thian Kiat. one of Malaysia's youngest and most aggressive tycoons, of biting otf more than he could chew. But two years after taking control of Multi-Purpose Holdings Bhd for M 5592 million (SS3BO million) in the
      Reuter  -  621 words
    • Article
      Lock icon Construction firms line up for KLSE listing
      542 3 MBT KUALA LUMPUR A number of construction companies including Chew Piau Construction, Siah Brothers Trading. Ho Hup and Shanghai Chong Kee Construction are being considered for listing on the Kuala Lumpur Stock Exchange (KLSE) by the Capital Issues Committee. Chew Piau. expected to
      MBT  -  542 words
    • COMPANY BRIEFS
      • Article
        Magnum buys 20pc stake in TA Enterprise
        83 3 KUALA LUMPUR Magnum Corp Bhd. the gaming arm of Multi-Purpose Holdings Bhd, has acquired a 20 per cent stake in stockbroker TA Enterprise Bhd for M 578.84 million (5550.46 million). The purchases of the 20 per cent stake comprising 24 million shares were
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      • Article
        Kamunting ups Magnum stake
        98 3 KUALA LUMPUR Kamunting Corporation Bhd has purchased 683.000 shares in Magnum Corporation Bhd from the open market through Dunlop Estates Bhd, thus increasing its stake to 93.06 million shares. The shares, which were bought from May 14 to May 27, were held indirectly through Dunlop Estates,
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      • Article
        UOB to set up Taipei office
        68 3 UNITED OVERSEAS BANK'S application for establishing a representative office in Taipei has received official approval. In the latest issue of UOB Group News, the bank said it is looking for suitable premises and staff for the new office, which will be the 50th overseas
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      • Article
        FELS' name change
        27 3 FAR EAST-LEVINGSTON Shipbuilding Ltd announced that the name of the company has been changed to Far East Levingston Shipbuilding Ltd, effective May 18, 1991.
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      • Article
        Audit committee formed
        34 3 TIGER BALM Ltd formed an audit committee on June 7, with three directors of the company Mr Sat Pal Khattar, Mr Tan Puay Hee and Dr Hong Hai as its members.
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      • Article
        MBf property trust in deal
        35 3 KUALA LUMPUR MBf First Property Trust Fund has purchased its second property, a four-and-a-half storey office building owned by Wangso Properties Sdn Bhd in Johor Baru, for M 523.5 million.
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      212 3 The alternative. <■> J i. ANA HOTEL SINGAPORE 1 v I>• I' ,1,1 I 11.. 11.-1 I, ...,v i. I, Mis:-. X 'IS. FOR THE WORLD'S MOST TREASURED WATCHES CORUM at Cortina Watch jj l',Ppfifvp xx\|\"l >. j oo o ■y' )m /f J y> One establishment in Singapore vni/M
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Indonesian mining firm wants tax rebate
        118 4 JAKARTA FT Newmont Nlinahasa Raya, a gold mining company, is ready to pay 50 per cent of its 1990 property tax for its 147-hectare concession area in North Sulawesi. But the local North Sulawesi tax office says that it will only accept a 100
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      • Article
        Revamp at Bangchak Petroleum
        74 4 BANGKOK Thai state-owned Bangchak Petroleum Co is to revamp its corporate structure in preparation for an anticipated expansion in operations. The new corporate structure, to take effect on July 1. will see little change in the division of responsibilities, but the finance and administration departments will
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      • Article
        Highlands Gold credit line
        64 4 SYDNEY MIM Holdings Ltd's 65 per cent-owned listed Papua New Guinea (PNG) subsidiary Highlands Gold Ltd has signed a US$l2O million (*****.6 million) credit line with the government's Australian Trade Commission. Austrade said its Export Finance and Insurance Corporation arranged the credit for Highlands Gold, which
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      • Article
        Dumping charges denied
        29 4 TOKYO Japan's Sharp Corp and Matsushita Electric Industrial Co Ltd denied they are dumping microwave ovens in the US market as charged by a US firm.
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    • Article, Illustration
      Hotel Equatorial using Chinese link to sell rooms
      557 4  -  From Yong Pow Ang in SHANGHAI HOTEL Equatorial is plugging into the network of its Chinese partner to help sell rooms in its jointly-owned hotel here. Hotel Equatorial Shanghai. which opened its doors last week, is a 50-50 joint venture between Hotel
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    • Article
      Lock icon Nissho Iwai, Japanese state firms to develop oil in Vietnam
      374 4 AFP TOKYO Japanese trading company Nissho Iwai Corp plans to form a petroleum venture with two Japanese government affiliates to explore and develop oilfields in Vietnam, a company spokesman said on Wednesday. "We are interested in oil development in Vietnam
      AFP  -  374 words
    • Article
      Lock icon Mitsubishi group expects to win Kuwaiti project
      230 4 Reuter TOKYO Japan's Mitsubishi Heavy Industries Ltd and Mitsubishi Electric Corp hope to jointly win an order worth between two and three billion yen (Ss2s-38 million) from the Kuwaiti government for repairing war-damaged electric power plants, a company spokesman for Mitsubishi Heavy said.
      Reuter  -  230 words
    • Article
      HK firms invited to develop Indon hotel industry
      456 4 HONGKONG Hotel groups in Hongkong are being invited to join in the development of the hotel industry in Indonesia, one of the fastest-growing economies in Southeast Asia, according to an article in the South China Morning Post on Wednesday. Hotel industry sources
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    • Article
      Lock icon Carter Holt reserves comment on sale of Aussie unit
      247 4 Reuter AUCKLAND Carter Holt Harvey Ltd had no immediate comment on a report that its sale of Australian recycling company Simsmetal Ltd had collapsed. CHH deputy managing director Wilson Whineray said in Melbourne that he could neither confirm nor deny the
      Reuter  -  247 words
    • Article
      Tanayong escapes delisting over share mandate
      468 4 BANGKOK Tanayong Co Ltd of Thailand, the real estate firm whose "share mandate" manoeuvre set the corporate world alight last week, narrowly escaped delisting when the stock market board on Friday found that it had not violated securities regulations or civil and commercial codes
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      228 4 J. A I HEALTH I I I MATE 7*o*Op6r9te Ho g Ssu 3 A totally new concept in saunas. W U JflL#" relaxing workout to be enjoyed in the W J 5 111 J 'J/ comfort of your own home. It uniquely jm A j recreates the radiation heat of
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  • INTERNATIONAL COMPANY NEWS
    • Article, Illustration
      Lock icon Trump close to pact with Castle Casino bondholders
      347 5 Talks to restructure payments said to be going well Reuter NEW YORK Donald Trump is very closc to reaching an agreement with bondholders on the restructuring of his Trump Castle Casino, according to a high-ranking official within the Trump Organisation. "Negotiations are
      Reuter  -  347 words
    • Article
      Lock icon Racal Electronics profits up 11pc
      303 5 AFP LONDON British group Racal Electronics announced on Wednesday a pre-tax annual profit of £222.9 million (***** million), up 11 per cent over last year's £201.4 million profit for the year ending March 31. Racal announced its profit results the same day as results were
      AFP  -  303 words
    • Article
      Lock icon Goodyear Tire plans layoffs of up to 600
      306 5 NYT NEW YORK Goodyear Tire and Rubber Co, which is working to overcome low demand and intense price competition, said on Tuesday that it would lay off up to 600 workers at two US plants and one in Canada. The company said
      NYT  -  306 words
    • Article
      Lock icon Tate & Lyle to get profit boost from fat substitute
      253 5 Tate Lyle to get profit boost from fat substitute Reuter LONDON Profits at the world's largest sugar and sweetener group, Tate and Lyle pic, are set for a significant boost in the mid-1990s after the group unveiled its new fat substitute Stellar on Tuesday, analysts said. They said Tate could
      Reuter  -  253 words
    • COMPANY BRIEFS
      • Article
        Nouvelles Galeries says bid price fair
        90 5 PARIS SA des Galeries Lafayette's bid for Ste Francaise des Nouvelles Galeries Reunies is fair, Nouvelles Galeries chairman Maurice Laure said. "It's not bad. It's even good as far as I'm concerned," Mr Laure told a news conference. Galeries Lafayette, which has 39.39 per
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      • Article
        Politicians behind ICI
        90 5 LONDON A network of British politicians are marshalling forces against a possible bid by takeover specialist Hanson pic for chemicals and pharmaceuticals group Imperial Chemical Industries pic. Both ruling Conservative and opposition Labour politicians said they are working to build a wall of resistance to any tilt
        90 words
      • Article
        Motorola, Ford form chip pact
        81 5 AUSTIN, Texas Motorola Inc said the company and Ford Motor Co will form a technology partnership to develop a new class of microelectronic chips to control car engines and transmissions. Motorola said its semiconductor products sector will supply a RISC (reduced instruction set computer)-based microcontroller
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      • Article
        Ghanaian mine to up gold output
        54 5 HARARE One of the world's richest gold mines, Ashanti Goldfields Corporation (Ghana) Ltd, plans to boost production to 620,000 ounces in 1992 from 400,750 ounces in 1990, company officials said. Ashanti is 55 per cent owned by the government of Ghana and 45 per
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      • Article
        Guinness Mahon's LSE listing
        66 5 LONDON Guinness Mahon Holdings pic said its London Stock Exchange (LSE) share listing was in doubt as a result of majority shareholder, Bank of Yokohama Ltd, taking up its rights in a recent rights issue. The merchant bank said on Tuesday that it had a 65.85
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      • Article
        Imetal sees slight drop in profits
        86 5 PARIS French diversified industrial group Imetal said it anticipates a slight fall in profits in 1991. "After a disappointing first quarter, a slight drop in profits for the year is expected," the firm said in a statement, adding that the fall in earnings would
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      499 5 Special deliveries SAMSUNG AJfcJi m m m r r Samsung is continuing to deliver quality and service electronics. Speed is essential. Samsung's dual port VRAMs. equipped with RAM and SAM deliver at speeds of 100ns eSESm^— (RAM) and 25ns (SAM) Samsung VRAMs provide high quality and performance in work stations.
      499 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Japanese, Russian bank in investment protocol
        73 6 Iok\o A Japanese venture capital firm, Soviet Union Investment Promotion Co Ltd (SUIP), Japan's Niigata Chuo Bank Ltd and Russian Republic Foreign Trades Bank of the Soviet Union said they had signed a protocol to promote Japanese investment in the Russian Republic. Under the
        73 words
      • Article
        Barclays advertises commitment
        54 6 LONDON Barclays pic, Britain's biggest bank, has advertised in UK national newspapers in response to criticism that it has been charging unfair lending rates to small business clients. "Barclays today hit back at critics by taking advertising space in national newspapers to confirm its commitment to small
        54 words
      • Article
        US national banks' profits down
        92 6 WASHINGTON US nationally chartered banks reported total profits ot US$3.O billion (Sss.l billion) in the first quarter, down 10 per cent from earnings of US$3.3 billion in the same quarter of 1990, the Office of the Comptroller of the Currency said. The 3,950 national banks
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      • Article
        Deutsche Bank denies rumours
        75 6 FRANKFURT The Deutsche Bank officially denied on Wednesday that four senior employees had been involved in insider trading, rejecting rumours which pushed its share price down. The Frankfurt bourse had been affected all day on Wednesday by rumours following the publication of a report in financial
        75 words
      • Article
        No plans to sell piecemeal
        77 6 NEW YORK The New York State Insurance Department said there are no current plans to sell First Executive Corp's Executive Life Insurance Co of New York piece by piece but that that approach has not been ruled out. The company was placed in Rehabilitation on
        77 words
    • Article, Illustration
      Lock icon Citicorp to raise US$2b in new capital this year
      615 6 Reuter PARIS Citicorp aims to raise about US$4 billion (about Ss7.l billion) in new capital by the end of 1992, including US$2 billion (553.5 billion) this year, and is planning to sell 15 per cent of its credit card business, chairman
      Reuter  -  615 words
    • Article, Illustration
      Lock icon Help for Moscow to set up investment bank
      374 6 Reuter THE HAGUE The European Bank for Reconstruction and Development (EBRD) has signed an agreement with the State Bank of the Soviet Union for a new investment bank, EBRD president Jacques Attali said on Wednesday. "We signed yesterday an agreement with the
      Reuter  -  374 words
    • Article
      Lock icon Shanghai bank with Sino-French backers opens
      147 6 AFP SHANGHAI The first bank financed with both French and Chinese capital, the Shanghai Associated Finance Co Ltd (SAFCO), was inaugurated here on Wednesday, its backers announced. SAFCO's US$2O million (Ss34 million) in capital is 50 per cent held by the French bank Societe
      AFP  -  147 words
    • Article
      Lock icon US thrifts post US$627m profits
      300 6 Reuter WASHINGTON US savings and loans still operating in the private sector made profits of US$627 million (SSI billion) in the first quarter of 1991, the first i profit for the industry since the first quarter of 1987, the Office of Thrift Supervision (OTS) said.
      Reuter  -  300 words
    • Article
      Lock icon China streamlines rules for foreign banks
      326 6 Reuter BEIJING China's central bank has published a new set of streamlined regulations making it easier for foreign banks to establish representative offices in China, Chinese officials say. According to revised rules published by the People's Bank of China, foreign banks are no longer
      Reuter  -  326 words
    • Article
      Lock icon Hambros keeps bad debt provisions well below average
      307 6 Reuter LONDON Merchant banking group Hambros pic has kept its bad debt provisions well below the average for Britain's big banks thanks to what the company said was a cautious lending policy set down in the mid-1980s. "This reflects a stringent application
      Reuter  -  307 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      132 6 Fly First Class or Business Class with Qantas to Australia You may enjoy your accommodation privileges anytime and we'll gladly put you up for 2 nights at Australia's before 31 March 1992, whenever you fly Qantas to Australia, best hotels. You'll also be pleased to know that these As our
      132 words
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      Page 6 Advertisements Column 2
      142 6 UNPARALLELED OPPORTUNITIES FOR THE INFORMED Sources and information to help you present and sell your products or services in Kuwait For free details send your name and fax number to Singapore Fax 737-5530 So you want a LAW DEGREE? PUBLIC TALK: IMilpMMd&l Singapore Institute of Dr. Mvint Soe Commerce offers
      142 words
  • Page 6 Miscellaneous
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  • THE REGION
    • Article, Illustration
      Lock icon Malaysia's new economic plan expected to focus on growth
      550 7 Reuter KUALA LUMPUR Malaysia is expected to stress economic growth rather than wealth distribution along racial lines when it unveils a replacement for a controversial 20-year social engineering plan next week. However, quotas to guarantee ethnic Malays a 30 per cent
      Reuter  -  550 words
    • Article
      Lock icon KL to coordinate efforts in rebutting GSP petition
      483 7 Bernama KUALA LUMPUR The Malaysian Cabinet on Wednesday directed three ministries to coordinate efforts in rebutting a petition pressing for the withdrawal of Malaysia's Generalised System of Preference (GSP) privileges. Acting Human Resources Minister Datuk Lee Kim Sai said the Ministries of
      Bernama  -  483 words
    • Article
      Lock icon Jakarta to get US$4.75b in global aid
      375 7 AFP THE HAGUE Indonesia's international aid donors agreed on Wednesday to provide aid totalling U554.75 billion (about SSB.4 billion) to Jakarta in 1991, according to a statement issued at the end of their annual meeting here. The amount was 5.5 per cent more
      AFP  -  375 words
    • Article
      Lock icon Manila to seek new loans from creditors
      269 7 Reuter MANILA The Philippines will try to secure new loans and debt relief from its commercial and official creditors in separate talks next week while it tries to allay fears of a proposed ceiling on debt repayments. Finance Secretary Jesus Estanislao and Central
      Reuter  -  269 words
    • Article
      Lock icon China wants to invest in Malaysian property sector
      310 7 Bernama KUALA LUMPUR China sees great potential in investing in Malaysia's property sector, visiting Chinese Deputy Minister of Construction Tan Qinglian says. For a start, the China State Construction and Engineering Corp would look at the possibility of investing in small residential
      Bernama  -  310 words
    • NOTE BOOK
      • Article
        Manila eases rules on entry of foreign capital
        78 7 MANILA President Corazon Aquino signed into law yesterday a Foreign Investment Act, easing restrictions on the entry of foreign capital, which she said would create new jobs and solve the Philippines' balance of payments problems. The law authorises full foreign ownership to
        78 words
      • Article
        Indonesian industrial exports up
        94 7 JAKARTA Indonesia's exports of industrial products amounted to US$l2.l billion (about 5521.4 billion) last year, up 8.4 per cent from 1989, Minister of Industry Hartarto said on Wednesday. "The export value accounted for 47.14 per cent of the country's total export earnings of U5525.7 billion last
        94 words
      • Article
        Philippine reserves hit high
        77 7 MANILA The Philippines' gross international reserves have reached a 42-year high at U553.34 billion (about 555.9 billion). The Central Bank had been buying US dollars strongly in the local market to boost its reserves as the peso strengthened against the greenback. In spite of rising reserves,
        77 words
      • Article
        Indonesia expects more tourists
        68 7 JAKARTA A total of 590,315 tourists visited Indonesia in the first four months of Visit Indonesia Year this year. Tourism, Post and Telecommunications Minister Susilo Sudarman said the figure was encouraging, adding that the government had initially feared that the Gulf War would have a negative
        68 words
      • Article
        Japan extends Myanmar aid
        83 7 BANGKOK Japan extended on Wednesday three billion yen (about 5537.9 million) in debt relief aid to Myanmar, Radio Rangoon said on Wednesday. The agreement was signed at the Burmese Ministry of Trade and Finance by Japan's ambassador to Myanmar, Tomoya Nagamurawa. and the director-general of the
        83 words
      • Article
        Thai-Cambodian trading posts
        86 7 BANGKOK Two 16-year-old black market sites between Thailand and Cambodia will be closed this weekend when two official cross-border trading posts open tomorrow. The trading posts in the Phnom Penh-controlled town of Poi Pet and Thai town of Klong Luk in Aranyaprathet will be opened at the
        86 words
      • Article
        HK taxi-drivers go on strike
        58 7 HONGKONG Hongkong taxi-drivers staged a fourhour strike on Wednesday to try to win baek a small surcharge levied to help offset higher fuel costs triggered by the Gulf War. But the strike, which began after most workers had returned to their offices after lunch and
        58 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      174 7 BUSINESS^^TIN^^S TELEPHONE. 7io■s9U/S 1 0 2 < 9 4 2 FAX 714-4*82 I MB Germany's leading bank requires for Its Regional Head Office In Singapore a CREDIT OFFICER/ANALYST The main activities Involve evaluation of credit applications/reports from our Asian branch network and controlling their compliance with valid rules and regulations
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      Page 7 Advertisements Column 2
      127 7 SOME OF OUR BEST DISHES I ARENTONTHEMENU. Our new Chef is a real master in the New Wave Cantonese cooking now the rage in Hong Kong. And being creative at heart, he an onginate dishes on-the-spot based on his experience and talent of how each ingredient can blend with others
      127 words
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  • THE WORLD 1
    • Article, Illustration
      Lock icon UN gives green light to release frozen Iraqi assets
      493 8 Move to allow Baghdad to buy essential supplies Reuter UNITED NATIONS The UN Security Council's sanctions committee has decided that 31 countries could release more than U553.75 billion (556.68 billion) in Iraqi assets frozen in their banks to enable Baghdad to
      Reuter  -  493 words
    • Article
      Lock icon Bangladesh's latest budget expecting 5.7pc growth
      280 8 AFP DHAKA Bangladesh's 1991-92 budget, unveiled on Wednesday, is hoping for a healthy annual growth rate of 5.7 per cent but Bangladeshis were still warned of the need for short-term sacrifices. In a speech to Parliament. Finance Minister Saifur Rahman said the new budget
      AFP  -  280 words
    • Article, Illustration
      Lock icon Baker defends MFN extension for China
      507 8 Reuter WASHINGTON The Bush administration, facing angry congressional opposition, has heatedly defended trade benefits for China but has told Beijing that any arms sales to Syria and Pakistan could adversely affect US ties. American Secretary of State James Baker told a Senate panel on
      Reuter  -  507 words
    • Article
      Lock icon Wholesale prices in Japan resumed rise in May
      350 8 AFP TOKYO Japan's wholesale prices resumed rising last month with the overall index climbing 0.1 per cent from the previous month and 0.6 per cent from a year earlier, the Bank of Japan said yesterday. It said the increase from April, when
      AFP  -  350 words
    • Article
      Lock icon Beijing's stockpile problem worsening
      329 8 AP BEIJING Chinese warehouses. bulging with billions of dollars worth of household appliances and other consumer goods, had to make room for even more unsold products this year. According to the China Daily on Wednesday, the Ministry of Commerce said that the huge mountains of overstocked
      AP  -  329 words
    • Article
      Lock icon Japanese firms to tread carefully into Europe
      544 8 Reuter TOKYO Fears of protectionism may prompt Japanese companies to tread softly, but the lure of a single market will ensure that Europe is still going to get a growing share of their direct investment funds. "Europe will continue to increase its share
      Reuter  -  544 words
    • Article, Illustration
      Lock icon Latest trade figures show worsening UK economy
      397 9 Current account deficit almost double original estimate Reuter LONDON Revised government figures on Wednesday showed Britain's trade was twice as deep in the red in the first three months of this year as had been thought. The statistics did nothing to help a
      Reuter  -  397 words
    • Article
      Lock icon Grim outlook for E German economy
      350 9 UPI BONN Western Germany's strong economic growth will slow down in the second half of this year, while the eastern German economy will continue its downward slide, the Federal Association of German Banks said in a report issued on Wednesday. A government-commis-sioned report, released
      UPI  -  350 words
    • Article, Illustration
      Gorbachev goes to the polls
      40 9 Soviet President Mikhail Gorbachev was among the tens of millions of voters who turned out to elect a Russian Federation president on Wednesday. The first unofficial results trickling in showed radical leader Boris \eltsin ahead.
      40 words
    • Article
      Lock icon UK amends stand on takeovers by foreign companies
      307 9 FT LONDON A change in the British government's approach to UK acquisitions by foreign state-controlled companies was outlined on Wednesday by Peter Lilley, the UK Trade and Industry Secretary. In spite of reiterating his commitment to his policy for preventing "nationalisation by
      FT  -  307 words
    • Article
      Lock icon World Bank boosts loans to Eastern Europe
      473 9 NYT WASHINGTON The World Bank has announced that it has greatly increased its assistance to six formerly Communist countries in Eastern Europe with loans that will total US$2.9 billion (555.16 billion) by the end of the month. This figure was higher than what
      NYT  -  473 words
    • Article
      Lock icon Joint team drafts plan to rescue Soviet economy
      687 9 FT MOSCOW The Soviet and US presidents will in the next few days be presented with a plan aimed at integrating the Soviet Union into the world economy. The plan, designed to attract Western aid of US$2O billion (5535.6 billion) to US$35
      FT  -  687 words
    • Article
      Lock icon Guarantees unlikely to ease shortages
      350 9 Reuter WASHINGTON The agricultural loan guarantees that US President George Bush has awarded Moscow will help US farmers but will do little to put much-needed food on Soviet shelves, say farm economists and experts. The While House said on I uesdav that it was awarding
      Reuter  -  350 words
    • WORLD WATCH
      • Article
        US backs Soviet association with IMF
        117 9 WASHINGTON The US wants the Soviet Union to become a "special associate" of the International Monetary Fund so that it can draw on the IMF's expertise in reforming its economy, said US Treasury Undersecretary David Mulford on Wednesday. He welcomed Moscow's recent eiTorts to
        117 words
      • Article
        China issues copyright rules
        90 9 BEIJING China has issued its first regulations to protect foreign copyrights for computer software, the Xinhua News Agency reported yesterday. The regulations will go into effect from Oct 1. The 40-article regulations would stipulate that computer software be protected for Chinese citizens and institutions and foreigners,
        90 words
      • Article
        Korean car export figures out
        91 9 SEOUL The South Korean automotive industry exported 136.424 vehicles, mostly cars, between January and May. up 39.2 per cent from the same period last year. The Trade and Industry Ministry reported on Wednesday that in May alone, the industry exported 32.919 vehicles, up 166.2 percent
        91 words
      • Article
        Shev brushes off party probe
        111 9 VIENNA Former Soviet foreign minister Eduard Shevardnadze has brushed otT a Soviet Communist Party investigation into his call for a new democratic party and has warned again of the threat of dictatorship. "It was a reaction I expected. To a certain extent it is a
        111 words
      • Article
        Bonn approves pact with Poland
        92 9 BONN The German government approved on Wednesday a historic agreement on cooperation and friendly relations with Poland, which Foreign Minister Hans-Dietrich Genscher has said is one of the most important treaties Germany reached in recent years. The agreement covers the final confirmation of the German-Polish
        92 words
      • Article
        Warning for Slovenia
        84 9 BUDAPEST Yugoslavia's Federal Prime Minister. Ante Markovic. warned the Slovenian republic on Wednesday that it will eause a nationwide economic collapse and a "social explosion" if it secedes from Yugosla\ ia. saying the West will withhold billions of dollars required for economic revitalisation. But. Slovenian Prime Minister
        84 words
      • Article
        Need to tackle problems
        67 9 JOHANNESBURG Socio-economic uplift in South Africa needs to be addressed urgently before the creation of a new Constitution, says the influential South African Chamber of Business. The business body, representing some 35.000 South African businesses, said in a document on a future South African Constitution released
        67 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      169 8 Avoid information overload Vital news and analysis in 15 minutes in the style of the US Presidential news briefing. News you need: fast, first, dependable. Report From America Special From japan Special on Defence Further free information from Singapore Fax 737-5530 Hr I. ™-fglAf f i 1 JPJ p fBR
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      Page 8 Advertisements Column 2
      77 8 mmmmm mmmmmwww EXPORT ENQUIRIES WELCOME Tested by NUS Dept of Pharmacology and Medicine, SISIR, Prince Leopold Institute of Tropical Medicine Belgium, University Ghent Belgium, Ghana Standard Board FTY: PREMASAI SDN BHD MKTG: PREMACOM TRADING 38 SUNSET VIEW, SINGAPORE 2159, TEL *****66 FAX *****76 Distributed in Canada, Europe, Africa, Mexico Malaysia
      77 words
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      68 9 me 2kg. Heavyweight Superb clarity with paper white VGA display (640 x 480 resolution). 80C286 Performance (12 MHz) Big Bxlo inch screen, with 16 shades of grey. Full sized keyboard with separate cursor keys. Fast 20 MB hard disk drive (23ms). SHARP SHARP CORPORATION JAPAN l)«-al«-»v h S\slfins Id: JW
      68 words
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  • Article
    Hotels: Taking the long view
    437 10 EDITORIAL EVEN AS hotel construction continues apace with 7.0(H) rooms to be added to the inventory by 1994. there is understandable and growing concern that Singapore is going to face a problem of plenty. Hoteliers have already expressed some anxiety in this regard. A glut
    437 words
  • WHAT THE OTHERS SAY
    • Article
      A glimmer of hope
      231 10 AFRICA is on the move, politically. The fact was recognised at the Organisation of African Unity summit in Nigeria last week, when Ugandan President Yoweri Museveni, the outgoing chairman, said that "the establishment of democracy is a necessary condition for stable economic development". Africa's political evolution
      231 words
    • Article
      Self-help approach
      116 10 IN HIS opening speech at the Majlis Pusat leadership camp. Deputy Prime Minister BG Lee Hsien Loong announced the much-awaited Si.7 million government subsidy to help the Malays. The amount would never be enough, he said, reiterating the philosophy of self-help and clear goals to uplift, the Malay
      116 words
    • Article
      Be more enthusiastic
      137 10 NON-ENGLISH stream grassroots leaders must first remove the psyehological barrier in language usage if they are to reflect grassroots views effectively. In grassroots organisations such as residents' committees, those Chinese-educated leaders who have a "setback" syndrome may feel that their views are not being highly regarded because
      137 words
  • REGIONAL VIEWPOINTS
    • Article
      May the best win ... fairly
      146 10 May the best win fairly IE ALL parties involved in the 1992 Indonesian polls obey the election law and sincerely take the polls as part of the democratic infrastructure and a means of educating people, no party is expected to lodge any protests. Without huge rallies, the parties will reach
      146 words
    • Article
      Water body the best bet
      189 10 I Ml. Cabinet agreement to the setting up of a National Water Authority to plan, develop and manage water resources for the whole of Peninsular Malaysia whilst leaving it to the individual states to handle the sale and treatment of water to consumers will, hopefully,
      189 words
    • Article
      Speedy solution needed
      200 10 WHILE improving the Kuala Lumpur road system will take some time, a more immediate measure should be overhauling the bus and taxi system. Singapore's revamp of its bus services was a drastic measure but it worked. Singapore in effect nationalised all the bus companies on the island,
      200 words
  • Article, Illustration
    Lock icon India's political bodies face acid test
    1151 10  -  Barbara Crossette tells why the ongoing polls in India is a watershed for its ambitious leaders Barbara Crossette NYT AS VOTING resumed in India's most traumatic national election, the Congress Party and the democratic institutions it pledged to support half a century ago at
    NYT  -  1,151 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      264 10 CH NATIONAL UNIVERSITY OF SINGAPORE School of Building Estate Management presents three CONTINUING PROFESSIONAL DEVELOPMENT COURSES For real estate professionals executives involved in negotiating sales leases, managing apartments and marketing real estate. Courses 1. REAL ESTATE NEGOTIATING POWER Evening 3 5 July 1991 (7 9pm) OR Saturday 6 July 1991
      264 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      50 10 DOONESBURY BY GARRY TRUDEAU j- ,1 mfs Ht IT'S WSEa»J HOW'S YEAH. SHE IS KXJHAVe WSGOTA HAVING'MJCH 5 t Aiex?lS AFRAID US JO6ET POM. PO f— II 1 WAMTZ OOTHEKAUT AJV, YOU HAVE A r |JL PtfVME "W/* 6 HtXFATHtF. TIE PAT TUP PAPPY' JPUSTFVNP >TtPPIHC' rIOHTNOW. UT'THK Off 50ME7WN6*
      50 words
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  • ANALYSIS
    • Article
      Beware the hidden costs of govt subsidies
      1280 11 The case for supporting strategic industries is tempting indeed. But subsidy programmes can backfire, argues The Economist IN EASTERN Europe these days, the idea of the state as a guiding hand for industry goes down much better as a joke than as a
      1,280 words
    • Article, Illustration
      Jakarta beckons, S'poreans go
      1739 11  -  S'pore investors, who are flocking to Indonesia, are gaining a high profile, observes Yang Razali Kassim, who was there recently Yang Razali Kassim JAKARTA today seems to be bursting at the scams. Complaints about clogged telephone lines are getting more frequent. Traffic jams continue to annoy.
      1,739 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      162 11 iThe money coupon below is worth $20,000 in our BT Investment Race Contest #3. Cut it out and collect the a total value of $100,000. In the June 15, 1991 issue of Business Times, you wi 1 find a Contest Entry Form. On the Contest Entry Form, you will be
      162 words
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      Page 12 Advertisements Column 1
      229 12 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE I A I KIIK K-VS \iv f cnu®Aer s ...now on Fridays and Saturdays From now on, our Chinese Porridge Buffet will Ik served only on Fridays and Saturdays from 10.30pm to 3.30 am
      229 words
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      Page 12 Advertisements Column 2
      358 12 i lilt mi ii PLUM'S i mum minimi SEAFOOD EXTRAVAGANZA June 14th -30th 1991 I he ocean's catches are yours for the picking at Plum's. From clams to crabs, from squid to scallops, the choices are endless. In addition, there are even double return air tic kets with accommodation at
      358 words
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      Page 12 Advertisements Column 3
      396 12 The Ist Jigsaw Puzzle Competition 26 May-30June It's a giant battle of wits. A real brain-teaser! Five consecutive Sundays of fun jointly organized by Plaza Hatol and Tha Puzzle Shop. Join in the children's Individual Event (up to 11 yrs) or the Team Event (open to all). For just $12
      396 words
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      Page 12 Advertisements Column 4
      229 12 FATHER'S DAY 16 JUNE 1991 v(vV \^i\ vu FatK&X^IPT tke till. I M ftevoivmc IJUJJI (Mlg^tda^rr Restaurant |Q§GBM£ »»t»l flOO' ,-j For reservations, please call *****11 ext 721 jT111 (jfuwqwrr htfctnfcwd firm 131 Orchard Road Singapore 0923 Tel: *****11 ——■sssasss-sassMMmJ Where the service is good. H U the ambience great.
      229 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      887 12 TELEVISION AND RADIO lii 58C12 i:S S£Tm i business ON RADIO 1 I I make U P thcir differences ls Today ,n History. ■JC ***** U LI lw 1 A\_/ LIJ 7.00 AM CNN International (L). ruined when Blanche discov- 6.00 News. BBC, 89.9 mHz in VHF Band II 8.30
      887 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Dying Young survives rash of rumours
      1127 13  -  There have been question marks galore about the latest Julia Roberts movie about life and death (again). Julie Lew tries her hand at some of the answers Julie Lew NYT IF RUMOURS could edit movies, much of Dying Young, the Joel Schumacher film starring
      NYT  -  1,127 words
    • Article, Illustration
      Lock icon Once upon a tie — a talking point that's making less sense
      345 13  - Once upon a tie a talking point that's making less sense Woody Hochswender on a man's favourite quasi-phallic fashion statement Woody Hochswender NYT TIES used to say a lot about the man, but not in this era of wild ones. Head-spinning colours, Pucci-fied patterns, giant paisleys and all manner of
      NYT  -  345 words
    • Article, Illustration
      Prince Charles suffers acute back pain
      596 13 CHATTERBOX PRINCE CHARLES has given up polo temporarily, after suffering acute back pain. He was advised by his doctor to avoid violent exercise and has withdrawn from a match next Tuesday. A press report from London said he had given up polo until at
      596 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      308 13 AND ENTERTAIN r: -tv-,. c Curry Pot-Pourri Spice up your life with the flavours of exotic India at Cafe-in-the-Park from 8 June to 30 June 1991. Priced at $18.50++ per person. v J Lunch buffet from 12 noon to 2.30 pm. Dinner buffet from 7 to 10 pm. y\ i
      308 words
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      Page 13 Advertisements Column 2
      151 13 .J'atJie/i, 'A 9t)cvu iJjiecial AV at China China 16th June 1991 Happy Family Set for I 10 persons at $368+ 6 persons at $228+ TWF 4 persons at $148+ Complimentary 1 kg cake and fragrance for all dads. For reservations, please call 322-4228/9 You don't have to be a member
      151 words
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  • FOCUS
    • Article, Illustration
      A region that BASF cannot afford to ignore
      1257 14  -  German chemicals giant BASF is combing the Asia-Pacific region for investment opportunities. Its regional chief, Dr Hans Juergen Sturm, tells Genevieve Cua about his group's strategy to make Asia a major pillar of its future Genevieve Cua 1F DR HANS Juergen Sturm,
      1,257 words
    • Article, Illustration
      Magnet for foreign investments
      593 14 SINGAPORE'S petrochemical complex, once branded as a white elephant, is becoming a magnet for investments that promise to boost the local chemical industry to new heights. The complex on Pulau Ayer Merbau started under a pall of gloom in 1984. Today, feasibility studies for expansion by
      593 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      103 14 lANNOUNCEMENT J 5-DAY WEEK W.E.F. 1 JULY 1991 H We are pleased to inform all our valued clients, policyholders, agents/brokers H and business associates that with effect from 1 July 1991, we will be 3 operating with an additional working hour daily as follows:9 j -jar j 8.45 am to
      103 words
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      Page 14 Advertisements Column 2
      45 14 FAR EAST LEVINGSTOIN lUll SHIPBUILDING LTD FELS (A member of the Keppel Group) Change of name Please be informed that the name of the Company has been changed from Far EastLevingston Shipbuilding Limited to Far East Levingston Shipbuilding Limited with effect from 18 May 1991.
      45 words
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  • SPORTS
    • Article
      Lock icon US told not to let Reynolds compete
      460 15 AP MINGHAM. England The world governing body for track and field demanded on Wednesday that US track officials reverse their decision to allow Butch Reynolds to compete in this week's national championships in New York. In a strongly-worded statement, the International Amateur Athletics
      AP  -  460 words
    • Article, Illustration
      Lock icon Dance of the titans
      39 15 TOKYO Tutu-clad Hawaiian-born sumo champion Ronishiki (right) and grand champion Ifokutoumi dancing in a fancy-dress parade during an athletic meet held by the sumo association yesterday. About 800 wrestlers attended. Reuter picture Source: Reuter picture
      Source: Reuter picture  -  39 words
    • Article
      Lock icon Olympics must not be turned into circus
      182 15 AP BIRMINGHAM, England The head of the International Olympic Committee warned on Wednesday that the Games risked being turned into a circus unless commercialisation. greedy agents and the number of events were kept in check. "We must not let young athletes lose their
      AP  -  182 words
    • Article
      Lock icon Sampras' decision on Davis Cup
      374 15 Manager says it lias nothing to do with money AP NEWPORT, Rhode Island It's not a lack of patriotism or a pay cut that's keeping Pete Sampras off the Davis Cup team it's scheduling. Davis Cup veteran John McEnroe chastised Sampras, along with several other
      AP  -  374 words
    • Article, Illustration
      Lock icon Bulls beat Lakers for NBA title
      301 15 UPI INGLEWOOD, California The Chicago Bulls turned an eagerly awaited marquee series into a mini-series on Wednesday night when they downed the Los Angeles Lakers 108-101 to capture their first NBA championship. John Paxson. one of Michael Jordan's supporting cast, grabbed some of the
      UPI; Source: Reuter pictures  -  301 words
    • SIDE LINES
      • Article
        Davis Cup contenders from S'pore, HK to meet
        74 15 SINGAPORE Senior Minister of Defence Lee Boon Yang drew the names yesterday for the first singles of the Davis Cup tie between Singapore and Hongkong, due to begin this morning at the SICC courts. The draw pits Hongkong's second-ranked Colin Grant against
        74 words
      • Article
        Senna in jet ski mishap
        74 15 SAO PAULO Grand Prix racing champion Ayrton Senna fell off a jet ski and gashed his scalp at an ocean resort in southeastern Brazil. But Senna said the cut. which took 10 stitches to close, would not prevent him from racing in the Mexican Grand
        74 words
      • Article
        UK backs S Africa's return
        54 15 LONDON Britain on Wednesday backed the return of South Africa to international cricket in response to reforms to apartheid. Foreign Secretary Douglas Hurd said that after talks with the African National Congress and the South African Cricket Board, Britain would back South Africa's readmission to
        54 words
      • Article
        Navratilova: I'm not too old
        56 15 BIRMINGHAM. England Reigning Wimbledon champion Martina Navratilova is ready for another triumph on the grass-courts after serving notice here on Wednesday that at 34, she was not too old. The nine-times Wimbledon singles winner cut through Indonesia's Yayuk Basuki 6-2, 6-3 at the Dow Classic
        56 words
      • Article
        Lendl loses to Connell
        67 15 LONDON Ivan Lendl. who won the US$5OO,OOO (about SS885.000) Queens Club grass-court championship last year without dropping a set. tumbled first time out Wednesday when he lost 5-7, 6-3. 6-4 to Canadian Grant Connell. And American qualifier Mark Keil posted the biggest victory of his career
        67 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      1164 15 LIAN HUAT HANG FINANCE LIMITED (Incorporated in th» Republic of Singapore) Accounts for the year ended 31st December 1990 Note IMO 19M 4. HitdAMtU 9 9 Depreciation Fixed AmU 4 96.067 108.438 Accumulated Net Book charged Hire purchase and leasing debtors 5 3,123.505 3.395.960 Coat Depreciation Value for the year
      1,164 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Decline on Wall Street dampens sentiment here
      4871 16  -  By Chew Eng Han LIGHT selling pressure emerged on the local bourse yesterday after a sell-ofT in the Dow Jones Industrial Average on Wednesday. The Straits Times Industrials Index shed 5.17 points to close near the day's low at 1,536.67. Wall Street saw
      4,871 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4140 17 Main Board Metro Hldgs 620 15 +2 5% IMC HKS0.50 132 +12 +100% SI A 200 1370 +10 +0.7% Keppel Corpn 785 10 1.3% HleongFin 253 +10 +4.1% Causeway Wt 45Vi 5''i +13 8% HOB 685 +5 0.7% PCI 50* 180 +5 +2.9% 1MB Packaging
    4,140 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      434 18 Company Date Year Greup Net Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) *f% Causeway Inv Jun 12 Dec 90 S1 808*SI 864) 5 8(6 3) Inter Roller Jun 12 Dec 90 $2.457($1.408) 190(12 1) 10TE(10TE) Grand Central Jun U Dec 90 $11.060(*****) 17
      434 words
    • Article
      PRELIMINARY RESULTS
      165 18 Company Oat* Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) M Mosaics iun 12 Jan 91 MJ26,837($24.765) 5 7(10 6a) 5 5(4 9a) Mulpha Intl Iun 12 Dec 90 M$779(J20.616L) 0 1(—) GB Hldgs Jun 10 Mar 91 $9.951 ($13.105) 99(132a)
      165 words
    • Article
      INTERIM RESULTS
      155 18 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend ('000) Pacific Can Jun 3 Mar 91 $30(S68t> Van der Horst Jun 3 Mar 91 $1,517($1 836) KL Kepong May 31 Mar 91 M$45,437(154,588) NYA(5) Wearnes May 29 Mar 91 $21.878(J28.406) 7(7) C4C May 17 Mar 91
      155 words
    • Article
      CORPORATE DEVELOPMENTS
      511 18 June 12 Amcol Holdings Ltd has set up a new subsidiary in Johor Baru, Amcol Magnetic Sdn Bhd, to take over its entire cassette manufacturing operations in Singapore. Centrepoint Shopping Centre is to undergo a $4m face lift starting this month Fraser Neave is building a $470 m
      511 words
    • Article
      DIVIDENDS ANNOUNCED
      1107 18 Current Ex Books Date Total for Total for payment date close payable the year last year Aetna SITE Jun 5 Jun 17 Jul 1 101TE Amcol 25c 101 Jul 5 Jul 17 Jul 31 101 10% AMFP NYA(e) ion 19 Jul 4 Aug 15 NYA 28c Bolton 10%
      1,107 words
    • Article
      RESULTS DUE
      872 18 Main Board Last Full Year Conpany Penod Date Year Net EPS Gross Net announced ending (cents) dw profit last year ($000) Cerebos Interim Apr 27 Jui 91 126 20 OTE (a > 38,911 Spore Land Interim May 4 Dec 91 126 10 0 44 641(g) Avimo Interim )un
      872 words
    • Article
      APPROVED ISSUES
      429 18 Company Rights Issue Alcom One-for-two <a. MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares (CRPS) of M$0 10 each at MSI per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR for every 4 CRPS Ex-date Jun 7 Books close
      429 words
    • Article
      BONDS, LOANS & WARRANTS
      941 18 BONDS, LOANS WARRANTS Company Conversion period Conversion term for one ordinary share Bin* Wt Before 30/6/9* 1 warrant phis HK$100 cash C 4C Wt Before 26/4/93 1 warrant plus S3 09 cas h Causeway loan Causeway Wt 2 10 89 to 20 10/94 1 warrant plus $0 77 cash or
      941 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      1015 18 Prices as at 13.06.91 Conversion terms Premium/ Expiry 1 1 1 nr (discount) Amount Optional** using issued Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cashj Loan Date Mths units) stock ratio price nom Stk, Left value S Bur will 115 2 0 060 0
      1,015 words
    • Article
      PROPOSED ISSUES
      487 18 Company Rights Issue Bottort One for four (a M$2 00 pet share Issue of J90 978m nominal amount of 3 5% Redeemable Unsecured Guaranteed Bonds 1991 96 with *****m detachable warrants on the basis of $2 nominal amount of Bonds for every three elisting shares held Every $2
      487 words
    • Article
      COMPANY MEETINGS
      188 18 Berjaya Corpn (M) Bhd: EGM at the Banquet Room. Kelab Darul Ehsan. Taman Tun Abdul Razak, Jalan Kerja Air Lama, ***** Ampang Jaya. Selangor Darul Ehsan on Friday, Jun 14. at 10am Hotel Properties Ltd: 11th AGM at The Ballroom. Hilton International Singapore. 581 Orchard Road. Singapore 0923
      188 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares lose ground on weaker overseas markets
      4304 19 Bernama SHARE PRICES on the Kuala Lumpur stock market finished lower on lack of buying support and some profittaking. with sentiment affected by weaker trend on major overseas bourses. However, selective bargain hunting of index-linked stocks in the final minutes helped the KLSE
      Bernama  -  4,304 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      251 19 The Straits Times Weekly Overseas Editioa A crisp summary of happenings in Singapore. Politics, the economy investment opportunities^appointments... And snippets on Malaysia and Wmm Asean A convenient tabloid delivered toyoueveryweek,whereever x W you may 14. Subscribe now. Andbemtouch. The StraiteTimes > e im—— Making an issue of the major news
      251 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market rises sharply on bargain-hunting
      2235 20 Reuter TOKYO stocks shot up in the last half hour of trade to close sharply higher yesterday, boosted by bargain-hunting by investment trusts and securities houses, brokers said. The 225-share Nikkei Average closed 325.48 points or 1.33 per cent higher at 24,808.17, with 270 million
      Reuter  -  2,235 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Stocks gain ground but close off day's highs
      2088 20 HONGKONG stock prices yesterday ended firmer but ofT the day's highs with the blue-chip Hang Seng Index up 4.65 points at 3,632.55. The index fell back in the afternoon after a 35-point advance at midday. Brokers said trading was very dull with
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  • REGIONAL STOCK MARKETS
    • Lack of buyers depresses Aussie market
      • Article
        AUSTRALIA
        919 21 A VOLATILE Dow Jones and a lack of buyers pushed Australian shares lower in lacklustre trade yesterday. An ABS White broker said a sharply lower close on Wall Street prompted some selling here, while continued jitters over fixed interest markets and the Australian dollar kept buyers on the sidelines.
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      • Article
        BANGKOK
        791 21 SHARE PRICES moved downward in light trading on the Thai stock market yesterday, with investors taking a "wait-and-see" attitude because of domestic political problems. The Securities Exchange of Thailand (SET) index dropped 3.69 points to close at 811.00. "The market dropped because there were no supporting factors," said a
        791 words
      • Article
        JAKARTA
        626 21 JAKARTA stock trading yesterday was quiet in the absence of strong foreign interest, with total turnover falling to 2.65 million shares from Wednesday's 3.49 million. Most prices fell as investors continued to liquidate their positions, bringing the index 4.38 points down to 382.85. Sucaco ended at 10.300 after reaching
        626 words
      • Article
        MANILA
        446 21 MANILA share prices fell in featureless trading yesterday in the absence of positive developments but the market's underlying strength has prevented it from falling more sharply, brokers said. The Manila Stock Exchange Composite Index fell 8.53 points to close at 1.142.15. There was no trading on Wednesday, a holiday,
        446 words
      • Article
        TAIPEI
        476 21 IN TAIWAN, stocks traded narrowly yesterday as uncertainty about the direction of the market and a lack of news to stimulate activity kept many players sidelined. Turnover plunged to its low- est level in over four months. "We've been trapped in a range for the last couple of weeks
        476 words
      • Article
        SEOUL
        756 21 SHARE PRICES slid yesterday in scant trading on the Korea Stock Exchange. The Composite Index shed 0.91 points to finish at 610.05. Declines led advances by 304 to 160 among the 718 issues traded. Volume stood at 5,629,000 shares valued at 74.767 billion won. Meanwhile, the government announced measures
        756 words
      • Article
        NEW ZEALAND
        92 21 NEW ZEALAND shares ended the downward slide of the last two days to close barely changed in quiet trade yesterday. The Barclays Index ended 1.49 points down at 1,413.02, after losing 34.39 points over the last two days. Mr Tim Snedden of Buttle Wilson described the mood as
        92 words
      • Article
        BOMBAY
        84 21 BOMBAY share prices on Wednesday rallied on widespread speculative buying on reports of a low turnout in the second round of voting in the Indian general election. "The lower the polling, the better the chances of the Bharatiya Janata Party," broker Ramnik Parikh said. Low polling meant the lack
        84 words
      • Article
        Untitled
        158 21 Wellington NZ Cents Vo»T00) June 13 Air NZ 150 unch 1354 ANZ Banking 455 5 15 Bank Of NZ 67 2 9879 Baycorp 9 1 100 Brieriey Inv 114 1 ***** Carter Holt 150 3 ***** Cavalier 180 unch 140 Ceramco 124 I 28 Cityrealties 26 -f- I 22 Corp
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      • Article
        INDICES & TURNOVER
        89 21 INDICES TURNOVER Close Previous June 13 SYDNEY All Ordinaries Index 1.495.6 1.499.9 -4.3 All Industrials Index 2,3108 2.316.3 -5.5 All Resources Index 871.8 875.1 -3.3 Turnover (million) 291.52 106.73 +-184.79 BANGKOK SET Index 811.00 814.69 -369 Turnover (million baht) 2.800 2,700 100 JAKARTA Composite Index 382.85 387.23 -4.38 MANILA Composite
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      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        361 21 In local currency In S$ In LS$ day year day year day year June 12 Index change change change change change change World 409.8 -0.4 144 -0.5 10.9 -0.8 7.9 JEAFE 535.9 -0.3 14.0 -0.4 6.8 -0.8 3.9 Europe 438.6 -0.6 20.3 -1.1 5.1 -1.4
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  • WORLD STOCK MARKETS
    • Dow's fall cushioned by bargain hunting
      • Article, Illustration
        NEW YORK
        1261 22 RISING long-term interest rates, fears of renewed inflation and sell programs slashed New York stock prices on Wednesday. But the day's largest losses were softened by some bargain hunting late in the session and by the relatively low volume of trading. The Dow Jones Industrial Average closed down
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      • Article
        AMSTERDAM
        390 22 DUTCH SHARES on Wednesday closed at the day's lows after taking a late knock from Wall Street which opened lower as weak bond prices dampened sentiment for stocks. The CBS tendency index closed 0.3 point lower at 95.2 after moving in a narrow range of 95.4 to 95.6 for
        390 words
      • Article
        MILAN
        168 22 ITALIAN SHARES closed higher on Wednesday, with technical buying helping to boost prices, as trading volume swelled throughout the session. Brokers said a strong performance of Fiat group shares, driven higher by short-covering, helped boost the market as a whole. But other companies, especially Pirelli and those belonging to
        168 words
      • Article
        ZURICH
        226 22 SWISS SHARES closed lower in dull trade on Wednesday as investors either took profits or stayed on the sidelines. Dealers said the market lacked any new positive factors, while Wall Street's early losses weighed on an already tired market. The all-share SPI Index lost 8.5 points to 1,108.5 while
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      • Article, Illustration
        LONDON
        778 22 SHARE PRICES finished lower on London's Stock Exchange on Wednesday, depressed by investor disappointment over the absence of an interest rate cut. Dealers said prices weakened at the opening, after Tuesday's news that the Bank of England intended to lend to the sterling money market at 11.5 per cent
        778 words
      • Article
        FRANKFURT
        386 22 GERMAN SHARES eased 0.8 per cent on Wednesday, more than reversing Tuesday's gains. But dealers said they were unconcerned by the losses. The market was simply taking a breather after recent sharp gains. "The bourse is in very good shape," said Klaus Heintzen of Bankhaus Bethmann. "What we are
        386 words
      • Article
        PARIS
        165 22 THE Paris bourse slumped in afternoon trade on Wednesday, following a slide in bond prices which dealers attributed to a government decision to increase social security contributions. The CAC-40 index closed just under the psychological 1,850 level, shedding 25.70 points or 1.37 per cent to 1.849.11 and losing most
        165 words
      • Article
        BRUSSELS
        151 22 BELGIAN SHARES on Wednesday ended quietly mixed on a weaker undertone with lower foreign bourses weighing on prices. The BEL2O index closed down 0.16 points at 1,181.12 and volume totalled 736 million francs compared to 909 million on Tuesday. Most actively traded was retailer GIB ending four francs higher
        151 words
      • Article
        JOHANNESBURG
        404 22 SHARE PRICES in Johannesburg closed mixed on Wednesday, with gold shares pressured lower by further profittaking after strong gains recently while the rest of the market generally remained well bid, dealers said. Some investors decided to take profits while waiting for the next move in world bullion prices, they
        404 words
      • Article
        TORONTO
        207 22 TORONTO STOCKS closed moderately lower on Wednesday after a flood of news from the US Federal Reserve sent US and Canadian bonds tumbling, dealers said. The comments from the Fed officials erased any remaining hopes of an imminent cut in US interest rates. The TSE-300 closed off 14.1 to
        207 words
      • Article
        Untitled
        43 22 Vienna June 12 Asch Akg Holding 5400 151 E Allgem (PreO 3700 unch Jungbun/J 9910 40 Laenderbank (Pref 673 unch 1510 4 Leykam 461 3 Montana Oesterr Brau 4800 30 Semperit 121 4- 1 Steyr 405 2 Vettscher 725 4 Source: Austrian Laenderbank
        43 words
      • Article
        INDICES & TURNOVER
        83 22 INDICES TURNOVER NEW YORK Close Previous June 12 Dow Jones NYSF. Financial SAP 500 Turnover (million) 2,% 1.99 2,985.91 152.44 154 52 376.65 381.05 166.2 161.6 -23.92 -2.08 -4.40 4.6 LONDON Financial Times 30 FTSE 100 Turnover (million) 1,973.3 2.520.2 463.2 1.999.1 2.542.6 510.8 -17.8 -22.4 -47.6 AMSTERDAM CBS Tendency
        83 words
  • Page 22 Advertisements
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      34 22 For Home or Office deliveries of: Business Times, Straits Times, Sunday Times, LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotlines 740-1839. 740-1840: On target, chartpoint in BT on Saturday
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar breaks through key 1.8 mark level in Europe
      1167 23 REPORTS ASIA TOKYO: The US dollar closed higher against the yen but otY its highs in a day marked by dollar sales for yen by the Reserve Bank of Australia (RBA) and the Bank of Japan (BOJ). The market tried
      1,167 words
    • Article
      INTERBANK FOREX RATES
      402 23 Crass rates June 13 US* SS MS Dm Yen SFr AS NZS USS 1.79«0 2.7890 1.7915 141.85 0.6081 1.5305 1.3263 1.7452 SS 0.5583 1.5572 1.0003 0.7920 0.3395 0.8546 0.7405 0.9744 VIS 0.3586 64.22 0.6423 0.5086 0.2180 0.5488 0.4755 0.6257 Dm 0.5582 0.9997 1.5568 79.18 0.3394 0.8543 0.7403
      402 words
    • Article
      MONEY MARKET
      534 23 Interbank rates S$ Bid Offer Overnight 5 5 1/8 1-month 5 3/8 5 1/2 2-month 5 1/2 5 5/8 Vmonth 5 5/8 5 3/4 Overnight mode 5-1/8 ISS Rid Offer 7 days 5 15/16 6 1/16 1 month 6 1/16 6 3/16 2 months 6 1/8 6 1*4
      534 words
    • Article
      Lock icon Lira seen falling towards parity against mark
      438 23 Reuter MILAN The high-flying Italian lira could be ready for a slow descent towards its parity level against the mark within the European Monetary System (EMS) after a recent number of false starts, analysts and economists say. The lira was set at 743.65
      Reuter  -  438 words
    • Article
      Lock icon Too early for rouble stabilisation fund: US official
      222 23 Reuter WASHINGTON A senior US Treasury Department official said it was too early to talk about establishing a stabilisation fund to help the Soviet Union turn the rouble into a convertible currency. "The stabilisation fund may have a role at some point
      Reuter  -  222 words
    • Article
      FINANCIAL FUTURES
      1235 23 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Jun 91 93.74 93.75 93.72 93.72 2826 ***** uT? Sep 91 93 36 93.36 93.33 93.33 ***** ***** 7594 Dec 91 92.74 92.75 92.71 92.72 7200 ***** 4110 Mar 92 92.54 92.54 92.52 92.52 2018 8091 1090 Jun
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  • Page 23 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Soviet grain credit seen as supporting gold prices
      447 24 Reuter NEW YORK US gold prices should garner support from Washington's award of US$l.5 billion (552.55 billion) in grain buying credit to the Soviet Union, but metal prices are not expected to shoot dramatically higher, industry sources say. "The US extending credit
      Reuter  -  447 words
    • Article
      Lock icon Cocoa hits 16-month low
      254 24 Reuter NEW YORK Cocoa futures fell to the lowest levels in 16 months on continued bearish sentiment, and analysts say prices may slip further over the near term. "The ultimate lows in the cocoa market probably have not been reached," said Harri Schwartz, an analyst of
      Reuter  -  254 words
    • Article
      Tin price on KL market ends 5 sen higher
      802 24 REPORTS THE PRICE of tin rose another five sen to M 55.60 per kg on the Kuala Lumpur Tin Market yesterday on short covering and good buying demand from market operators. Dealers said the US$lO drop on the London Metal Exchange
      802 words
  • Article
    PRICES
    1402 24 Rubber June 13 HAS (W> >w >ab») S cents/kg Noon Close Int I RSS Prompt 146 50/147 SON 146 50/147. SON Int I RSS July 91 148.00/148.50 148.00/148.50 Int 1 RSS August 150.00/150.50 150.00/150.50 Int 2 RSS OP 146.50/148.50N 146.50/148.50N Int 3 RSS OP 144.75/146.75N 144 75/146 75N Int
    1,402 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      1421 24 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 IN THE MATTER Of THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF STAR-HOE PTE. LTD. (In NtemtMf*' Voluntary Liquidation) NOTICE Of SPECIAL AND ORDINARY RESOLUTIONS (Pursuant to Section 290(2)(b)) At an Extraordinary General Meeting of the Company held at 6 New Industrial
      1,421 words
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      Page 24 Advertisements Column 2
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1114 25 Ctty Flight ETA FligM ETO City FHgft t ETA Flight ETO kbu Dhabi GA976 0010 GA976 2310 GA890 GA970 0150 2245 Karachi SQ418 1815 Ma*** KUaKaUi UUC-) 1 i Ron rfwwini QF7 1815 nOU mltJDJIU MM DO 1 1 OZKJ iVirlOOU uyou Musis 1 umnur MH640
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  • THE TRAVEL PAGE
    • Article, Illustration
      The lawyers' pilgrimage
      541 25  -  POSTCARD FROM BRITTANY By Steven Greenhouse JEAN LE MAPILLAN, a lawyer from Nantes, trod solemnly through the cobbled streets of this medieval town, helping to carry a gilded reliquary that holds the skull of St Yves, the patron saint of lawyers. Although St Yves has as much
      541 words
    • Article
      MONEY CHANGER RATES
      153 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.240 1.3610 Canadian dollar I.SS5 I.S8S NZ dollar 1.015 1.045 Sterling pound 2.930 2.9600 US dollar 1.7870 1.7970 Local dollars to 100 units of foreign currency Austrian schilling 14.00 15.00
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      66 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel June 9-16 Poznan Poznan. Foil* *****1221 June 11-14 Maritime Offshore Skoyen. Norges Varemesse *****8080 International Poland Internationale nternatio orway Fair De Poznan Exhibition June 11-14 International Germany Mode-Woche 89/***** Conference rrade Fair Mumchen June 13-16 International Padua
      66 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      41 25 Kokkola? Ifs the real thing when you book Finnair. With a superb twice-weekly service from Singapore direct to Helsinki and then on to everywhere in Europe from Kokkola to Co-Copenhagen. Call *****77 for details. We know Europe frm start ti> Finnish
      41 words
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      Page 25 Advertisements Column 2
      49 25 One man, one woman and M W VA- V.V/A%\VVAV//.V%WAVVAViAV/iAVA-^^^^r PP- J y Edmund Chen Zhicai and Xiang Yuri have a new baby in jMfc fHHPHpr tWs 1 the house. I How does this change their relationship? |M^ <1 H> 1/ They tell all in our series on Couples. -^I^|
      49 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      247 25 5 A little stand is customari- 3 ly provided for sports hJ ■I H H H H 10 A swordsman paling be- LJ LbT U~-^U-U-y 11 To repeat: organise some I light entertainment(B) 12 22 must include a note for the printer(6) 14 Keeps immo18 Fighters delighted a riot's broken
      247 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      202 25 Singapore Outlook: Fair. Report: Maximum temperature 33.1 Assoc humidity 59% Minimum temperature.. 7.0" Assoc humidity 87% Hours of sunshine 10.35 Rainfall in mm... Nil Rainfall this month 90.5 Rainy days this month 5 World report Asia-Pacific Hi/Ivo* Cond. Auckland 16/10 Fair Bangkok 32/25 Showers Beijing 27/18 Showers Brunei 33/25 Showers
      202 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      22 25 bVI:| f S»GM 7 A eveball} NUSS C(KMP6£LL —M(? \CONPRONTfVTioN x MC 5giSTpW- wss J w j 944 ev€N»NCST*NOA«OCO ito mi mi
      22 words
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  • Article
    Buoyant first-quarter showing by oil companies
    452 26  -  Profits boosted by Gulf crisis By Lilian Ang OIL COMPANIES in Singapore raked in strong profits in the first quarter of this year, their figures fattened by the sharp rise in refining margins during the Gulf crisis. But less robust, though still strong, results
    452 words
  • Article
    Shell launches new trading company
    201 26 ANGLO-DUTCH oil group Shell will launch a new trading company today, in a move which underlines the importance of trading activities in the group's local operations. The new company, Shell International Eastern Trading Company (Sietco), will be responsible for trading key oil products such as
    201 words
  • Article
    Lock icon China says HK airport issue will affect '97 handover
    212 26 Reuter HONGKONG China has warned there will be little progress in arrangements for Beijing's resumption of sovereignty over Hongkong until Britain makes concessions to end political deadlock over the colony's proposed new airport. Argument over the planned port and airport complex
    Reuter  -  212 words
  • Article
    W German companies poised to make strong comeback
    275 26  -  By Rahita Elias WEST GERMANY, whose manufacturing investments in Singapore have been on the slide in the last couple of years, looks set to make a strong comeback this year. A clear indication of the strong increase in German investments was the
    275 words
  • Article
    Lock icon China, S Korea to sign trade pacts before sealing ties: reports
    293 26 AP Reuter SEOUL China and South Korea have agreed to sign several agreements to promote trade and investment even before they open formal diplomatic tics, local newspapers reported yesterday. The influential Chosun 11bo and two other newspapers, quoting South
    AP; Reuter  -  293 words
  • Article
    Lock icon S Korea moves to boost stock market
    216 26 Reuter SEOUL South Korea's Securities Supervisory Board announced a package of pump priming measures yesterday. designed to boost the sagging stock market. A Board official said that the measures included a recommendation to liberalise and open the bourse to foreign participation ahead of
    Reuter  -  216 words
  • Article
    Lock icon Johor may ask for body to study need for water authority
    222 26 Bernama JOHOR BAKU Johor may submit a counter proposal to the Federal government to have an independent commission study the need to set up the national water authority (LAN), approved by Cabinet recently. Chairman of the Public Works and
    Bernama  -  222 words
  • Article
    Trade with Indonesia grew by 7.9pc last year
    499 26  -  By Schutz Lee SINGAPORE-Indonesia trade something which the Singapore government does not publish figures of grew by 7.9 per cent to U553,174 billion (555.65 billion) last year, according to data supplied by the Indonesian Central Bureau of Statistics. Based on these figures,
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      8 26 Nikon The World's Finest Photographic Systems m sr--—
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      Page 26 Advertisements Column 2
      585 26 Nikon The World's Finest Photographic Systems §pTOTAl>ig One Conference the jg|||j intelligent Building Intelligentsia Cannot Miss m iH t In one conference, four international intelligent building projects: Osaka Business Park in Japan, c in conjunc ion wt Munich II Airport in Germany, Suntec City in Singapore and Bank Negara Indonesia
      585 words
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  • SHIPPING TIMES
    • Article
      Orient Express confident of S'pore-Madras trade
      459 27  -  By Magdalene Phang UNDAUNTED by the recent pull-out of two shipping lines in the Singapore-Madras trade, common carrier Orient Express Lines (OEL) is set to steam into the sector next week. An earlier report announced that German feeder operator Bengal Tiger Lines (BTL) is
      459 words
    • Article, Illustration
      Lock icon Hutchison Whampoa to buy Felixstowe port for 90m
      366 27 FT LONDON A Hongkong conglomerate, Hutchison Whampoa, headed by entrepreneur Li Ka-shing, is to buy Britain's biggest contain- er port for £90 million (*****.5 million). Hutchison is the majority shareholder in Hongkong International Terminals, the world's biggest privatelyowned container port. The Felixstowe
      FT  -  366 words
    • Article
      Lock icon Rolls-Royce outlook remains gloomy: analysts
      326 27 Reuter LONDON British aero engine maker Rolls-Royce pic was out in force at the Paris Air Show which began yesterday, but despite up-beat promotion of its newest engines, sentiment in the London headquarters remains gloomy. "They have to get through a very ditTicult year before
      Reuter  -  326 words
    • Article
      Lock icon Strong opposition to UN liner code plan
      330 27 Loyd's List I.ONDON A bid to impose restrictions on liner shipping's powerful non-con-ference operators looked to have failed at a key international conference in Geneva Proposals, put forward by Cote d'lvoire on behalf of a group of developing nations, to extend dramatically the
      Loyd's List  -  330 words
    • Article
      Abacus gets more than 1m bookings in May
      395 27  -  By Dexter Lee SINGAHORE-BASLD Abacus Distribution Systems, a specially tailored computerised airline reservations system (CRS) for the Asia-Pacific market, has secured more than one million bookings in May. A CRS is a one-stop reservations system which provides travel agents with access to
      395 words
    • Article
      Lock icon Venezuela to privatise airline on Sep 6, says Viasa chief
      232 27 UPI CARACAS, Venezuela THL first of two Venezuelan state-run airlines will be privatised by Sep 6, the president of Venezolana International de Aviation (Viasa) has announced. Eduardo Qumtero. the chief of Viasa, said on Tuesday that interested parties have until
      UPI  -  232 words
    • NEWS SUMMARY
      • Article
        Airbus steps up challenge
        61 27 AIRBUS Industrie, the European aircraft manufacturing consortium, is to start talks in September with a few airlines operating large fleets of Boeing 747 aircraft to define their requirements for jumbo airliners seating more than 600 passengers. The discussions will mark the latest stage in Airbus efforts
        61 words
      • Article
        Nedlloyd to sell Transavia stake
        56 27 KONINKLIJKE Nedlloyd Groep NV plans to sell its remaining 40 per cent stake in Transavia Airlines to KLM Royal Dutch Airlines for undisclosed terms, the two companies said. The sale would give KLM 80 per cent of Transavia. The remaining 20 per cent is owned
        56 words
      • Article
        EC starts full inquiry into Havilland buyout
        52 27 THE European Commission said it had opened a full-scale inquiry into plans by a FrancoItalian consortium to take over De Havilland. a commuter aircraft maker controlled by the Boeing Company because of doubts over the deal's impact on free competition in the industry
        52 words
      • Article
        TT Club launches safety campaign
        33 27 UK-BASED mutual insurance association, the Through Transport (TT) Club, has launched a campaign to promote awareness among its members of the perils in providing transportation services Back Page
        33 words
    • LOG BOOK
      • Article
        Qantas re-routes flights from volcano
        79 28 SYDNEY Australia's national flag-carrier Qantas re-routed flights to and from Hongkong yesterday to avoid clouds of ash from the volcano Mount Pinatubo in the Philippines. A spokesman for the airline said two flights from Hongkong to Australia and one outgoing flight were re-routed. Services to
        79 words
      • Article
        Boeing settles Aloha accident
        94 28 HONOLULU. Hawaii The pilot and co-pilot of an Aloha Airlines Boeing Co's 737 jetliner which lost a chunk of its fuselage in flight in 1988 have reached a damage settlement with representatives of Boeing, an attorney said. Honolulu attorney Kenneth Robbins, who represented pilot Robert Schornstheimer
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      • Article
        Spanish seamen on strike
        79 28 MADRID Spanish merchant seamen have begun a month of strikes in protest at alleged government plans to put flags of convenience on the merchant fleet. Unions called on 9,000 seamen to strike for four days when their ships reach port. Lines affected include ferry company Transmediterranea
        79 words
      • Article
        CAAC to buy five MD-82 jets
        108 28 BEIJING THE Civil Aviation Administration of China (CAAC) has contracted to buy five McDonnell Douglas Corp MD-82 jets assembled by the Shanghai Aviation Industrial Corp (SAIC), company officials said. Due for delivery in 1993, the 150-seat planes are part of a 10-jet production agreement
        108 words
      • Article
        Freightways defers rate rise
        83 28 MENLO PARK, California Consolidated Freightways lnc said its long-haul trucking subsidiary, CF Motor Freight, has postponed a rate increase which was scheduled to take effect on July 15. "While the trucking industry is in serious need of rate relief to restore margins to adequate levels, the
        83 words
    • Article
      DAILY FREIGHTS
      1163 28 THE FREIGHT market on Wednesday was buoyed by the White House decision that the Soviet Union was to receive the US$l.5 billion in grain credits it had requested. Brokers were taken by surprise by the timing of the announcement which had been expected anytime within the next four
      1,163 words
    • Article, Illustration
      Lock icon Airbus steps up challenge
      993 28  -  Airbus is taking a giant step to the development of a jumbo airliner. The project will involve about a half dozen airlines. Paul Betts looks at this challenge to Boeing Paul Betts FT AIRBUS Industrie, the European aircraft manufacturing consortium, is to start talks in September
      FT  -  993 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      616 28 Carbon Carbon June 10 OenstyWatcr Residue Ash Mumnwn Sediment DensrtyWater Residue Ash Alumnwn Sedenent M/M M/M Enon Enon KG/M*3% V/V M M M/M PPM method KG,M*3% V/V M M I M M PPM method SO/Cinuc Mts Spec ES ***** olo i* 010* Spec G35 ***** 18
      616 words
    • Article
      THE SHIPPING GUIDE
      10499 36 t his 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
      10,499 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        649 43 Vessel Voy No Berth Arrival OepartiM Vessel Voy No Berth Arrival Departue Keooei Wharves 7ST ZT K34 alongside 17 06/0600 Abtoay Worn 28WB K30 alongside 15 06/2200 Glorious 0c 07A02 K31 alongside 15 06/0700 i.Vean 5 03/91' K32 alongside 1306/1200 Trans Fjeii 89A Kll alongside 1306/1200 Wahe
        649 words
      • Article
        CONTAINER SCHEDULE
        1293 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookiif/Batance Rslts Ship Voy No Etb/Btr Period From To From W r |ka Biium 498N 14/1730 1 13/1500 13/1659 13/1900 id Adela.de ***** 15/1300 1 13/1500 13/1659 13/1900 3 14/0700 14/1159 14/1400 4 14/1200 14/1459 14/1700 Anson *****N 14/2359
        1,293 words
      • Article
        IN MALAYSIAN PORTS
        275 43 Pwm Port Berth in Butterworth on Juw 14: 1: Tihi, 2: Timber Trader VII; 3: Million No 3. Sang Thai Ruby; 4: ml; 5: Eagle Breeze, 6: ml. Penang Wharf: NB nil; CB: Cipta Raya; SB: ml. BCT: Bl nil; BN: ml; l/B: nil VOTP: ml. Due
        275 words
    • Article, Illustration
      Lock icon Nedlloyd to sell Transavia stake
      399 44 Reuter AMSTERDAM Koninklijke Nedlloyd Groep NV plans to sell its remaining 40 per cent stake in Transavia Airlines to KLM Royal Dutch Airlines for undisclosed terms, the two companies said. The sale would give KLM 80 per cent of Transavia. The remaining 20 per cent
      Reuter  -  399 words
    • Article
      Lock icon EC starts full inquiry into Havilland buyout
      211 44 Reuter URUSSKI-S The European Commission said it had opened a full-scale inquiry into plans by a Franco-Italian consortium to take over De Havilland, a commuter aircraft maker controlled by the Boeing Company because of doubts over the deal's impact on free competition in
      Reuter  -  211 words
    • Article
      Lock icon Danish shipyard wins order for new type of Panamax
      217 44 Reuter COPENHAGEN Danish shipyard Burmeister Wain Molding A/S (B W) said it has signed a 417 million crown contract with investment firm Difko for a new type of Panamax carrier for delivery in first half 1993. The double-hull BCTBS bulk carrier
      Reuter  -  217 words
    • Article
      TT Club launches campaign to highlight perils in transport services
      192 44 UK-BASED mutual insurance association, the Through Transport (TT) Club, has launched a campaign to promote awareness among its members of the perils in providing transportation services. The club is printing a series of illustrations highlighting some of the more common
      192 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      209 27 S SINCE HENG METAL CO PIE LTD U. TOA3 AVE U. 3INGA#>O«E TELEX H3 206/# TEL: 061 M 55 TELEFAX Ml V«< SY\ I tfcv. bit ACtKT ft* I'll' lilts. torfctfl* Eom 1 I'Ttl-T-] I' j |ll| knwJOknM Hfl T<vqu« tM»rgv malaymj Commit* iiiAiutno, Otwd LPO rim irrnri 'lanrcwaii X
      209 words
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      Page 27 Advertisements Column 2
      28 27 Container Schedule 17 Darty fre«ghts 2 Inde* to Advertisers 3 Shipping Guide 10.11 Ships in Port 1/ Singapore Tides 17 Veritas Report 2 Weather and Sea Gondituns 17
      28 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      56 28 APPOINTMENTS International Freight Forwarder requires 1. MARKETING EXECUTIVE GCE 'O' or 'A' level Min. 1-2 years experience in cargo canvassing 2. COORDINATOR Customer Services GCE *0' level Min. 1 year experience in a forwarding company Apply with full particulars, photo, salary expected and tel. no. to: The Advertiser inbtooo Road
      56 words
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  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      2374 29 mroiik shipping ActNcits 200 Cantonment Road #12 05 Southpoint. Sincapore 0208 \llllr *****11 TELEX NO RS 241/9 WIIIIIW TERMINAL/CFS Tel *****18 220 rßmil BOOKINGS Tel *****34 258 L. VWW J PESAKA JARDINE SNIPPING AGENCIES SON BHD >ORT KELANG TEL *****18 TELEX NO MA394//MA39/01 ■■■■I PENANG TEL *****4 TELEX NO MA*****
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      Page 29 Advertisements Column 2
      1172 29 INDEX TO ADVERTISERS |l Page Col Page Col I I M ~~1 ABC Containerlinc 12 1 M+ R Frwdg 13 1/2 Accord Group 8 1-3 Mac-Nels Agencies 14 1/2 Aeropak Express 9 5 Macoline 18 3 AFS 15 2 Madju Sdn Bhd 15 1/2 Ahrenkiel Liner 16 4 •MaerskLine 3
      1,172 words
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      Page 29 Advertisements Column 3
      2282 29 ■qimmi TWO SAILIN6S PER WEEK TO OSA SINGAPORE/TACOMA 18 DAYS ETD WEEKLY TOESDAY AND WEDNESOAY SINGAPORE/LONG REACH 19 DAYS Voy ETA ETD -Port -Pen«n B Slngap.3<« DESTINATIONS Tn«t Mink 9106 Feeder by 18/e 0600 HRS M Pinto CFS 17/8 2368 MRS OAK IGB HOU MEM ATL MIA CMS BAL PHL
      2,282 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1223 30 Irottedam/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE LONDON EXPRESS 02/123 14/6 6/7 5/7 3/7 KITANO 08/323 16/6 7/7 5/7 4/7 9/7 etfSKSI HAMBURG EXPRESS 03/124 20/6 11/7 9/7 8/7 AJJ. WCSTftOOND P HANNOVER EXPRESS 03/324 23/6 10/7 12/7 T5/7 16/7 KiUUW KNMtt GAMO KATSURAGI 06/125 27/6 13/7
      1,223 words
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      Page 30 Advertisements Column 2
      637 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I 2304E 30/6 12/7 14/7 20/7 AISO ACCEPTING CARGO VIA SUVA TO LAUTONA. PAGO PAGO. APIA t NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP CLX (PERU) SEASPAC I 2304E 30/6 2/8 3/8 6/8 7/8 Agents llHl SINGAPORE: *****11 Jardine Shipping
      637 words
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      Page 30 Advertisements Column 3
      1464 30 REGULAR MDEPENOENT FULL CONTAINER SERVICE WESTBOUND FOB EUROPE Wl/VOt sw ALG BCI HAM OR{ ROT MIT Ftt LHA m (VIA (VIA Alg) HAM I ROT) X^tL¥^!, 9 «H 4 3 i 5/06 04/07 03/07 07/07 08/07 °9/07 10/07 11/07 12/07 J 21/06 12/07 14/07 17/07 IS/07 19/07 20/07 21/07 22/07
      1,464 words
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  • Page 31 Advertisements
    • Advertisement
      Page 31 Advertisements Column 1
      2230 31 Maritime Holdings Ltd W y PftrOflTJV STRAITS SHIPPING VHiXW j Singapore to BmMi, East Malaysia, ww Containers iuv i mum Voy No Ptn Pkl S poft Alg Sou Anl Rot Ht>| lIYIRPOOL BAY 0530 OS OS 10.06 15 Ob 02/07 04 0706 07 ACCEPTS D« SAILS 1(0* MAIRSK 9108 15
      2,230 words
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      Page 31 Advertisements Column 2
      2904 31 g- 'x-X-.: v- >*&*&&. y > jj*^^ TO: U.S.A./PANAMA FM: U.S.AiPANAMA V OM IGB C«l FOB S«V NO* NYC WfC NW SAV C«1 ICS OAK V SINGAPORE SfNATO* (EMI It/t 11/J 13/7 it/1 H I M/ 7 M/ 7 Ji •■A B l/» J/5 5/S 10/S li/S M/( ATLANTIC SENATOR
      2,904 words
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  • Page 32 Advertisements
    • Advertisement
      Page 32 Advertisements Column 1
      610 32 CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE Kl VOI SPORf ROM ADAM H'BUIG BREMEN »NI*ERP MATMAM im 20 S 22*1 27/7 31/7 3/1 SftlMim 32M8 11/7 19/J 25,S 29 8 2.9 KUTW23W 25/1 2«/9 1/10 610 10/10 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subpart to Inducamanl Also accepting cargo
      610 words
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      Page 32 Advertisements Column 2
      1112 32 i$L i£ HANJIN SHIPPING HANIIN ROTTFRDAM 014W "w T7 T? T; 7 FEED€R V f SIN LINE HAUL IGB OAK unm SI SmS W'f. y7 7 XI 11/7 it 7 c HANIIN FELIXSTOWE 008£ 18/6 DIRECT 8/7 11/7 HANIIN SINGAPORE 002E 1/7 DIRECT 22/7 25/7 HANJIN OAKLAND 013H JU b
      1,112 words
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      Page 32 Advertisements Column 3
      1450 32 m%w=m=r?rzr?r=r=rT^\ ■■■A M f L I 4 mJ _J k JWQ~MB 11 I 1 R < IPKL SGP HKG KSG RIG PUS MKT OSK NGT SMZ TYO LAX CHS BAL NTC LHV ANN ROM TW *G PSD CUB PKI SGP I f aim tt 033 12 15/t »/< 21/6 22/6
      1,450 words
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  • Page 33 Advertisements
    • Advertisement
      Page 33 Advertisements Column 1
      1595 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: NEPTUNE LINK TEL: *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 mt MM AUST/INDIA/PAK SERVICE *****18 CFS: K27 EXPORT: *****53/*****04 FAR EAST SERVICE *****48 CFS: K27 IMPORT: *****69/*****50 NEPLINE SON BHD MALAYSIA K.L.-(03) *****33,
      1,595 words
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      Page 33 Advertisements Column 2
      543 33 j/ Int. Multi-Modal Forwarder SEAFREIGHT BOOKNGS: 222 0717 S&m A AIRFREIGHT BOOKNGS: 545 4255 wSm ®rCwlnUi/ M FAX: **********7968 [ASTON IUROnmM J, INDIA CZECHOSLOVAKIA 16/6 N COLOMBO 17/6 HUNGARY 16/6 BOMBAY 186 ROMANIA 16/6 KARACHI 18/6 YUGOSLAVIA 17/6 MADRAS 166 BULGARIA 16/6 CHITTAGONG 19 6 < il CALCUTTA 17 /6
      543 words
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      Page 33 Advertisements Column 3
      1025 33 m 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 EASTBOUfC—DfSCHAfiGHC WESTBOUND—LOADING TRANSHffED VIA ROTTERDAM i wssiis soy pS [»u H«g ior Is* ISu [hk
      1,025 words
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  • Page 34 Advertisements
    • Advertisement
      Page 34 Advertisements Column 1
      1835 34 W AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) I V TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 I I I M MALAYSIA "K" UNE MARITIME (MALAYSIA) SDN BHD LJkJi rnML Mmji JL X M-J TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA LTD INDONESIA:
      1,835 words
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      Page 34 Advertisements Column 2
      1236 34 PHIU-ORICNT UN€S PT€ LTD 108 ROBINSON ROAD #07 00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 Kf BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 16 JUN MONTREAL. OTTAWA. TORONTO VANCOUVER. S WESTERN ONTARIO 18
      1,236 words
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  • Page 35 Advertisements
    • Advertisement
      Page 35 Advertisements Column 1
      1626 35 gjaaPf 'Jf PACIFIC INTERNATIONAL LINES (PTE) LTD JBmipil Building. 140 Cecil Street #03-00, Singapore 0106. {JAKARTA I iBANGKOK I j VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN EQUATOR MAS 07N 18/6 18/6 23/8 INGENUITY 137N 15/8 18/8 21/8 BUNQA TERATAI 243 18/8 18/8 23/8 KOTA PANJANQ 9117
      1,626 words
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      Page 35 Advertisements Column 2
      709 35 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint I<L% Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE R0T t ERDAV S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERVANY'SCAN SWEDEN Seiardia* TH 8/7 IQ/7 n/7 Benaldef 196 11/7 12/7
      709 words
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      Page 35 Advertisements Column 3
      411 35 RK\ 4.5V4 CONTAINER SERVICE Spore B>on" Ingenuity VI37N IS Jun 1819 Jun Pegasus Progress V672N 19-20 iun 22-23 iun Ingenuity VI3BN 21-22 Jun 25-26 iun Pegasus Progress 673N 25-26 Jun 28-29 Jun General Agents: Tel: *****22 Ben Line Agencies (S) Pte Ltd Far *****63 f r I (National Carrier of
      411 words
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      Page 35 Advertisements Column 4
      446 35 Mk MYANMA PA nVE STAR UNE v\ (Myanmar National Line) Loading for Yangon (Rangoon) S pore P.KIg Pen P Gdg AVA VIO9W 20/22 )un 23/24 tun PINY A VII6W 4/7 Jut, -g> THE BAHK LINE (A ••rvlc* of Andrew Weir Shipping) V\ SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I EXPRESS TO
      446 words
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  • Page 38 Advertisements
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      Page 38 Advertisements Column 1
      787 38 TO AUSTRALIA/NEW ZEALAND 'S» |Ff*m ;M«* Isvd [iucii InpE Ip CHUM C VEHOIME 272 14 t 22 6 l?l 6 71 7 7 577 ANTWMfEN 271 ITt 5 7 10/7 14/7 20/7 23/7 Til MAMTHA II 275 S I 12 I lt/S 19 I 25/1 27 I ill ELLEN HUOtC
      787 words
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      Page 38 Advertisements Column 2
      1322 38 EXPORTS TO HONGKONG TAIWAN 1 lAPAN TWICE WEEKLY MALACCA STRAiIS FEEDER SERVICE OUTBOUNO VOY PKL PNG IKT SIN HKG KAO KEE TYO SMZ NGO HOB VESSEL VOY SIN PKL PNC BLW SIN TSK MELODY 26 *7 6 "10 6 15 6 20 6 25 6 26 1 27 6 EQUATOR
      1,322 words
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      Page 38 Advertisements Column 3
      1628 38 'iifi T® is is a]\ CHINA OCEAN SHIPPIN6 COMPANY FULL CONTAINER LINER SERVICE 2. MISTRI ROAD. HMC BUILDING TEL *****00 #15 00, SINGAPORE 0207 TELEX: RS ***** COSHIP CR NO **********0 M FAX *****66 CABLE COSTARLINE General Agents: OOSTAR SHIPPING PTE LTD FROM HOMO KONO AND CHINA ttSitl/VOY SGP HKG
      1,628 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      976 39 UKC CONVENTIONAL SERVICE Ve»«e4 PKL PNG PG Loadm| lor A VESSEL 28 06 Rotterdam Antweip CHINA FULL CONTAINER SERVICE Vttid SGP PKL BKK HKG QIN SHA YANGFANGKOU 153 05/7 03/7 09/7 15/7 18/7 YANGFANGKOU 155 05 8 03/8 09 8 15/8 18 8 «rto Kctptmf c|« lot <■ chwM wtt
      976 words
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      Page 39 Advertisements Column 2
      376 39 (S RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL *****33 (12 Lines) m FAX: *****15/*****03 fti TELEX: RS ***** RISHIP (3 Lines) irgA ETHIOPIAN SHIPPING LINES y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOADING FOR SPORE ANOINET 24 »VB 20 07 DARES SAL AAM MOMBASA
      376 words
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      Page 39 Advertisements Column 3
      618 39 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA STORE PORT HUANG PENANG BLUE lAOC 23 6 loading lor Mate ftINAI HUOHU 30 6 loading tor Calcutta DOLPHIN 30 6 loading For Male PIONEER SUPREME 20 6 18 6 loading For OONAKULM m Pt loaded For Feliwaru PROGRESS
      618 words
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      Page 39 Advertisements Column 4
      402 39 SYDNEY/MELBOURNE BANGKOK reset [dot mm sro ma. l*mi Iwt smurm wwbkok PIYA BHUM 0905 20 21/6 03-5/7 07-1/7 W«HT* Bt«JM 45N Sun 16/6 Wed 19/6 PLANETA H>so 5-6/7 18-20/7 22 2«/7 CHAIYA BHUM#* 14N Mw 17/6 Thur 20/6 PtYA BHUM 1106 20 21/7 02 4/1 06-8/8 lENLIN* 58N Wed 19/6
      402 words
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      Page 39 Advertisements Column 5
      437 39 TICER-UflE VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SIN MAA SIN TIGER STAR 162N 16-16/06 20-22/06 2S-28/06 TIGER BAY 163N 19 20/06 25-27/06 03-03/07 KURILSK 162 A 22-23/06 29-01/07 07-07/07 VSL VOY SINGAPORE/CALCUTT A/SMGAPORE VESSEL VOY SIN CAL SIN LHOTSE 403 14-14/06 20-22/06 28-29/06 EAGLE CAPE 012 19-20/06 26-28/06 04-04/07
      437 words
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  • Page 40 Advertisements
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      Page 40 Advertisements Column 1
      1704 40 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH &i PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON. BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIY AUCK LVT MAHSURI 0598 25 lun 7 Jul Via NPI 9
      1,704 words
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      Page 40 Advertisements Column 2
      802 40 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 BgRVICEB *****58 (BOOKING UNEB) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL VOY ETI OEST VESSEL VOY ETA PEST
      802 words
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      Page 40 Advertisements Column 3
      396 40 NVOCC FRATA CONTAINER LINES ARE PROUD TO OFFER OUR CONSOLIDATIONS TO A WIDER VARIETY OF PORTS. PORTS FREQUENCY MTH ETA SIN TRANSIT TIME AUCKLANO 3 SAILINGS 25/06 14 DAYS BANGKOK 4 SAILINGS 18/06 3 DAYS CHITTAGONG 4 SAILINGS 5 DAYS COLOMBO 3 SAILINGS 15/06 5 DAYS DUBAI (UAf) 3 SAILINGS
      396 words
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      807 41 IN|te«v COMPANIA PERUANA \ESJL DE VAPORES 'PERUVIAN STATE LINE" ACCEPTING BREAKBUIK FCL/SOC CARGOES 10/ FROM CALIAO MATARANI 110* OTHER PERUVIAN PORTS* WllH T S AT KOBE ON CPV THROUGH BILL OF LADING Penanj* P KeUng Singapore E'Msia SHAPVAtVEMTT In Pt 16 lun 17/19 tun KAMAIEVERETT 27 29 lun 30 lun.
      807 words
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      Page 41 Advertisements Column 2
      562 41 VSL VOY SPOOL MAINLINER LA» KST SAV |NYC HEX ZNI MELBOURNE" 2121 lb 6" |Si PUSAN 14 7 21 1 26 I IM/7 30 7 m KOPfR 15t 28 6 m CAtIfORNIA 24 J 2 8 5 8 7 8 8 JIM KAOHSIUNG IJOC 9 7 JiM CANADA 10 8
      562 words
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      Page 41 Advertisements Column 3
      709 41 V MULTI-MODE SNIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI DAMMAN SHARJAH DOHA MUSCAT BAHRAIN ABU DHABI BANDAR ABBAS JEDOAH FAR EAST ACCEPTING FCL/LCL PCNANG. P KELANG JAKARTA. BANGKOK HONG KONG TAIWAN JAPAN MANILA KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON FELIXSTOWE LEEDS. TILBURY ABERDEEN IE HARVE HAMBURG ROTTERDAM ANTWEP GOTHENBURG COPENHAGEN
      709 words
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      Page 41 Advertisements Column 4
      608 41 dU I'ERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBV MELITA 09/91 13/06 16/06 JATIDIRI 936 15/06 18/06 MELITA 11/91 19/06 22/06 JATIDIRI 937 22/06 25/06 MELITA 13/91 24/06 27/06 TANTO UTAMA 171 16/06 19/06 TANTO UTAMA 173 24/06 27/06 TANTO UTAMA 175
      608 words
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      Page 41 Advertisements Column 5
      411 41 SHI FW EAST 16/6 KEELUNG/KAOHSIUNG 17/6 BANGKOK 15/6 MANILA/CEBU 15/6 JAKARTA, BELAWAN/SURABAYA 15/6 PORT KELANG/PENANG/E. Malaysia 18/6 BUSAN 16/6 TOKYO/YOKO/KOBE NGO/OSA 17/6 HONG KONG SIN CHINA 17/6 GUANGZHOU/HUANGPU, SHENZHEN FUZHOU/ XIAMEN SHANTOU DALIAN SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIM EUROPE/UK 17/6 LDN/FLX/LVP/SOU 17/6 RDM/HAM/ANT, LE HAVRE/GENOA/OSLO also accepting cargo
      411 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      1053 42 ViVi PGSL -WORLDWIDE PANAMA -GLOBE STEAMERS LINES REGULAR FCL SERVICE TO THE FOLLOWING PORTS SOOTH Santos Rio Grande Rio De laneiro. Foctalefd AMERICA Montevideo (Uruguay) Butnos Aires (Argentina) Chile Braul all ports LCL/FCL SANTOS BUENOS AIRES LCL/FCL COLOMBO VESSEL VOY ETA SIN RABELAIS V 08PRI 20/6/91 FCL/LCL SERVICE TO SOUTHERN
      1,053 words
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      Page 42 Advertisements Column 2
      611 42 SHIPPING CORP. SDN BHD LfXfrW PT KLANG TEL 03 *****06 |6 llml FAX *****11 PENANG TEL 04 *****9 SMN TEL 089 *****2 SI BU TEL 064 *****2 TAWAU TEL 069 *****9 KK TEL 088 *****0 KUCH TEL 082 *****3 M'SIA TO USA/CANADA CONTAINER SERVICE FCHXR VOY PtN PKI SIN L»
      611 words
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      Page 42 Advertisements Column 3
      454 42 CUJ! conmnv inTEßmonni\ PLCL/FCL SERVICE f |m| |S| W CWI operate* over 600 terminals/offlcet in U.S.A. I II m OUJ! maintain* over 35,000 Iractors A truck*. II iflßl M CUM**"" over 60,000 points in U.S.A. I— I g CUJI offer reliebte LCI/FCL services. X. General Aqentt PENANG KL: alliedlink SINGAPORE:
      454 words
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      Page 42 Advertisements Column 4
      469 42 MANILA ETA VIGOUR SINGAPOUR 2W> [^6 VIGOUR PACIFIC 39N3 777 BANGKOK 14 619 6 BUSAN 14 622 6 HQNGKCNG U6 21 6 DUPBAN PI LOUiS 19 6 4 7 KEELUNG 16 623 6 USA 176 24 6 PT KELANG '.4 621 6 KOBE 16 623 6 J: b OSAKA 19
      469 words
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  • Page 43 Advertisements
    • Advertisement
      Page 43 Advertisements Column 1
      686 43 MORE FREQUENT FUGHIS WORLDWIDE NEW ZEALAND/FUI I VESSEL )kt PKf 'Pen *B)<k Sin Sbaya Aucklar»d Fij»(A) N Plymouth (A) Timaru Lyttelton(B) Dunedin(B) Napier W«#nfton(C) Taurmja N Rosano/9114 18/6 20/6 20,6 20 6 22 6 25 6 87 31 7 10 7 11/7 12/7 12,7 13/7 13 7 15 N Rochester
      686 words
  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      322 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 *****100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 JR 34 31 26 19 12 0.7 04 02 03 06 1.2 1.9 2.3 2.5 2.5 22 1
      322 words
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  • Page 44 Advertisements
    • Advertisement
      Page 44 Advertisements Column 1
      702 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST FEfDCR VOY m RUE SW LW HALA. DOT LBH OAK StA LM HAUL WJT TCM/gA PTI MMG CHUN 126 16/06 17/06 19/96 H PWttR HE 15/07 11/07 21/07 HARBOUR BRfcU 49€
      702 words
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      Page 44 Advertisements Column 2
      176 44 ■;,N|Ji,%i PASIR GUDANG SINGAPORE CONTAINER SERVICE Name Of Vessel: "JOSINDO SATU" PASIR QUOANG SINGAPORE El* 2100 m% ETD 0700 MRS ETA IXM HIS 007S 14/ C 15/S IS/S 008$ 17/1 11/f II 6 009S 21/6 22/6 22 6 OXOS 24/6 25 6 25 6 OUS 28 6 29 6 »f
      176 words
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      Page 44 Advertisements Column 3
      520 44 CHARTPOINT Every Saturday in Business Times EXPOR^O^ UK/CONTINENT (TRIO) -—■-.S MH fsvSi I von HWC IW IH I Nl *V I (Pro* (TOSS 02,123 14/1 4/7 HI 1/7 Mtw*ni U Mw* tnntwfcm. 0* H*w», n.'MW 0« 371 11,1 1/7 S/7 l/» bmm*vm Utonm IB 13 IW 21,1 11/7 1/7 1/7
      520 words
  • Page 44 Miscellaneous