The Business Times, 19 September 1991

Total Pages: 44
1 44 The Business Times
  • 9 1 BusinessTimes MCI (P) 16/12/90 Thursday, September 19, 1991 75*
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  • NEWS SUMMARY
    • 41 1 SEOUL North Korean leader Kim II Sung is prepared for the first time to talk to South Korean President Roh Tae Woo, South Korea's domestic Yonhap news agency said yesterday.
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    • 42 1 WASHINGTON US housing starts rose 0.6 per cent in August after a 3.7 per cent rise in July, the US Commerce Department said yesterday. Analysts had generally expected a slight decline in housing starts last month.
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    • 31 1 JAPAN'S Penta-Ocean and Singapore contractor Koon Construction have jointly clinched a $117 million deal to reclaim 69 hectares of land between Sentosa and Buran Darat Page 2
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    • 30 1 PRESIDENT Corazon Aquino is risking a constitutional crisis and impeachment charges in her fight to keep US troops in the Philippines without a bases treaty Page 7
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    • 46 1 MALAYSIA is still suffering from an acute cement shortage in spite of the lifting of the import duties on cement last Aug 15 and the assurance by manufacturers that their production was more than enough to meet local demand. Page 7
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    • 33 1 THE economic integration of unified Germany will take longer than expected, says Dr Henning Voscherau, the president of the Bundesrat (Upper House of Parliament) and first mayor of Hamburg. Page 8
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    • 20 1 MAKING the Made-in-Singa-pore label a success abroad is not impossible, but it won't be easy Page 15
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    • 34 1 SCIENTISTS are finding out that almost anyone, irrespective of age, can be subject to job-related back problems even if all you do is sit at a desk all day Page 15
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    • 40 1 IN A BID to cover rising costs, 14 carriers trading the Far East-Persian route have decided to impose a terminal handling charge on shipments between Singapore and Persian Gulf ports from Oct 1. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 41 1 WALL STREET prices headed lower yesterday morning as traders kept an eye on news from the Middle East. The Dow Jones average of 30 industrials dropped 9.39 points to 3,003.80 at 1430 GMT, in the first hour of trading.
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    • 24 1 LONDON share prices were higher at midday yesterday. At 1114 GMT, the broad-based FTSE 100-Share Index was up 10.0 points at 2,604.4.
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    • 30 1 NATIONAL carrier Neptune Orient Lines is raising AS2OO million (SS27O million) to finance two of the three new container vessels which it ordered last December. Page 3
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    • 47 1 TUAN SING Holdings' net earnings dropped by 27 per cent to $936,000 for the first half ended June 30, in spite of a slight rise in turnover. Subsidiary SPP also suffered a drop in net earnings to $638,000 from $763,000 previously Page 3
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    • 49 1 JARDINE Matheson Holdings Ltd will make a cash offer of HK535.31 a share to shareholders who own less than 400 shares in a move aimed at cutting administration expenses and helping small shareholders previously unable to sell their shares because of high dealing costs Page 3
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 679.17 -4.53 Kuala Lumpui ....529.30 -7.02 Tokyo 23,317.78 -125.83 Hongkong 3,900.48 -38.23 Sydney 1,553.7 -2.2 Tuesday Change New York 3,013.19 -2.02 London 2,594.4 -11.6
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    • 13 1 Exchange rates USS SS 1.6915 100 Yen SS 1.2633 MS SS 0.6151
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    • 37 1 London Gold AM fix US$348.00 USS 1.85 Rubber Spore Oct.... 135.25«/kg +50 M'sia Oct 222.00*/kg -1 KLTfa Turnover 70 tonnes +32 Spot MS 15.02/leg -0.08 Crude oalnt ol Turnover 1288 lots +293 Oct MS790 /tonne -11
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  • 427 1  -  By Joseph Rajendran SINGAPORE Seagate, the world's largest disk drive manufacturer, has no plans to layoff workers in Singapore. On the contrary, it hopes to add about 250 people by the end of the year to its current workforce here of
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  • 192 1 SINGAPORE The insid-er-trading hearing against Alliance Technology and Development deputy chairman Chwee Meng Chong has been adjourned until Oct 9 to allow defence lawyers to seek instructions from him. The Subordinate Court yesterday granted a request by Mr Chwee's lawyers, Robert H W
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  • 97 1 BONNO HYLKEMA, Philips Singapore's former chief, whips out Singapore's 25th anniversary booklet, a glitzy gold magazine stuffed with posters and familiar slogans. "It is amazing,** he muses as he recites one slogan after another, page after page. "But, you know, these slogans have taken on meaning
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  • 143 1 JAKARTA Bank Duta has denied it suffered losses in the foreign exchange trading before it issued shares on the stock market. According to a Jakarta Post report, lawyers representing Bank Duta and PT Mitra Duta Sekuritas, the bank's lead underwriter, told a
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  • 325 1 AP WASHINGTON The White House has confirmed that the US is sending military air support to Saudi Arabia as a precautionary move after NBC News reported that America is prepared to renew an attack on Iraq, perhaps
    AP  -  325 words
  • 405 1  -  By Schutz Lee SINGAPORE Top civil servants of Singapore and the US are working towards the conclusion of a bilateral framework agreement by Oct 11, a target set to coincide with a planned visit by US Trade Representative Carla Hills. If
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  • 177 1 SINGAPORE Riding on the greenback's weakness against major currencies, the Singapore dollar surged to another new high against the US dollar yesterday. The Singapore dollar was traded to an all-time high of 551.6910 against the greenback at about 3pm yesterday, breaking the record of
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  • Page 1 Advertisements
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    • 3 1 See Page 11
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    • 93 1 mrani 0 transportation 7 services CROWN^BRCITIC 36 Pioneer Rood Singapore 2262 Fax: 862 2840 Tlx: RS ***** CRWNPAC Tel: 861 6818 SUCCUMB TO THE EXQUISITE PLEASURES There is no greater joy m dining than the taste of Hong Kong style refined Cantonese cuisine at Grand Pavilion. Connoisseurs agree. Our chefs
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  • HOME NEWS
    • NEWS ROUNDUP
      • 119 2 THE CONSUMER PRICE INDEX (CPI) for August was unchanged from July. Lower prices of food and clothing were offset by higher costs of transport and communications and other miscellaneous items. The costs of transport and communications rose by 0.4 per cent with more expensive cars
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      • 58 2 A DELEGATION of the French Senate's "France-Southeast Asia Friendship Group" ends its four-day visit to Singapore tomorrow. The delegation is led by Jean Cherioux, senator of Paris and chairman of the friendship group, and includes four other senators and one Senate official. The visit is part of
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      • 47 2 PETER 800, managing director of Material Handling Engineering, has been elected president of the Association of Small and Medium Enterprises at its sth annual general meeting over the weekend. Mr 800 replaces Leong Chun Loong, managing director of Solar Engineers Co.
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      • 37 2 SINGAPORE TELECOM is co-sponsoring Singpex Youth 91, a national stamp exhibition organised by the Association of Singapore Philatelists. The exhibition will be held at the Singapore Conference Hall from Sep 19 to 22.
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      • 67 2 THE SINGAPORE ARMED FORCES is reorganising the Infantry Training Depot (ITD) and the School of Basic Military Training (SBMT) into three Brigade Training Schools (BTS) for the conduct of Basic Military Training. The Minister for Defence, Dr Yeo Ning Hong, announced the reorganisation yesterday. The change,
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      • 43 2 THE SINGAPORE CIVIL DEFENCE FORCE has grown to its current strength of 105,000 officers and men since it was set up nine years ago. Of this, 65,000 are reservists, according to the Minister for Home Affairs, Professor S Jayakumar.
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      • 31 2 THE SINGAPORE ZOOLOGICAL GARDENS will host the 46th annual conference of the International Union of Directors of Zoological Gardens from Sep 30 to Oct 3.
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    • 276 2  -  By Sangeeta Muichand A JAPANESE-SINGAPORE joint venture has clinched a $117 million deal to reclaim 69 hectares of land between Sentosa and Buran Darat. Japanese Penta-Ocean and local contractor Koon Construction submitted the "lowest acceptable bid" of seven received, a Sentosa Development
      276 words
    • 165 2 PM wants multicultural representation at Sculpture Garden PRIME MINISTER Goh Chok Tong is inviting the Malay and Indian communities to donate sculptures that portray their community's legendary heroes or depict their community's culture and values. Speaking at the unveiling ceremony of the sculptures of eight Chinese
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    • 98 2 SINGAPORE'S role as a trading hub will grow as the Asia-Pacific economies expand, said Senior Parliamentary Secretary (Information and the Arts) Ho Kah Leong yesterday. Mr Ho, who is also the MP for Jurong, was speaking at the ground-breaking ceremony for an Inchcape ware-, house
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    • 379 2  -  By Carolyn Lim SINGAPORE'S first offshore power station on Pulau Seraya will triple its electricity output by 1996, making it the Republic's biggest supplier of power. By then, the station on the southern island will generate 2,250 MW of electricity, enough to
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  • Page 2 Advertisements
    • 291 2 TUC actaXT MALAYSIAN SSHSw JUUKMAL SDN BHD jointly present an International Conference on L lf |||ksiAN I H\\\l, INFRASTRUCTURE M\\\\\n| 'rmß* DEVELOPMENT M\\\ ECONOMIC GROWTH ji Towards the Pacific Century 1 lhi Challenges Opportunities W/X October Bth and 9th 1991 Kuala Lumpur Hilton The robust economic growth in Asia-Pacific present
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    • 403 2 HsPHlfi mWmz nm i]*^®^^iiihhmi^l ;< raKsj mAIBCX '91 The Ninth Malaysian Building Exhibition Putra World Trade Centre, Kuala Lumpur, Malaysia. 25 28 September 1991 AP You must not miss this cornerstone in the building industry. MAI BIT *91 is THE place to lay your foundation and seat your deals If
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  • COMPANY NEWS 1
    • 324 3  -  By Quak Hiang Whai SINGAPORE National carrier Neptune Orient Lines Ltd is raising AS2OO million (SS27O million) to finance two new container vessels which it ordered last December. Westpac Singapore and Westpac Sydney have arranged a syndicated loan to fund NOL's purchase.
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    • 334 3 Bernama KUALA LUMPUR TDM Bhd plans to raise its paid-up capital. to about MSIOO million (SS6I million) from Mss4 million at present under its two-phase restructuring scheme aimed at strengthening the company's earnings base, executive chairman Mohamed Adib Haji Awang Noh said
      Bernama  -  334 words
    • 169 3 SINGAPORE Neptune Orient Lines Ltd has sold one of its older containerships for US$4l million (5569.7 million) to an undisclosed European buyer. The national carrier, which is renewing its fleet, has sold the five-year-old Neptune Garnet but has chartered it back for several years
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    • 131 3 SINGAPORE The facade of UOB Plaza is changing dally as the huge project makes a growing Impact on the skyline of Singapore's financial district Expected to be completed by the middle of next year, the plaza comprises a tower block, a six-storey podium block and the
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    • 204 3 SINGAPORE Cold Storage Malaysia Bhd has achieved a four-fold rise in interim group net earnings to M 5580,000 (*****,000) because of better margins in its manufacturing division. Cold Storage, in which Singapore group Cycle Carriage Ltd has a 43 per cent stake, recently closed
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    • 381 3 Reuter HONGKONG Jardine Matheson Holdings Ltd said it would make a cash offer of HK535.31 (557.70) a share to shareholders who own less than 400 shales. The offer was to cut administration expenses and help small shareholders previously unable to sell their shares due
      Reuter  -  381 words
    • 324 3  -  By Elaine Koh SINGAPORE The net earnings of Tuan Sing Holdings fell 27 per cent to $936,000 for the half-year to June 30 in spite of a 7 per cent rise in turnover to $37.79 million. Tuan Sing, controlled by Indonesian businessman TK
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    • 208 3 Reuter KUALA LUMPUR Malaysia Mining Corp Bhd said it would take an effective 44 per cent stake in a firm set up by a Japanese-Malaysian group to start a gas utility venture in Malaysia. In a reply to a Kuala Lumpur Stock Exchange
      Reuter  -  208 words
    • COMPANY BRIEFS
      • 108 3 KUALA LUMPUR Oriental Holdings Bhd, the motor, hotels and plantations group, achieved a group pre-tax profit of M$ 112.49 million (5569.74 million) for the half year ended June 30, just one per cent higher than the Msl 11.40 million seen a year earlier.
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      • 72 3 KUALA LUMPUR Malaysia plans to privatise its nationalßemama news agency as part of efforts to make it profitable. The Economic Planning Unit, responsible for Malaysia's privatisation programme, was studying the terms of reference for divesting the government's stake in the agency, Bernama Quoted Information Minister Mohamad
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      • 78 3 KUALA LUMPUR Paramount Corp has slipped into the red, posting a group net loss of M 5318,000 (SS 197,200) in the interim period against net earnings of M 5299,000 a year earlier. This was in spite of a 38 per cent rise in turnover to M$
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      • 81 3 KUALA LUMPUR G K Goh Holdings Ltd has completed the purchase of a 30 per cent stake in Straits Securities Sdn Bhd (formerly Chuaco Securities Melaka Sdn Bhd), and has been admitted as a corporate member of the Kuala Lumpur Stock Exchange. GK Goh's total
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      • 74 3 SINGAPORE SBC Enterprises Ltd has awarded a $20* million contract to the International Printing Division of the Times Publishing Group to produce 8 Days and RTV Times, both leisure and entertainment magazines. Typesetting of the: magazines will be done by Times Graphics, while printing and
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    • COMPANY BRIEFS
      • 92 4 HONGKONG Emperor Investments has sold 26.6 per cent of investment holding company Rose International to Cathay City International for HKS 112.86 million (5524.6 million). Cathay City has entered into an agreement with Emperor and a wholly-owned subsidiary, Golden Emperor, to buy 94.05 million shares in
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      • 84 4 J TOKYO Japan's Nissho Iwai Corp has announced that its subsidiary in London has signed a business tie-up agreement with Surgutgasprom of the Soviet Union. The accord called for Nissho Iwai UK Ltd to provide equipment necessary to increase the output of the Soviet natural
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      • 71 4 PERTH A group of Aborigines in Western Australia have begun a court bid to stop the giant Yakabindie nickel project which they say would destroy sacred sites. The Ngalia Aboriginal Heritage Council filed documents on Tuesday with the Supreme Court here aimed at seeking an
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      • 109 4 TOKYO Komatsu Ltd has lowered its planned capital investment in the year to March 31 next year to between 43 billion yen (***** million) and 45 billion yen from a previous 48 billion yen. A company spokesman said yesterday that sales at the world's second largest
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      • 62 4 SYDNEY Pacific Dunlop Ltd said yesterday it will buy all shares in food group Petersville Sleigh Ltd that it does not already own when its takeover bid closes. Pacific Dunlop said it owned more than 90 per cent of Petersville's ordinary shares and
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    • 213 4 Reuter MELBOURNE Western Miniag Corp Holdings Ltd said it has entered "into an agreement with Finnish metals group Outokumpu Metals and. Resources Oy to develop the Mqunt Keith nickel project in Western Aastralia on a 50:50 »-—J— mm. WMC said the agreement depends oa
      Reuter  -  213 words
    • 516 4  -  Group profit suffers 40pc drop for year ended in June From Selwyn Parker in AUCKLAND LINDSAY FERGUSON is said to have quit as Magnum Corp's managing director and chief executive because of a series of underperforming investments. Under Mr Ferguson, Magnum had
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    • 321 4 BANGKOK The Stock Exchange of Thailand (SET) will introduce a regulation prohibiting major shareholders in quoted firms from selling their shares in the companies for six to 12 months after the shares are listed, the Bangkok Post reported recently. SET president Maruey
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    • 283 4 JAKARTA Indonesian oil company Pertamina expects to face difficulties in getting loans from foreign financial institutions to finance various large-scale projects, the Jakarta Post reported recently. The state-owned company's president, Faisal Abda'oe, said: "It is not easy now to get loans for project financing
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    • 537 4 Tokyo firm aims for first direct deal with republic NYT TOKYO Japanese trading houses are scrambling for direct access to the emerging Soviet republics, turning their backs op Soviet Federal au'thoritie* Chori Co rare metals section -manager Shigeo Nakamurtf .is to leave for
      NYT  -  537 words
    • 462 5 FT LONDON Williams Holdings, the UK industrial conglomerate, on Tuesday launched a £703 million (552.08 billion) hostile takeover bid for Racal Electronics, the British defence and data communications company which Sir Ernest Harrison has chaired for more than 25 years. The all-share
      FT  -  462 words
    • 350 5 NYT NEW YORK Campeau Corp, the Canadian parent company that saw its major department stores in the United States go into bankruptcy this year, on Monday announced an agreement that would turn its largest creditor into its largest shareholder and could lead to
      NYT  -  350 words
    • 138 5 Reuter IRVINE, California Western Digital Corp said a lawsuit brought against it by Amstrad pic is unfounded and it will vigorously defend against the action. Western Digital said it may file a counterclaim against Amstrad to recover unspecified sums spent in
      Reuter  -  138 words
    • COMPANY BRIEFS
      • 101 5 LONDON UK food retailer Tesco pic said it expected to continue solid profit growth throughout the year despite the effects of recession. Tesco announced pre-tax profits 22 per cent higher in the 24 weeks to Aug 10 at £229.6 million (*****.3 million) after
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      • 73 5 LONDON Fisons pic, the pharmaceuticals and scientific equipment group, blamed a disruptive one-off US supply problem for limiting its first half profit rise to below analysts* forecasts. Pre-tax profits for the six months to end-June rose six per cent to a record £95.2 million
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      • 64 5 PARIS French computer services company Seagull Data Systems said it had a consolidated net loss of Ffr96 million (5528.5 million) in its 1990/91 fiscal year ended June 30, 1991 against a net profit of Ffr26 million in the previous year. Trade in Seagull shares
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      • 65 5 MILAN A group representing leading computer software makers said it settled a software piracy lawsuit against chemicals giant Montedison SpA, but warned that other Italian firms may soon face lawsuits. The Business Software Association (BSA) said it would continue its action to stamp out illicit copying
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  • Page 4 Advertisements
    • 149 4 Announcing: a new school for overseas families in Singapore I Classes in all Grides J? I American and British Curriculum CoiTimencillg f Students Enrolling iSZSSS&SSS&ikZIt 30 September Ml V a the Scho °l J I Meeting entry requirements for universities in Her© NOW I USA, UK, Japan, Australia, NZ etc.
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  • Page 5 Advertisements
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    • 133 5 XK CHRONOGRAPH WATCH S^H^BS|^2| jM^mKm if JHFfll THE SPIRIT OF JAGUAR The Jaguar XK chronograph watch: Swiss precision and English prestige in perfect harmony. JAGUAR Equipped with automatic mechanical movement, three-aial chronometry for seconds, A iU^k/v> minutes and hours, calendar and tachometer. Available in solid-gold and two-colour model, V VCJICnGS
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  • FINANCIAL NEWS
    • 360 6  -  Commissioner wants more branch offices to upgrade into local firms By Quak Hiang Whai SINGAPORE, which has the largest number of reinsurers in Asia, must work towards London market standards in terms of service quality, Insurance Commissioner Law Song Keng said in an
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    • 363 6 AFP SEOUL South Korea's Finance Ministry has denied that it plans to demand that France's Banque Indosuez recall its Seoul branch manager for conducting irregularities in foreign exchange transactions here. An official of the Office of Bank Supervision and Examination (OBSE) also said yesterday
      AFP  -  363 words
    • 250 6 SINGAPORE An overseas insurance group plans to expand its business in Asia but says it would not set up shop in Singapore because operating costs would be too high. The Scandinavian-based Skuld protection and indemnity insurance association will instead try
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    • 357 6 UPI TOKYO The Tokyo Stock Exchange will double the fine charged to those violating its regulations to U*****,000 (551.23 million) to prevent a recurrence of the scandals wracking the industry, officials said on Tuesday. Japan's "Big Four" securities firms disclosed they have
      UPI  -  357 words
    • SMALL CHANGE
      • 103 6 TOKYO Nomura Securities Co Ltd forecast group current profit of 80 billion yen (S$ 1 billion) in the year ending March 31, 1992, down from a June forecast of 270 billion, a Nomura spokesman said. For the year, Nomura, Japan's biggest brokerage, lowered its
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      • 101 6 NEW YORK Hongkong and Shanghai Banking Corp said its Marine Midland Bank has cut 400 jobs after restructuring and consolidating its New York state banking businesses. "These actions are absolutely essential to Marine's future viability," said president and chief executive officer John Bond. The
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      • 110 6 PARIS French municipal lender Credit Local de France, shortly to be floated on the Paris bourse, will turn in a one billion franc (***** million) profit this year and in the next three years, chairman Pierre Richard said. 'The favourable result for 1991 the net
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    • 221 6 Reuter JAKARTA At least three Indonesian state banks plan to lay ofT several thousand employees following a slump in profits. A Finance Ministry official said yesterday that Bank Rakyat Indonesia (BRI), Bank Dagang Negara (BDN) and Bank Bumi Daya (BBD) would announce the
      Reuter  -  221 words
    • 268 6 Reuter AUCKLAND Merchant bank Fay, Richwhite Co Ltd's maiden bottom-line loss for the IS months to June was 30 per cent worse than its revised projection issued last November after the government's capital injection into Bank of New Zealand Ltd, in which Fay, Richwhite
      Reuter  -  268 words
    • 344 6 The BCCI collapse Agencies WASHINGTON The US Federal Reserve has announced a US$37 million (5562.5 million) civil fine against Saudi businessman Ghaith R Pharaon for concealing the Bank of Credit and Commerce International's acquisition of the Independence Bank in Encino, California, in 1985.
      Agencies  -  344 words
  • Page 6 Advertisements
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  • THE REGION
    • 530 7 AFP MANILA President Corazon Aquino is risking a constitutional crisis, impeachment charges and tarnishing her reputation as she fights tooth and nail to keep US troops in the country without a bases treaty. Mrs Aquino defiantly extended the American lease on
      AFP  -  530 words
    • 265 7 AFP PERTH Work will start early next month on a big project in Ghana, bringing together Ghanaian and Australian interest. The Western Australianbased company, Minproc Engineers Pty Ltd, which will be in charge of the construction phase of the project,
      AFP  -  265 words
    • 412 7 BANGKOK Indonesia, the first Asean country to be sounded out by a Thai special mission on the so-called Anand Initiative on an Asean Free Trade Area, has agreed in principle with the proposal, but believes the 10-year term to implement the
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    • 411 7 Bangkok also eyeing S African weapons Reuter WASHINGTON The US planned to sell 18 F-16 fighters to Thailand along with other support equipment for US$547 million (about Ss93o million), the Defence Department said on Tuesday. Defence officials said Congress had been
      Reuter  -  411 words
    • 301 7 BANGKOK Many leading international bankers and fund managers were expected to vie for the right to manage Thailand's huge official reserves during the World Bank/International Monetary Fund annual meeting in Thailand, the Business Post reported on Tuesday. Bank of Thailand deputy governor Rengchai
      301 words
    • 291 7 NST KUALA LUMPUR Construction of houses and major infrastructure projects in Malaysia have been delayed by as much as a month because of an acute cement shortage. The acute shortage has arisen in spite of the lifting of the import duties on cement
      NST  -  291 words
    • NOTE BOOK
      • 74 7 TOKYO Pertamina, Indonesia's state oil company, offered to supply 200,000 barrels per day (BPD) of crude oil to. Japanese term customers in October, Pertamina affiliate, sources here said. The October volume matched that nominated by buyers last week. September's allocation was sharply below the
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      • 86 7 JAKARTA Foreign Minister Ali Alatas says an international mission to East Timor later this year is expected to to United Nations recognition that the former Portuguese colony is firmly pait of Indonesia. Mr Alatas told a parlia-' mentary hearing late Tuesday that preparations were under
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      • 66 7 BANDA ACEH, Indonesia Indonesian police said on Wednesday they had found a marijuana farm used to finance a rebellion in the northern province of Aceh. 'The area was apparently one of the rebel bases," a police source said in the provincial capital of Banda Aceh
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      • 43 7 JAKARTA Sudanese President Gen Omar Hassan Ahmad. el-Bashir arrived yesterday for a four-day official visit to* Indonesia to boost trade and political relations. Mr Ahmad* el-Bashir was welcomed at a ceremony at the State Palace by President Suharto. 1
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      • 87 7 SEOUL South Korea has approved a joint coal development project in Australia worth about US$l5B million (***** million), officials said yesterday. The Ministry of Energy and' Resources said an agreement was approved Tuesday for a 50-50 joint venture coal development project in Springvale, New South
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      • 84 7 SYDNEY Foreign students yesterday accused Australian universities of treating them as financial "milking cows" by charging hidden student fees once they enroll. The national liaison committee for overseas students claimed that overseas recruitment agencies had used misleading advertisements to attract students to universities, colleges and
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      • 62 7 CANBERRA Prime Minister Bob Hawke said yesterday he had decided not to go to South Africa. Mr Hawke was due to visit South Africa before he attends the Commonwealth heads of government meeting in Zimbabwe on Oct 16. Mr Hawke said he had decided against
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  • Page 7 Advertisements
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  • THE WORLD 1
    • WORLD WATCH
      • 78 8 TOKYO The Japanese Ministry of Finance's latest corporate survey shows the country's economy will keep expanding in the near term, led by healthy domestic demand, while prices remain generally stable. But a senior ministry official yesterday said some companies surveyed were less optimistic because
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      • 111 8 TOKYO Those who want Prime Minister Toshiki Kaifu toi. retain his post after his term expires next month have increased but barely outnumber those who want him to step down, according to a poll published yesterday. The nationwide poll conducted on Sunday and Monday by
        111 words
      • 68 8 TAIPEI Two-way trade between Taiwan and China is predicted to break the US$5 billion (SSB.S billion) mark this year, according to a top government official. "Bilateral trade across the Taiwan Strait amounted to US$2.5 billion in the first six months this year, and the amount
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      • 62 8 BEIJING Chinese President Yang Shangkun has been admitted to a hospital and was unable to attend a state function yesterday, Premier Li Peng said. Mr Li took Mr Yang s place at a welcoming ceremony for Botswanan President Quett Masire and told the visitor that Mr
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    • 457 8  -  By S N Vasuki SINGAPORE The economic integration of a unified Germany will take longer than expected and it may even take up to 20 years for those living in the five east German states to enjoy similar living standards as their
      457 words
    • 372 8 FT BONN Builders have reported a 31 per cent surge in orders from eastern Germany last month, providing more evidence to support government optimism about economic prospects. The increase, following a rise of 15 per cent in July, stems from the
      FT  -  372 words
    • 321 8 Asahi TOKYO Japan's largest trade union is planning to propose the establishment of a voluntary overseas cooperation corps when it presents its new policy programme at an annual union convention scheduled for November. The proposal from the Japanese Trade Union Confederation, or Rengo,
      Asahi  -  321 words
    • 445 8 Crisis in the Soviet Union FT MOSCOW Money is now being printed in the Soviet Union as rapidly as possible. "The only limit to the money supply in the Soviet Union today is the capacity of the money presses," said Yuri Balagurov, managing
      FT  -  445 words
    • 476 9 AFP BRUSSELS The European Community should develop a coordinated European industrial policy to counter competition from Japan, the European Parliament heard on Tuesday during a debate on EC-Japanese trade. The debate's organiser, parliamentarian James Moorhouse, said after two days of discussions that
      AFP  -  476 words
    • 265 9 Reuter LONDON Data showing the UK government's public spending borrowing requirement (PSBR) at £1.85 billion (555.5 billion) last month provided few surprises, but confirmed that an end to the recession was still some way off, analysts said. "The underlying trend is still one of
      Reuter  -  265 words
    • 479 9 Reuter BEIJING China's unwieldy economy is starting to overheat, bringing serious problems for policy makers and a call for a slowdown in industrial production. Daily average output value grew 3.1 per cent in August over July, the second highest growth rate since 1979 and lower
      Reuter  -  479 words
    • 40 9 An enterprising street vendor selling pictures of former communist party leaders, including the late Mao Zedong, on Tuesday. Drivers here display his pictures in their vehicles, claiming the photographs have helped them avoid accidents
      40 words
    • 238 9 Reuter PARIS The French government is putting the final touches to a conservative Budget for 1992 which it hopes will help it to victory in 1993's parliamentary elections. Despite calls from the Left for more spending to tackle record unemployment, Prime Minister Edith
      Reuter  -  238 words
  • Page 8 Advertisements
    • 245 8 Why pitching into Kaifu is difficult, Pg 10 THE MAN BEHIND THE WHEELS OF THE XM IS INDEED EXTRAORDINARY Extraordinary successful and rich. For it is not an ordinary man who will not only afford an XM but actually relish owning one h For the Citroen XM is not any
      245 words

  • Page 9 Advertisements
    • 48 9 "d ,1 t„ ti11,,,,, h, I„ ,1, u ti 1(((/ h ,r •"»>>■ >l>l'» '•If". I U, ~,,1,,. It, „t ,i Uiit ire Stronger ,hn tut. m >i.,. r V; M ffii> mm. *Mi" mm. •>•>. Im usiuMitx. n»» T iiiri»> BwSeL JB%r; THE OKI E WTA L SI NCAFORE
      48 words
    • 90 9 jl# MP^^PT^x collection BMHHHHIHHHHHBHBNbb •AMA WATCH CEHTRE PIE LTD Put—; (81-4M9 CHEW CHBOMO WATCH CTKT*E An QM, KB-MMO. CORTINA WATCH CENTRE PTC UD PM "m 7 l t w Io tt H—. wm> international watch pte ,#l L OPWNEACH STOKE PTE ITD II I, (H-2MIL HUWO PMptel Part Ciflu «<g-«.
      90 words

  • 484 10 EDITORIAL EXPECT to hear a lot more of Penang in the future. Chief Minister Koh Tsu Koon's visit last week may have been low-key, almost self-consciously so; but the northern Malaysian state is no shrinking violet in the competitive field of economic opportunity. Or Koh emphasised that he
    484 words
  • WHAT THE OTHERS SAY
    • 302 10 THE visit to China by Vietnamese Foreign Minister Nguyen Manh Cam last week the highestlevel contact between China and Vietenam since they went to war in 1979 was a breakthrough. The new Soviet pragmatism leaves Vietnam today without active military and economic support. It is important then for
      302 words
    • 95 10 THE call by Mr Mohammed Maidin Packer Mohd, the Parliamentary Secretary, Ministry of Information and the Arts, to set up an institute of Quranic studies should be given serious consideration. This can play a very important role in encouraging Muslims who form 15 per cent of the
      95 words
    • 108 10 A HONGKONG newspaper pointed out that Hongkongers were more enthusiastic in queuing up to buy apartments and lottery tickets than in voting at the recent Hongkong elections. Although the Liberals won 16 of the contested seats, they are still a minority in the 60-seat legislative assembly. The colony's
      108 words
  • REGIONAL VIEWPOINTS
    • 160 10 WHAT type of development should the world, particularly the developing countries, follow? We think it is high time that we and we mean all the citizens of the world began pondering that elementary question, which the State Minister of Population and Environmental Affairs, Emil Salim, posed
      160 words
    • 216 10 ALREADY, the inquests have started on why so many voters more than six out of every 10 who bothered to put their names on the electoral rolls in the first place chose to stay away and ignore their chance to take part in history. They
      216 words
    • 126 10 MALAYSIAN women can take satisfaction from the fact that they've made great strides towards gender equality, be it in employment, career development, or home. But it comes as something of a shock to the upwardly mobile urban woman to know that her sisters in the kampungs
      126 words
  • 896 10  -  Japan's Prime Minister doesn't have a very high rating in political circles and among intellectuals. But, says Ensei Kanke, it looks like the various factions in the Liberal Democratic Party will not be able to unseat him Ensei Kanke Asahi News Service WITH the
    Asahi News Service  -  896 words
  • Page 10 Advertisements
    • 287 10 SEP Join the thousands have found their solutions at ProPakAsia9l PThe sth Asian International Food Processing Packaging Technology Exhibition Hall 4,25 -28 September 1991 World Trade Centre Singapore Meet and interact with over 250 food processing and All these benefits and more, at PropakAsia9l. packaging manufacturers and suppliers from 16
      287 words
  • Page 10 Miscellaneous
    • 29 10 000NESBURY by garry trudeau I uS&snme, "liutSSse m..THSiSTm 1 igptthnk- aocpse* b.d.' peons* I maubu mrmr/ rvg H IN6rr MUST d FAMILY SUPPORT U fault, x group. Hey, fl/XM
      29 words

  • ANALYSIS
    • 1082 11  -  The Glass-Steagall law bars US banks from underwriting securities. Leslie Wayne reports on the battle to get the law repealed Leslie Wayne NYT FOR nearly a decade, bankers in the United States have trooped to Congress and pressed for repeal of the Glass-Steagall law, which bars
      NYT  -  1,082 words
    • 836 11  -  In 1985, Philips Singapore stood on shaky ground. Today, its investment in Singapore has grown to $600 million, it has Four highly automated factories and a 6,000-strong staff. Claire Leow and Michelle Low spoke to Bonno Hylkema, the former MD of Philips Singapore and the
      Photo by Chris Loh  -  836 words
    • 575 11 BACK IN 1985, Singapore was already becoming an expensive manufacturing base for Philips. The local operations had, in fact, been entirely left out of what was Philips' worldwide strategy back then. Mr Bon no Hylkema, is keen to put it on record once and for
      575 words
  • Page 11 Advertisements
    • 116 11 "S 0! i □ESI Br WBL S r RIVER PALACE [777] PX2 SICHUAN RESTAURANT 3J ->">? j >v ,«*t «c ill w s Sichuan mStyle! Enjoy authentic Sichuan food in plush new surroundings. Choose between Set Lunches, Dinners or A La Carte selection -I«.**\ featuring our chefs new specialities get
      116 words

  • Page 12 Advertisements
    • 215 12 WHERE TO WINE, DINE AND ENTERTAIN WHEBI TO WINE, DIME AND ENTERTAIN WHERE TO WINE, DINE GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT
      215 words
    • 295 12 T PROUDLY PRESENTS THE RETURN OF THE BARRON KNIGHTS THE VERY SUCCESSFUL INTERNATIONAL COMEDY ACT THURSDAY. 26 SEPTEMBFR IQOI AT THE CRYSTAL BALLROOM, 2ND LEVEL Wniw and Show Concert (HmM*d Mats) $69 neft per penon $34 nett per pewon (exctucing pre-drmer cockfats of one drt* only end at beveragea). and
      295 words
    • 266 12 We've spiced up Happy Hours. Sugar 'N Spices I is back at Club 5. I With renditions of I VI old hits that'll whizz I iM v° u back to the 30s I and 60s between j 6pm 8.30pm, Swim wear Fashion I Show on Mon I Wed at 9.00
      266 words
    • 258 12 B' The stables L,'' PRESENTS ONE OF ■R EUROPE'S BEST KNOWN CHEFS t From September 16 to 30, you can At savour the finest in continental 4 i4fc expertly prepared by master Vf W Kevin Cape. JBr For reservations, please call *****11. Lunch Noon 2.30 pm Dinner: 7.00 pm -10.30
      258 words
  • Page 12 Miscellaneous
    • 659 12 m nuva, muuij jcyicuiucr ay iyy| TELEVISION AND RADIO Pool hull MWMMMMB 1:11 K^ Canoon| business on y V-'V/vFX UUII 7.M AM CNN International (L). v3Sj" P.**"'" 1 Nowa (M). MMBiWaHlllliH BMSinTSH 8.00 XIII World Congress of C, 9.00 News at Nine EXS"^ 1 BBC -"Hi in VHF Band II
      659 words

  • LIFESTYLE
    • 800 13 Got a backache? Blame it on your inconsiderate lover, your mother-in-law, your typewriter, or even the last time you played golf. Where once it was common belief that an aching back was a legacy of aging bones, scientists are today finding out that
      NYT  -  800 words
    • 601 13  -  Christopher Follett on the more adult side of the Danish writer's stories Christopher Follett Reuter WAS Hans Christian Andersen simply a talented writer of children's fairy tales, or should adults be probing his works for deeper meaning? Danish academics, believing there is more to
      Reuter  -  601 words
    • 538 13 Robbed: Boston bar which inspired TV sitcom Cheers CHATTIRM IT MAY BE the place where everybody knows your name as the signature tune says but nobody knows who robbed the Bull and Finch, the Boston bar that inspired the hit US television series Cheers. The Bull and Finch has become
      538 words
  • Page 13 Advertisements
    • 173 13 AND ENTERTAIN lUkl fig For the fresh and flavourfiil taste of Japanese haute cuisine only at Unkai Japanese Restaurant. Lunch 12 noon to 2.15 pm Dinner 6.30 to 10.15 pm. M ANA HOTEL For reservations, SINGAPORE please call 732-1222 ext 1589. iocs Tftaohonr (65) 732 1222 SUPPER IDEA Calling all
      173 words
    • 93 13 g Jhe evolufion of time has/out few f/erfect moments 1 4 mm mo v(Jn r nt i i <1 vi /iter rf-sist.il t w; t, 1 (i(» r« t i It >•.,« t r.ittf r > lit# C r r V Don t U-t t»>r, p. it.- r tifH' V
      93 words

  • SPORTS
    • 699 14 Reuter LONDON Frank Williams, severely disabled by a road accident in 1986 and confined to a wheelchair, is a man whose indomitable spirit and humour epitomises the attitude of his Grand Prix racing team. Mention his name anywhere in a Formula One
      Reuter  -  699 words
    • 406 14 AFP WELLINGTON Media and sports people have been bribed by a major tobacco company, the head of the Australian Broadcasting Corporation (ABC), David Hill, told a New Zealand parliamentary committee here on Wednesday. In a submission to the social services select committee, Mr
      AFP  -  406 words
    • 486 14 Reuter LONDON European Ryder Cup captain Bernard Gallacher has expressed full confidence that the stars of his team will rediscover their best form in time for next week's biennial match against the Americans. Gallacher, who will lead his 12 golfers into action
      Reuter  -  486 words
    • SIDE LINES
      • 100 14 ORLANDO, Florida Former heavyweight champion Larry Holmes continued his comeback bid by winning a 10-round unanimous decision over fellow American Art Card on Tuesday. The 41-year-old Holmes has now won all four of his fights since coming out of retirement to raise his
        100 words
      • 97 14 STOKE, England Jimmy White suffered only the fourth whitewash of his 11-year professional career when he crashed out of the Dubai Classic on Tuesday. White joined a long list of big names to fall at the qualifying stage of the season's first ranking event with
        97 words
      • 105 14 NEW YORK Diego Mara dona's advisers have been in 'discussions with the San Diego Sockers for the world renowned striker to play in the US indoor league, the club's managing general partner said on Tuesday. "We've talked with several layers of the people
        105 words
      • 120 14 BERLIN The newly independent Baltic republics of Estonia, Latvia and Lithuania were set to rejoin the Olympic movement yesterday. The International Olympic Committee's executive board is to approve the move during its three-day meeting, which began on Tuesday. "For the Baltic states this is not
        120 words
  • Page 14 Advertisements
    • 278 14 I Business Times readers can now have UNLIMITED I I mmhl I T tv^tateenpwtnlimeinjimcagtm fcvevbtMpiu '"yVeee f i sfcows yii bow Msy I I career you need o more extensive vocabulary. You need the "right" Hmmmtoh tome I words at the right time to impress, to express, to captivate, to
      278 words

  • ADVERTISING & MARKETING
    • 744 15  -  Sylvia Wong finds out from designers here what it would take for local labels to make it overseas Sylvia Wong 1F THERE ARE Swiss chocolates, Swedish furniture and Danish cookies, why can't there be high-quality Singapore-designed products? Chia Shi Teck, chairman of the Textiles and
      744 words
    • 356 15  -  By Sangeeta Mulchand DMB&B TOKYU has clinched six new accounts over the last two months, bringing the agency's billings this year to $14 million. Interestingly, the accounts fall into two neat categories: beverage and transport. The beverage wins are Otard Cognac,
      356 words
    • 150 15 NEW YORK Tab, once America's best-selling diet soft drink, is being tested for a comeback. Mai MacDougall, the chairman of the MacDougall Co, New York, confirmed on Monday a report in this week's issue of the trade publication, Adweek, that the Coca-Cola Co had hired his agency to
      150 words
    • 448 15 NYT E VEN in lean advertising times, the autumn fashion magazines are still fat, alluring and revealing. Fashions mirror the times. And one who ignores fashion ignores the parade of life. It is said that when Marcel Proust was working
      NYT  -  448 words
  • Page 15 Advertisements
    • 297 15 j ml Malaysia's First... The Country Resort with a 27-hole International Championship Golf Course designed by Graham Marsh. I— r prawled over 335 acres of rolling meadows and luxuriant J greenery Staffield is created in the manner of the classic English golf course, but with a lot more! It features
      297 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3383 16  -  By Sylvia Wong PRICES ON THE local stock market continued to slide yesterday in the absence of buyers, and the Straits Times Industrials Index retreated for the fourth consecutive trading day. After crossing the 1,400 support level on Tuesday, the market
      3,383 words

  • 3847 17 Main Board CMB Packaging 332 +28 9.2% Cold Store 50* 261 +21 8.8% Roth Inds 50* 615 +10 1.7% SIA 1310 +10 0.8% FELS 50" 700 +5 0.7% Spore Bus 500 640 5 0.8% BAT 21* 426 +4 0.9% Semb Maritime 386 +4 1.0% Ssangyong
    3,847 words

  • BT SHARE INFORMATION SERVICE
    • 179 18 c»iwy Aato Year Croup Net Net HnOiip Cross am to prom/toss (L) per slur* dividend COM) (cents) Kan Em Sep 11 Mar 91 19.063(113.457) 4.1(6.1) 6(5) Joton HMp Sep 5 Jan 91 M$9.949l($791l) Tto H Glass Sep 6 Mar 91 $5,848($7,379) 9 75(12.3) 5(5) GJ«B Sep 3 Mar
      179 words
    • 243 18 CMpaay Date Yaar Grasp pra-tax Nat miip Cross praflt/lass (L) par share dividend (cants) WC Sep 17 Jun 91 M$23.294($20,781) 28.4(24.1) 25(20) Miter* H Sep 16 jun 91 $1,427(9503) 4.9(2.0) 7TE(5TE) flip Mm Sep 9 Mar 91 M$4,915($3.560) C«w Plant Sep 7 Jun 91 M$80.200($88,700) 5.4(6.3) 16(18.4) 0«B
      243 words
    • 532 18 CanpMy Bate HtM-yar Grotip pretax Interim mm to pram/toss (L) dividend COM) 168 Corpn Sep 17 Jun 91 H$33,685($28,389) 5(5) Reck Seng Sep 17 Jun 91 M$9,759($22,607) 5(4) Pa Sep 17 Jun 91 $16.256($18.162) CM8 Packagmg Sep 16 Jun 91 516,830(111.519) 5TE(4TE) HK Land Sep 16 Jun 91
      532 words
    • 577 18 Sep 17 M#lu International Stars proposed consideration for the entire paid-tip capital of Leisure Farm Corporation Sdn Bhd has been revised to M552.98m from Msloom by the Malaysian Capital Issues Committee. It will be satisfied by Msl3 24m cash and an issue of 79.46 m new Mulpha shares
      577 words
    • 1023 18 CwrMt Ex Baaks Date Total far Total tar paymant date cteaa payaWa tea ytar last ywar Mn (Up 50c 6*(b) Sep 4 Sep 16 Sep 30 6* 6% HOB 50c 3.5%(b) Sep 13 Sep 27 Oct 25 3.5% 2.5% Mm 20c 5%TE(I) Oct 14 Oct 24 Nov 15
      1,023 words
    • 745 18 Wmi as at lt.09.91 Cminlw t— Pr«ahm/~t««ini («MMMrt) <Uwowrt Optttaal** rr'i Cmmmf jS|, Star f£" Eur Lactk Cash CnkJuM Uartag. D*t« Mtte rtack ratta pries mm 1 Stk, Ltft vahw S 5?l MS SIS }22 122 75 464 30/06/94 33 C*C W 37.5 2.110 4.920 1.00
      745 words
    • 366 18 Mali Board Last Full Yaar Campany Period Date Tor Net EPS ton Net wnewced andng (cafe) d« pro* la«t (1000) Cerebea Interwn Apr 27 Jul 91 12.6 20.0TE(a) 38,911 Wern Aug 2 Dec 91 4.8 5.0 385 H** Hang intern Sep 7 Dec 91 6.5 4.0 9,526 H
      366 words
    • 109 18 Company Rights Issue Ow-for tno ft MSI 80 per share Ex-date Jul X Books dose: Aug 14 Acceptance t Payment: Sep 25 Tat Lm France Oi*4or-one SI 60 per share Ex-date: Aug 21 Books dose: Sep 2 Acceptance > Payment Oct 8 Company Bonus Issue HTP HMp One-tor-two
      109 words
    • 561 18 Company Rights Issue Mi Pac Land One-tor-two fe MW 65 per share T>di One-tor-one $1.00 per share Won Issue of $90 978m nommal amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the base of $2 nommal amount of Bonds for every three existing
      561 words
    • 718 18 BONDS, LOANS WARRANTS r '"'"l C—aratea 9th* Hamiln lanatir—a a>«—ry afcm m Before 30/6/9* 1 warrant plus HK$I.00 cash Before 26/4/93 1 warrant plus (309 cash. Causaway Lean Z C ~TiT7 2/10/89 to 20/10/94 fwarrant plus f0.77 cast) or 1 warrant plus 10.77 rami amount of loan stock. Own ft*
      718 words
    • 400 18 GP Batteries htaiiatiuHil Ltd: AGM at The Oriental Hotel, Balroom 2, 5 Raffles Avenue, Marina Square, Singapore 0103 on Thursday, Sep 19, at 10.30 am. Wian I Wrings Bhd: 66th AGM at Teratai 1 2, 2nd Floor, Tower Block, Petahng Jaya Hilton, ialan Barat ***** Petalmg Jaya, Selangor
      400 words
    • 140 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 h«t 1333.08 (3/6/91) 1565.58 (3/6/91) 1991 \mr. 1022.52 (16/1/91) l9Sl H49.08 (16/1/91) 1990 N* 1435.43 (16/7/90) i990 N(lt 1607.12 (27/3/90) 1990 Imk 981.07 (09/11/90) 1990 Iwr 1079.50 (11/10/90) 1909 Nftt 1322.00 (28/12/89) 1*9 1487.76 (26/12/89) *****Mr 917.42 (4/1/89) 1030.69 (4/1/89)
      140 words
  • Page 18 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 4240 19 Bernama THE absence of good leads led Kuala Lumpur share prices to drift to a lower close yesterday in listless trading. The KLSE Composite Index at the close fell 7.02 points to 529.30 and the Industrial Index was 7.25 points lower at
      Bernama  -  4,240 words
  • Page 19 Advertisements
    • 148 19 OUTSTANDING MANAGER AWARD 1991 This award is open to all Singapore citizens and permanent residents aged 25-35 years who are currently working at the middle-level management and supervising others, but are themselves not yet at departmental or divisional head level. The award will go to the manager who is deemed
      148 words

  • TOKYO STOCK EXCHANGE
    • 2179 20 Reuter TOKYO STOCKS yesterday closed weaker on profit-taking following the market's four-day rise, brokers said. Bargain-hunting and arbitrage buying helped underpin prices, they added, with foreign and individual investors active buyers of laggard stocks. "What we're seeing is normal profit-taking after a good run,"
      Reuter  -  2,179 words
  • STOCK EXCHANGE OF HONGKONG
    • 1843 20 Reuter SHARE PRICES lost ground for the third day in a row yesterday with the Hang Seng Index closing at the day's low of 3,900.48, down 38.23 points. Brokers said trading was paper-thin and buyers were holding back and awaiting new incentives.
      Reuter  -  1,843 words
  • Page 20 Advertisements

  • REGIONAL STOCK MARKETS
    • Aussie stocks fall in wake of strong A$
      • 804 21 THE AUSTRALIAN share market closed slightly lower yesterday as a strong local dollar continued to stifle the resources sector. "The rising dollar will lower mining profits... commodity prices are down and the recent spate of poor corporate earnings among miners has put them under a bit of pressure," a
        804 words
      • 765 21 RISES in finance issues stimulated early trading yesterday and the strong performance of small shares helped push the Thai stock index higher, but later profittaking pared gains, brokers said. The SET Index ended 7.28 points higher at 718.48 on a turnover of 2.58 billion baht. "Those which closed hitting
        765 words
      • 661 21 THE JAKARTA Stock Index yesterday plunged in heavy trading caused by rapidly eroding foreign investor confidence, brokers said. The index fell 9.72 points to 271.57 on turnover of 5.47 million shares. Market favourite Astra International fell 1,250 rupiah to 12,250, after losing 1,150 rupiah on Tuesday. One broker said
        661 words
      • 549 21 PHILIPPINE share prices settled narrowly mixed yesterday as market sentiment was divided between prospects of oil explorations later this year and the economic difficulties seen after the Senate's rejection of a new US bases treaty. Commercial and industrial blue chips tilted the Manila Stock Exchange Composite Index a slight
        549 words
      • 465 21 TAIWAN SHARE PRICES closed much higher yesterday on newspaper reports that the government would allow trust firms to become commercial banks, brokers said. The Weighted Index jumped 107.10 points or 2.4 per cent to close at 4,639.35 from Tuesday's 4,532.25 finish. Turnover rose to NT$l9 billion from NTS 10.4
        465 words
      • 872 21 SEOUL STOCKS closed higher yesterday in light trading as reports that North Korean leader Kim 11-sung has expressed willingness to meet South Korea s President tempted some investors off the sidelines, brokers said. Buying interest focused on trading house, construction and financial counters, Daishin Securities broker DI Kim said.
        872 words
      • 275 21 A FOUR-CENT RISE in utility Telecom offset a nine-cent fall in Fletcher Challenge, helping the New Zealand stock market end slightly higher yesterday. The NZSE-40 Capital Index was 3.83 points lower at 1,409.84. FCL, whose 1991/92 earnings have been re-rated downwards by a growing number of brokers, ended
        275 words
      • 29 21 THE BOMBAY Stock Exchange (BSE) index on Tuesday fell 33.80 points, or 1.77 per cent, to 1,878.55. The national index dropped 10.57, or 1.18 per cent, to 890.91.
        29 words
      • 417 21 Close Previous Sep 18 AUSTRALIA All Ordinaries Index 1,553.7 1555.9 -2.2 All Industrials Index 2.3%. I 2395.2 +0.9 All Resources Index 908.5 912.9 -4.4 Turnover (million) 97.6 76.9 20.7 BANGKOK SET Index 718.48 711.20 +7.28 Turnover (billion baht) 2.58 1.79 +0.79 JAKARTA Composite Index 271.57 281.29 -9.72 MANILA Composite Index
        417 words
  • Page 21 Advertisements

  • WORLD STOCK MARKETS
    • US stocks slip as investors wait and see
      • Article, Illustration
        1133 22 Wa£l STREET stocks wound down a sluggish session on Tuesday with mild losseis, as investors stepped aside to wait for the onslaught of earnings reports. An absence of major economic and corporate news also tempered trading. "Most portfolio managers are trying to get a feel for what stocks
        1,133 words
      • Article, Illustration
        728 22 SHAKES FELL on London's Stock Exchange on Tuesday, as poor corporate earnings reports undermined the market. A--weak initial showing on Wall Street also made trading bearish, dealers said. The Financial Times-Stock Exchange 100-Share Index fell 11.6 points, or 0.4 per cent, to close at 2,594.4. The Financial Times 30-share
        728 words
      • 290 22 DUTCH SHARES ended a lacklustre day on Tuesday barely changed. The release of the Dutch 1992 budget on Tuesday afternoon brought little new information and failed to bring life to the market, dealers said. The government's central planning bureau said it expected gross national product growth would slow to
        290 words
      • 282 22 A MODEST amount of buying in the chemical sector in an otherwise thin market led German shares higher on Tuesday. The 30-share DAX index gained 4.80 points to 1,634.55. Traders said chemical issues rose on speculation that Bayer, which was holding an analysts' meeting in London on Tuesday, would
        282 words
      • 140 22 THE PARIS BOURSE marked time on Tuesday, as the CAC-40 stock price index was up by 0.28 per cent at the opening, but closed with a tiny advance of 0.01 per cent at 1.878.42 points. Operators said investors were hesitant primarily because of upward tension on short-term interest rates,
        140 words
      • 264 22 SWISS SHARES on Tuesday ended a quiet session little changed on a lack of fresh news, brokers said. The all-share SPI index, which had traded in a narrow 2.9-point range all day long, edged one point lower to 1,100.7. The SMI index of leading shares was unchanged from Monday's
        264 words
      • 188 22 PRICES ON the Stockholm bourse closed steady to marginally higher in moderate trade on Tuesday. Dealers said Monday's uncertainty over the parliamentary situation after Sunday's Swedish election had diminished. The bourse general index rose 0.17 per cent to 1,070.51 in turnover of 360 million crowns. Blue chips rose 0.03
        188 words
      • 436 22 JOHANNESBURG SHARES involved in the massive 1.1 billion rand deal between industrial giant Barlow Rand and South Africa's two biggest mining houses, Anglos and Gencor, grabbed most of the market's attention on Tuesday, dealers said. Barlows closed 2.75 rand up on the day at 51.25 rand after touching a
        436 words
      • 312 22 TORONTO STOCKS continued to tumble on Tuesday, ending near the day's low as players unwound positions ahead of third quarter earnings, dealers said. "My recommendation is to avoid the market," said Bob Boaz, chief economist with Deacon Barclays de Zoete Wedd. "The fact that we'll likely not see a
        312 words
      • 259 22 Sep 17 Clow Previous IJAAI# NEW YORK Dow Jones 3013.19 3,015.21 -2.02 SAP 500 385.50 385.78 -0.28 Turnover (million) 168.37 172.56 -4.19 LONDON Financial Times 30 2,037.9 2,051.0 -13.1 FTSE 100 2,594.4 2,606.0 -11.6 Turnover (million) 699.1 641.3 +57.8 FRANKFURT DAX Index 1,634.55 1,629.75 +4.80 AMSTERDAM CBS Tendency Index 92.2
        259 words
  • Page 22 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1239 23 REPORTS Tokyo: The dollar was steady against the mark and firmer against the yen on European buying interest in late Asian afternoon trade, dealers said. "The dollar is very well bid at 1.6730 marks. Many people are waiting to
      1,239 words
    • 380 23 Cross rates s«,„ USS SS MS Dm Yen SFr AS NZS USS 1.6945 2.7515 1.6765 133.95 0.5754 1.4625 1.2508 1.7007 SS 0.5901 1.6238 0.9894 79.0499 0.3396 0.8631 0.7381 1.0036 MS 0.3634 0.6200 0.6093 48.6825 0.2091 0.5315 0.4546 0.6181 Dm 0.5965 1.0107 1.6412 79.90 0.3432 0.8724 0.7461 1.0144
      380 words
    • 529 23 Interbank rates S» BM Offer Overnight 5 5/8 5 3/4 1-month 4 7/8 5 2-month 4 7/8 5 3-month 4 7/8 5 Overnight mode: 5-1/8 USS BM Offer 1 d«y» 5 7/16 5 9/16 1 month 5 1/2 5 5/8 2 months 5 7/16 5 9/16 3 months
      529 words
    • 325 23 Reuter TAIPEI Taiwan dollars are flowing out of the island into Asia at an unprecedented rate and foreigners are building up large holdings of the currency despite restrictions on its international use, bankers and economists say. About NT$2B.4 billion (Ssl.B billion) in
      Reuter  -  325 words
    • 325 23 Reuter BONN A top Bundesbank official suggested Switzerland could loosely, but not permanently, link its franc to the strongest currency within the European Monetary System (EMS) as a signal of its willingness to cooperate with the European Community. Bundesbank
      Reuter  -  325 words
    • 1110 23 SIMEX Eunoootum Open High Low Sett Est Vol Op/lnt Vol Dec 91 94.18 94.19 94.17 94.19 5478 ***** 8U5 Mar 92 94.21 94.23 94.21 94.22 2166 ***** 3510 Jun 92 93.94 93.% 93.94 93.95 1900 2590 426 Sep 92 93.58 93.58 93.57 93.57 600 1731 300 Dec 92
      1,110 words
  • Page 23 Advertisements

  • COMMODITIES
    • 252 24 Reuter LONDON The latest 10,125-tonne increase in London Metal Exchange (LME) warehouse stocks of aluminium has swollen the stockpile to 653,775 tonnes, the highest ever for an individual base metal. The previous record was 645,300 tonnes of copper recorded in January 1978. Total
      Reuter  -  252 words
    • 373 24 Reuter ANKARA The cashstrapped International Institute for Cotton (IIC) may close down after a quarter of a century of promoting cotton unless it gets more support from producers, its secretary-general said. "We don't have adequate financial resources to carry out our programmes,"
      Reuter  -  373 words
    • 833 24 REPORTS Reuter TIN PRICES extended Tuesday's loss by eight sen to close at M$ 15.02 per kg on the Kuala Lumpur Tin Market yesterday following the easier London Metal Exchange overnight. Dealers said the LME was down by US$3O on some
      Reuter  -  833 words
  • 1367 24 Rubber sepis ■IglhlljM} S ceim/kg Noon Close Int 1 RSS Prompt 134.25/135.25N I34.2V135.25N Int 1 RSS Oct 91 I35.2VI35.75 I35.2V135.75 Int 1 RSS Nov I36.7V137.25 136.7VI 37.25 Int 2 RSS OP 135.0(yi37.00N 135.00/137.00N Int 3 RSS OP 134.50/136. SON 134.50/136. SON Int 4 RSS OP 130.00/132.00N I30.00/I32.00N Int 5
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  • Page 24 Advertisements
    • 744 24 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4952 IN THE MATTER OF THE COMPANIES ACT, CAP M AND IN THE MATTER OP X WING HENO COMPANY V* TRADING (PTE) LTD I V (IN MEMBERS'VOLUNTARY WINDING-LP) 'At an Extraordinary General •v Meeting of WINO HENO COMPANY TRADING (PTE) LTD duly convened and held
      744 words
    • 114 24 BLOOMVILLE TRADING (FAR EAST) PTE LTD (Incorporated la Singapore) (MEMBERS' VOLUNTARY WINDING-UP) NOTICE OF FINAL MEETING NOTICE IS HEREBY OIVEN that pursuant to Section 308(1) of the Companies Act, Cap. 50. a Final Meeting of the shareholders will be held at 10 Anson Road, #13-12 International Plaza, Singapore 0207 on
      114 words
    • 6 24 Innovation Technology in BT every Tuesday
      6 words

  • 1028 25 55 n** m n*t etp MbMMM GA887 1245 GA894 2255 GA975 1300 QF081 1820 SQ228 1905 *■■111 ri» SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 SQ26 2200 BA11 1225 SQ325 2115 GF148 1000 mmm GA525/ 1755 910 1 fcrt tmmm SQI81 1410 RA406
    1,028 words
  • THE TRAVEL PAGE
    • 582 25  -  POSTCARD FROM SWITZERLAND jrjfrjrjrw By Alice Furlaud IT BEGAN as a strange falsetto warble used by Alpine cowherders to call from pasture to meadow. It rose up over the mountains and across the oceans, finding homes in places as remote as Appalachia, where it became a staple
      582 words
    • 152 25 At at 3p ytrtrdiy: Local doflara to one ait of foreign fifty Currencies Bid Offer Australian dollar 1.3481 1.3596 Canadian dollar 1.4731 1.4955 NZ dollar 0.9*12 1.0010 Sterling pound 2.9342 2.9593 US dollar 1.6890 1.69*0 Local dollars to 100 arils af hwjf amwmcy Austrian schilling 14.51 14.73
      152 words
    • 59 25 Purmtl Titte Venue Oigniser Td Duration Title Venue Organiser Td Sep .3-23 jnrernatiood SSL, Netherfands KoninUijke *****5391 Switzettand Mustcrmesse Trade Exhibition Nederlandsc Sep 14-22 International Turin, Italy Torino *****569 of Floor Cover- Jaarbeurs Caravan A Esposizioni ings ft Household Caravan S.p.A Textiles Exhibition Sep 17-22 International Copenhagen,
      59 words
  • Page 25 Advertisements
    • 42 25 IjfoiiVe got nothing Tbulouse trying Finnair next time you go to France. With a twice-weekly service from Singapore direct to Helsinki and then to everywhere in Europe frqm Paris to Prague. Call *****77 for details. We know Berope from start to Flank*.
      42 words
    • 38 25 A jogger's newfound paradise Tired of jogging along the same old route? Well, we've found three new ones. Three unspoilt, unsung that will take the boredom out of regular jogging. -JH NEW,NEWS, NEWSY From lunch-time. Monday to Saturday.
      38 words
  • Page 25 Miscellaneous
    • 186 25 ACROSS This buccaneer built fires 13 A French writer let out 17 Complex girl to choose a 19 Crude container used by 21 and this lady player JH^S 22 Peacemakers expected to II 27 Constant as an insect's metamorphosis (9) 28 Drink right on one's toes C\-7\ 8 Dressing for
      186 words
    • 214 25 Singapore Outlook: Hazy with showers over several areas ia the late morning aad early eveaiag. Report: Maximum temperature 29.8 Assoc humidity 70% Minimum temperature 24.1 Assoc humidity 97% Hours of sunshine 2.20 Rainfall in mm 22.3 Rainfall this month 109.4 Rainy days this month. 8 World Forecast Asia-Pacific Hi/Lo* Cond.
      214 words
    • 14 25 ft fITO Pfc£SSUߣ.* &f\GJC Th A SUOLLBN IM-TMV BACK ID UPR<,... *ND DeP*£SSJON... 1
      14 words

  • 401 26  -  Two-way trade hit 1 billion last year «y Harish Mehta SINGAPORE Singapore has become one of Vietnam's biggest trading partners, with two-way business exceeding the Ssl billion mark for the first time last year and doubling over 1989. The dramatic increase comes
    401 words
  • 232 26  -  British Defence Secretary denies speculation From Catherine Ong in HONGKONG BRITISH Defence Secretary Tom King, due to visit Singapore next week, has said his government has no plans to set up a military base in the Republic after its defence forces quit Hongkong
    232 words
  • 380 26  -  Senior Minister's visit to Kazakhstan From Anna Teo in ALMA ATA SENIOR MINISTER Lee Kuan Yew arrived yesterday evening at the capital of Kazakhstan on a visit which the Soviet republic hopes will yield fruitful economic linkages. Speaking to the media at
    380 words
  • 336 26 Reuter WASHINGTON The White House's chief economic guru has said the US is in only a modest recovery from recession. i Michael Boskin, chairman of the Council of Economic Advisers, said on Tuesday that America was dogged by worries over sluggish growth in money
    Reuter  -  336 words
  • 694 26  -  The Bottom Line CATHERINE ONG CATHERINE ONG The writer is BT's Hongkong I Correspondent I PHILIP WONG was found not fit to sit on the ruling council of the Hongkong Stock Exchange. He was forced to resign in May after failing to push through a
    694 words
  • 343 26 Reuter HONGKONG The Hongkong Stock Exchange has announced that Paul Chow will be its new chief executive, replacing Francis Yuen who announced his resignation earlier this month. The exchange's chairman, Sir Q W Lee, said in the statement, "The exchange's executive committee had
    Reuter  -  343 words
  • 321 26 Crisis in the Soviet Union Reuter MOSCOW The Soviet Union yesterday pressed the US for emergency food and medical aid, saying time for Western help was running out as a winter of shortages and hardship approached. Acting Prime Minister Ivan
    Reuter  -  321 words
  • Page 26 Advertisements
    • 189 26 Nikon The World's Finest Photographic Systems GIVE YOUR EKE THE EXHUME romff i the formation of A vert)ca( age sags That look of syle and confidence displayed nationally trained and qualified consultants by certain men comes from having their skin who know what they're doing. 'groomed' with as much attention
      189 words
    • 18 26 Nikon The World's Finest Photoamnhlc Swunw Mints work orertiMe, Pg 8 Baltics rename ships, Shipping Times Pg 18
      18 words

  • Shipping Times
    • 449 27  -  By Rahita Elias SINGAPORE In a bid to cover rising costs, 14 carriers trading the Far East-Persian route have decided to impose a terminal handling charge (THC) on shipments between Singapore and Persian Gulf ports from Oct 1. Shippers will then have to pay
      449 words
    • 136 27 AFP HONGKONG Direct flights between Hongkong and Vietnam are set to resume after the successful conclusion of an air services agreement between Hanoi and the British colony, it was announced on Tuesday. Acting secretary for economic services Elizabeth Bosher said Vietnam Airlines will initially operate
      AFP  -  136 words
    • 294 27 AFP NEW YORK In a sign of hard times in the airline industry, US carriers have taken each other on in a fare war that offers 50 per cent reductions on coast-to-coast domestic flights. The opening salvo was fired last week when
      AFP  -  294 words
    • 243 27 Reuter OTTAWA Canada's striking civil servants said they had agreed to return to work yesterday, opening grain shipping ports and border crossings while trying to reach a contract agreement with the government. Both sides in the eight-day-old dispute said on Tuesday they would go back
      Reuter  -  243 words
    • 926 27 Page Col ABC Containerize 12 I Aeropak 18 3 Accord Group 8 1-3 APL 5 3-5 A PC Line 13 5 Arrow Inter 9 4 ASCL 5 I ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 18 3 Bangladesh Shpg 8
      926 words
    • 396 27  -  By Dexter Lee SINGAPORE The public now has a wide choice of mobile phones which operate on the Extended Total Access Communications System (Etacs) network. To-date, seven vendors have secured Singapore Telecom's approval to market their brands of mobile cellular phones, including handphones
      396 words
    • 272 27 NYT WASHINGTON Federal safety officials on Tuesday attributed the mid-air collision that killed Senator John Heinz of Pennsylvania and six others in April to poor judgment by the pilots of the two aircraft involved. The pilot of the chartered plane that was carrying Mr
      NYT  -  272 words
    • NEWS SUMMARY
    • LOG BOOK
      • 110 28 BEDFORD, Massachusetts Tropical storm Luke, which was moving westwards towards Taiwan with 50 knot winds Tuesday, could become a typhoon in less than 48 hours independent forecaster Weather Services Corporation said, i his would be a threat to shipping at least through the 48-72 hour
        110 words
      • 45 28 Massachusetts Typhoon Mireille will move pi?r northern Marianas Islands (north of Guam in the EE* Ckean) and threaten shipping, independent forecaster w a thtn^ r eS 5 orporation L Said on Tuesda y- The typhoon winds east-north-east of Guam with 75 knot
        45 words
      • 75 28 TOKYO Construction of a 42.8-km experimental line for a proposed linear motor tram started on Tuesday in YamanffiU feCtUl I west of Tok y°> transport ministry officials said. They said the success of the project to develop a linear motor train which works on the
        75 words
      • 100 28 LIMA, Peru The german airline, Lufthansa, will suspend i f P ww> nger 10 eru Bolivia and Ecuador from Jan j spokesperson for the airline said. The company said a flight containing cargo only would fly once a week between Lima and Miami. "Efforts to improve
        100 words
      • 95 28 BANGKOK Thai Airways International, the country's flag earner and its Belgium counterpart, Sabena Airlines, are to launch a joint non-stop flight from Bangkok to Brussels, Thai Airways officials said on Tuesday. The twice-weekly flight which will depart from Bangkok every Monday and Friday from Oct 4,
        95 words
      • 78 28 iS S ,K? GELES Northrop Corp will respond formally this month to a warning notice issued to the company by the US Air Force concerning the military's planned new stealth cruise misute a spokesman for Northrop said. The Pentagon said the defence maker was ordered
        78 words
    • 1110 28 Activity in most other areas was unremarkable except the North Sea where a 70,000 tonne movement was fixed at 120 against last week's 115. Goal: To-be-nominated 65,000 long tons coal Mississippi/Stignaes US$B.25 fio 35,000 shinc/25,000 shine September 25-October 15 Arcade. Yih Fou 110,000 long tons coal Roberts Bank/Kaohsiung
      1,110 words
    • 1427 28  -  In the first of a two-part feature, Arthur Reld examines the impact of a radical change in UK aviation policy on the world's busiest airport. The final part will be published tomorrow. Arthur Reld Air Transport World Although Heathrow Airport is saturated with traffic at
      Air Transport World  -  1,427 words
    • 827 28 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. are arc baSCd 00 average sized stem Market movements ,^i Ct i/ B^ ker Price J nd change
      827 words
    • 10766 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      10,766 words
    • 3304 41 A«c Shpg Agencies Pte Ltd (SVManne Handling Sdn Bhd (PK/PN). Accord Gromp: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkra Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Aibatros S«a-Alr Serrice: Frata Shpg Pte Ltd (S). Alfred C Toepfcr
      3,304 words
    • 247 41 Abacas Coartcn Td: 545-8011. Fix; *****98. Air Elxpreaa Travel Td: 533-5771. Fax: *****44. Airborne Freight Corporation Td. 542-8844. Fax: *****16, *****80. Airswift Worldwide Conrier Td: 278-0188. Fax: *****83. AJSSappUea Td: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Td: 344-3377. Fax: *****50. Claster Link SappHea A Services Td:
      247 words
    • 1535 41 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7821 Fax: *****20. Aeroliak Freight International Td: 545-8031 Fax. *****05. Aerospeed Td. 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax: *****74, *****50. Air
      1,535 words
    • 1489 42 SHIP SALES TANKER RATES The information was contributed by Simpson Spence Young. British Steel announced last Thursday that following the numerous casualties in the ore-carrying industry there will be a strict scrutiny of tonnage before they are willing to take in tonnage either on trip business or time-charter. The replacement
      The information was contributed by Simpson Spence & Young.  -  1,489 words
    • 559 42 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 1 BKK S'A SQ827 B747F 1730 2 CPH/DXB SIA SQ/ B747F 0715 2 DXB/LON CLX CV794 B747F 1845 1 LUX/DXB BA822
      559 words
    • 354 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dep Name of Vessel ETA ETD Ports of Calls Port Agent SEP 21 21 Onent Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 22 22 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 25 25 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 26 26 Cora Princess 1000
      354 words
    • SHIPS IN PORT
      • 499 43 8«rth Arrival Departure Vassal Voy Wo Berth Vrrvi Departure Marina Til Mill 1 Geo Mlev J8 alongside 19 09/1500 Satan Maw *****1 M04 alongs.de 1909/2300 P*"" 1 1" >9 09/1830 fcUmSw, *****1 1102 US/2300 Si?*" SSS5 Batamindo 1 96S M03 akxrafe lUM/nnn WOang alongside 19 09/2300 CKra
        499 words
      • 166 43 £gi 3: 4:a v Irade,:5: DCh Bunga Kiambang Marina jati Bu ler mS* Barge Satu SLb.uK i; C j??* Mas "ai 206 to mwr. Alexander Oath. Haffeah, Lee Yip Leong Satu, Malayan Success, Sri Arika, Dassan. Shteo, Yuhai, Apanctanrt. Azalea Star, SuN, In Xiang, Far East Beauty.
        166 words
      • 803 43 ■ECCIWWG Of EXPOBT Fa CONTAINERS AND LCI CARGO Record Bookie/Balance Rjftj 9# Yoy No Etb/Btr Ptnod From To From 1W 20/1200 1 18/1500 18/1659 18/1900 3 19/0700 19/1159 19/1400 19/1200 19/1459 19/1700 Ata »ium 526N 20/0600 2 18/1700 19/0659 19/0900 3 19/0700 19/1159 19/1400 A* Victory ***** 19/2200
        803 words
    • 351 44 Long-distance calls to Europe disrupted, too Reuter NEW YORK A telephone •switch breakdown shut down New York's three major airports on Tuesday and disrupted long-distance telephone service. I The breakdown was by power problems which damaged two telephone switches and part of a
      Reuter  -  351 words
    • 221 44 Reuter LONDON The Baltic republics have begun renaming ships to distance their fleets from their earlier Sovietinfluence, a special report in Lloyd's daily Shipping Index (LSI) said. The Tallinn-based Estonian Shipping Co, likely to reorganise itself into a state joint stock company, has al-
      Reuter  -  221 words
    • 305 44 Reuter BRUSSELS A European Community consumer group on Monday called for an investigation of what it said was "a cosy motor trade agreement" which limited imports of Japanese cars into Britain, keeping prices there higher than elsewhere in the EC. The
      Reuter  -  305 words
    • 205 44 AFP NEW YORK Honda Motor Co said France has unofficially approved imports of US-built Accord station wagons after trade officials here intervened on the Japanese company's behalf, The Wall Street Journal reported on Tuesday. French customs authorities had blocked imports from Honda's
      AFP  -  205 words
  • Page 27 Advertisements
    • 14 27 VUM9 IN ItrvivVf ri|M V*****V «l j Mirtiri «f Mm »«tlitiy «f kunMm ftgWi'l
      14 words
    • 222 27 mm mm /v' /f "JKES3B" The Straits Times WaddyOvereeas Edition. A crisp summary of happenings inSingapore. Politics, the economy,investment "(WBbk opportunities, appointments... And snippets on Malaysia and A convenient tabloid delivered to you everyweek, whcrccvcr you maybe Subscribe now. AndbeintaidL Making an issue of the major news r —I—— -j
      222 words
    • 50 27 Ar Forwarders 15 Ar Fratft Seta** 16 Coctatt Report 2 Contan* Seta** 17 Conner Sewes 15 Cruise I fmy Schedule* "18 My FragMs 2 InOcl 10 AuWlnßi* i Shppfft Afents 15 aurnt io.li Rites It Ships in Port 17 S*«apore Tries 17 Import Dory 3 Weather and See Oanftam 17
      50 words


  • Page 29 Advertisements
    • 1718 29 BOOKINGS TEL: *****34/asooesa TEWMINAUCPS TEL: *****18 220 rßflAfifll PESAICA JARdNE SHIPPING AGENCIES SON. BHD. 1 VWQf J PORT KELANG TEL: *****18 FAX *****91 *****08 PENANG TEL: *****4 FAX *****1 CFS TEL: *****6 SSSS Dedicated to Quality Service *»ohtel: *****3/4fax*****6 ppffrrnWl P.GUOANG TEL: *****3/3 FAX *****4 a »X»T EXPORT WW!?«« |t*
      1,718 words
    • 1589 29 TRANSPORT DIARY Sept 24-25: Seminar on Marine Insurance in Carrier's am Shipper's Perspectives, organised by Facs World at Carltoi Hotel. Oct 15-16: Seminar on Trading. Shipping and Banking Docu mentation for Procedural Export Operations, organised b Facs World at Carlton Hotel. Nov 8 (9am to 2pm): Inmarsat Mobile Satellite Communica
      1,589 words
    • 894 29 uammasssim TWO SAILINGS TO EUROPE RE6INA MAERSK V9H2 ETA SIN 25/9/91 TABLE BAY V 0560 ETA SIN 28/9/91 Vaaaal voy ETA ETO" Faadar by Singapore Markur Dalta DESTINATIONS to >1 A TN» wok Magtaby Maarik 9100 HWgBtMWH—IHMW—I— CY 24/9 0600 HRS Port CPS 23/9 2389 HRS KatangPanang OAK 108 HOD
      894 words

  • Page 30 Advertisements
    • 1034 30 |H H I B IHH I W A M V a ROTTEDAM/1 VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE |gg g§ KURAMA 12/137 19/9 12/10 8/10 7/10 FRANKFURT EXPRESS 58/337 24/9 11/10 13/10 18/10 17/10 ffiffll KAMAKURA 19/130 4/10 28/10 22/10 21/10 DRESDEN EXPRESS 01/338 29/9 18/10 18/10
      1,034 words
    • 648 30 CONGRATULATIONS AND BEST WISHES TO THE GOVERNMENT AND PEOPLE OF CHILE ON THE OCCASION OF THEIR NATIONAL DAY Ag«nta •IMC* SINGAPORE- BIMII -W Jardine Shipping ooounos: mm. LSKJ PRNANO: tutuu"' ■MfMPH SWPP4n« P. K6LANO: MMIU _TjiirillliU A<ei»cW/M*Uy»U WWI: mai l I EXPRESS TO PAPUA NEW GUINEA "I I SPORE CHKNAN
      648 words
    • 1582 30 H— aria ant REGULAR MOEPENOENT FULL CONTAMER SERVICE 1 WESTBOUND MA EUROPE Vfc/VOY SM AIG BCL HAM BRE FEL ROT ANT LMA (VK (MA (MA ALG) NMI) ROT) NORASIA SAMANTHA 9120-3 21/09 13/10 15/10 10/10 18/10 17/10 IS/10 19/10 20/10 NORASIA SUSAN 9129-3 29/09 20/10 22/10 24/10 20/10 25/10 20/10
      1,582 words

  • Page 31 Advertisements
    • 1377 31 SggSteamers Maritime Holdings Ltdl W P&o l mm STRAITS shipping! WSk Containers I Sm I Md Ki| H'Konf #M S pot M Sa M hi M> I 13/ M IS/, lim 1,/W M/ 10 07/10 M/ 101 ACCEPTS QUI MAS I OWNTM. MT *551 10/09 15/09 21/01 00/10 11/10 12/111
      1,377 words
    • 981 31 am wl a/" "mi ~tm mi wn JeS^ 1 m\u 7" «a»* somto* inn s/io jo/io i/n li/ii it/n m I2£2L£. mi w/l u/l »>» CHOTMI6 CNANCf CFI4O 12/1* VII 1/11 10/11 10/11 M/n i!y}| "*IM 21/0 21/1 25/« 30/0 0/0 »/J CMOTWI6 JUCCtM IFUI 11/10 |J/U 13/11 22/11 27/11
      981 words
    • 355 31 I I STRAITS/ JAPAN/ STRAITS SERVICE I I loading fob osaka isiSSXA I I TOKYO/YOKOHAMA I I COSMIC LRAnB!B V 4 I I ETA SPORE 29/9/91 I I ETA PK 22/9/91 I |l ETA OSAKA 5/19/91 ETA NAGOYA 12/19/91 ETA YOKOHAMA 19/19/911 |IMLintermaritime| I SOUTHERN AFRICA SERVICE I I DIRECT
      355 words

  • Page 32 Advertisements
    • 541 32 CR NBR **********0-D EXPRESS SUM-CtNTJUNERSMP SERVICE TO EIRfIPE It/WT ISTME MMM/MMM HUM BREMEN «T*OP MTMIM/3MB 111/10 12/11 17/11 21/n a/ U FAST TRANSIT TIME ACCCPTMQ BREAKBULX/CONTAMERISED CARGO MNact M lp*ic»wit AIM ■ccipHiiy cargo to Cwfctonca. N(t SaM, Port Atozondrto, Omoo, Trtooto. AtSO ACCEPT WC BOTH CONTAINERS, CONVENTIONAL CMQO VIA T/S
      541 words
    • 907 32 V HANJIN SHIPPING S'pwt LEH ATM AM HAM MV FEL i FEEDER YSL $m I LINE HAUL LGB OAK I HANM AOTTEtOAM 015W 23/9 10/10 11/10 12/10 12/10 13/10 14/101 HAMJN SEATTLE 020E 23/9 DRECT 14/10 17/10 B NAHM KAOHSAJNG 005W 29/9 17/10 18/10 19/10 19/10 20/10 21/10 HANAN SPORE
      907 words
    • 61 32 I i* I BIWWBI I REGULAR WEEKLY SERVICE TO: DUMAI* PERAWANG* PEKANBARU 5 VESSELS OPERATING BATAM SERVICE EVERY MONDAY A THURSDAY OWNERS* OPERATORS OP CARGO VESSEL, TUGS ABARGES SPECIALISE W HBAVY-UFT, PROJECT CARGOES TO ALL INDONESIA, MALAYSIA. THAILAND. PHttJTNE PORTS. OFFER CHARTERING OP OUR CAROO VESSEL. TUOS A BARGES. TEL:
      61 words
    • 944 32 Jd -1 r-| -1 d lALSO ACCEPTM6 CARGO TO; I M l) ESKSiT" SA*AMMH BOSTON pmAmmiioFou. jacxsonmu. 3, «*m*. t«WTOMinn I ■2) ATUNTA, OOCACC KTWTI COLUMBUS A OTKI MAUI HCKMS OQIMTD6 I t 22 }?!J WJJ WW IVM WM lS» jR» 'vu sy» W| #W lvio i7/w lj/w 2i/M a/io
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  • Page 33 Advertisements
    • 1523 33 V NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 AUST/INDIA/PAK SERVICE: *****18 CFS K27 EXPORT *****53/*****04 9509 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 i)|( NEPLINE SDN BHD MALAYSIA K.L.-(03) *****33, P.
      1,523 words
    • 489 33 ANTWERP 22/9 KAOHSIUNG 26/9 COLOMBO 21/9 5525 L 22/9 KEELUNG 26/9 21/9 HAMBURG 22/9 ttLUflb lb/ KARACHI 21/9 ™/LONDON 24/9 HONG KONG 23/9 MADRAS 24/9 FELIXSTOWE 24/9 CHITTAGONG 21/9 £2L.~ 24/9 cALCunA 25/9 MARSEILLES 24/9 BUSAN 23/9 ROTTERDAM 22/9 BANGKOK 22/9 JAKARTA 21/9 I SYMCY 5/T] I TOKYO 22/9 I
      489 words
    • 1180 33 &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) J FULL CONTAINERSHIP SERVICES EASTBOUW) DBCHMMSW6 RgSTBOtfC—LOAOW6 HWCMTPtD W ROTTHPOM I i l» I 1" I WW g |WC
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  • Page 34 Advertisements
    • 1424 34 y ICR No: **********0 M) I V W AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD I |J TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 M I m\J MALAYSIA: U K" LINE MARITIME (MALAYSIA) SDN BHD ww TEL: SA *****00 PK *****01/5 PENANG *****5 JB *****1. KAWASAKI KISEN KAISHA, LTD Indonesia: p.t.
      1,424 words
    • 1044 34 OSS PHIU-ORKNT UN€S PTC LTD I 108 Robinson Road #07-00 GMG Building Singapore 0106 T-: *****22/*****69/*****00 Talax: RS ***** PHIU FAX: *****76/*****38 by air, land or sea WE TAKE ON THE WORLD FOR YOU (flg MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 26 SEP DUBAI, DAMMAN, SHARJAH, DOHA, 24 SEP MUSCAT.
      1,044 words

  • Page 35 Advertisements
    • 1396 35 PACIFIC INTERNATIONAL LINES (PTE) LTD M mMi Pttßurtding, 140 Cecil Street KttOO, Singaporeolo6. [JAKARTA 1 1 BANGKOK 1 VESSEL VOY SIN JKT SIN VESML VOY SIN BKK SIN EQUATOR MAS 17N 21/* 23/9 28/9 KOTA BURIA *103 20/* 23/9 28/9 SUNOA TERATAI 393 22/9 24/9 2S/t PROGRESS M4N 20/9 iM
      1,396 words
    • 1024 35 BEN LINE c6NTaiNer£ LTb N 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN NedMoyd 328 20/9 6/JO 7/10 9/10 10/10 City of Edinburgh 326 24/9 14/ iq Z Z Alsa
      1,024 words
    • 599 35 M MYANMA H FIVE STAR UNE w (Myanmar National Una) Loading for Yangon (Rangoon) Sport P.KI* Pon P.Gdf VI lON SM h Pt HM-AN VIS7W 20/24 Up LASMO *137* 20/22 Uf> PAGAN *175* 22/24 Uf) THE BANK UNE (A Mrvtco ol Andrew W«4r Shipping) Y| SEMI-CONTAINER SERVICE \l HEAVY LIFT
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  • Page 36 Advertisements
    • 97 36 Regular Breakbulk Service from Far East to Mediterranean and Red Sea Ports Vessel/ Voy Sin Destinations Bechar 21/09 Algiers, Port Sudan Note: Inducement Offers Welcome OPTORQ SHIPPING PTE LTD T«fc *****44 Fax: *****51 Tlx: ***** Bookings: *****24 IWDOWtSIA; PT LAYAR BENTOBA BHPQ CORPN jkt VOCJM tern uct SBS m lib.
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    • 151 36 cosco UKC CONVENTIONAL BERVICE no. PNQ P.OL LOADING FOR A VESSEL SOW ROTTERDAM/ANTWERP CHINA CONVENTIONAL BERVICE VESSEL PlQ_ PNQ pa LOADING FOR: A VESSEL 2SW SOW QUANQZHOUMUANQPU CQBCO FULL CONTAINER BERVICEB (FCUFCL) EXPORT TO: CHINA/BAM3NOK/HONQKONQ EUROPBCONTMENTAL WEST MEDITERRANEAN AUSTRALIA US WEST COAST ARAB PERSIAN QULPKARACM PLEASE REFER ABV MENTIONED SERVICES
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  • Page 38 Advertisements
    • 702 38 F TO AUSTRALIA/NEW ZEALANO «< |m lai [fwSTTiirTjrS 155 l"H |P chalk m rn C. MaOUK 271 2/10 7/1* 12/1* 10/10 22/10 MB, MIMVOI 270 21/1* 21/11 2/11 1/11 U/U 13/11 14/11 MM DM I 2(1 14/11 21/11 29/11 1/12 7/12 1/12 11/12 aim hubs m~ 1/12 1/12 14/12 11/12
      702 words
    • 860 38 EXPOITS TO HONGKONG, TAINAN, NAMLA ft JAPAN "TWICE NEEKLT" MALACCA STRAITS SERVICE OUTBOUND VOY PKL PEN MT Ml MB. WIG MO KEE TYO SMZ N6O KOB ifitSSa >OV |SM |PW. PEN BLW SM T» MfIOPT 308 14.9 **1M 17.9 299 24.9 209 111 210 3.10 AC! U.Y 15A_ 28.9 21J
      860 words
    • 224 38 Ifwc. P.t perusaklAAJ WyWfIAVM I \m KALIMANTAN r DIRECT WEEKLY SERVICE TO 1 1 JAKARTA/TG. PRIOK Vessel ETA/ETD DESTMATION i NIAGA XXI Voy 20/91 11/19 Sep Marta/P*mban( a I NIAGA XXI Voy 21/91 20/21 Sep jakarta/Paiembant f NIAGA 42 Voy 16/91 23/24 S«p Jakarta/Pafenbanc f i NIAGA XXI Voy 21/91
      224 words
    • 1354 38 f a a i> it» a J 1"^ <«? CHINA OCEAN SHIPPING COMPANY FTJLL CONTAINER LINKS SERVICE CIIMC*fISn tiirriiir nun "WO" GO«M AGDfTS STSmaTpUTRA gSSWgHJftP «KT« SWM« PTE LTD JjfcggKk GUAM GUAN SHPPING SDN RHH mt 4«1 fIOHCOj» NOMB *T»Sr CI NO U7S7SMOMII ttL&l 111/14 ijn? 55 m 2 MBTW
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  • Page 39 Advertisements
    • 452 39 Come Onl Shippers! We ore offering Competitive rales to For East; Europe, Mediterranean ports.... We Hande your consignment with Care. Ship your consignment on Time. And do it with utmost Efficiency. Don't hesitate and oal us now! FAST DIRECT REGULAR SERVICE TO MDONESIA PORTS PK. BALAM/PANJANG/PALEMBANG/MUNTOK VSL ETA ETD LOADING
      452 words
    • 486 39 ffiNicHFIEL^ESIS^IGEIICIE^S^T^U?| TEL: *****33 (12 Uoee) (T) FAX: *****15/*****03 Oa| TELEX: R8 ***** RIBHIP (3 Line*) !TC\ ETHIOPIAN SWPPW6 WB Y (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOAOINQ FOR SPORE ABYOT 26W8 5/10 DARESSAIAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA NETSANET 25W8 23/11 OARESSALAAM. MOMBASA. DJIBOUTI ASSAB. MA33AWA
      486 words
    • 827 39 m ■■■■l■■■■■■■■■ SEAWARD SHIPPING AND TRADING CO (S) PTE LTD IT* tl» EH SPOM WBT XEIANG KMNG nut IAOf 2S/9 Loading tor Male KMAI HUOHU 30/9 Loading to( Calcutta OOUWI 19/9 Loading For Male ram anas 23/9 20/9 Loading For Male DONAKU.M 30/9 Loaded For Fehraru rtoGKH LBtirr 30/9 Loading
      827 words
    • 722 39 JAKARTA BANGKOK r= m s n= JSS S 2 155 E mmrm BHUM 109S 21/# 24/9 NANTA BHUM SBN In Pt 18/B Sun tV* OASA EfIAM 2V» KITI BHUM* 02N to Pt 11/9 Sm 22/9 1/10 CHAITA BHUM# 24N Sat 21/9 TM 24/9 EWAM Vl< mm BHUM# 79N SM 22/9
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  • Page 40 Advertisements
    • 1000 40 MAC-NELS SPORE IMPORT:'22I6OO2 I PENANG: (04) *****6 SIBU: (084) *****9 KK: (086 *****0 TAWAU: (089) *****9 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA: (31) *****0 PEN PK SIN Colombo 22/9 23/9 24/9 21/9 22/9 23/9 Ldn/Fh/Rdm/Ant Durban/Ft Louis 20/9 21/9 22/9 22/9 23/9 24/9 Gottwnburf/StockMm/OsJo ,B| ...v..-.
      1,000 words
    • 349 40 ffgfc* BLUE STAR LINE TO FROM 0/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS j SM m wi in MA NO AM A 0504 25/9 7/10 VIA NPI 9/10 26/10 WEEETUS 30/9 11/10 V» NPI 13/10 30/10 MULBCRA 23S 11/10 23/10 VIA MPI 25/10 11/11
      349 words
    • 1185 40 I THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11. *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA ttSSEL IVOY lETA IKST VESSEL WT SPOtE P.
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  • Page 42 Advertisements
    • 6 42 Read Chartpoint in BT every Saturday
      6 words
    • 137 42 UP- LIVING IT. S? EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, youll know you're alive alter that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take
      137 words

  • Page 43 Advertisements
  • Page 43 Miscellaneous
    • 253 43 TIDES AND WEATHER TODAY'S TIOCS (tettW m metres) HO* *****1M02M13MHM MM MM 87MMMMM im 11M 12M 13M MM 15MMM»M nmwmnniwifwi 1.3 1.1 0.9 0.9 0.9 1.1 1.3 1.5 1.7 1.8 1J L 7 1.6 1.5 1.5 15 It 1J 2.0 12 2.3 2.4 12 20 Z i i H „°l2
      253 words

  • Page 44 Advertisements
    • 659 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHAWT MAWNE CO. LTD. gATBOONP FEEDER TO PACWC SOUTH-WEST TO PACIFIC NORTH-WEST fan w ra nt la luhmi wt un om mum wt wm/» rn NMHM2OI U4 23/ M 24/ M 20/ M H CMMIEMEK 45£ 21/10 24/10 21/10 MT MBS Sft 11/10
      659 words
    • 182 44 REGULAR WEEKLY CONSOL TO: EUROPE I Milano Genoa Fdixstooe Hamburg -SS-i m PT. CELEBES LINES dedicated feeder service to from Surabaya Vmml Vo Y «la Sin «ta Surabaya Bootang Pacific 028 20/09 25/09 Tanto Utama 195 24/09 27/09 Bontang Pacific 038 28/09 02/10 Tanto Utama 197 02/10 05/10 Bontang Pacific
      182 words
    • 462 44 CHARTPOINT Every Saturday in Business Times SIN JKT PEN PKL JOH BKK BSB MNL Tel: *****11 *****66 *****8 *****98 *****2 *****29 *****3 *****78 Fax: *****59 *****14 *****8 *****88 *****6 *****17 *****5 *****78 lar I* I" I**"- ri <& i 1" rI- Is |-1-|-1 our usa •u mm ism iv» lucira
      462 words