The Business Times, 20 July 1989

Microfilm: NL16672
Total Pages: 54
1 54 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 THURSDAY, JULY 20, 1989 75 CENTS
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  • Article
    FINANCIAL NEWS SUMMARY
    238 1 Footsie up LONDON share prices were higher at midday yesterday as a surge of cash entering the market swept shares broadly higher. At about 1115 GMT, the 100-share index was 17 points, or 0.75 per cent, higher at 2,290.1. AP Dow Jones up RENEWED HOPE that the
    238 words
  • Article, Illustration
    Regional markets close higher
    231 1 REGIONAL MARKETS pulled ahead yesterday with Tokyo rebounding after five straight days of losses. The Singapore bourse saw a day of brisk trading with the Straits Times Industrials Index rising 7.41 points to hit a postCrash high of 1,369.02. The Business Times Composite Index rose 5.38
    231 words
  • Article
    Lock icon Small rise in US consumer prices
    116 1 Reuter AMERICAN consumer prices rose a modest 0.2 per cent in June, the smallest rise since February 1988, the US Labour Department said yesterday, as a sharp drop in oil prices helped cut the rate of inflation. The small increase, after a 0.6-per-cent rise
    Reuter  -  116 words
  • Article
    Lock icon Taiwan's banks now free to set their own interest rates
    527 1 Reuter TAIWAN yesterday ended 14 years of interest restrictions and allowed banks to freely set rates according to their funding costs. The move follows yesterday s implementation of a new banking law under which both local and foreign banks can
    Reuter  -  527 words
  • Article
    Conditions right for a S'pore stock index futures contract
    539 1  -  EARLIER PLANS SHELVED FOLLOWING 1987 GLOBAL CRASH By ROSIE TAN INVESTORS can soon look forward to trading in a Singapore stock index futures (SIF) contract on the Singapore International Monetary Exchange (Simex). Well-placed sources say the technical and market conditions are
    539 words
  • Article
    QAF stakes $10 million in Philippine Pepsi venture
    489 1  -  By WILLIAM CHIA FOOD GROUP OAF Ltd. in its first major investment this year, is staking more than $10 million on a share in the booming soft drink market in the Philippines. The company announced yesterday that it had entered into a
    489 words
  • Article
    Pledge from departing NZ forces
    402 1  -  By JOHN THOMAS NEW ZEALAND military forces, which are leaving after 34 years of continuous deployment in Malaysia and Singapore, would return if there were to be a threat in the region, the commander of the New Zealand Forces Southeast Asia (NZFORSEA) said yesterday. "We
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  • Article
    Bank's '20pc fall' forecast sends A$ reeling
    216 1 THE AUSTRALIAN DOLLAR fell sharply against the US dollar yesterday following an adverse bank report that claimed the Aussie unit may lose up to 20 per cent of its value in the next two months. Released by Londonbased merchant bank Citicorp Scrimgeour Vickers,
    216 words
  • Page 1 Advertisements
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      93 1 Cassette Receiver D Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore: Phone. *****22 Kuala Lumpur: Phone. *****33 Panang: Phone. *****5/*****1 Jakarta: Phone *****5 Be Piaget. Dot it show your hand. PiageT f huijjhk i:\ if uu xmnl */1 ft w (,h:\i\h: PI\GET SISf.APitKh PTE lID ShmrrmmandSerrke Centre The Shopping
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      Page 1 Advertisements Column 2
      223 1 Full report, PAQE 16 Regional Mkts, PAQE 18 World Mkts, PAGE 1t Editorial comment 10 A spirit that will live on Asean ministerial meeting 10 When the spirit of unity prevailed NZ troop withdrawal 11 More than an end of an era Winchester House 2 Tenants seek better compensation Advertising
      223 words
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      Page 1 Advertisements Column 3
      105 1 WITH BUSINESS TIMES today; an annual SES Supplement which reveals the exchange's latest projects, brings you up-to-date with the current hot word globalisation and gives you a Who's Who in the market today. And that's just the tip of the bull's horn. Elsewhere, David Fuller, writing for BT, has a
      105 words
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      Page 1 Advertisements Column 4
      10 1 Taipei runt political risks with new banking law, BACK PAGE
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      Page 1 Advertisements Column 5
      56 1 `'/>%)^<+?[](^@"?@..\_*~`\},`~& NZ troop withdrawal marks mora than an and of an ara, PAGE 11 HO M E BU Y K K S A NSVV K K Send for our free step-by-step Home Buyer's Guide to help you through the j biggest financial decision of your life. J Limited copies available.
      56 words
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  • HOME NEWS
    • Article
      Winchester tenants holding out for higher compensation
      463 2  -  By LEE HAN SHIH SOME 40 shopkeepers stand in the way of hotelier Ong Beng Seng and his Japanese partner, Kowa Real Estate Investment Co Ltd. and their huge office and retail project in Collyer Quay. The shopkeepers are tenants of Winchester House,
      463 words
    • Article, Illustration
      Sembawang Hldgs awards $3m deal to Digital
      372 2 SEMBAWANG Holdings yesterday awarded a $3-million contract to Digital Equipment Singapore for an integrated computer system to cope with the group's growing volume of business. "With this system in place, we will be able to link the various parts of individual companies within
      372 words
    • Article
      Malta selling itself as gateway to EC market
      327 2 MALTA'S position as a staging point for entry into the enlarged European Community market in 1992 became apparent at an investment seminar held yesterday. The Mediterranean island has not only close geographical links but political ties as well with Europe. But while
      327 words
    • Article
      Panel being formed to set standards in IT
      401 2  -  By JEFFREY TSANG A NATIONAL committee to establish standards in information technology (IT) is being set up to make it easier for computer users to communicate with each other. The committee, to be formed by the National Computer Board (NCB) and the
      401 words
    • Article
      Ngee Ann Poly visit for trainee teachers
      141 2 MORE THAN 300 trainee teachers visited Ngee Ann Polytechnic yesterday under its awareness programme for present and future student advisers. The recent emphasis on polytechnic education has made it pertinent for teachers to be versed in the tertiary education scene so as to
      141 words
    • Article
      Telecom spending $13m to replace overhead wires with underground cables
      257 2 IN ANOTHER effort to upgrade services for users, Singapore Telecom is spending $13 million on a major project to replace its network of overhead telephone wires with underground cables. The project covers the whole of Singapore, wherever there are overhead
      257 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      464 2 =('/$>,}$/}{$\?:&!]=)~=%+..\.'( It appeals to both sides of your brain. For every purchase from 1 Jul. to 30 Sept.l9B9 On board interfaces make it easy to bring in outside help from a mouse, printer, modem or other tools h'tve expansion slots give you room to grou one for high speed memory
      464 words
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  • ADVERTISING & MARKETING
    • Article, Illustration
      Asics shop in Marina Square
      144 3 ASICS the name attached to the 1987 Asian Track and Field Championship has got more to show than Just Asian track queen Lydia de Vega in Aslcs running shoes. It has opened its own store in Marina Square displaying a wide range of Its products
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    • Article
      COPY LINES
      426 3 IDEAS, INNOVATIONS and information. That is the basis of a new magazine Triple i launched yesterday to bring the business communities of the United Kingdom and South-east Asia closer together. Triple i, jointly launched by the Asian Business Press and the British High Commission, aims to keep readers
      426 words
    • Article, Illustration
      Lock icon The personality types of S'poreans
      554 3  -  PROFILES RANGE FROM THE 'BO CHAP' TO THE 'BRAT PACK' By GENEVIEVE CUA THE BRAT PACK. Comfortable Careerist. Dependent Matriarchs. These are not more westerncoined names which Singaporeans squirm to fit into, but the first research-backed labels attempting to pinpoint what makes local consumers tick.
      SRS cartoon  -  554 words
    • Article
      Hosiery for 'unpredictable, sexy and alluring' women
      259 3  -  By SANGEETA MULCHAND WITH WOMEN striding into fashion with intricately designed, multi-coloured hosiery, Transmarco Trading is spending $100,000 in advertising to capture a share of the market. The year-old wholly-owned subsidiary of Transmarco Fashion acquired the agency of the French lingerie and hosiery
      259 words
    • Article
      Keen interest in findings of psychographics study
      246 3 ADVERTISING AGENCIES and advertisers contacted by BT showed keen interest in the results of the first psychographics study by Survey Research Singapore (SRS). Most agencies and advertisers who have subscribed to the survey, among whom are J Walter Thompson and Borneo Motors, say
      246 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      80 3 k,. r v fh V* wm > K v* SR ul A" 4 t WW? gel S3 V tf-i iV- '-> i > >* ,wi "v>P *?V B r; 3M £Si '''x- JeSPP V J. S 3* n Sw J 'J s •t »ge m 'v i. SIJ •i *T
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  • ASIA-PACIFIC
    • Article
      Lock icon Major reshuffle for South Korean Cabinet
      318 4 Reuter SOUTH KOREAN President Roh Tae-Woo replaced six ministers in a major Cabinet shake-up yesterday but retained Prime Minister Kang Young-Hoon, a presidential spokesman said. Park Seh-Jik, head of the Agency for National Security Planning. Seoul's powerful central intelligence arm, was also replaced by
      Reuter  -  318 words
    • Article
      Lock icon Japanese farmers deserting ruling party
      421 4 AP ON TOP of its troubles with sex and money scandals and an unpopular new tax. Japan s ruling party goes into parliamentary elections on Sunday facing a loss of support from some traditional backers the nation's farmers. Farm groups see the government as too
      AP  -  421 words
    • Article
      Lock icon Japan, Hongkong want Gatt anti-dumping code revised
      402 4 MOVES TO COUNTER EC DUTIES FT JAPAN and Hongkong, stung by duties imposed by the EC on rapidly growing consumer and high-tech electronic exports, are urging revision of the General Agreement on Tariffs and Trade s anti-dumping code. Tokyo has proposed to the
      FT  -  402 words
    • Article
      Lock icon 'Chip-making machines sent to East bloc'
      217 4 NYT INVESTIGATORS disclosed on Tuesday that some of Japan s most sophisticated equipment for making computer chips was illegally diverted to Eaat Germany by a company that ia also suspected of sending nuclear material to the Soviet bloc. The chip-making equipment may enable East
      NYT  -  217 words
    • Article, Illustration
      Lock icon Bhutto lauds ADB's role in helping Asian economies
      227 4 AFP PAKISTANI Prime Minister Benazir Bhutto on Tuseday praised the Asian Development Bank's role in improving the economies in the region and blamed falling international raw material prices for declines in export earnings. "As the bank's largest borrower, we sttach specisl significance
      AFP  -  227 words
    • Article
      DAILY AIRCRAFT MOVEMENTS
      985 4 ARRIVALS Operator Sorvfco number Local Mm* From ALK StA KAL TMA StA IAC MM SU SIA SU MAS MAS MAS MAS ACA SIA CPA GiA GU SIA RRA QFA SU GU PAL TMA SU TtY AM HK GU SU TMA •AW MAS SU su SU SU SU
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      141 4 Time passes all too quickly in Thai's new Royal Executive Glass Lounge, Bangkok. Whiling away the time in transit becomes so much more pleasurable in Thai's new Royal Executive Class transit lounge at Don Muang Airport, Bangkok. Specially created for Royal First Class and Royal Executive Class passengers, youll enjoy
      141 words
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      Page 4 Advertisements Column 2
      39 4 The bvmcM penoa't cheie cmy Tuesday, Tk«n4n. Sitvrdn ltd Stadiy. Leaving Ckangi Airport at J£os kowi and i>iiiia» >L- M MOUIftTW any IBC KMpO* tn| mOflMOgCW/ your Tmti Agtnt or Air Canadb m 7i2tSS5. A BREATH OF FRESH AIR
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  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      67 4 July 18 (°c) 19/15 Cloudy 32/22 Clear 12/09 Roln 39/20 Cleor 34/26 Cleor 31/25 dowdy 33/20 Cloudy Beirut Belgrode Berlin Bermuda Bogota Brisbone Brussels Budapest Buenos Aires Cairo Colgory Caracas CMcogo Cop'hagen Dublin Frankfurt Geneva Manila Mexico Oty Miami Montreal Moscow Nassau New DeM New York Nicosia Oslo Ports Perth
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  • REST OF THE WORLD
    • Article
      Lock icon Italy urges EC to take tough line on Japanese cars
      436 5 Reuter ITALY urged the European Community (EC) on Tuesday not to scrap restrictions on Japanese car imports unless Tokyo agreed to allow EC producers a far bigger share of its own car market. The call, which is almost certain to
      Reuter  -  436 words
    • Article
      Lock icon Moscow to import essential goods worth US$16b: Gorbachev
      462 5 AFP MOSCOW is to spend 10 billion roubles (about US$l6 billion) on importing essential goods, Soviet President Mikhail Gorbachev said, warning that the roots of Soviet discontent were economic woes. Addressing a meeting of key regional Communist Party leaders in Moscow on
      AFP  -  462 words
    • Article
      Lock icon Sharp rise in West German trade with communist countries
      306 5 FT WEST GERMANY'S trade with communist countries has risen sharply this year as they seek to modernise their industry, but is still being held back by the precarious economic situation in some parts of the East bloc, the Bundesbank said in
      FT  -  306 words
    • Article
      Lock icon America to allow sale of PCs to Soviet bloc
      531 5 NYT IN A SHIFT in American export policy, the Commerce Department announced on Tuesday that it planned to allow the sale of a broad range of personal computers to the Soviet Union and Eastern bloc nations. The department said that its
      NYT  -  531 words
    • Article
      Lock icon Foreigners may have to seek US approval for takeovers
      196 5 FT NEW REGULATIONS proposed by the US Treasury are likely to force foreign businesses for the first time to seek US government approval for American mergers, takeovers and other investments before deals are concluded. The regulations, required by last year's Trade
      FT  -  196 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      123 5 $Pr ft w Malayan Motors A Division of Wearnes International (Pta) Ltd 45 Leng Kee Road Singapore 0316 Tel 473 7755 Brunei Distnbutor PREMIER MOTOR SDN BHO 2'/? km Jalan Gadoog. Brunei Darussalam Tel 02-! sv I; si' "-1 V n it even has anti-yaw contra v f 11* Staying
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  • Page 5 Miscellaneous
    • Miscellaneous
      Page 5 Miscellaneous Column 1
      52 5 Doonesbury M 9.3 g I z? ln»j£ -M fT UAStfT HARP. SHM6ALKASH IN 7M£ BHBfIESY SG&QN6A&AVM. TUB CHIN&Z KNOW M&eeOTHBI, 50TH&&5 NO SNSAKJN6 HGR OUTOFWeCWMKi... 2 r BY GARRY TRUDEAU ALL UB CAN SU66BST MARKY IS I9SUIN6 YOU A PIPLOkmcr*G6POKr.iH£N yOU COULPMARW H&R, *440/ AWSHtVBZPWWaW. < m < Mi 5=
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  • COMMODITIES
    • Article
      Palm Oil
      516 6 MALAYSIAN CRUDE PALM OIL prices closed lower yesterday, extending Tuesday's losses on renewed selling and buyers' reserve, in line with a fall in palm oil futures. Dealers said poor export business and rising palm oil stocks kept a lid on values. July South fell M 57.50 to M
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    • Article
      KL Tin
      177 6 SELLING by small miners pushed the Kuala Lumpur Tin Market price down 25 sen lo M 525.00 a kg yesterday, brokers said. Miners who were holding on to their etocfce were forced to releaae the metal due to cashnow prooivmi ana int van on the London Metal Exchange,
      177 words
    • Article
      Rubber
      349 6 SMGAPORE. Rubber prices closed slightly higher yesterday, with August 1 RSS buyer quoted at 176.00 cents a kg, up 0.50 cent from Tuesday's cloee. Dealers said prices rallied slightly in the afternoon on short-covering of nearby positions after recent falls. Trading was quiet due to a lack of fresh
      349 words
    • Article
      RAS and MRELB
      290 6 RAS prices kite wito/kg. FOO In bal« 1 NOON CLOSE Ivytn SoMon Ivyon Sotiort Int 1 RSS Prompt 177.25 178.25N 177 JO 178 JON tor 1 RSS Aug 175.75 176^5 ***** *****N Int 1 RSS Sap 177 JO 178.50 177.75 17&75N tor 2 RSS Of 175 JO
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    • Article
      SSR and SMR
      80 6 (cn*Afl> AUGUST 1989 SEPTEMBER 1989 (currant month) (forwor 4 month) RAS NOON NOON lwy<n StAin lwy«n S4m SSI 30 149 JO 151 JON isaoo 152-OON SSI 50 147 JO 149 JON 141.00 150.00N MRELB |Uy tf| SMM Slim SMI cv 230.50 232J0N 232.50 234.SON SMI I 232.00
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    • Article
      Produce Prices
      197 6 Chinese Produce Exchange SeWen' noon dodn g prtoM on July 19 (SI/100 kg) Coconut otl Bulk FOB 103.00 Otd drum FOB 113.00 Now drum FOB 117.00 Copra Mlxod (Ioom) 59.00 IflffS Poppor t*. -LU- WTVIv FOB NLW 507.50 Sarawak *Mlt FOB foq NIW 497 JO Sarawak tpadot block
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    • Article
      London markets
      257 6 London Commodity Exchange Buyer/Seller dosing prices on July 18 (£/tonrw unless specified). Previous dosing prices In parenthesis. Coffee Basis In-storo London, toilon option OF London M 821/823 (816/818) t«gh/Low 821/815 Sop 822/824 (818/820) Ntfi/Low 825/813 SoWt (1576) Coc<w Jul 868/870 (869/872) HRgh/Low 875/870 Sop 884/885 (888/889) High/Low 900
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    • Article
      Lock icon Wheat
      186 6 Reuter CBT WHEAT futures ended the Tuesday session with 4-1/4 cents to 2-1/2 cents per bushel gains. July, which goes off the board today, closed at US$3.B7-1/2 and September rose 4.0 cents to US$3.BO- a bushel. Commercials came in earty to underpin the September contract below US$3.B7 a bushel
      Reuter  -  186 words
    • Article
      Lock icon Soybean
      198 6 Reuter SOON-TO-EXPIRE July and nearby August soybean futures closed with doubledigit gains on Tuesday while January paced loeses and fell 9-1/4 cents. Traders linked the extension of Monday's limit losses in new-crop months to the weather. Selling dried up near the end of the session, however. Speculative short-cover-ing and
      Reuter  -  198 words
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      Page 6 Advertisements Column 1
      190 6 CAPTURE THE DETAILS THAT EVEN YOUR OWN EYES MISS FIRST TIME ROUND. SmVHS Super VHS m Super JVC Nr mm VHs HL 1 r^ n a JVC I GF-SIOOOHE FULL SIZE SUPER VHS VIDEO CAMERA Full hi-fi stereo sound Full editing functions Variable speed electronic shutter Super DA-4 head system
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      Page 6 Advertisements Column 2
      8 6 Pr«ck>us metals and crud* oil rapocte, PAGE 9
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      119 7 ocks t the ghl. r?«BIE Congratulations to the Stock Exchange of Singapore Ltd. Recently, the Stock Exchange of Singapore became one of the world's first to implement a fully computerised trading floor. This innovative Central Limit Order Book system does in mere seconds, what in the past took valuable hours.
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1046 8 SINGAPORE: The US dollar closed lower yesterday after Bank of Japan intervention and prof-it-taking reversed its early rise on speculative and commercial buying, dealers said. It closed at 141.45/55 yen against New York's 141.50/60 yen and at 1.8935/45 against 1.8960/70 marks. Dealers said the dollar lacked clear direction
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    • Article
      Asian dollar market
      295 8 ASIAN DOLLAR deposit rates ended at opening levels yesterday, themselves steady to slightly higher than Tuesday's closing levels. dealers said. The market was awaiting the release of US June Consumer Price Index and housing starts, both due at 1230 GMT yesterday. Term rates firmed 1/16 to 1/8
      295 words
    • Article
      Lock icon Simex
      532 8 BA Futures SEPTEMBER EURODOLLAR futures yesterday opened 9 ticks lower than previous Simex close at 91.33 following a larger-than-expected widening in the US May trade deficit data that dash hope of an imminent easing by the Fed. Prices eased on position squaring ahead of yesterday night's release of the
      BA Futures  -  532 words
    • Article
      IMM
      271 8 MOST IMM CURRENCY futures ended an active Tuesday session higher, but off peaks. Near session end, futures pared gains on profittaking ahead of yesterday's US June Consumer Price Index report. Futures, however, climbed during most of the session, buoyed by the May US trade report on Tuesday. Dealer buying
      271 words
    • Article
      Money markets
      61 8 THE OVERNIGHT rate on the Singapore money market rose by 1/8 point to end at 5-1/4 per cent. The one-, two- and three-month rates rose by 1/16 point each. S$ Interbank rates at the dose yesterday: orai mo OimSI/4 9 1/» Ihhoi* S 3/16 9 3/16 2-moff* 3
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    • Article
      Government Securities Market
      104 8 Treasury bills Period Issue Yesterday's dosing Day's code Maturity WO OFFER HIGH LOW 3 month* 8Q*****N 19.10.89 3.79 3.74 3.79 3.72 6 months 8S*****V 18.01.90 3.96 3.91 3.98 3.87 1 y*or BY*****F 24.05.90 4.12 4.07 4.11 4.08 Government notes and bonds Period Issue Maturity Coupon Yesterday's dosing
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    • Article, Illustration
      World interest rates
      176 8 IndkilM iht iwiji of ■1. n m 1,, ,<■— uiw prima rirtt or 12 ma|or banks In S'por* Interbank market rates (offer/bid) on July 19 US$ DM SWFC Y«n 7 4oyt tl/4-t 14 3/14 1/1* 7 1/1-7 7 1/4 7 I/* 3 1/4 3 1/t 1 14
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    • Article
      Options
      1228 8 CURRENCY FUTURES OPTIONS Wadnatdoy, July 19. 1989 DEUTSCHE MARK (SIM EX) MM L— M 0*p High M puM Law Saa 32 64 53 110 34 171 Wadnasdoy, July 19, 1989 JAPANESE YEN (SIMEX) top M can* HM 1 Sett top M0I HpuM Law toa 75 418 CURRENCY FUTURES OPTIONS
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      288 8 25-28 July, 1989 Changkat Pavilion Jalan Changkat Stadium Kuala Lumpur, Malaysia I Benefit from the "World Connection The 2nd presentation of the Internepcon/Semiconductor International Malaysia Exhibition from 25 28 July 1989, will bring together the biggest, most authoritative line-up of electronics and semi-conductor equipment and materials manufacturers and suppliers in
      288 words
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      Page 8 Advertisements Column 2
      3 8 Comex, PAGE 9
      3 words
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  • BANKING AND FINANCE
    • Article
      Lock icon CFTC calls for automation of futures trading
      295 9 Reuter THE CHAIRMAN of the US Commodity Futures Trading Commission (CFTC) said futures exchanges could help prevent cheating by moving towards computerised execution of trades. Wendy Gramm told a House Agriculture subcommittee that automation might more effectively prevent trade practice abuses than tighter
      Reuter  -  295 words
    • Article
      Lock icon Retain dual trading in US exchanges: Nymex chief
      177 9 Reuter NEW YORK Mercantile Exchange Chairman Lou Guttman urged the United States Congress to preserve dual trading privileges at US futures exchanges. Dual trading occurs when traders buy or sell contracts for both themselves and customers. They cannot profit by trading their
      Reuter  -  177 words
    • Article
      Lock icon US dollar, bonds and stocks fall on poor trade figures
      284 9 Reuter AN UNEXPECTED 24 per cent rise in the US trade deficit for May hurt the dollar as well as stock and bond prices and revived a host of doubts about the economy's outlook. The deficit widened to U5510.24 billion,
      Reuter  -  284 words
    • Article
      Precious Metals
      264 9 HONGKONG: Gold closed little changed in quiet but choppy trading yesterday. Bullion ended at U*****.80/372.30 compared with New York's U*****.00/50 close. Locally, gold closed HK$B higher at HK53,465 a tael. Coins were generally higher. TOKYO: Yen-denominated gold futures closed mixed with gains of three to losses of six
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    • Article
      Lock icon Citicorp's 2nd quarter profits up by 10pc
      302 9 Reuter CITICORP, US largest bank group, said its second-quarter profits rose 10 per cent to US$395 million due to continued strength in its global consumer division, overseas currency business and overall cost control. Citicorp, parent of Citibank, earned US$l.ll a share in the
      Reuter  -  302 words
    • Article
      Comex gold/silver futures
      172 9 Gold futures on July 18, 1969 100 troy ounces; USS par troy ouni a Opaa High Low ••Me M 372X0 >1X0 A«g 371 JO 374.90 371X0 373X0 >1X0 S*P 374.10 ♦170 OtJ 373.30 378.80 375.10 378.10 1.70 Ok 379.40 383.30 379.20 382.30 1.70 Fob 90 386.10 384.10
      172 words
    • Article
      Lock icon Crude Oil and Products
      134 9 Telerate FUEL prices were stable despite the bearish market sentiment, following the release of API stats. Buyers of prompt CST-180 were at $93 mt fob Sing, with sellers $222 mt away. A refiner bought 2.8% S CST-180 at $96.5 mt fob Sing. Elsewhere, Isthalf Aug CST-180
      Telerate  -  134 words
    • Article, Illustration
      Loans to building, construction sector poised to recover
      445 9  -  Current massive property loans boost optimism By HONG LEE TIAM BANK loans to the building and construction sector are poised for a recovery this year, following three years of decline. Bankers attribute their optimism to the numerous massive property loans currently being
      445 words
    • Article
      Savu signs $240m NIF to finance Collyer Quay project
      239 9  -  By SOH TIANG KENG, Financial Correspondent SAVU Investments Pte Ltd a company associated with businessman Ong Beng Seng yesterday signed a $240 million guaranteed note issuance facility with 35 banks to finance the redevelopment of Singapore Rubber House and Winchester House.
      239 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      194 9 Seminar on Banking Laws and Regulations KPMG Peat Marwick will be holding a seminar on the major provisions of the Banking Act and the major banking and merchant banking regulations in Singapore twice, once on 16 August 1989 and another on 29 August 1989 at the Westin Plaza from 830
      194 words
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      Page 9 Advertisements Column 2
      258 9 YOU CAN'T AFFORD TO BE IN BUSINESS IN ASIA WITHOUT IT! HBH WJWJJTJTJTH WW ill] G3 St A V» t ,»K*N N KAV,.< *m-< >* K <* Jews Briefs *f, South C m bv 9 P&P**4SBj|feV jWi] j [3 RESERVATION FORM SEND TODAY FOR THIS VITAL BUSINESS INFORMATION: Box 537,
      258 words
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  • PERSPECTIVE
    • Article
      A spirit that will live on
      485 10 THERE IS A curious fear among some people that Asean may be weakened, or even lose much of its rationale for existing, if and when the Cambodian crisis is resolved. The invasion of Cambodia in 1979 led to a decade of resolute opposition to
      485 words
    • Article, Illustration
      When the spirit of Asean unity prevailed
      1487 10  -  Observations abounded over the world that the respected Asean solidarity had been severely shaken by new developments on the Cambodian issue such as the Vietnamese withdrawal. But BOEY KIT YIN of the Foreign Desk, who was there, looked at how the six Asean
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    • Article, Illustration
      Of acid drink, red Rolls Royce and first timers
      535 10 SECURITY was extremely tight at the Brunei International Convention Centre when US Secretary of State James Baker arrived for the 22nd Asean Ministerial Meeting dialogue partner talks. When Mr Baker decided to give a halfhour press conference, journalists were thoroughly checked.
      535 words
    • Article, Illustration
      NZ troop withdrawal marks more than an end of an era
      1223 11  -  Troops of the New Zealand Force Southeast Asia (NZFORSEA) based in Singapore hold a ceremonial parade this evening, marking the disbandment of New Zealand's first and only independent tri-service military arm abroad and the return of a part of
      1,223 words
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      Page 10 Advertisements Column 1
      197 10 SINGAPORE «J NC£ Ml TT^JUBC TOPIC: "Singapore Property Market and Investment" State of the Singapore property market where is it heading? Impact of foreign demand Investment criteria and opportunities Yields and gains Checklists for property investors and developers Speaker: Associate Professor Lim Lan Yuan, President of the Singapore Institute of
      197 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      35 10 DO N'T KNOUJ oc B pue>nc gf.LpavoNS P£PP>RTtne.NT ,cf\ H p|VC You seeN TH6- £>We or outf FiNISHEX) PRoDOCT? TneH e>eueve. v foo nie,— u)e NCCP ft foBuc RGIATiONS c J IVfNIWO |T»*0*«OCO LTO IMJ—tM4
      35 words
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      Page 11 Advertisements Column 1
      138 11 A BADGE OF HIGH OFFICE FOR MORE AND MORE TOP EXECUTIVES i ■mr -y' S ?t! -pp |MHH| VOI.VO >• o Why is Volvo such an increasingly popular choice for the key personnel of top companies? Is it for the prestige that a Volvo carries? Or for its performance and
      138 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Lowering cholesterol without oat bran
      781 12 HEALTH NYT "WELLNESS UPDATE: thirty-year-old man starting on the twenty-five thousand-pound oatbran muffin he must consume over 40 years in order to reduce significantly his risk of death from high cholesterol." So reads the caption under a Donald Reilly drawing in the Jan 16, 1989,
      NYT  -  781 words
    • Article, Illustration
      Unbearable Lightness of Being a hit in Moscow
      683 13 CINEMA THE UNBEARABLE Lightness of Being generated an incredible jolt of electricity when it was shown at midnight to packed houses Moscow's 3,000-seat October theatre last weekend. The Moscow viewers audibly relished the erotic humour and vigorously applauded the anti-communist dialogue. They
      683 words
    • SHORT TAKES
      • Article
        Indonesian treasure hunt
        102 13 Works to salvage sunken treasure from ship wreckages in the Riau provincial waters off the Sumatra coast were reported to have been stepped up since last month following the government's approval to three local expedition companies to carry out the operations. According to reports, the operations were,
        102 words
      • Article
        Satanic Verses comes out in French
        121 13 An unabridged French translation of Salman Rushdie's controversial book, The Satanic Verses, was due to go on sale in bookshops throughout France yesterday, publisher Christian Bourgois said in Paris on Tuesday. Mr Bourgois, who owns the copyright to the book in France, said that
        121 words
      • Article
        Sacred Hindu epic turns money-spinner for TV
        89 13 India's most sacred Hindu epic, broadcast as a marathon soap opera, has earned over US$l5 million for state television and is not even half-way through, Parliament was told on Tuesday. Minister of State for Information and Broadcasting K K Tiwary told the Lok
        89 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      813 12 COURVOISIER VS.O.Ptttttt TO I Ml I lAIN ONE G(X)D REASON TO LUNCH AT THE PALM GRILL IS OUR APPETISER BUFFET ANOTHER IS THE CHOICE OF MAIN COURSES. For between $26++ and $40+ you can select from our appetiser GRILL buffet including seafood, smoked salmon and oysters. Choose from many lavish
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      Page 12 Advertisements Column 2
      185 12 fTPmTTv .Vi'i kll 'i'i ii i RTTTm Join us as we come to the climax of the competition for Singapore's riches annual fashion and glamour event. Tickets for the Grand Finals at $90 nett are available at the Mandarin j Reservations Counter. f J" (,K WI» I I\ \l s
      185 words
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      214 13 Happy Mourns In The Park Our early evening Happy Hours at The Fountain Lounge are dimply delightful. For every drink you order you get the next one free. Phu<, you get 25% off bottle purchases. And to make sure you 're totally happy, there's great music to listen to. Happy
      214 words
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      Page 13 Advertisements Column 2
      39 13 I I QUALITY Prestige De La France Courvoisier is the only cognac house ever, to receive France's Highest Award for Quality. Lomfr I fjk\ 'yS v n -J'/ I m mi wsfc* X.I MB i Si 4 COGNAC COURVOISIER,
      39 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      619 13 26 27 CRYPTIC PUZZLE 1 Swimmer taking breath (6) 7 Catch up with a renovation job (8) 8 Tools handled by shoe-makers? (4) 10 Verse effort by a writer (6) 11 Cruel type possibly said to be a saint! (6) 14 Very small, we note (3) 16 She makes a
      619 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1324 13 TV and RADIO v? V 4 *rm vwMfii OUR CHOICE THE GAMBLER PART III: THE LEGEND CONTINUES, 10.30pm, SBC 5 The legend continues, and so does the same formula. Kenny Rogers plays a professional gambler in the wild, wild West. Bruce Boxleitner is his sidekick, and together they get involved
      1,324 words
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  • SPORTS
    • Article, Illustration
      Lock icon Ballesteros aims for all-time greatness
      544 14 BRITISH OPEN AFP SEVERIANO Ballesteros, already assured of a place in the golfing history books for winning five major tournaments, aims to join the sport's all-time greats in Troon, Scotland, this week. When the world number one tees off in the 118 th British Open
      AFP  -  544 words
    • Article
      Lock icon Britons back in the limelight
      436 14 AP NOT SINCE the days of the Grand Triumvirate, almoet a century ago, have three men caught the fancy of British golf in the manner of Nick Faldo, Sandy Lyle and lan Woosnam. In the period from 1894 to 1914, Harry Vardon, James Braid and
      AP  -  436 words
    • Article, Illustration
      Lock icon LeMond defies all odds in Tour
      295 14 CYCLING AFP AMERICAN Greg LeMond defied all the odds with a brilliant ride in France over the legendary Col de I*l- on Tuesday to keep the leader's jersey in the Tour de France at the end of the 16th stage LeMond. virtually having to
      AFP  -  295 words
    • Article
      Lock icon TENNIS Zrubakova wins, so too Magdalena in Belgian Open
      193 14 AP SECOND-seed Radka Zrubakova of Czechoslovakia beat French Marie-Chris-tine Damas 6-4, 6-4 in her first match of the US$lOO,OOO Belgian Ladies Tennis Open on Tuesday. In another first-round match, Bulgarian Magdalena Maleeva upset fifth seed Niege Dias of Brazil 2-6, 6-3,
      AP  -  193 words
  • Page 14 Advertisements
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      222 14 *at SIEMENS m r-i %1 ft. r 5* KRsaw- L V <"' v> jSSICr <Cf* V :•> Al9lOO-F9-Z9U-«-7600 Medical engineering opens a whole new future Modern medical systems for longer life in greater comfort Not only the medical profession but also the patients in their care benefit from technological advances
      222 words
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  • COMPANIES & STOCK MARKETS
    • Article, Illustration
      Lock icon Market discovering the attraction of Metalock
      623 15 na mm™ By HOCK LOCK SIEW METALOCK and Kurt Lindblad are synonymous. Mr Lindblad, the founding chairman and managing director of Metalock Singapore Ltd, has spent more than 30 years to build up the marine engineering company into what it is today. The company,
      By HOCK LOCK SIEW; 1977 file picture  -  623 words
    • Article
      Hong Hai joins Haw Par board
      131 15 DR HONG HAI, managing director of Sesdaq-listed Polytek Wearnes Holdings, has been appointed as director of Haw Par Brothers International. The MP for Bedok GRC, 45, is also executive director of Polytek Wearnes' Hongkong parent, Polytek Engineering Co. The other feathers in Dr Hong
      131 words
    • Article
      Promet clinches crane contract worth $12 million
      414 15  -  By ELAINE KOH PROMET PTE Ltd. the Singapore fabrication subsidiary of the Promet group, has clinched a Ssl2million contract for six quayside cranes to be used by the Port of Singapore Authority. The order for the cranes, however, was given by an Italian
      414 words
    • Article
      National Iron revises terms of proposed bond issue
      418 15 NATIONAL IRON and Steel Mills (NISM) has revised the terms of its proposed bond issue announced last month. It will now be raising $95.77 million through a proposed rights issue of bonds instead of a $100 million bond issue. In a statement
      418 words
    • Article
      C & C confirms report of KL Merlin deal
      433 15 C C confirms report of KL Merlin deal CYCLE AND CARRIAGE Ltd (CCL) has confirmed a BT report on its part in the purchase of the Kuala Lumpur Merlin, the flagship of the Faber Merlin group. In a statement yesterday, CCL said its subsidiary, Ampang Hotel Sdn Bhd, has entered
      433 words
    • Article
      Berjaya accumulates 9.1pc stake in Far East Asset
      488 15  -  LATEST ACQUISITION OF INTER-PACIFIC GROUP By KEVIN GWEE THE INTER-PACIFIC Group Bhd, which has been on a recent buying spree, has added another listed company to its list of acquisitions. Inter-Pac's 62-per cent-owned subsidiary, Berjaya Corporation Bhd, became a substantial shareholder in
      488 words
    • Article, Illustration
      Keppel expresses interest in buying Manila yard
      484 15  -  By AL O LABITA Jr KEPPEL SHIPYARD has for the first time publicly admitted that it is keen to buy the Philippine Shipyard and. Engineering Corp (Philseco), a state-owned company placed on the auction block by the Aquino government under its privatisation policy.
      484 words
    • Article
      Lock icon 35pc of applicants to get K Guthrie shares
      385 15 Bernama SOME 35 per cent of those who applied for Kumpulan Guthrie Bhd's public offer will be alloted shares in the plantation group. At a balloting held in Kuala Lumpur yesterday. 56,634 applications were successful out of a total of 163.935 applications.
      Bernama  -  385 words
    • SES
      • Article, Illustration
        Share prices rise broadly following Tokyo recovery
        1123 16  -  by HERMAN PHUA BOOSTED BY the recovery on the Tokyo bourse and continued buying support, share prices on the local market rose over a broad front yesterday. The Straits Times Industrials Index climbed 7.41 points to close at a post-Crash high of 1,369.02,
        1,123 words
      • Article
        Unit trusts
        315 16 Managers' price* OCBC-SIMBL Investment for July 20 Savers Capitol Fund J J J* Savers Trust Fund 106 I.H Singapore Unit Trust > The Commerce 1.17 134 OUB Investment Mgt Tit* Savings Fund i as III 1 S'pore frog Fund 047 051 Union Globol Fund® 087 0.91 S pore
        315 words
      • Article
        COMPANY MEETINGS
        55 16 LARUT TIN FIELDS BERHAO: 58th AGM at Kuala Lumpur Hilton. Jalan Sultan Ismail. ***** Kuala Lumpur. tomorrow at 9.30 am. METRO HOLDINGS LIMITED: 16th AGM at 65 Chulia Street. #19-00 OCBC Centre. Singapore 0104, tomorrow at noon. TRANSMARCO LTD: AGM at 65 Chulia Street. #1940 OCBC Centre. Singapore
        55 words
    • Article
      SES SHARE INFORMATION
      6026 16 1M High 1 Low Tai Cod* Company Last Sale JUL 18 OCVol ('000) Day 1 High Low B -aat On uyer S* 01* Hler fir's DIv Qr*s DIv rid C*vr Nat P/E M Cap DEBENTURES. BONDS. LOANS 284 45% 87% 66 72 95 18 54* 97 96
      6,026 words
    • KLSE
      • Article, Illustration
        Lock icon Institutional buyers return
        3536 17 MBT PERCEPTIBLY improved sentiment returned to the Kuala Lumpur stock market yesterday, lifting share prices on a broad front in active trading. Brokers noted shortcovering activities, especially after the mid-morning session, despite a mixed start. They attributed the broadly higher prices to the return of institutional investor
        MBT  -  3,536 words
    • REGIONAL MARKETS
      • Article
        Lock icon Tokyo retailers face gradual shake-out
        753 18 MERGERS AND ACQUISITIONS EXPECTED Reuter JAPANESE retailers looking forward to deregulation which could swell profits and sales may also have to face a series of mergers and acquisitions. Analysts say a recent example foreshadowing events was the announcement by real estate developer Shuwa Corp that
        Reuter  -  753 words
      • Article, Illustration
        Lock icon High profits at Citic but weaker growth predicted
        385 18 Reuter CITIC, the company that has symbolised China's economic reforms, has turned in significantly higher profits for 1988 but Western economists predicted a weak economy would hamper growth this year. Profits of the China International Trust and Investment Corporation (Citic) climbed 27
        Reuter  -  385 words
      • Article
        Lock icon LTAT chalked up M$97.3m profit in 1987
        279 18 Bernama LEMBAGA Tabung Angkatan Tentera (LTAT) reported a group pre-tax profit of M 597.3 million in 1987 compared with M 577.4 million in 1986, its annual report released on Tuesday showed. Turnover for the year under review came to M 5286.8 million from
        Bernama  -  279 words
      • Article
        Lock icon Former Australian bank chief charged with insider trading
        510 18 Reuter THE former managing director of merchant bank Tricontinental Corp Ltd has been arrested and charged with insider trading and blackmail, Australian prosecutors said. Lan Johns appeared in Melbourne magistrate's court on five charges. The arrest was part of a major insider
        Reuter  -  510 words
      • Article, Illustration
        Lock icon Broadly higher close
        553 18 Tokyo Reuter INDEX-LINKED buying by trust funds lit a fire under the Tokyo market in the afternoon yesterday, turning share prices around to close broadly higher in thin trade after five days of declines. Big losses by the ruling party in Sunday s upper house elections have
        Reuter  -  553 words
      • Article, Illustration
        Stocks end up
        500 18 Australia THE AUSTRALIAN share market closed higher yesterday in line with a falling Australian dollar, dealers said. They noted that a shortage of good scrip coupled with strong interest in currency related stocks led to gains across the board. "The market's upward movement was currency related and
        500 words
      • Article, Illustration
        Index at new high since crackdown
        1370 18 Hongkong HONGKONG'S main share price indicator yesterday cloeed at its highest level since China's June 4 military crackdown. The Hang Seng Index rose 41.62 points to 2.547.10, about 125 points below its level on June 2, the Fridsy before the bloody suppression of pro-democracy
        1,370 words
      • Article
        Lock icon Taipei: Sharply higher
        417 18 Reuter TAIWAN'S stock market soared to a sharply higher close yesterday as small investors flooded the market with buy orders for shares in every sector. The weighted index rose 234.95 points, or 2.7 per cent, to close at 8,799.77 against Tuesday's 8.564.82 finish. Turnover rose to NT595.36
        Reuter  -  417 words
      • Article
        Lock icon New Zealand: Rebound
        108 18 Reuter NEW ZEALANO share prices yesterday recouped Tuesday's losses to finish 15.80 points higher on the Barclays Index at 1,920.72 in moderate trade. Brokers said Fletcher Challenge, rising five cents to NZ54.62, and Carter Holt Harvey, up eight at NZ$2.5O. led the rebound. One broker said a
        Reuter  -  108 words
      • Article
        Lock icon Manila: Bonus talk fuels rally
        172 18 Reuter PHILIPPINE share prices rallied yesterday, ending days of slack, and finished higher as investors bought major issues on rumours of stock bonuses. The Manila Stock Exchange Composite Index rose 11.84 points to close at 1.040.39. reflecting gains across the board. Combined dealings on the
        Reuter  -  172 words
      • Article
        Lock icon Seoul: Shares lose ground
        175 18 Reuter SEOUL STOCKS fell yesterday as investors lost confidence that the government would soften its monetary stance and allow fresh cash into the economy, brokers said. The composite stock index fell to 886.71. down 6.39 points from the close on Tuesday. Volume was 223.3 billion won,
        Reuter  -  175 words
      • Article
        Lock icon Bangkok: Index down slightly
        161 18 Reuter THE STOCK EXCHANGE of Thailand Index edged down 2.52 points to 614.26 yesterday. Turnover stood at 7,555,051 shares valued at 845.44 million baht. The Bookclub Index was also down 2.05 points to 532.05. JULY It «AH AO Khww HI-.----*\ sssasssr-.-T 4 -4 -05 unch 2
        Reuter  -  161 words
      • Article
        Lock icon Bombay: Active trading
        83 18 Reuter BOMBAY share prices yesterday rose for the second day on hectic shortcovering in anticipation of large institutional demand. Brokers said the Unit Trust of India was expected to start investing large amounts of cash. Its unit sales peak in July when units are offered at base
        Reuter  -  83 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Stocks finish lower
        745 19 New York Reuter US SHARE PRICES ended lower on Tuesday after a wider-than-expected US trade gap in May heightened concerns about the economy's health, analysts said. Lower bond prices and weakness in technology shares encouraged selling. "The data temporarily dampened enthusiasm in the market and raised some
        Reuter  -  745 words
      • Article, Illustration
        Lock icon Bid talk sparks morning rally
        974 19 London AFP LONDON SHARES picked up yesterday morning, with plenty of bid speculation to maintain interest. After a slow start, the Footsie 100-Share Index climbed swiftly by 17.1 points to 2,290.2 by noon. Gilts eased 25 to 50 pence. On Tuesday, the Footsie 100 was
        AFP  -  974 words
      • Article
        Lock icon EUROPEAN MARKETS ROUNDUP
        1616 19 Reuter PARIS: French share prices were broadly unchanged by midday yesterday, with little corporate news to stimulate an already thin market. "Most people are happy with keeping their positions before the end of the accounting month (on Friday) and many operators are on holiday," one dealer said.
        Reuter  -  1,616 words
      • Article, Illustration
        Lock icon Agnelli family and GEC enter £13b bid battle for BAT
        589 19 FT UK ELECTRONICS group GEC and Italy's Agnelli family have entered the £13 billion bid battle for the BAT Industries by throwing their weight behind the assault on the tobacco-based multinational by Sir James Goldsmith's Hoylake group. Their participation, which
        FT  -  589 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      68 15 Specialist* in Fine Hand-knotted Carpets -mm&mmzmmm Sunday, July 23, 1989 Grand Ballroom Hilton International Singapore m ft or 100 Tribal And Fine Oriental Carpets Rugs Viewing: 10am Ipm Auction Sale: 1.30pm spm All lots are guaranteed and backed by a full trade in value at our showroom Auctioneers Cheong Knon
      68 words
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      Page 15 Advertisements Column 2
      191 15 CURRENCY INVESTMENT \MI Kl< I M'KI li\\ TEL: 321 3333 A UNIQUE i BUSINESS OPPORTUNITY A unique opportunity exists for interested parties to become established in a high growth business sector Mechanical and Scaffold Access Hire for a well below cost investment. 6KN LIGHT ACCESS A DIVISION Of GKN AUSTRALIA
      191 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      63 19 Stockholm and Zurich prlcaa wara not available THE CROSSKILLER Marcel Montecino 15 an astonishing first novel, a compelling roller-coaster ol a crime story that marks the debut of a major new talent. About L.A. cop Jack CiolJ. Arul (>«>sskiller a r.tcist inspired killer. ONHLOVEP ONfc HATbIV ROTH KILLEP K A
      63 words
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      Page 19 Advertisements Column 2
      295 19 IN THE MATTER OF THE COMPANIES ACT CAP. 50 AND IN THE MATTER OF CELEBRITY RESOURCES MANAGEMENT PTE LTD (In Voluntary Liquidation) MEMBERS' VOLUNTARY WINDING UP (Pursuant to Section 290(2) (b) At an Extraordinary General Meeting of the Company held at 135 Cecil Street #14-03 LKN Building, Singapore 0106 on
      295 words
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      Page 19 Advertisements Column 3
      1274 19 NOTICES NOTICE NOTICE IS HEREBY GIVEN that I Mr Lee Thian Guan of No Blk 38 Beo Crescent #04-36 Singapore (0316), have applied for a Public House First Class licence in respect of premises at M/s Point Pub at 1018 Upper Serangoon Road Singapore (1953), and that this application will
      1,274 words
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  • Article
    Illegal Filipino workers urged to respond to amnesty
    170 20 THE PHILIPPINE Embassy has urged all Filipino workers who have overstayed in Singapore to take advantage of the final amnesty granted by the Singapore government. In a statement yesterday, the embassy called on all "overstaying Filipino workers" to report immediately at its
    170 words
  • Article
    Thai overstayer withdraws appeal
    208 20 THAI WORKER Somkid Kamjan yesterday withdrew his appeal and the petition for a review of the conviction and sentence of three months' jail plus three strokes of the cane imposed on him on June 22 for entering Singapore illegally. That means that Somkid can now be
    208 words
  • Article
    Credit Agricole to set up an offshore branch
    469 20  -  DAIWA, MITSUI SEEK TO SET UP MERCHANT BANKS By HONG LEE TIAM FRANCE's Credit Agricole. the world's 10th largest bank in terms of total assets, has been given approval by the Monetary Authority of Singapore to set up an offshore-licensed branch here.
    469 words
  • Article
    SMA urges S'pore businessmen to invest in Batam
    299 20 By WALTON MORAIS DESCRIBING Batam as reminiscent of an early Jurong, Singapore Manufacturers' Association president Robert Chua returned home with an investment mission yesterday urging Singapore businessmen to seriously consider the Indonesian island as a place to invest in. "Indonesia is looking
    299 words
  • Article
    Lock icon Khashoggi to face charges in US
    111 20 Reuter SWITZERLAND extradited Saudi Arabian financier Adnan Khashoggi yesterday to (ace fraud charges in the US, officials said. Khashoggi, who was arrested in Berne at the request of US authorities on April 18, agreed to the extradition and left Switzerland accompanied by two Swiss
    Reuter  -  111 words
  • Article
    Lock icon France sends memorandum on Cambodian conference
    212 20 AFP FRANCE has sent a memorandum containing definitive plans to all those attending the international conference on a Cambodian settlement, the French Foreign Ministry said yesterday. The ministry gave no details of the memorandum, saying that the main points would be released once the
    AFP  -  212 words
  • Article
    Lock icon Gorbachev delivers stern warning on spread of labour unrest
    379 20 Reuter PRESIDENT Mikhail Gorbachev, signalling mounting Kremlin alarm over this week's surge of labour unrest, warned yesterday that the Soviet Union faced social crisis if miners' strikes spread to other industries. At the same time, officials in the Kuzbass coal basin
    Reuter  -  379 words
  • Article
    Lock icon Invitation to Trengganu
    72 20 Bernama FOREIGN Minister Wong Kan Seng yesterday invited Trengganu state government and private sector officials and businessmen to go to Singapore to promote the state. He suggested to Chief Minister Tan Sri Haji Wan Mokhtar Wan Ahmad that the state send a team of officials to the
    Bernama  -  72 words
  • Article
    Lock icon Uno to review sales tax that may cost his party dearly in polls
    255 20 AP JAPANESE Prime Minister Sousuke Uno said yesterday that he was ready to review a new sales tax that polls indicate will cost his ruling party dearly in Sunday's parliamentary elections. On his first stumping tour outside
    AP  -  255 words
  • Article
    Lock icon Taipei runs political risks with new banking law
    297 20 Reuter TAIWAN'S Nationalist leaders risk alienating some of their staunchest supporters by threatening the underground investment houses that have made millions on the island wealthy, political analysts say. The prospect of a crackdown on the firms has sent shivers through Taiwan's economy
    Reuter  -  297 words
  • Article
    Lock icon Burmese marches cancelled
    177 20 AFP BURMESE opposition leader Aung San Suu Kyi and an alliance of 105 parties cancelled planned marches on a crucial commemoration day yesterday in the face of a massive government troop presence in Rangoon. But some 40 people were arrested and an unspecified number injured when a
    AFP  -  177 words
  • Article, Illustration
    Laurel to discuss regional issues with PM
    417 20  -  By HARISH MEHTA PHILIPPINE Vice-President Salvador Laurel arrived in Singapore yesterday on the second leg of an Asean tour, saying that he would discuss "regional issues of mutual interest" with Prime Minister Lee Kuan Yew. In an exclusive interview with BT. Mr Laurel
    417 words
  • Article
    Lock icon Comex gold and sliver
    100 20 Reuter COMEX GOLD futures eased early yesterday following news that US consumer prices in June increased less than expected. The rise of 0.2 per cent was slightly below expectations for a 0.3 per cent gain after May's increase of 0.6 per cent. August gold was off
    Reuter  -  100 words
  • LATE FILE
    • Article
      Lock icon Jakarta export income up US$5b
      58 20 AFP INDONESIA'S export earnings rose to US$5.O6 billion in the first quarter of this year, up 7.37 per cent from a year earlier, the Central Bureau of Statistics (CBS) said. Export income from oil and gas fell to US$2.O5 billion in Janu-ary-March from US$2.2l billion
      AFP  -  58 words
    • Article
      Lock icon Aquino to resolve Sabah problem
      43 20 OANA-PNA PHILIPPINE president Corazon Aquino will visit Malaysia possibly next month to thrash out the still unresolved problem of Sabah, the main irritant in relations between the two countries, Filipino House of Representatives speaker Ramon Mitra said. OANA-PNA
      OANA-PNA  -  43 words
    • Article
      Lock icon Study on Johor retail pricing
      54 20 Bernama THE Malaysian Trade and Industry Ministry will study the high costs of essential items in the Johor Baru district allegedly due to Singaporeans shopping in Johor. Its parliamentary secretary Datuk Dr K S Nijhar said the study was important to ensure that shopkeepers did
      Bernama  -  54 words
    • Article
      Lock icon First taxi firm set up in Vietnam
      33 20 Reuter COMMUNIST Vietnam's first private taxi company has been set up in Ho Chi Minh City with a brand new fleet of air-conditioned Japanese cars. Reuter
      Reuter  -  33 words
    • Article
      Lock icon Bomb explodes at Thai courthouse
      50 20 AP A BOMB exploded in front of a courthouse in Bangkok, killing 11 people including a businessman who was leaving a court session. The bomb, placed in the basket of a parked bicycle, exploded as the victims were descending the stairs of the courthouse. AP
      AP  -  50 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      188 20 Sometimes people clam up when they need to >eak up. the Dale Carnegie Course 8 helps men and women: Poise and Confidence Public Speaking Human Relations Insight People Management Skis Effective Communications Motivational Skils The Courage to Think, Decide and Act SeH Yourself and Your Ideas Develop Your Hidden Abilities
      188 words
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      Page 20 Advertisements Column 2
      441 20 EDP Seminars Peat Marwick Management Consultants pte. Ltd. is organising a series of EDP Seminars for those individuals who desire to keep abreast of the increasingly important and rapidly changing information technology environment. This area was specifically addressed in the Companies (Amendment) Bill, which requires all public companies to establish
      441 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon German firm accused off cheating
        100 21 AFP A WEST GERMAN FIRM under contract to refuel Soviet merchant navy vessels in foreign waters cheated the navy of at least US$l4O million allegedly with the complicity of Soviet officials, a member of the Supreme Soviet has charged. Valentin Logunov said in Moscow on
        AFP  -  100 words
      • Article
        Lock icon Crew facing smuggling charges
        94 21 AFP THE CAPTAIN of a Vietnamese vessel and his 23 crew have been charged in an Indonesian court with attempting to smuggle ceramics. The Vietnamese embassy in Jakarta said yesterday that the court in western Serang accused the crew of the Vietnamese-registered Tan Binh of trying
        AFP  -  94 words
      • Article
        Lock icon Coal carrier in Japan for repairs
        77 21 Reuter THE PANAMANIAN COAL CARRIER Yanan, which collided off China with another Panamanian ship, Trade Quicker, on July 10, sailed to Tsuneishi, Japan, on Monday for repairs, Lloyds Shipping intelligence said. The Yanan had first discharged its cargo of 11,571 tonnes of coal at
        Reuter  -  77 words
      • Article
        Lock icon Ruptured tank causes oil spill
        90 21 AP A STORAGE TANK ruptured in New Jersey, on Tuesday and spilled an estimated 4.76 million litres of crude oil, with at least 757 litres reaching a waterway that leads to the Atlantic, the Coast Guard said. A system of earthen dykes, the outermost of
        AP  -  90 words
      • Article
        Lock icon Grounded vessel refloated
        45 21 Reuter THE TAIWANESE BULK CARRIER China Progress, grounded on Venezuela's Orinoco River on July 12, was refloated on Monday, Lloyds Shipping Intelligence said. The 39,078-gross-ton China Progress, carrying 58,000 tonnes of bauxite, was travelling to the Interalumina Terminal from Gove, Australia. Reuter
        Reuter  -  45 words
    • Article
      Lock icon British dockworkers' strike weakening
      141 21 Reuter A STRIKE by British dockworkers is showing signs of weakening but the country's state-owned rail network was paralysed by the fifth one-day strike in five weeks. British port employers said on Tuesday that about a fifth of the 7,300 dockworkers who be- gan a strike
      Reuter  -  141 words
    • Article
      Index to advertisers
      855 21 ABC Contoinerline XI s Accord Shpg VIH 3/4 Arrow lines XI 5 ANl III 1/2 A PC line VII s API V 3-5 ASCI V 1 Australia line VII 1 Balt-Canoda line IX 4/5 Bolt-Orient line IX 4/5 Baltic Orient Shpg XI 4 Bonglodesh Shpg VII 2
      855 words
    • Article
      Malaysian forwarders' group calls for greater self-regulation
      414 21  -  FMFF opposes policy of unbridled competition By ZULKIFLI ALWI THE FEDERATION of Malaysian Freight Forwarders (FMFF) has called for greater industry selfregulation and an orderly development of the trade. A statement by the federation said self-regulation was a better way of protecting the
      414 words
    • Article
      Lock icon Proposal for offshore oil ports to avoid spills
      310 21 Reuter US INTERIOR SECRETARY Manuel Lujan said his agency is studying the possibility of constructing new US offshore oil ports to reduce the chance of tanker spills. "Here we are bringing in ships to ports and that is what's causing the problem,"
      Reuter  -  310 words
    • Article
      'K' Line offering new door-to-door service
      277 21 JAPANESE MAJOR "K" Line will introduce a door-to-door delivery service to destinations in the US from mid-August to help small exporters. This "Touchdown" service is offered in cooperation with Overnite, one of the leading trucking companies in the US. Under the service, which is
      277 words
    • Article
      Lock icon Japanese envoy to discuss shipbuilding issues in US
      207 21 Reuter JAPAN'S Transport Ministry has sent an envoy to Washington to discuss world shipbuilding issues with US Department of Transportation officials, ministry officials said. Nobutaka Nanbu, director of the ministry's shipbuilding division, left on Monday to discuss the world industry and multilateral
      Reuter  -  207 words
    • Article
      Showa Line settles with FMC
      92 21 THE US Federal Maritime Commission (FMC) has entered into a US$l.2 million settlement with Showa Line. The settlement last month resulted from the FMC's investigation of unlawful rebating in the Pacific Rim trades Showa. the Tokyo-based liner carrier which previously served the Pacific Rim trades
      92 words
    • Article
      Manila to help jailed Filipino crewmen in India
      275 21  -  By AL O LABITA Jr By AL O LABfTA Jr, writing for BT from Manila THE PHILIPPINE GOVERNMENT has stepped in over the case ot 25 Filipino crewmen ot a Singaporean ship jailed in India for alleged smuggling of highly-taxable electronic goods.
      275 words
    • Article
      Separating wheat from chaff
      1029 22 Need for forwarders to improve image and tackle liability issues IT USED TO BE SAID that all a freight forwarder needed to set up shop was a desk, a telephone and a telex machine. Nowadays, you could probably delete the telex and substitute the übiquitous fax
      1,029 words
    • Article, Illustration
      Hitachi Zosen gets two orders
      467 22 HITACHI ZOSEN Corporation has received two orders for 40,000-dwt product carriers one from Salamina Shipping Corporation and one from Kastelorizo Shipping Corporation, the Greek lines specialising in the operation of product carriers (vessels for transporting refined petroleum products). The Epoch Mark II carriers, designed by
      467 words
    • Article
      OOCL upgrades information system
      231 22 ORIENT OVERSEAS Container Liner (OOCL) has spent U5575.4 million to upgrade its globally networked information system. Its IBM mainframe processor in Hongkong will be upgraded from a 3090 150E to ES/3090 180S while a new 150S will be set up in Oakland. The ES/3090 family of
      231 words
    • Article, Illustration
      Bredero helping set pace of exports at Kuantan
      218 22 BREDERO PRICE MALAYSIA is emerging as an important user of Kuantan Port. Sited on a 7.6hectare site in the port's industrial area, the company has already routed more than 500,000 tonnes of coated steel pipes through the port. The company, which carries
      218 words
    • Article
      Shipping events
      521 22 July 17-21 Liquefied Gas Carrier Safety Course. Contact Petamgas Maritime Services July 17-21 Management of Safety Course. Contact Petamgas Maritime Services July 28, 1988 to June 1989, every Thursday Ship Stowage Principles. Held at Operations, Training Section, Keppel Wharves Building conducted by the Port of Singapore Authority. Contact
      521 words
    • Article
      Container schedules/ships in port
      2112 22 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Transtalner Schedules Blk Op Gdn Date/Time Time From Time To Booking Gate Nilo II WE 22 07 89 0800 20/1700 20/1730 NA 2 Q6 00 FOI Aa H* 8E *****9 2300 20/2215 20/2245 NA 2
      2,112 words
    • Article
      Lock icon New Orleans aiming to regain lost market share
      233 23 Reuter THE PORT of New Orleans will try to regain, from ports in the South Atlantic, the cargo it once moved from Chicago, St Louis and Memphis. The South Atlantic ports are Charleston, Savannah and Jacksonville, said officials of New Orleans Port
      Reuter  -  233 words
    • Article
      London Freights
      962 23 A MODEST pick-up in time-charter activity and some higher rates were noted across the spectrum of vessel sizes, brokers said. A rate ot U5515,750 daily was agreed for a 122,000 tonner from Japan to the Continent via Australia, compared with similar business reported on Tuesday via Thailand at
      962 words
    • Article
      SHIPPING LIST where your ships are due...and when
      5141 30 AARNUS Tokio Expreea. Triot. July 20 Maersk Paria. Maersk Line. July 20 U>o He. China Ocean Shpg. July 21 Arabian Sea. Noraaia Line. July 21 Mile <Sf Vega. CM D'Affretement. July MingrSun. Yang Ming. July 23. Ever Group. Evergreen, July 23 Proeper,
      5,141 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      25 21 mm AvaKable at all good bookthops Fed«ral Publication* For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
      25 words
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      Page 21 Advertisements Column 2
      17 21 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      17 words
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      Page 21 Advertisements Column 3
      288 21 AVAILABLE J INTERMARINE SUPPLY 00. (PTE) LID. TEL 2HMB (I UMES) TLX MCCO RS MS FAX: WS¥J7 Making waves at Kuantan Port BREOERO PRICE Malaysia is emerging as an important user of Kuantan Port. The company has already routed more than 500,000 tonnes of coated steel pipes through the port
      288 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      1317 23 OOCL I V'lluitK'i I S'i'\"i JARDINE SHIPPING AGENCIES AW Cantonment Road 05 Svjthpori* Si 'iyLV'<> Tel ::iso:i tele* no rs :ii* TERMINAL CFS Tel 320U!! 220 BOOKINGS Tel *****34 235 PESAKA JARDINE SHIPPING AGENCIES SON BHD PORT KELANG TEI *****18 Tel*. No MAJ'M 7 1 MA39"01 PfNANG TEI *****4 TEIEX
      1,317 words
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      Page 23 Advertisements Column 2
      1282 23 This week Mar it M Closing Tim* CY 24/7 2300 MRS CFS 24/7 1300 MRS 26/7 2/8 8/8 9/8 15/8 16/8 22/8 23/8 29/8 30/8 5/9 6/9 13/9 This week Marti M Closing Tims CY 24/7 2300 MRS CFS 24/7 1300 MRS MARIT M 8906 25/7 26/7 UCA M 8906
      1,282 words
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  • Page 24 Advertisements
    • Advertisement
      Page 24 Advertisements Column 1
      674 24 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ROTTERDAM/ ANTWERP TOKIO EXPRESS PROSPER OSAKA BAY TOLAGA BAY FRANKFURT EXPRESS HEIDELBERG EXPRESS KOWLOON BAY ALASKA MARU ALSO ACCEPTING CARGO TO: ALL UK INLAND DESTINATIONS, BELFAST, DUBLIN. COPENHAGEN, AARHUS, GOTHENBURG, MALMO, HELSINKI. OSLO, AMSTERDAM. CARIBBEAN S. AMERICA CONTAINER SERVICE
      674 words
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      Page 24 Advertisements Column 2
      472 24 V* 0 COLUMBUS LINE REEDEREI GMBH (A SERVICE OF HAMBURG SUD) EXPRESS SEMI CONTAINER SERVICE TO NORTHBOUND TO UKC S'PORE ROM/A DAM HBG HULL (U K.) TAUSALA SAMOA V-15N 23/7 21/« M 30/1 CLYDEBANK VXN 14/t L 2/9 11/4 21/5 TAMAITAI SAMOA V-16N ?ofl 17/10 21/10 25/10 'AIM Aarot.ru FCL
      472 words
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      Page 24 Advertisements Column 3
      1107 24 f, °<w&xw c 'A > 5-J>Ls fl2° L "i r i— TO EUROPE REGULAR INDEPENDENT FULL CONTAINER SERVICE ARABIAN SEA 917W 19/7 20/7 22/7 16/8 18/8 19/8 NORASIA SHARJAH 1918-3 26/7 27/7 28/7 22/8 24/8 25/8 NORASIA MUBARAK 1919-3 2/8 3/8 4/8 29/8 31/8 1/9 NORASIA AL-MANSOORAH 8920 3 9/8
      1,107 words
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  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      1128 25 Steamers Maritime Holdings Ltd W* p&0 Containers I CONTAINER SERVICE TO UK CONTINENT: TOHM EXPt£SS OSAKA BAT mOSKIt TOLAGA RAY FUNKFURT EXPRESS HCKXLMIK EXPRESS MMtOON RAY ALASKA NARU Abo Accepting Cargo For: NMtart Aari<y>. Gettentorf. Mrt-e. Stockholm. MMm to Aohnrv. KmfnOm. (Mo. Reel*. 2uneh Motatnki. Sonilrtwi to ill UK tMimrtiOM.
      1,128 words
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      Page 25 Advertisements Column 2
      881 25 nun Vltur |»|C WEEKLY EXPRESS INDEPENDENT TANU LIIIC FAR EAST/EUROPE FUUT CONTAINERISED SERVICE lVi±£EH Also Kcaptinf tor Inland UK dtstMUtions Antwerp and Scandinavian port*. CHOYANG CHANCE 042E HANJIN HASAN OWE HANJIN LEHARVE 002E QUEEN SWAY BRIDGE 009E Ldg tor HK/KAO/KOK/YOKO/BUSAN MONTHLY LASH LINER SERVICE TO: New York, Norfolk, Baltimore, Philadelphia
      881 words
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      Page 25 Advertisements Column 3
      306 25 Hai Sun Hup Co (Pte) Ltd rfL 220>906 <20 Lirf. T i MS s Funabashi •For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN A CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS •Also calls E l 1 P.t. GENERAL AGENTS: HAI SUN HUP CO
      306 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      548 26 n SINOSE MARITIME PTE LTD El ISLAMIC REPUBLIC OF IRAN SHIPPING LINES m AMI AN SERVICE Singapore Loading for: IRAN TEYFOURI PJL7O7 SLD T**OWAI KYOWA LINE MTROOUCMO KYOWA FAST DIRECT B/BULK/CONTAINER SERVICE FROM S'PORE/PK TO QUAM/SAIPAN AND MICRONESIA PORTS •MICRONESIA PORTS DIRECT CALLS ON INDUCEMENT BASIS AND/OR T/CUOT IT (UJAII
      548 words
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      Page 26 Advertisements Column 2
      694 26 GO HANJIN SHIPPING FULL CONTAINER SERVICE TO EUROPE VIA SUEZ HANJIN OAKLAND 003W CHOYANC SUCCESS OMW HANJIN TONC HAE 069W HANJIN ROTTERDAM (WW TO FAR EAST PORTS HANJIN ROTTERDAM OB3C CHOYANC CHANCE M2E HANJIN MASAN 0«K HANJIN LE HAVRE 002E I FROM EUROPE VIA SUEZ TO USA PACIFIC SOUTH WEST
      694 words
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      Page 26 Advertisements Column 3
      199 26 INTEROCEAN UNE 78, 2nd Floor, Jalan 2/71, Taman Tim Dr. Ismail, ***** KL. Tal: *****34, *****94, *****29 TLX. NO. MA-***** FAX: OJ-*****11 Panang Oft: Tal: *****7, *****2 accepting cargoes for the following ports GUANGZHOU MARITIME TRANSPORT BUREAU OF CHINA SOUTHERN Of GULAP LUtn S£RVICES ifOONCHTL* SAAJNG) HONG KONG POUT KELANG
      199 words
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      Page 26 Advertisements Column 4
      876 26 EVERGREEN 9 d jf i Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) TYO OAL LMV AMI KM FIX zspapsopopooopzopoooo- w iw iw uiwmimiw«iiw vmm» ma ALSO ACCEPTING CAMO TO t) PROVIDENCE. NEMARK. SAVANNA* KM TOW PHILADELPHIA, NORFOLK. JACKSONVILLE WILMINGTON. RERRR7OA. CTC I) ATLANTA. CHICAGO DETROIT. COLUMBUS A OTHtI MAJOR WCROMIOGI DESTINATIONS I) OALROA.
      876 words
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  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      767 27 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES FAR EAST MAJAPAHIT GOWA VOY SIN JKT 13SB Sid SM 41 SB M/ 7 2/9 4558 7 It 10/8 NQO KOB m 4/a 21/8 22/1 2H 30/8 ACCEPTING MU RUR AN/TOMAKOM Al/HIT ACMUTO VAM A
      767 words
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      Page 27 Advertisements Column 2
      480 27 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT EXPRESS CONTAINER SERVICE FROM UK/CONTINENT HAH 6'HAVEN OA* HAVRE STOH t KLANC S POtf FOR Honjtonj Liprau SaiM Alaska Rbru Sailad SaiM lr«M Eiprni Sailad Livarpao' hf Hfl Londan Eiprm 21/7 TIP fa TASMAN ASIA SHIPPING SIN MAIN LINE (TS) HKC NOUMEA
      480 words
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      Page 27 Advertisements Column 3
      314 27 DJASAGETRI A Joint Europ* Swvte* Of: P.T. BMURT* um f.T. mm um P.T. SMMKM tmmm P.T THROW IIOYB r > VSL/VOY L.J.KMTANC/UWB ■ATARAM/24W8 SPORE ANTWERP MBURi ROAM/ADAH BREMEN 27 »/7 M »fl (ACCEPTING CONVENTIONAL AND CONTAINERISED CARGO) 73 2M 2M B/l (ACCEPTINC CONVENTIONAL AND CONTAINERISED CARGO) Sub)®cl to MuoiiMnt Also
      314 words
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      Page 27 Advertisements Column 4
      348 27 BOUSTEAD SHIPPING AGENCIES PAGAN VI43W HPA-AN VI4IW MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon S'pore P.Kelang Penang Bangkok 17& kJ THE BANK UNE •MI-CONTAINER SERVICE NORTHBOUND TO UKC SPORE ROAM HMBG HULL TAUSALA SAMOA VISN 23/7 20/1 250 80 CLYDEBANK V2CN MH 12/9 11/9 21/9 TAMAITAI SAMOA
      348 words
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  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      774 28 K LINE KAWASAKI KISI.N KAISIIA. 1.11) OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH N. AMERICA-ATLANTIC COAST VOY *INDO 15 18/7 *PK/Pf«G SGP OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH VOY LB 14 10/6 •PK/PNG 'INDO FEEDER VESSEL OOCL FAIR RAINBOW BRIDGE OOCL FREEDOM OOCL FAITH N. AMERICA PACIFIC
      774 words
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      Page 28 Advertisements Column 2
      595 28 STRALIA EXPRESS CONTAINER SERVICE AcetpHng FCL7FCL ConWnan Singapore P ftelang Panang Loading tor Mothw vil By Feeder By Fate ILSIOAS ¥42 24 July 19 inly 19 My kLIOAS *44 17 Aug 11 Au( 11 Ai« ILSIOAS *43 8 Sect 2 Sept 2 S*p( a I DAS *45 3 Oct 3
      595 words
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      Page 28 Advertisements Column 3
      357 28 GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD 23 Tttat Arc Strwt UNCAFOOC 010» TIL VMM (1* LINES) fai SJ43JM STRAITS/PERSIAN CULF SERVICE: ypw* QOLOCH HA WIN tttanboflUneNOutai Ml QOLMN MA* Cotombo/ Kjndu;Outai M Aufiu CHINA SMVtCt BAI TUN SHAN Huw«pu/SlKntf»< W J"»» P. Kdtnf Pfo#nf CHINA OCEAN SHIPPING CO., PEKING
      357 words
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      Page 28 Advertisements Column 4
      520 28 PHILI-ORIENT LINES PTE LTD HEAD OfFtCF '08 ROBINSON ROAD ~.MG BUIID'N i SINGAPORE TELE* RS 2fs'2>~ PHILI F A« MST/FM BUT Fa t in am ETA SINGAPORE DESTINATION PP. MP DUBAI. DAMMAR. KUWAIT M, 1 1/1 DOHA, MUSCAT, BAM AIM DONA, MUSCAT, BAM AID ABU DMAM SHARJAH JEDOAM (LCI) MEEKLY
      520 words
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  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      1214 29 S yoie Genet a I (nquniM 27W977 NEPTUNI AGENCIES PTE ITD NEPIME SOM BHD Boeings Bookings Ft tU/AUST TPA/SfA P Keiang H luntpui XI4QJJ (CR NO. **********0E) NEPTUNE ORIENT LINES LTD Penan* 1 tun'vi UOOJ? i3WO «?mc n®»i 12m 6VKI EXPORT TO-EUROPE UK (VIA SUEZ) FDB VSL/VOY PKN PUG SGP
      1,214 words
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      Page 29 Advertisements Column 2
      872 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: ?2tt241/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PIN AUG P- KELANC MESSRS MAI THONC SHIPPINC 127 PenengStrwt Pw«l Malays* M/S NAMOLING SYSTEM CO SON_
      872 words
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  • Page 30 Advertisements
    • Advertisement
      Page 30 Advertisements Column 1
      342 30 SINGAPORE SHIPPING #S 3BT CORPORATION (PTE.) LTD. Til 225 6868 (34 lines) FAX *****39/*****76 TELEX RS ***** A/B SSCMA. AS ***** A/B SSCAO r DSR-LINES VEB DEUTFRACHT SEEREEDEREI ROSTOCK 1 Integrated container service MEMBER OF EACON SERVICE TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE OUTBOUND 0. GROTEWOHL 6/89 FAHRLANO VB/89 ULBRICHT
      342 words
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      Page 30 Advertisements Column 2
      22 30 SANWA LINE FULLY CONTAINERISED DIRECT SERVICE STRAITS/HONGKONG/TAIWAN/JAPAN M/V ANDROMEDA STAR PORT KLANG AGENT INTEGRATED FORWARDING SHIPPING SDN BHD. TEL: *****04 FAX: *****49
      22 words
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      Page 30 Advertisements Column 3
      202 30 Th« complete Shipping List will bo published tomorrow. 11CL> REGIONAL CONTAINER LINES riilifcaV JARU BHUM SILVER EXPRESS PITA BHUM JARU BHUM SILVER EXPRESS 350 C SONGKHLA W 30/7 VESSEL EASTERN PIONEER EASTERN PIONEER *w\ i VESSEL ITI BHUM ANG ITI BHUM ITI BHUM ANC JAKARTA 2 SAILINGS A WEEK PT
      202 words
  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      179 30 Regional Weather P7i r a s 1 iv I i r /i M Lil n 03 m 53 si M A S3 I! s 9 Y« ii: SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7.30 A.M. July 20,1989 R Thunderstorm Temperature c Weather Wind direction with speed m knots y Shower
      179 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      665 31 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 \r IRAQI LINE IRAQI STATE ENTERPRISE FOR MARITIME TRANSPORT EAST BOUND SERVICE ETA S PORE LOADING FOR 25/7 Iraq/Japan THROUGH B/Ls to BAGHDAD UPON REQUEST ALSO ACCEPTING CONTAINERS UPTO AQABA BAGHDAD REEFER SPACE AVAILABLE UPTO AQABA LOADING CONTAINERS/CONVENTIONAL CGO
      665 words
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      Page 31 Advertisements Column 2
      357 31 r n m a RICHFIELD MARINE AGENCIES (S) PTE LTD TEL *****33 (10 Lines) fAX *****1 S TELEX RS ***** RISHIP (3 Lmes) (Mutant* I mm of EtMoffe) ACCEPTING FCL AND CONVENTIONAL PEN/PKQ ETA SPORE A MAY WONZ SM VOY 20WB NETSANCT 30.8 VOY lews OARESSALAAM. MOMBASA. DJIBOUTI ASSAB MASSAWA
      357 words
    • Advertisement
      Page 31 Advertisements Column 3
      573 31 'SIGMA SIGMA EXPRESS (S) PTE LTD TEL: *****44 FAX: *****75 CPS > CRYSTAL FREIGH SERVICES PTE LTD TEL: *****88/*****22 P.KELANG: 83-*****35 PENANG: 04 *****9 BANGKOK: *****21 HONG KONG: 63-*****6 NAVMAaON (CHILEAN NATIONAL LINK) GREAT ANDES SERVICE FEEOCR VSL SP N IVORY IIN 23/07 N. EMERALD 14N 30/7 MOTHER VESSEL KEE
      573 words
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      Page 31 Advertisements Column 4
      308 31 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE ALL LCL/FCL ACCEPTABLE FOR COMPETITIVE LCL RATE CONTACT ANWAR CONTACT PERSONS :MR ROBERT OH/ ANWAR STELLA TELEPHONE NO. *****71, llnaa) TELEX/PAX NOS. :RS ***** BALTRA/*****73 CRNOIMII74OOOOM Hamburg West Germany Tiger Line SUSAK W E W TIGER BAY 73M 23/7 30/7 CALABAR
      308 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      1056 32 ITIi MERCHANT MARINE CO., LTD. EASTBOUND TO USA FULLY CONTAINERISED TRANS-PACIFIC WEEKLY SERVICE TO PSW HYUNDAI EXPLORER HYUNDAI COMMANDER HYUNDAI PIONEER LALANDIA HYUNDAI CHALLENGER HYUNDAI INNOVATOR SIN HKG LBH OAK SEA 24E 22/07 27/07 14/01 17/W 20/01 10E 21/07 03/01 21/01 24/08 27/01 25E 04/08 10/01 21/00 31/01 03/09 25E
      1,056 words
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      Page 32 Advertisements Column 2
      729 32 hiK JE CONTAINER LINE X TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST PORT KELANG PENANG BANGKOK HONG KONG CHINA KAOHSIUNC KEELUNG 22/7 I 21/7 22/7 I 2S/7 24/7 1 21/7 23/7 29/7 23/7 4 2*7 23/7 4 27/7 23/7 4 27/7 MANILA BUSAN
      729 words
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      Page 32 Advertisements Column 3
      534 32 Mitsui O.S.K Lines. Ltd v EXPORTS TO PSW CONNECTING AT |TO double stack trains IMZHEOI I 1 ~—T7 II r'nii'lCMEJl li '''/'"-—rmi eeehebheqi \bu GaEaEa iftj f" 'Ai'Ti'Amrmmrm ciacinnnnia in r'li-M.. 1 nv.Tnu raiaririrTTiM UZM rn'-'A..!!.!!' rmnrmrrmiKmirmrrmtrmrrm m ucjcacjrjurßra I HJCJCJCJEBEJEJCJ AU.WATM H'o€ lUU ALI«ATM CLMr Ml AU«ATM VKTMV 122
      534 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      271 33 SES projects in the pipeline SES president Lim Choo Peng discusses the prospects and the likely improvements. Page 2 Tapping funds The timing has never looked better for small companies seeking a public listing. The steps a company must take to ensure a successful flotation on Sesdaq. Page 4 Who's
      271 words
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      Page 33 Advertisements Column 2
      146 33 INVESTING IN SHARES? ASK FOR CREDIT PLUS When opportunity knocks you'll want to be ready. Here's where Hong Leong Finance and Singapore Finance can help. With CREDIT PLUS you have a revolving line of credit available for use any time for anything. Whether its an investment opportunity, a necessity, a
      146 words
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  • SES-into the 90's
    • Article, Illustration
      The era of global trading is no longer a distant vision
      750 34  -  By ROSIE TAN IMAGINE running your fingers over the computer keyboard and the best buying and selling prices of securities from all parts of the world appear systematically on the screen. Select one and call up all available information
      750 words
    • Article, Illustration
      SES: Prospects and promise
      1761 34  -  FUTURE PROJECTS The Stock Exchange of Singapore reached a watershed close to four years ago. Much water has flowed under the bridge since then. SES president LIM CHOO PENG talks about today's sounder securities industry and anticipated improvements in the future. LIM CHOO PENG ALTHOUGH share
      1,761 words
    • Article, Illustration
      An instant global market
      1003 35 THE US Congress and government agencies, with the 1987 stock market crash still casting a long shadow, are moving cautiously to develop an instant global market for company shares. A 24-hour stock market is considered inevitable, but there is still concern about control without vast new
      1,003 words
    • Article, Illustration
      Dealing round the clock
      534 35  -  INTERNATIONAL TRADING By LORETTA McAUGHLAN These UK-listed stocks have a London register which means that settlement of these shares can be completed in London. Overseas investors are wary of selling London-registered stock outside London because of problems in re-registering. "In Malaysia, the scrip can be lost
      534 words
    • Article
      GOING PUBLIC...
      1864 36  -  FLOTATION may be the next logical step for a growing company. Careful grooming and correct timing will ensure that it float comfortably. By HUI CHOON HO The writer is a manager in the Singapore office of an international accounting and consulting firm. COMPANY FLOTATION is a very topical
      1,864 words
    • Article, Illustration
      The force that drives The Market
      912 38  -  MARKET PSYCHOLOGY By LORETTA McLAUGHLAN SHARES are rerated upwards, stocks plummet and others hold steady because an anonymous yet powerful arbiter called The Market daily calculates and recalculates their current worth Investors are forever rejoicing or regretting that they are in The Market or
      912 words
    • Article, Illustration
      A question of survival
      383 38  -  COMPUTERISATION By PONT DATA WITH THE ADVENT of computer and telecommunications technology, the financial market is capitalising on the latest hardware and software to stay ahead of competition. Previously, one would ignore computerisation and still survive. The situation today is radically different in that survival often
      383 words
    • Article, Illustration
      Three men and their winning ways
      2309 40  -  THE STOCKBROKERS Every day, the computer terminals that are in stockbroking firms in the Raffles Place/Shenton Way district display millions of numbers. To the stockbrokers looking at the computer screens, the figures tell different stories. To catch a glimpse of their thinking, ANDREA BORCH
      2,309 words
    • Article, Illustration
      Where have all the boys gone?
      1146 41  -  TRADING BOYS By MICHELLE OH THE CURTAINS have fallen. The floor of the Stock Exchange of Singapore cleared. Gone are the people who scurried around, contributing to the excitement and flurry of activity of the old days, and with them, the din of running
      1,146 words
    • Article, Illustration
      Winds of change
      702 41  -  By SIMON WOODS, Director of Research, BZW-Padfic Union There fell upon him such a fate As makes me shudder to relate Just h its fifth and final year his university career Was Blasted by the new and dread Necessity of earning bread. He wis compelled to join
      702 words
    • Article, Illustration
      Slow and steady efforts paying off
      1078 42  -  DIVESTMENT KEVIN GWEE Divestment of the public sector is progressing along in an orderly and steady manner. While there has been no drastic increase in the government's involvement in the economy through incorporated companies, there has no doubt been a fair amount of progress
      1,078 words
    • Article, Illustration
      A guide to investing in the American securities market
      1396 42  -  US STOCKS/BONDS By! SANDY EU, atanaahM Director. Sfct wm LdMiM I Inflow Pit Lid MOST PEOPLE are afraid to buy US stocks and bonds because they think they are complicated. If they were really so. more than 50 million global investors
      1,396 words
    • Article, Illustration
      Tomorrow's global blue chips
      1238 43  -  OPPORTUNITIES By QUEK PECK LIM, Head of Research, Morgan Grenfell Asia Securities HOW WILL Singapore benefit from the enormous growth potential of the Asia-Pacific region in the next decade? The region is already the best low cost manufacturing base for multinational companies seeking to compete globally.
      1,238 words
    • BT TOP 100 RANKING BY SHAREHOLDERS' FUNDS AS AT JUNE 30, 1989
      • Article
        Twenty-eight score double-digit returns on funds
        1130 44  -  By HERMAN PHUA REFLECTING the better performance of the Singapore and Malaysian economies, a total of 28 listed companies achieve double-digit returns on their shareholders' funds. BT's mid-year ranking of the top 100 companies based on shareholders' funds shows that of the 28, four
        1,130 words
      • Article, Illustration
        STOCK WATCH
        485 44 How stockbrokers keep time... SAYS ONE RETAILER of an upmarket brand of watches: I "When the stock market is hot, we generally see higher sales of watches." Stockbrokers, of course, would feature among the well-heeled with spare cash to splurge on a Gerald Genta or a diamond-encrusted Concord
        485 words
      • Article
        BT TOP 100 RANKING BY SHAREHOLDERS'FUNDS AS AT JUNE 30, 1989
        1948 45  -  Compiled by JULIANA TAY Rank Company Rank Yaar Group Grosa Group Paid-up Nat Currant Raturn laat andad SharaAsaats Nat Capital Tangibla Earnlnga on yaar holdars' laas Pwjtllta proms aa at Aaaat Par Sharaaa at Funds Contra (Smll) Jun 30
        1,948 words
    • Article, Illustration
      Meeting the needs of affluent Asia-Pacific
      1969 46  -  PRIVATE BANKING By I FOCK SIEW TONG Managing Director, Royal Trust Merchant Bank Pte Ltd, Singapore I OVER the last decade, the Asia-Pacific region has ■been viewed by foreign investors and major international financial institutions as an area of growth and •investment opportunities with
      1,969 words
    • Article, Illustration
      Lock icon The aftermath: Fundamentals take a backseat
      1117 47 MARKET OUTLOOK By SUN HUNG KAI SECURITIES GIVEN Hongkong's heavy dependence on and close relationship with China, it is easy to understand why the Tiananmen incident has dealt Hongkong a severe blow, both economically and politically. The first-quarter trade statistics show that China alone
      By SUN HUNG KAI SECURITIES  -  1,117 words
    • Article, Illustration
      Buy now, while stocks last
      1078 47  -  By RICHARD JEFFREY, By RICHARD JEFFREY, Director of Economics, Hoare Govatt Investment Research, London DESPITE residual uncertainty in the British equity market, the longer-term outlook remains extremely positive; two months ago, we raised our year-end target for the FTSE 100 Index to 2,450 which would
      1,078 words
    • Article, Illustration
      Lock icon Dow Jones index: Be ready for an all-time high
      969 48  -  ■MARKET OUTLOOK *y SANDY EU, I, Managing Director, Shearson Lehman Hutton Pte Ltd Jm DOW JONES Industrial Average (DJIA) has crossed the pathologically important level o(2.500 and new concerns of recession are arising. However, vm* do not believe these concerns are
      Source: Investamatic  -  969 words
    • Article, Illustration
      Two major uncertainties cloud market
      545 48  -  By T FURUYA, Nomura Singapore Limited SINCE the Nikkei Stock Average posted a record high of 34,266 on May 31, many events have brought uncertainties to the market. Currently, there are still two outstanding problems. The first is the direction of the yen-dollar exchange rate.
      545 words
    • Article, Illustration
      Get in before the scramble
      1008 48  -  By BAIN COMPANY THE AUSTRALIAN equity market has traditionally been treated in Singapore as a punters market in resource counters. Many local investors, both in the private and the institutional sector, have never considered the Australian equities market other than in the context of mining
      1,008 words
    • Article
      From engineering to properties
      1615 50  -  STOCK RECOMMENDATIONS By CHARLES CHOW, Head of Research, J Dallas Co Pie Ltd JEL JEL's strength lies in its strong affiliation with IHI (Ishikawajima Harima Heavy Industries). The latter is a 24 per cent shareholder of JEL. The IHI not Sly provides JEL with technical listance,
      1,615 words
    • Article
      Spotlight on high-growth Malaysian stocks
      843 50  -  By BRYANT HWANG, Director, Kim Eng Research ALTHOUGH the majority of Singapore's listed companies continue to offer sound investment values. which remain well underpinned by rising values of their property assets, we perceive that the bulk of investor s focus will become increasingly polarised towards
      843 words
    • Article
      Lock icon A crop of quality stocks
      133 51 By OUB SECURITIES PTE LTD IN SINGAPORE, a resurgent property market is encouraging new construction, which in turn will boost domestic demand and help the economy achieve growth of 7-8% in 1989. We are of the view that these factors will buttress the local stock
      By OUB SECURITIES PTE LTD  -  133 words
    • Article
      Keppel Corporation
      150 51 TRADITIONALLY a marine services group with interests in shiprepair, shipbuilding, shipping and specialty marine services, Keppel is now a conglomerate. with key growth areas in propertyrelated business and financial services. The group has, through its listed asso- ciate, Straits Steamship Land, three major properties, two of which (at
      150 words
    • Article
      Pan Malayan Cement
      186 51 PAN MALAYAN CEMENT'S profit comes mainly from its cement-based and related associated companies. We expect domestic demand for cement to reach 3.16 million tonnes or 10% growth this year. Tariffs of MSBO per tonne on imported cement and tight international supply will benefit the local manufacturers. Associated
      186 words
    • Article
      Jurong Cement
      197 51 STATISTICS released are pointing to a turnaround in the construction sector where contracts awarded for the first quarter rose by an annual rate of 52%. We forecast growth at 27% in 1989, contributing 6.7% to GDP. The benefits to construction-related stocks, namely cement, are projected to be substantial.
      197 words
    • Article
      Genting Berhad
      181 51 GENTING is well managed and cash rich. The group is proposing to restructure its resorts and related activities. The scheme, which will put all these activities under subsidiary Resorts World Sdn Bhd, has received the go-ahead from the Capital Issues Committee. This exercise will increase the group s
      181 words
    • Article
      Malaysia Mining Corporation
      170 51 TIN PRICES are projected to remain firm. Current price levels will translate into a fourfold increase in profit margins for FY 1990, resulting in an 80% rise in group earnings for the year ending Jan 31. 1990. J MMC has been awarded a MJ379 million contract for
      170 words
    • Article, Illustration
      Lock icon Five high-fliers for your portfolio
      902 51 STOCK RECOMMENDATIONS By CRESVALE FAR EAST LTD SIME DARBY BHD, Malaysia's largest conglomerate, is one of the biggest multinational corporations in the Asean region. For the six months ended December 1988, Si me reported a remarkable 73.1% rise in net profit to M 5102.5 million
      By CRESVALE FAR EAST LTD  -  902 words
    • Article, Illustration
      Pillar of Swiss banks
      1270 52  -  PORTFOLIO MANAGEMENT By MATTHIAS WOLF Economic Research Department, Credit Suisse TWO CONSIDERATIONS both deeply rooted in a long tradition are in the minds of internationally-oriented investors when they opt (or an investment in Switzerland or ask a Swiss hank to manage their funds. First, Switzerland is
      1,270 words
    • Article, Illustration
      Lock icon Disciplined tactics
      1624 54  -  "There is a good chance that sometime between late 1989 and the first half of 1990 the Singapore market will be able to test its all-time high". These were the words of popular chartist DAVID FULLER when BT interviewed him on March 11 (5T*****). Now, as the Straits
      Source: Fuller Money; Source: Chart Analysis Ltd  -  1,624 words
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      205 34 Followers or leader... I i Ifilk J S- V j ysiMg <■ i HP*/; gZf" >jr"x:"^ x 1 r- f"« J* >'*■*• I K r< ■j 1 v. A** I X X w V £l> Baume Mercier GENEVE MAiTRES HORLOGERS DEPUIS 1830 11 mt. m 1111\ i m Riviera BKYONI)
      205 words
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      340 35 Now you can achieve mr some Shenton Income Fund. If you are looking for better wtik ways of investing your funds for income, PWSOCM TH FL-NPS look no further Shenton Income Fund has been achieving returns higher than the 12-month Singapore dollar fixed deposit interest rate high-yielding investments like You
      340 words
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      115 36 IT IS A MOMENT YOU PLANNED FOR. REACHED FOR. STRUGGLED FOR. A LONG-AWAITED MOMENT OF SUCCESS. OMEGA. FOR THIS AND ALL YOUR SIGNIFICANT MOMENTS. V Jk' A ,f i U IM EV Sr mti V *5 1 !l§ I" C Lu o Registered Model L J OMEGA ALWAYS MARKS SIGNIFICANT
      115 words
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      141 36 FREE YOUR MONEY GET CASH FOR YOUR SHARES WITH DBS FINANCE >l! SFT! r. N *r, «<C> >. j \N \y Cash-for-Shares from DBS Finance turns your With Cash-for-Shares. a revolving line will existing share holdings into cash to help you do be made available for your use You II
      141 words
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      784 37 ADVERTISEMENT HEWLETT-PACKARD MAKES FINANCIAL HISTORY IN SINGAPORE. BROKEfc au&*V/OA9£A STOCK Wfo/CO*F/XMA7/Otf t STOCK W?o/ außtiY/QAPeA ca*/F/XMA7/a# 7AAP/M& SYSTEM recently when the Stock Exchange of Singapore implemented a fully automated form of stock trading. Based on a Central Limit Order Book (or CLOB), it does away with the traditional trading floor
      784 words
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      99 38 Just say the word, and we'll do the rest At UOB Securities, we offer a full range of stockbroking services, from dealing in stocks and shares on the Stock Exchange of Singapore and the Kuala Lumpur Stock Exchange, to comprehensive up-to-date research and analysis of companies. From placement and underwriting
      99 words
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      197 39 '■fe Who turned to IBM to help the distribution of millions? Over the last ten years, the Stock Exchange of Singapore (SES) has relied on IBM technology for the handling of post trade processing. Recently, the SES turned to IBM again. TTiis time for the AS/400, one of the most
      197 words
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      115 40 Whether the market's up or down, Tandem database systems keep almost all the world's major stock exchanges up and running. We record every share bought or sold. We report prices and quotes. And we route data back and forth from brokerages to the exchange floor-no matter how fast the data's
      115 words
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      231 41 CONCORD. WATC H MAKERS To THE GENTRY. SINCE 19 O 8 •nr Fig. I Ladies' 18-Carat gold Saratoga with diamonds. The new Saratoga collection from Concord is perhaps the most remarkable watch design of recent years. A perfect integration of case and bracelet creates a continuity of line unmatched by
      231 words
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      27 42 Hoare Govett Summit Securities Pte. Ltd. A member company of the Singapore Stock Exchange providing in-depth research and distribution to institutions around the world. Tel: 533 3388
      27 words
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      165 43 SOTHEBY'S FOUNDED 1744 i v&tm L < V 1 P i.-i f r X. Pai)/o Picasso "Self Portrait: Yo Picasso" 1901, sold in New York May 1989 for U5547.85 million, the record price for a 20th Century work of art at auction. Fine Art Auctioneers: Old Master Paintings; 19th Century
      165 words
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      42 44 D• r Gor t I The B I t L o Cein t u re La Cintura PORSCHE DESIGN > «'i* y. Die Collegetaiche The Envelope Briefcase La Serviette PORSCHE DESIGN Sole Agent: Cosa Liebermann (S) Pte Ltd Tel: 337 4388. PORSCHE DESIGN
      42 words
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      249 45 Cash management? Nobody puts it together so simply or profitably. New from the International Corporate Center: the Multi-Currency Account Managing surplus cash to maximise interest gain and minimise cost is a goal every company wishes to achieve. And the International Corporate Center (ICC) can help. With a new service the
      249 words
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      182 46 What you're looking at is a special guide to help you understand as much about life insurance as possible. Prepared by Great Eastern Life it's designed to provide answers to the questions you might have. Life Insurance made simple Questions like, what kinds of life insurance are there? And, what
      182 words
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      Page 46 Advertisements Column 2
      145 46 More shares for your investment dollars Arc your funis locked up in stocks and shares? Wouldn't it be great if you can use them yet, at the same time, not liquidate your shares? OUB has 'our answer in the latest Share Margin Financing Scheme. All you need o do is
      145 words
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      314 47 Royal Trust in 1 rV-^-ggaaaaiMß US ■•> ■>;- '<% 3s» «-;•■> ;w;' taw -~v' t .i JV* f it 7 r MK ■98$Kiv4A, <*£«>■ 'I When you retain Royal Trust as your Private Banker, you are in effect gaining a highly experienced professional partner on whom you can rely for
      314 words
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      366 48 A Past That Speaks \blumes For The Futures. You can see at a glance which way the Singapore International Monetary Exchange is heading. Five years ago SIMEX became Asia's first financial futures market trading 421,225 contracts in its first year. Today, we trade well over that amount in a single
      366 words
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      65 48 BNP INTERNATIONAL FINANCIAL SERVICES (SINGAPORE) LTD A wholly owned subsidiary of one of the largest banks in the world, BANQUE NATIONALE DE PARIS, offers you a wide range of merchant and private banking services Fund Management Securities Financing Leveraged Deposit 20, Collyer Quay #07-02 Tung Centre Singapore 0104 Corporate Finance
      65 words
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      353 49 VirTaftS* ■u "V it; AM AM TIM tNH I ASIA* FUNO LIMITED ASIAN DEV. EQUITY FUND A ASIAN OEV. EQUITY HMD AVI MO SINGAPORE LIMITED mm "4 BOUSTEADCO SINGAPORE LTD BRITISH AMERICAN TOBACCO LTD C. I. MOLOINGS lERHAD C. K. TANG LIMITED IH ft Iffi £IB i-Stock Average Monthly Trend
      353 words
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      35 50 1 TAT LEE SECURITIES PTE LTD Member of the Stock Exchange of Singapore Ltd (STOCK A SHARE BROKERS) 63 Market Street, Tat Lee Bank Building #12-06/07 Singapore 0104 Tel: *****66 Telex: RS ***** Facsimile: *****89
      35 words
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      23 50 Monitor Stock Market Trends with CHARTAMATIC FROM $250 MONTHLY TECHNICAL INDICATORS SPECIAL STUDIES 533-1281/2 SES/KLSE STOCKS KLCE COMMODITIES CURRENCIES WORLD MARKET INDICES MORE.
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      191 51 IF YOU SPECIALISE IN FINANCE, SHOULDN'T YOUR INFORMATION SOURCE DO THE SAME? In today's financial world, a profit can turn into a loss in a matter of seconds. Which is why your screen gets your undivided attention. At Telerate, we've given our undivided attention to the world's financial markets. As
      191 words
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      169 52 CL-Alexanders Laing Cruickshank (Singapore) Pte Ltd CL-ALCS forms an important part of Laing and Cruickshank's Asian investment and broking arm, and is backed by one of the world's largest and most respected banks, Credit Lyonnais, whose assets total some US$l5O billion. CL-ALCS offers a full range of financial products and
      169 words
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      66 52 TRADER PERFORMANCE AFFECTED BY MICROGNOSIS! And if sales are any indication, our systems are affecting their performance for the better. Leading financial institutions the world over have installed Micrognosis digital and video systems to improve trader efficiency and productivity. If you're thinking of installing a new floor, why not find
      66 words
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      242 53 Congratulations and Best Wishes to THE &TOCK EXCHANGE OF SINGAPORE on its Ist Official Anniversary. We are proud to be a part in THE STOCK EXCHANGE OF SINGAPORE'S LAUNCHING INTO THE NINETIES With approximately 1500++ units of Syntttx Microcomputer Systems in The Stock Exchange of Singapore to provide support to
      242 words
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      126 54 u ■m 'm. *> v r W v* J ..ottEr TV a _CT Showrooms ami Smite Centres: Singapore: The Shopping Gallery at the Hilum *02-*****. 58/ Orchard Road. 1 lAu E/l Singapore 092}. Tel: *****55. Telex RS ***** PIAGET Fax: 7)***** #0/-0/ ALmfcrm Arc**. SISGAPORE PTE LTD The Mandarin Singapore.
      126 words