The Business Times, 7 August 1989

Total Pages: 36
1 36 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 MONDAY, AUGUST 7, 1989 75 CENTS
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  • 653 1  -  CONFIDENCE STEMS FROM STRONG FIRST HALF By FOO CHOY PENG, SHOEB KAGDA BUSINESS leaders expect the government to revise its economic growth forecast for the year to between 8 per cent and 9 per cent. They report that business was brisk in the second
    653 words
  • 425 1  -  By GENEVIEVE CUA NORWEGIAN engineering giant Kvaerner Industrier is studying the feasibility of manufacturing high-speed luxury cruisers in Singapore. Barely a year ago, the group decided to set up an $18 million marine equipment plant in Jurong. If approved by the Kvaerner board, the
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  • 270 1 KVAERNER Singapore, now building an $18 million ship equipment plant in Jurong, is revising its sales projection tor Singapore upwards by over 60 per cent Buoyed by a boom in the ship-repair industry, the Norwegian company is expecting $60 million in revenue
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  • 136 1 AFP ALGERIA, which helped free the US embassy hostages in Teheran in 1981, has clamped a strict silence on its current role on behalf of Western captives threatened with death in Lebanon. Algerian authorities have readily acknowledged they are trying to help
    AFP  -  136 words
  • 351 1 Reuter AP THE ISRAELI cabinet, facing a setback over plans for a prisoner swap to end Lebanon's hostage crisis, met yesterday to consider its next move. The pro-Iranian Hizbollah movement said last Saturday that the release of three Israeli servicemen missing in Lebanon was
    Reuter; AP  -  351 words
  • 671 1  -  By WALTON MORAIS THE RULING National Front daahed oppoeition hopes of a breakthrough in Malaysian politics, winning the Tambatan state by-election in Johor by a comfortable 1,075-vote majority on Saturday. In what waa the first direct confrontation between the ruling coalition and the Umno
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  • Page 1 Advertisements
    • 380 1 Need a Wvvroov. 737-7977 VV&yfoong Mortgage And Finance (S) Lid A wholly-owned subsidiary of Hongkongßank 6 CUymoce Hill #«M 1 Claymore Plaza Singapore 0922 MANAGEMENT EFFORTS TO create a science of motivating and organising people have suffered from a mixed reputation. Proponents of 'scientific management' have alternately been portrayed as
      380 words
    • 186 1 Disputed islands S Moscow offers to return them 'Underground* investment .....7 Taiwan firms breathe easier Profile Salvador Laurel South Korea 10 Another look at Seoul's miracle China's SEZ after June 4 12 Money-making takes precedence Privatisation In Britain London faces tight timetable Southern California Dream-house shopping Qolf Samson does the
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  • MANAGEMENT
    • 1411 2 All about people and more The search for a managerial Utopia the perfectly motivated organisation The Economist EFFORTS TO CREATE a science of motivating and organising people have suffered from a mixed reputation. Proponents of "scientific management" have alternately been portrayed as ruth lees exploiters, woolly headed and Orwellian bureaucrats.
      The Economist  -  1,411 words
    • 1003 2  -  JEAN-LOUIS BARSOUX argues the case for management inaction JEAN-LOUIS BARSOUX FT IN THE COURSE of a 90-minute match, an individual footballer will, on average, be in possession of the ball for no longer than two minutes. Yet, when asked about his performance afterwards he is unlikely even
      FT  -  1,003 words
    • 199 3 CONTRARY to expectation, market conditions worsened in the fourth trading period. Total orders dropped by an average of 5.44 per cent Unsold stocks added to the burden. Warehousing costs raised the bill for many participating companies by between $114,000 and $403,000. So, 68
      199 words
    • 692 3  -  Spotlight on W Management By ONG YEW HUAT Ong Yaw Huat is a director at Ernat A Whinnay Conaultanta Pta Ltd TURNAROUNDS are the stuff of which today s businese heroee are made. The word itself evokes a picture of a company being nursed
      692 words
    • 1221 3  -  CHRISTOPHER LORENZ concludes his series on Electrolux, the Swedish appliances giant, by assessing the extent to which it has become a fully-fledged multinational. CHRISTOPHER LORENZ FT ELECTROLUX "is not s multinational, but an international company run by Swedes," says Jim Ringier, the Stockholm-based group's second
      FT  -  1,221 words
    • 244 3 FT LIKE MANY other senior Electrolux msnsgers, Fulvio Borsero spends st least half his year travelling away from his office. As product line msnsger for the group's internstionsl components group, with sales of £414 million, Borsero is based in Turin, Italy. But his territory
      FT  -  244 words
  • Page 2 Advertisements
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  • Page 3 Advertisements
    • 27 3 NATIONAL UNIVERSITY OF SINGAPORE PUBLIC LECTURE PROFESSOR SIR AARON KLUG (F.R.S., Nobel Laureate) Lee Kuan Yew Distinguished Visitor TOPIC I H The Organisation Of Genes In Chromosomes.
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  • FOREIGN NEWS
    • 408 4 Bernama PRIME MINISTER Datuk Seri Or Mahathir Mohamad of Malaysia yesterday said the country's economy will grow more rapidly with increaaed agricultural production, particularly food. For this reaaon, the government wanted farmers to upgrade the use of technology to increase agricultural production. Or Mahathir was launching
      Bernama  -  408 words
    • 77 4 Reuter CHINA'S economy is stabiliaing thanks to an 11-month austerity programme that has succeeded in restraining the hunger of the country's one billion consumers. The People's Daily yeeterday quoted LI Quixian, governor of the People's Bank of China, as telling branch managers the economy had improved this
      Reuter  -  77 words
    • 364 4 Reuler THE PHILIPPINES will aak for new loans and debt relief to help bridge a US$l.7-billion financing gap when it opens debt talks with foreign banks in New York tomorrow, according to government officials and foreign bankers. Foreign economic experts
      Reuler  -  364 words
    • 111 4 AFP PHILIPPINE Praaidant Corazon Aquino has nominatad vataran banking axacuttva Jaaus Eatanialao aa economic planning aacratary. Mr Eatanialao'a appointmant, subject to confirmation by Congraaa, will maka him directorganaral of tha National Economic Development Authority, tha country's main aconomic planning agancy, which la directly undar tha praaidant
      AFP  -  111 words
    • 1001 4 ARRIVALS Operator J! Mm From AKL 0020 CM6 MAS MH627 0035 KUL SU SQ011 0040 LAX/NRT MAS MH601 0150 KUL SA SQ401 0555 CM8 SU SQ407 0700 oa SU SQ405 0745 MRU SU SQ023 0755 AMS/tOM SU SQ027 0000 CPH/F6A SU SQ403 0035 DMA MAS MH646 0620
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    • 265 5 AP DESPITE an apparent setback in April, Japan continues to hold the lead among major countries in speeding its industrial production, according to the International Monetary Fund yesterday. The fund said that In the first three months ot this year, Japan's industry was
      AP  -  265 words
    • 112 5 AP SOME progress was reported at a meeting of US and Japanese experts seeking common positions at the global trade talks in Geneva. Japanese Foreign Ministry Ambassador Higeyuki Ukawa led an interministerial delegation from Tokyo in informal meetings at the State Department with counterparts from
      AP  -  112 words
    • 239 5 Reuter THE US CONGRESS, in one of its laat acts before a month-long recess, has sgreed to raise temporarily the government's borrowing power by US$7O billion to a record US$2.B7 trillion. The Senate last Friday passed the fneaaure on a voice vote and
      Reuter  -  239 words
    • 364 5 Reuter TAIWAN'S monthly trads surplus hit a 21-month high In July but officials said sweeping tariff cuts effective from this week would help narrow the trade gap, eepecially with the US. Official figures showed the island's trade surplus jumped to US$l.76 billion
      Reuter  -  364 words
    • 396 5 Reuter FOREIGN INVESTORS with an eye for corporate bargains are finding Canadian companies irtcreaaingly attractive as takeover targets. According to investment and banking executives, big Canadian firms are better value than US companies which hsve had their share prices pushed significantly highsr in two years
      Reuter  -  396 words
    • 134 5 AFP INDONESIA recorded a US$4l4 million trade eurpius in May. according to Information Minieter Harmoko in Jakarta. Exports earned U551,604 billion while importa stood at US$l,2BO billion. Oil and gaa export! came to US$7lO million, up U5523.3 million on the eame month last
      AFP  -  134 words
    • 468 5 AFP SOVIET PRESIDENT Mikhail Gorbachev has for the first tima offered to raturn to Japan four •mall islands seized by Soviet forces at the end of World War II in exchange tor meeelve Japaneee financial aid. The weakly US N*wa and World
      AFP  -  468 words
  • Page 4 Advertisements
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  • Page 4 Miscellaneous

  • Page 5 Advertisements
    • 173 5 >1: it M I \KI >/! I I PHI!'.! I \i X IkcM MI'IIMIUK Sl/I I l\ \Ci 11\ l\« I N',!^ S|V,\|M »R| \\x \l',l I Ml I'XKIS v ol 1" 1 Nl« I I K.I 1 )j \< i <»i <»i t»i i < m k i •>
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  • Page 5 Miscellaneous
    • 90 5 wswn Global tamparaturaa on Aug 5 Singapore Auckland Bahrain ttQOQfcQfc ftortoodos Bolrut Mgrado OUTLOOK: Showers w* a tow (tmm in am toport for 24 hour* prior to 7.30pm on Aug 6 at fho HalntoW Ms mli §.7 Rainy days ao« nHh 1 Buono* Afro* Cairo Calgary Caracas Chicago Coptagon Dublin
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  • MONEY AND EXCHANGE
    • 493 6 Bullishness battered by jobs data Reuter US TREASURIES are headed for another hammering this week as the market faces an onslaught of supply from Treasury refunding auctions, analysts said. The Treasury is due to auction a U5529.5 billion package of threeyear
      Reuter  -  493 words
    • 162 6 t Gold future* on August 4, 1989 100 toy ouncts; US$ p* troy ou X* Opm H*h Lot MM* 37X00 37X00 36X00 347.00 -470 Up 369.00 -490 On ***** 377.00 ***** 371.40 •450 fee Ml.50 301J0 374.00 37X40 -460 M> 90 379JO -470 30X50 30X50 30X50 iff
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    • 179 6 IWv 11 Win 1 IMS 7 day* 3/4 S/i 1 nei* 11/16 1/2 2 north. 1/2 •3/1 3 mart** 7/16 5/16 6 north* 1/4 9 north* 3/16 1/16 12 north* 3/16 1/16 1 north 7 5/16 7 1/16 3 north* 7 1/» 6 15/16 6 north* 6
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    • 291 6 NYT THE US DOLLAR rote sharply against major currencies last Friday after the employment report for July convinced many traders that the economy was not slowing down sharply and that there was therefore leee reason to expect the Federal Reeerve to
      NYT  -  291 words
    • 539 6 Indicates Km mragt of tt># prim# l#ndlnQ rdM off 12 motor bonks In B'pors PLR of banks at tha ctosa ot buainaaa on Friday, Auguat 4 as suppltad by tha AssociaWon of Banks in Singapore: BANK HJ AIN lank 6% Alliod Mdt Sank KC 6% Amortcon E*pr—
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    • 154 6 Source: OUB S'pore LIKE the previous week, bullish sentiment continued to dominate the BGS market throughout last week. Bond prices, the five-year notes in particular, moved in tandem with the US long bonds, which were booeted by weak economic data. The slight easing ot the S$ interest
      Source: OUB S'pore  -  154 words
    • 438 6 Gold Financial futures Source Sin Huet Bullion (S) Pte Ltd A SURGE in the US dollar following the release of the US July Employment Report last Friday wiped out all the progress made by Loco-London gold last week and the metal eventuaiiy settled at U*****.50/368.00 per troy oz, almost unchanged
      Source Sin Huet Bullion (S) Pte Ltd  -  438 words
  • Page 6 Advertisements
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  • BANKING AND FINANCE
    • SMALL CHANGE
      • 101 7 LEADING financial magazine Euromoney has ranked Singapore's Post Office Savings Bank among the world's 500 largest commercial banks. POSB wss rsnked 434 th by the UK magazine baaed on Its shareholders' equity of U*****.7 million (*****.5 million) at the end of 1987. The savinga bank's
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      • 86 7 THE nearly completed demolition work at Change Alley haa given occupants of the smaller buildings around the MRT station in Raffles Plsce a good view of the waterfront. A fengshui consultant points out that thia opening ia good for business in the sres ss previously the
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      • 131 7 SINCE the early *****, Japanese securities houses have been sending exscutives here to run their Singapore offices as well as gain practical experience and knowledge about local conditions. Now it is becoming fashionable for them to expose their young, promising executives to Singapore
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    • 395 7 Reuter WEST GERMAN interest rates will play a key role in the performance of the country's major commercial banks for the rest of 1960, share analysts said. "Interest developments will be decisive," an analyst at a private German bank said. Falling rates would lower
      Reuter  -  395 words
    • 359 7  - High interest rates blamed for stronger Canadian By PAUL GOPAL BANK OF CANADA governor John Crow had admitted that high intaraat rates are causing the value of the Canadian dollar to rise at the expense of some industries and exporters. However, he said that thia is something that Canadians will
      359 words
    • 92 7 AFP THE BANK OF ENGLAND has announced that it will sell off its 28 per cent stake in Portals paper group, ending s link which has existed for 265 years. Portals supplies the paper on which the Bank of England prints its banknotes.
      AFP  -  92 words
    • 458 7 Few signs of threatened crackdown Reuter TAIWAN'a huge "underground" investment houses, driven to the brink of collapse last month after the government threatened to crack down on the induetry, are breathing a bit easier. The largeet firma, some worth billions of dollare, have
      Reuter  -  458 words
    • 184 7 ASEAN Finance Corporation (AFC), a Singapore-baaed merchant bank, haa been given the mandate to arrange a US$lO million revolving credit facility for Indonesis's Oversea# Express Bank (OEB). Proceeds from the facility will be used by Oversees Express Bank as working capital. The interest rats
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    • 539 7 AP THE US CONGRESS hat approved a landmark savings and loan bait-out after a frantic two days of wrangling over ths finishing touchss on ths btggsst financial rsscus in ths country's history. Ths Houss passsd early on Saturday ths USslso4>illion bailout on
      AP  -  539 words
  • Page 7 Advertisements
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    • 276 7 MEET WITH SUCCESS AT THE MARINA MANDARIN "Thank you and your staff in helping our company present the best President's Club Convention ever... You certainly helped to set the stage for our truly fantastic convention." Jerry Walsworth, CLU Vice President-Marketing National Travelers Life Co. "We wish to express our sincere
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  • COMMODITIES
    • 452 8 AGREEMENT TO SELL 500,000 TONNES Reuter IVORY COAST, the world's biggest cocoa grower, has signed sn agreement to sell a record 500,000 tonnes of next year's crop. Rene Amani, head of the cash- strapped country's commodities marketing board, said last Friday that the
      Reuter  -  452 words
    • 860 8 NEWS OF Ivory Coast's sale of 500,000 tonnes of 1960-1000 crop cocoa gave cocoa prices a sharp boost over the past week. The contract wss confirmed on Friday in Paris by Rene Amani, the manager of the Ivory Coast gov- ernment's stabilisation fund. The market had anticipated
      860 words
    • 91 8 AFP THAILAND'S rice exports are expected to reach 5.5 million tons this year against 4.76 million tons last year, the state-run Thai News Agency (TNA) reported. The Soviet Union was expected to import 100,000 tons of rice from Thailand this year, wtiil*
      AFP  -  91 words
    • 126 8 Telerate HSFO prices eroded gradually during the week to settle notional ly at $86-89 mt fob Sing for 2nd half Aug CST-180. Despite s firm start at $92-96 mt bearish crude market sentiment and more than sufficient supplies of HSFO in Singapore pushed prices down. Buyers
      Telerate  -  126 words
    • 254 8 MALAYSIAN CRUDE PALM OIL prices finished lower laat week on liquidation and buyer's reserve. August South dropped M 535.00 to M 5662.50 a tonne and North M 530.00 to M 5655.00 a tonne. Traders aaid market direction waa uncertain with weaker Chicago soyoil market and other overseas factors
      254 words
    • 176 8 THE MALAYSIAN rubber market finished mixed last week in the abaence of active interest and encouraging support from overseaa. The new trading month September International One* RSS buyer increased from 206.00 aen a kg on Tuesday to 206.50 sen a kg on Friday but September SMR 20 buyer edged
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    • 146 8 Bernama THE KUALA LUMPUR Tin Market (KLTM) dropped 45 aen to M 525.16 a kg in four-day trading this week on lack of interest and demand. Trading was sluggish, with 267 lots traded compared with 573 the week before. Dealers said trading see sawad during the week as
      Bernama  -  146 words
    • 267 8 London Commodity Exchange Buyor/SoNor dosing prices on Aug 4 (£/tonno gnloss spedfled). Previous dosing prioos In paronftiosis. CoMm lasts In-dor* London sollors option OF London Sap 761/762 (762/763) High/low 777/76! Now 761/762 (771/772) Ugh/Low -86 766 Solos (3163) Sop 690/891 (•73/878) Itgh/low 913/867 Doc 946/947 (933/935) «g*t/l©w 967/946
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    • 212 8 Reuter CBT SOYBEANS laat Friday cloaed higher acroaa the board and new crop November narrowed ita diecount to Auguat to 13 cents per bushel from 80 a week ago Rosenthal-Collins led buyers with an estimated 10.5 million buahela spread among Auguat September, November and March, the aourcea aaid. Wideapread
      Reuter  -  212 words
    • 191 8 Reuter CBT SOFT red winter wheat futures closed with thin gains last Friday, at levels little changed from midday. Rosenthal-Colllns Group was featured selling 1.2 million bushels of December, against buying by commercials snd commission housee, floor sources said. The buying involved mostly small lots, they said. Trading was
      Reuter  -  191 words
    • 131 8 ChintN Product Exchange SeHers" noon doatag pt ten on Awgwrt 3 (SI/100 kg) Coconut oil M FOt 96.00 OW dram FOt 106.00 N*w drum FOt 110*0 Copra AAlxad (loon) 54.00 P»pp«r Muvtfok FOt NIW *77SO •Xit U w a* wTWTf FOt foq NIW ***** Sofowofc iptdol block FOt
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  • Page 8 Advertisements
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  • FOCUS
    • 1901 9  -  Salvador Laurel, Vice-President of the Philippines, is a seasoned political war-horse who is only a heartbeat away from the presidency. He is at the same time in opposition to the Aquino Administration. HARISH MEHI'A of the Foreign Desk profiles Mr Laurel, an accomplished Yale-educated lawyer
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    • 1258 10  -  South Korea's economic record has been ope of the biggest success stoiries of feia. The country is facing imajor Spbiems, however. MY KIT YIN ol the ■reign Desk reports. KIT YIN SMITH KOREA has long been ttaned to have the greatest potJQtial to become the
      1,258 words
    • 826 10 GOLDSTAR, Samaung and Daawoo ara all ambaasadora of South Koraa's booming homagrown alactronica induatry. Koraan rafrigaratora, taiaviaion aata and hi-fi oomponanta ara crowding atora apaca ovaraaaa, togathar with Sony. National and Mitaubiahi producta. South Koraa'a alactronica induatry has arrivad on tha international
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  • Page 9 Advertisements
    • 116 9 DURING THE SALE OF YOUR HOME, AT LEAST 7 MAJOR THINGS COULD GO WRONG. c m u m m 111 ii i E 96 aS *§4 IK 1 < 1 I m ERA® Seller Protection Plan will make them right. ERA 9 Home Warranties make any home easier to sell,
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    • 97 9 Now Lufthamsa deliver* s the good is 4 times a week. Carg a t n v2r Every Mc »nday, Tuesday, Friday and Sf iturday Lufthans a takes shipments from Sing; apore to Frankfuri t and on to over 160 other wc iridwide destinations. Count on us for fast, pre Sessional
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  • Page 10 Advertisements

  • Page 11 Advertisements
    • 292 11 Computers and Communications tl!ff I ft i A ™iSM Of/ft AffiC MAINFRAMES COVER 959,821 SQUARE KILOMETRES. flfi W y_\ 1 B l d JL JL JL jSEfc WfTf 1 I ~|i» JL JE JL JL J: ■MMIt! jiAAA A A &M fki **mm f r, m m W m\ m
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  • PERSPECTIVE
    • 1078 12 CHINA'S SPECIAL ECONOMIC ZONES AFTER JUNE 4 THE MONEY-CHANGER beamed at the sight of a foreigner on the street of the bustling trading centre of Xiamen, and excitedly quoted hia black-market exchange ratea for United Statea dollars and Taiwan dollara. "But that would be bourgeois liberalism,"
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    • 555 12 SOUTHERN CALIFORNIA Reuter AFTER washing over Hawaii, a wave of wealthy Japaneee property investor* is pursuing the American dream to southern California, where the good life meana owning a choice home in an exclusive neighbourhood. "It has passed Hawaii and has arrived in California.
      Reuter  -  555 words
    • 488 12 PRIVATISATION IN BRITAIN Reuter THE British government's ambitious plans to privatise the water and electricity utilities must overcome potentially serious hurdles if the multi-billion dollar sales are to go through on schedule. The water industry of England and Wales is to
      Reuter  -  488 words
    • 681 12 WASHINGTON-SEOUL RELATIONS Reuter WASHINGTON it trying to steer its turbulent relationship with South Korsa into quieter waters, but seven months after the leet ambassador left, there la still no one st the helm. The US Senate is sitting on the confirms t ion of
      Reuter  -  681 words
  • Page 12 Advertisements
    • 190 12 The Belvedere has done it again. Wfe've cooked up the largest Swiss buffet AN EXHILARATING ALPINE EXPERIENCE AWAITS I. T. MS y«? m <r* K. V-* SM V m H HI o&* v> it 5* MBflP? FJR ■Vl'. T 1_ ftas 3M -£>-3 Em£ iS» X tVt ?>» 2fcr r
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  • Page 12 Miscellaneous
    • 22 12 SriStOKT: Ftai^cDLcJjez* Posted H MR -FffKirtS OF RCCOOMTSJ IT HASN'T S^Pter RftWING SNC£ 2e BR(?IVGT) Dew? Pu-->bu UiftNT CHCERIN& op- Hese Goes..
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  • THE ARTS
    • 517 13  -  THEATRE So was it real, or was it Memorex? That was the question to be asked after watching Action Theatre's double-bill production for the Drama Festival. In search of an answer, JAIME LYE WOrkS through the Graveyard Shift While SAMUEL EE puts his finger on
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    • 408 13 SIQHI What good fortune to be able to appreciate dramatic talent. Or the lack of it. Alasl Naive, simple old me only found out this; the only thing real about Ilea/ LMe? is that people like to laugh. At themselves, at Singlish and
      408 words
    • 739 13  -  TELEVISION By EUGENE MOOSA Reuter TOP JAPANESE SCREENWRITER Soh Kuramoto has found fame and money not by joining Japan's artistic rush to Tokyo but by retreating about as far from it as you can get. Far from the congestion of Tokyo, Kuramoto has
      Reuter  -  739 words
    • 897 14  -  MUSIC By DAVID STEVENS NYT THE NEW Opers Bsstille hss cleared its first public hurdls on schedule with a minimalist inaugural programme on the eve of Bastille Day in Paris, followed by seversl days of orcheetrs concerts in the 2,700-eeat main hall and recitals
      NYT  -  897 words
    • 1216 15  -  JAPANESE ART By MICHAEL KIMMELMAN NYT IT MAY HAVE Man unkind, but It was apparently not considered ridiculous when the writer VS Pritchett described Tokyo in 1962 aa an "anthill" of a city. Today, of course. Tokyo is exactly the capital one would
      NYT  -  1,216 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
    • 276 14 Where to entertain... Where to entertain... Where to entertain... Where to BAR cs The best live jazz in town Hours: 5.00 pm 2.00 am Level 3, The Westin Plaza Happy Hours Mon-Fri: 5.00 pm 8.00 pm The Westin Plaza Raffles City 2 Stamford Road. Singapore 0617. WESTIN hotels Resorts 1
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    • 158 14 Bubbling, Simmering, Piping, Hot Steamboat Buffet AT MING PALACE 7pm 10.30pm Select from: Fresh Big Sea Water Prawns Garoupa Meat Fish Balls Beef Chicken Cuttlfish Crab Liver variety of vegetables variety of noodles I |}>, ->.J» 1 Tangltn Road Singapore 1024 Tel: *****33 Csr7\ Tempura Sl/aMn) 'Buffet Lunch Come and
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    • 135 14 Treat yourself to a Delectable Dian Xin lunch. All-you-can-eat for only $13.50** per person. Lunch Hours: 11.30 am 2.30pm 'Rut 10* wrvic* crag* k 3* go«raw« «o» HWT REGENCY©SNGAPORE 10-12 Scolh Rood Srigapore 0922 W *****86 I r HAVE FUN ALL WEEK! Everything goes for a good time at Winners'
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    • 202 14 1 p I 2 International Cafe Plaza 1 —15 August Embark on a culinary iourney of salads, savoury specialities and desserts from Europe. America and Cafe Plaza Lunch Dinner Buffet Adults: $14.50 Children: $9.00 Plaza Hotel SINGAPORE i Ro#d Singapore 0719. let *****11. iv 9 Temptations served round the A
      202 words
    • 226 14 6 PROVINCES ALL IN ONE STITING 5B w i r ,^P\ m OJUJ ri.ll) Get a taste of Sichuan, Beijing, [W/A Guangdong. Yunnan, [iangsu tfll/l and Shanghai all in a lunch *£JseL buffet that's as long as the Great Wall. Tuck into fUngsu Spicy 35th floor and Sour Shark's Fin
      226 words

  • Page 15 Advertisements
    • 107 15 entertain.... 1 A Set Lunches Am Dinners Are Delightfully Different In The Park. Each day the Cafe-in-The-Park offer* both a Western and local-style set lunch and dinner. However, unlike other restaurants, we offer a different menu each day, so you U never see the same menu tvice in two weeks.
      107 words
  • Page 15 Miscellaneous
    • 666 15 TCOGHKKDiaB CRYPTIC PUZZLE ACROSS 1 8n corrosion forming a brownish exterior (5) 6 Easily available for cash (6) 0 Soldiers' hst (7) 10 Look hard (5) 11 Takes care of watchee (5) 12 Deal with as s special occasion (5) 13 Ed could join her end get orgsnised (7) 16
      666 words
    • 1339 15 TV and RADIO Living in a pod OUR CHOICE INVASION OF THE BODY SNATCHERS, 10.30pm, SBC 12 Cult-movie fans, this it your night A strange hysteria spreads like wildfire and gripe a email Californian town. A doctor diecovers that a mutation of some giant plant life has tsken pernicious roots
      1,339 words

  • SPORTS
    • 432 16 TENNIS AP ZINA GARRISON has not bMn watching Steffi Graf s matches at the Great American Bank Tennis Claaaic laat week, but ahe ia sure of one thing. "They were pretty quick, huh?" said second-seeded Garrison, who was to meet the
      AP  -  432 words
    • 549 16  -  GOLF By A SURENDREN IMPOSSIBLE WAS THE TASK set for Samson Gimson, but th« burly South-east Asian Games representative delivered the goods when he came from eight strokee behind to clinch the Singapore Open Amateur Golf Championship by two strokes st Jurong Country Club. Overnight leader
      549 words
    • 324 16 AFP IRELAND'S Ronan Rafferty equalled the course record with a round of 64 to charge into a two-stroke lead after three rounds of the Scandinavian Enterprise Open golf tournament at Druttningholm, Sweden, on Saturday. '••Beaten in a record nine-hole ptay-off for the Dutch
      AFP  -  324 words
    • 135 16 AP BERNHARD LANGER and Bob Odder both survived shaky front nines on Saturday to emerge as cd-teaders after the third round of'the US$l million Federal Express St Jude Classic. Langer overcame bogeys on the first and eighth holes at the 7,006-yard, par-71 Tournament Players Club course
      AP  -  135 words
    • 333 16 CYCLING AP TOUR de FRANCE champion Qreg LeMond said on Saturday that he hopee to race for an American team next season, but such a team would not have to be stocked only with US riders. "It's unrealistic to think you can
      AP  -  333 words
    • 509 16 ATHLETICS AP BUNDAY's Jack in the Box Invitational track and field meet in Los Angeles has suddenly gone vertical as well as horizontal. A month ago, sponsors offered US$5OO,OOO to any long jumper who breaks Bob Beamon's 21-year-old world record of 29 feet, 2 1-2
      AP  -  509 words
    • 253 16 BOXING AP STEVE WYNN says the Dec 7 world title fight between Sugar Ray Leonard and Roberto Duran is a perfect way to open his new resort, a 3,100-room, US$63O-mil-lion showpiece that dominates the Las Vegas Strip. It's also a chance for him to
      AP  -  253 words
    • 215 16 AFP THIRD SEED Brad Gilbert who rallied after looking as though he was heading for a straight-set defeat to beat unseeded compatriot David Wheaton in Vermont on Saturday, will meet fellow American Jim Pugh in the final of the U*****,500 Stratton Mountain
      AFP  -  215 words
    • 79 16 AP PAOLO CANE of Italy and Bruno Oresar of Yugoslavia beat a pair of Swedish-born upstarts on Saturday to reach the finals of the U*****,000 Swedish Open tennis championships. No 5 seed Cane, the only seeded player who survived the quarter-final round of this day court classic,
      AP  -  79 words
    • 208 16 AP EMILIO SANCHEZ of Spain and Martin Jaita of Argentina won thair raapactiva semi-final matches on Saturday, and were to face off yesterday in the final round of the U*****,000 Austrian Open Tennis Tournament Emilio Sanchez dismissed his younger brother Javier in juat
      AP  -  208 words
    • 385 16 CRICKET AFP ENGLAND, reeling from an Ashes humiliation and the 16 detections to South Africa, have included only two new namea in the squad for next week's fifth Test against Australia at Trent Bridge. Promising Lancaahire batsman Michael Atherton and West Indian-born Derbyahire quick bowler Devon
      AFP  -  385 words

  • COMPANIES & STOCK MARKETS
    • 763 17 Z THE HOOK LOCK SIEW IQB CORPORATION'! acquisition of substantial stakes in giant conglomeratea Malayan United Industries Bhd and Berjaya Corp Bhd ia giving analysta a field day apeculating as to what the well regarded property group ia up to. What
      763 words
    • 401 17 MBT CONGLOMERATE Sime Darby has reached an agreement in principle to form a joint venture in insurance broking with a Thai company to further explore investment opportunities in Malaysia and Thailand. The joint venture would be undertaken through its
      MBT  -  401 words
    • 589 17  -  By ELAINE KOH CITY DEVELOPMENTS could well reap gaina of $167 million over the next two years from four residential projects that it ia marketing this year. The estimstes were made by a recent James Cape! report on CDL,
      589 words
    • 490 17 MBT LOSS-STRICKEN Fsber Merlin Malaysia, which has proposed s comprehensive restructuring scheme, could be on the way back to the black. Sourcee say that the company may turn in a email pre-tax profit for the year ending June 30,
      MBT  -  490 words
    • 472 17 Bernama CYCLE CARRIAGE Bintang Bhd has introduced two models of the Mercedes Benz W124 series the 200E and 260E with enhanced aafety features to the Malaysian market. Cycle Carriage managing director Ti Yeow Yong said the new models come with the anti-lock
      Bernama  -  472 words
    • 114 17 NST BANK NEGARA has become the single largest shareholder of national liner Malaysia International Shipping Corporation Bhd (MISC) after acquiring another 73.35 million shares to bring its stake to 29.34 per cent. Bank Negara formerly held 73.35 million shares in MISC or a 14.67
      NST  -  114 words
    • 604 17  -  By WILLIAM CHIA DEBT-STRICKEN property inveetment compsny Renong Bhd looks set to become the major listed vehicle of Mslaysisn physi-cisn-turned-businessmsn Dr Chsn Chin Cheung. Renong announced last Friday s restructuring tcheme that will convert M 518.5 million of debta owed to three bankt into
      604 words
    • SES
      • 1698 18  -  r 1 Singapore P L J By JOSEPHINE CHAN WITH THE National Day holiday on Wednesday, the week ahead i« likely to hold nail-biting moments for in vectors who held on to their shares last week. Following a rash of profittaking which some brokers described
        1,698 words
      • 6249 18 Or'* Gr's 1989 Tel Last Vol Week Last Quote Dhr Dhr rid Nat M Cap High Low Code Company Sale orC000) High Low Buyer f teller C*vr P/E Smil AUG 04 SESDAQ 168 120 t 4000 Amtek Eng 20* 152 -6 37 157 152 150 155 10
        6,249 words
    • MARLET REVIEWS
      • 862 19 T7 L Hongkong m LAST WEEK, the market broke out of its consolidation mood and moved up strongly. Bullishness filled the sir as investors shopped for shsres. The week wes hectic ss the Hang Seng Index (HSI) jumped higher each day but cloeed off
        862 words
      • 841 19  -  Complied by JULIANA TAY Wook ended August 4 SCRIP ISSUES Botu Kawark Proposed bonus issue of one-for-two M Houn Rights issue of three-for-four at M$2.10 per shore and bonus issue of one-for-seven (rights entitled to bonus). Nat Irani Issue of $95.77m 1.5% unsecured bonds due 1994 with 19.15m
        841 words
      • 451 19 K.Lumpur a MBT THE Kuala Lumpur stock market took a tumble towards the end of lest week and this wiped out earlier gains, causing prices to retreat slightly lower across the board in fairly active trading. Initially, market players showed enthusissm as they were
        MBT  -  451 words
      • 329 20 r £T-rm Tokyo 4 AFP JAPANESE ihari prices roee moderately last week with the Nikkei Stock Awage briefly hitting 35.000 yen for the first time. But it flnlahed at 34,741.90, a alight gain of 36.36 yen from the previoua Friday after jumping 806.20 points the
        AFP  -  329 words
      • 599 20 New York AP TALK of a possible recession may frighten politicians and business plsnners, but It doesn't seem to scare investors in the US stock market these days. The word came up with increasing frequency this past week when the US Commerce
        AP  -  599 words
      • 848 20  -  limjl London *y RAY HEATH STRANGE are tha ways of tha bureaucrats. Last weak tha Bank of England terminated tha career of Mr Jonathan Cohen, a former director of National Weatminater Bank's merchant banking arm. He was forced to reeign hie poet at
        848 words
      • 462 20  -  ■y RICHARD HARRIS Enekilda Securities THE general bullish too* In Europe last wNk waa emphaaiaed by the good performance of most markets. Thia positive sentiment la brought about by globally tailing intereat rales aa well aa by the fact that economic activity
        Enekilda Securities  -  462 words
      • 312 20 AFP THE ARREST of a top executive of the giant Reliance Industrie Ltd (RIL) on chargee of conepi racy to kill the chairman of the rival Bombay Dyeing company dampened late-week trading on the Indian Stock Exchange. The newa nullified gaina made
        AFP  -  312 words
      • 331 20 9% \VI Sydney A AFP THE Australian ahara market last weak surged to Us highest levels since the October 1967 craah as ovaraaaa invaatora want on a blue-chip and resource stock buying spree. The market cooled on Tuesday after a good etart as the Auatralian
        AFP  -  331 words
    • WORLD MARKETS
      • 658 21 New York Reuter GAINS in high-technology and cyclical iaeuee helped tamper loaaaa in tha US stock marfcat last Friday. Blua chipa andad slightly aaaiar daapita a rout In tha bond marfcat following an unexpactadly strong July unemployment report. Tha data dampanad hopaa of immediate rate cuts.
        Reuter  -  658 words
      • 897 21 London LONDON ahare pricea moved higher in moderately active in late afternoon trade laat Friday, after Wall Street ataged an early gain on the US employment data. Doalera aaid the employment data allayed fears of a US receaaion. "The American market appeara stable and that underlinea positive
        897 words
      • 277 21 AFP FOREIGN INVESTORS are allowed to buy shares in newly listed companies in Indoneeia, the country's Finance Minister Johannes So merlin has said, dispelling uncertainty about ownership reetrtcttone. "Shares offered for sale on the stockmarfcet can be purchased by foreign or
        AFP  -  277 words
      • 443 21 AFP A FRIENDLY U551,066 Will on takeover bid for the US-based chemical firm Pennwalt by French statecontrolled oil and chemicals group Elt Aquitalne has ■ucceeded. Elf eakJ in Parle on Friday It now controlled a 96 per cent stsks In the company, as
        AFP  -  443 words
      • 1249 21 TRADING LIQUIDITY A KEY CONCERN AMONG INVESTORS NYT FOR YEARS, financial Cassandra* hav* warned of the dangers of "Junk bonds". The rapidly expending merket for thess low-rsted. high-yisld securities is hastily erected on s small, fragile and inedsqusts foundation, they say, and sooner
        NYT  -  1,249 words
      • 96 21 AFP THE share price of the pharmaceutics! company Wellcome jumped nearly 15 per cent in London last Friday on news that an official US study had found Its AZT drug to be effective in the treetment of Aide. Wellcome shsres lespt 67 pence to
        AFP  -  96 words
      • 275 21 AFP JAPAN is reviewing ruiee related to company takeovers which discriminate against foreigners and allow takeover targets to ieeue cheap sharee to friendly companies, Finance Ministry officials have said. Foreign inveetors currently heve to register with the ministry through a Japaneee securities firm 10
        AFP  -  275 words
      • 1035 21 Amsterdam AUQ M PIS +J. ABN 46 a A+Qpn 108 -0 1 Ahotd 1322 -04 146 8 0.8 Alraota 163 3 0 3 AMEV 57 0 0.4 AMRO 83 1 -0.2 Am. St*d Borkti 1868 0.8 BOLS 186.0 -1 Boraomy Bo*tirm*n TMk 126.8 4.8 od« 66 3 1.1 Calv« CSM
        1,035 words
  • Page 17 Advertisements
    • 209 17 g consiec '89 CONFERENCE THEME: LOGGING INTO THE COMPUTER AGE /ORLD TRADE CENTRE, CONFERENCE HALL ONE A rare opportunity for professionals and users in the field of microcomputers to learn from specialists in both hardware and software applications. They include: MS JUDITH ROSE the Institute of Administrative Management, UK TOPIC
      209 words
    • 10 17 Clsmbo hat been held over due to pressure on space.
      10 words
    • 89 17 The oldest' Jl, J —-J* alarm wrist watchin the world. SR revue thommen: POWER THEM WITH Maxell has batteries of every type to meet your every need-Silver oxide batteries, Micro alkaline cells, Micro lithium cells, Manganese batteries a Super lithium batteries. High power Last longer Superior leak resistance Longer shelf
      89 words


  • Page 19 Advertisements
    • 4 19 Hl' 'Mi; HEWLETT PACKARD
      4 words
    • 48 19 Business Opportunity A Local established marketing company in Sports Leisure products holding international agencies and licensee rights is seeking additional capital to further expand its business locally and within S.E.A. markets. Those who are interested please write to: The Advertiser B.T. Box ***** 422 Thomson Road S'pore 1129
      48 words

  • Page 20 Advertisements
    • 800 20 r* v i r ml In the Matter of Hm CompanlM Act, Cap. 80 CARROLLTON TANKERS (SINGAPORE) PTE. LTD. (In Member*' Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companlea Aot, Cap. SO that the PINAL GENERAL MEETING of the Member* of the abovenamed
      800 words
    • 557 20 IN THE MATTER OF THE COMPANIES ACT, CAP. 80 MAIDOLLY PTE. LTD. (In Voluntary AC an Extraordinary General Meeting of the member! of MAIDOLLY PTE. LTD. duly oonvened and held at 101 Upper Cross Street tKBI-22 People's Park Centre, Singapore 0106 on the 3 day of August I960; the following
      557 words
    • 778 20 IN THB MATTER OF THE COMPANIES ACT (CHAPTER 80) AND IN THE MATTER OP INTERSTEEL PTE LTD (In Members' Voluntary Winding-up) At an Extraordinary General Meeting of the abovenamed company duly oonvened and held at 400 Orchard Road, #31-05 Orchard Towera. Singapore 0023 on Friday, the 38th day of July
      778 words
    • 661 20 jji j .v** BUTUAN PTE LTD (In Member*' Voluntary Wlnding-Up) At an Extraordinary General Meeting of ths abovenamed company duly convened and held at 400 Orchard Road, #21-06 Orchard Towers, Singapore 0833 on Friday, the 36th day of July IMO the following Special Resolutions were pa—ed and duly oonflrmed, vls:"Reeolved
      661 words
    • 341 20 In the matter of THE COMPANIES ACT, CHAPTER SO In the matter of A. L. HOLDINGS PTE LTD (In Voluntary liquidation) NOTICE 18 HEREBY GIVEN that the creditor* of the abovenamed Company, whloh Is being wound up voluntarily, are required on or before 7 September 1980 to tend In their
      341 words

  • Page 21 Advertisements
    • 241 21 Major European Bank Assistant Manager I Qof c Around $55,000 Our client is a well-established European Bank which is expanding its operations in Singapore and in the region. Over the next few years, trade financing will be the key contributor to the bank's growth. An experienced corporate banker who has
      241 words

  • 420 22  -  MID-YEAR FORECAST BY NUS'S ECONOMETRIC STUDIES UNIT By TAN KEE WEE ECONOMIC GROWTH this year should range from 7.4 per cent to 8.8 per cent, according to a mid-year forecast by the National University of Singapore's Econometric Studies Unit (ESU). Even
    420 words
  • 311 22 By SHOEB KAGDA WORKERS in the Soviet Union welcome the reform programmes introduced by Soviet leader Mikhail Gorbachev, but they are fruatrated that four years of reform have not brought them a better life. This was the impression Mr Ong Teng
    311 words
  • 328 22 Reuter THE Federal Reserve Board, the US central bank, may have hauled the American economy back from the brink of a recession which loomed after years of sustained growth. After reining in inflation earlier this year before it got out of control,
    Reuter  -  328 words
  • LATE FILE
    • 45 22 Reuter MAJOR coal strikes which spread from Siberia acroes the USSR last month could flare again becauee managers are dawdling in carrying out promises over pay and conditions, A Melnikov, Communist Party chief of the Kemerovo region, said yesterday. Reuter
      Reuter  -  45 words
    • 57 22 Reuter NATO Secretary-General Manfred Woemer called on the Soviet Union yesterday to cut military spending or face failure in its social and economic reform programme. At around 13 to 14 per cent of the country's Gross National Product, Soviet defence spending was a crippling
      Reuter  -  57 words
    • 27 22 AP HONGKONG governor Sir David Wilson arrived in London yesterday for his first meeting with Britain's new foreign secretary, John Major. AP
      AP  -  27 words
    • 27 22 Reuter TOP clerics confirmed outgoing preeident All Khamenei as Iran's new supreme leader yeeterday amid signs of dissent within the government. Reuter
      Reuter  -  27 words
    • 28 22 AP FOUR people died and 63 people were wounded yeeterday when separate bomb explosion* jolted two Pakistani citiee Peshawar and Rawalpindi 100 km apart
      AP  -  28 words
  • 134 22 AFP CAMBODIAN reaiatance leader Prince Norodom Sihanouk ia ready for "compromise" in the tranaition phaae from Sep 26, when the last Vietnamese soldier is due to leave Cambodia, to as yet unecheduled elections. In what Cambodian sources in Paria billed as a compromise solution,
    AFP  -  134 words
  • 178 22 COMPAQ ASIA will move into its new $150 million manufacturing plant in Yiahun around April next year. As the company plana to Increase ita total employment from 800 to 1.500 workers when the new building la completed, this will mean more
    178 words
  • 186 22 NTUC FAIRPRICE Co-Operative regiatered a net profit of $24.3 million for their financial year ended March 1989, an improvement of some 35 per cent over the previoua year. It was the third successive year the cooperative had seen a higher profit
    186 words
  • 100 22 Reuter SINGAPORE, which has volunteered to help the Philippines in playing hoet to the US military in Asia, will probably become home to only a token force, diplomats and military analysts say. "They're looking at a couple of warships and a squadron of fighters," a
    Reuter  -  100 words
  • 335 22 Bernama THE Chinese government haa agreed to give priority to Malaysian traders in obtaining agency rights to enaje in direct trade with ina, according to Minister of Trsde and Industry Datuk Serl Rafidah Aziz. She said in Subang laat Saturday that with auch
    Bernama  -  335 words
  • SATURDAY ROUNDUP
    • 143 22 THE Economic Development Board (EDB) was urged on Saturday by the Association of Small and Medium Enterprises (ASME) to allow all intereeted trade and industry associations to be shareholders of the Enterprise Promotion Centre (EPC). EPC is a new company set up by seven
      143 words
    • 193 22 A quick look at Saturday's main news SINGAPORE would do itself a disfavour in the long-run if it were to encourage professional and skilled workers from other Asean countries to settle here. This is because by draining these countries off their able people,
      193 words
  • Page 22 Advertisements
    • 581 22 Free clippings of BT exclusive stories Free copies of these exclusive stories in last week's Business Times are now available. 1. Fast-escalating property prices have frustrated the attempts of a Japanese company to buy over four hotels from Khoo Teck Puat. 2. Koh Brothers is among the early birds investing
      581 words
    • 366 22 w&m wmf-i m W r Wt invite you to attend the THE CHANGING WORKFORCECHALLENGES FOR MANAGERS Fee: SsloBo SIM members/SsllBo non-members Today s tight labour market situation, changing work expectations and intemationalisation pose various challenges for companies and managers. This SIM Human Resource Management Conference will squarely address the major
      366 words

  • SHIPPING TIMES
    • PORT SIDES
      • 38 23 ALL SHIPS in harbour are welcome to join in the National Day celebrations by dressing and lighting up at the anchorages or berths on Aug 9 and 10, says the Port of Singapore Authority.
        38 words
      • 84 23 AFP SOUTH KOREA is actively negotiating with Iran for exports worth US$3 billion, including construction projects and shipbuilding orders. South Korean Energy and Resources Minister Lee Bong-Suh said in Seoul last Saturday that Iran wanted South Korea to build 10 250,000-ton oil tankers for US$73
        AFP  -  84 words
      • 67 23 AFP THE YUGOSLAV engineering firm Ivan Milktinovic has signed a US$l45 million contract with a Libyan maritime construction company to rebuild the port at Tripoli, the Yugoslav Tanjug news agency reported last Saturday. The work is expected to take four years. The Belgrade firm
        AFP  -  67 words
      • 79 23 Reuter PORT EMPLOYERS in Liverpool warned striking dockers last Friday that they face dismissal without compensation unless they call off a strike and accept new job contracts by today. The 1,500 dockers there defied a union vote calling off a nationwide official strike and decided at
        Reuter  -  79 words
      • 73 23 AP THE US SENATE last Friday approved legislation to boost companies' liability for oil spills, create a nationwide system to clean them up, and establish a US$l billion trust fund to help compensate for damages. The legislation was adopted a little more than four months after
        AP  -  73 words
      • 66 23 Reuter A SOVIET SHIP rescued 15 Indian and Somali seamen after their barge sank in the Qulf, shipping sources said in Dubai last week. The sources said the Kuwait-bound 7,700-tonne Soviet merchant vessel Nikoiay Shchukin picked up the seamen last Tuesday after their barge loaded
        Reuter  -  66 words
    • 160 23 MAERSK LINE has launched a new dedicated weekly doublestack train service from Tacoma via Chicago to Toronto and Montreal. This move makes it the first carrier able to offer a through double-stack service to these areas. The new system eliminates the transfer by
      160 words
    • 1073 23 IV A8C CwW—Mw a s Accord Skpg vw 3/4 AES XM 3 AkronkM liaor XII 5 AC Toaplar x» 5 Ami kud Nmgini XM 4 Arrow Unoi n S Auoc Cornaga XM s ANt 1/2 A/C Ua VI 4 An V 3-S Asa V 1 Artat lim
      1,073 words
    • 298 23 FT WARTSILA. the Finnish engineering and shipbuilding group, has started negotiations with the government in an attempt to save its marine division, one of the largest shipbuilders in Europe, from bankruptcy. Wartsila Marine, Finland's leading shipbuilding company, builds two-thirds of the world's ice-breakers
      FT  -  298 words
    • 540 23 Reuter SHIPPING COMPANIES should abandon rsto wars and become integrated carriers investing in networks linking the world's trading bloca, says the new president of Mitsui OSK Lines Ltd. "Success in upgraded and diversified services depends on the size of investment If
      Reuter  -  540 words
    • 466 23  -  JOINT VENTURE TO RUN SI2M DISTRIBUTION CENTRE AND CONTAINER YARD By RAHITA ELIAS MITSUI OSK LINES (MOL) has joined hsnds once sgain with Hai Sun Hup to form Cougar Logistics. The new company will run the proposed $12 million distribution centre snd container
      466 words
    • 287 23  -  By AL O LABITA JR By AL O LABITA JR, writing for BT from Manila MANILA has reported heavy traffic in containerised cargoes, both domestic and foreiQn. The Philippine Ports Authority (PPA) said the volume of cargoes passing through the country's premier port surged ahead
      287 words
    • 826 24 THIS FORTNIGHTLY re-'-port, compiled by Cockatt Marin* Oil Lid, shows price rangea in US dof- lara Inataad of single prlcaa tor a mora oomprahanaiva daacrlptlon of tha markat. Pricaa Shown ar a baaad on "■■aversgs aizad stam. Markat movamanta ara t— a a tnoicaiM. Tha Cockatt Bunkar
      826 words
    • 249 24 VME PORT of Felixstowe will introduce a new computer system durtng the second quarter of next year fe enable Its customers to get a tester, more accurate service. •>-The port-wide cargo-handling pltwork Cargo Handling Reallime System or CHARTS represents part of a major overhaul undertaken by
      249 words
    • 99 24 Reuter A CHRONIC BOTTLENECK slowing grain shipments from the US Midwest to ports in the Guff of Mexico should ease when a new lock under conetrucbon on the Mississippi River replaces a smaller one that often broke down. The 51-year-old lock, like many others on
      Reuter  -  99 words
    • 597 24 Rising costs and tough competition likely to take their toll Reuter TAIWAN, ths world laadar in shipbraaking for almost two dacadas, will lom Its tltla to China this yMr, according to industry officials In Taipai. Taiwan's shipbraakars ara facing riaing wagss. labour shortagM, skyrocketing prlcas
      Reuter  -  597 words
    • 459 24 TWO 1962-built bulkars of 11,702 dwt sach. Lux Colonist and Lux Creator, wara bought by a Qarman ooncam for about UBsl4 million an bloc. Tha Qoisr Uz, a vary larga cruda carriar of 271,967 dwt and built In 1961, wm sold to a Far Eastern concsm for about US$4l
      459 words
    • 1937 24 RECEIVING OF EXPORT FCL CONTAMERS Al NO LCL CARGO Ship Voy Arr Krai Ti rnUiltK BrSd ladulaa B* Op Gdn Dm/Th no TI Mm Froi a J ooklng G ■to M Goacfcorei 44MW nana— uoo 9/2100 9/2130 NA 2 04 00 roi Al AMaadWi 56A *****
      1,937 words
    • 225 25 AFP A PROTEST by workers against the privatisation of' a seaport in eastern Thailand is not expected develop into a strike. Thai Communications Minister Month Pongpanich said last Friday. Mr Montri was addressing fears among local shippers that the dispute might lead to
      AFP  -  225 words
    • 1094 25 SOME EASING in freight rates for dry cargo business was seen as demand, especially for grain coverage, remained thin, although the Baltic Freight Index held unchanged on Thursday at 1,390, brokers said. A grain product cargo was covered from the Mississippi to the Netherlands at a lumpsum equivalent
      1,094 words
    • 9730 32 aamnub Mlhon, ScanOutcht. Aug 1 Ming Plaaaura. Vang Ming. Aug 1 HaMaMarg Ctpraaa. Trlat, Aug S(PK). Anna Maarak. Maarak Una. Aug 10. Noraaia Al-Manaoorah. Noraaia Llna. Aug 11 Villa da Naptuna. CM O'Alfratamant. Aug 19. Ming Qalaxy. Vang Ming, Aug 11 Evar Olaamy.
      9,730 words
  • Page 23 Advertisements
    • 27 23 n MS A lively way with words AwhMKal good bookahop* For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
      27 words
    • 17 23 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association
      17 words
    • 53 23 "The Illustrated Encyclopedia of Wildlife" Wild hp A fortnightly at all good o L »V %v-. i. ..i. < tfiliSSi£H ■< <i mmmm l^w KSp NELS P»ip f #> A **> ISofeisional io&yoi WOW ACCEPTING LCL/FCL TO: KINGSTON, SAN JUAN, SANTA DOMINGO INLAND EUROPE:- NYERENBERG, VIENNA SALZBURG 120 lAN JONG
      53 words
    • 154 23 INSIDE Taiwan breakers gloomy TAIWAN, the world leader in shipbreaking for almost two decades, will lose its title to China this year, according to industry officials in Taipei. PAGE II High-tech boost for Felixstowe THE PORT of Felixstowe will introduce a new computer system during the second quarter of next
      154 words

  • Page 24 Advertisements
    • 91 24 A UPIIIA mCJUU SrtPPING 4 TRADING (PTE) LTD NOTICE IS HEREBY GIVEN that MR AARON B.H. CHEW has ceased to be the General Manager of MEIGO SHIPPING TRADING (PTE) LTD with effect from Ist August 1989. 'MR AARON B.H. CHEW is now not authorised to represent MEIGO SHIPPING TRADING (PTE)
      91 words

  • Page 25 Advertisements
    • 1328 25 OOCL Pt!tlicoU*d to Qwolily WW [gg] JAROINE SHIPPING AGENCIES 200 Cantonment Rowl #12 05 Southpotnt. Sinppor* 0201 Td *****11 TELEX NO RS ***** TERMINAL/CFS Tal *****18 220 BOOKINGS Tal *****34 235 PESAKA JAROINE SNIPPING AGENCIES SON BHD. PORTKELANG TEL: *****18 Tato NoMA»477JItAgjTO PENANG TEL *****4 TELEX NO MA***** CFS TEL
      1,328 words
    • 1187 25 MAERSK LINE MARCHEN M LEISE M MARORETHE M MFTTE M LAM M REOMA M LAURA M LEXA M IS/8 IM 22/8 2M 2M 30/fl V 9 M 12/9 IM IM 2M 2M 27/9 DESTINATIONS A»» ~,t t IM 17* 19/9 24/9 2M 31/9 M 7/9 M 14/9 IM 21/9 2M
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  • Page 26 Advertisements
    • 485 26 u Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT P. KELANG SOUTHAMPTON 11/6 HAMBURG BREMERHAVEN ALSO ACCOTIM CAMO TO: ALL UK INLANO OCSTINAT 777^1 BELFAST, DUBLIN, COPENHA6EN, AARHUS, QOTXNBUM, MALMO, HELSINKI, OSLO. CAM MEAN I S. AMERICA CONTAINER SERVICE FROM UK/CONTINENT I BREMER-1 R OAM/ I I SOUTH- I I I VOY NO.
      485 words
    • 407 26 T 0 COLUMBUS LINE REEDEREI GMBH (A SERVICE Of HAMBURG SUDI EXPRESS SEMI CONTAINER SERVICE TO rTTTTT v\ CATHERINE II TAMAITAJ SAMOA VUN FORTHBANK V-2SN S PORE ROM/A DAM HOG HULL (U.K.) U-M/B io/s lifl IV) JOfi 17/10 21/10 10 13/ M «/ll 13/11 17/11 'Aln AtapMi ECL Is A
      407 words
    • 709 26 .51 REGULAR INDEPENDENT FULL CONTAINER SERVICE TO EUROPE NO*ASIA AL-MANSOORAH 1920-3 JAPAN SEA 921« NORASIA SUN 9922 3 NOR ASIA PEARL V 9923-3 (VU rUDO) PKL «V« V* MH m AnUrp^rSttwSns 10 K st utK>nv ScMdiMvian (Ajrfmt. Bremen via Hamburg ANT LEX 3 TO MEDITERRANEAN/RED SEA PEN PKL SIN NOR
      709 words

  • Page 27 Advertisements
    • 863 27 Steamers Maritime Holdings Ltd f STRAITS SHIPPING \Y P&O Containers CONTAINER SERVICE TO UK CONTINENT EiinroiMFrrnCTi'ita.v'. i an an an an an an an an an un un an «n an an un w a un w a an w iw w an an an an an an an an
      863 words
    • 687 27 Tik.CHO YANG LINE WEEKLY EXPRESS INDEPENDENT FAR EAST EUROPE FULLY CONTAINERISED SERVICE •fit STRAITS TRANSPORTATION PTE LTD TEL *****22 (CHOYANC. FMC. CAVNI *****44 (WATERWANi K L TEL *****80 *****13 4 PK *****78 *****53 PENANG *****7 8 CROSS WATER HCAO OFFICE: 1 iATTWT tO MM*U STRAITS TVAOMC tUILMNC TEL: *****55 (20
      687 words
    • 319 27 Hai Sun Hup Co (Ptc) Ltd 'f <?i u< *i ro*.' R- t I-AS I KKX (A k I.INKK l/l STRAITS/ JAPAN/ STRAITS SERVICE PECIALIST IN RO-RO HEAVY LIFTS clipper VOY. NO. 117 P. Mam In Hong Kong Yokohama 251t Natoya 23/1 Moji Funibnhi mt •For Di«charfinf Only OTHER MPANESC
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  • Page 28 Advertisements
    • 477 28 •1 n SINOSE 01 MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES TAKHTI 20 AUG BANDAR ABBAS KYOWA LINE MTHOOUCMQ KYOWA FAST WNECT S^UUUCONT/ service from s*rore/pk to ouam/sajran and ETA STOKE LOAD FOR:IMBUa Sicß^»A A TORTr hkhonoia ports mrcct calls on inoucenent basis ano/or T/SHPT AT GUAM OR
      477 words
    • 551 28 (ft HANJIN SHIPPING FULL CONTAINER SERVICE I TO USA PACIFIC SOUTH WEST iiEßMiiiy TO EUROPE VIA SUEZ M 1 Mv >YP'lir' TO PACIFIC NORTiI WEST CANADA i'i WH—TO FAR EAST PORTS 7* Hvt 11* im is* m im vit im na njt 21* a/i a* 2M a« nit 2M 31/1
      551 words
    • 157 28 INTEROCEAN UNE 78, 2nd Floor, Jalan 2/71, Taman Tun Or. ImmM, MOOO KL. Tol: *****34, ******4, *****29 TLX. NO. MA-***** FAX: 03-*****11 Panang Off: Tal: *****7, *****2 ACCEPTING CARGOES FOR THE FOLLOWING PORTS loading for SYO. MELB ADE BRIS FREM LE HVE. HBG BREMEN R DAM GENOA. ANTWERP UK PORTS
      157 words
    • 552 28 EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) EVU GARDEN EVU MOVTN EVU GRAND evu gifted EVU GMET PKt MP MB KM KL6 PUS MKT V« w w W UP U M ivh mm am am Si 2 2 nn a« M M u Mi m ,ia m/n mjw in um IS mm
      552 words

  • Page 29 Advertisements
    • 749 29 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES VOY SIN m lit tw SIN JKT MY VOY MM KAO im im mm ttn im SM MN IMB M M M M 7/V 44M8 IM 17/1 ACCSTTBM MUNUAAM/TOMAKOMAI/HTACMVTOVAMA i A. M UM i n
      749 words
    • 326 29 BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT an n* w in vi w im m an u» IN an UN IN »N V MP f DH |l UN OH MH im on iw v v w an an i*» an im an an an an va va im an
      326 words
    • 367 29 IV DJABAQETRI A Joint Europe Service Of: F T. IJMUim um tx WWW lUTI .T. HHOM NMKSM P.T. TMKOM HOY# '1 I-' I, J I II k va/vor UMNTANWian (icCtFIIHC COKVINTKMAI I CONTAINCRIXO CAMO) UIV» UJM (ACCEPTING CONVUTKMAI t CONTAMMO CAMO) amuAiwm a-a/i am ant (ACCimWC CONVENTIONAL AM CONTAINOISCO CAMO)
      367 words
    • 387 29 BOUSTEAD SHIPPING AGENCIES MYOMA TWA MTOMCVWA V 2 MPA-A* VMZ MYANMA FIVE STAR LINE (Burmese National Line) Loading for Rangoon Sport P.Ktiang Pwung Banook iS =T THE BANK LINE •Ml-CONTAINER SERVICE NORTHBOUND TO UKC STORE ROAM KMBG MULL CATHERINE M ljl Ufl fl/) CLYDEBANK VSN |5 1 S S TAMAITAI
      387 words

  • Page 30 Advertisements
    • 698 30 K LINE k WYASAkI KISI.N KAISII I II > OOCL FAITH OOCL FRIENDSHIP NEPTUNE JADE OOCL FORTUNE OOCL FAITH OOCI FRIENDSHIP NEPTUNE JADE OOCL FORTUNE FEEDER VESSEL OOCL FAITH OOCL FRIENDSHIP NEPTUNE JADE OOCL FORTUNE VOY INOO *PK/PNG SGP MOTHER VESSEL 15 7/1 1/8 10/> BROOKLYN RRIDCE 15 14fl ISM
      698 words
    • 654 30 EXPRESS CONTAINER SERVICE AcopOwg FCL/FCL ConWixr* Mottw ft fmtm fmtm ntm aim ua* I S«p» ?U*t 2 it* h t Oct as* »h* h M Oct U Oct II Oct fi «Mm 15 NO. IS Nw h mtm 11 <m INDIA EXPRESS CONTAINER SERVICE Accspttng FCL/FCL Container* F.MMI Pwwh LM**|
      654 words
    • 210 30 m GOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD a Aff Strad S4NCAHMK nw TIL UUW (10 LINIS) Fai UUSM GULF SERVICE: Vmn f.Mm Nn 1 uuLf stmrict: vpon p. 14/11 CotonOo, *»»<*, OuO» M/H AagMi CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE'S REPUBLIC OF CHINA ■f. KLANC T«i: 03-W7911, MM*-7.
      210 words
    • 474 30 PHIU-ORIENT LINES PTE LTD ft© HUD OfflCf 'Of ROBiNSON ROAL C.V BUILDING SIN jA e OBf T L t > OS JB"2C Phii i rA i EAST/HI EAST Fa ft La ETA SINGAPOtE DESTINATION UJ*. -'lf|l>ll 77T 17' TV i. mis in* EAST/NEST AFHCA/MB. Fa ft La TW IIM "f
      474 words

  • Page 31 Advertisements
    • 1206 31 NEPTUNE MENCIS PTE. LTD. NEPLME SON BHD K Lumpur hMM xuoa woc3? **********0E) NEPTUNE ORIENT LINES LTD onto umi ami am am E X P R- T I M P R T m.II, ti-,r roc V9L/VOT Pwk— 878 PHbN MB hrbit 918 VBSBEL/VOY Hakata 10/927 A. Concord 01/918 MB Maru
      1,206 words
    • 456 31 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 lines) Terminal Office: 1M241/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS tS MM THONC SNIPPING 127 PwHKStrMt. fW* JAYAPOM PCNAM. Tat: *****4*22 M/ Tata: MA 400» GUOANG: FJ. SHIPPING AGENCY
      456 words

  • Page 32 Advertisements
    • 310 32 iil. JlrflilA CORPORATION (PTE.) LTD. Til 225 6868 (34 Lmts) FAX *****39/*****76 TUEX RS ***** A/B SSCMA. RS ***** A/B SSCAD DSR-LINES H [if .tcrai Ht SEf HEEDEnt- r << V INTEGRATED CONTAINER SERVICE MOMCR Of EACON SWVK2 TO EAST MEDITERRANEAN NORTH CONTINENT EUROPE IflA LAMACA: ACCEPTIM CAMO RW UMASSOL
      310 words
    • 353 32 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANGI SEMARANG/PANJANG/CIGADING/ BENGKULU ETA ETO 10.8.89 11.8.89 IN PORT 30X89 17.1.89 11X89 13JJ9 14X19 9JJ9 11X89 LOADING FOR PANJAM/PK. BALAM PANJAM PANJAM/JAKARTA PALEMBAM/PK. BALAM PANJAM/JAKARTA JAKARTA/PANJAM PANJAM/PK. BALAM SERVICES FROM SINGAPORE TO PADANG PERITA MAS ETA 150/19 ETO 2S/S/I9 iwry riCTTVing c»'go ai
      353 words
    • 288 32 1U I. CONTAINER LINE' ARNSTADT PIYA BHUI I*l |W m n ARNSTADT fIVA HHN Cil 23 P.KELANG 3 SAILING DASWANI Sdn Bhd Pkl (Tel: PENANG 2 SAILINGS A iTiiri JAKARTA 2 SAILINGS A ffl PT Sarana Penida Jkt (Tel: *****6) SURA6AVA -1 sailing a PT Sarana Penida Sby (Tel: *****)
      288 words
  • Page 32 Miscellaneous
    • 142 32 m Regional Weather I m 'J: L!Z SIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO A.M. August 7,1M9 Wind dv*chon with iptfd in knot* R Thund.r«orm T*mp*ro»ur* c A V Show*r W*oth*r Wind dnction with ipttd in knolt Rom CJ Cloudy Sky Wov h Woe* wmdt art indicated by orrowi wfcefc
      142 words

  • Page 33 Advertisements
    • 1391 33 RICHFIELD MARINE AGENCIES (SI PTE LTD TEL *****33 (10 linen EAX *****15 TELEX RS 3SSS3 RISMIP (3 L.nes) TT ACCEPTING FCL ANO CONVENTIONAL PCMfKQ ETA LOAOMO TOM MM METSAMCT ]M OAHSSBALAAM. MOMBASA. OJMOUTT VOV mm ANA* MMIAWA. HOOSKMH MV ANOMCT XVIO QAMSSSALAAM. MOMBASA. OJMOUTI VOtfirwa AMAI MASSAWA. HOOOOAH Other ports
      1,391 words
    • 91 33 WM FARGO SHIP REGULAR EXPRESS FCL 8. LCL SERVICE DESTINATION ETA SINGAPORE AMSTADT PONT KELANG (Fa ONLY) rn.mm.mm KEELONG. KAONSIUNC UN. m OM, m VI. 12JI mmmw JAKANTA (Fa ONLY) tokyo.kok. mjsan mm mm (Fa ONLY) I'll'- .T;V" FARGO SHIPPING CO (P) LTD 19. Keppel tod, #06-07/00 J* W» Building.
      91 words

  • Page 34 Advertisements
    • 31 34 kdsiti Egyptian International Shipping Company SERVING OtKCT TO/HOM POtiT SUEZ, ALEXANDRIA, AND SAID BY EGYPTIAN FLAG VESSRS tASTMWNO ra tcrrr WCSTKUW TO RYfT 1- iW X-- .ii. SSUBR-r™,™ m*-. MCniIT|MI«KN nXMliMil
      31 words
    • 277 34 QcerpSeruice J VIGOUR LINE CONVENTIONAL UNER SERVICE TO MNGANQ BANGKOK VSI SIN HK XINGANC JIN SMIN Yl M 2M 11* CENTRAL EXPRESS LINES SVENJA V6W ETA 15 AUG CAN ACCEPT HEAVY LIFT UPTO 140 TONS TO:PORT SORONG PORT MORESBY LAE SFO LAX EAGLE LINER SHIPPING AGENCIES PTE LTD TELEPHONE NO
      277 words
    • 381 34 CSAV Companui SudAmeric.inj de l.tpi/re> SA Chilean Line Est 1572 SERVICE to/from CHIi J feeder Irrowl mother vessel m toko arica km antotvalp sai cye VESSEL CSAV 2 Itt LUCK VMB W 8/» Of* CUV 1 M ATACAMA Ml lift *1* 7/U *U 1101— CSAV I IS£ LAM ZM «l
      381 words

  • Page 35 Advertisements
    • 985 35 Z I M ruil CONTAINER SERVICE accetfMf FCL/LCL urfott to USA Eml ft We*l Cmil Caribbean East Canada HAITI Costa lu El Salvador Guatemala Honduras Veneiuela. Peru. Ecuador. Colomfeia via Miami Tnnidad lirMn Antifui SI Lucia. Monts«fr»t Guayana via Kinfrton Hill MM VM lIM ZZM ZLMI 11 an a# mo
      985 words
    • 408 35 arm) i r. u *»wi» TWUWOFTATIOW (FT*) LIB WEEKLY LCL/FCL SERVICE I IL!ZLiAI FLU IAZII OCSTWATIONt i PORT KELANQ MANILA HONG KONG. ALL CHINA PORTS KEE LUNG KAOHSIUNG BUBAN TOKYO. KOBE CHITTAQONG DUBAI JEDOAH SYDNEY. MELBOURNE 11 AUG 11 AUG 11 AUG 13 AUG 14 AUG 19 AUG 14 AUG
      408 words
    • 381 35 *x PERINTIS LINE WEEKLY fiJLL CONTAINER SERVICE WEEKLY FULL CONTAMER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SINGAPORE ETA FTO JAKARTA HA ETC PRABHAKTI PRASE TLA 284-286 8/06 14-15 12AM 9/08 11/08 11/08 14/08 18/08 16/06 VOY SINGAPORE SURABAYA ETA ETO ETA ETD TANTO UTAMA
      381 words
    • 316 35 PTC CONTAINER LINtS ICI ICI SIKVICI 13/8 KEELUNG/KAOHSIUN6 12/8 BANGKOK 11/8 MANILA 12/8 JAKARTA 12/8 PORT KELANG/PENANG 10/8 BUSAN 16/8 TOKYO/YOKO/KOBE 10/8 HONG KONG atoo acceptor* to Huanoxj/Shenzhen/Fiizhou 12/8 LDN/FLX/LVP/SOU 12/8 ROM/HAM/ANT/LE HAVRE/GENOA abo accepting cargo to al Europe intend detonations 10/8 LA./NYC/SFO 6/8 VANCOUYER/TORONTO/MONTREAL 15/8 SYD/MELB/ADEL/FREM 11/8 AUCKLAND/WELLINGTON 10/8
      316 words

  • Page 36 Advertisements
    • 746 36 I L MARINE CO., LTD EASTBOUNO TO USA TO PBW Ml m m ow «A is 12* up mm mm am 27i up mp up up up 2K am np UP ap mp FULLY CONTAINERISED TRANS-PACIFIC WEEKLY SERVICE m mm up mp mp mm um ap mm up up SM
      746 words
    • 501 36 M JE CONTAINER LINE TEL: *****59 FAX *****63 GUARANTEE LCL CONSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST m, CHINA KAOHSIUNC KEELUNC SRI LANKA/ INDIA m H 1 CALCUTTA CNITTAfiONC EUROPE/ UK REE bnEff SOUTHAMPTON TILBURY LONDON mi b t SWISS SHIPPING PTE LTD at TOok Road fK4ff. TMok Wlif
      501 words
    • 577 36 r«r MUsciOSK Lines Ltd FULL CONTAINER UK/CONTINENT (TRIO) NtIDCLSCK EXP ■MTt MSA lira *«m i I issrrsrassa to (N UK MMwt. MUM mi I MEDITERRANEAN (MED CLUB) JEDDAH StCMCMO P. Mm rahM ChWh Em Trtato MM M U Jfl NCNXLHM tXI JM in 4/1 Vt WMIOON BAT 4 S MIDDLE
      577 words