The Business Times, 16 August 1989

Microfilm: NL16694
Total Pages: 34
1 34 The Business Times
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  • Title Section
    Masthead
    11 1 BUSINESS TIMES MCI (P) 45/12/88 WEDNESDAY, AUGUST 16, 1989 75 CENTS
    11 words
  • Article
    FINANCIAL NEWS SUMMARY
    235 1 Dow Jones up THE NEW YOflK stock market opened higher yesterday behind a firming bond market. The Dow Jones average of 30 industrials was up 11.19 points at 2,689.11 after one hour of trading at 1430 GMT. AP Footsie up LONDON share prices were narrowly mixed in
    235 words
  • Article, Illustration
    Asian stocks generally lower
    238 1 SHARE PRICES in major regional markets generally cloeed lower yesterday on profit-taking, while the Nikkei Index ended marginally higher. Share prices in Singapore cloeed lower across the board in active trade, as cautious investors moved in to take profits after recent run-upe, brokers said. The Straits
    238 words
  • Article
    Lock icon 'US housing starts steady'
    93 1 Reuter JULY US HOUSING starts data today will show little change from the first-half 1960 average, suggesting a steady economy and no added incentive for Federal Reserve policy easing, economists said. In the first half, annualised starts averaged 1.43 million units. The average forecast of economists
    Reuter  -  93 words
  • Article
    Lock icon Keating vows to stave off recession with record A$9b budget surplus
    543 1 Reuter TREASURER Paul Keating yesterday vowed to stave off recession in Australia with a record budget surplus of A 50.12 billion (US$6 8 billion) in the 1989-90 financial year. "It is an honest budget," Mr Keating told Parliament, stressing
    Reuter  -  543 words
  • Article
    Singland plunges into Thailand's tourism market with a bang
    479 1  -  By LEE HAN SHIH MOVING with surprising speed. Singapore Land has leapfrogged over its local competitors to plunge Into the booming Thailand tourism market While others are buying into one hotel at a time. Singland has secured an option to buy
    479 words
  • Article, Illustration
    Fears of influx of people from HK seem unfounded
    614 1  -  ONLY 4,000 APPLICANTS SINCE EASING OF IMMIGRATION RULES By FOO CHOY PENG FEARS that Singapore would ba swamped with Hongkongers ara probably unfounded, if tha numbar of actual applications put in for parmanant residanca so far is any indication. Although about
    614 words
  • Article
    Lock icon Moscow warns against setting up US military facilities in Singapore
    489 1 Agenciee THE SOVIET UNION has warned i the OS against setting up military < facilities in Singapore, saying It i would destabilise the situation in < South-east Asia. I Soviet Foreign Miniatry spokesman Yuri Giemitskikh told a Moscow news conference
    Agenciee  -  489 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      135 1 brother Laser Printers Electronics Typewriters^^^ Word Processors Dot Matrix Printers Facsimiles FuM raport, PAOe 1« IHnlonrt martots, PAGE 1« World mart**, PAGE 19 IBS Share Margin Fronting Scheme The hey to increasing your investment potential. Increase your investing power with IBS. High Margin Financing. For every dollar's worth of collateral
      135 words
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      Page 1 Advertisements Column 2
      185 1 Editorial Comment ....................10 New lease for home ownership Financial centres 10 S'pore's bid to be Tokyo's shadow city European firms 11 Tapping the US market via Canada IPOs Purchases more than doubled Japanese travellers ..............—.4 Helping to cut trade surplus UOB's Indon venture 7 Financed with part of rights proceeds
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      Page 1 Advertisements Column 3
      9 1 Jakarta rates out automatic nationality for HK BACK PAGE
      9 words
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      Page 1 Advertisements Column 4
      138 1 mita NEW AGE COPERS Convenient, reliable feature-pacHed Sots Agent WEI TAH CO PTE LTD TEL 746 1051 Here's I~Lw \^Geet^£uIn I nm a- Tjjk v A From now till August 31, 1989, you can wake up to an International Buffet Breakfast at Harbour View Dai-Ichi Hotel. This sumptuous offer, together
      138 words
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  • HOME NEWS
    • Article
      IPOs bought more than $3 billion worth last year
      410 2  -  By SANGEETA MULCHAND PURCHASES by electronic International procurement offices (IPOs) in Singapore mors than doubted to croes the $3 billion mark last ysar, according to the Ttade Development Board. In a recent survey conducted by toe board. 96 o< toe 56
      410 words
    • Article
      Wearnes to get another factory site in Malaysia
      301 2 RESPONSE to Wearnes Technology's Boldline personal computers hes been so encouraging that Wearnee is in the process of acquiring yet another factory site, this time in Tampoi, Johor, to keep up with demand. "We have the capacity to produce 200,000 units a
      301 words
    • Article, Illustration
      Lock icon 'Competitive edge of Singapore, Malaysia raised'
      447 2  -  B* SAID ABOULLAH TAIWAN may have the biggest reaervea among the newly industrialising countriee but it is Singapore and Malaysia that have increased their competitive edge in the past five years, says The Economist Using real effective exchange ratee aa a measure of competittveneee,
      Source: Morgan Guaranty  -  447 words
    • Article
      Govt urged to help private property owners in refurbishing
      388 2  -  By JOHN TAN THE GOVERNMENT should provide financial aid to private property owners who fsce problems in obtaining bank loans for refurbishing their buildings. Lau Lai Chan, a lecturer from the National University of Singapore's School of Building Estate Management, urged
      388 words
    • Article
      PUB lowers deposits for Giro users
      302 2 THE Public Utilities Board is offering a $10 million Incentive to encourage more domestic users to settle their bills by Giro. This follows PUB's decision to reduce the deposits of domestic users who pay by Giro, from the present Ift times their average monthly
      302 words
    • Article
      S'pore economy still highly regulated: risk consultants
      455 2  -  ■y BOEY KIT YIN GOVERNMENT intervention in Singapore's economy remains high because of the slow progress of privatisation, which results in a regulated economy, according to a Hongkong-based risk consultancy firm. In assessing risk rating, Political Economic Risk Consultancy Ltd therefore increaaed by
      455 words
    • Article, Illustration
      PEOPLE IN BUSINESS
      217 2 Ksnssllis-Osake-Pankki has promoted the following officers in its banking and capital markets deportment MAI SONQ HUAT end NOW SEEN TIAT have been promoted to assistant managers of credit, while MICHAEL KONG has boon appointed assistant manager, trade finance. MENE TAN has been mede chief dealer in the
      217 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      539 2 Coming your way r^Pl THE OFFICE OF THE FUTURE at OFFICE AUTOMATION '89/, 17 November 1989, Raffles Ballroom, City Convention Centre, Singapore Discover a whole new world you \Wk can work-in \}p The Office of the Future is office truly automj l here —at OA *89 where you will be
      539 words
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      Page 2 Advertisements Column 2
      60 2 WORLDWIDE EXPRESS Prompt pick-up and delivery 24 hours a day SIIA«G K I L A INTKKNATIONAL INPE N A N G WIIKRK KI.SK BUT TUB The Finest Business Hotel In Penang. 0 Shangri-La hotel j MAGAZINE ROAD. WW PENANC. MALAYSIA TBI: «M> U1 U2 tIX <■» SHNOK MA FA**M U>
      60 words
  • Page 2 Miscellaneous
    • Miscellaneous
      Page 2 Miscellaneous Column 1
      89 2 Aug 14 OUTLOOK: CO 23/15 dowdy 22/34 Ooor 13/06 Rota 40/31 Ooor 32/24 dowdy 31/25 Ooor 31/22 Ooor Mrt far 34 Iwn p*m 7Jopm on 13 «t Madrid 34/1 Mo*o 32/23 Miafco Ory 23/13 Miami 31/24 Munnool 24/11 Moacow 25/14 Nomou 32/24 Now DoM 33/20 Now York 20/21 Meodo 30/22
      89 words
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  • FOREIGN NEWS
    • Article
      Lock icon Canadian government faces revolt over sales tax
      289 3 Reuter THE CONSERVATIVE government has launched a campaign to sell a proposed 9 per cent value-added tax, but Canadian consumers, politicians and business leaders are crying revolt against a levy that would hit everything from cribs to coffins. The Canadian government is particularly
      Reuter  -  289 words
    • Article
      Lock icon M'sia to study action plan for technology
      296 3 Bernama THE MALAYSIAN government is conducting a Msl.s million study to formulate a comprehensive plan of action for industrial technology development, said Science, Technology and Environment Minister Datuk Amar Stephen Yong yesterday. The plan emphasised concrete and practical measures to upgrade and make
      Bernama  -  296 words
    • Article
      Lock icon Roh urges Pyongyang to discuss speedy unification
      293 3 AP PRESIDENT Roh Tae-Woo says unification of the Korean peninsula "cannot be put off any longer" and has called on North Korea to cease trying to overthrow and communis© the South. Mr Roh's comments yesterday came as authorities deployed thousands of police to
      AP  -  293 words
    • Article
      Lock icon Soaring deficits put Greece's new government in a tight spot
      307 3 AFP GREECE'S new conservative government must get to grips with a rampant public sector debt and balance of payments deficit that analysts yesterday said were getting close to crisis proportions. A Bank of Greece report has said the budget deficit
      AFP  -  307 words
    • Article
      Lock icon US business inventories up 0.4pc as sales drop in June
      197 3 AFP US BUSINESS inventories rose 0.4 per cent in June while sales dropped 0.3 per cent, the US Commerce Department reported on Monday. Inventories had risen 0.9 per cent in May and 0.8 per cent in April, the department said.
      AFP  -  197 words
    • Article, Illustration
      Lock icon White House softens sting of Darman's attack on Fed
      385 3 AP PRESIDENT George Bush's spokesman on Monday praised the US Federal Reserve s "good job" on the national economy, seeking to soften the sting from an attack on the central bank's policy by Mr Bush's budget director. White House press secretary
      AP  -  385 words
    • Article
      Lock icon Bush signs US$900m farm-disaster relief bill
      320 3 AP PRESIDENT George Bush, saying "farmers have indeed suffered," on Monday signed legislation providing nearly US$9OO million in disaster relief for farms where crope were battered this year by rain, drought and other foul weather. In remarks at a signing ceremony, Mr Bush said
      AP  -  320 words
    • Article, Illustration
      Lock icon Japanese travellers help to cut payments surplus
      374 4 Asahi JAPANESE spent nearly US$9 billion more while travelling abroad than foreigners spent on visits to Japan in the first six months of this year, helping to reduce Japan's huge surplus in its international balance of payments, according to the Japanese government. The
      Asahi  -  374 words
    • Article
      Lock icon Polish PM ready to give up attempt to form government
      436 4 AP POLAND'S political crisis entered a new phase when Prime Minister Czeslaw Kiszczak announced he is ready to give up his bid to form a government, and pass the task to Peasant Party leader Roman Malinowski. The announcement came on
      AP  -  436 words
    • Article
      Lock icon HK's industrial climate improves
      136 4 Reuter HONGKONG'S industrial business climate improved in the second quarter compared with the first quarter, but hotel activity slowed, a quarterly survey by the colony's Census and Statistics Department showed. The Census and Statistics Department said the first quarter is typically slow for Hongkong manufacturers, the
      Reuter  -  136 words
    • Article
      Lock icon High interest rates cool British consumer shopping spree
      264 4 Reuter BRITISH retail tales fall again in Juty in an apparent sign that high interact rataa ware halting a con-sumer-led inflationary boom. Figures from the Central Statistical Office (CSO) in London on Monday showed sales declined 0.6 par cent following a 2.3-per-cent
      Reuter  -  264 words
    • Article
      Lock icon UK fax directory fraudsters investigated
      285 4 FT AT LEAST five international fax directory frauds are believed to be operating in Britain this summer as fraudsters take advantage of senior managers' holidays. They hope inexperienced junior staff will aign or pay spurious invoices posted from the European mainland for proposed entries in
      FT  -  285 words
    • Article
      Lock icon French current account deficit widens to US$76.4m
      136 4 AFP THE French balance of payments showed a current account deficit of 500 million francs (U5576.4 million) in June, according to seasonally adjusted figures released on Monday by the Finance Ministry. In May the seasonallyadjusted deficit was 400 million franca (USSBI.I million). The
      AFP  -  136 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      201 3 Improve Your Communication Skills! Effective communication is the key to business success. Let our specialists in the Business Communication Unit give you that competitive edge! Confidence in Speaking A course on correct pronunciation to help you speak urith confidence and poise. Neur Co Dates: 4 5 September 1989 (9am-6pm) Course
      201 words
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      Page 3 Advertisements Column 2
      255 3 AT LAST, FINANCIAL INFORMATION WHERE AND WHEN YOU WANT IT. d li M S~H\ ?1 D* 444 15 1» <M 4*' K I 4/4 :f ii 418 j»?» r .'jfli imt T0» if.l «oeiw ea» :o» 3«! nITSUtfSN! i»h i s nirvm.lt f rsn times can have immediate effects on
      255 words
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  • Article
    DAILY AIRCRAFT MOVEMENTS
    972 4 ARRIVALS Operator S«rvtc» Local From numbtf tfm* SU SQ602 0420 AKL/SYD SiA SQ40I 0S5S CM6 StA SQ491 0740 IWN SU SQ031 0755 COG/ROM MAS MH640 0620 KUL m 30ASI/C 0630 HGN SWAB KAl KE624 0640 KUL MAS MH653 0910 MAS MH630 0920 KUL StA SQ103 0950 KUL
    972 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      397 4 rrtroducing the Alpine 5952 CD Shuttle. It totally eliminates the need to handte any doc in your car. Interface the 7390 with the 5952 CD Shuttle for a compter* cor oudn system that combines the best of analog and digital technology Easy to install the compact 7390 f comes complete
      397 words
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      Page 4 Advertisements Column 2
      152 4 The butineM person's choice every Tuesday, Thursday, Saturday and Sunday. La* in* Chanji Airport at 22:05 hours and imvinj at Lester E. Peanon International Airport the foiloving day. Catf your Tnvd Agenc or Air Canada af 7i2t555. A BREATH OF FRESH AIR THE PRIDE OF RIVER PALACE V Here at
      152 words
  • Page 4 Miscellaneous
    • Miscellaneous
      Page 4 Miscellaneous Column 1
      100 4 Doonesbury wtfs itukb to Be a fix ON THE MLL,OR, IN MY CASE, A REPORTER IN THE COCKTAILi SAUCE, AT A &/RJHPW MFTV < FOR AH ACTUAL AIPSSUFfER& LET'S USTEN UVB! V so (HELL, WATS W&RE STILL happening veo up in ATTHEHRM* THAT AdCO U7I6ATION. I'VEBE&i TAKING DEPOSITIONS ALL MONTH...
      100 words
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  • COMMODITIES
    • Article
      KL Tin
      157 5 INCREASED disposal saw the Iha Kuala Lumpur Tin Martial (KLTM) waafcan 59 aan to M 523.05 a kg yaalarday, brokars said. AAlaaAapw n n miners ■r® Mviiny Ofl weaker London Malal Exchange (LME) prices, with aarty offars of 10S tonnaa agalnat bkto of 30. Tha KLTM's dlffsrsnHal to
      157 words
    • Article
      Lock icon Soybean
      200 5 Reuter CBOT SOYBEAN futures closed 21-1/2 to 3-1/2 cents per bushel lower in light trade on Monday, under pressure from the unexpected rains seen across the Midwest over the weekend, traders said. November fell to within three cents of the U557.62 contract low when soybean oil made new lows
      Reuter  -  200 words
    • Article
      Lock icon Wheat
      196 5 Reuter CBOT SOFT red winter wheat futures recovered on steady professional house short-covering to finish quietly mixed on Monday, ranging from down one cent per bushel in December to up one in new crop July. September settled at U553.97, near the top of a 5-1/4 cent range. However, many
      Reuter  -  196 words
    • Article
      Produce Prices
      196 5 Chinese Produce Exchange Skiers' noon closing prices on August 15 (Ss/100 kg) Coconut oil Bulk FOB 93.00 Old drum FOB 103.00 Now drum FOB 107.00 Copra Mixed (loose) 50.00 sellers Pepper ii-mt-nj. frVUnTO* WrMTB FOB NLW 497.50 Sarawak white FOB faq NLW 487.50 Sarawok special blade FOB NLW
      196 words
    • Article
      SSR and SMR
      86 5 (carm/kg) SEPTEMBER 1989 0CT06ER 1989 (currant mortti) (forwor d mootti) RAS NOON NOON luyart Ivyot Saltan SS« 20 1 49 00 151.00N 150 00 152.00M sst so 147.00 149.00N 14A.00 150.00N MRELB Ivyar* Saltan kiywt SaNart SMR CV 217J0 219 JON 219 50 221 JON SMR I
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    • Article
      RAS and MRELB
      304 5 RAS pfiCOS In 8 cwMkg, FOB In bntoi B NOON CLOSE Buyers Sellers Buyers Sellers kit 1 RSS Prompt 166.50 167 JON 167.00 168.00N bit 1 RSS Sep 166.50 167 JO 167.00 168.00 bit 1 RSS Oct 169.00 170.00 169 JO 170 JO bit 2 RSS OP
      304 words
    • Article
      London Markets
      271 5 London Doc 290.60/295.00 Commodity High/Low Solos (5483) Exchange Row No 6 OF 356.30 Buyer/Seller dosing prices No 6 FOB 324.30 on Aug 14 (£/tonne unless WhKo 502 specified). Previous dosing No 5 prices in parenthesis. Oils (US$/tonn«) Coffee Poimoil M'skm/Sumotro crvdo Basis In-storo London, soitars OF UK/Rottordom 297J/295
      271 words
    • Article
      Precious Metals
      307 5 HONGKONG: Qold closed slightly eaaier in thin, moderate trading yesterday, dealers said. "Investors expect nar-row-range trading." a dealer said, adding that the marfcet waa cloeety watching the US dollar for duee to gold's next direction. Demand from US traders and short-covering by local investors offset early Australian selling.
      307 words
    • Article
      Rubber
      242 5 SMGAPORE: Rubber prices closed little changed yesterday, with September 1 RSS buyer quoted at 167.00 cents s kg, down 0.50 cent from Monday's close. Dealers said the market remained quiet in thin afternoon trade as prices fluctuated within narrow ranges. Traders kept on the sidelines awaiting fresh leads. On
      242 words
    • Article
      Palm Oil
      552 5 MALAYSIAN CRUOE PALM Oft. FUTURES moved erratically yesterday before ctoeing marginally lower on late selling, despite talk that Pakistan would tender for first half September shipment of RBD palm oil today, dealers said. Prices had initially weakened in sympathy with sharp losses in Chicago soyoil futures overnight but
      552 words
    • Article
      Lock icon Crude Oil and Products
      134 5 Telerate Activity for fuel oil remained thin in the Singapore market where sell indications for CSTIBO were notionally at $90-1 MT FOB/COF Sing. Sentiment was mixed as players were uncertain about the market direction. Best bids into a Taiwan sales tender was reportedly in the high
      Telerate  -  134 words
    • Article
      Lock icon London silver fix under fire
      252 5 Reuter LONDON'S closed-door was of fixing silver bullic#) prices, little changed for almost a century, ia under fire from aome dealets seeking to priae it open. In contrast to the better known gold fixing, the ailver fix held at 12.15 Lowdon time each buaineaa day
      Reuter  -  252 words
  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      64 5 My [fFAS r IP.R\CARI'KrS] $p«baiui( in Pme Handknoatd Carpets sw^sft* Wednesday. August 16.1988 Grand Ballroom Hilton International Singapore Viewing cocktails: 4pm 7pm Auction Sate: 7pm 830pm Auctioneers: Cheong Koon Seng (CKS) Auctioneers Valuers Pte Ltd m i .W *-1 •Ve •v < V X. V'V; V v -"S V*- ,f.£cr
      64 words
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      Page 5 Advertisements Column 2
      248 5 A LACOSTE SHIRT IS WASHED AT 40° C. BUT WE COULDN'T RESIST TESTING IT UP TO 90°. Because you care about the colour of your Lacoste shirt, there are a few things you should know. All our dyes are strictly tested for their overall quality and resistance to acid perspiration.
      248 words
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  • MONEY AND EXCHANGES
    • Article
      Forex markets
      1305 6 SINGAPORE: After a choppy session, the US dollar closed lower against most currencies in active afternoon selling yesterday. It was initially supported in early dealings by firmer US interest rates but prof-it-taking and Bank of Japan's intermittent intervention limited its rise. Range yesterday: DM 1.9380/1.9505, Stg 1.5780/1.5855, Yen
      1,305 words
    • Article
      Government Securities Market
      104 6 Treasury bills Period issue Yesterday's closing Day's code Maturity BID OFFER HIGH LOW 3 months BQ*****T 9.11.89 3.83 3.78 3.85 3.85 6 months BS*****V 18.01.90 3.85 3.80 3.88 3.82 1 year BY*****F 24.05.90 4.10 4.05 4.08 4.08 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing
      104 words
    • Article, Illustration
      World interest rates
      187 6 Mm prima linJh|ri£ai 12 major banks In S'por* Interbank market rates (offer/bid) on Aug 15 us$ DM SWFC Yen 7 doyi 9 3/14 1/14 13 3/4 5/8 7 4 7/8 7 1/1- 1/4 5 3/8 5 1/4 1 3/14 1/1* 13 13/14— 11/14 7 1/14 4 15/14
      187 words
    • Article
      Lock icon Asian dollar market
      279 6 Reuter ASIAN DOLLAR deposit rates ended higher after a day of thin trade, dealers said. The rates firmed on several factors. Including a sharp fall in US bond prices, a steady Fed funds rate and a feeling in the market that the Federal Reserve will not ease
      Reuter  -  279 words
    • Article
      Lock icon IMM
      288 6 Reuter IMM CURRENCY futures erased gains to close mostly lower and near the day's lows following a thin, choppy session on Monday. Dealers liquidated long positions near session end, dragging currencies down, traders said. Futures had tossed restlessly up and down much of the session, lodged within ranges. Traders
      Reuter  -  288 words
    • Article
      Money markets
      57 6 THE overnight rate on the Singapore money market closed 1/8 point lower at 5 1/16 per cent yesterday. Term rates were unchanged. S$ Interbank rates at the dose yesterday: OFFW MO Onrnight S 1/14 4 13/16 1-month 5 3/16 S 1/16 2hmm* 5 3/16 5 1/16 3-meMti 3
      57 words
    • Article
      Options
      1275 6 CURRENCY FUTURES OPTIONS Tuesday, August 15, 1989 DCUTSCHEMARK (SIMEX) mam M •••MP** HWt LM M 52 33 34 JAPAN! ESE YEN (SMEX) ••PMC** M puis 96 163 245 ••a 73 73 BMTW IMM Monday, August 14, 1989 H ROUND £25,000; cmMb par t 253 433 1323 3.14 576 0.90
      1,275 words
    • Article
      Comex gold/silver futures
      166 6 Gold futures on August 14, 1989 8 I ounces USS par troy ounce Op*" HI* Lot 8«W« *«g 365.00 367.80 364.70 367.10 1.90 S*P 363 80 363J0 363 80 367JO 1.70 Oct 367 00 370.30 369.40 170 Ok 37a 40 374.00 370.40 373.20 1.80 Nb 90 375.20
      166 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      113 6 < k <311 -.Wk mifflfll «rv i- i mm: in. r- W*§ .1. I > ->, .v I< >v„ A Landmark Function at Singapore's Newest Hotel Whether a function for 10 or 500 people, we have the facilities and trained personnel to handle your requirements ranging from lavish dinners to
      113 words
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      Page 6 Advertisements Column 2
      106 6 AVANT-GARDE X Training Associates /Er~/ 111 North Bridge Road #07-26 Peninsula Plaza —y/ Singapore 0617. Tel: 338 7033 ■<' :'l 3& •y < ~S a ffii.'.'Ll 1 > > f X presents i IN SALES lIARKHIMQEi! j fl4 15|§9M &«ic«Hotel H| COURSE OBJECTIVES At the end of the Seminar, you
      106 words
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  • BANKING AND FINANCE
    • Article
      Lock icon Bank pleads guilty to money laundering
      139 7 AFP A PANAMANIAN BANK pleaded guilty on Monday to money laundering and paid a fine of US$5 million representing drug profits it had illegally transferred abroad in the first such case involving a foreign bank, the US Justice Department said. "This international cooperation in
      AFP  -  139 words
    • Article
      Lock icon Simex
      522 7 Reuter SEPTEMBER EURODOLLAR futures closed mostly higher yesterday on commercial buying and shortcovering after early softness, dealers said. Trading was active but largely technical, with the market awaiting this week's release of some US economic figures for further clues to the health of the economy. September Eurodollar eased to
      Reuter  -  522 words
    • Article
      Lock icon Malaysia's new financial laws worry foreign banks
      472 7 Reuter FOREIGN BANKS in Malaysia are increasingly concerned about new financial laws which require them to incorporate locally in five years. Foreign bankers fear they will be forced to restructure their capital and accept local equity in their operations following major financial reforms
      Reuter  -  472 words
    • Article, Illustration
      Lock icon Stanchart likely to see a loss in first half
      394 7 Reuter BRITISH-based international bank Standard Chartered pic will announce a first half pre-tax loss if, as seems likely, it follows other British banks in making a large provision for developing country debt, most analysts say. Forecasts for tomorrow's results range between
      Reuter  -  394 words
    • Article, Illustration
      UOB 'to finance Indon venture with pail of rights proceeds'
      456 7 FUNDS NOT INTENDED FOR UOB PLAZA CONSTRUCTION: BANKERS UNITED Overseas Bank (UOB) will use part of the proceeds from its $166-million rights issue of loan stock with warrants to finance its joint venture banking operation in Indonesia, bankers said. These
      456 words
    • Article
      Tat Lee Bank cuts deposit rates
      197 7 TAT LEE BANK yesterday became the second local bank to announce lower deposit rates in the past two weeks. From today, its deposit rates will be reduced by a quarter of one point for all maturities except for the one- and two-month periods which
      197 words
    • Article
      POSB places order for 50 more new-generation ATMs
      209 7  -  By DEXTER LEE THE POST Office Savings Bank (POSB) has ordered an additional SO new-generation automated teller machines from IBM (International Business Machines). With this fresh order, POSB will increase its existing network of 362 ATMs, installed at 296 locations, to 412
      209 words
    • Article
      Lock icon Bankers unhappy over Turkey's new forex rules
      183 7 Reuter TURKEY has introduced new exchange regulations as a final step towards lira convertibility but bankers unhappy at the timing of this move say it could lead to a run on hard currency stocks. The lira is overvalued against the US dollar, given
      Reuter  -  183 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      166 7 WESTINGHOUSE COMPLETE ANDAN-TIME. There are no excuses in the real world. Either the order arrives complete, when and where it's supposed to, or it doesnt. The toy to being successful isn't necessarily how quickly you respond to problems, but how well you plan to avoid them. The Westinghouse customer assurance
      166 words
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      Page 7 Advertisements Column 2
      219 7 MEAN A LOT- AT SHERAT ON LITTLE THINGS MEAN A lOT •AT SHERATON 11T TIE THINGS MEAN A tOT •AT Meet us Before m ;,r 1 Meet For Business mm We have recently renovated our conference venues, giving you a choice of 4 different conference areas. These can seat a
      219 words
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  • FOCUS
    • Article, Illustration
      Lock icon Socialist inertia stifling perestroika
      1213 8 The Soviet Union's move towards a more marketoriented economy has been heralded, but what is not always known are the obstacles imbedded deeply in the old system. How does President Gorbachev hope to overcome such problems? Meanwhile, moves towards openness in the Socialist bloc have created
      NYT  -  1,213 words
    • Article, Illustration
      Lock icon East Germans looking for one-way ticket
      787 8  -  By HAIG SIMONIAN FT OUTSIDE THE CAPITOL CINEMA, the stragglers are leaving the last performance of Dirty Dancing, already into its sixth week. Just down the road, some teenagers are lounging around the door of the Tanzbar dance hall, with three bored-looking policemen watching
      FT  -  787 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      58 8 Today's Business Observation: Now pleasure is only 5 minutes away from business. ■y -y THE Hyatt T&JCH HYAHOtKINABALU INTERNATIONAL Hyan Kinabalu International Jalan Daiuk Salleh Sulong Kola Kinabalu Sahah Malaysia Telex ***** HYATKK I'd: 08H-*****4 l ax OXX-*****2 For reservations at over 150 Hvatt Hotels and Resorts worldwide. call vour
      58 words
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      Page 8 Advertisements Column 2
      132 8 Simply Beautiful... is r P r .jc *5 C y V- 7/ m r, Discover beautifully crafted jewellery, cut to perfection by Europe's finest craftsmen A wide selection of exquisite diamonds, rubies, emeralds, sapphires, jade and pearls in classic, modern and contemporary designs. Only at Peter Lai Jewellery, where the
      132 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      422 9 |r L, Ml '-trv birr S^^SiK In conjunction with National Day Colebrations 9 NEC makes a call for a good cause 4 o During this time of National Day celebrations, NEC calls on all Singaporeans to remember those less fortunate and invites one and all to answer a call for
      422 words
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  • PERSPECTIVE
    • Article
      New lease for home ownership
      535 10 BUSINESS TIMES WEDNESDAY, AUGUST 16, 1989 HOME OWNERSHIP in Singapore has bean given another boost with the easing of restrictions on public housing by the Ministry of National Development This latest move should really be seen as yet another healthy step backwards by the government,
      535 words
    • Article, Illustration
      Singapore's bid to be Tokyo's shadow city
      1349 10  -  Singapore's state-of-the-art telecommunications system is helping the Republic's financial market lay claim on the 1 lucrative privilege of becoming the undisputed shadow of Tokyo's financial centre. To achieve that, Singapore Telecom will have to work hard to maintain its competitive edge in both
      1,349 words
    • Article, Illustration
      Lock icon Japanese steel makers criticise US
      766 11 REACTION TO AMERICA'S DEMAND Asahi JAPANESE government and industry officials are reacting strongly to the recent US demand for greater access to the Japanese steel market, saying there are no discriminatory practices aimed at US steel products. The reaction was triggered by last week's demand
      Asahi  -  766 words
    • Article, Illustration
      Lock icon Kim Dae-Jung facing biggest crisis
      678 11 Reuter ALLEGATIONS that Kim Dae-Jung was involved with a communist spy have faced the veteran democracy campaigner with his biggest crisis since rejoining South Korea s political mainstream in 1987 after years of detention. Mr Kim, who has gone in two years from reviled dissident
      Reuter  -  678 words
    • Article, Illustration
      European firms moving to Canada to tap US market
      889 11  -  By PAUL GOPALa WHILE much of the world is concerned about trade and business after an integrated Europe comes into being after 1902 and the potential opportunities of the Asia-Pacific Basin, major European players are taking stakes in North America, many
      889 words
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      621 10 There's an easy way to mix business with pleasure Subscribe to Business Times Ess*-' u.. M" flow would you like to keep abreast of the latest business developments and at the same time enjoy a few rounds of golf? lust subscribe to Business Times anytime between August 15 and November
      621 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      32 10 FtanklicfcenC Tms cfnRD fron «tkims OF RCCOOWTS MR <S R RBTMGR ReXX»LIR(? P££L/ ROOUT IT C.W SoroS IT R*JD NR tr" u* Li' ftecycuED F <?om RK, old chests-perrv Mouse jouSnrl 1
      32 words
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      187 11 Electronic Security Systems Secure in the knowledge it's a Chubb Behind the world famous name of Chubb is a depth of knowledge Usai i u at 170 years. Knowledge AJ/ and experience that has established ~g r position as masters of their trade. J I A reputation such as [055ii™™Ts
      187 words
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      Page 11 Advertisements Column 2
      129 11 f W»» SHELL TAKE CARE OF VOURJtEEDSi New 24 Hour Loan and Information Service and Approval' Call Hong Leong Finance: *****44 Singapore Financo: *****44 J MmJM 1 aHK m': f »> iV s NIGHT New 24 Hour A Loan and Information Service and Call Hong Leong Finance: *****44^89 Singapore Finance
      129 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Bringing people of two nations closer
      586 12  -  VIDEO By RAJENDRA BAJPAI Reuter IT IS a relaxed Sunday and a middle class family in south Delhi watches She best entertainment available in •town a video recording of a Paki- stani television serial. In the Pakistani capital of Islamabad, a similar Pakistani family
      Reuter  -  586 words
    • Article, Illustration
      Lock icon Lancaster: an extraordinary survivor
      1130 13  -  PERSONALITIES By THOMAS QUINN CURTISS IHT BURT LANCASTER has had his name above the title of many movies since the late *****, and it renrains a magnet. At 75, Lancaster is an extraordinary survivor and he is still in constant demand. He is in Paris to
      IHT  -  1,130 words
    • Article
      Lock icon Swimsuits steal the show
      629 13  -  FASHION By BERNADINE MORRIS NYT SWIMSUITS turned out to be the stars of the showings of resort fashions. The swimsuit specialists, including Gottex of Israel, which supplies stores like Saks Fifth Avenue, and Cole of California, which has been in the swimsuit business since 1925, presented
      NYT  -  629 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      861 12 Where to entertain... Where to entertain... Where to entertain... where to 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 Taiwan Fbrridge for
      861 words
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      Page 12 Advertisements Column 2
      217 12 AN EXHILARATING ALPINE EXPERIENCE AWAITS x .t- '4Z r > ~,-Y > It's the largest Swiss buflfet in town—a month-long feast of over 69 Swiss favourites, from appetizers to desserts. Savour to your heart's content, Bucndner Platte (Air Dried Beef and Ham), farm fresh cheeses and breads, Fondue Neuchateloise, Rackttc
      217 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      163 13 entertain,. Vnkai is a traditional Japanese restaurant offering such superb delicacies as sushi, sasbimi and teppanyaki For private parties there are four tatanu rooms available. Lunch: 12pm to 3pm. Dinner. 630pm to 11pm. (imkui ll* MIT tilCentury Park Sheraton Singapore iftNovHi S»v*ot '025 752 »222 PRICES SUBJECT TO 10H SERVICE
      163 words
  • Page 13 Miscellaneous
    • Miscellaneous
      Page 13 Miscellaneous Column 1
      654 13 (MDSSmitD CRYPTIC PUZZLE ACROSS 1 Where it's just plain rainy? (5) 6 Not even a bit silly, strangely enough? (5) 9 My holding a bloomer to be sheer geniusl (7) 10 Took a rest from sorting pelts (5) 11 Game, set and match (5) 12 Is paddling it a piece
      654 words
    • Miscellaneous
      Page 13 Miscellaneous Column 2
      1305 13 TV and RADIO Holmes hounded i 2- Jf V it; 77m Hound of the OUR CHOICE THE HOUND OF THE BASKERVILLES, 10.30pm, SBC 12 SBC 12's Jeremy Brett festival continues with the tale of the large and demonic hound of the Baakervilles. Roaming the moors of Dartmoor, it exerts a
      1,305 words
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  • SPORTS
    • Article
      Sweet revenge for India's Ali
      485 14  -  TENNIS By A SURENDREN INDIA'S Zeeshan AH finally savoured his revenge over South Korea's Kim Bong Soo in yesterday's continuation of the first round of the Honda-Kah Singapore Men's Open Championship held at the Singapore Island Country Club's Bukit location. But top seed Paul Haarhuis
      485 words
    • Article, Illustration
      Lock icon Chang scores easy victory
      388 14 AP FOURTH-SEEDED Michael Chang breezed into the second round of the ATP Championship in Ohio on Monday, but five other seeded players were upset on the opening day of the tournament. Chang, the reigning French Open champion, needed only 57 minutes to dispatch South Africa's Neil
      AP  -  388 words
    • Article, Illustration
      Lock icon McLaren's not invincible
      342 14 MOTOR-RACING Reuter NIGEL MANSELL's outstanding victory in Sunday's Hungarian Grand Prix has thrown the world drivers' championship open once again and finally buried the myth of McLaren's invincibility over its Formula One rivals. The Briton, who charged through from 12th on the grid to take the chequered
      Reuter  -  342 words
    • Article
      Lock icon Dedicated to Ferrari
      139 14 Reuter ITALY paid tribute to legendary carmaker Enzo Ferrari on the first anniversary of his death on Monday, a day after the motor racing team he founded won a thrilling victory in the Hungarian Grand Prix. Relatives and friends, including Formula One team manager Cesare Fiorio, attended
      Reuter  -  139 words
    • Article
      Lock icon Graf wastes no time overpowering Kessaris
      371 14 AP TOP-SEEDED Steffi Graf needed only 32 minutes to ruin the pro debut of Kim Keesaris and post a 6-0, 6-0 victory in the opening round of the United Jersey Bank Classic on Monday night. Kessaris, 16. was not scheduled to play in the
      AP  -  371 words
    • Article
      Lock icon Ovett names Norman
      332 14 ATHLETICS AFP STEVE OVETT claimed on Monday that top British athletics official Andy Norman was the man who offered him cash to run against Sebastian Coe. Ovett, who tearfully accused athletics bosses of lying and double-dealing over payments following his 1.500-metre clash with Coe in Birmingham, was
      AFP  -  332 words
    • Article
      Lock icon Gower to lead England
      299 14 CRICKET AFP DAVID GOWER will lead England into tomorrow's final Cornhill Test against Australia at The Oval, despite seeing his team humiliated inside four days. But the 32-year-old Leicestershire player refused to speculate about his long-term future as captain, and the winter tour of the West
      AFP  -  299 words
    • Article, Illustration
      Lock icon Floyd wants experienced players for Ryder Cup
      405 14 GOLF AP PAYNE STEWART was not the only beneficiary of Mike Reid's misfortunes at the PGA Championship in Illinois. Another was to be named yesterday captain Ray Floyd's second "wild card" selection for the US Ryder Cup team. Ten of the 12 places
      AP  -  405 words
    • Article
      Lock icon Close fight for places in Europe's team
      309 14 AFP THE RACE for places in Europe's Ryder Cup team has just a fortnight to run and It looks like being a photo-finish. Gordon Brand Jr has shown what is possible in the last two counting events, the PLM Open in Sweden starting
      AFP  -  309 words
    • Article
      Lock icon Nunn retains IBF middleweight title
      406 14 BOXING AP MICHAEL NUNN, mixing boxing with punching, retained the International Boxing Federation middleweight title on a 12-round majority decision over aggressive Iran Barkley on Monday at the Lawlor Events Center. Nunn, sometimes counterpunching, sometimes sticking and moving, sometimes mixing it up inside, seemed to
      AP  -  406 words
    • Article
      Lock icon Tyson offered US$100m for tour
      159 14 AP A BRITISH sports promotions firm has offered heavyweight champion Mike Tyson US$lOO million to make a year-long world tour that would include a title fight each month. Winners Worldwide Ltd, which promotes snooker and soccer as well as British rock bands, said the tour
      AP  -  159 words
    • Article, Illustration
      Lock icon An early Christmas present for Whitaker?
      298 14 AP FOR PERNELL WHITAKER. a World Boxing Council lightweight title fight on Sunday against Jose Luis Ramirez is "like an early Christmas present". In March 1988, Whitaker broke his left hand in the fourth round and eventually lost a controversial split decision to Ramirez
      AP  -  298 words
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  • COMPANIES & STOCK MARKETS
    • Article
      Eu Yan Sang proposes $8.9m loan stock with TSRs
      464 15  -  By KEVIN GWEE EU YAN SANG Holdings LTD (EYS) is making a cash call of $8.98 million to finance the proposed renovation and preservation of its major properties in Singapore. The group has proposed a renounceable one-for-one rights issue of $8.98
      464 words
    • Article
      Hotel Grand Central plans $9.7m private placement
      261 15 HOTEL GRAND CENTRAL Ltd plans to raise $9.7 million through a private placement of 5.8 million new ordinary shares to finance expansion and provide additional working capital. Chase Investment Bank (Singapore) Ltd will subscribe for or find buyers for the new $1 shares,
      261 words
    • Article
      SPTI wins $17m military garment contracts
      385 15 TEXTILE GROUP South Pacific Textile Industries Bhd (SPTI) has clinched two contracts totalling US$9 million ($17.55 million) from the US military through SPTI (Puerto Rico) Inc, which handles its Caribbean operations. The first contract, worth US$B million (5511.7 million), was secured in May this
      385 words
    • Article
      Paul Sun pays balance of purchase price for Tai-Pan
      180 15 THE SALE OF the Tai-Pan Ramada Hotel was completed yesterday when Paul Sun's Emmons Investments Pte Ltd paid the $110 million balance of the purchase price to Hotel Tai-Pan Ltd. Mr Sun, a Tokyo-based businessman, and his wife are celebrating the
      180 words
    • Article
      MBf Holdings defers proposed one-for-one rights issue
      250 15 MBf HOLDINGS Bhd has deferred its proposed one-for-one rights issue as the company's cash flow has improved. At the company's annual general meeting in Kuala Lumpur yesterday, managing director Datuk Loy Hean Heong said: "At the moment, we are not going to call
      250 words
    • Article, Illustration
      Hwa Hong arm wins $85m contracts
      420 15  -  SINGAPORE PILING SECURES TWO DEALS INVOLVING POWER STATION, CITY HALL By WILLIAM CHIA HWA HONG Corporation s whol-ly-owned construction subsidiary, Singapore Piling Civil Engineering Pte Ltd, has clinched two contracts worth more than $85 million. The first contract worth $63.82 million from the Public
      420 words
    • Article
      Amtek forms plastic manufacturing venture in M'sia
      341 15 AS PART OF its expansion programme, Sesdaq-listed Amtek Engineering Ltd is setting up a joint-venture precision engineering plastic manufacturing company in Malaysia. Through its 70 per centowned Malaysian subsidiary, Kris Components Sdn Bhd, Amtek will be teaming up with locally-incorporated Unitech Plastic Industries
      341 words
    • Article
      Keppel to convert Soviet vessel into fish factory
      264 15 KEPPEL SHIPYARD is to undertake another fish factory conversion contract worth $60 million on a vessel from the USSR. The vessel, Sovietskaya Rossiya. will be upgraded and modernised from a whale factory ship to a sophisticated and self-suffi-cient fish processing factory ship
      264 words
    • Article
      Magnum gets M$26m boost from extraordinary gain
      435 15 GAMING OPERATOR Magnum Corporation Bhd has turned in substantially higher group after-tax earnings for the first six months of the current financial year which were further boosted by a massive Ms26-million extraordinary gain. At the after-tax level, group earnings rose almost one-and-a-half times
      435 words
    • Article
      COMPANY BRIEFS
      209 15 THE KUWAIT Investment Office (KK» has sold two million shares in New Straits Times Press (M) Bhd. The shares were registered in the name of KIO's nominee company, Mayban (Nominees) Sdn Bhd. HIND HOTELS International Ltd has reported a modest profit of $224,000 (loss of $2 43 million)
      209 words
    • SES
      • Article, Illustration
        Share prices decline as investors take profits
        1072 16  -  by JOSEPHINE CHAN SHARE PRICES on the local stock market slipped yesterday due to profit-taking and the absence of positive overseas leads. "There was just no sentiment in the market," said a broker. He added: "It seems that every time the ST Index
        1,072 words
      • Article
        Unit trusts
        299 16 Monagers' prfc*» for Aug 16 Iff Royal Trust Sec Asia r Spore Gf Fund 0.865 0.91 rr Asia Pac Gf fund 1.11 1-1' t Singapore Unit Trust |U Commerce 24 Tk* Savings Fund 106 112 ¥(*>'« Prog Fund 0<7 051 Jfcore Sec Fund 0-73 078 $W» Invest fund
        299 words
      • Article
        COMPANY MEETINGS
        52 16 THE HOUR QLABS LIMITED: 10th AGM at the Mercury Room, 4th Floor, The Westin Stamford Weatin Plaza, 2 Stamford Road, Singapore 0817, on Aug 18. Friday, at 3.30pm. KAMUHTIHG CORPORATION BERHAD: EGM at Penang Room. Shangri-La Hotel. No.ll. Jalan Sultan Ismail. ***** Kuala Lumpur, on Aug 18 at
        52 words
      • Article
        SES SHARE INFORMATION
        6307 16 Si Gr's Gr't m 0 4 H ,080 Tel Last Vol Day Last Quote Dlv Dhr Vld Mot M Cap 4igh Low Codo Company Salo or- ("000) High Low Buyor Sollor C'vr PIE Smil AUG 15 SESDAQ ,66 .20 4000 Amwfc Eng 20c 162 +1 34 1*
        6,307 words
    • KLSE
      • Article, Illustration
        Lock icon Stocks yield to profit-taking
        3540 17 MBT BULLS finally showed signs of fatigue after three days of record-breaking sessions and share prices succumbed to profit-taking to close easier at the Kuala Lumpur stock market yesterday. A broker said the market had been under much pressure to correct after the recent run-up. Furthermore,
        MBT  -  3,540 words
    • REGIONAL MARKETS
      • Article, Illustration
        Lock icon Forty-four garment makers set up shop in Fiji
        252 18 AFP FORTY-FOUR foreign garment manufacturing companies have set up business in Fiji since January last year when the government introduced a tax-free zone scheme to boost the economy after two military coups in 1967. A Fiji Trade and Investment Board (FTIB) report
        AFP  -  252 words
      • Article
        Lock icon Hang Seng Bank likely to post 13-16pc rise in net profit
        436 18 Reuter HANG SENG BANK Ltd is likely to report a net profit rise of 13 to 16 per cent when it releases half-year results tomorrow, analysts say. Securities analysts also expect the bank, 61.46 per cent owned by Hongkongßank,
        Reuter  -  436 words
      • Article, Illustration
        Lock icon Market in doldrums
        542 18 Tokyo Reuter PLAYERS pounced on any stock that rose yesterday, i boosting some expensive I blue chips as well as large-capital steels, but the overall market wallowed in < the summer doldrums. Share prices ended firmer, but trade was thin with many players off for the traditional
        Reuter  -  542 words
      • Article
        Lock icon Ansett NZ preparing to set up new airline
        204 18 Reuter ANSETT NEW ZEALAND Ltd has an option to lease long-range widebodied aircraft which could put a new international airline into the air by mid-1990, according to spokesman Brian Lockstone. "Through the Ansett international leasing company we have been given access, should
        Reuter  -  204 words
      • Article, Illustration
        Lock icon Slightly weaker
        530 18 Sydney Reuter THE MARKET closed slight- I ly weaker yesterday as in- < vestors awaited the i outcome of Federal Trea- I surer Paul Keating's bud- i get and the July balance of payments figures due today. The All Ordinaries Index closed 0.9 point lower at 1,711.9. One
        Reuter  -  530 words
      • Article, Illustration
        Lock icon Featureless market
        1310 18 Hongkong Reuter. DBS Securities SHARE PRICES ended little changed in featureless trade yesterday. The Hang Seng Index fell 2.2 points to 2,638.19 and the broader-based Hongkong Index 1.97 to 1,740.80. Turnover fell to HK5911.31 million from HKSI.O7 billion on Monday. "We just had bread-and-butter trading today." one broker
        Reuter.; DBS Securities  -  1,310 words
      • Article
        Lock icon Taipei: Higher
        381 18 Reuter SHARE PRICES ended higher across the board yesterday as eager investors powered a day-long rally following the market's strong early showing, dealers said. The Weighted Index gained 215.37, or 2.3 per cent to finish at 9,575.68 compared with Monday s 9.360.31 finish. Falls led rises by 175
        Reuter  -  381 words
      • Article
        Lock icon Manila: Further fall
        98 18 Reuter SHARE PRICES fell further yesterday in continued profit-taking, which ia expected to mark the rest of the week, dealers said. The Manila Stock Exchange Composite Index fell 19.53 points to 1,163.73 points. The combined volume rose to 1.44 billion shares worth 170.36 million pesos compared with
        Reuter  -  98 words
      • Article
        Lock icon Bangkok: Active trade
        227 18 Reuter THAI STOCKS advanced yesterday in active trade centred on smaller, speculative issues which pushed the SET Index up 5.72 points, brokers said. The index closed at 630.51. with advancea leading declines 66 to 40. Most actively traded were Royal Orchid Hotel. Siam Cement and Pa- daeng
        Reuter  -  227 words
      • Article
        Lock icon Wellington: Sharply higher
        179 18 Reuter SHARE PRICES closed sharply higher yesterday after active afternoon trading, which centred on stocks listed in both New Zealand and Australia, brokers said. "The market was very dull when it started but we saw gradual improvement throughout and it closed at its high of the day,"
        Reuter  -  179 words
    • WORLD MARKETS
      • Article, Illustration
        Lock icon Shares take another dip
        763 19 New York Reuter THE BELIEF that interest rates were not hsedsd lower any time soon depressed US stocks tor ths second consecutive dsy on Monday. Trading waa moderate. The Dow Jonea Industrial Average dosed down 6.07 points to 2,677.82. Dediners led gainers by a two-to-one ratio.
        Reuter  -  763 words
      • Article, Illustration
        Lock icon Mixed in light trading
        832 19 London AP, Reuter SHARE PRICES wore narrowly mixad in light trading at midday yesterday, as Hi m m rli nai uihl Mm li.aa |i» ihgr u>6 (TVAncti caugnt ns DfMtn intr mooday's sharp drop. Daalara said tha market found tow fraah toads on which to trada.
        AP,; Reuter  -  832 words
      • Article
        EUROPEAN MARKETS ROUNDUP
        1035 19 FRANKFURT: Prices of most German shares continued to slide in thin trade yesterday, reversing gains made in the last two weeks. "This week has been msrked by consoiidstion, but there has been good buying intereet at lower levela," said ons trader. Some traders expected prtcee to continue
        1,035 words
      • Article
        Lock icon Drexel reaches accord with 10 American states
        419 19 NYT DREXEL BURNHAM Lambert Inc has negotiated settlements with securities regulstors in 10 American states as part of a nationwide effort to rssoivs sny difficulties with ststs regulstors srising from ths firm's 1088 agreement to plead guilty to six felony counts. Five weeks
        NYT  -  419 words
      • Article
        Lock icon Senior White House aide is new SEC head
        418 19 NYT PRESIDENT GEORGE BUSH has picked Mr Richard Breeden. a senior White Houae aide, as tha new chairman of the Securities and Exchange Commission, the US financial regulatory organisation. Administrstion officials confirmed the president's choice snd s formal nomination is exMr Breeden,
        NYT  -  418 words
      • Article
        Lock icon Noranda, Trelleborg bid for Falconbridge
        304 19 FT NORANOA, Canada's largest nat-ural-reeources group, has rslssd the stakes in the tussle for To-ronto-based Falconbridge by teeming up with Sweden's Trelieborg to launch a C 52.2 billion bid for the diversified mining compeny. The Cs37 a share oflsr tor the 68.8 per cent of
        FT  -  304 words
      • Article, Illustration
        Lock icon Analysts still optimistic about Philips
        434 19 Reuter ANALYSTS ere sticking with their forecasts of NV Philips Glosiismpsnfsbrisfcsn's lull yoer nst income, in spite of lest week's new of e illqqih minting fell in second queilei operating profit philips lest Thursday seid operating income fell to 513 million guilders from 600 million
        Reuter  -  434 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      245 15 NOTICE NOTICE IS HEREBY GIVEN that, I Lim Soon Tee of Apt. Blk 231 #12-330 Hougang Str. 21 Singapore (1953), have applied for a Public House Ist Class (Extended) licence in respect of premises at M/s Derby Sports Bar And Restaurant at Bukit Turf Club, Bt. Timah Race Course Singapore
      245 words
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      Page 15 Advertisements Column 2
      234 15 CURRENCY INVESTMENT AMI KK I XI'KI ss H\\ TEL: 321 3333 BREITUNG EARNED ITS WINC& BEFORE MAN LEARNED TO FLX In 1884. nearly 20 years before the first aircraft took to the skies. Leon Breitling began x designing the forerunners of today s renowned Breltllng aviation watches Over the years
      234 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      689 18 NOTICES IN THE MATTER Of THE COMPANIES ACT. CAP. 90 PURSUANT TO SECTION 290(2Hb) and IN THE MATTER OF MARIO'S TRADING (S) PTE LTD At an Extraordinary General Meeting of the above named Company duly convened and held at 6001 Beach Road. #12-01 12-11 Golden Mile Tower, Singapore 0719 on
      689 words
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      Page 18 Advertisements Column 2
      538 18 IN THE MATTER OF PACIFIC GAIN FISH PTB LTD (MEMBERS' VOLUNTARY LIQUIDATION) NOTICE OF FINAL NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act (Chapter 60) that a Final General Meeting of the members of the abovenamed Company will be held at the office of the Liquidators,
      538 words
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      Page 18 Advertisements Column 3
      18 18 The Seoul and Bombay market* war* doeed yesterday for holidays. Keep your investment decisions on target T SATURDAY
      18 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      11 19 :~%}@`?[>)-?|@&(|'(^}.!-'/[_!): The elier Europwn mart at reports wero not available at preeo-*ne.
      11 words
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      Page 19 Advertisements Column 2
      212 19 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 80 AND (In Members' Voluntary Liquidation) NOTICE OP PINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act Cap 50 that Pinal Meeting of the members of the abovenamed company will be held at 190 Middle Road
      212 words
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      Page 19 Advertisements Column 3
      211 19 li CAP 99 AMD r 'l l i tll.ljl Ih■ 1 (In Members' Voluntary Llqaldatlon) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Seotkm M of the CompaalM Act Cap 50 that a Final Meeting of the members of the abOT*named company will bo hold at I*o Middle
      211 words
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      Page 19 Advertisements Column 4
      198 19 I i 111 f NOTICE 18 HIEIIIIY GIVEN panaant to Section SOI at tM Co mpanl ee Act Cap 60 that Final Meeting of the member* 01 the abovenamed company will be hold at 190 Middle Road fU-M Fortune Centre Singapore OTII on It September 1M at 11.00 am for
      198 words
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      Page 19 Advertisements Column 5
      221 19 »I I ;ii CAP 80 1 i t IN TUB MATTKK OF VANDA TRADING CO PTE LTD (In Mwiw' Vahßtory Liquidation) NOTICE OF PINAL MUTING NOTICE IB HEREBY GIVEN punout to Section Mi of the Companies Act Cap M that a Pinal Meeting of the member* of the abovenamed company
      221 words
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      Page 19 Advertisements Column 6
      214 19 IN TOMATO OF TO COMPANIES ACT CAP AND IN TO MATTES OF (la Miabtn' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Oompanlee Act Cap 60 that a Final Meeting of the members of the abovenamed company will be held at 100
      214 words
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  • Article, Illustration
    Seletar aerodrome chosen for aviation business park
    499 20  -  By JOCELYN TOH SELETAR AERODROME will be redeveloped into an aviation businsss perk in what is seen aa a major booat for Singapore's aerospece industry, aa well as a complement to Loyang industrial sstats. Economic Development Board chairman Philip Yeo said a study
    499 words
  • Article
    Lock icon Bank branches: nine to be told Bangkok's terms
    136 20 Reuter THAI Finance Minister Pramuai Sabhavssu said ha will hold Iraah talks with nine foreign banks on Aug 23 on their applications for opening branches in Bangkok. Mr Pramuai told reporters thst the banks, which he declined to name, will be asked
    Reuter  -  136 words
  • Article
    Lock icon Malaysia records 7.3pc growth in first quarter
    426 20 Bernama THE MALAYSIAN economy strengthened further in the first quarter of thia year, recording a 7.3 per cent growth in real gross domestic product compered with 7 per cent in the fourth quarter of 1968, Bank Negara said in its quarterly bulletin. The
    Bernama  -  426 words
  • Article, Illustration
    Making all schools independent is the next step, says PM Lee
    521 20  -  By ANNA TEO,SHOEB KAGDA PRIME MINISTER Lee Kuan Yew said last night that the next step to improving the education system is to get all government schools to run like independent schools. Speaking at the Tanjong Pagar Constituency National
    521 words
  • Article
    Lock icon Troops storm Philippine jail
    208 20 Reuter PHILIPPINE TROOPS stormed an army jail and killed 16 prisoners yesterday after the inmates raped and killed an Australian woman missionary and murdered four other hostages. Ten other hostages were freed in a series of gun battles between the soldiers and prisoners in a jail
    Reuter  -  208 words
  • Article, Illustration
    S'poreans snap up first 300 places offered by Tioman golf club
    425 20  -  By WALTON MORAIS SINGAPORE golf lovers have responded overwhelmingly to a golf membership offer by Tioman Island Golf Club, snapping up the first 300 memberships in a space of two weeks. The reeponee has been eo overwhelming that the
    425 words
  • Article
    Lock icon Indonesia rules out automatic nationality for HK investors
    243 20 AFP INDONESIA haa ruled out offering sutomatic nationality to prospective investors from Hongkong, whsrs a growing number of people are considering emigrating shead of the colony's handover to China. A high-level Indoneeian delegation ia in Hongkong this week to lure some 200
    AFP  -  243 words
  • Article
    'Asean-Chins relations not put back by Beijing crisis'
    150 20 ASEAN participants at a seminar hers did not think that the grouping's relations with Beijing would be "put back by 50 years" by the recent events in China, according to Professor Kernail Singh Sandhu of the Instituts of South-ssst Asian Studies (Iseas).
    150 words
  • Article
    Inter-Pacific and Semi-Tech planning cross-shareholding
    383 20  -  By WILLIAM CHIA RAPIDLY EXPANDING conglomerate Inter-Pacific Industrial Group Bhd is planning a crossholding of shsrss with high-flying Hongkong company Semi-Tech Microelectronics. Quoting sources close to the deal, the South Chin* Mowing Pott said Semi-Tech, which la majority-owned by Macau casino king Stanley Ho, la
    383 words
  • Article
    Lock icon Comex gold and silver
    83 20 Reuter COMEX GOLD futures were mixed early yesterday, closely monitoring the fluctuations in the US dollar, its primary influence during the featureless summer months. December gold was off US$O.lO at U*****.10. having scored a high/low at U*****.30/372.40. Spot was off the same at U*****.00. Comex silver
    Reuter  -  83 words
  • LATE FILE
    • Article
      Lock icon Heavy fighting on eve of UN visit
      48 20 AFP HEAVY fighting broke out on Cambodia's border with north eastern Thailand hours before a UN fact-finding team was dua to visit border araas yesterday. Thai military sources said Hanoi and Phnom Penh troops shelled guerilla-held poeitions along the border.— AFP
      AFP  -  48 words
    • Article
      Lock icon 33 killed in plane crash
      47 20 Reuter A CHINESE passsngar plane crashed near Shanghai airport yeaterday, killing 33 people, the official New China News Agency said. It said the Soviet-built Antonov-24 craahed into a river after an abortive takeoff en route to the southern city of Nanchang.— Reuter
      Reuter  -  47 words
    • Article
      Lock icon China's imports outpace exports
      32 20 Reuter CHINA'S foreign trade expended in July but imports outpaced exports, raiaing the deficit for the firat aeven months of 1999 to U559.57 billion, customs figuree show. Reuter
      Reuter  -  32 words
    • Article
      Lock icon Walesa welcomes Kiszozak's move
      36 20 Reuter SOLIDARITY leader Lech Wilcm yesterday welcomed Prime Minister Czeelaw Kiszozak'a decision to give up trying to form a Communistled government es e step opening the way to solving Poland's political crisis.
      Reuter  -  36 words
    • Article
      Lock icon Agreement on funding projects
      42 20 Bernama THE Asean committee on culture and information has agreed, in principle, to fund mm m n rnl m A I n|i 111 uhM projects wntcn will m implemented by Asean news agencies to upgrade information dissemination. Berna-
      Bernama  -  42 words
    • Article
      Lock icon Bhutto reaffirms friendly ties
      30 20 AFP PAKISTAN'S Prime Minister Benazir Bhutto yeeterdey reaffirmed that her govern meni anacnes in® groaißST importance" to Ihe establishment of "friendly and cooperative" relations with India.—
      AFP  -  30 words
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      Lock icon Rajiv attacks Opposition
      40 20 Reuter INDIAN Prime Minister Rajiv Gandhi, who cam* to power five years ago on a massive sympathy vote after the murder of his mother, yesterday launched a scathing attack on the oppoeition aheed of national elections. Router
      Reuter  -  40 words
    • Article
      Lock icon Pravda slams party authorities
      38 20 AFP AS a strike by the Russianspeaking minority continued in Estonia, the Soviet Communist party newspaper Pravda yesterdsy slammed party authorities in all three Baltic states for allowing things to get out of hand.
      AFP  -  38 words
    • Article
      Lock icon Pretoria's trade surplus narrows
      44 20 Reuter SOUTH AFRICA'S trade surplus narrowed to 1.00 billion rand in July after a sharp rise In June to 1.29 billion rand, but was up slightly from a July 1968 surplus of 1.04 billion rand, Customs and Excise figures show.
      Reuter  -  44 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      159 20 WHY START W THE BOTTOM WHEN YOU CAN START AT THE TOR No query is too small to demand the attention of our decision makers. You can be assured of the immediate personal attention you deserve at the top. Enquire about all our services. Residential and Commercial Property Loans Hire
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      192 20 +<+)\)?$$)$'$/(~+(_,|)?\.![`.@| MAJOR EUROPEAN BANK Private Banking Officers IDai ooo\ $75,000 -$125,000 (Ref 929) Our client, a well-established European Bank, is gearing up to develop and expand its private banking activities in the region. The bank has well-respected, large operations in Switzerland which offer the full range of private banking products
      192 words
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  • SHIPPING TIMES
    • PORTSIDES
      • Article
        Lock icon Dead end for toxic cargo carrier
        98 21 AFP A SOVIET SHIP carrying a cargo of Canadian toxic waste will have to sail back to Canada if British dockers refuse to unload it when it arrives at Liverpool, port authorities in Rotterdam said. The Nadeedha Obukhova, docked in Rotterdam on Monday but
        AFP  -  98 words
      • Article
        Lock icon Investigation into reported mutiny
        122 21 Reuter JAPANESE MARITIME AGENCY officers are investigating a reported mutiny on board a Pana-manian-registered ship off southern Japan. An agency spokesman said on Monday that five British officers of the 06,098-dwt ore carrier EBCarrier radioed Japanese authorities for help last Sunday, saying eight Filipino crew members
        Reuter  -  122 words
      • Article
        Lock icon Freight train crews to be reduced
        92 21 Reuter SANTA FE PACIFIC CORP unit Atchison, Topeka and Santa Fe Railway Co said union employees in Texas have approved a plan to reduce freight train crews. A similar plan was recently approved by West Coast employees represented by the United Transportation Union (UTU).
        Reuter  -  92 words
      • Article
        Lock icon Panama Canal turns 75
        114 21 AFP THE PANAMA CANAL turned 75 years old yesterday and it continues much as it began a world-class engineering marvel and controversial umbilical cord connecting Panama to the US. In spite of a recent increase in tensions, commerce in the Canal Zone continues unhampered with 30
        AFP  -  114 words
    • Article
      Lock icon NZ dockers declare 48-hour strike over pay dispute
      165 21 Reuter NEW ZEALAND dockworkers have begun a 48-hour strike following the breakdown in their annual contract negotiations. Employers' spokesman John Button said in Wellington yesterday, "For the next 48 hours they're on strike that's what we've been told. We're just get- ting
      Reuter  -  165 words
    • Article
      Index to advertisers
      1031 21 A WW Marin* XM 3 ABC C—fcurtHw XI 5 Accord Shoo vw 3/4 An XM 3 AAronfcioi linor XM 5 AC TO»M*»I XM 5 AMncon Ntggt* XN 4 Arrow linos X) 5 Assoc Carriage XM 5 AMI M 1/2 AfC lino vm 4 Aft V 34 Asa
      1,031 words
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      Lock icon European lines unruffled by talk of car carrier glut
      301 21 Seatrade Week JAPANESE FEARS about overcapacity in the car carrier market are not being echoed by European operators. Both Leif Hoegh and Norwegian America Line, which operate within the Noaac pool, have recently reported strong results for their car carrier operations
      Seatrade Week  -  301 words
    • Article
      Philippine government set to break inter-island monopoly
      305 21  -  By AL O LABITA JR THE AQUINO GOVERNMENT, under Are over the spate of see accidents in the Philippines in the past year, is set to stamp out the existing route monopoly by the country's shipping industry. President Corazon Aquino is considering the
      305 words
    • Article, Illustration
      Sembawang Johnson looking beyond Scandinavian market
      515 21  -  COMPANY SETS SIGHTS ON JAPAN, US AND SOUTHERN EUROPE By RAHITA ELIAS SE MBA WANG JOHNSON Management (Semjom) is looking beyond the Scandinavian market for new customers. "We have to be more international in our outlook and concentrate our marketing efforts on the United
      515 words
    • Article, Illustration
      Throughput at Kuantan up 15.9pc in first half
      208 21  -  ■y G DURAIRAJ CARGO THROUGHPUT at Kuantan Port rose by 15.9 par cant to 889,739 tonnes in the first aix months of this year compared with the same period last year. Export cargo dominated, accounting for 84.7 per cent of the tonnage
      208 words
    • Article, Illustration
      Lock icon Debate over US shipping subsidy system hots up
      1605 22 Calls for elimination met by warnings of extinction of American fleet Seatrade Business Review AS US-FLAG OPERATORS scramble to trade Operating Differential Subsidy (ODS) rights, the system's critics are in full cry arguing that far from benefiting US operators, OOS had led
      Seatrade Business Review  -  1,605 words
    • Article
      Lock icon No change in inactive tanker tonnage
      203 22 Reuter "EWORLD LAID-UP and idle tanker tonnage at end-July amounted to 1,847,165 long dwt (19 vessels), unchanged from the end-June total, while combination carrier tonnage fell to 343,081 dwt (three) from ti14,152 (four), London shipbroker John I Jacobs said. Listed above are the breakdown
      Reuter  -  203 words
    • Article
      Lock icon Weekly freights
      817 22 AFP SIGNIFICANTLY BETTER RATES on the US Gulf-to-Japan route and a low volume of tonnage available for fixing pushed freight rates higher last week. A 52,000-tonner on the route secured U5523.75 per tonne against U5522.75 the week before. The Baltic International Freight Futures Exchange's (Biffex) Baltic Freight Index
      AFP  -  817 words
    • Article
      Container schedules/Ships in port
      1976 22 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy 1 irrtval Tranetalni r Tchertiilea Blk Op Gdn Date/Time. Time Front i Time To Booking Gale Ac* Concord oi/m 1708 89 0600 16/1930 16/2030 NA 2 Q4 F05 AkafcoM <*/» I4®89 1530 I6XJ700 14/ono NA 2
      1,976 words
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      Lock icon Moscow places US$62om order with German yards
      183 23 Reuter THE SOVIET UNION has agreed to buy six container ships from West Germany at a cost of 1.2 billion deutschemarks (US$62O million), state-owned shipbuilder Bremer Vulcan AQ said on Monday. The deal involving two shipyards follows Soviet President Mikhail Gorbachev's visit to
      Reuter  -  183 words
    • Article
      London Freights
      1061 23 MOOERATE chartering activity circulating the dry cargo freight market on Monday included two grain products cargoes being fixed from the Mississppi River to the Netherlands, brokers said. One was fixed at a lump sum of U*****,000, which brokers said equated to $11.96 and up 20 cents from previous
      1,061 words
    • Article
      SHIPPING LIST where your ships are due
      12796 30 NM De«Mae. SeenOutoht. Aug IS. Exr CPaom, Evergreen. Aug 1B AM Mara. Trtot Aug IS|PIQ. Meerak RoMrdon. Meonk Una. Aug IT. An Ha, CMna Oca an Shpg. Aug 17. Mont* Roe*. Trtot. Aug IT. Mpen 800. NorMla Una. Aug IS Ever OMaring. Evergreen,
      12,796 words
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      30 21 "The Illustrated Encyclopedia of Wildlife" Mht< A Fortnightly at all good bookshops f'% For advertising and circulation enquiries, please call Business Times, Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
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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.
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      Page 21 Advertisements Column 3
      228 21 1 )'.CI A lively way with .words Shipping to Australia? EAST COAST SERVICE PENANG POR KELAN V SING V ANRO CONSORTIUM MEMBERS \r 1 The Australian National Line Neptune Orient Lines Nedlloyd Lines Australia Straits Container Line Pt. Djakarta Lloyd SOUTH WEST COAST SERVIC ANRO answers all your questions about
      228 words
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      Page 21 Advertisements Column 4
      118 21 INSIDE -fx Debate over US subsidy hots up CAfTICS of America's Operating Differential Subsidy argue that the system has led US operators into complacent inefficiency. Supporters of the government subsidy, however, say that the US fleet cannot survive without it PAGE No change in inactive tankers WORLD LAID-UP and idle
      118 words
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  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      859 23 OOCL Pedicated (u Scrvict'. JARDINE SHIPPING AGENCIES 200 CwtomMnt Road 012-05 SouO>po.nt S<n»por« 0201 Ttl *****11 TELEX NO RS ***** TERMINAL/CFS TP *****11 220 BOOKINGS TP *****34 235 PESAKA JARDINE SHIPPING MW.I* POST KELANfi TEL *****18 Titax No. MA*****A4A39W1 PENANC TEL *****4 TELEX NO »4A4<873 CfS TEL *****6 P.GUOANG TEL
      859 words
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      Page 23 Advertisements Column 2
      1177 23 MAERSK LINE TM* Ml MMM CY 21/ i 2300 MRS CFS 21/8 1300 HM 2H M 2M 3M 1/10 1/1* r/io a/io tne 14/10 15/10 16/10 21/10 22/10 ano 20/10 2*lo 2*no 4/11 VII VII 11/11 12/11 12/11 1M 24/8 29/8 31/8 3/0 7/8 8/8 13/9 14/8 16/S 18/ V
      1,177 words
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  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      605 24 If Hapag-Lloyd CONTAINER SERVICE TO UK/CONTINENT 77 ALASKA MARU MONTE ROSA LARGS BAY CITY Of EDINBURGH LONOON EXPRESS KASUQA 1 BONN EXPRESS CARDIGAN BAY BENALOER ALSO ACCEPTING CARGO TO: ALL UK INUNO OESTIRAT BELFAST, DUBLIN, COPENHAGEN. AARHUS, OOTHEN6UNG, MALMO, HELSINKI. OSLO. CARtMEAR A 1 AMERICA CONTAINER SERVICE FROM UK/CONTINENT LONDON
      605 words
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      Page 24 Advertisements Column 2
      438 24 COLUMBUS LINE REEOEREI GMBH A SERVICE Of HAMBURG SUDI W EXPRESS SEMI CONTAINER SERVICE TO A NEW GUINEA (ASIA-SOUTH PACIFIC JOINT SERVICE) COCUMUS NIUGINI MS MORAYtANK VIS Accepting LCL cargo for main porta discharge and alio to Kavieng, Kieta, Honiara via Transhipment. H C Tel: 3H5701/4 Port Kelang's Agent: H
      438 words
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      Page 24 Advertisements Column 3
      702 24 REGULAR INDEPENDENT FULL CONTAINER SERVICE TO EUROPE JAPAN SEA IZIW NO*ASIA SUN 022-1 WORASIA PEARL VOZ3-3 NORASIA PRINCESS 024-3 Alm accaptiNg earn to all U.K. Minerp via HOuenUfn u i. —i~- DfPnw VII fWmOUf| (VU FCEKt) PKL g" nx Ml K NT UT UN g S3 8 13 JSS iS
      702 words
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  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      1000 25 weuiiruui;, nuguai i«, 1000 Steamers Maritime Holdings Ltd P&O Containers STRAITS SHIPPING CONTAINER SERVICE TO UK CONTINENT rm PJD MM If* vn an an U/» 11H W M W Mfl m mii 10 uii wi m un un un ufi an a/i an an an an an an an an
      1,000 words
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      Page 25 Advertisements Column 2
      806 25 VL pun VAKir I IMC WEEKLY EXPRESS INDEPENDENT unU TMNu Lllit far east europe fully containerised serv/ice CMOYAMC CHANCE M HAMJIN MAUN MM HAMJIN lEMAVRE IQUCENSWAV MtOGE I m fix m u/i 17/1 1M m* a* l/» V* FMC. Q FIOTA MERCANTE Gil MBIANA (NATIONAL t INF Of COI UMBIA)
      806 words
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      Page 25 Advertisements Column 3
      275 25 Hai Sun Hup Co (Ptr) l td ■l i .ASTI-.K\ < \i; I.INLR STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFT! COSMIC SEKI SCKI TRADER MATSUYAMA KOCMI l(2nd (Ml) 71 74 KOGGEGRACHT Sport Ll* P. KoUng V» *1 •For Discharging (My NOTE: ALSO CALLM6 OTHER JAPANESE PORTS, HONGK TAIWAN
      275 words
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  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      515 26 n. SINOSE ESI MARITIME PTE LTD ISLAMIC REPUBLIC OF IRAN SHIPPING LINES IRAN IMAM PX M ETAI7 I IRAN HEEAD PA V AUG Q KYOWA LINE r l i^'a* i >?■<! ETA SPORE PAHWfifI ETA SPOftE LOAD FOR'* 2AR&LS OL^^AJIAMO •WCRONESIA PORTS DIRECT CALLS ON INOUCENENT BASIS AMOOR T/SHPT AT
      515 words
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      Page 26 Advertisements Column 2
      393 26 (ft HANJIN SHIPPING X V FULL CONTAINER SERVICE TO EUROPE VIA SUEZ QUCEirSMV TO USA PACIFIC SOUTH WEST FROM EUROPE VIA SUEZ TO PACIFIC NORTiI WEST CANADA TO EAST COAST (ALL WATER SERVICE) ww vm www CONVENTIONAL SERVICE TO PERSIAN GULF |1 INBOUND SERVICE t-ROM USA CANADA B 'ALSO ACCCFTtMC/IMSCMAItONC
      393 words
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      Page 26 Advertisements Column 3
      83 26 INTEROCEAN UNE 78, 2nd Floor, Jaton 2/71, Taman Tun Or. tamall, ***** KL Tal: *****34, *****04, *****24 TLX. NO. MA-***** FAX: 03-*****11 Panang Off Tol: *****7. *****2 accepting cargoes for the following ports GUANGZHOU MARITIME r TRANSPORT BUREAU OF CHINA SOUTHERN LINE REGULAR LINER SERVICES (FORTNIGHTLY SAILING) HONG KONG PORT
      83 words
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      Page 26 Advertisements Column 4
      616 26 a EVERGREEN Round-The-World East Bound (FE/CARIB/USEC/EURO/FE) Round-The-World West Bound (FE/EURO/USEC/CARIB'FE) Vi US WEST COAST OUTBOUND NF-: uu m vc« ton MHCT kin nna hn m i ti mh vn it* an kr FAR EAST/RED SEA/MEDITERRANEAN OUTBOUND 55 L <1 1 It rt*l *li MED'RED SEA/F E INBOUND I am :m
      616 words
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      Page 27 Advertisements Column 1
      631 27 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES rt VOY NKO 4MB sr« 1/t w M 1M 1" TWTtd'M: E JAKARTA KOTA MCLATI TT II 11. vm w siM CONVENTIONAL/SEMI-CONTAINER SERVICES iiiwiuyi IMM >■JB m tpt —T" in i»m," liwi wTfr' ill»I HDIW
      631 words
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      Page 27 Advertisements Column 2
      453 27 \a BEN LINE CONTAINERS EXPRESS CONTAINER SERVICE TO UK/CONTINENT rm fAi m im ON w w w I*l i*» KM m m m an an n/» w w an an VM MM ■I an an an i■ im w w w na ww v» v* tm tn» am mm mm
      453 words
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      Page 27 Advertisements Column 3
      343 27 a z II .k i —r umntamvum aa on vn (ACCtfTIHC CO*Vf*TW>«Al AND CONTAMCRIStO CAMS) 1 PANJANW2OT UUfl U/M l*l» (ACOrTIMC CO«¥UITtOtIAL ANO CONTAMOIIKD CAMO) SMHJAYA/Z7TC ficCtfTIPK roSvtNTK)I»At ANO CONTAMOMKO CABGO) Fwt Stjlftrt AJMMdrta. Quill. TrtMb. ALSO ACCOTM6 BOTH OONTMWRS. COMVOmONAL CAMO VIA T/S TO UK POtTS. NUU, Li NAWK.
      343 words
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      Page 27 Advertisements Column 4
      297 27 BOUSTEAD SHIPPING AGENCIES MPA-AN VMM HTONCYVA V24W ■VOBAYWA VIM MYANMA FIVE STAR UNE (Burmese National Line) Loading for Rangoon S'por* P.Keiang Pwtng Bank UA7 Ami 2UOAX i*m km i THE BANK LIRE EMI-CONTAINER SERVICE CLYDEBANK VXN TAMAITAI SAMOA VttN FORTHBANK V2SN SPORE ROAM HMBC HULL 20J5 Sal aSo 13/11 Ifll
      297 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      770 28 tXPQRf [Vi'liiliilM'l'' ~<L f.'.V Kline K WVASAkI K1 si N K MSI lA. Ill) CHLS W 2S/7 W m VOY LB 14 1/7 19 15/7 15 22/7 23 21/7 N. AMERICA M VOY LB 29 10/9 25 17/9 27 24/9 29 1/1 MOTHER VESSEL GEORGE W BRIDGE MANHATTAN BRIDGE HENRY
      770 words
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      Page 28 Advertisements Column 2
      459 28 EXPRESS CONTAINER SERVICE AccapWng FCLVFCL Container* fcHW P.Mlmi fmmm L~*"€ tor MoHw »«l B* Fm4* Bh Fator 2 Sapt 2 Sa*t Frwi£MNSv*/Mtf IIS« DM F>«MMMf<NAM It OK II Od Frw^M/Sf*VAM IS Nm IS Nw Ftw^Mb/Sfd^AM INDIA/JAPAN/INDIA SERVICE oeaaNna FCL CanMmra and ConynaonH Cargo PJMmi NM* 10 MAfiAUNO U.S.A. SERVICE AootpHiif
      459 words
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      Page 28 Advertisements Column 3
      184 28 CHINA OCEAN SHIPPING CO., PEKING THE PEOPLE S REPUBLIC OF CHINA VKTWTT MVU FEN IK JAM IK -HPS 3S if GUAN GUAN MUFFING SDN. BHD P. KLANG Ttl: 03-307*1, 3M82»-7 Ttlti No: HA ***** PENANG Ttl: 04-*****7, *****. 62«71 PASIR GUDANC Ttl: 07 T#tti: Wo: MA K»4 KUANTAN Tot: 09-*****0
      184 words
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      Page 28 Advertisements Column 4
      538 28 PHILI-CRIENT LINES PTE LTD MFADOFFiCfc 108 ROBiNSON ROAO I GMG BUItDiNG SINGAPORE OlO»> TELE* RS PMILI FA* 22SSto'6 EAST/FAS EAST Fa ft LCI DESTINATION an MA W V I.M N.KONG, KOet, TOKYO, KCELUMC, KAOHSIUMC, HAMtIA. lAftCffOT, I giJSAN, JAKARTA rvr —.wr —n HAMAS. CALCUTTA CHITTAGONC EAST/NOT Fa ft lci nma
      538 words
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      Page 29 Advertisements Column 1
      1119 29 Agents S pofe NEPTUNE AGENOES PTE. LTD. NEPIME SON BHD K LuMur Pwmm *****33 *****5 (CR NO. **********0E) NEPTUNE ORIENT LINES LTD 620r0? amo *****0 *****1 *****1 *****2 EXPORT IM VBl/VOY Parkaaa 888 Parkaaa 906 Patau 913 PKG SGP MOTHBB VBL/VOY 17/06 18/08 N. Topaa 4W 24/08 26/08 O. Honour
      1,119 words
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      Page 29 Advertisements Column 2
      878 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD SINSOV BUILDING 55, Market Street Singapore 0104 Tel: *****33 (15 Lines) Terminal Office: *****41/2 Cable Address SINSOV SINGAPORE Telex Numbers RS ***** RS ***** RS ***** PENANC P. HUM MESSRS HAI THOMC SMIffINC 127 Pnm Strati Penjnt Malaysia H/S HANDLING STSTEM CO SON
      878 words
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      Page 30 Advertisements Column 1
      335 30 SINGAPORE SHIPPING CORPORATION (PTE.) LTD. Til 225 6888 (34 lm| FAX *****39/*****76 IEIiX RS ***** A/8 SSCMA. RS ***** A/B SSCAO DSR-LINES )c rtn.v ht EOfcRE 1 INTEGRATED CONTAINER SERVICE NOWER OF EACON SCRVKC TO EAST MEDITERRANEAN 4 NORTH CONTINENT EUROPE I 'I. UL I*i".m "n 1 iß'y.ig^g^ipgirzicii MOBIN, ISTANBUL
      335 words
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      Page 30 Advertisements Column 2
      329 30 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/ SEMARANG/PANJANG/CIGADING/ BENGKULU VSL ETA ETC LOADING FOR DELI INOAH 20U9 21A89 PANJANG/PK BALAM HAGA JAVA IN PONT 3QJ* PAN JANG LAMPUNG iAYA 20U9 22JJ9 PAN JANG/JAKARTA PtNANG JAYA 18JJ9 19U9 PALEMBANG/PK. BALAM PERITA JAYA 22JJ8 23X89 PANJANG/JAKARTA ABADI JAYA 25X89 27X89 JAKARTA/PANJANG
      329 words
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      Page 30 Advertisements Column 3
      219 30 HCL>REGIONAL CONTAINER LINES xmr PORTS BANGKOK sailings a week Hock Anncv Co Lid BKK (Tat: iM TW 17/1 SONGKHLA -1 sailing a week PJtELANG 3 SAILINGS A WEEK DASWANI Sdn Bhd Pkl (Tel: *****59) PENANG 2 SAILINGS A WEEK mv' Ml.." iij hi.:"'inv 1 ii JAKARTA 2 SAILINGS A WEEK
      219 words
  • Page 30 Miscellaneous
    • Miscellaneous
      Page 30 Miscellaneous Column 1
      149 30 Wi Regional Weather m to 1 dS *>« e i 1C SIGNIFICANT WEATHER ANO SEA COMMTIONS AT 7JO A.M. August is. II R Thunderstorm X\ Shower Weather Wind dvtct«n «wth speed n knots Rom v-/ Cloudy Sky Wo.«h«gh. Woct M* Oft "tdxalxt by arrows (Ml My With rfc* .ad Q
      149 words
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      573 31 UNIPACIFIC TRANS TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 El cn a n i oujj I j —*11 —> 9-! a *—iyvuJ Algerian National Line FAR EAST I MEDITERRAN KSAR CHELALA MV BOUIRA S PORE LOADING FOR 10/* ALGER/ORAN/ANNABA, TUNIS 25/8 JAPAN AIL VESSELS ACCEPTING FCL CONTAINERS FOR
      573 words
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      Page 31 Advertisements Column 2
      330 31 f ffl RICHFIELD MARINE AGENCIES |S| PTE LTO TEL ***** 3J (10 Line»| f-AI 2257HS TfcltX RS ***** RISMIP 3 L.nesl ACCEPTING FCL AND CONVENTIONAL PCN/PKQ ETA LOAOMO KM NETSANET W1 OAMESSALAAM. VOYtwa AMAB, MASBAWA MOOBOAH MVANCWCT 20/10 OAftESSALAAM. MOMBASA (XAOOUTI ajyTwo aim massawa hooeoam Other ports along the route
      330 words
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      Page 31 Advertisements Column 3
      599 31 SIGMA EXPRESS (S) PTE LTD TEL: *****44 FAX: *****75 ACCEPTING CARGOES FOR: BANGKOK BUSAN BOMBAY COLOMBO HONGKONG MUARA/LABUAN/KK KUCHING/SIBU TOKYO/YOKO/KOBE LE HAVRE/HAMBURG FELIXSTOWE/R'DAM KEELUNG/KAOSHIUNG 16/8 17/8 21/8 21/8 17/8 17/8 17/8 18/8 17/8 17/8 19/8 8/8 8/8 23/8 P.KELANG: 13-*****35 BANGKOK: *****21 HONG KONG: BJNIII w tf n n NATIONAL
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      136 31 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICE >♦<3 ALL LCUPCL ACCEPTABLE FOR COMPETITIVE LCL RATE CONTACT ANWARSJEYA CONTACT KMOM :MR ROBERT OH/ ANWAR TELEX/FAX NO*. Hamburg West Germany Tiger Line wa m INDEPENDANT COMMON CARRIER SERVICE SINGAPORE MADRAS SHUTTLE SINGAPORE CALCUTTA SHUTTLE MV TIGER BAY, MV SUSAK MV
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      Page 31 Advertisements Column 5
      60 31 ETA SINGAPORE KMT KELANG <FCL ONLY) ifiiy kaonsiunc JAKARTA (FCL ONLY) TOKYO, KOK, BUSAN (Fa ONLY) U* I*. M*. 22* ap, vi no. m TTTv^TTv"^ K Cabte fARGOLINE ABC CONTAINERLINE N.V TO AUSTRALIA/NEW ZEALAND C. VWOUK antwcrpcr AGENTS- JARGO smppms UmPMYtFTt.) LTD. 15. HOE CHIANG ROAO. I im SANFORO BUILDING.
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      Page 32 Advertisements Column 1
      83 32 GOQpWAY La ACCEPTANCE TO NOUMEA, FIJI MM NOUMLA SUVA v» i/w m wo VIO 1/11 EXPRESS lAUMI TO PAPUA NEW OUMEA POST MORESBY LAC vn W GOODWAY CONSOL VIA SUVA TO: APIA PAGO PAGO TAR ANA KIRIBATI NUKUALOFA TONGA RAROTONCA FUNAFUTI TUVLU SIN SUVA VSI: (TEN 0101) 7<l IMP Goodway
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      Page 32 Advertisements Column 2
      321 32 OcerfiSeruice r J PENANG KL: ALLIED-LINK Ng/CHrMna CMm SINGAPORE: #/O 09ZZ(22 LINES) Elain* T«o/Esther Yap (S LINES) <> AUG Manila, Kaohsiung EJPPESS 'SBOUSD WEEKLY SVCS FIIOII ALL UNITED KINGDOM CITIES/PORTS FROM COPENHAGEN/AARHUS FROM HAMBURG/BREMEN FROM BUSAN FROM LOS ANGELES/ALL USA IPI POINTS VIGOUR LINE CONVENTIONAL UNEH SERVICE TO XMQANQ BANGKOK
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      Page 32 Advertisements Column 3
      243 32 C SAV SERVICE to/from CHMi tmm CARGO FM PUNTA ARENAS. TALCANUANO (SAM VICENTE) ACCEPTED WITH T/S VIA VALPARAISO SEWAWI ihrenkie! liner service CONTAINLR BREAKBULK SLRV-IOE TO FROM PORT LOUIS AND DURBAN Afc 5 B rrr -V 1 Fi Tat *****88 T« Fax: *****17 W= T T I Mil A££«*l HJU
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      Page 33 Advertisements Column 1
      683 33 Everett Lines COMPANIA PERUANA r\C UADADCC "PERUVIAN STATE LINE" LOADING FOR CALLAO, MATARANI, ILO* AND ALL OTHER PERUVIAN PORTS* WITH TRANSHIPMENT AT KOBE ON CPV THROUGH BILL OF LADING TO FINAL DESTINATION. Pananf* P. K«tong* Singapore MANOLOEVERETT ROSEEVERETT JOHNEVERET7 "EVERETT ORIENT LINE" JAPAN/BAY OF BENGAL/JAPAN SERVICE LOADING FOR YOKOHAMA, KOBE,
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      Page 33 Advertisements Column 2
      345 33 Z I M umamzm^azzMi uTi ACCEPTING CARGO TO ADELAIDE VIA MEIBO<MNt ANO ALSO FCL TO GUAM. HONGKONG, TAIWAN. PUSAN. MANILA I CERJ. BUT CONTAINED UK *rr L-.-IJI .IS Terror 5 H Tl. GOLD STAR LINE OOLO ALBA AMMAaaot/Ufot/CtfaMM Port Harcouct/T•ma/HonrovU/law 1//1 gold leaf CTC, Colombo, Mombasa, D.E.S., Durban, IhßMto. 1/9
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      Page 33 Advertisements Column 3
      409 33 aiBMMO TKAMSFOATATIOM (FTI) LTD WEEKLY LCL/FCL SERVICE PORT KELANQ FOR BOOKING i ENQUIRIES, PLEASE CONTACT:18 AUG 18 AUQ HONQ KONQ, ALL CHINA PORTB 18 AUQ KEELUNQ. KAOHSIUNG 20 AUQ BUSAN 20 AUQ TOKYO. KOBE 19 AUQ CHITTAGONG 18 AUQ DUBAI 21 AUQ JEOOAH 23 AUQ SYDNEY. MELBOURNE 22 AUQ ROTTERDAM,
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      Page 33 Advertisements Column 4
      472 33 PERINTIS LINE II weekly full container service WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA EL VOY SINGAPORE JAKARTA ETA ETD ETA ETO PRABMAKTI PRASETIA PRABHAKH PRASCTIA TANTO UTAMA TANTO UTAMA 286-287 m Port In Port 18/06 18/06 16-17 19/06 21/06 24/06 24AM 286-269 22/06
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      Page 33 Advertisements Column 5
      360 33 PTC CONTAINER LINES fCI ICI SFRVICF 20/8 KEELUNG/KAOHSIUNG 20/8 BANGKOK' 21/8 MANILA 19/8 JAKARTA 19/8 PORT KELANG/PENANG 21/8 BUSAN 22/8 TOKYO/YOKO/KOBE 18/8 HONG KONG also accepting to HuanflMi/Stwnzhen/Fuaou/ Xiamen/Xingang/Shanghai 19/8 LDN/FLX/LVP/SOU 19/8 RDM/HAM/ANT/LE also acci Europe ii T/LE HAVRE/GENOA rgo to all sanations 17/8 LA./NYC/SFO 17/8 VANCOUVER/1 17/8 VANCOUVER/TORONTO/MONTREAL 21/8
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      Page 34 Advertisements Column 1
      637 34 ige XIV MERCHANT MARINE CO., LTD EASTBOUND TOJttA FULLY CONTAINERISED trans-pacific WEEKLY SERVICE westbound from USA TOPSW KA MCfi SIN FROM PSW SIN NKG UN OAK KA Si TO PNW MY MM GOLDEN (ATE MIDGE SIN NN6 TAC fLANO BE M M UP Dim m am mm nm *P as
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      Page 34 Advertisements Column 2
      429 34 W. JE CONTAINER LINE TEL: *****59 FAX *****63 GUARANTEE LCL COMSOL SERVICES (ALSO ACCEPTING FCL BOOKINGS) FAR EAST SRI LANKA/ INDIA EUROPE/ UK KARACHI CALCUTTA CMITTAfIOMC UH 2M SOUTHAMPTON ad 21* TILBURY m mix* mi jm ill REGULAR CONVENTIONAL SERVICE TO SWISS SHIPPING PTE LTD 195|fl| m Tmkok IH«—li Road
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      Page 34 Advertisements Column 3
      407 34 r MitsuiOSK Lines Ltd FULL CONTAINER UK/CONTINENT (TRIO) a Jt x s MIDDLE EAST (OASIS!** *ii i a DOC AT SNUAMA <SACT> MMWHMI ■MiaCnakrMMl. TO: SOUTH AFRICA I*l n> 3 ETA Ml MM 22 5 TO: SRI LANKA/INDIA/PAKISTAN FOR USA CANADA AND f U A r -T SEE TUtjDAV AND
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