The Business Times, 19 September 1989

Total Pages: 34
1 34 The Business Times
  • 11 1 BUSINESS TIMES MCI (P) 45/12/88 TUESDAY, SEPTEMBER 19, 1989 75 CENTS
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  • 243 1 Dow Jones down NEW YORK stock prices were little changed yesterday in an atmoephere of caution after the market's recent declines. The Dow Jones average of 30 industrials dropped 0.57 to 2,674.01 in the first hour of trading. Analysts cited wideepread talk that the market was due
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  • 252 1 REGIONAL stock markets traded higher yesterday except for Singapore which closed lower on a broad front due to profit-taking. The Straits Times Industrials Index closed at 1,404.51. down 7.3 points. The Business Times Composite Index fell 3.27 points to 1,251.76. Falls led rises by 154 to
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  • 106 1 THE US DOLLAR recovered on European currency markets yesterday after crashing last Friday on wild market rumours ranging from US President George Bush being shot to a major US bank being in trouble. It opened in Europe some four pfennings lower than Friday, when it soared
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  • 309 1 THE executive director of the Singapore Chinese Chamber of Commerce and Industry (SCCCI). Su Kee Lay, is to step down. "I want to give way to a more talented individual," said Mr Su, whose two-year contract ended on Aug 31. The SCCCI advertised last
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  • 388 1  -  By ELAINE KOH NATIONAL IRON and Steel Mills (NISM) yesterday raised steel prices for the third time this year by an average of 5 per cent or $42 per tonne across the board. This brings the total increase to 18 per cent so
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  • 680 1  -  MOVE EXPECTED TO DOUBLE SALES TURNOVER TO $100 MILLION By JOHN TAN YAMAHA MUSIC (Singapore) is planning a major diversification exercise, a move which is expected to double its current sales turnover of $50 million within five years. In the pipeline is
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  • 255 1 Reuter LLOYDS BANK pic is selling its US commercial banking business to Daiwa Bank Ltd for asset value plus US$2OO million, a joint statement said. The statement issued by Lloyds did not quantify the asset value, but sources at the bank
    Reuter  -  255 words
  • 549 1 THE REALITY of the day is that Asean is not ready yet to dis- i pertse with the security afforded < by the United States, a fact < which is underscored by Japan's < continued reliance on the super- I
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  • 130 1  -  By TAN LIAN CHOO PRIME MINISTER Ln Kuan Yew, accompanied by Mr* Laa, arrived in Bangkok yesterday tor a two-day visit and was mat at Don Muang Military Alrforce Basa by hia Thai counterpart. General Chatichai Choonhavan. Also at the airport to receive
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  • Page 1 Advertisements
    • 78 1 Nikon The World's Finest Photographic System. IIIIIUUESTUIIC THE NEW DISTANCE BALL H&&T i- ,s tPr 3 rr% i ry^ r> i c-5 i 5? I ?> -t5 I 1 A "«N. v>vyfs>r PHfCf />/ «<■- f. A,,f IfilPKfivy ivpvnor vct rrowers ■'■•'"-'•I fuiy coofcmw to RSA and USQA n*ng* Bridgestone,
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    • 218 1 Full report, PAGE 18 Regional Mkts, PAGE 20 mimim Editorial Comment An inspiring masterplan .12 Computer trad* 5 Disk drive maker extends base US aerospace 12 Banking and finance ...6 Private rocket industry may crash Amro, Generale Bank not merging European union 13 Health The bother about borders Fat Americans
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    • 71 1 Nikon I -H —h —L Increase productivity with Brother laser and computer printers, word processors,electronic typewriters and facsimiles. Visit our Middle Road Showroom or call 743-8000. Brother Business Mochines Showroom #01-02QSMBUWno(0»owidFloor). 141 Mktdtoßoad.Sing«Mr«o7lB «HB|IH 111 l #02 08 Greet Pacafc MkrahouM 7KaM BuMHoad2. Singapore 1441 74MM0 UMyu No IM* SCO«
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  • HOME NEWS
    • 463 2  -  LINEAR TECHNOLOGY WILL ALSO ASSEMBLE PRODUCTS HERE By JOCELYN TOH AMERICAN electronics firm Linear Technology Corporation has established a Singapore operation to test and package its standard linear integrated circuits. This is the company's first wholly-owned offshore subsidiary and test centre. In the
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    • 330 2 CREDIT CARDS issued by Nippon Shinpan, Japan's largest general consumer credit organisation, has become acceptable for payment of goods and services in Singapore. This development, which was first reported by BT last month, is the result of a tie-up between the Japanese
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    • 108 2 THE MINISTER for Foreign Affair* Wong Kan Seng will attend the annual United Nations General Aaaembly in New York from Sep 22 to Oct 5. The Singapore team to the General Aaaembly will include Mr Peter Sung, Minister of State for Foreign Affairs
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    • 751 3 ARRIVALS Operator Sorvfco Local f numbor Hmo Tom G«A SU SU THA KIM GU SVA SU GU THA CPA swt MAS MAS PU MAS LOT SU SU AIC n TtY SU GU ANZ GU SU MAS UL SU SU PAL MAS SU SU UT QFA SAS CAL
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    • 253 3 SINGAPORE'S petrochemical complex, already showing signs o♦ becoming more fully-integrated, gets another boost in November when a new $70 million plant begins commercial production. The plant, owned by The Polyolefin Company, will manufacture a high val-ue-added petrochemical used for electrical appliances and automobile
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    • 157 3 NEPTUNE Orient Lines (NOL) has invested $10 million in a new IBM computer system which will increase its computer processing power over the next few years. The local shipping giant yesterday signed an agreement with IBM Singapore to buy the new
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    • 394 3 SINGAPORE Land (Singland) has secured Hewlett-Packard as a major tenant for its Gateway project, aaid to be the largeet office complex in Singapore. HP Singapore (Salee), the local marketing arm of the American computer giant will take up 7,435 sq m (80,000 sq
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  • Page 2 Advertisements
    • 160 2 TT s,® f f *V-« ..I t>V f ■W£s *^f R r rrt f 3- > t K^Y#l II f >** iiaj The immediate, yet quickly forgotten pain you receive when you pay for a good quality office chair? Or, saving a few dollars and sentencing some poor unfortunate soul
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    • 25 2 'f\\^ Daiwa U) 1 9 m >' jk V V* 1 > r r;>; i»*~ y-' feiibr.- v, -J, +&OZZ-Z'-. AVAILABLE AT LEADING GOLF RETAIL OUTL! TS
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  • Page 2 Miscellaneous
    • 167 2 Qlobal tamparaturas and waathar foracaal for Sap It Abordoon 16/10 Wtndy Amtordom 20/12 Showtn Alhons 20/18 Sunny Awdriond 20/11 Swum Bangkok 33/27 Fair Hk<B 26/17 Cloudy ••Host 16/09 Rainy Mrmlnghom 16/10 Rainy Brawl 33/24 Fair Itmnli 21/12 Windy CMcogo 24/14 Sunny GopVigan 15/10 Shown Frankfurt 23/14 Sunny Ganova 24/13 Rroosy
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  • Page 3 Advertisements
    • 178 3 The business person's choice tytry Tuesday, Thursday, Socuraw and Sunday. Leaving Chang Airport at 1205 hours and arriving at La Guardia or Newark International Airports the fnHirrin. ro4 lowing aay. CmU your trtvti agent or Atr CmjuuU M 732 Bifs. A BREATH OF FRESH AIR FREIGHT LINKS EXPRESS congratulates SINGAPORE
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    • 332 3 THE HEWLETT-PACKARD WAY Computer Integrated Manufacturing (CIM). It's a vital method of increasing productivity and profitability. By computerising every aspect of the manufacturing cycle from design to production to order processing. Now the industry leader explains everything. In a CIM show no-one should miss Managing Manufacturing Challenges. Find out how
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  • FOREIGN NEWS
    • 333 4 Reuter MASAYOSHI ITO, the most senior Japanese to visit China since the crushing of prodemocracy unrest, tola Chinese Premier Li Peng the June events were China's "internal affair", the People's Daily said yesterday. Former foreign minister Ito, said by diplomats to
      Reuter  -  333 words
    • 152 4 AFP A SENIOR Iranisn official hss urged Japan to step up economic cooperation with Iran. Mr Hussein Khabbazan, head of Iran's export promotion centre, said if Japan took measures to complete its semi-finished projects in Iran, Iranian-Japa-nese bilateral ties would be strengthened.
      AFP  -  152 words
    • 217 4 Reuter TAIWANESE businessmen, flush with cash and facing severe land and labour shortages at home, have substantially boosted their overseas investments, the official Investment Commission said yesterday. Overseas investments Jumped to US$6O9 million in the first eight months of 1969 from US$l53 million a year
      Reuter  -  217 words
    • 406 4 AP WEST GERMAN Foreign Minister Hans-Dietrich Genscher has proposed a West European aid programme to support reforms in East Europe. Mr Genscher, speaking in a radio interview on Sunday, Compared his proposal to the US Marshall Plan that helped reconstruct Western Europe after
      AP  -  406 words
    • 398 4 AP THE UNITED STATES this week begins mapping out policy for its Pacific possessions, with a twoday conference to discuss issues of concern in the far-flung territories. The conference "will be an excellent opportunity for island leaders to lay their concerns on the
      AP  -  398 words
    • 285 4 Reuter ECONOMIC GROWTH in Africa recovered in 1968, contrary to the general perception that the continent is In unrelenting decline, but per capita incomes remain 15 per cent lower than they were a decade ago, the World Bank said on
      Reuter  -  285 words
    • 147 4 AP AUSTRIAN Vice-Chancellor Josef Riegler arrived in Indonesia on Sunday for a four-day official visit to enhance trade relations between the two countries. Mr Riegler and hia delegation, which consists of officials from the Foreign Ministry and the Federal Chancellory aa well aa busineeemen
      AP  -  147 words
    • 361 4 AP POLAND'S nsw, non-Commu-nist-led government feces the staggering task of reforming en economy thst has become so deeperate that workers are waking away from their )obe in diemay. Mazowiecki, the first non-Communist prime minister in the East bloc, says "society has no
      AP  -  361 words
  • Page 4 Advertisements
  • Page 4 Miscellaneous
    • 53 4 Doonesbury TBLLke HONESTLY, 5/P.PO YOU THINK rVBGCTT A SHOT AT THZsJOB* ARB YOUKIPCXN6 ITSINTHEBA6! TRUMP MXXP BE CKATf NOTTO HIRE- yOU FOR. HIS SHOUJ! PO YOU KNOW NO ONE HOT. A (MHO'S AU~ OXJPIdOFSOAP prnoN/NG Acn&seee. the Btsm USUAL BHHBOS FROM ME* THE OTHER A6BO& Wrs i f A i
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  • TECHNOLOGY
    • 851 5  -  (p(*> SQGKES -By JT RESOLUTION is a key component in all precision Instruments. In photography, resolution of the lenses is the all-im-portant factor. In vision systems, manufacturers talk about the resolution with which their products can perceive objects. And tor personal computer
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    • 500 5  -  US DISK DRIVE MAKER EXTENDS MARKETING BASE IN THE REGION By JAYARAM MENON HIGH-END disk drive maker Imprimis Technology has widened the scope of its Singapore marketing office. "We are now the regional marketing office for not only Asia but slso Australia and New
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    • 300 5 FOR DECADES the problem of keeping bombs off airplanes has been a nightmare for travellers, airlines end governments. Now researchers using sxotic technologies based on physics snd chemistry havs produced machinee that can spot explosives before they srs loaded on a flight. The new complex
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    • 139 5 NYT IN AN EFFORT to harness the power of computers to the problem of dirty air, Califomian officials voted last week to require new cars to carry bettor computers that will continuously monitor 10 pollution control systems and diagnose malfunctions. The regulations will
      NYT  -  139 words
    • 310 5 NYT INTEL CORP, the company that supplies the microprocessor for all personal computers of the IBM-PC genre, last week introduced a new chip that can parform two tasks at once. Priced from US$2l9 to US$325 depending on its speed, the 1900 CA microproceeeor la
      NYT  -  310 words
  • Page 5 Advertisements
    • 174 5 *1, v -V >. •>//" i W r W >» jV A* '//f /J c) C*a >* /.rff->v b y t s -v.. *->w foy,»< O* V* > > o-V ;H, r'» •>. 9 Jre \fcr: iS £3 *•'•'> ,--U •"'>"* v .I*' N r 'V ■> f X 'X
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  • BANKING AND FINANCE
    • 381 6 Reuter AMSTERDAM-ROTTERDAM Bank NV and Belgium's Generale Bank NV said yesterday they had abandoned plans to unite into a single European banking group, and had reduced cross shareholdings. Citing technical, legal and other problems, the banks said in a joint statement they had
      Reuter  -  381 words
    • 51 6 THE overnight rate on the Singapore money rose 1/8 point to 5-1/2 per cent yesterday. Term rates were all unchanged. S$ Interbank rates at the dose yesterdays Offtt MD OutSI/3 5 3/S 7i»n, S 1/4 5 2-W 5 t/4 S 1/8 5 1/4 5 1/« Ov«fnight mod* 5
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    • 96 6 Treasury bills Period Issue Yesterday's dosing Day's code Maturity MO OFFK HIGH LOW 3 months BQ*****A 14.12.89 4.33 4.28 4.31 4.29 6 months BS*****V 18.01.90 4.21 4.16 1 year BY*****F 24.05.90 4.33 4.28 Government notes and bonds Period Issue Maturity Coupon Yesterday's closing Day's code rate WO
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    • 197 6 Indicate* ttn imtiqc of Km prima itndbig i il>i of 12 ma|or banks In S'pora Interbank market rates (offer/bid) on Sep 18 us$ DM SWFC Y«n 7 4myt 1 <•* 12 t7/t *7/* 3/4 71* t 3/4 13/1*— 11/1* 13/1* 11/1* 13 7/t 13 3/4 14— 13
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    • 1503 6 SINGAPORE: THE US DOLLAR ended higher yesterday from New York where dealers saw a high of 2.0030 D-marks after a narrower than expected US trade deficit of US$7.5B billion was released and a sharp drop on Friday to a low of 1 9350 after central banks' intervention. profit-taking
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    • 235 6 IMM currency futures ended Friday sharply higher after reversing direction late in the session. Traders reported a panic on vague rumours that some banks had sustained large foreign exchange losses. The market reversed a sharp drop and traders said pit conditions turned chaotic as traders scrambled to shift positions.
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    • 166 6 Asian dollar dap oeit rates andad at or naar thair opaning levels after thin trade yesterday. us$ Oftt MO 7 doyi 7/9 1 MMk 9 7/9 IS/14 13/14 3 muntm 7/« 3/4 4 Mania 9 7/9 3/4 9 moHtm 9 13/U 11/14 12 mart* 13/14 11/14 S
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    • 510 6 EURODOLLAR futures ckMed steady to slightly higher in Singapore yesterday on buying interest and position adjustments, dealers said. Operators were cautious and hesitant to open large positions ahead o< the upcoming International Monetary Fund meeting, and the expected Group of Seven gathering. September Eurodollar closed at 91.10 above Chicago's
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  • Page 6 Advertisements
    • 180 6 RESOURCE COMPLEX (Segambut, Kuala Lumpur) Where Modern Warehouse/Factory Technology Works For You! V'. m W J i RESOURCE COMPLEX is a My equipped 6-storey industrial complex strategically sited in the Segambut Industrial Area, a location close to Kuala Lumpur city, railway station, Port Kelang and Subang International Airport. It is
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    • 70 6 One may liken the new Samsonrte Focus Attache to a sports car. Its streamlined grip, smooth curves and sturdy magnesium frame make for superb handling. And eye-catching futuristic looks. Its scratch-resistant shell is but one of its many high-tech innovations. Proving once again, that the Focus Attache 5 ahead of
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  • Page 7 Advertisements
    • 317 7 Nixdorf introduces the smallest, smartest POS system in the world. •e space istooeW*. Actual size of Nixdorf POS 2000 David In computer design, smallness is no abstract virtue. Small equals smart. Small equals fast. Small equals state-of-the-art. And in this case, small equals portable. Which is a major advantage for
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  • MONEY AND EXCHANGES
    • 1265 8 V CURRENCY FUTURES OPTIONS Monday, Stptmbtr 18,. 1989 oeuroc 1fM*WK (SHHEX) t" I t I 1 t w Lmm Ml ir Mfh LM we nign -33 EM YIN (MUX) V •MMMM N i I 1 M MNP Lew um *.71 •.72 *•73 t'TJ IMM Friday, September 15, 1989 J.HIDSH
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    • 110 8 Reuter TAIWAN'S Finance Minister said the government cannot begin to sell off its shares in three state-run commercial banks until it decides which of its branches actually owns the stock. Shirley Kuo said at a news conference the First Commercial Bank, Hua Nan Commercial Bank and Chang
      Reuter  -  110 words
  • Page 8 Advertisements
    • 136 8 It's practically impossible to pilfer a store which installs the Knogo System. which are easy to apply and difficult to remove. They can't be shielded by the ether it's a department store, a supermarket or just a corner-shop. ■if body and they remain effective even when concealed. Whatever the Whether
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    • 88 8 JLW Residential For Sale by Tender En-Bloc CAIYUAN MANSION DAT O H JAL A N BALESTI r 4. A f r- i 5-storey residental building comprising 10 apartments with lift. Comprises one studio (approx. 50 sq m) and nine 3-bedroom (approx. 112 sq.m). 10 mins to city centre and easy
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  • Page 9 Advertisements
    • 252 9 OURS IS THE FIRST COMPUTER BUILT TO BE YOUR LAST. An investment should grow more valuable with time, not less. That's why we created a computer that actually defies obsolescence. A computer with the future built-in. The Wearnes Boldline M Series is the world's first ■personal computer with a built-in
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  • COMMODITIES
    • 357 10 CENTRAL BELT FAR FROM DEPLETED, SAYS GEOLOGICAL SURVEY REPORT Bernama THE PROSPECTS of locating new gold deposits in the central belt of peninsula Malaysia once a centre of gold-mining activity are promising, according to the latest annual report of the Malaysian Geological Survey
      Bernama  -  357 words
    • 731 10 Bernama THE WORLD vegetable oil market la expected to stage a broad recovery in 1909-90 when production is forecast to reach a record 54.3 million tonnes as output in the US, Argentina, the EC and Malaysia expands. World production
      Bernama  -  731 words
    • 656 10 FT MALAYSIA'S pslm oil Industry is having to fsce up to s growing list of enemies. For some years, it has been the targst ol s no-hoids-bsrrsd campaign by American soybean oil producers alleging heslth problems. Now, it is struggling also to
      FT  -  656 words
    • 130 10 WNGAPORE: Rubber prices closed easier yesterday with October 1 RSS buyer quoted at 160.50 cents s kg. Prices fell on long liquidation in both morning and afternoon sessions. On the TSR-20 Awsrd market, prices weakened in thin trade on selling interest. October buyer closed at 140.00 cents a kg.
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    • 150 10 RAS prices mmm NOON CLOSE luyon hi 1 RSS from** ***** tot 1 RSS Oct ***** Int 1 RSS Nov 173.00 tot 2 RSS Of 168.00 tot 3 RSS Of ***** tat 4 RSS Of 156.00 Ir* 5 RSS Of 152.00 S^Nors *****N ***** 174.00 170.00N 166.00N 158.00N 154.00N
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    • 29 10 (c«*l/k«) OCTOMR 1909 fnnnig i,jj, NOVEMSBt 1989 RAS icurrifw iimrii/ NOON (forward tnonlh) NOON S#A#o Sdcn SSI 30 158.50 IA0.50N 159.50 161.SON SS» 90 156-50 15S.50N 157_50 159JON
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    • 158 10 CtiliMM Produce Exchange jt'wn noon doting p rtcat on Sfmmbm 18 (SS/100 kg) Coconut oil Mi FOt 93.50 Old 6mm FOt 103.50 Ntw drum FOI 107 JO Copra Mixed (loo**) 51.00 Pepper FOi NLW 490.00 Sorawok eWtt FOt foq Nl W 480.00 jorowcw tpvooi Modi KM NtW 390.00
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    • 214 10 AP EFFORTS by Abu Dhabi to eecure Tokyo's agreement to allow the Quit emirate to invest in Japaneee oil reflneriee have deadlocked, oil industry sources reported. Two ■■■■ions of intensivs talks rssched stalemate after the emirate refected three Japaneee conditions; ensuring Japan competitive oil pricee,
      AP  -  214 words
    • 148 10 Telerate PRICES of high sulphur fuel oil were little changed in light dealings yesterday. Traders ssid the msrket remained unchanged, characterised by ample supplies of fuel oil in the near term. As a result, sellers' indications were likely to eaee with buyers expected to hold off
      Telerate  -  148 words
    • 382 10 HONGKONG: Gold closed at the day's low in moderate trading yesterday on profit-taking by local inveetors due to a firmer US dollar. "US and European speculative selling helped depress the metal despite light demand by Australian traders at (the) US$36O level," a dealer said, investors were welching the
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  • Page 10 Advertisements
    • 161 10 At the Carlton Brasserie, you don't have to be French. Just curious r M ¥M\\\ I Discover why the informality and fnendliness of the traditional French Brasserie is one of France's greatest exports to the world Of course we've added a few touches of our own to give it, what
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    • 140 10 INVESTING IN WESTERN AUSTRALIA EXPLORATORY BUSINESS TOURS A series of exploratory tours to Perth. Western Australia will be organised by CEC Consultants Australia Pty Ltd during 1989/1990. The tours will include information seminars presented by the Western Australian Government (Ministry of Economic Development Trade) covering business establishment, trade and investment
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  • Page 11 Advertisements
    • 203 11 OUR PRODUCTION MANAGERS ALWAYS RECEIVE THEIR JIT. STOCK SCHEDULING FOR COST EFFICIENCIES. I -''W.. 1 tmja l- si gM|M pv 4? f,l SWPSI^&^s M 3 '■:■> i l ft? j&KhrJ^' -il Prtt£.T*->V; BUT ONLY BECAUSE I GAVE THEM AT&T's EFFICIENT TELECOMMUNICATIONS SYSTEM. Just-In-Time Manufacturing can cut production costs dramatically. But
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  • PERSPECTIVE
    • 465 12 ONE OF THE harsher realities that Singaporeans have come to accept as a fact of life is that the island's size places an absolute upper limit on growth. Though that limit is decades away, it is not inspiring. Last week, the National Development Ministry unveiled part
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    • REGIONAL VIEWPOINTS
      • 268 12 public*bona htvt lo My ibout JAPAN "TAXES will be the major political issue both in Japan and the US this autumn. In Japan, the consumption tax will be the subjsct of confrontation between the ruling and opposition parties in the extraordinary session of the Diet, which
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      • 429 12 MALAYSIA THERE'S NO DOUBT at all that the property sector has been making a rather slow but sure recovery from its recent downturn. According to Deputy Finance Minister Datuk Loke Yuen Yow, 1968 (the yeer of recovery) had more than 150,000 property transactions worth MsB-5 billion whils
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      • 206 12 KOREAN REUNIFICATION PRESIDENT ROH TAE-WOO has announced s series of proposals to begin the process of Korean reunification, but his plan has littls chance of success. It is much more a reflection of domestic political pressurs than a realistic attempt to achieve significant progress in relations
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      • 230 12 SOVIET UNION "THE GREATEST THREAT to change in any society, be it in the East or the Weet, is the feer of change itself. The manifestations of such a dilemma are now weighing on the Soviet leader, Mr Mikhail Gorbachev, with both conservative snd liberal forces expressing
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    • 762 12 NYT AMERICA'S fledgling privste rocket industry could fail in the next few years unless extraordinary steps sre taken to insure its survival, aerospsce experts say. The enterprise, which placed its first satellite in orbit last month, has fostered great optimism. But it is
      NYT  -  762 words
    • 964 13 THE EUROPEAN UNION 1992 ft The Economist "EUROPE without frontiers" it what many Europeans believe they will wake up to on January 1 1903. They will be disappointed. A pathfinding group of five European countries has discovered just how big a surrender of sovereignty is implied
      The Economist  -  964 words
    • 983 13 Is Doi failing in bid to make Socialists a believable party JAPAN The Economist WITH ONE FOOT snared by the pest, it is herd to keep s steady eye on the future. So Mies Takako Doi found this week. Miss Doi leads the Socialists, Japan's biggest opposition party. A popular
      The Economist  -  983 words
    • 539 13 FRANKFURT MOTOR SHOW Reuter BMW's powerful new luxury car has been the star attraction at the Frankfurt Motor Show but it was a renewed threat from Japan that most impressed, and worried, European car manufacturers. The show, held every two years for the world's
      Reuter  -  539 words
  • Page 12 Advertisements
    • 51 12 TOPPING OFF TOD •1 X x\ s N N r s > w x THE GATEWAY > 'TV S ivaiiahit.' 1> r an early r!V' \> ill ur.nvai".-<: it* *ht re?t Tht < iaU'wav. A > it*\ t'i'»; ir.er.t < )n schedule Tht Id ■nwr it j »rr> -'A t
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  • Page 12 Miscellaneous

  • Page 13 Advertisements
    • 50 13 TOPPING (>FF TODAY I N t f A THE GATEWAY Singapore s r is available for k:i. ri_ for an early U*' 4 enjoys an unrivalled ><- outside the restrct- The (iatewav. A .>i e development v. On schedule n. The Gateway -.•lose to the CRD. >nvenient access, lorrou bv'LM
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  • LIFESTYLE
    • 361 14 AP MORE THAN A THIRD of the millions of Americans who suffer from serious sleep disturbances may also have psychiatric difficulties, including depression and panic attacks, a study indicates. Researchers who analysed data on 7,954 people found that 40 per cent of those
      AP  -  361 words
    • 355 14  -  IHEALTH By DAVID LAWSKY Reuter AMERICANS are among the i fattest people in the world, and doctors at the annual meeting < of the North American AssociaJ tion for the Study of Obesity think they know why. Or George Bray, professor at Louisiana State University's
      Reuter; PUNCH  -  355 words
    • 775 15  -  CINEMA By DONALD CHASE NYT LAST WEEK, after four gruelling months that included location work in Japan and New York, the director Ridley Scott waa completing Black Rain at Paramount Studios, on a hi-tech-with-Oeco-accents hostess-bar set that is supposed to be in Osaka.
      NYT  -  775 words
    • 561 15  -  TRENDS By ANNE SENIOR Reuter THE NEAT little cottages lining a quiet Illinois grove look the picture of suburban normality. But they are more a shrine to the senses than average family homes. The 40 cottages on the site make up the
      Reuter  -  561 words
  • Page 14 Advertisements
    • 766 14 Where tv entertain... Where tv entertain... Where to enterttin... Where to vmdH^mou^ ■■■it i For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations, *****10 or *****85 ext *****/6. The WisriN Pi a/a Westin Honisimwiin LOBSTERS 1-30 September fa A pi
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    • 203 14 M LOVE AffAIR IN GUANGDONG QKB Thirty-three jmj tempting dishes mEt from Guangdong to tantalize your taste buds. Savour the subtle flavour of each, lovingly coaxed out and brought to perfection by our masterchefs. Staged daily at the Pine Court of The Mandarin Singapore. Guangdong Buffet Lunch 1 30 Sept
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  • Page 15 Advertisements
    • 175 15 r entertain.. El Lobster Galore, The Unkai Way. From September 4to 29, Chef Yamagucbi present* tantalizing lobster specialities for lunch anddinner ui bis own inimitable style. Mouth-watering Fresh Lobster Sashimi, Grilled Lobster with Salt, Peppered Lobster, succulent Lobster in Sake with Vuiegar Sauce and many others, each masterpiece, a delight
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  • Page 15 Miscellaneous
    • 653 15 CRYPTIC PUZZLE ACROSS 3 Some picnic held in a little corner (5) 8 Are these planets not very old? (5) 10 He takes a girl round half the town (5) 11 To figure as a cat (3) 12 Holiday travels all in place (5) 13 The war gave this flier
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    • 1285 15 TV and RADIO r 1 and Ms teem d pop OUR CHOICE CULTURAL MOMENTS, 9.30pm, SBC 12 (I) Beliet Folkforico De Mexico (Part 1). Mexico's rich cultural heritage It brought to life by Amalia Harnandaz's Ballet FoHUohco. Their performance will include Hems from Aztec ritual# to popular regional folk dances.
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  • SPORTS
    • 423 16 MOTOR-RACING ROTHMANS HONDA star Eddie Lawson retained his 500 cc world crown with a brilliant display in the final round of the 1989 series on Sunday. So comfortable was his leading margin on arrival at Goiania, Brazil for the final battle of the
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    • 241 16 AFP JUHA KANKKUNEN of Finland and Sweden's Kenneth Eriksson made it a Toyota double in the Rally Australia, which finished in Perth on Sunday. Kankkunen, the former double world champion, led from start to finish in the four-day race, but it was Eriksson,
      AFP  -  241 words
    • 167 16 ATHLETICS AP FRENCHMAN Christian Plaziat won the decathlon on Sunday at the International Track and Field meet in Talence, France, defeating US world leader Dave Johnson. Plaziat, fifth in the Olympics last year, finished with 8.438 points. Johnson was second with 8,381 points. He has the
      AP  -  167 words
    • 403 16 GOLF AP ARGENTINA'# Eduardo Romero from Argentina snatched a late victory in the U*****,000 Lancome Trophy in France on Sunday and was moved to tears. It was the first-ever title in Europe for the 35-year-old from Cordoba and the U*****,500 winner's cheque was easily the
      AP  -  403 words
    • 221 16 AFP BLAINE McCALLISTER birdied his final two holes in Sutton, Massachusetts, on Sunday to break out of logjam at the top and capture the US$7OO,OOO Bank of Boston Classic. McCallister, who lost to Gene Sauers in a play-off in 1966, fired a five-under-par 66 in his
      AFP  -  221 words
    • 335 16 BOXING AP THERE WERE a couple of nmr wrinkles at the World Amateur Boxing Championships on Sunday night Teofilo Stevenson appeared as a coach and a computsr scoring system was used. The 38-year-old Stevenson, who won two world titles and three Olympic gold medals
      AP  -  335 words
  • Page 16 Advertisements
    • 638 16 o There's an easy way to mix business with pleasure Subscribe to Business Times How would you like to keep abreast of the latest business developments and at the same time enjoy a few rounds of golf? Just subscribe to Business Times anytime before November 15,1989, and you stand a
      638 words

  • COMPANIES & STOCK MARKETS
    • 335 17 WEARNE BROTHERS Ltd, car distributor turned Singapore multinational, has formed a joint venture to undertake the distribution, servicing and repair of Jaguar cars in Tsiwan. The joint venture with Jaguar Cars Overseas Holding Ltd (JCOHL) and Forall Investments Ltd, subject to approval of
      335 words
    • 525 17  -  By HERMAN PHUA CITY DEVELOPMENTS Ltd, the property arm of the Hong Leong group, has posted a concrete performance for the half-year ended June 30, 1888. Group profit after tax grew by 31.6 per cent to $10.88 million from $8.35 million in the
      525 words
    • 334 17 SEMBAWANG CONSTRUCTION Re Ltd, a wholly-owned subsidiary of Sembawang Shipyard Ltd, has clinched $13.4 million worth of contracts recently, sending its order book upwards of $100 million. The first contract, worth $6.4 million, from the Housing and Development Board is for the
      334 words
    • 293 17 DIVERSIFIED Kumpulan Emas Bhd is embarking on a construction-contracting joint venture as part of its expansion drive. Through wholly-owned subsidiary Salcon Engineering Sdn Bhd, it has set up a joint venture with Mr Joseph Chong Wan Ping to participate in Kejuruteraan Rayaat Sdn
      293 words
    • 543 17  -  By WILLIAM CHIA IN A RULING which sets the tone for future mortgagee sales, the High Court has granted an injunction to restrsin mortgagee bank Societe Generate from selling the Octagon Building. The decision yesterday by Justice LP Thean to grant the
      543 words
    • 533 17 BENEFITING FROM improved commodity prices, diversified plantations group Boustesd Holdings Bhd has turned in sparkling year-end results. This was reflected in the strong showing by its three listed plantation subsidiaries Malakoff Bhd, Kuala Sidim Rubber Co Bhd and Selangor Coconuts Bhd which accounted
      533 words
    • SES
      • 1125 18  -  ■by KEVIN GWEE THE SINGAPORE stock market succumbed to profit-taking yesterday, causing prices to fall on a broad front in moderate trading. Prices rose at the outset, aided by a small rise on Wall Street on Friday, but succumbed to profit-taking from mid-morn-ing.
        1,125 words
      • 297 18 Monogers' prices for S»p 19 Singapore Unit Trust Tho Coamrc* 1.22 1.29 Th« Savingi Fund 107 1 13 S pore frog Fund 0.47 0.51 S'por* W Fund 0.76 081 S'por* Invwt Fund 084 089 S'por* Equity Fund 0.57 061 Asia Unit Trust Mol Invnst Fund Ul 1.70 Mol
        297 words
      • 50 18 THE AYER HIT AM PLANTING SYNDICATE BERHAD: 78th AQM at 4th Floor, Bangunan Yee Seng. No. 15 Jalan Raja Chulan, ***** Kuala Lumpur, today at 3pm. TONGKAH HOLDINGS BERHAD: EGM at the Raya Room. Hotel Equatorial, Jalan Sultan Ismail, ***** Kuala Lumpur, on Sep 21, Thursday, at 10am.
        50 words
      • 6277 18 Gr s Gr'a 1M n Tal Last Vol Day Laat Quote DW Dhf Y*ld Nat M Cap High Low Cod* Company Sale orfOOO) High Low Buyer 9 C'vr PIE Smll SEP It SESDAQ 275 120 t 4000 Amtek Eng 20* 268 -4 46 271 267 269 271
        6,277 words
    • COMPANY NEWS
      • 639 19 Group's interim pre-tax profit doubles Bernama PILECON ENGINEERING Bhd has proposed a one-for-one rights issue, a special issue of Ms2o million in 5 per cent convertible unsecured loan stock (CULS) and an employees' share option scheme. The company, which also announced a 100 per
        Bernama  -  639 words
      • 427 19 Bernama INVESTORS on the Kuala Lumpur Stock Exchange are advised to practise a "hit-and-run" strat- egy these two weeks, as prices on the Malaysian bourse have reached their peak, a technical analyst with a leading stockbroking firm in Malaysia said. "The best answer
        Bernama  -  427 words
      • 115 19 FIRST ALLIED Corporation Bhd (FACB) has requested the suspension of its shares on the Kuala Lumpur Stock Exchange with effect from 10 am today. FACB said the suspension was in view of its current plans for a capital restructuring proposal. EMTEX CORPORATION Bhd has agreed to sell its
        115 words
      • 470 19 LIEN HOE Corporation Bhd's wholly-owned subsidiary,' Bondmark Sdn Bhd, has agreed to buy GIB Property Sdn Bhd from Granite Industries Bhd for Ms6s million. The acquisition is part of a restructuring exercise that Lien Hoe is undertaking. Lien Hoe, formerly
        470 words
      • 310 19 Bernama SYARIKAT Permodalan Kebangsaan Bhd (SPK) intends to enlarge its equity in plantationbased Gadek Bhd in which it currently holds about 28 per cent stake. The investment holding company is also looking for other areas of business opportunities
        Bernama  -  310 words
      • 703 19 MBT THE MWE group, whose main product is spun yarn, is developing another product mediumcost apartments. Sources said earnings from property development can form 20 per cent of the group's total earnings in the financial year ending Dec 31. An emphatic move into the
        MBT  -  703 words
    • REGIONAL MARKETS
      • 404 20  -  By FOO CHOY PENG, Hongkong Covrospondont HONGKONG'S securities regulators have recast and fine-tuned the criteria for registering securities and futures intermediaries in a move to ensure that those in the business are fit and proper to advise investors. In a consultative document released yesterday,
        404 words
      • 99 20 Reuter HONGKONG'S Indosuez Asia Investment Services Ltd has launched a US$5O million London-based fund for investment in Manila stocks. "The fund is closed-end and is the first Philippine fund for international investors to be listed in the West," the company said in a statement yesterday. "We
        Reuter  -  99 words
      • 258 20 Reuter HONGKONG-BASED trading house Swire Pacific has negotiated its first underwritten loan, a fiveyear HKSI.S billion facility in the form of transferable loan certificates. Swire spokesman David Bell confirmed Hongkong press reports that the issue will be priced at 25 basis points abeve the Hongkong
        Reuter  -  258 words
      • 114 20 Reuter HONGKONQ-LISTED Wing On Co Ltd has agreed to sell 40 per cent of its whol-ly-owned department store chain to Tokyo-listed Seiyu Ltd for HK$356 million in cash. Hambro Pacific Ltd, Wing On's financial adviser. said the two companies signed a conditional agreement
        Reuter  -  114 words
      • 246 20 AFP CHINA'S biggest investment agency, hit by a US$5 million fine last month for business irregularities, has forecast a drop in profits this year, it was reported in Beijing on Sunday. Yang Quangqi, vicepresident of China International Trust and Investment Corp (Citic), told the
        AFP  -  246 words
      • 529 20 Tokyo Reuter HIGH BOND YIELDS and a roller-coaster currency market kept many Investors away from the Tokyo market yesterday, letting share prices cioee firmer in thin trade after a mostly mixed day. At leeet two foreign arbitrageurs propelled the Nikkei up several times, brokers said. "Investors are sidelined
        Reuter  -  529 words
      • 477 20 Sydney Reuter THE AUSTRALIAN share market closed marginally firmer yestsrday after wandering listlessly tor most of the day, brokers said. The All Ordinaries Index ended 2.2 points up at 1,735.8. Dealers said the market was waiting for further direction from Wall Street which managed a 9 69point gain
        Reuter  -  477 words
      • 1221 20 Hongkong SHARE PRICES ended firmer in active trade yesterday but profit-tak-ing by local and Taiwanese investors dragged the Hang Seng Index off the day's high of 2,679, brokers said. "Investors remain cautious and many of them are looking for quick return on their investments,"
        1,221 words
      • 161 20 Reuter PHILIPPINE shares closed mixed yesterday as commercial and industrial issues were firm while others eased due to prof-it-taking, brokers said. The Manila Stock Exchange Composite Index slipped to 1,138.44 points, down 6.38 from last Friday's close. Commercial and industrial stocks rallied as investors welcomed a government
        Reuter  -  161 words
      • 225 20 Reuter SEOUL STOCKS lost ground in moderate trading yesterday on market rumours that the government was planning to issue bonds to siphon off excess liquidity caused by the Full Moon Festival, brokers said. The composite index stood at 953.17 before the close, shedding 8.32 points from last
        Reuter  -  225 words
      • 223 20 Reuter THAI STOCKS took a dive on heavy profit-taking on smaller speculative issues and selected mining and banking counters yesterday, brokers said. The SET Index fell 16.59 points to close at 695.48 in very active trade. Losses outnumbered gains 116 to 9. Most actively traded were Pa-
        Reuter  -  223 words
      • 402 20 Reuter THE TAIWAN stock market closed st s new high after big players and small Investors rushed to buy and push the market index higher, brokers said. The weighted index jumped 77.68 points or 0.73 per cent to cloee at 10,672.08 againat Saturday's 10.504.4 finish. The previous
        Reuter  -  402 words
      • 170 20 Reuter THE NEW ZEALAND share market closed easier yesterday on light volume but leading stocks were mixed, with some rising against the trend. "The market had Monday itis," one broker said. An absence of foreign buyers and choppy trading on Wall Street last Friday had discouraged investors,
        Reuter  -  170 words
      • 122 20 Reuter BOMBAY SHARES yesterday dosed firmly in sluggish trade after being mixed for most of the day. brokers said. The market was subdued st the opening after higher prices in Bombay triggered selling from upcountry operators. Local dealers were mostly on the sidelines, with attention centred on
        Reuter  -  122 words
    • INTERNATIONAL COMPANY NEWS
      • 528 21 INTERNATIONAL SERVICES and marketing group Inchcapa pic has turned in a post-tax profit of £47.9 million for the six months andad June 30, 23 per cent higher than 1988 interim reeults. The group's turnover roee to £1.42 billion from £1.17 billion. Qeorge Turnbull,
        528 words
      • 484 21 Reuter ANGLO-FRENCH financier Sir James Goldsmith has won more time to tackle a US regulatory challenge to his £13.5 billion (US$2l billion) bid for tobacco and financial services giant BAT Industries. Britain's Takeover Panel said Mr Goldsmith could contest a California
        Reuter  -  484 words
      • 553 21 Reuter LONOON: UK shares were mainly a few pence lower in cautious new account trading early yesterday after last week's declines and yesterday's batch of UK corporate results. Traders noted the latest monthly survey by the Confederation of British Industry, which forecast UK manufacturing output growth was
        Reuter  -  553 words
      • 105 21 HONGKONG Hongkong Index Monday 1.723.05 Friday closed Woott 090 1,724 68 Hong Seng Index Monday 2,648.21 Friday closad WMk ago 60 TOKYO Nikkei Average Monday 34.472.54 Friday closad WMk ago 34,113.66 TOPIX Monday 2.***** Friday WMk ago 2,578.76 SYDNEY All Ordinaries Monday 1,735.6 Friday '.733.4 WMk ago 1,756.4
        105 words
      • 741 21 Idea aims at overcoming problem of 'enormous goodwill' NYT WALL STREET has found a new way to merge two companies without penalising earnings. It has yet to come up with a fancy name for the idea, now known as "a non-monetary exchange of assets
        NYT  -  741 words
      • 251 21 Reuter BRITISH defence electronics firm Ferranti, probing irregularities in a major US-based subsidiary, is talking to foreign companies about a possible rescue package, British newspapers said yesterday. The Daily Telegraph said Ferranti, which suspended dealing in its shares last Monday to investigate irregularities
        Reuter  -  251 words
      • 477 21 NYT SIGNIFICANT obstacles have developed in RJR Nabisco Inc's efforts to sell portions of its Del Monte subsidiary to Citicorp Venture Capital, sources said. Earlier this month, RJR Nabisco and the Citicorp unit were close to striking a deal
        NYT  -  477 words
      • 483 21 Reuter THE ROCKEFELLERS want to sell Rockefeller Centre; Sears, Roebuck and Co can't sell its Sears Tower. Bloomingdales, the world-re-nowned retailer, is for sale, with the real estate on which it stands. "The 'hidden values' in real estate have been unhidden and they're
        Reuter  -  483 words
  • Page 17 Advertisements
    • 65 17 This announcement appears as a matter of record only Uni Group, Inc. A subsidiary of Unicord Co.. Ltd. of Thailand has acquired Bumble Bee Bumble Bee Seafoods, Inc. The Pillsbury Company A subsidiary of Grand Metropolitan PLC The undersigned assisted in the negotiations, acted as financial advisors to, and arranged
      65 words
    • 756 17 r itHISTORY IN TIME l \clusivel\ at The Hont C .lass HARIMAU INVESTMENTS LIMITED (Incorporated in the Republic of Singapore) 2.95 ct* 551.85 2.14 cts 551.71 UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 1989 The Board of Directors of Harimau Investments Limited is pleased to announce the unaudited
      756 words



  • Page 20 Advertisements
    • 276 20 NOTICES MiTriTniim i mi I Golden Triangle, Kuala Lumpur 44 Luxurious Apartments Fully Let. Freehold Property I PL. EM M lJ «K "hA fWf Knight Frank Mlßaillieu I taOACMIh(.E 101 MALAYSIA: I6OIFI MUPlaia. Jin P Ramtee ***** Kuala Lufflpui let: (03) *****22 Fa>: (03) *****45 Knftt Frank Oiaenf HockChyaAßaillieu 16
      276 words
    • 163 20 OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Llan Hoat Shipping Co Pte Ltd, 10 Anaon Road, #14-19/20 International Plasa, Singapore 0907, hereby give notice that In oonsequence of the Intended change of name of ship. We have applied to the Registrar of Singapore Ships, under Section 417 of
      163 words

  • Page 21 Advertisements
    • 275 21 PILECON PILECON ENGINEERING BERHAD (Incorporated In Malaysia) UNAUDITED RESULTS For the six months ended 30th June 1989 The Board of Director* of Pilecon Engineering Berhod is pleased to announce the unaudited results of the Company and of the Group for the six months ended 30th June 1989. group company Half
      275 words

  • 640 22  -  AGREEMENT INVOLVES $44.4 m PURCHASE OF LITYAN COMPANIES By KEVIN GWEE THE LITYAN GROUP is staging a reverse takeover of Acma Electrical Industries Ltd through an injection of four electronics and computer related companies in exchange for shares which will give it a near
    640 words
  • 392 22 NYT DENG XIAOPING has named the Communist Party general secretary, Jiang Zemin, to be his heir as China's paramount leader and called on the rest of the Chinese leadership to back his choice, according to a confidential report of two "informal
    NYT  -  392 words
  • 170 22 AFP THE SITE of Hongkong's congested international airport will provide a five-year supply of new development land after the government builds a replacement airport in the 1990'5, a Brit-ish-owned brokerage firm said yesterday. The government is widely thought to
    AFP  -  170 words
  • 316 22 AFP SINGAPORE'S offer to the United States military to use its port facilities was likely to be a limited one that could prove "sensitive" for Indonesia, Defence Minister Benny Murdani said. Mr Murdani, speaking at a parliamentary hearing in Jakarta, ruled
    AFP  -  316 words
  • 182 22 AFP A SPOKESMAN of the small Indonesian Democratic Party has called on President Suharto to run for a sixth presidential term in 1993, the English language newspaper Jakarta Post said. "There is no political leader, including within the armed forces, who can carry
    AFP  -  182 words
  • 347 22 Reuter CHINA announced yesterday It has brought inflation down to its lowest level in 17 months, but the success will cost banks and the budget dearly. Figures published by the Peop/e's Dally showed urban prices at the end of August
    Reuter  -  347 words
  • 316 22 SINGAPORE end the Weet German state of Baden-Wurttemberg are natural partners who could work together to penetrate new markets in the increasingly global economic environment, said the state premier last night. Here on a stop-over between Indoneeia and Japan, Dr Lothar Spath
    316 words
  • 314 22 MANY FILIPINOS srs "dreaming of a Lee Kuan Yew" so thst their country can be as prosperous ss Asis's successful economies, says Denial Lacson Jr, governor of the Philippine province of Negroe Occidental. Because, if s country has s strong leader and government, many
    314 words
  • 78 22 COMEX gold futures were lower in early trading yesterday following an easier London market. Commission house selling dropped values at the open and bottom-picking was apparent at the lows, traders said. At the open, December gold slipped to a low of U*****.00 an ounce before recovering slightly to
    78 words
  • LATE FILE
    • 36 22 Reuter TAIWAN authorities raided 10 undarground invaatmant firms yesterday the biggaat ooa-day move againat the illegal banks aince a new law waa pawid In July, said a Bureau of Inveetigation spokesman. Reuter
      Reuter  -  36 words
    • 39 22 Reuter THE US Adminiatration intends to eliminate voluntary restraint arrangementa which aets limits on imports in the steel industry by March 1002. US Trade representative Carta Hills lokl a news conference yesterday. Reuter
      Reuter  -  39 words
    • 46 22 Reuter THE US on the eve of a conference on how to atop the laundering of huge, illicit drug profits rtreassd yesterday it did not plan to bully foreign banks or clog up the financial system, said a US Treasury Department official.
      Reuter  -  46 words
    • 37 22 AFP INDONESIA will mm various rules on trade with the Soviet Union following a first-ever visit to Moscow by President Suharto last week. Coordinating Minister tor Economy Radius Prawiro said yesterday.
      AFP  -  37 words
    • 40 22 AFP HANOI-backed Cambodian Premier Hun Sen will arrive in Bangkok today or tomorrow for a one-day visit to discuM s Thai plan for a ceasefire in his war-torn nation, an informed source Mid yesterday. AFP
      AFP  -  40 words
    • 39 22 AP INDIA and Sri Lanka yesterdsy ended s diplomatic deadlock by signing an agreement in which an estimated 42,000 Indian peecekeeping troops will Imvs this violence-wrecked island by the end of the year. AP
      AP  -  39 words
    • 36 22 Reuter AUSTRALIA'S airlines resumed a skeleton service with their own aircraft yesterday as a handful of pilots broke from their strike to work with one of the carriers, an industry spokesman said.
      Reuter  -  36 words
    • 35 22 Reuter THE Japanese economy remains robust, "with few areas of concern", end the trend will continue into the first quarter of 1990, the Finance Ministry said in a report released yesterday.
      Reuter  -  35 words
  • Page 22 Advertisements
    • 329 22 PROPERTY DEVELOPMENT INVESTMENT Latest Trends Opportunities 23 October Hilton International Singapore A major conference for all players in local, regional and international property markets. Evaluate new profitable opportunities with the outstanding panel of successful entrepreneurs and top advisers Dr Bungo Ishizaki, Senior Investment Adviser, EIE Prof Lim Lan Yuan, President,
      329 words
    • 93 22 SAIGON restaurant Unfolds the old world charm of exquisite Vietnamese dining. A unique blend of Vietnamese, Chinese and French cuisines creates a distinctive taste exclusive to the Vietnamese. With emphasis on freshness and lightness, every meal promises to be a hearty yet healthy delight Value for money set meal at
      93 words

  • SHIPPING TIMES
    • PORTSIDES
      • 137 23 THE PORT of Singapore Authority yesterday presented scholarship awards for 1989/90 to seven students. Three are pursuing their first degree Tham Kuo Wei (National University of Singapore), Miss Serena Cheah Li Ching (NUS) and Yap Kian Woon (Nanyang Technological Institute) while another two, Thiagu s/o Etti
        137 words
      • 96 23 SHIP TO SHIP TRANSFERS of bunkers between licensed port limit tankers in Singapore are now permitted at any of the petroleum anchorages except Eastern Petroleum "B" Anchorage, which is meant for vessels above 50,000 grt receiving bunkers, says the Port of Singapore Authority. There will
        96 words
      • 76 23 AP A PANAMA-REGISTERED CARGO SHIP sank in the Red Sea last Sunday after rescue teams failed to salvage it. The Safir, a bulk carrier transporting 14,700 tons of phosphates, rammed a coral reef last Wednesday on its way from Aqaba to India. The collision tore
        AP  -  76 words
      • 64 23 AFP A JAPANESE PATROL BOAT rescued the crew df a South Korean freignter on fire off the coast of western Japan yesterday. Japanese Maritime Safety Agency officials in Kitakyushu said two of the 17 crew members aboard the Hope Pusan were suffering from minor burns.
        AFP  -  64 words
      • 65 23 Reuter A MASSIVE CLEAN-UP OPERATION and favourable winds appeared to have prevented a 32-km oil slick from polluting Britain's east coast after a collision between two tankers, British coastguard officials said late last Sunday. The crude oil seeped from a fractured tank on the Phillips Oklahoma
        Reuter  -  65 words
    • 133 23 Reuter THE ASSOCIATION of American Railroads (AAR) has filed with the US Interstate Commerce Commission for an increase in freight rates in its fourth-quarter rail cost adjustment factor calculations. The railroads have asked for an 0.8 per cent increase adjust- ed for
      Reuter  -  133 words
    • 885 23 ABC Contoinerline XI 5 Accord Shpg VIII 3/4 Arrow lines XI 5 ANl III 1/2 A PC Line VII 5 API V 3-5 ASCI V 1 Austasio line VII 1 Balt-Conoda line IX 4/5 Bolt-Orient line IX 4/5 Baltic Orient Shpg XI 4 Bonk line VII 5
      885 words
    • 431 23  -  ASIAN EXPRESS LINES USING STORE AND HK AS TRANSHIPMENT POINTS By JEAN FOONG ASIAN EXPRESS LINES is set to launch a semi-container service covering the Far East, Sri Lanka, Pakistan and the Middle East Gulf ports next month. The fortnightly service will
      431 words
    • 332 23  -  By G DURAIRAJ SHIPPING TRAFFIC at Johor Port registered a ten-fold increase between 1977 and 1987, according to the latest issue of the port's newsletter. In 1977, when the port began full operations, a total of 252 ships called at Johor. By
      332 words
    • 365 23  -  by Shirish Nadkarni THE INDIAN shipbreaking industry, which was launched amid much fanfare in 1983 by the opening of a large demolition yard in Gujarat, is sinking fast. Frantic SOS calls by more than 100 small-time entrepreneurs, who had invested their lifetime
      365 words
    • 236 23  -  By LINDA CHEE STEAMERS MARITIME Holdings Ltd. through its subsidiary, Straits Shipping Pte Ltd. has joined hands with Pacific International Lines Pte Ltd in a container service from Singapore to the Indonesian ports of Surabaya and Semarang. The partnership will start on
      236 words
    • 37 23 SHIPPING TIMES is introducing a new fortnightly column starting on Thursday. Heavy Torque, which will examine a wide array of issues affecting the transport industry, will kick off with a look at preventive maintenance.
      37 words
    • 1181 24 OPERATORS TALLYING UP THE COST OF GROWING OLD Rising newbuilding costs are forcing tanker owners to consider extending the working lives of their vessels. Marine insurers, however, aren't exactly thrilled by the prospect. Lloyd's Maritime Asia AS MORE TANKERS approach the crucial third special
      Lloyd's Maritime Asia  -  1,181 words
    • 418 24 AP IRAN WILL BUILD an oil refinery with a capacity of 100,000 barrels a day if commercially viable oil strikes are made in the Caspian Sea. according to the country's deputy oil minister. The official Islamic Republic News Agency, monitored
      AP  -  418 words
    • 133 24 WILLIAM N JOHNSTON, former chairman and president of the American Bureau of Shipping and the ABS Group of Companies, died on Sep 7. He retired on Oct 1, 1987, after 36 years with the international classification society. Mr Johnston was a vice- president of
      133 words
    • 241 24 AFP RATHER MORE OPPORTUNITIES of securing employment for VLCCs (200,000 tonnes plus) and smaller tonnage became available during the past week, although much of the business was of a private nature, London shipbroker E A Gibson reported last Friday. The presence of the Saudi Crude Oil Buying Agency
      AFP  -  241 words
    • 153 24 THE MAJOR shipping consortia operating between the Far East/European, Far East/Persian Gulf, Straits ports/Australia, Straits/Japan and the member lines: ACE (Far East/Europe): "K" Line Neptune Orient Lines Orient Overseas Container Line «IO (Slralts/AustraHa): traf&fan National Line Atotraiia/Stratte Container Line Ueyd Neptune Orient Lines NMMN (StrafWJapan): inlfraftULLioea Malaysian International Shipping
      153 words
    • 270 24 Reuter US AGRICULTURE Department has revised shipping patterns under the expanded 1989 sugar import quota to let smaller courK tries ship their entire quot< share to the US at any time. The department aims to limft larger nations to shipping 25 percent ot
      Reuter  -  270 words
    • 1904 24 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy Arrival Tranatainar Schedules Blk Op Gdn Date/Time Time From Time To Booking Gate An Fremontle ***** 2109 89 0400 19/1415 19/1445 Tlx/fax 2 A3 00 F07 Arthur Ms 8912 2109 89 0700 19/2230 19/2300 NA 2
      1,904 words
    • 240 25 Lloyd's List THE EIGHT MEMBER COMPANIES of the AsiaNorth America-East-bound Rate Agreement (Anera) carried a total of 3.03 million tonnes of cargo from Asian ports to North America in July up 11.6 per cent from a year earlier. The member lines are Nippon Yusen Kaisha
      Lloyd's List  -  240 words
    • 791 25 THE FREIGHT market ended the week on Friday on a quiet note with few fresh fixtures reported and rates holding around unchanged levels. Business included a fixture for 44,000 tonnes of wheat from Jeddah to the Turkish Black Sea at U5512.75. The coal sector attracted some interest with
      791 words
    • 1511 32 Paneran. Trtat. lap tUHQ. X Parens. D|IIHIW. S<»WM ToiUo Expraee. Trtpl. tap XI. Arthur tlank. Meerak Una. tap >1 Ew Gaining. Evergreen. tw >1. WMWI y Mvpr. CMM OOMII »M SM r Norata Singa. NOWOM Una. Sap B VWa da Varna. CM
      1,511 words
  • Page 23 Advertisements
    • 33 23 "The Illustrated Encyclopedia of Wildlife" Wildlife > Fortnightly at all good bookshops and news-stands <> ft STP Dtetrtxrton For advertising and circulation enquiries, please call Business Times Tel: *****11, Fax: 253-2821, Tlx: RS ***** BTAD
      33 words
    • 17 23 Lines and services represented by Members of the Registry of Accredited Shipping Agents, Singapore National Shipping Association.
      17 words
    • 271 23 mm good bookahop* The cost of growing old AS MORE TANKERS approach the crucial third special survey, questions have been raised about the viability of extending the life of these ageing hulls. What is the cost involved in renovation? How long can you stretch the life expectancy? Is it worth
      271 words


  • Page 25 Advertisements
    • 619 25 OOCL Dedicated to Qwalily WW/ \@2 JARD4NE SNIPPING ACUtatS juCMwrt MM**?***- T«i 221 TO 1 TELEX NOB*!" TEMUNAL/CFS TilMttW 220 bookings Tii ano* -05 KSAKA JAXD4NE SNIPPING AGENCIES SON. XNa STWUUBTEL: no. masmhmamtoi PfNAIW TEL ****** TELEX NO MA***** CFS tEL 348 M* PKhCTETSWUP TELEX NO MA6SOM NORTH AMERICA ATLANTIC
      619 words
    • 654 25 MAERSK LINE t: ESI CS i" 1 I v.l it/io f7/io ano aono aono ava ano M/io ano 27/w 27/k) aano aano I aano si/io vii vii a/ii «/ii ani I ani 8/10 7/10 12/10 114/10 17/10 ava 31/10 7/11 20/10 28/ to VII I 4/11 6/12 0/11 *12 I
      654 words

  • Page 26 Advertisements
    • 394 26 MM- Hapag-Lloyd MBi*c.n o crtVICE TO UK/CONTINENT P. KELANG SOUTHAMPTON .tt: ri 1 ii'lLLliiJ r\vr rrv; CONTAINER SERVICE FROM UK/CONTINENT 7QLAQA BAY NONOKONQ I 91/409 OSM9S svs 07/404 11/9 *Tf SOUTHAMPTON IP. KELANQ SI/9 SM 9/9 Z7/9 4/10 i y. I ill CONV/SEMI-CONTAINER SERVICE TO MED EUROPE MALTA CASABLANCA Agon/St
      394 words
    • 347 26 ouLumDuo Line nccutnci umon ,A StHVICt Of- MAMBIIHi', SUII< EXPRESS SF Ml CONTAINER SERVICE. TO 7T ii.. 7 rnr &•;< imsr (ASIA-SOOTH PAORC JOMT SERVICE) UUNGtL ATLAS VM ■WAYtAMK VW fccaftuw La carta for mota aorta #achar| Kivitni Wota, Honiara «a TrewWwwt ■uLrfa Aaont H C Tofc 3MU4 and ato
      347 words
    • 390 26 GULAR TO MEDITERRANEAN/RED SEA m KL M M AL-RRJNTAZAM NZ7 Alm mmlm ti 5 3» aS i sawtks* mrarvcr ant TO FAR EAST SIM HKfi KM OS> 4.1 >2 TOR NQO NOtANA MARMH NN-1 MR W» 1W» 101 FROM EUROPE/ MEDITERRANEAN/ KARACHI FIX ANT ROT MC NAB LEM VLC PIR
      390 words

  • Page 27 Advertisements
    • 604 27 A yv3 P&O Containers STRAITS SHIPPING CONTAINER SERVICE TO UK CONTINENT w vn *t» AM t am am imt mm LMM fXHKSS am am MM aw mm mm om om mm am urn am apt am am am am am am am am am am am am am w am
      604 words
    • 541 27 r~ IX CHO YANG LINE WEEKLY EXPRESS CONTAINER SERVICE (ALSO ACCEPTING REEFER CARGOES) an an ss WM wu am am F MG HO T A MlHi AN 11 uHANC (<l OMbIANJ NAT lON Al I iNt OF COt UMBIA TRAOC PINC OC-W To BiwnaMntura/terrwMuillt/Saflta Mart^Cartafam/ CnstotMl/Santo Domingo/Port Au Prima Pte
      541 words
    • 76 27 liui Si/m Hup Co (Pt* td STMITS/ JAPM/ STINTS SBMR PECIALIST IN RO-RO HEAVY LI TtAOEB MO. 2 CACIA Mi M 8 7m um am um a/a um itjiL IMLintermaritime (FOREST PRODUCTS SERVICE) DIRECT SERVICE TO SURABAYA* FT. NEDLANO, FREMAKTLE, COCOS ISL CHRISTMAS ISL MAI SUN HUP CO m ITO
      76 words

  • Page 28 Advertisements
    • 262 28 l!X SINOSE \n A •--< <«• R PTE LTD la_ mi 11 I M r fM »1 -mr.'.-mmtmmM loi-AMIC HtPuriLlC OF L"IJ IRAN SHIPPING LINES niiM 1.-v iS KYOWA LINE .iW i I'/J h L\! Is vl j iAi L' T R ANSPOR FACION MARITIMA MEXICANA S A DE CV.
      262 words
    • 370 28 OHANJIN SHIPPING «r FULL CONTAINER SERVICE TO USA PACIFIC SOUTH WEST TO EUROPE VIA SUEZ nrrr TO PACIFIC NORTH WEST CANADA TO FAR EAST PORTS TO EAST COAST (ALL WATER SERVICE FROM EUROPE VIA SUEZ a* a* id m w w w 'JJ \2f> un m an zu* w aa
      370 words
    • 82 28 chin: q:e-n shipping compan v >— MAM CNUC VU2 Mlt YAK FANG KOU YIU M t»«i h x rw 5, I %JB J» Agents K I KMT KtIANC mbmt tlx mm fax 4 fax m m* telex I ***** TELEX MA «U4 GUANGZHOU MARITIME r TRANSPORT BUREAU OF CHINA SOUTHERN
      82 words
    • 385 28 A"'«t \i EVERGREEN Round-The-World East Bound (FE/CARIB/pSEC/EURO/FE) Round-The-World West Bound (FE'EURO/USEC'CARIB FE) Im nc 5E US WEST COAST INBOUND FAR EAST RED SEA MEDITERRANEAN BOUND MED RED SEA/F E FAR EAST SRI LANKA/INDIA PAKISTAN FAR EAST OUTBOUND .NBO'JND SINSAPCRF R T SHIPPING S. P t h|H UNIGLORY LINE MIDDLE EAST
      385 words

  • Page 29 Advertisements
    • 472 29 PACIFIC INTERNATIONAL LINES PIL Building, 140 Cecil Street, #03-00, Singapore 0106. Tel: *****33 CONTAINER SERVICES VOY HM KAO mm ttm IftCMVTOVAMA I TV nrr HOT A MLATI KOTA MKLATI 1/W vm «w m an* ii/m iim Mm -Lk CONVENTIONAL/SEMI-CONTAINER SERVICES v J 5 J X M MM BOMBAY, KARACM. M/t
      472 words
    • 487 29 m. BEN UNE CONTAINERS EXmSS CONTAINER SERVICE TO UN/CONTINENT a a a Sb a srr a EXPRESS as- s s,t:« 3 TASMAN ASIA SHIPPING CALEMNIA, FUI NEW ZEJUANB mta hmmo a an# v« w w urn on* ta wmnb w* IWI a/u m via JyajTANNNMTONB V» V» W 1V» T/t
      487 words
    • 224 29 BOUSTFAO 3HIPP il T t\J I-• MYAN FIVE STAB LIE /ft/.M y ,ii, ii t \DIH IMM fUttOnSI LIfMJ Loading lor Ringo AII .'.'..111 t l: u LW 'T MMfw TNI MM UM IMI Ml IMI 17/11 1 jr if TjfcMSTMi. onamr. nm. mmkm. hcta. oh mmaka. m. a* a+c
      224 words

  • Page 30 Advertisements
    • 569 30 Kline K \\YA> \KI MM K MSI I V I ID i i ■m. 3 :export IMPORT ■y*™. *>rSpSx> •r •M/PIK HOMY N BRIDGE ~v: fti TACOHA "irri 1 r 1 <■>•■ oc :v:r':-,T mm. «ii iz_zz_i_ v'V= > :> .EXPORT :MPORT rVALPARAISO mi KMJIOUC 3Si KB GYE CALLAO Mm
      569 words
    • 346 30 EXPRESS CONTAINER SERVICE MfevW fmtm If fmtm MM «M «M von not not aDm BHm SNm UDK IBk I OK wiim INDIA EXPRESS CONTAINER SERVICE 0, fmtm 0, frn* om Oct 4 Od 4 Oct OH ■N law I a* *> nRH »rw Mfct HOB 4 JM 4 JM INDIA/JAPAN/INDIA
      346 words
    • 206 30 QOLDEN LINE GUAN GUAN SHIPPING (PTE) LTD a. T«tak Aftr Stmt simafom mm to. mm <» uws; fm uom WJ 6ULF SERVICE: ftjraMMa CHINA OCEAN SHIPPING CO., PEKING THE PEOPLES REPUBLIC OF CHINA rrTT-7 CITAM OtTAM fl p. klang t* ta-mmL, mmm-i. T«tu m am PCNANG T*i: M-OM7. USM, «tfl
      206 words
    • 239 30 wa PHILI ORIENT LINES PTE LTD Hf A- :Th f ft cB s c V j K LpiSj S ,A^o unim an m. t id 9E VJ Ti i ■-rmr "-TWIn V .1 tssac fa ft ia MILI "Tv r T r*7 T Tr m j\,y: ii'.: v fit* ~u
      239 words

  • Page 31 Advertisements
    • 799 31 C POH 1 ss ss 2W SGP LEH VLX lOM HAM mm oano uyio u/io 13/10 M/ 00 MTU 17/10 tvu WN 07/10 a/io at/io a/io mo 14/10 30/10 11/10 MAI 00/11 a/io 00/ ii 07/u ovii 10/11 a/io u/ii torn urn n/ii '.1 i"" I mothbi yol/vot N. Brid«a
      799 words
    • 534 31 *s m Vi'L 1: 4 ml* it p: O-* c c Ltl'." W (15 Linos) Ttminal T1 ac (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES M I* MA W» m m m m v* v» urn wm m M W w U avu i--I*ll I MAI 5 rr** XL L 2
      534 words

  • Page 32 Advertisements
    • 268 32 1 rfUi; I 11:1 u it: :-v ri>W mmn r INTEGRATED CONTAINER SERVICE MMB OF lAOON KMKE TO EAST MEDITERRANEAN A .11,E"' ICA ANT ICZJIT3 EO EH Eui II- 1 [lIIIZIDOEIiIIIEIOO 100 l r l Mg-IFHiT3I II I OUTBOUNO 1 rr-n i :f TO FAR-EAST irnrnn 3C3ID 1 1 !7TTT
      268 words
    • 225 32 CNC LINES CH No. IXtBTTMMK c«ne;ai CONTINENTAL FEEDERS PTE LTD Singapore Tel: *****51 Terminal *****16 MALAYSIA MEWAH SHIPPING SON. BHD AGENTS: PET AUNG JAVA T«4: TIMMt P. KELANO TEL: M79M7 S E PIONEER 24/9 EXPLORER 30/9 ALSO LOAD INDONESIAN PORTS Agents: TECHOCEAN MARINE (8) PTE LTD Tmk *****73 P«k *****18
      225 words
    • 110 32 <Z2\ CEYLON SHIPPING CORPN igr National Line of Sri Lanka !I|!N I I >\ \!\l -si lIS!K\ il |\i)i M \IU Wt «i i I. Ki l» s \i: I» I VESSEL VOY SNOAPORE KHORFAKKAN KARACHI LANKA SIRI 127W 200§ LANKA SIR I 12SW o*lo LANKA AJITHA 43W IWO 2<VlO
      110 words
    • 381 32 FAST DIRECT REGULAR SERVICE TO INDONESIA PORT PADANG/ SEMARANG/PANJANG/CIGADING/ BENGKULU VSL ETA ETO LOADING FOR DELI I NOAH 19U» 209J8 PANJANG/PK. BALAM VSL ETA ETO LOADING FOR DEL) I NOAH 191® 20U0 PANJANG/PK. BALAM NASA JAYA DOCK DOCK PAIUAM LAMPUNG JAYA 19U9 209J9 JAKARTA/PANJANG PINANG JAYA 21.9* ***** PAMJANG/PK. BALM
      381 words
    • 166 32 11(1 REGIONiLCONUISEP LiSES ASEAN PORTS BANGKOK"'SAILINGS A WtEK rra ,ii ii "j. 1 1 PJCELANG 3 SAILINGS A WEEK DASWANI Sdn Bhd Pkl (Tel: *****59) PENAHG 2 SAILINGS A WEEK Hi.. lIJJLAL 1 J.JUA II JAKARTA 2 sailings a week PT Sarsna Penida Jkt (Tel: *****6) SQBABffiflA* i sailor a
      166 words
  • Page 32 Miscellaneous
    • 175 32 I I '111 ■V X Vi Regional WmNmt SV.. Cv > t-.::? .V.I ■Sis' x ft* K *40! •-n: 2$ ft <0* 1 r :-cSIGNIFICANT WEATHER AND SEA CONDITIONS AT 7JO AM. SEP 19.1959 </* ■N\ Wind (Srection with speed m knots Wove height LEGIND: R Thunderstorm >C nd <fc«ct«n
      175 words

  • Page 33 Advertisements
    • 646 33 UNIPACIFIC TRANS. TRADING AGENCY PTE. LTD. SINGAPORE TEL: *****22 FAX: *****76 IRAQI LINE IRAQI STATE ENTERPRISE [0« MARITIME TRANSPORT EAST BOUND SERVICE ETA S'PORE LOADING FOR 300 JapM WEST BOUND SERVICE ETA S'PORE LOADING FOR A. VSL 30/10 Iraq THROUGH B/U to BAGHDAD UPON REQUEST ALSO ACCEPTING CWITAINCRS UTTO AOABA
      646 words
    • 278 33 MIEN HUNG LINE illl LY CONTAINERISED FORTNIGHTLY LINER SERVICE TO SOUTH AFRICA DURBAN/JOHANNESBURG ACCEPTING BOTH FCL/LCL CARGO Vessel Spore Durban Johannesburg DILIGENCE CONTAINER V D92S 25/9 9/10 12/10 EXCELLENCE CONTAINER V-E9IS 8/10 22/10 25/10 POOLGRACHT V-PG93S 24/10 8/11 11/11 ALSO ACCEPTING TO CAPETOWN/P. ELIZABETH VIA DURBAN -I- P. KLLAN6 CARGO
      278 words
    • 656 33 P.T. TANTO INTIM LINE SINGAPORE/SURABAYA WEEKLY FULL CONTAINER SERVICE ACCEPTING ALL LCL/FCL CARGOES VISXL m SPORE mmih TAIITO UTAMA 22/23 19/09 22/09 TANTO UTAMA 24/25 2S/09 *09 TANTO UTAMA 2V27 03 10 08/10 TANTO UTAMA 2t/» 10/10 13/10 WEEKLY NVOCC SERVICE— FCL/LCL SYD/MEL/BRI 24/9, 27/9 FRESSITIE/ADE 24-9 KEELUNG 21/9 KAOHSIUNG
      656 words
    • 234 33 BALTIC ORIENT SHIPPING PTE LTD. BAY OF BENGAL SERVICES SUSAK 00N LEUVE mi TWER BAY UN CALABAR 77CNB SUSAK BN LEUVE 1112 TWER BAY ON y* z 17/10 VIETNAM SERVICES hi ;i IffSBI i. nv. izvestia mrn n/s V M.V. P. STAROSTIN SORFM 17-11/S nv. izvestia sura m o/io ALSO
      234 words
    • 132 33 S ABC CONTAINERIZE N V. V !<J2 1 S uof >r > n WE HAVE GUTTHF TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: BRUSSEL V.231H ETA 11/9/89 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 16 days to Sydney! FROM USA/CANADAfEUROPEJMEDITERItANEAN MPiinnpyirMßinw AGENTSshippk cotmnrtPTt.) ltd. •r IS. HOE
      132 words

  • Page 34 Advertisements
    • 963 34 FULLY CONTAINERISED trans-pacific WEEKLY SERVICE iLALANOIA RVUNOAI CHALLENGER RVUNOAI INNOVATOR RVUNOAI EX PLOW* HYUNDAI CO—UNOER NYUNOAI PIONCE* TO PNW TtANSNORLD MIO6E WENSEAS RRIDGE TOMER BRIOGE !M BEN GATE MIOGE UND TO USA SIN NKG LIN OAK SEA se zm am WO WM HAO X mm osp 2sp an* ano 27E
      963 words
    • 910 34 te r MitsuiOSKJLines Ltd EXPORTS TO PSW CONNECTING AT |TO OOUBif STACK TRAINS ETA in nr-\ I' .itt~7lW M OlZlOOi^lGIDI!^! in cmaoci aaaaaaaa iU UM I LJI L_J -J EU ]KJ LJ L J LJ LJ L J LJ LJ LJ ULILIUULJUL] LILHHOLILILJO in i aaEiiGiaaaa □ei aaaauLjaa r-mr-mrrm rraa
      910 words