The Business Times, 14 June 1990

Microfilm: NL17023
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 170/12/89 Thursday June 14 1990 75*
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  • NEWS SUMMARY
    • Article
      Soviet Parliament approves economic reform plan
      56 1 THE SOVIET Parliament yesterday approved plans to transform the country's economy into a market system and end the decades-old rigid structure of central planning. It approved by wide margins the components of an outline for the transition, with the government given until September to
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    • Article
      Business park plan
      30 1 REAL ESTATE developer Yamasin of Japan, which has been busy with projects in the town area, is now venturing into Changi with a business park Page 2
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    • Article
      Call for cooperation
      44 1 JAPANESE financiers have been urged to promote more investment in Thailand, while Thai and Japanese partners have been asked to "work together for mutual benefit in the commercial sense", according to the Thai Prime Minister's Office Minister, Korn Tapparangsee Page 9
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    • Article
      Investment hits high
      33 1 FOREIGN investment in the US rose to a record total of US$2 trillion in 1989, up 12 per cent from U551,786 trillion in 1988, according to preliminary figures Page 10
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    • Article
      Warning on US bid
      42 1 A US PUSH to get Japan to reform economic practices which Washington says are barriers to trade could backfire by boosting the power of bureaucrats to intervene in the economy, some trade experts in Tokyo say Page 10
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    • Article
      Birth of new scheme
      18 1 A PROGRAMME to help premature babies develop intellectually has shown striking results Page 17
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    • Article
      Joint airline projects
      34 1 DELTA AIR Lines Inc, Swissair and SIA are considering various joint projects, such as a global small package delivery service and combined purchasing, flights and tour packages. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow Jones higher
      45 1 THE NEW YORK stock market was mixed yesterday morning in an equivocal response to fresh evidence of weakness in the economy. The Dow Jones average of 30 industrials rose 0.49 to 2,933.91 at 1430 GMT in the first hour of trading. AP
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    • Article
      Footsie higher
      46 1 LONDON share prices were sharply higher at midday yesterday, assisted by Wall Street's strong close on Tuesday and a rise in the pound. At about 1115 GMT, the FTSE 100-share index was up 33.2 points, or 1.4 per cent, at 2,404.0, its session high.
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    • Article
      FCC on new ground
      35 1 FIRST CAPITAL Corp, which has been in the limelight lately, has moved into the electronics industry with its acquisition of 60 per cent of Mimax, which manufactures computer ribbons Page 3
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    • Article
      Guthrie may pull out
      26 1 PLANTATION GIANT Kumpulan Guthrie Bhd is expected to give up its stake in two plantation joint ventures in the Philippines Page 3
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    • Article
      SGS sector stagnant
      27 1 THREE YEARS after the authorities revamped the Singapore government securities market to attract more retail and corporate players, the sector remains stagnant. Page 8
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Change BT-MGA 791.64 -2.95 Kuala Lumpur ...579.36 -2.23 Hongkong 3,185.14 -17.86 Tokyo 32.371.77 +49.46 Sydney 1,510.1 +9.4 Tuesday Change New York 2,933.42 +40.85 London 2,370.7 +21.9
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    • Article
      CURRENCIES
      21 1 Exchange rates US$ SSI.8470 Yen (100) SSI.1947 MS SS0.6812 Money market rates Overnight 4 1/2 +3 3-month 7 1/16% -2/16
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    • Article
      COMMODITIES
      39 1 London Gold PM fix US$350.50 -5.25 Rubber S'pore July 157.00 «/kg unch M sia July 229.00«/kg unch KL Tin Turnover 60 tonnes unch Spot M$l6.50/kg -0.04 Crude palm oil futures Turnover 737 lots +135 June M$663 /tonne -2
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  • Article, Illustration
    Goh optimistic about S'pore and global peace
    555 1  -  By Shoeb Kagda PRIME MINISTER designate Goh Chok Tong yesterday assessed the state of the nation he will lead by the end of the year and the general world outlook in the coming years. He expressed confidence not only in Singapore's continued progress
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  • Article
    Ministry fine-tunes vehicle quota system
    245 1 TENDERS for vehicle entitlement certificates will be held monthly, instead of quarterly, from next month, Parliament was told yesterday. And the validity of the temporary certificates of entitlement (TCOEs) will be shortened from six months to three months. The fine-tuning of the quota system, which
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  • Article
    Lock icon US current account deficit hits six-year low
    171 1 AP THE DEFICIT in the broadest measure of US foreign trade shrank to a six-year low of U5522.94 billion during the first three months of the year, but analysts caution that the good news may be temporary. The US Commerce Department on Tuesday
    AP  -  171 words
  • Article
    Lock icon Jakarta to get US$4.5b in aid
    132 1 AFP DONOR COUNTRIES and international institutions have fixed their total aid for Indonesia for 1990 at US$4.5 billion, the donors said yesterday at the end of a two-day meeting in The Hague. The aid package from the 14 countries and four international institutions forung
    AFP  -  132 words
  • Article
    Chok Tong outlines decisions he will have to make
    382 1 FIRST DEPUTY Prime Minister Goh Chok Tong yesterday outlined the major decisions he will have to make in the next few months before assuming the mantle of leadership from Mr Lee Kuan Yew. Addressing Parliament, Mr Goh said that the House
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  • Article
    SIA US dollar covered warrants in the offing
    475 1  -  By Amy Balan SINGAPORE took another step into the world of financial sophistication with the proposed introduction of the first US dollar covered warrant on Singapore's bluest blue chip. American investment house Salomon Inc yesterday announced plans to launch an issue of
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  • Article
    Lock icon Suharto calls for renewal of Pancasila
    108 1 AFP INDONESIAN President Suharto has called for a continuous renewal of the Pancasila state ideology to answer future challenges. "We have seen that closed, frozen and rigid ideologies have finally crumbled from within because they could not answer the challenges of the times," the
    AFP  -  108 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      219 1 fßurberrys; >s c/ 2 t Reigns when it pours i FAST TO RISE, EVEN FASTER TO FALL 12 HOUSES TUMBLE, STATE DITHERS 13 THE RETURN OF BILL DOWLER 14 Advertising Marketing 14 Money Changer Rates 27 World News 10 Aircraft Schedule 27 Money Market 25 World Stock Markets 24 Commodities
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    • Advertisement
      Page 1 Advertisements Column 2
      132 1 BALLY of Switzerland I I AVAR I) VA* AiU'tH Bally Singapore Pte Ltd Health subsidies should vary with income, Pg 2 in mini mil It's not hard to see why we've been part of fashionable hair styles since well before the designer label was invented, if you consider what we
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        NUS to set up medical informatics centre
        104 2 THE National University of Singapore is to establish a Centre for Medical Informatics, in a move which will help it spearhead the development of health informatics in the Republic. The centre, to be made the Sixth World Health Organisation Collaborating Centre for Medical
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      • Article
        First Turkish frigate here
        77 2 A TURKISH FRIGATE, with 25 officers and 160 sailors on board, will be making a port call to Singapore between June 16 and June 18 to take part in the Republic's 25th Anniversary celebrations. The frigate, christened TCG Turgutreis (F--241); is on its way back to
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      • Article
        Goodwill message to Wagggs
        138 2 PRESIDENT CORAZON Aquino has sent a goodwill message to the 27th World Conference of the World Association of Girl Guides and Girl Scouts (Wagggs) now on in Singapore. In her message, Mrs Aquino said she was happy to know that Wagggs was standing firm on spiritually-anchored
        138 words
      • Article
        Biotech seminar for teachers
        64 2 A WORKSHOP to update biology teachers on the most current issues and applications of biotechnology will be held from June 18 to June 22 at the Faculty of Medicine, National University of Singapore. The workshop, the first of its kind in Singapore, will be activity-oriented to
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    • Article, Illustration
      Japanese firm to build business park in Changi
      398 2  -  By Suzanne Soh JAPANESE COMPANY Yamasin, which has been busy with real estate projects in the Orchard Road and Shenton Way areas, is venturing into Changi with a business park development. The park, costing $120 million, is to be built on a
      398 words
    • Article
      Subsidies for lower-income patients to stay
      584 2  -  By Yong Pow Ang HOSPITAL FEES will have to increase regularly to cover the rising costs of medical care, says Acting Health Minister Yeo Cheow Tong, but lower-income people will continue to have subsidies. Replying to queries from a number of MPs over the
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      376 2 REPRESENTATION IN THAILAND A Thai-Singapore company with English speaking employees, currently very active in the electronics and manufacturing sectors of Thailand is interested in representing Singapore manufacturers or distributors of components and equipment suppliers in Thailand. The company's Managing Director will be in Singapore for a discussion with interested parties
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    • Advertisement
      Page 2 Advertisements Column 2
      126 2 ONLY THE FASTEST WILL m ma mm M In our showroom are eight yes, only U MU M m Is Audi 100s that are immediately Wm U available with a Certificate of Entitlement at ROV Price. The Audi 100 GP2.OE as well as the JM Audi 100 GP2.2E German engineering
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      FCC buys 60pc stake in computer products firm
      401 3  -  By Abdul Hadhi FIRST CAPITAL Corporation, which has been very much in the news lately, is moving into the electronics business with the purchase of a 60 per stake in Mimax Ribbons for $3.25 million. In an announcement yesterday, the company said
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    • Article, Illustration
      Hour Glass buys 60pc of Mondial-Glayz
      296 3  -  By Elaine Koh THE HOUR GLASS Ltd has taken a 60 per cent stake in jeweller Mondial-Glayz Jewellers, which has two outlets in Singapore. The stake will cost The Hour Glass $975,000, giving it 150,000 new shares. The remaining shares will be held by
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    • Article
      Lock icon Innovest incurs M$21.6m loss despite rise in turnover
      445 3 Bernama INNOVEST BHD has reported a group net loss of M 521.68 million for the year ended Dec 31, 1989 compared with a pre-tax profit of M 55.11 million a year earlier. This was despite a 34 per cent increase in turnover
      Bernama  -  445 words
    • Article
      Revamp is putting back the shine in Bousteadco
      678 3  -  MARKET TALK' By Abdul Hadhi CORPORATE restructuring has often cured ailing companies. It usually turns the companies around into profit-mak-ing concerns once again. That cure has worked for Bousteadco as well, a group which used to be primarily involved in trading. Of
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    • Article
      Kumpulan Ho pull out of Mindanao'
      423 3 PLANTATION GIANT Kumpulan Guthrie Bhd is expected to give up its stake in two plantation joint ventures in the Philippines. The company is to disclose this in its annual report, to be distributed to shareholders at the annual general meeting in Kuala Lumpur today.
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    • COMPANY BRIEFS
      • Article
        Investing in Malaysian and Singapore stocks
        68 3 THE SOCIETY of Remisers (Singapore) is organising a talk on "Investments in Malaysian and Singapore Stocks" by Mr P H S Lim on Saturday, June 16. Mr Lim is president of the Malaysian Investors' Association. The talk will be held at the Amara Hotel
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      • Article
        MPHB keeps gaming business
        55 3 MULTI-PURPOSE HOLDINGS BHD has "no intention whatsoever" of selling off its 39.78 per cent stake in four-digit gaming operator Magnum Corp Bhd (MCB). In a statement issued to counter recent speculation to this effect, Multi-Pur-pose said it regarded Magnum's gaming business as an sential and integral"
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      • Article
        MAS to decide on aircraft
        116 3 MALAYSIA AIRLINES (MAS) will decide within a month from now whether to exercise the options it has for additional Boeing and Airbus aircraft, managing director Tan Sri Abdul Aziz Abdul Rahman said. "We are now finalising details on 1 the aircraft we need to acquire
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      • Article
        Kian Joo reports higher profit
        87 3 KIAN JOO CAN FACTORY BHD yesterday reported a higher group pre-tax profit of M$ 15.42 million on turnover of M$ 182.76 million for the year ended Dec 31, 1989 compared with the previous year's M$ 12.05 million on turnover of M$ 140.46 million. The board,
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      • Article
        OYL to buy Group Associated
        99 3 OYL INDUSTRIES BHD said it proposed to purchase the entire paid-up capital of 500,000 ordinary shares of MS 1 each in Group Associated (C and L) Sdn Bhd (GA) for Msl£ million. The purchase, which was expected to contribute positively to its earnings on completion,
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    • Article
      Lock icon Timuran buys 60pc stake in Champion Motors
      183 3 Bernama TIMURAN HOLDINGS Bhd has announced the acquisition of 60 per cent equity in Champion Motors (1975) Sdn Bhd, comprising six million shares, for a total consideration of M 56.40 million. A statement issued on behalf of the company by Commerce International Merchant
      Bernama  -  183 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      149 3 Since 1735 there has never been a quartz Bianc: pa in watch. And there never will be. "^^^SSIBBSSSSSB^SIsaHIKS^^HEHBfeR^ I Model shown 6595 1418 58 IB^ BlancpaiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by hand by the individual watchmaker. In all, only
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Fletcher wants to check Telecom's books
        94 4 FLETCHER CHALLENGE LTD has not pulled out of its bid for Telecom Corp of New Zealand Ltd but is unlikely to proceed if it cannot inspect the utility's books, spokesman Barry Akers said. "I think it is most unlikely that we would go ahead
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      • Article
        Hitachi in tie-up with HP
        66 4 HITACHI LTD, Japan's top computer maker, said on Wednesday it would develop, manufacture and market RISC microprocessor chips jointly with the US computer maker Hewlett-Packard Co. The planned development of RISC (reduced instruction set computing) microprocessor chips is based on Hewlett-Packard's Precision Architecture RISC (PARISC)
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      • Article
        Mitsubishi-Daimler joint study
        65 4 JAPAN'S MITSUBISHI Heavy Industries Ltd and West Germany's Daimler-Benz AG will consider the feasibility of jointly conducting basic research in a space project, a supersonic passenger aircraft project, and in development of a small civil aircraft and its engine, a Mitsubishi spokesman said yesterday. The two companies
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      • Article
        Dainippon expects lower profits
        76 4 DAINIPPON INK and Chemicals Inc said it expects lower group net profits of 6.20 billion yen in the year to March 31, 1991, against 8.18 billion the previous year. It forecasts current profit of 24.50 billion yen in 1990/91, up 15.8 per cent from 21.17 billion
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      • Article
        Watch maker sees higher profit
        79 4 HATTORI SEIKO CO LTD said it sees group net profit of three billion yen in the year ending March 31, 1991, up from 1.94 billion a year earlier. Hattori Seiko, a leading watch and clock manufacturer, expects current profit of seven billion yen in 1990/91,
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    • Article
      Jones Lang Wootton sets up HK-based firm
      205 4 REAL ESTATE consultants Jones Lang Wootton has set up a Hongkong-based company, JLW Asia, to develop new businesses and strengthen its network of offices in Asia. i The five-month-old JLW Asia is jointly owned by existing JLW offices in Asia, with the Hongkong
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    • Article, Illustration
      Lock icon HK companies returning to tap market for funds
      371 4 Reuter HONGKONG companies are returning to the stock market to raise money after the first anniversary of last year's military crackdown in China passed relatively peacefully, stock analysts say. "It is not just by chance that the South China Morning Post (newspaper
      Reuter  -  371 words
    • Article
      Lock icon Enterprising Korean tent maker strikes it big
      532 4 NYT LEE YOUN-JAE had been planning for months to move his small company the largest supplier of recreational tents to the American market into golfing equipment when he received a call recently from a man who said they had to meet right away.
      NYT  -  532 words
    • Article
      Lock icon Imitation parts eat into Tan Chong's revenue
      344 4 Bernama TAN CHONG Sons Motor Co Sdn Bhd has estimated a loss in revenue of about Ms2s million to Ms3o million a year, or about half of its average yearly sales of motor parts, from the proliferation of imitation motor parts in Malaysia.
      Bernama  -  344 words
    • Article
      Indorayon issue attracts strong foreign interest
      366 4  -  By William Chia FOREIGN INVESTORS have requested 75 per cent of the 83.88 million shares subscribed for in Indonesian pulp mill PT Inti Indorayon Utama's public issue of 27.2 million new shares. But Indorayon has decided to slant the allotment to favour local investors
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    • Article
      Lock icon Nippon Life to buy stake in Amex
      263 4 AFP Reuter JAPAN'S Nippon Life Insurance Co, the world's largest insurance firm, has agreed to acquire a US$3OO million stake in American Express Co, a company spokesman said yesterday. The acquisition, part of an offering of 27 million shares in July worth US$B25
      AFP; Reuter  -  263 words
  • Page 4 Advertisements
    • Advertisement
      Page 4 Advertisements Column 1
      183 4 The automatic Chronograph CP 4900 (Ohmptcol For nearly 200 years, the watches and movements that bear our name have always been exceptional creations. The new GP 4900 takes its rightful place at the highest level of our watchmaking tradition: technical perfection in a harmonious, timeless setting The GP 4900 is
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    • Advertisement
      Page 4 Advertisements Column 2
      147 4 sth-Bth July 1990 11 a.m.-6.00 p.m. World Trade Centre Hall 3, Singapore Meet the challenges of the 90s right here at Asia Weldex/Fastener 90. Asia Weldex/Fastener '90 promises to be the most successful event that promotes the wekJtng. engineering, metalworking and building industries To the prospective visitor Asia Weldex/Fastener 90
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      134 5 "The real leader has no need to lead he is content to point the way" Henry Miller 9 fr I I I v E^ 1 ———L—Z_ssL_— 1m rT ra f3^H^ 7/»c S-Class is excellent proof that Mercedes-Benz cars are designed to be years ahead of all other makes For almost
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Mecca says long term outlook excellent
        100 6 MECCA LEISURE GROUP pic said that in the short term trading is liable to be affected by the unfavourable UK climate but that longer term prospects remained excellent in both the UK and overseas. Group chairman Michael Guthrie said at the AGM that delays
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      • Article
        Court extension for Drexel
        85 6 US BANKRUPTCY JUDGE Howard Buschman, who is presiding over the Drexel Burnham Lambert Group Inc Chapter 11 case, said at the opening of a court hearing that Drexel and its creditors committee have agreed to a court extension to Nov 15, 1990, under which Drexel has
        85 words
      • Article
        Publisher to sell stake
        69 6 WOLTERS KLUWER NV said it was informed by publisher Elsevier NV that Elsevier plans to sell its 33 per cent stake in Wolters Kluwer. More information about the sale is due in August. Wolters Kluwer said Elsevier would place its 17.8 million share certificates through a
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      • Article
        Yes, we will have bananas
        80 6 A CONTRACTUAL DISPUTE between Fyffes pic and Chiquita Brands International Inc of the US over the supply of Honduran bananas from independent growers' organisation CAGSSA has been resolved. Under the new agreement, Chiquita will take 60 per cent of CAGSSA's output with Fyffes taking the
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      • Article
        Stock exchange for Romania
        45 6 ROMANIA HOPES to develop a stock exchange over the next 18 months as it builds up a private business sector, senior government officials say. But first it will have to dismantle the panoply of state enterprises inherited from decades of Communism.
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      • Article
        Ladbroke's optimistic
        49 6 LEISURE AND HOTEL FIRM Ladbroke Group pic said its interim profits due on Aug 29 will show good progress. Ladbroke's pre-tax profit for calendar 1989 was £302.2 million against £252.3 million the year before. Ladbroke is in talks to sell equity in its wholly-owned hotel in Barcelona.
        49 words
    • Article, Illustration
      Lock icon Philips and Olivetti abandon talks
      338 6 FT PHILIPS OF the Netherlands and Olivetti of Italy, two of Europe's leading electronics companies, have abandoned negotiations on possible collaboration. In a joint statement the two groups said: "The talks have shown that at this moment co-operation in the investigated areas offers no substantial
      FT  -  338 words
    • Article
      Lock icon NYSE study urges wider use of trading halts
      300 6 AP A NEW YORK Stock Exchange report released on Tuesday proposed more widespread use of trading halts to curb price volatility and recommended tighter regulatory control over all financial markets. In a report outlined at a news conference, the US's biggest stock
      AP  -  300 words
    • Article
      Lock icon Cable & Wireless profits exceed market forecasts
      373 6 Cable Wireless profits exceed market forecasts Reuter COMMUNICATIONS group Cable and Wireless pic (C&W) has surpassed market expectations with full year pre-tax profits of £527 million, up 25 per cent from £420 million the previous year, analysts said. The market had forecast the group's profits between £510 million and £525
      Reuter  -  373 words
    • Article
      Lock icon Turkish petrochem company to go public
      324 6 Reuter TURKEY'S state-run petrochemicals company Petkim Holding AS is offering between 10 and 20 per cent of the share capital to the public on June 18, a Turkish privatisation official said. Shares, with a face-value of 1,000 lira, will be priced at 2,500 lira,
      Reuter  -  324 words
    • Article
      Lock icon Carlsberg expects flat profit
      134 6 Reuter DANISH-BASED brewery group Carlsberg A/S has estimated pre-tax profit for the year to Sep 30 to be unchanged from the previous year's 1.054 billion crowns. The group reported an 11 per cent rise in first-half pretax profit to 569 million crowns on virtually unchanged net
      Reuter  -  134 words
    • Article
      Lock icon Chrysler- Renault venture off
      131 6 ChryslerRenault venture off Reuter CHRYSLER Corp and French automaker Renault Vehicules Industriels said on Tuesday they had ended their joint venture to build a new small sport utility vehicle. The companies said their US$44O-million equal partnership, known as Arcad SA, is no longer economically attractive as structured. But Chrysler said
      Reuter  -  131 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      111 6 FERAUD BY LOUIS FERAUD 1 ss iWw ~yv MSNkd v mmUKBm flj SHOP WIN From June 15 to July 15, 1990, for every $150 that you spend at any of our menswear boutiques, you stand a chance to win Feraud Vouchers which you can use to purchase merchandise of your
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      Page 6 Advertisements Column 2
      294 6 < Purchasing Materials Management in the 90s 26 28 July 1990 Westin Stamford Hotel, Singapore CONFERENCE OBJECTIVES The conference aims to bring expert advice from International professionals on Purchasing and Materials Management to the Asia Pacific Region. Issues to be discussed include current policy and future practice guidelines, professional development,
      294 words
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      306 7 m m HHIk Ji *'^^Sh: v IBi > rt g 1 f&r m M B $&&*/<#&& B X m Br 1 v tfl Jt a m H Kv^"" M B i ifl B r s, i '^f^^pp I I sß^ Bw m m Bk 1 Li/ I wrm&l **fcA £*>
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        UOB Group raises prime and deposit rates
        78 8 THE UNITED OVERSEAS BANK GROUP has raised its prime rates and all deposit rates by half a point. UOB, Chung Khiaw Bank, Far Eastern Bank and Lee Wah Bank have raised their prime rates by half a point to 7 per cent with
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      • Article
        ANZ to raise base rate
        82 8 ANZ BANKING GROUP (New Zealand) Ltd said it would raise its base rate to 16.25 per cent from 15.75 per cent, effective June 20. It added in a statement that it would raise its mortgage rate to 15.4 per cent from 14.9 per cent, effective
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      • Article
        Bank to buy trust company
        76 8 THE ROYAL BANK OF CANADA said it has signed a binding agreement to buy International Trustco Inc or its total business operations. International Trust is a federally incorporated, Toronto-based trust company. At the end of 1989, it had assets of about Cs3 billion. The purchase
        76 words
      • Article
        Liquidators appointed
        33 8 BRITISH COMMONWEALTH Holdings pic said liquidators had been appointed to Stock Group (Channel Islands) Ltd, one of the private client stockbroking firms that forms part of the parent company's Stock Group.
        33 words
      • Article
        Far East strengthening
        34 8 WINTERTHUR INSURANCE CO plans to strengthen activities in the Far East where its premium income rose 37.3 per cent last year to 64.8 million Swiss francs, company chairman Peter Spaelti said.
        34 words
    • Article
      Lock icon Hung Yuan puts off interest payments again
      113 8 Reuter TAIWAN'S embattled Hung Yuan investment group said on-going cash flow problems have made it impossible for it to resume regular interest payments yesterday as pledged to its tens of thousands of investors. The company said low profits on the island's cooling stock
      Reuter  -  113 words
    • Article
      Govt securities market in the doldrums three years on
      448 8  -  By Quak Hiang Whai THREE YEARS after the authorities revamped the Singapore government securities (SGS) market to attract more retail and corporate players, the sector remains stagnant. A new scripless system and an expensive media blitz initiated last year failed to
      448 words
    • Article
      'S$ not affected by HK banks taking deposits'
      390 8 THE POLICY OF taking Singapore dollar deposits by Hongkong banks would not necessarily increase the volatility of the currency, said the general manager of Hongkongßank in yesterday's South China Morning Post. "I don't think that is strictly true," Mr Paul Sel-way-Swift was
      390 words
    • Article, Illustration
      Call in US to relieve Polish debts
      325 8 US LAWMAKERS, warning that economic failure in Poland could derail democracy in Eastern Europe, urged President George Bush to fashion an international plan to forgive some of the country's massive debts. "We believe that the United States can and must exercise leadership in
      325 words
    • Article
      Lock icon Mexico likely to liberalise banking
      417 8 Reuter MEXICAN President Carlos Salinas de Gortari is likely to announce that Mexico will allow Japanese and other foreign banks to do business in its domestic market on his visit to Japan this week and next, banking sources said. "We understand the deal in Tokyo
      Reuter  -  417 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      241 8 /SIS AT SHERATON LITTLE THINGS MEAN A LOT AT SHERATON LITTLE THINGS MEAN A LOT AT SHERATON LITTLE -H < 5 z o 5 s m < > z Z x H JT Kmßv wfi Ka ,cH P\jjjiL *Wmk w>T IV, Kfl 'u3l&Urf fA r ikJl^kT9^^^b z When you visit
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      Page 8 Advertisements Column 2
      86 8 THE GATEWAY Singapore's Premier Office Development Is Available for Immediate Occupation! The Gateway is now complete and already has attracted more than 60 tenants, leasing over 600,000 sq ft. Located just outside the CBD and close to the Bugis Street MRT Station, the property offers tenants prestigious offices at competitive
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  • Page 8 Miscellaneous
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  • THE REGION
    • Article
      Bangkok urges more Japanese investment
      455 9 JAPANESE financiers have been urged to promote more investment in Thailand, while Thai and Japanese partners have been asked to "work together for mutual benefit in the commercial sense", according to the Bangkok Post. I*. Prime Minister's Office Minister Korn Tapparangsee, in his recent welcoming
      455 words
    • Article
      Guangdong firms in bad shape, official figures show
      233 9 OFFICIAL figures have revealed that a large number of foreign-funded enterprises in Guangdong province are losing money and that contracts signed with foreign investors have not been honoured. The statistics yet to be disclosed by mainland authorities confirm fears that China's economy,
      233 words
    • NOTE BOOK
      • Article
        Selangor Indian chamber to set up investment firm
        77 9 THE Selangor and Federal Territory Indian Chamber of Commerce will soon set up an investment company with a capital of M$ 1 million. Its newly-elected chairman, Mr Adam Ahad. said that this was among various steps being taken by the chamber to
        77 words
      • Article
        Forests: KL welcomes inspection
        103 9 MALAYSIA is prepared to subject itself to international scrutiny of its rain forest to show that it has taken the necessary measures and precautions to conserve the forests for the economic and enviromental needs of future generations. The importance of forests had been recognised early by
        103 words
      • Article
        Phnom Penh calls for talks
        84 9 THE Phnom Penh government yesterday called for a swift reconvening of the Paris international conference on Cambodia that ended in a stalemate last year. A communique from the country's ruling communist party, issued after a meeting on Tuesday of the party politburo and carried by
        84 words
    • Article
      Lock icon Tokyo team in Malaysia to consider extending aid plan
      355 9 Bernama MALAYSIA'S request to Japan to extend its Asian Industrial Development plan after it ends this year shows how much it has benefited from the three-year programme, a Japan International Co-operation Agency (Jica) official has said. .Heihachiro Aoki, leader of a
      Bernama  -  355 words
    • Article
      GSP petitions against KL may fail
      176 9 THE American government may reject the petitions filed by several American organisations to have the trading privileges for Malaysia under the Generalised System of Preferences withdrawn, a US embassy official said in Kuala Lumpur yesterday. Embassy Charge d'Affaires Paul Blakebum said the petitions were
      176 words
    • Article
      Lock icon Chatichai to seek end to US aid for Khmer Rouge
      177 9 AFP THAILAND'S Prime Minis- ter, Chatichai Choonhavan, is to ask US President George Bush to persuade China to halt military assistance to the Khmer Rouge, the English-language daily The Nation said yesterday. The move is intended to guarantee an effective
      AFP  -  177 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      158 9 —1 If He's The Father Of Fathers FREE GIFT I Give Him The Chair Of Chairs ***** Family KMS 101 while FAMILY® KMS-101 Computerised stocks last! g Massage Chair "jMb He's thai all important person in your life, and here's jthe chance to do something about his health. This Father's
      158 words
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      Page 9 Advertisements Column 2
      1519 9 WITH THIS HAIRSTYLE, I^jib YOU'LL RECEIVE A WARM WELCOME AT THE FOLLOWING PLACES... ssssssar- Ijssssg^ra.., and STOP LOSS', the NgNy successful hair plaza singapura (yaoman supermarket) mi 76 blk 139 poh on chan meocal mall tel *****23 formula from China manufactured in Singapore *e, 02 family mealtm foods tel xineoa
      1,519 words
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  • THE WORLD
    • WORLD WATCH
      • Article
        Washington urged to back new technologies
        113 10 THE US must quickly provide more government support in developing emerging technologies or soon become a secondor third-rate economic power, a bipartisan organisation promoting industry investment said in Washington on Tuesday. "US industry is in a fight for its life, and needs the same
        113 words
      • Article
        Korean domestic car sales soar
        80 10 SOUTH KOREAN car makers' domestic sales from January to May jumped by 41.1 per cent from a year ago to 360,757 motor vehicles. The South Korean Trade and Industry Ministry reported yesterday that the exports of the country's five car makers, however, dropped by 37.2
        80 words
      • Article
        Blame put on radicals
        59 10 THE HEAD of a South Korean trade delegation says he will recommend that the Seoul government disassociate itself from a widely-reported campaign against the sale of foreign goods in his country. Speaking in Washington on Tuesday, former trade minister Kum Jin-ho placed the blame for anti-import
        59 words
      • Article
        E Germany seen as test case
        79 10 EAST GERMANY, nearing economic union with West Germany, will be seen as a test case for Eastern Europe's transformation from centrally planned to free market economies, says a leading West German industrialist. Tyll Necker, president of the Federation of German Industries, said in Bonn
        79 words
      • Article
        Efta to discuss link with EC
        81 10 THE LEADERS of six West European nations outside the EC are meeting in Goteborg, Sweden, this week to prepare a deal which would include their countries in a united Europe without compromising their sovereignty. Some observers say that is impossible. But the six members
        81 words
    • Article
      Lock icon Foreign investment in US hits record
      487 10 NYT FOREIGN investment in the US rose to a record total of US$2 trillion in 1989, up 12 per cent from U551,786 trillion in 1988, according to preliminary statistics released on Tuesday by the Commerce Department's Bureau of Economic Analysis. About a third of
      NYT  -  487 words
    • Article, Illustration
      US-Mexico-Canada trade zone?
      504 10  -  From Paul Gopal in OTTAWA ALTHOUGH presidents George Bush of the US and Carlos Salinas de Gortari of Mexico did not mention Canada in their joint statement on the US-Mexico free trade agreement, White House spokesman Marlin Fitzwater said in Washington that President Bush favours a North
      504 words
    • Article
      Lock icon Glitter in Moscow's peace dividend
      124 10 Reuter THE SOVIET UNION says it is saving tonnes of gold and silver, worth tens of millions of dollars, as it reaps the "peace dividend" from arms reductions. The Soviet Defence Ministry was quoted on Tuesday as saying it expected to re- cover three tonnes
      Reuter  -  124 words
    • Article
      Lock icon Experts fear that Japanese economic reforms may backfire
      479 10 Reuter A US PUSH to get Japan to reform economic practices which Washington says are barriers to trade could backfire by boosting the power of bureaucrats to intervene in the economy, some trade experts in Tokyo say. "To implement many of the
      Reuter  -  479 words
    • Article
      Aussie manufacturing sector heading for bad patch
      326 10  -  From Florence Chong in SYDNEY THE AUSTRALIAN manufacturing sector is headed for hard times, according to the latest survey of industrial trends. The survey showed that manufacturing performance worsened in the June quarter. New orders and output declined and investment plans continue to
      326 words
    • Article
      Lock icon Tokyo rejects US demand to tie public works to GNP
      485 10 AP JAPAN will reject a US demand that it specify public works spending as a percentage of gross national product over the next 10 years, but it will set a total amount, local news reports said yesterday. Prime Minister Toshiki
      AP  -  485 words
  • Page 10 Advertisements
    • Advertisement
      Page 10 Advertisements Column 1
      134 10 >dfi^B H /fA UP TO 70% PHILIPPE ANDREAS PTE LTD #01-14 The Regent Hotel, Cuscaden RJ. Tel: VW2B Opening all Jays from 11.00 am to 8.00 pm i t "w !^K„' s £S&*:<L. A j/m -1-1 -Jm.- For Your Favourite Continental Cuisines In Town... A sumptuous spread on some of
      134 words
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  • Article
    Banking on quick returns
    499 12 EDITORIAL NEW share listing fever strikes the Singapore market yet again. This time the pundits are predicting that an-even heavier load of application forms will fiU <he ballot boxes. As usual the largest number of hopefuls are ordinary Singaporeans, many merely taking a punt on a
    499 words
  • What the others say
    • Article
      Full before the storm?
      234 12 AWAITS Thai Prime Minister Chatichai when he returns from the United s on June 19 is anybody's guess. On Monday, leputy and Defence Minister General Chavalit jchaiyudh resigned from the Cabinet. The Thai ary has, after registering its strong backing for Chavalit, pledged support for the
      234 words
    • Article
      Hanoi must yield
      143 12 ALt THE SIGNS point to a rapprochement between long-time foes China and Vietnam. The flurry of visits to each other's capital is an obvious precursor of the normalising of relations brought about by a changed world. Because both China and Vietnam are backing opposing groups in the
      143 words
    • Article
      The human touch
      125 12 THERE IS NEED for greater consultation within and without Parliament in order that we foster a more humane society in the next 25 years. Keeping up a flow of fresh ideas and encouraging MPs and people to think deeply and debate on national issues are some of
      125 words
  • REGIONAL VIEWPOINTS
    • Article
      Too much at stake
      199 12 UtfTIL yesterday, Thailand could confidently claim to be the model country of South-east Asia. Pol it iqaily, this country has come a long way in its overall democratisation process. Despite many shortcomings in the electoral system, the social pluralism and relative political stability have transformed Thailand
      199 words
    • Article
      Refreshing connections
      128 12 The special bond that Shanghai has with Hongkong is being revived by the visit to the territory by its mayor, Zhu Rongji, to promote the Pudong industrial zone. Shanghai was once the premier city of the Far East, a distinction its wants to regain after four decades of
      128 words
    • Article
      Not a substitute
      177 12 LOOSE quotes on serious international issues as revealed by secondary sources naturally cannot be the basis for assessing a country's latest position in that particular dispute. Therefore, it would be too rash to conclude from a remark attributed to a senior Soviet foreign affairs official on the
      177 words
  • Article, Illustration
    Lock icon Fast to rise, even faster to fall
    789 12  -  Richard Stevenson reports on the rise and rapid fall of" the First Network Savings Bank in the US Richard Stevenson NYT CARL RHEUBAN founded First Network Savings Bank in 1983, and for six years poured its gov-ernment-insured deposits into questionable real estate deals,
    NYT  -  789 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      138 12 i jSl&j SSI I w^Hm i^HQH j^H l £dHV w_ Jfl '^y v .-r 4W' &h£sS»,-\j^^^^^^^flysnHH|HpßHHHE9M^k'^ <" v' < 11 To- 5 «<» 1 rl. if£,- Qfo r. i' -i« ii ffTiTTirffg i TnnMrnTTr "'BF pi jjg "*jfc f *'"fc3''' V v <v r*pS? V '**v v T vi.'-. 4^E^^2£^B'
      138 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      33 12 DOONESBURY UW/HAVZ IDUNNO. I UJHEHIHJASVQJ, IHADTffItKR UM...IDONTT OKAY, OKAY YoußeeN oueeeycu amorningcupofcoffee, i wahtobz m/mbl've 7WING TO REfV&eNTA UJASN7 PR&XOJPeP-IUJAS RUPt.OJTPO ROMmaZBP &TIN TOUCH SWPt£R VMS... PFBSCNTFORMYCHIU?. RA&HQ YOU HAVt fTA3fT... HBR6AVe>*YUFt TAN&Bie
      33 words
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  • ANALYSIS
    • Article
      Lock icon Oil clean-up plans stuck on drawing boards
      854 13  -  US government and industry plans to fight oil spills are ambitious and praiseworthy on paper. But they have yet to be translated into action and seem unlikely to see the light of day. John Cushman reports John Cushman NYT ANNOUNCED with much fanfare
      NYT  -  854 words
    • Article, Illustration
      Lock icon The houses tumble, the state dithers
      1143 13  -  In 1972, Idi Amin expelled about 80,000 Asians from Uganda because of what he called 'economic imperialism'. Today, the government is considering allowing them to return to re-build a shattered economy. Jane Perlez examines the reasons and implications Jane Perlez NYT FOR SALE or
      NYT  -  1,143 words
    • Article, Illustration
      Lock icon Turning over a new leaf in Japanese history
      581 13  -  Japanese textbooks tend to wash over the country's role in World War 11. This has led to criticism by other nations and calls for more honest accounts to be taught in schools. Asahi News Service reports on a teacher's efforts to set
      Asahi  -  581 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      25 13 Mac Ability Business, Scientific and Educational Consultants for the Apple Macintosh™ 1 to solve your Apple Macintosh™ systems i application problems call 336-3982 ext. 298
      25 words
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  • FOCUS
    • Article
      COPY LINES
      124 14 OGILVY MATHER Singapore recently clinched two awards at the 21st Typographers International Association Design Excellence Competition in Toronto. The agency received a silver award for its Jason supermarket ad, and a bronze for a Tradewinds Airline print campaign. Both awards were for typographical excellence. A NEWSPAPER for Japanese
      124 words
    • Article
      Corrections & clarifications
      54 14 Corrections clarifications IN LAST WEEK'S article, "To be international, and among the top 10", DDB Needham's plans were outlined by its managing director Phil Solman and not by chairman Steven Kwik as stated in the article. We are sorry for the error. Mr Solman was managing director until 1983 when
      54 words
    • Article, Illustration
      The return of Bill Dowler
      459 14  -  The man who turned DMB B around is back, reports Genevieve Cua ADVERTISING MARKETING EDITED SY IOH HUI YIN Genevieve Cua THE MAN credited with turning around the fortunes of advertising agency D'arcy Masius Benton Bowles (DMB&B) is back this time, to start his own
      459 words
    • Article, Illustration
      Chuo Senko hires top-notch creative director
      226 14  -  By Sangeeta Mulchand JAPANESE ad agency Chuo Senko has recruited a creative director with extensive experience as part of its strategy to strengthen its competitive position in Singapore. With the appointment of Tim Clark, and other investments, the nine-year-old agency is targetting at a
      226 words
    • Article
      MARKETING MATTERS
      327 14  -  By Jane Tubb Jane Tubb is Offlivy Mather Direct 's Client Service Director nature one human being in controlled dialogue with another. What began as "ordering by telephone" soon evolved into a concept defined by AT T as the "marriage of telecommunications technology and direct marketing techniques". Selling
      327 words
    • Article
      Telephone marketing without hang-ups
      209 14 MORE than a century ago, Alexander Graham Bell invented the telephone. Today, the instrument is so widely used that it is easy to forget how dramatically its development has changed the way by which we communicate, live and do business. However, the telephone was not recognised
      209 words
    • Article, Illustration
      Lock icon Towards performance-based payments
      544 14 DDB Needham Worldwide's decision to adopt a new and radical compensation scheme bodes well for the industry NYT Ddb needham Worldwide is to announce the creation of a compensation system that ties the money it makes to the market performance of its clients' products. This is the
      NYT  -  544 words
    • Article, Illustration
      Coffee, tea or personal video?
      60 14 AIR VISION, a joint venture between Warner Brothers and Philips, has come up with a 'personal video" for seat-bound passengers on long-hauj flights. The mini-monitors, which are attached either to seat-backs or armrests, allow each passenger a selection of six channels. The screens are cutVently
      60 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      200 14 Enjoy health foods the herbal way Hua Tuo Gulling Jelly Prepared from an ancient recipe Zp- "Guangzhou Sanhutang" which uses 20 superior herbs, Hua Tuo Gulling Jelly contains no preservatives. It is famous L for its health-giving effects. J JCu 'V*// Herbal Cooling Tea ft Hua Tuo Shenxian Porridge Porridge
      200 words
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  • SPORTS
    • Article, Illustration
      Lock icon Day of mixed fortunes for World Cup minnows
      408 15 AFP ANY THOUGHTS that Cameroon's victory over Argentina was simply African witchcraft were quickly dispelled when Egypt made Ruud Gullit's Dutch masters look like fakes in the World Cup on Tuesday. It was the Egyptians who were the artists, weaving a series
      AFP; Source: AFP picture  -  408 words
    • Article, Illustration
      Lock icon Kite's hoping to fly even higher this year
      399 15 AP FOR YEARS NOW, Tom Kite has put himself within reach of golfs great championships. He was second in the British Open as early as 1978. From 1983 through 1986, he had a chance to win in the last round of all
      AP  -  399 words
    • Article
      Lock icon Pistons widen lead over Trail Blazers in NBA finals
      223 15 AP THE DETROIT PISTONS took command of the NBA finals on Tuesday, after Isiah Thomas took command in the second half. Thomas's bank shot with 26 seconds remaining in Portland, Oregon, enabled the defending champions to hold off a desperate rally
      AP  -  223 words
    • Article
      Lock icon Skipper Bergomi remains Italy's rock in defence
      344 15 AP AT 26, Italian captain Giuseppe Bergomi is not an old man by soccer standards. But to Italian fans, it seems like the tall right back has been wearing the blue shirt of the Azzurri all his life. He became the youngest member
      AP  -  344 words
    • Article
      Lock icon Beep, it's calculator time at World Cup
      221 15 AP IT's calculator time at the World Cup. The second games of the first round are approaching, and mathematicians should have a field day. The rules of the competition make provision for 16 teams to advance to the sud-den-death second round and for
      AP  -  221 words
    • SIDE LINES
      • Article
        Farr likely to design Conner's Cup defence
        119 15 THERE'S a 50-50 chance that New Zealand's Bruce Farr wiH design American Dennis Conner's next America's Cup defender. Conner's team operations manager, Bill Trenkle, said yesterday that negotiations have been going, off and on, since early last year when Farr sent Conner a
        119 words
      • Article
        Ford takes over
        40 15 CHRIS FORD, 41, has taken over from Jimmy Rodgers as manager of Boston Celtics. Rodgers was sacked last month. Ford, who played 10 seasons in the NBA with the Detroit Pistons, worked as Rodgers's assistant from 1981.
        40 words
      • Article
        Srejber upsets Noah
        46 15 MILAN SREJBER of Czechoslovakia caused the first major upset of this year's Continental Grass Court tennis tournament by ousting first-seeded Yannick Noah of France 6-3, 6-3. Srejber's second-round opponent will be Swede Henrik Holm, who beat Michiel Schapers of the Netherlands 6-4, 7-5.
        46 words
      • Article
        Lendl moves on
        45 15 DEFENDING champion Ivan Lendl on Tuesday continued on schedule for the Wimbledon championships, beating Simon Youl 6-4, 6-2 in the second round of the Stella Artois grass court championships. Last year's Wimbledon champion, Boris Becker, and runner-up, Stefan Edberg, also won easily.
        45 words
      • Article
        McNeil beats Reinach
        52 15 LOR I McNEIL, the highest-ranked player in action at 47th in the world, defeated Elna Reinach of South Africa 7-6, 6-4 on Tuesday, in the first round of the Dow Classic grass couit championships. In other action, qualifier Julie Salmon beat another British player, Sarah Loosemore, 7-6,
        52 words
      • Article
        McKay still smarting
        99 15 ANTONIO McKAY has not committed a crime, yet he feels The Athletics Congress in California has made him feel like a murderer. McKay's anger stems from his three-month suspension in March by TAC, track and field's governing body in the US, for testing positive for phenylpropanolamine (PPA),
        99 words
      • Article
        More than a little help
        76 15 JAMAICAN sprinter Merlene Ottey almost ran this year's fastest time in the women's 200-metre dash on Tuesday, but she got too much help from the wind. Running in the 2nd Annual Tenerife International Track Meet, Ottey zipped through the race in 22.08 seconds a time
        76 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      127 15 (seasonal lows predicted) lliHit has decided to help motorists weather the storm of high costs of driving a car, with a special low-rate season. Starting now you can rent a well-maintained car, any make, economy to luxury, self-drive or chauffeured, at a lower rate than usual. You'll find that our
      127 words
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  • Page 16 Advertisements
    • Advertisement
      Page 16 Advertisements Column 1
      218 16 WHERE TO WINE. DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by wond of-mouth. For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext
      218 words
    • Advertisement
      Page 16 Advertisements Column 2
      384 16 ASBKRKLTNG NEW PORMtfION APPEARS TONIGHT ABOVE SOOTRWHD CANOPY BAR Wiae ami With its spectacular glass frontage. the ('anopy liai IK the ideal ptacc U> see the stars It's alsofStngaporc's newest and itkisl exclusive rendezvous The Canopy Bar. upstairs at the Hyatt jr < Seafood BBQ Deleetnhle crul>s; spicy stingrays; big
      384 words
    • Advertisement
      Page 16 Advertisements Column 3
      176 16 Watch beautiful models in bright and breezy swimwear every Thursday at 7.30 pm. Happy Hours: 6 8 pm (Monday Friday) 30% off standard drinks. fhon PlazaH 9£& vy hr»* Kuad SMaapirr 07If >f MIMi tfcl&S'j ROSEGARDEN SICHUAN RESTAURANT H Level 5, Golden Landmark Hotel 390 Victoria Street. Singapore The Art
      176 words
    • Advertisement
      Page 16 Advertisements Column 4
      193 16 Daddy-Catered To You J Bring Dad to The Mandarin I Singapore for Father's Day i on June 17. From Scandinavian to local fare, I K Western or Sichuan or lunch J g at Top of the M. 8 k We've got the place, let j Dad have his choice. jj
      193 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      751 16 TELEVISION AND RADIO ***** s mhi 1 -W"l 1 Til d\ ll Sh 1 111 I 7.00 PM Italia 90 Highlights. 930 JJ* W4COV ry Pr °S ram 8.30 Swn f". < R2) BBC, 89.9 nHz ill VHF Band II VJ vl lllclll tlUlll 8.05 The Nuclear Age The lftM
      751 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Premature but not retarded
      1016 17  -  A programme to help premature babies develop intellectually has shown striking results, reports Gina Kolata Gina Kolata NYT The first large-scale study of a development programme for babies who weighed less than normal at birth showed that it achieved striking success. The programme raised their average
      NYT  -  1,016 words
    • Article
      Lock icon Ladies of the forex market
      642 17  -  Wealthy women in Hongkong do not just spend their time and money in idle pursuits, reports Victoria McGlothren Victoria McGlothren Reuter IN HONGKONG, rich ladies lunch, shop and play the foreign exchange market. Dealers who have worked in other financial centres say Hongkong is one
      Reuter  -  642 words
    • Article
      It's harder for ageing actresses: Shepherd
      554 17 CHATTERBOX CYBILL SHEPHERD, who turned 40 this year, says "there are doors that close for every door that opens" for an ageing actress. "John Wayne once said, when he was asked whether he would be an actor again if he had it to do
      554 words
  • Page 17 Advertisements
    • Advertisement
      Page 17 Advertisements Column 1
      299 17 AND ENTERTAIN A Special Treat For A Special Dad. BRUNCH ADULTSIM SETDINNER 111 PE* SET LUNCH ADULTS»r>. BUFFET DINNER ADULTS I On June 17 show Dad you think he's one in a million. At Cafe-in-the-Park and Hubertus Grill, we'll make your celebration memorable with mouthwatering treats. Our way of helping
      299 words
    • Advertisement
      Page 17 Advertisements Column 2
      199 17 a Restaurant and 1 K\/ll\/% Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE US Fillet Steak Lobster a la Russe Fish en (Papillote) Restaurant Hours Lunch: Karaoke Hours Mondays to Saturdays Daily: 1130 am to 2.30pm 7.000pm to 2.00 am Dinner: Mondays to Sundays Tel: *****22 6.00pm to 10.00pm Fax: *****33
      199 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Cautious investors bring stock prices lower
      4463 18  -  By William Chia CAUTIOUS trading on the Singapore stock market caused share prices to close easier over a broad front as investors liquidated their positions following a morning fall in Tokyo stocks. An analyst said the market was remarkably quiet with few institutional investors
      4,463 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4257 19 Main Board Spore BusF 500 945 +260 38 0% SIA Foreign 2080 +30 +1.5% OUE 960 +20 +2.1% Spore Bus 500 605 20 +3.4% DBS 1390 +10 +0 7% SIA 200 1360 +10 0 7% Hong Fok 324 +8 +2.5% ICB 476 +6 +1.3% Metalock
    4,257 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      260 20 Company Date Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend (*000) (coots) Sports loto Jun 9 Apr 90 M$45.748($41.391) 32 7(28 4) 30(45) Acma Jun 8 Dec 89 $8,1851 (12.7371) Gold Comi lun 8 Dec 89 $9.622($6.617) 24.3(16 7) 8 5(8 5) (kind
      260 words
    • Article
      PRELIMINARY RESULTS
      152 20 I Company Date Year Group pre-tax Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) rta Msia Jun 8 Mar 90 MS3.187L($2.717L) Hope Jun 7 Mar 90 MJ59,793($149.622) 7.1(17 7) 9(16) Jun 7 Mar 90 HKJ4.643d($3.954d) 391(32.7) 56(45) InsasBbd Jun 7 Dec 89 M$ll,578l($l,204l) i
      152 words
    • Article
      DIVIDENDS ANNOUNCED
      1026 20 Current Ex Boohs Date Total for Total for payment date close payaMe the year last year fcncd 10% Jun 18 Jun 28 Jul 16 10% 10% Ayino 7 5%TE(I) Oct 12 Oct 25 Nov 15 75%TE 25%TC BAI 8% Jun 8 Jun 22 Jul 2 8% 5% Bonvesfe
      1,026 words
    • Article
      INTERIM RESULTS
      149 20 •V Comoanv Date Half-year Croup pre-tax Interim ann to profit/loss (L) dividend (000) A„mo )un 8 Mar 90 $1,571(16.126) 7.5TE(10TE) |U Keoone )un 1 Mar 90 M$54.868($102.481) NYA(5) LT "«V 23 M»)0 128.406(119.534) 1(1) Van (ter Horst May 21 Mar 90 $1,836(5315) Goodwood Park Ma, 16 Mar 90
      149 words
    • Article
      CORPORATE DEVELOPMENTS
      497 20 Jun 12 Far East Levingston ShipbuMing has clinched another mega deal from Teleglobe Marine (US) Inc for a cable laying ship. G K Goh is to be listed on the main board of the Stock Exchange of Singapore under the Finance section on June 14. The Malaysian Capital
      497 words
    • Article
      RESULTS DUE
      427 20 Singapore Stocks last Full Year Company Period Date Year Net EPS Gross Net mnowtd rafcf (cents) *> profit last year (J-000) beta Final Feb 28 Nov 89 391 100 11.728 Marco Mo Final Mar 27 Dec 89 3.471L I rax Huat Interim Mar 30 Dec 89 5351(h) M
      427 words
    • Article
      APPROVED ISSUES
      335 20 Company Rights Issue Apofc One tor one fa, SI 85 per stare Ex date Apr 23 Books Qose May 7 Acceptance k Payment ton IS £8 Corpn One-tor three (p, Mil 60 per share 131m IS Convertible Unsecured Loan Stock of Mil 00 nominal value to be issued
      335 words
    • Article
      PROPOSED ISSUES
      511 20 Company Rights Issue Causeway h* Capital reduction scheme to reduce par value of shares from $100 to $0 60 Rights issue of 3 2 (a JO 60 per share ciw One for one MJ4 00 pe» share tyery four r«hts shares would be issued with one ISfi FAC8
      511 words
    • Article
      BONDS, LOANS & WARRANTS
      672 20 BONDS, LOANS WARRANTS full III) Camonlon pwfai Cwwwntw tana tor o— ardiaaor start CtC at Betore 26/4/93 1 warrant plus $3 09 cash C—> t— Cw.it N( 2/10/89 to 20/10/94 1 warrant plus $1 cash or 1 warrant plus $1 nominal amount at loan stock. On H* fete M—>87 to
      672 words
    • Article
      COMPANY MEETINGS
      239 20 Sunma hvestments Ltd: EGM at the Boardroom, 10 Jalan Besar #17-01, Sim Lim Tower, Singapore 0820 on Thursday, June 14, at 10am. Tuan Siig Holdings Ltd: 20th AGM at the Taurus Room, Level One, Marina Mandarin Singapore, 6 Rattles Boulevard. Marina Square, Singapore 0103 on Friday. June 15,
      239 words
  • Page 20 Advertisements
    • Advertisement
      Page 20 Advertisements Column 1
      561 20 ACHIA ACMA ELECTRICAL INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE is hereby given that an Extraordinary General Meeting of the Company will be held at 9 Gul Circle, Jurong Town, Singapore 2262 on 29 June, 1990 immediately after the conclusion or adjournment of
      561 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares beat a retreat for third straight day
      3714 21 Bernama Reuter SHARE PRICES in Kuala Lumpur declined for the third consecutive day yesterday as the uncertain trend in Tokyo continued to depress sentiment. Losers far outpaced gainers by 141 to 31 while 39 other counters were traded unchanged. The KLSE Composite
      Bernama; Reuter  -  3,714 words
  • Page 21 Advertisements
    • Advertisement
      Page 21 Advertisements Column 1
      317 21 lIIIIIIIIIIMIiIIIinirMMIIIIIIIIIIMIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIHII S.G.Warburg group pic The year ineluded a wide variety of conditions, with a high level of corporate activity and a decline in securities trading volumes in the second halt. Impressive contributions were made by corporate finance, equities, financing, treasury and asset management. The key to these achievements has been
      317 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks break three-day losing streak
      2200 22 Reuter TOKYO stocks were mildly firmer at the close in thin trade yesterday, breaking a three-day losing streak for the benchmark Nikkei average. Investors crowded the sidelines in the wake of the recent declines and ahead of US economic data to be released this week,
      Reuter  -  2,200 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Profit-taking sends market lower
      2565 22 SHARE prices on the Hongkong stock market fell moderately on profit-taking yesterday with the Hang Seng Index dropping 17.86 points to 3,185.14. Turnover also came down to HKS2.O6 billion (US$264 million), against Tuesday's HKS2.3 billion (US$295 million). Following Tuesday's sharp rise, the market opened higher at
      2,565 words
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  • REGIONAL STOCK MARKETS
    • Aussie banking stocks in the limelight
      • Article
        Untitled
        423 23 Roda Vivalex ***** unch 60 San Husada ***** unch Schenng Plough Indo ***** 200 980 Semen Cibinong ***** 400 5 Sepanjang Surva Gas 9600 unch Sepal u Bat a ***** unch 75 Singer Indonesia 2400 unch Soedarpo Corp 4650 50 95 Squibb Indonesia ***** unch Sucaco ***** 1000 25 Summarecon
        423 words
      • Article
        AUSTRALIA
        1136 23 AUSTRALIA'S sharemarket closed firmer yesterday but off its highs with trade dominated by major banking stocks, brokers said. The All Ordinaries Index ended 9.4 points up at 1510.1, after peaking at 1514.4, after a 41-point rise in Wall Street overnight set the scene for an early rally. National Australia
        1,136 words
      • Article
        Untitled
        90 23 Close Previous June 13 SYDNEY All Ordinaries Index 1510.1 1500.7 +9.4 All Industrials Index 2368.2 2357.6 +10.6 All Resources Index 857.2 849.2 +8 Turnover (million) 96.60 73.33 23.27 BANGKOK SET Index 994 62. 1016.66 -22.04 Turnover (nearest '000) NA 44,674 JAKARTA Composite Index NA 634.42 Turnover (nearest '000) NA NA
        90 words
      • Article
        BANGKOK
        554 23 SHARP gains by Thai stocks at the opening yesterday were wiped out by late-session profit-taking across the board which sent stocks plunging in heavy trade, brokers said. The composite SET Index fell 22.04 points to close at 994.62. Siam Cement was down 140 baht at 6546 and Siam City
        554 words
      • Article
        TAIPEI
        346 23 THE TAIWAN stock market finished higher yesterday as investors began to buy in the last hour after a mid-morning run of profit-taking, dealers said. The weighted index rose 200.10 points, or 3.2 per cent, to finish at 6,523.32. Turnover was NTS9I.9 billion against NT574.7 billion on Tuesday. Rises led
        346 words
      • Article
        MANILA
        515 23 PHILIPPINE stocks closed higher yesterday, but strong opening gains triggered by impulse buying following Tuesday's quiet Independence Day observance were pared by late profit-tak-ing, brokers said. The Manila Stock Exchange composite index ended at 855.76 points, up 53.02 from Monday. There was no trading on Tuesday. "There was some
        515 words
      • Article
        Untitled
        343 23 la local currency In S$ la US$ day year day year day year June 12 Index change change change change change change World 432.6 0.1 -6.9 -0.1 -11.2 0.0 -8.7 4EAFE 602 3 -02 -11.6 -0.1 -16.3 0.1 -13.9 Europe 448 8 0.4 -0.4 0.7 -0 1 0.9 2.7 Pacific
        343 words
      • Article
        SEOUL
        845 23 SEOUL stocks fell in thin trade yester- day on fears that government inflationbusting steps would squeeze money supply in the second half of the year, brokers said. The composite stock index fell 4.41 to 780.56, with volume light at billion won against 140 billion on Tuesday. Falls led rises
        845 words
      • Article
        NEW ZEALAND
        364 23 NEW ZEALAND share prices closed scarcely changed in quiet trade yesterday, with encouraging offshore market performances offset by news that two 1 domestic banks will lift mortage lending rates over the next month. "The marked languished this after- 1 noon," said Buttle Wilson's Peter HalHgan. "There was no
        364 words
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  • WORLD STOCK MARKETS
    • Late rally fuels 41-point rise in the Dow
      • Article
        Untitled
        884 24 Other markets in Europe, South Africa and Canada Amsterdam June 12 Fls ABN 36.40 unch Aegon 127.10 +1.3 Ahold 144.20 +3.2 Akzo 122.50 -0.1 Alrenta 155.10 +0.1 AMEV 56.80 +0.1 AMRO 72.50 unch Ass. Stad 48.20 -0.4 BOLS 179.50 +0.5 Borsumy 93.30 +0.3 Buehrman Tetterode.... 68.20 1 CSM 84.70 +0.2
        884 words
      • Article, Illustration
        NEW YORK
        1477 24 HEAVY program buying shook US stock prices out of a day-long lethargy on Tuesday and helped blue chips end with their strongest gains in two weeks. Concentrated interest in large-capital-isation stocks and a feeling that upcoming inflation data will be benign also fuelled the rise. The Dow Jones
        1,477 words
      • Article
        Untitled
        88 24 June 12 Close Previous NEW YORK Dow Jones 2.933.42 2,892.57 +40.85 NYSE Financial 151.35 150.74 +0.61 SAP 500 366.25 361.63 4.62 Turnover (million) 157.10 119.6 +37.5 LONDON Financial Times 30 1901.00 1877.9 23.1 FTSE 100 2370.70 2348 80 21.9 Turnover (million) 429.7 375.6 +54.1 AM SURD AM CBS General 198.00
        88 words
      • Article, Illustration
        LONDON
        909 24 THE UK FTSE-100 stock market index rose above 2,400 at yesterday's midsession, its highest intra-day level since January 12. Shares were boosted by a higher Wall Street close and renewed expectation, sparked by a report in Monday's Financial Times newspaper, that sterling could enter the European Exchange Rate Mechanism
        909 words
      • Article
        MILAN
        236 24 ITALIAN share prices yesterday opened slightly lower in a steady but highly technical market dominated by yesterday's end to the June trading month, brokers said. "Many people seem to have waited until the last day to square positions," one trader said. The MIB index was down 0.4 per cent
        236 words
      • Article
        PARIS
        269 24 FRENCH share prices opened higher yesterday, buoyed by Wall Street's surge overnight, but the market failed to hold all of its initial strength, dealers said. The CAC-40 index started at 2,022.25, up 16.43 points from yesterday night's close. It stood 8.48 points higher at 2,014.30 by 0839 GMT. A
        269 words
      • Article
        FRANKFURT
        296 24 WEST GERMAN shares tumbled through the psychological 1,800 point support level yesterday on the 30-share DAX index, in thin lacklustre trade. Dealers said there was no real pressure to sell, but absolutely no buying interest in a generally gloomy market. Dealers were reluctant to estimate how far prices may
        296 words
      • Article
        STOCKHOLM
        96 24 PRICES on the Stockholm bourse fell slightly across the board in moderate early trade yesterday. By mid-mofjiing, the general index had lost 0.15 per oent, while blue chips fell 0.26 per cent. Early turnover was 176 million crowns. Stockholm June 12 Kronor Alfa Laval B Free 265 5 Asea
        96 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Widespread profit-taking erodes greenback's early gains
      1191 25 FOREX MARKET REPORTS THE US dollar yesterday rallied in Asian currency markets to close just aibove 155.00 yen for the first time since since May 11. But it retreated on selling led by life insurers and exporters. Dealers say mounting caution before a batch
      1,191 words
    • Article
      Simex, IPE to cooperate in Dubai futures
      342 25  -  By Soh Tiang Keng THE Singapore International Monetary Exchange has joined hands with London's International Petroleum Exchange (IPE) to develop their Dubai oil futures contracts. Both exchanges announced in Singapore yesterday they have reached a co-operation agreement under which they will jointly produce
      342 words
    • Article
      FINANCIAL FUTURES
      1473 25 SljjEX June .3 EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Jun 90 91.66 91.66 91.65 91.66 650 ***** 885 Sep 90 91.73 91.74 91.72 91.73 2579 ***** 5507 Dec 90 91.63 91.64 91.63 91.64 1026 4906 1074 Mar 91 91.55 91.57 91.55 91.56 198 1636 500
      1,473 words
    • Article
      INTERBANK FOREX RATES
      392 25 Cross rates June 13 USS S$ MS Dm Yen SFr AS NZ$ IJSS 1.8485 2.7095 1.6950 154.60 0.5872 1.4380 1.2912 1.7256 SS 0.5410 1.4658 0.9170 0.8364 0.3177 0.7779 0.6985 0.9335 MS 0.3691 68.22 0.6256 0.5706 0.2167 0.5307 0.4765 0.6369 Dm 0.5900 1.0906 1.5985 91.21 0.3464 0.8484 0.7617
      392 words
    • Article
      MONEY MARKET
      571 25 Interbank rates S$ Bid Offer Overnight 4 1/2 5 1-month 6 15/16 7 1/16 2-month 7 7 1/8 3-month 7 1/16 7 3/16 Overnight mode: 5 1/4 LiSS Rid Offer "7 days 8 3/16 8 5/16 I month 8 3/16 8 5/16 3- months 8 3/16 8 5/16
      571 words
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  • COMMODITIES
    • Article
      Lock icon Members of Opec underestimate Iran: experts
      511 26 Reuter A RISE IN Iran's oil production capacity could force other big players in the troubled world market to revise their game plans. Western industry executives say that a current glut and this year's 30 per cent slide in oil prices reflects, at least
      Reuter  -  511 words
    • Article
      Lock icon Malaysia to limit export of timber raw materials
      251 26 Bernama MALAYSIA is fully committed to promoting downstream utilisation of timber resources and will go all out to limit the export of timber raw materials. Malaysian Primary Industries Minister Datuk Seri Dr Lim Keng Yaik said. Certain quarters in the industry had
      Bernama  -  251 words
    • Article
      Uncertainty on LME takes toll on M'sian tin
      828 26 REPORTS THE Kuala Lumpur Tin Market (KLTM) continued its downtrend yesterday to close four sen lower at M 516.50 per kg on scattered buying interest. Opening bids of 30 tonnes saw offers of 80 tonnes. Of the total turnover of 56 tonnes,
      828 words
  • Article
    PRICES
    1471 26 Rubber June 13 MS (tob hi halt) S cents/kg Noon ("lose Int I RSS Prompt 155.25/156.25N 155.25/156 25N Int I RSS July 90 157.00/157.50 157.00/157.50N Int I RSS August 158.50/159 00 158.50/159 .OON Int 2 RSS OP 151 50/153 50N 151 50/153.50N Int 3 RSS OP I46.00/I48 00N 146.00/148
    1,471 words
  • Page 26 Advertisements
    • Advertisement
      Page 26 Advertisements Column 1
      1012 26 NOTICES (CHAPTER 20) IN THE HIGH COURT OF THE REPUBLIC OF SINGAPORE In Bankruptcy No. 1277 of 1990 Re: CHIA FAN CHONG Ex-Parte: UMBC FINANCE LTD. ...Judgment Creditors In the Matter of Bankruptcy Notice issued herein on the 21st of May 1990. NOTICE OF ADVERTISEMENT TO: CHIA FAN CHONG Block
      1,012 words
    • Advertisement
      Page 26 Advertisements Column 2
      15 26 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      980 27 City Flight ETA Flight ETD Abu Dhabi GA887 1225 KL840 2115 GA975 1300 GA894 2350 KL839 1415 AMaMe SQ228 2015 UF82 2200 QF81 2045 Amsterdam SQ23 0720 KL840 2115 GA975 1300 SQ24 2200 KL839 1415 GA894 2350 Athens 0A472 0050 Auckland BA11 1455 SQ325 2045 Bahrain
      980 words
    • Article, Illustration
      For sale: a fort above the waves
      696 27  -  LETTER FROM ENGLAND By Michael Rank THE ultimate millionaire's hideaway, a luxuriously refurbished fort two kilometres off the southern English coast, is for sale, complete with lighthouse, helicopter and fleet of power boats. The asking price for No Man's Land Fort, built after
      696 words
    • Article
      MONEY CHANGER RATES
      151 27 As at 3pm yesterday: dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4210 1.4410 Canadian dollar 1.5600 1.5800 NZ dollar *****0 1.1080 Sterling pound 3.1310 3.1610 IIS dollar 1.8445 1.8545 l>ocal dollars to 100 units of foreign currency Austrian schilling 15.20 16.20 Belgian
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      88 27 Duration Tide Venue Organiser Tel Duration_Ji«e Venue Oignaer TO Jun 10-17 Poznan Poland Foire Internal. (48)6/661-221 Jun 22-25 llthlntl Hongkong Business A 5-*****3 International onak De Poznan Machinery Convention Industrial P jif Materials Centre Trade Fairs Jun 11-16 International France Comite des (33)1/*****001 Exhibition Pans* 1 un
      88 words
  • Page 27 Advertisements
    • Advertisement
      Page 27 Advertisements Column 1
      52 27 y, The business person's choisie escrs !"uesdas, M M m Ihursdas.Saturdas andSundas.leasing( hanp 1 I I I 1 /\l W Airport at 22:C5 hours and arrising at O Hare R R R S International Airport the following das. .ill \<».v w't '"-Air mimu m A BKKATH OF Fkfsh AIK Air
      52 words
    • Advertisement
      Page 27 Advertisements Column 2
      623 27 f HIM JOO CM FACTORY BCRHAD (Incorporated in Malaysia) RESULTS FOR THE YEAR ENDED 31ST DECEMBER, 1989 The Directors are pleased to announce the audited results of the Group and of the Company for the year ended 31st December. 1989. GROUP COMPANY Increase 1989 1988 1989 1988 Group Company MS'OOO
      623 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      265 27 But less important than a 8 Lucky thing there is a brass spinner! (5-6) ~~hBT 11 Money in Greece made old boy look back V j|H~~ 12 Pop needs oxygen after pH wall-decoration... (4) 1 3 I I I 14^M15 13 and Mum takes sover- L_ eigns for 15 Court
      265 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      210 27 Singapore Outlook: Showers over several areas in the morning. Report: Max temp 32.3* C Assoc humidity 68% Min temp 26.4* C Assoc humidity 97% Hrs of sunshine 3.30 Rainfall in mm 0.3 Rainfall this mth 107.3 Rainy days this mth 5 World forecast Asia-Pacific Hi/I>o* Cond. Auckland 12/07 Showers Bangkok
      210 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      19 27 Ren owt's ,)(i'n PRcffcßiNG RsR IN wepe... Per c,L o«y V_ __V 7e EVENING STANDARD CO LTD., IM2-IMO gmj
      19 words
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  • Article
    URA awards Bugis Street site to consortium
    409 28  -  By Lee Han Shih THE URBAN Redevelopment Authority (URA) is selling a piece of land at Bugis Street for $350 million to a consortium owned by two listed property companies and one of its own subsidiaries. The parties are Straits Steamship Land (SSL),
    409 words
  • Article, Illustration
    Technopolis show impresses President
    148 28 THE SIGHTS and sounds dazzled. Pavilion after pavilion brimmed with ideas of what life in the future could be like. Like the thronging crowds, the President was impressed. "It's marvellous, it's a wonderful way to spend time," President Wee Kim Wee said yesterday after spending more
    148 words
  • Article
    Lock icon Chatichai voices regret over Chavalit resignation
    180 28 AFP THAI Prime Minister Chatichai Choonhavan said there was no reason for the resignation of his deputy, Chavalit Yongchaiyudh, since he was assured of being the next premier, it was reported yesterday. General Chavalit resigned on Monday as both deputy prime minister and defence
    AFP  -  180 words
  • Article
    Lock icon Soviet minister defends need for a market economy
    231 28 Reuter SOVIET Prime Minister Nikolai Ryzhkov, under heavy fire over his government's economic reform plan, yesterday said the creation of a market economy was the only way ahead for the country. He was speaking in Moscow as the Supreme Soviet (Parliament) headed
    Reuter  -  231 words
  • Article
    Lock icon Conception denies quitting
    88 28 AFP PHILIPPINE Trade Secretary Jose Concepcion denied yesterday that he would resign or go on leave after being linked to alleged anomalies surrounding a Philippine-Taiwan petrochemical project. A Manila newspaper reported on Tuesday that President Corazon Aquino would ask him to go on indefinite leave this month.
    AFP  -  88 words
  • Article, Illustration
    Requirements for CPF stocks need reviewing
    755 28  -  The Bottom Line CONRAD RAJ CONRAD RAJ The writer is a senior correspondent on the Companies Desk WHILE ATTENDING the annual general meeting of a listed company recently, I was asked by someone the reason for Acma Electrical Industries continuing to enjoy trustee stock
    755 words
  • Article
    Lock icon Moscow and Lithuania closer to resolving dispute
    220 28 Reuter AP SOVIET Prime Minister Nikolai Ryzhkov said yesterday that Moscow and Lithuania were finally breaking their deadlock over the rebellious Baltic republic's independence declaration. Meanwhile, officials in Moscow said President Mikhail Gorbachev, faced with a splintering empire, has proposed remaking the Soviet
    Reuter; AP  -  220 words
  • Page 28 Advertisements
    • Advertisement
      Page 28 Advertisements Column 1
      101 28 Sflcchis) Genuine Leather Collection Ac 2 i i s i m > 1 »jg I\ > f\ i l^^if 6ERRUTIIBBIITOM39 MEN'S BOUTIQUES BHUpITUOH B'W3M #01-15 The Paragon, Orchard Road Tel: 2*5 %SS #02-54 hO Vi Atria. Orchard Road I el: 7*4 l M\ #01-45 Forum Oallcria, Orchard Road Tel: 7
      101 words
    • Advertisement
      Page 28 Advertisements Column 2
      131 28 (sAcehjT) Genuine Leather Collection FOR SALE 164 acres of freehold industrial land in W. Malaysia 164 acres at Province Wellesley, Penang Located at major cross-roads and highway 30 minutes to Penang harbour 15 minutes to railway Ready access to water, electricity, public transportation and telecommunication facilities Abundant supply of skilled
      131 words
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  • SHIPPING TIMES
    • Article
      Lock icon Delta, Swissair and SIA plan joint projects
      481 29 Reuter DELTA AIR Lines Inc, Swissair and Singapore Airlines are considering various joint projects, such as a global small package delivery service and combined purchasing, flights and tour packages. Chief executives of the three companies, which last year formed the world's first "Global
      Reuter  -  481 words
    • Article
      Asian ports dominate world box scene
      297 29  -  By Rahita Elias ASIAN PORTS again emerged as the dominant players in the international box scene last year, with six of them retaining their positions among the top 10 container ports in the world. The six led by Hongkong and Singapore respectively handled over
      297 words
    • Article
      Aussie airlines recovering
      171 29 THE RECOVERY of Australia's domestic airlines following the pilot's dispute last year is continuing, according to passengers statistics released on May 29 by the Department of Transport and Communications. In the three months to the end of March, paid passenger kilometres flown by the domestic carriers were
      171 words
    • Article
      M'sian government offers MISC 25pc stake in MSE
      352 29  -  By Dexter Lee THE MALAYSIAN government has offered to sell national carrier Malaysian International Shipping Corporation (MISC) a 25 per cent stake in shiprepairer Malaysian Shipyard Engineering (MSE), an MISC statement said yesterday. The statement added: "Discussions are currently being held on
      352 words
    • Article
      Lock icon Foreign investor sought for PAL
      176 29 Reuter THE PHILIPPINE government wants to sell part of Philippine Airlines (PAL) to a major foreign investor before listing the company's shares on the stock exchange, company director Feliciano Belmonte said. Belmonte, general manager of the Government Service Insurance System, which owns 75 per cent
      Reuter  -  176 words
    • Article, Illustration
      Argos clinches US$65m Norwegian deal
      498 29  -  By A J Leow MEDIUM-SIZED shipbuilder Argos Engineering has clinched a US$65 million Norwegian contract, a job that will help to keep it busy until mid-1993. Mr Joseph Peng, Argos' managing director, said that the market for medium-sized vessels "looks reasonably good" and local shipbuilders
      498 words
    • NEWS SUMMARY
      • Article
        Samsung workers on strike
        64 29 WORKERS at Samsung Shipbuilding and Heavy Industries Co Ltd went on strike from Tuesday to press for higher wages. Workers were demanding 20.38. per cent increase in their basic salary against 9.99 per cent offered by the management. "The strike would cost the yard about 300
        64 words
      • Article
        New York: no longer number one US port
        43 29 NEW YORK port has been missing out on much of the Asian trade because of commercial, as well as geographic, reasons. It has also been overtaken by Los Angeles as America's pre-eminent port. Page 2
        43 words
      • Article
        American firms to use own ships
        41 29 SEVERAL major US oil firms and British Petroleum said they would continue using their own ships to deliver crude oil to the nation's ports despite widespread industry concern about liability from oil spills Back Page
        41 words
      • Article
        Thatcher rules out subsidy for rail link
        35 29 BRITISH Prime Minister Margaret Thatcher made clear that her government would not help underwrite construction of a high-speed rail line between the Channel Tunnel and London Back Pace
        35 words
      • Article
        TWA eyeing Airbus jets
        41 29 THE head of Trans World Airlines Inc's pilots union said he believes TWA may have start' ed new talks to buy Airbus A 320 jets in an attempt to coerce the union into accepting concessions Back Page
        41 words
    • LOG BOOK
      • Article
        OMI expects higher non-shipping revenues
        67 30 OMI CORP EXPECTS combined revenues for its three activities outside the pure shipping area to be about US$lOO million this year, president Jack Goldstein told the annual meeting. The three are OMI Petrolink, OMI Offshore Marine Services and Chiles Offshore, which was acquired late in
        67 words
      • Article
        CSX resumes Jamaican service
        43 30 CSX CORP SAID ITS Sea-Land Service unit has resumed northbound container ship service from Jamaica to the US. It had suspended the service in January 1989 after illicit drugs were found hidden in containers aboard vessels inbound from Jamaica.
        43 words
      • Article
        Wristwatch paging system
        102 30 AT AND E CORP, a voice and data communications company, on Tuesday introduced a paging system that uses a wristwatch as the receiver. The pager, called Receptor Message Watch, uses FM radio frequencies to reach out to people. The watch, made by Japan's Seiko, went on sale
        102 words
      • Article
        Vard orders two cruise ships
        58 30 NORWEGIAN SHIPPING COMPANY Vard A/S said its wholly-owned KJoster Cruise unit ordered two new cruise ships for around US$22O million each from the French shipyard Chantiers de l'Atlantique in Saint Nazaire. The vessels would be ready in late 1992 or 1993 and each would have
        58 words
      • Article
        Controllers' strike expected
        145 30 AIR TRAFFIC OVER FRANCE is expected to be seriously disrupted today and tomorrow due to a strike by 22 air traffic controllers. No cancellations are expected because of the strike, which starts at 4045 GMT and is to end tomorrow at 2CKX) GMT, said Philippe Jaquard, head
        145 words
      • Article
        Voice processing pact
        56 30 NORTHERN TELECOM LTD has entered a joint sales and marketing agreement with Centigram Communications Corp to address voice processing needs of businesses with mixed private branch exchange (PBX) networks, including Telecom and non-Telecom exchanges. Under the agreement, Centigram will provide modified Voice Memo II systems for non-Northern
        56 words
    • Article, Illustration
      Lock icon New York port: no longer number one
      1185 30  -  New York port has been missing out on much of the Asian trade because of commercial, as well as geographic, reasons. It has also been overtaken by Los Angeles as America's pre-eminent port. Richard Levine reports. Richard Levine NYT NEW YORK has been
      NYT  -  1,185 words
    • Article
      TRANSPORT DIARY
      866 30 May 24-July 26: International Freight Forwarding I, conducted by the Singapore Freight Forwarders Association. The Manager, SFFA, 7500 A Beach Road, #13-314 The Plaza, tel no: *****5 (for members only). June 18-29: Managing Container Operations organised by Singapore Port Institute (SPI). June 19-23: Transport '90, 4th international trade
      866 words
    • Article
      THE SHIPPING GUIDE
      12601 38 This is a list of ships loading <it Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,601 words
    • Article
      SHIPPING AGENTS
      3341 43 ConUinerline NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Shpg: Accord Shpg Pte Ltd (SyAccord Contr Line (M) Sdn Bhd (PKyAccord Contr Line (PG) Sdn Bhd (PN). Adkris Business Corporation Philippine: Calsouree Shpg Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg (S).
      3,341 words
    • Article
      COURIER SERVICES
      215 43 Abacus Couriers Tel: 545-8011,448-6415. Air Express Service Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. City-Link International Tel: 344-3377. Fax: *****50. Cluster link Supplies A Services Tel: 296-5720. DHL International Tel: 344-891 l.Fax: *****61. DPE Courier Tel: 284-6611 (7 lines). Fax: *****88. Emery Worldwide
      215 words
    • Article
      AIR FORWARDERS
      1484 43 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aeroliak K G Freight International Tel: 545-5992. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express International Td: 542-7666. Fax: *****74, *****50 Air
      1,484 words
    • Article
      PORT CONDITIONS
      2454 44 aWMWMWWWHiiIWW'I If mvmtmmv**™ ARGENTINA Labour working normally. Buenos Aires; Congestion in New Port area for general cargo berths; maize stocks ample in Elevator berth; 2 vessels loading; 4 vessels inroads; elevator continues working overtime if required, including Sundays and holidays. Situation regarding channel buoys remains unchanged. San Lorenzo:
      2,454 words
    • Article
      SHIP SALES & TANKER RATES
      593 44 SHIP SALES TANKER RATES VESSELS ON OFFER Balk carriers Esperanza: 66,136 dwt and built in 1977. Owners inviting best outright offers. Tankers Nike; 126,076 dwt and built in 1977. Owners inviting best outright offers. CLAIIAMIaaLAM UAL Montreal: 14,279 dwt and built in 1969. Offered for sale at USS3 million. Tabasco:
      593 words
    • Article
      AIR FREIGHT SCHEDULE
      492 44 ARRIVALS Q» night Tyye ETA From TODAY KAL KE697 B747F 0155 SEL NCA KZ203 B747F 1935 NRT KAL KE685 A30F 2340 SEL/MNL FDX FM75 B747F 2355 JFK/IND/ANC/ NRT/TPE TOMORROW JAL JL6I5 B747F 0340 TYO NWA NW90I B747F 1740 ORD/SEA/ ANC/NRT SIA SQ/BA821 B747F 1750 LHR/DXB FDX FM77
      492 words
    • Article
      CRUISE & FERRY SCHEDULES
      354 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep Nmbc at Vessel ETA ETP Port Ayt Port! of Calls JUNE 26 01 New Utopia 0800 2200 Borneo Shipping Sin-HK-Tokyo AUGUST 21 21 Orient Venus (MV) 0600 2000 Borneo Shipping Sin-Fremantle-Jakarta-Kobe 30 31 Andaman Princess 1500 1700 Andaman Cruise Cruise to nowhere SEPTEMBER
      354 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        564 45 VtSMl fey No Baft UnM Dapariwt Vaml toy No Bar* Armil Dipartwt KmmmI Wharves Armada Muka 13/90 P2B 1406/0700 1406/2300 Caraka J N 3 05/90 K18 alongside 14.06/2300 Asian Star 113 PIC 1406/1900 1606/1800 Handy Safer 01 K32 alongside 14.06/2359 Bach Long 6 3/90A P2A 1306/2330 14
        564 words
      • Article
        CONTAINER SCHEDULE
        1447 45 Transtaner SdmfcJes Sty Voy No fcr Date Time From To Boofcnc 6ate BH Op Aka Bhurn 24S 15.06.90 1500 14/1630 14/1729 Portnet 1 E2 00 F05 15/0415 15/0459 NA 2 Aj 64A 1406.90 2000 14/0930 14/1029 Tlx/Fax 2 Q4 00 F05 An Jayakarta ***** 1506.90 0230 14/0700 14/0759
        1,447 words
      • Article
        IN MALAYSIAN PORTS
        341 45 Port Klang South Port Lang Eu berth 2; Kris Merubt berth 3; Sri Arika berth 3; Cheung Hing berth 4 KCT: Anson berth 8; Kota Mesra berth 9; Kris lemona berth 9; Bunga Suria berth 10. North Port Pnvolie berth 11; Wang Jiang berth 12: Fukuzaki Maru
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      DAILY FREIGHTS
      1094 45 FREIGHT RATES continued to drift lower J on Tuesday as the Baltic Freight Index was cut by a further 10 points to 1,254, its lowest since late August 1988. Dealers said index-related business was scarce but the key grain route sub-indices were marked lower. The US Gulf to
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      Lock icon US oil firms to continue using their own ships
      358 46 Reuter SEVERAL major US oil firms and British Petroleum said they would continue using their own ships to deliver crude oil to the nation's ports despite widespread industry concern about liability from oil spills. "We feel our 10 tankers are critical
      Reuter  -  358 words
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      Lock icon Oil spills blamed on human error and old tankers
      328 46 Reuter ED ROLAND, president of Amoco Transport, blamed recent tanker accidents on human error and on ageing transport equipment not properly maintained. "Eighty per cent of the accidents that we have at sea are accidents which are caused by human error,"
      Reuter  -  328 words
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      Lock icon Cash injection of US$20m for Senator
      209 46 Seatrade Week WEST GERMAN LINE Senator has secured its future with a shareholder cash injection of 34 million Deutschemarks (US$2O million). At the same time it has confirmed the details of its future services. Together with new partners DSR and Cho Yang it will
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      Lock icon TWA eyeing Airbus jets, says union leader
      288 46 Reuter THE HEAD of Trans World Airlines Inc's pilots union said he believes TWA may have started a new round of talks to buy Airbus Industrie A 320 jets in an attempt to coerce the union into accepting concessions. In a letter to
      Reuter  -  288 words
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      Lock icon Thatcher rules out subsidy for high-speed rail link
      334 46 AFP BRITISH Prime Minister Margaret Thatcher made clear on Tuesday that her government would not help underwrite construction of a high-speed rail line between the Channel Tunnel and London. "We don't believe we should subsidise international rail services," Mrs Thatcher said in
      AFP  -  334 words
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      Eurotunnel secures standby facility
      244 46 BRITISH-FRENCH joint venture Eurotunnel has secured standby underwriting from a host of banks and other institutional investors for a £530 million ($1.65 billion) equity issue to finance part of its massive crosschannel project. An Eurotunnel statement said the standby facility has enabled the venture to continue
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      Lock icon Union nears agreement with UAL
      164 46 Reuter THE UNION group, seeking to buy UAL Corp, is close to agreement with UAL's nonunion workers on the terms under which they would join the planned US$4.4 billion buyout. A source close to the buyout said the pact would concern wage and benefit reductions
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      9 29 New York port: no longer number one, Pg 2
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      315 29 BSWEEHBJG METAL CO PTE LTD la. TUAS AVE 14. SINGAPORE 22U TELE* «S 20(71 SMMCW. TEL: Ml SMS <sknMt TELEFAX: Ml SM krt)*W» 1 ■m-?T". -UP c*+*" 'cTlT.rg, OIL bwtwm design »«k)vation a oermam ooauty enomkmmo b| n iytS'-i JT* N®^''oy d WE GIVE YOU THE WORLD gW^I Nedlloyd Lines
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      52 29 fcr Fonwarders 15 A* Frajht Schedu* IS Cootarar Schedufc 17 Courier Sconce 15 Cruse i Ferry schedules 16 Da*y 17 Mb to Mierteers 3 Port Condtam 16 Shop* Apnts r. f? Shppmg God* 10.11 Shpsala/Tankar Rate 16 Shps in Port 17 Sopport Tides 17 Transport Diary 2 Weather and Sea
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      158 30 issu^areconctensed For other reasons, send in your subscription now. Please send name: name: Address: Address: I I Occupation; Occupation: J T e Tlx/Fax: Tcl Tlx/Fax: AIRMAIL SUBSCRIPTION RATES: j I want to subscribe for months at S/US$ I I enclose: Sscheque/money order countries* I2mths 6mths 3mth* i I USsbank draft
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      11 30 The Cockett bunker market report was not available at press time.
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      1610 31 snipping agencies \wll## 200 Cantonment Road #12-06 Southpotnt. Smppora 0201 Alllfr T«t *****11 TELEX NO IB 2(179 V ■tlllf TERMINAL/CFS T«i *****18 220 r DJQCU *1 BOOKINGS T.I *****34 235 lil|liMi |rarj k -«»«k's,s» 1 km* ni imw rati M "moot as m Dedicated to pgudang tel *****2/3 teux no.
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      817 31 MDEX Page Col Pate Col iM t ABC Containerize 13 5 Mac-Nds Agencies 14 1/2 Accord Shpg 8 3-5 Macoline 18 1/2 Albatroa Sea-Air 14 S Madju Sdn Bhd 16 1/2 APCLine 14 4 Maersk Line 3 4/5 APL 3 3-5 MISC 14 1-3 Arrow Lines 9 5 M'sia Shpg
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      2014 31 VhM Voy ETA I ETC 'Port 'Panang 1 1 DESTINATIONS j Singapor* Kalang TIM M« LM M CloMng Tmw Fndar by CY 1M 0400 MRS M CFS —1M tiOO MRS M Tauro OAK |LQ6 MOO MEM ATt MIA CHS BAL PHL "VC MOW TOW LEDA M 9006 19/6 2CV6 In
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      1066 32 ——T I ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE KOWLOON BAY 96/568 14* *7 W 7 S TAR LWWANGER 01/520 7lt 12/7 /7 s™ Ess S s ss ARLBERG 22tt TOT w t#/7 2V7 SffiTSUi SSS K 29/7 Also accepting cargo to: All UK
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      571 32 SIN POM SUV PPT TBN 25/6 6/7 13/7 19/7 Also accepting cargo to Lautoka via Suva DIRECT CHILE SERVICE SIN IQQ ANF VAP TBN 25/6 5/8 8/8 10/8 Also accepting Cargo to Callao (Peru) via Valpa Mn &T3frl/aßai SINGAPORE: 534M56 BOOKINGS: *****08 S. JAYA: 03 *****25 JOHORE: 07-*****2 PENANG: 04-*****7
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      1463 32 HI if am &m REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE T ANT lMt VSL/VOY SIN CLM ALG BCL FEL HAM BRE R0 ALG) HAM) POT) NORTH SEA 015W 15/06 19/06 07/07 09/07 12/07 14/07 15/07 16/07 17/07 18/07 NORASIA SINGA 9016-3 22,-06 ?606 13/07 15/07 1707 WO7 20/07
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      1536 33 SjgSteamers Maritime Holdings Ltd] r" n Of\ STRAITS SHIPPING I 1 OCvJ f "j flwuri t» Brawl East Malaysia. I wk containers accepts due sails I Vo» Ho P.Ktang S'pore S'ton H'burg B hj»nl» dam Leh CARCO I rtSSX 23 m ..NTAMSB.A VWM.U.W O.H, 11 kiul BCNALMR *1*77 -ANSU* 17«
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      Page 33 Advertisements Column 2
      1401 33 TO: EUROPE TQ: FAR EAST SP IH ROM HAM B'HVN FIX SPORE HK KAO KOB BU CHOYANC SUCCESS 009W 1W 4/7 *7 V> *P JP X* JU M *&/7 HANJIN HAMBURG OOlf? 23* Up 12P 13/7 WJ WJ 2 [IffmniM VI UH HANJIN ROTTERDAM OOWf W 11/7 I*7 2*7 W
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      326 33 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL ASEAN SEA COSMIC STAR LARK PIONEER VOY. NO 113 33 6 S pore In Pt 19/6 27/6 P. Kelang 30/6 Penang Honf Kong Yokohama 23/7 Nagoya 20/7 Osaka Senboku Kashima Hochiminh 22/6 •For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE
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      702 34 1 V£M«m DJASAGETRI A Joint Europe Service Of. FT. RJMUMTX LLOYD fit. 6ESUII LLOYD M. SAMUOERA IROONESM PT. TDIKOIA LLOYD CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE VSUVOY SPORE R OAM/ H BURG BREMEN ANTWERP ADAM U. BONTANC/21WB 27 30/6 1.8 7/» 10/» SRIWIJAYA/VnWB 10-13/7 121* 1M KUTAIV2WB W-in 25/S 31/»
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      Page 34 Advertisements Column 2
      788 34 HANJIN SHIPPING W"/ V FULL CONTAINER SERVICE c»,«.c SU c« s ra-jr'jr v 'tr'tr Stasis msSs s! i HANJIN HAMBURG 001W 23/6 11/7 12/7 13/7 15/7 16/7 HANJ NLE HAm M7E 2VI H SEOUL 105E gl HANJIN ROTTERDAM 009W 30/6 l»/7 19/7 20/7 22/7 23/7 HANJIN FELIXSTOWE 002E VI H
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      Page 34 Advertisements Column 3
      1291 34 —Ifi—l.T-J-IhH' I Wl SCF HKG KSC KIC PUS HUT OS* TYO SAL LWV »w ROM 2* SS? ?2 EVER GENTRY HH »/4 27/6 2*6 29/6 2/7 4/7 *7 9/7 W JW 17J JM 2M U9 EVM GATHER 21* EVER GRACE 1/7 4/7 U/7 *7 13/7 U/7 I*7 »7 23/7 2M
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      1546 35 j NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) SS BOOKINGS: UK/EUROPE SERVICE *****19 k AUST/INDIA/PAK SERVICE *****18 usa *****16 FAR EAST *****48 DOCUMENTATION: *****44/*****14 TERMINAL: *****22 CFS: M 2 IMPORT: *****69/*****50 NEPLINE SDN BHD MALAYSIA EXPORT: *****53/*****04 r K.L.-*****33. P.Kelang-*****87, Penang-*****0, J.Bahru-*****3, *****4 in (via SDEZ) IftIFDC
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      Page 35 Advertisements Column 2
      1243 35 m swsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64 ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VtSStIS VOTAC£ |Sl>Ott WAN ILA HUOWt" VOTACf SfOßt PIU-AWC MtUKC »HAVtH~ TttKUT WTT AUTWtRP K
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      1021 36 1352J1 VOY ~N DO *PK/PNG [SGP LB CHLS NFK NYC HFX OOCL FREEDOM 31 11/6 12/6 14/6 7/7 17/7 19/7 21/7 25/7 OOCL FAITH 20 18/6 19/6 21/6 14/7 24/7 26/7 28/7 1/8 I OOCL FRIENDSHIP 20 25/6 26/6 28/6 21/7 31/7 2/8 4/8 8/8 NEPTUNE GARNET 26 2/7 3/7
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      Page 36 Advertisements Column 2
      1604 36 Ir TD C, N (10AY) Ml DAY) *0 DAY) CATHERINE B 18/06/90 PORT KELANG PENANG BANGKOK JACQUELINE TWICE/WKLY BOOKING CONTACT H cjrj cim (3 DAYS) (2 DAYS) (1 DAY) 17/06/90 HONG KONG KAOHSIUNG KEELUNG JOYCE/JUDY TWICE/WKLY lfuvc BOOKING. CONTACT H 18/06/9? BUSAN MANILA NAGOYA SERENE/SITI TWICE/WKLY I BOOKING. CONTACT ft
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      1650 37 PACIFIC INTERNATIONAL LINES (PTE) LTD gg PIL Building, 140 Cecil Street #0340, Singapore 0106. I [BANGKOK I VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SIN DELTA MAS 159S 17/6 19/6 24/6 KOTA NAGA O#N IS/6 1M 23/6 KOTA MELATI 10SB 20/6 22/6 25/6 PEGASUS PROGRESS 621N 17/6 20/6
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      Page 37 Advertisements Column 2
      1229 37 r BEN LINE CONTAINERS LTD 1 200 Cantonment Road Tel: *****22 #13-05 Southpoint m jp.m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY SPORE PKLANG S'HAMPTON HAMBURG BHAVEN RDAM LHAVRE Kowtoon Bay' 95/568 14A6 Via Artbetg 9/7 3/7 5/7 2/7 8/7 BenakJer f 95/572
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      Page 37 Advertisements Column 3
      52 37 COSMO ANGEL V 04S HONG KONG 5/7 APIA (WESTERN SAMOA) 1/8 PAGO PAGO (AMERICAN SAMOA) 2/8 PAPEETE (TAHITI) 6/8 RAROTONGA (COOK ISLANDS) 8/8 NUKUALOFA (TONGA) 13/8 SAVU SAVU (FIJI) 15/8 M SM CONNECTM6 FEEDERS FCL 11/1, 20/1, 21/1, 27/1 LCL 27/1 AGENTS: BEN LINE AGENCIES (S) PTE LTD TEL: *****22
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      Page 37 Advertisements Column 4
      270 37 MYANMA FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.Kelang Pen Bkok MYOMAYWA VI2BW 10/11JUN PAGAN VIS7W 10/13 JUN MERGUI V99W 10/13 JUN HPA-AN VISIW 25/27 JUN PATHEIN VlO3 a JUN/1 JUL ■g* THE BAHK UNE (A service of Andrew Weir Shipping) WT SEMI-CONTAINER SERVICE U HEAVY
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      659 40 f illilihK-LIhES|BB A INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FU BRV ROM ANT HBG RST H CECIELSKI 8W 22/6 16/7 11/7 18/7 EUROPEAN SEN WFO22 2M 19/7 20/7 21/7 23/7 E THAELMANN 4/90 4/7 28/7 28/7 30/7 ATLANTIC SEN WFO2S 10/7
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      Page 40 Advertisements Column 2
      1321 40 UKC COWVmTWWAI WBVICI Vmml P. KLC PNC PC. Loa4ifl( for A VESSEL Htlt PotttrtjnVAntwp onwA nnx cowtaiwii wmviot Vmml PKL PNC SPORE BHK HKG SNA QIN LYG SHANG CHENG 121 21/5 23/5 27/5 4/* M YANG FANG KOU 129 31/5 29/S *1* 12/1 1« M Accepting FCL C»rjo for all
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      186 40 PKL PNC HKC INC BSN OCEAN CROWN VW2 U Jun 19 Jyn 29 Jun 1 Jul RAGNA VON 23 Jun 24 JtM 25 Jun 4 Jul i Jul BUSAN GLORY VOK Jun 29 Jun 6 Jel 10 Jul 12 Jul SINGAPORE GLORY VOK 5 Jul 15 Jul 17 Jul MALAYSIA
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      Page 40 Advertisements Column 4
      580 40 IV POSEIDON CONTAINER V V TRANSPORT GMBH HAMBURG V~ SOTRA EXCLUSIVE ROUTES TRANSCAUCASIA A TRANSSIBERIA SERVICES AFGHANISTAN I: Hairatan, Torgundi Kabul ETD SINGAPORE: 17/6, 19/6, 3/7, 6/7, 8/7, 18/7 I IRAN I:[EASTERN CENTRAL EUROPE~I Djulfa Astara Belgrade Bucharest Budapest Helsinki Prague Sofia Vienna Warsaw USSR border ports (THROUGH DOCUMENTS) OTHER
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      575 40 ASEAN PORTS gow Hoct- AgencvCo Ltd BKK (Tel: ?87?380) vffffi jwr smutfOtt T iW» J MEKHANIK KURAKO 13N Thur W Sun 110 MAMA BHUM 13N Thur In PI Sun 110 SIB! BHUM# 451N Fri 150 Mon U0 PIYA BHUM»- Zm Sun 17/1 Wad 200 JIRA BHIIM*# 13N Sun 170 Thur
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      1085 41 EXPRESS FEEDER SERVICE (Fully Containerised) VESSEL SIN CTG A VSL 18/6 24/6 A VSL 21/6 27/6 A VSL 30/6 6/7 A VSL 2/7 8/7 (Conventional Service) ETA S PORE LOADING FOR BANGLAR MAYA 14/6 S. KOREA, JAPAN r 1 ETA S PORE LOADING FOR ALAM TEGUH In Pt Port Said/Port
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      Page 41 Advertisements Column 2
      199 41 ff&l RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL: *****33 (12 Lines) K FAX: *****15/*****03 |f"H) TELEX: RS ***** RISHIP (3 Lines) ff§~\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOADING FOR SPOKE ABYOT 21WB 21/06 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA HOOEIDAH ABBAY
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      573 41 MASKAPAI PELAYARAN PapuLAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED- DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA I THAILAND ALSO ACCEPTING LCL CARGO TO JKT, PKG, PNG AND, BKK. FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN
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      Page 41 Advertisements Column 4
      587 41 ri'iia BAY OF BENGAL SERVICES MADRAS CALCUTTA VESSELS/VOY SIN MAA SIN LEUVE 912S 14/6 18/6 29/6 LEUVE 9126 29/6 03/7 15/7 LEUVE 9127 15/7 19/7 01/8 LEUVE 9128 01/8 05/8 16/8 VESSELS/VOY SIN CCU SIN JORGEN VESTA 03N90 IN PT 18/6 25/6 JORGE N VESTA 04N90 25/6 04/7 09/7 JORGE
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      Page 41 Advertisements Column 5
      380 41 SK TO AUSTRALIA/NEW ZEALAND VSL Sin|HVl |FrMiMtt« Mr bourn* Sy*wy A<ig*UiW Dunlin I HUOK 2M nH V? U/7 Ufl tV> W BRussci ta ap m 7ji ioi iss im C VtROLMC S3 M 1M S5 2M W V» umiPtN 2M nS Si Hi 7/5 u/» Ufl 12 DATS TO MELBOURNE!
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      1216 42 A iKIAC-NELS SIWCAPORE |expowt TEL *****22 IWT TEL *****02 TEL: (04) *****6 |KK TEL (080) *****0 TAWAU TEL: (089) *****9 KELANG TEL: (03) *****771 KUCHING TEL (082) *****3 SKAN TEL: (089) *****2 ~U. BAHRU TEL: (07) *****2 H SIBU TEL (084) *****2 LABUAN TEL: (087) *****9 HUM/ \JUIJAKARTA TEL: (21)
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      Page 42 Advertisements Column 2
      383 42 ffgfc blue star line SINGAPORE TO U JNEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL it LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PLY AUCK LYT MULBERA ISS II Jun 30 Jun Via
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      Page 42 Advertisements Column 3
      656 42 THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH nua. |m leti Inn una m eti wt KIM SOON LI 24/90E 16 JUN PENANG JENHOL 8/90E 21 JUH K.KINABALU
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      Page 42 Advertisements Column 4
      315 42 «lflH9 IRANIAN SERVICE I Stnppor* Loading tar:- I IRAN TEYFOURI 17 JUNE Bandar Abbas 1 A VSL MIO JUNE Bandar Abbas I outum um of mum MX WEST COAST/MEMCO/COdllAl AMERICA CONTAINS »VICE HKG LB (NXMAOA I CAROCNAS S CMIZ ■ANIANILLO ■TLA WS U 2/7 4/7 1/7 MP I*7 oaxacavu w
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  • Page 45 Miscellaneous
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      Page 45 Miscellaneous Column 1
      425 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 6(00 0700 0100 0900 *****100 1200 *****400 *****600 **********00 2000 2100 2200 2300 JR 2.4 2.9 3.1 3.0 2.7 2.1 15 1.0 0.7 0.5 0.5 0.7 1.1 1.6 2.0 2.2 12 2.1 1.7 1.4 1.1
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      249 46 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL -%3Br SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG TBN 20/6/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 15/6 INDONESIA
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      389 46 ▲HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW SIN HKG LBH OAK SEA FROM PSW LBH OAK SEA HKC SIN HYUNDAI INNOVATOR 33E 15/06 21/06 09/07 12/07 15/07 LALANDIA 31W 14/05 17/05 20/05 07/06 14/06 HYUNDAI EXPLORER 32E 22/06 21/06 16/07 19/07 22/07 HYUNDAI CHALLENGER
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      Page 46 Advertisements Column 3
      531 46 CHARTPOINT Every Saturday in Business Times r*fr tnm |V% I UGInU. fMtnr Vmml [v«T UN LAX [OA* [HOU [DAL [CW( NO* MEM NYC f biiTM ax ■unca kehu«hnc~ v«b ~jT alligator how vjjaT Hi ~W HT wWT TUT up~ up~ W OUR USA WNCA namnwc VIM -Hi ALLIGATOR TRIUMWI VJUU
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