The Business Times, 25 July 1990

Microfilm: NL17037
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Wednesday July 25 1990 75•
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  • HEWS SUMMARY
    • Article
      HK schedules first direct elections for legislature
      40 1 HONGKONG yesterday announced plans for the first direct elections to its legislature in nearly ISO years of colonial rule. The date had been tentatively set for Sep 15, 1991, a government official said.
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    • Article
      S'pore retains ranking
      29 1 SINGAPORE has maintained its standing as a prime borrower and blue-chip investment centre in American risk analysis firm Business Environment Risk Intelligence's latest ratings. P«r 2
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    • Article
      Conditions for success
      34 1 FOR THE FUTURE of the Pacific Rim to remain bright, it is important to have stability, security and international economic order, says the CEO of the Trade Development Board Page 2
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    • Article
      'No threat to S'pore'
      33 1 THAILAND'S Southern Seaboard, which will transform the South into a new shipping route and a distribution, industrial and trade centre, does not aim to compete with Singapore Page 8
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    • Article
      US deficit up in June
      28 1 THE BUSIEST MONTH yet for the US savings and loan bailout ballooned the federal budget deficit to US$ll.2 billion in June Page 10
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    • Article
      A look at investment
      23 1 THE US Congress is assessing the impact of foreign investment in US companies on the country's economy. Page 10
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    • Article
      A man called Smith
      13 1 WILL the real Adam Smith please stand up? 17
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    • Article
      Sampoerna moves on
      38 1 RIDING on the economic boom in Indonesia, the soon-to-be-listed Sampoerna group is diversifying aggressively into the transport business with a US$6O million budget to develop its own sea and air facilities. Shipping Times Page I
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  • MARKETS SUMMARY
    • Article
      Dow lower
      48 1 WALL STREET opened tentatively yesterday as investors sifted for bargains through the wreckage of Monday's sell-off. The Dow Jones average of 30 industrial stocks was up 5.70 in the first half hour but then turned lower to show a 3.96point loss at 2,900.74 at 1430 GMT.
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    • Article
      Footsie higher
      34 1 LONDON share prices were higher at midday yesterday on buying from institutions. At about HIS GMT, the Financial Times-Stock Exchange 100-Share Index was up 11.6 points, or O.S per cent, at 2,371.3.
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    • Article
      FCC to buy 89pc stake
      33 1 FIRST CAPITAL Corporation has entered into an agreement to buy 13.35 million shares representing 89 per cent of the paid-up share capital of British American Insurance. Page 3
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    • Article
      Big step for S'wang
      24 1 SEMBAWANG SHIPYARD has taken a major step into the aviation field with its new aviation arm, Sembawang Aviation Page 3
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    • Article
      Shakeout in Indonesia
      26 1 INDONESIA'S banking industry is heading for a shakeout as the central bank squeezes rupiah liquidity in order to curb speculative lending. Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Teesdey Chugt BT-MGA 809.27 -5.68 Kuala Lumpur ....625.33 -0.26 Hongkong 3,495.87 -64.02 Tokyo 31,702.46 -192.33 Sydney 1,586.8 -12.5 Monday Change New York 2,904.70 -56.44 London 2,359.7 -40.4
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    • Article
      CURRENCIES
      19 1 Excfcaagi rates US$ S$ 1.8125 Yen S$ 1.2177 Mnm*aarMnAn' SS***** Overnight 3 1/4 3/4 3-month 7 3/8 +1/8
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    • Article
      COMMODITIES
      34 1 Lm4M Md PM fix US$368.70 +USJ2.60 KoreAug... 155.75*/kg +0.30 Vfsia Aug M232.SO */kg kl Hi Turnover 83 tonnes +22 Spot M$ 16.06/kg -0.04 Cradt ptln Turnover 897 lots +226 Aug MJ654 /tonne -10
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  • Article, Illustration
    Wharf plans to expand S'pore operations
    359 1  -  By Lilian Ang THE HONGKONG-BASED Wharf group is planning to expand its operations in Singapore with the setting up of a corporate base here. Mr John Hung, director of Wharf Holdings' corporate affairs and group finance division, said the Singapore office will tap business
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  • Article
    Lane Crawford sets up shop here
    412 1  -  Retailer is anchor tenant in Marco Polo project By Elaine Koh UPMARKET RETAILER Lane Crawford will be the anchor tenant in Hotel Marco Polo's new Paterson Road project, further fuelling the competition in the Orchard Road belt. Long rumoured to be moving into Singapore,
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  • Article
    Lock icon Fed committed to price stability: Greenspan
    205 1 Reuter THE US FEDERAL Reserve remains committed to achieving general price stability in the US, chairman Alan Greenspan told a House Banking subcommittee in Washington yesterday. He said that the Fed's actions in recent days were consistent with its long-term policy. If the policy
    Reuter  -  205 words
  • Article
    Computer group ties up with US software distributor
    275 1  -  By John Tan LOCAL computer group Challenger is finalising a distribution tie-up with one of the largest software distributors in the United States, a deal that could mean business worth $100 million a year for it. BT understands that Challenger will sign
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  • Article
    Local finance group likely seeking stake in Chung Wah
    285 1  -  By AJ Leow A LOCAL finance group is said to be the party interested in buying a sizable stake in Chung Wah Shipbuilding and Engineering, a Hongkong listed company with substantial interest in Singapore. Last Friday, Chung Wah requested a suspension
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  • Article
    Inno-Pacific explains failure to meet profit forecast
    438 1  -  By Lilian Ang LISTED trading and fast-food group Inno-Pacific Holdings (Inno-Pac) yesterday said the profit shortfall in forecasts made last year was due to factors which could not have been reasonably foreseen. In a four-page statement to shareholders, the company listed nine specific
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      293 1 737 4509 Forum II #01-46 I Tel: 732 8961 I PEACE WITH JAPAN? 12 SEOUL FAR, SEOUL GOOD 13 ALL SYSTEMS GO FOR SYSMECH 14 Arc* Schedule 27 Money Market 25 Worid Stock Markets 24 V W-- H Q A LommoonKs zn Kegwnai news o, Cryptic Crossword 27 ByMi Stock
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    • Advertisement
      Page 1 Advertisements Column 2
      134 1 Reports on Wall Street price fall, Pg 11 How to feel more at home. Talk to the JLW Residential leant. Pick up the phone, call Jessica, Jackie, Cecilia, Tian 220-3888 and ask for our Lam and Edmund. Their Residential Team. There's residential market knowDaniel, Margaret, ledge is quite outSally, Wfeng
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      Page 1 Advertisements Column 3
      39 1 Exclusive Trifari Triple Plating Quality Guaranteed Made in USA Trifari Coaster*: laetan Katong Metro: Far Eaat, Manna, Paragon Daimaru Wataon't I Forum GaUeria, OUB OnUc■ Tuan Sing Tower. Hock Lock Slew, Pg 3 Asean Ministerial Meeting reports, Back Pg
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Views on religious harmony welcomed
        104 2 THE SELECT Committee appointed by Parliament to consider the Maintenance of Religious Harmony bill is accepting written representations from the public now. The bill seeks to establish a Presidential Council for Religious Harmony. It also empowers the Home Affairs Minister to issue prohibition orders to
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      • Article
        More and more vehicles
        72 2 THE NUMBER of vehicles on our roads continues to increase, according to the latest statement from the Registry of Vehicles. As at end-June, the number of vehicles totalled 533,676, compared to 520,537 at the end of last year. The largest increase recorded was in the number
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      • Article
        Conference on purchasing
        52 2 THE SINGAPORE Institute of Purchasing and Supply is organising an Asia-Pacific conference on regional cooperation in purchasing and materials management in the *****. The three-day conference, starting tomorrow, is endorsed by the Economic Development Board and Singapore Manufacturers Association. It will be held at the Raffles City
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      • Article
        Mobil's new Power Plus
        50 2 MOBIL HAS added a new detergent additive to its premium and special grade Power Plus petrol brand. The new additive, Mobil claims, is designed to remove dirt and deposits from a car's fuel intake system. The price of Mobil's new Power Plus, however, remains the same.
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      • Article
        Conversion of Peck Seah St
        59 2 PECK SEAH Street, between Tras and Choon Guan Streets, will be converted into a one-way street from this Friday. The Public Works Department says traffic flow will be one-way from Tras to Choon Guan street via Peck Seah Street. Drivers from Peck Seah going to
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      • Article
        F&B union conference
        40 2 THE FOOD and Beverage Industrial Workers' Union will be holding its third Triennial Delegates' Conference this Friday at the RELC Auditorium, 30 Orange Grove Road. Among the topics discussed will be the amendments to the union's constitution.
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      • Article
        Donation for kidney foundation
        57 2 THE NATIONAL Kidney Foundation will receive a donation of $5,000 today from Sharikat National, a distributor of carpets and branded ceramics. Mr Thomas Ang, chairman of Sharikat national will present the cheque to Mr T T Durai, honorary secretary of the Foundation, at 9.30 am at
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    • Article
      S'pore maintains standing as a prime borrower
      599 2  -  Beri's business risk rankings By Anne Teo SINGAPORE has maintained its standing as a prime borrower and blue-chip investment centre in American risk analysis firm Business Environment Risk Intelligence's latest ratings, but the forecasts for the next one to five years show a
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    • Article
      Factors vital to Pacific growth
      247 2 WHILE the future of the Pacific Rim remains bright, it is important to recognise that stability, security, and international economic order are vital to sustaining rapid economic growth in the region. Mr Yeo Seng Teck, CEO of the Trade Development Board and chairman of the
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    • Article
      Sultan Hussain's estate is state land
      108 2  -  LETTER TO THE EDITOR Chang Kwang Seh Commissioner of I jmds PLEASE refer to your report (Business Times 23 Jul) on "Plans for Istana Kampong Glam" Your report that the Sultan Hussain Estate which includes the Sultan Kampong Glam is ancestral property and that
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    • Article, Illustration
      UOB plans to issue its Visa card regionally
      297 2  -  By Linda Chee WITH MORE than 100,000 UOB Visa credit cards already issued in Singapore, the United Overseas Bank is now planning to penetrate the regional markets. Mr Wee Ee Cheong, the deputy president of UOB, said yesterday the banking group is
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      394 2 A f I J> v y ■Mm T WHH^ jd|H Finally, A Jet That Breaks The Speed Record Without Shattering The Sound Barrier. \bu can imagine the murmurs of disquiet any louder than the whispering wind. Like an easy-to-understand and easier-to- fonts. (Incidentally, only our ink-jets come as that went
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      First Capital to buy 89pc stake in local insurance company
      349 3  -  By Lim Mui Khi FAST MOVING First Capital Corporation (FCC) has taken another step towards its expansion into financial services through the proposed purchase of an 89 per cent stake in the British American General Insurance Company Ltd (BAGI). The
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    • Article, Illustration
      Sembawang Aviation to market Cessna jets
      410 3  -  By Rahita Elias SEMBAWANG Shipyard has taken a major step into the aviation field. Its new aviation arm, Sembawang Aviation, has been appointed as the authorised export sales representative for Cessna's Citation business jets and Caravan turboprop aircraft. The company, which will represent the
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    • Article
      Profit forecast: tell investors what can go wrong
      710 3  -  THE HOCK LOCK SIEW COLUMN By Amy Balan WHATs in a profit forecast? Plenty, if a company is asking its shareholders to cough up money. And the company had better get it right. Last Friday, for the first time in many years,
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    • Article
      Lock icon Share suspension: Dunlop Estates appeals to minister
      454 3 Bernama DUNLOP ESTATES BHD (DEB), whose shares will be suspended from trading on the Kuala Lumpur Stock Exchange (KLSE) on completion of the proposed disposal of its entire fixed assets, has appealed to the Malaysian Finance Minister to have the suspension waived. It
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    • Article
      Lock icon Ernslaw One awarded tender for NZ forests
      281 3 Reuter ERNSLAW ONE Ltd, a New Zealand company owned by Singapore and Malaysian interests, is one of two companies which have successfully tendered for management rights and trees on 73,030 ha of state-owned pine forests in New Zealand. The other company is Fletcher
      Reuter  -  281 words
    • Article
      Lock icon Shareholders agree to sale of UCSB equity to Sumitomo
      308 3 Bernama UNIPHONE Telecommunications Bhd's shareholders have approved the sale of 40 per cent of the equity in wholly-owned subsidiary Uniphone Cables Sdn Bhd (UCSB) to Sumitomo Electric Industries Ltd of Japan for MsB million. With the approval, given at an EGM
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    • Article
      Lock icon Union Paper seeks listing on KLSE
      196 3 MBT UNION PAPER Holdings is the latest company to seek a listing on the Kuala Lumpur Stock Exchange second boirnl via an offer for sale of shares. The company has received Capital Issues Committee approval for the offer for sale of 7.81 million Msl
      MBT  -  196 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      153 3 This announcement appears as a matter of record only July 1990 Skimmavest SUMMA INVESTMENTS LIMITED (formerly known as Sim Lim Investments Limited) (Incorporated in the Republic of Singapore) RIGHTS ISSUE I of 91,375,524 new ordinary shares of $1.00 each at $1.10 per share with 30,458,508 detachable warrants on the basis
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  • REGIONAL COMPANY NEWS
    • Article
      Lock icon Chrysler calls off small-car venture with Hyundai
      340 4 NYT WITH its domestic market share falling and doubts growing about its long-term viability as an independent car maker, Chrysler Corp has cancelled a small-car venture with Hyundai of South Korea on Monday. The company also confirmed that it would build a low-priced
      NYT  -  340 words
    • Article
      Lock icon Australian property fund seeks to suspend buybacks
      207 4 Reuter MIRVAC Funds Ltd said in Sydney yesterday that it had applied to the Australian National Companies and Securities Commission to suspend buybacks from five property trusts and an approved deposit fund for 180 days as a precautionary measure. The six fluids, whose
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    • Article
      Lock icon Japanese rapped on two fronts
      154 4 Reuter JAPANESE firms doing business abroad, long accustomed to charges that they sell cheap to grab market share, are now worrying about the opposite allegations that they are selling at high prices to avoid US taxes. "First it was dumping charges, now it's charges erf
      Reuter  -  154 words
    • COMPANY BRIEFS
      • Article
        Aussie firm to plan A$8b Japanese city
        146 4 AN AUSTRALIAN FIRM said in Brisbane yesterday that it had won the contract to plan an AsB billion city of the future in Tokyo Bay. Charles Aherne, business development manager at Sinclair fOiight and Partners, said the firm beat European and US contenders
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      • Article
        ANA plans Tokyo-Paris flights
        63 4 ALL NIPPON Airways Co Ltd plans to offer two Tokyo-Par-is flights a week from Oct 4 this year, a spokesman for Japan's second-ranked airline said. ANA plans to use Boeing 747-2008 aircraft, carrying about 330 passengers. The airline, which estimates 50,000 passengers a year on the
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      • Article
        NTT's new recording material
        119 4 NIPPON Telegraph and Telephone Corp said it has developed a new optical recording material which can record data about 100 million times faster than conventional material. NTT's new material could booat by a factor of 1,000 the amount of data stored on a conventional 12-cm compact
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      • Article
        Ord Minnett to buy NZ brokers
        108 4 AUSTRALIAN securities house Ord Minnett Ltd is to buy the SO per cent of New Zealand brokers Ord o*Coonor Grieve Ltd it does not already own, Ord O'Connor managing director Rob Morrison said. Ord O'Connor shareholders have accepted an offer to sell their interest
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      • Article
        John Brown wins £28m contract
        96 4 BRITAIN'S John Brown Engineering has been awarded a £28.5 million contract to build gas turbines for a 300-raega-watt power station in Hongkong, Britain's official export credit insurer announced on Monday. The Export Credit Guarantee Department, which is backing the contract, said that John Brown, a
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
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    • Advertisement
      Page 4 Advertisements Column 2
      146 4 Grand Ballroom k3 Hilton International I Ea Singapore i n 100 Hand-knotted Persian, Village, P|B| I 35 Tribal and Workshop pieoes. SqhHK j feS Viewing: 10am Ipm pEHI fan Auction Sale: 1.30pm spm |^^E| £25 ml WuS All lots are guaranteed and backed by MT au trac e n va
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      220 5 D oes your LanL wave goo Jlye tlie same time you do Out of sigkt, out of minJ. At 48 centres arounJ tke worlJ How true is it when you leave home Stretching from Australia But your Lank doesn't? To as far as the UniteJ States. With CitiGold Priority Services
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Lower income at Atlantic Richfield
        169 6 ATLANTIC Richfield Co has reported sharply lower second quarter net income from worldwide exploration and production of oil and gas due to steep declines in the average price of domestic crude oil and lower production levels. Net earnings for oil and gas exploration and production
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      • Article
        Exxon earnings up
        147 6 EXXON Corp said on Monday that 1990 second quarter earnings from petroleum and natural gas operations increased US$2O5 million or 22 per cent due to much better performance outside the US. Foreign operations accounted for 86 per cent of total petroleum and natural gas earnings during the
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      • Article
        Ford to pay penalty
        125 6 FORD Motor Co has agreed to pay a US$l.2 million penalty and to put in place a comprehensive programme to reduce cumulative trauma disorders at all its plants. The US Occupational Safety and Health Administration said this week that the penalty and new programme will settle
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      • Article
        New service from Dow
        103 6 ;DOW Jones Information Services, an operating group of Dow •Jones and Co Inc, said on Monday that it has introduced Facts Delivered, an information service that delivers reports lon public companies via facsimile machine or electronic mail. The reports include latest news about the company, its
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    • Article, Illustration
      Lock icon Goldsmith keeps options open on Ranks Hovis
      514 6 Reuter SIR James Goldsmith seems to be keeping his options open and investors guessing about the fate of his 29.9 per cent stake in the British food group Ranks Hovis McDougall pic (RHM). Goldsmith's takeover vehicle, Anglo Group pic, said earlier on Monday
      Reuter  -  514 words
    • Article
      Lock icon Ford unit purchase steers Loral into the big league
      390 6 Reuter FORD Motor Co's decision to sell Ford Aerospace Corp to Ix>ral Corp allows the car maker to focus more intensely on building market share while making Loral a major player in the defence electronics business, analysts say. "It certainly transforms
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    • Article
      Lock icon Charles Schwab disciplined by NYSE
      362 6 Reuter THE New York Stock Exchange (NYSE) has disciplined Charles Schwab Corp's Charles Schwab Co brokerage, two other member firms and 21 individuals for violations of NYSE rules and federal securities laws. The exchange said Charles Schwab and Co, without admitting or denying guilt, consented
      Reuter  -  362 words
    • Article
      Lock icon Redevelopment of UK Shell refinery approved
      131 6 Reuter THE GO-AHEAD has been given for a £185-million redevelopment of Shell UK Ltd's Shell Haven refinery in Essex, England. A new naphtha minus complex, and a new central control room will be built, with completion scheduled for the end of 1991. "The new
      Reuter  -  131 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      67 6 I I I I I I t I I I I I I I i i i mm BUSINESS ACTION The Choya shirt. For people who recognize a smart investment. i l I -%e CHOYA TOKYO-JAPAN Available at Daimaru, littan Orchard, Isetan Havelock, Sogo, Tokyu, Yaohan Orchard and Arrow Shops.
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      Page 6 Advertisements Column 2
      107 6 DRAGON COURT RESTAURANT ft m iw m #02 20, Raffles City Shopping Centre, Singapore 0617 Tel: *****22,*****79 (For Reservation) COME SAMPLE EXQUISITE CANTONESE CUISINE PREPARED BY OUR TEAM OF MASTER HONG KONG CHEFS AND DINE GRACIOUSLY IN TRADITIONAL CHINESE AMBIENCE. QUALITY HONG KONG 'DIAN XIN' AT REASONABLE PRICE AVAILABLE FROM
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  • FINANCIAL NEWS
    • Article, Illustration
      Lock icon Indonesian banking industry heading for a shakeout
      489 7 Reuter INDONESIA'S banking industry is heading for a shakeout as the central bank squeezes rupiah liquidity in order to curb speculative lending. Interest rates for overnight funding have swung erratically between 12 and 40 per cent in recent weeks due to the squeeze
      Reuter  -  489 words
    • Article
      Lock icon HKBank shrugs off Australian Ratings' rating
      275 7 Reuter HONGKONG and Shanghai Banking Corp Ltd shrugged off the downgrading of its Australian operation by Australian Ratings Pty Ltd. "It is not a surprise...the (Australian arm's) performance was not so good last year because the business conditions there were difficult," spokesman Raymond Wu
      Reuter  -  275 words
    • Article
      Orix issuing $20m of bonds
      154 7 ORIX Leasing Singapore Ltd (OLS) is issuing $20 million worth of bonds due 1993. The bonds, issued at par, carry a fixed coupon of 7 9/16 per cent payable annually in arrears. The issue, which is privately placed out, is arranged and lead managed by
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    • Article
      Lock icon Deutsche Bank to lift E German stake by Dm700m
      373 7 NYT WEST GERMANY'S Deutsche Bank said on Monday it would be putting a further Dm7oo million into its joint venture with the East German Deutsche Kreditbank, raising the total it has invested in the project to Dm I billion and its
      NYT  -  373 words
    • SMALL CHANGE
      • Article
        Peso drops to new low against US dollar
        91 7 THE PHILIPPINE peso yesterday slipped further to a new record low of 23.70 against the US dollar from last Tuesday'# 23.576 following interbank foreign exchange trading, the' Bankers' Association of the Philippines said. Two banks traded US$2OO,OOO between themselves and the Central
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      • Article
        Nymex board retains its power
        67 7 IN A CLEAR victory for the New York Mercantile Exchange, board of directors, the membership voted to defeat three bylaw initiatives aimed at curbing the board's power, 'txn change officials said. The Nymex membership voted overwhelmingly against motions to submit board compensation. to member ratification,
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      • Article
        Ukraine's claim looked into
        102 7 THE BANK OF ENGLAND (BOE) is investigating a claim by the Ukraine's new parliament for the return of a barrel o( gold allegedly sent to the bank about 270 years ago for safe keeping. A spokesman termed the investigation "a matter ot historical interest" as recent
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      • Article
        Citicorp plans to trim staff
        87 7 CITICORP is reorganising middle management at its commercial and investment banking businesses in North America, Japan and Europe with an eye to cutting costs. Citicorp said two levels of management at the developed countries units would be eliminated, adding in a statement that the moves
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      141 7 I I I NUMBERI JjL WORLDWIDE rl FOR KOMATSU Km Goldbell Engineering Pte Ltd of Singapore has Through this award, Goldbell Engineering has BIW won the Komatsu Award of Excellence for 1989, been established as a world class Komatsu HV IflM HI presented by Komatsu Forklift Co. Ltd of Japan,
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  • Page 7 Miscellaneous
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  • THE REGION 1
    • NOTE BOOK
      • Article
        Fierce fighting in Cambodian province
        88 8 CAMBODIA'S Vietnamese-installed government on Monday reported fierce fighting in a mountainous central province that it said Khmer Rouge guerillas were trying to seize. "The enemy is attempting by all means to seize control" of Kompong Thorn, the official SPK news agency reported, quoting the chief
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      • Article
        Easing the refugee burden
        70 8 PROPOSALS being discussed by the UN High Commissioner for Refugees (UNHCR) with South-east Asian countries are the best option to ease the refugee burden on first-asylum countries, a US official said on Monday. "The UNHCR is in the process of presenting its proposals to Asean and
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      • Article
        Japanese aid to Burma
        54 8 JAPAN on Monday extended a US$22.B million soft loan to Burma as one of the least developed countries in Southeast Asia, state-run Rangoon Radio reported. The agreement to provide the debt-relief loan was signed in Rangoon between Burmese Planning and Finance Ministry official Min Aung and
        54 words
      • Article
        Raid on illegal logs
        67 8 BORDER FORESTRY police have arrested two Thais and three ethnic Karens in a raid on illegal logs from Burma, seizing thousands of teak logs and sawmill equipment. Police said Saturday's raid in the border province of Tak some 500 km north-west of Bangkok was part of
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      • Article
        Karen rebel camp attacked
        66 8 BURMESE soldiers have launched a heavy attack on a guerilla camp held by ethnic Karen rebels and armed Burmese students, a statement issued by an anti-Rangoon student movement said on Monday. Rangoon's 55th Brigade on July 19 attacked Nam Or, a stronghold defended by Karen rebels
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      • Article
        Philippine quake death toll
        53 8 THE OFFICIAL death toll in the Philippine earthquake has reached 1,600 with jnore than 1,000 still missing, many of them believed killed, the Office of Civil Defence said in Manila yesterday. A spokesman said 1,597 people had been confirmed dead by midnight on Monday with the
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    • Article
      Thai south not out to compete with Singapore'
      516 8 THAILAND'S southern seaboard a hallmark economic programme of the Chatichai administration that will transform the south into a new shipping route and a distribution, industrial and trade centre does not aim to compete with Singapore. The Nation newspaper quoted Mr Savit Bhotivihok,
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    • Article
      Retail growth slowing
      96 8 THE THAI retail industry is expected to show a slower growth rate this year of around IS per cent and retailers fear their business could decline further if the inflation problem is not solved. An executive of the Department Store Association said the record expansion in 1988
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    • Article
      Economic forecast revised to 9pc during 7th Plan
      274 8 THAILAND'S National Economic and Social Development Board has revised its economic forecast from 7-8 per cent per annum to 9 per cent during the five-year 7th Plan (1992-1996), The Nation reported. This projection means that income distribution under the 7th Plan will
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    • Article
      HK companies urged to contest dumping ruling
      294 8 THE US Commerce Department's ruling that Hongkong manufacturers are dumping sweaters has been described as unfair by the former assistant chief counsel for the US Customs and International Trade Department, Mr Robert Eisen. According to a report in the South China Morning Post,
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    • Article
      Lock icon Manila sets conditions for small-car programme
      114 8 Reuter SEVEN companies shortlisted for a programme to make small cars in the Philippines can go ahead with production if they can meet certain pricing requirements, Trade and Industry Secretary Jose Concepcion said. He said the Board of Investments would require the seven applicants
      Reuter  -  114 words
    • Article
      Lock icon Shah Alam fair ends with over M$100m in likely deals
      365 9 MBT BUSINESS deals and joint ventures worth more than Msloo million are on the cards in the wake of the 16day Shah Alam International Fair which ended on Sunday. China, represented by Liaoning province, is said to be in the
      MBT  -  365 words
    • Article
      Lock icon KL sees fewer cases of abandoned housing schemes
      196 9 MBT ONLY three new cases of abandoned housing schemes were reported in the first six months of this year, bringing the total so far for Peninsular Malaysia to 252. This is a great improvement over last year, which recorded 54 cases. This
      MBT  -  196 words
    • Article
      Lock icon Malaysia sees fall in number of jobless
      134 9 MBT THE NUMBER of job-seek-ers in Malaysia hit a 12month low in September last year, reflecting the steady increase in the number of jobs. At 72,360 people, the number of job-seekers during the month under review was comparable to 1984 levels, when the
      MBT  -  134 words
    • Article
      Lock icon NZ economy in a torpid state, says institute
      186 9 Reuter NEW ZEALAND'S economy is in a torpid state, with few businesses expecting an early economic improvement, the independent New Zealand Institute of Economic Research says in its quarterly business opinion survey for July. "The recovery in investment reported in (last October's)
      Reuter  -  186 words
    • Article
      Lock icon Palmer wants farm trade progress in talks with Kaifu
      211 9 Reuter THE PRIME MINISTER of New Zealand, Mr Geoffrey Palmer, hopes to make progress this week on freeing up world agricultural trade when he visits Japanese Prime Minister Toshiki Kaifu in Tokyo. "Agricultural trade liberalisation will be very high on the
      Reuter  -  211 words
    • Article
      Lock icon Baker flying to Asia to defend US volte-face on Cambodia
      325 9 AFP US SECRETARY of State James Baker leaves Washington today for a tour of Asia to defend a US volte-face on Cambodia and to make a historic visit to Mongolia. Before arriving in Ulan Bator on August 2, Mr Baker
      AFP  -  325 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      74 8 When it comes to fashion accessories, the Focus attache from Samsonite takes off where your cuff links end. But along with its high-tech European design, Focus is remarkably durable. Which will assure that it'll stay in fashion a long, long time. k Q Samsonite i Our Strengths Are Legendary.* Samsonite
      74 words
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      Page 8 Advertisements Column 2
      457 8 SEAfOOCUN TOK* SOUP CONPOY SOUP POKKRIB WTTHCAmAL SAUCE IN jL FRIED VEGETABLES WITH < FISH CAKE BAKED PORK-RIB WITH I ■A BLACK PEPPER SALT DESSERT SPRING CHICKEN > FOR 2 PERSONS ZfrZO »I*lV W <f< V STEAMED'SEA BASS BAKED PRAWNS WITH BAKMfPRAIWBWnH WITH BLACK FRIED SUCEDCHICKEN WITH s tfa FRIED
      457 words
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  • Page 9 Advertisements
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      60 9 Hour treat at 1M Mu>K 5 s i >n!v for Your :x'vr or standard drink. trom 5pm to *pm. < )(xmni: I lours Vm to Thurs and pub titils 5pm to lam I ri, Sat and eve of pub hols 5 pm to 2am. 'I' \i w P\rk Hotel Ki
      60 words
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      Page 9 Advertisements Column 2
      262 9 *flMb Vf l HI flkk Mm Jbv r I 1,1 ■n 1 v fl H m| v H fl b M I L J 4£&r Hf *-v |5L V HHHBr The more miles you fly United for business, the more free trips we give you for pleasure. Join United's Mileage
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        Moscow may sell rocket engine to US
        114 10 THE SOVIET UNION is ready to sell its powerful REM 70 rocket engine to the US to try to earn foreign currency and forge closer ties with the US space agency, an aerospace weekly reported on Monday. "This is the first time the
        114 words
      • Article
        Trade perks for Andean nations
        68 10 US PRESIDENT George Bush has announced that he will ask Congress to approve special duty-free treatment of selected imports from four Andean countries as a step towards "a comprehensive free trade zone for the Americas". He made the announcement in Washington after meeting Ecuadorean President
        68 words
      • Article
        UK payments deficit up in June
        95 10 BRITAIN'S balance-of-payments deficit rose slightly in June to almost £1.4 billion (US$2.5 billion) after a gap of £1.3 billion (US$2.4 billion) in May, according to figures released on Monday. The increase was in line with forecasts, and financial markets generally took the view that
        95 words
      • Article
        Bid to boost poorer EC regions
        63 10 THE EUROPEAN COMMISSION has granted 663 million European Currency Units (ECUs) to boost industry in less-developed and declining regions of the European Community. The money was allocated by the Commission under a five-year package worth about 50 billion ECUs intended to narrow the economic
        63 words
      • Article
        EC approval for tax measures
        62 10 EUROPEAN COMMUNITY finance ministers ratified three measures designed to ease double taxation of companies in Brussels on Monday. They also agreed to ask a group of experts to study the European Commission's proposed new system of collecting VAT tax. The Commission wants the system to
        62 words
      • Article
        China, E Bloc to trade in cash
        85 10 BEGINNING NEXT YEAR, China's trade with the Soviet Union and Eastern Europe will be conducted mainly in cash, not barter, says the Chinese Ministry of Foreign Economic Relations and Trade. Trade with Poland and Yugoslavia was already being transacted in cash and agreement
        85 words
    • Article
      Lock icon S&L bailout sends US budget deficit ballooning in June
      334 10 AP THE BUSIEST MONTH yet for the US savings and loan bailout ballooned the federal budget deficit to US$ll.2 billion in June, a month when corporate tax payments usually produce a surplus, the American government announced on Monday. The shortfall, compared
      AP  -  334 words
    • Article
      Lock icon US durable goods' orders said to have increased
      377 10 Reuter US DURABLE GOODS orders are believed to have risen modestly during June, indicating that the manufacturing sector remains a pocket of relative strength in an otherwise anaemic economy, said analysts in New York on Monday. Those surveyed expect anywhere from a
      Reuter  -  377 words
    • Article
      Lock icon Congress considering rules on foreign investment
      254 10 NYT MIRRORING concern about a seven-fold rise in foreign investment in US companies in the past decade, Congress is considering a spate of bills that would help the government assess the extent of foreign ownership and its impact on the economy. Some of the
      NYT  -  254 words
    • Article
      Reclusive Arun Singh returns as head of committee
      328 10  -  By Harish Mehta ARUN SINGH, a former minister who quit the Rajiv Gandhi government and turned recluse in a remote Himalayan mountainside, has returned to the government as the head of a committee to recommend changes in the country's massive defence spending,
      328 words
    • Article
      Beijing don calls for stock market
      166 10 CHINA'S fledgling capital markets received a boost last week with Li Yining's call for the development of the securities market as a means of breathing new life into the country's sluggish economy, according to the South China Morning Post. The liberal economist's views were
      166 words
    • Article, Illustration
      Lock icon Fall in prices reflects growing fears over American economy
      834 11 Wall Street market fall NYT FT A SHARP FALL in US stock prices on Monday reflected growing worries over the health of the American economy, especially the erosion of corporate profits, as well as a stock market that has grown increasingly
      NYT; FT  -  834 words
    • Article
      Lock icon US$ at two-and-a-half-year low against Deutschemark
      434 11 NYT THE US DOLLAR fell sharply against most European currencies on Monday, hitting a two-and-a-half-year low against the West German mark. It also fell against the yen, but not as sharply, reflecting the continued chronic weakness of the Japanese unit. Traders said the big
      NYT  -  434 words
  • Page 10 Advertisements
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      967 10 WfWCIFIC STATEMENT TO SHAREHOLDERS OF INNO-PACIFIC HOLDINGS LTD To: The Shareholders of Inno-Pacific Holdings Ltd The specified items responsible for the Clarifications and Comments suited in the loss of 11 stores operating months. shortfall are: u Lower than expected sales at these restaurants Thp nirprtnrc nntP with ronrprn rpcent newsDa-
      967 words
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      7 11 HtopKJ Jh Jl^h ■»V^B^S^Ubk.'- '.r.^Ar 1 •yV/^yV
      7 words
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      Page 11 Advertisements Column 2
      661 11 iGulf International Bank^c; (Incorporated in Bahrain) STATEMENT OF CONDITION As at 31.12.89 As at 31.12.88 BD 000 US$ 000 BD 000 US$ 000 ASSETS Cash and Due from Banks 19,071 50,585 19,796 52,509 Money Market Instruments 14,858 39,412 135,293 358,869 Placements 1,133,399 3,006,364 1.097,843 2,912,052 Marketable Securities 388,962 1,031,730 191,592
      661 words
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  • Article
    Sabah on the right path
    470 12 EDITORIAL T OW THAT the Sabah state elections are over, the time is right for the mending of fences between Kuala Lumpur and Sabah's ruling Parti Bersatu Sabah. During the bruising campaign, federal leaders had understandably interpreted the strong championing of state rights in the
    470 words
  • WHAT THE OTHERS SAY
    • Article
      Last samba in Havana?
      192 12 CUBA'S celebration of Fidel Castro's 1959 revolution this week seems odd at a time when "revolution" tends to mean the overthrow of communist regimes. Rather than celebrating his revolution, the man in charge*of the Western hemisphere's most dogmatic Marxist regime should ponder whether he can survive
      192 words
    • Article
      More leeway, but...
      156 12 THE National Community Organisations Council due to be set up in a few months' time will give grassroots leaders, especially those from the RCs and CCCs, a greater role on how to lift the welfare of their communities to greater heights. It also opens up another avenue
      156 words
    • Article
      Free, but firm
      110 12 FIRST Deputy Prime Minister Goh Chok Tong promises a freer style of governance when he takes over as prime minister. But it is hoped that Mr Goh did not give the wrong impression that unbridled freedom will be the order of the day. It bears reminding that
      110 words
  • REGIONAL VIEWPOINTS
    • Article
      Too foggy still
      174 12 THE industrial world has at best a hazy recognition that the developing countries also have interests in the Gatt talks and that if poorer nations are to agree to new rules, the rich will have to refrain from their might-is-right attitude. So far, the US, the EC,
      174 words
    • Article
      And yet more talk
      151 12 WITH the Bill to offer passports to 50,000 heads of household in Hongkong set to become law this week, discussion on that topic will be inevitable, with (Francis Maude, the Minister with Special Responsibility for Hongkong) left with no choice but to attempt to temper Chinese
      151 words
    • Article
      Time for action
      191 12 THERE is no denying that the country's economic performance has been exceptionally impressive over the past two years under the current coalition government. But alongside the booming economy is a growing chorus of complaints both within the local and foreign business communities of bribery and official wrongdoing.
      191 words
  • Article, Illustration
    Lock icon Peace with Japan?
    1002 12 Japan is today regarded as a world leader, but its assertiveness is regarded with suspicion by quite a few people in Asia. Its ability to prove that it stands for universal values, not exclusive ones, will decide how peaceful and prosperous post-cold-war Asia will be Economist TO
    Economist  -  1,002 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      257 12 a iot at shcraton little things mean a iot at sheraton iittie things mean a lot at m X m So > *o 5 I z Z I iWi t We have recently renovated our B| .Ife# 'HI |P conference venues, giving you a choice o IVILL 1 v-4 %Jo
      257 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      42 12 DOONESBURY BY GARRY TRUDEAU HOUTS SIMPLE. FIRST 1 THENI PUT IN OUR EN6A6E- I T LSVSSEB THAT EWER THE FAX MEW ANNOUNCEMENT, HIT I HOUI THEY WORK, NUMBERS OF ALL THE TRANSMIT BUTTON, AND /X I 50NAKEP. HAf TTON j BtNQO-OUR NEWSBELON9S
      42 words
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  • ANALYSIS
    • Article
      Lock icon India's economy riding a buoyant wave
      914 13 The Bombay Index of the 30 most sensitive shares has been climbing to new highs. In spite of doubts about the stability of V P Singh's administration, businesses are flourishing and the economic climate in India is conducive to growth. But can this boom
      FT  -  914 words
    • Article, Illustration
      Lock icon Seoul far, Seoul good for business
      1092 13  -  Fears of an economic crisis in South Korea have vanished, as have the gloomy forecasts of industrialists. But behind the better numbers are some significant changes from the traditional pattern of growth. John Ridding reports John Ridding FT THE South Korean economy seems to
      FT  -  1,092 words
    • Article, Illustration
      Lock icon Iraq plodding along in quest for power
      705 13  -  Jean-Pierre Perrin looks at Iraq's economic problems and how they hamper the county's attempt to develop into a power in the Arab world Jean-Pierre Perrin AFP THE dispute that erupted last week between Iraq and its oil-rich Gulf neighbours has underlined the problems
      AFP  -  705 words
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      Page 13 Advertisements Column 1
      25 13 Victorian Modern European Paintings jSB| Hilton International Hotel, Malaysia Thailand Rooms Orchard Road, Singapore 27-29 th July 1990—10 am to 7pm (r^osefern J Fine Art
      25 words
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  • FOCUS
    • Article, Illustration
      All systems go for Sysmech
      755 14  -  A brotherly eye that's all three homegrown companies needed in order to blossom. The trio tell Claire Leow how they have benefited from the Economic Development Board's upgrading scheme for local businesses. Claire Leow IT WAS the spectre of unemployment that goaded them into trying
      755 words
    • Article
      Take heart, Big Brother is watching you
      243 14 GETTING Big Brother to watch over you as you improve. This was the rationale behind the Economic Development Board's Local Industry Upgrading Programme (LIUP). Launched in 1986, its aim was to get multinational corporations, acting as mentors, to transfer their technology, operational and
      243 words
    • Article
      Keying in to success
      439 14 THE next time you pick up a handphone or use a remote control panel, take a closer look. Those numbered rub-ber-key pads could well come from a local company, San Teh Rubber Industry. And those rubber-key pads are the key to the company's success, which has
      439 words
    • Article
      Nickel and dime venture no more
      571 14 MR KOK Peng Foon, 46, is a man on the move. A physics graduate, he likes to experiment in his free time. It was one such little experiment in the mid-1980s that changed his life. "I was curious about electroless nickel because it gives
      571 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      112 14 I Freehold Terraced and Semi-Detached Factories From M 5300,000 Onwards! NO RESTRICTION TO FOREIGN OWNERSHIP EASY ACCESSIBILITY VIA JALAN KOTA TINGGI AMPLE 3 PHASE ELECTRICAL WATER SUPPLY (PROPOSED 4-LANE EXTENTION.) GOOD QUALITY INDUSTRIAL BUILDINGS. NEAR T0 POPULATION CENTRES. SINGAPORE SOLE MARKETING AGENT J SHOWROOM: A ft Developer HMml.il mSSSSSMSSi Block
      112 words
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  • SPORTS
    • Article, Illustration
      Lock icon Garrison powers US to victory
      407 15 AP ZINA GARRISON, ranked No. 4 in the world, and teenage sensation Jennifer Capriati helped the US, the defending champion, beat Poland 3-0 in the first round of the Federation Cup in Georgia on Monday. Three other seeded teams also posted 3-0 victories third-seeded Austria
      AP  -  407 words
    • Article
      Lock icon Sheehan falters yet again
      206 15 AFP FOR THE SECOND WEEK in a row, Patty Sheehan came up short of victory as Beth Daniel prevailed in a suddendeath play-off in Ohio on Monday to win the rainplagued Youngstown Classic. Daniel, who led by two shots when final-round play was suspended last Sunday,
      AFP  -  206 words
    • Article
      Lock icon World equestrian tournament begins
      199 15 AP SEVEN YEARS AGO, Prince Philip of England voiced his dream of bringing six equestrian events into a single world championships. Yesterday, his dream came true as King Carl XVI Gustaf of Sweden declared the inaugural World Equestrian Games open at Stockholm's Olympic Stadium. In the
      AP  -  199 words
    • Article
      Lock icon Sabatini recaptures No. 4 spot in world
      118 15 AFP GABRIELA SABATINI of Argentina, recent winner of the U*****,000 Gunze tournament in Tokyo, has recaptured the fourth place in the Women's Tennis Association (WTA) world rankings. Sabatini, 20 who since the French Open has been looking sharper and more enthusiastic since working
      AFP  -  118 words
    • Article
      Lock icon Faldo planning to go all out for major titles
      273 15 AFP NICK FALDO, still celebrating his second British Open triumph, is planning an all-out assault on golfs major prizes over the next decade and thinks he can win his third in the space of four months at the US PGA championship
      AFP  -  273 words
    • SIDE LINES
      • Article
        Lewis beaten in 100m by training partner
        121 15 LEROY BURRELL surged to the lead about 60m into his 100-metre showdown with world record holder Carl Lewis and defeated his childhood hero by less than a metre on Monday at the Goodwill Games in Seattle. The time, 10.05 seconds, wasn't especially fast,
        121 words
      • Article
        Philippine star to miss Games
        69 15 ASIAN SPRINT QUEEN Lydia de Vega-Mercado is out of the Philippines track team for the Beijing Asian Games. The runner, who shot to fame in New Delhi eight years ago and hit the headlines again when she eloped after the Seoul Olympics, has been too
        69 words
      • Article
        Gonzalez retains WBC title
        82 15 UNDEFEATED Humberto Gonzalez successfully defended his World Boxing Council light flyweight championship title for the fourth time on Monday with a fifth-round technical knockout over Jung-Keun Lim in Inglewood, California. Gonzalez, of Mexico City, Mexico, had floored his South Korean opponent with a left hand late
        82 words
      • Article
        New stadium for ATP event
        67 15 A 4,000-SEAT STADIUM COURT will be built in Australia for the US$ 1 million Association of Tennis Professionals World Doubles final from Nov 21 to 25, organisers sai i yesterday. The stadium will be constructed at Sanctuary Cove, a Japanese-owned resort and residential complex 80
        67 words
      • Article
        Wrestler nominated for honour
        94 15 THE MEMBERS of the Yokozuna Council, a group of academics, journalists and other sumo experts, have decided to nominate 30-year-old Asahifuji for the yokozuna, or grand champion rank. Asahifuji's performance "during the second half of this past tournament was particularly superb and dignified. We all recognised
        94 words
      • Article
        No decision on new coach
        71 15 THE PRESIDENT of the Brazilian Football Confederation has denied reports that former World Cup star Falcao has been appointed coach of the national team. Ricardo Teixeira said in Rio de Janeiro on Monday that he had still to decide who would succeed Sebastiao Lazaroni. "We
        71 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      121 15 From the hardiest machinery to the most delicate livestock, you can trust your cargo to Thai. Not because of our 5,300 s(\. m. cargo handling warehouse, or our extensive network that spans H cities in 36 countries. But because of our personal attention to your needs, and because we handle
      121 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      214 16 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... *1 Some of our best advertising is fay w*d~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 cxt
      214 words
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      Page 16 Advertisements Column 2
      271 16 IK?/ DIANXIN TEMPTATION! Treat yourself to a Delectable Dian Xin lunch. All-you-can-eat for only 116.80 per person Lunch Hours: 11.50 am 2.30pm •ptiiN ItfV. Mtvrr clury A 4\ ginrmmert cu -^iTTaH 91^ HWT REGENCY©SNGAPORE 1«>)2 Score Kcud Smijjpure Wl2 Tel 733HK* Buffet Dian Xin Daily for lunch 11.30 am to
      271 words
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      Page 16 Advertisements Column 3
      213 16 \NTe/^H^T('o° buffet Adult: $16 i IVfIL Dinner Only CafeHaza Beach Road Sm*aporr 0719*J: *****11 ROSE GARDEN Z, SICHIIAN RESTAURANT f» Level 5. Golden Landmark Hold 390 Victoria Street, Singapore Introducing our new Set Lunch Promotion 6-course Lunch for 3 to 4 persons at $48.00++ 7-course Lunch for 6 to 8
      213 words
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      Page 16 Advertisements Column 4
      261 16 Ist —31st July T From corn-fed American cattle come succulent, juicy steaks Roast Prime Rib of Texas Steer Beef, Boston Oyster Steak and Braised Beer Steak complemented by excellent wines and delicious desserts. 54 Soar L 333 Orkd Road. Saffron WO. T«fc *****11. B-i (f fl AAiprryj I VPBB \V
      261 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      609 16 TELEVISION AND RADIO i *-m 11 Cftn* <55 Ml fcyok Prayer Call. H Hnnpknnp wilrlliflp L,rf,v4,frK ?:sss^r 1 tis~i£2r<Mr d> 55^^wwiT rxuiigivuiig wiiuinc g!^sr B r < 1.00 Insight— First Tuesday: The from Roxette Look Sharp!— up. 5.30pm, 3.2Smi. Financial News i e |Wri Jfit Hunting Ground (Documen- Swedish Tour.
      609 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Will the real Adam Smith stand up?
      952 17  -  Two centuries after Adam Smith's death, the world has yet to determine what he really stood for. Barry James reports Barry James IHT DR JOHNSON called him "a dull dog." And as the first systematic practitioner of the dismal science of economics, Adam
      IHT  -  952 words
    • Article
      Bread for the masses, made by royalty
      612 17 CHATTERBOX THE ULTIMATE uppercrust loaf is now on sale, an organic bread named after Prince Charles' Highgrove estate and containing wheat organically grown at his Home Farm. The Tesoo supermarket chain began selling Wholemeal Highgrove for 59 pence (US$l.O7) a loaf on Monday,
      612 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      224 17 AND ENTERTAIN A Yen For Fresh Japanese Food. fi! is 8 LUNCH: 12 NOON $55 to2,sPm 4 5 DINNER: 6.30PM TO EE J iH 3 10 |SPM 5 PRICES SUBJECT I, 3*5 TO 10* SERVICE IJb CHARGE AND 4% cess. Unkai flies in fresh ingredients daily from Japan. To give
      224 words
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      Page 17 Advertisements Column 2
      211 17 1 FOR SALE (BY TENDER) VACANT LAND PARCELS FOR WAREHOUSING DEVELOPMENT Location Western side of Kaki Bukit Avenue 2 Title URA Parcels 146 and 147 Lot 2763 Mukim 23 Land Area Approximately 21,380 m* Tenure 60 years HDB leasehold from 26 February 1982 Ownership No restriction on foreigners Development: Approved
      211 words
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      Page 17 Advertisements Column 3
      375 17 Chinese cuisine, best of Thai. Over 120 mouthwatering specialities and an array of irresist i He Thai desserts. liffiSEmvcE 563 Orchard Road 101 Thomson Road X #01-16 Forum GaHeria #81-55 United Square Singapore 0923 Singapore 1130 Tel: 732 5688 Tel: 252 5630 Irresistible Thai Set Lunches... Now At Chao Phaya
      375 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Weak overseas markets depress local stocks
      4405 18  -  By Abdul Hadhi WEAK SENTIMENT in overseas markets continued to affect share prices in the Singapore stockmarket yesterday. Brokers expect more profit-taking in the days ahead unless sentiment improves in New York and Tokyo. "Although sentiment was undermined by the sharp fall on Wall
      4,405 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4162 19 Main S1A Foreign 1920 30 +1.6% CJbC 490 +8 +1.7* LimKahNpm 212 +8 +3.9* Singmarine SO* 498 +6 +1.2* Tat Lee Bank 376 +6 +1.6* J Cement 324 +6 +1.9* Bousteadco 264 6 2.3* UE 222 +6 +2.8* Inchcape 540 5 +0.9* Marco Poto 220
    4,162 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      250 20 riMinj tote Ymt Grw» N«t Ptet Mratags CrMS mm to pr«ltt/l*u (L) P*r «k»" divMMd ('000) (e«ats) S 8 Sembawang Jul 5 liar 90 $13,454(16,793) 56 1 <28.3a) 35n(15a) Metro HMgs M4 Mar 90 $8,006(110.219) 14.6(18 7a) 4(2.7a) Rothmans M Jul 4 Mar 90 M$105,988($98.362 37 1(345) 30k(45)
      250 words
    • Article
      PRELIMINARY RESULTS
      238 20 CwHuy Oat* Y«r Group pre-tax Nit uniap Grtu ami to preflt/toM (L) Mr share dividend (•000) (cents) Choc Prod Jul 17 Mar 90 M$2,095| ($1,231) 0.9(-) RasM Hussain Jul 13 May 90 MS30.105(M$15.33«) 21.8(11.1) 5(4) Paiangj Bhd Jul 12 Mar 90 M$14.247(M$10,387) 6.5(4.6) 10(8) iMtan Jul 5 Mar
      238 words
    • Article
      INTERIM RESULTS
      160 20 Cfpmy Data HoH-yoar Group pro-tax taterin MR to prom/W*» (L) dlvtdond COM) Roxy Elect lul 20 Jun 90 M$733($546l) M Cement Jul 12 May 90 MS29.627(M$14.717) 7.5TE(6TE) Ganda Hldp Jun 29 Mar 90 MJ3.237L(S2.236L) Paofic Can Jun 29 Mar 90 J68l(-) —<—) Samanda HWgs Jun 28 Mai 90
      160 words
    • Article
      CORPORATE DEVELOPMENTS
      390 20 S, 2 U~* a- e... 1— Pte Ltd to go into the entertainment business. Jack CMa is floating one of his companies in Thailand, Jack Chia Industries (Thailand) Ltd, on the Thai stock exchange Singapore SNptouMng t Engineering is offering 46m 25-cent shares at 11.20 each to the
      390 words
    • Article
      DIVIDENDS ANNOUNCED
      534 20 CwTMrt Ei BmIu 0«t« T«tal far Trtalfcr pijiMit Mi d(M piyaWa tfc# yur last yur Mn Mdp 6% Aug 28 Sep 7 Sep 26 61 6% MfT NYA kin 20 Jul 5 Aug IS NYA 129sefi Mm 7.5*11(1) Oct 12 Oct 25 Nov 15 75*11 25*1E SMtmng 351
      534 words
    • Article
      RESULTS DUE
      694 20 NM Date Yaw M EPS few M M yaw (TIN) Laa* MM Mm Mw 30 Ok 89 *****0 EM mtenm Apr 26 M 90 9J(«) 2JTE(a) 4.747 M Lm Ami Fa* Mi 1 Ok 89 12 3 10 2706 FIN Men* Mi 23 Stp 90 35 6 11.0
      694 words
    • Article
      APPROVED ISSUES
      251 20 Company Rights bin B Cap On*-tor-One MSI GO pa share (*****m 1% Convertible Unsecured Loan Stock of MSI 00 manal vatoe Is bt sued or the basis of 1 CULS tof mt( stares hdd Ei-date ton 6 Boots do* ton 20 Acceptam ft Payment taf i KMaMa (K)
      251 words
    • Article
      PROPOSED ISSUES
      513 20 Company Rights Issue Camay few Caprtal reduction scheme to reduce par value of shares tram $1.00 to JO 60; ssue of U SO 60 per share cm On*tor«ne MX 00 per share Every tour nghts shares would be ssaed wth one TSR EMS One-tor two e >1.75 wdh
      513 words
    • Article
      BONDS, LOANS & WARRANTS
      611 20 BONDS, LOANS WARRANTS UC Bt Baton 26/4/93 1 warant pla $109 cak Caaaaay taa C—I i Bt 2/10/89 to 20/10/94 1 warrant ptos $1 cak a 1 warrant pla >1 —iI awnt ft \m toak (taltol Mack »7 to 31/12/SI 1» warati pla >1-55 cato. Ctoaa dp BB4 1/8/19 to
      611 words
    • Article
      COMPANY MEETINGS
      252 20 Rodmans of Pal M 4 (M) Bhd: 29th AGM at the Petakng Jaya Hilton Hotel, 2 Jaian Barat, ***** Petakng Jaya, Selangor Darul Ehsan on Thursday, July 26, at 2.30pm. Bitit Sembawang Estates Limited: 24th AGM at the Orchid Room, Mezzanine Floor, Shangri-la Hotel, 22 Orange Grove Road,
      252 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      278 20 NOTICES OFFICIAL NOTICE PROPOSAL TO CHANGE OF SHIP'S NAME We, Eastern Carriers Pte Ltd of 3, Pandan Road Singapore 2260, hereby give notice that we have applied to the Registrar of Singapore Ships under Section 380 of the Merchant Shipping Act (Cap 179) In respect of the motor vessel JARAMAC
      278 words
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      Page 20 Advertisements Column 2
      88 20 A RARE OPPORTUNITY TO TAP SINGAPORE'S BOOMING TOURIST MARKET FOR SALE Proposed 14-Storey Hotel at Bencoolen Street At the fringe of Civic and Cultural District With provisional permission 999-year title For more details, contact Sole Marketing Agents. BBcomruter furniture bzs& made In Japan ■B? W nt of our OA furniture
      88 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Most stocks end off day's lows on bargain-hunting
      3693 21 Bernama SHARE PRICES in Kuala Lumpur closed slightly lower yesterday but most counters ended off their day's lows as bargain-hunting helped to narrow losses. Interest in index-related issues lifted the KLSE Composite Index from the day's low of 624.05 to finish at
      Bernama  -  3,693 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      457 21 7 The 6th Asia-Pacific Petroleum speakers A Conference Mr M S Aknuhairi The Premier Meeting Place for the Oil Industry E t^ < Sf° rartonL,d 17-19 September 1990 UMMdtal Raffles City Convention Centre, Singapore Singapore International Monetary Exchange Lid Singapore Singapore will be the centre stage for the world's oil
      457 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks finish lower on rate and yen worries
      2280 22 Reuter TOKYO SHARES yesterday closed broadly easier but well off their lows in thin trade on general buying, as well as a spate of index-linked buying programmes in the late afternoon. Lingering worries over higher domestic interest rates and a weaker yen
      Reuter  -  2,280 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Afternoon buying helps market to pare losses
      2482 22 Reuter HONGKONG stocks ended sharply lower yesterday after New York shed some 56 points on Monday. But light afternoon bargain-hunting lifted the market barometer off the day's low. The Hang Seng Index closed 64.02 points down at 3,495.87, but above the low of
      Reuter  -  2,482 words
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  • REGIONAL STOCK MARKETS
    • Seoul share prices hit new 1990 lows
      • Article
        AUSTRALIA
        1012 23 THE AUSTRALIAN share market finished weaker on low volume yesterday, but performed reasonably well in view of the 56-point fall in the Dow Jones Index on Monday, brokers said. **"It was a creditable effort," one said. The All Ordinaries Index ended 12.5 points weaker at 1,586.8, off the low
        1,012 words
      • Article
        MANILA
        532 23 •PHILIPPINE STOCKS closed mixed in cautious trading yesterday as the market tvtjbs preoccupied with the impact on the economy of last week's earthquake, brokers said. The Manila Stock Exchange composite index closed 4.04 points firmer at 886.12. Declines led advances on the two local bourses by 36 to 22.
        532 words
      • Article
        TAIPEI
        391 23 TAIPEI share prices closed sharply higher almost across the board yesterday after late buying by small investors, reversing earlier losses, dealers said. The weighted index rose 280.19 points, or 5.6 per cent, to finish at 5,271.61 compared with Monday's 4,991.42 close. Turnover fell to NT559.9 billion from NTS9O billion.
        391 words
      • Article
        BANGKOK
        696 23 BANGKOK STOCKS closed slightly lower in active trade yesterday after bargain hunters moved in to take advantage of a plunge during the first half of the session, brokers said. The composite SET Index lost 2.68 points to end at 1,130.86 on turnover of 103,830,512 shares worth 5,704.40 million baht
        696 words
      • Article
        SEOUL
        856 23 SEOUL share prices hit new 1990 lows yesterday despite institutional intervention and brokers said further falls were possible this week unless the government took steps to boost trading. The composite index closed at 679.67, down 1.71 points from Monday. "Selling pressures continue and institutions' liquidity is very tight," a
        856 words
      • Article
        NEW ZEALAND
        370 23 THE New Zealand bourse, which looked in the morning as if it would withstand a weaker Wall Street, yesterday capitulated in the afternoon led by soft Tokyo prices. Broken doubted the fall was inspired by nerves ahead of yesterday night's 1990/91 budget statement at 0730 GMT, adding that
        370 words
      • Article
        BOMBAY
        67 23 THE BOMBAY Stock Exchange was closed for the second day yesterday to enable brokers to complete business done in the two weeks ended last Friday. Exchange officials said the settlement was held up after brokers' staff demanded a new wage accord. The officials said the brokers and the staff
        67 words
      • Article
        Untitled
        891 23 Close Prcviom July 24 SYDNEY All Ordinaries Index 1,586.8 1,599.3 -12.5 All Industrials Index 2,460.5 2,485.8 -25.3 All Resources Index 918.7 922.1 -3.4 Turnover (million) 60.69 61.34 -0.65 BANGKOK SET Index 1,130.86 1,133.54 -2.68 Turnover (nearest *000) 103,831 NA JAKARTA Composite Index NA Closed NA Turnover (nearest *000) NA Closed
        891 words
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  • WORLD STOCK MARKETS
    • Dow falls 56 pts on heavy program selling
      • Article, Illustration
        NEW YORK
        1007 24 US BLUE CHIPS resumed their decline on a fresh wave of sell programmes on Monday, traders said. "We're having another small round of selling going on right now," said Tom Walsh, head of trading at Nikko Securities. Weak corporate earnings were also blamed. The Dow 30 index was
        1,007 words
      • Article
        ZURICH
        316 24 SWISS SHARES traded lower at midsession in quiet dealing yesterday as Wall Street's drop yesterday weighed on the market. The SMI index of leading shares fell 20.9 points to 1,782.6 and the all-share SPI index lost 12.0 points to 1,190.8. Dealers said prices fell at first in reaction to
        316 words
      • Article
        AMSTERDAM
        286 24 MOST DUTCH share prices remained moderately lower in thin midday trading yesterday but held above the day's lowest levels. Stocks fell initially after a drop on Wall Street Monday, but early selling was relatively subdued, brokers said. A partial recovery in US stocks overnight and stability on other European
        286 words
      • Article
        PARIS
        246 24 FRENCH share prices traded quietly firmer at midday yesterday, but fell from opening levels as the market nervously awaited Wall Street's start, dealers said. "Wall Street is going to be the big decider. If it opens up, we could see the index move through the critical psychological barrier of
        246 words
      • Article
        BRUSSELS
        161 24 BELGIAN SHARES started mostly easier yesterday but blue chips in particular soon recovered as operators actively sought bargains. Dealers said the opening was stronger than many had expected after Wall Street's 56-point fall yesterday. Brussels, reopening after a long weekend holiday to mark National Day, was continuing to benefit
        161 words
      • Article
        FRANKFURT
        363 24 WEST GERMAN shares fell around one per cent at the Frankfurt opening yesterday, but quickly rebounded to levels just 0.6 per cent below Monday's dosing prices. The DAX index of 30 leading shares slipped 12.50 points to 1,925.54 by 0845 GMT, after earlier falling as low as 1,919.00. Dealers
        363 words
      • Article
        JOHANNESBURG
        360 24 A RISE in the gold price to US$366 an ounce on Monday afternoon gave an ailing Johannesburg stock market a J>it of a lift. But dealers said gains were limited in hesitant trading due to investor uncertainty ahead of renewed tatya between the South African government and African National
        360 words
      • Article, Illustration
        LONDON
        776 24 LONDON equity prices were just below the day's highs at midsession yesterday after a quiet morning recovering part of Monday's losses, dealers said. Shares moved slowly higher at the opening on a broad-based mark-up in reaction to Monday's loss. The FTSE tumbled 40.4 points on Monday after a sharp
        776 words
      • Article
        MILAN
        213 24 ITALIAN SHARES followed the downward trend of other stock markets to close sharply lower in nervous trading yesterday, with the MIB index dropping 15 points, or 1.39 per cent, to end at 1,061. "The nervousness on foreign markets and the Lombardfin affair created an explosive cocktail," one broker commented.
        213 words
      • Article
        Untitled
        298 24 July 23 Cloae Pmiow NEW YORK Dow Jones 2,904.70 2961.14 -56.44 NYSE Financial 141.32 143.71 -2.39 SAP 500 355.31 361.61 -6.30 Turnover (million) 209.03 177.81 +31.22 LONDON Financial Times 30 1867.1 1898.10 -31.0 FTSE 100 2359.7 2,400.1 -40.4 Turnover (million) 369.8 437.6 -67.8 AMSTERDAM CBS General 200.10 202.50 -2.40 bnussfis
        298 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Trading nervous as market awaits Greenspan's testimony
      1244 25 FOREX MARKET REPORTS THE US dollar was firmer against the mark, but slightly easier against the yen and sterling in nervous trading in Europe yesterday morning. Dealers said many participants were > staying on the sidelines ahead of the copening of US stock
      1,244 words
    • Article
      INTERBANK FOREX RATES
      391 25 •Cross rates ju»y 24 USS SS MS Dm Yen SFr A$ NZS n4JSS 1.8120 2.7035 1.6230 148.20 0.5485 1.3830 1.2706 1.6807 or*; SS 0.5519 1.4920 0.8957 0.8179 0.3027 0.7632 0.7012 0.9275 MS ***** 67.02 0.6003 0.5482 0.2029 0.5116 0.4700 0.6217 Dm 0.6161 1.1165 1.6657 91.31 0.3380 0.8521
      391 words
    • Article
      MONEY MARKET
      543 25 Interbank rates m Offer Overnight 3 1/4 5 1-month 7 3/8 7 1/4 2-<nonth 7 3/8 7 1/4 3-month 7 3/8 7 1/4 1 Overnight mode: 6-11/16 r%r USI BK Offer £"7 days 8 8 1/8 1 month 8 8 1/8 2 months 8 8 1/8 3 months
      543 words
    • Article
      Lock icon EC to discuss hard ECU
      313 25 NYT BRITAIN'S EC partners on Monday promised to consider seriously its plan for evolutionary monetary convergence on a hard ECU, while still keeping their own sights on creating a single currency for Europe. Mr John Major, the UK chancellor of the exchequer, said it was
      NYT  -  313 words
    • Article
      FINANCIAL FUTURES
      1541 25 SIMEX EUROMUM Open High Low Sett Eat Vol Op/lnt Vol Sep 90 92.04 9103 9102 92.04 7707 ***** 215^ Dec 90 92.03 92.05 92.03 92.04 4463 ***** 3268 Mar 91 92.01 92.02 92.00 92.01 I2SI 3S74 I2SS Jun 91 91.S3 9I.S4B 91.82 91.83 238 636 341 Sep 91
      1,541 words
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  • COMMODITIES
    • Article
      Lock icon Opec clouded by Iraq-Kuwait clash before meeting
      356 26 AFP THE 13 members of the Organisation of Petroleum Exporting Countries open a crucial meeting in Geneva today against the backdrop of a bitter dispute between Iraq and fellow Opec members Kuwait and the United Arab Emirates. The main goals of the meeting
      AFP  -  356 words
    • Article
      Johor still Malaysia's top producer of crude palm oil
      330 26  -  By David Chew JOHOR, which has some 300,000 hectares of land under oil palm cultivation, is steadfastly maintaining its position as the leading Malaysian state in the production of crude palm oil. The state produced 628,232 tonnes of crude palm oil
      330 words
    • Article
      Tin slips four sen on higher disposals
      861 26 REPORTS THE price of tin slipped four sen to MS 16.06 per kg on the Kuala Lumpur Tin Market (KLTM) on higher disposals and poor overseas advice. At the opening, bids amounted to 70 tonnes against offers of 109 tonnes. As the price
      861 words
  • Article
    PRICES
    1277 26 Rubber July 24 I ■Mthfch >■>■») S centi/kg Noon CVoae Int I RSSPrompt 154.50/155.50N 154.7VI55.75N Inl I RSS Aug 90 155.50/156.00 155.7V156.25N Inl I RSS Sep 156.00*156.50 156.2VI56.75N Int 2 RSS OP 153.50/155.50N 153.50/155 50N Int 3 RSS OP 149.00/151.00N 149.00/151.00N Int 4 RSS OP I45.0Q/I47.00N I4S.00/147.00N Int 5
    1,277 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      920 26 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I Tan Ek Ngee of Blk 11 York Hill, #07-116 Singapore (0316), have applied for a Beer House, first class licence in respect of premises at M/s 924 Family Restaurant at Blk 924 Ylshun Central 1 #01-322 Singapore (2776), and that this application
      920 words
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      Page 26 Advertisements Column 2
      15 26 Read Charlpoint, a guide to investing in the stoek market. Every Saturday in Business Times.
      15 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1027 27 Ctty fljgt ETA FlgW ETP Hfca taM GA895 1235 3 kttU* QF7 2035 SQ227 2250 nwilll <■ GA895 1235 KL814 1720 KL813 1455 SQ24 2200 Htmm QF015 2230 AacMaai TE25 1800 TE28 1920 SQ388 202S taivStri ***** n05 SQ182 0915 •mm SQ181 1410 BJ422 1205 Bt429
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  • THE TRAVEL PAGE
    • Article, Illustration
      Bath, sauna and massage for 300 pesos
      575 27  -  POSTCARD FROM MEXICO CITY By Emilio Fernandez CROWDED with all the human drama that a city of 20 million people can muster, Mexico City's subway is a kaleidoscope of death, life and sex, all rocking and rolling in its subway cars. "For 300
      575 words
    • Article
      MONEY CHANGER RATES
      153 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4180 1.4380 Canadian dollar 1.3300 1.3100 NZ dollar 1.0630 1.0930 Sterling pound 3.2950 3.3250 US dollar 1.8140 1.8240 Local dollars to 100 units of foreign aiireno Austrian schilling 15.50 16.50
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      278 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Tel July 30 Property Financing Jakarta AIC *****98 Oct 2-7 International Italy Ente Autooomo 1/*****132 Hilton Conference Machinery A Hen Di Rimini Technology July 30 New Trends In The Hilton Hotel AIC 03-*****43 Exhibition for 31 Ra0rt Confcren"
      278 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      30 27 A —I —f —> S W X —"X. g I I M IhiirMljv.N.iiuril.n .uul VISUIJI hin^i 1 v /Kv 7IN IL \I: I. I I M i M; A Air Canada
      30 words
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      Page 27 Advertisements Column 2
      188 27 Twelve traditional specialities with that definitive taste of Shanghainese delicacies and matchless in culinary perfection and palat ability. A feat that only Li Yao Yun, China's National Executive Chef is capable of. With more than 30 years of expertise, his culinary mastery includes NOW several top awards earned at the
      188 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      275 27 1 Quick to criticise one's —L_J—*— primitive instincts (9) English farm animals elicit a sardonic comment (7) .12 December Ist turned very Trust the go to a ~~IbMBBBB" ""■H" ImJ 19 Nothing but a description the innocent 21 Striker joined by friendly associates 24 22 Allow in a currency from
      275 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      211 27 Singapore Outlook: Showers over several areas ia the morning and early afternoon. Report: Max temp. 32.4 XT Assoc humidity 60% Mintemp. 26.2 Assoc humidity 90% Hrs of sunshine 8.55 Rainfall in mm nil Rainfall this mth 100.8 Rainy days this mth 8 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 18/08 Fair
      211 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      30 27 IliLkiCTjhWfflflWff! r, ~up*T' N |1W0"S NOUM& H*fc*iNGToN, fboß DEVIL cA TH ew To tR5\ Up**** ok nlv v»rn us foKfrwrj meVutfw. HA!vAf\( \Sr \\iFTT e KVtMMO STANOAftO CO. LTD, IM2-ISM
      30 words
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  • Article, Illustration
    Lock icon Ministers suggest ways of tackling the challenges ahead
    610 28  -  Asean Ministerial Meeting From Yong Pow Ang in JAKARTA WHERE does Asean go from here in the face of the rapid changes in the political and economic landscape of the world? And what of Asean in the post-Cambodia era? The answers to
    AFP picture  -  610 words
  • Article
    Asean tie-up in potash mining planned
    286 28 A JOINT VENTURE in potash mining will be set up soon, with shareholders drawn from the six member countries of Asean. The total investment of the project is estimated at US$2B9 million, of which 70 per cent will come from borrowings while the other
    286 words
  • Article
    US policy shift will help peace process: Solomon
    486 28  -  By Kenneth James A SENIOR United States official yesterday said the shift in the American stand on Indochina, far from being a setback to the search for peace in Cambodia, now placed the US in a position to help advance the peace
    486 words
  • Article
    Lock icon Reported Iraqi mobilisation pushes up oil prices
    231 28 Agencies OIL PRICES shot up yesterday on US reports that Iraq had moved troops near Kuwait's frontier threatening military action in what Western diplomats in the Gulf said might be a scare tactic ahead of Opec talks this week in Geneva. The Washington
    Agencies  -  231 words
  • Article
    GPC criticises American move
    224 28 THE GOVERNMENT Parliamentary Committee on Defence and Foreign Affairs yesterday criticised the US decision to de-recognise the Cambodian seat in the United Nations. GPC chairman S Chandra Das, speaking on behalf of the committee, said the US move "undermines Asean's diplomatic strategy and obstructs the various
    224 words
  • Article
    Idemitsu to set up M$2.7b Johor petrochem complex
    284 28 IDEMITSU Petrochemical Co of Japan plans to invest M 52.7 billion over the next IS years in an integrated petrochemical complex in Pasir Gudang, Johor. Upon completion of the plant, the company would be the largest producer of styrene monomer and plastic
    284 words
  • Article
    Lock icon Draft Taipei law to lift curbs on trade with China
    245 28 AFP THE TAIWANESE Justice Ministry is to propose removing restrictions on direct trade with and investment in China in a draft law governing relations across the Taiwan Strait. The draft included an alternative clause to permit citizens, companies or other
    AFP  -  245 words
  • Article
    China to re-launch market reform plan
    153 28 •SENIOR party and government officials in China have agreed to re-launch the reform programme before the seventh plenum of the Central Committee, due to be called in late summer to finalise the Eighth Five Year Plan, according to The South China Morning Post. China
    153 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      37 28 Baume Mercier GENEVE 1830 FOR SALE Office/Showroom/ Warehouse Building in Roseville/Chatswood District North Shore, Sydney Net lettable Area 6,046 sm (65,079 sf) 100 parking lots Securely leased to 2 strong Tenants Price A 57,250,000 FoLmore details, contact
      37 words
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      Page 28 Advertisements Column 2
      81 28 Opec clouded by Iraq-Kuwait dash, Pg 26 Located in Ofchard Outside the Restricted Zone Five minutes walking distance to Orchard MRT Distinctive Renaissance architecture 9e|SBk£H Separate office lobby W -V Special raised/access H&BI9 floors Possibility of twentyfour hours airconditionin9 S Generous car parking BPli IT facilities. Expected Oat* at Completion
      81 words
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      Page 28 Advertisements Column 3
      5 28 JIL Baume Mercier GENEVE 1830
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  • Shipping Times
    • Article
      Thai government urged to build land bridge
      234 29 THAILAND's 14 southern chambers of commerce have urged the government to quickly build a 180-km land bridge to connect the Andaman Sea and the Gulf of Thailand. This, they say, would help reduce the country's reliance on Singapore and Penang ports, and speed
      234 words
    • Article
      Sampoerna moves into transport business
      442 29  -  By Dexter Lee RIDING on the economic boom in Indonesia, the soon-to-be-listed Sampoerna group is diversifying aggressively into the transport business with a US$6O million budget to develop its own sea and air facilities. Sampoerna, one of the country's four largest makers of clove cigarettes
      442 words
    • Article
      China undecided on Chek Lap Kok airport project
      242 29 BEIJING recognises the need for Hongkong to have a new airport by the end of this century but is still not sure the Hongkong government has chosen the best location, a Chinese official said. "We fully understand that the existing airport will
      242 words
    • Article
      China-S Korea group to start ferry service
      134 29 A GROUP of Chinese and South Korean firms have agreed to set up a joint-ven-ture company to start a ferry service between the two countries across the Yellow Sea, beginning in late August. The firm, to be named Weidong Shipping Company Ltd, is
      134 words
    • Article
      TRW bids for Thai satellite launch
      282 29  -  By A J Leow A US aerospace company and supplier of communications satellites is bidding for the concession to launch a 16-transponder satellite for Thailand. With the bid, TRW becomes the third party to express interest in putting the planned Thai satellite into orbit.
      282 words
    • Article
      Freight Management to set up distribution centre
      279 29  -  By Rahita Elias LEADING Singapore freight forwarder Freight Management Services will set up its own central distribution centre (CDC) through a joint venture with either a Japanese or a European partner. Mrs Mary Lim-Ormiston, Freight Management general manager, said in an interview with
      279 words
    • Article
      Lock icon America to complain against EC's Airbus subsidies
      270 29 Reuter THE United States will file a complaint with the world trading body Gatt, charging the European Community with subsidising its aircraft maker Airbus Industrie, the US Trade Representative's Office said. Its decision follows a breakdown in lengthy negotiations to curb subsidies given
      Reuter  -  270 words
    • Article, Illustration
      Lock icon McDonnell vows to fix MD-11's problems
      307 29 Reuter McDonnell douglas Corp said it is working to reduce weight and make other improvements to its new MD-11 jetliner in response to flight-test data that shows the critically important aircraft burns too much fuel. Elayne Bendel, a spokeswoman for McDonnell's Douglas Aircraft Co
      Reuter  -  307 words
    • NEWS SUMMARY
      • Article, Illustration
        Going forward against the odds
        46 29 IN A male-dominated industry tike freight forwarding, women high up in the company hierarchy are hard to find. One lady who has suoceeded, Mrs Mary Lim-Ormiston (above), general manager of Freight Management Services, tells how she has made it Page 2
        46 words
      • Article
        Lines cancelling deals with Indian agents
        34 29 FOREIGN shipping lines operating at Indian ports are cancelling agreements with local agents and replacing them with their own subsidiaries, sparking deep unease among Indian shippers Back Page
        34 words
      • Article
        Panama registers 425 vessels
        26 29 THE Directorate of Maritime Affairs of Panama has announced the registration of 425 vessels from Jan 1 to July 16. Back Page
        26 words
    • LOG BOOK
      • Article
        Loan for expansion of Indian merchant fleet
        101 30 EXPANSION of the Indian merchant fleet is underway following a recent agreement signed by the Shipping Credit and Investment Company of India (SCICI) with a syndicate of international banks in Hongkong for a eurodollar loan of about $100 million. Twenty-four banks from Japan,
        101 words
      • Article
        Neil Cockett to direct course
        56 30 NEIL COCKETT, who recently resigned from Cockett Marine Oil, is once again directing the Oxford Bunker Course to be held between Oct 1 and Oct 5 in England. He has moved his main bunker operating office and consultancy services to Dover and can be contacted
        56 words
      • Article
        Wind-powered ship launched
        58 30 INDONESIA has launched an experimental 900 deadweighttonne wind-powered merchant ship. Built for the country's Agency for the Assessment of Technology at the PT Pal Dockyard in Surabaya, the ship was designed and built with West German cooperation. If the experiment is successful, a series of 2,000-dwt ships,
        58 words
      • Article
        Fire-gutted ferry put on sale
        55 30 THE Danish-owned Scandinavian Star ferry, on which 158 passengers and crew died in a blaze at sea in April, is up for sale. Managing director Ole Hansen of Copenhagen-based VR Shipping, owners of the ferry, said the 10,315-tonne vessel is on sale "for any sum
        55 words
      • Article
        Award against Amoco soon
        85 30 TWELVE YEARS after the world's worst maritime oil spill fouled a Northwest French coastline, a federal judge is expected to finalise a US$l6O-million award against the tanker's owner, Chicago-based Amoco Corp, lawyers for the French plaintiffs said. Judge Charles Noigle, of US district court in Chicago,
        85 words
      • Article
        Cheaper weekend airfares
        76 30 CONTINENTAL Airlines, a subsidiary of Continental Airlines Holdings Inc, said it is cutting fares by as much as 57 per cent for travel during the next three weekends. The sale fares range from US$39 to US$l29 each way. For example, the fare from Boston to Austin, Texas,
        76 words
      • Article
        Bangladesh carrier in collision
        33 30 THE Bangladeshi bulker Al Tafsir was reported damaged after being in collision with US tanker Liberty Belle at Kutubdia on July 4 during lighterage, said Lloyds Shipping Intelligence Service.
        33 words
    • Article, Illustration
      Going forward against the odds
      1161 30  -  In a male-dominated industry like freight forwarding, women high up in the company hierarchy are hard to find. One lady who has succeeded, Mrs Mary Lim-Ormiston, general manager of Freight Management Services, tells Kahita Elias how she has made it in this field. Rahita Elias
      1,161 words
    • Article
      Lock icon Where trains are headed
      475 30 NYT HIGH-SPEED passenger trains that ride on magnetic cushions are economically feasible in the next 10 or 20 years, but only on a relatively small scale, according to a new report by the Federal Railroad Administration. The magnetic levitation trains, which would travel about 480 km
      NYT  -  475 words
    • Article
      Lock icon WEEKLY FREIGHTS
      544 30 AFP TIGHTER supply of grain carriers in the important US Gulf loading zone was the firming influence on freight rates over the past week according to shipbrokers here. The Baltic International Freight Futures Exchange (Biffex)'s Baltic Freight Index (BFI) climbed 51 points on the week to 1,129 points,
      AFP  -  544 words
    • Article
      THE SHIPPING GUIDE
      11945 38 This is a list of ships loading at 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
      11,945 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        431 45 ImhI MyNe Bar* kM Dapartw Vaaaal \toy Na Bar* Arrival Oapartot m,mm Marry CMpta 10 K29 alongside 24 07/1700 Multan 7WH COS atonpate 2407/1800 Roamritt 7* K30 atongade 24.07/1830 ShengMi 5 K32 alongside 26.07/1500 fcenan Eap 02A09 P48 24.07/2330 26.07/1200 Makno 11/90 P2D 24.07/1900 25.07/0900 Raigad 0349
        431 words
      • Article
        CONTAINER SCHEDULE
        1158 45 RECEIVING OF EXPORT FCL CONTAINERS AMD LCL CARGO Z- Rocord Wb SNp Voy No Period From To From P «f DtaM Spaco fa Qasy IB 3 25/0700 25/1159 25/1400 4 25/1200 25/1459 25/1700 ia 5A 1 24/1500 24/1669 24/1900 Aka Bhum JOS 3 25/0700 25/1159 25/1400 4 25/1200
        1,158 words
      • Article
        IN MALAYSIAN PORTS
        344 45 Pft M—t South Pert on My 24: Fujihoshi berth 1; Stam Navee berth "Z Builder I berth 4; Metaka Jaya I berth 7A; Damai berth Jetty She*. KCT: Gulf Bridge berth 8; Sea Glory berth 9; Ever Going berth 10: Shang Cheng berth 10. Nvth Port: Yi
        344 words
    • Article
      DAILY FREIGHTS
      1083 45 CHARTERING was routine in the dry cargo freight market on Monday, with few fixtures reported in all sectors. The Baltic Freight Index rose a further nine points to 1,138, which was a carry-over from Friday's firmer grain fixing to Japan and the Continent from the US Gulf, brokers
      1,083 words
    • Article
      Lock icon Indian shippers losing foothold
      754 46 AFP FOREIGN shipping lines operating at Indian ports are cancelling agreements with local agents and replacing them with their own subsidiaries, sparking deep unease among Indian shippers and agents. Shippers in India are worried that foreign lines will use their foothold in India to undertake other
      AFP  -  754 words
    • Article
      Panama registry recovering losses
      293 46 THE Panama registry is beginning to recover from its losses in the first quarter of this year when the country's political crisis led to a flood of tonnage out of the register. The director general of the Panamanian registry, Dr Guillermo Marquez, said since March registrations
      293 words
    • Article
      Lock icon House votes to continues US food aid shipments
      282 46 Reuter THE US House of Representatives voted on Monday to continue a controversial programme requiring that 75 per cent of all food aid be shipped on American vessels and that part of the cargo be reserved for Great Lakes ports. The provision
      Reuter  -  282 words
    • Article
      Freight Network starts EDI network
      175 46 FREIGHT Network Ltd had launched what it says is the world's first electronic data interchange network designed for the international freight industry. According to Communications International, the network will run over public X.25 packet switched systems in the United Kingdom and internationally, as well as
      175 words
    • Article
      Lock icon Sharp drop in Nigerian port traffic
      100 46 AFP NIGERIA recorded a large decline in port activities in the first quarter of this year. Only 676 vessels, including crude oil tankers, berthed at the nation's 16 operating ports and terminals, accord-, ing to official maritime statistics. This figure contrasts witfc 891 ships
      AFP  -  100 words
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      83 30 It could be a controversial deal between two stock market stars, a thought-provoking report by university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of Business Times,
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      2037 31 JAR DINE SMIPPINC AGENCIES 200 Cwitonnwit (toad #12-OS Southpoint, Singapore 0208 \lllfr t«i *****11 telex no rs ***** ■vffmrnva terminal/cfs t«i *****11 220 rttftfifll BOOKINGS Tel *****34 235 L Xfffj A PESAKA JAROINE SMIPPINC AGENCIES SON. BNO PORT KELANG TEL: *****18 TELEX NO. MA*****/MA***** PENANG TEL *****4 TELEX NO MA*****
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      1269 31 INDEX TOfIDVERTISERS Pace Col P«P Col I 2 Madju Sdn Bhd 16 1/2 .MaerskLine 3 4/5 ABC Containerline 13 5 Mainfreight 15 4 Accord Shpg 8 1-3 «MISC 14 1-3 Adkris Business 16 3 M'sta Shpg Corp 9 1/2 Mendelssohn 5 1/2 Alfred CToepfer 5 5 Meng Horng Shpg 15
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      2225 31 vmmi Voy ETA I ETO 'Port 'P^aogl DESTINATIONS TM* MM Lara M 90M Cloaing Tlma Faadar by ii/ 7 (moo hrs y Farco mKM CTS 30fl 23M MRS M Tauro OAK LOB HOU MEM ATL MIA CHS BAL PML NYC MON TOU LARS M 9008 31/7 1/8 26/7 128/7 18/8
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      1034 32 ROTTERDAM/ VOY NO S'POBE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE CITY Of EDINBURGH 90/567 26/7 12/8 14/8 17/8 KURAMA 06/586 26/7 20/8 IVB 17/8 13/8 19/8 TOKIO EXPRESS 94/589 31/7 17/8 19/8 22/8 KATSURAGI 01/560 2/8 27/8 21/8 23/8 20/8 26/8 BENAVON 96/593 5/8 22/8 25/8 27/8 HAMBURG
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      465 32 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT IRINI 28/7 12/8 19/8 23/8 ALSO ACC£PTING CARGO VIA SUVA TO: IiuTOKA. PAGO PAGO. APIA i NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ' ANF VAP IRINI 28/7 4/9 6/9 8/9 Alto accepting Cargo to C*llm (Parti) via Valpa Agents: SINGAPORE; *****56 VS. JAVA:
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      Page 32 Advertisements Column 3
      1085 32 El imaw mmkw REGULAR INDEPENDENT FULL COffTAMER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL PEL ROT ANT HAM MC LNA (VIA (VIA (VIA ALtt ROT) NMD NORASIA MUBARAK 9022-3 03/08 24/08 26/ OS 29/08 31/01 03*09 02/01 04/09 Nil N-AL MANSOORAH 9023-3 10/08 3108 02/05 05/0S 07 09 100S
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      1801 33 BgSteamers Maritime Holdings Ltd WP&O I PTM STRAITS SHIPPINGI Containers Mj? SBtt SSL 8 Vo* No R Klaaf S port S'ton M'buff llwm R'dam Left SAILS CITY Of EMNBURG 90/517 -CAN'*7 2W 12* liW ISAM CA WJ KURAMA 06/5* ALA 22/7 25/07 2W* 14/W 16/01 13W IMB MERCURY PEARL VO7E
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      Page 33 Advertisements Column 2
      1658 33 TO: EUROPE TO: FAR EAST SP IN RDM HAM B MVN FIX SPOI»E HK KAO KOB BU CHOYANC PARK 009W 2*7 IS* It* 17* 1«* 20* CHOYANG SUCCESS OK W 11 3* W W HANJIN OAKLAND OWW 4* 22/1 23* 24* 77/1 HANJIN HAMBURG 001E i* 1» M M CHOYANC
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      Page 33 Advertisements Column 3
      375 33 STRAITS/ JAPAN/ STRAITS SHVICI SPECIALIST IN RO-RO HEAVY LIFTS VESSEL ASIAN AMBALIKA COSMIC CLIPPER PIONEER VOY NO. 125 57 7 Spore 21/7 21/7 10/1 P. Kelang 29/7 31/7 12/1 Penang 30/7 Hong Kong Yokohama 31/1 Nagoya 11/8 29/8 Osaka 17/» Senboku 27/t Kashima Hochiminh 'For Discharging Only MOTE: ALSO CALLING
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      619 34 1I I n DJASAQETRI A Join) turop* Swvkse Of: p.t. ujuuiTt um f.t. um um >.T. UMNO* HMKSM P.T. TMKMU LLOTD CR NBR 11U7I*****-0 EXPRESS SEMI-CONTAINEBSHIP SERVICE VSI/VOY SPORE R OAM; H'BURC BREMEN ANTWERP ADAM S. PANJANC/XWB 2*7-1/1 17/1 31 It M 7/1 KUTAI/2SWB 11-22,1 S|) W W MATARAM/27W8 22
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      Page 34 Advertisements Column 2
      747 34 6ft HANJIN SHIPPING FULL CONTAINER SERVICE I S pore I LeHavrt R dam H'bur B'haven Fitowe ¥S< SIN I LINE HAUL LAX OAK CHOYANG PARK MM 28/7 IVB 16It 17/8 I*B Kit CHOYANC SUCCESS DOK 38/7 H POHANC 181 24/8 26/8 HANJIN OAKLAND WW I 4/8 I 22/8 23/8 24/8
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      1507 34 d-Irl "I It GOING UF-fl* M/ 7 ffp. To 5S 71 TYO MYC LHV AM* ROB FIX Htc SGP I I GOING RE-DI Hp l» PI W 31 71 %/i U/f iy% w% jilt 719 1/9 11/9 im ma nil 7MM I GIFTED RE 032 IJ9 2/1 *9 7* 11*
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      1710 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE :*****022 DOCUMENTATION DEPT: *****44/ *****14 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA K.L-(03) *****33, P.Ketang-(03) *****87, Penang-(04) *****0, J.Bahru-(07)
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      Page 35 Advertisements Column 2
      1260 35 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) 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 1 vtssas vota« Iswb |mawla i momt I voTAct gout ruimc wutt
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      1413 36 /\v W Wmy m 1 AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CRNo: 1244******0*) v\ 3\S TEL: *****77 TELEX KAWAKIRS23I6S FAX *****79 \M J v I I V MALAYSIA: HARPER WIRA SON BHD BL m <*' M TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. **—«—w.—»-*—j
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      Page 36 Advertisements Column 2
      628 36 PHILI-ORIENT LINES PTE LTD (The Complete NVOCC Package) 5 AUG MONTREAL OTTAWA, TORONTO, VANCOUVER, S'WESTERN ONTARIO. n mi v nnnii CHARLESTON, CHICAGO, 27 JULY DUBAII. DAMMAN .KUWAIT,DOHA LONDON, THUNDER BAY, WINNIPEG, Jaiio SX£££k BAHRAIN, ABIJ DHABI, REGINA SASKATOON, 9 AUG SHARJAH CALGARY, EDMONTON, KELOWNA, KAMLOOPS, VERNON, PENTICTON 27 JULY COLOMBO,
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      381 36 GUAN GUAN SHIPPING VSiV\ (PTE) LTD V s64 mmmmictt HMBM—MUBMnM S"pom P. Mm| Pmmt GOLDEN VONOEI TSfO Mr GOLDEN HAVEN Catanbo/K*»cto/l>iMi «/M A* TTTf (Ml TWI MAN XIMJM« MOI M| CHANGOU Pw MfU Aa| GUSHAN Xamn/f uftM W«"I HOftGQI IB MNMN Vital HAI FENG Mjwupu/SmnfN. J4JIS > JIAN CHANC Pto*
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      1560 37 PACIFIC INTERNATIONAL LINES (PTE) LTD J MMM Pit Building. 140 Cecil Street KKHX). Singapore 0106. VFttFI VOV SIM JKT ""'sIN VESSEL VOV SIN BKK SIN OOWA 03SB 20/7 29/7 KOTA NAOA 12M 20/7 31/7 4/3 iSs 99/7 31/7 1/9 PEGASUS PROGRESS «27N 20/7 30/7 4/S DELTA MAS 1*53 20/7 30/7
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      Page 37 Advertisements Column 2
      1025 37 r BEN LINE CONTAINERS LTD 1 200 Cantonment Road Tel: *****22 #13-05 Southpoint m iLm Pax- *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO OK/COWTBiBIP^ VESSEL |VQY SPORE PKLANG SHAMPTONI HAMBURG BHAVEN ROAM L*HAVRE City of Edinburgh 90/587 26rt Via Can 12/8 15/8 17/8* Kurama- 06/586 25/7 20/8
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      Page 37 Advertisements Column 3
      61 37 ■^^^suhHAQS^^^i gwiwinn ww MBIT ll—.- FCL ft/7 LCL ft/7 HONG KONG 6/8 I I APIA (WESTERN SAMOA) 1/9 I PAGO PAGO (AMERICAN SAMOA) 3/9 I I PAPEETE (TAHITI) 8/9 I I RAROTONGA (COOK ISLANDS) 10/9 I I NUKUALOFA (TONGA) 13/9 I I SAVU SAVU (Fun 15/9 I AGENTS: I BEN
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      Page 37 Advertisements Column 4
      239 37 MYANMA «BBk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'por# P.K«lanf Pw MERGUI VIOOM M FT PAGAN VISM 27/29 Jilt HYOMAYWA VI2M 2* 1 MIC THE BANK LINE (Aewvteee#A»*ewWek«lHFf«we) SEMI-CONTAINER SCTVICf HEAVY LIFT CAPABILITY I I EXPRESS TO PAPUA NEW GUINEA I MORAYBANK VHS aJS?*(CALLING ALOTAU N
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      744 40 (■DSRHUNyiBA INTEGRATED CONTAINER SERVICE MCMKR Of EACON SERVICE FjjOjj FAR EAST TO NORTH CONTINENT 00T900NO I SIN I FLX MV ROM AWT HBC RST NM SEN WfBH In Pt 17/t IM W a/I 23/1 UUMMTIm IJI MH M M M PANAMA SEN WHO 7/1 IM 31/1 1/S 3fl 5/» T
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      Page 40 Advertisements Column 2
      1209 40 CRYSTAL FREIGHT < CFB > SERVICES PTE LTD y ,< TEL K4781»|*****a WE ARE MOVING We are pleased to inform you that with effect from 30 July 1990, our office will be located at: 76 Shenton Way #01-01, Ong Building, Singapore 0207 Tel: U47SSB (12 Lines) Fax: *****88 Telex: CFSIN
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      217 40 LOADING FPU LOADING FOR BUENOS AIRES vcstti spoik cao DM mioto «io m vit msua •osn«m i an mm- tw h/I a/» VJMU samma an m v* an mm VSL vn ww- oi» mm— m V.M4I DISCHARGING FM BRAZIL ONLY STOKfI MM. HR KU MJSAN TOK MO KM asAMNA mp
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      Page 40 Advertisements Column 4
      1205 40 r tea tB Sfe 4fr fa"l V CHINA OCEAN SHIPPING COMPANY 1 C FULL CONTAINER LINER SERVICE rttotß JSScoship" CR NO: *****P0000P FJU Ml General Agents: CORTAR HM4Q n* LID CMU- Cosrau* f J.- J j j I hs w 1 vtsstuvoY lax MT Ml mn w jraafiw ru not
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      552 41 IflV CALCUTTA DIRECT SIN CAL 3USAK 99 CNB 28/7 4/8 TIGER CREEK 100 CNB 1/8 8/8 I "A" VESSEL 101 CNB 10/8 17/8 TIQER CREEK 102 CNB 17/8 24/8 (Conventional Service) ETA S PORE LOADING FOR I BANCUR PROOOTI 27/7 S KOREA, JAPAN FAR EAST/MEDITERRANEAN SERVICE ETA S PORE LOAOMO
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      Page 41 Advertisements Column 2
      416 41 &3VRDI MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Uiwi) m FAX: *****15/*****03 P3 TELEX: RS ***** RISHIP (3 Lines) ETHIOPIAN mnm UNES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA kOAOtNO FOR SPORE ASSAY MONZ 29MS 23/01 DAfIESSALAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA. HOOEIOAH NETSANET 20WB
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      702 41 MASKAPAI PELAYARAN P&PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OFTKSRE, INDONESIA, MALAYSIA I THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS. 1 WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL *****55 ♦wQAßqw—iwxmwiA «mv»c» VSL VOY SIN JKT PAJ SIN PUL SENTOSA 47S
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      624 41 BANGKOK MANILA/CEBU vcaa [vor I memm. I wanm "1 |«ml 7 rfgai jcw }^ii(it^ ■AHA HUM# m Thur up St» 29/7 AKA MUM Z7/7 2/0 4* MEKHANIK KURAKO 19N Thur »/7 Syn 29/7 SO. ORIENT Hit l/l UA CNAIYA BMUOO# 07N Sun Of! M* jfi m 32S 10* 1M 1M
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      298 41 RMUMfIMHHHHHi TO AUSTRALIA/NEW ZEALAND mna W li mm m m c voouk 253~ I* wi uji a* y» Mmofa w" «i m ~m 5» m monras w M Si "55 *5 aS II DATS TO BfIUOUANKS TO USA/CANADA VSL [tl— i>iri In OH— JSCS |5S iwaa 5 W 15 uH
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      1164 42 A NUC-NELS SINGAPORE 1 eiput TEL m?« 2 I wmt TEL «IM«1 TEL (04) *****6 'TEL: (088) *****0 TAWAU TEL: (089) *****9' KELANG TEL: (03) *****77 IL UCH|NG I TEL: (082) *****3 SKAN TEL: (089) *****2 -fV-/\'Vl J- BAHRU TEL: (07) *****2 ||SIBU TEL: (084) *****2 LABUAN TEL: (087) *****91
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      Page 42 Advertisements Column 2
      505 42 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHAROINO AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHL RCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIT AUCK IYT PREMIER 07S 25 Jul 7 Auf Via NPI Ai«
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      Page 42 Advertisements Column 3
      798 42 /SSITHONG SOON LINES PTE. LTD. SLS 151 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH ma |wt leh Inn una |m en |«t KIM SOON LI 30/90E 4 AUG PENANG JENHOL
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      Page 42 Advertisements Column 4
      277 42 tf B a VSTWSV9&1 I Ji 111 < Iranian ama I TlniMn Loa*m tar.- R* MAN EKRAM IN PONT Imte AMw* I |MMUH«MN| IX WEST CMfT/HBOGI/CamUIL AMERICA COVTJUMS SRVRE HM If CMOIAM LCAMCNAS S.CMH wwim s RfIII 111 Alto to otlior Hoxicni dttimttorw of M il RwVQ LJrOOO, HonloiTv|f| MZJuMi
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      712 43 COMPANIA PERUANA OE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBUIK/FCL/SOC CARGOES TO/FROM CALLAO, MAT ARAN I, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Pwung* P. Ktlirrg Singapore KAMALEVERETT In Pt/26 Jul 27/2« Jul THOMASEVERETT 05/06 Aug 07/01 Aug SHAPLAEVERETT 17/19 Aug 20/21 Aug :WBV
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      Page 43 Advertisements Column 2
      602 43 ruu^oirnSlE^Rvicn«*tin^ciAcnr^ Wwt Cent. Carribbeaw.Eaet Canada. HAITI Guat—lala and Hondura* VSL |S PQRE IMAINLINER [LAX |KST [SAV WC Iwfx 2IM YOKOHAMA 30/7 ZIM PUSAN 25/1 3/9 »/9 W Mfl CARMEN CARINA 1/1 2MI CALIFORNIA 2/9 11,1 14/1 lt/9 llfl 2IM KOPER 12/1 2IM LIVOMNO 12/1 21fl ZIM VENE2IA 1M 2IM LIVOMNO
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      Page 43 Advertisements Column 3
      613 43 Msing kwang hang ■Win TMkMMMTTAXIOM (TTW) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 26/7 2S/7 JENWEt 29'7 3 M VESSEL S PORE BANGKOK A VESSEL 26/7 222 A VESSEL W 31/7 DESTINATIONS ETA »«OAPORE PORT KELANG MANILA JULY HONG KONG. ALL CHINA PORTS 27 JULY KEELUNG, KAOHSIUNG
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      485 43 WX PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE AND JAKARTA SURABAYA VESSEL VOY SPORE JKT B'BAYA TAN TO SEJATI 05 In Pt 28/7 PELOPOR 952 28/7 31/7 TANTO SEJATI 07 1/8 4/8 PELOPOR 953 4/8 7/8 TANTO UTAMA 91 In Pt 28/7 TANTO UTAMA 93 3/8 6/8 TANTO UTAMA
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      431 43 HI M W 29/7 KEELUNG/KAOHSIUNG 29/7 BANGKOK 28/7 MANILA/CEBU 28/7 JAKARTA BELAWAN/SURABAYA 27/7 PORT KELANG/PENANG/E. Malaysia 27/7 BUSAN 27/7 TOKYO/YOKO/KOBE/NGO/OSA 30/7 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai in yspui 28/7 LDN/FLX/LVP/SOU 28/7 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary /Roumania/Poland/Bulgana/Czech. SIM ffft/CAHAtft 30/7 LOS ANGELES/NEW YORK all
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      422 44 CB SHIPPING MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES I Monthly service accepting FCL, LCL and breakbulk cargo to and trow Lao, Port Moresby (P.N.Q.) and Townavllle (Australia). Also other ports subject to Inducement Next veessi "ANKE" VIBSB ETA S*pors 17-18/8/90. Also starting regular service for project cargo to and
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      Page 44 Advertisements Column 2
      427 44 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE K.V.U VI2CW9O IN PT 14/8/90 15/8/90 20/8/90 Y.M Vl2-90W 29/7/90 26/8/90 17/8/90 21/8/90 AN V 13-90W 16/8/90 11/9/90 1/9/90 6/9/90 MB V.13CW90 3/8/90 25/8/90 26/8/90 2/9/90 B.A V 14CW90 16/8/90 31/8/90 10/9/90 15/9/90 N C V 14-90W
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      Page 44 Advertisements Column 3
      331 44 WMADKRIS BUSINESS lr*m CORPORATION PHIUPPINE DIRECT REGULAR SERVICES TO MANILA BISLIG ACCEPTING CARGOS TO ALL PHILIPPINE PORTS ON INDUCEMENT. ALL HEAVY LIFT WELCOME. M.V. 'DAGOHOY' 08/90 30TH JULY MNL/BISLIG M.V.'DAGOHOY' 09/90 10TH AUG MNL/BISLIG TBN 23R0 AUG ILI6AN/BISLIG GENERAL ACT CALSOURCE SHIPPING TRADING PTE LTD. O ROBINSON RO. 005-01 AFRO
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      Page 44 Advertisements Column 4
      618 44 JBtF OcEnnSERUicE f LCL/FCL SERVICE TO/FROM Cf/i KL: allied-LINK SINGAPORE: 04-*****2 *****8955 778 5522(22 lines) FW. Marin* Ona Smm Mf/CMMM— CMm AHc* TmlMw V« FCL/LCL SERVICES i MANILA ETA VIGOUR PACTFIC 11NB 2/S VIGOUR PAOFIC IMB 1W HONGKONG 26/7 27/7 KEELUNG 29/7 S/S BANGKOK 27/7 3/5" BP SAN 26/7 5/8
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      424 45 TIDES AND WEATHER TODAY'S TIDCS (hagtit in metres) HOW am «10> «2M un MM MNI7M HM MO MM 11N12M1JH14N ISM ICNI7MIIMI9M 2M an 22M Z3H JR 11 13 3.1 2.6 2.0 11 0J 05 03 04 0.7 1.4 2.0 2.4 2.5 2.4 2.1 li 1.1 OJ OJ 19 11 10
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      Page 46 Advertisements Column 1
      423 46 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL -CW* SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG TBN 25/7/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWIN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 29/7 INDONESIA
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      Page 46 Advertisements Column 2
      679 46 MERCHANT MAWNE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI INNOVATOR 34E 20/07 02/00 2000 23/00 26/00 25/00 HYUNDAI PIONEER 32W 1106 21/06 24/06 12/07 1007 HYUNOAI EXPLORER 33E 0400 0000 2700
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      Page 46 Advertisements Column 3
      490 46 CHARTPOINTIj Every Saturday in Business Times v UK/CONTINENT (TRIO) CITY Of EOIMURCH Iff* 1 SP" H? 1 sJ}*" <»•. Stock*** ItotoMti rr&mss ss is ss s: 1 KATSURAtI TJt IHO 21* 2M JM 2W MEDITERRANEAN (MED CLUB)* JEDDAH |fcp»»r«l Pimm rot— Wm»m Stmt Trurti SI! KMT BLANC BARU 27/ M
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