The Business Times, 27 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 Friday July 27 1990 75*
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  • NEWS SUMMARY
    • Article
      Tokyo government to curb rise of defence outlays
      62 1 THE JAPANESE government yesterday agreed to restrict the increase of defence outlays to 5.84 per cent in the fiscal 1991 budget, the lowest targetted growth in 30 years. Tokyo officials said the agreement on the 243-billion-yen (US$l.62 billion) increase came when Finance
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    • Article
      Quality improving
      28 1 THE QUALITY of buildings in Singapore has improved, especially those built by the private sector, judging from the results of a quality assessment system Page 2
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    • Article
      New degree offered
      36 1 GROWING demand for professional industrial buyers has prompted the Singapore Institute of Purchasing and Supply to offer a masters degree course in Logistics Management, to be affiliated to an Australian University. Page 2
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    • Article
      Moderate growth
      23 1 INDONESIA'S economic growth is expected to be moderated to 6.S per cent this year, according to a Hongkongbased consultancy Page 8
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    • Article
      Biggest spender
      34 1 JAPAN has overtaken the US to become the world's biggest spender on new factories and industrial equipment, according to a new study on America's flagging performance in the global economy. Page 9
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    • Article
      Salad dreams
      21 1 SCIENTISTS are hoping to grow salads in space, under the sea as well as in your closet Page 17
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    • Article
      Awaiting green light
      38 1 THE PENANG state government is waiting anxiously for approval from the federal government to turn the Malaysia Airlines' new air-cargo complex at the Penang International Complex into a free trade area. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow Jones lower
      35 1 THE NEW YORK stock market declined broadly yesterday morning, beset by persistent worries about corporate profits. The Dow Jones Industrial Average dropped 11.39 points to 2,919.55 in the first hour of trading.
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    • Article
      Footsie lower
      38 1 LONDON share prices were lower at midday yesterday, depressed by poorer-than-expected profits from Imperial Chemical Industries pic. At 1100 GMT, the Financial Times-Stock Exchange 100Share Index was down 11 points, or 0.5 per cent, at 2,353.7.
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    • Article
      Two more new listings
      29 1 TWO MORE new listings are in the pipeline a stockbroking firm for the main board and a metal can-maker for the second market Page 3
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    • Article
      SNP profit up 32pc
      31 1 SINGAPORE National Printers has reported a 32 per cent increase in group after-tax profit to $1.65 million for the six months ended June 30, 1990 Page 3
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    • Article
      EYS raising funds
      19 1 PUBLICLY-LISTED Eu Yan Sang Holdings is raising $60 million through a dual currency NIF Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 813.93 -0.18 Kuala Lumpur ....627.01 -0.03 Hongkong 3,483.59 -36.95 Tokyo 31,369.75 -331.52 Sydney 1,590.8 +0.5 Wednesday Change New York J,930.94 8.42 London 2,364.7 3.8
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    • Article
      CURRENCIES
      22 1 iad—p rata* US$ S$ 1.8220 Yen S$ 1.2139 M$ SS0.6727 MMwy market rates Overnight 2 1/2% +1/2 3-montn 7 1/16% 1/16
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    • Article
      COMMODITIES
      33 1 LofidM Qiid PM fix US$368.75 -USS4.00 StanAug... 156.25«/lcg +0.50 Msia Aug M233.00 Vkg unch KLTta Turnover —tonnes Spot M$ 15.97/kg +0.02 CnA pain ofl Turnover 601 lots -167 Aug MJ657 /tonne +2
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  • Article
    Wing Tai to pay $60m for 3 US apparel firms
    441 1  -  By John Tan GARMENT group Wing Tai Holdings is seeking to gain a strong foothold in the important American market with its proposed acquisition of three US apparel wholesale and buying companies for $60.11 million. This latest move comes barely
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  • Article
    GenMag shares prove a hit
    389 1  -  Subscription rate likely to exceed 130 times By Abdul Hadhi DUE TO its attractive pricing and relatively small size, General Magnetics* share offer of 27.5 million shares at $1 each which closed yesterday is said have attracted more than $3.5 billion in application monies. This
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  • Article
    Lock icon West may ease China sanctions, says UK minister
    198 1 Reuter BRITISH Foreign Office Minister Francis Maude has said that the West may relax its sanctions against China but will not resume arms sales in the near future. Speaking in Beijing yesterday at the end of three days of talks with Chinese
    Reuter  -  198 words
  • Article
    Lock icon Premiers of two Koreas to hold first ever talks
    119 1 AP NORTH and South Korea signed a historic agreement yesterday calling for their prime ministers to meet for the first time as a step towards easing four decades of Cold War confrontation on the divided peninsula. The 19-point agreement calls for
    AP  -  119 words
  • Article
    US$60m Singapore country fund launched in US
    330 1  -  By Abdul Hadhi DAIWA SECURITIES and DBS group have launched a US$6O million Singapore country fund in the United States, with the proceeds to be invested mainly in Singapore equities. The US-incorporated Singapore Fund lnc, the first Singapore country fund, started trading on
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  • Article
    Kuok group beats rivals with $188m bid
    533 1  -  By Elaine Koh THE KUOK GROUP through Allgreen Properties has put in a bid of 188 million, the highest among five bids, for the Tanglin site put up for sale by the Singapore Tourist Promotion Board. Hotel Marco Polo, which had expressed keen
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  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
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    • Advertisement
      Page 1 Advertisements Column 2
      95 1 In the name of consumer rights, we need to encourage Horsing around. those who will speak up, Personal Finance Sin Tub. The man behind complain and name the Investment UOB Plaza and OCBC culprits. «Taking stock of Singapore Centre talks about why he's Shipbuilding Engineering coming out of retirement and
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      Page 1 Advertisements Column 3
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Sumitomo Chemical sets up subsidiary here
        71 2 SUMITOMO CHEMICAL Co of Japan, which has a 50 per cent share in the Singapore petrochemical complex, has formed a wholly-owned subsidiary here to sell materials and production machinery for mosquito coils to local manufacturers. The subsidiary, Life Tech (Asia) Pte Ltd, is capitalised
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      • Article
        Travel agents/hotels committee
        85 2 THE NATIONAL Association of Travel Agents Singapore and the Singapore Hotel Association have formed a Marketing Development Committee. Comprising four members each from both associations, the committee aims to study market reports and obtain feedback. It will also work out a viable plan with the Singapore Tourist
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      • Article
        VITB advisory committees
        77 2 THE SECOND BATCH of Training Institute Advisory Committees were opened by the Vocational and Industrial Training Board (VITB) chairman and Senior Minister of State for Education, Dr Tay Eng Soon yesterday. Speaking at the opening ceremony, Dr Tay said that comments on the undisciplined image of VITB
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      • Article
        Opening of computer club
        101 2 DR TAY ENG SOON was also on hand for the official opening of the computer club in the Tampines North cqmmunity centre. Speaking at the opening, he revealed that the Teleview system developed by Telecoms will be available to the public before the end of the
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      • Article
        Local hotels win awards
        91 2 TWO LOCAL HOTELS have been jointly awarded the honour of "Best Hotel in Southeast Asia for 1989-1990". The award was given to The Oriental, Singapore and Shangri-La Singapore by the editorial board of Prestige and Country Club Magazines based in California. Four other hotels won Special
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      • Article
        Food centre to be closed
        37 2 THE MARKET STREET Food Centre will be closed for repairs from July 30 to September 23 for general repairs and repainting works to be carried out by the Ministry of the Environment.
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    • Article, Illustration
      Lock icon Improvement in quality of local buildings
      283 2  -  By Schutz Lee THE QUALITY of buildings in Singapore has improved, especially those built by the private sector, judging from the results of a quality assessment system. The Construction Quality Assessment System (Conquas) found that for the first half of this year, the average
      Source: CIDB  -  283 words
    • Article, Illustration
      TNP's circulation ahead of target
      280 2  -  By Schutz Lee JUST two years old, The New Paper has become the nation's afternoon newspaper, with a wide range of stories to interest everyone. And circulation in the last two weeks has hit 65,000, a year earlier than the threeyear target. This was disclosed
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    • Article
      Masters degree in logistics management
      303 2  -  By J Anna Lee GROWING demand for professional industrial buyers has prompted the Singapore Institute of Purchasing and Supply (SIPS) to offer a masters degree course in Logistics Management, to be affiliated to an Australian University. The course will begin next year and its structure
      303 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      197 2 Enjoy the wide open spaces of Canada even before you reach Toronto. g ■r rf 'Mm ~'*M~ vJLM II w **Crr* >. v v v > v I Fly long-haul to Toronto or any one of 26 cities in you're as comfortable as possible. They're also set But tuck into
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Stockbroking firm and can-maker seek listing
      460 3  -  By Magdalene Ng TWO MORE new listings are in the pipeline a stockbroking firm for the main board and a metal can-maker for the second market. Sesdaq aspirant Superior Metal Printing (SMP) will be announcing its listing plans today while Kay Hian James Capel
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    • Article, Illustration
      Lock icon SPTI's group pre-tax profit falls by 17.8pc
      328 3 Bernama -SOUTH PACIFIC Textile Industries Bhd has reported a 17.8 per cent drop in its group pre-tax profit to MS 14.01 million for the year ended April 30, 1990, from M$ 17.05 million previously. Turnover, however, rose by 64.8 per cent to M
      Bernama  -  328 words
    • Article
      Lock icon Kamunting pre-tax profit up 40pc
      232 3 Bernama KAMUNTING Corporation Bhd has announced an audited group pre-tax profit of MS 15.41 million for the year ended March 31, 1990, up 40 per cent from MS 11 million the previous year, in spite of a marginal drop in group turnover from M 534.73
      Bernama  -  232 words
    • Article
      Lock icon Bedford decides to focus on resort hotels
      280 3 Bernama PROPERTY-BASED Bedford Bhd is concentrating on the resort hotel niche in its diversification into the hotel industry. Executive director Chut Nyak Isham Nyak Ariff said after Bedford's annual general meeting on Wednesday that there were still not many such hotels in the
      Bernama  -  280 words
    • Article
      Lock icon Decline in real estate investment hits property shares
      446 3 MARKET TALK Reuter A SHARP decline in investment in Singapore real estate this year has hit the share prices of property-related companies, analysts say. "The best is over. Even if we have any increase in value, it will be limited," said Merrill
      Reuter  -  446 words
    • Article
      SNP profit jumps 32pc, Hiap Moh's up marginally
      341 3  -  By William Chia SINGAPORE National Printers has reported a 32 per cent increase in group af-ter-tax profit to $1.65 million for the six months ended June 30, 1990. Group pre-tax profit rose 31.9 per cent to $2.47 million from $1.87 million previously.
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    • Article
      Race begins for 17th Annual Report Awards
      222 3 THE 17TH Annual Report Award (ARA) Competition which covers all the listed companies on the Stock Exchange of Singapore and Sesdaq was launched yesterday. Organised by the Institute of Certified Public Accountants of Singapore, the Institute of Management and the Stock Exchange of
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    • COMPANY BRIEFS
      • Article
        Hong Leong Credit to sell HL Leasing
        127 3 HONG LEONG Credit Bhd announced that it proposed to sell its wholly-owned subsidiary, Hong Leong Leasing Sdn Bhd (HLL), to Hong Leong Marketing Co Sdn Bhd (HLMK), a subsidiary of Hong Leong Industries Bhd (HLI). The transaction involves an exchange of shares in
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      • Article
        Hotel Props: no talks to sell hotel
        55 3 REPLYING to a query from the Stock Exchange of Singapore, Hotel Properties said yesterday that no negotaitions were currently being pursued on the sale of Hilton Hotel. It also said its board of directors has not taken any decision with respect to its
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      • Article
        M Credit not aware of bid
        47 3 MALAYAN CREDIT, in its reply to a similar query from the SES, said yesterday its board of directors has no knowledge of any takeover bid from Hotel Properties nor has it received any notice of takeover from HPL or its advisers.
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      • Article
        Inter-Pac's group exec director
        73 3 INTER-PACIFIC Industrial Group announced yesterday that Mr Thong Kok Khee has been appointed as group executive, director from July 1. Mr Thong was appointed to the board on May 25. He is currently managing director of M&A Investments Pte Ltd, an investment holding company based here
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      • Article
        Rashid Hussain pays 10pc deposit
        36 3 RASHID HUSSAIN BHD said it has paid a 10 per cent deposit amounting to M 522.37 million for its purchase of a* 20 per cent stake in Development Commercial Bank Bhd.
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      • Article
        Nestle interim results improve
        80 3 NESTLE (M) BHD, the food-based company, reported group after-tax profit of M 537.76 million for the half-year, ended June 30, 1990, as against M 536.76 million in the previous corresponding period. Turnover rose to M 5476.10* million (M 5459.28 million). Nestle expects group results for. the
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      122 3 i i This announcement appears as a matter of record only Vj I P. T. BANK INTERNASIONAL INDONESIA I (through its Cayman Islands Branch) H I U5523,000,000 I I FLOATING RATE CERTIFICATES OF DEPOSIT I Arranger Wardley Limited I H Lead Managers H I Arab Banking Corporation (8.5.C.), Singapore Branch
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  • Page 3 Miscellaneous
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Swilynn issues Teletech offer document
        100 4 HONGKONG video cassette manufacturer Swilynn International Holdings Ltd has issued an offer document for the remaining shares of Teletech International Holdings Ltd it does not already own. Swilynn and company chairman Ngan Ping Woon together hold 26.98 per cent of Teletech. Swilynn on July 11
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      • Article
        A-Pentax plans Philippine plant
        58 4 JAPANESE camera maker, Asahi-Pentax, plans to set up a 92.4 million peso (U553.96 million) plant to assemble cameras in the central Philippines, Trade Department spokesmen said. The plant, which will be 100 per cent Japanese-owned, will assemble various camera models such as its point-and-shoot autofocus compact
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      • Article
        Mitsubishi considers new plants
        70 4 MITSUBISHI Motor Corp said yesterday it was considering building new car assembly plants in Japan to boost domestic production capacity. But officials said it was undecided on details of the plan. Their remarks followed a report in the Nihon Keizai Shimbun that Mitsubishi Motor had decided
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      • Article
        Bond financing deadline expires
        126 4 A FINANCING deadline expired on Wednesday on Bond Corporation's offer to repurchase the US$5lO million in junk bonds of Bond Brewing Corp, and a group of bondholders with a majority of the issue said they would refuse to sell their bonds back to the company. The
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      • Article
        Japan in China hydro power study
        84 4 JAPAN'S Electric Power Development Co Ltd has agreed with the government's Japan International Cooperation Agency to conduct feasibility studies for building hydro-power generation facilities near Beijing, an Electric Power spokesman said. The contract runs through January 1991 prior to construction of a dam and
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      • Article
        Asahi Glass cuts projected profit
        62 4 ASAHI GLASS Co Ltd has revised its parent net profit forecast for calendar 1990 down to 45.2 billion yen from an earlier projected 47 billion yen, compared with 45.08 billion a year earlier. The revised profit outlook is due to rises in material and distribution
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    • Article
      Lock icon Tax evasion charges against broking firms
      133 4 Reuter TOKYO'S Regional Taxation Bureau is planning to charge more than 10 securities firms with tax invasion involving 16 billion yen (US$llO million). Japan's NHK public television said yesterday that the case involved the use of warrants, certificates that allow the holder to buy
      Reuter  -  133 words
    • Article
      Lock icon Armco Steel to invest US$1.35b over five years
      396 4 Asahi News Service ARMCO STEEL CO, a joint venture between Armco Inc of the US and Kawasaki Steel Corp of Japan, is planning to invest some 200 billion yen (US$l.35 billion) over the next five years to renovate steel-making facilities in the
      Asahi News Service  -  396 words
    • Article
      Thai firm to buy US PC board maker
      438 4 COMPUTER parts producer and exporter GSS Electronics (Thailand) Ltd is planning to step into the international manufacturing area by taking over US-based Array Technology Inc, which makes personal computer boards. The move, according to The Nation, will give GSS access to bigger
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    • Article
      Lock icon NZ's Carter Holt Harvey pledges to sell forestry assets
      326 4 Reuter CARTER Holt Harvey Ltd, in a bid to get Commerce Commission clearance for its proposed merger with Elders Resources NZFP Ltd, has told the commission it would undertake to sell the meiged company's forestry assets within one year, a commission
      Reuter  -  326 words
    • Article
      Lock icon MTRC wraps up HK$1.46b loan deal
      189 4 Reuter HONGKONG'S Mass Transit Railway Corp (MTRC) has announced the completion of an eight-year, HK$ 1.469 billion transferable loan certificate facility arranged by Paribas Asia Ltd. MTRC said in a statement yesterday that it increased its original facility from HK$l billion after international financial
      Reuter  -  189 words
    • Article, Illustration
      EIE to sell Bond Tower for HK$3.5b
      444 4 EIE Development International Ltd (EIE), owner of the Bond Centre, is selling the centre's East Tower to raise HK$3.5 billion and reduce heavy debts, The South China Morning Post has reported. The sale comes only six months after the Japanesecontrolled company put a
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      194 4 Take your First Bite with our Apple Cheque at Singapore's First Apple Centre As Apple Centr- Tech Biz Systems Pte Ltd, we are here with Apple's seal of approval! In addition we have Apple-trained staff and training facilities to provide you better support, service and consultation than any other Apple
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      Page 4 Advertisements Column 2
      15 4 1. ii/ VL JLr X JL IV/i T y CHARTPOINT Every Saturday in Business Times
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      158 5 -"2 4 m P i> ftl < Apple. m. Apple Singapore Now is a plum time for Apples. We're giving away an Apple Cheque worth $1000 on any of the Apple Macintosh II family of systems*, Apple LaserWriter NT or NTX laser printer and 1500 on any Macintosh SE or
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Digital reports first quarterly loss
        93 6 FEELING THE EFFECTS of a changing computer industry, Digital Equipment Corp on Wednesday reported the first quarterly loss in its 25-year history as a public company and declared a US$4OO-million charge for retraining staff, closing operations and reducing total employment by 5,000 to 6,000. Analysts
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      • Article
        Motorola sees sales growth
        93 6 MOTOROLA INC expects 3 per cent to 4 per cent sales growth for the semiconductor industry in the second half of 1990, said James Norling, president of the company's semiconductor sector. He said bookings in the second half are likely to exceed the first half by
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      • Article
        Anglo American profits up
        62 6 THE GIANT Anglo American Corporation has announced a 10.2 per cent increase in profits from its deep mining operations at Western Deep Levels gold mine some 60 km southwest of Johannesburg. Taxed profit was up from 81.2 million rands (US$3O.7 million) in the first quarter of
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      • Article
        Perrier's US sales bounce back
        59 6 PERRIER SA has regained 70 per cent to 75 per cent of its US,' market share since it reintroduced its bottled water there following February's benzene scare. Chairman Jacques Vincent said: "We're currently back up to 70 to 75 per cent. And we should reach
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      • Article
        Resorts holders approve revamp
        49 6 RESORTS INTERNATIONAL Intfs bondholders have approved a reorganisation plan that will give them 78 per cent Of the hotel and casino company, leaving entertainer Merv <Jriffin with the rest. The reorganisation is part of the dasino company's plan to emerge from Chapter 11 (voluntary) bankruptcy.
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    • Article
      Lock icon Merck and Du Pont in drug company venture
      407 6 Reuter MERCK &CO and EI Du Pont de Nemours Co have announced a 50-50 joint venture to create an independent drug company with US$7OO million in estimated sales. The venture will combine Du Pont's pharmaceutical operations with Merck management and research. Merck
      Reuter  -  407 words
    • Article, Illustration
      Lock icon Retail giant may give up option on remaining 20pc of Adidas
      326 6 AFP WEST GERMAN retail giant Metro is considering abandoning its option on a 20 per cent stake in sports goods concern Adidas, 80 per cent of which has recently been bought by Bernard Tapie of France. Metro had agreed
      AFP  -  326 words
    • Article
      Lock icon Prosecution sums up Guinness case
      108 6 Reuter THE prosecution began final arguments on Wednesday in the trial of four British businessmen accused of an illegal share support scheme to help Anglo-Irish brewer Guinness pic win a £2.7 billion takeover battle in 1986. Prosecutor John Chadwick told a London court more than
      Reuter  -  108 words
    • Article
      Lock icon Mergers between EC, non-EC firms declining
      412 6 Reuter MOST CORPORATE tieups in the European Community (EC) continue to take place at national levels, but cross-border links are increasing within the bloc while those involving non-EC firms are waning, according to an EC study. In its annual report on EC competition policy,
      Reuter  -  412 words
    • Article
      Lock icon BTR buys North American firms for C$130m
      287 6 AFP BRITISH industrial conglomerate BTR has agreed to acquire two North American paper finishing product concerns from Ivaco Inc of Canada for around Csl3o million in cash. The two companies, Niagara Lockport Industries Quebec Inc and Niagara Lockport Industries Inc, have five manufacturing
      AFP  -  287 words
    • Article
      Lock icon Boone claims it can prove Toyota-Koito links
      287 6 Reuter BOONE CO says it has papers showing that US and Japanese representatives of Toyota Motor Corp and Koito Manufacturing Co met in Washington at least twice last May to develop a strategy to deny Dallas investor T Boone Pickens representation on Koito's
      Reuter  -  287 words
    • Article
      Lock icon EC challenges Toyota's UK plan
      246 6 AFP THE European Commission has challenged the terms under which Toyota plans to set up a factory in Britain, asking the British government to explain why it sold the land for the plant at a low price. The Commission is empowered to ask that the
      AFP  -  246 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      71 6 INTRODUCTORY OFFER 40% OFF FULL RANGE MENSWEAR PLUS SPECIAL OFFER FOR JULY 1990 i 60% OFF ON ALL MISSONI TRAVEL WEAR KNITWEARS BLAZERS RAINCOATS OVERCOATS TROUSERS JACKETS EXCLUSIVELY AVAILABLE AT 03-18 DELFI ORCHARD 402 ORCHARD ROAD TEL: *****82 OEPNING HOURS II AM TO 8 PM. Victorian Modern European Paintings IMMf
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      Page 6 Advertisements Column 2
      81 6 Personal touch. Gracioiis living. Smiling, friendly faces await you at Liang Court Regency. Elegant apartments with residential touches. it Superb amenities for recreation, entertainment, dining out and shopping a your doorstep. A choice location near exciting Orchard Road and the central business district. And most of all, that warm family
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  • FINANCIAL NEWS
    • Article
      Eu Yan Sang to raise $60 million through NIF
      308 7  -  By Quak Hiang Whai PUBLICLY-LISTED Eu Yan Sang Holdings, which was recently acquired by the Lum Chang group, yesterday signed an agreement with a group of banks to raise $60 million through a note issuance facility (NIF). A joint statement from
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    • Article
      Lock icon Commerzbank sees pact with Lyonnais, Roma firming up
      464 7 Reuter TALKS between West Germany's Commerzbank AG, France's Credit Lyonnais and Italy's Banco di Roma Spa could reach a successful conclusion before the end of this year, Commerzbank said. "I trust I'll be able to tell you about intensified cooperation with Credit
      Reuter  -  464 words
    • Article, Illustration
      Lock icon Allow US banks to venture into insurance, securities: Brady
      292 7 AP THE SAVINGS and loan crisis should not deter Congress from permitting commercial banks to venture into the insurance and securities industries, US Treasury Secretary Nicholas Brady said Wednesday. Mr Brady also warned that US banks will find it difficult to
      AP  -  292 words
    • Article
      3 Thai banks among world's top 500
      256 7 NINE commercial banks and one development bank in Thailand ranked in the list of the World's Top 1,000 banks as compiled by the Londonbased magazine The Banker. Bangkok Bank, Thai Farmers Bank and Siam Commercial Bank found places among the 500 largest, according
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    • SMALL CHANGE
      • Article
        Foreigners shun US stocks, securities
        103 7 FOREIGN investors shunned American stocks and Treasury securities in the first quarter of 1990, leaving the domestic markets with a net outflow of foreign investment in stocks and bonds for the first time since 1983. Foreigners sold US$3.3 billion more in stocks than they bought,
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      • Article
        E Germany gets 23b D-marks
        68 7 THE GERMAN central bank has pumped 23 billion Deutschemarks (US$l3.5 billion) worth of cash into the East German banking system for German monetary union, a bank spokesman said on Wednesday. This is close to the total 25 billion D-marks set aside by the Bundesbank to
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      • Article
        Profits down at Credit Suisse
        117 7 PROFITS of C S Holding's Credit Suisse were lower in first half 1990 than in the same 1989 period despite a good second quarter, a spokesman said. "The first quarter was very bad and we said at the time that we wouldn't reach the previous
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      • Article
        SEC approves trading limits
        70 7 THE SECURITIES and Exchange Commission approved new trading restrictions when the stock market rises or fails SO points from the previous day's close. The proposals, submitted by the New York Stock Exchange, impose conditions on index arbitrage orders or transactions in NYSE baskets of stocks when
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      187 7 t THE CHEFS A T NUTMEGS have taken to cooking and combines it in the most surprising ways, ''"jm f r examining their ingredients in a rather unusual way. Using only light, fresh ingredients prepared MI FOOD m f Conventional ideas and recipes have been thrown without fuss, these unusual
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  • Page 7 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Australia, NZ criticise Fiji's new constitution
        86 8 AUSTRALIA and New Zealand criticised Fiji's new constitution yesterday, saying it discriminates on racial grounds and entrenches communal divisions. The constitution was promulgated on Wednesday by Fijian President Ratu Sir Penaia Ganilau. It guarantees indigenous Melanesians a majority in both houses of a new
        86 words
      • Article
        Fee for immigrants to NZ
        81 8 IMMIGRANTS TO New Zealand will in future have to pay a fee, Immigration Minister Annette King said yesterday. The fee would be "less than NZ$l,OOO New Zealand", a spokeswoman for Mrs King said, adding that refugees and those arriving under humanitarian and family reunification categories
        81 words
      • Article
        Imelda's offer turned down
        103 8 PRESIDENT Corazon Aquino will not agree to release funds frozen by US courts so that former First lady Imelda Marcos can donate money to earthquake relief, Press Secretary Tomas Gomez said yesterday. On Wednesday, a lawyer for Mrs Marcos said the former first lady has offered
        103 words
      • Article
        No plans yet for diplomatic ties
        61 8 BRUNEI has no immediate plans to follow Indonesia and Singapore in establishing diplomatic relations with China, Brunei Foreign Minister Prince Mohamad Bolkiah said on Wednesday. Prince Mohamad, in Jakarta for the annual ministerial session of the Association of South-east Asian Nations, said there were
        61 words
      • Article
        Value of HK's domestic exports
        63 8 THE VALUE OF Hongkong's domestic exports showed a slight decrease in June over last year, while the value of re-exports continued to rise significantly, the government said on Wednesday. The value of locally made goods shipped overseas in June was HKS 18,845 million, or 0.6
        63 words
      • Article
        Laos gets US$5.3m loan
        69 8 LAOS RECEIVED a US$5.3 million loan on Wednesday for a development project aimed at persuading opium poppy growers to produce food instead of heroin. The plan, financed by the International Fund for Agricultural Development, the United Nations Development Programme and the UN Fund for Drug Control,
        69 words
    • Article
      Indonesia's economic growth likely to be 6.5pc
      302 8  -  By Martin Soong INDONESIA'S economic growth is expected to be moderated to 6.5 per cent this year, according to a Hongkong-based economic risk consultancy. In its quarterly report on Indonesia, Political and Economic Risk Consultancy expects slower growth in oil exports due to
      302 words
    • Article
      Lock icon Johor SEDC chalks up M$44m in assets
      229 8 Bernama ASSETS of the Johor State Economic Development Corp went up by Ms 44 million during the first quarter of 1990 to a total of M 51.17 billion by the end of March. The total was M 51.126 billion by December last year.
      Bernama  -  229 words
    • Article
      Scrapping travel tax for Thai citizens
      208 8 THAI Finance Ministry spokesman Supachai Pisitvanich said the Revenue Department would stop collecting travel tax of 1,000 baht a person from Thais as of next month, The Bangkok Post reported. The move is intended to demonstrate cooperation with Thailand's neighbours and promote tourism in
      208 words
    • Article
      Textile regulations may be revised
      120 8 THE Thai Commerce Ministry is considering a revision of its textile export quota regulations to avoid further allegations of corruption against its officials. According to The Bangkok Post, the move follows last week's no-confidence debate during which the opposition claimed that ministry officials had accepted
      120 words
    • Article
      Lock icon Vietnam's rice output affecting Thailand
      130 8 AFP INCREASED competition for the rice export market from Vietnam has cut into Thailand's market share, the US Department of Agriculture (USDA) said on Wednesday. The department said that Vietnam was exporting at prices "substantially below" those offered by Thailand, which has tried to hit
      AFP  -  130 words
    • Article
      Lock icon Japanese ban on aid to Burma still stands: diplomat
      226 8 AFP JAPAN'S 3.5 billion yen (US$22.B million) debt relief grant to Burma this week should not be seen as a lifting of Tokyo's aid embargo, a Japanese diplomat said on Wednesday. "Japan's overall policy regarding economic assistance to Burma remains unchanged
      AFP  -  226 words
    • Article
      KL consumers upbeat about economy
      382 8 MALAYSIAN consumers are showing greater confidence in the economy. According to a survey, more expect their finances to keep improving and are planning to spend more on news cars, hi-fis, TVs and home renovation. In its quarterly Index of Consumer Sentiments (ICS) survey for April-June,
      382 words
    • Article
      Thais plan zoning of fertile agricultural land
      120 8 THE THAI Agriculture Ministry is planning to set up special agricultural protection zones to prevent fertile land from being turned into resorts and industrial estates, which is forcing farmers to penetrate into reserved forest areas, The Nation reported. In a lecture on agricultural
      120 words
    • Article, Illustration
      Manila to seek debt relief while recovering from quake
      307 8 PRESIDENT Corazon Aquino plans to ask creditor nations to ease debt repayment terms and will seek new funds for reconstruction needed after a major earthquake hit the Philippines last week, Finance Secretary Jesus Estanislao said on Wednesday night. "She is going
      307 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      76 8 ■WANT TORSION IB Af BM Introducing adidas Torsion. V The first golf shoe that moves y> j the way your foot moves With v*"*- adjustable asymmetrical Av spike positioning designed tor different needs, maximum *WpT << comfort and improved stabili- <"' Nov ty. So if you want to better your
      76 words
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      Page 8 Advertisements Column 2
      83 8 UNIT OF radial'' 1 INSERTION MACHINE Model: Pansert NM 214 X. Power source: AC 100 V. 50/60 Hz. Air supply 5 kg/cm 3. B) 1 UNIT AXIAL AUTO INSERTION MACHINE Model: Pansert AA NM 2051. Power source: AC 100 V, 50/60 Hz. Air supply skg/cm3, Variable pitch: 5 mm and
      83 words
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  • THE WORLD
    • Article
      Lock icon Japan overtakes US as world's top investor
      424 9 Reuter JAPAN has overtaken the US to become the world's biggest spender on new factories and industrial equipment, according to a new study on America's flagging performance in the global economy. Despite an economy less than half the size of that of its
      Reuter  -  424 words
    • Article, Illustration
      Lock icon Iraq gets its way as Kuwait, UAE agree to cut oil output
      311 9 NYT IRAQ appeared to have won a political victory on Wednesday, forcing Kuwait and the United Arab Emirates to reduce oil production and pushing the Organisation of Petroleum Exporting Counties to raise oil prices. The Iraqis' apparent success
      NYT; AFP picture  -  311 words
    • Article
      Lock icon Taiwan minister asks traders to go slow on China
      230 9 AFP TAIWAN Economics Minister Vincent Siew has asked local businessmen to slow trade with and investment in China after Saudi Arabia switched diplomatic recognition from Taipei to Beijing. Beijing had shown "obvious unfriendliness" towards Taiwan in wooing away Saudi Arabia, a
      AFP  -  230 words
    • Article
      Lock icon Work on proposals to cut US deficit
      132 9 NYT WHITE HOUSE and congressional negotiators worked separately to prepare deficitcutting proposals on Wednesday amid growing pessimism among Democrats that an agreement on next year's federal budget could be reached any time soon. The negotiators are aiming for a combination of spending cuts
      NYT  -  132 words
    • Article
      Lock icon Banker warns of global capital shortage
      270 9 Reuter RADICAL political and economic reforms in Eastern Europe could cause a global shortage of the investment capital needed to satisfy growing demands for economic prosperity and development, said Citicorp chairman and chief executive officer John Reed. The fall of the Berlin Wall and
      Reuter  -  270 words
    • WORLD WATCH
      • Article
        More E German aid approved
        70 9 A "TIDAL WAVE" of East German loan requests has led to the European Commission announcing approval for a fivefold increase in subsidies from West to East Germany. The aid would reach six billion marks (US$3.5 million) this year, the Commission said in Brussels on Wednesday.
        70 words
      • Article
        No progress in EC-Efta talks
        66 9 THE EUROPEAN COMMUNITY and the European Free Trade Association ended two days of talks in Brussels on Wednesday with officials reporting no progress towards a merger of the two European trade blocs. Efta members want to benefit from the removal of barriers to the free
        66 words
      • Article
        Moscow pledges repayment
        67 9 THE SOVIET UNION, seeking to restore its dented reputation as a reliable trading partner, said on Wednesday that it is using a West German loan to repay unpaid import bills from foreign companies. A senior Soviet banking official in Moscow said more than half the West German
        67 words
      • Article
        China anxious to rejoin Gatt
        68 9 CHINA'S chief trade negotiator has said that Beijing is anxious to rejoin the world trade body Gatt but did not know when it might be readmitted. "We are very anxious to resume our Gatt status as early as possible, but this cannot be decided by
        68 words
  • Page 9 Advertisements
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  • Article
    China on the move again
    467 10 EDITORIAL CHINA is bouncing back onto the international arena. Close on the heels of its success in getting Indonesia to normalise their relations, Beijing made a diplomatic breakthrough in Saudi Arabia last week. After the Tiananmen massacre last year, China had gone on the defensive.
    467 words
  • WHAT THE OTHERS SAY
    • Article
      Go ahead with new ideas
      271 10 UNDERLYING the weekend car scheme is the logic that drives much of the government's land transport policy: those who use the roads less often should pay less. The scheme makes sense for that reason. It also makes sense to put more cars on roads that
      271 words
    • Article
      Sense of mission
      114 10 UNDOUBTEDLY, the civil service remains as important as ever to Singapore's progress. So it must continue to attract the best talents. But the private sector is also wooing these people by offering attractive pay and benefits. How can the civil service meet the challenge? Matching the private
      114 words
    • Article
      Town councils: time to act
      108 10 TOWN councils are still new and have yet to prove their effectiveness in running Housing and Development Board estates. Some people are even complaining that they are not doing a better job than the HDB in cleaning up the estates. So far, each town council
      108 words
  • REGIONAL VIEWPOINTS
    • Article
      Long way to go
      175 10 INTERNAL pressures are fuelling the current frenzy of activity over reunification on both sides of the (Korean) border. The collapse of hard-line communism around the world since last summer has left North Korea very short of allies and aid, so domestic distractions are needed. In the
      175 words
    • Article
      A welcome move
      130 10 THAI military and politics have seemed inseparable since a group of young, overseas-educated army officers successfully engineered that fateful coup more than half a century ago which transformed the country from an absolute monarchy to the current system of constitutional monarchy. But the military's roles in politics
      130 words
    • Article
      Going round in circles
      198 10 WITH the latest major shift in US policy which implies Washington's readiness to open a dialogue with the Hun Sen regime, there is no reason for Phnom Penh to accept its own dismantlement. We also have our doubts as to whether the Khmer Rouge, even if
      198 words
  • Article, Illustration
    The worst are full of passionate intensity
    1086 10  -  Africa: the land of many problems. Some regimes cannot make their economies work. Others are faced with rebels. Then there are those one-party states which have been gently but firmly told by Western aid donors that no democracy equals no funds. Neville Stack
    1,086 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      146 10 This announcement appears as a matter of record only BANK PEMBANGUNAN INDONESIA BAPIIMDO U5585,000,000 REVOLVING CREDIT FACILITY AND GUARANTEE FACILITY Revolving Credit Facility Guarantee Facility Lead Managers Lead Manager The Tokai Bank, Limited Banque Indosuez Singapore Branch Singapore Branch The Chuo Trust Banking Co., Ltd. Manager I^ a a J?h
      146 words
  • Page 10 Miscellaneous
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  • ANALYSIS
    • Article
      Lock icon End of Cold War giving Castro the shivers
      1122 11  -  Cuba has suffered two heavy blows this year abruptly severed ties with Eastern Europe and news that the Soviet Union will be stopping its large economic subsidies. Howard French looks at how the Cubans are preparing for harder times Howard French NYT
      NYT  -  1,122 words
    • Article, Illustration
      In the hands of the Asia-Pacific
      1323 11  -  With a reluctant US leaving a vacuum, and Europe preoccupied internally, the emerging economies of the Western-Pacinc will be expected to assume the leadership in trade liberalisation talks alongside the US. Harish Mehta reports Harish Mehta THE outreach of the Asia-Pacific as a star
      1,323 words
    • Article, Illustration
      The Great Australian Debt Debate
      506 11  -  Professor Ross Garnaut, an Australian economist, talks to Harish Mehta about his country's unusual debt situation Harish Mehta NOTHING could be a bigger reminder of Australia's massive debt than the spectacular Sydney Harbour Bridge, also known as the "the old coat-hanger", which was built with
      506 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      38 11 B Level a Orchard Point Exhibition Hall 160 Orchard Road, Singapore 092 a Figures by Ren Boraan (119 x 54 5 cm) |C*graphy by Wang Yitng| Jointly presented by: SHANGHAI FRIENDSHIP STORE SIN HUA GALLERY j.mill' V»«» 10*
      38 words
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  • FOCUS
    • Article, Illustration
      Lock icon Oman poised to sweep own streets
      806 12  -  To all appearances, oil-rich Oman is a copybook example of a managed economy providing prosperity and civic pride. But beneatn its polished surface are anxieties about what must be done before the oil runs dry, reports Victor Mallet. Victor Mallet FT THE Anglophile Sultan
      FT  -  806 words
    • Article, Illustration
      Lock icon Saudis prepare a return to oil power
      1067 12  -  Saudi Arabia, location of a quarter of the world's proven oil reserves, is preparing itself for the moment when it regains its role as the unchallenged dnving force in the international energy market. Andrew Gowers examines the country's reawakening. Andrew Gowers FT KING
      FT  -  1,067 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      161 12 I MH BBMH HH A B H H H In the 45 years since World War 11, Japanese has gone from being a threatened language to a huge industry in its own right. H And today, it seems that just about everyone is learning it. How important is Japanese to
      161 words
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  • Page 13 Advertisements
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      174 13 <S^^^% J Wiu s*L SSs ■(■^■■I^HIBH GRES DE NULES S.A. CClcbtStC CZEQjT KE R M^MN, S.A. Jm Since their inception well over two decades ago, Sharikat National, one of r— fiWrak j|§L Singapore's largest suppliers of building material finishes is a significant contributor f dfflP to numerous prestigious building projects
      174 words
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  • SPORTS 1
    • Article, Illustration
      Lock icon Gilbert crashes out in Toronto
      370 14 AP SECOND SEED Brad Gilbert was upset by fellow American Todd Witsken in an intense match, while the top seed, American Andre Agassi, needed three sets to beat Michael Stich of West Germany at the Player's International tournament in Toronto on Wednesday. The unseeded Witsken,
      AP  -  370 words
    • Article
      Lock icon West Germany and Italy out of Federation Cup
      265 14 AFP WEST GERMANY and Italy crashed out of the Federation Cup in Norcross, Georgia, Wednesday while the other top seeds advanced to the quarter-finals. The eighth-seeded West Germans, playing without world No. 1 StefT Graf, lost in the closest tie so far
      AFP  -  265 words
    • Article, Illustration
      Lock icon Sentimental return to Buick Open for Payne Stewart
      357 14 AP PAYNE STEWARTs acupuncture pins are gone. So are his earrings. They've been replaced by colourful knickers in NFL hues. But a trip back to Warwick Hills Country Club in Grand Blanc, Michigan, still reminds Stewart of the wild and crazy guy
      AP  -  357 words
    • Article
      Lock icon Julie Krone makes fairy-tale comeback from injuries
      319 14 AP BREAKING her left arm in four places and being sidelined for eight months has not changed Julie Krone on the racetrack. When the world's best female jockey rides, she wins. Krone returned to thoroughbred racing in storybook fashion in New Jersey on
      AP  -  319 words
    • Article, Illustration
      Lock icon Lewis extends winning streak
      576 15 AP CARL LEWIS showed he is still king of the long jumpers on Wednesday, extending his nine-year winning streak to 64 at the Goodwill Games in Seattle. Jumping in cool, damp conditions and against a field that included three 8.5 m jumpers, Lewis won with a
      AP  -  576 words
    • Article, Illustration
      Lock icon Cram sees uphill fitness battle ahead
      301 15 AFP WORLD mile record holder Steve Cram has admitted that he faces a tough battle to be fit for the European athletics championships next month when he will defend the men's 1,500 m title. The British star has not run in a major competition
      AFP  -  301 words
    • Article, Illustration
      Lock icon Tyson set to face top 10 contender in September
      316 15 Reuter BRIMMING with confidence, former heavyweight champion Mike Tyson formally announced a Sep 22 bout with top-10 contender Alex Stewart on Wednesday as his second step to regain the world heavyweight title that he lost last February. "I'm not worried when
      Reuter  -  316 words
    • SIDE LINES
      • Article
        Ryan fails in bid to equal pitchers' record
        128 15 NOLAN RYAN, the 43-year-old Texan who has more strikeouts and no-hitters than any other baseball pitcher in the US, failed on Wednesday in his first attempt to join an elite group of pitchers with 300 or more career victories. Ryan was unable
        128 words
      • Article
        Voodoo brings mixed results
        76 15 THE BOSTON RED SOX team has erected a voodoo shrine in its clubhouse this week, hoping to exorcise whatever evil spirits may lurk in its dormant baseball bats. The ritual, featuring candles, a No. 13 jersey and a black cat worked to a certain degree. The
        76 words
      • Article
        US coach helping Johnson
        65 15 THE FORMER COACH of 1989 US women's sprint sensation Dawn Sowell has begun helping Canadian sprinter Ben Johnson prepare to return to competition. Loren Seagrave, a former coach at Louisiana State University, is working regularly with the former world record holder in Toronto. Johnson's two-year suspension
        65 words
      • Article
        PGA advertisers pull out
        88 15 TWO MORE CORPORATE GIANTS, Toyota and Anheu-ser-Busch, have announced that they are withdrawing their advertisements from telecasts of the US PGA championship because of racial overtones. The all-white Shoal Creek Country Club in Alabama is playing host to this year's championship from Aug 9 to 13.
        88 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      691 14 THE VALUES OF OUR INTERNATIONAL CLUB MEMBERSHIP. MAKE YOU AND YOUR FAMILY WORTH UP TO $1,000,000 SIMPLY BY JOINING You probably already have a card or two to your con- rv L siderations. But you're far-sighted enough j LslttCKS K^lllU after your most important responsibility IfXlCinijCUlOTlCll to further than Because
      691 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      211 15 P/nlseeker, 9 mnmmm Go# Out Compmr g I I f •f? QyO *5 s -c I <tf f i -c f of m I Of f o I 4 f «9 f it Legally speaking, you may never be able to control which way the stock market moves. But at
      211 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      204 16 WHERE TO WINE, PINE AND ENTERTAIN... WHERE TO WINE, PINE AND ENTERTAIN... WHERE TO WINE, PINE... Seme of our best advertising isby wordofmouth. For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext *****/6. RMM
      204 words
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      Page 16 Advertisements Column 2
      346 16 DELICIOZO HYATT Mama Mia! Pete's Place introduces more exciting gastronomic treats for air lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary bowl of salad
      346 words
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      Page 16 Advertisements Column 3
      189 16 HAWKER FEST 1 15 AUGUST i Lunch Dinner only Adult: $16.00 Child: $10.00 Cafe Haza ttiSifi ROSE GARDEN SICHUAN RESTAURANT W Lewi 5. Golden Landmark Hotel 390 Victoria Street. Singapore Introducing our new Set Lunch Promotion 6-course Lunch for 3 to 4 persons flt $48.00++ 7-course Lunch for 6 to
      189 words
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      Page 16 Advertisements Column 4
      297 16 w k m w vmvf p Vj i 1 From corn-fed American cattle come succulent, juicy steaks Roast Prime Rib of Texas Steer Beef, Boston Oyster Sleak and Braised Beer Steak complemented by excellent wines and delicious desserts. 54 fW 333 Orchard Road. Singapore 0923. Td: *****11. Sun Thun s.oCfim
      297 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      564 16 TELEVISION AND RADIO At 1 ~SBCI2 IMiMI 10.40 Friday at the Marias Shat- 6.30 Lagfcatal Qaraa. atKaMCgqfWPAttrt HA I O lITAArI .<. tcred Innocence (See Our 6.45 Ns6<l— Pwg—l moaei S WOCS iH 2L"SL2»s«r u»ssl jsnirsrs: ssr»«- Xa? ''#!AH i#j# Tl» Sd«K. E«ta (Docu- 5.55 PM LlttU M«»k (C, Manila
      564 words
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  • LIFESTYLE
    • Article
      Lock icon Growing greens out in space
      264 17 Reuter American scientists want to grow salads in space and maybe under the sea, in California's Death Valley or in your apartment closet. The greens are growing now in a refrigerator-sized mirrored box in California, but ultimately the so-called salad machine is destined for Space
      Reuter  -  264 words
    • Article
      Yves St Laurent is well and walking
      473 17 CHATTERBOX AFTER a rash of recent speculation about the health of Yves Saint Laurent, an almost perceptible sigh of relief went up when he walked down a Paris catwalk on Wednesday at the end of the presentation of the autumnwinter haute couture lines.
      473 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      184 17 AND ENTERTAIN j High Fashion At High Tea. |j Every Saturday, High Tea is highly fashionable at the Fountain Lounge With a fashion show featuring some of Singapore's I' top models and best fashion. A® C entury Park Sheraton I; Singapore 116 NASSIM HILL, SINGAPORE 1025. TEL: 732 1222. I*
      184 words
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      Page 17 Advertisements Column 2
      101 17 Welcome to first class. SWING. ■E JM V &j»Mph& v f J3^B H&^« |({-J m v JB > 'j| E. V, 3 .V f s^*sjjg„ **4tfo> < K In the 1920's Swing was discovered by wealthy European travellers who sailed first class on luxury transatlantic liners. The unique 'swinging' decanter,
      101 words
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      Page 17 Advertisements Column 3
      146 17 THAI TEOCHEW SEAFOOD Spicy. Tantalising. Mouth-watering. Come experience these tempting treats at Siam Square Restaurant today! *Only valid for a la carte menu Y 30 September 1990 Siam Square Restaurant Pte Ltd 3 Coleman Street #01-12/14 Peninsula Shopping Centre S'pore 0617 Tel: *****37• *****79 tieHuitit For Lunch only I Roasted
      146 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Handful of speculative stocks take centre stage
      3731 18  -  By Magdalene Ng SPECULATIVE STOCKS dominated trading on the local bourse yesterday, with interest concentrated on a few situational stocks such as Hotel Properties, Malayan Credit and the SIA group of counters. Trading in the rest of the market was generally quiet with
      3,731 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4196 19 Main Board SIA Foreign 2090 >90 +4.5% SAL-SIAF93 2000 280 29 +11.6% SIA 1460 +20 +1.4% SIA 200 1460 +20 +1.4% Asia Pacific 960 +15 +1.6% Parkway H SO* 252 +11 +4.6% DBS 1250 +10 +0.8% SPH Foreign 1180 +10 +0.9% OCBC Foreign 1070 +10
    4,196 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      220 20 Date Ywr Group N«t Nrt earning* Cms to pr**Vf« (L) Hf *M*«* (•000) (<*«t*) Rfenhawane M5 Mar 90 $13,454(16.793) 56.1(28.3a) 35n(15a) LSTST Jul 4 Mar 90 $8,006(510.219) 14.6(18.7.) 4(2 7a) R»Za«M )ul 4 Mar 90 MSI05,988(598.362 37.1(34.5) 30k(45) Soore Fodder Jul 2 Dec 89 $590l($763L) fELlST Jul 2
      220 words
    • Article
      PRELIMINARY RESULTS
      233 20 fiMi-T Date Yur Grovp prt-tox Minings Cr»*s m to profit/lots (L) P*t ikan ('000) (canto) Choc Prod Jul 17 Mar 90 M$2.095j($l,231) 0.9(-) fesM Hussatn Jul 13 May 90 M$30,105(M$15,338) 21.8(11.1) 5(4) Nam Bhd Jul 12 Mar 90 M$14.247(M$10,387) 6.5(4.6) 10(1) Isetan Jul 5 Mar 90 $32,090p($19,078) 48.5(39.1)
      233 words
    • Article
      INTERIM RESULTS
      165 20 r I nil I T Date HaM-yaar Group pre-tax Irttriw ann to pntit/tou (L) dMdwid COM) Roxy Elect Jul 20 Jun 90 M$733(*546L) M Cement Jul 12 May 90 MJ29.627(MS14.717) 7.5TE(6TE) Ganda HMfS Jun 29 Mar 90 MJ3.237L($2.236l) Pacific Can Jun 29 Mar 90 $68L(—) Samanda Hides Jun
      165 words
    • Article
      CORPORATE DEVELOPMENTS
      332 20 ki 25 Vncol Hokfinp Ltd and P T Graha Setuni Indonesia is budding a new $20m factory in Indonesia. total Properties Lt«fs major shareholder Avant Hotels International Ltd has agreed to exercise 31m HPI Warrants 1991, raising $68.2 m. Inter-Pacific Industrial Group acquired a 27% stake in money
      332 words
    • Article
      DIVIDENDS ANNOUNCED
      537 20 Current Ex BmIu Date Tetalfar Tetaltor paymmtl date dm» payakfc On yur iMt y «ar Nu Mdgs 6% Aug 28 Sep 7 Sep 26 6* 6% MM 10* Sep 21 Oct 5 NYA 10% 7.5* AMP NYA Jun 20 Jul 5 Aug 15 NYA 1 29sen **ne 7.5*TE(|)
      537 words
    • Article
      RESULTS DUE
      706 20 Singapore Stocks LaatFMUaar Company Parted Date Har Hat ffJ 6* amuKM) nh (cwb) t»t r» <rooo) Law Huat Interim Mar 30 Dec 89 5351(10 EMS Interim Apr 26 Jul 90 9.3(a) 2.3TE(a) 4.747 Tal lee rwnci Fnal to 1 Dec 89 12.3 M 2.206 FIN Wenm tun 23
      706 words
    • Article
      APPROVED ISSUES
      261 20 Company Right* Iww a Copn One-lor three fe MSI 60 per stare $*****m 1% Convertible Unsecured Loan Stock of Mtl 00 noranal value to be issued on the basis of 1 CULS tor every aght stares held Ex-date ton 6 Books dose ton 20 Acceptance t Payment: tag
      261 words
    • Article
      PROPOSED ISSUES
      539 20 Company Rights Issue Causeway toe Capital reduction scheme to reduce par value ot shares from $1.00 to $0.60: Rights mm of 3:2 6 JO 60 per share CBM One-tor-one MJ4 00 per share Every tour rights shares would be issued with one TSR EMS One-tor two Q >1.75
      539 words
    • Article
      BONDS, LOANS & WARRANTS
      660 20 BONDS, LOANS WARRANTS C4C Nt Betore 26/4/93 1 warrant plus 8109 cart Ca—ay Loan Cwi> Nt 2/10/89 to 20/10/94 1 warrant plus SI cash or 1 wtK phs $1 nominal mount of ban stock. Q—i H» Mm Om Mf Nt March 87 to 31/12/91 1.55 warnrts plus $1.55cart Qam H*
      660 words
    • Article
      COMPANY MEETINGS
      250 20 Bitot Sembawang Estates Limited; 24th AGM at the Orchid Room, Mezzanine Floor, Shangri-La Hotel, 22 Orange Grove Road, Singapore 1025 on Friday, July 27, at 12 noon. Singapore Fodder Company Ltd: AGM at 47 Hid Street #05-02 Chinese Chamber of Commerce and Industry Building, Singapore 0617 on Friday,
      250 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      247 20 NOTICES NOTICE NOTICE IS HEREBY GIVEN that, I, Chew Thlam Ee Chao Tien Ee of No. 407 Hougang Ave. 10 #06-1104 Singapore 1953, have applied for a RETAIL LIQUOR SHOP licence in respect of premises at M/s NTUC Fairprice Cooperative Ltd at Basement South Passenger Terminal 2 Singapore 1781, and
      247 words
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      Page 20 Advertisements Column 2
      241 20 NOTICE NOTICE IS HEREBY GIVEN that, I, Patrick Cheong Choo Ho of No. Blk 10E Braddell View #10-18 Singapore 2057, have applied for a RETAIL LIQUOR SHOP licence in respect of premises at M/s NTUC Fairprice Co-operative Ltd at Blk 505 Bishan St 11 #01-438 Singapore 2057, and that this
      241 words
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      Page 20 Advertisements Column 3
      177 20 NOTICE Of FINAL MEETING THE COMPANIES ACT, CAP. SO EURAS TRADING A TRANSPORTATION CO PTE LTD <m mom kouwtmy uoumnoN) Nolic* haraby gwan purauant to Saction 306 ol lha Compania* Act. Cap SO thai tha Final Maaling at Mambara oI tha abovanamad company «n* ba haM at 8001 Baach Road
      177 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares recoup early losses on bargain-hunting
      3758 21 Bernama SHARE PRICES in Kuala Lumpur recovered from earlier lows to close mixed yesterday after light bargainhunting in the afternoon. The KLSE Composite Index ended at 627.01, down 0.03 of a point. Due to gains in some component stocks, the New Straits Times Industrial
      Bernama  -  3,758 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      151 21 Ex ecutive Style STYLE- The executives want it. It makes a statement. It sets them apart from the mainstream. It gives them that added edge in a world where impressions, like It or not, do last. You, as the purveyors of style, should know what we mean and we invite
      151 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market makes it five falls in a row
      2254 22 Reuter TOKYO shares closed broadly easier yesterday, posting a fifth straight day of losses on general bearishness and fears of rising domestic interest rates. Media reports of investigations into possible tax evasion in Japan by major Japanese brokerages added to the selling
      Reuter  -  2,254 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Profit-taking sends market lower
      2427 22 Reuter SHARE PRICES closed easier in Hongkong yesterday as local investors took advantage of a period of consolidation to take profits, brokers said. The Hang Seng index shed 36.95 points to close at 3,483.59. Brokers said trading volumes in blue chip companies remained quite low, indicating
      Reuter  -  2,427 words
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  • Seoul stocks fall to a 21-month low
    • Article
      AUSTRALIA
      1077 23 THE Australian sharemarket closed barely changed on low volume yesterday, with the sharply firmer gold sector the most outstanding feature of the day. -The Gold Marker leapt 32.9 points to 1,406.6 and earlier reached a high of 1*114.5 after gold bullion rose about US$5 an ounce. One broker said
      1,077 words
    • Article
      SEOUL
      735 23 SEOUL stocks fell to their lowest levels in 21 months yesterday as the market index dipped below the support level of 680 in extremely thin trading, brokers said. The composite index closed at 676.83, falling 8.44 points from the previous session. Turnover was 56.6 billion won, compared with 98.3
      735 words
    • Article
      MANILA
      520 23 PHILIPPINE shares rose yesterday in the first brisk trading since last week's killer earthquake as Manila's two bourses welcomed a government plan to seek debt relief and new funds for reconstruction, brokers said. At the main Manila Stock Exchange, a rumour that renegade colonel Gregorio Honasan has either surrendered
      520 words
    • Article
      BANGKOK
      695 23 THAI stocks closed lower yesterday on profit-taking in active trade in a ses- sion which saw prices fluctuate widely, brokers said. The Composite SET Index fell two points to 1141.78 after advancing more than 10 points during the first half of trading. Siam Cement closed 120 baht lower at
      695 words
    • Article
      NEW ZEALAND
      330 23 NEW ZEALAND shares rose for the first time yesterday in six trading days with a modest 10.37-point gain on the Barclays index. "It was overdue for a correction although the rise was thin in terms of turnover," Baden Carter of Ord O'Connor Grieve said. "The outlook is still
      330 words
    • Article
      TAIPEI
      360 23 TAIWANESE stocks closed lower yesterday as the index was pulled down by late selling, dealers said. The Weighted Index lost 65.75 points, or 1.2 per cent, to finish at 5,255.89 compared with Wednesday's 5,321.64 close. Turnover was NTJ67.9 billion against 73.4 billion. Falls led rises by 122 to 89
      360 words
    • Article
      JAKARTA
      570 23 PRICES on the Jakarta stock exchange closed mixed yesterday, with the Composite Index falling 2.17 points to 625.79. Pulp producer Inti Indorayon Utama dominated the regular market at 221,000 shares. It ended unchanged at 9,850 rupiah. Astra fell 150 rupiah to 25,350 on turnover of 129,500 shares. On the
      570 words
    • Article
      Lock icon BOMBAY
      76 23 Reuter THE Bombay Stock Exchange indices were driven to all-time highs on Wednesday as trading resumed after a break of four days, brokers said. The Exchange Index soared 67.24 points to a record 1,007.97, after peaking at 1,008.25. The National Index rose 25.05 to 519.57, a shade below the
      Reuter  -  76 words
    • Article
      Untitled
      418 23 Close Previous Jaty 26 SYDNEY Ail Ordinaries Index 1,590.8 1590.3 +0.5 All Industrials Index 2,450.1 2,455.4 -5.3 All Resources Index 931.7 927.4 +4.3 Turnover (million) 82.73 65.88 +16.85 BANGKOK SET Index 1141.78 1,143.78 -2.00 Turnover (nearest '000) NA NA JAKARTA Composite Index 625.79 627.96 -2.17 Turnover (nearest '000) NA NA
      418 words
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  • WORLD STOCK MARKETS
    • Caution in the air as Wall St creeps back
      • Article, Illustration
        NEW YORK
        1018 24 NEW YORK stock prices continued to recover on Wednesday from Monday's huge selloff, but trading volume weakened and investors remained exceptionally cautious in an uncertain market. The Dow Jones industrial average rose 8.42 points to close at 2,930.94. With Tuesday's 17.82-point gain, it has now picked up almost
        1,018 words
      • Article, Illustration
        LONDON
        768 24 SHARES closed slightly higher on London's Stock Exchange on Wednesday, with investors worried about British corporate earnings and a drop in the pound. The day began on a positive note, with prices charging to session peaks. But the advance couldn't be sustained, dealers said, because of the corporate profit
        768 words
      • Article
        JOHANNESBURG
        378 24 JOHANNESBURG gold shares were drifted in a quiet and cautious market at midday yesterday in reaction to Wednesday's strong rally, but leading stocks remained well bid. Dealers said the market now seems to be waiting to see if predictions of further gains in the bullion price to $375 an
        378 words
      • Article
        MILAN
        185 24 BARGAIN-HUNTING after three consecutive sessions of losses boosted Italian shares at the opening in active trading, brokers said yesterday. The MIB index was up 0.4 per cent at 0930 GMT. The recovery on Wall Street and European markets and reduced tension in the domestic coalition were cited as positive
        185 words
      • Article
        TORONTO
        241 24 TORONTO stocks closed firm on Wednesday after fluctuating within a tight range during the session, dealers said. The broad market was mostly flat, but firming oil and gold shares lifted the Composite Index, they added. The index gained 6.77 to 3,554.41 on volume of 20.5 million shares. Advances led
        241 words
      • Article
        FRANKFURT
        213 24 WEST GERMAN shares ended broadly higher yesterday, as strong buying of selected blue chips helped prices to rise across the board. But dealers said the market as a whole lagged behind sharp gains seen in stocks such as Daimler, AEG and Nixdorf. Prices for these shares rose after moderately
        213 words
      • Article
        ZURICH
        348 24 SWISS shares traded steady at midsession yesterday on small volume. Dealers said Wall Street's firmer close on Wednesday supported sentiment at the opening, but then buying interest faded again. The SMI Index of leading shares traded 0.9 points easier at 1,780.9, off an early high at 1,791.3. Jacobs Suchard
        348 words
      • Article
        PARIS
        225 24 FRENCH share prices went lower after an early attempt to push above the psychological 2,000 level on the CAC--40 Index, with no corporate news to enliven a session dominated by summer lethargy, dealers said yesterday. The CAC-40 Index was 5.82 points lower at 1,992.76 at 1041 GMT. It opened
        225 words
      • Article
        AMSTERDAM
        234 24 DUTCH shares began firmer yesterday morning, in line with increases in both London and Frankfurt, but investors continue to tread warily because of fears that Monday's 57-point Wall Street fall could be repeated, dealers said. The CBS All-Share Index added 0.3 points to 120.9 at 0858 GMT, and there
        234 words
      • Article
        Lock icon BRUSSELS
        165 24 Reuter BELGIAN shares opened narrowly mixed in low volume yesterday as investors continued to hold off in the light of Wall Street's erratic performance this week. "People are still a bit hesitant," one dealer said. Franco-Belgian tourism group Wagons-Lits started SO francs down at 10,600 and then fell back
        Reuter  -  165 words
      • Article
        Untitled
        191 24 July 25 Clw Previow NEW YORK Dow Jones 2930.94 2,922.52 8.42 NYSE Financial 140.82 140.42 +0.40 SAP 500 357.09 355.79 +1.30 Turnover (million) 163.53 181.92 -18.39 LONDON Financial Time* 30 1865.70 1866 70 -1.00 FTSE 100 2364.70 2360.90 -1-3.80 Turnover (miUion) 427.5 385.7 +41.8 AMSTERDAM CBS General 200.50 199.50 +1.00
        191 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback finishes firmer against yen and sterling
      1216 25 FOREX MARKET REPORTS THE US dollar yesterday ended firmer against the yen after declines in Japanese stock prices spurred sales of yen for both the US dollar and European currencies, dealers said. The US currency was little changed against the mark and the
      1,216 words
    • Article
      Lock icon European banks in stand-off
      289 25 Reuter EUROPE'S central banks have landed themselves in a summer interest rate muddle, with strains in the European Monetary System (EMS) starting to fray tempers and once again reveal the limits of international cooperation. France and West Germany, whose currencies are charting an unfamiliar course at
      Reuter  -  289 words
    • Article
      FINANCIAL FUTURES
      1563 25 SIMEX EUMOOLLM Open High Low Sett Est Vol Oprtnt Vol Sep 90 92.01 9104 91<>i 9102 6000 ***** 3632 Dec 90 92.02 92.03 92.02 92.03 4891 ***** 4024 Mar 91 92.01 92.03 92.01 92.02 1128 3798 1143 Jun 91 9I.8S 91.85 91.84 91.84 174 774 424 Sep 91
      1,563 words
    • Article
      INTERBANK FOREX RATES
      389 25 Cross rates USt S$ MS Dm Yen SFr A$ NZS USS 1.8230 2.7090 1.6245 149.85 0.5528 1.3800 1.2771 1.6949 SS 0.5485 1.4860 0.8911 0.8220 0.3032 0.7570 0.7006 0.9297 MS 0.3691 67.29 0.5997 0.5532 0.2041 0.5094 0.4714 0.6257 Dm 0.6156 1.1222 1.6676 92.24 0.3403 0.8495 0.7862 1.0433 Yen
      389 words
    • Article
      MONEY MARKET
      556 25 Interbank rates S$ m Offer Overnight 2 1/2 3 1-month 6 7/8 7 2-month 7 7 1/8 3-month 7 1/16 7 3/16 Overnight mode: S US> Bid Offer 7 days 8 8 1/8 1 month 8 8 1/8 2 months 8 8 1/8 3 months 8 8 1/8
      556 words
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  • COMMODITIES
    • Article
      Lock icon Far East likely to face ethylene glut
      481 26 Reuter MOVES by South Korean and Japanese companies to rapidly expand ethylene production capacity on the basis of strong current demand could lead to a glut as early as 1992, industry analysts and sources said. Japanese production is expected to rise to about
      Reuter  -  481 words
    • Article
      Lock icon De Beers' Swiss unit in Soviet diamond deal
      260 26 Reuter DE BEERS Centenary AG, the Swiss unit of the world's largest diamond producer De Beers Consolidated Mines Ltd, has signed an exclusive five year contract for the export and sale of the Soviet Union's rough diamonds. Centenary said it had also
      Reuter  -  260 words
    • Article
      Tin continues to rise on better buying support
      828 26 REPORTS THE price of tin rose two sen to M$ 15.97 per kg on the Kuala Lumpur Tin Market yesterday on better buying support and lower disposals, traders said. At the opening, bids amounted to 110 tonnes against offers of 62 tonnes.
      828 words
  • Article
    PRICES
    1318 26 Rubber luly 26 MS (M In Mm Noon do ae Int 1 RSS Prompt 155.00/156.00N 1S5.2VI56.25N Inl 1 RSS Aug 90 156.WV156.50 156.2VI 56.75N Int 1 RSS Sep 156.50*157.00 156.7VI57.25N lilt 2 RSS OP 153.50m5.50N l53.50m5.50N lilt 3 RSS OP 149.00/151.OON l49.OOmi.OON lot 4 RSS OP 145.00/147 00N 145.00/I47.00N
    1,318 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      810 26 NOTICES IN THE MATTER Of THE COMPANIES ACT, CAP. SO, AMO IN THE MATTER Of TUNG MEI ENTERPRISES PTE LTD (In MubW Voluntary Liquidation) FINAL MEETING NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act, Cap. SO, that the FINAL MEETING of the Members of the abovenamed
      810 words
    • Advertisement
      Page 26 Advertisements Column 2
      904 26 In the Matter ot The Compeniee Act Cap 50 And In the Matter ot KRAKATAU SERVICES (8) PTE LTD (In Voluntary Liquidation) Members' Voluntary Winding Up At Extraordinary General Meeting ot the members of the abovenamed Company duly convened and held at 220 Orchard Road #06-01 Midpoint Orchard Singapore 0923
      904 words
    • Advertisement
      Page 26 Advertisements Column 3
      15 26 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1016 27 aty F%M cw fi«M n» MbMMM GA976 0010 SR187 1955 GA890 2240 GA970 2255 MabMt SQ225 2215 RJ182 1445 RJ183 2320 KL835 1415 KL836 2115 SQ23 1810 SQ24 2200 QF16 1820 GA890 2240 Mm SQ31 0825 SQ24 2200 QF16 1830 0A471 2205 AKMMM TE25 1800 BAH
      1,016 words
    • Article, Illustration
      Where Aunt Neiva's word is law
      644 27  -  LETTER FROM BRAZIL By Michael Stott VALDEMAR Adjunto Japuaci smiled. "Welcome to the Valley of the Dawn," he said, gesturing towards a straggling collection of single-storey huts laid out across a plateau of bleached scrubland. At first sight an ordinary rural town, the community
      644 words
    • Article
      MONEY CHANGER RATES
      153 27 As at 3pm yesterday: Local dollars to oae unit of foreign currency Currencies Bid Offer Australian dollar 1.4180 1.4380 Canadian dollar 1.5660 1.3860 NZ dollar 1.0620 1.0920 Sterling pound 3.2800 3.3100 US dollar 1.8170 1.8270 Load dollars to 100 writs of foreign currency Austrian schilling 13.70 16.70
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      109 27 Duration Title Venue Organiser Tej Duration Title Venue Organ aer Ted July 30 Property Financing Jakarta AIC *****98 $ep 7.17 international Switzerland Sihweiwr Muster 61/616.20.20 31 Hilton Conference Pair Mustermesae July 30 New Trends In The Hilton Hotel AIC 03-*****43 international Spain Foiie V423.3I.01 31 Hotel A
      109 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      3 27 U:. Air Canada
      3 words
    • Advertisement
      Page 27 Advertisements Column 2
      557 27 NOTICE NOTICE IS HEREBY GIVEN that, I Loy Boon Ann of Block 39A Commonwealth Avenue #07-330 Singapore 0314, have applied for a Retail Liquor Shop Licence in respect of premises at M/s Kim Chen Tradingat Block 39A Commonwealth Avenue #01-322 Singapore 0314, and that this application will be heard in
      557 words
    • Advertisement
      Page 27 Advertisements Column 3
      477 27 LOST SHARE/TRANSFERABLE SUBSCRIPTION RIGHTS (TSR) CERTIFICATES The following Share/Transferable Subscription Rights (TSR )/Certiflca»as/* together with the raiavant signed transfer deads have been reported lost or deatroyed:FIRST CAPITAL CORPORATION LTD Certificate No. In the name o« No. o< Sharas/TSR ******76 J.M. Sassoon A Co 1 x 1.000 Nominees Pte Ltd ******61
      477 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      194 27 28 M 29 Having a right wild time is a bloomer! (9) cleaning (9) YESTERDAYS SOLUTION 30 A pirate's treasure (6) 14 Put off rate increase (9) lelmlblalrlrlalslsl i Inlglllyß 31 Make sure of repair set in a 15 Lure a girl into becoming a car (9) partisan (9) cOwiH]l
      194 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      211 27 Singapore Outlook: Showers over a few areas in the morning. Report Max temp. 32.1* C Assoc humidity 57% Min temp. 24.4 Assoc humidity 94% Hrs of sunshine. 6.50 Rainfall in mm. Nil Rainfall this mth. 105.4 Rainy days this mth 9 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 14/07 Rain Bangkok
      211 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      19 27 kiIibiRMaSBBBBIiBI for course, of course... g**®frBB2P 10 (J? J S3£a J u <*- c iv—w tawpowp co. ltd- w-i— m—
      19 words
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  • Article, Illustration
    Cebu aiming to achieve success on its own terms
    564 28  -  •l Harish Mehta THE PHILIPPINE sunshine city of Cebu, basking with an impressive 20 per cent annual growth rate while the national growth averages 5 to 6 per cent, will go it alone to become an economic success and not rely
    564 words
  • Article
    Lock icon Britain planning to make sweeping cuts in defence
    314 28 AFP BRITISH Defence Secretary Tom King, acknowledging the reduced military threat from Eastern Europe, has announced sweeping defence cuts including the withdrawal of an army division from West Germany. The move, coupled with the abolishing of another division based in Britain, amounted
    AFP  -  314 words
  • Article
    Lock icon Gorbachev may cancel visit to Japan
    197 28 AFP SOVIET PRESIDENT Mikhail Gorbachev has hinted that he may cancel his planned visit to Japan next year if Tokyo insists on placing the two countries' dispute over the Knrik islands at the top of the agenda. Mr Gorbachev "questioned the expediency of the
    AFP  -  197 words
  • Article
    Lock icon Gunmen attack convoy in Aceh
    163 28 AFP UNIDENTIFIED gunmen attacked a convoy of nine military trucks in Indonesia's troubled Aceh province but left no casualties, military sources said yesterday. The trucks were carrying logistics for units of the elite Army Strategic Command stationed in northern Aceh when they were raided near
    AFP  -  163 words
  • Article
    Lock icon Shareholding concept back in favour in Beijing
    289 28 AP ALMOST TWO YEARS after China's government sharply reined in economic reforms to curb inflation, it is once again touting the advantages of a capitalist mainstay shareholding. Recent reports indicate that economic planners view shareholding as a way to relieve the government from
    AP  -  289 words
  • Article
    Lock icon Restore ties with China, urges Kaifu
    163 28 Reuter JAPANESE Prime Minister Toshiki Kaifu yesterday urged industrialised nations to restore relations with China more than one year after Beijing's bloody crackdown on a student-led prodemocracy movement. "Isolating China from the rest of the world and putting a brake on China's move towards
    Reuter  -  163 words
  • Article
    US shift of policy: all eyes on Japan
    348 28  -  Asean Post-Ministerial Conference From Yong Pow Ang in JAKARTA WITH TWO of the so-called dialogue partners joining Asean at its post-ministerial conference (PMC) in Jakarta having expressed support for the United States' change of stance over Cambodia, all eyes will today be
    348 words
  • Article
    Apec must settle membership question first, says Australia
    281 28 THE ASIA-PACIFIC Economic Cooperation (Apec) ministerial meeting should resolve the membership question of the "three Chinese economies" as a first priority before considering participation of other countries, according to a position paper released by the Australian embassy in Jakarta. Australia, which is
    281 words
  • Article
    Lock icon Baker rejects Asean criticism of US policy shift
    233 28 AFP US SECRETARY of State James Baker, en route to a meeting with Asean ministers in Jakarta, has rejected criticism from the grouping over American policies on Cambodia and the Vietnamese boat people. But he maintained that the US and Asean had
    AFP  -  233 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      5 28 <D Baume Mercier GENEVE 1830
      5 words
    • Advertisement
      Page 28 Advertisements Column 2
      84 28 _0L i; Baume Mercier GENEVE 1830 3I C From 27t! Jafy to 10tt Atfast, por-ckase a*f casuals at fall price axdpou. '((pet Co iay tke second piece at 30% (ess. Ta&e po<nrpicl(jrom a vide ranpe ofjTslirts, sweaters, kenxadas, cotton pants or skirts. vjj BOSS 1 HUGO BOSS •OSS SHOP: BOM
      84 words
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  • Shipping Times
    • Article
      Free-trade-area plans for Penang air-cargo complex
      410 29  -  By Othman Abu Bakar THE PENANG state government is waiting anxiously for approval from the Federal government to turn the Malaysia Airlines' new MS3S million air-cargo complex at the Penang International complex into a free trade area. Setting up an FTA at the complex,
      410 words
    • Article
      Indonesian tycoon to start steel container plant next year
      352 29 INDONESIAN TYCOON Sudwikatmono will start manufacturing steel dry containers, mostly for exporters, in West Jaya in the middle of next year. Mr Sudwikatmono told reporters in Jakarta last week that his company, PT Asia Perintis Contindo (Aspec), will start operating next
      352 words
    • Article
      HK shipping firm may seek listing on S'pore exchange
      246 29 SHIPPING COMPANY Continental Mariner Investment (CMI) is thinking of listing on the Singapore stock exchange to boost its share price, said SG Warburg Securities. "After the successful listing in Singapore by IMC, the management of CMI is now evaluating the merits
      246 words
    • Article
      Lock icon Phillips and USX units getting two new LNG ships
      251 29 Reuter PHILLIPS Petroleum Co said the venture owned by its Phillips 66 Natural Gas Co subsidiary and USX Corp's Marathon Oil Co have contracted for IshikawajimaHarima Heavy Industries Co Ltd (IHI) to construct two liquefied natural gas vessels. Phillips did not
      Reuter  -  251 words
    • Article
      Lock icon KAL zooms in on SEA freight market
      279 29 Cargonews Asia KOREAN AIR (KAL) is focusing on the intra-Asian freight market, said a senior company official. "We regard South-east Asia as a strategic market," said K H Choi, KAL's general manager for cargo sales marketing based in the Seoul head office. "That's
      Cargonews Asia  -  279 words
    • Article
      Lock icon Poor ventilation causes sheep deaths
      209 29 AP NEW ZEALAND Agriculture Ministry officials yesterday cited inadequate ventilation as the main reason for the deaths of almost 10,000 sheep being shipped to Saudi Arabia last month. Veterinarian Garth Pannett and livestock officer Rob Clem e|fc were aboard the fully-enclosed Cormo Express at the
      AP  -  209 words
    • Article
      Lock icon Deutsche Airbus loss up
      72 29 Reuter DEUTSCHE Airbus GmbH, the West German arm of the European Airbus consortium, made an operating loss of 999.5 million marks in 1989, up from 267 million the year before, according to an announcement in the Bundesanzeiger official gazette. The aircraft maker, a unit of Daimler-Benz
      Reuter  -  72 words
    • Article, Illustration
      Royal Brunei to fly to Batam and Medan soon
      381 29 NATIONAL CARRIER Royal Brunei airline will operate scheduled flight services to Batam island, Medan and Manado in the near future, according to an official of the Indonesian transport ministry. Mr Djunaedi Hadisoemarto, secretary-general of the ministry, said that the government had
      381 words
    • NEWS SUMMARY
      • Article
        Gloom amid the boom
        35 29 WHILE Thailand's shipping industry is booming, the picture is not all rosy. Problems like port congestion still plague the industry, according to a Bangkok Shipowners and Agents Association report Page 2
        35 words
      • Article
        United Parcel Service bracing for a strike
        37 29 UNITED Parcel Service of America Inc is bracing for a possible strike next week, and its main customers large corporations are already diverting packages away from the carrier Back Page
        37 words
      • Article
        US Bill to counter foreign ship subsidies
        33 29 MEMBERS of the US Congress from maritime districts have submitted a proposed law to counter subsidies foreign governments give their shipbuilding and shiprepair industries. Back Page
        33 words
      • Article
        'Site new HK airport in New Terriories'
        34 29 HONGKONG'S multi-billion-dollar new airport should be built in the New Territories, not at Chep Lap Kok on Lantau Island, said a leading international tourist consultant. Back Page
        34 words
      • Article
        British Airways clears UK hurdle
        42 29 THE DECISION by Britain's Monopolies and Metiers Commission to approve British Airways pic's 20 per cent stake in Sabena World Airlines clears one hurdle in the carrier's fight to create a pan-European airline, analysts said. Back Page
        42 words
    • LOG BOOK
      • Article
        Nedlloyd enters debt-to-equity accord
        89 30 TRANSPORT and shipping group Koninklijke Nedlloyd Grocp NV has reached an agreement with three Dutch financial institutions on the conversion of 159.5 million guilders of subordinated debt into equity. Nedlloyd said the agreement is designed to strengthen shareholders' equity and will lead to an annual increase
        89 words
      • Article
        Air Inter ground staff to strike
        77 30 UNIONS representing ground staff at France's Air Inter domestic airline have called for a strike today and tomorrow to press their demands for better pay and working conditions, the unions said. A 48-hour strike on July 21-22 caused the cancellation of a quarter of
        77 words
      • Article
        Kawasaki wins gas carriers order
        66 30 KAWASAKI Heavy Industries Ltd has won a 17-billion-yen order to build two multi-purpose gas carriers from Norway's Kvaerner Shipping AS. It plans to start building the carriers between late 1991 and early 1992 and to dd)ver one in July 1993 and the other in March
        66 words
      • Article
        Supply of engine nacelle systems
        70 30 AIRBUS Industrie will pay Rohr Industries Inc US$l biffion to supply another 800 jetliners with engine nacelle systems, the aerodynamic structures that surround jet engines, Rohr said. Rohr made a deal in 1984 with the European plane-building consortium to provide nacelle systems for 200 Airbus
        70 words
      • Article
        Valdez captain's licence suspended
        81 30 THE CAPTAIN of the Exxon Valdez oil tanker that grounded off Alaska in the worst oil spill in US history was suspended for nine months following a deal with the US Coast Guard on Wednesday. Joseph Hazelwood, 43, was also placed on probation for a year,
        81 words
      • Article
        Air Afrique orders engines
        57 30 GE AIRCRAFT Engines, a General Electric unit, said Air Afrique placed a US$l5O million order for its CF6-80C2 high bypass turbofan engine to power four firm and four optional Airbus Industrie aircraft. GE Aircraft said Air Afrique, a consortium of 10 African countries, is the largest
        57 words
      • Article
        Cellular phone merger
        36 30 CELLULAR Communications Inc has agreed to combine its cellular telephone interests in the Midwest in an equallyowned joint venture. The deal will create one of largest regional cellular systems in the United States.
        36 words
    • Article, Illustration
      Gloom amid the boom
      986 30 While Thailand's shipping industry is booming, the picture is not all rosy. Problems like port congestion still plague the industry, says a Bangkok Shipowners and Agents Association report. Thailand's shipping industry chalked up another record performance in the period of 1989/1990 a very active year for
      986 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      517 30 i»iv -n rw»h».i. Ihm. Id. ik-u> tifciM Dewitywater R6/M*3% V/V M/M M/M PPM M/M £DM method KG/M*3% V/V 1 M/M M/M PPM I M/M JBOfl nethod BO/Chnc Mb Spec £25 Spec G35 ***** 9911.0 15.0 18.0 0.10 0.15 30* 30* 0.10* 010* Eastern USA 180 Ave
      517 words
    • Article
      THE SHIPPING GUIDE
      12288 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
      12,288 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        581 45 fcMl KappalM Izmba Shanghai Standi Mm S* Aarma 9 Note Arrow hnu Arrow Queen rpt Hop* Ma AfiM| Ma Mrana lamping i wy Mmosa feunt Satma Sim Amazon am 43 5 11A 40 1A 241 141 2 E» E« 376 31 035 900 sw/ lb 1 F90
        581 words
      • Article
        CONTAINER SCHEDULE
        1087 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCI CARGO I beard toto 9*> toy No Period Fran To Fran f of DbcBal Spoco IbDn IB 1 25/1500 25/1659 25/1900 3T 3 26/0700 26/1159 26/1400 Bhum 30S 1 25/1500 25/1659 25/1900 3 26/0700 26/1159 26/1400 flaw N102 1 25/1500 25/1659
        1,087 words
      • Article
        IN MALAYSIAN PORTS
        371 45 Jwt Wmtg Souli Port on My 25: Isokaze berth 1; Hong Machai berth 3; Budder I berth 4; Pernas Safari berth 7; Sri Anka berth 7' Meteka laya I berth 7A. KCT: An Chun berth 8; No 8 Donam berth 9; Urn Spring berth 9. North Part
        371 words
    • Article
      DAILY FREIGHTS
      918 45 CHARTERING on the dry cargo freight market remained quiet on Wednesday, however unconfirmed talk was circulating that the key grain routes from the US Gulf to Europe and Japan had been fixed at firmer levels, brokers said. The talk suggested that around US$ll and US$l9 had been paid
      918 words
    • Article, Illustration
      Lock icon UPS bracing for a strike
      590 46 NYT UNITED PARCEL Service of America Inc, the United States' largest carrier of parcel post, is bracing for a possible strike next week, and its main customers, large corporations that use UPS to ship everything from clothing to car puts, are already diverting packages away
      NYT  -  590 words
    • Article
      Lock icon US Bill to counter foreign ship subsidies
      239 46 Reuter MEMBERS of the US Congress from maritime districts submitted a proposed law on Wednesday to counter subsidies foreign governments give their shipbuilding and ship repair industries. The legislation would levy a special assessment on foreign ships entering US ports to reflect any
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      Site new HK airport in New Territories: expert
      192 46 HONGKONG'S multi-bil-lion dollar new airport should be built in the New Territories, not at Chep Lap Kok on Lantau Island, said a leading international tourist consultant. According to the South China Morning Post, Mr Charles Kaiser, a partner in accounts, Pannell Kerr
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      107 46 Reuter THE DECISION by Britain'# Monopolies and Mergers I Commission (MMQ to approve British Airways pic's (BA) 20 per cent stake in Sa- bena World Airlines (SWA) clears one hurdle in the cam- er's fight to create a pan-Eu-ropean airline, analysts said. But the main obstacles
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      323 30 Xndersen ffIBSH ianajiah Raslan Mohamad SALE BY RECEIVER AND MANAGERS Offers are Invited for the purchase of a coastal tanker on an as is where is' basis. Particulars of the tanker are Type 3200 m 3 Twin Screw Clean Oil Motor Tanker Registry/Flag Malaysian Tonnage (Deadweight) 2751.74 MT Dimension (LxßxD)
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      1181 31 MDEX TOfIjjVEJTKERS Macoline 18 2/3 """—jl Madju Sdn Bhd 16 1/2 ABC ConUineriine 13 5 •M*r*line 3 4/5 Accord Shpt 8 1-3 Mamfrcight 15 4 Adkru Business 16 3 «MISC |*3 Albatros Sea-Air 14 5 M'wa Shp§ Corp 9 1/2 Alfred C Toepfer 15 5 Menddaeohn 5 1/2 Ahrenkid Liner
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      2215 31 VMM! Voy ETA I ETO 'Port *Panang 1 DESTINATIONS Singapore Kalang Tha Mt L«rt M ton Ooatng Tlma FwW fry CY 11/7 0400 MHS M Farco 4 HM MM TQM cn -W7 23NHM M Tauro OAK LQ6 HOU MEM ATI MIA CHS BAI W. NVC MOW LARS M 900S 131/7
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      984 32 ~~1 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE TOKIO EXPRESS 94/568 1/8 I*® KATSURAGI 01/580 2/« 2™ «J 23/8 "J* 26/8 BENAVON 95/503 5/8 22/® 25/8 27/8 HAMBURG EXPRESS 97/588 9/8 3/9 3 BENALDER 96/586 12/8 29/8 31/8 2/9 3/9 5/» KOWLOON BAY 96/585
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      485 32 IRINI 30/7 14/8 21/8 2M ALSO ACCEPTING CAH6O VIA SUVA TO: UWJTOKA. I>AGO PAGO. APIA I NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP IRINI 30/7 6 9 8/9 10/9 Alto accopttni Cw«o to Callao (Para) *i« Valpa SINGAPORE: SMMSB S. JAYA: 03-*****23 ?OOHNGS: ©***** WORTHBOUWO TO UKC S'PORE NOM/A
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      868 32 &XW*. reoucar woepewoewT will cqwta—b www WESTBOUND FOR EUROPE m VSUVOY SIN ALG BCL FEL ROT ANT HA* Ml LHA 31 NOR ASIA MUBARAK *22-3 03/0« 24/Ot 29/08 31/j>B 03W 02-09 04/09 N-AL MANSOORAH 9023-3 10 31« 02TO OSTO 07,T0 OTO WTO IMB I2TO JAPAN S€A 024-W WTO 07TO 09
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      1832 33 SjgSteamers Maritime Holdings Ltd) pnw^'T^Mjpl Containers mm****-- I Vow No r Klai* S»«r» S'twl H buf| I h««fl R'Om Ldi ACC^ S 001 SA,LS I TOMO DIfMS MfiU E.WNO-W7 UM 14,04 O* C I MTSUMO 01/ M IAA-30(7 2704 2M» H« 20N4 2404 RAJAH BROOKE VI4E Muara. Lab, KK In
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      1461 33 TO: EUROPE TO; FAR EAST cp i u ROM HAH I'MVN FU SPO«t m KM km mj CHOYANC PARK 00M W 1W W "J 5! SSiimlmSSbi MU *1 M 1M lS l 5 HANJIN OAKLAND TOW 2M W W W W HANJ N WWNNU M MJ UJ CHOYANC SUCCESS 010W
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      434 33 I SPECIALIST IN RO-RO HEAVY LIFTS I I VESSEL ASIAN AMBALIKA COSMIC ASIAN I I CLIPPER PIONEER STAR I IvOY. NO. 125 57 7 114 I IS port In pt 21/7 W 20)1 I |P Koiang 29/7 31/7 12/1 220 I I Yokohama 31/1 9/9 I Nagoya 11/t 29/t 7/9
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      555 34 f "%Sm rmi nSm I^--L- CR Nan **********0-D EXPRESS SEHI-COMTAINERSHIf SERVICE Z rci/VOT S PORE R OAM/ H lURC IROKN ANTWW s sST i|_i. PAST TRANSIT TIMS ACCEPTING BMAKBULK/CONTAMCRISeO CARGO S^lMltoMuomniAiwMnpttiQewßDtoOßHMMM, I Port Eatd. Port At—nrfc*. Qww. THw*. AISO ACCEPT INC BOTH CONTAINERS, CONVENTIONAL CARGO VIA T/S TO UK POUTS,
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      744 34 HAN JIN SHIPPING l/*J V FULL CONTAINER SERVICE FEEDER VSL I SIN UNE HAUL LAX OAK CHOYANG PARK OMW »7 liS IM 17* 191 2M CHOYANG SUCCESS SHE MP H POHANG IDE M M HAN JIN 0 AKLAN DIM M 22/S 23/S 2«/S 2M 27/S HANJIN HAMBURG MIE M H
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      1195 34 JPPjW"—k f J -I.TJ-I JJTMT i greet re-09 M L 4 i? 2 £2 22 ,1 £2 Tm u iiS iSS iSS JS wu iS £2 22 25 w ft S3 vMSSSSpffiSSiffil S2SK& a!S«l!^S™w^^®»''»3»"»- ,I K,, nl ALSO ACCEPTING CARGO TO: I 1) PHOVIMNCt NCWAM. SAVANNAH. KM TOM PHILADELPHIA. NOtFOLK.
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      1147 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 OEPT: *****44/ *****14 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 K *****87, P«nang-(04) *****0, J.Bahru-(07) *****3, *****4 KT&K "sX I WEES--,
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      263 35 "X N KEELUNG Tel: *****55 > (29/7) Vv\KAoHSlufi6 Pn V FOR BOOKINGS L >o^' /I TEL* *****17 Pm a. BAN6KOK II TEL. *****17 |CoUj|jfo| (28/7) j J Specargo's Own V \\j Operated V-A X Warehouse at yA) FTZ IM WPOPE/^-^ Warehouse Tel: *****50 SEAWARD SHIPPING AND TRADING GO (S) PTE
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      168 35 Bschenker S«rvic* in 5 Continents (WEEKLY LCL/FCL CONSOL SERVICES TO/FROM GOTHENBURG SWEDEN) SCHENKER 111 JULY 27 JULY 29 AUG 22 SCHENKER IV AUG 4 AUG 6 SEP 10 SCHENKER V AUG 11 AUG 13 SEP 17 SCHENKER I AUG 18 AUG 20 SEP 24 SWEDEN IV JULY 24 AUG 22
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      1060 35 &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 DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VESSELS VOTACt |SPO« HKOX WtUt gMt WOAWC HBUBC tHAYPi THJUtT ROTT t msoxv hb» sto via
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      1127 36 vk A W AS AGENTS KAWASAKI SINGAPORE (PTC) LTO (CR N«: **********0 M) V\ lit TEL *****77 TELEX: KAWAKIRS23I6S FAX *****79 \M I J I rii MALAYSIA: HARPER WIRA SON BHD \Y" 1 BL Jk A TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. fixroicr
      1,127 words
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      121 36 Continental Pacific Shipping J TIMBER PLYWOOD SERVICE TO U.K./CONTINENT KKU S PORE PK LOADING FOR SMIBUMI SW Sid NTS/RDM/ANT/FLU/UK ANTONIS P LEMOS In Pt SETE/R DM/ANT/FLU/UK PIPITSA PETRAKIS li/t SETE/RDM/ANT/FLU/UK Load* Sabah/lndooetii MULTIPORT A6ENCIES (S) ®PTE. LTD. TEL: *****77 PAX: *****31 P.K. MULTIPORT SON BHD. TIL: W2M TLX: MA 3tT7t
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      145 36 REGULAR CONVEHTIOHAL SERVICES IS' pore P Kelang Loading for I KYRENIA 21/7 31/7 Antw/Rdm/UK/Nantas I SAMMI MANNA 2/1 S/l Antw/Rdm/UK/Nantes I FAYROUZ 1 15/1 IS* Yil/Antw/Rdm/UK I I S pore Loading for I I GLOBAL STAR 30/7 Dubai/Bahrain/Oamman/Kuwait I I HELENA OLDENOORFF 21/7 ieddah/Hodadah I I GLORY SKY IS/t Dubai/Bahram/Damman/Kuwait
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      658 36 PHILI-ORIENT LINES PTE LTD (The Complete NVOCC Package) m^aSFf^ 5 AUG MONTREAL OTTAWA. TORONTO, VANCOUVER, S-WESTERN ONTARIO. 07 it it v r«,n*. m.Mfa.t I CHARLESTON, CHICAGO, 27 JULY DUBAI OAMMAN KIJWAIT DOHA, I LONOON, THUNDER BAY, WINNIPEG, A.,r SffiEHs BAHRAIN ABU DHABI I REG IN A, SASKATOON, 9 AUG SHARJAH
      658 words
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      311 36 C tos, asfssussi WMIWffIBM ML—MI S'pori P. IWm| Pmm| QOLDER WONDER to Ptrt eOLOUI HAVCN Cotsnta/Karaeto/MM Mi A* MM Ml TUN SHAN Xaran/fukM a/* CHANGDO Pnr (Mtant/ttoMpv MflJ OUSHAH Xwnan/Fiaktu MOMQi 1» HMkM/StMßtoy WA* HAi row M/1S An| JIAN CHANC PMV fiMtmc/ttoMfpu X»«lf YUQING Huan«pwsiianoia> l«/» A* cAiAuwaivia A VESSEL
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      1631 37 PACIFIC INTERNATIONAL LINES (PTE) LTD M P ll Buttdtng, 140 Cecil Street ttXMX), Singapore I °6. HHIHHIHHEIIEEiEQiIEIIIEIiIIIISSBHiHHiHHHi I JAKARTA j BANGKOK j VUttl VOY SM JKT $M JJ«I V SIN BKK SIM EDEN 9023 2S/7 31/7 M KOTA NAOA 12N M/ 7 31/7 M DCLTA HAS 1888 28/7 30/7 S/0
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      1107 37 r BEN LINE CONTAINERS LTD 1 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT 0 VESSEL |VQY SPORE"" P KLANG"" S'HAMPTON HAMBURG" B'HAVEN ffDAM LHAVRE Tokio Express' 94/589 1/8 Via Ala 18/8 21/8 22/8 Katsuragi 01/590 1/8 27
      1,107 words
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      Page 37 Advertisements Column 3
      52 37 1^ mmm m WEEKLY HBO* FCL a/7 LCL tS/7 HONG KONG 6/8 I APIA (WESTERN SAMOA) 2/9 I PAGO PAGO (AMERICAN SAMOA) 3/9 I PAPEETE (TAHITI) 8/9 I RAROTONGA (COOK ISLANDS) 10/9 I i NUKUALOFA (TONGA) 13/9 I SAVU SAVU (FIJI) 15/9 I AGENTS: I BEN UNE AGENCIES (S) PTE
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      259 37 M MYANMA VI FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'por® P.KtUng Pen MERGUI VIOOW IN FT PAGAN Via* a/31 JUL ■YOHAVWA VUW II 1 AUC THE BANK UNE (A Mrvic* ot Andrew VMrMpptaf) SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I EXPRESS TO PAPUA NEW GUINEA "I MORAYBANK
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      732 40 INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND UN FIX BRV ROM ANT HBC RST W. UHRICMT 600 10 W 250 270 2*o PANAMA SEN WTC3I 70 300 310 1/1 30 50 T WtNDA CM 150 70 40 100 120 AMERICAN SEN WFB34 210
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      1152 40 CRYSTAL FREIGHT < CFS > SERVICES PTE LTD v TEL: *****88/*****22 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: U475M (12 Lines) Fax: *****88 Telex: CFBIN *****
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      236 40 LOADING TOO LOAMNG FOR BUENOS AIRES uriui ItfOM CM DM MIMS MVIMO MO m *IT PA6UA nsrwm 1* I** w ott m 22N w ifi q/I W 8C '/i® c Tsabel 27/1 V* iw rim mti* w V MM DISCHARGING FM BBAiIL ONLY srwt iMH HK Ml RUSAW YOK Ntt
      236 words
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      1311 40 fe t S 1 CHINA OCEAN SHIPPING COMPANY W -I 2, Ml ST RI ROAD, KMC BUILDING TEL: *****C0 iisoo. Singapore 0207 FULL CONTAINER LINER SERVICE tele* kmm icoship CR NO: U7S7UQOOOM FAX: Z261M8 General Agents: CXWTAK HUmNB FIB LID VESSELVOT Sg> FIX ROT HAM AWT PKK VESSELVm FLX ROT
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      727 41 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA All IPI Destns 3/8, 10/8 I EUROPE all Porto 4/8, 11/8 BANGKOK 2/8, 7/8 -HONGKONG/CHINA 31/7, 2/8 «YD, MEL, ADEL, BRIS 2/8, 11/8 f-REMANTLE 3/8, 12/8 JKANILA 3/8, 10/8 "PKLG/PENANG 29/7, 5/8 Part Katang Brancll Tal: *****21/2/3 Fax: *****24
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      246 41 STURCnBSnBES is) pte ltd St TEL: *****33 (12 Llnaa) m FAX: *****19/*****03 fH TELEX: R8 ***** RISHIP (3 Llnaa) pT\ ETHIOPIAN SHIPPING UNES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA iLOAOtNQ FOR SPOHE ABBAY WONZ 25W8 2VM OARESSALAAM MOMBASA. DJIBOUTI ASBAB. MA33AWA HOPEIOAM NETSANET JOWB
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      641 41 toakaaP T- MASKAPAI PELAYARAN P»PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OTTTORE, INOONESIA. MALAYSIA 6 THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS. 1 WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 i MMAPOU.t- WOOM»IA MRVtCK I VSL VOY SIN JKT
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      725 41 BANGKOK MANILA/CEBU 9» i i. I TT i i —IgaggftiKlFilllMWEM— |w I stmwwi I miwbk J MEKHANIK KURAKO 19N Fri In PI Moo 30/7 AAA Hi 300 M PI 2* <(8 SIR I BHUM# 457N Sat 8/7 Tw 31/7 SO ORIENT 31R *1 9)1 11/0 CMAIYA mum 07N Sun 29/7
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      256 41 TO AUSTRALIA/NEW ZEALAND I Htuna a [w ~m m m m I I C VDMKM a 1141 B» on M "5 m J «mwa »T|si m "5i "5 m *i I t»t DtwcaijiDi m ii ~m "ii «i 1* DATS TO •rPWKTI TO USA/CANADA SS& at an [iS "Sji m
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      1141 42 a i«C4lttl SINGAPORE 1 Eiftn til twmT| I m= ttiww"| TEL: (04) *****6 'TEL: (088) *****0 TAWAU TEL: (089) KELANQ TEL: (03) *****77 LJCHING'TEL (082) *****3 SKAN TEL: (089) *****2 rNrA^"I'J BAHRU TEL: (07) *****2 |SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 VZJW V 2-J (JAKARTA TEL: (21) *****7
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      Page 42 Advertisements Column 2
      494 42 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL ALCLfOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIT AUCK LYT PREMIER 07S M 7 Auf Via JIM. MAHSURI 0571 U Aug
      494 words
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      793 42 /SSI,THONG SOON LINES PTE. LTD. i NLX I 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: 337.2573 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING UNES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH una Iwt en won »oki wr m— jbt Z~ KIM SOON LI 30/90E 4
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      Page 42 Advertisements Column 4
      313 42 imAwiAN mvica I *iin|ipnri Loading farIRAN EKRAM IMPORT MVMM *1 IRAN SALEM MO Banter Abba* I pmm uh m nmm U. WEST CMST/mGS/CBmUL IMBBCO C9NTANER 818 MM U fJHOUM LXAMKMS ICWZ ■MBMIHL Hr|ii 3 S MTU HI P W 11,1 -M Ataa accaattni la othar Maxtcaa iaithnMam «f Z am
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      690 43 peruana IBEL DE VAPOREB "PERUVIAN STATE LINE" t ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, 110* ft OTHER PERUVIAN PORTS* I WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Pananf* P. Kalang Singapore j KAMALEVERETT In Pt/30 Jul 27/28 Jul I* THOBIASEVERETT 05/06 Au| 07/08 Aug J SHAPLAEVERETT 17/18
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      Page 43 Advertisements Column 2
      540 43 m is poat pAiwimw lux [kit Isav Inyc jwrx "I s»SSKa'S BSftuj s i:& a ism ig 8 as r* MM AMUAUA CttTJUiEI tOWtt VESSEL SPOKE I SYD I MLB IWt BUAM CARMEN CARINA t/l ~~22i 27/8 \p ZIM VCNEZIA 11/t i/S UV9 IV9 Kfl ZIM ELAT 30/1 20/7 |2M
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      Page 43 Advertisements Column 3
      590 43 MSING KWAN6 HANG ■■Hill 4 —WW irm LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 30/7 2/8 JENWEL I 1/8 I I 3/6 VESSEL SPORE BANGKOK A VESSEL 30/7 2/8 A VESSEL 1/8 3/8 OetTINATIOMS ETA SINGAPORE PORT KELANQ 3 AUG MANILA 30 JULY HONG KONG. ALL CHINA
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      Page 43 Advertisements Column 4
      517 43 WX PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE/PONTIANAK JAKARTA SURABAYA VSSStL VOY sm OKT SSY POMTIAHAK* PELOPOR 952 28A)7 31/07 TAN TO SEJATI 07 01/08 04/08 PELOPOR 963 04/08 07/08 TANTO SEJATI 09 06/08 11/08 TAN TO UTAMA 93 03/00 06/08 TANTO UTAMA 95 10/08 13/08 TANTO UTAMA 97
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      Page 43 Advertisements Column 5
      435 43 IIW FAI EAST 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 Huanepu Shenzhen;Fuzhou Xiamen/Xmgang/Shanghai MEUMPE/UK w T w 28/7 LDN/FLX/LVP/SOU 28/7 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Potand/Bulgaria/CztdL SIN WSA/CMIABA 30/7 LOS ANGELES/NEW YORK
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      417 44 >vT CB SHIPPING f®y MARINE SERVICES NORTH QUEENSLAND/PAPUA HEW GUIHEA SERVICES NOTICE OF REMOVAL Picas* be intofmad that we have moved to our new office premises at 5001 BEACH ROAD, #04-02 GOLDEN MILE COMPLEX SINGAPORE 071 on 28th July 1990 Our telephone and telefax have been changed as follows: TELEPHONE:
      417 words
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      Page 44 Advertisements Column 2
      414 44 rivr 1 ri iiiiH SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VEBBEL/VOY ETA SPORE NAPLES GENOA H.YICHEVBK MER3IN TRIESTE Y.M V.12-90W 31/7/90 29/8/90 20/8/90 24/8/90 A.N 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 26/8/90 21/9/90 12/9/90 17/9/90 K.S V.15-90W 28/8/90
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      Page 44 Advertisements Column 3
      294 44 ADKRIS BUSINESS IPSm CORPORATION PHILIPPINE DIRECT REGULAR SERVICES TO MANILA ft 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 2380 AUG ILIGAN/BISLIG GENERAL ACT: CALSOURCE SHIPPING ft TRADING PTE LTD. S3 ROBINSON RO.
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      Page 44 Advertisements Column 4
      620 44 J LCL/FCL TO/FROM ffß db PENANG—KL: allied-LINK SINGAPORE: m 04-*****2 *****8055 778 6522(22 lines) 1^ mmml tamca tt T PBm T FROM SOUTH EAST ASIA/ FAR EAST TO USG/BRAZIL/ARGENTINA MV NORTWEEN SIEVIK MV NORTVI/EEN NOVA ETA BUSAH 29/7 ETA SINGAPORE 13/8 FROM BRAZIL FROM ARGENTINA MY TBN MV CAP VILLANO
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      Page 44 Advertisements Column 5
      205 44 FCL/LCL SERVICES l MANILA ETA VKKHJR PACWC 11WB 2/B VIGOUR PACriC 12NB 12/« JAKARTA TANTO SEJATI (07) ETA: 1/1 SURABAYA TANTO UTAMA (93) ETA: 3/8 BANGKOK 3/8 10/8 BUSAN 5/8 10/8 HONGKONG 30/7 31/7 DURBAN 31/7 15/8 KEELUNG 29/7 5/8~ PT. LOUIS 31/7 15/8 PT. KELANG 3/8 10/8 KOBE 30/7
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      548 45 TIDES AND WEATHER TODAY'S HOCS (height in metres) HOW MM UN UN MM «M MM I7M HN MM 1M UN 12H UN 14M19M UN 17H1M UM an {in 2M ZM: JR 22 17 10 2.9 2.5 2.0 1.4 0.9 05 15 0.5 0.9 15 2.1 2.4 25 2.4 20 15
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  • Page 46 Advertisements
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      Page 46 Advertisements Column 1
      400 46 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL SHIPPING CORP., KARACHI. INDONESIA t 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 TNN SJCOREA JAPAN VESSEL BELAWAN PALEMBANQ P. BAHRU JAMBI TBN 28/7 INDONESIA
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      Page 46 Advertisements Column 2
      671 46 Ahyundai MERCHANT MARIE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOV I SIN I HKC LBH OAK SEA CHT FROM PSW VOY LRH OAK SEA HKC SIX HYUNDAI INNOVATOR 34E 21/07 02/00 20*0 23/ M HYUNDAI PIONEER W IljK Uf I*7 HYUNDAI EXPLORER BE M|R S|N WR
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      Page 46 Advertisements Column 3
      379 46 CHARTPOINTI Every Saturday in Business Times UK/CONTINENT (TRIO) Is*pom IrroN rauns nuvcM roMi ia n Pit*... n«maiii. Touoams m uji m ng ZZmZ.m u|Mil9H mmimci M V* n* a* a* a* u* ummiiniiHi. HAMUK HMUS M ZM M HA W ■emux* ij» v» v» MEDITERRANEAN (MED CLUB)* JEDDAH |H^H llwitl
      379 words