The Business Times, 3 August 1990

Microfilm: NL17094
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Friday August 3 1990 75*
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  • NEWS SUMMARY
    • Article
      US factory orders down 1.5pc
      59 1 US FACTORY ORDERS fell 1.5 per cent in June to a seasonally adjusted U*****.4 billion, the US Commerce Department said yesterday, primarily because of a sharp drop in orders for military goods including aircraft. The June drop in total orders was steeper than forecast by
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    • Article
      Japanese move
      28 1 TWO MAJOR Japanese companies, one engaged in food and the other in electronics, have picked Singapore to be the site of new production facilities. Page 2
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    • Article
      Labour shortage
      20 1 MAJOR industrial areas and free trade zones in Malaysia are being hit by acute labour shortages Page 7
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    • Article
      Probe into arms fraud
      23 1 AUSTRALIAN defence contracts frauds involving millions of dollars are currently being investigated by a special task force Page 7
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    • Article
      Gatt raps Tokyo
      21 1 JAPAN has many barriers to the importation of foreign goods, Gatt has charged in a report Page 9
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    • Article
      Soviet-Korean talks
      30 1 THE Soviet Union and South Korea were scheduled to open talks in Moscow yesterday which Soviet officials say would focus on widening trade and economic ties Page 9
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    • Article
      Reliving hell
      25 1 IN A newly translated novel and a collection of prose and poetry on Hiroshima, Japanese writers grapple with their own experiences. Page 19
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    • Article
      P&O boosts presence
      22 1 UK-BASED Peninsular and Oriental Steamship Navigation Co is strongly boosting its presence in the Asia-Pacific. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow Jones lower
      41 1 NEW YORK stock prices suffered a broad setback yesterday morning as news of Iraq's invasion of Kuwait jolted markets around the world. The Dow Jones Industrial Average fell 20.30 points to 2,878.96 in the first hour of trading.
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    • Article
      Footsie higher
      39 1 LONDON share prices fell sharply at midday yesterday on inflation fears following the Iraqi invasion of Kuwait. At about 1115 GMT, the Financial Times-Stock Exchange 100-Share Index was down 25.9 points, or 1.1 per cent, at 2,313.1.
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    • Article
      S'wang chief's plans
      13 1 SEMBAWANG's chief executive officer-designate spells out his mission Page 3
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    • Article
      FELS optimistic
      22 1 FAR EAST Levingston, which turned in a profit of $14.11 million at half-time, expects even better second-half results Page 3
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    • Article
      NOL to buy stake
      30 1 NATIONAL CARRIER Neptune Orient Lines is to acquire a 40 per cent stake in a major domestic carrier in the Philippines for $3.3 million. Page 3
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    • Article
      Bright outlook for ICB
      19 1 ICB is set for a record year with a big jump in earnings. Pate 6
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    • Article, Illustration
      STOCK INDICES
      30 1 Thursday Change BT-MGA 7%. 54 -14.89 Kuala Lumpur ....622.77 -9.45 Hongkong 3,415.18 -53.46 Tokyo 30,245.18 -592.81 Sydney 1,616.6 +29.7 WdaoAqr Change New York 2,899.26 -5.94 London 2,339.0 +12.8
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    • Article
      CURRENCIES
      21 1 Fudiang* rates US$ SS1.8100 Yen SS1.2I3I M$ SS0.6698 MiMjF market rates Overnight 6 1/4 +2 1/4 3-montti 7 1/8 1/8
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    • Article
      COMMODITIES
      36 1 London Gold PM fix US$380.70 US$10.05 S'pore Sep 154.75*/kg +0.25 bTsia Sep M233.00 */kg +0.50 KL Tin Turnover....... 73 tonnes +25 Spot M$16.40/kg unch Crodo palm ol Turnover 349 lots -504 Aug M$660 /tonne -3
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  • Article
    Two-pronged drive to boost research and development
    416 1  -  By Yong Pow Ang IN A two-pronged approach to boosting research and development (R&D) activities in Singapore, the government is setting up a new statutory board and planning a science habitat to attract researchers and scientists from all over the world. Announcing the
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  • Article, Illustration
    Lock icon Emir flees, pro-Baghdad regime set up
    344 1 Iraqi invasion of Kuwait Agencies IRAQI TROOPS and tank* invaded Kuwait yesterday, capturing key installations and installing a pro-Baghdad "free government". The Emir of the oil-rich Gulf state, Sheikh Jaber alAhmed al-Sabah, managed to escape to neighbouring Saudi Arabia, Western diplomats said. Explosions and
    Agencies  -  344 words
  • Article
    Regional markets hammered
    242 1 NEWS OF the Iraqi invasion of Kuwait drove share prices in most regional stock markets sharply downwards yesterday. In Tokyo, the Nikkei index closed 592.81 points lower at 30,245.18. The index had dropped by as much as 700 points by mid-afternoon but picked up later. Turnover, however,
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  • Article
    S'pore condemns invasion
    71 1 SINGAPORE has straggly condemned Iraq's invasion of Kuwait, warning that the hostile act is a threat to the security of small states everywhere. A Ministry of Foreign Affairs statement released yesterday called for the "immediate and unconditional withdrawal of foreign forces from Kuwait". The ministry urged Iraq
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  • Article
    Gold, oil prices and US$ up
    263 1 GOLD and oil prices soared while the US dollar climbed sharply higher against major currencies in a day of hectic trading as markets reacted to news of Iraq's invasion of Kuwait. In London, gold shot up US$7 in early trade and at one point
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  • Article, Illustration
    DBS Land and SSL in Johor leisure venture
    265 1  -  By William Chia STRAITS Steamship Land (SSL) and DBS Land are moving into the booming leisure resort business across the Causeway in a big way. SSL and DBS Land announced yesterday that together with Singapore company Lee Rubber and three Malaysian companies,
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  • Article
    Government yet to pick vehicle for HK investments
    246 1  -  By Lee Han Shih THE GOVERNMENT is looking into investing in Hongkong, but has yet to decide whether such ventures should be taken by the Government of Singapore Investment Corporation (GIQ or the state-owned investment company, the Temasek group. This was revealed
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      Page 1 Advertisements Column 1
      342 1 iSQoiiUl. OF LONDON \\lllsllv' iiiiU'iiiN i .tshu'ii W.ik'lio l\>\.kc' I IJlllU'ls I MXllllVC '111 Sols /\.'K' V'» /><>//>' I uri t<>r a I ret' I'tilu/otiui' t'iuJu\ Anton 4 Tan Aqencies Pie Ltd Tel 272-1143 APEC ON RIGHT TRACK 10 AN IRON-CLAD FAITH 11 COMPUTER GIANTS FACE CRISIS 12 Arcraft Schedule
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      128 1 ripisin Quadruple Zoom-f Auto Two-Cokx. More reports, Pg 8 Editorial, Pg 10 H Join us at the top. Enjoy the best Beijing cuisines specially prepared by our master Hi chef. All yours to savour, amidst the srand Hj| S9F panorama of the city and southern islands, H~~ N| WW the
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      5 1 -lr More report*, fj| 2
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        VITB sets up health care training advisory body
        112 2 GREATER demand for health-care services has led the Vocational Industrial Training Board to form a committee to advise on the certification and training of ward and clinic assistants. The Health Care Training Advisory Committee (TAC) is the third such group set up
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      • Article
        More funds to buy local art
        105 2 THE GOVERNMENT will be doubling its yearly allocation for the purchase of local works of art by the National Museum from $360,000 to $720,000 from this year. This was announced by Dr Seet Ai Mee, Minister of State (Ministry of Community Development and Ministry
        105 words
      • Article
        S'pore to host conference
        47 2 SINGAPORE will host Asia's first international exhibition and conference on environmental protection and control in June next year. The four-day event is expected to attract more than 200 exhibitors from 12 countries. The conference will focus on environmental management in the year 2000.
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      • Article
        Another McDonald's outlet
        56 2 MCDONALD'S is opening its second restaurant this year at Chinatown Point, bringing the total number of outlets to 33. The ground-floor Chinatown Point outlet has a seating capacity of more than 120. "Chinatown is a thriving blend of old and new. It is the perfect location," said
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      • Article
        Telecom trying out POAS
        90 2 SINGAPORE Telecom is in the midst of a six-month trial of the Public Office Automation System (POAS). According to Keylines, a Telecom publication, the trial began in May and involves some 400 organisations, among them Singapore Polytechnic and the National Computer Board. POAS is a joint
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      • Article
        Winners of S'pore Star Award
        71 2 THE SINGAPORE Manufacturers' Association has announced the winners of the S'pore Star/Asia Star Award, a packaging design competition organised by the Packaging Council of Singapore. The winning entry in the consumer packaging category was Pokka Corporation for its Southern Cross Mooncakes box. In the transport
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    • Article
      Toshiba S'pore to make colour display monitors
      359 2  -  By Claire Leow TOSHIBA Singapore has been chosen as Toshiba Corporation's first overseas plant to manufacture colour display monitors for computer terminals. Previously, only Fukaya Works near Tokyo made the monitors. Toshiba Corporation announced last week that the need to meet worldwide demand
      359 words
    • Article
      Japanese food maker using S'pore as regional base
      304 2 A JAPANESE food manufacturer is using Singapore, where it has located its first overseas plant, as the regional base to produce process oils for foods and other new products. Asahi Denka Kogyo KK's $15-million factory at Pandan Loop is a joint venture
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    • Article, Illustration
      Singapore school in HK under study
      397 2  -  'Hongkong Building for the Future' seminar By Anne Lee THE GOVERNMENT is conducting a feasibility study on setting up a Singapore school in Hongkong tor the children of Singapore expatriates there, Brigadier-General (Res) George Yeo said yesterday. BG Yeo said some 6,000 Singaporeans are
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    • Article
      Govt-linked firms in best position to invest in HK
      196 2 IT IS the government-linked companies in Singapore that have the best capability to invest in Hongkong, if a guest list drawn up by the Economic Development Board is anything to go by. Of the 200 people invited to an EDB-organised seminar
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      150 2 r I O It g HI II W* Vjfl 4 Wk Jfc' JJ£L I 1 k» .A, Hf ~nr»' Mm IWI JOHtii.. P! k <fli i wf C, j FfPsßMM*a& Fully imported originals from Italy. Outstanding sofa fine by Upholstery in Ist grade aniline leather. You can rest assured and
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Ng Pock Too has MNC plans for the Sembawang group
      612 3  -  By Linda Chee NG POCK TOO, chief exec-utive-designate of the Sembawang group, has spelt out his mission in the company to make it a homegrown multinational corporation with diversified businesses in the region and worldwide. Shiprepair and marine activities will
      612 words
    • Article
      NOL to buy 40pc stake in Lorenzo
      182 3 NEPTUNE Orient Lines is to acquire a 40 per cent stake in a major domestic carrier in the Philippines for $3.3 million. With its stake in Lorenzo Shipping, NOL will be the first major carrier to enter the Philippines domestic container transport market.
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    • COMPANY BRIEFS
      • Article
        Tong Meng profit takes a tumble to M$137,000
        100 3 TONG MENG Industries Bhd, the listed vehicle of Malaysiair' banker Tan Sri Teh Hong Piow, reported yesterday group after tax profit of M$ 137,000 (MS 192,000) on turnover of M 52.77 million (M 52.89 million) for the six months ended- June 30,
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      • Article
        Seacorp to widen earnings base
        172 3 SOUTH EAST ASIA Development Corporation Bhd (Seacorp) intends to diversify its earnings base by making strategic investment in prime properties, chairman Datuk Syed Alhady said in the company's latest annual report. He added that Seacorp would also seek investment opportunities in financial sectors which would
        172 words
      • Article
        MPI makes profit forecasts
        137 3 MALAYSIA Pacific Industries Bhd has forecast a group pre-tax profit after minority interests of M 527.5 million and- Ms 42 million for the years ending June 30, 1990 and 1991* respectively. The forecast for the current year takes into account the net proceeds of the company's
        137 words
    • Article, Illustration
      FELS posts 33.5pc rise in group profit to $14.11 million
      403 3  -  By AJ Leow SPECIALIST ship and rig builder Far East Levingston Shipbuilding (FELS) has posted a 33.S per cent rise in group after-tax profit to $14.11 million for the interim six months ended June 30. Its buoyant results came as
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    • Article
      Evergo bid: minorities hold the cards
      664 3  -  THE HOCK LOCK SIEW COLUMN By Catherine Ong ARE THE Lau brothers, the enfants terribles of the Hongkong stock market, finally going to get a taste of their own medicine or will they prove once again that they are the invincible masters of the
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    • Article
      SML chalks up after-tax profit of $8m
      265 3 UNDERPINNED by its successful diversification into related marine businesses over the last couple of years, Sembawang Maritime Ltd (SML) has chalked up a healthy group after-tax profit of $8.11 million in the first six months of 1990. This figure, which surpasses market expectations,
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Inco Ltd's first half profits down by 50pc
        86 4 INCO LTD's Indonesian nickel mining subsidiary's earnings for the six months to June 30 halved to US$4l.7 million from US$B9.2 million in the same period in 1989. The company said the fall, which took earnings per share to 17 cents compared to
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      • Article
        ANA to fly Nagoya-Honolulu
        83 4 ALL NIPPON Airways Co Ltd (ANA) plans to operate 'flights between Nagoya in central Japan and Honolulu by mid-1991. ANA plans to operate three flights a week using Boeing 747 aircraft, but it declined to specify the number of passenger seats. Japan Air Lines Co Ltd
        83 words
      • Article
        Car transmissions joint venture
        98 4 MAZDA MOTOR Corp will set up a joint venture with Thai investors and Tomen Corp, a Japanese trading house, to produce car transmissions in Thailand. Sukosol and Mazda Engineering Co Ltd, capitalised at 393 million baht, will be owned 40 per cent by Mazda, 9 per
        98 words
      • Article
        Fuji expected to post loss
        99 4 FUJI HEAVY Industries Ltd, the ailing maker of Subaru cars, is expected to post a parent operating loss of at least 20 billion yen in the year ending March 31, 1991, after a 29.63 billion loss in 1989/90, industry analysts said. "Its business in the
        99 words
      • Article
        Japanese retailers in USSR
        77 4 SjtOKYO MARUICHI Shoji Co, a Tokyo-based trading Hjompany, said it would set up retail shops in the Soviet Far □East to sell Japanese merchandise. Maruichi has agreed [jwith the local governments of Khabarovsk and Primorski [4p set up SO-SO joint ventures. The first joint venture shop
        77 words
      • Article
        Toyota-Fujitsu in joint venture
        74 4 ♦TOYOTA MOTOR Corp has agreed with Fujitsu Ltd, a Jop Japanese computer maker, to set up a joint venture to Bevelop and market computer engineering software. The Bew company, Toyota System Research Inc, will be based pi Nagoya, and capitalised at 300 million yen. Toyota will
        74 words
    • Article
      Lock icon Chemicals maker plans to step up Asian activities
      541 4 Reuter AKZO NV is planning to build up its interests in East Asia as it strives to become a major player in the world's chemical market. "If East Asia represents 30 per cent of the world market, we cannot be satisfied with
      Reuter  -  541 words
    • Article
      Pokphand boosts its agricultural business
      372 4 C P POKPHAND, a subsidiary of the largest agrotech multinational company in this region the CP Group of Thailand, is examining the possibility of listing its shares on other international share markets following the regional expansion of its agricultural business in two deals worth HKSS6I.S
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    • Article
      Smelting company Thaisarco plans to diversify
      335 4 THAILAND Smelting and Refining Co (Thaisarco), a Thai mineral unit of the An-glo-Dutch Shell Group, will embark on business diversification and import plans to boost its revenue, according to The Nation. The revenue had fallen this year because of the slump in tin and
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    • Article
      Harriman profit climbs to HK$35m
      279 4 HARRIMAN Holdings, which last week became the target of a tentative HKss3.Bo per share privatisation offer from its parent Hongkong Realty and Trust Co, earlier this week reported a 45 per cent improvement in profit before extraordinary items, to HKss3s.6 million from HKSS24.S million. Earnings
      279 words
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      Page 4 Advertisements Column 1
      96 4 Anyone who has been a passenger on our Royal First Class or Royal Executive Class will know what royal treatment is like, and it's not just because of the spacious cabins and wide comfortable seals. It's the natural warmth and gracious hospitality of our inflight service that makes a pleasant
      96 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon IBM spins off typewriter, printer arm
      542 5 FT INTERNATIONAL Business Machines (IBM) is to spin off its typewriter, keyboard and personal printer businesses into a new company in which it will take a minority stake in a deal said to be worth US$2 billion. The majority owner will be Clayton and
      FT  -  542 words
    • Article, Illustration
      Lock icon Parretti gives up plan to buy Pathe Cinema
      407 5 Reuter FRENCH film group Pathe Cinema, prize in a two-year battle for control, ended up in French hands on Wednesday after Italian businessman Giancarlo Parretti gave up his designs on the company. Pathe-Cinema board director Jean-Rene Poillot said that Parretti had agreed
      Reuter  -  407 words
    • Article
      Lock icon Lafarge takes steps to protect minority holders
      234 5 Reuter FRENCH cement maker Lafarge Coppee is taking steps to ensure that, in the event of a takeover bid, minority shareholders in the group's foreign subsidiaries would benefit from terms similar to those offered for the parent company. The commitment was aimed at
      Reuter  -  234 words
    • Article
      Lock icon New GM head sets management agenda
      476 5 Reuter GENERAL Motors Corp's new chairman, Robert Stempel, has said the carmaker will become more customer and product-oriented under his leadership and announced a streamlined corporate chain of command designed to facilitate these changes. "There is a definite effort to reduce the layers of
      Reuter  -  476 words
    • Article
      Lock icon U Carbide rejects petitions
      296 5 AFP UNION CARBIDE'S counsel in India has said that oourt petitions challenging a US$47O million settlement over the 1984 Bhopal gas disaster are untenable. Lawyer Fali Nariman has defended the settlement reached with the Indian government in February 1989 as "just both in law and equity"
      AFP  -  296 words
    • COMPANY BRIEFS
      • Article
        Casio to set up branch offices in E Europe
        88 5 CASIO COMPUTER Co Ltd will establish branch offices in West Berlin and Hungary in September to strengthen its sales network in eastern Europe. Casio Computer Co GmbH (Deutschland), the firm's sales unit in West Germany, will set up a branch office
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      • Article
        Siemens unit under supervision
        74 5 ADVANCED NUCLEAR Fuels GmbH, a unit of West German electronics giant Siemens AG, is beinp placed under the direct control of EC supervisors after mistakenly sending two containers of enriched uranium to the US, the European Commission said. It is the first time the Commission has
        74 words
      • Article
        Henkel interested in takeover
        105 5 WEST GERMAN applied chemicals maker Henkel KGaA said it wants to take over two East German washing powder makers. Management board member Juergen Seidler told reporters that Henkel planned to buy Genthin GmbH, which employs 1,600 and holds 80 per cent of East Germany's washing powder
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      • Article
        Unilever talks continuing
        49 5 UNILEVER PLC-NV is continuing negotiations for the sale of of its UniMills oilseed crushing plant at Erith in south-east England. Erith Oilworks, a subsidiary of UniMills International, has changed its name to Erith Oilworks Trading in preparation for the sale. Unilever declined to give further details.
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  • Page 5 Advertisements
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      224 5 JM P I When it' s t >/o X"' \o. M. >* p I J l a) J >nJ p. X<!» V i Pinseeker* i TTw Go* Clut Corrvmryy fc If you want your golf to look as slick as an Armani suit, then it's time you tried Pin seeker
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        Call to review room rates
        83 6 THE Bank of Thailand has expressed concern over the high I*o9ol rates quoted by some hoteliers for the World Bank/IMF meeting next year and has strongly urged the Thai Hotels Association to review the charges. Central bank assistant governor and assistant director of the WB/IMF
        83 words
      • Article
        Taiwanese bank assets up 35pc
        73 6 TOTAL assets of Taiwan's offshore banking units amounted to U5517.34 billion in the first half of 1990, up 35 per cent over the same period last year, the central bank said. Eleven local and 15 foreign banks have joined Taiwan's offshore banking units system since
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      • Article
        ADB approves Indon grants
        77 6 THE Asian Development Bank (ADB) announced on Wednesday the approval of more than US$ 1 million in grants to Indonesia for the improvement of fiscal planning and a tree-crop study. A technical assistance grant of USSS2I,(XX) will be used to help Jakarta upgrade the information system
        77 words
    • Article, Illustration
      ICB set for record year with big jump in earnings
      427 6  -  By Magdalene Ng INDUSTRIAL Commercial Bank (ICB), a subsidiary of United Overseas Bank, is poised to set record earnings this year judging from the 64 per cent jump in interim post-tax profits to $18.3 million for the six months ended
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    • Article
      Lock icon Chicago Board of Trade chief resigns
      401 6 Reuter THE chairman of the Chicago Board of Trade resigned on Wednesday in the latest shock to hit the world's largest futures exchange after his own brokerage firm faced fraud charges. Karsten "Cash" Mahlmann's resignation is unlikely to affect day-to-day operations at the exchange,
      Reuter  -  401 words
    • Article
      Thai bank branches in EC not feasible
      206 6 THE Bank of Thailand has no" policy of supporting Thai commercial banks opening branches in the European Community, claiming it is not feasible. Bank of Thailand governor Chavalit Thanachanan said Thai banks would only dq' minor business while major (rade would be controlled
      206 words
    • Article
      Lock icon Interest rate cut justified
      640 6 Easier Aussie monetary policy Reuter THE Reserve Bank of Australia's (RBA) move to cut interest rates for the fourth time this year sent markets into a frenzy but is justified, economists said. "I think it has been obvious for the last three or four months that
      Reuter  -  640 words
    • Article
      Lock icon Govt will review policy if needed
      305 6 Reuter AUSTRALIAN Treasurer Paul Keating said the government would review monetary policy again when a further softening in the economy was evident. He told journalists: "We think it's important that people understand that we are not trying to recess the economy. We still have
      Reuter  -  305 words
    • Article, Illustration
      Dublin-based software firm to set up support centre here
      400 6  -  By David Chew KINDLE LTD, a banking and financial software company based in Dublin, Ireland, is to set up a marketing and support centre in Singapore to promote the wider use of its flagship product, "Bankmaster" throughout the region. Its marketing
      400 words
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      243 6 First to offer the MBA part-time. First to offer the MBA by distance learning. Entry Criteria For direct entry, you need an honours degree plus at least three years' management experience OR degree equivalent professional qualifications and at least five years' relevant experience Application The date for the 31st August
      243 words
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      Page 6 Advertisements Column 2
      91 6 EH Capricorn Music Pte Ltl now Japj Official Distributor of Uv Naxos, Donau Marco Polo Classical Compact Discs Cassettes J Introductory Offer: Naxos S$ 13.90 W Zußr m range available) (All compact discs DDD) m—»—<y Digital recordings HH| Marco Polo Ippolitov-Ivanov: Symphony No. 1 (8.*****7) Balakircv-Chopin Suite, Overtures (8.*****4) Ottorino
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  • Page 6 Miscellaneous
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  • THE REGION
    • Article, Illustration
      Lock icon Li Peng likely to sign trade accord during Indonesian visit
      402 7 Bernama CHINESE Prime Minister Li Peng is expected to sign a bilateral trade agreement with Indonesia during his official visit to the country next week to mark the normalisation of diplomatic ties between the two countries. Foreign Minister Ali Alatas
      Bernama  -  402 words
    • Article
      Call for Chinese office to promote trade with HK
      298 7 A SENIOR Hongkong businessman has called on China to establish a special office in Hongkong to further facilitate bilateral trade and investment, according to the South China Morning Post. The call from toymaker Kader Industrial Co's chairman Mr Dennis Ting HokShou
      298 words
    • Article
      Lock icon M'sian industrial zones hit by labour shortage
      479 7 MBT MAJOR industrial areas and free trade zones in Malaysia are being hit by acute labour shortages. Employers said that unless existing restrictions on employment are lifted, manufacturing operations in these areas will be adversely affected. Malaysian Employers Federation (MEF) president Datuk Dr
      MBT  -  479 words
    • Article
      Australia's defence contract frauds under inquiry
      262 7  -  By Harish Mehta AUSTRALIA'S defence contract frauds running into millions of dollars are being investigated by the Department of Defence and the Federal Police, in a bid to probe the country's defence contracting system. The investigation was launched last October but remained secret until
      262 words
    • NOTE BOOK
      • Article
        Rise in inflation no cause for concern: Daim
        92 7 THE MALAYSIAN government is aware that inflationaiy pressures are building up in the economy but feels inflation is under control and that there is no cause for concern, Finance Minister Datuk Paduka Daim Zainuddin said on Wednesday. He said inflation is inevitable
        92 words
      • Article
        HK satellite TV delayed
        69 7 THE BIRTH of a satellite television industry in Hongkong was delayed and thrown into doubt on Wednesday when the government announced that it was drafting regulations on the use of satellites. Communications officials said they were devising a framework to regulate the use of a single
        69 words
      • Article
        Call to cut transport spending
        75 7 THE JAKARTA government appealed to the Indonesian people on Wednesday to restrain spending on transportation and help fight inflation, which hit an alarming monthly rate of 2.2 per cent in July. Information Minister Harmoko said after a Cabinet meeting that the July figure was the
        75 words
      • Article
        Indon plant starts production
        55 7 INDONESIA'S first paraxylene plant built with an investment of US$4OO million started commercial production yesterday. The spokesman for Pertamina's Processing Unit IV Sofwan Adnan said the plant's annual output will include 270,000 tonnes of paraxylene, 123,000 tonnes of benzene, 23,000 tonnes of liquefied petroleum gas (LPG),
        55 words
      • Article
        Common strategies urged
        45 7 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad, on a five-day official visit to Venezuela, has urged countries of the south to evolve common strategies in dealing with the north and to collectively seek to negotiate a more favourable global economic environment.
        45 words
      • Article
        Foreign firms in Rangoon
        43 7 MORE THAN 50 foreign companies are now represented in Rangoon, according to an official radio broadcast monitored in Bangkok on Wednesday. Radio Rangoon said 53 foreign firms had opened offices in the Burmese capital, but gave no further details.
        43 words
      • Article
        Alleged Soviet deliveries
        54 7 THE SOVIET UNION last month delivered tanks and* helicopters to Cambodia's pro-Vietnamese government, guerilla group fighting Phnom Penh said in a radio broadcast monitored in Bangkok yesterday. Prince Norodoni Sihanouk's group, citing "secret sources" inside Cambodia, said the delivery included 15 T-54 battle tanks, three MKe helicopters
        54 words
      • Article
        Indian PM fires deputy
        60 7 INDIAN Prime Minister Vishwanath Pratap Singh, hoping to end a two-week crisis that cast doubts over whether bis young government could survive, fired his outspoken deputy late on Wednesday. Indian reporters were summoned at' midnight for the announcement that Devi Lai had been dismissed by the
        60 words
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      Page 7 Advertisements Column 1
      50 7 ll^ 'This Pen Has a Story To Tell. Yours.' ef<st2^it/lOflL PARIS > t PTE LTD PARIS #24-07 Orchard Towers, Singapore 0923. Tel: *****22 (121ines) Boutique: #02-07 Wisma Atria. Tel: *****93. Comers: Level 1 Halley's Departmental Store Level 2 Galeries Lafayette Liat Tower. Also available at leading Department Stores and Authorised
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  • THE WORLD 1
    • Article
      Lock icon Baghdad condemned, higher oil prices expected
      615 8 Iraqi invasion of Kuwait Reuter WORLD POWERS alarmed by Iraq's invasion and takeover of Kuwait yesterday condemned Baghdad's military thrust as a grave threat to peace and braced for an economic shock of rising oil prices. The UN Security Council met in a rare
      Reuter  -  615 words
    • Article, Illustration
      Lock icon Saddam continues to lead with iron fist
      588 8 Reuter IRAQ'S iron-fisted President Saddam Hussein, whose troops invaded neighbouring Kuwait yesterday, is no stranger to ruthless action. In 1980, he ordered the invasion of Iran that led to an eight-year war. After the ceasefire, he alarmed the West with bellicose rhetoric and
      Reuter  -  588 words
    • Article
      Lock icon Uncertainty surrounds Gulf financial markets
      545 8 AP, Reuter GULF financial markets were plunged into chaos on yesterday after Iraq invaded Kuwait, one of the world's richest countries and biggest single investors in Western markets. "Everyone is borrowing what they can to cover themselves," said one senior foreign exchange dealer in Saudi
      AP,; Reuter  -  545 words
    • Article
      Lock icon Gatt points to Japan's many trade barriers
      593 9 AFP JAPAN erects many barriers to the importation of foreign goods through the use of complex trade policies, the General Agreement on Tariffs and Trade said in a report released in Geneva yesterday. It recognised that Tokyo had made progress to open access
      AFP  -  593 words
    • Article, Illustration
      Lock icon Tokyo to ease curbs on foreign telecoms firms
      375 9 Reuter JAfAN has agreed to open up its telecommunications market further to foreign companies, just beating an Aug 1 deadline for possible US retaliation. Officials in Washington said the tentative agreement, expected to be signed in Tokyo yesterday, should pave the way
      Reuter  -  375 words
    • Article
      Lock icon Germanys sign joint election agreement
      234 9 Reuter EAST and West Germany signed an accord yesterday to hold unity elections in December under Bonn voting rules modified to give small East German parties a better chance of entering Parliament. Thfe pact, signed in East Berlin by West German Interior Minister Wolfgang Schaeuble
      Reuter  -  234 words
    • Article
      Lock icon Trinidad coup plotters surrender
      260 9 AP COUP LEADER Abu Bakr and 112 militant followers surrendered on Wednesday and freed 46 hostages they seized six days before in a failed bid to overthrow the government of Trinidad and Tobago, officials said. Winston Dookeran, the Deputy Prime Minister, said in Port of Spain
      AP  -  260 words
    • Article
      Germans gear up for US pullout
      462 9 Real estate will be available for development WEST GERMANS are getting out their calculators as they ponder the economic aspects of large-scale foreign troop pullouts over the next few years. West Germany's mighty economy is expected to benefit as real estate now used by
      462 words
    • Article
      Lock icon South Korean team in Moscow for economic talks
      295 9 Reuter THE SOVIET UNION and South Korea, edging towards a new relationship after decades of hostility, were scheduled to open talks in Moscow yesterday which Moscow officials say will focus on widening trade and economic links. A Seoul government delegation arrived in
      Reuter  -  295 words
    • WORLD WATCH
      • Article
        Bush to back 25pc defence cuts
        105 9 US PRESIDENT George Bush will back a 25 per cent reduction in US armed forces over the coming years amid lessened superpower tensions, say administration and Pentagon sources. Mr Bush was set to make the proposal in a speech yesterday in Aspen, Colorado, as
        105 words
      • Article
        EC bid to boost product image
        81 9 THE EUROPEAN COMMUNITY has launched a campaign to improve the image of European goods among Japanese consumers to try to reduce the ECs US$2O billion annual trade deficit with Japan. The European Commission said on Wednesday that the three-year programme would also help companies
        81 words
      • Article
        Nuclear pact sought
        68 9 THE EUROPEAN COMMISSION wants to negotiate a nuclear cooperation accord with the Soviet Union covering technology, security and trade. EC sources in Brussels said on Wednesday that those areas were already covered in an EC-Soviet trade and cooperation agreement, which came into effect in April. But after
        68 words
      • Article
        Seoul to issue border passes
        92 9 SOUTH KOREA is to issue passes to any individual or group wishing to visit North Korea through the border village of Panmunjom if North Korea assures their safe return. National Unification Minister Hong Sung-Chul said in Seoul yesterday that the travel passes would be issued
        92 words
      • Article
        Common market planned
        62 9 OFFICIALS of four South American countries have announced plans to create a common market modelled after Europe's and a free trade zone by 1995. At a meeting in Brasilia on Wednesday, the financial and foreign ministers of Brazil, Argentina, Chile and Uruguay also agreed to incorporate Paraguay
        62 words
      • Article
        Warsaw letter for IMF
        67 9 THE POLISH GOVERNMENT has just approved a letter of intent to be sent to the International Monetary Fund detailing its main economic goals for the second half of the year. An informed source said in Warsaw on Wednesday that the letter was signed by Finance Minister
        67 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1178 8 Ckbmicalßaik Chemical Banking Corporation and Subsidiaries Head Office: 277 Park Avenue, New York, *****. Consolidated Balance Sheet Consolidated Statement of Income December 31 (In millions US$, Year Ended December 31 On millions, US$) 1989 1988 except per share data) 1989 1988 1987 Cash'and Due from Banks 4,804 4,743 $4,911.4 $4,631.3
      1,178 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      45 9 Furnished Excuttve Room/Table space available for long/short term lease. To serve you better, we offer Business Package conference facilities. Other Secretarial Services: Business package $25, Include Answering, Registration Address, Telex, Fax. Word Processing. Accounting. Income Tax. etc. Royal Management Services Peninsula Plaza *06-17 Tel: *****11
      45 words
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      Page 9 Advertisements Column 2
      342 9 Open Tomorrow! DontMssH! made in ]ritvnesia EXHIBITION AND TRADE FAlR^rtgm World Trade Centre, 4 12 August 1990 Open for public from 10.00 to 22.00 (except 6, 7, 8 and 10 August 1990 from 10.00 14.00 For business visitors only). A great range of Indonesian potential products and commodities can be
      342 words
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  • Article
    Stop this criminal act
    492 10 EDITORIAL IRAQ'S regional ambitions are not new. What is startling is the crude simplicity of the first step it has taken towards realising them. Transforming an economic dispute with Kuwait into a military one, Baghdad yesterday simply invaded its small neighbour, reportedly forcing the Emir to
    492 words
  • WHAT THE OTHERS SAY
    • Article
      Carribean combustion
      243 10 THE coup attempt in Trinidad and Tobago is not yet over although Prime Minister Arthur Robinson was freed on Tuesday, five days after the Muslim rebel group, Jamaat Muslimeen, struck and took him hostage. Even when a breakthrough in the imbroglio is achieved, it will only be a
      243 words
    • Article
      The right perspective
      116 10 MANY TOWN councils have declined to throw the book at litterbugs in Housing and Development Board estates. Their response is not surprising. They want their relationship with residents to remain as cordial as possible. But undue concern for residents' sensibilities will only hurt them in the long
      116 words
    • Article
      No new members for now
      129 10 THE two-day A pec Ministerial Meeting this week has achieved considerable consensus on a spectrum of economic issues. Still, it is too early to know for sure how A pec with 12 disparate members ranging from the US and Japan to the six Asean members
      129 words
  • REGIONAL VIEWPOINTS
    • Article
      Bitter pill, sweet success
      181 10 VERY pleasant news indeed, the estimation by the Malaysian Institute of Economic Research that the country's economy grew by more than 10 per cent in each of the first two quarters of the year. In the flush of this resurgence in the nation's prosperity, many Malaysians
      181 words
    • Article
      More cohesion needed
      118 10 MANY issues remain to be settled before an all-em-bracing security cooperation framework can be put in place in the Asia-Pacific region. That also means that Asean, and especially Indonesia, will have to work harder in order to transform South-east Asia into a more cohesive sub-region marked by
      118 words
    • Article
      Where are the leaders?
      168 10 LAST October, the Governor (of Hongkong) set the theme for the Legislative Council session which has just ended with a plea for leadership. In 1991, the businessmen who are part-time legislators will be rubbing shoulders with highly committed politicians elected by popular choice, and that will
      168 words
  • Article, Illustration
    On the right track
    995 10  -  The second ministerial meeting of the Asia-Pacific Economic Cooperation forum was held in Singapore earlier this week. BT's Economics Correspondent Kenneth James assesses the outcome Kenneth James TRY picturing "the promise of Asia-Pacif-ic Economic Cooperation"; the abstraction is appealing but not particularly exciting. Now picture 21
    995 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      100 10 KNOW THE NEWS CONTEST lanvin I P A. R Designed for active lifestyles. Model 571 SO creates a sporty yet fashionable nN,. statement for ladies and men The innovative interplay of colours and graphics adds an interesting dimension to the face. The distinctive Lanvin name is engraved on the ruthenium
      100 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      35 10 DOONESBURY BY GARRY TRUDEAU UH..LisrmMSB, aup YOU IIAMLOWHUNKRASUPKME RXWOOOVCAKS.I 1 ~iey~ k&pv€Hjt& stuff unpcr. ha/bcarpwmpMNe&#K sutt hunk nm* CONTROLUNTILIHNGHTHe OFTW QLP*C&AMtMWNMY I XX*- JUST GOT &MCB* tutmm oR&AST! I SHALL P&FO&iA SBLF. PULUV ANY A-l
      35 words
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  • ANALYSIS
    • Article
      Lock icon A reunited Germany makes its own future
      858 11  -  Reunited Germany today is once again Europe's strongest economic power, and the geopolitical cards are being redealt. What brought about this changer William Pfaff examines the factors of success William Pfaff IHT GERMANS of the mid-19th Century feared decline. They confronted the new
      IHT  -  858 words
    • Article, Illustration
      An iron-clad faith
      1412 11  -  Two changes of names and a new focus have landed HongGuan Technologies a niche in the manufacturing industry. Yong Pow Ang traces the firm's rise from a humble hardware company to one that designs automation machines for multinationals in Singapore and the region Yong Pow Ang WHAT
      1,412 words
    • Article
      Lock icon A rice bowl with mixed grains
      743 11 If the Urueuay Round of trade talks fails, there could well be a surge of protectionism around the world. And when that happens, Japan will be the greatest loser. But tne Japanese government has hardly taken a firm stand in the multilateral trade talks
      Asahi  -  743 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      80 11 n? 1 UNIT OF RADIAL AUTO INSERTION MACHINE Model: Pansert NM 2143 C. 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
      80 words
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  • FOCUS
    • Article, Illustration
      Lock icon Crisis ahead for European computer giants
      1295 12  -  Fujitsu's recent buyover of UK's ICL is a painful reminder to Europe's computer giants that despite a decade of bola cooperative schemes, they are still unable to compete with their US and Japanese rivals, reports Leigh Bruce in the first piece. The second focuses
      IHT  -  1,295 words
    • Article
      Lock icon ICL acquisition seen as part of Fujitsu's global strategy
      986 12 NYT THE £700 million acquisition of Britain's only manufacturer of mainframe computers, ICL pic, will push Fujitsu Ltd, now the world's third largest computer company, past Digital Equipment Corp into the No 2 spot worldwide behind International Business Machines Corp, which
      NYT  -  986 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      163 12 Postgraduate Diploma in Management Studies: 1991 A nine-month full-time course which covers the major disciplines of management Suitable for junior managers or technical people from any discipline who wish to move into management Tuition Fee JA13.140 (Accommodation, textbooks. Government charges are additional Applications close at the end of Nov. 1990.
      163 words
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  • SPORTS
    • Article, Illustration
      Lock icon Golden day for unranked Dan
      542 13 Agencies UNSEEDED American Dan Goldie rallied from the brink of elimination to upset sixthseeded Frenchman JeanPhilippe Fleurian on Wednesday in the second round of the Los Angeles men's tennis tournament. Goldie, ranked 88th in the world, was down a set and trailing 5-1 in the
      Agencies  -  542 words
    • SIDE LINES
      • Article
        Graf leads seeds into third round
        73 13 A FRESHLY MOTIVATED Steffi Graf led a seeded chaigfr into the third round of the US$5OO,OOO Players Challenge in Montreal on Wednesday with an easy 6-1, 6-2 victory over Briton Monique Javer. Second seed Gabriela Sabatini of Argentina, third seed Katerina Maleeva of Bulgaria
        73 words
      • Article
        Expelled golfer returns
        80 13 MUFFIN SPENCER-DEVLIN, the American who was thrown off the European women's tour for losing her cool in Woburn, England, in April, was back back on the Duke's Course yesterday for the British Women's Open. The year-old Californian is allowed to play because the£l3o,ooo tournament is run by
        80 words
      • Article
        US swimmer misses record
        61 13 MIKE BARROWMAN came within 2/100ths of a second of breaking his own world record in the 200 m breaststroke at the US swimming championships in Austin, Texas, on. Wednesday. Barrowman, 21, won the race in two minutes 1 I.SS seconds, just missing the 2:11.53 world record
        61 words
      • Article
        Gold mine in Games
        63 13 AUSTRALIA'S economy would be boosted by US$ll.3 billion if Melbourne hosted the 1996 Olympic Games, the National Institute of Economic and Industry Research said in a report issued yesterday. Melbourne is campaigning' against Athens, Toronto, Atlanta, Manchester and Belgrade for the right to host the Games.
        63 words
    • Article, Illustration
      Volvo to sponsor Edberg-Chang match
      320 13  -  By Cassandra How VOLVO will be the sponsor of the 1990 Supertennis Challenge between reigning Wimbledon champion Stefan Edberg and 1989 French Open champion Michael Chang, promoter ASM announced yesterday. Volvo has had strong links with men's tennis, having been a global sponsor of the
      320 words
    • Article
      Lock icon Frenchman takes over yellow jersey in Tour of Britain
      205 13 AP SECOND-YEAR professional Laurent Jalabert of France took over the race leader's yellow jersey in the Tour of Britain bicycle race on Wednesday after a frantic chase in the final km of the stage from Cardiff. The stage victory went to
      AP  -  205 words
  • Page 13 Advertisements
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      547 13 "S2H2"™ IS THE COMBINA- 5 UNIQUE BENEFITS FORM TION OF TWO RADICAL THE "S2H2"~ COMBINATION DESIGN IMPROVEMENTS NOT FOUND IN ANY OTHER lJ -A: *f/| The Most Solid Feel in golf-at impact IRONS OR METAL WOODS I fJ -S- TTie Most Positive "Head Feel"1. EXTREMELY SHORT, HOLLOW JMH the swing
      547 words
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      830 14 MESSAGE FROM TNffi PRIME MINISTER i ■v- rr-i OF MALAYSIA np| he growing global pre-eminence that activities in commercial banking, finance, I Malaysia has achieved today is a clear leasing, insurance, property, hotels, The MUI Group X reflection of the pragmatic policies manufacturing, trading and international and extensive economic liberalization
      830 words
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      488 15 ■fe BANKING AND FINANCIAL DIVISION A Leading Financial Group in Malaysia /!*-•y^f,—j. lf||^? h 4 MM T a full-fledged ByHfIHH Bank has also expanded the scope and successfully increased its deposit base commercial bank, a extent of its activities, participating more to over $1,360 million and loan T licensed finance
      488 words
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      Page 16 Advertisements Column 1
      388 16 4 A i perating under the Ming and jacuzzi whirlpool bath and four cgj3ljjE® B Court chain, The MUI Group luxuriously furnished Asean suites on IjgWj owns and manages three the 12th floor. In addition, the hotel jfjuS hotels in Malaysia and one in also has several executive suites, Vancouver,
      388 words
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      Page 17 Advertisements Column 1
      465 17 I I i ■feL MANUFACTURING DIVISION Meeting Construction Demands rBI he Group's ,v I are JL manufacturing and its /^9BB in Malaysia Singapore. Sdn Bhd (APMC), which The MUI Group holds a 50% stake, continues be the undisputed as Malaysia's are the largest tonnes the country's total production. quality clinker,
      465 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      220 18 WHERE TO WINE, PINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot JHP^v j A^B" v Mm :s «2 I f> ?rt \m ■■■■■K Spicy Szechuan dishes served at lunch and dinner dailv c 2 in the cool, inviting atmosphere of Szechuan
      220 words
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      Page 18 Advertisements Column 2
      276 18 (f r Happy 25th ALL OUTLETS Vanda Cocktail $9.50** PETE'S PLACE 25th Anniversary Cake lkg $28.00*. I.skg $42.00* 25th Anniversary Pizza 25 Ingredients $13.90*' PLUM'S Singapore Dinner Buffet August Ist-12th only Adult $24.00** Child 16.00** Singaporean High Tea 2.30pm 5.30pm $14.50** •Plus 4% govt tax ••Plus 10* a*rvice charge *4%
      276 words
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      Page 18 Advertisements Column 3
      238 18 August. The Streets anniversary month. Come karaoke and get a cassette recording of your singing tree. If sour anniversary gift to you. August 24 Our Ist anniversary night, we'll share with you our anniversary cake < Let's Celebrate! «9S*~-.. 1 tiM'J ROSE GARDEN SICHUAN RESTAURANT f» Level J, Golden Landmark
      238 words
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      Page 18 Advertisements Column 4
      388 18 < > r"f IK "V/iM < t> < c§qy cheese to— x SWISS I r_ 1 4 J' The Swiss have such wonderful ways with cheese. Savour them j. and more at The Belvedere's Swiss Buffet this month |> SWISS BUFFET LUNCH p, August 1 31, Noon 2.30 pm t>
      388 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      572 18 TELEVISION AND RADIO The next PM c a ■»<*"«»* A 11VAI A ITI t.4S Pray—i. BBC, 89.9 nNz hi VNF Band II ,M J" r 1 5.55 PM Little Memole (C, Car- 7.00 Cable Newt KM. 7 ioam 9 25am 1 30om Singapore: Beyond Tomor- r row (Documentary, ep I,
      572 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Hiroshima as seen by Japanese
      946 19  -  BOOK REVIEW By Herbert Mitgang NYT The Bomb By Makoto Oda Translated by DH Whittaker Kodansha International U5518.95 Hiroshima: Three Witnesses Edited and translated by Richard H Minear Princeton University Press US$4O doth; US$l5 paper FOR THE LAST 45 years, Aug 6 has been branded
      NYT  -  946 words
    • Article
      Lock icon Spanish filmmaker creates waves
      505 19  -  Thomas Quinn Curtiss profiles Pedro Almodovar, whose latest movie, Tie Me Up Tie Me Down, was given an X rating in the US Thomas Quinn Curtiss IHT PEDRO Almodovar, the no-holds-barred Spanish filmmaker, has developed his own new wave that is creating a splash far and
      IHT  -  505 words
    • Article
      Why Hope wrote his autobiography
      365 19 €H*iTlRBQ)r~ 808 HOPE says he wrote about his life to beat his kids to the job. "Look what happened to Bing Crosby, Bette Davis, Joan Crawford," he quipped at a bookstore in Denver on Tuesday while signing copies of his autobiography, Don't Shoot, It's Only
      365 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      222 19 ...AND ENTERTAIN r i High Fashion At High Tea. Every Saturday, High Tea is highly fashionable at the Fountain Lounge With a fashion show featuring some of Singapore's top models and best fishion. A®. Century Park Sheraton Singapore 16 NASSIM HILL, SINGAPORE 1035. TEL: 732 1222. CENTURY PARK SHERATON IS
      222 words
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      Page 19 Advertisements Column 2
      112 19 R/v K i tot a spot of Tlff 'n> 0 a timc, v f 9v Ut Tiffin lnc\u^ eS ,S 35 r as Steak d Duck. Lamb n buff Is kaoO^ 6 y u rs 5 u *n g or F|sh tA<*> to W x>ch or d,„ ne( coY* S,
      112 words
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      Page 19 Advertisements Column 3
      155 19 j|| THE CLUBS ]H I I 1 >< NH B ~—^~—t-rfl^M Eel or 'Unagyu' is a favourite delicacy in japan. In Kamogawa, we imported live eel from Japan ana grilled with our special sauce to give you the freshest and delicious taste. For this August, we are offering this seasonal
      155 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market takes a beating from Mid-East turmoil
      4489 20  -  By Abdul Hadhi PRICES on the Singapore stockmarket nosedived yesterday, following Iraq's invasion of Kuwait and its negative impact on the regional markets. News that invading Iraqi troops had seized the Kuwaiti royal palace early yesterday morning hit the local stockmarket shortly before
      4,489 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4067 21 Main Board Shangri-La 835 +20 +2.5% Prima 640 +15 +2.4% C Properties 630 +10 +1.6% Jurong Ship50* 830 5 0.6% Cerebo850' 795 +5 +0.6% S Land Wits 760 5 +0.7% B Sembawang 555 +5 +0.9% Singatron 20* 109 5 4.8% Roth Inds50* 386 +4 +1.0%
    4,067 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      80 22 C—»—y Date Year Greep Ut Net Minings Grtss mm to profit/less (L) per slur* dividend ('000) (cents) Murata Jul 27 Mar 90 18.3091(20,9250 94 2(107.2) 30(30.8) t B Sembawang Jul 5 Mar 90 $13.454($6.793) 56.1 (28.3a) 35n(15a) J Metro HW|s Jul 4 Mar 90 $8,006($10.219) 14 6(18 7a)
      80 words
    • Article
      RESULTS DUE
      535 22 Step— r» Stocks Last FnN Year Cempamf P*W Date Tear Net EPS firou Net wwid «fag (CMb) «v M T«* (TWO) laeng Hut Interm Mar 30 Otc 89 5351(h) OB Interm Apr 26 Jul 90 9J(i) 2J1E(a) 4.747 Til Lm France FraI Jun 1 Ok 89 12 3
      535 words
    • Article
      PRELIMINARY RESULTS
      106 22 I Ceaipaay Date Year Group pre-tax Net earaiags Gross ana to preflt/less (L) par share dividend 7* ('000) (ceets) Wer-Pacihc Jul 30 Apr 90 M$i00.038($41.i33) 7.0(2 8a) 10(6a) Corpn Jul 27 Apr 90 M}101,209(J70.023) 8 0(9 la) 12(7 7a) S Khonc Guan Jul 27 Apr 90 ***** (SI,0491)
      106 words
    • Article
      BONDS,LOANS & WARRANTS
      667 22 BONDS,LOANS WARRANTS CMnpsfly CmwiIm pifM CmvmIm Imm ter MM tMn CiC Nl Before 26/4/93 1 warrant plus >3.09 cash CauMway Loan CauMway W 2/10/89 to 20/10/94 1 warrant plus SI cash or 1 warrant pte $1 nominal amount of loan Qwan Mq> Nate Chuan Hm Nt March 8Mo 31/12/91 155
      667 words
    • Article
      INTERIM RESULTS
      220 22 m r CoMpMy Oat* HaH-ytar Grw»p pretax latarlai Ma u pr«ftt/Jo*» (L) divided ('OM) 5 S Steamship Aug 1 Jun 90 $20.534($14.491) teppet Finance Jul 31 Jun 90 $2,344($1,420) Semb Shipyard Jul 31 Jun 90 $37,927 ($27,883) 7(6) Smgmanne Jul 31 Jun 90 $13,707($9.190) Steamers Jul 31 Jun
      220 words
    • Article
      DIVIDENDS ANNOUNCED
      465 22 Currwrt Ex Books Date Total far Total far my—i»t data doso payabio tko year last yoar Mw Hdg» 6% Aug 28 Sep 7 Sep 26 6% 6% MM 10% Sep 21 Oct 5 Nov 1 10% 7 5%(a) 2 75sen Jun 20 Jul 5 Aug 15 2 75sen
      465 words
    • Article
      APPROVED ISSUES
      301 22 Company Rights Issue KB Carp One-tor three e MSI 60 per dure S30 131m 1% Convertible Unsecured Loan Stock of MSI 00 nommal value to be ssued on the tasn of 1 CHS tor every eight stares held. Ei-date: Jun 6 Books dose: Jun 20 Acceptance 4 Payment:
      301 words
    • Article
      CORPORATE DEVELOPMENTS
      622 22 r t ai Securities Holdings, Tat Lee Bank and Asean Finance Corporation have entered into an agreement with Bank Dagang Nasional Indonesia and PT Gadjah Tunggal Mulia to establish a stockbroking and underwriting joint venture in Jakarta. jfinftnad Part Hotel Ltd bought a 20% stake in Alexandra Holdings
      622 words
    • Article
      PROPOSED ISSUES
      595 22 Company Rights Issue Cause wit ki« Capital reducbon scheme to reduce par value of shares from SI 00 to SO GO: R*hts issue ol 3* e SO 60 per share CSM Or*-tor-or* MS4 00 per share Every tour nghts shares would be issued with one TSR 06 One-tor
      595 words
    • Article
      COMPANY MEETINGS
      263 22 United Industrial Corporation Ltd; EGM at Shangri-La Hotel, Orchid Room, Orange Grove Road, Singapore 1025 on Friday, August 3, at 9am. Golden Hope Plantations Bhd: 14th AGM at the Sarawak Room, Basement 2, Shangri-La Hotel, 11 Jatan Sultan Ismail, ***** Kuala Lumpur, on Wednesday, August 8, at 11.30
      263 words
    • Article
      RECORD HIGHS & LOWS
      148 22 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 high: 1435.43 (16/7/90) 1*0to* 1607.12 (27/3/90) 1990 tar. *****8 (2/5/90) 1«0 low: 1458.18 (2/5/90) 19» Ndc 1322.00 (28/12/89) 1989 to* 1487.76 (26/12/89) 19S9 tow: 917.42 (4/1/89) 1*9low: 1030.69 (4/1/89) 1988 tifti: 1043 86 (8/8/88) 19* to* 1177.87 (8/8/88) 1988 low:
      148 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      269 22 £T( FAR EAST LEVINCSTOIN ll Qll SHIPBUILDING LTD I PELS (Incorporated in the Republic of Singapore) I The Directors advise the following unaudited results of the Company and the I Group for the six months ended 30 June 1990: I COMPANY GROUP I 1990 1989 1 990 1989 I $'000
      269 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares take a tumble across a wide front
      3830 23 Bernama, MBT NEWS of the Iraqi invasion of Kuwait sent share prices in Kuala Lumpur tumbling across the board yesterday afternoon in line with the finish on other Far Eastern stock markets. The KLSE Composite Index fell 9.4S points to 622.77 after
      Bernama,; MBT  -  3,830 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      417 23 AUTOMATIC ©emBCATOi SYSTEMS PTE LTD NOTICE S HEREBY OVEN tol to FM Mootof of to IMn d to Rottaon Roto POfrOl C% Ham «H»iii 91M on MonOay 03 BapMnta IM M IQJOm to to pwpw Ml a* M 8wto» 300 d to CaopaMoAdCapSO. PATWCX LEE AH NOW UQUOATOR Dto:o3 AupallMO
      417 words
    • Advertisement
      Page 23 Advertisements Column 2
      246 23 NOTICES MALAYAN UNITED INDUSTRIES BERHAD I (Incorporated in Malaysia) Notice of Dividend Closure of Register The Board has declared a First Interim Dividend of 2.5% less tax at 35% for the financial year ending 31 December 1990 which will be paid on 28 September 1990. NOTICE IS HEREBY GIVEN that
      246 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Fears over oil supplies send prices sharply lower
      2287 24 Reuter TOKYO SHARES closed sharply lower yesterday after Iraq's invasion of Kuwait depressed the yen and bond prices and triggered heavy share selling on fears that any interruption to Japan's oil supplies could fan inflationary pressures. But most shares ended above the
      Reuter  -  2,287 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Index down sharply on news of Iraqi offensive
      2385 24 AFP SHARE PRICES on the local stock market plunged yesterday on news of the Iraqi invasion of Kuwait, with the Hang Seng Index losing 53.46 points to close at 3,415. 18. Turnover, however, rose to HKSI.9O billion, against Wednesday's HKSI.79 billion. The
      AFP  -  2,385 words
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  • REGIONAL STOCK MARKETS
    • Aussie market higher in volatile trade
      • Article
        AUSTRALIA
        1014 25 THE RESERVE BANK'S move to cut cash rates and Iraq's invasion of Kuwait pushed the Australian share market sharply higher in a day of wild trading yesterday. The All Ordinaries index finished 29.7 points higher at 1616.6, but well off its early afternoon high of around 1636. Brokers said
        1,014 words
      • Article
        BANGKOK
        701 25 FEARS that the Iraqi invasion of Kuwait would push up world oil prices sent Thai stocks down across the board in nervous trade yesterday. The official SET Index fell 13.27 points to close at 1129.36. Declines led advances 132 to 29. Most active were Thai Farmers Bank, Siam City
        701 words
      • Article
        Untitled
        86 25 CVmc Previews AagMt 2 SYDNEY All Ordinaries Index 1,616.6 1,586.9 +29.7 Ail Industrials Index 2,462.4 2,443 0 +19 4 All Resources Index 964.6 930.0 34.6 Turnover (million) unav 77.47 BANGKOK SET Index 1,129.36 1.142.63 -13.27 Turnover (nearest '000) unav 54,333 JAKARTA Composite Index 612.22 611.98 +0.24 Turnover (nearest 000) 2,000
        86 words
      • Article
        MANILA
        521 25 MANILA SHARE prices closed mostly higher yesterday, with mining issues posting the biggest gains, and brokers said the invasion of Kuwait by Iraqi troops might have been a factor. "There may be a few people who see that conflict in the Middle East might affect the price of gold
        521 words
      • Article
        TAIPEI
        454 25 TAIWAN STOCKS plunged 5.6 per cent yesterday on news that Iraqi troops had entered Kuwait, which is Taiwan's second largest supplier of oil, dealers said. The weighted index dropped 320.86 points, or 5.6 per cent, to finish at 5,450.42 compared with Wednesday's 5,771.28 close. Turnover was NT599.5 billion against
        454 words
      • Article
        Untitled
        363 25 la local cvrcacy la SS la USS day year day year day year Aag 1 Iadcx chaay ckay dwy chaa t ttmmt World 421.3 0.1 -9.4 -0.3 -12.3 -0.2 -7 8 *EAFE 581.5 -0.3 -14.6 -0.5 -16.3 -0.4 -12.0 Europe 449.1 -0.2 -0.4 -0.4 4.8 -0.2 10 2 Pacific 972.9
        363 words
      • Article
        NEW ZEALAND
        375 25 NEW ZEALAND shares ignored a sharp rise on the Australian share mar- ket yesterday to close lower and brokers expect buying to be stymied by high domestic interest rates well into next week. "The problem with this market is that people are still focusing on the negative parts
        375 words
      • Article
        JAKARTA
        542 25 TURNOVER ON the Jakarta stock exchange slumped to two million shares from Wednesday's 2.75 million, but the composite index edged up 0.24 points to 612.22. Pulp producer Inti Indorayon was the most traded on the regular market at 181,500 shares. It closed 50 rupiah higher at 9,850. Nickel producer
        542 words
      • Article
        BOMBAY
        71 25 STOCKBROKERS on the Bombay Stock Exchange (BSE) boycotted trading for a second day on Wednesday, after the exchange authorities turned down their pleas to relax severe curbs imposed to stop excess speculation. "It was practically impossible to do business under the restrictions," a broker said, adding, "But the authorities
        71 words
      • Article
        Untitled
        680 25 Seoul Wo« COO) A nam EJectnc Ind 197 7 A nam Ind 235 2 Ankuk Insu 264 3 Asia Cement 270 2 Asia Motors 202 unch Bank Of Che Ju 166 1 BankOfPusan 129 -2 Bank Of Seoul 107 -1 Byuck San 203 4 Cheil Sugar 281 Cheil Synthe Text
        680 words
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  • WORLD STOCK MARKETS
    • US blue chips close moderately lower
      • Article, Illustration
        NEW YORK
        1101 26 FRESH EVIDENCE of a slowing US economy heightened worries about the outlook for corporate earnings, sending US blue chips to a moderately lower finish on Wednesday, despite gains in the bond market. "It's hard to make a strong case for a turn in corporate eam- ings in the
        1,101 words
      • Article
        BRUSSELS
        146 26 BELGIAN SHARES started mostly higher in moderate volume yesterday, boosted by a sharp rise in the value of oil major Petrofina following Iraq's invasion of Kuwait, dealers said. Oil prices rose sharply as a result of the attack and Petrofina added 375 francs to start at 12,200. Dealers said
        146 words
      • Article
        FRANKFURT
        279 26 WEST GERMAN shares were quoted lower in thin trading yesterday as uncertainty after news Iraq invaded Kuwait depressed markets. Dealers said German shares traded in Tokyo had been quoted lower but there had been no real selling pressure. The pattern was similar in early trade here, they added. "There's
        279 words
      • Article
        JOHANNESBURG
        333 26 JOHANNESBURG gold shares rose sharply in active morning trading yesterday as the bullion price posted further steep gains to above US$3B3 an ounce on news that Iraqi troops had invaded Kuwait. Dealers said demand was brisk, noting that a further strengthening in the financial rand, South Africa's restricted foreign
        333 words
      • Article
        MILAN
        179 26 ITALIAN SHARES were broadly lower yesterday at the opening as Iraq's invasion of Kuwait added to already bearish sentiment, brokers said. "There's no panic, but there's a lot of selling and few buyers," one operator said. Volume was moderate. The MIB index trend was down 1.3 per cent. Among
        179 words
      • Article
        PARIS
        214 26 FRENCH SHARE prices continued to slide as traders reacted negatively yesterday to Iraq's invasion of Kuwait and its potential consequences, dealers said. The CAC-40 index was quoted 44.00 points lower at 1,916.07 at 1100 GMT, compared with an opening 1,949.15. Even sharp rises in oil stocks, due to higher
        214 words
      • Article
        TORONTO
        190 26 LIGHT PROFIT-TAKING cut gains on the Toronto market on Wednesday after a sharp rise in Canadian bond prices and strength in gold, oil and gas shares pushed stocks higher, dealers said. "There's been a little more interest, particularly in the oils," said analyst Ivar Liepins. The composite index rose
        190 words
      • Article
        ZURICH
        317 26 SWISS SHARES opened weaker in lacklustre trading after Wednesday's Swiss National Holiday. Dealers said lower foreign bourses and the Iraqi invasion of Kuwait weighed on the market yesterday. The SMI index of leading shares had fallen 14.4 points to 1,747.8 after about 30 minutes of trading. Eurofranc rates were
        317 words
      • Article, Illustration
        LONDON
        787 26 SHARE PRICES finished higher on London's Stock Exchange on Wednesday. Shares were propelled higher from the start by markups, stock-index futures buying and a general shortage of blue-chip stocks, dealers said. But the romp higher ran out of steam and stocks languished in the afternoon, they said. Equities generally
        787 words
      • Article
        Untitled
        82 26 Cloae Prrrtow NEW YORK Dow Jones 2899.26 2,905.20 -5.94 NYSE Financial 137.53 138.91 -1.38 SAP 500 355.52 356.15 -0.63 Turnover (million) 176.81 173.81 +3.00 LOUDON Financial Times 30 1.852.8 1,844.5 -1-8.3 FTSE 100 2,339.0 2,326.2 +12.8 Turnover (million) 419.2 301.5 +117.7 AMSTERDAM CBS General 199.1 198.60 +0.5 BRUSSELS Stock Index
        82 words
      • Article
        AMSTERDAM
        319 26 DUTCH STOCKS dropped in moderate early trade yesterday hurt by uncertainty after news of Iraq's invasion of Kuwait, traders said. The release of disappointing first half results of chemical company Akzo also weighed on prices. Akzo was 3.40 guilders, or 3 per cent lower, at 111.60 on news of
        319 words
      • Article
        Untitled
        112 26 Other markets in Europe, South Africa and Canada MocKiKMm Aag 1 Krouor Atfa Laval B Free 280 +5 Asea B Free j, A*tra Free 580 +20 AtJas Copco 330 +5 Ericisson B Free 1357 +49 Eaab Free 300 unch S. E. Ban ken 88.5 Vi Sandvik B Free 356 +6
        112 words
  • Page 26 Advertisements
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Dollar opens higher in London on news of Iraqi invasion
      1228 27 FOREX MARKET REPORTS IRAQ'S invasion of Kuwait yesterday pushed gold and US dollar prices higher in early London trading, while the pound was firm as the currency of an oil-producing country. Gold soared to US$3Bl an ounce at one point
      1,228 words
    • Article
      INTERBANK FOREX RATES
      384 27 Cross rates US$ S$ MS Dm Yen SFr AS NZS USS 1.8030 2.6963 1.3840 147.00 0.3382 1.3483 1.2739 1.6833 SS 0.5540 1.4939 0.8776 0.8144 0.2982 0.7471 0.7058 0.9327 MS 0.3709 66.94 0.5874 0.5452 0.1996 0.5001 0.4724 0.6243 Dm 0.6313 1.1395 1.7023 92.80 0.3398 0.8513 0.8042 1.0628 Yen
      384 words
    • Article
      MONEY MARKET
      549 27 Interbank rates SS Bid Offer Overnight 6 1/4 6 1/2 1-month 6 7/8 7 2-month 7 7 1/8 3-month 7 1/8 7 1/4 Overnight mode: 3 US# Bid Offer 7 days 7 15/16 8 1/16 1 month 7 IS/16 8 1/16 2 months .7 7/8 8 3 months
      549 words
    • Article
      Lock icon Easier money not justified: Fed
      257 27 Reuter US SECOND quarter gross national product data does not justify an easing of US monetary policy, Federal Reserve governor John La ware said. Mr La ware, in Tokyo to attend a banking conference, said that the data by itself did not justify an easier
      Reuter  -  257 words
    • Article
      FINANCIAL FUTURES
      1611 27 a EX nfffflHMUW Open High Low Sett Est Vol Op/lnt Vol Sep 9C 92.16 92.17 9107 92.11 ***** ***** 2710 Dec 90 92.28 92.29 9115 92.21 ***** ***** 4462 Mar 9 i 92.32 92.32 92.15 92.22 8055 5315 1444 Jun 9 92.17 92.17 92.04 92.09 1285 863 603
      1,611 words
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  • COMMODITIES
    • Article
      Lock icon Jakarta may curb rubber exports till prices improve
      429 28 Reuter LOW rubber prices may force Indonesia, the world's largest producer after Malaysia, to stockpile its output and wait for the export market to pick up, a senior industry official said. "We're really under pressure from weakening prices. We are considering curbing
      Reuter  -  429 words
    • Article
      Lock icon Taiwan considers lifting gold export ban
      264 28 Reuter TAIWAN'S Finance Ministry is studying the feasibility on whether to lift the current ban on gold exports, Taiwanese deputy director of the ministry's monetary affairs department Sian Chen said. Mr Chen said the government would eventually allow local investors and trading firms to
      Reuter  -  264 words
    • Article
      Tin steady at M$16.40 in Kuala Lumpur
      825 28 REPORTS 1 THE price of tin closed unchanged at MS 16.40 per kg on the Kuala Lumpur Tin Market (KLTM) on lack of follow-through support. Traders said consumers were wary of the price rise over the past week. At the opening, bids amounted
      825 words
  • Article
    PRICES
    1335 28 Rubber Aug 2 ■mhfchtrtM) ScentVki Noon Owe Int I RSSPrompl I54.00/IS5.00N I54.50/I55.50N Int I RSS Sep 90 I54.2VI54.75 154.7VI55.25N Int t RSS Oct 155.0CVI55.50 155.50/156.00N Int 2 RSS OP I51.50/I53.50N 15I.50/I53.50N Int 3 RSS OP I47.00/I49.00N 147 00/149 OON Int 4 RSS OP I43.00/I45.00N 143 00/145 OON Int 5
    1,335 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      622 28 NOTICES PARKWAY HOLDINGS LIMITED 5530,000,000 GUARANTEED FLOATING RATE NOTES DUE 1993 In accordance with the provisions of the Notes, notice is hereby given that for the three-month period 3 August 1990 to 5 November 1990, the Notes will carry a rate of interest of 8.4375 per cent, per annum with
      622 words
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      Page 28 Advertisements Column 2
      15 28 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
      1023 29 cay fhm eta wgt rr Aha MmM GA976 0011 SRI 87 195! GA890 224< GA970 2251 MMaUa SQ22S 221! Mmmm RJ182 1445 RJ183 23g >«rtirill KL835 1415 KL836 211! SQ23 1810 SQ24 22CX QF16 1820 GA890 224( Mmn SQ31 0825 SQ24 22a QF16 1830 OA471 2205
      1,023 words
    • Article, Illustration
      Where time stands charmingly still
      710 29  -  LETTER FROM MYANMAR ssjrss By Tom Lansner DAWN on the Irrawaddy River, with pagodas silhouetted against the lightening sky and creaking oxcarts carrying farmers to their fields, is a scene most visitors to Myanmar long remember. The dismal hotel rooms, roller-coaster railroad rides and disorganised
      710 words
    • Article
      MONEY CHANGER RATES
      152 29 As at 3pn yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4100 1.4300 Canadian dollar 1.3350 1.3730 NZ dollar 1.0580 1.0780 Sterling pound 3.3150 3.3450 US dollar 1.8060 1.8160 Local dollars to 100 nits of fcrdp crency Austrian schilling 15.70 16.70
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      62 29 Duration Title Venue Organ aer Td Sep 7-17 International Switzerland Schwctzer Minter 61/686.20.20 Fair Mustermesse Sep 10-16 International Spain Foirc 3/423.31.01 TV, Sound and De Barcelone Electronic* Duration Title Venue Otpuitaer Td Sep 15-11 International Paris Semaine 1/*****369 Leather Week Internationale Du C»»ir Sep 15-20 International Germany
      62 words
  • Page 29 Advertisements
    • Advertisement
      Page 29 Advertisements Column 1
      44 29 $5NL)ON A I: i; I i i! < M I i: i s I hv nii-:ru r>"' ,:i, v i I u. n I hurnl.n s im-.I.iv Nyml n I 1 I h.ini;i \irport i! .'Mi hour* in>! .11 IKithrou i irl\ the m»rniiK. AirCanada
      44 words
    • Advertisement
      Page 29 Advertisements Column 2
      389 29 NOTICES Oversea-Chinese Banking Corporation Limited (Incorporated in the Republic of Singapore) ANNOUNCEMENT FOREIGN SHAREHOLDINGS Notice is hereby given that in the opinion of the Directors as at 31 July 1990, the percentage of foreign shareholdings in the Bank's issued share capital, including transfers of shares in favour of foreigners lodged
      389 words
    • Advertisement
      Page 29 Advertisements Column 3
      460 29 W THE MATTES OF TEE COMPANIES ACT, CHAPTER M AND in the matter or ÜBON INDUSTRIAL SERVICES (PTE) LTD (INMEMBEM' VOLUNTARY WINDING-UP) NOTICE Or FINAL MEETING NOTICR 18 HRftRBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Pinal Oeneral Meeting of the Members of the
      460 words
    • Advertisement
      Page 29 Advertisements Column 4
      597 29 THE COMPANIES ACT. CAP. SO HUSAM ENTERPRBES (PRIVATE) LBOTED In Mxiiwii' Votuncary VMndtog-Up At an Extraordinary fleneisf UmlIng o." the Company hold at 1 Colombo Court *08-11, Singapore 0617 on 27th July, 1990 the totowmg Spec* 1) Thai the Company be woundup voluntarily pursuant to SacBon 290(1 Hb) of toe
      597 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      244 29 over, quite overcome (9) 8 Deck where a party's given Fall in through being clev- |M |H have wine in them (4) Faculty fellows rowing about an agreement (8) 17 Gaim to study nurse (7) BH M 20 Harangue but render assistance to backward people PO I I I I
      244 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      213 29 Singapore Outlook: Showers over a few areas ta the late morning and early afternoon Report Ma* temp. 28.5* C Assoc humidity 77% Mintemp..„ 24.3 Assoc humidity 100% Hrs of sunshine 0.00 Rainfall in mm 20.4 .Rainfall this mth. 20.4 Rainy days this mth I World forecast Asia-Pacific Hi/Lo* Cond. Auckland
      213 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      44 29 ONLW PERSON p*S£ IN ficKifcteS IT AM «ot is Because ue ujork in -ru«s S (boc> oFF»ce RNQ THE J u>e. wejac. for I h \r^- A j -rue raoMey OF —J 1 T 1 c CVEHWO STAWOAWO CO LTD.. twmw >tl r 1
      44 words
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  • Article, Illustration
    Pahang welcomes tie-ups with S'pore firms
    406 30  -  SMA mission to Pahang Fran Shoeb Kagda In KUANTAN THE MALAYSIAN state of Pahang is ready to tie up with interested Singapore companies to explore potential areas for investment in the state, said its chief minister, Datuk Sri Mohamad Khalil Yaakub, yesterday. Addressing the
    406 words
  • Article
    Lock icon Taiwanese group shelves China plans
    224 30 Reuter THE FORMOSA Plastics Group, Taiwan's largest industrial conglomerate, has shelved plans to build a US$7 billion petrochemical complex in China, the Industrial Development and Investment Centre said on Thursday. Centre director John Ni said that Formosa Plastics had delayed its plans to build a
    Reuter  -  224 words
  • Article
    Lock icon China pumping in US$21b to give Shanghai a lift
    236 30 AFP CHINA has decided to inject US$2l billion into Shanghai to boost its sagging status as the country's industrial centre, a pro-Beijing newspaper reported in Hongkong yesterday. The decision was approved by the communist party politburo as one of the major
    AFP  -  236 words
  • Article
    Lock icon Australia and Thailand sign economic cooperation accord
    291 30 AFP AUSTRALIA and Thailand are to sign a trade agreement to establish most-favoured-nation status between the two countries and develop commercial and aid ties, Australian embassy officials said in Bangkok yesterday. The economic cooperation agreement is to be signed on Monday at the
    AFP  -  291 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      95 30 Baume Mercier GENEVE 1830 f W£v I 1 KbL i~ '3 IT. -f 'r-i fAogA- lJ JW i German engineering at its competitive best What has 122 bhp, the lowest CD, electronically controlled fuel injection, DSA suspension, 4 wheel disc brakes, all housed in aterrific body? What else THE OPEL
      95 words
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      Page 30 Advertisements Column 2
      103 30 CD j Baume Mercier GENEVE 1830 a^mmm Lifestyle weekend cars is in order Is Superior Metal Printing 1 Jaime Lye weaves an What role should the state worth stagging? imaginary tale about a group play in economic Taking cover The column of misguided mercenaries development? examines the role the Central
      103 words
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  • Shipping Times
    • Article, Illustration
      P&O expands strongly in Asia-Pacific
      449 31  -  By Rahita Elias UK-BASED marine giant Peninsular and Oriental Steamship Navigation Company (P&O) is strongly boosting its presence in the Asia-Pacific. In the next three years, the group will move into land-based leisure activities and freight forwarding and will expand its passenger shipping operations. With
      449 words
    • Article
      Lock icon Foreign ships to be restricted in Japan's Seto Sea
      157 31 AFP NON-JAPANESE oceangoing vessels will be banned from entering the Seto Inland Sea in western Japan from Aug 10 unless they are scheduled to call on ports in the region, Maritime Safety Agency officials said. They said on Wednesday that the
      AFP  -  157 words
    • Article
      Lock icon Asia Terminals to expand freight building
      194 31 Containerisation International ASIA Terminals Ltd (ATL) of Hongkong is to add four storeys above its present 148,000-sq-m twinfacility container freight station in Hongkong. The extra capacity, which will cost HKSI.2S billion (US$l6O million), is scheduled for completion in late 1993. It will provide more
      Containerisation International  -  194 words
    • Article
      Lock icon Approval for US air passenger tax likely
      298 31 Reuter HOUSE Speaker Thomas Foley predicted the House will soon approve a US airline passenger tax supported by the Bush administration. The airline tax, which could cost passengers as much as US$l2 per round trip, will be imposed directly by individual airports. "We're
      Reuter  -  298 words
    • Article
      More Japan-Indonesia flights needed
      197 31 MORE air services between Indonesia and Japan are needed to tackle the lack of air seats available on the route, said Japanese travel executives. The Antara news agency quoted Mr Masao Hasutani, an executive of Japan Travel Bureau, as saying that the Japanese, especially the younger
      197 words
    • Article
      Baltic out of Australia-Europe conference
      372 31  - Baltic out of AustraliaEurope conference FraM John Spiers in SYDNEY BALTIC Shipping Company of the Soviet Union has withdrawn from the AustraliaEurope shipping conference, which will soon announce a new agreement redistributing trade shares among remaining member lines. Baltic is said to be planning to expand its services between Australia
      372 words
    • Article
      Expand with care: Wayfoong
      321 31 HONGKONGBANK's Wayfoong Shipping Services has warned shipowners and financiers to approach any expansion of their fleet with caution. According to the South China Morning Post. Wayfoong in the latest HongkongBank economic report said that the current weakness in dry-bulk freight rates is expected to continue, with
      321 words
    • NEWS SUMMARY
      • Article
        A financier's nightmare?
        33 31 A LOOK at recent developments in the United States following a spate of tanker accidents and the effects they are likely to have on the availability of finance Page 2
        33 words
      • Article
        HK may change tax code for new registry
        40 31 THE Hongkong government accepts the need for a change in the tax code to protect shipowners operating under the new registry, but it has yet to make any firm decisions. Back Page
        40 words
      • Article
        US oil spill will not affect insurance rates
        37 31 INSURANCE underwriters say a spill involving 500,000 gallons of oil in Texas' Galveston Bay will not have any significant impact on marine or pollution liability insurance prices. Back Page
        37 words
      • Article
        Exxon disappointed with findings
        38 31 EXXON Shipping Co, a unit of Exxon Ccxp, said it was disappointed in Tuesday's findings by the National Transportation Safety Board on the grounding of the Exxon Valdez oil tanker last year Back Page
        38 words
      • Article
        EC plans to end customs checks
        38 31 THE European Commission proposed scrapping customs controls at airports and ports for journeys within the European Community after 1992 because they will not be needed in the single EC market Back Page
        38 words
    • LOG BOOK
      • Article
        Tiphook appoints Jardines in Malaysia
        67 32 UK-BASED TIPHOOK Container Rental has appointed Jardine Shipping Services as its agents in Malaysia and Thailand from Aug 1. Jardine already represents the container leasing company in Philippines and Indonesia. Mr Vincent Mak will be the Singapore-based representative for Tiphook, coordinating the company's marketing and
        67 words
      • Article
        NOL appoints Bangladesh agent
        58 32 NEPTUNE Orient Lines has appointed Bangla Trident Shipping Agency (BTSA) as its general agent in Bangladesh from Aug 1. BTSA, which has its headquarters in Dhaka, takes over from the former agent Hegge Co (BD). The new agent also has offices in Chittagong and Khulan. NOL
        58 words
      • Article
        Stolt Tankers leasing unit formed
        59 32 STOLT TANKERS and Terminals (Holdings) SA has formed Stolt-Nielsen Leasing as a division of Stolt Tank Containers. Stolt-Nielsen, an independent unit within Stolt's tank container business, will lease and service tank containers for chemical companies, shipping lines and tank container operators. The new group is
        59 words
      • Article
        Boeing gets Mozambique order
        67 32 BOEING CO has received direct orders from the major carrier of Mozambique, Linhas Aereas de Mozambique, for two jet transports valued at about US$ll7 million. The airline will purchase directly from Boeing one 767-200 jet and one 737-300. It placed an option on one additional 767.
        67 words
      • Article
        Dutch group to salvage Soviet sub
        81 32 A DUTCH CONSORTIUM will salvage a Soviet nuclear submarine which sank off Norway in April 1989, the official Tass news agency reported. "The Dutch plan is realistic, well-substantiated technically, and economically sound," Tass quoted deputy minister of shipbuilding Leonid Rezunov as telling the Pravitelstvenny
        81 words
      • Article
        Air Inter cancels 25pc of flights
        73 32 THE strike-plagued French domestic airline Air Inter said it will cancel 25 per cent of its flights today because of a new strike called by ground staff demanding higher pay and better conditions. The airline, France's main domestic carrier with more than 300 flights
        73 words
      • Article
        Honduran ship arrives at Beirut
        69 32 THE Honduran bulk carrier Yasena arrived in Beirut port with a cargo of 24,000 tonnes of maize in bulk on July 31, the first ship to enter the harbour since it closed on Feb 1, Lloyds Shipping Intelligence Service said. The ship berthed at the
        69 words
    • Article, Illustration
      Lock icon A financier's nightmare?
      1384 32  -  Frank Paine looks at recent developments in the US following a spate of tanker accidents, and asks what effects they are likely to have on the availability of finance Frank Paine Fairplay THE proliferation of tanker accidents over the last year or so, the enormous cost of
      Fairplay  -  1,384 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      465 32 July 30 Debater ft* MmMm U—m* M ttartta MM y* bam bm A KG/M*3% V/V M/M M/M PPM method KG/1T3* V/V M/M M/M PPM ™>ttwc BO/Omac fcmb Spec E25 9911.0 15.0 0.10 30* 0.10* tjj|<ni 180 Am 9790.4 13.5 0.09 11 0.03 Spet G35 9911.0 18.0
      465 words
    • Article
      THE SHIPPING GUIDE
      12286 40 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
      12,286 words
    • Article
      DAILY FREIGHTS
      1018 47 THE DRY cargo freight market on Wednesday moved firmer on a higher fixing on the key US Gulf/Continent grain route, brokers said. The fixing was for a grain vessel from the Mississippi to Rotterdam at a rate of $11.2S for August. The vessel was initially reported at 51,500
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    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        557 47 »—I Hay Ma hf* Maal ni,i—lilllf ***** K33 iMpdt 02.08/1600 Ma Bvan E-859A K33 ata*sd« 05.08/0600 Koto Bcrinr 35/90 R32 itoogade 03.08/0430 Kota Mrama E-858 K31 ata*sde 0108/1500 Sab Koch 1 K30 items* 02.08/1800 Tata 2014 COS atonpda 04.08/0800 Apnl a 22C/90 K18 02.08/1500 0108/1500 8 Prat
        557 words
      • Article
        CONTAINER SCHEDULE
        1033 47 RECEMNC Of EXPORT Fa CONTAINERS AND LCL CARGO Rocord Boofc*n/B*mc« Mb 9* Voy No Pwtod Fran To Fran P of IfccBai Spac* M Mtmadah 65A 2 02/1700 03/0659 03/0900 4 03/1200 03/1459 03/1700 Aaro Asa ***** 1 02/1500 02/1659 02/1900 2 02/1700 03/0659 03/0900 3 03/0700 03/1159 03/1400
        1,033 words
      • Article
        IN MALAYSIAN PORTS
        319 47 Pft Ktaag Souk tat en Aug 1: Hoegh Drake berth 2; Soon Hoe berth 3; Jenwin berth 4; Swee Long Satu berth 7; Swee Ann Satu berth 7A. KCT: Wan Hai 201 berth 8; Nton berth 9; Evergifted berth Benaider berth 10. Norih tat Hwa Song berth
        319 words
    • Article
      HK may change registry tax code
      395 48 THE Hongkong government accepts the need for a change in the tax code to protect shipowners operating under the new registry, but it has yet to make any firm decisions. Work on the registry has been going on for years, with the tax issue
      395 words
    • Article
      Lock icon France in dilemma over yard
      109 48 Reuter FRANCE will have to recover two billion francs in state aid hand-outs if it allows its La Ciotat shipyards to reopen, the EC executive said. The European Commission allowed Paris in 1988 to spend the funds on redundancy pay, completion of partly-built ships and
      Reuter  -  109 words
    • Article
      EC proposes to end internal customs checks after 1992
      182 48 THE European Commission proposed scrapping customs controls at airports and ports for journeys within the European Community after 1992 because they would not be needed in the single EC market. The move on intra-EC air and sea travel will represent a
      182 words
    • Article
      Air NZ to lay off 600 workers
      99 48 AIR New Zealand Ltd will lay off around 600 of its 9,000 staff as part of plans to cut some provincial services, chief executive Jim Scott said. The recently privatised airline blamed the cuts on competition from Australia's An sett New Zealand Ltd,
      99 words
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      Rio Grande cancels rail line sale
      109 48 CANADIAN Pacific Ltd unit Soo Line Railroad Co said the sale of its rail line between Chicago and Kansas City has been cancelled by the prospective buyer, Rio Grande Industries. Soo Line said RGI has instead arranged trackage rights with Burlington Northern Inc in
      109 words
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      Lock icon US oil spill will not affect insurance rates
      310 48 Reuter INSURANCE underwriters say a spill involving 500,000 gallons of oil in Texas' Galveston Bay will not have any significant impact on marine or pollution liability insurance prices. Apex Towing Co of St Louis, owner of the barge that collided with the
      Reuter  -  310 words
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      Lock icon Exxon disappointed with board's findings
      199 48 Reuter EXXON Shipping Co, a unit of Exxon Corp, said it was disappointed in Tuesday's findings by the National Transportation Safety Board on the grounding of the Exxon Valdez oil tanker last year. Exxon said the National Transportation Safety Board did not fully take into
      Reuter  -  199 words
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      263 31 SSWK HHG METAL CO PTC LID 13. TU AS AVE 14. SINGAPORE 22U. TELEX RS 2M71 SMMCPL TEL: Ml 5055 (SknM) TELEFAX:MI SM sA \w hMranptf VKIAGOTMV sssr. btcs soali /ku |||H -bkmioiim p|M llli -omiim agg (vaCAPOSC. MALAtSU CW** IHAHAKO, MOMMA l(Ol Ira 7 WW CfIMHW HflnjMw And SMb
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      19 31 CMtaar Sdwdrit 17 My trw*ts 17 MBtoAfcwtMn 3 Stappni Gate 10,11 SMpi fcrt 17 Support ran 17 tetanpat 2
      19 words
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      149 32 Executive 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 you
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      1219 33 WW// iss^ur^fr-* 1 L \Ww A PtSARA JARMNC SNIPPING AGENCIES SON BHD. POST «iang tel 3imus telex no. ukjHwuKsm PfHANG TEI *****4 TELEX NO MA***** CFS TEL *****6 Di'c\icc\U'd to Oua ilv S**wk:«*. iffßlnfll p.guoang tel *****2/3 telex no ma6som l/tqicartq ru 'PON TEL *****3/4 F/tf *****6 IMPORT i EXPORT
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      Page 33 Advertisements Column 2
      1110 33 INDEX TOADVERTISERS f■■ i Madju Sdn Bhd 16 1/2 A J Maersk Line 3 4/5 Mainfmght I 5 4 ABC Containeriinc 13 5 «MISC 14 1-3 Accord Shpg 8 1-3 M'sia Shpg Corp 9 1/2 Adkris Business 16 3 Menddsaohn 5 1/2 AJbatros Sea-Air 14 5 Meng Horng Shpg 15
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      Page 33 Advertisements Column 3
      2279 33 VMM) Voy ETA I ETO 'Port *Pmn« DESTINATIONS KMang Tlx* MH M»n« M (000 CWne TMm Feeder by 7/S 0400 MRS M Faroe 1 1 CFS V% 2300 MRS M Tauro OAK LOS MOO MEM ATI MIA CHS lAL M. NYC MON TOT METTE M 9000 7/8 8/8 "id 4/B
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      1107 34 ROTTERDAM/ VOY NO S PORE P. KELANO SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE BENAVON 98/503 8/8 23/8 28/8 28/8 £MBSrQ EXPRESS 97/582 9/8 28/0 30/8 27/8 2* BENALDER 98/598 12/8 2WB 31* KOWLOON BAY 98/596 18/8 10/9 4/9 6/9 ,22 TOKYO BAY 99/500 10/8 5/0 7/0 *0/9 SAKS BAY 9*596
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      Page 34 Advertisements Column 2
      486 34 MIBM DIRECT SOUTH PACIFIC SERVICE MN NOU SUV PPT I. FLOREANA 28/8 11/9 16/9 21/9 ALSO ACCEPTING CARGO VIA SUVA TO: IAUTOKA MOO PAGO. APIA i NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP I. FLOREANA 28/8 4/10 5/10 9/10 Alto accenting Cargo to CallM (Pern) vii Valpa SINGAPORE: *****06
      486 words
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      Page 34 Advertisements Column 3
      1290 34 MJ.vmuunea mmSST BilH regular moepenoent full CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LHA (VIA (VIA (VIA ALG) ROT) HAH) NOR ASIA MUBARAK 9022-3 03/08 24/08 2SOB 29/08 31/00 03/09 02/09 M/ 09 06/09 N-AL MANSOORAH 9823-3 1108 0109 03/09 0609 08/09 11/09
      1,290 words
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      Page 35 Advertisements Column 1
      1845 35 SLjgSteamers Maritime Holdings Ltd P&O ITM STRAITS SHIPPING Slmimm f« BmmJ r«at iitituili Containers ikjir Voy No P Kl*n( S pw• 5 ton H burj rtuvm R'tfaai L«h ACCEPTS DUE SAILS KATSURAGI 01.MO +T B*UM »7 03« 2*, M 22,« 24« »/t» 27« CARGO KNAVON WW BAR-31/7 OM4 ZM4 27/01
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      Page 35 Advertisements Column 2
      1652 35 TO: EUROPE TO:FAR EAST SP LN ROM HAM B'HVN FIX SPORE HK KAO KOB BU HANJIN OAKLAND 009* 7/1 25/1 2t/l 27/1 29/1 31/1 HANJIN HAMBURG 001 C l/l 11/ l 12/1 IS/I 11/ l CHOYANC SUCCESS 010* 11/ l S/9 1/9 7/9 10/1 HANJIN ROTTEROAM 009E 13/1 11/ l
      1,652 words
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      Page 35 Advertisements Column 3
      395 35 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC ASIAN TANJUNG PIONEER STAR EMAS VOY. NO. 7 114 10 S'pore 12/8 18/8 20/8 P. Kelang 14/8 20/8 22/8 Penang Hoog Kong Yokohama 5/9 9/9 10/9 Nagoya 3/9 7/9 8/9 Osaka 5/9 Senboku 1/9 6/9 Kashima Hochiminh 'For Discharging
      395 words
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      592 36 DJASAQcTRI A Joint lurope Service Of: VK f v W. ilNUtffft HOT fct. 6CSOII UWI r.t. mmmmmm m rmm lioyd CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE vsiyvov S POKE R OAM/ H BURG BREMEN ANTWERP ADAM S. PANJANG/2CWB 3-M H/l 4/9 1/9 11/1 KUTAi/ara it-njt i3n an nn 510 MATARAM/27W8
      592 words
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      Page 36 Advertisements Column 2
      811 36 QQ HANJIN SHIPPING Y]# FULL CONTAINER SERVICE I S par* I L«Rj»r» R dun H burf B'havwi fitowo FEEDER VSL SIN LINE HAUL LAX OAK HANJIN OAKLAND OOM) 7/8 25/8 26/8 27/8 29/8 30/8 HANJIN ROTTERDAM 009E 13/8 H SEOUL 106E 7/9 9/9 CHOYANC SUCCESS 010N 18/8 5/9 6fl 7/9
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      Page 36 Advertisements Column 3
      1563 36 —it J —i-u-i—i —11 IPKI SGP HKG K.SC KLC PUS MKT OSK SM2 TVO LAX CHS BAL NYC LHV AMR MM FU NK SV I i greet nan u m 144 iv» 17/1 m sji ;u iu 27/1 7/9 im »n 21/9 w« w vio w to» w I E
      1,563 words
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      Page 37 Advertisements Column 1
      1582 37 j !NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) S BOOKINGS: Sy UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 a AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 MM TERMINAL OFFICE .*****022 DOCUMENTATION DEPT: *****44/ *****14 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 KlT<o3) E *****3^ H p D
      1,582 words
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      Page 37 Advertisements Column 2
      1159 37 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 vtssas wwog |yo«i |mawiu >toim oow woawc muec wwct nuutr «m —»*tßr T Kttmv UCT SM
      1,159 words
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      Page 38 Advertisements Column 1
      1529 38 vk tXk V Wm T m AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No **********0 M) «lS TEL: *****77 TELEX KAWAKIRS23I6SFAX *****79 V) M J W_*J MALAYSIA HARPER WIRA SDN BHD TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. /jjt POMT N. AMERICA PACIFIC SOUTH-WEST
      1,529 words
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      Page 38 Advertisements Column 2
      1057 38 PHILI-ORIENT LINES PTE LTD 28 I 1 (The Complete NVOCC Package) I VANCOUVER, S"WESTERN ONTARIO. 1 CHARLESTON CHICAGO 9 AUG DUBAI. DAMMAN, KUWAIT, DOHA, I LONDON, THUNDER BAY, WINNIPEG, MUSCAT, BAHRAIN, ABU DHABI, I RE6INA, SASKATOON, SHARJAH I CALGARVEDMONTON, KELOWWL V 10 AUG COLOMBO, KARACHI, BOMBAY, I ANDALIfNLAND 10 AUG
      1,057 words
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      1639 39 AIIIIVO, tIMMJ MWWW SSPII PACIFIC INTERNATIONAL LINES (PTE) LTD asasap J MM P"- Building. 140 Cool Street HOMO, Singapore 0106. I JAKARTA jg '8 BANGKOK VESSEL VOV SIN JKT SIN VESSEL VOY SIN BKK SIN KOTA MA 04SS S/l W KOTA NAOA 13N 4/8 7* 11/8 KOTA MCLATI 14SB M
      1,639 words
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      Page 39 Advertisements Column 2
      1067 39 f BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint IVm Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO^tHC/OOWTHMNT VESSEL [VOY SPORE PKLANG SHAMPTONj HAMBURG B'HAVEN ROAM LHAVRE Katsuragi 01/590 3/8 27/8 21/8 23/8 20/8 26/8 Benavon 95/593 6/8 Via Bar 23/8 26/8 28/8 Hamburg
      1,067 words
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      Page 39 Advertisements Column 3
      306 39 Moi w MYANMA Wtt* FIVE STAR LINE .V (Myarimar National Line) Loading for Yangon (Rangoon) S'por* P.K*lang Pen MERGUI VIOOW IN PT MYOMAYWA VI29W i/lC AUG HPA-AN VIS3W W* AUC PATHEIN VIO4W 12/11 AUC BANK UNI (A Mrvtco of Andrew W«tr Shipping) \\f SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY I EXPRESS
      306 words
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      694 42 INTEGRATED CONTAINER SERVICE MEMBER Of EACON SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV RDM ANT HOG RST PANAMA SEN WFO3I 7« 30/8 31ft 1/9 3/9 5/9 T. WENDA CM 15ft 7/9 8/9 10/9 12/9 AMERICAN SEN WTO4 21/1 13/9 14/9 15/9 17/9 11/9 0. GROTEWOHL S/90
      694 words
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      Page 42 Advertisements Column 2
      1443 42 CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 ouw mmmim «hwk it FAR EAST PORT KELANG 10/8 17/8 MANILA 4/8 11/8 PENANG 10/8 17/8 BUSAN 5/8 12/8 BANGKOK 5/8 8/8 TOKYO 9/8 16/8 HONG KONG 6/8 10/8 YOKOHAMA 9/8 16/8 KAOHSIUNG 5/8 12/8 KOBE 9/8 16/8 KEELUNG 5/8 12/8 JAKARTA 5/8
      1,443 words
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      Page 42 Advertisements Column 3
      162 42 LOAMMC FPU LOADING FOR BUENOS AIRES VISSEL SPORt CBO OM (AIDES MVIOEO RIO STS VIT PAOUA MosTvttm im an in an m an VMMI HUM nn w m» Vl% l/M VII U/M VMMU c isahl tm am am wi *u um VMMU Hosmam uni a/u 2/12 u/u i*u- a/12 V.TBA
      162 words
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      Page 42 Advertisements Column 4
      1267 42 'f fe +aa 3 1 S? CHINA OCEAN SHIPPING COMPANY 2, MSTRI ROAD, KMC BUILDING TEL: *****00 who. simLapowe no FULL CONTAINER LINER SERVICE telex: rs soo coship CR NO: **********0 M 2261 M General Agents: OOITAK IHIFHNQ PR LTD CABLE COSTARUW£ i tokjuomi 7 I VESSEL/VOT ~SCP I FLX
      1,267 words
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      1035 43 SnHBHRI DBS AGENCIES |S) PTE LTD TEL: *****33 (12 Unas) BFAX: *****15/*****03 J TELEX: R8 ***** RISHIP (3 Unas) NR ETHIOPIAN SHIPPING LINES f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IvOY ETA IIOAOMO FOR SPOKE ABSAY WOHZ 2SWB WO* DAAESSALAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA HOOEIOAH NETSANET 20WB
      1,035 words
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      Page 43 Advertisements Column 2
      752 43 %m— p T- MASKAPAI pelayaean VSapULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS oTfTRjRE, INDONESIA, MALAYSIA I THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS. WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: 222TC55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN
      752 words
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      Page 43 Advertisements Column 3
      591 43 BANGKOK CEBU/MANILA \narn. lvwr immssmk sanmwk \m&. Ivor 1 rww j cou mawO"! SIRI BNUMf AM Si j* W W SO ORIEBT JIB l»W 0* U* MAMA BHUM# 21N T»y 0* Sun 12* AKA BMUM 32$ 10* 16* ll* MEKMABIK KURAKO 21N Fri 10* Mon 13* SO ORIENT 33R 17*
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      Page 43 Advertisements Column 4
      256 43 TO AUSTRALIA/NEW ZEALAND v c. vcmuK aw" iii ii oi m h I uirmma af" 1m ii m lm mh mcnnaii sj» ii "55 u/5 155 i nuowv w ivti 55 ani mm gn J II DATS TO HBWIH TO USA/CANADA c vemuk 7m m 55 55 55 i" »imm
      256 words
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      Page 44 Advertisements Column 1
      1210 44 MAC-NELS SINGAPORE||~PWIT TIL tima] iwwt TEL AAH PENANG TEL: (04) *****6 KK I TEL: (088) *****0 TAWAU TEL: (089) *****9 P. KELANG TEL: (03) *****77 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 IITfVr/X"! J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 V—lw /JAKARTA TEL:
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      Page 44 Advertisements Column 2
      526 44 BLUE STAR LINE SINGAPORE TO WT NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PIT AUCK LYT HA HSU RI 0578 10 Aug 21 Aug Via
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      Page 44 Advertisements Column 3
      1134 44 /fgtTHONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) m Tel: *****22 Fax N0:_33Z2673 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH iiisia Iwt lin Inn urea m tn liot KIM SOON LI 30/90E 4 AUG PENANG JENHOL 12/90E
      1,134 words
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      Page 45 Advertisements Column 1
      680 45 VKSV compania peruana de vapores "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* A OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P. Kelang Singapore THOMASEVERETT 06,<08 Aug ROSEEVERETT 18/20 Aug 21/22 Aug SHAPLAEVERETT 25/27 Aug 28/29 Aug "EVERETT ORIENT LINE" JAPAN/BAY
      680 words
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      Page 45 Advertisements Column 2
      564 45 vsi Ivor fs'poet Ooainliner lux Ikst Isav |nyc [wfx A. VESSEL v* ZM PUSAN !M 7/9 lOfl I2fl 14/* ZHO KOPER 11E 14/8 ZIM LIVORNO lifl M 2M 2/14 ZIM ELAT 60€ ?V» ZIM GENOA 24/1 1/10 t/10 1/14 14/10 ZIM SINGAPORE JSE 2S/S ZIM GENOA 24/1 3/10 4/14 4/H
      564 words
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      Page 45 Advertisements Column 3
      659 45 Msing kwang hang WHIQ a TWWWMW <TTt) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAY/T" JENLINK 7/8 9/8 JENWEL I 10/8 I 13/8 VESSEL SPORE BANGKOK A VESSEL 6/8 9/8 A VESSEL 9 8 12 8 DESTINATIONS ETA SINGAPORE PORT KELANG 10 AUG MANILA 6 AUG HONG KONG. ALL
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      Page 45 Advertisements Column 4
      536 45 rw PERINTIS LINE I f ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE/PONTIANAK JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PONTIANAK TANTO SEJATI 07 In Pt 06/08 PELOPOfI 953 04/08 07/08 TANTO SEJATI 09 08/08 11/08 PELOPOR 954 11/08 14/08 TANTO UTAMA 95 10/08 13/08 TANTO UTAMA 97 17/08 20/08 TANTO UTAMA
      536 words
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      Page 45 Advertisements Column 5
      422 45 HI 5/8 KEELUNG/KAOHSIUNG 5/8 BANGKOK 10/8 MANILA/CEBU 4/8 JAKARTA/BELAWAN/SURABAYA 3/8 PORT KELANG/PENANG/E. Malaysia 6/8 BUSAN 5/8 TOKYO/YOKO/KOBE/NGO/OSA 6/8 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai UN EHMPE/M 3/8 LDN/FLX/LVP/SOU 3/8 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN BSA/CANAIA 4/8 LOS ANGELES/NEW YORK all IPI points 6/8 VANCOUVER/TORONTO/MONTREAL
      422 words
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      Page 46 Advertisements Column 1
      439 46 "7T CB SHIPPING MARINE SERVICES NORTH QUEENSIAND/PAPUA NEW GUINEA SERVICES Monthly service accepting FCL, LCL and breakbulk cargo to and from Lae, Port Moresby (P.N.Q.) and Townsville (Australia). Also other ports subject to Inducement. Next vessel "ANKE" VI6SB ETA S pore 17-18/8/90. Also starting regular service for project cargo to
      439 words
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      Page 46 Advertisements Column 2
      730 46 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE A.N V.13-90W 16/8/90 11/9/90 1/9/90 6/9/90 MB VI3CW9O 2/8/90 24/8/90 25/8/90 1/9/90 B.A V.14CW90 16/8/90 31/8/90 10/9/90 15/9/90 N.C V.14-90W 20/8/90 16/9/90 6/9/90 11/9/90 K.S V.15-90W 28/8/90 21/9/90 12/9/90 16/9/90 K.V.T V.15TW90 27/8/90 18/9/90 20/9/90 25/9/90 G.M.
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      Page 46 Advertisements Column 3
      671 46 r LCL/FCL SERVICE TO/FROM -7ZMArt-7/AMr a/9 Wr limit SINGAPORE: /f7Tv\ SjfgU 0+*****2 03-*****55 778 6522(22 lines) TO MlrtM Ong *mm CMm Alloa YmMm Y« flfflMi fflßß FROM SOUTH EAST ASIA/ FAR EAST TO USG/BRAZIL/ARGENTINA MV NORTWEEN NOVA MV SUNDERLAN ENDEAVOUR ETA SPORE 20/8 ETA SPORE 27/8 FROM BRAZIL FROM ARGENTINA
      671 words
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      Page 46 Advertisements Column 4
      239 46 ima^m FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 12MB 12/8 VIGOUR PACOTC 13NB 22/8 JAKARTA PELOPOR ETA: 4/8 SURABAYA TANTO UTAMA (93) ETA: 10/8 BANGKOK 5/8 9/8 BUSAN 5/8 10/8 HONGKONG 6/8 7/8 DURBAN 15/8 26/8 KEELUNG 5/8 12/8 PT. LOUIS 15/8 26/8 PT. KELANG 10/8 17/8 KOBE 6/8 13/8 PIRAEUS
      239 words
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  • Page 47 Miscellaneous
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      Page 47 Miscellaneous Column 1
      560 47 TIDES AND WEATHER room T»es (haght in metres) mat mio cm ijm im rw mi nwim i3M i«» m» i— n* em* 22,***** a 1.6 U 1-0 Oi 0.7 0J 1.0 L 2 1.4 1.7 1J 1J 1.7 15 L 4 13 L 4 li LI 23 25 2i 2i
      560 words
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      Page 48 Advertisements Column 1
      447 48 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL -B* SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG TBN 25/8/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK DWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 15/8 INDONESIA
      447 words
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      Page 48 Advertisements Column 2
      680 48 I/'HYUNDAI MERCHANT MAFUNE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKC LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNOAI INNOVATOR 34E 21/07 02/08 20/00 23/08 2C/00 25/®" LALANOIA 32W 2S/M 28/0S 01/07 IS/V 2(/B7 HYUNDAI EXPLORER 33E OS/00 00/00 27/00
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      Page 48 Advertisements Column 3
      376 48 CHARTPOINT Every Saturday in Business Times A financier's nightmare? Pf 2 UK/CONTINENT (TRIO) RR^^l |rw«€ Irro* hburc ihavth idam lcm BCHALOCR la M m 2M T ,1 MWMMM.hM.tOM MEDITERRANEAN (MED CLUB)* JEDDAH Wr»— I'caMii VnilM Cam Tnwta *1* s s -i 'B ssss 0 >3 ww NIPPOMCA law WW W
      376 words