The Business Times, 24 August 1990

Microfilm: NL17095
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 24 1990 75*
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  • NEWS SUMMARY
    • Article
      US durable goods orders rebound
      57 1 ORDERS to US factories for big-ticket durable goods rebounded 2.9 per cent in July, nearly recovering their June loss, the government said yesterday. The Commerce Department reported that orders for durable goods, expected to last more than three years, totalled a seasonally adjusted U*****.3 billion
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    • Article
      Higher turnover
      28 1 SINGAPORE'S information technology (IT) industry enjoyed a total turnover of 1.48 billion last year, up 39 per cent over the previous year's $1.06 billion Page 2
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    • Article
      Work hard, play hard
      38 1 SINGAPOREANS not only know how to work hard, but also how to play hard, Mah Bow Tan told 140 delegates from the Asia-Pacific attending the Young Presidents Organisation (YPO) TransPac conference yesterday Page 2
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    • Article
      Thai economy
      22 1 THE THAI economy will suffer next year if world oil prices remain at high levels, a report said Page 9
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    • Article
      Sign of commitment
      32 1 THE LATEST luxuj7 apartment project unveiled this week was an indication of the Japanese commitment to the Hongkong property market despite some bearishness about top-of-the-line residential investment Page 9
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    • Article
      Japanese mergers
      20 1 JAPANESE mergers and acquisitions (M&A) in Europe are likely to hit a record number this year Page 10
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    • Article
      High-definition TVs
      27 1 MAJOR Japanese electronic companies may soon begin commercial production of high-definition televisions in their attempts to make headway in the potentially lucrative market Page 10
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    • Article
      Nephew contests will
      26 1 GRETA GARBO's illnesses and alcohol abuse and her niece's undue influence caused the reclusive actress to disinherit her brother's illegitimate son Page 19
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    • Article
      Warehouse plans
      28 1 CONSUMER electronics giant Matsushita plans to centralise its distribution network in Singapore and Malaysia with the building of a new warehouse here. Shipping Tunes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow dives
      55 1 A FRESH WAVE of selling drove New York stock prices into a steep decline early yesterday as soaring oil prices and fears of war in the Middle East kept the world's financial markets in turmoil. The Dow Jones average of 30 industrials plunged 66.59 points to 2,493.56 in
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    • Article
      Footsie lower
      57 1 LONDON share prices were down at midday yesterday, with the broadly-based Financial Times-Stock Exchange 100-share index at its lowest level of the year. The key index is at 2,073.8, down 31.0 points or 1.5 per cent on the day. The narrower Financial Times 30-share index was down 21.2
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    • Article
      Industrial stocks hit
      38 1 SINGAPORE'S industrial stocks have suffered the worst falls since Iraq's invasion of Kuwait on August 2, while finance counters have shown that they have been comparatively more resilient than the rest so far Page 3
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    • Article
      Slower growth rate
      29 1 SENIOR bankers expect the growth rate in loans to slow down in the second half following the Iraqi invasion of Kuwait on August 2. Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Thursday Change BT-MGA 585.94 -23.53 Kuala Lumpur ....480.77 -38.46 Hongkong 2,871.41 -83.52 Tokyo 23,737.63 -1,473.28 Sydney 1,493.4, -35.8 Wednesday Change New York 2,560.15 -43.81 London 2,104.8 -3.3
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    • Article
      CURRENCIES
      21 1 Exchange rates US$ SS1.7810 Yen SS 1.2215 MS SS0.6605 Money market rates Overnight 6 1/2 unch 3-montn 6 3/4 -1/16
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    • Article
      COMMODITIES
      36 1 London Gold PM fix US$412.40 US$3.65 Rubtoor S'pore Sep !66.25«/kg +3.25 M'siaSep M245.50 '/kg +3.00 KL Tin Turnover 62 tonnes +22 Spot M$15.7Q/kg -0.11 Crude palm oil Turnover 579 lots unch Sept M$680 /tonne 5
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  • Article
    Saudi move sends oil prices soaring
    425 1  -  By Lilian Ang OIL PRICES in international markets soared yesterday on news that Saudi Arabia will stop exporting petroleum products such as petrol and gas oil to the Far East. Traders said refined product prices rose across the board by a sharp US$5 a
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  • Article
    Singapore bans Iraqi ships
    83 1 ALL SHIPS flying Iraqi flags will be banned from entering Singapore's seaports from today, the Port of Singapore Authority announced yesterday. In a brief statement to the local shipping community, the PSA said the ban was in keeping with the United Na- tions resolution on sanctions
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  • Article, Illustration
    Lock icon Stocks fall further
    373 1 ST index drops 54 points Nikkei hits lowest level since Feb 1988 SENTIMENT on regional stock markets declined further yesterday as nervous investors continued to unload their shares. Prices in Singapore tumbled amid heavy stoploss selling. The Straits Times Industrials Index dropped another 54.13 points to 1,127.89.
    Reuter picture  -  373 words
  • Article
    Lock icon US declares right to use force
    332 1 The Gulf Crisis Agencies US PRESIDENT George Bush has served notice that the US believes it can legitimately use force to make the embargo against Iraq stick with or without the approval of the UN Security Council. Meanwhile, more than two million foreigners were
    Agencies  -  332 words
  • Article
    US$ falls against most major currencies
    157 1 THE US dollar yesterday fell against most major currencies, including new record lows against the Singapore dollar, German mark and Swiss franc. In Singapore, the US unit fell to a new low of S$ 1.7800 yesterday, down from S$ 1.7850 on Wednesday. Later in
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  • Article
    SSL to hive off computer unit in revamp
    330 1  -  By Lee Han Shih STRAITS Steamship Land (SSL) is going through a restructuring exercise which involves selling its small computer business to a gov-ernment-linked company. At the same time, it is tranferring its information director Dr Wan Soon Bee to associate Steamers
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  • Article
    Lock icon Malaysian Airlines may increase fares
    237 1 Bernama MALAYSIAN Airlines is considering fare increases for international and domestic flights because of sharp increases in aviation fuel prices, managing director Tan Aziz Abdul Rahman said yesterday. "We are gathering the figures to work out the new fares, which have become necessary because of
    Bernama  -  237 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      263 1 I I #01-07 Orchard Emerald Tel: *****35 M Tudor Court Shopping Gallery (Level t), Tel: 7341(51 #0I N, Detfi Orchard, Tel: *****13 Ken Done CQ^«rHtUcy »Ptpt Store »M-0° Orchard Bht» IF THE PALM OIL GIANT WAKES 13 SINGAPORE DESIGN AWARD 14 Aircraft Schedule 29 Money Market 27 World Stock Markets
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      Page 1 Advertisements Column 2
      137 1 Worse hit indices, Pg 3 IF I AM kiasu, so are you. Personal Finance And since we're all kiasu. Investment let's buy this guy's comic The alternative safe-haven book Th s is essent a "y whal currency to the US$ the creator of Mr Kiasu. is silver Is it time
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      Page 1 Advertisements Column 3
      106 1 Militant producers block Opec meeting, Pg 11 Bunker surcharge on Arabian Gulf shipments, Shipping Times Pg 1 Woes of the doleful US dollar, Pg 12 Rjj^TC BALLY BOUTIQUE in SINGAPOfft Show Centre Raffles City/Royal Hobday Inn BALLY AUTHORISED DEALERS Champion Shoe Co Chanrai Singapore Daimaru Dj»n Boutique Euro Shoe Shop
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      Page 1 Advertisements Column 4
      7 1 HlFlffl®® I 1 MIfJOIIA Quadruple Zoom+Auto Two-Color
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  • NEWS ROUNDUP
    • Article
      Singapore, US joint air exercise
      108 2 THE air forces of the United States and Singapore have been conducting a joint exercise at the Paya Lebar Airport. To end today, the two-week joint exercise code-named Ex Cope Sling 90-2 was part of a series of bilateral air exercises between the two air
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    • Article
      Prime Minister's address
      41 2 THE PRIME MINISTER will be addressing the National Day Rally at the Kallang Theatre on Sunday. Mr Lee Kuan Yew will be speaking in Malay, Mandarin and English. The event will be broadcast live on television and radio.
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    • Article
      On to finer things
      141 2 IT IS to be hoped that holding lucky draws at social functions is only a passing fad for Singaporeans, said Ong Teng Cheong at the National Trades Union Congress National Day Parade Contingent dinner last night. "More refined forms of entertainment should gradually take their rightful
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    • Article
      Changi Airport's tops
      80 2 CHANGI Airport, which is expected to handle more than 15 million passengers this year, has been voted world's best airport for the third year running by readers of international magazine "Business Traveller". For the first time, the airport was also voted as best in terms of incoming
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    • Article
      More bouquets
      60 2 SINGAPORE'S Mass Rapid Transit system, restaurant services and food, tourist information and guides, taxi services and immigration clearance system received kudos from tourists visiting the island last year, according to a 1989 survey done by the Singapore Tourist Promotion Board. A report on the survey, which covered some
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    • Article
      Road to safety
      90 2 SINGAPORE'S roads are the third safest after Japan and Australia in the Asia-Pacific region, said the Minister For Communications Information Dr Yeo Ning Hong at the opening of the International Road Safety Conference 1990 yesterday. However, the 230 deaths resulting from road accidents here last year were
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  • Article
    IT industry registered $1.5b turnover
    327 2  -  By Suzanne Soh SINGAPORE'S information technology (IT) industry enjoyed a total turnover of $1.48 billion last year, up 39 per cent over the previous year's $1.06 billion. Last year's growth rate was higher than 1988's 35 per cent, according to preliminary results of the National
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  • Article, Illustration
    Awards for top bilingual students
    156 2 IN 1974, the Premier donated some lecture fees he had received to the Ministry of Education so that the interest on the money could be used for book prizes for Singapore's best bilingual students. Speaking yesterday at this year's presentation of his book prizes to
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  • Article
    Joint venture wins convention centre job
    277 2  -  By Genevieve Cua NISHIMATSU Lum Chang JV (NLC JV) has clinched the plum $130 million substructure (Package 2) contract for the billion-dollar Singapore International Convention and Exhibition Centre. The company, a joint venture between Lum Chang Building Contractors and Nishimatsu Construction, had earlier won
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  • Article
    Working hard and playing hard too
    228 2 SINGAPOREANS not only know how to work hard, but also how to play hard, Mah Bow Tan told 140 delegates from the Asia-Pacific attending the Young Presidents Organisation (YPO) TransPac conference yesterday. Mr Mah, who is Minister of State for Trade Industry as well
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      184 2 Our passengers to London will be delighted to find our mealtimes highly irregular. s+*i« m /V* w y* w w w I w \j» 4 v x* #v X* k W r V I* W V On board Air Canada, you'll find that course lobster Flexi-Meal, which you can missing
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Industrials worst hit in S'pore stock falls
      530 3  -  Impact of Gulf crisis on financial markets By Magdalene Ng SINGAPORE'S industrial stocks have suffered the worst falls since Iraq's invasion of Kuwait on Aug 2, while finance counters have shown that they have been comparatively more resilient than the rest so far.
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    • Article
      Lock icon Maybank profits increase 114 pc to M$ l72 million
      420 3 MBT BUOYED BY strong economic growth and substantial loan recoveries, Malayan Blanking has turned in a commendable set of results for the year ended June 30, 1990. The group posted a profit after tax and minority interests of M 5172.13 million
      MBT  -  420 words
    • Article, Illustration
      Lock icon Pacific Bank to seek growth at 'even pace'
      349 3 Bernama PACIFIC BANK Bhd, which made its debut on the KLSE main board yesterday, will seek growth "at an even pace", says its chairman. The bank's growth in the past had been rather slow but "we are now trying to catch up",
      Bernama  -  349 words
    • Article
      Metal Con unit takes 64pc stake in restructured US firm
      366 3  -  By Yong Pow Ang CARLEE ELECTRONICS, a member of Metal Containers Limited, has acquired a 64.5 per cent stake in an American computer tape storage sub-system company that was under Chapter i 1 protection. A creditor of Interdyne Company, Carlee
      366 words
    • Article
      Concern over loans secured by shares
      324 3  -  By Quak Hiang Whai WITH LOCAL share prices diving in the past few days, banks and finance companies are concerned about their exposure in loans secured by shares. And as a normal prudent measure, many of them have started to call on their clients
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    • COMPANY BRIEFS
      • Article
        Trading in SSE shares to start on Tuesday
        27 3 The Stock Exchange of Singapore yesterday announced that trading in Singapore Shipbuilding Engineering shares will commence from Aug 28.
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      • Article
        YHS (M)'s profit up 2.2 pc
        73 3 YEO Hiap Seng (M) Bhd has recorded a 2.2 per cent rise in group pre-tax profit to M 57.12 million for the half year ended June 30, 1990, from M 56.97 million in the previous corresponding period. Group turnover increased 14.3 per cent to
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      • Article
        Lanjut wants DCA Pemaju
        42 3 KAMPUNG Lanjut Tin Dredging Bhd announced yesterday proposals to acquire the entire equity of property developer DCA Pemaju (M) Corp Sdn Bhd for Ms4o million and for a two-for-one rights issue to help raise funds for the acquisition.
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      • Article
        SMI gets CIC approval
        71 3 SOUTH Malaysia Industries Bhd said it has obtained the approval of the Capital Issues Committee to sell 55 per cent equity interest, or 2.475 million ordinary one-ringgit shares, in Formis Computer Services (M) Sdn Bhd to Pegi Malaysia Bhd on revised terms. Under the revised terms,
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      • Article
        Dunlop incurs M$ l.2m loss
        84 3 DUNLOP Estates Bhd, which is disposing its entire plantation estates and related assets to Industrial Oxygen Incorporated Bhd, yesterday announced a group pre-tax loss of M 51.20 million for the half-year ended June 30, 1990 against a pre-tax profit of M$ 18.30 million in the
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    • Article
      How ACF will be merged with Keppel
      359 3  -  By Conrad Raj THE Keppel group, which will be consolidating all its financial services businesses under Asia Commercial Bank, yesterday disclosed the scheme of arrangement for the merger of Asia Commercial Finance with listed Keppel Finance Ltd. The proposed scheme will involve the
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      61 3 jyk av 4 iflHk H MF2 d d *o 0 assembly facility just to have the best diskette made to store your precious data. .If A Sound Technic Private Limited 60 Kallang Pudding Road tm #07-00 Tan Jin Chwee Ind Bldg "Committed to Memory" Singapore 1334. Tel; 7^J 4 722
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Shuwa raises stake in Isetan to 23.4 pc
        80 4 JAPANESE PROPERTY DEVELOPER Shuwa Corp boosted its holdings in department store chain Isetan Co Ltd to 23.4 per cent from 18.4 at the end of February, it was announced in Tokyo on Wednesday. A spokesman for Shuwa, Isetan's largest shareholder, said the
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      • Article
        SET to open first branch
        68 4 THE SECURITIES EXCHANGE of Thailand plans to open its first branch, in Chiang Mai, either late this year or early next year, according to The Nation. The opening of the SET branch will come after the openings of Chiang Mai branches of finance and securities
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      • Article
        Kajima to seek London listing
        69 4 KAJIMA CORP is to become the first Japanese construction firm to list its shares on London's International Stock Exchange on Sep 4. The firm will officially apply for the listing on Aug 29, and is expected to receive approval from the exchange on Aug 31.
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      • Article
        Hambro pulls out of issue
        85 4 HAMBRO PACIFIC has invoked a force majeure clause to end its obligations to underwrite Cheuk Nang's proposed HKS2O3 million rights issue, according to the South China Morning Post. Cheuk Nang announced on Tuesday that an independent committee of the board of directors, excluding its chairman,
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      • Article
        Lavalin close to winning deal
        61 4 LAVALIN INTERNATIONAL INC, a division of Lavalin Industries Inc, is one step away from winning a US$2.3 billion contract to build a rapid transit system in Bangkok after a Thai agency on Wednesday recommended Lavalin's bid to the Cabinet. Company president Marcel Dufour said m
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      • Article
        Chip maker to boost output
        67 4 AN ELECTRONICS SUBSIDIARY of Kawasaki Steel Corp will boost semiconductor output by investing 20 billion yen, a Kawasaki spokesman said in Tokyo on Wednesday. Nippon Semiconductor Inc Ltd, owned 45 per cent by Kawasaki and 55 per cent by LSI Logic Corp of the US,
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    • Article
      Lock icon Taipei cracks down on largest underground bank
      467 4 Reuter TAIWAN has cracked down on its largest underground investment house, the Hung Yuan group, ending an era that saw hundreds of thousands of people risk their life savings in the hope of huge gains. A spokesman for the Bureau of Investigations said
      Reuter  -  467 words
    • Article
      Extraordinary gain boosts profit at EIE Development
      260 4 EIE Development (International) reported a 62 per cent drop in profit before extraordinary items to HK$B.7 million from HK523.5 million in the year to March 31, the South China Morning Post has reported. However, extraordinary profit of $303 million against $153 million boosted
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    • Article
      Lock icon FCL posts seventh straight record profit
      182 4 AFP FLETCHER Challenger Ltd (FCL), New Zealand's largest listed company, has recorded its seventh successive record annual profit. For the year ending June 30, after-tax profit was NZ5662.4 million (U*****.5 million), according to its annual report which was released in Auckland on Wednesday. In
      AFP  -  182 words
    • Article
      Cavendish interim earnings go up by 35.4 pc
      295 4 CAVENDISH International Holdings has posted a 35.4 per cent increase in interim earnings to HK$547 million, due mainly to results of associated companies. Cavendish chairman Simon Murray has forecast "encouraging" prospects for the second half while showing caution about ramifications from the
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    • Article
      Comics king regains reign over Jademan
      379 4 COMICS KING Tony Wong Chun-loong regained control of his publishing empire, Jademan (Holdings), finishing a 13-month struggle. With the financial support of Sally Aw Sian of the Sing Tao group, Mr Wong on Tuesday redeemed 225.8 million shares from Mr Tony Zie, the comics
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    • Article
      Lock icon Pancontinental and partners raise A$ 140m
      322 4 Reuter DIVERSIFIED resources company Pancontinental Mining Ltd and its joint venture partners in Australia's first magnesia project have raised Asl4o million to fund its development, Pancontinental chairman Tony Grey said. He said in a statement the facility, signed on Wednesday, comprises a limited recourse
      Reuter  -  322 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      150 4 Dowager woulcl have longpdfor... i Lon ev t y recipes and I new cuisine that have been aspired since. vSBfIPUI Tingli Hall, located on Longevity Hill in m t ie Summer Palace was where the Empress Dowager used to enjoy fine Since 1949, Tlngll Hall Restaurant °P enec its doors
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      Page 4 Advertisements Column 2
      68 4 4M- I 9 SptiiAn Rn» Hand-knotted Cmpea GRAM) AUCTION Sunday, August 26,1990. Pi |jS Grand Ballroom |g Hilton International 100 Hand-knotted Persian, Village, Tribal and Workshop pieces. Auction Sale: 1.30pm spm All lots are guaranteed and backed by a full trade in value at our showroom. tfgA me# Auctioneers: Cheon#
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      Page 4 Advertisements Column 3
      198 4 ONE PRICE SALE REGARDLESS OF ORIGINAL PRICE ALL SAME BRANDED ITEMS ARE ONE PRICE! ONCE IN A LIFE TIME OPPORTUNITY TO BUY DESIGNER GOODS AT BELOW TAILOR PRICE. PRINCIPE SUITS Ss69o MR. VAN SHIRTS Ss6o AUSTIN REED SUITS Ss69o STEPHENS BROTHERS SHIRTS Ss9o EXAMPLE SUITS SS79O STEPHENS BROTHERS SHORT MISSONI
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  • Page 5 Advertisements
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      398 5 >Hf» ~nruutnrtwi\}'ti[iMo!»w ji 1Im^|i<r»iimtfrm.i'ffrrMr T-irrrrr^itTfrrrrq<if»n)mm\ i SINGAPORE LAUNCH .f wwiwi ti irsMm u Time: 10am-9pm 4 months ago were an instant sell out. fc rnrr a a But now you too can experience what 212 t TAMAN 4 L toant *1 M:m\LiMj Day Return Trip To K.L g smart owners
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        US role in spaceport approved
        66 6 US PRESIDENT GEORGE BUSH has conditionally allowed United Technologies Corp to take part in Australia's planned private spaceport, the Australian government announced on Wednesday. The Australian plan for the world's first private spaceport, which expects to use Soviet rockets to put satellites in ort)it by
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      • Article
        BICC profits up 7.5 pc
        87 6 BRITISH public works and cables concern BICC said on Wednesday that its taxable profit rose 7.5 per cent in the first six months of this year to £100 million from £93 million last year. The figures came as an agreeable surprise to the market, which
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      • Article
        HSA planning to cut 600 jobs
        53 6 DEFENCE ELECTRONICS COMPANY Hollandse Signaal Apparaten (HSA) plans to cut 600 of its 5,000 jobs over the next five years. An HSA spokesman in Amsterdam said on Wednesday that this was on top of the 900 redundancies announced in July, but would be accomplished
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      • Article
        Acquisition cleared
        44 6 THE BRITISH DEPARTMENT of Trade and Industry (DTI) has cleared the US$55O million acquisition by Tomkins pic of Philips Industries Inc. A DTI statement on Wednesday said the deal would not be referred for investigation by the UK Monopolies and Mergers Commission.
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    • Article
      Lock icon Hanson thrashing out bid for UK's Power Gen
      361 6 Reuter HANSON pic remains locked in talks with the UK Department of Energy (DoE) over making a formal offer for state-owned electricity generating company PowerGen, but an offer is still expected to emerge soon, the DoE said on Wednesday. "There are a
      Reuter  -  361 words
    • Article
      Lock icon Daf keeps options open on possible cooperation pact
      354 6 Reuter ANGLO-DUTCH truckmaker Daf NV, judged by analysts as too small to survive on its own, has not ruled out a strategic cooperation pact with another company. Asked in Eindhoven on Wednesday on whether the recent pact between Sweden's AB Volvo and
      Reuter  -  354 words
    • Article
      Lock icon Rentokil expects continued growth
      181 6 Heater ENVIRONMENTAL art property services firm Reatokil Group pic expects food growth shown in first-half 1990 to coatiaue in the second halt The group, a unit of Danish holding compaay Sophas Berendsen A/S, earlier posted a 23 per ceat first-half rise ia pre-tax profit to £345
      Heater  -  181 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 2
      192 6 Personal touch. Gracious living. Smiling, friendly faces await you at Liang Court Regency. Elegant apartments with residential touches. Superb amenities for recreation, entertainment, dining out and shopping a your doorstep. A choice location near exciting Orchard 4BT Road and the central business district. And k I jjfey" most of all,
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  • FINANCIAL NEWS
    • Article
      Bankers expect slower growth for loans
      791 7  -  By Diana Oon SENIOR bankers here expect the growth rate in loans to slow down in the second half following the Iraqi invasion of Kuwait on Aug 2. They said banks have now adopted a more cautious lending stance, while both companies and individuals
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    • Article
      China assures HK banks over Taiwan links
      319 7  -  From Catherine Ong in HONGKONG A SENIOR Chinese banker has ruled out the possibility of direct banking links between China and Taiwan in the near future and has assured financial institutions in Hongkong a continued mid-dle-man role. Mr Shu Tse-wong, chairman and managing
      319 words
    • Article
      Japanese firms to spend more
      213 7 JAPANESE companies are expected to raise their capital spending by an average of 16.1 per cent in the current fiscal year ending March 31, 1991, after a 10.9 per cent rise in 1989/90, Nippon Credit Bank Ltd said in a report. The report was based
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    • SMALL CHANGE
      • Article
        CME plans to launch rouble market next year
        72 7 THE Chicago Mercantile Exchange, one of the world's largest commodity and financial futures markets, announced plans on Wednesday to develop a dollar-based futures market for the rouble, the Soviet currency, by late next year. CME chairman Leo Mdamed said it would take
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      • Article
        Bank to open Bangkok office
        67 7 KREDIETBANK NV said it planned to open a representative office in Bangkok, Thailand as part of its expansion in the Far East. Kredietbank, Belgium's third largest commercial bank, said in a statement the office's activities would cover Thailand, Malaysia, Singapore and Indonesia. It will be
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      • Article
        BofA to close Bahrain! branch
        74 7 BANK of America is to dose down in Bahrain but stressed that the Gulf crisis had not been a major factor in the decision. "We will continue to serve the area in a more cost effective manner from London," said Zakir Mahmoud, the bank's vice
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      • Article
        Shareholders vote for change
        68 7 ALGEMENE Bank Nederland NV (ABN) shareholders voted in favour of a change in the bank's articles of association, paving the way for ABNTs merger with Amsterdam-Rotter-dam Bank NV (Amro). The banks will announoe whether their bid will be unconditional today, but the decision would be a
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      Page 7 Advertisements Column 1
      205 7 1 I——■ Ehmymm 4 jdHSKM k takes a fraction over 12 seconds BBS for the XJ-S. Vl2 Convertible to back all the joys of open top MM £Mb motoring. And to automoialy gKjfo stow the heated gUss rear window Or the open road the 5.3 fine E I engine allows
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  • Page 7 Miscellaneous
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  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      1324 8 TTvcn so. Mr. 1 ranzetti is optimistic. Emerging Markets Fund. These portfolios, "Mounting pressure from international organi- which often trade at small premiums to net aset ITIOrC CXOtIC OOtlf\rio unions like the World Bank will ultimately value, have a wide range of investments 1 result in open and fast growing
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  • THE REGION
    • Article
      Lock icon High oil prices threaten growth rates next year
      491 9 Thailand unlikely to be hard hit this year Bangkok Post THE Thai economy will suffer next year if world oil prices remain at high levels according to a report in the Bangkok Post. The newspaper on Wednesday quoted a Bank of Thailand
      Bangkok Post  -  491 words
    • Article
      Lock icon Thais to open border market with Cambodia
      191 9 AFP THAI authorities have agreed to open a border market to trade with Cambodia, an official source at the border said on Wednesday. The decision was made on Tuesday during a meeting of high ranking officials from the army, the customs department, the
      AFP  -  191 words
    • Article
      Lock icon Japanese continue to invest in Hongkong property
      434 9 South China Morning Post THE latest luxury apartment project unveiled this week was an indication of the Japanese commitment to the Hongkong property market despite some bearishness about top-of-the-line residential investment, according to Levett and Bailey. The Amber complex in Happy Valley was
      South China Morning Post  -  434 words
    • NOTE BOOK
      • Article
        Iran to sell Thailand oil at special price
        135 9 IRAN has agreed to sell 1.95 million barrels of crude oil to Thailand based on what Thai officials describe as "friendship". Teheran agreed to charge the special price for the oil as a diplomatic gesture to Deputy Prime Minister Pong Sarasin who
        135 words
      • Article
        India raises duties
        81 9 INDIA has announced a 10 per cent hike in excise duty on private cars in a bid to contain petroleum sales in the aftermath of the Gulf crisis. Finance Minister Madhu Dandavate told the Lower House of Parliament on Wednesday that the increase from 40 to 50
        81 words
      • Article
        Aquino's proposed budget
        92 9 PRESIDENT Corazon Aquino asked the Philippine Congress on Wednesday to pass a 254.4 billion peso (U5510.34 billion) budget for 1991, nearly a third of which would be used to repay foreign and domestic debts. The proposed amount, 20.1 per cent higher than last year's budget in nominal
        92 words
      • Article
        ADB approves grants
        49 9 THE Asian Development Bank has approved a total of US$l.4 million in grants to Indonesia, Bangladesh and Nepal. An ADB statement on Wednesday said the largest grant, totaling US$6OO,OOO, will go to prepare an economic and environmental development programme for the Nepalese mountain region of Bagmati.
        49 words
      • Article
        Gatt talks likely to succeed
        96 9 ONGOING multilateral talks on reducing trade barriers will succeed because they are too important to fail, New Zealand Foreign Minister Mike Moore said yesterday. The Uruguay Round of the General Agreement on Tariffs and Trade (Gatt) talks is due to conclude by the end of
        96 words
    • Article
      Lock icon North-east Asia driven by economic factors
      469 9 AP ECONOMIC factors are replacing political-military strategy among the nations of North Asia and nowhere is that clearer than on the divided Korean peninsula, says a top American analyst. "Economics is now driving North-east Asia," said William Taylor, Jr, the vice-president at the Centre
      AP  -  469 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      620 9 r With the two most powerful in the world. Hongkongßank I Hongkongßank J WHY WAIT? The sooner we receive this application, the sooner you'll receive our cards. I HONGKONGBANK VISA CARD/MASTERCARD APPLICATION FORM. A MINIMUM INCOME OF 5524,000 PER ANNUM IS REQUIRED FOR CLASSIC VISA AND MASTERCARD A MINIMUM INCOME
      620 words
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  • THE WORLD 1
    • Article
      Lock icon Japanese mergers, acquisitions in Europe set to hit record
      455 10 Reuter JAPANESE mergers and acquisitions (M&A) in Europe are likely to hit a record number this year, industry and financial sources in London said. "I'm sure that Japanese M&A in Europe will break the record set last year," said Yoshitaka Kitao,
      Reuter  -  455 words
    • Article
      Lock icon Japanese may soon make HDTVs commercially
      321 10 NYT MAJOR Japanese electronic companies may soon begin commercial production of high-definition televisions (HDTVs) in their attempts to make headway in the potentially lucrative market, according to electronic industry officials. While regular HDTV broadcasts will not be aired until later next year, officials at
      NYT  -  321 words
    • Article
      Lock icon US approves sale of six computers to the Soviets
      276 10 NYT IN A significant policy relaxation, the US government is allowing Control Data Corp to sell six mainframe computers to the Soviet Union. The machines, which are considered mid-size mainframes and not supercomputers, will be used for analysing safety factors in
      NYT  -  276 words
    • Article
      Lock icon Germany to unite on October 3
      239 10 Reuter EAST and West Germany will unite on October 3, healing four decades of postWorld War Two division. The East German Parliament fixed the date in the early hours of Thursday morning after a marathon session. "Parliament has decided no more and no less
      Reuter  -  239 words
    • WORLD WATCH
      • Article
        Spain seeking steel sector solidarity
        61 10 SPAIN'S Industry and Energy Ministry is promoting a link-up between state-owned steel firms Altos Homos de Vizcaya SA-AHV and Empresa Nacional de Siderurgica SA-Ensidesa to strengthen Spain's position in the European steel market. It said the goal is to achieve a strong and integrated steel
        61 words
      • Article
        Japanese, Soviets meet
        63 10 JAPANESE and Soviet governors opened their first Tokyo conference in Tokyo on Thursday to discuss ways to promote cultural and economic links between their people, Japanese sponsors said. The Tokyo Conference, sponsored by the Japan Prefectural Governors' Association, followed a 1988 session in Moscow, the first since
        63 words
      • Article
        Seal for Japanese produce
        43 10 JAPAN'S Ministry of Agriculture, Forestry and Fisheries plans to establish a quality-evaluation system for farm produce and design a special seal for goods meeting the government's standards in an effort to promote exports of Japanese agricultural products, officials said.
        43 words
      • Article
        Ready to befriend Pretoria
        38 10 SOUTHERN African states which joined ranks 10 years ago to isolate and reduce dependence on Pretoria celebrate a decade of economic cooperation this week by extending a hand of friendship to their old foe.
        38 words
    • Article, Illustration
      Lock icon Militant producers block bid to hold emergency Opec talks
      882 11 The Gulf Crisis NYT A MILITANT GROUP of oil producers led by Algeria, Libya and Iran has blocked a renewed attempt by Saudi Arabia and Venezuela to convene an emergency meeting of Opec to try to stabilise soaring oil prices. The
      NYT  -  882 words
    • Article
      Lock icon Crisis puts many Saudi construction projects on hold
      344 11 AP J BILLIONS OF DOLLARS in construction projects have been put on hold in Saudi Arabia because of the Gulf crisis, causing jitters among the foreign business community, American businessmen said on Tuesday. "This has got to have an adverse effect," said
      APJ  -  344 words
    • Article
      Lock icon Opec members to meet for consultations on Sunday
      223 11 Reuter OPEC will meet for consultations on developments in the world oil market on Sunday, and members can decide then whether to hold an emergency meeting, Indonesian Mines and Energy Minister Ginanjar Kartasasmita said. "Opec has decided to invite ail members not
      Reuter  -  223 words
    • Article
      Why the Gulf crisis continues to hit Wall St
      494 11 UNLIKE many other events that have briefly depressed Wall Street in recent years, the showdown in the Gulf keeps driving down stock prices weeks after Iraq's invasion of Kuwait first hit the headlines. One reason for this persistence, analysts say, is
      494 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      287 10 mi AUDIIOO A GERMAN THOROUGHBRED A erodynamically superior engineering, e fulty gafvanised body end distinctive German style put the Audi 100 in a class of its own. 3-year unlimited warranty on the engine and drive train. 10-year warranty ageinst bodywork rust from the MOTORS 2.0 Utre and 2.2 litre fuel-injected
      287 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      315 11 ihvi2/«9 Friday August 17 1990 S'pore office rents fifth costliest in the world M rt*i tKc fc«rac«t Ihwf lr««f jint.wom «•■*«> »•!-**> Nr> Tart IKM tk« <—* z 1 £Cj?S The office rental squeeze is on! With a Faculty of leading experts from shakeout in office rental prices not expected
      315 words
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      Page 11 Advertisements Column 2
      27 11 J fyiiili /^^k. BL-/ ™pp^^ S.T. Dupont Invites You To Discover Their Ready-to-Wear Collection For Men. <^SUmonL #02-07 WISMA ATRIA, 435 ORCHARD ROAD, SINGAPORE 0923. TEL: 734
      27 words
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  • Article
    Staying on course
    458 12 EDITORIAL OME THREE weeks into the Gulf k crisis, stock markets continue to tumf ble while the major economies have n to stumble. With the likelihood of more stormy weather ahead, business and economic planners everywhere need to take a hard relook at strategies that just a
    458 words
  • WHAT THE OTHERS SAY
    • Article
      Kicking the oil habit
      223 12 THE verdict so far is that the current oil shock will not reach 1973 or 1979 proportions. This time, oil reserves and the diversity of sources will sustain most economies through the immediate crisis, experts say. The problem with these assurances is that they address only
      223 words
    • Article
      A pass for the future
      132 12 THE need for Malay students to further improve their ELI has been repeatedly stressed, and most recently by the Senior Minister of State (Education), Dr Tay Eng Soon. Though ELI pass rates have improved considerably, they still lag behind the national average. So, much needs
      132 words
    • Article
      Girding for hard times
      125 12 SINGAPORE'S economic outlook has dimmed somewhat in the wake of the Gulf crisis. The sharp rise in retail oil prices will soon trigger a bout of inflation, affecting wage earners and companies alike. A scaling down of expectations is in order. But this is no time
      125 words
  • REGIONAL VIEWPOINTS
    • Article
      A gloomy picture
      128 12 PRESIDENT George Bush's policy of maintaining economic growth without inflation by moderately easing credit while simultaneously reducing federal deficits is beginning to falter. With the midterm election scheduled for November, Mr Bush probably will have no choice but to try to maintain economic expansion through an easy
      128 words
    • Article
      Keep the orchid blooming
      183 12 OF late, Thai Airways International's hard-earned "Smooth as Silk" service reputation appears to have fallen victim to unprecedented flight delays and cancellations. Thai's management clearly has to end the disruptions as quickly as possible. The airline's employees at various levels of responsibility from technicians to senior
      183 words
    • Article
      A serious commitment
      118 12 ENVIRONMENTAL consciousness for Hongkong has come a long way in a relatively short time. Hongkong need not emulate those countries, but it should consider setting up an Eneigy Commission to investigate power companies which have not convincingly proved that their ambitious expansion plans are justified by local
      118 words
  • Article, Illustration
    Lock icon The woes of the doleful US dollar
    964 12 The dollar, like gold, is supposed to do well in a war. Yet since the Gulf troubles erupted, it has reached an all-time low against the D-mark. Will it drop further? Economist THE dollar, the argument goes, is easily the world's most popular
    Economist  -  964 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      812 12 Svenska Handelsbanken (Incorporated in Sweden) Singapore Branch: 65 Chulia Street. #21-00. OCBC Centre. Singapore 0104 Telephone Int: 65 *****00 Telex RS ***** SHBSIN Telefax Int: 65 *****09 General Manager: JARL WENNERHOLM Consolidated Balance Sheet 31 December Consolidated Statement of Income Note 1989 1968 Note 1989 1988 SEK M SEK M
      812 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      32 12 DOONESBURY BY GARRY TRUDEAU lUNfPMIJCB, I fSOOBHUON, you PIP f OH, PICK (xX/Rt POtNeT\ PICK,BUTSOMBOM WH THN6.LACB. MOULPI J H ftJ HAP X) SIMP UP IW. KXJAIMJAVS DO MM- ahp&comtep. WW J
      32 words
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  • ANALYSIS
    • Article
      Lock icon Eastward ho for Western chips
      1089 13  -  Shipping a personal computer from Minsk to Silicon Valley must be tne 1990 equivalent of'coals to Newcastle'. Louise Kehoe reports on the exciting new business opportunities which eastern Europe offers to semiconductor companies. Louise Kehoe FT JEFFREY G rammer, managing director of eastern European enterprises
      FT  -  1,089 words
    • Article, Illustration
      If the palm oil giant should wake
      1304 13  -  Can Indonesia take on Malaysia to become the world's leading producer and exporter of palm oil? David Chew looks at the current state of affairs and concludes that Indonesia should not be underestimated. David Chew WORLD production of palm oil, the number two
      1,304 words
    • Article
      Lock icon Why going ever so slowly may be best for all
      778 13  -  Stephen Glain reports on the arguments of an influential man who is against opening up Taipei's stock market to direct overseas investments. Stephen Glain IHT IN his rolled-up sleeves, oversized glasses and rumpled shirt, Dr Chung-hsing Chen is not Taiwan's
      IHT  -  778 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      111 13 pavsoNysicMi*CONTEMPORARY SIGNAGE FROM THE USA )n to< jay's fast moving and ever changing world —it is important to I have clear, concise communication. fMjBSBtM f DAVSON/SKSNIA meets this need I with its range of sleek, modern and designer styled changeable letter Desk Plates s. Doer Plates Open Boards Cowered Boards
      111 words
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  • FOCUS
    • Article
      Mark these products
      230 14 DESIGNED-in-Singapore products look set to make their mark on the international scene if the entries for the second Singapore Design Award (SDA) are anything to go by. Nine out of the 10 shortlisted winning entries were from local companies, underlining the importance Singaporeans now attach to design
      230 words
    • Article, Illustration
      Tipping the scales in favour of no queues
      532 14  -  Design the language by which a product communicates with the customers. Judging by the shortlisted entries of this year's Singapore Design Award, local manufacturers have learnt this language well. Schutz Lee talks to three companies and finds out what makes a good
      532 words
    • Article, Illustration
      Global Frozen Food about to live up to its name
      466 14 AFTER eight years of selling to Singaporeans, Global Frozen Food Pte Ltd is going to live up to its name it's moving to compete in the international food industry. And it is counting on a new look for its packaging
      466 words
    • Article, Illustration
      A well-designed, innovative product for killing germs
      384 14 AMONG the 10 shortlisted entries for this year's Singapore Design Award, the Germitrol 200 stands out for being not just a piece of good design, but an innovative product as well. The Germitrol 200 is the brainchild of Derek Seah, founder of Airesearch
      384 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      51 14 a A ifl m -v« jO^m A diamond I to express love forever. $?> Solid gold group Solid Gold Jewelry Pte Ltd 9S South Bridge Road, #01-02/03 Pidemco Centre, Jewellery Man, Singapore 01 OS Tel *****28 Caraters Jewellers Pte Ltd 95 Scxith Bridge Road, #01-04/0S Pidemco Centre.Jewellery Mart, Singapore 010S
      51 words
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      Page 14 Advertisements Column 2
      151 14 fine ■carpets THE roUNPCK for the Discerning Buyer RARE OLD NEW OLD TRIBAL AUTHENTIC PERSIANS AFGHANS NEW PAKISTAN TIENTSIN WOOLLEN/ PERSIAN SHANGHAI SILK BOKHARA DESIGNS PERSIAN DESIGNS Collector's Item PERSIAN TABRIZ 4m 4m Raised pattern. Foundation of gold thread with pile of silk and wool. How to buy A Good
      151 words
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  • Page 15 Advertisements
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      116 15 C^IZI=IIZZZIZZZZZZZZ=^I^^^^3 IGRATULATIONS 1 TUNG LOK GROUP OF RESTAURANTS H on the opening of H 3UNT CHINESE CUISINE RESTAURANT 11 st Road, #01-01/02 Paramount Hotel Shopping Centre. Singapore 1542. Ttel: 440-3233. 11l [Mill H Deep Fried Crab ill Braised Superior Shark's Fin Wilh Consomme Coated With Minced Shrimps Hong Kong Pi
      116 words
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  • SPORTS
    • Article, Illustration
      Lock icon Gomez overcomes Jelen in Hamlet
      448 16 Agencies ANDRES GOMEZ of Ecuador, seeded second, overcame a service-break deficit in the third set to defeat Eric Jelen of West Germany 6-4, 3-6, 6-3 on Wednesday to gain the quarter-finals of the Hamlet Challenge Cup in New York. "I was winning comfortably," Gomez, the
      Agencies  -  448 words
    • Article
      Lock icon Santa Monica quartet fails in world bid
      334 16 Reuter COLD and windy weather thwarted a fifth bid this year by Carl Lewis and his Santa Monica Track Club teammates to break the world 4xloo metre relay world record on Wednesday. Olympic champion Lewis combined with Leroy Burrcll, fastest man in the
      Reuter  -  334 words
    • Article
      Philippines, Thailand share top spot in Putra Cup
      242 16  -  By Cassandra How FAIR weather saw good play on the second day of the 30th South East Asian Amateur Team Championships at the Tanah Merah Country Club (Garden Cruise) yesterday. The Philippines and Thailand are in joint first position with a best
      242 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      1058 16 IlKl Compagnie Financiere de Paribas I Head Office: Banque Paribas, 5, rue d'Antin, ***** Paris, France. I I W Singapore Branch: 16 Raffles Quay Hong Leong Building, Singapore 0104. Tel: *****44. I Exchange Rate: At 31 December, 1989: US$l FF 5.7880 I Consolidated Balance Sheet I (In millions, at December
      1,058 words
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      Page 16 Advertisements Column 2
      939 16 NOTICES M THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ALCAPHARM C.F.B. (8) PTE LTD (In Members' Voluntary Liquidation) NOTICE OF SPECIAL RESOLUTION (Pursuant to Sactlon 290 (2)(b) At an Extraordinary General Meeting of the company held at 55 Cuppage Road. •06-07/08 Cuppage Centre, Singapore
      939 words
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      Page 16 Advertisements Column 3
      373 16 THE COMPANIES ACT, CAP. TENCO DmBRMBfT PR LTD 1 vo^sr liquidation) At an Extraordinary General Meeting of Tenco Investment Pte Ltd duly convened and held at 10 Jalan Besar #02-01 81m Llm Tower, Singapore 0830 on Tuesday the 2l*t day of August 1900, the following ipeclal resolutions set out Mow
      373 words
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  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      173 17 H O D The peppy new Lancer 12 valves are here. New front air dams, new What we suggest is a test drive. And if you come down to our choice of interior fabrics, new 4 spoke steering wheel, newly fitted with showrooms from today, you'll be in for a
      173 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      1309 18 proauwiiun. ==3___l_li_.l. WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, PINE... w ==—«l—j- i; r i ITALIAN MASTERPIECES AT PRE G O! Take your taste buds on a delightful journey through the inspired Italian dishes of the renowned chef, Paolo Verzeni. Try his
      1,309 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      562 18 TELEVISION AND RADIO m rn M 130 Friday Background (See Our 7ahaa a TbM Birds Of iHQCf *.M Slki US «S?£moon). M*. *M mttl in VNT Band I JL Clijl lvfVfvL 7JO PM Prafllaa la Pragrass 935 Manlar, Sba Wrato The Si- 535 7aday la Htetory. 7.10 am, 9.25 am,
      562 words
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  • LIFESTYLE
    • Article
      Lock icon Garbo's disinherited nephew challenges will
      253 19 AP GRETA GARBO's illnesses and alcohol abuse and her niece's undue influence caused the reclusive actress to disinherit her brother's illegitimate son, court papers released on Wednesday allege. Sven Ake Fredriksson, illegitimate son of Garbo's brother, Sven Alfred Gustafson, has challenged the will in an
      AP  -  253 words
    • Article
      Absent Polanski entitled to defence, court rules
      478 19 CHATTEBBOX ROMAN POLANSKI, who fled the United States to avoid being sentenced for having sexual relations with a 13-year-old girl, is entitled to have a lawyer defend him against a suit filed by the victim. A state appeals court in Los Angeles ruled
      478 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      305 19 AND ENTERTAIN Tempting Treasures From The Deep. The tempting Fish and Oysters Promotion is on every night from August 7 to 23, at the Hubertus Grill. We guarantee you'll fall for it, hook, line and sinker! A®. Century Park Sheraton Singapore 16 NASSIM HILL, SINGAPORE 1025. TEL: 732 1222. CENTURY
      305 words
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      Page 19 Advertisements Column 2
      83 19 'Wfelcome to first class. SWING. a > <. 'tjfas '< ftW&r' In the 1920's Swing was discovered by wealthy European travellers who sailed first class on luxury transatlantic liners. The unique 'swinging' decanter, designed to gently embrace the precious amber liquid in the roughest seas, intrigued the passengers who also
      83 words
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      Page 19 Advertisements Column 3
      138 19 run 9 SUNDAY M m FAMILY m BRUNCH H $13+ KH (S7 for children under 12) HaT*! TEE-OFF CAFE |t&J BAY GOLF COUNTRY CLUB |V 4 6 MARINA GREEN SINCAPORE 0101. FOR RESERVATIONS PLEASE CAIJ. 221 2811/*****21 Sumptuous Teochew Cantonese Dian Xin Lunch *fP*ic§S Daily at Centrepoint: ft flit* *05-16
      138 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Worsening sentiment sends prices tumbling
      4593 20  -  By Abdul Hadhi SELLING PRESSURE, induced by deteriorating sentiment in the major overseas markets, continued to push share prices downwards on the Singapore stockmarket yesterday. Brokers said panic selling, mainly by retail investors, sent share prices tumbling amid growing concern about the worsening situation in
      4,593 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3835 21 Main Board Jurong Ship 645 +50 +8.4% FELS 50« 615 +30 +5.1% ODE 600 20 3.4% DBS Foreign 990 +10 +1.0% NatSteei 650 +10 +1.6% C&C 338 +8 +2.4% SPH Foreign 850 5 0.6% CoM Storage H 384 +2 +0.5% S Steam Ln 94 78tt
    3,835 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      98 22 fiiMtiy Data Yaar Group Nat Nat aarnlngs Gross ann ta profit/loss (L) par sliara divldand (*000) (cants) Summa hw Aug 14 Mar 90 $4,089l($8.020l) HTPHMgs Aug 3 Mar 90 12.334($2.754l) 2 6(—) )C MPH Aug 3 Mar 90 »15.408($12.840) 8 5(7.1) 10h(3) Murata M 27 Mar 90 18.309t(20.925f)
      98 words
    • Article
      PRELIMINARY RESULTS
      90 22 Ce«pany Data Year Group pre-tax Net Minings Crass ami to praflt/less (I) par share dividend (•000) (canto) Scl Dredg Aug 10 Mar 90 M$2.452(MJ164L) 0 4(—) 2(1) Mun loong Aug 8 Mar 90 MJ9.855(MJ7.742) 15 5(11 8) 10(10) MCBHMgs Aug 8 Mar 90 MJl,766l(»ttl,713) 2.5(3.5a) BurwN Hldgs Aug
      90 words
    • Article
      DIVIDENDS ANNOUNCED
      657 22 Currant Ex Books Date Total tor Total far payment data dasa payaMa tka yoar last yoar NnlNp 6% Aug 28 Sep 7 Sep 26 6% 61 MOB 2.5% Sep 14 Sep 28 Oct 27 2.5% 2% MNB 10% Sep 21 Oct 5 Nov 1 10% 7.5%(a) Avmo 7.5%TE(I)
      657 words
    • Article
      INTERIM RESULTS
      295 22 Company Date HaH-year Group pratax Interim ami to profit/toss (L) divldand (*000) H Plaza Aug 22 Jun 90 $3,895 ($3,768r) SPf» Aug 21 Jun 90 $823($129) Tuan Smg Aug 21 Jun 90 $2,421 ($913) ApoMo Aug 20 Jun 90 $1,348($1,399L) Magnum Corpn Aug 20 Jun 90 M$45.001 ($18,245)
      295 words
    • Article
      CORPORATE DEVELOPMENTS
      390 22 tag 22 IMa Haidhft Bhd has completed its purchase of 24% stake in Singapore's United Pulp and Paper Co Ltd from Hartaban Holdings Sdn Bhd for $13.58 m on Aug 16. Rosovcos Devi Corpn (ROC), together with a local partner, has clinched a $54 49m deal to construct
      390 words
    • Article
      RESULTS DUE
      689 22 Stocks Last Fid Year Caigwiy PaM Date Ye* Net EPS Gross Net last year S OOC Leeng Not Intenm Mar 30 Oec 89 S3Sl(h) EMS Mm Apr 26 M 90 9.3(a) 2.311(a) 4.747 FIN Menm Jun 23 Sep 90 356 18.0 62.868 Mm Mem A* I Dec 90
      689 words
    • Article
      APPROVED ISSUES
      399 22 Company Rights Issue KMa Krfas (KK) Often tor sale by or on behalf of Utd Engineers (M) Bhd of 25 2m shares by way o< a nghts otter to entfled sh»ehokters of KK on the bass of four tor-one MSI 25 each. Ei-dale: Jul 20 Books ctese Aug
      399 words
    • Article
      PROPOSED ISSUES
      560 22 Company Rights Issue Man One-tor tow fa MS? 00 per share Cauwway kw Capital reduction schen* to reduce par value ot shares front SI 00 to {0 60 foghts issue ot 34 fa SO 60 per share CSM One tor-one fa MJ4 00 per share E«ery tour nghts
      560 words
    • Article
      BONDS, LOANS & WARRANTS
      663 22 BONDS, LOANS WARRANTS OC Bt Mrt 26/4/33 1 warrant plus $3 09 cash C— wf I— Cwiii HI 2/10/89 to 20/10/94 1 warrant plus J1 cash or 1 warrantphis $1 nommal amount of Inn U^'k Qmm I* Nate dan >te m March 87 to 31/12/91 L55 warrants ptos $155 cash.
      663 words
    • Article
      RECORD HIGHS & LOWS
      140 22 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 N0t 1435.43 (16/7/90) 1990 l*t 1607.12 (27/3/90) 1990 to* 1084 43 (23/8/90) 1990 1o* 1127.89 (23/8/90) 1989 fcifh: 1322 00 (28/12/89) 1919 H* 1487.76 (26/12/89) 1989 tow: 917.42 (4/1/89) 1989 to* 1030.69 (4/1/89) 1988 l*t *****6 (8/8/88) 1918 to* 1177.87
      140 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      233 22 DEPUTY REGIONAL HEAD/ SENIOR MARKETING OFFICER (PRIVATE BANKING INTERNATIONAL) THE One of the few truly international banks in the world; "A A A" rated by Moody's. This conveys the highest security rating possible for an international financial institution; Apart from an impressive worldwide presence, the well established regional network includes
      233 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Biggest single-day fall results in year's low
      3737 23 THE Kuala Lumpur stock market experienced yet another bad day as sellers swarmed the trading floor at the outset, causing prices to plummet across the board yesterday. Dealers said the plunge was in line with the nosedive in major bourses around the world.
      3,737 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      312 23 NOTICE IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF UMTED WDUSTWAL OVERSEAS HOLDING PTE. LTD. (MEMBERS VOLUNTARY WINDING-UP) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 47 Hill Street. #05-01. Chinese Chamber of Commerce and Industry Building. Singapore
      312 words
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      Page 23 Advertisements Column 2
      195 23 APPOINTMENT mmn country club invites applications for the position of GENERAL MANAGER Initial GROSS SALARY around $65,000 p.a. m m This is a new position established to develop the Seletar Country Club into a club of distinction catering to an increased discerning membership numbering 1,500 members. Reporting directly to the
      195 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Market sinks to record low for the year
      2294 24 Reuter TOKYO STOCKS closed at a record low for the year yesterday with the benchmark Nikkei average suffering its fourth-largest point drop ever. Concern over the Middle East and rising interest rates pushed the Nikkei below 24,000 for the first time since
      Reuter  -  2,294 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Share prices take another tumble
      2294 24 AP Reuter SHARE PRICES continued to tumble on the Hongkong Stock Exchange yesterday as a result of the continued political turmoil in the Middle East. The Hang Seng Index, the market's key indicator of blue chips, fell 83.52 points, closing at 2,871.41. The Index plunged
      AP; Reuter  -  2,294 words
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  • REGIONAL STOCK MARKETS
    • Stocks hit another low in Taiwan
      • Article
        AUSTRALIA
        1142 25 THE Australian sharemarket closed sharply weaker Yesterday on heavy volume as fears of a possible war in the Middle East grew. A fall of nearly six per cent on the Nikkei index, and a 1.7 per cent drop on the Dow Jones overnight, helped drag the local market down.
        1,142 words
      • Article
        MANILA
        469 25 PHILIPPINE shares slid a further six per cent yesterday after the peso tumbled to the year's low, brokers said. The Manila Stock Exchange composite index hit 683.58 points at the close of wary trading, down 48.49 points or 6.6 per cent from Wednesday. Trading on Manila's exchanges posted a
        469 words
      • Article
        BANGKOK
        652 25 BANGKOK stocks resumed their plunge yesterday. The SET Index fell 60.01 points to finish at 735.39. The indicator shed a combined 139 points in the previous four sessions. Lossis outnumbered gains 176 to 3. Most active were Siam City Bank, Thai Farmers Bank and Nava Finance. Bangkok B*ht VoiCOO)
        652 words
      • Article
        JAKARTA
        572 25 JAKARTA stocks closed lower yesterday, with the Composite Index down 9.81 points at 563.49 in quiet trading. Nickel company Inco was the most actively traded at 121,000 shares in the regular market. It fell 650 rupiah to close at 7,100. Newly listed financial institution Interpec dominated bloc sale trading
        572 words
      • Article
        NEW ZEALAND
        313 25 NEW ZEALAND shares followed the global trend to end sharply lower yesterday on continued worries about the Gulf crisis and escalating oil prices. The Barclays share price estimate closed 66.32 points (4.08 per cent) lower at 1,558.19 on high turnover. The index was last at this level in
        313 words
      • Article
        TAIPEI
        385 25 TAIWAN stocks ended five per cent down, hitting another record low since April 2, 1988, on gloomy market sentiment, dealers said. The Weighted Index lost 173.34 points, or five per cent, to finish at 3,333.46 compared with Wednesday's 3,506.80 close. Turnover fell to $20.8 billion from $25.6 billion. Dealers
        385 words
      • Article
        SEOUL
        823 25 HEAVY BUYING by the Stock Stabilisation Fund pushed Seoul's index back above 600 but broken said the trend was continuing downward. The index ended the day down 3.54 points at 603.62. Volume was 194 billion won against 131.3 billion on Wednesday. Falls led riaes S3B to 184, with 158
        823 words
      • Article
        BOMBAY
        61 25 BOMBAY share prices withstood heavy profit-taking after a bullish opening and took the Bombay Stock Exchange index to a new high for the second day on Wednesday, brokers said. The index jumped 23.75 points, or 2.09 per cent, to 1,157.78. It opened at 1,195.66 and peaked at 1,201.34. The
        61 words
      • Article
        Untitled
        422 25 dose Prcvtow A* 23 SYDNEY All Ordinaries Index 1493.4 1,529.2 -35.8 All Industrials Index 2198.0 2,256.6 -58.6 All Resources Index 940.9 959.7 -18.8 Turnover (million) 124.64 114.95 +9.69 BAHfiKOK SET Index 735.39 795.40 -60.01 Turnover (nearest 000) NA 2.04 JAKARTA Composite Index 563.49 573.30 -9.81 Turnover (nearest TOO) NA 1.25
        422 words
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  • WORLD STOCK MARKETS
    • Dow Jones touches a nine-month low
      • Article, Illustration
        NEW-YORK
        1068 26 WALL STREET stock prices fell on Wednesday in the wake of a surprising US$2.5l-a-barrel rise in crude oil futures. For much of the day, the market treaded water, as no major new developments had emerged in the Persian Gulf crisis. By 2pm, the Dow Jones Industrial Average had fallen
        1,068 words
      • Article, Illustration
        LONDON
        841 26 SHARE PRICES closed mixed in choppy trading on the London Stock Exchange on Wednesday after an early surge evaporated in the wake of Wall Street's downturn. Stocks rose throughout the morning in a technical adjustment to recent sharp drops, dealers said. But once shortages were filled, demand for shares
        841 words
      • Article
        AMSTERDAM
        277 26 SHARE PRICES on the Amsterdam exchange plunged over 2.5 per cent in morning trading yesterday, but the decline seemed to be have been halted by midsession. The CBS All-Share Index was 2.7 points lower at 97.9 at 1125 GMT after having earlier slumped to a 1990 low of 97.6.
        277 words
      • Article
        BRUSSELS
        205 26 BELGIAN shares opened an average three per cent lower yesterday on fears of war in the Gulf, with chemicals shedding as much as 8.1 per cent from Wednesday's close, dealers said. UCB was hardest hit in the chemicals sector, slumping 1,700 francs or 8.1 per cent to 19,200 at
        205 words
      • Article
        FRANKFURT
        466 26 WEST GERMAN shares fell 3.5 per cent in fairly quiet trading yesterday, as nervousness about a further escalation of the Gulf crisis kept most investors sidelined. News that the East German parliament has finally set a date for German unification was roundly ignored by the market. "The reaction, if
        466 words
      • Article
        MILAN
        173 26 ITALIAN share prices fell back yesterday, wiping out all the gain made the previous day, to hit a new low for the year as inflation fears mixed with tension in the Gulf to trigger fresh selling, brokers said. The MIB index dosed 1.72 per cent lower at 859, one
        173 words
      • Article
        PARIS
        235 26 FRENCH share prices opened sharply lower yesterday as selling pressure reemerged following overnight losses in New York and Tokyo, dealers said. The CAC-40 index started at 1,540.35, down 45.92 points from the previous night's close. "I don't think it's going to keep on going down all day" one broker
        235 words
      • Article
        ZURICH
        335 26 SWISS SHARES traded 3.S per cent lower around midsession yesterday reflecting sharp falls on other World markets after negative news from the Gulf and oil prices. Dealers said inflation and interest rates fears contributed to the downturn. Trading was faiity active as selling pressure increased after the news Union
        335 words
      • Article
        Untitled
        518 26 Aug 22 Clow Prrriow NEW YORK Dow Jones 2560.15 2603.96 -43.81 NYSE Financial 122.43 124.11 -1.68 SAP 500 316.55 321.86 -3.31 Turnover (million) I7S.SS 194.63 -19.08 LONDON Financial Times 30 1622.50 1615.70 +6.80 FTSE 100 2104.80 2IM.I0 -3.30 Turnover (million) 338.0 412.4 -74.4 AMSTERDAM CBS General 180.30 180.10 1 +0.20
        518 words
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Page thumbnail Page 27
  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Sentiment for US$ now bearish although crisis fears remain
      1233 27 FOREX MARKET REPORTS THE US dollar ended lower against the yen and deutschemark. Sentiment for the dollar is bearish in line with its waning safe-haven status resulting from i- the Mideast Gulf crisis, but traders re- main nervous over developments in
      1,233 words
    • Article
      INTERBANK FOREX RATES
      390 27 Cross rates Aug 23 USS SS MS Dm Yen SFr AJ NZ$ USS 1.7855 2.6970 1.5615 146.25 0.5179 1.2760 1.2180 1.5974 SS 0.5601 1.5105 0.8745 0.8191 0.2900 0.7146 0.6822 0.8947 MS 0.3708 66.20 0.5790 0.5423 0.1920 0.4731 0.4516 0.5923 Dm 0.6404 1.1435 1.7272 93.66 0.3316 0.8172 0.7800
      390 words
    • Article
      FINANCIAL FUTURES
      1578 27 SIMEX EUtOOOLUm Open High Low Sett Est Vol Op/lnt Vol Sep 90 91.80 91.80 9L76 91.77 3437 ***** 2239 Dec 90 91.76 91.76 91.72 91.74 ***** ***** ***** Mar 91 91.63 91.63 91.62 91.64 4262 5938 2526 Jun 91 91.45 91.45 91.42 91.44 883 1602 447 Sep 91
      1,578 words
    • Article
      MONEY MARKET
      562 27 Interbank rates St BM Offer Overnight 6 1/2 6 3/4 1-month 6 11/16 6 13/16 2-month 6 3/4 6 7/8 3-month 6 3/4 6 7/8 Overnight mode: 6-3/4 USS BM Oder 7 days 8 8 1/8 I month 8 1/8 8 1/4 2 months 8 3/16 8 5/16
      562 words
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  • COMMODITIES
    • Article
      Lock icon Tax incentives likely to boost Aussie oil industry
      377 28 AFP NEW tax incentives for oil producers could lead to new oil fields, thousands of new jobs and billions of dollars saved in imports by the mid *****, Australia's biggest oil explorer said yesterday. According to BHP Petroleum Pty Ltd, the concessions
      AFP  -  377 words
    • Article
      Lock icon Soviet agency discussing nickel export plans
      278 28 Reuter TALKS are taking place in Moscow over the structure of Soviet nickel exports to the West, according to Alexander Khlopkov, general manager of the London office of Raznoimport, the central agency hitherto responsible for Soviet exports and imports of non-ferrous metals. The talks
      Reuter  -  278 words
    • Article
      Tin price drops to 8-month low on KLTM
      844 28 REPORTS THE price of tin on the Kuala Lumpur Tin Market shed another II sen to M$ 15.70 per kg, its lowest level in eight months, on continued lack of buying interest. Traders attributed the bearish sentiment to lack of consumer interest
      844 words
  • Article
    PRICES
    1307 28 wuoper au» 23 S oents/kg Noon Cjag Int I RSS Prompt I64.2VI65.25N I66.2VI67.25N M I RSS Sep 90 164 25/164 75 I66.2VI66.75N Int 1 RSS Oct I64.S0/I6S.00 I66.50/I67.00N Int 2 RSS OP I59.2VI6I.25N I60.2VI62.25N Int 3 RSS OP IS4.7V156.75N I55.7VI57.75N Int 4 RSS OP 150.75/152.75N ISI.7VIS3.75N Int 5 RSS
    1,307 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      899 28 NOTICES Df THE MATTBS OP THE COMPANIES ACT, CAP. N AND IN THE MATTES OP JUKEN PRIVATE LIMITED (taMffmtod la fcppw) (M Mtmkm' Vetatary At an Extraordinary General Meeting of members of JUKEN PRIVATE LIMITED duly convened and held at 151 Chin Swee Road, #02-12 Manhattan House, Singapore 0316 on
      899 words
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      Page 28 Advertisements Column 2
      958 28 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF UNITED KIM DEVELOPMENT PTE LTD (In Mtnibift' Voluntary Liquidation) At an Extraordinary General Meeting of the Company held at 7500 A Beach Road #04-301 The Plaza, Singapore 0719 on IS August 1990, the following Resolutions were
      958 words
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      Page 28 Advertisements Column 3
      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
      1055 29 City FNgM ETA n*t ETO Ma MttM GA976 0010 SRI 87 1955 GA890 2240 GA970 2255 AdalaMa SQ225 2215 1mm iRJ182 1445 RJ183 2320 Aantardaai KL835 1415 KL836 2115 SQ23 1810 SQ24 2200 Qf 16 1820 GA890 2240 Atktn SQ31 0825 SQ24 2200 QF16 1830 0A471
      1,055 words
    • Article, Illustration
      Mongolian town with an image problem
      653 29  -  LETTER FROM MORON By William Kazer IT MAY NOT be easy to convince travellers that visiting Moron is a smart idea. This town of 20,000 people, nestled in the rolling hills of northern Mongolia, could have an image problem with foreign guests. But it
      653 words
    • Article
      MONEY CHANGER RATES
      154 29 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4700 1.4900 Canadian dollar 1.5360 1.3760 NZ dollar 1.100 1.1300 Sterling pound 3.440 3.4700 US dollar 1.7760 1.7860 Locml dollars to 100 writs of foreign currency Austrian schilling 16.00 17.00
      154 words
    • Article
      WORLD TRADE EXHIBITIONS
      75 29 Duration Title Venue )rgaMMT Td Duration Title Venue Orpagcr Td Auf 27 Taxation of Oil India Asian Pacific Tax *****40 Sep 15-18 International Paris Semaine 1/*****569 Exploration Sc Investment Leather Week Internationale Activities In India Research Centre Cuir Sep 7.17 International Swiueriand Schwe.zer Master 61/686.20.20 International Germany
      75 words
  • Page 29 Advertisements
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      204 29 the fur-seal (3-4) 28 Bill in the firm he had directed (7) in actual practice (9) 24 Objects after heartless '29 Such building material 13 Back up and turn round fool uses up the money sets, and no mistake! (9) (7) (6) DOWN IS The connection may be irrwM 2
      204 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      217 29 Singapore Outlook: Fair except for showers over a few areas ia the late morning aad early afternoon. Report Max temp. 32.9* C Assoc humidity 63% Min temp. 25.9"C Assoc humidity 90% Hrs of sunshine 8.85 Rainfall in mm 16 Rainfall this mth 122.0 Rainy days this mth 8 World forecast
      217 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      20 29 lii»laA.MiPli«B:gM not F££J.in& SO GOOD..J [the. pi SPbRT— TPiKc\ (QMPS-TS ugoHG*) J C EVEMNG STANDARD CO. LTD.. IM2-IWO O.A. MUOI
      20 words
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  • Article
    Cheung Kong sees operating profit fall 12.6 pc
    329 30  -  Better news from Hutchinson Whampoa From Catherine Ong in HONGKONG TWO KEY companies in tycoon Li Ka-shing's corporate stable reported mixed results yesterday with flagship, Cheung Kong (Holdings) taking a hit in earnings as a result of the slump in Hongkong real
    329 words
  • Article
    Lock icon Taipei unveils package to revitalise economy
    364 30 AFP TAIWAN'S economic and financial authorities announced yesterday a joint package to revitalise the island's stagnant economy by offering various investment incentives to the local manufacturing industry. The measures aimed at lowering production costs, stimulating investment willingness and helping upgrade traditional and labour-inten-sive industries
    AFP  -  364 words
  • Article
    Lock icon Perak to set up free trade zone with Taiwanese
    306 30 Bernama SPURRED by the overwhelming response from investors to Perak's first free trade zone (FTZ) in Jelapang near Ipoh, the State Economic Development Corporation has decided to develop a second FTZ jointly with Taiwanese interests. The Kinta FTZ II was being
    Bernama  -  306 words
  • Article, Illustration
    A page from history
    56 30 British Deputy Prime Minister Sir Geoffrey Howe (left), Australian Prime Minister Bob Hawke (centre) and an unidentified official studying a copy of the constitution which ended Australia's status as a British colony in 1901 and created the nation. Sir Geoffrey handed over it over in a
    56 words
  • Article
    Lock icon Hanoi government offers role in oil industry to Japan
    340 30 Reuter VIETNAM has invited Japan to explore for offshore oil and to help build a refinery, a spokesman for a visiting Japanese delegation said in Hanoi yesterday. He said Vietnamese Communist Party leader Nguyen Van Linh issued the invitation to Michio
    Reuter  -  340 words
  • Article
    Lock icon Japan urged to lead in world farm reform
    344 30 Reuter JAPAN must take the lead in world agricultural trade reform by lifting its ban on rice imports, US Agriculture Secretary Clayton Yeutter said yesterday. "If Japan were to indicate a willingness to engage in agricultural trade reform, it would be helpful
    Reuter  -  344 words
  • Article
    Lock icon Japan-US trade gap concern
    124 30 Reuter JAPAN'S trade surplus with the US will keep narrowing in the years ahead, but probably not at a pace fast enough to contain protectionist pressure in Washington. Government officials and private economists said Tokyo may be forced to seek fresh ways to narrow the bilateral
    Reuter  -  124 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      170 30 _2L Baume Mercier GENEVE 1830 ESPiPI Ti inrr mi Akir Tjjg: THKEEINUNfc HENDERSON INDUSTRIAL PARK NEW PHASE Terrace Factory with innovative facilities II Three-in-one concept warehouse, showroom and factory SSSISig H Each four-storey terrace factory unit with an area of about 10,000 sq.ft has its own service and passenger lift
      170 words
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      Page 30 Advertisements Column 2
      158 30 JIL Baume Mercier GENEVE 1830 p CONGRATULATIONS I to TUNG LOK GROUP OF R€STAURANTS > I on the opening of PARAMOUNT CHINESE CUISINE RESTAURANT at 30 Eut Cout Road, #01-01/02 Paramont Hotel 4 Shopping Centre, Singapore 1542, TeL 440-3233 S hiiiwit -Hunan fjKMSm xmm HH »enc cotort a»*M urttmtt-oemor »<XJ
      158 words
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  • Shipping Times
    • Article
      Matsushita to set up distribution centre here
      359 31  -  By A J Leow CONSUMER electronics giant Matsushita plans to centralise its distribution network in Singapore and Malaysia with the building of a new warehouse in the Republic. Construction of the 30,000 sq m double-storey facility at Tuas is expected to begin next
      359 words
    • Article
      Rates on Singapore-Vietnam shipping routes fall
      315 31  -  By Selva Kumar INDIGESTION is beginning to set in in the SingaporeVietnam shipping trade as more operators clamber into the business. Rates have dropped but this has not deterred new entrants from trying to cash in on what is deemed to be a market
      315 words
    • Article
      Cathay may shift some functions out of HK
      200 31 CATHAY Pacific Airways is looking at moving some administrative functions out of Hongkong to reduce labour costs. Richard Stirland, the airline's director of corporate development, said the airline is considering moving functions such as reservations, accounting and computer services out of Hongkong.
      200 words
    • Article
      TWRA delays surcharge for Jakarta, Surabaya
      296 31  -  By Dexter Lee MEMBERS of the Transpacific Westbound Rate Agreement (TWRA) have delayed implementing a congestion surcharge on cargo passing through the Indonesian ports of Jakarta and Surabaya. The surcharge, which was scheduled to take effect from Aug 9, has now been postponed until
      296 words
    • Article
      Bunker surcharge for Arabian Gulf shipments
      249 31  -  The Gulf Crisis By Dexter Lee SHIPPING LINES plying in the Middle East trade have introduced a bunker surcharge on all shipments from Singapore to Arabian Gulf ports. From Monday, shippers have to fork out an extra US$lOO per 20-foot container and US$2OO per
      249 words
    • Article
      Thai group plans to launch small satellite
      223 31 THE CHAIRMAN of Thailand's Shinawatra Group, Dr Thaksin Shinawatra, is thinking of launching a small satellite to support its fastexpanding ventures in data communications, cable television and other related services. He told The Nation that if the transport and communications ministry agrees to
      223 words
    • Article
      Lock icon Lauda Air now free to compete
      99 31 AP AUSTRIAN Transport Minister Rudolf Strecher on Wednesday removed all route restrictions for Lauda Air, giving the private airline the right to compete freely with Austrian Airlines. The licence permits the airline to serve any foreign points, including those already serviced by the stateowned
      AP  -  99 words
    • Article, Illustration
      Johor Port linked to HK, Germany by computer
      326 31  -  By K Vara JOHOR PORT has comput-er-linked itself with two major ports in the world Bremen in West Germany and Hongkong and is working to add a similar link with a US port soon. Port officials told BT recently that the links
      326 words
    • NEWS SUMMARY
      • Article
        Threat or opportunity?
        41 31 THE current trend for liner companies to form their own agencies does not alarm David Barker, the head honcho at the diversified Jardine Shipping Services. On the contrary, it can, in his view, create new opportunities. Pace 2
        41 words
      • Article
        US phone firms' winning strategies
        31 31 EMBATTLED long-distance telephone companies in US, until recently known for relentless price-cutting wars, have rearmed with costly advertising strategies aimed at winning market share Back Page
        31 words
      • Article
        AMR orders aircraft worth US$l billion
        41 31 AMR Eagle, the commuter and feeder-service subsidiary of the second-largest US air carrier, American Airlines, confirmed on Wednesday it had placed a US$l billion order with the Franco-Italian small- mediumrange aircraft manufacturer ATR Back Page
        41 words
      • Article
        Air Bremen cancels all flights
        30 31 GERMANY'S small regional carrier Air Bremen has cancelled all flights immediately after talks with Hapag-Lloyd had broken up after a leaked press report Back Page
        30 words
      • Article
        Bremer Vulkan sees positive results
        35 31 WEST German shipbuilder Bremer Vulkan AG said it expects to report positive results in the full year 1990, after parent results swung into profit in the first half. Back Page
        35 words
    • LOG BOOK
      • Article
        US airlines to defer fare increase
        94 32 MOST of the major US airlines said they will delay a 5.3 per cent increase in domestic airfares, which was due to go into effect on Aug 23, following Trans World Airlines Holdings Inc's announcement on Tuesday that it will not lift ticket prices
        94 words
      • Article
        Greek tanker owners fined
        101 32 THE Greek Merchant Marine Ministry on Wednesday fined the owners of a Norwegian supertanker USSI million for polluting Greek waters, a ministry spokesman said. The ship caused serious pollution off Cape Malea at the tip of the Peloponnesus peninsula on June 5, said Premier Constantine Mitsotakis,
        101 words
      • Article
        Nippon wants higher trucking fees
        90 32 NIPPON Express Co Ltd, along with other major trucking companies, will apply to the Japanese Ministry of Transport (MOT) this month to raise prices of truck services on regular delivery routes, a spokesman said. The firm did not say how much price increase it will
        90 words
      • Article
        CAE wins Chinese contract
        82 32 CAE Electronics Ltd of Montreal, a wholly-owned subsidiary of CAE Industries, has won a contract with the Civil Aviation Administration of China for US$3l million. The deal, which includes training, calls for CAE Electronics to design and build flight simulators for Boeing 737-300 and 757-200 planes.
        82 words
      • Article
        US, Japan in AWAC plane talks
        69 32 A BOEING CO executive said the US government is negotiating with Japan on the possible sale of airborne warning and control system (AWAC) planes made by Boeing. Dan Pinick, president of Boeing's defence and space group, said at a press conference that the two
        69 words
      • Article
        200 Japanese flights cancelled
        86 32 JAPANESE domestic carriers cancelled almost 200 flights out of Haneda, Tokyo's main domestic airport, after Typhoon Zola swept across western Japan on Wednesday, transport officials said. The train service in the region was also disrupted. With winds peaking at 45 km an hour, Typhoon Zola, the
        86 words
    • Article, Illustration
      Lock icon Reaping the fruit of diversification
      1419 32 David Barker, the head honcho at Jardine Shipping Services, set out to expand the company from simply an agency outfit to a one-stop shipping centre. Five years later, Jardine is enjoying the rewards of diversification. Lloyd's Maritime Asia THE performance of Jardine Shipping Services over
      Lloyd's Maritime Asia  -  1,419 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      526 32 j_l_ Carbcn Aug 20 DereatyNater Iradw Ash Ataman Segment DwdjWilei »wt*» kk MNt M/M Um RG/M*3% V/V M/M M/M PPM method KG/M*3% V/V M/M M/M PPM method BO/Cauc Ms Spec E25 9911.0 15.0 0 10 30* 0 10* Spec G35 9911.0 18 0 0 15 30*
      526 words
    • Article
      THE SHIPPING GUIDE
      12781 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
      12,781 words
    • Article
      DAILY FREIGHTS
      891 47 CHARTERING on the dry cargo freight market was again quiet on Wednesday but there was unconfirmed talk that the key US Gulf to Japan grain route had been fixed at a lower level, brokers said. The talk suggested that US$2l had been agreed against last business seen at
      891 words
    • Article
      AT CONVENTIONAL WHARVES
      533 47 fewi toy* tar* IbW taparture fetid toy Ni Berth Arrival Dapartw Krani 637W/A P4A 23.08/1930 26.08/1200 irvM awe K29 2408/0600 Km Meruia 05W P1B 2408/0700 25 08/1500 Abtay Wow atongside Langsa 13/90 P2C 2408/0800 25 08/0600 Mi Strength 21WB K34 atongsde 23.08/1700 Marian Buoe 31W P48 23.08/1900
      533 words
    • Article
      CONTAINER SCHEDULE
      1173 47 RECEIVING OF EXPORT Fa CONTAINERS AND La CAjjgO Record Book*i|/Babnce Mb SMp Voy No Mad Fran To Fran f of ObcM Space Ma Bhwn 32Sb 2 Canceled 3 Canceled 4 Canceled Ma Bhwn 55S 1 23/1500 23/1669 23/1900 2 23/1700 24/0669 24/0900 3 24/0700 24/1159 24/1400 4 24/1200
      1,173 words
    • Article
      IN MALAYSIAN PORTS
      317 47 Pwt Ktmg South Part an Aug 23: Chuy berth 2; Alam Tabah berth 3; Hong Soon berth 4; Mercury Jade berth 7; Seng Leong berth 7A. KCT: Sea Leopard berth 8; Anson berth 10. Nartk Port Akebono Reefer berth 11; Dos Onente berth 12; Dashapmg berth 13;
      317 words
    • Article, Illustration
      Lock icon US telephone firms change marketing tactics
      469 48 Reuter EMBATTLED long-distance telephone companies in US, until recently known for relentless price-cutting wars, have rearmed with costly advertising strategies aimed at winning market share, analysts said. "The battleground has clearly shifted away from price to merchandising," said Jack Grubman, a PaineWebber analyst. The
      Reuter  -  469 words
    • Article
      Lock icon AMR places US$ lb order
      145 48 AFP AMR Eagle, the commuter and feeder-service subsidiary of the second-largest US air carrier, American Airlines, confirmed on Wednesday it had placed a US$ I billion order with the Franco-Italian small- medium-range aircraft manufacturer ATR. The order is the biggest yet to be won by
      AFP  -  145 words
    • Article
      A good start for Mercury
      74 48 MERCURY Shipping's new crewing company in the Philippines is already providing seafarers for 15 ships since it opened earlier this month. The new company, Apollo Philippine Maritime Technical Services, is in joint ven- ture with A P Madrigal Steamship. Mr Clive Miles, fleet Personnel Manager
      74 words
    • Article
      Lock icon Air Bremen cancels all flights after talks fail
      234 48 Reuter GERMANY'S small regional carrier Air Bremen has cancelled all flights immediately after talks with Hapag-Lloyd had broken up after a leaked press report. The decision to call off flights comes after a fruitless search to find a strong partner, said a
      Reuter  -  234 words
    • Article
      Lock icon Bremer Vulkan expects positive results in 1990
      181 48 Reuter WEST German shipbuilder Bremer Vulkan AG said it expects to report positive results in the full year 1990, after parent results swung into profit in the first half. Bremer Vulkan earlier reported it made a parent net profit of 2.2 million marks
      Reuter  -  181 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      147 31 HSWK HBK METAL CO PTE LTD 11 TUA3 AVE 14 SINGAPORE 22H TELEX R9 20»7i SMMCPI TEL: Ml 5555 (SknM) TfIfFAXWI !j ||ft rssn. yQgLI Ilv 111 l 1 -cikikmm Ijll ill I OMMtALPG HEM Tcr4u HM3APOM. MALAYSIA Con*r** ihailamo, P»o«BW OMM LPG PfMLIfTMS C»W«Hen«« «n« SMIe A»o buy r*M>
      147 words
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      Page 31 Advertisements Column 2
      28 31 17 My Froghfe 17 Ma to Adwrtnarc 3 a mm M.U Shps n Part 17 Support Trie 17 ft 0 mKSS Kepon L Weather and Saa Cortbom 17
      28 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      102 32 FOR WHO, WHAT, WHERE AHD WHEH IH THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends in
      102 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2035 33 JAROINE SHIPPING AGENCIES 200 Cantonment Road #12-05 South point, Singapore 0201 All IF# T«i *****11 TELEX NO RS ***** ■IBflfl TERMINAL/CFS Tel *****11 220 r Bflmfl T1 BOOKINGS Tel *****34 235 L VSQr J PESAKA JARDINE SHIPPING AGENCIES SON. KHO PORT KELANG TEL: *****18 TELEX NO. MA*****/MA***** PENANG TEL *****4
      2,035 words
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      Page 33 Advertisements Column 2
      1297 33 INDEX TJUDVERTISERS I J I Mainfrcight 15 4 I A oMISC 14 1-3 ABC Containcriine 13 5 M'sia Shpg Cocp 9 1/2 Accord Shpg 8 1-3 Mercury Line 12 2 Adkris Business 16 3 Mendelssohn 4 4/5 Albatros Sea-Air 14 5 Meng Horng Shpg 15 2 Alfred C Toepfer 15
      1,297 words
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      Page 33 Advertisements Column 3
      2249 33 i Vmul Way ETA I ETO "Port 'Penary DESTINATIONS Singapore Keiang Th.t MM utmnc M 9004 Ctoemg Tim FmMi by CY 0400 MRS M Fares 4 HHi 1 CFS 27m 2390 MRS M Tauro OAK LOB HOU MEM ATL MIA CMS BAL PHL NYC MON T0« MAJESTIC M 9004 28/8
      2,249 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1066 34 ROTTERDAM/ VOV NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE LONDON EXPRESS 13/803 27/8 13/9 15/9 18/9 LA PE ROUSE 01/548 27/8 20/9 15/9 17/9 MONTE ROSA 09/502 30/8 24/9 18/9 20/9 17/9 23/9 HONG KONG EXPRESS 96/506 2/9 19/9 21/9 24/9 LIVERPOOL BAY 01/505 6/9 1/10
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      Page 34 Advertisements Column 2
      483 34 i.l jrw,«r^ DIRECT SOUTH PACIFIC SERVICE SIN SUV PPT ISLA FLOREANA 28/8 14/9 19/9 ALSO ACCEPTING CARGO VIA SUVA TO; LAUTDKA, PAGO PAGO. APIA 4 NUKUAIOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 28/8 3/10 4/10 8/10 AIM acc*tin| C*f to C»IUo (Nni) *tj Vtlpi Ag«nts: SINGAPORE: *****86
      483 words
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      Page 34 Advertisements Column 3
      1159 34 juami REGULAR mOEPEMDENT FULL COTTAGER IjjjjjQl WESTBOUND FOR EUROPE Z~~~ VSL/VOY SIN ALG Ba FEL NOT ANT HAB IRE LMA SSf. nsKsuars., ss as its ss is a ss s ss N. PRINCESS 9027-3 07,-09 ?*<» 30/09 03 10 05/10 08, 0 07(10 OW WJ NORTH SEA 02H* 14/09 02
      1,159 words
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      Page 35 Advertisements Column 1
      1677 35 SjgSteamers Maritime Holdings Ltd jt&K P&O ■nV STRAITS SHIPPING |j Containers < ——i amBaMMHBHBnBmaH nxnißVKKffnivvißfßTivvfvnnKnvnvai Iwlll'lilln <iM<i 'I'ilM J||Bl|MMl||jll||)|j|)l WIWI||IM|IMW*|?fiIiMWiIWW.IfIIMHMBi?JIIJIMI Ei3llAHßliMilUillßMiilliMiiUiyuiHkMl r— ACCEPTS OUt SAILS Ne P Kl»f S port Ston H'bwg S'Kiw frdam Irt risen LONOON EXPRESS 13/ SB LAN 22,« 27« IMB 18.09 IMB ~M J-™'* 0 LA
      1,677 words
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      Page 35 Advertisements Column 2
      1651 35 TQ: EVRQPE TO: FAR EAST SP LN ROM HAM B'HVN FLX SPORE HK KAO KOB BU HANJIN HAMBURG M« W 13/9 14/1 15/9 17/9 11/9 HANJIN LEXARVE 000E 27/1 JO/I 31/1 J/9 6/9 HANJIN ROTTERDAM 010W 1/9 19/9 20/9 21/9 23/9 24/9 HANJIN FELIXSTOWE ME 3/9 S/9 7/9 10/9 13/9
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      Page 35 Advertisements Column 3
      48 35 SBHJM SMPPW6 PTL LIB. 204)9. Tang big Mdg, 101 Cadi St. Sper. 010*. Tat, *****12, *****13, *****34 Tatau »S 2«266 Foi *****24 WEEKLY/REGULAR SERVICE TO EAST/WEST M'SIA HAMIOAH 21/24 AUG SIM). KUCHING SRI ARIKA 23/24 AUG PCNAIK TRANBULK 27/21 AUG KUCNING, SIBU SENG HING 2W27 AUG PORT KELANG
      48 words
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      Page 35 Advertisements Column 4
      382 35 awi STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL CHAMPION ASIAN TANJUNG ASEAN TRADER STAR EMAS TRADER VOY NO. 11 U4 10 4 Spore 29/8 29/8 30/1 9/9 P. Mang 1/9 31/1 12/9 Penang Hoof Kong Yokohama 22/9 21/9 21/9 Nagoya 20/9 19/9 21/9 Osaka 17/9 Smboku 11/9
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      Page 36 Advertisements Column 1
      586 36 m c* ■^L*\Jl^^B^^HE£i&& CR NBR **********0-0 EXPRESS SEM-CDNTAINERSNIP SERVICE VJL.VOY S PORE R'DAM/ H'BUtC BREMEN ANTWERP ADAM KUTAI/2WB 23-lt/t Ofi 2S/S 2/10 5/10 MATANAM/77W8 22 21/S 22/10 24,10 N/10 2/11 MKTRA 1-11/10 1/11 WU I*ll 17/11 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAMERISED CARGO to MuoaranL Ate mpMng cargo to (Mho, tart
      586 words
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      Page 36 Advertisements Column 2
      938 36 rpere l«H»vr* R'tan H'kyrg B'haven Fttovt I FEEDER WL SIN LINE HAUL LAX OAK HARJIN HAMBURG WW 21/1 15/9 11/9 17/9 19/9 20/9 HANJIN LEHAVRE ME 27/1 H. KUNSAN Ottt 21/9 23/9 HANJIN ROTTEROAM 010* 1/9 19/9 2Q/9 21/9 23/9 24/9 HANJIN FELIXSTOWE WE 3/9 H. POHANC 102E 21/9 30/9
      938 words
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      Page 36 Advertisements Column 3
      1203 36 1 Ir E. L i£f H« «C Kit WJ HUT OH SK TYO LA* CMS OAL NYC LMV AN» KOI FUt «W c *1 jiJiiiswwi/iiMWiwiifiiw-wwwwl, I ££U££L n- 12 z_ 'c «/i jw a/) m Siiuvwwii/ii pw w wwl RE 433 2/9 Ufl Ufl 22 2*9 2*9 2M am 1/10
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      Page 37 Advertisements Column 1
      1573 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********06) S BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 999! TERMINAL OFFICE .*****022 DOCUMENTATION DEPT: *****44/ *****14 W0 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 MflM NEPLINE SON BHD MALAYSIA K.L-(03) *****33, P.Ketong-(03)
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      Page 37 Advertisements Column 2
      1137 37 *SJNSOV 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 FPU WESTBOUND nam *or*et |s*« Imawu mam mntm iwot mx* mm rwim mmm rott ahtmbp k ownlov nni
      1,137 words
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      Page 38 Advertisements Column 1
      1330 38 W\ 4\> V Wm T AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) K4 TEL: *****77 TELEX KAWAKIRS23I6S FAX *****79 V) M J M I MALAYSIA: HARPER WIRA SON BHD A TEL: PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA, LTD. INDONESIA: P. T. SARANA
      1,330 words
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      Page 38 Advertisements Column 2
      994 38 PHILI-ORIENT LINES PTE LTD I -I (The Complete NVOCC Package) ■IJllfifJ 25 AUG MONTREAL OTTAWA, TORONTO VANCOUVER, S"WESTERN ONTARIO 28 AUG DUBAI, DAMMAN, KUWAIT, DOHA LONDON* THUNDERLAY WINNIPEG. MUSCAT, BAHRAIN, ABU DHABI, 7 SEPT SHARJAH, JEDOAH KELOVWA, KAMLOOPS VERNON, PENTICTON 31 AUG COLOMBO, KARACHI, BOMBAY, AND ALL INLAND bESTINATIONSi 31
      994 words
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  • Page 39 Advertisements
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      Page 39 Advertisements Column 1
      1588 39 *****1 PACIFIC INTERNATIONAL LINES (PTE) LTD m UtR P ll Budding, 140 Cecil Street ttttOO, Singapofe 0106. i VOY si JKT SM VESSEL VOY SIN BKK SIM MA* MM MM mn M PCQASUS PROGRESS MIN MM MM 1M OCLTA MAS MM MM MM KOTA NAGA MM MM MM SM ioTAMBIATI
      1,588 words
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      Page 39 Advertisements Column 2
      1093 39 r BEN LINE CONTAINERS LTD y 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** ■■■■■■■■■BSSSSSBBBBBI VESSEL |VQY SPORE P.KLAWG S'HAMPTOWI HAMBURG 1 B'HAVEN 1 ffDAM L HAVRE London Express' 13/503 Va Hox 15/9 18/9 17/9 La Perouse 01/548 27/8 20/9 16/9 18/9 Monte Rose
      1,093 words
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      Page 39 Advertisements Column 3
      317 39 M MYANMA M FIVE STAR LINE •V (Myarimar National Una) Loading for Yangon (Rangoon) Sport P.K»l»nf Pan PAGAN VISOW In Port AVA VIO3W 25-27 AUG HER GUI VIOIW m SEP MYOMAYWA VI3OW 04/07 S£P HPA-AN VIS4W «7/tt SEP igA THE BANK UNE (A WW*» o< Awdfw W«k Shipping) \Vr SEMI-CONTAINER
      317 words
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      Page 42 Advertisements Column 1
      843 42 PH*" iATED CONTAINER SERVICE kCON SERVICE R EAST TO WORTH CONTINENT SM ax HV IN ANT HK RST \m an a» w an a/» a/» wnv t/i 1/10 *10 vm m 120 *10 «/10 7(10 *10 14/10 10/0 11/ M 12/10 13/10 15/10 17/10 MEDITERRANEAN SIN LCA I Accepting for
      843 words
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      Page 42 Advertisements Column 2
      1111 42 .^BZSHZLr/ CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 Hi iwiiunnw «Mg It: FAR EAST PORT KELANG 31/0 7/9 MANILA 1/9 A 0/9 PENANG 31/0 7/9 BUSAN 26/0 4 2/9 BANGKOK 26/0 A 30/0 TOKYO 30/8 A 6/9 HONG KONG 27/0 A 1/9 YOKOHAMA 30/0 A 0/9 KAOHSIUNG 26/0 A 2/9
      1,111 words
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      Page 42 Advertisements Column 3
      334 42 iMimm LOADING FPU LOADING FOR BUENOS AIRES VCSStI SPORE CM DM RAIRCS WIOEO MO STS VIT PABUA i suma n» yi in w v» w»- urn VMML2 c. isakl um unt ant *u u/u wu UMMI host wen i 17/11 an *02 17/u am am V TRA DISCHARGING FH BRAZIL
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      Page 42 Advertisements Column 4
      1300 42 r |to. +His* i& 3 fe" '*P emu OCEAN SHIPrfIK COMPANY i MfRI ROAD KMC BUILDING TEL 2XM *5 00, siwUfo«m)7 FULL CONTAINER LINER SERVICE telex: k hod coship CR NO: U7I7WOOOM FAX: 22S1W Gaeral Agents: OOMTAK KVPCW Pl* LTD CAHfc costariwe s J [TtssirvOT SCP FLX ROT NAM ANT
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      Page 43 Advertisements Column 1
      765 43 I NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 I Competitive Rates!! Z ETA USA All IPI Destns 26/8, 1/9 I EUROPE all Ports 1/9, 8/9 BANGKOK 29/8, 1/9 HONGKONG/CHINA 29/8, 31/8 SYD, MEL, ADEL, BRIS 28/8, 5/9 FREMANTLE 28/8, 5/9 MANILA 31/8, 7/9 PKLG/PENANG 26/8, 2/9 Port Kotong Branch Tel:
      765 words
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      Page 43 Advertisements Column 2
      246 43 STBSRETRSffinSSB isi m ltd i 83 TEL: *****33 (12 Llnoo) KFAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Llnoo) IffiA ETHIOPIAN SHIPPING UNES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOV ETA LOADING FOR BPOWE NETSANET 20WB 16/10 DAftESSALAAM. MOMBASA. DJIBOUTI ASSAB MASSAWA. HOPE IP AH ANOINET IIWB
      246 words
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      Page 43 Advertisements Column 3
      790 43 *mi_P.T. MASKAPAI PELAYARAN ™PULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OPTPSRE, INDONESIA, MALAYSIA A THAILAND 1 ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS. > WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 MHWCRE INOONMIA HBV)C«1 VSL VOY SIN JKT PAJ SIN
      790 words
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      Page 43 Advertisements Column 4
      562 43 BANGKOK CEBU/MANILA j mmmi -^BM NANTA BHUM MM Fri 24/B Mmi 27/9 MTI HUM Mi W* 1 MAMA BHUM# 23N St 24* W* 29* SO. ORIENT MR 11* j NANTA BHUM MN W* 2KB Sat 1/9 KIT! BMUM M 7* 11(1 1V» j JENLINK 21N T>wr 3KB Sun 2/9 SO
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      Page 43 Advertisements Column 5
      321 43 |ftLwjjiiiiiuu,uainifo TO AUSTRALIA/NEW ZEALAND Aimnm tm m m "5 "ii 55 tut rwi saw w W» 55 m» t nunc a; w» W» wi 55 "iu W ■una 5 »u ku in m Si am II DATS TO Sfl)N*«l TO USA/CANADA Z unmannzm m V> *5 oS *r» TNT EXPMSS
      321 words
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      Page 44 Advertisements Column 1
      1192 44 _,MM-NELS SIWWOUEfamT nu awn iwmt til anew] PENANG TEL: (04) *****6 KK TEL: (068) *****0 TAWAU TEL: (069) *****9 P. KELANG TEL: (03) *****77, KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 -K=/\" J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 *>— 1 JAKARTA TEL:
      1,192 words
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      Page 44 Advertisements Column 2
      516 44 te£n» BLUE STAB UNE I SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH A PORT CHALMERS ACCEPTING FCL ft LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, HRISTC HURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PLY AUCK ITT PROSPECT OCS !S« V S*e
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      Page 44 Advertisements Column 3
      1135 44 fll THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH wma Iwt leti libt mm m in mt KIM SOON LI 33'90E 25 AUG PENANG JENHOL
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      Page 45 Advertisements Column 1
      689 45 ouppig limn, rramy August in» COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS' WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P. Kelang Singapore SHAPLAEVERETT 02/04 S«pt 05/06 Sept MURRAYEVERETT 18/11 Sept 19/20 Sept KARABIEVERETT 20 Sept/03 Oct
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      Page 45 Advertisements Column 2
      573 45 2W OAT K m ZM GENOA M K» W W JNM ZIM SINGAPORE JSC 1/9 ZIM lIERIA 7/10 WW I*M Zl/lt 2V* LEEWARD 4E Ul9 ZIM NEWYORK 1110 27f10 »10 1/U J/11 ZIM MELBOURNE 20* lift ZIM NEWYORK 11/10 77/10 30/10 1/U *11 ZIM YOKOHAMA UE Hfl ZIM HAIFA OfM
      573 words
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      Page 45 Advertisements Column 3
      601 45 SING KWANG HANGI WHia TRANSPORTATION (FTC) LTD WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 27/8 30/6 JENWEL 28/8 I 31'8 VESSEL S PORE BANGKOK A VESSEL 27/8 30/6 A VESSEL 28/8 31/8 DESTINATIONS ETA SINGAPORE PORT KELANG 31 AUG MANILA 4 SEPT HONG KONG, ALL CHINA PORTS 30
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      Page 45 Advertisements Column 4
      489 45 rw PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE/PONTIANAK JAKARTA SURABAYA VESSEL VOY SIN JKT BBY PONTIANAK* PELOPOR 956 25/06 28/08 TANTO SEJATI 15 29/06 01/09 PELOPOR 957 01/09 04/09 TANTO SEJATI 17 05/09 06/09 TANTO UTAMA 99 24/08 27/08 TANTO UTAMA 101 31/08 03/09 TANTO UTAMA 103 08/09 11/09
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      Page 45 Advertisements Column 5
      451 45 I UMaifll V A; I |9MHHIIj|^^HIBBIBH|HHHH||HB;* Sm FM EAST 26/8 KEELUNG/KAOHSIUNG 25/8 BANGKOK 25/8 MANILA/CEBU 25/8 JAKARTA/BELAWAN/SURABAYA 2 24/8 PORT KELANG/PENANG/E. Malaysia 26/8 BUSAN 24/8 TOKYO/YOKO/KOBE/NGO/OSA 24/8 HONG KONG also accepting cargo to Huangpj Shenzhen Fuzhou/ Xiamen/Xingang/Shanghai SIN EURIPE/IK > 25/8 LDN/FLX/LVP/SOU 27/8 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/
      451 words
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      Page 46 Advertisements Column 1
      399 46 CB SHIPPING MARINE SERVICES queensland/papua new guinea services CONT/UNER/LCL/BREAKBULK SERVICE "ANKE" SERVICE SPE LAE MISIMA POM. T'VILLE V.1658 23/8 3/9 5/9 8/9 8/9 V.1758 21/9 1/10 3/10 6/10 6/10 Via LAE bookings accepted for east kaumatan ah m*Tilt art —lew. PLATOU PACIFIC VI SHIPPING SERVICES REGULAR FAR EAST M. AMERICA
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      Page 46 Advertisements Column 2
      845 46 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE i N.C V.14-90W 26/8/90 22/9/90 12/9/90 17/9/90 K.S V.15-90W 3/9/90 3/10/90 22/9/90 28/9/90 G.M. V.16CW90 9/9/90 1/10/90 3/10/90 8/10/90 V.V. V.16-90W 12/9/90 9/10/90 28/9/90 4/10/90 B.M.T V.17CW90 23/9/90 14/10/90 15/10/90 20/10/90 I.Y. V.17-90W 25/9/90 20/10/90 10/10/90 15/10/90
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      Page 46 Advertisements Column 3
      628 46 JSF OCERnSERUICE J LCL/FCL SERVICE TO/FROM JTIf I•► rtfi} KL: au.Uih.mk SINGAPORE: /f7^v\ m 04-*****2 *****8955 778 6522(22 linesi Marina Onj Susan Ng/Chrlatlna Chlaw Doily Mirpuri/Eattwr Yap 1 cohvbitihmu. samca FROM SOUTH EAST ASIA/ FAR EAST TO USG/BRAZIL/ARGENTINA MV NORTWEEN NOVA MV SUNDERLAND ENDEAVOUR AT LAHAD DATU ETA SPORE 30/8
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      Page 46 Advertisements Column 4
      338 46 a U IJJ.ILJ.I.IIJI.I.IJJJIIIUJ FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 14NB VIGOUR PACIFIC 15WB 13£ BANGKOK 2/9 9/9 BUSAN 53 19/9 HONGKONG 27 It ?9 "8 DURBAN 7/9 199 KEELUNG 26/8 2S PT. LOUIS 7/9 19,3 PT. KELANG 31/8 7/9 KOBE 27/8 33 PIRAEUS 1/9 12/9 OSAKA 28 8 <3 JAKARTA
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  • Page 47 Miscellaneous
    • Miscellaneous
      Page 47 Miscellaneous Column 1
      542 47 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR *****100 0200 0301 o<oo 0500 0600 0700 OUR) MOO *****100 1200 13M*****500 ISM *****1M1900 2000 2100 2200 23M li 2.7 10 2.9 2.6 2.0 1.3 OJ 0.5 0.4 0.6 10 1.7 2.3 2.6 2.6 Z4 2.0 13 U 05 M M
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      Page 48 Advertisements Column 1
      428 48 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL I -Ifflr 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 TWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 15/8
      428 words
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      Page 48 Advertisements Column 2
      697 48 J HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKC SIN LALANDIA 34E 25/01 30/01 1M» 20/09 23» 22/09 HYUNDAI INNOVATOR 3*l 09*7 12/07 15/07 02/00 12/01 HYUNDAI CHALLENGER 35E 01/09 06/09
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      Page 48 Advertisements Column 3
      477 48 CHARTPOINT Every Saturday in Business Times VSL ETA LDG FOR TOPAZ V.l/ 90 26/8 BANGKOK CICELIA V.4/90 30/8 YANGON TEL: *****83 FAX: *****36 TLX: ***** JNMARI UK/CONTINENT (TRIO) |S'PO«E I S TOW H-MMC I HAVEN I'M* UN HalawAi LONOON CXPftESS 2M 1V» Mfl Jlfl to Aaatarßa*. OH*. ttatHif ttotaißfci W&SS
      477 words