The Business Times, 27 August 1990

Microfilm: NL17095
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Monday August 27 1990 75*
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  • NEWS SUMMARY
    • Article
      Thai deputy minister fired
      43 1 DEPUTY Commerce Minister Pinya Chuayplod has been fired, government-run Radio Thailand said yesterday, after a row over the import of illegal gambling machines. He was the second deputy minister in the scandal-plagued government to be fired in two weeks.
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    • Article
      Informal Opec talks begin
      65 1 OPEC oil ministers started informal talks in Vienna yesterday divided on whether to approve a rise in output above cartel quotas to plug supply gaps caused by the Gulf crisis. Delegates said consensus was growing that extra supply will be needed if the crisis drags on
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    • Article
      Petrochem projects
      21 1 SIX petrochemical projects in Malaysia, involving investments of Ms2.B billion, are expected to come onstream in 1992 Page 9
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    • Article
      Sumitomo ventures
      26 1 SUMITOMO Corporation, which now has 20 joint venture companies in Indonesia, will be establishing 30 more joint venture firms in the country Page 9
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    • Article
      Grim US prospects
      38 1 AMERICAN consumers may have spent a little more and business inventories may have fallen, but economists say the latest gross national product report does not alter the grim prospects for the US economy Page 10
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    • Article
      Music for everyone
      43 1 FOR cellist Julian Lloyd Webber and conductor Isaiah Jackson, classical music is not just for the elitist few. Malini Tambyah speaks to two men who believe that their music should reach out to a wide variety of people Page 19
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    • Article
      Services for BIP
      39 1 CWT Distribution, Singapore's largest private warehouse operator, and the Port Authority of Singapore may be roped in by the Batam Industrial Park (BIP) to provide transport and storage services for BIP tenants. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      DBS Land profits
      33 1 HIT BY higher interest expense, DBS Land has announced a 15.3 per cent dip in group after-tax profits to $14.2 million for the half year ended June 30 Page 3
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    • Article
      SES after Iraq
      74 1 WATCHING the near vertical fall of the Singapore stockmarket since August 2, investors must be wondering why this market has proved to be among the world's weakest. Though not falling quite as steeply as some small markets, the Singapore stockmarket has outstripped all the major markets in
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    • Article
      OTC stocks in US
      19 1 OVER-THE-COUNTER stocks in the US are expected to continue to underperform listed issues Page 6
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    • Article
      Kuwaiti support
      34 1 KUWAITs Finance Minister, Sheikh Ali al-Khalifa al-Sabah, said he met heads of Kuwait banks in London and pledged the support of the government, the Kuwait Investment Organisation and other organisations Page 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Friday Change BT-MGA 600.38 +14.44 Kuala Lumpur ....489.65 +8.88 Hongkong 2,918.01 +46.6 Tokyo 24.165.76 +428.13 Sydney 1466.9 -26.5 Friday Change New York 2,532.92 +49.5 London 2,086.4 +11.4
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    • Article
      CURRENCIES
      21 1 Exchange rates US$ S$ 1.7760 Yen SSl.2198 MS SS0.6590 Money market rates Overnight...... 6 13/16 +5/16 3-montn 6 13/16% +1/16
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    • Article
      COMMODITIES
      37 1 London Gold PM fix US$410.30 -US$2.10 Rubber S'porc Sep.... l68.50*/kg +2.25 M'sia Sep M248.00 Vkg +2.50 KL Tin Turnover 66 tonnes +4 Spot... M$l5.70/kg unch Crude palm oil Turnover. 779 lots +200 Sept M$675 /tonne -5
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  • Article, Illustration
    The future depends on you: PM Lee
    529 1  -  The National Day Rally By Kenneth James IN HIS LAST National Day Rally address as Prime Minister, Mr Lee Kuan Yew yesterday made an impassioned plea to Singaporeans to have the will to finish the marathon that is the Republic's future, and reminded
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  • Article
    Lock icon Saddam calls for peace, UN urges talks
    320 1 Agencies IRAQ says it wants a peaceful end to the Gulf crisis, but at the same time warned the US of endless columns of dead bodies should it launch an attack. Meanwhile, the United Nations Secretary-General Javier Perez de Cuellar has invited Baghdad
    Agencies  -  320 words
  • Article
    Lock icon Thai government to proceed with land-bridge project
    387 1 Reuter A HUGE PROJECT to build a "land-bridge" across southern Thailand linking the Indian and Pacific oceans is going ahead in spite of scepticism among economists and fear of financing hitches caused by the Gulf crisis. Government planners say Thailand will hire a
    Reuter  -  387 words
  • Article
    Higher hopes for KL OTC stocks
    301 1 The Gulf Crisis PROSPECTS OF a rally among Malaysian OTC stocks appear brighter than for those listed on the main board of the Singapore stock market this week. In spite of a rebound last Friday which took the Straits Times Industrial Index up 30.17
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  • Article
    SIA to bypass Dubai
    142 1 FROM TODAY, Singapore Airlines' European flights will by-pass Dubai, the last point in the Gulf served by the airline. It will use Bombay, Delhi and Bangkok instead as intermediate stops. An SIA press statement yesterday said the move will allow its flights to completely avoid the
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  • Article, Illustration
    Executive Style Supplement
    31 1 ASPECTS OF STYLE, or how to be stylish without resorting to being hip. A 26page special free with tomorrow's edition of BT. Make sure you get your copy.
    31 words
  • Article
    Why we're late
    35 1 SOME copies of BT may arrive late this morning. Presstime was delayed last night to allow fuller coverage of the Prime Minister's National Day Rally speech. We apologise for any inconvenience caused.
    35 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      282 1 P ,M MIkI.UOTO I In* (>i it'jn.itoi ot I W !i J K. t ill. r i 4 i/ KAMPOOLI I m 'I 'I! |L\VLI LI KS M W I* Mll„ll.iul lio.Kl 0 f < »nl 0/*i U>iouiul I lotul Sim;jpoii X V- 111 KOREAN REUNIFICATION 14 ROUSING THE TROOPS
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      Page 1 Advertisements Column 2
      36 1 Shaken stock markets, Pg 6 US Treasury market nervous, Pg 7 Demand for investment funds likely to be cut, Pg 8 How the world economies are likely to be hit, Pg 14 Other reports, Pg 12
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      Page 1 Advertisements Column 3
      92 1 KSTERLINCjI I HOME FURNISHINUSj The look ofsMCcess. f #03/319-323 Marina Square, 6 Raffles Boulevard, Singapore 0103 Tel: 338 8661 Emigration: fears and reassurance, Pg 2 Full-day schools needed to instil right values: PM, Pg 2 Full report, Pg 3 MOMtttil OF SERENITY. NEVER ENDIMK LUXURY. ■ij 9 An experience of
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Outward Bound School to be redeveloped
        128 2 THE government is to acquire 829,094 sq metres of land on Pulau Übin for the redevelopment of the Outward Board School. The decision, which is likely to see more campsites and other recreation facilities sprouting there soon, was gazetted on Aug 25. The land
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      • Article
        Toll-free number for Omni
        76 2 OMNI Hotels Asia-Pacific has installed a toll-free number, 800-1009, in its Singapore sales office. The number enables clients and travel agents in Malaysia to make instant room reservations in any of the four Omni Hotels in Asia. This move is part of an overall marketing network
        76 words
      • Article
        New lecture series
        74 2 THE Association for Informatics in Medicine Singapore (Aims) and the National University of Singapore's Faculty of Medicine are jointly starting an annual series of public lectures. The first of the "Medical Informatics Lectures" will be held on Monday, Sep 10, at the lecture theatre of the National
        74 words
      • Article
        Seminar on cancer
        66 2 THREE experts on the latest cancer treatments from the US and UK will speak at the fourth annual Mount Elizabeth Hospital seminar for doctors. One key topic that will be discussed at the seminar is the autologous bone marrow transplant where a donor is not required. The
        66 words
      • Article
        Awards for Larry
        81 2 A PAIR of cuff-links, a hair-clip, a bangle and a wallet each helped Larry Jewelry to clinch awards at this year's Diamond Design Awards contest organised by the Diamond Exchange of Singapore. The items were submitted for three different categories the ladies section, men's, and unisex sections.
        81 words
      • Article
        Donation to museum
        73 2 PHILLIPS Petroleum Singapore Chemicals (PPSC) will donate Chinese art objects worth US$5O,OOO to the National Museum tomorrow. The items, to be received by Museum director Kwa Chong Guan, will be presented by B M Thompson, executive vice-president of Phillips Petroleum (USA) in a simple ceremony at the
        73 words
    • Article, Illustration
      Emigration: fears and reassurance
      505 2 The National Day Rally IT IS both reassuring and worrying that Singapore's emigration trend varies inversely with the nation's economic growth, Prime Minister Lee Kuan Yew said last night. Singapore's annual net loss of people jumped sharply from 70 in 1986 to 2,500 in 1987, and
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    • Article, Illustration
      Prime Minister pays tribute to Chok Tong's gumption
      149 2 SINGAPORE needs a government which is both bold and prudent. It must be bold enough to tackle difficult, sensitive, almost unsoluble problems, said Prime Minister Lee Kuan Yew. Mr Lee said he was "dead serious" when, in his speech on the eve
      149 words
    • Article
      Full-day schools needed to instil right values: PM
      296 2 WITH THE three-generation family becoming more the exception than the rule, fullday primary schools are needed to ensure that children learn the right values, Prime Lee Kuan Yew said yesterday. "When I grew up, I grew up in a big family at
      296 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      284 2 A Apple Centre at 78 Shenton Way oHHBi About the Apple Cheque Promotion, who's got the juiciest carrot now? Still $2,000! Going. Seriously, why us? Our sales consultants can provide you, our Our technical consultants have considerable ti a s -ro fL a customer, with up-to-date information on experience in
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      Page 2 Advertisements Column 2
      328 2 AT LAST A PORTABLE FAX THAT WORKS 1 CARS. TAKES BUSWESS TRIPS AHD TEAMS UP WITH TOUR PC. Validian PF-101 is a product viated d,al,ing 10 ,oca of Pioneer, Japan. It packs tions with a max. length of unique features and versatility to /VI Sili#Vl\l 50 di9lts one touch falling
      328 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      DBS Land interim profit falls 15pc
      456 3  -  Turnover goes up but so does interest expense By Abdul Hadhi HIT BY higher interest expense, DBS Land has announced a 15.3 per cent dip in group after-tax profits to $14.2 million for the half year ended June 30 this year. The high-profile property
      456 words
    • Article
      Lock icon Investors' group urges KL to freeze new issues
      202 3 Beraama THE MALAYSIAN Investors* Association has urged the government to freeze new issues and rights issues for four months to let the market improve its liquidity. The MIA said in a statement released last Saturday that market capitalisation had caused a paper
      Beraama  -  202 words
    • Article
      Lock icon Mycom prevented from holding EGM
      290 3 MBT IN A SUDDEN TWIST of events, Mycom directors were slapped with an injunction preventing them from holding an extraordinary general meeting (EGM) in Kuala Lumpur last Friday. Managing director John Chia said that an ex-parte injunction by Pan Global Equities was served on the
      MBT  -  290 words
    • Article, Illustration
      Oil price hike leaves slippery trail
      929 3  -  The Gulf crisis sent Singapore's stock market plunging more than most of the world's bourses. Loretta McLaughlan takes a look at just what the soaring oil prices could mean for corporate earnings. Loretta McLaughlan WATCHING the near vertical fall of the Singapore stock market
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    • Article
      Lock icon Expert issues warning on mergers, takeovers
      333 3 Bernama AS THE Malaysian capital market bccomes more sophisticated, more companies are looking to mergers and acquisitions as a means of growing and prospering. Merchant bankers too are often pushing mergers and acquisitions as the way to grow big. However, the history of mergers
      Bernama  -  333 words
    • COMPANY BRIEFS
      • Article
        Dreamland posts 66pc rise in profit
        171 3 DREAMLAND HOLDINGS BHD has recorded a 66 pot cent rise in group pre-tax profit to M 55.21 million for the year 'r* ended June 30, 1990, against a profit of M 53.13 million the <• year before. This was registered on a 36 per
        171 words
      • Article
        MMC, Tronoh acquire stake
        110 3 MALAYSIA MINING CORPORATION (MMC) together with its subsidiary, Tronoh Mines Malaysia Bhd, has re* cently acquired a 30 per cent stake in Pioneer Mineral Exploration Ltd, an Australian-based company involved in mineral exploration. In a statement last Saturday, MMC added that Pioneer Mineral had successfully started
        110 words
      • Article
        Optimistic outlook for JCM
        93 3 JCM SDN BHD, which provides engineering services the oil and gas industry, is confident that the boom in the** oil industry will provide greater opportunities for the conj- pany. The company, which has clinched a M 530.4 million, contract from Esso Production Malaysia Bhd to install
        93 words
      • Article
        Pasar Borong sells units
        47 3 PASAR BORONG DEVELOPMENT Sdn Bhd, a whollyowned subsidiary of Kumpulan Syed Kechik, has sold about Ms6o million worth of units in Phase 1A and IB qt its project in Selayang, Selangor. The two phases comprise a wholesale market complex and four-storey shop-cum-office blocks.
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      399 3 Technology every Tuesday in BT NANYANG TECHNOLOGICAL INSTITUTE (To be reconstituted and renamed the Nanyang Technological University in 1991) 111 II M Financial planning corporate LEGAL ENVIRONMENT (mandarin) •.x-:-':-§J :y I fl. ftffttimi *i*fSfefS: ±i##: JUBM 1990*9 H24Hf.loHl9H ¥W_l £4W> *t£eit ft?f HjS (Safliffif fM mil Bth6 Bit:9 w **«ifJiait
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Kobe and Kawasaki plan tie-up
        64 4 M>BE STEEL LTD and Kawasaki Heavy Industries Ltd have fieed to link up in October on sales and production of Mstruction machinery. A Kobe spokesman in Tokyo said B Friday that combined, the two companies would be the tp-d largest construction machinery maker in Japan
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      • Article
        Sumitomo raises profit forecast
        67 4 ■MITOMO METAL MINING Co Ltd has revised its Eecast for parent net profit for the year to March 31, B>l, to 11 billion yen from an earlier estimate of 10 Mion, against 9.86 billion a year earlier. It plans to pay a It-yen annual dividend plus
        67 words
      • Article
        Joint project for Nissan, Fuji
        69 4 ISSAN MOTOR Co Ltd and Fuji Heavy Industries Ltd y produce sister cars sometime in the future, say indussources. The two companies might work together to duce the platform frames for the new "March" car del now being developed, Nissan president Yutaka me said in
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      • Article
        Sparkling results by Ashton
        70 4 OMING DIAMOND and gold sales boosted Ashton ling Ltd's net earnings by 261 per cent to A 517.2 lion (US$l4.l million) for the six months to June 30, company said last week. Ashton, which holds a 40.2 per t stake in the Argyle diamond mine in
        70 words
    • Article
      HK-based group to help manage N Korean hotel
      339 4 THE HONGKONG-BASED Talented Dragon group will help manage a 105-storey hotel being built in Pyongyang, according to the South China Morning Post. A North Korean official, Li Ho-hyok, last week announced the signing of the agreement with Talented Dragon to promote tourism
      339 words
    • Article
      Thai sportswear makers focus on export markets
      407 4 FACED WITH strong competition from imported inter-nationally-known brands, Thai makers of sportswear products are doncentrating on export markets which provide more scope for business development, r Growth in the Thai sportswear market was described as very slow. Last year the market vtas estimated
      407 words
    • Article
      Lock icon Thai govt Planning shore up
      246 4 Reuter THE TrtAl »i|iMill lbs asked tMf aemi -stato-awaed The Mutual Find Co Lid to launch a special fWe-WlBoo-baht (US$l96 milftea) find for inveatiag la aad shoring op Thaittaeks. Thai stock cxchuic dtmh deat Maruey Phadooa«sidhi said ia Hwgiwir last Friday that the Ase-yav fuad.
      Reuter  -  246 words
    • Article, Illustration
      Lock icon Pilots' dispute costs Australian Airlines A$ 150m
      256 4 Reuter A PROLONGED pilots' dispute cost government-owned Australian Airlines about AS 150 million in lost profits in the year to June 30. The airline reported a net loss of AS 13.74 million for the year from a profit of A 570.38 million previously
      Reuter  -  256 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      358 4 |B| The world's most advanced 1. A autofocus system In any camera. Chinon introduces m the most advanced dual mode autofocusing system and multi-picture composing mode all in one camera. THE GENESIS 111. I/I The Genesis 111 ensures perfect focus in the widest possible types of lighting conditions besides composing
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      Page 4 Advertisements Column 2
      19 4 A Challenger Company 120 Tan prig Rhu Road #04-00 Khong Guan Building Singapore 1543 Tel: 447 4822 Fax:6s-345 5072
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      60 5 HONG SEH MOTORS PTE. LTD. Showroom: FERRARI (M) SDN. BHD. 10 Fourth Lok Yang Road 73 Bukit Timah Road 21/G, Highway Centre, Jalan 205 Jurong Industrial Estate #01-02 Tong Nam Building ***** Fetaling Jaya Singapore 2262 Singapore 0922 Selangor Darul Ehsan, Malaysia Sole distributor* Tel: *****55 Tel: *****11 Tel: *****97
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Moscow gets German assurance on trade
        111 6 WEST GERMAN ECONOMICS MINISTER Helmut Haussmann has said that a united Germany must remain true to its historic role as a bridge between East and West Europe. Speaking in Moscow last Saturday after talks with Soviet Deputy Prime Minister Stepan Sitaryan, he said West
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      • Article
        Fokker expecting big profits
        92 6 DUTCH aerospace group Koninklijke Nederlandse Vliegtuigenfabriek Fokker NV, which earlier reported that its first-half 1990 net profit had trebled to 41.9 million guilders, expects a considerable increase in the full year. In May, a board member said he did not rule out Fokker's 1990 net profit
        92 words
      • Article
        Trusthouse buys Bass units
        53 6 TRUSTHOUSE FORTE pic (THF) has bought the Highway Lodge and Kelly's Kitchen businesses from Bass pic for an undisclosed cash sum. The deal allows THF to expand its chain of Travelodge budget hotels by giving the company one Highway Lodge and a number of sites suitable
        53 words
      • Article
        US Air plans further lay-offs
        69 6 USAJR GROUP INC, which last week announced plans to lay off 1,500 probationary employees, has unveiled plans to eliminate an additional 2,100 positions over the next 120 days, "These additional personnel cuts take into account the softening of passenger demand, poor economic conditions, escalating fuel
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      • Article
        UN sanctions hit jobs
        67 6 UK ENGINEERING GROUP NEI Parsons Ltd is to shed 500 jobs because United Nations sanctions against Iraq are blocking a £75 million order for generators. NEI managing director Richard Maudsley said in London last Friday that the company could not fulfil the order "due to the
        67 words
      • Article
        Plan boosts Fannie Mae shares
        95 6 SHARES of the US Federal National Mortgage Association rose in active trading last Friday after the company announced the day before that it would repurchase about USjStfOO million in common stock and warrants, analysts sain "By buying their stock, Fannie Mae officials are givfig a
        95 words
    • Article, Illustration
      Lock icon Shaken stock markets could be in for further shock waves
      610 6 Reuter EQUITY MARKETS from New York to Manila have felt the tremors from the three-week-old Mideast conflict, and could be in for further shocks if a Gulf war erupts, say US analysts. Iraq's invasion of Kuwait on Aug 2 re-forged
      Reuter  -  610 words
    • Article
      Lock icon Latin American bourses plan integration
      366 6 Five-nation move to boost liquidity in trading Reuter LATIN AMERICA'S five largest stock markets are planning to allow citizens of one nation to buy shares traded in the other markets. The markets involved would be Mexico, Brazil, Chile, Venezuela and Argentina, Ary Oswaldo Mattos Filho,
      Reuter  -  366 words
    • Article
      Lock icon OTC stocks in US likely to continue lagging behind listed issues
      285 6 Reuter OVER-THE-COUNTER stocks in the US are expected to continue to underperform listed issues, even though smaller company stocks have already been hit proportionately harder during the Mideast crisis, say analysts. Regardless of how the situation in the Gulf
      Reuter  -  285 words
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      55 6 jf v. I 0 I THE l| lifestyle/ if wSi^B ii !r^^4 I «o club I J- II The Ist International Marina Club in Indonesia. J Opening soon. J I J 6 O Managed by: MEECO MARINAS INC. (U.S.A. Australia) One of the world's largest manne manufacturer and Management Consultants
      55 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        South Korea to launch Asia fund in September
        98 7 SOUTH KOREA will launch the Korea Asia Fund (KAF) worth US$lOO million on the Hongkong and London stock exchanges in September, Dongsuh Securities officials said. The KAF will be the third country fund enabling foreigners to invest indirectly in the Korean stock
        98 words
      • Article
        Banks see lower earnings
        61 7 CANADA'S big six national banks, set to report third quarter results this week, are likely to show net earnings that are 7-20 per cent lower than a year ago because of the country's deteriorating economy, banking analysts said. "The big question is how much have loan
        61 words
      • Article
        CL Belgium launches bond
        56 7 CL BELGIUM Finance SA, a unit of France's Credit Lyonnais, is launching a seven-year, one billion Luxembourg franc bullet Eurobond with a coupon of 9-7/8 per cent and an issue price of 102, lead manager Credit Lyonnais Luxembourg said. The issue is guaranteed on a subordinated
        56 words
    • Article
      Lock icon Kuwaiti minister pledges support for banks
      521 7 Reuter KUWAIT'S Finance Minister, Sheikh Ali al-Khalifa alSabah, said he met heads of Kuwait banks in London and pledged the support of the government, the Kuwait Investment Organisation (KIO) and other organisations. t4 I have told them, that we, the government, the KIO and
      Reuter  -  521 words
    • Article
      Lock icon US Treasury market nervous over military conflict in Gulf
      387 7 Reuter THE US Treasury market will continue to sit on the edge of its seat this week in the fear that the first shot will be fired in the Mideast standoff, economists said. The Treasury market has seen the 30-year bond
      Reuter  -  387 words
    • Article
      Bank Buana to sign US$ 30m loan deal
      302 7 BANK BUANA Indonesia, which recently set up a joint venture bank in Indonesia with Singapore's DBS Bank and Tat Lee Bank as partners, will sign a US$3O million loan agreement with a group of banks here today. The revolving credit facility is
      302 words
    • Article, Illustration
      Lock icon Soviet bank wants to set up Tokyo office
      112 7 AFP THE State Bank of the Soviet Union wants to set up a Tokyo office, Soviet diplomatic sources said on hinting that Foreign Minister Eduard Shevardnadze would raise the issue when he visits Japan. "The opening of Soviet bank offices in foreign
      AFP  -  112 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      504 7 WKg o li 5* L I f An unusual combination of WfufLL traditional Chinese dishes and succulent seafood is being created at Singapore's newest restaurant. Inspired by the vast variety of Chinese dishes and the bounty of the W sea, the Hai Xiang's chefs have come up with a menu
      504 words
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      Page 7 Advertisements Column 2
      52 7 Maurice Lacroix has the knack of making you feel dressed, with timepieces that break boredom. In pink and yellow gold bracelets. fTlaurice lacroix i e OF SWITZERLAND S.A. De»co Singapore Pte Ltd 10 Shenton Way #17-01/02 MAS Building Singapore 0207 Tel: 220 3022 Fax: 221 6021 Available at leading authorised
      52 words
  • Page 7 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Good and bad
        67 8 THE Iraqi invasion and annexation of Kuwait brings both advantage and disadvantage to Malaysia. Deputy Prime Minister Ghafar Baba said on Saturday that while it prompted Malaysia to boost oil production, the latest Gulf crisis also adversely affected the country's palm oil exports. The nation's oil production
        67 words
      • Article
        Saving energy
        51 8 THAILAND is expected to impose strict energy conservation measures as hopes fade for a quick settlement to the Gulf crisis. The Thai-language Matichon newspaper said on Saturday that energy experts had thrashed out a belt-tightening energy conservation plan to be urgently implemented after getting the Cabinet's approval this
        51 words
      • Article
        Vietnam's rejection
        57 8 VIETNAM on Saturday rejected the equal participation of the Khmer Rouge with the Phnom Penh government in a future interim ruling body for Cambodia. In an interview with the official Vietnamese News Agency, Foreign Minister Nguyen Co Thach also blamed China, the main resistance backer, for "undermining" a
        57 words
      • Article
        Philippine police protest
        61 8 ABOUT 1,000 Manila policemen held a rally yesterday protesting against army rebels believed responsible for a rash of bombings in the Philippines. Carrying placards which said 'Damn the coup plotters', 'Bombers are so crazy', 'Damn you, bombers', the unarmed policemen marched to a public park. Wearing civilian
        61 words
    • Article
      Lock icon 1992 boost for KL petrochemicals
      408 8 MBT SIX petrochemical projects in Malaysia, involving investments of Ms2.B billion, are expected to come onstream in 1992. These projects have the capacity of producing a total of 530,000 tonnes of petrochemical products a volume which will far outstrip projected needs of domestic downstream plastics
      MBT  -  408 words
    • Article
      Lock icon Foreign investors favour Johor
      148 8 Bernama JOHOR continues to be one of the top states favoured by foreign investors as the location for their manufacturing projects, Trade and Industry Minister Datuk Sen Rafidah Aziz said yesterday. She said that in the first seven months of this year, 108 manufacturing projects with
      Bernama  -  148 words
    • Article
      Sumitomo to set up 30 more Indon tie-ups
      278 8 SUMITOMO Corporation, which has 20 joint venture companies in Indonesia, will establish 30 more joint venture firms in the country, says its chief, Tadashi Itoh. The Jakarta Post on Saturday reported Itoh as saying after meeting President Suharto that the new joint
      278 words
    • Article
      Gulf crisis likely to cut demand for investment funds
      342 8 THE effects of the Persian Gulf crisis are expected to delay many new investment projects and expansion programmes in Thailand, according to Bank of Thailand Governor Chavalit Thanachanan. The Bangkok Post last week reported Mr Chavalit as saying that the expected
      342 words
    • Article
      Govt support for private projects
      160 8 THE Thai Industry Minister has introduced regulations to provide support to private investment in industrial centres, following extensive ventures in industrial parks, mini-factories and industrial condominiums. The Nation reported last week that these ventures were not under the Industrial Estate Authority of Thailand, which overseas
      160 words
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      Page 8 Advertisements Column 1
      382 8 GOOD IDEAS KEEP COMING UP Our customers speak volumes about our copiers. Low volume Mid volume High volume i, Hi is Before you decide on a copier, check out what It's this kind of innovative technology and other copier users think. reliability that you get when you buy a Sharp
      382 words
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      Page 8 Advertisements Column 2
      19 8 warm cordial reception In Kuala Lumpur where else but the Shangri-La. SHANGRI-LA INTEKN ATION AL SINGAPORE 535 7S7t I
      19 words
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      254 9 > I 'O K ''^&j.&^ J 2 4 0 I. i; s #3fSß* '/V, lv i -v 3i!l^^^^^K»SHEMßfl^aßra^^MalgSigi&sKß»gßS^a i,jpfl*'' -^!a v** -i*' I^B y^' >9HRKf < "*^B I Hi: SIM /I KO 1)1 I I CIS i s mivat ci t lian !he sum ol i lie parts. it \on
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        US looks into alleged dumping of TV tubes
        78 10 THE US Commerce Department has opened an inquiry to see if Asian and Canadian television makers are trying to avoid a US "anti-dumping" ruling on selling colour TV tubes in the US. The department ruled in 1988 that firms in Japan, South
        78 words
      • Article
        Worst recession in 10 years
        82 10 PRESIDENT Fernando Collor de Mello's draconian antiinflation plan implemented in March has triggered Brazil's worst recession in 10 years, according to data from the government statistics institute. In the three months since Mr Collor froze a third of the nation's wealth, ended indexation of wages
        82 words
      • Article
        Unemployment in Peru
        56 10 PRESIDENT Alberto Fujimori's economic austerity plan has put some 300,000 small industry employees out of work in Peru, a business organisation said on Saturday. Elena Maria Delgado, vice-president of the National Small Industries Committee, said 40 per cent of Peru's small industries were being forced to close
        56 words
      • Article
        Record US farm imports
        35 10 THE US imported record levels of farm goods in the first half of this year but also increased its share of agricultural sales on the world market, the Agriculture Department said.
        35 words
    • Article
      Lock icon Grim US prospects not altered by GNP figures
      431 10 Reuter AMERICAN consumers may have spent a little more and business inventories may have fallen, but economists say the latest gross national product report does not alter the grim prospects for the US economy. "It's ancient history for one thing," said economist
      Reuter  -  431 words
    • Article
      Lock icon 'Fed's chief concern is inflation'
      144 10 Reuter THE US Federal Reserve has apparently decided to make no changes in interest rates until the Gulf crisis subsides and its impact on the economy becomes clearer, a published report said on Saturday. The New York Times said the decision, reached at a closed-door
      Reuter  -  144 words
    • Article
      Lock icon Taiwanese allowed to invest indirectly in Chinese plants
      239 10 AFP TAIWAN'S businessmen are to be allowed to invest indirectly in 3,922 types of manufacturing facilities in mainland China, Taiwanese Vice-Economic Minister Li Shu-jiu said yesterday. The list, finalised by the Economic Ministry on Saturday but awaiting Cabinet approval, contained the following:
      AFP  -  239 words
    • Article
      Lock icon US$3 trillion public-works plan spurs Japanese debate
      440 10 NYT JAPANESE economists are divided as to whether Japan's plan to spend US$3 trillion on public-works projects over the coming 10 years will reduce the country's international payments surplus, or if it will even benefit Japanese citizens. Bowing to pressure from Washington, Japan
      NYT  -  440 words
    • Article
      Lock icon No blanket exceptions for Seoul, Tokyo: US
      123 10 AFP THE TOP US coordinator for Gatt talks said in Seoul on Saturday that South Korea and Japan should not be allowed to protect their agricultural markets under "blanket exceptions". Warren Lavorel, US coordinator for multilateral trade negotiations, also said national security provisions
      AFP  -  123 words
    • Article
      Lock icon EXT drafts plan to integrate E Germany
      241 10 NYT WITH German unification now only weeks away, the 12-nation European Community has hurriedly drafted a set of provisional measures aimed at smoothing the integration of East Germany's backward economy into this prosperous region. The measures, which should be in place before the
      NYT  -  241 words
    • Article, Illustration
      Lock icon Oil price hikes pose danger for Opec
      530 12 The Gulf Crisis Threat of global recession stands to jeopardise cartel's position Reuter WHEN OIL PRICES hit US$2O a barrel in July, a few Opec ministers were satisfied. When they hit US$25, many were surprised. But now with oil prices over US$3l, some
      Reuter  -  530 words
    • Article
      Lock icon West sees no need to tap strategic oil stock
      430 12 Reuter WESTERN governments see no need to draw down strategic oil stocks now because of the Gulf crisis, a senior official at the West's Paris-based energy watchdog body said. No physical shortage of crude oil has emerged because of the United
      Reuter  -  430 words
    • Article
      Lock icon Asian countries stand to lose millions over returning workers
      260 12 AFP SEVERAL Asian countries could each lose hundreds of millions of dollars in remittances if large numbers of workers in Iraq and occupied Kuwait return home. The return of Asian workers, estimated at more than half a million in those countries,
      AFP  -  260 words
    • Article
      Lock icon Airlines plan fare increases for Gulf routes
      430 12 Reuter MAJOR INTERNATIONAL airlines fearing a war in the Gulf are planning fare increases for the region to absorb war-risk charges, airline and travel industry sources in Dubai said yesterday. Several have cut back on the number of Gulf flights and others are
      Reuter  -  430 words
  • Page 10 Advertisements
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      248 10 I- 1 HOWTOSffI/E YOURSELF i PRIME OFFICE SPACE 1 I I I I I i W&T RECORDS STORAGE AND MANAGEMENT SERVICES CAN FREE YOUR PRESENT STORAGE AREAS The most expensive place These will be locked and stored under 24 to store old office records ]jj[ 11 JTIII hours security. is
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      70 10 This announcement appears as a matter of record only Fujian Investment Enterprise Corporation U5520,000,000 Syndicated Loan Facility Arranged by Arab Banking Corporation (8.5.C.) Provided by Crddit Lyonnais, Hong Kong Branch Girozentrale Vienna International Bank of Asia Ltd CA Asia Limited (a wholly owned subsidiary of Creditanstalt-Bankverein) Monte Dei Paschi Di
      70 words
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      251 11 Move ¥>ur Workgroups From Isolation To Cooperation. Most companies have computer systems the success of the entire enterprise may this, we've developed a wide range of that were acquired on a departmental level, not be available on a timely basis to capabilities adaptable to almost any often from different vendors.
      251 words
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      173 12 Private banking with. Canadian stability... global mobility. f anadian Imperial Bank through CIBC subsidiaries Commerce The Bahamas, the Cayman the Islands H Canada one the our to bases from to access by our opportunities. We are office Hong Kong ten Singapore better or Our Hong Kong, tS|#l Taipei, Singapore B9UM
      173 words
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  • Page 13 Advertisements
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      190 13 lL B r U v BMB ~iy i- €iS r\T\ 1 r\rn L UnHr I It too i*£s§£ I n L p LJlg" I 'T 1 1 BUSMESS. HNANCE, ENGINEERING, ARCHITECTURE AND LAW MADE EASY. No matter which business you're in, or how big you are, Philips computers can make
      190 words
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  • ANALYSIS
    • Article
      Lock icon Will Korea pull off its own version of the German unity act?
      696 14  -  Jim Impoco reports on the prospects Jim Impoco US News A World Report EVER since the Berlin Wall came tumbling down, South Korean authorities have been insisting that the two German ys will not be the model for
      US News A World Report  -  696 words
    • Article, Illustration
      Lock icon Higher oil prices set to crimp growth in consuming countries
      1021 14  -  Peter Norman looks at the stress-points of the world economy as the ripple effect of the Gulf cnsis feeds through the system Peter Norman FT SADDAM Hussein may not realise it, but he has probably brought down the final curtain
      FT  -  1,021 words
    • Article, Illustration
      Tough time ahead for direct mail industry in Singapore
      868 14  -  By Lim Soon Neo Despite its successes elsewhere in the world, particularly the United States, direct mail marketing is having a tough time cracking the Singapore market, but that has not stopped a number of Singapore companies from trying. "Most people
      868 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      149 14 Dowagerwould have longed for... I on S ev 't> recipes a nd I new cuisine that have 'Mifim I >een aspired since. Tlngli Hall, located on Longevity Hill in KJK the Summer Palace was where the Empress Dowager used to enjoy fine WL Since 1949, Tlngli Hall Restaurant openec ts
      149 words
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  • ENTERPRISE & MANAGEMENT
    • Article
      So you want to work with a venture capitalist
      330 15  -  SPOTUGHT ON MANAGEMENT By Ong Yew Huat WORKING with venture capitalists is not easy, but it helps if you follow some golden rules. First, assess your company's potential before seeking financing. A company that can become another multi-billion-dollar Apple, Genetech or
      330 words
    • Article
      MEMOPAD
      234 15 Seminars and courses Dnlioi TMe Venue Organiser Td Aug 27 Competitive Advantage Hotel Equatorial Dominion Conferences 22S852S Through Cost Excellence A Publications Pte Ltd Aug 27 Time Management Management Singapore *****66 House Institute Of Management Aug 27-28 Closing The Sales Deal Marina Mandarin Ewing Communications *****00 Pte Ltd Aug
      234 words
    • Article, Illustration
      Rousing the troops
      983 15  -  Chuang Peck Ming talks to CEOs about their methods for motivating managers Chuang Peck Ming Bob tan, the managing director of MK Electric, keeps his senior staff charged by piling them with work, and more work. Over at Guardian, a big retail pharmacy chain, general manager Pauline
      983 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      231 15 j Management Consultancy S|# I T r 1/ Seminars And Training Kill I Business Assistance ll I L L I X 11 Manpower Recruitment COISUII ANTS Business Centre Direct Mailing ONE PRICE SALE REGARDLESS OF ORIGINAL PRICE ALL SAME BRANDED ITEMS ARE ONE PRICE! ONCE IN A LIFE TIME OPPORTUNITY
      231 words
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      Page 15 Advertisements Column 2
      104 15 .Je k; Lufthansa's Asian Commitment: Our exclusive Business Class. '<;• Business Class aboard Lufthansa's 8747-400 is out on its own. Exclusively situated in the front of the aircraft. There's more space. A new colour-scheme. The seating is more comfortable. There's more leg-room to stretch. More room to move around. More
      104 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      464 16 f Congratulations 1 To Our Managing Director I MR. TAN KAY HOCK on his conferment of the PINGAT BAKTI MASYARAKAT MEDAL H (PUBLIC SERVICE MEDAL) H by the President of the Republic of Singapore WM from Board Of Directors And Staff YCD INTERNATIONAL FREIGHTBRIDGE PTE LTD I 70 Shenton Way,
      464 words
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      Page 16 Advertisements Column 2
      906 16 o DBS LAND DBS LAND LIMITED (Incorporated in the Republic of Singapore) i t 1. UNAUDITED RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1990 The Board of Directors of DBS Land Ltd wishes to announce that the unaudited results of the DBS Land Group for the half year ended
      906 words
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  • SPORTS
    • Article, Illustration
      Lock icon Connors pulls out of US Open
      779 17 AP JIMMY CONNORS has said he would not play in the US Open after leg cramps forced him to retire from an exhibition match against Ivan Lendl on Saturday. "I think it would better for me not to play the Open due to the
      AP  -  779 words
    • Article, Illustration
      Lock icon Olazabal stuns field with amazing play
      555 17 AP DONNIE HAMMOND thinks he knows why Jose Maria Olazabal is playing the greatest golf of his life. "Maybe his caddie's telling him he's really two shots back," Donnie Hammond suggested on Saturday. Maybe not. But whatever the reason, Olazabal has taken most of
      AP  -  555 words
    • Article
      Lock icon Edberg to play Ivanisevic in Hamlet final
      350 17 AP WIMBLEDON champion Stefan Edberg, newly-ranked No 1 in the world, won two matches on Saturday to reach the finals of the Hamlet Challenge Cup in New York. Edberg defeated fellow Swede Jonas Svensson 6-4, 6-2, and then ousted No 6 John McEnroe
      AP  -  350 words
    • Article
      Garrison falls to Capriati
      90 17 ROOKIE Jennifer Capriati upset second-seeded Zina Garrison on Saturday while favourite Steffi Graf survived a challenge from unseeded Leila Meshki in the semi-final matches of the Pathmark Tennis Classic in New Jersey. Capriati triumphed over Garrison, 6-1, 6-2, in just 53 minutes. Garrison, ranked fourth in
      90 words
    • Article
      Aussies hook title
      132 17 THE Gamefishing Club of South Australia captured the 1990 Hawaiian International Billfish tournament on Saturday, but only after a broken line ended a marathon battle that oouki have given the title to a California club. Ron Smothers of the Marina Del Rey Fishing Club hooked into a
      132 words
    • Article
      Italian-Japanese clash
      86 17 A CLASH between an Italian team and a pair of Japanse high school students in the amateur tandem finals was to highlight the World Cycling Championship in Japan yesterday. Gianluca Capitano, 18, and Federico Paris, 21, of Italy were to face Toshinobu Saito, 17, and Narihiro Inamura, 18,
      86 words
    • Article
      Sainz leads comfortably
      125 17 CHAMPIONSHIP leader Carlos Sainz of Spain had a comfortable 48sec lead in the 1,000 Lakes rally in Finland after Saturday's third stage, which left most of his pursuers fer behind his Toyota Celica. An Vatanen in a Mitsubishi Galwt lies second, but there is a yawning 4min
      125 words
    • Article
      Seles downs Sanchez Vicario
      84 17 MONICA SELES recovered from slow starts in both sets on Saturday to beat ailing Arantxa Sanchez Vicario 6-3, 6-2 and win the KISS 100 Invitational in Pennsylvania. Seles, the reigning French Open champion and winner of 43 of her last 44 matches, overpowered Sanchez Vicario with
      84 words
    • Article
      Daniel in front
      105 17 BETH DANIEL, winner of two of her last three tournaments and the LPGA's top money-winner this season, shot 3-under 69 on Saturday for a 2-stroke lead after two rounds of the Northgate LPGA Classic. Daniel, who was tied for second with Cindy Rarick and Chris Johnson with
      105 words
  • Page 17 Advertisements
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      887 17 Manufacturers 00! HANOVER MANUFACTURERS HANOVER TRUST COMPANY AND SUBSIDIARIES CONSOLIDATED STATEMENT OF CONDITION CONSOLIDATED STATEMENT OF OPERATIONS December3l, Year ended December 31, (Do>ars m mrthona. e»cep< per share amount) IW> 1988 QnmJwne) WW 1988 ASSETS INTEREST REVENUE Cash and due from banks $2,322 52.310 Loans 84,180 $3,847 Interest bearing deposits
      887 words
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      1231 18 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... 1 I Hi I pP» HI i Say cheese to— < I SWISS I The Swiss have such wonderful ways with cheese. Savour them y and more at The Belvedere's Swiss Buffet this month.
      1,231 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      709 18 TELEVISION AND RADIO -m i popular comedienne Phyllis Wraatflag. a I tClUMC^Oinilfi I I /> SBCI2 Yvonne Stickney and rock Ml Bagiaaal Naars (M). PUSlfttaS UK fIALHV luu 1 Til 111 V >v,v.., I, Bv Morris Day headline this iM BaHgl»a> Prigriain. Rftr M _ll_ yur u ""HSiHS w |sS
      709 words
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  • THE ARTS
    • Article, Illustration
      Lock icon Reaching out to the world
      1039 19  -  For cellist Julian Lloyd Webber and conductor Isaiah Jackson, classical music is not just for the elitist few. Malini Tambyah speaks to two men who believe that their music should be enjoyed by a wide variety of people. Malini Tambyah JULIAN Lloyd Webber seems to
      Photos by Lim Sin Thai  -  1,039 words
    • Article, Illustration
      A special affinity for children
      779 19 Conductor isaiah Jackson is that absolutely delightful mixture of academia, music and warmth. The lines of the learned man are curiously juxtaposed with a certain liveliness in his eyes which attract children and young people to him. And there was certainly no shortage of young
      779 words
    • Article
      Sad swans and knackered knights
      228 19  -  The Singapore Symphony Orchestra By P Y Van THUNDER and lightning rocked the stage of the Singapore Conference Hall last Friday as an unexpected maelstrom hit the world. Markets toiled and fortunes tumbled; fires burned and the cauldron bubbled. In this uncertain atmosphere, Tchaikovsky's Princess
      228 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      255 19 AND ENTERTAIN 1,1 1 i Set Your Heart On Our Set Meals. LUNCH: MtLs9! t'EI \i jjcpm $|65 J BSw I JV PEK PERSON DINNER ft *CPM R) ■HbV r"£i i jl\ 7* A 10 V3PM SK.SC. PER PERSON The Cafe-in-the-Park is well known for its excellent food. And now,
      255 words
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      Page 19 Advertisements Column 2
      245 19 I BP®® I I I" Bi ifcT^^■ I "m CARVERY LUNCHEON i i K..,,.} I s i'T i KI. H I s I u-ikh <i i ■< 11: I m,|.m,. > \i! < I <. Mil I l lis I < U .1 \i \ki\ \li H i \(< )i
      245 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market drops heavily on continued Gulf tension
      4915 20  -  By Abdul Hadhi THE GULF CRISIS is expected to continue shaping proceedings on the Singapore stock market this week. Brokers said Friday's rebound was largely technical, and share prices are likely to ease further in the absence of fresh incentives to bring the
      4,915 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3794 21 Main Board S Steam Ln 94 78'/i IV +19% Clob Main Board S Si cam Ln 94 78V: 1.9% +IW Clob Main Board Spore Land 1220 -100 -7.6* Asia Pacific 850 -30 -3..4% Eu Yan Sang 310 -30 -8 8% Marco Polo Wt 55 -30
    3,794 words
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  • MARKET REVIEWS
    • Article
      Lock icon Saddam's TV chat unsettles traders
      689 22 FT HAVING been glued to their television screens last Thursday night for Saddam Hussein's macabre chat with a small British hostage about cornflakes and football, Wall StQKt traders were back at th«ir dealing screens on Friday amid enormous uncertainty about where the market was going
      FT  -  689 words
    • Article
      Lock icon Stocks continue to plummet
      436 22 >TOK*G AFP TENSION in the Gulf and worries about higher interest rates drove share prices sharply lower on the Tokyo Stock Exchange last week, with the key indicator plunging to a two-and-a-half-year low last Thursday. The Nikkei Stock Average 0f225-selected issues fell below the 24,000-yen level
      AFP  -  436 words
    • Article
      How high can a dead cat bounce?
      896 22  -  By Ray Heath HOWEVER ILL the wind that has swept out from the desert, it has still blown some good for shareholders in the UK market. Defence contractor GEC and middle-sized oil groups such as Enterprise and Las- mo have benefitted from the
      896 words
    • ASIAN MARKETS ROUNDUP
      • Article
        SYDNEY
        113 22 AUSTRALIAN stocks dived last week as fears grew that the Gulf crisis would escalate into a shooting war and the Federal Government's budget crushed hopes of interest rate falls, brokers said. The main market indicator, the All Ordinaries Index, plunged 75.8 points or 4.9 per cent to 1,466.9. The
        113 words
      • Article
        TAIPEI
        153 22 SIMMERING TENSIONS in the Middle East continued to weigh heavily on the Taiwan Stock Exchange, which saw another week of setbacks amid dwindling trading. Further extending the pre- vious week's 2.06 per cent dip, the weighted price index surrendered 875 points, or 21.8 per cent, to end the week
        153 words
      • Article
        BANGKOK
        96 22 THE Securities Exchange of Thailand (SET) index continued to plunge in the wake of the Gulf crisis, falling 224.94 points over the previous week to close at 695.81 points. It was a 24.43 per cent drop from the previous week's close of 920.75. A SET official said investors were
        96 words
      • Article
        JAKARTA
        50 22 PRICES plunged on the Jakarta Stock Exchange last week as foreign investors, wary about the rising tension in the Gulf, began to pull out of the market. The JSE Index dipped 5.7 per cent from 585.150 to 551.782 while the Jardine Fleming Nusantara index fell from 136.78 to 131.33.
        50 words
      • Article
        BOMBAY
        114 22 DESPITE the crisis in the Gulf, prices on the insulated Indian stock market scaled new heights last week, with the Bombay Stock Exchange Sensitivity (BSE) index mov- ing up 70 points to doae at 1,151.3. The BSE national index gained 33 points at 593.2. The continued rise is an
        114 words
      • Article
        Lock icon MANILA
        67 22 AFP THE Philippine stock market continued to fall last week due to fears of a new coup attempt by right-wing renegade soldiers and continuing uncertainty over the Gulf crisis. At the larger Manila Stock Exchange, the composite in-, dex fell 138.31 points or 16.6 per cent to 696.76. At
        AFP  -  67 words
    • Article, Illustration
      Lock icon HSI down 6.6 pc for the week
      766 22 HONGKON< DBS Securities SHARE PRICES fell sharply on the Hongkong stock market last week, spurred mainly by a drop in US and Tokyo bourses due to tension in the Gulf. The Hang Seng Index ended the week at 2,918.01, a 6.6 per cent
      DBS Securities  -  766 words
  • Page 22 Advertisements
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      1184 22 r fSZ SECURITY PACIFIC CORPORATION AND SUBSIDIARIES (PRINCIPAL SUBSIDIARY: SECURITY PACIFIC NATIONAL BANK 21 Collyer Quay #09-00, Singapore 0104) CONSOLIDATED BALANCE SHEET COOSOUOATID STATEMENTS Of EAMM6S VMr 31. dollars in millions I** 1988 dollars in millions, except per share amounts 1900 1986 Br— 6133 Cash and due trom banks 9.052
      1,184 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon NST index down 12.7 pc in nervous market
      3865 23 MBT IT WAS a harrowing week for the Kuala Lumpur stock market last week as investors turned nervous and unloaded positions, driving prices to their lowest levels in the year amid rising tension in the Gulf. A dealer noted that losses would
      MBT  -  3,865 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      148 23 tsip* I P.T. BANK BUANA INDONESIA I U5530,000,000 I REVOLVING CREDIT FACILITY I Arranged by I A THE MITSUBISHI BANK LIMITED /£J\ I TAT LEE BANK LIMITED I Participating Banks I Tranche A I The Mitsubishi Bank, Limited, Singapore Branch I The Mitsubishi Trust Banking Corporation I The Fuji Bank,
      148 words
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  • WORLD STOCK MARKETS
    • Shares rebound on Wall Street
      • Article, Illustration
        NEW YORK
        823 24 STOCK PRICES rallied sharply on Wall Street on Friday in what analysts said was a technical rebound from the qoarket's free-fall slide of the past several weeks. The Dow Jones average of 30 industrials, which had fallen 173.02 points over the three previous sessions, climbed 49.50 points to
        823 words
      • Article, Illustration
        LONDON
        813 24 SHARE PRICES on London's stock exchange closed higher on Friday for the first time in seven trading days, following recoveries in the US and Tokyo stock markets. After reaching an intraday high in early afternoon trading, the London market slowed and then began to ittreat "The market wanted to
        813 words
      • Article
        AMSTERDAM
        290 24 DUTCH SHARES bounced back on Friday from recent falls, but Nedlloyd fell over ten per cent reacting to even worse-than-expected first half 1990 results after the bourse closed on Thursday, dealers said. The CBS trend index added 1.0, over one per cent, to 98.7 with short covering much in
        290 words
      • Article
        BRUSSELS
        265 24 BELGIAN shares rebounded from Thursday's lows, with the main forward market index rising 3.S per cent to 5,331.08 at the close on Friday. But traders were not betting the recovery would continue. "We will have plenty more scary days in the coming weeks," one trader predicted. Bargain hunters and
        265 words
      • Article
        FRANKFURT
        440 24 GERMAN shares ended an average 2.6 per cent higher on Friday as a degree of calm returned to the market after the sometimes frenzied activity of the last few weeks. Dealers said the market seemed to have found some sort of base level for the moment, but said it
        440 words
      • Article
        MILAN
        230 24 ITALIAN share prices brushed aside gains seen elsewhere in Europe to close over one per cent lower on Friday on the MIB index, but brokers said turnover was light. Some brokers said operators were hesitant to move until a final decision was taken in the case of Lombardfin, the
        230 words
      • Article
        JOHANNESBURG
        443 24 THE Johannesburg stock market ended a confused and nervous Friday session above its day's lows, but remained very weak under persistent selling pressure and minimal buying interest. Dealers said some speculative bargain hunting at the lows ahead of the weekend prompted a slight rally in the afternoon. Confidence was
        443 words
      • Article
        ZURICH
        377 24 SWISS shares closed markedly higher on Friday in lively trading led by blue chips, with some shares almost 10 per cent higher. Dealers were surprised by the day's firm trend and most expected it to continue this week. "If we get through the weekend without a military conflict in
        377 words
      • Article
        Untitled
        302 24 Aug 24 Ooae Prcriow NEW YORK Dow Jones 2,532.92 2483.42 +49.50 NYSE Financial 120.35 119.11 +1.24 SAP 500 311.31 307.06 +4.43 Turnover (million) 199.04 250.44 -51.4 LONDON Financial Times 30 1,616.1 1604.20 +12.6 FTSE 100 2,086.4 2075.00 +11.4 Turnover (million) 347.7 492.6 -144.9 AMSTERDAM CBS General NA 176.20 I Stock
        302 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article, Illustration
      US$ weakens sharply against high yield currencies
      236 25 FOREX MARKET REPORTS THE US dollar fell against major currencies but suffered its biggest losses against high yield currencies of Britain, Canada t Australia and Switzerland. The session was choppy as uncertainty over Middle East developments made players edgy. "The trend has been
      236 words
    • Article
      Lock icon Most Asian currencies rise against US$
      708 25 ASIAN CURRENCIES AFP THE US dollar continued to take a battering in Asia during the week, with most regional currencies riding the Gulf crisis to score substantial gains. The Australian unit reached an 18month high and the New Zealand dollar a year's high, while
      AFP  -  708 words
    • Article
      INTERBANK FOREX RATES
      389 25 Cross rites *0,2? US$ S$ MS Dm Yen SFr AS NZS USS 1.7780 2.6965 1.5575 146.50 0.5148 1.2694 1.2019 1.5936 SS 0.5624 1.5166 0.8760 0.8240 0.2895 0.7139 0.6760 0.8963 MS 0.3709 65.94 0.5776 0.5433 0.1909 0.4708 0.4457 0.5910 Dm 0.6421 1.1416 1.7313 94.06 0.3305 0.8150 0.7717 1.0232
      389 words
    • Article
      MONEY MARKET
      550 25 Interbank rates s$ Bid Offer Overnight 6 13/16 6 15/16 1-month 6 3/4 6 7/8 2-month 6 13/16 6 15/16 3-month 6 13/16 6 15/16 Overnight mode: 6-5/8 US$ High Low 7 days 8 1/8 8 1 month 8 3/16 8 1/16 2 months 8 1/4 8 1/8
      550 words
    • Article
      Bangkok's forex easing likely to be delayed
      279 25 MORE Thai foreign exchange relaxation measures, scheduled to be announced next month, are likely to face delay, a senior Thai central bank official said. Chaiyawat Wibulsavadi, an assistant Bank of Thailand governor, said the measures are unlikely to be approved by the Cabinet
      279 words
    • Article
      Lock icon Prague wants stabilisation fund to back currency convertibility
      560 25 Reuter CZECHOSLOVAKIA is seeking a stabilisation fund from the international community to back its move to currency convertibility for foreign trade from January next year, State Bank President Josef Tosovsky said. Mr Tosovsky declined to say how much Czechoslovakia is seeking to
      Reuter  -  560 words
    • Article
      Lock icon Loco-London gold still well supported
      456 25 GOLD FINANCIAL FUTURES REPORT Sin Huat Bullion LOCO-LONDON gold remained generally well supported last week except for a sharp plunge on Tuesday when prices fell from an afternoon high of U*****.40/U*****.90 to the week's low of US$4Ol.OO/ U*****.00 in New York that night. The bargain
      Sin Huat Bullion  -  456 words
    • Article
      FINANCIAL FUTURES
      297 25 COMEX Aug 24 SOU) FUTUKES (100 oz) US>/oz Open High Low Settle Change Aug 412.00 415.50 412.00 415.00 3.00 Sep ***** 411 00 411 00 415.70 2.80 Oct 414 30 418.70 412 00 418.10 2.80 Dec 425.00 423.50 416.70 423.20 2.90 Feb 424.80 428.00 423.00 427.60 +2.90 Apr
      297 words
    • Article
      PRIME LENDING RATES
      502 25 BANKS 1 ABN Bank 8ft Allied Irish Bank PLC 8 V. American Express Bank 8V1 Am'Dam R'terdam Bank 8% Arab Banking Corp ...8.625 Arab Bank Ltd 7ft Ana Commercial Bank 7ft ANZ Banking Group 8% Ban Hin Lee Bank 8 Banca Commcrciate 8ft Banco do Brasil 8V.
      502 words
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  • COMMODITIES
    • Article
      Rubber prices at highest since last November
      291 26 NATURAL RUBBER prices climbed sharply last week to the highest levels since last November, with the rise primarily fuelled by the Middle East crisis. "We are going to remain with a very volatile market and we could well see higher prices in the
      291 words
    • Article
      Lock icon Traders see lOpc rise in tin price
      242 26 Bernama NEW YORK traders are predicting a 10 per cent rise in the price of tin by the end of the year although the metal has hardly felt any any impact from the Gulf crisis unlike metals like gold and silver. A New
      Bernama  -  242 words
    • Article
      Lock icon Soviets discover oil, gas fields in Barents Sea
      292 26 Reuter THE Soviet Union has confirmed that it had found two oil fields and the world's biggest offshore gas field in the Barents Sea. Last year, the Soviet Union sent Norwegian authorities a map of the militarily strategic sea showing large gas
      Reuter  -  292 words
    • Article
      Lock icon Fear of war sends Brent prices to 5-year high
      897 26 REPORTS AFP INCREASED fears of war in the Gulf sent Brent spot prices to their highest level in five years over the past week, while other commodity markets were influenced by a tumbling dollar. Brent North Sea crude prices topped the
      AFP  -  897 words
  • Article
    PRICES
    1118 26 Rubber MS (t>> In halt) S cents/kg Int I RSS Close Aug 20 161.00 Aug 21 162.00 Aug 22 163.00 Aug 23 166.25 Aug 24 168.50 MKCLB h bill) M cents/kg Int 1 RSS Close Aug 20 238.00 Aug 21 240.50 Aug 22 242.00 Aug 23 245.50 Aug 24
    1,118 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      1052 27 «y F*fN ETA n*t mm MM* QF81 1900 SQ225 2215 SQ228 1915 in RJ182 1445 RJ183 2320 AawtefttaM KL841 1055 GA892 0110 SQ23 1200 QF005 2230 Aaddaad TE25 1800 TE26 1920 SQ388 2025 Baatfar Sari BJ421 1105 SQ182 0915 Bagwaa SQ181 1410 BJ422 1205 B1429 2030
      1,052 words
    • Article, Illustration
      French villas fit for family reunions
      818 27  -  LETTER FROM PEGOMAS By Youssef Ibrahim ITS 1 lam in the south of France and the sun is climbing high and hot in a blue sky. The pool's turquoise water sparkles in a corner of a vast garden. Sitting under the shade of a
      818 words
    • Article
      MONEY CHANGER RATES
      152 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4800 1.5000 Canadian dollar 1.5620 1.5820 NZ dollar 1.100 1.1500 Sterling pound 3.450 3.4800 US dollar 1.7720 1.7820 Local dollars to 100 units of foreign cwrticy Austrian schilling 16.00 17.00
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      64 27 Duration Title Venue OcpMMf Td Duration Tide Venue Q'l |nl,ef X?! Aug 27 Taxation of Oil India Asuw Pacific Tax *****40 Sep 10-16 International Spun Foot 3/423 3 1-01 A Investment TV Sou J Barcekme Activities In India Research Centre Etotuumcs Sep 7-17 International Swuzerland Sdmeuer Muster
      64 words
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      20 27 1 V g s -w- Hit. (HI. Ia )S R3N W2BSSPA I'> i ii <>! I-'!;! M: A! I: Air Canada
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      Page 27 Advertisements Column 2
      567 27 I t|k BANQUE INTERNATIONALE A LUXEMBOURG I{l 111 Societe anonyme Head Office: 2, boulevard Royal, L-2953 Luxembourg. Singapore Branch: The Octagon 105 Cecil Street, #1(M)1/04, Singapore 0106. Balance Sheet Profit and Loss Account As at December 31, 1989 For the year ended December 31, 1989 1999 1968 19M 1968 mtWon
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  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      210 27 19 Workers down under drives madly (4-3,6) should cope with their 26 A devoted person presses '—J 1 1 1 1 1 it anew (9) pretty French accent (5) and lying (5) 27 All turn to mother as a 7 He should be following the 24 Is the French word
      210 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      202 27 Singapore Outlook: Fair Report: Max Icmp. 32.5"C Assoc humidity 53% Min temp. 25.8"C Assoc humidity 90% Hrs of sunshine 10.95 Rainfall in mm nil Rainfall this mth 125.3 Rainy days this mth 9 World report Asia-Pacific Hi/Lo* Cond. Auckland 16/10 Showers Bangkok 35/27 Showers Beijing 34/23 Cloudy Brunei 34/25 Fair
      202 words
    • Miscellaneous
      Page 27 Miscellaneous Column 3
      28 27 Supper Vrr) f«r»ng> on Give we Brc*c rny\ "TUpiT CUP OF Tfcft ftu CSUND«S \JH "VRFvy OID Pi Pou>£R I or GOCO e EVCNMQ STANDARD CO. LTD. IHJ-IWO
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  • Article, Illustration
    Club Corp to double its facilities in Asia
    515 28  -  By William Chia THE CLUB Corporation of Asia (CCA), which is part of the world's largest private club operator group, aims to tap the region's booming leisure industry by doubling its club facilities in Asia. Singapore-based regional manager Kenneth Creighton told BT
    515 words
  • Article
    Lock icon Singers9 cooperation needed to carry out copyright enforcement: M'sian ministry
    614 28 Singers 9 cooperation needed to carry out copyright enforcement: M'sian ministry Bernama SINGERS have complained of poor enforcement of the Malaysian Copyright Act to check piracy of tapes but enforcement officials disagree, saying better cooperation from the aggrieved parties can make their work more effective. The enforcement division of the
    Bernama  -  614 words
  • Article
    Lock icon Westpac against new cut in interest rates
    198 28 AFP THE CHAIRMAN of Australia's biggest bank said yesterday that a new cut in interest rates could hurt the country by stimulating inflationary demand. Sir Eric Neal, chairman of Westpac Banking Corp, told a television interviewer: "I don't know that we can afford
    AFP  -  198 words
  • Article
    Lock icon HK Bank's interim profit expected to rise llpc
    249 28 Reuter HONGKONG and Shanghai Banking Corp Ltd's healthy domestic business can carry sickly overseas operations for now, analysts say. But the bank's troubled foreign units show no sign of quick recovery, they said yesterday. Analysts forecast an 11-13 per cent rise in
    Reuter  -  249 words
  • Article
    Lock icon China to seek foreign help for oil industry
    374 28 AP CHINA plans to energetically recruit foreign help in developing its offshore oil resources over the next decade, an official report said yesterday. To achieve that aim, the China National Offshore Oil Corporation (CNOOC) planned to improve conditions for foreign investors whose
    AP  -  374 words
  • Article
    Lock icon Pertamina prepared to sell oil to Manila, says Aquino
    293 28 AFP PHILIPPINE President Corazon Aquino yesterday said that Pertamina of Indonesia was "ready" to sell 300,000 barrels of crude oil to Manila to help it cope with the oil embargo on Iraq and Kuwait. "This represents half of our original request"
    AFP  -  293 words
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      457 28 PiageT JOAILUER EN HORLOGERIE DEPUISIX74 GENEVE SINGAPORE J INSTITUTE OF MANAGEMENT (1) Developing Teem Leederehip Skills October 1*2,1990 Fee: SS3BO SIM members/Ss46o non-members This workshop will provide work group leaders with the collaborative skills in increasing team effectiveness. Upon completion of this workshop, participants will be better equipped to: identify
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      68 28 PiageT /IAILUER EN HORIXX/ERIE DEPUISIB74 GENEVE The Richness Of Leather Handmade To Perfection 1 M B J f HMMpiir I j| 1 I fcy- "-rf ii WfRW^^^BWfPF Br WRHPWF'' fct, jlSk L H made in Italy Sole Agent Shriro (Singapore) Pte Ltd. Authorised Dealers Daimaru Singapore Euro Shoe Shop and
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  • Shipping Times
    • Article, Illustration
      CWT, PSA may provide services for Batam park
      409 29  -  By Suzanne Soh CWT Distribution, Singapore's largest private warehouse operator, and the Port Authority of Singapore (PSA) may be roped in by Batam Industrial Park (BIP) to provide transport and storage services for BIP tenants. Neptune Orient Lines (NOL), a CWT shareholder,
      409 words
    • Article
      Wan Hai to impose bunker surcharges
      331 29  -  By Selva Kumar WAN HAI has joined the fray to impose bunker surcharges, as the shipping industry continues to suffer stiff hikes in crude oil and bunker prices. The East Asian carrier said that from Sep 1, it will impose a surcharge of US$3O
      331 words
    • Article
      US and Thailand to resume air talks
      141 29 THE United States wants to reopen negotiations on its bilateral air service agreement with Thailand in September. Both sides have already held two rounds of negotiations in Washington and Bangkok to try to reach a new agreement, but to no avail. This has
      141 words
    • Article
      Lock icon Cost-cutting expected to boost APC profits next year
      243 29 Reuter AMERICAN President Company's (APC) cost-cutting measures may improve profitability as early as 1991, analysts said. "It could lead them back to stronger profits in 1991," said analyst Luella White Price of Donaldson Lufkin and Jenrette. "Do not expect anything this year."
      Reuter  -  243 words
    • Article
      Charoen Pokphand in truck tie-up
      188 29 THE CHAROEN Pokphand group has joined a Chinese company to produce in Thailand heavy-duty 10-wheel trucks and parts for local and export sales. Although no details have been made available about the project, the cost of establishing an assembly plant and installing production lines runs
      188 words
    • Article
      Permanent Fasa secretariat in S'pore?
      281 29  -  By Selva Kumar SINGAPORE may become the venue for a permanent secretariat for the Federation of the Asean Shipowners' Association (Fasa). Ariffin Alias, the chairman of Fasa, revealed this proposal in his address at the fifth anniversary dinner of the Singapore National Shipowners' Association (SNSA)
      281 words
    • Article
      Bank of China may pull out of Kwai Chung project
      332 29 THE BANK of China (BOQ is having second thoughts about financing the fifth phase of what is to be Hongkong's multi-billion-dollar showcase container freight station in Kwai Chung. An industry source told the South China Morning Post that Security Pacific
      332 words
    • NEWS SUMMARY
      • Article
        Flying colours for cargo
        52 29 IN ITS 20-year history, Korean Air's passenger volume jumped by 28 times while cargo soared almost 200-fold. The airline's high regard for cargo can be traced to its probAßns in the passenger sector and the fact that Korean Air is part of the Hanjin Transportation group
        52 words
      • Article
        Sabena-BA venture ideal for EC travel
        49 29 BELGIAN national airline Sabena said its Sabena World Airlines (SWA) venture with British Airways pic and KLM would encourage air travel between less well-served regions in the EC and warned these would lose out if the EC Commission rejected the plan Back Page
        49 words
      • Article
        Nedlloyd will not pay dividend
        21 29 DUTCH transport and shipping firm NedUoyd will not pay an interim dividend this year Back Pace
        21 words
      • Article
        New wing design to reduce drag
        38 29 TESTS show that airlines could save hundreds of millions of dollars in fuel costs with a new wing design that reduces drag from air flowing over a passenger jetliner's wings. Back Page
        38 words
      • Article
        Brazilian firm plans US$ 72m investment
        25 29 BRAZIL'S third biggest orange juice exporter, Coopercitrus Industrial Frutesp, is investing US$72 million in an expansion programme. Back Page
        25 words
    • LOG BOOK
      • Article
        DSR near to getting loan of 430 m marks
        90 30 EAST GERMAN shipping company Deutsche Seereederei Rostock (DSR) is close to signing a deal to receive a loan of up to 430 million marks from the West German Reconstruction Loan Corp, Kreditanstalt fuer Wiederaufbau, KfW, West German banking sources said. A
        90 words
      • Article
        Seven British Airways planes grounded
        100 30 BRITISH AIRWAYS pic grounded its fleet of seven Boeing Co 767-300 series aircraft after cracks were found in the pylons connecting the engines to the wing, a spokesman for the airline said last week. The first crack was discovered on one of the aircraft during
        100 words
      • Article
        Canadian Air gets US$ 300m credit
        63 30 CANADIAN Airlines has signed a US$3OO million credit facility provided by a syndicate of domestic and international banks. Co-lead banks are Citibank Canada, a unit of Citicorp of the US, and Mitsui Taiyo Kobe Bank (London). The facility will be used to pay for
        63 words
      • Article
        Burlington Northern raises freight rates
        62 30 BURLINGTON NORTHERN Railroad Inc will raise its joint-line freight rates by about 4 per cent. It did not say when the new rates will go into effect. The company said the rise is in concurrence with requests from connecting rail carriers, and that it could
        62 words
    • Article, Illustration
      Lock icon Flying colours for cargo
      1048 30 In its 20-year history, Korean Air's passenger volume jumped by 28 times while cargo volume soared almost 200-fold Payload Asia A CHARACTERISTIC of Asian airlines is their appreciation of cargo as a product in its own right. Six of them Japan Airlines, All Nippon Airways, China
      Payload Asia  -  1,048 words
    • Article
      COCKETT BUNKER MARKET REPORT
      857 30 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      857 words
    • Article
      THE SHIPPING GUIDE
      12643 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,643 words
    • Article
      DAILY FREIGHTS
      988 45 CHARTERING on the dry cargo freight market remained quiet on Thursday but details emerged of the key US Gulf to Japan grain route booked at U5521.25 compared with U5521.50 and U5521.25 last paid, brokers said. Talk was also circulating the market that one grain house had secured two
      988 words
    • Article
      AT CONVENTIONAL WHARVES
      448 45 fcMd iff Hi 9*+ kM Dgurtun Kiood wharves Ml Dm 01 4/90 H30 alongside 26.08/1200 Bmnsta 8 1132 atal P rt 26.08/1500 Kuta 20WB K18 along** 2908/0600 Tnfcnt Emar 0C 142 K29 alongside 27.08/2300 VWi Ira 2/90 K34 alongside 26.08/1800 8adi 0m 10 2/90 K30 26.08/1500 27.08/0600
      448 words
    • Article
      CONTAINER SCHEDULE
      1095 45 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Record Boakfof/Babnct Mb Shp Voy No Parlod From To From P of ObdU Space to Lotus 3A 2 26/1700 27/0659 27/0900 4 27/1200 27/1459 27/1700 ifciue 33W 1 26/1500 26/1659 26/1900 -JT 1 205 3 27/0700 27/1159 27/1400 4 27/1200
      1,095 words
    • Article
      IN MALAYSIAN PORTS
      319 45 Nrt King South Port on Aug 24: AJam Tabah berth 3; Hong Soon 1 berth 4; Smar Intan berth 6; Mutia Hayu berth 7; Seng •Leonj berth 7A. XKCT: Anro Melbourne berth 8; Saudi Tabuk berth 9; Acx Rose berth 10; Maersk Farco berth 10. *fhdh Port
      319 words
    • Article
      Lock icon Sabena-BA joint venture ideal for EC air travel
      278 46 Reuter BELGIAN national airline Sabena said its Sabena World Airlines (SWA) venture with British Airways pic and KLM would encourage air travel between less well-served regions in the EC and warned these would lose out if the EC Commission rejected the plan.
      Reuter  -  278 words
    • Article
      Lock icon New wing design can cut airline fuel costs, says Nasa
      202 46 AP TESTS show that airlines could save hundreds of millions of dollars in fuel costs with a new wing design that reduces drag from air flowing over a passenger jetliner's wings, Nasa said. A joint government-indus-try flight test programme produced
      AP  -  202 words
    • Article
      Lock icon Brazilian firm to invest US$ 72m in new terminals, ship
      192 46 Reuter BRAZIL'S third biggest orange juice exporter, Coopercitrus Industrial Frutesp, is investing US$72 million in an expansion programme including new port terminals and buying a ship. It said the money would be used to build port terminals in Brazil, Europe
      Reuter  -  192 words
    • Article
      Lock icon Current events force Nedlloyd to cancel dividend
      170 46 Reuter DUTCH transport and shipping firm Nedlloyd will not pay an interim dividend this year. In 1989 it paid an interim dividend of 1.50 guilders per share. Nedlloyd chairman Henk Rootliep said uncertainties over the political situation in the Middle East, oil prices
      Reuter  -  170 words
    • Article
      Risks far outweigh gains in busting UN sanctions^
      491 46  -  WATER By Ian Lancaster The writer p managing director of Citicorp Insurance Brokers While marine insurers reacted quickly to the Middle East crisis by increasing hull and cargo premiums for vessels trading in the Persian Gulf, they now have to grapple with
      491 words
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      106 29 «SHIP LASH INO MATERIALS SPECIALIST UINTHMIIK MPfIY Ct (PTE) 111 T«fc MWMS MMI fte MMXO nSMSM raxMCMT FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS m Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business
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      Page 29 Advertisements Column 2
      27 29 Codatt ftoport 2 Contana SdaMt 17 Myfta** 17 Ma to Advvtavs 3 Stoppai Gate 10.11 3* a Port 17 Simon Tita 17 VMtar a* Sm Contexts 17
      27 words
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      411 30 _NonCE^ STRAITS/AUSTRALIA CONFERENCE NOTICE TO SHIPPERS In view of the current situation in Iraq and Kuwait, resulting in the increase in bunker costs, Members of the Straits/Australia Conference (SAC) hereby advised that a bunker surcharge will be applied effective 1 September 1990 as follows For LCL Cargo US$7 per Revenue
      411 words
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      Page 30 Advertisements Column 2
      98 30 Harrap's IHastratad Hbtary Of Tha 20th Cartwy Row*, b a richly MM account or the conficts between ideotogKS and nations that haw made our century tha most violent in history. I POWER I It indudoe: The major poitical confficts of tha century from tha European empires to the modem superpower*.
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      1906 31 JAROINE SHlPflNc7S33^^^^^^^^^ 200 Cantonment Rood #12 05 Southpomt, Singapore 0208 VWflr Til *****11 TELEX NO RS ***** V^K| BVIIIIIII TERMINAL/CFS Tel *****18 220 IT Bflflflfl BOOKINGS Tel *****34 235 L VWV J PESAKA JAROINE SHIPPING AGENCIES SOW. BHD PORT KELANG TEL *****18 TELDI NO">jOT/8M»0l PENANG TEL *****4 TELEX NO MA*****
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      Page 31 Advertisements Column 2
      1191 31 INDEX TjUDVgmSERS Page Col P««e Col ABC Containerline 13 5 Mutiara Samudra 18 I Accord Shpe 8 1-3 Myanma Adkris Business 16 3 MyanmarCont 13 4 Albatros Sea-Air 14 S Alfred C Toepfcr 15 5 Nan-Shin Shpg 18 4/5 Ahrenkid Liner 16 4 oNantaiLine 6 1 APC Line 14 4
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      Page 31 Advertisements Column 3
      2165 31 VHMI Voy ETA ETD 'Port 'P»nang K*iang DESTINATIONS I Thu M4I MaiMIK M 9004 CtaMig Tim* J" a Tit 0400 MRS M Fareo a CFS -17* ns» MRS M Taure OAK LOB HOC! MEM ATL MIA CMS BAL PML KYC MOM TO* S" IS/ 20/9 21/9 24* 2M 211% 1m
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      1025 32 r»gP 1 "I ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP IE HAVRE MONTE ROSA 09/502 30/8 24/9 10/9 2°/« 17/9 23/0 HONG KONG EXPRESS 96/506 2/9 19/0 ,7-, *vo LIVERPOOL BAY 01/505 8/9 1/10 25/9 27/9 24/9 30/9 TOLAGA BAY 11/509 9/9 26/9 26/9 1/10 KASUGA
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      474 32 PIRfCT SPW PACIFIC |E y HVIP^ T sa .0 uscu.«. t NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP I SLA FLOREANA 29/S 4/10 5/10 9/10 Alm accafting Cargo to Call*) (Rem) via Yalpa Ag SINGAPORE: *****96 VS. JAYA: 03-*****25 A NORTHBOUNO TO UKC (S'PORE I RDM/A DAM HBG HULL(U
      474 words
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      1056 32 Ml ma fin mriS" REGULAR INDEPENDENT FULL CONTAMER SERVICE W6STb6UN6 P6h VSL/VOY SIN AIC BCL FEL ROT ANT HAM ME LMA (VIA (VIA MA ALG) ROT) HAII) NORASIA PEARL 9027-3 01/09 22/09 24/09 27/08 29/08 02 10 01/10 0310 04/ M N. PRINCESS 9027-3 07/09 28/09 30/09 03 10 05,10
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      1714 33 r mm m L —jgSteamers Maritime Holdings Ltd i T STRAITS SHIPPINGI Containers fcjjSg'JS" 1^ HB>illwißllJHjiiJißiMliMi!ilallßlMillillilM r > ACCEPTS out SAILS Voj No P Klang Sport S'ton H'bwg flavor <?don Led CARGO LONDON EXPRESS 13/503 LAN 22AV 27« IMB IMS 17jW MM.I LA PEROUSE <H/S4B 27K8 IMB 16,09 llffl RAJAH
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      Page 33 Advertisements Column 2
      1584 33 TO: EUROPE TQ: FAR EAST SP LM ROM HAH B'HVN FIX SPORE HK KAO KOB BU HANJIN HAMBURG 002W 2M 15/9 10/9 17/9 lift 20/1 HANJIN LEHARVE OOOE 2M lift Ift Aft 7ft HANJIN ROTTERDAM 010W Ift lift 10ft 21/9 13ft 24/9 HANJIN FUIXSTOWE 003E ift S/» 7/9 I<V9 13/9
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      Page 33 Advertisements Column 3
      51 33 SBUUM SMPfWC PTE LTD. 2 9 Ton S Eng IMft 101 Cm* St. Sport 0106. Tali *****12, *****13, *****36 T#4,,: *S ***** Fox *****24 WEEKLY/REGULAR SERVICE TO EAST/WEST M'SIA HAMIDAH 3/4 SEPT SIBU, KUCHING SENG HING 27/28 AUG PENANG SENG LEONG 1/2 SEPT PORT KELANG SENG HING 2/3 SEPT KUCHING,
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      339 33 RO-RO SERVICE ETA SPORE 12/9/90 ETA HOCHIMINH 15/9/90 M.V. "ORANGE MOON" Voy 4 t RAMPWAY CAPACITY 50 TONS IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK PL DBN CT j sapanca \nr in rt m itn 22a an •Alw calls E.L. Pi GENERAL AGENTS: HAI SUN HUP CO.
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      605 34 A Joint Europ* Btmet Oft p.T. MMum um m. mtm urn P T. SMNKM MUM P.T. TMMMUOTI CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE VSL/VOY S'PORE R'DAN/ H'BURC BREMEN ANTWERP ADAM KUTAI/3WB IN PORT 23/1 2»/1 2/10 *10 NATARAM/27W8 UM 22/10 2*lo 2S/10 2/11 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAMERISED CARGO Subject
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      975 34 (ft HANJIN SHIPPING j Wy FULL CONTAINER SERVICE FEEDER VSL SIN I LINE HAUL LAX OAK J NANJIN HAMBURG 002W 28/8 IS/9 16/9 19/9 20/9 HANJIN LEKAVRE QUI 21/8 IN. KUNSAN W£ KANJIN ROTTERDAM 010W 1/9 19/9 20/9 21/9 239 24/9 HANJIN FLUXSTOWE OQ3C 3/9 IN. POHANC I©E 21/9 Wf%
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      1183 34 Ml I I I I I 1^ ■fA|Jm I 1 I I k AMI■IJ I 1 J If Jil l lI 1 WH 1 iiyi iTfirl HiiT jvmi *w win ii« a. fKL MP HKG KSC N.C PUS HKT 0» SH TYO LAX CHS BAL NYC LHV ANW ROM FLX
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      1482 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE .*****022 DOCUMENTATION DEPT: *****44/ *****14 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 K.MO3) E *****03? M fpKelan^<Cn) A *****8 7. Penang-(04) *****0, J.Bahru-(07)
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      Page 35 Advertisements Column 2
      1045 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENTSERyiCE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND WSS VOYAGE SH*E MANILA HKOWt VOYAg OTtt HHAM6 MUM I'HAVtW TIUWY ROTT K GAVtIIOV
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      1424 36 m_ t W 4\> W W" m AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: 1244B*****0M) #\7 TEL *****77 TELEX KAWAKIRS23I6S FAX *****79 \M M J Ml IV MALAYSIA HARPER WIRA SDN BHD U TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. INDONES,< M, D
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      1070 36 V*' PHILI-ORIENT LINES PTE LTD I (The Complete NVOCC Package) I r member of SFFA I MONTREAL, OTTAWA, TORONTO, VANCOUVER, S'WESTERN ONTARIO. 29 AUG DUBAI, DAMMAN, KUWAIT, DOHA, wiNNiPtr MUSCAT, BAHRAIN, ABU DHABI, pfpina SEPT SHARJAH, JEDOAH CALGARY, EDMONTON, KELOWNA, m Ai.o ninuDn D^U ort .«.w KAMLOOPS, VERNON, PENTICTON 2}
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      1537 37 PACIFIC INTERNATIONAL LINES (PTE) LTD *gg JrJhP P>L gjjgg, I*o Cecil Street *03-00, Singapore 0106. I JAKARTA I I BANGKOK I VESSEL VOY SIN JKT SIN VESSEL VOV SIN BKK SIN KOTA MELATI 10SB Ult 31/» 3/9 HAI HUI UN 16/6 31» QOWA SSSB 2»l 31/6 PEGASUS PIONEER 66N 26/6
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      Page 37 Advertisements Column 2
      1540 37 MYANMA pBBk FIVE STAR LINE V (Myanmar National Lina) Loading (or Yangon (Rangoon) Sport P.K»l»nf P«n AVA VIO3W 27-a aug HER GUI VIOIW mm StF MYOMAYWA Vl3o* M/ 13 SEP HPA-AN VIS4W 97/19 SEP PATHEIN VIOSW IS/17 SEP THE BANK LINE (A ttrvict o* Andrtw SMpptaf) \W SEMI CONTAINER SCRVICE
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      Page 40 Advertisements Column 1
      813 40 < Jp n g ß L|^sa|iN INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX BRV RDM ANT HBC RST 0. CftOTEWOHL Oft Oft 2*ft ZV> Rft 7»ft EUROPEAN SEN WFO37 tf» 1/10 J/10 Vl# 7/10 *10 H. CEGIELSKI M lift HlO 1/10
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      Page 40 Advertisements Column 2
      1091 40 CBEBSKLu CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 pin cmnouMTmi sawct te FAR EAST PORT 1/9 S 8/9 PENANG 31/8 7/9 BUSAN 2/9 13/9 BANGKOK 30/8 2/9 TOKYO 30/8 6/9 HONG KONG 30/8 7/9 YOKOHAMA 30/8 6/9 KAOHSIUNG 2/9 9/9 KOBE 30/8 6/9 KEELUNG 2/9 9/9 JAKARTA 2/9 9/9 SRI
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      Page 40 Advertisements Column 3
      371 40 LOADING FOR LOADING FOR BUENOS AIRES ttSHL SPORt CM DM OAIRES ■VIDEO RIO ITJ VIT PAGUA H. SAIAN* l/l 1H M 1/10 l/M 13/ M V ***** 2 c isaul ma mm am *u um am lau ■OSTWEENI 17/11 2*ll 4/12 17)12 mi M/ 12 If.TBA DISCHARGING FM BRAZIL ONLY
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      Page 40 Advertisements Column 4
      1338 40 CDMA OCEAN SNIPPING COMPANY 2. MISTRI ROAD, KMC BUILDING Ttt: 225M00 #15-00. siNCAPOREwp 7 FULL CONTAINER LINER SERVICE telex: rs asao coship CR NO: **********0 M 22UKS General Agents: COSTAH MMt PTE LID COST ll fb iuropT promsuropi VESSEL/VOY SCP FLX ROT NAI AWT OKK VESSEL/VOY FIX ROT HAM AWT
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  • Page 41 Advertisements
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      Page 41 Advertisements Column 1
      775 41 NIHON-ASIA I CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA All IPI Destns 1/9, 8/9 EUROPE all Ports 1/9, 8/9 BANGKOK 1/9, 6/9 HONGKONG/CHINA 29/8, 31/8 SYD, MEL, ADEL, BRIS 5/9, 12/9 FREMANTLE 7/9, 14/9 MANILA 31/8, 7/9 PKLG/PENANG 2/9, 7/9 Port Ktiang Branch Tel: *****21/2/3 Fax: *****24
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      Page 41 Advertisements Column 2
      253 41 SB MARINE AGENCIES (S) PTE LTO I St TEL: *****33 (12 Linoa) m PAX: *****15/*****03 ffl TELEX: R3 ***** RISHIP (3 Unas) PjT\ ETHIOPUN SHIPPING LINES 4 (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA ILOAMNQ FOR STORE NETSANET 20WB I*lo DAfIESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA MOQ6IOAH
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      Page 41 Advertisements Column 3
      820 41 tafc-P T. MASKAPAI PELAYARAN LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS. > WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: ******5 BINQAPORC INOONiSIA SERVICI VSL VOY SIN JKT PAJ
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      Page 41 Advertisements Column 4
      954 41 BANGKOK CEBU/MANILA IvtMß. 1 VOY tMMAPOW BAWMK [vßtt |WY 1 rfWtt CPU MAIfrA NANTA BHUM 04N Thar 30/1 Sun 2/9 SO ORIENT W H JENLINK 21N Thur 30/1 Son 2/9 KITI BHUM 7/9 U/» PEJA BHUM# 07N Fri 31/0 Man 3/9 SO ORIENT 37« 14/9 2»/9 22/T MAHA BHUM# 74*
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      Page 42 Advertisements Column 1
      1223 42 rage n MAC-NELS SINGAPORE ftxHi'T TIL mmt I «M«T TEL MIMOTI PENANG TEL: (04) *****6 KK TEL: (088) *****0 TAWAU TEL: (089) *****9 P. KELANG TEL: (03) *****77 KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 J-f\-/\" J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9
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      Page 42 Advertisements Column 2
      513 42 ffSfc BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON. BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL. FIJI AND TAHITI SIN N PLY AUCK LYT PROSPECT 08S 2 Sep 17 Sep Via NPL 19
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      Page 42 Advertisements Column 3
      1145 42 /2SITHONG 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 mm litr I era |ht Mm m Itn in KIM SOON LI 34/90E 1 SEP PENANG JENHOL
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      Page 43 Advertisements Column 1
      685 43 COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCI/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 Sept 05/06 Sept MURRAYEVERETT 16/18 Sept 19/20 Sept KARABIEVERETT 20/21 Sept Wgk "EVERETT ORIENT LINE" JAPAN/BAY OF
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      Page 43 Advertisements Column 2
      573 43 VSL IVOY S'PONE HAINLINER im oat BT n* zm genoa wI vm v» Im* |w» ZM SINGAPORE Et 1/9 ZM HERIA W J* 1 |*}J PVm LEEWARD J? Ufl IM NEWYORK llflj PW JJJJ Wj |VJ ZIM MELBOURNE pOK 15fl ZM NEWYORK I*lo 87/1 I »W W 1(11 ZM YOKOHAMA
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      Page 43 Advertisements Column 3
      622 43 SING KWANG HANGI iiwrna transportation (rrt) ltd WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 29/8 31/8 JENWEL 31/6 I 3/9 VESSEL S PORE BANGKOK A VESSEL 29/8 31/8 A VESSEL 31/8 3/9 DESTINATIONS ETA SINGAPORE PORT KELANG 31 AUG MANILA 4 SEPT HONG KONG. ALL CHINA PORTS 30
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      Page 43 Advertisements Column 4
      494 43 r» PERINTIS LINE 11 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE/PONTIANAK JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PONTIANAK* PELOPOR 956 26/06 29/06 TANTO SEJATI 15 29/06 01/09 PELOPOR 957 01/09 04/09 TANTO SEJATI 17 05/09 06/09 TANTO UTAMA 101 01/09 04/09 TANTO UTAMA 103 06/09 11/09 PRASETIA Pl 3 28/06
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      Page 43 Advertisements Column 5
      426 43 SIN FM EAST 2/9 KEELUN6/KAOHSIUNG 1/9 BANGKOK 1/9 MANILA/CEBU 1/9 JAKARTA/BELAWAN/SURABAYA 31/5 PORT KELANG/PENANG/E. Malaysia 3/9 BUSAN 2/9 TOKYO/YOKO/KOBE/NGO/OSA 3/9 HONG KONG also accepting cargo to Huangpu/Shenzhen/Fuzhou/ Xiamen/Xingang/Shanghai SIN EBMPt/W 1/9 LDN/FLX/LVP/SOU 1/9 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. SIN BSA/CAMAM 1/9 LOS ANGELES/NEW YORK all IPI points
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      Page 44 Advertisements Column 1
      409 44 M.W CB SHIPPING I] MARINE SERVICES NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTAINER/LCL/BREANBULK SERVICE "ANKE" SERVICE SPE LAE MISIMA POM. T'VILLE V.1758 21/9 1/10 3/10 6/10 6/10 BBOKM6S ACCEPTED FOR EAST KALIMATAN AN mMt art PLATOU PACIFIC "~"1 A SHIPPING SERVICES *L- REGULAR FAR EAST N. AMERICA BREAKBULK I SERVICE OWNERS'
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      Page 44 Advertisements Column 2
      761 44 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE N.C V.14-90W In Port 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 44 Advertisements Column 3
      413 44 > **fy ,J-*~V} 7RAA&-L/A/K. OH PENANG KL: ALLICD-link SINGAPORE: /fT^N* Smr 04-*****2 03-*****55 7TBM22(sjunesiOTS Marina Oi»9 Susan Ng/Chrtattna Chlaw Dotty Mlrpuri/Esthar Yap I 1 cwvamoiiAt satviCß FROM SOUTH EAST ASIA/ FAR EAST TO USG/BRAZIL/ARGENTINA MV NORTWEEN NOVA MV SUNDERLAND ENDEAVOUR TAWAU ETA 25/8 ETA SPORE 31/8 THEN KOTA KINABALU FROM
      413 words
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      Page 44 Advertisements Column 4
      369 44 ii i j jjljj.i. jij.mj.nu j FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC IiNB VIGOUR PACIFIC IMB 13/9 I BANGKOK 2/9 9/9 BUSAN 5/9 19-S HONGKONG 23 8 2S DURBAN 7/9 19/9 KEELUNG 2/9 9/9 PT. LOUIS 7/9 19/9 PT. KELANG 31/8 7/9 KOBE 3/9 10/9 PIRAEUS 4/9 12/9 OSAKA 4/9
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      418 45 TIDES AND WEATHER TODAY'S TIDES (hetgnt in metres) HONOONOIMO2NO3NO4NOSNOSNO7NOINOSNIONIINI2NI3NHNISNI6NI7NIINISN2IN2IN22N23N ft 14 IS 27 27 27 IS 1.4 1.1 0.8 OJ 0.8 17 1.7 27 2.6 2.6 2.5 27 1.7 17 0.8 0.7 OJ OJ. Pf 14 18 27 27 27 18 15 17 0.8 08 08 17 1.7 27 23
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      Page 46 Advertisements Column 1
      415 46 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL 49r 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 INDONESIA
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      Page 46 Advertisements Column 2
      689 46 MERCHANT MAWNE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKC SIN HYUNDAI CHALLENGER 3CE nj» «fM 24JM 27/ M HYUNOAI COMMANDER M 2£7 2MJ7 2£7 IMB HYUNDAI INNOVATOR 3SE OMB 13/W 01/10 3/11 06/10
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      Page 46 Advertisements Column 3
      436 46 CHARTPOINTI; Every Saturday in Business Times VSL ETA IDG FOR TOPAZ V.l/ 90 26/8 BANGKOK CICELIA V.4/90 30/8 YANGON TEL: *****83 FAX: *****36 TLX: ***** JNMARI a T fTil Ml UK/CONTINENT (TRIO) is™ 101 dm. ft...- r lomxm ama an u/i up jig K«5» i s s K=r -?sr~—•—-— mnjiH
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