The Business Times, 28 August 1990

Total Pages: 70
1 70 The Business Times
  • 10 1 Business Times MCI (P) 170/12/89 Tuesday August 28 1990 75*
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  • NEWS SUMMARY
    • 88 1 OPEC yesterday debated a draft declaration which would sanction oil production increases to ease gaps in world supply arising from the Gulf crisis. On the third day of informal talks in Vienna, the Organisation of Petroleum Exporting Countries sought to close a divide
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    • 50 1 PALESTINE Liberation Organisation chairman Yasser Arafat yesterday proposed that an Arab peacekeeping force be deployed in Kuwait for six months to replace Iraqi troops while elections are held. Mr Arafat made his proposals in meetings with senior Iraqi officials, according to sources close to the talks.
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    • 34 1 A PARTNERSHIP between three Sindhi business concerns which recently bought Asia Radio Building for $23m will be spending more money to turn the Bencoolen Street property into a hotel Page 2
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    • 25 1 VIETNAM has proposed that Thailand should broaden fishery joint ventures to cover seafood processing instead of merely seeking fishing concessions Page 8
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    • 29 1 NEW orders for Americanmade machine tools dropped by 11.9 pc in July, according to a monthly report by the Association for Manufacturing Technology Page 9
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    • 32 1 WHEN people in the theatre or the music business talk about Irving Berlin, the words most often heard are likely to be recluse, temperamental and, of course, genius Page 15
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    • 30 1 HONGKONG company Tai Chong Cheang Steamship, which is onthe prowl for property investments in Singapore, may shift its entire shipping operations here by 1993 Shipping Times Page 1
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  • MARKETS SUMMARY
    • 46 1 WALL STREET stock prices staged a strong rally yesterday as hopes increased for an orderly resolution of the showdown in the Middle East. The Dow Jones average of 30 industrials shot up 78.71 points to 2,611.63 in the first hour of trading.
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    • 26 1 SHAREHOLDERS of Singapore Land can expect higher dividends despite a proposed bonus issue that will substantially enlarge the company's capital base Page 3
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    • 28 1 POLYTEK Wearnes Holdings has agreed to acquire Polytek Engineering International Ltd, a wholly-owned subsidiary of Polytek Engineering Company Ltd, for a maximum HKs9B.4m Page 3
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    • 29 1 CENTREPOINT Properties achieved a five-year best with a 68pc jump in after-tax group profit to 14.45 m for the year ended June 30, 1990. Page 3
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    • 39 1 THE economic fallout from the prospect of an oil war in the Mideast Gulf is beginning to cause concern over British insurance companies, not least over the likelihood of continued growth in dividend payouts Page 3
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    • 21 1 Exchange rates US$ S$l.7735 Yen S$ 1.2261 MS SS0.6579 Money market rates Overnight 6 1/2 5/16 3-montn 6 13/16% unch
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    • 35 1 London Gold PM fix Closed Rubber S'pore Sep.... l63.50Vkg -5.00 M'sia Sep M245.50«/kg -2.50 KL Tin Turnover 76 tonnes +10 Spot M$l5.65/kg -0.05 Crude palm OH Turnover 682 lots -97 Sept MS686 /tonne +11
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    • Article, Illustration
      28 1 Monday Change BT-MGA 622.40 +22.02 Kuala Lumpur ....521.46 +31.81 Hongkong Closed Tokyo 25,141.76 +976.00 Sydney 1477.3 +10.4 Friday Change New York 2,532.92 +49.5 London 2,086.4 +11.4
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  • 201 1 THE REMAINING three oil companies Mobil, British Petroleum (BP), and Singapore Petroleum Company (SPC) have joined Shell, Esso and Caltex in raising their wholesale prices for petroleum products. The move will hasten a probable 20 cents per litre increase soon in petrol pump prices.
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  • 494 1  -  The Gulf Crisis By John Tan AIRFARES, which have been holding steady for the 27 days since the Iraqi invasion, will go up this Saturday, sources say. They say Singapore Airlines has decided to increase its excursion (discount) fares by 7 to
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  • 350 1 Agencies DESPITE two pcace initiatives one by Perez de Cuellar, the United Nations secretary-general, and the other by President Hussein of Jordan undertaken over the weekend, President Hosni Mubarak of Egypt has said that he would not rule out the use of
    Agencies  -  350 words
  • 219 1 STOCKMARKETS in Asia rallied yesterday on hopes of a peaceful settlement of the Gulf crisis. This followed news that United Nations Secretary General Javier Perez de Cuellar will meet Iraqi Foreign Minister Tareq Aziz on Thursday to find a diplomatic solution to the crisis. In
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  • 345 1  -  By Selva Kumar THREE AIRLINES Cargolux, UTA and Lufthansa have imposed war risk surcharges to cover higher insurance premiums for cargo destined for the Middle East. Other carriers, including Singapore Airlines, are looking at higher cargo rates to offset fuel increases. A Cargolux official
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  • 407 1  -  By Conrad Raj THE Central Provident Fund Board has started talks with Singapore Telecom on the allocation of discounted Telecom shares to CPF members when the statutory board goes public in about two or three years. But discussions were at a preliminary
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  • 157 1 HOW CAN you be stylish without resorting to being hip? Find out in "Aspects of Style" a 26-page special free with your copy of Business Times today. Read about: What Genghis Khan had to do with the origins of style The Yuppie does this label still apply?
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  • Page 1 Advertisements
    • 198 1 Nikon The World's Finest Photographic System. PRICE OF EUROPE'S DITHERING 10 ROCKING THE BOAT TO CHINA 11 Aircraft Schedule 25 Money Changer Rates 25 World News 9 Commodrtws 24 Money Market L 23 Cryptic Crossword 25 Regional News 4 Editorial 10 Regional Stock Markets 22 For market indices, edrtonal. Financial
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    • 31 1 Rethink in corporate America, Pg 6 Insurers fear economic fallout, Pg 7 Asian nations reassess economies, Pg 13 Opec expectations, Pg 13 Suez canal a big loser, Shipping Times Pg 2
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    • 53 1 Nikon The World sF'nest S >'ew Sang Kandl portfolio: US$3,OOO profit in three weeks. Full report, Pg 23 PARFUMS Cartier mu/t* de (artier Boutique/ SINGAPORE #01-36, Lucky Plaza, 304 Orchard Road. Tel: *****27 #01-04, The Shopping Gallery, Hilton International Singapore. 581. Orchard Road Tel: *****95 #01-03, Palais Renaissance, 390 Orchard
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  • HOME NEWS
    • NEWS ROUNDUP
      • 116 2 A POLISH delegation comprising members of its Senate arrives in Singapore today for a three-day visit at the invitation of the Speaker of Parliament, Tan Soo Khoon. The five-member team, all from the Upper House of the Polish Parliament, will call on the Minister of
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      • 122 2 A SOFTWARE package developed by Singapore Telecom has clinched this year's top award for the most outstanding specialised application software at the recently-ended Comtec '90 exhibition. The software, called Teleview PCAccess, enhances the usefulness of PCs by allowing users to gain access to a wide range
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      • 75 2 SINGAPORE General Hospital (SGH) is to set up a Division of Craniofacial Surgery by January next year. On Friday, the hospital's department of plastic surgery will sign a memorandum of understanding with the Australian Cranio-Facial Unit, Adelaide Medical Centre for Women and Children, South Australia. The agreement will
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    • 449 2  -  By Sangeete Mulchand A PARTNERSHIP between three Sindhi business concerns which recently bought Asia Radio Building for $23 million will be spending more money to turn the Bencoolen Street property into a hotel. The hotel will have about 160 rooms and
      449 words
    • 195 2 HAW PAR VILLA'S 60-metre dragon came alive yesterday, breathing Are amidst the hypnotic beating of Chinese drums. The life-giving force was a red dot on each eye, ceremoniously applied on to a miniature by Times Publishing chairman Lim Kim San (above right)
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    • 299 2  -  By Suzanne Soh A NEW bilateral agreement on the economic development of Indonesia's Riau province will be signed in Batam today. In addition to the agreement, which covers tourism, industrial development and water supply, a reciprocal agreement on investment promotion and
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    • 191 2 THE UK overtook West Germany last year to become Singapore's largest European importer of textiles and apparels with imports of $129.7 million. The figure was 5 per cent higher than that for 1988, said the Trade Development Board of Singapore yesterday. In the
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  • Page 2 Advertisements
    • 456 2 Read CHARTPOINT, a guide to investing in the stock market. Every Saturday in Business Times. 11tb October 1990 The Oriental Sinoapore This is a comprehensive one-day conference which will highlight the new directions and priorities ot the Brunei Government in its efforts to diversify the economy and its vision of
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 352 3  -  By Amy Balan SHAREHOLDERS of Singapore Land can expect higher dividends despite a proposed bonus issue that will substantially enlarge the company's capital base. In a shareholders' circular released yesterday, Singland's new board of directors said it intends to recommend a gross dividend of
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    • 504 3  -  By Lim Mui Khi POLYTEK WEARNES Holdings (PWH) has agreed to acquire Polytek Engineering International Ltd (PEIL), a wholly-owned subsidiary of Polytek Engineering Company Ltd (PECL), for a maximum HKS9B.4 million. The price is based on six times the average
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    • 316 3  -  By Lim Mui Khi UPMARKET RETAILER Transmarco Ltd has diversified further into property, this time into Malaysia. Through its wholly-owned Hongkong subsidiary, Transmarco (Hong Kong) Ltd, the company has entered into a joint-venture agreement with a Hongkong company, Bystrong Ltd, to invest in Sabre
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    • 464 3  -  MARKET TALK By Magdalene Ng IT MAY BE TRUE, most of the time, that market timing has little impact on the response to a share offer and its debut on the exchange. But at a time such as this, when a Middle Eastern megalomaniac's
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    • 505 3 Bernama THE 'missing scrip' issue has been resolved and the Kuala Lumpur Stock Exchange's Securities Clearing Automated Network System (Scans) has replaced 5,041 share scrips previously unaccounted for. KLSE executive chairman Nik Mohammed Din bin Datuk Nik YusofT told a news conference in
      Bernama  -  505 words
    • 293 3 CENTREPOINT Properties achieved a five-year best with a 68 per jump in after-tax group profit to $14.45 million for the year ended June 30, 1990. The group's balance sheet also received a $137.2 million boost from a revaluation of its flagship property, Centrepoint Shopping Centre.
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    • COMPANY BRIEFS
      • 87 3 THE Kuwait Investment Office continues to increase its stake in motor car dealer Cycle Carriage despite the freezing of its assets by many governments including the US, Britain and Japan. C&C disclosed yesterday that the KIO had bought another 142,000 of its shares at $3.3503
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      • 38 3 Dragon Phoenix now DNP DRAGON AND PHOENIX Berhad, a Malaysian member of the Wing Tai stable, will be traded as DNP Holdings Berhad from today on Clob International. Certificates bearing the old name will still be valid "indefinitely".
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      • 46 3 MALAYAN CREDIT yesterday warned that its TSR 1990 will lapse on Sep 28 and accordingly trading in them will be suspended from Sep 18. They will be removed from the SES official list from Oct I. The subscription price is $1.54 a share.
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      • 76 3 FARIBANKS HOLDINGS (Pte) Ltd now holds 75.6 per cent of Tong Meng Industries. This followed acceptances of nearly two million shares or 25 per cent of Tong Meng on its takeover bid. Parties related to Tan Sri Dato' Teh Hong Piow, acting in concert with
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    • 236 3 Bernama PERNAS has identified three more of its companies for listing on the Kuala Lumpur Stock Exchange by the end of next year, Perbadanan Nasional Berhad president and group chief executive Tunku Datuk Shahriman Tunku Sulaiman said yesterday. "It is my hope that
      Bernama  -  236 words
  • Page 3 Advertisements
    • 144 3 "Take me away from all of this." m To take over or not to take over; that was the question. And the reason why every company report since 1869 was on his desk. Figures danced in his head, hunger rumbled in his stomach. He could only make one decision right
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 72 4 KOBE STEEL Ltd's wholly owned US steel engineering subsidiary, Midrcx Corp, has acquired Trimark Engineers Constructors Inc, a US engineering firm, to boost sales, a Kobe Steel spokesman said. Trimark, founded in 1983, has been selling steel, chemical and electric power plants, according
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      • 90 4 MATSUSHITA Electric Industrial Co Ltd plans to buy more semiconductors from Motorola Inc of the United States, a company spokesman said. Matsushita's group purchases, now some 220 million chips a month, will rise to 250-300 million next year, and to about 350 million in 1992, he
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      • 73 4 COLES MYER Ltd said its Coles Myer-Ansctt Travel Pty Ltd joint venture has bought the travel business of Australia and New Zealand Banking Group Ltd ANZ for an undisclosed sum. ANZ Travel operates 48 agencies in Australia. Coles Myer-Ansett Travel has 45 agencies in Sydney.
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      • 84 4 KOMATSU LTD said it has revised upward its forecast for current profit to 50 billion yen in the year ending March 31, 1991, from a May forecast of 45 billion. It posted current profit of 39.85 billion in 1989/90. It has also revised up its parent company
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      • 112 4 MITSUBISHI Motors Corp has increased the capitalisation of Mitsubishi Motors Sales of America Inc, its US sales unit in Cypress, California, to USSB4 million from US$2l million, a parent company spokesman said. Mitsubishi Motors' stake has risen to 85 per cent from 66.7 per cent. The stake
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      • 86 4 BENGUET CORPORATION, the largest Philippine mining firm, suffered a 22.8 per cent drop in its consolidated net income in the first half of this year, the firm's accounting office said Manila yesterday. Benguet also incurred a 6 per cent drop in its gross income and a
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    • 426 4 CECIL CHAO Sze-tsung may list his privately-owned property development company Yan Yin in Hongkong, following the failure of his listed vehicle Cheuk Nang Properties to launch a HKS2O3 million rights issue. Mr Chao, former managing director of Wah Kwong Properties and son
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    • 333 4 THE CASH-STRAPPED Macau Jockey Club has staved off for the time being a takeover bid involving casino magnate Stanley Ho. The STDM empire controlled by Mr Ho runs Macau's gambling outlets and the struggling Taipa racetrack has been targeted for a takeover by
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    • 251 4 THE SPIN-OFF from the Huey Tai group of International Tak Cheung Holdings Ltd (ITQ is part of group chairman Peter Chan Boonho's strategy to build a broad-based construction group in Hongkong. By joining the operating companies within ITC, Mr Chan has tried
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    • 263 4 Reuter BURNS, PHILP and Co Ltd is confident of a record fuUyear profit although its European expansion programme would result in an abnormal charge in the 1989/90 year of As4o million. "Despite some difficulties, 1989/90 will be another record year for Burns, Philp," chief executive
      Reuter  -  263 words
  • Page 4 Advertisements
    • 89 4 This announcement appears as a matter of record only 28 August 1990 4* TONG MENG INDUSTRIES LIMITED (Incorporated in the Republic of Singapore) Unconditional Cash Offer by Fairbanks Holdings (Pte.) Ltd. (Incorporated in the Republic of Singapore) to acquire all the issued shares in the capital of Tong Meng Industries
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    • 248 4 This announcement appears for the purpose of record onfy August 1990 I Singapore Shipbuilding Engineering Limited I (Incorporated in the Republic of Singapore) 8 I Singapore I a member of Technologies I Invitation in respect of I 46,000,000 Existing Ordinary Shares of $0.25 each I at $1.20 for each Ordinary
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 98 6 BAYER AG said it expected 1990 results to fall below the record level achieved in 1989. Developments in the first seven months of the year indicated that profits would not reach 1989 levels, Bayer said in its interim report. However, its board was confident that 1990
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      • 99 6 THE Tokyo Stock Exchange said it plans to list shares of Daimler-Benz on its foreign section in mid-September. The West German firm has no plans to issue new shares with the listing, the exchange said in a statement. Nikko Securities Co Ltd is managing
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      • 62 6 SWISS food company Hero Herz said it agreed to buy a controlling majority stake in French fruit juice maker Les Vergers d'Alsace SA (LVA) from Banque Federative du Credit Mutuel, subject to French Finance Ministry approval. LVA employs around 260 workers and had a
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      • 65 6 SWEDISH investment group Proventus International AB said it acquired a 10 per cent stake in Britain's Transport Development Group (TDG) for 320 million crowns. Proventus said in a statement that the investment made it the biggest single share owner of TDG. TDG made a pre-tax profit
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      • 100 6 DIVERSIFIED industrial group Viag AG, which earlier announced its group net profit rose 10.4 per cent in the first half of 1990, said it expected to achieve a good result for the whole year. "For the entire year 1990 Viag expects the group to develop satisfactorily. With continued
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      • 81 6 UK MANUFACTURERS' export order books have weakened markedly since last month and overall orders are down, the latest Confederation of British Industry (CBI) survey showed. The CBI said compared with a year ago orders now show a significant deterioration and that manufacturers are expecting a slight fall
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      • 38 6 AN experimental vaccine developed by Biocine Co, a joint venture between Ciba-Geigy AG and Chiron Corp, stimulated the production of cells the body needs for effective immunity against the AIDS virus in tests, Ciba-Geigy said.
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    • 426 6 FT THE LONDON Stock Exchange last week strongly criticised Asil Nadir, chairman of Polly Peck International, for the way he announced and then withdrew his intention to bid for the company earlier this month. The exchange said it was sending its 10-page
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    • 424 6 NYT THE BEST of Wall Street's merger experts in the 1980s specialised in determining how much debt their target companies could take on in a leveraged buyout. To do so, they made assumptions about the future, including the direction of interest rates, economic growth,
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    • 620 6 Reuter FALLING DEMAND, higher costs and intensified competition have caught Europe's tyre makers in a squeeze which will have a long-term impact on profitability and could force cuts in capacity, analysts said. "We've seen some consolidation in the industry. Perhaps there has to
      Reuter  -  620 words
    • 478 6 AP EVOKING images of boardroom Napoleons, French executives have struck out beyond their borders to wage the most aggressive corporate takeover campaign in Europe. The conquests extend far beyond the continent to the New World the United States. Some
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  • Page 6 Advertisements
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    • 109 6 DATABASE ANALYSIS FOR THE EQUITIES MARKET TECHAMATO-a Database Analysis module. Offers an exhaustive Ist of number-crunching facilities indispensable to every Research Department Select from a comprehensive Ist of analyses on Stock Price, Vofcime, Price Changes -daily, weekly or and BmMngg studiee can be performed on the extensive Investamatic Database. Special
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  • FINANCIAL NEWS
    • 358 7  -  By David Chew THE KUWAIT-BASED Gulf Bank KSC will continue its operations in Singapore despite the freezing of its accounts by the many governments including the US, Britain and Japan following the Iraqi invasion on Aug 2, two bank representatives said yesterday. Special
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    • 502 7 Reuter THE economic fallout from the prospect of an oil war in the Mideast Gulf is beginning to cause concern over British insurance companies, not least over the likelihood of continued growth in dividend payouts, share analysts said. High inflation and
      Reuter  -  502 words
    • 285 7 AFP AUSTRALIA'S New South Wales (NSW) State Bank will be sold within five years, state premier Nick Greiner said yesterday. Mr Greiner was speaking a day after Treasurer Paul Keating announced that the Federal government-owned Commonwealth Bank would pay Asl.6 billion
      AFP  -  285 words
    • SMALL CHANGE
      • 65 7 US Commerce Secretary Robert Mosbacher said that interest rates should be lowered to help avoid recession. "I think we have a slow growth period in US and we can keep it from going into recession, but easing interest rates would certainly help a lot,"
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      • 51 7 CLARION Co Ltd will issue 150 million Swiss francs worth of convertible bonds priced at par and maturing on Sep 30, 1995. The bonds will be issued on Sep 12, with Swiss Bank Corp acting as lead manager. Other details will be decided later, the company
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      • 70 7 JAPAN'S Toho Zinc Co will issue US$7O million in bonds with equity warrants due Sep 13, 1994 and priced at par. Lead manager is Nikko Securities Co (Europe). Payment is due on Sep 13, 1990 and exercise period is from Sep 28, 1990 to
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      • 177 7 THE US public has grown increasingly disenchanted with President Bush's handling of the savings and loan crisis, but most Americans still place ultimate blame on the managers and owners in the industry, according to the latest New York Times/CBS News Poll. The high negative ratings
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    • 139 7 Bernama THE Association of Banks in Malaysia (ABM) expects a rise in the base lending rate (BLR) of one petcentage point in Hew of the recent increase ia the cost of funds, ABM chairman Ahmad Mohd Don snkl yesterday. Mr Ahmad, Malayan Banking Blid's
      Bernama  -  139 words
    • 327 7 Reuter SOARING short-term interest rates and sharp drops in local stock and bond prices shrank Japanese bank profits by 10 per cent or more in the half-year ending Sep 30, financial analysts said. Total profits at Japan's 12 city banks are likely to decline by 1
      Reuter  -  327 words
  • Page 7 Advertisements
    • 144 7 Why does one of the most vibrant technological economies produce the developed world's fewest Nobel Prize-winning scientists? j H September's cover story, BACK 10 BASICS, examines why Japan's scientific establishment HHI mH lags so far behind that of the US and Europe. And in a related story, THE TECHNOPOLIS GAMBIT,
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  • Page 7 Miscellaneous

  • THE REGION
    • NOTE BOOK
      • 72 8 THE PALESTINIAN Liberation Organisation (PLO) has been instrumental in arranging for the evacuation of Thai workers from Kuwait to Iraq. Thai deputy Foreign Minister Prapas Limpabhandu, in an interview on his arrival in Bangkok from Amman on Sunday, expressed his gratitude for the
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      • 77 8 INDONESIA said at the weekend it was ending press censorship unless national security was at risk. "Reporters are no longer restricted. They can write any news as long as it does not violate the code of ethics of the Indonesian Journalists' Association and national interests,"
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      • 70 8 INDONESIA HAS WAIVED visa requirements for tourists from six more countries in a move to boost further its tourism industry. The official Antara news agency yesterday quoted an immigration official as saying that tourists from Yugoslavia, Argentina, Brazil, Chile, Mexico and Venezuela no longer needed visas
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      • 80 8 THE JOHOR State Economic Development Corporation will contribute 10 per cent of its annual net profits before extraordinary items to the state government beginning from 1989, JSEDC chairman Tan Sri Haji Muhyiddin Mohamad Yassin said. The 1989 contribution of M 59.6 million has also made the JSEDC
        80 words
    • 375 8 VIETNAM has proposed that Thailand should broaden fishery joint ventures to cover seafood processing instead of merely seeking fishing concessions. The Bangkok Post reported on Saturday that Vietnamese Ambassador to Thailand Nguyen Trung said Hanoi preferred fishery ventures that would involve the
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    • 222 8 THAILAND'S Board of Investment will meet soon to discuss a Si no-Thai project to produce ten-wheel trucks for the Thai market, 80l secre-tary-general Chira Panupong said. According to the Bangkok Post, he said the 80l board chaired by Prime Minister Chatichai Choonhavan, would discuss the extent
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    • 293 8 AFP DEFENCE Secretary Fidel Ramos, likening the Philippines to a leaking boat with people rowing in different directions, yesterday appealed for national unity amid persistent rumours of a fresh coup bid by rebel troops. Mr Ramos was speaking hours after the 16th bomb attack
      AFP  -  293 words
    • 137 8 AFP IN A BID to check hoarding and speculation, the Philippines' Energy Regulatory Board (ERB) yesterday said it had ordered oil firms to limit the amount of fuel they sell to industrial customers and retailers. Some petrol stations started rationing fuel to make supplies last, but
      AFP  -  137 words
    • 265 8 A RECENT sensationalised headline in an Australian daily could suggest a change in Japanese investment strategy in Australia, according to the Japan Economic Journal. "Japan is buying Sydney's spirit," the Sydney Morning Herald reported recently. The leading local paper said that Japanese companies have
      265 words
    • 326 8 RETURNED boat people, demobilised veterans of the Cambodian war and school leavers are creating major headaches for officials charged with finding job openings for Vietnam's six million unemployed. More than one million people will flood onto the job market every year, Ministry of Labour, Invalids
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  • Page 8 Advertisements
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  • THE WORLD
    • 331 9 Lower corporate profit leaves its mark NYT NEW ORDERS for Ameri-can-made machine tools dropped by 11.9 per cent in July, according to a monthly report by the Association for Manufacturing Technology. Economists said last Saturday the figures showed that the nation's economy had begun slowing
      NYT  -  331 words
    • 269 9 Reuter INTEREST-RATE worries and the Middle East crisis have sent the Toyko stock market into a tailspin, but Japan's economy is unlikely to follow it down and could emerge from the turmoil relatively unscathed, according to analysts. Fears of rising interest rates and slower corporate
      Reuter  -  269 words
    • 198 9 THE JAPANESE authorities are starting to take steps to ward off a possible resurgence of inflation brought on by the crisis in the Middle East, according to a Japan Economic Journal report. The Agency of Natural Resources and Energy kicked off the inflation-fighting
      198 words
    • 358 9 AP CHINA'S economy is sluggish, verging on recession, but exports are booming. Foreign investment has lagged since the brutal crackdown on dissent more than a year ago. Business people still worry about political instability and are put off by numerous
      AP  -  358 words
    • 54 9 Or so this pair of giraffes seem to be saying. The long-necked mammals were enjoying a performance by 12-year-old David Sundstrom, who was playing his saxophone on Sunday at Sydney's Taronga Zoo during a break in competition in the local eisteddfod.
      Reuter picture  -  54 words
    • 181 9 NYT CONFRONTED with a fragile economy and haunted perhaps by the slide of the *****, consumers in New York are cutting spending and delaying purchases. "We're talking about net declines of a magnitude that we have not seen since the last recession," said Isaac Lagnado,
      NYT  -  181 words
    • WORLD WATCH
      • 112 9 THE MIDDLE EAST crisis is confronting farmers, the US Treasury and taxpayers with costs that go far beyond the nsing price of oil. For farmers, rising oil prices take a heavy toll because petroleum is not only their fuel but the basic
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      • 100 9 THE SUEZ CANAL, a major source of hard currency for Egypt, would be hard hit if the Gulf crisis continues, a canal official said on Sunday. Already the waterway linking the Mediterranean with the Red Sea stands to lose US$56 million on a yearly
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      • 66 9 SHOCK WAVES from the crisis in the Persian Gulf are rippling through Brazil's economy, swelling the bill on oil imports, threatening an anti-inflation programme, deepening a recession and freezing a close trade relationship with Iraq. The rise in oil prices, to more than US$3O a barrel
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      • 67 9 THOUSANDS of Irish beef farmers are facing economic ruin as the UN embargo against Iraq and fears of "mad cow disease" cut into exports to the Middle East, according to professional associations. The government has decided to call parliament back into session today to
        67 words
  • Page 9 Advertisements
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  • 490 10 EDITORIAL THE REPUBLIC has been running a marathon of marathons for the last 25 years and it is still in the race. This has a lot to do with the stamina of its leading marathoner Prime Minister Lee Kuan Yew, who has shepherded the nation through troubled
    490 words
  • WHAT THE OTHERS SAY
    • 224 10 IT LOOKS like the military regime in Burma will be able to cling to power for some time to come. But for how long? More important, how long can the economy endure the troglodyte regime? Already one of the world's poorest nations after three decades of
      224 words
    • 141 10 WAR BETWEEN the United States and Iraq appears inevitable if Iraqi President Saddam Hussein remains intransigent. Undesirable as the consequences of war are, if it leads to the downfall of the Hussein regime and Iraq's withdrawal from Kuwait, then force can be justified as a positive
      141 words
    • 132 10 THE DREAM of a united Germany will soon be a reality. In six weeks' time, Mr Helmut Kohl, the man who pushed for unification harder than anyone else, will lead the world's third industrial power. With a population of 80 million a united Germany will be a
      132 words
  • REGIONAL VIEWPOINTS
    • 156 10 WHILE PUBLIC attention continues to focus on the Social Action Party, the military has subtly reminded the premier that he has yet to deal with PM's Office Minister Chalerm Yoobamrung, whom the military views as a loose cannon on the ship of state. The premier tends
      156 words
    • 187 10 THE JOINT communique issued by the leaders of the three Cambodian resistance factions in Beijing after three days of talks seems to indicate that they have agreed to come to Jakarta for a meeting with Phnom Penh's Prime Minister Hun Sen. The most important point... concerns how
      187 words
    • 146 10 FORTY-FIVE YEARS after the liberalisation of Hongkong, the territory's relations with Japan have never been better or as mutually beneficial. Though Japanese bashing in East Asia is not as visceral as that taking place in America and Australia, envy of that country's success has nevertheless arrived as
      146 words
  • 913 10  -  The response seemed united enough. After all, European countries 'put their ships where their votes are' and sent military aid to the Gulf. But for those who would espouse a single European Community foreign policy, the lack of speed at which a collective response was
    IHT  -  913 words
  • Page 10 Advertisements
    • 140 10 Australian Australian Australian Australian Australian Australian Ai Bf.F.F Bkf.F i, BRI.F Bef.F BF.EF BEFF^ Ai .trauaN w A r\ I \JJIwA A. AUSTRALIAN Ai >i I.IAN AUSTRALIAN 1-31 August 1990 5-COURSE SET MENU FOR LUNCH A DINNER Includes: Soup of the Day Toasted Garlic Bread Choice of Main Course Dessert
      140 words
  • Page 10 Miscellaneous
    • 25 10 DOONESBURY BY GARRY TRUDEAU 900PSC! l'MLm??* }£!£n RaflPK)■1 I OMHBRS! KIPPO! GOT STOPPED 1 |f MKHOONG H s HB WSVSm TH&M&TALD&- I HZJVSTHA&fT mt:m tbctok<
      25 words

  • ANALYSIS
    • 885 11  -  The financial panic in the region is just the tip of the iceberg, writes Steven Prokesch. Steven Prokesch NYT HUGE withdrawals of deposits and the cutting of vital Western and Japanese credit lines have dealt severe blows to the banking systems
      NYT  -  885 words
    • 1262 11  -  Hongkongers do not look kindly on those who bend over backwards to please China as 1997 nears. The ensuing acrimony and incidents suggest a testing time ahead, reports •Catherine Ong in Hongkong. Catherine Ong IN Hongkong, a dominantly Chinese society which will become part of
      1,262 words
    • 787 11  -  As each day becomes more electric, the man in the street in China prepares for the worst, Guy Dinmore reports. Guy Dinmore Reuter SWIMMING in the balmy waters of their well-guard-ed summer resort, China's aged leaders can look back with some satisfaction on
      Reuter  -  787 words
  • Page 11 Advertisements
    • 210 11 ONE PRICE SALE REGARDLESS OF ORIGINAL PRICE ALL SAME BRANDED ITEMS ARE ONE PRICE! ONCE IN A LIFE TIME OPPORTUNITY TO BUY DESIGNER GOODS AT BELOW TAILOR PRICE. PRINCIPE SUITS Ss69o MR. VAN SHIRTS Ss6o AUSTIN REED SUITS Ss69o STEPHENS BROTHERS SHIRTS Ss9o EXAMPLE SUITS Ss79o STEPHENS BROTHERS SHORT MISSONI
      210 words

  • INNOVATION & TECHNOLOGY
    • 596 12  -  Jeremy Wagstaff finds out what ails the industry in Bangkok and how traders are coping Jeremy Wagstaff Reuter THE THAI computer industry has attracted some of the world's biggest players in the last two years but remains hamstrung by government apathy and Thai
      Reuter  -  596 words
    • 285 12  -  By Claire Leow BUSINESS Software Alliance (BSA), an organisation against software piracy, has clarified that its Software Code of Ethics is not a legally-binding document. Rather, it is a sample policy statement for companies to ensure the use of original software. The BSA statement
      285 words
    • 281 12 SOFTWARE GIANT Aston-Tate launched an improved version of the dßase IV at a demonstration and seminar last week. Version 1.1, a product of two years of research and development, is partly issued in response to wide discontent over its predecessor, the 1.0 version. Aston-Tate county
      281 words
    • 728 12  -  Kenneth James exmaines what computer companies have to offer what's touted as computing's last great frontier MATORS Kenneth James Like Teleview WANTED: A true-blue home computer; but who will deliver? The field up to now has belonged to the likes of
      Like Teleview  -  728 words
    • 143 12 LOGICRAFT Products Manufacturing has won a $100,000 grant under the Trade Development Board's Design Venture Programme for designing and developing its latest Logi 386sx laptop. The product was launched in March at CEBIT 90, the world's largest computer show, in Hanover. It was also awarded the 11th International
      143 words
  • Page 12 Advertisements
    • 124 12 This heavy-duty German-made grease gun free with every carton of Mobil grease cartridges Mobil Blue and Green Supergrease are no tjSl Switch to Mobil Blue or Green Supergrease ordinary greases. These lithium-complex multi- 3g» today! And get a free heavy-duty German-made purpose greases not only look different, but are O
      124 words
    • 161 12 -JQLw&iS^SJM^-i^l j if .'■X IN THE MARKET Every Thursday... ADVERTISING MARKETING THE FAX REVOLUTION! NETFAX has revolutionized PC-Fax systems! Now with just one fax card, Local Area Network (LAN) users can send clear reproductions of whatever appears on their PC screen across the continent! With just a couple of keystrokes,
      161 words

  • FOCUS
    • 680 13 Impact of the Gulf crisis Reuter OPEC oil ministers meeting in Vienna yesterday seemed likely to agree to produce more oil if the Gulf crisis threatens shortages. But the cartel faces the problem of whether to make that a formal promise to
      Reuter  -  680 words
    • 665 13 AFP Three weeks into the Gulf crisis, Asian countries are scrambling to reassess their economic prospects as the price of oil tops US$3O a barrel. And while oil-exporting countries in the region stand to make short-term gains, most economists agree that all will lose if
      AFP  -  665 words
  • Page 13 Advertisements
    • 507 13 Z^H.lf UH H I KMIVI fliil^^^^H C > 'TOrM >-" Hi M 4r >~ \^H Bpi KThe new PC AX2 package is now $2,BCX) The new Epson PC AX2 package is a nothing short of exceptional. Note: you'd he printer together, and you have an unbeatable the NEW EPSON usual
      507 words

  • Page 14 Advertisements
    • 221 14 WHERE TO WINE. DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by word~of~mouth. For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330 8310 or 338 8585 ext *****/6
      221 words
    • 299 14 ASBUttING FORMAII*. APPEARS TOMGHTABCM scons RQ\D —Vim I ttmffmi With its spectacular glass frontage. the Canopy Bar lis the ideal place to see the stars It's dho\Singaporc's newest and most exclusive rendezvous. The Canopy Bar. upstairs at the Hyatt One of the longest high tea buffets in town to help
      299 words
    • 265 14 A winning combination! Discover the exquisite blends of Cantonese and Thai dishes like cnspy vermicelli, torn yum soup, roasted suckling pig. and a variety of desserts. Menu changes regularly. Lunch or dinner. Adult: $16 Child: $104- Plaza Hotel SINGAPORE Cafe Plaza Brach Road Singapore 0719 W: *****11 ran Served nightly
      265 words
    • 249 14 ~E Saycheeseto f SWISS The Swiss have such wonderful ways with cheese. Savour thrm and more at The Belvedere's Swiss Buffet this month. p SWISS BUFFET LUNCH 4 p August i 31, Noon 130 pm Adult: $36++, Child below 10: $18++ A K We serve the world to you at
      249 words
  • Page 14 Miscellaneous
    • 273 14 TELEVISION AND RADIO -a the mysterious kidnapping of Ul fair Pliyi Cat. BUSINESS ON ft ACso* Trunk road to extinction r^JSsrseen Circumstances. drawing him closer to her, 535 T «tfqr In NMwy. N<w Bt ft.oo Hwy Wan. (See Our Choice). and out of the ordeal m Nam. nMa r mancial
      273 words

  • LIFESTYLE
    • 825 15  -  An unauthorised biography of Irving Berlin has become the subject of some debate. Alex Witcnel reports Alex Witcnel NYT WHEN people in the theatre or the music business talk about Irving Berlin, the words most often heard are likely to be recluse, miser, temperamental and,
      NYT  -  825 words
    • 871 15 NYT JOHN CAGE'S assertion that any sound "can become musical by taking its place in a piece of music" was a declaration of musical war. For Cage, the humblest sound sources, from brake drums to flower pots, were equal in value to
      NYT  -  871 words
    • 556 15 CHATTERBOX BARON EDMOND de Rothschild, head of an international banking and business empire, is to pay inheritance taxes to the French government with an art collection to be exhibited in the Louvre museum, the Finance Ministry said in Paris last week. Rothschild agreed
      556 words
  • Page 15 Advertisements
    • 241 15 *:~%|{_{^%}'-\}\<[~?._)|~_|]?>{ Who Says You Cant Mix Business With Pleasure? MONDAY TO FRIDAY, 12 NOON TO 2.30PM. $31.00++ per person. At Hubertus Grill, the Businessman's Buffet Luncheon offers you the opportunity to enjoy a sumptuous appetiser and dessert buffet and an k la carte main course in the relaxing ambience of
      241 words
    • 153 15 TnAII/A Restaurant and 1 KUIIV/% Karaoke Lounges FINESr RUSSIAN AND CONTINENTAL CUISINE Authentic Russian Cuisine Amidst A View Of The Singapore Harbour Executive Set Lunch/ Set Dinner A ia carte Restaurant Hours o Karaoke Hours Mondays to Saturdays Daily: 1130 am to 230pm 7.00pm to 100 am Dinner Mondays to
      153 words

  • SPORTS
    • SIDE LINES
      • 123 16 ASAHIFUJI will be ranked second in his first tournament since his promotion to yokozuna (grand champion), sumo officials in Tokyo said yesterday. The 30-year-old wrestler was named the West side yokozuna, sumo's No 2 position, by the Japan Sumo Association for the Tokyo Grand Sumo
        123 words
      • 112 16 DERBYSHIRE captain Kim Barnett guided his side to its first Fngiish Sunday League title and then predicted it would be the launching pad for further trophies. Derbyshire's triumph, secured with a five-wicket win over Essex in front of an ecstatic 6,000 crowd at Derby, was its first title
        112 words
      • 81 16 PETER PERSONS became only the second rookie player to win a tournament this year when he shot a three-under-par 67 on Sunday to capture the Chattanooga Classic. Persons, a 27-year-old from Georgia, finished at 260, 20 under par for the 6,641-yard, par-70 Valleybrook Golf and Country Club
        81 words
      • 121 16 AUSTRIAN Thomas Muster and West German Christian Saceanu were dealt harsh 10-week suspensions on Sunday by the ATP Tour for having suddenly withdrawn from a recent tournament. Muster, ranked sixth in the world and seeded sixth at next week's US Open, was the top seed in Prague
        121 words
      • 116 16 A UNHERALDED pair of teenagers has saved Japan's reputation as the land of million-dollar cycle racing at Asia's first world cycling championships. Narihiro Inamura, 18, and Toshinobu Saito, 17, spent only two weeks training together for their first tandem race and won Japan's sole track medal,
        116 words
      • 84 16 CASH ASMUSSEN says France's top jockey award, the Golden Whip, is aptly named. Winning it four times has spurred him to even greater success. "It becomes an added pressure when you are expected to be champ," said the US jockey from Texas, who this year won
        84 words
      • 120 16 THE persistent efforts of a French aristocrat paid off in 1896 with the revival of the Olympic Games in Greece. Now, a century later, Athens is bidding to host the Olympic Games again, this time through its own endeavours. The Athens '96 committee, which directs the bid, calls
        120 words
      • 56 16 JIM GALLERY, who missed a 25-yard field goal with 5:14 left, kicked a 24-yarder with one second remaining on Sunday, lifting the Minnesota Vikings to a 22-21 NFL pre-season victory over the winless Houston Oilers. The Vikings (2-1) won despite generally poor quarterbacking by Rich Gannon, making his
        56 words
    • 151 16 AP AL UNSER JR drove to his third straight victory on Sunday, winning another strategic battle with team-mate Bobby Rahal in the inaugural Denver Grand Prix. Unser, adding to his CART-PPG Indy-car series point lead, handled the 32 Celsius heat, the thin air of the
      AP  -  151 words
    • 709 16 Agencies JOSE-MARIA OLAZABAL shot a 3-under par 67 on Sunday and turned the final round into a victory lap, winning the World Series of Golf by 12 shots, the largest margin of victory in 15 years on the US PGA Tour. The last lingering doubt that
      Agencies  -  709 words
    • 611 16 AP SWEDEN'S Stefan Edberg, the world's top-ranked player, warmed up for the US Open with a 7-6, (7-3), 6-3 victory over Yugoslavia's 18-year-old Goran Ivanisevic on Sunday in the Hamlet Challenge Cup. It was the 21st straight match victory for Edberg since he
      AP  -  611 words
    • 367 16 AP AYRTON SENNA did not go to Spa Francorchamps for the waters, but he left the health resort a strengthened man. He won the Belgian Grand Prix on Sunday for the third time in a row, has a new multi-million-dollar contract with McLaren-Honda
      AP  -  367 words
    • 405 16 Agencies WEST GERMAN Steffi Graf blew a match point in the second set and was extended in the third before putting away rookie pro Jennifer Capriati 6-3 5-7 6-4 on Sunday in the final of the US$l6O,OOO Women's Tennis Classic. Grafs victory over the
      Agencies  -  405 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4595 17  -  By William Chia SHARE PRICES on the Singapore stock market continued to rally for the second straight day yesterday following a firmer close in Tokyo and a calmer Middle East situation. But profit-taking in the final 30 minutes of trading trimmed the gains
      4,595 words

  • 3823 18 Main Board OCBC Foreign 825 80 +'0 ™> lsetan 50* 630 +60 +10.5* Spore Fodder 120 60 +100.0* FAN 730 55 8.1* SIA Foreign 1440 +50 +3.6* SPH 695 +45 +6.9* Shangn-La 675 +45 +7.1* SIA 200 1070 40 3.9* OCBC 770 +40 +5.5* Spore
    3,823 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3713 19 Bernama STOCK PRICES on the Kuala Lumpur stock market finished broadly higher yesterday on strong bargainhunting as the KLSE Composite Index jumped 31.81 points, or 6.50 per cent, to 521.46. The KLSE Industrial Index strengthened 61.7 points, or 6.34 per cent, to 1,034.78 while the
      Bernama  -  3,713 words
  • Page 19 Advertisements
    • 665 19 DnC Den norske Creditbank BALANCE SHEETS PROFIT AND LOSS ACCOUNTS DnC Group 000 Gf0 °P Amounts in NOK milbon 1989 1988 Amounts in NOK mtfhon 1989 '988 ASSETS Interest and commission income 12.223 13.826 Cash and deposits with banks 5,751 7.309 Other investment income '28 Negotiable certificates and bonds 11.718
      665 words
    • 10 19 NEW LOOKS! NEW DIRECTIONS! NEW ATTITUDES! AUGUST ISSUE OUT NOW!
      10 words

  • BT SHARE INFORMATION SERVICE
    • 105 20 -nii M nj Date YMr Grw» Net ttot Mratagt Cnm MR to pr«m/toM a) «vMm4 ('004) (cwito) MwiLooflf Ami 21 Mar 90 M$5,387(M$4.414) 15.5(11.8) 10(10) Smmakw A* 14 Mar 90 $4,089l($8,020l) HTFHMu Auf 3 Mar 90 |2.334(J2.754l) 26(-) JC-MPH Auf 3 Mar 90 {15.408(112.840) 8.5(7.1) 10fc(3) Marate M
      105 words
    • 102 20 CM*My Date Ymt Orw» »rt-tox N«t HnMp «m» mm to pr«llt/lMt (I) Hf »k« fOOt) (e«rt») M Am 24 km 90 $I.146($726) 254(160.6) 150(100) B«Mrta Am 22 Apr 90 W2.966KW10.047) -(23.1) 2(30) JofeM rtdp Aii| 22 tan 90 MJ6,498(183,2071) MM Am 22 Jun 90 MS370.594(MS185.442) 40(26) 20(18) SrfOn*
      102 words
    • 653 20 Carrwrt Ex Baaks Bate TafcriMr Tatal far farmMt data doM payaMa ItoyMr last yaar Mn IMp 6% Aug 28 Sep 7 Sep 26 6% 6% MOB 2.5% Sep 14 Sep 28 Oct 27 2 5% 2% MMB 10% Sep 21 Oct 5 No* 1 10% 7.5%(a) Mat 7.5%TE(I)
      653 words
    • 291 20 fmnnij Bate Haif-yaar toawpra-tax tetartei mm to (L) 4Mda«id (•MO) 06S Land Aug 24 Jun 90 $21,148($24,003) YHS Aug 24 Jun 90 $7,620(J9.052 5(5) Dwtoo Est Aug 23 Jun 90 mi.200L(M$18.299) -<7) Mudi Hdp Aaf 23 Jun 90 M$8,665(l«$7.518) H Ptaa Ami 22 Jun 90 $3,895 (r) Sff
      291 words
    • 446 20 Aw 25 The CM Corporation of Aria (CCA), which is part of the world's largest private club operator group, plans to double its club facilities in Asia by opening another eight private clubs in Japan. Indonesia, Thailand, Taiwan and China over the next few years. Ah II n—atanlro
      446 words
    • 595 20 StapHrt Stacks Last Frf Ymt C)mtm NM Date Tea MER bw M mmmui en* (a*) pnft w rt» (rooo) Lee* Mat Menm Ma 30 Dec 89 5351(h) EMS Menm Apr 26 M 90 9.3(a) 2 3TE<») 4.747 FM Mtnm Mi 23 Sep 90 356 18.0 62.868 Mm Men*
      595 words
    • 396 20 Company Rights Issue Mi Mh (H) Often tof site by of on Matt of Utd Enpracn (M) Bhd of 25 2m dares by way of a nghts ofter to enMed shareholders of KK on the baas of tour-tor-ow fe MSI 25 cadi Entote M 20 Books dose Aug
      396 words
    • 657 20 BONDS, LOANS WARRANTS CM Rt Wort 28/4/53 1 warrant ptos $3.09 cash C— lain ba C— wit III 2/10/19 to 20/10/94 1 warrant plus $1 cad or 1 warrant plus SI mnml Mount ot loan stock Chan My Mat Omm ftp in Man* 17 to 31/12/91 155 warats plus $1.55
      657 words
    • 538 20 Company Rights Issue One-tor tour fe MJ2 00 per share Camtmn to* Capital reduction scheme to reduce par value of shares Iron $100 to SO 60; Rights issue ot 3:4 JO 60 per share Ctl* One tor one fe M$4 00 per share Every tour nghts shares would
      538 words
    • 130 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index UNI* 1435 43 (16/7/90) UN 1607.12 (27/3/90) 1990 far 1084.43 (23/8/90) UN Inr 1127.89 (23/8/N) 190 Mt 1322.00 (28/12/89) 190 M* 1487.76 (26/12/89) 190 Sr 917.42 (4/1/89) UN Inr 1030 69 (4/1/N) 19N Mc 1043.86 (8/8/88) 190 N* 1177J7 (8/8/M) INS
      130 words
  • Page 20 Advertisements

  • TOKYO STOCK EXCHANGE
    • 2282 21 Reuter TOKYO stocks closed with their ninth-biggest one-day point gain, mainly on technical buying in thin trade after the plunges of last week. Bargain hunters chased stocks seen as undervalued or oversold, but concerns over the crisis in the Middle East kept major
      Reuter  -  2,282 words
  • 2021 21 Vol HK$ High Low C000) Allied PptW90 0.39 -.050 0.42 0.38 110 Allied Ppt W93 0.62 unch 0.63 0.58 736 Allied Ppt 1.21 +.010 1.22 1.13 893 Allied T.W 0.68 .020 0.68 0.60 3549 Allied Tw W92 0.161 .004 0.161 0.161 465 Amoy Properties 2.925 +.125
    2,021 words
  • Page 21 Advertisements

  • REGIONAL STOCK MARKETS
    • Stocks close firmer in Australia
      • 1047 22 THE AUSTRALIAN share market dosed firmer yesterday, with sentiment helped by substantial gains in Tokyo stocks, in nervous and quiet trade that was dominated by fears of a war in the Middle East. Industrial stocks led the way on the strength of bargain hunting. The All Ordinaries Index gained
        1,047 words
      • 679 22 THAI stocks rallied sharply yesterday on news of a major cabinet reshuffle which replaces Finance Minister Pramual Sabhavasu with popular technocrat Virabongse Ramangkura, brokers Sa SET Index rose 61.11 points to close at 756.92 on thin turnover of 1.09 billion baht. Gains led losses 181 to five. Thai Farmers
        679 words
      • 488 22 PHILIPPINE share prices continued to rise as bargain hunters returned to an oversold market, brokers said. The Manila Stock Exchange composite index closed at 726.05, up 29.29 from Friday. Investors were looking for fresh fundamentals in the market to counter the combined effects of a recent spate of bombings
        488 words
      • 436 22 SHARE prices on the Taiwan Stock Exchange staged a dramatic upsurge Monday with the Weighted Price Index chalking up a record 6.76 per cent sin-gle-day rise fuelled by Tokyo's rally in early trading. Following Saturday's 29.25-point increase, the 216-issue benchmark rebounded 213.89 points, or 6.76 per cent, in active
        436 words
      • 790 22 SEOUL stocks closed well up yesterday after rebounding sharply immediately after opening in anticipation of market boosting steps from the government and on the perception that tension was easing in the Gulf, brokers said. The index closed up 26.91 points from Saturday at 614.29. Volume was very low at
        790 words
      • 334 22 THE New Zealand share market day rebounded from Friday's five-year low in nervous morning trade, with the Barclays share index estimate the first session 32.17 points (2.09 per cent) higher at 1,570.07. But brokers" said volumes were thin and there was a>> lack of aggressive buying, as the
        334 words
      • 624 22 PRICES on the Jakarta stock exchangeclosed mixed, causing the composite index to fail 4.95 points to 546.83. Trading was fairly active on thei banking sector, with Bank Bali rising 1,000 rupiah to 12,000 on turnover rf 86,000 shares. Bank Umum NasionaJ rose 250 rupiah to 9,200, with 169,50Q shares
        624 words
      • 396 22 Ooac Preview A*r SYDNEY AH Ordinaries Index 1477.3 1466.9 +10.4 All Industriab Index 2210.5 2178.2 +32.3 All Resources Index 907.3 911.8 -4.5 Turnover (million) 169.04 148.86 20.18 BANGKOK SET Index 756.92 695.81 +61.11 Turnover (nearest "000) 1,090.0 NA JAKARTA Composite Index 546.83 551.78 -4.95 Turnover (nearest *000) NA NA ■MU
        396 words
  • Page 22 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 850 23  -  THE SANGKANOL By David Gabriel Uting technical methods, the Sung Kancil weekly report trucks the profit/lass position of. a 550,000 deposit, leverabed up to 10 times, for trading in a portfolio of deutschemarks, yen, sterling, Swiss francs, Nikkei Stock Indtfx Futures and
      Chart by Tele Trac  -  850 words
    • 338 23 FOREX MARKET REPORTS 1,1 THE US dollar yesterday ended in Tokyo at a six-month low against the yen and more than a pfennig weaker against the marie, after active selling by fife insurance companies in the afternoon session. "I think there may be
      338 words
    • 390 23 Cross rates au«27 US$ S$ MS- Dm Yen SFr AS NZS USS ***** 2.6950 1.5495 145.50 0.5144 1.2260 1.2005 1.5860 SS 0.5631 1.5175 0.8725 0.8193 0.2896 0.6903 0.6759 0.8930 I 1US 0.37H 65.90 0.5750 0.5399 0.I909 0.4549 0.4454 0.5885 Dm 0.6454 1.1462 I.7393 93.90 0.3320 0.7912 0.7748
      390 words
    • 558 23 Interbank rates <S> Bid Offer -Overnight 6 1/2 6 3/4 I-month 6 3/4 6 7/8 r 2-month 6 13/16 6 15/16 6 13/16 6 15/16 Owight mode: 6-5/8 US$ Bid Offer 7 days 8 1/8 8 1/4 '1 month 8 1/8 8 1/4 '2 months 8 1/4 8
      558 words
    • 1268 23 SIMEX mumiM Open H# Lw Sett EA Vol Opflnt Vd Sep 90 91.82 91.82 91.80 91.81 1005 ***** 1993 Dec 90 91.77 91.78 91.73 91.77 4500 ***** 8153 Mar 91 91.60 91.70 91.60 91.67 1508 6296 2444 Jun 91 91.44 91.50 91.42 91.50 150 1424 744 Sep 91
      1,268 words

  • COMMODITIES
    • 286 24 Reuter THE Philippines will import four million more barrels of crude oil from Saudi Arabia, Iran, Malaysia and Indonesia this year to cushion the impact of the Gulf crisis, President Corazon Aquino said. The added oil stocks were also seen
      Reuter  -  286 words
    • 267 24 Reuter THE Soviet 1990 grain harvest is half complete at 133 million tonnes, Prime Minister Nikolai Ryzhkov told state television. Mr Ryzhkov said yields by Aug 22 were higher than in 1989, when the country produced a total
      Reuter  -  267 words
    • 119 24 Reuter MALAYSIA will introduce improved Standard Malaysian Rubber (SMR) grades from Jan 1, officials from the Rubber Research Institute of Malaysia (RRIM) said. The revised rubber grades are aimed at meeting the higher technical requirements of major consumers, RRIM director Abdul Aziz Kadir said at
      Reuter  -  119 words
    • 837 24 REPORTS THE tin price on the Kuala Lumpur Tin Market (KLTM) continued last week's downtrend to close at a new 1990 low of MS 1 S.6S per kg, down five sen from the previous low reached on Friday. At the opening
      837 words
  • 1303 24 Rubber Am 27 KM flafcla fcataa) S centi/kg Noon Clot Inl 1 RSS Prompt I65.00/166.00N 163.50/164 50N Int I RSS Sep 90 165 00/166.00 I63.WI64.30N lot I RSS Oct 16S.0tV166.00 163.7V164.75N Int 2 RSS OP I58.75/I60.75N 157.2VI59.25N Int 3 RSS OP 154.2VI56.25N 152.7V154.75N Int 4 RSS OP I50.2VI52.25N I48.7V150.75N
    1,303 words
  • Page 24 Advertisements
    • 540 24 NOTICES IN THE MATTER OF THE COMPANIES ACT, CHAPTER 50 AND IN THE MATTER OF PAT PLASTIC PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING is hereby given that pursuant to Section 308 of the Companies Act, Chapter 50, a Final General Meeting of the Members of the
      540 words
    • 446 24 IN THE MATTER OF THE COMPANIES ACT. CHAPTER 50 AND IN THE MATTER OF GLAMAPLAST PRODUCTS (PTE) LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE is hereby given that pursuant to Section 308 of the Companies Act. Chapter 50, a Final General Meeting of the Members of abovenamed
      446 words
    • 15 24 Read Chartpoint, a guide to investing in the stoek market. Every Saturday in Business Times.
      15 words

  • THE TRAVEL PAGE
    • 1021 25 CRy FWgX ETA gg np Ma DIMM GA893 1045 GA892 0010 GA886 0010 GA974 2359 SQ226 2035 QF82 2200 GA893 1045 KL838 2115 KL837 1430 SQ24 2200 SQ23 1810 GA974 2359 Qre 1830 AHmh Qf 16 1830 SQ24 2200 0M71 2205 AacMaarf TE25 1800 TE26 1920
      1,021 words
    • 704 25  -  LETTER FROM HUNGARY By David Lewis THE Gypsy Band strikes up. A moustachioed dancer slaps his high black boots. His brightly-costumed partner spins on her toes, her pleated skirt rising into the air through centrifugal force. It is folklore evening at the Kadarcsi Csarda
      704 words
    • 151 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4630 1.4930 Canadian dollar 1.5500 1.5700 NZ dollar 1.100 1.1400 Sterling pound 3.440 3.470 US dollar 1.7700 1.7800 Local dollars to 100 inits of foreign caicscy Austrian schilling 16.00 17.00
      151 words
    • 33 25 Duration Title Venue Oggwr Td Duration Title Venue Orpnner Td Sen 10-16 International Spain Foirc 3/423 3101 Sep 7-17 International Switzerland Sdmiuer Muster 61/6*6.20.20 Sound De Bwcetooe Fair Mustermes* Electronics
      33 words
  • Page 25 Advertisements
    • 49 25 "IfSA A H i: i f! < >1 V l; I i. r> pjrx'fl i .h->M ,\v*v liicvuv. 1 !nir->l n Viuiriljv in.) ">11 nil iv. L n t H ins;! -jut! r. h.'nr- inJ irriv m.; i: 21 ilitkum in the I s ilu iolli<» iiv iv <8> AirCanada
      49 words
    • 744 25 CENTREPOINT PROPERTIES LTD (Incorporated in Singapore) The Directors announce the audited results of the Group and tie Company for tie year ended 30th June 1900 THE GROUP THE COMPANY 1990 1909 Change 1990 1999 Change rooo rooo rooo rooo RENTAL INCOME 20,608 17,490 +17.8 1,661 2,043 -18.7 PROFIT BEFORE TAXATION
      744 words
  • Page 25 Miscellaneous
    • 267 25 1 Left with a suggestion of 1 P P P I I f_l 5 Volcanic dust and crude _JHL__ML_ mineral washed up? (6) *^H lO I 9 Shy one due for release af11 Like tears, they can be IBB" soothing (3-5) wardly but suffering inside ',14 At variance in clash
      267 words
    • 214 25 Singapore Outlook: Showers over a few areas in the late morning and early afternoon Report Max temp. 32.4* C Assoc humidity 69% Min temp. 27.1"C Assoc humidity 88% Hrs of sunshine 9.30 Rainfall in mm nil Rainfall this mth 125.3 Rainy days this mth 9 World forecast Asia-Pacific Hi/Lo* Cond.
      214 words
    • 7 25 v^TTr^ C CVENMQ STAMOARO CO. LTD, IM2-IMO
      7 words

  • 470 26  -  From Koichi Ishiyama in TOKYO TWO JAPANESE companies have announced plans to build luxury condominium complexes in Singapore, with one of them saying it may build more condominiums at the rate of one a year. Tomen Corporation, the seventh largest trading house
    470 words
  • 50 26 Reuter Opposition members of Taiwan's parliament making off with speaker Liang Su-yung's ceremonial chair as part of what they call the democratisation of the legislature. In the centre is member Lu Hsiu-yi. To his left wearing an apron with slogans is legislator Hang Chi-chang. Reuter
    Reuter  -  50 words
  • 356 26 Reuter A MAJOR reshuffle of ministers, announced yesterday, is aimed at boosting Thai Prime Minister Chatichai Choonhavan's image as a graft-free leader and strengthening his hold on key posts, government sources and diplomats in Bangkok said. The reshuffle, the biggest in his two-year premiership, brought
    Reuter  -  356 words
  • 210 26 SAUDI ARABIA, the world's biggest oil exporter, could raise output by two million barrels a day (bpd) in just over two weeks, to help cover the loss in world supply since Iraq's invasion of Kuwait. The kingdom, along with other
    210 words
  • 731 26 Reuter SINGAPORE'S four major local banks, key players in the financial and stock markets, will probably record lower profit growth this year, analysts said yesterday. They said that it is unlikely the banks would improve on their lower half-year net profit
    Reuter  -  731 words
  • 150 26 Reuter NEW ZEALAND businesses have raised their predictions of annual inflation one year from now to an average of 6.8 per cent, the highest level since January, according to a National Bank of New Zealand business survey. "Fiscal irresponsibility, a lack of judgment in the
    Reuter  -  150 words
  • 242 26 AFP AUSTRALIA'S Labor government has called a special meeting of all Labor MPs today to try to head off an ideological crisis that could end in its destruction. Prime Minister Bob Hawke needs multi-factional endorsement of a weekend decision to bulldoze through the partial
    AFP  -  242 words
  • 135 26 Reuter THE THAI government may reduce television air time and ask department stores to. close earlier to save fuel during the Gulf crisis. Government radio said yesterday that the package of measures to cut fuel consumption could also include a request to cement plants to use
    Reuter  -  135 words
  • Page 26 Advertisements
    • 212 26 PligeT JOAILUER EN HORIOGERIE DEPUISIB74 GENEVE LASER PRINTING JUST RIGHT FOR DESKTOP PUBLISHING Macintosh IBM jjWTTFi' USUAL PRICE: 556,500 NOW AT 554,300 ONLY OFFER VALID TILL 30 SEPTEMBER 1990 OKILASER 840 0 35 GENUINE ADOBE FONTS KM POSTSCRIPT Software From Adobe I OKI |l ADVANTECH Peripherals Singapore Pte. Ltd. 140
      212 words
    • 10 26 Opec expected to pledge more oil at meeting, Page 13
      10 words
    • 96 26 PiageT JCMILLIER EN HORLOGERIE DEPUIS ISM GENtiVE We offer for storing and distribution (Germany European Wide) a well Equipped Warehouse (Bonded if required) of 11 /(XX) SQ Metres, 8.50 -Metre Height, Central Heating, Rail-Connection. Well Trained Highly Oualified Personnel is available for services in tne Import/Export, Warehousing Transport Fielo. Please
      96 words

  • Shipping Times
    • 502 27  -  By A J Leow HONGKONG company Tai Chong Cheang Steamship, which is on the prowl for property investments in Singapore, may shift its entire shipping operations here by 1993. As part of its diversification overseas, the company recently acquired 9,000 sq ft
      502 words
    • 313 27 OTC International, a whollyowned subsidiary of Australia's worldwide communications company, OTC Ltd, has won a contract worth more than As2so million to help in the development and management of the international telecommunications network in Vietnam. The 10-year contract, covering the largest overseas
      313 words
    • 161 27 Bernama INDONESIA has completed regular half-yearly maintenance of nine night navigational bouys in the Straits of Malacca, often hit by supertankers taking a short-cut route. The Melaka Straits Council (MSQ and the Indonesian Directorate-General of Sea Communications jointly undertook the job in nine
      Bernama  -  161 words
    • 93 27 AFP CHINA has opened a new air route between the eastern coastal city of Xiamen and Guiyang in the south-west, an official report yesterday. The south-west China subsidiary of the Civil Aviation Administration of China (CAAQ is serving the onehour, 4S-minute route every Saturday with Boeing
      AFP  -  93 words
    • 203 27 THE GRADUAL restoration in Indonesia of customs inspection authority to the di-rectorate-general of Customs and Excise Duties starting next April will not affect the smooth inflow of imports, assures Minister of Finance Johannes Sumarlin. "The quality of customs and excise duty services will
      203 words
    • 470 27  -  From Rahita Elias in KAOHSIUNG FAST-EXPANDING Singapore Airlines subsidiary, Tradewinds, is to launch services to "a few more places" in South-east Asia in the first quarter of next year, said a senior company official. Mr Yeo Loy Seng, Tradewinds general manager, declined to reveal the
      470 words
    • 105 27 TAIWAN'S dty of Kaohshmg will stpend some US$l2 button to expand its international airport facilities. Mayor Wa Tnn-Niea told BT that the expansfcm will sapport Kaohsinng's role as the second gateway to Taiwan. Kaohsiaag's airport director, General Hnaag Huei Ho, said later that cons traction of
      105 words
    • 260 27 JAPAN has proposed to promote Thailand as a telecommunications centre for South-east Asia, in return for its support for a second top seat in the Asia Pacific Telecom Association. The proposal was made by Japan's visiting Deputy Minister for Post and Telecommunication,
      260 words
    • NEWS SUMMARY
      • 36 27 JAPAN'S railways, long deserted by shippen as a mode for transporting Mgbt, are making a comeback, aided by incentives to create a new freight system integrating railways and trucks. Page 2
        36 words
      • 31 27 EAST GERMANY'S shipbuilding industry must drastically raise productivity, cut jobs and cooperate with West German firms to survive beyond the next few years. Back Page
        31 words
      • 40 27 DUTCH airline maker Fokker, rescued only three years ago by the government, announced on Friday that its first-half 1990 profits had trebled and said a return to dividends was likely in the full year. Back Page
        40 words
      • 27 27 DAIMLER-BENZ Inter Services (Debis) AG plans to ex-; pand into new business areas, including airplane leasing and financing. Back ftp*
        27 words
      • 36 27 BRAZIL abolished a 1968 rule requiring coffee and coooa to be shipped only in conference vessels, and said that from now on shippers could send their beans with whoever they wished. Back Page
        36 words
    • LOG BOOK
      • 88 28 SOUTH KOREA and Iran signed an accord last week to form a committee for joint telecommunications and postal systems development, officials said. The memorandum, signed by South Korean Communications Minister Lee Woo-jae and S M Gharazi of Iran, calls for South Korea to help
        88 words
      • 99 28 JAPAN'S Ministry of Transport said in an interim report that it plans a 3.22-trillion-yen budget for airport facilities in the fiscal period 1991 to 1995. This represents an increase of 1.30 trillion yen compared with the 1.92-trillion-yen budget for the fiscal period from 1986 to 1990.
        99 words
      • 82 28 THE PORT Authority of Thailand will meet port users on Sep 3 to inform them about a new tariff structure for Klong Toey and Laem Chabang ports. The new structure, which is based on cost evaluation conducted by other international ports, will make port duty collection
        82 words
      • 107 28 THE NEW ZEALAND Ministry of Transport has approved 10 per cent fare rises for next month by all airlines flying to North America except Canadian Airlines International. No application for rises has been received from Canadian, a unit of PWA Corp, or for other
        107 words
      • 87 28 WEST GERMANY'S Deutsche Lufthansa AG airline said it is planning to build a maintenance facility at East Berlin's Schoenefeld Airport at an expected cost of about IS million marks. A Lufthansa spokesman said the plan is contingent on its ability to lease the needed land
        87 words
      • 41 28 ARCADE Shipping AS, a Norwegian company, sold its entire stake in Western Co of North America. Arcade said it sold 740,000 shares for U5519,125 per share, according to a filing with the Securities and Exchange Commission.
        41 words
    • 621 28 Japan's railways long deserted by shippers as a mode for transporting freight are making a comeback, aided by incentives to create a new freight system integrating railways and trucks NYT JAPAN'S railway freight service, once virtually deserted by clients, has recently begun a comeback because
      NYT  -  621 words
    • 336 28 The Gulf Crisis Reuter THE SUEZ CANAL, a major source of hard currency for Egypt, will be hard hit if the Gulf crisis continues, a canal official said. Already the waterway linking the Mediterranean with the Red Sea stands to lose US$56 million on a yearly basis
      Reuter  -  336 words
    • 443 28 Reuter DOZENS of oil tankers and freighters are busily plying Gulf sea-lanes despite soaring insurance costs and growing fears of war between Iraq and the United States, shipping sources said. US and British warships are patrolling the Gulf, ready to use force if required to enforce the
      Reuter  -  443 words
    • 977 28 Aug 28-31: Offshore Northern Seas exhibition and conference, Stavanger, Norway. Sept 2-9: Famborough Air Show, Aerospace Establishment, Famborough. England. Sept 2-14: Anatomy of ship finance, Cambridge Academy of Transport course at Madingley Hall, Cambridge (Details: CAT 11 Hinton Way, Great Shelford, Cambridge CB2 SAX). Sept 4-7: Bait expo
      977 words
    • 12812 36 This is a list of ships loading Pro at Singapore for ports around the world. It tabulates, by Ma destination, the name of the tn ship, the shipping line involved and the estimated dates of arrival and departure n from the Port of Singapore. Advanced dates are
      12,812 words
    • 3395 41 Agencies Pie Ltd (SyMarine Handling Sdn Bhd (PK/PNV Accord Shpg: Accord Shpg Pte Ltd (SVAccord Coatr Line (M) Sdn Bhd (PKyAccord Coolr Line (PO) Sdn Bhd (PNV mill ITnl '"I Philippine: Caisource Shpg A Trdg Pte Ltd (S) AkrakM Liner Serrice: Kim Shpg Trdg (SV Hi>ii S»Alr Service
      3,395 words
    • 237 41 Abacas C ouriers Td: 545-8011,448-6415. Air Express Service Td: 533-5771. Fax: *****44. AManc Freight Corporation Td: 542-8844 Fax: *****16, *****80. AJS Supplier Td: 748-6322 (2 lines), 747-7421. Fax: *****75. Clfy-Liak International Td: 344-3377. Fax: *****50. Claßlcr liak Supplies A Services Td: 296-5720. DHL lateraatioaal Td: 344-8911. Fax: 3454%1.
      237 words
    • 1459 41 Abex Express Freight Td: 542-7171. Fax: *****84. Actiaic Forwarder Td: 225-1833. Fax: *****42. A a■ ml a 4J*! ACQYu NMgiport Td: 542-7822. Fax: *****20. Aeroiiak Freight latematioaal Td: 545-8033. Fax: *****05. Td:'"s42-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express lateraatkmal Td: 542-7666. Fax:
      1,459 words
    • 2998 42 ARGENTINA Bmot Aires: Due to heavy arrivals during weekend, port congested; 6 vessels in roads awaiting berth of which 2 to load sugar, 1 to load soybean pellets, 3 general cargo; all general cargo berths occupied; vessels in roads expected to have 1-2 days berthing delay, possibly longer
      2,998 words
    • 559 42 SHIP SALES TANKER RATES Reuter AFP SINGAPORE buyers are reported to have paid US$7.3 million for the 1967-built Pasadena, tanker of 95,310 tonnes dw, for storage purposes. Turkish interests paid around US$6 million en-bloc for the two bulkers Praha, of 32,357 tonnes dw and built 1972, and Bratislava, of 31.8&1
      Reuter; AFP  -  559 words
    • 516 42 ARRIVALS DEPARTURES Op Flight Typt ETA Fro* Op Flight Type FTP T« TODAY TOOAY KAL KE697 B747F 0155 SEL FDX FM66 B747F 0200 NCA KZ205 B747F 0215 NRT NRT/ANC/ JAL JL6I7 B747F 0345 NRT °5P LCK/ CLX CV797I B747F 2115 LUX/DXB/KUL BOS S1A SQ802 B747F 0230 SYD/AKL
      516 words
    • 348 42 CRUISE FERRY SCHEDULES Ait Dc» N—e of Ve»>d ETA ETD Port Age* Porta of CaBs AUGUST 28 29 Andaman Princess 0800 1700 Andaman Cruise Cruise to nowhere 30 31 Andaman Princess 1500 1700 Andaman Cruise Cruise to nowhere SEPTEMBER 01 01 Andaman Princess 1300 2300 Andaman Cruise Cruise to nowhere
      348 words
    • 940 43 CHARTERING on the dry cargo freight market ended a quiet week's fixings with little business reported in all sectors of the market. Yesterday's talk that one grain house had secured two grain shipments from the US Gulf to Japan at slightly easier rates remained unconfirmed. But levels of
      940 words
    • 564 43 *mm< fey N1 Berth Mn1 Depvtura Vtuel Voy No Berth Arm* Dapartw* Mpptl Whj NYM 40WB C10 alongside 28.08/2300 Bras Tag) 04/90 P2D 28.08/2000 29.08/0600 Equator 3 28/90F P1A 28.08/0730 2908/0600 Kota Angkasa 37/90 K31 alongside 2808/0600 Gma 2 19E P2A 28.08/1930 2908/1100 Ma 20WB K18 alongside
      564 words
    • 1070 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookie/Balance Rsfts Ship Voy No Period From To From Pot DbcBal Space to Lotos 3A I 27/1500 27/1659 27/1900 to Rose 2B 1 27/1500 27/1659 27/1900 4 28/1200 28/1459 28/1700 Men 205 1 27/1500 27/1659 27/1900 Anson *****H 3
      1,070 words
    • 322 43 MBg South Pert on Aug 27: Kris Merubi berth 4; Swee Long Satu berth 7. KCT: Thana Bhum berth 9. North Port; Ursus berth 11; tkan Tamban berth 12; Bangramard berth 14; Guan Shut berth 16. Andreas berth 17; Thai Ho No 1 berth 18; Ralu berth
      322 words
    • 394 44 Reuter EAST GERMANY'S shipbuilding industry must drastically raise productivity, cut jobs and cooperate with West German firms to survive beyond the next few years, the West German industry association said. East German shipbuilders have a high level of orders on hand, enough to
      Reuter  -  394 words
    • 295 44 Reuter DUTCH airline maker Fokker, rescued only three years ago by the government, announced on Friday that its first-half 1990 profits had trebled and said a return to dividends was likely in the full year. Koninklijke Nederlandse Vliegtuigenfabriek Fokker
      Reuter  -  295 words
    • 186 44 Reuter DAIMLER-BENZ Inter Services (Debis) AG plans to expand into new business areas, including airplane leasing and financing, Debis management board member Hans Adams said. Mr Adams told a news conference an agreement with Japan's Mitsubishi Corp group was possible. The two groups
      Reuter  -  186 words
    • 179 44 Reuter BRAZIL abolished a 1968 rule requiring coffee and cocoa to be shipped only in conference vessels, and said that from now on shippers could send their beans with whoever they wished. Exporters estimated the liberalisation, part of President Fernando Collor de Mello's drive towards
      Reuter  -  179 words
    • 123 44 AP AUSTRALIAN Airlines has blamed a pilots' strike for its net loss of A 513.7 million in the year ending June 30. The government-owned airline had reported a profit of A 570.4 million the previous year. Chairman Ted Harris said the labour dispute cost
      AP  -  123 words
    • 156 44 AFP THE Chinese airline, the Civil Aviation Administration of China (CAAC), has lost almost US$l million in four cases of employee ticket fraud, Chinese state television reported. The airline has stepped up ticket cross-checking after the graft cases were uncovered during a large-scale
      AFP  -  156 words
  • Page 27 Advertisements
    • 178 27 asms KM METH. GO PIE LID 11 TUAS AVC U. SINGAPORE J3M. TILE* MS M7I TEL: Ml MM<SknM| TRWAIHtWI hK unuamr* sssl ogg ■M :S.-SS BH wtw oeaww wwovatiow > «wma» quality eiiim«w»q For other reasons, said in your subscription now. r •—ainu ja m t r« Please send to:
      178 words
    • 37 27 Mr Farwrin IS Mr Fnjpt ScMrii K ContaMr Sdatok 17 OmrSnn B Crwaa t Fmy irliMn U (MyFntfto 17 Mb to Mortars -I NrtCiiillni am** 15 s*mt mil StapsOei/T anker Rate K Stop* Port 17 StppanTtfß 17
      37 words

  • Page 28 Advertisements
    • 89 28 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 Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look
      89 words

  • Page 29 Advertisements
    • 1844 29 M JAR DINE SHIPPING AGENCIES %*lV># »X Cantonment Ro*d #12-06 Southpotnt. Smgipore 0208 HWr id 221 mi telex no rs 2*179 IgTM TERMINAL/CFS Td *****11 220 rCOAfiul BOOKINGS TM *****34 235 L XFFF9 A wsaka JAROINE shippinc agencies son wo. kJKJ TORT KELANG TEL: *****11 TELEX NO. PENANG TEL 62*1*4
      1,844 words
    • 998 29 MDEX TjHDVERTOERS I Pace Col P»* Col r. '•> 1 -"I «MISC 14 1-3 I 1 M'sia Shpg Corp 9 1/2 Mendelssohn 4 4/5 ABC Contoineriine 13 5 Mercury Line 12 2 Accord Shpg 8 1-3 #MO l 18 4/5 Attwtros Set-Air 14 5 .MOSK(Foreat) 5 5 APC Line 14
      998 words
    • 2085 29 VaM«l Voy ETA ETO 'Port "Pen.no Stngapor* DESTINATIONS TIM* MM Mckmnay u (00* cioMng Tin* rm!m by jBW^WWWWWWW—IIW—— cy 4/9 0400 hrs M F.rco a CFS V) rao HRS M Tauro OAK LQB MOU MEM ATI MA CHS BM. H NYC MOM TOR SW [SW IV9 17/• 20/9 21/9 2M
      2,085 words

  • Page 30 Advertisements
    • 1147 30 -B« i 9i^lftl^l3klj^^^^l ANTWERP LE HAVRE yji 23/9 HONG KONG EXPRESS 96/506 2/9 Wf W 24/9 LIVERPOOL. BAY 01/906 6/9 1/10 26* 27/9 2 30/9 TOLAQA BAY 11/800 M 20/9 2S/9 1/10 KASUGA 11/806 13/9 6/10 2/10 4/10 1/10 7/10 CITY OF EDINBURGH 91/612 17/9 4/10 6/10 9/10 CARDIGAN BAY
      1,147 words
    • 458 30 DIRECT SOUTH PACIFIC J&SSffiL JUL n, A nJSSo.» i NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP I SLA FIOREANA 29/8 4/10 5/10 9/10 Mm accaptini Carjo ta Callao (Pit*) via Vitpa Agentr SINGAPORE: *****88 VS. JAYA: 03-*****25 PENANG^^lo7s^^^*i|DTO^^MBl^^ NORTHBOUNO TO UKC IS'PORE |ROM/A'DAM HBG HULL(U.K.) TAUSALA SAMOA V.IW In
      458 words
    • 1103 30 raar•auE•*A aunw REGULAR INDEPENDENT FULL COMTAMER SERVICE IWEBTBOUHB P6R EUE6PE VSIVOY SIN ALG BCL FEL ROT ANT HAM BRE LHA (VIA (VIA MA ALG) ROT) HAH) NORASIA PEARL 9026-3 01/09 22/09 24 09 27/08 21/09 02 10 01/16 03 10 OM6 NPRINCEM9K7T 07-09 28AW 30*9 (O/S) 05/10 06 10 07/10
      1,103 words

  • Page 31 Advertisements
    • 1698 31 SjsSteamers Maritime Holdings Ltd mP&O I fIFIW STRAITS SHIPP NG j Containers L ACCEPTS DU£ SAILS til Ik P Klm| S pent Slw H'burf Shaven R'dwii le* CARGO S UU, M I£S lira I STRAITS HOPE MA* S Auf 01 Set MONTE ROSA W502 TBHUM 2W» 3MB 2UB IMB 2MB
      1,698 words
    • 1677 31 TO: EUROPE TO: FAR EAST Sf LM ROM HAM B'HVN FIX SPORE HK KAO KM KJ HANJIN ROTTERDAM OlflM 1/B I*B 2*l 21/8 2*l 24/1 HANJIN FELIXSTOWE 003E 3/1 *1 7/1 I*l I*l CHO YANG CHANCE MM *1 27/1 2*l 21/1 1/W WO CHOYANC PARK OOX 10/1 13/1 14/1 17/1
      1,677 words
    • 395 31 aSS STRAITS/ JAPAN/ STRUTS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL CHAMPION ASIAN TANJUNG ASEAN TRADER STAR EMAS TRADER VOY. NO U 114 10 4 s pore m mm 9/9 P Mans 2/9 1/9—12/9 Penang Hong Kong Yokohama 23/9 22/9 21/9 Nagoya 21/9 20/9 26/9 Osaka 19/9 Senboku 19/9 24/9
      395 words

  • Page 32 Advertisements
    • 607 32 DJASAGETRI f A Joint Europe Service Ot i p.t. bmkmta urn p.t. sum am f.T. IHMW MMHKStt FT. TimOM UW CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE i I VSUVOY S'PORE R OAM/ H'BURC BREMEN ANTWERP ADAM KUTAI/20NB IN POUT Oft IM V» V» MATARAM/27W8 22:10 2*lo »'lO Ml FAST TRANSIT
      607 words
    • 999 32 16ft HANJIN SHIPPING j eT FULL CONTAINER SERVICE iS"™ ?w" ST KST"»" f f |«'"SIS S3 S HANJIN ROTTERDAM 010W 1/9 19/9 W 21/9 23/9 24/9 HANJIN FELIXSTOWE 003E 3fl H POMANG 1»E 2M W9 CHOYANG CHANCE 049W 9/9 27/9 2*/9 29/9 1/10 2/10 CHOYANG PARR OOK 10/9 H. CHEJO
      999 words
    • 1141 32 PKL SCP HKC KSC KLG PUS NUT OSK SMZ TYO LAX CHS OAL NYC LHV ANW ROM FIX NN XP I E GUARD (It on SI Wl 4/1 5/1 ;fl l«|l lJfl I«u llff M I*l# 12/ M 1W» 2/M Sf» W W/U E GIANT RE-Mt 1/1— 0* 7/1 I*l
      1,141 words

  • Page 33 Advertisements
    • 1630 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INOIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE :*****022 DOCUMENTATION DEPT: *****44/ *****14 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 NEPLINE SON BHD MALAYSIA K.L (03) *****33, P.Ketong-(03) *****87, Penang-(04) *****0,
      1,630 words
    • 1061 33 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/ 3a921 I DISCHARGING FROM EAST BOUND LOADING FPU WESTBOUND mm vorAg sunt [maihla WKO<K~ VOTACI got mums www nwm TRJURT ROTT il mmmm
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  • Page 34 Advertisements
    • 1136 34 mm AS AGENTS KAWASAKI SINGAPORE (PTE) LTO (CR No **********0*) \V\ fh TEL *****77 TELEX KAWAKIRS23I6S FAX *****79 \M J I ■\J MALAYSIA HARPER WIRA SON BHO W mKkm JL TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. s f'fesh OUEEN'S WAY BRIOGE 6 Sfl
      1,136 words
    • 1042 34 PHILI-ORIENT LINES PTE LTD M (The Complete NVOCC Package) fDOfHMf of SFFA 1 SEPT MONTREAL, Ottawa, toronto, VANCOUVER, S"WESTERN ONTARIO. oo *11/* .1,... niuuiu u iailtlT M CHARLESTON, CHICAGO, 29 AUG OUMI DAMMAN KUWA'T OOHA, LONDON, THUNDER BAY, WINNIPEG, f ccDrS!5Sa B SS!L N ABUDHABI REGINA, SASKATOON, 7 SEPT SHARJAH,
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  • Page 35 Advertisements
    • 1443 35 agsaaJEPjf pacific international lines (PTE) ltd J MMB PIL Bonding, 140 Cecil Street #03-00, Singapore 0106. I JAKARTA ~1 I BANGKOK ZD VftKL VOV SM JKT «N VESSEL VOY SIN BKK SIN OOWA MSB 2S/S 31/S PEGASUS PIONEER MN 2S/I 1/1 KOCN SS®7 2S/S 31/S S/S KOTA SMQA 24N 2S/I
      1,443 words
    • 1024 35 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208 Telex: RS ***** VESSEL |VOY SPORr PKLANT" SHAMPTONI HAMBURG B'HAVEN R-QAM L'HAVRE Monte Rose' 09/502 30/8 24/9 18/9 20/9 17/9 23/9 Hong Kong Express 96/506 1/9 Va Tol 19/9 22/9 24/9 Liverpool Bay 01/505
      1,024 words
    • 47 35 (NftUoa*! Oarrl«r of Jorfea) JORDAN FAR EAST LINE S-A. REGULAR MONTHLY BREAKBULK SERVICE TO RED SE# PORTS y«Md/Vov ITGMANI ISAHOAMN SIN FOW Hodetdah, FORTUNE BETA 5/9 12/9 20/9 JEDDAH, JFOO7W *o*B* LOAD FM E. M'SIA/INDONESIAN PORTS SUBJECT TO INDUCEMENT. General Aflents: BEN LINE AGENCIES (S) PTE LTD.
      47 words
    • 316 35 MYANMA H FIVE STAR LINE V (Myarimar National Lint) Loading for Yangon (Rangoon) S'pore P.Kolanf Ptn AVA VIO3W 27/27 AUG MERGUI VIOIW mm» MYOMAYWA VI3OW I*l3 SEP HPA-AN VIS4W 87/ M SEP PATHEIN VIOSW IS/17 SEP >£« THE BANK LINE (A ewitceol Andrew WekSNpftwg) \\P SEMI-CONTAINER SERVICE HEAVY LIFT CAPABILITY
      316 words



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    • 783 38 INTEGRATED CONTAINER SERVICE MEMBER OF EACON SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND m ax BRV RDM ANT HBC *ST 0. GROTEWOHL W* 29* 22/9 24/9 23/9 25/9 28/9 HMKM SEN WTB7 ifl \fl» W* V* 9/10 H CEGIELSKI 9W 12/9 */18 W W W W TOKYO SEN WfO«
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    • 1102 38 £2UStSLn CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 mmmvm wmct rt: FAR EAST PORT KELANG 31/8 7/9 MANILA 1/9 8/9 PENANG 31/8 A 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 8. 9/9
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    • 350 38 It J LOADING row LOADING FOR BUENOS AIRES VtSSCL iw lew DM UIKS MflOtO «0 m ¥1T PACUA H SABANA l/l w Ifl K» w» lim KMU c.isaml wno w» vr» nu uiu- aru MU MtnoN i u/u a/u wi iw wi- w KTBA DISCHARGING FM BRAZIL QUIT SPOKE MNI
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    • 1213 38 r fea 1* S S CHINA OCEAN SHIPPING COMPANY W 1 FULL CONTAINER LINER SERVICE tele*w an cosmip CR NO: *****M0000M FAX: 2251K4 General Agents: OCWTAAMMNO PR LID COS L ,t r TO iiimpc *BMM" VUKUVOT SCP ax ROT HAM AWT WW VtSStLjVOT FU ROT MAM ART MX ARHC/1M am
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    • 737 39 NraON-ASIA 11 CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA All IPI Destns 1/9, 8/9 I EUROPE all Ports 1/9, 8/9 BANGKOK 1/9, 6/9 HONGKONG/CHINA 31/8, 3/9 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 K«tong Brandt Tot: *****21/2/3 Fax:
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    • 261 39 j&tl RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL: *****33 (12 Unoa) m FAX: *****15/*****03 fti TELEX: R3 ***** RIBHIP (3 Unoa) PT\ ETHIOPIAN SHIPPING LINES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA IIOAOMO FOR SPORE NET SANE T 20WB W/10 OABESSALAAM MOMBASA DJIBOUTI ASSAB
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    • 817 39 MASKAPAI PELAYARAN 1 WPULAU LAUT I FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE POUTS Of S'PORE, INDONESIA. B MALAYSIA THAILAND r ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS. f WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SMOAPOM MOONfMA UMKT VSL VOY SIN JKT
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    • 588 39 3ANGKOK CEBU/MANILA vemcl Ivoy mmmm wmm Iwwr [wr j rww I cau 1 mawu] NANTA BHUM 04N Thur 300 Sun 2/9 SO ORIENT 3SR 310 «0 <0 JENLINK 21N Thur 300 Sun 20 KIT! BHUM 3Qt 70 13/9 130 DE/A BHUM# Q7N Fri 310 Mori 30 SO OSIENT 37R 140
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    • 271 39 WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: mv *tnt express 1 V 2» ETA 20/9/90 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 16 days to Sydney! FROM USA/CANADA/EUROPE/MEDITERRANEAN Vsl Hf» FU Hni Art Fo*/Mar Lhr TUT EXPRESS 11/1 23/8 25/» 21)1 Ifl
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    • 1160 40 MAC-NELS SINGAPORE I e*mt tel aiaa I www til PENANG TEL: (04) *****6 IKK TEL: (088) *****0< TAWAU TEL: (069) *****9 P. KELANG TEL: (03) *****77.' KUCHING TEL: (082) *****3 SKAN TEL: (089) *****2 J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 J JAKARTA TEL:
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    • 494 40 BLUE STAR LUE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH St PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PLY AUCK LYT PROSPECT OB 2 Sap 17 Sap Via NPI 1»
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    • 1017 40 THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES CONVENTIONAUCONTAINER SERVICES *****11 (BOOKING UNES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH una Im Eji Inn nam wr eti Iwt KIM SOON LI 34/90E 1 SEP PENANG
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  • Page 42 Advertisements
    • 68 42 KKU SIN PKL DE3TN YANNIS/***** Ski Sid FLU/ANT/UK/NTS ACROPOLIS/***** Sid Sid SM FLU/ANT/UK/NTS TBN/***** 31/8 03/9 06/9 FLU/ANT/UK/NTS VESSEL NAM jfiX HA US. SEAMAR 17/90 29/1 30/1 YANGON (BURMA) MAN HO 1 S/90 31 S 1/9 YANGON (BURMA) TOWN SATU 4/90 17/9 19/9 YANGON (BURMA) FOONG SUN SHIPPING TRADING (PTE)
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    • 63 42 S'PORE 4 USA CONSOU START! I^/ We provide punctual transit time fixed date weekly #j l, KSo W fcl»usa, CONSOU i) Europe/Far East the other J ipi ports in the world as per your enquires [SPORE! LAX MLB \door] New Wave Transport (Singapore) Pte. Ltd. OCT 135 Cecil Street, #05-02
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    • 81 42 REGULAR CONVENTIONAL SERVICE TO CHINA Vmm* S port f. Gudang Pwi Loading Far PUJIANG In Pt HUANGPU LtSMUI In Pt HUANGPU GUAMGSHUI 2*l HUANGPU/XIAMEN/SHANGHAI OAK Ifl ISA HUANGPU OA OONG HAI In Pt HAIKAO JIANCHANG 1/9 HUANGPU /KINGANQQtNGOAO SCHINDON TRADE FREIGHT SERVICES 47 BCACH RO, #06-04 KHENQ CHRJ BLOC TEL:
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    • 45 42 «T«I: *****27 Fax: *****30 Tlx: R8 ***** METCO CR He 1177SMOOOQK I VESSEL VOY NO. SIN MAA CAL TIGER RIVER 12SN 28/06 03/09 ILOVIK 103CNB 31/00 05/06 ALCOR 126N 02/08 07/00 TIGER CREEK 104CNB 04/06 10/06 TIGER RIVER 127N 09/06 16/06 ILOVIK 105CNB 14/09 21/08
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  • Page 43 Miscellaneous
    • 429 43 TIDES AND WEATHER TODAY'S TIDES (hight in metres) HOUR *****100 02W OJM MM 05M KM 07M MM MM IMOIIMI2MI3MI4M IMC IMOI7MIMOIMO 2MO MM 22M Z3M LI 15 IS 2.0 2.0 1J 1.5 12 1.0 1.0 1.0 12 1.5 2.0 2.4 2.6 2.5 2.4 2.0 1.6 12 1.0 OJ OJ PP
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  • Page 44 Advertisements
    • 426 44 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL 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 COLOMBO
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    • 702 44 MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LW OAK SEA HKC SIN HYUNDAI CHALLENGER 36E 01/09 06/09 24/09 27/09 30/09 29/09 HYUNDAI COMMANOER 18* 23/07 26/07 29/07 16/08 24/08 HYUNDAI INNOVATOR 35E 08/09 13/09 01/10
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    • 614 44 ALL SeT MARINE UISHiHC CONTAINER LASHING EQUIPMENT TEL: *****92 TLX: RS ***** ALLASH FAX: *****61 VSL ETA LDG FOR TOPAZ V.l/ 90 26/8 BANGKOK CICELIA V.4/9C 30/8 YANGON TEL: *****83 FAX: *****36 TLX: ***** JNMARI iFMMrtrwi |v* PNCIPKI Mother Viud SIN I LAX |OAK INOU IOAL iCMIf I NO* IS
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  • Page 45 Advertisements
    • 122 45 i Black beauties pg 26 w I n V ■peels o i j Sunset sails, pg Hppii y/zrNature up close, pg 6 'Jk jM Head-turning sights, pg 13 Mylo Xvpgh nl Sl\k Shedding those screamish scruples about sushi and sashimi, pg 12 H IB j| 1 -^vVM^Bi^^P//y^^B I i i
      122 words
    • 13 45 J life's a beach, pgs 20, 21 \wv>i !k Vt\! \vn,', Iv ll'
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  • ASPECTS OF Style
    • 603 46  -  Being stylish is not the same as being hip, says Jaime Lye, as she tries to pinpoint the differences between class and crass and I'll show you a Lanvin I bought in Bangkok Jaime Lye MANY PEOPLE are divided over the actual origins of style.
      Cartoons by Punch  -  603 words
    • 1141 47  -  Expect cold stares if you use the outdated label 'Yuppie', warns Neville Stack, as he reveals... Neville Stack They used to be called Yuppies but not any more. In fact, if such a thing would not be so hopelessly unstylish, there would be
      Cartoons by Punch  -  1,141 words
    • 1028 49  -  From a survey last year, it is quite clear that the family has become as much a priority for executives as their careers. But that is not the only driving factor to work at home. Deirdre Fanning examines. Deirdre Fanning NYT HERE is a fascinating figure:
      NYT  -  1,028 words
    • 564 50  -  Life in Singapore's too stressful with nothing to do, June Lim's been told. It's a jungle out there, they say. All the better for amateur nature photographer Helen Lee (right) though. So listen up you insects and... June Lim's Every fortnight, spiders, stick insects. dragonflies.
      564 words
    • 361 50 IS THERE LIFE beyond the VCR? Not for those who believe Singapore's nothing but a dead-pan alley. "It's too stressful for people to find ways of relaxing," one civil servant conjectures. When your working hours are so long, who can be bothered, basically? One
      361 words
    • 884 51  -  Deserted by the wind, Cassandra How discovers that even drifting has its pleasures on a boat like the Crealock 37 Cassandra How There may have been a time when dreams of owning one's own boat were relegated to the family bathtub, but not today. People
      884 words
    • 634 52  -  Intrepid Martha Comfort has the best of two worlds, discovers June Lim June Lim They say that work and play are antonyms, but for Martha Comfort, it's just part of her job. She's an avid sailor who works as a yacht broker for Keppel Marina Services
      634 words
    • 531 52  -  A golfer's psychologist, adviser and friend all rolled into one. Cassandra How takes a look at caddies. Cassandra How SO YOU WANT to play some serious golf. Then get a good caddy. Once you find the right caddy, you'll discover that he's virtually
      531 words
    • 686 53  -  Keith Hillier's idea of a good time involves lugging a 15-kg haversack through dense undergrowth, running into leeches and getting soaked jn a monsoon shower. June Lim finds out why. June Lim Keith hillier adores geting lost. He's one person you could drop off
      686 words
    • Article, Illustration
      886 54  -  Quek Swee Peng sniffs out sauces of satisfaction, jotting down big shots and big businesses Quek Swee Peng Beng Thin Hoon Kee OCBC Centre Tel 533-7708 An old, old establishment that's ban around for a long, long time. Very Chinese and could be, at times, unbearably noisy. However,
      886 words
    • Article, Illustration
      754 55 Contd from Page Ten: big shots and big businesses Compass Rose West in Stamford. 70th fir 2 Stamford Rd Tel 338-8585 A restaurant with a view: the panoramic view of Singapore's fabulous financial skyline and its splendid port facilities. A must for visitors to Singapore and for celebrations.
      Punch  -  754 words
    • 1128 56  -  Quek Swee Peng on raw-fish rendezvous Quek Swee Peng The novelty of Nouvelle Cuisine has been instrumental in nudging the Japanese into the top slots of food polls. Much is owed to them for their art-on-a-plate philosophy. And, over the years, epicureans explore the raw experience
      Punch  -  1,128 words
    • 966 57  -  Kenneth James discovers a culture shock of the pleasantest kind Kenneth James GO NORTH from Los Angeles up famed Highway 101, past Santa Barbara. At Buellton turn east, and before long, behold windmills. Windmills in southern California? Yes, indeed. Not Dutch, but Danish. This is the
      966 words
    • 1111 58  -  An elephant ride is not for the faint hearted, Andrea Borch finds out on a visit to an elephant work camp in Chiang Mai, Thailand. Andrea Borch WHEN I take a vacation, I like to do things not generally available in day-to-day life. On a recent trip
      1,111 words
    • 932 59  -  Time stood still for Borobudur for hundreds of years. Hidden and neglected, it fell into a sorry state of disrepair. But, with this monument soon to be restored to its former glory, David Chew sees in it the Eighth Wonder of the world. David Chew
      932 words
    • 1235 60  -  Psst... wanna change your money for some roubles? Wanna know where you can get cheap vodka and sunstroke wearing sweaters? Let Sangeeta Mulchand take you on a whirl-wind tour that starts from Helsinki and sweeps through the Soviet bloc. Sangeeta Mulchand IT IS SUMMER in Finland.
      1,235 words
    • Article, Illustration
      811 61 The desert mountains to the north of Pakistan inspire awe and not a little fear THERE can be few areas in the world where mountains rise in such awesome splendour as in the Northern Areas of Pakistan. Towering above the Chitral Valley, on the northeastern border of Afghanistan,
      811 words
    • 823 62 Visiting Queensland doesn't stop at the Great Barrier Reef. Discover other things dry and wonderful in Australia's Sunshine State. WHEN winter arrives, Queensland the "Sunshine State" is where the rest of Australia wishes to be. It is a resort state with a highly developed tourist infrastructure.
      823 words
    • 1486 63  -  The clock face announces it's five past eleven. Your luggage is not packed. You casually tell yourself that there're a good three hours: before your flight. Then you check your ticket. The night departure time is actually 11.30. You freeze. What do you do?
      1,486 words
    • 657 63 THE AFFLUENT traveller is no longer content with economy class anymore. Business Class travel is the in thing now. Travellers are willing to pay more than twice or even thrice their discounted excursion fare tickets for a couple more centimetres of legroom.
      657 words
    • Article, Illustration
      276 65 But you can still take it lying down. Besides, you've earned it. After all, you've already made it clear that you and your handphone weren't going to be partners for life. Weekends are a time when Shenton Way, MRT and CBD make way for sun, sand and
      Photographer: Lim Sin Thai; Model: David; Hair: Diana Leong of Salon Orient; Stylist: Louise Low  -  276 words
    • 222 66 SALES executives driving about town will tell you that there's one thing worse than crawling in heavy traffic. It's the clutch foot syndrome. That's when the left foot, after going through hundreds of clutching and declutching actions, seizes up the muscles of the left
      222 words
    • 116 66  - Keeping cool here's how For the man or woman with the extra cash to spare Samuel Ee gives three pages of ideas Samuel Ee WHAT'S cold but very hot? No, it's not the office vamp who turned you down for the 11th time. The answer is, the Electrolux mini Cool.
      116 words
    • 275 66 Along, long time ago, there stood behind some trees at the Turf Club many illegal bookies. Each had a strange device, about the size of a soft-drink bottle but rectangularish, and with an antenna sticking out at one end. Sometimes, these devices would ring. That
      275 words
    • 135 66 Looking cool here's how SO MAYBE you don't pick up prostitutes. But you can still try to look like Richard Gere did n Pretty Woman. All you have to do is nip down to a boutique for Cerruti ISBI because that's what the American gigolo wore in his latest movie.
      135 words
    • 131 67 THE FRUIT of a successful combination of design and technology, the Bvlgari Chronograph adds a sporting dimension to the existing range of Bvlgari watches. The Chronograph has a quartz movement that guarantees precision and perfect functioning and is water-re-sistant. Four versions, all with date, are available
      131 words
    • 94 67 IN KEEPING with the latest trend in watches, the Girard Perregaux Olimpico 4900 is a chronograph automatic designed in classical elegance and technical perfection. Clothed in harmonious eternal lines, the GP Olimpico's features include a pulsometer, an automatic movement with 39 jewels hand manufactured and decorated,
      94 words
    • 117 67 Go catch the fish and break a world record SO WHAT'S the best thing you could do after buying that diver watch? Go on a holiday to Mauritius. From Dec 3-6 this year, the Second Asia-Mauritius Deep Sea Fishing Championship will take place on the island with the beautiful beaches.
      117 words
    • 102 67 IT IS 15 TIMES rarer than gold, significantly heavier, and far more difficult to mine and machine. It is platinum, and the fact that IWC chose it for the cases of its finest watches was more than simply a matter of taste; it was a matter of style.
      102 words
    • 91 67 IN 1970, the Audemars Piguet master-watch-makers were entrusted with a new and challenging mission. They were asked to create a luxury sports watch which would turn steel into a precious metal. The result was the Royal Oak a simple, totally unprecedented design with its distinctive bezel, locked
      91 words
    • 73 67 IT IS not visible and it has no odour. But it is omnipresent in our lives and jeopardises the internals of our timepieces. It is magnetism. IWC, the Swiss watch manufacturer that has been the leading expert in optimised protection of its timepieces against this underestimated phenomenon, has
      73 words
    • 85 67 THE Seam aster Professional is the professional (liver's watch. Designed and built with a full measure of Omega experience and expertise, it incorporates a complete range of technical features. They include include wa-ter-resistance to 200 metres, a scratch-resistant sapphire crystal, a super-watertight case with notched back
      85 words
    • 99 67 BOLD and masculine, the Gucci 9400 Chronograph is beautifully sculptured to command an aim of authority for the man who knows best what he wants in life. A perfect mastery with the latest technology and impeccable craftsmanship, the Gucci 9400 features a precision ETA Swiss quartz move- ment,
      99 words
    • 220 68 ONE late night last week, somewhere in the vicinity of Orchard Road, a security guard was making his rounds in a shopping centre when he heard some noise coming from one of the staircases. Walking slowly towards it, he suddenly saw a bright, green glow emanating from under
      220 words
    • Article, Illustration
      172 68 At LE MERCIER'S, designer furniture doesn't only mean pretty furniture. It is also intelligent furniture. Saporiti Italia, a line started by two brothers anc which has stayed at the top of the Italian furniture design scene for four decades, taps architecture, the media, theatre, cinema and philosophy for
      172 words
    • 544 69  -  Samuel Ee uncovers a workshop that will give your exotic car the Cinderella treatment. It may not be free, but the effects last beyond midnight. Samuel Ee ALONG Leng Kee Road, amidst the numerous showrooms and car dealers, there sits a large hangar-like workshop. The entrance
      544 words
    • Article, Illustration
      633 70  -  Why go ga-ga over some sheet metal on Four wheels? A car is a car is a car. Ah, but only if you're a higher form of human being with very lofty ideals. Or a hermit who doesn't need to travel around very much. For the rest of
      633 words
  • Page 46 Advertisements
    • 182 46 kimwm \>L X V Btv m W* MJ 1y j This amazing camera is going to make you take that you never thought possible! jtb j landscapes to jjjj »s intimate portraits with effortless precision. With 85mm l()smm P JMk itS Sllper 38mm tO 105 mm ZOOITI lens, PentaX has
      182 words

  • Page 47 Advertisements
    • 215 47 iL' ft ifrt |if§f3s^HßEfiil ■wsifw m. £9BM' ITS ELECTRIC. 4f/ 't ijg.: 4 STi ,Mt ISSt It takes a fraction over 12 seconds for Vl2 Convertible to bring back ail the joys of open top t: motoring. And to automatically U stow the heated glass rear window 9. neady engine
      215 words

  • Page 48 Advertisements
    • 206 48 Die Devisen brieftasche The Currency Binder i M Le Portefeuille M II Portafoglio E De r Gur f e i PORSCHE DESIGN 1 Th e Be I t LaCeintu. re LaCin t u r a PORSCHE DESIGN 1 f 1; DieFullfederArcl The Fountain Pen Arc 1 i Le stylo plume
      206 words

  • Page 49 Advertisements
    • 607 49 GOOD IDEAS KEEP COMING UP Expanding software, m Increasing Uk| \J[m j Business Cards Dictionary Cards I j 3-Dimensional Spreadsheet Thesaurus/Dictionary Time Expense Manager En S lish to French Dictionary Money Planner English to German Dictionary Business Finance English to Chinese Dictionary 64 KB RAM Card 128 KB RAM Card
      607 words

  • Page 50 Advertisements
    • 304 50 The champion PERFECT SENSE Q Golf. The most dramatic and mentally exacting of sports. In April, he made golfin Which is why top golfers comprise a select few. Dedication and Nicklaus as the only consei courage mark these champions from the challengers. he snatched his second Bri At 33, Nick
      304 words

  • Page 51 Advertisements
    • 301 51 CHAMPION WITH A ECT SENSE OF TIME and mentally exacting of sports. In April, he made golfing history at the Augusta. Joining Jack :omprise a select few. Dedication and Nicklaus as the only consecutive US Masters title-holder. In July, ons from the challengers. he snatched his second British Open at
      301 words

  • Page 52 Advertisements
    • 74 52 The Renault 25 enters the new decade building on an established reputation for quality, engineering and technology. \wr S?(SY^¥tZft^^B!)^K«XHf' 4 k t r < rMflMr ii-r- Iwyl-'^^■pfßfo« wwr, MM7nkv A I*l >v- fl^H-/ U<- X N JUr > 4 \9HMRNL ah'' Renault 25, available from ARF $106,800 y fTrM^jJIT —r«
      74 words

  • Page 53 Advertisements
    • 382 53 The Classic. Nothing Is Slimmer. The Classic (Model: AH 12) Seen here is the ultimate slimline. Our 0.4 kg work 99 speed dial memory with Alpha numeric. of art, with state of the art features to match. A host of many other features, with optional kits like Crystal clear connections
      382 words

  • Page 54 Advertisements
    • 213 54 ~IBF ""^gSgBH 5® .j)H SBt «9|H|r iK \«i> U 1-0 \V V Pmseeker The Innovtn* Gott Chit Company fa If you want your golf to look as slick as an Armani suit, then it's time you tried Pinseeker clubs from the USA. Pinseeker are designed to bring out the best
      213 words
    • 163 54 Haute Cuisine, pg 11 Raw-fish rendezvous, pg 12 P- —ibe Lounge ifeM Byk|B S BilfiLr wk en Heart Beat sintjS I your heart SingS too. The very popular Heart Bear is perform nightly except Sundays.) b*k. Singing and strummmg. Soothing So come on in tonight! Usten to the soul Sttutting
      163 words

  • Page 55 Advertisements
    • 123 55 Wl iFa i.Sfaini-jf. "IB -i ns ~*>^IBMHHIHI^HHHHI^BHHII^^^^^^^ Senbazuru sizzles K9I with temptations. mJWM This is the month to feast your eyes and palate on tender, juicy meats sizzling HMRNH^M alongside succulent seafood and fresh vegetables. Our Teppanyaki sets are very delicious temptations prepared in truly authentic style. Choose from our
      123 words
    • 256 55 3b* UU|3j£~ w' V V/ v > fSPBTHu GIORGIO ARMANI 581 Orchard Road #01-11/12 The Shopping Gallery at the Hilton, Singapore 0923. Tel: *****25. M■ ■■•-.> m' w s,v BCrT M :f>'>'.! ~"-:i Ernest Hemingway The 2nd Asia-Mauritius si Deep Sea Fishing Championship. jT Mauritius, December 3rd-6th,1990 V' Nothing can
      256 words

  • Page 56 Advertisements
    • 507 56 L CARRY THE WORLD CARD, AND HOLIDAY WITH THE CONFIDENCE THAT THE WORLD IS IN YOUR HAND. SIGN UP TODAY. WELCOME TO THE WORLD CARD. There are times when you just need to get away. Carrying the World Card gives you the confidence—and the freedom—to be spontaneous. Standard ft Chartered
      507 words

  • Page 57 Advertisements
    • 169 57 Injection. H Digital Display. Wkt's stopping you? Anti-skid Braking VSystem, (abs) i v t S r—i iu m r-« Occasionally a car excites. Really excites. Such a car is this. Unrestrained luxury. Impeccably presented Driving dynamics in shape to impress. A sporting performance trith safety in every mirve. Of course,
      169 words

  • Page 58 Advertisements
    • 119 58 Like the most famous fashion designers, the Saporiti Collection manifests the ultimate in Italian style and prestige. The beauty of the Saporiti Collection is more than skin-deep. Only the finest fabric and the supplest leather are used. In a design where ergonomic appeal complements the aesthetics. THE DESIGN INGENUITY OF
      119 words

  • Page 59 Advertisements
    • 146 59 0- u Other cars have dashboards. ROVERS H/VE INSTRUMENT PANELS. Jp" w t. As soon as you step into the cabin of a Rover, you can see that windows, electric mirrors and a tinted electric sunroof. These disit is not like other cars. It's all a question of standards. In
      146 words

  • Page 60 Advertisements
    • 55 60 N» The 45 minute lunch is now being served. 1 To satisfy today's executive, the Compass Rose introduces the fastest fine lunch in Imaginative daily set menus created with care and flair, taking only minutes to serve so that you and of course the most spectacular 1 views of Singapore.
      55 words

  • Page 61 Advertisements
    • 26 61 Designed for Progressive Individuals, view the latest range of time planners accessories at: A'ZONE 100 Beach Road #02-41 Shaw Leisure Gallery, Singapore 0718. Tel: 747 1447
      26 words
    • 189 61 SUBARU I SUBARU LEGACY. 0 J From now until September 18th, Motorlmage is you an offer you I The Legacy 1 is yours for $73,500. I worries about the COE. No need to search around for an in-car CD player. And, with 500 litres of Formula I Shell, no need
      189 words

  • Page 62 Advertisements
    • 578 62 y GOOD FORTUNE PROSPERITY DEPQSJT WITH x HONG LEONG SINGAPORE FINANCE V TsiATS tVM HOME ONE OR MORE OF MORE FREE GIFTS ITEMS ['Iflitin'l 6mThs~| PHILIPS GIFT ITEMS* and/or M/Jff Better More Prizes In Our Grand Lucky Draw Take home bottles of Otard XO, VSOP Prize: SSHOOO SVtfJOO Thcrmomrt« K
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  • Page 63 Advertisements
    • 18 63 I=AST TUNIS 19 9 O 24, LENG KEE ROAD, SINGAPORE 0315. TEI: *****77 (3 LINES) I AX: 065-*****20
      18 words
    • 95 63 9 9SBK*~ The choice of showbiz stars. Richard Gere in "Pretty Woman" wears Cerruti. Hp (SERRUTIIBBIITUM39 MEN'S BOUTIQUES 83UQITUO0 81/I3M #01 15 Till- Par.-*on, Orchard Road Tel: 235 *>55 #02-54/60 Wisma Ama. Orchard Road Tel: 734 9360 #01-45 Forum Galk-ria, iVharJ Road Td: 733*1882 INDIES' BOUTIQUE HUQITUOO 23iaAJ #02-61 Wisma
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