The Business Times, 20 September 1990

Total Pages: 44
1 44 The Business Times
  • 10 1 Business Times MCI (P) 170/12/89 Thursday September 20 1990 75*
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  • NEWS SUMMARY
    • 38 1 STERLING dived nearly two cents and two pfennigs after the market interpreted comments by Bundesbank president Karl Otto Poehl as meaning there will be a delay to sterling joining the European exchange rate mechanism.
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    • 34 1 IN SPITE OF various refinery expansion plans, Asia-Pacific countries face a potential shortfall in capacity which will make it difficult for them to meet rising demand for oil products Page 2
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    • 36 1 A SINGAPORE academic has advised Asean countries to stick fast to their present export-oriented pattern of industrialisation despite the slowdown in the world economy as a result of the Gulf crisis Page 2
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    • 33 1 INDONESIA will accelerate preparations for the construction of four oil refineries to meet the growing demand for oil products on international markets, says Minister of Energy Ginandjar Kartasasmita Page 7
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    • 29 1 VIETNAM is hoping a new dialogue with the US and progress towards peace in Cambodia will prompt Washington to lift its trade embargo against Hanoi Page 8
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    • 33 1 TRADE MINISTERS of the European Community declared on Tuesday that the Gulf crisis must not be allowed to strengthen protectionist attitudes in the Uruguay Round trade negotiations Page 9
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    • 37 1 PRESIDENT George Bush on Tuesday defended his demand for a capital gains tax cut in any budget agreement with Congress insisting the controversial tax break would spur the US economy Page 9
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    • 30 1 SO MANY assaults have been made on the purity of yoghurt it's enough to make you wonder what the stuff is made of nowadays Page 12
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  • MARKETS SUMMARY
    • 31 1 US BLUE CHIPS gave up initial gains and moved lower in morning trading yesterday. Enthusiasm from Tuesday's slight recovery was short-lived. The Dow lost about three points to 2,568,
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    • 45 1 LONDON share prices were mixed at midday yesterday but were down from earlier highs as the market drifted because of lack of interest. At about 1115 GMT, the Financial Times-Stock Exchange 100share index was up 0.2 point, or 0.01 per cent, at 2,064.2.
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    • 25 1 SCRIPLESS TRADING, the system of doing away with the need to deliver physical share scrip, is fraught with legal difficulties Page 3
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    • 39 1 THE MALAYSIAN stock market has shown unusual resilience in these uncertain times. While the pace of new listings in most bourses has slowed down considerably, the Kuala Lumpur Stock Exchange intends to hasten it.... Page 3
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    • 29 1 INDONESIAN banks continue to flood regional capital markets for funds with Singapore and Hongkong-based banks arranging at least four more loan facilities for them. Page 7
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 601.55 -2.29 Kuala Lumpur ....525.18 -3.25 Hongkong 2,980.95 -15.71 Tokyo 23,726.17 -158.65 Sydney 1,449.9 -23.3 Tuesday Change New York 2,571.29 +3.96 London 2,064.0 -30.3
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    • 21 1 Exchange rates US$ SS 1.7640 Yen SS 1.2797 MS SJ0.6539 Money market rates Overnight 5 1/2 3-montn 6 1/2 3/16
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    • 35 1 London Gold PM fix US$386.50 US$0.50 Rubber S'porcOct l55.50*/kg -0.75 M'sia Oct 239.50«/kg +4.50 KL Tin Turnover I04tonncs +26 Spot MS 15.37/kg unch Crudo palm oil Turnover 383 lots +21 Oct MS675 /tonne unch
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  • 448 1  -  Dip in demand beginning to worry hoteliers By Suzanne Soh LOCAL HOTELS, which raked in over $465 million in room sales at half-time this year, saw in June for the first time in 12 months average occupancy rates of below 80 per cent. This
    Source: STPB  -  448 words
  • 459 1  -  By Sangeeta Mulchand CAUGHT in a double bind of rising costs and falling occupancy, hoteliers in Singapore are beginning to have doubts about their prospects in the longer term. While most agree that the momentum generated before the Iraqi invasion
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  • 304 1 The Gulf Crisis Agencies IRAQI President Saddam Hussein yesterday seized all foreign assets of countries which had frozen its money and property abroad, as the United Nations considered an air blockade to further enforce sanctions. A decree by the ruling
    Agencies  -  304 words
  • 176 1 FEDERAL Reserve chairman Alan Greenspan issued a gloomy assessment of the US economy yesterday, saying that the turmoil in the Persian Gulf had introduced "new and substantial risks" for the prospccts of continued growth. With the economic uncertainty, Greenspan said the Bush
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  • 476 1  -  By Yong Pow Ang PROVISIONS Suppliers Corp (PSQ, finally deciding to brave the Gulf crisis, yesterday launched its public offer of 23.2 million shares at 60 cents apiece 10 cents lower than the price originally proposed. The company's management and the
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  • Page 1 Advertisements
    • 275 1 .WA*vV-AVW^V<vW-W^ Burberrysl s J 7>v*J >> > j < Reigns when it pours WHEN WINKS AND NODS FAIL 10 FROM ARMS TO BABY CARRIAGES 11 EUROPE A MAJOR AD MARKET 12 nifcfyu ocncom c.J woi6y Wafufij cj wono news Conwwdrtm 24 Regional Co News 4 World Stock Markets 22 Cryptic
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    • 36 1 De Cuellar welcomes Iraqi overture, Pg 9 Between-the-lines disaster, Pg 10 Kuwait Airways to resume service, Shipping Times 1 Far East Levingston Shipbuilding (FELS) wins US$25O million Brazilian contract. Full report in Shipping Times, Pg 1
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    • 71 1 r TOTAL TRANSPORTATION SERVICES CROWN&RAfCIFIC 36 Pioneer Rood Singapore 2262 Fax: 862 2840 Tlx: RS ***** CRWNPAC Tel: 861 6818 Profile of PSC, Pg3 true CaniOnese cuisine w i connoisseurs H% prepared it W&fri*zA with a variety of tantahsmg tasto combtruHtm pteces to wbet your appetite^ S^ram/ igj Ttovilioti„*t.u.^t I
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  • HOME NEWS
    • NEWS ROUNDUP
      • 56 2 DUNLOP Aviation (S E Asia) Pte Ltd is actively pursuing its business development strategy of selling non-Dunlop products as well as its own brand of equipment in the *****. It was recently appointed the Asia-Pacific product support centre for FWM, a German-American concern which manufactures and
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      • 104 2 A ONE-DAY seminar on East Germany called "Penetrating the Eastern German Market Economy: Opportunities and Risks" will be held in Singapore on Sept 28. It will highlight the business, investment and trade opportunities available in East Germany after unification next month. The seminar is organised by
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      • 81 2 A TWO-DAY seminar aimed at helping food manufacturers export to the United States will be held on Sept 27-28. Organised by the Singapore Institute of Standards and Industrial Research, the seminar will feature talks by two senior officials of the the US Food and Drug Administration
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      • 55 2 ABOUT 400 representatives from the New Zealand travel trade are expected to attend the convention of the Travel' Agents Association of New Zealand beginning today at the Mandarin Hotel. In conjunction with the five-day event, a pasar malam of more than 100 stalls will be organised
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    • 400 2  -  6th Asia-Pacific Petroleum Conference By Lilian Ang IN SPITE OF various refinery expansion plans, AsiaPacific countries face a potential shortfall in capacity which will make it difficult for them to meet rising demand for oil products. Mr Kiyoshi Takahashi, president of Showa Shell
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    • 482 2 A SINGAPORE academic has advised Asean countries to stick fast to their present export-oriented pattern of industrialisation despite the slowdown in the world economy as a result of the Gulf crisis. Associate Professor John Wong of the Economics department of the
      482 words
    • 272 2 THE NEW Institute of Manufacturing Technology (IMT) will be built at a cost of $32 ;million, disclosed Dr Tay Eng Soon, the Senior Minister of State (Education) yesterday. j He said it will work with the Frauenhofer Institute of Stuttgart, Germany, to develop
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    • 361 2  -  Clearing member fined U5525,500 for late delivery By Conrad Raj THE Singapore International Monetary Exchange has advised its corporate members involved in high sulphur fuel futures to be fully conversant with the rules, as failure to comply with them would make them and their
      361 words
  • Page 2 Advertisements
    • 193 2 Before you buy a dot matrix printer, blow it up. I I vi 1111 IB fH IHI Blr Compare the magnified image of a dot matrix around the same as that of an average dot matrix. So if you printout with that of the new HP DeskJet 500 and Plus,
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 624 3  -  Conference on Regulation of the Markets By Amy Balan SCRIPLESS TRADING, the system of doing away with the need to deliver physical share scrip, is fraught with legal difficulties. Unless new legislation is introduced, investors who deal through the Central Depository System may
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    • 305 3 THE ATTORNEY-General yesterday reaffirmed Singapore's policy of self-regula-tion of the services industry. But this must be within a statutory framework. Speaking to delegates at the conference on Regulation of the Markets, Mr Tan Boon Teik said experience in the US and UK as well as
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    • 282 3  -  By AJ Leow K.EPPEL subsidiary, Singmarine Industries, has landed its largest shipbuilding contract to date worth $52 million from a US-based oil services drilling company. For the whole of last year, Singmarine had total shipbuilding orders of $60 million out of a
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    • 586 3  -  THE HOCK LOCK SIEW COLUMN By Magdalene Ng THE MALAYSIAN stock market has shown unusual resilience in these uncertain times. While the pace of new listings in most bourses has slowed down considerably, the Kuala Lumpur Stock
      586 words
    • 545 3  -  Profile of Provisions Suppliers Corporation By Yong Pow Ang PROVISIONS Suppliers Corporation looks set to become the largest distributor of household goods and foodstuffs in Singapore, supplying not just its 168 Econ Minimart chain stores but also some 1,800 wholesalers and retailers.
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    • COMPANY BRIEFS
      • 70 3 AMBASSADOR Holdings says that subsidiary IV Laboratory Pte Ltd has changed its name to International Vision Laboratories and has increased its stake in the company from 58.3 per cent to 75 per cent through the purchase of 200,000 more shares at par of $1 each. Another
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      • 65 3 TRANS OIL Pte Ltd, a wholly-owned subsidiary of King's Hotel and a member of the Hong Leong stable, has increased its stake in Apollo Enterprises, which owns and manages the Apollo Hotel and shopping centre in Havelock Road. Trans Oil bought 50,000 Apollo shares
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      • 45 3 A SALE OFFER for 8.1 million Kinta Kellas Investment shares by United Engineers (Malaysia) has been oversubscribed by 1.6 times with 6,680 applications for 21.07 million shares. The shares were offered to UEM shareholders by way of a ballot offer.
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    • 270 3  -  From Al O Labita in MANILA FIRST LEPANTO Corp (FLC), First Capital Corp's subsidiary in the Philippines, has received the green light from the Philippine Securities and Exchange Commission to go ahead with its public share offer that will raise 26S million peso.
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  • Page 3 Advertisements
    • 152 3 Hirre Are Hioae Wlio Recognise H»e Craft Of GenJJ Genla. AnJ Tliere Are llwae Who Can Also Afford ll The watchmaking genius of Gerald Genta it encased in every timepiece he designs. Each is a treasure. And each carries his name to hear testimony of his ait. o From the
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 64 4 THE NEW ZEALAND government has sold management rights for 10,803 hectares of forests to a Japanese joint venture for NZ540.55 million. The venture is between Juken Sangyo Co Ltd and Nissho Iwai Corp, Forestry Minister Jim Sutton said in a statement. The trees are in the
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      • 69 4 AUSTRALIAN food company Arnotts Ltd has set the stage for future profit growth with strategies aimed at improving its core biscuit businesses, managing director Sandy Dawson said. The company earlier reported a 4.1 per cent rise in net profit to A 547.22 million in the year
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      • 90 4 JAPANESE trading houses Mitsubishi Corp, Marubeni Corp, and C Itoh and Co Ltd plan to bid for contracts to build a fertiliser plant in China, a C Itoh spokesman said. Bidding on the Wei He Fertiliser Plant near Xian is expected to begin by the
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      • 37 4 SSANGYONG Motor Co, the sole producer of four-wheel-drive jeeps and special-purpose vehicles in South Korea, plans to ship 20 vehicles to Poland in October as samples for future sales, a Ssangyong spokesman said.
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    • 626 4 Reuter AUSTRALIA'S rich, self-as-sured, but inexperienced media moguls have become an endangered species after a series of financial crises. Among -them, Alan Bond, Christopher Skase and Warwick Fairfkx in the past 18 months have all rued their decisions to spend fortunes on media empires just months
      Reuter  -  626 words
    • 311 4 Reuter BURNS, PHILP and Co Ltd said it was cautious about future profit growth after posting a 2 per cent rise in group net profit to A 553.87 million for the year ended June 30. "In the present adverse economic climate in Australia and
      Reuter  -  311 words
    • 245 4 Reuter CALTEX PACIFIC Indonesia, the biggest oil producer in Indonesia, has begun negotiating the extension of its contract even though it does not expire until 2001, Mines and Energy Minister Ginanjar Kartasasmita said. He told parliament Caltex's Minas field in east Sumatra,
      Reuter  -  245 words
  • Page 4 Advertisements
    • 271 4 GOOD IDEAS KEEP COMING UP Our Rotating Cassette can turn up big copier savings; Jm W /i^^i I We know how frustrating copying Non-Stop Copying for huge volumes. Other features include: Dual Page Copy can be sometimes. Photo Mode 151-step zoom from 50% to Especially when you're changing the If
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    • 15 4 I Managers mustl manage. BT j shows you how j every Monday, j iiJ j
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 92 6 FRANCE'S state-owned steel group Usinor Sacilor has completed the purchase of US steel stockist Alloy and Stainless for undisclosed terms, company sources said. Usinor said in April it was interested in Alloy and Stainless, which had 1989 safes of US$66 million. On Sunday, Usinor
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      • 99 6 UNITED Employee Acquisition Corp remains committed to buying UAL Corp but some analysts are doubtful directors will accept a lower offer. "Employees have not wavered in their desire or efforts to bring an employee ownership transaction to United," said United Air Lines' pilots union spokesman
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      • 105 6 EMERSON Radio Corp announced on Monday that it had formed an intricate alliance with Fidenas Investment Ltd, a foreign investment group that is the company's largest outside shareholder. The deal calls for the creation of a joint venture to distribute Emerson's products in Europe and
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      • 89 6 FRENCH leisure group Club Mediterranee is talking to American Express Co about possible links between the two companies, Cub Med finance director Vincent Grimond said. "The current talks do not include any financial dimension," he said, adding that they were in their final stage.
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      • 113 6 EASTERN Airlines cleared a critical hurdle on Tuesday in its attempt to reorganise under bankruptcy laws by reaching an agreement to have Pension Benefit Guaranty Corp, a federal agency that oversees pension plans, take over the payment of the retirement benefits of Eastern employees. But to
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    • 768 6 NYT NCR CORP's sweeping new computer line will pit the computer maker against some of the industry's hot shots, but analysts said it must take risks to boost its slow sales and become a major powerhouse. "You have nothing to
      NYT  -  768 words
    • 508 6 Reuter THE BLACKSTONE Group LP said it is holding talks with a major West German financial institution over a joint venture for cross-border transactions similar to those already established with Financiere Indosuez in Paris and JO Hambro Magan Co in London. "Negotiations on a similar
      Reuter  -  508 words
    • 433 6 FT THE FRENCH Cabinet is due to adopt wide-ranging proposals to make it easier for private operators to compete in the telecommunications equipment sectors. The proposals redefine for the first time since the 19th century the country's telecommunications sector which has
      FT  -  433 words
    • 615 6 Reuter ITALLAN tyre conglomerate Pirelli SpA will not buy any more shares in its intended West German partner Continental AG on top of its current 5 per cent stake, a board member said. "Pirelli will not expand its stake in Continental for
      Reuter  -  615 words
  • Page 6 Advertisements
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  • FINANCIAL NEWS
    • 372 7  -  By Quak Hiang Whai INDONESIAN banks continue to flood regional capital markets for funds with Singapore and Hongkong-based banks arranging at least four more loan facilities for them. By now, most of these Indonesian borrowers have already made their second, or even third
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    • 301 7 AP CHEMICAL BANK will shut its Tokyo and Geneva securities offices by the end of the year and close its Chemical Securities Co division, company officials said. Robert Corcoran, general manager for Japan and Asia for the US bank, said the bank's securities operations
      AP  -  301 words
    • 556 7 Bank Duta scandal Reuter A RASH of bad news, culminating in revelations this month of a trading scandal at well-connected Bank Duta, is making life hard for Indonesia's booming private banks. "There's a continuing reassessment of risk. That's a nice diplomatic way of putting
      Reuter  -  556 words
    • SMALL CHANGE
      • 67 7 TOP Bundesbank officials reiterated the central bank's cautious approach towards European Monetary Union (EMUX firing another round of warning shots against a headlong rush towards monetary union. Just 24 hours before the Bundes- bank outlines its position on monetary union at a news conference, central bank
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      • 82 7 STRICTER management of world financial markets is needed to prevent the volatility which has been promoted by the globalisation of finance and government deregulation, the United Nations Conference on Trade and Development; (Unctad) said. In its 1990 Trade and Development report, the agency noted that the
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      • 106 7 MALAYSIAN interest rates are not likely to rise very much above current levels and deposit rates in particular shouldlevel off at an average of 6 per cent in the near term, Malayan Banking Bhd executive director for operations Haji Ismail Zakaria said. He added
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      • 90 7 BANCO do Estado de Sao Paulo SA (Banespa) said it opened a representative office on Tuesday in Moscow. "We are the first Latin American bank to open an office in the SovietUnion," a Banespa spokeswoman said. "We are opening the office to take advantage of the
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  • Page 7 Advertisements
    • 93 7 LIQUIDATION SALE OF PERSIAN RUGS Due to the current situation in the Middle East, our suppliers have pressured us to conduct an immediate liquidation sale of stock to raise cash So, here's an opportunity to pick the best at bottom prices! LAST CHANCE! GOODS NOT SOLD WILL BE SHIPPED BACK
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    • 59 7 A m M eh if 1 w TASTE The pleasure of a stimulated palate The flavour of Shang Palace. 1T?1»*T f JL Enter the moongate, enjoy the finest service and taste g authentic Cantonese cuisine. 9 Shangri-La hotel Call 734 4805 or 737 3644 exm 1954 for reservations. SINGAPORE $bang
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  • Page 7 Miscellaneous

  • THE REGION
    • NOTE BOOK
      • 83 8 A VIETNAMESE trade delegation will arrive in South Korea on Sunday to discuss bilateral trade issues between the two countries, the first such mission since the Vietnam War ended in 1975. A spokesman for the Korea Trade Promotion Corp (KOTRA) said yesterday that
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      • 51 8 SOUTH KOREAN President Roh Tae-woo named three new ministers in a Cabinet reshuffle. A presidential spokesman said the reshuffle, which affected the construction, agriculture and environment ministries, is intended to accelerate recovery from last week's floods, which killed at least 127 people, and to strengthen agricultural
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      • 55 8 PHILIPPINE Budget Secretary Guillermo Carague has suggested a negotiated write-off of interest payments on Philippine commercial debt for at least five years, saying the country cannot afford to pay. He told a Senate committee hearing the write-off will mean a saving of 18 billion
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      • 98 8 HONGKONG, which earned HK571.87 billion from textile exports last year, expressed dismay that the US House of Representatives passed a bill limiting the import of textiles, garments and footwear. The bill would limit garment import growth to one per cent in 1990. "The world looks
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    • 399 8 INDONESIA will accelerate preparations for the construction of four oil refineries to meet the growing demand for oil products on international markets, says Minister of Energy Ginandjar Kartasasmita. According to a report in the Jakarta Post, the minister said the world now
      399 words
    • 171 8 THE Indonesian government has ordered at least 20 construction firms to scrap their projects for various violations. "They built without licences or deviated from the original plans," Ery Chayaridipura, head of the Jakarta Development Control Agency, said. According to a report in the Jakarta
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    • 515 8 Reuter VIETNAM is hoping a new dialogue with the US and progress towards peace in Cambodia will prompt Washington to lift its trade embargo against Hanoi. The embargo has had a huge effect on Vietnam's economy, depriving it not only of US trade,
      Reuter  -  515 words
    • 397 8 THE Thai government will have to shoulder excessive risks if it awards two major infrastructure concessions for the installations of three million new telephones to a single group of companies, a top business executive warned. The Nation reported that the warning came after
      397 words
  • Page 8 Advertisements
    • 177 8 Reverso. Avant-garde since 1931. f -an JyyH tjX 'm 1 an ingenious idea FROM THE SWISS MASTER WATCHMAKERS WITH OVER 150 YEARS OF TRADITION: THE REVERSOS CASE TURNS INTO AN EXQUISITE PIECE OF JEWELLERY IN THE TWINKLING OF AN EYE. cSL. «Jaeger-leCoultre> SOI F AC-FWT DISCO SA DESCO SINGAPORE PTE
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    • 77 8 JJc HEAVEN EARTH 7NGEOMANCY CENTRE \i Experienced YkJing reader reads "FENG SHUT in accordance wtt the theory of the book of changes and the naturals! theory of five states of changes. Services available for owners of Commercial, Industrial ft Residential properties. K& A 1 HEAVEN EARTH GEOMANCY CENTRE Geomancer: Mr
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  • THE WORLD
    • 420 9 Fears of sharpening differences with US FT TRADE MINISTERS of the European Community declared on Tuesday that the Gulf crisis must not be allowed to strengthen protectionist attitudes in the Uruguay Round trade negotiations. At their informal meeting in a former
      FT  -  420 words
    • 350 9 The Gulf crisis Agencies UN SECRETARY General Javier Perez de Cuellar said on Tuesday night he would consider "very, very carefully" any invitation from Iraqi leader Saddam Hussein to go to Baghdad to negotiate a peaceful settlement to the Gulf crisis. He said on ABC
      Agencies  -  350 words
    • 200 9 Reuter THE US ECONOMY, jolted by events in the Gulf, faces its worst bout of inflation in nine years. But the nation's central bank is constrained in what it can do to combat the problem. The Federal Reserve, America's chief inflationfighter, normally would
      Reuter  -  200 words
    • 327 9 PRESIDENT George Bush on Tuesday defended his demand for a capital gains tax cut in any budget agreement with Congress insisting the controversial tax break would spur the US economy. Changing the capital gains tax law has become a major stumbling
      327 words
    • WORLD WATCH
      • 66 9 THE CHAIRMAN of the South Pacific Forum, Vanuatu's Prime Minister Walter Lini, yesterday described a bitter attack on the US by Forum secretary-general Henry Naisali as unauthorised and undiplomatic. Mr Lini, who is in Japan, said he was "deeply concerned" about Mr Naisali's
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      • 68 9 AMERICA, Western Europe and Japan should cooperate to reduce instability on financial markets, which is devastating poorer countries by pushing up interest rates, UN report said yesterday. Analysts at the UN Conference on Trade and Development also said higher oil prices caused by the Gulf
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      • 68 9 JAPAN'S Fair Trade Commission (FTC) has drafted a list of guidelines for importers, as part of an effort to reform Japan's distribution system and business practices, many of which have been criticised as barriers to market access. The FTC clarified the criteria for applying the Antimonopoly Law
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      • 59 9 THE EUROPEAN COMMUNITY unblocked a trade and cooperation accord for Romania that it froze after violent demonstrations in June. The deal was initialled just a week or so before opposition protests were violently put down. But the EC refused to sign it, in line with its
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      • 44 9 POLAND, Bulgaria and Romania have asked Japan, for financial assistance to compensate for losses they claim to have suffered following UN sanctions against Iraq. The three countries claimed to have each suffered a loss of US$l billion following Iraq's invasion of Kuwait.
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    • 305 9 FT THE US Commerce Department has brushed aside explicit objections by the Pentagon and approved as many as 14 export shipments to Iraq between 1985 and 1990 that directly helped Baghdad's development of nuclear, chemical and ballistic missile capabilities. According to documents
      FT  -  305 words
  • Page 9 Advertisements
    • 482 9 Oxford Business Group Ltd UNMCEBTAOITT EUROPEAN CHANGE AND SOUTH EAST ASIA Mandarin Hotel, Singapore 27 September 1990 THEME AND OBJECTIVES SPEAKERS The conference will provide an independent and critical review of the The speakers are experts closely involved in European developpolitical and economic changes now transforming Europe and their ments
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  • 453 10 EDITORIAL It is understandable that the Stock Exchange of Thailand wants to formalise trading of Singapore and other regional stocks on its floor. With a world made smaller by technology and the instant flow of information, Thai investors will be looking for opportunities outside their country
    453 words
  • WHAT THE OTHERS SAY
    • 214 10 IRAQI President Saddam Hussein's threat to obliterate Israel with chemical weapons is a stark reminder to the Jewish state that it remains the ultimate target of Baghdad's assertiveness. In the charged weeks since the Iraqi invasion of Kuwait, Israel's problems have grown more complicated. Lieutenant-General Dan
      214 words
    • 133 10 THE RENEWAL of relations between Saudi Arabia and the Soviet Union after a 52-year break should be seen in three different perspectives the bilat- eral, the regional and in the context of the Gulf crisis following Iraq's invasion of Kuwait. The changing internationaJ scene, the rising tide
      133 words
    • 132 10 IT WAS a resolute decision to change a centrally planned economy that has existed for decades into one with free competition, all within 500 days. But the question remains whether President Gorbachev can continue to cope with the problems of soaring prices, massive unemployment and social
      132 words
  • REGIONAL VIEWPOINTS
    • 190 10 ONE OF the most important developments arising from Iraq's brutal conquest of Kuwait was the unified voices against it. These included for the first time in recent Middle East disputes, that of the Soviet Union. Moscow was as quick off the mark as any nation in
      190 words
    • 135 10 THE MAJOR international sports event in China, the 11th Asian Games, will be opening in Beijing on Saturday with the Chinese anxious to make it a tremendous success despite all constraints standing in their way, including the delicate issue of whether or not Iraq will
      135 words
    • 171 10 TELEVISION VIEWERS cannot be blamed for becoming sceptical that the cable medium can ever live up to its billing. Thirteen months after the exclusive franchise was granted to the Hongkong Cable Communications (HKCQ consortium, there has been little tangible result as the partnership is beset
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  • 821 10  -  Flora Lewis on the between-the-lines disaster in the Gulf Flora Lewis NYT THE Persian Gulf crisis has already directly affected the lives of well over a million people refugees, hostages, military personnel, residents of occupied Kuwait. Many hundreds of millions more are or will
    NYT  -  821 words
  • Page 10 Advertisements
    • 230 10 AT SHERATON LITTLE THINGS MEAN A LOT AT SHERATON LITTLE THINGS MEAN A LOT •AT SHERATON LITTLE H H < X z o z z I n% m > -4 o 2 -4 x z o > z When you visit a country as guest is greeted with a warm
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  • Page 10 Miscellaneous
    • 35 10 DOONESBURY BY GARRY TRUDEAU CORPORAL! SORRY MM YOUR um* RS&- 5/x SIX6AUONS* 7uar<; pimajy GOT A MIN- tMBemZ MBN* WHAT ARB WRZI9SUEP OOUU? BB LTTBTOTMK itjMYmmk YOU GUYS ON, AMI SiX6AUONS CORRECT. AJTOKi f&tw AHVHJAY*
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  • ANALYSIS
    • 878 11 The Australian prime minister has been described as a man with the common touch. But he is losing mass support NYT PRIME Minister Bob Hawke, who won election to a record fourth term just last March, is now facing tough economic problems and sharply
      NYT  -  878 words
    • 1099 11  -  Harish Mehta on the problems plaguing Moscow and Beijing in their bid to convert their defence industries into civilian ones Harish Mehta THE transition from manufacturing gun carriages to baby carriages sometimes pleases neither generals nor babies, as Moscow and Beijing are now discovering. Efforts
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    • 766 11  -  William Kazer reports on Shanghai's securities industry William Kazer Reuter IN THE heyday of economic reform, stocks and bonds were touted as a symbol of China's willingness to risk bold change of its trusted socialist ways. If its most radical reformers were to be
      Reuter  -  766 words
  • Page 11 Advertisements
    • 88 11 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS 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 at
      88 words

  • ADVERTISING & MARKETING
    • 407 12 NYT ROY BOSTOCK, the chairman and chief executive of United States-based D'Arcy Masius Benton Bowlesi, is setting up a new office for himself in London. "Europe has become so important to us that it is imperative that I get to know our
      NYT  -  407 words
    • 333 12  -  By Sangeeta Mulchand lOCAL advertising agency Eureka Adver--J tising has hired two ex-Batey staff to take up top creative positions with the agency to better service clients. Lau Fook Lcong will be Creative Director (Art) while Serene Goh will be Creative Director (Copy). The two
      333 words
    • 431 12 AP. A MAJOR Japanese company has begun marketing something consumers have long awaited a video cassette recorder that automatically cuts out commercials. Even the maker's own. And while sales have been good, the product has raised the ire of Japanese television networks,
      AP.  -  431 words
    • 259 12 ITALIAN fashion designer Romeo Gigji is nosing out the $2 billion market for fragrances here with his first scent, Romeo. Gigli, whose fashion lines have already found its way into the Singapore market, is now using the island republic as the launching pad for
      259 words
    • 431 12 THE I—ttate for Into national Research is sponsoring a conference entitled "Mating Public Relations and Corporate Sponsorship Pay". The conference will be held on Sept 24-25 at the Dynasty Hotel Singapore, and on Sept 26-27 at the Pan Pacific, Kuala Lumpur. It will centre around four themes: managing
      431 words
  • Page 12 Advertisements
    • 62 12 C "v, o; is now being served, ■Pk ■B^B§e: To satisfy today's fast paced W executive, the Compass Rose F W introduces the fastest fine lunch in and of course the most spectacular views of Singapore. A la carte menu also available. Set lunch: $38+ Nothing tops the Compass Rose
      62 words
    • 40 12 L 1 -*'-'"1 LISTED Ljj I It'* a new concept in dining from the Terazza at Sheraton lower*. A la m carte dining at a guaranteed price. TERAZZA 4% At Sheraton Towers, )9 Scorn Road, Singapore 0922. Tel: 737 6SM.
      40 words

  • SPORTS
    • 371 13 Rising star Jean Alesi to replace retiring Nigel Mansell AP FAMED ITALIAN race-car maker Ferrari on Tuesday signed rising French star Jean Alesi for the 1991 Formula One Grand Prix season, replacing Briton Nigel Mansell, who will retire at the end of the year. Alesi,
      AP  -  371 words
    • 310 13 AP THE EUROPEANS may have an early edge going into next year's Ryder Cup golf tournament. Both American captain Dick Stockton and his British counterpart Bernard Gallacher agreed on Tuesday the seaside course being buih for the event had more in common with
      AP  -  310 words
    • 266 13 AP THE FIELD of challengers for the 1992 America's Cup has been rounded out at 12 syndicates from a record 10 nations with the late addition of a Soviet group. Eleven challengers had posted the required USS 150,000 performance bonds by the
      AP  -  266 words
    • 443 13 AP PEOPLE; in Melbourne's City Square booed and government officials cried "no fair" and called the Olympics the "American Games" on Tuesday night, reacting to the decision to award Atlanta the 1996 Summer Games over Melbourne and four other cities. "It's not fair Melbourne had
      AP  -  443 words
    • 257 13 AFP BRITAIN's former world snooker champion Steve Davis has heralded the new £1 million World Masters as "the tournament to win in 1991". But in spite of the record £200,000 first prize on ofTer to the winner of the men's open singles, current king
      AFP  -  257 words
    • SIDE LINES
      • 62 13 TOP SEED Conchita Martinez of Spain downed Karine Quentrec of France, 6-1, 6-3 on Tuesday in the fir* round;» match of the US$l5O,OOO Calrins Open women's tennis tournament Ranked 10th in the world, Martinez was to face Nathalie Herreman of France in the
        62 words
      • 88 13 HEAVY STORMS have turned the 2,000 km Rally Australia course into a quagmire of mud and water two days before the start of the world championship event. Dirt tracks along the forest course, which travels through the south-west of Western Australia state, also have been rutted
        88 words
      • 74 13 JOSE MARIA OLAZABAL's victory in the Lancome Trophy golf tournament in France moved him up from fourth to third place on the PGA European Tour money list Olazabal's one-stroke victory over Colin Montgomerie earned the Span- T iard nearly U*****,000 and boosted him to U*****,776
        74 words
      • 57 13 ENGLAND will host World Cup soccer finalist Argentina next May 21 at Wembley and then the Soviet Union five days later, English Football Association officials said on Tuesday. As part of a triangular competition, Argentina also will play the Soviets at Old Trafford, Manchester, on an at
        57 words
      • 122 13 A GOLFER in Illinois died after being stung inside the J mouth by a bee that was in his beer bottle. Officials said:' Elmer Kurzka, 60, apparently suffered an allergic reaction to! the sting, but were awaiting the results of toxicology tests to; be sure. He was
        122 words
      • 42 13 KING'S Snookerium Management Pte Ltd has come up wid(« a new concept for snooker fans in Singapore Time Partnership. The offer is available to companies, recro%* at ion/sports clubs and individuals. Interested parties should* call Miss Rafiah on 222-6111.
        42 words
  • Page 13 Advertisements
    • 69 13 KUOK (SINGAPORE) LIMITED 5550,000,000 Guaranteed Floating Rate Notes Due 1993 In accordance with the provision of the Notes, notice is hereby given that for the six month period from 20th September 1990 to 20th March 1991, the Notes will carry a rate of interest of 7.75 per cent per annum
      69 words
    • 83 13 i KLM's worldwide network. Stretching across continents. Linking more than 140 destinations in 77 countries, with still more to come. With friendly and reliable service in the air and on the ground. Helping the business traveller make the right connections. Leaving for Europe 7 days a week. Test us, try
      83 words

  • Page 14 Advertisements
    • 178 14 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some like it hot H ijl Spicy Szechuan dishes served at lunch and dinner dailv in the cool, inviting atmosphere of Szechuan Coun. l > Reservation, 330 8310 or 338 8585 ext *****/6. JSn
      178 words
    • 327 14 mwt Regency sngm^ore PTOUOIY PRESENTS The Best of the BARRON KNIGHTS THE VERY SUCCESSFUL INTERNATIONAL COMEDY ACT MONDAY. 1 OCTOBER 1990 TUESDAY. 2 OCTOBER 1990 at the Crystal Ballroom. 2nd floor DINNER AND SHOW $65.00 NETT PEP PERSON CONCERT $30.00 NETT PER PERSON (UMTED SEATS ONLY) Pre-dlmer cocktaHs 7.30 pm
      327 words
    • 288 14 Everything's fresh about usCyj r a month's renovations, set to serve you era Count on our "new" menu, fine service, cay Vii ambknee and new valuc-fr-/J' money set menus, fe's worth A a taste! Enjoy 25% off weekend hinch carte orders. rB **S S SUKXtO-THOITK L|3 owewamwewoff cyl Plaza Hotel
      288 words
    • 202 14 We VE JUST BRED A NEW WINNER at The Stables The Businessmen's Derby Lunch 0y A dciecuble chokt of appetisers and soup, -i i f$T r Hi.-,. .4 >- i .j, .< ii 1 7'/Q/i followed ootciy by your pick from rtvc acupcmi (§\o>£p main dishes and a selection of
      202 words
  • Page 14 Miscellaneous
    • 494 14 TELEVISION AND RADIO I 9.35 Tlm m«vk Skew Driving I SJO AMa aai tfca Olpwlii. I mjnuece AW PAO*O A driving lesson .JSS .~~a~rr- SS:SI. Deeds. In a doomed attempt 10JO Tlaraday Faatara Spadal «j§ VW Sad (Religious pro- >S ajw Finanriil News Sthf 6 R Burglar (See Our ChoKe,
      494 words

  • LIFESTYLE
    • 1233 15  -  So many assaults have been made on the purity of yoghurt it's enough to make you wonder what the stuff is made of nowadays. Marian Burros reports. Marian Burros NYT Yoghurt has been called everything from the fountain of youth to the world's first
      NYT  -  1,233 words
    • 355 15 Twenty years after his death, Jimi Hendrix fans are still keeping their idol's memory alive AP THEY don't come in large numbers at any one time, but they come. Some bring guitars or flowers, and some spend time at his grave, strumming. "The crowds here
      AP  -  355 words
    • 524 15 CHATTERBOX FILMING began on Tuesday on The Dark Wind, based on a novel by Tony Hillerman, but Robert Redford's production team is still in the middle of a controversy between officials of the Hopi Tribe and religious tribal leaders of one village. The tribal
      524 words
  • Page 15 Advertisements
    • 288 15 AND ENTERTAIN Yamagata Beef. The Exquisite Taste Of Japan. LUNCH U NOON iDzism OMNOL 4.30PM TO uupm. VCOALTfmNYAU «T LUNCH «UJO~ Now you can enjoy one of the world's finest beef at the Yamagata Beef Promotion in Unkai Japanese Restaurant. Only from September 11 to 28. A@ Century Park Sheraton
      288 words
    • 97 15 TnAII/ JL Restaurant and 1 I lm/% Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Shashlik A La Troika Borsch Baked Alaska HAPPY HOURS $12.00 ONLY Restaurant Hours Lunch: Karaoke Hours Mondays to Saturdays Daily: 1130 am to 130pm 7.00pm to 2.00 am Ssaar sag 133 Cecil Street #18-00 (Whole Floor)
      97 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4453 16  -  By Quak Hiang Whai A LACK of buying interest amid the current stalemate in the Gulf crisis sent Singapore share prices lower again yesterday for the third consecutive day this week. Trading volume on the local bourse was at a dismal low yesterday
      4,453 words

  • 4182 17 Main Board SIA Foreign 1460 +20 +1.4% Juroog Ship SO* 565 +13 +2.7% Isetan 50* 650 +10 +1.6% CHJE 635 +10 +1.6% C Properties 590 +10 +1.7% OCBC 735 +5 +0.7% SPH 675 +5 +0.7% UOB Foreign 560 +5 +09% Keppel Fin 50* 155 +5
    4,182 words

  • BT SHARE INFORMATION SERVICE
    • 111 18 CaapMi Mi Ymt 6tm9 Nat Net Mtiriap fimt mm to pradt/toM (L) par sfcara dfrtoaiwl (•000) (caate) S J Cement Sep 10 Mar 90 11.771 (J1.019L) S.O(-) 25(05) Per Mm Sep 8 Mar 90 M*4,1261 ($2.5641) SH Dredg Sep 8 Mar 90 M$72S(S3.907L) 0«(-) 2(1) MC8M*s Sep 5
      111 words
    • 987 18 Cwrwrt Ex BMks Date T«tel far Tctei far piymut dst# elm psysMo tlM ytir test ysir Alei Mdp 6% Aug 28 Sep 7 Sep 26 6* 6% MOB 2.5% Sep 14 Sep 28 Oct 27 2.5% 2% MM lOt Sep 21 Oct 5 No* 1 10% 75%(a) Mm
      987 words
    • 175 18 Cinpaay Bat* Yaar Craap pra-tax Net Minings Crass mm te pratlt/lass (L) par shara 4Mdaa4 (•000) (cants) UAC Sap 17 Jun 90 MJ20,781 ($12,989) 24.1(18.5) 20(18) First Capital Sep 14 Jun 90 S19.147($12.618j) 7.2(5.4) 1(1) FN Irs Sap 12 Jun 90 A*31.642(|95.950) 8.0(27 1) 90(90) Karnyan Sap 5
      175 words
    • 574 18 Vmcmtn Stocks Last Full Yaar Cempany ParW1 Date Tur It EPS Sum Nat —■»< «*l (c«b) *r praM w ywr (TM) leant Mat Menm Mar 30 Ok 89 5351(h) AM Menm Aug U Dec 90 4.6 10.0 9.180 Uvea Ni Mm Mil Ok 90 4 0 2.1 3,471(0
      574 words
    • 273 18 Cwpt Date Half-yMr Grwip prt-tex Inter** mm te prvflt/tou (L) dividend COM) COL Hot* Sep 15 Jun 90 HKJ8.0601 City tor Sep IS Jun 90 $28,955($22.197) Inchcape Sep 15 Jun 90 $56.93«($57.742) 10(25) Kinfs Sap 15 Jun 90 $4,292($4.832) Hanmau Sep 14 Jun 90 $684($1,798) Hind Hot* S«p
      273 words
    • 666 18 BONDS, LOANS WARRANTS CMpny GMNMIM pvW OmmhIM tow fv MM rivi C4C III Mm 26/4/93 1 warrant pin gj cart Caaaway lean fimiiij 11 2/10/89 Id 20/10/94 1 warrant ptusjl cart orl warrant plus SI aoaual amount of toa stocl OMNpIMM Ohm Hp IN March 87 to 31/12/91 1.55 warrants
      666 words
    • 234 18 Sep It DBS Lad LM's wholly-owned subsidiary, National Engineering Services, is forming a new joint venture company Nestech Pte Ltd, with Jurong Town Corporation's subsidiary Technology Parks, to develop a hi-tech industrial park on a 30,667 sq metre site in Jurong. Overseas UMn Enterprise Lid's wholly-owned subsidiary. Mandarin
      234 words
    • 428 18 Company Rights Issue MusfcW OiTfw One-tor-one M$0 80 per start Rights issue oI $1.00 nommal amount _i COf W 11 J <Hn rL Of j Keoeemao* unsecureo loan mock 1990/1995 with one Transferable Sutecnpton rights for every two eust** stares held. Ex4ale Aug 23 Books dose; Sap 6
      428 words
    • 127 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 19* 1* 1435.43 (16/7/90) Jg |«JjJ (27/3/90) 1990 tar 1084.43 (23/8/90) [2 Si 11? /S(v2! ****** 1322.00 (28/12/89) }J® J? 2 2! 190 tar 917.42 (4/1/89) [J® J* J®"® J/Jffl 19SS I* 1043.86 (8/8/88) [J J* 190 Inr 737 83 (4/1/88)
      127 words
    • 489 18 Company Rights Issue Mean One tw two (a, MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares ot MSO 10 each at MSI per share with 10m detachable TSR MM" One tor tour MS? 00 per share Cartway M* Capital reducbon scheme to reduce par value
      489 words
  • Page 18 Advertisements
    • 100 18 Property The. property market has been forging ahead in the past two years. The question now is, will it hold? Business Times special supplement on property and construction looks at the trends in the residential, commercial, industrial, retail and hotel sectors. With Singapore companies looking further afield for opportunities, we
      100 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3747 19 Bernama SHARE PRICES in Kuala Lumpur closed lower yesterday after earlier gains were erased on lack of followthrough support as investors became nervous amid falls in Tokyo and other East Asian markets. The KLSE Composite Index ended 3.25 points lower at 525.18
      Bernama  -  3,747 words
  • Page 19 Advertisements
    • 94 19 HONG KONG INTERNATIONAL TOYS AND GAMES FAIR '91 CALLING AU BUYERS: DON'T MISS ASIA'S LARGEST TOYS AMP GAMES FAIR! With 400 international exhibitors, including the biggest names in the business, this show is a must. All the newest and best toys and games from around the world will be on
      94 words

  • TOKYO STOCK EXCHANGE
    • 2261 20 Reuter TOKYO STOCKS closed down, with the benchmark Nikkei slumping 158.6S points to a new 1990 closing low of 23,726.17. Thin volume made for a day of relatively volatile trading, with the Nikkei moving in a 400-point range through both positive and negative
      Reuter  -  2,261 words
  • STOCK EXCHANGE OF HONGKONG
    • 2327 20 HONGKONG stocks yesterday showed no resistance to the gloom emanating from the Gulf and slumped to their fifth consecutive loss in the thinnest turnover for nearly two years, brokers said. "It fell simply because no one was interested. It's almost impossible to
      2,327 words

  • REGIONAL STOCK MARKETS
    • Aussie stocks in sharpest fall in 10 days
      • 936 21 PROGRAM trading and across the board selling in major stocks saw the Australian sharemarket suffer in sharpest fall in 10 days with the all industrials index plunging to its lowest level this year. Brokers said continuing investor nervousness about the Adsteam group of companies created nervousness throughout the market
        936 words
      • 686 21 AN EARLY rally by Thai stocks was offset by concerns about high oil prices, rising local interest rates and tight liquidity in the Thai money market, brokers said. The SET Index closed 1.30 points down at 686.63 in thin trade. Siam Cement fell 40 baht to 4,886, Siam City
        686 words
      • 499 21 A TECHNICAL rally by an oversold market yesterday lifted Philippine share prices, arresting a slide that brought the Manila composite index to a 40-month low on Tuesday. Brokers said the depreciation of the Philippine peso against the US dollar, the rash of bombings and uncertainty about the future of
        499 words
      • 340 21 TAIWAN stocks gained in the opening minutes yesterday but the index was soon pulled down because of worries about rising international oil prices, dealers said. The weighted index lost 132.38 points, or 4.02 per cent, to finish at 3,159.27 compared wilh Tuesday's 3,291.65 close. Turnover fell to NTS 16.1
        340 words
      • 801 21 SEOUL stocks rose in mixed trading as investors reacted with cautious enthusiasm to government measures aimed at spurring buying, brokers said. The composite index closed at 592.80, up 3.38 points from the previous session. Turnover was a moderate 191.2 billion won compared with 132.7 billion in the previous session.
        801 words
      • 573 21 THE Jakarta stock index fell further, to 507.07 from Tuesday's 515.14, and turnover dropped to 1.83 million shares from 2.24 million. Holding company Astra International and cigarette producer Sampoerna dominated the regular market, with 315,000 and 247,000 shares respectively changing hands. Astra closed unchanged at 22,500 rupiah but Sampoerna
        573 words
      • 297 21 NEW ZEALAND shares ended slightly down on low turnover but the outkxAc remained cloudy. The Barclays Index estimate ended just 2.02 points lower at 1,536.58. It closed 21.86 points down on Tuesday, also on low turnover, after doubts about Monday's wage agreement between the Council of Trade Unions
        297 words
      • 88 21 Close Previous Set 19 SYDNEY All Ordinaries Index 1449.9 1473.2 -23.3 All Industrials Index 2146.9 2180.3 -33.4 All Resources Indc* 905.2 920.5 -15.3 Turnover (million) 73.39 76.82 -3.43 BANGKOK SET Index ***** 687.93 -1.30 Turnover (nearest '000) NA 7,875 JAKARTA Composite Index 507.07 515.14 -8.07 Turnover (nearest '000) 1.83 2.24
        88 words
      • 359 21 la local camncy la SS la USt day year day year day year Sep 18 ladcx chaajc chaagc chip chaaft change Agp World 358.6 -1.1 -22.9 -I.I -24.9 -1.1 -19.1 $EAFE 482.3 -1.8 -29.2 -1.4 -28.9 -1.4 -23.4 Europe 375.9 -1.3 -16.6 -0.6 -11.7 -0.6 -4.9 Pacific 800 5 -2.3
        359 words
  • Page 21 Advertisements

  • WORLD STOCK MARKETS
    • Dow firms after a roller-coaster session
      • Article, Illustration
        1150 22 WALL STREET stocks closed mixed on Tuesday on improved trading volume after a roller-coaster session that saw blue chips slide as much as 34 points in the morning and rebound 11 points in late afternoon. Hopes of an imminent US budget agreement, bond market gains and technical buying
        1,150 words
      • Article, Illustration
        921 22 LONDON shares staged a cautious rally yesterday at the opening on relief at Wall Street's recovery on Tuesday. By 1215 GMT the FTSE 100 was 0.1 point down at 2,063.8, though dealers said turnover was being boosted by a reasonably large two-way programme trade from County Nat West. By
        921 words
      • 262 22 DUTCH shares continued lower in stagnant early afternoon business yesterday as uncertainty over the Gulf crisis kept the market deadlocked, dealers said. "Everybody is waiting for everybody," Fokke Kerkhof of Bank Insinger de Beaufort said. At 1205 GMT the CBS all-share index was 0.6 points lower at 99.2. Dealers
        262 words
      • 176 22 BELGIAN shares declined at the start of trading yesterday on gloom about the Gulf crisis and on position squaring at the end of the current 14-day trading account. Volume was low, however. "There is no visibility on the Gulf, there arc fears of recession and of higher oil prices,"
        176 words
      • 196 22 WEST GERMAN share prices were quoted slightly higher in what dealers described as a technical reaction to new 1990 lows reached on Tuesday. They said volume remained vej7 thin, a sign prices would not gain strongly in the official session. "There's no reason for euphoria," said a trader who
        196 words
      • 280 22 FRENCH share prices were hovering around their lowest level by midday yesterday as worries over inflation, poor corporate results and the Gulf crisis continued to depress sentiment despite lower oil prices, dealers said. The CAC-40 index lost 15.94 points or 1.01 per cent at 1,563.99 by 1053 GMT. A
        280 words
      • 422 22 THE Johannesburg stock market remained under pressure at midday yesterday following Tuesday's steep decline as nervous selling, mainly by private investors, continued. The sell-off has been spariced by fears of a lengthy recession if oil prices keep rising as a result of the Middle East gulf crisis, dealers said.
        422 words
      • 242 22 Toronto Sep 18 CS Abitibi 15* A lean Alum 25% Bank Nova Scotia Bank of Montreal 26% unch BCE Inc 36% BP Canada Inc 19% unch Brascan O A 18 Canadian Imp Bank...... 24% Canpac 18% Cominco 24% unch Dom Tar 9% Faloonbridge Giant Ydlow Knfe 7% Gulf Oil Can.
        242 words
      • 344 22 Reuter SWISS shares opened slightly higher as Wall Street's firmer close yesterday supported sentiment, dealers said. The SMI index of leading shares had added 4.3 points for 1,475.9 after about 30 minutes of trading. Interest rates were little changed while the Swiss National Bank set its Lombard rate, based
        Reuter  -  344 words
      • 85 22 Sep 18 Close Previous NEW YORK Dow Jones 2571.29 2567.33 3.96 NYSE Financial 119.56 120.33 -0.77 SAP 500 318.60 317.77 +0.83 Turnover (million) 141.13 110.6 +30.53 LONDON Financial Times 30 1576.80 1606.10 -29.30 FTSE 100 2064.00 2094.30 -30.30 Turnover (million) 397.2 286.6 +110.6 AMSTERDAM CBS General 178.50 179.40 -0.90 BRUSSELS
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  • Page 22 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1247 23 FOREX MARKET REPORTS THE US dollar yesterday ended slightly firmer against the yen but steady against other major currencies in featureless Tokyo trading dominated by technical moves. "It climbed and fell for no particular reason," said Yuji Akutagawa, a customer dealer at Long-term
      1,247 words
    • 385 23 Cross rates USS SS M$ Dm Yen SFr AJ NZS US$ 1.7660 2.6990 1.5550 138.70 0.5236 1.2940 1.2048 1.6000 SS 0.5663 1.5283 0.8805 0.7854 0.2965 0.7327 0.6822 0.9060 MS 0.3705 65.43 0.5761 0.5139 0.1940 0.4794 0.4464 0.5928 Dm 0.6431 1.1357 1.7357 89.20 0.3367 0.8322 0.7748 1.0289 Yen
      385 words
    • 560 23 Interbank rates BM Offer Overnight 5 5 1/4 1-month 6 7/16 6 9/16 2-month 6 1/2 6 5/8 3-month 6 1/2 6 5/8 Overnight mode: 6 1/2 US$ BM Offer 7 days 8 1/16 8 3/16 1 month 8 3/16 8 VI6 2 months 8 1/8 8 1/4
      560 words
    • 1452 23 EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Dec 90 92.05 92.07 92.04 92.05 8063 ***** 9244 Mar 91 92.06 92.08 92.05 92.08 2416 8328 2461 Jun 91 91.90 91.92 91.89 91.91 758 2031 511 Sep 91 91.66 91.68 91.66 91.68 65 407 132 Dec 91 91.41
      1,452 words
  • Page 23 Advertisements

  • COMMODITIES
    • 449 24 Bernama IN VIEW of the sagging price of the metal, the time is now right for Brazil, the world's largest tin producer, to join the Association of Tin Producing Countries, the president of the Malaysian Chamber of Mines, Mr Ibrahim Menudin, said. "Tin
      Bernama  -  449 words
    • 295 24 Reuter WORLD exports of the five major vegetable oils are expected to fall by nearly 2 per cent to 18.2 million tonnes in 1990/91 (Oct/Sep) the first year-on-year decline since 1979/80, the independent newsletter Oil World said. Demand for soy oil,
      Reuter  -  295 words
    • 837 24 REPORTS THE price of tin was unchanged at M 515.37 on the Kuala Lumpur Tin Market yesterday. Dealers said the market was "quite dead" in line with the Lxmdon Metal Exchange overnight. "There was hardly any trading there," one dealer said. At the unchanged opening
      837 words
  • 1344 24 Rubber Sep 19 MS (M hi Mm) S cents/kg Noon Close Int 1 RSS Prompt 156.50/157.50N 155.00/156.00N Int 1 RSS Oct 90 157.00*157.50 155.50/156 OON Int 1 RSS Nov 157.75/158.25 156.2 VI 56.75N Int 2 RSS OP I5I.50/153.50N ISO. 50/152. SON Int 3 RSS OP 147.00/149 OON 146.00/148.OON Int
    1,344 words
  • Page 24 Advertisements
    • 1198 24 NOTICES NOTICE BANK DAGANG NEGARA Cayman Islands Branch U5575,000,000 Negotiable Floating Rate Notes due September 1997 In accordance with the provisions of the Notes, notice is hereby given that for the Interest Period from 20 September 1990 to 20 March 1991, the Notes will carry an Interest Rate of 872%
      1,198 words
    • 15 24 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      15 words

  • THE TRAVEL PAGE
    • 1032 25 CKy Fight ETA Fight ETO City Fight ETA Fight ETO AhaDhaM GA887 1225 KL840 2115 gQ 1 T J 705 j" 5 GjtfTS .300 GA894 2350 MNgJSTI |gg "8* !m 555 <*32 .9,5 MH6« .730 SQ228 2015 MH617 2050 MH614 1850 Amtarfeai SQ23 0720 MH619 2135
      1,032 words
    • 556 25  -  LETTER FROM NEW YORK By Constance Hays WITHIN hours of arriving in New York last week, Joe Lucia, a 25-year-old tourist from Sydney, Australia, had to wrest his luggage away from a man in the Port Authority Bus Terminal who had promised to hail
      556 words
    • 152 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.457 1.477 Canadian dollar 1.5110 I.S310 NZ dollar ***** 1.1200 Sterling pound 3.362 3.382 US dollar 1.7620 1.7720 Local dollars to 100 units of foreign ewmey Austrian schilling 15.90 16.90
      152 words
    • 88 25 Duration Title Venue Organ uer Td Duration Title Venue Oipmacr Td M l C0SMIT 2/WM1 Oct 1-12 Singiport l**m Fihihltuwi Development Montreal, Manufacturcn c Mission To Canada Calgary A«ociation Sep 24-30 International Bulgaria F«re 1/*****146 Toronto Technical Fair Internationale De Plovdiv Qg j.7 International Italy Ente Autooomo
      88 words
  • Page 25 Advertisements
    • 51 25 S A Ihe buMnc» ptr-on < ihokc c\cr\ lui'»uJ\. M 1 'u MM M I hur\dj\. Viturd.iv .ind Mind.n. I cjvinyf h.inci I I I 1 r —-wl W \irport it hour* .ind .irri\in<; O'Harc J. 1 -R Intcrn.uii>nj| Airport the folKmini; Jjn. A i: ui: \ni <H I-'i;i:sn An:
      51 words
    • 60 25 ENGUSH CLUBS ARE |ACK IN THE CUP-WINNERS CUP Manchester United (England) v Pecsi Munkas (Hungary) IN THE UEFA CUP OQ«ooo»oooooooo»eooooow»oe^oo»o«ooooooo»o»aooo90o»Q»oaooooowoocwowowo^o»QO»>woo*o» Aston Villa (England) v Banik Ostrava (Czech) t The New Paper will be the first with the results of these matches. ALSO results of The European Cup. m m The
      60 words
  • Page 25 Miscellaneous
    • 202 25 I Loaf sliced carelessly in trade expansion Imt 17 Low note heard in oceanic __IHL_J^ 19 peat volume for transchurch holds wild dance 22 22 A French writer has to JH JML—J®— jerseys out, we hear (5) TT~ 1 I 1 29 Bordering on being tightfisted (4) 9 One who
      202 words
    • 213 25 Singapore Outlook: Showers over several areas in the late morning and early morning. Report; Max temp 28.3 Assoc humidity 77% Min temp 22.8* C Assoc humidity 98% Hrs of sunshine 0.00 Rainfall in mm 4.5 Rainfall this mth 110.1 Rainy days this mth 10 World forecast Asia-Pacific Hi/Lo* Cond. Auckland
      213 words
    • 17 25 meoßcD out Sitting u>th FeeT uP Tvw moo"VcmP. is too Efttciorr... WPI,| D"" flu. 0wv...... BTAWDAWO CO.
      17 words

  • 349 26 AP THE first meeting of a council formed to reconcile Cambodia's warring factions collapsed yesterday in quarrels over leadership of the council and who should represent the country at the United Nations. The factions accused each other of reneging on agreements and trying to
    AP  -  349 words
  • 240 26 Reuter THE US House of Representatives approved and sent to President Bush a bill to restrict US imports of textiles and shoes to protect US jobs, but opponents said it risked trade war retaliation, and Mr Bush had vowed to veto it.
    Reuter  -  240 words
  • 256 26 Reuter THE DEATH of Robert Holmes a Court this month has left his wife Janet the richest woman in Australia, with an estimated wealth of" As7so million, according to Australian Business. The magazine, which hits news-stands today, says the late Mr Holmes a
    Reuter  -  256 words
  • 140 26 Reuter THE United States has extended for another year a longstanding trade embargo against Vietnam. A spokesman for the Treasury Department described the extension as routine and said it had been accomplished through publication earlier this month of a formal notice that did not
    Reuter  -  140 words
  • 781 26  -  The Bottom Line MANO SABNANI MANO SABNANI The writer is BT's Editor IF AN international economic slowdown has to come, the encouraging news is that tiny Singapore, with its open economy, is now in a better position to deal with it, having
    781 words
  • 405 26 Reuter TAIWAN'S central bank is loosening its tight monetary policy to spur flagging economic growth, but private bankers say easier credit may fuel inflation and increase the outflow of capital from the island. "Our present policy is trying to avoid recession and inflation,"
    Reuter  -  405 words
  • 278 26 AFP WEST GERMANY'S Daim-ler-Benz and Japan's Mitsubishi, which signed a cooperation deal in March, may some day hold shares in companies of each other's group, Daimler-Benz chairman Edzard Reuter said yesterday. "On the basis of equal cooperation, permanent ties could come about between members of the
    AFP  -  278 words
  • Page 26 Advertisements

  • Shipping Times
    • 404 27  -  By A J Leow FAR EAST Levingston Shipbuilding (FELS) has won a US$25O million contract to build a floating production platform for Brazil's stateowned oil company, Petrobras. Overseas sources said FELS and a Brazilian partner, Tenege, clinched the deal amid competition from bidders, including
      404 words
    • 337 27 AFP KUWAIT AIRWAYS will resume flights in two weeks, its managing director Ahmed Machari said in Cairo, the airline's new base. His announcement came on Tuesday, a day after Iraqi Airways disclosed in Baghdad that it had taken over 10 Kuwait Airways
      AFP  -  337 words
    • 312 27 AN IMC group associate, United Thai Shipping, will inject another 740 million baht into its shipyard project near Laem Chabang port on Thailand's Eastern Seaboard. Climbing expenses blew the original budget of 360 million baht, said The Nation. Shareholders chipping in
      312 words
    • 326 27 Reuter, AFP ALL Nippon Airways Co Ltd has told Japan's Ministry of Transport that it is seeking to operate a Tokyo-Berlin flight, an ANA spokesman said. ANA hopes to fly directly to Berlin from Tokyo, but if new flights are impossible
      Reuter,; AFP  -  326 words
    • 306 27 INDONESIA is introducing a new customs inspection system to facilitate import flows. Sudjana Surawidjaja, di-rector-general for customs and excise duty, said in Jakarta yesterday that the system will allow importers to send "pre-notification letters" before the arrival of their cargo at Indonesian ports. "The
      306 words
    • 326 27  -  By Dexter Lee LITTLE-KNOWN Vino Ship Agency has brought its dispute with Freight Management over some goods left over from the Baltic Orient Shipping (BOS) debacle to the court. Vino has taken out a writ of summons claiming that the freight forwarder had breached
      326 words
    • 315 27 FULL CONTAINER loads (FCLs) are being promoted at Bangkok port in an effort to reduce congestion from heavy truck traffic. FCL shipments now constitute only about 30 per cent of cargo at Klong Toey Port compared to other developed countries where FCLs take up
      315 words
    • NEWS SUMMARY
    • LOG BOOK
      • 92 28 ALL Nippon Airways Co Ltd (ANA) expects sales of one trillion yen in the year to March 31, 1995, with 30 per cent coming from international flights. ANA had sales of 672.08 billion yen in 1989/90, 12 per cent of it generated
        92 words
      • 75 28 ABOUT 2,000 union workers at South Korea's biggest ship repair yard were to return to work yesterday, ending a strike that paralysed operations for two weeks, a union spokesman said. He said the union at Hyundai Mipo Dockyard Co, a member of the Hyundai Group,
        75 words
      • 93 28 BRITISH AIRWAYS pic (BA) is converting options into firm orders for three Boeing 757 aircraft worth US$l62 million from Boeing Co. "The latest order is to cope with expansion on Super Shuttle and European flights as well as replacing earlier aircraft due to be retired,"
        93 words
      • 106 28 RIO DE Janeiro's port workers voted in favour of a strike to begin this morning. "The strike will begin at 7am (1000 GMT)," spokesman Luis Carlos Silva said. Rio's 3,500 port workers, who load and unload ship cargo from the ground, demand pay raises of
        106 words
      • 83 28 US ENGINEERING FIRM Westinghouse Electric Corp is threatening to appeal for help from Washington in a dispute over a five-billion-yen contract at a new Japanese airport. AEG Westinghouse Transportation Systems, in which Westinghouse is a minority partner, bid for a moving walkway to be
        83 words
      • 55 28 PERU'S new government is considering privatising the state's main shipping firm, a top official said, and President Alberto Fujimori said other state firms may also hit the auction block. The announcements are the latest sign that Fujimori is stepping back from campaign promises not to
        55 words
    • 1007 28 Ever smaller and cheaper receiving dishes, and the launching of a major telecommunications satellite, make it increasingly difficult for worried governments to deny viewers direct access to foreign television AP ASIAN governments that want to keep control of what their people watch on
      AP  -  1,007 words
    • 923 28 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices For a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      923 words
    • 12574 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. •Advanced dates are published for a maximum
      12,574 words
    • 3298 41 Containerline NV: Belsin "Shpg Agencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd I (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg A Trdg Pte Ltd (S) Ahrenkiel liner Sendee: Kim Shpg A rTrdg(S). Albntras Sen-Air Service: Frata Shpg Pte Ltd
      3,298 words
    • 237 41 Abacus Couriers Td: 545-8011.448-6415. Air K\yn» Service Td: 533-5771. Fax: *****44. Airborne Freight Corporation Td: 542-8844 Fax: *****16, *****80 AJS Suppli«~"> Td: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Unk International Td: 344-3377. Fax: *****50. Cluster link Supplies A Services Td: 296-5720. DHL International Td: 344-8911. Fax: *****61. DPE
      237 words
    • 1475 41 Abe* Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activak Singapore Td: 542-7822. Fax: *****20. Aeroiiak Freight International Td: 545-8033. Fax: *****05. Aerospeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454. Fax: *****06. Air Express lateraatioual Td: 542-7666. Fax: *****74, *****50. Air
      1,475 words
    • 2914 42 ARGENTINA Busuoa Aires: Port busy for generals; 1-2 days berthing delay expected for new arrivals; buoys in channel continue to be defective so 2 pilots frequently used at night; night navigation still prohibited in Martin Garcia channel for vessels more than 17 ft draft. San Lorenc Four vessels
      2,914 words
    • 521 42 SHIP SALES TANKER RATES Reuter, AFP EVEN 1984-built chemical tankers were re■orted sold to Scandinavian interests for round US$7 million each. One concern acquired the Sooth Narigaw, (6,791 dwt), Oceania Glory (6,748 dwt), joiden Navigator (6,71S dwt) and Andreas Z >,721 dwt). Another buyer "secured the Sea fifteen (6,711 dwt),
      Reuter,; AFP  -  521 words
    • 505 42 ARRIVALS DEPARTURES Op night Type ETA From Op Flight Type ETD T* TOOAY today KAL KE697 B747F 0155 SEL KAL KE697 B747F 0440 BKJC NCA K2203 B747F 1935 NRT SI A SQ/BA822 B747F 0700 DXB/LHR FDX FM75 B747F 2130 JFK/IND/ANC/ NCA KZ204 B747F 2335 BKK/NRT NRT/TPE KAL
      505 words
    • 309 42 CRUISE FERRY SCHEDULES CRUISE SNIPS An Pep Name of Vend ETA ETD Port Agwt Ports of Calk KFTEMQ 21 21 Ocean Pearl 0700 1600 Reefer lines Sin-Kriang-Kuching-Brunei-Cebu-Manila-Cor-HK OCTOBER 02 02 Song of Flower 0800 2200 Neptune Agencies Sin-Senbo-Semarang-Bali-Semarang-Seribo-Sin 03 03 Royal Viking Sea 1100 2339 Barwil Agencies Sin-Bangkok-Sin 09 09
      309 words
    • SHIPS IN PORT
      • 416 43 ImmI fry Hi 9m* ktM Oapartae tail Hi Mt Mwl OqMrtwi Wharm WA***** 59 P1A 1909/1230 19.09/1830 1 *32 alongside 21.09/1800 Beau Grace 1A K34 alongside 22.09/0600 SMlbawang Pnncess 15 K30 alongside 19.09/2300 I B Kesumha 0031 SOI alongside 19.09/2030 Ms Trust 24WB C10 20.09/2300 21.09/0700 I
        416 words
      • 1195 43 BECEMHC OF EXPORT Fa CONTAINERS AMD LCI CABCO Record Boott*/Babnce Rsfts SMp fey No Etb/Bfr Mod From To From v, n-B, 38 21/0700 2 19/1700 20/0659 20/0900 totaS 3 20/0700 20/1159 20/1400 vtik 1A 21/1500 2 19/1700 20/0659 20/0900 toU 4 20/1200 20/1459 20/1700 ta fogs 3A 21/1500
        1,195 words
      • 333 43 Pict King South Pert on Sep 19: Botany Transcedent berth 1; Sanko Laurel berth 3; Jenwin berth 4; Pernas Safari berth 6; Mutia Hayu berth 7; Berjasa berth 7 A. KCT: Anro Asia berth 8; Uni Mercy berth 9; Bunga Penaga berth 9; Toyama berth 10. MwHi
        333 words
      • 1045 43 CHARTERING on the dry cargo freight market on Tuesday remained quiet with little fresh business done, brokers said. The Baltic Freight Index fell three points to 1,197, back to the level seen on Friday. The key grain route sub-index from the US Gulf to Europe rose to USSIO.BS
        1,045 words
    • 690 44 Reuter HONGKONG's multi-billion dollar planned airport and port complex, touted as the ultimate expression of confidence in the British colony's future, is at last showing signs of being accepted by Beijing. China, which resumes sovereignty over Hongkong on July 1, 1997, has at best been
      Reuter  -  690 words
    • 252 44 Lloyd's List CHINESE interests have linked with Japanese and Norwegian partners in a new bulk carrier pool for handysize vessels, it has been disclosed. The 15-vessel operating pool's members are Japan's Mitsui OSK Lines, Oslobased Trinity Shipping, and Sinor Shipping, the joint venture
      Lloyd's List  -  252 words
    • 253 44 Reuter THE United States said the EC had until the end of September to strike an agreement on subsidies to the Airbus Industrie consortium or it would file a complaint with the world trade watchdog Gatt. "I'm not satisfied (with progress so
      Reuter  -  253 words
  • Page 27 Advertisements
    • 64 27 HSWEEHENG METAL CO PTE LTD No. 13, Tuas Avenue 14, STORE 2263 FAX: 861-2946 TEL 861-5866 (5 UNES) TLX RS ***** SHMCPL ScktQmt CIFA rental repair I £3 J J J £j j-\ P U Si _E! MCI(P) 113/8/90 VOL 14 SEPTEMBER 1990 MONTHLY $4 ri 1 l^v ■r a\
      64 words
    • 50 27 Mr Forwarder* 15 Mr Fntfrt Schedule 16 Codwtt taport 2 Contaner Schedule 17 Couner Semes 15 Cram Ferry schedules 16 My Fra#fa 17 Mb ID Mmfmn 3 Port Comfcbom 16 SNp* Afenfe 15 Stamm Gmk 10,11 Shpsaies/Tanker Rata 16 Stops m Port 17 SinpporeTte 17 Weather and Sea Condtam 17
      50 words

  • Page 28 Advertisements
    • 310 28 NOTICE I TOWING/SUPPLY VESSEL FOR SALE Bids are invited for the purchase on an 'AS IS WHERE IS' basis of a steel towing/supply vessel which has following characteristics/dimensions j CHARACTERISTICS Length, Overall 180.0 Ft Beam 40.0 Ft Depth 14.0 Ft Light Draft 6.0 Ft Maximum Draft 11.9 Ft Freeboard 2.1
      310 words

  • Page 29 Advertisements
    • 2141 29 JARDINE SHIPPING AGENCIES tlllf# 200 Cantonment Rotd #12-06 Southpomt, Singapore 0208 \lllf/ Tel *****11 TELEX NO RS ***** ftllll— TERMINAL/CFS Tel *****18 220 PCwCQ 7 BOOKINGS Tel *****34 235 L \fffw A PESAKA JARDINE SHIPPING AGENCIES SON. BHD H PORT KELANC TEL: 36S4US TELEX NO. MA*****/MA39AJI PENANG TEL *****4 TELEX
      2,141 words
    • 950 29 INDEX TOTOWKTISgS Page Col Page Col i*l I B 1 ABC ContaincrlirK 13 5 Mac-Ncls Agcncics 14 1/2 Accord Group 8 1-3 Macolinc 18 2/3 Albatros Sea-Air 14 5 •MacrskLinc 3 4/5 APL 5 3-5 MISC 14 1-3 APC Line 14 4 M'sia Shpg Corp 9 1/2 ncs 7 Mendelssohn
      950 words
    • 2062 29 Vnnl Voy ETA I ETO "Port "P«n«no DESTINATIONS Singapore Kelang Th.i <M*k Mane Ckwmg Tim* FaaOar by ]BjSI?m33E2G3HnGE2!^^ESECa!nHi^X^2® CY TVS 0400 MRS fana a BR HBi 1 CFS 2459 ?350 MRS M Tauro OAK LQB HOU MEM ATL MIA CHS BAL PHL NYC MON TOR MARIE M 9002 25/9 26/9
      2,062 words

  • Page 30 Advertisements
    • 1122 30 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE TOKtO EXPRESS 95/514 23/9 10/10 13/10 15/10 BREMEN EXPRESS 98/515 27/9 22/10 16/10 18/10 15/10 21/10 BENAVON 96/518 30/9 17/10 20/10 22/10 KATSURAG) 02/517 4/10 29/10 23/10 25/10 22/10 28/10 BENALOER 97/522 7/10 24/10 27/10 29/10 HAMBURG
      1,122 words
    • 501 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I 28/9 9/10 12/10 17/10 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA, PAGO PAGO. APIA I NUKUAIOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP SEASPAC I 28/9 30/10 31/10 3/11 Alto accepting Cargo to Cjllm (Parti) via Valpa Agents: SINGAPORE: *****56
      501 words
    • 1326 30 I E3 ammsttuA &nn REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LHA 21 A (VIA (VIA G) ROT) HAM) N. SINGA 9029-3 21/09 12/10 14/10 17/10 19/10 22/10 21/10 23/10 24/10 N. AL MUNTAZAH 9030-3 28 09 19/10 21/10 24/10
      1,326 words

  • Page 31 Advertisements
    • 1420 31 SjgSteamers Maritime Holdings Ltd I fIS Mstraits shipping! Containers *> (p*** Span k-ton Hta* B Mw. ITdtm La* ACCEPTS DUE SAILS CARDIGAN BAT J7/Sll BAN 1709 20/09 15/10 09/10 11/10 01/10 14/10 CA*CO .Tomo EXPRESS 98/514 nn» 1010 12/10 U/10 BINTANG BELAIT VlfE Bint Miri, KB Daily In Pt 21
      1,420 words
    • 1575 31 LH ROM HAM B'HVN FIX SPORE HK KAO KOfl 81l NAJUIH FELIXSTOWE 004W 22J1 10/10 11/11 12/10 14/10 15/1® CHOYANG SUCCESS 010E 1/10 4/10 VlO tat 11/10 CHOYANG PARK 010W 2*o 17/10 11/10 I*M 20/10 22/10 HANJIN HAMBURG 002E 11/10 IS/10 14/10 10/10 HANJIN OAKLAND MOW IfU 24/10 25/10 21/10
      1,575 words
    • 342 31 r r STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL AMBALIKA COSMIC ASIAN TRADER STAR VOY. NO. S7 12 lIS S'P*t SM aft 1/10 P K*lanj Inn Vfi 11/10 rMMN| Koof Kong Yokohama Nacoya 15/10 Osaka Sanfaoku 12/10 Kjthinu Hochuninh •For Diicharging Only NOTE: ALSO CALLING OTHER JAPANESE
      342 words

  • Page 32 Advertisements
    • 605 32 DJASAGETRI A Joint Europ* Stmct Of: M. BMKWT* Utn P.T. BM UOYB KT. SMUKM MMHEtW Wf. TMKQM UOYD CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE VSC/VOY SPORE R OAM/ H'BURG BREMEN ANTWERP ADAM MA T ARAM/27W8 22-2C/S 22/10 2S/10 21/10 2/11 A VESSEL 10-13/11 14/11 11/11 22/11 X/U SRIWJATA/30MB lt-H/11 11/12
      605 words
    • 731 32 Irtft HANJIN SHIPPING Yj/ FULL CONTAINER SERVICE STAKES- rWlifTSs" ST v*"™ SBA-.- rsnKss-. mffJE&Ef&XL L S iS 2 *2 10 22,10 HAaiM HAMBURG 002E 1/10 H POHANC 1«X 2/U 4/11 HANJIN OAKLAND 01M i/10 I 24/10 25/10 26/10 21/10 21/10 HANJIN ROTTERDAM 010 C 15/10 H SEOUL 10K 9/11 11,11
      731 words
    • 1289 32 J -J I gj 1 J If UWI |I« !I» L K, 'Vn 5 "SL ®X. H T T° LAX CHS OAL KK LW «M KM FU UK SGT I t ££Irr.? n «2 UN 3/M *10 7/10 0/M 1410 31/10 4/11 2/11 14/11 lSfll WU 17/U I*ll 13/12 I
      1,289 words

  • Page 33 Advertisements
    • 1216 33 IES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) > ;rarr.]T«y; i K P K EXPORT SOElEEIlH FDR V9L/VOY PEN Perkua 468 18/00 Perk Ma 478 25,09 Perkua 488 02/10 Perkaaa 496 00/10 Perkaaa 508 16/10 Perkaaa 51S 23/10 PKG SGP MOTH SB V9L/VOY 20/00 21/00 OOCL Honour 8W 27/00
      1,216 words
    • 1123 33 SNSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 DISCHARGING FROM EAST BOUND LOADING FOR WESTBOUND «»as *nm |yo« Imaiiha hkoms wimx turn. num hbuhc rmwi mjuw wn wnw" mM su>
      1,123 words

  • Page 34 Advertisements
    • 1521 34 £\> W W AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (Cfl No: 1244I*****0M) \U TEL *****77 TELEX KAWAKi R*****5 FAX *****79 Vi H I i f V MALAYSIA HARPER WIRA SDN BHD A TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA. LTD. 00N£S,A s s f c*K*T
      1,521 words
    • 1060 34 PHILI-OHKNT UN€S PTC LTD 106 ROBINSON ROAD #0700 GMG BUILDING SINGAPORE 0106 1 TEL: *****22/*****68/*****00 TELEX: RS ***** PHILI FAX *****76/*****38 -k BY air, land or sea... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION Sfflt 22 SEPT MONTREAL, Ottawa, toronto, 20 SEPT DUBAI, DAMMAN,
      1,060 words

  • Page 35 Advertisements
    • 1395 35 PACIFIC INTERNATIONAL LINES (PTE) LTD J JMi PIL Building, 140 Cecil Street #0300, Singapore 0106. JAKARTA 1 1 BANGKOK JJJ*"- J2* vessel vov SIN mat sm *55? »T, ?2!i 22 22- 22 OTABIMQA »•>«»• 12? 22 S'i 0 22 PEGASUS PROGRESS «35N 22/9 JM 2M 22 22 KOT n* o
      1,395 words
    • 1097 35 f BEN LINE CONTAINERS LTD y 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER TP UK/UW WIUUl*m. VESSEL |VOY SPORE P.KLANG SHAMPTON| HAMBURG BHAVEN ffDAM LHAVRE Cardigan Bay* 97/511 20/9 15/10 9/10 11/10 8/10 14/10 Tokio Express 95/514 23/9 Via Ban 10/10
      1,097 words
    • 325 35 M MYANMA M FIVE STAR LINE \T (Myarimar National Line) Loading for Yangon (Rangoon) Sport P.KIg Ptn P.Gdg PAGAN VI6IW ZVTt SEP MAGWAY VIM 24/27 SEP MPA-AN Vlss«* a/1 OCT MERGUI VIO2W 4/1 OCT MYOMAYWA VI3IW I*l3 OCT PAGAN VI62W MP OCT THE BANK LINE (A MTVic* o4 kr>4r*w WtW
      325 words



  • Page 38 Advertisements
    • 794 38 /^■dsr=UMEOßn INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUNO SIN FIX MV ROM ANT HBG RST TOKYO S£N WFB4O In ft 13/10 14/10 15/10 17/10 19/10 MECKLENBURG I/* 21/9 20/10 22/10 21/10 Q/10 21/10 ARABIAN SEN WFO43 02/10 24/10 25/10 2C/10 21/10 30/10 GERMAN SEN WFO44 1/10 31/10
      794 words
    • 1075 38 CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 in cmmumim samcf Tt: FAR EAST PORT KELANQ 28/9 5/10 MANILA 22/9 29/9 PENANQ 28/9 5/10 BUSAN 25/9 5/10 BANGKOK 23/9 1/10 TOKYO 27/9 4/10 HONG KONG 24/9 A 27/9 YOKOHAMA 27/9 4/10 IKAOHSIUNG 23/9 30/9 KOBE 28/9 4/10 IKEELUNG 23/9 30/9 JAKARTA
      1,075 words
    • 314 38 LOADING FOR LOAOING FOR BUENOS AIRES man SPORE CM OM MIRES MVIOfO 110 m KIT PMUA C. ISABEL WM w> vm *11 12/11- M/U ■Snracui viu au *m 17/12 mtu a/12 V MB 2 DISCHARGING FM BRAZIL ONLY I mm] ml h* kee busan tok mo km ■os rut en
      314 words
    • 1231 38 W? CDMA OCEAN SMPPBK COMPANY :1: TEL: 22HM0 1 "SVsf&MWt'ow'"® FULL CONTAINER LINER SERVICE TCL£3 FAStSw OSH P CR NO U*****0000M CABLE: COSTAftLINE General Agents: 009 TAR HVIMO PR LTD vessel/vpy scp Fut rot ma ant om vuscl/voy flx rot ham ant oka scp SSJImSL am £2 2Z HZ luohw
      1,231 words

  • Page 39 Advertisements
    • 823 39 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA II IPI Destns 22/9, 29/9 EUROPE all Ports 21/9, 28/9 BANGKOK 22/9, 25/9 HONGKONG/CHINA 21/9, 28/9 SYD, MEL, ADEL, BRIS 24/9, 28/9 FREMANTLE 27/9, 4/10 MANILA 23/9, 3/10 PKLG/PENANG 26/9, 3/10 Port Kalang Brandt Tal: *****21/2/3 Fax: *****24 Panang
      823 words
    • 246 39 fS RICHFIELD MARINE AGENCIES (S) PTE LTD Sk TEL: *****33 (12 Llnoa) 2m FAX: *****15/*****03 fTfJ TELEX: RS ***** RISHIP (3 Llnoa) PjT\ ETHIOPIAN SNIPPING LINES 1 (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA LOAOtNO FOB SPQWE NETSANET 20W8 30/10 OARESSALAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA
      246 words
    • 817 39 MASKAPAI PELAYARAN WpULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXEO DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA, MALAYSIA t THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 WOAPO*. iwpowmA StRVICt VSL VOY SIN JKT PAJ SIN
      817 words
    • 610 39 BANGKOK CEBU/MANILA |w I wow* MOW I Imm [w 1 rwnl cou 1 iwuj JENLINK 24M S»t 22/9 Tu» 2S/9 m|| gnuM 30S 21/9 27/1 21/0 MAMA BHUM# 27W to 23/9 2</9 SO ORIENT BR jg V>o SIRI BHUM# 4MN Tu» 25/9 fri 2tfi MT| MUH «s 5/10 11/10 13/1*
      610 words
    • 382 39 TO AUSTRALIA/NEW ZEALAND [v 5 ti—ipT« 1 Fn—MilMiai iiiiip||A«dU—< |0— <■ TXT Exma aji ~aH w» mi wi wm t NUOK 29 MOS am am wi w wii BS 5 wi 155 155 wu Su uu c. vcrouk m~ a/u wii vu iru wfu wu AtM accaftini carfo lo:AUSTRALIA AteUMi.
      382 words

  • Page 40 Advertisements
    • 1054 40 a A MAC-NELS SINGAPORE 1 eipit tel nmJT\ I TEL mimoT] PENANG TEL: (04) *****6 KK TEL (088) *****0 TAWAU TEL: (089) *****9 P. KELANG TEL: (03) *****77, KUCHING TEL (082) *****3 SKAN TEL: (089) *****2 ~K-/\*V"l J BAHRU TEL: (07) *****2 SIBU TEL (084) *****21 LABUAN TEL: (087) *****9
      1,054 words
    • 527 40 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SA"^NO S DISCHARGING NEW PORT CHALMERS ACCEPTING FCL A LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PLY AUCK ITT PREMIER OB 2CS* WOd Via NPL 12 Oct MULBERA 17S
      527 words
    • 810 40 /3SI 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 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH rasa |m leta fig rasa lir eta in KIM SOON LI 37/906 22 SEP
      810 words
    • 342 40 w IfJWWTffSKTTninTITSRI^H «H> mm™™™**! IRANIAN mm VICE Sinfapor* Losing tar* IRAN TEYFOURI SM Bandar AMm SILVER CHARIOT PJI 119 24/U Bmrtar AMh HMtanl Um if unlet) u not cun/HBoca/camuu. AJMHUCA CMTMHI SOMCE HM U EMKMAOA I CAMCNAS ICMU ■MBMILLO TOUICAVU w Il|H Ml apt 3MI 1/U NTLA ¥77 Mo> JVM
      342 words


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    • 2 42 EXECUTIVE JOBS
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    • 59 42 |aS5| EUROPE/S.EJL BREAKBULK SERVICE Jj? VESSEL KRISSA SINGAPORE 12/10/90 VEttEl m UA LLC destination SEAIUR IS/SO 22/9 23/9 YANGON (Myanmar) JP"?«j£ TU «/90 251% 27/9 YANGON (Myanmar) StTYA PRATAMA 2/90 1/10 3/10 YANGON (Myanmar) FOONG SUN SHIPPING A TRADING (PTE) LTD #25-09 A International Pl22a 10 Anson Road Singapore 0207
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    • 20 42 OwejvrßuAljPffi KKU SIN PKL DESTN YANNIS/***** Sid Sid FLU/ANT/UK/NTS ACROPOLIS/***** Sid Sid Sid FLU/ANT/UK/NTS SING A SKY/***** Sid 23/9 FLll/ANT/UK/BFS
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    • 92 42 REGULAR CONVENTIONAL SERVICE TO CHINA Veael S port P GuUng Pen Load** For GUANCSHUI In Pt HUANGPU/SHANGHAI (MIX In Pt 20fl HUANGPU OA OONG HAI VlO 1/10 HAIKAO/SHANTOU JtANCHANG In Pt HUANGPU CHANGDU VM 7/10 HUANGPU/SHANTOU LEDU 1110 HUANGPU fXINGANG TUQINC 2DnO 11/10 HUANGPU /SHANGHAI SCHINDON TRADE FREIGHT SERVICES 47
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    • 44 42 «Tol: *****27 Fax: *****30 Ttai: RS ***** BKTCO ra No: 1177M00Q00K VESSEL VOY NO. «N MAA CAL TIGER RIVER 10SCNB 26/09 02/10 ILOVIK 129N 23/09 30/09 TIGER CREEK 106CNB 27/09 06/10 ALCOR 130N 31/09 07/10 TIGER RIVER 107CNB 10/10 17/W ILOVIK 131N 05/10 12/10
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  • Page 43 Miscellaneous
    • 427 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUIOOMIIM 02M 03M MM 05M 06M 07M OMO 09M10M11M12M13M14M15M16M17MIIM19M 2M121M 22M 21M JR 3.0 28 2.3 1.6 1.0 0.6 0.5 0.5 01 1.4 22 2.7 21 2.7 13 1.7 1.0 0.6 0.4 05 07 1.2 2.0 26 IT 3.0 21 2.3 1.7
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  • Page 44 Advertisements
    • 408 44 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL -MR- SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG OHRMAZD 7-9/10/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK "TOW S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 27/9/90 30/9/90
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    • 723 44 HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA 1 TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN N A P,ON R 356 29/01 Mflo 22/10 24/10 27/10 24/10 HYUNDAI CHALLENGER 3SW 14/01 17/01 MM 06/09 1M» [u ,r.
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    • 583 44 ALL SeT MARiHE IASHiMv CONTAINER LASHING EQUIPMENT' TEL: *****92 TLX: RS ***** ALLASH FAX: *****61 F*d«rjr«e Voy WW HtflMr Vmml SIN LAX OM MOU |<Ml |CMI/ |IKM |S HTC hjnca kemuminc ~wT *uwato> rMTunT ysnx ?v> |upi uja yfm wa vm OUR USA ■uiica hmuninc »i 7W_ aukatt* mioe v
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