The Business Times, 26 September 1990

Microfilm: NL17108
Total Pages: 48
1 48 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 170/12/89 Wednesday September 26 1990 75*
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  • NEWS SUMMARY
    • Article
      Kaifu to tour Middle East
      89 1 JAPANESE Prime Minister Toshiki Kaifu will tour five Middle East countries hard hit by the Gulf crisis next week after meeting US President George Bush in New York, the government announced on yesterday. Mr Kaifu, the first head of one of the Group of Seven
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    • Article
      Deal with Japanese
      26 1 A LOCAL toolshop and a Japanese tool and die maker have signed an agreement to train Singapore technicians in component grinding. Page 2
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    • Article
      Hongkong jobs
      35 1 MAINLAND Chinese who have lived abroad for two years will for the first time be allowed to take jobs in Hongkong under new government rules, an immigration department spokesman said yesterday Page 8
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    • Article
      Need to cut Polish debt
      29 1 POLAND'S drive to democracy could be derailed unless industrial nations take the lead in a plan to cut the country's massive debt Page 10
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    • Article
      Slow economic miracle
      27 1 DESPITE Chancellor Helmut Kohl's brimming optimism, it will take years to turn East Germany from an industrial wasteland into an economic wonderland Page 10
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    • Article
      Spreading his wings
      30 1 Wanting to 'do drama for real', Ivan Hcng saw his dream come true when he won the BAT Co (Singapore) Ltd's $120,000 Arts Scholarship yesterday Page 19
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    • Article
      Second thoughts
      49 1 THE steam is going out of the drive towards European union. The Gulf crisis has not just brought about a temporary delay in the process of integration. It has essentially laid bare centuries-old fault lines that many say will always divide Europe into nation states Page 12
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    • Article
      Air cargo squeeze
      51 1 AIR-CARGO carriers in Singapore arc facing a space squeeze on shipments to major markets in Europe and the US. Hemmed in by the traditional year-end rush to meet overseas orders, the capacity shortage has been aggravated by the ripple effect from the Gulf crisis. Shipping Times Page
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  • MARKETS SUMMARY
    • Article
      Dow lower
      35 1 US BLUE CHIPS erased early gains and posted losses in morning activity as bargain hunting eased. The Dow 30 fell about four to 2,448, with dcclincrs outpacing gainers by about six to five.
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    • Article
      Footsie lower
      38 1 LONDON share prices were lower at midday yesterday after an early rally dried up. At about 12:15 pm (1115 GMT), the Financial Times-Stock Exchange 100-share index was down 2.6 points, or 0.1 per cent, at 1,987.7.
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    • Article
      Loss turned to profit
      33 1 A CHANGE of accounting policy has enabled Hong Fok Corporation to turn a $2.94 million pre-tax loss for the first half into a near $14 million profit Page 3
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    • Article
      Paying dividends
      37 1 GIVEN the paperless trend, the abolition of physical delivery of scrip or share certificates makes a lot of sense, especially when other major markets are already paperless or intending to go that way Page 3
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    • Article
      Worry over US banks
      26 1 THE sharp drop in US bank stocks is signalling a deep recession and possibly some bank failures, several strategists say Paige 7
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    • Article, Illustration
      STOCK INDICES
      29 1 Tuesday Change BT-MGA 567.22 -10.32 Kuala Lumpur ....484.43 -10.38 Hongkong 2,807.50 -54.27 Tokyo 23,359.32 -418.51 Sydney 1393.6 -20.3 Monday Change New York 2,452.97 -59.41 London 1,990.3 -35.2
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    • Article
      CURRENCIES
      17 1 USS S$ 1.7650 Yen SJI.2907 MS SS0.6535 Money market rates Overnight 5-7/8 3/8 3-month 6-1/2% unch
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    • Article
      COMMODITIES
      34 1 PM fix US$403.75 US$11.25 Rubber S'porc Oct.... l55.50*/kg +0.25 M'sia Oct 238.50«/kg +0.50 KL Tin Turnover I05tonncs +25 Spot M$ 15.65/kg +0.15 Cmde pain oil Turnover 387 lots +10 Oct M$672 /tonne -1.00
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  • Article
    Passion for new share issues cools
    500 1  -  Banks are taking their time with financing schemes this time round By Magdalene Ng THE RECENT spate of new share issues has stirred little interest among investors and bankers, in sharp contrast to the long queues for application forms and widely advertised share financing
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  • Article
    Oil companies stock up as prices shoot past US$40
    343 1  -  The Gulf Crisis By Lilian Ang THE MOUNTING tension in the Middle East continued to send oil prices soaring yesterday in a robust market. With the prospect of war looming larger, most traders have preferred to maintain a long position. Industry
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  • Article
    Asian markets hit by rising oil prices
    170 1 ASIAN STOCK markets yesterday dropped sharply because of soaring oil prices and Monday's sharp declines on major bourses in Europe and the US. The oil price for the West Texas Intermediate November contract had jumped US$2.B2 in New York on Monday to close
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  • Article
    Lock icon UN has power to suppress aggression, Shev tells Iraq
    278 1 Agencies SOVIET FOREIGN Minister Eduard Shevardnadze, in a hard-hitting spcech which came close to threatening a use of force, warned Iraq yesterday that the United Nations had the power to suppress acts of aggression. But, in a speech prepared for delivery
    Agencies  -  278 words
  • Article
    LAW PAGE
    48 1 In our fortnightly Law Page, on Page 14: Arc you thinking of doing business abroad? If so, call your lawyer first Coffee-Bar talk: some legal 'gossip' at the recent Law Acadamy conference Case Digest: Death certificate evidence, plus the appeal that's sunk from the very beginning
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  • Article, Illustration
    Election of new SFCCI chief opens old wounds
    483 1  -  By Yong Pow Ang OLD WOUNDS in the Singapore Federation of Chambers of Commerce and Industry (SFCCI) surfaced yesterday during the election of a new president when members had to resort to a secret ballot. Mr G Ramachandhran, SFCCI president between 1986
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      300 1 I EXECUTIVE I PLACEMENTS g *****62 Aircraft Schedule 29 Money Changer Rates 29 World News 8.9 Commodities 28 Money Market 27 World Stock Markets 26 Crypto Crossword 29 Regional News 8 Editorial 12 Reaonal Stock Markets 25 For market mchces, edrtorial. Financial News 7 SES 20,21 advertising and circulation ex
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      Page 1 Advertisements Column 2
      30 1 Further equity sales by KIO feared, Back Page Financial packages for countries hit, Pg 15 Second thoughts surface in EC, Pg 12 Tehran seeks to fill traditional role, Pg 13
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      Page 1 Advertisements Column 3
      87 1 f\ Gtbfa>*y Of (Ucdltt^z (■tawiH SINCE 1888 V \J Made in WEST GERMANY Sole Agent: H. W. Shelley A Co. (Pte) Ltd. Seafood-Theatre Restaurant Cantonese-Thai Cuisine Everything's fresh* A month's renovations and were ail set to serve you even better! A newly-refurbished interior An extended menu with more value and
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        National Accident-Free Awards presentation
        69 2 THE 1990 National Accident-Free Awards were presented yesterday at the Opening Ceremony of the seminar on SelfAudit on Safety by the chairman of the Government Parliamentary Committee (Labour) and MP for Kebun Baru, Mr Lim Boon Heng. The Ministry of Labour said that the award was
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      • Article
        Egypt's new ambassador
        56 2 THE AMBASSADOR of the Arab Republic of Egypt, Mr Elsaid Abdel Fattah Ragab, yesterday presented his credentials to President Wee Kim Wee at the Istana. Mr Elsaid joined Egypt's diplomatic service in 1963 as diplomatic attache. He has held different ranks in Egyptian diplomatic missions in Mexico,
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      • Article
        Motorola training courses
        74 2 MOTOROLA Inc's Far East manufacturing operations will be conducting a series of customised training courses in Singapore from today until October 10, and in Taipei from October 12 to 19 for more than 100 selected Asia-Pacific based suppliers. According to Motorola, more than 40 per cent of
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      • Article
        Air defence exercise
        66 2 THE MEMBER nations of the Five Power Defence Arrangements are holding a four-day combined live air defence exercise in Malaysia and Singapore. The Ministry of Defence said that the exercise, codenamed Major ADEX 90-4, is being conducted by Headquarters Integrated Air Defence System (HQIADS) located in Butterworth,
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    • Article
      Local toolshop signs pact with Japanese firm
      306 2  -  By Schutz Lee A LOCAL toolshop and a Japanese tool and die maker have signed an agreement to train Singapore technicians in component grinding. The agreement was concluded at the end of a private Japanese mission to Singapore early this month. The delegates
      306 words
    • Article, Illustration
      Nantong delegation visits Singapore
      205 2  -  By Claire Leow A SIX-MEMBER delegation from the Chinese city of Nantong is here to learn how to manage its industrial development. Led by its mayor, Ms Xu Yan, the other five members are from the Nantong Economic Technological Development Zone Corporation. The zone was approved
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    • Article, Illustration
      Maritime Square gateway
      91 2 THIS IS the Expo Gateway, the central atrium which connects the various facilities at Maritime Square. It will be built by local construction firm Woh Hup, which won the $82.88 million contract from the Port of Singapore Authority. The contract also includes the building of three new
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    • Article
      A new breed of entrepreneurs versed in technology
      248 2 A NEW breed of entrepreneurs is emerging in Singapore. They come from the engineering and technology fields and will replace the declining breed in the trading sector. This observation was made by the Member of Parliament for Paya Lebar, Mr Philip Tan,
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    • Article
      Dr Tay: We can weather recession by being adaptable
      274 2 SINGAPORE can weather a possible world recession brought on by the tense situation in the Gulf by being adaptable, said Dr Tay Eng Soon, the Senior Minister of State for Education. Changes resulting from new technologies and new markets usually demand
      274 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      396 2 GOOD IDEAS KEEP COMING UP Uncecedßrtal darity. Amazing performance The lightest, smallest, full featured The new choice in portables. notebook computer. Only 2kg in weight, and 34 mm thin. But it packs all the performance HI L kflj of a 286 desktop. fIL the beauty the What's truly amazing is
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Policy change turns loss into profit for Hong Fok
      463 3  -  By Lee Han Shih A CHANGE of accounting policy has enabled Hong Fok Corporation to turn a $2.94 million pre-tax loss for the first half into a near $14 million profit. Yesterday, the property group said it made two changes starting
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    • Article, Illustration
      Keppel buying SSL stake in two engineering firms
      332 3  -  By David Chew STRAITS Steamship Land (SSL) is selling its substantial engineering interests in two companies to its parent Keppel Corporation for $17.4 million. The sale will free SSL to concentrate on its core businesses of property development and investment, and leisure
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    • Article
      Amtek posts 4.6pc rise in earnings
      229 3 SESDAQ-LISTED Amtek Engineering Ltd yesterday reported a 4.6 per cent rise in group profit after tax and minority interests to $7.03 million for the year ended June 30, 1990. The group's turnover also grew by 13 per cent to $58.66 million, while its pre-tax
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    • Article
      Scripless trading pays dividends
      768 3  -  THE HOCK LOCK SIEW COLUMN By Amy Balan PAPER IS OUT. Even paper money. Today, your salary is credited straight to your account. You can pay your PUB and Telecom bills, maid levies, club subscriptions and a host of other bills through Giro. There are credit
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    • Article
      LKT ups interim profit, expects better second half
      280 3 CONTRACTOR Lee Kim Tah Holdings (LKT), announcing a small interim profit yesterday, said it expects an improvement in the second half of this year. LKT achieved a group pre-tax profit of $392,000 on a turnover of $27.5 million for the first six
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    • Article
      Interim profit at United Engineers up marginally
      215 3 UNITED ENGINEERS Limited turned in a marginal increase in group interim profit despite a hefty increase in turnover. Group profit after tax and minorities grew one per cent to $1.91 million for the first half of this year. Earnings per share, after adjusting
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    • COMPANY BRIEFS
      • Article
        C K Tang confirms BT report
        102 3 C K TANG yesterday confirmed a BT report that it was,, negotiating with certain parties concerning its plans to set up\ shop in Kuala Lumpur, but has yet to sign any agreement. BT had reported last Saturday that C K Tang was close to
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      • Article
        New directors at Bousteadco
        53 3 JACK CHIARAPURK and Chong Hon Leong have been appointed directors of Bousteadco Singapore Ltd with effect from Sep 24. In another development, Sunshine Investments Ltd said Xie Ning Yun is no longer an executive director with effect from Sep 21. But he remains on the board
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      • Article
        Inno-Pacific to buy Hagley
        76 3 INNO-PACIFIC Holdings Ltd, a Singapore-based Innovest Berhad subsidiary, is to acquire Hagley and Hoyle gram Design Pte Ltd for 5511.70 million to be satisfied by the issue of 8.67 million Inno-Pacific shares priced at-' SS 1.35 each. In a statement in Kuala Lumpur yesterday,/-Inno-Pacific said it
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      • Article
        Bank Negara explains deal
        71 3 BANK NEGARA said yesterday that its proposed disposal of shares in United Asian Bank Bhd to Bank of Commerce*-. Bhd was valued at the cost of its investment in UAB since* 1986, including its holdings cost. Bank Negara's manager for banking regulations, Mr Abdul Murad Khalid.
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    • Article
      RDC gets extension for Gali Batu operation
      195 3 THE National Development Ministry has decided to allow Resources Development Corporation (RDC) to operate its Gali Batu quarry for an additional year. A one-paragraph statement issued yesterday by puMidylisted RDC said the scheduled closure of the quarry will be deferred from April 30,
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      Page 3 Advertisements Column 1
      205 3 J 44 Hi, I'm John, I'm not in my car at the moment Kindly leave your Announcing the most advanced car phone available today the Uniden CP 3000. Just check out these hi-tech features: Built-in Answering Machine It's the only car phone with digital answering facility to record messages from
      205 words
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Fletcher sells deepwater fishing interests
        93 4 NEW ZEALAND'S biggest company, Fletcher Challenge Ltd (FCL) said yesterday it has sold its deepwater fishing interests for NZ$l9O million. Sealord Products Ltd, a subsidiary ot Carter Holt Harvey Ltd (CHH) of New Zealand, has purchased the bulk of the interests. It said that in
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      • Article
        Fully automated trading
        89 4 THE AUSTRALIAN Stock Exchange (ASX) will move to fully automated trading through the Stock Exchange Automated Trading System (SEATS) for all transactions, effective October 1 It said all trading floors would therefore be closed from Friday, Sep 29, except facilities that will continue to be required for
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      • Article
        Hwang advertises his offers
        78 4 HWANG CHOU-SHIUAN is trying to use the results of his takeover targets Evergo International and Chinese Estates to his advantage, the South China Morning Post reported on Monday. Mr Hwang took out advertisements in Hongkong media to emphasise how much better his offers are than current
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      • Article
        Strengthening MC Electronics
        89 4 MC ELECTRONICS Co Ltd, a 76.9 per cent owned unit of Japanese trading firm Mitsubishi Corp, will absorb whollyowned Mitsubishi unit Comsys Co Ltd on Oct 1, 1990, a Mitsubishi Corp spokesman said. Chemical company Mitsubishi Kasei Corp holds the remaining 23.1 per cent of MC Electronics,
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      • Article
        Tambang Timah faces problems
        81 4 INDONESIAN state-owned tin mining company PT Tambang Timah faces financial troubles because of falling tin prices and low demand in the international market, The Jakarta Past said on Monday. Minister of Mines and Energy Ginandjar Kartasasmita said in a government hearing that high operational costs and
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    • Article
      Red tape hindering Indonesian projects
      195 4 BUSINESSMEN in Indonesia continue to complain about arduous procedures for acquiring land for industrial estates despite the government's recent measures to stimulate privateinvestments in that sector, The Jakarta Post reported on Monday. Halim Shahab, chairman of the Industrial Estate Association, said over the weekend that
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    • Article
      Hang Lung blames Aussie losses for setback
      530 4  -  From Florence Chong in SYDNEY LOSSES in Australia have been blamed for the drop in profit of Hongkong-based Hang Lung Development Co for the last financial year. Hang Lung directors attributed the disappointing results to a decision to sell its Australian operations and
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    • Article
      Aussie firm to build US$150m hotel in Indonesia
      393 4 AUSTRALIA'S Oakford Group is planning to build a US$l5O million, all-suite hotel in Indonesia, according to The Jakarta Post. The company announced that negotiations have started to establish a joint-venture company to build the hotel. "We are also seeking local Indonesian partners
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    • Article
      Lock icon Toyota tidying up plan to boost US car sales
      294 4 Reuter TOYOTA Motor Corp, whose share of the US car market nearly matches that of Chrysler, is close to announcing plans to build a second US assembly plant that could help boost American car sales even higher, a company official said.
      Reuter  -  294 words
    • Article, Illustration
      Lock icon Boss adds mileage to promotion
      59 4 Nobuhiko Kawamoto, president of Honda Motor Co Ltd, seated on the fender of Hie Ifll Acdy posing for photographers before a media briefing on Monday in Dearborn, Michigan. Mr said be standard for both driver and passengers, by the 1994 model year on all Honda
      Renter picture  -  59 words
    • Article
      HK moves to close disclosure loophole
      198 4 COMPANY LAW reformers and the Hongkong government have tightened up on share disclosure legislation, the South China Morning Post reported on Monday. The Standing Committee on Company Law Reform has agreed that exemption of discretionary interests should not create a loophole. The Securities (Disclosure
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Continental rejects Pirelli's merger offer
      488 5 AFP, Reuter WEST GERMAN tyremaker Continental has rejected a proposal from Italian group Pirelli to merge their tyremaking operations but agreed to continue negotiations. Continental considered the Italian group's proposal "in its current form" a hostile takeover bid, but "the door remains open for other
      AFP,; Reuter  -  488 words
    • Article
      Lock icon Cepsa to raise share capital
      247 5 Reuter OIL GROUP Compania Espanol de Petroleos SA (Cepsa) said it would increase its capital next month to allow France's Societe nationale Elf Aquitaine SA to take a 20.5 per cent stake in Cepsa. Cepsa will issue one share for every four existing shares at
      Reuter  -  247 words
    • Article
      Lock icon UAL says buyout not supported: pilots
      282 5 Reuter THE United Airlines unit of the Airline Pilots Association said UAL Corp's chairman Stephen Wolf is telling UAL's board that employee ownership is not widely supported by the union's members. "Unfortunately, some members of the board believe him, and the board will decide
      Reuter  -  282 words
    • Article, Illustration
      Lock icon Lockheed amends poison pill provision
      307 5 Reuter LOCKHEED Corp said its directors voted to amend its poison pill shareholder rights plan, allowing it to be suspended in the event of a written "qualifying offer" to acquire the company, but rejected a request by investor Harold Simmons to allow him to raise
      Reuter  -  307 words
    • COMPANY BRIEFS
      • Article
        Time Warner, United in Hungarian venture
        98 5 TIME WARNER Inc and United International Holding Inc said they have agreed to form a 50-50 joint venture to develop and operate cable television systems and provide cable programming services in Hungary. The two companies said in a joint statement that they would work
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      • Article
        Judge to release Milken memo
        120 5 A US FEDERAL JUDGE ruled on Monday that she will make public a pre-sentencing memo written by the government in the Michael Milken securities fraud case. Prosecutors are suggesting in the memo, which has been kept confidential, that the judge in passing sentence also consider
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      • Article
        Fraud scheme against Ferranti
        88 5 A HOLDING COMPANY of James Guerin, the ex-vice-chairman of Ferranti International pic, pleaded guilty in US District court to a one-count racketeering charge in connection to an alleged fraud scheme against Ferranti Parrot Industries Inc agreed to US$4.4 million in fines in a plea agreement approved
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      • Article
        Bollore ups Rivaud stake
        59 5 FRENCH industrial group Bollore announced on Monday that it has strengthened its stake in Rivaud by buying the shares held in that group by Sasea and Comfinance. The communique said Bollore and the Rivaud Group want to "develop a joint industrial strategy". The whole deal is
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      • Article
        Three firms to merge
        64 5 INVESTMENT and share dealing company New Wits lid, its main operating arm Selected Mining Holdings Ud, and exploration, financial and investment company Witwatersrand Deep Ltd announced a proposed merger with effect from last July 1. All three companies belong to the Gold Fields of South Africa
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      • Article
        Proventus sells Gota shares
        50 5 SWEDISH investment group Proventus said it sold its stake in hanlring and finance group Gota to insurance group SPP in a deal worth 3.2 billion crowns for Proventus. The announcement followed an earlier suspension of trading on the Stockholm bourse in shares of Gota and Proventus.
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      123 6 Die Devisen brieftasche The Currency Binder i m LePortefeuille m MPortafoglio 1 PORSCHE DESIGN I 4 j lOCIP U f O j s. I Der Aktenkoffer The Attache Case L Attache Case LaValiqetta Portadocumenti PORSCHE DESIGN Die Faltbrille |t m The Folding Glasses Les Lunettes Plia nt e s PORSCHE
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  • FINANCIAL NEWS
    • Article, Illustration
      Lock icon Concern over US bank stocks
      416 7 NYT THE sharp drop in US bank stocks is signalling a deep recession and possibly some bank failures, several strategists say. And while the broader market, battered though it is, does not yet fully reflect this, the severe drop in bank issues over the last
      NYT  -  416 words
    • Article
      New regulations for insurance agents from Oct 1
      403 7  -  By Quak Hiang Whai ALL GENERAL insurance agents must be registered from next Monday and those without the required qualifications will be given provisional registration status for three years. In an announcement yesterday, the General Insurance Association of Singapore (GIAS) said it
      403 words
    • Article
      Lock icon HK set to reduce lifeboat levy
      320 7 Reuter HONGKONG is poised to slash the HK$3O "lifeboat levy" on index futures trades in the hope of breathing some life back into what was briefly the world's second most heavily traded index futures market. Three years after the October 1987 crash, Hongkong's Hang
      Reuter  -  320 words
    • Article
      Lock icon FDIC confident it will get US$100b
      285 7 Reuter FEDERAL Deposit Insurance Corp chairman William Seidman said he was confident Congress would accede to his request that the agency be given US$lOO billion in fiscal 1991 to clean up the savings and loan problem. "My reading of it is that the Congress
      Reuter  -  285 words
    • SMALL CHANGE
      • Article
        Deutsche aims for 10pc of E German market
        73 7 DEUTSCHE Bank AG aims to win 10 per cent of the East German private client banking market, almost double its share in West Germany. The East German news agency ADN quoted management board member Georg Krupp as saying Deutsche Bank planned to
        73 words
      • Article
        Westpac to cut prime rate
        64 7 WESTPAC BANKING Corp will lower its indicator lendiM (prime) rate to 17.0 per cent from 17.25 per cent, from Oct 4. Westpac's chief operating officer Frank Conroy said in a statement the cut reflected recent falls in market interest rates. The prime lending rates of
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      • Article
        McCormick to take over funds
        70 7 McCORMICK Capital Inc was given approval by US District Judge Milton Shadur for its McCormick Futures Management Inc division to operate seven commodity funds once handled by Stotler Funds Inc. The funds include Advanced Portfolio Management Limited Partnership 11, Stotler Futures Fund, Stotler Heartland Futures
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      • Article
        US thrifts cut losses
        88 7 US SAVINGS and loan associations had a loss of US$l96 million in the second quarter of 1990 versus a loss of million in the year ago period, the Office of Thrift Supervision said. The second quarter results followed a first quarter loss of US$374 million and
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
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      Page 7 Advertisements Column 2
      124 7 V Helpful hints compiled in handy leaflets, to keep you Look out for more coming your way, and let us in the pink of health! work with you towards a healthy lifestyle! Get your personal set of three in a series that covers Send in your coupon now or call
      124 words
  • Page 7 Miscellaneous
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  • THE REGION
    • NOTE BOOK
      • Article
        Group to promote S Korea-Vietnam trade
        69 8 SOUTH KOREA and Vietnam will set up a private economic oooperation group early next year to facilitate bilateral trade, a spokesman for the International Private Economic Council of Korea (Ipeck) said on Tuesday. Ipeck vice-chairman Whang In-joung and Pham Chi Lan, deputy secretary general
        69 words
      • Article
        Indon export income up 10pc
        95 8 INDONESIA'S export income surged by 10 per cent in the first five months of 1990 to US$9.4l billion from US$B.55 billion a year earlier, the Central Bureau of Statistics (CBS) said yesterday. Revenues from oil and gas grew to US$3.B4 billion in January-May, up 11.66
        95 words
      • Article
        HK inflation up
        43 8 HONGKONG'S broadest-based measure of inflation, the consumer price index (CPI) 'A', rose 9.4 per cent in August from the same month a year earlier, Census and Statistics Department data showed. The August CPI rise is unchanged from July's year-on-year increase.
        43 words
      • Article
        Malaysia, Mexico sign pact
        63 8 MALAYSIA and Mexico, in the spirit of the decision reached during the recent meeting of the group of 15 developing nations, have signed a bilateral payments arrangement a trade-enhancing financial mechanism to promote bilateral trade. The agreement was signed in Washington on Monday by Bank Negara
        63 words
      • Article
        Guarantees for Sihanouk sought
        99 8 THE CAMBODIAN resistance wants guarantees that Phnom Penh is ready to accept Prince Norodom Sihanouk as head of the new Supreme National Council (SNC), Cambodian and diplomatic sources said yesterday. "We want to have assurances that Phnom Penh definitely accepts Prince Sihanouk as the (SNC) chairman
        99 words
      • Article
        Cutback in letters of credit
        97 8 THE BANKERS Association of the Philippines (BAP), the country's main banking group, has agreed to cut back letters of credit for imports by 20 per cent, BAP officials said in Manila yesterday. Non-essential items such as cosmetics, liquor and other luxury goods will be affected
        97 words
    • Article
      Five Thai provinces call for boost in tourism
      222 8 TOURISM-RELATED firms in five provinces in the south of Thailand have urged their government to help stimulate the area's tourism industry so that they can better compete with Malaysia, according to a report in Monday's Bangkok Post. About 1.6 million foreign tourists
      222 words
    • Article
      Lock icon Overseas mainland Chinese can now work in Hongkong
      343 8 AFP MAINLAND Chinese who have lived abroad for two years will, for the first time, be allowed to take jobs in Hongkong under new government rules, an Immigration Department spokesman said yesterday. The spokesman said the rule, which comes into effect on
      AFP  -  343 words
    • Article
      Lock icon US seeks new bases pact with Manila by early '91
      411 8 Reuter THE UNITED States is hoping for a pact by early next year allowing it continued acccss to naval, training and air facilities in the Philippines after a gradual withdrawal of American forces, the US Ambassador said yesterday. But Ambassador
      Reuter  -  411 words
    • Article, Illustration
      Lock icon Trade thrives in old battlefield where Chinese once fought Vietnamese
      622 8 Reuter PEOPLE say things move slowly in Vietnam. But when China agreed recently to let an official Vietnamese delegation travel by land to Beijing for the first time since the two countries fought a border war in 1979, construction workers
      Reuter; Reuter picture  -  622 words
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      50 8 5 QvJf*!? An Australian Sports Marketing Event I j| J l b b_ SB EDBERG vs CHANG 5 PLUS SUPPORT MATCH FEATURING TWO INTERNATIONALS SINGAPORE INDOOR STADIUM 7PM SATURDAY 29TH SEPTEMBER 1990 WISMA ATRIA CLIFFORD P!ER PROUDLY SPONSORED BY VOLVO pBB longines ma ms^ S,I A?RLinEI ThiWistinStamford E|mSJ AIRLinES W«vOorr
      50 words
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      Page 8 Advertisements Column 2
      267 8 S S»T ty MBA 3rd Intake By Distance Learning Commencing in January 1991 Admission Criteria Innovations and Strengths Founded in 1927, The University of Hull is one of the most FIR^ T prestigious British universities. It is a centre of excellence in m a cTc* management systems and science. Applicants
      267 words
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  • THE WORLD 1
    • Article
      Lock icon New Zealand minister expects budget surplus
      394 9 Reuter NEW ZEALAND Finance Minister David Caygill said yesterday his government could achieve a financial budget surplus in the year to June 30, 1991, despite large costs linked to collapsed merchant bank DFC New Zealand Ltd and the Clyde hydro-electric dam. The costs amount
      Reuter  -  394 words
    • Article
      Lock icon Cost of New Zealand dam soars
      254 9 AFP ONE OF New Zealand's biggest hydro-electricity projects, already two years behind schedule, will cost 44 per cent more than expected, a government report released yesterday said. The Clyde dam on the Clutha River, 600 km southwest of Wellington, was priced at some NZ$l.2
      AFP  -  254 words
    • Article, Illustration
      Lock icon Standing up for his reforms
      50 9 Soviet economist Stanislav Shatalin speaking from the floor of the Soviet parliament oo Monday to insist that the 500-day economic programme he champions be adopted. "There can be no compromises between the government programme and that of the president," he said. Reuter picture Reuter picture
      Reuter picture  -  50 words
    • WORLD WATCH
      • Article
        French August trade deficit higher
        69 9 FRANCE'S seasonally adjusted trade deficit widened to 5.34 billion francs in August from a revised 5.08 billion in July, provisional customs office data showed. The July deficit was originally estimated at 4.64 billion francs. Economists had been expecting an August deficit of about 4.8 billion
        69 words
      • Article
        Japan's economy still booming
        82 9 JAPAN'S index of leading economic indicators rose to 80.0 in July, above the so-called "Boom or bust" Line of 50, the government's Economic Planning Agency said. The index, which is designed to foreshadow future business conditions, was at 61.5 in June. The coincident indicator, which moves
        82 words
      • Article
        More Egyptian troops
        56 9 A SECOND CONTINGENT of Egyptian troops has begun to take up positions in Saudi Arabia about 60km from the Iraqi border. The official Saudi Press Agency said yesterday the first troops from the mechanised division arrived on Friday in the Hafar al-Batin area from the Saudi port
        56 words
      • Article
        Bangladeshi ambassador leaves
        75 9 IRAQ yesterday issued exit visas to the Bangladeshi ambassador in Kuwait and four other diplomats stranded in Baghdad for 10 days amid hectic diplomatic manoeuvrings and threats from Dhaka of retaliation, diplomatic sources said. Ambassador K M Shehabuddin and his colleagues, who had been waiting for the
        75 words
      • Article
        Canada joins US-Mexico talks
        75 9 CANADA will participate in negotiations with the US and Mexico for a North American free-trade zone, thus reducing Candada's risk of economic isolation, officials said. Foreign Trade Minister John Crosbie said Canada's decision made on Monday after nudging by the Royal Bank of Canada would provide
        75 words
      • Article
        Threat to S Korean economy
        56 9 EXCESSIVE GROWTH in service industries and "extravagant consumerism" could undermine the South Korean economy, the National Tax Administration said in a report yesterday. Figures showed that hotels, restaurants and the construction industry were growing at a faster rate than manufacturing and that "extravagant consumerism is
        56 words
    • Article
      Lock icon West urged to help Poland by cutting debt
      413 10 Reuter POLAND'S drive to democracy could be derailed unless industrial nations take the lead in a programme to cut the country's massive debt, West Germany's top commercial banker said on Monday. Hilmar Kopper, chairman of Deutsche Bank, told reporters that debt payments
      Reuter  -  413 words
    • Article
      Lock icon E German economic miracle has to wait
      421 10 Reuter DESPITE Chancellor Helmut Kohl's brimming optimism, it will take years to turn East Germany from an industrial wasteland into an economic wonderland. Conservative politicians, seeking re-election in Dec 2 pan-German polls, say the East will become a land of plenty soon after
      Reuter  -  421 words
    • Article, Illustration
      Lock icon Kohl acted while those around him dithered
      310 10 AP HELMUT KOHL engineered German reunification in rapid time, seizing the initiative from critics who fretted over finances and political implications of the historic merger. It was a remarkable performance by the burly Kohl, known more for heavy-hand-ed politicking on the domestic sccnc
      AP  -  310 words
  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      170 9 j| After only two days wanted JBBv to 1 indulge myself for a job well done. Being the youngest person ever admit i Hjf Hfej: ted to partnership in my firm's history, was quite achievement. And a my career symbol my newfollow m\ Sincere Watch a tall order. Perhaps that
      170 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      32 10 I ©ur launch Buffet I 1 09 Hi} fp7e <sA ba (-arte fpwis-t. I I mme I FOR RESERVATIONS PLEASE CALL 731-7934. ROYAL CROWNE PLAZA' SINGAPORE 25 SCOTTS ROAD, SINGAPOREO922. m 737-7966.
      32 words
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      Page 10 Advertisements Column 2
      143 10 Unmk f m COMPUTER VIRUSES Are you prepared for such attacks? Sytttni ManaQt>m#nt ■UuliiUBSUHi Antt-Virus Software PC Magazine's Editor Choice! Prevents running of new or modified software! Prevents virus replication and destructive trigger activity! Detects known virus code and Team* new viruses! Removes computer viruses from your system! Automatically recover
      143 words
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      315 11 f Canon tow M hoM kMX WM BMCS KUMW *V V v^y .flP* i" r t •V > \m\. WORK'AHOLrCS./ .U. ifV. -f\ x qy- v t v prides itself in producing just one type of for high-performers like these. Reliable, efficient and high volume copier. The workaholic. The type
      315 words
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  • Article
    A market-place of legal ideas
    455 12 EDITORIAL The Law Academy got off to a good start with last week's conference on Regulation of the Markets. The conference, organised by the Attorney-General's Chambers and the Commercial Affairs Department, attracted more than 100 foreign and local delegates, including one lawyer who was inspired
    455 words
  • WHAT THE OTHERS SAY
    • Article
      Support for religion Bill
      216 12 THE PARLIAMENTARY Select Committee hearings on the Maintenance of Religious Harmony Bill, which ended last Friday, demonstrate clearly that there is general acceptance among Singaporeans of the need for legislation to establish ground rules on what is, and is not, acceptable behaviour in a multi-religious society.
      216 words
    • Article
      Preaching harmony
      137 12 ALTHOUGH THE two-day Select Committee hearings on the religious harmony Bill saw some reservations and even outright rejection, the general view was that proper legal checks are necessary to maintain harmony in Singapore. The Islamic Religious Council's submission has been described as the main highlight of the hearing.
      137 words
    • Article
      Mix and talk more
      121 12 A SURVEY conducted by the Institute of Policy Studies shows the three main races in Singapore have established a strong national identity. It is not a bad thing that Malays debate among themselves over how to improve their well-being and Indians are talking about why their
      121 words
  • REGIONAL VIEWPOINTS
    • Article
      Drafting concrete steps
      161 12 IT IS fortunate that the current talks between the Philippines and the United States on the future status of the American bases in Indonesian's fellow Asean country are, due to a favourable and unexpected twist in developments, based on a similar premise. Both sides have reached the
      161 words
    • Article
      Cautious optimism
      170 12 THE BROAD agreement on the repatriation of boat people reached in Hanoi on Saturday has given Hongkong cause for cautious optimism that the burden borne so reluctantly for so long will eventually be removed. Previous claims of agreements have turned out to be spurious, leaving Hongkong frustrated and
      170 words
    • Article
      Who is to blame?
      161 12 WHEN THE national Supreme Soviet met again on Monday, Prime Minister Nikolai Ryzhkov's days could have already been numbered. Last Thursday, the Russian republic's parliament overwhelmingly approved a resolution urging Ryzhkov and his Cabinet to resign because they were incapable of solving the Soviet Union's economic
      161 words
  • Article, Illustration
    Lock icon Second thoughts surface in the EC
    901 12  -  The Gulf crisis seems to have taken the wind out of the sails of European union. Giles Merritt reports Giles Merritt IHT THERE has been an abrupt change of mood in Western Europe. All of a sudden the steam is going out of the
    IHT  -  901 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      71 12 $4 A MONTHLY MAGAZINE OF BUSINESS TRENDS Hope of mega-bucks luring many Into the leisure industry Wah-Chang's Phuket bet More Singaporeans are homing in on property investments overseas Singapore joins the global fight against money laundering High-tech biotechnology drive is paying off Investment spotlight on Jack Chia-MPH and Wing Tai
      71 words
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      Page 12 Advertisements Column 2
      309 12 Improve Your Communication Skills! Effective communication is the key to business success. Let our specialists in the Business Communication Unit t R/l give you that competitive edge! Confidence in Speaking 4) A course on correct pronunciation to help you speak with confidence and poise. Courses start: 11 Oct, 8 Nov,
      309 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      64 12 DOONESBURY BY GARRY TRUDEAU 43 QAtS, MAN. I MAS GONNA BE AU, I COULD II wfjxu TI/ HOW LONG ANPIUTEU, Be.UND&STANP? I MAS GONNA QAHN.IF&L VOLdeeN YOUONZTMNO- GET A FR& EDUCATION, SEE THE IBETRAYED' IN TUB 15UR3DIDN7 WORLD, LEARNHOUJTOPRO- |JgS3l«l ML Jf I GULF.RAi 7 BARGAIN FORTHIS J GRAM COMPUTERS!
      64 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon Caught in an identity crisis
      865 13  -  Alan Riding on Nato's struggle to find a reason for its existence in a changed Europe Alan Riding NYT HAVING concentrated entirely on deterring Soviet aggression over the past 40 years, the North Atlantic Treaty Organisation is now struggling to find a new role for
      NYT  -  865 words
    • Article
      Lock icon Tehran seeks to fill its traditional role
      741 13  -  Iran may see a resurgence of its regional power, thanks to the Iraqi invasion of Kuwait. Hall reports Eric Hall Reuter Television pictures of a Soviet-made MiG-29 fighter rolling out of an Iranian aircraft hangar on Saturday are a sign that the Gulf
      Reuter  -  741 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      180 13 WHAT DOES ITTAKETO MAKE TOR EYES POP? j|t ill 181 Music Lounge. V fingers clicking. Besides the Where the eye-popping fashion show, we also make excitement of models on MM* c 1"u 1 c many eyes pop parade, every Mon, Wed and during HAPPY HOUR, /IM^A Thur from 9pm, is
      180 words
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  • THE LAW PAGE
    • Article, Illustration
      Lock icon Have legal advice will travel
      554 14  -  Thinking of doing business abroad? Give your lawyer a call first, David Gabriel advises David Gabriel SINGAPOREAN businessmen and entrepreneurs are being urged to go overseas. Setting up operations in other countries, buying companies and technology and going into joint ventures is the way forward.
      Punch  -  554 words
    • Article, Illustration
      Coffee-Bar chit-chat
      493 14 The academy of Law Conference on the Regulation of the Markets last week presented lawyers with an opportunity to meet and exchange views. There was much to talk about during breaks, especially when fired up by a presentation. In some ways, the "coffee talk" gave insights into the
      493 words
    • Article
      True copy of death certificate acceptable evidence
      435 14 CASE^ Chia Kay Heng Another v Chia Kim Siah Another Court of Appeal in the Republic of Singapore. Justice Wee Chong Jin, Chief Justice, Justice Lai Kew Chai and Justice Yong Pung How THE APPELLANTS, KH Chia and W H Chia, agreed to
      435 words
    • Article
      An appeal that's sunk from the start
      427 14 Uni-France Offshore Engineering Pte Ltd t The Owners of the ship or vessel Interippu High Court of the Republic of Singapore. Judicial Commissioner Chao Hick Tin REPAIR WORK was done on a barge owned by Corporate Machineries Pte Ltd, called the Engineer 103,
      427 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      173 14 Hewlett-Packard's customer support... as committed as Baird's devotion to improving TV. ■n* Customer 3 That's what John Logie Baird excelled in, after he invented bH v v 4^y*ft? B§ mF% television in 1926. J He worked untiringly on his m company's sets to perfect B?L~ wl them from the 30
      173 words
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  • FOCUS
    • Article, Illustration
      Lock icon UN ready to set total air embargo in motion
      504 15 Reuter THE United Nations Security Council, under the chairmanship of Soviet Foreign Minister Eduard Shevardnadze, was set to impose a stringent air embargo yesterday against Iraq and Kuwait, prohibiting almost all passenger and cargo traffic. Instead of a vote by ambassadors,
      Reuter  -  504 words
    • Article, Illustration
      Lock icon Aid for nations hit by conflict
      920 15 The Gulf Crisis IMF, World Bank plan packages for those directly or indirectly affected NYT, Reuter THE International Monetary Fund (IMF) has been given the goahcad to adapt its lending programmes to assist those countries hardest hit by the Gulf crisis. However, after meeting
      NYT,; Reuter  -  920 words
    • Article
      Lock icon IEA members reluctant to draw on oil stocks
      315 15 Reuter WESTERN governments are reluctant to draw on their strategic oil stocks at a time when there is so much uncertainty about developments in the Gulf, a senior International Energy Agency (lEA) official said on Monday. "A stock draw would come as
      Reuter  -  315 words
    • Article
      Lock icon No windfall for us, say Saudis
      232 15 AP SAUDI ARABIA is producing oil at its maximum capacity but is not reaping windfall profits from higher oil prices, the country's finance minister said on Monday. Mohammad Abalkhail said in a speech at a meeting of World Bank and International Monetary Fund leaders
      AP  -  232 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      189 15 ————^——————■■■■——mmmbi V W FTTJr7W|Ti T a T aj I Our strong base in the home network of 3,000 local "Volksbanken" Our presence in the Far East: Hong market facilitates your worldwide and "Raiffeisenbanken", Europe's Kong, Singap<TO,Tokyo Kuala L^P"operations. What distinguishes us most extensive branch network. Head OHiasHDG BANK,,Am Ratz from
      189 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      97 16 Trust SAS to make flying a dream. until we get there. a full night's sleep. You'll wake up SAS to Europe. We'll be there everyday to Every Wednesday at 2330 hours, Like our two other non-stop flights on fresh and ready for the day make the businessman's dream come true,
      97 words
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  • SPORTS
    • Article, Illustration
      Lock icon Chang takes US into the final
      359 17 AP MICHAEL CHANG overcame leg cramps and a hostile crowd on Monday as he completed a two-day comeback that lifted the US to a Davis Cup semifinal victory over Austria in Vienna. Chang, trailing two sets to one when play began on a cold
      AP  -  359 words
    • Article
      Lock icon George Foreman chases his 69th victory
      285 17 AP GEORGE FOREMAN is putting on his demolition attire again, looking for a quick-fire victory over Terry Anderson that will edge him closer to regaining the world heavyweight boxing title. While negotiating with Evandcr Holyficld and James "Buster" Douglas for a world championship fight
      AP  -  285 words
    • Article
      Lock icon Hero's welcome for solo sailer
      280 17 AFP ENGLAND'S solo sailor David Cowper was given a hero's welcome as he completed his record-breaking "round-the-world" voyage on Monday. The 48-year-old chartered surveyor was greeted by a flotilla of small craft, a band playing "Rule Britannia" and a flag-waving crowd as his converted former
      AFP  -  280 words
    • SIDE LINES
      • Article
        Golf clubs vie for Johnnie Walker Finals
        137 17 THE Singapore Johnnie Walker Inter-Club champions will win an opportunity to play with golf greats such as Nick Faldo, lan Woosnam and Ronan Raflferty in the Johnnie Walker Gassic Pro-Am in Hongkong. In September and October, qualifying rounds for the inaugural Johnnie Walker
        137 words
      • Article
        Arnold breaks course record
        101 17 A RECORD breaking 12-under-par 62 earned New Zealan der Janice Arnold a remarkable eight-shot lead after the opening round of the 10,000 pounds lan Stewart WPGA tournament at Coventry Finham. Arnold's round, which smashed the existing course record of 66 held by Scotland's Dale Reid, included
        101 words
      • Article
        Appelmans in round two
        110 17 FOURTH SEEDED Sabine Appeimans of Belgium defeated Catherine Mothes of France, 6-1, 6-2, on Monday to qualify for the second round of the US$lOO,OOO Bayonne Womans Tennis Tournament in Bayonne, France. Rachel McQuillan of Australia, number 5 seed, also qualified for Wednesday's second round, downing Beate
        110 words
      • Article
        Jansher beats Jahangir
        102 17 PAKISTAN'S Jansher Khan scored his second win in nine days against compatriot Jahangir Khan in a gruelling 103minute clash in the final of the President's Gold Cup Squash toumamentin Peshawar, Pakistan on Monday. Better stamina helped Jansher, 24, to prevail over the 27-year-old Jahangir who claimed the
        102 words
      • Article
        Mansell still plans to retire
        152 17 BRITISH Formula One driver Nigel Mansell on Monday gave no indication he intends to change his plans to retire after the current season. While several British newspapers suggested he had already talked with the British-based Wil-liams-Renault team, Mansell, who won Sunday's Portuguese Grand Prix in
        152 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      96 17 In Kuala Lumpur K,U Ijß ;\m Kly i i 1 J^ly^ 118 irf A]B mfacMr J tropical greenery of ■BBflHl m 1 MT;: I] I I M \hBI rrulv HHil M VIH only be vv- nnmHu the Shangri-La. Kuala Lumpur. ■yUYUtfilk b 1 Sqj|v ..*j *JBkr* Shangrita KUALA LUMPUR 3EI
      96 words
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  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      175 18 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by Mwd of-mouth. iL For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. *****100r338 8585ext *****/6. RUM GRILL
      175 words
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      Page 18 Advertisements Column 2
      500 18 DELICIOZO HYATT Mama Mia! Pete's Place introduces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary bowl of salad
      500 words
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      Page 18 Advertisements Column 3
      258 18 It's The Street's anniversary Come karaoke and get a cassette recording of your singing Freel Happy Hours: 6—B pm First Drink Charge*: Mon Thurs $12++ C Fri-Sun $15++ WF' Inclusive of 2 dnnks i TETH^-TETE Dreat yourself to our HIGH TEA BUFFET which features over 20 dainty items. Indulge in
      258 words
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      Page 18 Advertisements Column 4
      343 18 Amidst Imperial splendour. our chefs HHkS3|| stage their hlghly-acciamed performance LU >§# I legendary Beljms cuisine to the satis- BgHHp faction of demanding diners.To guarantee Hx your place amongst the discerning, make 333 Orchard Road. Singapore 0923. Tal *****11 S«pf lto3o- Cafe Vanda presents the hottest Nasi Padang in Katong!
      343 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      628 18 TELEVISION AND RADIO 1 -m*m cqro Local PI <* Ycar the 4 13 Mr fra > m Ri icimpcq AM &&nm f 1 /H I I I bDOi< fourteenth Annual Conven- 4.17 Tin Right Ta Lwt (cont'd). ggpUolnCaa yff fujUfv x^r-. laic n.ss«»*._see. -Essr—*- ft™ cer Hongkong v Thailand. proudly
      628 words
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  • LIFESTYLE
    • Article, Illustration
      Ivan Heng wins drama award
      639 19  -  Wanting to 'do drama for real,' Ivan Heng saw his dream come true when he won a 120,000 arts scholarship yesterday. Paul Ramani reports Paul Ramani IVAN Heng, 27, had a dream. No, not to remain Song Li Ling permanently. His dream was to go
      639 words
    • Article, Illustration
      Lock icon CSN: using pop music to tear down walls all over
      814 19 AP DAVID CROSBY and Graham Nash were performing at the United Nations last fall when they learned the Berlin Wall was coming down. They got on the telephone one call to fetch Stephen Stills, another to book a flight and
      AP  -  814 words
    • Article, Illustration
      BBC shelves Thatcher retirement comedy
      559 19 mmmm BBC TELEVISION has scrapped plans for a satirical comedy series about the re-' tircmcnt years of Prime Minister Margaret Thatcher because it did not have enough "sustained laughable content," The Times reported in London on Monday. The series, to have been called Dunrulin' after
      559 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      312 19 <■_AND ENTERTAIN 1 T ~m A Yen For Fresh Japanese Food. U J IB 1 LUNCH: 12 NOON i"Bj 5 to 2.UPM. If §29 8 DINNER: 6.30PM TO fjg! 3 10.15PM. S=E EE £b3 3 PRICES SUBJECT TO 10% SERVICE CHARGE AND •■■'WmKfEImKmMBHKmnBM 4% CESS. Unkai flies in fresh ingredients
      312 words
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      Page 19 Advertisements Column 2
      97 19 m 7'» h mm" ;1 Hi' v ;j It Classical Japanese Food prepared In The true kaiseki Style. i i Complete 6 coarse set Lunch/Dinner from $18.00 Set Sushi Lunch from $17.00 I i Nishiki Restaurant Marina Bay Golf Country Club 6 Marina Green Singapore oioi. For Reservations Please Call
      97 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      STI index slips to year's lowest level
      4445 20  -  By Quak Hiang Whai THE Singapore stock market continued its fall yesterday, with its market barometer, the Straits Times Industrials Index, now threatening to touch the 1,100 level. Yesterday's closing at 1,113.19 was also the lowest this year. Dealers said the worsening Gulf
      4,445 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4124 21 Main Board OUT 230 +17 +8.0% Wcarncs 398 +6 +1.5% Properties 610 +5 +0.8% Fint Capital 126 5 +4.1% Lcc Kim Tah50* 113 +5 +4.6% Roth lnds5C 364 4 +1.1% S AcrospaccSO* 171 +3 +1.8% Intraco 165 +3 +1.9% HTP Hldgs50* 66 2Vi +3.9% RDC
    4,124 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      82 22 ftmttny Date Yoar Group Nat Net earnings Gross ami to profit/loss (L) per sharo dividend ('000) (cents) RasM Hussam Sep 24 May 90 MJ18,3?9($6.681) 218(11.1) 5(4) Isetan Sep 21 Mar 90 $21.342k($11.728) 48.5(39 1) 14(10) j Cement Sep 10 Mar 90 J1.771($1.019l) 50(-) 2.5(0.5) Pefi Msa Sep 8
      82 words
    • Article
      PRELIMINARY RESULTS
      135 22 Centpany Date Year Group pre-tax Net earnings Gross ann to profit/toss (L) per share dividend C000) (cento) Robinson Sep 21 Jun 90 J14.714(J9,368) 21.7(15.5) 12(10) Boustead Sep 20 Jun 90 MJ52,503(J60,108) 10.7(12.5) 15(15) Pan Pacific Sep 20 lun 90 $2,267 (J1.720) 4.7(4.8) 3.5(3) UAC Sep 17 Jun 90
      135 words
    • Article
      INTERIM RESULTS
      251 22 Ctopny Date Half-year Group pre-tax Interim aim to proflt/lo»* (L) dividend COOO) Bousteadco Sep 24 Jun 90 $4,060($3,071) 3(2.7a) Eh Yan Sang Sep 24 Jun 90 $753($1.909p) 1(8.4) GK Got) Sep 24 Jun 90 $11.936($24,842n) 5(-) GenMag Sep 24 Jun 90 $6,695 ($4,258e) MTC Sep 22 Jun 90
      251 words
    • Article
      CORPORATE DEVELOPMENTS
      387 22 Sep 24 Arab-Malaysian Merchant Bank Bhd plans to reduce its stake in subsidiary Arab Malaysian Finance Bhd to 65% from 99.9% through a public share issue and stock exchange listing. Golden Plus Hokfings Bhd's two proposed acquisitions 28 shop and office units at the Fu Lu Shou Complex
      387 words
    • Article
      DIVIDENDS ANNOUNCED
      1112 22 Current Ex Books Date Total (or Total for payment date dose payable the year last year Alti Hdgs 6% Aug 28 Sep 7 Sep 26 6% 6% AM» 2 5% Sep 14 Sep 28 Oct 27 25% 2% AIM 10% Sep 21 Oct 5 Nov 1 10% 75%(a)
      1,112 words
    • Article
      RESULTS DUE
      604 22 Singapore Stocks Last Full Year Company Period Oat* Year Net EPS Grass Net announced endfe* (cents) d» profit last year (JTMO) leonf feat Interim Mar 30 Dec 89 5351(h) Marco No Interim Aug 11 Mar 91 40 2.1 3.471 (i) Guthrie GTS Interim Aug 31 Dec 90 0
      604 words
    • Article
      APPROVED ISSUES
      470 22 Company Rights Issue Industrial Oiygen One lor one fo M$080 per share Rights issue ol $100 nominal amount ot 51 Redeemable Unsecured Loan Stock 1990/1995 with one Transferable Subscrytun rights tor every two existing shares held Ei date Aug 23 Books dose Sep 6 Acceptance Payment Oct 19
      470 words
    • Article
      PROPOSED ISSUES
      550 22 Company Rights Issue Alcorn One to two (a. MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares ol MSO 10 each at M$1 per share with 10m detachable TSR Baton One-tor tour fe MS2 00 per share. Causeway Im Capital reduction scheme to reduce par value
      550 words
    • Article
      BONDS, LOANS & WARRANTS
      698 22 BONDS, LOANS WARRANTS C iiipifl) CMveriioM pwted CmmtiIm tm hf mm m4mty start CAC Nt Before 26/4/93 1 warrant phis $3 09 cash Causeway Lom Causeway Nt 2/10/89 to 20/10/94 1 warrant phis <1 cash or 1 warrant plus $1 nominal amount of loan Chan Notes Chan ft* Nt March
      698 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      303 22 ABALONE AGENCY! South Australia produces the best quality abalone (Greenlip Abalone). Through five years of research, we have successfully canned the best quality canned abalone. Some top class Hong Kong chefs commented: "very white meat; fine smooth texture; very strong abalone fragrance; even better than the Mexican abalone for it
      303 words
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      Page 22 Advertisements Column 2
      74 22 to c R Ptan -ki» «o# »o«< This book describes a retirement plan, covenng all aspects: mental attitude, finance, health, living arrangements, work-paid or voluntary and leisure. It offers you a bluepnnt for the change of your life The secret is to prepare yourself for it, and it is not
      74 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks finish weaker despite midday rebound
      3721 23 Bernama SHARE PRICES on the Kuala Lumpur stock market closed lower yesterday after drifting downwards following a brief midday rebound. The market still lacked buying support in line with the poor sentiment in Tokyo and Wall Street, dealers said. The KLSE Composite Index lost
      Bernama  -  3,721 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      56 23 Imagine, Singapore actress Zoe Tay joining the league of Sopnia Loren, Rachel Welch, Natassia Kinski... Yes. Zoe has been picked as the new Lux girl, the first Singapore woman to appear in its famed ads Why was she chosen? "It's tailored for me, she says The latest news and much
      56 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices fall through a thin market
      2257 24 Reuter TOKYO stocks fell to a new 1990 closing low in thin trading, declining on surging oil prices and retreating foreign sharemarkets. Players returned after a three-day weekend to find the market was void of new money despite yesterday being the first trading day
      Reuter  -  2,257 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks slump further on lack of interest
      2300 24 Reuter HONGKONG stocks, which plunged about 70 points on Monday, slumped another 54 in thin volume trade although late morning bargainhunting picked the Hang Seng Index up off the floor, brokers said. "What we've seen today is a total lack of buying interest,"
      Reuter  -  2,300 words
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  • REGIONAL STOCK MARKETS
    • Australian stocks hit 28-month low
      • Article
        INDICES & TURNOVER
        91 25 INDICES TURNOVER Close Previous Sep 25 SYDNEY All Ordinaries Index 1,393.6 1413.9 -20.3 All Industrials Index 2.044.5 2087.7 -43.2 All Resources Index 882.5 886.5 -4.0 Turnover (million) 70.0 47.82 22.18 BANGKOK SET Index 613.95 644.01 -33.16 Turnover (nearest '000) 25.75 NA JAKARTA Composite Index 477.38 494.49 -17.11 Turnover (nearest '000)
        91 words
      • Article
        AUSTRALIA
        861 25 AUSTRALIAN shares closed sharply down yesterday with the All Ordinaries index, which crashed through a major 1,400 point support level in early trade, hitting a 28-month low. Heavy losses sustained by major industrial and resource stocks dragged down the market, forcing brokers to re-examine charts to look for new
        861 words
      • Article
        BANGKOK
        718 25 BANGKOK stocks closed lower in thin trade yesterday with soaring oil prices, Tokyo's losses and rising local interest rates deepening bearish sentiment. The SET Index lost 33.16 points to end at a 14-month low of 613.95. The index has fallen 32 per cent since Sep 3 and 46 per
        718 words
      • Article
        MORGAN STANLEY CAPITAL INTERNATIONAL INDICES
        363 25 la local c luirDCy IaSS la US$ day year day year day year Sep 24 Index change change change change change chaage Worid 347.4 -0.6 -25.3 -0.5 -27.3 -0.3 -21.8 $EAFE 465.5 -0.7 -31.7 -0.1 -31.5 0.1 -26.3 Europe 359.2 -1.5 -20.3 -0.8 -17.0 -0.7
        363 words
      • Article
        JAKARTA
        565 25 PRICES on the Jakarta Stock Exchange fell across the board yesterday, bringing the Composite Index down sharply to 477.38 from the officially revised 494.49, and turnover dropped to 1.83 million shares from Monday's 1.94 million. Holding company Astra and Bank Duta were the most traded on the regular market
        565 words
      • Article
        MANILA
        527 25 THE Manila Composite Index crashed through the 600-point level yesterday to hit a 40-month low after sellers chased buyers following a fall on Wall Street. Manila's index fell 6.4 per cent or 38.60 points to close at 567.11, the lowest since it hit 552.51 on May 4, 1987. The
        527 words
      • Article
        NEW ZEALAND
        361 25 LEADING New Zealand shares partially recovered sharp morning losses at the close yesterday, as modest afternoon buying interest appeared on a better than cxpcctcd performance on the Tokyo bourse. Brokers expect the market to take direction from nervous overseas markets for the rest of this week, as most
        361 words
      • Article
        SEOUL
        780 25 SEOUL stocks gained ground yesterday as the stabilisation fund bought to prop up the index ahead of expected massive selling in October to clear unsettled accounts. The Composite Stock Index added 6.38 points to 593.77, with volume moderate at 98.3 billion won against 76 billion on Monday. Rises led
        780 words
      • Article
        TAIPEI
        351 25 4 a TAIWAN stocks plunged at the opening, and the market remained weak for the rest of the session yesterday as concerns over rising oil prices were! compounded by Tokyo's losses. J i The Weighted Index fell 105.37 1 points, or 3.75 per cent, to close at j 2,701.84
        351 words
      • Article
        BOMBAY
        30 25 THE Bombay Stock Exchange was closed on Monday due to heavy rain and flooding in India's commercial capital. The exchange was scheduled to mr open yesterday, exchange officials said.
        30 words
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  • WORLD STOCK MARKETS
    • Heavy selling sends Dow down 59 points
      • Article, Illustration
        NEW YORK
        1161 26 NEW FEARS of war in the Middle East and a steep rise in the price of oil depressed Wall Street stocks sharply on Monday, sending prices dropping to new lows in every important industry and every leading index. The Dow Jones Industrial Average fell 59.41 points, or 2.4
        1,161 words
      • Article
        FRANKFURT
        310 26 THE WEST GERMAN DAX blue chip index fell 4.4 per cent yesterday to end a weak official session at a new 1990 closing low of 1,353.40 after breaching the psychologically important 1,400 point level early in the day. The 30-share index ended its ses-sion-long freefall just off an intraday
        310 words
      • Article, Illustration
        LONDON
        742 26 IN LONDON, the FTSE 100 Index sank below the 2,000-points level around which it had hovered all morning yesterday. At 1110 GMT it was down 0.9 point from Monday's 20month record closing low, at 1,989.4. Volume was a meagre 193.1 million. Earlier, encouraging company news had given the maricet
        742 words
      • Article
        AMSTERDAM
        303 26 DUTCH shares yesterday quickly recovered in nervous early afternoon trading from earlier lows reached after German stock prices tumbled and the DAX-Index closed 4.4 per cent lower. "The market is still fragile but seems to have becalmed after the Frankfurt Stock Exchange closed," one dealer said. The CBS Tendency
        303 words
      • Article
        MILAN
        223 26 ITALIAN share prices yesterday fell to a new low for the year dragged down by the sharp declines on other European bourses but brokers noted turnover was very low. The MIB Index closed 1.59 per cent down at 805, a loss of 13 points. But this was above lows
        223 words
      • Article
        ZURICH
        275 26 SWISS shares plunged again yesterday with the all-share Swiss Performance Index trading 2.38 per cent or 22.10 points lower at 905.90 points at midsession, its lowest level since November 23, 1987, when it reached 900.1. The blue chip SMI-Index also hit a new year low, dropping 3.01 per cent
        275 words
      • Article
        PARIS
        180 26 IN PARIS, the leading CAC-40 Index yesterday drifted to a new low for the year in nervous midsession trading as the market reacted to steep drops on major overseas bourses and to a new surge in oil prices in the morning. The CAC-40 Index fell 22.55 points or 1.50
        180 words
      • Article
        BRUSSELS
        144 26 BELGIAN shares yesterday opened mostly lower in light turnover in continued response to the international collapse in equities markets. Bourse sources said early trading volume was running at the same level as on Monday. One broker said: "There is no panic just slow trading." He thought the session as
        144 words
      • Article
        JOHANNESBURG
        339 26 JOHANNESBURG gold shares rose sharply in active earty trading yesterday as world bullion prices surged towards US$4lO an ounce on rising oil prices amid heightened tensions in the Middle East. Heavyweight gold share Vaal Reefs opened 12 rand higher at 288 then soared further to 299 while Randfontein gained
        339 words
      • Article
        Lock icon TORONTO
        234 26 NYT Reuter SHARP GAINS in gold shares and strength in oil and gas and pipeline shares kept losses in the Toronto Composite to a minimum on Monday, dealers said. Oil futures climbed to over US$39 a barrel, the highest level in the history of the New York exchange. The
        NYT; Reuter  -  234 words
      • Article
        Untitled
        45 26 Vienna Sep 20 A*h Akg Holding 4400 unch E. Allgem (Pref) ***** -500 Jungbunzl ***** -300 Laenderbank (Prrf) 550 unch Lenzing 1320 unch Leykam 405 -20 Montana ***** -1500 Oestcrr. Brau 3850 unch Semperit 141 -4 Steyr 158 -1 Veitschcr 795 -5 Source: Austrian Laenderbank
        45 words
      • Article
        INDICES & TURNOVER
        86 26 INDICES TURNOVER NEW YORK Close |> rTCV KH1> Sep 24 IXyw Jones NYSE Financial SAP $00 Turnover (million) 2.452.97 2,512.38 111.60 115.02 304.59 311.32 162.2 202.6 -59.41 -3.42 -6.73 -40.4 LONDON Financial Times 30 FTSE 100 Turnover (million) 1.510.4 1.990.3 5003 1,537.3 2.025.5 553.7 -26.9 -35.2 -53.4 AMSTERDAM CBS General
        86 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US dollar ends lower against most currencies in Tokyo trade
      1246 27 FOREX MARKET REPORTS THE US dollar yesterday closed lower against most major currencies after a day of thin trading in Tokyo due to a lack of fresh incentives, dealers said. "The US dollar lost downward momentum when it rebounded sharply
      1,246 words
    • Article
      INTERBANK FOREX RATES
      391 27 Cross rates scp2s USS S$ MS Dm Yen SFr A$ NZS USS 1.7655 2.6975 1.5570 136.65 0.5319 1.2940 1.2026 1 6064 SS 0.5664 1.5279 0.8819 0.7740 0.3013 0.7329 0.6812 0.9099 MS 0.3707 65.45 0.5772 0.5066 0.1972 0.4797 0.4458 0.5955 Dm 0.6423 1.1339 1.7325 87.76 0.3416 0.8311 0.7724
      391 words
    • Article
      FINANCIAL FUTURES
      1693 27 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Dcc 90 91.77 91.78 91.73 91.77 ***** ***** 4894 Mar 91 91.80 91.82 91.77 91.80 3270 7541 1063 Jun 91 91.65 91 68 91 64 91.67 818 2042 176 Sep 91 91.43 91.48 91.43 91.46 557 562 3
      1,693 words
    • Article
      MONEY MARKET
      565 27 Interbank rates S$ Bid Offer Overnight 5 7/8 6 1-month 6 3/8 6 1/2 2-month 6 7/16 6 9/16 3-month 6 1/2 6 5/8 Overnight mode: 3-7/8 ISS Bid Offer 7 days 8 11/16 8 13/16 1 month 8 5/16 8 7/16 2 months 8 5/16 8 7/16
      565 words
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  • COMMODITIES
    • Article
      Lock icon M'sian palm oil industry urged to be aggressive
      278 28 Bernama MALAYSIAN Primary Industry Minister Datuk Seri Dr Lim Keng Yaik, saying that the palm oil industry must adopt aggressive marketing to optimise profits, has given the industry to work out a new approach. The Malaysian government was giving palm oil refiners
      Bernama  -  278 words
    • Article
      Lock icon Analysts expect US$20 oil price after Gulf crisis
      268 28 Reuter THE PRICE of crude oil will stabilise near US$2O a barrel once the Gulf crisis is resolved, analysts told a Calgary conference. Tony Reinsch, vice-presi-dent of Canadian Energy Research Institute (CERI), said that if the crisis were resolved before Christmas, the
      Reuter  -  268 words
    • Article
      Lock icon Brazil seeks coffee pact extension
      135 28 Reuter BRAZIL'S suggestion of a one-year extension of the administrative coffee pact to end-September 1992 provoked varying reactions among its fellow-members of the International Coffee Organisation (ICO). "For Colombia, extending the agreement just to keep things as they are is not very appealing," Colombia's Lon-don-based
      Reuter  -  135 words
    • Article
      Better LME prices prop up Malaysian tin
      879 28 REPORTS TIN price on the Kuala Lumpur Tin Market advanced further to close 15 sen higher at M 515.65 per kg on short covering activity in line with the uptrend on the London Metal Exchange overnight. At the opening level of M 515.50,
      879 words
  • Article
    PRICES
    1355 28 Rubber Sep 25 MS (to In balm) S cvnts/kg Noon Close In! 1 RSS Prompt I55.25/I56.25N 155.00/156 OON Inl 1 RSS Oct 90 155.75/156.25 155.50/156 OON Int 1 KSS Nov 156.25/156.75 156.2 VI 56.75N Inl 2 KSS OP 150.50/152.50N 150.50/152.SON Inl 3 RSS OP 146.00/148 00N 146.00/148 OON Inl
    1,355 words
  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      1198 28 NOTICES FOR SALE 1 A substantial equity stake is for sale in J L Mori son Son Jones (Far East) Re Ltd Authorised share capital *****,000 Incorporated in Singapore in 1947 and Federal Dispensary (Malaysia) Sdn Bhd Authorised share capital M 5500,000 Incorporated in Malaysia in 1966 Please fax for
      1,198 words
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      Page 28 Advertisements Column 2
      15 28 Read Chartpoint, a guide Co investing in the stock market. Every Saturday in Business Times.
      15 words
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      947 29 City Flight ETA Flight ETD j Ctty Flight ETA FBght ETD Abu Dhabi GA895 1235 MH/SQ671 1800 SQI14 1745 iiialilrtn CIF7 2035 S0227 2250 SQ113 1805 MH614 1850 5lZ ±r±? MH644 1900 SQ118 1945 Am*** SQ113 1950 SQ120 2100 Amtardan GA895 1235 KL814 MH617 2050 MK/5Q743
      947 words
    • Article, Illustration
      Robbed in Rome by gypsy kids
      718 29  -  LETTER FROM ROME By Andrew Taylor WE had been warned that the gypsy children would rob you if you gave them a chance. Wc were careful but it happened anyway. There were two of us, going to a business meeting in the centre of
      718 words
    • Article
      MONEY CHANGER RATES
      151 29 As at 3pm yesterday. Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.461 1.481 Canadian dollar 1.500 1.542 NZ dollar 1.085 I.I 15 Sterling pound 3.320 3.350 US dollar 1.7620 1.7720 Local dollar* to 100 units of foreign currency Austrian schilling 15.90
      151 words
    • Article
      WORLD TRADE EXHIBITIONS
      68 29 Duration Title Venue Oipajf Td Duration Title Venue Organiser Td Sep 24-30 International Bulgana Foire 1/*****146 Sep 25-30 International Spain Feria Muest- 6/3****** Technical Fair Internationale Furniture Fair rano Interna De Plovdiv c,onal Sep 25-29 International Austria Weiner Mcssen 222/*****4 Trade Fair for Und Congress Oct 1-12
      68 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      45 29 <5r The business person's choice everv Tuesda%. g g J I f Thurs«la\,Saturday andSundax-l easingC hani;i II I W Airport it hour* and arri\inji at Lester B. A V Jl. W. S 1 M Pearson International Airport the follow inj; das. 1 AI u d
      45 words
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      Page 29 Advertisements Column 2
      94 29 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
      94 words
  • Page 29 Miscellaneous
    • Miscellaneous
      Page 29 Miscellaneous Column 1
      205 29 29 Big fight over orient^ home for a store. (9) 30 A character content in flat w j t h some hesitation. (9) 26 "He who destroys a good that's stylish. (6) 14 Tra( je is so bad for such book kills itself'. Mil--31 Country people beginning bodies. (9) ton
      205 words
    • Miscellaneous
      Page 29 Miscellaneous Column 2
      215 29 Singapore Outlook: Showers are expected over several areas in the later morning and early afternoon. Report: Ma* temp 31.8 assoc humidity 47% min temp 24.8* c assoc humidity 97% hrs of sunshine 8.80 rainfall in mm Trace rainfall this mth 163.6 rainy days this mth 13 World report Asia-Pacific Hi/Lo*
      215 words
    • Miscellaneous
      Page 29 Miscellaneous Column 3
      18 29 JONCS GO'S BRCVC.FROM 1 VOWT Tp RCTuRM Ci U,s D€B< M C EVEMMQ STANDARD CO. IM2-IMC Q2b9 <^\cW—
      18 words
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  • Article
    July trade a whisker lower than in May or June
    512 30  -  By Yong Pow Ang TOTAL trade in July rose 12.6 per cent at current prices over July last year. The July trade figure last year was, however, one of the lowest in 1989. Total trade this July stood at $16.48
    512 words
  • Article
    Lock icon US economy grew a mere 0.4pc in second quarter
    338 30 AP THE US economy grew at a barely perceptible 0.4 per cent annual rate during the second quarter, a worse performance than first thought, the government said yesterday. Many analysts believe the US economy is sliding into a recession. The Commerce
    AP  -  338 words
  • Article
    Lee ends talks with Gorbachev
    147 30  -  From Chuang Peck Ming in Moscow PRIME MINISTER Lee Kuan Yew left for Leningrad last night after talks with Soviet leader Mikhail Gorbachev. The scheduled meeting was delayed for several hours because the Soviet leader was tied up in a presidential council meeting. With Mr
    147 words
  • Article, Illustration
    Lock icon Presidential tete-a-tete
    46 30 South African President FWde Klerk and US President George Bush in conversation following their meeting at the White House Oval Office on Monday. Mr de Klerk was invited to the US after the release of South African leader Nelson Mandela. Reuter picture Reuter picture
    Reuter picture  -  46 words
  • Article
    Lock icon Further Kuwaiti equity sales feared
    413 30 AFP MARKET OPERATORS in London arc beginning to look to the possibility of further equity sales by the Kuwait Investment Office (KIO), sources said yesterday. The exiled Kuwaiti government's investment arm sold its 10.1 per cent stake in British hotel operator Mount Charlotte Investments on
    AFP  -  413 words
  • Article
    Lock icon Suharto urges closer cooperation
    132 30 AFP INDONESIAN President Suharto has called for greater economic cooperation among the six members of the Association of South-cast Asian Nations (Ascan) to strengthen the region, the Antara news agency said yesterday. Stronger cooperation would cnhancc the resilience of each of the Ascan members as well
    AFP  -  132 words
  • Article
    Lock icon Elders incurs largest corporate loss
    163 30 Reuter ELDERS IXL LTD, the maker of Fosters Lager and the world's fourth largest brewer, posted the biggest corporate loss in Australian history yesterday. Elders said it was confident about its future as a sin-gle-purposc brewer in spite of posting a 80 per cent slump
    Reuter  -  163 words
  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      98 30 Baume Mercier GENEVE 1830 UNMISTAKABLY MCg^THAN And...Airflown Great Fish Dishes From $11.90++ 5-COURSE SET MENU /Nr FOR LUNCH DINNER Selecuooof IkanKurau c m, .1 i-i i->*n Salmon SteakX. V y Grilled File Fillet Sambal File Fillet in Foil mariners CORNER 11 DEWS CORNER I RESTAURANT STEAK MOOSE RESTAURANT 1 STEAK
      98 words
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      Page 30 Advertisements Column 2
      9 30 Baume Mercier GENEVE 1830 -*'vc Jpr 7 I ■Hr
      9 words
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  • Shipping Times
    • Article, Illustration
      Space squeeze for air cargo bound for US, Europe
      435 31  -  By A J Leow AIR-CARGO carriers in Singapore are facing a space squeeze on shipments to major markets in Europe and the US. Hemmed in by the traditional year-end rush to meet overseas orders, the capacity shortage has been aggravated by
      435 words
    • Article
      Lock icon EC wants to open lucrative routes to new airlines
      331 31 Reuter NEW AIRLINES will find it easier to open lucrative routes to Europe's main airports under rules being drafted by the European Community Commission. The aim of the new rules is to increase competition on trunk routes and bring down air
      Reuter  -  331 words
    • Article
      Lock icon US underwrites war risk insurance on commercial ship
      349 31 AP THE US government has underwritten war risk insurance on a commercial ship engaged in normal trade for the first time since the Korean War in the early *****, Lloyd's List reported. The shipping daily said on Monday that the 40,921-ton (36,828-metric-ton)
      AP  -  349 words
    • Article
      Lock icon America approves increase in international airfares
      288 31 Reuter THE US Department of Transportation has approved higher international airfares for a six-month period to cover escalating costs caused by Iraq's invasion of Kuwait. For most US-to-Europe passenger flights, the department approved a 7 per cent increase for fuel costs. Fares from Greece
      Reuter  -  288 words
    • Article
      Lock icon Australia expects US$3b from sale of airlines
      265 31 Reuter AUSTRALIA expects to receive about US$3 billion from selling 49 per cent of Qantas Airways Ltd and the whole of Australian Airlines Ltd. "We expect to end up with a package over the US$3 billion for the airlines," Communications Minister Kim Beazley
      Reuter  -  265 words
    • Article, Illustration
      Asean nations sign accords on optical fibre cable links
      391 31  -  By Dexter Lee SINGAPORE and its fellow Asean nations have moved closer to establishing an optical fibre cable link-up with each other. Yesterday, the countries signed construction and maintenance agreements for the first three links worth some US$2OO million of the
      391 words
    • NEWS SUMMARY
      • Article
        India raises domestic airfares
        64 31 DOMESTIC air fares will go up by 10 per cent in India from today as part of a government move to offset losses incurred by local airlines evacuating stranded Indians from the Gulf. An airline spokesman said the increase, called a "Gulf repatriation surcharge", will apply
        64 words
      • Article
        New Japanese luxury liner makes debut
        78 31 JAPAN'S Mitsui OSK Lines group yesterday unveiled a new 22,000-tonne luxury passenger liner, the Nippon Maru, before its maiden voyage tomorrow to Hongkong and Taiwan. The ship, with a capacity of 6,000 passengers, cost about 10 billion yen (US$73 million) and measures 116 metres
        78 words
      • Article
        Trans-Siberian Railway picks up steam
        30 31 THE Trans-Siberian Railway is being spruced up. Will it at last stand up to critics who have long taken its inefficiencies for granted? Page 2
        30 words
      • Article
        AP Moeller reports 42.7b crown turnover
        35 31 SHIPPING, oil and gas and supermarket group AP Moeller had turnover from Danishbased operations of 42.7 billion crowns in 1989, with pretax profit up at 3.2 billion Back Page
        35 words
    • LOG BOOK
      • Article
        Seoul to seek telecoms pacts with Pyongyang
        65 32 SOUTH KOREA will seek agreements on transportation and telecommunications links and on economic exchanges at upcoming premiers' talks with North Korea, an official said. The government also hopes North Korea will agree to open telephone hot lines between high-ranking military officers and agree
        65 words
      • Article
        USAir in marketing deal
        88 32 USAir Group has signed a letter of intent with Air France for a marketing agreement including coordination of scheduling, joint facilities, automation and marketing. Each will be able to purchase blocks of seats for resale on designated flights between the US and France. USAir will explore
        88 words
      • Article
        Air NZ to raise domestic fares
        81 32 AIR New Zealand Ltd will raise domestic air fares by 10 per cent from Oct 8 because of recent oil price rises. A business-class surcharge will also be raised by a flat US$5, Air New Zealand said in a statement. By implementing increases two
        81 words
      • Article
        AT&T to cut rates to Canada
        79 32 AMERICAN Telephone and Telegraph Co said it will cut rates to Canada by 10 per cent on Oct 5, if it gets the approval of the Federal Communications Commission. The company said any call from the United States to Canada will cost 18 US
        79 words
      • Article
        CSX gets injunction against strike
        62 32 CSX CORP's transportation unit won a 10-day injunction to end a strike by railway workers on the old Louisville and Nashville line. A preliminai7 hearing is set for Friday. Hundreds of trains were either not operating or were operated at a slower rate. Some trains
        62 words
      • Article
        Rumanian port strike to cease
        99 32 UNION LEADERS agreed on Monday to end a week-old strike in Rumania's ports after government officials agreed to form a top-level commission to examine strikers' demands. The strike, launched last Monday by ship and port workers, had stopped activity at the Black Sea port of
        99 words
    • Article, Illustration
      Lock icon Trans-Siberian Rail picks up steam
      1579 32 The Trans-Siberian Railway is being spruced up. Will it at last stand up to critics who have long taken its inefficiencies for granted? Lloyd's Shipping Economist IF SHIPPERS have for many years tended to regard the Trans-Sibe-rian Container Service (TSCS) as something of a joke,
      Lloyd's Shipping Economist  -  1,579 words
    • Article
      Lock icon WEEKLY FREIGHTS
      484 32 AFP PRESSURE on rates for grain movements out of the US Gulf maintained the decline in shipping freight indices over the past week. The Baltic International Freight Futures Exchange (Biffex)'s Baltic Freight Index (BFI) ended down 15 points from the previous Friday at 1,182 points. The per tonne
      AFP  -  484 words
    • Article
      THE SHIPPING GUIDE
      13013 40 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      13,013 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        604 47 Vessd toy lb Berth D^ate* Vtnel Voy No Berth Arrival Oapartire Kcppol WK arm Rajah Brooke 18W P3£ 25.09/1500 25.09/2300 < Asian Cosmos 8 K29 alongside 27.09/1500 Ster Exp AFX2A P3W 25.09/2100 2609/1500 Caty 90A K30 alongside 28.09/0600 Smar Jaya 23/90 P2A 26.09/0700 26.09/1500 Continent 1 8/90
        604 words
      • Article
        CONTAINER SCHEDULE
        1187 47 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bookint/Balance Rsits Sty Voy No Etb/Btr Period From To From 9 4 'ja Lotus 4A 28/2359 2 25/1700 26/0659 26/0900 4 26/1200 26/1459 26/1700 to Rose 38 27/0700 2 25/1700 26/0659 26/0900 M Goncharov 32SJ90 27/0700 2 25/1700 26/0659
        1,187 words
      • Article
        IN MALAYSIAN PORTS
        362 47 Port Klang 2 South Port on Sep 24: Sanko Laurel berth 3; Chueng Hing berth 4; Pacific Samudra berth 7; Sutra berth 7A. KCT: Thana Bhum berth 8; Ocean Sirius berth 9; An Chun berth 10; Jacek Malczewski berth 10. North Port Yanj, berth 11; Song Kam
        362 words
      • Article
        DAILY FREIGHTS
        1062 47 THE DRY cargo freight market was quiet on Monday, with few distinct features giving direction. Details emerged of U5520.50 paid for a US Gulf to Japan grain fixing for November loading, compared with a current rate in the Baltic Freight Index (BF1) of 19.91, but traders said they
        1,062 words
    • Article, Illustration
      AP Moeller's pre-tax profit up by 1.2b crowns
      414 48 SHIPPING, oil and gas and supermarket group A P Moeller had turnover from Danish-based operations of 42.7 billion crowns in 1989, with pre-tax profit at 3.2 billion, up more than 1.2 billion from 1988, the financial daily Boersen said. The paper said
      414 words
    • Article
      Lock icon Lufthansa's first half in the red
      242 48 Reuter WEST GERMAN state-con-trolled airline Lufthansa posted an operating loss of over 100 million deutschemarks in the first half of 1990, said a spokesman. Commenting on a report from the West German news magazine Spiegel that Lufthansa had made an operating loss of 300
      Reuter  -  242 words
    • Article
      Lock icon Delta Air sees lower results
      146 48 Reuter DELTA Air Lines Inc said it expects results of operations for the first quarter ending Sep 30 to be significantly worse than prior-year results due to the sharp rise in jet fuel prices and the current condition of the general economy. The prior-year first
      Reuter  -  146 words
    • Article
      Unusual financing deal by America West
      402 48 AMERICA West Airlines Inc has arranged an unusual way to finance its US$2OO million purchase of the Pan Am Shuttle, people familiar with the negotiations said. Aircraft leasing companies and an engine manufacturer are said to be lending the airline the money in exchange
      402 words
  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      246 31 I IHII UNITED I EJUS IiASNGtSmCESmUD I Call Te1:*****33 SEND A CODNIRY REPORT Mow and then, you send performance reports to your head office or TllP SfmltsTimPft r ESS! principal. weekly OVERSEAS EDITION Make your report complete with a wigr country report. But don't bother doing it yourself. Because there's
      246 words
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      Page 31 Advertisements Column 2
      27 31 Contamer Schedule 17 (My FrajMs 17 Ma Id Advertisers 3 Shpp** GMe 10,11 Stops* Port 17 Support Tiles 17 Weather and Sea Condtans 17 Weekly FrefMs 2
      27 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      102 32 FOR WHO, WHAT, WHERE AHD WHEH IH THE MARKET. ADVERTISING MARKETING, in BUSINESS TIMES every Thursday, covers a vital sector of the economy comprising the country's communications muscle. The page monitors business developments and the players in both international and Singaporean advertising agencies; it charts and reports on trends in
      102 words
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      2166 33 jardine shipping agencies %lllF# 200 Cantonment Road #12-05 Soothpo.nt. Singapore 0208 Mill/ t<h *****11 telex no mtJXXXn terminal/cfs tbil *****18 220 J rt^KA G J J AROINE°SHIPPING AGENCIES SON BHD k ii J POUT KELANG TEL *****18 TELEX NO. MA*****/MA***** Mi PENANG TEL *****4 TELEX MA***** CFS TEL *****6 tVji
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      Page 33 Advertisements Column 2
      1283 33 INDEX I TOMWRTBERS Page Col P*B* Col iAI 1 M ABCContainerline 13 5 Mac-Nels Agencies 14 1/2 Accord Group J 1-3 Macolinc ,g 2/3 •Ahroikid Liner 6 I Madju Sdn Bhd 16 1/2 J I Maersk Line 3 4/5 Alfred C Toepfcr 15 5 Mainfrcight ,5 4 APT Line 14
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      2194 33 Vassal Voy ETA I ETD "Port 'Parang DESTINATIONS Singapore Kelang Tins w—k Marcher 9006 Closing Tima Feeder by CV 2/10 0400 MRS M Far CO I 1 CFS 1/J0 MBS M Tauro OAK LGB MOO MEM ATL MIA CHS BAL PHL KYC MON TOfl MARCMEN M 9006 2/10 3/10 27*
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      Page 34 Advertisements Column 1
      1079 34 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE BREMEN EXPRESS 98/515 23/10 17/10 WW WW KATSURAGI 5»" »!o 23/10 25,10 22/10 28/10 BENALDER 97/522 7/10 24/10 27/10 HAMBURG EXPRESS 90/521 11/10 5/10 30/10 1/11 2*o 4/ Tfwvn BAY 01/525 14/10 31/10 2/11 4/11 KOWLOONBAY 07/K4
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      Page 34 Advertisements Column 2
      546 34 a §M^W 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 PAOO. APIA NUKUAIOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP SEASPAC I 28/9 30/10 31/10 3/11 Alto accepting Cargo to Callao (Paru) via Valpa Agents: SINGAPORE:
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      Page 34 Advertisements Column 3
      1378 34 Mimmia U» REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LHA (VIA (VIA (VIA ALG) 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 29/09 20/10 22/10 25 10 26/10
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      Page 35 Advertisements Column 1
      1761 35 auippuig luuFs, nranesuay acptcuiucr «w iwt SjgSteamers Maritime Holdings Ltd P&O anw STRAITS SHIPPING '5 Mmmw to Ii mil. East Malaysia, wSk Containers ACCEPTS DUE SAILS WOT No P*l»n| S p«« Ston H buf| B'h«r«n If (Urn ltd CAHCO BREMEN EXPRESS «/M5 *MR 2MB 2MB 73,10 17/10 15/10 16/10 27/10
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      Page 35 Advertisements Column 2
      1817 35 TO: EUROPE TO: FAR EAST SP LH ROM HAM B'HVN FIX SPORE NK RAO KOB BU CHOYANC PARK 010W 30/9 11/10 19/10 20/10 21/10 23/10 CHOYANG SUCCESS 010 C 1/10 4/10 S/10 1/10 11/10 HANJIN OAKLAND 010N 7/10 24/10 25/10 2(/10 21/10 2WIO HANJIN HAMBURG 002E 11/10 15/10 10/10 19/10
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      Page 35 Advertisements Column 3
      50 35 SBHJM SMPPiK PTE LIB. 20-09, Tong EnQ Wdft 101 C*» St. S por. 0104. T#t *****12, *****13, *****36. JHMII T*t»: tS ***** Fo» *****24 WEEKLY/REGULAR SERVICE TO EAST/WEST M'SIA HAMIDAH 27/21 S£PT SJBU, KUCHING TRANSBULK 1/2 OCT P. KELANC SENG LEONC 2/3 OCT KUCHINC, SIBU SRI ARIKA 2/3 OCT PENANG
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      Page 35 Advertisements Column 4
      390 35 aHfIUK STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC CHUN ASIAN TRADER KUAN STAR VOY NO li 2 lIS s»or« vn m» li/u P Kelang l{lt 14/10 Penang Hong Kong Yokohama 24/10 Nagoya 19/10 22/10 Oukj 20,10 Scnboku 16/10 Kashima Hochimmh •For Discharging Only NOTE: ALSO CALLING
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      Page 36 Advertisements Column 1
      666 36 CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSI.VO* S PORE ROAM. ADAM H BURG BREMEN ANTWERP MATARAM.27WB 25Oft S/U «fU WJJ W} A VESSEL 10-13/10 I*ll I*ll 3/" sRiwuAYA jowß i<Ti»n ifcu iw nu 3*u FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO to toductmm*. Mm aocMpfcig caigo to C—*>lwc«.
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      Page 36 Advertisements Column 2
      756 36 rth HANJIN SHIPPING I Yy J FULL CONTAINER SERVICE I S port I LeHavr* R dam H burg B'haven Fstowe FEEDER VSL SIN LINE HAUL LAX OAK 29/9 17/10 18/10 19/10 21/10 22/10 CHOYANG SUCCESS 010 C 1/10 H KUNSAN OSCE 26/10 28/10 6/10 24/10 25/10 26/10 28/10 19/10 HANJIN
      756 words
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      Page 36 Advertisements Column 3
      1314 36 PHI SCP HKC KSC KIG PUS MKT OSK SMI TYO LAX SfC PTL CHS BAL NYC LHV ANW KM FIX HBC SCP t grace RE-t3s *n an m* «/w vu wo mo wum ism an* mmi wi mi mi mi wi a/ut jwu E GLEAMY RE 030 4/10 *U> 10/10
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      Page 37 Advertisements Column 1
      1370 37 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE :*****22 DOCUMENTATION DEPT: *****44/ *****14 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 K.MO3) E *****87, Penang-(04) *****0, J.Bahru-(07) *****3, *****4 PTI INTI TRIDENT
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      Page 37 Advertisements Column 2
      1256 37 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUHO LOADING FOR WESTBOUHO VESSELS VOYAGE fffK |MANILA MOM VOTACC SPORE PKLANC HKIRC t'HAVEN THJURY ROTT AwlwtßP
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      Page 38 Advertisements Column 1
      1609 38 W w T W AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No **********0 M) \Vy TEL *****77 TELEX KAWAKIRS23I6S FAX *****79 \M M J I ■\J MALAYSIA HARPER WIRA SON BHD \r TEL PJ *****22 PK *****01/SPENANG *****5 JB 2361 CI KAWASAKI KISEN KAISHA. LTD. ,NDOMSI< TE US »■«««—«•«»*H /Wo»r
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      Page 38 Advertisements Column 2
      1167 38 tJ** PHIU-ORICNT UN€5 PTC LTD I IP 108 ROBINSON ROAD #07-00 GMG BUILDING SINGAPORE 0106 1 TEL *****22/*****69/*****00 TELEX RS ***** PHIL I FAX *****76/*****38 BY air, land or sea... Sjfcaiy WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 29 SEPT MONTREAL, OTTAWA, TORONTO, VANCOUVER,
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      Page 39 Advertisements Column 1
      1503 39 PACIFIC INTERNATIONAL LINES (PTE) LTD «wy /g Jf BV p,l ßuilding, 140 Cecil Street KXHX). Singaporeolo6. ["JAKARTA I I BANGKOK I VESSEL VOY SIN JKT SIN VESSEL VOY SIN BKK SM EOEN 9031 25/9 30/9 3/10 PEGASUS PROGRESS S36N 29/9 1/10 6/10 KOTA PANJANQ 07SB 29/9 1/1* KOTA NAGA UN
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      Page 39 Advertisements Column 2
      1073 39 BEN LINE CONTAINERS LTD N 200 Cantonment Road Tel: *****22 #13-05 Southpoint I>A Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT [yoY SPORE PKLANG SHAMPTON| HAMBURG BHAVEN ROAM LHAVRE wsi? 2M 22/10 16/10 10/10 15/10 21/10 pnawon f 96/518 29/9 Via Bar 17/10 20/10 22/10 02/517
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      Page 39 Advertisements Column 3
      324 39 M MYANMA SI FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIg PP<*B PAGAN VI6IW InPt MAGWAY VIBW In Pt 29/30 SEP MERGUI VIO2W 4/7 OCT PAGAN VI62W 12/U OCT MYOMAYWA VI3IW 1W» OCT g*THI BANK LINE (A oervtceol Andrew Weir Shlpp*n«) Vlr SEMI-CONTAINER SERVICE HEAVY LIFT
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      Page 42 Advertisements Column 1
      814 42 iriEjjg^ INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUNO SIN FIX BRV RDM ANT HBG RST MECKLENBURG t/90 27/9 21/10 23/10 22/10 24/10 27/10 ARABIAN SEN WFO43 02/10 24/10 2S/10 26/10 21/10 30/10 GERMAN SEN WFO44 1/10 31/10 1/U 2/11 4/11 t/U W. PIECK 1/90 1/10 1/11 3/11
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      Page 42 Advertisements Column 2
      1112 42 CS3lSiaLu, CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 PUB COmSOUOATIOW WWW TO: FAR EAST PORT KELANG 5/10 12/10 MANILA 6/10 13/10 PENANG 5/10 12/10 BUSAN 5/10 8. 10/10 BANGKOK 3/10 7/10 TOKYO 4/10 11/10 HONG KONG 1/10 5/10 YOKOHAMA 4/10 11/10 KAOHSIUNG 30/9 7/10 KOBE 4/10 10/10 KEELUNG 30/9 8.
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      Page 42 Advertisements Column 3
      338 42 LOADING FPU LOAOING FOR BUENOS AIRES VESSEL SPORE CM DON (AIRES MVIOEO *10 ST? VIT PACUA C ISAKL 14* am 11* 17/11 I*U OPT VMM 2 ■OSmiNI 17/11 2*ll W V|U Wl- HI! DISCHARGING FM BRAZIL ONLY Spout MNL MK KEI BUSAN TOK NGO KOO MosTwtcN i me mm tu
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      Page 42 Advertisements Column 4
      1351 42 figa tassf v >58? CHINA OCEAN SHIPPIN6 COMPANY 2t w SVS^ h tore b Sm7 D,mg full container liner service 05H,F CR NO: **********011 CABLE: COSTARLINE General Agents: 006 TAR SHIPPING PTC LTD TOEtmOPI VESSELyVOT FLX ROT HAM AWT OKK VESSEUVOY FIX ROT HAM AWT OKK SO CHUN HE/S2W 2MB
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      Page 43 Advertisements Column 1
      788 43 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! ETA USA All IPI Destiis 29/9, 5/10 EUROPE all Ports 28/9, 6/10 BANGKOK 29/9, 3/10 HONGKONG/CHINA 29/9, 2/10 SYD, MEL, ADEL, BRIS 28/9, 3/10 FREMANTLE 27/9, 4/10 MANILA 28/9, 5/10 PKLG/PENANG 3/10, 10/10 Port Kelang Branch Tel: *****21/2/3 Fax: *****24 Panang
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      Page 43 Advertisements Column 2
      245 43 RICHFIELD MARINE AGENCIES (S) PTE LTD EB TEL: *****33 (12 Unas) m FAX: *****15/*****03 pi TELEX: RS ***** RISHIP (3 Llnaa) f\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOV ETA LOAOtNG FOR SPORE NETSANET 20WB 30/10 OARESSALAAM MOMBASA. OJtBOUTI ASSAB MASSAWA ABYOT 23W8 25/11
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      Page 43 Advertisements Column 3
      824 43 MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS Of S PORE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INOONitIA SERVICE ii i i VSL VOY SIN
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      Page 43 Advertisements Column 4
      626 43 BANGKOK CEBU/MANILA VESSEL VOY SINGAPORE BANGKOK lytssa |vQY ffpQjj CPU MAWmT] NANTA BHUM o>ft Ned In Pt Sat 29/9 SO. ORIENT 39R 21/9 4/10 6/M SIRI BHUM# 464N Fri 2»/9 Mon 1/18 KITI BHUM 40S 5/10 U/U wT~ MAHA BHUM# 2»N Sun 30/9 Ned 3/10 SO ORIENT 41R 12/10 17/
      626 words
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      Page 43 Advertisements Column 5
      383 43 TO AUSTRALIA/NEW ZEALAND WL jfr—«iHh [Audita— o—w£i~| t HUOK S7H ms Sao am ~wi "*u u/u B*ussa as *u itm am SIT uu ~ou c «*ouk m m am Uu Tju uni wu 2*l ~4?u u5 iw n/u wu afu U DATS TO MBLBOURNK! TO USA/CANADA linpn'i |M Ort—« lOttrtotw
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      Page 44 Advertisements Column 1
      1209 44 MAC-NELS SINGAPORE Eifim tel ifirr tel aiwwl 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 1?N-/VV| J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2' LABUAN TEL: (087) *****9 V W N 'JAKARTA
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      Page 44 Advertisements Column 2
      535 44 ffgfc BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH £OR T CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER. WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK LVT PREMIER MS IN PORT 10 Oct Vij NPI
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      Page 44 Advertisements Column 3
      1203 44 /3EI THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES)"" SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH nMUL |WT I ETA PEST VESSEL VOT ETA IjEST KIM SOON LI 38/90E 29 SEP PENANG
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      Page 45 Advertisements Column 1
      699 45 W«v COMPANIA PERUANA vQQk DE VAPORES "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Pttwng* P. Kelang Singapore MURRAYEVERETT K3O/30 Sept KARABIEVERETT** 21/29 Sept 30 Septal Oct Disch) Oisch) MMAIAEVERETT 13/15 Oct Wffk "EVERETT ORIENT
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      Page 45 Advertisements Column 2
      581 45 VSI WOY [S PORE HAINLINER )LAX |KST |SAV NYC [wnTl ZIM PIRAEUS USE 14/10 IN HONGKONG 0/11 Hfll 1/17 VU 7/U Zlte SINGAPORE 3K »10 Ml to*TO 1/U 10/U 13/12 15/17 17/17 ZM CUT 111 31/10 ZtH TOKYO 1/12 U/12 13/12 U/12 17/U ZW TRIESTE UK 11/11 ZIM TOSAN 10/12
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      Page 45 Advertisements Column 3
      636 45 SING KWANG HANGI »IWIQ TMAMMMTATIOM {PTI) LTD WEEKLY LCL/FCL SERVICE VESSEL SPORE JAKARTA SURABAYA JENLINK 29/9 2/10 JENWEL 3/10 6/10 1 VESSEL S PORE BANGKOK A VESSEL 28/9 1/10 A VESSEL 29/9 2/10 I OCSTINATIONS ETA SINGAPORE PORT KELANG 28 SEPT MANILA 29 SEPT HONG KONG. ALL CHINA PORTS 29
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      Page 45 Advertisements Column 4
      529 45 TS PERINTIS LINE I! ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE/PONTIANAK JAKARTA SURABAYA VESSEL VOV SIN JKT SBY POMTIAHAK* DERAJAT 904 29/09 02/10 TAN TO SEJATI 25 03/10 06/10 DERAJAT 905 06/10 09/10 TANTO SEJATI 27 10/10 13/10 TANTO UTAMA 109 02/10 05/10 TANTO UTAMA 111 09/10 12/10 TANTO UTAMA 113
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      Page 45 Advertisements Column 5
      400 45 30/9 KEELUNG/KAOHSIUNG 29/9 BANGKOK 29/9 MANILA/CEBU 29/9 JAKARTA/BELAWAN/SURABAYA 28/9 PORT KELANG/PENANG/E. Malaysia 28/9 BUSAN 28/9 TOKYO/YOKO/KOBE/NGO/OSA 3/10 HONG KONG also accepting cargo to Huangpu/Shenzhen/FuAou/ Xiamen/Xingang/Shanghai SIN EUMPE/NK 29/9 LDN/FLX/LVP/SOU 29/9 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poiand/Bulgaria/Czech. SIN MSA/CAMAIA 29/9 LOS ANGELES/NEW YORK all IPI pants 1/10 VANCOUVER/TORONTO/MONTREAL SIN
      400 words
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      Page 46 Advertisements Column 1
      370 46 CB SHIPPING (ffi) MARINE SERVICES *>^C/ NORTH QUEENSLAND/PAPUA NEW GUINEA SERVICES CONTMNER/LCL/BfIEAKBULK SfRVICf "ANKE" SERVICE SP£ LAE MISIMA T'VILLE V.IBSB 23/10 2/11 6/11 11/10 BUNKER SURCHARGE EFFECTIVE 1/8/90 TEU USD2S 50 B/BULK USD 2.50 LCL USO 1.50 SUBJECT REVIEW bookings xcttna for emt mlmmtan u mKries wttotM. PLATOU PACIFIC V
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      Page 46 Advertisements Column 2
      778 46 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE I.Y. V.17-90W 28/9/90 23/10/90 14/10/90 18/10/90 K.V.U. V.IBCW9O 4/10/90 27/10/90 29/10/90 3/11/90 KM. V.lB-90W 15/10/90 10/11/90 1/11/90 5/11/90 K.V.T. V2OCW9O 22/10/90 12/11/90 13/11/90 18/11/90 SG V.19-90W 1/11/90 27/11/90 17/11/90 22/11/90 ALSO ACCEPTING CARGO FOR MILANO lASPEZIA PROVAGUO
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      Page 46 Advertisements Column 3
      435 46 OcerdSeruice l /I opf^nNML6^ClHniM. *^-r^" y 7lSr^-7/A«-flf/2 KL: allied-LINK SINGAPORE: /f7^\ m 04-*****2 *****8055 778 6522(22 lines) SEa 1# Marina Or»g Suun Ng/Chrlstina Chlew Dolly Mlrpurt/Eathar Yap ffill f\ E SHirpmG AGENCIES PTE LTD \JMLJU W Tl*: RS ***** NEOSHIP Fax: *****59 Tel *****29 (6 Une«) A. VSL 8 OCT
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      Page 46 Advertisements Column 4
      267 46 FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 17NB 3/10 "T VIGOUR PACIFIC 18NB 13/10 BANGKOK 30/9 7/10 BUSAN 5/10 13/10 HONGKONG 1/10 2/10 DURBAN 30,>9 12/10 j KEELUNG 30/9 7/10 PT. LOUIS 30/9 12/10 PT. KELANG 28/9 S/10 KOBE 1/1Q 8/10 P'RAEUS 29/9 810 OSAKA 2/10 9/10 1/10 2/10 SURABAYA 29/9
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  • Page 47 Miscellaneous
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      430 47 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0(00 0700 0000 0900 *****100 1200 ***************0 **********00 2000 2100 2200 2300 JR 13 1 7 19 2.0 2.0 18 1.4 12 1.1 1.1 12 13 20 2.4 2.7 2.7 2.5 22 1.7 1.3 1.0
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      Page 48 Advertisements Column 1
      414 48 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL -ML SHIPPING CORP., KARACHI. Mf* 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 7WN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P BAHRU JAMBI TBN 27/9/90
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      Page 48 Advertisements Column 2
      706 48 AiHYU N DAI MERCHANT MARINE CO. LTDEASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKC LBH OAK SEA CHT FROM PSW VOY LBH OAK SEA HKC SIN HYUNDAI PIONEER 3SE 29/09 04/10 22/10 24/10 27/10 26/10 HYUNDAI INNOVATOR 34W 2008 23*8 2608 13/09 21/09 LALANOIA 35E 6/10 11/10
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      Page 48 Advertisements Column 3
      504 48 CHARTPOINT Every Saturday in Business Times TxPORTTO: UK/CONTINENT (TRIO) S PORE S TON M'BURC BHAVEN R'DAM LEX htut, BREMEN EXPRESS 2M 22/10 li/10 11/10 IV* 21/10 MMm :to Antwp. tasterta*. Oata. Stackhota. Hahmti KB&. |y» la k r. »ss iMsr-— MEDITERRANEAN (MED CLUB)* JEDDAH BBMBB Siwm peril Pif—ut B'catoiu Vaaillaa
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