The Business Times, 27 September 1990

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 170/12/89 Thursday September 27 1990 75*
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  • NEWS SUMMARY
    • 74 1 NORTH KOREAN President Kim II Sung, in a meeting with leading Japanese politicians yesterday, agreed to improve his country's stormy relations with Japan through their firstever official government-level negotiations. Kyodo News Service said Mr Kim also agreed to settle "favourably" the fate of
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    • 36 1 SINGAPOREAN investment in China is gradually moving beyond property and hotel development and into manufacturing, says Mr Wang Jiu An, the Commercial Representative of the People's Republic of China in Singapore Page 2
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    • 33 1 THE SINGAPORE Swimming Club (SSC) is upgrading its facilities at Tanjong Rhu to the tunc of $11.5 million to make its facilities comparable to that of other upmarket clubs Page 2
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    • 32 1 THE THAI government yesterday increased domestic fuel oil prices by an average of 21 per cent because of soaring world prices caused by the Gulf crisis Page 8
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    • 26 1 A FUND to help knitwear manufacturers facing penal taxes in the United States may be set up by the Hongkong government Page 8
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    • 33 1 THE European Community's chief executive on Tuesday challenged German leaders to pledge that the merger of East and West would not weaken their support for European economic union Page 10
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    • 30 1 MOST actors love to play characters who arc wicked or deformed. Stacy Kcach is no cxccption as he tackles the role of Shakespeare's Richard 111 Page 17
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    • 45 1 LOOKING at boom-times for shiprcpair in the next few years, state-owned Malaysian Shipyard and Engineering has revealed that it is working on a block contract worth nearly US$3O million to repair four tankers for oil major Mobil. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • 55 1 THE NEW YORK stock market opened lower yesterday, unable to build upon the gains of the previous session. The Dow Jones average of 30 industrials was down 9.40 points at 2,476.24 at 1430 GMT in the first hour of trading. Losing issues narrowly outnumbered gainers, with 478 declining,
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    • 43 1 SHARE PRICES on the London Stock Exchange were higher yesterday afternoon. The key Financial Timcs-Stock Exchange 100-sharc index stayed well above the 2,000 support level. At 1200 GMT, the FT-SE 100-sharc index was up 13.8, or 0.7 per ccnt, at 2,013.
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    • 37 1 THE Lum Chang group has released a disappointing set of results for last year, with its 24 per ccnt rise in turnover accompanied by a 20 per ccnt fall in after-tax earnings Page 3
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    • 25 1 JARDINE Matheson is to appear on the Australian Stock Exchange early November, following the approval by Australian authorities for its admission Page 4
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 559.50 -7.72 Kuala Lumpur ....473.88 -10.55 Hongkong 2,778.74 -28.76 Tokyo 22.250.62 -1.108.70 Sydney 1,386.0 -7.6 Tuesday Change New York 2,485.64 +32.67 London 1,999.2 +8.9
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    • 19 1 Exchange rates USS SS 1.7650 Yen S$l.2850 MS SS0.6533 Money aariiflt rates Overnight 7% 1-1/8 3-month 6-1/2 unch
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    • 37 1 London Gold PM fix US$402.70 -US$1.05 Rubber S'porc Oct.... 157.00«/kg +1.50 M'sia Oct 239.50*/kg +1.00 KL Tin Turnover 45 tonnes -60 Spot M$ 15.67/kg +0.02 Crude palm oil Turnover 320 lots -76 Oct M$670 /tonne -2.00
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  • 376 1  -  By John Tan TOUR prices for all major destinations from Singapore are likely to go up by about five per cent from Nov 1. The Intra-Orient Marketing Programme (IMP), a travel industry group that sets the minimum selling price of
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  • 383 1  -  By Dexter Lee BUS AND taxi fares are going up. Public transport operators, which sought to pass some of their higher operating costs to consumers, received the green light from the Public Transport Council late yesterday. Taxi fares will increase
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  • 165 1 PLUNGING stocks in Tokyo led a general stock market retreat throughout Asia yesterday as concern mounted over the Gulf standoff. Japanese stocks posted a new 1990 closing low after the Nikkei index plummetted by 1,108.70 points, or 4.75 per cent, to close at 22,250.62. In Hongkong,
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  • 294 1 The Gulf Crisis World powers consider use of force Agencies THE UNITED STATES and Soviet Union appeared closer to invoking UN powers to use forcc against Iraq, although they stressed that an air embargo imposed by the UN Security Council was an effort to tighten sanctions
    Agencies  -  294 words
  • 103 1 ARTHUR ANDERSON, one of the worjd's largest public accounting and information technology consulting firms, has plans for its consulting arm to expand its training technology programme in Singapore soon. Soh Tiang Keng, who visited the group's Centre for Professional Education in St Charles, a Chi- cago
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  • 370 1  -  From Chuang Peck Ming IN LENINGRAD "DON'T wait, invest time and money in the Soviet Union now" is the message Prime Minister Lee Kuan Yew has for Singapore businessmen. Mr Lee who flies home today from Moscow, said if
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  • 283 1 Reuter ALAN BOND, Australia's most talked about and resilient entrepreneur, finally threw in the towel yesterday after months of tenacious fighting to try to salvage his once mighty corporate empire. Mr Bond's resignation as chairman and director of Bond Corporation, the group he built from scratch into
    Reuter  -  283 words
  • Page 1 Advertisements
    • 318 1 Cassette Receiver K1 FUjnSU TEN AMATEUR PHOTO STORES PTE LTD. Phone. 235 1333 Kuala Lumper Phone 757 0233 Pwiaaf: Phone, 615 985/619 014 Jakarta: Phone. 374 065/380 1472 Adverting Mktmg 1« Money Changer Rate 27 brcraft Schedule 27 Money Market 25 world Stock Markets Commodities 26 Regional News 8,9 Cryptic
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    • 21 1 Steering group set up, UN council votes for embargo, Pg 11 Woes of shrinking Editorial, Pg 12 Bottom Line, Back Page
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  • HOME NEWS
    • NEWS ROUNDUP
      • 50 2 THE STUDY GROUP SUB-COMMITTEE of the National University of Singapore Society (NUSS) is holding a forum today to promote critical thinking and social awareness among its graduate members. The forum, Restructuring of Education: Implications, will be chaired by a panel of four distinguished speakers.
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      • 75 2 THE ASEAN SUB-COMMITTEE on Tourism (Asean Scot) at its recent 26th meeting in Kota Kinabalu, Sabah, decided that the Asean Tourism Information Centre (Atic) will be extended for another three-year period until the end of 1994. According to a press release, an ad hoc Administrative and
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      • 56 2 MORE THAN 18,000 COPIES of the English edition of the food handbook "Food for Thought" have been sold since it was launched in December last year. Owing to its popularity and requests for a Chinese edition, the Ministry of Environment has arranged for the publication of
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      • 62 2 PETER SUNG, Minister of State (Foreign Affairs and National Development), last night commended the Amalgamated Union of Public Employees (AUPE) for the mutual trust and support it had built up through the years with the management. Mr Sung was speaking at AUPE's 31st anniversary dinner and dance.
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    • 105 2 SINGAPORE TELECOM will be extending its international toll-free telephone service to Canada, Germany and Norway from Oct 1, bringing the total number of countries it serves with this service to 15. The other countries covered are Australia, Denmark, Hongkong, Indonesia, Japan, Malaysia, New Zealand, the
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    • 438 2  -  Companies move from property and hotel development to manufacturing By Yong Pow Ang SINGAPOREAN investment in China is gradually moving beyond property and hotel development and into manufacturing, says Mr Wang Jiu An, the Commercial Representative of the People's Republic of China in Singapore. The
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    • 343 2  -  Recruitment drive, development levy and higher entrance fee to help finance project By Anne Lee THE SINGAPORE Swimming Club (SSC) is upgrading its facilities at Tanjong Rhu to the tune of 11.5 million to make its facilities comparable to that of other upmarket clubs.
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    • 61 2 In an effort to improve its customer service, DBS Bank has become the first local bank here to introduce automatic teller-operated machines which can dispense both notes and coins according to customers 1 requirements. The machines are currently used at the bank's Raffles City and South
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  • Page 2 Advertisements
    • 386 2 GOOD IDEAS KEEP COMING UP Umrecalaitßl clarity. Amazing iirfonnaHce. The lightest, smallest, full featured The new choice portables, notebook computer. ■BP"""""* Only 2kg in weight, and 34 mm thin. But it packs all the performance jk H That's the beauty the \Jf*A What's truly amazing is the paper while VGA
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 482 3  -  By Lee Han Shih THE Lum Chang group has released a disappointing set of results for last year, with its 24 per cent rise in turnover accompanied by a 20 per cent fall in after-tax earnings. For the financial year to June
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    • 231 3 ADVERSE economic conditions in China, where Lim Kah Ngam (LKN) Ltd has business interests, have pulled down its profits for the six months ended June 30. Its newly-opened Hotel Equatorial in Guangzhou, in the south of China, has turned in poor results which in
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    • 122 3 Bernama MALAYSIAN General Investment Corp Bhd (MGIC) yesterday agreed to purchase broking firm Charles Bradburne and Co (1980) Sdn Bhd from Andrew Chin and Puan Shajarattudur Sheikh Abdul Halim for Ms 7 million cash. Under the terms of the agreement, the money raised will solely
      Bernama  -  122 words
    • 375 3 Bernama MALAYSIAN French Bank Bhd, a subsidiary of Multipurpose Holdings Bhd, is likely to have a capital injection to expand its retail banking business, Kamunting Corporation Bhd chief executive director Lim Thian Kiat said yesterday. Kamunting Corp completed its acquisition of the entire
      Bernama  -  375 words
    • 507 3 MARKET TALK Reuter MALAYSIA is set to unleash a juggernaut into its stock market with the listing of the state-controlled telecommunications giant Syarikat Telekom Malaysia Bhd (STM) in November. STM plans to issue 470.5 million shares of Msl par value at Mss
      Reuter  -  507 words
    • 268 3  - PentexSchweizer profits 46pc higher than forecast By David Chew NEWLY-LISTED PentexSchweizer Circuits Ltd has put in a much better performance than what it had forecast early this year prior to its listing. The printed circuit board maker weighed in actual af-ter-tax profit of $4.38 million for the year ended June
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    • COMPANY BRIEFS
      • 57 3 COLD STORAGE Holdings' (CSH) capital reduction scheme has bccome effective following the lodging of the court order with the ROC yesterday. Shareholders who have not sent in their current CSH shareholdings to the company for cancellation must do so to receive their entitlements of
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      • 97 3 IGB CORPORATION Bhd, the property group, has recorded a 34 per cent rise in group pre-tax profit to M 528.39 million for the half year to June 30, 1990, from M 521.11 million in the corresponding period of last year. IGB, in releasing its unaudited
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      • 96 3 TAIPING Consolidated Bhd's directors have approved a proposed merger with Mayang Sari Sdn Bhd, the owners of the almost-completed lot 10 shopping complex in Kuala Lumpur, and a one-for-four bonus issue of three million 50-sen shares. Taiping Consolidated said it would enter into an agreement
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      • 93 3 EDARAN Otomobil Nasional Bhd, the sole distributor of Proton Saga cars, is still negotiating with several parties with a view to taking over a commercial bank or finance company, says executive director Nadzmi Salleh. "We have approached a few (financial institutions)." When asked what sort of
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      • 92 3 MALAYSIA Mining Corp Bhd's independent directors have advised minority shareholders to vote in favour of the sale of 25.64 million shares in Sime Darby Bhd for MJ99.99 million. The sale of the 1.65 per cent stake in Sime Daiby to state-owned Permodalan Nasional Bhd (PNB)
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      • 80 3 PROMET Bhd says its disposal of land in Tanjung Rhu, Pulau Langkawi, to a joint-venture company should accelerate the development of Tanjong Rhu into an integrated resort complex. Replying to a query from the Kuala Lumpur Stock Exchange, it added that proceeds from the sale
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  • Page 3 Advertisements
    • 134 3 Since 1735 there has never been a quartz Blancpain watch. And there never will be. Model shown: 6595-141&-58 JUL BlancpaiN Faithful to the traditional art of watchmaking, each watch is still assembled, polished and finished by hand by the individual watchmaker. In all, only four ladies' watches and six men's
      134 words

  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 113 4 BEER-BASED San Miguel Corp, the Philippines' largest private firm, plans to set up breweries in China, Vietnam and Nepal, a spokesman said yesterday. The firm secured a licensing agreement with Mount Everest brewery in Nepal in the first semester and plant operations are scheduled
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      • 150 4 HONGKONG-LISTED electronic products manufacturer, Video Technology Group Ltd, said shareholders approved the 1 group's capital reorganisation plans at a special general meet- ing held yesterday. The restructuring involves the cancellation of all existing IOHK cents shares in the company. Shareholders will be offered in return either
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      • 79 4 DAEWOO Heavy Industries Ltd signed an accord to buy vrjlplgian machinery maker Compagnie Beige de Materiel Ini ftistriel SA to secure a foothold in Europe before 1992, a Daewoo spokesman said. Daewoo Heavy president Lee v tyung-hoon and the Belgian company's biggest shareholder, £«%Jentified as FC
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      • 80 4 INTERNATIONAL Holdings (KWIH) has bought -Cw entire share capital of three property development and reinvestment companies for HK$45 million. It has also ac- guired the benefit of all share holders loans to the thee for about HK528.89 million as part of the «MK$73.B million deal.
        80 words
      • 71 4 j&\MAHA Motor Co Ltd has denied Japanese newspaper reports that Ford Motor Co has asked it to supply a full range W fuel-efficient engines. Nikkan Kogyo Shimbun, a Japanese tidustrial daily, reported yesterday that Ford was seeking IpOOcc to 4,000 cc car engines from
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    • 410 4  -  Frtm Florence Chong In SYDNEY JARDINE Matheson is to appear on the Australian Stock Exchange early November, following the approval by Australian authorities for its admission. The Hongkong group, with its corporate headquarters in Bermuda, will become one of the top
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    • 232 4 CORPORATE adviser Peregrine, one of Evergo International's closest allies, has turned its back on the Lau brothers and recommended shareholders accept Taiwan tycoon Hwang Chou-shiuan's offer, according to a report in the South China Morning Past. The besieged brothers appear
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    • 479 4 WITH A HEALTHY 28 per cent profit boost behind it for the six months to June 30, Inchcape Pacific is still pursuing an aggressive expansion programme in the region, despite world economic uncertainties. Profit of the group in the first half was HKSIBI
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    • 675 4 THAILAND'S Kanjanapas family has emerged in a quiet manner to become one of the country's most successful real estate developers. Mongkol Kanjanapas, head of the family and chairman of the Muang Thong Group, has brought the group a long way since its first venture
      675 words
  • Page 4 Advertisements
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    • 80 4 FOR SALE 68 69 Amoy Street (Next to National Development Building) I Prime Shophouse units under conservation Totai Land Are 3,275 00 (?<?<? year r_ j Approval for 4'/2-storey office building with ttft em m fMMimt (Alternate uses possible) Tip gp 18 Proposed floor area of 8,847 sq ft (net)
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  • Page 5 Advertisements
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 114 6 THE SWISSAIR airline is believed to be about to choose a European manufacturer to supply about 50 airliners worth about US$l.54 billion, Swiss radio reported yesterday. The order would be the biggest ever placed by Swissair and it would be the first time
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      • 113 6 PAMPERS, part of the Procter and Gamble group, and leading Italian nappy maker Fater are to set up a joint company controlling 90 per cent of the Italian market, it was announced in Milan on Tuesday. The new operation would also sell its products in
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      • 83 6 FOR THE first time, court documents on Tuesday disclosed the full nature of the findings of the government's four-year inquiry on Michael R Milken, as well as the former financier's defence against the allegations. The disclosure, contained in a memorandum written by defence lawyers replying
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      • 72 6 JAPAN'S Kobe Steel Ltd and Aluminum Co of America (Alcoa) said on Tuesday they had agreed on a tie-up to include development of aluminum auto parts and the establishment of a joint venture to make aluminum cans. The planned venture, KSL Alcoa Aluminum Co, will produce
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      • 98 6 A STEERING committee for the 33 banks owed a total 460 million punts by privately-owned Goodman International Ltd met on Monday in London but postponed a decision on the financially troubled Irish beef company. The committee, which met with court appointed examiner Peter Fitzpatrick, put
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      • 61 6 ANGLO-DUTCH group Unilever has bought the Katalco catalyst company of Chicago, Unilever announced in Rotterdam on Tuesday. Katalco, which employs 125 people, was bought from British chemical giant ICI. Unilever said Katalco makes a wide range of catalysts for the petrochemical industry, and the new
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    • 340 6 JAPAN'S Matsushita Electric Industrial Co Ltd said on Tuesday it has been engaged in talks about buying MCA Inc, one of the biggest names in the US entertainment industry. The US$6 billion deal would represent the latest in a string of high profile purchases
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    • 426 6 FT ERNEST SAUNDERS, the former chairman and chief executive of Guinness, the UK drinks group, will not face trial in the second part of the Guinness prosecution due to begin in January. Last month, Saunders was jailed for five years for his part in
      FT  -  426 words
    • 332 6 Reuter SHARES in Continental AG have kept rising despite the firm's poor earnings outlook and weakness in the overall market. Continental is facing what it calls a hostile takeover bid by Pirelli SpA and dealers say the share rise has unleashed speculation that Pirelli may
      Reuter  -  332 words
    • 207 6 FT THE UK GOVERNMENT has rejected a call from PoUy Peck International for an official investigation into the circumstances which led to the collapse in its share price last week. The company's board had asked for a Department of Trade and Industry inspection in
      FT  -  207 words
  • Page 6 Advertisements
    • 205 6 What sort of impression are you making at work? 1., fl i^Sgm i J ww Tff v/ jgSSaSgg*™ l lirJT"^ w ■5 ju :> i£" r I S§ Mm I P^\?> .^HiiiHfiiK^p It goes without saying, you need to make a great absolute ease. There's a complete range of fonts
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  • FINANCIAL NEWS
    • 454 7 MBT THE PHILIPPINES is considering whether to allow more foreign banks and other financial institutions to set up branches in Manila. But initially, the planned policy would give priority to banks from Manila's Asean partners Brunei, Indonesia, Malaysia, Singapore and Thailand. "We are
      MBT  -  454 words
    • 299 7 NYT THE chairman of the Federal Deposit Insurance Corp has proposed sweeping changes in America's banking industry, including the repeal of the three main federal regulatory laws to ease the financial stress on the industry and the federal fund that insures deposits.
      NYT  -  299 words
    • SMALL CHANGE
      • 79 7 MORGAN STANLEY Group Inc has formed a unit that will trade and secure debt for less-developed countries, primarily in Latin America, and will provide financing for the public and private sector in developing countries. The group will be headed by Jay H Newman, who pioneered the
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      • 74 7 MERRILL LYNCH Money Markets Inc, the largest dealer of short-term securities on Wall Street, has adopted an increasingly popular kind of commercial paper (CP) financing to pay for part of its inventory of short-term securities. Although executives at Merrill Lynch Money Markets declined to discuss the
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      • 47 7 THE Ka Wah Bank has become the first mainland-controlled bank authorised to conduct retail banking in the United States. The bank has become a member of the Federal Deposit Insurance Corp (FDIC) which entitles it to take deposits of less than US$lOO,OOO.
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    • 48 7 The director of Japan's Nihon Keizai Shimbun Databank Bureau, Mr Susumu Kajita, ringing the opening bell for the new Nikkei 225 futures and options contracts at the Chicago Mercantile Exchange on Tuesday with Leo Melamed, chairman of the CME's executive committee, looking on.
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    • 324 7  -  By Quak Hiang Whai BANK of America and Britain's Barclays group have teamed up to issue travellers cheque globally, creating one of the world's biggest issuers of travellers cheques. Under a joint venture agreement signed last week, BofA will combine its
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  • Page 7 Advertisements
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  • Page 7 Miscellaneous

  • THE REGION 1
    • NOTE BOOK
      • 119 8 A BOMBING campaign in Manila has apparently shifted to foreign symbols, with Coca Cola and Pepsi Cola attacked yesterday following blasts at the weekend in the Nikko and Mandarin hotels, police and observers said. Explosive devices were also discovered and disarmed at the local subsidiary
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      • 76 8 DIPLOMATS at the East German embassy in Kuala Lumpur are packing their bags to leave for home after representing Berlin's interests in Malaysia for 17 years. The Bernama news agency yesterday quoted an embassy spokesman as saying that the embassy would cease to function after
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      • 96 8 SOUTH KOREA plans to import one million tonnes of liquefied natural gas from Malaysia for three years starting in 1992. South Korea also plans to import another one million tonnes of LNG from Malaysia per year on a long-term basis from 1995, said Energy
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      • 112 8 TWO FOREIGN oil companies are to begin drilling for natural gas in the western Philippine island of Palawan next year, President Corazon Aquino has said. The two companies would probably strike the reserves by mid-1991, she added. She did not name the companies, but said
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      • 137 8 HONGKONG had a trade surplus of HK53.73 billion in August, down from HK$5.O7 billion a year earlier, Census and Statistics Department provisional data show. Total exports in August rose by 12 per cent year-on-year to HK559.43 billion. Imports were valued at HK555.71 billion, a
        137 words
    • 624 8 THE THAI government yesterday increased domestic fuel oil prices by an average of 21 per cent because of soaring world prices caused by the Gulf crisis. The Commerce Ministry said the price of premium gasoline was raised by 20.8 per cent, kerosene by
      624 words
    • 350 8 Buddhist principles of farming are widely adopted AP THAILAND may be buffeted by economic shockwaves from the Middle East, but farmers like Wibul Khemchalerm shrug off soaring energy costs and commodity price swings. He has only four acres, but it's all he needs to
      AP  -  350 words
    • 507 8 CERTAIN PEOPLE have been trying to derail the controversial Skytrain project after the Thai Cabinet postponed its decision on the project last week, reported the Bangkok Post. The Thai Cabinet was expected to re-consider the project at a meeting on Tuesday,
      507 words
    • 416 9 A FUND to help knitwear manufacturers facing penal taxes in the United States may be set up by the Hongkong government, according to a report in the South China Morning Past. But Trade and Industry Secretary John Chan has warned that such a
      416 words
    • 152 9 AP POLAND has asked South Korea to participate in its nuclear power plant construction projects, officials said onWednesday. The request came last week when Polish delegates attending the 34th annual meeting of the International Atomic Energy Agency (lAEA) in Vienna met with
      AP  -  152 words
    • 320 9 AFP BRITISH companies are keen on submitting tenders for Hongkong's controversial new airport project with or without China's blessing, British Minister of Trade Tim Sainsbury said in Hongkong yesterday. Mr Sainsbury toJd reporters at the end of a five-day visit to
      AFP  -  320 words
    • 259 9 HONGKONG is cracking down on illegal immigrants in a bid to stem the highest influx of illegal workers in ten years. The government has lifted the maximum penalty for employers found guilty of hiring illegal immigrants to three years imprisonment and a HK5250,000 fine.
      259 words
  • Page 8 Advertisements
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  • Page 9 Advertisements
    • 93 9 Ks| BSSBe^™S^BB^SSBSSP^^i StwcwiutJ m Fine HanUawtud Cartxts O Sunda y> September 30/1990. |j> Grand Ballroom pjpj O Hilton International Ik| 100 Hand-knotted Persian, Village, g§ $2 Tribal and Workshop pieces. 8^ jS? Auction Sale: 1.30pm spm &3 n,j|la All lots are guaranteed and backed by jSSM a full trade in
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    • 208 9 TLlpS^ i^hßs VV 1 «s n7^*wO*Kl»&v v •opr-'^y. H \fl B& J^ GP Sea-Hawk automatic A watch for all situations. Its essential lines and the tangible beauty faithfully reflect the movement, bringing the watch to life Originally conceived as a diving instrument, it withstands the roughest treatment to depths of
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  • THE WORLD 1
    • WORLD WATCH
      • 123 10 GREGORI YAVLINKSY, the youthful deputy prime minister of the Russian federation, is best described as a gate-crasher to this week's IMF-World Bank meeting. The architect of what is known as the Shatalin plan to move the Soviet Union to a market economy in 500 days,
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      • 103 10 THE AMERICAN SENATE has failed by three votes to cut off debate on a bill that would require car makers to improve fuel efficiency significantly. The Tuesday vote in effect kills the measure in the current session of Congress. It was the first legislative
        103 words
      • 92 10 BRITAIN'S ambassador to South Korea has chided his hosts for an "ill-considered, short-sighted" campaign to cut imports of foreign goods. Mr David Wright warned South Korea that it faced possible trade retaliation unless it more fully opened its markets to foreign goods and services, and scrapped
        92 words
    • 276 10 AP THE European Community's chief executive on Tuesday challenged German leaders to pledge that the merger of East and West would not weaken their support for European economic union. "Are the Germans truly interested in economic and monetary union?" asked Jacques Delors,
      AP  -  276 words
    • 167 10 Reuter THE European Community's top farm official said EC ministers had urged him not to yield to pressure for deeper farm subsidy cuts in world trade talks. Farm commissioner Ray MacSharry wants to offer a 30 per cent cut in support over the years
      Reuter  -  167 words
    • Article, Illustration
      65 10 A one-million-sterling-pound note printed just alter World War II is to be put up for sale. No longer legal tender after being cancelled in 1948, the note was used by the UK Treasury as a record of the movement of money from the Marshall Aid Fund. It is expected
      Reuter picture  -  65 words
    • 394 10 Reuter A SENIOR member of the US Federal Reserve Board has urged against cutting interest rates despite a government report that showed the economy was weaker than forecast even before oil price increases threatened a recession. The Commerce Department reported on
      Reuter  -  394 words
    • 723 11 The Gulf Crisis NYT AFTER A BLUNT warning by the Soviet Union that war is close in the Persian Gulf unless Iraq withdraws from Kuwait, the United Nations Security Council has voted to impose an embargo on air traffic that would further tighten
      NYT; Reuter picture  -  723 words
    • 474 11 NYT PRESIDENT George Bush has announced the formation of a steering group of countries to coordinate international economic aid to countries hard hit by oil price increases and other results of the Persian Gulf crisis. Establishment of the council, the Gulf
      NYT  -  474 words
  • Page 10 Advertisements
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    • 412 10 It happens to all of us. We find ourselves unable lo speak up when we really need to. We remain in the ranks of the "slleat majority" the people who are never heard from while others dominate both thinking and action. And we don't always know why. But whatever the
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  • Page 11 Advertisements
    • 108 11 RIBS...RIBS...AND RIBS 5-COURSE SET MENU FOR LUNCH DINNER Soup of the Day Toasted Garlic Bread Selection of Main Course Dessert Coffee or Tea Fruit Juice Selection of Main Course Airflown BBQ Pork Ribs $11.90* yfl v e>,cri Airflown BBQ Beef Ribs $12.90* V Airflown Ribeye Steak Beef Ribs 13.50* y*
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    • 487 11 Hole in one? Won't happen to you Introducing a special insurance for hackers ahd crocs That hole in one may seem improbable in most golfers'; lifetime. Yet it strikes even the worst among including weekend hackers. So what happens when it does? Pay for of your own pocket? Or stop
      487 words

  • 499 12 EDITORIAL It is no small indication of the strengths of those involved in the Gulf crisis that Kuwait has again become the central issue. Weeks into the Iraqi invasion, the attention of the West and the Arab countries contesting Iraq's action seemed to have shifted
    499 words
  • WHAT THE OTHERS SAY
    • 199 12 AUSTRALIA'S decision to allow the sale of state airlines and a company specialising in satellite telecommunications is a momentous one because it goes against one of the Labor Party's most sacrosanct principles, that of public ownership. This is the second important social decision the government has
      199 words
    • 171 12 IT IS heartening to see the emerging national identity among Singaporeans, as shown by a study conducted by the Institute of Policy Studies. But we still have a long way to go to arrive at the stage where every citizen, regardless of race, language or religion,
      171 words
    • 126 12 THE NAVAL blockade against Iraq was implemented some time ago, but Baghdad is still stubbornly defiant. So an air embargo might not be able to turn Saddam Hussein around. It is something even more complex and its effectiveness is doubtful. Nevertheless, broadening the sanctions against Iraq
      126 words
  • REGIONAL VIEWPOINTS
    • 178 12 SOME CRITICISM has been voiced against the holding of the World Summit on Children on Sep 30 at the United Nations headquarters. It will be attended by more than 70 heads of state who will discuss issues related to children's welfare and sign a declaration on the
      178 words
    • 153 12 ANY HOPE that Hongkong can ride out the threatened global recession by hitching itself to the bold policies of leading economies has been dashed by the sombre conference of finance ministers in Washington over the weekend. Hongkong is better prepared now than in 1973 or 1979 to
      153 words
    • 170 12 LAST WEEK Interior Minister Banharn Silapa-ar-cha vented his frustration once again on the press because of reports that had hurt his ego. After Banharn went on an inspection trip to the northeastern province of Roi Et, reports appeared in some newspapers that provincial officials received orders from
      170 words
  • 817 12  -  The once-mighty greenback is losing its appeal as a haven in times of crisis, says Edward Roby Edward Roby Edward Roby is an English language editor of the German Economics Mews Service, VWD IHT THE Gulf crisis has badly damaged one of the most
    IHT  -  817 words
  • Page 12 Advertisements
    • 102 12 mamSmßmi M If *\r V >r j iSM#r r'trwi Ld& Kti*»r 3a nniK 7 T f j tii .Mii^ IPMiHIIK^f^ :*v' J^pr It's not surprising. With a network that covers more than 140 destinations in 77 countries worldwide, you could get to any destination effortlessly with KLM. And with Europe
      102 words
  • Page 12 Miscellaneous
    • 32 12 DOONESBURY BY GARRY TRUDEAU ...BUTYOUGOTJAH6URS OFCOURSd, JAf L&NOS COMING CP/ER H B HE'LL BRING ALONG fOUILHAVE TO W9E n*** lo I I SOME MAJOR BABES, THE WEAR A TURKEY COSTUME.. MR LSNO
      32 words

  • ANALYSIS
    • 1497 13  -  Arthur Anderson, one of the largest public accounting and information technology (IT) consulting firms in the world, has plans for its consulting arm to expand its training technology programme in Singapore soon. Soh Tiang Keng was recently at the group's Centre for Professional Education in
      1,497 words
    • 848 13  -  Kimba Wood has been described as having an unassuming appearance and soft voice. But she is by no means a push over, reports Michele Galen Michele Galen Reproduced from Business Week International by special permission. Copyrighted by McGraw-Hill, Inc. AU rights reserved WHEN Michael
      848 words
  • Page 13 Advertisements
    • 78 13 Tropics Simply en-Thai-cing... A t fHTYlF w/ m m m The finest Thai cuisine direct from Siam Square prepared by Master chefs from the Piovotel Bangkok! U i v. i i Mill! Ill I m) Delicate flavours and fragrant spicespiquant, tangy and the luscious sweet Thai authenticity all the way!
      78 words

  • ADVERTISING & MARKETING
    • 230 14 THE AMERICAN Chamber of Commerce began its first image campaign earlier this month, to get business executives involved in political issues affecting the American economy. One ad in the print campaign uses the theme line "Join the US Chamber because the fight goes on". This ad will run
      230 words
    • 417 14  -  How does one promote an upmarket alcoholic beverage? With a spirit of discretion, as Hansh Mehta finds out Harish Mehta CONSUMERS must discover Dunhill scotch rather than have it thrust upon them, according to Bruce Hyde, managing director of Dunhill Scotch Whisky Sales Ltd.
      417 words
    • 398 14 NYT CUTTY SARK, once one of the most popular brands of scotch, is trying to make a comeback with a US$45 million advertising campaign intended to update its image. Readers of the October issues of Esquire and New- sweek are in for a
      NYT  -  398 words
    • 605 14 An electronics firm used to be dogged by the lack of a brand identity. Not anymore NYT THE RCA DOG is back. Thomson Consumer Electronics has begun a US$3O million campaign to reposition its RCA division and reintroduce the brand's most famous symbol. "We've
      NYT  -  605 words
    • 341 14  -  By Schutz Lee KODAK (Singapore) Pte Ltd has signed on as the first official sponsor of a key attraction of the newly-opened Haw Par Villa theme park. Its sponsorship of the Spirits of the Orient Theatre in the park is also
      341 words
  • Page 14 Advertisements
    • 195 14 jp|— at Sheraton lowers. Select 9k a complete from our menu— l^yri|s^^|yy appetizer, soup/salad, main course, dessert and listed beverage— and Jfljl we guarantee it will cost no a j*r more than £33.00. a jHB. i. *Wmm Pgr m mk a IPIPI ALA CARTE DINING AT A GUARANTEED PRICE. Sr
      195 words

  • SPORTS
    • 653 15 AP TOP-SEEDED Andres Gomez of Ecuador was upset by France's Jean-Philippe Fleurian in straight sets in first round action of the US$5OO,OOO Swiss Indoors men's tennis tournament. Fleurian, capitalising on careless errors by the world's fifth ranked player, overcame Gomez 7-6 (7-4), 7-6
      AP  -  653 words
    • 266 15  -  By Cassandra How ARNOLD PALMER, the world's golfing legend, was in Singapore recently to overlook the designing and developing of a championship signature golf course at Desaru. This will be part of the Ms 3 billion Desaru International Resort which is due for completion
      266 words
    • SIDE LINES
      • 64 15 THE OAKLAND Athletics clinched their third straight American League West championship on Tuesday night by defeating the Kansas City Royals 5-0 as Dave Stewart pitched a five-hit-ter for his career-high 22nd victory of the season. The A's, who have won the last two AL pennants,
        64 words
      • 68 15 4ERICAN KATHY Rinaldi struggled through two sets afpinst a strong Marketa Kotcha of West Germany before winning 1-6, 7-5, 6-0 on Tuesday in East Germany's first and last professional tennis tournament. Rinaldi, 59th in world ranking, looked like a loser in the first set, but held on
        68 words
      • 53 15 FERRARI boss Gianni Agnelli on Tuesday spoke out in support of Alain Prost in a bid to solve the Frenchman's rift with the Italian Formula One team. According to reports, Agnelli was astonished at Ferrari's lack of strategy in last weekend's Portguese Grand Prix won by Prost's
        53 words
  • Page 15 Advertisements

  • Page 16 Advertisements
    • 138 16 WHERE TO WINE, DINE AND ENTERTAIN... WHERE TO WINE. DINE AND ENTERTAIN... WHERE TO WINE, DINE... Some of our best advertising is by \wrd of mouth. JK H j fIII For outstanding haute cuisine in surroundings of unashamed opulence. The Palm Grill is the name on everyone's lips. Reservations. 330
      138 words
    • 447 16 Hwr regency sngapore PROUDLY PRESENTS The Best of the RARRON KNIGHTS THE VERY SUCCESSFUL INTERNATIONAL COMEDY ACT MONDAY. 1 OCTOBER 1990 TUESDAY. 2 OCTOBER 1990 at the Crystal Ballroom. 2nd floor DINNER AND SHOW $65.00 NETT PER PERSON CONCERT $30.00 NETT PER PERSON (LIMITED SEATS ONLY) Pre-dirmer cocktails 7.30 pmo
      447 words
    • 303 16 Every nite's Valentines Mtc Love is in the air at Club As you dance cheek-to-cheek to all the oklfashioned love songs. Watch swimwear fashion show every Monday to 1 1 Wednesday from 9 pm. Six I yHI ft "Classics" live band ft/I' ll Awljii m performs every Sunday Hh \W|
      303 words
    • 169 16 ,I__ 1 1 DAinr AT I f Amidst Imperial splendour, our chefs t stage their hlghly-acclalmed performance KU; Mr f I endar > Bering cuisine to the satis/Jff I A faction of demanding dlnersTo guarantee your place amongst the discerning, make 333 Orchard Road. Singapore 0923. Tol *****11 J Chfkf:
      169 words
  • Page 16 Miscellaneous
    • 666 16 TELEVISION AND RADIO wmmmmmtmmmmmmtmrnmnn nmninimmr i*fca^TJWMk«o*m awiBiii.jMi*a(ijimjmM»iMWWWßW»'M»M»WMMMio»«uwMWMwuwi»iwiwuw»MWUMwwH^ m I t 1 ~SBCI2 fnend and she turns him 540 BUSINESS ON RADIO Taylor-made dance S s& sssl agara^" ,1,11 C4S xr <Rd,g,OU! pro ittzrztl«£?. >. n f l L tI Homecoming Concert (Ste- 7.00 CaMe News Netwwfc WWU», WB WMF Jl
      666 words

  • LIFESTYLE
    • 1105 17  -  Stacy Keach shrugs off the detective's cloak to explore the passion and obsessions of Shakespeare's deformed, power-greedy king. Megan Rosenfeld reports. Megan Rosenfeld IHT IT IS CURIOUS but true that most actors love to play characters who arc wicked or deformed. Assembling a wardrobe
      IHT  -  1,105 words
    • 862 17  -  Teaspoons often disappear and spare parts take months to arrive. Nicholas D Kristof reports on some of the struggles in running an international hotel on the roof of the world. Nicholas D Kristof NYT YAKS may roam the streets outside, and pilgrims may
      NYT  -  862 words
    • 600 17 CHATTERBOX PRINCE CHARLES, who spent last week visiting Barooess Loose de Waldner in France, is said to be healing. "He is getting enormous benefit from this holiday," said a Buckingham Palace spokesman. The week away has done him a power of good." The Prince
      600 words
  • Page 17 Advertisements
    • 248 17 AND ENTERTAIN Yamagata Beef. The Exquisite Taste Of Japan. M LUNCH li NOON TO 115 PH DCNNHLfcJCPMTO 10.15PM. SPECIAL TEPPANYAU SFT LUNCH fS&OO mmtsoK Now you can enjoy one of the world's finest beef at the Yamagata Beef Promotion in Unkai Japanese Restaurant. Only from September 11 to 28. A®.
      248 words
    • 115 17 Tii/%||/ a Restaurant and 1 KV/lIV/\ Karaoke Lounges FINEST RUSSIAN AND CONTINENTAL CUISINE Authentic Russian Cuisine Amidst A View Of The Singapore Harbour Executive Set Lunch/ Set Dinner A la carte Restaurant Hours t"** 0 Karaoke Hours Mondays to Saturdays Daily 1130 am to 230pm' 7.00pm to 100 am Dinner
      115 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4360 18  -  By Quak Hiang Whai THE Straits Times Industrials Index yesterday broke through the psychological 1,100-barrier before some late bargain hunting helped the market to recover from its day's low. The market barometer of 30 Singapore blue chips lost 8.95 points yesterday to close at
      4,360 words

  • 4199 19 Main Board NatSteel 585 +15 +2.6% Inno Pacific 110 +10 +10.0% C Properties 615 +5 +0.8% Centrepoint 50* 205 5 2.5% Sport Bus 500 454 +4 +0.9% Spore BusF 500 450 +4 +0.9% Parkway H 50* 133 +4 3.1% Tat Lee Finance 181 +3 +1.7%
    4,199 words

  • BT SHARE INFORMATION SERVICE
    • 81 20 -titimhj Data Yaar Oraap Mat Nat aaralag* Grata im ta praflt/laas (L) par skara <lMw< ('000) (caats) S RasM Husam Sep 24 May 90 M$18,329($6.681) 218(111) 5(4) teetan Sap 21 Mar 90 $21.342*(JI 1,728) 48.5(39.1) 14(10) J Cement Sep 10 Mar 90 $1,771 ($1.0191) 5.0(-) 2.5(0.5) PwMsia Sep
      81 words
    • 150 20 Cit—y Data Yaar 6raa# pra-tax Nat aaralags Grass mm to prallt/lass (L) par ilara dhMari ('MM) (cants) AmtH Enj Sep 25 Jun 90 J8.884(J8,488) 8.3(7.9) 12TE(6TEa) M Glass Sep 24 Jul 90 M88,180(89,078) 29.9(36.3) 16TE(16TE) Rofanon Sep 21 Jun 90 $14,714(19.368) 21.7(15.5) 12(10) Boastaad Sep 20 Jon 90
      150 words
    • 564 20 ffMT Date Half-year fimp pre-tax litortai MM to pr*flt/loM (L) c«oo> Hong Fok Sep 25 iun 90 $13,967 ($7,139) Lm Km Tab Sep 25 Jun 90 $392($364) UE Sep 25 ton 90 $3,136($2,822) Bovsteadco Sep 24 ton 90 $4,060 ($3,071) 3(2.7a) Ea Ym Sang Sep 24 ton 90
      564 words
    • 1062 20 Cvrrwt Ex Ma DM TiWhr TiWhr papirt Ma .dm payfete Myaar M)nr MOB 2.5% Sep 14 Sep 28 Oct 27 25* 2% MM 10% Sap 21 Oct 5 No* 1 10% 7.5*<a) Mm 7.5%TE(1) Oct 12 Oct 25 No* 15 5%TE 25*TE BAT 45.5*(l) Sep 18 Sep 28
      1,062 words
    • 443 20 Sep 25 tan*Facific Hokfinf* Ltd is to acquire Hagley and Hoyle Pentagram Design Pte Ltd for Ssll.7m to be satisfied by the issue of 8.67 m Inno-Pacific shares priced at 5J1.35 each. Straib Steamship Land is selling its substantial engineering interests in two companies Watt ft Akkermans and
      443 words
    • 561 20 Singapore Stocks Last Fiii Y«ar C— >■> Mad CM* Year WW Cm M Mat year (WOO) tea* feat Menm Mar 30 Ok 89 S3SL(h) Mr* Ml Menm Aug 11 Mar 91 4.0 2.1 1471(i) CaMe EH Mann 31 Dec 90 0 5 666 MCA fa Final Sep 9
      561 words
    • 442 20 Cwp—y Rights Issue MhM Oeyfen One-tor-one M$080 per share Rights ssue ot $100 nomuul amount of 5* Redeemable Unsecured Loan Stock 1990/1996 vnth or* Transferable Sdbacnpbon nghts lor way two eusbng share held. Ei-date: Au| 23 Boots Sep 6 Vceptanca Payawnt Oct 19 Uvea Ml Five-tor-tour SI 00
      442 words
    • 660 20 BONDS, LOANS WARRANTS Cmpaqr Ciwiailia p«M Ommntm Ira hr mm niwr Am C*C HI 8«>»i 26/4/33 1 warrant gj» $109 cab. C mmmtf Lean M 2/10/0 Is 20/10/94 1 warrant pla |1 cab or 1 warrant pte |1 mi—I amount of tow *m1 o— n» fc*w (311% 1 March 87
      660 words
    • 141 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 Mt 1435 43 (16/7/90) 1*0H* 1607.12 (27/3/80) 1990 tor 1019 24 (26/9/90) 1*01nt 1104.24 (26/9/90) 1322.00 (28/12/89) 1919 Nfk 1487.76 (26/12/89) 1919 tor 917.42 (4/1/89) 1*J 1030.69 (4/1/89) 1988 Mt 1043.86 (8/8/88) 1*8 h* 1177.87 (8/8/88) 1988 tor 737.83 (4/1/88)
      141 words
    • 483 20 Company Rights tow Mean One-tor two 0 MSI 00 per share Issue o» 40m Cumulative Redeemable Preference Shares of MJO10 each at Mil per share with 10m detachable TSR BMMn One-tor tour ft Mj2 00 per share CauMway In Capital reduction scheme to refece par value of shares
      483 words
  • Page 20 Advertisements
    • 440 20 GB HOLDINGS LIMITED ANNOUNCEMENT The Board of Directors of GB Holdings Limited ("the Company") are pleased to announce that at the Extraordinary General Meeting held on 26 September 1990, the following resolutions were duly passed as ordinary resolutions by shareholders of the Company 1. THAT pursuant to Article 51 of
      440 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3757 21 MBT AN ENCOURAGING start turned sour for want of fol-low-through support and share prices fell back to close easier for the sixth consecutive session at the Kuala Lumpur stock market yesterday. It initially appeared that the five-day slide would be checked when share
      MBT  -  3,757 words
  • Page 21 Advertisements
    • 69 21 This announcement appears as a matter of record only A ASIAN OCEANIC HOLDINGS LIMITED U5530,000,000 TRANSFERABLE LOAN FACILITY Lead Manager CIBC Asia Limited Co-Managers American Express Bank Ltd The Bank of Tokyo, Ltd. Hong Kong Office Credit Agncole, Singapore Branch Commerzbank Aktiengesellschaft, Hong Kong Branch Agent CIBC Asia Limited September
      69 words
    • 198 21 IN THE MATTER OF CHEE REALTY PTE LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. (Chapter 50) that the Final Meeting of the Members of the abovenamed Company will be held at 101-A Upper Cross Street. #11-22
      198 words
    • 404 21 IN THE MATTER OF THE COMPANIES ACT, CAP 50 AND IN THE MATTER OF HAW PAR BROTHERS (PTE) LTD (In Members' Voluntary Liquidation) NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 306 of the Companies Act. Cap 50. that a Final Meeting ot the Members ot the
      404 words

  • TOKYO STOCK EXCHANGE
    • 2236 22 Reuter TOKYO stocks posted a new 1990 closing low after the Nikkei average broke through 23,0 CX) in afternoon trade. Heavy selling in thin volume by institutions and foreign houses had the indices exploring fresh negative territory that has been uncharted since 4 Jan. The
      Reuter  -  2,236 words
  • STOCK EXCHANGE OF HONGKONG
    • 2339 22 HONGKONG stocks ended the day weaker but recovered from earlier sharp losses when local day-traders stepped in, brokers said. The blue-chip Hang Seng Index touched a low of 2,732 in afternoon trade, down 75.50 points, but recovered to finish just 28.76 points down
      2,339 words

  • REGIONAL STOCK MARKETS
    • Aussie stocks continue downtrend
      • 88 23 Close Previous Sep 26 SYDNEY All Ordinaries Index 1,386.0 1,393.6 -7.6 All Industrials Indc* 2,029.9 2.044.5 -14.6 All Resources Index 8800 882.5 -2.5 Turnover (million) 76.43 70.0 +6.43 BANGKOK SET Index 625.06. 613.95 +11.11 Turnover (nearest '000) NA 25.75 JAKARTA Composite Index 464.25 477.38 -13.13 Turnover (nearest 000) 1.67 1.83
        88 words
      • 301 23 la local curreacy la SS la US$ day year day year day year Sep 25 ladex chaage chaage chafe rh«agr dwy chaage World 340.8 -1.3 -26.7 -1.6 -28.7 -1.6 -23.3 *EAFE 454.3 -14 -33.3 -2.5 -33.2 -2.5 -28.2 Europe 352.9 -1.6 -21.7 -I.I -18.0 -1.1 -11.8 Pacific 756.0 -19 -40.3
        301 words
      • 924 23 A FREE FALL on the Tokyo share market pushed the Australian market lower, sacrificing early gains and causing fear among brokers oT another downward spiral beyond its 28-month low. The All Ordinaries Index closed 7.6 points down qt 1.386.0. </W4 Tne Nikkei plunged 1,108.70 points to a new year
        924 words
      • 367 23 ?AIWAN stocks ended shaiply lower as okyo's losses and oil price concerns dispelled early confidence which saw the index opening higher, dealers said. The weighted index fell 105.05 points, or 3.89 per cent, to finish at 2,596.79 compared with Tuesday's 2,701.84 close. Turnover was NTS 13.9 billion against NTS
        367 words
      • 718 23 THAI stocks closed higher on a technical rebound in thin trade as bargain hunters moved in on bank and cement issues, brokers said. The SET Index rose 11.11 points to 625.06. Siam Cement finished 320 baht higher at 4,806, Siam City Cement rose one to 103 and Padaeng Industry
        718 words
      • 462 23 THE Manila composite index fell to its lowest level since 1987 as investors stayed on the sidelines waiting for positive political developments inside and outside the Philippines, brokers said. Manila's index fell 15.36 points to close at 551.75 points, breaching by 0.76 points the lowest previous level of 552.51
        462 words
      • 803 23 SEOUL stocks were slightly higher as suppport from institutional investors and the official Stock Stabilisation Fund helped offset selling by individual investors, brokers said. The composite index closed at 594.04, up 0.27 point from the previous session. Turnover was a thin 97.2 billion won against 98.3 billion on Tuesday's
        803 words
      • 349 23 THE New Zealand share market closed slightly lower yesterday as local buy orders remained few and far between and brokers see little prospect of the market improving significantly while major international bourses are nervous. "We saw a technical bounce overnight in the Dow Jones," said Peter Halligan of
        349 words
      • 575 23 Reuter SHARES on the Jakarta stock slumped again on Wednesday, sending the composite index down another 13.13 points to 464.25. Financial shares were among the biggest losers. Troubled Bank Duta dropped 400 rupiah to close at 5,300 rupiah on the big board, which trades blocks of more than 10,000
        Reuter  -  575 words

  • WORLD STOCK MARKETS
    • Wall Street snaps back on receding fears
      • Article, Illustration
        1098 24 RECEDING Mideast fears and a retreat in oil prices helped US share prices on Tuesday snap back a day after posting 14-month lows. Investors scouring for bargains among the many depressed blue chips provided the market with a lift. Entertainment stocks, led by MCA lnc, were a feature.
        1,098 words
      • Article, Illustration
        813 24 UK SHARES opened slightly stronger yesterday after the Dow Jones Industrial index closed with a gain of nearly 33 points. A 4.75 per cent lower close on the Nikkei 225 in Tokyo did not hit sentiment here, dealers said. The counter-inflationary potential of an overnight dip in oil prices
        813 words
      • 410 24 SHARES in property investment fund Rodamco NV, part of the Robeco investment group, plunged 18.30 guilders to 55.00 on the Amsterdam Bourse after a two-day suspension. The shares dropped in heavy selling yesterday after Rodamco said on Monday it would no longer buy back all its own shares offered
        410 words
      • 200 24 GERMAN shares, led by banks, chemicals, and other blue chips, bounced off 1990 lows seen early in the session to end a moderate bourse session firmer. The 30 blue chip DAX index ended' up 28.59 points, or 2.1 per cent, at 1,381.99 after having plunged to a 1990 low
        200 words
      • 219 24 ITALIAN share prices shrugged off news of a proposed capital gains tax from 1991 and losses on other European bourses to rebound from opening lows to trade steady on yesterday's levels at mid-morning. At 0930 GMT, the MIB index was unchanged with the underlying trend pointing to a gain
        219 words
      • 318 24 SWISS shares recovered a large part of their early losses yesterday as a rebound on the Frankfurt and Paris bourses lifted sentiment, dealers said. The SPI all-share index traded 2.3 points lower at midsession at 906.4 after reaching a low at 892.9 points yesterday morning. The SMI index of
        318 words
      • 96 24 PRICES on the Stockholm bourse retreated from an early morning uptick to fall another two per cent in reaction to Tokyo's slump overnight and increased worries over the Swedish economy, dealers said. Swedish credit yields have risen 70-80 basis points in the wake of the Gulf crisis, causing severe
        96 words
      • 189 24 TORONTO stocks dropped sharply on Tuesday, continuing Monday's heavy selloff in New York and closing at the lowest level in 22 months, dealers said. "Our market didn't taken that much of a hit earlier," analyst Ivar Liepins of Moss Lawson and Co said. The composite lost 21.25 to 3,205.85
        189 words
      • 151 24 FRENCH share prices were posting gains at midday after opening lower, taking the CAC-40 index of leading shares back dose to the psychological 1,500 level it breached on Monday and yesterday, dealers said. The CAC-40 index stood at 1,495.84 at 1025 GMT, 10.45 points or 0.70 per cent above
        151 words
      • 370 24 THE Johannesburg stock market was hardly changed at noon on yesterday in thin trading in the absence of any fresh factors. Gold shares hovered narrowly around Tuesday's sharply higher levels in cautious trading as world bullion prices drifted back down towards 400 dlrs an ounce after Tuesday's surge, dealers
        370 words
      • 124 24 Brussels Sep 25 Francs FORWARD MAJtKFT Acec 2840 -60 Artoed 3095 +35 Astur 1108 -2 Brascan 446 -4 Canpac 502 -10 Cock 148 -2 De Beers 590 +6 Ebes 3825 unch Gb-InnoBm 1216 +6 Gevaert 7150 -100 Gr Bru Lamb 3270 -55 Hobok Petro ***** +100 Ryl Dutch 2565 -15
        124 words
      • 85 24 Sep 26 Cloac Prcviom NEW YORK Dow Jones 2,485.64 2,452.97 +32.67 NYSE Financial 112.57 111.60 +0.97 SAP 500 308.26 304.59 3.67 Turnover (million) 155.94 162.2 -6.26 LONDON Financial Times 30 1526.60 1510.40 +16.20 FTSE 100 1999.20 1,990.3 8.90 Turnover (million) 412.4 500.3 -8.79 AMSTERDAM CBS General 170.70 172.6 -1.90 Stock
        85 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1264 25 FOREX MARKET REPORTS THE US dollar yesterday ended firmer against the yen but easier against most other major currencies after a choppy trade, with dealers nervous over declines in local stock prices and the Mideast Gulf. Active yen selling in cross
      1,264 words
    • 384 25 Cross rates sep26 USS SS MS Dm Yen SFr AS NZS USS 1.7655 2.7005 1.5725 136.80 0.5356 1.3075 1.1983 1.6077 S$ 0.5664 1.5296 0.8907 0.7749 0.3034 0.7406 0.6787 0.9106 MS 0.3703 65.38 0.5823 0.5066 0.1983 0.4842 0.4437 0.5953 Dm 0.6359 1.1227 1.7173 87.00 0.3406 0.8315 0.7620 1.0224
      384 words
    • 562 25 Interbank rates S$ Bid Offer Overnight 7 7 1/8 1-month 6 3/8 6 1/2 2-month 6 7/16 6 9/16 3-month 6 1/2 6 5/8 mode: 6 USS Bid Offer 7 days 8 13/16 8 7/8 1 month 8 7/16 8 9/16 2 months 8 3/8 8 1/2 3
      562 words
    • 1576 25 SjjjEX EUROOOILAR j Open High Low Sett Est Vol Op/lnt Vol Dec 90 91.78 9llo 9L75 9L77 ***** ***** ***** j Mar 91 91.79 91 80 91.75 91.78 3850 8034 3337 Jun 91 91.66 91.67 91.63 91.67 1010 1993 866 i Sep 91 91.44 91.46 91.43 91.46 105
      1,576 words
  • Page 25 Advertisements

  • COMMODITIES
    • 395 26 Bernama MALAYSIA, which is "very concerned" over United States tin sales from its defence logistics agency, will raise the matter at the Association of Tin Producing Countries ministerial meeting to be held in Bolivia next week. The meeting will also
      Bernama  -  395 words
    • 314 26 Bernama A NEW latex extraction method, which promises to increase yields by as much as three times compared with the traditional method, has been developed by the Malaysian Agricultural Research and Advisory Bureau, a privately run research company. The company's
      Bernama  -  314 words
    • 855 26 REPORTS A LATE WAVE of selling in Hongkong dragged gold down to close at its day's low as overseas investors taking profits triggered local followthrough selling dealers said. Bullion ended at U*****.60/ySS4OUO an ounce against U*****.00/50 in New York on Tuesday.
      855 words
    • 1318 26 Rubber se P 26 ■M (fc> S cents/kg Noon Close Int I RSS Prompt I56.2V157.25N 156.50/157.50N Int I RSS Oct 90 156.75/157.25 157.0<yi57.50N Int 1 RSS Nov 157.50/158.00 I57.7VI58.25N Int 2 RSS OP I5I.50/I53.50N 151.50/153 SON Int 3 RSS OP 147.00/149.00N I47.00/149.00N Int 4 RSS OP 143.00/145 00N 143
      1,318 words
  • Page 26 Advertisements
    • 639 26 NOTICES INTHg MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF ORYALLE INVESTMENT PTE LTD (In Members' Voluntary liquidation) At an Extraordinary Ganeral Meeong of the Company duly convanad and held at 51 Lorong SS22/27A Damansara Jaya ***** Petalmg Jaya Selangor Malaysia on the 22nd day of
      639 words
    • 780 26 IN THE MATTER OF THE COMPANIES ACT. CAP 50 AND IN THE MATTER OF PK3OLINA INVESTMENT PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at 51 Lorong SS22/27A Damansara Jaya ***** Petaiing Jaya Seiangor Malaysia on the 22nd day of
      780 words
    • 15 26 Read Chartpoint, a guide Co investing in the stock market. Every Saturday in Business Times.
      15 words

  • 815 27 CHy FlgM ETA FVgM ETD CHy FlgM ETk F1«M ET» ~T~ 1C MH644 1900 MH610 1715 AbnOhaM GA887 225 KL840 2115 QF32 1915 MH643 1730 GA975 1300 GA894 2350 SQ114 1745 MaM, nf8l 1950 QF82 2200 MH617 2050 MH614 1850 SO228 2015 MH619 2135 SQ118 1945
    815 words
  • THE TRAVEL PAGE
    • 750 27  -  LETTER FROM TOBAGO By Tim Burt BOND swam softly forward ...A dozen varieties of butterfly and other reef fish flirted among the rocks, and a small langouste quested towards Bond with its feelers. The head of a large green moray protruded from a hole, its
      750 words
    • 153 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.461 1.481 Canadian dollar 1.513 1.S3S NZ dollar 1.08 I.I 10 Sterling pound 3.28 3.31 US dollar 1.7620 1.7720 Local dollars Id 100 nits of foreip currency Austrian schilling 15.80
      153 words
    • 247 27 Duration Title Venue Organiser Td Sep 24-30 International Bulgaria Foire 1/*****146 Technical Fair Internationale De Plovdiv Sep 25-30 International Spain Feria Muest- 6/*****00 Furniture Fair rario Interna cional Oct 1-12 Singapore Business Vancouver, Singapore *****87 Development Montreal, Manufacturers' Mission To Canada Calgary Association Toronto Oct 2-7 International
      247 words
  • Page 27 Advertisements
    • 57 27 %v Ihe huMnc" pcrvon > ihouc ocr\ luodav. P. I /V I hurvil.n. Satunlav .mil Suihl.iv 1 tav hanp M I I I R r ——wß W \irpi>rt it hours mil .»rri\i it O Hare JL JL S International \irport the tollo*inj;da». Al»i; I \'i II (>l I- i: l-
      57 words
    • 41 27 A^'^'boo^ DRAGONS' TALE lr. r I "A lively yarn. Dragons' Tale evokes the realities of business intrigue in Asia." Louis Kraar. Fortune "Truly enthralling.... the characters are all too true to life." Clare Hollingworth. Sunday Telegraph $27 ISVI2/90 Times The Bookshop
      41 words
    • 219 27 u EXHIBITIOn 4 to[REllCE'9olf The first regional Building Services Exhibition and Conference. Technologically exciting! On show wi be the industry's latest technological developments View the state-of-the-art M&E systems airconditioning and ventilation, fire protection, electrical distribution systems, maintenance materials and systems, vertical transportation, building automation systems and more, that make today's
      219 words
  • Page 27 Miscellaneous
    • 205 27 1 Chirpy, murderous tox- LJ 5 Reserve husband (4) j 9 Dire calamity may break i j no officers emerge 12 Lodge for a driver, for ex- fg—^ Risky to upset fellow in MM 16 Suppress the rest of Ham- j j j j listening-device outside 21 a privateer (7)
      205 words
    • 213 27 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report: Max temp 31.6 assoc humidity 70% min temp. 24.3* c assoc humidity 87% hrs of sunshine 3.45 rainfall in mm 3.9 rainfall this mth 167.5 rainy days this mth 14 World report Asia-Pacific fli/Lo* Cond. Auckland
      213 words
    • 16 27 LlkiEyfljWTlCTWyi I jomos i vou to T ,L sfs^'yss^ss ON i&e e EVENMQ STANDARD CO. IM2-KM
      16 words

  • 365 28 5,000 protest against imports AP MORE than 5,000 farmers from around the country gathered yesterday to demand that Japan not give in to foreign demands that it open its rice market. The farmers, many of them elderly, sat in the rain in a
    AP  -  365 words
  • 298 28 Reuter PRESIDENT George Bush and the US Congress are exploring ways to get around a law that requires automatic spending cuts on Monday if no agreement can be made on reducing the budget deficit. The arduous path to a budget agreement took a
    Reuter  -  298 words
  • 700 28  -  The Bottom Line MICHEL CAMDESSUS MICHEL CAMDESSUS The writer is managing director of the International Monetary Fund. This is an extract from his address on Tuesday at the opening session of the IMF and World Bank annual meetings in Washington. THE political crisis
    700 words
  • 380 28 AP JAPAN's government plans to propose legislation today that will allow the country to dispatch military personnel overseas for the first time since World War 11, officials said. The proposed legislation, to be announced by Prime Minister Toshiki Kaifu, will call for the
    AP  -  380 words
  • 244 28 Reuter OUSTED Pakistani prime minister Benazir Bhutto's political activists were jubilant yesterday after the high court overturned last month's dissolution of one of Pakistan's four provincial assemblies. "We have won the legal war and the judgment is in our favour," the former chief minister
    Reuter  -  244 words
  • 250 28 AP CAMBODIAN Prime Minister Hun Sen yesterday rejected a compromise peace proposal from the guerilla coalition battling his government and said, "we should continue the fight," state radio reported. Mr Hun Sen rejected a proposal that guerilla leader Prince Norodom Sihanouk join
    AP  -  250 words
  • Page 28 Advertisements
    • 135 28 PlvgeT JQiILLIER EN HORLOGERIE DEPIUSIBM gen Eve fl| v -.»V, r&6*'.~ ■> 'vI i££M *>#• -V ,•< Wmm<Wwitm tr Jrr Jfc y*£ n- mil. MlssiS& c M 1 V' V- 5 £*ijf 'V'^-' ;> JfenfrT 4-T-iSt'. \%s'\ I* fif -'"*W#l i 5 J& Ukf)/ I'St f i llr IKE -it
      135 words
    • 6 28 PiageT JfWILUER EN HORLOGERIE DEPUISIB74 genUve
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  • Shipping Times
    • 425 29  -  By K Vara LOOKING at boom-times for shiprepair in the next few years, state-owned Malaysian Shipyard and Engineering (MSE) has revealed that it is working on a block contract worth nearly US$3O million to repair four tankers for oil major Mobil. The contract, from
      425 words
    • 353 29 Bernama MALAYSIA'S Rubber Industry Smallholders Development Authority (Risda) will discuss further the proposal by the Far Eastern Freight Conference (FEFC) to increase shipping charges for rubber by 30 per cent. Risda director-general Datuk Hassan Ibrahim said on Tuesday the authority would also
      Bernama  -  353 words
    • 303 29 AFP AUSTRALIAN Airlines chairman Ted Harris said that two major foreign investors should each be allowed a 20 per cent stake in his soon-to-be-privatised airline. The buyers would ideally be international airlines, one serving the Pacific and Asia region, and the other
      AFP  -  303 words
    • 323 29 AFP AUSTRALIA'S domestic airlines, still recovering from a year-long pilots' strike, were hit yesterday by a strike of aircraft refuellers, which has grounded half the scheduled flights and stranded thousands of passengers. The strike, which airlines say centres on a dispute over one
      AFP  -  323 words
    • 305 29  -  By A J Leow EUROPEAN air cargo specialist, Cargolux, has chartered a Russian-made transport aircraft as a shortterm replacement for a *****00 aircraft which has been diverted to its US service. The Russian aircraft, chartered from Air Foyle in the United Kingdom, is operating on a
      305 words
    • 366 29 ITS BOOM-TIME for operators of private container terminals in Thailand. Except for two companies, the operators tripled their businesses in the first half of this year. Total 20-foot and 40-foot containers handled stood at 2,813 in January, reaching a high of 6,312 in June.
      366 words
    • 234 29 Lloyd's List FOUR PIRATES armed with pistols and large metal flails stole a 2,000-tonne cargo of steel from a Cypriot-flag cargoship on its way from the Mediterranean to the Far East. The 2,786-deadweight-tonne Maria was 24 hours out from Bangkok bound
      Lloyd's List  -  234 words
    • HEWS SUMMARY
      • 67 29 NIPPON Yusen Kaisha Line has agreed to purchase S per cent of the outstanding common stocks of Rio Grande Industries Inc (RGI), parent of the Southern Pacific Transportation Co. NYK's senior managing director for liner operations, Hiroshi Takahashi, said the two firms
        67 words
      • 39 29 A DRAMATIC increase in the number of Asia-Pacific undersea optical fibre cables over the coming years will mark the region's increasing participation in a world economy based on information processing and communications. Page 2
        39 words
      • 30 29 RELIEF AGENCIES and governments are pressing Royal Jordanian airline to waive loss-of-business compensation charges imposed on some foreign airlines evacuating Asian refiigees. Back Page
        30 words
      • 28 29 THE US trade representative, who is complaining about European subsidies to Airbus Industrie, found the loan to Northwest Airlines "particularly disturbing." Back Page
        28 words
    • LOG BOOK
      • 108 30 THE UK and South Korea will sign a shipping treaty in Seoul in the near future, a UK Department of Transport press release said. This follows agreement in London last week between the department and the Korea Maritime and Transport Administration. Details of
        108 words
      • 87 30 YAMATO Transport Co Ltd and United Parcel Service of America Inc (UPS), in Greenwich, Connecticut, have agreed to set up a 50-50 joint venture in Tokyo next month to handle international air cargo and parcel delivery service, the Japanese door-to-door parcel delivery service company
        87 words
      • 69 30 CONDOR Flugdienst GmbH, the charter airline wholly owned by Deutsche Lufthansa AG, is ordering 17 new Boeing jets worth over two billion marks and expects delivery by mid-1995. Condor said Lufthansa's supervisory board has approved the investment programme for nine Boeing 757-200 jets and eight
        69 words
      • 83 30 A WEEK-LONG dock strike at Rumania's biggest port Constantza, which ended on Monday, caused industry losses of more than US$5.5 million a day, the official Rompres news agency said. The strike by dockers and seamen over the slow pace of economic reforms paralysed the Black Sea
        83 words
      • 58 30 WEST GERMANY'S state-owned telecommunications authority Deutsche Bundespost Telekom will expand proposed ties with the Soviet Union. Cooperation efforts are planned for trans-European fibre optics transmission and on the satellite communication system Intersputnik. Other cooperation plans comprise the construction of a datapackage switch network for the
        58 words
      • 77 30 IDB Aero-Nautical Communications Inc said on Tuesday that it has signed reciprocal transit agreements with Overseas Tele-Communications Ltd of Australia and Morsviazsputnik of the Soviet Union to carry out IDB-A maritime services as of Dec I. IDB-A, a supplier of mobile communications services via satellite
        77 words
    • 1047 30 A dramatic rise in the number of Asia-Pacific undersea optical fibre cables in tne coming years will mark the region's increasing participation in a world economy based on information processing and communications Communications Week International BY THE mid--*****, at least 15 fibre-cable systems in the
      Communications Week International  -  1,047 words
    • 867 30 Rl. Augusta/Genoa; IFO still tight until earliest next week. R2. Piraeus: Strikes still affecting supplies. Fuel and distillates up sharply on greater tension in the Gulf. Some signs of slackening in Antwerp-Rotterdam-Amsterdam by dose ofbusiness. Falmouth indicated at 152/1 and GT Belt (Skaw +2) at 150/155/315/345
      867 words
    • 941 31 Page Col I I ABC Containerline 13 5 Accord Group 8 1-3 Albatros Sea-Air 14 S APL 5 3-5 APC Line 14 4 Arrow Lines 9 S ASCL 5 1 ANL 3 1/2 Avant Shpg Lines 6 2/3 I I Bait Canada Line 7 4/5 Bait Orient
      941 words
    • 12949 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,949 words
    • 3277 43 A Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SVAccord Contr Une (PK/PN). Adkrb Bwliiii Corporation Philippine: Cabource Shpg A Trdg Pte Ltd (S) Ahreakiel Liner Service: Kim Shpg A Trdg(S) Albatros Sea-Air Service; Frata Shpg Pte Ltd (S). Alfred C
      3,277 words
    • 253 43 Abacas Loaders Tel: 545-8011. Fix: *****98. Air Expras Tra*d Td 533-5771. Fax: *****44. A 1 f i-L* fju ,Ai AIMM r reign t i orporanoit Td: 542-8844. Fix: *****16, *****80. Akswift Worldwide Coaricr Tel: 2784)188. Fix: *****83. AJS Sappiies Tel: 748-6322 (2 lines), 747-7421. Fix: *****75. Cky-Uak International
      253 words
    • 1442 43 Abcx Express Freight Td 542-7171. Fix: *****84. Actiak Forwarder Td 225-1833. Fix: *****42. Aetlvak Siaaapore Td: 542-7822 Fax: *****20. Acraliak Freight lateraatioaal Td: 545-8033. Fax: *****05. Td 542-5911. Fax: *****18. Ak Cargo Novo Express Tel: 542-5454. Fax: *****06. Ak Express lateraatioaal Td 542-7666. Fax: *****74, *****50. Ak Market
      1,442 words
    • 2853 44 AMENTHU Bhm aJnk Two vesseb collided at km 7 in the access channd on Sep 15. The incoming vesad ran aground on the north side and the channel is further obstructed bycontainers which fell overboard- The channel is temporarily novesseb are allowed to enter/sail until all loat containers
      2,853 words
    • 501 44 ARRIVALS DEPARTURES Of Flight Typ» ETA Fnm 0» night Tyfe__ETD__T» TODAY TOOAY KAL KE697 B747F 0155 SEL KAL KE697 B747F 0440 BKK NCA KZ203 B747F 1935 NRT SIA SQ/BA822 B747F 0700 DXB/LHR FDX FM75 B747F 2130 JFK/1ND/ANC/ NCA KZ204 B747F 2335 BKJC/NRT NRT/TPE KAL KE685 A30F 2340
      501 words
    • 704 44 SHIP SALES TANKER RATES Reuter. AFP FOUR vessels were reported sold to Londonbased interests, on subjects, for around US$29 million en-bloc. They are the dry only combination carriers: New Phaae (155,450 dwt, built 1972) and Oscar IL (103,480 dwt, 1971) and the bulk carriers Lady Bird (131,260 dwt, 1974) and
      Reuter.; AFP  -  704 words
    • 290 44 CRUISE FERRY SCHEDULES cmn$f snips Ait D«» N«m «f Vwwi ETA ETD Port A|K PtrfOii OCTOKR 02 02 Song of Flower 0800 2200 Neptune Agencies Sin-Seribu-Semarang-Bali-Semarang-Seribo-Sin 03 03 Royal Viking Sea 1100 2339 Barwil Agencies Sin-Bangkok-Sin 09 09 Royal Vikim Sea 0800 1800 Barwil Agencies Sm-Kdana-BUir-Madro-Cokxnbo-Bocnbay 14 15 Song of
      290 words
    • SHIPS IN PORT
      • 998 45 DRY CARGO freight rales remained on a downward track, despite firm oil prices, with the lack of enquiry for vessels keeping the market on the defensive. "There is just not enough business around for owners to pass the oil costs on at the moment," one broker commented. Grain
        998 words
      • 537 45 i Mi k*d torn Cosmos 8 *29 itonpde 27.01/1500 Caty 9QA IC30 alongsrte 27 09/1600 Ctatatmv 1/90 K29 atonjsA 28.09/2300 Continent 1 8/90 K33 atongsrte 26.09/1500 Hymtfa 14 1/90 K32 2109/2300 Rota Ekspres £-867 K31 alongsde 30.09/0600 Mvdaontss 78 K34 impde 2709/1500 Bntt Am 9035 K34 27.09/1700
        537 words
      • 1076 45 RECEIVING OF EXPORT Ftt CONTAINERS AND LCL CARGO Rocord Bootow/Batmce Mb 9* fey No Etb/Btr Poriod From To From to Lode 4A 29/1500 I 26/1500 26/1659 26/1900 M Goncharw 32SI90 28/0430 1 26/1500 26/1659 26/1900 2 26/1700 27/0659 27/0900 M 74A 29/0700 3 27/0700 27/1159 27/1400 4 27/1200
        1,076 words
      • 385 45 Pitt Wit Seuth Pert en Sep 25: Petro Bulk Panther berth 1; Young Chemicary berth 2; Sanko Laurel berth 3; Chueng Hing berth 4; Petego Iso berth 7; Sutra berth 7A; Petro Mewah j. SheL KCT: Sea Glory berth 8; Bunga Teratai berth 9, Gulf Bridge berth
        385 words
    • 370 46 Reuter RELIEF AGENCIES and governments are pressing Royal Jordanian airline to waive loss-of-business compensation charges imposed on some foreign airlines evacuating Asian refugees from Amman. Royal Jordanian, its business badly hit by the Gulf crisis, has been charging foreign airlines ferrying home
      Reuter  -  370 words
    • 332 46 AP THE US trade representative, who is complaining about European subsidies to Airbus Industrie, found the jet maker's loan to Northwest Airlines "particularly disturbing," a spokeswoman said on Tuesday. In a Sep 14 letter to the European Community, Carla Hills said she would "appreciate clarification
      AP  -  332 words
    • 206 46 Reuter PORT workers at Santos, Brazil's largest port, voted to begin an indefinite strike on Oct 9, said a union director. Union director Carlos Franca da Hora said port workers on Tuesday night rejected a labour proposal made by the company that
      Reuter  -  206 words
    • 308 46 Reuter PRESIDENT Carlos Menem set a 72-hour deadline for a consortium headed by Spain's Iberia airline to come up with a US$l3O million down payment for the Argentine flag carrier Aerolineas Argentinas. "If not the government will cancel the operation," said Minister of
      Reuter  -  308 words
  • Page 29 Advertisements
    • 49 29 Bfi I SWEEHENG METAL CO PTE LTD I No. 13, Tuas Avenue 14. STORE 2263 I FAX: 861-2946 ■TEL: 861-5065 (5 j Soto Agar* TLX: RS ***** SHMCfIM IMI Commercial Cleaning 1 Eouipment Industrial Maintenance Equipment Ako rental ft repatf I MAPPING OUT YOUR CAREER! o Read EXECUTIVE APPOINTMENTS
      49 words
    • 50 29 A* Forwarders 15 to Fra#t SdwMi 16 Contawer Sdwdute 17 Cockrft report t Couner Sarwces 15 Ctmk i Ferry schedules IS My Fratffe 17 hula to Adwrtaan 3 Port Condrtnns 16 9*ai«p* 15 Sfcppmt Gtada 10,11 Stapsate/Tankar Rate 14 SMpsa Port 17 Savaore Tito 17 Weather and Saa CmObbi 17
      50 words

  • Page 30 Advertisements
    • 103 30 FOR WHO, WHAT, WHERE AHD WHEH CP 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
      103 words
    • 37 30 CARGO SPACES AVAILABLE ON BARGE, 180 ft X 50ft X 10ft. TOWED BY TUG BOAT OF 790 H.P. TO TANJONG PRIOK, SURABAYA, INDONESIA AND OTHERS S.E. ASIAN PORTS. PLEASE CONTACT: HERMES INTERNATIONAL PTE. LTD. TELEPHONE: 235 7686
      37 words

  • Page 31 Advertisements
    • 1903 31 1 "1 JAMMf SNIPPING AGENCIES 77. 200 Cantonment Rom) #12-06 Southpotot, Sinppore 0201 Td *****11 TELEX NO RS mnjixn TERMINAUCFS TjJCTCIS 220 S AGENC.ES SOW. BHD. PO«T KELANG TEL *****18 TELEX NO MM477/MM^Ol HB PENANG TEL *****4 TELEX NO MA***** CFS TEL *****6 T 17/1, S.'»vi<v ■IWnWCI P.GUOANC TEL: *****2/3
      1,903 words
    • 30 31 Umm aid MrvkM r«prMMt«4 MmUmts of the Registry of AceredM singipof Natkwd ShipFar advertising and circulation enquiries, contact Business Times: Tel *****00. Fax 235-9320. I EXECUTIVE I 1 JOBS I
      30 words
    • 2044 31 i VhM Voy ETA I ETD 'Port 'Penang 7 DESTINATIONS Singapore Keleng nn» wee* Marchen (00* Ckwlog Tun* Fhhc by CY 2/10 0400 HAS M Farco MM HHP CFS 1/10 235® MRS M Tauro OAK LOB HOU MEM ATL MIA CHS BAI PHL NYC MOM TOR MARCHEN M 9008 2/10
      2,044 words

  • Page 32 Advertisements
    • 1012 32 ROTTERDAM/ VOY NO S PORE P. KELANQ SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE BREMEN EXPRESS 98/515 W 23/10 17/10 WW 16/10 22/10 BENAVON 98/518 29/9 18/10 MHO 21/10 KATSURAQI 02/517 4/10 29/10 23/10 25/10 22/10 28/10 BENALDER 97/522 7/10 24/10 27/10 28/ 1 2 HAMBURG EXPRESS 98/521 11/10 5/10 3Q/10
      1,012 words
    • 469 32 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC 1 28/9 9/10 12/10 17/10 ALSO ACCEPTING CARGO VIA SUVA TO. LAUTOKA. PAGO PAGO. APIA NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP SEASPAC I 28/9 30/10 31/10 3/11 AIM accafttag Carp to Callao (Peni) via Valfa Agents; Singapore: ommob VS.
      469 words
    • 1392 32 El wiflwo un REGULAR INDEPENDENT FULL CONTAMER SERVICE WESTBOUND FOR EUROPE VSL/VOY SIN ALG BCL FEL ROT ANT NAM IK LHA (VIA (VIA (VIA I ALA ROT) MM N SINGA 9029-3 21/09 12/10 14/10 17/10 19/10 22/10 21/10 ZiylC 24/10 N. AL MUNTAZAH 9030-3 2SV9 20,10 22! 10 25/10 26
      1,392 words

  • Page 33 Advertisements
    • 1581 33 BSsteamers Maritime Holdings Ltd I mP&O I t II; Containers mum Mo IrKIMI Spar. IriM H'Hyri rim Lak 001 WILS BWftN EXPRESS *515 ♦BM W 2W» 73/16 17/18 I*lo t(flO 22/10 CA BENAVON M/Sll BAB 2MB 3CW9 17/18 I*lo 11/10 STBAm VWTUBK V22t Kiara. La*. KK In Pt S Sap
      1,581 words
    • 1598 33 TO: EUROPE TO: FAB EAST SP LM REM HAM B'HVN FIX STORE HK KAO KM M CHOYANC PARK 010* 3*l 11/10 11/10 2*l* 21/11 23/1# CHOTANC SUCCESS 010E 1/10 VU S|U l|U UfH HANJIN OAKLAND 010* 7/10 24/10 25/10 21/10 2*ll 2*lo HANJIN HAMBURG OB2E 11/10 IS/10 14/10 IS/10 CHOYANC
      1,598 words
    • 384 33 SPECIALIST IN RO-RO ft HEAVY LIFTS VESSEL COSMIC CHUN ASIAN TRADER KUAN STAR VOY. NO. 12 2 m S'p« Vfi 1/M 11/ M P. MUnf VM 14/ M Honj Kong Yokohama 24/11 "W IJ/10 22/10 omo »ie Sonbofcu IC/lt Kathtmi •For Discharging Only NOTE: ALSO CALLING OTHER JAPANESE PORTS, HONGKONG
      384 words

  • Page 34 Advertisements
    • 652 34 CR NBR 11R*****000-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EIIRIPE VSUVOt SPORE ROAM/ADAH H'IUK BftOKN ANTWERP ■ATMMVZ7W* 8-WJ VJJ JW} JJK KH VESSEL H-UflO MM JWJ gU gjl sriwijavajHwb tf-iyu Mi niu niu mru FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sift|Kt to Munmnt Atoo accaptog <»go to CMUra, Rorl Said, Port
      652 words
    • 748 34 I67VHANJIN SHIPPING 1 Yy FULL CONTAINER SERVICE Vpcfl laHavr* Rdam H'burg Bha von Ft tow* FEEDER VSL SIN LINE HAUL LAX OAK CHOYANC PARK OMW 29/9 17/U) 11/10 19/10 21/10 22/10 CHOYANC SUCCESS IIOE 1/10 M KUNSAN «K 2W W> HANJIN OAKLAND UON 6/10 24/10 25/10 26/10 21/10 29/10 HANJIN
      748 words
    • 1126 34 i -j IMU SCP HKC KSC KLG PUS MKT OSK SMI TTO LAX SFC PTL CMS ML NYC LMY Ml Hi FU W E GRACE It-OS Mfl hi PI 2/H Vl* V* VM M/M 1210 14/10 IS/10 W ll|U *11 n/U H/ll nfll N/11 Wll 2RTU E GIIAMY RE-OM Til
      1,126 words

  • Page 35 Advertisements
    • 1479 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE .*****22 DOCUMENTATION OEPT: *****44/ *****14 CFS: M 2 —IMPORT: *****69/*****50 CFS:M2 EXPORT: *****53/*****04 K^an^(Ca) A *****87, Penang-(04) *****0, J.Bahru-(07) *****3, *****4 j7karS T (21)*****2.
      1,479 words
    • 1203 35 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 DISCHARGING FROM EASTBOUNO LOADING FOR WESTBOUND «mni VOTAfII got [MANILA WOK VOTAg m WOAWC MBUHt O'HAVtt TKJURY ROTT MIW t kisclev vai
      1,203 words

  • Page 36 Advertisements
    • 1382 36 K line KAWASAKI LTD. EXPORT AMEPIPA PACIFIC SOUTH-WEST If' mPOHT N. AMERICA PACIFIC SOVTH-WEST ytsSEL voy nous lb oak Tky fhdcr vessel voy tky scp FEEDER VESSEL VOT *INOO *PK/fM SCP MOTHER VESSEL VOT It OAK CHI JVC 111 w 39 «fl 6.9 IM QUEEN S WAT BRIDGE t Llfl
      1,382 words
    • 1066 36 \Sm PMU-OMNT LINCS PTC LTD 106 ROBINSON ROAD #07-00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69/*****00 TELEX RS ***** PHH.I FAX *****76/*****38 sJStt BY AIR, LAND OR SEA Sgieaiy WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 29 SEPT MONTREAL, OTTAWA, TORONTO, g^'ggS? MUSCAT, BAHRAIN, ABU
      1,066 words

  • Page 37 Advertisements
    • 1458 37 ■agssss mSmm pacific international lines (pte) ltd m mtm P"- Building, 140 Cecil Street Singapore 0106. VOY SIN JKT SIN VESSEL VOY SIN BKK SiN EDEN mi iM 30/9 3/10 »EGASUS PROGRESS 838N «M J™ JJJ KOTA PAMJANO 07SB Mrt 1/10 KOTA NAOA 21N 2/18 WlO WIS OCLTA MAS 174S
      1,458 words
    • 1031 37 r BEN LINE CONTAINERS LTD V 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** express container service to uk/cqmtwent |VOY SPORE PKLANG SHAMPTON HAMBURG B'HAVEN R'DAM L'HAVRE Bremen Express* 98*15" 28/9 22/10 16/10 18/10 15/10 21/10 96/518 30/9 Via Bar 17/10 20/10 22/10
      1,031 words
    • 335 37 M MYANMA n FIVE STAR UNE V (Myanmar National Line) Loading for Yangon (Rangoon) Sport P.KIg Ptn P.Gdg PAGAN VI6IW In Pl MAGWAY VIBW In Pt MPSEP AVA VIO4W 31 SEP PATHEIN VIO6W 7/10 OCT 11/12 OCT PAGAN VI62W 12/16 OCT MYOMAYWA VI3IW 16/20 OCT ■gt THE BANK LINE (A
      335 words



  • Page 40 Advertisements
    • 811 40 v^^v INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV RDM ANT HBC RST MECKLENBURG SflO In Pt 21/1# 23/10 22/10 24/10 27/10 ARABIAN SEN WFO43 04/10 2S/10 27/10 21/10 10/10 1/11 GERMAN SEN Wfo44 1/10 31/10 1/11 2/U 4/11 1/11 W. PIECK I/S0 1/10 1/11
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    • 1115 40 I GBEBKL* I CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 MM COMMJMTMN SEX VICES TO: FAR EAST PORT KELANG 5/10 12/10 MANILA 6/10 13/10 PENANG 5/10 12/10 BUSAN 5/10 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
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    • 327 40 Xm^^^WTTTiTini LOADING FPU LOADINC FOR BUCNOS AMI S8* c 2®. """O "0 mm PAOJA V 9MM2 17A1 Ufll OPT most*lNl UIU mil vu UIU mu a/u DISCNARCING FM BRAZIL ONLY VMS MNL HR ME SUSAN TOK MO KM mostween i ana an» yu i/u W v rat? 1 Regular BBulk
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    • 1245 40 tea f S 'Sj Sr CHINA OCEAN SHIPPING COMPANY 2, Ml ST RI ROAD, HMC BUILDING TEL' 2X1900 #15-00, Singapore 0207 FULL CONTAINER LINER SERVICE tele* rs x» coship CR NO: **********0 M FAX: *****66 General Agents: OOSTAR SHIPPING Pl* LID CABLfc c^ mjm B fl «s§yVo! SO FIX ROT
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  • Page 41 Advertisements
    • 777 41 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 t Competitive Rates!! ETA USA All IPI Destns 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 Tsl: *****21/2/3 Fax: *****24
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    • 245 41 fa* RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL: *****33 (12 Linos) «m FAX: *****15/*****03 fH TELEX: RS ***** RISHIP (3 Linos) Pf\ ETHIOPIAN SHIPPING UNES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOACXNQ FOR SPOHE NETSANET 20WB 30/10 DARESSALAAM MOMBASA OJIBOUTI ASSAB MASSAWA ABYOT 23W8
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    • 816 41 tao.PT. MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TTKfICE WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE. INDONESIA, MALAYSIA THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS. t WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 r SINGAPORE IMOONfSIA SERVICE VSL VOY SIN JKT
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    • 1005 41 BANGKOK CEBU/MANILA i"— r I "r I T3 I— i» i— i —ui SIRI BMUM# 464N Frl 21/9 Mor 1/10 SO ORIENT 39R 20/9 4/M i/M MAMA BMUM# 20N Sun 30/9 Wad 3/10 KITI BHUM 40S S/M U/M 13/10 NANTA BHUM 09N Wad 3/10 Sat 0/10 SO. ORIENT 41R 12/10
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  • Page 42 Advertisements
    • 1279 42 MAC-NELS SINGAPORE wwr til »imT| iw»w Ttu anjiTl 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 -IWX" J BAHRU TEL: (07) *****2 SIBU TEL: (084) *****21 LABUAN TEL: (087) *****9 W X J
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    • 508 42 fjTfc BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS niSCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON. BLUFF, CHRLSTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIY AUCK LYT PREMIER OK IN PORT 10 Oct Via NPt Oct
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    • 1135 42 .rm THONG SOON LINES PTE. LTD. 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH una |m leta |«t una Iwr I eta kit KIM SOON LI 38/90E 29
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  • Page 44 Advertisements
    • 15 44 Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
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    • 21 44 S3 IUNIIPt/S.EJL BREAKBULK SERVICE jar I VESSEL KRISSA SINGAPORE 12/10/90 m j onagers yi/iust lanage BT shows you how every Monday.
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    • 20 44 Okieptt Bui^LnHE KKU SIN PKL DCBTN ACROPOLIS/***** Sid 8M 8M FLU/AMT/UK/NTS SINQA SKY/***** SM 2M FLU/ANT/UK/BFS BLUEBELL SUSAMNAH/tOOOt «/10 IQMOFLU/AMT/UK{HUL)
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    • 81 44 REGULAR COMVEMTIOHAL SERVICE TO OBHA Vwml S port P. Gutang Pw Lm*l For quangshui m n huancw/shaachai DAK In R HUARCHJ MOONCHAI VM 1/10 HAKAO/SHAdTOU JIANCHANG HUAIWU CHANODU S/10 7/M HUARCPU/SMAIITOO LEDU 11/10 HUANGPU/XMGANC SCHINDON TRADE FREIGHT SERVICES 47 BEACH RO, tfOS-OC KHEMQ CHRJ BLOQ. TEL: 33*0074/*****03/*****17 FAX: *****4$ TLX:
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    • 42 44 «Tat: 5343*27 Fax: *****30 Tlx: R8 433*4 METCO Mo; Vt**B. VOY NO. WW MAA OU. TIGER RIVER 106CNB 28A» 04/10 H.OVIK 129N 2V09 02/10 TKJER CREEK 108CNB 29/08 00/10 ALCOR 130N 02/10 08/10 TIOER RIVER 107CNB 16/10 24/10 ILOVIK 131N 10/10 17/10
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  • Page 45 Miscellaneous
    • 435 45 TIDES AND WEATHER TODAY'S TIDES (height in metres) HQUmmm I3M MmMIMOI I 7» MM Mil lOHim 12M13M 1*115» IMP 17M UM mi mi an 22W aw ft LI 1.4 1.1 1J 15 L 7 1.6 15 15 15 15 15 1.8 2.1 2.4 2.6 2.5 14 2.1 L 7 1.4
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  • Page 46 Advertisements
    • 373 46 CHARTPOINT Every Saturday in Business Times PAKISTAN NATIONAL Jfgh SHIPPING CORP., KARACHI. INDONESIA MALAYSIA KARACHI MIDDLE EAST GULF SERVICE FOR KARACHI, DUBAI AND DAMMAN. VESSEL KUANTAN PT. KLANG PENANG OHRMAZD 7-9/10/90 INDONESIA MALAYSIA EAST ASIA SERVICE FOR HK TWN S.KOREA JAPAN VESSEL BELAWAN PALEMBANG P. BAHRU JAMBI TBN 27/9/90 30/9/90
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    • 708 46 /HYUNDAI MERCHANT MARINE CO. LTDEASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI PIONEER ST" 2*B 04/10 22/1# 24/10 27/18 26/10 HYUNDAI INNOVATOR 34W 20£ 23/08 26/08 IJW9 21/08 LALANOIA 35E 6/10 11/10 29/10 31/10
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    • 690 46 ALL SET MAiMilt IASHiNO CONTAINER LASHING EQUIPMENT TEL: *****92 TLX: RS ***** ALLASH FAX: *****61 NOTICE NOTICE M.V. Pitaeni V«r. 11 Arrd Singapore 17/0/90 Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a General Survey will be held on the 28th September 1900 (Friday) Keppel
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