The Business Times, 2 October 1990

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 170/12/89 Tuesday October 2 1990 75*
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  • NEWS SUMMARY
    • 71 1 PAKISTAN'S army chief General Mirza Aslam Beg yesterday accused India of concentrating troops along the border, saying it coincided with a plot to create disturbances during general elections set for Oct 24. He said India had moved its 12th Army Corps of some
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    • 37 1 MOSCOW is planning to announce major changes to its investment laws this week, including allowing 100 per cent foreign ownership of companies, presidential economic adviser Stanislav Shatalin said in an interview published in Moscow yesterday.
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    • 25 1 SWEDISH home appliance giant Electrolux is considering setting up an operational headquarters in Singapore to coordinate expansion plans in Asia Page 2
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    • 30 1 A MALAY politician expects the coming convention of Malay professionals aimed at forging a vision for tfie Malay community to turn into a 'political mudslinging match' Page 2
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    • 28 1 MALAYSIA and the Soviet republic of Uzbekistan have built their first 'bridge' for trade with the setting up of a joint business council. Page 8
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    • 22 1 A VIETNAMESE-SOVIET joint venture has found the 'largest oil deposit yet' in Vietnam's southern continental shelf. Page 8
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    • 43 1 US PRESIDENT Bush and congressional negotiators have agreed to a deficit-cutting plan that includes major increases in taxes after Mr Bush decided that the need for economic stability was worth the sacrifice of his main tax policies Page 10
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    • 27 1 BUILDING contractor Low Hua Kin is venturing into the bonded warehousing business barely two months after his departure from Guthrie GTS. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 31 1 BLUE CHIP stocks opened sharply higher on Wall Street yesterday, with the Dow Jones index of leading industrials up 17.83 points at 2,470.30 points five minutes into the session.
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    • 48 1 LONDON share prices were sharply higher at midday yesterday, boosted by an early mark-up and a shortage of stocks. At about 1115 GMT, the Financial Times-Stock Exchange 100-share index was up 39.4 points, or 2 per cent, at 2,029.6. Volume was 165.6 million shares at midday.
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    • 21 1 THE TAKEOVER of Nasdaq-listed Qume by a group led by Wearne Brothers has been called off. Page 3
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    • 21 1 LOWER contributions from its property section and high financing costs halved Wing Tai Holdings' profits. Page 3
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    • 26 1 THE Thai Military Bank has asked the Vietnamese authorities for approval to open a branch office in Ho Chi Minh City Page 7
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    • 14 1 MARKETS in Malaysia and Indonesia were closed yesterday for Prophet Muhammad's Birthday.
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    • Article, Illustration
      28 1 Monday Change BT-MGA 555.64 +2.83 Kuaia Lumpur ....Closed Hongkong 2,791.26 30.44 Tokyo 20,221.86 -761.64 Sydney 1,386.2 -9.9 Friday Change New York 2,452.48 +25 London 1,535.7 -12.4
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    • 17 1 Exchange rates us$ SSI.7600 SSI.2828 M$ SS0.652I Money market rates Overnight 6-3/4 •1 3-montn 6-9/16 1/8
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    • 7 1 London Gold PM fix US$396.30 -US$12.10
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  • 473 1  -  New law to come into effect in 18 months By Abdul Hadhi A LAW will be enacted in about 18 months' time to allow foreigners to buy bank shares listed on the Jakarta Stock Exchange, but there will be a cap on foreign ownership,
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  • 267 1  -  By Lee Han Shih TRANSACTIONS of residential properties have fallen by half and prices by 10 per cent since the start of the Gulf crisis on Aug 2, reports DBS Bank in its latest review of the Singapore economy. Casting a fairly pessimistic eye on
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  • 465 1 The Gulf Crisis IRAQI PRESIDENT Saddam Hussein followed up a call for dialogue in the Gulf crisis yesterday by releasing nine Frenchmen held as human shields against attack from American-dominated forces massing in the region. Mr Saddam's moves came as US and
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  • 97 1 WHAT IS the impact of the Gulf crisis on the Singapore economy? A joint study by senior lecturer Dr John Eng and economist/investment analyst Tan Ee Khoon spans three scenarios, covering a wide spectrum of possible outcomes of the crisis and arrives at the following conclusion: it
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  • 229 1 THE Tokyo market fell heavily yesterday with the Nikkei Stock Average finishing the day at 20,221.86 yen, down 761.64 yen or 3.6 per cent from Friday. It was the lowest closing level for the key market indicator since Feb 25, 1987, when
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  • 318 1  -  By John Tan THE PRIME Singapore Handicraft Centre site appears to have finally been awarded, some 15 months after the first tender was called in June last year. The markrt talk is that the Kuok Group's Allgreen Properties has won the
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  • 55 1 THE SANG KANCIL portfolio has achieved an smnring return on capital of 39.4 per cent after two months of trading. The main profit came from selling the Nikkei Stock Index future contract at Simex, which over the last eight weeks has shed more than 10,000 points.
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  • Page 1 Advertisements
    • 287 1 Nikon The World s Finest Photographic System. Aircraft Schedule 27 Money Changer Rates 27 World News 10.11 Commodities 26 Money Market 25 Cryjite Crossword 27 Regional News 8 Edttonal 12 Regional Stock Markets 24 For market indices, edrtonal, Financial News 7 SES 19. 20 advertising and circutatwi exFutures Options 25
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    • 22 1 Tokyo bid to calm investors greeted with scepticism. Back pg Bear will have run of Wall St for some time, Pg 6
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    • 84 1 Exports to slow, Back Page Call for united action to stabilise oil prices, Pg 11 •i 11,,,,,! I TH( HOll GLASS Luc kv Ruj T«4 'V42«XV I• V* T«* i!S*SJWm CnrnoM T«t 714ISWM» fefmull Hut T«< ))nmiW«i) UMlrwuKtM 7J112W Ovw* Vp«l Tr«w* loungr It) HM/VO filrinm TMI MOU* GLASS Yo»
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  • HOME NEWS
    • NEWS ROUNDUP
      • 72 2 "SINGAPORE COMPANIES have a better understanding and appreciation of design," said Prime Minister Lee Kuan Yew in his message to the Second International Design Forum to be held here later this month. Organised by the Trade Development Board, the first design forum was launched in
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      • 72 2 TWO SINGAPORE HOTELS, The Shangri-La and Sheraton Towers, have made it to the Business Traveller's list of the world's top 10 hotels for the second year running. Readers from 50 countries ranked The Shangri-La and Sheraton Towers in second and seventh place respectively in "The
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      • 97 2 SOME US$4B million worth of Batam residences were snapped up by Indonesians during a seven-day exhibition at the Jakarta Design Centre last month. Altogether some 965 houses, apartments and shop houses were sold by the 12 developers who took part in the residential property exhibition.
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      • 58 2 FROM October next year, all motorbikes and scooters have to pass strict emission standards before they can be registered for their use here. They must also have a certificate by manufacturers saying that they comply with the standards. Those who register before the Oct 1, 1991, date
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    • 224 2 TO HANDLE the printing of its flagship paper here, Japanese media giant Nikkei has set up a local company named after the paper Nihon Keizai Shimbun Singapore Pte Ltd. The company will act as a sales and news gathering point for the Asian
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    • 472 2  -  By Genevieve Cua SWEDISH home appliance giant Electrolux is studying the possibility of setting up an operational headquarters (OHQ) in Singapore to coordinate its expansion plans in Asia. The OHQ will be a sign of its commitment to raising its manufacturing stake in
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    • 496 2  -  Forum may turn into political mudslinging match, says Tarmugi By Harish Mehta A CONVENTION of Malay professionals aimed at forging a vision for the Malay community could turn into a "political mudslinging match", and could cause a split in the community, says a Malay politician.
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    • 253 2 IN VIEW of growing opportunities for trade in diamonds here, the Belgianbased Antwerp Diamond High Council has been urged to set up an office in Singapore. The call was made by David Chin, director of the Trade Development Board, at the
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  • Page 2 Advertisements
    • 52 2 CONGRA TULA TIONS DRAGON WORLD On your Official Grand Opening From: Decor Furniture (Pte) Ltd (Nominated Sub-Contractor for Haw Par Villa Interiors) 12, Street 2, Sungei Kadut Singapore 2572 Tel 269 3237 Fax: 269 2659 Specialists in Project Management, Interior Design, Contracting for Offices Restaurants Shops Banks Museums Visitors' Centres
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 427 3  -  By John Tan THE TAKEOVER of Nas-daq-listed Qume by a group led by Wearne Brothers has been called off because certain conditions have not been met. This could turn out to be a blessing in disguise for the bidders in view of the
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    • 208 3 IN LINE with the boom in the hotel sector, Sea View Hotel Ltd has turned in a set of healthy results for the year ended June 30, but its directors are less optimistic about the outlook for the current year because of
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    • 199 3 SUNSHINE Allied Investments, in the process of being taken over by British food group Grand Central Investment Holdings, saw a jump in post-tax profit of over 26 per cent on the previous year to reach $3.35 million. Pre-tax group profit rose 24 per cent to
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    • 162 3 Bernama AEROFLOT, the Soviet airline, will sign an agreement with Malaysia Airlines (MAS) in Kuala Lumpur on Oct 11 to lease two of its aircraft to MAS, Aeroflot di-rector-general for Uzbekistan, GM Rafikov said in Tashkent yesterday. The aircraft, an Antonov and an ilyushin
      Bernama  -  162 words
    • 208 3 THE MALAYSIAN arm of the Hong Leong group has emerged as the fourth largest shareholder of Singapore's United Engineers Ltd, a member of the OCBC Bank stable. Hong Leong Co (Malaysia) Bhd, controlled by Quek Leng Chan, yesterday announced its deemed interest in
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    • 444 3  -  From William Chia in KUALA LUMPUR MALAYSIA's listed companies and financial institutions will go on show from today to Saturday in the country's first exposition and convention on capital growth opportunities. Kuala Lumpur Stock Exchange executive chairman Nik Din Datuk Nik
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    • 380 3  -  By Conrad Raj LOWER contributions from its property section and high financing costs slashed Wing Tai Holdings' profits by half. For the financial year to June 30, 1990, the garment manufacturer and property developer turned in attributable profits before extraordinary items of $9.46 million,
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    • COMPANY BRIEFS
      • 78 3 FOLLOWING exercise of Malayan Credit TSR 1990 by See Hoy Chan Sdn Bhd, it now has direct and indirect interest in $78.51 million ordinary stocks, or 24.42 per cent of the total issued and paid-up capital of Malayan Credit Ltd. The
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      • 91 3 MALAYSIAN Investors' Association (MIA) yesterday proposed a stock investment fund by the government to shore up confidence and liquidity in the KLSE. MIA president PHS Lim suggested that a consortium of financial institutions put up Msl billion for the fund. "This could really
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      • 37 3 DATUK Tan Kim Yeow has resigned from the board of Shangri-La Hotel from Oct I. His alternate, Mr Tony Tan Choon Keat, has been appointed director, also with effect from Oct I.
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      • 58 3 ACMA shareholders have approved the sale of the company's air-conditioners and refrigerators assets to OYL Industries Bhd and OYL Appliances Sdn Bhd for a total of $9.5 million. At the EGM on Sep 28, shareholders also approved the sale of the company's property at 9 Gul
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      • 76 3 EX-CIVIL servant Goh Sin Tub has been appointed a director of Chuan Hup Holdings Ltd from Oct 1. After leaving the civil service, Mr Goh joined OCBC as personal assistant -to the then chairman Tan Chin Tuan before being appointed the bank's assistant general
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    • 265 3 YEO HIAP SENG Ltd (YHS) is further expanding into North America with the opening today of its new $20 million factory in Canada to produce soya bean milk. In a statement, YHS chairman and managing director, Alan Yeo, said: "We decided to invest in
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • REGIONAL COMPANY NEWS
    • 501 5 IN THE continuing saga of the Jademan takeover, Jademan's new directors have taken legal action against former chairman Tony Zie and three former directors over HK$ 16.52 million in bonuses and severance payments, the South China Morning Post reported on Saturday. Jademan's new directors,
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    • 413 5 TO HELP firms raise capital, Hongkong's stock exchange is planning to overhaul the rules for rights issues and underwriting, the South China Morning Post reported on Sunday. The exchange has decided to reduce to 14 days the minimum period of an issue from 21
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    • 347 5 THANINEE TRADING, a pioneer of trade ties with Indochina, last week unveiled an extensive list of joint venture projects worth more than Bt6 billion, including hotel developments, golf courses, a supermarket and tourist facilities in Vietnam. According to a report in The Nation, the
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    • COMPANY BRIEFS
      • 115 5 THE Australian Stock Exchange (ASX) has queried Rupert Murdoch's News Corp Ltd about the dramatic fall in its share price in the past week. An ASX spokeswoman said the ASX had asked the media giant if it knew of any reasons for the slump in
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      • 86 5 JAPANESE trading firm Sumitomo Corp and Yugoslavian trading house Energoinvest have won an eight billion yen order from Indonesia to deliver equipment for electrical power substations and distribution stations in eastern Java, a Sumitomo spokeswoman said. The two firms will deliver transformers, insulators and communications equipment
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      • 94 5 JAPAN'S Finance Ministry is considering various ways to bolster a plunging stock market, a ministry official said. These include revising margin requirements to boost trading, increasing periodic talks between the ministry and institutions and asking them to refrain from panic selling. A Tokyo Stock Exchange
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      • 75 5 HKR is delaying its plans for a hotel in Discovery Bay on Lantau island, amid uncertainty over the new airport proposals. The group had originally planned to build a resort hotel with a maximum of 240 rooms on an elevated site overlooking the bay. It has
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      • 51 5 HENDERSON Land Development Co (HLD) has reported a 33 per cent rise in after-tax profit to HK$l.74 billion for the year ended June 30, 1990. The property group's earnings per share also rose 33 per cent to HK$l.O9, while revenue climbed 69 per cent to HK$4.O2
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      • 97 5 Reuter JARDINE International Motors Hojdings Ltd, a unit of Jardine Matheson Holdings Ltd, said it has agreed to acquire a 49 per cent stake in Southern Star Motor Co for HK515.5 million. Jardine International Motors, formerly Zung Fu Co Ltd before it became 75 per cent
        Reuter  -  97 words
  • Page 5 Advertisements
    • 198 5 rr 11 rffl OUR STANDARDS WERE SET ABROAD. ■MRHf?I fffl.l iff 9« HP B^^' 1 When we created One Ampang Avenue we knew exactly what kind of people would live here. Expatriates who expect wB W" m/L H SrS the most of accommodation, recreation, convenience, freedom and security. Luxuries that
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 66 6 THE British-based publishing and media group Maxwell Communications Corp (MCC) is to sell off assets worth over US$6OO million to reduce short-term debt, chief executive Robert Maxwell said in London on Sunday. Mr Maxwell, whose flagship companies are the Pergamon publishing group and
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      • 88 6 THE UK Department of Trade and Industry said it cleared the proposed purchase by Cereal Partners UK (CP) of Ranks Hovis McDougall pic's breakfast cereals business. CP is a joint venture between Nestle SA and General Mills Inc. Ranks announced the sale for £97 million on
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      • 70 6 CAMPBELL Soup Co said it will consolidate its worldwide biscuit and bakery operations into one organisation "to provide greater global momentum" and named Richard A Shea president of the new Biscuit and bakery division. The operations have US$BOO million in annual sales. Previously, Campbell's US biscuit and
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      • 89 6 WINTERSHALL AG, a subsidiary of chemicals group Basf AG, said it had agreed on a broad cooperation agreement with Zarubeshgaz, a unit of the Soviet natural gas producer and exporter, Gasprom. A Wintershall statement said the cooperation would cover joint marketing of Soviet natural gas
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      • 71 6 INDUSTRIAL group Daimler-Benz AG will probably invest between two and three billion marks in factories in East Germany over the next three to four years, its management board chairman said. In an interview in West German radio, Edzard Reuter also said he expects the first signs
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      • 96 6 CWB CAPITAL Partners said it has acquired Sweden's Aijo Group, a supplier of patient hygiene, transport and lifting equipment, for US$2OO million from Malmros International AB, also of $weden. Anders Frick, Aijo's executive chairman, wekx>med CWB Capital Partners' acquisition in the light of Malmros's decision to
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    • 961 6 IHT AT FIRST, as the stock market tumbled in early August, the denizens of Wall Street talked of "an air pocket" or "a correction," reminding one another that the market had quickly recovered after even sharper declines in 1987 and
      IHT  -  961 words
    • 306 6 Reuter WHITMAN CORP's decision to spin off its largest operating unit, Pet Incorporated, has shocked industry analysts who expected the troubled multi-industry company to build on its food operations and spin off one of its non-food units. "This really is a surprise because this is
      Reuter  -  306 words
    • 184 6 Reuter KINGFISHER PLC and Trafalgar House pic said they are forming a joint property investment company to be known as Marston House pic. Marston will acquire 18 investment properties from Kingfisher's property subsidiary Chartwell Land pic and Trafalgar House Property Ltd for £188 million.
      Reuter  -  184 words
  • Page 6 Advertisements
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  • FINANCIAL NEWS
    • 373 7 SEEKING TO expand further into Indochina, the Thai Military Bank (TMB) has asked Vietnamese authorities for approval to open a branch office in Ho Chi Minh City. TMB already has a representative office in Laos, which opened last November in its
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    • 276 7 THE Bank of Thailand has confidence in the automatic mechanism of its monetary policy in intervening in the short-term money market, so that panic resulting from the tight money supply can be brought under control, The Nation reported. Thailand's money market has plunged into hard
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    • 253 7 AFP TWO FINANCE firms from Japan and Singapore have set up special funds to shore up the ailing Securities Exchange of Thailand (SET), which has been hard-hit by the Gulf crisis, a SET spokesman said yesterday. The spokesman said the Bank of Thailand, the
      AFP  -  253 words
    • SMALL CHANGE
      • 89 7 ELECTRICITY Corp of NZ Ltd said in a statement that Citibank NA has withdrawn from its bond dealer panel. ECNZ treasurer Guy Manuell said he regretted Citibank's withdrawal but noted it came at a time when the majority of ECNZ's issuance had already taken place.
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      • 86 7 IDD Information Services Inc said Merrill Lynch Capital Markets held the top slot in underwritten offerings both domestically and worldwide in the third quarter. It said Merrill underwrote U5537.4 billion in the US and US$42 billion internationally. Goldman Sachs and Co ranked second with US$3l.O billion
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      • 69 7 A STOCK market reform bill, complete with a provision to curb programme trading deemed to cause excessive market volatility, won support in the US House last Friday and is ready for President Bush to sign into law. The measure strengthens the Securities and Exchange Commission's
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      • 66 7 SANWA Bank Ltd will launch a leasing subsidiary in Britain on Oct 4 to meet increasing demand for the service from Japanese companies in Britain, the bank said in a statement London-based Sanwa Business Credit (UK) Ltd is capitalised at £10 million and owned 70
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    • 654 7 Reuter TEN DAYS AGO, commercial bankers hoped the International Monetary Fund/World Bank annual meeting would provide the opportunity to pin Brazil down on a commitment to pay its debt ultimately quickening a bank retreat from the Third World. Ten days later, the best
      Reuter  -  654 words
  • Page 7 Advertisements
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  • Page 7 Miscellaneous

  • THE REGION
    • NOTE BOOK
      • 109 8 TWO LION STATUES in front of the old Bank of China building in Hongkong were splashed with black paint yesterday, China's National Day, police said. The incident took place during the small hours yesterday before a patrolling policeman found the lion pair
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      • 115 8 HOTELS in Hongkong are facing hard times, but the slump is not as bad as in the early 1980s says the World International Holdings chairman Peter Woo. He said: "It's not new that hotels' earnings are down. It will be hard for those who have
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      • 110 8 HONGKONG and Shanghai Banking Corp has revised down its forecast for real growth in Hongkong to 2.5 per cent for 1990 from 3 per cent forecast in December. The bank said the economic trough that set in early in 1989 was showing signs of bottoming out
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      • 57 8 THE CAMBODIAN regime accused its guerilla adversaries of "destroying" a United Nations peace plan to end the war in Cambodia, in an official radio commentary yesterday. It accused the guerilla coalition of having launched "a propaganda campaign to mislead people into believing that the Phnom Penh
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      • 111 8 TAIWAN'S unemployment rate rose to 2.1 per cent in August, the highest in 2Vi years, officials said yesterday. The August jobless population of 181,000 compared with 166,000 a month earlier, when the unemployment rate was 1.96 per cent, Council for Planning and Development officials
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    • 310 8 THAI Finance Minister Virabongsa Ramangkura is working on a package of austerity fiscal and monetary measures to cope with the anticipated economic slowdown sparked by the Persian Gulf crisis. Informed sources told The Nation at the weekend that the Finance Minister would be discussing the
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    • 363 8 Bernama MALAYSIA and the Soviet republic of Uzbekistan have built their first "bridge" for bilateral trade with the setting up of a joint business council. The joint business council, a venture between the Federal Territory Malay Chambers of Commerce (FTMCC) and Tashkent Chambers of
      Bernama  -  363 words
    • 341 8 AP A VIETNAMESE-Sovict joint venture has found the "largest oil deposit yet" in Vietnam's southern continental shelf, the official Vietnam News Agency reported. The field was found in early September after a nearly two-year search by the Vietsovpetro Enterprise, the report said. The news
      AP  -  341 words
    • 250 8 THE Indonesian government has invited private investors to invest in the seventh and eighth units of the Paiton coal-fired power station and a natural gas power plant project, both in East Java, according to a report in the Jakarta Post. Junior Minister
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    • 437 8  -  From Al O Labita in_MANILA THE PHILIPPINES' trade deficit with its Asean trading partners, notably Singapore, is narrowing. In its latest report, the National Census and Statistics Office (NCSO) said that from January to July this year, the Philippines' trade shortfall with Singapore stood at
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    • 515 8 Reuter TAIWAN, which 18 months ago slapped strict credit controls on its overheating economy, is scrambling to loosen monetary policy amid fears that tight credit is strangling economic growth, bankers and economists said yesterday. The Central Bank, which had cut excess liquidity
      Reuter  -  515 words
  • Page 8 Advertisements
    • 180 8 What do Singapore men do wrong in bed? IMhhHv v «F/ ■f -I ~,*t At last the hush-hush truth. Women tell Her World what makes them unhappy with their men's performance in bed. The slack hand, the slack will, the knead that won't go away... it's all in the October
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  • Page 9 Advertisements
    • 341 9 The Price Of Our Epson PC-AX 2 Has Jow Come Down. ...Which Means That Everyone Can Move Up To Epson Quality. The quality of an Epson product an d a 40MB HDD. Plus a high-resolution VGA varies but happily for the customer, sometimes Colour Monitor with adapter. In addition, you
      341 words

  • THE WORLD 1
    • WORLD WATCH
      • 77 10 JAPAN'S customs-cleared trade narrowed to a U552.79 billion surplus in the first 20 days of September from a U553.24 billion surplus a year earlier, the Japanese Finance Ministry announced in Tokyo yesterday. The interim surplus compares with a U552.37 billion surplus in the same
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      • 88 10 SOUTH KOREA'S current account showed a surplus of USS2SS million in August, in a turnaround from the US$l34 million deficit recorded a year ago, the Bank of Korea reported in Seoul yesterday. The August figure was much smaller, however, than the figure for July, when Seoul posted
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      • 78 10 CHINA will harvest a record grain crop of 422 million tonnes this year, according to official reports yesterday, providing the economy's lone bright spot amid poor factory returns and growing government debt. The China Daily quoted Chinese Agriculture Vice Minister Chen Yaobang as saying the grain
        78 words
      • 59 10 ABOUT 750,000 part-time workers in Japan started a head count of about 120 million people across the country yesterday as the government launched the 15th national census. Japan's census, conducted every five years since 1920, is known for its thoroughness and accuracy. The national census law allows
        59 words
      • 70 10 PAKISTAN will not receive the US economic and military aid it expects until it assures Washington that it is slowing down its nuclear weapons programme, the New York Times has reported. It yesterday quoted American government officials as saying that the US$5OO million the US
        70 words
    • 593 10 NYT US PRESIDENT BUSH and congressional negotiators have agreed to a deficit-cut-ting plan that includes major increases in taxes after Mr Bush decided that the need for economic stability was worth the sacrifice of his main policies on taxation. Mr Bush and a weary
      NYT  -  593 words
    • 458 10 Agencies THE SOVIET UNION established diplomatic relations with South Korea last Sunday, culminating in a series of steps that began in June when South Korean President Roh Tae Woo met Soviet President Mikhail Gorbachev in San Francisco. Soviet Foreign Minister Eduard Shevardnadze issued
      Agencies  -  458 words
    • 295 10 Reuter EUROPEAN Commission president Jacques Delors wants West Germany to show that it is committed to the completion of European Economic and Monetary Union (EMU). In an interview on West German television last Sunday, Mr Delors, who headed a panel that drew up
      Reuter  -  295 words
    • 263 10 AFP THE WEST GERMAN Bundesbank, in a bid to beat counterfeiters, was to have started introducing new deutschemark notes yesterday, two days before German reunification. Notes of 100 and 200 marks the latter denomination being printed for the first time were to be the first
      AFP  -  263 words
    • 462 11 The Gulf crisis AFP OIL PRODUCERS and consumers should unite to stabilise oil prices when they return to normal after the Gulf crisis is over, Algerian Energy and Industry Minister Sadek Boussena said in Algiers on Sunday. Mr Boussena, current chairman
      AFP  -  462 words
    • 416 11 Reuter THE International Energy Agency (lEA) said the crude oil market should be adequately supplied for the rest of 1990 assuming there is no further disruption to supply. It also said that the extra contributions to crude oil supplies that have
      Reuter  -  416 words
    • 500 11 NYT THE Western Hemisphere is holding a giant block party an economic bloc party, that is and nobody wants to be left out. At last week's meeting of the International Monetary Fund and World Bank in Washington, Chilean Finance
      NYT  -  500 words
    • 263 11 AP THE US and the Soviet Union have begun drafting resolutions to authorise the use of military force against Iraq if a worldwide economic squeeze does not force a retreat from Kuwait, US officials said in New York. Both superpowers would move against
      AP  -  263 words
    • 298 11 AP BRAZILIAN President Fernando Collor de Mello has informed United States President Bush that his country provided nuclear technology to Iraq in the past and now lamented the action, a senior US official said. Mr Collor described President Saddam Hussein as "insane" and
      AP  -  298 words
  • Page 10 Advertisements
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  • Page 11 Advertisements
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    • 187 11 This announcement appears as a matter of record only. Bank Bumi Daya acting through its Cayman Islands Branch U*****,000,000 REVOLVING CREDIT FACILITY Arranged by The Fuji Bank, Limited Singapore Branch Lead Managers The Fuji Bank, Limited, Singapore Branch The Tokai Bank, Limited, smgapoc* Branch Expanded Lead Managers Bank Brussels Lambert,
      187 words

  • 516 12 EDITORIAL m us fares went up yesterday and taxi fares will follow suit later this month. M W Consumers of these two forms of publictransport are working out the impact of the increases and adjusting their daily travel patterns accordingly. Soon, they will have to add
    516 words
  • WHAT THE OTHERS SAY
    • 221 12 JAPAN, at last, appears to be standing up to be counted. It should stand taller. To be sure, the Japanese have moved swiftly in response to international criticism that they are not pulling their weight in the global effort to resolve the Gulf crisis. In this
      221 words
    • 141 12 MR V P SINGH's government came under severe attack, following his decision to reserve jobs for low caste Hindus. So far 45 people have died, mostly students in violent protests against the decision. The main opposition parties argue that many of the low castes are no
      141 words
    • 130 12 ALTHOUGH JAPAN and North Korea have established contacts at government level, Japanese political analysts are not very optimistic about further improvement in the two countries' relations. They believe North Korea is eyeing Japan for two reasons. First, it has been isolated internationally. Second, the 78 year-old Kim
      130 words
  • REGIONAL VIEWPOINTS
    • 121 12 ONE OF the most persistent, underlying fears about the approach of 1997 is that there will be serious social dislocation in Hongkong in the last years of British rule. The pessimists who support the doomsday theory of the Chinese takeover have predicted a breakdown in law and order
      121 words
    • 169 12 IN THE relationships between neighbouring countries such as Indonesia and Australia, which due to development in both countries and in the world at large have become more complex and more intricate, it is important that both sides have a clear understanding of the other's geopolitical views. That
      169 words
  • 799 12  -  As Germany braces itself for unification tomorrow, the burning question is: who's going to pay for it? Ferdinand Protzman reports Ferdinand Protzman NYT. FOR most Germans, the burning questions of unification centre on money. From Chancellor Helmut Kohl down to Otto Normalverbraucher the average
    NYT.  -  799 words
  • Page 12 Advertisements
    • 73 12 4, COLOUR Scent and taste, the elements of fine Chinese cuisine. The essence of Shang Palace •T*l*C S Enter the moongate and feel at home with the tranquil surroundings and attentive service. Private rooms are available on request for you and your guests to enjoy authentic Cantonese mg^m |m cuisine.
      73 words
  • Page 12 Miscellaneous
    • 123 12 DOONESBURY BY GARRY TRUDEAU *33 A BARREL AND HLr mufse AC THINK THE ANSWER IS AN APPEAL RISING! ANDHUfTHNO p R A TO PEOPLE'S fKTRKJTISM-T) MAKE INCREASE INOURHXEP H I THEM FEEL 600P ABOUT BEING N0... NO, COSTS! UNIVERSAL PB~ I GOUGED! YOU HME AN* QUAMS I USED 70, GOOP.
      123 words

  • ANALYSIS
    • 2519 13  -  What is the impact of the Gulf crisis on Singapore? Dr John Eng and Tan Ee Khoon discuss how rising oil prices affect the economy Dr John Eng,Tan Ee Khoon Dr John Eng is a senior lecturer with the Economic Research Unit. Sabre
      2,519 words

  • INNOVATION & TECHNOLOGY
    • 755 14  -  Apple Computer is talking to Sony Corp about a venture to produce a lightweight version of the Macintosh computer, reports David Sanger David Sanger NYT IN A CHANGE of manufacturing strategy, Apple Computer Inc has entered into negotiations with Sony Corp for the Japanese manufacturer
      NYT  -  755 words
    • 360 14  -  By Claire Leow SIEMENS Nixdorf Information Systems is the new, powerful company which began operations worldwide yesterday after Siemens bought a major stake in the troubled West German computer maker. The new company, which will be represented in Singapore, will absorb both existing staff
      360 words
    • 565 14  -  IT MATTERS Kenneth James muses on the ongoing transformation of Unix from an unfashionable operating system for scientific boffins to a with-it business operating system Kenneth James UNIX, the operating system (OS) found mainly in work-sta-tions and minicomputers, wears a business suit these
      565 words
  • Page 14 Advertisements
    • 253 14 THE FAX REVOLUTION! NETFAX has revolutionized PC-Fax systems! Now with just one fax card, Local Area Network (LAN) users can send clear reproductions of whatever appears on their PC screen across the continent! With just a couple of keystrokes, they can specify the transmission time to send their messages to
      253 words

  • CORPORATE FOCUS
    • 979 15 French hotel giant Accor not only has a knack for running U!S-style motels, but is also adept at acquiring hotel cnains in America International Business Week IT WAS the event of the summer at Paul Dubrule's vineyard estate in southern France. Cheerleaders and 100 guests
      International Business Week; File picture  -  979 words
    • 616 15 From a back-street operation to a big holding company controlling many subsidiaries, Cheung Wah typifies the Hongkong spirit A LOOK into the beginnings of Hongkong company Cheung Wah Development gives an insight into the early days of the colony's industries. Cheung Wah,
      616 words
  • Page 15 Advertisements
    • 168 15 Hewlett-Packard's customer support... bringing you a dedication like Newton's. Sir Isaac Newton discovered the law of gravity in 1665. And wrote whole volumes in support of his theories. The spirit is shared by Hew lett-Packard. A mayor element of our support lies in j $|lO 1 our people, creme de
      168 words

  • Page 16 Advertisements
    • 209 16 WHERE TO WINE, DINE AND ENTEBTAIN WHEBE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE Some like it hot. Spicv Szechuan dishes served at lunch and dinner dailv in the cool, inviting atmosphere of Szechuan Court. Reservation, .'l3O 8310 or 338 8385 ext *****/6. ,X, The Wlstin Piaza j|Rk.
      209 words
    • 427 16 HWTREGOOSNGAPORE I PROOOtV PRESENTS Thfi Rest 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 N€TT PER PERSON (LIMITED SEATS ONLY) Pre-dinner cocktails 7.30 pm
      427 words
    • 286 16 Everything's fresh After a month's allAllt t oviUo sw 'f 111 CiVvlll |I3^Vy set to serve jadeven better! on our i hp®wilder variety °f Cantonese-Thai menu, fine service and cosy ambience. Special to UOB credit y cardmembers: FREE Jf bottle of Le Piat Dor JL wine with charges of y
      286 words
    • 322 16 PERFORMED DAILY AT /V THE PINE COURT Bj Amidst Imperial splendour. our chefs |HhO iMr> stage their hlghly-acclalmed performance Jaw te B endar > 8e, ,n 8 cuisine to the satis I9m .I faction of demanding diners.To guarantee 'Wf your place amongst the discerning, make I tl your reservations early
      322 words
  • Page 16 Miscellaneous
    • 715 16 TELEVISION AND RADIO /-n 1 CRPI9 750 6.30 RtttgUm Prvpamma. m Ia i J —>_ <—i 8.00 It's Ynr Move Culture 0.45 VW Sad. Ilm ri I 1 II 111 Vulture, a new group per- 7.00 CaMa Mmn Hotomrti. BBC, 89.9 mHz hi VNF Band H L-JAJ.XAA Y llv/11 V/l
      715 words

  • LIFESTYLE
    • 962 17  -  Recession or not, the custom-made traditional men's suit is back in the executive suite in a big way, says Deirdre Fanning Deirdre Fanning NYT WHAT DO Merv Adelson, former chairman of Lorimar Telepictures Corp, former post-master-general Preston Robert Tisch and Stephen Wynn, the chairman
      NYT  -  962 words
    • 688 17  -  Banks are throwing relatively frugal parties now, says Philip Shenon Philip Shenon NYT WHEN Citibank took over Union Station in Washington last year for a party for hundreds of the world's most powerful bankers, it was a circus literally. "We hired a small European circus, and
      NYT  -  688 words
    • 540 17 CHATTERBOX BARBARA BUSH has reassured Americans that trou-ble-makers such as Saddam Hussein won't make her husband cry. "He's not a crybaby like me," she told Woman's Day, "and he'd never cry during a crisis." She said President George Bush is much more
      540 words
  • Page 17 Advertisements
    • 315 17 AND ENTERTAIN American Classics. Only AtThe Hubertus Grill. AMERICAN MEAT PROMOTION I SEPTEMBER TO IS OCTORERIWO DINNER: 7 PM TO 10 30 PM FEATURING AN A LA CARTE MENt ■KgKk Jfc. jm ALSO. STERIJNC SET DINNER FOR w 00-. aißWatw FOR reservations, pi .ease A CALL *****2J EXT 15K Hfe
      315 words
    • 116 17 Tn/xii/a Restaurant and I KV/lIVA\ Karaoke Lounges FINESr RUSSIAN AND CONTINENTAL CUISINE Authentic Russian Cuisine Amidst A View Of The Singapore Harbour Executive Set Lunch/ Set Dinner A la carte Restaurant Hours w 1 Karaoke Hours Mondays to Saturdays llJOsm to 230pm 7.00pm to 2.00 am Dinner. r Mondays to
      116 words

  • SPORTS
    • SIDE LINES
      • 85 18 AUSTRALIAN Steve Moneghetti won an emotional, historic Berlin Marathon on Sunday, the first held in both sides of the once-divided city that is to become the capital of a united Gtrmany. Moneghetti led a marathon-record 25,000 runners with a time of two hours, eight
        85 words
      • 74 18 A;MISTAKE at the penultimate fence by New Zealander Andrew Nicholson presented Britain's Lucinda Murray with victory in the Blenheim Horse Trials in England last Sunday. After his best ever season with wins at Punchestown and Oqberton, Nicholson looked set for another until his horse, who
        74 words
      • 66 18 FRANCO BALLERINI of Italy broke away on the final lap to post a solo victory in the rain-drenched Grand Prix des Ameriques cycling race in Montreal last Sunday. Ballerini, 25, who shared the lead with Sammy Moreels of Belgium with only 16 km to go,
        66 words
      • 43 18 ENGLISHMAN James Weaver gave Porsche its first victory in over a year by capturing the rain-shortened International Motor Sports Association World Challenge of Tampa last Sunday at the Florida State Fairgrounds. The victory kept Porsche's 19-year winning streak intact.
        43 words
      • 66 18 KJJNNY KNOX, who was born and raised in Columbus, Georgia, knocked in a 15-foot birdie putt on the second play-off hole last Sunday to beat Jim Hallet and win the Southern Open in his hometown. Hallet missed a 20-foot birdie putt on the par-four, 462-yard 11th
        66 words
    • 495 18  -  Irish-bred horse clinches inaugural Gerald Genta Gold race By Paul Ramani DAWN STORM treated racegoers to a spectacular display of speed and power as he raced to victory in the inaugural 1600 m Gerald Genta Gold race last Saturday. The five-year-old Irishbred,
      495 words
    • 391 18 AFP WORLD matchplay champion lan Woosnam jumped to the top of the European Order of Merit last Sunday after winning the Grand Prix of Europe in Wales to score his second back-to-back success of the year. The Welsh wizard, who won the
      AFP  -  391 words
    • 378 18 AP JOHN McENROE rallied to beat Goran Ivanisevic of Yugoslavia 6-7 (4-7), 4-6, 7-6 (7-3), 6-3, 6-4 last Sunday in the final of the Swiss indoors tennis tournament in Basle for his first victory in more than a year. The match between the
      AP  -  378 words
    • 388 18 AP ALAIN PROST of France won the 44th Formula One race of his career at the Spanish Grand Prix last Sunday to keep alive his slim chance of retaining the world driving championship. Driving a Ferrari, Prost took over first place
      AP  -  388 words
    • 299 18  -  By Cassandra How IT SEEMS that this year's Honda-Kah Singapore Men's Open is all about booming serves. At last night's first round, Tommy Ho who only three nights before made his debut appearance at the Singapore Indoor Stadium beat compatriot Kent Kinnear 6-2,
      299 words
    • 213 18 AP AMERICAN Joey Rive staved off three set points in the first-set tie-breaker before going on to beat Australian Johan Anderson 7-6 (8-6), 6-3 yesterday in the first round of the US$l million Australian indoor tennis championship in Sydney. Rive reeled off five straight
      AP  -  213 words
  • Page 18 Advertisements
    • 39 18 FOR SUCCESSFUL MANAGEMENT OF YOURBUfINESS ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. To keep ahead, subscribe to Business Times today. Call Rubina Gan on 730-5843 for details. Business Times
      39 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4470 19  -  By Quak Hiang Whai THE STRAITS Times Industrials Index recovered slightly yesterday, closing above the 1,100 level but not before the market saw some panic selling in the morning. Dealers said bargain hunters re-sur-faced in the afternoon, picking up major Singapore stocks
      4,470 words

  • 3925 20 Main Board Keppd Capo 560 +40 +7.7% Singnunne 50* 314 +22 7.5% OCBC Foreign 680 20 3.0* (JOB Foreign 515 +17 +3.4% Asia Pacific 745 +15 +2.1% OCBC 680 +15 +2.3% UOBWt 209 +14 7.2% UOB 510 +12 +2.4% S1A 1020 +10 +1.0% FAN 655
    3,925 words

  • 3028 21 The Kuala Lumpur stock market was closed yesterday for a public holiday. The following are Friday's closing prices. ,<mo Last Vol Week Net Cap Hick U. Co-poy Sab "000 H%h Law P/E Smll INDUSTRIALS 336 143 AISB 50* 176 -17 424 191 174 21.2 180.5 655
    3,028 words
  • Page 21 Advertisements
    • 162 21 BT SURVEYS Looking Wider, Thinking Deeper Some subjects are of sush interest to our readers that they demand more space and more research than can be given in our dally reporting. As part of BT's overall service we have always recognised this and taken the necessary steps. Filling the gap
      162 words
    • 132 21 TELEPHONE: 730-5937/ 5 9 0 2 5 9 4 2 F _49_8_2 I A well-established International Bank invites suitably qualified candidates to apply for the following positions:- H ASSISTANT MANAGER- I FACTORING Candidates should be marketing oriented with two or |H more years of relevantexperience. Desirable attributes |H include integrity,
      132 words

  • BT SHARE INFORMATION SERVICE
    • 175 22 Sep 21 Singapore Press HoMnp is printing an initial 5,000 copies of the 36-page Japanese lan Cge edition of the Nihon Keizai Shimbun for circulation to the region. 27 G8 Hotfngs' shareholders have approved the consolidation of its 34.1 m issued shares of 10 cents each to 17.05
      175 words
    • 143 22 fimnn-r Data Y*ar 6r«* M Itot Mntap tnu mi to praflt/toM (L) ft slur* dhrtatond (•000) (CMto) BMT Sep 28 Jun 90 $773(1516) 254.2(169.6) 150(100) Th« H Glass Sep 26 Mar 90 $7,379(15,796) 15.4(12.2) 5(5) Sum Spore Sep 25 Jun 90 $28,405($24,484) 6.5(5.5a) 18.8(12.3«) RasM Hussain Sep 24
      143 words
    • 226 22 finpiTTT Oat* Y«ar Grwty pretax Met mruing* Cms mm to pr*flt/tou (L) par share dhrUkad COM) (cMts) Chuan Hup Sep 28 Jun 90 $8,309 ($9,365) 5.2(5.9) 2TE(—) Material H Sep 28 Jun 90 $482(11.790) 1.9(8.8) 5TE(7.5TE) MMOaers Sep 28 Jun 90 $7,5831 ($2,819) -(2.5) 1(5) MCA Re Sep
      226 words
    • 1036 22 CurrMt Ex Boohs Date Total far Total far payawt date dote payable tko yoar last yoar MOB 2.5% Sep 14 Sep 28 Oct 27 2.51 2% MMB 10% Sep 21 Oct 5 Nov 1 10% 7 5%<a) A vino 7.5%TE(I) Oct 12 Oct 25 No* 15 7 5%TE
      1,036 words
    • 363 22 Singapore Stocks Last Fad Year Company Pwod Date Year Ptet EPS Gran PM aranmctd (cants) pnft last jwar (TOM) Lmk Hnt kitenm Mar 30 Dec 89 S35L(h) Mra Mo Wenm Aug 11 Mar 91 4.0 2.1 3.471(0 GutmGTS Wenm Aug 31 Dec 90 0.5 666 Ta Final Sep
      363 words
    • 407 22 Company Rights Issue MbM Oiygw One-tor-one MS) 80 per share Rights issue of $1.00 nommal amount of 5% Redeemable Unsecured Loan Stock 1990/1995 with one Transferable Subscription nghts for every two eustmg shares held. Ei-dale: Aug 23 Books close Sep 6 Acceptance 1 Payment Oct 19 Marcs Ml
      407 words
    • 265 22 1*imin-r Data HaH-yaar Group pra-tax latartai aaa ta praflt/lasa (L) dhridtad (*000) Ac ma Sep 28 Jun 90 $6,195($3,101l) 5TE(—) ANA Motets Sep 28 Jun 90 $549($943) Causeway In* Sep ?8 Jun 90 $372($324) Gold Can Sep 28 Jun 90 59.321 ($7,742) Hanmau Sep 28 Jun 90 $684($1.798)
      265 words
    • 653 22 BONDS, LOANS WARRANTS CiC III Betort 26/4/93 1 warrant plus <3.09 cash. C— I) L— Cnii) III 2/10/89 to 20/10/94 1 warrant pta |1 a* or 1 warrant pta >1 nonwwl amount o< toon stock j; O— >ta tata Qmm 1 87 to 31/12/91 1.56 warrants plus >1.55 a*. Qm
      653 words
    • 119 22 RECORD HIGHS LOWS BT Composite Index ST Industrials Max 12 IJSre IK !2S? 160 J < 2 3 !2£l 1*1 tar 1098.68 (28/9/90) 2[f l mT 2 J2 Jf 1487 76 (WW) IS Si iJi!* a/i/S 1StS 1030.® (4/1/89) > SSL 3 S SF 1JS; «< 'ts 8KS JE* /"J-
      119 words
    • 571 22 Company Rights Issue Mean One tor two MSI 00 per An Issue of 40m Cumulative fedeematfc Preference Shares ol MSO 10 each at MSI per stare with 10m detachable TSK Baton Onfrtortour fa MS? 00 per share Cauwway to* Capital reduction scheme to reduce par value ol shares
      571 words
  • Page 22 Advertisements
    • 98 22 PROPERTY With the property market seeking direction in the wake of the Gulf crisis, an evaluation of its performance past, present and future is precisely what's needed right now. In BT's 28-page property and construction supplement, industry experts tackle tough questions like: What will the next 12 months bring? Which
      98 words

  • TOKYO STOCK EXCHANGE
    • 2209 23 Reuter TOKYO STOCKS closed sharply lower yesterday but off lows after rumours, later confirmed, that the Finance Ministry is considering new margin regulations spurred a partial retracement on heavy losses. In early afternoon, the Nikkei index fell below 20,000 for the first time
      Reuter  -  2,209 words
  • STOCK EXCHANGE OF HONGKONG
    • 2275 23 Reuter BARGAIN hunters, ignoring the sharp sell-off in Tokyo, took advantage of Hongkong's relative cheapness to lead a small rally in share prices, but brokers remained gloomy about Hongkong's long-term prospects. The Hang Seng Index climbed 30.44 points to end the day at
      Reuter  -  2,275 words

  • REGIONAL STOCK MARKETS
    • News Corp drags down Aussie stocks
      • 81 24 Close Pw*iow Oct I SYDNEY All Ordinaries Index 1386.2 1396.1 -9.9 All Industrials Index 2040.6 2047.4 -6.8 All Resources Index 873.2 884.5 -11.3 Turnover (million) 39.52 103.28 -63.76 BANGKOK SET Index 654.39 641.56 +12.83 Turnover (nearest '000) NA 27,232 JAKARTA Composite Index Closed 468.51 Turnover (nearest *000) 5,550 MANILA Composite
        81 words
      • 1031 24 AUSTRALIA'S share market closed weaker yesterday with a sharp fall in the price of media giant News Corp and a further plunge in the Japanese market driving local shares lower, brokers said. News Corp plunged A$ 1.00 to close at A 56.50, sending the media index hurtling 351.1 points
        1,031 words
      • 670 24 THAI stocks again closed higher yesterday on bargain hunting, but brokers say the rally is shaky because of the Gulf crisis and an uncertain outlook for the Thai economy. The SET Index gained 12.83 points at 654.39 on thin trading. Siam Cement rose 80 baht to 5,386 and Siam
        670 words
      • 472 24 PHILIPPINE share prices fell to a 41month low as Tokyo's Nikkei index dropped sharply and another bomb exploded in the capital, brokers said. The Manila Stock Exchange composite index fell 11.05 points to 535.50, breaching the 540.51 level set on April 20, 1987. The combined volume at the Manila
        472 words
      • 390 24 TAIWAN stocks closed at their lowest level since January 16, 1988, as the slumping Tokyo market and oil price concerns pulled the index down, dealers said. The weighted index lost 144.54 points, or 5.34 per cent, to finish at 2,560.47 compared with Thursday's 2,705.01 close. Turnover was thin at
        390 words
      • 355 24 NEW ZEALAND shares closed higher yesterday on low turnover, despite con- flicting leads given by New York's Friday rise and Tokyo's midday fall. The Barclays Index estimate ended 10.11 points higher at 1,479.22 on turnover of 3.96 million shares, worth NZS6.BS million. Lion Nathan rose 10 cents to
        355 words
      • 511 24 THE Jakarta stock market was dosed yesterday for a holiday marking the birthday of Prophet Muhammed. On Friday, turnover on the stock exchange jumped to S.SS million shares from Thursday's 2.66 million and the index rose to 468.51 from the previous 454.51. The market will reopen on today. Jakarta
        511 words
      • 687 24 Seoul Woa 080) Anam Electric Ind 161 A nam Ind 223 2 Ankuk Insu 222 Asia Cement 239 unch Asia Motors 196 Bank Of Che Ju 144 +1 Bank Of Pusan 112 +2 Bank Of Seoul 87 +1 Byuck San '82 Cheil Sugar 279 1 Cheil Synthe Text 224 I
        687 words
      • 39 24 THERE was no trading at the Bombay Stock Exchange yesterday to allow brokers to square up their end-of-the month accounts. The exchange will be dosed on Tuesday and Wednesday due to national holidays. Trading resumes on October 4.
        39 words
      • 299 24 la local carreacy la SS la US$ day year day year S day year vp 28 Index chaff chaage rhaagt chaage World 329.5 -1.4 -29.1 -1.4 -31.5 -1.5 -26.2 fEAFE 435.6 -1.9 -36.0 -1.7 -36.4 -1.8 -31.6 Europe 350.8 -1.8 -22.1 -1.6 -19.0 -1.7 -12.8 Pacific 703.9 -2.0 -44 4
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  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 412 25 FOREX MARKET REPORTS THE US dollar closed sharply lower across the board in Tokyo on the view that the US budget agreement makes it easier for the Federal Reserve to cut interest rates, 'possibly after yesterday's 'open market committee meeting, dealers
      412 words
    • 814 25  -  THE SAN^KANCIL By David Gabriel Using technical methods, the Sang Kancil weekly report tracks the profit/loss position of a $50,000 deposit, leveraged up to 10 times, for trading in a portfolio of deutschemarks, yen, sterling. Swiss francs, Nikkei Stock Index Futures and
      814 words
    • 1347 25 SIMEX EUHOOOUJUI Open High Low Sett Est Vol Op/lnt Vol Dcc 90 91.99 9108 9L99 9106 ***** ***** 8812 Mar 91 92.05 92.14 92.05 92.12 9800 8515 3366 Jun 91 91.97 92.06 91.97 92.02 2200 2304 705 Sep 91 91.76 91.87 91.76 91.83 520 597 167 Dec 91
      1,347 words
    • 386 25 Cross rates Oct 1 I USS SS MS Dm Yen SFr AS NZS USS 1.7615 2.7015 1.5525 137.60 0.5294 1.2855 1.2063 1.6173 SS 0.5677 1.5336 0.8814 0.7812 0.3005 0.7298 0.6848 0.9182 MS 0.3702 65.20 0.5747 0.5093 0.1960 0.4758 0.4465 0.5987 Dm 0.6441 1.1346 1.7401 88.63 0.3410 0.8280
      386 words
    • 557 25 Interbank rates S$ Bid Offer Overnight 6 1/4 6 1/2 1-month 6 9/16 6 11/16 2-month 6 9/16 6 11/16 3-month 6 9/16 6 11/16 Overnight mode: 6-1/2 L'S$ Bid Offer 7 days 8 1/16 8 3/16 1 month 8 1/16 8 3/16 2 months 8 1/16 8
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  • Page 25 Advertisements

  • COMMODITIES
    • 447 26 Reuter INDONESIA hopes it can stop importing sugar within two years, but trade sources, pointing to increasing demand, question whether self-sufficiency will ever become a reality. Imports this year are set at 400,000 tonnes of white sugar, unchanged from last year, and
      Reuter  -  447 words
    • 294 26 Reuter A RECORD world wheat harvest of 584 million tonnes is forecast in 1990/91 (July/June), up 45 million tonnes from last year, the International Wheat Council said. The IWC raised the wheat forecast made in its previous July market report by
      Reuter  -  294 words
    • 269 26 Reuter SOUTH AFRICA'S economy is partially cushioned from the impact of surging oil prices by the rise in gold and a synthetic fuel programme, a senior government official said. "We at least have some sort of a cushion, (because) the rise in oil
      Reuter  -  269 words
    • 531 26 REPORTS HONGKONG: Late buying after the European open pulled the gold price off its low of about US$397 after a day of thin trading, dealers said. "Heavy selling from Japanese and US traders...depressed gold in the morning, but buying was encouraged later after
      531 words
  • 1368 26 Rubber octi MS (fct iMi—) S cents/kg Noon Close Inl I KSS I'rumpt IJ7.5CVI58.50N 157.00/158.00N Inl I KSS Nov 90 157.00/157.50 156.50/157 OON IntlRSSDcc 156.50/157.00 156.00/156 SON Inl 2 KSS OH 151 50/153 50N 151.00/153.00N Inl 3 RSS OP I47.00/I4900N 146 50/148 50N Int 4 RSS OH I43.0Q/I45.00N 142.50/144
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  • Page 26 Advertisements
    • 556 26 NOTICES M THE MATTER OF THE COMPANIES ACT, CAP. SO BUAN HENG QOLOSIiTHS A JEWELLERS (PRIVATE) LUTED (In Voluntary Liquidation) At an Extraordinary General Meeting of BUAN HENG GOLDSMITHS A JEWELLERS (PRIVATE) LiAITED duty convened and held ai 1J Yb ChuKang Road, Singapore 1954 on tie 1 day of October
      556 words
    • 365 26 THE COMPANIES ACT, CHAPTER 50 Section 290(2)(b) NOTICE OF RESOLUTION NATSURANCE TRADING PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of Natsuranoe Trading Pte Ltd held at 13, Stockholm S ***** Sweden on the 26th day of September 1990, the following special resolutions were duly passed RESOLVED:
      365 words
    • 16 26 Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business 1 imcs.
      16 words

  • THE TRAVEL PAGE
    • 716 27 Ctty Fight ETA FKgM ETO City FVght ETA Flight ETD 1 Ma MmM GA893 1235 GA892 0035 I MH631 1620 GA886 2220 MH671 1800 MH643 1730 GA974 2135 I MH613 1850 MH614 1850 MH644 1900 rr— MH618 1945 AdelaMa Q F82 2200 MH617 2050 Aantariaai GA893
      716 words
    • 686 27  -  POSTCARD FROM CALIFORNIA By Lim Soon Neo SEEMS IT never rains in California the place is into its fourth year of drought and the waterfalls in the famous Yosemite National Park have practically dried up. So you think you want to give the Golden State
      686 words
    • 151 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.454 1.474 Canadian dollar 1.513 1.523 NZ dollar 1.079 I.I 119 Sterling pound 3.3100 3.330 US dollar 1.7570 1.7670 Local dollars to 100 units of foreign currency Austrian schilling 15.80
      151 words
    • 87 27 Duration Titk Venue Organiser Td Duration Title Venue Organiser Td Oct 1-12 Singapore Business Vancouver, Singapore *****87 Oct 12-16 Tokyo Pack *90 Harumi, International PO Box 193 Development Montreal, Manufacturers' Tokyo Information Japan Mission to Canada Calgary ft Association Centre Toronto Oct 14-18 Health Care Saudi Arabia
      87 words
  • Page 27 Advertisements
    • 51 27 I. Ilu perm>ii vhiiu'c c\cn likml.iv. I f I Ihurnlav. VUurtl.u im!Vinilj\. I c.nini;( hin^i I I I II \irp«>rt it hmirx mil .lrrnini: it I ."^lll J J 1 X. 1 Intlrn.itittn.il \irport the tolliHunc tl.n (S) A Hi: i: \i is <>i I-' i; i.sh A 11: Air
      51 words
    • 36 27 SCHOOL GIRL NO MORE Maizurah, Singapore's J H teen princess of pop, sheds her school girl image. She talks to reporter Alfonso Chan about her The latest news and much more. From lunch-time. Monday to Saturday,
      36 words
  • Page 27 Miscellaneous
    • 196 27 23 Undressed as flustered brides do (8) 26 Arrangement for viewing (9) strange to half of the 28 Sum for a child, a pupil band (5) (5) 7 Makes a nice pet so 29 European quarter long-suffering (8) and everyone with |2 Live in apparent luxury YESTERDAY'S SOLUTION nothing on!
      196 words
    • 192 27 Singapore Outlook: Showers over many areas in the morning. Report: Max temp. 30.7 assoc humidity 62% min temp. 24.3* c assoc humidity 92% hrs of sunshine 4.30 rainfall in mm Trace rainfall this mth Trace rainy days this mth 0 World Forecast Asia-Pacific Hi/Lo* Cond. Auckland 17/10 Fair Bangkok 33/25
      192 words
    • 48 27 EHRJPBEHSIHWIPi coodn'T n>Be. Ml Dom"t<nou» vr voo !^L_ spn£.smp* is n?&j^OM....A Me. crkt-v, —/vou p*d v ctv coMe ftND go i pucase. looking ovcr swooidsj?) fccnw 1/ ™>MUTfe--■'.: \l vtacpugt.1/ ~L v f— I l u 1/ |j U;i='^>a|^ x t —c tvmm tramdamd eg Lm. hp-hwv. t
      48 words

  • 392 28 Reuter JAPANESE Finance Minister Ryutaro Hashimoto attempted to shore up Tokyo's plunging stock market with soothing suggestions of easier credit yesterday as share prices hit their lowest levels since since February 1987. But brokers greeted his remarks with scepticism. "The politicians at
    Reuter  -  392 words
  • 193 28 AFP A SUBSIDIARY of the Kuwait Petroleum Corp (KPC) will proceed with a plan to open more than 100 petrol stations in Thailand by the end of 1991 in spite of Iraq's occupation of Kuwait. Michael Bain, director of Bangkok-based
    AFP  -  193 words
  • 345 28  - Exports to slow but will stay the course bank By Shoeb Kagda SINGAPORE'S export momentum, though expected to slacken somewhat, is unlikely to reverse its course over the next six months despite an economic slowdown in the industrial countries, according to a report released by DBS Bank yesterday. For 1990,
    Source: DBS Bank  -  345 words
  • 270 28  -  By David Chew IN SPITE OF adverse market conditions, regional specialist broker Crosby Securities Ltd successfully launched a US$l5 million offshore fund last week to invest in unlisted and listed companies in Thailand. Shares in the Thai Development Capital Fund, which is listed on
    270 words
  • 635 28  -  The Bottom Line KENNETH JAMES KENNETH JAMES The writer is a senior correspondent at BT THE WAY Singapore uses its national reserves is likely to change profoundly in the near future. In the past, the emphasis has been on accumulating, and then on
    635 words
  • Page 28 Advertisements
    • 71 28 PIAG El JQAILUER EN HOREOGERIE DEPVIS lffl GENEVE r jjwjgl PRIME INDUSTRIAL PROPERTY FOR SALE 10QE PASIR PANJANG ROAD AAA LOCATION Strategically located within jgk Quick access to the wharf. Freehold Title, lb be sold with IP r C) Situated between Getz Corporation building and Boustead Marketing Part 3/Part 4
      71 words
    • 169 28 PiageT IQAILLIER EN HORUOGERIE DEPIIISIB74 GEN&E SOUTH fAST ASIA u ETHIBITIOn NICOnFEftEnCEOOIf The first regional Building Services Exhibition and Conference. TechnotogicaJfy exciting! On show will be the industry's latest technological developments. View the state-of-the-art M&E systems airconditwning and ventilation, fire protection, eiectricai distribution systems, maintenance materials and systems, vertical transportation,
      169 words

  • Shipping Times
    • 404 29  -  By A J Leow LOCAL building contractor Low Hua Kin is venturing into the bonded warehousing business barely two months after his departure from Guthrie GTS. The new venture, Zenecon Bonded Warehouse (ZBW), was formed in late August and comprises four partners Mr
      404 words
    • 294 29 THAILAND's Shinawatra Computer Co wants to link up with a European or US telecommunications partner in its bid for a communications satellite for government and private use, said company chairman Thaksin Shinawatra. Mr Thaksin told The Nation that Singapore Telecom had already
      294 words
    • 74 29 Bernama A MARITIME expert has urged Sarawak entrepreneurs to venture into the business of coastal tanker service which he said offers vast opportunities. Captain Raphael Chia of Sarawak Shell Bhd (SSB) said only 6 per cent of the 50 coastal tankers in operation in the country was owned
      Bernama  -  74 words
    • 419 29  -  By Selva Kumar MR SIA YONG has been elected the new chairman of the Federation of Asean Shippers Council (FASC). This was disclosed by the Singapore National Shippers' Council after the FASC's 13th annual meeting in Seoul last weekend. It is understood
      419 words
    • 211 29 THAILAND plans to have more lighters and new inland container depots (ICDs) to service its shipping trade. Sathien Vongwichien, deputy permanent secretary for water transport, said a committee will be appointed to take charge of formulating general policies for both plans. The committee
      211 words
    • 337 29  -  By Selva Kumar SINGAPORE towage and salvage company Semco has won the first salvage contract under the new Lloyds Open Form (LOF) 90, which stipulates payment on a "no cure, no pay" basis. Semco Salvage Marine, a wholly-owned subsidiary of Sembawang
      337 words
    • 189 29 Bernama AEROFLOT, the Soviet airline, will sign an agreement with Malaysia Airlines (MAS) in Kuala Lumpur on Oct 11 to lease two of its aircraft to MAS, Aeroflot di-rector-general for Uzbekistan, G M Rafikov, said. The aircraft, an Antonov and an Uyushin 176,
      Bernama  -  189 words
    • 345 29 AIR HONGKONG plans to expand its freight and mailcarrying services to a staggering 63 cities in four continents, said the South China Morning Post. The airline has applied to Hongkong's Air Transport Licensing Authority (ATLA). Cathay Pacific is expected to
      345 words
    • NEWS SUMMARY
      • 86 29 MEMBER lilies of the AsiaNorth America Eastbound Rate Agreement (Altera) have decided not to increase bunker surcharges for October because of lower bunker prices than expected. It will maintain the surcharge structure implemented since last month, which is US$llO per 40-foot container, US$B5 per 20-ft container
        86 words
      • 36 29 HIGHER fuel prices, which have left the' airlines reeling, have scartefy been noticed by companies that fly business jets. Saks of these corporate status symbols are surprisingly steady during economic declines. Page 2
        36 words
      • 39 29 THE SKIES have turned distinctly unfriendly for the US airline industry as higher jet fuel prices and a worsening economy have some analysts predicting the worst yearly financial performance ever Back Page
        39 words
      • 43 29 THE New Zealand Harbour Workers' Union has withdrawn a strike notice after agreeing on an award for wages and conditions with port employers based on a govern-ment-union pact, NZ Harbour Workers' spokesman Eddie Dickson said Back Page
        43 words
      • 46 29 THE Hongkong government is expected to miss its mid-1997 deadline for opening Chek Lap Kok airport, with the project being completed after the July 1 hand over of sovereignity to Beijing, said the South China Morning Post. Back Page
        46 words
      • 21 29 INDONESIA should reduce the number of trade documents required for import and export activities. Back Page
        21 words
    • LOG BOOK
      • 111 30 ALL 17 crew members of a Panama-registered oil tanker went missing after their vessel sank following a collision with another ship in Indonesian waters, a maritime rescue official said on Sunday. The Blue Bird 1, carrying 1,300 tonnes of liquefied ammonia, sank last Tuesday
        111 words
      • 97 30 THE US Federal government will rake in US$l.3 billion in 1991 and US$ll.B billion in revenues over five years from increased aviation taxes if its plan to reduce the budget deficit is approved. The budget agreement reached by President George Bush and Congressional leaders will
        97 words
      • 60 30 AMERICAN Telephone and Telegraph Co (AT&T) has introduced international videoconferencing between the United States and Soviet Union. AT&T said the service will transmit sound and pictures between facilities in a company's private room or more than 100 publicly available rooms in 18 countries. The company said a
        60 words
      • 83 30 THE BOARD of Swissair last Friday named Hannes Goetz as the airline's future president, a company spokesman said. Mr Goetz, 56, currently a member of the board of engineering concern Georg Fischer, will take over from current Swissair president Armin Baltensweiler in April 1992, when the latter
        83 words
      • 61 30 ARMED sea pirates commandeered a ferry, killed eight passengers and tossed their bodies into a river, the Sangbad newspaper reported on Sunday. The ferry with 90 passengers on board was travelling from the southern port of Chittagong to the island town of Sandwip last Thursday when
        61 words
      • 85 30 SWEDEN and the United States have given new engines and wagons to the Tanzania-Zambia railway linking landlocked Zambia and Tanzania, railway officials said. The United States Agency for International Development gave eight engines worth US$l4 million and Sweden donated 268 wagons and will give 82
        85 words
    • Article, Illustration
      982 30 Higher fuel prices, which have left the airlines reeling, nave scarcely been noticed by companies that fly business jets. Sales of these corporate status symbols are surprisingly steady during economic declines. NYT PEOPLE who sell corporate jets can talk a transcontinental streak about the security, convenience and flexibility
      NYT  -  982 words
    • 915 30 Oct 4-5: Seminar on Letter of Credit and Documentary Collection in International Trade, orSised by Facs World Pte Ltd, Iton Hotel. For further enquires call *****71. Oct 5-7: 35th Annual Convention and Trade Exhibition of the International Ship Suppliers' Association at the Pan Pacific Hotel, organised by the
      915 words
    • 967 31 Page Col I 1 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 5 ASCL 5 1 ANL 3 1/2 Avant Shpg Lines 6 2/3 I Bait Canada Line 7 4/5 Bait Orient
      967 words
    • 12068 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
      12,068 words
    • 3281 43 BC Container line NV: Belsin Shpg Agencies Pte Ltd (SyMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ud (SyAccord Contr Une (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ud (S) Ahrenkiel Liner Service: Kim Shpg A Trdg (S). Albntroa Sen-Air Service: Frata Shpg Pte
      3,281 words
    • 255 43 Abacus ouriers Tel: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. A jail mill L I —L. I II m Airoorne rrttgni v ofporsnon Tel: 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Unk
      255 words
    • 1490 43 Abex Express Freight Td: 542-7171. Fax: *****84. Actinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aeroiink Freight Internntioaal Td: 545-8033. Fax: *****05. Td:'s42-5911. Fax: *****18. Ak Cargo Novo Express Td: 542-5454. Fax: *****06. Ak Express International Td: 542-7666. Fax: *****74, *****50. Ak Market Express
      1,490 words
    • 2988 44 ARGENTINA Buenos Aires: Access channel to the port opened last week for vessels up to 27 ft. draft; Sep 22 draft reduced to 23 ft; the vessel grounded at km 7.5 continues to partly obstruct the channel and dredgers arc working to re-float; port continues almost full. San
      2,988 words
    • 686 44 SHIP SALES TANKER RATES Reuter, AFP SECONHAND tonnage brokers reported the sale of the tweendeckers Alioth (10,480 long dwt and built 1978), the Atair (10,587 long dwt and built 1978), and Alcor (10,480 long dwt and built 1977), to South American buyers for an enbloc price in the region of
      Reuter,; AFP  -  686 words
    • 526 44 ARRIVALS DEPARTURES Of Flight Type ETA From Op Flight Type ETD Ta TODAY TOOAY KAL KE697 B747F 0155 SEL FDX FM66 B747F 0200 BKK/TPE/ NCA KZ205 B747F 0215 NRT NRT/ANC/ JAL JL6I7 B747F 0345 NRT ORD/LCK/ CLX CV797I B747F 2115 LUX/DXB/KUL BOS SIA SQ802 B747F 0230 SYD/AKL
      526 words
    • 289 44 CRUISE FERRY SCHEDULES CRUISE SHIPS An Pep N—e of Vcwei ETA ETD Port Age* Ports of Cai» OCTOBER 02 02 Song of Flower 0800 2200 Neptune Agencies Stn-Senbu-Semarang-Bali- Semarang-Seribu-Sin 03 03 Royal Viking Sea 1100 2359 Barwil Agencies Sin-Bangkok-Sin 09 09 Royal Viking Sea 0800 1800 Barwil Agencies Sin-Kriang-Bttir-Madras-Colombo-Bombay 14
      289 words
    • SHIPS IN PORT
      • 643 45 VhmI Kappd Wfca Contort M 89 tm Shutad Kola Ekspres Mudansfcan Murrayeveret Sg Of flower Tapwta Xjnhcng Bayswaterll8 Con Gassan East Crystal Ems Pcess Frota S'pore Karabeveret Kota Bertan Seaspac 1 Baft K15 K33 K31 K3Q K29 K36 C09 K32 K34 K33 K29 K31 C10 K29 K31
        643 words
      • 1267 45 RECEIVING OF EXPORT Fa CONTAINERS AND La CARGO Record Boato*/Batanct 1Mb Sty Voy No Etb/Btr Mod From To From lnhR 04/1500 3 02/0700 02/1159 02/1400 lotus w 4 02/1200 02/1459 02/1700 ii 74A 04/0700 3 02/0700 02/1159 02/1400 M SJianwh 4 02/1200 02/1459 02/1700 Hn, 130N 02/2000 1
        1,267 words
      • 375 45 Penanf Port Berth on Od 1: 1: Anangel Honour 2; Continent 1; 3: Pelego Iso; 4: Dad; 5 4 6: nil. BCT: Bl: Abu Samah; B2: Norman Manner; l/B: Bakon I. VOIP; Ussurtysk. Wharf nil Dm on Oct 3: Ragna, Swadaya, Gulf Bndge. Hakko Cardicid, Trans Fjord,
        375 words
      • 1068 45 THE DRY cargo freight on Friday market v saw unchanged to easier rates with overall C sentiment still bearish, traders said. b Grain fixtures included a 54,000 tonne cargo for second-half Oct from US North d Pacific to Taiwan at an easier U5510.25. ti In coal, an unchanged
        1,068 words
    • 410 46 Reuter THE SKIES have turned distinctly unfriendly for the US airline industry as higher jet fuel prices and a worsening economy have some analysts predicting the worst yearly financial performance ever. Unless jet fuel prices suddenly retrace a two-month surge, "1990 could
      Reuter  -  410 words
    • 247 46 Reuter THE New Zealand Harbour Workers' Union has withdrawn a strike notice after agreeing on an award for wages and conditions with port employers based on a government-union pact, NZ Harbour Workers' spokesman Eddie Dickson said. Harbour workers throughout the country will receive a 2
      Reuter  -  247 words
    • 106 46 INDONESIA should reduce the number of trade documents required for import and export activities. Mr R N Shivpuri, the chief technical advisor of Unctad/Gatt, said the large number of documents needed for import and export activities had cost Indonesia businessmen millions of dollars.
      106 words
    • 387 46 THE Hongkong government 1 is expected to miss its mid- J 1997 deadline for opening i Chek Lap Kok airport, with the project being completed after the July 1 hand over of i sovereignity to Beijing, the I South China Morning Post
      387 words
  • Page 29 Advertisements
    • 143 29 |||jjj|||||M ANRO initiated the first regular |M container shipping service between Australia and South-East Asia back !sBlMWll^B''' v t fiTi ,n 1977. m t w A m I n the 13 years since, we've seen 3 lot °f competitors come. And go. Meanwhile, ANRO has grown to 11 *3 I-HJ
      143 words
    • 68 29 SSWEE HBVG METAL 00 PTE LTD UTUMmKWKWKHEiaUTafXMMniMHCn. TEL: Ml 9*66 (3 Ira* mVU MtWI MJ4OWM •MTMH OCSKM NOVATION «MM OUMUTY DWMBMM MrFonwdm 15 Mr Fntf* ScM* 1« Contamr SdaMi 17 Cora S«*cas 15 Crain I f«iy xtoMn 16 O+fm** 17 tatatoMwrtian —3 Port Contorts II Sk** Afrts -15 Stag* Qmk
      68 words

  • Page 30 Advertisements
    • 104 30 FOR WHO, WHAT, WHERE AHD WHEH ft- 0 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
      104 words
    • 92 30 FOR BITS AND BYTES^ Geared to keep the busy business executive abreast of new technologies he can exploit to full advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local news,
      92 words

  • Page 31 Advertisements
    • 1859 31 JARDINE SHIPPING AGENCIES \%llf# 200 Cantonnwnt Road #12-05 Southpwnt. Sinpporo 0208 \lllFr id 221 ml telex no its If ffRBHI TERMIKAL/CfS T«l *****18 220 CvffifJ S1»»M SHIPPING AGENCIES SON BMa f 1. |7/) 1 1 |ih; Stiivk-t* inTOmffl P.GUOAN6 TEL *****2/3 TELEX NO MA***** Uv.chcolcd to < rvH t iMUUjgI
      1,859 words
    • 45 31 Lines and motlcm r*pr«MMt«d by Mtmbers of tiM Registry af Accredited Shipping Agents, Singapore National SMpping Anaclitkn. I For advertising and circulation enquiries, contact Business Times Tel 737-8800. Fax 235-9320 Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
      45 words
    • 1980 31 Veaeel Voy ETA I ETD "Port 'Penang 1 DESTINATIONS Singapore Keisng this «Mk Maran M 9006 Closing Time Fwdif by IBffIHJHS 9B2Sj^9BCxX&23E2SQ3Sn^E[^2sZ^^^^^^H CY 9*lo 0400 MRS M Fareo 4 CFS a/10 2360 HAS M Tauro OAK LOB MOO MEM ATL MIA CMS BAL PML NYC MOW "J" MAREN M 9008
      1,980 words

  • Page 32 Advertisements
    • 1202 32 I— r T ROTTERDAM/ VOY NO S PORE P. KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LS HAVRE KATSURAGI 02/517 4/10 29/10 23/10 25/10 22/10 28/10 BENALOER 97/522 7/10 24/10 27/10 29/10 HAMBURG EXPRESS 98/521 11/10 5/10 30/10 1/11 29/10 4/11 TOKYO BAY 01/525 14/10 31/10 2/11 4/11 5/11 7/11 KOWLOON BAY
      1,202 words
    • 515 32 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT IRINI 2/11 16/11 18/11 23/11 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA. PAGO PAGO. APIA A NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP IRINI 2/11 5/12 6/12 9/12 Alto acctptinf Ctrfo to CjIUo (Poru) via Vilpa Agents: SINGAPORE: *****58 VS. JAYA:
      515 words
    • 1489 32 MR.!! REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE 5 VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LHA 4 (VIA (VIA (VIA a ALE) ROT) HAM) n V^.1 9 0 3 X IW 22,10 26/10 30 10 29/10 31/10 01/11 m ££2 26/10 29,10 31/10 02(11 05 11
      1,489 words

  • Page 33 Advertisements
    • 1736 33 SjgSteamers Maritime Holdings Ltd I P&O ttTMK STRAITS SHIPPING TOk Containers BHHHT3Mnsn!Bi!fWßriif!iHi!BßWiiiiinHi ■■lllliyilßjßlllllßlAlllHHßllillll ■■■■■•■•iiyHIBIIIlllllilllBBiiHHM Voy No P Klanf Sport S'too H'bur| B'havm IT dam Lett SAILS MTSUftACI 08/517 ♦TOfrOl 10 ot,lo 29/10 23/10 WlO a/10 21/10 CAI,CO jK MUXR 97/522 +TOO-0110 07/10 24/10 26,10 21/10 RAJAH BROOKE V2O( Muara, Lib.
      1,736 words
    • 1666 33 TO: EUROPE TQ; FAR EAST SP LN ROM HAM B'HVN FIX SPORE HK KAO KOB BU HANJIN OAKLAND Old* 7/10 24/10 25/10 20/10 WlO **10 NANJIN HAMBURG OB2C 11/10 15/10 11/10 I*lo CHOYANG GLORY 001W 13/10 31/10 1/11 2/11 4/11 5/11 HANJIN ROTTERDAM OIK 15/10 11/10 14/10 22/10 25/10 CHOYANG
      1,666 words
    • 49 33 SEMJM SMFPWG PTt Ul 20-09, Tang Enfl »«1 C«B St. S por» 0104. Tak *****12. *****13, *****34. JBMH Tate*. BS 7*266 fan *****24 WEEKLY/REGULAR SERVICE TO EAST/WEST M'SIA SENG LEONG 2/3 OCT KUCHING, SIBU HAMIDAH J/6 OCT SIBU, KUCHING SRI ARIKA 3/4 OCT PENAIIG TRANSBUIK 10/11 OCT P. KELANG
      49 words
    • 395 33 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC CHUN ASIAN TRADER KUAN STAR VOY. NO 12 2 US Sport 2/10 »/10 11/10 P Kelang 4/10 11/10 14/10 P*n»nf Honf Konf 17/10 Yokohamj 24/10 Nifoyi 26/10 Osaka Sontoku Tokyo 23/10 Hochiminh I 'For Discharging Only NOTE: ALSO CALLING
      395 words

  • Page 34 Advertisements
    • 646 34 CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE S PORE ROAM ADAM H BURG BREMCN ANTWERP MATARAM.27WB I* Port Vll 1«U Iftll 20(11 A VESSEL 10-13/10 14/11 I*ll 22J11 2*ll SRIWIJAt A3OWB lt-Wll IW2 21/12 25/12 30/12 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO 9iAt«l to hduDTwnt Atwcoaptfcig cargo to
      646 words
    • 751 34 GO HANJIN SHIPPING FULL CONTAINER SERVICE IS'port I LtHavrt II dam H'bur| B luvm FXmn FEEDER VSL SIN LINE HAUL LAX OAK 6/10 I 24/10 25/10 26/10 21/10 29/10 HANJIN HAMBURG 00? l 12/10 H. POHANG 103E 2/11 4/U 13/10 I 31/10 1/11 2/11 4/11 5,11 HANJIN ROTTERDAM 010E 15/
      751 words
    • 1334 34 —ifi—i —i IPKL SCP MM OS KLG fUS NKT OSK SM2 TYO LAX SEC PTI CMS SAL NYC LHV AN* ROM FU NK SV I CLEAMY RE-OO 3/10 4/10 J/10 MflO 12/lt IVIO 17/10 ltylt ZLflt 22/10 2/11 14/11 11/11 16/11 27/11 21/11 21/11 XU 2/12 25/12 I 10/10 u/io
      1,334 words

  • Page 35 Advertisements
    • 1437 35 ~~NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 ss AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE .*****22 DOCUMENTATION DEPT: *****44/ *****14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA rieoft K.L. (03) *****33, P.Ketang-(03) *****87,
      1,437 words
    • 309 35 I ANTWERP 5/10 IKAOHSIUNG 7/10 I COLOMBO 5/10 BREMEN 5/10 7/in BOMBAY 5/10 HAMBURG 5/10 KEELUNG 7/10 KARACHI 6/10 LEHAVE/LONDON 5/10 HONG KONG 8/10 W FELIXSTOWE 5/10 CHITTAGONG 4/10 GENOA 7/10 MANILA 5/10 CALCUTTA 5/10 BUSAN nHH BANGKOK 4/10 EZHHII JAKARTA 7/10 ITOKYO 4/10 I PORT KELANG 5/10 MELBOURNE 710
      309 words
    • 156 35 B' SCHENKER Stones in 5 Continents (WEEKLY LCL/FCL CONSOL SERVICES TO/FROM GOTHENBURG SWEDEN) SCHENKER V OCT 6 OCT 8 OCT 29 SCHENKER I OCT 13 OCT 15 NOV 5 SCHENKER II OCT 20 OCT 22 NOV 12 SCHENKER 111 OCT 27 OCT 29 NOV 19 SWEDEN I OCT 4 OCT
      156 words
    • 1250 35 &SINSOV w 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 EASTBOUND LOADING FOR WESTBOUND rasas yQTACt |yo«t Imamila wnowt wiMt swwt hoakc mute rmmi numrr wr www t msiitv
      1,250 words

  • Page 36 Advertisements
    • 1579 36 K line KAWASAKI LTD. EXPORT N. AMERICA PACIFIC SOUTH-WEST IMPORT N. AMERICA PACIFIC SOUTH-WEST 1 FIEOC* wssa VOY IHOO TK/PNC SGP MOTHIR *tSSf L VO* LB OAK cm NYC 111 "OTMW «ssa *OY NOUS LB OAK TKY FUDCR «S*L VOY TKY fWI MEDITERRANEA I 3,10 4/10 6,10 MACKINAC BRIOGE 40
      1,579 words
    • 1036 36 PHM-OMNT UN€S PTC LTD 108 ROBINSON ROAD >07-00 GMG BUILDING SINGAPORE 0106 TEL: *****22/*****69/*****00 TELEX: RS ***** PHILI FAX *****76/*****38 BY AIR, LAND OR SEA SflfcaigF WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 6 OCT MONTREAL, OTTAWA. TORONTO, 5 OCT DUBAI, OAMMAN, SHARJAH, DOHA,
      1,036 words

  • Page 37 Advertisements
    • 1621 37 Dlf PACIFIC INTERNATIONAL UNES (PTE) LTD J Jfcp PIL BuHding, 140 Cecil Street KKXKX), Singapore 0106. Vessel voy sin jkt sin vessel voy SIN skk sin OOWA 6788 VlO 7/10 KOTA NAOA SIN 3/10 0/10 10/10 EOCN <032 4710 0/10 11/10 PEGASUS PIONEER 101N 3/10 0/10 10/10 OCLTA MAS 17S8
      1,621 words
    • 1036 37 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208 Telex: RS ***** VESSEL |VOY SPORE P.KLANG SHAMPTONI HAMBURG B'HAVEN ROAM L'HAVRE Katsuragi* 02/517 4/10 29/10 23/10 25/10 22/10 28/10 Benaktor+ 97/522 7/10 Via Tot) 24/10 27/10 29/10 Hamburg Express 98/521 11/10 5/11 30/10
      1,036 words
    • 51 37 rni JORDAN FAR EAFT LINE S.X. REGULAR MONTHLY BREAKBULK SERVICE TO REO SEA PORTS Vmd/Voy iTGMANI ISANDAKAN SIN FOR FORTUNE ADA i/11 5/11 10/11 JEDOA?' JFOOBW AQABA LOAD FM E. M'SIA/INDONESIAN PORTS SUBJECT TO INDUCEMENT. 6en«ral Agents; s BEN LINE AGENCIES (S) PTE LTD. Tel: *****22 Fax: *****63 Tlx: R*****0/
      51 words
    • 317 37 M MYANMA W FIVE STAR LINE (Myanmar National Una) Loading for Yangon (Rangoon) Spore P.KIf Ptn P®* MAGWAY VII* SM In ta PI AVA VIO4W tafl PATHEIN VIO6W 7/W OCT 11/12 OCT PAGAN VI62W 12/11 OCT MYOMAYWA VI3IW WK OCT THIBAHKUHE (A —vricm o«Awdrwr Wk BMpplNg) YJF SEMI-CONTAINER SERVICE HEAVYLIPTCAPAMIUTV
      317 words



  • Page 40 Advertisements
    • 771 40 111^ INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX MV ROM ANT MSG RST ARABIAN SEN WFO43 04/10 26/10 27/10 28/10 30/10 1/U W. PIECK tm 8/M 1/11 3/11 2/11 4/li 7/11 GERMAN SEN WFO44 10/10 2/11 1/11 4/11 W1 *U PARIS SEN WFO4C 16/10 0/U
      771 words
    • 1174 40 "qbsBET CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 MR CMttUOATM SERVICES TR: FAR EAST PORT KELANG 5/10 12/10 MANILA 6/10 13/10 PENANG 5/10 12/10 BUSAN 5/10 10/10 BANGKOK 7/10 11/10 TOKYO 11/10 18/10 HONG KONG 5/10 8/10 YOKOHAMA 11/10 18/10 KAOHSIUNG 7/10 14/10 KOBE 10/10 18/10 KEELUNG 7/10 14/10 JAKARTA
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    • 321 40 LOADING FOB LOADING FOB BUENOS AIRES VCSSU ni cao DM BAIMS WnDCO *10 JTJ VIT PAOUA c isakl ant mtm 4ru am iw- on VJMMJ ««n«£m j*ii vu viu ayu in on V.MBJ DISCHARGING FM BRAZIL ONLY MHIm HK KU wjm m NO m ■ostwin i iuv sni mi urn
      321 words
    • 1179 40 *2? CHINA OCEAN SHIPPING COMPANY TEL.- mm 1 "SVS&WSe'ST"' full container liner service mot K»co«» CR MO: **********0 M CABLE: COSTARLINE General Agents: OOITAR SHIPPING PTE LTD SCP fLX BOT HAM AMT DKK VtSStL,\OT fu ROT HAM ANT WU KP MEALTMY BIVEB/lSa M/M 28/U J** BIAI 801 M "W* B|B
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  • Page 41 Advertisements
    • 844 41 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! z ETA USA II PI Destns 6/10. 13/10 <•1 Z EUROPE all Ports 6/10, 13/10 Z BANGKOK 6/10, 9/10 HONGKONG/CHINA 6/10, 9/10 SYD, MEL, ADEL, BRIS 8/10, 16/10 FREMANTLE 4/10, 11/10 ZZ MANILA 5/10, 12/10 PKLG/PENANG 5/10, 10/10 m m z'
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    • 246 41 RICHFIELD MARINE AGENCIES (S) PTE LTD a TEL: *****33 (12 Llnaa) m FAX: *****15/*****03 IfTfj TELEX: RS ***** RISHIP (3 Llnaa) PtS ETHIOPIAN SNIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOV ETA I LOADING FO« SPO«£ NETSANET 20WB 30/10 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA ABYOT ?3WB
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    • 833 41 MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA 4 THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS > WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN
      833 words
    • 623 41 BANGKOK CEBU/MANILA aiIPORE IAMKOK I vom [ytr rrott tau gg NANTA BHUM WW Nod 3/10 Sat 0/10 KITI BHUM 4C5 5/10 11/10 13/ M JtWIIWK 2SN Mod 3/10 Sat 0/10 SO ORIENT 41R 12/10 17/ M 19/10 SIRI BWUM# 465N Fri 5/10 Mon 0/10 Km BHUM 42S 19/10 74/10 76/10
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    • 313 41 WE HAVE GOT THE FASTEST TRANSIT TIME TO AUSTRALIA! NEXT VESSEL: E. hudig V 257 ETA 19/10/90 Only 7 days to Fremantle! Only 12 days to Melbourne! Only 16 days to Sydney! FROM USA/CANADA/EUROPE/MEDITERRANEAN Vd Hf» Fix Mm AM Fo*/M»c lt» SportI HUDIG W 21/9 IV9 14/9 28/S »/T 1»10
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  • Page 42 Advertisements
    • 1095 42 MAC-NELS SINGAPORE [export TEL.- ?20?«J mum nt MIMM] 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 I f\v\" I J BAHRU TEL: (07) *****2 SIBU TEL (084) *****2 LABUAN TEL: (087) *****9 w
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    • 555 42 blue star line SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF. CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIV AUCK LYT MULBERA 17$ 11 Oct 21 Oct Via NPL 9 Oct
      555 words
    • 1161 42 jm 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 Iwt eta Inn mm m eta liot KIM SOON LI 39/90E 6 OCT
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  • Page 44 Advertisements
    • 64 44 T«l: *****27 Fax: *****30 1 Tlx: RS ***** INETCO r.H HQ. VESSEL VOY WO. SIN MAA CAL .ALCOR 130N 02/10 09/10 >TKJER CREEK 106CNB 02/10 10/10 «|R)VIK 131N 09/10 16/10 niGER RIVER 107CNB 13/10 19/10 *WCOR 132N 14/10 21/10 >GER CREEK 108CNB |__ta/10_J 2<"o M A anagers /l/l list V
      64 words
    • 84 44 55 lUkuH/S.la. breakbulk service jar VESSEL KRISSA SINGAPORE 8/10/90 Okieptt Bulk Line KKU SIN PKL DESTN ACROPOLIS/***** Sid Sid Sid FLU/ANT/UK/NTS SINGA SKY/***** Sid 4/9 FLU/ANT/UK/BFS BLUEBELL SUSANNAH/***** 8/10 10/10FLU/ANT/UK(HUL) REGULAR CONVENTIONAL SERVICE TO CHINA Vessel S pore P Gudang Pen UMdmg For DAflt In Pt HUANGPU OA DONG HAI
      84 words
    • 70 44 c VENIJSVntATIJNES RORO CONTAINER SERVICEjHEAVV lift 65 VESSEL SIN BBY VESSEL SIN BKK ALGENIB VIE/90 11/10 14/10 ALGENIB V2W/90 17/10 25/10 ALGENIB V3E/90 14/11 GENERAL AGENTS: SWISS SHIPPING PTE LTD. TEL: *****88 (8 LINES) TLX: RS ***** SSFA FAX: *****93 VESSEL VOY NO JKT SIN BRISB SYD MELB WATERMOLEN 103
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  • Page 45 Miscellaneous
    • 406 45 TIDES AND WEATHER l" TODAY'S TIDES (height in metres) HOW *****100 0200 0300 0400 0500 0600 0700 MOO 0900 **********0013M1M015* IMOI7M UMI9M 2MI ZM 22M Z3M K 20 1.4 1.0 0.7 05 06 08 U 19 2.3 2.5 2.4 U 1.7 12 1.0 OJ 09 12 U U 2.3J M
      406 words

  • Page 46 Advertisements
    • 300 46 CHARTPOINT Every Saturday in Business Times VSL VOY ETA SIN ETA P.PNH, SENTIASA 12/90 29/09 15/10 TONG HENG 02/90 30/09 12/10 SPRING STAR 09/90 06/10 17/10 For Enquiries Call CALVIN HO Uj§\ HIAP HOE SHPPMG ENTERPRISE I 9/If J TEL- *****66 FAX: *****10 \Jflls TLX RS ***** HHSHPG PT PELAYARAN.
      300 words
    • 696 46 4hyundoi| MERCHANT MARINE CO. LTD. EASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHT FROM PSW VOY IBH OAK SEA HKC SIN LALANDIA 3S£ 6/10 llflO 29/10 31/10 03/11 02/11 HYUNDAI COMMANDER 19* 3/09 6/09 9/09 27/09 7flo HYUNDAI CHALLENGER 37E 12/10 11/10 5/11
      696 words
    • 564 46 All 52T MARINE IaSHiHO CONTAINER LASHING EQUIPMENT TEL: *****92 TLX: RS ***** ALLASH FAX: *****61 \fmtm from |Voy HKlHtt larttwr V«MI Itay I SIN I LAX lOAK IHOU IDAL ICHI/ I NOR |HEM I NYcl ■rifyu* CM. runga ***** v«b a/s alligator atxir V3K» ho mH am aw wu n/n
      564 words