The Business Times, 12 October 1990

Total Pages: 44
1 44 The Business Times
  • 10 1 Business Times MCI (P) 170/12/89 Friday October 12 1990 75*
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  • NEWS SUMMARY
    • 60 1 HOPING to jump-start a market still languishing in the shadow of the October 1987 crash, the Hongkong Futures Exchange yesterday said it will slash a HKS3O (US$3.B5) levy on index futures trades to HKSS from Oct 15. The announcement, which was
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    • 30 1 MARUBENI Corporation, which has shifted its rubber operations from New York and Tokyo to Singapore, hopes to make the Republic its worldwide rubber trading centre Page 2
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    • 14 1 TWO local companies have unveiled multi-million-dollar expansion plans Page 2
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    • 26 1 THE WORLD BANK, IMF and other, creditors are insisting that Manila initiate delayed reforms to cope with an economic crisis Page 8
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    • 32 1 ANOTHER of Australia's ministers has joined Premier Bob Hawke and Treasurer Paul Keating in agreeing that there is littie-acope for a cut in interest rates. Page 8
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    • 35 1 THE US House of Representatives was unsuccessful in its bid to override President Bush's veto of a Bill to restrict imports, mainly from Asia, of clothing, textile and shoe imports. Page 9
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    • 24 1 THE Chinese leadership has decided to adopt a "three nos" policy towards disgraced former communist party leader Zhao Ziyang. Page 9
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    • 24 1 PRINTS and colour on the catwalk are helping to make the grim season for some American retailers a bit brighter Page 15
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    • 25 1 AIR CANADA'S pullout from the Singapore-London circuit in January will benefit at least three major carriers on the route. Shipping Times Page I
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  • MARKETS SUMMARY
    • 53 1 THE WALL STREET market was mixed in early trading yesterday after closing at its lowest levels of the year a day earlier. The Dow Jones average of 30 industrials rose 0.2S in*the first half hour but then dropped back to show a 10.64point loss at 2,397.28 one hour
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    • 33 1 LONDON share prices drifted lower in sluggish trading at midday yesterday. At about 1100 GMT, the Financial Times-Stock Exchange 100Share Index was down 12 points, or 0.6 per cent, at 2,109.8.
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    • 20 1 PROPERTY-BASED Tuan Sing Holdings has opted not to proceed with its proposed cash call Page 3
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    • 34 1 A WHOLLY-OWNED subsidiary of Hwa Hong Corp has emerged as the first privately-owned Asian insurance company to specialise in underwriting political and commercial risks in the region Page 3
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    • 34 1 REUTERS HOLDINGS has launched a big expansion plan here that includes a new $40 million building and the shifting of its South-east Asian headquarters from Hongkong to Singapore Page 7
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    • Article, Illustration
      30 1 Thursday Change BT-MGA 538.75 -3.77 Kuala Lumpur ....469.08 -1.01 Hongkong 2,884.4! +12.0 Tokyo 22,585.63 -909.48 Sydney 1,342.2 -18.0 Wedaoday Chaage New York j. 2,407.92 -37.62 London 2,121.8 -12.3
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    • 20 1 Exchange rates USS SS 1.7320 Yen S$ 1.3295 M$ SS0.64I5 Money Mriut rates Overnight 6 -3/8 3-montn 6-1/2 unch
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    • 37 1 L widow Cold PM fix US$388.00 -US$3.80 Rabbtr S'pore Nov 155.50*/kg -0.25 M'sia Nov 238.S0*/kg unch KL T)m Turnover 39 tonnes -10 Spot M$»6.05/Vg +0.05 Crude ualm oN Turnover 900 lots +486 Oct M$672 /tonne +2.00
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  • 335 1  -  By Magdalene Ng THE CO-UNDERWRITERS of the Kay Hian James Capel share issue stand to suffer substantial losses as they scramble to place out their shares to local investors. Stuck with the KHJC shares due to the dismal public response to the company's listing
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  • 478 1  -  Greater emphasis now on planning By Lilian Ang OIL COMPANIES, faced with lower margins because of the impact of the Gulf crisis, are tightening up their operations. More emphasis is now being placed on planning as the reduced raw material options have reduced
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  • 398 1  -  By Lilian Ang, Claire Leow ESSO, which yesterday offered the cheapest premium petrol in town, is now the most expensive brand. Stung by Esso's move to undercut them, the other five oil companies in Singapore yesterday retaliated by lowering prices. Shell, British Petroleum, Singapore
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  • 275 1 Reuter BRITISH Foreign Secretary Douglas Hurd said yesterday the US-led alliance in the Gulf will have to take stock within weeks on whether sanctions or war will force Iraqi President Saddam Hussein to quit Kuwait. "Sanctions, diplomacy and the certainty
    Reuter  -  275 words
  • 325 1  -  By John Tan SINGAPORE Telecom will start charging for local calls on a time usage basis by the end of next year. The majority of telephone subscribers can, however, expect lower phone bills. Announcing its decision to switch from
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  • 238 1 Reuter A KEY US congressional committee has approved US$l44 billion in new taxes over the next five years, a major plank in a compromise with President George Bush on reducing the enormous American budgetdeficiL The new package approved on Wednesday
    Reuter  -  238 words
  • Page 1 Advertisements
    • 164 1 |jj| Wedding (Package FREE FLOW of stout, beer, soft drinks dt etc. (Min. 10 tables) Hong Kong Dian Xin gjjjj No Yucin Chintg Road (clbove Jurong Bowl) \Simgapore 2261TeL268 45U!26g99Q681M ftrtraft Schedule 25 Money Market 23 World Stock Markets 22 Commodrtm 24 taprai Hews 8 Cryptic Crossword 25 taponal Stock
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    • 148 1 Bid for UN resolution hits snag, Pg 12 SOME travel writers write a soldier who plays the the protection of what is left travel pieces. Some write trombone when he's not of our natural heritage, adventure pieces. But not guarding Buckingham Palace. Personal Finance EL's itinerant traveller. He Opinions Investment
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  • HOME NEWS
    • NEWS ROUNDUP
      • 57 2 A TRADE and investment mission will leave on Oct 17 for Shanghai and Fujian. Led by Trade and Development Board chairman Alan Yeo, 32 companies will visit Shanghai and the Fujian cities of Fuzhou and Xiamen. Mission delegates will also meet the municipal and provincial
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      • 39 2 F|U)M Oct 28, the Singapore Airlines will fly to the Chinese city of Guangzhou. Guangzhou is the third city to be served by SIA after Shanghai and Beijing. The once-weekly flight leaves every Sunday.
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      • 51 2 AN ELECTRONIC network for users, vendors and manufacturers of automation technology will be launched next Friday. Known as Auto Net, it is developed by the Singapore Network Services and the Automation Applications Centre to provide a Hatahaw on the latest equipment and services in the
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      • 41 2 SINGAPORE'S modern, open cosmopolitan society makes it a favourable breeding ground for top-class designers to emerge. Dr Tay Eng Soon, senior Minister of State for Education, said this yesterday at the 1990 Young Designers Award Prize.
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    • 232 2 FIRMER oil prices, steady investments and efforts at diversifying its economy will ensure Brunei grow at least 3 to 4 per cent a year in the next five years. This compares favourably with the average 1.5 per cent growth
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    • 376 2  -  By Shoeb Kagda JAPANESE trading giant Marubeni Corporation has picked Singapore to be its worldwide rubber trading centre and hopes to boost its rubber activities by 30 per cent in the next three years. To centralise operations, a new company with an initial
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    • 128 2 PRIME MINISTER Lee Kuan Yew's longer than scheduled meeting with Sultan Hassanal Bolkiah of Brunei yesterday was reflective of the warm, long-standing personal relationship between the two leaders, and the close ties between Singapore and Brunei. Mr Lee, accompanied' by Trade and
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    • 199 2 ONE OF THE world's leading gas utilities companies, Osaka Gas of Japan, has opened a regional representative office in Singapore. At the opening ceremony yesterday, company president Masafumi Ohnishi said the local office, which is the third overseas office for Osaka Gas, is
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    • 157 2 A MAJOR Japanese trading house, Kanematsu Corp, aims to beef up its regional presence with enhanced marketing services for the distribution and manufacturing industries. It has enlisted the help of the homegrown BDS Group, a specialist in software applications for IBM mini-com-puters. The collaboration is targeted mainly
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    • 329 2  -  By Sangeeta Mulchand TWO LOCAL companies revealed multi-million dollar expansion plans to the Minster of State, Trade and Industry, Mr Mah Bow Tan, when he visited their premises yesterday. Chuan Huat Poultry Farm is negotiating a joint venture with an Indonesian timber
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  • Page 2 Advertisements
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 371 3  -  By Shoeb Kagda PROPERTY-BASED Tuan Sing Holdings has become the third listed company in the last one month to abort a cash call in the face of jittery stock markets worldwide. Stating the recent adverse changes in stock markets caused by the
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    • 498 3  -  By William Chia THE SUNGEI Way group plans to reinforce the turnaround at its listed entity Sungei Way Holdings by pursuing a strategy of organic growth and injecting some of the group's diversified private interests into it. A Sungei Way spokesman told BT
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    • 281 3 Bernama TWO COMPANIES which participated in a trade mission to South Korea last month have concluded joint venture agreements with Korean firms to carry out manufacturing operations in Malaysia. Sime Darby Bhd signed a supplemental agreement with Hyundai Wood Industries for an expansion
      Bernama  -  281 words
    • 581 3  -  THE HOCK LOCK SIEW COLUMN By Conrad Raj SHOULD Smith New Court International have stood tall and swallowed a $14 million loss by taking up the 13.9 million Wing Tai Holdings shares it was supposed to have placed out? The shares were meant as
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    • 427 3  -  By William Chia PEOPLE'S Insurance Company (PIC), a wholly-owned subsidiary of Hwa Hong Corporation, has become the first privately-owned Asian insurance company to specialise in underwriting political and commercial risks in the region. PICs Chief Executive and Managing Director Chew Loy iCiat told
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    • COMPANY BRIEFS
      • 56 3 ;»v GUTHRIE GTS Ltd yesterday reported a poup profit after taxation and minority interests of $1.63 million for the M six months, a reversal from a $41,000 loss situation in the same period last year. Net earnings per share amounted to t.l, cent, against a net
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      • 56 3 MALAYSIAN International Shipping Corporation Bhd forecast a consolidated pre-tax profit of M 5451.44 million tor calendar 1990, against M 5432.72 million for 1989. Chairmap Raja Tan Sri Muhammad Alias Raja Muhammad Ali said yesterday the forecast included results shown by the unaudited management accounts for the
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      • 49 3 SINGATRONICS Ltd yesterday said it has appointed Pr Wong Kwei Cheong as a director with immediate effect. Dr Wong, 48, is a Member of Parliament for Cairnhill and former minister of state in the Ministry of Labour (198!*>8$j and Ministry of Trade and Industry (1983-85).
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      • 78 3 SUNSHINE Allied Investments Ltd said yesterday that J*n» crown Ltd has sold 2,378,582 Sunshine shares to institutional clients of Hoaie Govett Securities (Singapore), and another 500,000 shares on the open market. The deals, which took place on Oct 10, were transacted at $4.50 a share, m
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    • 254 3 SINGAPURA Building Society, a medium-sized nonbank affiliated finance company, has reported an 11 per cent drop in group after-tax profit despite a 10 per cent increase in operating income. Group after-tax operating profit fell to $2.93 million for the financial vear to June
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  • Page 3 Advertisements

  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 134 4 JAPAN'S Mitsubishi Motors Corp and Volvo Car BV, 30 per cent owned"by Sweden's AB Volvo, will take a decision soon on joint production of cars in the Netherlands, a Dutch labour union official said. Ger van Os of the BHLP union said a decision
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      • 101 4 AUSTRALIA'S second largest retail group Woolworths Ltd said it plans to sell about As2oo million worth of property. Woolworths said the sale of 29 freehold properties at auction on November 29 would move the company's capital base from real estate into a refurbishment programme of
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      • 100 4 SONY Corp has developed the world's fastest gallium arsenide gate array, a kind of large-scale integrated circuit (LSI), a spokesman said. It has a propagation delay time of 21 picoseconds per gate. The world's fastest commercialised gallium arsenide gate array until now was a Fujitsu
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      • 58 4 ELDERS Resources NZFP Ltd said it had appointed receivers to London Pacific Ltd and its subsidiary Matakana Forests Ltd due to the failure of both companies to make payments on the sale of Matakana Island. The island, which is planted with pine forests, is near Tauranga
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      • 77 4 SOUTH KOREA'S 25 securities firms sold about one quarter of a targeted 400 billion won worth of shares in unpaid or unsettled margin accounts, brokers said. Brokerage firms, under government pressure, said last month they would forcibly clear the so-called "'empty can accounts", those backed
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      • 34 4 SUMITOMO Metal Industries Ltd will invest 30 billion yen to automate and improve efficiency at its steel plants by the year ending March 31, 1993, a company spokesman said.
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    • 466 4 THE HONGKONG Stock Exchange is investigating all unusual price and volume movements in traded warrants following increased activity in a number of listed warrants on the market on Tuesday. The South China Morning Post reported that the exchange has also warned investors to exercise
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    • 295 4 AP JEWISH activists in Los Angeles plan to urge MCA Inc's chairman to quit talks on a proposed billion-dollar buyout by Matsushita Electric Industrial Co, which participates in an Arab-led trade boycott of Israel. MCA chairman Lew Wasserman is a leading supporter of Jewish and
      AP  -  295 words
    • 301 4 Reuter PROSECUTORS yesterday linked a second major Japanese bank, Tokyo-based Sanwa Bank, to a growing stock manipulation scandal. In a hearing before the Tokyo District Court, prosecutors charged stock speculator Mitsuhiro Kotani and a long-time associate with conspiring to manipulate the share prices of
      Reuter  -  301 words
    • 189 4 CHAROEN POKPHAND, the parent of Hongkonglisted CP Pokphand, and British Telecom have finalised the mammoth US$6 billion deal to upgrade Thailand's telephone system. The South China Morning Post reported CP Pokphand's executive vice-president, Mr Tony Asvaintra, on Wednesday saying there was a possibility of
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 182 5 Tf t. i n i. im .1 l i,f .km iac. ost us patience. It ieethoven had* I •s: 1 -«»c 1 l> 1 I T/> 1I» 1 1 111 1 i I 1 II 11 1 stoppet at our symphonies It lliehe ange o ia< turned! II I I
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 81 6 AMSTRAD's pre-tax profits for the year ending June dwped 43 per cent to £43.74 million (US$B6 million) from £76/60 million the previous year, the electronics firm said on Wednesday. Sales fell by 7.8 per cent to £577.32 million from £62&32 million, and earnings
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      • 70 6 SAATCHI and Saatchi Co pic said it completed the sale of its US-based information and product data supplier unit Gartner Group Inc to GGI Holding Corp for US$43 million cash and 5 f 5 million in a two-year secured promissory note bearing interest at not less than
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      • 66 6 CZECHOSLOVAKIA'S state-owned carmaker AZNP Mlada Boteslav (Skoda) should decide this month whether it wants to jofn forces with Volkswagen AG or Renault-Volvo but talk Of a deal being signed soon is premature, officials said. Skoda, which is seeking a foreign partner mainly to provide engines for
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      • 94 6 THE Swedish car manufacturer Volvo and France's Renault, which signed an agreement on close co-operation, must continue to sell their cars under separate names, Volvo head Pchr G Gyllenhammar said in Stockholm on Wednesday. But he said that it would still be possible to sell
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    • 210 6 AFP GENERAL MOTORS, one of the world's biggest car makers, was to unveil yesterday a compact economy car called the Saturn, its longawaited challenge to the Japanese. GM, which says it put eight years and US$3.5 billion into development of the Saturn,
      AFP  -  210 words
    • 414 6 Reuter TROUBLED Polly Peck International pic is considering selling some of its assets in Turkey, where the value of its operations is estimated by bankers at more than US$5OO million, a source close to the group said. The source close to the group's
      Reuter  -  414 words
    • 305 6 Reuter MACMILLAN INC, part of British tycoon Robert Maxwell's sprawling media empire, on Wednesday said it had agreed to sell its P F Collier Inc encyclopaedia unit to a German company. Last week, the flamboyant socialist said he planned to sell some
      Reuter  -  305 words
    • 253 6 Reuter THE TRUMP Organisation's t»iw to restructure its outstanding junk-bond debts and bank loans are progressing well, chief financial officer Stephen Bollenbach said. "We continue to have conversations with various banks, primarily with banks involved with the Trump Shuttle, and I think those conversations
      Reuter  -  253 words
  • Page 6 Advertisements
    • 447 6 THE HIGHEST HONOURS ACCORDED TO BUSINESS ACHIEVERS \ingaporo CJtPRCSS Business Times *v3tj In 1985, Business Times, a business daily published by Singapore Press Holdings, and the leading air express company, DHL Worldwide Express, came together to organize an award scheme to f hdnotfr Singapore's most successful businessman. In the years
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    • 3 6 jP* -j nt/6rri
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  • FINANCIAL NEWS
    • 312 7  -  By Diana Oon REUTERS Holdings pic yesterday announced a major expansion plan here that includes a new $40 million building and the relocation of its South-east Asian headquarters from Hongkong to Singapore. The international world news and financial services provider said
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    • 170 7 Reuter THE BANK of France is planning to cut commercial banks' reserve requirements to reduce the cost of credit and thus help French companies through the current economic slowdown. One official said the move, due to be announced next Monday, should be seen as
      Reuter  -  170 words
    • SMALL CHANGE
      • 94 7 ATLANTA DEVELOPER John Port man has agreed to turn over ownership of part of his downtown Atlanta Peachtree Centre complex to Nippon Life Insurance Co and Equitable Life Assurance Society of the US in a partial restructuring of his organisation's US$2 billion debt
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      • 53 7 HOME LOANS and savings group, The Woolwich Building Society, and insurance company Sun Alliance Group pic said they had formed a joint venture life insurance company called Woolwich Life Assurance Co Ltd. The Woolwich will have 51 per cent and Sun Alliance 49 per cent
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      • 42 7 CIE FINANCIERE DE PARIBAS, the French investment bank, has set up a holding company to invest in German industrial companies. The new company, based in Frankfurt, is called Paribas Investment und Beteiligungsgesellschaft, and has capital of 25 million marks.
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      • 52 7 THE SAUDI INVESTMENT BANK said its net profit for the first nine months of 1990 fell to 19.7 million riyals from 25.5 million in the same 1989 period. The figure was after provisions for bad and doubtful debts of 30 million riyals, unchanged from a
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    • 248 7  -  By Quak Hiag Whai THE SINGAPORE branch of Italian bank Istituto Bancario San Paolo di Torino has appointed a Singaporean to the post of general manager. Mr David LT Yap, who joined the Italian bank last year as deputy general manager, is the
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    • 130 7 PRESIDENT Suharto has instructed Attorney-General Singgih yesterday to continue processing the case involving former executives of Bank Duta, a private Indonesian bank which nearly collapsed last month with U*****.6 million losses from foreign exchange trading. "The president told me to continue processing the Bank
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    • 154 7 Reuter BANKS considering taking part in an US$BOO mSKOftsyndicated loan to build ai*--' perhighway linking Hong l kong with southern Chiia and Macau fear border, for- malities could hinder tIM, project, according to banking sources in the colony. The loan, to help buil44he
      Reuter  -  154 words
  • Page 7 Advertisements
    • 65 7 SYDNEY NEW SOUTH WALES Largest single private landhokfing in blue Mountains 100 hectares (approx 250 acres) millionaire's retreat available for residential subcfivision in dormitory suburb I of Sydney Freeway and Electric Train Access Owner wishes joint venture with developer/investor or outright sale Phono or Fax Singapore MR NINO DC GUZMAN
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    • 51 7 t tfg kA. '/f wmmmr I |jiS jsj' >;/- i' y flKnf'j-" l* k > V ti "t T'H f 1 W. ibNjfiilk. JKp HIMHMH vy '*gg£ ~&> jF-.... f J jH s Sr A "*w X, HB t > j*jt*■*■*" ft* i§s£- CeEBSS?S3 Levels 1 2 Centrepoint. Orchard Road,
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  • Page 7 Miscellaneous

  • THE REGION
    • NOTE BOOK
      • 106 8 A CONSORTIUM of one Indonesian and three Japanese firms will build Indonesia's first inter-island bridge, the Antara news agency said yesterday. An agreement for the construction of the four-km bridge linking East Java with the small island of Madura is expected to be
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      • 71 8 THE PHILIPPINES will get a US$l25 million interest-free loan from the World Bank to be used for development projects on Mindanao island, Press Secretary Tomas Gomez said on Wednesday. Mr Gomez said the loan, which is payable over 35 years, was processed by the World
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      • 82 8 A MEETING of senior officials to prepare for a reconvening of an* international conference on Cambodia is likely to be held in Jakarta, Foreign Minister Ali Alatas has said. The meeting would be preceded by working-group discussions to finalise a draft of a comprehensive agreement on
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      • 69 8 TWO-WAY trade between Vietnam and Taiwan has increased rapidly in the last two years, the weekly Vietnam said in itfl latest issue. Vietnamese exports to Taiwan in the first half of the year were worth US$3O.5 million while imports were valued at US$2O million, compared with US$32
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      • 65 8 THE FRENCH bank Worms has advanced a total of US$B.5 million in loan credits to The Ho Chi Minh City Foodstuffs C 0 to treat rice for export, the Vietnamese Information Agency (VIA) said on Wednesday. VIA said The Ho Chi Minh City Foodstuffs
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      • 120 8 INCREASING imports narrowed Malaysia's trade surplus to M 5624.4 million in 1990's first six months, down almost 87 per cent from January-June last year, the Statistics Department said on Wednesday. The surplus compared with MJ4.75 billion in 1989's first half. For July alone, Malaysia had a
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    • 445 8 Reuter THE WORLD BANK, International Monetary Fund and other major creditors are pressing Manila to initiate fundamental reforms to tackle a mounting economic crisis made worse by the sharp rise in world oil prices. "It has not sunk in yet that they have a
      Reuter  -  445 words
    • 240 8 AFP ABOUT 100 billion pesos (US$3.BB billion) of the Philippines' proposed budget for 1991 of US$lO.l billion will go to debt servicing, Budget Secretary Guillermo Carague said in Manila on Wednesday. Mr Carague said the 1991 budget, which could go as
      AFP  -  240 words
    • 237 8 AFP OFFICIAL figures released yesterday confirm unemployment is on the rise in Australia, with women in the economically depressed eastern state of Victoria bearing the brunt. But the increase of the national unemployment rate to 7.4 per cent in September from 7.3 in August and
      AFP  -  237 words
    • 383 8 AFP NEW ZEALAND'S central s Reserve Bank yesterday forecast higher inflation and sharply lower economic growth over the next two years. A number of recent devel- j opments have worsened the i economic outlook since the last forecast in May, Mr Grant
      AFP  -  383 words
    • 390 8 Reuter AUSTRALIAN Prime Minister Bob Hawke admitted on Wednesday that high interest rates were causing hardship, but one of his ministers said cutting rates would not be a magic wand for improving the economy. "There are no magic wands. If the government
      Reuter  -  390 words
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  • THE WORLD
    • 449 9 AP THE US House of Representatives failed by 10 votes on Wednesday to override President George Bush's veto of a Bill to restrict imports, mainly from Asia, of clothing, textile and shoe imports. Mr Bush vetoed the tighter quotas last week,
      AP  -  449 words
    • 319 9 Reuter SOVIET PRESIDENT Milehail Gorbachev has reportedly said that a long-delayed programme to lead the Soviet Union to a market economy will be ready as planned by Oct 15. Soviet Parliamentary Speaker Anatoly Lukyanov, quoted by Tass news agency on Wednesday, said Mr
      Reuter  -  319 words
    • 180 9 Reuter LEADING Soviet economist Stan is lav Shatalin has told a United Nations committee that his country's 1990 budget deficit will greatly exceed the planned 60 billion roubles and could reach 150 billion roubles. In a presentation on Wednesday on the Soviet Union's transition to
      Reuter  -  180 words
    • WORLD WATCH
      • 55 9 MUNICIPAL FIRMS in Beijing have called for foreign i»r vestment to help fund more than 200 industrial projects, U*e official China Daily said on Wednesday. The English-language n newspaper said the money was needed for companies who* activities included machine-building, electronics, car making, chemicals,
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      • 100 9 TWO JAPANESE SAILORS held by North Korea for seven years were allowed to return to Tokyo yesterday in an apparent bid by the North for better ties with Japan. Looking tired but in good spirits, Isamu Beniko, 60, and Yoshio Kuriura. 59, smiled and waved
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      • 94 9 v i US PRESIDENT George Bush's proposed free trade zone stretching from Alaska to Argentina will likely be the focus af- j debate at the Group of Eight's two-day meeting which was scheduled to start in Caracas, Venezuela, yesterday. Mr Bush's plan aims to remove
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      • 72 9 THE US HOUSE of Representatives approved US$l3.5 lion on Wednesday for a referendum in Puerto Rico to determine whether the island should become a US state/' 1 independent or a more autonomous US commonwealth. The referendum could be held as early as September 1991. The House
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    • 260 9 THE CHINESE leadership has decided to settle the case of disgraced former communist party leader Zhao Ziyang by leaving him unpunished but refusing to rehabilitate him, say sources in Beijing The South China Morning Post said one source described it as a "three
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  • Page 9 Advertisements
    • 268 9 Dr. O. W. Nicolls Do Image Campbell Ltd. of Vancouver, Canada, engineering consultants to the mineral and construction industries, is pleased to announce the appointment of Dr. O.W. Nicolls as Senior Partner in charge of the development and management of International mining projects. Dr. Nicolls (PhD Royal School of Mines,
      268 words
    • 49 9 tail 1 I "-'■rf'^bfa. 81 I nt di "'-> i 7 AUTUMN/WINTER W9l HiWflHl BOUTIQUES: SINGAPORE: Shaw Centre #01-02B* Tangs Studio Level 2. KUALA LUMPUR: Kuala Lumpur Hilton Main Lobby Arcade. ■■■■■11l Shangri-La Hotel Shopping Arcade Isetan at Lot 10. JAKARTA: •IL Primo Plaza Indonesia Ratu Plaza Duta Merlin Mdawai.
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  • 478 10 EDITORIAL ONE of the few changes in the Goh Chok Tong government that will take over next month will be the new portfolio of Information and the Arts. At first glance, the new ministry appears to be a reversion to the former Ministry of Culture,
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  • WHAT THE OTHERS SAY
    • 216 10 THE STOCK Exchange of Singapore has decided to admit foreign stockbrokers as full members, subject to certain conditions. Understandably, the new competition is not welcomed by most stockbrokers here because no one relishes the prospect of losing business and having lower profit margins, even if they are
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    • 144 10 FIRST DEPUTY Prime Minister Goh Chok Tong has said that the education gap is the root of the Malay community's unhappiness over its progress. To some extent, there is truth in this. But education apart, the other main problem that needs to be addressed is the perception
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    • 127 10 SUCCESSFUL professionals in the Malay community are now more concerned about the interests of their fellow Malays. This is a good sign. It is hoped that their enthusiasm will spur the Chinese community into looking at its own problems with greater interest. The government is
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  • REGIONAL VIEWPOINTS
    • 180 10 THE POWER struggle inside the Chat Thai Party took a dramatic turn on Tuesday morning. Secre-tary-General Banharn Silapaarcha suddenly became once again the prime minister's sweetheart, by leading a group of about 70 Chat Thai MPs to cheer up Premier Chatichai Choonhavan at his residence, Banharn
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    • 165 10 AFTER YEARS of prodding, pushing and muscleflexing to prise open the Thai cigarette market, the giant US tobacco industry backed by their powerful lobby have finally succeeded. The formal decision by the Government to lift the import ban on foreign cigarettes, which is in compliance with
      165 words
    • 149 10 THE KILLING by Israeli security forces of 19 Palestinians on the Temple Mount in Jerusalem hands a propaganda coup to Iraqi President Saddam Hussein, and increases the danger of a bloody and devasting war in the region. Washington will not thank the Israelis for breaking their
      149 words
  • 1002 10  -  There has been no worldwide physical shortage of oil since Iraq invaded Kuwait on Aug 2. Yet oil prices nave been rising. Lawrence Malkin reports Lawrence Malkin IHT Asking how high oil prices can go, as the Middle East war of nerves pushed
    IHT  -  1,002 words
  • Page 10 Advertisements
    • 176 10 j, I 1 P M J |T|||V We are a trading group with diversified interests in Europe, Africa, India and Singapore. Currently, we are setting up a joint venture in India to provide IT support to countries in this region. -C* f. The Group will provide the "front-end" customer installation
      176 words
  • Page 10 Miscellaneous
    • 42 10 DOONESBURY BY GARR* thuow -V 1 dOOPS£,HON£Y,TWTO FOR&QNSRS ARB TRYING 10A€S6 CUT!SOME&OCW OKAY&AW, 2 GNZMCMORBPRIPe, WITH KXJR mi OF UFE, ANP SPRTTZ. HER VALLEY MORE DEFIANCE... YOU'RE NGTGOING TO TAKE W YE&.9R. OFWTBRSST! 0 THIS APIS ABOUT NYWONALHONCR! OKAY, 1 /m/TP,6Nny lfm6Rm
      42 words

  • ANALYSIS
    • 1105 11  -  Shoeb Kagda on the role the East Malaysian states could play in the forthcoming Malaysian general election Shoeb Kagda THE East Malaysian states of Sabah and Sarawak played only peripheral roles in the 1986 general election. But this time, some poll-watch-ers say, they
      1,105 words
    • 989 11 America may not be bluffing when it threatens to walk out of the Uruguay round of trade talks if there is no deal to cut farm subsidies The Economist SUPERFICIALLY, everything in the American garden is lovely. The price of farmland is continuing to
      The Economist  -  989 words
    • 679 11 A profile of Australia's richest individual Kerry Packer AFP KERRY Packer is not like the other Australian entrepreneurs who achieved brief fame and probably lasting notoriety as their business fortunes tumbled recently, landing them with vast debts. Observers of Australia's corporate community say that while
      AFP  -  679 words
  • Page 11 Advertisements
    • 119 11 See the Suzuki Swift GTik in action §The Sansui-Stamford Tyres Rally of Singapore, October 14, National Stadium Carparks, Bam 3pm Organised by the Singapore Motor Sports Club. Get a GTi for yourself. Free-breathing power from a 1.3 litre twin-cam 16-valve, multipoint electronic fuel injection engine, tuned intake manifold and exhaust
      119 words

  • FOCUS
    • 392 12 The Gulf Crisis Non-Aligned nations take strong stand over killings in Jerusalem Reuter ALTHOUGH the United States and Arab nations appear close to agreement on a Security Council resolution condemning Israel's killing of 21 Palestinian protesters, Security Council members early yesterday hit a snag,
      Reuter  -  392 words
    • 414 12 AP Gulf nations that are hard hit economically by Iraq's invasion of Kuwait are putting on brave faces in spite of big cash crunches, paralysed stock markets, drooping trade, and bolting expatriates. Top financial officials in the Gulf Cooperation Council "are
      AP  -  414 words
    • 486 12 Reuter IRAQ'S ambassador to the US has blasted a US House of Representatives hearing on alleged Iraqi atrocities in Kuwait as a circus, but acknowledged isolated cases of human rights violations there. "This is a circus," said Mohamed al-Mashat of
      Reuter  -  486 words
  • Page 12 Advertisements
    • 537 12 Il MCROCASS€TT€ "R€CORD€R I 1 Pearfcorder by^U j he new p e arlcorder 5930 from Olympus is the world's first microcassette recorder equipped with an Auto date/time memory. By pressing the Date button, the current time and date of the recording is automatically recorded onto the tape itself. The Date/Time
      537 words
    • 13 12 m j onagers Vl/lust t V lanage BT shows you how every Monday.
      13 words
    • 301 12 |J pi AJ BB| I I Accountants I cfSneapore 1 ASKAN FEDERATION OF ACCOUNTANTS I 7TH ASEAN FEDERATION OF I I ACCOUNTANTS CONFERENCE I I 12-14 November 1990 Westin Hotel, Singapore I I Rotated among the Asean Countries once in every 2 years, the I I AFA Conference is back
      301 words

  • SPORTS
    • 401 13 AP DAVID FROST and John Cook matched 64s in the first round of the Las Vegas Invitational on Wednesday, although they arrived at their eight-under-par efforts on the Las Vegas Country Club by remarkably different routes. Frost, who beat Greg Norman
      AP  -  401 words
    • 263 13 AFP TENTH-SEEDED Andrei Cherkasov of the Soviet Union put an end to Australian Pat Cash's excellent performance with a straight-set win in the third round of the US$l million Seiko Super men's tennis tournament in Tokyo yesterday. The 1987 Wimbledon champion Cash, who
      AFP  -  263 words
    • 476 13  -  It's a question of priorities, ASM chief tells Cassandra How Cassandra How SO, it's goodbye to the Singapore Women's Tennis Open but a warm welcome to the Volvo Supertennis Challenge from next year. The recent announcement of this decision by organiser Australian Sports Marketing (ASM)
      476 words
    • SIDE LINES
      • 76 13 THREE PROFESSIONAL TENNIS PLAYERS, including Wimbledon champion doubles players Ken Flach and Robert Seguso, have accused their financial managers in a suit of losing US$B7O,OOO of the players' winnings in risky investments. Flach, Seguso, and Scott Davis filed suit in the St Louis US
        76 words
      • 90 13 THE US TEAM is expected to opt for a clay-court surface for the Davis Cup final against Australia in St Petersburg, Florida, from Dec 2. An official announcement was expected yesterday but the Americans were almost certain to confirm their preference for the slower
        90 words
      • 90 13 KIM JONES, the fastest American woman marathoner of 1989 and runner-up in last year's New York City Marathon, has entered this year's race on Nov 4. Jones clocked two hours, 27 minutes, 54 seconds, when she finished second to Norway's Ingrid Kristiansen last
        90 words
      • 107 13 THE INTERNATIONAL car racing federation has declared all races staged by CART outside the US to be illegal and has announced plans for a four- or five-race oval track championship to supplant the US-based series. The announcement by the World Council of the International Federation
        107 words
      • 99 13 ENGLISH second seed Lisa Opie was recovering yesterday from a five-game battle against Australia's Sarah Fitzgerald that almost ended her victory quest at the world women's squash championship in Sydney. Ninth-seeded Fitzgerald took the Wednesday night match the distance before finally running out of steam. Opie
        99 words
  • Page 13 Advertisements
    • 823 13 A THE MITSUBISHI TRUST AND BANKING CORPORATION 111 (INCORPORATED IN JAPAN WITH LIMITED LIABILITY) Balance Sheet Statement of Income As at March 31, 1990 and 1989 Years ended March 31, 1990 and 1989 MM*™ of Yen Millions of Yen 1990 1989 1990 1989 Assets Income Cash and Due front' Banks
      823 words
    • 339 13 NOTICE IN THE MATTER OF THE COMPANIES ACT, CAP. 50 AND IN THE MATTER OF ROBERTSON REALTY PTE LTD (In M*mb*fs' Voluntary Liquidation) NOTICE OF RESOLUTIONS At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at Ban Hin Lee Bank Bhd, 15 PhMp
      339 words
    • 159 13 upfik m rcS ent tor your f u &o Ming and lt May er /e y ang, rYxefe iromhhun3 n Dr ty* creating some of Mast« u P, °w n ce. They Inesr. e n\\c Szechuan CUJ r o a \ace from n U nhl most 3 v e cv,
      159 words

  • Page 14 Advertisements
    • 1241 14 WHERE TO WINE. PINE AND ENTERTAIN WHERE TO WINE, DIME AND ENTERTAIN WHERE TO WINE; PINE,... warnr PLUM'S ******************** l DEEPAVALI DELIGHTS Spicy Indian Buffet October 12-28,1990 Lunch 12 noon 2.30 pm Dinner: 7pm 10.30 pm A quartet of chefs, have been flown in from I Ivan Regency Delhi, to
      1,241 words
  • Page 14 Miscellaneous
    • 711 14 TELEVISION AND RADIO At i i_. a22Z£rZk L> miumdt«mm. mmmmmrf leakv nuke g* £sr < Search in the Sun (ep 9). lj® English Movie Purple l.mM*, I.ZSM, 8.00 Yellewthread Street Slic- T~ Haze. 5.30pm, 3.25 a*: Financial News WBWSTymr— »>> ■,4M—— < irsi^ ,j9hum RAMOS, 92.4 mHz n. VHF Band
      711 words

  • LIFESTYLE
    • 911 15  -  The world's fashion designers are in Milan for the 1991 Spring-Summer show. Suzy Menkes contrasts the swirl of colours on the catwalk and the grey mood of some retailers in the streets Suzy Menkes IHT THE big fashion statement in Milan is the dress
      IHT  -  911 words
    • 600 15 500 years on, Americans are still trying to place the man NYT CHRISTOPHER Columbus may have been born in Genoa but there were a few onlookers at Monday's Columbus Day parade in New York who still wondered why the event had attracted so many Italian-Americans. "Maybe his
      NYT  -  600 words
    • 408 15 CHATTERBOX MEXICAN poet and essayist Octavio Paz won the 1990 Nobel Literature Prize yesterday. The Swedish Academy of Letters said Paz, 76, got the four million Swedish crown award "for impassioned writing with wide horizons, characterised by sensuous intelligence and humanistic integrity". In
      408 words
  • Page 15 Advertisements
    • 311 15 AND ENTERTAIN American Classics. Only AtThe Hubertus Grill. \MKRK-AN MEAT PROMOTION mj SEFTEMBEH TO 18 OCTOBER IWU DINNER 7 PM TO 1030 PM JH FEATURING AN AIACARTE MENU AI.SO, STERLING SET DINNER FOR VAOO* FOR RESERVATIONS. PLEASE CALL 732 1222 EXT l.Vtt :L ALL PRICES SUBJECT TO 10% jjjW| JU
      311 words
    • 261 15 1 1 1 (Only 5 tables nighdy. Advance order* required.) j i i i Free quart bottle ChWas Regal or MarteO VSOP. 111 JAJ $288 Menu for 8. S i f iVa Free quart Chivas Regal or Martdl VSOP. Vi I $138 Menu for 2. .V. Free pint Chivas Regal
      261 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 3724 16  -  By William Chia THE Singapore stockmarket closed lower in thin and lethargic trade yesterday as share prices fell in sympathy with declines on major bourses overseas. The widely-watched Straits Times Industrials Index of 30 Singapore blue chips fell 10.64 points to a 21-month
      3,724 words

  • 4032 17 Main Board OB Hldgs 20* 300 +150 +100.0% Spore Fodder 195 +66 +5!.2% SIA Foreign 1290 +10 0.8% Centrepoint 50» 208 +7 +3.5% Jurong Ship 50* 454 6 OUB 392 +6 +1.6% Roth Inds 50* 352 +6 +1.7% FELSWt 203 +6 +3.0% SPH Foreign .820
    4,032 words

  • BT SHARE INFORMATION SERVICE
    • 758 18 fttpw Stocks F Y#af Cew Pated Data Taa W W firm miad nta (cab) *> P* <*«•> Lm Mat Mm Mar 30 Ok 89 5M.W Marce Ml Wenm Aug 11 Mar 91 4.0 2.1 3,4710) MMeCTS Www Aug 31 Dec 90 .05 SB Fnal See 19 tan 90
      758 words
    • 918 18 Currant Ex BMks tete Tatelfcr Tatollar payment date daaa payafeto fha yaar last yar Aoru 5*TE(I) Oct 19 Oct 31 Nov 15 5*11 USB 101(b) 1m 4 Jan 18 Jan 28 -10* 12* MOB 2.5* Sep 14 Sep 28 Oct 27 2.5* 2* MM 10* Sep 21 Oct
      918 words
    • 127 18 Cmimrv Date Ymt Groep Net Met earnings Gress aM to treAt/toi (L) per share dividend (•000) (cents) Sobinson Oct 9 Jun 90 $10.808($7,704) 21.7(15.5) 12(10) Rothmans Ind Oct 9 iun 90 $36.269<J26.171) 31.6(22.8) 76.(25) M Banking Sep 29 Jun 90 M$172.134($80.584) 46.0(25.5 25h(18) BMT Sep 28 Jun 90
      127 words
    • 202 18 Cow piny Data Year Group pro-tax Nat earnings Grass ann ta profit/loss (L) par sJiara dividend ('000) (cants) l&M Oct 10 Jun 90 $2,444($1.256) 5.4(1.5) 2(1) HuaeM Oct 9 lun 90 M$43.130<J16.105) 15 8(6 2a) 10.5(7 9a) MSB Oct 5 Jun 90 li$6.505($12.681) 4.1(8.3) 10(12) Task Cement Oct
      202 words
    • 208 18 Cwnpany Data NaH-yaar Group pre-tax Intariai an ta proflt/tes* (L) divMand cooo) Umptone TH Oct 5 Jul 90 M». 115 ($6,523) M Resources Oct 2 Jun 90 M$6.231L($7.645l) Innowst 8hd Sep 29 Jun 90 M$490($364) tenant Corp Sep 29 Jun 90 »#1.471L<|154) Ac ma Sep 28 Jun 90
      208 words
    • 644 18 BONDS, LOANS WARRANTS Ctmm Ummntm pmU4 hnihrwi irfcinr CiC M Betore 26/4/93 1 warrant phis 83.09 ash. Cwijf Leen fMHi) m 2/10/89 Id 20/10/94 1 warrant ptos $1 cah or 1 warrant ptos SI normal amount o< loan stock. Oh Itotos Chan Mp HI Itoreh 87 to 31/12/91 1.55 warrants
      644 words
    • 150 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 High: 1435 43 (16/7/90) 1990 N* 1607.12 (27/3/90) 1990 tar 985 17 (11/10/90) 1990 tar. 1079.50 (11/10/90) 19S9 Mftc 1322.00 (28/12/89) 1989 Wjte 1487.76 (26/12/89) 1989 low: 917.42 (4/1/89) 1919 tar 1030.69 (4/1/89) 1988 Nftc 1043 86 (8/8/88) 1988 NJt
      150 words
    • 172 18 Oct 10 Goofcun FMdtr Watfe make an unconditional offer for Cold Storage Holdings at $1.66 each, white Fraser and Neave made a similar offer for Centrepoint Properties Ltd at (2.14 a share. Hwa Hoflf Corporation's wholly-owned subsidiary, People's Insurance Company, has incorporated Global Trade Insurance Management to undertake
      172 words
    • 382 18 Company Rights lm» WafcW OtTI« Onrtor-ow MSO 80 per share fbghts issue of $1.00 nomnal amount of 5% Redeemable Unsecured Loan Stock 1990/1995 with one Transferable Subscnpbon nghts for every two easbng shares held. Ei-date: Aug 23 Books dose: Sep 6 Acceptance Payment Oct 19 Uvea Me Five-tor
      382 words
    • 508 18 Company Rights Issue Neon Or* lor two MJ100 |w share. tssue of 40m Cumuiatrve Redeemable Preference Shares of WO 10 each at MSI per share with 10m detachable TSR. Mm Onfr tor four MS200 per share CauMway kw Cap** reducton scheme to reduce par value of shares from
      508 words
  • Page 18 Advertisements
    • 34 18 MALAYSIAN SELECTION x MMB Hi ■■h PEOPLE I I WATCH Top guns and mavericks iIIII lllllltl PARTY WATCH Alliances and in-fighting ISSUES WATCH Leadership and rosnah I economy Ahmad TS WATCH Our roving reporter
      34 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3657 19 MBT, Bernama LATE BUYING partly stemmed early selling on the Kuala Lumpur stock market yesterday and share prices closed on a mixed note. The early weak trading was undoubtedly influenced by the soft overseas bourses because of the rising tension in the Persian
      MBT,; Bernama  -  3,657 words
  • Page 19 Advertisements
    • 347 19 CIDB Annual Seminar The Office Of The Future Designing Tomorrow's Buildings A Seminar by PROFESSOR VOLKER HARTKOPF OVER the next four years, more than about the speaker one million square metres of new Professor Volker Hartkopf is a leading practicising expert in total building percommercial space will be added to
      347 words

  • TOKYO STOCK EXCHANGE
    • 2171 20 Reuter TOKYO stocks closed sharply lower yesterday after declines in foreign markets over Mideast jitters, in a day of broad-based selling in thin trade. Investors unable to match futures contract sell orders opted to sell cash stocks instead, brokers said. The Nikkei index closed down
      Reuter  -  2,171 words
  • STOCK EXCHANGE OF HONGKONG
    • 2231 20 SHARE prices on the Hongkong stock exchange closed higher in thin trading yesterday. The Hang Seng Index, the market's key indicator of blue chips, gained 12 points, closing at 2,884.41. Turnover amounted to HKS4B3 million (US$62 million), down from Wednesday's HKSSBB million (US$75 million). Brokers attributed
      2,231 words

  • REGIONAL STOCK MARKETS
    • Tokyo takes its toll on Aussie stocks
      • 845 21 AUSTRALIA'S share market took a dive in afternoon trade yesterday after being pounded by a near 1,000 point slump in the Tokyo market brought on by sharply weaker overseas markets overnight. Brokers said leading entrepreneurial stocks fell prey to across-the-board selling as the market's descent gained momentum. "There was
        845 words
      • 652 21 THAI stocks ended lower across the board in the absence of developments in the Gulf crisis and Tokyo's sharp morning decline, brokers said. The SET Index closed 11.12 points lower at 644.43 on thin trade with finance issues leading the decline. Siam Cement shed 40 baht to close at
        652 words
      • 481 21 PHILIPPINE shares closed lower as more investors sold to get out of the market on worries the Gulf crisis might worsen, brokers said. The Manila Stock Exchange composite index lost 11.72 points to close at 540.62. "It's back to the waiting game: wait and see what develops in the
        481 words
      • 794 21 SEOUL stocks fell back on profit-taking from a midday high but still ended the day up following a big sell-oflf of bad accounts the day before, brokers said. The composite stock index gained 4.81 points to 621.93 with volume moderate at 151.2 billion won against 226.9 billion on Wednesday,
        794 words
      • 341 21 NEW ZEALAND shares closed at their lowest point since early February, 1985 after taking a battering by bearish world events and gloomy domestic economic predictions. The Barclays index estimate went below 1,400 points for the first time since February 5, 1985, shedding 22.69 points to end at 1,393.41.
        341 words
      • 386 21 TAIWAN stocks ended sharply lower across the board yesterday as rumours that fighting had broken out in the Gulf swept through the market, dealers said. The weighted index fell 172.80 points, or 6.3 per cent, to end at 2,573.45 compared with Tuesday's 2,746.25 close. Turnover was the lowest this
        386 words
      • 555 21 Reuter THE Jakarta stock exchange index fell to 428.56 yesterday from Wednesday's officially revised 433.50. Sentiment remained bearish in most sectors with Inco down 50 rupiah to 5,100 on turnover of 87,500 shares. Bank Danamon was 1,000 rupiah down to 7,000 and Bank Duta closed unchanged at 5,400. Holding
        Reuter  -  555 words
      • 390 21 CVmc Pmfcws Oct 11 SYDNEY All Ordinaries Index 1,342.2 1,360.2 -18.0 AU industrials Index 2,000.5 2,026.8 -26.3 All Resources Index 829.5 841.0 -11.5 Turnover (million) 52.82 57.95 -5.13 BANGKOK SET Index 644.43 655.5 -11.12 Turnover (million) NA 1,800 JAKARTA Composite Index 428.56 433.50 -4.94 Turnover (nearest *000) NA NA —M
        390 words
  • Page 21 Advertisements

  • WORLD STOCK MARKETS
    • Fear of poor results drags down stocks
      • Article, Illustration
        1262 22 WALL STREET stocks were dragged down on Wednesday following a government auction of seven-year notes and amid signs third-quarter corporate reports may disappoint investors. The dollar fell to its lowest level against the Japanese yen in more than a year and a half, oil prices slumped after live
        1,262 words
      • Article, Illustration
        944 22 UK SHARES opened weaker yesterday as investors continued to stay away. "I can't find a buyer anywhere It's depressing," said a director of equity sales at a UK agency broker. A 1.5 per cent slide on Wall Street and a 3.9 per cent slump in Tokyo dealt a blow
        944 words
      • 356 22 PRICES of Dutch shares traded fractionally higher at midsession on Thursday with dealers describing activity as minimal. The CBS all-share index was 0.2 points firmer at 93.4 at 1150 GMT after earlier slipping to 92.7. "It's just a case of wait and see as it has been for a
        356 words
      • 191 22 GERMAN shares were quoted narrowly mixed around Wednesday's closing levels in thin pre-bourse trade, as operators hesitated, waiting to sec how prices would develop in bourse trading. The 30-share DAX index on Wednesday ended 26.30 points or 1.8 per cent lower at 1,407.11. Most dealers expressed relief that prices
        191 words
      • 270 22 FRENCH share prices edged higher at midsession, gaining courage from a firm opening on the Frankfurt stock exchange and hopes of a cut in French interest rates at a Bank of France money market tender this afternoon, dealers said. They said rumours of a quarterpoint cut were circulating and
        270 words
      • 224 22 TORONTO stocks slid further in afternoon trade after the seven-year note auction fared poorly, weakening bonds, dealers said "Just another blade day, said John Ing, president of Maison Placements of Canada Inc. "We didnY even get the dead cat bounce." The composite index lost 29.6 or one per cent
        224 words
      • 274 22 Reuter SWISS shares continued Wednesday** late recovery to trade higher at midsession in very thin volume. The all-share SPI index was ninepoints, or 0.97 per cent, higher at 936.S and the SMI index of leading shares rose 20.7 points, or 1.46 per cent, to* 1,441.6. Dealer said they had
        Reuter  -  274 words
      • 549 22 Oct 10 Claw PihIw NEW YORK Dow Jones 2,407.92 2,443.34 -37.62 NYSE Financial 106.13 101.43 -1.60 SAP 300 300.39 303.10 -4.71 Turnover (million) 167.19 143.61 +22.21 LftHIWH Financial Times 30 1626.70 1640.30 -13.10 FTSE 100 2121.10 2134.10 -12.30 Turnover (million) 427.4 I23.S -396.4 AMSTERDAM CBS General 170.80 170.20 +0.60 Stock
        549 words
  • Page 22 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1200 23 FOREX MARKET REPORTS A LACK of major news took enthusiasm out of the market yesterday, leaving the US dollar steady to firmer at the dose in Tokyo after a day of lifeless trading. The US dollar held its pre-opening gains
      1,200 words
    • 384 23 Cross rates pan USS SS MS Dm Yen SFr AJ NZ$ US$ 1.7325 2.6980 1.5270 129.65 0.5075 1.2805 1.2173 1.6234 S$ 0.5772 1.5573 0.8814 0.7483 0.2929 0.7391 0.7026 0.9370 MS 0.3706 64.21 0.5660 0.4805 0.1881 0.4746 0.4512 0.6017 Dm 0.6549 1.1346 1.7669 84.91 0.3323 0.8386 0.7972 1.0631
      384 words
    • 549 23 Interbank rates S> Bid Offer Overnight 6 6 1/4" 1-month 6 1/2 6 5/8 2-month 6 1/2 6 5/8 3-month 6 1/2 6 5/8 P»CTn>ght mode: 6-9/16 USS Bid Offer 7 days 8 3/16 8 5/16 1 month 8 3/16 8 5/16 2 months 8 1/8 8 1/4
      549 words
    • 1581 23 SjMPt EUMOOiLM Open High Low Sett E* Vol Op/lnt Vol Dec 90 91.91 9L98 9L88 9L95 ***** ***** 38% Mar 91 92.04 92.13 92.02 92.07 IS040 ***** ISS2 D Jun 91 91.93 92.03 91.94 91.99 2013 3224 346 b Sep 91 91.73 91.83 91.74 91.78 703 438 163
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  • Page 23 Advertisements

  • COMMODITIES
    • 376 24 Reuter SAUDI ARABIA, seeking to help close the gap left by a trade embargo on Iraq and Kuwait, topped US oil output last month to become the world's second largest producer behind the Soviet Union, a survey conducted by Reuters said. The
      Reuter  -  376 words
    • 314 24 Reuter PLATINUM'S already dull long-term outlook has been worsened by the Gulf crisis as demand will be hit by the expected slowdown in economic growth, according to Lehman Brothers International review. Major producers Rust enburg and Impala have recently announced expansions over and above
      Reuter  -  314 words
    • 849 24 REPORTS THE KUALA LUMPUR Tin Market recovered after its sharp fall on Wednesday to close five sen higher at MS 16.05 per kg yesterday mainly because of European demand. Dealers said the turnover, however, fell to 39 tonnes from 49 tonnes since
      849 words
  • 1253 24 Rubber octn ScenlWi Noon Clo«c Inl I RSS Prompt I55.7VI56.75N 155.7VI56.75N Int I RSS Nov 90 ISS.MVIS6.00 155.50M56.00N lot I RSS Dec I54.7VI55.25 154.50/1 S5.00N Int 2 RSS OP 150.25/152.25N I502VIS2.25N Int 3 RSS OP I45.7V147.75N 145.7VI47.75N Int 4 RSS OP I41.7VI43.75N I4I.7V143.75N Int 5 RSS OP I37.2VI39.2SN 137.2V
    1,253 words
  • Page 24 Advertisements
    • 758 24 NOTICES IN THE MATTER OF THE COMPANIES ACT CAP 50 DIMENSION SOFTWARE DEVELOPMENT PTE LTD At an Extraordinary General Meeting of DIMENSION SOFTWARE DEVELOPMENT PTE LTD duly convened and held at SO Jalan Sultan 116-05 Jalan Sultan Centre Singapore 0719 on 4th October 1990, the following resolution was passed. SPECIAL
      758 words
    • 736 24 IN THE MATTER OF THE COMPANIES ACT. CAP. 50, ANO IN THE MATTER OF TECK TEE TRADING PTE LTD (In CrsdNors* Voluntary Liquidation) NOTICE IS HEREBY GIVEN, pursuant to Section 306 of the Companies Act, Cap. 50. that the Final Meeting of the members and creditors of the abovenamed Company
      736 words
    • 9 24 Managers must manage. BT shows you how every Monday.
      9 words

  • THE TRAVEL PAGE
    • 632 25 ay ETA FlgM mail 1 1 m GA894 0010 SR187 0135 GA890 2226 GA970 2335 RJ182 1445 Iwitwi— GA890 2225 "Mkm OA471 1830 Bakrata TX572 1800 TK573 2045 GA524 0920 infer ftrl 8M2I 1105 Btfjwan ***** 1205 BJ429 2030 ***** 2125 Baagfcafc SRI 86 1040 QF72
      632 words
    • 656 25 LETTER FROM BABYLON NYT MORE than 2,500 years ago, a fabulous city rose on a bend in the Euphrates River. Under King Nebuchadnezzar, Babylon and its hanging gardens became as fabled, and as much a seat of imperial power, as Rome became later. Under President Saddam
      NYT  -  656 words
    • 149 25 As at 3pm yesterdayLocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.4040 1.4340 Canadian dollar 1.4920 1.3120 NZ dollar 1.0600 1.1000 Sterling pound 3.3900 3.4200 US dollar 1.7280 1.7380 Local dollars to 100 mhs of foreign currency Austrian schilling 15.80 16.80 Belgian
      149 words
    • 279 25 Duration Title Venue Organiser Td Duration Title Venue Otynaer *****87 Nov 14-20 International Puis 1/*****000 Oct 1-12 Singapore Business Vancouver, Singapore jw/ar T«chnical Development Montreal, Manufacturers' Mission to Canada A A~x-t.cn Equipment A Mgt I oconto Oct .2-16 Tokyo Pack '90 *> Nov 20-24 Intem-iond Dennurk Bella
      279 words
  • Page 25 Advertisements
    • 30 25 T IUIN LJUJ N vzxxz'S£i&: 151; I\i I• (>i I >n A: i; K.S Air Canada Read CHARTPOINT, a guide to investing in the stock market. Every Saturday in BT.
      30 words
    • 181 25 For Sale. A Top Hotel In One Of New Zealand's Top Tourist Spots. Lakeland Hotel Queenstown f 459 Collins Street, Melbourne. QUEENSTOWN SINGAPORE: Mr Ong Beng Kheong Queenstown is New Zealand's jr Te 6s 535 9622 most popular resort destinations HONG KONG: Mr Peter Ying year round. Lakeland Hotel enjoys
      181 words
  • Page 25 Miscellaneous
    • 292 25 5 Muggins returned to sam- g—^ Jfl Was much concerned TT^B""""Mil about a favourite being reprimanded (8) 10 I I I j 9 Book something to fall 10 Dance originating in Bur- ■fll""'?■■■■ 11 To restrict the beer makes ■Mr~U~ good sense 13 This produces no capital "HHfl' growth naturally
      292 words
    • 212 25 Singapore Outlook: Showers over several areas ia the late moraiag aad afternoon. Report Ma* temp. 33.3 assoc humidity 53% min tempi 25.3* c assoc humidity 98% hrs of sunshine 9.25 rainfall in mm Nil rainfall this mth. 1.6 rainy days this mth. I World forecast Asia-Pacific Hi/Lo* Good. Auckland 21/12
      212 words
    • 24 25 hiLkiAM^WStWi! 1 fTTTrrn feveßVnr^lE soneoNc els Too- > Zo*?K< USUOWSR "**> CP# SfeE. N/QOR LQft'V Clfcftß- /C s "> iys^ O EVEMMO STANOAMO CO. LTD, IW-1M —-J—
      24 words

  • 410 26  -  Businessmen hold short-term view, says survey By Genevieve Cua SINGAPORE businessmen take a short-term view of the Soviet Union, uncertain about business prospects there beyond five years. These are the results of a sample survey conducted by the Trade Development Board, and presented
    410 words
  • 234 26 THE CHAMBERS of commerce and industry of Singapore and the Soviet Union will jointly set up a database that businessmen can tap. The database will be the fruit of a joint chambers of commerce and industry cooperation agreement signed by local and Soviet officials recently. The
    234 words
  • 240 26 Reuter HIGHER oil prices have prompted the government to further cut Taiwan's economic growth target for this year to 5.15 per cent from an August projection of 5.24 per cent. Officials at the Bureau of Statistics in Taipei said yesterday that this was the
    Reuter  -  240 words
  • 343 26 Kit Siang to challenge Chong Eu in Penang Agencies MALAYSIAN Prime Ministers Datuk Sen Dr Mahathir Mohamad's National Front coalition faced a united opposition challenge, winning only two Parliamentary seats unopposed when nominations for the Oct 20 and 21 polls closed yesterday.
    Agencies  -  343 words
  • 342 26 THE SINGAPORE economy will slow from a projected 7.8 per cent this year to S.S per cent in 1991, predicts a Hongkong-based risk consultancy, identifying as the single structural weakness its heavy dependence on the US market. Noting that the
    342 words
  • Page 26 Advertisements
    • 153 26 Sl Baume Mercier GENEVE 1830 j^Bk^j^^HP --—J** "ipu Mi TT Being, 'discovered'by Sir Yehudi Menuhin was a hi&h point in my life. Being hailed by Arthur Rubinstein as the "most wonderful" was the turning point in my career. Now, I perform on the concert stages of the world. And I've
      153 words
    • 9 26 Farther delay to Soviet reform pfau unlikely, Pg 9
      9 words
    • 123 26 M. Baume Mercier GENEVE 1830 THE BIGGEST MOST SPACIOUS 2 LITRE IN TOWN THE HOLDEN VN SERIES Longer and Wider than it's predecessors iHIRHHPi^^^ THE CALAIS The signature model of the VN series, offers you unparalled luxury,from its fuel-injected engine to its beautifully contoured body, the CALAIS is a cut
      123 words
    • 2 26 Anljfris, P|
      2 words

  • Shipping Times
    • 509 27  -  SIA expects boost to Air Canada marketing agreement By Malini Tambyah AIR CANADA'S pullout from the Singapore-London circuit in January will benefit at least three major carriers on the route Singapore Airlines, British Airways and Qantas. Coincidentally, BA and Qantas will be strengthening their
      509 words
    • 175 27 Reuter CAMBODIA opened its first modem overseas telecommunications link as a satellite earth station in the capital Phnom Penh came into service. Australia's state-owned OTC Ltd said its subsidiary OTC International had supplied and installed the earth station under an agreement with Cambodia to develop
      Reuter  -  175 words
    • 322 27  -  By Selva Kumar UNIGLORY has quashed market rumours that it is pulling out of the Middle East trade from next month due to depressed cargo volumes and rates. Officials from RTW shipping, the company's local agent, told BT that they have
      322 words
    • 280 27  -  From Dexter Lee in HELSINKI FINNISH telecommunications giant Nokia has clinched a Ms 4 million contract to supply equipment for Malaysia's latest data communication service called Digitaline. The contract, for more than 2,000 high-speed baseband modems over a twoyear period, will be signed between
      280 words
    • 238 27 INTERNATIONAL passengers using Thailand's three regional airports will soon have to pay an extra 50 baht each as the Airports Authority of Thailand may raise the usage fee to 200 baht. After a similar increase at the Bangkok airport last year, AVC Somboon
      238 words
    • 276 27 THE HONGKONG Association of Freight Forwarding Agents has criticised the government for failing to consult the industry over the new airport project. A South China Morning Post quoted Mr Bengt Sjoberg, its chairman, as saying that the association wanted to be assured that care
      276 words
    • 283 27  -  By Rahita Elias STOLT-NIELSEN, already the world leader in tank container operations, has further strengthened its hold on the market with the purchase of rival company Liquid Gas and Transport (LGT). Stolt already has about 30 per cent of the world market, while LGT
      283 words
    • NEWS SUMMARY
      • 43 27 KOREAN lines first appeared on the world container scene 10 years ago. They were young, hungry and rather crude. Now, though, with their schooling more advanced and government controls relaxed, the Koreans are coming up fast Page 2
        43 words
      • 36 27 THE TANKER MARKET is likely to move into surplus due to the Gulf crisis over the period to 1993, shipbroker H Clarkson and Co said in a report Back Page
        36 words
      • 52 27 KUWAIT AIRWAYS said it will resume regular flights next week to show its flag to the world and to demonstrate the, occupied emirate's defiance of Baghdad. The company's first scheduled flight since Iraq invaded its home base on Aug 2 will begin on Oct 18
        52 words
      • 25 27 FRENCH aircraft maker Aerospatiale said it planned to produce a military version of the new Airbus A 340 aircraft Back Page
        25 words
      • 40 27 JAPAN plans to build a fleet of ships equipped to desalinate, store and transport sea water to land in a bid to alleviate a gradually worsening water shortage in urban areas. Back Page
        40 words
    • LOG BOOK
      • 100 28 BRITISH Telecommunications pic said it will cut the cost to consumers of national phone calls by 7.3 per cent and local calls by 4.5 per cent from April next year as part of a new charging structure. The new structure includes a charge for
        100 words
      • 88 28 SWISSAIR-Schweizerische Luftverkehr said its August results showed that revenue had grown faster than costs for the first month this year. Total revenue rose 11 per cent while costs advanced 10 per cent. In July, Swissair's revenue rose 7 per cent while costs jumped 9 per cent. The
        88 words
      • 85 28 PWA CORP subsidiary Canadian Airlines International Ltd is planning to sell three of its 11 DC-10 planes and the rights to a Boeing 747-400, said company spokeswoman Ruth Montgomery. The sale of the DC-10s is worth about US$l2O million, Montgomery said, while company officials have
        85 words
      • 98 28 TWO NIGERIAN ships bought for US$l32 million to carry liquefied natural gas (LNG) exports have been officially named after two Nigerian towns closely connected with the nation's gas and crude oil installations. The two vessels were named on Tuesday at the Mitsubishi Heavy Industries yard in
        98 words
      • 64 28 A COURT in Liverpool has jailed seven Filipino seamen for between five and 12 years for smuggling 227 kg of cocaine into England. Customs officers seized the drug on a Liberian-flagged merchant ship in April last year, and arrested the seven seamen and an engineer who
        64 words
      • 74 28 OIL tanker/combination carrier tonnage sold for scrap in September fell to 5,500 long dwt from 93,231 dwt in August, although the number of vessels remained at one, London Shipbroker Howard Houlder said. This brought total sales for the first nine months of this year to 668,735
        74 words
    • 1783 28  -  Korean lines first appeared on the world container scene 10 years ago. They were young, hungry and rather crude. Now, though, with tneir schooling more advanced and government controls relaxed, the Koreans are coming up fast. John Crichton sounds out just how far
      Containerisation International  -  1,783 words
    • 458 28 Carbon Cubow Oct g DensityWater Residue Ash Wumrtun Sedtawnt DensityWater Kwkhw Ash Atoiw» Sed !!l!!? \um turn Euon f** 00 KC/M*3t V/V M/M t M M PPM method KG/M*3% V/V M/M M/M method «i!s m ijjjj, ris". Northern Europe 180 Aw 9840 2 13.4 0.04 7
      458 words
    • 12718 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,718 words
    • SHIPS IN PORT
      • 513 43 tout fry Hp Berth WWI Oqartirt Vt««l »oy No Berth Arrival Departs Keppd Whjrves Toba 156 01/90* P2A 1210/0900 12.10/2100 Banglar Maya K32 alongside 11.10/1400 Vietrare 1 07/90 P1A 12.10/0600 1210/2300 Kateng 9007 K31 alongside 16.10/1500 Kota MoW E 865 K33 alongside 15.10/0600 Sefflbawang U Heng 9
        513 words
      • 1180 43 RECEIVING OF EXPORT FCl CONTAINERS AND LCL CARGO Record Bookne/Babnce Rstts Ship Voy No Etb/Btr Period From To From Ace Concord 07/884 13/1100 2 11/1700 12/0659 12/0900 3 12/0700 12/1159 12/1400 4 Cance Ued AgLi, 28 14/2300 4 12/1200 12/1459 12/1700 Ad Goncharov 60MF90 14/1500 3 12/0700 12/1159
        1,180 words
      • 374 43 Fort Klang South Port on Od 11: Soon Hoe berth 1; Bum Ik berth 1; Ming Hu berth 2; Pisces Pioneer berth 3; Jenwin berth 7; Yong Hua berth 7A. KCT: Kota Mesra berth 8; Perkasa berth 8; Ned Oetft berth 9; Maersk Tauro berth 10. North
        374 words
    • 970 43 DRY CARGO freight market rates were generally stable on Wednesday, although no new grain fixtures were reported. Dealers said sentiment was mildly bullish as further enquiry both on Pacific and Atlantic routes was expected soon. The Baltic Freight Index (BFI) was marked up four points with the key
      970 words
    • 468 44 Reuter THE TANKER MARKET is likely to move into surplus due to the Gulf crisis over the period to 1993, shipbroker H Clarkson and Co said in a report. A potential fall-off in oil demand due to declining supplies and higher prices has
      Reuter  -  468 words
    • 271 44 Reuter FRENCH aircraft maker Aerospatiale said it planned to produce a military version of the new Airbus A 340 aircraft. "We will soon produce the Airbus A 340 for the air force, which, one can see very clearly now, needs long-range planes," Aerospatiale
      Reuter  -  271 words
    • 342 44 Reuter KUWAIT AIRWAYS said it will resume regular flights next week to show its flag to the world and to demonstrate the occupied emirate's defiance of Baghdad. The company's first scheduled flight since Iraq invaded its home base on Aug 2 will begin
      Reuter  -  342 words
    • 166 44 JAPAN plans to build a fleet of ships equipped to desalinate, store and transport sea water to land in a bid to alleviate a gradually worsening water shortage in urban areas. "If things continue as they are we are sure the
      166 words
  • Page 27 Advertisements
    • 135 27 HSWS HHG METM. CO PIE LID U TUAS AVC 14. SlMOA*** »U TR£X: RS M 7« 9MMCW. TEL: Ml 5*55 (SknMi mt'AIMI »l I^mraT c!TTlll aM4MW M*iAVM am* tu>a rmuntm r rM f|H «MWM Tok*« •MM cmmrm INW«| Mai Track* M«. r«nM*r«ptt anrriSH OCSION mnovation oemMN OUAUTY CNOweenNO Air Courier
      135 words
    • 25 27 Coatamr SdwMe 17 My 17 Mb to Mwrtea s 3 Staffmi Guric 10,11 StapsMtot 17 Support fita 17 Vwtonport 2 Wottar aid Sm Contain 17
      25 words

  • Page 28 Advertisements
    • 83 28 1 FOR BITS AND 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,
      83 words
    • 9 28 SINGAPORE BUSINESS A MONTHLY MAGAZINE OF OUSINESS TRENDS HCTBBaiW
      9 words

  • Page 29 Advertisements
    • 1831 29 cMuppuig iiuirs, r riuay uttuuci i« iw» jardine shipping aoiicib \lllf/ 200 Cantonment toad #12-05 Soutkpo.nt. Sinppcxe 0208 MBfIfUMH "li" Tel *****11 TELEX NO RS ***** WIIIIIH TERMINAL/CFS Tel *****18 220 CfifiCQ f I BOOKINGS Tel *****34 235 *\EEam «SAKA JARDINE shipping agencies son. bhd PORT KELANG TEL: *****18 TELEX
      1,831 words
    • 1249 29 INDEX TOMWKTjSERS Pace Col Pate Col I I I I ABC Containerize 13 5 Mac-Nds Agencies 14 1/2 Accord Group 8 1-3 Macoline 18 2/3 Ahrcnkiel Liner 16 2 Madju Sdn Bhd 16 1/2 Albalros Se»-Air 14 3 Maersk Line 3 4/5 I Alfred C Toepfer 15 5 Mainfreight 15
      1,249 words
    • 2088 29 ■BimiMi: vnil Voy ETA I ETO 'Port 'Paoang DESTINATIONS Singapore Kalang TlMa «M> MargraOw M (00a Clodng Tlma FaaOar by CY wig o*oo MRS M Farco 4 CFS I*lo 23S® MRS M Tauro Q<U< [LOB HOP MEM ATI MIA CHS BAL PHL WYC MOW TOW margrethe m soot 16/10 17/10
      2,088 words

  • Page 30 Advertisements
    • 1207 30 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE TOKYO BAY 01/525 14/10 31/10 2/11 4/11 5"1 "11 KOWLOON BAY 07/524 18/10 12/11 6/11 8/11. VII 11/11 KURAMA 07/528 21/10 7/11 9/11 11/11 12/11 I*ll OSAKA BAY 96/527 25/10 19/11 13/11 15/11 12/11 18/11 HONG KONG
      1,207 words
    • 572 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC II 28/10 8/11 10/11 15/11 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO, APIA ft NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP SEASPAC II 28/10 29/11 30/11 2/12 Alto acuptini Cargo to Callao (Poru) via Valpa Ag«nta: AJXI) SINGAPORE:
      572 words
    • 1492 30 Q| simmsxM REGULAR INDEPENDENT FULL CONTAINER SERVICE Z WESTBOUND FOR EUROPE I VSL/VOY SIN ALG BCL FEL ROT ANT HAM BRE LHA (VIA (VIA (VIA t ALG) ROT) MAR) N. SUSAN 9032-3 15/10 06/11 09 11 12/11 13/11 15/11 16/11 17/11 21/11 N. SHARJAH 9033-3 22/10 11/11 14/11 19/11 21/11
      1,492 words

  • Page 31 Advertisements
    • 1791 31 SSsteamere Maritime Holdings Ltdl P&O I PTWf STRAITS SHIPPING j| TOk Containers »Ji SM ACCEPTS 001 SAILS I Voy No P Ktaif S'pore ST«r H'burf ffhaven *dam Left CARGO I TOKYO BAY <*/» »1«*««° J*" WJ «1| W} RAJAH BROOKE V2OC Muara, Lib. UK In Port 13 Oct I I
      1,791 words
    • 1662 31 j TO: EUROPE TQ: FAR EAST rp |u dqh HAM B'HVN FIX SPORE HK KAO HOB Ml CHOYANC GLORY 001* 13/10 M 0 W j/}} W VJJ JJjjjjJ SSfSSJ«« SS SS SB Q/10 »1Q CHOYANC SUCCESS Oil* 20/10 7/11 «U *11 Ufl UJ HAN"«I "OTUROAMOIOt I*W Mfw Of^ HANJIN HAMBURG
      1,662 words
    • 430 31 maummm I STRUTS/ JAPAM/ STRAITS SERVICE I SPECIALIST IN RO-RO HEAVY LIFTS I VESSEL CHUN ASIAN COSMIC ASEAN I KUAN STAR CHALLENGE* TRADER I VOY. NO 2 11S 2 J I S'por* SU 17/ M a/11 27/ M IP. Mant SM 20fl0 23/10 30(10 J Hoof Koni 17/ M 24/
      430 words

  • Page 32 Advertisements
    • 690 32 CR NBR ***********-0 EXPRESS SEM-CONTAINERSHIP SERVICE TO EUROPE VSUVOY mi ROAWAOAM H'BURC MOKN ANTWMP vtSSfl 22 alO Sfll »H t)U Vl2 ftSr lill w FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO SkAfKl to hduonwnt Alw accepting cargo to CaMfctanca, Rort Sato, Port Atandria, Genoa, Titafc. ALSO ACCEPTING BOTH CONTAINERS. CONVENTIONAL CARGO
      690 words
    • 703 32 IrtftHANJIN SHIPPING I full CONTAINER SERVICE CHOTANC GLORY OOIW S ,'sw 3mT* "iflT "w' "ST'ST SBIN S««URC 002E ST« 1« I« 21/ 0 an 9 mi Wl 13/11 HANJIN ROTTEROAM 01* 14/ M H. SEOUL ME *11 11A1 CHOYANG SUCCESS 011W Zl/W 1/11 Jill iur»i "frjj CHOYANC CHANCE 0«E 22/
      703 words
    • 1283 32 k -J -T JTRhJ* PMtt SCf HKC KSC KLG WIS MKT OS* SMZ TYO LAX CHS BAL NYCLMV AIM IM FIX NBC SCP «I sff cu i. BiSslSsusn>iHs >2H'iB.| no n/i« i/u iiu !iuwij|uiwpiwi«i»iiJMWiiiM!W I! S !5 l -an 7/ii i/ii i3/ii M/ii wu I*ll a/ii o/ii Ofli m/ii nu
      1,283 words

  • Page 33 Advertisements
    • 1532 33 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 M TERMINAL OFFICE :*****22 DOCUMENTATION DEPT. 27*m\2790U 4 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 KM03)'*****33, P.Kelang-(03) *****87, Penang-(04) *****0, J.Bahru-(07) *****3, *****4 <24, *****,
      1,532 words
    • 1185 33 SNSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: $*****1/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1) *****1 (RE6uLAft Independent service) DISCHARGING FROM EASTBOUNO LOADING FOR WESTBOUND VtSStLS VOVACI |SW«t IMAWIIA HKOwT VOTAg SWE WHAM MOW rHAVtN TttJURY «OTT ANTWERP
      1,185 words

  • Page 34 Advertisements
    • 1431 34 j Y§C\ K line TO ,SHA. LTD. I EXPORT N. AMERICA PACIFIC SOUTH-WEST I I IMPORT N. AMERICA PAVIHC SQVTH-WIST' 7/ MOTHER VESSEL WO* MOOS LB OAR THY FEEDER VCSSU WO* TK* SGP FttDM VESSEL WO* 'INOO 'PK/PMC SCP MOTHER VESSEL WO* LI OAK CXI NYC HENRY M BRIDGE 37
      1,431 words
    • 1094 34 Xfm PHIU-OMCNT UNCS PTC LTD 108 ROBINSON ROAD #07 00 GMG BUILDING SINGAPORE 0106 Y TEL *****22/*****68/*****00 TELEX: RS ***** PHRJ FAX: *****76/*****38 S&R: BY AIR, LAND OR SEA... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION ■■■^H^hhw^HHI^H^BKHSJH^^^QSSSSiB^BBSSI^S^BT'^SSSSSSSSSSI^SSSSSSISSSSSSSSSibSSSSSSSSSESEB 13 OCT Montreal, Ottawa, toronto, VANCOUVER, S-WESTERN
      1,094 words

  • Page 35 Advertisements
    • 1497 35 aaaaDff pacific international lines (PTE) ltd SajgUgiatgi 1 PiL Building, 140 Cecil Street #03-00, Singapore 0106. I fjAKARTA g I I BANGKOK' I ISf 1 ~S. S5. SU SSS. ~8- Sto MAJAPAHIT 6358 WW It/10 HAI TING 02N 14/10 *J«9 I DELTA MAS 17SS 15/10 17/10 21/10 SEA GLORY 02N
      1,497 words
    • 913 35 r BEN LINE CONTAINERS LTD \l 200 Cantonment Road Tel: *****22 I #13-05 Southpoint m Fax- *****63 Singapore 0208. Telex: RS ***** W& EXPRESS CONTAINER SERVICE TO UK/CONTINENT IVQY SPORE P KLANG HAMBURG B'HAVEN ROAM LHAVRE Tnkuo Rau 01/525 14/10 Via Lex 31/10 3/11 5/11 E&X# 97/524 19/10 IWI J"
      913 words
    • 263 35 MYANMA FIVE STAR UNE V (Myanmar National Line) Loading for Yangon (Rangoon) Sport PHf Pw P.Gdf PATHEIN Vlo6# In Nrt U/U OCT HPA-AN Vl5S* 13/15 OCT PAGAN VI&2W 11/U OCT MYOMAYWA VUOMf 2W4 OCT THE BANK LINE SEMI-CONTAINER SERVICE Yl HEAVY LIFT CAPABILITY I EXPRESS TO PAPUA NEW GUINETI Sport
      263 words



  • Page 38 Advertisements
    • 772 38 tgc 11 'JDSR-I IMFSjyY INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT 'OUTBOUND SIM FIX BRV RDM ANT HBG RST PARIS SEN WFO46 17(10 *11 10/11 12/11 13/11 I*ll |TNU£RINC£N 1/90 24/10 17/11 I*ll 11/11 20/11 21/11 PANAMA SEN WFO49 10/10 22/11 23/11 25/11 2*ll 2*ll EUROPEAN SEN WFOSO
      772 words
    • 1118 38 TEL: *****88/*****22 OUR COMSOIIMTION SERVICES Tfc FAR EAST PORT KELANG 19/10 4 26/10 MANILA 13/10*20/10 PENANG 19/10 26/10 BUSAN 20/10 30/10 BANGKOK 16/10 20/10 TOKYO 18/10 4 25/10 HONGKONG 13/10 4 16/10 YOKOHAMA 18/10 4 25/10 KAOHSIUNG 14/10 4 21/10 KOBE 18/10 4 25/10 KEELUNG 14/10 4 21/10 JAKARTA 14/10
      1,118 words
    • 333 38 LOADING FOR ttSSU SNM CM DM tAlttS WflOtO JJO STS VIT PASUA C ISABEL 11/10 M/M 4/11 WU l*fll OfT iosmtN i nu i/u 17/12 *u Hi -on V.MNM I DISCHARGING FM BRAZIL ONLY MI MNI m KEI (USAN YOU IMO MM ■OSTOKEN I nm VU Ml *11 W1 *11
      333 words
    • 1322 38 r faa rsmnr<s v CHUM OCEAN SHIPPING COMPANY I: TEL- *****00 4 1 "SSBflftWar FULL container LINER SERVICE Ttux:k»«-. I ct ho iwp—ai cabucmtTru* General Agents: COQTAR MPPMG FIB. LTD I" 1 vtSStL VOY MP fIX ROT NAM AWT P*K~ VagL/VOV FIX ROT HAM AMT P« QIU ME/S4W UAO I*ll
      1,322 words

  • Page 39 Advertisements
    • 774 39 NIHON-ASIA CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! eta USA All IPI Deslns 19/10. 26/10 11 EUROPE all Ports 20/10, 27/10 BANGKOK 15/10, 19/10 HONGKONG/CHINA 17/10, 23/10 SYD, MEL, ADEL, BRIS 16/10, 24/10 FREMANTLE 15/10, 27/10 MANILA 19/10, 26/10 PKLG/PENANG 17/10, 24/10 Pert Ketano Branch Tel: *****21/2/3 Fax: *****24
      774 words
    • 239 39 MARINE A6ENCIES (S) PTE LTD TEL: *****33 (12 Line*) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Line*) ir-frA ETHIOPIAN SHIPPING LINES r (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOADING FOR SPORE N€TSANET 20WB 2/7 i OARESSALAAM, MOMBASA DJIBOUTI ASSAB MASSAWA ABVOT 23W8 25/11 OARESSALAAM. MOMBASA.
      239 words
    • 777 39 MASKAPAI PELAYARAN V&APULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS O?TT»ORE, INDONESIA, MALAYSIA A THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS, r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 BINGAPORI INDONESIA SCRVJCB VSL VOY SIN JKT PAJ SIN PUL BAHA6IA
      777 words
    • 617 39 BANGKOK CEBU/M ANILA 'VESSEL Ivor J SINGAPORE lANBMK IVOOB. jvOY fPOtt CEBU MAWuI SIRI BHUM# 400N Sat U/10 Tw 10/10 SO ORIENT 41R IN PT Vf» 10/ M MAHA BHUM# 30N Sun 14/10 Wtd 17/10 KITI BHUM OS 10/ M 24/10 20/ M JENLINK 27N Thur 11/10 Sun 21/10 SO
      617 words
    • 373 39 TO AUSTRALIA/NEW ZEALAND 55 |fiiipiiiijrnMi<ii)ii*iiiri»{St*»«r !*»**»«< f huoh S7 wii wm Hii ~w urn wi ncuh m wi lu ifu Cfu 5U am muskl 29 55 5m am SIT uu *u c vemuk m Wi wu 5u 55 55 via 1* DATS TO •TDNET! TO USA/CANADA m |tkw*n Oriaa |CtartalM"
      373 words

  • Page 40 Advertisements
    • 1241 40 r— W a m MAC-NELS SINGAPORE!! ami TIL «M»« mn»r tel «IMM 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 -|\-/\"V"||j BAHRU TEL: (07) *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9
      1,241 words
    • 355 40 ftpTfc 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 PIY AUCK LYT MULBERA ITS It Oct 21 Oct Via NPI 30
      355 words
    • 1257 40 j /SSITHONG SOON LINES'PTE. LTD. i 51 Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 -rr—- 1 CONVENTIONAL/CONTAINER SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH vessel [m leta lin *ssa I m Icta Ikst KIM SOON LI 40/90E 15
      1,257 words

  • Page 41 Advertisements
    • 718 41 mSkvUVuTMttnTuCm 1 Wwv COMPANIA PERUANA jj Nv£dL de vapores "PERUVIAN STATE LINE" S ACCEPTING BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Penang* P Kelang Singapore r KANALEVERETT ltfl» Oct THOMASEVERETT 01/03 Nov 04/05 Nov KARABIEVERETT U/13 Nov 14/15
      718 words
    • 587 41 vsi Ivoy [s po«h Nuinlinen lux [kst [sav |nyc jwnTl :w piraeus int 11/10 i« hongkong ?vn wu WWW tIM SINCAPOftI 3H 21/1* ZIM TOKYO WWU 1W >W W [IM CUT 111 31/10 2HI TOKYO 1/12 lttfU LVU IVI7 17/12 [IM TRIESTE 12K U/U 2M PUSAN IW 1W 2W W
      587 words
    • 619 41 WSING KWANG HANG mmmm hum—ohtahom <ptb> lib WEEKLY LCL/FCL SERVICE VESSEL S PORE JAKARTA SURABAYA JENLINK 16/10 19/10 JEWWEL 119/10 I— 123/10 VESSEL S PORE BANGKOK A VESSEL IS/10 18/10 I A VESSEL 17/10 20' 1 DESTINATIONS ETA SINGAPORE PORT KELANG 1« OCT MANILA 20 OCT HONO KONG. ALL CHINA
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    • 526 41 A PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE/PONTIANAK JAKARTA SURABAYA VESSEL VOV SIN JKT BBY DERAJAT 906 ***** 16/10 PRASETIA 111 A 17/10 20/10 DERAJAT 907 20/10 23/10 PRASETIA 113 A 24/10 27/10 TANTO UTAMA 113 18/10 21/10 TANTO UTAMA 115 25/10 28/10 TANTO UTAMA 117 01/11 04/11 General
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    • 380 41 ik«nA||A|||M sin uum 14/10 KEELUNG/KAOHSIUNG 13/10 BANGKOK 13/10 MANILA/CEBU 13/10 JAKARTA/BELAWAN/SURABAYA 19/10 PORT KELANG/PENANG/E. Malaysia 15/10 BUSAN 15/10 TOKYO/YOKO/KOBE/NGO/OSA 16/10 HONG KONG also acceding cargo to Huangpu/Shenzhen/Fuihou/ Xiamen/Xingang/Shanghai SIN EtfMPE/IK 13/10 LDN/FLX/LVP/SOU 13/10 RDM/HAM/ANT/LE HAVRE/GENOA also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. S|M USA/CAMAM 13/10 LOS ANGELES/NEW YORK all ipi points
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    • 587 42 JSA CB SHIPPING MARINE SERVICES c north queenslano/papua new guinea services CONTJUKR/ICL/BftEAKBUIK SERVICE "ANKE" SERVICE in POM LAI MftlMA T'VILLE V 18S8 S-WIO W 89/11 U 12*11 *21/11 *I*B Z3-24/11 5/12 71/12 10-11/12 *12/12 •T/SHIR "Sw Ej Lm 16/11 > ;/12 raspectiwlf BUNKER SURCHARGE EFFECTIVE 1/9/90 TCU USD2S.SO B/BULK USD
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    • 876 42 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYICHEVSK MERSIN TRIESTE KM. V.lB-90W 22/10/90 16/11/90 7/11/90 12/11/90 i K.V.T. V2OCW9O 22/10/90 12/11/90 13/11/90 18/11/90 SG. V 19-90 W 30/10/90 25/11/90 15/11/90 20/11/90 BA V2ICW9O 5/11/90 27/11/90 29/11/90 3/12/90 A.N. V2O-90W 14/11/90 11/12/90 1/12/90 6/12/90 ALSO ACCEPTING CARGO FOR
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    • 437 42 _^s^e^!^^SHß? A PENANG KLi allied-link SINGAPORE: W04«***** 03-*****55 7TB«B22l22linesSEß| Marina Oog Susan Nfl/Chrlatlna CMaw Dotty Mlrpurl/Eatt»ar Yap I•» I 4 fcs\|i\ Ml lIEO SHIPPING AGENCIES PTE LTD lAI 111 Iff Tlx: RS ***** NEOSHIP Fax *****58 Tel *****29 (6 Lmea) VSL OCT CHITTAGONG/C ALCUTTA VSL 15 OCT TAMATAVE/BEIR A/MOMBASA TlonShan/rongqi/lanshi/xinhui/foshan/
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    • 249 42 FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 18NB 13/10 VIGOUR PACIFIC 19WB 23/10 BANGKOK 14/10 21/10 BUSAH 20/10 22/10 HONGKONG 15/10 18/10 DURBAN 25/10 15/11 KEELUN6 14/10 21/10 PT. LOUIS 25/10 15/11 PT. KELANC 19 10 26<10 KOBE 15/10 22/W PIRAEUS 21)10,29/10 OSAKA 16/10 23/10 JAKARTA 15/10 19/lT SURABAYA 14/10 15/10
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  • Page 43 Miscellaneous
    • 563 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOIA 0000 0100 0200 0300 0400 0500 0600 0700 0100 0900 *************************(00 **********00 2001 21M 22M 23M ft 0 7 09 LI 1.4 1.7 1.9 19 1.9 1.8 1.6 1.5 1.5 1.6 1.8 2.0 2.3 2.5 2.6 2.5 U 2.0 1.7 1.4
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    • 461 44 CHARTPOINT Every Saturday in Business Times EXPORT TO: UK/CONTINENT (TRIO) (SFlw ar'arsr E3fc«r m 38 i» s: MEDITERRANEAN (MED CLUB)* JEDDAH E9H Suif»ort| Piraow 8 colon* ITtoilloi Gonoa Triotto SIN JED uoydiana lv» nas 111 3/11 vu »11 tokyo bat m/m jiio lUI||bIH nipponica am liu im mi wi im
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