The Business Times, 29 October 1990

Microfilm: NL17118
Total Pages: 46
1 46 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times Monday October 29 1990 75* MCI (P) 170/12/89
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  • NEWS SUMMARY
    • Article
      Pretests in HK over disputed islands
      63 1 UP TO 20,000 demonstrators marched noisily through Hongkong yesterday denouncing "Japanese militarism" over the Senkaku islands. Wearing yellow headbands and waving banners proclaiming "down with Japanese militarism" and "never forget the Nanjing massacre", the protesters marched past Japanese department stores to the Japanese Consulate
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    • Article
      S'pore rated highly
      24 1 SINGAPORE is the second most popular investment spot in Asia for German companies, according to figures from Germany's Bundesbank Page 2
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    • Article
      Earnings re-invested
      27 1 ALMOST half of the earnings American investors derived from Singapore last year were re-invested, figures compiled by the US Department of Commerce show Page 2
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    • Article
      Indian plan fails
      29 1 INDIA'S strategy to remedy its massive debt overhang is turning out to be a flop as new foreign investments have all but dried up Page 8
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    • Article
      Tokyo rates rise
      26 1 TOKYO has reported higher-than-expected increases in consumer prices, pushing short-term interest rates sharply upwards and unsettling stock prices and the yen Page 8
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    • Article
      Second highest deficit
      26 1 THE US government has posted a U*****.4 billion deficit, its second highest, in the fiscal year that ended last Sep 30 Page 12
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    • Article
      Thatcher stands alone
      33 1 ELEVEN European Community leaders appeared ready yesterday to abandon Britain's Margaret Thatcher and set a timetable for the next phase of their drive for a single EC currency Page 12
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    • Article
      Jack of all trades
      20 1 THE MAN behind the Teller Cash Dispenser is literally a jack of all trades Page 17
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    • Article
      Call of the East
      16 1 PRAGUE is beckoning SSO leader Pavel Prantl and wife Martina Page 19
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    • Article
      Suez arrangements
      26 1 THE SHIPPING community in the Asia-Pacific region can arrange for all Suez Canal transit services directly from Singapore starting Thursday. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Yard plans issue
      21 1 CEBU SHIPYARD wants to list five million more shares to raise capital for its planned expansion Page 3
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    • Article
      Bourse' new plan
      31 1 ASIA's major bourses are eyeing a possible regionalisation of their blue-chip shares to spur a greater inflow of investable foreign funds and expand their equities market Page 3
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    • Article
      Lau brothers rejected
      26 1 PAUL Y International's minority shareholders have said no to the Lau brothers, who want to buy the company and privatise it Page 4
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    • Article
      Lessons from P Peck
      31 1 THE COLLAPSE last week of Polly Peck International pic highlights the vulnerability of even top-bracket UK companies in the debt markets, say UK bond investors Page 6
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    • Article
      No Aussie recovery
      41 1 AUSTRALIA is unlikely to make an economic recovery until the second half of 1991 and should wait some time before further lowering interest rates, Reserve Bank of Australia governor Bernie Fraser has been quoted as saying Page 6
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    • Article, Illustration
      STOCK INDICES
      26 1 Friday Change BT-MGA 584.05 -15.01 Kuala Lumpur ....500.94 -12.04 Hongkong Closed Tokyo 25,005.64 -346.99 Sydney —.1,354.5 -20.8 New York 2,436.14 -4«.02 London 2,063.1 -25.6
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    • Article
      CURRENCIES
      20 1 ExcfcMft rate US$ SSI.7190 Yen S$ 1.3372 M$ SS0.6373 Moiwy market utes Overnight 7 3/6 7/8 3-month 6-10/16% +1/16
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    • Article
      COMMODITIES
      34 1 London Gold PM fix US$373.70 -US$1.35 R«bb«r S'pore Nov 152.25*/kg +0.25 M'sia Nov 237.00Vkg unch KL Tin Turnover 45 tonnes -11 Spot... M$l6.48/kg -0.03 Crude palm oil Turnover NA lots Nov M$714/tonne +7
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  • Article
    SIA unlikely to match last year's earnings
    692 1  -  Interim group after-tax profits down 12.7 pc By Conrad Raj SINGAPORE AIRLINES is unlikely, for the financial year ending next March, to match its previous year's results which made it the world's most profitable airline. Sluggish traffic growth and higher costs and taxes
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  • Article, Illustration
    DPH investing in Indon hotels
    549 1  -  Three luxury hotels planned for Lombok, Bali and Jakarta By David Chew SINGAPORE-BASED Dusit Pacific Hotels (DPH) Pte Ltd, a joint venture between the Thai Dusit Thani Hotel Group and the Indonesian banking and agro conglomerate Sinar Mas, is investing $100 million to build three
    549 words
  • Article
    Most Asean economies likely to do well despite Gulf crisis
    354 1  -  By Sangeeta Mulchand ASEAN ECONOMIES, with the exception of the Philippines, are expected to continue to perform fairly well in spite of the Gulf crisis, according to a paper presented by the Economic Research Department of DBS Bank. The paper
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  • Article
    Lock icon Bush to sign compromise budget package
    458 1 Agencies PRESIDENT George Bush has pledged to sign a record package calling for nearly US$5OO billion in tax increases and spending cuts. Speaking to reporters after the Senate gave final legislative approval to a five-year budget deal on Saturday, Mr Bush said that as
    Agencies  -  458 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      299 1 BUSINESS TRENDS EXECUTIVE PLACEMENTS *****362 SINGAPORE KUALA LUMPUH JAKARTA HONG KONG SYDNEY Aircraft Schedule 27 Market Renews 22 World News 12,14 The Arts 19 Money Chancer Rates 27 World Stock Markets 24 I Commodities 26 Money Market 25 For market indices, atonal. Crypbc Crossword 27 Reponai News 8 advertising and
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      Page 1 Advertisements Column 2
      187 1 The best just keep getting better... and better... J Lli.Ol brother BBM Business Systems 743-aooo US posts second highest annual bwlget deficit, Pg 12 BT anniversary joy i^vdl JB" I ,'«HB The BT I4th Anniversary Advertising Golf Competition made someone a very happy man. Full report on Pg 15 zl
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        I want to leave behind a system that works: PM
        128 2 PRIME MINISTER Lee Kuan Yew has said that it is his responsibility to leave Singaporeans with a system that works. Speaking in a television interview with a Hongkong station on Hongkong, Mr Lee said that his concern was not with
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      • Article
        Parliament sits on Friday
        19 2 PARLIAMENT will sit on Friday, Nov 9, at 12.30pm, the Clerk of Parliament has announced.
        19 words
      • Article
        Chok Tong's priorities
        112 2 FIRST DEPUTY Prime Minister Goh Chok Tong said on Saturday that he would give top priority to Asean when he becomes Prime Minister next month. Mr Goh is in Bandung, West Java, attending an annual game of golf between the Indonesian and Singapore armed forces. He said
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      • Article
        Spanking new Outward Bound
        73 2 THE Outward Bound School on Puiau Übin is to undergo a $24 million revamp that will transform it into a modern adventure-cum-holiday resort with the latest facilities and state-of-the-art equipment. When it is ready in three years' time, it will be renamed Outward Bound Singapore. Its
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      • Article
        Income distribution in Asean
        65 2 THE Economic Society of Singapore will be hosting the 15th Conference of the Federation of Asean (Association of Southeast Asian Nations) Economic Associations, also known as FAEA, from Nov 15 to 17 at the Equatorial Hotel. The theme will be "Income Distribution in Asean". Singapore will
        65 words
      • Article
        Computer personnel
        63 2 TWENTY-TWO participants from the Philippines, Sri Lanka, Thailand, Indonesia, Malaysia and Singapore have graduated as computer personnel trained under the Third Country Training Programme in Computer Technology, said Parliamentary Secretary (Education Home Affairs) Tang Guan Seng at a certificate presentation ceremony on Saturday. They have all received high
        63 words
    • Article
      Germans keen to invest here
      280 2  -  By Genevieve Cua SINGAPORE is the second most popular investment spot in Asia for German companies, according to figures from the state bank Bundesbank. Over the past decade or so, a total of DMI.B billion had been invested in Singapore, far exceeding the amounts in
      280 words
    • Article, Illustration
      US investors ploughed back half of their earnings in Singapore
      417 2  -  By Chuang Peck Ming ALMOST half of the earnings American investors derived from Singapore last year were reinvested, figures compiled by the US Department of Commerce show. The reinvested profits, totalling US$336 million, would have been bigger if not for
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    • Article
      O Mustad hopes to land factory in Batam
      413 2 STRAPPED for labour, O Mustad Son which produces 1.5 billion fish hooks a year in Singapore is eyeing Batam as a possible site for its labour-intensive operations. The Batam move, to be made next year, will be an extension of the Singapore
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      82 2 x:, i >„ x 1 v j .'A .P. <*; v:; 1 :r v JdL --I V Hr Vj "THE OPTIONS" i: V:V ,J jl r* x '41 .'■< *''f\, > J H■ 1 'M" '•< r <V. v r >»*. 1/ ■sy V ,\> i %i\ -.V <[ :N.
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      Page 2 Advertisements Column 2
      128 2 w I 29PROPERTIESI I with long term leasebacks to Woolworths, I I Australia's largest supermarket retailer. I I AUCTION: 29 November 1990 I I At 10am in the James Cook Ballroom I I Intercontinental Hotel Sydney Australia I I I Jones Lfltig Wootton will be conducting a I I presentation
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Keppel's Philippine unit to list more shares
      442 3  -  Additional capital to help fund Cebu Shipyard's expansion By Al 0 Labita A PHILIPPINE subsidiary of Singapore's Keppel Corp wants to list an additional five million shares on the Manila Stock Exchange (MSE) to help raise funds for its expansion and modernisation programme.
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    • Article
      Lock icon Beijaya Kawat sets sight on a turnover of M$ 120m
      412 3 Bernama BERJAYA Corporation (M) Bhd's steel wire operations are expected to chalk up a turnover of M$ 120 million in the current financial year ending April 30, 1991, director Yong Teck Meng said. He said that the expected improvement at
      Bernama  -  412 words
    • Article
      Asian bourses look to regionalisation
      721 3  -  MARKET TALK By Al O Labita ASIA's major bourses are eyeing a possible regionalisation of their blue chip shares to spur greater inflow of investible foreign funds and expand their equities market. Although critics doubt the plan's viability the region's stock market officials will nonetheless
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    • Article
      Metrojaya to be listed on KLSE by early January
      271 3 METROJAYA, one of the largest department stores in Malaysia, is expected to be listed on the main board of the Kuala Lumpur Stock Exchange (KLSE) in late December or early Jammry. The Maltysimm Business Times reports that the company has embarked
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    • Article
      Lock icon Supreme Corp counts on its strength in property
      432 3 MBT SUPREME CORP will bank on its remaining strength in the surging property sector to gain a re-quotation on the Kuala Lumpur Stock Exchange by April or May next year. The company's shares have been suspended from trading since 1985 at the
      MBT  -  432 words
    • Article
      Lock icon Bank Buruh expects listing by the end of next year
      343 3 Bernama BANK Buruh (M) Bhd is expected to be listed on the Kuala Lumpur Stock Exchange by the end of 1991 after the completion of its restructuring plan, chairman Tan Sri Haji Rozhan Haji Kuntom said. The restructuring plan, which
      Bernama  -  343 words
  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      184 3 Founded in 1926, A.T. Kearney is one of the top management consulting firms worldwide, with an international network of 33 offices in North America, Europe, the Middle East and Asia. A.T. Kearney is management consulting with substance. We go beyond theory. We create solutions solutions that extend from the boardroom
      184 words
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Southland deal may cut profit, says Ito-Yokado
        103 4 ITO-YOKADO Co Ltd's purchase of Corp, if realised could reduce the Japanese firm's group profits in the year ending Feb 28, 1992 due to Southland's debts, an Ito-Yokado official said. Southland's debts total about USSI 8 billion, he said. Southland agreed on Oct
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      • Article
        Three win Indonesian contract
        88 4 TRADING firm Mitsui and Co Ltd, Chiyoda Corp and Thyssen AG unit Thyssen Rheistahl Technik GmbH of Germany have won a US$7OO million order to construct a petrochemical plant in southern Sumatra in Indonesia, Mitsui said. The plant was ordered by the Indonesian state-owned oil and
        88 words
      • Article
        Bond Corp to buy property unit
        61 4 BOND CORP International Ltd, (BCIL) controlled by casino magnate Stanley Ho, has agreed to buy a property unit from Tse Sui Luen Jewellery (Holdings) Ltd for about HK$ 129.25 million. BCIL said the unit, Loywick Development Ltd, owns a 17-storey building in the Kowloon
        61 words
      • Article
        HP signs deal with Indian firm
        90 4 HEWLETT-Packard has signed an agreement with India's Hindustan Computers Limited to sell its latest series 3000 and 9000 computers, says HCL chairman Shiv Nadar. Hew-lett-Packard India, a subsidiary of the US firm, will manufacture the computers in India, offering microcomputer to mainframe capabilities. HCL
        90 words
      • Article
        Isetan raises profit forecasts
        44 4 ISETAN Co Ltd has raised its parent net profit forecast for the year ending March 31, 1991, to eight billion yen from a May forecast of seven billion. The company posted parent net profit of 6.55 billion yen in 1989/90.
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    • Article
      Paul Y's minority holders say no
      446 4 Lau brothers offer to buy firm for HK$ 1,2b MINORITY shareholders of Paul Y International last Thursday said no to the Lau brothers' proposal to buy the company for HK$ 1.23 billion and privatise it, the South China Morning Post reported last Friday. The
      446 words
    • Article, Illustration
      Lock icon Japanese electronics firms show good results
      319 4 UPI FIVE major Japanese computer and electronic equipment makers have reported record sales and profits for the half year ended Sep 30, thanks to robust personal consumption and brisk capital investment by corporations. The companies, however, expressed concern over a slump in their business
      UPI  -  319 words
    • Article
      Lock icon Amcor concerned about short-term profit outlook
      261 4 Reuter PAPER and packaging group Amcor Ltd says its profits in the September quarter were ahead of last year's but below budget. Amcor's chairman, Sir Brian lnglts,lold the annual company meeting in Sydney last Friday that trading conditions had not improved since 1989/90, which
      Reuter  -  261 words
    • Article
      Lock icon Biggest NZ publisher optimistic
      239 4 Reuter NEW ZEALAND'S largest publisher, Independent Newspapers Ltd, sees turnover nearing NZ$l billion in the year to June 30 next year, following recent US and Australian acquisitions, says chairman Alan Burnet. "I will now give you notice next year, with the addition of our new companies,
      Reuter  -  239 words
    • Article
      Lock icon Sumitomo may take on Rolls job
      137 4 Reuter ROLLS-ROYCE pie may ask Sumitomo Precision Products Co Ltd to develop and produce lubricant coolers to be used in its new Trent jet engine, a Sumitomo Precision spokesman said. The Japanese financial daily Nihon Keizai Shimbun said Sumitomo would develop one type of
      Reuter  -  137 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      97 4 i Lufthansa's Asian Commitment: Even better service at our new Singapore office. k a Now, a convenient, new location in the heart of the city. With the Lufthansa staff at its best, ready to assist you the minute you walk in. Efficient, reliable, friendly. Our complete range of customer services
      97 words
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      Page 4 Advertisements Column 2
      162 4 SCREEN PRINTING ASIA"9O U*****,000,000 worth of sales opportunities up for grabs 10,000 expected privileged trade visitors 15 participating countries BE WHERE THE ACTION IS. SMILE YOUR WAY HOME WITH BUSINESS DEALS IN HAND A meeting of screen printing professionals from around the world An opportunity to tap into a US$l3O
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      152 5 We've given the Stock Exchange of Singapore eyes at the back of its head with HP Apollo 9000 Series 400 workstations. The Stock Exchange of Singapore be able to perform multiple tasks outstanding graphics performance, has invested in the revolutionary new more efficiently. And dramatically And the ability to expand
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  • INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Siemens Nixdorf sees loss in the first year
        79 6 NEWLY founded computer firm Siemens Nixdorf Informationssysteme AG (SNI) will not achieve its goal of positive operating results in its first year of existence, according to Heinz-Dieter WendorfT, who is responsible for sales and marketing. The main reason was large losses by
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      • Article
        NS expects slow bookings
        199 6 NATIONAL Semiconductor chief executive officer Charles Sporck said the electronics industry is in a recession and that the company will have very slow bookings in the fiscal year ending May 31, 1991. "I feel we are in a recession right now relative to the electronics industry,"
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      • Article
        Gencor opens new gold mine
        63 6 GENCOR Lid's mining arm Genmin has formally opened its Weltevreden gold mine, saying it is expected to start producing in the first half of 1992. The Weltevreden kilometres south-west of Orkney in the north-western Orange Free State, is expected to reach full production for phase
        63 words
      • Article
        Cummins plans more layoffs
        87 6 CUMMINS Engine Co said it plans more work force reductions as soft demand for its diesel engines continues to hurt earnings. Cummins reported a third quarter net operating loss of US$4.ll a share, before an extraordinary gain of US$l.56 on debt repurchases. The operating loss was
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    • Article, Illustration
      Lock icon Pan Am reveals terms of route sale to UAL
      527 6 Reuter UAL CORP, which agreed to buy Pan Am Corp's key USLondon route for US$4OO million, will hire each Lon-don-based Pan Am employee, other than in-flight employees, in similar positions, Pan Am said. The agreement also requires UAL, owner of United
      Reuter  -  527 words
    • Article
      Lock icon Future of failed Polly Peck uncertain
      430 6 Reuter POLLY PECK International pic may be hoping administrators can keep its worldwide operations intact, but analysts say only a small core of Mr Asil Nadir's far-flung empire is likely to survive a£ ter the accountants finish their job. "If some divisions were sold
      Reuter  -  430 words
    • Article
      Lock icon Renault expects profit to fall to 4b francs
      500 6 Reuter FRENCH state-owned carmaker Regie Nationale des Usines Renault expects group pre-tax profit to fall to about four billion francs in 1990 from 1989's 9.73 billion, managing director Louis Schweitzer said. After taxes, which Mr Schweitzer estimated at between 500 million and
      Reuter  -  500 words
    • Article
      Lock icon Rejection of offer raises fresh doubts over Enimont's fate
      256 6 Reuter CONFUSION surrounding Italian chemicals giant Enimont deepened last Friday after businessman Raul Gardini decided unexpectedly against taking full control of the group, at least for the time being. > State ene& group Mm offered to OawJiffi its 4 stake in
      Reuter  -  256 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      198 6 r- -1 HOW TO SWE YOURSELF PRIME :OFFICE SPACE: I I I I I J WB.T RECORDS STORAGE AND MANAGEMENT SERVICES CAN FREE YOUR PRESENT STORAGE AREAS The most expensive place 11 These will be locked and stored under 24 to store old office records 1I 1 111 QT] 11^^-—fc.
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      Page 6 Advertisements Column 2
      447 6 m XUf DRKIfIS! Hfoni* Ttritmf** IMS The Jakarta Port The First ASEAN Business Summit PROFILE ANATOMY OF ASEAN INC 16 November 1990, at The Oriental Hotel, Singapore The Indonesian Business Data Centre (1BDC) t»d recently finished its premier report on the who is who and who controls what in the
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  • FINANCIAL NEWS
    • Article
      Lock icon UK corporate borrowers struggle as recession hits
      590 7 Reuter THE COLLAPSE last week of Polly Peck International pic highlights the vulnerability of even top-bracket UK companies in the debt markets, UK bond investors said. "In hard times, you tend to trust your instincts and buy the better quality corporate names, but
      Reuter  -  590 words
    • Article
      Lock icon Australia should delay interest rate cut, says chief of banks
      411 7 Reuter AUSTRALIA is unlikely to make an economic recovery until the second half of 1991 and should wait some time before further lowering interest rates, Reserve Bank of Australia Governor Bernie Fraser was quoted as saying. He was asked by
      Reuter  -  411 words
    • Article, Illustration
      Lock icon Latin America taps funds from new sources
      451 7 Reuter NEW BANK LOANS have been cut off to Latin America for eight years but the region is getting growing amounts of foreign funds from new sources such as bonds and stock offerings, investment bankers and government officials said. Significant new bank loans
      Reuter  -  451 words
    • SMALL CHANGE
      • Article
        Sanwa Bank to launch Shanghai venture
        91 7 SANWA BANK LTD wiU launch a financing venture with two Chinese banks and one Hongkong bank in Shanghai in December of this year. Shanghai International Finance Co Ltd, capitalised at US$lO million, will be held 25 per cent each by Sanwa, Bank of China,
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      • Article
        Thyssen gets US$ l.2b credit
        76 7 GERMANY'S Thyssen AG has signed an agreement covering a US$l.2 billion multiple credit facility with a consortium of banks led by Deutsche Bank Luxembourg SA and J P Morgan Securities Ltd, Deutsche Bank said in Frankfurt last week. Deutsche Bank said the credit is being
        76 words
      • Article
        Berisford sells leasing unit
        93 7 BERISFORD INTERNATIONAL pic said it had agreed on terms for the sale of its subsidiary Berisford Leasing to Irish Intercontinental Bank Ltd and other members of the Alman-ij-Kredietbank Group (IIB). Berisford, an international commodity trading group, said in London last Friday that 118 will purchase the
        93 words
      • Article
        Gorbachev signs rouble decree
        83 7 SOVIET PRESIDENT Mikhail Gorbachev has signed a decree setting a new commercial exchange rate of 1.8 roubles to the dollar effective Nov 1, almost triple the established official rate. The decree, published on the front page of Izvestia last Friday, applies to foreign trade transactions, foreign
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  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      102 7 -ffeif. A SYMBOL OF SUCCESS. I )p' 1 J- ft I 1 I V I /<> the hitrsrttwn i>) <<//» /<•;// //><•/ 4 ii i' 'l. an ornate saihlle such us this imlit atett SOH/CO//C /*> /'<' treated n ith great res/iet I *hi I i ii I ter nothing
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  • Page 7 Miscellaneous
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  • THE REGION
    • Article, Illustration
      India's debt-cutting plan not showing results, says banker
      449 8  -  By Harish Mehta INDIA'S strategy to remedy its massive debt overhang is turning out to be a flop as new foreign investments have all but dried up. However, chances of doubling exports by 1994 are bright, says a leading Indian investment banker.
      449 words
    • Article, Illustration
      Lock icon Labour trounced at NZ polls
      499 8 National Party predicted to wield a 39-seat majority UPI NEW ZEALANDERS awoke yesterday to a new National Party government which analysts predicted would wield a whopping 39-seat majority in the 97-seat Parliament. In an unprecedented Labour Party slaughter worse than even the worst poll predictions
      UPI  -  499 words
    • Article
      Lock icon Call for ban on Sarawak hardwoods
      256 8 Reuter THE EUROPEAN Parliament has called for a ban on Imports of tropical hardwoods from Sarawak, describing deforestation by loggers there as catastrophic "Parliament urges the EC Commission to impose with immediate effect a moratorium on imports of tropical hardwood from Sarawak, Malaysia," the
      Reuter  -  256 words
    • Article
      Lock icon Thailand gets US copyright warning
      238 8 Reuter US INDUSTRY GROUPS have labelled Thailand the worst Asian offender against international copyright rules and threatened to file a trade complaint against Bangkok for failing to stop piracy of American tapes, videos, books and software. The threat was made by The International Intellectual Property
      Reuter  -  238 words
    • Article
      Lock icon Unexpectedly high consumer prices boost Tokyo rates
      388 8 IHT THE JAPANESE government has reported higher-than-expected increases in Japanese consumer prices, pushing short-term interest rates sharply upwards and unsettling stock prices and the yen. Consumer prices in Tokyo, which are viewed as a leading economic indicator, rose by 3.1 per cent in
      IHT  -  388 words
    • Article
      Bhutto's party facing close fight in provincial elections
      408 8 FORMER prime minister Benazir Bhutto, having lost Pakistan's national elections, was desperately fighting yesterday to retain her power base in her home province of Sind, according to unofficial results of provincial elections. A spokesman for the Election Commission in Karachi said the
      408 words
    • Article
      Lock icon Vietnamese faces life term for financial scam
      436 8 Reuter Reuter A VIETNAMESE state prosecutor demanded a life prison term for an entrepreneur whose financial dealings triggered the collapse of the country's unregulated credit system, an official newspaper reported on Saturday. Nguyen Van Muoi Hai, head of the now defunct Thanh Huong
      Reuter  -  436 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      100 8 RENAULT NEWS 1,000,000 th Renault 19 In just a little over 2 years time, Renault has sold its one millionth Renault 19. It was handed over to a German civil servant on Friday October 5 1990 at the Berlin Motor Show. The Renault 19 alone captured 3.2% of the European
      100 words
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      Page 8 Advertisements Column 2
      138 8 fcr/ blHi^a iUMIHs il <"■- H ,«ik* H Designed and manufactured from exclusive materials to meet standard requirements. Tested to withstand critical situations. Flotation that substantially exceeds regulations and the competition Thermal protection provides maximum resistance to cold water and ambient air conditions Direct approvals for: Australia Canada Federal Republic
      138 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      334 9 YES. IT IS A VOLVO. I VOLVO ~_.j I Your surprise is completely sale, consistent behav lour of the I lie cars are luted with a understandable. After all. the car as well as excellent comfort. new safety Icaturc the vpomt I sophisticated new Volvo 960 The temperature of the
      334 words
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  • ANALYSIS
    • Article, Illustration
      Tycoons reeling Down Under
      1319 10  -  Florence Chong in Sydney examines the battered fortunes of former high-flying entrepreneurs in Australia Florence Chong Australia's high profile entrepreneurs who expanded their business empires in the 1980s using borrowed money have chalked up tones that are unprecedented in the country's corporate history. The last of
      1,319 words
    • Article
      S'pore direct investments in Japan stand at zero
      963 10  -  Why are Singapore investors fighting shy of Japan? Koichi Ishiyama in Tokyo explores the obstacles Koicm Isniyama GUESS how many Singaporean firms are making direct investments in Japan? Maybe 50 or 100? No, the answer is nowhere near it The correct answer
      963 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      313 10 I introducing tame staueJUß FtoaKOneiechnoiogy mat Connnes GustvoniM Ana StadWty ForlTie Powern Help Prevent why firm mm I I i i. ctmimm KiMumiry >i»i aHmtrntmrnj In a conventional air sys- And because air is not displaeed, i^ tem, a type of "waterbed" Mf fFv remains stable. The end result is
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  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      38 10 Doonesbury BY ga rry trudeau HI THERE, MRS. P! I SUPPOSE NOV YOU KNOW I HOPE YOU USERS* SC&fE? JUSTMTEDTO WUStm HOW UPSET THE NEI6HOORHOOP 'SSL SJOPWTOSMWEUO* OmCJBR UASTOLeARNYOWRBNCfT THE SCENE OUTSfPE ASSSSf KM* U6^ TVI6IL I HOPE.
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  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      133 11 Our Vision Of The Future Of Computing Begins With A BridgeToThe Past Open, Cooperative Computing is NCR's be successful if it doesn't allow you to walking away from your existing investstrategy to help you prepare for the decade build on the investments you've made in ment in systems, applications, and
      133 words
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  • THE WORLD 1
    • WORLD WATCH
      • Article
        Spain grants US$ 1.5b credit to Soviet Union
        77 12 SPAIN granted the Soviet Union a US$l.5 billion credit last Saturday as visiting Soviet President Mikhail Gorbachev concluded two days of taiu with Spanish government officials in Madrid. Under the agreement, the three-year loan will fund the purchase of Spanish goods and
        77 words
      • Article
        Japanese steel exports down
        92 12 JAPAhPs steel exports in the April-September period dipped 18.6 per cent from a year earlier to 8.32 million tonnes, the lowest semi-annual volume in 20 years. The Japan Iron and Steel Federation last Friday attributed the downslide to sluggish exports to cash-strapped China and the Soviet
        92 words
      • Article
        Milestone for Channel tunnel
        89 12 BRITAIN and France, long divided by more than geography, face a historic rendezvous this week when construction crews link up under the English Channel after three years of drilling,, the world's costliest tunnel. The two construction teams will drive a probe through the last 100 metres
        89 words
      • Article
        Smokers hit out at criticism
        53 12 AN INTERNATIONAL smokers' conference, fuming over attacks by non-smokers, has declared that lighting up is a basic human right. The 125 delegates from 22 countries said in a resolution in Helsinki last Friday that they came to support 1.7 billion smokers worldwide from criticism by
        53 words
    • Article
      Lock icon US posts second highest annual budget deficit
      460 12 AP THE US GOVERNMENT posted a U*****.4 billion deficit, its second highest, in the fiscal year that ended last Sep 30, the US Treasury Department has announced. It was the 21st consecutive imbalance between government revenues and spending, although it failed to top
      AP  -  460 words
    • Article
      Lock icon American consumer confidence plunges
      155 12 Reuter CONFIDENCE among American consumers sank this month to its weakest level since the nation struggled through recession eight yean ago, a US research group said on Friday. And more and more Americans expect their economy to get worse, the Conference Board said. The Consumer Confidence
      Reuter  -  155 words
    • Article, Illustration
      Lock icon Gorbachev devalues rouble, eases curbs on investment
      440 12 AP SOVIET President Mikhail Gorbachev has ordered major strides towards a marketbased system, devaluing the rouble, allowing joint-stock companies and loosening restrictions on foreign investments. The new commercial exchange rate for the rouble will go into effect from Nov 1, cutting the value
      AP  -  440 words
    • Article
      Lock icon Thatcher stands alone on monetary union timetable
      397 12 Reuter ELEVEN European Community leaders appeared ready yesterday to abandon Britain's Margaret Thatcher and set a timetable for the next phase of their drive for a single EC currency. "Eleven delegations have agreed on the date of Jan 1, 1994," Italian Foreign Minister
      Reuter  -  397 words
    • Article
      Lock icon Moscow sends troops to Moldavia to avert clashes
      568 14 Negotiations continue after state of emergency imposed AP THE KREMLIN ordered troops to Moldavia last Saturday to try to prevent ethnic violence between Moldavian youths and secessionist Turkish Christians, the official Tass news agency said. Negotiations also continued with the Turkish minority
      AP  -  568 words
    • Article
      Lock icon Taipei opening market to Moscow
      357 14 Move to improve bilateral relations Reuter ANTI-COMMUNIST Taiwan, encouraged by the visit of the mayor of Moscow, will open its market to the Soviet Union as a way of improving relations, officials in Taipei said yesterday. They said the visit by Gaviil Popov would help
      Reuter  -  357 words
    • Article
      Lock icon 200 former E German firms sold, says privatisation chief
      264 14 Reuter THE MANAGER of an agency in charge of privatising 8,000 former East German companies says 200 of them have been sold off so far for a total of one billion marks (USS66S billion). Detlef Rohwedder told a German daily in
      Reuter  -  264 words
    • Article
      Lock icon Oil prices will double if war erupts: Egyptian minister
      377 14 The Gulf Crisis Reuter EGYPTs Oil Minister has predicted a Gulf crisis standoff for several months, but says any war with Iraq could be long, doubling oil prices to US$65 a barrel. "I do not know when war will break out.
      Reuter  -  377 words
    • Article, Illustration
      Lock icon UN puts off vote after hint of softer Iraqi stance
      308 14 AP SOVIET PRESIDENT Mikhail Gorbachev hinted last Saturday that Iraq may be easing its stance in the Gulf crisis and the United Nations subsequently postponed a vote on yet another antiBaghdad resolution at Moscow's request. Meanwhile, diplomats said 300 French
      AP  -  308 words
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      Page 12 Advertisements Column 1
      97 12 Qantas offers more flights to Australia than all other airlines '#^A \^B. m v* 0A a!m Hk' i frA m JBk." m H 1 ,-4 '-**M k\ If you were to put ALL other airlines together, they would still not have as many flights to Australia as Qantas. And because
      97 words
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      297 13 l^yl mIBU 1 A BP A K*!!i^Hi^^q r IS?, 1 PHILIPS PC NOVELL NETWORKING THE LINK TO TEAMWORK IN YOUR BUSINESS. In every business, performance depends on communicate, and people co-operate. We call it teamwork. teamwork for PCs. J I Computers alone are no substitute for human New standards of
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      Page 14 Advertisements Column 1
      151 14 fV 1 7 v'JL ISi- \m THE ORIGINAL. THE COPY. Changing a Beetle into a bug is a breeze with you could ran out an army of Beetles, in hundreds an electronic art studio at your fingertips. And when rt comes to copiers, no one can the remarkable Canon Color
      151 words
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  • SPORTS
    • Article
      Lock icon Advantage to Norman
      428 15 AP JODIE MUDD and Billy Mayfair have the lead, but Greg Norman could have the advantage going into the final round of golfs richest tournament yesterday. Mudd and Mayfair shared the top spot at 205 after 54 holes of the Nabisco Championships, which offers US$3.5 million in
      AP  -  428 words
    • Article, Illustration
      Lock icon Edberg to take on Becker in Stockholm final
      490 15 Agencies STEFAN EDBERG overcame a shaky start to beat Alexander Volkov 7-6, 6-2 on Saturday, setting up a dream final with second-ranked Boris Becker in the Stockholm Open. Edberg, the world's topranked tennis player, struggled with his serve-and-volley game early in the
      Agencies  -  490 words
    • Article, Illustration
      Swe Chew scores
      285 15  -  BT 14th Anniversary Advertising Golf Competition By Cassandra How LIM SWE CHEW walked away from the Business Times 14th Anniversary Advertising Golf Competition yesterday a very happy man indeed. He hit a hole-in-one at the 12th hole of the Palm Course at Raffles Country Club to win
      285 words
    • SIDE LINES
      • Article
        All Blacks recover to tame Barbarians
        82 15 THE All Blacks hit world champions' form again to beat a French Barbarians XV 23-13 in Agen, France, on Saturday. French stars hoping to book a last-minute place in this week's first Test in Nantes had to admit New Zealand's superiority. There was none
        82 words
      • Article
        Belenky grabs title
        69 15 VALERI BELENKY of the Soviet Union profited from a weak performance on the parallel bars by compatriot Vitaly Scherbo to win the men's overall World Cup gymnastics title in Brussels on Saturday. Scherbo, winner of three individual gold medals at the European championships, was in command during
        69 words
      • Article
        Unbridled takes Breeder's Gup
        90 15 KENTUCKY Derby winner Unbridled won the Breeder's Cup Classic in New York on Saturday but his tremendous performance was overshadowed by the tragic deaths of two horses. Go for Wand, a three-year-old filly, broke her right front ankle trying to fight off a challenge from eventual
        90 words
      • Article
        One last time as rivals
        72 15 WEST GERMANY competed against East Germany for the final time in a major international sporting event when the World Rowing Championships began in Australia during the weekend. They are being held outside Europe, traditional seat of rowing, for only the second time. The two German
        72 words
      • Article
        Cuba to challenge Italy
        69 15 CUBA and Italy reached the final of the men's World Volleyball Championships in Rio de Janerio on Saturday Italy winning a thrilling five-set match against hosts Brazil and Cuba beating the Soviet Union in four sets. Italy began badly and with 18-year-old Negrao in tremendous form
        69 words
      • Article
        US routs Japan
        73 15 THE United States defeated Japan by an overwhelming 13-3 margin in the final round to win the U*****,000 Nichirei International Japan-US LPGA golf tournament with a threeround score of 22-1/2 to 9-1/2 points in Inamachi. It was the American team's 10th and six straight victory against two
        73 words
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      Page 15 Advertisements Column 1
      138 15 In Beijing look no further than No. 1. Shangri-La offers two superb hotels at Beijing's No. 1 business address, the China World Trade Center. The China World Hotel features unparalleled luxury, while the Traders Hotel represents outstanding 1 value. For access to Beijing's most convenient concentration of business facilities, restaurants,
      138 words
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  • ENTERPRISE & MANAGEMENT 1
    • Article, Illustration
      Lock icon Who's laughing now?
      1084 16 Reader's Digest has prospered while Life, Look, Saturday Evening Post and most other general-interest magazines have folded or faltered. The Economist takes a look at the magazine's formula for success The Economist Making fun of Reader's Digest is easy. The company's anthem, "I Can Make a Difference",
      The Economist  -  1,084 words
    • Article
      Talking heads a big success
      285 16 NOT long a§o, about 30 executives from Greyhound Financial Corp sat in a meeting room and all "talked" at once. Yet no one was shouted down; no one garnered Brownie points or demerits; no one was intimidated into silence; and everyone's comments were given equal
      285 words
    • Article
      MEMOPAD
      70 16 Seminars and tiviu Dvattan tlb Oct 16- Introduction to lipfiw 9appon 'ITU!* Nov 22 Ml U«c ofGantorf SundwxtaA Wttrf J si?,- sdrf flets, gasTrf TS^" Nov 21 Dimenaonai StuttaKtoA SundHtli A -t,W^ S£S*2> ££S? 2 B Jl 2,,3 SJsLwr 1 T**H Oct 30 III No* 2 Audiuag in u
      70 words
    • Article, Illustration
      Ain't no problem big enough
      1230 17  -  Leif Lundblad, the founder of the Teller Cash Dispenser, breezed into town recently for the opening of his company's marketing office. Schutz Lee talks to tne man behind the machine and finds out what makes him tick Schutz Lee IN 1973,- a company was started
      1,230 words
    • Article
      Economic uncertainty
      89 17 National Management Game THE 36 semi-finalists of the National Management Game have entered a period of economic uncertainty as they start winding up trading in the last two periods of the qualifying round for positions in the finals. The finals will be held at the Singapore Institute of
      89 words
  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      69 16 HluOHfilm m B J HI HH HH A 1 JliW^!TOßrogg?TlW^il^Mif/#l^^^M W w| To satisfy fast paced >;• executive, the Compass Rose introduces the fastest fine lunch in >|* Imaginative daily set menus created with care can to The Nj||i and of course the most spectacular views of Singapore. a carte
      69 words
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      Page 16 Advertisements Column 2
      73 16 Dffvct MoilinQ H I S 1. 'fa. w Hfl B J I s "TCTPrSai'& r X wf liftiiiffi i«H»i iV -1 ,y* Have Your Bags Checked Before You Traw*. J We Will Tell You What Is Not FtifjM. We Mend: Broken Handles/Pull Lowr/Strapt Jammed Locks Missing Wheels Damaged Hinges/AHgnment Cracks/Teara/Dents
      73 words
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      Page 17 Advertisements Column 1
      995 17 SIIIGAPORE AIRLinES LimiTED (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Board of Directors of Singapore Airlines Limited wishes to make the following announcement:1. UNAUDITED RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 1990 THE GROUP THE COMPANY THE GROUP Financial Year 30.9.90 30.9.89 Change 30.9.90 30.9.89 Change 1989-90 S$
      995 words
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      Page 18 Advertisements Column 1
      1174 18 MWI Til WIHE DIME tMH ENTEHTAIN WHERE TO WIHt. DIME MID BHiBTtIM- WHERE TO WINE, DIME I Some like it hot f*i I HHKbK" I *a m f'rz' I Spicv Szechuan dishes served at lunch and dinner dailv I in the cool, inviting atmosphere of Szechuan Court. Reservation, .130 8310
      1,174 words
  • Page 18 Miscellaneous
    • Miscellaneous
      Page 18 Miscellaneous Column 1
      405 18 TELEVISION AND RADIO IKM" J Jm i mmmm>viv'»w"W>p >■■!"">&»■!■! .>„ (Cartoon). Eagles. A historian Lew VerMv mate mv rn3ifl ItIY JLJ.J.CIXV/* XAXT llllilU li|t and Dr Watson come to the story about the town of Cen- V y y 7Ji Count's castle as part of a tennial. Starring David Jans-
      405 words
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  • THE ARTS
    • Article, Illustration
      Miracles happen, but this is still home
      978 19  -  Malini Tarn by ah catches Czech SSO leader Pavel Prantl and his wife Martina Maixnerova just before they leave on tour Malini Tambyah ZECH Singaporm 1 ean violinist and >• pianist couple, X", Martina Maixnerova and Pavel X- Prantl go on tour next
      978 words
    • Article
      Celebration of the harp
      557 19  -  P Y Van reviews last Friday's SSO concert P Y Van "I am called harp by ancient usage, that takes the prize above all other sounds... These words from a fourteenth century sonnet were realised last Friday at one of the regular SSO concerts, when Martin's
      557 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      247 19 AMD ENTERTAIN Set Your Heart r On Our Set Meals. LUNCH II MAM TO BiiCßsfiKiir 2JOPMJ,A 50 V i^BStMWnrßill ™«mon DINNER 4JGFM TO Lt IOJOPM PtR PERSON The Cafe-in-the-Park is well known for > its excellent food. And now, for its value-for-i money set meals. Everyday, except Saturdays. >* r»
      247 words
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      Page 19 Advertisements Column 2
      106 19 Huan Long Court's grand buffet feast is so popular that we are now making it a regular item at our lunch and dinner. So from now on, you can enjoy prized delicacies like Sharksfin, Crab, -63 Suckling Pig, Peking Duck, Prawn, Fish as well as Dian Xin and Assorted Desserts
      106 words
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      Page 19 Advertisements Column 3
      225 19 111 Sflf Mcno for 10. (0-y MMUeriofaM o?** req-, i) ***** Free quart bottle Chlvas Regal or Mvtdl VSOP. Ill] Jiff Mean for f. a]! I Free quart Qrtrai ftagal or K4arttl VSOP. jX| ;.v tiMMMfai ss F™. a*» i«i« MMI vsop. •>;< S i mm fv MARINA lAY COLF
      225 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market stages technical rally before retreating
      4771 20  -  By Diana Oon SOFTER OIL PRICES and news of possible peace in the Gulf sparked a technical rally on the Singapore market early last week. The Straits Times Industrials Index reached a high of 1,210 an Wednesday before fizzling out at the end of
      4,771 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4137 21 Main Board SIA Foreign 1470 +120 8 9% DBS Foreign 1020 +95 +10.3% SPH Foreign 930 80 9.4% Isetan 50« 640 +80 +14.3% Inno-Pac Loan 91 +72 +378.9% NatSteel 690 +60 +9.5% Spore Land 570 +60 +11.8% Jurong Ship 50* 530 +58 +12.3% Asia Pacific
    4,137 words
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  • MARKET REVIEWS
    • Article, Illustration
      Lock icon Wall Street: full speed into a slowdown
      660 22 FT WHAT IS going on inside the head of the great American car-buying public? Doesn't it know there's a war on or at least that there might be? Doesn't it know there's a recession on or could be? Doesn't it know the banks
      FT  -  660 words
    • Article
      Lock icon Stocks retreat after a strong start
      349 22 AFP SHARE PRICES on the Tokyo Stock Exchange opened strongly last week but then retreated on renewed fears of war in the Gulf. The 225-issue Nikkei Stock Average finished on 25,005.64 yen, up 524,15 yen or 2.14 per cent after the previous week's 2,091.33-yen
      AFP  -  349 words
    • Article
      Beware the bad news bears
      846 22  -  By Ray Heath A NEW, and particularly vicious breed of bear is reported to have been stalking the UK stock markets. As with the yeti, there have been no confirmed sightings, but many believe it exists, and if it does, rarely has the environment been
      846 words
    • ASIAN MARKETS ROUNDUP
      • Article
        BANGKOK
        62 22 THE Securities Exchange of Thailand (SET) index rose 36.41 points or 5.6 per cent on heavy turnover last week to close at 688.57. Average daily turnover surged to 80.6 million shares from 38.6 million shares a week earlier. The average daily value of shares traded was 3.3 billion baht
        62 words
      • Article
        SYDNEY
        115 22 RENEWED FEARS about the Middle-East crisis pushed down the Australian market during the week, brokers said. The main market indicator, the All Ordinaries Index, shed 14.1 points or just over one per cent to 1,354.5. The All Industrials Index lost 35.9 points to 2,040.8 while the All Resources Index
        115 words
      • Article
        SEOUL
        43 22 SOUTH KOREAN share prices closed the week higher in heavy trading after taking a roller coaster ride on mar-ket-boosting rumours and strong profit-taking The broad-based Composite Stock Prices Index rose 22.61 points or 3.2 per cent to close on Saturday at 733.05.
        43 words
      • Article
        TAIPEI
        160 22 SHARE PRICES on the Taiwan Stock Exchange surged 13.7 per cent during the week as investors were buoyed by falling oil prices and indications that the Gulf crisis might be resolved peacefully. Following the previous week's 11.3 per cent rally, the 216-issue weighted price index surged 399.46 points to
        160 words
      • Article
        Untitled
        123 22 PRICES rallied on the Jakarta Stock Exchange (JSE) hot week in active trading, boosted by strong buying orders from overseas. The JSE composite index, which fell below the psychological barrier of 400 the previous week, surged by more than 10 per cent to close at 437.757 on Friday from 396.981
        123 words
    • Article, Illustration
      Index puts on 59 points in soft trading
      1113 22 pIWNGKww SHARE PRICES in Hongkong rose in soft trading during the past week, with the Hang Seng Index gaining 58.93 points, or 2 per cent, to dose at 3,050.88. Average daily turnover increased to HK$l.l billion (US$l4l million) against the previous week's
      1,113 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      370 22 NOTICE NOTICE IS HEREBY GIVEN that, I, Elinna Tan Hui Ling of BUc 34 Upper Cross Street #07-158, Singapore 010S have applied for a Ist Class Beer House licence in respect of premises at M/s Esarn Classic Snack House at 5001 Beach Road 101-47/ 48 Golden Mile Complex Singapore 0719
      370 words
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      Page 22 Advertisements Column 2
      347 22 IN THE MATTER OF THE COMPANES ACT, (CHAPTER 50) AND IN THE MATTER OF JOYANCE PALACE RESTAURANT (PTE) LTD. (In Members' Voluntary Wlnding-Up) At an Extraordinary General Meeting of the abovenamed company duly convened and held at 101-A Upper Cross Street, #11-22 People's Park Centre. Singapore 0105 on Saturday, the
      347 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Buyers return in wake of National Front victory
      3971 23 MBT BULLS went on a rampage on the Kuala Lumpur stock market last week following the victory of Barisan Nasional in the general election held over the previous weekend. Despite profit-taking on Friday, fairly widespread double-digit gains were posted. Buyers turned out
      MBT  -  3,971 words
  • Page 23 Advertisements
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      Page 23 Advertisements Column 1
      981 23 Union de Banques Arabes et Francises Hwd Office: 190 Avenue Chartes-de-Gaute ***** Neu«y Cede*, Franc* Singapore Branch: 11 CoHyw Quay #11-01/03 The Arcade. Singapore 0104 (Not* A* figures quoted w thousands of Franch bancs) BALANCE SHEET (after PROFIT AND LOSS ACCOUNT as at December 31, 1960 for the year ended
      981 words
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  • WORLD STOCK MARKETS
    • US blue chips tumble in late sell-off
      • Article, Illustration
        NEW YORK
        1184 24 FEAR of war and worries about the economy battered Wall Street stocks last Friday, but reports that peace talks may be held last weekend sent oil sharply lower at the end of a seesaw session. US blue chips accelerated their losses in late trading on light futures-re-lated sell
        1,184 words
      • Article, Illustration
        LONDON
        900 24 UK SHARES were sharply lower in late afternoon, depressed by worries over a possible Middle East war and a resultant rise in crude oil prices, and by concern about a slowdown in the world economy, dealers said. "No-body knows what is going to happen in the Gulf, that's the
        900 words
      • Article
        AMSTERDAM
        348 24 DUTCH stocks closed a lacklustre day lower, hurt by fears of an outbreak of war in the Middle East and Thursday's disappointing news from electronics group Philips and truck and van maker DAF. Dealers noted some unwinding of positions ahead of the weekend. Lower foreign bourses, especially Wall Street's
        348 words
      • Article
        FRANKFURT
        315 24 GERMAN share prices dropped 2.7 per cent in nervous trading on Friday, as worries about tensions in the Middle East and a jump in oil prices added momentum to a downward technical movement. The 30-share DAX index ended 40.53 points down at the day's low of 1,457.05. The market's
        315 words
      • Article
        PARIS
        189 24 FRENCH share prices closed sharply lower on Friday as investors, uncased by a slight rise in oil prices and increasing concerns about war in the Middle or 1.67 per cent, to 1,618.58 in light trading, with about 1.4 billion francs worth of shares changing, hands. Hachettefen r5.20 to 177.80.
        189 words
      • Article
        Lock icon ZURICH
        330 24 Reuter SWISS shares ended shanty lower on Friday amid fresh fears or a war in the Middle East and rising oil prices, deal* ers said. Wall Street's lower opening contributed to the downtrend, with blue chips hardest hit Volume had increased but in the present uncertain situation nobody wanted
        Reuter  -  330 words
      • Article
        STOCKHOLM
        159 24 THE Stockholm bourse's general index closed down 1.13 per cent to 930.93 in quiet trading as investors nervously awaited this afternoon's announcement of a government austerity program. The announcement was due at 1600 (1500 GMT), and dealers said their nervousness included fears the government would delay a planned reduction
        159 words
      • Article
        Untitled
        647 24 Oct 26 Ctoae Pwrto— NEW YORK Dow Jones 2,436.14 2,484.16 -48.02 NYSE Financial 105.27 108.03 -2.76 SAP 500 304.71 310.18 -5.46 Turnover (million) 130.2 141.5 -H.3 LONDON Financial Times 30 1,598.4 1,617.51 -19.1 FTSE 100 2,063.1 2,088.72 -25.6 Turnover (million) 361.4 320.5 +40.9' AMSTERDAM CBS Tendency Index 96.8 98.2 -1.4
        647 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Greenback still under pressure
      397 25 FOREX MARKET REPORTS THE US DOLLAR ended easier in New York last Friday after a slow session, with dealers reluctant to sell the currency aggressively because of continued worries over the possibility of a breakout of war in the Gulf. "The attention is exclusively on the
      397 words
    • Article
      US dollar firms against yen, ringgit and S'pore currency
      659 25 ASIAN CURRENCIES THE US DOLLAR regained some lost ground against the Japanese, Singapore and Malaysian currencies last week amid increased demand for the US unit. The Australian, New Zealand, South Korean and Taiwan units all firmed while the Indonesian, Malaysian, Singaporean
      659 words
    • Article
      INTERBANK FOREX RATES
      389 25 Cross rates q* 27 USS S$ MS Dm Yen SFr A$ NZS US$ 1.7160 2.6970 1.5145 128.20 0.5107 1.2798 1.2798 1.6367 SS 0.5828 1.5717 0.8826 0.7471 0.2976 0.7458 0.7458 0.9538 MS 0.3708 63.63 0.5615 0.4753 0.1894 0.4745 0.4745 0.6068 Dm 0.6603 1.1330 1.7808 84.65 0.3372 0.8450 0.8450
      389 words
    • Article
      MONEY MARKET
      542 25 Interbank rates s$ Bid Offer Overnight 7 3/8 7 1/2 1-month 6 5/8 6 3/4 2-month 6 5/8 6 3/4 3-month 6 5/8 6 3/4 Overnight mode: 6-3/4 US$ High Low 7 days 8 1/16 7 15/16 1 month 8 1/16 7 15/16 2 months 8 1/16 7
      542 words
    • Article, Illustration
      G-7 banks likely to step in if dollar falls too fast
      722 25 CENTRAL BANKS of the Group of Seven (G-7) industrial countries are unlikely to intervene to support the dollar, but might act to smooth its fall if it dropped too quickly, economists and traders say. "The G-7 is trying to
      722 words
    • Article
      Lock icon Gold drops sharply in two sell-offs
      521 25 GOLD FINANCIAL FUTURES REPORT Sin Hut Bullion SPOT GOLD fell sharply from an initial high of U*****.10/375.60 to the week's low of U*****.50/367.50 last Monday in the first of two large declines which marked the Loco-London trade last week. The second sell-off came after
      Sin Hut Bullion  -  521 words
    • Article
      FINANCIAL FUTURES
      286 25 mm 2*22 PCUTSCHEMAW Open High Low Sett Vol Opflnt Dec 90 0.6629 0.6636 0.6585 0.6594 ***** ***** Mar 91 0.6613 0.6622 0.6578 0.6581 EURODOLLAR Open High Low Sett Vol OpAnt Dcc90 92 04 92 10 92.03 92.08 *****9 *****8 Mar 91 92.23 92.31 92.22 92.30 lAfAHtSC YEW Open
      286 words
    • Article
      PRIME LENDING RATES
      398 25 BANKS ABN Bank 8Vi Allied Irish Bank PLC 8* American Express Bank 8% Am'Dam R'terdam Bank 8V1 Arab Banking Corp 8V» 7tt Asa Commercial Bank IVi ANZ Banking Group 8V« Ban Hin Lee Bank 8% 8V. Banco do Brasil 8V« Bangkok Bank 8V« Bank Bumiputra 8Y» Bank
      398 words
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  • COMMODITIES
    • Article
      Lock icon China to increase grain prices
      412 26 Reuter FOR the first time in 41 years of communist rule, China plans to raise statecontrolled pain prices, Agriculture Ministry officials said in Beijing on Friday. A spokesman for the Agriculture Ministry said that prices would have to rise because grain subsidies were placing too
      Reuter  -  412 words
    • Article
      Lock icon Gulf crisis not enough for clean-energy breakthrough
      381 26 AP THE GULF CRISIS and the oil price surges it Jias caused have highlighted the search for energy alternatives in Japan, which imports virtually all of its oil. Commentators, government officials and nearly every major Japanese newspaper have called for new efforts at
      AP  -  381 words
    • Article
      Gulf sentiment still the dominant factor
      903 26 REPORTS THE GULF CRISIS was still dominating commodities markets last week. A perceived easing of tension there was the early influence, but ahead of the weekend concern was again mounting that war was imminent. Crude oil was the most sensitive indicator of changing Gulf
      903 words
  • Article
    PRICES
    1113 26 Rubber MS (fc»liMw) S cents/kg Int I RSS Owe Oct 22 >53.75 Oct 23 *53.50 Oct 24 >52-00 Oct 25 >52.00 Oct 26 >52-25 mm (ft y«) M«nts/kg Int 1 RSS CioK Oct 22 238.50 Oct 23 238.50 Oct 24 237.50 Oct 25 237.00 Oct 26 237.00 UMBIH (Oct
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  • Page 26 Advertisements
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  • THE TRAVEL PAGE
    • Article
      AIRCRAFT ARRIVALS AND DEPARTURES
      958 27 a» EU FttgW era MUii SQ22 DI1 ft' 8 1900 SQ227 1445 RJ183 2130 2320 r~r KJ 1(M m KL84 t MU iwlvW 1140 GA892 1055 SQ23 1325 KL842 2105 taddMi NZ35 1625 NZ28 S0388 2030 1815 SQ181 1410 SQ182 0915 CI664 QF62 U35 RA408 TG403
      958 words
    • Article, Illustration
      Oddball dining in an odd city
      800 27  -  LETTER FROM NEW YORK By Bryan Miller New york City is a zany place. Eccentricity is not only tolerated here, it seems, but expected. Our street theatre of the absurd provides comic relief, an anodyne for raw nerves. It may be a fat lady
      800 words
    • Article
      MONEY CHANGER RATES
      150 27 As at 3p yesterday; Local dollars to one unit of foreign uiiency Currencies Bid Offer Australian dollar 1.341 1.361 Canadian dollar 1.458 1.478 NZ dollar 1.036 1.070 Sterling pound 3.344 3.364 US dollar 1.7160 1.7260 Local dollars to 100 aid of foreign currrao Austrian schilling 15.90 16.90
      150 words
    • Article
      WORLD TRADE EXHIBITIONS
      75 27 Duration Title Venue Orpniter Td Duration Tide Venue Onmuer XS® Nov 4-9 International Spun Foire De V423.3I.0I Nov 7-11 Intenywod Italy Torino <39)*****9 Chemical Bwcdone N** Tedinotog*s Esposuoni Exhibition Innovations Fair S.pA Nov 12-15 Fue East 90 Hongkong FMJ International *****1611 Nov 6-9 Building Hong Kong Business
      75 words
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      Page 27 Advertisements Column 1
      49 27 A A >"S A Ihc buMiu- p^oti\ I J C, I huml.it. \uurJ.u mil"mrul )v Kii n^i \irprt it ".i hoi.'- uni u L. -9 M JL ilitkrcnt .it:o in *ht Is the in.; In I; ci- ii »»i i- i: r. >ii All: V. S Air Canada 1
      49 words
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      Page 27 Advertisements Column 2
      208 27 Singapore Outlook: Shower* ant several areas ia the bite moraiag and afternooa. Forecast: Max temp. 32.3 assoc humidity 67% min temp. 23.TC assoc humidity 97% rainfall in mm. 3.8 rainfall this mth- 33.0 rainy days this mth. 8 World Report Asia-Vadfic Hi/Lo* Comi. Auckland 21/14 Showers Bangkok 33/26 Showers Beijing
      208 words
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      Page 27 Advertisements Column 3
      139 27 I I i]■ 11 rZ 1 I luples have sex four times a week, some don't have it at all. When, where, I li do couples have sex the November Her World tackles the hot subject I I AND LUST. Also in the same issue IS JOB-HOPPING A WAY TO
      139 words
  • Page 27 Miscellaneous
    • Miscellaneous
      Page 27 Miscellaneous Column 1
      255 27 even clubs and spades 10 a follower cornered while carrying army decorations 11 Irish county prison warder a twister on the bottle which is always wrong (5) 23 Soft ice cream used in sea- J I soned plat du jour (9) 25 Let heat resolve his fitness to compete (7)
      255 words
    • Miscellaneous
      Page 27 Miscellaneous Column 2
      34 27 U JUST'S \T na?»l iters POT IT twis tofv/ —»T'S (uufxr's vt u<e na r I flu. rooo*JUGHT wo gpses., 1 CG.J? J y __.il < <s?i 55(3® c EVIMNOSTAJOAHO CO. LTD- IM3-IM* Vl(sL-. *S»OA
      34 words
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  • Article
    Singapore firms plan expansions in Xiamen
    557 28  -  Rules eased for foreign enterprises From Catherine Ong in XIAMEN TWO Singapore-owned companies are planning multi-million-dollar expansions in the Xiamen Special Economic Zone as the municipal relaxes investment rules for foreign enterprises. Solid Resources formed in Hongkong in 1985 by former Tunas' boss, Tong
    557 words
  • Article
    Lock icon Warning against opening rice market
    173 28 Reuter JAPAN will face a serious decline in economic output more crippling than the 1973 oil shock if it bends to world pressure to open up its closed rice farm sector. The Agriculture Ministry warned in a report on Saturday that Japanese rice producers will
    Reuter  -  173 words
  • Article
    Discussion on intra-Asean trade expected
    454 28  -  From Magdalene Ng in BAU TRADE AND INDUSTRY Minister Brigadier-General (Res) Lee Hsien Loong expects Asean economic ministers to seek more ways to improve intra-Asean trade and investment during the 22nd Asean Economic Ministers Meeting starting in Bali today. Speaking to reporters yesterday, BG Lee
    454 words
  • Article, Illustration
    Bush stays in the swim of things
    49 28 US President George Bash is (airly used to making a splash wherever he goes. It was no different in Hawaii, where the American leader took some time off from a summit of South Pacific leaders last Saturday for a dip off Honolulu.
    49 words
  • Article, Illustration
    Britannia in asset swap with Cadbury
    360 28  -  By Lee Han Shih SINGAPORE-BASED food giant Britannia Brands Pte Ltd will be making a $60 million asset swap with Cadbury Schweppes, a move which will result in Britannia becoming the biggest biscuit supplier in New Zealand. To be announced today, the deal will
    360 words
  • Article
    Lock icon House Democrats petition against US military strike
    282 28 The Gulf Crisis Agencies EIGHTY-ONE Democratic members of the US House of Representatives have signed a statement strongly opposing any offensive military action to force Iraqi occupation troops out of Kuwait. The statement, dated last Friday and made available yesterday, echoed concerns in
    Agencies  -  282 words
  • Article
    Lock icon Ex-Bank Duta director maybe tried in January
    261 28 UPI .THE Attorney-General's office has found strong evidence to support corruption charges against the fired vice-president of Bank Duta and expects a trial by early next year, said an official in Jakarta on Saturday. The Attorney-General's office spokesman, Supriyadi, said that the former
    UPI  -  261 words
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      105 28 PlvgeT JfMLLIER EN HORLOGERIE OEMS 1874 GENEVE jmH v J»: i&iftHi--4Hf Dauphin Sitzkultur Ahealthy backbone is essential FOR PERFORMANCE. Distinguished design and high quality materials express the identity of a company Masterline a programme chairs made in West Germany. Mastorline promotes pleasure and motivation for one's works, thus enhancing performances
      105 words
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      Page 28 Advertisements Column 2
      9 28 Oil prices will double if war erupts, Pg 14
      9 words
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      Page 28 Advertisements Column 3
      295 28 PiageT /WLLIEK EN IKRIDGERIE DEPUISIBM GENEVE ■i m mm NANYANG TECHNOLOGICAL te&l&J INSTITUTE > (To be reconstituted and renamed the Nanyang Technological University in 1991) B 9R Geotechnical offshore structures This course on geotechnical offshore structures is an introductory course p if it primarily for those that have no or
      295 words
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  • Shipping Times
    • Article, Illustration
      Firm set up to arrange Suez Canal services
      403 29  -  By Selva Kumar THE SHIPPING community in the Asia-Pacific region (not only Singapore) can arrange for all Suez Canal transit services directly from Singapore starting Thursday. A new joint venture called International Shipping Enterprise (Far East) aims to bring up-to-date operational information
      403 words
    • Article
      Hi-Rel sues Nostra for delay over goods booked-through-BOS
      380 29  -  By Dexter Lee ANOTHER legal dispute over goods involved in the Baltic Orient Shipping (BOS) debacle earlier this year has surfaced, this time between exporter Hi-Rel (Singapore) and Nostra Shipping. Hi-Rel has taken Nostra to court over the delay in the release
      380 words
    • Article
      Lock icon Group seeks help to develop huge plane
      208 29 NYT A FRENCH group is encouraging international aerospace companies to develop a huge cargo seaplane to be called Hydro 2000. The plane would be about 100 m long, with a projected payload of 880,000 pounds. In comparison, the Boeing Co's largest freighter, the
      NYT  -  208 words
    • Article
      Lock icon Yukong to import Bunker-C oil from Soviet Union
      169 29 Reuter YUKONG LTD, one of South Korea's largest oil refinery companies and part of the Sunkyong Group, will import 260,000 barrels of Bunker-C oil from the Soviet Union this month and next, a Yukong spokesman said. The first shipment of 105,000 barrels
      Reuter  -  169 words
    • Article
      Union Shipping Group's profit increases 23pc
      337 29 THE Australia-New Zealand based Union Shipping Group has reported a net profit of NZ532.47 million for the year to June 30, an increase of 23 per cent over the previous year. Group chairman Roly Hoy said in Sydney that the second successive record profit
      337 words
    • Article
      Kemaman-S'pore run likely to start next year
      315 29  -  By Khaidir Abd Majid A CONTAINER feeder service between Kemaman Port and Singapore is likely to begin early next year when Trengganu Port's stacking yard is fully completed. Kemaman Supply Base (KSB), a State Economic Development Corporation subsidiary which operates the port, is
      315 words
    • Article
      Essar plans joint venture with Stena Offshore
      272 29  -  From Shirish Nadkarni in BOMBAY INDIA's Essar Shipping group is planning a joint venture with Stena Offshore of the UK to undertake specialised offshore activities. These include construction work involving heavy lifts in mid-sea, diving works, and underwater welding works. The proposal to
      272 words
    • NEWS SUMMARY
      • Article
        Brazilian stevedores to go on strike
        79 29 BRAZIL'S stevedores will begin an indefinite national strike on Wednesday, the president of the National Federation of Stevedores said. M We have advised the companies of our strike intentions. There are no planned negotiations with the companies before Oct 31," federation president Francisco Castro
        79 words
      • Article
        More eyeing telecom market
        42 29 THE HUMBLE telephone bill, seldom welcome and often queried, traditionally comes from a phone company. But times are changing. European telephone users in future may find themselves writing cheques to railway, underground, water or electricity companies. Page 2
        42 words
      • Article
        Tanker owners tee long-term optimism
        41 29 DESPITE strict new US oil spill laws and a Gulf crisis that has driven down tanker chartering rates in recent months, analysts say the long-term outlook for tanker owners is not of universal gloom. Back Page
        41 words
      • Article
        Watermark: the history off P & I Onto
        38 29 Watermark: the history off P I Onto THE history of P I Club makes fascinating reading. So today we take a break from the nitty gritty of everyday marine insurance matters to defve into the archives. Back Page
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    • LOG BOOK
      • Article
        Kvaerner wins 700 m crown ship contract
        86 30 NORWEGIAN engineering firm Kvaerner A/S said its shipbuilding unit had won a 700 million crown contract from US-based Amlux Corp to build two 18,600 dwt bulk carriers of orange juice for delivery in 1993. The vessels would be built by Kvaerner Kleven in
        86 words
      • Article
        Iran reopens Abadan airport
        61 30 IRAN began using the Abadan international airport, close to the Iraqi border last week for the first time since the start of the Gulf War 10 years ago. An Iranian C-130 military transport plane landed at the airport for the first time in 10 years, following
        61 words
      • Article
        C$ lb tanker safety programme
        73 30 THE Canadian government should implement a Csl billion programme to ensure greater safety for oil and chemical tankers in northern waters, a government-commissioned report recommended. Vancouver lawyer David Brander-Smith said his report, submitted to the Federal Environment Ministry last week, will be made public within
        73 words
      • Article
        Mayne buys two freight firms
        64 30 TRANSPORT group Mayne Nickless Ltd said it has expanded its Parceline business in Britain by acquiring two parcel freight companies. The vendor and the purchase price were not disclosed. Reds Transport Ltd and Conveyerquick Ltd had combined revenue in 1989 of £7.5 million. liK addition
        64 words
      • Article
        ANA to delay plane purchase
        68 30 ALL NIPPON Airways Co Ltd (ANA) president Akio Kondo told a news conference that ANA will delay making a decision on the purchase of a new 400-seat passenger aircraft until end-November, an ANA spokesman said. Mr Kpndo said ANA's buying committee was to have made
        68 words
      • Article
        New seaport in Bengkulu
        50 30 TtoE CONSTRUCTION of an Indonesian inter-island port in, Bengkulu now underway is scheduled for completion noxt TOrch. Darwis, Gafar, the chief of the provincial office ofT the Indonesian Transportation Ministry, said the port wpuld supplement the existing port at Baai, which has been suffering from congestion.
        50 words
    • Article, Illustration
      Lock icon More eyeing telecom market
      823 30 Times are changing. Technology has come up with a variety of ways to serve European telephone users. Now the race for a piece of the European market nas begun. Reuter The humble telephone bill, seldom welcome and often queried, traditionally comes from a phone company. But
      Reuter  -  823 words
    • Article
      COCKETT BUNKER MARKET REPORT
      860 30 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. TTie Cockett Bunker Price Index change and
      860 words
    • Article
      THE SHIPPING GUIDE
      10713 38 This is a list of ships loading 1 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 1 from the Port of Singapore. Advanced dates are pub- j
      10,713 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        496 45 torn* Mwl wo Hones** 29.10/0600 Hpa* S 1 R32 ***sd« 30.10/0700 I M Boatan IfiOlE CIO (tap* 28.10/2300 Mm OK K33 *x«sdi 2110/1800 ninnti in' i 7 K31 itavadt 2910/0600 S* Mtouya 5 K29 impdi 29.10/1100 Unrm SI K34 *x*w)» 01 11/0600 'Tim Hw 2528 C09 inpdi
        496 words
      • Article
        CONTAINER SCHEDULE
        1096 45 RECEIVING Of EXPORT Fa CONTAINERS AND ICL CARGO 4 TkHH BMttn/Brfnct M« 9# f tor lb Frwi Fw" An Concod 08/389 31/0700 3 29/0700 29/1159 29/1400 4 29/1200 29/1459 29/1700 1 Aa Lite 58 30/2300 1 28/1500 28/1659 28/1900 2 28/1700 29/0659 29/0900 4 29/1200 29/1459 29/1700 Aeufa
        1,096 words
      • Article
        IN MALAYSIAN PORTS
        379 45 NrtlOal Ball at Soft Pvt M Oct 25: 2: Shwkaze; 3: Sang Thai Power, Sinar tean; 4 Kris Madura; 6: Seng Leone 1' Hung Lee 4; Ik Metaka Java. KCT: 8: Bunga Mas; 9 Maersk Tauro, Perkasa; 10: Bunga Penaga, Sea Leopard. Nvti Pwt 11: Ledu; 12:
        379 words
    • Article
      DAILY FREIGHTS
      823 45 THE DRY cargo freight market on Thursday continued to be active although recent setbacks, as high rates could not be maintained, left their mark, brokers said. No new grain fixtures were reported but ore and coal were reported to be reasonably busy. Underlying interest remained strong and the
      823 words
    • Article
      Lock icon Tanker owners see long-term optimism amid gloom
      551 46 Reuter DESPITE strict new US oil spill laws and a Gulf crisis that has driven down tanker chartering rates in recent months, analysts say the long-term outlook for tanker owners is not of universal gloom. Shipowners at a meeting of the International Association
      Reuter  -  551 words
    • Article
      P&I Club: Going back to the roots
      1111 46  -  By Ian Lancaster %The writer is managing director of Citicorp Insurance Broker We have often written in the past about Protection and Indemnity Clubs and the major role they play in marine insurance. The history of P A I Club makes fascinating reading.
      1,111 words
  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      169 29 THE SPECIALIST »t Wire Rope U»hinfl jm Material* m a M MOUTHS Jfir Lifting MP INTERMARIHE SUPPLY CO (PTE) LTD 11,1 TEL: *****33 (6 LINES) FAX: *****77 For other reasons, said in your subscription now. 1 Please send name: Name: j Address: Address: Occupation: Occupation: J Tel: Tlx/Tax: Tel: Tlx/rax:
      169 words
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      Page 29 Advertisements Column 2
      27 29 CocMt taport -2 Contanv SdwMt 17 Mr Fntffe 17 Mb to Mwtoan J Stawat Gm* fell Staps Part 17 Sa«*m Tim 17 «Mtar mt So ConMw 17
      27 words
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      331 30 I ma I Bl M p J BKB M W lwJ^ II al m U BTK\Xim niiii B1 f| Rlrl HI ftlVi 1 (Offices situated in 'Middle East *United Kingdom •Philippines) Professional marine services offered by this well established marine and shipping survey company. Representative now available for discussion in
      331 words
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      Page 30 Advertisements Column 2
      76 30 NOTICE ILV. GLORIA ACS VOT. 1 Arrd Singapore 14.10.00 Consignees of all damaged cargoes ex the captioned vessel Is hereby notified that a General Survey will be held on the 30th October 1000 (Tuesday) Keppel Wharves K 30 at 0000 hours 1200 hours. No further survey will be entertained thereafter.
      76 words
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      Page 30 Advertisements Column 3
      32 30 I 1 JACKUP WORK BARGE j REQUIRE FOR PtIRCHASt WORKING DECK 300 SQMTR. ONE TWO DECKS. REGULAR ACCOM. DEPTH NOT EXCEEDING 5 MTR PIS OFFB M HUL TO:FAX *****68 TLX ***** w
      32 words
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      1392 31 matny sm gSS- ,w ZWI SSsasfim- ««0 PORTKELANG TEL 3N4111 TELEX NO NA*****JNA***** *NANG -<o Miners ru *****6 .JUS w'l IMI CM* I NfK HTC I NTX 1 M hmtLMi*i \IM WA NFK WW [Hfx _ZL W" wi «l 1 iwi rtKMMMiP s oft iflt V» V 1 w «H
      1,392 words
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      Page 31 Advertisements Column 2
      1162 31 MDEXi romwßgsgs Pa* Cd P«l» Col Macoiine It 2/3 Madju Sdn Bhd 16 1/2 aMaersk Line 3 4/S ABCContainerline 13 5 Mamfroght 15 4 I aMISC 14 1-3 iESfsSL !5 5 ,ri Alfred C Toepftr IS 5 APT Line 14 4 Meng Horn* Shpg 15 2 J?S 5 1 Mercury
      1,162 words
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      Page 31 Advertisements Column 3
      1863 31 TTr HKah VMMI Voy ETA I ETD I *Port -Panang s t 1 DESTINATIONS Singapore KMang Th« n* umi u ssss f—of by H9j S,^- »Va« M Ss M Tnro OAK LQB MOO MEM ATI KM cm a«. PICNVC MON Ton METTE M BOOS XVIO 31/10 SM Tsd "TTTTT IWII
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      1050 32 He 'iHSETiVTiHHriV/l^l 1 1 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE MONTE ROSA UTI SWOOLIay wl «a »11 Si 3?o?m!U< 82/537 13/11 vg 3/12 J« KABUGA 12/536 IS/11 10/12 4/12 «/12 3/12 »/12 TnKlO EXPRESS 96/540 18/11 5/12 5/12 ICVI2 CAfISoANBAY 98/539 22/11 17/12
      1,050 words
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      Page 32 Advertisements Column 2
      518 32 irrw|j-yi DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISLA FLOREANA 28/11 10/12 12/12 17/12 ALSO ACCfPTINC CARGO VIA SUVA TO: LAUTOKA, PAGO PAOO. APIA t NUKUAIOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 28/11 30/12 31/12 4/1 Alm accapttni Cirjo to Cellee (Peru) via Valpa SINGAPORE: *****56
      518 words
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      Page 32 Advertisements Column 3
      1162 32 KljtflMMMHtA sm BMM REGULAR MOEPGNDCNT FULL CONTAMC9I aCNVKC wEsT66ofJf> P6R EUROPE i vsuvov sin Ate «a ret nor aht ham me uia n* ft ft sst 1 N. MUBARAK MB4-3 01/11 20/11 23/11 25/11 27/11 30/11 21/11 3WI Jflj N. AL MANSOORAH *35-3 07,11 2tfl 28/11 30(11 02/12 08/12 04/12
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      647 33 9 ■mMMft I SHIPPING PTE LToflllSy Tel: *****77 (12 UnM) Tlx: RS ***** FLCONTR Fax: *****56 I MIDDLE EAST FAR EAST EUROPE SOUTH ASIA "1 DUBAI 4/11 KEELUNG 4/11 HAMBURG 5/11 COLOMBO 3/11 NEW ZEALAND ft KAOHSHJNG ROTTERDAM 5/11 CHjTTAGONG 14$ HI "22® 5® HG ANTWERP 5/11 MADRAS 3/11 WSANGELES
      647 words
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      Page 33 Advertisements Column 2
      1574 33 TO. EUROPE TO: FAR EAST SP IN Ml NAM I'HVN FIX SWf NK MO KM M HANJIN ROTTERDAM «1W B/ll *1/11 22/11 23/11 2*ll 2*ll NANJIN LOJJJK** W *11 S/ll tJU U/ll CHOYANC VICTORY QUW I*ll 21/11 2*ll 30/11 12/12 R3/12 HANJIH 00« Sfll JU WWW HANJIN LEHAVRE IION 11/11
      1,574 words
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      Page 33 Advertisements Column 3
      389 33 STRAITS JAPAN/ STRAITS SERVICE"; SPECIALIST IN RO-ftO HEAVY LIFTS I VESSEL CHAMPION EAST COMC UEAN TRADE RAINBOW CHALLENGER TRAOCR VOY. NO 13 U 2 S S pot 12/U SLO IN FT VU P. Mni 14fll 31/10 «/U ChitUfoof VU Calcutta f/U Yokohama 21/11 Nafoya 10/11 Ouki 17/U StnOMu To*ro 'For
      389 words
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      589 34 rage 9 MttWU CP NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSUVOT SPORC ROAHAOA* H'RURC MOKN ANTWERP ssasf" I sail x vx s fast TRANSIT TIME ACCCPTWQ BREAKBUUVCONTAMERIBCD CARGO BUb|Kt to MnmnL Ate aonpftv ""BO to OmMmo, Port ted. Port Ateantto. Omrt*, Tlteto. ALSO ACCEPTING BOTH CONTAINERS, CMOVVIA T/S TO
      589 words
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      Page 34 Advertisements Column 2
      625 34 HAN JIN SHIHHNU I tfy FULL CONTAINER SERVICE HANJIN HAMBURG M3W aTo' wT wT" SST"" wfT SSSIS U"HAVRE MOE W H."KUWAW 3*U °Sl HAN N ROTTEROAMMIW 3/11 n/1 »U ZMI 2*ll 2*ll HANJIN FELIXSTOWE ME *U H. KUNSANMVE 3*ll 2/12 CHOYANGVICTORYwS I*ll 27/11 m W W W CHOYANG PARK «ME
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      Page 34 Advertisements Column 3
      1014 34 t r i tna W HKC KSC KLC PUS MKT OIK MB TTO LAX CW ML RVC UN MM Mi ru MC HP i OFT to 111-as Ml» V» apt m* VU VU vu W *1 U/U au VU IQ2 Ul I7|U «U MI «I W I GREET REM M»iwl/ul(ut(uuftiwwwmmui2jl2uluiilu*fli-
      1,014 words
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      1519 35 j J NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) l S 7 BOOKINGS: A UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 M AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 tW if TERMINAL OFFICE :*****22 DOCUMENTATION DEPT: *****44/ *****14 MM fIVV CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04
      1,519 words
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      Page 35 Advertisements Column 2
      1103 35 swsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1) *****1 (REGULAR DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VOTAg |g« [MANIIA I MHO*" MTAg SPORt WLAN6 WUR6 »KAVPI TUIHT ROTT »WW" VL KAMCV^
      1,103 words
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      Page 36 Advertisements Column 1
      1453 36 £3 K line KAWASAKI RISEN KAISHA. LTD. /11 1 EXPORT N. AMERICA PACIFIC SOUTH-WEST ~7 IMPORT N. AMERICA PACIFIC SOUTH-WEST ~~~7 fukbvbki w* -moo wy 11 OAK chi nyc7// S»Stf"w V m?Kc rmo mo WO iwo [SswnSo® T' 3n Rj] W W« !K*TSbi X X jnj E"l T »5~ 5
      1,453 words
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      Page 36 Advertisements Column 2
      1085 36 xM PHILI-OIiICNT UN€S PTC LTD i ROAD #0700 QMQ BUttDING SINGAPORE 0108 I 2238 '69.*****00 TELEX: RS ***** PHIU FAX *****76/*****38 BY AIRLAND OR SEA WKE O/V THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION m.l VANCOUVER S'WESTtRN ONTARIO. 4 OCT DUBAI, DAMMAN, SHARJAH, DOHA, CHARLESTON, CHICAGO, I
      1,085 words
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      1333 37 '"ft u > mmDII PACIFIC INTERNATIONAL LINES (PTE) LTD IB■' M J jMßßLßuilding, 140 Cecil Street Sjngaporeolog^__ M[^^M| yul vOt SIN JKT S* VOY SIN MAI OUANO 3«M 30/10 1/11 PCOABUS PIONCER 188N 88/18 Wll 8m iocn c NN mi s/11 8/11 HAI vino om ini «ii «m ■MM t
      1,333 words
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      Page 37 Advertisements Column 2
      894 37 r BEN LINE CONTAINERS LTD N 200 Cantonment Road Tel: *****22 #13-05 Southpoint m Fax: *****63 Singapore 0208. Telex: RS ***** I EXPRESS CONTAINER BERVICE TOUK/GONTHIBfT VESSEL VOY SPORE P.KLANG S*HAMPTON HAMBURG B~HAVEN R'DAM L~HAVRE Monte Rosa' 10/530 Vll ***** 20/11 Via Ha 19/11 Via Rd Toteoa Bay 12/534 6/11
      894 words
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      Page 37 Advertisements Column 3
      308 37 M MYANMA H FIVE STAR UNE (Myanmar National Una) Loading for Yangon (Rangoon) S'pore P.KIf Pw MYOMAYWA Vl3o* m Pt VsN** PAGAN VI63V 7/» No* PATHEIN VIO7W l/U Nov W7IWV BAGO V3IW In Pt (LOADING FOR ROAM/tM»G/A*TW*P) HPA-AN VIS7W 14|ttNw THE BANK LINE (A torvico of Andrew Wok Shipping) \T
      308 words
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  • Page 40 Advertisements
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      776 40 tf INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FLX ORV ROM ANT HBC RST PANAMA S£N WfOM 2/11 25/11 2C/11 21/11 25/11 1/12 EUROPEAN SEN WfBSO 13/11 1/12 7/12 9(12 10/12 12/12 ASIAN SEN wrH2 2S/11 22/12 21/12 20/12 23/12 25/12 lAPAN SEN HFIU 11/12 1/1
      776 words
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      Page 40 Advertisements Column 2
      1126 40 TEL: *****88/*****22 OM CONSOUDATMM SBNICB TO: FAR EAST PORT KELANG 2/11 9/11 MANILA 3/11 10/11 PENANG 2/11 A/11 BUSAN 1/11 8/11 BANGKOK 1/11 VII TOKYO 1/11 8/11 HONG KONG 1/11 8/11 YOKOHAMA 1/11 8/11 KAOHSIUNG 4/11 11/11 KOBE 1/11 8/11 KEELUNG 4/11 11/11 JAKARTA 4/11 11/11 SRI LANKA INDIA CHITTACONG
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      Page 40 Advertisements Column 3
      308 40 HIHB LOADINC FOR VESSEL SfORE CM OM MIRES MEO «KJ mWT PMUA MOSfWtEN I Wl2 14/12 27/U 11/1 17/1 OPT vac.; DISCHARGING FM BRA2IL ONLY sfooE am. m ue msan tw mo km HOSTWEEN I 7/U 12/U U/U 17/U 21/U a/U 27/U a/U V.M8.1 Regular BBuNc and Container Sarvtca Dlrad
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      Page 40 Advertisements Column 4
      1117 40 /fSt fltj& ie 4fr *5? CHINA OCMN SHIPPING COMPANY V" 2, MISTRI ROAD, HMC BUILD)WG owl ¥rT/ rv T 5; S?L«i,B Singapore o»7 FULL CONTAINER LINER SERVICE TELEX coswp CR NO- *****M000M FAX 22KJ6S w. *u. CABLE: COSTARLINC General Agents: COSTAR SHIPPING FIB LTD f MT VESSEUVOY ■ax HOT M>
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      Page 41 Advertisements Column 1
      767 41 NfflON-ASIA I CR **********0N TEL: *****22 FAX: *****86 I < Competitive Rates!! ETA USA All IPI Destns 3/11, 8/11 I I EUROPE all Ports 30/10, 7/11 BANGKOK 30/10, 3/11 HONGKONG/CHINA 3/11, 5/11 SYD, MEL, ADEL, BRIS 29/10, 3/11 FREMANTLE 5/11, 12/11 MANILA 3/11, 8/11 PKLG/PENANG 31/10, 5/11 I Port Kelang
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      Page 41 Advertisements Column 2
      240 41 snmnrarsits ISI m LTD TEL: ,****** (12 Linno) m FAX:i*257ll5/*****03 03 TELEX: R8 ***** RISHIP (3 Unoo) r Cr 1 ETHIOPIAN SHIPPING UNES J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL Rov ETA loading FOR SPORE NTTSANET 20*5 VII OAfIESSALAAM, MOMBASA. DJIBOUTI ASSAB MASSAWA ABYOT 23w5 24/tl DARESSALAAM MOMBASA
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      Page 41 Advertisements Column 3
      797 41 WklrP'T' MASKAPAI pelayaean PapULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OfTRfRE, INDONESIA, MALAYSIA ft THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS. WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 VSL VOY SIN JKT PAJ SIN OKUNOZE 01S 30/10 1/11 4/11
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      Page 41 Advertisements Column 4
      944 41 BANGKOK CEBU/MAHILA MAHA BMUM# 32N Moe la PI Tfcar Iff! |QT| BMUM 401 W1 7/U WII JFNLINK 2MI Wed 31/10 Sit 3/U SO ORIENT 4SR 1/U 14/U Hfll NANTA BMUM 13N Thur 1/U 4/11 WTJ XS/II 22/11 24/11 SIRI BMUM# 440N Fri 2/U Hon 5/U SO ORIENT 47W 23/11 20/11
      944 words
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  • Page 42 Advertisements
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      Page 42 Advertisements Column 1
      1088 42 U Jw Mrt-NEt* SIMBAPOREII eipmt tel 2tmn] iwht til mimmJ 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 |J BAHRU TEL 07 *****2 SIBU TEL: (084) *****2 LABUAN TEL: (087) *****9 I JAKARTA
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      Page 42 Advertisements Column 2
      484 42 BLUE STAR UW SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH A PORT CHALMERS ACCEPTING FCL A LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHL'RCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N. PIY AUCK LYT PROSPECT OB 1 Ho* U No* Via NPL
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      Page 42 Advertisements Column 3
      1199 42 /SCI THONG SOON LINES PTE. LTD. 51 Bras Basati Rd #01-01 Plaza By The Park S (0718) .1 Tel: *****22 fax No: *****73 CONVENTIONAL/CONTAINCR SERVICES *****11 (BOOKING LINES) SINGAPORE TO WEST MALAYSIA* SINGAPORE TO SABAH una Iwt I eta Inn was. m In* IW a KIM SOON LI 42/90E 29
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      Page 43 Advertisements Column 1
      542 43 COMPANIA PERUANA VMX DE VAPOREB "PERUVIAN STATE LINE" ACCEPTING BREAKBULK/FCL/SOC CARGOES; TO/FRON CALLAO, MATARANI, HO* A OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. P Mane Sinppor. TNOHAHVEKCTT No* ®/M No* KARAMCVUCTT 12/14 Now I*l7 No* ROSEEVERETT 20/22 Nov 23/25 No* "EVERETT ORIENT LINE" JAPAN/BAY
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      Page 43 Advertisements Column 2
      555 43 lux fcrr H*v |wrc |Hfx itM SINGAPORE W Hn* mi NOMGKONC n/U Mfll Ml jB Moat ui njvt m tokto uu mu iw iw uu ZM TRIESTI Si uHI ZMPUSAN I*l2 I*l2 WU WU 9(U im MONSMM VU m LIVORNO vi 101 I*l I* m I ZM KOPER X on
      555 words
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      Page 43 Advertisements Column 3
      619 43 WSING KWANG HANGIIj MMN nUUWOHTAnO* (PTD LTD WEEKLY LCL/FCL SERVICE VESSEL SPORE JAKARTA SURABAYA JENLINK 1/11 4/11 JENWEL 103/11 I— 1 00/11 VESSEL SPORE BANGKOK A VESSEL VII 6/11 A VESSEL 10/10 13/11 DCSTMATIONB KTA SINGAPORE PORT KELANG 2 NOV MANILA 3 NOV HONG KONG. ALL CHINA PORTS 3 NOV
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      Page 43 Advertisements Column 4
      485 43 ns PERINTIS LINE I L ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT BBY PRASETIA 11SA 31/10 03/11 PELOPOR 960 3/11 6/11 PRASETIA 117 A 07/11 10/11 PELOPOR 961 10/11 13/11 TANTO UTAMA 115 27/10 30/10 TANTO UTAMA 117 03/11 06/11 TANTO UTAMA 119 10/11 13/11
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      Page 43 Advertisements Column 5
      318 43 ■I SIN FAB EAST 4/11 KEELUNG/KAOHSIUNG 4/11 BANGKOK 3/11 MANILA/CEBU 3/11 JAKARTA/BELAWAN/SURABAYA 2/11 PORT KELANG/PENANG/E. Malaysia 2/11 BUSAN 4/11 TOKYO/YOKO/KOBE/NGO/OSA 7/11 HONG KONG also accepting cargo to HuanflNi/Shenzhen/Fuawu/ Xiamcn/Xingang/Shanghai Ul EHW/K 3/11 LDN/FLX/LVP/SOU 3/11 ROM/HAM/ANT/LE HAVRE/GENOA atoo accepting cargo to Austria/ Hunfary/Roumama/Poiand/Bulpria/Czadi. SIN ISA/CJUMBA 3/11 LOS ANGELES/NEW YORK alt IPI
      318 words
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      Page 44 Advertisements Column 1
      568 44 xAA CB SHIPPING I MARINE SERVICES NORTH QUEENSLANO/PAPUA NEW GUINEA SERVICES CBNTMR/ICL/BRE/UMIU SfflVlCf "AHKE" SERVICE SPC FOB HI Situ LAC rVILLI tm O-K/U 4/U w *12 *l»u T/SMIP -SM Mm- El IM #U BUNKER SURCHARGE EFFECTIVE VIBSB TEU USOS6 00 B/BULK USD 5.40 LCL USD 3.50 SUBJECT REVIEW NMKS ACCEPTH)
      568 words
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      Page 44 Advertisements Column 2
      625 44 SINGAPORE/MEDITERRANEAN FULL CONTAINER SHIP SERVICE VESSEL/VOY ETA SPORE NAPLES GENOA ILYtCHEVSK MERSIN TRIESTE S.G. V 10-90W 3/11/90 27/11/90 17/11/90 22/11/90 B.A. V2ICW9O 7/11/90 27/11/90 29/11/90 3/12/90 A.N. V2O-90W 15/11/90 12/12/90 2/12/90 7/12/90 K.S. V 22-90 A 29/11/90 25/12/90 14/12/90 20/12/90 B.M.T. V.23-CW9O 30/11/90 21/12/90 23/12/90 28/12/90 ALSO ACCEPTING CARGO FOR
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      Page 44 Advertisements Column 3
      264 44 WEEKLY FCL/LCL SERVICE DESTINATIONS ETA SINGAPORE KEELUN6/KAOH o\j\\ 01/11 15/11 22/11 HON6 KONG 31/10 <B/fi 07/H 10/11 BUSAN O/il 12/U 15/11 21/11 Bangkok m/fi iiyTi 17/n 24/11 MANILA 02/11 12/fi 22/fi 02/12 "GTa ra/fi wi iw 24/11 KYC LINE (8) PTE LTD., 15t, CECIL STREET DAPENSO BUILDING, #09-00 BMQAPORE 0106
      264 words
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      Page 44 Advertisements Column 4
      444 44 WLCL/FCL SERVICE TO/FROMjP^^ pfjO KL; allieiximk SINGAPORE: /fffi\ m 04-*****2 09-*****55 778 5522(22 lines) KM Marina Ooj Suaan Ng/CtvMlna CNaw DoNy Mlrpuri/Esthar Yap nTnljl/ 10 smprtNG agencies fte ltd \\ALjll If Tlx RS ***** NEOSHIP Fax: *****50 Tal: *****29 (6 Linaa) A. VSI I NOV CHITTAGONG/CALCUTTA A. VSL 15 NOV
      444 words
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      Page 44 Advertisements Column 5
      248 44 FCL/LCL SERVICES MANILA ETA VIGOUR PACIFIC 20NB 3/U VIGOUR PACIFIC 21WB 13Q1 BANGKOK 4/11 11/11 BUSAM S/ll 12/11 HON6KON6 29/10 1/11 MWBAN 18/11 8/11 KEELUM6 4/11 11/11 PT. LOUIS llftl ay 11 PT. KELAN6 2/11 9/11 KOBE ij «t Ufll PIRAEUS 30/10 9/11 OSAKA </li 13/11 JAKARTA 30/10 31/10 SURABAYA
      248 words
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  • Page 45 Miscellaneous
    • Miscellaneous
      Page 45 Miscellaneous Column 1
      415 45 TIDES AND WEATHER < TOPArS TIDES (hetgtit In metres) tout am mm czh im mm mm mi im mm mi im iim im im mm ism mm 17M not im mi zvoo Z2M zm D 1.1 1.0 as 1.0 1.2 1.5 15 10 11 11 1.9 17 15 15 1.4
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  • Page 46 Advertisements
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      Page 46 Advertisements Column 1
      313 46 CHARTPOINT Every Saturday in Business Times VSL VOY ETA SIN ETA P.PNH TON 6 HOE 14/90 7/11 20/11 CHOLTHEE 19/90 12/11 25/11 For Enquiries Call CALVIN HO/DANY LAU lHll\ HUP HOE SHPPMQ BUERPRBE 1 lIU J TEL- *****86 FAX: *****10 \JHy TLX RS ***** HHBHPG I v PT. PELAYARAN. SAMUDRA
      313 words
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      Page 46 Advertisements Column 2
      637 46 ▲HYUNDAI] MERCHANT MARtiE CO. LTD. EABTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA MK6 SIN I HYUNDAI COMMANOER HE 3/11 Ifll S/ll WWI Ogl MW WjJ WM 2V» 12/10 21/10 JYIJIWPM.It. «WjMl *2 TO W jrUJMItJWMJI. g.
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      Page 46 Advertisements Column 3
      400 46 ICHARTPOINTI Every Saturday in Business Times ■BPy Piwa exporttoT UK/CONTINENT (TRIO) \£.t~* i--[SPO« IS'TOR KMC nuvw rOM OJH "T*- mmiMMiMa vu mi am an i*u aw t. &SZT RHWRH MUIJsf i MH MEDITERRANEAN IMED CLUB)* JEDDAH BIIIPB ks-Sss"*"** wsuurul ft MIDDLE EAST (OASIS)** IHMH IrroM DutAi r— wmit mmain b-qamos
      400 words