The Business Times, 1 November 1990

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 170/12/89 Thursday November 1 1990 75*
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  • NEWS SUMMARY
    • 81 1 THE PHILIPPINE peso was devalued by 8.7 per eent to a new low of 28 pesos to one US dollar yesterday in a move to eneouragc exports and overseas remittances and end speculation. The new level is closer to the black
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    • 25 1 THROUGH several amendments to legislation, the Select Committee on the Maintenance of Religious Harmony Bill has proposed additional safeguards against abuse Page 2
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    • 29 1 PLANNING approvals for the redevelopment of rent-controlled properties, as well as the issue of tenant compensation, will now be handled by the URA. Page 2
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    • 37 1 AS NEW and existing funds complete capital raisings in the next few months, venture capital funds available in Hongkong arc expected to soar by more than US$l billion to over US$2.5 billion. Page 7
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    • 34 1 INDIAN Prime Minister V P Singh has offered to resign as security forces killed at least six people to stop Hindu militants from storming a mosque in Ayodhya. Page 7
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    • 45 1 A US farm Bill recently passed by Congress and ready for White House approval will slash farm subsidies by 25 per cent over the next five years, causing turmoil among farmers and possibly hurting the US position in Gatt talks. Page 8
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    • 25 1 THE FLEDGLING democracies of Eastern Europe arc taking different approaches to privatisation, which is viewed as their only path to progress Page 10
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    • 16 1 DESIGNERS are opting for the cool, carc-frce look for their spring/summer collections Page 17
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    • 26 1 THE Air Francc-UTA merger will give Francc the biggest airline in Western Europe and the sixth biggest in the world. Shipping l imes Page I
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  • MARKETS SUMMARY
    • 30 1 SHARE PRICES opened higher on Wall Street yesterday with the Dow Jones index of leading industrials gaining 10.64 points to 2,458.66 in the first five minutes of trading.
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    • 42 1 LONDON share prices were sharply higher at midday yesterday on speculation of an impending cut in Britain's base lending rate. At about 1230 GMT, the Financial Times-Stock Exchange 100Share Index was up 23.8 points, or 1.2 per cent, at 2,057.7.
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    • 32 1 WITH Goodman Fielder Wattic (Asia) placing out excess shares from its general offer to OCBC Securities, Cold Storage Holdings is assured of keeping its listing status Page 3
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    • 33 1 INNO-PAC shareholders as well as those of Causeway, Lucky Man, Mandarin Resources are obviously eager to know why Inno-Pac has chosen to place its money on Lucky Man Page 3
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    • 22 1 THE Malaysian Director General of Insurance is to introduce guidelines tor investment on shares, property trusts and properties. Page 6
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 571.17 -8.57 Kuala Lumpur ....491.71 -6.19 Hongkong 2.990.96 -20.69 Tokyo 25,194.10 -48.30 Sydney 1.327.2 -1.9 Tuesday Change New York 2.448.02 17.82 London 2.033.9 -28.2
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    • 19 1 Exchange rates US$ SSI. 7060 Yen S$l.*****2 M$ SS0.63I5 Money market rates Overnight 5-7/8 +1/8 3-monlh 6-9/16% unch
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    • 36 1 London GoM AM fix US$379.25 US$5.90 Rubber S'pore Nov l52.25'/kg +0.50 M'sia Nov 237.50*/kg +0.50 KL Tin Turnover 16 tonnes -12 Spot M$l6.35/kg uneh Crude palm oil Turnover 901 lots 124 Nov M$725 /tonne +15
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  • 357 1  -  Companies undaunted by Gulf crisis By Genevieve Cua UNDAUNTED BY the continuing Gulf crisis, paint manufacturers are putting in place multi-million-dollar expansion plans in Asia. They are confident that the region's rising affluence will continue to generate a healthy demand for paints and
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  • 399 1 PRODUCERS of a highquality white pigment titanium dioxide (Tio2) are going ahead with big investment plans in Asia. But the big question is whether the market will be able to absorb the new capacity an estimated 250,000 tonnes a year that will flood
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  • 352 1 The Gulf Crisis Agencies WAR TALK echoed across the Gulf yesterday with Iraq saying a US attack could be just days away and Washington emphasising force as an option. US President George Bush warned that his patience was running out with Iraq's
    Agencies  -  352 words
  • 180 1 AFP AUSTRALIA would consider joining a trading bloc with its Asian neighbours if the current international round of talks on trade reform under Gatt failed. Prime Minister Bob Hawke said on Wednesday. Mr Hawke said Australia had to look at protecting
    AFP  -  180 words
  • 449 1  -  By Dexter Lee SINGAPORE TELECOM yesterday launched Teleview, a computerised system which offers a direct link-up between homes and businesses in Singapore. Speaking at the launch, Dr Yeo Ning Hong, the Minister for Communications Information, noted: "Teleview's up-to-date information will provide business with the competitive
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  • 225 1 SHARES of stockbroking firm Kay Hian James Capcl (KHJC), making its debut yesterday amidst heightened tension in the Middle East, traded below their issue price of 75 cents. In spite of earlier fears of a steeper slide prompted by the abysmal 20
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  • Page 1 Advertisements
    • 168 1 TBurberrys; 3 B<CD J I i |^Reigr^ Advertising Marketing 12 Money Changer Rates 27 World News 8 Aircraft Schedule 27 Money Market 25 World Stock Markets 24 Commodities 26 Regional News 7 Cryptic Crossword 27 Regional Stock Markets 23 For market indices, editorial. Editorial 10 SES 18. 19 advertising and
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    • 9 1 Iraqi forces in Kuwait preparing for battle. Pg 8
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    • 37 1 BALLY Suit Afft'nt tUilly Singapore Me Ltd M E m 1 I hi jk 1 1111 i I i M ARC Vote compin* harcar? far W \W\ »Nny«C«f SKiyuu uk Hw Owr Liqua IV Get The Look.
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  • HOME NEWS
    • NEWS ROUNDUP
      • 140 2 SOME 19 PER CENT of air passengers in the Asean region buy alcoholic drinks at airport shops, according to a survey on purchasing of duty-free goods at major airports in South-east Asia. The survey was recently published by the European Data Research Ltd which
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      • 109 2 YOUNG JAPANESE WOMEN, currently Singapore's single biggest group of designer label customers, are also popping over to Malaysia on shopping sprees. Nearly half of all Japanese tourists visiting Malaysia so far this year are young lady office workers, according to a report by the Malaysian Ministry for
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      • 68 2 DATO Alexandra Lee Yu Lung, Deputy Minister for National Unity and Community Development of Malaysia, will visit the People's Association and its East Coast Sea Sports Centre and the Tampines North Community Club today. Mr Lee Yock Suan, Minister for Labour and Deputy Chairman for
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      • 55 2 SINGAPORE'S Ambassador to Indonesia, Barry Desker, will deliver a public lecture on "What Singapore can learn from Indonesia". Organised by the Institute of Policy Studies, the lecture will be held on Tuesday, Nov 20 at 6pm in the Auditorium of the Hon Sui Sen Memorial Library in
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      • 124 2 IN AN ARTICLE yesterday, we quoted the Urban Redevelopment Authority as saying that it might start selling land in Marina South this year. It should have been next year, as was correctly stated in the headline "Marina South land sale likely to start next year". And in
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    • 624 2  -  President will have to confirm a restraining order By Anna Teo THE SELECT Committee on the Maintenance of Religious Harmony Bill has, through several amendments to the legislation, proposed additional safeguards against abuse. Chief among the changes, made after considering the views of
      624 words
    • Article, Illustration
      280 2 National Productivity Month WORK THAT is 100 per ccnt right that is the emphasis for this year's National Productivity Month Campaign to be launched today by First Deputy Prime Minister Goh Chok Tong. The year's campaign will promote the concept that quality work that is 100 per cent
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    • 180 2  -  By Elaine Koh THE PLANNING authorities have streamlined procedures for a "one-stop" approach for owners of rent- controlled properties who wish to redevelop their sites. Planning approvals for redevelopments of rent-con-trolled properties, as well as the issue of tenant compensation, will now be handled by
      180 words
    • 271 2 AN AWARD is being initiated by the Rotary Club of Singapore (RCS) to recognise local businesses and individuals who have contributed to keeping the environment clean. The club has already contacted a few companies to coorganise the event to be held in June,
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  • Page 2 Advertisements
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • 351 3  -  By Elaine Koh COLD STORAGE Holdings is more than assured of keeping its listing status with provisions made by major shareholder Goodman Fielder Wattie (Asia) to place out excess shares from its general offer to OCBC Securities. This was stated in the offer
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    • 173 3 Bernama MBf HOLDINGS Bhd is again on the acquisition trail, this time by taking 100 per cent equity stakes in three property development companies for M 594.06 million to reinforce its position in the rapidly growing property development sector. The three companies are
      Bernama  -  173 words
    • 251 3 SESDAQ-LISTED Horiguchi Engineering has formed a joint venture with Eastburn Engineering to acquire an engineering company, Servtech International (SIPL) for $2 million. The joint venture, Horiguchi Eastburn Holdings (HEH), is 51 per cent owned by Horiguchi, and 49 per cent by Eastburn.
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    • 249 3 JACKS International, part of Malaysia's Johan group and owner of the Nature's Farm health food chain, has painted a gloomy outlook for the rest of this year, with the release of a set of disappointing first half results. Although profit after tax and minorities showed
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    • 695 3  -  THE HOCK LOCK SIEW COLUMN By Amy Balan THE LONG trail left by fugitive businessman Ho Hua Min through a string of listed companies in Singapore, Malaysia and Hongkong is still being traced five years after he disappeared from
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    • 345 3 Bernama MALAYSIAN multinational Sime Darby Bhd is actively negotiating to set up a second palm oil processing plant in Egypt and is planning similar ventures in China and Vietnam, its group chief executive officer Tunku Datuk Seri Ahmad Bin Tunku Yahaya said yesterday.
      Bernama  -  345 words
    • 182 3 THE STOCK Exchange of Singapore has queried InnoPacific Holdings about its recent acquisition of a 26.3 per cent stake in Hongkong-listed Lucky Man Properties for HK534.55 million from three vendors. It wants Inno-Pac to explain why a put option was not obtained from
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    • COMPANY BRIEFS
      • 75 3 SHAREHOLDERS of Inno-Pacific Holdings yesterday approved the company's purchase of two shares of $1 each in the capital of Haglcy and Hoyle Pentagram Design Pte Ltd from Marisca International for which Inno-Pac directors were authorised to issue 8.67 million new Inno-Pac shares as payment. At the
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      • 93 3 INTER-PACIFICs group managing director Patrick Low Han Hing said the company had identified three more of its many subsidiaries for listing next year. They are Prudential Assurance Bhd, a 65 per cent-owned subsidiary, 51 per cent-owned Intcr-Pacific Securities Sdn Bhd (formerly Malayan Traders and Co
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      • 79 3 TRANSPORTATION-BASED Park May Bhd, which made its debut on the Kuala Lumpur Stock Exchange yesterday, can still meet its profit forecast of M 515.76 million for the year ending June 30, 1991, despite increases in the price of dicscl fuel, executive director Mr Yee Fook Loong
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      • 84 3 UNITED Engineers (Malaysia) Bhd aims to become a total engineering company which will be in a position to undertake turnkey projects apart from providing a range of engineering services, executive director Anuar Othman said yesterday. Speaking to reporters after the company's extraordinary general meeting, he
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      • 77 3 GLENEALY Plantations (Malaya) Bhd hopes to benefit from an upturn in commodity prices after seeing reduced profits because of weak prices in the financial year just ended, says chairman Tan Sri Lee Loy Seng. He said in the company's latest annual report that the group's plantation
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      • 81 3 TOTAL cash calls in the form of rights issues, new public flotations and other special issues have tied up M$ 1S billion over the past 16 months, Malaysian Investors' Association president Patrick HS Lim says. Before the end of this year another M 52.5
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  • Page 3 Advertisements
    • 158 3 Since 1735 there has never been a quartz Blancpain watch. And there never will be. m, 1 I fa— N A i |IIW 1. I k\ j f>. \T~ m >< NX b V) lift <?>,, Ik. &> X. wwßk .X" <-e \> /VM^^m Cj? \yyM m Model shown 6595-1418-58
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • 65 4 THE ADELAIDE Steamship Co Ltd is holding talks with bankers and advisers over its proposed asset sale and debt reduction programme which it hopes will restore market confidence in the company. In response to a price query from the Australian Stock Exchange, Adsteam said recent
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      • 131 4 HONGKONG-LISTED Jardine Matheson Holdings Ltd said its shares had been admitted to the Official List of the Australian Stock Exchange and trading is expected to start today. The trading group, also listed in London and Luxembourg, said it sought the Australian listing as part of a
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      • 63 4 LUCKY GOLDSTAR International Corp and Goldstar Information and Communications Ltd, both of Lucky Goldstar Group, will together export US$lOO million worth of digital telephone switching systems and related equipment to Bangladesh over 10 years starting this month. A Lucky Goldstar spokesman said the contract was
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      • 60 4 JAPANESE electronic parts manufacturer Alps Electric Co Ltd said its net profit fell by 18.5 per cent from a year earlier to 2.5 billion yen (US$lB.l million) in the six months to September. Sales grew by 10.5 per cent to 177 billion yen (US$l.3 billion)
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    • 604 4 Mandatory bid at bargain basement price succeeds Reuter NEW ZEALAND'S Brierley Investments Ltd won control on Tuesday of Britain's second largest hotels group Mount Charlotte Investments pic, in one of the oddest hostile takeovers the UK can recall. "It was a bid made
      Reuter  -  604 words
    • 357 4 THE SECURITIES Exchange of Thailand (SET) plans to tighten up regulations governing new listings, The Nation reported on Monday. A package of regulations, expected to go to the exchange's board of directors by early this month, brings major changes to existing rules. Among
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    • 426 4 Bernama LASER DISCS will have a great impact on the entertainment industry with better audio and video features, Sony Corporation chairman Akio Morita said on Tuesday. Sony, he added, placed great emphasis on laser disc technology as the company was the biggest
      Bernama  -  426 words
  • Page 4 Advertisements
    • 450 4 «YOUR CONNECTION THE MEGA EVENT I AND FIND OUT f WHAT'S CURRENT < Asia's largest electrical electronics forum \.6t. a a November 7th to 10th 1990,11 a.m. -*fp.m. Daily. AAA Changi International Exhibition Convention Centre (CIECC) Singapore INPRO '90 Visit the Mega Event and you will see Asia's largest presentation
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    • 68 4 A new, compact, twice-a-year, full-colour digest for the business traveller... This is VIET N,A M Features How to Do Business Travel Tips Maps Hundreds off Business Contacts US$2O US$3 post♦ packaging (Payable to This is Vietnam.; AMEX accepted Fax orders: (852) 845-2986 This is Vietnam, #3201 Bank of America Building.
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  • INTERNATIONAL COMPANY NEWS
    • 437 5 Chairman Asil Nadir says he has done no wrong Reuter POLICE raided Polly Peck International's London headquarters on Tuesday to try to find out what caused one of Britain's biggest corporate failures, but the company's embattled chairman said he had done nothing wrong. The Serious
      Reuter; Reuter photo  -  437 words
    • 345 5 NYT FORD MOTOR Co turned in its worst quarterly performance since the 1982 recession with a 78.7 per cent drop in third-quarter profit caused by weak automotive business and by a $44.6 million loss at First Nationwide, its savings and loan subsidiary. Ford's worldwide
      NYT  -  345 words
    • 469 5 NYT USX Corp, which earlier this year fought a protracted proxy battle against a proposal to separate its steel business from its vast energy holdings, said on Tuesday that it would transfer its steel operation to a wholly-owned subsidiary. Steel industry analysts speculated that
      NYT  -  469 words
    • 209 5 UPI CHRYSLER Corp and the United Auto Workers announced on Tuesday a tentative three-year agreement that UAW president Owen Bieber hailed as "a pattern settlement in all respects" to the ones reached earlier at General Motors Corp and Ford Motor Co. The pact, covering
      UPI  -  209 words
    • 189 5 Reuter AN EXAMINER probing the indebted empire of Irish businessman Larry Goodman said on Tuesday he thought Europe's largest beef processor could be salvaged. "If I were a betting man, I would say the chances of having a work-out are reasonably good," Examiner Peter
      Reuter  -  189 words
    • COMPANY BRIEFS
      • 97 5 INITIAL synergy benefits from The Rank Organisation pic's acquisition of Mecca Leisure Group are estimated at £14.5 million per annum. Rank said. The new divisional structure incorporating the Mecca businesses will be fully operational today. Rank said. The savings will come from lower corporate
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      • 115 5 THE FRENCH Thomson SA electronics group on Tuesday reported a half-time net loss after minorities of 270 million francs (about US$4B million) compared with a profit of 71 million francs in the same period of last year, the company announced on Tuesday. It said the
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      • 99 5 CHEMICALS group BASF AG said it had reached a cooperation accord with leading east German vitamip mixtures maker Dr Ponsold GmbH in the field of animal feeds. "(Since October 3) the (western German) law on animal feeds also applies in five eastern German states
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      • 53 5 INTERNATIONAL Business Machines Corp on Tuesday unveiled two new high-end models of its personal computer line that use one of the most powerful microprocessors available. IBM says the new computers perform up to 2 x h times faster than the previous top model of the
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  • Page 5 Advertisements
    • 56 5 francesco smalto PARIS i IF A STATESMAN'S APPEARANCE BEFORE MILLIONS EACH TIME IS UNNERVING. THINK OF HIS TAILOR'S RESPONSIBILITY FRANCESCO SMALTO BOUTIQUE 290 Orchard Road '01-13 14 The Paragon Singapore 0923 Tel *****65 FRANCESCO SMALTO CORNER Offenbach 304 Orchard Road #01 36C Lucky Plaza Singapore 0923 Tel *****41 A quality
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 104 6 THE SWISS UNIT of Daiwa Securities Co Ltd has been granted a banking licence by the Swiss Federal Banking Commission, a Daiwa spokesman said. Zurich-based, whollyowned Daiwa (Switzerland) Ltd will change its name to Daiwa (Switzerland) Bank Ltd and start banking and securities operations by
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      • 105 6 BARCLAYS pic is to shed 1,800 jobs and close 110 branches over the next five years as part of a long-term review of its retail banking operations. A Barclays spokeswoman said the bank expected to handle the cuts without any compulsory redundancies. Some 500 management jobs
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      • 101 6 THE GERMAN central bank, the Bundesbank, will remain in Frankfurt and not move to Berlin, the new capital of the united Germany. On Tuesday the Bundestag, or Lower House of the Parliament, approved a motion from the Upper House to amend the law governing the Bundesbank.
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      • 92 6 CRIMINAL MISCONDUCT occurred in 50 per cent of insolvent thrifts now supervised by the Resolution Trust Corp (RTQ in the United States, according to the RTCs first quarterly report on its investigations into failed savings and loans. The RTC, the agency handling the thrift bailout, said
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    • 550 6 MBT THE Malaysian Director General of Insurance (DGI) is to introduce guidelines to set the maximum levels of insurance funds that can be invested in assets such as shares, property trusts and properties. The insurance industry has been informed of the impending introduction of these
      MBT  -  550 words
    • 250 6  -  By Diana Oon NETHERLANDS Reinsurance Group (NRG) opens its first Asian office in Singapore today, making it the first Dutch reinsurer to have such a representative office here. NRG's move into Singapore is an attempt to provide better services to the Asean insurance markets,
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    • 384 6 THAILAND'S central bank is proposing measures to ease the tight money market situation, while leaving the lending rate ceiling unchanged, the Bankgok Post reported. Thai Finance Minister Virabongsa Ramangkura said he was studying the central bank's proposals. "One of these can be implemented immediately: a
      384 words
    • 285 6 STANDARD Chartered Bank subsidiary Scimitar Asset Management has withdrawn from the UK retail unit trust market, according to a Sunday Morning Post report. Scimitar sold five UK-reg-istered unit trusts to UKbased Capital House, a subsidiary of the Royal Bank of Scotland. The
      285 words
    • 503 6 Reuter THE PLUNGE in world securities prices as a result of the Gulf crisis will hurt second half earnings at the three major German banks, analysts said. Echoing comments last week by a management board member at Deutsche Bank AG, ÜBS Philips
      Reuter  -  503 words
    • 367 6 Number Gross Maturity Y C UP n Amount lnUr#St t ol days of mlddfc price r dwn p, ton ralaad ra,# ($m) paymant accrued (excluding yield (%pa) dates nUfMt accrued Interest) 1.12.90 Loan 2 1975 61/4* 164.61 1/6 1/12 152 100.15*
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  • Page 6 Advertisements
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  • Page 6 Miscellaneous

  • THE REGION
    • 541 7 AS NEW and existing funds complete capital raisings in the next few months, venture capital funds available in Hongkong are expected to soar by more than US$l billion to over US$2.5 billion (HK$l9.5 billion). The South China Morning Post reported on Tuesday
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    • 196 7 Bernama THREE Chinese company officials out of a total of 46 now on a visit to Malaysia have signed letters of intent with local partners to set up joint ventures and transfer their technology, an official of a visiting Chinese trade delegation said in
      Bernama  -  196 words
    • 331 7 Reuter INDIAN Prime Minister Vishwanath Pratap Singh offered his resignation on Tuesday as security forces killed at least six people to stop Hindu militants from storming a mosque in the town of Ayodhya. The violence in Ayodhya in the northern state of Uttar Pradesh
      Reuter  -  331 words
    • 190 7 Reuter SURPLUS Soviet warships could be bartered for New Zealand wool and butter to ease Moscow's hard currency shortage, the Soviet Ambassador to Wellington suggested on Wednesday. "A bargain could be struck covering ships for primary products," Ambassador Yuri Sokolov said. "We lack hard currency.
      Reuter  -  190 words
    • 461 7 Bernama BUMIPUTRAS will continue to face disappointments in their pursuit of economic success as long as they do not identify their weaknesses and rectify them, Datuk Seri Dr Mahathir said on Tuesday. "That there is a possibility that they themselves are to blame seldom crosses
      Bernama  -  461 words
    • NOTE BOOK
      • 109 7 THAI Prime Minister Chatichai Choonhavan will pay a oneday visit to the Laotian capital of Vientiane on Friday for talks with his Laotian counterpart Kaysone Phomvihane, officials in Bangkok said. Relations between pro-Western economically fast-growing Thailand and Laos, a poor, landlocked country ruled by a
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      • 92 7 JAKARTA is expected to have a population of 15 million in 25 years' time, making it the 11th most populous city in the world, reports said yesterday. The current population of the Indonesian capital is nine million, placing it among the top three most-populated cities in
        92 words
      • 62 7 LAOS and Vietnam must strengthen the special relationship that already joins the communist Indochinese neighbours, Laotian interim head of state Phoumi Vongvichit said on Tuesday. Mr Phoumi also said it was necessary to reinforce the leading role of Laos's communist party while simultaneously continuing to
        62 words
      • 57 7 THE president of the National Council of French Employers (CNPF) left Paris on Tuesday for a week-long visit to China, the first CNPF trip there in 14 years. Francois Perigot, accompanied by a delegation of 30 French business leaders, was invited to China by the Chinese
        57 words
      • 92 7 A PRIVATE Japanese business group said on Tuesday it would send a mission to Vietnam next month for talks on ways to expand economic exchanges to parallel improving relations between the two countries. The team from the Japan-Vietnam Trade Association will leave Tokyo on November
        92 words
      • 85 7 BANGLADESH put its second biggest city under curfew yesterday after Muslims attacked Hindu temples in reprisal for assaults on the mosque in northern India at the centre of a major Hindu-Muslim row. Police and paramilitary forces took up positions at strategic centres and around Hindu holy
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  • Page 7 Advertisements
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  • THE WORLD
    • WORLD WATCH
      • 81 8 JAPANESE INDUSTRY is moving from mass production to a "small is beautiful" model, a Japanese manufacturing expert said in Auckland, New Zealand, on Tuesday. Professor Jinichiro Nakane, chairman of Japan's Manufacturing 21st Century Project, said a new study of Japanese business suggested breaking the
        81 words
      • 67 8 A JAPANESE tax reform panel has advised Prime Minister Toshiki Kaifu to work out a new tax on land holdings in two years to stop spiralling property prices. The tax system council said in a recommendation on Tuesday that the new tax would make
        67 words
      • 77 8 COMPANIES in Germany are confident about prospects for next year, in spite of the Gulf crisis, the slowing of the world economy and higher inflation rates. The director of the German Federation of Chambers for Trade and Industries (DIHT), Franz Schoser, said on Tuesday, "The economic boom
        77 words
      • 96 8 A FURTHER OPENING of the textile market in the European Community could result in the "rapid" loss of a million jobs in the industry if it is not accompanied by "parallel and significant" moves to open markets elsewhere in the world, the EC committee for
        96 words
      • 51 8 POLAND will privatise its biggest press concern, which previously was owned by the now-disbanded communist party, and allow foreign investors to submit bids. "This is the biggest privatisation project undertaken in Poland," said Jerzy Drygalski, who leads the team liquidating RSW Prasa, in Warsaw on
        51 words
    • 317 8 Reuter THE SOVIET UNION'S central bank, seeking to control inflation as the country moves towards a market economy, has announced new steep interest rates for businesses and organisations. Gosbank, acting on a presidential decree issued last Thursday, said on Tuesday that the
      Reuter  -  317 words
    • 263 8 AP THE AMERICAN petroleum industry as a whole did not reap a third-quarter windfall from the Persian Gulf crisis, says a leading trade group in a defence of Big Oil against charges of profiteering. "The third-quarter earnings statements released by several oil
      AP  -  263 words
    • 499 8 AFP SQUEEZED BY the US budget crisis, a farm Bill recently passed by Congress and ready for White House approval will slash farm subsidies by 25 per cent over the next five years, causing turmoil among farmers and possibly hurting
      AFP  -  499 words
    • 39 8 A handshake preceded the first breakthrough between British and French diggers in the Channel Tunnel near Calais, France, on Tuesday. The US$l5 billion project will be the first fixed link between Britain and mainland Europe.
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    • 302 8 AFP CONFIDENCE among Britain's captains of industry has been hit harder than at any time in the past 10 years over the past four months, according to the UK employers' organisation, the Confederation of British Industry (CBI). Some 53 per cent
      AFP  -  302 words
    • 513 8 The Gulf Crisis Reuter IRAQI army commanders have begun preparing their occupation forces for battle to hold on to Kuwait as Iraqi President Saddam Hussein forecast possible imminent attack by American and allied forces. In the battered capital Kuwait City, tough veterans of
      Reuter  -  513 words
  • Page 8 Advertisements
    • 370 8 China: the single largest potential market electronically transmitted daily from FAX for your FREE copy now. in the world. The time for investing in it the China Economic Information Service of Now here's your chance to get a preview of has never been better. You know it. Xinhua News Agency,
      370 words
    • 88 8 U5525,000,000 Negotiable Floating Rate United States Dollar Certificates of Deposit due October, 1992/94 Indian Bank (Incorporated in India Wholly Owned by Government of India) The Colombo Foreign Banking Unit of Indian Bank In accordancc with the provisions of the Certificates, notice is hereby given that for the six month interest
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  • Page 9 Advertisements
    • 177 9 Now at your doorstep: WestLß h'.- jv-:. f 1' -vV mim- r > >v vv ,1 > Jj- V. v < v, i. •'>•«»>-1 !r < i f ■t 'i v > i fci Sl k *T» f f* 4 r P» > r i^C v tgf il,>« fti* 4
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  • 486 10 EDITORIAL IF there's one issue that has been pushed with unabated, nay growing, vigour in recent years, by all but employers, it is the raising of retirement age. In his latest and sternest word so far on the subject, the usually mild-mannered Labour Minister minced no
    486 words
  • WHAT THE OTHERS SAY
    • 220 10 THE RECENT clarification by Mr Goh Chok Tong of the Government's proposal that Chinese be taught as first language to Chinese pupils in primary schools is welcome. It is clear from his statement that parents will have a choice, the position of English as the main working
      220 words
    • 149 10 FOR THE first time in its history, Europe is experiencing the longest period of peace since the Second World War. But the situation is not the same in the Western and Eastern flanks of the continent. And this gap is cause for concern. The West enjoys prosperity
      149 words
    • 118 10 ASEAN SHOULD seek new ways to enhance its cooperation, especially in the areas of investment and trade development. The "growth triangle" concept may become a new model of economic cooperation among Asean members. Once it is proved viable, it can even be extended further for instance a
      118 words
  • REGIONAL VIEWPOINTS
    • 161 10 SIR JOHANNES Bjelke-Petersen ruled Queensland for 19 years as state premier, during which time he made plenty of enemies with his right-wing policies and autocratic manner. His views often landed him in controversy, especially his campaigns against abortion, condom machines and sex education, but
      161 words
    • 225 10 IN THE Cambodian problem, Vietnam and China continue to be the two protagonists, who know each other's strategy. So, whenever China says that Vietnam should do more to pressure the Cambodian government to end the agony in Cambodia, it is a mirror of its own position.
      225 words
    • 87 10 THE APPLICATION of legal procedures to close down pollutant-producing factories on the Ciliwung river that runs through Jakarta (unless the factories commit themselves to obeying environmental regulations) is an important step. But there is always the possibility that industrial entrepreneurs will only pay lip-service to the importance
      87 words
  • 1016 10  -  All the fledging democracies in Eastern Europe view privatisation as their only path to progress. But change is slow and riddled with obstacles, and Western reaction has not been very encouraging, says Judy Dempsey Judy Dempsey FT AFTER months of debate, Eastern Europe is
    FT  -  1,016 words
  • Page 10 Advertisements
    • 426 10 International Conference Exhibition on Environment Organised by Times Conferences Supported by The Ministry of Environment, Singapore and 1/ The Singapore Economic Development Board ENVIRO ASIA'9I 7-10 November 1991 World Trade Centre. Singapore Environmental issues predominate today on the minds of the governments and corporations. The protection of our increasingly fragile
      426 words
  • Page 10 Miscellaneous
    • 56 10 DOONESBURY BY GARRY TRUDEAU HI. BOSS. 6U656 lUJAS TAK£ A LOOK AT THIS. no, NO, UJHOS£ PtSTRJCT AfRAIPOF j LACSf. A PETITION FROM OH, P£AR...P£AR UP TO WRITING OFF ICS IS A THAT COMB H; 28,000 CONSTITU6HTS I'M NOT SURB I'M RUNNINGf 25.00 C MOB SCSNS- tN,P£AR. ASKING VOU TO
      56 words

  • ANALYSIS
    • 754 11  -  Negotiating with Saddam Hussein does not amount to appeasement, says Tom Wicker Tom Wicker NYT PRESIDENT George Bush and Secretary of State James Baker are trying, as they must, to bring maximum psychological pressure on Saddam Hussein to withdraw
      NYT  -  754 words
    • 1189 11  -  The dispute over the Senkaku (or Diaoyutai) islands in the East China Sea has been raging for some weeks. For ages, no one had given a thought to these islands; now they are being claimed by Japan, China and Taiwan. Harish Mehta
      1,189 words
    • 825 11  -  A M Rosenthal on the crisis facing the Soviet Union A M Rosenthal NYT THE world knows that the Soviet Union is in deep trouble but the depth of the disaster approaching has not taken hold. Nor has any thought been
      NYT  -  825 words
  • Page 11 Advertisements
    • 42 11 CHANRAI's tradition in High Street is Lnanrai now,urther enhanced with Hm a distinctive ign jlreel" 001 Wider range II s of quality Imtineme fabrics More BT I 1 designer J\lew ICHANRAI Main Store: Chanrai High Street Centre *01-36 Branch: Chanrai Centrepoint *02-05
      42 words

  • ADVERTISING & MARKETING
    • 399 12  -  By Suzanne Soh WITH the opening of Changi Airport's new terminal just round the corner, a newcomer to the airport retail scene is gearing up to promote its name in Singapore. With sales of an estimated $45 million at stake in
      399 words
    • 504 12 US politicians try to look authentic in advertisements NYT IF THERE is an original theme to the political advertising on American television this year, it is the importance of seeming earnest. Negative advertisements still hurtle across the airwaves, furthering a trend that began a decade
      NYT  -  504 words
    • 254 12 SINGAPORE typographer Gordon Tan of The Fotosetter, and ad agencies The Ball Partnership and Ogilvy Mather won two out of the five "Best of Show" Awards in the Typographers International Association Competition recently held in the US. TBP's ad entitled "Other Hand" for Hongkongßank Card Centre and O&M's
      254 words
    • 430 12 NYT J WALTER THOMPSON has created a commercial version of the hit television show America's Funniest Home Videos for Toys "R" Us, a new client. The US$l5 million campaign features dozens of candid shots of children and adults playing with toys. The results
      NYT  -  430 words
    • 377 12  -  By Sangeeta Mulchand Mattel toys, the people who created Barbie, are projecting a 10 per cent to 20 per cent increase in local sales over the next two years despite a slackening of the world's economic muscle. Turnover of four categories of products
      377 words
    • 436 12 NYT COVER GIRL, a leading mass-market cosmetics line, is replacing its ail-American marketing theme with a more worldly "Redefining Beautiful" campaign that is intended to appeal to a more affluent audience. For years, Noxell Corp's Cover Girl has sold its extensive line of
      NYT  -  436 words
  • Page 12 Advertisements
    • 368 12 BEHIND MOST GREAT ADS, YOU'LL FIND A GREAT TYPESETTER. And of course, they don't come much greater than Gordon You'll find his list of typefaces almost as wide as his pants, lan, the Big Serif at The Fotasetter. With his big, bold expanded jC. And his enthusiasm for fine type
      368 words
    • 51 12 fjflW DESSERT Jjp m LISTED j|J| jgjHl jm BEVERAGE jPP? jHj dEff ;^hH vNvvV' It's new concept in dining from j^Hjj^H^H the Terazza at Sheraton Towers. A la p.„„ carte dining at a guaranteed price. E~- —-1 TERAZZA <M At Sheraton Towers, 39 Scotts Road, Singapore 0922. Tel: 7J7 6888.
      51 words

  • SPORTS
    • 510 13  -  Paul Ramani talks to yachtsman Paul Gillen about his mean machine Paul Ramani IT WAS A CASE of Hobson's Choice for yachtsman Paul Gillen as to why he took up the sport the devil or the deep blue sea. Needless to say, Gillen chose the latter. "I
      510 words
    • 179 13 AP MICHAEL CHANG of the US became the first seed to lose in the US$2 million Paris Open tournament when he bowed out of the second round on Tuesday. Marc Rosset of Switzerland defeated the No. 11 seed 7-6 (7-2), 6-4. The tall Swiss
      AP  -  179 words
    • SIDE LINES
      • 54 13 FIFTH-SEEDED Amy Frazier fought off upset-minded Andrea Leand of Baltimore 64), 4-6, 6-2 on Tuesday to enter the second round of the U*****,000 Virginia Slims of California tournament in Oakland. Other players advancing were Radka Zrubakova of Czechoslovakia, Meredith McGrath, seventhseeded American Laura Gildemeister, and sixth-seeded
        54 words
      • 49 13 EIGHT of the world's top tennis players will compete in Milan in an unprecedented tournament of tie-break games. Organisers said on Tuesday that Stefan Edbeig, the world's No. 1, would head the field at the Muratti Time Shootout to be held on Nov 11.
        49 words
      • 75 13 BEN JOHNSON, who was stripped of the gold medal he won in the 100 m dash at the 1988 Olympic Games for using steroids, has signed to run in the Sunkist Invitational indoor track meet in Los Angeles in January. It will be the first
        75 words
      • 54 13 THE NEW ZEALAND ALL BLACKS lost for the second time in four matches in France falling 18-12 to the Basque coast regional selection in Bayonne on Tuesday. The All Blacks led 6-3 at half time from a try by wing Terry Wright after 20 minutes
        54 words
      • 42 13 US STAR DANNY SULLIVAN will drive next year for Patrick Racing and Alfa Romeo. The announcement, a matter of speculation since August when Sullivan was told he was out by Penske Racing, was made in Milwaukee on Tuesday.
        42 words
  • Page 13 Advertisements
    • 2896 13 II J&IHE SINGAPORE ARCARGO AGENIS ASSOGAHDN II l| V STANDARD TRADING CONDITIONS (1990) II I I WITH EFFECT FROM IST NOVEMBER 1990 I I I DEFINITIONS 11. CUSTOMERS'WARRANTY ON DESCRIPTIONS 20. NON-PERISHABLE GOODS ASAGREEDTOBY I I 1. In these Conditions (i) The Customers shall be deemed to be bound by
      2,896 words



  • Page 16 Advertisements
    • 249 16 WHERE TO WINE, DINE AND ENTEBTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Didn't I see you at Scandals? Kvcry Thursday: ladies Night. Every Night: The place to see and be seen. Scandals, Singapore's most sophisticated club and meeting place. Kor details on membership, call 330 8310
      249 words
    • 342 16 DELICIOZO HYATT Mama Mia! Pete's Place introduces more exciting gastronomic treats for all lovers of Italian food. SOUP AND SALAD Light eaters can now select from a variety of four homemade soups and help themselves to our ever popular salad bar. $10.50* EARLY BIRD SPECIAL A complimentary bowl of salad
      342 words
    • 280 16 I' Fast Gale Plaza -Tg, f- W tJwewbetNasi Padang. Bah Kut Teh. Itek Sio. Rojak. jS)/ff:::: AyamßuahKeluak and an endless list of other mouthwatenng fare that changes j£lu^) 777Tr re Bulariy plus an array -7 KUuCIJ em Pt' n B desserts I All these and more I At only $16++
      280 words
    • 381 16 PERFORMED DAILY AT /> THE PINE COURT Amidst Imperial splendour, our chefs Stage ,helr M B h| y acclalmed performance fmmT of legendary Beijing cuisine to the satis- jlf i > faction of demanding dlners.To guarantee f/-4* place amongst the discerning, make f \l your reservations early. Clalll r Lunch
      381 words
  • Page 16 Miscellaneous
    • 822 16 TELEVISION AND RADIO ■>■*,> t v m .Mmm «ju N r a r 1 (T1 /"\"f CI Ay SBCI2 800 P* Trail Rod Slewan: 4.40 Tht'w*'Pound BUSINESS ON RADIO jJUI 11 dll U1 <X UCIIUIIIICI 7.25 PM Shelley A Question of 5.J5 th. CM_*. St •"/SLff" Attitude. Ted becomes very
      822 words

  • LIFESTYLE
    • 314 17 AFP Auctions taking place during Paris' largest show of contemporary art confirm that the world market for such works is dropping fast. At a typical auction this week, auctioneer Francis Briest was only able to sell 41 of the 100 abstract contemporary paintings
      AFP  -  314 words
    • 635 17  -  The cool, cool look is hot for this spring and summer. Clothes are simple and unencumbered, colours tend towards the pastel. Bernadine Morris and Anne-Marie Schiro report from New York. Bernadine Morris, Anne-Marie Schiro NYT CALVIN KLEIN has put a new spin on
      NYT  -  635 words
    • 565 17 NYT SOME like it hot and some like it cool. We're talking colour here. Designers' spring shows are either exploding with sizzling pink, orange and green, often combined in one outfit, or playing it cool with white, ivory and a touch of tan. Randolph Duke
      NYT  -  565 words
    • 619 17 CHATTERBOX COMEDIAN Bob Hope has set the date for his Christmas visit to troops in the Gulf. "I'm going over there about December the 20th. I want to be there for Christmas," the 87-year-old entertainer said. "We're going to have a
      619 words
  • Page 17 Advertisements
    • 265 17 AND ENTERTAIN The Happiest Hours In Town. He HAPPY IKK HV HTM l)AllY ol>lN|N< hours J II AM IO lAM Happy Hours at The Fountain Lounge means enjoying a complimentary drink with every one you order. Plus, 25% off bottle purchases. There's great live music too. Ak ANA HOTEL 16
      265 words
    • 173 17 the best selections of Western, Local, Malay, Indian and Chinese dishes await the IP 1.4" (Oy Treat For Ontrepoifit The Boss 176 Orchard RoaC #05 16 Tel 733 3338 Straits Trading Bu.woq This Bosses Day. gather your colleagues and 9 Battery Road *6t oo surprise your boss with a sumptuous
      173 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4358 18  -  By William Chia ANXIETY about the Gulf situation caused share prices on the Singapore stock market to close weaker across the board in thin trade as most foreign fund managers and institutional players stayed on the sidelines. The local bourse ignored a
      4,358 words

  • 4113 19 Main Board GE Life 1290 20 1.6% IJOB Foreign 570 t-20 4-3.6% SI A Foreign 1330 >-10 t-0.8% Ha» Par 220 +8 +3.8% Polytek 50* 107 7'/i +7.5% FELSWt 245 +3 +12% Nat Kap 50« 90 +3 +3 4% Ming Court 470 4-2 +0.4% SW
    4,113 words

  • BT SHARE INFORMATION SERVICE
    • 154 20 Caaipany Oat* Yaar Group Net Nat earnings Gnu inn to profit/tots (L) par start divtdand ('000) (canto) Lwn Hoe Oct 24 Dec 83 NK3.410L(S4.393L) RMCA Re Oct 23 )un 90 J9,7611(16,063) -(12.1) -(6.4) Boustead Oct 22 Jun 90 MJ15,094(|22,212) 8.5(12.5) 15(15) Rohnson Oct 9 Jon 90 J10,808(J7,704) 21.7(155)
      154 words
    • 293 20 Caaipany Date Yaar Group pre-tax Nat Minings Grew ann to praflt/laM (L) par slur* dhrtdaad ('040) (cants) a Holdings Oct 29 lun 90 M$19,466(M$5.091) 27(9.9) 10(-) Cerebos Oct 19 Jul 90 $70,015 ($63,113) 12.6(11.3a) 20TE(9TEa) SBS Oct 11 Jun 90 $4.140($4.809) 11.5(12.9) 7(9) L&M Oct 10 Jun 90
      293 words
    • 354 20 Oct 30 JI N Cnise (J N). a |oint venture between Neptune Orient Lines (NOL) and Japan Air Lines (JAL), has ordered a second catamaran costing $10m to meet the rising demand for harbour cruises. CentrepoM Properties is gearing up to develop the Robertson Quay site, plans for
      354 words
    • 806 20 Currant Ex Books Date Total far Total lor payment data dose payable the year last year tana 5%TE(I) Oct 19 Oct 31 Nov 15 5%Tt MS8 101(b) Ian 4 Ian 18 l» 28 10% 12% MM 10% Sep 21 Oct 5 Nov 1 10% 75%<a) Antaii 6%(b) Nov
      806 words
    • 402 20 Cwaptn) Data HaH-yaar Gravy pra-tax Interim ami to profit/loss (L) dividend COOO) Metroplex Oct 29 Jul 90 M$13,323(M$5.292) -(6) PMC Oct 24 Sep 90 M$22.686(M$19.998> 6TE(4TE) PMM Oct 24 Sep 90 M$5.428($3,008) 5(3) Marco Polo Oct 19 Sep 90 $7,391 ($2,339e) 0 5(01) Maruichi Oct 16 Jul 90
      402 words
    • 524 20 Sfcgapar* Stocks Last FmN Yaar Cfr hW Date Twr Na« EFS ban JM tot yar J 000* leong tat Intern Mar 30 Oec 89 5351(h) EMS final Sep 27 M 90 14 0 3.5IE 4.750 Jadu M Interim Oct 26 Jan 91 2281 SM Interim Oct 29 Mar
      524 words
    • 333 20 Company Rights Issue Wn One-tor-one fe MJ1 00 per share Ex-date No* 5 Books dose Nov 19 Acceptance t Payment: NYA M Baring On* tor two fe W500 per share Ex-date Oct 24 Books dose Nov 7 Acceptance I Payment NYA wTttp ffcne-torten fe MJ100 per share Ei
      333 words
    • 673 20 BONDS, LOANS WARRANTS CiBpiij CwMfslN pifM CuMnki tann to? mm ilwi CiC Wt Before 26/4/93 1 warrant ptos cash Ctmmny Lot C-iH) HI 2/10/89 to 20/10/94 1 warrant plus SI cash or 1 warrant phis $1 normal amount of km stock Chan My Nates QMMttopW March 87 to 31/12/91 155
      673 words
    • 125 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1990 h*ti 1435 43 (16/7/90) 1990 1607.12 (27/3/90) 1990 low: 985 17 (11/10/90) 19 1079.50 (11/10/90) 19»hi|h: 1322 00 28/12/89) 19,9 1487 76 (26/12/89) 1989 low: 917.42 (4/1/89) 1989 1030.69 (4/1/89) 19SS Nfh: 1043.86 (8/8/88) 19W 1177.87 (8/8/88) 19SS low: 737
      125 words
    • 501 20 Company Rights Issue Mcom One-lor two fe MS 1 00 per share Issue ot 40m Cumulative Redeemable Preference Shares o< MJO10 each at MJI per share with 10m detachable TSR Bdton One tor lour (a MJ? 00 per share Cmwh km Caprtal reduction scheme to reduce par value
      501 words
  • Page 20 Advertisements
    • 38 20 FAREWELL, SINGAPORE^ That familiar, fluid voice of Reena Mathews will no longer grace the airwaves. t *^3*^ She's leaving on a jet plane... to get on with the paper chase^^^^H^p^^^^^^^^. news Monday to Saturday |g| j^ n ,^mmimmmm^^
      38 words

  • KUALA LUMPUR STOCK EXCHANGE
    • 3855 21 Berama SHARE PRICES in Kuala Lumpur closcd lower yesterday after drifting downward in very thin trading on continued uncertainty over the Gulf situation and volatility in major overseas bourses. The KLSE Composite Index fell 6.19 points to 491.71 while the Industrial Index lost
      Berama  -  3,855 words
  • Page 21 Advertisements
    • 151 21 Harvard Business Survey Interview with Lady Lydia Dunn ISM NhgfiA V*W V ,v mP'%# '1 v t •^__vj \Q ,i\ -,y\ v v '"^H V a S \^e g y V v n n^B *4nnalfc 1 <* 1 V i M mfll Ibl ■a I^^B ■Jb 0 v* \v^ a<V
      151 words

  • TOKYO STOCK EXCHANGE
    • 2229 22 TOKYO stocks closed slightly lower yesterday on continued profit-taking after recent gains. Brokers said a late-afternoon rally aimed at driving the key 225-share Nikkei index above a key chart point was foiled by futures-related selling by foreign securities houses. "There was talk of a late-market
      2,229 words
  • STOCK EXCHANGE OF HONGKONG
    • 2310 22 Reuter HONGKONG stocks closed weaker yesterday as turnover, fattened last week by renewed buying interest, thinned to HK5720.28 million from $859.59 million on Tuesday. "Most of my clients did some early selling, then moved to the sidelines," a broker at a British securities house
      Reuter  -  2,310 words

  • Seoul slumps for sixth straight session
    • 875 23 RENEWED offshore interest and some short-covering led yesterday to a partial recovery in the Australian share market, which ended slightly weaker on the day but off its earlier lows. "The recovery seemed to be totally within the market and not the result of any outside fundamentals," said a senior
      875 words
    • 662 23 SHARE prices fell for the second consecutive day of trading on the Thai stock market yesterday on fears that war could flare up in the Middle East. The Securities Exchange of Thailand Index fell 24.48 points to close at 649.37, down 3.6 per cent from Tuesday's close. "Investors feared
      662 words
    • 467 23 PHILIPPINE share prices bounced back yesterday to end a two-day slide as traders bought on speculation about a re- mark made by President Corazon Aquino that she might revamp her Cabinet next week, brokers said. Manila's Composite Index ended 13.20 higher at 609.85. Combined turnover on the two bourses
      467 words
    • 186 23 THE Gulf crisis and weakness on overseas bourses combined to drive New Zealand shares to their lowest level in almost six years yesterday while domestic concerns remained a factor. The Barclays Index estimate closed at 1,330.34, down 27.88, on low turnover. The index was last around this level
      186 words
    • 1079 23 SEOUL stocks slumped for the sixth straight session yesterday, with the index breaching the 700 level on Gulf-re- lated tension and domestic political instability. The Composite Index closed at 690.16, down 21.33 points from the previous session. Turnover was a moderate 253.6 billion compared with 323.7 billion at Tuesday'a
      1,079 words
    • 574 23 JAKARTA stocks closed mixed in thin trade yesterday, brokers said. They said lack of liquidity made the market directionless. The BT Index fell 16.62 points to 670.83. The official index was unavailable. Jakarta Rupiah VoKUO) Abda 3250 unch Ahap Insurance 4500 unch Alumindo Perkasa Utama 5750 1450 25 Aqua
      574 words
    • 29 23 BROKERS stayed away from the Bombay Stock Exchange on Tuesday and kept indoors, fearing violence as India's political crisis deepened. Brokers said they hoped to resume trading yesterday.
      29 words
    • 303 23 THE Taiwan stock market was closed yesterday for a public holiday. Taipei Oct 30 NTS 1st Sec Fund All Sincere Indus 10.00 -0.8 Asia Cement 57.50 -2 Cathay Construe 68.00 unch Cathay Life Ins 259.00 +5 Chang Hwa Bank 213.00 5 Chen Shin Rubber 34.60 -1.2 Cheng Loong 20.00
      303 words
    • 419 23 Close Previous Nov I SYDNEY All Ordinaries Index 1327.2 1327.2. -1.9 All Industrials Index 1975.0 1,984.9 -9.9 All Resources Index 822.3 819.0 +3.3 Turnover (million) 73.06 62.17 +10.89 BANGKOK SET Index 649.37 673.85 -24.48 Turnover (million) 49.63 JAKARTA Composite Index NA NA Turnover (nearest '000) NA NA MANILA Composite Index
      419 words
  • Page 23 Advertisements

  • WORLD STOCK MARKETS
    • Broader market lags rise in the Dow
      • Article, Illustration
        1073 24 WALL STREET took heart on Tuesday from the strong reception that investors gave the Treasury's US$l2 billion auction of two-year notes and pushed blue-chip stocks higher. But while the Dow Jones Industrial Average climbed 17.82 points to 2,448.02, the broader market did not keep pace. Trading volume, at
        1,073 words
      • Article, Illustration
        774 24 LONDON share prices finished lower on Tuesday, and traders blamed fears of war in the Middle East and disappointing economic reports in Britain. The Confederation of British Industry released a report saying business confidence had reached a 10-year low, with manufacturers reporting a sharp drop in employment, output and
        774 words
      • 310 24 DUTCH stocks ended a slow session lower on Tuesday, hurt by uncertainty over the Gulf conflict and worries over disappointing results of major Dutch firms. The CBS tendency index shed 0.5 points to close at 96.7. "The well-known fears are still in the market," a trader said pointing to
        310 words
      • 169 24 A RELUCTANCE to carve out fresh positions ahead of today's All Souls Day holiday, which many traders will stretch into a long weekend, left the Paris bourse drifting aimlessly at midsession in quiet trading yesterday. With uncertainty over the outcome of the Gulf crisis also deterring the market, morning
        169 words
      • 278 24 SWISS shares opened little changed yesterday with a lower bias as continued concern about the Gulf crisis weighed on the market, dealers said adding that Wall Street's overnight gains had helped sentiment mildly. The SMI index of leading shares eased 0.8 points to 1,423.0 in the first 30 minutes
        278 words
      • 120 24 BELGIAN shares started mostly lower yesterday, but dealers said trading volume was very low because of today's national holiday. "Most people have squared their books here before the holiday, although there's still concern about the Gulf weighing on the market," said one. Brussels Oct 30 Francs FORWARD MARKET Acec
        120 words
      • 61 24 PRICES on the Stockholm bourse fell for a fourth consecutive day yesterday in slack trade, but dealers noted signs of some buying interest among foreign in- vestors. By mid-morning, the bourse general index had lost 0.8 per cent to a new year-low at 893.22 in low turnover of 61
        61 words
      • 390 24 PRICES of German shares were quoted near Tuesday's bourse closing levels in dull early trade yesterday as players searched for direction amid continued Gulf tension. Wall Street, which closed firmer on Tuesday, and Tokyo, where the Nikkei share index ended easier, gave the German bourse no clues. A firmer
        390 words
      • 294 24 A PERSISTENT low level of interest amid the continued uncertainties left the Johannesburg stock market floundering in directionless trading on Tuesday. The JSE all-gold index closed a shade higher at 1395 against Monday's 1390 close but the Industrial Index slipped to 2702 from 2720. The AllShare Index ended marginally
        294 words
      • 162 24 CONTINUED worries about the Gulf crisis dampened investor sentiment and Italian shares started lower yesterday in fight volume ahead of today's All Saints holiday, brokers said. The MIB index was down 0.8 per cent at 1000 GMT. "The few shares that showed gains benefited from short covering after recent
        162 words
      • 190 24 TORONTO stocks rebounded from an opening loss, closing flat in listless trade on Tuesday. "We're starting to get some good technical action. It's time we started getting at least a bear market rally," said Don Vialoux, vice-president of Richardson Greenshields of Canada Ltd. The Composite Index gained 0.54 to
        190 words
      • 131 24 Oct 30 Close Previous NEW YORK Dow Jones 2.448 02 2.430 20 +17.82 NYSE Financial 103.49 103.26 +0.23 SAP 500 304 06 301 88 2.18 Turnover (million) 153.5 134.0 +19.5 LONDON Financial Times 30 1,575.3 1.600.01 -24.7 FTSE 100 2033.9 2.062.12 -28.2 Turnover (million) 384.7 291 +93.7 AMSTERDAM CBS Tendency
        131 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1242 25 FOREX MARKET REPORTS THE MALAYSIAN ringgit continued to strengthen against the US dollar yesterday, again with the aid of Bank Negara. It closed,at 2.7000 to the US dollar yesterday against 2.7010 at Tuesday's close. Dealers said the central bank's support for
      1,242 words
    • 385 25 Cross rates 0*31 USS SS MS Dm Yen SFr AS NZS USS 1.7090 2.6995 1.5155 129.25 0.5122 1.2845 1.2731 1.6247 SS 0.5851 1.5796 0 8868 0.7563 0.2997 0.7516 0.7449 0.9507 MS 0.3704 63.31 0.5614 0.4788 0.1897 0.4758 0.4716 0.6019 Dm 0.6598 1.1277 1.7813 85.29 0.3380 0.8476 0.8400
      385 words
    • 551 25 Interbank rates S$ Bid Offer Overnight 5 7/8 6 1-month 6 9/16 6 11/16 2-month 6 9/16 6 11/16 3-month 6 9/16 6 11/16 Overnight mode: 6-5/16 US$ Bid Offer 7 days 7 7/8 8 1 month 7 7/8 8 2 months 8 8 1/8 3 months 8
      551 words
    • 389 25 Reuter BRITISH Prime Minister Margaret Thatcher, isolated in the 12-nation European Community over progress to economic and monetary union, has reiterated her opposition to a single European currency. "We would not be prepared to have a single currency imposed upon us nor to surrender
      Reuter  -  389 words
    • 195 25 Reuter SPANISH Economy Minister Carlos Solchaga said there was little chance of a cut in interest rates if inflation did not slow, despite a 1991 budget that favours a more relaxed monetary policy. "Even when conditions are right for a possible cut,
      Reuter  -  195 words
    • 1215 25 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Dec 90 92.10 92.12 92.09 92.09 3550 ***** 5480 Mar 91 92.27 92.29 92.27 92.27 3100 9388 9862 Jun 91 92.20 92.20 92.19 92.19 1100 4437 1766 Sep 91 92.02 92.04 92.02 92.03 380 1200 1120 Dec 91
      1,215 words

  • COMMODITIES
    • 339 26 Bernama THE proposed amendment to the Commodities Trading Act, 1985, to extend the jurisdiction of the law to cover trading in financial futures and stock indices will be submitted to the Malaysian Commodities Trading Commission for its consideration before the end of the year.
      Bernama  -  339 words
    • 342 26 Reuter INDIAN SUGAR trade and industry sources expressed surprise that India plans to export 100,000 tonnes of sugar towards the end of 1990 in what could be the first of a series of commodity exports to raise foreign exchange. State Trading Corp (STC) Director
      Reuter  -  342 words
    • 843 26 REPORTS THE price of tin on the Kuala Lumpur Tin Market closed unchanged at M$ 16.35 per kg for the third consecutive day in very quiet trading. Activity was dull in the absence of encouraging leads, dealers said. Bids matched offers on the
      843 words
  • 1390 26 Rubber oa3i (fc> h >■>») S cents/kg Noon Close Int I RSS Prompt I$1 50/152 50N 152.00/153 OON Int I RSS Nov 90 151.75/152.25 152.25/152.75N Int I RSS Dec I5I.2V15I.75 I5I.75/I52.25N Int 2 RSS OP I48.50/I50.50N I48.50/I50.50N Int 3 RSS OP 144 00/146 OON 144.00/146 OON Int 4 RSS
    1,390 words
  • Page 26 Advertisements
    • 626 26 NOTICES IN THE MATTER OP THE COMPANIES ACT, CAP. Si AND WOLTER PERKASA TRANS TRADING PTE. LTD. (In Members' Voluntary Winding-up) NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act, Cap. 50 that the Final General Meeting of the Members of the abovenamed Company will be held
      626 words
    • 1196 26 IN THE MATTER Of THE COMPANIES ACT. CAP 50 IN THE MATTER OF FROSTA SHIPPING PTE LTD (In Mem bar*' Voluntary Winding-up) NOTICE IS HEREBY GIVEN tot at an Eitraordnary General Mooting ol to Company convened and held at 36 Robinson Road*os-0t 02 City House Singapore 0106 on 30 October
      1,196 words
    • 9 26 Managers must manage. BT shows you how every Monday.
      9 words

  • THE TRAVEL PAGE
    • 1055 27 City Flight ETA Fligkt ETD AIM MMM GA975 1125 KL840 2115 GA887 1225 KL839 1455 Adotaido SQ228 1900 QF5 2000 Amsterdam SQ23 0740 GA894 0010 GA975 1125 KL840 2155 KL839 1455 SQ24 2215 SQ23 1815 0A472 0050 ftrrtiftml BA11 1455 NZ26 1950 8 Sort B ogawan
      1,055 words
    • 655 27  -  POSTCARD FROM PARIS By Steven Greenhouse George orWELL used to sleep on bedbuginfested mattresses while he was down and out in Paris, while Ernest Hemingway once caught pigeons in the Luxembourg Gardens and cooked and ate them, or so he said while living his movable
      655 words
    • 150 27 As at 3pm yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3280 1.3580 Canadian dollar 1.4500 1.4800 NZ dollar 1.0400 1.0700 Sterling pound 3.3170 3.3470 US dollar 1.7040 1.7140 liocal dollars to 100 units of foreign currency Austrian schilling 15.80 16.80
      150 words
    • 75 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Nov 4-9 International Spain Foire De 3/423.31.01 Nov 7-11 International Italy Torino (39)*****9 Chemical Barcelone New Technologies Esposizoni Exhibition Innovations Fair S.p.A Nov 12-15 Fire East 90 Hongkong FMJ International *****8611 Nov 6-9 Building Hong Kong Business
      75 words
  • Page 27 Advertisements
  • Page 27 Miscellaneous
    • 262 27 1 Alarm in front of house? fIH 9 Noise made when driving 10 Moulded plastic tube is the HH Hi^^l" people' choice (6,5) Loop )H head of needle (4) waiter on board (7) *J— mImJ Lh You har- ia" 18 Reported lines of people fIH ~HV waiting for reminders (4)
      262 words
    • 218 27 Singapore Outlook: Showers over a few areas in the morning and over many areas in the afternoon. Forecast: Max temp 30.9 assoc humidity... 75% min temp 24.8* C assoc humidity 98% hrs of sunshine 2.45 rainfall in mm 6.4 rainfall this mth 56.4 rainy days this mth II World Forecast
      218 words
    • 55 27 Nou PiCe no doo&t aurrc tmpt I h ul go up on rue Roor\ l noßM»iG J BRisTow....r) SIR Ree.'NPiup cHesieß-ftRRy, P,NO PiRRANGE. PI v —eeoM£g Pifir*vs FouNDee, 7 &>GP»NTC PRewoeK V'S ON x J fan!THe v 5sE~ TOPOV Tuonpscsf "WE. 1 I „L_,) Wt»VS CRP^uZR \SWC) PiSiDEjJ C EVENING
      55 words

  • 522 28  -  Strong external demand for computers, computer-related products By Yong Pow Ang EXTERNAL TRADE was sluggish in August, growing by 4 per cent in nominal terms (at current prices) over the same month last year to $17,121 billion. Figures released by the Trade
    522 words
  • 227 28 Agencies LATIN AMERICA, long dogged by debt and inflation, is set to outgrow booming Asia this decade, says the International Monetary Fund's managing director, Michel Camdessus. Latin American economies were expected to expand by about 5.5 per cent a year between 1992
    Agencies  -  227 words
  • 258 28 Bernama ASEAN will boycott European Community products as a last resort if the EC goes ahead with its move to ban imports of tropical forestry products, according to an Indonesian minister. Indonesia's State Minister for Population and the Environment, Emil Salim, said
    Bernama  -  258 words
  • 399 28  -  By S N Vasuki WINDFALL PROFITS from higher oil prices may prove to be a mixed blessing for Indonesia, says a risk report by the Hongkong-based consultancy firm. Political Economic Risk Consultancy. Its latest quarterly report said that though higher oil
    399 words
  • 734 28  -  The Bottom Line LEE HAN SHIH LEE HAN SHIH THE GOVERNMENT calls it the beginning of a new and exciting era. To developers it is competition, opportunity and glut. Whatever the perception, the office property market will never be the same again once
    734 words
  • 226 28 AFP JAPAN'S Finance Ministry yesterday picked two British securities firms as the first foreign companies allowed to enter the huge Japanese market for managing investment trusts. It said that it granted two licences to affiliates of Jardine Fleming Securities Ltd and
    AFP  -  226 words
  • Page 28 Advertisements
    • 137 28 PLiGET JQAIUJER EN IKMXXiERIE im/IS 1X74 GENEVE *7 I JB k tli f Aw y '*> VV: '7 < *><>".>* v MtaMw OD CEfIRUTIIBBI SPORT TENNIS BEA( H-WFAk (/IF by NjiyiCfßKtin Mvn\ Spnmwiar: »0I IS llu- Pirioni. l>, li.ir.l Km.) I* I 1«S '«>Si »o_' .S4/60 %'niu Ami i.Duli.it.l K....1
      137 words
    • 302 28 PiageT mujjm en imuxmE im us m (,'hMVE The writer is a senior correspondent ofBT SINGAPORE "I Li INSTITUTE OF MANAGEMENT I STRATEGIC PLANNING FOR MARKETING MANAGERS I I November 12 13,1990 I Fee: SS4IO SIM members/Ss49o non-members I All too often, managers are so preoccupied with operational problems that
      302 words

  • Shipping Times
    • 502 29 Agencies THE MERGER of Air France and UTA, approved by the European Commission on Tuesday, will give France the biggest airline in Western Europe and the sixth biggest in the world, an Air France spokeswoman said. Air France, its domestic wing Air Inter,
      Agencies  -  502 words
    • 229 29 AFP CHINA plans to surpass Taiwan, India and Bangladesh to become the world's leading shipbreaker, an official report said in Beijing on Monday. Kang Guangzhi, vice-pres-ident of the China National Shipbreaking Corporation, told China Daily that China would become a "shipbreaking kingdom". Beijing's
      AFP  -  229 words
    • 376 29 Lloyd's List HONGKONG has unveiled the fees that will apply to the territory's new shipping register, which is set to open for business in five weeks' time. The final piece of legislation is expected to be enacted on Nov 8 and the new
      Lloyd's List  -  376 words
    • 289 29 A NEW UK-based company plans to offer a service that should reduce container repositioning costs for shipping lines by finding other operators with cargoes for the containers that otherwise would be shipped overseas empty. For instance, containerised exports from Europe to Australia
      289 words
    • 469 29 AFP SOUTH KOREA'S two airlines were in a dogfight yesterday over government plans to add more international routes to the smaller carrier, with the union at the larger Korean Air (KAL) threatening a crippling strike. Union leaders at Korean Air said they
      AFP  -  469 words
    • 227 29 Reuter JAPAN Air Lines Co Ltd (JAL) is considering a hotel business in Berlin to support its airline service to the city, now pending government approval, chairman Fumio Watanabe told reporters in Tokyo on Tuesday. The airline informed Japan's Ministry of Transport in August of
      Reuter  -  227 words
    • NEWS SUMMARY
      • 53 29 NEITHER shipowners nor bankers have in the past made as good a job of analysis as they should have when it came to placement of newbuilding orders. Frank Paine describes a formula for analysis which is much more useful than simple reaction to current freight
        53 words
      • 64 29 THE March 1993 target date for inaugurating Kansai International Airport, being built on an artificial island in Osaka Bay, appears less and less likely as problems plague the ambitious project. The Japanese Transport Ministry has for the first time hinted of a delay in the
        64 words
      • 32 29 TRANSPORT GROUP TNT Ltd said it expected profits in the current financial year ending June 30, 1991, to be similar to last year's Back Page
        32 words
      • 34 29 ALL NIPPON Airways Co Ltd (ANA) has revised downwards its parent net profit forecast for 1990/91 to 12.4 billion yen from a May forecast of 15.3 billion Back Page
        34 words
    • LOG BOOK
      • 95 30 DEUTSCHE LUFTHANSA AG said in New York on Tuesday that it had entered into a cooperation agreement with llaruda Indonesia designed to strengthen passenger and cargo -ervices between the two countries. The accord will allow the irlines to increase to seven their number of flights
        95 words
      • 103 30 IRAQ said on Tuesday that it had released all but one of the foreign planes it seized in Kuwait following its Aug 2 invasion. The chairman of Iraqi Airways, Noureddine Saafi. told the head of the International Air Transport Association (lata) in Geneva
        103 words
      • 65 30 MCDONNELL DOUGLAS Corp said in St Louis on Tuesday that William S Ross, president of McDonnell Aircraft 1 o, will retire on Dec 31. The company said Mr Ross will be temporarily replaced by McDonnell Douglas Corp presiient Gerry Johnston until a permanent replacement can
        65 words
      • 76 30 MAJOR commercial bank Fuji Bank said in Tokyo on I uesday that it has agreed to assist China's biggest airline, \ir China, to finance its US$ll5 million project to purchase Boeing aircraft. The bank said the agreement, reached on Monday, calls for the bank
        76 words
      • 80 30 BRITISH TELECOMMUNICATIONS pic has signed a ooperation agreement with Compta SA, a Portuguese telecommunications company, in order to bid for a cellular telephone licence in Portugal. BT's head of European Mobile Development, John Griffiths, said in London on TuesJay that discussions were also underway with a
        80 words
      • 84 30 ISRAEL'S air and sea ports were paralysed oh Tuesday as 120,000 workers went on strike indefinitely demanding a pay rise. Radio and television stations were also affected by the strike. Unions representing engineers, technicians and icademics called the strike in protest against a
        84 words
    • 1525 30  -  Neither shipowners nor bankers have in the past made as good a job of analysis as they should have when it came to placement of newbuilding orders. Frank Paine describes a formula for analysis which is much more useful than simple reaction to current freight
      Fairplay  -  1,525 words
    • 894 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. The Cockett Bunker Price Index change and
      894 words
    • 11919 38 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      11,919 words
    • 3280 43 A L m.BC Containerline NV: Belsin Shpg Agcncics Pte Ltd (SyManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd Z (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg
      3,280 words
    • 242 43 Abacus C ouriers Tel: 545-8011. Fax: *****98. Air Express Iravd Td: 533-5771. Fax: *****44 Airborne Freight Corporation Td: 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Td: 278-0188. Fax: *****83. AJS Supplies Td: 748-6322 (2 lines), 747-7421. Fax: *****75. City-link International Td: 344-3377. Fax: *****50. Cluster link Supplies A
      242 words
    • 1485 43 Abex Express Freight Td: 542-7171. Fax: *****84. Aclinic Forwarder Td: 225-1833. Fax: *****42. Activair Singapore Td: 542-7822. Fax: *****20. Aeroiiak Freight International Td: 545-8033. Fax: *****05. Aeroapeed Td: 542-5911. Fax: *****18. Air Cargo Novo Express Td: 542-5454 Fax: *****06. Air Express International Td: 542-7666. Fax: *****74, *****50. Air
      1,485 words
    • 3016 44 ARGENTINA Rosario: Two vessels operating of which 1 loading sugar, 1 loading maize; I vessel in roads awaiting orders. Villa Coastitucioa: Two vessels in port of which I loading wire coils, 1 discharging iron ore; I vessel in roads awaiting berth to load wire coils. San Nicolas: Six
      3,016 words
    • 488 44 ARRIVALS DEPARTURES Op night Type ETA From Op Flight Type ETP To TOOAY TOOAY KAL KE697 B747F 0155 SEL KAL KE697 B747F 0440 BKK NCA KZ203 B747F 1935 NRT SI A SQ/BA822 B747F 0700 DXB/LHR CLX CV7963 B747F 2115 LUX/AUH/KUL CLX CV7974 B747F 2315 DXB/KUL FDX FM75
      488 words
    • 563 44 SHIP SALES TANKER RATES Reuter AFP VESSELS SOLO FOR FURTHER TRADING Bulk cantors Captain Bougainville: 29,304 dwt and built 1983, fixed on a bareboat charter for two to six years, along with its sister ships the Captain Magellan and Captain Pardon, with a purchase option of US$l4 million. Mineral Diamond:
      Reuter; AFP  -  563 words
    • 361 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Pep N«t at Veaael ETA ETD Port Age* Ports at Calls NOVEMBER 04 05 Song of Rower 1100 2300 Neptune Agencies Sin-Penang-Phuket-Sin 07 08 Vigesswara 0800 2200 Transintra Shpg Sin-Kelang-Madras 10 10 Sea Goddess II 0800 1800 Thoressen A Co Sin-KeUng 12 12 Song
      361 words
    • SHIPS IN PORT
      • 662 45 Vtsul Voy No Berth VttvjI Dqwlure Vessel Voy No Bertti Arrrvi Departivt Kappd Wharves Frotasanlos 57WB K30 alongside 31.10/1500 Ma At** E 871 K32 alongside 05.11/1100 Kota Angkasa 44/90 K31 alongside 31.10/2200 Markham Bay 39 K33 alongside 02.11/1500 Ocean Pearl *****1 (P K29 alongside 31 10/2000 Thorunn
        662 words
      • 1157 45 RECEIVING OF EXPORT FCL CONTAINERS AND La CARGO Record Bookin/Babnce RsJh Shi> Voy No Etb/Btr Period From To From Aa Idy 3A 02/1800 2 31/1700 01/0659 01/0900 4 01/1200 01/1459 01/1700 Mcor 134N 03/2359 3 01/0700 01/1159 01/1400 4 01/1200 01/1459 01/1700 An Adelaide ***** 02/1200 1 31/1500
        1,157 words
      • 360 45 Port Klang Berth at South Port on Oct 31: 1: Southern Navigaton; 3: Sea Chieftain; 6: Pacific Samudra; 7 Hong Soon H. 7A: Sri Nam Hua 4; BCT; Choon Hong; APC: Petro Niaga KCT: 8: Kota Mesra; 9: Ned Rouven, Um Master; 10: Sea Ranger North Port:
        360 words
    • 1037 45 THE DRY cargo freight market remained bullish on Tuesday with interest widespread interest and rates firm, but last week's high quotes on the US Gulf/Japan grain route are now widely recognised as being unconfirmed, traders said. Weakening confidence in the grain sector resulted in the Baltic Freight Index
      1,037 words
    • 530 46 AFP THE March 1993 target date for inaugurating Kansai International Airport, being built on an artificial island in Osaka Bay, appears less and less likely as problems plague the ambitious project. The Japanese Transport Ministry has for the first time hinted of a delay
      AFP  -  530 words
    • 178 46 Reuter KLM Royal Dutch Airlines said it had settled a dispute with Nigeria Airways over debts incurred by both companies under an 18-year-old joint venture after discussions in London last week. "Both parties reached complete agreement," KLM spokeswoman Marjolijn Wenting said in Amsterdam on
      Reuter  -  178 words
    • 395 46 Reuter INTERNATIONAL transport group TNT Ltd said it expected profits in the current financial year ending June 30, 1991, to be similar to last year's. Chairman Fred Millar told the annual meeting in Sydney on Tuesday that TNT viewed the next two years
      Reuter  -  395 words
    • 199 46 Reuter ALL NIPPON Airways Co Ltd (ANA) has revised downwards its parent net profit forecast for 1990/91 to 12.4 billion yen from a May forecast of 1 5.3 billion, according to an ANA spokesman in Tokyo on Tuesday. ANA posted parent net profit of 15.02
      Reuter  -  199 words
  • Page 29 Advertisements
    • 194 29 BS WEE HENG METAL CO PTE LTD No. 13, Tuas Avenue 14, S"PORE 2263 FAX: 861-2946 TEL: 861-5855 (5 LINES) TLX: RS ***** SHMCPL SoteAgen QFA Ateo buy, set rentals repair country report. For other reasons, send in your subscription now. r*ESSSaaHiHiIHSnMI 1 Please send name: flame: i Address: Address:
      194 words
    • 50 29 Air Forwarder* 15 A* Fraght Schedule 16 Cocfcett Report 2 Container Schedule 17 Couner Sconces 15 Cruse Ferry schedules 16 My 17 Index to Advertisers 3 Port Conditions 16 Shfpng Agents 15 Shpm Curie 10.11 Shpsales/Tanker Rates 16 Shps m Port 17 Smgapore Tries 17 Weather and Sea Corefcbons 17
      50 words

  • Page 30 Advertisements
    • 134 30 NOTICE I Please be inform that with effect from I Ist November 1990, our company TRANSINTRA SHIPPING (SINGAPORE) PTE LTD will be changing its name and will be known I TRANS-INTERNATIONAL I SHIPPING FORWARDING (SINGAPORE) PTE LTD. Address: Blk 4, #09-16 I Pasir Panjang Road I Singapore 0511 I Tel:
      134 words
    • 10 30 Managers Must Manage BT shows i you how every Monday.
      10 words

  • Page 31 Advertisements
    • 2178 31 JAROINE SHIPPING AGENCIES \«ll## 200 Cantonment Road #12 06 Southpomt. Sinppofe 0208 Tel *****11 TELEX NO RS ***** WW EXZSITI TERMINAI CFS TH *****18 220 H Jm CQOGQ BOOKINGS TH *****34 VAJ# PESAKA JAROINE SHIPPING AGENCIES SDN BHD PORT KELANG TEL: *****18 TELEX NO. MA*****/MA***** PENANG TEL *****4 TELEX NO
      2,178 words
    • 1004 31 INDEX IMDVERTISERS Page Col Page Col m Macrsk Line 3 4/5 oMISC 14 1-3 ABC Containcriine 13 5 M s, a Shpg Corp 9 1/2 Accord Group 8 1-3 Mendelssohn 6 2/3 Albatros Sea-Air 14 5 Mercury Line 12 2 APL 3 3-5 «MOL 18 4/5 A.P.C. Lines 13 4
      1,004 words
    • 2010 31 peanmnanza Voy ETA ETO "Port "Penang Keiang DESTINATIONS ti«» mm Low* m wto FrMtf t>y cv 6/11 0400 Mns y Farco 4 crs Vll 2368 MRS M Tauro OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC MON TOR t 7 24/n 26,11 »'i 3-12 4M2 6/12 ~nrlairTTF MAJESTIC
      2,010 words

  • Page 32 Advertisements
    • 1186 32 ROTTERDAM/ VOY NO S PORE P KELANG SOUTHAMPTON HAMBURG BREMERHAVEN ANTWERP LE HAVRE MONTE ROSA 01/530 1/11 26/11 20/11 22/11 19/11 257n TOLAGA BAY 12/534 6/11 23/1, 26/11 LIVERPOOL BAY 02/533 8/11 4/12 28/11 30/11 26/11 2/12 CITY OF EDINBURGH 92/537 13/11 1/12 3/12 Vl2 KASUGA 12/536 15/11 10/12 4/12
      1,186 words
    • 621 32 I(mm DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT ISLA FLOREANA 28/11 10/12 12/12 17/12 ALSO ACCEPTING CARGO VIA SUVA TO LAUTOKA. PAGO PAGO APIA A NUKUALOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP ISLA FLOREANA 28/11 30/12 31/12 1/1 Also »cceptin( Cargo to Calteo (Peru) via Valpa Agents: SINGAPORE:
      621 words
    • 1386 32 raammMmx& &smm., REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND F6R EIJA6PE VSL VOV SIN ALG BCL FEL ROT ANT HAM BRE LHA (VIA (VIA (VIA N. MUBARAK 9034-3 01/11 20/11 23/11 25/11 27/11 29/11 1/12 WWEST" 9035 3 S" 3" 02/12 Sin 2/12 05/12 08,12 JAPAN SEA 036W 12/11 03/12 04/12
      1,386 words

  • Page 33 Advertisements
    • 1731 33 SgSteamers Maritime Holdings Ltd is.it p&o r |fVSTRAITS SHIPPING! W8k containers gJSS'Ja"'** <01 *c P Klang Sport S'ton H'burg B'haven if dam ith ACCEPTS DUE SAILS HOWE ROSA 10,430 +B. lit 2*llo 01/11 I7fll 21/11 a/11 19(11 X(11 CABCO ItmSmi mn\ m!!! mii Zn, **J*H B«OOKE V22EMuara.Uk.KK 30-01 Nov 02
      1,731 words
    • 1677 33 TO: EUROPE TO: FAR EAST SP LH RDM HAM B'HVN FIX SPORE HK KAO KOB BU HANJIN ROTTERDAM 011W 03/11 21/11 22/11 23/11 25/11 26/11 MANJIN LEHAVRE 009 C 1/11 4fll 5/11 l/U 11A1 CHOYANG VICTORY 001W 10/11 20/11 29/11 30/11 02/12 03/12 HANJIN FELIXSTOWE 004E 5/11 1/11 VU *****
      1,677 words
    • 392 33 MR HBHBI STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL COSMIC ASEAN CHAMPION COSMIC CHALLENGER TRAOER TRADER PIONEER VOY NO 2 5 13 Spore SIO S/ll 12/11 11/11 P. Kelang IN PT 1/11 14/11 14/11 Chittagong Calcutta Yokohama 21/11 Nagoya S/ll Osaka 17/11 Sanboku Tokyo Hochimtnh •For Discharging
      392 words

  • Page 34 Advertisements
    • 583 34 Mfilili CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE TO EUROPE VSIV or S TORE ROAM AO AM M BURG BREMEN ANTWERP SRI«IMYA,3IMe 20-24/11 ***** »U J/1 t/1 KUTAI7IWB IS-H/U 17/1 Z3/1 2S/1 W1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO to Wuaiwnl Alio acceptag cirgo to Cmbtanca, Port Said, Port Alexandria. Ganoa,
      583 words
    • 783 34 \6l) HANJIN SHIPPING FULL CONTAINER SERVICE I S pore I LeHavre R dam H burg B haven Fjtowe FEEDER VSL SIN LINE HAUL LAX OAK 3(11 21(11 22/11 23(11 25(11 26(11 HANJIN FELIXSTOWE 004E J/11 M KUNSAN(OS7E 30(11 2/12 10/11 27/11 28/U 29/11 1/12 2/12 CHOYANC PARK 010E 12(11 H.
      783 words
    • 1441 34 1 d T rT""T3~EH"^k I PHI SCP HKC NSC KLC PUS MKT OSK SMi TYO LAX CHS BAL NYC LHV ANW ROM FIX HK Stf 1 E Gfti£T Rl 030 1/11 2/11 (/ll 1/11 WU 12/11 14/U 16.11 11/11 11/11 30/11 U/U 14/12 IVU 2«/U 2»2 27/U 2«(U W I
      1,441 words

  • Page 35 Advertisements
    • 1936 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: jT/ UK/EUROPE SERVICE— *****19 USA SERVICE— *****16 mm AUST/INDIA/PAK SERVICE— *****18 FAR EAST SERVICE— *****48 TERMINAL OFFICE :*****22 DOCUMENTATION DEPT: *****44/ *****14 CFS: K27 —IMPORT: *****69/*****50 CFS: K27 EXPORT: *****53/*****04 NEPLINE SDN BHD MALAYSIA JrJP K.L.-(03) *****33, P.Kelang-(03) *****87,
      1,936 words
    • 1259 35 m sinsov SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) DISCHARGING FROM EASTBOUND LOADING FOR WESTBOUND VCSS£LS VOVACE |SPORf |MANIIA HKOHG VOYAGE SPORE PKLANC HBURG SHAVEN TILBURY ROTT
      1,259 words

  • Page 36 Advertisements
    • 1841 36 I SiS K LINE Is \\VAv\M KISLN KAISIIA. 1.11) J EXPORT N. AMERICA.-PACIFIC SOUTH-WEST IMPORT N. AMERICA PACIFIC SOUTH-WEST FEEOER VESSEL VOY "iNOO *PK PNC SCP MOTHER VESSEL VOY LB OAK CMI NYC "OTHER VESSEL VO* HOUS LB OA* TUT FEEDER VESSEL VOY THY SCP LIONS G*TE BRIDGE 9 3010
      1,841 words
    • 1112 36 ym PHIU-ORI€NT UN€S PTC LTD 108 ROBINSON ROAD #07 00 GMG BUILDING SINGAPORE 0106 TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76-*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 3 NOV MONTREAL, Ottawa, toronto, ■■■■■■■■■■■J"™"™ VANCOUVER, S'WESTERN ONTARIO. OCT
      1,112 words

  • Page 37 Advertisements
    • 1606 37 aajSiPfl PACIFIC INTERNATIONAL LINES (PTE) LTD JMI pil Building, 140 Cecil Street *03-00, Singapore 0106. I JAKARTA I I BANGKOK I EDIN EL wm S in, ""J*. "J?,, VMS€L VOV SIN BKK SIN SEA GLOHY 04N 2/11 VII »/11 ??2L !1(J! HAI VING 04M 3/11 »/11 13/11 llfn PEGASUS PROGRESS
      1,606 words
    • 1116 37 f BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint 111 Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL |VOY SPORE P KLANG S HAMPTON HAMBURG B HAVEN R OAM LHAVRE Monte Rosa* 10/530 In Pt 24/11 20/11 Via Ha 19m Via Rd
      1,116 words
    • 329 37 tegft MYANMA PH HVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KIg Pen P.Gdg MYOMAYWA VI3OW In Pt 3/5 No. PAGAN VI63W 7/9 Nov PATHEIN VIO7W 1/12 Nov 13/17 NOV HPA AN VIS7W 14/16 Nov MYOMAYWA VI3IW 11/22 Nov 23/27 Nov Tgt THE BANK UNE (A eervlce
      329 words



  • Page 40 Advertisements
    • 779 40 INTEGRATED CONTAINER SERVICE FROM FAR EAST TO NORTH CONTINENT OUTBOUND SIN FIX BRV RDM ANT HBC PANAMA SEN WFO49 In Pt 24/U 2S/U 27/U All 30/11 EUROPEAN SEN WFOSO 1311 6/12 7/12 «/U 10/12 12/12 SACHSEN #*001 14/11 12/12 11/U 13/12 9/12 MECKLENBURG *MOO 2 2S/11 23/12 22/12 24/12 21/12
      779 words
    • 1160 40 CRYSTAL FREIGHT SERVICES PTE LTD TEL: *****88/*****22 OUR CONSOLIDATION SERVICES TO: FAR EAST PORT KELANG 9/11 16/11 MANILA 3/11 10/11 PENANG 9/11 16/11 BUSAN 12/11 21/11 BANGKOK VII 9/11 TOKYO 8/11 15/11 KONG KONG 4/11 7/11 YOKOHAMA 8/11 15/11 KAOHSIUNG 4/11 11/11 KOBE 8/11 15/11 KEELUNG 4/11 11/11 JAKARTA 4/11
      1,160 words
    • 312 40 SPORE CBO mmmllV'olo *10 STS VIT PAGUA MOSmtN I WW WU ***** IVI 17(1 OfT VWI DISCHARGING fM BRAZIL ONLY SPORi] HNI MK Ml BUSAN TO* NCO HOB MOSTWf EN 1 7(11 U/U IVII 17/11 71/11 7VU 17/11 21/11 VMD.I Regular BBulk and Contalrer Service Direct !o Turkey, Red Sea/
      312 words
    • 1293 40 '"ks+ £-s] fe W? CHINA OCEAN SHIPPING COMPANY cm 2, MISTRI ROAD. HMC BUILDING TT w TEL: *****00 L CONTAINER LINER SERVICE ""*.»?Si""""' CABLE: COSTARLINE General Agents: COSTAR SHIPPING PIE LTD aBaHaHaH VESSEL/VOT SGP FIX ROT HAM ANT DM VESSEL/VOT FLX ROT HAM ANT SCP XING HC/S2W 03/U H/U 1111
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  • Page 41 Advertisements
    • 835 41 NIHON-ASIA I CR **********0N TEL: *****22 FAX: *****86 Competitive Rates!! KTA USA \ll IPI Lkstns 3/11, 8/11 EUROPE all Ports 2/11, 7/11 BANGKOK 2/11, 6/11 HONGKONG/CHINA 6/11, 12/11 SYD, MEL, ADEL, BRIS 7/11, 14/11 FREMANTLE 5/11, 12/11 MANILA 3/11, 8/11 PKLG/PENANG 5/11, 12/11 Port Kelang Branch Tel: *****21/2/3 Fax: *****24
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    • 236 41 RICHFIELD MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) m ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCTPTING FCL AND CONVENTIONAL VESSEL IVOV ETA ILOADING FOR SPORE NET SANE T >OWB 12/11 OARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABVOT t 'JWB VI2
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    • 1413 41 MASKAPAI PELAYARAN WPULAU LAUT FULLY CONTAINERISED REGIONAL FEEDER SERVICE TWICE-WEEKLY/WEEKLY FIXED DAY SCHEDULE BETWEEN THE PORTS OF S PORE, INDONESIA. MALAYSIA I THAILAND ALSO ACCEPTING LCL CARGO TO ALL DESTINATIONS r WE SERVE FOR BOOKINGS CALL SPECARGO FORWARDING AT TEL: *****55 SINGAPORE INDONESIA SERVICE VSL VOY SIN JKT PAJ SIN
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    • 383 41 TO AUSTRALIA/NEW ZEALAND VSI Sin§»pof« FremMtl* M*. bourn* |Sy4n*y |AudUind OuiMAn b*uss£l m Toai uai ajii 5m uu vu C. VEROINE 1U O/U JJ/U VU *U M/U IfcU ANTWERPtN »1 U2 71/U 17/U H/u" 5u 2*U TNT EXPRESS 213 ~W W Mfl W1 IVI Vli Alto accepting cargo to AUSTRALIA
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  • Page 42 Advertisements
    • 1243 42 O" a s MAC-NELS SINGAPORE I "port TEL.- *****22 1 import TEL *****02 ■HfcflkJH PENANG TEL: (04) *****6 KK TEL (088) *****0 TAWAU TEL: (089) *****9 I"* l\ I P KELANG TEL: (03) *****77 KUCHING TEL (082) *****3 SKAN TEL: (089) *****2 IrJVy Jjj BAHRU TEL: (07) *****2 SIBU TEL
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    • 505 42 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK LYT PROSPECT 09S 1 Nov 13 Nov Via NPI IS Nov
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    • 1201 42 Shipping Times, Thursday November 1 ltM jZS] THONG SOON LINES PTE. LTD. MUmJ SI Bras Basah Rd #01-01 Plaza By The Park S (0718) Tel: *****22 Fax No: *****73 CONVENTIONAL/CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH H? ETA BEIT VESSEL W I ET* BEIT KIM SOON M 2/W
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  • Page 44 Advertisements
    • 66 44 INTEROCEANV 2nd Floor, Jalan 2/71, Tainan Tun Dr. Ismail, ***** KL. ——Tofc *****34, *****94, *****29 TLX. NO. MA-***** FAX: 03-*****11 Panang Off: Tat: *****7, *****2 LCUFCL LOADING FOR AUSTRALIA SYD. MELB, ADE. BRIS, FREM UK/EUROPE LE HVE, HBG. BREMEN. R DAM. GENOA, ANTWERP, UK PORTS SCANDINAVIA USA WEST EAST COAST,
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    • 61 44 fSSSI bUHOHb/U.A. BREAKBULK SERVICE 4gT VESSEL NEPTUNE SIRIUS SINGAPORE 14/11 MANILA 18/11 KEELUNG 28 11 Tal: *****27 Faa: *****30 Tla: RS ***** INETCO ro Wn 117 7m&QQOQIL VESSEL VOV WO. SIN MAA CAL ALCOR 134N 31"0 06/11 TIGER STREAM 001CNB 31/10 05/11 ILOVIK 135N 07/11 13/11 TIGER CREEK 109CNB 02/11
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    • 16 44 Iqriepit fjjjffi KKU SIN PKL DESTN SINGA SKY/***** Sid SM FLU/ANT/UK/BFS BLUEBELL SUSANNAH/***** Sid 2/11 FLU/ANT/UK(HUL)
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    • 93 44 "VENUS LINES RORO SEM'-CpN"^^^E^lCEmn_6sT^S^~ VESSEL SIN BBY VESSEL SIN BKK ALGENIB V2W/90 In Pt 9/11 ALGENIB V2E/90 21/11 24/11 ALGENIB V3W/90 29/11 8/12 ALGENIB V3E/90 20/12 23/12 GENERAL AGENTS: SWISS SHIPPING PTE LTD. TEL: *****88 (8 UNE3) TLX: RS ***** 33FA FAX: *****93 jI. B y» VESSEL VOY NO JKT
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  • Page 45 Miscellaneous
    • 443 45 TIDES AND WEATHER 1[ HWWI<IIW<<MW irfi'j ~mi npiuri'- Hlw »r i r tawwiWrrUKWi iOWMIIffnii*WWMW<MMIWif>MWiIWWWWWW>WWBMBWBMWBBBBMWMWMi TODAY'S TIDES (lw#t in metres) HOIK 0000 0100 0200 0300 0400 0500 0(00 0700 MOO ***************0 *****400 *****(00 *****1001)00 *****100 2200 2300 21 16 1.1 08 07 08 1.1 1.7 2.3 2.8 29 27 2.3 1.7
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  • Page 46 Advertisements
    • 316 46 CHARTPOINT Every Saturday in Business Times VSL VOY ETA SIN ETA P.PNH TONG HOE 14/90 7/11 20/11 CHOL THEE 19/90 12/11 25/11 For Enquiries Call CALVIN HO/DANY LAU U»\ HIAP HOE SHPPNG ENTERPRISE I f/Jjf J TEL: *****66 FAX: *****10 \Jfliy TLX RS ***** HHSHPG PT. PELAYAfiAN. teg i*MUTIARA SAMUDHA
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    • 710 46 HYUNDAII MERCHANT MARINE CO. LTDEASTBOUND TO USA WESTBOUND FROM USA TO PSW VOY SIN HKG LBH OAK SEA CHI FROM PSW VOY LBH OAK SEA HKG SIN HYUNDAI COMMANDER Hi i/lT «/ll 2S/11 28/11 30fll 29/U HYUNDAI INNOVATOR 35W 2/10 5/10 1/10 26/10 4/11 HYUNDAI PIONEER 36£ 10/11 15/11 3/12
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    • 623 46 CHARTPOINT Every Saturday in Business Times IrMfer fr«n Ivor I PNCIPtU. iMXhw Vmml |Vo* SIN UU OAK MU OAI CHI/ NO* MEM NYC BblayM CW. BUNCA KEHUNINC TH HfljT ALItCATO* fOOTUNt V ***** jjU 24/11 2*ll »/H Pfll 2*ll 21/11 2*ll Mill OUR USA ■ON6A MMUNINC VJK -1/11 AU.I6ATO* Wjgt
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