The Business Times, 25 June 1991

Microfilm: NL17508
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 16/12/90 Tuesday, June 25, 1991 75*
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  • NEWS SUMMARY
    • Article
      Kohl and Gorbachev to meet before London summit
      38 1 BONN Chancellor Helmut Kohl will meet Soviet President Mikhail Gorbachev in Kiev on July 5. days before a summit of leading industrialised countries in London, the German government said yesterday.
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    • Article
      French air traffic controllers on strike
      33 1 PARIS A strike by French air traffic controllers severely disrupted flights into, and out of the country yesterday, with serv ices to other European destinations particularly affected.
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    • Article
      Hanoi staying Red
      34 1 VIETNAMESE leader Nguyen Van Linh told a communist party congress yesterday that the government will pursue the socialist path in spite ot the collapse of communism around the world Page 7
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    • Article
      All eyes on Suharto
      37 1 INDONESIAN political parties are likely to postpone public debate on a future head of state until President Suharto makes clear whether he intends to remain in power after 1993. say analysts Page 7
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    • Article
      Common market talks
      40 1 THE European Community and the European Free Trade Association meet in Salzburg this week in a bid to cement a fragile political accord on a giant common market stretching from the Arctic to the Mediterranean Page 8
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    • Article
      US tool orders fall
      27 1 ORDERS for US-made machine tools fell in May for a third straight month, dropping 19.6 per cent from the April level Page 9
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    • Article
      Private sector leads
      32 1 UNLIKE Singapore, Malaysia's IT industry is driven more by the private sector than the government, whose direction is confined to software development, says a recent Datapro report. Page 12
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    • Article
      Informal lifeline
      23 1 IT has a name, but no precise definition, yet the informal sector is a lifeline for 300 million people Page 15
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    • Article
      Posh brands struggle
      35 1 THESE are trying times in the US for haberdashers such as Hermes, maker of USS9S ties. USS2.OOO attache cases and other business accessories with definite. but discreet, long-distance recognition factors Page 17
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    • Article
      Privatisation plans
      22 1 THE PORT of Singapore Authority is expected to privatise such services as container freight station management. Shipping Times Page I
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  • MARKETS SUMMARY
    • Article
      Dow lower
      40 1 WALL- STREET stock prices moved sharply lower in early trading yesterday, depressed by declines in Treasury bonds and in the Tokyo market overnight. The Dow Jones Industrial Average was down 27.28 to 2,938.28 points in the first hour.
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    • Article
      Footsie lower
      42 1 BRITISH STOCKS were broadly lower at midday yesterday on pessimism over possible interest rate cuts after Sunday's G-7 meeting. At about 1100 GMT yesterday, the Financial Times-Stock Exchange 100-Share Index was down 19 points, or 0.8 per cent, at 2.468.5.
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    • Article
      Perwaja in Chile deal
      35 1 PERWAJA Steel Sdn Bhd of Trengganu has signed a USS9OO million (SSI.6 billion) contract with a Chilean conglomerate for the purchase of about 1.5 million tonnes of iron pellets Page 2
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    • Article
      MBf thinks big
      33 1 THE MBf GROUP will continue to reinforce the foundation of its construction division and build upon its technology base to become a leading construction house in the region Page 2
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    • Article
      Dharmala going public
      27 1 DHARMALA Sakti Sejahtera. the jewel of Indonesia's Dharmala Group, is to go public next month with an offering of 30 million shares Page 3
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    • Article
      High hopes for Hilton
      43 1 THE NEW JERSEY Casino Control Commission is likely to approve Hilton Hotels Corp's application for an Atlantic City casino licence, but Hilton will probably not immediately bid for Trump Castle or any other city casino, say analysts Page -I
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    • Article
      STOCK INDICES
      25 1 Monda) (hange Kuala Lumpur —624.^I +0.47 Tokyo 23.765.46 -509.62 Hongkong 3.569.54 Sydney 1.503.2 -8.6 Friday Change New York 2.965.56 11.62 London 2.487.5 <-7.6
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    • Article
      CURRENCIES
      24 1 Exchange rates USS ss 1.7775 100 Yen SS 1.2811 MS SS 0.6382 Money market rates Overnight 5 1/4% 4-5/16 3-month 5 15/16% -t-l/8
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    • Article
      COMMODITIES
      40 1 London Gold AVI fix US$365.20 -US$2.20 Rubber S pore July Closed c /kg M'sia July 234.00Vkg unch KL Tin Turnover 38 tonnes -6 Spot MS 15.40 /kg -0.08 Crude palm oil Turnover 670 lots -378 Julv MS774 /tonne +2
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  • Article
    Lock icon G-7 to step in if US$ endangers world economy
    512 1 Reuter LONDON Group of Seven finance ministers have pledged to intervene in exchange markets if the runaway US dollar threatens to upset the global economy. On another key issue, the seven leading industrial democracies agreed in principle that the Soviet Union
    Reuter  -  512 words
  • Article, Illustration
    Lock icon Shell, Parkway plan to redevelop Anson Rd site
    390 1  -  Prime downtown project may yield up to 28.000 sq m of space By Elaine Koh THE SHELL group and Parkway Holdings are understood to be planning to redevelop a golden site in Anson Road which could see the addition of a major
    Photo by Arthur Lee  -  390 words
  • Article
    Lock icon New financial laws unlikely to boost Jakarta bourse: analysts
    464 1 Reuter JAKARTA Indonesia's long-awaited plans to freshen up its financial laws are welcome but share analysts say they will not be able to do much to perk up the ailing Jakarta stock market, which is finding it hard to tempt investors.
    Reuter  -  464 words
  • Article
    Indonesia dealing with 'problem of success'
    58 1 DEREGULATION brings with it economic benefits in the long term. In the short term, it means disruptions and bottlenecks. l his is the phase Indonesia is now going through. The man behind Indonesia's deregulation effort. Finance Minister Dr Johannes Sumarlin, is sanguine about dealing
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  • Article
    Lock icon Dealers chase greenback higher
    153 1 Agencies LONDON Dealers sceptical of the G-7 finance ministers' weekend promises to stem the US dollar's rise continued chasing the greenback upwards yesterday. The US currency shot up to 1.8190 marks and 139.85 yen, though it slipped marginally to hover around 1.8025 and 139.50 at 1115
    Agencies  -  153 words
  • Article
    Lock icon Nikkei plunges as brokerage chiefs quit
    374 1 Reuter TOKYO The departure of two top Japanese brokerage chiefs is unlikely to allay doubts of small investors, whose trust in the stock market has been battered by fresh exposes of its shady side, said securities analysts yesterday. Yoshihisa Tabuchi. president of Japan's largest
    Reuter  -  374 words
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      165 1 Nikon The World's Finest Photographic System. Aircraft Schedule 25 Interbank Fore* Rates 23 World News 8.9 Bristow 25 KLSE 20 For market indices, editorial. Commodities .24 Money Changer Rates 25 advertising and circulation exCompany News 2.3.4 Money Market 23 tensions, call Business Times Cryptic Crossword 25 Regional News 7 Information
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      45 1 Did you get yesterday's issue of BT? IF YOU ARK a Business limes subscriber and you did not receive yesterday's issue, please call Customer Services on 740-1839. We are monitoring the efficiency of our circulation and vendor services and would appreciate feedback Irom our readers.
      45 words
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      3 1 Analysis, Page 11
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      114 1 Nikon The World's Finest Photographic System. An Electrifying Difference S PRODUCT FEATURES Upgradable, unlimited memory space 30 characters per second J r j BBM Business Systems brother OHl< 7 #02-08 Great Pacific Warehouse. 7 Kaki Bukit Road 2. Singapore 144! Tel: 065-743 8000 Fu 065-747 W0 Tele* RS <356 ft
      114 words
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      4 1 G-7 focus, Pg 14
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  • COMPANY NEWS 1
    • Article
      Lock icon Perwaja signs $1.6b deal with Chilean group
      452 2 Ten-year contract from 1993 to buy iron NST S \N 11A (JO Perwaja Steel Sdn Bhd of Trengganu igned over the weekend a SS9OO million (SSI.6 biliion) contract with a Chilean mglomerate. Compania Mine'a Del Pacitico SA (CMP) n the purchase of about
      NST  -  452 words
    • Article, Illustration
      Lock icon MBf aims for construction edge
      332 2 Group wants to be a regional leader in building industry NST THE Vlßf GROUP will continue to reinforce the foundation of its construction division and build upon its technology base to become a leading construction house in this region, managing director Datuk Loy Hean Heong
      NST  -  332 words
    • Article
      Lock icon MBf chief sees potential for growth
      195 2 NST KUALA LUMPUR The MBf group has excellent potential for continued growth with its thrust on highvolume consumer financial and non-financial businesses, says its chairman. Tunku Abdullah Tuanku Abdul Rahman said Malaysia's private consumption, accounting for more than 50 per cent of GDP. was
      NST  -  195 words
    • Article
      Lock icon K Lanjut expects M$175sm profit from housing project
      287 2 NST KUALA LUMPUR Kampong Lanjut Tin Dredging has forecast a profit of MSI7S million (SSII2 million) from the Taman Sungai Besi Indah housing project that will be fully developed in seven years' time. Kampong Lanjut is buying DCA (M) Pemaju Corp Sdn
      NST  -  287 words
    • Article
      Lock icon Dunlop Estates planning office building in Johor
      357 2 MBT KUALA LUMPUR Dunlop Estates, a member of the Multi-Purpose group, intends to put up a prestigious office building in Johor "to project the company's image in the south". It is now awaiting its architect's revised plans for a taller building than the
      MBT  -  357 words
    • Article, Illustration
      Jewel in the Dharmala Group going public
      366 3  -  DSS offering 30m shares at 3.000 rupiah apiece From Ranjit Gill in JAKARTA DHARMALA Sakti Sejahtera (DSS), the jewel in the Dharmala Group, is to go public next month with an offering of 30 million shares at a price of 3.000 rupiah per
      366 words
    • Article
      Lock icon Investors keeping away from Taiwan bourse
      249 3 Reuter TAIPEI Foreign investors are shying away from Taiwan's roller-coaster stock market because of its notorious volatility and regulations restricting capital movements, analysts say. Only 13 overseas institutions have applied to invest since Taiwan opened its market to foreign institutional investors six months ago,
      Reuter  -  249 words
    • Article
      MUI moves to create four well-defined operating areas
      342 3 MALAYSIA Malayan United Industries' (MUI) recent moves on the acquisition trail and changes in its corporate structure are to create four well-defined operating areas under separate companies. The group's varied activities will be grouped under MUI Bhd. Malayan United Manufacturing (MUM), Pan
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    • Article
      Lock icon Brierley revises deal with HK firm
      187 3 Reuter WELLINGTON Brierley Investments Ltd (BIL) has scaled down the terms of a joint venture property deal with Hongkong-listed SEA Holdings Ltd originally announced last December. BIL said then it would sell 10 New Zealand properties valued at NZ$223 million (*****.13 million) into the
      Reuter  -  187 words
    • Article
      Wharf Holdings looking for HK$4b loans
      416 3 HONGKONG Wharf Holdings is seeking loans totalling HKS4 billion (SS92O million) in a move that is believed to be the largest commercial property bank borrowing this year, the Sunday Morning Post reported. Sources told the Post that the borrowing would be split into two
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    • COMPANY BRIEFS
      • Article
        AP Land borrowing M$13m to pay for site
        56 3 MALAY SIA Axispac Sdn Bhd. a whollv-owncd subsidiary ot Asia Pacific Land, will borrow MS 13.5 million to partly pay for the MS 15 million hotel site in Penang which it proposes to buy from Federal Hotel Penang Sdn Bhd. The remainder
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      • Article
        MGIC in building joint venture
        34 3 MALAYSIA Malaysian General Investment Corporation (MGIC) has entered into a joint venture agreement with RB Construction Sdn Bhd to jointly set up a new civil and general construction company
        34 words
      • Article
        Metrojaya profit jumps 12pc
        33 3 MALAYSIA Metrojaya has reported a 12 per cent rise in group pre-tax profit to M 55.88 million for the year to end March 1991 against M 55.26 million previously.
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      • Article
        Mitsubishi, Westinghouse tie-up
        36 3 lOKYO Mitsubishi Heavy Industries plans to change a 30-year-old unilateral, paid technology transfer from Westinghouse Electric Corp on gas turbines into an equal-basis partnership with the US firm, a Mitsubishi Heavy spokesman said.
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      • Article
        Japanese firm in cement venture
        42 3 TOKYO A Japanese consortium led by Mitsubishi Materials Corp plans to set up a joint cement venture in Shandong Province in China with Yantaishi Jiancai Gongye Gongsi, a local construction material maker, a Mitsubishi Materials spokesman said.
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      • Article
        CCM cuts materials wastage
        28 3 MALAYSIA The Chemical Company of Malaysia will invest a huge sum of money in its proposed five-year programme to reduce wastage of raw materials.
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    • Article
      Lock icon Renong sees M$80m in pre-tax profits
      395 3 NST MALAYSIA Renong Bhd has forecast consolidated pretax profits of M 580.20 million (5551.3 million) and MS 185.04 million for the years ending June 30, 1991 and 1992 respectively after minority interests on the enlarged Renong group. This is based on the assumption of
      NST  -  395 words
    • Article
      Lock icon New Jersey likely to give casino licence to Hilton
      493 4 Company not expected to bid for existing casino immediately Reuter LOS ANGELES The New Jersey Casino Control Commission is likely to approve Hilton Hotels Corp's application for an Atlantic City casino licence, but Hilton will probably not immediately bid for Trump
      Reuter  -  493 words
    • Article
      Lock icon Continental's technical unit to expand in Europe
      502 4 Reuter BONN Continental AG's technical products division, newly regrouped as ContiTcch Holding GmbH, is confident of boosting its European market share. Continental management board member Peter Haverbeck said last week that the recent reorganisation had increased ContiTech's flexibility. enabling it to respond more
      Reuter  -  502 words
    • Article
      Four Seasons chain to move into S-E Asia
      190 4  -  From Paul Gopal in OTTAWA THE Canada-based Four Seasons Hotels chain, in which Singapore hotelier Ong Beng Seng has a stake, is planning to expand to Southeast Asia by buying up property in premium locations. Noting that the Pacific and South-east Asian
      190 words
    • Article
      Lock icon HP launching new line of powerful low-cost computers
      277 4 Reuter SAN FRANCISCO Hew-lett-Packard Co was due to unveil yesterday a new line of powerful but modestly-priced commercial computers that it hopes will stave off increasing competition. Wim Roelandts. vicepresident of the company's Networked Systems Group, said last Sunday that HP was
      Reuter  -  277 words
    • COMPANY BRIEFS
      • Article
        TI Group buying Huron Products for US$45m
        50 4 LONDON UK engineering company TI Group pic said it is buving Huron Products Industries Inc. a manufacturer of automotive fuel, lines, for US$45 million. TI said the purchase price may rise by a further US$2 million if Huron s performance meets certain targets.
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      • Article
        Another shot at Boeing's unit
        47 4 ROME Italian aerospace group Alenia SpA and France s Societe Nationale Industrielle Aerospatiale, thwarted in their initial attempt to buy the De Havilland division of Boeing Co s Canadian unit, said they were studying an offer for them to make another bid.
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      • Article
        UK, German engineers tie-up?
        59 4 BONN German engineering group Mannesmann AG said it is considering cooperation with the metals division ot I K engineer Davy Corp pic. but it declined to confirm an offer had already been made. It declined comment on a report in the UK newspaper The Sunday Times
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      • Article
        Western help for Soviet aircraft
        77 4 PARIS CFM International, a joint venture of General Electric Co (GE) of the US and Snecma of France, has signed an agreement to sell aircraft engines worth between USS7SO million and USSI billion to the Soviet Union. GE officials said the agreement, signed on Friday
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      • Article
        Grand Met raising funds
        50 4 LONDON Grand Metropolitan pic said it plans to raise USS2.S billion to refinance debt taken on to pay for its US$5.B billion purchase of Pillsbury Co. "The Pillsbury facility run out in October (1991) and we will be refinancing." treasurer Mike McCann s»jid in an interview.
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      391 2 "Three days "I was a hefty 82kg when I signed up at Expressions Slimfit Studio after a relative recommended it to me. I Ife* 2 thought it was going to be a long and torturous battle. But vL I have never been so wrong! HL -yB9|V IK "After the three
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      102 2 ]lj [jj RIVER PALACE [Mill" |fj SICHUAN RESTAURANT X r TAKE A DIP! 1 Like the informal dining style of shabu-shabu, fondue and steamboat? Tip You'll love spicy Yam Pot, Chef Ctiua's original dipping sauce. Served with your choice of x seafood or sirloin beef. Side orders include f seafood,
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      Page 3 Advertisements Column 1
      140 3 Choice Residential Land —i— m i ■-I 1) 153 KILLINEY ROAD District 9 condominium hotspot belt at River Valley/ Killincy Road junction 5 minutes walk to Orchard Road Land Area: 4,570 m 2 (49, 191 sq ft) Freehold J Conservation Shop Houses TELOK AYER Freehold 3 storey pre-war shop houses
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      661 3 j' I BARCLAYS PLC 1 |TS SUBS D AR|ES Head Office: 54 Lombard Street EC3P 3AH. Singapore Office: 50 Raffles Place #23-01 Shell Tower, Singapore 0104. Maxwell Road PO. Box 887, Singapore 9017. Tel: *****55. Balance Sheets at 31st December 1990 Barclays PLC Consolidated Profit and Loss Account for the
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      266 4 FOR SALE NEW ZEALAND HOTELS FREEHOLD PROPERTIES HIGH YIELD PRICED TO SELL MANAGEMENT AVAILABLE WITH GUARANTEED RETURNS AUCKLAND I CHRKTCHURCH QUEENSTOWN ITCANAU ROTORLA Vacation Inn Vacation Inn Vacation Inn Vacation Inn Kingsgate 222 rooms 91 rooms, 5 suites 100 rooms, 2 suites 94 rooms 194 room hotel in Restaurant and
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      346 5 I I TO SHOW HOW REAL OUR COLOUR COPIES CAN BE WE PUT A REAL TULIP INTO THIS AD. cr otec on Canon Colour Laser Copier. known which. (No, not the one with a g was only profeswm Jr y /sional printing. Canon's exclusive Digital A J |r Image Processing
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  • FINANCIAL NEWS
    • Article, Illustration
      Korean banks to make presence felt
      530 6  -  Industrial Bank of Korea and Citizen National Bank setting up representative offices here By Diana Oon TWO KOREAN state-owned banks will be setting up representative offices here soon. The Industrial Bank of Korea will be officially opened tomorrow and the Citizens National Bank on
      530 words
    • Article
      Lock icon OECD warns against hasty interest rate cuts
      260 6 Reuter PARIS The scope for central banks to relax monetaiy policy in coming months is limited because hasty cuts in short-term interest rates would run the risk of unsettling bond markets, according to an OECD report. "Monetary authorities should resist pressures to drive
      Reuter  -  260 words
    • SMALL CHANGE
      • Article
        Earnings of US brokers rise slightly
        74 6 NEW YORK The average earnings of retail securities brokers in the US rose less than one per cent to U5579,169 (about S$ 141.600) in 1990 from U5578,711 in 1989, while institutional broker earnings also rose less than one per cent to U*****,335 from U*****,730.
        74 words
      • Article
        Brewery to raise up to US$100m
        60 6 ADELAIDE SA Brewing Industries Ltd is planning an issue of convertible Eurobonds to raise between US$75 million and US$lOO million. Managing director Ross Wilson said the issue would fund the US$9O million acquisition of US water-heater maker Mor-Flo Industries, including the assumption of its
        60 words
      • Article
        NCNB unit buys deposits
        65 6 DALLAS NCNB Corp's Texas unit has acquired certain insured deposits of two former Commonwealth Federal Savings Association Texas units one in Corpus Christi, the other in San Antonio from the Resolution Trust Corp. The NCNB unit said it paid a U*****,000 premium for deposits of about
        65 words
      • Article
        Small UK firms sore with banks
        94 6 LONDON The majority of Britain's small companies said banks overcharge and are not doing enough to help them during the recession, according to a poll conducted for The Sunday Times newspaper. From a sample of 603 small companies surveyed throughout Britain with 25 employees
        94 words
      • Article
        Argentina seeks IMF loan
        63 6 BUENOS AIRES Argentina is preparing a letter of intent for a US$l billion standby loan from the International Monetary Fund. Economy Minister Domingo Cavallo said that the letter of intent, in which the Peronist government put forward the economic targets it intended to reach over the
        63 words
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      1406 6 TONG BEE FINANCE COMPANY LIMITED AND SUBSIDIARY (Incorporated in tfio Republic of Singapore) BALANCE SHEETS DECEMBER 31.1990 SHARE CAPITAL SHARE PREMIUM STATUTORY RESERVE UNAPPROPRIATED PROFITS TOTAL SHARE CAPITAL AND RESERVES Represented by FIXED ASSETS INVESTMENT IN SHARES CURRENT ASSETS Secured loans Statutory deposit with the Monetary Authority ot Singapore Interest
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      115 6 r f ■;7 f I '4 V I t* 4* *H 1 i t fj THE SEMBAWANG GROUP and PEIITIEAN S.A. <•« ii l# /t i 4 have formed a joint venture company 4 > r tt r4;| IXDLE TECHNOLOGIES PTE LTD f 1 > r r-- 4 1 Egon
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  • Page 6 Miscellaneous
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  • THE REGION
    • Article, Illustration
      Lock icon Hanoi government reaffirms faith in socialism
      361 7 Party leader rejects multi-party system Reuter HANOI Vietnamese leader Nguyen Van Linh told a communist party congress yesterday that the government will pursue the socialist path in spite of the collapse of communism around the world. Standing before gold portraits of Lenin and Marx
      Reuter  -  361 words
    • Article
      Lock icon Volcanic eruption adding to Manila's economic woes
      229 7 Reuter MANILA Widespread damage by an erupting volcano in the Philippines is putting further strains on an economy already showing signs of a downturn and could discourage investors anxious about the withdrawal of American troops. Infrastructure destruction caused by the eruptions of Mount
      Reuter  -  229 words
    • Article, Illustration
      Lock icon Indon political parties wait for signs from Suharto
      424 7 AFP JAKARTA Indonesian political parties are likely to postpone public debate on the country's future head of state until President Suharto makes clear whether he intends to remain in power after 1993, analysts said on Monday. Coordinating Minister for Political Affairs Sudomo
      AFP  -  424 words
    • NOTE BOOK
      • Article
        Philippine officials face illegal logging charges
        77 7 MANILA At least 66 employees of the Philippine Department of Environment and Natural Resources (DENR) are facing charges for alleged involvement in illegal logging. In a letter published in the Philippine Daily Inquirer yesterday, DENR Secretary Fulgencio Factoran said they were facing either criminal
        77 words
      • Article
        NZ trade surplus hits new high
        78 7 WELLINGTON New Zealand's merchandise trade surplus widened to NZ5381.9 million (*****.5 million) last month, as the value of exports rose to a record high, the government's Statistics Department said yesterday. In April, exports exceeded imports by NZ5225.3 million. The May surplus compares with a
        78 words
      • Article
        Underwater volcano monitored
        98 7 MANILA An underwater volcano in the northern Philippines is being put under close observation after reports of renewed activity, volcanologists said last Sunday. The decision came a week after Mount Pinatubo devastated the Central Luzon region north of the Philippine capital. A government volcanologist said that a
        98 words
      • Article
        Caribbean state offers passports
        99 7 HONGKONG A tiny Caribbean state yesterday offered to give passports to 3,000 Hongkong people ahead of the British colony's pending a takeover by China in 1997. After similar bids by a number of countries ranging from Singapore to Tonga, St Kitts and Nevis was the latest
        99 words
      • Article
        Civil servants end strike
        78 7 HONIARA, Solomon Islands Public servants in the Solomon Islands returned to work yesterday, ending a two-month dispute over pay and union recognition. The South Pacific nation's 4,000 public servants ended their action after the government agreed to formally recognise their Public Employees Union. They have walked
        78 words
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      173 7 WHO FLIES STRAIGHT TO BANGKOK FROM SINGAPORE MORE THAN ANY OTHER AIRLINE? THAI. YOU CAN DEPEND ON US. I hai flics to Bangkok from Singapore no lower than Like Thai's huttoned-down approach to maintenance in Bangkok enjoyed their flight so much they wished it 38 times each week In tact,
      173 words
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  • THE WORLD 1
    • Article, Illustration
      Lock icon EC and Efta meeting to seal accord
      495 8 Both sides facing huge technical obstacles Reuter BRUSSELS The European Community and the European Free Trade Association (Efta) meet in the Austrian town of Salzburg this week in a bid to cement a fragile political accord on a giant common market stretching from
      Reuter  -  495 words
    • Article
      Lock icon US machine tool orders fall for third straight month
      385 9 Drop seen as sign of continued weakness NYT WASHINGTON Orders for US-made machine tools fell in May for a third straight month, dropping 19.6 per cent from the April level, an industry trade group said in a monthly report released yesterday.
      NYT  -  385 words
    • Article
      Lock icon Investors fear problems in E Germany
      185 9 Reuter BONN Foreign companies are eager to invest in eastern Germany, but many are waiting until the region's antiquated infrastructure has been improved greatly, the German Industry and Trade Association (DIHT) said. DIHT said it based its assessment on a survey of companies in
      Reuter  -  185 words
    • Article
      Lock icon Business leaders rule out aid to Moscow for some time
      217 9 Reuter BEAVER CREEK. Colorado Top international business leaders have said Moscow is 1 unlikely to receive aid soon because economic and political reforms are not developing fast enough. About 70 businessmen and politicians from 15 countries attending the American Enterprise
      Reuter  -  217 words
    • Article
      Lock icon Rebel Soviet republics seek investments
      440 9 Reuter CRANS MONTANA. Switzerland Leaders from two rebellious Soviet republics said on Sunday that they were committed to full independence and appealed for direct Western investment to repair economic damage inflicted by Moscow. "We badly need loans and investments from the West in order to
      Reuter  -  440 words
    • WORLD WATCH
      • Article
        Walesa threatens again to dissolve Parliament
        71 9 WARSAW Polish President Lech Walesa has repeated his threat to dissolve Parliament after deputies last Friday rejected his amendments to the electoral law. Speaking outside his former parish church in Gdansk last Sunday. Mr W alesa said that the Polish people agreed with him.
        71 words
      • Article
        Erotic Party enters political fray
        64 9 WARSAW The latest party to be formed in Poland's burgeoning democracy is the Erotic Party, a group which plans to campaign against the largely Catholic country s regressive moral ideas". The PAP news agency reported last Sunday that the party, originating from a nudist group,
        64 words
      • Article
        Yugoslavia's finances worsening
        53 9 BELGRADE Yugoslavia's balance of payments is deteriorating and foreign currency reserves are tailing because of lack of confidence in its economy. Branko Dragas. vice-go\ernor of the National Bank, said last Sunday that foreign currency reserves had fallen by US$5.2 billion (559.26 billion) since last October to less
        53 words
      • Article
        Cholera epidemic hits Mexico
        52 9 MEXICO CITY A cholera epidemic sweeping South America has struck its first victims in Mexico, afflicting l 7 adults in one of the country 's poorest states. Mexican newspapers said last Sunday. The epidemic began in Peru in February and has spread to Ecuador. Colombia. Chile
        52 words
      • Article
        Beijing arrests Catholic bishop
        55 9 ROME C ommunist authorities in China have arrested the acting Roman Catholic bishop of Shanghai. The arrest occurred on June 11. following Pope John Paul II s announcement that another Chinese prelate. Bishop Ignatius Gong Pinmci, had been named a cardinal, a C atholic news agency,
        55 words
      • Article
        LS senator points to better ties
        76 9 PANMUNJOM. Korea A US senator in South Korea to retrieve the remains of 11 American soldiers killed in the Korean War has said that North Korean cooperation on such MIA issues could lead to improved bilateral relations. Bob Smith, a Republican member of the
        76 words
    • Article, Illustration
      Lock icon Lamont sees second-half recovery
      396 9 Reuter LONDON The British economy is on course for recovery in the second halt as recent cuts in interest rates boost consumer and industrial confidence, says the British Chancellor of the Exchequer, Norman Lamont. "I believe we will see an upturn in the second half of
      Reuter  -  396 words
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      65 8 KEEPING CLASSY COMPANY GEORGE WINSTON WILLIAM ACKERMAN SCOTT COSSU TURTLE ISLAND STRING QUARTET MICHAEL HEDGES TUCK PATTI MARK ISHAM PHILIP AABERG LIZ STORY NIGHT NOISE BEN SIDRAN ALEX DE GRASSI CLIFF EBERHARDT RAY OBIEDO ANDY NARELL MICHAEL MANRING BILLY CHILDS KIT WALKER SHADOWFAX TUCKANDRESS USTEN TO WINDHAM HILL COMPACT DISC
      65 words
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      Page 8 Advertisements Column 2
      224 8 IT WAS NO ACCIDENT THAT WE GOT All we needed to do was JNL m W J* W M W Maybe it's our policy of working AN AiA/ARO knock it back in shape, slap on a A W M m W W M m M m. with like-minded professionals new
      224 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      71 9 Ihe2kg. Heavyweight Superb clarity with paper white VGA display (640 x 480 resolution). 80C286 Performance (12 MHz) Big Bxlo inch screen, with 16 shades of grey. Full sized keyboard with separate cursor keys. Fast 20 MB hard disk drive (23ms). SHARP SHARP CORPORATION JAPAN fValrrv <• Systems Id: »W JWO/IM.
      71 words
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      Page 9 Advertisements Column 2
      4 9 G-7 focus. Pg 14
      4 words
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      Page 9 Advertisements Column 3
      76 9 WILL THAT I BARGAIN I HOME COMPUTER I COST YOU I heaps: I TELEVIEW SOFTWARE S9O I ~iir'" 3 MONTHS' TELEVIEW SUBSCRIPTION (RESIDENTIAL) $27 I MICROSOFT WINDOWS 3.0 S3OO I V I COMPUTER TRAINING Sl5O < V k I ■> MICROSOFT DOS 4.01 S3OO j&alK*--- T ON-SITE WARRANTY S2OO ONE
      76 words
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  • Article
    Competitively speaking
    461 10 EDITORIAL IN TUt cauldron of international competition. some nations succeed and others fail. But why? Harvard Business School professor Michael E Porter says this is "perhaps the most frequently asked economic question of our times", and no wonder. To grow and prosper these days, a nation's industries must
    461 words
  • WHAT THE OTHERS SAY
    • Article
      Give value for money
      221 10 SINGAPORE'S tourist trade is recovering, with visitor arrivals rising again. The question is whether arrivals will return in the same numbers as before. It does not look at all probable, however, especially in the case of the big-spending Japanese. In March, for instance, the total number
      221 words
    • Article
      Is polygamy the solution?
      177 10 DESPITE efforts by the government and various match-making agencies, there are still a substantial number of women who remain single. Mr Mohamad Maidin. Political Secretary (Information and Arts), recently raised the possibility of practising polygamy as one of the solutions to the problem faced by the
      177 words
    • Article
      Quality of life
      104 10 SINGAPOREANS have been talking about improving the quality of life. But if we only care about material gains, and have no feelings for the community and the society at large, we will become a society with people detached from each other. Or. in the words of Brigadier-General
      104 words
  • REGIONAL VIEWPOINTS
    • Article
      Birth of a middle class
      145 10 INDONESIA has long been waiting for the emergence of a true middle class that could help enhance a more v iable political liberalisation, especially after the Philippine middle class demonstrated its role in pushing for change in the country during the last 20 years. Dr
      145 words
    • Article
      Time to make a start
      182 10 VI \L.PRACTK HS bv land officials dealing with well defined and clearly-titled pints in Bangkok and )t!ier urban centres can be avoided by a wholesale re-evaluation to make the official median value on liie same par as the actual market value in order to prevent
      182 words
    • Article
      Use land judiciously
      182 10 THAT the agriculture sector will be trampled into oblivion as the nation marches towards industrialisation is a fallacy. Many have the notion that achieving the 2020 vision of a developed country will have to be at the expense of agriculture whose relative importance in the national economy
      182 words
  • Article
    Lock icon Time to take the plunge
    1036 10  -  Yukio Matsuyama observes that the United States, once at the zenith ofliberalism, has become a totally short-tempered and illiberal country. He is also waiting for Japan's liberals to step forward Yukio Matsuyama Asahi News Service WHEN 1 became a correspondent in Washington 30 years ago
    Asahi News Service  -  1,036 words
  • Page 10 Advertisements
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      119 10 Global Trade Finance Imkt-rl international cash management services collections, its globe-spanning services are available to large and small exporters and importers alike. i<--1' --mmi Mfc x a §^1 Arob Banking Corporanon (DSC) Please contact: H. maid T 1 Jpsione. First Vnr President General Manager Arab Ranking Corporation SO Raffles Place
      119 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      52 10 DOONESBURY BY GARRY TRUDEAU ''PP ft hip 3 <$)(] I I'M GOING TO HAND YOU A SPECIALIST 7 (JM LATRINE Mr Vt\ i rtrfuii° W>l OFFTOSPttIAUST HIGH HOW GLAMOROUS' 9tSWMSMAN \me nmlrir ooezrr, timer here, mam 1 its. what po you agement,mam ?ViY .i-" HANU lr MH'MA SPZOAUST, me REAL
      52 words
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  • ANALYSIS
    • Article
      Lock icon There's no insurance in being a name
      976 11  -  Jane Holligan reports on how a political row could lead to the end of time-honoured traditions at Lloyds Jane Holligan UPI Apolitical row over massive underwriting losses could signal the end of time-honoured traditions that have distinguished the Lloyds insurance market since its
      UPI  -  976 words
    • Article, Illustration
      Indonesia: the problems of economic success
      1068 11  -  Dr Johannes Sumarlin has been responsible for the successful deregulation of Indonesia's economy. Maggie Ford, writing for BT from Jakarta, examines the achievements of the Indonesian finance minister Maggie Ford The writer is a Jak.arta-fo.ised journalist who eontributes to BT DR JOHANNES Sumarlin, the
      1,068 words
    • Article
      Lock icon What a capital idea
      619 11  -  Berlin is expecting a real estate boom. Stephen Kinzer reports Stephen Kinzer NYT ON the morning after the German Parliament voted to move the federal government back to its historic seat in Berlin, real-estate agents estimated that prices for homes and apartments had risen about 5
      NYT  -  619 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      156 11 PAN N ETF A X A NEW DIMENSION IN FAX Introducing Pan Netfax on integrated facsimile and electronic mall communications system, providing multiuser direct fax transmission using o workstation A brainchild of Pan Systems and the institute of Systems Science (a research arm of the National University of Singapore). Pan
      156 words
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  • INNOVATION & TECHNOLOGY 1
    • Article, Illustration
      More govt guidance could boost industry
      897 12  -  This week, Claire Leow seeks pointers to trends in the South-east Asian IT industry, drawing from Datapro International's recent report MICROCOMPUTERS IN ASIA-PACIFIC SOUTHEAST ASIA Claire Leow Malaysia Unlike Singapore, Malaysia's IT industry is driven more by the private sector than the government, whose
      897 words
    • Article, Illustration
      Biological stunt raises hopes for diabetics
      588 12 A BIOLOGICAL trick that deceives the immune system may one day make it possible to cure diabetes with the transplantation of insulin-produc-ing pig cells, a Harvard Medical School researcher says. Dr Denise Faustman reports in a recent edition of the journal Science that she
      588 words
    • Article
      Three US experts to share views on IT2000 master plan
      292 12 AS PART of the IT2OOO master plan to be announced this year, the National Computer Board (NCB) has invited three American experts to share their views in the coming weeks. The experts, who will also speak at public lectures, are:
      292 words
    • Article, Illustration
      Banking on technology
      635 13  -  Dawn Tan took a peek into banking's crystal ball at the recent Banque Asia '91 conference and exhibition Dawn Tan INFORMATION technology is set to play a big role in rearranging the financial world as we know it. Future Bunk 2000 was the central theme of several
      635 words
    • Article
      The progress so far in Singapore
      382 13 DECbank. Developed by DEC. Comprises Branchworks and Regional Manager systems. New in the Asia Pacific region, the system focuses on tying together branches with other departments and the back office. It provides immediate access to customer information accounts, loans etc. Able to interface with
      382 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      981 12 f|| BANKERS TRUST NEW YORK 1 I LI CORPORATION AND SUBSIDIARIES I Incorporated with Limited Liability in the U.S.A. I I Consolidated Statement of Income Consolidated Balance Sheet I I Bankers Trust New York Corporation and Subsidiaries Bankers Trust New York Corporation and Subsidiaries H I <US$ in millions. (l'Ss
      981 words
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      Page 12 Advertisements Column 2
      97 12 IT MATTERS has been held over this week I 6Va* I SUPER INTEREST RATES FOR SINGAPORE DOLLAR DEPOSITS Minimum amount S$5Q,OOO 1 Month 5.5% 3 Months 5.75% 6 Months 5.875% 9 Months 5.875% 12 Months 6V8% (Rates subject to change without notice) Special Rates for amounts-above Ssloo.ooo We also offer
      97 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      439 13 M Kfl 6/jy J/i y w e>/ w fffiBiBBBPB? I Dr Bgrhucli adtel^ The nCW 10-8200 language, programming, and game cards. With lots more on the w ay. Now Sharp expands its Electronic Organizer range. And you can link up with IBM-compatibles, Macintosh, The IQ-8200 has a bigger screen, bigger
      439 words
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  • FOCUS 1
    • Article, Illustration
      Lock icon G-7 agrees to check the runaway dollar
      761 14 Sunday's G-7 meeting in London Reuter THE Group of Seven, determined to regain its grip over unruly foreign exchange markets, has promised to rein in the runaway dollar to keep the fragile world economic recovery' on course. Although Washington's apparently lukewarm attitude to
      Reuter  -  761 words
    • Article, Illustration
      Lock icon West pressures Gorbachev to deliver wide reforms
      729 14 Reuter THE WEST delivered a blunt message on Sunday that the Soviet Union cannot expect massive handouts to rescue its economy and put the onus on Soviet President Mikhail Gorbachev to prove that he can deliver economic and political reform. Finance ministers from
      Reuter  -  729 words
    • Article, Illustration
      Workers on the fringe of the economy
      1283 15 If you cannot regulate them, help them. The International Labour Office explores ways ot incorporating the informal sector into the mainstream economy IT HAS a name, but no precise definition. It operates largely beyond the law, yet it is a lifeline for 300
      1,283 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      160 14 SWISSAIR ANNOUNCES THE FIRST SMa-FLKMTS TO EUROPE To fly Business Class on our new Swissair MD-11 you feel like it. Inflight entertainment is absolute service to Europe is to experience real space travel. Because state-of-the-art. The cabin doesn t have to be darkened there's more space than you would believe
      160 words
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  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      114 15 ENGINEERING/CONSTRUCTION JOINT VENTURE PARTNER An Australian electrical engineering manufacturing and contracting company with proven expertise in substantial mining and industrial projects is seeking a joint venture partner for turnkey design construction projects in Australia and S.E.Asia. This joint venture arrangement would provide substantial representation of both parties in projects related
      114 words
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      Page 15 Advertisements Column 2
      71 15 inspiKiIioii d! S\mss 111;tk .K Iik-vfiiiriit. 111'' III III i > i j t < I .Hit I |(>f 11 1111 x > I i -.< •< i l>\ llXltinil.ll HUM A ill l< XI .MM I lilt- III II I V,11 It < I .'ill .11 III lit 'III
      71 words
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  • Page 16 Advertisements
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      Page 16 Advertisements Column 1
      228 16 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE DINNKRBUFFET at $22 The leanest, juiciest and most tender U.S. meat are coming your way at PRII'K IFfsS <■I UH\( Cafe. The finest quality American beef, poultry and seafood grilled and cooked in a
      228 words
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      Page 16 Advertisements Column 2
      342 16 mm I i mil iniiiiiiii SEAFOOD EXTRAVAGANZA June 14th 30th 1991 The ocean's catches are yours for the picking at Plum's. From clams to crabs, from squid to scallops, the choices are endless. In addition, there are even double return air tickets with accommodation at our sister properties in Hyatt
      342 words
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      Page 16 Advertisements Column 3
      273 16 jff I Seafood Theatre Restaurant p' Cantonese-Thai Cuisine v MAKE NO BONES -I S ABOUT IT. s' OU« SET MINUS AK VAIUf-fOI-MONEY. U > «v —V. A rare treat indeed! Exotic Cantonese-Thai cuisine served to you at the most affordable prices In a variety of set menus for 2-10 persons.
      273 words
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      Page 16 Advertisements Column 4
      222 16 M <~fcu6cdL That's our prediction for you when vou step into the Kasbah u live bands take you down memory lane with golden hits and evergreens Every night is nostalgia night You'll be mesmerized. WerkA i)w Ipm 2mm I t'erktm*, *pm km "j|j!» vww.-ifa— *W r %y»i" Karat<k/ —SuOtyj ft.
      222 words
  • Page 16 Miscellaneous
    • Miscellaneous
      Page 16 Miscellaneous Column 1
      710 16 TELEVISION AND RADIO I JndfTPrniinrl travpl 1 I j as'assr sasars-^ nvi^igiuunu uavci 7 .o«ascfisa l z^r u 8.00 Close. Man (Cartoon). 8.30 Dramaneka Ranjau Kota. '■fr l 30pn, ![l][H 7.00 PM CNN International <L). 6.55 Programme Summary. 8.45 Senada Seirama. 5.30pm, 3.25 am: Financial News 8.00 Under the Sun
      710 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon A discreet, discerning trend
      751 17  -  Where does a leaner economy leave European luxury goods manufacturers? Nancy Marx Better reports Nancy Marx Better NYT IT IS a joy when you are able to tell the difference between a Chateau d'Yquem and an ordinary burgundy." So said Jean-Louis Du-mas-Hermes, fift h-generat ion head
      NYT  -  751 words
    • Article
      Lock icon Belting up for warmer weather
      396 17  -  Deborah Hofmann on New York's hottest belts of the season Debora Hofmann NYT SUMMER belts embrace a state of mind as much as a waistline. They convey an attitude that is relaxed, cool, easy. Belts of loosely braided leather, or woven of straw offer ventilation.
      NYT  -  396 words
    • Article
      Songwriter champions convicted teacher
      572 17 CHATTERBOX COMPOSER Bob Dorley of Hampton is so convinced of the innocence of Pamela Smart, the 23-year-old teacher convicted on March 22 of conspiring with her teenage boyfriend to kill her husband, that he has written Pamela's Song: "So sad. so sad to think it's not
      572 words
  • Page 17 Advertisements
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      Page 17 Advertisements Column 1
      283 17 AND ENTERTAIN There's No Beefing About It. From 1 June to 30 June 1991 Our U S prime rib of beef is as good as ever. An excellent dinner choice carved right at your table and served with braised onions, baked idaho potatoes and a crisp caesar salad. A prime
      283 words
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      Page 17 Advertisements Column 2
      196 17 AND EXHIBITION ON DATA INTERCHANGE MME A DA/S WITH 2DKOM '9J| 27 23 Jung (!il'/ (onvenltpn Csiitjsl EDICOM returns after its successful debut last year. Conference speakers for Ais year include worldwide EDI experts and UN/HMFACT Rapporteurs from North IM Uf AmaIMCM A|MM 7AMMMI jhml |jMy||| /CiMMIIAM America, western turope,
      196 words
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  • SPORTS 1
    • SIDE LINES
      • Article
        Can Graff bounce back on top?
        117 18 NEW YORK With her loss in the semi-finals of the French Open earlier this month, Steffi Graf had been beaten in five Grand Slam tournaments in a row. Her confidence was shot, she admitted. What's wrong? Can she get back on track for Wimbledon,
        117 words
      • Article
        A clearer explanation please
        94 18 WIMBLEDON If Monica Seles, the former top-seeded woman, fails to produce a clearer excuse for her late withdrawal on Friday, she could be fined up to £3,800 (S$ 10,500) tournament officials said yesterday. Conflicting reports on Seles' whereabouts and physical condition were still circulating, but last
        94 words
      • Article
        Johnson's satisfied
        69 18 L APINLAHTI, Finland Canadian sprinter Ben Johnson recorded his best time of the season but finished fourth in a 100 metres race at an international athletics meeting here on Sunday. Johnson, attempting a comeback following a two-year suspension after testing positive for an anabolic steroid at the 1988
        69 words
      • Article
        Martinez stuns field
        85 18 SAN FRANCISCO Unseeded Daniel Martinez, rallied on by the cheering of his training buddies, stunned the men's field of the 2nd Annual San Francisco Marathon on Sunday, winning the title easily in a time of 2:15.31. Leslie Lahane grabbed the women's title in a time of 2:35.33.
        85 words
      • Article
        Maradona's not returning
        51 18 NAPLES Argentinian soccer star Diego Maradona would not be returning to Naples to face drug charges tomorrow, his lawyer announced on Sunday. When Maradona left Rome for Argentina on April 2, he swore he would come back to Naples and face the charges of using and supplying
        51 words
    • Article
      Lock icon Daniel wins McDonald's title by four strokes
      303 18 Reuter WILMINGTON, Delaware Beth Daniel overcame a two-stroke deficit on Sunday to win by four strokes over Sallv Little and Pat Bradley in the U*****,000 McDonald's championship. Daniel began the day two shots behind Little, the thirdround leader, but posted a three-under-par 68
      Reuter  -  303 words
    • Article, Illustration
      Lock icon Faldo swings to easy victory in Irish Open
      433 18 AFP KILLARNEY, Ireland Nick Faldo eased some of the pressure on Europe's Ryder Cup captain Bernard Gallacher when he won the Irish Open by three strokes here on Sunday. The British Open champion, who has stated his intention to earn a place
      AFP  -  433 words
    • Article
      Lock icon Moody triumphs in Paine Webber Invitational
      332 18 UPI CHARLOTTE, North Carolina Orville Moody fired a 2-under-par 70 on Sunday to claim his first PGA Senior Tour victory in two years by winning the U*****,000 (*****.000) Paine Webber Invitational. Moody, 57, picked up a cheque for U5567,500 by holding off late challenges
      UPI  -  332 words
    • Article
      Lock icon Andretti races to victory in Budweiser event
      399 18 AP PORTLAND, Oregon Michael Andretti beat Emerson Fittipaldi and Rick Mears into the first turn and then dominated the Bud-weiser-GI Joe's 200 on Sunday to earn a 4.5-second victory and become the first two-time winner on the Indycar circuit this year. Andretti, using
      AP  -  399 words
    • Article
      Lock icon Ickx maps road to success for Mazda
      350 18 AP LE MANS, France Jackv Ickx knows how to win at Le Mans. Between 1969 and 1985, the Belgian won the gruelling 24 Hours endurance classic six times and posted the fastest lap during the race five times, the Le Mans leader in
      AP  -  350 words
    • Article, Illustration
      Lock icon Navratilova rediscovers passion for first love
      904 19 NYT EASTBOURNE. England Almost every place but on the tennis court, where she has studiously rediscovered how to lose herself in her sport, she is bothered by indecision and a loneliness brought on by a mid-life crisis very much of her own making. Breaking
      NYT  -  904 words
    • Article
      Lock icon It's a game of numbers at Wimbledon
      492 19 AP WIMBLEDON Skip the strawberries and cream. Ignore the traditional white clothing and the elegant Royal Box. Try to forget the abysmal weather. At its core. Wimbledon is a statistician's dream. This year the numbers are staggering: Martina Navratilova is one victory away
      AP  -  492 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      244 18 SinGAPORE AIRLinES LIITIITED (Incorporated in the Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Nineteenth Annual General Meeting of the Company will be held at the Bencoolen Room, 4th Level, The Westin Stamford and Westin Plaza, 2 Stamford Road, Singapore 0617 on Saturday, 20
      244 words
    • Advertisement
      Page 18 Advertisements Column 2
      290 18 SinGAPORE AIRLinES LIHIITED (Incorporated in the Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Company will be held at the Bencoolen Room, 4th Level, The Westin Stamford Westin Plaza. 2 Stamford Road, Singapore 0617 on Saturday. 20 July 1991
      290 words
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  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      2432 19 SING INVESTMENTS FINANCE LIMITED I and its subsidiary company W (Incorporated in the Republic of Singapore) H BALANCE SHEETS AS AT 31 ST DECEMBER 1990 3 FIXED assets The Group Investments Depreciation Accumulated Net Book chtrQfd foe Quoted eguity inv©stni6Pts 4 814 6 561 4 599 6 417 The Group
      2,432 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares dip but close above day's lows
      4276 20 Bernama SHARE PRICES on the Kuala Lumpur stock market closed lower in listless trading yesterday but ended above the day's lows on late bargain-hunting. The KLSE Composite Index edged up 0.47 of a point to 624.91 while the Industrial Index added 1.26 points
      Bernama  -  4,276 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Nikkei dives 509 points on brokerage jitters
      2214 21 Reuter TOKYO STOCKS closed sharply lower yesterday. Investors tied the market after Nomura Securities Co president said he would resign and local reports said Nikko's president planned the same. The two firms have admitted covering client losses and other dubious deals, but denied
      Reuter  -  2,214 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Share prices end mixed in quiet trading
      1989 21 AP AFP SHARE PRICES on the Hongkong stock exchange closed mixed following a slight technical rebound prompted by the Hang Seng Index's total 2 per cent loss last week. The index, the market's key indicator of blue chips, gained 4.40 points, closing at
      AP; AFP  -  1,989 words
  • Page 21 Advertisements
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  • REGIONAL STOCK MARKETS
    • Thai stocks continue to tumble
      • Article
        BANGKOK
        811 22 THE Thai stock index yesterday fell further with blue chips losses, and brokers said investors were still disheartened by last week's plunge. The SET index fell 19.05 points, or 2.5 per cent, to 754.49, the lowest since the Feb 23 coup. The index ended at 734.24 on Feb 25,
        811 words
      • Article
        AUSTRALIA
        806 22 LACK OF DIRECTION ahead of the end of the financial year saw Australian shares fall in extremely thin trade yesterday. Brokers said a negative tone settled over the banking sector and this spread to leading stocks across the market. "But really there's nothing doing in any quarter that's driving
        806 words
      • Article
        JAKARTA
        678 22 HEAVY SELLING dominated Jakarta stock trading yesterday as investors tried to cut further losses, pushing prices down across the board, brokers said. The official index fell 2.47 points to 370.24 and turnover jumped to 8.16 million shares from Friday's 1.40 million. "Investors are worried that prices will continue to
        678 words
      • Article
        MANILA
        488 22 PHILIPPINE SHARES fell as the extent of damage caused by Mount Pinatubo raised traders' fear that the repercussions could be greater than they earlier thought. The Manila Stock Exchange composite index fell more than 3 per cent to close at 1,046.53, with a 36.09-point loss from last Friday. "Many
        488 words
      • Article
        TAIWAN
        169 22 TAIWAN share prices finished slightly lower because of sagging Financials, though dealers said there was some buying at the lows. The weighted index closed 42.54 points lower at 6,090.19 compared with Saturday's 6.132.73 finish. Turnover was a moderate NTS4O.4 billion against NT542.9 billion. Dealers said banking shares were dragged
        169 words
      • Article
        SEOUL
        775 22 INSTITUTIONAL BUYING allied with Stock Market Stabilisation Fund intervention staved off pressure from individuals dumping shares yesterday, and the Seoul market ended slightly higher, brokers said. "Support from newly -established Korea Development Securities and the SMSF halted panic selling by individuals who were discouraged when the index broke the
        775 words
      • Article
        NEW ZEALAND
        97 22 THERE were few explosions with share prices easing on moderate volume on the first day of screen trading on the New Zealand Stock Exchange. "There was no bang at all. It was all very smooth." Murray Doyle of Doyle Paterson Brown said. The Barclays Index fell 4.25 to
        97 words
      • Article
        Untitled
        1020 22 Close Previous June 24 SYDNEY All Ordinaries Index 1,503.2 1,511.8 -8.6 Ml Industrials Index 2.323.3 2,337.1 -13.8 All Resoua~es Index 875.7 881.4 -5.7 Turnover (million) 74 67.9 +6.1 BANGKOK SET Index 754.49 773.54 -19.05 Turnover (million baht) 2.890 2,602 +288 JAKARTA Composite Index 370.24 372.71 -2.47 MANILA Composite Index 1.046.53
        1,020 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article, Illustration
      Lock icon Sang Kancil's best profit showing in four months
      801 23  -  THE SAN^^LNCIL By David Gabriel Using technical methods, the. Sam» Kancil weekly report tracks the profit/loss position <>/ a $50,000 deposit, leveraged up to 10 times for trading in a portfolio of marks, yen. sterling. Swiss francs, Sikkei futures and Euroyen futures.
      Source: TeleTrac  -  801 words
    • Article
      US unit rises on weak G-7 commitment
      416 23 REPORTS Tokyo: The US dollar ended sharply higher yesterday as the weekend's G-7 meeting offered nothing hut a vague statement reaffirming its commitment to currency cooperation. The dollar ended at 139.77 yen and 1.8165/70 mark after closing in New York at 138.90/00 and
      416 words
    • Article
      FINANCIAL FUTURES
      1078 23 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 93.52 93.53 93.52 93.53 5000 ***** 4162 Dec 91 92.93 92.94 92.92 92.93 2282 ***** 5740 Mar 92 92.83 92.83 92.80 92.81 1541 8475 1949 Jun 92 92.41 92.41 92.40 92.40 230 1226 547 Sep 92
      1,078 words
    • Article
      INTERBANK FOREX RATES
      427 23 Cross rates June 21 T T 1 USS s$ MS Dm Yen t SI i AS i N/S I fSS I 1-7805 2.7850 1 8010 139.10 0.6148 1.5455 1.3063 1.7376 SS 0 5616 1.5642 1.0115 0 7812 0.3453 0.8680 0.7337 0.9759 MS 0.3591 63.93 I 0.6467 0.4995
      427 words
    • Article
      MONEY MARKET
      529 23 Interbank rates SS Bid < >ffvr Overnight 5 1/4 5 V8 1-month 5 11/16 5IVI6 2-month 5 13/16 5 15/16 3-month 5 15/16 6 1/16 Overnight mode: 5-5/16 IS* Bid Offer fdlys 6 1/16 6 3/16 1 month 5 15/16 6 1/16 2 months 6 6 1/8 3
      529 words
  • Page 23 Advertisements
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  • COMMODITIES
    • Article, Illustration
      Lock icon The fading allure of gold in today's world
      595 24 NYT NEW YORK Some of the world's most influential money managers have been reeasting their views about gold's ancient role as a haven for wealth in times of uncertainty or crisis. In commodities markets, coin shops, Swiss investment houses and in the
      NYT  -  595 words
    • Article
      Tin, gold and robber ease, palm oil rises
      499 24 REPORTS ON THE Kuala Lumpur Tin Market yesterday, business was done at M$ 15.40 per kg (ex-smelter), down eight sen from last Friday on an official offering of 38 tonnes. Tin futures closed nominally lower on the decline in London and the
      499 words
  • Article
    PRICES
    1535 24 Rubber June 24 IMS (tell In bates) S cents/kg Noon Close Int 1 KSS Prompt 147.00/148 OON 147.25/148 25N Int I RSS Julv 9| 148.50/149.00 148.75/149 25 Int I RSS August 150 25/150 75 150 50/151 00 Int 2 RSS OP 147 00/ 149.00N 147.00.149 OON Int 3 RSS
    1,535 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      195 24 BUSINESS TIMES TELEPHONE: 730 5771/5772/5773 FAX: 734-4982 someone overseas about Singapore. Pb Subscribe now Call 740-1840/1. MEL ELECTRICAL ENGINEERING COMPANY (PRIVATE) LIMITED (In Members Voluntary Liquidation) NOTICE OF FINAL MEETING Nonce s hereby given that the Final Meetng of the members of the aoovenarred compary will be held at 5001
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      Page 24 Advertisements Column 2
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1115 25 City Flight ETA Flight ETD Abu Dhabi GA893 1235 GA974 0005 GA886 0010 Adelaide SQ228 2000 QF82 2200 Amsterdam GA893 1025 GA886 0010 KL837 1255 SQ24 0100 SQ23 1815 GA892 0110 GA974 2025 SQ24 2200 KL838 2240 Athens OA471 2205 SQ24 2200 Auckland NZ35 1550 SQ388
    1,115 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Homes away from home
      558 25  -  POSTCARD FROM LONDON By Roger Collis IF YOU resent paying up to £200 (SS6OO) a night for a hotel in central London, consider "bed and breakfast" at a quarter of the price in a private home, guest house or small hotel. Not just any B&B mind
      558 words
    • Article
      MONEY CHANGER RATES
      155 25 As at 3pm on June 21: I/Kal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.352 1.382 Canadian dollar 1.545 1.575 NZ dollar 1.012 1.042 Sterling pound 2.8800 2.*) 100 IIS dollar 1.7720 1.7820 lxical dollars to 100 units of foreign current) Austrian
      155 words
    • Article
      WORLD TRADE EXHIBITIONS
      96 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel June 25-29 International Brtislava. Incheba Compan\ *****1111 J u |> 14-21 Exhibition On Buenos Aires USUARIA *****2855 Chemical Fair Czechoslo- Limited Equipment. vakia Technology July I Kuwait: Hilton A>ian Investment **********8 Services for Opportunities In International: Conferences
      96 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      34 25 Ronald, youH relish Firaiair's Hamburg service. Finnair's 0855 arrival in Hamburg is just one of the timely arrivals at over 30 European destinations. Call *****77 for details. 'W know Europ«* from Ktart to Finnish.
      34 words
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      Page 25 Advertisements Column 2
      43 25 For victims of brutal attacks and senseless violence, the pain and trauma live on long after the public has forgotten them. How do they feel? How do they cope? In our two-parter, we see how life has changed for two such victims. sS
      43 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      283 25 ACROSS R —p B p B p jj^P 1 Out going traffic (6,5) 9 A command to avoid (4) 10 Two members of the crew sailed round New Zealand I I WM 11 Group of musicians —or 14 Cut and run (7) 16 Sculpturing of stone deco- 14 15 16
      283 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      208 25 Singapore Outlook: Showers o»er several areas in the morning. Report: Maximum temperature 32.7° Assoc humidity 61% Minimum temperature 26.6° Assoc humidity 89% Hours of sunshine 7.35 Rainfall in mm Nil Rainfall this month 94.9 Rainy days this month 7 World report Asia-Pacific Cond. Auckland 15/10 Showers Bangkok 34/26 Showers Beijing
      208 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      20 25 A_6-Tr£fc. FOR /LETftfi fc&\ fvAOUDAV p>T<\NSy (FROPa POg. JONELS J VOIC \j (sugeppeg 8453 A EVENING STANDAROCO~LTD 1962 1991 j
      20 words
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  • Article, Illustration
    Present Asean as a cohesive unit to the world: Goh
    541 26  -  Abandon notion of intra-region competition From Shoeb Kagda in BANGKOK THE Asean countries must present themselves as a cohesive unit offering a mix of comparative and competitive advantages if they are to compete internationally for better investments and bigger markets,
    541 words
  • Article
    May's total trade nearly 10pc higher than last year's
    398 26  -  By Lilian Ang HIGHER IMPORTS took Singapore's total trade in May to 5i8.21 billion (at current prices), a 9.9 per cent rise over May last year. Exports, however, continued to decline slightly. Last month, Singapore exporters shipped out $8.31 billion worth
    398 words
  • Article
    Lock icon Cambodian factions still at odds over UN peace plan
    313 26 AFP PATTAYA. Thailand Prince Norodom Sihanouk has dashed hopes of major progress towards a peace settlement in Cambodia, announcing that the guerillas and Phnom Penh were in total disagreement over a Unit- Ed Nations peace plan. Emerging from the second session
    AFP  -  313 words
  • Article, Illustration
    What the NDP will spell for Malaysia
    719 26  -  The Bottom Line NOORDIN SOPIEE NOORDIN SOPIEE The writer is director-general of the Institute of Strategic and International Studies (Isis) Malaysia The views expressed are entirely his own. THERE WERE all sorts of misconceptions about Malaysia's old New Economic Policy. There will no
    719 words
  • Article
    Lock icon Citicorp making arrangements for US remittances with Hanoi
    267 26 Reuter HONGKONG US-based hank Citicorp is discussing arrangements with Vietnamese hanks tor remitting cash from people of Vietnamese origin in the US. A senior Citicorp official, who requested anonymity, said yesterday that the hank had been granted a licence by the American
    Reuter  -  267 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      272 26 -ILL Baume Mercier GENEVE 1830 |3 iccxvion Financial vMHVA 1 I is I «sv. S s •>*>>s• V W JULY 8-11,1 If you are in the Financial Sector, gain that competitive advantage with Al in our new ISS Course. Specially structured for you, the course is strategically focused, with topics
      272 words
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      Page 26 Advertisements Column 2
      244 26 JIL j Baume Mercier GENEVE 1830 SINGAPORE M INSTITUTE OF MANAGEMENT I ALLAN PEASE I Non-Verbal Communication in Business I August 13.1991 SSI3O SIM members SSI4S Non-members I Allan began developing his techniques of selling at the age of 17 and was the No 1 Salesman for a company selling
      244 words
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  • SHIPPING TIMES
    • Article
      Lock icon US may raise foreign stake in airlines
      235 27 Reuter LONDON The United States Congress may enact legislation allowing foreign airlines to take a 49 per cent voting stake in US carriers by the end of the year. US Transportation Secretary Samuel Skinner said. "The Bush Administration will support a change in
      Reuter  -  235 words
    • Article, Illustration
      PSA may privatise selected operations
      424 27  -  By Selva Kumar THE Port of Singapore Authority is expected to privatise such services as container freight station management. Wholly-owned PSA subsidiary Map Services Pte Ltd. has set up a new private company called Singaport Logistic Services. The new company was formed in March with
      424 words
    • Article
      Lock icon Cuba's answer to car fuel shortage
      305 27 Reuter HAVANA Bicycles. Cuba's answer to a shortage of petrol, are unnerving motorists in Havana almost as mueh as the fuel shortage itself. Swarms of bieyelists have taken to the capital's streets with new, mostly Chinesemade, cycles since the government launched a campaign early
      Reuter  -  305 words
    • Article
      Lock icon Airbus Industrie challenging market domination of Boeing
      647 27 AP PARIS Europe's four-na-tion aircraft manufacturer. Airbus Industrie, has provided multi-billion-dollar proof that it is challenging the long-term market domination of its American rival, Boeing. But charges of unfair subsidies and threats of formal government action are taking the competition out of the
      AP  -  647 words
    • Article, Illustration
      Bremen plans to set up centre for European firms
      360 27  -  By Rahita Elias FOLLOWING the initial success of the newly launched World Trade Centre Bremen Asia Pacific Centre, the German state is likely to set up a similar facility for European companies. A centre for companies from North, Central and South
      360 words
    • NEWS SUMMARY
      • Article
        Boeing may lose out on a major deal
        58 27 ITS MARKETING savvy and popular family of commercial jets has turned the Boeing Co into the United States No 1 exporter, but a recent announcement indicates the aerospace giant may have lost out on a major deal that would open doors to
        58 words
      • Article
        Raytheon wins Norway's US$23.5m contract
        33 27 NORWAY'S civil aviation administration has awarded a U5523.5 million contract to Raytheon Company of the United States for a modernised air traffic control centre in Oslo Back Page
        33 words
      • Article
        US to investigate minivan dumping
        40 27 THE Commerce Department has announced that the government will press forward with an investigation into charges by the nation's big three automakers that Japanese manufacturers have been dumping minivans on the US market Back Page
        40 words
      • Article
        TWA extends offer to buy back debt
        57 27 TRANS World Airlines says it will extend by two weeks its offer to buy back US$l.2 billion in bonds, after making progress in negotiations with some bondholders. But TWA faced new opposition from another bondholder in Chicago who filed a federal lawsuit saying
        57 words
    • LOG BOOK
      • Article
        SNSC to hold 18th AGM on Friday
        61 28 l HE Singapore National Shippers' Council will be holding its lKth Annual General Meeting on Friday, June 28 It 3.30 pm at the Gateway Function Room 5, Fan Pacific Hotel. Ihe meeting will elect six members for a term of three years to
        61 words
      • Article
        Drop in air passenger traffic
        93 28 GENEVA International air passenger traffic tell 11 per *.ent in April compared with the same period a year ago, the International Air Transport Association (lATA) said. March showed a 15 per cent fall. February 26 per cent and January 6 per cent. For the year
        93 words
      • Article
        Captain forced to go to Florida
        61 28 MI AMI Eight Cubans commandeered a fishing charter boat and forced the captain to take them and two Canadian tourists to Florida, a US Coast Guard captain said. Authorities said the eight Cubans asked for political asylum on arrival in Florida and were taken
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      • Article
        Korean crew detained in Chile
        109 28 SANTIAGO, Chile Officials seized 90 kilos of cocaine from a Panamanian-registered boat in the port ol Valparaiso and detained its 21 Korean crew members. The Valparaiso Port Authority said the cocaine was found on Saturday night in the Caho Verde, which had been scheduled to
        109 words
      • Article
        Passengers criticise ship
        130 28 \N Australian couple whose cruise trip was ended when passengers had to abandon ship criticised the condition of the vessel on Sunday, saying it should not have been allowed to sail. Also, they and other passengers said they heard that an Indonesian crewman died aboard the Fairstar,
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    • Article
      DAILY FREIGHTS
      1051 28 t'ANAMAX time-charters and iron ore fixtures featured in the freight market, where Soviet grain charters were also expected, brokers said last Friday. The award of US grain and freight credits to Moscow has not yet resulted in physical shipments, but the Atlantic tightened on the expectation of Soviet
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    • Article, Illustration
      Lock icon The big Chinese contract
      792 28  -  Clinching a deal with China would give Boeing a head start in the world's last big, unsaturated airplane market. But McDonnell Douglas seems to have a stronger position. Terence Finan looks at this critical contract Terence Finan UPI ITS MARKETING savvy and popular family of commercial
      UPI  -  792 words
    • Article
      TRANSPORT DIARY
      1001 28 Jul> 1-3: World Insurance Congress: Restructuring for Opportunity. organised by Lloyd's of London Press Conference Department. Queen Flizabeth II Conference Centre. London. Sept 14-IS: Japan International \erospace Inhibition. Tokyo. Japan. No* 25-28: The far Last Maritime and Offshore Services "91 (FFMOSS). organised by Hilal Asian Lxhibitions at World
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    • Article
      THE SHTPPING GUIDE
      11294 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advaneed dates are published for a maximum
      11,294 words
    • Article
      SHIPPING AGENTS
      3423 41 A im.B( ontainerline NV: Uclsin Shpg Agcncies Pte lid (SVMarine Handling Sdn Bhd (PK/PN) Accord (.roup: Accord Shpg Pte I Id (SV Accord Contr I ine (PK/PN) Adkris HiniMvi Corporation Philippine: Calsource Shpg I rdg Pte L td (S) Ahrenkiel l iner Servke: Kirn Shpg At I"rdg (SV
      3,423 words
    • Article
      COURIER SERVICES
      252 41 Abacus Couriers Tel: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fa*: *****44 Airborne Freight Corporation Tel: 542-8844 Fax: *****16, *****80. Airswift Worldwide Courier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines). 747-7421. Fax: *****75. City-link International Tel: 344-3377. Fax: *****50. Cluster IJnk Supplies Services Tel:
      252 words
    • Article
      AIR FORWARDERS
      1536 41 Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822. Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05 Aerospeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,536 words
    • Article
      PORT CONDITIONS
      1227 42 ARGENTINA Hucnm Aires: I a hour: Stevedores continue' to arrive halt" an hour late for work and to leave halt'an hour early. There are also stoppages of one full hour during each shift, reducing the effective working time per six hour shirt to four hours. Port busy; all
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    • Article
      AIR FREIGHT SCHEDULE
      489 42 ARRIVALS Op Might 1 >ptK1A 1 From TODAY NCA K/203 B747F 0145 1 NRT KAI Kl 69 J »747F 0150 1 SEL JAI. Jl 617 H 74 71 0345 1 NK r CLX CV796 II747K 2M5 1 LUX/AUH/KUL TOMORROW AZ A AZ997 IX If 0240 1 SYD
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    • Article
      Lock icon SHIP SALES & TANKER RATES
      562 42 SHIP SALES TANKER RATES Reuter AFP VESSELS SOLO FOR FURTHER TRADING Motor tankers The Happy Tine: 130,363 dwt and built 1974, sold within Norway at about US$l2.6 million. The Bertina: 65,979 dwi and built 1982, sold on subjects to Singapore buyers in the region of US$23 million. Tankers Phillips Oklahoma
      Reuter; AFP  -  562 words
    • Article
      CRUISE & FERRY SCHEDULES
      311 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Rep Name of Vessel ETA El 1) Ports of Calls Port Agent JUNE 25 25 Andaman Princess 0900 1400 Sin-Kuantan-Sin Lines Int Holding 25 26 Orient Sun 1500 1800 Sin-Jakarta-Sin Sembawang Johnson 27 27 Andaman Princess 1100 1600 Cruise-To-Nowhere Lines Int Eiolding 28 28
      311 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        728 43 Vessel Voy No Berth Arrival Departure Vessel Voy No Berth Arrival Departue Keppel Wharves Jurong Port Kota Pusaka [903 K31 alongside ,'606 1800 Andhika Wi|aya 111 alongside 25 06 0600 Kota Wang! 897 K32 alongside 27 06 0600 Fairlitt 58 15 24 06 0800 25 06 1800
        728 words
      • Article
        CONTAINER SCHEDULE
        1621 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Ship Voy No f Etb/Btr f lecord 'eriod Booking Balance From To Rslts From Au Lily 12A 27/0100 2 4 24 1700 25/1200 25 0659 25 1459 25 0900 25/1700 Al Mirjab 56 26/0700 1 2 3 24'1500 24/1700 25
        1,621 words
      • Article
        IN MALAYSIAN PORTS
        221 43 iohore Port Berth 1: ml; 2: Ava. 3: Dong Ming: 4 Mirna: 5 Mahahm; 6: Wan Hai 203. Oi jetty: Tome* 567. Oriental Leo. DCJ: Barge Halim Nina. Due on June 24: Asikin. Barge Josmdo Satu. Gaya Tiga. Due on June 25: NCC Yamamah. Bilyuysk. Subur. Bum
        221 words
    • Article
      Lock icon Raytheon wins Norway's air traffic control deal
      253 44 Bernama LEXINGTON, Massachusetts Norway's civil aviation administration has awarded a U5523.5 million contract to Raytheon Company of the United States for a modernised air traffic control centre in Oslo. Raytheon last year formed a dedicated design, marketing, and manufacturing group to address the
      Bernama  -  253 words
    • Article
      Lock icon US to investigate minivan dumping
      244 44 UPI WASHING TON The Commerce Department has announced that the government will press forward with an investigation into charges by the nation's big three automakers that Japanese manufacturers have been dumping minivans on the US market. "We are initiating an antidumping investigation," said Cydnev Louth,
      UPI  -  244 words
    • Article, Illustration
      Lock icon Japanese car makers anticipate slow demand in South Africa
      339 44 NYT TOKYO Japan's three largest car makers said they will scrap self-imposed restraints on exports to South Africa after the Japanese government lifts sanctions, but they don't expect sales to increase rapidly, because of the country's economic problems. Since 1988 Japanese
      NYT  -  339 words
    • Article
      Lock icon TWA extends offer to buy back debt
      414 44 AP NEW YORK Trans World Airlines says it will extend by two weeks its offer to buy back US$l.2 billion in bonds, after making progress in negotiations with some bondholders. But TWA faced new opposition from another bondholder in Chicago who filed a
      AP  -  414 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      6 27 I he bin Chinese contract, 2
      6 words
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      Page 27 Advertisements Column 2
      274 27 BSWIf HENG METAL CO PIE LTD H ruA.i Avt 14. SIMOAPOWE 23M TELEX HS 200/8 SHMCPL TEL: Ml 5A53 (SknMj TEHWULWIWM f\Mi*nfd UHI ACOttri* I ita. i:mjj V lit I ill IlllFl kxwv»)o tonn«« /flail I uiiilliH mm* UlXffUmßmlli'l •oMALfM H3E2M T<*<*m MTWIAfOM. MALAYSIA Com-rtOf lIIAILAMO, WW •OtaMtaiPO rmurraw* Cantata*
      274 words
    • Advertisement
      Page 27 Advertisements Column 3
      52 27 Air F ofwariere 15 Air Freight Schedule 16 Container Schedule 17 Courier Services 15 Cruise Ferry Schedules 16 Daily Freights 2 Index to Advertisers 3 Port Conditions 16 Shipping Agents 15 Shipping Guide 10.11 Shipsales'Tanker Rates 16 Ships in Port 17 Singapore Tides 17 Transport Diary 2 Weather and Sea
      52 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      65 28 APPOINTMENT The appointment is with an established Singapore office. The ideal candidate will have a Master's Certificate and will have had previous experience in all aspects of day-to-day ship operations in dry cargo sector. Considerable emphasis will be placed on communication skillsandcommercial awareness. Brief but comprehensive details in strict confidences
      65 words
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      Page 28 Advertisements Column 2
      14 28 Read CHARTPOINT, a guide to investing in the stock market. Every Saturday in BT.
      14 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      2563 29 %>■ IfA -DO Cantonment Rtud #12 05 Southpuint. SingapotK 0208 221*111 utfx no rs 241/9 HflffliM lERMiNAL/CFS lei 12U0218 220 r COCmI '1 BOOKINGS reM*****4 258 L Vwy A PfSAKA iaroine shipping agencies son HORT TEL *****18 TELEX NO MAI94/7/MA39/01 PfNANG TEL *****4 TELEX NO MA4OO/3 CFS TEL *****6 Pet
      2,563 words
    • Advertisement
      Page 29 Advertisements Column 2
      887 29 MDEX T^VERTTSERS I'aite Col Col i a n i M ~i ABC" Containerline 12 I Mac-Nels Agencies 14 1/2 Accord Ciroup 8 1-3 Mac-Pac Freight 9 4/5 Aeropak Express 9 5 Macoline 18 3 APL 5 3-5 «MaerskLine 3 4/5 APC Line 13 5 #M!SC 14 1-3 ASCL 5 1
      887 words
    • Advertisement
      Page 29 Advertisements Column 3
      2119 29 ■Bimm TWO SAILINGS PER WEEK TO NORTH ASIA SINGAPORE/HONG KONG 4 DAYS ETD WEEKLY TUESDAY AND WEDNESDAY SINGAPORE/KOSE 7 DAYS Vessel Voy ETA I ETD Port Penang DESTINATIONS Singapore Kelang 1 This ww* Magteoy Maersfc 9106 Feeder by 2/7 oaoo has Pinio HHi HHH CFS 1/7 2359 MRS OAK LGB
      2,119 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1283 30 P-jL !lsl Al b M I |ROTTEDAM/j VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE KATSURAGI 06 125 26/6 1377 16'7 15/7 THAMES 06 325 30/6 17/7 19/7 22/7 23/7 LA SEINE 19,126 4,7 25/7 23/7 22/7 1 ALL WESTBOUND P BREMEN EXPRESS 03/326 7/7 24/7 26 7 29
      1,283 words
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      Page 30 Advertisements Column 2
      754 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I 2304E 3/7 15/7 17/7 23/7 ALSO ACCEPTING CARGO VIA SUVA TO lAUTOKA. PAGO PAGO APIA NUKUALOAFA DIRECT CHILE SERVICE SIN tQQ ANF VAP CLX (PERU) SEASPAC I 2304E 3/7 5/8 6/8 11/8 12/8 Agents ..111. SIM.UHHt JJIHIIII ,),iidim' Shipping uimkio.
      754 words
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      Page 30 Advertisements Column 3
      1731 30 mamm REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE Kl/WO* SIN M.G BCL HAM BRE ROT ANT FEL LHA (VIA (VIA (VIA M.G) HAM) ROT) NORASIA SUSAN 9116-3 29/06 18/07 19/07 22/07 23/07 24/07 25/07 26/07 28/07 NORASIA SHARIAH 9117-3 05/07 28/07 30/07 31/07 01/08 02/08 03/08 04/08 05/08 NORASIA
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  • Page 31 Advertisements
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      Page 31 Advertisements Column 1
      2076 31 zsijjjjSteamers Maritime Holdings Ltd W PffrO mvSTRAITS SHIPPING ■HMk c "J Slmmn M Bn»H tat Malaysia, Containers iuv ,w ,m Hoy Ho Pan/ Phi S'port Kl| Sou Ant Rot Hb| IKA MAIRSX 9108 22 06 ?4 06 26 06 11/07 14/0/ 15/07 17/0; ACCEPTS DUI SAKS KOIWOOM BAY 0534 22
      2,076 words
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      Page 31 Advertisements Column 2
      2504 31 TO: U.S.A./PANAMA FM: U.S.A./PANAMA wssti *oy sr oak ice cm roe no* kyc mxi/vov nyc no* s«v c*i ice oak y ds* sinaio* ffi?s n« ?4 i mi a 10,» 111 u/« wa row simto* n« in i/j 10/5 i*/j w/s »/s 27/s n/t CHOYANG GlO*V fFIH «/7 31/7 */A
      2,504 words
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      Page 31 Advertisements Column 3
      374 31 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR YOKOHAMA/ N AGO Y A /OSAKA /SENBOKU COSMIC LEADER V 2 J ETA SPORE 7/7/91 ETA PK 10/7/91 NOTE ALSO CALLING OTHER JAPANESE PORTS. HONGKONG TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVfCE DIRECT MONTHLY SAILINGS KK SPORE PK PI DBN CT [j
      374 words
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  • Page 32 Advertisements
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      Page 32 Advertisements Column 1
      613 32 teffilHi CR NBR **********0-D I EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE KSI VOT !7PO« ROAM «O*M HBURG BSfMIN ANTWRP MAT ARUM :9<W 22/6 22/7 27/7 31/7 3/1 SItINIMVA 32M8 14/1 3/9 9/9 12/9 14/9 ftUIN 23*8 25 8 26/9 1/10 6/10 10/10 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Su£)|ect to
      613 words
    • Advertisement
      Page 32 Advertisements Column 2
      1004 32 J4. HANJIN SHIPPING S pore LEH RTM ANR HAM BRV FEI I FEEDER VSL SIN LINE HAUL LGB OAK HAN JIN OAK L ANO 013 M 30 6187 19 7 20/7 20/7 22 7 23/7JHANJW SINGAPORE 002E 1/7 DIRECT 22/7 25/7 HANIIN HAMBURG 006W 7 7 25 7 26/7 27
      1,004 words
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      Page 32 Advertisements Column 3
      1374 32 IP* l SGP HIG KSG KIG PUS l*T OS* NGT SMZ I*o LAI CMS BAL NTC LHV ANW RDM TW HJG PSD OB PW. S6P I E GRAK) Rt 036 In Pt 26 6 1/7 2/7 4/7 7/7 5/7 11/7 12/7 13/7 14/7 25 7 6 1 8 8 10,1
      1,374 words
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  • Page 33 Advertisements
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      Page 33 Advertisements Column 1
      2098 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) jr BOOKINGS: NEPTUNE LINK TEL: *****00 USA SERVICE-2/***** TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 mm jv AUST/INDIA/PAK SERVICE *****18 CFS: K27 EXPORT: *****53/*****04 FAR EAST SERVICE *****48 CFS: K27 IMPORT: *****69/*****50 NEPUNE SDN BHD MALAYSIA K.L.-(03) *****33,
      2,098 words
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      Page 33 Advertisements Column 2
      1161 33 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) FULL CONTAINKRSHIP SERVICES TASTBOUNP DISCHARGING WESTBOUND LOADING TRANSHPPfI) VIA ROTTERDAM IdSViS WO* IsS |mi« HKC ~VOY Isln |p*i
      1,161 words
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  • Page 34 Advertisements
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      Page 34 Advertisements Column 1
      1918 34 KIT f f AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W W WT\ TEL *****77 TELEX: KAWAKI R*****5 FAX: *****79 I U MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD I JKL mLm m *JL X MmJ TEL PJ *****22 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN
      1,918 words
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      Page 34 Advertisements Column 2
      1315 34 p m PHM OMNT UN€S PTC LTD 108 ROBINSON ROAD #0/ 00 GMG BUILDING SINGAPORE 0106 TEL *****22/2238/69 *****00 TELEX RS 28/20 PHILI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGI IT FORWARDERS ASSOCIATION VANCOUVER. S WESTERN ONTARIO 28 JUN
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  • Page 35 Advertisements
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      Page 35 Advertisements Column 1
      1616 35 PACIFIC INTERNATIONAL LINES (PTE) LTD K mlmt/M PIL Building, 140 Cecil Street »03-00. Singapore 0106. [BANGKOK" SS" MI V £7. 28/6 5 2?7 VESSEL VOY S,N BKK S,N KOTA BINTANG 9119 28/6 29/6 3/7 UOWA 9108 M 6 28/6 PEGASUS PROGRESS 673N 28/6 1/7 5/7 EQUATOR MAS 09N 30/6 2/7
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      Page 35 Advertisements Column 2
      1068 35 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint lil Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Bunga Perma.' 208 27/6 12/7 13/7 15/7 16/7 Toyama 206 27/6 1977
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      Page 35 Advertisements Column 3
      439 35 Mgfe MYANMA pBBk FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) Spore P.KIj Pen P.Gdg AVA VIO9W In Pt Sid MYOMAYWA VI36W 27 lun PINYA VUSW 27 Jun PAGAN VI72W 6/8 Jul MAGWAY ¥23* 9/11 Jul 12/14 lul \S& THE BANK UNI (A service ol Andrew Weir Shipping)
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      Page 38 Advertisements Column 1
      780 38 TO AUSTRALIA/NEW ZEALAND [~MI [Sm iFrtfli iMeib [sjd Uuck |NPf If CHAIM ANtVKRPfN 273 1/7 1/1 12/1 15/ 23, 7 2*/1 26 1 OUORIS 274 20/7 26/1 T» sil li t l«/» MAR IHA II 275 I 12 1 16 S 19 8 25 II 27/8 281 luiifliDKriTe ITT 2*»
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      Page 38 Advertisements Column 2
      796 38 EXPORTS TO HONGKONG, TAIWAN JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE [OOTBOUNO VOY PKL PNG 7M SIN HKG KAO KEE TVO SM/ NGO KOB VOY SIN PKL PNG BLW SIN ACX DAISY ii 29 6 **24 6 28 6 5 7 9 7 10 7 11 7 ICEBIRO 11A 26
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      Page 38 Advertisements Column 3
      198 38 ~p J PERUSAHAAN~ PELAYARAnJ i W KALIMANTAN DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK vessel ETAETO DESTINATION I NMGA 42 Voy 10 91 2«/27 Irtjrti Pil«n*in| I WAG* XXI Voy 14 91 29/30 A*i l*»ta P»l«n«unj I I NIAGA XXI Voy 15 91 3 4U UmrtJ Pjl«nb»n| I NMGA 42 Voy
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      Page 38 Advertisements Column 4
      1424 38 /St WWW m m W~£~*\ CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE 2 MISTRI ROAD. HMC BUR DING m r T^. #15 00. SINGAPORE 0207 £f* COSH* CR NO U*****0000M 2251W6 CABLE: COSTARLINE General Agents: 006 TAR SHIPPING PTE LTD TO HONQKONG AND CHINA PROM HONG KONQ AND CHUM
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      Page 39 Advertisements Column 1
      1107 39 UKC CONVENTIONAL SERVICE V«*»el MU PNG PG LoJdm( tor A VESSEL 28/ 06 Rotterdam. Antwerp CHINA FUU. CONTAINER SERVICE *•«•< SGP PKL BKK HKG QIN SHA VANGFANGKOU 153 05/7 03/7 09 7 15/7 18/7 VANGEANGKOU 155 05/8 03/8 09/8 15/8 18 8 Um kccvtnt cjo Iw at cKntw ports m
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      Page 39 Advertisements Column 2
      454 39 (fdll RICHFIELD MARINE AGENCIES (S) PTE LTD St TEL: *****33 (12 Lines) fT) FAX: *****15/*****03 ftj TELEX: RS ***** RISHIP (3 Lines) J ,O ETHIOPIAN SHIPPING LINES |r (National I ines of Ethiopia) ACCEPTING CONVENTFONAL VESSEL |VOY ETA I LOADING FOR SPORF ANOINCT J4WB 02 08 MOMBASA DJIBOUTI ASSAO. MASSAWA
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      Page 39 Advertisements Column 3
      951 39 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD j SYDNEY/MELBOURNE BANGKOK STOW post KftANG PENANG jyfSSEL f»OY $TOK STO Ma [wML |w* SNtfOH BANGKOK BLUE MM 5 r— to«kn( tot Mil* PtANETA JO5O 58/7 1120/7 22-24/7 HAWT* BHUM 4&W In PI 25/8 fri 21/6 IRUVAI MUOHU 1 PIT A BHUM
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      Page 39 Advertisements Column 4
      96 39 I /jf\ OEC CONTAINER FREIGHT Vf/SYSTEM (S) PTE. LTD. 1 G»«( Nr f Xf'MtSS CONTAINER CO LTD) FIXED WEEKLY CONSOL TO ALL POINTS IN USA, SOUTH AMERICA AND CARRIBEAN PORTS FMC BONO NO *****2 SINGAPORE ETO LA/LB SFO SEA NYC BOS TO 27/06 17/07 19/07 20/07 22/07 22/07 4/07 24/07
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      Page 39 Advertisements Column 5
      346 39 Tieen-Line VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SIN MM SIN KURU.SK 162 A 24 24/06 01-03/07 09 09/07 TIGER STAR 164N 01 01/07 07-09/07 15-15/07 TIGER BAY 165N 05-05/07 11-13/07 19-19/07 VSL VOY SINGAPORE/CALCUTTA/SMGAPORE VESSEL VOY SIN CAI SIN TIGER RIVER 132CN8 25-26/06 01-03/07 09-10/07 EAGLE CAPE 012 24-25/06
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      Page 40 Advertisements Column 1
      1140 40 I KH£!EII PtNANG: (04) *****6 J BAHRU: (07) *****2 KK: (088) *****0 MEDAN: (061) *****2 1 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 1 umcmmm ports jiro j p N pK PEN PK SIN I 5 /7 Colombo 28/6 29/6 30/6 I 125 G 26,6 vk
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      Page 40 Advertisements Column 2
      380 40 tffTfc BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI VOLLYTXJNTAfNERISED IMONTHLY SAILINOS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING KCL I.CI. FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CIIKISTCHURCIL DUNEDIN, LYTTELTON, INVEKCAKGIL, FIJI AND TAHITI SIN N Pl* AUCK l»T MAHSURI 0598 2/ tun 7 Jul Via NPI 9 lul
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      Page 40 Advertisements Column 3
      1159 40 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15 00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER. RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO SABAH VESSEL |VQY |[T> [PEST VESSEL VQY ETA PEST KIM SOON LI
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      Page 42 Advertisements Column 1
      83 42 FOR BITS AND BVT Geared lo keep the busy business executive abreast of new technologies lie can exploit to lull advantage, INNOVATION TECHNOLOGY page provides news, reviews and features in the areas of information technology, biotechnology, electronics and just about everything high-tech. Although its primary focus is on local news,
      83 words
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      Page 42 Advertisements Column 2
      109 42 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, 7 profiles of leading managers in Singapore and J relevant fxx)k reviews. L ENTERPRISE MANAGEMENT, in Business Times every Monday, is must f )l CXO^ 5 reading lor managers who want the
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      362 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 0800 0900 1000 1100 1200 1300 1400 1500 1600 1700 1800 1900 2000 2100 2200 2300 1R 2.1 1.7 12 0.9 0.7 06 06 09 13 1 7 20 19 1 7 16
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      Page 44 Advertisements Column 1
      847 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUNP FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST FEEDER VOY IHR PKE SIN LINE HAUI VOY LBH OAK SEA Hl* WW. VOV TCM/SEA PTI NAN HAI 203 015 23/06 24/06 26/06 lAUNWA 41E 22/07 25/07 28/07 TOWER BRIDGE 69E
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      Page 44 Advertisements Column 2
      233 44 PILBARA EXPRESS LINE DIRECT SAILING SING DAMPIER SING DAMPIER M.V. ARKTIS SIRIUS 28/6/91 4/7/91 Modem, Geared, B/Bulk and Container Sen ice For Bookings, contact: Mead Office: ASIA WORLD SHIPPING SYDNEY Phone: •2-90«-«372 PERTH SINGAPORE DAMPIER MELBOURNE (09)4X 6499 MAJUNAIR SERVICES (091) S3 1103 (03)326 1333 PTE LTD (65) 773 3145/273
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      Page 44 Advertisements Column 3
      632 44 CHARTPOINT Every Saturday in Business Times ft* Of' hon Dot Ml Mol** TJoJ SM I LAI I OAK IHOU I DAI |CM NO* I M(M INTC OUR USA SERVICE CALLS IWAMW tWW 20 6 ALLIGATOR VICTORY V 212(3 26 27 7 It! 17 717 7 17 7 J 7 11
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