The Business Times, 3 July 1991

Microfilm: NL17605
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Wednesday, July 3, 1991 75*
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  • NEWS SUMMARY
    • Article
      Soviet foreign debt may reach 44b roubles
      61 1 MOSCOW Soviet Prime Minister Valentin Pavlov said the country's foreign debt could reach 44 billion roubles bv the end of the year, up from the 39 billion roubles forecast earlier. He said the hard currency budget deticit was ballooning, making the country dependent
      61 words
    • Article
      NSW to cut 12,500 public service jobs
      39 1 SYDNEY New South Wales' recently returned conservative government is to cut 12,500 public service jobs as part of massive spending cuts in the face of the worst Budget outlook in 60 years.
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    • Article
      Tender gets limp bids
      47 1 THE latest tender for five perfume and cosmetic shops at Changi Airport's Terminal 2 has attracted bids that are between 27 per cent and 58 per cent lower than current rents, a sign that slower passenger traffic has dampened retailers' optimism Page 2
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    • Article
      M'sian-Argentine pact
      33 1 MALAYSIAN Prime Minister Datuk Seri Dr Mahathir Mohamad has signed a preferential trade agreement with Argentina and says commerce between Latin America and Asia will increase in the future Page 7
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    • Article
      Turnaround in US
      35 1 I HE US manufacturing sectoi expanded last month for the first time in a year, leading American corporate purchasing managers to declare that the recession begun last July has ended Page 9
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    • Article
      E Europe to blame
      32 1 RECESSION in the Soviet Union and Eastern Europe is the biggest factor in the stagnation in the world's economy this year, according to a UN report Page 9
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    • Article
      Why Estanislao smiles
      20 1 PHILIPPINE Finance Secretary Jesus Estanislao seems to have a lot to smile about these days Page II
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    • Article
      A decade of Diana
      34 1 TEN YEARS after the royal love match Prince Charles married Lady Diana Spencer in July 1981 the Princess of Wales has won a title for herself: Princess Perfect. Page 15
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    • Article
      Shipbroker expanding
      24 1 LONDON-BASED shipbroking firm Simpson Spence and Young is expanding its international network of offices to include Singapore. Shipping l imes Page 1
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  • MARKETS SUMMARY
    • Article
      Dow higher
      34 1 WALL STREET stocks opened slightly higher yesterday as the market built on the strength of the previous session. The Dow Jones average rose 5.59 to 2.964.00 in the first hour of trading
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    • Article, Illustration
      STOCK INDICES
      33 1 luesday Change BT-MGA 720.66 3.47 Kuala Lumpur 613 50 -2.19 Tokyo 23.995 76 -113.00 Hongkong 3.772.91 +34.06 Sydney 1.543.2 +21.2 Monday C hange New York 2,958 41 +51.66 London 2.443.6 +28.8
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    • Article
      CURRENCIES
      25 1 Exchange rates US$ s$ 1 76-W 100 Yen S$ 1 2768 MS SS 0 6335 Money market rates Overnight 5-1/2% unch 3-month 6-1/4 +■1/16
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    • Article
      COMMODITIES
      41 1 London Gold AM fix US$366.65 L SS2.00 Rubber S'pore Aug 145.50*/kg unch M'sia Aug 231 OOVkg 0 50 KL Tin Turnover 15 tonnes -47 Spot MS 15.47/kg t 0.07 Crude palm oil Turnover 603 lots -124 July MS805 /tonne 5
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    • Article
      Footsie higher
      28 1 LONDON share prices were higher at midday yesterday. At about 1115 GMT, the FTSE 100-Share Index was up 9.1 points, or 0.3 per cent, at 2,452.7.
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    • Article
      More consolidation
      35 1 THE Malaysian stock market may consolidate further in the third quarter of this year before bouncing back at the end of the fourth quarter, influenced by fresh external and domestic elements Page 3
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    • Article
      Double listing planned
      45 1 MERLESTONE Investments Ltd, which proposes to acquire all of the issued and paid-up capital of Tanjong Tin Dredging pic it does not already own, intends to retain the listing status of the latter on the Kuala Lumpur and London bourses Page 3
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    • Article
      Race for exec cover
      42 1 MULTINATIONAL insurance companies in Singapore are speeding up efforts to tap the growing market in insurance protection for company directors and senior officers against legal action that might be taken against them by shareholders and others Page 6
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  • Article
    Thai stock exchange dives after banks raise interest rates
    322 1 THAILAND'S volatile stock exchange nosedived yesterday after major banks an- j nounced increases in their interest rates. The Securities Exchange of Thailand (SET) Index plunged 25.6 points or 3.3 per cent to close at 739.54. The Thai market was closed on
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  • Article, Illustration
    Hong Leong Corp applies for listing on SES
    703 1  -  Company expanding aggressively in past one-and-a-half years By Quak Hiang Whai HONG LEONG Corporation (HL. Corp), the trading, manufacturing and information technology arm of the Hong Leong group, has applied for a listing on the Stock Exchange of Singapore. Sources say the
    703 words
  • Article
    Decision expected tomorrow on workmen's compensation dispute
    358 1  -  By Chew Eng Han IHE COMMISSIONER for l abour is expected to decide tomorrow on a workmen's compensation dispute which has wide implications for the insurance industry. N7I Insurance is disclaiming liability under a workmen's compensation policy issued to its client. Centtal Sikh
    358 words
  • Article
    Lock icon Jakarta cautions Beijing against unfair trading
    349 1 AFP JAKARTA Indonesia wel- < comes better and expanding trade and economic ties with < China but does not want to lose its domestic market to unfair trade practices. Trade Minister Arifin Siregar said here yesterday. Bilateral trade, which had grown more than four
    AFP  -  349 words
  • Article
    STPB lowers forecast for visitor arrivals
    507 1  -  By Sangeeta Mulchand WHILE RECOVERY is clearly underway for Singapore's tourism industry, the Singapore Tourist Promotion Board has revised downwards its projected rate ot growth in visitor arrivals to 2 to 4 per cent. As recently as early last month, the board said it
    507 words
  • Article
    Lock icon M'sia-Aussie pact to boost economic ties
    108 1 AFP KUALA LUMPUR The Federation of Malaysian Manufacturers (FMM) and the Australian Chamber of Manufacturers (ACM) yesterday signed a Memorandum of Understanding on business cooperation to promote better understanding and closer economic links. The chairman of the FMM international affairs committee. Mustafa Mansur, said
    AFP  -  108 words
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      Page 1 Advertisements Column 1
      231 1 I EXECUTIVE I PLACEMENTS g *****62 Aircraft Schedule 25 Money Changer Rates 25 Weather 25 Commodities 24 Money Market 23 World News 8.9 Cryptic Crossword 25 Regional Co News 4 Editorial 10 Regional News 7 For market indices, editorial. Financial News 6 Regional Stock Markets 21 advertising ai d circulation
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      Page 1 Advertisements Column 2
      137 1 n\!ujMy Of SjuetUbM ■henwin SINCE 1888 v 1 xj Made in WEST GERMANY Sole Agent: H. W. Shelley Co. (Pte) Ltd Welcome home sir! I HI Penthouse Floors As (I H(wr )0U ll CI1!0\ llic lilf Corojihw* nUry breakfast and the morning paper welcome uasket of fruits, bedside !l)D phone,
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Australian govt gives fellowship grant
        84 2 THE Australian government has provided a grant of $47,000 for a research fellowship in Australian-South-east Asian relations at the Institute of South-east Asian Studies. The fellowship for 1992 will be awarded to an Australian national or permanent resident with a doctorate or equivalent professional qualifications
        84 words
      • Article
        Best of both worlds
        97 2 THE Singapore Polytechnic's dual training scheme will provide students with the best of both worlds in learning opportunities and on-the-job applications, said its principal KJioo Kay Chai yesterday. He was speaking at the orientation of the first batch of students under the scheme. Started with the
        97 words
      • Article
        NTU to launch MBA programme
        98 2 THE newly-established Nanyang Technological University (NTU) will launch its MBA programme series on July 6. First on the list is the MBA (Accountancy) programme, emphasising the development of analytical and problem skills and greater awareness of the local and global environment through management and business
        98 words
      • Article
        JCs in management game
        67 2 THE NTU's School of Accountancy and Business has also organised a bank management game for junior colleges, as part of its inauguration programme. With 10 junior colleges participating, the finals of the game were held yesterday. Serangoon Junior College emerged victorious with the highest stock price,
        67 words
      • Article
        Master printers meet
        74 2 THE Master Printers' Association held its 53rd annual general meeting last Friday, the first meeting held under its amended constitution which was revised last April and approved by the Registrar of Trade Unions in May this year. Under the one-class-membership amendment, printers as well as allied trades'
        74 words
    • Article
      Sharp fall in bids for perfume/cosmetics outlets at Terminal 2
      558 2  -  By Sylvia Wong THE latest tender for five perfume and cosmetic shops at Changi Airport's Terminal 2 has attracted bids that are between 27 per cent and 58 per cent lower than current rents, a sign that the slower passenger
      558 words
    • Article, Illustration
      Office glut casts gloom over property market
      441 2  -  By Salil Tripathi DEVELOPERS and property consultants are again looking eastward to Hongkong, hoping that uncertainty over the future of the Colony will compel some businesses to relocate to Singapore, amid growing concern here over an impending oversupplv. They are looking at China,
      441 words
    • Article
      HPL membership drive takes off
      167 2  -  By Hong Lee Tiam IF HPL Services, the four-month-old consumer-service subsidiary of Hotel Properties Limited (S). signs up its targetted 5,000 members for its new HPL Card, it would have netted half a million dollars from the launch of the card without having sold anything
      167 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      185 2 v: ■> MM f'l Is credH risk weighing you down in a sea of competition? Being competitive in the marine industry often means having to extend better credit terms. But this could lead to your working capital being tied up in credit lines, with no assurance that your clients will
      185 words
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      Page 2 Advertisements Column 2
      96 2 Special Dinner Promotion A La Carte also available The 24 hours Coffee House Western and Local Set Dinner Special Set Dinner $45.00'♦ Per Person |gi "Tu* I Sichuan Set Dinner 8 $30.00* Per Person Combination Steamboat 6 J12.00* Per Person I (min 2 persons) (Vin. 2 pt-rsons). Riverside Hawker's Seafood
      96 words
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      Lock icon Consolidation expected on KLSE in third quarter
      1214 3 MBT KUALA LUMPUR The Malaysian stock market may consolidate further in the third quarter of this year before bouncing back at the end of the fourth quarter, influenced mainly by fresh external and domestic elements. Analysts yesterday said the Kuala Lumpur Stock Exchange's
      MBT  -  1,214 words
    • Article
      L&M printing unit to tie up with Malaysian company
      254 3  -  By Elaine Koh SPECIALIST contractor L&VI is restructuring its printing division, which will •»te it teaming up with a Maluvsian company for synergy. The deal will see Khai VVah Litho, L&M's printing subsidiary, tying up with Ferco Printing Packaging Sdn lil.d.
      254 words
    • Article
      St Michael to set up shop in Holland Village
      327 3  -  By Sylvia Wong RIDING on the success of its satellite stores, St Michael will open its sixth outlet at Holland Village later this month. It will also enlarge tin area of its existing outlet at the Scotts Shopping Centre ,n September.
      327 words
    • Article
      Lock icon Sapura sees gains from telecoms industry
      207 3 Bernama KUALA LUMPUR Sapura Telecommunications Bhd is poised to benefit from the growth and prospects expected from the telecommunications industry, said executive chairman lan Sri Shamsuddin Abdul Kadir. He added in the company's 1991 annual report that opportunities would come from the national emphasis
      Bernama  -  207 words
    • Article
      Merlestone plans to retain listing status of Tanjong Tin
      240 3 KUALA LUMPUR Hongkong-based Meilestone Investments Ltd. which proposes to acquire all of the issued and paid-up capital ol Tanjong Tin Dredging pic it does not already own. intends to retain the listing status of the latter on the Kuala Lumpur Stock
      240 words
    • Article
      Lock icon Aokam Tin proposes rights issue
      294 3 MBT KUALA lUMPUR Aokam Tin has proposed a rights issue of loan stocks with transferable subscription rights (TSRs) to finance its downstream expansion into wood-based manufacturing activities. If approved by the authorities, this will be the third TSR to be listed on the Kuala Lumpur
      MBT  -  294 words
    • COMPANY BRIEFS
      • Article
        Accord extends deadline of Acma's EGM
        110 3 GOLD COIN l td announced yesterday that its substantial shareholders C'ommissura AG. Interpacific Holding Corp, Kudu Trust Reg and Okapi I rust Reg have entered into a supplemental agreement with \cma Ltd on June 29, 1991. Under the agreement, the date by which Acma
        110 words
      • Article
        Prima in machinery venture
        62 3 PRIMA Ltd has formed Prima Modern Machinery Pte Ltd. a company dealing in all kinds of food processing machinery and related equipment, in a joint venture with Modern Bakery Machinery Pte Ltd. Prima has a 60 per cent stake in the new company, incorporated with an
        62 words
      • Article
        Contract notes acceptable
        74 3 KUALA LUMPUR Technology Resources Industries Bhd has given the KLSE an undertaking that it will accept contract notes as evidence of beneficial ownership of offer shares of Malavsian Helicopter Services Bhd which it has offered to acquire. The KLSE said yesterday that acceptances, accompanied by these contract
        74 words
      • Article
        Worldwide in talks to buy land
        60 3 KUALA LUMPUR Worldwide Holdings Bhd said it is in the final stages of negotiations to acquire a piece of land along Jalan Bukit Bintang here i'or a proposed office development. Replying to a query from the KLSE. WHB said that an announcement woulJ be
        60 words
      • Article
        Acceptances for BCB's offer
        102 3 KUALA LUMPUR Bank of Commerce Bhd (BCB), which is making a mandatory general offer for the remaining 98.155.552 shares in United Asian Bank Bhd which it does not already own. has received acceptances for 72,661,967 shares, representing 74.03 per cent of the shares on offer. Commerce
        102 words
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      Page 3 Advertisements Column 1
      348 3 r Wi 11 you ca 11 m e iro m your hotel, darling? A W ANA HOTEL SINGAPORE l I :i i I. r, t i x i, \iisi\ i Our Recipe For Success Makes Perfect Scents. fcs^rT^SSfflHß j~zx&,£&jw&Q fc®fg|*^'*?g ■P f/j' .';*s. ,«j£ < r^^dggggjs Y^T^AaljK^ first, lake a
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  • REGIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Nippon Steel wins Indon pipeline contract
        90 4 TOKYO Nippon Steel Corp has been granted a US$3OO million (Sss3o million) contract to build a natural gas pipeline in Indonesia for PT Trans Ja\agas Pipeline, according to the Japanese company. The order was finalised on June 27. The pipeline is to connect a
        90 words
      • Article
        Tate and Lyle increases stake
        84 4 BRISBANE British sweetener late and Lyle has increased its new majority shareholding in Bundabeig Sugar to 70.4 per cent, a spokesman said on Monday. Last Friday, Tate and Lyle said it had acquired 67 per cent of Bundaberg and declared its A 5325 million (SS44O
        84 words
      • Article
        Profit for Mobil Oil Australia
        94 4 SYDNEY Vlobil Corp's Australian unit Mobil Oil Australia Ltd said net profit was AsB6 million (SSII6 million> in calendar 1990 after a loss of $14 million in Mobil chairman and managing director Richard Leonaid said the result was encouraging, but it still represented a relatively
        94 words
      • Article
        Goodyear raising Thai output
        66 4 BANGKOK Goodyear (Thailand) Ltd, a 60 per ccnt unit of the Goodyear Tire &Rubber Co. will raise its daily tyre production capacity to 95 tonnes from a current 55 tonnes. Goodyear (Thailand) said in a report filed with the Stock Exchange of Thailand that it has
        66 words
      • Article
        Santos sees strike hitting profit
        40 4 ADELAIDE Australia's largest onshore oil producer Santos Ltd said the 24-day strike in the South Australian Cooper Basin will reduce its after-tax profit for the halfyear to June 30 by about Ass million (556.78 million).
        40 words
    • Article
      Lock icon GFW clears way for disposal of shares
      214 4 Reuter SYDNEY Goodman Fielder Wattie Ltd has cleared the way for the sale or cancellation of the 100 million shares or 9.2 per cent stake in the food group held by 49 per cent associate Bar- cora Pty Ltd. [Z Company secretary lan
      Reuter  -  214 words
    • Article
      Indon firm Kalbe Far ma issue open to foreigners
      477 4  -  From Maggie Ford in JAKARTA FOREIGN investors this week will be offered an opportunity to buy shares in Indonesia's largest pharmaceutical group, which is planning to raise US$4O million (5570.6 million) through a listing on the Jakarta Stock Exchange. PT Kalbe
      477 words
    • Article
      Lock icon Ayala Land making debut in shaky market
      325 4 Reuter MANILA Investors looking for a quick killing when Ayala Land Inc (ALI) becomes Manila's biggest single listing on Friday could be in for a disappointment, with the market still wobbly after Mount Pinatubo's eruption. ALl's 2.5 billion peso public offer, the largest
      Reuter  -  325 words
    • Article
      Three parties keen on Thai l1m-line deal
      435 4 BANGKOK Two Thai groups and a Japanese firm have expressed strong interest in bidding for the concession to install one million phone lines in the provinces for the Telephone Organisation of Thailand, the Thai paper The Nation reported on Monday. The local groups
      435 words
    • Article
      Lock icon Four arrested in Tokyo over alleged S$46.7m fraud
      272 4 Reuter TOKYO The Tokyo District Prosecutor's Office has arrested four businessmen, including a former official of major trading company Marubeni Corp, in connection with the alleged fraud of about 3.65 billion yen (5546.7 million) from two smaller trading companies. A spokesman at
      Reuter  -  272 words
    • Article
      Lock icon RTZ pressured by PNG to develop gold deposit
      245 4 Reuter SYDNEY The Papua New Guinea government has put pressure on RTZ Corp pic to develop the rich Lihir gold deposit in Papua New Guinea by extending the prospecting licence for nine months instead of the usual two-year term. The prospecting authority,
      Reuter  -  245 words
    • Article, Illustration
      Lock icon BHP plans to expand in Indonesia
      362 4 Reuter MELBOURNE The Broken Hill Pty Co l td is considering building a coal port facility in Indonesia and opening another coal mine there. BHP Minerals chief executive Jerry Ellis said the company planned to spend about US$5O million (SsBB million) over two years,
      Reuter  -  362 words
    • Article
      BHP joint venture buys S'pore weldmesh maker
      253 4  -  By Lee Han Shih SINGAPORE A joint venture involving Australia's biggest company Broken Hill Pty Co Ltd (BHP) has bought a leading building material maker in Singapore for what is estimated to be at least As2o million (Ss27 million). The sale of BRC
      253 words
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      Page 4 Advertisements Column 1
      151 4 > w^Bm. |B il m ;XV~>^fl£rSVr4 E^B, t UF Jkl|A < flB f/r jTjw Br iJ WHERE CRAB LOVERS GET SIDE-TRACKED... (July 1 Aug 31) TRACER VIC'S Nothing quite compaies to the S fu-"i si crustaceous charm of crab. Especially when it's enticing Soft-Shell Crab topped with berry, pake or
      151 words
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      Page 4 Advertisements Column 2
      116 4 No. 1 Coleman Street. An address of distinction. Ideal for medium and large companies. Immediate occupation. Office units with areas ranging from 1,400 sq ft to 29,000 sq ft at attractive centres or branch offices Centrally located, the 10-storey office cum complex offers the a modern office plus an address
      116 words
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Profits at British Steel slashed by £479m
      265 5 AFP LONDON The impact of recession in key steel consuming industries and the slump of European steel prices in response to an oversupplied market slashed profits at British Steel, the world's fourth biggest steel company, by £479 million (551.37 billion), annual results released
      AFP  -  265 words
    • Article
      Lock icon Coca-Cola prevails in suit against bottlers
      317 5 Reuter ATLANTA Coca-Cola Co said a federal court ruled "overwhelmingly" in its favour on Friday in a nearly 10-year-old suit against the soft drink company by a group of its bottlers. The company said the plaintiffs are expected to receive less than US$l5 million
      Reuter  -  317 words
    • Article
      Lock icon Federated and Allied file new restructuring plan
      301 5 Reuter CINCINNATI, Ohio Federated Department Stores Inc and Allied Stores Corp have filed an amended plan of reorganisation (POR) and disclosure statement with the US Bankruptcy Court here. The amended plan reflects changes made as the result of continuing negotiations with various creditor
      Reuter  -  301 words
    • Article
      Lock icon Yamaichi unit denies violating US rules
      226 5 Reuter NEW YORK The chairman of Yamaichi Securities Co's US subsidiary said his firm sent letters to US brokerage industry officials to assure them that it had not violated US rules on securities transactions, including loss-covering. Chairman Scott Pardee said his firm sent a
      Reuter  -  226 words
    • Article, Illustration
      Lock icon Walker fails to get court injunction against banks
      276 5 Reuter LONDON The former chairman and chief executive of Brent Walker Group pic, George Walker, failed on Monday in Britain's High Court to obtain a temporary injunction preventing the company's bankers from removing him from its board, said officials. Mr Walker sought
      Reuter  -  276 words
    • COMPANY BRIEFS
      • Article
        Net foreign purchases seen in US equities
        89 5 NEW YORK Net foreign purchases of US equities totalled about US$2.6 billion (554.6 billion) in the first quarter after five consecutive quarters of net sales, the US Securities Industry Association said on Monday. The net foreign purchases were related to factors that included
        89 words
      • Article
        E German drugs firm sold
        71 5 BERLIN East Germany's biggest producer of medicines and pharmaceutical products, Jenapharm, has been bought by western German company Stuttgarter GEHE AG. The Treuhand privatisation agency announced on Monday that the GEHE offer was "the most attractive" of the many bids for the company. Jenapharm had
        71 words
      • Article
        Cruzcampo makes Spanish bid
        69 5 LONDON Guinness pic announced on Monday that its Cruzcampo Group has made a £29 million (5582.9 million) conditional offer for Spanish brewer Union Cervecera in a bid for a wider market in Spain. Carlsberg A S, which owns 60 per cent of Union Cervecera, had already
        69 words
      • Article
        British Telecom in Tokyo move
        82 5 LONDON British Telecom has announced that TU-KA Cellular Tokyo, in which it has a 5 per cent stake, plans to launch a cellular telephone service in 1994 and will apply to the Japanese government for a business and radio licence for the Tokyo region. The
        82 words
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      Page 5 Advertisements Column 1
      14 5 Now 7times a week. Nonstop to Frankfurt, Europe, the World. Lufthansa Reservations: 737 9222
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      Page 5 Advertisements Column 2
      150 5 E»«0 «r» •»"■»'69'vo irS-K.r .»V«hT When I won the Tchaikovsky competition, I was thrilled. Later came the Avery Fisher prize. I was overjoyed. Now I play a Stradivarius on the concert stages of the world. And Ive reached the point of Delirium". CONCORD. i9oe THE CONCORD KJMUM® 18K GOLD OTH
      150 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        New NZSE index to replace Barclays
        123 6 WELLINGTON The New Zealand Stock Exchange said its new NZSE4O index, designed to replace the Barclays Index, was available from yesterday but would not include partial weightings as previously announced. It said it would link with the closing value of the Barclays Index ot
        123 words
      • Article
        Peru introduces new sol
        77 6 LIMA, Peru The new sol became Peru's official currency on Monday, taking effect in tandem with the country s new banking law, but the currency will not actually enter into circulation until October. As of Monday the new sol, equivalent to one million intis, will appear
        77 words
      • Article
        First Interstate sees huge loss
        85 6 LOS ANGELES Citing economic weakness in the West, First Interstate Bancorp said on Monday that it expected to lose about US$BO million (S$ 140 million) in the second quarter after significantly increasing its provisions for losses on loans. First Interstate, the fourth largest bank holding
        85 words
      • Article
        New Sumitomo Bank unit
        68 6 TOKYO Japan s Sumitomo Bank Ltd said on Monday that it had set up a subsidiary in Britain to take over the Eurobond market activities of the London branch of its Swiss-based unit, Sumitomo International Finance AG. The new wholly-owned unit, Sumitomo Finance International Ltd, is
        68 words
    • Article
      Growing market in S'pore for executive protection schemes
      540 6  -  By S N Vasuki MULTINATIONAL insurance companies in Singapore are accelerating their efforts to tap the growing market in insurance protection for company directors and senior officers against legal action that might be taken against them by shareholders and others. The market
      540 words
    • Article
      Lock icon Economists hail rate cut by Bank of Japan
      632 6 Move described as perfect timing in view of slowdown and G7 summit AFP TOKYO The surprise drop in the Bank of Japan's official discount rate bears witness to the adept way Japanese authorities have been steering the economy to a soft landing
      AFP  -  632 words
    • Article
      Lock icon Five new securities houses boost Seoul stocks
      273 6 Reuter SEOUL South Korea's five new securities houses, formed by government directive. made their debut yesterday by buying six billion won (5514.4 million) of stock in morning trading and buy orders were expected to mount to 15 billion won by the end of
      Reuter  -  273 words
    • Article
      Lock icon Fleet/Norstar merger plan approved
      279 6 NYT WASHINGTON The Federal Reserve Board has dismissed objections by the Justice Department. Maine and community organisers, and approved without any conditions the proposed acquisition of Bank of New England and two affiliated banks by the Fleet/Norstar Financial Group Inc. By a 3-2 vote, the governors
      NYT  -  279 words
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      Page 6 Advertisements Column 1
      788 6 University of California, Berkeley Haas School of Business TIMES CONFERENCES University Extension. University of California, Berkeley and a IMk® Times Conferences tl t The Annual Executive Education Programs Designed exclusively for senior management in Asia, these highly intensive and interactive programs provide opportunities for participants to enhance iheir general management
      788 words
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      Page 6 Advertisements Column 2
      52 6 CREDIT LYONNAIS V2TH (Singapore) Merchant Bankers Limited CHANGE OF ADDRESS With immediate effect, our address and communication details will be changed to:The Singapore branch of Credit Lyonnais remains at: 65 Chulia Street #37-01 OCBC Centre Singapore 0104 Tel No: 535-9477 Fax No: 532-2834 Telex No: RS ***** CLSING i a
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  • Page 6 Miscellaneous
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  • THE REGION
    • Article, Illustration
      Lock icon M'sia and Argentina sign preferential trade accord
      441 7 UPI BUENOS AIRES Malaysian Prime Minister Mahathir bin Mohamad signed a preferential trade agreement with Argentina on Monday and said that commerce between Latin America and Asia would increase in the future. Dr Mahathir said the trade agreement is part of South-to-South cooperation.
      UPI  -  441 words
    • Article
      Thais offer perks for investing in new areas
      212 7 BANGKOK Thailand's Board of Investment will provide equal privileges for investors in 50 listed industries if they invest in the Second Industrial Area. This covers Samut Songkhram, Ratchaburi, Kanchanaburi, Suphan Buri, Ang Thong, Ayutthaya, Saraburi, Nakhon Nayok, Chachoengsao and Chon Buri. The
      212 words
    • Article
      Lock icon Asian tariffs hurting Aussie mineral exports: study
      438 7 AFP SYDNEY Asian countries are making increasing use of tariffs and other trade barriers to limit imports of processed minerals from Australia, the authors of a new study said on Monday. The Australian Bureau of Agricultural and Resource Economics (Abare) found that mineral
      AFP  -  438 words
    • Article
      Lock icon IMF urges Thailand to stick to monetary restraint
      333 7 Reuter BANGKOK The International Monetary Fund urged Thailand to stick to conservative fiscal and monetary policies it is applying in efforts to check its inflation and current account deficit. An IMF report published recently said Thailand should not relax prematurely its control
      Reuter  -  333 words
    • Article
      Lock icon Philippines seeking disaster facility
      157 7 AFP MANILA The Philippines is seeking a "disaster facility" from the IMF to ease the financial effects of Mount Pinatubo's eruption, Finance Secretary Jesus Estanislao said. The facility, on top of a current US$9l6 million (S$ 1.55 billion) package provided by the IMF until 1992, would
      AFP  -  157 words
    • Article
      Thailand, US reach textile pact in the air
      404 7 THAILAND Thirty months after the end of the last textile agreement between Thailand and the United States, a time which has often seen vastly different attitudes from the two sides, a new agreement surprisingly has been reached. Chief textile negotiator for the
      404 words
    • Article
      Lock icon Jakarta to get US$30m World Bank loan
      120 7 UPI WASHINGTON The World Bank announced on Monday the approval of a US$3O million (Sssl million) loan to Indonesia to support public and private infrastructure development The loan is for 20 years, including five years of grace, with a variable interest rate, currently
      UPI  -  120 words
    • NOTE BOOK
      • Article
        NZ population tipped to stay small
        88 7 WELLINGTON New Zealand is unlikely to achieve large population gains through government immigration plans, an economic research group claims. Immigration Minister Bill Birch has said he would introduce policies to bring in 20,000 migrants a year, but the director of the government-funded Planning Council,
        88 words
      • Article
        Farmers want more money
        71 7 JAKARTA About 200 farmers, carrying banners, protested outside Parliament on Monday, saying they received unfairly low compensation for land taken for a petrochemical project. The farmers said district authorities forced them to leave their village, but did not pay market prices for their land. They said
        71 words
      • Article
        Job passes for Indons
        61 7 KUALA LUMPUR The Malaysian Oil Palm Growers Council has asked the government to extend the tenure of employment passes for Indonesian plantation workers from the present three years to five years. It also asked the government to allow plantations to recruit workers from other countries besides
        61 words
      • Article
        Transit point for drugs
        72 7 JAKARTA Indonesian cities are used as transit points by drug traffickers because neighbouring nations hand out harsher sentences to offenders, a senior Indonesian police official said on Monday. Colonel Muzirman S, head of the Anti-Nar-cotics Abuse Directorate, told Angkatan Bersenjata (Armed Forces) daily newspaper that there
        72 words
      • Article
        Govt bows to pressure
        91 7 SUVA The Fijian government bowed to union pressure late on Monday, announcing it would abandon introduction of its controversial value-added tax (VAT) and hold more talks with unions over proposed labour reforms. It would be left up to the next elected government to decide whether to
        91 words
      • Article
        Call for donations
        101 7 PARIS Philippine farmers, victims of the eruptions of the Mount Pinatubo volcano in June, are seeking assistance from farmer organisations throughout the world. In a letter to the Paris-based International Federation of Agricultural Producers, the Sanduguan, a national coalition of Philippine farmers, said it was requesting donations.
        101 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      62 7 I Tha MOST comorßhanilvß digest A directory tor I \^^^^^thßbutlnetttravBllBr^^^^^\ ENLARGED UPDATED 2nd EDITION HUNDREDS OF NEW BUSINESS CONTACTS US$l7 or HK$l32 Incl. post 3 packaging (Payable to This l< Vietnam.; AMEX accepted Address This It Vietnam. #36. 3 South Bay Close, Hong Kong. Fax orders: (852) 812 6046 Published
      62 words
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      Page 7 Advertisements Column 2
      67 7 A wirm welcome at Shangri-La Hotel In Penang. r JB Wk--I A meeting of the minds should always begin gracefully. r 1 r F r «r B 8 i Shangri-La hotel PENANC, MALAYSIA A SHANCRI-U INTtRNATIONAL HOTEL SHANGRI-LA HOTEL. MAGAZINE ROAD. tOJOO PENANC. MALAYSIA TEL 60-1-622 622 TELEX: 40i7« SHNGPC
      67 words
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  • THE WORLD 1
    • Article
      Lock icon Franee virtually alone in taking on Japan
      431 8 AFP PARIS France, which has come out with the toughest language used in Europe against what it sees as Japan's unfair trade practices, looks pretty much alone in taking on openly the world's biggest financial power. Japan had a US$l2 billion (5521.2 billion)
      AFP  -  431 words
    • Article
      Lock icon US warns China of sanctions
      147 8 Reuter WASHINGTON I he I S has warned that C hina faces a new sanction if it sold missiles to Pakistan that exceeded certain guideline* The L'S has ahead) sanctioned Chinese entities under the National Defence Valorisation Act for transferring missile-related equipment to Pakistan," the
      Reuter  -  147 words
    • Article
      Lock icon Beijing likely to delay hire-and-fire reform plans
      259 8 UPI RHIJING The Chinese government is likely to delay plans to give industries more control over hiring and firing employees, a reform designed to improve efficiency, because of fears over China's worrisome unemployment, a state-run newspaper reported yesterday. I he English-language China Daily
      UPI  -  259 words
    • Article
      Lock icon US manufacturing sector up after falling 12 months
      488 9 Purchasing managers say recession is over Reuter WASHINGTON The manufacturing sector of the American economy expanded last month for the first time in a year, US corporate purchasing managers said on Monday, leading them to declare that the recession begun last July
      Reuter  -  488 words
    • Article
      Lock icon Construction spending in US down in May
      183 9 AFP WASHINGTON American construction spending dropped in May, falling 0.9 per cent to bring total seasonally adjusted outlay to U*****.1 billion (*****.5 billion), the US Commerce Department announced on Monday. The month's drop in residential, non-residential and government spending came after an increase
      AFP  -  183 words
    • WORLD WATCH
      • Article
        Mixed fortunes for leading economies
        97 9 WASHINGTON The German trade surplus and the US trade deficit narrowed while Japan's surplus widened in the first quarter of this year compared with a year before, the International Monetary Fund reported on Monday. The aggregate trade deficit of the industrial countries widened in the
        97 words
      • Article
        Revamp for Iranian banks
        86 9 TEHERAN The Iranian banking system is undergoing "de-Islamisation" in an attempt to purge the banking sector of inefficiency and adapt post-revolutionary Iran to international economics. "We must establish competition among the banks to ensure their development and guarantee better service," Iranian President Ali Akbar Hashemi Rafsanjani
        86 words
      • Article
        Bonn lifts curb on Teheran trade
        71 9 TFHFRAN The German government has lifted a key financial restriction on its trade with Iran and will help transport Iranian gas to Europe. Diplomatic sources said on Monday that Bonn agieed to remove the US$5OO million (SsBBs million) ceiling imposed on the German insurance
        71 words
      • Article
        Pakistan sets export target
        64 9 ISLAMABAD Pakistan has set an export target of US$lO billion (5517.7 billion) for the 1991-92 fiscal year beginning in July with the aim of eliminating its trade deficit, officials said on Monday. The new trade policy, unveiled by Commerce Minister Malik Naeem Khan a day earlier,
        64 words
      • Article
        Sweden applies to join EC
        56 9 THE HAGUE Swedish Prime Minister Ingvar Carlsson formally applied for Common Market membership on Monday as the trade bloc steps up its pace toward economic and political integiation. Carlsson handed over Sweden's application to Dutch Prime Minister Ruud Lubbers, whose nation on Monday assumed the
        56 words
    • Article
      Lock icon E Europe seen to pull down world economy
      384 9 AP UNH I D NAI lONS Recession in the Soviet Union and East Europe is the biggest factor in the stagnation in the world's economy this year, according to a UN report released yesterday. l he UN World Economic Suney predicts only
      AP  -  384 words
    • Article, Illustration
      Lock icon 9 reformers to form new Soviet party
      181 9 AP MOSCOW Nine leading Soviet reformers led by former foreign minister Eduard Shevardnadze have forged an alliance to create a political organisation that could rival the Communist Party, say reports. The organisation, which reformers hope to establish by September, could become one of
      AP  -  181 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      115 8 I CHINA MAIL I E OOtf TIANHN r«.) I"x 11 .u ,i;i.l ll^ Chinese-Foreign Equity Successful Marketing in China 5,000 ycart oW fHSr *»V% fr> Strang* Drawing* WBfcy tß^ x 'f m h1 n UI(M THI U» 0» THI f«C II •HOIIT lotllt" OW»(B "3Lt»tit > i i s i
      115 words
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      Page 8 Advertisements Column 2
      267 8 FOR SALE ©IM= NEW ZEALAND HOTELS FREEHOLD PROPERTIES HIGH YIELD PRICED TO SELL MANAGEMENT AVAILABLE WITH GUARANTEED RETURNS IMXLAND ICHRKICHIM IQIMSIOW I HAW IROTORU Vacation Inn Vacation Inn Vacation Inn Vacation Inn Kingsgate 222 rooms 91 rooms, 5 suites 100 rooms, 2 suites s)4 rooms 194 room hotel in Restaurant
      267 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      281 9 You start by booking a British Airways flight to or Y U 2 h UM from London this summer.* When you do, well present you with your 'Key To Or you could win full rights to the Lordship of Britain promotion pack. But even more importantly, your' Key To Britain'pack
      281 words
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  • Article
    Banking on a code
    473 10 EDITORIAL SINGAPORE'S banking system is the envy of the developed world. There are no fiascos here like America's savings and loans crisis which pushed its banking system to the brink, and local banks have not built assets on the basis of inflated and ultimately vulnerable property
    473 words
  • WHAT THE OTHERS SAY
    • Article
      The party's over in China
      353 10 I HE Chinese Communist Party (CCP) turned 70 yesterday (Monday), showing all the signs of old age without the accompanying wisdom which makes age a blessing, not a curse. This is not to belittle the party's contribution to China. The party abolished feudalism and many
      353 words
    • Article
      Open U a good move
      73 10 MANY Singaporeans would welcome the Prime Minister's plans to set up an open university. Despite the fact that many Singaporeans have succeeded without academic qualifications, the paper chase continues. The lack of places at our tertiary institutions has not stopped our students from pursuing further
      73 words
    • Article
      Physician, heal thyself
      80 10 HOW to make doctors discharge their social responsibility well is a real problem. Professional organisations and society as a whole should have the power to censure doctors and other professionals if they fail to deliver a standard of service they profess to provide. In the past two
      80 words
  • REGIONAL VIEWPOINTS
    • Article
      Build up Thai-Viet ties
      175 10 VIETNAM'S ruling Communist Party, beset with corruption scandals and policy conflicts, picked a new leader and replaced over half of its Politburo members last week in a move clearly aimed at improving its image and credibility. Vietnam's National Assembly will meet this month to appoint a
      175 words
    • Article
      Don't assume 'politicisation'
      202 10 SUDOMO, in his capacity as the Coordinating Minister for Political and Security Affairs, obviously should be greatly concerned with the high incidence of workers' strikes in recent weeks. Mass protests, for whatever purpose they may be, are a flagrant demonstration of disillusionment that could be exploited by
      202 words
    • Article
      The real lesson to learn
      125 10 AS THE Chinese Communist Party marks its 70th anniversary today, its dogmatists will be tempted to point to the apparent disintegration of Yugoslavia as the latest in a long line of examples to come from Eastern Europe and the Soviet Union that justify continuing authoritarian
      125 words
  • Article
    This bourse will take some time to hot up
    1085 10  -  From Hongkong, Catherine Ong reports on the new Shenzhen Stock Exchange, and what already ails it In Shenzhen, Beijing's lackadaisical attitude towards foreign concerns trading or listing on the exchange will stifle its potential. Catherine Ong FOREIGN investors and companies waiting
    1,085 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      34 10 Unit trust options Doing businsss in Bombay Soaring medicai costs I Krt ftWlMfyy*' wX>> rja* «IregBHB^EMMfcPs •<M^^^ySPSP«MI IMF f «\*9 -^njjjßw Hr -4\-{i ■1 > g| j Spotiight on Avimo, Lim Kah Ngam OAf S4L£
      34 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      30 10 DOONESBURY BY GARRY TRUDEAU MA'AM. THIS MAN'S NAME. IS ITS A DtIIGHT TO M6BT YOU IT'S RIGHT rvt-j\/p mp MASXWIML neHASRS- POMTO MIN&INTWVWK&vee TUNIC YOU'RE- UJeARINO' I I BUS/N6SS, TRADITION
      30 words
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  • ANALYSIS
    • Article
      Lock icon Laissez faire Iranian island in a sea of Islamic rules
      1007 11  -  Katayon Ghazi describes how new liberal thinking in Iran has resulted in big plans to turn strategically-located Qeshm island into the Singapore of the Middle East Katayon Ghazi NYT DEPARTING from its penchant for a command economy subject to Islamic
      NYT  -  1,007 words
    • Article, Illustration
      Sick man of Asia healing well
      1420 11  -  In a recent interview with Harish Mehta in Manila, Finance Secretary Jesus Estanislao bubbled over with confidence about prospects for the Philippine economy Harish Mehta THE POPULAR image of a Third World finance minister remains one of a man who tours world capitals. wearing
      1,420 words
    • Article
      The show goes on, no matter who's in charge
      342 11 FEARS that the economic programmes begun by President Corazon Aquino will be derailed when a new regime takes o\er after the presidential election next May are unfounded, because continuity exists between one regime and another. says Philippine Finance Secretary Jesus Estanislao.
      342 words
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  • SPORTS
    • Article, Illustration
      Lock icon Lendl fails again
      553 12 Wimbledon NYT WIMBLEDON Order was restored to centre court on Monday as the rabble gave way to royalty, the waves and chants disappeared and Ivan Lend! endured his traditional torture. David Wheaton used his 193 kph serve to beat Lendl 6-3, 3-6, 7-6, 6-3 in a thirdround
      NYT  -  553 words
    • Article
      Lock icon Mitchell runs away with 100m glory
      284 12 AP VILLENEUVE D'ASCQ, France The night was supposed to belong to Carl Lewis and Ben Johnson. But Dennis Mitchell had other ideas. Mitchell ran away with the 100 metres at the BNP Grand Prix meet on Monday night, leaving Lewis in second place and
      AP  -  284 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      274 12 SOME OF OUR BEST DISHES I ARENTONTHEMENU. jT I Our new Chef is a real master in the New Wave Cantonese cooking now the rage in Hong Kong. And being creative at heart, he can originate dishes on-the-spot based on his experience and talent of how each ingredient can blend
      274 words
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  • THE LAW PAGE
    • Article, Illustration
      How do insurers define permanent disablement?
      743 13  -  ielva Kumar takes a look at the meaning of total or permanent disablement as spelt out in your insurance contract Selva Kumar TOTAL and permanent disablement shall mean such state of disability that there is neither then nor at any time thereafter, any work,
      743 words
    • Article
      Taxi driver's application turned down
      440 13  -  David Gabriel examines the case of a taxi driver found unfit to hold a licence because of a drug conviction David Gabriel JUSTICE S Rajendran has turned down an application for an order of certiorari to quash a decision by the Minister for Communications who
      440 words
    • Article
      Conditional leave to defend a suit
      390 13 C ASE^ TAY TOCK LAY V. CHAN TIN SOON High Court of the Republic of Singapore, Suit No 157 of 1989. Justice Goh Joon Seng. THE plaintiff, Tay, trading through Kheng Lock and Company, made some loans to the defendant, Chan, trading through Ban
      390 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      331 13 Mill *k4tof4lk(it < <M Tell your driver its right on top of Lconie Hill, <>l hanging HI H»To those of you who've already 'V .^a ai^-| I j reserved your niche I possibly the number one address in Singapore, may we welcome you to enclave, a luxurious sanctuary a preview
      331 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      245 14 WHEBE TO WINE, PINE AND ENTERTAIN WHERE TO WINE, DINE AMD ENTERTAIN WHERE TO WINE, DINE -me Q ANifilweAM J22+ most tender U.S. meat ait coming f TBF33ACI'r> Cafe. The finest Sualrtv American beef, poultry and seafood grilled and cookra ft a variety of succulent and lip-smacking ways will be
      245 words
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      Page 14 Advertisements Column 2
      298 14 JRgrl DIANXIN TEMPTATIONS Continuing me parade of culinary gems incomparable Ruyi offers a fine selection of Dian Xin. From our creative A la Carte menu treat yourself to aB the Dian Xin you can enjoy for $16.80++ per person. Open daily from 11:30 am 2:3opm for lunch, and 6:3opm— 10:30pm
      298 words
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      Page 14 Advertisements Column 3
      259 14 DOUBLE CELEBRATION (3-31 JULY) At our International Buffet, you can treat your palate to superb fare from exotic regions all over the world in the spaciousness of our fully-renovated Cafe Plaza. Double Celebration Giveaways: A $10 Metto Plaza shopping voucher for every $50 spent at Cafe Plaza. A 20% discount
      259 words
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      Page 14 Advertisements Column 4
      197 14 VL Com Co Just imagine. Thirty glorious days to savour our super Swiss spread. With over 60 traditional favourites, you might just go on eating forever! We serve the world to you at The Belvedere. I ■B Swiss Buffet Lunch H Noon 2.30 pm July 1 31 Adult: $36++ Child
      197 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      645 14 TELEVISION AND RADIO Shakespearean fireworks T™™ mSmmm a |£3rsr= 1.00 Claaa. SJO PH Sathaagai Ofl (T). Kuan Hoi San appear in this 7.10 am. 1 Til 1.30m1. f.lflgm. 4 4MB AAA i mgm v a vaawxy sawpMl vawpnvy fIHHHHHIHHIIHHHiiL I*2 t* 1 wwwnew (L). lis Naws(T). two-part movie about a
      645 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Princess Di: working mother
      781 15 It's been 10 years since the fairy-tale wedding. How has reality treated the fairy-tale princess? IHT DIANA, Princess of Wales, hit the big 30 on Monday, with all the grace of a Wimbledon champion placing a delicate lob. Ten years after the royal love ma tch
      IHT  -  781 words
    • Article, Illustration
      Lock icon Original Croc Dundee forced to sell ranch
      441 15 Paul Hogan made the man a buccaneering bush hero. But the legend seems set to die for Rod Ansell, who own life was inspiration for the movie, might have to leave bush UPI THE original Crocodile Dundee, whose life in Australia's Wild West
      UPI  -  441 words
    • Article
      Encore — Grammys to be held in NY again
      573 15 Encore Grammys to be held in NY again THE 34th annual Grammy Awards will be presented in February at Radio City Music Hall. This will be the first time that the Grammys will have been presented two years in succession in Manhattan. For most of its existence, the National Academy
      573 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      275 15 AND ENTERTAIN Effortless Dining L 1 Make your own set meal from one choice of 6 starters, 6 main entrees and 6 desserts. I All for only S$ 18.50 per person including I Coffee, Cappuccino or Tea at Cafe-in-the- I Park. I For Dinner Only. I ANA HOTEL I tr&fl
      275 words
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      Page 15 Advertisements Column 2
      132 15 |> !y |y4£ ->a yg^.... r 1 i^MIM character isn't built overnight* that's all the time it takes to appreciate it Unlike any other hotel, the Goodwood Park occupies a unique place in Singapore's history. It has, in fact, become part of the heritage of the island itself The passing
      132 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Profit-taking trims early price gains
      4846 16  -  By Lilian Ang SHARE PRICES on the local bourse closed mixed yesterday, with late profittaking by cautious investors paring earlier gains. Brokers said the market was subdued on the whole, with the retreat on overseas bourses causing some investors to liquidate rather than continue bargain-hunting.
      4,846 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4064 17 Main Board NatSteel 1160 90 8.4% PM Hldgs 295 +35 +13.5% SIA Foreign 1890 20 +1.1% SIA 1370 +20 +1.5% Roth Inds 50* 535 +15 +2.9% Singmarine 50* 530 +15 2.9% NatSteel Wt 388 +14 +3.7% GE Life 1490 +10 +0.7% SIA 200 1360 +10
    4,064 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      278 18 Company Date Year Group Not Not earnings Gross ano to profit/loss (L) per share dividend (coots) Amcol Jun 25 Dec 90 $36,143($9,185) 18 2(4 6) 10(10) Metroplex Jun 25 lan 91 M$15.628($5.450) 2.6(1 9a) 6(4 3a) SM lun 25 Mar 91 $912,800(11.200.600) 143 2(188 4 40(35) SfP Jun
      278 words
    • Article
      PRELIMINARY RESULTS
      264 18 Company Date Year Group pre-tax Nat earning# Crete m„ to praflt/lees <L) per rtare rfMdend (•000) (cants) Choc Products Jul 1 Mar 91 M$5,272($2.105s) 5.0(0.9) Faber Group Jul 1 Jan 91 M$33,426($15,558l) 8.1(-) MCB Hldgs Jul 1 Mar 91 M$2,411 ($1,7661) 2.9(-) NYA(2.5) Alex Hldgs Jun 28 Mar
      264 words
    • Article
      INTERIM RESULTS
      179 18 Company Date Half-year Creep pre-tax hrtarhn a to pr»lft/los» (L) «*idei.d Ganda Hldgs Jun 25 Mar 91 M$554L ($3,237L) As.aPac.fK: Jun 21 Mar 91 $59,214($48,108) 14.5(154) F& N Jun 21 Mar 91 $89.232($75,678) 9.2(9.2) Avimo Jun 14 Mar 91 $1,541 ($1,571) 5TE(7 5TE) Samanda Hldgs Jun 14 Mar
      179 words
    • Article
      CORPORATE DEVELOPMENTS
      482 18 Jul 1 Sembawang Shipyard has clinched a $40m reconstruction contract on a tanker Singapore Shipbuidaig and Engineering Ltd has secured a USs3B™ (Ss67m) contract for the construction of two container vessels June 29 m Corp a Malaysian construction group, plans to have separate lifting for all its four
      482 words
    • Article
      DIVIDENDS ANNOUNCED
      934 18 Current Ex Books Date Total for Total lor payment date close payable the year last year Amcoi 25c 10% Jul S Jul 17 tui 31 10". 101 AMFP NYA(e) lun 19 Jul 4 Aug 15 NYA 2 8C Mil HMgs 50c 61(b) Sep 4 Sep 16 Sep JO
      934 words
    • Article
      RESULTS DUE
      617 18 Main Board l* 35 #ar Company Period Date Year Net EPS Gross Met ammnced endiij (cents) dr» profit last year (J 000) Cerebos Interim Apr 27 Jul 9i 126 200TE(a) 38.911 Spore land Interim May 4 Dec 91 126 10.0 44 641(g) SW Interim Jul 26 Dec 91
      617 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      1010 18 Prices as at 02.07.91 Conversion tarms Premium/ Expiry i i (discount) Amount Optional" using issued Company (mil Wrts Share Lean Conv Exer Lnstk Cash Cash Loan Gearing Date Mths units) stock ratio price rtom StK Left value j _____I 1 t 1 1 Burwill 115 2
      1,010 words
    • Article
      APPROVED ISSUES
      384 18 Company Rights Issue Ulcon One-tor two M$1 00 per snare Issue ot 40m Cumulative Redeemable Preference Shares (CRPS) ot M$0 10 each at MSI per share with 10m detachable TSR on ft* basis ot 1 CWS with 1 TSR for every 4 CRTS. Ex-date Jun 7 Books close
      384 words
    • Article
      PROPOSED ISSUES
      518 18 Company Rights Issue Bolton One 'or tour fe M$2 00 per share issue of $90 978" nominal amount of 3 51 Redeemable Urecured Guaranteed Bonds 1991 96 with 15 (89i detac: :oie warrants on the basis of 12 nonvnal amount of Bonds for every three existing shares twd
      518 words
    • Article
      BONDS, LOANS & WARRANTS
      815 18 BONDS, LOANS WARRANTS Company Conversion period Contortion tarn Iar wt ordinary Bird m Mn 30 6 94 1 warrant phis HKJ100 cash C*C Wt Before ?6 4 93 1 warrant plus J3 09 cash Causeway Loan Caweway Wt 2/10/89 to 20/10 94 1 warant plus JO 77 cash or 1
      815 words
    • Article
      COMPANY MEETINGS
      302 18 Jacks International Ltd: AGM at the Registered Office, 11 Jalan Lembah Kaflang, Singjpore 1233 on Monday, July 8, at 11am. Asia Pacific Land Bhd: EGM at Miami 111 Hall, Ferringhi Beach Hotel, 12.5 km Batu Ferr r.ghi Road, ***** Batu Ferringhi, Penang on Monday, July 8, at 11am.
      302 words
    • Article
      RECORD HIGHS & LOWS
      203 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 high *****8 (3 6 91) 5? vSSt Mfi/l/Jl! 1991 low: 1022 52 (16/1/91) J" J* S 1 on 1990 Nfh 1435 43 (16 7/90) Jf Kin <i!in'2 1990 low: 981 07 09/11.90) J90 J"; J®!? 12 11/ S,2 1989 hifh
      203 words
  • Page 18 Advertisements
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      Page 18 Advertisements Column 1
      36 18 YOUR DAILY GUIDE The Straits Times Classified. The only buyer's/ seller's guide that's updated everyday. Whether you need a puppy or a good home for one, Classified has what you're looking for! Just call 737-1166. |737-H**l
      36 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Talk of probe on dealers dampens sentiment
      4520 19 Bernama SHARE PRICES in Kuala Lumpur closed broadly lower yesterday amid dampened sentiment and some forced selling. The K.LSE Composite Index ended 2.19 points lower at 613.50 while the Industrial Index was 5.13 points lower at 1,157.94. Losers overwhelmed gainers 193 to 30
      Bernama  -  4,520 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      186 19 BUSINESS TIMES TELEPHONE: 730-577 1/5772/5773 FAX: 734-4982 NOTICE .I We are please to announce that we have commenced services in Singapore with effect from Ist July 1991 INTERNATIONAL FORWARDER 'II AIR TIGER EXPRESS (S) PTE LTD. #07-10 Cargo Agents' Building C 115, Airport Cargo Road Singapore 1781 Fax 545 7093
      186 words
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      Page 19 Advertisements Column 2
      169 19 IN THI MATTER OF THE COMPANIES ACT, (CHAPTER 80) AND IN THE MATTER OP LAI KONO JIN A SONS PRIVATE LIMITED (Incorporated In the Republic of Singapore) (IN UOUIDAnON) MEMBERS' VOLUNTARY WINDING-UP NOTICE IS HEREBY GIVEN That tha creditors of the abovenamed Company which it being voluntarily wound up, ara
      169 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end moderately easier in cautious trading
      2269 20 Reuter TOKYO STOCKS closed moderately easier in a slight correction yesterday, following Monday's 818-point leap. Monday's discount-rate cut and Wall Street's overnight gain were positive factors, but caution over excess supply led buyers to pull back while profit-takers whittled prices. "A muted reaction
      Reuter  -  2,269 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Prices close off day's highs on late profit-taking
      2251 20 Reuter HONGKONG STOCKS ei.ded higher but oft the day's highs yesterday after morning advances were trimmed by a wave of profit-taking shortly before the close. The blue-chip Hang Seng Index was up 34.06 points to 3,772.91 at the close after earlier touching
      Reuter  -  2,251 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Aussie, NZ shares rise, Taipei, Bangkok fall
      • Article
        AUSTRALIA
        798 21 AUSTRALIAN stock prices \esteida\ rose sharply to an eight-wed■ high in heavy trade after strong gains on overseas markets. The All Ordinaries Index closed at 1.543.2, up 21 points or '.4 per cent, after resisting profit-taking in late trade. Brokers said the rise in the Dow Jones Industrial Average
        798 words
      • Article
        Untitled
        92 21 Close Previous July 2 SYDNEY \i| Ordinaries Index 1,543.2 1.522 0 -*-21.2 Ml Ir liistrials Index 2.377.6 2.346.1 +31.5 \ll Resources Index 904.0 8W8 -*-13 2 Turnover (million) 122.1 102 6 +19.5 BANGKOK SFT Index 739.54 765.21 -25 67 Turnover (million baht) 2.500 3 530 -1.030 JAKARTA 'Composite Index NA
        92 words
      • Article
        MANILA
        468 21 PHILIPPINE shares yesterday posted modest gains with Wall Street inspiring the market out of depression from Mount Pinatubo's damage, brokers said. The Manila Stock Exchange Composite Index closed 8.53 points higher at 1.061.98. Philippine Long Distance Telephone (PLDT) lured attention after it rose on Monday in New York, where
        468 words
      • Article
        JAKARTA
        692 21 JAKARTA share prices continued their steady fall yesterday though there were a few bright spots among banks and some blue chips. "There's no interesting news. I here is really an oversupply of shares on the market," a broker with one foreign house said. There was unconfirmed speculation in the
        692 words
      • Article
        TAIWAN
        161 21 THE TAIWAN stock index opened higher yesterday, reflecting gains in foreign markets, but profit-taking soon emerged and the weak financial sector pulled the index down to close sharply lower. The Weighted Index lost 154.98 points or 2.7 per cent to end at 5.613.10 compared with Saturday's 5.768.08 finish. Many
        161 words
      • Article
        Untitled
        278 21 In local currency In S I" t'S$ day year day "year N day year jtfy i Index change change change time change change World 402 8 16 12.5 I.I 8 1 U 6.3 ♦FAFF 524 0 1-6 11.5 1.2 3.7 1.30 422 6 0.4 16.0 0.3 -1 5 0.4 -3.1
        278 words
      • Article
        BANGKOK
        696 21 THAI share prices yesterday plunged 3.3 per cent in thin trading due to increases in bank interest rates. I he Securities Exchange of Thailand Index closed at 739.54, down 25.60 points. "Ihe market fell sharply alter the interest rate was increased," said a broker from Mithai Europartners Finance and
        696 words
      • Article
        NEW ZEALAND
        131 21 THE NEW ZEALAND share market, which had been buckling under the weight of new and pending issues, yesterday got a shot in the arm from Wall Street's 52-point rise to end the day 3.7 per cent higher. Other positive influences were a resumption in the decline of domestic
        131 words
      • Article
        SEOUL
        54 21 SEOUL share prices moved downward in relatively active trading yesterday. The Composite Price Index lost 5.25 points to close at 611.65. Declines outpaced advances 459 to 189 among the 778 issues that changed hands. Volume stood at 10.626 million shares valued at 158.4 billion won (U*****.9 million). The Bombay
        54 words
      • Article
        Untitled
        529 21 Wellington Jul) 2 NZ Cents VoKW) Air NZ 134 +6 160 ANZ Banking 516 +41 170 Bank Of NZ 69 2 6715 Baycorp Bnerley Inv 115 4 ***** Carter Holt 173 11 5200 Cavalier 183 -1 9 Ceramco 153 4 981 Cityrealties Corp Inv 89 unch 6580 Cultut Pet Donaghys
        529 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      99 21 r It could be a controversial deal bclwccn iwo stock market stars, a thoughl-provoking report by university researchers on the latest trans-European merger. -r FOCUS zooms in on the news and issues of the day and U i (X)^s at t^ cm n morc tlepih and breadth. FOCUS is the
      99 words
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  • Wall Street stocks bounce back sharply
    • Article, Illustration
      NEW YORK
      1494 22 AN EXCEPTIONALLY strong stock market in Tokyo and a favourable purchasing managers' report did wonders for Wall Street on Monday as stocks bounced back sharply and recovered almost everything they lost last week. The Dow Jones Industrial Average, which sank nearly 59 points last week, soared 51.66 points,
      1,494 words
    • Article
      FRANKFURT
      207 22 GERMAN share prices opened broadly lower yesterday, but bounced ofT their early lows as bargain hunting set in and technical support at the 1.600 point level on the 30-share DAX Index halted the slide. After 10 minutes of trade the DAX hit a low at 1,602.42, but by 0900
      207 words
    • Article
      Untitled
      376 22 Brussels July 1 Km net FORWARD MARKET Acec 2425 25 Arbed 4450 20 Astur 972 8 Brascan 596 4 C'anpac 618 -2 Cock 187 +1 Beers 878 unch F.b« 8400 Gb-lnno-Bm 1.134 12 Cicvaert 6750 20 Or Bru I amh 3705 unch Hobok Pctro ***** f 25 Ryl Dutch 2905
      376 words
    • Article, Illustration
      LONDON
      745 22 LONDON shares dvanced in early trading yesterday, bt then lost some of their narrow gains, ad dealers said that they might fall furtbr on lack of investor interest and in eaction to gains on Monday. The Focsie Index of 100 leading shares was up 1.6 points at 2,445.2. On
      745 words
    • Article
      PARIS
      207 22 THE PARIS bourse opened broadly lower yesterday, pulled down by weak French bond prices and by modest profit-taking after Monday's largely technical rise. The CAC-40 Index fell 16.38 points, or 0.92 per cent, to 1,756.43 at 0828 GMT on moderate trade of about 310 million francs. French pay television
      207 words
    • Article
      AMSTERDAM
      354 22 DUTCH shares on Monday ended slightly higher in thin trade which took place mainly among professionals. Traders said the gains were due to Japan's overnight discount rate cut and Wall Street's higher opening. "It is unbelievably quiet with prices a bit better on the Japanese rate cut," said Nick
      354 words
    • Article
      ZURICH
      351 22 SWISS shares on Monday closed firmer in quiet trading as Wall Street's strong opening and Tokyo's sharp gains following the Bank of Japan's half point discount rate cut lent support to the market. The all-share SPI Index closed up 5.3 points at 1,096.7 and the SMI Index of leading
      351 words
    • Article
      MILAN
      234 22 IN MILAN, political uncertainties and continuing confusion over government tax plans have virtually becalmed the exchange which drifted to close slightly lower in very thin trade on Monday. "Absolutely nothing has happened," said one broker. The market ignored the overnight cut in the Japanese discount rate, which some brokers
      234 words
    • Article
      JOHANNESBURG
      431 22 JOHANNESBURG gold shares benefited from firmer world bullion prices on Monday in an otherwise quiet, and generally easier, stock market in the absence of any fresh incentives. Analysts are expecting a consolidation phase to set in after last week's profit-taking, which was sparked by fears that the market looked
      431 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      78 22 You may have been unable to get your Business Times, Straits Times, Sunday Times, LianHe Zaoßao and other daily newspapers from your usual newsstand because of the higher demand lately. To ensure a daily copy, call Customer Services Section on 740-1839 or 740-1840, and ask for home or office delivery
      78 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      Mark regains ground to close firmer on profit-taking
      1236 23 REPORTS THE DEUTSCHEMARK regained some of the ground it lost overnight to end higher yesterday in Tokyo against the dollar and the yen on short-covering profit-taking mainly by overseas speculators. The dollar/yen drifted narrowly around 138.50 yen for most of the day.
      1,236 words
    • Article
      INTERBANK FOREX RATES
      415 23 Crass rates ju» y 3 USS S$ MS Dm Yen SFr AS NZS US$ J.7700 2.7930 1.8280 138.40 0.6209 1.5670 1.3063 1.7498 SS 0.5650 1.5780 1.0328 ***** 0.3508 0.8853 0 7380 0.9886 MS 0.3580 63.37 0.6545 0.4955 0.2223 0 5610 0.4677 ***** Dm 0.5470 0.9683 1.5279 75
      415 words
    • Article
      MONEY MARKET
      500 23 Interbank rates SS Bid Offer Overnight 5 1/2 5 5/8 1-month 6 1/4 6 3/8 2-month 6 1/4 6 J/8 3-month 6 1/4 6 3/8 Overnight mode: 5-9/16 LSS ()ffcT 7 days 6 6 1/8 1 month 6 6 1/8 2 months 6 6 1/8 3 months 6
      500 words
    • Article, Illustration
      Lock icon Schlesinger criticises monetary union move
      475 23 AFP BONN On the anniversary of German monetary union, Chancellor Helmut Kohl on Monday leapt to defend his controversial move to bring the German mark to east Germany and propel the region towards market economics. But the storm surrounding his policy found a new and
      AFP  -  475 words
    • Article
      FINANCIAL FUTURES
      1296 23 SIMEX mmmm Open High Low Sett Est Vol Dp'lnt Voi Sep 91 93.52 93.54 93.51 93.53 4952 ***** 7856 Dec 91 92.94 92.95 92.93 92 94 :841 :4841 4950 Mar 92 92 82 92.83 92 81 92 82 800 8602 1167 Jun 92 92.43 92.43 92.40 92.40 206
      1,296 words
  • Page 23 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Oil consumption rate seen slowing in medium term
      308 24 Reuter PARIS World oil consumption will rise at an annual rate of only 1.5 per cent in the medium term, the managing director of the International Monetary Fund. Michel Camdessus, said on Monday. He told a meeting of oil producers and consumers
      Reuter  -  308 words
    • Article
      Lock icon Saudi Aramco boosts oil output by 29pc
      358 24 AFP NICOSIA The Saudi Arabian Oil Company (Saudi Aramco) boosted crude oil production by 29 per cent last year to compensate for the loss of Iraqi and Kuwaiti oil exports, the firm said in its 1990 annual report. The company also increased production
      AFP  -  358 words
    • Article
      KL tin up 7 sen despite US$20 fall in London
      830 24 REPORTS THE tin price recovered seven sen to close at M$ 15.47 per kg on the Kuala Lumpur Tin Market yesterday on lack of sellers. Despite the US$2O drop on the London Metal Exchange overnight, dealers said last week's oversold
      830 words
  • Article
    PRICES
    1524 24 Rubber j u i y 2 W (<■>(■ Ww) S ccntvkt Ntxin Cloie Inl I RSS Prompt 1440(1/145 OON 144 30/145 JON Int I RSS Aug •»I 145 00/145 50 145 50/146 00 Inl 1 RSS Sep 146.00/146 50 146 50/147.00 Inl 2 RSS OP 143.50/145.JON 143.30/145 SON Int
    1,524 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      550 24 BUSINESS TIMES TBLBPHONB: 730-5771/5772/5773 FAX: 734 4982 NOTICE BANK BUMIPUTRA MALAYSIA BERHAD SINGAPORE BRANCH U5550,000,000 Floating Rate Negotiable United States Dollar Certificates of Deposit due 1992 In accordance with the provisions of the Certificates of Deposit, notice is hereby given that the entire U5550,000,000 will be repaid with accrued interest
      550 words
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      Page 24 Advertisements Column 2
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
      11 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1134 25 aty Flight ETA FNgfct ETD Ah* DfcaM GA895 1235 GA974 0001 GA886 0010 MtMit QF81 2000 QF82 2200 SQ227 2245 Amtantaai GA895 1235 SQ24 2200 KL837 1255 KL838 2240 Atkwn 0A471 0020 0A472 2240 SQ35 1710 Aaddaai NZ21 1820 NZ22 1930 SQ388 2030 MarM SQ181 1410
    1,134 words
  • THE TRAVEL PAGE
    • Article, Illustration
      The lure of Arabian nights
      518 25  -  POSTCARD FROM DUBAI By Ragip Erten Arabian nights, sunshine and cutprice shopping are luring tourists to Dubai, written off as a holiday destination during the Gulf War when most foreign visitors were soldiers. Camel safaris under the crescent moon, belly-dancers emerging from rolled up Persian
      518 words
    • Article
      MONEY CHANGER RATES
      151 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.350 1.360 Canadian dollar 1.536 1.546 NZ dollar 1.002 1.037 Sterling pound 2.8400 2.8600 US dollar 1.7630 1.7730 Local dollars to 100 units of foreign currency Austrian schilling 13.60 14.60
      151 words
    • TRAVEL SLICES
      • Article
        Eva Airways hopes to be best in region
        134 25 EVA AIRWAYS became Taiwan's second international air carrier when its maiden flight took off for Bangkok on Monday. "We will strive to make Taiwan one of Asia's major transport centres," a company spokeswoman said. "We won't be the largest airline in the
        134 words
      • Article
        Cathay Pacific adds 2 routes
        94 25 CATHAY PACIFIC has added two new routes to its schedule this month, according to Hongkong Travel Bulletin.CX, previously serving London only through Gatwick Airport, will now operate daily flights through Heathrow as well. This change comes only after 10 years of campaigning for the right
        94 words
      • Article
        Buying Americana by mail
        119 25 FOR curio-seeking visitors to the US who want to bring home some Americana with them, a small shop in New York has it all. Tucked away in the Soho section of the city. The Back Page is one of the foremost antique Americana stores. It carries
        119 words
      • Article
        Mudslides after eruption
        61 25 MUDSLIDES in the Pampanga province of the Philippines raged on Monday in the aftermath of yet another Mount Pinatubo eruption. The mild eruption shot ash 7 km in the air. Much of it landed in the nearby Balintawak and Porac Rivers, where it accumulated and rumbled like
        61 words
    • Article
      WORLD TRADE EXHIBITIONS
      82 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel July 2-6 International Buenos Aire* CAMIDA-lnJusli- *****|820 \ug ?4-28 Cosmetics Netherlands Koninklijke ********** Exhibition of lal Chamber i»f Perfumery Trade Nedertandse Sportware Spot l ware Exhibition Jaarbeurs Accessories \0LCv»ones Aug 24-27 International Germany Offenbacher ********** July 14-21
      82 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      42 25 Bud, you'll be a lot wiser when you learn about Finnair's New route. A superb twice-weekly service from Singapore direct to Helsinki and a daily connection non-stop to the Big Apple. Call *****77 for details. We know Europe from start to Finnish.
      42 words
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      Page 25 Advertisements Column 2
      42 25 This is a place where there is something for everyone. From food to stamps to Italian cooking lessons. Where is this local paradise? Find out in HyBB3M Thp New Paoer todav The latest news and much more.! From lunch-time. Monday to Saturday.
      42 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      275 25 1 Flannel and the cleanser on maybe (4,4) 5 Run wild and demand the j—Vß— President's resignation I I I oxygen garrison hospital, certainly 10 Opposed to being em- braced by a dental surgeon Vl 11 British and American sol- ■■"TBB diers endeavour to find records office (8) 12 To
      275 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      209 25 Singapore Outlook: Showers over several areas in the afternoon. Report: Maximum temperature 32.2* Assoc humidity 53% Minimum temperature 24.0* Assoc humidity 83% Hours of sunshine 5.00 Rainfall in mm Trace Rainfall this month Trace Rainy days this month 0 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 16/09 Windy Bangkok 34/25 Showers
      209 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      23 25 LTkiff ATWTlTffffji I'LL G'v/C WW J, JONE.S IS BftCK FffC™ "fat CUSTODY HIS moudavYS TODAY.... ua.coroe.... C EVENING STANDARD CO LTD IMMMI -t-
      23 words
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  • Article
    Devaluation of rupee will help to curb imports
    521 26  -  Move also aims to make India's exports more competitive By S N Vasuki BANKERS and businessmen in Bombay told BT yesterday that the cheaper Indian rupee following Monday "s devaluation will help in curbing the country's imports and make exports more competitive
    521 words
  • Article
    Lock icon Philippines to auction off bank
    130 26 Reuter MANILA The Philippines will auction off state-owned Republic Planters' Bank (RPB) in October as part ot its programme to transfer gov-ernment-held assets to the private sector, the Asset Privatisation Trust (APT) said. Associate executive trustee Paterno Bacani told reporters the bidding base price was
    Reuter  -  130 words
  • Article
    Adverse effect for S'pore in short term
    475 26  -  By Schutz Lee MONDAY'S devaluation of the Indian rupee against the major currencies will adversely affect Singapore's trade with India and Indian tourist arrivals, at least in the short term. In the long run, however, those with business interests in India here say
    475 words
  • Article
    Lock icon Japanese increase their holdings of non-US bonds
    194 26 Reuter TOKYO Recent stagnancy in domestic stocks and bond markets has led Japanese investment trusts to increase their holdings of overseas bond-*, portfolio managers say While the trend is about a vear old, it is seen to be accelerating. Overseas bond invest ments
    Reuter  -  194 words
  • Article
    Lock icon Taipei to seek technology transfers from Tokyo
    132 26 Reuter TAIPEI Taiwan, anxious to cut its ballooning trade deficit with Japan, will send a high-level mission to Tokvo this month to seek transfers of industrial technology. "Japanese technology is vital to upgrading the international competitiveness ot 'our industry," an Economics Ministry spokesman
    Reuter  -  132 words
  • Article
    Lock icon Insider trading rampant in HK recently: report
    225 26 AFP HONGKONG Insidei trading was atoot among major financial players here in recent weeks, as local interest rates went up. and then down, in a government engineered hid to help curb inflation, a semi-official Chinese agency charged. The Hongkong Chinese News Service (HKCNS)
    AFP  -  225 words
  • Article
    Mobil's hydrocracker more than halves payback period
    224 26  -  By Carolyn Lim MOBIL's US$lOO million (S$ 176 million) hydrocrackei complex in Singapore, which started up a year ago, is doing so well that it is repaying its cost in less than half the expected period. Instead of the originally forecast pay back
    224 words
  • Article
    BP director stresses govt role in energy markets
    378 26  -  By Lilian Ang GOVERNMENTS have a crucial role to play in energy markets, and should act to create an environment which is conducive for oil industry investments. The intervention should not, however, be in the form of detailed plans foi more regulation.
    378 words
  • Article
    Lock icon Petronas negotiating new contracts with S'pore refiners
    304 26 Reuter SINGAPORE Petronas. Malaysia's state oil company, is negotiating with Singapore refiners on renewing term contracts which expired at the end of last month for processing its domestic crudes in the Republic, say oil industry sources. Petronas is considering whether to maintain or
    Reuter  -  304 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      102 26 I" I rVUZZIF^EEIEEELZIl —II The Richness Of Leather Handmade To Perfection. !L u j.- 1 N S T 1 M H s TELEPHONE: 730-5771/5772/5773 FAX 4 49 a. *^H^Marin^nsurar^ Settling Recovery Agents has an immediate vacancy for an f EXECUTIVE OFFICER I to assist in all aspects of I claims
      102 words
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      Page 26 Advertisements Column 2
      320 26 I" I The Richness Of Leather Handmade To Perfection. noIKL VIKHIIUKN Now, a meeting paekage in Phuket that even your accountant would approve of. HTTP Imagine holding your ne\l meeting against the A,ffiSftflL l>a« kdrop of tin* Andaman N*a. Imagine taking time out T Irom all (lie hu»ine>> talk to
      320 words
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  • Shipping Times
    • Article
      UK shipbroker to open an office in Singapore
      337 27  -  By Rahita Elias LONDON-BASED shipbroking firm Simpson Spence and Young is expanding its international network of offices to include Singapore. Its local office, to start operations in the middle of this month, will be headed by general manager Chris Jones. For a
      337 words
    • Article
      Lock icon Hyundai leads South Korean car sales to eastern Europe
      447 27 AFP SEOUL South Korean automakers have already sold more vehicles in the former East Bloc this year than in all of 1990, with Hyundai Motors taking the largest piece of the pie, officials said last Saturday. The local automakers have sold
      AFP  -  447 words
    • Article
      Lock icon NYK buys 3 UK forwarding firms
      179 27 AFP TOKYO Nippon Yusen KK (NYK Line) said yesterday it had purchased the stock and real estate-related assets of three member companies of the UCI group, a British physical distribution enterprise, for about nine billion yen (S$ 114 million). The three member companies of
      AFP  -  179 words
    • Article
      Lock icon Bulk carrier feared missing found
      216 27 AFP PERTH A Hongkong-reg-istered bulk carrier feared missing off the Western Australian coast was located yesterday less than an hour after a search was launched. A spokesman for the Air Traffic Controllers' Union, David Mac Lean, who was coordinating the search at Perth airport, said
      AFP  -  216 words
    • Article
      INDEX TO ADVERTISERS
      1185 27 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Aeropak Express 9 5 AFS 15 2 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3 A.P.C. Lines 13 5 A cWarehousing 15 4 Asian Break-Bulk 16 3 ASXCLShpg
      1,185 words
    • Article, Illustration
      Pasir Panjang extension finished ahead of schedule
      415 27  -  By Magdalene Phang WORK on the western extension of the Pasir Panjang Terminal (PPT) has been completed three-and-a-half months ahead of schedule. This was disclosed in the Port of Singapore Authority's monthly newsletter Portview. With the completion of the project in early April,
      415 words
    • NEWS SUMMARY
      • Article
        Airbus eyes a bigger market
        26 27 Steven Greenhouse ends his two-part feature on the European aircraft consortium that is posing a serious threat to Boeing Page 2
        26 words
      • Article
        Sprint sets new rules on billing for '900' calls
        42 27 on billing for '900' calls US Sprint Corp, the nation's third-largest carrier of longdistance telephone calls, said oft Monday that it would not handle billing for certain new "900"-number pay-per-call services Back Page
        42 words
      • Article
        Delta Air keen to buy parts off Pan Am
        65 27 DELTA Air Lines said that after taking a long look at Pan American World Airways, it wants parts of the troubled carrier but not the whole thing. Pan Am had said previously it did not want to sell any more assets,
        65 words
      • Article
        UAL expected to do better in 2nd quarter
        32 27 UAL Corp's United Airlines chairman Stephen Wolf said that second quarter results would be substantially better than those in the first quarter. Back Page
        32 words
      • Article
        ANA, Virgin start flying from Heathrow
        46 27 THE Japanese All Nippon Airways (ANA) and British Virgin Atlantic Airways began regular flights out of London Heathrow airport on Monday as a decision by the government to liberalise use of the biggest British air hub took effect Back Page
        46 words
    • LOG BOOK
      • Article
        Salvador workers on strike
        91 28 RIO DE JANEIRO Port workers at Brazil's key cocoa shipping port of Salvador began a pay strike, halting activity at the port, the Estado news agency reported. Estado also said 80 per cent of port workers at Ilheus, another cocoa port south of Salvador, had joined
        91 words
      • Article
        Freight rates to rise for Intra-Asian trade
        82 28 FREIGHT rates from Singapore to Hongkong, Taiwan, Japan and Korea will be raised by US$5O per 20-foot container and US$lOO per 40-foot box with effect from July 15. This was agreed at a meeting held in Singapore on June 21. The 18 shipping
        82 words
      • Article
        Change in radio frequency
        38 28 SOME frequencies used by the Singapore Coast Radio Station and Ship Radio Station has been changed with effect from July 1. This is in compliance with a United Nations regulation on worldwide radio communications.
        38 words
      • Article
        Lufthansa plans legal action
        76 28 FRANKFURT Deutsche Lufthansa AG, the state-owned airline, said it is considering legal steps to cut the rising fees it must pay for air traffic management which is causing costly delays. Juergen Weber, who will become management board chairman of Lufthansa on Sep 1, said in a
        76 words
      • Article
        Bridgestone Europe unit opens
        72 28 TOKYO Bridgestone Corp said its Brussels-based European subsidiary Bridgestone/Firestone Europe SA has begun production of Bridgestone-brand radial car tyres at its plant in Bethune, France. Output will be 180,000 tyres in calendar 1991, 580,000 in 1992 and 860,000 in 1994, for marketing through Bridgestone/Firestone's distribution network
        72 words
      • Article
        Ship collision off Ulsan port
        70 28 LONDON The Brazilian ore/oil carrier Jose Bonifacio and the British bulker Star Lily were in collision off the South Korean port of Ulsan, Lloyd's Shipping Intelligence Service said. Both vessels sustained damage and are anchored off Ulsan. The 270,358 dwt Jose Bonifacio was heading for
        70 words
      • Article
        Poland seeks barter deal
        45 28 LONDON Poland is seeking to export 1.5 million tonnes of cereals, mostly wheat and rye, to the Soviet Union, Agriculture Minister Adam Tanski said. "We are trying to arrange a barter deal," Tanski said, adding cereals could be exchanged for fertilisers.
        45 words
    • Article, Illustration
      Lock icon Airbus eyes a bigger market
      1294 28  -  Steven Greenhouse ends his two-part feature on the European aircraft consortium that is posing a serious threat to Boeing Steven Greenhouse NYT Airbus expects to produce 200 aircraft a year beginning in 1993, compared with just 28 in 1986. Its order backlog of 990 aircraft,
      NYT  -  1,294 words
    • Article
      Lock icon WEEKLY FREIGHTS
      457 28 AFP SIGNS that the Soviet Union was entering the dry cargo market following the recent US decision to grant Moscow US$l.5 billion of export credits helped keep freight rates steady over the past week. The Baltic International Freight Futures Exchange (BIFFEX)'s Baltic Freight Index finished the week unchanged
      AFP  -  457 words
    • Article
      THE SHIPPING GUIDE
      11041 36 This is a list of ships loading Tali at Singapore for ports around the world. It tabulates, by 2 /3 destination, the name of the Eve ship, the shipping line in- EC volved and the estimated dates of arrival and departure 4 from the Port of Singapore.
      11,041 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        586 43 tert Voy No Berth Armal Departire Vessel Voy No Berth Arrival Departue Marina Terminal 1 Batam Maiu *****1 M04 alongside 03.07/0500 Batam Sayang *****1 M04 alongside 0207/2300 Hopewel 9106 M03 alongside 03.07/1200 Kabaniahe B25/91 M03 alongside 02.07/2300 Mahkota Eip *****1 M04 alongside 02.07/2300 Pettim XX 4/91 M02
        586 words
      • Article
        CONTAINER SCHEDULE
        898 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Bootatf/Batance Rifts Ship Voy No Etb/Btr Period From To From Ace Concord 21W 05/0400 4 03/1200 03/1459 03/1700 ACX Uy 1IB 04/0100 1 02/1500 02/1659 02/1900 2 02/1700 03/0659 03/0900 ACX Lotus 13A 05/1500 4 03/1200 03/1459 03/1700 Aka
        898 words
    • Article
      Lock icon Sprint sets new rules for billing for '900' calls
      422 44 NYT NEW YORK US Sprint Corp, the nation's third-larg-est carrier of longdistance telephone calls, said on Monday that it would not handle billing for certain new "900"-number pay-per-call services. The company said that under its new guidelines, "900" services that sell
      NYT  -  422 words
    • Article
      Lock icon UAL expected to do better in second quarter: chairman
      321 44 Reuter ORLANDO, Florida UAL Corp's United Airlines chairman Stephen Wolf said that second quarter results would be substantially better than those in the first quarter. Mr Wolf said on Monday the "second quarter would be substantially better than the first quarter
      Reuter  -  321 words
    • Article, Illustration
      Lock icon ANA, Virgin Airways start operating from Heathrow
      195 44 AFP LONDON The Japanese All Nippon Airways (ANA) and British Virgin Atlantic Airways began regular flights out of London Heathrow airport on Monday as a decision by the government to liberalise use of the biggest British air hub took effect. ANA, which was
      AFP  -  195 words
    • Article
      Lock icon Delta Air keen to buy parts of Pan Am's assets
      474 44 AP NEW YORK Delta Air Lines said that after taking a long look at Pan American World Airways, it wants parts of the troubled carrier but not the whole thing. Pan Am had said previously it did not want to
      AP  -  474 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      27 27 Lines and services represented by Members of the Registry of Accredited Shipping[*gf4Sl|Vl Agents, Singapore National Shipping Asso- Sj ciation. For advcrttsinß enquiries, contact Shipping Times Tel 740-20X9/740-2090
      27 words
    • Advertisement
      Page 27 Advertisements Column 2
      218 27 mWL IL# it RT HhXmkMßk WHet- PP Wl=W Lit. iffiiHj The Straits Times Wfeekly Overseas Edition. Acrisp summary of happenings in Singapore. Politics, the economy, investment opportunities And snippets on Malaysia and ojS%&>jL Asean. A convenient tabloid delivered Hasli. toyoueverywed<,whereever you may be. Subscribe now. o<v0 <v And be in
      218 words
    • Advertisement
      Page 27 Advertisements Column 3
      28 27 Container Schedule 17 Datfy Fraghts 3 index to Advertisers 1 Shipping Guide 10,11 Ships in Port 17 Singapore Tries 17 Weather and Sea Condtoons 17 Weekly Froghts 2
      28 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      97 28 <^*»*( y i>«'??y 'v It could be a controversial deal between two stock I 1/ market stars, a thought-provoking report by L_ml university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is
      97 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      2324 29 200 Cantonment Road #12-05 Southpo.nt, Singapore 0208 All IF/ Tel *****11 TELEX NO RS ***** WC*ff«a TERMINAL/CFS Tel *****18 220 rßmflfl'l BOOKINGS Tel *****34 258 L Vmf M PCSAKA SHIPPING AGENCIES SDN BHD PORT KELANG TEL *****18 NO MA*****/MA***** PEMANG TEL *****4 TELEX NO MA***** CFS TEL *****6 n. ..1
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      1915 29 DAILY FREIGHTS DRY CARGO freight futures on Monday continued to ease in the traditional summer lull, with the market tone generally quiet ahead of Thursday's US July 4 holiday. The Baltic Freight Index was marked down four points to 1.699, with the US Gulf/Japan grain route declining further to USS2B
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      1548 29 ■□cmsama TWO SAILINGS PER WEEK TO NORTH ASIA SINGAPORE/HONG KONG 4 DAYS: ETO WEEKLY TOESOAY AND WEDNESDAY SINGAPORE/KOSE 7 DAYS VatMl Voy ETA I ETD 'Port "Pecans Singapore K*.ng DESTINATIONS This week Man* Maersk 9106 tmmnmr hv 9/7 MOO MRS M Pino CFS 8/7 m* HR3 OAK LGB HOU MEM
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      1209 30 Irottedam/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE LA SEINE 19/126 3/7 25/7 23/7 22/7 BREMEN EXPRESS 03/326 7/7 24/7 26/7 29/7 30/7 IBIsMHV HONGKONG EXPRESS 02/127 11/7 1/8 30/7 29/7 1. ALL WUTtOUKO F. KAGA 19/327 13/7 31/7 2/8 5/8 6/8 KOMM «JOIMW CAMO KURAMA 11/128 17/7
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      704 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I 2304E 5/7 18/7 20/7 30/7 AISO ACCEPTING CARGO VIA SUVA TO: lAUTOKA. PAGO PAGO. APIA 4 NUKUAIOAFA DIRECT CHILE SERVICE SIN IQQ ANF VAP CLX STO (PERU) SEASPAC I 2304E 5/7 12/8 13/8 19/8 20/8 18/8 Agents SINGAPORE: *****11 Jardine
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      1580 30 ESI BtOMASMM &SRS HNHi regular independent full container service WESTBOUND F6R EUROPE VSL/VO* SM AIG BCL HAM BRE ROT ANT FEL LHA (VIA (MA (MA ALG) HAM) ROT) NORASIA SHARJAH 9117-3 07/07 29/07 31/07 01/0* 02/08 03/08 04/08 05/08 06/08 NOR ASIA MUBARAK 9118-3 12/07 02/08 04/08 07/08 08/08 09/08
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      2107 31 SsSteamers Maritime Holdings Ltd Wrf P&O I pi IV STRA|TS SH,PP NG I Containers sa MI ¥oy Ns Pen/+r« S'por* Mf Sou Art *o( Hb| IMS MAfDSK SIM 2J/06 01/07 03/07 11/07 21/07 72/07 24/07 ACCEPTS OH SMS OSAKA BAY 0536 2S/0C 01/07 00/07 23/07 2S/07 27/07 CMCO LAUST MA£RSM
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      2680 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS Kssn voy v [kuc [75 ASIA VENTURE ~7 Sd Sd mam moon "u "si "si 1 koushun "12 ih 1 1 T trono "77 1 "ad ORANGE OCEAN "101 5/7 57? 1 1 COSMIC LEAOE* 1 7/7 577 1 1 TWNKLE
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      548 32 CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE Wl/WY fsTCK MMM/ADAM H'BURG BREMEN WT*Etf SftIWUATA 32K8 1-4/8 3/9 9/9 12/9 14/9 KUTM/23W8 1/9 4/10 13/10 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sub|*cl to Inducement Atao accepting cargo to Caeablanca. Port Said. Port Alexandria. Genoa. Trieste. ALSO ACCEPTING BOTH
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      996 32 'Mj HANJIN SHIPPING S'pore lEH RTM ANR HAM BRV FEL FEEDER VSI SIN LINE HAUL LGB OAK HANJM OAKLAND 013W 3/7 20/7 21/7 22/7 22/7 23/7 24/7 HANJW SINGAPORE 002E 3/7 DWECT 22/7 25/7 HANJIN HAMBURG 006* 7/7 25/7 26/7 27/7 27/7 29/7 30/7 HANfIN LONGBEACH 034E 17/7 DKECT 6/1
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      1322 32 Im SCP WG MS uc m WT o» N6Y sw no uu cw Ml nycuw «M n Df HKPSoaana I I GOmi 0£0«0 3/7 4/7 J/7 10/7 12/7 15/7 17/7 IJ/7 20/7 21/7 22/7 1/1 13/1 15/1 lt/l 25/1 20/0 27/1 2J/I 7/0 10/0 20/1 I I GKFT 033 10/7
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      2042 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 ICR NO: **********0E) BOOKINGS: NEPTUNE LINK TEL: *****00 ./O USA SERVICE-*****16 TERMINAL OFFICE-*****22 UK/EUROPE SERVICE-*****19 DOCUMENTATION DEPT: *****44/*****14 AUST/INDIA/PAK SERVICE -*****18 CFS: K27 EXPORT: *****53/*****04 FAR EAST SERVICE -*****48 CFS: K27 IMPORT: *****69/*****50 BE neplinesonbhdMalaysia ICL.-(03) *****33, P. Kelang-<O3) *****87. Penang-(04) *****0. J.Bahru-(07)
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      1167 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 CONTAINERSHIP SERVICES EASTBOUND—OBCHMtGWG WCSTBOUND-lOADUG TRANSHFPED VIA ROTTEKDAM WC VOY fKL HBG BHV m "WTKI WfT BCI VESSEL
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      1904 34 K "W 3P"AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W W m.TVI TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 M MALAYSIA: *K" LINE MARITIME (MALAYSIA) SDN BHD I JtL WLt MmJt JL M-J TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN KAISHA LTD INDONESIA: P.T.
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      779 34 ym PHIU-ORICNT UN€S PTC LTD '06 ROBINSON ROAD 907 00 GMG BUILDING SINGAPORE 0106 X TEL *****22/*****69/*****00 TELEX RS ***** PHILI FAX *****76/*****38 iT&tf BY air, land or sea... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION JUL MONTREAL. 6 JUL DUBAI. DAMMAN, SHARJAH. DOHA,
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      470 34 ™^■MB■■■■M /V-^ T GOLDEN LINE A GUAN GUAN SHIPPING (PTE) LTD 23. Telok A*er Street SINGAPORE 0104 TEL: *****88 (10 LINES) FM: *****04 (CR No **********0W) STRAITS/PERSIAN GULP SERVICE i S'pott P. KeUaf Ptnani GOLOEN NONOa Cowibo Hirjcln/Outo 12/14 M Catt* HAVEN Coioraoo Mr** /Dub). 21/31 M CHINA SERVICE QMS
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      1459 35 PACIFIC INTERNATIONAL LINES (PTE) LTD B mm fc PIL Building, 140 Cecil Street #03-00, Singapore 0106. JAKARTA BANGKOK VESSEL VOY SIN JKT SIN 1 MAJAPAHIT 9110 5/7 7/7 VESSEL VOY SIN BKK SIN EQUATOR MAS lON 7/7 6/7 12/7 BUNQA TERATAI 273 7/7 9/3 14/7 PEGASUS PROGRESS 674N 5/7 8/7
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      1013 35 f BEN LINE CONTAINERS LTD A 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S 1 HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Komgan' 210 4/7 21A7 22/7 24/7 25/7 Nihon-t- 216
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      412 35 ym/m MYANMA WBm. FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'pore P.KI( Pen P.Gd| MYOMA YWA VI3CW In Pt HPAAN *164* 6/8 Jul MAGWAY V2IW «/10 Jul 12/14 M PAGAN Vl72* 15/17 Jul THE BANK UNI (A Mrvlc* ot Andrew Welr Shipping) Vr SEMI-CONTAINER SERVICE \1 HEAVY
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      714 38 TO AUSTRALIA/NEW ZEALAND ~vs [»> |Fr«n IkWb [iyd [*udi TSS |P CHAIN DCI(*O 274 22/7 29/7 57i 9/1 li/» w7» MA*THA 275 10/( l(/< 20/1 23/1 l TITS 175 luBThuEJgItS 2375"" joTi i 7» u/» TiTi MUSSEL 277 5/9 13/9 19/9 22/9 27/9 29/9 »7» TO USA/CANADA VSI S«i|apof« N.
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      1071 38 I OUTBOUND VOY PWL PNG IKT SIN HKG KAO KEE TYO SM2 NGO KOB~ VESSEL VOY 1 SIN I PKL PMC BLW Stl TSK MtLOOY 27 6 7 "17 5 7 12 7 16.7 17 7 11.7 EQUATOR PRPE 988 4.7 5 7 t.7 i ACX LOTUS 148 "1.7 4
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      Page 38 Advertisements Column 3
      1483 38 CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MALAYSIA'S AGENTS SINGAPORE'S GENERAL AGENTS KWNESA'S AGENTS: CHUNG CHIAO SHIPPING SON BHD COSTAR SHIPPING PTE LTD P T. GLOBAL PUTRA KL TEL: *****91/75 FAX: *****92 MARITIME t KLANG TEL 3M1106 I TU MA ***** Jg-j.lrm fM MMIIIMt raw -mum, mm«.« W£jhb M
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      1100 39 OKC CONVENTIONALBBRVICI Vt»i»l PKL PNG PG loadh| for A VESSEL 21/06 Rotterdam Antwerp CHINA FULL CONTAINER BCM VICE iml SGP PKL BKK HKG QIN SUA YANGfANGKOU 153 05/7 03/7 09/7 15/7 11/7 YANGFANGKOU 155 05/S 03 8 09/1 15/8 It/t Mm KC*tM| C|* Nr d dam* porti m NRG AUBTRAUA
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      330 39 Sf TEL: *****33 (12 Linos) m FAX: *****15/*****03 |fH) TELEX: RS ***** RISHIP (3 Linos) PL\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL I VOY ETA I LOADING FOR SPORE ANOINET 24W8 08 08 DARESSALAAM MOMBASA DJIBOUTI ASSAB. MASSAWA ABBAY WONZ 29W8 05/09 DARESSALAAM MOMBASA
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      625 39 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ETA ETA ETA SPORE PORT KEIANG PENANG Bll* lADE 10/7 6/7 (lumut) 5/7 loading tor Male NUVAI HUOHU 20/7 loading tor Calcutta DOIPMN 8/7 6/ j loading For Male PtONEE* SUPREME In Pt loading For Male DONAKIA.H 15/7 loaded Fo< Feliaaru PROGRESS
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      Page 39 Advertisements Column 4
      787 39 SYDNEY/MELBOURNE BANGKOK kmc. \wt tnm n» wa \tarn. Iww vmirm tmmm PLANETA 1050 >-10/7 22-24/7 26-28/7 NAOTA BHUM gjj fci PT 3/7 U\ t/7 m< BHUM liot 20-21/7 2-4/1 M/« MAHA BHUM 64W 4/7 Sun 7/7 PIAICTA 1251 S-10/7 22-24/7 26-21/7 NORO6CACH 02N Fri 5/7 Mm 1/7 KM BHUM#* 17N
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      1500 40 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL A LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SIN N PLY AUCK ITT PHOSKCT VI3S 6 Jul 16 Jul NPI 11 U
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      879 40 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAO #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****68 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO rOMVEMTIONAL/COMTAIHEB I CONTAINER 81BVICE9 SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vessel |»ov In* [pest vessel vot srott t.
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      391 40 NVOCC FRATA CONTAINER LINES ARE PROUD TO OFFER OUR COHSOLDATKJNS TO A WOER VARIETY OF PORTS. PORTS FREQUENCY/MTH ETA SM TKAKSIT TME AUCKLAND 3 SAILMGS 06/07 14 DATS BANGKOK 4 SAILINGS 10/07 3 DAYS CHITTAGONG 4 S/ULINGS 5 DAYS COLOMBO 3 SAILINGS 01/07 5 DAYS DUBAI (UAE) 3 SAILINGS 04/07
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      718 41 XET^^companl/^eruan^^^ W DE VAPORES V® "PERUVIAN STATE LINE" ACCEPTMG BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANt. ILO* fc OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADMG. Penanj* P. KeUnj Snjapore E'Msia KAMALEVEREn 11/13 M 14/16 Jul THOMASfVCTETT 19/21 Jul KMAMEVERETT 21/30 Jul 31 Jul/02 Au( "EVERETT ORIENT
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      Page 41 Advertisements Column 2
      510 41 wi Ivoy Isront Imaihhcr t8» Ikst |u» Iwyc Imfx 2M mucus 12K 1/7 OM SAVANNAH 27/7 S/l l/l 10/1 12/1 ZM KAOHSWNG 130( >/7 m CANADA 11/1 20/1 23/1 23/1 27/1 ZM AIEXAWMA K7C 12/7 2M CANADA 11/1 20/1 23/1 29/1 27/1 ZM SMBAPOK 401 25/7 ZM ITAUA 27/1 J/J
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      596 41 X MULTI-MODE SHIPPING PTELTDJ MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI DAMMAN SHARJAH DOHA MUSCAT BAHRAIN ABU DHABI BANDAR ABBAS lEDOAH FAR EAST ACCEPTING FCL/LCL PENANG. P KELANG JAKARTA BANGKOK HONG KONG TAIWAN JAPAN MANILA KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON. FELIXSTOWE LEEDS TILBURY ABERDEEN LE HARVE. HAMBURG ROTTERDAM ANTWEP GOTHENBURG COPENHAGEN I
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      604 41 IS PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY MELITA 15/91 IN PT 06/07 PRASETIA 177 A 04/07 07/07 PELOPOR 995 06/07 09/07 MELITA 17/91 09/07 12/07 PRASETIA 179 A 11/07 14/07 PELOPOR 996 13/07 16/07 TANTO UTAMA 175 05/07 08/07 TANTO
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      378 41 SIN FAI EAST 7/7 KEELUNG/KAOHSIUNG 7/7 BANGKOK 6/7 MANILA/CEBU 6/7 JAKARTA/BELAWAN/SURABAYA 6/7 PORT KELANG/PENANG/E. Malaysia 7/7 BUSAN 7/7 TOKYO/YOKO/KOBE/NGO/OSA 8/7 HONG KONG Si CHINA 8/7 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo Si EUIOPI/UK 8/7 LDN/FLX/LVP/SOU 8/7 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. si miumn 11/7 LOS
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      945 42 0 Straits Container Agencies (a member of Steamers Maritime Holdings Ltd) CONTAINER FEEDER SERVICE P.T. ANGKUTAN PERTAMBANGAN SERVICE VESSEL VOY S'PORE JAKARTA SURABAYA TAMBANG VIII 8514 04 JUL 06 JUL TAKARI IV 4100 04 JUL 07 JUL TAMBANG VII 7934 06 JUL 08 JUL TAKARI I 1718 08 JUL 10
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      606 42 SHIPPING CORP. SDN BHD [JKm PT KLAUS TEL: 03 *****06 |l Um| FUHTMII V VSC/ r»AK TEL 04 M»M SMI! TEL: OIMI4IM X SIIU TEL: DM-JIMM TUMI TEL OM-77M71 U TIL *****22 M KIICM TEL 182 *****3 M'SIA TO USA/CANADA CONTAINER SERVICE fTEDOt IWT I ftw I m law I
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      Page 42 Advertisements Column 3
      398 42 mtIAST-7/A/Ar AjO PENANG KL: allied-link SINGAPORE: 04-*****2 *****8055 778 6522(22 linesi SEES wDT Marina Onfl Susan Ng/Phlllp Kaa Irana Chang/Esthar Yap PLATOU PACIFIC >1 SHIPPING SERVICES V REGULAR FAR EAST -N. AMERICA BREAK BULK SERVICE OWNERS' REP OFFICE TEL: 222*111 SINGAPORE: FAX: *****59 HANSA HANSA RIGA V.028 BREMEN 8.030 SINGAPORE
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      373 42 MANILA ETA VIGOUR PACIFIC 40NB 6_7 VIGOUR SINGAPOUR 4NB 13/7 BANGKOK 6/7 13/7 BUSAN 5/7 13/7 HONGKONG 5/7 13/7 DORBAN/PT LOUIS 7/7 24/7 KEELUNG 7/7 14/7 USA. 8/7 15/7 PT KELANG 5/7 12/7 KOBE 7/7 17/7 PIRAEUS 12/7 22/7 OSAKA 3/7 10/7 JAKARTA 4/7 7/7 SURABAYA 5/7 12/7 CHINESE-POLISH I
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      351 43 vO c vO c \Oc vO c vO c Oc vO c U VAN OMMEREN CETECO GROUP U TRANSPORT DIVISION > V VOTAINER CONSOLIDATION SERVICES: n THE ONLY CONSOLIDATOR WITH WORIDWIDE NETWORK \J Weekly FCIACL Services To/From V J V USA EUROPE FAR EAST > BaMmoreVolalner Consolidation Services Hamburg: Van
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      Page 43 Advertisements Column 2
      646 43 JT MORE FREQUENT FLIGHTS WORLDWIDE ,^ggS^NEWZEALANO/fUI «ssa Jkt Mi "Pen *Bkk Sn S bayi Auckland Fiji(A) N Ptymouth(A) T«naru Lyttdton(B) Dwedn(B) Napier Wdfagton(C) Tm««i N Rochester/9115 29/6 1/7 1/7 1/7 In Pt 19/7 25/7 21/7 22/7 23/7 23/7 26/7 26/7 28/7 N Rouen/9116 9/7 11/7 11/7 11/7 13/7 16/7 29/7
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  • Page 43 Miscellaneous
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      293 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOIK 0000 0100 0200 0300 0400 0500 0(00 0700 0000 0900 *****100 1200 *************************M0 2000 2100 2200 2300 JR 2.1 2.7 2.9 29 26 2.1 1.5 10 06 05 0.5 0.7 12 1.7 2.1 2.3 2.3 2.1 1.7 1.3 1.0 0.9 1.0
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      801 44 CHARTPOINT Every Saturday in Business Times HYUNDAI "ERCHANT MARINE CO. LTD. EASTBOUNP FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC WORTH-WEST FEEDER VOY W W l« U* HAUL VOY IBM OAK St* LINE HAUE VOY TCM/SEA PTI MM HM 202 022 30/0 C 01/07 03/07 H. CHALLENGER 43E 29/07 01/01 04/07 TRANSWORLD
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      167 44 ■luiii-M PASIR GUDANG SINGAPORE 1 CONTAINER SERVICE Name Of Vessel: "JOSINDO SATU" PABIR GUDANG SINGAPORE "VOY ETA 2100 UK ETD 0700 (j>T EIA 1300 IBS "OIK 5/7 0/7 1/7 014S 1/7 1/7 »/7 015S 12/7 13/7 13/7 016S 15/7 11/7 W/7 017S l»/7 20/7 20/7 0115 22/7 23/7 23/7 01JS
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      612 44 CHARTPOINT Every Saturday in Business Times I "YOUR GATEWAY f TO MIDDLE EAST' g 1 Attention: Ship/Tanker E Owners/Shipping Lines g B We are based in United Arab Fmintfes, serving I B ports of Dubai, Jebel Ali, Abu Dhabi, Shaijah, B I Ajman, Rasal Khima, and Fujeirah. Have the expertise
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