The Business Times, 4 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 Thursday, July 4, 1991 75'
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  • NEWS SUMMARY
    • Article
      Drop in sales of new single-family homes in US
      57 1 WASHINGTON Sales of new single-family homes fell 3.3 per cent in May to a seasonally adjusted annual rate of 474,000 units, the US Commerce Department said. Sales in April were revised to a decline of 0.2 per cent instead of the
      57 words
    • Article
      Frankfurt probes insider trading
      27 1 FRANKFURT Frankfurt prosecutors are investigating four people in an alleged insider trading scandal on suspicion of tax evasion, spokesman Hubert Harth said yesterday.
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    • Article
      Cautious optimism
      27 1 THE OUTLOOK for the $2 billion computer industry in Singapore seems generally optimistic, though clouded by fears of high wage and space costs Page 2
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    • Article
      Barriers in Thailand
      37 1 THAILAND has become a dynamic exporter and importer in recent years, but some pockets of domestic industry are still highly protected against foreign competition, says the General Agreement on Tariffs and Trade Page 7
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    • Article
      US factory orders up
      25 1 ORDERS to American factories jumped 2.9 per cent in May, the second straight increase following five months of declines Page 8
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    • Article
      Call to cooperate
      30 1 SOVIET President Mikhail Gorbachev has warned representatives of the country's 15 republics that none will get Western aid if they don't increase their economic cooperation Page 8
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    • Article
      Asian dynamos hit
      38 1 THE RECESSION in the US and weak activity in other industrial markets, combined with rising labour costs at home, will hit growth this year in the export-oriented dynamic Asian economies, says the OECD Page 9
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    • Article
      Foray into fast food
      22 1 GOING into the fast food business has proven a logical extension for the Charoen Pokphand group Page 11
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    • Article
      Remick remembered
      23 1 LEE REMICK, who died on Tuesday, was as much admired for her acting abilities as for her bubbly attractiveness Page 13
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    • Article
      UK firm sets up base
      28 1 UK-BASED Sea Containers group has brought the management of all its Far East activities under one roof in Singapore. Shipping Times Page 1
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  • MARKETS SUMMARY
    • Article
      Dow lower
      35 1 WALL STREET stocks sustained a broad setback early yesterday, faced with renewed weakness in the Japanese market. The Dow Jones average of 30 industrials fell 32.65 points to 2,940.07 in the first hour.
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    • Article
      Footsie lower
      37 1 LONDON shares were slightly lower at midday yesterday as investors took profits on gains in the previous sessions. At 1115 GMT, the FTSE 100Share Index was down 3.2 points, or 0.1 per cent, at 2,457.0.
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    • Article
      Metro profits
      39 1 THE METRO group as a whole reported a rise in attributable profits to $8.1 million from $5.4 million for the year ending March in spite a drop in turnover to $362.6 million from $398.0 million. Page 3
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    • Article
      Danes buy into UP
      30 1 DENMARK'S largest edible oils processor has bought a controlling 31.7 per cent stake in United Plantations Bhd, one of Malaysia's major palm oil growers Page 3
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    • Article
      Ford to cut prices
      28 1 FORD of Britain is to reduce the prices of its main models in an attempt to kickstart the ailing UK car market. Page 5
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    • Article
      Banks keen on issues
      23 1 IN SPITE OF a slow start, competition among banks to finance new public share offerings remains keen Page 6
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Change BT-MGA 710.25 -10.41 Kuala Lumpur ....608.22 -5.28 Tokyo 23,373.47 -622.29 Hongkong 3,796.57 +23.66 Sydney 1,528.7 -14.4 Tuesday Change New York 2,972.72 +14.31 London 2,460.2 +16.6
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.7685 100 Yen SS 1.2687 MS SS 0.6331 Money market rates Overnight 4-1/2 -1 3-month 6-1/4% unch
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    • Article
      COMMODITIES
      38 1 London Gold AM fix US$367.75 +USS1.10 Rubber S'pore Aug 145.00«/kg -0.50 M'sia Aug 231.00*/kg unch KL Tin Turnover 25 tonnes +10 Spot MS 15.46 /kg -0.01 Crude palm oil Turnover 1,186 lots +583 July MS805 /tonne unch
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  • Article, Illustration
    Another round of interest rate hikes looks likely
    400 1  -  Interbank rates rising faster than anticipated By Chew Eng Han THE BUSINESS community may have to brace itself for another round of interest rate increases after being slapped with a half-point rise only two weeks ago. Interbank rates have been steadily rising
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  • Article
    Lock icon Scandal fears sweep Japan markets
    392 1 Agencies TOKYO Fears that the scandals involving major Japanese companies were just the tip of the iceberg swept through Japan's stock and foreign exchange markets yesterday. In a rumour-driven session, the benchmark Nikkei average shed 622.29 points, or 2.59 per cent, to 23,373.47 at the
    Agencies  -  392 words
  • Article
    Ringgit at record low against US$, S$
    144 1 THE Malaysian ringgit has slumped to an all-time low against the US dollar. At yesterday's close, the US dollar was quoted at 2.7925 ringgit. And one ringgit was worth 63.46 cents against the Ss, just off the all-time low of 63 cents last
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  • Article
    Lock icon India devalues rupee for second time in three days
    525 1 Reuter NEW DELHI India yesterday reduced the value of its rupee against the dollar by 11.3 per cent the second hefty cut in three days. Bankers said the new rate issued by the Reserve Bank of India (RBI) was 26.05 rupees
    Reuter  -  525 words
  • Article
    Lock icon Cambodia devalues currency
    121 1 UPI BANGKOK Cambodia, economically battered by its war with resistance forces, announced yesterday that it was devaluing its currency by 25 per cent against the US dollar. The official SPK News Agency said the Cambodian National Bank announced that the exchange rate for the US dollar has
    UPI  -  121 words
  • Article
    Lock icon Apple and IBM agree to share technology
    392 1 Agencies SAN JOSE Apple Computer and IBM. historic antagonists in the computer industry-, officially ended that bitter relationship yesterday with a broad agreement on sharing technology in the 1990s and beyond. Breaking their silence after weeks of speculation about talks between the two
    Agencies  -  392 words
  • Article
    Lock icon Japanese firms accused of dumping in US
    166 1 UPI WASHINGTON The US Commerce Department has announced that Japanese computer companies have systematically "dumped" word processors in the US at far less than their fair market value. The companies which include Panasonic parent Kyushu Matsushita Electric Co and Brother Industries Ltd could
    UPI  -  166 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      261 1 Cassette Receiver C Series FUJITSU TEN AMATEUR PHOTO STORES PTE LTD. Singapore Phone 235 1333 Kuala lumper: Phone 757 0233 Pcnang: Phone 615 985/619 014 Jakarta: Phone 374 085/380 1472 Ad Marketing 14 Money Changer Rates 25 Weather 25 Aircraft Schedule 25 Money Market 23 World News 8,9 Commodities 24
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      Page 1 Advertisements Column 2
      21 1 Rodenstoch W /A FOR THE UPS AND DOWNS OF THIS SPORTING LIFE H6OI-5480 SCDCO INSIST ON SfINO S INTiMMATIOMAL 6UAMNTK CCRTIrICAff
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Five petrol companies lower pump prices
        86 2 PETROL prices were down at almost all stations last night, due to the lower spot prices of petrol. A litre of petrol now costs 2.5 cents less. Last night, the five petrol companies Shell, Esso, Caltex, Mobil and BP revised their pump prices downwards.
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      • Article
        Course on ISO 9000
        127 2 PHILIP CROSBY Associates, with experience in the quality management consultancy field, will host a two-day course on the ISO 9000 international quality benchmark this month. The ISO 9000 series of quality standards was set by the International Standards Organisation in 1987 and has since been adopted
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      • Article
        Communications products
        61 2 A THREE-DAY exhibition showcasing new British sound and communications products will be on from July 10 in Singapore. Called Pro-Audio Asia, the 21-member group was organised by the Sound and Communications Industries Federation, supported by Britain's Department of Trade and Industry. Highlights include a multi-function digital audio synchroniser
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    • Article, Illustration
      Computer industry generally optimistic
      362 2  -  By Michelle Low THE outlook for the $2 billion computer industry seems generally optimistic, though clouded by fears of high wage and space costs. Despite initial fears of a below-20 per cent growth rate for the local computer industry this year, an April/May survey by the
      362 words
    • Article
      Keppel, Singmarine raise retirement age
      327 2  -  By Dexter Lee LISTED Keppel Shipyard and Singmarine Industries have become the first shipyards to raise the retirement age of their workers to 60 years, and unlike a Singapore Airlines' subsidiary, the extension is unconditional. Last week, Singapore Airport Terminal Services also adopted a retirement
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    • Article, Illustration
      Sales of intelligent control systems on the rise
      331 2  -  By Elaine Koh THE trend in Singapore towards intelligent buildings is giving a boost to the sales of intelligent control systems, which are expected to hit $40 million this year. This was disclosed in a speech by Dr Tan Swan Beng, chairman
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    • Article
      NTUC lauds possible three-month bonus
      250 2 WELCOMING the government's notice that civil servants may get a total bonus of three months or more this year, the National Trades Union Congress has described it as a "good lead for the private sector". Private sector unions have applauded the government's decision to pay
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    • Article
      Entrepreneurs urged to join forces and go global
      237 2 ENTREPRENEURS can face up to business risks by joining forces to form bigger units, not just locally but internationally too. This entrepreneurial spirit of a higher order may help Singapore's home-grown enterprises to acquire better skills and knowledge via cooperation and collaboration,
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      453 2 Innovation Technology in BT every Tuesday [■■■■■■■NTRANSMARCO I TRANSMARCO LIMITED I (Incorporated In The Republic Of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company will be held at 65 Chulia Street. #33-00 OCBC Centre. Singapore 0104 on Friday. 26 July
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      Page 2 Advertisements Column 2
      866 2 h—^TRANSMARCO I TRANSMARCO LIMITED I (Incorporated In The Republic Of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting of the Shareholders of the Company wil be held at 65 Chulia Street #33-00. OCBC Centre. Singapore 0104. on July 26.1991 immediately after the conclusion
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article, Illustration
      Construction, fashion arms pull down Metro profits
      411 3  -  Transmarco's performance hit by Gulf War By Hong Lee Tiam THE FASHION and construction businesses were the Metro group's albatrosses last year. Metrobilt Pte Ltd, the construction arm, had to undergo major restructuring because of substantial losses. Despite having written off losses on
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    • Article
      Lock icon Gadek to buy firm for M$243m
      354 3 MBT KUALA LUMPUR Gadek (Malaysia), a rubber and oil palm-based group, has reached a conditional agreement for acquisition of the entire equity of United Straits Fuso (USF), comprising 30 million shares of M$ 1 each for M 5243 million in cash. D&C Mitsui Merchant
      MBT  -  354 words
    • Article
      Lock icon Yamaichi Securities plans to launch capital venture fund in Malaysia
      466 3 MBT KUALA LUMPUR Yamaichi Securities, the last of the Big Four Japanese securities houses to set up a representative office in Malaysia, wants to launch a capital venture fund as soon as possible to invest in local companies. "We are
      MBT  -  466 words
    • Article
      Crackdown in Malaysia next?
      380 3  -  MARKET TALK By Magdalene Ng IN TOKYO, Hongkong, and Singapore, financial authorities are cracking down on a range of financial misdeeds. Now, if the market talk is correct, the Malaysian authorities are about to join the club. Talk about prominent corporate newsmakers being implicated for insider
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    • Article
      Lock icon Danish firm buys major stake in Utd Plantations
      360 3 Reuter KUALA LUMPUR Aarhus Olie Fabric A/S, Denmark's largest edible oils processor, has bought a controlling 31.7 per cent stake in United Plantations Bhd (UP), one of Malaysia's major palm oil growers. UP officials said on Tuesday. Aarhus, through its whol-ly-owned unit
      Reuter  -  360 words
    • Article
      Lock icon MUI shares rise on stake disposal talk
      157 3 Reuter KUALA LUMPUR Shares of diversified Malayan United Industries Bhd (MUI) rose on active trading yesterday amid talk that property giant IGB Corp Bhd would dispose of its entire holding in the group, brokers said. Shares of MUI, with interests in property, banking
      Reuter  -  157 words
    • COMPANY BRIEFS
      • Article
        Trade winds' authorised capital raised to $30m
        36 3 SINGAPORE AIRLINES' wholly-owned subsidiary Tradewinds has increased its authorised share capital from $20 million to $30 million by the creation of an additional 10 million shares of $1 each.
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      • Article
        Foreign stakes in Tat Lee Bank
        43 3 TAT LEE Bank has announced that as at June 30, 1991, the percentage of foreign shareholdings in the bank's issued share capital was 7.89 per cent. The corresponding figure for Tat Lee Finance was 6.49 per cent.
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      • Article
        Kulim on acquisition trail
        104 3 KUALA LUMPUR Kulim (Malaysia) Bhd, the plantations group, has proposed to acquire a 25.03 per cent stake in Pacific Edible Oil Industries Sdn Bhd and a 33.71 per cent interest in Industrial Packaging Sdn Bhd. In a statement yesterday, Kulim said it proposed to acquire PEOI
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      • Article
        Esso to install 3 new platforms
        71 3 KUALA LUMPUR Esso Production Malaysia Inc, a production sharing contractor to Petronas, will install three new platforms, estimated to cost more than MSSOO million, offshore Trengganu next year. The company said in a statement yesterday that the three unmanned satellite platforms Seligi E, Seligi
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      • Article
        Nod for Granite acquisition
        152 3 KUALA LUMPUR Granite Industries Bhd yesterday announced that the Foreign Investment Committee had approved its proposed acquisition of 4,845,000 ordinary shares of MSI.OO each representing 51 per cent of the issued and paid-up capital of Harta Bumi Sdn Bhd subject to a number of conditions. It
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      287 3 1 The MOST comprehensive digest directory for I the business traveller. I ENLARGED UPDATED 2nd EDITION HUNDREDS OF NEW BUSINESS CONTACTS US$l7 or HKSI32 inc I post A packaging (Payable to This is Vietnam.; AMEX accepted Address: This is Vietnam. #38, 3 South Bay Close. Hong Kong. Fax orders: (852)
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  • REGIONAL COMPANY NEWS
    • Article, Illustration
      Dharmala sees financial services as growth area
      470 4  -  By William Chia SINGAPORE Diversified Indonesian conglomerate Dharmala has targeted its financial services division as one of the group's fastest growth area. President director Suyanto Gondokusumo said that the expansion of the group's financial services division which includes banking, life and general insurance
      470 words
    • Article
      Bangkok delays Hopewell decision
      340 4 BANGKOK The Board of Investment has put off its decision to grant Hopewell Holdings privileges for the land and property development aspects of its suburban railway and overhead expressway, the Bangkok Post reported. 80l Secretary-General Chira Panupong said the project was not on the agenda of
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    • Article
      Lam Soon HK to list its food unit
      287 4 HONG KONG Lam Soon (Hongkong) plans to raise more than HK567.4 million (SSIS.4 million) gross through the listing of subsidiary Lam Soon Food Industries, the South China Morning Post reported. The company said on Monday night it planned to offer 79.72 million
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    • Article
      Lock icon NBH Peko to buy huge Aussie uranium deposit
      194 4 Reuter SYDNEY Pancontinental Mining Ltd yesterday said North Broken Hill Peko Ltd will buy 100 per cent of the large Jabiluka* uranium deposit in Australia's Northern Territory for Asl2s million (about S$ 169 million). Jabiluka is 65 per cent owned by Pancontinental
      Reuter  -  194 words
    • COMPANY BRIEFS
      • Article
        Two HK electronic firms plan flotation
        70 4 HONGKONG Two electronic firms here are planning to launch public share offers for their stocks, the South China Morning Post reported on Tuesday. Calculator manufacturer Truly International hopes to raise more than HKS6O million (S$ 13.7 million) through its public share offer. Benelux International,
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      • Article
        Go-ahead for Brierley scheme
        67 4 WELLINGTON Brierley Investments Ltd won approval from the Hongkong Supreme Court to take over Industrial Equity (Pacific) Ltd, but said a dissident lEP shareholder would appeal against the ruling. Aucklander Peter Cockle leads a small group of shareholders objecting to BlL's virtually completed bid for lEP,
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      • Article
        Telecom NZ unit wins job
        46 4 WELLINGTON Telecom Corp Of New Zealand Ltd said its wholly-owned unit Telecom Networks and International Ltd (TNI) has won a contract to upgrade Western Samoa's telecommunication network. TNI chief executive Don Sledge said "it is Telecom Corp's largest contract won overseas".
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      • Article
        Hamilton, BHP unit to merge
        56 4 MELBOURNE The Broken Hill Pty Co Ltd said a meeting of Hamilton Oil Corp shareholders in Colorado approved the merger of Hamilton with BHP's whollyowned BHP Holdings (USA) Inc. In February BHP launched a US$52B million (***** million) bid for the 49.9 per cent of
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      221 4 SWISSAIR ANNOUNCES THE FIRST SFACE-FUGHTS TO EUROPE To fly Business Class on our new Swissair MD-11 you xt entertainment is absolute service to Europe is to experience real space travel. Because state-of-the-art. The cabin doesn't have to be darkened there's more space than you would believe possible. More space jßk
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      Page 4 Advertisements Column 2
      39 4 3 DAYS DUBAI FR$l6lO 4 DAYS DUBAI FR$l69O 3 DAYS COLOMBO FR$BlB 5 DAYS COLOMBO FR$BBB PACKAGE PRICES INCLUDE: ACCOMMODATION IN 5 STAR HOTELHILTON, HYATT, LANKA OBEROI, TAJ. RAMADA RENAISSANCE. DAILY AMERICAN BREAKFAST TRANSFER AIRPORT-HOTEL- AIRPORT ARRANGEMENT OF VISA.
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  • INTERNATIONAL COMPANY NEWS
    • Article
      Lock icon Ford UK cuts prices to kickstart ailing market
      477 5 Reuter LONDON Ford of Britain, the UK subsidiary of US car giant Ford Motor Co, said it would reduce the prices of its main models in an attempt to kickstart the ailing UK car market. "It's a fair assumption the entire industry
      Reuter  -  477 words
    • Article
      Lock icon LA Gear gets commitments on credit from banks
      437 5 Reuter LOS ANGELES LA Gear Inc said it has received commitments for a restructuring of its credit agreement from all of the banks in its bank group. It said the terms of the agreement, which involves a reduction in the credit to
      Reuter  -  437 words
    • Article
      Lock icon Campeau units seek approval to sell stores
      121 5 Reuter CINCINNATI Federated Department Stores Inc and Allied Stores Corp, units of Canada-based Campeau Corp, have filed motions requesting the US Bankruptcy Court in Cincinnati to allow :them to sell 11 stores. The two companies said on Tuesday that they had received offers
      Reuter  -  121 words
    • Article
      Lock icon Brent Walker fails to remove George Walker
      359 5 Reuter LONDON Troubled British leisure company Brent Walker Group pic failed on Tuesday in a proxy vote to remove ex-chief executive George Walker from its board. A spokesman for the company, which is attempting a restructuring of its £1.4 billion (554.03 billion) debt,
      Reuter  -  359 words
    • COMPANY BRIEFS
      • Article
        Shell to lay off 10-15pc of its US workforce
        119 5 HOUSTON Shell Oil Co, a unit of the Royal Dutch/Shell Group, said it plans to lay off 10 to 15 per cent of its workforce, or 3,160 to 4,700 employees. Shell, which employs about 31,600 workers in the US, said the
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      • Article
        Occidental sells UK unit to Elf
        88 5 PARIS Occidental Petroleum Corp announced on Tuesday it has completed the sale of its British oil and gas subsidiary to France's Societe Nationale Elf Aquitaine for US$l.35 billion (552.39 billion). Elf Aquitaine will also take responsibility for about US$l3O million of bank debt, Occidental
        88 words
      • Article
        Banana boom in E Europe
        75 5 FRANKFURT Booming demand for bananas in Eastern Europe will account for about half of the sales growth in 1991 at Chiquita Brands International Inc. Guus Maussen, president of Chiquita Europe BV, said that growing demand from Eastern Europe accounted for about a third of 1990
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      • Article
        France's Salomon to diversify
        99 5 PARIS French sporting goods maker Salomon SA said it is looking to expand beyond ski and golf goods to give a boost to its turnover. "We have two strings to our bow with winter sports and golf. The third is not yet decided and is still
        99 words
    • Article
      Lock icon Marriott expects improved cash flow this year
      275 5 Reuter WASHINGTON Marriott Corp expects its operating cash flow before interest and taxes to significantly exceed US$6OO million (551.06 billion) this year, up from US$5B3 million last year. It said on Tuesday that this cash flow, coupled with an improving economy and moves
      Reuter  -  275 words
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        First commercial bank opens in Cambodia
        81 6 BANGKOK Cambodia's first commercial bank, a joint venture with Thailand's Siam Commercial Bank, has opened in the capital of Phnom Penh, Cambodian state radio reported. It said a ceremony on Monday at the headquarters of the nation's central bank inaugurated the Cambodian Commercial Bank.
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      • Article
        Nepal devalues currency
        93 6 KATHMANDU Nepal's central bank has announced it was devaluing the Nepalese rupee by 8 per cent against the US dollar following a devaluation of the Indian currency. In an official announcement over state radio, the Nepal Rastra Bank said the new rate would put Nepal's currency at
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      • Article
        Matif details Globex listing
        78 6 PARIS French futures and options exchange Matif said it agreed on a calendar for the testing and inclusion of its products on Globex, the after-hours trading system. Matif chairman Gerard Pfauwadel said the Paris exchange would take delivery of a system for testing on July 1,
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      • Article, Illustration
        Dollar$ & Non$en$e
        2 6 Dollar$ Non$en$e
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    • Article
      Banks still keen on financing new share offerings
      446 6  -  By Kooi Cho Teng DESPITE a slow start, competition among banks to finance new public share offerings remains keen. All the major banks surveyed by Business Times are not imposing any charges for unsuccessful applicants, a move clearly aimed to attract those
      446 words
    • Article
      First local head for Citicorp Insurance in S'pore
      340 6 SINGAPORE Citicorp Insurance Brokers, which completed its management buy-out in London recently, has appointed a new chief in the Singapore branch. Tony Seah, who is currently the deputy managing director of CIB here, has been appointed the managing director of the branch,
      340 words
    • Article
      Foreign firms tap S'pore offshore loan market
      446 6  -  By Quak Hiang Whai SINGAPORE Three major foreign companies are tapping the offshore credit market here with loans amounting to US$l43 million (***** million). From Thailand, agro-in-dustrial conglomerate Charoen Pokphand (CP) is planning to raise US$6O million to finance its general working capital
      446 words
    • Article, Illustration
      Thai bourse turnover up even as foreign investment falls
      564 6 THAILAND Foreign investment in the Thai stock market slumped more than 70 per cent during the first five months of this year, says the lastest report from the Bank of Thailand. However, turnover on the Thai bourse during the first half
      564 words
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      Page 6 Advertisements Column 1
      1532 6 UMBC Finance Ltd U M B C Incorporated in Singapore FINANCE WHOLLY OWNED BY UNITED MALAYAN BANKING CORPORATION BE OH AO BALANCE SHEET 4 loans and advances 1991 \m AS AT 31 JANUARY 1991 Loans, advances hire purchase and lease recsrvattes 103.727.008 110.462.980 Nate 31 Januaiy 1991 31 DnmNt 1999
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      Page 6 Advertisements Column 2
      8 6 Treat yourself to a more restful sleep >■ o
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  • THE REGION
    • Article
      Lock icon Thailand still protects some of its industries
      377 7 Such policies can impede development, Gatt warns Reuter GENEVA Thailand has become a dynamic exporter and importer in recent years, but some pockets of domestic industry are still highly protected against foreign competition, the General Agreement on Tariffs and Trade (Gatt) said yesterday.
      Reuter  -  377 words
    • Article
      Lock icon Bangkok's current account deficit soars
      247 7 Reuter BANGKOK Thailand's current account deficit widened sharply during January/May from a year ago after its trade deficit worsened, tourism earnings declined and remittances by Thai workers in the Mid-East plunged in the aftermath of the Gulf War. The Bank of Thailand said the country's
      Reuter  -  247 words
    • Article
      Lock icon More jobs the only way to stop migration to M'sia: Indon official
      192 7 Reuter JAKARTA Indonesia will have to provide more jobs if it wants to stem the flood of its people sailing to neighbouring Malaysia in search of work, a Manpower Ministry official said on Tuesday. At least 120 Indonesian
      Reuter  -  192 words
    • Article
      Lock icon Manufacturing sales in M'sia rise 21pc
      387 7 Bernama KUALA LUMPUR Sales by leading manufacturers in Malaysia rose 21.1 per cent to M 523.78 billion (S$ 14.98 billion) in the first four months of this year from M$ 19.63 billion in the same period last year, the Statistics Department said yesterday. Releasing
      Bernama  -  387 words
    • Article
      Lock icon Manila urged to woo foreign investors despite negative image
      182 7 AFP MANILA The Philippines should actively try to attract foreign investment despite a negative image overseas, Trade Secretary Peter Garrucho said here on Tuesday. Despite a spate of natural calamities, such as the eruption of Mount Pinatubo volcano, he said, "we
      AFP  -  182 words
    • NOTE BOOK
      • Article
        Visitors stay longer, spend more in Australia
        139 7 SYDNEY International visitors to Australia last year stayed longer and spent more money, figures out on Tuesday showed. Tourism Minister David Simmons said in a statement that total tourists here last year fell 34,000 short of the 1988 high of 2,249,300 visitors. Visitors
        139 words
      • Article
        Malaysia's CPI up 3.9pc
        95 7 KUALA LUMPUR Malaysia's consumer price index rose 3.9 per cent in the first five months of this year, compared with the corresponding period last year, the statistics department said yesterday. The increase was the result of increases in the indices of the main groups, the department
        95 words
      • Article
        Plea to drop computer taxes
        100 7 KUALA LUMPUR The Malaysian computer industry association, or Pikom, has asked the government to abolish sales tax and surtax on all computer products to promote greater usage of information technology. Currently, all hardware and software products brought into Malaysia attract a sales tax of 10
        100 words
      • Article
        Indon film groups protest again
        83 7 JAKARTA Indonesian film artists and employees met legislators for the second time in a week on Tuesday to protest against what they called imported films domination of the Indonesian market. In a meeting with the armed forces faction in Parliament, a 60-member delegation complained that
        83 words
      • Article
        Aussie pact with Soviet republic
        69 7 CANBERRA Australia's Overseas Telecommunications Commission has signed a deal to provide equipment and expertise to the Soviet republic of Kazakhstan. The five-year deal, signed this week, involves OTC's offshore marketing subsidiary, OTC International, and Kaztelecom, operated by the Kazakh Ministry of Communications. The agreement will
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      Page 7 Advertisements Column 1
      230 7 THE COMMANDMENTS OF STYLE. |gpiSK3s:-=s:*3esi| A I It should be borne in mind that"Dress makes the man, I the want of it the Jellow." For the "fellow" is often overdressed, 1 but never well-dressed Si A well-dressed gentleman never buys a suit without considering •u• s^rt T c k >iW
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      Page 7 Advertisements Column 2
      19 7 i J Jb i|j I I f||Mi| ai y fcrtan i j^I m m SP^JJP Bp fc i ?SWR'
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  • THE WORLD 1
    • Article
      Lock icon US factory orders up for second straight month
      492 8 2.9pc rise seen as another sign of recovery AP WASHINGTON Orders to American factories jumped 2.9 per cent in May, the second straight increase following five months of declines. In the latest report suggesting a recovery in the industrial economy, the US
      AP  -  492 words
    • Article
      Lock icon Tough time for US building firms in Japan
      335 8 AP TOKYO American construction companies face stiff competition from experienced local firms in bidding for Japanese public projects recently opened to foreigners, a construction industry leader said on Tuesday. "Steady and continuous efforts and enthusiasm will be needed on the part of
      AP  -  335 words
    • Article, Illustration
      Lock icon Gorbachev to republics: Let's cooperate
      457 8 AP MOSCOW Soviet President Mikhail Gorbachev has warned representatives of the country's 15 republics that none will get Western aid if they don't increase their economic cooperation. "We can and must preserve our market... which the entire world wants us to do," he said on
      AP  -  457 words
    • Article
      Lock icon S Korea has fastest rise in pay
      143 8 Bernama-Yonhap SEOUL South Korea had the fastest rising wages in the world between 1985 and 1990, climbing 25.2 per cent a year on a US dollar basis, the Korea Trade Promotion Corp (Kotra) cited a US Bureau of Labour statistics report as saying
      Bernama-Yonhap  -  143 words
    • Article
      Lock icon Cyclical index may point to UK turnaround
      421 8 Reuter LONDON Revisions to Britain's longer leading cyclical indicator tomorrow could underscore its apparent turning point between April and October last year, indicating the economy is due to pull out of recession soon. Economists said that although the leading index never moves the
      Reuter  -  421 words
    • Article
      Lock icon World slowdown will hurt leading Asian economies
      558 9 Reuter PARIS The recession in the US and weak activity in other industrial markets, combined with rising labour costs at home, will hit growth this year in the exportoriented dynamic Asian economies (DAEs), the OECD said yesterday. The group, comprising South Korea, Taiwan,
      Reuter  -  558 words
    • WORLD WATCH
      • Article
        Group sees German growth being halved
        107 9 BONN The German Federation of Chambers of Commerce (DIHT) has predicted that Germany's trade surplus, one of the main planks of economic growth in the 1980s, will be halved this year. The DIHT also said on Tuesday that Germany's current account would be roughly
        107 words
      • Article
        Poehl warns of inflation danger
        98 9 BONN Bundesbank president Karl Otto Poehl has warned that inflation in Germany early next year will be more than 4 per cent, and will further encourage pay rises that are already "highly alarming". He also told the federal government and Laender (states) on Tuesday that
        98 words
      • Article
        UK reserves surpass forecast
        90 9 LONDON British foreign exchange reserves rose by US$593 million (551.05 billion) last month because of foreign contributions to the British effort in the Gulf war, the Treasury said on Tuesday on the basis of seasonally-corrected figures. Analysts had forecast that reserves of gold, foreign exchange and
        90 words
      • Article
        Beijing nod to more projects
        79 9 HONGKONG China approved 3,059 foreign-funded projects in the first four months of this year, a 90 per cent rise over the same period last year. They involved investments worth U553.26 billion (555.77 billion), the official Xinhua news agency quoted Yu Xiaosong, the director of foreign
        79 words
      • Article
        Chinese rubbish woes piling
        68 9 BEIJING More than 70 billion tonnes of rubbish are piled up in the suburbs of China's cities because the waste-recycling industry is not advanced enough to process it, the China Daily reported yesterday. It quoted an official source as saying unprocessed refuse already covered an area
        68 words
    • Article
      Lock icon S'pore expected to face continued slowdown
      88 9 AFP PARIS Singapore is likely to face a continued economic slowdown this year, with labour shortages constraining output growth and triggering wage pressures, making its exports less competitive. The OECD said yesterday that Singapore's refineries had benefited from the Gulf war, but the gains
      AFP  -  88 words
    • Article
      Lock icon Post-war spending bonanza in Gulf not likely
      242 9 OECD ECONOMIC OUTLOOK REPORT AFP PARIS The growth of Opec markets for goods exports from Western industrial nations and Japan may be "modest" in 1991-92 in spite of the aftermath of the Gulf war, the Organisation for Economic Cooperation and Development (OECD) said.
      AFP  -  242 words
    • Article
      Lock icon Japan poised for 3.5pc growth up to end-1992
      409 9 Reuter PARIS Japan appears set for 3.5 per cent year-on-year growth and a substantial widening of its trade surplus up to the end of 1992, the OECD said. The economy grew by a whopping 5.6 per cent last year, but suffered a
      Reuter  -  409 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      341 8 m l2Hj METRO METRO HOLDINGS LIMITED (Incorporated In The Republic Of Singapore) I NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Eighteenth Annual General Meeting of the Company will be held at 65 Chulia Street, #33-00 OCBC Centre, Singapore 0104 on Friday, 26 July 1991 at 12.00
      341 words
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      Page 8 Advertisements Column 2
      1151 8 I2rtj METRO METRO HOLDINGS LIMITED (incorporated In The Republic of Singapore) NOTICE OF EXTRAORDINARY GENERAL MEETING NOTICE IS HEREBY GIVEN that an Extraordinary General Meeting ot the Shareholders of the Company will be held at 65 Chulia Street #33-00. OCBC Centre, Singapore 0104, on July 26,1991 immediately after the conclusion
      1,151 words
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      Page 8 Advertisements Column 3
      345 8 Analysis, Pg 11 GB HOLDINGS LIMITED (Incorporated in tlw Republic of Singapore) NOTICE OF ANNUAL GENERAL MEETING NOTICE IS HEREBY GIVEN that the Annual General Meeting of the Company wi be held at the Company's Registered Offioe, 26 JalanTerusan, Jurong Town, Singapore 2261 on Wednesday, 24th July 1991 at 10.00
      345 words
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  • Article
    Of rights and obligations
    470 10 EDITORIAL CAN WORKERS be transferred with impunity from one employer to another? That's the crux of the National Trades Union Congress' contention on retrenchment benefits for employees affected by company restructuring. The NTUC's line is: Workers retain the right to choose who they would work for.
    470 words
  • WHAT THE OTHERS SAY
    • Article
      Playing with fire
      256 10 DESPITE THE humiliation of his army in Kuwait and the devastation of his country as a result of his overweening ambition, President Saddam Hussein's delusions of military grandeur, and capacity for deceit, apparently remain intact. The ceasefire terms agreed to by the United Nations Security Council on
      256 words
    • Article
      Getting the right stuff
      110 10 THE RECENT Cabinet reshuffle basically gives the new Cabinet under Prime Minister Goh Chok Tong a better distribution of tasks. The promotion exercise also gives due recognition to deserving ministers. But the big question remains: can we get the best possible candidates in the near future?
      110 words
    • Article
      Not by bread alone
      144 10 WHILE LOCAL universities strive to meet economic needs and train practical and useful technical expertise, they should not neglect the development of the humanities. Certain disciplines worth developing are those that help enhance national cultural accomplishments, such as Singapore history, and certain specialised disciplines that give
      144 words
  • REGIONAL VIEWPOINTS
    • Article
      Take it easy, BOJ
      176 10 THE Bank of Japan (BOJ) has undertaken to ease its monetary policy by lowering the official discount rate after four years and five months. But we would like to caution Bank governor Yasushi Mieno against a too hasty relaxation of the monetary policy in the future
      176 words
    • Article
      Stay in the union
      177 10 HISTORY compels global attention on the current crisis in Yugoslavia, even in Hongkong, where the ramifications of East European nationalism may seem remote. Failure to find an answer to the Balkan Question, one of the persistent themes of the late 19th century, led to the shots
      177 words
    • Article
      Legalise immigrant flow
      152 10 THE ISSUE of the seemingly unending flow of illegal Indonesian workers into Malaysia has taken a fresh perspective with the drowning of some Indonesians being shipped back home in a barter boat across the Straits of Malacca. To prevent recurrences, Malaysia can inform Indonesia of the magnitude
      152 words
  • Article, Illustration
    Lock icon Corporate cowboys at the end of their ropes
    919 10  -  Nothing could go wrong, it seemed. Suddenly, everything did. Paul Alexander reports on Australia's fallen corporate heroes Paul Alexander AP Australia gave birth to its share of corporate cowboys who flourished in the heady days of easy credit and little supervision. But
    AP  -  919 words
  • Page 10 Advertisements
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      61 10 DOONESBURY BY GARRY TRUDEAU LAPV.PLeASeTSU.yOUR.GOV- I OH, YtS, LADY. THERE 15 m AND FtffJ--6RNMSHT THAT WITHOUT US. I REMAIN SAFE, Imt PRO- I PIEMY OF FREW HJATEF. ANP AH£M \^^TRlN£S' SOLDteRS, THEXURPSARE I YOUR TROOPS I VIPWfOR I FOOP AND THE MEOICAU WY& THF DOOMED. U/E MU- FLEE FOR I
      61 words
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  • ANALYSIS
    • Article, Illustration
      Lock icon New political force aims to save, not replace, perestroika
      684 11  -  Oliver Wates reports on the thinking in Moscow about the prospects of the democratic movement launched this week Oliver Wates Reuter THE NEW centrist political force launched in Moscow this week aims to save President Mikhail Gorbachev's perestroika (restructuring) reforms, not
      Reuter  -  684 words
    • Article, Illustration
      Finger lickin' good in Thailand
      1102 11  -  In the seventh of a series of BT features on Thailand, Loh Hui Yin focusses on Charoen Pokphand's tie-up with Kentucky Fried Chicken Loh Hui Yin GOING into the fast food business is a logical extension for the Charoen Pokphand group, which dominates the poultry
      1,102 words
    • Article
      Hey, plen rai mak mak, man!
      394 11 Hester chews nostrils have been tickled by KFC seasoning since he started out in the business in 1983 with the late Loo Cheng Gee. Mr Loo was the first KFC franchise holder in Singapore and Malaysia who, having built a fortune on the franchise,
      394 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      157 11 For once, copiers that give you DC 7085 --jlil copies i and a facsimile. Mita copiers A revolution in the fast-poced business world of today Making copying so versatile So easy. With its highly acclaimed GOLD MEDAL for the highest possible satisfaction rating The Hanson's Decree of Excellence"for DC 5585
      157 words
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  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      943 12 WHERE TO WINE. DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE GENUINE PENANG FARE LET OUR PENANG CHEF INTRODUCE HER NEW RECIPES AT THE NEWLY RENOVATED PRINCESS TERRACE CAFE THE PLACE FOR AUTHENTIC PENANG SPECIALITIES. A RENDEZVOUS FOR FINE MEALS AT CAFE PRICES. OR LIGHT
      943 words
  • Page 12 Miscellaneous
    • Miscellaneous
      Page 12 Miscellaneous Column 1
      532 12 TELEVISION AND RADIO m dm toon). gj modruA 'y?-? s V.' Tnhnfp tn n mtp orpat —n» g est* 1 IIUULC IU a irtlt b 1^1 7.0, JUiCNHißtentational(L), g2S&"£?hZ SEISMS'" H- HM ■,i volved in a personal vendetta 7.00 CaMe News Network. 5 v>— 3 2Sm* Financial News 7.00 bitmiiatfcNUd
      532 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon An uncommonly gifted actress
      805 13  -  Lee Remick died of cancer on Tuesday. She was as much admired for her acting abilities as for her bubbly attractiveness. Andrew L Yarrow reports. Andrew L Yarrow NYT LEE REMICK, an elegant actress who illumined dozens of films and many stage and television plays, died
      NYT  -  805 words
    • Article
      Lock icon Manipulation hailed as aid for aching backs
      650 13  -  Manipulation therapy has become more accepted among doctors, reports Elisabeth Rosenthal Elisabeth Rosenthal NYT Frustrated by a lack of good treatments for back pain, doctors are turning to a therapy they have long dismissed as chiropractic quackery: spinal manipulation. The American Association of
      NYT  -  650 words
    • Article
      US$1m renovation for Vanilla Ice's house
      256 13 CHATfflttoX RAP SINGER Vanilla Ice has bought a US$l.B million house down the road from Gloria Estefan on Star Island, an exclusive enclave off Miami, and is spending USSI million more to renovate it. Blue neon lighting is a prominent design element, said Mohni
      256 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      189 13 AND ENTERTAIN There's No Beefing About It. From 1 July to 31 July 1991 Our U S prime rib of beef is as good as ever. An excellent dinner choice carved right at your table and served with braised onions, baked idaho potatoes and a crisp caesar salad. A prime
      189 words
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      Page 13 Advertisements Column 2
      54 13 VIETNAM BUSINESS OPPORTUNITIES Why wait for other to be ahead jL of you in doing business in Vietnam? M L C3II us now IGI H VIETNAM BUSINESS TOUR SPECIALIST ft OFFICIALLY I ■I Appointed By: 9 Vietnam Chamber Of Commerce Vietnam Tourism Ql Organised special departure August 08, August 22
      54 words
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      Page 13 Advertisements Column 3
      69 13 NISHIKI PRESENTS A "Live Lobsters Promotion $10.00+ per 100 gms Have it done in any two ways you like Sashimi (Raw) Nimono (Braised) Yakimono (Grilled) Agemono (Deep fried) You don't have to be a member to enjoy fine dining. H. NISHIKI RESTAURANT bfl; MARINA BAY GOLF AND COUNTRY CLUB H*
      69 words
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  • ADVERTISING AND MARKETING
    • Article, Illustration
      Masters or slaves?
      937 14  -  Salil Tripathi reports on the wealth of recent advertisements featuring the Mastercard Salil Tripathi IT HAS been raining Mastercards in Singapore. With characteristic panache, Citibank fired the first salvo terming its Mastercard "Not just Mastercard, the Citibank Mastercard". It offered one innovative feature (cheque-writing facilities) and teamed
      937 words
    • Article
      COPY LINES
      245 14 RICOLA Pearls, known for its sugar-free gum-based sweets, will launch its herb lozenges this month with a press and television advertising campaign, "A New Lifestyle, A Healthier Lifestyle". The lozenges come in four flavours Natural Herbs, Lemon Mint, Orange Mint and Menthol Eucalyptus. Thomas /Wong of Shriro Singapore,
      245 words
    • Article, Illustration
      Good Earth out to spread the word about its products
      362 14  -  A bed-linen distributor hopes to woo Singaporeans with its new range of products. Said Abdullah reports Said Abdullah ONE of the leading bed-linen distributors in Singapore is planning a $100,000 promotion blitz for a new range of US-made Cannon bedsheet
      362 words
    • Article
      New kid in town
      359 14  -  Sangeeta Mulchand reports on the latest entrant in the public relations field Sangeeta Mulchand PUBLIC relations consultancy JL Word Liner officially opened for business in May, and counts among its clients British Aerospace and Readers Digest. Founder and managing consultant Julie Lim, who has eight years
      359 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      88 14 Ktvitw [s| ftSSS 1 ...1.1 fdovrnvmrd invests Businessoptimism^icksup_^ 21 levels of secure I^H cashflow in the heart of downtown -Br* Auckland, New Zealand Expressions of interest are requested by 15 August, 1991. 1 jff 1 Please contact the |H|^fef|i 1 vendor's agents Auckland, or at their local IB|pbBMKkHE; offices listed
      88 words
    • Advertisement
      Page 14 Advertisements Column 2
      147 14 WZ/7MSA Ken-Air Travel Re Ltd is now Ken-Air Travel Management Systems Re We've changed our name. More than that, we have undergone restructuring to meet the increasingly demanding needs of today's business travellers. Our name reflects our commitment to providing travel management services consistent with a timecritical and information intensive
      147 words
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  • SPORTS
    • Article, Illustration
      Lock icon Still learning after all these years
      270 15 UPI LONDON John McEnroe has his own section in the book of sports quotes, and included among his sayings are the legendary "Man, you cannot be serious", And "You guys are the pits". After losing to defending champion, top seed and world No 1
      UPI  -  270 words
    • Article
      Lock icon Morceli to go for world record in 1500m
      276 15 AP STOCKHOLM Noureddine Morceli already owns the world indoor record for 1,500 metres. Now the Algerian wants the outdoor mark in track and field's blue-rib-bon distance. "I can run a 3:28 if the conditions are good and the rabbits do their job,"
      AP  -  276 words
    • Article, Illustration
      Lock icon Rain returns to mess up schedule
      666 15 Wimbledon AP WIMBLEDON The curse of Wimbledon the rain has returned. Just when players and officials thought it was safe to go back on court, the miserable weather struck again on Tuesday further messing up a schedule already plagued by an opening week of
      AP  -  666 words
    • SIDE LINES
      • Article
        Tyson-Foreman bout possible later this year
        114 15 HOUSTON A heavyweight fight between former champions Mike Tyson and George Foreman could be held later this year in Las Vegas, says promoter Don King, who has already has labelled the match "The People's Championship". "We're very close to consummating this deal," King, who
        114 words
      • Article
        All Blacks pelted
        129 15 MENDOZA, Argentina The New Zealand All Blacks were pelted with fruit and bottles by angry fans on Tuesday following a huge brawl during a match on their tour of Argentina. The brawl, involving most of the 30 players near the end of their 47-12 victory against a
        129 words
      • Article
        Globetrotters in Bulgaria
        39 15 SOFIA The Harlem Globetrotters are in Bulgaria. They played in the coastal city of Varna on Monday, were to be in Plovdiv on Tuesday and in the national stadium Vassil Levski in the capital Sofia yesterday.
        39 words
      • Article
        Fund-raising beauty contest
        59 15 BUCHAREST A beauty contest is being organised throughout Romania aimed at raising funds to help the country's top athletes compete at the Olympics in Barcelona next summer. The first stage will judge local beauties in the 41 counties, and then "Miss Romania Sports" will be chosen in
        59 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      47 15 """<uߣatKlllHß2^9K9isfiBpjLsKiHE4iHHHi THE 40% AT THE HONG MOVE pays rather more your thoughts phy Rooms are Rooms colour are V. some ex- H duvets further ease ■F the But take the I'm your Come to the Hong You f Hi V HOTEL j f J /ar A hotils
      47 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Shares fall broadly in nervous trading
      4829 16  -  By Lilian Ang SHARE PRICES closed broadly lower yesterday as sellers dominated the local market in a generally nervous trading day. Brokers said that rather than follow Wall Street, which firmed slightly over the last few days, investors were affected by uneasy sentiments in
      4,829 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3730 17 Main Board Spore Land 575 +10 +1.8% Shangn-La 570 +10 +1.8% C&C 600 5 0.8% Causeway 60* 89 4 4.7% CMB Packaging 304 2 +0.7% CAC Wt 275 +2 +0.7% S Land Loan 88 +2 +2.3% Ssangyong 50* 255 +1 +0.4% Tibs 50* 500 191
    3,730 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      265 18 Conpaay Date Ymt 6tm» N«t Net tarn lug* Cms mm ti pr«m/tMS (L) Hr »l"f« dividend COM) (cMts) Amcol Jun 25 Dec 90 $36,143(19,185) 18.2(4 6) 10(10) Metropta kin 25 Jan 91 M$15.628($5,450) 26(1 9a) 6(4 3a) SJA Jun 25 Mar 91 $912.800($1,200,600) 143 2(188 4 40(35) SPt*
      265 words
    • Article
      PRELIMINARY RESULTS
      262 18 Compaq Data Yaar Craap pra-Ux Mat earniaf* Gross mm la pram/toss (L) par star* tfivMand COM) (CMts) Choc Products Jul 1 Mar 91 M$5,272(12,105s) 5.0(0.9) Faber Group Jul 1 Jan 91 M$33.426($15.558L) 8 l(-) MCB HkJgs Jul 1 Mar 91 M$2,411 ($1,7661) 2.9(-) NYA(2.5) Alex HM|s Jun 28
      262 words
    • Article
      INTERIM RESULTS
      186 18 Clfy Date Hall-yur firwp pre-tax Interim aaa to prrilt/lMS (L) dividend (•000) s Ganda HWgs Jun 25 Mar 91 M$554L (13.2371) Asia Paafic Jun 21 Mar 91 $59,214($48,108) 14.5(15.4) F&N Jun 21 Mar 91 $89,232($75,678) 9.2(9.2) Ammo Jun 14 Mar 91 $1,541(11.571) 5TE(7.5TE) Samanda rtdgs Jun 14 Mar
      186 words
    • Article
      CORPORATE DEVELOPMENTS
      460 18 Jul 2 Hong beong Corporation, the trading, manufacturing and information technology arm of the Hopg Leong group, has applied for a listing on the Stock Exchange of Singapore. LtM 4 restructuring its printing division, which will see it teaming up with a Malaysian company for synergy. Jul 1
      460 words
    • Article
      DIVIDENDS ANNOUNCED
      938 18 Currant Ex Books Date Total for Total for payment data dose payaMo tho yoar last yoar Amcoi 25c 10% Jul 5 Jul 17 Jul 31 10% 101 AMFP NYA(e) Jun 19 Jul 4 Aug 15 NY A 28C Mei Hdgs 50C 61(b) Sep 4 Sep 16 Sep 30
      938 words
    • Article
      RESULTS DUE
      605 18 Main Board Last FuN Year Company Period Date Year Het EPS Gross Net mareed endh{ (cents) tfv profit last year (MOO) Cerebos Interim Apr 27 Jul 91 12.6 20 0TE(a) 38.911 Spore Land Interim May 4 Dec 91 12.6 10.0 44.641(g) SM> Interim Jul 26 Dec 91 13.2
      605 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      958 18 Prices as at 03.07.91 Conversion term Premium/ Expiry (dlsca—t) Amount Optional" using limed Company (mil Wrts Share Loan Con* Exer Last* Cask Cash Loan Gearing Date Mths units) stock ratio price Mm Stk Left value > Bur will 115.2 0.191 0.670 1 00 1 00 78
      958 words
    • Article
      APPROVED ISSUES
      372 18 Company Rights Issue Mean One-tor two M$100 per share Issue ot 40m Cumulative Redeemable Preference Shares (CRPS) ot M$0 10 each at MSI per share with 10m detachable TSR on the bass of 1 CRPS with 1 TSR tor every 4 CRPS Ex-date ton 7 Books close ton
      372 words
    • Article
      PROPOSED ISSUES
      490 18 Company Rights Issue Baton One-for tour MS? 00 per share Issue of S90 978m nominal amount of 3.51 Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the basis of $2 nominal amount of Bonds tor every three existing shares hetd Every 12 nominal amount of Bonds
      490 words
    • Article
      BONDS, LOANS & WARRANTS
      730 18 BONDS, LOANS WARRANTS CiMpMy CmvwsIm period CMWiki ten* hr mm orAttry An ftnfl Wl Before 30/6/94 1 warrant plus HKJ100 cash. C4C Wt Before 26/4/93 1 wan ant phis $3.09 cash. Causeway Loan CaMMway Nl 2/10/89 to 20/10/94 1 warrant plus 10.77 cash or 1 warrant plus $0.77 nominal amount
      730 words
    • Article
      COMPANY MEETINGS
      312 18 Uniphone Telecommunications Bhd: 34th AGM at the Registered Office, No 10 Jalan Tandang, ***** Petaling Jaya, Selangor Darul Ehsan on Monday, July 8, at 10.30 am. Jacks International Ltd: AGM at the Registered Office, 11 Jalan Lembah Kallang, Singapore 1233 on Monday, July 8, at 11am. Asia Pacific
      312 words
    • Article
      RECORD HIGHS & LOWS
      195 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 hwtt 1333 08 n/fi/Qit 1991 high: 1565.58 (3/6/91) 1991 ST *****2 <6/1/9 1991 1149 08 < 16^91 > 1990 h«h: 4 4 6 1W 1607 12 (27/3/90) 1990 S: 981 07 09/11/90 1990 1079 50 (11/10/90) 1989 high: 1S 00
      195 words
  • Page 18 Advertisements
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Shares fall across the board on stop-loss selling
      4148 19 Bernama JITTERY INVESTORS engaged in stop-loss selling following Tuesday's falls caused share prices on the Kuala Lumpur stock market to close broadly lower yesterday. The KLSE Composite Index declined 5.28 points to 608.22 while the Industrial Index lost 13.06 points to 1,144.88.
      Bernama  -  4,148 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      176 19 SINGAPORE BUSINESS WE'LL DELIVER TO YOUR HOME OR OFFICE AT NO EXTRA COST! I Subscribe or renew your 12 issues of Singapore Business Ss4B SsB7 (Surface mail) Ssl3s (Airmail) FORM I Name Mr/Mrs/Miss I I Td :(h) (o) I H i Company Designation i TP I Enclosed is a cheque/draft
      176 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks end rumour-filled day sharply lower
      2203 20 Reuter TOKYO STOCKS closed sharply lower after light, rumour-filled trade yesterday. Growing fears that no more discount rate cuts are likely this year and rampant speculation that last week's brokerage scandal will spread drove investors to the sidelines, brokers said. The 225-share Nikkei average
      Reuter  -  2,203 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Stocks close higher for fourth straight day
      1920 20 AP AFP SHARE PRICES on the Hongkong stock exchange closed higher yesterday for the fourth consecutive session in active trading. The Hang Seng Index, the market's key indicator of blue chips, gained 23.66 points, closing at 3,796.57. Turnover amounted to HK$ 1.685 billion
      AP; AFP  -  1,920 words
  • Page 20 Advertisements
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  • REGIONAL STOCK MARKETS
    • Australian and Thai stocks fall sharply
      • Article
        AUSTRALIA
        831 21 AUSTRALIAN stock prices fell sharply as nervous investors took profits after falls in Tokyo on continuing fears of last week's brokerage scandals. Brokers said few leading stocks were spared as investors sold off their holdings. "The market ran out of steam after the rally during the first two days
        831 words
      • Article
        BANGKOK
        682 21 BANGKOK stock prices plunged further yesterday as investors were disheartened by the announcement of unfavourable economic figures and the fact they saw no rebound trend, brokers said. The SET Index lost 16.53 points to 723.01 on a thin turnover of 2.33 billion baht. In two days, the index has
        682 words
      • Article
        MANILA
        146 21 PHILIPPINE shares yiesterday sustained a second-day advance with a surprise boost from mining issues, which perked up from months of slack to a lively trade on the back of copper's rebound on Tuesday. The Manila Stock Exchange Composite Index rose 12.18 points to settle at 1,074.16. "The market was
        146 words
      • Article
        TAIWAN
        121 21 TAIWAN stocks closed mixed in very thin trade as many investors stayed sidelined yesterday. Dealers said sentiment was poor and expected falls in the coming weeks. The Weighted Index, pulled down by the financial sector, dropped 8.41 points to close at 5,604.69 compared with Tuesday's 5,613.10 fin- ish. Turnover
        121 words
      • Article
        MANILA
        481 21 JAKARTA shares prices ended slightly lower yesterday but brokers were hopeful the recent plunge, which has seen the index fall more than 14 per cent since the start of June, may finally be coming to an end. But they were also not expecting any fresh surge. "It's cooled a
        481 words
      • Article
        SEOUL
        736 21 SEOUL share prices slumped in moderate trading yesterday, with the Composite Price Index of the exchange down 8.82 points to finish at 602.83. Declines overwhelmed advances 594 to among the 742 issues traded. Volume stood at 9,889,000 shares valued tst 148.5 billion won (U*****.9 million). Seoul July 3 Wo.
        736 words
      • Article
        NEW ZEALAND
        106 21 MOST leading New Zealand sharps closed slightly lower in busy trade >es terday, but brokers said an easier dollar gave the market some resilience The retracement was not unexpected after Tuesday's 52-point gain by the Barclays Index. However, profit takers did not completely dominate business, a> they were
        106 words
      • Article
        BOMBAY
        97 21 IN BOMBAY, share prices of export oriented companies rallied on Tuesday but others fell on fears of higher inflation after Monday's devaluation of the Indian rupee. "There was heavy demand in stocks of companies with high foreign exchange earnings," a broker said. "Bttt elsewhere the mood was downbeat." The
        97 words
      • Article
        Untitled
        1529 21 CIom Pre*tow Jaly 3 SYDNEY All Ordinaries Index 1,528.7 1,543.1 -14.4 All Industrials Index 2,353.7 2,377.5 -23.8 All Resources Index 896.6 904.0 -7.4 Turnover (million) 74.29 122.1 -47.81 BANGKOK SET Index 723.01 739.54 -16.53 Tumover(milhon baht) 2,330 2,500 -170 JAKARTA 'Composite Index 339.47 340.39 -0.92 MAN HA Composite Index 1,074.16
        1,529 words
  • Page 21 Advertisements
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  • WORLD STOCK MARKETS
    • Dow up but broader market loses ground
      • Article
        Untitled
        363 22 July 2 CVwe Previous NEW YORK Dow Jones 2,972.72 2,958.41 +14.31 NYSE Financial 148.99 149.25 -0.26 SAP 500 377.47 377.92 -0.45 Turnover (million) 157.3 167.5 -10.2 LONDON Financial Times 30 1.907.2 1,898.7 +8.5 I FTSE 100 2.460.2 2.443.6 +16.6 I Turnover (million) 462.7 356.1 +106.6 AMSTERDAM CBS Tendency Index 93.2
        363 words
      • Article, Illustration
        NEW YORK
        1486 22 AFTER Monday's big run-up, New York stock prices turned mixed on Tuesday with the Dow Jones Industrial Average rising 14.31 points, to 2,972.72 and the rest of the market giving ground. Walt Disney and Alcoa accounted for almost 90 per cent of the Dow's gain. Activity was sluggish
        1,486 words
      • Article, Illustration
        LONDON
        628 22 LONDON shares fell at the opening yesterday as the market followed Tokyo down despite a firmer close in New York. "It wasn't a particularly convincing rise on Wall Street and a lot of the ammunition here has been used up...so the market chose the excuse of Tokyo to go
        628 words
      • Article
        FRANKFURT
        175 22 GERMAN shares opened weaker yesterday, pulled lower by worries about rising violence in Yugoslavia and a sharp decline in share prices in Tokyo. "There's a lot of uncertainty in the market," said one trader. "No one wants to start anything, especially with the situation in Yugoslavia appearing to worsen."
        175 words
      • Article
        AMSTERDAM
        363 22 TRAILING lower London and Tokyo markets, Dutch shares sagged at the opening yesterday, bereft of local stimuli to provide support. The CBS General Tendency Index slid 0.5 to 97.2 in thin trade, with most institutional investors keeping their money on deposit and only ready to take their next perusal
        363 words
      • Article
        PARIS
        200 22 FRENCH share prices dropped a full percentage point at the start of trading yesterday, with a lethargic bourse again shadowing weakness in Tokyo. The CAC-40 Index started at 1,732.86, down 17.61 points or 1.01 percent with turnover at 225 million francs in the first 15 minutes of trade. "The
        200 words
      • Article
        MILAN
        164 22 ITALIAN shares opened sharply lower yesterday, with the MIB Index down 2.7 per cent at 0900 GMT. Selling pressure hit industrials heavily. Fiat dropped 3.45 per cent at the official close and then weakened further on the kerb to 5,940. "We have a war on our doorstep, inflation is
        164 words
      • Article
        STOCKHOLM
        98 22 PRICES on the Stockholm bourse closed broadly higher in quiet summer trade on Tuesday, inspired by Wall Street's 1.8 per cent hike. The bourse General Index closed 0.43 per cent up at 1,124.01, close to the year-high 1,125.31 on June 19, while blue chips gained an average 0.81 per
        98 words
      • Article
        ZURICH
        209 22 SWISS shares opened little changed in quiet trading yesterday. Brokers said the market lacked clear direction as trends from foreign bourses were mixed. The SMI blue-chip index edged up 2.5 points to 1,691.0 in early trading, recovering from earlier slim losses. Zurich J«ly 2 Francs Alusuisse Br 1130 Brown
        209 words
      • Article
        JOHANNESBURG
        343 22 JOHANNESBURG gold shares firmed in early trading yesterday, building on Tuesday's modest gains as world bullion prices continued to hold up well despite the dollar's recent strength. The trend spilled over to most other sectors but trading remained cautious. At 10:30 am, the JSE All-Gold Index had climbed to
        343 words
      • Article
        TORONTO
        293 22 TORONTO stocks finished sharply higher in slow dealings on Tuesday as the market moved up in response to Wall Street's strong showing on Monday, when blue chips soared 52 points. Gold and silver shares led the way on the TSE, jumping 152.01 to close at 5,452.39. "The Canadian market
        293 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
      Strong sell-off in Tokyo leaves US$ higher against yen
      1231 23 REPORTS A LATE flurry of yen selling in Tokyo, based on jitters over falling Japanese share prices, left the dollar higher against the yen yesterday but lower against the mark at the close. The dollar, already strong against the mark on
      1,231 words
    • Article
      INTERBANK FOREX RATES
      394 23 Crass rates juiya USS SS MS Dm Yen SFr AS NZS USS 1.7730 2.7940 1.8320 138.90 0.6231 1.5785 I 3098 1.7590 S$ 0.5640 1.5759 1.0333 0.7834 0.3514 0.8903 0.7387 0.9921 MS 0.3579 63.46 0.6557 0.4971 0.2230 0.5650 0.4688 0.6296 Dm 0.5459 0.9678 1.5251 75.82 0.3401 0.8616 0.7149
      394 words
    • Article
      MONEY MARKET
      535 23 Interbank rates S$ Bid Offer Overnight 4 1/2 4 3/4 1-month 6 1/4 6 3/8 2-month 6 1/4 6 3/8 3-month 6 1/4 6 3/8 Overnight mode: 5-9/16 USS Bid Offer 7 days 6 6 1/8 1 month 6 6 1/8 2 months 6 6 1/8 3 months
      535 words
    • Article
      Lock icon Sterling faces another crucial downside test
      574 23 Reuter SINGAPORE Sterling, which has plunged this year against major currencies, faces another crucial test of its downside soon, foreign exchange dealers here said. "The outlook for sterling is still pretty grim," said Noel Keil, foreign exchange manager at Westpac Banking Corp. "I don't
      Reuter  -  574 words
    • Article
      FINANCIAL FUTURES
      1135 23 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 93.52 91 54 9152 9153 3800 ***** 4952 Dec 91 92.94 92.96 92.93 92.96 2510 ***** 2841 Mar 92 92.82 92.84 92.82 92.84 651 8909 709 Jun 92 92.41 92.43 92.41 92.43 131 1412 128 Sep
      1,135 words
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  • COMMODITIES
    • Article
      Lock icon US commodity bureau index likely to slide further
      399 24 Reuter NEW YORK The Commodity Research Bureau's Index of commodity prices was battered to four-year lows in the first half of 1991 and the outlook for the second half calls for more of the same. Considered by some to be a reliable
      Reuter  -  399 words
    • Article
      Lock icon US oil market expected to be firmer by fourth quarter
      346 24 Reuter NEW YORK The US oil market, which started the year in turmoil as the MidEast teetered on the brink of war, is expected to be on a firmer footing by the fourth quarter of 1991, analysts said. Most analysts
      Reuter  -  346 words
    • Article
      Gold ends at day's high on dull Hongkong trade
      839 24 REPORTS HONGKONG: Gold closed at its day's high yesterday on late local and Japanese shortcovering which offset earlier overseas selling, but trade was quiet, dealers said. "Gold was mainly supported by firm silver and platinum prices in Asian trading," a bullion
      839 words
  • Article
    PRICES
    1373 24 Rubber jm y 3 MS In Ww) Scents/kg Noon Owe Int I RSS Prompt I44.MV145.50N 144 00/I45.00N Int 1 RSS Aug 91 145.50/146.00 145.00/145.50 Int 1 RSS Sep 146.50/147.00 146 00/146.50 Int 2 RSS OP 143.50/145. SON 143.50/145.50N Int 3 RSS OP 142 00/I44 00N 142.00/144.00N Int 4 RSS
    1,373 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      606 24 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAXi 734-4982 M THE MATTER OF THE COMP AMES ACT, CAP. SI VE-HCHE EHTEHPHBE PTE LTD fn Vetuftary u^uMabafl) H an Extraontotfy General Keating of the members of VE-WCHE ENTERPRISE PTE LTD duly convened and held *5 Koek Road 101-00 Ctppege Plaza, Singapore 0022 ontos 28
      606 words
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      Page 24 Advertisements Column 2
      652 24 IN THE MATTER OK THE COMPANIES ACT, CAP. M AND IN THE MATTER OP SPACECOM PRIVATE LIMITED (IN MEMBER'S VOLUNTARY LIQUIDATION) At an Extraordinary General Meeting of the members of the abovenamed company duly convened and held at 152 Beach Road #10-05/07 Gateway East Tower Singapore 0718 on Wednesday 20
      652 words
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      Page 24 Advertisements Column 3
      11 24 Your search lor EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1151 25 City FltcM ETA FNgtat CTD O Aha MuM GA887 1245 GA894 2255 GA975 1300 MllaHl QF081 1820 SQ228 1905 2 SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 Mktm SQ26 2200 flTtrlini BAU 1225 SQ325 2115 ■ahnta GF148 1000 B Sari B«gawaa SQ181 14J0__RA408
    1,151 words
  • THE TRAVEL PAGE
    • Article, Illustration
      A quieter and cleaner Virgin Island
      643 25  -  LETTER FROM ST CROIX By. Andrea Borch THE propeller plane dropped its nose and through the cockpit window St Croix's runway came into view. Riding in on the edge of a passing storm, the 21seater plane slid slightly back and forth. The pilots held
      643 words
    • Article
      MONEY CHANGER RATES
      152 25 As at 3pm yesterday; Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.357 1.362 Canadian dollar 1.534 1.552 NZ dollar 0.9970 1.027 Sterling pound 2.827 2.8420 US dollar 1.7660 1.7760 Local dollars to 100 aBits of foreif c«rMcy Austrian schilling 13.60 14.60
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      90 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Tel /~»wir-\» uinism Aug 6-9 IV Jewellery Buenos Aires. Rossi Heinlein *****1-9413 July 2-6 International Buenos Aires *****1820 "g Argentina Asociados SA Exh ,b tK >n of Exhibition Snort ware Sport ware at Accessones Accessones Aug 18-20 International
      90 words
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      Page 25 Advertisements Column 1
      31 25 Irving, don't forget Finnair conducts a brilliant service to Berlin. And to over 30 European destinations from Amsterdam to Athens Call *****77 for details. We know Kurope from start to FinnLsh.
      31 words
    • Advertisement
      Page 25 Advertisements Column 2
      71 25 Kevin Costner's marriage is the biggest love story flflM in Hollywood today. But the marriage has almost fallen apart. Wt yi What has kept them together? ffflllSl X.. Follow OUT Couples series The latest news and much more. in The New Paper today. From luncMime. Monday to Saturday. IS>!.»«■ J££
      71 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      222 25 Common party j perhaps, with the troops (7) good down under I lowed, we hear 25 Concept of consideration. attention and care (7) 7 Smiling about the Spanish, 24 Picture in periodical that is 26 Vet coming from a pit? (7) in whom we are trusting so outside(s) 27 Clients
      222 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      212 25 Singapore Outlook: Showers over several areas in the late morning and afternoon. Report Maximum temperature 32.6* Assoc humidity 60% Minimum temperature 26.6* Assoc humidity 87% Hours of sunshine 7.00 Rainfall in mm Trace Rainfall this month Trace Rainy days this month 0 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 15/07 Fair
      212 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      44 25 ILOVCLS "TVie. ONUY o^wppoc^, A (TPA PiQW^^^ v S WoTeL J u&<S -matron J 1 V u.rc: UQLIDfcV J V D*W i UOST r*V J VgOUND/^ fcgl Kfc*==3 C 1 v 7 T Q -7 84 bo C EVE KING STAMOAKD CO LTD. HM-IWI
      44 words
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  • Article, Illustration
    Brunei govt buys Claymore Point for $100 m
    371 26  -  Property has been on the market for a year By Elaine Koh CLAYMORE Point, an upmarket retail-cum-residential development which has been on the market for a year, is said to have found a buyer in the Brunei government for about $100 million.
    371 words
  • Article
    Brierley steps up interest in Fairfax empire
    467 26  -  From Geoff Harris in MELBOURNE NEW ZEALAND'S Brierley Investments Ltd (BIL), in which the Government of Singapore Investment Corporation (GSIC) and Temasek Holdings are shareholders, is understood to have stepped up its interest in the embattled Australian media empire John Fairfax. BIL is
    467 words
  • Article
    Taipei bid to raise cash
    39 26 TAIPEI Taiwan is to open the local bond market to foreign investment in a bid to raise cash to finance its mas- sive US$3O3 billion (***** billion) national construction plan, financial officials said yesterday.
    39 words
  • Article
    Abacus teams up with S Korea's Asiana Airlines
    233 26  -  By Rahita Elias ABACUS Distribution Systems, the Asia-Pacific computerised airline reservations system (CRS), has joined hands with South Korea's Asiana Airlines to form Seoul-based Asiana Abacus Information Inc. The new company, which is Abacus' eighth national marketing company (NMC), will act as
    233 words
  • Article
    Lock icon Economic integration before unification, says China
    178 26 Reuter BEIJING China has called for far-reaching economic integration with Taiwan as a prelude to political reunification. The Chinese Trade Ministry on Tuesday spelled out the main principles that would break down all remaining economic barriers in place since 1949 when the Nationalists fled
    Reuter  -  178 words
  • Article, Illustration
    No CEO today is a man for all seasons
    826 26  -  The Bottom Line SREE KUMAR SREE KUMAR The writer, formerly a management consultant, is currently a research fellow at the Institute of Southeast Asian Studies. The views expressed are entirely his own. JOHN AKERS is angry, and rightly so. IBM is
    826 words
  • Article
    Lock icon Taiwan sets timetable for reforms
    168 26 Reuter TAIPEI Taiwan has set a timetable for wide-ranging financial reforms designed to make the island one of Asia's main banking centres. A Cabinet-level economic meeting on Tuesday decided on a schedule for the reforms, which included easing restrictions on foreign banks and making the
    Reuter  -  168 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      216 26 Nikon The World's Finest Photographic Systems FULLY MANAGED, INVESTMENTS IN THE SECOND FASTEST GROWTH REGION IN The real estate market in Western Australia mb has started the cyclic upturn offering opportunities to invest in quality property at excellent prices, and mm to capitalise on the inevitable period of rapid capital
      216 words
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      Page 26 Advertisements Column 2
      261 26 Nikon The World's Finest Photographic Systems BUS I N ESS T I M E S TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 /i—— We re a large diversified international group with investments and I operations in the Middle East, Asean and Europe. We are looking for high calibre personnel to staff our growing
      261 words
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  • SHIPPING TIMES
    • Article, Illustration
      Sea Containers shifts Far East operating HQ here
      488 27  -  By Selva Kumar UK-BASED Sea Containers group has brought the management of all its Far East activities under one roof in Singapore. Since April, activities of Hongkong-based Sea Containers Asia Ltd the group's Far East regional headquarters have been moved to Singapore.
      488 words
    • Article
      Lock icon GM, union agree to a near non-stop car plant
      472 27 NYT DETROIT General Motors Corp and a local chapter of the United Automobile Workers union have tentatively agreed to begin nearnonstop assembly operations at GM's Lordstown, Ohio, plant starting next summer. The step would enable GM to effectively produce as many
      NYT  -  472 words
    • Article
      Lock icon Yamaha orders Cray super computer
      148 27 AP TOKYO Yamaha Motor Co, a major Japanese motorcycle maker, is buying a super computer from US's Cray Research Inc to help it design more fuel-efficient engines and make other improvements, officials said on Tuesday. A Cray Y-MP2E system, costing 450 million yen (555.6 million),
      AP  -  148 words
    • Article
      INDEX TO ADVERTISERS
      888 27 Page Col ABC Containeriine 12 1 Accord Group 8 1-3 Aeropak Express 9 5 APL 5 3-5 APC Line 13 5 ASCL 5 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 14 4 Bangladesh Shpg 8 5 The Bank Line
      888 words
    • Article
      E European operator plans service to S'pore
      305 27  -  By Rahita Elias EASTERN European barge operator Interlighter has plans to extend its service network by launching a direct call to Singapore. Interlighter, a joint venture company established by four Eastern European countries, is now studying the viability of including Singapore as a
      305 words
    • Article
      Haniel S-E Asian units renamed after merger
      275 27  -  By Dexter Lee HANIEL SPEDITION subsidiaries in South-east Asia have been renamed following their parent's merger with Thyssen Trans last year. Since Monday, Haniel Transport in Singapore and Malaysia have become Thyssen Haniel Logistics (Singapore) and Thyssen Haniel Logistics (Malaysia) respectively. Haniel's subsidiary
      275 words
    • Article
      Lock icon Boeing 777 jet R&D may drag on earnings
      612 27 Reuter SEATTLE Wall Street analysts said higher than expected costs for developing Boeing Co's new 777 twinjet will drag on earnings through 1992, but a new computer design process will curb subsequent customising costs on the jetliner. Several analysts recently cut their
      Reuter  -  612 words
    • NEWS SUMMARY
      • Article
        Parting shots off a US safety offficial
        46 27 JIM BURNETT stepped down as a member of the US National Transportation Safety Board last week in characteristic fashion. He took a blunt parting shot at the agency, which investigates major plane, train, bus and ship accidents. Page 2
        46 words
      • Article
        American Airlines drops idea off Sabena stake
        44 27 AMERICAN Airlines, the largest US carrier, has dropped out of the bidding for a large minority stake in Sabena, leaving British Airways as the front-runner to forge a strategic partnership with the Belgian national airline Back Page
        44 words
      • Article
        Mercedes considers car assembly in Mexico
        30 27 MERCEDES-BENZ AG, the automotive unit of DaimlerBenz AG, said it was considering building an assembly line for its luxury cars in Mexico. Back Page
        30 words
      • Article
        Finnair expects to weather tough times
        66 27 FINLAND'S national airline Finnair, buffeted by the Gulf War and a domestic recession, expects to weather the storm and sharply increase its passenger volume by the end of the decade. Chairman Annti Potila, in an interview on Monday, said he still expected the recession
        66 words
    • LOG BOOK
      • Article
        OOCL sets up Benelux office
        81 28 ORIENT OVERSEAS Container Lines of Hongkong has established its own offices in the Benelux countries providing full agency services, following the termination of an agreement between the carrier and its former FENA Agencies. OOCL (Benelux) NV, with offices in Antwerp and Rotterdam, has already been
        81 words
      • Article
        Burns Philp, NYK in joint deal
        88 28 SYDNEY Nippon Yusen KK (NYK) and Bums Philp and Co said they have formed a joint venture to represent NYK's shipping interests in Australia. The joint venture company, to be called NYK-Burns Philp Shipping Pty Ltd, will cover all major ports except Melbourne. Previously
        88 words
      • Article
        Emirates launches new flights
        100 28 DUBAI Emirates, the national airline of the United Arab Emirates, has started flights between Dubai and Manila via Hongkong, its latest destination. An inaugural flight on Monday marked the beginning of a new thrice weekly service. The new service has also doubled Emirates' flight frequency to
        100 words
      • Article
        ANA bid for Honolulu service
        85 28 TOKYO All Nippon Airways is seeking the go-ahead from the Japanese Ministry of Transport to launch flights between Nagoya and Honolulu in September. ANA is planning to mount three Boeing 747 flights a week from Sep 11. ANA said Hawaii was one of the most
        85 words
      • Article
        Boeing unit gets army contract
        65 28 WASHINGTON Boeing Helicopter, a unit of Boeing Co, has been awarded a U*****.9 million modification to a contract for 11 MH-47E Special Operation Aircraft, the US Defence Department announced. Work will be performed at Ridley Park, Pennsylvania, and is expected to be completed by April
        65 words
      • Article
        Australian chooses BAe planes
        75 28 SYDNEY Australian Airlines has chosen the BAe 146 to spearhead the launch of its regional airline Australian Airlink. The new airline will start operating the three new BAe 146s from early next month. It will offer on an expanded network of regional service, which include Queensland,
        75 words
    • Article, Illustration
      Lock icon Parting shots of safety official
      1119 28  -  Jim Burnett, who sat on the US National Transportation Safety Board for nearly 10 years, talks to Richard Witkin about what he sees as weaknesses of the board Richard Witkin NYT JIM BURNETT stepped down as a member of the US National Transportation Safety Board
      NYT  -  1,119 words
    • Article
      COCKETT BUNKER MARKET REPORT
      787 28 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      787 words
    • Article
      THE SHIPPING GUIDE
      10294 36 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      10,294 words
    • Article
      SHIPPING AGENTS
      3294 41 Containerline NV: Belsin I Shpg Agencies Pte Ltd (SyManne Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkro Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiei Liner Service: Kim Shpg Trdg (S). Albatros Sea-Air Service: Frata Shpg Pte Ltd (S).
      3,294 words
    • Article
      COURIER SERVICES
      248 41 Abacus Couriers Td: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844. Fax: *****16, *****80. Airswift Worldwide Courier Tel. 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Ouster Link Supplies A Services
      248 words
    • Article
      AIR FORWARDERS
      1518 41 Abex Express Freight Tel: 542-7171. Fax: *****84. Actiaic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7822TFax: *****20. Aeroliak Freight International Tel: 545-8033. Fax: *****05. Td1°542^5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air Market Express Tel:
      1,518 words
    • Article
      PORT CONDITIONS
      1876 42 ARGENTINA Buenos Aires: Labour Stevedores continue to arrive half an hour late for work and to leave half an hour early There are also stoppages of one full hour during each shift, reducing the effective working time per six hour shift to four hours. Port busy; all berths
      1,876 words
    • Article
      Lock icon SHIP SALES & TANKER RATES
      789 42 SHIP SALES TANKER RATES Reuter AFP VESSELS SOLD FOR FURTHER TRADING Tankers Magic Mercury: 21,090 dwt and built 1974. sold for about USSS.S million to Singaporean buyers. Albs Mariner 39,821 dwt and built 1982, sold to Norwegians for around USS22.S million. Vendela: 423,642 dwt and built 1976, sold to Saudi
      Reuter; AFP  -  789 words
    • Article
      AIR FREIGHT SCHEDULE
      455 42 ARRIVALS Op Flight Type ETA T From TODAY KAL KE697 B747F 0150 1 SEL NCA KZ203 B747F 1930 I NRT KAL KE685 A30F 2345 1 SEL/MNL TOMORROW JAL JL6IS B747F 0240 1 TYO NWA NW901 B747F 1735 1 ORD/ANC/NRT SIA SQ82I B747F 1755 2 LON/DXB NCA KZ203
      455 words
    • Article
      CRUISE & FERRY SCHEDULES
      343 42 CRUISE FERRY SCHEDULES CRUISE SHIPS Art I>ep Name of Vessel ETA h'l U Ports of Calls Port Agent JULY 04 04 Orient Sun 1000 1800 Sin-Jakaita-Sin Sembawang Johnson 04 05 Ocean Pearl 0700 1300 P Klang-Sin-Penang Reefer Lines 05 05 Orient Sun 1000 1800 Sin-Jakaita-Sin Sembawang Johnson 06 06 Cora
      343 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        723 43 VumJ toy Na Bar* »nM frpartm Vend toy Hp toft km* Dgrtw Marina Terminal 1 Sembawang Terminal Aung Su Yu 09/91 M05 alongside 03.07/1700 Guangshu. 2/91 S03 alongside 05.07/1400 Batam Baru B74 M04 atof*side 04.07/2300 Herculus PTL 11 S02 alongside 05.07/1200 Batammdo 1 63S M02 alongside 03.07/1800
        723 words
      • Article
        IN MALAYSIAN PORTS
        170 43 P——g Pirt Berth n Butterworth on July 4: 1: Pacific Indah; 2: Golden Fountain; 3: Hua He; 4: Dewi Indah; 5: Aka Bhum; 6: Bunga Seroja. Penang Mart NB; Victory; C 8: nil; SB: nd. BCT: Bl: Navakun 6; BU: ml; l/B: ml. WIP: ml. Due on
        170 words
      • Article
        CONTAINER SCHEDULE
        1268 43 RECEIVING OF EXPORT FCt CONTAINERS AND LCL CARGO Record Bookfig/Mnct Rsfts SNp Voy No Etb/Btr Period From To Fran Anitas Bridge 34 04/1300 1 03/1500 03/1659 03/1900 Anson *****N 05/1900 3 04/0700 04/1159 04/1400 4 04/1200 04/1459 04/1700 Arabian Sea 115E 06/1200 1 03/1500 03/1659 03/1900 3 04/0700
        1,268 words
    • Article, Illustration
      Lock icon American Airlines drops idea of a stake in Sabena
      460 44 FT LONDON American Airlines, the largest US carrier, has dropped out of the bidding for a large minority stake in Sabena, leaving British Airways as the front-run-ner to forge a strategic partnership with the Belgian national airline. Mr Robert Crandall, American's
      FT  -  460 words
    • Article
      Lock icon Mercedes considers car assembly in Mexico
      495 44 Volkswagen investing more in its Mexican plant Reuter BONN Mercedes-Benz AG, the automotive unit of Daimler-Benz AG, said it was considering building an assembly line for its luxury cars in Mexico. A statement, issued after a visit to Daimler-Benz' headquarters in Stuttgart by Mexican
      Reuter  -  495 words
    • Article
      Lock icon Finnair expects to weather tough times
      578 44 Reuter HELSINKI Finland's national airline Finnair, buffeted by the Gulf War and a domestic recession, expects to weather the storm and sharply increase its passenger volume by the end of the decade. Chairman Annti Potila, in an interview on Monday, said he still expected
      Reuter  -  578 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      27 27 I Lilies and services represented by Members of the Registry of Accredited Shippingf*£>£VM Agents, Singapore National Shipping AssoMMSzMsl ciation. For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090.
      27 words
    • Advertisement
      Page 27 Advertisements Column 2
      217 27 SWEE HENG METAL CO PTE LTD No 13 TUAS AVENUE 14. S PORE 2263 FAX *****46 TEL: MISHS (5 liMt) TLX RS ***** 11 I'M II iM Maintenance Equipment repair A* Forwarders 15 Air Freght Schedule 16 Cockett Report 2 Contaner Schedule 17 Courier Services 15 Cnase Ferry SchedUes 16
      217 words
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      257 28 ANNOUNCEMENT r LINES EFFECT RATE RESTORATION —i FOR INTRA-ASIA TRADE Eighteen lines providing shipping services from Singapore to Hong Kong, Taiwan, Japan and Korea met on 21 June 1991 to discuss the erosion of freight rates in the Intra-Asia trade. In the backdrop of continued cost increases for operators since
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      2323 29 JLL' inniin miimi niniii AallM 200 Cantonment Road 012 05 Southpoint. Singapore 0208 AlllF# th *****11 telex no rs ***** wmmrrrwwk terminal/cfs th *****18 220 PBAmn BOOKINGS Tel *****34 258 L \FFF9 M PESAKA SHIPPING AGENCIES SON. BHD. PORT KELANG TEL: *****18 NO MA*****/MA***** PENANG TEL *****4 TELEX NO MA*****
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      1852 29 DAILY FREIGHTS THE physical dry cargo market on Tuesday largely ignored speculation in the futures market over the level of Soviet grain purchases and continued to drift quietly lower into the traditional summer lull, brokers said. The Baltic Freight Index was set four points down at 1,695 with lower rates
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      1587 29 ■BBBssasza TWO SAILINGS PER WEEK TO EUROPE SINGAPORE/ANTWERP 17 DAYS SINGAPORE/SOUTHAMPTON 16 DAYS Vessel Voy ETA I ETD 'Port 'Penang DESTINATIONS Singapore Kelang Th» MM Men* Maertk 910# Feeder by 7 0600 MRS M Pinto HHHHB CFS «/7 2358 MRS OAK IGB HOU MEM ATL MIA CHS BAL PHL NYC
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      1099 30 |ROTTECMM>( Xr\ VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE BREMEN EXPRESS 03/326 7/7 24/7 26/7 29/7 30/7 HONGKONG EXPRESS 02/127 11/7 1/8 30/7 29/7 HKBSI KAGA 19/327 13/7 31/7 2/8 5/8 6/8 KURAMA 11/128 17/7 8/8 6/8 5/8 KUANS»PCNAM6 CARfiO FRANKFURT EXPRESS 57/328 21/7 7/8 9/8 12/8 13/8
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      Page 30 Advertisements Column 2
      686 30 DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT SEASPAC I 2304E8 5/7 18/7 20/7 30/7 ALSO ACCEfTHG CARGO VIA SUVA TO LAUTOKA PAGO PAGO. APIA NUKUALOAFA DIRECT CHILE SERVICE SIN 100 ANF VAP CLX STO (PERU) SEASPAC I 2304E8 5/7 12/S 13/8 19/8 20/8 18/8 Agents ■«ll». SINGAPORE *****11 WW
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      Page 30 Advertisements Column 3
      1688 30 Q— IAWA &EMWS REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL/VOY SM ALGBCLHAMBREROTMITFELUtt (VM (VIA (VIA ALG) HAM) ROT) NOR ASIA SH Aft JAH 9117-3 07/07 29/07 31/07 01/0S 02/01 03/01 04/01 05/01 06/06 NORASIA MUBARAK 9111-3 12/07 02/06 04/08 07/06 OS/OS 09/0S 10/06 11/06 12/06 NORASIA AL-MANSOORAH 9119-3
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      1955 31 —-j=Steamers Maritime Holdings Ltd W* P&O TMI j Containers Vey No +Pw/ +PW |sp"« A* Sou Ant .44 Hb| IWS MMRSK 010. 20/0. 01/07 04/07 1./07 21/07 22/07 24/07 »CCE7TS M SMS OSAKA BAT 0536 20/04 01/07 04/07 23/07 2S/07 27/07 <-A*SO LAUST MAERSM 910* 04/07 0»/07 10/07 24/07 2«/07
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      2179 31 TO: U.S.AJPANAMA FM: U.S.AJPANAMA VH3U/VOT V OAK IM CM fD» SAV W HTC ¥CSH./¥OY NTC NOR MV CJH IGB OAK V CHOYANG GLORY EFI2O 0/7 31/7 2/0 11/1 IC/I 17/1 20/1 PMB SENATOR HAI2I 23/S 24/5 20/5 11/5 0/0 10/1 TiT ASIAN SENATOR ETI27 13/7 7/1 11 1 24/1 »/0
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      359 31 STRAITS/ JAPAN/ STRAITS SERVid LOADING FOR YOKOHAMA/ NAGOYA/OSAKA/SENBOKU COSMIC LEADER V 2 ETA SPORE 7/7/91 ETA PK 9/7/91 j NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG. TAIWAN CHINESE PORTS. SUBJECT INDUCEMENT IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE K Pt OHI CI M. wr 2/0 10/1 14/1 27/1
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      544 32 CR NBR **********0-D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL/VOY STORE ttMI/MMM HDUtfi BREMEN ANTWERP 1-4/1 J/J J/9 }V\ W* RUTU 23X8 1/9 4/10 13/10 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject to Inducement. Ateo accepting cargo to Casablanca, Port Said. Port Alexandria, Genoa, Trieste. ALSO ACCEPTING BOTH CONTAINERS
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      Page 32 Advertisements Column 2
      953 32 1$ il il HANJIN SHIPPING S pore LEN RTM ANR HAM BRV FEL FEEDER VSL SIN LME HAUL LGB OAK HANJM HAMBURG 006W 8/7 25/7 26/7 27/7 27/7 29/7 30/7 HANJM LONGBEACH 034E 20/7 DRECT 7/1 10/«. HANJM VANCOUVER 005W 14/7 1/8 2/8 3/8 3/8 5/8 6/8 HANJIN HONGKONG 030E
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      Page 32 Advertisements Column 3
      1299 32 I-4 .J M f 1 i i t i i Ina SGP WG KSG KIG PUS *T OS* NGT SMZ TYO LAI CW ML WYC U* MM KM !>» WG PSD CM W. I GOmi K-040 MP» 1/7 10/7 li/7 IV7 17/7 U/7 »/7 21/7 22/7 1/1 IVI 15/t 14/1
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      1982 33 j NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 ICR NO: **********0E) BOOKINGS" NEPTUNE LINK TEL *****00 USA SERVICE -*****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 AUST/INDIA/PAK SERVICE -*****18 CFS: K27 EXPORT *****53/*****04 mtmmfk FAR EAST SERVICE -*****48 CFS: K27 IMPORT *****69/*****50 iliC NEPUNE SON BHD MALAYSIA w
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      Page 33 Advertisements Column 2
      1105 33 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—OtSCHMONG NESTBOUND-UHONC TKAWSHTPED VIA HOTTHPMi I'M ww law |wa |wc |bhv ti. |»tm [-awt bcl ißa
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      1565 34 m ——i K 44 V "ir" AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) mm mTV\ TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****79 l V%| H MALAYSIA: "K" UNE MARITIME (MALAYSIA) SDN BHD A MmJ JL JLU TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1 KAWASAKI KISEN
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      Page 34 Advertisements Column 2
      771 34 KM PHIU-ORI€NT UN€S PT€ LTD 108 ROBINSON ROAD #07-00 GMG BUILDING SINGAPORE 0106 1 TEL: *****22/*****69/*****00 TELEX: RS ***** PH»LI FAX *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU A MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION Sffi? MONTREAL, OTTAWA. TORONTO. 6 JUL DUBAI, DAMMAN. SHARJAH,
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      Page 34 Advertisements Column 3
      402 34 GOLDEN LINE !>£>% GUAN guan shipping (PTE) LTD 23. Telok Aver Street SINGAPORE OlOt a TEL 5343 M (10 LINES) Foe *****04 (CR No *****55M00W) ITKAm/miIAM OPLF HtTig S pore P Mart Penanj GOIDEN MOWER Colombo Kjrjchi D»bai 12/ If M GOLDEN WHEN Colombo ferach Dutw 21/34 M CHINA IUTICT
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      1440 35 *****\mJmm pacific international lines (pte) ltd SSSSSSrn M M PIL Building, 140 Cecil Street #03<X?, Singapore 0106. [JAKARTA ___J [BANGKOK ~~l VESBEL VOY SIN JKT SIN u v em MijapiinT OHO i/7 T/T VESSEL VOY SIN BKK SIN MAJAPAnIT •110 5/7 7/7 JENLINK SON 5/7 S/7 12/7 EQUATOR MAS 10N
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      Page 35 Advertisements Column 2
      1013 35 BEN LINE CONTAINERS LTD \l 200 Cantonment Road Tel: *****22 L #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT 1 VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Komqan* 218 4/7 21/7 22/7 24/7 25/7 Nihon-H 216 5/7
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      Page 35 Advertisements Column 3
      408 35 MYANMA pBBk FIVE STAR LINE (Myanmar National Una) Loading for Yangon (Rangoon) Sport P.KIf Pen P.Gd| MYOMA YWA VI36N In Pt ♦A-AN VI64W 6/8 W 'ATHEM VII2W S/10 JU UAGWAY V2IW 12/14 Jul PAGAN VI7ZW 15/17 Jul THE BANK UNI (A Mrvic* of Andrew W»4r Shipping) \\r SEMI-CONTAINER SERVICE HEAVY
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      Page 38 Advertisements Column 1
      705 38 TO AUSTRALIA/NEW ZEALAND [*5 [s« Fron Mtft I Audi p« If CHAIM Oil ORB 274 22/7 Hp 571 9/t IS/« TTTi iimtha a 275 T073 u7i"~ m/S "FiTi m7T~ TTTi 175 tutu moms 27* 23/ i 307 i 4/» 14/» Ts7» bsussu 277 575" TaTT" »/> M/» v/ 9 M/»
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      Page 38 Advertisements Column 2
      750 38 EXPORTS TO HONGKONG. TAIWAN I JAPAN "TWICE WEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PNG «T I SIN I HKG KAO KEE TVO SM2 NGO KOB VESSEL VOY |SW IPKL PNC BIW SIN I TSK MELOOY 27 6 7 "1.7 5.7 12 7 117 17.7 1«.7 TSK MILOOT 27
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      Page 38 Advertisements Column 3
      192 38 P^T PERUSAHAAN PEL AY ARAN i i W KALIMANTAN DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK vessel ETA/ETD DESTINATION 1 NIAGA XXH Voy 15/51 5/6 Jul lakarta/Patembanj I I NIAGA XXI Voy 15/91 9/10 Jul Jakarta/Patembanf j NIAGA 42 Voy 11/91 12/13 Jul Jakarta/Patembanf NIAGA XXH Voy 16/91 15/16 Jul Jakarta/Patembanf
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      Page 38 Advertisements Column 4
      1430 38 S CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MMirw-s agents SINGAPORE'S GENERAL AGENTS: ■oo*»'S WWTI CHUNG CHIAO SHIPPING SON BHD COSTAR SHIPPING PTE LTD PT GLO6AL KL TEL: *****91/17 FU: 4425W2, ***** INDONESIA MARITIME P. KIAN6 TEI 3CttloC/t Til MA ***** WI7M PENANG TE: 620*41 Til: MA ***** gELBMB
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      728 39 7 CTE SHIPPING (S) PTE LTD .I r-J 133 New Bridge Roed M I #09-06 Chinatown Point 7\/TE-v Singapore 0105 GUARANTEED CONSOL TO:KEELUWG/KAOHSIUWG 7.7.91 HONG KONG 6.7.91 BUSAN 6.7.91 BANGKOK 6.7.91 EUROPE 7.7.91 TOKYO/KOBE/YOKOHAMA 6.7.91 USA 6.7.91 AUCKLAND 6.7.91 FREMANTLE 11.7.91 SYDNEY/MELBOURNE 9.7.911 FOR BOOKING PLEASE CALL AT OUR HOTLINE
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      Page 39 Advertisements Column 2
      365 39 ja TEL: *****33 (12 Llnoo) M FAX: *****15/*****03 IPO} TELEX: RS ***** RI3HIP (3 Lines) Pt\ ETHIOPIAN SNIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOADING FOR SPORE ANDINET 24W8 15/04 OARESSALAAM. MOMBASA. DJIBOUTI ASSAB. MASSAWA ABBAY WONZ 29we 10/09 OARESSALAAM MOMBASA. DJIBOUTI ASSAB. MASSAWA
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      Page 39 Advertisements Column 3
      795 39 SEAWARD SHIPPING AND TRADING GO (S) PTE LTD CT* ETA ETA STORE KMT KELANG PfNANG "K 10/; 6/7 (litmuO 5/7 loading tor Male «UVAI HUDHU 20/7 loading lot Calcutta 00LPI8N 8/7 c,j loading For Mai* pwneih sum* m pt loading For Male DONAKIA.N 15/7 Loaded For Felmaru PROGRESS LffiTY Sailed
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      Page 39 Advertisements Column 4
      371 39 SYDNEY/MELBOURNE BANGKOK hbp. lwr rw» vm m wt mu*m wmm 1 PIAUTA ***** HQ/7 22 24/7 28-28/7 MAHA BHUM# 64N Tto» to Pt Mm 8/7 WTABHUM 1 1106 20-21/7 2-4/8 M/> NORDBEACH 02N Fri 5/7 Man «/7 PIWtTA ***** HO/7 22-24/7 28-28/7 OEM BHUM*# TtT" Sat P.KEL ANG/PEN ANG/KU ANTAN
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      Page 39 Advertisements Column 5
      369 39 tagai INBHK VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOY SIN IMA SIN TIGER STAR 164N Sid 09-10/07 17-17/07 TIGER BAY 165N 07-07/07 13-15/07 21-21/07 KURR.SK 164 A 11-11/07 17-19/07 25-26/07 VSL VOY SMQAPORE/C ALCUTT A/SMQAPORE VESSEL VOY 'SIN CAL SIN LHOTSE 404 In Port 12-15/07 21-22/07 TIGER RIVER 133CN8 11-12/07
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      1205 40 I MAC-NELS S'PORE IMPORT:*22I6OO2 J PENANG: (04)*****6 J. BAHRU: (07) *****2 KK: (068) *****0 MEDAN: (061)*****2 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 PK SIN PEN PK SIN Colombo 5/7 6/7 7/7 5/7 6/7 7/7 Ldn/Flx/Rdm/Ant Durban/Pt Louis 5/7 6/7 7/7 8/7 9/7 10/7 Gothonburf/Stockholm/Oslo fM*
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      Page 40 Advertisements Column 2
      360 40 BLUE STAR LINE SINGAPORE TO NEW ZEALAND AND T/S FIJI FULLY CONTAINERISED MONTHLY SAILINGS DISCHARGING AT NEW PLYMOUTH PORT CHALMERS ACCEPTING FCL LCL FOR AUCKLAND, NAPIER, WELLINGTON, BLUFF, CHRISTCHURCH, DUNEDIN, LYTTELTON, INVERCARGIL, FIJI AND TAHITI SM It fIT MICK ITT PROSPECT VIJS 9U IS Jul Vi» NPL It hi MANDAMA
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      Page 40 Advertisements Column 3
      1208 40 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO I CONVENTIONAL/CONTAINER CONTAINER SERVICE? 3 SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vessel Ivor let* Ipest vessel opt spme r.
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      197 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 05 JUL 08 JUL TAMBANG VII 7934 06 JUL 08 JUL TAKARI I 1718 08 JUL 10
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      Page 42 Advertisements Column 2
      107 42 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and 1 I relevant book reviews. W I ENTERPRISE MANAGEMENT, in Business Times every Monday, is must )i reading for managers who want the J competitive
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  • Page 43 Miscellaneous
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      Page 43 Miscellaneous Column 1
      289 43 TIDES AND WEATHER TODAYS TIDES (height in metres) HOU 0000 0100 0200 0300 0400 0500 0600 *****100 0900 1000 HOI *****3M1400 ******************** 2MO 2100 22M 2300 JR 1.7 2.2 26 2.7 26 23 18 1.2 09 06 06 0.7 10 1.5 10 22 2.3 13 2.0 1.6 1J 1.0 09
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      787 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. TO PACIFIC NORTH-WEST fgpa vot hi we si it gm vor lbh oak sea lwe haul wi tcm/seh pti MMG CHUN 127 07/07 OS/07 10/07 H. INNOVATOR 42E 05/01 01/01 11/01 MY BRDCE 5« 02/ M 04/01 NAN KAI
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      Page 44 Advertisements Column 2
      169 44 IMMJIII... PASIR GUDANG SINGAPORE CONTAINER SERVICE Name Of Vessel: "JOSINDO SATU" PABIR OUOANG SINGAPORE VP 1 ETA 2100 MK LTD 0700 WIT ETA 1300 MS 013S 5/7 6/7 6/7 0145 1/7 »/7 »/7 0155 12/7 13/7 13/7 016S 15/7 M/ 7 18/7 0175 15/7 20/7 20/7 0115 22/7 23/7 23/7
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      Page 44 Advertisements Column 3
      518 44 CHARTPOINT Every Saturday in Business Times ItaSTta Ihtt llMwtaMl lln |U1 I OA* HOU low. |CM/ |«l IKM IMTC OUR USA SERVICE CALLS HA MM «SMN nt UUGATOiHOK *****4 M/ 7 {1/7 M/ 7 M/ 7 M/ 7 2S/7 25/7 8/7 77/7 9INPAPORF AAA MM »50» AUMAM IWH »»»5 14-11/7
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