The Business Times, 26 July 1991

Microfilm: NL17606
Total Pages: 44
1 44 The Business Times
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  • Title Section
    Masthead
    10 1 BUSINESS TIMES MCI (P) 16/12/90 Friday, July 26, 1991 75*
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  • NEWS SUMMARY
    • Article
      Digital posts loss of US$871m for fourth quarter
      61 1 MAYNARD, Massachusetts Digital Equipment Corp said it took a US$l.lO billion (551.92 billion) pre-tax restructuring charge against results for the fourth quarter ended June 29, causing a loss for the period of U*****.3 million. Digital said the cost savings from the restructuring
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    • Article
      Mida approves 84 electronics projects
      49 1 KUALA LUMPUR The Malaysian Industrial Development Authority has approved 84 manufacturing projects in the electronics industry with a proposed capital investment ot MS 1.35 billion (*****.2 million) in the first five months of this year, its chairman. Tan Sri Zainal Abidin Sulong. said yesterday.
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    • Article
      Biotech centre opened
      18 1 THE Economic Development Board's $11 million Food Biotechnology Centre was officially opened yesterday. Page 2
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    • Article
      Funds for small firms
      30 1 INDONESIA'S leading business tycoons have agreed to chip in to set up a venture capital company designed to help fund small and mediumscale enterprises Page 6
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    • Article
      Rare surplus for China
      42 1 AN IMPROVED economic performance has given China a rare budget surplus of 2.98 billion yuan (***** million) during the first half of 1991. but the Finance Minister warns that severe structural problems still dog the economy. Page 6
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    • Article
      MFN for Moscow likely
      29 1 US PRESIDENT George Bush is expected to grant most favoured nation trade status to the Soviet Union next week at the Moscow summit. Page 7
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    • Article
      Signs of rising rates
      20 1 RISING inflation figures have fuelled speculation that interest rates in Germany will rise soon Page 7
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    • Article
      Nobel winner dies
      26 1 ISAAC Bashevis Singer, a master chronicler of Jewish life and Noble Prize winner, died on Wednesday at the age of 87 Page 11
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    • Article
      Emergency talks
      39 1 ASEAN shippers are planning an emergency meeting of shipping lines to discuss the recent rises in freight rates for the Intra-Asian trade and the terminal handling charges imposed on some Asian ports. Shipping l imes Page 1
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  • NEWS & MARKETS SUMMARY
    • Article
      Dow lower
      35 1 WALL STREET was mixed early yesterday amid uncertainty about prospects for the fledgling economic recovery. The Dow Jones average of 30 industrials dropped 2.68 points to 2.963.55 in the first hour of trading.
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    • Article
      Footsie lower
      34 1 LONDON shares stayed in the doldrums at midday yesterday despite better than expected interim results from marketbellwether Imperial Chemical Industries. By noon, the FTSE 100-Share Index had lost 11.8 points to 2.568.7.
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    • Article
      D&C confirms move
      28 1 DEVELOPMENT Commercial Bank. Malaysia's fifth largest domestic bank, has confirmed that plans to merge with United Malayan Banking Corporation have been called off. Page 3
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    • Article
      Parkway/IGB grows
      33 1 ANOTHER member is being added to the Parkway/IGB family of listed companies in Hongkong with the proposed listing of Hsin Chong Construction, a "great grandson" of the Parkway/IGB group Page 3
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    • Article
      Tokyo scandal widens
      15 1 JAPAN'S brokerage scandal spread to six more securities houses yesterday Page 5
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    • Article, Illustration
      STOCK INDICES
      29 1 Ihursdas Change BT-MGA 718.86 -1.67 Kuala Lumpur ....599.97 -1.31 Tokyo 23.332.71 +35.24 Hongkong 4.012.62 -'6.15 Sydney 1.559.0 -13.6 Wednesday Change New York 2.966.23 -17.0 London 2.580.5 -7.4
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.7495 100 Yen SS 1.2714 MS SS 0.6283 Money market rates Overnight 4-5/8 -1/2 3-month 5-9/16% unch
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    • Article
      COMMODITIES
      37 1 London Gold AM fix USS365.10 -USSl.90 Rubber S'pore Aug 143.00*/kg -0.25 M'sia Aug 227.50*/kg unch KL Tin Turnover 55 tonnes -11 Spot MS 15.54/kg +0.03 Crude palm oil Turnover 2.399 lots -125 Aug MS893 /tonne +12
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  • Article
    Promet to sell Langkawi project for M$74.7m
    549 1  -  Deal will be Idris Hydraulic's first major acquisition By William Chia IN ITS first major acquisition, investment holding company Idris Hydraulic (Malaysia) is paying M 574.7 million (5547.1 million) to buy Promet Bhd's entire stake in the Langkawi Resort project. The surprise deal
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  • Article
    Lock icon Aussie business migrant scheme axed
    275 1 Move follows claims of fraud and abuse Reuter CANBERRA Australia yesterday scrapped its scheme to attract immigrants with business skills following allegations that the programme was open to fraud and organised crime. The end of the Business Migration Programme, mostly drawing people from Asia, and
    Reuter  -  275 words
  • Article, Illustration
    BIL founder's comments not fair, says company chairman
    466 1  -  From Alvin Tay in WELLINGTON BRUCE Hancox, chairman of Brierley Investments Ltd (BIL), has dismissed as unfair the comments by BIL founder Sir Ron Brierley about the company's stock not performing. In an interview with BT, Mr Hancox agreed that BIL shares
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  • Article
    Lower 1991 earnings expected for Brierley
    170 1 WELLINGTON Bricrlcy Investments Ltd's (BIL) fullyear results, due on Sept 26, will show mueh lower earnings, said chairman Bruce Hancox. He said analysts expect BIL's profit after tax and minority interests to he between NZ$200 million (S$I98.7 million) and NZ$240 million for the year
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  • Article
    Lock icon Iraq fails to meet UN deadline
    138 1 Reuter WASHINGTON Iraq has failed to comply with Thursday's deadline for full disclosure of its nuclear capabilities to the United Nations, the White Mouse said last night. Iraqi President Saddam Hussein "has not provided the information that is necessary," White House spokes- man Roman
    Reuter  -  138 words
  • Article, Illustration
    Lock icon Anwar calls for action against inflation
    257 1 Bernama KUALA LUMPUR The Malaysian economy is showing signs that it may be beginning to overheat and remedial action must be taken to nip inflation in the bud before it gets out of hand, Malaysian Finance Minister Datuk Seri Anwar Ibrahim said yesterday. He
    Bernama  -  257 words
  • Article
    Lock icon 35 Indonesian banks to cut rates
    251 1 AFP JAKARTA Thirty-five Indonesian banks, including the seven largest owned by the state, have agreed to act in unison to cut interest rates as of next month to comply with a government appeal. The deal was reached at a meeting of 28 private banks
    AFP  -  251 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      271 1 Allen Edmonds Petite hneut #02 3J(, Centrepoint (Tel: *****68) *01 10, Lang Court (Tel: *****52) S ledgers *02 07, Orchard Emerald (Tel: *****35) and selected retail outlets. Kn/ield 1 Aircraft Schedule 25 Money Market 23 Weather 25 Commodities 24 Reporal/Ml Co News 4 World News 7 Cryptic Crossword 25 Regional
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    • Advertisement
      Page 1 Advertisements Column 2
      56 1 I Compact A3-format Copier. Minolta r r SHOES 8. M ACCESSORIES £0 M BALLY BOUTIQUE in SINGAPORE *01 OIH Shaw Centre/Waffles City/Poyal Holiday Inn Crowne Plaza Authorised dealers DFS. Mender) Motel Isetan, Havelock Road/Parkway Parade Wisma Atria. Daimaru, Liang Court Studio Accessories Hyatt Hotel/Sogo Paragon; Scotts Weitnauer Changi Terminal 2
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        On-The-Job launch
        63 2 MAH BOW TAN, the Minister of State for Trade and Industry chairman of the National Productivity Board, will officially launch the NPB-Seiko Instruments National On-The-Job Training Package today. Senior Minister Lee Kuan Yew will be a special guest at the function, which is also Seiko Instruments' 15th anniversary.
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      • Article
        Calling toll-free from Taiwan
        63 2 SINGAPORE Telecom will be extending its international toll-free telephone service to Taiwan from Aug 1, bringing the total number of countries included in this service to 20. The toll-free service, first introduced to the US mainland in July 1988, allows direct calls to be made to
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      • Article
        Tea party for nurses
        76 2 PRESIDENT and Mrs Wee Kim Wee will host a garden tea party for nurses on Aug 1 to celebrate Nurses' Day. Some 500 nurses from public, restructured and private institutions will be at the event. A separate function. The Nurses' Graduation and Merit Awards Presentation Ceremony,
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    • Article
      A portable office in your mobile phone
      134 2 MOBILE phone users will soon be able to receive a fax or use an electronic notebook on the beach, while dining in a restaurant or anywhere in the island. These extra features come with Hotline, a new mobile phone from Sweden-based Ericsson Mobile
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    • Article
      Food biotech centre gives boost to national plan
      247 2  -  By Carolyn Lim THE National Biotechnology Masterplan is gaining momentum. Yesterday, Philip Yeo, chairman of the Economic Development Board, opened the $11 million Food Biotechnology Centre (FBC) which will develop improved food products and processes. The EDB has also set up an
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    • Article
      Securitised property market may develop in Singapore
      526 2  -  By Elaine Koh THE trend towards megaprojects in Singapore is likely to inject capital market know-how into the real estate market, which is likely to see the development of a securitised property market. This was the view of Edmund Tie, managing director of
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    • Article
      Smaller increase in construction costs expected this year
      373 2  -  By Colin Tan THE Building Cost Index (BC1), a measure of what it costs contractors to construct a building, is projected to increase 6 per cent this year. This is lower than the increases for 1990 and 1989 of 9 per cent
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    • Article
      Fewer Japanese expected to head for Singapore
      234 2  -  By Sangeeta Mulchand ALTHOUGH the number of Japanese going abroad for their summer holidays is expected to go up by 4.2 per cent, Singapore is headed for a 15 per cent drop in the number of Japanese tourists compared with the same period
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      1137 2 Cm BANKO Citibank. N A. (Incorporated with Limited Liability in the U S A.) CONSOLIDATED BALANCE SHEET citicorp and subsidiaries CONSOLIDATED STATEMENT OF OPERATIONS citicorp and subsidiaries Oacwnbtr 31 December 31 IN MILLIONS Of U.S. DOLLARS 1«0 1989 N MILLIONS OF U.S. DOLLARS EXCEPT PER SHARE AMOUNTS 19W 1989 Qwf
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    • Advertisement
      Page 2 Advertisements Column 2
      69 2 3 TIMES A WEEK BY EMIRATES. 3 DAYS FROM $1,610 4 DAYS FROM $1,690 5 DAYS FROM $1,760 Great Value Prices Include: Return airfare Accommodation in 5-Star Hotel (Hyatt. Hilton, Intercontinental) Daily American Breakfast Meet and assist at Duhai Airport Transfers air port-hotel-air port Arrangement of visa Prices are valid
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  • SINGAPORE – MALAYSIA COMPANY NEWS
    • Article
      D&C confirms merger with UMBC is off
      505 3  -  UMBCs debt problem now in hands of majority holder Pernas By Magdalene Ng DEVELOPMENT Commercial Bank confirmed yesterday that plans to merge with United Malayan Banking Corporation has been called off. In a statement to the Kuala Lumpur Stock Exchange, D&C Bank said
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    • Article
      Parkway-linked unit seeks HK listing
      400 3  -  Hsin Chong Construction offering 125 million shares By Lee Han Shih ANOTHER member will soon join the fast-growing family of listed companies controlled by the Parkway/IGB group, following the listing of a "great-grandson" of Parkway in Hongkong. Hsin Chong Construction, which launched its share offer
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    • Article
      Financial services and cement boost MUI's earnings
      401 3 FINANCIAL services and cement have again boosted the profits of the Malayan United Industries (MUI) group. MUI yesterday announced its interim results for the period ended June 30, showing a 22 per cent increase in turnover to MS22B million (*****.2 million) and a
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    • Article
      Telekom M'sia earnings double
      358 3  -  By Lilian Ang TELEKOM Malaysia Bcrhad has turned in a brilliant M 5512.3 million (*****.2 million) in earnings for the interim period ended June 30, 1991. double the amount it made during the same period last year. The Kuala Lumpur-listed group's unaudited results, announced yesterday, take
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    • Article
      OUB revamps management structure
      309 3  -  By Kooi Cho Teng OVERSEAS Union Bank (OUB) yesterday announced another major reorganisation of its management structure. The president and CEO of OUB, Peter Seah Lim Huat. expressed confidence that the new structure will enable the bank to better respond to an increasingly competitive environment. The
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    • Article
      Interest cost could erode Lum Chang project's profit
      323 3  -  By Lee Han Shih INTEREST cost is likely to take a big bite out of the profit of Lum Chang's Highgate Park, a terrace house and condominium project on Toh Tuck Road. A letter from Lum Chung to the Stock Exchange of
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    • Article
      Lock icon Angkasa makes strong debut on KLSE
      228 3 MBT Bernama KUALA LUMPUR Angkasa Marketing, which made its debut on the main board of the kuala Lumpur Stock Exchange vesterdav, opened at M 55.60 (553.52), a hefty premium of M 53.10 a share. The share price and volume then began a steady climb,
      MBT; Bernama  -  228 words
    • COMPANY BRIEFS
      • Article
        Renong raises stake in UEM to 38.69 pc
        110 3 KUALA LUMPUR Renong Bhd has raised its stake in United Engineers (M) Bhd to 38.69 per cent and has been granted a waiver by the panel on takeovers and mergers from making a mandatory general offer. Bumiputra Merchant Bankers Bhd yesterday said
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      • Article
        Hong Fok completes LET deal
        92 3 HONG FOK Corporation Ltd announced that its 75 per cent-owned subsidiary, HFL International Consortium Ltd, has successfully completed the acquisition of LET Pacific Ltd in Hongkong. HFL currently holds 93 per cent of the issued share capital and 86 per cent of outstanding warrants of
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      • Article
        Harimau's NTA
        30 3 HARIMAU Investments Ltd announced that its net tangible asset backing for each of its $1 shares was $1.79, based on the group's unaudited results as at June 30.
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      • Article
        Golden Hope in fruit juice pact
        74 3 KUALA LUMPUR Golden Hope Plantations and Sunfresh Singapore Pte Ltd have signed a joint-venture agreement to manufacture fruit juices in Malaysia. Golden Hope owns 60 per cent of the joint-venture company. Entree Sdn Bhd, and Sunfresh the other 40 per cent. Entree will manufacture
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      • Article
        Supreme Corp sells unit
        81 3 KUALA LUMPUR Supreme Corporation Bhd has sold its wholly-owned subsidiary, Kancil Jaya Sdn Bhd, to Perumahan Farlim (M) Sdn Bhd. The share price paid for KJ, whose only substantial asset is 105 acres of ex-tin mining land, was at a 27.8 per cent discount on its
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  • Page 3 Advertisements
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      Page 3 Advertisements Column 1
      184 3 I've switched to ANA Hotel Si ngapore. i k ANA HOTEL SINGAPORE 1.. \...-..i. I I'll s,n.litj lirntai I(t. II I Vlt.M, K.-.-l' ,-l tl>. t Mr- \.,y r." m.N-1 W \IIM\ I<S .MM" I, I |;j. FOR THE WORLD'S MOST TREASURED WATCHES IWC One establishment in Singapore The little
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  • REGIONAL / INTERNATIONAL COMPANY NEWS
    • COMPANY BRIEFS
      • Article
        Thorn EMI management buys its own software arm
        79 4 LONDON Entertainment and electronics company Thorn EMI pic said it had agreed to sell its software unit to its current management for a total consideration of £82 million (***** million). The company will be renamed Data Sciences Ltd. The management will buy
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      • Article
        International Nickel's gains up
        48 4 TORONTO PT International Nickel Indonesia. 58 per cent owned by Inco Ltd, said increased nickel deliveries and lower unit production costs helped push its second quarter net earnings to C 519.4 million (5529.9 million), from C 59.6 million in the first quarter of 1991.
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      • Article
        No layoffs, says Compaq
        76 4 NEW YORK Compaq Computer Corp said it would not resort to staff reductions, despite a sharp drop in its gross margin levels and widespread industry weakness. "We're not cutting jobs," Compaq President Rod Canion said. "That's one area where we're different." The company earlier said second
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      • Article
        Lam Soon closes higher
        69 4 HONGKONG Newly-listed Lam Soon Food Industries (LSFI), which began trading on Wednesday, closed 7 per cent higher than its offer price of HKS2.IO (550.46) per share. Local press reports said the shares traded actively between HK52.225 to HK52.35, before closing at $2.25. Total turnover was 26.55
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      • Article
        No takeover evidence: Heineken
        85 4 AMSTERDAM Heineken NV said it saw no evidence that Philip Morris Cos Inc, Anheuser-Busch Cos Inc or Procter Gamble Co were buying its shares, despite market rumours that the three US companies were planning a takeover. "I have absolutely no proof that any of these three
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      • Article
        Taiwan to barter with Soviets
        58 4 TAIPEI Taiwan's state-owned China Steel Corp plans to swap Taiwanese goods, including shoes and computers, for Soviet aluminium ingots in the island's first major barter trade deal with the USSR. Negotiations for the deal are now underway with a Soviet trading company, said Mr Wang
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      • Article
        Computer firm's fraud case
        57 4 PARIS France's bourse regulator, the Commission des Operations de Bourse (COB), said it has passed the preliminary results of an inquiry into the accounts of bankrupt microcomputer firm SMT-Goupil to the public prosecutor. The COB said some financial information disseminated by the group since Jan 1,
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      • Article
        Hitachi, TRW join forces
        52 4 TOKYO Japan's Hitachi Ltd and the TRW Inc of the US have formed a long-term and wide-range strategic alliance in the aerospace business, Hitachi said in a statement. The companies will jointly develop technologies and products and will jointly take orders in the aerospace business, the
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      • Article
        Trafalgar House faces query
        45 4 LONDON UK Secretary of State for Trade and Industry Peter Lilley said he would refer the planned acquisition by Trafalgar House pic of specialist engineer Davy Corp pic to the Monopolies and Mergers Commission (MMC), unless Trafalgar House made certain undertakings.
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    • Article
      Lock icon Restructure expected to help ICI's profits
      216 4 Reuter LONDON Imperial Chemical Industries pic said its current restructuring would boost group profits by £400 million (Ssl.2 billion) a year when it is completed within the next two years. ICI announced a 31 per cent drop in first half pre-tax profits to £507
      Reuter  -  216 words
    • Article
      Lock icon EC fines Tetra Pak a record US$87m
      198 4 AP BRUSSELS The EC announced on Wednesday it has fined Swiss-based packaging concern Tetra Pak Group US$B7 million (*****.38 million) for abusive marketing and pricing practices that distorted trade across the European Community. The fine of 75 million ECUs was announced after an
      AP  -  198 words
    • Article, Illustration
      Lock icon RJR Nabisco reports positive second quarter
      364 4 Outlook bright as dramatic debt reductions boost earnings Reuter NEW YORK RJR Nabisco Holding Corp. which posted positive second quarter earnings after suffering heavy losses a year ago, said the outlook for the rest of 1991 remains bright. RJR said its second quarter results
      Reuter  -  364 words
    • Article
      Lock icon Europe sales help Exxon results
      148 4 Reuter IRVING, Texas Exxon Corp chairman LG Raw I said second quarter earnings benefited from improved natural gas sales volumes, particularly in Europe, where demand was strong. He said growth in refining and marketing volumes was concentrated in the US, but crude volumes were lower
      Reuter  -  148 words
    • Article
      Lock icon Microsoft results show strong sales worldwide
      202 4 Reuter REDMOND, Washington Microsoft Corp said results for the fourth quarter and year ended June 30. 1991, reflected record revenues from both worldwide retail and worldwide original equipment manufacturers' (OEM) sales channels. It said results also reflected the continuing growth of the Microsoft Windows
      Reuter  -  202 words
    • Article
      Lock icon Orient Overseas plans to sell majority stake in subsidiary
      180 4 Reuter HONG KONG Orient Overseas (International) Ltd (OOIL), 75 per cent owned by locally listed Orient Overseas (Holdings) Ltd (OOHL), will sell a majority share in its newly formed subsidiary Openkeep Ltd to Hutchison Whampoa Ltd. OOHL said. Hutchison subsidiary Phoenixcoast
      Reuter  -  180 words
    • Article
      Lock icon McDonald's second quarter profits up 8pc
      428 4 AP CHICAGO McDonald's Corp said on Wednesday that its net income rose 8 per cent in the second quarter, mainly reflecting expansion and favourable effects of a weaker dollar. Domestic sales growth continued to lag far behind sales growth of overseas restaurants, although McDonald's
      AP  -  428 words
    • Article, Illustration
      Lock icon NZ Telecom hits Wall Street with a bang
      693 4 NYT NEW YORK The most active stock on the New York Stock Exchange late last week was not an American one. but Telecom Corporation of New Zealand, the country's telephone company. In that burst of activity, which followed a hugely successful initial
      NYT  -  693 words
  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      78 4 TANG SAN ANTIQUE HOUSE cordially invite p the pleasure of your company to MING AND QING DYNASTIES ANTIQUE FURNITURE EXHIBITION yiNO OFFIOAJ-S LAM (JUAN HAT ARMCHAIR (Wl MKi WOOD) VVu Mel, Zitan Huang lluali, Jichi, Duan, Blackwood And Klmwood. Venue: Mandarin Singapore Reception Hall (sth Floor.Soulh Wing) 333, Orchard Road,
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  • FINANCIAL NEWS
    • Article
      Lock icon Japan's brokerage scandal spreads to six more firms
      362 5 Reuter TOKYO Japan's brokerage scandal spread to six more securities houses on Thursday, bringing the amount of money improperly paid to clients to more than US$l billion (S$ 1.75 billion). As the scandal has developed, the powerful Ministry of Finance has been
      Reuter  -  362 words
    • Article
      Lock icon World Bank's net income for FY91 up 15 per cent
      331 5 Reuter NEW YORK The World Bank earned a net income of US$l.2 billion (Ss2.l billion) in fiscal year 1991, up 15 per cent from US$l.O5 billion in fiscal year 1990, said Ernest Stern, the senior vice-presi-dent for finance, on Wednesday.
      Reuter  -  331 words
    • Article, Illustration
      Lock icon Fuji Bank sues 3 former staff over fraudulent deals
      296 5 Fake certificates of deposit issued to clients AFP TOKYO Japan's Fuji Bank Ltd said it took legal action on Wednesday against three former employees involved in fraudulent transactions which resulted in a loss of 27 billion yen (***** million). "Some employees
      AFP  -  296 words
    • SMALL CHANGE
      • Article
        First Chicago restructures unit
        66 5 CHICAGO First Chicago Corp said it is restructuring its Global Corporate Bank, which will include layoffs of about 1,000 employees and result in a third quarter charge to earnings of about US$3O (5552.5) to US$4O million. The Bank serves large corporate and institutional customers. The restructuring
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      • Article
        Hopeful signs in UK housing
        76 5 LONDON Lloyds Abbey Life pic's chairman Michael Hepher said there were signs of an upswing in the housing market, the area that had weighed most heavily on the group's half-year profits. "The market is beginning to show a small upturn in the south although there
        76 words
      • Article
        Bad loans hit Bank of China
        76 5 BEIJING The Bank of China, the central foreign exchange bank, has become increasingly burdened by bad debt and will halt lending to failing exporters, an official was quoted on Thursday as saying. Local currency credits listed as "misused" totaled 20 billion yuan (5516.4 billion)
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      • Article
        Earlier US trading hour row
        49 5 WASHINGTON The battle over early US trading hours for stocks moved to the Securities and Exchange Commission as a strong opponent of an earlier opening for trading tried to muster regulatory support. Officials from Montgomery Securities met with SEC officials and voiced their objections.
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    • Article
      2-day Asia-Pac futures symposium next week
      115 5 SINGAPORE The Singapore International Monetary Exchange (Simex) and the Chicago Board of Trade (CBOT) are jointly sponsoring the two-day Asia Pacific Futures Research Symposium, which will be held in Singapore on July 29 and 30. The symposium is being held in cooperation with the
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      110 5 THE SECRET OF THE FABULOUS COCKTAIL WILL BE REVEALED ON 16 SEPTEMBER 1991. fll "U wLr*" v ivSj RAFFLES HOTEL REOPENS 16 SEPTEMBER 1991. RAFFLES HOTEL REOPENS WITH 104 SUITES. BAR AND BILLIAJU) ROOM. RAFFLES GRILL. TIFFIN ROOM. WRITER'S BAR. LOBBY BAR AND FUNCTION AREAS INCLUDING THE EAST INDIA ROOMS
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      Page 5 Advertisements Column 2
      80 5 SYour Boldline computer is backed by one of the boldest service schemes ever: If ire cant repair it in 48 hours, you get a replacement. (This applies to any out-of-box failure -within the ivatTanty period) This bold promise is backed by Wearnes' proven technology, which brings you the world's latest
      80 words
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  • THE REGION/THE WORLD
    • WORLD WATCH
      • Article
        Hongkong posts trade deficit for June
        90 6 HONGKONG Hongkong recorded a trade deficit of HKS2.S billion (***** million) in June, compared with a HKSI.O2 billion surplus during the same period in 1990, official figures released yesterday showed. The value of domestic exports fell 0.2 per cent to HKSIB.B billion in June,
        90 words
      • Article
        No incinerator monopoly: Taipei
        69 6 TAIPEI Taiwan is to take steps to prevent Japanese firms from dominating its incinerator market by encouraging local, European and US firms to compete here, economic officials said yesterday. In an attempt to break Japan's monopoly over construction of incinerators on the island. Premier Hau Peitsun
        69 words
      • Article
        S Korea's tourism balance falls
        79 6 SEOUL South Korea's tourism balance swung to a deficit of USS2OO million (SS3SO million) in the first half of the year, led by a surge in the number of Koreans going abroad, the Bank of Korea said yesterday. Korean tourists spent US$l.77 billion abroad, up
        79 words
      • Article
        Various degrees of popularity
        91 6 TOKYO Japanese Prime Minister Toshiki Kaifu's popularity dropped in an opinion poll conducted just before the London summit, but it was up in another poll taken just after the industrialised nations' meeting. A monthly poll conducted between July 11 and 15 showed Mr Kaifu's popularity had
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      • Article
        Manila gets environment loans
        81 6 MANILA The World Bank and Japan's Overseas Economic Cooperation Fund (OECF) have approved two complementary' loans totalling US$32O million (SSS6O million) to the Philippines for the environmental and natural resources sectors, officials said. The approval for the World Bank loan, which came to US$224 million, was
        81 words
      • Article
        EC to monitor east German aid
        58 6 BRUSSELS The European Commission said it and Germany had agreed that the European Community executive would vet state aid granted to east German companies as they are privatised. The commission will be notified of the most important cases and it will vet them quickly
        58 words
    • Article
      Lock icon Koreans brave heat in midst of energy saving campaign
      313 6 AFP SEOUL South Korea this summer is in the midst of an energy eampaign that has office workers stalking darkened halls and the President conducting Cabinet meetings in a short-sleeved, opennecked shirt. At the heart of the campaign is the fear
      AFP  -  313 words
    • Article
      Lock icon Australia's rich get richer, while the poor get poorer
      377 6 AFP SYDNFY Australia's richest one per cent doubled their taxable ineome while the poorest 20 per cent reduced theirs by 17.6 per cent during the six years from 1983, according to new figures. The figures, compiled from tax office data, were
      AFP  -  377 words
    • Article, Illustration
      Lock icon Top Indon tycoons forming company to help small firms
      209 6 Plan to offer venture capital and managerial help AFP JAKARTA Indonesia's leading business tycoons have agreed to chip in to set up a venture capital company designed to help fund small and medium-scale enterprises, the official Antara news agency said yesterday.
      AFP  -  209 words
    • Article
      Lock icon Yugoslav chamber accepts plan to stabilise economy
      249 6 Reuter BELGRADE The Yugoslav Parliament on Wednes- day approved a tough government programme to keep the state running and prevent an economic collapse. The 220-member chamber accepted the plan without a vote, clearing the way for formal adoption by Parliament that will allow
      Reuter  -  249 words
    • Article, Illustration
      Schwarzkopf gets top Foreign Legion honour
      50 6 AUBAGNE, France US General Norman Schwarzkopf (right) receiving the medal of Grand Officer of the Ijegion of Honour on Wednesday from General Maurice Schmitt at the Foreign Legion Headquarters. On Monday, General Schwarzkopf was awarded the Distinguished Order of Kuwait, the emirate's highest honour.
      50 words
    • Article
      Lock icon China posts rare budget surplus in first half
      525 6 Reuter BEIJING China posted a rare budget surplus during the first half of 1991, but the country's finance minister gave warning that severe structural problems still dogged the economy. The official press yesterday quoted Finance Minister Wang Bingqian as saying that improved
      Reuter  -  525 words
    • Article
      Lock icon Taiwanese traders turning attention to new Gulf markets
      316 6 UPI DUBAI Weather, war, wealth and a weak US market are encouraging Taiwan's traders to look for new markets in the Middle East and the Gulf. Taiwanese commercial sources said on Wednesday that they were planning to boost exports to Middle Eastern
      UPI  -  316 words
    • Article
      Lock icon Jakarta threatens Gatt action over wood row with Tokyo
      227 6 AFP JAKARTA Indonesia has warned that it will take Japan before the General Agreement on Tariffs and Trade (Gatt) if Tokyo continues to allegedly obstruct plywood imports from Indonesia b> unfair means. "We will argue that there is no reason whatsoever
      AFP  -  227 words
    • Article, Illustration
      Lock icon Better prospects for MNCs in India
      651 6 Upturn follows raising of direct foreign investment limit AFP BOMBAY After a gap of 18 years, things are looking up for multinationals that already have operations in India as well as those considering the possibility of setting up subsidiaries here. the upturn follows the
      AFP  -  651 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Bush expected to grant MFN status to Soviet Union
      395 7 Decision expected at next week's summit Agencies WASHINGTON US President George Bush is likely to grant most favoured nation (MFN) trade status to the Soviet Union next week at the Moscow summit, says a senior US official. The official, who requested
      Agencies  -  395 words
    • Article
      Lock icon Moscow must fulfill some conditions to be full IMF member
      212 7 AFP BONN The Soviet Union will have to fulfill certain conditions before it can become a full member of the International Monetary Fund (IMF) and the World Bank, the German Finance Ministry said on Wednesday. The Soviet Union on Tuesday
      AFP  -  212 words
    • Article
      Lock icon Inflation figures fuel talk of German rate rise
      422 7 Reuter FRANKFURT Year-on-year inflation in the German state of Hesse surged past 5 per cent this month, stoking financial market speculation that domestic interest rates would rise soon, say independent economists. Leading bankers and industrialists say higher rates are inevitable by the
      Reuter  -  422 words
    • Article, Illustration
      Mandela in Jamaica for talks
      38 7 KINGSTON, Jamaica ANC deputy leader Nelson Mandela, flanked by his wife Winnie and Jamaican Premier Michael Manley, saluting the croud which greeted his arrival on Wednesday. He was to meet regional leaders there.
      38 words
    • Article
      Lock icon Rising Japanese investment in EC seen
      206 7 Reuter LONDON Japanese companies look set to increase direct investment in European manufacturing as they seek to secure access to the single European Community market to emerge next year, says an economist. The pace of such investment had been accelerating rapidly in the last
      Reuter  -  206 words
    • Article
      Lock icon EC orders state firms to reveal finances
      176 7 AFP BRUSSELS The European Commission has ruled that large state-run companies in the European Community must submit annual reports so that the Commission can identify the state aid they have received. It said on Wednesday that the decision would apply to all manufacturing
      AFP  -  176 words
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      60 7 I V A«i^CINTECH II at the Singapore Science Park is fully occupied by: Du Pont Fujitsu Japan-Singapore Al Centre Singapore Network Services UNIX International science PARK i We m their needs. We delivered. Soon to come... CINTECH 111. call *****33 or visit us at CINTECH II f 16 SCIENCE PARK
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  • Article
    The cornerstone must stay
    486 8 EDITORIAL EXCITING, often momentous, changes mark the period when one grows from adolescent to adult. New experiences are sweetly savoured, but where they prove disorienting, the process can be altogether painful and traumatic. Singapore is in the midst of such changes. The climate of openness wrought
    486 words
  • WHAT THE OTHERS SAY
    • Article
      This way to Asean summit
      221 8 WHEN Asean foreign minister ministers met in Kuala Lumpur last week, the stark choice they faced was whether to chart new directions to boost economic and political co-operation or run the risk of becoming irrelevant. Given that Asean has little choice but to respond to
      221 words
    • Article
      Regional security
      152 8 THE Asean Ministerial Meeting (AMM) ended with a strong resolve to seek better ways to improve relationships among countries in the region. The Indochinese countries have shown interest to open up their countries and forge economic co-operation with Asean. Despite initial reservations, Asean has accepted Japan's proposal that
      152 words
    • Article
      Fruitful dialogue
      119 8 IT IS gratifying that China and the Soviet Union! have expressed their willingness to become dialogue partners of Asean. Both the Chinese Foreign Minister Qian Qichen and Soviet Deputy Prime Minister Yuri Maslyukov felt that their being dialogue partners of Asean will boost regional security and economic development.
      119 words
  • REGIONAL VIEWPOINTS
    • Article
      Lesson well learnt
      229 8 IT WAS an atonement of sort when Australian Foreign and Trade Minister Gareth Fvans spoke about some of his countrymen who had been insensitive and insulting to certain contemporary Malaysian realities. He said Australia wants Malaysia to forget the past and work together in establishing a better
      229 words
    • Article
      Growing scepticism
      150 8 ONE of the first formal pledges made by the National Peacekeeping Council after the Feb 23 coup d'etat was to effect a speedy return of democratic rule. A similar pledge was made by the interim administration of Prime Minister Anand Panyarachun after it assumed office. Now. five months
      150 words
    • Article
      Plan for peace
      106 8 WHILST security was a subject of extreme importance in shaky times of the Cold War. surely its significance has lost its edgy lustre in view of the international paradigm changes. Surely the current global attitude would not allow any country to invade another, as Iraq's lesson clearly
      106 words
  • Article
    Period of strategic alliances
    934 8  -  Every major computer vendor has a direct or indirect presence in India. Rajendra Bajpai reports for BT from New Delhi on India's place in the world of high-technology Rajendra Bajpai The writer contributes occasionally to BT COMPUTER giants are knocking on India's door and setting up
    934 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      740 8 I Rabobank Group 1 I Head Office Croeselaan 18. 3521 CB Utrecht The Netherlands H I Singapore Branch 50 Rattles Mace. *32-01 Shell Tower. Singapore 0104 I Consolidated Balance Sheet Consolidated Statement of Income I I As of December 31 (after profit appropriation) For the year ended December 31 I
      740 words
  • Page 8 Miscellaneous
    • Miscellaneous
      Page 8 Miscellaneous Column 1
      43 8 DOONESBURY BY GARRY TRUDEAU HONtY,LtVS6STYOU *9 HOMesoYOutANTAKe I <9 ft A tjHoujep ANP UNUJ/KP RRI 9 IU-H6ATUP7HB MSA7- S I SHS iAj#i LOAFANP WU- HAVE A M TRASH, RAV. OH mom, met PMNtP Ez&WThim's 9 notPWb SHUT tX»N6TO Be j WEPPIN6 2 z
      43 words
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  • ANALYSIS
    • Article
      Too soft on the business of softing?
      946 9 The practice among stockbrokers of charging a commission and then returning part of it to their client in kind is gaining in popularity. But. asks The Economist, is this a desirable way to conduct business LAST year Britain's Securities and Investments Boards blessed
      946 words
    • Article, Illustration
      John Major: Proving he is his own man
      1469 9  -  How well is John Major faring? Neville Stack discusses what the British Prime Minister has done so far. and looks at what he can do to ensure the success of his premiership Neville Stack I he writer is a consultant and political
      1,469 words
    • Article
      Lock icon Quiet success of a high-grade debt market
      852 9  -  Some investors have discovered how worthwhile it is to put their money in high-grade Latin American debt. John Duffy reports John Duffy IHT AMONG emerging world markets, few have performed so consistently and yet been more overlooked by individual investors than the market
      IHT  -  852 words
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  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      243 10 WHERE TO WIHE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE PRINCESS •••now on Fridays and Saturdays Fn>m now on, our Chinese Porridge Buffet will he served only on Fridays and Saturdays from 10.30pm to 3.30 am but at the same old prices $11.00 for
      243 words
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      Page 10 Advertisements Column 2
      324 10 lum'j; *****1 l UN Malaysian Foml festival Make your choice from the tempting array of Malaysian delights presented to you a hi hawker style. Give your taste-buds a treat and send them to heaven with Plum's Malaysian Food Festival. There're even souvenirs for you to take home and return air
      324 words
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      Page 10 Advertisements Column 3
      306 10 Sing in the Subway! Happy hours at Subway are now singing hours. So ride on down to Subway for Happy I Jours when all drinks are going for a song. PLAZA Hotel 1 ,a PPV I ,ours: S° R\AIAY ■«UKMMrH«niTMM 0 Qpm I Will I \J </%> jci V*- y
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      Page 10 Advertisements Column 4
      255 10 PERFORMED DAILY AT jM THE P,NE court Amidst Imperial splendour, our chefs rMjjFlt> stage their highly-acclaimed performance fWff of legendary Belong cuisine to the satis- sJpr ii. faction of demanding diners To guarantee W /lIW your place amongst the discerning, make I 11 your reservations early H Lunch I 2pm
      255 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      853 10 TELEVISION AND RADIO II SBCI2 i 930 Friday Background (See Our 4.30 I\l IV> IV I 1 m 111 t\ IIC II 7.00 AM CNN International (L). 10.15 The Golden Girls Yhc girls are 530 Dinosaucers (Cartoon). BBC, 88.9 mHi in VHF Band II 8.00 Close. surprised when a Secret
      853 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon A true entertainer of the spirit
      759 11  -  OBITUARY Eric Pace pays tribute to Isaac Bashevis Singer, a master chronicler of Jewish life, who passed away on Wednesday at the age of 87 Eric Pace NYT ISAAC Bashevis Singer. whose vivid evocations of Jewish life in his native Poland and of his
      NYT  -  759 words
    • Article
      Finding an answer to a royal question
      228 11 CHATTERBOX A LONDON tabloid newspaper elaimed yesterday to have the answer to a question being asked by millions of Britons: whether Prince C harles and his wife Diana will be together for their 10th wedding anniversary. "Yes. they WILL spend the night together,"
      228 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      276 11 AND ENTEBTAIN 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
      276 words
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      Page 11 Advertisements Column 2
      71 11 pil Lobster Salad with Fresh Fruits 2=f Superior Shark's Fin with Chicken Prawn W/Spring Onions in Hot Sizzling Plate Red Fish with Soya Bean Crumbs Winter Melon with Broccoli Braised Noodles with Shredded Duck Mapte Leaf Pan Cake fp XjPyMAPLE LEAF Sze-Chuan Restaurant 390 Victoria Street #01-01/08 Golden Landmark Shopping
      71 words
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  • SPORTS 1
    • SIDE LINES
      • Article
        Senna faces double test of nerves
        120 12 HOCKENHEIM, Germany World champion Formula One driver Ayrton Senna faces a double test of his normally ice-cool nerve in Sunday's German Grand Prix here. Senna must get back to winning ways but to do so this week he will have to conquer the track
        120 words
      • Article
        Menotti's hope
        76 12 MIAMI Cesar Luis Menotti, coach of the 1978 World Cup champion Argentina squad, says he wants to coach Mexico in the 1994 World Cup tournament. Menotti was quoted in Wednesday's edition of El Nuevo Herald, a Spanish-language sister paper to the Miami Herald, as saying he hopes to
        76 words
      • Article
        Johnson to run 100m
        140 12 MONTREAL Canadian sprinter Ben Johnson is expected to compete in the 100 metres at the Canadian Track and Field Championships here today, and may put off his decision on whether he will enter that race at the World Championships in Tokyo next month. Johnson, whose best
        140 words
      • Article
        Gildemeister downs Field
        103 12 PURCHASE, New York Top-seeded Laura Gildemeister used a crucial break in the second set to defeat Louise Field of Australia 7-5, 6-4 on Wednesday and reach the quarter-finals of the US$lOO,OOO Westchester Ladies Cup. Second-seeded Lori McNeil needed a third-set tie-breaker to defeat Andrea Farley of Houston
        103 words
      • Article
        Seles hits back
        129 12 CARLSBAD, California Monica Seles shot back at Wimbledon champion Steffi Graf on Wednesday for remarks the German tennis star made to the press regarding the world number one's decision not to play in the Federation Cup this week. Seles, who has come under severe criticism since she
        129 words
    • Article, Illustration
      Lock icon Agassi crashes, Lendl struggles
      319 12 Canadian Open UPI MONTREAL Andre Agassi became the latest top seed to be upset in the US$l.2 million (552.04 million) Canadian Open, falling 7-6 (7-3), 6-2 to Petr Korda of Czechoslovakia on Wednesday. Agassi joins fourth seed Pete Sampras and No 5 seed Michael Chang who
      UPI  -  319 words
    • Article
      Lock icon US makes it to Federation Cup quarters
      289 12 UPI NOTTINGHAM, England Jennifer Capriati retained her perfect record in Federation Cup competition when she won singles and doubles matches on Wednesday, lifting the United States to a 3-0 sweep of Bulgaria and into the quarter-finals. In the singles, 15-year-old Capriati defeated 16-year-old
      UPI  -  289 words
    • Article
      Lock icon Carner feels it's time to hit the greens again
      394 12 AP CANTON, Massachussetts She's 52. She's already in the LPGA Hall of Fame. She's one of the tour's most recognisable players and has made enough money to enjoy a pleasant semi-retirement. Instead, JoAnne Carner stands for hours in the sun, still
      AP  -  394 words
    • Article
      Lock icon Trevino and the almost missing trophy
      223 12 AP BIRMINGHAM, Michigan Lee Trevino is here, as well as the trophy he will defend this week in the US Senior Open. But early on Tuesday there was a moment when both Trevino and trophy were in danger of being among the missing. "I
      AP  -  223 words
    • Article, Illustration
      Lock icon LeMond concedes defeat but vows to return
      699 13 Tour de France AP MORZINE, France The king of the Tour de France has been dethroned. All Greg LeMond can do is look forward to next year. "Yes, next year I'll be back and it's not because it went bad this year," LeMond
      AP  -  699 words
    • Article
      Lock icon Designer fuel gives Williams the edge
      172 13 Reuter LONDON Alain Prost, in an unguarded moment after the British Grand Prix, yearned for the fuel which powered Nigel Mansell to victory. "It would do me good." said Prost. "I would like to have it in my car." But Prost would not benefit,
      Reuter  -  172 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      134 12 ir JL^V.«If^H The stunning new Mitsubishi Sigma: '90-'9l Japanese Car of The Year; a DOHC. electronically controlled multi-point fuel-injected 3 litre V 6 that produces maximum power of 151 k\v. Fitted with MICS. the Mitsubishi Intelligent Cockpit System that automatically adjusts scats to your desired position; equipped with automatic climatic
      134 words
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  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      915 13 OCHASe0 CHASe THE CHASE MANHATTAN BANK, N.A. AND SUBSIDIARIES HEAD OFFICE: 1 Chase Manhattan Plaza, New York, New York ***** CONSOLIDATED STATEMENT OF CONDITION ~T CONSOLIDATED STATEMENT OF INCOME The Chase Manhattan Bank, N.A. and Subsidiaries Th* Chase Manhattan Bank, N.A. and Subsidiaries Dscsmbsr 31, Vaar Endad December 31. in
      915 words
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      Page 13 Advertisements Column 2
      538 13 BUSINESS TIMES TELEPHONE 730 5771/5772/5773 FAX: 734 4911 UQUOR LICENCE NOTICE NOTICE IS HEREBY OVTOIIm, I, W« Ah Kow of BDc 47,107-1463, Bendemeer Road, Singapore 1233, have applied for a Beer House, Second Class licence in respect of premises at M/s Mei Jia Snack House at BDc 554, #01-2052, Avenue
      538 words
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      Page 13 Advertisements Column 3
      249 13 i IN THE MATTER OF THE COMPANIES ACT, CAP SO ANO IN TX MATTER OF CASSANDRA FOOD INDUSTRIES PTE LTD (IN MEMBERS' VOLUNTARY UOUDATION) NOTICE Of SPECIAL RESOLUTION [PURSUANT TO SECTION 290(2) (b» Aim Extraordinary General Meeting of th* company held it 460 North Bridge Road #04-03 Singapore 0711 on
      249 words
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  • FOCUS 1
    • Article, Illustration
      Lock icon Rules sorely needed in markets
      954 14  -  Changes to rules and standards are needed to bring order to an expanding global marketplace, writes Diana Henriques Diana Henriques NYT SEEKING big profits, American investors have invaded foreign stock markets with a vengeance, but international regulators and stock exchange officials have made scant progress
      NYT  -  954 words
    • Article
      Lock icon Emerging markets promise big profits — at higher risks
      430 14 Emerging markets promise big profits at higher risks NYT OUTSIDE the world's developed economies, a host of stock markets in developing countries from Mexico to Malaysia, Thailand to Taiwan and India to Indonesia offer the opportunity for substantial profits. But the price of those profits is increased risk, for these
      NYT  -  430 words
    • Article
      Asean: coming to grips with the changing world
      1128 15  -  Asean is on the threshold of change. Yang Razali Kassim, who covered the just-ended Asean Foreign Ministers Meeting in Kuala Lumpur, discusses the many proposals that were brought up Yang Razali Kassim A SEAN's new directions as a six-nation regional grouping are
      1,128 words
  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      152 14 "V^wS Wm KwMf f Rushing to get to a meeting our engineer met We're on hand to deal with your problems 24 And when we say committed we mean it. ask with an accident. But, so dedicated to the job hours a day, 365 days a year. Ashton-Tkte if you
      152 words
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      Page 14 Advertisements Column 2
      88 14 SPECIAL OFFER WHILESTOCKSLAST usuALsefBeo: NOW $3,590 W/ l M X w 'X flj LT 3865XU16 LAPTOP Intel *****5X-16 CPU High contrast Epson CCFT VGA display Built-in Conner 40MB hard disk drive/1,44M8 floppy Battery pack and universal power adaptor. Total weight 5.5 kg Upgrade I Conner 120 MB hard disk, only
      88 words
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      Page 15 Advertisements Column 1
      416 15 B Wf»l k I I LtJ k I»1 B k L*J 2nd Asia Pacific Conference of Management Consultants 22 23 August 1991, Hotel New Otani, Singapore la your organisation undergoing reorganisation? Arm you planning a mar gar or an aoqulaltlon? Guest of Honour Y OO wv# to °°P 0 wlth
      416 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Market slumbers, waiting for clearer signals
      4973 16  -  By Salil Tripathi WHEN THE history ot' the Singapore stock market is written, it would not be surprising if the entry under Thursday, July 25, were missing. Because if Thursday had not existed, it would not have been necessary to invent it. Nobody would
      4,973 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3992 17 Main Board SI A foreign 1970 4-30 1.5% Semb Shipyard 715 +25 +3.6% Spore land 590 +25 +4.4% DBS foreign 1340 20 +1.5% IMCHKS0 50 550 +15 2.8% Jurong Ship 50* 920 +10 1.1% FAN 855 U0 +1.2% City Dev 50« 338 +10 +3.0% Robinson
    3,992 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      274 18 Company Data Year Group Net Net earnings Gross ann to profit/loss (L) per share dividend ('000) (cents) GoWen Hope Jul 18 Mar 91 M$39 619($59 793) 4 7(7 1) 6(9) Asia Pac Land Jul 16 Ian 91 M$12.300($6 SOIL) 2 3(—) 2(-) Transmarco Jul 16 Mar 91 $8
      274 words
    • Article
      PRELIMINARY RESULTS
      262 18 Company Date Year Croup pre-tax Net earnings Gross ann to profit/toss (L) per share dividend ('000) (cents) Rahsid Hussam Jul 24 May 91 M$68.223($30.105) 24 9(19 4a) 5(4 5a) Kamunting Corpn Jul 19 Mar 91 M$21,011($15 410) 1.1(10) 15(1) Pelangi Bhd Jul 19 Mar 91 M$22,583($14.247) 68(4 9a)
      262 words
    • Article
      INTERIM RESULTS
      242 18 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend COOO) Focal Finance Jul 24 Jun 91 $2.988($2,439) Hiap Moh Jul 24 Jun 91 $1.186($1,563) Bolton Jul 22 Jun 91 M$10.944 ($5.821) M8f Finance Jul 22 Jun 91 M$70 387<$38.062e) 5(-) CASH Jul 18 Feb 91 M$l,182($669l)
      242 words
    • Article
      CORPORATE DEVELOPMENTS
      662 18 Jul 23 Edaran Otomotoi National has agreed to buy a 15 06% stake in Cycle and Carriage Ltd (CCD. comprising 26 42m CCL shares and 5 66m CCL warrants, from Orient Italy Co ltd for MJ3OI 67m. Jul 22 DBS Land has received the approvals from the authorities
      662 words
    • Article
      DIVIDENDS ANNOUNCED
      663 18 Current Ex Books Date Total (or Total for payment date close payable the year last year Amcol 25c 10% Jul 5 Jul 17 Jul 31 10% 10% AMF? NVA(e) Jun 19 Jul 4 Aug 15 NYA 2 8< Alei rtdgs 50c 61(b) Sep 4 Sep 16 Sep 30
      663 words
    • Article
      APPROVED ISSUES
      390 18 Company Rights Issue Ate am One for two < a MSI 00 per share Issue of 40m Cumulative Redeemable Preference Shares iCRPS) of MSQ10 each at MSI per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR for every 4 CRPS Ex-date Jun
      390 words
    • Article
      BONDS, LOANS & WARRANTS
      863 18 BONDS, LOANS WARRANTS Company Conversion period Conversion term lor one ordinary share Btrwi Wt Before 30/6 9* 1 warrant plus HK$1 00 cash C&C Wt Before 26/4/93 1 warrant plus $309 cash Causeway Loan Causeway Wt 2/10/89 to 20/10 '94 1 warrant plus JO 11 cash or 1 warrant plus
      863 words
    • Article
      RESULTS DUE
      565 18 Main Board Last Full Year Company Penod Date Year Net EPS Gross Net announced etxfrt| (cents) (I* profit last year (1*000) Cerebos Interim Apr 27 Jul 91 12 6 20 0TE(a) ***** Spore Land Interim May 4 Dec 91 126 100 44 641(g) SNP Interim Jul 26 Dec
      565 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      1029 18 Prices as at 25.07.91 Conversion tenns Premium/ Expiry I j— (discount) Amount Optional" using issued Company (mil Wrts Share Loan Conv Exer Lnstk Cash Cash. Loan Gearing 4 Date Mths units) stock ratio price nom 1 Stk Left value S I S S j S j
      1,029 words
    • Article
      PROPOSED ISSUES
      493 18 Company Rights Issue Asia Pic Land One-for two (a MSO 65 per share Uunce Ted) One-for-one (a $1 00 per share Bdton Issue of $90 9 78m nomma' amount of 35% Redeemable Unsecured Guaranteed Bonds 1991 with 15 489m detachaole warrants on the basis of $2 nominal amount
      493 words
    • Article
      COMPANY MEETINGS
      386 18 Transmarco Ltd: AGM EGM at 65 Chulia Street. #33-00 OCBC Centre. Singapore 0104 on Friday. July 26. at 11.30 am. Hexza Corpn Bhd: 22nd AGW at Kayangan 2, Lobby Floor. Holiday Inn Shah Alam. Plaza Perangsang. Persiaran Perbandaran. ***** Shah Alam. Selangor on Friday. July 26, at Ham
      386 words
    • Article
      RECORD HIGHS & LOWS
      201 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 htjh: 1333 08 (3/6/91) JJgJ j^Jjj 1991 low: *****2 (16/1/91) jjjj J* "J*" 1990 Hth: *****3 (16/7/90) "7 12 m 10 90 1990 km 981 07 09/11/90) J?? JJ. JJJ* 1989 (*fh 1322 00 28/12 89) JJg J8JK 1989 low
      201 words
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Investors wary after index goes under 600
      4325 19 Bernama SHARE PRICES in Kuala Lumpur closed broadly lower yesterday on liquidation and lack of buying support after poor overseas leads dampened sentiment. The KLSE Composite Index retreated below the 600point level to finish at 599.97. down 1.31 points, on index-linked selling, while
      Bernama  -  4,325 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      336 19 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 THE COMPANIES ACT (CHAPTER 50) THE COMPANIES REGULATIONS 1987 REGULATION 76 NOTICE TO PROVE DEBT OR CLAIM FOR PUBLICATION Name of Company Electro Magnetic (S) Ltd (Under Judicial Management) Company No 1980/4153-N Address of Registered No 3 Gut Street 1 Office of abovenamed Singapore
      336 words
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      Page 19 Advertisements Column 2
      367 19 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Koh Siew Leng of Blk 406, Sin Ming Avenue #12-251, Singipore 2057, have applied for a Beer Shop licence in respect of premises at M/s Lim's Provisions at Blk 458, Hougang Avenue 10, #01-Kl, Singapore 1953, and that this application will
      367 words
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      Page 19 Advertisements Column 3
      278 19 In the Matter of THE COMPANIES ACT. CAP. SO And In the Matter ol SIN LIK MACHINE WORKS (SINGAPORE) PTE LTD At an Extraordinary General Meeting of SIN LIK MACHINE WORKS (SINGAPORE) PTE LTD. duly convened and held at 1 North Bridge Road #11-07. High Street Centre. Singapore 0617 on
      278 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Scandal hearings keep investors on edge
      2240 20 Reuter TOKYO stocks closed mixed in light turnover yesterday. Investors kept their eyes and ears open for news from parliament's lower house finance committee hearings on the brokerage scandals. No major surprises came out by closing time, but nerves were strained, brokers said. "People
      Reuter  -  2,240 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Investors take a breather after recent run-up
      1944 20 UPI HONGKONG stock prices dipped in moderate trading yesterday as investors took a breather after setting back-to-back record highs. The benchmark Hang Seng Index shed 16.15 points to close at 4.012.62. The market gained 18.95 points on Wednesday, surpassing an all-time high set
      UPI  -  1,944 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      29 20 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Telerate Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
      29 words
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  • REGIONAL STOCK MARKETS
    • Trading volume hits record in Seoul
      • Article
        AUSTRALIA
        901 21 A TWO-DAY slump in New York sparked selling orders in Australia yesterday, sending leading stocks on a downward trek. The market on Wednesday ignored a 29-point drop in the Dow Jones but brokers said a further 17point fall to 2,966.23 overnight was enough to prompt profit-taking. "Two days was
        901 words
      • Article
        BANGKOK
        875 21 GOOD MARKET sentiment in Bangkok was sustained yesterday, resulting in the highest trade volume for several months, brokers said. The SET Index ended 8.16 points higher at 728.59 on a turnover of 6.39 billion baht. the highest turnover since mid-March. Brokers said more buying by overseas investors contributed to
        875 words
      • Article
        MANILA
        530 21 SHARE PRICES slipped yesterday on further cautious selling as Manila's market anticipated possibly stronger mudHows from Mount Pinatubo and Congress hostility to the new US military bases treaty, brokers said. Decline on Wall Street further dampened local sentiment, they said. The Manila Stock Exchange Composite Index lost 14.69 points
        530 words
      • Article
        TAIPEI
        516 21 TAIWAN share prices closed higher yesterday after a day of volatile trade as investors were led by different market directions, brokers said. The Weighted Index jumped 48.67 points to close at 5,054.58 compared with Wednesday 's 5.005.91 finish. Turnover rose to NTS3I.7 billion against NT523.5 billion. Dealers said trading
        516 words
      • Article
        SEOUL
        807 21 PROFIT-TAKING in response to recent sharp rises pressured a very active Seoul stock market as a record 39.8 million shares changed hands, outstripping the Dec 22. 1989 all-time high of 35.63 million shares, brokers said. "Institutional profit-taking tempted individual selling, which offset aggressive buying of financial and recent laggards."
        807 words
      • Article
        NEW ZEALAND
        261 21 NEW ZEALAND shares ended lower, with Telecom again dominating turnover. but overall the tone was directionless ahead of next Tuesday's budget. Telecom was responsible for about NZ$3O million of the total NZ$43 million worth of shares traded. It ended one cent lower at NZ52.26. The NZSE4O Capital Index
        261 words
      • Article
        BOMBAY
        15 21 THE BOMBAY Stock Exchange Index soared 66.45 points to close at 1.485.76 on Wednesday.
        15 words
      • Article
        Untitled
        1107 21 Close Previous Jul> 25 AUSTRALIA All Ordinaries Index 1.559.0 1.572.6 -IV6 All Indus!rials Index 2.374.6 2.386.2 -11.6 All Resources Index 931.5. 945 6 -14.1 Turnover (million) 121.8 257.8 -1360 BANGKOK SET Index 728.59 720 43 f 8 16 Fumovcr(million hahl) 6. *90 s.060 1.330 JAKARTA C omposite Index NA 327.75
        1,107 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      27 21 The Jakarta report was not available All prices are provided by Telerate Read Chartpoint, a guide to investing in the stock market, livery Saturday in Business Times.
      27 words
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  • WORLD STOCK MARKETS
    • Blue chips lead slide on Wall Street
      • Article, Illustration
        NEW YORK
        1200 22 DEEPENING anxiety about corporate profits kept New York stock prices on edge on Wednesday. Even favourable earnings were not enough to keep some investors from selling. "The earnings-surprise stocks stood out today," said Robert Stovall, president of Stovall/Twenty-First Advisers. "On the downside, there was weakness in 3M, Capital
        1,200 words
      • Article, Illustration
        LONDON
        720 22 SHARES in London took a breather on Wednesday following their recordbreaking rise of the previous session and finished slightly easier as profit taking, a weak Wall Street and a bearish economic survey conspired to undermine confidence. The recent mood of economic optimism was dented by a forecast from the
        720 words
      • Article
        FRANKFURT
        218 22 GERMAN shares on Wednesday ended a thin trading session 0.7 per cent below Tuesday's closing levels, wiping out a small gain seen the previous day. Dealers said the market remained very quiet, with summer holidays, worries about a near-term rise in German interest rates, and the concern about possible
        218 words
      • Article
        PARIS
        182 22 FRENCH shares on Wednesday ended at their highest level this month but a second day of weakness in New York cut short an early rally. Brokers said even at Wednesday's closing level, the market fell short of what was expected on the first monthly account day. "The main problem
        182 words
      • Article
        MILAN
        182 22 ITALIAN shares closed higher on Wednesday, with gains in the banking sector helping to boost the market, although volumes remained thin. Dealers said the state-controlled Banca Commerciale Italiana was the star performer. The bank surged 3 per cent after announcing that it was revaluing the book value of its
        182 words
      • Article
        BRUSSELS
        183 22 BELGIAN shares finished lower on Wednesday for the seventh consecutive session under pressure from the weaker dollar, lower foreign bourses, foreign selling in some stocks and the typical summer slowdown, dealers said. Volume was disappointingly low. one said. The Bel 20 index edged down 1.81 points, 0.16 per cent
        183 words
      • Article
        AMSTERDAM
        346 22 DUTCH shares ended easier on Wednesday in calm trading depressed by lower foreign bourses, dollar weakness and an easier Dutch bond market. "Turnover was moderate and there was some stock-picking here and there." said Wouter Perk of brokerage Perk Schmidt International. Dealers also said the market awaited the release
        346 words
      • Article
        STOCKHOLM
        88 22 SWEDISH shares continued their downward trend on Wednesday and fell for the sixth consecutive day in slow summer holiday trade. Market interest remained focused on shares in Incentive, the newly-listed firm which holds the former Asea interests outside Asea's 50 per cent stake in ABB Asea Brown Boveri. The
        88 words
      • Article
        ZURICH
        240 22 SWISS shares closed easier in slow trade on Wednesday. Dealers said very low volume and light selling pushed prices lower but stressed that price movements were exaggerated because of the light turnover. The all-share SPI Index eased 7.4 points to 1,121.4, just off the day's low. The SMI index
        240 words
      • Article
        JOHANNESBURG
        364 22 THE JOHANNESBURG stock market continued to lose ground yesterday morning in jittery trading as worries about recent weakness in world gold prices and South Africa's slush fund scandal clouded investor confidence. At 10.15 am, the JSE All-Gold Index was down a bit further at 1,306 from Wednesday's weak 1,319
        364 words
      • Article
        TORONTO
        248 22 AFTER A brief upturn at the opening, worries over the recovery in the US economy sent stocks in Toronto sliding to close at the day's lows, dealers said on Wednesday. A sharp downturn in June durable goods orders in the US raised fears the recovery is lagging, they added.
        248 words
      • Article
        Untitled
        295 22 July 24 ("lost Previous NEW YORK Dow Jones 2.966 23 2,983.23 -17.0 NYSE Financial 151.96 152.53 -0 57 S&P500 378 64 379.42 -0.78 Turnover (million) 159 4 160.2 -0.8 LONDON Financial Times 30 1.999.3 2.005 8 -6.5 FTSE 100 2.580.5 2.587.9 -7.4 Turnover (million) 469.7 651.3 -181.6 FRANKFURT DAX Index
        295 words
  • Page 22 Advertisements
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      Page 22 Advertisements Column 1
      56 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
      56 words
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  • CURRENCY, MONEY & FUTURES MARKETS
    • Article
      US$ barely changed against yen as dealers await scandal hearing
      1199 23 REPORTS THE US DOLLAR closed higher against the mark yesterday but off the day's high on some afternoon profittaking, while the US currency ended barely changed against the yen. Dealers were nervous about how overseas players would react to disclosures
      1,199 words
    • Article
      Lock icon Traders expect resilient yen to fall sharply soon
      509 23 Reuter NEW YORK The yen is on the verge of a sharp fall after weathering stock scandals, stock market routs and a discount rate cut in reccnt months, traders and analysts said. The dollar could rise to "well beyond 140 yen" in
      Reuter  -  509 words
    • Article
      Lock icon CFTC sees no need to regulate swaps
      193 23 Reuter NEW YORK The Commodity Futures Exchange Commission (CFTC) shares with the International Swap Dealers Association (ISDA) the view that the swap market need not be regulated in the same manner as futures exchanges, Wendy Gramm, chairman of the CFTC said. "The CFTC
      Reuter  -  193 words
    • Article
      FINANCIAL FUTURES
      1252 23 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Sep 91 93.81 93.81 93 79 93 81 2600 ***** 3224 Dec 91 93.30 93 30 93.27 93.30 4838 ***** 3410 Mar 92 «U2 93.25 93.22 93.25 1810 ***** 535 Jun 92 92.82 92.84 92.82 92.85 350 1887
      1,252 words
    • Article
      INTERBANK FOREX RATES
      400 23 Cross rates Ju'y 2 USS SS MS Dm Yen SFr AS NZS USS 1.7500 2 7850 1.7450 137.60 0 5938 1.5180 1.2895 1.7575 S$ 0.5714 1.5914 0.9971 0.7863 0.3393 0 8674 0.7369 ***** MS 0.3591 62.84 0.6266 0.4941 0.2132 0.5451 0.4630 0.6310 Dm 0.5731 1.0029 1 5960
      400 words
    • Article
      MONEY MARKET
      531 23 Interbank rates S$ Bid Offer Overnight 4 5/8 4 3/4 1-month 5 1/2 5 5/8 2-month 5 1/2 5 5/8 1-month 5 9/16 5 11/16 Overnight mode. 4-7/8 i;S$ Bid Offer 7 days 5 7/8 6 1 month 5 15/16 6 1/16 2 months 5 15/16 6 1/16
      531 words
  • Page 23 Advertisements
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  • COMMODITIES
  • Article
    PRICES
    1502 24 Rubber j u i y 25 bwhs) S cents/kg Noon Close Int I RSS Prompt 142 00/143 00N 142 00/143 OON Int I RSS Aug 91 143.00/143.50 143.00/143 50 Int I RSS Sep 145.00/145 50 145 00/145.50 Int 2 RSS OP 142.00/144.00N 142.0ft I4400N Int 3 RSS OP 140
    1,502 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      619 24 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 WOODKRAFT (PRIVATE) LIMITED (In Members Voluntary Winding Up) LIQUIDATORS OFFICE 15 Beach Road #03-10 Beach Centre Singapore 0718 NOTICE OF FINAL MEETING NOTICE IS HEREBY GIVEN pursuant to Section 308 of the Companies Act. Chapter 50. that the Final Meeting of the Company will
      619 words
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      Page 24 Advertisements Column 2
      630 24 IN lHfc MATILKOl 1 IHL COMPANIES ACT, CAP.SO HUA ZHAN TRADING PTE. LTD. (In Voluntary Liquidation) (Members' Voluntary Winding Up) NOTICE IS HEREBY GIVEN in pursuance of Section 308(1) of the Companies Act Cap. 50, that a final general meeting of the abovenamed company will be held at the office
      630 words
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      Page 24 Advertisements Column 3
      11 24 Your search for EXECUTIVE OPPORTUNITIES begins with the EXECUTIVE APPOINTMENTS page
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      Page 24 Advertisements Column 4
      14 24 Read CHARTPOINT, a guide to investing in the stock market. Every Saturday in BT.
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1136 25 c«jf night ETA Flight ETD Aha Dhabi GA970 2245 GA976 2310 Adaiaida B742 1815 Amman RJ182 1400 Amsterdam KL837 1255 SQ24 0100 SQ23 1815 KL838 2240 AtktM OA471 2355 Auckland MZ35 1550 SQ325 2115 SQ338 2030 NZ36 2330 BA12 2200 Bahrain GF149 0540 Bandar Sari SQ181
    1,136 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Ballroom dancing a hit in Vietnam
      767 25  -  POSTCARD FROM VIETNAM By Kathleen Callo Ballroom dance, once banned by Vietnam's puritan communist leaders. is now bringing a little yearned-for glamour into the lives of the masses. Whether it's the waltz, tango, paso doble or beebop you prefer, you'll find it in glitzy
      767 words
    • Article
      MONEY CHANGER RATES
      153 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3510 1.3710 Canadian dollar I.SOS I.S3S NZ dollar 0.9850 1.015 Sterling pound 2.940 2.970 US dollar 1.7480 1.7580 local dollars to 100 units of foreign currency Austrian schilling 14.00 15.00
      153 words
    • Article
      WORLD TRADE EXHIBITIONS
      91 25 Duration Title Venue Organiser Tel Aug 6-9 IV Jewellery Buenos Aires. Rossi Heinlein *****1-9413 International Argentina Asociados SA Exhibition Aug 18-20 International Germany Mode Woe he- *****1990 Fashion Fair Munchen GmbH Aug 20-31 Izmir Turkey Izmir Fair *****150 International Organisation Fair Duration Title Venue Organiser TeJ Aug
      91 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      38 25 Johan, fly Finnair if you're going to Stockholm Swede home. Because Finnair gets you home at ()755 in the morning or onto over 30 other European destinations. Call *****77 for details. We know Europe from start to Finnish.
      38 words
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      Page 25 Advertisements Column 2
      32 25 Would von ff V/ itlVl' yVr movie. But what do Singapore women sleep with an JL And every Friday I v xr<ifSgß k .1 v Bf> HBBWP*'— ,y Hk K Mi "*ISH
      32 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      313 25 1 Macho element that's the a crook (10) 9 6 Sign nothing in front of flr"!! ~ir 10 Some may choose venison. —L—J——""~~ ■■V ""MBi ■BB only a few 11 Conservatives set about 26, giving warning (4,5) B I I I I I I I B I I I I
      313 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      198 25 Singapore Outlook: Showers over a few areas in the morning. Report: Maximum temperature 32.5* C Assoc humidity 60% Minimum temperature 26.2* C Assoc humidity 90% Hours of sunshine 6.40 Rainfall in mm Trace Rainfall this month 37.3 Rainy days this month 8 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 14/06 Showers
      198 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      22 25 (SsTQP "^>I—KIMG\ c NOT before timc OUT "THERE' J E lM£ fFUDGe- Goes ONHOUOfty) Cl 8476 O CVCMNO STANOAftD CO. LTD., IM3-IMI
      22 words
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  • Article
    Another 12 foreign firms allowed to operate in Batam
    288 26  -  Delay caused by misunderstanding By Lilian Ang ANOTHER 12 foreign companies with a combined investment of US$l5 million (5526.3 million) have been given permission to operate in Batam. Indonesia's Investment Co-ordinating Board (BKPM) recently issued licences to these companies after a
    288 words
  • Article
    Lock icon Gorbachev wants communist party to widen membership
    342 26 Reuter MOSCOW Soviet President Mikhail Gorbachev has defied orthodox opponents and demanded that the Soviet Communist Party formally abandon its self-proclaimed role as a party of the industrial working class, the Interfax news agency reported yesterday. Moscow Radio said he also told the
    Reuter  -  342 words
  • Article
    Lock icon Tokyo prosecutors launch criminal investigation of Nomura
    247 26 Reuter TOKYO Japanese prosecutors have launched a criminal investigation of Japan's biggest brokerage firm, Nomura Securities Co Ltd. for allegedly manipulating the share price of railway company Tokyu Corp in 1989. a senior Justice Ministry official said. Mr Kazutomi Ijima of the Justice
    Reuter  -  247 words
  • Article
    KL expects to gain from NPB accord
    287 26 MALAYSIA'S industrialisation process is likely to gain from a new agreement between the National Productivity Board (NPB) and its Malaysian counterpart, says the head of the Malaysian National Productivity Centre (NPC). NPC chairman Tan Sri Datuk Azman Hashim said yesterday that the two
    287 words
  • Article
    Lock icon Jerusalem issue stalls M-E peace efforts
    166 26 Reuter JERUSALEM Middle East peace efforts hung in the balance yesterday. Israel and the Palestinians were at loggerheads over who would represent Palestinians at proposed peace talks. Right-wing parties in Prime Minister Yitzhak Shamir's coalition government welcomed a pledge by Mr Shamir late on
    Reuter  -  166 words
  • Article, Illustration
    Lock icon Bank of England acts to contain BCCI scandal
    489 26 Agencies LONDON The Bank of England and major banks are trying to contain the BCCI banking scandal and prevent it sparking a crisis of confidence that has raised the spectre of Britain's 1970s run on small banks. Closure of the Bank of
    Agencies  -  489 words
  • Article, Illustration
    S'pore-Indon talks focus on economic ties
    394 26  -  From Chuang Peck Ming in JAKARTA INDONESIA is ready to make a significant contribution to Asean economic cooperation. it indicated in talks with Singapore yesterday. A Singapore official said that this was happy news for Singapore, which feels particularly encouraged that Asean's biggest member
    394 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      6 26 Nikon The World's Finest Photographic Systems
      6 words
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      Page 26 Advertisements Column 2
      779 26 Nikon The World's Finest Photographic Systems Japan Airlines PK•*I Nl I S World Executive's Oldest V I Management Pffl Awards mmWm mm Japan Airlines N !S I OIIIMKMHIN Mil H The Asian Institute of Management You're Invited to Nominate an Outstanding Company for a 7991 Management Award Ind cHtVrla 01^0
      779 words
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  • SHIPPING TIMES
    • Article, Illustration
      Asean shippers to call for emergency meeting
      435 27  -  By Selva Kumar ASEAN shippers arc planning an emergency meeting of shipping lines to discuss the recent hikes in freight rates for the Intra-Asian trade and the terminal handling charges imposed on some Asian ports. An official from the Singapore National Shipping Council
      435 words
    • Article
      Lock icon South Korean government's grip on shipping loosens
      469 27 Reuter SEOUL Route by route, sector by sector, South Korea is exposing its heavily protected shipping industry to the discipline of free international market forces. "By 1995 all restrictions on routings will be lifted," said C K Oh, vice-president for corporate planning at
      Reuter  -  469 words
    • Article
      INDEX TO ADVERTISERS
      1193 27 Page Col ABC Containerline 12 I Accord Group 8 1-3 Aeropak Express 9 5 AFS 15 2 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Anglo Orient 16 1/2 ANL 3 1/2 APL 5 3 A. P C. Lines 13 5 AcWarehousing 15 4 Asian Break-Bulk 16 3
      1,193 words
    • Article
      Airline committee selects Stanchart as clearing bank
      320 27  -  By Dexter Lee SINGAPORE'S Bank Settlement Plan (BSP) has chosen the Standard Chartered Bank as the clearing bank for its centralised computer ticketing and payment system. But the contract to cement the appointment has not been signed, said Andrew Chang, chairman of the
      320 words
    • Article
      Lock icon Big Pan Am creditor clears way for quick sale of assets
      311 27 Reuter CHICAGO Pan Am Corp's largest creditor cleared the way for speedy disposition of proposed asset sales by taking over two of the airline's pension plans, sources and analysts say. "To me, that means there's a deal," said one
      Reuter  -  311 words
    • NEWS SUMMARY
      • Article
        Carriers plan systems sharing in US
        26 27 FOUR ocean carriers take one giant step towards airline-like central booking and tracking, a first in the US Page 2
        26 words
      • Article
        Sales of US-made vehicles fall 5.4pc
        47 27 SALES of domestically built cars and trucks in the US fell 5.4 per cent in mid-July, but the drop did not dampen the optimism that has been building among analysts in recent weeks that the automotive market is improving Back Page
        47 words
      • Article
        Gulf War helps APC boost interim profit
        41 27 OPERATION Desert Storm has helped US intermodal giant American President Companies (APC) chalk up a strong first-half showing, with group revenue reaching US$l.2 billion to yield an after-tax profit of US$l9.l million Back Page
        41 words
      • Article
        US-Japan auto talks continue in Tokyo
        41 27 AMERICAN and Japanese negotiators sat down on Wednesday for a second day of talks on the US auto and auto-parts trade deficit with Japan and American calls for greater access to Japanese markets Back Page
        41 words
      • Article
        Lower earnings at two GM units, gains at third
        35 27 GENERAL Motors Corp, whose automotive earnings have been hit hard by the recession, has seen the secondquarter profits of two important non-automotive subsidiaries decline Back Page
        35 words
    • LOG BOOK
      • Article
        UPS acquires French delivery firm
        58 28 SINGAPORE American-based United Parcel Service has agreed to acquire Prost Transport, a French parcel delivery company. The takeover will add another 1,350 vehicles and 61 offices to UPS' operations in France. To date, UPS has acquired 12 European operations in Spain, Italy, the UK, Denmark,
        58 words
      • Article
        Port Officers' Union elections
        49 28 SINGAPORE Members of the Port Officers' Union have elected new office bearers to its executive committee for the term 1991 to 1993. During its biennial general meeting held on July 11, Joseph Tay Tiam Keng was voted president and Lim Meng Tong was elected vice-president.
        49 words
      • Article
        More BA flights to US
        83 28 LONDON British Airways is increasing flights between London Heathrow and five US cities. Boston, Washington, Miami and Chicago will each get twice daily return flights from next summer. Los Angeles will go double daily from next autumn when services to the city are transferred from
        83 words
      • Article
        JAL management awards
        74 28 SINGAPORE Japan Airlines will be presenting its 1991 Management Awards to recognise management excellence in South-east Asia. Some 2,000 nominations from Singapore, Malaysia, Indonesia, Thailand, Hongkong and the Philippines are expected. The winners will be announced in February and March next year. The seven award categories include
        74 words
      • Article
        Ford recalling faulty cars
        68 28 DEARBORN, Michigan Ford Motor Co is recalling 11,825 cars to inspect and correct certain problems. It said 6,425 1991 Crown Victoria, Grand Marquis, Thunderbird, Cougar and Mustang vehicles are being recalled to correct a problem with the parking rod assemblies installed in some automatic transmissions. Ford
        68 words
      • Article
        Hughes Aircraft restructuring
        60 28 LOS ANGELES Hughes Aircraft Co, a unit of General Motors Corp affiliate GM Hughes Electronics Corp, says it will consolidate seven operating groups into three main business sections as part of a major restructuring set for the mid-*****. The purpose is to diversify operations in order to
        60 words
      • Article
        Daikyo buys Lloyds Ships stake
        35 28 TOKYO Condominium builder Daikyo Inc has purchased a 49 per cent stake in shipbuilder Lloyds Ships based in Queensland, eastern Australia for about A 52.69 million, a Daikyo spokesman said.
        35 words
    • Article
      DAILY FREIGHTS
      352 28 DRY CARGO freight futures on Wednesday ended sharply lower as the market reacted to the 14 point fall in the Baltic Freight Index to 1,499 at midday, dealers said. Weak transatlantic rates and the virtual absence of interest in the grain sector undermined cash market sentiment. The market
      352 words
    • Article, Illustration
      Lock icon Towards systems sharing
      1507 28  -  Four ocean carriers take one giant step towards airline-like central booking and tracking, a first in the US. Elizabeth Canna has the details Elizabeth Canna American Shipper Shippers should be able to enjoy airline-style conveniences for their ocean shipments sooner rather than later. Three ocean carriers who
      American Shipper  -  1,507 words
    • Article
      VERITAS BUNKER QUALITY REPORT
      549 28 July 22 DemityWater Cartoon Rendu* Ash Atumwum Sedment DtnsityWater 11 Ash A) urn**. Stdbmnt ISO/Canac Units Spec E2S Spec G35 Norther) Europe 180 Ave 180 Mai No above E25 380 Ave 380 Mai No above G35 Wtstm 180 Ave Medrterranean 180 Mai HG/M*3% V/V ***** *****
      549 words
    • Article
      THE SHIPPING GUIDE
      12785 36 This is a list of ships loading Ta! at Singapore for ports around the world. It tabulates, by destination, the name of the 13 ship, the shipping line involved and the estimated *ti dates of arrival and departure vi. from the Port of Singapore. 29 Advaneed dates
      12,785 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        641 43 Vessel Voy No Bcrtti Arrival Departi/e Vessel Voy No Berth Arrival Depart ire Marina Terminal 1 Batam Baru B79 M04 alongside 25 07/2300 Brasta® 1 29/91 M03 alongside 26 0 7/2300 Btm Bahagia *****1 MOb alongside 25 07/2300 Citra laya *****1 M02 alongside 25 07/2300 Jaya Bersama
        641 words
      • Article
        CONTAINER SCHEDULE
        871 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record BooknjBalance Rslts Ship Voy No Etb/Btr Period From To From An Fremantle 18/65 26/1700 1 25/1500 25/1659 25/1900 Anson *****N 27/1100 3 26/0700 26/1159 26/1400 4 26/1200 26/1459 26/1700 Arnold Ms 9108 28/0800 1 25/1500 25/1659 25/1900 3 26/0700
        871 words
    • Article
      Lock icon Sales of US-made vehicles fall 5.4pc
      211 44 NYT DETROIT Sales of domestically built cars and trucks in the US fell 5.4 per cent in mid-July, but the drop did not dampen the optimism that has been building among analysts in recent weeks that the automotive market is improving. Domestically built cars
      NYT  -  211 words
    • Article
      Lock icon Lower earnings at two GM units, gains at third
      329 44 NYT DETROIT General Motors Corp, whose automotive earnings have been hit hard by the recession, has seen the second-quarter profits of two important non-automotive subsidiaries decline. GM's finance subsidiary (General Motors Acceptance Corp) and electronics and aerospace units (GM Hughes Electronics)
      NYT  -  329 words
    • Article
      Lock icon US-Japan auto talks continue in Tokyo
      299 44 UPI TOKYO American and Japanese negotiators sat down on Wednesday for a second day of talks on the US auto and auto-parts trade deficit with Japan and American calls for greater access to Japanese markets. The high-level talks focus on Japan's US$4l billion trade
      UPI  -  299 words
    • Article
      Gulf War helps APC boost interim profit to US$19m
      260 44  -  By Dexter Lee OPERATION Desert Storm has helped US intermodal giant American President Companies (APC) chalk up a strong first-half showing, with group revenue reaching US$l.2 billion to yield an af-ter-tax profit of US$l9.l million. This works out to earnings of
      260 words
    • Article, Illustration
      Lock icon Call to disclose findings of Lockerbie tragedy
      307 44 Reuter WASHINGTON Relatives of Pan Am Right 103 victims urged Scotland's top law enforcement official on Tuesday to tell what he knows about the 1988 bombing of the airliner over Lockerbie, Scotland, and expressed concern the West was trying to dissociate Syria from
      Reuter  -  307 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      26 27 Lines and services represented by bers of the Registry of Accredited Shipping[*ff>jm»] Agents, Singapore National Shipping Asso ciation. Tor advertising enquiries, contact Shipping Times Tel 740-20X9/74(*****.
      26 words
    • Advertisement
      Page 27 Advertisements Column 2
      436 27 SSMEE HENG METAL CO PTE LTD U TUAS AVE 14. SINGAPORE 2MX TELEX R9 ***** SHMCPI TEL: Ml M 53 (SftnM) TELEFAX: 661 2M6 ,^r o $-*j Acotr ro* 9 Jill jit lann *')otanna* r®<n*» jim:«roar mala«ma Corw«rtol lIIAILAMO, ■NOUNKSIA •OM 6 LPO riiiurraxcs Ti? > **'r -i -MP ConLo«
      436 words
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      Page 27 Advertisements Column 3
      31 27 Container Schedule 17 Daily Freights 2 index to Advertisers 1 Shoping Gwde 10,11 Ships m Port 17 Singapore Tries 17 Transport Diary 3 Veritas Report 2 Weather and Sea Conditions 17
      31 words
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  • Page 28 Advertisements
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      Page 28 Advertisements Column 1
      126 28 FOR THE NEWS w COMPANIES MAKE Companies make news because they make profits or losses for you. The Business Times' COMPANIES NEWS pages are very widely read. We reveal the latest deals in Singapore and the region, profile the movers and shakers behind them and summarise corporate events in the
      126 words
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  • Page 29 Advertisements
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      Page 29 Advertisements Column 1
      2413 29 OOCL (S) PTE LTD JAROINE SHIPPING AGENCIES fgm TEL *****11 FAX 22A&09 Mllf/ BOOKINGS TEL *****34 *****58 IVfIXCB^I W TEHMINAL/CFS TEL *****18 220 I* ***** *1 PESAKA JARDINE SHIPPING AGENCIES SDN. BHD %*A*# PORT KELANGTEL *****18 FAX *****91 *****08 PENANGTEL *****4 FAX *****1 CFS TEL *****6 ■MVMM Dedicated to Quality
      2,413 words
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      Page 29 Advertisements Column 2
      2107 29 TRANSPORT DIARY Vug 8 (12.15pm): Luncheon Talk by Mr Frederick Tsao. Managing Director of International Maritime Carriers Group of Companies. Organised by The Institute ol Chartered Ship- brokers (Singapore Branch) at World Trade Centre Club. For further information, tel: 227-7990, 225-7388 or fa*: 225-7638. Aug 13-14: Seminar on Shipping and
      2,107 words
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      Page 29 Advertisements Column 3
      1620 29 p|Wl...Md L-l!JIIJIJ TWOSAI LINGS PER WEEK TOUITRA ASIA SINGAPORE/YOKOHAMA 9 DAYS SINGAPORE/NAGOYA 10 DAYS Vessel Voy ETA 1 ETC 'Port 'Penang 1 DESTINATIONS Singapore Keiang TNs Maieetic M»i> 9ioe Feeder by 31/7 0000 mrs m Pmto Mi bbh CFS 30/7 2358 MBS OAK LGB HOU MEM ATL MIA CHS BAL
      1,620 words
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  • Page 30 Advertisements
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      Page 30 Advertisements Column 1
      1199 30 ROTTEDAM/j VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE KAMAKURA 18/329 28/7 iT/f) 167 i 19/8 20/8 KASUGA 16/130 1/8 24/8 20/8 19/8 ELBE 06/131 8/8 31/8 27/8 26/8 ML WESTBOUND P. LEVERKUSEN EXPRESS 02/331 11/8 28/8 30/8 2/9 3/9 KtLANC ft PCNANG CARGO LONDON EXPRESS 03/132 16/8 7/9
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      700 30 SEASPAC SERVICE DIRECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT I J BONTANG 2404E8 1/8 16/6 19/8 24/8 AISO ACCEPTING CARGO WA SUVA TO LAUTOKA. PAGO PAGO, APIA I NUKUAIOAFA DIRECT CHILE/ SOUTH AMERICAN SERVICE SIN IQQ ANF VAP CLX STO (P£RU> I L J BONTANG 2404E8 1/8 7/9 8/9
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      1480 30 ggSammSMBMM &SSt& REGULAR INDEPENDENT FULL CONTAINER SERVICE w£sTß6und for EUROPE VSL VOY SIN ALG BCL HAM BRE ROT AW FEL LHA (VIA (VIA (VIA ALG) HAM) ROT) ARABIAN SEA 120W 30/07 22/08 23/08 26/08 27/08 28/08 29/08 30/08 31/08 NORASIA SUN 9121-3 03/08 25/08 27/08 29/08 30/08 31/08 01/09 02/09
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      2129 31 Steamers Maritime Holdings Ltd Plrfl TT STRAITS SHIPPING TOik Containers mJS Voy No Na/ Pfcl S port Alg Sou Ant tot Hbf TABIF BAY #442 SM SM 27/07 13 M 15/W 17/ M ACCEPTS DUE SAIS ACGMA UAiRSK >110 27/07 70/07 31/07 14/00 10/00 10/00 21/00 CARGO BAY 0544 27/07
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      Page 31 Advertisements Column 2
      2351 31 TO: U.S.A./PANAMA FM: U.S.AJPANAMA wi v o«« tea cm roe s«« no* gt «»i w> wc in a la oak v guf m iFTii" tin ii/t 23/t i/« io/» knotc* »*m w* i«/« u/« 21/4 in nn CHOTANG SUCCESS (Fl3O l/l JO/I l/» IJ/'J 14/0 IJ/0 I'/* CHOTMIC FOTHTM W4124
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      388 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS VESSEL VOT I 9 HIOC [H ORANGE MOON li I I ~WI eastern pearl 1 Hn 10/7 HOIISMUh 13 "5/7 1 SEW p»« I 2 Hn On TswTcim* "4 I "I 2/i CMC PtOfCER 15 «7i sTi AMBALKI li m TANAJNG
      388 words
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      570 32 mhbh^^Hlß CR NBR **********0 D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSI WOY S TORE I RDAM ADAM H BURG BREMEN ANTWERP SRnmjATA 32K8 5/1 7/J 13/9 17/9 20/9 KUTAI 23W8 1 9 4/10 13/10 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sutofvct to Inducement Also accepting cargo to
      570 words
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      Page 32 Advertisements Column 2
      1019 32 z ill >C/ HANJIN SHIPPING I SporelLEH RTM ANR HAM BRV FEL FEEDER VSI SIN LINE HAUL LGB OAK HANJIN TONGHAE 08?W 28/7 15/8 16/8 17/8 17/8 19/8 20/8 HANJIN HONGKONG 030E 26/7 WKECT 12/« 15/1 HANJIN FELIXSTOWE 008W 5/8 22/8 23/8 24/8 24/8 26/8 27/8 HANJIN ROTTEROAM 015E 2/8
      1,019 words
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      Page 32 Advertisements Column 3
      69 32 Conventional/ LCI/FCI Service To vnu isu nun. w*th south moka moic wc him ocur VESSELS AVAILABLE FOR SALE/CHARTER/TRANSHIPM£NT "song THAO h6 cm ni»*/Timd6Mi "A VESSEL MAORAS/CALCUTTA/CHITTAQONQ/RANOOON U/»/»1 AARON F" BKK/BATTAMP/VUNOTAU/PHNOM PENH 27/7/tl -A VESSEL COLOMBO/DUBAI/DAAMA AN/KUWAIT 30/7/91 "A VSL" JEOOAH'HOOCIDAH/AOABA s/8/91 -O SERAVA" SIN BATAM WEEKLY SERVICES TMC SHIPPING/A AARON
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      1292 32 (OBBiIEiiBBSB IM SET MS IX Klfi WS Ml OS NGY 90 TlO UU OS ML NTCUW Mi U W «G PS CH fU SGT I E LOAMK *£-070 11/7 1/1 fft 7/1 12/1 14/1 16/1 17/1 11/ l 19 1 30/1 11/S 13/1 IS'» H/i 25/9 2C/9 27/9 21/9 1/1019/10
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      2063 33 ~~Z NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) VT BOOKINGS: NEPTUNELINK TEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 MM MM AUST/INDIA/PAKSERVICE: *****18 CFS K27 EXPORT *****53/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 Mi NEPLINE SDN BHD MALAYSIA J&r
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      Page 33 Advertisements Column 2
      1146 33 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUN)—MSCHARQNG WESTBOUM)—LOAHNG THANSHTPED VIA ROTTDBXIii MtlS J? *OY aw PKL HBC~
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      1867 34 K"W AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) V W W TEL: *****77 TELEX: KAWAKIRS23I6S FAX *****79 i M U MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD I Am JL JL MrnJ TEL PJ *****00 Pic *****01/5 PENANG *****5 JB *****1 ■■■■i KAWASAKI KISEN KAISHA LTD INDONESIA
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      Page 34 Advertisements Column 2
      1275 34 1® PHIU-ORKNT UNCS PT€ LTD XlOB Robinson Road #07-00 GMG Building Singapore 0106 fjiM»' Tel: *****22/*****69/*****00 Telex: RS ***** PHIU FAX: *****76/*****38 BY AIR, LAND OR SEA WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION iJßjjl' 2 AUG DUBAI. DAMMAN SHARJAH. DOHA. 30 JUL MUSCAT.
      1,275 words
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      Page 35 Advertisements Column 1
      1502 35 aSsSs'Pff PACIFIC INTERNATIONAL LINES (PTE) LTD tM at Pit Building, 140 Cecil Street #03-00, Singapore 0106. JAKARTA 1 BANGKOK ZT Y *1 #,N VESSEL VOV SIN BKK SIN QOWA ,11 M/ 7 30/7 KOTA PANJANQ 8122 27/7 30/7 3/« BUNQA TERATAi 303 2S/7 30/7 4/t JENLINK S3N 2»/7 Jl/7 4/«
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      Page 35 Advertisements Column 2
      1078 35 r BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM SHAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Nedlloyd Hoom 246 30/7 19/8 Bunga Suna* 258 30/7 16£8 17/8 18/8
      1,078 words
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      Page 35 Advertisements Column 3
      436 35 MYANWIA FIVE STAR UNE w (Myanmar National Line) Loading for Yangon (Rangoon) S pore P Klf Pen P Gdf MYOMAYWA VI3MH In Pt SAGAING V24W In Pt PINY A VIISW Std In Pt TAUNG GYI W422W 31/2 Auc PAGAN VI72N 5/7 Au| THE BANK LINE (A Mrvlca of Andrew W«lr
      436 words
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      Page 38 Advertisements Column 1
      725 38 TO AUSTRALIA/NEW ZEALAND |Fr«« 1 1Mb [5* |»UC* NP€ |P CHAIM "MARTHATT/S 13/1 li/l 21/1 mi Ml 1/? HLCN tunc 27t Ivi iTI t/9 10/9 15/1 17/9 U7i I BRUUiI 177 C/s 1«/J 20, J 73,1 21/9 30/9 1/To I I C VfROIMI 271 21/9 li/l 3/10 7/10 D/ 10
      725 words
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      819 38 OUTBOUND VOY PWL PNG «T SIN HKG MO KEE TYO SMZ NGO KO6 VESSEL VOY [SM ]PKL PNG BUN SIN CX LllT 1M *26 7 26.7 30 7 3 1 5 91 141 15.1 EQUATOR PROE 3A 277 217 Ti~ ACX LOTUS 156 *21 1J 6 8 10 8 12
      819 words
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      Page 38 Advertisements Column 3
      196 38 (f pjRUSAHA AN PEL~AYARAhfft i]m KALIMANTAN r DIRECT WEEKLY SERVICE TO 1 JAKARTA/TG. PRIOK Vessel ETA/ETD DESTINATION I NIAGA XXI Voy 16/91 24/25 Jul Jakarta/Palemtoanj I NIAGA XXII Voy 17/91 29/30 Jul Jakarta Palembang I NIAGA 42 Voy 12/91 2/3 Au( Jakarta Palembanf I NIAGA XXI Voy 17/91 5/6 Aug
      196 words
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      Page 38 Advertisements Column 4
      1509 38 'tea W- CHINA OCEAN SHIPPING COMPANY FULL CONTAINER LINER SERVICE MALAYSIA'S AGENTS SINGAPORE'S GENERAL AGENTS of s,A S ,n rvilT CHUNG CHIAO SHIPPING SON BHO COSTAR SHIPPING PTF ITD PT- GLOBAL PUTRA KL TEL 4425W1/87 FAX *****52, ***** ra mT INDONESIA MARITIME P. KLANG TEL 3MSIO«/S TU :MA ***** rLj«
      1,509 words
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      Page 39 Advertisements Column 1
      673 39 MM —mwwwbm GUARANTEED CONSOL TO:KEELUNG/KAOHSHJNG 28.7.91 HONG KONG 30.7.91 BUSAN 30.7.91 JiANGKOK 31.7.91 EUROPE 28.7.91 TOKYO/KOBE/YOKOHAMA 28.7.91 USA 29.7.91 AUCKLANO 9.8.91 FREMANTLE 31.7.91 SYDNEY/MELBOURNE 30.7.91 FOR BOOKING PLEASE CALL AT OUR HOTLINE 538-0155 (8 LINES) FAX: *****92 PLEASE CONTACT CAINE TAN. KATHLYN TAY. SOPHIA BAY OR KAREN SIM FAST DIRECT
      673 words
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      Page 39 Advertisements Column 2
      393 39 SSTICHFIELT'SIAHIN^rGENCIE^Sr'PT^^oI TEL: *****33 (12 Lines) FAX: *****15/*****03 00[ TELEX: RS ***** RISHIP (3 Lino.) \W\ ETHIOPIAN SHIPPING LINES f (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA IIOAOING FOR SPORE ANOINET 24W8 23 08 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABVOT 26W8 10/09 DARESSALAAM MOMBASA DJIBOUTI ASSAB MASSAWA
      393 words
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      Page 39 Advertisements Column 3
      761 39 SEAWARD SHIPPING AND TRADING CO (SI PTE LTD EM ETA ETA VOK WW! KEIANG PENANG BLUE IMX lb S Loading tor MM RtMAI HUOHL S/8 loading lot Calcutta DOLPHN Sailed Loading For Male PIONEER SUPREME i/t loading For Male DONA K IAH 10 1 Loaded For Felioatu PROGRESS LBERTY 10
      761 words
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      Page 39 Advertisements Column 4
      412 39 SYDNEY/MELBOURNE BANGKOK vessel [wt store «y» m 1 jwena [w wmmm. umm 1 PIANETA ]251 9 10/1 22-24/ i 2t 20/0 MAHA WW# <711 Sat 27/7 Tm 30/7 PIT A BHUM 1307 20 21/1 02 04/9 o*ol/9 Mg l*' l X,t PI ANITA 1452 9/9 22/1 2>/9 CMAITA BHM#* 17W
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      Page 39 Advertisements Column 5
      369 39 Tiea-une VSL VOY SINGAPORE MADRAS SINGAPORE VESSEL VOV SIN MAA SIM EAGLE CAPE 015 29 2«/08 07-08/08 13-14/08 TIGER STAR 16SN 03 04/08 10-12/08 18-18/08 TIGER BAY 169N 07 08/08 14-IC/08 22 23/08 VSL VOY SMQAPORE/C ALCUTT A/SMGAPORE VESSEL VOV SIN CAL SIN EAGLE BREEZE 075 28-29/07 03 07/08 13-14/08
      369 words
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      1313 40 MAC-NELS S'PORE MPORT: *****02 f PENANG: (04) *****6 J BAHRU: (07) *****2 KK: (068) *****0 MEDAN: (061)*****2 1 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 UK/SCAN/MED PORTS COLOMBO/S. AFRICA PFN PK SIN PEN PK SIN Colombo 26/7 27/7 28/7 1 1/8 2/8 3/8 Ldn/Fli/Rdm/Ant Durban/Pt Louis
      1,313 words
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      Page 40 Advertisements Column 2
      413 40 fUfc BLUE star line TO FROM 0/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN NPI AKI IVT SJN MANDAMA 0600 IN PI 5/8 VIA NPI 7/8 22/8 MUIBFRA 22S 9/8 21/8 Vl* NPI 23/8 9/9 MAHSURI 0502 27/8 8/9 VIA NPI 10/9 27/9 FULLY
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      Page 40 Advertisements Column 3
      1234 40 II THONG SOON LINES PTE. LTD. 77 ROBINSON ROAO #15-00, #16 00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO *****11, *****22 m TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL VOY |ET"r~|DEST VESSEL VOT SPORE P.
      1,234 words
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      772 41 COMPANIA PERUANA n€£X oe vapores "PERUVIAN STATE LINE" ACCEPTING BREAKBUIK/FCL/SOC CARGOES TO/FROM CAILAO. MATARAM. ILO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING Peiung* P Kelan| S*i{jp<*e E'Msu MRABIEVERETT 31 W/01 *u t 02/03 Aug lOHNEVERETT 13/14 Aug 15/17 Aug SHAPIAEVERETT 31 Auf/01 Sept 02/04
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      Page 41 Advertisements Column 2
      525 41 I vst Ivor Is pom [MAimwm [iax Ikst Isav Inyc Imfx m YOKOHAMA 16E 30/7 m ITALIA 27/1 3/9 I t 11/9 12/9 m TRfSTE 1311 ft rn KOREA V! 14<9 17/9 19/9 71/9 M EIAT 6M 13/1 m HONGKONG 12/9 21/9 24'9 9 21/9 LEEWAJTO «E 70/1 2*l KEELUNG
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      Page 41 Advertisements Column 3
      662 41 MULTI-MODE SHIPPING PTE LTD MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL CKJBAI UAMMAN SHARIAH DOHA MUSCAI BAHRAIN ABU DHABI BANDAR ABBAS KDOAH FAR EAST ACCEPTING FCL/LCL PfNANG P HUANG lAKARTA BANGKOK HONG KONG TAIWAN JAPAN MANII A. KORTA UK/EUROPE ACCEPTING FCL/LCL LONDON. FELIXSTOWt. LEEDS Til BURY ABERDEEN. LE HARVE. HAMBURG ROTTERDAM ANIWEP GOTHENBURG
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      Page 41 Advertisements Column 4
      577 41 mx PERINTIS LINE I ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASETIA 183 A In Pt 29/07 PELOPOR 998 27/07 30/07 PRASETIA 185 A 01/08 04/08 PELOPOR 999 03/08 06/08 DERAJAT 947 30/07 02/08 TANTO UTAMA 181 29/07 01/08 TANTO UTAMA 183 06/08 09/08
      577 words
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      Page 41 Advertisements Column 5
      415 41 SHI FAK LAST 28/7 KEELUNG/KAOHSIUNG 28/7 BANGKOK 3/8 MANILA/CEBU 3/8 JAKARTA/BELAWAN/SURABAYA 3/8 PORT KELANG/PENANG/E. Malaysia 29/7 BUSAN 29/7 TOKYO/YOKO/KOBE/NGO/OSA 29/7 HONG KONG SIN CHINA 29/7 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 28/7 LDN/FLX/LVP/SOU 28/7 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech SIN USA/CANADA 3/8 LOS
      415 words
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      Page 42 Advertisements Column 1
      713 42 FIL Container Services Pte Lid IHE TOTAL SERVICES NVOCC MADRAS CALCUTTA VSL VOY SINGAPORE/MADRAS/SINGAPORE JVSL VOY SINGAPORE/CALCUTTA/SINGAPORE VESSEL VOY SIN MM SIN VESSEL VOY SIN CAL SIN •NEXT AVAILABLE 27 28/07 05 06 08 11-12/08 NEXT AVAILABLE 28-29/07 03 07/08 13-14/08 03 04/08 10-12/08 18-18/08 04-05/08 11-14/08 20 21/08 07
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      Page 42 Advertisements Column 2
      510 42 y Eontermf CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION JAKARTA 30 JUL Y ALSO ACCEPTING CARGO TO. PORT VESSEL ETA NEXT BANGKOK CONTERM INGENUITY 03/1 10/8 lAKARTA CONTERM EDEN 30/7 6/8 PENANG CONTERM A BHUM 03/8 10/8 PORT KELANG CONTERM SEROIA 03/8 10/8 EUROPE CONTERM TONGHAE 28/7 04/8 AUCKLANO
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      Page 42 Advertisements Column 3
      547 42 CUJj con rnv inTEßmoonPi j LCL/FCL SERVICE FROM f ffil B CUfi op«r»t»« over 600 t«rmin»l»/offica» In U.S.A. 1 I I jfflßk m CUff RMtortakM over 35,000 tractor* 4 trucks. V II UmL M CUM mtvm ovar 60,000 points in U.S.A. MM MB J CUlf offer raiisbie LO/FCL »rvk»». V
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      Page 42 Advertisements Column 4
      406 42 ifeiJJILJrHIMjJJIIMJJ MANILA ETA VIGOUR SINGAPORE SNB 27H VIGOUR PACIFIC *2NB 3/8 BANGKOK 4/8 12/8 BUSAN 29/7 2/8 HONGKONG 29/7 2/8 DURBAN PT LOUIS 3/8 15/8 KEELUNG 28/7 4/8 USA 29/7 5/7 PT KELANG 29/7 2/8 KOBE 27/7 3/8 PIRAEUS 8/8 19/8 OSAKA 7/8 14,-8 JAKARTA 29/7 1/8 SURABAYA 29/7 2/8
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      992 43 vd> c vd> c vOc Oc vQc vCZ>c vOc 1 j.y van ommeren ceteco group V MORE FREQUENT FLIGHTS WORLDWIDE V transport DIVISION > V Nedlloyd Lines mmL 1 nL uu ii-iunio nunLurnuL u VOTAINER CONSOLIDATION SERVICES: 1 A THE ONLY CONSOUDATOR WITH WORLDWIDE NETWORK f]| I*"®"!!!!™ J J VESSEL
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      314 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 OtOO 0900 1000 1100 1200 1300 1400 1500 1600 *****800 1900 2000 2100 2200 2300 R 2.7 2.3 1.7 12 09 06 05 06 09 13 18 2.1 2.3 22 19 1.4 1
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      Page 44 Advertisements Column 1
      807 44 CHARTPOINT Every Saturday in Business Times I HYUNDAI Jl MERCHANT MARINE CO. UP. eastbounp feeder to pacific south-west to pacific north-west FEEDt* VOY Ml PKE SW Ll« HAUL VQT IBH OAK SEA UK HMA Wf TCM/gA PTL MMG CHUN 128 21/07 29/07 01/0S H PIONEER 42E 2S/0S »/0» 01/09 To*l*
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      Page 44 Advertisements Column 2
      123 44 PASIR GUDANG/SINGAPORE TWICE WEEKLY SAVINGS (TUE SAT) VESSEL VOY P.GUDANG S PORE JOSINDO SATU 019S 26/7 27/7 020S 29/7 30/7 021S 02/8 03/8 022S 05/8 06/8 023S 09/8 10/8 024$ 12/8 13/8 RASIR GUDANG SINGAPORE (07) *****0/*****1 (02) 534-0042 B V i a m w a via ~M l DAMAR
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      Page 44 Advertisements Column 3
      456 44 CHARTPOINT Every Saturday in Business Times UK/CONTINENT (TRIO) Hynbtff M Cowilmw. Ajrt*n Gofl*n#i»i Matin VPOAEIs 10* HIUK >MM UN «m*» !•*> ■ANAKUM 18/320 mi 14/1 11/ l 10/0 21/1 tMlartfan to »i*wt> Vwlrtom 9w Hnti >«SJG» IIC 130 1/1 22/1 Is/9 11/1 kvnaMw To frmr MONTI ROSA 14/331 4/1 21/1
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