The Business Times, 31 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 Wednesday, July 31, 1991 75*
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  • NEWS SUMMARY
    • Article
      Airport agreement boosts confidence in Hongkong
      51 1 HONGKONG Economic confidence in Hongkong has risen sharply since China reached agreement with Britain over the territory's multimillion airport project. The 10-point rise in the economic confidence index of Survey Research Hongkong is the sharpest since the organisation began its quarterly opinion polls in
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    • Article
      Sanctions: Tokyo to follow others' lead
      39 1 TOKYO Japan will not lift economic sanctions against South Africa until more countries take such action. "Before making our decision, we want to see how other countries respond." a Foreign Ministry official said.
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    • Article
      Business galore
      29 1 BINTAN ISLAND boasts opportunities for local manufacturers and businessmen, especially for those in support industries for the development of infrastructure and resort support serv ices Page 2
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    • Article
      Ahead of Europe 1992
      28 1 MORE companies are keen to obtain quality certification under the International Organisation for Standardisation or ISO 9000, in anticipation of Europe 1992 Page 2
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    • Article
      Running out of steam
      34 1 WHILE property developers are outwardly upbeat about the residential market in Kuala Lumpur, consultants are certain growth will be uneven and that the boom will not last long Page 7
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    • Article
      Soviets unite
      28 1 ALL 15 Soviet republics will join forces against the central government to press for changes in their country's handling of debt and foreign trade Page 9
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    • Article
      Stars cashing in?
      31 1 FEMALE stars are coming out to support human and animal rights campaigns. Are they sincere or just making use of the publicity to boost their careers? Page 15
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    • Article
      Still snapping up
      27 1 UNDAUNTED by increases in vehicle quota premiums affluent car buyers in Singapore are still queueing up for luxury cars Shipping l imes, Pg 1
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    • Article
      Law for Germans
      25 1 SINGAPORE is one of the few training centres in Asia to be used as a venue for training German lawyers Page 12
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  • MARKETS SUMMARY
    • Article
      Dow higher
      30 1 WALL STREET yesterday opened higher with the Dow Jones index of 30 leading industrials posting a 6.93 point gain to 2.992.17 in the first five minutes of trading.
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    • Article
      No rally yet
      30 1 INDONESIAN stockbrokers have welcomed the government's decision to ease monetary policy. But they are not expecting a major stock market rally in the near future Page 4
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    • Article, Illustration
      STOCK INDICES
      30 1 Tue$da> Change BT-MGA 713.50 -2.95 Kuala Lumpur 602 06 -5.05 Tokyo 23.872.63 429.05 Hongkong 3.991.83 -24.76 Sydney 1.574.2 <-6.7 Monda* Change New York 2.985.24 +12.74 London 2.595.0 +5.7
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    • Article
      CURRENCIES
      22 1 Exchange rates USS SS 1.7465 100 Yen SS 1.2665 MS SS 0.6265 Money market rates Overnight 4-7/8% 1/4 3-month 5-5/8% -1/16
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    • Article
      COMMODITIES
      41 1 London Gold AM fix USS362.30 -USS3.70 Rubber S'pore \ug 141 5U*/kg -0.75 Vl'sia Aug 227 00*/kg -0.50 KL Tin Turnover 45 tonnes I 7 Spot MSI5 46 /kg -3 Crude palm oil Turnover 3.181 lots 98 Aug MS885 /tonne -25
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    • Article
      Footsie higher
      28 1 SHARES were narrowly higher at midday yesterday. At 1115 GMT. the broad-based FTSE 100-share index was up 7.2 points at 2,602.2. Volume was 258.6 million shares.
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    • Article
      Sembawang growth
      27 1 SEMBAWANG Shipyard, which yesterday released a set of sparkling interim results, is charting out expansion plans which will strengthen the group's core businesses Page 3
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    • Article
      Another quits
      39 1 GROUP general manager David Lawrence has quit after only three months with Singland. fuelling speculation that another restructuring may be going on at UIC and Singland. and that more resignations may be on the cards. Page 3
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  • Article
    MAS monitors growing use of soft commissions
    654 1  -  Close watch comes on heels of recent developments in Japan By Magdalene Ng SINGAPORE authorities are monitoring stockbrokers' growing use of soft commissions to entice fund managers to do business with broking firms. Soft commissions, or soft dollars, come about when stockbrokers charge
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  • Article, Illustration
    Seel offer at least 140 times over-subscribed
    341 1  -  By Carolyn Lim SINGAPORE ELECTRONIC and Engineering Ltd's (Seel) offer which closed yesterday, was over-subscribed by at least 140 times, making it the most heavily subscribed offer this year. As of 10 pm last night, counting was still going on at DBS Bank,
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  • Article, Illustration
    Scotts says it will vigorously contest claims
    419 1  -  By Conrad Raj SCOTTS HOLDINGS, which is seeking a listing on the main board of the Stock Exchange of Singapore, will "vigorously" resist naval architect Phoenix Offshore's claims for damages for alleged breach of contract. Phoenix had. in its suit, claimed that Scotts
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  • Article
    NZ govt plans to reform tax system
    367 1  -  From Schutz Lee in WELLINGTON THE NEW Zealand government has signalled its intent on foreign investment with a plan to reform the tax system. As a first step, the withholding tax currently applied to interest payments to nonresidents will be lifted. This should
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  • Article
    Lock icon Bush grants MFN status to Moscow
    202 1 Reuter MOSCOW US President George Bush yesterday cleared the way for a major trade pact with the Soviet Union, announcing that he would grant it Most Favoured Nation status to lower tariffs on Soviet exports. The widely expected MFN concession was the first dividend
    Reuter  -  202 words
  • Page 1 Advertisements
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      Page 1 Advertisements Column 1
      219 1 ■f%l'fiHlfiud?i»« EXECUTIVE PLACEMENTS Aircraft Schedule 25 Money Market 23 Weather 25 Commodities 24 Regional Co News 4 World News 8.9 Cryptic Crossword 25 Regional News 7 Editorial 10 Regional Stock Markets 21 For market indices, editorial Financial News 6 SES 16. 17 advertising and circulation ex Futures Options 23 Share
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      Page 1 Advertisements Column 2
      77 1 y f\ B&ctlluui nhTmain SINCE 1888 V J Made in WEST GERMANY Sole Agent: H W Shelley Co (Pte) Ltd NZ all out to get more investments, Pg 26 Soviet republics to press for changes, Pg 9 They can set their sights Now businessmen on our Penthouse Floors. rnminp In
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        BG Yeo for Asean meeting in KL
        79 2 MINISTER tor Information and the Arts Brigadier-General (ieorge Yeo will attend the Seeond Conference of Asean Ministers Responsible for Information in Kuala Lumpur from \ug 1 to 2. He will be accompanied by senior officials. The lirst conference for Asean information ministers was
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      • Article
        Continue the good work
        79 2 SIAEF of the Singapore Airport Terminal Services (SATS) Must keep upgrading themselves, said Mah Bow Tan. Minisrcr of State for Trade and Industry, yesterday. Mr Mah said ihat while the open skies policy has worked well, "we cannot take it for granted that the world will
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      • Article
        Growing demand
        84 2 DEMAND for places in polytechnics is growing, said Senior Minister of State for Education Dr Tay Eng Soon. In the past two \ears, there have been 16,000 first-choice applicants lor the 8.800 available places. Even after Temasek Polytechnic is fully established, the total number of places at the
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      • Article
        Safety policy for polytechnic
        43 2 NGEE ANN Polytechnic has drawn up a policy to standardise >afety and security procedures in the campus. The satetv |H)licy is said to be the first in tertian institutions here. Safety Week will be launched in a ceremony today.
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    • Article
      NOL to launch direct service to California
      197 2 NEPTUNE Orient Lines Ltd announced yesterday that it would offer a direct weekly scheduled service from Singapore to California to reduce transit time. This is an interim service that NOL is introducing before launching its previously announced North America Express service. Starting with
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    • Article, Illustration
      Bintan offers potential for local businessmen
      407 2  -  By Carolyn Lim THE development of Bintan island offers tremendous spin-offs for local businessmen. These include supplying materials for infrastructural construction, support services such as food processing, packaging and laundry for the tourist resort and industrial estate coming up on the island. The opportunities
      407 words
    • Article
      Government should cut intake of foreign workers slowly: economist
      323 2 A LEADING local economist has argued against trying to moderate economic growth through a sudden slowdown in the rate of intake of foreign labour, saying the government should instead adopt a "gradualist policy" in foreign worker recruitment. Dr Lee Tsao Yuan,
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    • Article
      Mr Lee on EDB's mission in the years ahead
      227 2 SINGAPORE, through the' Economic Development Board (EDB). will have to attract new kinds of investments to keep ahead of the pack. This means that EDB, which was responsible for the transformation of Singapore from a colonial trading post to a newly-industrialising
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    • Article, Illustration
      More companies keen on getting quality certification
      286 2  -  By Kooi Cho Teng MORE companies are now keen to obtain quality certification under the International Organisation for Standardisation or ISO 9000. This is in anticipation of the Single European Market that comes into force in 1992, after which it may be mandatory
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    • Article
      Last tender for transferable COEs
      163 2 THE last tender exercise before the trial of non-transfer-able vehicle entitlements will begin tomorrow at 9 am and close at 4pm next Wednesday. the Registry of Vehicles said yesterday in a statement. The TCOEs (Temporary Certificates of Entitlements) issued in this tender will still be
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  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      313 2 HOTKL MKKIDIKN Now, a meeting package in Phuket that even your accountant would approve of. Imagine holding your next meeting against the backdrop of the Andaman Sea. Imagine taking time out J $&sss from all tin- business talk to dive into our stunning pool. f Imagine a gentle round of
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      Page 2 Advertisements Column 2
      42 2 We would like to inform you that the /Slfc, contest will be jjJL| J m published in BT on 7August,l99l [j-Lstead of today as stated in the 11 ll i Jkl ***** Lll contest form. We apologise for any inconvenience caused. BiisinessTimes
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      Page 2 Advertisements Column 3
      12 2 lx>ng queue for luxury cars despite costly COE, Shipping Times, Pg I
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  • COMPANY NEWS 1
    • Article
      Sembawang Shipyard charts expansion plans
      479 3  -  By Lilian Ang LISTED Sembawang Shipyard., which yesterday released a set of sparkling interim results, is charting out expansion plans which will strengthen the group's core businesses. For a start, the group is finalising plans to bring its engineering business under the Sembawang Shipyard umbrella,
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    • Article, Illustration
      More key Singland men quit
      443 3  -  Speculation is rife of another restructure By Lee Han Shih ONE YEAR after Singapore Land fell into the hands of United Industrial Corporation (UIC). key personnel are still leaving the company. Last Friday, group general manager David Lawrence quit after only three months with Singland.
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    • Article
      Parkway, Hwa Hong buy UK property
      267 3  -  By Lee Han Shih PICKING bargains in London's depressed property market. Parkway Holdings and partner Hwa Hong Corporation have invested $39 million in a residential property in the swanky Chelsea area. Statements by both companies yesterday said they each bought a half share in
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    • Article
      MBf group profit up 44.8 pc at half time
      219 3 KUALA LUMPUR MBf Holdings Bhd's group pre-tax profit for the six months ended June 30 rose 44.X per cent to M 541.00 million (SS2S million) from $28.33 million a year earlier despite the effects of the Gulf War on the economy
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    • Article
      Lock icon Sungei Way plans more acquisitions
      401 3 Bernama KUALA LUMPUR Sungei Way Holdings Bhd has plans to acquire several eon-slruction-related companies to broaden its earnings base and to enable it to participate in growth opportunities in the manufacturing, construction and property sectors. Sungei Way is proposing to acquire the paid-up capital of
      Bernama  -  401 words
    • Article
      Singmarine turns in flat interim earnings of $10.3 m
      268 3 SINGMARINE Industries, part of the Keppel group of companies, has turned in only slightly better after-tax earnings of $10.29 million for the interim period ended June 30. 1991. In a statement yesterday, the group said although Singmarine Dockyard continued to be
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    • Article
      UIS interim profit up 54.3pc
      248 3 UNITED International Securities (UIS), an associate company of UOB, has reported an after-tax profit of $1.2 million for the six months ended in June, up 54.3 per cent from a year earlier. For 1990. UIS posted a group after-tax profit of $779,000 at half time
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    • COMPANY BRIEFS
      • Article
        Tibs' revamp plan approved
        80 3 THE High Court has approved the restructuring plan by Trans-Island Bus Services (Tibs) to put the company together with its subsidiary and associated companies under a new investment holding company called Tibs Holdings. The Transfer Books and Register of Members of the company will be closed
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      • Article
        Malayan Cement profit up
        68 3 KUALA LUMPUR Malayan Cement Bhd has announced a group pre-tax profit of M 537.27 million tor the half year ended May 31 against M 529.63 million a year ago. Releasing its unaudited interim results yesterday, the company added that group turnover totalled MS 169.02 million against
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      • Article
        Parkway incorporates two units
        39 3 PARKWAY Holdings Ltd has incorporated two whollyowned subsidiaries through Gleneagles International, which in turn is a wholly-owned subsidiary'. The two subsidiaries are Gleneagles Pharmacy and Gleneagles Development whose issued capitals are $3 and S2 respectively.
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    • Article
      DBS still in lead but profits fall
      189 3  -  By Quak Hiang Whai FIFTEEN weeks into the DBS Charity Investment Race, DBS Asset Management continued to lead the nine participants. However, the runaway leader saw its accumulated profits decline by Si 1,800 from the previous week's level. DBS reported an accumulated profit
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    • COMPANY BRIEFS
      • Article
        NTT exploring tie-up for Brazilian market
        80 4 TOKYO Nippon Telegraph and Telephone Corp (NTT) is considering t>ing up with foreign carriers to expand into the Brazilian mobile telecommunications market, an NTT spokesman said. The company was thinking about forming a consortium with foreign telecommunications firms, investing in and constructing a mobile
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      • Article
        Pacific Dunlop's distributor deal
        66 4 MEL BOURNE Pacific Dunlop Ltd said its Dunlop Industrial Sales (DIS) division is entering into an agreement with MSA (Australia) Pty Ltd to distribute MSA's industrial safety products in Australia. Pacific Dunlop said the agreement would not involve the acquisition of MSA. wholly owned by Mine
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      • Article
        Nissan, Nihon Unisys venture
        67 4 TOKYO Nissan Motor Co Ltd said it and Nihon Unisys Ltd have formed a joint venture in Yokohama to develop CAD/CAM (Computer-Aided Design/Computer-Aided Manufacturing) systems. The new company, named Nissan AR Technology Co Ltd, capitalised at 200 million yen (552.4 million) and owned 65 per cent
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      • Article
        CSR profits unlikely to improve
        112 4 SYDNEY Building materials and sugar company CSR Ltd said profits are unlikely to improve in the current year to March 31, 1992. Chairman Alan Coates told the company's annual general meeting that the first three months of CSR's current year had brought no relief from
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      • Article
        Komatsu and Hyundai team up
        87 4 TOKYO Komatsu Ltd, a leading Japanese industrial machinery maker, said on Monday it would team up with the construction machinery unit of South Korea's Hyundai group for production of hydraulic mini-excavators in South Korea. Komatsu officials said Komatsu would provide manufacturing technology in September to
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      • Article
        Japanese giants' Belgium move
        98 4 BRUSSELS Belgian pharmaceutical group UCB SA said it formed a Belgium-based joint venture with Mitsubishi Kasei Corp and Mitsubishi Corp of Japan for the production of acrylamide, a chemical used in water treatment. UCB said in a statement it will have a 19.9 per cent stake
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    • Article, Illustration
      Indon brokers welcome easing of monetary policy
      597 4  -  But they think a stock market rally in the near future is not likely From Maggie Ford in JAKARTA INDONESIAN stockbrokers have welcomed the government's decision to ease monetary policy and bring down bank interest rates but they feel that a major stock
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    • Article
      Implement investment deal, Bangkok warns whisky maker
      288 4 BANGKOK Thailand's Sura Maharas Co, producer of Mekong whisky under a government concession, received a warning last week from the Industry Ministry' because the firm has lagged behind proposed investments necessary to improve product quality. The Nation reported earlier this week. Although the
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    • Article
      Lock icon Taipei food giant in Xinjiang venture
      152 4 AFP TAIPEI Taiwan food giant President Group is to form a US$5 million (SSB.7 million) joint venture with China's Xinjiang autonomous region to make ketchI up. company chairman Kao Chin-yen said on Monday. President is to sign a contract with Xinjiang International Trust and
      AFP  -  152 words
    • Article
      Indon fund sees rise in net asset value per share
      288 4  -  By Dawn Tan THE Indonesia Development Fund has reported an increase in net asset value per share for the year ended December. 1990. according to its latest annual report, which was released yesterday. The fund's net asset value per share
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    • Article
      Lock icon Ssangyong-Aramco venture revamp gets nod
      230 4 AFP NICOSIA South Korea has approved a restructured joint refining venture between the Saudi Aramco national oil company and the South Korean firm Ssangyong, the Middle East Economic Survey (MEES) reported on Monday. Under the venture, approved by the South Korean government, Saudi Aramco will
      AFP  -  230 words
    • Article
      Lock icon French firm in venture to build China oil refinery
      524 5 Reuter DALIAN, China A French company will be the first foreign firm to build an oil refinery in China, positioning itself for an approaching shortfall in refinery capacity in Asia, industry analysts said. Total Compagnie Francaise des Petroles early this month
      Reuter  -  524 words
    • Article
      Lock icon Disney needs higher revenue from parks
      246 5 Reuter LOS ANGELES Walt Disney Co's profits may not recover in the next few quarters if bookings at its theme parks do not begin to catch up with capacity. Disney's soft third quarter earnings were largely in line with Wall Street expectations, but analysts
      Reuter  -  246 words
    • Article
      Lock icon Apple signs deal for dealerships in Soviet Union
      244 5 AP MOSCOW Computer giant Apple Inc plans to take its sales war with IBM Corp to the Soviet Union with a Russian-language Macintosh personal computer, a company official said. California-based Apple, which lags far behind industry leader IBM and other computer-makers in
      AP  -  244 words
    • Article, Illustration
      Lock icon Trump rejects Hilton's offer to buy hotel
      303 5 Reuter NEW YORK Hilton Hotels Corp's US$l65 million (Ss2Bo million) offer to buy the Trump Castle hotel/casino expired on Monday after the Trump Organisation rejected it. "We have no interest in selling the hotel," Stephen Bollenbach, chief financial officer of the Trump Organisation,
      Reuter  -  303 words
    • COMPANY BRIEFS
      • Article
        Xerox seeks higher earnings
        95 5 STAMFORD, Connecticut Xerox Corp. which posted higher second quarter earnings from continuing operations, said stronger market-place demand is required to ensure increased earnings in full-year 1991. Paul Allaire, Xerox chairman and chief executive officer, reiterated in a statement that when the economic climate improves, Xerox is
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      • Article
        French firm probed for fraud
        120 5 PARIS The public prosecutor on Monday began investigating the former head of the bankrupt French SMT-Goup-il computer company Claude Perdrillat for fraud, the prosecutor's office said. A report by the French stock market watchdog, the COB, had alleged that the company had published false balance
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      • Article
        Barratt sees £100 m pre-tax loss
        97 5 LONDON Barratt Developments pic said it expected to post a pre-tax loss of about £100 million (***** million) for the year to June 30 and would be unable to recommend a final dividend. "The board believes that the consolidated loss before tax for the
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      Page 3 Advertisements Column 1
      431 3 Will you call me :ro nil your hotel, darling? A k ANA HOTEL SINGAPORE It. 11.11. lll.'* ..in Iti. ll I Vlt.m K. .t 1!.. v. l ill I llu 1...1, I .lit. i I ~v 1«,.,l 1.1.x \MSI\ l<S -MM 1.1 <!•'• I--- The 3rd International Petrochemical Conference >■<
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  • Page 4 Advertisements
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      Page 4 Advertisements Column 1
      971 4 Continental Bank Corporation And Subsidiaries Including Continental Bank, N.A. 231 South La Salle Street, Chicago Illinois ***** CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF OPERATIONS December 31 .n m.il.ons) IWO 1989 V—rndedOecwwbw II $nm 1990 1989 Assets Interest Revenue Cash and non-interest-bearing deposits 2,176 S 2 184 Loans $1,596.4 Si 1
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      Page 4 Advertisements Column 2
      66 4 a TANG SAN ANTIQUE HOUSE cordially invite the pleasure of your company MING AND QING DYNASTIES ANTIQUE FURNITURE EXHIBITION QINC. OFFKIAI-S I-AM GI'AN lIAT ARMCHAIR (Wli MH WOOD) Wu Mei, Xitun Huali, Jichi, Duan, lllackwood And Klmvvood. Venue: Mandarin Singapore Reception Hall (sth Floor, South Wing) 333, (Jrchard Road, Singaporco923
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
      61 5 w— A warm welcome at Shangri-La Hotel in Penang A meeting of the minds should always begin gracefully. 6 Shangri-La hotel PENANG, MALAYSIA A SMANC*I LA INTERNATIONAL HOTEL SHANGRI LA HOTEL. MAGAZINE ROAD, lOJOO PENANG. MALAYSIA TEL «M 622 622 TELEX ***** SHNGPC MA FAX 6<M 626 526 For reservations
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      Page 5 Advertisements Column 2
      166 5 Now 7times a week. Nonstop to Frankfurt, Europe, the World. Lufthansa Reservations: 737 9222 i>'f c iuHSragj 51 ;^H Ityg&ZZ ?up£ v<?v^ ?l' IBPEQUIGNET Because' individuals always have the best time. .8 ftWi AN OUTSTANDING ALLIANCE dTVTj fflfc OF DESIGN AND MATERIAL, $lK THE SAKKARA-WATCH BY PEQUIGNET v HAS THE
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • Article
        US farm banks' profits up for fourth year
        99 6 WASHINGTON US farm banks posted higher profits in 1990, for the fourth year in a row. but will face increasing challenges during the rest of the decade as the banking industry restructures, a study said. While the American Bankers Ask>ciation report was
        99 words
      • Article
        NYSE's earlier opening delayed
        82 6 NEW YORK The New York Stock Exchange (NYSE) has been forced to delay implementing its controversial plan for an earlier opening due to its failure to foresee many members' stiff opposition to the proposal. Wall Street experts said. Critics of the plan have grown increasingly vocal,
        82 words
      • Article
        Taiwan-HK market link
        77 6 TAIPEI Taiwan will link its interbank foreign currency call loan market with Hongkong as a step towards expanding its financial industry and becoming a major Asian banking centre, officials said. The Taipei Foreign Exchange Market Development Foundation has agreed to set up the link through Hongkong broker
        77 words
      • Article
        ITT insurance unit's income up
        63 6 HARTFORD, Connecticut ITT Hartford Insurance Group, a unit of ITT Corp, reported a 38 per cent increase in net income in the second quarter of 1991 to US$95 million (Ssl66 million). The improvement in earnings was due to increases in net investment income and an
        63 words
      • Article
        Sanwa to open Vienna office
        75 6 TOKYO Sanwa Bank said on Monday it would open a representative office in Vienna to take advantage of the growing business opportunities in Eastern Europe and the Soviet Union. The privatisation of industries in countries that were once communist and the start-up of new firms
        75 words
      • Article
        Cash transfers to China relaxed
        65 6 TAIPEI Taiwan will ease curbs on transfers of money to China by private citizens with 14 local banks to handle remittances instead of one, officials said. Taiwanese individuals have sent US$37 million (5564.6 million) to relatives and other recipients in China since May last year,
        65 words
    • Article, Illustration
      Lock icon Drexel to pay US$290m to resolve tax claims
      534 6 Path cleared for filing of reorganisation plan in bankruptcy court NYT NEW YORK Drexel Burnham Group Inc said on Monday that it had agreed to pay US$29O million to the Internal Revenue Service to settle tax claims against the bankrupt firm. The
      NYT  -  534 words
    • Article
      Lock icon Small Japanese brokers may tell all too
      226 6 Reuter TOKYO Japan's parliamentary investigators will ask six smaller brokerages to follow the lead of the Big Four brokers and release details of improper compensation of favoured clients soon, finance committee chairman Takeo Hiranuma said yesterday. The Lower House's finance committee is investigating
      Reuter  -  226 words
    • Article
      Futures cross listings reduce volatility: study
      199 6 SINGAPORE The cross listing of similar futures contracts on different exchanges is more likely to increase the contracts' trading volume and reduce price volatility on each exchange, according to a study by university lecturers. Dr Annie Koh and Dr Tsui Kai Chong. The lecturers'
      199 words
    • Article
      Price Waterhouse a big consultant in Asian markets
      347 6  -  By S N Vasuki SINGAPORE Price Waterhouse has emerged as a major player in providing advice to the emerging stock markets of the Asia-Pacific region as they expand and modernise their operations. Last year alone, the international auditing and consultancy firm's London-based
      347 words
    • Article
      Lock icon Allianz increases Dresdner Bank stake to 23pc
      348 6 Agencies MUNICH Insurer Allianz AG Holding has increased its stake in Dresdner Bank AG, Germany's second largest bank, to about 23 per cent. Allianz's outgoing management board chairman Wolfgang Schieren said in a speech prepared for delivery to a news conference yesterday: "In
      Agencies  -  348 words
  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
      508 6 vV SEMBAWANG SHIPYARD LIMITED (Incorporated in the Republic of Singapore) INTERIM RESULTS 1991 THE DIRECTORS OF SEMBAWANG SHIPYARD LIMITED ANNOUCE THE UNAUDITED RESULTS OF THE COMPANY FOR THE HALF YEAR ENDED 30 JUNE 1991 AS FOLLOWS:COMPANY GROUP fipj 1991 1990 1991 1990 SS'OOO Ssooo Ssooo SS'OOO REVENUE 183,708 162,534 +13.0
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      Page 6 Advertisements Column 2
      120 6 This announcement appears for the purposes of record only July 1991 ST V SAN TEH LTD (Incorporated in the Republic of Singapore) Invitation in respect of 25,200,000 New Ordinary Shares of $0.20 each at $0.61 per Share payable in full on application Managed and Underwritten by UNITED MERCHANT BANK LIMITED
      120 words
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  • THE REGION
    • Article, Illustration
      Lock icon KL condo values expected to drop
      557 7  -  Developers upbeat about market but consultants say supply exceeding demand soon By Salil Tripathi in KUALA LUMPUR KUALA LUMPUR's condominium market is witnessing heady 'days. With land getting scarce and net migration into the city matching population growth, prospects for residential property owners seem
      Source: Domaln Consulting  -  557 words
    • Article
      Lock icon Aussie Treasurer hints at rate cuts to aid economy
      291 7 AFP Reuter SYDNEY Australian Treasurer John Kerin said there is still scope for existing interest rates to boost the economy. He told reporters it had been shown in Australia that the lag in interest rate cuts could take nine months to
      AFP; Reuter  -  291 words
    • Article
      Booming Vietnam-Japan trade worries Thais
      270 7 BANGKOK Japan's increasing interest in Vietnam may hurt Thailand's trading opportunities on the Japanese market, warned the Thai commercial officer in Tokyo, Am pa wan Pitchayalai. Although the Japanese government has publicly announced that it would resume the office development assistance to Vietnam only after
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    • NOTE BOOK
      • Article
        Jakarta to donor nations: Don't dictate to us
        120 7 JAKARTA Donor countries cannot dictate Indonesia's development policies, press reports here yesterday quoted Coordinating Minister of Economy, Finance and Industry Radius Prawiro as saying. "We only submit our concepts of development programmes to donor countries... Indonesia has never been dictated to by
        120 words
      • Article
        Call for Asean economic pact
        72 7 MANILA The Philippines yesterday urged fellow members of the Association of South-east Asian Nations (Asean) to forge an economic treaty fashioned after the European Community. Foreign Secretary Raul Manglapus told a meeting of Asean chambers of commerce here that the six-nation group already enjoyed strong
        72 words
      • Article
        US urged to extend Marcos ban
        67 7 MANILA The Philippines has asked the United States to extend the ban on the return of Imelda Marcos and the remains of her late husband, former president Ferdinand Marcos. Executive Secretary Franklin Drilon said the Foreign Department asked US authorities last week to extend
        67 words
      • Article
        Prostitutes-as-pilgrims ring busted
        72 7 BANGKOK Thai police have uncovered a gang sending prostitutes to Saudi Arabia disguised as pilgrims to the holy city of Mecca. Police arrested one woman ring-leader of the gang on Monday and identified three other suspects after Saudi authorities deported 11 Thai women last week. A Thai
        72 words
      • Article
        Thai army to hold land auction
        116 7 BANGKOK The Treasury Department and the Royal Thai Army will hold a bid to select the developer of 63 rai of army stadium land in May next year, reports the Bangkok Post. The plan to develop the land was initiated by National Peace-Keeping Council
        116 words
  • Page 7 Advertisements
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      Page 7 Advertisements Column 1
      158 7 MOST AIRLINES CAN TAKE CARE OF YOUR CARGO NEEDS. BUT WHO TAKES CARE OF YOUR CARGO AS WELL? w^jyjjßiiy *n*. a HNw. HRHuV 1 r r v «m a .t69? C THAI CARGO. YOU CAN DEPEND ON US. While most airlines tan take your cargo just complexes. Thai Cargo has
      158 words
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  • THE WORLD 1
    • Article
      Lock icon India eases rules on trade
      579 8 Emphasis still on export promotion but import controls remain FT NEW DELHI India has swept aside many of its controls on foreign trade and with them a complicated network of licences and export subsidies as part of a package of economic reforms presented with the
      FT  -  579 words
    • Article
      Lock icon European groups defer talks on creating a single market
      381 8 Reuter BRUSSELS The European Community and the European Free Trade Association (Efta) said yesterday they were breaking off talks on creating the world's biggest single market until September, missing their third deadline. But they insisted their ambitious goal still stood. "The
      Reuter  -  381 words
    • Article
      Lock icon Roh interfering too much, say S Korean conglomerates
      428 8 AFP SEOUL South Korea's business conglomerates, which grew rich and powerful under government industralisation and liberal credit policies, are now openly complaining that President Roh Tae Woo interferes too much in business. The government is aimimg to prevent economic power from resting
      AFP  -  428 words
    • Article
      Lock icon China's special economic zones post 30pc surge in trade
      269 8 AFP BEIJING Foreign trade j by China's special economic zones (SEZs) surged 30 per cent to US$B.3 billion (5514.11 billion) in the first j half of the year on strong j growth of foreign-invested businesses. The five zones, which geographically make
      AFP  -  269 words
    • WORLD WATCH
      • Article
        2 in 3 say Bush not handling economy well
        107 8 WASHINGTON Americans are increasingly unhappy with President George Bush's handling of the economy, with two-thirds saying the country is on the wrong track, an ABC News public opinion poll released on Monday showed. An overwhelming majority 85 per cent do not
        107 words
      • Article
        US Bill on Iraqi war crimes
        95 8 WASHINGTON The US Senate passed legislation that calls for an international trial of Iraqi "war criminals" and sets up a special State Department office to help develop the plan. The provision was included in a bill appropriating US$ll.5 billion (Ss2o billion) over two years
        95 words
      • Article
        Taipei to offer aid to Moscow
        84 8 TAIPEI Taiwan will ofier financial aid to the Soviet Union as part of its drive to strengthen economic links with Moscow, officials said yesterday. The Ministry of Economic Affairs has decided to declare the Soviet Union eligible for low-interest loans from the government's Overseas
        84 words
      • Article
        3-nation business meeting
        63 8 TAIPEI Businessmen from Taiwan. Hongkong and China will meet in December to discuss ways of boosting trade among the three economies, a private Taiwanese business association said. A spokesman for the Taiwan government's Board of Foreign Trade said it would be the first time in more than
        63 words
      • Article
        Taiwan, UK to hold trade talks
        66 8 TAIPEI British and Taiwanese economic officials met on Monday for the first governmental trade talks since the two countries severed diplomatic ties 41 years ago. John Meadway. undersecretary of the Trade and Industry Department and head of the four-member delegation, is the highestranking British
        66 words
      • Article
        S Korea's opposition feuding
        64 8 SEOUL South Korea's main opposition party was riven by a bitter feud yesterday as a group of its members threatened to expose party secrets and walk out should the party decide to expel a senior lawmaker. "We will not just sit back but take actions." said
        64 words
    • Article, Illustration
      Lock icon Soviet republics join forces to press for changes
      441 9 Bid to influence Kremlin's handling of debt, trade FT MOSCOW All 15 Soviet republics, including those seeking independence, have agreed to join forces against the central government to press for changes in the Soviet Union's handling of debt and foreign trade. Under
      FT  -  441 words
    • Article
      Lock icon De Klerk demotes 2 ministers in bid to placate ANC
      269 9 AP JOHANNESBURG President FW de Klerk has met a major demand of the African National Congress (ANC) by demoting the two controversial ministers in charge of South Africa's security forces. In a bid to defuse a growing scandal threatening his
      AP  -  269 words
    • Article
      Lock icon Soviets tighten monetary policy to control inflation
      288 9 AFP MOSCOW The Soviet central bank has introduced tight monetary policy to control inflation of the money supply, the semi-official Interfax news agency reported yesterday. The central bank had noticed that the money supply had risen by 41.6 per cent during the first
      AFP  -  288 words
    • Article
      Lock icon Higher wages not sign of US recovery, say economists
      271 9 Reuter NEW YORK Personal incomes of Americans rose strongly in June but economists said there are still questions about the strength of the US economic recovery. Charles Lieberman of Manufacturers Hanover Securities Corp said the rise of about one per cent
      Reuter  -  271 words
    • Article
      Lock icon Cartel office calls for more buy-outs in Berlin
      174 9 Agencics BONN The competitive structure of the German economy will suffer if cast Germany becomes the "land of (west German) subsidiaries", according to Wolfgang Kartte, president of the German cartel office. He said that management buy-outs should be given more of a
      Agencics  -  174 words
  • Page 8 Advertisements
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      977 8 COMMERZBANK sSi. (Incorporated in the Federal Republic of Germany) 1990 31 Dec 1969 1990 31 D#c 1989 Assets DMI,OOO DMI,OOO Liabilities and Shareholder*' Equity DMI,OOO DMI,OOO Cash on hand 838,245 609.283 Liabilities to banks 54,230.677 49.733.561 Balance with Deutsche Bundesbank 5,787,854 4.951,810 Liabilities to customers 98,714,142 85,036.582 Balances on postal
      977 words
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  • Page 9 Advertisements
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      Page 9 Advertisements Column 1
      98 9 11AM THURSDAY AUGUST 29, 1991 ON-SITE 97 Murray Street Central Perth, Western Australia. LONG LEASE TO MISS MAUD SWEDISH STYLE HOTEL/ RESTAURANT Title Particulars The land is held as an Estate in Ft.tr Simple awl is <i« s< ribed as part of eac.h of Perth Tbwn Lots QlO and (>l2
      98 words
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      Page 9 Advertisements Column 2
      87 9 Perth, Western Australia. Don't run around the block looking for some of the best investment properties in Perth's rapidly developing West End CBD. No. 899-901 903-907 No. 914 No. 918 Demand a Block Buster copy of this brochure detailing 4 prime opportunities that are to be auctioned 11AM TUESDAY AUGUST
      87 words
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      Page 9 Advertisements Column 3
      1012 9 Now 7times a week. Nonstop to Frankfurt, Europe, the World. 0 Lufthansa Reservations: 737 9222 r y Bayerische Landesbank f Girozentrale i CONDENSED CONSOLIDATED BALANCE SHEET AS AT 31ST DECEMBER 1990 (Figures in DM Millions) ASSETS 1990 LIABILITIES 1990 Cash funds 638 3 Due to Bavarian savings banks 16,289 7
      1,012 words
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  • Article
    Middle class aspirations
    511 10 EDITORIAL SOME SEE it as a squeeze. Others could call it a most natural, legitimate, aspir-ing-after. That middle-class Singaporeans, with a hold now on many ot the good things in life, should hanker after more and better is a simple, inevitable, sign ot progress. With higher living
    511 words
  • WHAT THE OTHERS SAY
    • Article
      Self-rule and integrity
      336 10 THE DRAFT Code of Conduct now being studied by members of the Association of Banks in Singapore lacks the power of sanction. While it can preach and teach, it cannot impeach. It is very much up to members' good sense and integrity whether the code will become
      336 words
    • Article
      Breaking the racial barrier
      112 10 THE Chinese-educated have good reasons to demand the effective implementation of Mandarin and the preservation of Chinese culture. Their problems are real and should be addressed immediately. But of course, they have to find creative and tolerable ways to achieve the objective. Apart from discussing their
      112 words
    • Article
      Forsaking Marxism
      74 10 THE Soviet Communist Party is facing an unprecedented crisis at present. Even the most stubborn and conservative members in the party know very well that Marxism has lost its effectiveness. But the influence and practices of Marxism cannot be erased quickly. In addition, the regime has created many
      74 words
  • REGIONAL VIEWPOINTS
    • Article
      Give the right signals
      161 10 IT is encouraging to note that the jawboning by the Finance Minister immediately resulted in a consensus among 28 private and seven state banks in the middle of last week to lower their deposit rate to a range of 21 to 23 per cent as of
      161 words
    • Article
      Why an inquiry is needed
      237 10 THE continuing revelations about the nefarious connections of the Bank of Credit and Commerce (BCC) now add "slush funds" for international terrorism to money-laundering for drug gangs will fuel calls for an inquiry into the Hongkong subsidiary. The government appears undecided or unwilling to set
      237 words
    • Article
      Denying responsibility
      102 10 THE secret finally leaked out. The Press was responsible. What were formerly dark insinuations, took concrete form when Law and Order Minister Adriaan Vlok confirmed the H ci'kly Mail report ol secret fund payments of 250,(XX) rand made by the Government to the Inkatha. The Pretoria regime has
      102 words
  • Article, Illustration
    Lock icon KLSE: running out of steam?
    904 10  -  In 1990. there were 36 new listings on the Kuala Lumpur exchange and 38 rights issues by already established firms. But some analysts feel that this rate of growth cannot continue. Michael Richardson reports Michael Richardson IHT A HEAVY flow of new listings and rights
    IHT  -  904 words
  • Page 10 Advertisements
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      88 10 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS Stories on labour and its relationship with management, management concepts in practice, profiles of leading managers in Singapore and relevant book reviews. ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for managers who want the competitive edge. Plus an occasional look at
      88 words
  • Page 10 Miscellaneous
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  • ANALYSIS
    • Article, Illustration
      Lock icon Hongkong: Singapore's gateway to China
      861 11  -  John Elliott looks at the basis for Singapore's interest in Hongkong, due to revert back to China in 1997 John Elliott FT SINGAPORE has its sights set on Hongkong as a prime location for investment as part of a strategy to carve itselt a role
      FT  -  861 words
    • Article, Illustration
      As close as lips and teeth
      1358 11  -  Vietnam's love-hate relationship with China has come full circle. Hanoi has returned to the 'love' phase of that relationship, but the courtship appears to be one-sided, says Mike Yeong Mike Yeong The writer is a researi h fellow at the Institute of S<mth-east Asian
      1,358 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      258 11 ©Focal Finance Limited (|nc<xpO'at«d m Singapore; A Memb** o* The OCBC G'Ouc Focal Finance ANNOUNCEMENT The Directors ot Focal Finance Limited are pleased to announce the unaudited interim results tor the si* months ended 30 June 1991 as follows Latest Half Previous Half Year To 30/06/91 Year To 30/06/90 "$OOO
      258 words
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  • THE LAW PAGE
    • Article, Illustration
      A Singapore spell for German trainees
      537 12  -  David Gabriel reports on the training stint which some German legal trainees undergo in Singapore David Gabriel SINGAPORE is one of the few Asian training centres for German legal trainees. As part of the finishing touches to a long and tough law course, trainees
      537 words
    • Article
      Complete title to property missing
      436 12 CASE KEVIN TATE AND ANOTHER V. SIHAN SADIKIN High Court of the Republic of Singapore, Originating Summons No 1270 of 1990: Judicial Commissioner GP Selvam. THE defendant, Sadikin, agreed to buy a flat in a condominium known as Country Park. His agreement with the developer
      436 words
    • Article
      Court registers M'sian judgment in Singapore
      354 12 MBF FINANCE BERHAD V. YONG YET MIAW AND YONG KIM YOONG High Court of the Republic of Singapore, Originating Summons No 726 of 1989: Justice Chao Hick Tin. IT IS a well-established principle that a judgment made by a foreign court cannot be impeached
      354 words
  • Page 12 Advertisements
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      Page 12 Advertisements Column 1
      267 12 tM> j. i*&£\Z 4f Obviously, you'd go for the one on the charts, superior graphics, documents It's an area we pride ourselves in right. And you wouldn't be wrong. good enough to impress the most leading the field. We pioneered InkJet The HP DeskJet 500 is a rather critical client.
      267 words
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      Page 12 Advertisements Column 2
      106 12 The Adelphi No. 1 Coleman Street 1 An address of distinction. Ideal for medium and Office units ranging from 1,400 sq ft to 27,500 sq ft at attractive rentals. Ideal for medium and large companies as headquarters, regional centres or branch offices. Central location, with easy and convenient access to
      106 words
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  • SPORTS
    • Article, Illustration
      Lock icon Nicklaus gets older and better
      746 13 AP BIRMINGHAM, Michigan The older Jack Nicklaus gets, the bigger his legend grows. Fie didn't just beat Chi Chi Rodriquez by four strokes in Monday's playolt for the US Senior Open, he did it with one of the great rounds of his unparalleled career. At
      AP  -  746 words
    • Article
      Lock icon Miami Beach names centre after Ali
      402 13 UPI MIAMI BEACH The wing of the Miami Beach Convention Centre where Muhammad Ali won his first heavyweight title by defeating Sonny l.iston 27 years ago was renamed on Monday to honour the world's only three-time heavyweight champion Previously known as "Hall C", the
      UPI  -  402 words
    • Article
      Lock icon Krickstein struggles to defeat Goldie in Volvo event
      282 13 Reuter LOS ANGELES Seventhseeded Aaron Krickstein saved a set point in the first set and rallied from a service break down in the second set to eliminate fellow American Dan Goldie 7-6 (8-6) 7-6 (7-4) in the first round of the U*****,000
      Reuter  -  282 words
    • SIDE LINES
      • Article
        S African athletes mount own bid
        120 13 JOHANNESBURG South Africa's top athletes, despairing over their squabbling officials, on Monday mounted their own bid to enter international competition in time for the World Athletics Championships in Tokyo next month. The athletes, angry about a weekend decision by officials to turn down an
        120 words
      • Article
        Grand jury to hear testimony
        81 13 INDIANAPOLIS, Indiana A grand jury will hear testimony on allegations that former heavyweight champion Mike Tyson raped an 18-year-old woman here 10 days ago. Ihe six-member panel, appointed by Marion County prosecutor Jeffrey Modisett. will decide whether there is enough evidence to order a trial.
        81 words
      • Article
        Johnson dropped from race
        79 13 STOCKHOLM Ben Johnson has been dropped from a sprinter race at Malmo on Aug 5 because of his recent unsatisfactory results. Malmo AI president Bengt Bendeus confirmed on Monday that he faxed Johnson's attorney and agent Ed Futerman in Toronto on Sunday to cancel the contract.
        79 words
      • Article
        Shriver beats Durie
        63 13 CARLSBAD, California Unseeded Pam Shiver defeated Britain's Jo Durie on Monday night in the opening round of the U*****,000 Mazda Tennis Classic. Top-seeded Monica Seles of Yugoslavia was to make her first appearance last night against Shriver, who defeated Dune 6-3, 6-4. Seles, 17, has not played
        63 words
      • Article
        Maradona back in training
        121 13 BUENOS AIRES Diego Maradona, suspended from soccer four months ago for using cocaine, will practise with his former team, the Boca Juniors. "Diego already asked permission from (club) director* to be able to train along with the team." manager Marcos Franchi said yesterday. Maradona, 30, remains
        121 words
      • Article
        Anti-doping laboratory
        81 13 HAVANA Cuba has installed a modern, multinational anti-doping laboratory to ensure a clean bill of health and a clear conscience for athletes competing in the Aug 2-18 Pan-American Games. The anti-dopmg laboratory, which will operate at the National Scientific Investigation Centre in Havana, combines technology and expertise from
        81 words
  • Page 13 Advertisements
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      Page 13 Advertisements Column 1
      187 13 Always Judge A Restaurant trifle fussy you may ininwculate, don t bother lookup ti m say. But then Hung chipped crockery or stained tablecloths. Jg|i|r Kang Teochew Restaurant is You won t find them here. True run by fussy people. Who Teochew hospitality. Any Teochew place as much emphasis on
      187 words
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      Page 13 Advertisements Column 2
      346 13 #> I Group I Singmorine Industries limited 1 (Incorporated in the RepuWc of Singapore) I The Directors of Singmarine Industries Limited advise the following unaudited I results of the Company and the Group for the six months ended 30 June 1991: I COMPANY GROUP I 1991 1990 1991 1990 SS'OOO
      346 words
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      224 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE For the month of August, the master chefs at Tien Court have prepared six splendid set menus that feature Shark's Fin as the centrepiece. Prices range from SS 188.00 for the Double Boiled Shark's
      224 words
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      Page 14 Advertisements Column 2
      292 14 flflWl ouKneejf Back to basics with a new menu at Nutmegs. Select from a range of the finest seafoods or superior cuts of prime quality meat prepared just the way you like with a choice of accompaniments. Of course the lobsters still take centrestage at $33". Plu> server ihirjer A
      292 words
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      Page 14 Advertisements Column 3
      234 14 my lolfc Sing in the Subway! Happy hours at Subway are now singing hours. So ride on down to Subway for Happy I lours when all drinks are going for a song. Plaza Hotel Happy Hours: q/dmMy Hr«* 11/IW %1 2MHIM I N/ Catch the Cuatro Calientes at the Bugis
      234 words
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      Page 14 Advertisements Column 4
      282 14 m j^Bii W& You'll enjoy our delicious selection of authentic Beijing Dlan Xin served amidst the splendour of an Imperial ■r Court. May we expect you today? r From noon to 2.30 pm. fKCTT I Ala carte menu available. Jfluj jPPnH ///mda*n r Jmgap*/ 333 Orchard Road Singapore 0923 TH
      282 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      744 14 TELEVISION AND RADIO 11 C SBCI2 iS ISST-The Usua, sus- %ml£XS?£; j BUSINESS ON RADIO l fill Ot The CIVIC 7.00 AM CNN International IL). 9.00 Nawn at Mm. 11l Debu-Debu «'f ."/EXt. V-/vlll v/l mv TIV 8.00 Close. 9.30 Points of Viow (See Our Kota 111 (Ft l). 7.10
      744 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Celebrities with one too many causes
      828 15  -  Stars today need a right-on campaign to promote. But do the ladies protest too much? Eric Stratton reports. Eric Stratton Punch IT IS a great tribute to our new age values that the women entertainers of today devote as much time to saving the
      Punch  -  828 words
    • Article, Illustration
      And now, the women who care too much
      716 15 Linda Evans WAS heartbroken after failing to save the life of her friend and hairstylist Armando Casio with "healing crystals". Her personal psychic, Ramtha. claims to be the reincarnation of a prehistoric warrior from the lost city of Atlantis. The "gruff-voiced barbarian"
      716 words
    • Article
      Pee- Wee Playhouse star denies exposing himself
      556 15 CHATTERBOX ACTOR-COMEDIAN Paul Reubens, star of the television children's show PeeWee's Playhouse, on Monday denied police charges that he exposed himself in an adult movie theatre. CBS-TV, however, said on Monday that it would drop five remaining Pee-wee's Playhouse reruns from its Saturday
      556 words
    • Article
      Lock icon Don't let babies sleep on their stomachs
      511 15  -  Reg Gratton takes a look at the latest findings on Sudden Infant Death Syndrome Reg Gratton Reuter Medical experts meeting in Australia offer simple advice to prevent thousands of babies dying suddenly and inexplicably in their beds every year don't let infants sleep
      Reuter  -  511 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      276 15 AND ENTERTAIN There's No Beefing About It. From 1 July to 31 July 1991 Our U S prime rib of beef is as good as ever. An excellent dinner choice carved right at your table and served with braised onions, baked idaho potatoes and a crisp caesar salad. A prime
      276 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Share prices slacken as investors still cautious
      5002 16  -  Bv Genevieve Cua SHAKE prices continued to weaken as investor sentiment remained cautious. Even Wall Street's 13-point gain overnight and a sharp 429-point rise in the Nikkei index yesterday tailed to perk up market sentiment. Brokers said that the general conservatism also reined
      5,002 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    3756 17 Main Board Prima 575 H5 2.7% SIA 1360 +10 +0.7% Spore Bus 500 635 +5 +0.8% Spore Land 595 ->-5 +0.8% UOB Wt 350 +4 1.2% S Finance 164 4 +2.5% lnno-Pacific 106 +4 +3.9% LAM Wt 49 +2Vi +5.4% Wearnes 410 +2 +0.5% Tibs
    3,756 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      269 18 Company Date Year Croup Net Net earnings C ro ann to profit/loss (L) per share dividend (000) (cents) Summa In* Jul 29 Mar 91 $3 435($3 202Lt 23(-) GoidenHope MIS Mar 91 MS3* 619($59.793) 4/(7 1) 6(9) Asia Pac Land M 16 Jan 91 MS12 300v$6.501L) 2 3(->
      269 words
    • Article
      PRELIMINARY RESULTS
      264 18 Company Date Year Croup pre-tax Net earnings Cross Mn to profit/loss (L) per share dreWeod (000) (cents) Rated Hussaui M 24 Ma, 91 MJ68 223(J30.105) 249< 194a) 5(45a) Harauntiiv Corpn Jul 19 Mar 91 M$21 01KJ15.410) 11(10) 15(1) Petal® Bbd Jul 19 Mar 91 MJ22.583(J14 247) 6 8(4
      264 words
    • Article
      INTERIM RESULTS
      302 18 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend C000) Steamers Jul 30 Jun 91 $5,323(15.683) G Lumber )ul 29 Jun 91 M$25 284(121.163) 5(-) Semb Maritime Jul 29 Jun 91 $7,146($11,267) (5) SNP Jul 27 Jun 91 SI 478(J2 471) -<-) Public Bank Jul 26
      302 words
    • Article
      CORPORATE DEVELOPMENTS
      940 18 Jul 29 Under the new Stock Exchange of Singapore guidelines, companies planning a public share offering can now opt to stay with the present regime or a combination of the current fixed price system and a Dutch-style tender system Hume Industries (M) proposed to acquire a 45% stake
      940 words
    • Article
      DIVIDENDS ANNOUNCED
      655 18 Current Ex Books Date Total for Total for payment date dose payable the year last year AMFP NYA(e) Jun 19 Jul 4 Aug 15 N*A 2 8( A lei Hdgs 50c 6%<b) Sep 4 Sep 16 Sep 30 6% 6% Amcoi 25c 10% Jul 5 M 17 Jul
      655 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      1004 18 Prices as at 30.07.91 Conversion terms Premium/[ Expiry r H 1 1 (discount) I Amount Optional** i using issued Company (mil Wrts Share Loan Con* Exer Lnstk Cask Cask Loan Gearing Date Mtks unite) stock I ratio price nom Stk Lelt value i S < <
      1,004 words
    • Article
      RESULTS DUE
      460 18 Mam Board La* Y Company Penod D»te ft* Net EPS Gross Net mnounctd endhg (cents) 4* P ro t last ye* (SW) Cwrtot Interim Apr 27 Jul 91 126 200TE(a) 38.911 Sport Land Interim May 4 Dec 91 12 6 100 14 641(g) Kxan Shp Interim Jul 27
      460 words
    • Article
      APPROVED ISSUES
      317 18 Company Rights Issue Mean One tor two <a MSI 90 per share Issue ot 40m Cumulative Redeemable Preference Shares (CRPS) ot MIO 10 each at M$1 per share with 10m detachable TSR on the basis of 1 CRPS with 1 TSR tor every 4 CRPS b-date Jun 7
      317 words
    • Article
      PROPOSED ISSUES
      491 18 Company Rights Issue tai Pac L*id Orw-tor two (a. MSO 6b per share Afcancc Tedi Qnfrforone SI 00 per share Bolton issue of $90 978m nominal amount of 3 SI Redeemable Unsecured Guaranteed Bonds 1991/% with 45 489m detachable warrants oft the Oasis of $2 nominal amount of
      491 words
    • Article
      BONDS, LOANS & WARRANTS
      843 18 BONDS, LOANS WARRANTS Company Cwwniii period C—riw tw *w —o f<M—ry tkan Burn* Wt Before 30/6/94 1 warrant phis HK$1 00 cash CU Wt Before 26/4/93 1 warrant phis $3 09 cash Causeway Loan Causeway Wt 2/10/89 to 20/10/94 1 warrant plus $0 77 cash or 1 warrant plus JO
      843 words
    • Article
      COMPANY MEETINGS
      376 18 Hong Fofc Corpn Ltd: EGM at 360 Orchard Road. #07-08 International Building, Singapore 0923 on Wednesday, July 31, at 11am. IMC Holdings Ltd: AGM at the Victoriana Room, Hotel Furama Kempmski Hongkong, 1 Connaught Road Central. Hongkong on Wednesday, July 31, at 3pm General Corpn Bhd: 22nd AGM
      376 words
    • Article
      RECORD HIGHS & LOWS
      212 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 tifh: *****8 (3/6/91) 1»1 1565 58 (3/6/91) 1991 low: 1022 52 (16/1/91) 1991 low: *****8 (16/1/91) 1990 h«h: 1435 43 (16/7/90) 1990 hifh: 1607 12 (27/3/90) 1990 low. 981 07 09/11/90) 19» low: 1079 50 (11/10/90) 1989 l*h: *****0 (28/12/89)
      212 words
  • Page 18 Advertisements
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Rally in Tokyo bourse fails to lift prices
      879 19 Bernama SHARE PRICES ended broadly lower yesterday on continued liquidation as more sellers emerged despite a steadier close in Tokyo. The KLSE Composite Index eased 5.05 points to 602.06 while the Industrial Index fell 2.64 to 1.136.03. Losers outnumbered gainers 162 to
      Bernama  -  879 words
    • Article
      Untitled
      3406 19 1991 Vol Day Net Cap High Low Com pan > Sale "000 High IjOW P/E $mil INDUSTRIALS 245 165 MSB 50* 213 unch 22 214 213 52.0 218.5 560 310 ASM 50* 480 -16 73 494 480 42.9 1971.1 600 280 Acidchem 535 -5 36 540 530 230.0 685 192
      3,406 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      379 19 BUSINESS TIMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN thai, I, Lee Bolk Lcng of No. 217 Marsiling Crescent #11-91, Singapore 2573, have applied for a Reuil Beer Shop licence in respect of premises at M/s Poh Joo Store at Blk 335 Woodlands
      379 words
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      Page 19 Advertisements Column 2
      337 19 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, I, Kun Choy Chan of No 16 Hamilton Road, Singapore 0820, have applied for a Retail Beer Shop licence in respect of premises at M/s Eastern Trading at 16 Hamilton Road, Singapore 0820, and that this application will be heard in Court
      337 words
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      Page 19 Advertisements Column 3
      103 19 IN THE MATTER OF THE COMPANIES ACT. (CHAPTER 50) AND IN THE MATTER OF TENQ HIN ENTERPRISES PRIVATE LIMITED (Incorporated In the Republic of Singapore) (In Liquidation) Members' Voluntary Winding Up Notice is hereby given pursuant to Section 308 (2) of the Companies Act. Cap 50 that the final meeting
      103 words
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      Page 19 Advertisements Column 4
      314 19 IN THE MATTER OF THE COMPANIES ACT CAP 50. AND IN THE MATTER OF FUHO INDUSTRY PTE LTD (IN VOLUNTARY LIQUIDATION) MEMBERS VOLUNTARY WINDING UP At an Extraordinary General Meeting of the abovenamed company duly convened and held at 193 Übi Avenue 4 Evan Lim Warehouse Singapore 1440 on the
      314 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices rally on release of paybacks list
      2236 20 Reuter TOKYO STOCKS closcd sharply higher in moderate trade yesterday. The release on Monday of a long-awaited list of entities compensated by the Big Four brokers removed a major uncertainty from the market and led some investors to believe the worst of the
      Reuter  -  2,236 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Hang Seng index dips below 4,000 mark
      2040 20 AFP SHARE PRICES were generally lower on the loeal stoek market on Tuesday on profit-taking, with the Hang Seng Index dipping below the psychological 4,(KX) points. The key barometer lost 24.76 points or 0.6 per cent to close at 3,991.83 after setting several
      AFP  -  2,040 words
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      Page 20 Advertisements Column 1
      30 20 j~Prices for Tokyo are provided by lelerate Prices for Hongkong are provided by lelerate Find out how sellers reach out to buyers in Advertising and Marketing. Every Thursday in BT.
      30 words
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  • REGIONAL STOCK MARKETS
    • Seoul's trading volume hits year's high
      • Article
        Untitled
        758 21 Jakarta jii|y 30 Kupiah VoK*00) Abda 2500 Ahap Insurance 4250 150 120 Alumindo Perkasa U 4200 200 390 Aqua Golden Missisip 9600 Argo Pantes 6900 500 835 Aster Jawa 600 50 20 Astra Graphia ***** Astra Int'l Inc ***** 50 1155 Asuransi Bintang 7650 Asuransi Dayin Mitra 7000 Asuransi Jiwa
        758 words
      • Article
        SEOUL
        767 21 SEOUL stocks soared on record high trade volume yesterday with the index hitting a 1991 high. "Seoul stocks have soared for tour days in a row due to a buying spree by individual investors," Daishin Securities broker D.I. Kim said. •"Considering the speed of increasing customer deposits, the upward
        767 words
      • Article
        AUSTRALIA
        950 21 HOPES THAT inflation will fall to 3.0 per cent by the year's end boosted Australian share prices yesterday, again sending the leading index to an 11month high. The market had ignored better-than-expected June current account figures and a 9.8 per cent fall in building approvals. But brokers said comments
        950 words
      • Article
        Untitled
        90 21 INDICES TURNOVER Close Jul> 30 Previous AUSTRALIA All Ordinaries Index All Industrial* Index Ml Resources Index Turnover (million) 1.574.2 2.397.1 941.0 96.7 1.567.5 2.387,2 936.8 90 4 -f 6.7 9 9 4.2 6.3 BANGKOK SET Index Turnover (million baht) ***** 5.02 742 41 5.15 1 54 -0 13 JAKARTA Composite
        90 words
      • Article
        BANGKOK
        826 21 GAINS of blue chips in the Thai construction sector yesterday helped push the index higher while other stocks corrected following a sharp rise last week, brokers said. The SET index ended 1.54 points higher at 743.95 on a nigh turnover of 5.02 billion baht. Siam Cement jumped 32 baht
        826 words
      • Article
        Untitled
        368 21 MORGAN STANLEY CAPITAL INTERNATIONAL INDICES Jul> 29 Index In local currency day year chang? change In SS S day S year change change In US$ day year change change World 406 2 0.1 134 -0.4 9.0 -0.3 -0.5 8.3 4.3 tEAFE Europe 526.2 -0.2 119 -0.6 4.9 433.1 0 1
        368 words
      • Article
        MANILA
        488 21 PHILIPPINE shares rallied from start yesterday to finish in a market roused from weeks of slack by telephone blue chip PLDT's sharp overnight gain in New York. But brokers said local fundamental developments appeared negative and put in doubt the market's ability to sustain the rise. The Manila Stock
        488 words
      • Article
        TAIPEI
        550 21 SHARE prices in Taiwan yesterday fin ished slightly higher after a day of unstable trade as the market.met a technical correction after previous gains, dealers said. There was room for more gains later this week, they added. The weighted index closed 42.24 points higher at 5,227.83 compared with Monday's
        550 words
  • Page 21 Advertisements
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  • London market leaps to an all-time high
    • Article, Illustration
      LONDON
      1097 22 SHARE VALUES, driving on from Friday's record closing high, soared to new peaks on Monday amid signs that the bull market has made its longawaited return. "We are clearly in a bull market and we reckon the FrSE index may reach 2,850 points by the year-end," said Michael Howell,
      1,097 words
    • Article, Illustration
      NEW YORK
      1107 22 WITH A slight gain late in the day on Monday, stock prices recovered some of last week's losses. But analysts said the market remained stalled by concerns that the pace of the nation's economic recovery might be slow. The Dow Jones Industrial Average, which fell more than 40
      1,107 words
    • Article
      Untitled
      130 22 INDICES TURNOVER July 29 Close Previous NEW YORK Dow Jones NYSF. Financial SAP 500 Turnover (million) 2,985.24 2,972 50 +12.74 152 54 151.23 +1.31 383.15 380.93 2.22 135.2 127.8 +7.4 LONDON Financial Times 30 FTSE 100 Turnover (million) 2.011.3 2,003.5 2.5950 2.589 3 495.3 455 7.8 5.7 40 3 FRANKFURT
      130 words
    • Article
      AMSTERDAM
      280 22 WITH investors either on summer holidays or waiting for the corporate results season to get started, Dutch shares finished a lethargic Monday session barely changed, dealers said. "The market is in a holiday mood. It's waiting for corporate results to chart direction," one said. Marginal opening gains on a
      280 words
    • Article
      FRANKFURT
      231 22 CAUTIOUS defence of a psychologically important level helped German shares reverse an early 0.9 per cent loss and led the market to a steady close on Monday. The 30-share DAX index ended at 1,605.57, just ofT the day's high, and only 0.07 of a point below Friday's close. Buyers
      231 words
    • Article
      PARIS
      192 22 FRENCH shares fell in early trade on Monday, weakened by a drop in French bond prices and by the waning of speculation that French interest rates can ease, traders said. The CAC-40 Index fell 9.76 points to 1,757.90 on trade of 500 million francs. Traders said activity was concentrated
      192 words
    • Article
      MILAN
      169 22 ITALIAN shares closed lower on Monday after drifting down in thin summer trading, with the bulk of dealings confined to a small handful of blue chips. Dealers said that although some foreign interest was seen on some stocks, the overall trend was negative, with Fiat, CIR, Pirelli, Montedison and
      169 words
    • Article
      ZURICH
      265 22 SWISS share prices ended barely steady in thin volume on Monday with trading restricted by the summer lull. "There was nothing going on," brokers said, adding many investors were on holiday. "A lack of direction kept traders on the sidelines." CS Holding was a firm feature. Its bearer shares
      265 words
    • Article
      BRUSSELS
      153 22 BELGIAN shares ended lower on Monday for the 10th consecutive session on interest rate fears, budget uncertainty and a lack of investor interest. Turnover remained very low with only 339 million francs worth of Belgian shares traded. One dealer said he thought the low volume was caused partly by
      153 words
    • Article
      JOHANNESBURG
      397 22 THE JOHANNESBURG stock market resumed Last Friday's rally on Monday, recovering sharply from last week's lows with massive help from the effect of a very sharp decline in the financial rand in thin conditions, dealers said. Dealers ascribed the slide to nervousness ahead of yesterday's response by President F.W.
      397 words
    • Article
      TORONTO
      273 22 TORONTO stocks ended a no-news session mixed in listless trade on Monday, dealers said. The market traded within an eight-point range as traders wait to evaluate further economic figures due later this week and corporate results yet to be released, they added. Last week's bearish US economic figures negated
      273 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
      Dollar ends softer against mark in dull Tokyo trade
      1181 23 reports THE DOLLAR closed softer against the mark but barely changed against the yen in extremely slow Tokyo trade yesterday, dealers said. "To be honest, we can't really get our hands on the market due to a shortage of incentives," said
      1,181 words
    • Article
      Lock icon Stalling US economy seen spurring new debt sale
      362 23 Reuter NEW YORK Growing perceptions that the US economy seems to be just sputtering its way out of recession should encourage heavy new debt issuance in coming sessions, traders and analysts say. A raft of weaker-than-ex-pected economic data last week sent long
      Reuter  -  362 words
    • Article
      Lock icon Dollar likely to firm against yen
      279 23 Reuter NEW YORK The dollar is expected to firm against the yen this week as the prospect of a Bank of Japan rate cut, engineered to prevent a financial market meltdown in the wake of brokerage house scandals, looms ever larger. "You have to
      Reuter  -  279 words
    • Article
      FINANCIAL FUTURES
      1230 23 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vrt Sep 91 93 84 93.84 93.82 93.83 5500 ***** 2553 Dec 91 93.36 93.36 93.33 93.34 5700 ***** 7871 Mar 92 93.30 93.30 93 28 93.30 2000 ***** 2246 Jun 92 92.87 92.87 92.84 92 86 900 2326
      1,230 words
    • Article
      INTERBANK FOREX RATES
      382 23 Crass rates j»'> w I J USS S$ MS Dm Yen SFr AS N/S USS 1.7475 2.7860 1.7435 137.90 0.5933 1.5230 1.2862 I 7528 SS 0.5722 1 5943 0.9977 0.7891 0.3395 0.8715 0.7360 1.0031 MS 0.3589 62.72 0.6258 0 4950 0.2130 0.5467 0.4617 0.6292 Dm 0.5736 1.0023
      382 words
    • Article
      MONEY MARKET
      532 23 Interbank rates si Bid Offer Overnight 4 7/8 5 1-month 5 9/16 5 11/16 2-month 5 9/16 5 11/16 3-month 5 5/8 5 11/16 Overnight mode: 5 US$ Bid < MTer 7days 5 13/16 5 15/16 1 month 5 7/8 6 2 months 6 6 1/16 3 months
      532 words
  • Page 23 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Half of world's silver stocks of poor quality: official
      369 24 Reuter COEUR D'ALENE, Idaho About half of current world silver stocks are unsuitable for key industries because of poor quality, a Mexican government official said on Monday. In an interview with Reuters, Alfredo Elias, Un-der-Secretary of Mines and Basic Industry in
      Reuter  -  369 words
    • Article
      Lock icon Opec gets ready for return of Kuwaiti, Iraqi oil
      323 24 Reuter LONDON A year after Iraq's invasion of Kuwait, Opec is getting ready for the return of Kuwaiti, and possibly Iraqi oil and industry analysts expect the initial adjustment process to be fairly painless. But jockeying within the Organisation of Petroleum
      Reuter  -  323 words
    • Article
      KL tin ends three sen down on high offerings
      818 24 REPORTS THE PRICE of tin eased three sen to close at M$ 15.46 per kg on the Kuala Lumpur Tin Market yesterday on high offerings. Dealers said the market was easier and buyers only came in at lower levels following the
      818 words
  • Article
    PRICES
    1413 24 Rubber juiyjo HAS (MJn bate*) S cents/kg Noon Close Int I RSS Prompt 140.75/141 75N 140.50/141 SON Int I RSS Aug 91 141.75/142.25 141.50/142.00 Int 1 RSS Sep 143.75/144 25 1 43.50/144.00 Int 2 RSS OP I4I.50/143.50N 141.00/143.00N Int 3 RSS OP 139.50/141.50N *****/141 OON Int 4 RSS OP
    1,413 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      994 24 BUSINESS TIMES TELEPHONE; 730-5771/5772/5773 RAX: 734-4982 NOTICE To the holders of the US$lOO,OOO,OOO Floating Rate Notes Due 2001 of: NATIONAL BANK OF HUNGARY (Magyar Nemzeti Bank) SZABADSAG TER 8-9, BUDAPEST V, H-1850, HUNGARY We hereby certify that the rate of interest payable on the above mentioned Floating Rate Notes for
      994 words
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      Page 24 Advertisements Column 2
      6 24 Chart point in BT every Saturday
      6 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    993 25 City Flight ETA Flight ETD Abu Dhabi GA895 1235 GA974 0001 GA886 0010 Adelaide QF81 2000 QF82 2200 SQ227 2245 Amsterdam GA895 1235 SQ24 2200 KL837 1255 KL838 2240 Athens 0A471 0020 0A472 2240 SQ35 1710 Auckland NZ21 1820 NZ22 1930 SQ388 2030 Bandar Sari SQ181
    993 words
  • THE TRAVEL PAGE
    • Article, Illustration
      A house of American experiences
      823 25  -  LETTER FROM BATH By Craig R Whitney GOING to England to see an American museum may seem like a strange idea. But the American Museum in Britain at Claverton Manor, an 1820 English mansion in the glorious hilly countryside two miles outside Bath, offers an
      823 words
    • Article
      MONEY CHANGER RATES
      154 25 As at 3pm yesterday: I>ocal dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.352 1.365 Canadian dollar 1.504 1.528 NZ dollar 0.986 1.0033 Sterling pound 2.936 2.974 US dollar 1.7450 1.7480 Ixxal dollars to 100 units of foreign currency Austnan schilling 14.1 14.39
      154 words
    • Article
      WORLD TRADE EXHIBITIONS
      134 25 Duration Title Venue Organ iser Tel Aug 6-9 IV Jewellery Buenos Aires. Rossi Heinlein *****1-9413 International Argentina Asociados SA Exhibition Aug 18-20 International Germany Mode Woche- *****1990 Fashion Fair Munchen GmbH Aug 20-31 Izmir Turkey Izmir Fair *****150 International Organisation Fair Aug 21 Building Hilton Inter- The
      134 words
  • Page 25 Advertisements
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      Page 25 Advertisements Column 1
      40 25 When it comes to flying to Munich, no other airline comes Klaus to Finnair. Because Finnair flies twice-weekly from Singapore direct to Helsinki then onto over 30 European destinations. Call *****77 for details. We know Europe from start to PinnUh.
      40 words
    • Advertisement
      Page 25 Advertisements Column 2
      94 25 It could be a controversial deal between two stock 1/ market stars, a thought-provoking report by "Xjl university researchers on the latest trans-European FOCUS zooms in on the news and issues of the day and looks at them in more depth and breadth. FOCUS is the news feature section of
      94 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      288 25 Military briefing _JlE_— getting some French Lm ries coal (7) "j 12 Stagger back to look at the fIH 13 The driving force of Doc- 1? I I I I I I I j j 17 Nation which Lawrence 1 I I I I j j j I created by
      288 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      215 25 Singapore Outlook: Showers over a few areas in the afternoon. Report: Maximum temperature 32.6* C Assoc humidity 63% Minimum temperature 27.0° C j. Assoc humidity 88% Hours of sunshine 7.60 Rainfall in mm Trace Rainfall this month 37.3 Rainy days this month 8 World forecast Asia-Pacific Hi/l>o* C'ond. Auckland 15/08
      215 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      38 25 FTSTWJSTSWWSWI IFSLSO oje. QOHT VCMOUJ wnetfeX HCJS TO ujpoc TV*RCUGH UOR<iNG TV> OUGHT N/QUR.) V c^TCh OS QUT Vf ff=l P 8-H# itfl. He: «s—But u^dom'T^) KpOU) Ho CO LQNG I C CVENiNC STANOAftO CO. LTD., ItM-IWI 8479
      38 words
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  • Article, Illustration
    Lock icon UK court allows time for BCCI restructuring plan
    517 26 Reuter LONDON Britain's High Court has granted a fourmonth adjournment in efforts to liquidate the scandalhit Bank of Credit and Commerce International (BCCI), giving time to work out a possible restructuring plan. Judge Sir Nicolas BrowneWilkinson told the court yesterday that the
    Reuter  -  517 words
  • Article
    Amount of CPF taken out for investment up 23pc
    219 26 A TOTAL of $1.63 billion was withdrawn as at endJune for investment in trustee stocks, unit trusts, convertible loan stocks and gold 23.4 per cent higher than a year ago. The number of CPF members who took out money under this
    219 words
  • Article, Illustration
    NZ all out to get more investments
    443 26  -  From 1 Alvin Tay and Schutz Lee in WELLINGTON NEW ZEALAND is studying ways of encouraging direct foreign investments, while a major review of the country 's tariff regime after 1992 is underway. Finance Minister Ruth Richardson said last night. In what she
    443 words
  • Article
    Lock icon Thailand and Vietnam discuss LPG venture
    235 26 AFP BANGKOK Thailand and Vietnam arc discussing joint exploration of offshore natural gas deposits and construction of a liquefied petroleum gas (L.PG) plant, a Thai official said here yesterday. He said the state-run Petroleum Authority of Thailand (PTT) has sent officials of its affiliate
    AFP  -  235 words
  • Article
    Lock icon Japan's leading index points to wider expansion
    270 26 AFP Reuter TOKYO Japan's index of leading economic indicators rose to 30.0 on a scale of 100 in May. an Economic Planning Agency (EPA) official said yesterday. The index, which predicts the probable lev el of economic expansion in the coming six months,
    AFP; Reuter  -  270 words
  • Article
    Lock icon Aussie revamp of corporate law begins
    216 26 Reuter SYDNEY' Australia, its reputation tarnished by corporate collapses and shady business deals, is getting tough on insider trading and company financial reporting. Reforms announced last week are the first step in a major revamp of the country's corporate rules, government advisers say. Maximum
    Reuter  -  216 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      75 26 Ti i—II The Richness Of Leather Handmade To Perfection. ararms CHALLENGE Singapore Indoor Stadium September 27 28,1991 CHANG EDBERG LENDL SAMPRAS Group Bookings I Souvenir Program Advertising I Hospitality Packages Various Sponsorship Packages I Corporate Packages include: reserved courtside seating reserved car parking free copies of souvenir program free souvenir
      75 words
    • Advertisement
      Page 26 Advertisements Column 2
      69 26 rs/iczuF^^sdi —ii m.irlr r The Richness Of Leather Handmade To Perfection. THE MYSTERY OF THE COUPLE WHO COULDN'T STOP EATING CURRY TIFFIN WILL BE UNCOVERED ON 16 SEPTEMBER 1991. RAFFLES HOTEL REOPENS 16 SEPTEMBER 1991. ■AFri.ES MOTEL RFOMNS WITH l<M SI ITE* BAR *.\'D BILLI ARD ROOM BAFFLES (.BILL. TIFFIN
      69 words
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  • SHIPPING TIMES
    • Article, Illustration
      Long queue for luxury cars despite costly COE
      548 27  -  By Selva Kumar UNDAUNTED by increases in vehicle quota premiums affluent car buyers in Singapore are still queueing up for luxury cars. About 650 customers are now waiting for Mercedes Benz cars although the price of the Certificate of Entitlement (COE) for
      548 words
    • Article
      Lock icon TNT forecasts A$62m loss
      347 27 Reuter SYDNEY International transport group TNT Ltd said it expects to report a net operating loss of about As 62 million (5580.6 million) for the 1990/91 financial year ended June 30. For the 1989/90 year TNT reported an operating profit before abnormals and equity accounting of
      Reuter  -  347 words
    • Article
      INDEX TO ADVERTISERS
      1203 27 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Aeropak Express 9 5 AFS 15 2 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Anglo Orient 16 1/2 ANL 3 1/2 i •APL 5 3 A. P C. Lines 13 5 A cWarehousing 15 4 Asian Break-Bulk
      1,203 words
    • Article
      Lock icon EC car plan set to benefit Japan's bigger makers
      603 27 Reuter TOKYO Japan's biggest car manufacturers are likely to benefit from a European Community proposal not to limit sales of cars they produce locally in the unified European market. But Mazda Motor Corp and smaller makers could find themselves squeezed out,
      Reuter  -  603 words
    • Article
      Lock icon Australia, Taiwan to have direct air links from Sep
      146 27 Reuter TAIPEI Taiwan and Australia will have direct air links from mid-September, a senior Foreign Ministry official said on Monday. Lin Shui-chi, director of the ministry's Department of East Asian Affairs, told state radio that Australia Asia Airlines, a subsidiary of
      Reuter  -  146 words
    • Article
      Lock icon Taiwan buys US anti-submarine helicopters
      317 27 AP TAIPEI Taiwan has bought 10 more Sikorsky S--70C anti-submarine helicopters from the United States, and three of them arrived on Monday, Taiwan's military chief reported. Gen Chen Hsing-ling, chief of the general staff, told reporters the helicopters will help patrol Taiwan's ryThe China Times,
      AP  -  317 words
    • NEWS SUMMARY
      • Article
        Kuantan: emerging east coast port
        40 27 DESPITE having been in full operation for over seven years, Kuantan Port has yet to achieve its objective of becoming the catalyst of industrial growth for the east coast states of Peninsular Malavsia. Page 2
        40 words
      • Article
        Creditors off Pan Am balk at Delta deal
        46 27 THE orderly liquidation of Pan American World Airways ran into unforeseen problems on Monday when some of its biggest creditors balked at management's plan to sell some prized assets to Delta Air Lines for US$3lO million Back Page
        46 words
      • Article
        Boeing's quarterly earnings up 17pc
        37 27 BOEING CO on Monday reported second-quarter earnings that were 17 per cent higher due to a rise in commercial aircraft sales and reduced losses in its defence and space business Back Page
        37 words
      • Article
        Paris Metro to do away with first class cars
        39 27 PASSENGERS who used to travel first class on the Paris Metro will have to rub elbows with the rest of humanity starting tomorrow, according to Parisian transport authorities Back Page
        39 words
      • Article
        Submarine to try to stop oil leak
        39 27 A Canadian submarine will attempt to stem the leak from a Japanese ship which has covered beaches and killed wildlife in northwestern Washington, the Canadian Coast guard said on Monday Back Page
        39 words
    • Article
      Lock icon Garuda puts off flights to China
      125 27 Reuter JAKARTA The Indonesian state airline Garuda has put off flights to Beijing due to start next month, the company's president director, Muhamad Suparno, said. He was quoted by the official news agency Antara yesterday as saying the delay was due to a shortage
      Reuter  -  125 words
    • LOG BOOK
      • Article
        Marina Bay to close for diving show, water sports
        149 28 HIE Republic of Singapore Navy will be conducting rehearsals for a diving show to be held in Marina Bay. The first rehearsal will take place on Aug 2 from 1400 to 1500 hours, the second on Aug 5 from 1400 to
        149 words
      • Article
        Mitsubishi develops new engine
        87 28 TOKYO Mitsubishi Motor Corp said yesterday that it had developed an internal combustion petrol engine for small compact cars which would boost fuel economy by 20 per cent compared with conventional engines. Using new technology, company officials said they had increased the air to petrol content
        87 words
      • Article
        Panama's free trade zone opens
        72 28 PANAMA CITY The Colon Free Zone in Panama, the world's second largest duty-free trade zone, opened on Monday after an 11-day strike that cost about US$24O million, an official said. The strike ended early Monday morning after representatives of the zone's estimated 3,000 companies agreed
        72 words
      • Article
        US railroad group files suit
        75 28 WASHINGTON The Association of American Railroads said a group of the largest US railroads filed a suit on Monday to uphold the constitutionality of legislation creating a Special Board to mediate labour disputes. The railroads' suit in the US District Court for the District of
        75 words
      • Article
        Jet Express in USAir network
        85 28 ARLINGTON, Virginia USAir Group Inc said on Monday that Jet Express will become part of its regional air network. USAir said beginning Aug 15 Jet Express will provide three daily USAir Express round-trip flights between Clarksburg/Fairmont, Morgantown and Washington's National Airport. Other cities will be
        85 words
      • Article
        Manila plans to buy Hawk jets
        61 28 MANILA The Philippines is planning to buy 12 Hawk jets from the British Aerospace Corp to upgrade its air defence capabilities, the air force announced yesterday. Air force spokesmen said officials were looking into the possibility of paying for the jets with Philippine goods
        61 words
    • Article
      DAILY FREIGHTS
      1037 28 A W EAKER tone prevailed on Monday in a quiet start to the week, brokers said. The Baltic Freight Index fell 11 points to 1,485 with the US Gulf/Japan route easing to U5523.90 from U5524.12 on Friday. The Capesize market should firm from late August as operators appear
      1,037 words
    • Article, Illustration
      Lock icon Kuantan: emerging east coast port
      1175 28  -  Although Kuantan Port has achieved satisfactory results since becoming fully operational in 1984. it has yet to attain the goal of becoming the catalyst of industrial growth for the east coast states of Peninsular Malaysia. Abdul Wahab Mohd Ali examines the reasons Abdul Wahab Mohd
      Bernama  -  1,175 words
    • Article
      WEEKLY FREIGHTS
      689 28 LACK of enquiry prompted a further softening of the freight market over the past week, but some brokers said they expected conditions to firm soon as reports emerged of higher trans-Pacific grain fixtures for August loading. The Baltic Freight Index lost another 30 points on the Baltic International
      689 words
    • Article
      THE SHIPPING GUIDE
      12062 36 I eg ■*'g 19 rN if ,am lA«i M<n V ■fipor n Of .all* m fnr IkrtanQ aftfi Vnganv-r n cuAi m Pa»«f < •\Mlang 'xn^apwr t common ia AartM Regina Maersk. Maersk Line. July 31/Aug I. Kasuga I, Triot. Aug I. Ever Genius. Evergreen, Aug I.
      12,062 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        597 43 VtSMi toy No Berth Arm* Departs inui Yoy No Berth Amvi Departve Marina Terminal 1 1 Trade Grace 910 S01 30 07/2000 Batam Maiu 0718SA M04 atof*side 30 07/2300 Axionestin E9105 S03 29 08/0700 30 07/2100 Bo Kya* 2 02/91 M04 atongs.de 30 07/2359 Fortune Beta JF012W
        597 words
      • Article
        CONTAINER SCHEDULE
        869 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booknf/Batance Raits SNp Voy No Etb/Btr Period From To From Ad Goncharov 41MF91 31/1700 1 30/1500 30/1659 30/1900 Nkad 911 01/2359 1 30/1500 30/1659 30/1900 3 31/0700 31/1159 31/1400 4 31/1200 31/1459 31/1700 Glory ***** 31/2000 1 30/1500 30/1659
        869 words
    • Article
      Lock icon Creditors balk at Delta deal, United Airlines withdraws bid
      812 44 Sale of Pan Am assets NYT NEW YORK I he orderly liquidation of Pan American World Airways ran into unforeseen problems on Monday when some of its biggest creditors balked at management's plan to sell some prized assets to Delta Air
      NYT  -  812 words
    • Article, Illustration
      Lock icon Submarine to try to stop oil leak from Japanese ship
      228 44 AFP NEAH BAY, Washington A Canadian submarine will attempt to stem the leak from a Japanese ship which has covered beaches and killed wildlife in northwestern Washington, the Canadian Coast guard said on Monday. Nearly 100,000 gallons of bunker oil
      AFP  -  228 words
    • Article
      Lock icon Boeing's quarterly earnings up 17pc
      174 44 Reuter SEATTLE Boeing Co, the world's largest commercial 1 aircraft manufacturer, on 1 Monday reported second- quarter earnings that were 17 per cent higher due to a rise in commercial aircraft sales and reduced losses in its defence and space business. The Seattle-based company said
      Reuter  -  174 words
    • Article
      Lock icon Paris Metro to do away with first class cars
      369 44 UPI PARIS Passengers who used to travel first class on the Paris Metro will have to rub elbows with the rest of humanity starting tomorrow, according to Parisian transport authorities. After 90 years of existence, the first class cars are going
      UPI  -  369 words
  • Page 27 Advertisements
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      Page 27 Advertisements Column 1
      30 27 Lines and services represented by Members of the Registry of Accredited Shippingf*#ssmi\ Agents, Singapore National Shipping Asso4ilKoij ciation. A-(»r advertising enquiries, t on/ut I Shipping Times f'el 740 :<m/74n WO
      30 words
    • Advertisement
      Page 27 Advertisements Column 2
      53 27 SINGAPORE'S NEW FORCE IN VESSEL MAINTENANCE UNDERWATER SHIPCARE PTE. LTD. Jff?spVa COMPREHENSIVE SERVICE WI[H PROVEN EXPERTISE .Tel: *****11 The Specialists in f.-) A 471 1 underwater shipcare •T PS 352v2 UA'SC WILSON CO. A.B. SERVICE TO FROM SCANDINAVIA HELSINKI PHONE NOW... MAC -NELS: SINGAPORE TEL: *****22 ext 33/21 PORT KELANG:
      53 words
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      Page 27 Advertisements Column 3
      30 27 Container Schedule 17 Darfy Fretfrts 2 Index to Advertisers 1 Stuping Guide 10.11 Ships in Port 17 Singapore Tries 17 Transport Diary 3 Weather and Sea Conditions 17 Weekly 2
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      82 28 BUSINKS S T I M E S IFI FPHONF 7JO-5771/5772/577} lAX 7)4 4^82 r<ggnaßßgri The appointment is with an established Singapore office. The ideal candidate will have a Master's Certificate and will have had previous experience in all aspects of day-to-day ship operations in dry cargo sector. Considerable emphasis will
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      2291 29 %ti if# *****11 FAX *****09 BOOKINGS TEL *****34 *****68 RT|LiJUU||| TERMINAUCFS TEL *****18 -220 I 1 PESAKA JARDINE SHIPPING AGENCIES SON. BHD %hMT M PORT KFLANG TEL: *****18 FAX *****91/3672/88 PFNANG TEL *****4 FAX *****1 CFS TEL *****6 ■VPTPWI Dedicated to Quality Service mml IMPORT EXPORT VISSEI VOYAg IBH CHA
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      Page 29 Advertisements Column 2
      2226 29 TRANSPORT DIARY Aug 8 (12.15pm): Luncheon Talk by Mr Frederick Tsao. Managing Director of International Maritime Carriers Group of Companies Organised by The Institute of Chartered Shipbrokers (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 Air
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      Page 29 Advertisements Column 3
      1578 29 TWA SAILINGS PER WEEK TOINTRA ASIA SINGAPORE/YOKOHAMA 9 DAYS SINGAPORE/NAGOYA 10 DAYS I Vassal VoyETA 1 ETD 'Port "Penafig DESTINATIONS Singapore Kelang Thi» Mtt Lindoe Maarsti 8107 Faader by CY 6 4 0400 HAS Pino HH CFS 5/0 2389 MRS OAK LGB MOU MEM ATL MIA CHS BAL PHL NYC
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      1165 30 g P^^TTj I I I H |H I A A W IROTTEDAM'I vov NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE SSSI KASUGA 18/130 1/8 24/8 20/8 19/8 jffffl ELBE 06/131 8/8 31/8 27/8 26/8 ">> ''.iH LEVERKUSEN EXPRESS 02/331 11/8 28/8 30/8 2/9 3/9 t. AU. WCSTMUtfD P. LONDON
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      Page 30 Advertisements Column 2
      730 30 SEABPAC SERVICE DWECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT L. J BONTANG 2404E8 In Pt 14/8 17/8 22/8 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. APIA I NUKUAIOAFA DIRECT CHILE/ SOUTH AMERICAN SERVICE SIN lOQ ANF VAP CLX STO (PERU) L. J BONTANG 2404E8 In Pt 5/9
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      Page 30 Advertisements Column 3
      1520 30 REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND FOR EUROPE VSL VOY SIN ALG BCI HAM BRE ROT ANT PEL LHA (VIA (VIA (VIA ALG) HAM) ROT) ARABIAN SEA 120 V* 31/07 22/08 23/08 26/08 27/08 28/08 29/08 30/08 31/08 NORASIA SUN 9121-3 05/08 27/08 29/08 31/08 01/09 02/09 03/09 04/09 05/09
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      Page 31 Advertisements Column 1
      2204 31 ®jjgSteamers Maritime Holdings Ltd P&O Containers MJHf Vo, *> Pm/ Pkl S(N»t At, Sou AntAo<HbT «QM MAIDS* *110 27/07 25/07 31/07 15/04 11/00 19/(8 21/01 ACCEPTS SAAS NmrOKl BAT K44 27/07 29/91 03/00 20/00 22/00 24/00 C«GO IEBi MAfRM 3110 03 00 05/00 07/00 22/00 25/00 20/00 20/00 BIN TANG
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      Page 31 Advertisements Column 2
      2222 31 TO: U.S.AJPANAMA U.S.AJPANAMA wssn »t ou ig» ob em m> wc vmu'Wy wc w w a lg« ow v CHOYAHC SUCCESS EEHO "ITT 0 30/. 0/9 13/» Wt W/t CHOT«« "J J/J GfRMAN SfNATOft £Fl3l 10/f 4/# H/l 21/S 22/9 24/9 W> OAK I AM) WAI2S 2f/I 21/ i Jt/i
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      Page 31 Advertisements Column 3
      389 31 STRAITS/ JAPAN/ STRAITS SERVICE SPECIALIST IN RO-RO HEAVY LIFTS ["vessel VOT Ist pK Tnic OUMK MOON 15 EASTERN PEARL 1 SID PT KOUSHUN 13 SU» "sour* IS ITS »/7 asian cupper 1 v* «Mun li 57i cosmic piofcn 15 i/i ORANGE OCEAN 102 4/1 Tit COSMK MASTED 1 7/1 sonbn
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      579 32 r»gc hrJJUMIILyj vf CR NBR **********0 D EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL W SPORE ROAM ADAM H'BURG BREMEN ANTWERP SRIWIjAYA 32*6 5/1 7/9 13/9 17/J 20/9 RUTAI 23N8 1 9 4/10 13/10 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Subject to Inducement Alto accepting cargo to Caaablanca.
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      Page 32 Advertisements Column 2
      989 32 li£| VC/ HANJIN SHIPPING I S'porellEH RTM ANR HAM BRV FEL FEEDCR VSL StN r AUI jSS. I IHANJIN FELIXSTOWE 008W **********826 8 27 8 28 8 HANJIN ROTTERDAM OIK 2/« DIRECT Z£/» M B HANJIN SEATTLE 019 M 11/8 29 8 30/8 31/8 31 8 2/9 3/9 HANMN KAOHSWNt
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      Page 32 Advertisements Column 3
      67 32 •fwc» »a» fuioh with south «*w:« were no »ew oa» saiH^IESEI SONG THAO" MO CHI MIHH TUTICORtN < J *J "A VESSEL MAORAS/CALCUTTA/CMrnAOONO/RAMOOON */M 1 "AARON F" BKK/SATTAH(P/VUNQTAU/PMNOM PENH 2^!.!, "A VESSEL" COLOWBO/DUBAI/DAMMAN/KUWAIT 30/J/91 -A VSL JCDDAM/MOOEIOAH/AOABA 7/S/#1 "G. SERAVA" SIN BAT AM WEEKLY SERVICES TMC SHIPPING/A AARON ORIENT LINES
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      Page 32 Advertisements Column 4
      1295 32 |!rpYiNirß*fMß*W^l^T*MlM^4HilAllgttigl33ld!liiS£lMj^^^^^^B mi SCP t*G KSG KLG PUS W1 OS* NGT 91? TYO LU CMS BAI tffC Uf» UfH HDH T» WG PS CM KL I £10»K6*470 31/7 1/1 J/l 7/1 9/S 12/1 M/» 14/1 17/» l»/l 19 B 30 1 11/9 13/9 15 9 24 9 25/9 26 9 27/9
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      Page 33 Advertisements Column 1
      2002 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL: *****77 (CR NO: **********0E) BOOKINGS: NEPTUNELINK TEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 ■pl mm AUST/INDIA/PAK SERVICE: *****18 CPS K27 EXPORT *****53/*****04 Wbpf FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 fcH nepline son bhd Malaysia K.L.-(03)
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      Page 33 Advertisements Column 2
      666 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 HALT ORIENT LINE A LTCANADA LINK EASTBOUM)—DISCHMtGMG FULL CONTAINERSHIP SERVICES WESTBOUND—LONXNG IJiVi'Vifill ii mm
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      Page 34 Advertisements Column 1
      1527 34 K"W AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (CR No: **********0 M) W TEL: *****77 TELEX KAWAKIRS23I6S FAX *****79 I md MALAYSIA: 'K* UNE MARITIME (MALAYSIA) SDN BHD J JL/ A TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1 ■HH KAWASAKI RISEN KAISHA, LTD ,NDONES,A PT SARANA INTERNUSA TE >-
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      Page 34 Advertisements Column 2
      1143 34 PHILI-ORI€NT UN€S PT€ LTD .«r 108 Robinson Road #07-00 GMG Building Singapore 0106 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 *"^j| 2 AUG DUBAI DAMMAN SHARJAH. DOHA. 6 AUG MUSCAT. BAHRAIN
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      Page 35 Advertisements Column 1
      1243 35 Cif I PACIHC INTERNATIONAL LINES (PTE) lt d j ito i v-,, i nU()i! 0 gjjjj|pMMjMf?TTi >'T !l J.l j V'T——ji re V y s SIN VESSEL VOY SIN BK K SIN »:UvAf >* MA* IN H I* ,8 ROTA PAHIAWAN 9128 1 8 4/8 A PAN iAN i 9123
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      Page 35 Advertisements Column 2
      1170 35 BEN LINE CONTAINERS LTD #13-05 Southpoint Fax. *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT I P" -..AV«T- av I »HAVP T -AVBUPG J GG'-c'.fc-. 3 'J I PRANCE J U- GFPMANV SCAN 1 SWEDEN Bu aS.,a- lie -9 8 2' 8 Cgr t7l I 256 3
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      Page 35 Advertisements Column 3
      457 35 m MYANMA FIVE STAR LINE (Myanmar National Line) Loading for Yangon (Rangoon) S pore P Klg Pen P Gdg j I MrOMArWA VI36N In Pt PINT* ¥IISW SJd hi Pt TAUNii GVI V422W 1/2 Au| MIRGUI VIOBW J/« Auf 31,3 *u| j AVA *110* 11/S *u| 19 23 Aui HP*
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      Page 38 Advertisements Column 1
      740 38 TO AUSTRALIA/NEW ZEALAND r*V Tta fr«oi IkMb -Jw I Autk |NPE If CHAIM "maatha a 275 IJ/i h i ii/i 18/8 1/9 Ell IN )MMG 27» 2S/« 1/9 8/9 10/9 15/9 17/9 l»/9 IMUSSCI 277 (1 M/ 9 20/® 23/9 28/9 JO/1 1/10 C VEIKXMi 27« 21/9 20/* J/10 7/10
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      Page 38 Advertisements Column 2
      837 38 HHI [OUTBOUND VOY PKI ~PW(T IKT 1 SIN I HKG KAO KEE TYO SMI NGO KOB VESSEL VOT SIM FHI PUG 11 MH ACX LOTUS 158 "*2l IT 6 8 10.8 12 *****7817 8 18 8 EQUATO* PRCE 38 It 2.8 38 TSK CHOHtIS 228 "5 8 8 8 9
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      Page 38 Advertisements Column 3
      189 38 i PiRUSAHAAN i\m KALIMANTAN 1 r DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Vessel ETA/ETD DESTINATION I NIAGA 42 Voy 12/91 2/3 Au( Jakarta/Palembanc I NIAGA XXI Voy 17/91 5/6 Auf Jakarta/Palembanj l J NIAGA XXII Voy 18/91 8/9 Aug Jakarta/Palembang I NIAGA 42 Voy 13/91 12/13 Auf Jakarta/Palembanj I NIAGA
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      Page 38 Advertisements Column 4
      1876 38 d] i£. s] CHINA OCEAN SHIPPING COMPANY PULL CONTAINER LINER SERVICE Malaysia's AGENTS SINGAPORE'S GENERAL AGENTS mxmsia s agents CHUNG CHIAO SHIPPING SON BHD CO STAR SHIPPING PTE LTD PT GLOBAL PUTRA KL TEL *****91/17 FAX *****92 ***** XV IQnn/7imi INDONESIA MARITIME P KLANG TEL 3GM106/1 Til MA ***** mF*
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      Page 39 Advertisements Column 1
      609 39 GUARANTEED CONSOL TO:KEELUNG/KAOHSIUNG 8.8.91 HONG KONG 5.8.91 BUSAN 5.8.91 BANGKOK 4.8.91 EUROPE 4.8.91 TOKYO/KOBE/YOKOHAMA 4.8.91 USA 4.8.91 AUCKLANO 9.8.91 FREMANTLE 6.8.91 SYDNEY/MELBOURNE 9.8.91 FOR BOOKING PLEASE CALL AT OUR HOTLINE 538-0155 (8 LINES) FAX: *****92 PLEASE CONTACT CAINE TAN, KATHLVN TAV. SOPHIA BAY OB KAREN SIM FAST DIRECT REGULAR SERVICE
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      Page 39 Advertisements Column 2
      399 39 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Lines) FAX: *****15/*****03 TELEX: RS ***** RISHIP (3 Lines) PP\ ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL IVOY ETA LOADING FOR SPORE ANOINET 24W8 23/08 DARESSAIAAM MOMBASA DJIBOUTI ASSAB MASSAWA ABYOT 26W8 10/09 OARESSALAAM MOMBASA DJIBOUTI ASSAB
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      Page 39 Advertisements Column 3
      904 39 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD ft* ETA ETA SPOKE POUT KELANG PENANG BIUC MDf 15,8 Loading tor Mate ftUVAI HUDHU 21/8 Loading (or Calcutta 001 PUN 15 8 Loading For Male PIONEER SUPREME 10 8 Loading for Male DONAKUIHI 18 8 Loaded For Fetmraru PSOGSESS LOMTY 14
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      Page 39 Advertisements Column 4
      781 39 SYDNEY/MELBOURNE BANGKOK w«el [wt W wa *w yy* ewwo* PLANET* 1251 6-7/8 18-20/8 22-24/8 DEJA BtW# 2W P,TA BHUM 1307 20-21/8 2-4/9 6 8/8 CHAITA BHt«#- 17* MK 31/7 Fn 2J_J PIANETA 1«52 09-10/9 22-24/8 26 28/8 NANTA WW 51N Tta 1J Sun 1 MAHA BHUM# 68N Sun 4/8 Wad
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      Page 40 Advertisements Column 1
      1165 40 M AC-NELS S'PORE 1MP0RT:"*****02 j PENANG: (04) *****6 J. BAHRU: (07) *****2 KK: (088) *****0 MEDAN: (061) *****2 1 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 1 UK/SCAN/MED PORTS COLOMBO®. AFRICA^ PIN SIN PEN PK S N 0,0 o I i4n /Fl* /RHm Ant Co,omb 3
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      Page 40 Advertisements Column 2
      382 40 1r?i» BLUE STAR LINE TO FROM ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS sIN NPI AKL Ltl S4N MULBERA 22S 10/8 21/t 23/» 9/9 MAHSUtiI 0502 27/1 J/9 VIA NPJ- 10/9 27/5 PROSPECT 14S 1/9 20/9 VIA NPL 22/9 FULLY CONTAINERISED SAILINGS DISCHARGING AT NEW PLYMOUTH
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      Page 40 Advertisements Column 3
      1215 40 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CQNVENTIQNAI/CONTAINER CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL IvOY In* IPEST VESSEL VOT SPOtE ~f. KELAJK KIM
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      Page 41 Advertisements Column 1
      765 41 mmassm Sftowv COMPANIA PERUANA DE VAPORES "PERUVIAN STATE LINE" ACCEPTWG BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI. ILO* t OTHER PERUVIAN PORTS* WITH T/S AT KO6E ON CPV THROUGH BILL OF LADING. Penjof* P Kel«i| Singapore E'Msia KARABIEVERHT 04/05 Au| 10/11 Auj lOHNEVERETT 13/14 Aut 15/17 »ut SHAPIAEVERETT 31 Au| 01 Sept
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      Page 41 Advertisements Column 2
      548 41 VSL I VOY Is PO>E~|mAINLINER LAX AST SAV NYC HEX m YOKOHAMA 1M 30/7 ZM ITALIA 27/1 J/9 |0'» ZM TRIESTE 1311 9/1 m KOREA 5/9 1«/» 17/9 199 21/9 /IM FIAT Mt 13/1 t* HONGKONG 12/9 219 24/9 24 9 21/9 lEENARO n 20/1 TIM KEELUNG 23/0 2/10 5/10
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      Page 41 Advertisements Column 3
      688 41 I MULTI-MODE SHIPPING PTE LTD j MIDDLE-EAST/PERSIAN GULF ACCEPTING FCL/LCL DUBAI DAMMAN SHARIAH DOHA MUSCAT BAHRAIN ABU DHABI BANDAR ABBAS JfDOAH FAR EAST ACCEPTING FCL/LCL PtNANG P/REIANG. lAHARTA. BANGKOK. HONG KONG. TAIWAN lAPAN MANIIA KORfA UK/EUROPE ACCEPTING FCL/LCL LONDON FfIIXSIOWE. LEEDS TILBURY ABERDEEN IE HARVE HAMBURG ROTTtRDAM ANTWEP. GOTHENBURG COPENHAGEN
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      Page 41 Advertisements Column 4
      571 41 PERINTIS LINE ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASETIA 185 A 01/08 04/08 j PELOPOR 999 03/08 06/08 DERAJAT 948 06/08 09/08 PRASETIA 187 A 08/08 11/08 TANTO UTAMA 181 IN PORT 03/08 TANTO UTAMA 183 08/08 11/08 TANTO UTAMA 185 16/08 19/08
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      Page 41 Advertisements Column 5
      383 41 SIN FAI EAST 6/8 KEELUNG/KAOHSIUNG 3/8 BANGKOK 3/8 MANILA/CEBU 3/8 JAKARTA/BELAWAN/SURABAYA 3/8 PORT KELANG/PENANG/E. Malaysia 5/8 BUSAN 5/8 TOKYO/YOKO/KOBE/NGO/OSA 2/8 HONG KONG SIN CHINA 2/8 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DAUAN/SHANGHAI/XINGANG TIANJIN/QINGDAO/HAIKOU also accepting LCL cargo SIN EUROPE/UK 3/8 LDN/FLX/LVP/SOU I 3/8 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumania/Poland/Bulgaria/Czech. SIN USA/CANADA 3/8
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      Page 42 Advertisements Column 1
      688 42 FIL Container Services Pte Ltd I I total services nvocc MADRAS CALCUTTA VSL VOY SINGAPORE/MADRAS/SINGAPORE VBL VOY SINGAPORE/CALCUTTA/SINGAPORE I VESSEL WOt SIN MAA SIN VESSEL VOY SIN l ft7/nl 5T u/0 •NEXT AVAIAO.E 03-04/08 10-12/08 18-18/08 NEXT AVAILABLE D nt/ftl ?4 2S/0S 09 09 08 15-17/08 23-24/08 JJ £5 JJ
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      Page 42 Advertisements Column 2
      404 42 Bon term! CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION FREMANTLE 4 AUG ALSO ACCEPTING CARGO TO: PORT VESSEL ETA NEKT BANGKOK CONTERM INGENUITY 03/« 10/8 JAKARTA CONTERM EDEN 30/7 6/1 PENANG CONTERM A BHUM 03/8 10/S POUT KELANG CONTERM SEROJA 03/S 10/S j J EUROPE CONTERM FELIXSTOWE 5/1 12/1
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      Page 42 Advertisements Column 3
      508 42 CWicm 111 fi fIA m CUJI maintain# ov»r 35,000 tractors A truck*. II A CUJI »«v«a ovar 60,000 points In U.S.A. IK H m CUJI offar LCi/FCL «afvtea». %4'i I Ganaral Agent*: 7ZMA*T7/JWr mPENANG KL: allied-link SINGAPORE:^ m 04-*****2 03-*****55 778 6522(22 unes> SFFA \f Marina Ong Susan Ng/Phlllp Kee
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      Page 42 Advertisements Column 4
      403 42 MANILA ETA VIGOUR SINGAPORE SNB 27/7 VIGOUR PACIFIC 42N8 3/8 BANGKOK 4'B 12/8 BUSAN 29 72 8 I HONGKONG 29/7 2/8 DURBAN PT LOUIS 3815 8 KEELUNG 28/7 4/8 USA 29 7 5/7 PT KELAWG 29/7 2/8 KOBE 27/7 3/8 PIRAEUS 8/8 19/8 OSAKA 7-8 14 8 JAKARTA 29/7 1/8
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      Page 43 Advertisements Column 1
      358 43 \Oc vQ c <Dc O c <D C O c Oc U VAN OMMEREN CETECO GROUP V > TRANSPORT DIVISION 0 VOTAINER CONSOLIDATION SERVICES: THE ONLY CONSOLIDATOR WITH WORLDWIDE NETWORK 1 J Weekly FCL/LCL Services To/From V/ USA EUROPE FAR EAST > Baltimore Votainer Consolidation Services Hamtofg- Van Ommeren Hamburg
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      Page 43 Advertisements Column 2
      636 43 Nedlloyd fixed da y schedule to/from T Nedlloyd Lines EUROPE/MEDITERRANEAN IN 1992 TjaMwib/fui -I wr«n: Jht t'Sk "Pan *BU Sn Sbaya Auckland Hp(A) NPtymou«i(*) Timaru Lyttalton(B) ton«dh(B) Kapwr *H«njlon(C) Tauranga N Rosarw/9118 29/7 31/7 30/7 30/7 1/8 3/8 19/8 28/8 21/8 21/8 22/8 22/8 25/8 26/8 27/8 N Rochester/9119 10/8
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  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      293 43 TIDES AND WEATHER TODAY'S TIDES in metres) HOUR 0000 0100 0200 0300 0400 0500 0(00 0700 **********00 UOOI2OO *****400 1500 1600 **********00 2000 2100 22M 23M JR 2.6 30 29 2.7 21 1.5 09 0.6 04 04 0 7 1.2 19 2.4 2.5 25 2.2 1.7 12 09 07 0
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      Page 44 Advertisements Column 1
      866 44 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST pKDM VOT IHR P*t I SIH LIWE HAUL VOY LBH OAK St* LHE HAUL VOT T CM/St A PTL MMG CHUN 121 M/ 07 29/07 01/01 H PIONfIR 42£ 26/01 29/01
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      Page 44 Advertisements Column 2
      122 44 PAS4R GUDANG/SINGAPORE TVyiCE WEEKLY SAILINGS (TUE SAT) VESSEL VOY P.GUDANG S PORE JOSINDO SATU 021S 02/8 03/8 022S 05/8 06/8 023S 09/8 10/8 024S 12/8 13/8 025S 16/8 17/8 026S 19/8 20/8 RASIR GUDANG SINGAPORE (OT) (02)534^042 2SE3 S 7 A via M B Irm 1 DAMAR SEGARA AGUNG LINES
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      Page 44 Advertisements Column 3
      499 44 ICHARTPOINT j Every Saturday in Business Times SXPORTTO^^^^ UK/CONTINENT (TRIO) lifOM STON H*»« »O*M UH SrtcttUr* Ultt I 11/1 M 1/1 22/1 Hit 1M »««Irdwi 4"*t»fa"i 0«i mart; MONTt «0M 14/1* *1 a/I 21/1 27/1 jhml-.I— ILL.I ttiHnl iml OK* fIK M 131 31/S 27/1 21/1 Sumtrvwr Nil«Mnl<n WtutrtW* IFWKHIBW
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