The Business Times, 1 August 1991

Microfilm: NL17607
Total Pages: 52
1 52 The Business Times
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  • Title Section
    Masthead
    10 1 Business Times MCI (P) 16/12/90 Thursday, August 1, 1991 75*
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  • NEWS SUMMARY
    • Article
      US, Soviet Union to co-host M-E peace talks in October
      50 1 MOSCOW US President Bush said yesterday the US and the Soviet Union will cohost a Mid-East peace conference in October. He said he would dispatch Secretary of State James Baker to Jerusalem today to persuade Israel to join the talks.
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    • Article
      Multi-Fibre scheme extended
      30 1 GENEVA Government negotiators agreed yesterday to extend the Multi-Fibre Arrangement (MFA), which enables rich countries to restrict cheap imports of clothes and textiles from the Third World.
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    • Article
      Textile makers coping
      36 1 TEXTILE and garment manufacturers are adapting well in the midst of gloomy forecasts for the industry, says Mr Cheng Wai Keung. president of the Textile and Garment Manufacturers' Association of Singapore. Page 2
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    • Article
      Our success story
      47 1 THE main reason for Singapore's success was its superior political leadership, without which the Republic would have crumbled after a few years of independence, said Prime Minister Goh Chok Tong in his message for the Economic Development Board's 30th anniversary commemorative publication. Page 2
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    • Article
      KL industrial property
      31 1 There is growing concern that economic growth in Malaysia might not be able to generate enough demand to justify the supply in the industrial property sector Page 8
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    • Article
      Smarter banking
      28 1 A TRIP to your local bank branch these days is likely to reveal that not only do the staff look smarter, they are smarter. Page 12
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    • Article
      We're all lazy
      24 1 LAZINESS is perfectly natural, perfectly sensible and shared by nearly every other species on the planet, say field biologists. Page 15
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    • Article
      Cargo freighter's hub
      34 1 MELBOURNE-BASED Antonov Airlines Cargo Services, a cargo freighter which uses refurbished Soviet military transport planes, is setting up its first technical hub outside of Moscow in Singapore Shipping Times, Pg I
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  • MARKETS SUMMARY
    • Article
      Dow up
      31 1 THE New York Stock Exchange edged up yesterday morning, with the E>ow Jones index posting a gain of 0.89 points to 3,017.21 in the first five minutes of trading.
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    • Article
      Footsie down
      42 1 BRITISH shares were slightly lower at midday yesterday as water companies' shares slumped on signs of regulatory concern about their rapid earnings and dividend growth. At about noon (1100 GMT), the FTSE 100-share index was down 1.8 points at 2,593.8.
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    • Article
      M Credit's $167m dip
      24 1 DECLINING property prices have slashed $167 million off the market value of Malayan Credit Ltd's two major properties Page 3
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    • Article
      Big demand for SEEL
      35 1 SINGAPORE Electronic and Engineering's offer was 189 times subscribed, one of the most successful offers ever, but this meant that small investors had less chances to get their lots Page 3
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    • Article
      MGA buys Thai stake
      29 1 MORGAN Grenfell Asia is expanding its interest in Bangkok through the purchase of a 20 per cent share in a Thai securities firm Page 4
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    • Article, Illustration
      STOCK INDICES
      29 1 Wednesday Chance BT-MGA ...715.10 +1.6 Kuala Lumpur ....602.32 +0.26 Tokyo 24.120.75 +248.12 Hongkong .........4,009.58 +17.75 Sydney ...1.572.4 -1.8 Taesday Change New York 3,016.32 +31.08 London 2,595.6 +0.6
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    • Article
      CURRENCIES
      22 1 Exchange rates US$ SS 1.7445 100 Yen SS 1.2655 MS SS 0.6257 Money market rates Overnight 4-3/4 -1/8 3-month 5-9/16% -1/16
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    • Article
      COMMODITIES
      36 1 London Gold AM fix USS363.60 USS1.30 Itubbor S'poreAug... 142.00*/kg +0.50 M'sia Aug.— 227.00*/kg unch KL Tin Turnover 35 tonnes -10 Spot MS 15.46 /kg unch Crude palm oil Turnover 2,633 lots -548 Aug MS873/tonne -12
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  • Article, Illustration
    Property market awaits outcome of F&N appeal
    511 1  -  By Lee Han Shih THE PROPERTY market is keenly awaiting the outcome of an appeal by soft drink maker Fraser Neave (F&N) that it be allowed to build more offices on its huge River Valley Road site. The final decision by the Urban
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  • Article
    UIT denies agreeing to refinance Marina Village
    563 1  -  'Agreement' was only to consider loan application B* Dawn Tan SWISS-BASED financial institution United Investment Trust (UIT) has denied reports that it has agreed to refinance Marina Village International, flagship company of Moroccan businessman Elyamani Khamis. Press reports last week said UIT had
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  • Article
    Khamis yet to submit revised Sentosa plan at 6pm yesterday
    251 1  -  By Sangeeta Mulchand AS AT 6 pm yesterday, Khamis Holdings had not submitted revised building schedules for its proposed projects on Sentosa, placing the $95 million developments in jeopardy. The Sentosa Development Corporation last week gave Khamis Holdings until the
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  • Article
    KL passes new law on land acquisition
    379 1  -  Developers concerned but no panic selling expected By Elaine Koh THE Malaysian government now has greater powers to acquire land for development, with Parliament approving the controversial law on Tuesday night after a heated five-hour debate. The House voted 99 to 25 to
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  • Article
    Lock icon Start of new era as Bush and Gorbachev sign treaty
    238 1 Reuter MOSCOW Presidents George Bush and Mikhail Gorbachev led the world into a new era yesterday by signing a treaty slashing their strategic nuclear arsenals by about one third. Although the United States and the Soviet Union will retain massive
    Reuter  -  238 words
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  • HOME NEWS
    • NEWS ROUNDUP
      • Article
        Kato (S) engineers to train staff in Georgia
        88 2 TWO local engineers of Kato Spring Singapore, a subsidiary of Japan's leading manufacturer of precision springs, have been posted to Kato Spring's American plant in Georgia to train its staff there. They will be stationed in the United States for 14 months.
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      • Article
        Symposium on training workers
        91 2 THE USE of technology in worker training, the new skills required in a changing work place these topics will be discussed at the five-day Asian Productivity Symposium which began yesterday. The symposium will also focus on how the flexibility of workers can be enhanced and the
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      • Article
        4 picked for Shell scholarships
        67 2 FOUR young Singaporeans have been selected for the Shell Centenary Merit Scholarship. The four Sharifah Yuhaniz bte Syed Taha, Tan Lee Lee, Ng Kia Chai and Andrew Yeo Khee Huat have outstanding academic and ECA records. The scholarships are part of an inaugural package of
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      • Article
        URA publishes handbook
        71 2 THE URBAN Redevelopment Authority has published a conservation handbook for the public interested in restoring their properties. The handbook is the second of a series to guide the public and professionals in submitting planning applications to URA. It costs $5 each. The handbook contains essential information, such
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      • Article
        City Trans on from Sept 14
        60 2 CITY TRANS ASIA '91, an exhibition on urban planning and transportation, will be held from Sept 14 to Sept 17 at the World Trade Centre. A two-day conference, to be held in conjunction with the exhibition, will be officially opened by Mr Peter Sung,
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    • Article
      Textile industry facing up to problems
      327 2  -  By Michelle Low IN THE FACE of gloomy forecasts for the hitherto thriving textile and garment industry, manufacturers are adapting well and tackling the problem on various fronts. In particular, concentrating on service and diversifying into trading would help manufacturers weather difficult times ahead,
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    • Article
      Independent body needed to assess hospitals
      320 2  -  By Anna Teo THERE may be a need for an independent body to assess the operating efficiency and efficacy of the different groups of government hospitals, Health Minister Yeo Cheow Tong said yesterday. In the past, all government hospitals were directly controlled by the
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    • Article, Illustration
      PM Goh stresses importance of political stability
      339 2  -  EDB's 30th anniversary By William Chia ALTHOUGH political stability is the single most important factor behind a country's economic performance it is never discussed in any discourse on the theory of economic development. Prime Minister Goh Chok Tong pointed this out in his
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    • Article
      Interest rate of LEFS loans up 0.5 point
      309 2 THE interest rate of loans provided under the Economic Development Board's Local Enterprise Finance Scheme (LEFS) will increase by 0.5 percentage point with effect from today. The EDB, in a statement yesterday, said that this was in line with the increase in
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    • Article
      Northpoint to fetch $9.6m rent a year
      282 2  -  By Sylvia Wong NORTHPOINT, the first pri-vately-developed shopping complex in an HDB new town, is expected to bring in $9.6 million in rental a year for its developer, Centrepoint Properties. The company's executive director G H Darwin said with rents of between $5
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    • Article
      In search of overseas talent
      231 2  -  By Joseph Rajendran THE Economic Development Board (EDB), whose task is to attract investments to Singapore, has embarked on a new mission to source for overseas talent. This was disclosed by EDB chairman Philip Yeo at the graduation ceremony of the Singapore Polytechnic yesterday. Mr
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    • Article, Illustration
      Lock icon Rise in Brunei $ repatriated
      142 2 Rise in Brunei repatriated THERE was a 12.3 per cent increase in Brunei currency repatriated by the Board of Commissioners of Currency, Singapore (BCCS) last year. At $456.2 million, this contrasts sharply with the $1.1 million in Singapore currency repatriated by the Brunei Currency Board. These figures were obtained from
      Source: Board of Commissioners of Currency,Singapore  -  142 words
  • Page 2 Advertisements
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      Page 2 Advertisements Column 1
      76 2 OWFAX OF-150 SSI ,200 SffOAL PWCE FOB THIS CAMPAIGN ONLY OWFAX OF7 SSI V00 OKI FAX OF 8M SSI.750 OK1F AX OF-17 SS2 600 OWFAX OF 38 SS4 200 Ota IX SEMES DIGITAL PABX —DIGIPHONIC SYSTEMS PTE. LTD. OKI 70 Bendemeer Road #06-01 Hup Him House Singapore 1133 Tel *****11
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      Page 2 Advertisements Column 2
      454 2 SINGAPORE Li INSTITUTE OF MANAGEMENT 1 Conducting Effective Meetings I September 9 610,1991 SSS9O SIM members/Ss7oo non-members This workshop offers the opportunity to acquire the techniques and skills necessary to I conduct, control and direct a meeting with creativity, effectiveness and confidence. The I final result will be a more
      454 words
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  • COMPANY NEWS 1
    • Article
      Market value of M Credit properties falls $167m
      385 3  -  By Lee Han Shih THE FALL in property prices have slashed $167 million off the market value of Malayan Credit Ltd's two major properties. According to MCL's latest annual report, released yesterday, its investment properties were worth $705 million on March 31,
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    • Article
      Seel offer 188 times oversubscribed
      526 3  -  By Carolyn Lim SINGAPORE Electronic and Engineering's offer was 189 times subscribed, one of the most successful offers ever, but this meant that small investors had less chances to get their lots. Only one out of 12 applications for a single lot was successful. This
      526 words
    • Article
      Nearly 90 staff to be laid off in SPH computerisation exercise
      279 3  -  By Lilian Ang SINGAPORE Press Holdings is spending $5.8 million to computerise publishing and production of its Chinese newspapers, an exercise which will see nearly 90 people being retrenched. The upgrading move, aimed at helping the group keep its
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    • Article
      UOI, ICB post disappointing results
      234 3 TWO of United Overseas Bank's listed subsidiaries, United Overseas Insurance and Industrial Commercial Bank, have turned in disappointing sets of interim results for the six months ended in June. UOl's net earnings in the latest reporting period continued to decline. Net earnings fell 9 per
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    • Article
      Khong Guan's results dismal
      204 3 THE CESSATION of its flour milling activities has burnt a hole in Khong Guan Flour Milling's results for the year ended April 1991 The group's results were dismal with an after-tax loss of $659,000. Most of the losses about $525,000 were incurred in the second half,
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    • Article
      S'pore market ready for tender system
      397 3  -  THE HOCK LOCK SIEW COLUMN By Magdalene Ng THE DUTCH tender system for new share issues is nothing new to the Singapore investor. Back in 1964, when the stock market as we know it today was just four years old, investors had a taste
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    • Article
      MUI firms may be sued over share swap deal
      340 3 MALAYAN Cement Bhd has threatened legal action against two MUI-related companies unless they rescind a share swap deal with fast food operator Innovest Bhd. In early April, Pan Malaysia Rubber Industries Bhd and PMRI Investments (S), both members of Malaysian tycoon
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    • COMPANY BRIEFS
      • Article
        Hotel Negara plans one-for-one rights issue
        130 3 HOTEL Negara Ltd has proposed a one-for-one rights issue to help finance the building of a $91.6 million hotel. The company said it planned to finance most of the project from internal resources and bank borrowings but the balance of about $20.3 million would
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      • Article
        Telekom interim profits soar
        51 3 KUALA LUMPUR Telekom Malaysia registered a profit of Mssoo million in the first half of this year compared with M 5564 million for the whole of 1990. Energy, Telecommunications and Posts Minister Datuk Seri Samy Vellu said it was a classic example of productivity achieved through
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      • Article
        MBf Holdings in tie-up
        86 3 KUALA LUMPUR MBf HOLDINGS Bhd said yesterday that it is venturing into the civil engineering and construction industries through a tie-up with Rudis of Slovenia and Tricapital Ltd of London. Rudis has extensive experience in the civil engineering, construction, petrochemical, power generation. chemical and environment protection
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      • Article
        Sime S'pore rights acceptances
        82 3 SIME SINGAPORE Ltd announced that it has received acceptance of 102.27 million rights shares at the close of its one-for-four rights issue on July 29. This represents about 94 per cent of the total number of rights shares offered under the rights issue. Excess applications have
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    • Article
      SSL maintains earnings on strong rentals
      347 3  -  By Elaine Koh STRAITS Steamship Land managed to maintain its level of earnings from strong rentals, despite a drop in turnover and investment income. For the six months ended in June, profit after tax and minorities was $12.72 million, barely changed from $12.64 million
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    • COMPANY BRIEFS
      • Article
        Matsushita buys 20pc foreign semiconductors
        89 4 TOKYO Matsushita Electric Industrial Co Ltd in June increased the proportion of semiconductors it bought from foreign manufacturers to 20 per cent, a spokeswoman for the company said. A Japan-US agreement in June set a target of 20 per cent for the foreign share of
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      • Article
        S Korean plant in Venezuela
        93 4 SEOUL Dooyang Corp has obtained approval to build a US$994 million aluminum smelting plant in Venezuela in a joint venture with Venezuelan and US firms, company officials said on Tuesday. Dooyang officials said the plant, with an annual production capacity of 239,000 tonnes, will be
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      • Article
        Caltex hopes for Thai deal
        94 4 ANGKOK Caltex Oil (Thailand) Co is hoping to sign 1 agreement by the end of the year with the Industry linistry to finally begin construction of its oil refinery ith promotional privileges from the Board of Investment, altex Managing Director Sukavich Rangsitpol said the >mpany
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      • Article
        Microfiber in second expansion
        86 4 Microfiber Industries Ltd, Thailand's fibre g ass insulation manufacturer, realised its first phase of ant expansion and is now implementing its second phase e ;pansion to become the biggest fibreglass insulation manu acturer and market leader in Asean countries. After comp etion of the second phase
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      • Article
        Citra Tubindo's dividends
        83 4 t ATAM ISLAND PT Citra Tubindo, a seamless pipe I rocessing company 34 per cent owned by the public, will 3 K>n distribute a cash dividend of Rp32o per share to its s ockholders, says the president of the firm. Dali Sofari s lid after an annual
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    • Article
      HK's CEF unit in S'pore opens today
      327 4  -  By Diana Oon SINGAPORE CEF (Singapore) Ltd, the Singapore incorporated merchant banking subsidiary of Hongkongbased CEF Holdings Limited starts its business today. This comes as no surprise, for nearly a year ago, CEF Capital, the Singapore representative office for the financial services company,
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    • Article
      Lock icon Bridgestone plans to lay off 3,000 staff in overseas units by year-end
      212 4 Reuter TOKYO Bridgestone Corp plans to lay off a total of 3,000 employees from its overseas units by the end of calendar 1991, a Bridgestone spokeswoman said. Bridgestone, Japan's largest rubber products manufacturer, has already dismissed 2,000 employees
      Reuter  -  212 words
    • Article
      World Bank arm to raise funds for Manila firm
      455 4  -  From Al O Labita Jr in MANILA INTERNATIONAL Finance Corp (IFC), the World Bank's investment arm, is raising US$235 million (Ss4ll million) in fresh funds to rehabilitate the debtridden Philippine Associated Smelting and Refining Corp (Pasar). Trade and Industry Secretary Peter
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    • Article
      Manila may withdraw from Asean venture
      371 4  -  From Al O Labita Jr in MANILA THE Aquino government is likely to drop its plan to acquire a majority equity stake in an Asean copper fabrication project proposed to be located in the Philippines, a senior official said. "The project simply runs counter
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    • Article
      UMW lists its second company on Thai bourse
      363 4  -  By William Chia SINGAPORE The Singa-pore-based United Motor Works Pte Ltd (UMW) has listed its second company on the Securities Exchange of Thailand. UMW, in a statement yesterday, said that its 49-per cent owned associate United Motor Works (Siam) raised 135 million
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    • Article
      Morgan Grenfell buys 20pc stake in Thai firm
      319 4  -  By Magdalene Ng SINGAPORE Morgan Grenfell Asia is expanding its interest in Bangkok. The financial group said yesterday that it is buying a 20 per cent share in a Thai securities firm, the same firm that fellow stockbroker J Ballas Sc Co
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    • Article
      Lock icon HK comics king and sister held on false accounting charges
      234 4 AFP HONGKONG Hongkong's former comics king, Tony Wong, who established s multi-million dollar empire by selling kung-fu cartoons, was arrested on Tuesday together with his sister Patrida, police said. Police said the arrest of Wong, 39, and his sister was
      AFP  -  234 words
    • Article
      Second Indon, Korean bank
      248 4 JAKARTA The growjd trade relations between lifH nesia and Korea prompted the formation j»' the second joint venture ttjftK between Indonesian adSouth Korean banks. Mi The Jakarta Post yesterday that Hanil Baflß South Korea's major private commercial bank has joined forces with Indonesia's Tamara Bank to
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    • COMPANY BRIEFS
      • Article
        Computer firm MIPS to revamp some segments
        117 6 SUNNYVALE, California MIPS Computer Systems Inc said it will restructure certain segments of the company and, as a result, expects to incur significant costs. The company said it plans to reduce salaries and implement a voluntary incentive programme in order to reduce its
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      • Article
        Czech privatisation talks go on
        90 6 VIENNA Three of the West's biggest electrical groups are continuing talks with a leading Czech engineering firm, and a privatisation deal could be sown up by November, an Austrian bank said. The bank, Girozentrale und Bank der oesterreichischen Sparkassen AG, is handling the privatisation of
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      • Article
        Occidental-TransCanada deal
        91 6 CALGARY, Alberta TransCanada Pipelines Ltd unit Western Gas Marketing Ltd said it has signed a 10-year natural gas sales agreement with Occidental Petroleum Corp unit Natural Gas Pipeline Co of America. Under the agreement, about 171 million cubic feet of gas per day will be sold to Natural
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      • Article
        Nasdaq delists Robotic Vision
        56 6 HAUPPAUGE,„New York Robotic Vision Inc said its common stock has been delisted from the Nasdaq National Market System for failure to meet net tangible assets criteria but will now trade on regular Nasdaq under an exception from regular Nasdaq net tangible assets criteria, which it failed
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      • Article
        Singer may be floated next week
        115 6 TORONTO International Semi-Tech Microelectronics Inc said it expects its Singer NV subsidiary to be publiclylisted on the New York Stock Exchange by the end of next week. "You will be able to buy Singer stock beginning next week," James Ting, Semi-Tech president told the
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    • Article
      Lock icon Computer firm Bull posts further fall in earnings
      409 6 FT PARIS Bull, the French state-controlled computer company, has reported a further deterioration in earnings with a net loss of FFrl.94 billion (***** million) in the first half of this year. The result compares with a loss of FFrl.BB billion in the
      FT  -  409 words
    • Article
      Lock icon US food producer records flat earnings
      247 6 UPI NEW YORK Borden Inc, a worldwide producer of food, packaging and industrial products, said on Tuesday second-quarter net income fell less than one per cent to US$B9.6 million (Ssls2 million) from US$9O.4 million in the prior-year quarter and earnings per share were 61
      UPI  -  247 words
    • Article
      Lock icon British Gas agrees to buy El Paso pipeline
      337 6 Reuter NEW YORK British Gas pic has agreed to buy the El Paso natural gas pipeline from Burlington Resources as its first major step into the US gas market, gas industry sources said. Sources said the sale depends on a favourable ruling
      Reuter  -  337 words
    • Article
      Lock icon BMW expects higher sales
      267 6 Reuter MUNICH, Germany Bayerische Motoren Werke AG (BMW) said it expects to increase all key 1991 financial figures, confirming its previous forecast. "For the entire 1991 year the company expects to produce and deliver more cars and motorcycles than last year. Sales and profits will probably
      Reuter  -  267 words
    • Article
      Lock icon IBM expects its top mainframe computer to be out in September
      493 6 NYT LONDON IBM executives said on Tuesday they were "cautiously optimistic" that they would meet a September introduction date for the company's most powerful mainframe computer, a product that analysts say the company must have to avoid a serious
      NYT  -  493 words
    • Article, Illustration
      Lock icon Barratt's losses may spark big provisions by UK building firms
      557 6 Reuter LONDON The shocking size of losses at Barratt Developments pic could tempt other UK construction companies to declare bigger-than-planned provisions for land and property, building analysts said. But even if they make larger provisions, the other firms will look
      Reuter  -  557 words
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      Page 4 Advertisements Column 2
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      Page 4 Advertisements Column 3
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  • Page 5 Advertisements
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      Page 5 Advertisements Column 1
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  • Page 6 Advertisements
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      Page 6 Advertisements Column 1
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      13 6 EMp/f SINGAPORE Do not miss the above 8-page Supplement with your Bosinessflhiies today!
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  • FINANCIAL NEWS
    • Article
      S Korean banks look to S'pore for offshore funds
      363 7  -  By Kooi Cho Teng SINGAPORE South Korean financial institutions and corporations are looking at Singapore as a source of offshore funds. This was disclosed by Mr Hyun Soo Yun, the deputy general manager of Korea International Merchant Bank (KIMB), at yesterday's
      363 words
    • Article
      Lock icon Kreditkassen won't talk of losses
      139 7 Reuter OSLO Christiania Bank og Kreditkassen, Norway's second largest bank, declined comment on a newspaper report that its net losses would surge to between 800 million crowns (Ss2os million) and 900 million crowns in the first half of 1991. "We will not comment on this
      Reuter  -  139 words
    • Article
      Group now called Transpac Capital
      207 7 SINGAPORE Transpac Venture Management, the venture capital management group backed by DBS Bank and Nat Steel, has changed its name to Transpac Capital. "The new name is to better reflect our business activities," Transpac Capital's president, Dr Christopher Leong, said in a statement yesterday. He
      207 words
    • Article
      Insurance giant Allianz posts lower earnings
      405 7 MUNICH Europe's largest insurance group, Allianz Holding AG, on Tuesday reported a slight drop in its 1990 net earnings, despite a record expansion of business. Company earnings fell to Dm 1.006 billion (SS 1.006 billion) in 1990 from Dm 1.158 billion the previous year,
      405 words
    • SMALL CHANGE
      • Article
        NatWest expected to show poor results
        115 7 LONDON National Westminster Bank pic is forecast to report a dismal set of half-year figures on Aug 6, but analysts see an underlying glimmer of promise in the bank's strenuous cost-cutting programme. The market is looking for slim pretax profits of £40 million (*****.6
        115 words
      • Article
        Citicorp cuts credit card trust rate
        106 7 NEW YORK Citicorp said it reduced by 2.30 per cent the base rate of National Credit Credit Card Trust (NCCT) 1989-2, a US$75O million (*****3 million) offering of credit card-backed securities issued in March 1989. Investors receive principal payments early if the yield on
        106 words
      • Article
        Pakistan won't liquidate BCCI
        99 7 ISLAMABAD Pakistan has refused to liquidate its branches of the scandal-ridden Bank of Credit and Commerce International (BCCI), the official APP news agency said on Tuesday. It said the BCCI branches were functioning normally under directives from the State (central) Bank of Pakistan (SBP) "for their
        99 words
      • Article
        Buyers sought for Crossland
        100 7 NEW YORK The federal government announced on Tuesday that it is seeking buyers for Crossland Savings Bank, the nation's 15th largest savings institution, which has been hobbled by bad real estate loans. Officials of the federal Office of Thrift Supervision, which is overseeing the sale of
        100 words
    • Article
      Lock icon Move to postpone BCCI winding-up raises hopes
      415 7 FT, AFP LONDON The High Court's decision to postpone the winding up of BCCI for four months will come as welcome news to the stricken bank's thousands of smaller depositors in the UK. It leaves them with nothing more in the short term
      FT,; AFP  -  415 words
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      Page 7 Advertisements Column 1
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  • THE REGION
    • NOTE BOOK
      • Article
        Australia moves to integrate states
        89 8 SYDNEY Australia's politicians have decided to scrap laws that have kept its six states virtual separate nations despite their formal integration 90 years ago. As a first step, the federal government and premiers of the states and two territories agreed at a meeting on Tuesday
        89 words
      • Article
        KL expects more Taiwan capital
        105 8 KUALA LUMPUR More Taiwanese investors are expected to come to Malaysia in the second half of this year. The director of Taipei Economic and Cultural Centre in Malaysia's economic division, Mr George C H Wang, said on Tuesday that his centre and the Taipei Investors'
        105 words
      • Article
        Manila expects 1.5pc growth
        100 8 MANILA The Philippines remains optimistic of achieving economic growth of 1.5 per cent this year despite the devastation wrought by Mount Pinatubo and near-zero growth in the first quarter, Manila's economic planning agency said on Tuesday. "There remain good reasons for optimism starting the second half
        100 words
      • Article
        Thai diamond exports glitter
        80 8 BANGKOK Thai diamond exports this year will reach US$4OO million (Ss7oo million) despite a 30 per cent slowdown in diamond demand in the world market, Thai Diamond Manufacturers' Association president Chirakitti Tang said here yesterday. He attributed the slump in demand to the world economic recession
        80 words
      • Article
        Call for Myanmar arms ban
        85 8 THE HAGUE The European Community on Tuesday appealed for a worldwide arms embargo against Myanmar because of the continued refusal by the nation's military leaders to institute a democratically-elected government. The EC said in a statement that it is "appalled that the Burmese authorities still
        85 words
    • Article, Illustration
      Lock icon Analysts wary about M'sian industrial property sector
      607 8  -  Concerns stem from external factors From Salil Tripathi in KUALA LUMPUR ENOUGH SUPPLY of industrial property will be forthcoming in the next three years to absorb Malaysia's high growth rate and the bigspending Sixth Malaysia Plan. But some analysts have begun to wonder
      Source:  -  607 words
    • Article
      NZ sets up tourist board, upgrades S'pore office
      358 8  -  From Schutz Lee in WELUNGTON NEW ZEALAND is setting up a tourism board and restructuring its overseas network in an effort to double tourist arrivals to two million a year by the year 2000. The tourism board, expected to be fully operational
      358 words
    • Article
      Lock icon Asian tourism still licking Gulf War wounds
      400 8 AFP HONGKONG Tourism in Asia, significantly down this year as a result of the Gulf War and world recession, is bouncing back but full recovery is still some way off one year after Saddam Hussein invaded Kuwait. Industry sources in countries throughout the
      AFP  -  400 words
    • Article
      Lock icon All sectors must divert shares to co-ops: Suharto
      263 8 Reuter JAKARTA Share offerings from Indonesian companies to cooperatives should be expanded to involve all business sectors in the country, President Suharto told the country's business community on Tuesday. He also stressed that efforts should be made to help small business entities
      Reuter  -  263 words
    • Article
      First major tender called in HK airport project
      304 8 SINGAPORE The first major work relating to Hongkong's massive new airport project is up for tender. The government of the colony has invited tenders from prequalified contractors for the construction of the Tsing Ma bridge, the first of two cable-supported bridges of
      304 words
  • Page 8 Advertisements
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      Page 8 Advertisements Column 1
      432 8 I Straits Steamship Land Limited I (Incorporated in the Republic of Singapore) The Directors advise the following unaudited results of the Group and the H Company for the six months ended 30 June 1991: H I Half Year to 30 June I COMPANY GROUP 1991 1990 1991 1990 $'000 $'000
      432 words
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      Page 8 Advertisements Column 2
      292 8 Tourists yet to return to Europe, Pg 25 B HONGKONG 1 jg DESIGNER OFFICE FURNITURE M I AVAILABLE IMMEDIATELY ft 824 SF nett in good location close to MTR, banks, post office, IHB laundry, supermarket and shops, for immediate take-over. Furniture and equipment include Partitions Built-in- cupboards All lighting Carpeting
      292 words
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  • THE WORLD
    • Article, Illustration
      Lock icon Trade experts doubt value of MFN status to Moscow
      505 9 FT WASHINGTON President George Bush's widely expected concession on Most Favoured Nation (MFN) status for the Soviet Union on Tuesday was the first summit dividend for President Mikhail Gorbachev. However, trade analysts have doubts about the value to the Soviet Union
      FT  -  505 words
    • Article
      Lock icon US wages outpace inflation, housing market rebounds
      246 9 AP WASHINGTON Americans' wages and salaries rose at an annual rate of 4.1 per cent over the last three months as paychecks grew faster than inflation for the second straight quarter, the government said on Tuesday. It was the first time since 1986
      AP  -  246 words
    • Article
      Lock icon Germany can cope with tighter policies: analysts
      434 9 Reuter FRANKFURT High German interest rates are squeezing the country's housing sector and capital markets but the economy can probably cope with even tighter policies. Analysts say an inevitable economic slowdown in the second half of 1991 will not be exacerbated by the
      Reuter  -  434 words
    • Article
      Lock icon World business outlook improving, says survey
      211 9 Reuter LONDON World business is slowly emerging from recession, with Japanese companies particularly optimistic over their domestic sales outlook, said a survey carried out by London-based Financial Times Television (FITV). Out of 151 top executives interviewed in the European Community, the US and Japan,
      Reuter  -  211 words
    • Article
      Lock icon Moscow, Tokyo may form panel to convert military plants
      240 9 Reuter TOKYO Moscow and Tokyo may set up a joint panel of experts to help convert Soviet factories to nonmilitary industries. Ministry of International Trade and Industry (Miti) officials said on Tuesday. "We will work on a Soviet proposal to form
      Reuter  -  240 words
    • WORLD WATCH
      • Article
        CBI survey confirms UK still in recession
        71 9 LONDON Britain's economy is still firmly in the grip of a deep recession, the Confederation of British Industry (CBI) said on Tuesday. Business confidence, demand and output were still declining and more job losses were expected, the nation's main employers' organisation added in
        71 words
      • Article
        Cresson has eyes on S Korea
        69 9 SEOUL French Premier Edith Cresson believes South Korea could become France's ideal economic partner for the 21st century, and that the two countries should cooperate in a futuristic project to link Asia with Europe with a high-speed train system. She said that France was
        69 words
      • Article
        French economy not growing
        73 9 PARIS French Finance Minister Pierre Beregovoy said that growth in the economy in the second quarter would probably be no better than in the first quarter, when it was zero. "There was nil growth in the first quarter and very probably in the second quarter too."
        73 words
      • Article
        Orders for German goods fall
        89 9 FRANKFURT Orders for mechanical engineering goods, the mainstay of the Germany economy, fell 6 per cent in June compared with June 1990 because of a dramatic fall in demand from abroad, the industry said on Tuesday. Export orders fell 20 per cent in June, although
        89 words
      • Article
        S Korea to invest in Venezuela
        95 9 SEOUL The Venezuelan government has given its approval to a group of South Korean investors to build a US$l.3 billion (552.7 billion) aluminium smeltery in the South American country, Venezuelan Embassy officials said here on Tuesday. The plant, which can produce 169,000 tonnes of
        95 words
      • Article
        Brazil to free savings accounts
        77 9 SAO PAULO Brazil, which last year froze the equivalent of US$BO billion (Ssl4o billion) in savings accounts as part of its battle against inflation, on Tuesday said it would start releasing the funds in August, a month ahead of schedule. Economy Minister Marcilio Marques Moreira
        77 words
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Page thumbnail Page 10
  • Article
    Shares for tender
    485 10 EDITORIAL IT IS a great leap forward for the stockmarket. Two days ago the Stock Exchange of Singapore (SES) announced new guidelines regarding public listings of shares. First, the guidelines will give Singapore companies the option to structure their share offerings around a "Dutch-style" tender system. Second,
    485 words
  • WHAT THE OTHERS SAY
    • Article
      Retain the critical values
      200 10 RECENT events have confirmed what every thinking Singaporean has suspected for the past decade that a divide opening up in Singapore society is not between the haves and the have-nots but between the Chinese-educated and the rest. This gulf has to be bridged now. What is
      200 words
    • Article
      Still not enough
      99 10 THE MALAYS have made some considerable progress based on figures from the recent 1991 Population Census. Generally, they have done well in terms of home ownership and acquisition of consumer durables. But this achievement should not make them complacent. They are still far behind the Chinese and
      99 words
    • Article
      Middle-class problems
      194 10 AT THE Institute of Policy Studies forum last week, Dr Tan Kong Yam, vice-dean of the Faculty of Business Administration at the National University of Singapore, raised the issue of a middle-class squeeze which affects about 20 per cent of Singaporeans. He also warned that in future the
      194 words
  • REGIONAL VIEWPOINTS
    • Article
      A more open attitude
      242 10 THE MCA is to be lauded for its own vision for the Malaysian Chinese community that is on the same path as Datuk Seri Dr Mahathir's 2020 vision for Malaysia. As enunciated by Datuk Seri Dr Ling Liong Sik, the MCA vision sees, among other things,
      242 words
    • Article
      Chance for political reform
      153 10 JUST OVER half of the eligible voters in Hongkong have registered to cast ballots in September. Opinion polls have to date indicated that about 53 per cent or roughly one million electors will exercise their franchise. The figure, while surpassing any previous turnout, can be bolstered
      153 words
    • Article
      Expand relations
      135 10 DESPITE Korea's economic woes, there appears to be little reason for gloom. Gross national product is still reported to be growing at a healthy 8-to-9 per cent a year and certain sectors of the economy are buoyant, due to an increased domestic demand. In addition, many observers seem
      135 words
  • Article, Illustration
    Waking up in the land of dreams
    1006 10  -  The Australian government recently scrapped its much-abused and controversial business migration programme. Many businessmen had seen it coming, reports S N Vasuki who was in Perth before news of the scrapping was announced S N Vasuki IT WAS a question of time before
    1,006 words
  • Page 10 Advertisements
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      Page 10 Advertisements Column 1
      106 10 FOR SUCCESSFUL MANAGEMENf OF YOUR BUSINESS Stories on labour and its relationship with 1 J I management, management concepts in practice, (v I S) profiles of leading managers in Singapore and V relevant book reviews. r~*\ ENTERPRISE MANAGEMENT, in Business Times every Monday, is must reading for I•. managers who
      106 words
  • Page 10 Miscellaneous
    • Miscellaneous
      Page 10 Miscellaneous Column 1
      46 10 DOONESBURY BY GARRY TRUDEAU II rULWUVOU.MAN. IQOT V RAY, IT HAPPENS HCLL, I SCMZS&IOUSANetKTO TT HAPP6NEP TO ON f RAY/ nrr-nrr P6ALUXTH NOW. S&VOUS! THBLO/£BOAT. XXJTHINK H IPON7 CHILI, A iBAR IN THeCZSeFT, SOMETHING'S SOUP, THAT mfll P&- i OUCW, 7,CK AW NOW THIS! CH L^'
      46 words
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  • ANALYSIS
    • Article
      Lock icon US moving towards an industrial policy
      857 11  -  Dozens of federal and state programmes are helping US manufacturers to fight off foreign competition. John Holusha reports John Holusha NYT DESPITE the Bush Administration's opposition to a large-scale federal effort, the United States is adopting an industrial policy piece by piece as a
      NYT  -  857 words
    • Article, Illustration
      From Equiticorp to Equiticorpse
      1447 11  -  The Equiticorp group had a brief and spectacular life. When it collapsed in January 1988, it was doing business with 80 banks worldwide and had run up debts of some NZ$5.6 billion. Selwyn Parker reports from Auckland Selwyn Parker The writer is an Auckland-based journalist who
      1,447 words
    • Article
      Lock icon Reconsidering the basis of Japan's politics
      803 11  -  Ensei Kanke discusses Japan's attempts at defining its role in a New World Order Ensei Kanke Asahi News Service Looking back at the London summit of the seven leading industrial democracies from the Japanese viewpoint, two results are especially noteworthy. First, the summit leaders
      Asahi News Service  -  803 words
  • Page 11 Advertisements
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      Page 11 Advertisements Column 1
      85 11 This announcement appears as a matter of record only. □REfl INTERNmiGNPL MERCHANT BRNK US$ 30,000,000 Negotiable Floating Rate Certificate* of Deposit due August *****4 Arrangers and Lead Managers KDB International (Singapore) Limited Arab Banking Corporation (8.5.C.), Singapore Branch Bayerlache Landesbank Glrozentrale, Singapore Branch Managers CIC-Union Europeenne, International et Cie, Singapore
      85 words
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  • ADVERTISING AND MARKETING
    • Article
      The changing face of banking
      731 12  -  Increasing competition and the changing needs of the customer mean that banks have had to adapt to suit the times. Dawn Tan finds out what they have done to meet the challenge. Dawn Tan 'WHAT do customers 19 really need branches for any more?" asks
      731 words
    • Article, Illustration
      Services galore from ATMs
      582 12 THEY have come quite a way from being mere cash dispensers. Today you are likely to be greeted by colour graphics and cartoon animation at the local Automated Teller Machines (ATM) while you make a deposit, apply for a cashier's order and perhaps even take a
      582 words
    • Article, Illustration
      S'pore fashion designers eye overseas markets
      463 12  -  By Sangeeta Mulchand HAVING made good at home, local fashion designers are now setting their sights on the international marketplace. Their strategy is to appeal to the overseas markets with styles that exude character, charm, a certain East-West flavour and a young-at-heart feel. Self-taught
      463 words
    • Article, Illustration
      Knocking off some spots in bus ad
      67 12 FROM TODAY, 10 polka dotted SBS buses will take to the streets with a campaign to sell Hewlett Packard's LaserJet printers. Each bus carries the slogan "HP LaserJet printers knock the spots off the other printers" on its side, and a comparison of
      67 words
    • Article
      COPY LINES
      199 12 JIM AITCHISON and Norman Alcuri will be stepping into rather large shoes from today when they take over as joint creative directors of The Ball Partnership. They replace creative guru Neil French who is leaving the agency to pursue a full-time career in film direction. CHUO SENKO Singapore
      199 words
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  • SPORTS
    • Article, Illustration
      Lock icon Couples sinks US$100.000 putt
      317 13 Scandinavian Masters Skins Game AP STOCKHOLM Fred Couples, who had to beat Corey Pavin in a playoff to qualify for the final six holes, sank a US$lOO,OOO birdie putt on the 17th hole on Tuesday to win the Scandinavian Masters Skins Game. The American, who collected
      AP  -  317 words
    • Article
      Lock icon Norwegian striker who's a chess grandmaster
      315 13 Reuter OSLO Simen Agdestein must be one of the world's most bizarrely gifted sportsmen a soccer-playing chess grandmaster. The striker, capped six times by Norway, held former world champion Anatoly Karpov to a 2-2 draw this month. Agdestein, with Norwegian first division side Lyn,
      Reuter  -  315 words
    • SIDE LINES
      • Article
        Chang beats Pernfors in Volvo tournament
        107 13 LOS ANGELES Number 3 seed Michael Chang survived two match points and held on to defeat Mikael Pernfors of Sweden 2-6, 6-1, 7-6 (7-0) on Tuesday in the first round of the Volvo tennis tournament. Second-seeded Pete Sampras had an easier time, beating Gilad
        107 words
      • Article
        Seles makes forceful return
        89 13 CARLSBAD, California Top-ranked Monica Seles made a forceful return to women's tennis on Tuesday night, beating Pam Shriver 6-2, 6-2 in the second round of the U*****,000 Mazda Classic. Seles, who had competed only in an exhibition tournament since bypassing Wimbledon because of a sore leg,
        89 words
      • Article
        Hero's welcome for Indurain
        100 13 VILLAVA, Spain Church bells pealed and thousands cheered on Tuesday as Tour de France winner Miguel Indurain came home to a hero's welcome. Indurain, 27, was the fourth and youngest Spaniard to win the annual French cycling classic Sunday in Paris. The crowd applauded and the
        100 words
      • Article
        Twin girls for Lendls
        73 13 NEW YORK Twin girls were born to Ivan Lendl and his wife, Samantha, on Monday, a spokeswoman for the former world number one tennis player said on Tuesday. The girls Isabelle Anita and Caroline Elizabeth and their mother were doing well in hospital in Greenwich, Connecticut,
        73 words
      • Article
        Holmes, Smith on separate cards
        116 13 NEW YORK Larry Holmes and James "Bonecrusher" Smith, both former heavyweight champions, will fight on separate cards in the first two weeks of August. The 10-round fights were announced on Tuesday. The 41-year-old Holmes, a heavyweight champion from 1978 until 1985, will fight Eddie Gonzales
        116 words
    • Article
      Lock icon Aouita faces challenge from his countrymen
      367 13 Reuter IFRANE, Morocco Said Aouita need look no further than his own countrymen for his world championship challengers. A pack of the Moroccan quadruple world record-hold-er's younger rivals all have their eyes on the 1,500 and 5,000 metres crowns in Tokyo next month. As
      Reuter  -  367 words
  • Page 13 Advertisements
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  • Page 14 Advertisements
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      Page 14 Advertisements Column 1
      212 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE j Dessert on the House J I Any item you order from our ala cartc menu (beverages and I desserts excluded) entitles you to complimentary local and U I Nonya desserts from 6.00pm to
      212 words
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      Page 14 Advertisements Column 2
      220 14 A SBMttUNG APPEARS TONIGHT ABOVT scons whd W» me With its spcctacular glass frontage, the <ji*>p> Bar lis the ulcal place to see the stars It's also\Singapofe's newest and most exclusive rendezvous. The Canopy Bar, upstairs at the Hyatt high tea buffet y 3.00 pm to 6.00 pm daily $12.50++
      220 words
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      Page 14 Advertisements Column 3
      365 14 Cafe Plaza t— 3? Auqutt nto wholesome hawker fare and m \Sg§\ y I indulge in local r-t -i. dishes like Nasi Padang, Bak Rut Teh Qv/«% jg and Rojak, plus a ran^e tem P t n 9 1 -7 Adu,t: (lunch) j $18f+ (dinner) Chlld: 10f+ < lunch dinner)
      365 words
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      Page 14 Advertisements Column 4
      234 14 «*ZV>/i *Zv (ow Catc ir arcjots With over 60 traditional specialities at our extrava- pi gant French buffet, better make your move before it sj passes you by. We serve the world to you at The Belvedere. j French Buffet Lunch Noon 2.30 pm Adult: $36+ Child below 10: $18
      234 words
  • Page 14 Miscellaneous
    • Miscellaneous
      Page 14 Miscellaneous Column 1
      643 14 TELEVISION AND RADIO j tJO HMrica'i Funniest Home VI- 7.00 CaMo Nop NotwortL BUSINESSCWRADK) 1 1 A i/v«4 SBCI2 (toot (Variety) 7.27 Maglir* Prayer Cat Cxator capers sstit^- W! "Mawr--8.00 Close. Call The Whole Thing Off MO News (M). 7.10 a«, 9.25 am, 1.30pm, ■■VfffWfffVMHl v 4*4flMHk* .Jm 7.00 PM
      643 words
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  • LIFESTYLE
    • Article, Illustration
      Lock icon Creatures big and small, they're all lazy
      581 15  -  Field biologists engaged in a new specialty known as time budget analysis are discovering that most creatures spend most of their time doing nothing much at all. Natalie Angier reports. Natalie Angier NYT IN THESE languid midsummer days, people who feel the urge
      NYT  -  581 words
    • Article
      Rain fails to deter fans of Pavarotti
      222 15 CHATTERBOX MORE THAN 100,000 opera lovers braved a steady downpour on Tuesday to hear Luciano Pavarotti mark the 30th anniversary of his career in a free Hyde Park concert that comfortably beat the previous attendance record. Police, who initially estimated the crowd at
      222 words
  • Page 15 Advertisements
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      Page 15 Advertisements Column 1
      254 15 AND ENTERTAIN 1 Lunch in a Flash! A carvery and salad buffet lunch featuring the best of cuisines everyday from different countries. Available at the Cafe-in-the-Park. From 12 noon to 2.30 pm Mondays to Fridays only. Price: $18.50++ per person. V Monday Western Delights Tuesday Chinese Savouries Wednesday Malay Temptations
      254 words
    • Advertisement
      Page 15 Advertisements Column 2
      259 15 Northpoint. A small step for shoppers. A giant leap for retailers. ■Pr r I I -TKJ p»p»| lM- 4"lliilTlu damm\ I' 1 M li>» T *#7*-' it ■< —TjBHKHHB9BEBSH£S^^ y V —l nzm In October 1992. an exciting adjacent to a 2.600 seat multiplex "YISMUN CENTRAL wooajwsawnw^L^eUwNO 'C and profitable
      259 words
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  • STOCK EXCHANGE OF SINGAPORE 1
    • Article, Illustration
      Gains by Dow, Nikkei fail to move market
      877 16  -  By Quak Hiang Whai SHARE priccs ended slightly lower yesterday despite impressive rallies on the overseas markets. The Straits Times Industrials Index closed 3.41 points lower at 1,482.86 despite its encouraging start. It had gained 3.42 points in the opening half hour.
      877 words
    • Article
      Untitled
      4050 16 Grt Grt 1991 Td Last Vol Day Last Quote Di» Dh Yli Nd M Cap High Low Code Company Sale +or- C000) High Low Bayer Seller O P/E Sail INDUSTRIAL COMMERCIAL 285 162 1000 Acma 231 +1 18 231 229 229 231 I0.0N 1.5 4.3 15.3 141.6 255 200 1142
      4,050 words
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  • Article
    STOCK EXCHANGE OF SINGAPORE 2
    4040 17 Main Board OCBC Foreign 1070 20 +1.9% S Land Wrts 260 20 8.3% DBS Foreign 1340 +10 +0.8% DBS Foreign A 1300 +10 +0.8% DBS 1220 +10 0.8% Asia Pacific 1060 +10 +1.0% SPH 890 +10 +1.1% UOB Foreign 720 +10 +1.4% FELS 30* 710
    4,040 words
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  • BT SHARE INFORMATION SERVICE
    • Article
      AUDITED RESULTS
      258 18 C—fwy Ml Yaar Qraaf Mat Net Saratoga Grass aaa ta praM/lass (L) par stars <MdaM ('HO) (carts) SumiM In* Jul 29 Mar 91 $3.435($3,202L) 2 3(—) Golden Hop* Jul II Mar 91 M$39,619($59,793) 4.7(7.1) 6(9) Asia Pat Land Jul IS Jan 91 M$12,300($6,501l) 2.3(-) 2(—) Trammarto Jul It
      258 words
    • Article
      PRELIMINARY RESULTS
      237 18 CMpMjr Data Yaar Giaap pre-tax Nat aaraiags Crass aaa t» pr«(lt/lass (L) par share dividend (*900) (ctntf) Rahsd Hussam Jul 24 May 91 M$68,223($30.105) 24 9(194a) 5(4 5a) Kamrtb* Corpn JiJ 19 Mar 91 M$21.011 ($15,410) 1.1(1.0) 15(1) Pita* BM Jul 19 Mar 91 M$22.583($14.247) 6.8(4.9a) 10(7 5a)
      237 words
    • Article
      INTERIM RESULTS
      290 18 CMptay Ma HaM yar (mp pre-tax latortoi aaa to prafft/lMS (L) dividend (•MO) Steamn Jul 30 Jun 91 $5,323(15,683) 6 Lumber Jul 29 Jun 91 M$25,284($21,163) 5(-) Semb Maritime Jul 29 Jun 91 $7,146(911.267) -(5) SHP Jul 27 Jun 91 $1,478(12,471) Public Bank Jul 26 Jun 91 M$80,685($55,562)
      290 words
    • Article
      CORPORATE DEVELOPMENTS
      959 18 Mil Partway HeMngs and Mm Hm| Corporation have invested S39m in a residential property in London's Chelsea area. Trans-Wand Bus Services (Tto) has received the High Court's approval for the restructuring plan to put the company together with its subsidiary and associated companies under a new investment holding
      959 words
    • Article
      DIVIDENDS ANNOUNCED
      599 18 Currant Ex Ma Tebd tar TeUI fw AMFP NYA(e) Jun 19 Jul 4 Aug 15 NYA 2 8« Mn tMgs SOc 6%(b) Sep 4 Sep 16 Sep 30 6% 6% Aw Px Id 50c 2%(b> Jul 18 Ai« 1 Aug 30 2% Avm 20c 5%TE(I) Oct 14 Oct
      599 words
    • Article
      WARRANTS: PREMIUMS AND GEARING
      927 18 Ericas as at 31.07.S1 Coavarstaa terms Prsmiaay Expiry Amount Ofrtioual** iimcd Campaay (mil Wrts Slur* Loan Com Eur Inst* Cash Cask. Lmn Gaariaf Data Mtfcs units) stock ratio prica nom Stk Loft vahm > S Burw.ll 1152 0 235 0 730 1 00 1 00 69
      927 words
    • Article
      RESULTS DUE
      383 18 Main Bmt4 Last FnI Year Cewpeny ParM Date V«r Nat EPS freaa Nat OTMncad endkig (c«t>) *r prett w r«* (TWO) Cental W(nm Apr 27 Jul 91 12.6 20.0TC(i) 38.911 5P" Were" Hhy 4 Dk 91 12.6 10.0 44.641(f) Jmag 3* Interim Jul 27 Oac 91 50 4
      383 words
    • Article
      APPROVED ISSUES
      349 18 Company Rights Issue Mean One-tor two MS1.00 per start Issue of 40m Cumulative (tedeematole Pi eta ante Shares (CRPS) of MJ0.10 each at MSI per stare mUi 10m detactaMe TSR on the bass of 1 CIVS w* 1 TSR tar every 4 CRPS. Ei-date Jun 7 Books dose:
      349 words
    • Article
      PROPOSED ISSUES
      516 18 Company Rights Issue Ma Pat Land One-tor-two fe WO 65 per stare Ntanca Tech One-tor-one $100 per dure Botai Issue of $90 978m nonwal amount of 351 Redeemable Unsecured Guaranteed Bonds 1991/96 with 45 489m detachable warrants on the bass of S2 nonwal amount of Bonds lor every
      516 words
    • Article
      BONDS, LOANS & WARRANTS
      747 18 BONDS, LOANS WARRANTS C—ip—y Ciwn ilu pgtpj c—wntaw tar» fcr w acdtaary +an &nfl Wt Before 30/6/94 1 warrant plus mjl.00 cash. CM Wl Before 26/4/93 1 warrant plus $3.09 cash CwMwty LflM Causeway Wt 2/10/89 to 20/10/94 1 warrant plus $0 77 cash or 1 warrant plus $0 7?
      747 words
    • Article
      COMPANY MEETINGS
      281 18 Inter-Pacific Industrie Group Bhd: EGM at Bukrt Kiara International Equestrian and Country Resort Jalan Bukit Kiara, Off Jalan Damansara, ***** Kuala Lumpur on Friday, Aug 2, at 10am. Bcrjaya Corpn (II) Bhd: EGM at Bukit Kiara International Equestrian and Country Resort Jalan Bukit Kiara, Off Jalan Damansara, *****
      281 words
    • Article
      RECORD HIGHS & LOWS
      175 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 N* 1333.08 (3/6/91) J"} J* 15*51 (3**1) 1991 ton: 1022 52 (16/1/91) J* »J9« 1990 t*t 1435.43 (16/7/90) J* J* «07-g 1990 km 981.07 (09/11/90) 1990 taw 1079.50 (11/10/90) 1989 l*t 1322.00 (28/12/89) }»Jjf [Jg-jJ 1989 tmr 917.42 (4/1/89) 1*®
      175 words
  • Page 18 Advertisements
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  • KUALA LUMPUR STOCK EXCHANGE
    • Article, Illustration
      Lock icon Prices close broadly lower in light trading
      890 19 Bernama SHARE PRICES closed mostly lower in tight trading yesterday as investors awaited fresh leads but some blue chips and second liners managed to post gains. The KLSE Composite Index inched up 0.26 of a point to close at 602.32 while the Industrial
      Bernama  -  890 words
    • Article
      Untitled
      3355 19 1991 Ijut Vol Day Net Cap High Low Company Sale •ooo High liW P/E Smil INDUSTRIALS 245 165 AISB 50* 207 -6 50 213 206 50.5 212.3 560 310 ASM 50* 474 -6 386 484 474 42.3 1946.4 600 280 Acidchem 525 -10 16 535 525 225.7 685 192 Ajinomoto
      3,355 words
  • Page 19 Advertisements
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      Page 19 Advertisements Column 1
      545 19 BUSINESS TIMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 tan CHUAN HUP HOLDINGS LIMITED 5577,284,750 Unsecured Floating Rate Notes due 1994 with transferable subscription rights to subscribe for new ordinary shares of $1 each in the capital of Chuan Hup Holdings Limited Pursuant to Condition 3(e) of the Conditions of
      545 words
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  • TOKYO STOCK EXCHANGE
    • Article, Illustration
      Lock icon Stocks close firmer on futures strength
      2187 20 Reuter TOKYO STOCKS closed firmer yesterday, and the Nikkei Average ended above 24,000 points for the first time since July 1. Wall Street's overnight jump and hopes that the brokerage scandal's worst was over boosted sentiment, but brokers said the rally was futures-led and
      Reuter  -  2,187 words
  • STOCK EXCHANGE OF HONGKONG
    • Article, Illustration
      Lock icon Afternoon rally pushes index above 4,000 mark
      1883 20 AP SHARE PRICES rebounded on the local stock market yesterday on strong buying sentiment. The Hang Seng Index, the market's key indicator of blue chips, gained 17.75 points, closing at 4,009.58. Turnover amounted to HK$ 1.406 billion, up from Tuesday's HK$ 1.366 billion.
      AP  -  1,883 words
  • Page 20 Advertisements
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      Page 20 Advertisements Column 1
      29 20 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Telerate Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
      29 words
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  • REGIONAL STOCK MARKETS
    • Seoul stocks plunge in selling frenzy
      • Article
        SEOUL
        847 21 A LATE selling spree reversed morning gains and Seoul stocks staged a correction after four days of sharp gains, brokers said. "Stocks nose-dived due to a selling frenzy started by institutional investors," Dongsuh Securities broker Chung Chang Shik said. Other brokers said the Finance Ministry had requested securities houses
        847 words
      • Article
        AUSTRALIA
        889 21 THE Australian share market rebounded off early falls to close slightly lower amid confused trading yesterday. "We had expected the market to rise by 10 points nobody expected it to fall like that, and no-one's too sure why," one broker said. But by the close, the All Ordinaries Index
        889 words
      • Article
        BANGKOK
        769 21 SHORT-TERM investors sold heavily in Thailand yesterday after they saw that the index could not hold at 735, sending stock prices plunging across the board, brokers said. The SET index lost 15.25 points to 728.70 on a turnover of 4.32 billion baht. Most blue chips ended lower. Siam Cement
        769 words
      • Article
        MANILA
        528 21 PHILIPPINE shares closed easier yesterday on lack of market-moving news, brokers said. The Manila Stock Exchange composite index finished 4.57 lower at 1,017.15. "At one point, it looked like trading was going to pick up, but because there's really no good news to sustain it. the market ended where
        528 words
      • Article
        NEW ZEALAND
        254 21 NEW ZEALAND shares ended higher yesterday but on drastically reduced turnover as brokers pondered the budget and its ramifications. The NZSE-40 Capital Index ended about 9.7 points higher 1,473.1 after Tuesday night's special budget session. "Everyone is sitting around waiting for for everyone else to move. What we
        254 words
      • Article
        TAIPEI
        479 21 TAIPEI share prices reversed early gains to finish slightly lower across the board yesterday as the 5,300-point resistance level deterred cautious investors from further buying, brokers said. The weighted index fell 49.77 points to close at 5,178.06 compared with Tuesday's 5,227.83 finish. Turnover was a moderate N5529.9 billion against
        479 words
      • Article
        Untitled
        964 21 Close Previous July 31 AUSTRALIA All Ordinaries Index 1,572.4 1,574.2 -1.8 All Industrials Index 2,395.4 2,397.1 -1.7 All Resources Index 939.2. 941.0 -1.8. Turnover (million) 116.5 96.7 +19.8 BANGKOK SET Index 728.70 743.95 -15.25 Turnover (million baht) 4.32 5.02 -0.7 JAKARTA Composite Index NA 337.430 MANILA Composite Index 1.017.15 1,021.72
        964 words
  • Page 21 Advertisements
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      Page 21 Advertisements Column 1
      29 21 The Jakarta and Bombay reports were not available! All prices are provided by Telerate Read Chartpoint, a guide to investing in the stock market. Every Saturday in Business Times.
      29 words
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  • WORLD STOCK MARKETS
    • Moscow summit gives Wall St a fillip
      • Article, Illustration
        NEW YORK
        1265 22 STOCK PRICES surged in a spirited rally on Tuesday on the New York Stock Exchange, ignited by optimism over the Moscow summit. The Dow Jones Industrial Average, which gained 12.74 points on Monday, surged 31.08 to 3,016.32 just 19 points shy its all-time closing high of 3,035.33 set
        1,265 words
      • Article, Illustration
        LONDON
        915 22 LONDON share prices closed mixed on Tuesday, but at a new record level on the FTSE 100 shares index, ending 0.6 points up at 2,595.6. The previous closing high was achieved on Monday. Late in the session, weakness in the futures market and declines in water shares, amid speculation
        915 words
      • Article
        FRANKFURT
        200 22 GERMAN shares climbed 0.6 per cent in quiet trading on Tuesday, boosted by modest gains on Wall Street and Tokyo. The 30-share DAX Index rose 9.36 points to 1,614.93. That was just off its intraday peak of 1,617.28. Traders said small buying orders from domestic and foreign participants had
        200 words
      • Article
        PARIS
        163 22 PARIS shares ended a touch lower on Tuesday after a downbeat comment on French economic growth by Finance Minister Pierre Beregovoy further undermined a market already in the doldrums, traders said. The minister said that growth in the second quarter would probably be no better than in the first
        163 words
      • Article
        AMSTERDAM
        302 22 DUTCH shares ended a dull Tuesday session mixed with price movements limited in most cases and dealers complaining about the dearth of orders. "You come in sit down and wait for the market to close," one senior equities salesman said of his working day. The CBS Tendency Index closed
        302 words
      • Article
        ZURICH
        232 22 SWISS shares ended a dull session on Tuesday slightly firmer but traders said volume was very low as the market lacked fresh news. The All-Share SPI Index, which had moved in a very narrow range, closed 2.7 points higher at 1,120.2. The SMI index of leading shares rose 4.1
        232 words
      • Article
        JOHANNESBURG
        350 22 GOLD shares were under pressure at on Tuesday as world bullion prices slid towards US$36l an ounce, having shed almost all of Monday's sharp currencyrelated gains, dealers said. The market rallied strongly on Monday following a steep plunge in the financial rand, but the foreign investment currency has since
        350 words
      • Article
        MILAN
        190 22 ITALIAN shares closed modestly higher on Tuesday after a late rally in banking stocks provided a light boost to the market as a whole. Blue chips like Fiat and Generali also gained ground during the latter half of the session, dealers said. But the market continued to be very
        190 words
      • Article
        BRUSSELS
        139 22 BELGIAN shares opened virtually unchanged on Tuesday in thin summer trade with investors shunning the market following the announcement of budget measures which could boost company tax payments and in the absence of news to influence the market. At 0835 GMT, the Bel 20 index was virtually unchanged at
        139 words
      • Article
        TORONTO
        266 22 TORONTO stocks on Tuesday dosed a sluggish session at the day's peak with moderate gains stemming from investors grabbing cyclical shares, dealers said. Strength from Wall Street, bolstered by program buying and a strong move over the 3,000 mark, also added support. Blue chip stocks found favour among investors
        266 words
      • Article
        STOCKHOLM
        100 22 PRICES on the Stockholm bourse continued to recover after a long decline, strengthened by foreign gains and moderate advances for Ericsson and As- tra shares in substantial volume. The bourse all-share index closed 0.22 per cent higher at 1,100.50. Overall turnover was light at 260 million crowns. "The rise
        100 words
      • Article
        Untitled
        123 22 July 30 Close Previous NEW YORK Dow Jones 3,016.32 2.985.24 +31.08 NYSE Financial 153.49 152.54 +0.95 SAP 500 386.69. 383.15 3.54 Turnover (million) 169.09 135.2 +33.89 LONDON Financial Times 30 2.011.8 2.011.3 +0.5 FTSE 100 2,595.6 2,595.0 +0.6 Turnover (million) 505.4 527.2 4 -21.8 FRANKFURT DAX Index 1,614.93 1,605.57 +9.36
        123 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 closes lower against mark in thin Tokyo trade
      1164 23 REPORTS THE DOLLAR closed lower against the mark and slightly easier against the yen in thin trade in Tokyo yesterday. Overseas speculators mainly bought the mark against the dollar and the yen after Bundesbank president-designate Helmut Schlesinger suggested in a newspaper
      1,164 words
    • Article
      INTERBANK FOREX RATES
      388 23 Cross rates July 31 USS SS MS Dm Yen SFr AS NZS USS 1.7485 2.7885 1.7530 137.80 0.5961 1.5305 1.2870 1.7498 SS 0.5719 1.5948 1.0026 0.7881 0.3409 0.8753 0.7361 1.0007 MS 0.3586 62.70 0.6287 0.4942 0.2138 0.5489 0.4615 0.6275 Dm 0.5705 0.9974 1.5907 78.61 0.3401 0.8731 0.7342
      388 words
    • Article
      MONEY MARKET
      527 23 Interbank rates SS Bid Offer Overnight 4 3/4 5 1-month 5 9/16 5 11/16 2-month 5 9/16 5 11/16 3-month 5 9/16 5 11/16 Overnight mode. 5 LSS Bid Offer 7 days 5 13/16 5 15/16 1 month 5 7/8 6 2 months 5 15/16 6 1/16 3
      527 words
    • Article
      Lock icon Japanese money market eyes forward-date settlement
      146 23 Reuter TOKYO Short-term money market participants in Japan are considering introducing forward-date settlement in unsecured call money trading, officials at financial institutions say. "The measure would help stabilise daily demand/supply of funds and also make domestic funds and Euroyen more compatible, which will allow
      Reuter  -  146 words
    • Article
      Quotation of Singapore Government Stocks as at Jul 31,1991
      344 23 Interest Mi i ■■ili wumopr l n rllr alhie IrKJrCSTiVO Gross Maturity Year wfrm Amount payment of days of mKXM price /AvrluHlnfl redemption raised <%»»> accrued yield dataa Interest accrued n la inifrwi/ t%P* 1.9.91 N*****1F 1989 4 5/8# 700.00 1/9
      344 words
    • Article
      FINANCIAL FUTURES
      1164 23 51m La Eiwoooujm Open High Low Sett Est Vol Op/Int Vol Sep 91 93.84 9184 9183 9183 1899 ***** 5193 Dec 91 93.34 93.35 93.32 93.35 2102 ***** 5173 Mar 92 93.31 93.31 93.28 93.31 1600 ***** 1576 Jun 92 92.85 92.88 92.85 92.87 300 2417 588 Sep
      1,164 words
  • Page 23 Advertisements
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  • COMMODITIES
    • Article
      Lock icon Silver deficit of 100m ounces seen
      398 24 Reuter CREUR d'ALENE, Idaho World silver demand is likely to outpace supply by more than 100 million ounces this year, says an American precious metals consultant. Jeffrey Nichols, president of American Precious Metals Advisors, said the silver market had been in deficit for the
      Reuter  -  398 words
    • Article
      Lock icon Oil market calmer after past year's dramas
      338 24 Reuter LONDON The oil market is heading into a period of relative stability, in sharp contrast to the past 12 months when the Gulf crisis caused prices to fluctuate dramatically, industry analysts say. They expect benchmark Brent Blend crude to edge up to
      Reuter  -  338 words
    • Article
      Tin closes unchanged on small offerings in KL
      827 24 REPORTS THE PRICE of tin closed unchanged at MS 15.46 per kg on the Kuala Lumpur Tin Market yesterday despite the easier trend on the London Metal Exchange. Dealers said the LME was down by US$25 per tonne on some selling and
      827 words
  • Article
    PRICES
    1365 24 Rubber My 31 ■M(fc»ln>1w> S cents/kg Noon Close IntlRSS Prompt 140.75/141.75N I4IOVI42.00N Inl I RSS Aug 91 I4I.7VI42.25 142.00/142 50 Int I RSS Sep 143.50/144.00 143.7VI44.2S Int 2 RSS OP I41.00/I43.00N 141.00/143.00N Int 3 RSS OP 139.00/141.00N 139 00/141 .OON Int 4 RSS OP 134.50/136.50N 134.50/136.50N Int 5 RSS
    1,365 words
  • Page 24 Advertisements
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      Page 24 Advertisements Column 1
      727 24 BUSINESS times TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 THE COMPANIES ACT, CHAPTER 50 Section 290(2)(b) NOTICE OF RESOLUTION L.I.S. PRIVATE LIMITED (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of L.I.S. Private Limited held at 6 Battery Road. #32-00, Singapore 0104 on the 23rd day of July 1991. the following special
      727 words
    • Advertisement
      Page 24 Advertisements Column 2
      397 24 THE COMPANIES ACT. CHAPTER 50 Section 290<2)(b) NOTICE OF RESOLUTION SOUTHSTATE INSURANCE PTE LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of SOUTHSTATE INSURANCE PTE LTD held at 510, Thomson Road. #07-01. SLF Complex. Singapore 1129 on the 2Sth day of July 1991, the following special resolutions were
      397 words
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      Page 24 Advertisements Column 3
      5 24 Chartpoint in BT every Saturday
      5 words
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  • Article
    AIRCRAFT ARRIVALS AND DEPARTURES
    1065 25 CKy FNfkt ETA FlgM ETD City Fl«kt EW FlQt ETtt j||l MaM GA887 1245 GA894 2255 fato IQaakaki MH631 1520 MH630 0950 GA975 1300 Kaaia Lanpttr MH601 0120 SQ102 0730 SQ23 0700 KL834 2240 jj 7 0 MJ33 0910 GA894 2340 »«g° Jg °g° »»m SQ26
    1,065 words
  • THE TRAVEL PAGE
    • Article, Illustration
      Tourists yet to return to Europe
      602 25  -  POSTCARD FROM LONDON By Eva Ahlberg The soldiers who fought the Gulf War have mostly packed their bags and gone home. But across Europe hotels, airlines and travel agents are still waiting for international tourists to return. A year after Iraq's invasion of Kuwait,
      602 words
    • Article
      MONEY CHANGER RATES
      152 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.353 1.367 Canadian dollar 1.30 1.S2S NZ dollar 0.986 1.0014 Sterling pound 2.929 2.941 US dollar 1.7440 1.7480 Local dollars to 100 salts of foreign cvrrency Austrian schilling I4.0S 14.27
      152 words
    • Article
      WORLD TRADE EXHIBITIONS
      90 25 Duration Title Venue Organiser Tel Aug 6-9 IV Jewellery Buenos Aires, Rossi Heinlein *****1-9413 International Argentina Asociados SA Exhibition Aug 18-20 International Germany Mode Woche- *****1990 Fashion Fair Munchen GmbH Aug 20-31 Izmir Turkey Izmir Fair *****150 International Organisation Fair Duration Title Venue Organiser Td Aug 21
      90 words
  • Page 25 Advertisements
    • Advertisement
      Page 25 Advertisements Column 1
      34 25 Geneva know when you'll need Finnair for Europe. Because Finnair flies twice-weekly from Singapore to Helsinki then on to over 30 European destinations. Call *****77 for details. We know Kurope from start to Finnish.
      34 words
    • Advertisement
      Page 25 Advertisements Column 2
      78 25 I LIMITED I on the occasion of your official opening I m I CANADIAN IMPERIAL BANK OF COMMERCE 1 CIBC ASIA LIMITED I I 1 Raffles Place, #23-00 OUB Centre, Singapore 0104 H Telex: RS ***** CANIMP CaPle: "CANIMPEAST" Tel: *****23 Fax: *****65 Cmtsiita on the official opening of CEF
      78 words
  • Page 25 Miscellaneous
    • Miscellaneous
      Page 25 Miscellaneous Column 1
      316 25 Bloomers the flfl 8 A very soft skin-cream for I I I I I I I I I the office (11) 11 Composer near to ruin (4) j Address, we through Julius Caesar re- __BH__|BBB__PB^JBBB_mH_ ceived his rents (4) 13 I I I I I j 13 Humiliated, dame has
      316 words
    • Miscellaneous
      Page 25 Miscellaneous Column 2
      197 25 Singapore Outlook: Showers over a few areas in the afternoon. Report Maximum temperature 33.5* C Assoc humidity 58% Minimum temperature 27XTC Assoc humidity 86% Hours of sunshine 9.40 Rainfall in mm Nil Rainfall this month 37.3 Rainy days this month 8 World forecast Asia-Pacific Hi/Lo* Cond. Auckland 15/08 Showers Bangkok..
      197 words
    • Miscellaneous
      Page 25 Miscellaneous Column 3
      49 25 (u>c kmou) fodgj. is I i'd u>ve to (M^rv^ u /i eng I roic f > ON WOUP«y BtffWC FuT m/F€JEr) J 0 1 AT«IFI£.Oi EDGL..J 1 DON'T KNOUJ LiMC.Ce IMP \t>oo* S v —y Qe y 000 uyJG^l AND A 8400 g£LA)L.. J c tvtl<lwo TAt)OAW) ec LTD-, mmw
      49 words
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  • Article
    HK releases report on BCC affair
    532 26  -  Bid to defend govt's handling of crisis amid charges of impropriety From Catherine Ong in HONGKONG IN THE wake of allegations that the Hongkong government and influential people were allowed to withdraw their money from the Bank of Credit and Commerce Hongkong (BCCHK) just
    532 words
  • Article
    Lock icon Indonesia may have to put off major projects, say economists
    406 26 Reuter JAKARTA Indonesia, already forced to slow its racing economy to a more manageable trot, may have to delay billions of dollars in major projects to make sure scarce funds are spent where they are needed most, economists said. "I
    Reuter  -  406 words
  • Article, Illustration
    Surprise audits for Hongkong banks
    431 26  -  From Catherine Ong in HONGKONG HONGKONG'S banking regulators are tightening up their supervision of financial institutions by requiring surprise audits to be carried out on monthly returns to the Banking Commissioner. In a letter to chief executives of banks and deposittaking companies last week, Banking
    431 words
  • Article
    Lock icon Smaller Japan brokerages reveal list
    210 26 Reuter TOKYO Household names such as Hitachi and Toshiba, along with a major Buddhist organisation, were among clients improperly compensated for investment losses by Japanese brokerages, the Japan Securities Dealers Association said yesterday. The association said 13 small and medium-sized brokerages compensated 379 institutions and
    Reuter  -  210 words
  • Article
    Lock icon US leading indicators post fifth straight gain
    138 26 Reuter WASHINGTON The US government's main barometer of future economic performance rose during June for the fifth consecutive month, the Commerce Department said yesterday. The Index of Leading Indicators climbed 0.5 per cent in June after gaining 0.8 per cent in May. The
    Reuter  -  138 words
  • Article, Illustration
    Asia's poor man is down on his knees
    733 26  -  The Bottom Line EVANGELINE GAMBOA EVANGELINE GAMBOA The writer, a BT copy editor, is a Filipino IN THE last two weeks, the earthquake, typhoon, floods and mudflows from the erupting Mount Pinatubo were merely the latest in an incredible string of calamities
    733 words
  • Article
    Lock icon Beijing restricting growth of firms with foreign investment
    397 26 AFP BEIJING The Chinese government is moving to restrict the growth of firms with foreign investment, reversing a reform policy deemed crucial by the International Monetary Fund (IMF), businessmen said yesterday. Strong support for foreign companies in the 1980s was being tempered
    AFP  -  397 words
  • Page 26 Advertisements
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      Page 26 Advertisements Column 1
      110 26 Nikon The World's Finest Photographic Systems I CEF HOLDINGS LIMITED I I IS PLEASED TO ANNOUNCE I I THE OFFICIAL OPENING I WM W I The Singapore incorporated merchant bank will provide services in I I corporate finance, capital markets, direct investment and I investment management in the South East
      110 words
    • Advertisement
      Page 26 Advertisements Column 2
      74 26 Nikon The World's Finest Photographic Systems THE CASE OF THE VALET WHO KNEW EVERYTHING WILL BE SOLVED ON 16 SEPTEMBER 1991. ii RAFFLES HOTEL REOPENS 16 SEPTEMBER 1991. m X^2<sAPO«*>/ RAFFLES HOTEL REOPENS WITH 104 SUITES, lAS AND BILLIARD BOOM. UFTLU GULL. TIFFIN BOOM. WIITUI BAB. LOBBY BAB AND FUNCTION
      74 words
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  • Shipping Times
    • Article
      Aussie cargo freighter to set up technical hub here
      377 27  -  By Dexter Lee MELBOURNE-BASED Antonov Airlines Cargo A Services, a cargo freighter which uses refurbished Soviet military transport planes, is setting up its first technical hub outside of Moscow in Singapore. Once in place, the Australian company will base four Antonov
      377 words
    • Article
      Lock icon Explosion linked to anti-airport group
      167 27 AFP TOKYO Japanese police were investigating yesterday a possible link between an explosion in the garage of the president of Kansai International Airport Co and activists opposed to the airport's construction. The explosion occurred at 1814 GMT yesterday and bumed out a car in the
      AFP  -  167 words
    • Article
      Lock icon Troubled TWA arranges deal with creditors
      456 27 AP NEW YORK TWA announced an agreement with creditors on Tuesday that will temporarily land it in bankruptcy court next year and strip chairman Carl C Icahn of majority ownership in the troubled carrier he took over five years ago. The agreement will make
      AP  -  456 words
    • Article
      Lock icon UK airport operator warns of job cuts
      172 27 Reuter LONDON UK airport operator BAA pic said up to 1,000 jobs might be lost at British airports as a result of the company's latest cost-cut-ting exercise. A BAA spokeswoman said the company was currently carrying out a review of the business and
      Reuter  -  172 words
    • Article
      Lock icon Proton's Japanese MD retires
      130 27 AP KUALA LUMPUR The Japanese man who helped turn the made-in-Malaysia passenger car industry into a profitable business retired yesterday. When Kenji Iwabuchi became managing director of Perusahan Otomobil Nasional Ltd, or Proton, in 1988, the government's two-year-old bid to build passenger cars had accumulated losses
      AP  -  130 words
    • Article
      INDEX TO ADVERTISERS
      877 27 Page Col ABC Containerize 12 1 Accord Group 8 1-3 Aeropak Express 9 5 APL 5 3-5 A PC Line 13 5 ASCL 5 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 14 4 Bangladesh Shpg 8 5 The Bank
      877 words
    • Article, Illustration
      Interior fittings of luxury train to be done in S'pore
      490 27  -  By Magdalene Phang in KUALA LUMPUR INTERIOR refurbishing of the coaches for Asia's version of the famous Orient Express luxury train which plies between Paris and Istanbul will be done in Singapore. Mr Nicholas Varian, chief executive of the UK-based
      490 words
    • NEWS SUMMARY
    • LOG BOOK
      • Article
        PWA to sell five airbus aircraft to Polaris
        127 28 CALGARY PWA Corp, the parent company of Canadian Airlines International, on Monday said it will sell five airbus 310-300 aircraft to Polaris Aircraft Leasing Corp of San Francisco. PWA said it expected cash proceeds from the sale, net of debt repayment, to
        127 words
      • Article
        Cypriot ship undergoes survey
        41 28 LONDON The Cypriot-flagged ship Angeliki R reported engine trouble on July 25 at Vitoria, Brazil, and was being surveyed, Lloyd's Shipping Intelligence reported on Tuesday. The 20,949-dwt vessel left Rio de Janeiro for Vitoria on July 17.
        41 words
      • Article
        New Charlotte-Frankfurt flights
        81 28 ARLINGTON, Virginia USAir Group Inc said it will begin service between Charlotte, North Carolina, and Frankfurt, Germany, on Nov 1. The airline said on Tuesday that the daily non-stop service will be offered at an introductory restricted fare of US$29B. The airline also said its USAir Express
        81 words
      • Article
        Nine killed in Vanuatu crash
        67 28 PORT VILA, Vanuatu All nine people aboard a Vanair Britten Norman islander were killed when the aircraft crashed into a mountainous jungle region on July 25, director of civil aviation Walter McLeod said on Tuesday. "Rescue teams on Monday found wreckage of the plane east
        67 words
      • Article
        NTT eyeing Brazilian market
        81 28 TOKYO Nippon Telegraph and Telephone Corp (NTT) is considering tying up with foreign carriers to expand into the Brazilian mobile telecommunications market, an Nil spokesman said on Tuesday. The company was thinking about forming a consortium with foreign telecommunications firms, investing in and constructing a mobile
        81 words
      • Article
        Smiths wins Boeing contract
        83 28 LONDON Smiths Industries pic said it has been awarded an exclusive contract, worth US$35 million to develop and supply a "smart" actuator for the throttle control system of the Boeing Co's new 777 airliner. Roger Hum, chief executive and managing director of Smiths Industries, said: "We
        83 words
    • Article
      DAILY FREIGHTS
      885 28 DRY CARGO freight rates on Tuesday were little changed with few fixtures reported, brokers said. A Soviet purchase on Tuesday afternoon of nearly 500,000 tonnes of US wheat under the export enhancement programme for August 15/ Sept 15 shipment helped to support the market, they added. But the
      885 words
    • Article, Illustration
      Lock icon Highly charged surcharge debate
      1524 28 The traditionally anti-regulation US shipper community wants strong action by the Federal Mantime Commission on surcharge abuse American Shipper Abroad spectrum of shippers has turned to the Federal Maritime Commission for help in solving one of their most vexing problems the myriad of ocean carriers surcharges.
      American Shipper  -  1,524 words
    • Article
      COCKETT BUNKER MARKET REPORT
      832 28 THIS twice weekly report, compiled by Cockett Marine Oil Ltd, shows price ranges in US dollars instead of single prices for a more comprehensive description of the market. Prices shown are based on average-sized stem. Market movements are indicated. The Cockett Bunker Price Index change and
      832 words
    • Article
      THE SHIPPING GUIDE
      11691 36 This is a list of ships loading a at Singapore for ports around the world. It tabulates, by 2 destination, the name of the Pi ship, the shipping line in- volved and the estimated dates of arrival and departure n from the Port of Singapore. Advanced dates
      11,691 words
    • Article
      SHIPPING AGENTS
      3316 41 Containeriine NV: Belsin Shpg Agencies Pte Ltd (SVMarine Handling Sdn Bhd (PK/PN). Accord Group: Accord Shpg Pte Ltd (SyAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Trdg Pte Ltd (S) Ahrenkiel Liner Service: Kim Shpg Trdg (S). Albatro* Sen-Air Service: Frata Shpg Pte Ltd (S). Alfred
      3,316 words
    • Article
      COURIER SERVICES
      253 41 burus Couriers Tel: 545-8011. Fax: *****98. Air Express Travel Tel: 533-5771. Fax: *****44 Airborne Freight Corporation Tel: 542-8844 Fax: *****16. *****80. Airswift Worldwide Courier Tel: 278-0188 Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Cluster link Supplies A Services
      253 words
    • Article
      AIR FORWARDERS
      1526 41 r-4 .♦<. Abex Express Freight Tel: 542-7171. Fax: *****84. Actinic Forwarder Tel: 225-1833. Fax: *****42. Activair Singapore Tel: 542-7821 Fax: *****20. Aerolink Freight International Tel: 545-8033. Fax: *****05. Td™42-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50. Air
      1,526 words
    • Article
      Lock icon PORT CONDITIONS
      409 42 Reuter Ammm 15 vessels in port. 12 discharging and 10 vessels idle at anchorage, of which eight have no cargo on board and two have cargo for Jordan. 17 vessels in port. Arata Solid bulk terminal two vessels berthed and two waiting, delay one day. Liquid bulk terminal
      Reuter  -  409 words
    • Article
      AIR FREIGHT SCHEDULE
      462 42 ARRIVALS DEPARTURES Of Flight Tn* ETA T Vmm Of Flight Type ETD T To TOOAY TODAY KAL KE697 B747F 0130 I SEL KAL KE697 B747F 0440 I BKK NCA KZ203 B747F 1930 1 NRT SIA SQ822 B747F 0715 2 DXB/LON KAL KE685 A30F 234S 1 SEL/MNL TOMOdOW
      462 words
    • Article
      SHIP SALES & TANKER RATES
      515 42 SHIP SALES TANKER RATES VESSELS ON OFFEK Brik cmivt Kami Mene 27,231 dwt and built 1973, of offer at US$4.5 million. Mae Tm 28,326 dwt and built 1982. DaMc 41,793 dwt and built 1973, on offer at US$3.3 million. VESSELS SOLD FOR FURVNER TRADRIO TV Garda Larac 44,413 dwt and
      515 words
    • Article
      CRUISE & FERRY SCHEDULES
      362 42 CRUISE FERRY SCHEDULES cam ships Ait Deg Stmt at Vwd ETA ETD Parts afCafc Part Aft AW 03 03 Orient Sun 1000 1800 Sin-Jakaita-Sin Sembawang Johnson 04 04 Con Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 07 07 Orient Sun 1000 1800 Stn-JakarLa-Sin Sembawang Johnson 08 08 Cora Princess 1000 1800
      362 words
    • SHIPS IN PORT
      • Article
        AT CONVENTIONAL WHARVES
        461 43 tawri Vqr Ik Berti Antral Batam Saying *****1 M04 Hongs* 01.08/2300 BMawn* 1 75S M01 tfongnfc 3107/1700 Bbn Bahaga *****1 M03 atongsde 0108/2300 Qtn Jaya *****1 M05 atonpde 31 07/2300 Gm* 610 M04 impik 0108/2300 San Batam S69 M01 atongsde 0108/2300 Snar Batam S8110 M04 0108/2300 Sii
        461 words
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        IN MALAYSIAN PORTS
        188 43 JMwwNrt Berth: 1: Kris Madura; 2: Fortune Beta; 3: Yang Cheng 4: Tanta; 5: Waive Bay; 6: Johan I. 01 jetty: Dolores. OCJtMadL Dm m My 31: Sua, New Olympic, Genrfu, Trade Grace. Dm m 1: Certang, Coral Gts. Star Eight. Thai Ho No 1, Hong Soon
        188 words
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        CONTAINER SCHEDULE
        873 43 RECEIVING OF EXPORT FCL CONTAINERS AND LgL CARGO a -it--- /i-i km KOCurfl dmKI RMS 9* Voy No Etb/Btr Pwiod From To Fram Mi Own 512N 02/0900 2 31/1700 01/0659 01/0900 4 01/1200 01/1459 01/1700 Nkad 911 01/2359 1 31/1500 31/1659 31/1900 2 31/1700 01/0669 01/0900 B Mara
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      Lock icon Delta not surprised by creditors' rejection of bid
      364 44 Sale of Pan Am assets UPI NEW YORK Delta Air Lines said on Tuesday it would continue to pursue its US$3lO million (***** million) bid for a package of Pan Am Corp assets despite a rejection of the offer by the bankrupt
      UPI  -  364 words
    • Article
      Lock icon Uncertainty ahead for Pan Am sale
      230 44 AP NEW YORK Pan Am's efforts to sell off key assets was thrown into doubt on Tuesday with the rejection by its creditors committee of an offer from Delta Air Lines. Delta and Pan Am management agreed to a US$3lO million deal for Pan
      AP  -  230 words
    • Article
      Lock icon Honda to launch powerful, fuel efficient engine
      271 44 UPI DETROIT Honda said on Tuesday it plans to introduce a new automobile engine this fall that has substantially more fuel economy and power than any of its current models. The 1.5 litre, 16-valve four-cylinder engine will be ofTered to US buyers in
      UPI  -  271 words
    • Article, Illustration
      Lock icon Ford to export more American-built cars
      407 44 UPI DETROIT Ford Motor Co confirmed plans on Tuesday to sharply increase overseas sales of its North American-built cars and light trucks during this decade. The No. 2 US automaker, which has been much less aggressive than either General Motors Corp or Chrysler Corp
      UPI  -  407 words
    • Article
      Lock icon Battery deal: EC to set terms
      293 44 FT BRUSSELS The European Commission was expected to approve the proposed merger between the car battery operations of Germany's Robert Bosch and Varta, which competition hardliners had expected to be blocked. However, Sir Leon Brittan, the EC competition commissioner, will impose conditions on the
      FT  -  293 words
  • Page 27 Advertisements
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      29 27 Urns and Mnktt uprtmrtnd by Mombars af tba Ragtetry af AccradHad Shipping [}ffM|l Agnnts, Singapore Nattanal Shipping Asso- \iMS4Mi datian. XgW For advertising enquiries, contact Shipping Times: Tel 740-2089/740-2090
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      83 27 S| ISWEE HEN 6 METAL CO PTE LTD No 13. TUAS AVENUE 14. SPORE 2283. FAX *****46 TEL MIMS6 (S llMS) B TIX RS ***** SHMCPI Maintenance Equipment r#nt npMr UNDERWATER SHIPCARE PTE LTD A NEW COMPANY TO SERVICE ALL YOUR UNDERWATER MAINTEWAMC^NEEDS peak UWSC &as a team of experienced
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      55 27 Mr Foraarien 15 Mr Fn<ht ScMub M CocMtt Report 2 Cortamr SdwMe 17 Couner Serves 15 Cram I Ferry Schedules IS My Frajhb 2 mtxt u) Aoveußefi i Port Corrttem It Staff* Apr* -15 Staff* Gtade W.ll Staffffs/Tantaer Rales IS Staff in Port 17 Saffon Tides 17 Tnrffort ttnry 3
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      99 28 B U S I NESS T I M E s TELEPHONE- 730-3771/5772/3773 FAX: 734-4982 ttUMUMKUIJIIIIUI 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
      99 words
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      2310 29 m OOCL (3) PTE LTD JAROME SHIPPING AGENCIES tillf# TEL: *****11 FAX *****09 \lV||f BOOKINGS TEL: *****34/*****58 TMIII >■ TERMINAUCFS TEL: *****18- 220 PCwOflH PESAKA JAROINE SHVPMG AGENCIES SON. BHD. A PORT KELANG TEL *****18 FAX: *****91 /*****88 PENANG TEL: *****4 FA* *****1 CFS TEL: *****6 MMnMB Dedicated to Qua
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      3393 29 TWO SAILINGS PER WEEK TO INTRA ASIA SINGAPORE/YOKOHAMA 9 DAYS SINGAPORE/NAGOYA 10 DAYS VMM* Voy ETA I ETD~ 'Port 'Penang swx DESTINATIONS IM «Mk Undo* Mill 111 *107 Feeder by W—WBftM— cv 0100 hrs m pinto > CfS- VS 1700 MRS OAK LGB HOU MEM ATL MIA CHS BAL PHL
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      1097 30 VOY NO S PORE SOUTHAMPTON HAMBURG "ANTWERP LE HAVRE KASUQA I 16/130 2/8 24/8 20/8 1»/» MONTE ROSA 14/330 4/8 21/8 23/8 26/8 27/8 ELBE 06/131 8/8 31/8 27/8 26/8 LEVERKUSEN EXPRESS 02/331 11/8 28/8 30/8 2/9 3/9 KfLAM A KNAM CAMO LONDON EXPRESS 03/132 16/8 7/9 4/9 3£ T0
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      663 30 SEAIPAC IERYICE DUECT SOUTH PACfIC gfflCt SIN MOU SUV PPT Ma Ftoraana 2509C8 30/6 IV9 15/9 21/0 ALSO ACCEPTBG CAJtfiO MA SUM 10; LAUTOKA. PAOO PAOO. APIA NUKUALOAf A MtfCT CM£/ SOUTH ÜBBCIH »WCI SIN lOQ ANF VAP CLX BTO (PERU) Ma Floraana 2509E8 30/S 4/10 6/10 9/10 10/10 7/10
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      1512 30 Kl— mAstfa &xmm~ REGULAR MOEPENOENT FULL CONTABMR SERVICE WESTB6ON6 WA EUROPE V*/Vtft ALC Oa HAN bh ROT ANT FB. U« m US) NM) WT) ARABIAN SEA 120W 31/07 22/00 23/00 M/ 01 27/ IS WU NOR ASIA SUR 0121-3 */00 27/00 20/00 31/00 01/ M 02/00 03/W 04/ M 09/00
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      2105 31 SgSteamers Maritime Holdings Ltd j- P&O I fli M STRAITS SHIPPING I Containers iw. «'t vo*j «n. «<>. Hti »UR 27/07 29/(7 31/07 15/00 10/ M 19/ M 21/ M ACCEPTS ME SMLS «mi MT DM4 27/07 20/07 03/ M 20/ M 22/ M 24/ M CARfIO LEBf maM M/M
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      2291 31 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOB TOKYO COSMIC PIONEEB VIS ETA SPORE 4/8/91 ETA PK 8/8/91 ETA TOKYO 19/8/91 LOADING FOB YfIHfIHIMI /OSAKA COSMIC MASTER VI ETA SPORE 7/8/91 ETA PK 9/8/91 ETA YOKOHAMA 29/8/91 ETA OSAKA 22/8/91 NOTE: ALSO CALLING OTHER JAPANESE PORTS. HONGKONG, TAIWAN A CHINESE PORTS. SUBJECT
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      557 32 w mm CR NBR **********0-0 EXPRESS SERRI-CONTAINERSHIP SERVICE TO EUROPE V&/WY STORE MMM/UMM MBWG BR MEN WTWW SMNUAYA/32M 5/1 7/1 IJ/J 17/J 20/3 «nM/231«B 1/9 4/11 13/11 15/10 20/10 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO lo IwiycaniH. Mm hh>»l c«r«o to Ciiibltnci, Fort Said, Port AtoaMdrto. Qonoa, Trtooto. ALSO
      557 words
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      Page 32 Advertisements Column 2
      959 32 1(3)1* rn. j* *11 y~S HANJIN SHIPPING II S'para ILEH RTM AM HAM MV FEL FEEDER VSL SM LME HAUL LGB OAK I HANRN FELIXSTOWE 008W 8/8 24/8 25/8 26/8 26/8 27/8 28/81 HAHJW ROTTERDAM 01SE 2/1 OJECT 22/8 HANJM SEATTLE 019W 11/8 29/8 30/8 31/8 31/S 2/9 3/9 HARRM
      959 words
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      Page 32 Advertisements Column 3
      56 32 ■"■"■"clSSSaaSasSSnr tncx um. bjbh. ww* RG&k n®c ww ooa* VESSELS AVAILABLE FOR SALE/CHARTER/TRANSHIP^feNT •SONO THAO U HkS 6ni UNM/TuTidiixSa tWH «W1 po» 2221 -A ytMCI" cou*»o*H»Mrt>AJ*tAM/KUWArr -A VtL" JTOOAH/HOOWDAM/AGABA TM9I -aWIUVA- _«M BATAIi WMKLV MHVICM TMC SHIPPING/A AARON ORIENT LINES Tel: *****11 Tl*: R» ***** Fai: 224«7M 169, TRAS STREET,
      56 words
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      Page 32 Advertisements Column 4
      1122 32 jPßWiit l -4 -TrT-T3^3 B^ F SSi I nvwauMinoißiiiinuiaiiiimwMnwKniciii I If UMOM *471 bft l/l 7/1 VI 12/1 IVI li/t 17/1 IS/I 11/1 M/t 11/1 11/9 IS/1 24/1 25/1 2*/J 77/1 8/) 1/IIU/ll O/M 24/ M CM mm 1/1 7/1 12/1 14/1 li/l 19/1 21/1 ZI/I M/l S/l M/t (/I
      1,122 words
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      1952 33 v NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 ICR NO: **********0E) BOOKINGS: NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 m AUST/INDIA/PAK SERVICE: *****18 CFS K27 EXPORT *****53/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 *99# NEPLINE SON BHD MALAYSIA K.L.-(03) *****33, P.
      1,952 words
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      Page 33 Advertisements Column 2
      1032 33 I* SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES I DmMac-iigowicw wmßO>c-<fw»G nwgfffp w HQTTggxw uraas <kh I* Inn
      1,032 words
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      1561 34 K-W JF* AS AGENTS KAWASAKI SINGAPORE (PTE) LTD (Cfl No: **********0 M) W W V7\ TEL *****77 TELEX: KAWAKIRS23I6S FAX: *****79 i |%l ml M MALAYSIA: "K" LINE MAfVDME (MALAYSIA) SDN BHD I -Ai AmJl JL U TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1 IHHHMI KAWASAKI KISEN KAISHA
      1,561 words
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      Page 34 Advertisements Column 2
      1040 34 I ®5S PHIU-ORICNT UN€S PT€ LTD i 106 Robinson Road #07-00 GMG Building Singapore 0106 Tal: *****22/*****69/*****00 Talax: RS ***** PHIU FAX: *****7******36 BY AIR, LAND OR 5EA..... WE TAKE ON THE WORLD FOR YOU flftf MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION X&Sf 9 AUG DUBAI DAMMAN SHARJAH DOHA 6
      1,040 words
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      1469 35 aSsgPff PACIFIC INTERNATIONAL LINES (PTE) LTD Sji'gß m fcl Ptl Burtdinq, 140 Cadi Street ttttOO, Singapore 0106. JAKARTA 1 |BANGKOK VOY SIN JKT SIM VIIML VOV SIN BKK SM EQUATOR MAS 13* 2/S 4/S l/l KOTA PAHJANO 8132 28/8 1/S M BUNOA TERATAI 113 4/S S/S 11/8 JENUNK MM 4/S
      1,469 words
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      Page 35 Advertisements Column 2
      986 35 f BEN LINE CONTAINERS LTD N 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. m Telex: RS ***** m EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S HAMPTON HAMBURG GOTHENBURG FRANCE HOLLANO UK GERMANY/SCAN SWEOEN Cgm Pans+ 256 4/8 25/8 Benavor' 268 8/8
      986 words
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      Page 35 Advertisements Column 3
      426 35 |ggb MYANMA fßk FIVE STAR UNE W (Myanmar National Lina) Loading for Yangon (Rangoon) S'pora P.KIf Pen P.Gdf MYOMATWA VI3CW In Pi PfTTA VIISW SM In Pt TAUNG GTI V422W 1/2 Auf MEROJ VlOtl) «/7 Auf 4/t A* AVA VIIM 11/8 Auf 19/23 Auf HPA-AN VIM* 19/22 Au( g* THE
      426 words
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      687 38 TO AUSTRALIA/NEW ZEALAND [»> |Fr«« ||A* |Sy4 |Audi ||*E |p CMALM mmwa «in u/« it/i «75~ wt~ wT~ v 7» aim mm 27T" i/» ~vf~ Ti/T" Ts/T" Tt/T" Ts7i wuua. 277 3t5~ u/» m/« n7»~ m75~ *75 17T5 c.55E 27i~ 21/9 2t/» 1715" 17IT uTIT ***** TO USA/CANADA »5 Tsi
      687 words
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      Page 38 Advertisements Column 2
      745 38 I lli EXPORT 3 TO HONGKONG, TAINAN I JAPAN "TUB WEEKLY" MALACCA STRAITS FEEDER SERVICE OUTBOUND VOY PKL PW6 JKT SM KG MO Kg TYO SMZ H6O HOB VESSEL WT |3M |Wa WK 8U» 8» I *C» LOTUS 158 *2 8 1J 8J 10 8 12 8 16.1 17 8
      745 words
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      Page 38 Advertisements Column 3
      190 38 f >E RUSAH AAN PELAVASASJ i]M KALIMANTAN r DIRECT WEEKLY SERVICE TO j 1 JAKARTA/TB. PRIOK V«MI ETA/ETD DESTINATION I NUGA 42 Voy 12/91 2/3 Am Jakarta/Patonbanf l NUGA XXI Voy 17/91 5/6 At* jafcarta/Patantanf l > NUGA XXI Voy 11/91 8/9 At* Jakarta/Palombani > NUGA 42 Voy 13/91 12/13
      190 words
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      Page 38 Advertisements Column 4
      1699 38 a fas Wa Z w CHINA OCEAN SHIPPING COMPANY PULL CONTAINER LINER SERVICE IMLATSMI MBTTS: SINGAPORE'S GENERAL AGENTS MOKStI MBfTt CHUNG CHWO SHTPM6 SON BHD COSTAR SHIPPING PTE LTD M. GLOBAL PUTRA H. TIL: *****01/17 FU 44*5002, ***** L,U MARITIff F KL/M6 TEL MHIN/I TU MA ***** 2wWHo2SSL« *17W PDMNG
      1,699 words
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      651 39 GUARANTEED CON3OL TO:- ~1 n KEELUNG/KAOHSUNG g.g.91 HOWS KONG 5.5.91 I BUSAN 5.8.91 BANGKOK 4.5.91 JUROPE 1.5.91 t TOKYO/KO6E/YOKOHAMA 4.8.91 JSA 4.5.91 AUCKLAND 9.8.91 I FREMANTLE 6.8.91 SYDNEY/MELBOURNE 9.8.911 FOR BOOKING PLEASE CALL AT OUR HOTLINE S3S-01SS (3 LINES) FAX: *****92 PI*AM CONTACT CAJMi TAN, KATHLVN TAV, SOPHIA BAY OW
      651 words
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      Page 39 Advertisements Column 2
      383 39 TEL: *****33 (12 Um) IfM FAX: *****15/*****03 tfll TELEX: RS ***** RISHIP (3 UnoB) jo ETHIOPIAN SmPPM UMB r (National Lines o* Ethiopia) ACCEPTING FCL AND CONVENTIONAL vase. fvov eta loading for SPORE ANOtNET 74W8 23/00 OARESSALAAM. MOMBASA DJIBOUTI* ASSAB MASSAWA ABYOT 2«WB 10/00 OARESSALAAM. MOMBASA OJWOUTT ASSAB. MASSAWA KBH
      383 words
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      Page 39 Advertisements Column 3
      1286 39 I I SEAWARD SHIPPING AND TRADING CO (S) PTE LTD IT* et* eta •ORE rail ROMS fOMNS HUE UK 15/| Loadm tor Malt ■UVAI HUM! 21/1 Loadmi tor Calcutta Hum 15/1 Loadmi Far Malt nam supreme io/i Loadmi For Malt DONAKU.M II Loaded For Fekvaru fw*«Lmn u/o iz/i io/i Loadmi
      1,286 words
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      Page 39 Advertisements Column 4
      385 39 TKBHJfIE VSL VOY SMOAPONE MADRAS WQAMM VESSEL VOY SM MM TWER STAR IMN 04 05/0* 1113/00 10-19/00 TIGER MY 109N 09 09/00 15-17/00 23 24/01 EAGLE CAPE 010 11-12/00 20 21/00 27-20/00 VSL VOY MOttAPOWE/CALCUTTA/BWOAPOIM VESSa VOY SM CAI SM LHOTSE 40C 07 00/04 14-11/ OS 24 25/00 TIGER RIVER
      385 words
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      1073 40 MAC-NELS S'PORE MPORT:'22I6OO2 I PENANG: (04) *****6 J. BAHRU: (07) *****2 KK: (088) *****0 MEDAN: (061) *****2 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 PEN PK SIN PK Cotembo 3/8 4/8 5/8 1/8 2/8 3/8 Ldn/Fl*/Rdm/Ant Durban/Pt Louis 2/8 3/8 4/8 6/8 7/8 8/8 Gottwnburg/Stockhotan/Oslo 2/8
      1,073 words
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      Page 40 Advertisements Column 2
      383 40 Hi') HiH blue star line TO FROM JJ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SM NPI AKI IYT SM MUIBERA 22S 10/> 21/1 VU NPI 23/1 9/9 MAKSURI 0502 27/1 1/9 VU NPI 10/9 27/9 PROSPECT 14S 1/9 29/9 VU NPI 22/9 FULLY CONTAINERISED
      383 words
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      Page 40 Advertisements Column 3
      1243 40 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 WEB* TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA itna Ivor leto Ikst vessel vtr swe p.
      1,243 words
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      6 42 Read Chartpoint in BT every Saturday
      6 words
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      Page 42 Advertisements Column 2
      136 42 LIVING IT *s EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, you'll know you're alive after that exciting, exacting or simply emaciating week of work. So don't throw in the high-flying towel, or take shots
      136 words
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      112 43 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS 7 Stories on labour and its relationship with 1 f management, management concepts in practice, ft I 9) profiles of leading managers in Singapore and 7 Y relevant book reviews. ENTERPRISE MANAGEMENT, in Business n Times every Monday, is must reading for S -~7
      112 words
  • Page 43 Miscellaneous
    • Miscellaneous
      Page 43 Miscellaneous Column 1
      262 43 TIDES AND WEATHER TODAY'S TPES (heigtit in metres) Noumiitn»tan.»M«im»wt*iMM—u»imi«iijimi> im mo lTwuwmiaionwzaoaw 22 17 2.9 2.7 14 1J 12 07 0.5 &S 04 1.0 04 22 15 24 2.4 2.0 1.4 1.0 07 0.0 0J LI n 22 27 2J 17 13 14 12 17 05 0.4 00 LI 1.7
      262 words
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      865 44 CHARTPOINT Every Saturday in Business Times HYUNDAI A MERCHANT MAWNE CO. LTD. SOUTH-WEST TO PACWC NORTH-WEST waa wr mi m m hau. w w on umm. wt wb rn MM MM 12S a/17 8/47 41/ M N. PMSB 421 24/ M a/M (1/45 TOW* MM 701 23/ M a/M MM
      865 words
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      Page 44 Advertisements Column 2
      120 44 PASR OUDANQ/SINGAPORE TWICE WEEKLY SAUNQS (TUEtSAT) VESSEL VOY P.GUDAN6 S PORE JOSINDO SATU 021$ 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 QUDANQ SINGAPORE (DT) **********11 (02) 534^)042 aSSSSSS S 7 m A m —J fWT J DAMAR SEGARA AGUNQ
      120 words
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      Page 44 Advertisements Column 3
      458 44 CHARTPOINT Every Saturday in Business Times p |m IM.M T% I t BUI l OH |M 0 |M lot, B M |Wl OUR USA mt mm »ii" a7T miwo wcraw i»w "a7T a/» a?T in" a/i" aTT zvT n/T SERVICE CALLS mu mm tiiiii i/i Mitm ■—o> nun 14-ivi i/»
      458 words
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  • Thirty Years of Economic Development
    • Article, Illustration
      Into the top economic league
      836 45 SINGAPORE developed and yet determined to maintain the competitive business environment that gives it the cutting edge in international business. This is the Economic Development Board's driving mission for the *****, after having propelled the Republic into the ranks of newlyindustrialising economies. It wants to
      836 words
    • Article, Illustration
      Local boys make good
      713 46 Small businesses find a new niche SO DECLARED the Report of the Economic Committee in 1986, which charted new directions aimed at lifting the Singapore economy out of its recession. These two paragraphs, in the report's chapter on local businesses, succinctly captured their plight. Mostly small-
      713 words
    • Article
      Doing the economy a great service
      425 46 SERVICES is a sector which gained prominence in Singapore's economy after 1986. This was when it was identified by the Economic Committee's report as one of the two engines of economic growth. After four years of intense promotion by the EDB and other government
      425 words
    • Article
      Architects of growth
      873 48 This article traces the circumstances leading to the formation of the Economic Development Board, and looks at the prime movers behind Singapore's industrialisation WHEN bull-dozers went to work on the swampy marshland in Jurong to create Singapore's first industrial estate, the cynics dubbed it "Goh's Folly" a
      873 words
    • Article, Illustration
      Untitled
      98 48 The pioneering years. From left EDB's first chairman Hon Sui Sen showing then-Finance 1 il#W| |r| Minister Dr Goh Keng Swee (far left) the early stages of development of the Jurong Industrial I yllllSt Park; swampland from which Jurong park is developed based on the blueprint drawn up by Dutch
      98 words
    • Article, Illustration
      From industrialisation to globalisation
      717 49 Milestones of development SINGAPORFs industrial development is very much bound up with the 30-year history of the Economic Development Board. The difficult 60s EDB was set up in August 1961 with the late Hon Sui Sen as its first chairman. Separation from Malaysia brought anxiety among
      717 words
    • Article, Illustration
      Lending a helping hand
      765 50 Automation today is no longer confined to high-tech work places. It also plays an increasingly important role in the humble small factories ITS spindly arm, working with practised ease, nimbly fits the casing on a Macintosh. The job done, the Macintosh makes its way on the
      765 words
    • Article
      Partnerships are best
      454 50 Over the years, more training courses have been introduced in Singapore. These have also been tailored to reflect changing demands from industry THE case for training Singapore's workers can never be overstated. For what else does Singapore have but its human resources to attract investments? In fact,
      454 words
    • Article, Illustration
      Lock icon Shell in Singapore: partners in progress
      1147 52  -  Chairman and chief executive Robert Walvis traces the history of Shell Companies in Singapore. The group's growth parallels Singapore's and it is the first recipient of Singapore's Pioneer Certificate award, which comes with tax incentives to encourage investments Robert Walvis THE Economic Development Board
      Shell photos  -  1,147 words
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      342 45 Small businesses find a new niche Pg 2 Doing the economy a great service Pg 2 The architects of growth Pg 4 Development milestones Pg 5 The changing faces of EDB Pg 5 Lending a helping hand Pg 6 Partnerships are best Pg 6 Partners in progress Pg 8 1
      342 words
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      171 46 SIEMENS Training—to upgrade your skills in industrial automation Applying the right type of advanced automation equipment to industrial manufacturing processes will result many production product quality, less down-time through immediate productivity, efficiency and As one the leading R Ik3MH 1 suppliers and users of industrial >J—**•» ml'.lM.. ;Vtt S vlafc
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      101 47 fnr«. j' JHtit j£ w IL M ft J**v v *T "l^MSpflc 1 8^% f! V<J~ yj H J v *<.• .f" I 1 r-' A V 1 On April *****1, Texas Instruments (TI), the Economic Development Board (EDB), Canon and Hewlett-Packard (HP) launched a US$33O million advanced memory chip
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      461 48 Partners in progress, Pioneered 4^" rt s a company which was granted snaring a vision, fa* ei ipppcc I I which included the Product Development Assistance Scheme, Vikay Industrial Pte ||J* jJ Ud, has come a long way with the EDa I A leading supplier of electronic "W "W T"
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      427 49 The changing faces of EDB jfifr C THROUGHOUT its 30-year exis- tence, the Economic Development II Board's role has evolved to keep in vVBB p time with the times. With that its Jgffill- 1 jlyfi logo also saw modifications. The first logo was shaped like a factory building to-underline the
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      46 50 I Congratulations I And I Best Wishes II To I ECONOMIC I DEVELOPMENT I BOARD I On Your I 30th Anniversary SINGATRONICS LIMITED I Singatronics Building I 506 Chai Chee Lane I Singapore 1646 I Tel: *****11 I Tlx: RS ***** SINGAB I Fax: *****06, *****55
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      164 50 Wearnes Technology (Private) I Limited is a wholly-owned I subsidiary of Wearne Brothers I H Limited a public listed company H on the Stock Exchange of Singapore I %&s£'- ii. and Malaysia, with assets totalling more than $$500 million. Established Wearnes Technology is integrated manufacturing and marketing organisation specialising in
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      258 51 £*3085* EDB SINGAPORE Economic Development Bcmd On Timr 30ih Anniversary The wholehearted support and understanding of the EDB has been truly instrumental in Hitachi's progress to achieve and further build its reputation as a well-recognised, high-tech corporation involved in creating products for the benefit of society, culminating with our Operational
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      124 52 A Shell Future ft Shell's continuing high level of investment in Singapore is not merely in the "nuts Jt and bolts'' of the oil industry. It's also an investment in Singapore's most valuable j/r resource her people. And a Shell's confidence in Singapore. As of Singapore society, p* supporting a
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