The Business Times, 9 August 1991

Total Pages: 40
1 40 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Friday, August 9, 1991 75®
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  • NEWS SUMMARY
    • 59 1 KUALA LUMPUR The Malaysian Department of Civil Aviation, which runs the country's airports, will be turned into a corporation in January as a first step towards private operation. Transport Minister Ling Liong Sik said yesterday that only the department's Air Traffic Council would
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    • 53 1 HANOI Vietnam and China have quietly agreed in principle to normalise their longstrained relations. Diplomatic and Vietnamese sources said yesterday that the agreement was reached during an unannounced visit to Beijing last week by General Le Due Anh, the No. 2 in the
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    • 33 1 DEPOSITORS yesterday rushed to withdraw their money from Citibank branches in Hongkong following rumours triggered by a US congressman's comment that America's largest bank is "technically insolvent" Back Page
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    • 31 1 THE NATIONAL DAY Awards list has given the highest honour this year to Dr Ee Peng Liang, president of the Singapore Council of Social Services Page 2
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    • 34 1 THE FEDERAL RESERVE'S latest survey of business conditions in the US paints a rather bleak picture of the economic recovery that, according to the government, began in the spring Page 7
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    • 25 1 THE Mount Pinatubo eruptions will hamper improvements in the Philippines, with economic growth expected to slow to 1.5 per cent. Page 7
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    • 29 1 THE US has signed a series of accords to step up regular exchanges on energy policy and oil production technology with the Soviet Union Page 7
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    • 20 1 PHILIPPINE Trade and Industry Secretary Peter Garrucho is a soft-spoken man with big ideas Page 9
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    • 34 1 SEA-LAND Service Inc of US and AP Moller-Maersk Line of Denmark, partners on the North America-Asia trade, have extended their cooperation to cover the Asia-Middle East/Indian subcontinent route. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 32 1 WALL STREET was mixed early yesterday, continuing the uncertain trend that set in on Wednesday. The Dow Jones Industrial Average rose 2.01 to 3,028.62 in the first hour of trading.
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    • 22 1 LONDON shares were steady at midday yesterday. The FTSE 100-Sharc Index was up 0.9 points to 2,598.3 at 1112 GMT.
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    • 37 1 MBf FINANCE Bhd yesterday proposed a bonus issue to increase its issued and paid-up capital, in conjunction with the proposed acquisition of the assets and liabilities of Kewangan Usahasama Makmur Bhd Page 4
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    • 32 1 A CONSORTIUM including tycoon Li Ka-shing and Beijing's China International Trust and Investment Corp has bid for all shares in investment company Hang Chong Investment Co Ltd Page 5
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    • 41 1 THE BANK of Credit and Commerce International, which managed several Manuel Noriega accounts during the 1980s, helped the Panamanian former dictator steal at least US$23 million (Ss4o million) from the national Treasury, the Panamanian government says Page 6
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    • Article, Illustration
      29 1 Thursday Change BT-MGA 706.59 +0.60 Kuala Lumpur ....564.88 -14.52 Tokyo 23,482.46 -208.56 Hongkong 4,046.56 -14.75 Sydney 1,588.6 -2.7 Wednesday Change New York 3,026.61 -0.67 London 2,597.2 +24.1
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    • 22 1 Exchange rates USS SS 1.7170 100 Yen SS 1.2681 MS SS 0.6218 Mon«v market rates Overnight 5 +1/4 3-month 5-1/4 +1/8
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    • 37 1 London Gold AM fix USS357.00 USS1.15 Rubber S'porc Sep 140.25*/kg -1.25 M'sia Sep 227.50«/kg -0.50 KL Tin Turnover 32 tonnes -21 Spot MS 15.42/kg +0.02 Crude palm oU Turnover 1,720 lots -454 Aug MS859 /tonne unc
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  • 459 1  -  Prime Minister's National Day Message By Genevieve Cua PRIME MINISTER Goh Chok Tong last night identified "people bonding" as his main objective in the governing of Singapore. In his first eve of National Day message as Prime Minister, Mr Goh said he wants
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  • 806 1  -  Second Quarter Economic Survey By Kenneth James WITH a 7.3 per cent expansion for the first half of the year the economy remains strong and is still on track to achieve the 6 to 8 per cent growth target for 1991, despite a
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  • 246 1  -  By Lilian Ang THE Labour Ministry is looking into ways to refine the foreign workers' policy, in an exercise which underlines the urgent need to address the labour shortage problem in key industries. The Minister of State for Trade and Industry, Mah
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  • 60 1 STAMFORD TYRES Corporation is seeking a listing on the junior board by offering 14 million shares for public subscription. The shares, at 60 cents apiece, have a par value of 25 cents. The 56.7 million expected to be raised from the offer will finance expansion
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  • 169 1  -  From Leslie Lopez in KUALA LUMPUR FOREIGN INVESTORS on the Malaysian bourse issued a sharp rebuke against signs of an overheating economy yesterday by dumping shares across the board, cutting the exchange's Composite Index by 2.5 per cent over the previous day's
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  • 229 1 Bernama KUALA LUMPUR De-posit-taking restrictions currently imposed on licensed finance companies and licensed merchant banks in Malaysia will be reduced substantially from Sep 1. Deputy Finance Minister Datuk Loke Yuen Yow said yesterday that this was part of the government's efforts to liberalise and
    Bernama  -  229 words
  • Page 1 Advertisements
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    • 22 1 More reports on Pg 3: Industrial, sen ice sectors upbeat about prospects Will manufacturing sector's problems last? Building boom fuels 17pc growth
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    • 5 1 Full report on Pg 4
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    • 3 1 Editorial, Pg 8
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  • HOME NEWS
    • NEWS ROUNDUP
      • 84 2 A SEVEN-MEMBER DELEGATION from the UK branch of the Commonwealth Parliamentary Association (CPA) is on a visit to Singapore. This visit is at the invitation of Tan Soo Khoon, Speaker of Parliament and president of the CPA Singapore branch. During the visit, the UK
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      • 91 2 THE MINISTER for Defence, Dr Yeo Ning Hong, this week presented individual Presidential Certificates of Commendation to SAF commandos who took part in the successful rescue operation of passengers and crew of the hijacked SIA flight SQ 117 on March 27 this year. Dr Yeo made
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      • 103 2 A CLIMATE of mutual trust and confidence must be maintained between employers, unions and workers, Deputy Speaker of Parliament and MP for Kebun Baru Lim Boon Heng said yesterday. Speaking at the Cycle Carriage group's National Day observance ceremony, Mr Lim said that with this climate,
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      • 33 2 THE CTE TUNNELS are now completed and are scheduled to be opened to traffic on Saturday, Sep 21, by the Minister for National Development, S Dhanabalan.
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      • 48 2 THE 10TH Asean Economic Ministers' Meeting on Energy Cooperation will be held in Singapore on Aug 22. Brigadier-General (Reservist) Lee Hsien Loong, Deputy Prime Minister and Minister for Trade and Industry, will officiate at the opening ceremony to be held at the Mandarin Hotel.
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      • 62 2 THE ENRICHMENT PROGRAMME Committee, under the chairmanship of Associate Professor Abdul Aziz Nather, will meet the mentors for Muslim students in the top 10 per cent of the 1990 PSLE cohort tomorrow. During the meeting, mentors will be briefed on Mendaki's mission and activities, the
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    • 352 2  -  The National Day Awards By Genevieve Cua GOVERNMENT, social welfare and business leaders, and the team behind the rescue of the hijacked SQ 117 are some of the people given top honours in this year's National Day Awards. The highest honour this year, the
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    • 249 2 THE Arab continent's own "Germany" is looking to Singapore as a possible source of expertise for its reforms. A high-level team from newly united Yemen will be in the Republic next week to explore Singapore's role in the transformation of Aden into a free
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    • 92 2 RONG YIREN, the man often thought of as the "Rothschild of China", called on Senior Minister Lee Kuan Yew at the Istana yesterday. In his capacity as president of the Chinese National Trust, Mr Rong will address the two-day World Chinese Entrepreneurs
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    • 245 2  -  By Rahita Ellas THE Mass Rapid Transit Corp has pre-qualified 12 groups for three electrical and mechanical contracts linked to the extension of the MRT system to Woodlands. An MRT statement said the 12 were picked from 16 companies and joint ventures
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  • Page 2 Advertisements
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  • 2ND QTR ECONOMIC SURVEY
    • 435 3  -  Survey of business expectations By Kenneth James INDUSTRIALISTS and service sector firms alike remain generally optimistic about the economy's prospects for the next six months, according to the latest survey of business expectations. In the manufacturing sector a net balance the optimists minus the
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    • 374 3  -  Construction sector By Lilian Ang A BUILDING BOOM has thrust the construction industry into the limelight for the second consecutive quarter as the fastest growing sector of the economy. Mr Mah Bow Tan, Minister of State for Trade and Industry, said yesterday that the sector
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    • 285 3  -  Commerce sector By Lilian Ang THE quick end to the Gulf War triggered growth in the commerce sector which saw a respectable 7 per cent expansion in the second quarter, an improvement over the first three months' 4.8 per cent growth. Visitor arrivals
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    • 610 3  -  Manufacturing sector By Lee Han Shih THE next few months will tell whether the troubles experienced by the manufacturing sector are temporary or more permanent and worrying. Figures released yesterday in the second-quarter economic survey showed that although the sector's output registered
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  • Page 3 Advertisements
    • 110 3 PROPERTY Sc CONSTRUCTION SUPPLEMENT 1991 A special Business Times Survey September 10,1991 How will the coming year shape up for developers and Investors alike, now that the Gulf War Is history? Will we see the long-expected Hongkong influx fill our new office blocks? And where are residential property prices heading?
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    • 138 3 FOR THE WORLD'S MOST TREASURED WATCHES M //fmrA Wimf JM houses some ofthe world s most MjMym. I 1 fashionable and exquisite watches. HINVI t: I P The name: Cortina Watch Centre. Mo Br' I The most trusted place to purchase PHfcl■ If I, I luxury watches like Audemars HBHI
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  • COMPANY NEWS 1
    • COMPANY BRIEFS
      • 62 4 AYER Hitam Tin Dredging (M) confirmed yesterday that UMBC had obtained a judgment against it from the Kuala Lumpur High Court for M 54.24 million (552.7 million). Ayer Hitam Tin is disputing the claim (which arose over a loan default), saying that UMBC's demand is
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      • 75 4 KUALA LUMPUR Pernas International Hotels and Properties Bhd said group net earnings totalled M 56.55 million for the six months ended June 30, up 32 per cent from a year earlier. Group pre-tax profit grew 35 per cent to M$ 11.49 million (557.46 million) as
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      • 68 4 KUALA LUMPUR Leader Universal Holdings, formerly Universal Cable Holdings, reported a higher group pretax profit of M 528.44 million (S$ 18.48 million) for the six months ended June 30, compared to M$ 15.66 million a year ago. Group turnover rose to M$ 180.43 million from M$
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      • 78 4 KUALA LUMPUR Arab-Malaysian Development Bhd posted a 30.4 per cent gain in group net earnings to M 523.7 million (S$ 15.1 million) for the six months ended June 30. Group pre-tax earnings climbed 7.9 per cent to M 543.76 million on a 5.2 per cent
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      • 91 4 KUALA LUMPUR Far East Asset Bhd returned to the black in the six months ended June 30, with group net earnings at M 5365,000 (*****,250), a turnaround from the net loss of M 51.85 million posted a year ago. Group pre-tax earnings totalled
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      • 39 4 HOTEL PROPERTIES has bought a 100 per cent stake in Travel Bug Holiday, a Malaysian travel firm. Travel Bug has an authorised capital of M 525,000 (S$ 16,000) and initial paid-up capital of Msloo.
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      • 34 4 HOTEL PROPERTIES Ltd reminded holders of its warrants 1991 issued in 1989 that these will expire on Sept 10. The units can be exercised for Hotel Props shares at $2.20 each.
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      • 54 4 PAN PACIFIC Publications Ltd has entered into an option to sell a piece of property to Singapore Garment Factory for $1 million, at an extraordinary gain of $340,000. The property is at 105 Sims Avenue, #01-08 Chancerlodge Complex, Singapore 1438. Singapore Garment has already paid a
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    • 141 4 SUBSCRIBERS of new share issues can now check on the outcome of their applications through the Stock Exchange of Singapore's (SES) Automated Self Service Enquiry Terminals (ASSETS) machines located at the various SES member companies and selected UOB branches, said the exchange yesterday.
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    • 431 4  -  Stamford Tyres' new share offering By Dexter Lee STAMFORD TYRES Corporation Ltd, which will be the third stock listed on Sesdaq this year, is offering 14 million shares with a par value of 25 cents each at 60 cents apiece. Of
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    • 314 4 STAMFORD TYRES is gearing up to put its brand of truck tyres in the market following the encouraging sales of its Stamford brand of oflf-the-road tyres used by earthmoving, logging and mining vehicles. In its prospectus released yesterday for
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    • 333 4  -  By Magdalene Ng THE RIFT between erstwhile partners Malayan United Industries Bhd (MUI) and Malayan Cement Bhd widened yesterday, with MUI expressing its shock that the latter could publicly deny that it knew of MUl's proposed sale of a stake in a
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    • 268 4 KUALA LUMPUR MBf Finance Bhd is tapping shareholders for nearly M$200 million (S$124 million) through a one-for-two rights issue to fund its proposed purchase of ailing finance company Kewangan Usahasama Makmnr Bhd (KUMB). Together with the rights issue, MBf Finance has alao proposed a
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    • 259 4  -  By Magdalene Phang PUBLICLY-listed Pacific Carriers Limited (PCL), already one of the largest fleetowners in South-east Asia, is paying US$l2.2 million ($21.2 million) to buy a sec-ond-hand bulk carrier. The Saint Laurent, scheduled for delivery in a couple of months, will add to PCL's
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    • 368 4  -  Group after-tax profit falls 13 per cent to 13.47 m By Magdalene Ng DIVERSIFIED book-seller Jack Chia-MPH managed to more than halve its debts within a year. In the year ended March 1991, it had whittled its long-term debts to $75.51 million from $179.07 million
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    • 390 5 Reuter HONGKONG A consortium including tycoon Li Kashing and China's China International Trust and Investment Corp (Citic) has bid an undisclosed amount for all shares in local investment company Hang Chong Investment Co Ltd. Tylfull Co Ltd, controlled 'by Citic Hongkong, said
      Reuter  -  390 words
    • 340 5 UPI "TAIPEI The Formosa u jPlastics Group (FPG), one of Taiwan's largest industrial firms, announced on Wednesday it would build a -multibillion dollar petro'chemical refinery on the island's west coast. FPG's decision to build a ftaptha cracking plant makes materials essen--tial
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    • 357 5  -  By Hong Lee Tiam SINGAPORE Blue-chip Malaysia Mining Corporation Bhd will mine for gold on the south island of New Zealand. MMC, an 80-year-old Malaysian company, last April received approval from the New Zealand Overseas Investment Commission, the watchdog agency of
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    • COMPANY BRIEFS
      • 90 5 NEW YORK Cash-strapped US developer Donald Trump said on Wednesday he would sue the New York Post for US$25O million (SS43O million) for writing "false and defamatory" stories about him. An Aug 5 article in the tabloid entitled "Trump loses top aides,
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      • 87 5 TOKYO Fujitsu Ltd, main contractor for an order to lay a telecommunications cable connecting Japan and Southeast Asia, will subcontract part of the project to other firms including NEC Corp and American Telephone and Telegraph Co (AT&T), a Fujitsu spokesman said. The 43 billion yen
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      • 92 5 HAMBURG, Germany Beiersdorf AG, the German pharmaceuticals and cosmetics group, said parent turnover rose 12 per cent and group sales were up 14.8 per cent in the first 1991 half compared with the same 1990 period. Operating profits at subsidiaries and the parent company rose more
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      • 68 5 HONGKONG Toy manufacturer Playmates International Holdings Ltd posted an improvement in net earnings at half-time. Net profit for the six months ended June 30 was HK5409.02 million (5590.5 million), compared to HK5350.41 million for the previous corresponding period. The rise in profit was posted on
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    • 311 5 Reuter AMSTERDAM Trading, engineering and storage group Internatio-Muelier NV is expected to remain opposed to a proposed merger with trading firm Hagemeyer NV when .it discusses a bank report on the plan on Friday, analysts said. "No matter the outcome of the report, Internatio
      Reuter  -  311 words
  • Page 4 Advertisements
    • 305 4 (Incorporated In Malaysia) RESULTS FOR THE HALF YEAR ENDED 30 JUNE 1991 (UNAUDITED) The Directors are pleased to announce the unaudited results (which have not been examined by Bonk Negara Malaysia) of the Bank and the Group as folows THE SANK THE CROUP Half year ended Half year ended 30
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  • Page 5 Advertisements
    • 479 5 ■II SAMSUNG -*v, <f^ I »j£ Samsung is continuing to deliver < j high quality and service in electronics. Speed is equipped with speeds of L (RAM) and 25ns (SAM). Samsung VRAMs provide high quality and performance in work stations, high-end Video and VCRs i P 2S6K L KM424C64 4
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 113 6 TOKYO Japanese police rescued a hostage and arrested his two right-wing captors yesterday after a 90-minute standoff at the Tokyo headquarters of Nomura Securities Co Ltd, one of the brokerages at the centre of a stock scandal. "Police broke into the room where (the
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      • 108 6 CHARLOTTE, US Executives of NCNB Corp and C&S/Sovran, which are merging to form Nations Bank, said they knew of no challenge to the merger from community activists and their US$lO billion (Ssl7 billion) community loan plan was not aimed at heading off possible objections.
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      • 93 6 WARSAW Five people including senior bank officials have been arrested on suspicion of mismanaging state funds, the official Polish news agency said. It quoted prosecutors as saying the national bank of Poland and the state savings bank, PKO BP, were among institutions that had been
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      • 99 6 WELLINGTON The New Zealand Futures and Options Exchange board (NZFOE) yesterday considered a takeover proposal from the London Futures and Options Exchange (London FOX), but it would not make public a recommendation until its annual meeting on Aug 15, general manager for marketing Lincoln Gould
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    • 787 6 The BCCI collapse Agencies PANAMA CITY The Bank of Credit and Commerce International helped former dictator Manuel Noriega steal at least US$23 million (Ss4o million) from the national treasury, the Panamanian government says. The many-tentacled BCCI, which US and European investigators say ran
      Agencies  -  787 words
    • 336 6 Reuter LONDON A rise in arson, theft and property subsidence claims in the UK drove Commercial Union pic into a first-half loss and with premium levels still "inadequate", the company was cautious about the rest of the year. Commercial Union posted a £26.3 million
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    • 388 6 Reuter LONDON Banking and financial services group Standard Chartered pic said most of its £105 million (about Ss3lo million) debt charge in the first half related to one problem account. The company did not disclose, nor would it comment on, the identity of
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    • 394 6 AP LOS ANGELES French investors agreed to take over junk-bond casualty Executive Life Insurance Co in a deal that could pay policyholders 81 cents on the dollar, state regulators said. Regulators said on Wednesday that money from state insurance guarantee funds would
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    • 344 6 Asahi TOKYO A series of crashes on Japan's money markets devaluated the nation's huge corporate pension funds by nearly three trillion yen (Ss3B billion), trust and banking sources, which handle many of the funds, revealed. The extent of devaluation will
      Asahi  -  344 words
  • Page 6 Advertisements
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  • THE REGION/THE WORLD
    • 593 7 Report shows spotty recovery with some sectors worsening Agencies WASHINGTON The US so far has seen a "slow, uneven" recovery from the recession with economic prospects dimmed by weak retail sales, lacklustre factory demand and rising lay-offs of state and local government
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    • 564 7  -  Manila's economic growth rate expected to slow to I.spc By Alec Almazan SINGAPORE The Mount Pinatubo eruptions threaten to undermine recent improvements in the Philippine economy, according to the Hongkong-based Political and Economic Risk Consultancy Ltd. The firm in its latest Quarterly Risk Report on the
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    • 169 7 Reuter TAIPEI The Philippines is mounting a strong effort to win economic assistance from Taiwan in spite of the risk of offending China. Sources said yesterday that several members of the Philippine Cabinet were visiting Taiwan to seek loans, attract Taiwanese investment and ask the
      Reuter  -  169 words
    • 410 7 FT BONN Nearly one-fifth of the land of East Germany has been handed over to a German banking consortium which will try to sell it on behalf of the Treuhand privatisation agency. The Treuhand, which inherited two million hectares of farmland and
      FT  -  410 words
    • 230 7 AFP WASHINGTON The US and the Soviet Union signed on Wednesday a series of accords to step up regular exchanges on energy policy and oil production technology. The Soviets are the biggest oil producer in the world, but have seen their production decline
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    • 292 7 Reuter UNITED NATIONS A resolution permitting the sale of up to US$l.6 billion (SS2.B billion) worth of embargoed Iraqi oil over a sixmonth period was circulated late on Wednesday among all members of the Security Council. Buyers of the oil would
      Reuter  -  292 words
    • WORLD WATCH
      • 80 7 BEIJING China has responded positively to a Malaysian proposal to establish an Asia-Pacific trading bloc. A diplomat at the Malaysian embassy said on Wednesday, "The Chinese expressed a positive attitude towards the East Asia Economic Grouping. They said such a group is important
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      • 71 7 BEIJING China has agreed to allow its long-estranged landlocked neighbour, Mongolia, to use the port of Tianjin as a vital trade link to the outside world. The two sides signed a port agreement on Monday which would also permit the transport of goods through China
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      • 69 7 TOKYO Japanese Prime Minister Toshiki Kaifu embarks this weekend on a trip to both sides of the Great Wall, hoping to help nudge China towards democracy and a free economy and to encourage Mongolia to continue along a similar path. He will be the first head
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      • 74 7 CAMBRIDGE, Massachusetts One in four Americans is not planning to take a vacation this year, up from one in five just three months ago, according to a poll conducted by management consulting firm Arthur D Little. It also found that 30 per cent of those who had
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      • 96 7 TOKYO Taiwan's top representative in Japan has warned that Japanese firms may be excluded from contracts in Taiwan's six-year, US$3OO billion (SSSI9 billion) development plan if Tokyo's trade surplus with Taipei continued to swell. A month ago, Hsu Shui-teh stepped down as Interior Minister to take
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      • 57 7 TAIPEI Taiwan's National Science Council (NSC) has proposed a 15-year space development project to upgrade the country's space technology and which involves the launch of three science and technology satellites. NSC officials said yesterday that the NT$l3.6 billion (*****.4 million) project was submitted to Premier Hau Pei-tsun
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      • 66 7 BANGKOK The committee reviewing Thailand's intellectual property rights protection has agreed to provide more time for foreign patent holders to register their products in Thailand. A change to Section 6 of the Patent Act's draft amendment means companies will have up to 18 months to
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    • 333 7 Agencies SYDNEY Australia's sea-sonally-adjusted unemployment rate last month jumped to 9.8 per cent, the second highest monthly result in nearly eight years, according to figures released yesterday. Economists said that the jobless result, fuelled by the highest monthly drop in employment
      Agencies  -  333 words
    • 358 7 AFP CANBERRA The Australian government announced yesterday that it will toughen bankruptcy laws to prevent "high-flyer" bankrupts from maintaining lavish lifestyles, especially in foreign countries, without attempting to repay creditors. Justice Minister Michael Tate said that the moves would stop bankrupts
      AFP  -  358 words

  • 464 8 EDITORIAL BIRTHDAYS are neat milestones in a life, as much for nations as for people. Singapore's 26th birthday today is especially notable because it is the first National Day for the Goh Chok Tong government. The last 26 years have been a success story for Singapore, so
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  • WHAT THE OTHERS SAY
    • 338 8 WITH SPECULATION about an early general election in the air recently, Prime Minister Goh Chok Tong's disclosure last Sunday that it would indeed be held "way before" the end-1993 deadline has come as no great surprise to many. The longest Parliament has sat between
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    • 74 8 EUROPEAN COMMUNITY mediators do not look like they are succeeding in containing the problems in Yugoslavia. That country is heading towards disintegration and there is little hope that Serbs and Croats can get together in a confederation, let alone be good neighbours. Hence Europe is now facing a
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    • 121 8 NORMALISATION of ties between China and Vietnam is the trend of the times, and both countries can uphold socialism together. However, it is unlikely that they will return to the "comradeship and brotherhood" of the good old days. This is restricted by the national welfare of both countries
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  • REGIONAL VIEWPOINTS
    • 183 8 THE DYNAMIC GROWTH of the Malaysian economy has exposed the paucity of big-time players in the corporate and manufacturing sectors. The few giants that are around are, with few exceptions, under government control. The need for growth at this higher level of the two sectors
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    • 149 8 RESORTING to a special law to deal with jao pho (Thai for crime bosses) would be tantamount to admitting the failure of the existing law enforcement and criminal justice system. Instead of a special law, why not try enforcing all the existing laws and
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    • 150 8 FRANCE and English-language countries, such as Britain, Australia and the US, regularly see on their TV screens the seedier aspects of Thailand's social problems. This adverse publicity is not restricted to television. The world's print media receives a steady flow of reports on pollution, drugs, crime and
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  • 1013 8  -  Harish Mehta interviews Philippine Trade and Industry Secretary Peter Garrucho, a soft-spoken man with big ideas Harish Mehta PETER Garrucho, the Philippine Trade and Industry Secretary, is in a bind he has to implement a merger he opposes. The proposal is to merge the Department of
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  • Page 8 Advertisements
    • 122 8 flfl^H^S^Li H^r Scalpel...scissors...sutures._ Business Times Whether you're a surgeon, lawyer, contractor or engineer, all the current trends that affect them. you need to be kept well informed to maximise returns on m hssential information accessible every business day your money throUßh Busjm>ss Tj(WS In the same way a surgeon needs
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  • Page 8 Miscellaneous
    • 59 8 POONESBURY BY GARRY TRUDEAU neu, i Guess i better ~1 &760NG, THANKS FOR. SURS! HB'S OH.&AUX 7 k&L NOT THAT x/>nralJ X THE HERBAL TEA ANP BOOPSe'' HZ MEN- WW FONP UJHAT MAKES MANY 6LTYS SYMPATHY. MY KAMI'S OFCOURSd... JI W£OME, OF YOU, YOU THINK HAVE A TATTOO M£6, BY
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  • SPORTS
    • 379 9 The 73rd PGA Championship UPI CARMEL, Indiana lan Baker-Finch took a break on Wednesday during a practice round for the 73rd PGA Championship to get his back cracked. Baker-Finch, who last month won the British Open, has suffered from lower back pain since. He
      UPI  -  379 words
    • 403 9 Reuter CARMEL, Indiana Jack Nicklaus, winner of an all-time record 18 major golf championships, says the Crooked Stick course hosting the PGA Championship which started yesterday is the toughest yet. "I thought Hazeltine was tough," Nicklaus said, referring to the site of
      Reuter  -  403 words
    • 570 9 NYT SANTIAGO, Cuba In many ways, the competition being held in this coastal city on the eastern shore of Cuba might legitimately be called "the other Pan-American games". With the majority of athletes competing 1,120 km away in the larger, bustling capital city of
      NYT  -  570 words
    • 275 9 APT CINCINNATI, Ohio US Open defending champion Pete Sampras cruised to an easy 7-6 (7-3) 6-4 second round victory over Wally Masur at the US$l.3 million (552.26 million) ATP Championships on Wednesday, but pressure is already mounting on the young American to repeat
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    • SIDE LINES
      • 82 9 MELBOURNE New world squash champion Rodney Martin survived a hiccup before reaching the quarter-finals of the Australian Open yesterday. The 26-year-old dropped a game against Victorian Open champion Anthony Hill before going on to win the second round encounter 15-6 15-10 12-15 15-6. "I
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      • 78 9 BANGKOK Preecha Senaprom continued his mastery of the Royal Thai Army Golf Course with a third straight sub-par round yesterday, keeping Thailand in front after three rounds of the Putra Cup regional tournament. The Philippines moved into second place with another round of 215, giving
        78 words
      • 78 9 SYDNEY Fifty cars, 70 motorbikes and a fleet of buses carrying support staff left here yesterday on the first leg of the 8,000 km Australian Safari rally across some of Australia's most dangerous desert terrain. Although organisers are uncertain what the toll will be they are
        78 words
      • 73 9 SAN DIEGO The organisers of the 1992 Americas Cup have decided to accept corporate sponsors to help offset their money problems, even though the move could draw needed cash away from the American sailing teams. The Americas Cup Organising Committee moved on Wednesday afternoon to
        73 words
      • 101 9 ATLANTA Companies buying sponsorships in the Olympics had better have deep pockets because the price tag is expected to increase by the time the 1996 Games begin in Atlanta, according to sports marketing consultants. John Bevilaqua, president of Bevilaqua International, said he believes one or
        101 words
      • 89 9 MASON, Ohio Andre Agassi is happy to finally get a chance to play someone other than Petr Korda. Agassi, the fifth seed, met Korda for the third time in as many weeks on Wednesday in the Thriftway ATP Championship, and he survived a bout of
        89 words
    • 286 9 The Canadian Open UPI TORONTO Third-seeded Jennifer Capriati had little trouble in her first Canadian Open match, taking just 50 minutes to beat Erika de Lone 6-4, 6-0 in the second round on Wednesday. The match left Capriati with much enthusiasm and almost
      UPI  -  286 words
    • 314 9 AP TORONTO The Flying Maleeva Sisters would be a great name for a circus act if the threesome wasn't tumbling around the women's tennis tour. But buy a ticket to see the Maleevas and you'll still be sure to see something different: unique shots born from
      AP  -  314 words

  • Page 10 Advertisements
    • 240 10 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE 4 PRINCESS «>v if <TEKSiA.CE> ••now on Fridays and Saturdays From now on, our Chinese Porridge Buffet will be served only on Fridays and Saturdays from 10.30pm to 3.30 am but at the same
      240 words
    • 180 10 SCOTTS Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy the repertoire of our string quartet or solo pianist. Experience Hyatt Regency Singapore's new Scotts Lounge. I Ivan Reuem Singaporelo-12 Scutts Rind Singapore 0922 Td 733 1 188 "Live" band performance from
      180 words
    • 266 10 Feifc Cafe Plaza f% 1— 31 Ausu4t Tuck into wholesome hawker fare and m j) l indulge in local r*i -jfej S qa] /4» dishes like Nasi Padang, Bak Kut Teh -jfc3 —and Rojak, plus a ran 9 e °f tempting Adult: $l6f+ (lunch) Ch W: $10++ (lunch fv fy
      266 words
    • 218 10 "v > v j I S)fou> Our With over 60 traditional specialities at our e\trj\a J gant French buffet, better make your move before it §||S passes you by. We serve the world to you at The Belvedere. French Buffet Lunch Noon 2.30 pm Adult: $36+ Child below 10: $18
      218 words
  • Page 10 Miscellaneous
    • 722 10 TELEVISION AND RADIO 91 (L, Stereo). 1t.30 Religious fmmmtm, ttiflialCiae/Ski DAIVA |&BCI2 t.15 News(M). 12.00 NN News. BUSINESS ON RADIO a tniicinn a 8.35 Natty Boys End Game 12.15 PM Lughatui Quran. .111 I II I II II 7.00 AM CNN International (L). (Stereo). 12.30 PeHta Nati. BBC, 58.9 mHz
      722 words

  • LIFESTYLE
    • 1009 11  -  Elaine Louie says a yacht is not a necessity. It is an extravagant water toy which invariably shows how rich its owner is. The owner, therefore, lavishes more care and money on his yacht than on his home. Elaine Louie NYT A
      NYT  -  1,009 words
    • 533 11 CHATTERBOX THE PRINCE and Princess of Wales have sailed off on a lOth-anniversary cruise aboard a yacht somewhere off the Italian coast. While the cruise is shrouded in secrecy, the couple arrived in Naples on Wednesday amid much speculation in the European
      533 words
    • 552 11  -  Most high-fliers say they are happiest on holiday, even though half cannot resist the temptation to take work with them. Michael Cassell pores over a report put out by Hyatt Michael Cassell WHEN executives go on holiday they are quite likely to pack their dictating
      552 words
  • Page 11 Advertisements
    • 271 11 AND ENTERTAIN U.S. Food Promotion Savour the best of U.S. beef and lamb at Hubertus Grill from 1 to 31 August 1991. All steaks come with a Caesar Salad, Baked Idaho Potato, Grilled Tomato and a choice of Herb Butter, Bearnaise or Black Pepper Sauce. A Sterling 5-course set menu
      271 words
    • 50 11 Jbll. pi) Lobster SaM*#h Fresh Fruits ~~H§ Superior Shark's Rn with Chicken W/Spring Onions In Hot Sizzling Ptate Red Fish with Soya Bean Crumbs Winter Melon wtthßroccoi Braised Noodles with Shredded Duck fel .WMI.S |jj MAPLE LEAF Sze-Chuan Restaurant >11 390 Vctona #01-01/08Gokton Landmark Shopping Centre Singapore 0718 Tel: *****15/6
      50 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 4878 12  -  By Quak Hiang Whai SINGAPORE'S traditional National Day rally failed to materialise yesterday as share prices finished generally lower on the last trading day before the holiday weekend. Expectations of good economic figures in the second half also failed to provide
      4,878 words

  • 4002 13 Main Board Goodwood Park 1850 50 2.«% SI A Foreign 2000 30 +1.5% Jurong Ship 50« 905 +20 +2.3% S,A 1360 20 +1.5% UOI 251 +18 +7.7% F«yi Offset 20* 99 +1 IW» +13.1% Asia Pacific 1060 +10 +1.0% C Properties 670 +10 +1.5% Singmarine
    4,002 words

  • BT SHARE INFORMATION SERVICE
    • 286 14 Csatpaay Date Yaar Graap Itel Nat Mrntags Grots mn to praM/lass (L) par share dividend (*000) (cants) J Cement Aug 6 Mar 91 (3.126(11.771) 8.9(5.4) 7 5(25) HP Hldgs Aug 5 Mar 91 $6,032(12,334) 6.7(2.6) 10o(-) JC-MPH Aug 5 Mar 91 $13,474(115,408) 7.4(8.7) 6(5) M Credit Jul 31
      286 words
    • 220 14 C—fy Date Yaar Group pre-tax Mat aaraiags Gross ann to profit/lass (L) par tbara dhrMaad ('000) (cants) Malayawata Aug 2 Mar 91 M$51,065($31,216) 38(23.2) 7.5%TE(2%TE) Khong Guan Jul 30 Apr 91 $312l($316l) 4(4) Rash* Hussain Jul 24 May 91 M$68,223($30,105) 24 9(19 4a) 5(4 5a) Kamuntmg Corpn Jul
      220 words
    • 387 14 Company Date Half-year Group pre-tax Interim ann to profit/loss (L) dividend ('000) Amcol Aug 6 Jun 91 $16,523($20,876) D4C Bank Aug 6 Jun 91 M$52,254($35,872) Southern Bank Aug 6 Jun 91 M$23,959($21,300) FaS Aug 5 Jim 91 $15,347(117,495) (JOB Aug 2 Jun 91 $145.382g($139.065g) 8(8) UOF Aug 2
      387 words
    • 822 14 Aug 7 DBS Bank is to launch a new service caHed DBS Corporate Plus that allows interest to be generated from corporate current accounts. Jurong Shipyard said that a memorandum of understanding has been signed with a Middle East yard. The agreement covers a two-year period, which could
      822 words
    • 639 14 Current Ex Baoks Date Total tor Total far payment date daaa payaWa tho yoar last year AMP NYA(e) Jun 19 Jul 4 Aug 15 NYA 2.8( Mai Mdgs 50c 61(b) Sep 4 Sep 16 Sep 30 6? 6% Aw Pat Id 50C 2%(b> Jul 18 Aug 1 Aug
      639 words
    • 911 14 Prices as at 08.08.91 Conversion terms Pruiniein/ Expiry (discount) Amount Optional** using issued Company (mfl Wrts Share Loan Com Exer Lnstk Cask Cask. Loan Gearing Date Mtfcs units) stock ratio price noni Stk Left value S Burwill 115.2 0.240 0 690 1 00 1 00 80
      911 words
    • 441 14 Main Board last Full Yaar COTW Ptnod Date Year Net EPS Grots Net wnouictd mdn( (canb) dv prolt last jr»ar (T000) Carebos interim Apr 27 Jul 91 12.6 20 0TE(a) 38.911 Sport Land Intern May 4 Dec 91 12.6 100 44.641(g) Tonf Mtng Interim Aug 2 Dec 91
      441 words
    • 230 14 Company Rights Issue Bolton One-tor-four MS200 per share Ex-date Jul 16 Books dose: Jul 30 Acceptance I Payment: Sep 10 kfrn Hyd Four-tor five MSO 65 per share Ex-date Jul 2S Books dose: Aug 8 Acceptance Payment: NYA Nat Kap One-tor-two $0 80 per share Ex-date: Aug 13
      230 words
    • 532 14 Company Rights Issue fan Pk Land One-tor-two M$0.65 pef share llfcnci Ttdt One-for-one $100 per share BoKon Issue of $90 978m nominal amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the bass of S2 nominal amount of Bonds for every three existing shares
      532 words
    • 748 14 BONDS, LOANS WARRANTS Compaay Cmw«1m pwM CmwiIm tarn tar mm ardtaaary dura Bind Nt Before 30/6/94 1 warrant plus HK$1.00 casti C*C Nt Before 26/4/93 V warrant plus $109 cash Causeway Loan Causeway Nt 2/10/89 to 20/10/94 1 warrant pks $0 77 cash ar 1 warrant pto $0 77 nominal
      748 words
    • 404 14 Hut* Industries (M) Bhd: EGM at the Conference Room, 14th Floor, Bangunan Hong Leong, 117 Jalan Tun H S Lee, ***** Kuala Lumpur on Saturday, Aug 10, at 10am. SPK-Sentosa Corpn Bhd: 28th AGM at the Board Room, 13th Floor Wisma SPK, Jalan Sultan Ismail, Kuala Lumpur on
      404 words
    • 180 14 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 h*h: 1333.08 (3/6/91) 1991 1565 58 (3/6/91) 1991 low: *****2 (16/1/91) 1991 |JJ9.0B OJ/J/JJ) 1990 hi* 1435.43 (16/7/90) J"! 5? SIS 1990 tow. 981.07 (09/11/90) 1990 1079 50 (11/10/9°) 1322.00 (28/12/89) }»Jg-J Wtt/Jg 1989 tow: 917.42 (4/1/89) J 9 9
      180 words
  • Page 14 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 797 15 Bernama SHARE PRICES weakened over a broad front yesterday, extending their losing streak on further liquidation by institutional players. The KLSE Composite Index fell another 14.52 points to 564.88, its lowest since Feb 28, when it closed at 562.40. The KLSE
      Bernama  -  797 words
    • 3374 15 1991 Last Vol Day Net Cap High Low Company Sale -ooo High Low P/E Smil INDUSTRIALS 245 165 A1SB 50« 203 -3 41 206 203 49.5 208.2 560 310 ASM 50* 428 -28 524 452 428 38.2 1757.5 600 280 Acidchem 498 -7 34 505 496 214.1 685 192 Ajinomoto
      3,374 words
  • Page 15 Advertisements
    • 57 15 _.i i i i r—. Z-J r j J _j >• 1 i 1 1' A „1 Jjj still need I A \w] iaJJ Philip Yeo tells why the Economic HBy| Development Board M hasn't worked itself If A out of a job yet 1 1 ji *x** r t.
      57 words

  • TOKYO STOCK EXCHANGE
    • 2134 16 Reuter TOKYO STOCKS closed down yesterday on selling related to the expiry of August options. Trade was moderate. Players kept betting on which way expiry would move the market, with most leaning on the side of an upward bias. But brokers
      Reuter  -  2,134 words
  • STOCK EXCHANGE OF HONGKONG
    • 1912 16 Reuter HONGKONG stocks closed easier yesterday after partially recovering from a fall earlier sparked by heavy deposit withdrawals at Citibank branches, brokers said. The US-based bank denied rumours of financial problems which provoked the withdrawals. "The market was fairly quiet in the
      Reuter  -  1,912 words
  • Page 16 Advertisements
    • 29 16 Prices for Tokyo are provided by Telerate Prices for Hongkong are provided by Teierate Read Chartpoint, a guide to investing in the stock Market. Every Saturday in Business Times
      29 words

  • REGIONAL STOCK MARKETS
    • Most Asian markets end with losses
      • 978 17 THE Australian sharemarket ran out of steam yesterday after a big jump in the unemployment rate failed to revive hopes of an early interest rates cut. Dealers said a 50 basis point cut in official cash rates was now unlikely before the Federal Budget on August 20. "The jobs
        978 words
      • 629 17 Close Previous Aug 8 AUSTRALIA All Ordinaries Index 1,588.6 1,591.3 -2.7 All Industrials Index 2,421.8 2,425.8 -4.0 All Resources Index 947.9 949.5 -1.6 Turnover (million) 241.3 112.84+128.46 BANGKOK SET Index 699.89 705.99 -6.10 Turnover (billion baht) 1.92 2.25 -0.33 JAKARTA Composite Index NA 330.68 MANILA Composite Index 986.85 1,008.86 -22.01
        629 words
      • 746 17 THAILAND'S market index fell through the 700 point support level on bearish sentiment in thin trade yesterday. The SET Index lost 6.10 points to 699.89 on a turnover of 1.92 billion baht, the smallest in the past two months. Blue chips ended mixed. Siam Cement gained four baht to
        746 words
      • 555 17 SELLING by investors who wanted to get out of the market yesterday depressed Philippine shares in reaction to a rightist rebel warning of a new coup attempt against President Corazon Aquino, brokers said. The Manila Stock Exchange Composite Index lost 22.01 points to finish at 986.85 as prices fell
        555 words
      • 338 17 In load cuireocy In S$ In US$ day year day year day year Al< 7 Index change change change change change change Wor i d 410.5 0.6 14.6 0.5 9.6 0.4 10.4 1EAFE 526.2 0.6 11.9 0.6 4.9 0.6 5.7 Europe Z 433.9 0.6 19.0 0.4 3.7 0.3 4.5 SSfc
        338 words
      • 256 17 SHARE prices in New Zealand were mixed but the market was down overall on heavy turnover yesterday. Brokers said it was an interesting market with good two-way business and overseas buyers showing up in numbers for the first time since the July 30 budget. "It's fairly valued with
        256 words
      • 745 17 SEOUL shares slipped in active trading yesterday, with the Composite Index shedding 3.57 points to finish at 738.10. Declines led advances 473 to 230 among the 798 issues traded. Volume fell to 34.4 million units valued at 578.2 billion won, from Wednesday's 47.45 million shares and 819 billion won.
        745 words
      • 433 17 THE Taiwan stock index closed slightly higher after thin, quiet trade as many investors stayed away yesterday. The Weighted Index rose 28.05 points to 4,866.22. Turnover was NT520.17 billion against NT20.4 billion on Tuesday. Dealers said investors lacked trading interest because the market was too quiet to provide large
        433 words
      • 62 17 BOMBAY share prices fell broadly on Wednesday after the cash-strapped government hinted at a tax drive. The Bombay Stock Exchange Index fell 23.25 points to 1,657.44. The National Index dropped 11.13 to 796.42. Announcing a 10 per cent cut in fertiliser prices, Indian Finance Minister Manmohan Singh told parliament
        62 words
  • Page 17 Advertisements
    • 38 17 The Jakarta report was not available All prices are provided by Telerate For Home or Office deliveries of: Business Times, Straits Times, Sunday Times. LianHe Zaoßao, Berita Harian, Berita Minggu, Shin Min, LianHe Wanßao call our Hotline 749-2577 >
      38 words

  • WORLD STOCK MARKETS
    • Dow Jones marks time, Footsie surges
      • Article, Illustration
        1311 18 NEW YORK stock prices were narrowly mixed on Wednesday as investors consolidated their positions after Tuesday's rally. Blue-chip issues, which are good indicators of market sentiment, moved within a narrow range, while the broader market posted small gains in moderately heavy trading. The Dow Jones Industrial Average slipped
        1,311 words
      • Article, Illustration
        704 18 LONDON share prices rose on Wednesday with the broad-based Financial Times-Stock Exchange 100share index up 24.1 points, or 0.93 per cent, at 2,597.4 points, At its latest calculation, the narrower Fihancial Times-Stock Exchange 30share index was up 25.9 points at 2,014.9. Volume was a healthy 490.8 million shares compared
        704 words
      • 273 18 GERMAN share prices closed a moderately active midweek session firmer, pushing the DAX blue chip index just across the top end of its recent trading range. A higher close for the US Dow Jones index, a firmer finish for Tokyo's Nikkei index and higher German federal bonds triggered small-scale
        273 words
      • 116 18 Aug 7 Close Previous NEW YORK Dow Jones 3,026.61 3,027.28 -0.67 NYSE Financial 156.08 156.02 0.06 SAP 500 390.56 390.62 -0.06 Turnover (million) 172.2 174.6 -2.4 LONDON Financial Times 30 2,014.9 1,989.0 25.9 FTSE 100 2,597.4 2,573.3 +24.1 Turnover (million) 490.8 430.3 60.5 FRANKFURT DAX Index 1.631.43 1,611.90 +19.53 AMSTERDAM
        116 words
      • 253 18 DUTCH shares closed slightly higher in quiet trade on Wednesday. Dealers said option selling held back an earlier rise inspired by Wall Street gains and retail buying. "We saw some retail buyers, but it's not an overwhelming day," one dealer said. Attention focused on truckmaker Daf which closed at
        253 words
      • 175 18 EASIER US credit shook the Paris bourse out of its month-long torpor on Wednesday and spurred the market to its highest closing level in almost seven weeks. The CAC-40 Index finished up 22.91 points or 1.30 per cent to 1,782.44 its highest close since June 21, when it settled
        175 words
      • 259 18 SWISS shares ended a moderately active session on Wednesday slightly firmer as lower US interest rates helped sentiment. But dealers were sceptical that US financial markets would benefit significantly. The all-share SPI Index rose 3.7 points to 1,120.7, while the SMI Index of leading shares added 6.5 points to
        259 words
      • 179 18 PRICE gains on foreign markets failed to lift Italian stocks, which posted small losses for the third consecutive session in thin volume on Wednesday, brokers said. "Industrial groups and foreign investors are not intervening, and with the end of the account approaching, selling is dominating," one broker said. The
        179 words
      • 160 18 BELGIAN shares closed higher on Wednesday, helped by Wall Street's 38 point rise overnight and lower interest rates in the US and Europe. The session had a strong start but trading slowed and prices levelled out at midsession. Activity remained sluggish at the close after Wall Street's flat opening.
        160 words
      • 150 18 SWEDISH shares on Wednesday bucked foreign gains and closed lower for the fourth day in a row under growing selling pressure influenced by pessimism over corporate earnings and September's general election. "It is certainly serious when Stockholm falls one per cent while foreign bourses rise by a similar amount,"
        150 words
      • 399 18 IN JOHANNESBURG, the stock market drifted steadily around slightly easier levels throughout an uneventful session on Wednesday amid a lack of fresh stimulus. The market appears to have run out of steam after Tuesday's rally, dealers said, and caution is likely to prevail as investors search for clues to
        399 words
      • 256 18 TORONTO stocks firmed slightly in listless trade on Wednesday, with inter-est-rate-sensitive banks and utilities leading the market following Tuesday's drop in the Fed funds target, dealers said. "It was a rate play really," one trader said of the day's action. The trader said there was little interest in the
        256 words
  • Page 18 Advertisements
    • 58 18 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
      58 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1169 19 REPORTS ASIA Tokyo: European dealers sold the dollar aggressively in late Asian trading, testing and breaching briefly the 1.70 mark support level, while the US currency was little changed against the yen. "The Far East market tried to break it in
      1,169 words
    • 385 19 Cross rates Aug 8 USS SS MS Dm Yen SFr AS NZS USS 1.7235 2.7670 1.7035 135.75 0.5824 1.4935 1.2771 1.7406 SS 0.5802 1.6055 0.9884 0.7876 0.3379 0.8666 0.7410 1.0099 MS 0.3614 62.29 0.6156 0.4906 0.2105 0.5398 0.4616 0.6291 Dm 0.5870 1.0117 1.6243 79.69 0.3419 0.8767 0.7497
      385 words
    • 528 19 Interbank rates SS Bid Offer Overnight 5 5 1/4 1-month 5 1/8 5 1/4 2-month 5 3/16 5 5/16 3-month 5 1/4 5 3/8 Overnight mode: 4-7/8 US$ Bid Offer 7 days 5 5/8 5 3/4 1 month 5 9/16 5 11/16 2 months 5 5/8 5 3/4
      528 words
    • 287 19 Reuter PARIS France urgently needs to ease monetary policy to lift its economy out of the doldrums, but the franc's vulnerability means the government must sweat it out until the end of the summer, economists said. With the franc still pinned to
      Reuter  -  287 words
    • 256 19 Reuter SYDNEY Overt efTorts by the Reserve Bank to cap any rise in the Australian dollar and stop technical trading from spurring it higher are likely to keep the local unit trapped in a two-cent band over at least the next month, according to analysts.
      Reuter  -  256 words
    • 1110 19 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 94.20 94.25 94.20 94.23 6700 ***** 4410 Dec 91 93.89 93.95 93.89 93.92 ***** ***** 8467 Mar 92 93.80 93.85 93.80 93.83 3700 ***** 3115 Jun 92 93.41 93.44 93.41 93.42 2300 2711 772 Sep 92
      1,110 words
  • Page 19 Advertisements

  • COMMODITIES
    • 418 20 Reuter SINGAPORE A revised forward "open-spec" contract for naphtha is likely to start trading soon for delivery (cost and freight) in the first half of January tmund for Japan, trade sources said. The revision follows a meeting in Tokyo on July 18-19 organised by
      Reuter  -  418 words
    • 326 20 Bernama KUALA LUMPUR Malaysia expects to make its first shipment of palm oil to Iraq next month since sales to that country were interrupted by the Gulf crisis a year ago, a senior official of the Federal Land Development Authority (Felda)
      Bernama  -  326 words
    • 835 20 REPORTS THE PRICE of tin rose two sen to MS 15.42 per kg in quiet trading on the Kuala Lumpur Tin Market yesterday, in line with a higher overnight close on the London Metal Exchange. Dealers said the market closed
      835 words
  • 1357 20 Rubber Aug 8 MUOHiMm) S cents/kg Noon Close Int 1 RSS Prompt 138.7V139.75N 138.50/139.50N Int 1 RSS Sep 91 140 50/141 00 140.25/140.75 Int 1 RSS Oct 142.50/143.00 142.25/142 75 Int 2 RSS OP 139.50/141.SON I39.2V14I.25N Int 3 RSS OP 138.00/140.00N I37.7VI39.75N Int 4 RSS OP 133.50/135.50N 133.25/135.25N Int
    1,357 words
  • Page 20 Advertisements
    • 716 20 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 LIQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN that, l,ChcngTengß>ng of No 27, Brockhamplon Drive, Singapore 1955, have applied for a Ist Class Beer House Licence in respect of premises at M/s Town City Cafe at 1 Park Road, #05-01 People's Park Complex, Singapore 0105,
      716 words
    • 336 20 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 AND IN THE MATTER OF UNIVERSAL STAR PAPER (PTE) LTD (In Members' Voluntary Liquidation) At an Extraordinary General Meeting of the Company duly convened and held at Blk 3, Pasir Panjang Road #10-12 Alexandra District Park, Singapore 0511 on the Bth
      336 words
    • 25 20 Difficulty in getting a copy of Singapore Business. Her World, Go, Home Decor, Young Parents? Call our Hotlines 740-1839, 740-1840 for locations of nearest newsstands.
      25 words

  • 1152 21 CKy FHM ETA nuM rro MaDfcaM GA887 1245 GA894 2255 GA975 1300 Qfoei 1820 SQ228 1905 Aaotardaat SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 Mfcaaa SQ26 2200 to rid—d BAll 1225 SQ325 2115 Hnli Gf 148 1000 ■aMipapaa GA525/ 1755 910 nrrr MM
    1,152 words
  • THE TRAVEL PAGE
    • 649 21  -  POSTCARD FROM NEW YORK By James Barron JUST WHEN YOU thought you had seen your last little yellow happy face those silly, smiling relies of the 1970s and were almost certain that the phrase "have a nice day" had been banished from
      649 words
    • 150 21 As at 3pm yesterday: Local dollars to ooe unit of foreign currency Currencies Bid Offer Australian dollar 1.3426 1.3600 Canadian dollar 1.4840 1.5140 NZ dollar 0.9770 0.9968 Sterling pound 2.9400 2.9790 US dollar 1.7168 1.7208 Local dollars to 100 onto of foreign currency Austrian schilling 14.19 14.48
      150 words
    • 86 21 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Aug 6-9 IV Jewellery Buenos Aires. Rossi Heinlein $*****-9413 Aug 21 Building Hilton Inter- The Institute *****21 International Argentina Asociados SA 22 Profitable national Kuala of International Exhibition Brands Lumpur Research Aug 18-20 International Germany Mode Woche-
      86 words
  • Page 21 Advertisements
    • 35 21 Ronald you'll relish Finnair's Hambuig service. Finnair's 0855 arrival in Hamburg is just one of the timely arrivals at over 30 European destinations. Call *****77 for details. V/VlffiW We know Europe from start to FlnnUh.
      35 words
    • 111 21 FOR SUCCESSFUL MANAGEMENT OF YOUR BUSINESS 0 fY*? (y 1\ V Stories on labour and its relationship with rA vi I I management, management concepts in practice, profiles of leading managers in Singapore and ChD-^ 5 relevant book reviews. —V y~~\ ENTERPRISE MANAGEMENT, in Business 1 I Times every Monday,
      111 words
  • Page 21 Miscellaneous
    • 243 21 1 Value compliment lead, several reforms M|| ill |Hr jflf be for annulment (8) 10 Good men are not com- monly a 11 Give voice repeatedly and goal's the outcome! (8) 15 |H| 12 Shade required for some projected entertainment 14 Hold out against a period II 11 of conviction
      243 words
    • 202 21 Singapore Outlook: Showers over many areas in the late morning and afternoon. Report Maximum temperature 32.1* C Assoc humidity 63% Minimum temperature 24.7* C Assoc humidity 91% Hours of sunshine 5.35 Rainfall in mm Trace Rainfall this month 7.5 Rainy days this month 3 World forecast Asia-Pacific Hi/Lo* Cond. Aucidand
      202 words
    • 18 21 MY 'M -TgAV/... (Sv*JftßFg.Gft SiOftRFCGA 0 *n \r=: l PDOU V -37//^L O EVENING STANOARO CO. LTD., IM2-IMI
      18 words

  • 550 22  -  US banking regulators and Citicorp take issue with his remarks From Catherine Ong in HONGKONG HUNDREDS of depositors yesterday rushed to withdraw their money from nine branches of Citibank in Hongkong following uncomplimentary rumours triggered by a US congressman's comment that America's
    550 words
  • 376 22 The BCCI collapse SAN FRANCISCO A class-action lawsuit has been filed on behalf of depositors of the scandal-plagued Bank of Credit and Commerce International, charging that San Francisco's Bank America Corp knew about illegal conduct at BCCI but failed to disclose the information. The suit, filed
    376 words
  • 272 22 Reuter LONDON Luxembourg regulators may liquidate the Bank of Credit and Commerce International SA's operations unless non-British depositors are compensated, Luxembourg Monetary Institute director Jean Guill said yesterday. Mr Guill said the Monetary Institute, which supervises the Grand Duchy's banking sector, was
    Reuter  -  272 words
  • 197 22 BANGKOK Thailand will impose a tax surcharge on imported refined oil products in a move aimed at helping local refineries compete with cheaper imports, Bangkok Post reported on Wednesday. A surcharge of 5.5-satang (OJ7 Singapore cents) per litre will be levied
    197 words
  • 220 22 AFP JAKARTA A senior Armed Forces general has called for the Cabinet of ministers to include figures from all of Indonesia's three political parties rather than just the majority party, the Merdeka daily said yesterday. "Nowadays it is time for
    AFP  -  220 words
  • 391 22  -  By Yang Razali Kassim A T KEARNEY, a US-based international consultancy firm, has rejected a suggestion that the high percentage of Indonesian funds in Asian Currency Unit deposits in Singapore represents Indonesian capital flight. According to its vice-pres-ident, Alberto Lapuz, the size
    391 words
  • 297 22 Reuter JAKARTA Indonesia's attempts to attract investors to a dormant stock market are floundering because of high interest rates aimed at preventing the economy from overheating. Indonesian banks lowered rates by two percentage points to around 20 per cent last week, but
    Reuter  -  297 words
  • Page 22 Advertisements

  • Shipping Times
    • 347 23  -  By Rahita Elias SEA-LAND Service Inc of US and AP Moller-Maersk Line of Denmark, already partners on the the North America-Asia trade, have extended their cooperation to cover the Asia-Middle East/ Indian subcontinent route. The two carriers, using Singapore as the hub,
      347 words
    • 409 23  -  From Shirish Nadkarni in BOMBAY The Indian government is now seriously examining a proposal to allow Indian shipping companies to flag out. If the proposal is accepted, Indian lines will be able to register their ships in countries of their choice,
      409 words
    • 447 23 Reuter CHICAGO US airlines may have enjoyed higher traffic in July, but the discounts some carriers used to lure passengers most likely will take a chomp out of third quarter earnings, analysts say. Load factors the percentage of airline
      Reuter  -  447 words
    • 1201 23 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Aeropak Express 9 5 < AFS 15 2 < Ahrenkiel Liner 16 4 > Allied-Link 16 4/5 < Anglo Orient 16 1/2 ANL 3 1/2 < APL 5 3 A.P.C. Lines 13 5 A cWarehousing 15 4
      1,201 words
    • 388 23 Reuter TOKYO Japanese shipowners are worried an international proposal to protect the environment by requiring oil tankers to have double hulls will drive up their costs. The International Maritime Organisation (IMO), a United Nations group which sets international marine rules, is studying a
      Reuter  -  388 words
    • NEWS SUMMARY
      • 48 23 WHEN the Greek liner Oceanos sank last Sunday, press reports made much of the fact that the captain left the ship while about 170 passengers and crew were still on board. Captain Yiannis Avranas explains his actions to Barry James Page 2
        48 words
      • 37 23 PAN AM Corp is involved in discussions with lessors of its aircraft but will continue to fulfill lease obligations for the planes, a spokesman for the airline said Back Page
        37 words
      • 43 23 THE Japan Automobile Manufacturers Association (JAMA) on Monday called into question a recent University of Michigan forecast that US auto parts imports from Japan will more than double to U5525.7 billion (5544.5 billion) by 1994 Back Page
        43 words
      • 28 23 WHILE major airlines watchcd business fall sharply at the start of the Gulf crisis, passengers abounded at Britain's smallest international carrier Back Page
        28 words
      • 44 23 CHRYSLER Corp, which has been under pressure to increase its liquidity for several months, announced plans on Wednesday to issue 56 million shares of new common stock worth US$7l4 million at current market prices Back Page
        44 words
    • LOG BOOK
      • 56 24 MAASTRICHT, Holland The second exhibition on air traffic control will take place from Feb 18-20 next year in Maastricht, Holland at the Maastricht Exhibition Congress Centre. The ATC '92 will provide a platform for interested parties to discuss the introduction of
        56 words
      • 58 24 Local transport company Handee Express has purchased Data General's AViiON 4000 computer to replace its previous Olivetti system. The $250,000 computer will handle Handee's large volume of documents, using the company's existing software. Handee, set up in 1982, operates a fleet of 62 trucks in Singapore
        58 words
      • 72 24 AKRON, Ohio Goodyear Tire and Rubber Co said it completed renegotiating a U552.24 billion (553.85 billion) revolving credit facility with a group of more than 40 major banks. The company said it now has commitments of US$2.5B billion, of which US$2.3l billion is committed through June
        72 words
      • 85 24 LONDON Rover Group Ltd, a unit of British Aerospace Pic, said almost 5,000 of its cars were being shipped to the Soviet Union in a £50 million (S$ 147.5 million) deal. Rover said British-based trading company Orbicom Ltd had secured the order from Siberia
        85 words
      • 82 24 MUNICH German car-maker Bayerische Motoren Werke AG (BMW) said it plans to present a prototype for an electric car at the Frankfurt motor show next month. A spokesman said the battery operated vehicle would have a range of around 100 km. It was designed to show
        82 words
      • 66 24 NEW DELHI State-run Air India reported a record net profit of 810 million rupees (Ss3BB million) for the 1990/91 year ended March 31 against 710 million rupees the year before. India's main international carrier said stringent cost monitoring had helped boost profits despite higher fuel
        66 words
      • 58 24 RESTON, Virginia Lucas Aerospace said it will join the McDonnell Douglas Missile Systems Co team bidding to develop the Advanced Interdiction Weapon System (AIWS). If the team is selected, Lucas will design and manufacture the weapon's fin control system. Lucas described AIWS as a
        58 words
    • 1208 24  -  When the Greek liner Oceanos sank last Sunday, press reports made much of the fact that the captain left the ship while about 170 passengers and crew were still on board. Captain Yiannis Avranas explains his actions to Barry James Barry James IHT The
      IHT  -  1,208 words
    • 543 24 Aug S Carbon Carbon DowrtyWitir Residue Art Ahwrem Sodfcimrt OowrtyWiter Residue Ash Munroii tifcwl M/M M M Exxon Exxon KG/M*3% V/V t M/M X M/M PPM method KG/M*3% V/V M/M M/M PPM method ISO/Cmac Mts Spec E25 9911.0 15.0 0.10 30" 0 10* TTT 71 jT^T
      543 words
    • 281 24 THE DRY cargo freight market on Wednesday seasonally quiet though sentiment seemed to have turned more bullish, brokers said. The Baltic Freight Index rose one point to 1,437, its first rise since July 19. Spot rates are still soft but enquiry is increasing for Sept loading, brokers added.
      281 words
    • 12198 32 This is a list of ships loading at Singapore for ports around the world. It tabulates, by destination, the name of the ship, the shipping line involved and the estimated dates of arrival and departure from the Port of Singapore. Advanced dates are published for a maximum
      12,198 words
    • SHIPS IN PORT
      • 584 39 lit Berth km* Departs VetMl Voy No Berth Arm* Oepartue Marina Terminal I Lnn Valour J12 alongside 0908/0800 Batam Baru 681 M04 atorvside 0808/2300 21 17/91 J3 alongside 09 08/2300 E? ESS >■*.", Brasta® 1 31/91 M03 alongside 08.08/2300 J, 10W/2300 C«ra Jaya *****1 M05 alongside 08.08/2300
        584 words
      • 922 39 RECEIVING Of EXPORT FCL CONTAINERS AND LCL CARGO Record Boofchj/Babnce Rsib Ship ¥oy No Etb/Btr Period From To From Atad 912 09/1900 1 08/1500 08/1659 08/1900 Anro Asa ***** 10/0700 2 08/1700 09/0659 09/0900 3 09/0700 09/1159 09/1400 As Pegasus 311 10/1900 2 08/1700 09/0659 09/0900 4 09/1200
        922 words
    • 450 40 Reuter CHICAGO Pan Am Corp is involved in discussions with lessors of its aircraft but will continue to fulfill lease obligations for the planes, a spokesman for the airline said. Pan Am spokesman Jeffrey Kriendler declined to comment on the nature of the
      Reuter  -  450 words
    • 326 40 NYT TOKYO The Japan Automobile Manufacturers Association (JAMA) on Monday called into question a recent University of Michigan forecast that US auto parts imports from Japan will more than double to U5525.7 billion (5544.5 billion) by 1994. A JAMA study says the aftermarket
      NYT  -  326 words
    • 530 40 Reuter CAMBRIDGE, England, While major airlines watched business fall sharply at the start of the Gulf crisis, passengers abounded at Britain's smallest international carrier. With one plane, two routes, 15 staff and lots of enthusiasm, Suckling Airways was going strong as other, bigger
      Reuter  -  530 words
    • 491 40 NYT DETROIT Chrysler Corp, which has been under pressure to increase its liquidity for several months, announced plans on Wednesday to issue 56 million shares of new common stock worth US$7l4 million (Ssl.2 billion) at current market prices. As the smallest of
      NYT  -  491 words
  • Page 23 Advertisements
    • 26 23 Lines and services represented by Members of the Registry of Accredited Shippmg'JMWmV Agents, Singapore National Shipping Asso-UM>/Ji/l ciation. For advertising enquiries, contact Shipping Times: Tel 740-20H9/740-2090
      26 words
    • 232 23 mm i\ BT O^AU|A j I ft rtfal I Container Schedule 17 My PrwgMi 2 Index to Advertisers 1 SNppmg Gurie 10.11 Slips Port 17 Singapore Tries 17 Transport Diary 3 Veritas Report 2 Weather and Sea Conhbons 17 EXCEL-NAUTILUS SINGAPORE (1990) PTE LTD (Formerly Metro-Nautilus (Singapore) Pte Ltd) IMPORTERS-EXPORTERS-SHIP
      232 words

  • Page 24 Advertisements
    • 168 24 J EXCEL NAUTILUS f SINGAPORE (1990) PTE LTD EXCEL-NAUTILUS SINGAPORE (1990) PTE LTD (Formerly Metro-Nautilus (Singapore) Pte Ltd) IMPORTERS-EXPORTERS-SHIP PROVIDORS CHANDLERS u rS It has come to our knowledge that copies of a certain letter containing defamatory statements against us, are being circulated and published maliciously by certain parties. We
      168 words

  • Page 25 Advertisements
    • 2426 25 OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES tilV## TEL: *****11 FAX: *****09 \I|MMW BOOKINGS TEL: *****34 *****58 VfflßlV TEHMINAL/CFS TEL: *****18-220 r Kml n PESAKA JARDINE SHIPPING AGENCIES SON. BHD k \g?# J PORT KELANG TEL: *****18 FAX: *****91/*****88 p. T~7~—^« PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 Dedicated
      2,426 words
    • 3632 25 """""transporTdlarT™^ Aug Freight DocuWorld'it Cari^Hotd. a„d op^,o, s b, ta TWO SAILINGS TO USA Temu, Negotiation and Fixing, organised by Facs at SINGAPORE/TACOMA —18 DAYS ZitL- »„«sa™ uc cu(d SINGAPORE/LONGBEACH -19 DAYS Claims of International Trade Specific Issues, Contextual vmm voy eta I etd 'Port -pwwiq Practice and Operational Process,
      3,632 words

  • Page 26 Advertisements
    • 1178 26 ROTTEDAM/j VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE v LEVERKUSEN EXPRESS 02/331 12/8 is7e 31/8 3/9 4/9 UONOON EXPRESS 03/132 15/8 8/9 3/9 2/9 tSMfAMU KITANO 09/332 18/8 4/9 6/9 9/9 10/9 A fESTtOllttO l»i HAMBURG EXPRESS 04/133 22/8 14/9 10/9 9/9 KtlAJßft POUN6CARCO HANNOVER EXPRESS 04/333 25/8
      1,178 words
    • 664 26 SEASPAC SERVICE DKECT SOUTH PACHC SERVICE SIN NOiJ SUV PPT IS LA FLOREANA 2509E8 2/8 18/9 21/8 28/9 ALSO ACCEPTMG CARGO VIA SUVA TO LAUTOKA. PAGO PAGO. AHA NUKUALOAfA MRECT CHILE/ SOUTH AMERICAN SERVICE SIN IQQ ANF STO VAP CLX IS LA FLOREANA 2509E8 2/9 9/10 10/10 13/10 15/10 18/10
      664 words
    • 1619 26 REGULAR MOCPENOGNT FULL CONTAINER SERVICE WESTBOUND f6R EUROPE VSL/VOY SM ALG BCL MM BRE ROT ANT FEL UM (MA (VIA (VIA ALG) HAM) ROT) NORASIA PEARL 9122-3 12/ OS 03/09 04/09 07/09 09/09 09/09 10/09 11/09 12/ M NORASIA PRMCESS 9123-3 lt/0« OS/09 11/09 13/09 14/09 15/09 16/09 17/09 11/01
      1,619 words

  • Page 27 Advertisements
    • 2033 27 I "B riMj nn§ui 9 iffi av sgSteomers Maritime Holdings Ltd tM£ P&0 -^^AJTS^hipping Containers Mjg No Pee/+Pw|s>ere| Sou Ant Rot Mbj *rrf»T* DUE SAIS PCMNSULAA MY 0548 03/08 05/08 12/08 28/08 20/08 31/08 rUCfI IMOOE IMERSK 0110 lt/W 12/90 U/W 29/00 01/00 02/01 04/00 a# 10 lu. 11 Aur
      2,033 words
    • 1540 27 Dear Customers, Business Associates And Friends, Kindly Note That WE'VE MOVED TO #13-01/04 BANGKOK BANK BUILDING 180, CECIL STREET SINGAPORE 0106 TEL: *****12 TLX: RS ***** CYSIN FAX: *****33 SHIPPING PTE LTD o T«l: *****77 (12 Lin«t) Tlx: R3 ***** FLCONTR Fax: *****56 1 70 BHENTON WAY #04-028 MARINA HOUSE
      1,540 words
    • 426 27 STRAITS/ JAPAN/ STRAITS SERVICE I SPECIALIST IN RO-RO t HEAVY UFTS I mm. vor V K nc n I coaac ram 75 "55 bFpt ORANGE OCUH I*2 "55 "55 I MBMJQ e "55 I coaic rai 1 "55 ¥pt 1 XMN 1 "u/i trans wto 7i "u/i "T575 TNUMCEMAS 75
      426 words

  • Page 28 Advertisements
    • 522 28 93 CR NBR **********0-0 EXPRESS SEMI-CONTAINERSHIP SERVICE TO EUROPE VSL/VOT I STORE HMM/MMM H'BUKG BREMEN V(TNEtf KUTM/23W l/J 9/10 15/10 10/10 22/10 MKTMMI/30W 7/10 0/11 14/11 10/11 21/11 FAST TRANSIT TIME ACCEPTING BREAK BULK/CONTAINERISED CARGO Sufeftd to Inducement Alio cifQO to CMtblincii Port tatd, Port Alexandria, Qanoa, Trlaala. ALSO ACCEPTING
      522 words
    • 945 28 V HANJIN SHIPPING FEEDER VSL SIN LME HAUL LGB OAK luimiim nnxw 78/8 79/8 30/8 30/8 31/8 1/9 HANiM HAMBURG 007E 19/8 OftECT 9/9 12/9 Kunhn tfirnf 019* 2/8 29/8 30/8 31/8 31/8 2/9 3/9 HAHm VANCOUVER 006E 26/1 DIRECT 16/9 19/9 ■2522 fi/Q 7/1 8/Q 8/9 9/9 10/1 "A"*
      945 words
    • 76 28 Conventional ICI FCI Serine* To VKJCA UM. EIMH. NOiTH, SOUTH MMCt MCfK MO HMN OOM VESSELS AVAILABLE FOR SALE/CHARTCft/TftANSHIPMfeNT "SONG THAO" tU tMHHsfuWMm WW "A VESSEL- MADRAS/C ALCUTTA/CHITTAGONG/R ANGOON It/1/91 "AARON F- BKK/SATTAMP/VUNQTAU/PHNOM PENH KVMI -A VESSEL" COLO*WO/DUBAi/DAMMAN/KUWAIT *VMI "A VSL" JEOOAH/HOOEIDAH/ AO ABA M/S/S1 -O. SERAYA" -SM BAT AM
      76 words
    • 1207 28 JI —I -T -J -1J mwicaciuwiiinnrvmuiciiiiMcuiiiMnwiKnicaMi *1 I GDfTVT K417 15/1 10/0 20/1 22/1 23/> 20/0 2S/S 30/1 11/1 2/1 11/1 25/1 27/1 21/1 1/10 1/10 11/11 11/11 U/ll 21/11 2/U 0/11 7/11 I fIUBT K-090 21/1 22/1 27/1 21/1 »/l 2/1 4/1 5/1 (/I 7/1 1/1 21/1 2/U 4/11
      1,207 words

  • Page 29 Advertisements
    • 1590 29 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS* NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 AUST/INDIA/PAK SERVICE: *****18 CFS K27 EXPORT *****53/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 NEPLINE SDN BHD MALAYSIA K L -(03) *****33, P. Kelang-(03)
      1,590 words
    • 1013 29 SINSOV SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQUIRIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****87 KL: 03-*****75/697 PORT KELANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVICE) FULL CONTAINERSHIP SERVICES EASTBOUND—OBCHM6W6 TIAHSHTPCD Vl> ROTTERDAM mini w |m mc ¥ov IS |wa
      1,013 words

  • Page 30 Advertisements
    • 1570 30 K 4 4 AS AGENTS KAWASAKI SINGAPORE (PTE) LTD ICR No: **********0 M) mm W v TEL: *****77 TELEX: KAWAKIRS23I6S FAX: *****79 I |J MALAYSIA: "K" LINE MARITIME (MALAYSIA) SON BHD JL JU A TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1 ■MM KAWASAKI KISEN KAISHA, LTD INUONESIA: M.
      1,570 words
    • 721 30 \*S3 PMU OMNT UN€S PT€ LTD i 108 Robinson Road #07-00 GMG Building Singapore 0106 J&t jft' T»l: *****22/*****69/*****00 Talax: RS ***** PHIU FAX: *****76/*****36 BY AIR, LAND OR 5EA..... WE TAKE ON THE WORLD FOR YOU WO MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION Vfljf 7|( r 13 AUG MONTREAL,
      721 words
    • 417 30 f GOLDEN LINE GUAN GUAN SHIPPING |gO<\ (PTE) LTD 23, Telok Aver Street SINGAPORE 0104 TEL: *****H (10 LINES) Fu: *****04 (CR No. *****550B00W) BTKAITS PMBIAJ4 OULF lEKTICK S pore P. Keljng Pewtt GOUXN Ml KM Cotombc Kjractn Dute 2*21 Au| SOU** KM Cotomta /Karich Out* 2/4 S*» CHINA gag
      417 words

  • Page 31 Advertisements
    • 1464 31 SsPff PACIFIC INTERNATIONAL LINES (PTE) LTD mS&SSSSm M mMI PIL Building, 140 Cecil Street *0300, Singapore 0106. JAKARTA (BANGKOK 1 VESSEL voy sin jkt sin vessel voy SIN bkk sin EQUATOR MAS 14N 10/9 12/9 18/8 DiMJAwn N 0134 10/! 13/5 17/8 SUNQA TERATAI 323 11/8 13/8 18/8 JENUNK MN
      1,464 words
    • 1069 31 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Benavon' 268 9/8 26/8 27/8 29/8 30/8 JuMandia+ 266 H/8 31/8 1/9 Afosia
      1,069 words
    • 423 31 MYANMA FIVE STAR UNE (Myanmar National Lina) Loading for Yangon (Rangoon) S'poro P.KIf Pen P.Gdf MYOMA YWA VIMM In Pt MEXGU VIOIW In Pt 12/14 hut SM TAUNG GYI V422W 14/15 h« AVA VI lim 20/24 At* HPA-AN Vltew 18/11 Auf •■gA THE BANK LINE (A eenrtce of Andrew Weir
      423 words



  • Page 34 Advertisements
    • 692 34 TO AUSTRALIA/NEW ZEALAND Si iFrwi Ma* jSytf lAudi [Si IP CHAIM MARTHA I 275 14/* 25/1 "5571 3/» 575 aim HUMG 27« 25/1 1/5 7/9 11/J l«/» 11/S I>/S rrussei m 1575 IT/S zz/T™ IsTi 1/10 3/10 4/10 C VEROIME 27» 2/10 7/10 12/10 U/10 20/10 TO USA/CANADA «i T£i
      692 words
    • 848 34 BOBMiiiliililll— EXPORTS TO HONGKONG, TAIWAN t JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUND VOY Wt PEN MT -I SW I MNI HKG K»0 Kg TTO SM2 NGO KOB II VESSEL VOY 1 SIN jPKt PEN BLW SIN KX W«t 178 1> I I 131 17.1 111 23J 241 241 25
      848 words
    • 183 34 1 P.T "pi RUSAHA AN PELAYARa3 1 i W KALIMANTAN r DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Vessel ETA/ETO DESTINATION I NIAGA XXU Voy 18/91 10/12 Au| Jakarta/Palembani I NIAGA 42 Voy 13/91 15/16 Au( Jakarta/Palembanj NIAGA XXI Voy 18/91 19/20 Au( Jakarta/Palembanj I NIAGA XXH Voy 19/91 22/23 Au|
      183 words
    • 1738 34 /C~ TnWWWWITaI i K? CHINA OCEAN SHIPPING COMPANY w FULL CONTAINER LINER SERVICE MALAYSIA'S AGENTS SINGAPORE S GENERAL AGENTS WOWM AGENTS COSTAR SHIPPING PTE LTD P. KLANG TEL *****6/1 TLX MA ***** Jsm^^S/I^fKWP PENANG TEL *****1 HI MA ***** GUAN GUAN SHIPPING SDN BHD c* NO **********0 M J* "gj,
      1,738 words

  • Page 35 Advertisements
    • 616 35 BAKniiiiU GUARANTEED CON3OL TO:KEELUNG/KAOHSIUNG 14.8.91 HOHG KONG 11.8.91 BUSAN 11.8.91 BANGKOK 11.8.91 EUROPE 11.8.91 TOKYO/KOBE/YOKOHAMA 11.8.91 USA 11.8.91 AUCKLANO 23.8.91 FREMANTLE 14.8.91 SYDNEY/MELBOURNE 15.8.91 FOR BOOKING PLEASE CALL AT OUR HOTLINE 538-0155 (8 LINES) FAX: *****92 PLIABE CONTACT CAINI TAN, KATHLYN TAV, SOPHIA BAY OR KAREN SIM FAST DIRECT REGULAR
      616 words
    • 494 35 MARINE AGENCIES (S) PTE LTD TEL: *****33 (12 Llnoa) FAX: *****15/*****03 TELEX: RS ***** RI3HIP (3 LlnM) F ETHIOPIAN SHIPPING LINES (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL VOY ETA LOADING FOR SPORE ANCINET 24W8 23/0 a DARESSALAAM. MOMBASA*. DJIBOUTI ASSAB. MASSAWA ABYOT 25We 20/0S DARESSALAAM MOMBASA DJIBOUTI
      494 words
    • 1171 35 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD WE JOIN WITH ALL SINGAPOREAN IN CELEBRATING SINGAPORE'S 26TH BIRTHDAY FOR BOOKINGS ft ENQUIRIES PLEASE CONTACT: SINGAPORE PORT KELANG SEAWARD SHIPPING I TRADING 1 ,E TAL SHIPPING CORPORATION CO (S) PTE. LTD. TEL; L L 4WWWSM 1111. INTERNATIONAL PLAZA PORT KELANG 317*48
      1,171 words
    • 359 35 Bmfrd TBBHinE VBL VOY SINGAPORE MADRAS SINGAPORE t VESSEL VOY SM MM SM TIGER BAY 169 M 11-12/08 18-20/08 26-27/08 EAGLE CAPE OIC 12-13/08 21-22/08 28-28/08 VSL VOY SMQAPORE/CALCUTTA/SMGAPORE VESSEL VOY SW CAL SW TIGER RIVER 134CN8 04-13/08 19-24/08 30-31/08 EAGLE BREEZE 078 18-18/08 25-30/08 05-08/09 LHOTSE 407 24 25/08
      359 words

  • Page 36 Advertisements
    • 1044 36 S'PORE M P0RT;'*****02 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 UK®CAN/ME£P£RTS CCMiOMBCVS. AFRICA PEN PK m PEN p SIN rT. Cokrnib# 13/8 14/8 15/8 W'i J\ Ldn/Ftx/Rdm/Ant Durban/Pt Louis 9/8 10/8 11/8
      1,044 words
    • 411 36 BLUE STAR LINE TO FROM J/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS sm m ml in sin MUIBCRA 22S U/l 21/1 VIA NPI 23/1 9/9 MAHSURI 0502 27/8 1/9 MA NPI 10/9 27/9 PftOSKCT 14$ 1/9 20/9 VU NPI 22/9 FULLY CONTAINERISED SAILINOS DISCHARGING
      411 words
    • 1184 36 I THONG SOPH LIMES PTE, LTD. 77 ROBINSON ROAD #15-00, #18-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER I CONTAINS BMVICEB SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA vessel Ivor leta liest mm wt sp—t p.
      1,184 words

  • Page 37 Advertisements
    • 773 37 umum de vapores "PERUVIAN STATE LINE" ACCEPTMG BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARAM, 10* t OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Pananc* P. Kttaf Sniapon E'Mm KAHAMEYEKTT PTS/09 Auf 12/13 Au( BMNEVEKTT 12/13 Aug 14/15 A* SHAH.AEVEKTT 01/02 Sa# 03/05 Wgk "EVERETT ORIENT LINE"
      773 words
    • 518 37 Wl [*OY [STORE 1MA99.9Q |K»T jSAV WVC I OM T9MTE nil 14/1 M *<** 19/9 2 TM PI AT (X 14/( 2M KOREA 19/9 19/9 22/9 24/1 H/9 LEEWAAO n/l at HOMKON6 21/1 39/9 4/10 9/19 HI OSAKA IK 27/1 ZM KEELUN6 2/11 11/19 19/19 17/19 19/19 2M SYDNEY 125£
      518 words
    • 585 37 MUITI-MOOE SHIPPING PTE LTD I MIDDLE-EAST/PERSIAN GULF ACCimHQ FCL/LCL DUBAI. DAM MAN SHARIAH, DOHA. MUSCAT. BAHRAIN. ABU OHABI. BANDAR ABBAS. JEDOAH FAR EAST ACCimNO FCL/LCL PENANG. P/KELANG. JAKARTA. BANGKOK. HONG KONG, TAIWAN. JAPAN. MANIA. KOREA UK/EUROPE ACCEPTING FCL/LCL LONDON. FELIXSTOWE. LEEOS. TIBURY. ABERDEEN. IE HAUVE. HAMBURG. ROTTEROAM. ANTWEP. GOTHENBURG. COPENHAGEN
      585 words
    • 564 37 PERINTIS LINE 111 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PELOPOR 1000 10/08 13/08 DERAJAT 949 13/08 16/08 PRASETIA 189 A 15/08 18/08 PELOPOR 1001 17/08 20/08 TANTO UTAMA 185 16/08 19/08 TANTO UTAMA 187 24/08 27/08 TANTO UTAMA 189 01/09 04/09 General Agents:
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  • Page 38 Advertisements
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    • 484 38 $$Bomermt CONTERM FREIGHT (F.E) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION AUCKLAND 11 AUG ALSO ACCEPTR6 CARGOES TO;PORT VESSEL ETA NEXT BANGKOK CONTERM P. PROGRESS 13/1 20/1 JAKARTA CONTERM EDEN 13/1 20/8 PENANG CONTERM A. BHUM U/S 18/8 PORT KEIANG CONTERM SEROJA 10/8 17/1 EUROPE CONTERM MASAN 11/8 11/8 AUCKLAND CONTERM MULBERA
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    • 441 38 mrmmMifo T^A^-7/A/AT rff/y PENANG- KL: allied-link SINGAPORE: m 04-*****2 09-*****55 778 6522(22 lines) Marina Ong Susan Ng/Phlllp Km ken* Chang/Ealhar Yap I PLATOU PACIFIC \i Ifri SHIPPING SERVICES V""~ REGULAR FAN EAST N. AMERICA BREAKBULK SERVICE OWNERS' REP OFFICE TEL: *****11 SINGAPORE: FAX: *****59 CLIPPER HANSA AMETHYST V.030 KALMAR V.032
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    • 399 38 MANILA ETA VIGOUR SINGAPORE 6NB VIGOUR PACIFIC 43N8 17/8 BANGKOK 10/8 17/8 BUSAN 13/8 18/8 HONGKONG 13/8 22/8 DURBAN/PT LOOK 15/8 27/8 KEELUNG 8/8 13/8 USA 12/8 19/8 PT. KELANG 9/8 12/8 KOBE 12/8 19/8 PIRAEUS 8/8 19/8 OSAKA 14/8 21/8 JAKARTA 12/8 15/8 SURABAYA 9/8 12/8 CHINESE-POLISH I iggk
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  • Page 39 Advertisements
    • 1000 39 vOc v i NCDLLOYD WILL BE WITH YOU TRANSPORT DIV?S°on > T NedlloyJ /N »92 FOR EUROPE/MEDITERRANEAN VOTAINER CONSOLIDATION SERVICES: U THE ONLY CONSOLIDATE WITH WORLDWIDE NETWORK f] [O ZUUND/FUI I—l I J Weeklv FCLACL Services To/From J fw 1W Sn SDaya Auckland F«P(A) NJtymouth(A) Amaru LytMtan(B) Ount<fci(B) Nap* fMfagton(C)
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  • Page 39 Miscellaneous
    • 294 39 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR OM 01N «2M UM MM 0501 MOO I7M om MM 1M UMI2MI3MI4MISNIMI7MIIM DM 2M 21M 22N 23N JR 2.4 19 04 0.6 04 0.3 03 06 1.1 1.7 22 2.4 2.4 2.1 1.7 1.2 10 1.0 1.1 1.5 2.0 2.7 32
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  • Page 40 Advertisements
    • 822 40 CHARTPOINT Every Saturday in Business Times HYUNDAI MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST fgpn WY Ml WE I UHE HAU. VQY LBH OAK gA LM HAH WT TCM/StA PTI RAN Ml 202 024 12/01 13/01 15/01 H. CHALLENGER 44£ 09/09 14/00 17/00 MY BWDGf
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    • 153 40 RASH GUDANG/SJNGAPORE TWICE WEEKLY SAILINGS (TUEI SAT) VESSEL VOY P.GUDAN6 S PORE JOSINDO SATU 023S 09/8 10/8 024S 12/8 13/8 025S 16/8 17/8 026S 19/8 20/8 027S 23/8 24/8 028$ 26/8 27/8 RASIR GUDANG SINGAPORE (07) *****0/*****1 (02)534-0042 SSS 5 7 k t'T i m r» DAMAR SEGARA AGUNG LINES
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    • 472 40 CHARTPOINT Every Saturday in Business Times UK/CONTINENT (TRIO) --"tS m^m |rnH s TOM rdim tot H*. >m.t**i inwu» dwb «/ui i 2/» 11/1 in <*», im iokxjn evkss u/112 u/i 1/1 v» j/i >»*»— ►qy. KIT MO M/JJ2 IS/I 4/1 l/l l/l li/1 !—«Wlir W tntrMm MM a* ft** WWK
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