The Business Times, 15 August 1991

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Thursday, August 15, 1991 75®
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  • NEWS
    • 63 1 WASHINGTON Retail prices in the US rose a modest 0.2 per cent in July, a strong sign that inflation remains under control as the economy emerges from recession. The July rise in retail prices, which followed an identical 0.2 per cent increase in
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    • 47 1 KUALA LUMPUR The government has allowed the import of cement on a tax free basis from yesterday until Dec 31 this year to alleviate the problem of the shortage of cement in the country, said Finance Minister Datuk Seri Anwar Ibrahim.
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    • 41 1 THE HIGH COURT will allow Indonesian law experts to testify to determine which of the three contesting parties has the legal right to US$75 million (SSI29 million) of offshore funds kept with a bank in Singapore Page 2
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    • 21 1 THE Indonesian government will not change the current clove marketing system, confirms Trade Minister Arifin Siregar Page 7
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    • 25 1 THERE IS an urgent need to improve Thailand's poor image of political instability, pollution and prostitution, say hoteliers there Page 7
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    • 21 1 THE WHITE HOUSE has brushed off worries about a "brief' downturn for the US economy Page 9
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    • 20 1 JAPAN'S machinery orders fell by 19 per cent in June compared with the previous month Page 9
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    • 32 1 THE RECENT Mercedes advertisements have billed the Golden Classic as the cream of the Mercedes S-class "which has served for years as invaluable chaperon to kings and presidents" Page 15
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    • 22 1 AMERICAN men are increasingly confiding in other men about the nature of manhood and friendship itself. Page 17
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    • 26 1 SINGAPORE Shipbuilding Engineering's Indonesia associate company, which specialises in engine overhaul, is set to start operations next month. Shipping Tiroes Page 1
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  • MARKETS
    • 46 1 WALL STREET stocks were little changed in early trading yesterday amid indications that inflation is being kept at bay. The Dow Jones average of 30 industrial stocks was up 6.04 in the first half hour of trading but fell 1.12 points after one hour.
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    • 29 1 SHARE PRICES in London were higher at midday yesterday. At 1115 GMT, the broadbased FTSE 100-Share Index was up 20.2 points, or 0.7 per cent at 2,605.1.
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    • 25 1 CONSTRUCTION group Lum Chang expects to rake in about MSIOO million (Ss62 million) in sales proceeds from two Malaysian condominium projects Page 3
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    • 26 1 IGB Corporation Bhd and KL Kepong Bhd have teamed up with three Japanese companies to set up an oleo-chemical factory in Malaysia Page 3
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    • 27 1 INDONESIA'S largest detergent base producer, PT Unggul Indah Corporation, will rely on acquisitions and plant expansion to beef up its bottom line Page 4
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    • 31 1 JAPANESE prosecutors have indicted the former president of a trading house and three other executives on the heels of scandals in the securities and banking sectors. Page 6
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 694.52 +4.31 Kuala Lumpur ....569.58 +10.01 Tokyo 23,393.30 +521.30 Hongkong 4,079.01 +26.31 Sydney 1,552.1 -1.9 Tuesday Change New York 3008.72 7.38 London 2,584.9 +15.5
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    • 22 1 Exchange rates USS SS 1.7205 100 Yen SS 1.2614 MS SS 0.6192 Money market rates Overnight 5-3/16% +1/16 3-montn 5-1/4 unch
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    • 37 1 London Gold AM fix USS356.50 -US$0.75 Rubber S'pore Sep 140.25*/kg -0.25 M'sia Sep 226.50«/kg unch KL Tin Turnover 17 tonnes -39 Spot MS 15.40/kg unch Crude palm ofl Turnover 1,845 lots +87 Aug MS865 /tonne -4
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  • 534 1  -  By Anna Teo SINGAPORE'S first general election under Prime Minister Goh Chok Tong will be held on Saturday, Aug 31, more than two years earlier than required, and sooner than most people had expected. A brief government statement issued last evening said President
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  • 410 1  -  By Lee Han Shih IN ATTEMPTING to diversify from a maturing home market, Fraser Neave (F&N) is looking into setting up a soft-drink bottling plant in Vietnam. However, group general manager lan Maclean said yesterday that F&N, which is talking about a joint
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  • 81 1 rrs A BIRD! It's a plane! No, it's a class in session. This does not look like conventional teaching, and it's not. What it is, is a session from a new breed of schools which stress creativity, confidence and fun, over books and exams. Along the way
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  • 613 1  -  By Magdalene Ng, Diana Oon THOUSANDS of dollars changed hands in the financial community yesterday evening when the government named Aug 31 as Polling Day. With the stock market so lethargic, stockbrokers and remisers found plenty of time in the last few
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  • 485 1  -  Banks, finance houses to raise statutory reserves, limit car financing From Leslie Lopez in KUALA LUMPUR BANK NEGARA, Malaysia's central bank, yesterday announced wide-ranging measures to cool monetary expansion, dampen the fast rate of growth in consumption expenditure and cap rising inflation in
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  • Page 1 Advertisements
    • 274 1 CMMtti R6COIW C Seres FUJITSU TEN AMATEUR PHOTO STORES PTE LTO. Singapore: Phone. 235 1333 Kaata lumper: Phone. 757 0233 Pmmt Phone. 615 985/619 014 Jakarta: Phone. 374 065/*****72 M Marketing 14.15 KLSE 21 Weather 27 Aircraft Schedule 27 Money Changer Rates 27 World News 9 Commodities 26 Money Market
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    • 19 1 F&N to sell lOpc stake in Centrepoint, Pg 3 BT investment race: Turn to Pg 6 for money coupon
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    • 116 1 Rodenstoch Hock Lock Slew, Pg 3 KL finalises rescue plan for ailing discount houses, Pg 6 1 S 17 MY BRUNO MAO LI COLLECTION t Sole Agent: Marie* Marketing Pte Ltd Tel: 734 9696 Fax: 737 6892 j Boutiques: Centrepoint #01-30 Tel: 737 4509 Open Daily from 10.00 am to
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  • HOME NEWS
    • NEWS ROUNDUP
      • 133 2 US-BASED Ogilvy and Mather Public Relations (OMPR) Worldwide has picked Singapore as the site for its first Asian Public Affairs Unit. According to Steven Lyons, vice-chair-man of OMPR Worldwide, this was because of Singapore's strategic location and the ready market in the region
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      • 71 2 THE Government Parliamentary Committee for Defence and Foreign Affairs (GPC-DFA) led by its chairman, Ng Pock Too, visited the Singapore Armed Forces Training Institute (Safti) at the Pasir Laba camp yesterday. This was the third in a series of visits to Mindef installations by the committee under
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      • 71 2 MRS YU-FOO Yee Shoon, assistant secretary-general for the National Trades Union Congress and MP for Yuhua, yesterday said that Singapore workers would have to raise productivity to sharpen their competitiveness in the world arena. She also said that the concentration on training for additional employee skills
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      • 90 2 AT ANOTHER National Day observance ceremony at NatSteel, Dr Ong Chit Chung, chairman for the Government Parliamentary Committee for Education/Town Council and MP for Bukit Batok, said that organisations needed to empower individuals to give their personal best in their work. He said that positive attitudes in
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    • 365 2  -  Pertamina hearing By Chew Eng Han THE HIGH COURT will allow Indonesian law experts to testify at the continuing case to determine which three contesting parties has legal right to US$75 million (S$ 127.5 million) of offshore funds kept with a bank
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    • 292 2  -  By Sylvia Wong EXTENSIVE renovations are underway at Metro's Plaza outlet at Beach Road for the department store chain's first foray into the electrical goods market. When it re-opens next month, it will have a family store concept, with the audiovisual and
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    • 246 2  -  By Genevieve Cua THE developer of a $475 million golf course and holiday resort project on Batam island issued a statement yesterday that work on the golf course is proceeding as scheduled. The Japanese partner behind Talvas Golf and Resort, Komatsubara
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    • 258 2 ALMOST A YEAR after raiding shops that sold fake copies of its games, video games maker Nintendo has again swooped down on some retailers. This time, Nintendo's lawyers, Drew and Napier, raided 14 shops selling games which were said to have infringed
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  • Page 2 Advertisements
    • 124 2 j m anagers AAu# W lanage BT shows you how every Monday. 1 PROPERTY CONSTRUCTION SUPPLEMENT 1981 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
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  • COMPANY NEWS 1
    • 483 3  -  Two projects situated on fringe of Golden Triangle From Lilian Ang in KUALA LUMPUR LISTED construction group Lum Chang will rake in about Msloo million in sales proceeds from two Malaysian condominium projects. This could be its prelude to wider property ventures up
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    • 383 3 Bernama KUALA LUMPUR IGB Corp Bhd and Kuala Lumpur Kepong Bhd yesterday entered into a joint-venture agreement with three Japanese companies to set up an oleo chemical factory in Rawang near here. One of the Japanese partners, Mitsui Co Ltd,
      Bernama  -  383 words
    • 157 3 Bernama KUALA LUMPUR Bandar Raya Developments Bhd has reported a 20 per cent increase in its group pretax profit to M 58.46 million (Sss million) for the half-year ended June 30 from $7.06 million recorded in the previous corresponding period. Group turnover rose by 40
      Bernama  -  157 words
    • 432 3 SLUGGISH conditions in Singapore's hotel and tourism sectors has taken its toll on the performance of Shangri-La Hotel Ltd. The company released interim results yesterday showing a sharp 17.7 per cent fall in turnover to $58.08 million and an even sharper 54
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    • 667 3  -  THE HOCK LOCK SIEW COLUMN By S N Vasuki SINGAPORE stockbrokers reportedly spent the better part of yesterday speculating about the date of the forthcoming general election and the number of seats the ruling party would win. This proved to be a serious exercise:
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    • 303 3  -  By S N Vasuki BATU LINTANG Rubber yesterday went on a buying binge aimed at giving it more than a foothold on property development, hotels, financial services and the timber and marble businesses. The proposed acquisitions of as many as a dozen companies will
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    • COMPANY BRIEFS
      • 71 3 UNITED ENGINEERS Ltd yesterday informed the Stock Exchange of Singapore that Mechanical Systems (Malaysia) (MSM), a wholly-owned subsidiary of Mechanical Systems Singapore Pte Ltd (MSS), is now in voluntary liquidation, Arrangements are also underway for voluntary liquidation of MSS and another subsidiary, Cel-Buildings (S) Pte
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      • 21 3 OVERSEAS UNION SECURITIES' unaudited net tangible asset backing per $1 share as at July 31 was $2.75.
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      • 76 3 EAST ASIATIC Co (M) yesterday announced unaudited results for the six months ended June 30, which showed a 20.5 per cent rise in group net sales and a 9.7 per cent rise in after-tax profit. The company has declared a gross interim dividend of five sen
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      • 45 3 KUALA LUMPUR Industries Holdings Bhd has reported M$ 13.78 million in its group consolidated pre-tax profit for the financial period ended March 31. Announcing its unaudited preliminary results in Kuala Lumpur yesterday, the company said group turnover was M 562.60 million.
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    • 272 3  -  By Sylvia Wong ON THE HEELS of its proposed asset swop with Pidemco Land, the Fraser Neave (F N) group is looking for more partners to take up a 10 per cent stake in its property arm, Centrepoint Properties Ltd (CPL). F&N holds
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    • COMPANY BRIEFS
      • 60 4 HONGKONG Hysan Development Co Ltd said negotiations are underway which may result in the disposal of numbers two and three Garden Terrace, a residential property on Hongkong island. The property investment and development company said no agreement in principle had been reached so far
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      • 73 4 JOHANNESBURG The De Beers diamond mining and sales giant said the combined diamond account of its local and offshore operations fell 16 per cent to US$4l2 million (SS7OB million) in the first half of 1991. The group earlier reported a 14 per cent fall in
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      • 97 4 PARIS Bull CPB, a unit of French computer maker Cie des Machines Bull, gave Japan's Hitachi Ltd a licence to make integrated electronic circuits based on Bull's "smart card" microchip architecture, Bull said in a statement. The company said it would not disclose the
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      • 68 4 TAIPEI Taiwan's China Investment and Development Co (CIDC) plans to set up a US$2OO million (***** million) petrochemical joint venture in South Africa, company president Shih Ta-shao said. The venture would be set up with South Africa's Sentrachem Ltd in Mossel Bay, Mr Shih
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      • 49 4 ESSEN, Germany Germany's biggest retailer Karstadt AG said 1991 first-half sales rose 18 per cent to 8.4 billion marks (SSB.3 billion) from the same 1990 period. A Karstadt statement said sales, excluding sales at its travel agency, climbed 8.9 per cent to 5.41 billion marks.
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      • 66 4 LONDON General and life insurer General Accident pic held its dividend at the half year and said the UK recession would guide its policy at the full year stage. General Accident held its interim dividend at 9.7p and said it lost £101.5 million (*****.35 million) before tax
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    • 679 4  -  Move needed to maintain bottom line as tax holiday expires From William Chia in JAKARTA INDONESIA'S largest detergent base producer, PT Unggul Indah Corporation (UIC), is counting on acquisitions and plant expansion to sustain its bottom line now that it has to
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    • 239 4 AFP BANGKOK. The takeover of the debt-rid en Canadian engineering fin i Lavalin Inc, described in C inada as one of the largest orporate failures\m recent memory, has caused grave :oflcern here where com any is due to build an.
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    • 481 4 Reuter PARIS Colourful French entrepreneur Bernard Tapie has brought new investors into his German company which holds a 95 per cent stake in sports shoe maker Adidas, Groupe Bernard Tapie said on Tuesday. Among them is Britain's Pentland pic, which last March cut
      Reuter  -  481 words
    • 249 4 Reuter LONDON Polygram NV, one of the world's top three record companies, said it was putting priority on organic growth and not planning another major acquisition. "We are mostly investing inside...to grow," chief executive Alain Levy said in an interview. "We've been looking at some
      Reuter  -  249 words
    • 293 4 Bernama KUALA LUMPUR Datuk Abdullah Ahmad won the latest round in the board tussle for control of SPK-Sen-tosa Corporation Bhd and was appointed chairman of the board yesterday. Sharikat Permodalan Kebangasaan Bhd (SPKB) late last night announced that Datuk Abdullah replaced Haji
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    • 407 4  -  Malaysian share scandal From Leslie Lopez in KUALA LUMPUR MALAYSIA'S plans to charge the former chief of stateowned BBMB Securities Sdn Bhd for unlicensed trading took an unexpected twist yesterday when a Singaporebased merchant bank said it was never involved in any of the alleged share
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    • 758 4  -  MARKET TALK By Duncan Mount The writer is the marfjmng director of CEF Inves&ent ManagemenrLtd FOR THE last years 40 years, Taiwan has performed an economic miracle and has been able to report almost uninterrupted economic growth. This achievement is perhaps all the more
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  • Page 3 Advertisements
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  • Page 4 Advertisements
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  • Page 5 Advertisements
    • 159 5 BY THINKING AHEAD,WE'VE CUT DOWN PAPERWORK INSTEAD OF TREES. The magnificent forests. Our source, through the ages, of life- environment can come to its rescue. That's why we've begun new oxygen and medicine simpfy by saving paper supporting oxygen for earth's ecosystem. And half our medicine. research into clean energy
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  • FINANCIAL NEWS
    • SMALL CHANGE
      • 71 6 SINGAPORE From today, DBS Bank will charge a quarter percentage point more for its housing loans for all durations. The bank will charge 6.5 per cent for housing loans of up to five years; 6.75 per cent for six to 10 years; and
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      • 66 6 OSLO Norway's second biggest bank, Christiania Bank og Kreditkassen, said it would post a 300 million kroner (Ss76 million) loan loss from its loans to troubled shipping firm Fearnley Eger in the first half of this year. Kreditkassen, which reported a net 279 million crown loss
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      • 88 6 TOKYO Industrial Bank of Japan (IBJ) yesterday dismissed a press report that its president, Yo Kurosawa, could be forced to resign in the wake of a new loan scandal. An IBJ spokesman made the remark following an Asahi Shimbun report yesterday morning that IBJ, the
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      • 67 6 TOKYO Non-bank financial institution Equinon Co Ltd has requested that its lead banker, Dai-Ichi Kangyo Bank Ltd, and other banks holding its bonds provide financial support so the company can be restructured, an Equinon spokesman said. The Tokyo-based firm, which changed its name from
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      • 74 6 TOKYO State Street Bank and Trust Co, a subsidiary of State Street Boston Corp is planning to acquire Manufacturers Hanover Corp's wholly-owned Japanese trust unit, Manufacturers Hanover Trust Bank Ltd, focal news agency Jiji said. The purchase had been planned from before the announcement
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      • 76 6 TORONTO Canada's Csl.B billion (552.7 billion) fourpart offering was well priced and met with good demand, lifting prices across the board, Canada bond dealers said. "It went very well," a trader said. "It was well priced by the Bank (of Canada)." He added that investors
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    • 213 6  -  By Kooi Cho Teng MORE THAN 300 company representatives are expected to turn up at the launch today of Corporate Plus, DBS Bank's latest strategy to woo corporate accounts. The outstanding feature of Corporate Plus is the inter-est-paying capability for corporate current accounts. at
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    • 504 6 Rising rates and growing competition cited as reasons for huge losses MBT KUALA LUMPUR Malaysian discount houses, hit by rising interest rates and increasing competition from banks and finance companies, arc in dire straits, prompting the government to plan a rescue package.
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    • 320 6  -  By Quak Hiang Whai SINGAPORE Union Bank of Finland Ltd (ÜBF), which runs an offshore branch and merchant bank in Singapore, has completed a major corporate restructuring in Finland. In the restructuring, which was completed last month, a new subsidiary was created to take
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    • 334 6 Agencies TOKYO Prosecutors indicted on Tuesday the former president of a trading house and three other executives on the heels of scandals in the securities and banking sectors. Yoshihiko Kawamura, former president of the Osa-ka-based Itoman Corp, and Sadamu Takagaki, former vice-president, were
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    • 512 6 Japan's financial scandal Reuter TOKYO The Ministry of Finance (MOF), under fire /or lax supervision of Japan's scandal-hit financial industry, is racing against the clock to hammer out revisions to Japan's Securities Exchange Law, MOF officials said. The MOF has vowed to send amendments to
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    • 384 6 IHT PARIS An apparent reluctance by international banks to lend to US banks and a voluntary cutback by Japanese banks resulted in an unprecedented contraction in the international interbank market during the first three months of this year, the Bank for International Settlements reported
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    • 373 6 Reuter BASLE Commercial paper is likely to become more attractive for investors as tighter capital standards raise the cost of alternative shortterm borrowing from banks, according to a report released yesterday. The flexibility of issue and placement procedures and the wider range
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  • Page 6 Advertisements
    • 229 6 The money coupon below is worth $20,000 in our BT Investment Race Contest #5. Cut it out and collect the coupons daily from August 12 to 16,1991 V" k for a total value of $100,000. In the August fl/ffijh nWUU 1 17,1991 issue of Business Times, you will find m'if
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    • 93 6 iiijj 11AM THURSDAY AUGUST 29, 1991 ON-SITE. 97 Murray Street Central Perth, Western Australia. LONG LEASE TO MISS MAUD SWEDISH STYLE HOTEL/ RESTAURANT Title Particulars The land is held as an Estate in Fee Simple and is described as part of each of Penh Tbwn Lots QlO and Ql2 the
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  • THE REGION
    • 365 7 Minister denies reports that scheme has failed to help growers JAKARTA Indonesian Trade Minister Arifin Siregar has made it clear that the government will not change the current clove marketing system and has denied reports that the system has failed to help improve
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    • 226 7 AFP JAKARTA An Indonesian newspaper said yesterday that Singapore should avoid weakening the unity and cohesion binding the six members of Asean. "Singapore should remember its membership in Asean. It should not harm the unity and cohesion which has become the spirit of
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    • 221 7 AFP MANILA Philippine big business took out full-page newspaper advertisements here on Wednesday to press the senate to ratify a proposed new military base treaty with the United States. The advertisements, appearing in several major Manila dailies, warned that a rejection of
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    • 428 7 Reuter CANBERRA Two months after Paul Keating lost a leadership challenge to Australian Prime Minister Bob Hawke, there are signs that life on the back benches of Parliament is cramping the former Treasurer's style. Another run at Mr Hawke is almost inevitable,
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    • 337 7 BANGKOK Thailand's position in the world tourism market remains strong but there is an urgent need to improve the country's poor image of political instability, pollution and prostitution. This is the view of general managers of recently-opened hotels as well as hotels
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    • NOTE BOOK
      • 96 7 JAKARTA Businessmen have been invited to invest in a multi-million-dollar tourist resort planned in the Anai valley in West Sumatra. A local company, P T Andalas Anai Permai International, in cooperation with a local businessman has appropriated some 400 hectares of land between
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      • 66 7 JAKARTA Forty companies have been taken to court m various provinces in Indonesia during the past two years for violating labour laws, says a senior government officer. Payaman Simanjuntak, director-general for the education and supervision of workers of the Ministry of Manpower, said the violations included
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      • 69 7 MANILA Exiled former Philippine first lady Imelda Marcos said in a TV interview telecast yesterday that she has no plans to run for the presidency in the 1992 elections but that her children may run for seats in the Congress. "I have no
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      • 78 7 HONGKONG Hongkong's unemployment rate rose to a record 2.4 per cent in the second quarter of the year, but analysts expect it to drop in coming months following the go-ahead for the territory's new multi-billion-dollar airport. Seasonally-adjusted Census and Statistics office figures, issuect on Tuesday,
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  • Page 7 Advertisements
    • 132 7 X K CHRONOGRAPH WATCH I THE SPIRIT OF JAGUAR lAGUAk The Jaguar XK chronograph watch: Swiss precision and English prestige in perfect harmony. M Equipped with automatic mechanical movement, three-dial chronometry for seconds, \A/"ltr*nOC minutes and hours, calendar and tachometer. Available in solid-gold and twocolour model, V VUIL.I Inlaid with
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  • THE WORLD
    • 434 9 Government report brushes off fears of downturn Reuter K.ENNEBUNKPORT, Maine While experts squabble over the precarious state of the American economy after a painful year of recession, the White House on Tuesday brushed off worries about a "brier' downturn, saying that foreign economies are uncertain
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    • 326 9 FT TOKYO Providing cvidcncc of a deceleration in the economy, Japanese machinery orders fell by 19 per cent in June compared with the previous month and by 93 per cent on the same month last year, according to season-ally-adjusted figures released on Monday by
      FT  -  326 words
    • 299 9 FT NEW DELHI The Indian government has sought to boost exports further by increasing incentives to companies setting up in export processing zones. Among the first liberalisation moves announced by the new government on Tuesday was a substantial removal of import controls
      FT  -  299 words
    • 439 9 FT BONN The economic upswing in eastern Germany oould be jeopardised if the Bundesbank raised interest fates yesterday as expected, according to the German Economics Minister. Speaking to journalists in Erfort in Eastern Germany on Tuesday, Jurgen Mollemann said that the
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    • 44 9 OSWEGO, New York A state of emergency was declared at the Nine Mile Point nuclear power plant following an alarm system malfunction on Tuesday. Officials said there was no problem but they closed the plant as a precaution.
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    • 256 9 Reuter KENNEBUNKPORT, Maine The Bush administration has said it will not be in America's interest to help Moscow avoid tough decisions necessary for reform. The National Security Strategy of the United States, an annual report sent by the White House to
      Reuter  -  256 words
    • WORLD WATCH
      • 87 9 WASHINGTON A United Slates Agriculture Depart mettf official is optimistic that a final Gatt agreement can be reached before the end of the year. Richard Crowder, a USDA under-secretary, said on Tuesday that the US had not changed its position on farm
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      • 81 9 SEOUL A senior Japanese official has proposed that Tokyo and Seoul show a common front in the face of international pressure to open their rice markets. Japanese Economic Planning Minister Michio Ochi, who visited Seoul from Sunday to Tuesday with Japanese law-makers for an
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      • 62 9 BEIJING Top Chinese trade officials will leave for the US on Saturday to soothe tempers over China's mounting trade surplus and patchy record on copyright protection. The team, to be led by Vice-Minister of Foreign Trade Tong Zhiguang, will include diplomats and officials from
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      • 73 9 WASHINGTON US Commerce Secretary Robert Mosbacher confirmed on Tuesday that Taiwan and South Korea broke bilateral agreements by allowing illegal driftnet fishing, a move that could lead to their seafood exports to the US getting cut off. Under US law, Mr Mosbacher may recommend to President
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      • 91 9 TOKYO Japanese Prime Minister Toshiki Kaifu appears increasingly popular in spite of the scandals in which his government is mired. The Tokyo Shimbun, said yesterday that a nationwide poll it conducted last weekend showed approval of Mr Kaifu and his Cabinet had risen 3.7 points to
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      • 51 9 LONDON Britain is to finance a £450,000 (SSI.3 million) feasibility study for a new market-oriented Soviet financial institution. The four-month study would start immediately and be paid for from a £50 million British Know How Fund for the Soviet Union, the Foreign Office said on
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  • Page 9 Advertisements
    • 8 9 Japan: economic titan of the *****, Pg II
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    • 65 9 I RxJfjr RALI>H Luvjkkn W Till-: ISL\< kWATCII COM JCTION Boutiques: #1)1412, The Promenade, Tel: *****0b. #02-40, Wisma Atria. Tel: *****13. #02-05/'ob. Palais Renaissance. Tel: 734(1302. r S£h-■**. >•. v< :sc Corners: Level 2, Tokyu Department Store, Tel: *****01 r Level 1, Haliey's Department Store, Tel: *****61. Level 1, Singapore
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  • 504 10 EDITORIAL THE SHORTAGE OF educational facilities for children of expatriates is a worrying trend. The worry is many times greater for those who have relocated here on the assumption that places in schools would be available. The American, British and French business communities have been vocal in
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  • WHAT THE OTHERS SAY
    • 212 10 THE Prime Minister, in speaking of the growing gap between the able and affluent and the less able and less well-off, has touched on a source of potential conflict within Singapore society. The less able show signs of resentment and envy while the able and affluent
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    • 161 10 MANY Singaporeans are touched by PM Goh Chok Tong's maiden speech at the recent National Day Rally. Many of the issues are close to the hearts of the majority the old-age problems, health costs, the competition between the abled and not abled. The speech was well-crafted. It
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    • 146 10 THERE is no doubt that Mandarin is the tool to express the spirit of Chinese culture. Delegates at the World Chinese Entrepreneurs Convention showed us that many Chinese emigrants may have achieved immense economic success and blended in the culture of their destinations, but they still have
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  • REGIONAL VIEWPOINTS
    • 177 10 THE government here, which is highly conscious of the religious attachment of its people, has decided to focus the development programmes on developing citizens with integrated and morally-intact personalities. Although the tremendous development of information technology has changed the attitudes of many people here, we don't need to
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    • 177 10 THE foreign labour role in agricultural and construction, largely filled by Thais, Indonesians and Bangladeshis, has assuaged the shortage in these sectors. As the Deputy Prime Minister says, without foreign labour, Malaysia would have lost $6 billion (553.7 billion) a year if the rubber trees had remained untapped
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    • 157 10 THE Far East is a unique place where the security of China, the Soviet Union and the US through its military alliances with Japan and South Korea is jointly at stake. South Korea and North Korea are, strictly specking, still in a state of no
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  • 951 10  -  Stacey Marcus and Nuala Slansky take a look at the different "rules" for different cultures and the do's and don'ts during a business meal. Stacey Marcus, Nuala Slansky The writers are lecturers of Nanyang Technological University THE long-awaited business trip to the
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    • 57 10 A BOLD DEVELOPMENT 10 HOE CHUNG RD i Easy access via ECP and AYE 5-minute walk a >* from Tanjong Pagar MRT Column-free office space Computerised building management 1 sjjjr system Conference facility High speed lifts Ample carpark lots OFFICES FOR LEASE.READY IN EARLY 1992 DtVILOPM: SOLS MARKtTIHC ACiNT: Mansfield
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  • Page 10 Miscellaneous

  • ANALYSIS
    • 1403 11  -  Kenneth Courtis traces the phenomenal growth of the Japanese economy. Kenneth Courtis The writer, strategist and senior economist of Deutsche Bank capital markets. Tokyo, is chairman of the planning committee of the postgraduate School of International Studies in Tokyo. THE Japanese economy has surged
      1,403 words
    • 1249 11 Title: The House of Nomura Author: Al Alletzhauser Publisher Bloomsbury Reviewed by S N Vasuki HINNOSUKE finally overplayed his hand k-J when one loyal customer bought 10 shares in a company. Shinnosuke continued to badger him until he eventually purchased more of the stock as
      1,249 words
  • Page 11 Advertisements
    • 28 11 •m AL \LLETZHtUSER —>i'J THE RISE TO SUPREMACY >l; OF THE WORLD'S MOST POWERFUL COMPANY: THE INSIDE STORY OF THE LEGENDARY JAPANESE DYNASTY BLOOMS 6 U R Y
      28 words

  • Page 12 Advertisements
    • 641 12 DBS Corporate Plus. DBS Bank does, in the first-ever corporate current over in case of urgent needs. Because it is automatically granted, there account which lets you earn interest without tying up your cashflow are no forms to fill out, no waiting times, and no rejections. You can and affecting
      641 words

  • SPORTS
    • 701 13 UPI CASTLE ROCK, Colorado American Ryder Cup captain Dave Stockton said on Tuesday that he had chosen Chip Beck and Raymond Floyd to fill out the 12-man squad that will attempt to defeat the European team for the first time in eight years
      UPI  -  701 words
    • 569 13 NYT NEW YORK The costs of competing in and staging an America's Cup yacht racing series have spiralled in the last decade. But financial support for the event, known throughout its history as a rich man's sport, has not kept pace with
      NYT  -  569 words
    • SIDE LINES
      • 144 13 NEW HAVEN, Connecticut Danilo Marcelino used a soft touch and a strong return game to beat third-seeded Brad Gilbert 6-4, 4-6, 6-4 on Tuesday in the second-round of the Volvo International. "My strategy was to hit slow," said Marcelino, ranked No 128 in the
        144 words
      • 87 13 FORT LAUDERDALE, Florida Spain's Martin Zubero shattered the oldest existing men's world record and American Mike Barrowman lowered his own world mark at the Phillips 66 National Swimming Championships on Tuesday. Zubero, 22, of Spain, had a time of 1:57.30 in the 200-metre backstroke, breaking the record
        87 words
      • 164 13 HAVANA Surinam's butterfly ace Anthony Nesty kept his unbeaten record in top-flight competition on Tuesday and said he would quit after the Barcelona Olympics. Speaking before the race, Nesty said that public pressure on him to win each time he swam was "too high a psychological
        164 words
      • 60 13 HAVANA A Mexican became the first athlete at the Pan American Games involved in a doping violation. Eduardo Acosta, secretary for the Pan American Sports Organisation president Mario Vasquez Rana, confirmed that the test of the Mexican athlete was positive. He abstained from giving the name of
        60 words
      • 94 13 MANHATTAN BEACH, California The world's No 1ranked and defending champion Monica Seles of Yugoslavia needed just 44 minutes on Tuesday night to eliminate Elna Reinach of South Africa, 6-1, 6-0 in the second round of the U*****,000 Virginia Slims of Los Angeles. Aside from fifthseeded Leila Meshki
        94 words
  • Page 13 Advertisements
    • 139 13 GO FOR ISPO 91. IN ASIA. -y' r -V--' 'f¥ 3rd International Trade Fair for Sports Equipment and Fashion Singapore World Trade Centre Featuring the latest trends and products in the sports equipment and fashion sector: ispo Asia 91. At the World Trade Centre in Singapore from October 17 to
      139 words

  • ADVERTISING & MARKETING 1
    • 520 14  -  Jesse Boone finds out if the recent Mercedes campaign for the Golden Classic is just a gimmick Jesse Boone WHAT do Florida panthers, a manuscript of Sarah Josepha Hale's 1865 poem "Mary had a Little Lamb" and a bottle of Chateau Cheval Blanc '47
      520 words
    • 1104 15  -  Sylvia Wong is taken aback by the high cost and wide spectrum of pre-school education Sylvia Wong JUST when you thought a head start for your four-year-old merely meant second-language tuition, some smart aleck comes up with child programmes that make your 'Filofax seem
      1,104 words
    • 315 15 SIX-YEAR-OLD Jit Salvi is among a growing breed of children who pack a lot *of learning into their lives even before they start primary school. Prior to attending Maris Stella Kindergarten, Jit spent more than three years at the Montessori school in
      315 words
  • Page 14 Advertisements
    • 131 14 i;oun; pl.ur- thr I'u'tv I .ulvtop hrlps krrp our with itstrn roomv lompartmrnts, ft>11!" pi'll poiichrs, *.]UK"ksll.ip tor kr\ s .lllii othrl iiM'tul traturrv 1 lo;ant but practical, thr I adv top classic Iraihrr bav; is tor thr 101 things m lite. international KKI I 111 >1 I U.U I
      131 words

  • Page 15 Advertisements
    • 142 15 QWearnes The Wearnes the Jaguar excellence performance The go« seconds. The has a million instructions engine. Which gives it the power of a top r£tt? racing car. The its power from a mhz processor,; the DXL-40. Which the power of a the The also has a for jytfCTHj the Ow/y
      142 words

  • Page 16 Advertisements
    • 207 16 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE on the House' Any item you order from our a la carte menu (beverages and desserts excluded) entities you to complimentary local and Nonya desserts from 6.00pm to 10.00pm daily. A MEMBER Of COl
      207 words
    • 293 16 A SR\RKLING NEW FORMAnOK APPEARS TONIGHT ABOVE SOOTR Rl>\D CANOPY BAR M'tat tad With lis spectacular glass frontage. the amip) Bar 'is the ideal place- to see the stars I It's alstt\Singapnrc's newest and must exclusive rende/viius The ('anopy Bar. upstairs at Ihe Hyatt A/ekfty /ssS HIGH TEA BUFFET 3.00
      293 words
    • 322 16 THE EXECUTIVE S SET MEAL $14++ Per Person Mondav ROAST BKKF.WITH SAI'TRKD VEGKTABLKS Tuesd.iv *SEAFtX)D CREOLE WITH SAFFRON RICE 'AWlnesday ♦PORK PICATTA W ITH SPAGHETTI NAPOLITANA Thursday ♦RED SNAPPER IN FRI'IT SAUCE Friday ♦CHICKEN MERENGO W ITH BUTTERED RICE Served \Mh Soup and Dessert of the Day. e- Plaza Hotel
      322 words
    • 270 16 NATIONAL DAY CELEBRATIONS ran Chatterbox the talk of th« town.)otr%% m the National Day relobrattoot with cj host of dishes featuring the varied Jig lif culinary flavours of Singapore >* > Cj j* t-< From Auguil *-17. o dally lunch and dlnn«t r tit OO r>®r person includes an offering
      270 words
  • Page 16 Miscellaneous
    • 734 16 TELEVISION AND RADIO C V*l 9.00 !fc£i at Nine. 3.30 Stopwatdi. BUSINESS OH RADIO *****.11 IOWn DlllCS 7.00 AM<*Nlnkrnatkn*(L). J:S 8.00 Close. anti-apartheid activist, Colo- 5.00 Spac* Cop Gahan. 7.10a«l, 9.25 am, 1.30pm, 7.00 PM CNN International (L). nel Van der Mcrwe, is mur- 5.3® Drak Pack (Cartoon). 5.30pm, 3.25
      734 words

  • LIFESTYLE
    • 1052 17  -  There are signs that thoughtful American men are exploring ways to find one or two others with whom they can share their innermost feelings. Jon Nordheimer reports Jon Nordheimer There is much about our experience as men that can only be shared with, and
      1,052 words
    • 529 17  -  Frank J Prial sheds light on this phenomenon Frank J Prial NYT WHEN it comcs to wine, the word "tasting" takes on a new life. As in: "I'm not very good at tasting wine." Or: "They're having a wine tasting for the guy who's
      NYT  -  529 words
    • 457 17 CHATTERBOX IT SEEMS as if Cole Porter got a kick from fudge. His favourite was made in his hometown of Peru (pronounced PAY-roo), Indiana. He had the fudge shipped regularly to him from Arnold's Candies, a company founded in 1917. Bob Haskett, who bought
      457 words
  • Page 17 Advertisements
    • 276 17 AND ENTERTAIN Tea cum Bridal Workshop Prepare for your wedding during this beautiful presentation every Sunday in August. From 2 to 5 pm. $18.50++ per person. At the Connaught Room, level 2. August 4 Irene's Creation August 11 Bridal Bazaar August 18 Yumi Katsura August 25 Bridal Bazaar Fashionshow at
      276 words
    • 245 17 NEW Shine Company Research Service KNOWLEDGE ISPOWER^ Quick access to information is the key to successful investment J and business dealings. The Shine Company Research Service provides comprehensive analyses including financial ratios of the companies quoted on the SES. Plus up-to-date information on major developments since 1989 affecting these companies
      245 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 878 18  -  By Kooi Cho Teng ELECTION FEVER swept the financial community yesterday with brokers and dealers frantically placing bets about the impending election date. Providing the excitement that was otherwise absent from the stock market, some punters had even gone ahead to set odds for the
      878 words
    • 3996 18 Gr's Gr's 1991 Tel Last Vol Day Last Quote Div Div VTd Net M Cap High Low Code Company Sale +or- COOO) High Low Buyer Seller CVr P/E Smil INDUSTRIAL COMMERCIAL *285 162 1000 Acma 220 +2 40 220 215 217 218 I0.0N 1.5 4.5 14.6 134.9 255 200 1142
      3,996 words

  • 3993 19 Main Board CAC 580 20 3.6* Shangri-La 580 +15 +2.7* M Credit 177 +13 +7.9* SembShipWt 235 +13 +5.9* CAC Wt 256 +11 +4.5* Inno-Pacific 106 +11 +11.6* City Dev 50* 322 +10 3.2* DBS A 1160 +10 +0.9* FAN 810 +10 +1.2* OUE 670
    3,993 words

  • BT SHARE INFORMATION SERVICE
    • 227 20 Cif—y Date Ymt Groap Net Net MnOags Grots mm to profit/Ims (I) par start <Mtaad COOO) (Mate) MCB HWgs Aug 10 Mar 91 M$1,266($3.724L) 54(—) 2.5(2.5) MetaJock Aug 12 Mar 91 $5.048($4.995) 21(20.8) 10(10) CK Tang Aug 7 Mar 91 (6.792(16.770) 16.4(26) 6(6) Poiytek Wearnes Aug 6 Mar
      227 words
    • 108 20 dapH; Date Year Craap pra-tex Nat aaralafs Crass aaa to prafli/lass (L) par shara dhrttaad (•000) (caate) Centrepotnt Aug 12 Jun 91 $19,853($17,370) 7.3(6.4) 5.8(5.8) Maiayawata Aug 2 Mar 91 MJ51,065(131,216) 38(23.2) 7.5%TE(2%TE) Mnng Guan Jul 30 Apr 91 (312l(S316l) 4(4) fcM Hussain Jul 24 May 91 M$68.223(S30.105)
      108 words
    • 446 20 fimj —j Date Half-yMr Growp pretax hrtarin mm to proftt/tos* (L) «vMm^ L ('HO) »1» Aug 13 Jun 91 5608(5549) Landmarks Aug 12 Jun 91 W9,497(15,749) 0U6 Aug 12 Jun 91 $38,lllg($46,346g) 5(5) OUC Aug 12 Jun 91 $13,981 ($13,289) 6(6) OUT Aug 12 Jun 91 $4,638($4,049) 4(4)
      446 words
    • 745 20 Aug 13 The proposed amalgamation of Kamunting C«rp Bhd and Malaysian Plantations Bhd has been mutually rescinded. Pafcnco Holdings Bhd is selling its entire equity in Pabnchem (Malaysia) Sdn Bhd to Acidchem Malaysia Bhd, a 74.9% subsidiary of Palmco, for M529.58m cash. tag 12 CantrapoM Prapartias Ltd is
      745 words
    • 652 20 Carraat Ex iMk* Date TiWhr Tatal tor payinaat date daaa payaMe tiu iwr test yaar MR NYA(e) Jun 19 Jul 4 At« 15 NYA 2.8c Mn Hdgs 50c 61(b) Sep 4 Sep 16 Sep 30 61 6% Asa Pic Id 50c 21(b) Jul 18 At* 1 Aug 30
      652 words
    • 702 20 Main Board Last Full Yaar Conpany Mri Date Tear Net« &on Nat naiad mfcg (canb) J* pro# Int ft* (WOO) Cerates Interim Apr 27 Jul 91 12.6 *****(a) 38.911 Spare Larf Interim May 4 Dec 91 12.6 10 0 44.641(|) Tont Ma* Interim Aug 2 Dec 91 48
      702 words
    • 917 20 Meat m it 14.0t.91 Caavarsiaa tanm Primiaai/ Expiry (dbeaaat) ft W Q M t Optional** using itSMd Company (mil Wrts Share Laaa Comr Eur Lmtk Cask Cash, Loan Goariag Data Mtto ■aits) stack ratio prica aom Stkj Lad valao < Burwdl 115.2 0 240 0.700 1
      917 words
    • 257 20 Company Rights Issue Batter One-tor four MS200 per share Ei-date Jul 16 Books dose: Jul 30 Acceptance 1 Payment Sep 10 Idm Hyd Four tor five MSO 65 per share Ex-date: Jul 25 Books dose Aug 8 Acceptance A Payment Sep 17 Nit Kap One-tor two fe SO
      257 words
    • 535 20 Company Rights Issue km Pec Land One-tortwo g MSO 65 per shaft Mance Tedi One-tor-one >100 per stare Ballon Issue of 190 9 78m nommal amount of 35% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the basis of $2 normal amount of Bonds tor every
      535 words
    • 732 20 BONDS, LOANS WARRANTS Bvwfl HI Before 30/6/94 1 warrant plus HKJ1.00 cash Ctt m Before 26/4/93 fwarrant"plus S3~09 cash Caaaawy Im Cauuway Wt 2/10/89 to 20/10/94 f warrant pkal077~cash or 1 warrant plus $0 77 nonanal amount of loan stock Own Hotel* Chun Hf Wt March 87 to 31/12/91 155
      732 words
    • 336 20 Sunshine MM tavestments Ltd: EGM at 481 Tangtin Halt Road, Singapore 0314 on Friday, Aug 16, at 10am. Surana fovestments Ltd: 27th AGM at 10 Jalan Besar, Sim Lim Tower #17-01, Singapore 0820 on Friday, Aug 16, at 10.30 am. IGB Corp Bhd: EGM at Suite 2302, 23rd
      336 words
    • 155 20 RECORD HIGHS LOWS RT Prwnrvy«rfp InHpx ST IddUStrMS IwJCX BT Cwnposite iwi 1565M (3/6/91) 2 If S2 nJ/m 1991 *****8 (16/1/91) Si 51 !5« 21 1»0 1607-12 (27/3/90) 22 S? ,Slm22 1990 tow. 1079.50 (11/10/90) iwon 19S9 tijh: 1487.76 (26/12/89) !SI? S5'5 19S9 tor 1030.69 (4/1/89) 1988 t*t 1177.87 (8/8/88)
      155 words
  • Page 20 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 854 21 Bernama SHARE PRICES here managed to end higher on continued bargain-hunting, especially for blue chips on local institutional support. But volume was thin in view of the bearish undertone in the continued absence of foreign fund managers. Double-digit gains by in-dex-linked counters
      Bernama  -  854 words
    • 3321 21 1991 Last Vol Day Net Cap High Low Company Sale WO High Low P/E Srail INDUSTRIALS 245 165 AISB 50* 204 7 19 212 199 49.8 209.3 560 310 ASM 50* 422 22 442 422 404 37.7 1732.9 600 280 Acidchem 510 10 15 510 500 219.3 685 192 Ajinomoto
      3,321 words
  • Page 21 Advertisements
    • 389 21 BUSINESS TIMES TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 UQUOR LICENCE NOTICE NOTICE IS HEREBY GIVEN (fax, I, Lm Sbuo Jia of Blk 133,102 143 Cashew Road, Singapore 2367, have applied for a first Class Pubbc House Licence in respect of premises at M/s Cee Jay at 1 Jalan Rumbia,
      389 words
    • 288 21 M THE MATTER OF THE COUP AMES ACT, CAP. SO AND M THE MATTER OF MEBAM RUSTIC MDUSTHES PTE LTD WMng-Up) SPECIAL RESOLUTIONS PASSED ON IJTH AUGUST wm At an Extraofdinary General Matting of the company haM at 100 Beach Road 125-06 Shaw Towere Singapore 0718 on ta 13ti day
      288 words
    • 265 21 IN TH€ MATTER Of THE COMPANIES ACT, CHAPTER 90 AND IN THE MATTER Of NOVEL INVESTMENTS PTE LTD (IN MEMBERS VOLUNTARY LIQUIDATION) Extract ot the Minutes ot an Extraordinary General Meeting ot the members of Novel investments Pte Ltd convened and held on August 6.1901 "SPECIAL RESOLUTION That the Company
      265 words
    • 275 21 IN THE MATTER Of THE COMPANIES ACT, CHAPTER SO AND IN THE MATTER Of RAPID (SINGAPORE) PTE LIMITED (IN MEMBERS' VOLUNTARY LIQUIDATION) Extract of the Certificate of < Resolutions deemed to be paseed at the Extraordinary General Meeting of the Company held oc Augusts. 1991 -SPECIAL RESOLUTION That the Company
      275 words

  • TOKYO STOCK EXCHANGE
    • 2220 22 Reuter AP TOKYO STOCKS yesterday rose strongly, finishing higher for the first time in five days. The Nikkei Average ended above the key 23,000 line for the first time in three days. Bargain-hunting and futures-related buying boosted prices, but volume stayed
      Reuter; AP  -  2,220 words
  • STOCK EXCHANGE OF HONGKONG
    • 1941 22 Reuter HONGKONG'S Hang Seng Index closed 26.31 points higher, riding on the back of renewed enthusiasm for the property sector and breaking the all-time high on the index for the second time this week. The index closed at 4,079.01. The previous
      Reuter  -  1,941 words
  • Page 22 Advertisements

  • REGIONAL STOCK MARKETS
    • Aussie shares dip for third straight day
      • 794 23 THE Australian share market retreated for the third straight day yesterday as buyers hesitated ahead of the release of key economic data. Scattered bargainhunting pushed industrial stocks slightly higher during the morning session, but interest evaporated in the afternoon. "The market is holding up mainly because Tokyo is so
        794 words
      • 315 23 MOST leading shares in New Zealand yesterday rebounded from sharp declines earlier in the week with buyers encouraged on moderate volumes by cheaper prices, improved overseas bourses and technical factors. "I think the market was a technical market today and it had to rebound or it would have
        315 words
      • 508 23 PHILIPPINE stocks fell in a market dampened by talk of a coup and possible Senate rejection of the US bases treaty, brokers said. On the Manila bourse, trading opened with hushed caution about a rightist threat to stage another coup against President Corazon Aquino. The big sellers moved in
        508 words
      • 789 23 SEOUL SHARES yesterday plunged in thin trading, breaking through the 700 level of the composite stock index as a gloomy economic outlook for the second half of the year prompted individuals to sell actively, brokers said. The index closed points 16.55 lower to 693.12. Losers led gainers 623 to
        789 words
      • 49 23 SHARE PRICES turned bullish on Tuesday, taking the Bombay Stock Exchange (BSE) index to an all-time high, brokers said. The BSE index peaked at 1,705.78 before finishing at 1,687.24, up 23.18 points or 1.4 per cent. The national index rose 12.57 points, or 1.6 per cent, to 809.26.
        49 words
      • 692 23 SHARE PRICES closed mixed and the index steady as the Thai market remained in a slump, brokers said. "We still cannot predict the trend," a broker at Ekachart Finance and Securities Co said. He added, however, that trading was likely to pick up gradually over the next few days.
        692 words
      • 458 23 TAIWAN share prices finished slightly lower as investors stayed sidelined. Dealers said narrow trade would continue in the near future. The Weighted Index closed at 5,089.95, 14.48 points lower than Tuesday's 5,104.43 close. Turnover was a moderate NT526.29 billion against NT533.79 billion. Dealers said early buying in plastics was
        458 words
      • 604 23 JAKARTA share prices ended mixed on Tuesday in slow trading, pushing the index 3.39 down to 334.25. Brokers said lack of liquidity kept squeezing the market, with only a handful of favourite shares traded. "It's really boring. Without fresh funds I think the market will continue its downward trend,"
        604 words
      • 432 23 Close Previous Aug 14 AUSTRALIA All Ordinaries Index 1552.1 1,553.9 -1.9 All Industrials Index 2373.4 2,371.9 +2.5 All Resources Index 921.1 925.7 -4.6 Turnover (million) 81.2 93.84 -12.64 BANGKOK SET Index 689.87 689.76 +0.11 Turnover (billion baht) 1.34 1.26 +0.08 JAKARTA Composite Index unav 334.250 MANILA Composite Index 936.98 945.95
        432 words
  • Page 23 Advertisements
    • 32 23 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
      32 words

  • WORLD STOCK MARKETS
    • Nasdaq stocks surge to record high
      • Article, Illustration
        1323 24 LATE AFTERNOON profit-taking and programs sapped a sturdy advance on Wall Street on Tuesday but failed to dampen secondary issues, which struck a new closing high. After rising as much as 33 points earlier, the Dow Jones Industrial Average ended up 7.38 points (0.25 per cent) at 3,008.72.
        1,323 words
      • Article, Illustration
        785 24 BETTER-than-expected manufacturing and industrial output figures helped London share prices gain ground on Tuesday, brokers choosing to ignore the threat of a hike in German interest rates later in the week. A firm early trend on Wall Street in the wake of a 0.5 per cent rise in US
        785 words
      • 344 24 HELPED by advances on foreign bourses, Dutch shares on Tuesday closed firmer with business subdued ahead of today's Bundesbank meeting, dealers said. "It's been very quiet again with few peaks up or down. Everybody and everything is waiting for Thursday," said Rob Verbraak, dealer at bank Cantrade. The CBS
        344 words
      • 194 24 IN PARIS, investors shrugged off worries that German interest rates will rise after a Bundesbank meeting today and pushed the bourse sharply higher in active trade. The CAC-40 Index cleared resistance at 1,800 to end 28.46 points higher at 1,808.84 on volume of 1.8 billion francs. Dealers said the
        194 words
      • 178 24 FRANKFURT stocks made a good gain on Tuesday, as the DAX spot trend indicator finished the session at 1,644.72 points, up by 18.66 or 1.15 per cent from the Monday close. The Commerzbank indicator gained 13.70 points to end at 1,920.10. Operators said the market had been stimulated by
        178 words
      • 138 24 ITALIAN SHARES on Tuesday closed lower after moving in narrow ranges for much of the? session in thin technical trade driven by yesterday's end to the August account. Prices drifted lower towards the close as buying interest evaporated, brokers said. With many operators absent due to the short three-day
        138 words
      • 299 24 SWISS SHARES on Tuesday closed steady at the day's low after prices edged down from earlier highs on a lack of follow-through buying, dealers said. Volume was low as stubbornly high Swiss interest rates kept investors on the sidelines. The average yield on federal bonds rose to 6.14 per
        299 words
      • 99 24 SWEDISH SHARE prices closed higher in moderate trade, supported by foreign investments and stronger markets abroad. The bourse General Index rose 0.45 per cent to 1,090.59 in turnover of 262 million crowns. Blue chips firmed 0.22 per cent. Food and drug firm Procordia free B-shares climbed three crowns to
        99 words
      • 143 24 BELGIAN shares closed slightly lower on Tuesday, stubbornly refusing to join other markets in their upward move. Troubled holding company Electrorail was the star of the day, diving 13.6 per cent in otherwise disappointing trade. Only 375 million francs worth of Belgian shares were traded. The Bd-20 Index of
        143 words
      • 358 24 IN Johannesburg, gold share prices lost ground in sympathy with worid bullion prices in quiet trading on Tuesday, but industrials continued to move relentlessly higher amid persistent demand for quality issues, dealers said. The JSE All-Gold Index fell to a 1,265 close from Monday's steady 1,287. But the industrial
        358 words
      • 239 24 TORONTO STOCKS ended mixed with blue chips surging, lifting the composite index, dealers said. 'There isn't really any news. I think it was just one of those things," one trader said. A sharp rise in US retail sales helped bolster confidence in the recovery, they added. The TSE-300 closed
        239 words
      • 122 24 Aug 13 Cloac Previous NEW YORK Do* Jones 3008.72 3,001.34 7.38 NYSE Financial 159.83 157.75 +2.08 SAP 500 389.62 388.02 +1.60 Turnover (million) 212 152.8 +59.2 LONDON Financial Times 30 2,022.3 2,007.5 +14.8 FTSE 100 2,584.9 2,569.4 +15.5 Turnover (million) 472.5 280 4 +192.1 FRANKFURT DAX Index 1,644.72 1,625.06 +18.66
        122 words
  • Page 24 Advertisements
    • 57 24 You may haw 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
      57 words

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1167 25 REPORTS Tokyo: The US dollar was little changed in slow and uninspired Asian afternoon trade yesterday. Most of corporate Japan is on summer holiday, sapping the market of its energy and slimming volume, dealers said. "It's very quiet, the market is saving
      1,167 words
    • 384 25 Cross rates USS SS MS Dm Yen SFr AS NZS USS 1.7205 2.7765 1.7320 136.35 0.5908 1.5140 1.2796 1.7467 SS 0.5812 1.6138 1.0067 0.7925 0.3434 0.8800 0.7437 1.0152 MS 0.3602 61.97 0.6238 0.4911 0.2128 0.5453 0.4609 0.6291 Dm 0.5774 0.9934 1.6031 78.72 0.3411 0.8741 0.7388 1.0085 Yen
      384 words
    • 527 25 Interbank rates S$ Bid Offer Overnight S 1/8 5 1/4 1-month 5 3/16 5 5/16 2-month 5 1/4 5 3/8 3-month 5 5/16 5 7/16 Overnight mode: 5-1/4 USS Bid Offer 7 days 5 11/16 5 13/16 1 month 5 11/16 5 13/16 2 months 5 11/16 5
      527 words
    • 325 25 Reuter NEW YORK Moody's Investors Service Inc expects defaults on speculative-grade corporate bonds will hit a record 11.5 per cent by yearend, well above 8.8 per cent in 1990. This would exceed the post-World War II record of 10.9 per cent in 1970 caused
      Reuter  -  325 words
    • 367 25 Reuter NEW YORK August is shaping up to be a record month for issuance of multiclass mortgage securities by the Federal National Mortgage Association, a Fannie Mae official said yesterday. "It'll probably be a record for Remics this month," said Debbie Cohen, FNMA vicepresident
      Reuter  -  367 words
    • 1105 25 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/Int Vol Sep 91 94.23 9*25 94~23 9*24 2000 ***** lU? Dec 91 93.91 93.94 93.91 93.93 3180 ***** 2507 Mar 92 93.86 93.87 93.85 93.87 2250 ***** 1214 Jun 92 93.50 93.53 93.50 93.52 1010 3216 617 Sep 92
      1,105 words
  • Page 25 Advertisements

  • COMMODITIES
    • 362 26 Agencies KUALA LUMPUR Malaysia is likely to implement improved Standard Malaysian Rubber (SMR) grades from Oct 1 after several months of delay. The revised rubber grades are aimed at placing local grades at the top end of the rubber market, said
      Agencies  -  362 words
    • 265 26 Reuter BRASILIA Brazil's vital mining sector, which annually contributes US$l4O billion (*****.8 billion) to the economy, has stagnated, government officials and businessmen said. Declines in investment, production and reserves, excessive taxation, decreasing foreign capital participation and chaotic exploitation by independent miners have left
      Reuter  -  265 words
    • 833 26 REPORTS THE PRICE of tin yesterday settled unchanged from Tuesday's close at M$ 15.40 per kg on the Kuala Lumpur Tin Market. Despite the US$7 rise on the London Metal Exchange overnight due to trade and technical buying activities, dealers said local
      833 words
  • 1321 26 Rubber Au»i4 MilmiMw) S cents/kg Noon Cloae Int 1 RSS Prompt I38.50/I39.50N 138.50/139.50N Int 1 RSS Sep 91 140.2VI40.7S I40.2VI40.7S Int I RSS Oct I42.2VI42.75 I42.2V142.75 Int 2 RSS OP 139.2V14I.25N I39.2VI41.25N Int 3 RSS OP I38.2VI40.2SN I38.2V140.25N Int 4 RSS OP 133.7V135.75N 133.75/135.75N Int 5 RSS OP I29.7V13I.75N
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  • Page 26 Advertisements
    • 994 26 BUSINESS TIMES TBLBPHONB: 730-3771/3773/5773 PAX: 734-4952 B ENTER THE LUCRATIVE 3 Id MlDDlf-EAST GM P THROUGH DUBAI __g A WELL ESTABLISHED-ORGANISED COMPANY OF OVER 25 YEARS STANDING, HAVING TOTAL INFRASTRUCTURE WVrTES BUSINESS/ INDUSTRIAL COLLABORATION. REPRESENTATION, AGENCY WORK. WAREHOUSING. TRANSIT. FORWARDING. DOCUMENTATION AND CAN HANDLE ANY OF PROOUCT/PROJECT, JOINT VENTURES. PRESENT
      994 words
    • 25 26 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

  • 1123 27 «jf F%* ETA Flight ETD Atai MmM GA887 1245 GA894 2265 GA975 1300 Mlhlli QfOei 1820 SQ228 1905 >ntfd— SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 SQ26 2200 BAH 1225 SQ325 2115 iafcrria GF148 1000 Battpaf GA525/ 1755 910 Sari tfawaa SQ181 1410
    1,123 words
  • THE TRAVEL PAGE
    • 743 27  -  POSTCARD FROM PARIS By Pat McColl SHOPPING in Paris has reached new dimensions with the arrival on the fashion scene of the mega-bouti-que: spaces that range from 800 square metres to 1,300 sq m; where the way the store looks is as important
      743 words
    • 152 27 As st 3pm yesterday; Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.339 1.338 Canadian dollar 1.486 1.516 NZ dollar 0.975 0.9951 Sterling pound 2.899 2.938 US dollar 1.718 1.722 Local dollars to 100 ante of fuieiga cwmcy Austrian schilling 13.97 14.25
      152 words
    • 77 27 Duration Title Venue Organiser Td Duration Title Venue Organiser Td Aug 18-20 International Germany Mode Woche- *****1990 Brands Lumpur Research Fashion Fair Munchen GmbH Aug 24-28 Internationa) Frankfurt, Messe Frankfurt *****5750 Aug 20-31 Izmir Turkey Izmir Fair *****150 Trade Fair for Germany GmbH International Organisation Consumer Goods
      77 words
  • Page 27 Advertisements
    • 40 27 When it comes to flying to Munich, no other airline comes Klaus to Finnair. Because Finnair flies twice-weekly from Singapore direct to Helsinki then onto over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish.
      40 words
    • 48 27 .J :Hp? ould it be him. ><*^1 actor who's trying to follow J in the footsteps of Dustin if Hoffman and John Hurt. vI By playing the role of a mHk- C '*J transsexual in a Tamil play, I e sta 9 ec Wl; <f jV t. **4^m
      48 words
  • Page 27 Miscellaneous
    • 317 27 6 Alcoholism like this with madness Pj I I I I I I i j 8 Chap depression 11 Rescue from lay-by, say (4) LJhJ MM Lm 12 For example, round-trip 13 Wearing vest one be- L^J to a H| H M H H H 16 Mum has hard lines
      317 words
    • 211 27 Singapore Outlook: Showers over several areas in the late morning and early afternoon. Report Maximum temperature 32.3* C Assoc humidity 66% Minimum temperature 6.6 Assoc humidity 87% Hours of sunshine 4.30 Rainfall in mm Nil Rainfall this month 15.5 Rainy days this month 4 World forecast Asia-Pacific Hi/Lo* Cond. Auckland
      211 words
    • 24 27 fcii'J—T (rn>/ boss h*s b&eji on moudry for two ueexs (fVSPgQ/... ASPRP 0 Kg- HRSN'T LoGiT T £N He. H*SNT PhO>€D ciWMOtTAMOAWOCO.LTD- HM-IMI 0494
      24 words

  • 305 28 Plans to go ahead despite call to delay big projects Reuter JAKARTA Indonesia's state oil company, Pertamina, is to build an aromatic plant and a residue conversion complex costing a total of about US$3 billion (555.2 billion), in spite of calls to
    Reuter  -  305 words
  • 339 28 PUNCAK, West Java Inconsistency in government policies has created uncertainty in businesses which may discourage foreign investments, an economist told a seminar, the Jakarta Post reported. Changing policies and "distortions caused by too much intervention by the government" will make it difficult to
    339 words
  • 358 28  -  From Catherine Ong in HONGKONG THREE Singapore firms are among Hongkong's top 60 stockbroking houses by turnover and can therefore contest for five allocated seats on the stock exchange's ruling council. DBS Securities Hongkong, Kim Eng Securities (HK) and Sassoon Securities are
    358 words
  • 358 28 The BCCI collapse Agencies WASHINGTON A former US Secretary of Defence long considered the ultimate Washington political powerbroker is the latest victim of the burgeoning Bank of Credit and Commerce International (BCCI) scandal. Clark Clifford, 84, courtly and mellow-voiced, who served as
    Agencies  -  358 words
  • 471 28 AP GENEVA United Nations Secretary-General Javier Perez de Cuellar said yesterday that he hopes Israel will release some Arab detainees this weekend to try to speed up the release of Westerners held in Lebanon. In Beirut, a senior Shiite Muslim
    AP  -  471 words
  • 692 28  -  The Bottom Line LEE HAN SHIH LEE HAN SHIH The writer is a BT correspondent IF INFORMATION is the lifeblood of investment decisions, then investors here are being placed at a disadvantage as more and more listed companies venture outside of Singapore.
    692 words
  • 291 28 AFP BANGKOK The Thai government has axed plans for an official visit here by Myanmar's military junta leader General Saw Maung following growing international protests against the regime. A government official said yesterday that General Saw Maung had been invited
    AFP  -  291 words
  • Page 28 Advertisements
    • 104 28 Nikon The World's Finest Photographic Systems *S, "s?'. T ,'v_--.-■bu HHKLyu J^^^^^Hfe&jM.'--" Jk-., Dauphin Sitzkultur Ahealthy backbone is essential FOR PERFORMANCE. We want to inspire people with chairs which display corporate identity: The superb, clean lines of the design of Dauphin chairs integrate elegantly into the office environment. Reasonably priced
      104 words
    • 76 28 Nikon The world's Finest photographic Sy«tam» THE CASE OF THE VALET WHO KNEW EVERYTHING WILL BE SOLVED ON 16 SEPTEMBER 1991. f RAFFLES HOTEL REOPENS 16 SEPTEMBER 1991. BAFFLU HOTI-L BlortNS WITH 104 SUITES. BAB AND BILLIAID MOM. BAFFLU GULL. TIFTN BOOM. WBITEBS BAI. LOMT BAI AND FUNCTION AILAI INCLUDINC
      76 words

  • Shipping Times
    • 393 29  -  By Rahita Elias SINGAPORE Shipbuilding Engineering's Indonesia associate company, specialising in engine overhaul, is set to start operations next month. In an interview with BT, Mr Boon Swan Foo, SSE senior vice-president and general manager, said that through the new company, PT Horiguchi-SSE
      393 words
    • 371 29 Reuter ATLANTA Delta Air Lines Inc, which started business 67 years ago as a farmers' crop-dusting service, has made itself a prime player among global carriers with its US$l.3 billion (552.23 billion) Pan Am .deal. By taking a 45 per cent
      Reuter  -  371 words
    • 314 29 UPI ANCHORAGE The Soviet Union, the world's largest oil producer, is interested in Alaskam oil projects, officials said on Tuesday. A high-ranking delegation of Soviet and Russian Republic officials spent Tuesday inspecting Prudhoe Bay, America's largest oil field on Alaska's Arctic
      UPI  -  314 words
    • 234 29 UPI BEIJING China's national airline agency has signed a contract to purchase 13 new Boeing 757 jetliners in a deal with the American aircraft manufacturer worth more than US$BOO million (S$lJ7 billion), officials said yesterday. The purchase is part of the ongoing effort by the
      UPI  -  234 words
    • 891 29 Page Cot ABC Containerline 12 1 Accord Group 8 1-3 Aeropak Express 9 5 APL 5 3-5 A PC Line 13 5 Arrow Inter 9 4 ASCL 5 1 ANL 3 1/2 Bait Canada Line 7 4/5 Bait Orient Line 7 4/5 Batamindo 18 3 Bangladesh Shpg
      891 words
    • 391 29  -  By Selva Kumar LOCAL investors can look forward to construction projects in unified Yemen to develop Aden into a free-trade zone, said the head of a visiting Yemeni delegation. Mr Abdulkader Abdulrahman Bajamal, chairman of the Yemen Free Zone Public Authority,
      391 words
    • NEWS
      • 29 29 JOHN McDonnell, chairman and chief executive officer of McDonnell Douglas, hits out at the subsidies that Airbus is receiving from three European governments Page 2
        29 words
      • 32 29 THE container terminal at the Jawaharlal Nehru Port (formerly known as Nhava Sheva) is to be expanded substantially to help the growth of containerisation Back Page
        32 words
      • 41 29 BRITISH Airways has introduced discounts of up to IS per cent on its flights between the United States and London this autumn, and three US carriers American, Continental and United have quickly matched them Back Page
        41 words
      • 31 29 AN UNMANNED European rocket is due to blast off this week and deploy a mammoth telecommunications satellite for the international consortium Intelsat Back Page
        31 words
      • 27 29 TOYOTA Motor Corp will introduce an employment system for retired workers over 60 at its production plants beginning on September 1 Back Page
        27 words
    • LOG BOOK
      • 115 30 CHICAGO United Airlines said on Tuesday it will begin a non-stop service between Los Angeles International Airport and Charles De Gaulle International Airport in Paris on Oct 1. Initially, United will fly three flights a week and will increase the service to
        115 words
      • 60 30 CARACAS Venezuelan truck and bus drivers throughout the country agreed to return to work after the government offered a package aimed at softening the impact of higher gasoline prices, the Transport Minister Roberto Smith said. Mr Smith told reporters that the unions had accepted a
        60 words
      • 41 30 HONGKONG Hongkong's unemployment rate rose to a record 2.4 per cent in the second quarter of the year, but analysts expect it to drop in coming months following the go-ahead for the territory's new multi-billion dollar airport.
        41 words
      • 65 30 DENVER Tele-Communications Inc (TCI), the nation's biggest cable television company, has had no dealings with Capcom Financial Services Inc, a company indicted for drug money laundering in the Bank of Credit and Commerce International scandal, a TCI spokesman said. TCl's chairman Bob Magness, one of
        65 words
      • 35 30 SUVA Fiji's navy rescued five American and two Canadian tourists after one boat sank and another developed engine trouble in rough seas between two outer islands here, police said yesterday.
        35 words
      • 67 30 CAPE CANAVERAL Two fuel cells used to generate electricity during space shuttle Atlantis' recent flight were inadvertently left running in the hangar and flooded with water, NASA said on Tuesday. The generators, 102 cm long and 38 cm high, cost US$7 million (Ssl2 million) each. They
        67 words
      • 56 30 TAIPEI Eva Airways Corp is to inaugurate flights to Vienna on Nov 11 to become the first Taiwan airline company flying to Austria, Eva officials said yesterday. Eva, Taiwan's first privately-run airline, founded in April 1989, belongs to the Evergreen Group which
        56 words
    • 1065 30 CHARTERING to lift crude oil continued slowly with rates showing few signs of moving up from their generally low levels, tanker brokers said. One VLCC cargo from Iran's Kharg Island terminal to the Far East was fixed at an extremely low Worldscale rate 55. This compared with a
      1,065 words
    • 996 30 John McDonnell, chairman and chief executive officer of McDonnell Douglas, hits out at the subsidies that Airbus is receiving from three European governments FT AIRBUS Industrie's increasingly successful assault on US predominance in commercial aircraft markets is fuelled by massive subsidies from three European governments. There
      FT  -  996 words
    • 871 30 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
      871 words
    • 9818 38 This is a list of ships loading Aus at Singapore for ports around the world. It tabulates, by destination, the name of the j C3 ship, the shipping line in- Atb volved and the estimated Ma dates of arrival and departure Auj from the Port of Singapore.
      9,818 words
    • 3330 43 Containerline NV: Belsin mm 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). Albatroa Sea-Air Service: Frata Shpg Pte Ltd (S).
      3,330 words
    • 248 43 Abacus Couriers Tel: 545-8011. Fa*: *****98. Air Express Travel Tel: 533-5771. Fax: *****44. Airborne Freight Corporation Tel: 542-8844. Fax: *****16, *****80. Airswift Worldwide Cornier Tel: 278-0188. Fax: *****83. AJS Supplies Tel: 748-6322 (2 lines), 747-7421. Fax: *****75. City-Link International Tel: 344-3377. Fax: *****50. Ouster Link Supplies A Services
      248 words
    • 1538 43 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. 545-803 l Fax: *****05. Aerosoeed Tel: 542-5911. Fax: *****18. Air Cargo Novo Express Tel: 542-5454. Fax: *****06. Air Express International Tel: 542-7666. Fax: *****74, *****50.
      1,538 words
    • 417 44 A_ 1S vessels in port. Aqaba 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. Aratu Solid bulk terminal two vessels berthed and two waiting, delay one day. Liquid bulk terminal
      417 words
    • 687 44 SHIP SALES TANKER RATES VESSELS ON OFFER talk carriers Sunderland: 52,164 dwt and built 1970. Saa Marco: 37,850 dwt and built 1968. Ajar 27,365 dwt and built 1971, on offer at USS3 million. SoMa: 29,785 dwt and built 1984, on offer at USSU million. A! Noor 45,798 dwt and built
      687 words
    • 462 44 ARRIVALS DEPARTURES Op Flight Type ETA T From Op Flight Type ETD T To TODAY TODAY KAL KE697 B747F 0150 I SEL KAL KE697 B747F 0440 I BKK NCA KZ203 B747F 1930 1 NRT SIA SQ822 B747F 0715 2 DXB/LON KAL KE685 A30F 2345 1 SEL/MNL TOMORROW
      462 words
    • 350 44 CRUISE FERRY SCHEDULES CRUISE SHIPS Ait Dtp Nit of Vessel ETA fc.lU Ports of Calls Port Ayt MM 15 15 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 16 16 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 19 19 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 20 20 Cora Princess 1000
      350 words
    • SHIPS IN PORT
      • 581 45 Vand toy No Berth Anwd Departn V«sm( toy No Berth Arm at Departwt Marina Tannin 1 Tss *****1 15 os/isoo 1508/1900 Batam Maw *****1 M04 atomde 1508/2300 anoahu 1191 w 14.08/1930 1508/1400 Batam Sayang *****1 M05 !to?X 1508/2300 8 ">* P03 1408/1800 16 08/1500 Batammdo 1 81S
        581 words
      • 235 45 Pmih Port Barth in Buttannrth on Aug 15: 1: Pichit Samut; 2: ml; 3: Sea Horse; 4: nil; 5: ml; 6: Aha Bhum. Penang What NB: nil; CB: Victory; S8: nil. BCT: Bt Kapttan VasHly; Bl Jin Shan Hai; l/B; Seraya. WIP: ni. Due on Aug 15:
        235 words
      • 868 45 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Boofcint/lbbnco Rdts Voy No Etb/Btr Period Fran To From ACX Daisy 17B 16/0700 2 14/1700 15/0659 15/0900 4 15/1200 15/1459 15/1700 Aka Bhum 516N 16/2300 2 14/1700 15/0659 15/0900 4 15/1200 15/1459 15/1700 At Mufiarraq 2A 16/0700 1 14/1500
        868 words
    • 366 46  -  From Shirish Nadkarni IN BOMBAY BOMBAY The container terminal at the Jawaharlal Nehru Port (formerly known as Nhava Sheva) is to be expanded substantially to help the growth of containerisation. This was announced on Tuesday by Ashok Joshi, joint secretary in the Ministry
      366 words
    • 224 46 NYT NEW YORK British Airways has introduced discounts of up to 15 per cent on its flights between the United States and London this autumn, and three US carriers American, Continental and United have quickly matched them. Other carriers competing on the
      NYT  -  224 words
    • 321 46 AFP KOUROU, French Guiana An unmanned European rocket is due to blast off this week and deploy a mammoth telecommunications satellite for the international consortium Intelsat. Aided by four liquid-fuel boosters to hoist its 4.3 tonne payload, the Ariane-44L rocket has two launch
      AFP  -  321 words
    • 173 46 BernamaKyodo NAGOYA Toyota Motor Corp will introduce an employment system for retired workers over 60 at its production plants beginning on September 1. Japan's top automaker said it hopes the older workers will fill the vacuum left by younger workers who are in short supply due
      Bernama- Kyodo  -  173 words
  • Page 29 Advertisements
    • 21 29 Lines and services represented by Members ef the Registry of Accredited [JgJJ Shipping Agents, Singapore National Ship- SjMf) ping Association. I
      21 words
    • 621 29 ail SWEE HENG METAL CO PTE LTD No 13. TUAS AVENUE 14. S PORE 2263 FAX *****46 TEL: MISKS (S lines) TLX RS ***** SHMCPL SOLE AGENT Fl 111 Maintenance Equipment Also I rent repair I mmmmmmmmmmmmmmnmmmmmmmmßHsmmmmammmmmmmtmmr \0 N A L rtmmw i mhhi ummmmmrmmmmmmmmmmmmmmmmmmmmm V V rnrnmm 1 hn
      621 words
    • 53 29 A* Forwarders 15 fcr Freight Schedule 16 Cocfcett Report 2 Container Schedule 17 Courier Servces 15 Cruse Ferry Schedules 16 Darfy 2 Index to Adwrtnrs 1 Port Contoors 16 Shppng Agents 15 Shppng Gude 10.11 SNsales/Tanter Rates 16 Shps m Port 17 Smgapore Tries 17 Transport Oary 3 Weather and
      53 words


  • Page 31 Advertisements
    • 2136 31 ——I \m OOCL (S) PTE LTD JAROME SHIPPING AGENCIES TEL: *****11 FAX *****09 All If# BOOKINGS TEL: *****34/*****68 HTAJUOUIVI TERMINAUCFS TEL: *****18-220 I Cfflv I PESAKA JARDINE SHIPPING AGENCIES SON. BHD k. VAy >J PORT KELANC TEL: *****18 FAX *****91/*****88 KVfl PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 BfiPTPPPI
      2,136 words
    • 1743 31 TRANSPORT DIARY i# mm*mmmm *ww* ->■*--■ Aug 21-22: Seminar on Shipbroking and Chartering I Terms, Negotiation and Fixing, organised by Facs World at Carlton Hotel. Sept 4-6: Seminar on Commercial Shipping, L/C and Cargo Gaims of International Trade Specific Issues, Contextual Practice and Operational Process, organised by Facs World at
      1,743 words
    • 1534 31 MflllMj.L-l'lllJlJ TWO SAILINGS TO USA SINGAPORE/TACOMA 18 DAYS SINGAPORE/LONGBEACH 19 DAYS vassal Voy ETA I ETD 'Port "Panang DESTINATIONS Singapore Kelang TIM week Mar* Maersk 9106 Feeder by )QffQQ2BEQE3jK!£^^EEEEE!2!I^Q&^2^9I^I cy ao/» moo m«s m pmto Ml mmm era 19/8 2388 MRS OAK LOB HOU MEM ATL MIA CMS BAL PHL
      1,534 words

  • Page 32 Advertisements
    • 1074 32 T T P VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE LONDON EXPRESS 03/132 17/8 8/9 5/9 4/9 KITANO 09/332 17/8 4/9 6/9 9/9 10/9 WdS||2 HAMBURG EXPRESS 04/133 22/8 14/9 10/9 9/9 ALL ■tfTtOW® HANNOVER EXPRESS 04/333 25/8 11/9 13/9 18/9 17/9 WUMCMtt KATSURAGI 07/134 29/8 21/9 17/9
      1,074 words
    • 668 32 SEASPAC SERVICE MRECT SOUTH PACFIC SERVICE SIN NOO SUV PPT IS LA FLOREANA 2508E8 2/0 18/# 21/# 26/9 ALSO ACCEPTMG CARGO WW SUVA TO: LAUTOKA, PAGO PAGO APIA t NUKUALOAFA MRECT CHILE/ SOUTH AMERICAN SERVICE SIN lOQ ANF STO VAP CLX IS LA FLOREANA 2500E8 2/9 9/10 10/10 13/10 15/10
      668 words
    • 1584 32 Blvmaska im REGULAR INDEPENDENT FULL CONTAINER SERVICE W£STB6UND FOR EUROPfc VSL/VOV SM ALG BCL HAM ORE TOT ART FE LHA (VIA (VIA (WA ALG) HAM) ROT) NOR ASIA PRINCESS 9123-3 11/08 01/09 11/09 13/09 14/09 15/09 1«/W 17/01 11/« JAPAN-SEA 124* 25/08 15/09 17/09 20/09 21/09 22/09 24/09 22/09 24/09
      1,584 words

  • Page 33 Advertisements
    • 1929 33 ssSSteamers Maritime Holdings Ltd IM&P&O I ST3~- T^sHj,p^t G Containers mm Vey No +Hn/ +MUI Alg Sou Am Rot Hb| «rrr»T< nr Uis LMOOC MA£*SK 11M 10 01 12/0* li/M 29/ M 81/U 02/09 04/09 ""JJl* UWRfOOLBAT 0544 10/01 12/0t 17/01 03/0* 04/09 07/09 ui* gw yu ho m Port
      1,929 words
    • 2108 33 vtssn voy o«K ia cw fd> w wrc wml vot wrc no> w an m ow CHOTMG PMK TMjT 17/1 11/1 l)/0 *2/1 27/1 20/1 21/1 1/1• MOCN WMT(ji DA 17* J/j 5/7 7/7 12/7 HTt 22/7 11/t UKMCAN XMTOR Ef 133 24/0 lt/l *t/1 21/1 5/lt 0/10 1/10 W»
      2,108 words
    • 372 33 vTTsyHvsHinrMVSMlTPflilßi W//MSitTf rT*** fTTtmJ^lMlml2lMßmm STRAITS/ JAPAN/ STRAITS SERVICE I.OAniNfl FOR OSAKA ORANGE MOON Vl6 ETA SPORE 23/8/91 ETA OSAKA 5/9/91 LOADING FOB OSAKA/ N AOOYA /YOKOHAMA SEKI PINE V3B ETA STORE 27/8/91 ETA PK 29/8/91 ETA OSAKA 11/9/91 ETA NAGOYA 12/9/91 ETA YOKOHAMA 14/9/91 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY
      372 words

  • Page 34 Advertisements
    • 537 34 CR NBR **********0-D EXPRESS SEW-CONTAINERSHIP SERVICE TO EUROPE Wl/WY STOK MMM/MMM WWK MODI «T*W KUTM/23M8 1/1 VM 15/10 IJ/10 22/10 kUIMUM/30NB 7/10 1/11 M/ll 1«/" »A 1 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Sot>|«ct lo Inducement Also accepting cargo to Casablanca. Pact Said. Port Alexandria. Genoa. Trieste. ALSO ACCEPTING BOTH
      537 words
    • 962 34 ifil I V HANJIN SHIPPING ISporilLEH RTM ANR HAM BRV FEL FEEDER VSL SM LINE HAUL LGB OAK HANJIN SPORE 002W 20/8 6/9 7/9 8/9 8/9 9/9 10/9 HANJIN HAMBURG N7E 20/8 DRECT 9/9 12/9 HANJIN MASAN 064* 25/8 12/9 13/9 14/9 14/9 15/9 16/9 HANJIN KUNSAN 064E 3/9 H.
      962 words
    • 34 34 mu mm. muthsouth mock were me nmn oai* ueecci ft AVAILABLE FOR vl *SMn^ft/TMMBHIPMfcNT -•OHO wvti -A rt«ML PeNH 21/*/»1 "AARON r- UWAIT 30/A/fl -SSSSBSSgSS£^ mbava" |M BATAM WKKLV #CRV*CU 11 ffj,"""'iSSilSw)" 'M 7
      34 words
    • 1236 34 d -InVHTTMi Im. StP MW at KLC PW Mr 0» NET ae TTD LAX CMS IN. mt lift MM KM IMP MS no CM m.SEP I* E CDdIT K437 IS/I 11/ l M/l 22/* Zl/1 M/« 21/1 29/S 31/1 31/9 2/1 U/l 25/1 27/1 21/1 1/11 1/11 11/11 11/11 13/11
      1,236 words

  • Page 35 Advertisements
    • 1997 35 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 ff% AUST/INDIA/PAK SERVICE: *****18 CFS K27 EXPORT *****53/*****04 wjmmfk FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 nepline son BHD MALAYSIA K.L.-(03) *****33, P. Kelang-(03)
      1,997 words
    • 1035 35 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-DCCHWOHG WESTKMC-LOMHG HWCHPTED W ROTTHDAM msms wr l»» |m ma w
      1,035 words

  • Page 36 Advertisements
    • 1544 36 K*ft i_ 9* (CR No: **********0 M) v V AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD I B TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 1 V Fj MALAYSIA "K" LINE MARITIME (MALAYSIA) SDN BHD TE L pj *****00 PK *****01/5 PENANG *****5 JB *****1. ■■■■i KAWASAKI KISEN KAISHA, LTD Indonesia:
      1,544 words
    • 1070 36 VO PHILI-ORI€NT UNCS PT€ LTD I 108 Robinson Road #07-00 GUG Building Singapore 0108 Tel: *****22/*****69/*****00 Telex: RS ***** PHI Li FAX: **********6231 BY AIR, LAND OR 5EA..... J WE TAKE ON THE WORLD FOR YOU M 0: MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION xjjsf 20 AUG MONTREAL, OTTAWA, TORONTO,
      1,070 words

  • Page 37 Advertisements
    • 1436 37 g£gg PACIFIC INTERNATIONAL LINES (PTE) LTD M mfc P»- Building, <40 Cecil Street #0300. Singapore 0106. I 1 VESSEL VOY SIN JKT SIN BTTJf L 9102 17/S JI/8 24/1 •UNOA TERATAI 333 18/8 21/1 2S/8 KOTA PAHLAWAN 9130 18/8 21/S 2S/8 f--IQUATM MAS ISN IS/S 20/1 28/S JENLINK SSN IS/S
      1,436 words
    • 1050 37 BEN LINE CONTAINERS LTD 200 Cantonment Road Tel: *****22 #13-05 Southpoint Fax: *****63 Singapore 0208. Telex: RS ***** EXPRESS CONTAINER SERVICE TO UK/CONTINENT ESSEL VOY NOS SPORE FRANCE R HOLLAND M SHA y rON germany/XAN G °SWEDEN RG uoaa* 278 15/8 31/8 1/9 2/9 4/9 ledloyd Tokyo 276 15/8 6/9
      1,050 words
    • 442 37 M MYANMA M FIVE STAR LIKE (Myanmar National Lina) Loading for Yangon (Rangoon) -s Spore P.Wf Pen P Gdf HPA-AN VIM* 11/20 Auf MYOMA TOM VI3CW 21/23 Ai« 24/20 Auf AVA VIIOW 20/25 Au| PA THEM VII3W 10/21 At« 17/10 Ami TgR THE BANK lINI (A Mnrtct of Andrtw W»k
      442 words



  • Page 40 Advertisements
    • 685 40 TO AUSTRALIA/NEW ZEALAND 1 Hi Ili iFram |M* |S* |feck INK [Fo5uTI I r aim wnc m mi i/» 7/0 n/» u/o io/o y ORUSSCI 277 10/0 17/$ 22/0 20/0 1/10 1/M 4/10 C mXK 271 25/5 I7uT 7/10 12/10 10/10 M/ 10 MMni 270 10/10 21/10 20/10 1/11 0/11
      685 words
    • 692 40 EXPOTS TO HONGKON6, TAIWAN 4 JAPAN TWICE tfEKlt MALACCA $TKAITS_S£ *VICE_ miTMUC VOY KL PEN St SN NNL HK( XAO UE TTO Sfi NGO KO6 I VESSa wT SjN_ PW. WM» *41 13.1 lii" 22 8 27 8 218 29 8 TSK MELOOY 29A 16J_ wj 2JJI_ 1 rMfH p
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    • 206 40 PERUSAHAAN PELAYARAH? i W KALIMANTAN r DIRECT WEEKLY SERVICE TO j i 1 JAKARTA/TG. PRIOK Vessel ETA/ETD DESTINATION I NIAGA 42 Voy 13/91 15/16 Au| Jafc*ta/Patembang I l NIAGA XXI Voy 18/91 19/20 Au| Jafcarta/Palembang j NIAGA XXI Voy 19/91 22/23 Au( Jakarta/Patembang NIAGA 42 Voy 14/91 26/27 Au| Jakarta/Paixnbanf
      206 words
    • 1405 40 t WH I S CHINA OCEAN SHIPPING COMPANY I I COSC(r FULL CONTAINER UNEB SERVICE I I Malaysia'S ACEMTS SINGAPORE'S GENERAL AGENTS: I I CHUNG CHIAO SHIPPING!SDN COSTAR SHAPING PTE LTD I afISSSSRa ffia** I row -m vmtummm 1 cos SEffi SJ»T" I I GUAN GUAN SHIPPING SON BHD CR
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  • Page 41 Advertisements
    • 601 41 GUARANTEED CONSOL TO:KEELUNG/KAOHSIUNG 25.8.91 HONG KONG 18.8.91 BUSAN 18.8.91 BANGKOK 18.8.91 EUROPE 18.8.91 TOKYO/KOBE/YOKOHAMA 18.8.91 USA 18.8.91 AUCKLANO 23.8.91 FREMANTLE 17.8.91 SYDNEY/MELBOURNE 21.8.91 FOR BOOKING PLEASE CALL AT OUR HOTLINE 538-0155 (8 LINES) FAX: *****92 PLEASE CONTACT CAiNE TAN. KATHLYN TAY, SOPHIA BAY OH KAREN SIM FAST WRECT REGULAR SERVICE
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    • 492 41 rSSmCHFIELD MARINE AGENCIES (S) PTE LTD '3a TEL: *****33 (12 Lliim) Zl FAX: *****15/*****03 y TELEX: RS ***** RISHIP (3 LII*M) ETHIOPIAN SNIPPING LINES J (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOAOtNQ FOR SPORE ANOINET 24W8 2S/0S OARESSALAAM MOMBASA. DJIBOUTI ASSAB. MASSAWA ABYOT 2SWB 20/09
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    • 877 41 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD i ETA ETA ETA SPORE KMT KELANG PENANG Blue lAOE 22/1 loading (or Male MMM HUDHt 21/1 loading to# Calcutta OOLPMN 23/8 loading Foi Male PIONEER SUPREME 16/8 loading For Male DONAKULHI In Port Loaded For Fekwaru PROGRESS IKRTY 22/8 M Port
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    • 706 41 I BANGKOK SM *T *«a W SmGAKK MWMOi 1_ >7/8 20/8 NANTA BHUM 53H IV* 21/8 24/8 CHAIYA MM#* I*l Sat 17/8 Tw W/> 24/8 27/8 MAHA BHUM# 71* 1m 18/8 21/1 28/8 31/1 OtJA BHUM# 23* lw 28/8 M HMTAMM TW 22/8 ft. »/8_ SM SIAYA CHAIYA BHUM#* 20N
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  • Page 42 Advertisements
    • 1163 42 S'PORE MPORT:*22I6OO2 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 McMmkzpmrs l africa pEN pK $|N p EN PK SIN Colombo 15/8 16/8 17/8 17/8 18/8 19/8 Ldn/Flx/Rdm/Ant Durban/Pt Louis 15/8 16/8 17/8 17/8
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    • 313 42 ffafc blue star line TO FROM D/ NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN NPI ML Iff SIN MAHSURI 0502 27/1 ¥1* NPI 10/J 27/9 PKOSPtCT 14S 20/9 VIA Nft 22/9 MANDAMA 0504 21/9 3/10 VIA NPI 5/10 22/10 FULLY CONTAINERISED SAILINOS DISCHARGING AT
      313 words
    • 1209 42 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 TLX: RS ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO ftOMVEHTIONAL/CQNTAIHER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL [VOY |ETA IPiST VESSEL VOY SHWE P. KEIAK
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  • Page 44 Advertisements
    • 6 44 Read Chartpoint in BT every Saturday
      6 words
    • 135 44 UP. LIVING IT -,x EACH WEEKEND, put up your executive feet, and let us shuffle through your imagination. We usually tread lightly, but even when we don't, youH 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
      135 words

  • Page 45 Advertisements
  • Page 45 Miscellaneous
    • 290 45 ""^TpEnNDwSTHER™"' TODAY'S TIDES (height in metres) MM 0000I1M 0200 0300 MN KM MM I7N MM *****M11N L2NIJNI4N ISM lfM 1700 UN ISN 2M 21N 22N Z3N JR 1.9 2.6 18 18 2.5 2.0 14 0.9 0.6 0.5 0.7 1.1 1.7 2.4 16 2.7 2.5 2.0 1.4 09 0.6 0.5 0.5
      290 words

  • Page 46 Advertisements
    • 824 46 CHARTPOINT Every Saturday in Business Times HYUNDAI jJk MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST Fffi» VOY Ml PK£ ISW lit HAUL WY IBM OA* SEA LI HAM. WW TCM/SEA PTL WAN HfU 202 024 12/00 13/00 15/01 M. CHALLENGE* ME 09/09 14/09 17/09 BAT
      824 words
    • 166 46 PASJR GUDANG/SINGAFORE TWICE WEEKLY SALINGS (TUE SAT) VESSEL VOY P.GUDANG S PORE JOSINDO SATU 025S 16/8 17/8 026S 19/8 20/8 027S 23/8 24/8 028S 26/8 27/8 029S 30/8 31/8 030S 02/9 03/9 RASIR GUDANG (07) *****0/*****1 (02) 534-0042 B V i 4 m w m v m m DAMAR SEGARA
      166 words
    • 503 46 CHARTPOINT Every Saturday in Business Times Phone: *****11 *****66 *****8 *****88 *****2 *****29 *****3 F»x: *****59 *****14 *****8 *****88 *****6 *****17 *****5 Fyjw m rnmm hm uiomhovmi h n n m OUR USA wu mm till t/i mwiai nwrt tjn7i" i/i 11/1 H7i~ n/i 12/1 12/1 u/T u/t SERVICE CALLS
      503 words