The Business Times, 22 August 1991

Total Pages: 46
1 46 The Business Times
  • 10 1 Business Times MCI (P) 16/12/90 Thursday, August 22, 1991 75*
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  • NEWS
    • 54 1 JERUSALEM Israel expanded a Jewish enclave in the West Bank city of Hebron yesterday by moving a cluster of mobile homes into a former Arab bus terminal. Palestinians throughout the occupied lands observed a general strike yesterday to protest against Jewish settlement building
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    • 64 1 LONDON US giant Boeing has been awarded contracts worth £4.2 billion (557.3 billion) to provide up to 54 new aircraft designed to take British Airways' long-haul fleet into the next century. The British carrier said that from 1995 it would be taking delivery of
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    • 21 1 CONGLOMERATE Sembawang will sign a memorandum of understanding with Indonesian group PT Bangun Cipta Sarana today Back Page
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    • 30 1 TAXATION of goods and equity ownership of ventures dominated discussions during an investment mission by members of the Singapore Manufacturers' Association to Batam yesterday. Back Page
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    • 21 1 A THAI investment mission, led by the Board of Investment, will visit Indonesia next month Page 8
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    • 21 1 DENG XIAOPING, who turns 87 today, continues to exert a strong influence on China's affairs Page 8
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    • 20 1 AUSTRALIA'S CPF-stylc scheme, announced in the 1991/92 budget, is coming against resistance from business community. Page 10
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    • 19 1 SINGAPORE is poised to plant its investment seeds in New Zealand's forest industry Page 11
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    • 15 1 BANKS are trying to woo more customers with expensive gifts Page 13
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    • 27 1 COLOMBIAN author Gabriel Garcia Marquez is delighted by the spread across the US of the Latin way of loving and of dying Page 17
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  • MARKETS
    • 35 1 WALL STREET stocks jumped dramatically early yesterday following reports that the Soviet coup had collapsed. The Dow Jones average of 30 industrials jumped 41.59 points to 2,955.28 in the first hour of trading.
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    • 39 1 LONDON shares were higher at midday yesterday on bullish sentiment based on reports that the Soviet coup was floundering. At about 1200 GMT, the FTSE 100-Sharc Index was up 33.3 points, or 1.3 per cent, at 2,587.8.
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    • 19 1 THE URBAN Redevelopment Authority yesterday approved more than $250 million worth of residential projects. Page 3
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    • 35 1 HAW PAR Brothers International Ltd has reported that its group after-tax profit for the period ended June 30 rose 14 per cent from a year earlier to $15.4 million Page 3
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    • 22 1 GROUP profit after-tax at Beijaya Corporatipn (M) Bhd has fallen marginally to M 534.17 million (5521.19 million) Page 3
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    • 32 1 KNIGHT-RIDDER Financial Information Group (KRFIG) is looking at increasing its presence in the region to tap the growing financial markets in South-east Asia and South Asia Page 7
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    • Article, Illustration
      29 1 Wednesday Change BT-MGA 652.17 +0.08 Kuala Lumpur ....527.88 -0.15 Tokyo 22,051.60 +364.54 Hongkong 3,863.68 +15.24 Sydney 1,536.21 +13.1 Tuesday Change New York 2,913.69 +15.66 London 2,554.52 +14.0
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    • 22 1 Exchange rates USS SS 1.7300 100 Yen SS 1.2596 MS SS 0.6204 Money market rates Overnight 4-3/8 -1/8 3-month 5 -1/8
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    • 37 1 London Gold AM fix US$356.20 -US$2.30 Rubber S'pore Sep l38.00Vkg -1.25 M'sia Sep 225.50*/kg -1.00 KL Tin Turnover 54 tonnes +9 Spot M$ 15.22/kg +0.06 Crude palm oil Turnover 1,701 lots -171 Sep M$829 /tonne -16
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  • 557 1  -  General Election '91 Chok Tong says clear endorsement of his leadership still at issue By Anna Teo WITH 41 SEATS in hand at the close of nominations yesterday, the People's Action Party has been returned to government. But Prime Minister Goh Chok Tong still seeks from
    Photo by Wong Kwai Chow  -  557 words
  • 629 1 The toppling of Gorbachev Emergency Committee members said to be flying out of Moscow Agencies MOSCOW The coup against Mikhail Gorbachev appeared to be collapsing yesterday, with the entire eight-man coup committee leaving Moscow by plane and order by the Soviet Defence Ministry for
    Agencies  -  629 words
  • 261 1 STOCKS rose while the dollar and oil prices fell last night as news broke that the Soviet coup had apparently collapsed. At 10.30 am in New York, the Dow Jones Industrial Average stood 41.59 points higher at 2,955.28. It had jumped more than
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  • 226 1 SINGAPORE Prime Minister Goh Chok Tong's mind may be on the coming election, but his primary concern centres more on events in the Soviet Union. The shock developments there would have an impact internationally, he said yesterday. It may lead to rising tensions with the
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  • Page 1 Advertisements
    • 247 1 mBBBBSSSSI fßurberrys"] j Reigns when it pours Ad Marketing 13 Interbank Forex Rates 25 Weather 27 Aircraft Schedule 27 KLSE 21 Commodities 26 Money Changer Rates 27 For market indices, editorial. Company News 3,4,6 Money Market 25 advertising and circulation exCryptic Crossword 27 Regional Stock Markets 23 tensions, call Business
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    • 8 1 Stamford Tyres' offer 12 times oversubscribed, Back Pg
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    • 86 1 k TOTAL TRANSPORTATION fa SERVICES tROWN^BACIHC 36 Pioneer Rood Singapore 2262 IN/Fox: 862 2840 Tlx: RS ***** CRWNPAC Tel: 861 6818 tmwwwjfjtmmmA No big economic fallout, some say, Pg 8 Yeltsin saviour or egotist?, Pg 9 Shipowners wary of striking new Soviet deals, Shipping Times Pgl The I t >
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    • 4 1 More reports, Pg 2
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  • GENERAL ELECTION '91
    • 638 2 THE CLEAR endorsement Prime Minister Goh Chok Tong is seeking from Singaporeans of his style and programmes would mean a share for the People's Action Party of more than 63 per cent of the valid votes cast on Aug 31. "My
      638 words
    • 452 2 IN ITS bid to cut down the PAP's share of votes to 56 per cent, the Workers' Party will go to the hustings this week claiming that Prime Minister Goh Chok Tong is rushing into an election to resolve "an
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    • At the centres
      • 90 2 "THIS IS a general election, not a by-election." Prof S Jayakumar. who is standing in Bedok GRC with Abdullah Tarmugi, Tan Soo Khoon and Dr Arthur Beng, reacting to the Opposition strategy of turning this election into a by-election to improve their chances. Confident mood
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      • 58 2 PAP candidates returned unopposed all said they would have preferred a fight. "It would have enabled us to go around and ascertain the feelings of the electorate," said Dr Tony Tan (Sembawang GRC). "I'm both happy and disappointed. I am a 'virgin MP'," said surprise
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      • 66 2 INDEPENDENT M G Guru, a lawyer, wants to represent the rich. There has been enough talk about the poor and the middle class, he said. "Let the rich become rich and powerful. Why not?" Mr Guru, in a three-cornered fight for Tanglin, thinks
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      • 77 2 SDP candidate Jimmy Tan chose to take on PAP incumbent Lew Syn Pau in Tanglin because he identifies with votere there. Also, the seat has been uncontested since 1968 and it would be interesting to see the voting pattern. Before submitting his nomination form, Mr Tan said
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      • 73 2 A RUMOUR rippled through the crowd at some centres as nominations got under way: Mr J B Jeyaretnam has announced that he has been granted a presidential pardon. But it was just a joke started by Mr Jeyaretnam himself. Asked why he had turned up at the
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      • 54 2 POLICE had to warn PAP and WP supporters at the East View Secondary School to stay apart when their flag-waving, singing, and chanting became too boisterous. It was, said one observer, just like a sporting event with the supporters of two rival schools trying
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      • 52 2 UNOPPOSED PAP candidates will, after celebrating their walkovers, be pitching in to help their colleagues at the hustings. Said BG George Yeo (Aljunied GRC): "Our victory is their victory and their victory is our victory. In the end we are all supporting Goh
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    • 457 2 THE OPPOSITION wants the electorate to vote confidently to give Singapore a two-party parliamentaJ7 system, now that the People's Action Party has the mandate it wants. Chiam See Tong, secre-tary-general of the Singapore Democratic Party, made the call at a press
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  • Page 2 Advertisements
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  • COMPANY NEWS 1
    • 352 3  -  C&C, First Capital, Hong Leong/Mitsui, Far East group win tender By Lee Han Shih MORE THAN $250 million worth of residential projects were given the go-ahead yesterday by the Urban Redevelopment Authority. URA said four companies, Cycle Carriage (C&C), First Capital
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    • 441 3  -  By William Chia DIVERSIFIED Beijaya Corporation (M) Bhd has reported a marginal 2 per cent decline in group net earnings to M 534.17 million (5521.19 million) for the year ended April 30, 1991. As usual, the bottomline was boosted by extraordinary gains, amounting
      441 words
    • 197 3 gaming company Sports Toto Holdings Bhd is confident of achieving its forecast of a pre-tax profit of Ms 74 million (Ss46 million) for the year ending April 30, 1992. Sports Toto Holdings also said yesterday that it did not "release in any
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    • 230 3 KUALA LUMPUR Golden Hope Plantations has proposed a one-for-four rights issue of preference shares to raise some Ms2lo million (Ssl3o million) to fund its expansion programme. The rights issue, in the form of 211,495,607 irredeemable convertible cumulative preference shares (ICCPS) similar to the NOL
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    • 418 3  -  By Sytvia Wong UNITED Overseas Land (UOL), the property arm of the United Overseas Bank group, enjoyed a modest 4 per cent increase in interim net earnings of $18.37 million on a smaller turnover of $58.90 million. But it is Hotel
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    • 291 3 Taiping Con in talks to sell huge estate Bernama KUALA LUMPUR Taiping Consolidated Bhd is considering selling off one of its main assets 1,014 hectares of land in Pajam, Negeri Sembilan and is currently holding negotiations with a few interested and potential buyers, company director Low Han Hing said yesterday.
      Bernama  -  291 words
    • 435 3  -  By Genevieve Cua HAW PAR Brothers International Ltd yesterday announced a healthy set of interim results despite writeoffs totalling $4.1 million due to the closure of its international trading division. Haw Par's group after-tax profit for the period ended June 30
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    • COMPANY BRIEFS
      • 104 3 SINGAPORE Cold Storage (Malaysia) Bhd has decided to close its OVAL fashion store to concentrate its resources on areas such as goods manufacturing, distribution and retailing. In a statement, it said that the store, which opened in January last year, has been operating
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      • 104 3 KUALA LUMPUR Property group Lien Hoe Corp Bhd is back in the black with a group pre-tax profit of M 53.24 million (Ss2 million) for the half-year ended June 30, against a loss of $1.21 million a year ago. Group after-tax profit amounted to
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      • 110 3 KUALA LUMPUR Hock Hua Bank Bhd's group pre-tax profit for the year ended on June 20 rose 24 per cent to M$ 19.70 million (S$ 12.2 million) from $15.89 million the year before. Its unaudited interim result showed that group turnover rose 30.6 per
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      • 39 3 KUALA LUMPUR Magnum Corp Bhd said it propose* to sub-divide the par value of its shares to 50 sen from the present Msl. Its present share capital comprises 181 million shares of M$ I each.
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      • 82 3 KUALA LUMPUR Samanda Holdings Bhd says it will use the proceeds from its proposed rights issue and special issue, totalling M 545.2 million, to finance its expansion programme, reduce bank borrowings and financing facilities, and provide working capital for the group. Samanda is proposing a one-for-two
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      • 88 3 KUALA LUMPUR Malayawata Steel Bhd hopes to become self-sufficient in billets and to diversify its product range with its recently announced Ms2oo million (Ssl24 million) programme to upgrade and modernise the existing iron and steel making facilities over the next three years, chairman Tunku Datuk Shahriman
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    • COMPANY BRIEFS
      • 106 4 TAIPEI Taiwan's top law enforcement agency yesterday questioned tycoon Tsai Wan-lin, believed to be the island's richest man, over allegations that he tried to bribe an opposition legislator, a spokesman said. "Sheer bad luck. Bad luck. It's hard to be a good man," Mr
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      • 105 4 TOKYO Japan's TDK Corp's net consolidated profit fell 2.6 per cent from a year earlier to 6.55 billion yen (5582.5 million) in the three months to June. The world's largest producer of magnetic tapes said group sales grew 3 per cent to 132 billion
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      • 56 4 MANILA Lower world metal prices and unfavourable weather conditions in the Philippines caused Atlas Consolidated Mining and Development Corp to incur a loss of Nfc.s million pesos (559.2 million) in the first half. This compared to a net profit of 100 million pesos in the six-month
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      • 86 4 HONGKONG First Pacific Co Ltd plans to buy the 50 oer cent of Pacific Link Communications Ltd it does not g&feady own from Millicom International Cellular for about Qsslso million (Ss26o million), First Pacific said in a Statement. The investment and management
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    • 687 4  -  It plans a USs2o9m plant expansion to double capacity From William Chia in JAKARTA PT SEMEN CIBINONG aims to become Indonesia's second-largest cement producer with a US$2O9 million (*****.3 million) plant expansion that will double production capacity to three million
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    • 199 4 HONGKONG Fairwood Fast Food, which will seek a stock exchange listing in Hongkong next month* is earmarking HKSISO million (5533.6 million) to expand its retail network and diversify over the next two years, the South China Morning Post reported recently. Managing director Dennis Lo
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    • 152 4 Reuter SYDNEY Base metals group MIM Holdings Ltd said operating losses incurred by its Australian coal and gold operations contributed to a 74 per cent slump in net operating profit to A 575.7 million (S$ 102.4 million), despite higher revenue. MIM, owned 14.3 per cent by
      Reuter  -  152 words
    • 523 4 MARKET TALK Reuter BANGKOK Thai investors are shying away from a stock market haunted by political jitters ahead of general elections promised for early 1992. Daily turnover on the Stock Exchange of Thailand (SET) plummeted to seven-month lows this week as Thai and foreign
      Reuter  -  523 words
    • 269 4  -  By Dexter Lee SINGAPORE Keppel Corp has appointed Hoe Eng Hock as the new president of its Manila-based subsidiary, Keppel Philippines Shipyard Inc. Mr Hoe, formerly the subsidiary's vice-president, succeeds Mr Benjamin Mata, who has retired after being at the helm since
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    • COMPANY BRIEFS
      • 94 6 STOCKHOLM Swiss-based packaging firm Tetra Pak said it would move its head office from Lausanne, Switzerland to Lund, Sweden to optimise its operations following its acquisition of Sweden's Alfa-Laval AB. Dairy-equipment maker AlfaLaval will also move its head office from Stockholm
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      • 85 6 LOS ANGELES Adobe Systems Inc said its agreement with Apple Computers Inc to have its Type 1 Font Technology included in future versions of Apple's System 7 software will increase sales of Adobe software. "We expect the major impact for us from this is the
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      • 94 6 LEVERKUSEN, Germany Sales at German chemical ?ro up Bayer AG rose over 2 per cent in the first half of 991, a spokesman for the company said. Foreign sales rose one per cent while domestic sales were up a stronger six per cent, the
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      • 95 6 MOLINE, Illinois Deere and Co said 1991 production is expected to be 17 per cent lower than 1990 output due to weak retail sales of agricultural and industrial equipment. Deere also said fourth quarter production schedules will be down about 10 per cent from
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    • 249 6 Reuter LONDON Property company Mountleigh Group pic said it had been unable to sell shares not taken up under its rights issue in the market at a premium. As a result, 88.07 per cent of the shares on offer will be taken up
      Reuter  -  249 words
    • 421 6 Singapore investors among top purchasers Reuter NEW YORK Foreigners were net buyers of US stocks in the first quarter, reversing a 15-month trend of net sales, according to the Securities Industry Association (SIA). The largest net purchasers were Netherlands Antilles, Canada
      Reuter  -  421 words
    • 524 6 Reuter NEW YORK As the political storm in the Soviet Union rages, US equities are shaping up as the favoured investments for jittery international players, analysts said. While US shares suffered a 2.4 per cent drop on Monday
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    • 473 6 NYT NEW YORK Peter S Kalikow, one of New York city's biggest real estate developers and publisher of the New York Post, filed for personal bankruptcy protection on Tuesday. Mr Kalikow, who inherited a large fortune and was once one of the nation's
      NYT  -  473 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
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    • 348 4 IBwty» V th« Date Camagia CourWG hilpt mm and wonwn: Acquira poisa and conlidanca Spaak affectively Sal youraaif and your idaai Bast your boat wNh any group riamambar nanac •Think and spaak on your teat Control faar and worry Ba a baoar convarsatnnalat J; Davatop your hiddan abtitial 1 Win
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  • Page 5 Advertisements
    • 215 5 %v JL S ::CAT '< J k'W-''lL T 1 #V.- j/i J* V t. >"■ *>i: '£> 1 What's Better «VU r V- 1 7' .'T-.;\7. For Them is Better (Wl» rM i FOR YOU. v V A -if f (■tt awi;' -■f I &v •> I W f ■H^^HHRI
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  • Page 6 Advertisements
    • 1063 6 Um SINGAPORE BRANCH 111 3 Shenton Way, Shenton House, Singapore 0106 111 Robinson Road P.O. Box 246 Singapore 9004 *oo.p«. banque indosuez s^. CONSOLIDATED BALANCE SHEET CONSOLIDATED STATEMENT OF INCOME BANQUE INDOSUEZ AND SUBSIDIARIES BANQUE INDOSUEZ AND SUBSIDIARIES (tn thousands) Vmt ended Decerrbet 31 (In thousands, excect per share datal
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    • 276 6 22 er 23 October 1991 Hilton Hotel, Kuala Lumpur, Malaysia Essential market information for Alfred Xerez Burgos. President. Land investors, developers and end-users. Company, Philippines Key participants include: Malaysian Industrial Development Dr. Somchet Thinophong, Governor, Authority Industrial Estate Authority of Thailand Features: Ir. R P INapitupulu, Deputy, Planning Promotion, The
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  • FINANCIAL NEWS
    • 548 7  -  Exclusive interview with company's chief operating officer By Shoeb Kagda SINGAPORE To tap the growing financial markets in South-east Asia and South Asia, Knight-Ridder Financial Information Group (KRFIG) is looking at increasing its presence in the region. As banks and financial institutions expand
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    • SMALL CHANGE
      • 128 7 SINGAPORE The Singapore Foreign Exchange Market Committee will hold its third annual conference next month. The conference, "A New World Financial Order", will be held on Sep 11 and is organised with the assistance of the Government of Singapore Investment Corporation. The conference will
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      • 68 7 LONDON UK-based insurance broker Willis Corroon pic said its results continue to be affected by intense competition in direct insurance markets worldwide. Willis Corroon said in a statement that underlying turnover in its broking.and consultative businesses rose by 5 per cent in the first half
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      • 71 7 TOKYO A Fuji Bank Ltd spokesman said it has demanded that Osaka-based credit union Toyo Shinkin Bank pay it 300 million yen (SS3.79 million) in collateral from the account of a Toyo client under arrest in connection with a huge fraud scandal. Fuji is attempting
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      • 69 7 TOKYO Nomura Securities Co Ltd manipulated the price of a railway company's stock after it was cornered by a leading underworld figure in 1989, a parliamentary witness alleged yesterday. Hiroshi Ura, a freelance stock market analyst, told a Lower House Budget committee that a senior Nomura
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      • 49 7 TOKYO Zushi Credit Association, Yokohama Credit Association, and Kinkou Credit Association will merge next April, officials at the credit unions said. The merger will create a total deposit base of 79.79 billion yen, or 70th in size among the 407 unions nationwide, officials said.
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    • 370 7 Reuter LONDON European bankers said on Tuesday that it was too early to consider raising provisions against Soviet debt after the seizure of power by Communist Party hardliners. The country still has a relatively good payments record, and some bankers said the hard-line
      Reuter  -  370 words
    • 293 7 Reuter WASHINGTON Salomon Inc said investors have filed nine class-action lawsuits against the firm because of the misdeeds of its bond trading unit and that it is under investigation by the New York Stock Exchange. Salomon said in a filing with the
      Reuter  -  293 words
  • Page 7 Advertisements
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    • 3 7 Editorial, Pg 10
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  • THE REGION/THE WORLD
    • 603 8 The toppling of Gorbachev Reuter PARIS As the initial shock of Soviet President Mikhail Gorbachev's removal from power starts to wear off, some private economists are questioning warnings that the turmoil in Moscow will deal a severe blow to the world economy. The uncertainty
      Reuter  -  603 words
    • 238 8 AFP MANILA An influential US senator said yesterday that Washington would not renegotiate a military base treaty with the Philippines despite the perceived effects of the Soviet crisis on the pact. "The negotiations as far as the United States are concerned are
      AFP  -  238 words
    • 208 8 BANGKOK An investment mission to Indonesia, led by Thai Board of Investment (Bo I) secretary-general Chira Panupong, will seek investment opportunities during a visit there next month, the Bangkok Post has reported. The visit from Sep 1 to 7 will be the
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    • 273 8 AFP BELJING Deng Xiaoping turns 87 today, but the occasion will pass unnoticed by the vast majority of Chinese as the retired patriarch celebrates quietly with his immediate family. Despite maintaining the lowest of profiles, there is little doubt among observers here
      AFP  -  273 words
    • WORLD WATCH
      • 72 8 WASHINGTON The US electronics industry lost approximately 100,000 jobs during the 12 months ended in June, the American Electronics Association has announced. While employment grew by 10,000 between May and June, the job losses indicate an acceleration of a trend that began in
        72 words
      • 86 8 SEOUL The South Korean Defence Ministry has ordered the armed forces to step up its vigilance towards North Korea because of the coup in the Soviet Union, the Yonhap national news agency said yesterday. Ministry officials were not immediately available for comment, but it
        86 words
      • 75 8 BANGKOK Prince Norodom Sihanouk, the head of Cambodia's Supreme National Council (SNC), called on the United Nations yesterday to dispatch "about 200 observers and advisers" to help maintain the ceasefire in his country. The call came in a written statement issued as the prince arrived in
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      • 88 8 KUALA LUMPUR Malaysia's export earnings from major commodities fell further in the first quarter of this year following prolonged low prices and sluggish demand. Earnings from tin fell 55 per cent to MSI2S million (5577.5 million) compared with the last quarter of 1990, Bank Negara said
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  • Page 8 Advertisements
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  • THE WORLD
    • 424 9 Yeltsin saviour or egotist? The toppling of Gorbachev Reuter MOSCOW Aug 19, 1991, will go down either as the day Boris Yeltsin saved the cause of reform in the Soviet Union or as the day of his downfall. When right-wing communists deposed President Mikhail Gorbachev and denounced his policies, the
      Reuter  -  424 words
    • 363 9 Reuter MOSCOW A Soviet military hardliner said yesterday that the armed forces faced the danger of a split but he was convinced the majority would side with the country's new hardline rulers. Colonel Viktor Alksnis, a parliamentary deputy and fierce opponent
      Reuter  -  363 words
    • 554 9 NYT ITHACA, New York The feared Communist Party of the Soviet Union is finished. To be sure, it won't disappear overnight. And there is a terrifying possibility that it may claim thousands perhaps hundreds of thousands of new victims before it finally
      NYT  -  554 words
    • 527 9 IHT LONDON Mikhail Gorbachev will be remembered in East Asia as the man who consolidated detente between the Soviet Union and China, normalised Soviet relations with South Korea, pushed North Korea to be more reasonable, and nudged Vietnam towards reform
      IHT  -  527 words
    • 711 9 Commentary NYT VIKTOR KOMPLEKTOV, f the Soviet ambassador to i Washington, slipped into the i White House on Monday with a personal message for US President Bush from Gennadi Yanayev, the figure- head Soviet coupster. The message revealed the coupsters' devilishly clever strategy:
      NYT  -  711 words
  • Page 9 Advertisements
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  • 467 10 EDITORIAL AMERICANS LIKE to believe, with justified pride, that they level the playing field. At the heart of America's governing philosophy is belief in free competition. Its legislative framework (ranging from epochal laws that prohibit the state from restricting individual rights to anti-monopoly legislations like stringent
    467 words
  • WHAT THE OTHERS SAY
    • 174 10 THE DRAMATIC increase in the number of people seeking refuge in Western Europe has set alarm bells ringing. Stumped at finding a solution, some governments have promised economic aid to refu-gee-exporting countries in return for tighter controls on emigration. This may help stem the outflow of
      174 words
    • 148 10 IRAN HAS TAKEN a pragmatic approach in seeking a better relationship with the West. By helping to push for the release of Western hostages, Teheran has helped brighten the prospects for peace in the Middle East. Although bruised by the long Iran-Iraq war followed by the Gulf War,
      148 words
    • 208 10 AS SOON AS news broke that Mikhail Gorbachev had been ousted, the Soviet military responded by pledging allegiance to the new government. This seems to show that the military played an extremely important role in the coup. If the situation was indeed so, then perhaps we cannot
      208 words
  • REGIONAL VIEWPOINTS
    • 170 10 WESTERN COUNTRIES have expressed bitter resentment of the coup d'etat by Soviet conservatives who kicked President Mikhail Gorbachev out of power. US President George Bush denounced the coup as an act that flouted Soviet laws and the will of the people, and said the US would
      170 words
    • 132 10 THE DOWNFALL of Gorbachev poignantly testifies that no leader in the Soviet Union, no matter how determined to hold on to power, is immune to the ruthless twist of fortune in the Kremlin power game. The personal appeal of the popular Soviet President had remained strong since
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    • 215 10 EVEN WITHOUT the benefit of hindsight, one could say that the ouster of Mikhail Gorbachev as President of the Soviet Union was practically inevitable after he practically begged to be invited to the meeting of G-7 in London and appeared there with hat in hand, expecting massive
      215 words
  • 835 10  -  The Australian government, in its 1991/92 Budget, announced a national superannuation scheme. Our Sydney Correspondent Florence Chong sums up the reaction of the business community. Florence Chong CORPORATE Australia is threatening legal action to Tight higher imposts for a national superannuation scheme announced in
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  • Page 10 Advertisements
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  • Page 10 Miscellaneous

  • ANALYSIS
    • 853 11  -  Recently, the Singapore Government bought into New Zealand-based Brierley, which holds about 25 per cent in a major forestry concern. Schutz Lee, who was on assignment in New Zealand recently, examines its forestry husbandry Schutz Lee Land-scarce Singapore is not about to miss the
      Source: Forestry Statistics Section, Ministry of Forestry  -  853 words
    • 256 11 FROM AN initial planting of 800 radbrta pine seedlings per hectare, New Zealaad tree farmers will harvest only about 250 trees per hectare at the end of the 25-30-year cycle. A wastage of precious resources? On the contrary. Thinning brings out the best in the plantation of
      256 words
    • 750 11  -  The President of the Federated States of Micronesia says his country's economy has been stagnant for 35 years. Michael Field sees the evidence of years of neglect by the US administration Michael Field AFP Thirty-five years of us administrative neglect have left
      AFP  -  750 words
  • Page 11 Advertisements
    • 95 11 r RIVER PALACE Ml ||J 1 Sichuan in Style! Enjoy authentic Sichuan food in plush new surroundings. Choose between Set Lunches, Dinners or A La Carte selection featuring our chef's new specialities get a taste of: a) camphor tea smoked duck wrapped with yam b) fried beef brisket with spicy
      95 words

  • FOCUS
    • 1265 12  -  The fortunes of Singer have turned around, and the Semi-Tech (Global) unit has been re-listed on the New York Stock Exchange. James Ting, president and chief executive of Semi-Tech, tells Simon Davies about the company's success and future plans Simon Davies Sunday Morning Post JAMES TING,
      Sunday Morning Post  -  1,265 words
  • Page 12 Advertisements

  • ADVERTISING AND MARKETING
    • 691 13  -  Dawn Tan looks at how banks woo depositors with expensive gifts Dawn Tan Set against the backdrop of a tropical paradise, sundrenched silhouettes recline on the deck of a luxury cruiser. And it can all be yours if you win OCBC Bank's latest lucky draw.
      691 words
    • 184 13 MORE THAN half of Singapore's population above four years old watched the National Day celebrations on television, a Survey Research Singapore study shows. This is the largest television audience for a National Day Parade since 1988. About 70 per cent of this audience watched the parade on SBC
      184 words
    • 502 13  -  By Sylvia Wong SUPER salesmen are not born, they are trained, says Peter Lim, a consultant with his own marketing firm. All they need is the secret recipe for success. With this conviction in mind, he has put his secrets down in 312 pages
      502 words
  • Page 13 Advertisements
    • 276 13 SELL YOUR WAY TO SUCCESS YOUR PERSONAL SALES TRAINING GUIDE tx»«<3 on m* poputa* Ai tianmg coun* -Sup« tMng You> Way to Succau" by >».», urn F«otunng »om« »occ#« Uow d young, ocdtnary carf«4 professionals wf*o hav« modt good Texas Instruments microLaser. Fast, flexible, powerful. Introducing the 16ppm microLaser XL.
      276 words
    • 241 13 WANTED URGENTLY AGENTS/DISTRIBUTORS FOR OPP FILMS WE ARE LEADING INDIAN MANUFACTURERS OF BIAXIALLY ORIENTED POLYPROPYLENE FILMS AND FINISHED LAMINATES. OUR TECHNOLOGY, PLANT, PRODUCT AN D CUSTOMER SERVICE ARE WORLD CLASS. WE SEEK DYNAMIC, RESULT-ORIENTED AGENTS OR DISTRIBUTORS TO HELP US EXPORT TO THE CONVERSIONS, PRINT LAMINATION AND PACKAGING TRADES IN
      241 words

  • SPORTS 1
    • 474 14 AP COMMACK, New York John McEnroe, the fourth seed, struggled to beat Gilad Bloom 6-4, 4-6, 6-1 in the first round of the rainplagued Norstar Bank Hamlet Challenge Cup on Tuesday. And top seed Stefan Edberg had an easy time with Chris Garner 6-1, 6-1.
      AP  -  474 words
    • 298 14 Reuter AUCKLAND New Zealand's All Blacks face a formidable task in redressing the balance when they meet Australia's Wallabies in the second Bledisloe Cup rugby union Test on Saturday. The match is crucial for both teams as they prepare for the
      Reuter  -  298 words
    • 331 14 Reuter WASHINGTON Second seed Arantxa Sanchez-Vica-rio of Spain and third seed Mary Joe Fernandez both posted easy straight set victories and then Fernandez spoke out on Monica Seles' withdrawal at the U*****,000 Virginia Slims of Washington on Tuesday. Sanchez-Vicario downed Regina Rajchrtova of Czechoslovakia 6-4 6-4
      Reuter  -  331 words
    • 521 15 Reuter TOKYO A "magic carpet" laid at Japan's national stadium has sparked hopes that athletes such as Leroy Burrell and Carl Lewis will shatter sprint and jump records at the World Athletics Championships. Several national sprint records have already fallen this season
      Reuter  -  521 words
    • 597 15 Reuter SYDNEY Ask Sydney lawyer Rod McGeoch any trivia question on the Olympic Games and he will almost certainly come up with the right answer. Ask him where the games are going to be held in the year 2000 and he'll say it's now
      Reuter  -  597 words
    • SIDE LINES
      • 154 15 LONDON English champions Arsenal, beaten only once in last season's entire League campaign, crashed 3-1 at Everton on Tuesday night as Mark Ward celebrated his home debut with a two-goal strike. It was the first time Arsenal had conceded three goals in a League game since
        154 words
      • 73 15 RIO DE JANEIRO Paulo Roberto Falcao, who coached Brazil to a second-place finish in the America Cup last month, was fired by the Brazilian Soccer Confederation on Tuesday. Soccer director Jorge Salgado said Falcao was fired because he opposed changes that Confederation officials wanted to make
        73 words
      • 105 15 TOKYO Said Aouita, Morocco's quadruple world record holder, has decided to concentrate on the 1,500 metres at the World Athletic Championships. Aouita, back after a calf muscle operation, believes he can beat Algeria's outstanding prospect Noureddine Morcelli. "People who say I am finished and
        105 words
      • 55 15 CHATTANOOGA, Tennessee Franklin Langham had fivfe birdies for a first-round 65 on Tuesday at the Cleveland Country Club, one of two courses being used for the tournament's first two rounds. Mark Telerico and Hans Albertssail had the best rounds on the other course, shooting 2-under-par 70s at
        55 words
      • 92 15 TOKYO The chairman of the International Amateur Athletic Federation (lAAF) medical commission, Sweden's Arne Ljungqvist, yesterday defended the federation's decision to return to physical sex tests. "I think it's a very bold step forward for the sport," Ljungqvist said. The lAAF has reintroduced physical examinations because they
        92 words
      • 61 15 TOKYO The International Amateur Athletics Congress yesterday voted to stage world championships every second year starting in 1993. With only one candidate for 1993, the German city of Stuttgart, and one for 1995, Goteborg in Sweden, there was no doubt who would get the championships when the
        61 words
  • Page 14 Advertisements
    • 67 14 Savomr a true dining experience at CasaManca H i rrrnr^^Hy I I I** Good food, excellent service and the finest selection of wines from all over the world; at sensible prices. At Casablanca, we take pleasure in offering our customers a truly remarkable dining experience. CASAB-LANCA WINE BAR A RESTAURANT
      67 words
    • 70 14 r^®^^®^* l i |Mt~' JSUIVTv- Y S» > «<>».--' rL'W* i& *+4**- -l _.i j tl 4~: *fcfr,XT„''t '-irfc-^—l,, gyj iM I KZjH I jifl Wfr— jjp jj I I fcr I I I s mm I hhhh ji »gi j| 1 I from Johnnie Walker I 4 i For
      70 words

  • Page 15 Advertisements
    • 46 15 w -x ■< >. V*. iy£> i y. .^t"-v;' %> •>* k v sl&i. H 1 I B ytlrTWB PB E MIE RHi l! prem :kr fMnipj 1| j l|| k\RF OLD SCOR H UHiSK"! f| 1 from- lohnnie Walker j f For the man who makes his own rates.
      46 words

  • Page 16 Advertisements
    • 1090 16 r J' WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE Dessert on the House Any item you order from our a ta carte menu (beverages and desserts excluded) entitles you to complimentary local and Nonya desserts from 6.00pm to 10.00pm daily. It
      1,090 words
  • Page 16 Miscellaneous
    • 713 16 TELEVISION AND RADIO /H 1 C. _1 SETi Hi SP7SZ****- *2 Sbusiness on 1 I ri v .<< »-00 Tnpw Tareat 5.00 Spoco Cop Sanaa. SPOOIS 7.M AM CNN hltenutkNial (L). ?3 US i2S^ Car,oon> MC,»9-Hz, VHF^d« 8.00 Clot*. 8.00 Aatazfcg Storks Mummy g.oo Regional Mows (M). 7.10 am, 9.25
      713 words

  • LIFESTYLE
    • 721 17  - Taking over the US finally Banned from the US for his politics and friendships, celebrated Colombian author Gabriel Garcia Marquez now takes his gleeful revenge. Roger Cohen reports Roger Cohen NYT FOR Gabriel Garcia Marquez, there are many signs of the gradual Latin American infiltration of the US. Spanish is
      NYT  -  721 words
    • 575 17 CHATTERBOX SINGER Andy Williams is the latest star to open a theatre in the south-west Missouri town of Branson. Williams was to break ground for his new 2,000-seat theatre today in a brief ceremony, said his spokesman Paul Shefrin. The 60-year-old singer
      575 words
  • Page 17 Advertisements
    • 275 17 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, Bearaaise or Black Pepper Sauce. A Stealing 5-course set menu
      275 words
    • 42 17 after a hard %^^^-S" i '-tar 1 v; ffMljv! f*L n££ —We arc at r —LI 24 Dux ton Hill I f <X Spore 0208 f cp« V TO: *****78 is 1 I V P"**""" oren 4pm MiDraofrr SAT, SUTI PUD 3pm-I2mn
      42 words
    • 268 17 OFFICIAIOFWINGOMHE CEN L J HAL EXPRESSWAY TUNNEL A historic event like this will naturally generate a lot of public interest. And Singapore's two main dailies The Straits Times and lianhe Zaobao will see to it that readers get to know all there is to know about the new CTE. The
      268 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 924 18  -  By Kooi Cho Teng MOST BOURSES worldwide experienced large swings in market sentiment yesterday as investors remained sensitive to news and rumours of developments in the Soviet Union. In Asian trading, Tokyo and Hongkong rose in nervous trading. In Singapore, stocks opened
      924 words
    • 4036 18 MAIN BOARD Gr's Gr's 1991 Tel Last Vol Day Last Quote Div Div YTd Net M Cap High Low Code Company Sale +orCOOO) High Low Buyer Seller CVr P/E Smil INDUSTRIAL COMMERCIAL 285 162 1000 Acma 194 -14 160 204 192 193 194 10.0N 1.5 5.2 12.8 118.9 255 200
      4,036 words

  • 4027 19 Main Board DBS Foreign 1240 40 f 3.3% SIA Foreign 1870 +40 +2.2% Keppd Corpn 690 20 3.0% OUT 235 +19 +8.8% Jurong Ship SO* 880 +15 +1.7% SPH 830 +15 +1.8% BAT 21c 360 +14 +4.0% Asia Pacific 1050 +10 +1.0% OCBC Foreign 995
    4,027 words

  • BT SHARE INFORMATION SERVICE
    • 263 20 Clip My Date Ymt 6rw» Ntt Met Mmkgs Gross mm to prtftt/toM (L) per Ui" dividend COM) (CMto) Sports Toto Aug 20 Apr 91 MJ57.37I($45,999) 9.4(8.6) 9 5(30a) City Dew Aug 19 Dec 90 $43.980($36,515) 9.5(7.9) 15(15) PSC Aug 16 Dec 90 12.319(12,503) 2.6(4.2) 6(2 5) QAF Ltd
      263 words
    • 143 20 Umm Date Yaar Croap pra-tax IW unitap 8m» in to prafit/laas (L) par sitar* dMdaad ('000) (eaats) Robinson Aug 19 Jun 91 520,935(514.714) 30.2(21.7) 15(12) Imatex Aug 16 Mar 91 MJ6.206L(J5.424L) Leone Huat Aug 16 Dec 9C J27L($239L) DBS Land Aug 14 Dec 90 530,752(535.943) 4.8(6.1) 4(4) KLIndustnes
      143 words
    • 403 20 CcMpMy Data Half* Mr Group pretax tatortai mm to pr«flt/lo»» (L) dMdwd ('000) s InterRoJIer Aug 17 jun 91 $1,407(11.612) PM Htdgs Aug 17 Jun 91 $3.673($2,427) 2.5(2.5) Tat Lee Bank Aug 17 Jun 91 $14,084g($11.961g) Tat Lee Finance Aug 17 Jun 91 $1,595(1,776) H Negara Aug 16
      403 words
    • 687 20 Aim 20 Consoidated Plantations Bhd has entered into a sale and purchase agreement with Kemayan Oil Palm to acquire 12,000 ha of land for Ms27m (Ssl7m) cash in Sabah. International Maritime Carriers (NC) has, through two Singapore-based subsidiaries, concluded deals to build two bulk carriers costing almost HKJ226.5m
      687 words
    • 712 20 COTMt Ex Bocks Ma Total hr Total tor payment data daaa payaMo tka yoar last yaar Mn Hdgs 50c 6%(b) Sep 4 Sep 16 Sep 30 6% 6* Am Pk U 50c 2%(b) Jul 18 Aug 1 Aug 30 2% A vino 20c 5%TE(I) Oct 14 Oct 24
      712 words
    • 554 20 Main Board Last FmN Year Company Ptnod Oat* Year Net EPS Gran IM —■ad endnf (cants) d* profc last fear (SUM) Cerebos Intenm Apr 27 Jul 91 12.6 20.0TE(a) 38.911 Spore Laid Interim May 4 Dec 91 12.6 10 0 44.641(c) Tont Mtnc Interim Aug 2 Dec 91
      554 words
    • 962 20 Mm as at 21.08.91 Cwwnlw terms Premium/ Expiry r~~I (discount) Amount Optional** using Inn fid Company (mil Wrts Share Loan Com Exer Lnstk Cask Cash. Loan Gearing, Data Mths units) stock ratio price nom Stk Loft vflNM Bur will 115.2 0.180 0.650 1 00 1 00
      962 words
    • 259 20 Company Right* hai* Man One-tor tour M52 00 per share Ex-date Jul 16 Books dose Jul 30 Acceptance I Payment Sep 10 ttb Hyd Four tor five MSO 65 per share Ei-date U 25 Books dose; Aug 8 taeptance t Payment: Sep 17 Nat Kap One-tor-two SO 80
      259 words
    • 541 20 Company Rights Issue km Pac Land Onfrter-hw WM5 per start <ha Tadi One-tor-one 11.00 per than Baton Issue of S90 978m nomnal amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/% with 45 489m detachable warrants on the bass of 52 normal arnxnt of Bonds tor every exsbng shares
      541 words
    • 740 20 BONDS, LOANS WARRANTS BwwIlN Betore 30/6/94 1 wmat plus HK$1.00 cask CAC Nl Before 26/4/93 1 warrat pka $109 cash C— lai) Low t C-wi) III 2/10/89 to 20/10/94 1 warrant pka JO 77 ca* or f warrant pka $0 77 nominal amount of loin stock Omr *<> ftotn IT
      740 words
    • 380 20 Ganda takfcgs Bhd: 22nd AGM at 10th Floor. Wisma Central, Jalan Ampang, ***** Kuala Lumpur, Malaysia on Thursday, Aug 22, at 10am. HIP takings Ltd: AGM EGM at Mandarin Hotel, Room 835, Bth Floor, South Wing, 333 Orchard Road, Singapore 0923 on Friday, Aug 23, at 10am. CX
      380 words
    • 146 20 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 N* 1333.08 (3/6/91) J* J*** ,££2!! 1991 Imt 1022 52 (16/1/91) 1891 *****8 (16/1/91) 1990 1435:43 (ie/J/S) jfi-g 1990 Imt 981.07 (09/11/90) {J* J* 81/52! 1989 N0c 1322.00 (28/12/89) Jg Jf g-g (2 J'® 1989 tor 917.42 (4/1/89) »}JW» S/l/2
      146 words
  • Page 20 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 4225 21 Bernama SHARE PRICES in Kuala Lumpur closed lower yesterday on continued concern over the situation in the Soviet Union but falls were limited as sentiment improved in the afternoon following gains in overseas markets. The KLSE Composite Index slipped 0.15 of a point
      Bernama  -  4,225 words
  • Page 21 Advertisements
    • 135 21 A SINGAPORE BUSINESS SPONSORSHIP —A|/VVV{VThe Biggest Microcomputer Event in S.E. Asia August 22-25 11 am 7pm Halls 4 5 World Trade Centre SINGAPORE BUSINESS is pleased to endorse the microcomputer event of the year! The leaders in the IT industry will be there: HP, Epson, IBM, Toshiba, Sharp and more.
      135 words

  • TOKYO STOCK EXCHANGE
    • 2231 22 Reuter TOKYO STOCKS ended up but off highs yesterday. With no fresh bad news coming out of Moscow and no heavy sellers, bargain-hunting lifted prices. But the market slipped sharply from afternoon highs reached on talk of easier credit, and underlying sentiment
      Reuter  -  2,231 words
  • STOCK EXCHANGE OF HONGKONG
    • 1870 22 Reuter THE PROPERTY SECTOR led share prices to recoup losses from a sharp, early morning drop yesterday and ended firmer from Tuesday s close, brokers said. "People who sold out earlier are pushing the market back up, but sentiment is still very, very
      Reuter  -  1,870 words
  • Page 22 Advertisements

  • REGIONAL STOCK MARKETS
    • Confidence returning to Aussie market
      • 793 23 THE Australian share market closed higher in thin trade yesterday, after bargain hunters re-entered the market in search of cheap buys. Brokers said investor confidence is slowly returning after Monday's 4.1 per cent freefall sparked by the ousting of Soviet leader Mikhail Gorbachev. "It was sold down in early
        793 words
      • 472 23 SHARE PRICES in Manila firmed slightly yesterday as international stock markets recovered from a dramatic fall following the ouster of Soviet leader Mikhail Gorbachev. The Manila Stock Exchange Composite Index inched up 3.71 points to close at 922.02. "Yesterday there was emotional selling. We recovered our footing today," said
        472 words
      • 637 23 SHARES SLUMPED further in the Jakarta exchange on Tuesday (yesterday's report was not available), with foreigners trying to unload stocks after the ouster of Soviet President Mikhail Gorbachev, brokers said. The market index fell 5.6 points to 316 in a traded volume of 3.5 million shares. Indocement dropped by
        637 words
      • 768 23 SHARE PRICES in Bangkok rose sharply across the board in active trade yesterday after heavy losses in two previous days, brokers said. "We haven't been this busy for quite long," a broker at Ekachart Finance and Securities Co said. "Investors believed share prices had gone down too far." The
        768 words
      • 800 23 SEOUL SHARES ended slightly higher yesterday after spiking suddenly in afternoon trade on a short-lived rumour that the Soviet coup had collapsed, brokers said. "Rumours that the Soviet coup d'etat had failed and a rise in the Tokyo market boosted buying, but individual and institutional selling pulled the index
        800 words
      • 468 23 PROFIT-TAKING and renewed con- cerns about the Soviet crisis pulled Taiwan share prices lower yesterday after sharp gains in early trade, brokers said. The weighted index, which was more than 180 points higher at mid-morning, closed 16.91 points down at a six-month low of 4,393.18. Turnover was an active
        468 words
      • 264 23 SHARE PRICES inched slightly higher in thin and featureless trade in New Zealand yesterday, as investors were sidelined by uncertainty over conflict in the Soviet Union. "It was dead dull this morning and the tone firmed up a little in the afternoon to close on a stable note,"
        264 words
      • 82 23 SHARE PRICES in Bombay fell on profit-taking on Tuesday (yesterday's report was not available) sparked by fears that a regional party might withdraw support to Prime Minister Narasimha Rao's minority government, triggering a political crisis, brokers said. The worldwide plunge of shares on Monday after Soviet leader Mikhail Gorbachev
        82 words
      • 389 23 Close Previous Aug 21 AUSTRALIA All Ordinaries Index 1,536.2 1,523.1 +13.1 All Industrials Index 2,342.4 2,320.6 +21.8 All Resources Index 916.1 909.6 +6.5 Turnover (million) 63.2 93.2 -30 BANGKOK SET Index 650.92 622.81 +28.11 Turnover (billion baht) 4.35 3.82 +0.53 JAKARTA Composite Index unav 316 Composite Index 922.02 918.31 +3.71
        389 words
  • Page 23 Advertisements
    • 26 23 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
      26 words

  • WORLD STOCK MARKETS
    • Markets regain some of Monday's losses
      • 348 24 Aug 20 Close Prrrtous NEW YORK Dow Jones 2,913.69 2,898.03 +15.66 SAP 400 Midcap 126.83 126.34 +0.49 SAP 500 379.43 376.47 +2.96 Turnover (million) 184.26 230.35 -46.09 LONDON Financial Timet 30 1,987.9 1,975.9 +12 FTSE 100 2,554.5 2,540.5 +14.0 Turnover (million) 432.3 599.8 -167.5 FRANKFURT DAX Index 1,526.93 1.497.93 +29
        348 words
      • Article, Illustration
        1304 24 STOCK PRICES on Tuesday regained part of the ground lost in Monday's slide, with many traders apparently believing that the Soviet crisis would have a limited impact on the American economy. Still, reports of tension in Moscow took some steam out of a strong early rally. The Dow
        1,304 words
      • Article, Illustration
        644 24 UK SHARES closed firmer in a nervous market on Tuesday waiting for events to unfold in the Soviet Union. The FTSE 100 closed 14.0 points higher at 2554.5, holding steady in a tight trading range after earlier wiping out around a third of Monday's 80.5 point or 3.1 per
        644 words
      • 272 24 GERMAN SHARES ended a moderate volume session on Tuesday 1.9 per cent higher, making a sizeable nick in Monday's 9.4 per cent loss, but still leaving the market well below pre-weekend levels. The 30-share DAX index ended 29 points higher at 1,526.93 after plunging 155.40 points to 1,497.93 on
        272 words
      • 295 24 DUTCH SHARES staged a partial re- covery on Tuesday in another session driven by news of the Soviet crisis. Trade was somewhat calmer after Monday's hectic 5-per cent fall, but the market was still devouring news and rumours about events in the Soviet Union after Monday's coup, dealers said.
        295 words
      • 281 24 BLUE CHIPS ended 2.25 per cent higher on the Paris bourse on Tuesday in a technical rebound from Monday's plunge, but traders said investors remain traumatised by Mikhail Gorbachev's ouster and hesitant to take large positions. The CAC-40 index ended 38.03 points, or 2.25 per cent, higher at 1,725.57
        281 words
      • 278 24 SWISS SHARES ended an active session on Tuesday more than 2 per cent higher as investors' confidence grew again in the absence of bad news from the Soviet Union. Wall Street's firm opening also helped sentiment. Dealers said volume was high although probably less than Monday's 1.2 billion Swiss
        278 words
      • 163 24 BELGIAN SHARES closed higher on Tuesday in a technical reaction to Monday's 6 per cent drop after the removal of Soviet President Mikhail Gorbachev by Communist hardliners. The Bel 20 index of leading shares recovered 28.09 points, or 2.62 per cent, to 1101.99. Trading was slower than Monday but
        163 words
      • 377 24 LEADING SHARES held on to most of the early gains at the close on Tuesday, having recouped almost half of the sharp losses suffered during Monday's panic selling in what was described as a mainly technical correction. But gold shares eased on falling world bullion prices amid heavy liquidation
        377 words
      • 299 24 TORONTO STOCKS turned higher in late trade on Tuesday to end flat after a Soviet general said his troops were not preparing to storm Moscow buildings. Stocks tumbled at midday when Gorbachev supporters began evacuating women from the Russian Parliament in expectation of an attack. Traders said the market
        299 words
  • Page 24 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1153 25 REPORTS Tokyo: The US dollar firmed in active, jittery Asian trade yesterday on early European demand, Hongkong dealers said. Some players appeared to want to push the dollar back up to 1.80 marks, even though the market was technically long on
      1,153 words
    • 389 25 Cross rates Aug 21 USS SS MS Dm Yen SFr AS NZS USS 1.7390 2.7895 1.8095 137.75 0.6112 1.5515 1.2771 1.7376 SS 0.5750 1.6041 1.0405 0.7921 0.3515 0.8922 0.7344 0.9992 MS 0.3585 62.34 0.6487 0.4938 0.2191 0.5562 0.4578 0.6229 Dm 0.5526 0.9610 1.5416 76.13 0.3378 0.8574 0.7058
      389 words
    • 528 25 Interbank rates S$ Bid Offer Overnight 4 3/8 4 1/2 1-month 4 IS/16 S 1/16 2-month 5 5 1/8 3-month 5 5 1/8 Overnight mode: 4-3/4 US$ Bid Offer 7 days 5 9/16 5 11/16 1 month 5 9/16 5 11/16 2 months 5 5/8 5 3/4 3
      528 words
    • 392 25 The toppling of Gorbachev Reuter TOKYO The Japanese yen may have little to fear from turmoil in the Soviet Union despite the fact that it lacks the US dollar's traditional reputation as a "safehaven" currency. Japan's relative isolation from Europe and the nation's
      Reuter  -  392 words
    • 295 25 Reuter NEW YORK Chartists recommend looking for buy signals in dollar/mark despite the size of Monday's rally, and for sell signals in the September mark futures contract. "I'm looking for more downward pressure and a lower close on the mark," said Pat Cifaldi, an
      Reuter  -  295 words
    • 1118 25 SIMEX EURODOLLAR Open High Low Sett Est Vol Op/lnt Vol Sep 91 94.40 94.42 94.36 94.36 2500 ***** 2045 Dec 91 94.14 94.16 94.07 94.10 ***** ***** ***** 94.15 Mar 92 94.17 94.17 94.10 94.13 5015 ***** 3098 Jun 92 93.80 93.80 93.75 93.77 1310 3223 1256 Sep
      1,118 words
  • Page 25 Advertisements

  • COMMODITIES
    • 350 26 The toppling of Gorbachev Reuter JOHANNESBURG The ousting of Mikhail Gorbachev by Soviet hardliners may increase pressure on Moscow to accelerate sales of gold and other precious metals and so raise much needed foreign exchange, South African analysts said. But it
      Reuter  -  350 words
    • 274 26 Reuter TORONTO Nickel prices on the London Metal Exchange are expected to climb these few days because of uncertainty over shipments from the Soviet Union and the possibility of a strike at Falconbridge Ltd, the Western world's second largest nickel producer, analysts
      Reuter  -  274 words
    • 842 26 REPORTS THE PRICE of tin edged up six sen to close at M$ 15.22 per kg on the Kuala Lumpur Tin Market yesterday on short-covering activity. Dealers said the market was firmer following the higher close for the metal on the London Metal Exchange
      842 words
  • 1349 26 Rubber Aug 21 W»>liMiD S centi/ln Noon Close lnt 1 RSS Prompt 138.00/139.00N 138.00/139.00N Int 1 RSS Sep 91 138.00/138.50 138.00/138.50 lnt 1 RSS Oct 140.2VI40.7S I40.2V140.7S Int 2 RSS OP 138.00/140.OON 138.00/140.00N Int 3 RSS OP I37.5Q/139.50N 137.50/139.50N Int 4 RSS OP 132.50/134.50N 132.50/134.50N Int 5 RSS OP
    1,349 words
  • Page 26 Advertisements
    • 626 26 BUSINESS TIMES TELEPHONB: 730-5771/3772/5773 PAX; 734-49»2 JURONG ENGINEERING LTD (tacorpmM in ft* tapuMc <* Smppoe) LOST SHANE CBTTIFICATE Apptcaton Kaa b**n mad* to Dwacton of ttw abowsnamad company MMMdueietMthiNewtkcMiiii ptmrfttototo^tteraewiitcai* wtaefi h—b—« uportad too or N*.«fahaf» (HBt »0 caata aacfc OMIIIB Tham M*ng Laong Patar *****0 NOTICC It HiIMY OJVIN
      626 words
    • 6 26 Innovation Technology ii BT ever) Tuesday
      6 words

  • 1166 27 City Flight ETA Flight no Ma Mutt GA887 1245 GA894 2255 GA975 1300 MaiaMa QF081 1820 SQ228 1905 AMMM SQ23 0700 KL834 2240 KL833 0910 GA894 2340 GA975 1300 SQ26 2200 Auckland BA11 1225 SQ325 2115 Bahraia GF148 1000 l«lll»>Hll GA525 1755 910 1410 RA408 0825
    1,166 words
  • THE TRAVEL PAGE
    • 506 27  -  POSTCARD FROM PARIS By Francois Kaitberger ANEW type of visitor is descending on Paris this summer the Eastern European holiday-maker on a shoe-string budget. Sweating under towering backpacks, or crammed in coaches and brave small cars, Poles, Czechoslovaks and Hungarians mingle with wealthier Westerners on the
      506 words
    • 152 27 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3490 1.3605 Canadian dollar 1.5066 1.5294 NZ dollar 0.9838 0.9987 Sterling pound 2.8445 2.8688 US dollar 1.7275 1.7315 IxKal dollars to 100 units of foreign currency Austrian schilling 13.59 13.80
      152 words
    • 89 27 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Aug 20-31 Izmir Turkey Izmir Fair *****150 Aug 24-27 International Germany Oftenbacher ********** International Organisation Leather Goods MessegesellschFair Fair aft GmbH Aug 21 A Building Hilton Inter- The Institute *****21 Aug 26-30 National Buenos Aires Camaras de
      89 words
  • Page 27 Advertisements
    • 42 27 Vaasa matter? Don't you know that Finnair flies to 16 countries in Europe? With a superb twice-weekly service from Singapore to Helsinki and then on to everywhere from Vaasa to Vienna. Call *****77 for details. We know Kurope from start to Finnish.
      42 words
    • 293 27 I THE 1 BIGGEST MICROCOMPUTER EVENT IN S.E. ASIA i BMMMEIBSSSSCS-SS-3!E^——J Halls 4 5, World Trade Centre It's the biggest and best exhibition of its kind a must for all And of special interest, there'll be a 2-day conference (23rd computer professionals (as well as interested this event 24th August),
      293 words
  • Page 27 Miscellaneous
    • 196 27 1 Players abide by hh tie on the ground (5-4) 8 Part of town for noodle Beryl, for example jMg LmJ 16 Everybody in to view a flat j |B|| 111! 17 Children's outfitter might _JIL_JV-—-have sold one for a tanner "'8 I |T9 I j here France, gets time
      196 words
    • 214 27 Singapore Outlook: Showers over a few areas in the late morning and early afternoon. Report: Maximum temperature 33.3"C Assoc humidity 57% Minimum temperature 25.9 Assoc humidity 88% Hours of sunshine 7.20 Rainfall in mm Nil Rainfall this month 84.7 Rainy days this month 6 World report Asia-Pacific Hi/Lo* Cond. Auckland
      214 words
    • 25 27 Scene Sd to Vge^TSfJ and 13d. HOIS I THP>T p00g".... J NIT(SFbOKV.... sou.-/ I F£Eu")Aic>Cf UHPCT OF LUCKY e evening standard co. ltd.. im-mi &clo^»
      25 words

  • 321 28  -  Gorbachev's ouster fails to discourage investors By Dexter Lee SINGAPORE Despite the Soviet crisis, which sparked off panic selling in the world's stock exchanges on Monday, Singapore investors have given the thumbs-up to Sesdaq candidate Stamford Tyres Corporation. The international tyre distributor's $8.4 million
    321 words
  • 515 28  -  By Selva Kumar SINGAPORE Desperate bids by distributors have sent vehicle quota premiums for September Certificates of Entitlement rising in all but one of the eight categories. The latest COE prices have also reached record levels in the medium, big and luxury cars
    515 words
  • 270 28  -  By Rahita Elias SINGAPORE Changi Airport's passenger traffic hit a record of 1.46 million in June up 11.3 per cent over the same month last year. The strong increase is in stark contrast to the falling traffic volumes seen earlier this year. The
    270 words
  • 128 28 Reuter TOKYO Japan's Ministry of Finance (MOF) plans to provide a list of specific deals in which brokerage houses compensated clients for investment losses, a senior ministry official said yesterday. Nobuhiko Matsuno, direc-tor-general of the ministry's securities bureau, told parliament the MOF list
    Reuter  -  128 words
  • 335 28  -  By Lilian Ang SINGAPORE Conglomerate Sembawang, in a major move to build up its heavy engineering operations in the marine and oil industries, will work with an Indonesian business group under a memorandum of understanding to bfe signed today. The Indonesian party
    335 words
  • 321 28  -  By Carolyn Lim TAXATION of goods and equity ownership of ventures in Batam dominated discussions during an investment mission by members of the Singapore Manufacturers' Association to the Indonesian island yesterday. Indonesian officials from the Batam Industrial Development Authority (BIDA) explained
    321 words
  • 527 28  -  The Bottom Line CHRISTOPHER FOSSICK CHRISTOPHER FOSSICK The writer is director, special project marketing. Richard Ellis EVER SINCE the Singapore authorities mooted the concept of a financial park over a year ago, the banking community, developers and owners of commercial buildings have been eagerly
    527 words
  • 327 28 Reuter JAKARTA Oil companies, mostly foreign, will spend nearly US$2.3 billion (Ss4 billion) in exploration in Indonesia this year, a US embassy report said yesterday. The figure is 80 per cent above last year's budgeted exploration. "Indonesia is experiencing a wave of
    Reuter  -  327 words
  • 297 28 Bernama SHAH ALAM, Selangor The Selangor government yesterday approved the setting up of a MS 1.1 billion (Ss6B2 million) marine industry park which will make Malaysia the leading centre for ship-building, repair and breaking operations in Asia. Menteri Besar Tan Sri Muhammad Haji Muhammad
    Bernama  -  297 words
  • 561 28 Thriving finance sector in S'pore spurs demand but glut expected next year Reuter SINGAPORE Developers of office space can expect another profitable year in the booming economies of Asia in 1991, but the biggest bonanza will be in Asean. property analysts say. Analysts say
    Reuter  -  561 words
  • Page 28 Advertisements

  • Shipping Times
    • 398 29 The toppling of Gorbachev Reuter LONDON Shipowners involved in Soviet Union business were wary of entering into new charter contracts with Soviet partners, shipping sources said on Tuesday. Lack of information about conditions in the Soviet ports was the dominant feature the day
      Reuter  -  398 words
    • 266 29 Reuter LONDON The world order book for new ships rose in the second quarter of 1991, Lloyd's Register said yesterday. This was after sharp falls in the fourth quarter of 1990 which continued in the first quarter of 1991 after a fouryear upward trend. Ships
      Reuter  -  266 words
    • 336 29 NYT TOKYO Consumers living in the Tokyo area showed the highest degree of satisfaction with cars among products and services offered by a total of 17 industries and civil service offices, according to a survey by the Japan Management Association. "It's only
      NYT  -  336 words
    • 274 29 NYT NEW YORK The airline industry is cutting its lowest discount fares more widely, deeply and earlier than it normally does at the end of the summer, a time when travel usually falls off and the industry puts in some lower fares to attract
      NYT  -  274 words
    • 894 29 Page Col ABC Containerline 12 1 Accord Group 8 1-3 APL 5 3-5 APC 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 8 5 The Bank Line
      894 words
    • 499 29  -  By Magdalene Phang SINGAPORE Newly designed metal crates may prove the answer to reducing contamination of natural rubber during shipments, says Good pack Systems, the developer of this new packing format. The crates were invented to replace the wooden crates and pallets long
      499 words
    • NEWS
      • 53 29 MR LEE lacocca, chairman of car manufacturer Chrysler, has a well-deserved reputation as one of America's most consummate sales executives. This autumn he will need to muster all his persuasive skills to encourage US and international investors to buy a large tranche of new Chrysler
        53 words
      • 30 29 THE Portuguese government has chosen Telecel, a US-back-ed consortium, for the licence to operate a private mobile telephone network in Portugal Back Page
        30 words
      • 50 29 MAZDA has found a name for its new luxury-car division, in a Latin text. After much speculation, Mazda Motor of America said on Tuesday that it had chosen "Amati" to rival Honda's Acura, Nissan's Infiniti and Toyota's Lexus Back Page
        50 words
      • 52 29 KLM Royal Dutch Airlines said it reached an agreement in principle to sell 49 per cent of its KLM Helikopters BV helicopter subsidiary to Rowan Companies Inc of the US and sought cooperation with Rowan. No financial details of the transaction were available
        52 words
    • 618 30 DRY cargo freight rates on Tuesday were slightly lower amid generally weaker sentiment, brokers said. This followed news that most Western credit lines to the crisisstruck Soviet Union had been suspended, brokers said. The Baltic Freight Index shed six points to 1,520 and all Panamax routes were affected,
      618 words
    • LOG BOOK
      • 82 30 BREMEN, Germany German shipbuilder Bremer Vulkan AG will take a 74.9 per cent stake in Krupp Atlas Elektronik GmbH, a unit of Fried Krupp GmbH, Klaus Wedemeier, mayor of Bremen, said on Tuesday. In exchange, Krupp would get a 19.12 per cent
        82 words
      • 83 30 LUANDA A wildcat strike by dockworkers has paralysed the port of Luanda since Monday, causing violent scenes and blocking access roads. No strike spokesmen were available for comment and no motive for the stoppage has been given. Hundreds of strikers picketed the port entrance, threatening
        83 words
      • 111 30 BERLIN Eastern Germany's Deutsche Waggonbau AG (DWA), the world's biggest maker of railway cars, said on Tuesday it expected to sign a 1.5 billion mark (S$ 1.43 billion) order with the Soviet Union this week. Financial Director Peter Witt said DWA hoped the deal
        111 words
      • 101 30 ST PAUL Northwest Airlines, a unit of NWA Inc, said on Monday it reduced fares by as much as 50 per cent for travel between the US and its five European destinations: London, Paris, Frankfurt, Amsterdam and Glasgow. It said the rates are available through Sep 18.
        101 words
      • 60 30 TALLINN, USSR Soviet soldiers yesterday attacked the TV broadcasting tower in Tallinn, the capital of the Estonian republic, and seized several floors. Radio and TV studios in the centre of Tallinn still were in the hands of Estonian authorities, and Prime Minister Edgar Savisaar made an
        60 words
      • 96 30 STOCKHOLM Swedish-American carmaker Saab Automobile AB unveiled a new five-door model in its 9000 series, the CS, which it hopes will help lift sales by 10 per cent next year. The model, which is to replace the existing 9000 hatchback, will be available in
        96 words
    • 1082 30  -  Chrysler chairman Lee lacocca is set to woo investors with a new USs4oom public offering. But Wall Street will need a lot of persuading to take it up, Martin Dickson reports Martin Dickson FT MR LEE lac o c c a chairman of car manufacturer
      FT  -  1,082 words
    • 839 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 arc indicated. The Cockett Bunker Price Index change and
      839 words
    • 11593 38 1 his 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. Advaneed dates are published for a
      11,593 words
    • 3309 43 mi Shpg Agencies Pie Ltd (SyManne Handling Sdn Bhd (PK/PN). Accord Groap: Accord Shpg Pte Ltd (SVAccord Contr Line (PK/PN). Adkris Business Corporation Philippine: Calsource Shpg Sl Trdg Pte Ltd (S) Ahrenkiei Liner Service: Kim Shpg Trdg (S). Alhatroa Sea-Air Service: Frata Shpg Pte Ud (S). Alfred C
      3,309 words
    • 246 43 Abaca Couriers Td: 545-8011. Fax: *****98. AkExfrenTnml Td: 533-5771. Fax: *****44. Airborne Freight Corporation Td: 542-8844. Fax: *****16, *****80. A lU f|, ~,-t mAiiswin Vr orwfwwc i ounc« Td: 278-0188. Fax: *****83. AJS liapplkj Td: 748-6322 (2 lines), 747-7421. Fax: *****75. CHy-Liak International Td: 344-3377. Fax: *****50. Clter
      246 words
    • 1514 43 A hex Express Freight Td: 542-7171. Fax: *****84. Actiafc Forwarder Td: 225-1833. Fax: *****42. Activak Simsore Td: 542-78?2 Fax: *****20. Aerotiok Freight lltnalio—l Td: 545-803lFax: *****05. Td/542-5911. Fax: *****18. Ak Cargo Nowo Express Tel 542-5454. Fax: *****06. Air Express lltraHo—l Td: 542-7666. Fax *****74, *****50. Air Market Express
      1,514 words
    • 410 44 Reuter Amman 15 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
      Reuter  -  410 words
    • 467 44 ARRIVALS Op FUgkt Type ETA T From TODAY KAL KE697 B747F 01 SO 1 SEL NCA KZ203 B747F 1930 1 NRT KAL KE685 A30F 2343 1 SEL/MNL TOMORROW JAL JL615 B747F 0240 1 TYO NWA NW901 B747F 1733 1 ORD/ANC/NRT SIA SQ821 B747F 1735 2 LON/DXB NCA
      467 words
    • 681 44 SHIP SALES TANKER RATES Reuter AFP VESSELS OK OFFER Mk ctrrtars Hemlock Qaeea: 23,991 dwt and built 1980. Sopfcie O 27,348 dwt and built 1978, on offer at USSB.S million. EmhU: 16,311 dwt and built 1968, on offer at USSI.B million basis "as is". Norman Mariner 26,204 dwt and built
      Reuter; AFP  -  681 words
    • 348 44 CRUISE FERRY SCHEDULES CRUISE SNIPS An Dtp Nut of Vcaoel ETA ETD Porta of Calls Port Agent MM 23 23 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 24 24 Cora Princess 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 27 27 Orient Sun 1000 1800 Sin-Jakarta-Sin Sembawang Johnson 28 28 Orient Sun 1000
      348 words
    • SHIPS IN PORT
      • 552 45 V«y Wo »rt <WmH Departure M Wy Hi B«tt Wwl P«>artm Marina Terminal 1 i, soman PJL910 21.08/1600 24 08/2359 Batam Maiu *****1 M04 alongside 2108/2300 Krarn 643V* P07 2108/1700 23 08/2359 03 tarn Sayang *****1 M04 alongside 22 08/0500 Myoma Ywa 136W P096 22.08/0600 24 08/2300
        552 words
      • 251 45 /ooore ron Berth: 1: nil; 2: Hong Fan; 3: Kota Benar; 4: Pichrt Samut; 5: Don Antonio Botelho; 6: Pernas Proton. 01 jetty: Contessa, Global Jupiter. DCJ: Soon Seng. Due on Aug 21: Subur, Ocean Elite, Geniki, Hpa An, Barge Josmdo Satu. Due on Aug 22: Tonegawa,
        251 words
      • 975 45 RECEIVING OF EXPORT Fa CONTAINERS AND LCL CARGO Rtcord Bwkiit/B*nai Wh Sty t WI No Etb/B> Pwiod From To From ACX Uy 14A 23/0900 1 21/1500 21/1659 21/1900 3 22/0700 22/1159 22/1400 4 22/1200 22/1459 22/1700 N fclrqab 57 23/1600 1 21/1500 21/1659 21/1900 2 21/1700 22/0659 22/0900
        975 words
    • 321 46 FT LISBON The Portuguese government has chosen Telecel, a US-backed consortium, for the licence to operate a private mobile telephone network in Portugal. It is also pressing ahead with plans to establish a private nationwide paging system to be followed by the launch
      FT  -  321 words
    • 276 46 NYT DETROIT Mazda has found a name for its new lux-ury-car division, in a Latin text. After much speculation, Mazda Motor of America said on Tuesday that it had chosen "Amati" to rival Honda's Acura, Nissan's Infmiti and Toyota's Lexus.
      NYT  -  276 words
    • 149 46 Reuter AMSTERDAM KLM Royal Dutch Airlines said it reached an agreement in principle to sell 49 per cent of its KLM Helikopters BV helicopter subsidiary to Rowan Companies Inc of the US and sought cooperation with Rowan. No financial details of the transaction
      Reuter  -  149 words
    • 723 46 The toppling of Gorbachev Passengers aboard a Soviet ship on a trade and exchange mission to the US are now uncertain of what lies ahead NYT SEATTLE On board the big Soviet ship Akademik Shirshov. a sailor wept, the captain poured consoling rounds
      NYT  -  723 words
  • Page 29 Advertisements
    • 26 29 Lines and sorvicos riprfMntid by Mowbors of tIM Registry of Accredited fjlffcri®*] Shipping Agents, Singapore National Shipping Association. tor advertising enquiries, contact Shipping times: I'el 740-20X9/740-2000.
      26 words
    • 161 29 SWEEHENG METAL CO PTE LTD I No. 13, Tubs Avenue 14. SPORE 2263 FAX 861-2946 TEL 861-5855 (5 U Soe Apeni Tl XRS ?0878 SHMCPt^ Commercial Cleaning Eauipment Industrial Maintenance Equipment Also buy .sell rental ft repair v.,-.-.r^%-' '-w-- jOI Siirfqf f !£9 >; V'• *A r Y" 3 vvv
      161 words
    • 53 29 Ar Forwarders 15 Frwght Schedule 16 Cochett Report 2 Container Schedule 17 Courier Services 15 Cruse Ferry SchedJes 16 Daly Fretfits 2 tndei to Advertisers 1 Port Conditions 16 Shppng Agents 15 Shupng Gude 10.11 Shpsates/Tanher Rats 16 Shps m Port 17 Smgapore Ides 17 Transport Oary 3 Weather and
      53 words

  • Page 30 Advertisements
    • 130 30 ■r> mr V H V W/f aHk 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 your money. Essential information accessible every business day through Business Times. In the same
      130 words

  • Page 31 Advertisements
    • 1414 31 h OOCL (S) PTE LTD- JAROINE SHIPPING AGENCIES TEL: *****11 FAX *****09 Wilt* BOOKINGS TEL: *****34 *****58 »fflHl» W TEHMINAUCFS TEL: *****18 -220 T CQQQJ '1 PESAKA JAROINE SHIPPING AGENCIES SDN. BHD yCTTW A PORr KELANG TEL *****18 FAX *****91 *****88 PENANG TEL *****4 FAX *****1 CFS TEL *****6 ■WHHMB
      1,414 words
    • 1869 31 ™'^RANSPoSniAR^™ Sep! 4-6: Seminar on Commercial Shipping. L/C and Cargo Claims of International Trade Specific Issues. Contextual Practice and Operational Process, organised by Facs World at Carlton Hotel. Sept 14-18: Japan International Aerospace Exhibition. Tokyo. Japan. Sept 24-25: Seminar on Marine Insurance in Carrier's and Shipper's Perspectives, organised by Facs
      1,869 words
    • 1628 31 mmm TWO SAILINGS TO USA SINGAPORE/TACOMA 18 DAYS SINGAPORE/LONGBEACH 19 DAYS Vessel Voy ETA I ETO 'Port "Penang DESTINATIONS Singapore Kelang T»*s week Mercheo Meersk 9108 Feeder by |C3E^!?22BC3E^I3EESIII3SIE32!!2IIESCI^C3C3ESIBBBB 27/s oeoo mrs Merkur Delta ■IBM* CFS 28/8 2359 MRS OAK LGB HOU MEM ATL MIA CHS BAL PHL NYC MON
      1,628 words

  • Page 32 Advertisements
    • 1153 32 |rottedam/| VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE HAMBURG EXPRESS 04/133 22/8 14/9 10/9 9/9 fiSHR HANNOVER EXPRESS 04/333 25/8 11/9 13/9 16/9 17/9 j^M^l KATSURAGI 07/134 29/8 21/9 17/9 16/9 i THAMES 07/334 1/9 18/9 20/9 23/9 24/9 1. ALL »IsT#oU*o P. LA SEINE 20/135 5/9 28/9
      1,153 words
    • 670 32 SEASPAC SERVICE DBECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT IS LA FLOREANA 2509E8 2/9 18/9 21/9 26/9 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA, PAGO PAGO. APIA t NUKUALOAFA DBECT CHILE/ SOUTH AMERICAN SERVICE SIN lOQ ANF STO VAP CLX IS LA FLOREANA 2509E8 2/9 9/10 10/10 13/10 15/10
      670 words
    • 1632 32 ragnm&BM& xjsam REGULAR INDEPENDENT FULL CONTAINER SERVICE WESTBOUND RSR EUROPE VSL/VOY Sm ALG BCL HAM BRE ROT ANT FQ tlHj (VIA (VU (VU ALG) MM) MT) I JAPAN SEA 124W 25/08 15/09 17/09 20/09 21/09 22/09 24/09 22/09 24/» CHINA SEA 125W 31/08 22/09 24/09 27/09 28/09 30/09 01/10 29/09
      1,632 words

  • Page 33 Advertisements
    • 1956 33 i Sg Steamers Maritime Holdings Ltd p&O M JH STRAITS SHIPPING ,^^^MnCTB|gJg-a V«T N» +PW+PH S'pml Ml S«j Ant RM Hb| ACCEPTS DUE SM.S UC* MARK *110 17/01 IVM 23/ M 05/ M M/M M/M 11/ M CARGO CMBHMI MT MM 17/ M 18/M|24/M 10/0* 12/ M 14/09 STRAITS HOPE
      1,956 words
    • 2182 33 m p BliMmMlM TO: U.S.AJPANAMA FM: U.S.A./PANAMA W«a/WT V OAK IQj CM W IM 1 IBt «»l *01 Wt W Ml a tSB 0A« AACMCAN HNATO* Ef 113 24/1 10/1 M/l 21/t 1/10 t/lt 1/10 D» YOKOHAMA 0A127 It/7 11/7 14/7 lt/7 20/7 20/7 27/t CMOTAM OCTOiT fUM U/t IS/»
      2,182 words
    • 353 33 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR OSAKA/NAQOYA/YOKOHAMA ASEAN TRADER VIS ETA SPORE 24/8/91 ETA OSAKA 5/9/91 ETA NAGOYA 7/9/91 ETA YOKOHAMA 9/9/91 LOADING FOB BANGKOK/ y6K6BAMA TRONO V7B ETA STORE 27/8/91 ETA BANGKOK 31/8/91 ETA YOKOHAMA 10/9/91 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PR n DM CT
      353 words

  • Page 34 Advertisements
    • 597 34 CR NBR **********0-D EXPRESS SfM-CMTMKKHP SERVICE S TO EUROPE *I>W STORE BMM/MMM HTUK BREMEN WTW» kAn/hm tn »/io 15/10 »/ii 22/11 mm xm 7/ii 1/11 14/11 11/u 21/11 5! FAST TRANSIT TIME IIkCCEPTINa BREAK BULK/CONTAINERISED CARGO SMtycct to MuctfUfAt Alio icctpdnQ cifQO lo Cmblinci, Port Alexandria, Qmn, Trl««t. *50 ACCEPTING
      597 words
    • 989 34 |(jjs» m. JK.I V HANJIN SHIPPING IS'poftlLEH RTM ANR HAM BRV FEI FEEDER VSL S« LM HAUL LGB OAK I HANJM MASAR OC4W 25/8 12/9 13/9 14/9 14/9 15/9 16/9 HAIUN K WANG YANG 079E 27/1 ORCNTAL KNKHT IC/9 21/9 HANMN OAKLAND 014N 1/9 19/9 20/9 21/9 21/9 22/9 23/9
      989 words
    • 55 34 REGULAR WEEKLY SERVICE TO: DUMAI* PERAWANG* PEKANBARU 5 VESSELS OPERATING BATAM SERVICE EVERY MONDAY A THURSDAY OWNERS OPERATORS OP CAMOO VESSEL. TUOS A BARGES SPECIALISE IN HHAVY-UPT. PROJECT CAROOBS TO ALL INDONESIA, MALAYSIA, THAILAND. FHUPINE PORTS OFFER CHARTERINO OP OUR CAROO VESSEL TUOS ft BAROBS. TEL: *****26 FAX: *****63 INDONESIA:
      55 words
    • 1204 34 mmm =v J =d: TH: =1 =3 ?B; i ImsffwciotiacpuswTinKTacnouuofiUKrtiwMiniifiKPaaam I C GLOVT OE-OSO ta ft 24/1 Z7/0 3/0 1/J Z/J 4/f S/» t/9 1/9 10/0 1/10 3/10 S/10 14/10 15/10 10/10 17/10 11/10 S/U 1/11 12/11 13/11 E CL£AMT OE-034 30/0 3/0 5/0 7/0 10/0 11/0 13/0 14/0 15/0
      1,204 words

  • Page 35 Advertisements
    • 1857 35 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) BOOKINGS: NEPTUNELINK TEL .******00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 VIM am AUST/INDIA/PAKSERVICE: *****18 CFS K27 EXPORT *****53/*****04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69/*****50 NEPUNE SON BHD MALAYSIA K.L.-<O3) *****33, P. KetonfrKß)
      1,857 words
    • 1015 35 SINSOV:! SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKING: *****51/ *****64/ *****59 (FESCO LINE) ENQURES: *****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 eastboiwd—ocscHwtac msmnm-iOMM! wr*\t wf Ipis "wif Vsm Ipkl |m lam Hi
      1,015 words

  • Page 36 Advertisements
    • 1568 36 K« Y 3F" 1 (CR No: **********0 M) v w T AS AGENTS: KAWASAKI SINGAPORE (PTE) LTD 1J TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 _M M 1 WrJ MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD TEL: PJ *****00 PK *****01/5 PENANG *****5 JB *****1. KAWASAKI KISEN KAISHA, LTD Indonesia:
      1,568 words
    • 1107 36 \3S PHIU-OMCNT LIN€S PT€ LTD j I 108 Robinson Road #07-00 GMQ Building Slngapora 0106 Tai: *****22/*****69/*****00 Tale*: RS ***** PHIU FAX: *****76/*****38 BY AIR, LAND OR 5EA..... WE TAKE ON THE WORLD FOR YOU MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 27 AUG MONTREAL. OTTAWA, TORONTO. 25 AUG DUBAI. DAMMAN.
      1,107 words

  • Page 37 Advertisements
    • 1542 37 PACIFIC INTERNATIONAL LINES (PTE) LTD 1 Mmtkl P*L Building, 140 Cecil Street JKttOO, Singapore 0106. JAKARTA 1 [BANGKOK VESSEL VOY BIN JKT SIN pTTjIf L 9UO 9U9 29/9 BUNGA TERATAI 343 25/• 27/9 1/9 JENLINK STN 2V. 29/9 1/9 EOCN 351 XT/% 29/9 3/9 KOTA PAHLAWAN 9131 27/9 30/9 2/9
      1,542 words
    • 1131 37 f 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 Benakterf 286 24/8 12/9 13/9 Buoga Permai' 298 26/8 12A9 IS£9 16/9
      1,131 words
    • 490 37 M MYANMA pfitfk FIVE STAR UNE (Myanmar National Line) Loading for Yangon (Rangoon) S'poro P.KI| Pen P.Gdf i HPA-AN VIMW Std to Pt MYOMA TWA VI3CW to ft 26/21 Auf 24/25 Auj PWYA VIISW 2t/29 Auf 3/5 S«p 30/2 Sap AVA VHON 6/7 Sap PAGAN VI74W In Pt THE BANK
      490 words



  • Page 40 Advertisements
    • 763 40 n»» I TO AUSTRALIA/NEW ZEALAND [si iFrwn IMb I Audi INPE |P CHAIM »p- aim huug 21* H/i T/% «/i i 2/» u/» i»/» 10/s RRUSSEL 277 10/» 17/$ 22/9 »/> I/1Q J/l» 4/10 C **OC* 271 2Vt 2/10 7/10 12/10 18/lt 20/10 JJj- ANTIWRPEN 27J 10/10 23/10 20/10 1/11
      763 words
    • 863 40 I^EEESSES^^^^^HI EXPORTS TO HONGKONG. TAINAN I JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUND VOY PKL PEN KT 1 SN I MNL HUG KAO Kg TYO 3U WCO KOB ifvCSSa HOY ISN [PKL POI BLW MN TSK MD.OQY 296 17.1 -111 20.1 231 211 49 59 ACI LAY 14A 23 8
      863 words
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  • Page 41 Advertisements
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    • 1317 41 SEAWARD SHIPPING AND TRADING CO (S) PTE LTD n* eta n« SPORE mi KELJUK PENANG HUE IAOE 20/0 t loading tof Ma« MNAI HUOHU 30/» loading tor Calcutta DOLPMN n/t loading Foe Male nown supreme 2/9 loading For MM DONAKULH S**ed loafed For Fcfcwaru PROGRESS unn M Port loading lor
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  • Page 42 Advertisements
    • 1377 42 MAC-NELS S'PORE 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 j UK/SCAN/ME&POFtTS CKH.QMBOS. AFRICA PEN PK SIN p EN PK SIN Colombo 26/8 27/8 28/8 23/8 24/8 25/8 Ldn/Flx/Rdm/Ant Durban/Pt Louis 26/8 27/8
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  • Page 44 Advertisements
    • 6 44 Read Chartpoint in BT every Saturday
      6 words
    • 130 44 UP. LIVING IT 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 shots
      130 words

  • Page 45 Advertisements
  • Page 45 Miscellaneous
    • 297 45 TIDES AND WEATHER TOOAVS TIDES (height in metres) HOIM 0000 0100 0200 0300 0400 0500 0(00 0700 (MOO 0900 **********00 *****400 *****(00 *****N0 1900 2000 2100 2200 2300.: u JR 18 1.4 1.1 0.8 0.7 0.7 08 1.1 1.4 1.7 1.9 2.0 1.9 1.6 1.4 1.3 1.2 1.3 1.6 1.9
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  • Page 46 Advertisements
    • 824 46 CHARTPOINT Every Saturday in Business Times HYUNDAI A MERCHANT MARINE CO. LTD. EASTBOUNP FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC NORTH-WEST FEEDER VOT HI W[ I UK HAUL VOT IBH OAK SEA Lit HAUL VOT TCM/StA PTL MMG CHUN 129 19/01 20/01 22/01 H. INNOVATOR 16/09 21/09 24/09 GOLDEN GATE BRDGE
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    • 158 46 PASJR GUDANG/SJNGAPORE TWICE WEEKLY SAILINGS ODEA SAT) VESSEL VOY P.GUDANG S'PORE JOSINDO SATU 027S 23/8 24/8 028S 26/8 27/8 029S 30/8 31/8 030S 02/9 03/9 031S 06/9 07/9 032S 09/9 10/9 RASIR GUDANG SINGAPORE (07) *****0/*****1 (02)534-0042 wSSSSS S 7 A Z*7T A m i—— m rv DAMAR SEGARA AGUNG
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    • 537 46 CHARTPOINT Every Saturday in Business Times IEEcI (asean] TT weekly sailing: v Belgium *****72 Singapore *****11 UK *****00 Jakarta *****66 Germany *****43 Manila *****76 Holland *****00 Penang *****8 France *****555 Port Kelang *****98 Italy *****41 Bangkok *****29 Spain *****04 Brunei *****3 IS*mm Freight Management Group Your ASEAN Link to In
      537 words