The Business Times, 30 August 1991

Total Pages: 44
1 44 The Business Times
  • 10 1 BUSINESS TIMESs MCI (P) 16/12/90 Friday, August 30, 1991 75*
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  • NEWS SUMMARY
    • 70 1 ABU DHABI Compensation is likely to be delayed for about 35,000 depositors in branches of the scandal-hit Bank of Credit and Commerce International in the United Arab Emirates, banking sources said yesterday. The emirate of Abu Dhabi, the main shareholder. is
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    • 68 1 CAIRO Egypt yesterday condemned as an "irresponsible act" an Iraqi attempt to land troops on an uninhabited Kuwaiti island and warned that the action could cause further tension in the volatile region. Cairo also called for the Iraqi incursion to be dealt with during
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    • 31 1 JAPANESE property firm Maruko Inc has filed for court protection from creditors, and analysts say this could herald more corporate crises in Japan later this year Back Page
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    • 23 1 US EQUITY investments in Malaysia soared to Msl.3 billion (SSO.B billion) in the first half of this year Page 7
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    • 18 1 INDONESIAN Labour Minister Cosmas Batubara has condoned a recent spate of industrial strikes Page 7
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    • 38 1 THE US recovery is still on track in spite of figures which showed the economy contracted between April and June rather than expanding as originally thought, say economists and US President George Bush Page 8
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    • 30 1 IRON LADY Gloria Lee, who built up Kim Eng's retail business, got involved in the securities business because she thought being a stockbroker would be fun Page 12
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    • 24 1 MORE AND MORE AsianAmerican writers are documenting their unique vision of what it means to be an American Page 15
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    • 31 1 ENCOURAGED by the success of its initial foray into the Singapore-Madras trade sector. Orient Express Lines will add another ship on this route. Shipping Times Page 1
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  • MARKETS SUMMARY
    • 34 1 WALL STREET was narrowly mixed early yesterday, hesitating after Wednesday's climb to record highs. The Dow Jones average of 30 industrials fell 14.31 points to 3,040.92 by 10.30 am New York time.
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    • 41 1 LONDON shares were higher at midday yesterday on optimism for lower US interest rates and Wall Street's good showing a day earlier. At 1115 GMT, the FTSE 100-Share Index was up 13.5 points, or 0.5 per cent, at 2,637.7.
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    • 32 1 FULL-YEAR results released by Cold Storage Holdings have shown that the listed retailer will be hard pressed to show improvements in its core businesses this year Page 3
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    • 29 1 SINGAPORE Electronic and Engineering (Seel), the first of the two Singapore Technologies Industrial companies listed this year, has reported interim earnings of $2.5 million Page 3
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    • 27 1 ORIENTAL HOLDINGS Berhad, through subsidiary Kah New Zealand, has paid an undisclosed sum for two of New Zealand's best known hotels Page 3
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    • 22 1 CITYSTATE Management Group Holdings and a British insurance Firm have joined forces to form Provincial Insurance pic Page 6
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    • Article, Illustration
      30 1 Thursday Change BT-MGA 679.65 +8 61 Kuala Lumpur ...545.80 10.42 Tokyo 22.002.17 +380.54 Hongkong 3,960.23 -7.91 Sydney 1,538.3 -2.6 Wednesday Change New York 3,055.23 29.07 London 2,624.2 +4.4
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    • 22 1 Exchange rates USS SS 1.7185 100 Yen SS 1.2571 MS SS 0.6174 Money market rates Overnight 5-3/8 -3/8 3-month 5-3/16% unch
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    • 37 1 London Gold AM fix USS353.50 USS-1.80 Rubber S'pore Sep 139.00*/kg unch M'sia Sep 226.50«/kg +0.50 KL Tin Turnover 43 tonnes -21 Spot MS 15.15/kg -0.01 Crude palm oil Turnover 1,693 lots -175 Sep MS785 /tonne -3
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  • 511 1  -  Trading volume has been shrinking on both bourses By Magdalene Ng SINGAPORE Stockbrokers in Malaysia and Singapore have been quietly cutting brokerage fees in a bid to get more clients in an increasingly competitive market. Industry sources say the
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  • 500 1 Crisis in the Soviet Union Agencies MOSCOW The two richest and most-populous Soviet republics, Russia and the Ukraine, announced yesterday the formation of a temporary military and economic alliance that appears to leave the Kremlin out in the cold. The two republics invited other
    Agencies  -  500 words
  • 188 1 SINGAPORE The Architects Act 1991 and the Professional Engineers Act 1991 come into operation today, the Ministry of National Development said yesterday. I'nder the new Acts, all registered architects and professional engineers will need a valid practising certificate to engage in the practice of architecture
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  • 309 1 Election '91 SINGAPORE Singaporeans who want an opposition in Parliament should consider carefully the calibre of the candidates, their party and the party leadership, said Prime Minister Goh Chok Tong last night. They should subject the candidates to a stringent character
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  • 476 1  -  By Chew Eng Han SINGAPORE Temasek Holdings has offered to buy out the remaining stake in the Export Credit Insurance Corporation of Singapore (ECICS) now held by some 150 financial institutions. The offer, prompted by some shareholders, if widely accepted will
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  • 42 1 FACED with lower demand for conventional computers, the disk drive industry in Singapore is bracing for a sharp slowdown in growth. Adding to its concerns is the cost of retooling as the industry moves rapidly towards miniaturised disk drives.
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  • Page 1 Advertisements
    • 237 1 I ASIAN'S Nil I I COMPUTER PRINTER I 1 RIBBON MANUFACTURER J Aircraft Schedule 25 Money Changer Rates 25 Work) News 8,9 Commodities 24 Money Market 23 Company News 3.4,5 Regional News 7 For market indices, editorial, Cryptic Crossword 25 Regional Stock Markets 21 advertising and circulation exEditorial 10 SES
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    • 21 1 Economists at odds over best reform plan, Pg 9 Editorial, Pg 10 USSR break-up may spark more gold sales, Pg 24
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    • 3 1 Analysis, Page 11
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  • GENERAL ELECTION '91
    • 736 2 OPPOSITION candidates who refuse to take sides on basic issues prove that they are not worth voting in, said Prime Minister Goh Chok Tong last night. Hitting out at Singapore Democratic Party secretarygeneral Chiam See Tong for
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    • 490 2 THE People's Action Party holds the last card in this election, and is likely to pull a "last-minute surprise" on Polling Day to swing a few more votes towards their side, said Potong Pasir Opposition candidate Chiam See Tong Speaking
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    • 600 2  -  Reports by Anna Teo, Shoeb Kagda, Lilian Ang, Genevieve Cua, Claire Leow, Schutz Lee, Chew Eng Han THE MINISTER for Law and for Home Affairs, S Jayakumar, yesterday lashed out at the Workers' Party for the accusation made by
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    • 224 2 SENIOR MINISTER Lee Kuan Yew has urged Tanjong Pagar GRC residents to ask their friends and relatives to vote for Goh Chok Tong by voting for the People's Action Party. Mr Lee who, together with S Vasoo, Lim Hng Kiang
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    • 338 2 PRIME MINISTER Goh Chok Tong last night offered his assessment of PAP candidates Seet Ai Mee and Lim Boon Heng, as well as his views on SDP candidate Ashleigh Seow. At the PAP rally at Bukit Gombak, Mr Goh said
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    • 434 2 WORKERS' PARTY candidate for Hougang Low Thia Khiang last night took issue with what he described as the People's Action Party's control of Singapore's economic institutions. At a rally in Hougang, he said the statutory boards, Singapore Press Holdings and Temasek Holdings
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    • 221 2 PKMS (Singapore Malay National Organisation) president Sahid Sahooman said last night that he did not mean to offend Prime Minister Goh Chok Tong in his rally speech two days ago at Ayer Rajah. Mr Sahid had said at that rally that Mr Goh, being a
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    • 246 2 GERTRUDE Magdeline de Gracias, one of the National Solidarity Party's candidates for Cheng San GRC, said last night that the reason why most people voted for the People's Action Party in the last General Election was because of threats used
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  • Page 2 Advertisements
    • 259 2 Do's and don'ts on polling day •On Saturday, voters must bring their identity cards and poll cards to the polling station. Once voters have cast their vote, they should leave the polling station, says the Returning Officer. Voters aged 65 and above, and the handicapped, will be given preference in
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  • COMPANY NEWS 1
    • 175 3 AFP KUALA LUMPUR Prime Minister Dr Mahathir Mohamad has announced that a recent investigation produced no evidence of insider trading on the Kuala Lumpur Stock Exchange. Dr Mahathir told top executives of financial institutions on Wednesday that the government would not,
      AFP  -  175 words
    • 604 3  -  Company's core businesses struggling for growth in mature market By Lee Han Shih SINGAPORE Details contained in the 1991 results released by Cold Storage Holdings (CSH) yesterday suggested that it will be an uphill task for the listed retailer to come up with any
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    • 402 3  -  By Carolyn Lim SINGAPORE In its first set of results as a listed company, Singapore Electronic and Engineering (Seel) appears to be well on its way to exceeding projected earnings for this year. Yesterday, the electronic systems house announced interim
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    • 293 3  -  By Schutz Lee SINGAPORE Malaysia's Oriental Holdings Berhad, which distributes Honda cars through Kah Motor Company, has bought two of New Zealand's best known hotels through subsidiary Kah New Zealand. The Wairakei Hotel and the Chateau Tongariro both in central North
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    • 229 3 SINGAPORE Publiclylisted Singapore Reinsurance has reported group net earnings of $2.72 million for the six months ending June 30, 1991, almost unchanged from the corresponding period last year. But the latest earnings figure represents a big jump from the second half of last year when
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    • 245 3 SINGAPORE Sunshine Allied has renewed manufacturing and distribution agreements with its principal Van Houten Zoon Holding AG Switzerland and also secured approval to start on two joint venture factories in Indonesia costing a total of US$l2 million (5520.4 million). The confectionery maker and distributor said
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    • 244 3  -  By Harish Mehta SINGAPORE Rothmans Industries Ltd has reported a healthy 26 per cent increase in net earnings due to positive factors such as higher exports, improved efficiency, higher margins and higher investment income. Announcing its preliminary final results, the company reported that the group's
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    • COMPANY BRIEFS
      • 78 3 KUALA LUMPUR Berjuntai Tin Dredging Bhd went deeper into the red in the year ended April 30 with a group pre-tax loss of M 55.97 million from a M 52.95 million pre-tax loss a year earlier. This was despite a 202 per cent surge in
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      • 72 3 KUALA LUMPUR Timah Langat Bhd said group operating pre-tax loss in the six months ended June 30 widened to M 5220,000 from M 592,000 a year earlier. Group turnover shrank to M 512.10 million from M$ 14.62 million previously, while group after-tax loss widened to M
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      • 43 3 SINGAPORE Lam Soon Huat Development Bhd announced that its offer to acquire all the shares of Sri Hartamas Corp Bhd has been approved by the Foreign Investment Committee and the Panel of Takeovers and Mergers of Malaysia.
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      • 48 3 SINGAPORE Singapore Airlines' wholly-owned subsidiary, Tradewinds, has increased its paid-up capital to $75 million from $23 million, SIA said in a statement to the stock exchange. This was done through the allotment of 52 million shares of 1 each, which was paid in cash.
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    • 266 3  -  Magdalene Ng SINGAPORE OCBC bank is selling part of its stake in newly-listed Pacific Bank to Malaysian associate United Malacca Rubber Estates Bhd (UMRE). OCBC and another shareholder, Japan's Yasuda Trust and Banking Company, are together selling a 5.97 per cent stake in
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    • COMPANY BRIEFS
      • 75 4 SYDNEY Renison Goldfields Consolidated Ltd said costcutting and restructuring measures in the year to June 26 and new developments put the company in good stead for the long term. Renison, which earlier reported a net profit slump to U5536.4 million (5562.55 million) from
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      • 88 4 MANILA The Philippines will sell to the public 25 per cent of the equity of the state-owned National Steel Corp (NSC) in a first step towards privatising the firm, Trade and Industry Secretary Peter Garrucho said. The government has not determined the share price
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      • 115 4 MELBOURNE The Broken Hill Pty Co Ltd said it expects sound performances from minerals and petroleum operations but steel faces another difficult year. In its annual report, BHP said group performance would be influenced by continued growth in Asian markets, modest growth in Europe
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    • 180 4 Reuter HONGKONG Swire Pacific Ltd blamed a small fall in its interim net profit on subsidiary Cathay Pacific Airways Ltd, but said results from the airline and other divisions should improve in the second half. Chairman David Gledhill forecast in a statement that dividends
      Reuter  -  180 words
    • 406 4  -  50 cardphones launched earlier this month in 6-month trial From Harish Mehta in HO CHI MINH CITY MALAYSIA'S Sapura Holdings Sdn Bhd is planning to make an equity investment in a joint venture to produce push-button telephones here in partnership with Ho
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    • 220 4 Reuter NEW DELHI A proposed joint venture between International Business Machines (IBM) and India's biggest industrial firm, Tata Sons, is among the first to be considered by a new board in the office of Indian Prime Minister Narasimha Rao set up last week
      Reuter  -  220 words
    • 338 4  -  By Lee Han Shih SINGAPORE Hit by the Gulf crisis. South China Morning Post (Holdings) has narrowly failed to meet its earnings forecast of HKSSOO million (S$ 110.7 million) for its first full year as a company re-listed on the Hongkong Stock Exchange.
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    • 397 4 NYT SAN FRANCISCO Fujitsu Ltd, the largest computer company in Japan, has invested US$4O.2 million (5569.18 million) in Hal Computer Systems Inc, a Silicon Valley start-up company headed by a former star com-puter-designer for IBM. The agreement, announced on Wednesday by Hal,
      NYT  -  397 words
    • 349 4 FT TOKYO Toyota Motor, the Japanese car-maker, is considering expanding its financial services operations in a move that could have a far-reaching impact on Japan's financial companies. A management team is studying proposals to increase greatly the provision of car and housing
      FT  -  349 words
    • 387 5 News service to go on while it looks for buyer AP WASHINGTON United Press International filed for bankruptcy court protection on Wednesday, but the 84-year-old news service said it plans to continue worldwide news coverage while looking for a buyer. The Chapter 11 petition
      AP  -  387 words
    • 289 5 Reuter ZURICH Swiss-Swedish engineering group ABB Asea Brown Boveri Ltd expects to generate huge cash amounts through sales of assets, ABB chief executive officer Percy Barnevik said. "I could not give an exact figure, but we are talking about several hundred
      Reuter  -  289 words
    • 273 5 AP WASHINGTON Aftertax profits at US corporations fell at a 1.6 per cent annual rate in the April-June quarter to the lowest level in nearly two years, the government said on Wednesday. The drop followed a sharp 63 per cent
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    • 361 5 Agencies LONDON Ladbroke Group pic announced on Thursday a 40 per cent fall in interim profit and asked shareholders for £464 million (*****0 million) through a one-for-four rights issue. The cash call had been widely predicted. Ladbroke said the proceeds from
      Agencies  -  361 words
    • COMPANY BRIEFS
      • 80 5 DORTMUND, Germany German steel group Hoesch AG said that group earnings in 1991 would fall below 1990 levels, but would remain at "a still satisfactory level." A spokesman > declined to specify the scope of the expected profit decline. 1 Earlier, Hoesch said
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      • 81 5 ATLANTIC CITY, New Jersey The Trump Organisation said the US Bankruptcy Court in Camden, New Jersey confirmed the reorganisation plan of its Atlantic City hotel and casino operation Trump Taj Mahal Associates. Under! 4 the plan, which also covers certain of the casino's affiliates, interest on
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      • 97 5 LONDON One in every 50 active British companies went into liquidation in the year to June 1991, according to figures released on Tuesday from the Department of Trade awlIndustry (DTI). The report, published by the Association of" British Chambers of Commerce on behalf of
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      • 61 5 PARIS French telecommunications equipment maker Al- < catel NV said it had finalised its US$625 million (551.075 j billion) purchase of Rockwell International Corp's Network Transmission Systems Division earlier than expected. Alcatel, a subsidiary of France's Alcatel Alsthom, agreed to buy the Rockwell unit in July.
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    • 345 5 Reuter LEVERKUSEN, Germany First-half profits fell slightly at German chemical group Bayer AG, but the firm said in a letter to shareholders that business had picked up in the second quarter, due to a firmer dollar and yen. Bayer said
      Reuter  -  345 words
  • Page 3 Advertisements
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  • Page 4 Advertisements
    • 1889 4 MOSCOW NARODNY BANK LIMITED I Incorporated In London In 1919 as a private limited company 'Q« t .n n.l.nrr Shrrt .»Tl.t Drrnnhrr 10OP Pensions At 31st December 1990. the Bank's future capital expenditure contracted for but Balance Sheet at 31at December IWK) Annua, profits are charged with contributions to the
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  • Page 5 Advertisements
    • 177 5 AT 152 BHP, HfiHiß ALL THEY'LL SEE ARE Bffiß YOUR TAIL-LIGHTS. If you want a ride that combines the high-powered performance to its Supersonic Suspension (Duet-SS) and Multi-Link Rear Suspension. at high-speed, with minimal noise and lower fiiel consumption, of a 2 4-valve, 6-cylinder, twin cam engine with ergonomic design,
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  • FINANCIAL NEWS
    • 312 6  -  Joint venture Provincial Insurance Asia set up By Dawn Tan SINGAPORE Provincial Insurance pic of the UK and homegrown Citystate Management Group have teamed up to tap East Asia's fast growing insurance market. Through the joint venture company, Provincial Insurance Asia, which has
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    • 597 6 Bernama KUALA LUMPUR Finance companies registered a substantially higher pre-tax profit of M 5444.3 million (*****.6 million) for the 1990 financial year, compared with M 5240.3 million in 1989, Bank Negara said on Wednesday. For the first half of this year, preliminary
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    • 309 6 Reuter MILAN An alleged 85-bil-lion-lire (SS 111.4 million) stock fraud claimed its first victims on Wednesday when two Italian stockbrokers declared themselves insolvent because of the affair. The two brokers failed to meet the Wednesday deadline for delivering stocks traded during the August
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    • SMALL CHANGE
      • 76 6 SINGAPORE Smith Barney, Harris Upham (Singapore), an international investment banking and broking firm based in New York, will withdraw its floor operations on the Singapore International Monetary Exchange from Monday. Tan Bong Lin, 35, who was recently promoted to managing director, said that
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      • 58 6 LONDON The Association of Lloyd's Members (ALM), which represents the interests of more than 9,000 Lloyds names, welcomes moves to disclose details of underwriters' salaries. ALM members hope the disclosure will strengthen moves to reform the Lloyd's insurance market. The ALM itself sponsored a study
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      • 92 6 WIESBADEN Insurer DBV Holding, whose shares were floated on German bourses last year, said it expected an increase in profits in 1991 that would allow it to raise its dividend pay-out to 14 per cent. In the second 1990 half after the restructuring of
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      • 60 6 MUNICH Wolfgang Schieren, management board chair- 1 man at Allianz AG Holding, says he will go on negotiating corporate takeovers overseas after he becomes supervisory board chairman of the group on Oct 2. Mr Schieren says the reason for this is the lack of
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      • 82 6 LONDON Barclays pic said in a statement it would cut up to 700 jobs in its branch clearing network with the introduction of automated cheque and credit handling processes in many of its large UK branches. It said in a statement the reduction would be
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    • 393 6 Reuter TOKYO The former chairman of Nomura Securities Co Ltd has told the Japanese Parliament that he believes the firm's trading practice in 1989 over a railroad company's stock did not constitute stock manipulation. "I believe there was no stock trading manipulation
      Reuter  -  393 words
    • 233 6 Reuter NEW YORK Ten large US life insurers received capital injections from their parents in the first half to help shore up their financial positions, some of which were hurt by souring real-estate and junk bonds, a study says. David Schupp, a principal of
      Reuter  -  233 words
  • Page 6 Advertisements
    • 613 6 (Incorporated in the Republic of Singapore) ANNOUNCEMENT The Directors are pleased to make the following announcement: I CONSOLIDATED AUDITED RESULTS FOR THE YEAR ENDED 30TH JUNE 1991 GROUP 1991 1990 Of $'000 $'000 1 Turnover 195,266 9 2 (a) Consolidated operating profit after charging 54,392 43,691 24 (i) Interest on
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  • THE REGION
    • 370 7 Projects worth Msl.3b against Mss67m for 1990 Bernama SHAH ALAM Equity investments from the United States worth Msl.3 billion (SsBoo million) for 20 manufacturing projects had been approved by the government in the first six months of this year, International Trade
      Bernama  -  370 words
    • 200 7 Reuter SYDNEY A number of factors point to a moderate recovery in the Australian economy as the fiscal year to the end of June 1992 progresses, Treasurer John Kerin said. "Unemployment has increased to unacceptable levels," Mr Kerin told a sports club meeting here
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    • 194 7 AFP WELLINGTON The head of New Zealand's central bank denied on Wednesday it was hampering economic rccovcry by holding up the currency exchange rate. The bank has been criticiscd by economists who claim it is overdoing its efforts to ensure overseas inflation is
      AFP  -  194 words
    • NOTE BOOK
      • 75 7 KUALA LUMPUR The Malaysian King, Sultan Azlan Shah, and his consort will visit China and South Korea next month, the Malaysian Foreign Ministry said. In a statement issued late Wednesday, the ministry said the King would be in China, at the invitation
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      • 58 7 JAKARTA Indonesia and Malaysia should thoroughly discuss a mechanism for repatriating illegal Indonesian immigrants at the first meeting of a joint committee scheduled for October, the official Antara news agency said yesterday. The issue needed joint discussion because it concerned funding, Antara quoted Indonesian Ambassador to
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      • 68 7 MANILA The Philippine trade department is planning to link its computers with the US customs in order to prevent the smuggling of goods from the Philippines to the United States, officials said here yesterday. The plan to forge the computer link followed recent cases in which
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      • 74 7 SYDNEY The daughter of murdered Australian heart surgeon Victor Chang has made a moving plea for the tightening of the country's gun laws after a shooting massacre this month in Sydney in which eight people died. Vanessa Chang entered an increasingly bitter guns row with
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    • 229 7 FT Hongkong Hongkong's inflation rate, which many businessmen now call their main hcadachc, edged up again last month to 12.6 per cent from 12.3 per cent in June. The increase was mainly due to higher food prices in the wake
      FT  -  229 words
    • 278 7 AFP JAKARTA Indonesian Labour Minister Cosmas Batubara has condoned a recent spate of industrial strikes saying that workers were merely exercising their rights. The recent labour unrest through protests and work stoppages in several companies reflected the growing perception by workers of their
      AFP  -  278 words
  • Page 7 Advertisements
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  • THE WORLD 1
    • WORLD WATCH
      • 68 8 BEIJING The head of China's parliament has thrown his weight behind a long-debated hydroelectric dam project to harness the huge Yangtze River in the wake of devastating floods earlier this year. Wan Li, chairman of the standing committee of the National People's Congress, called
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      • 79 8 BELGRADE Fierce fighting between Croats and Serbs raged on in eastern Croatia on Wednesday despite fresh bids to bring about a ceasefire, with federal warplanes pounding the town of Vuvokar, Croatian and federal sources said yesterday. The collective presidency met, but only three members from
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      • 48 8 ISLAMABAD The Pakistani government yesterday embarked on an unprecedented sell-off of 90 state-run projects to the private sector. The privatisation commission, set up by the 10-month old government of Prime Minister Nawaz Sharif, has invited bids from individuals, groups and companies by Oct 10.
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      • 54 8 DUBAI, United Arab Emirates Taiwan, already a major trading partner of the Gulf, is seeking a greater share of the lucrative market in the oil-rich region, Taiwanese trade officials said yesterday. Some 70 leading Taiwanese firms have placed their products on display at a trade
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    • 402 8 But some economists are not as optimistic Reuter AP WASHINGTON Economists and President George Bush said they believed the recovery was still on track despite figures which showed the US economy contracted between April and June rather than expanding as originally thought. The US
      Reuter; AP  -  402 words
    • 367 8 UNITED NATIONS The UN Sccrctary-Gcncral proposed on Wednesday that wealthy nations cancci their official debt to African countries before the continent faccd a crisis of "tragic proportions." Five years after UN members promised to revive Africa's devastated economics, Sccrctary-Gcncral Javier Perez dc
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    • 239 8 FT NEW DELHI India is to seek a substantial fresh loan from the International Monetary Fund under terms that would include increasingly close IMF monitoring of the country's programme for economic stabilisation and structural reform. Dr Manmohan Singh, Finance Minister,
      FT  -  239 words
    • 449 8 Reuter RIO DE JANEIRO Brazilian corporate profits, battered by a draconian anti-inflation plan and punitively high interest rates, sank to their lowest level in 22 years during 1990, according to a new study. The study, published by the state-funded Fundacao Getulio Vargas
      Reuter  -  449 words
    • 416 8 AP BENGHAZI, Libya Muammar Gaddafi realised a dream on Wednesday with the launch of a vast irrigation pipeline to grow crops in the desert. But critics say the bil-lion-dollar project may spell folly more than salvation for the country. The Great Man-Made River is
      AP  -  416 words
    • 699 9 Crisis in the Soviet Union Coup failure seen as reviving 'Grand Bargain' Reuter BOSTON A debate is currently brewing on the type of reform programme best suited to restructure the Soviet economy. On one hand are proponents of the "Grand Bargain", which was
      Reuter  -  699 words
    • 820 9 Responses by West to prospect of Baltic independence NYT KENNEBUNKPORT, Maine The variety of Western responses to the prospect of Baltic independence reflects a mosaic of self-interest, geopolitical currents and domestic political pressures. For the second day in a row, President George
      NYT  -  820 words
    • 484 9 Commentary NYT MOSCOW "Law and law," Russian President Boris Yeltsin urges on those who would remake the Soviet Union, emphatically rejecting vindictiveness. Having faced down the people who would re-impose tyranny, he associates himself with Soviet President Mikhail Gorbachev's passionate efforts to restore legitimate
      NYT  -  484 words
    • 762 9 Asahi TOKYO The Soviets are dashing for democracy. Turning their eyes to their daily lives, however, they still find no meat, no sugar, no economic policy. Just roubles as good as waste paper. The extremely cold winter is nearing. Soviet-watchers in Tokyo say
      Asahi  -  762 words
  • Page 8 Advertisements
    • 1033 8 h KANSALUS-OSAKE-PANKKI Consolidated Balance Sheet Consolidated Income Statement As at December 31, 1990 For the year ended December 31, 1990 1990 1989 1990 1989 Cash and receivables Income on financial operations Cash 910.5 786.3 Interest income 15,641.1 15,025.4 Due from the Bank of Finland 2,831.0 4,109.1 Income on hire purchase,
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  • Page 9 Advertisements
    • 78 9 WHAT DISTINGUISHES THE INSPIRED FROM THE INSIPID! SUITABLE FOR UNLEADED PETROL THE AUDI 80 I.BS SPECIAL EDITION The Audi 80 I.BS now comes in a Special Edition with an all new interior, auto-check system and a host of other refinements. Plus an assurance of its utmost exclusivity. Evidently, the choice
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  • 492 10 EDITORIAL THE Soviet Union, The New York Times said recently, was the "last of the great land-built empires". It was an empire built on brute force and ruthlessness and above all it was built to accommodate the expansionist vision of leaders like Stalin. It also stood out
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  • WHAT THE OTHERS SAY
    • 244 10 LAST week, the United States suspended trade negotiations with China and demanded that Beijing produce, within five weeks, a timetable for opening its markets. Otherwise the US will initiate an investigation of Chinese trade practices which could lead to retaliation against Chinese imports. China has had
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    • 131 10 THE recent PM Book Awards presentation reflects Singapore's success in its policy of bilingualism. Singapore has long accepted English as the key to international trade but we have never forgotten the importance of mother tongues as a cultural ballast. The younger generation is generally more comfortable communicating in
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    • 132 10 WHETHER the Soviet Republics which want to secede can do so successfully depends to a large extent on whether countries in the West recognise them. As the leader of countries in the West, the US is taking a cautious stand even in recognising the Baltic republics.
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  • REGIONAL VIEWPOINTS
    • 217 10 THE computer cognoscenti have been aware for years that images from pornographic films can be "digitised" and recorded so that those with access to bulletin boards computerised message services allowing members to exchange information can pick them up with nothing more than a PC and a
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    • 149 10 IN THE light of the spate of resignations involving professionals and skilled workers from the civil service, the government's move to review the salary structure is relevant. Although efforts towards trimming the size of the civil service will prevail and public sector direct involvement in economic
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    • 158 10 A SLUGGISH MODE of public transport will be out of step in a country which is accelerating to develop itself. Public Enteiprises Minister Datuk Dr Yusof Nor says that a foreign consultant firm, DDE of Denmark, will be appointed to identify the best transport system for the
      158 words
  • 950 10  -  Should accountants be allowed to offer their clients deep discounts? Alison Leigh Cowan examines the issues involved Alison Leigh Cowan NYT Anew york state accounting group, fighting a growing trend towards tough price competition for clients, is seeking to ban accountants in the state from
    NYT  -  950 words
  • Page 10 Advertisements
  • Page 10 Miscellaneous
    • 57 10 DOONESBURY BY GARRY TRUDEAU NO &6PGAL. TOMSU/HSTH&R I HRH BVCR SOME- BKj I UJS'VE:MET9&OR&CRNOT,BUT\ SHOTAPMiTZ 70 I M lAM CURIOUS ABOUT ONE THNG M mm lUB6AU I SURS 1 m mi thanks i r rrum'YOUTHFUL mE J» H H 1 ~Z/P fcra iNPtscfimtfßurm I 7 av> fx&p&rril A TTTOOOY, HSS
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  • ANALYSIS
    • 1073 11  -  Japanese police estimates say that the income of organised crime was nearly US$ 10 billion last year. Steven Wiseman reports on how mobsters are flourishing as they infiltrate major Japanese businesses Steven Wiseman NYT THE hottest underground videotape in Japan right now
      NYT  -  1,073 words
    • 1667 11  -  Singapore is the world's largest hard disk drive manufacturer. How is it being affected by the worldwide slowdown in the industry? Carolyn Lim and Joseph Rajendran report Carolyn Lim and Joseph Rajendran THE worldwide slowdown in the hard disk drive industry is sending waves
      1,667 words
  • Page 11 Advertisements
    • 38 11 H I MKMH I I hama p/iofo Video I I Blk 261 #03-29 Waterloo Street, Waterloo Centre I ■k Tel: *****29 _J^k Find out how sellers are reaching out to buyers in Advertising Marketing. Every Thursday in BT.
      38 words

  • FOCUS
    • Article, Illustration
      1598 12  -  Andrea Borch interviews Gloria Lee, the founder of Kim Eng Securities, and finds that she's much more than Andrea Borch This article first appeared in the July issue of Singapore Business A PLAQUE on a corner table in Gloria Lee's I3th-floor office says: "In God we trust
      1,598 words
  • Page 12 Advertisements
    • 200 12 i.l In Asia's bustling cities, the renowned hospitality of Shangri-La hotels awaits you .....where the American Express 9 Card is always welcome. S3 "&uesj v hosptuble rrcrpoon Membership Has Its Privilegesr MKBffl SHANGRI-LA INTERNATIONAL HOTELS RESORTS Don't leave home without it* BALI- BANGKOK BEIJING FIJI HANGZHOU HONG KONG KOTA KINABALU
      200 words

  • SPORTS
    • 874 13 US Open NYT JOHN McENROE was saved by the clouds, but Guy Forget, seeded seventh, did not survive the summer simmer on Wednesday at the United States Open. Forget, the mildly eccentric Frenchman who shaved his head last year just before winning
      NYT  -  874 words
  • Page 13 Advertisements
    • 1007 13 R1 Compagnie Financier* de Paribas Head Office: Banque Paribas, 5, rue d'Antin, ***** Paris, France Singapore Branch: 16 Raffles Quay #39-01, Hong Leong Building, Singapore 0104. lei: *****00 Exchange Rate At 31 December, 1990: US$l FF 5.129 Consolidated Balance Sheet (In millions, at December 31) 1990 1990 1989 ASSETS (US
      1,007 words
    • 52 13 1991SUPEKTMS CHALLENGE j^^ll BEr KJgrtNft*- CHANG EDBERG LENDL SAMPRAS Come experience Hie Clash of the Champs!" Singapore Indoor Stadium September 27 28,1991 7KK) pm Tickets on sale at Centrepoint (Information Counter, Level 1) Wisma Atria (Information Counter, Level 1) An Australian Sports Marketing Event CO-SPONSORS: r~i hi T>« WfSTINSIAMK* O
      52 words

  • Page 14 Advertisements
    • 181 14 WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE AND ENTERTAIN WHERE TO WINE, DINE PRINCESS v i&s s •••now on Fridays and Saturdays From now on, our Chinese Porridge Buffet will be served only on Fridays and Saturdays from 10.30pm to 3.30 am but at the same old
      181 words
    • 213 14 JByV SCOTTS LOUNGE J/ IBBgp M Retreat into a world of classical charm Create traditions. Indulge in English tea or evening cocktails. Enjoy ihe repertoire of our string quartet or solo pianist. Experience Hyatt Regency Singapore's new Scotts Lounge. Hyait Regency Singapore 10-12 Scocts Road Singapore 0922 Tel: 733 11®
      213 words
    • 273 14 \£Sa jSf Have a swinging rime of sing-song prices! Booking a karaoke room doesn't need to be a pricey affair at sensational Singsation. Sing your heart out and make yourself a star tonight! Hourly charge from $25 onwards for a minimum 6 persons. Happy Hours: T T 50% discount on
      273 words
    • 216 14 BPHB&I Vou'll en)oy our delicious selection of authentic Beijing DlanXln served amidst the splendour of an Imperial Hfjl Court. May we expect you today? From noon to 2.30 pm. bumj Ala carte menu available. Ijmj] 88 <S4yym--333 Orchard Road. Singapore 0923. Tci: *****11 £>|lj I spm toTpm 4on SunJ| I
      216 words
  • Page 14 Miscellaneous
    • 693 14 TELEVISION AND RADIO 7.10 MMIOI mmWI (C). im« w«wito»(M). f-V|p HrmKlp Vm: Jio nz2c?rr <c) iss et£XsU«. Wll LIIC LIU U.UIC 2-2 **<o. n.* -m. v, r bk. «.«*>*, m h ».U Variety 7«H* (C, Stereo). gin, the Gypsy. This 1970 7.10 am, l.I0>». Athletics Championships 10.15 lacrat Opt itioai
      693 words

  • LIFESTYLE
    • 706 15  -  What do you do when you're Asian but born in the US and have parents who can only speak their mother tongue? Answer Write a book about it. Anna Esaki-Smith reports Anna Esaki-Smith Reuter ASIAN-AMERI-CAN writers, often children of immigrant parents who cannot speak English, are documenting
      Reuter  -  706 words
    • 477 15 The 'No smoking' sign may be common in Singapore. But in Japan, a restaurant is stirring up controversy trying to enforce the ban Asahi ALTHOUGH still a minority in Japan's permissive society towards smokers, a Tokyo restaurant has banned smoking and a Kyoto taxi company
      Asahi  -  477 words
    • 660 15 NOVELIST Tom Clancy is considering taking his military expertise onto the battlefield of professional football. The author of The Hunt for Red October and Patriot Games is considering applying for ownership of a prospective National Football League expansion team in Baltimore, his attorney said
      660 words
  • Page 15 Advertisements
    • 218 15 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 com* wtth a Caesar Salad, Baked Idaho Potato, Grilled Tomato and a choice of Herb Butter, Bearaaise or Black Pepper Sauce. A Sterling 5-course set menu
      218 words
    • 58 15 [Sil lobster Salad with Fresh Fruits l!=r Superior Shark's Fin with Chicken Prawn W/Sprino Onions In Hot Sizzling Plate Red Fish with Soya Bean Crumbs Winter Melon with Broccoli Braised Noodles with Shredded Duck j-=fl Maple Leaf Pan Cake |jp MAPLE LEAF SieChuan Restaurant 390 v c,o,,a Street *01-01/06 Golden
      58 words
    • 129 15 MORTGAGEE SALE BY PUBLIC AUCTION I UNDER CONDUCT OF THE REGISTRAR OF THE I HIGH COURT OF NEW ZEALAND, WELLINGTON I I I *^Bsss£s^ss3SSBHßHP'Pl?^^^zl Harbour Tower, 2 Hunter Street, Wellington, New Zealand I Rising 16 storeys above Jervois Quay, Harbour Tower To be sold by public auction on the 16th
      129 words

  • STOCK EXCHANGE OF SINGAPORE 1
    • 907 16  -  By Salil Tripathi THE STOCK market finally laid to rest the ghost of the Soviet coup attempt with a return to pre-coup levels. The benchmark Straits Times Industrials Index gained 17.26 points to close at 1,407.46 on a quiet day. Yesterday's gain
      907 words
    • 3967 16 Gr"» Gr'» 1991 Td Last Vol Day Last Qwte Diy Dh YTd Net M Cap High Low Code Company Sale +or- C000) High Low Bayer Seller C*r P/E Sail INDUSTRIAL ft COMMERCIAL 285 162 1000 Acma 205 -1 16 207 205 204 205 10.0N 1.5 4.9 13.6 125.7 255 180
      3,967 words

  • 4010 17 Main Board FAN 820 +35 +4.5% Semb Shipyard 695 +35 +5.3% Apollo 203 +26 +14.7% DBS 1180 20 +1.7% DBS Foreign 1290 20 +1.6% Keppd Corpn 715 +15 +2.1% PM Hldgs 254 +14 +5.8% Robinson 478 +14 3.0% Siine Spore 25* 116 +14 +13.7% FELS
    4,010 words

  • BT SHARE INFORMATION SERVICE
    • 299 18 C«f—y Date Yaar 6mf Nat Net aaraiags 6ms mm to prvfli/teM (L) par sfeara <M4mi COM) (caats) Alex HWgs Aug 26 Mar 91 $461(S1.085) 2.3(5.4) 6(6) Malayawata Aug 26 Mar 91 MJS0.395($31,216) 37 5(46.5) 7.5TE(2TE) Pelangi Aug 26 Mar 91 M)14,556(18.680) 9(5.4) 10(7 5a) Set Dredg Aug 26
      299 words
    • 730 18 BONDS, LOANS WARRANTS Capqi Caaiaritaa parted OuNnta km hr m Am M« Before 30/6/9* 1 warrant plus HK81.00 cast. CiC W Before 26/4/93 1 warrant plus $309 cash C—iwiy Leon fMtiriT Wt 2/10/89 I) 20/10/94 1 warrant plus JO 77 cash or 1 warrant plus SO 77 nommal amount of
      730 words
    • 174 18 fiannj Date YMr Qnm$ pre-tax Itot Mraiags traw aaa to pr*fit/W»s (L) pmr start «vMm4 COM) (caste) Tasek Cement Aug 27 Jun 91 M$41.724($37,040) 28(24.8) 17.5(15.2) M Banking Aug 26 Jun 91 M$444.002(1370,594) 59.0(49.3) 18(20) Insas Aug 23 Jun 91 M$5,211lt($11.550t) Inter-PKifie Aug 23 Apr 91 M$131.237($100,843) 7(7.1)
      174 words
    • 644 18 fimnirr Date HaM-yMr Croup prt-Ux Interim ana to profit/lo«» (L) dhrid««d ('000) Cheung Kong Aug 28 Jun 91 52.296d(51,048d) 34(2*) CSA Hklgs Aug 28 Jun 91 53,614(51,516) Gentiws Aug 28 Jun 91 M5312,122(5219,830) 17(15) Hutchison Aug 28 Jun 91 52.935d(51,682d) 80(72) NatSteel Aug 28 Jun 91 $40.145($36.463) 8(8)
      644 words
    • 191 18 Corporation said its 75% subsidiary HFL International has panted a SSJS SSSSTto Bonds Securities Hongkong to complete., place out 50* shares and 8.05 m warrants in Winfoong Investment. Malayan Credrt Ltd plans to invest MJIOOm (S»2m) in a hve-star deluxe resort hotel with at least 400 rooms in
      191 words
    • 847 18 CwT«rt Ex Mo Data Whr TWhr payaMrt date etow payahia taa jiaar M|Hr RknSKll) 28*0) Aug 27 NYA Sep 9 28% 58* >i Hdp 50c 6*(b) Sap 4 S«p 16 Sep 30 6* 6* fc Pac Li 50c 2*(b) WIS Am 1 30 2* *m 20c 5%TE(I) Oct
      847 words
    • 279 18 Cwgg «gM» Mtai One-tor tour ¥52 00 per tfiare Ex-date U 16 Books f*wr Jul 30 Accepting t Payment Sop 10 Mb tM Four-tor-fwe a W065 per start Ex-date M 25 Books dose: Au| 8 Acceptance 4 Payment Sep 17 Hit Kjp One-tor-two fe 10 80 per share
      279 words
    • 585 18 Company Wights Imw Mb Pk Laid One-tor-two WO 65 per share Mm Tech One-tor-one >100 per share tout of $90 978m nomral amount of 3.5% Redeemable Unsecured Guaranteed Bonds 1991/96 with *****m detachable warrants on the bass of $2 nomral amount of Bonds tor every three exist** shares
      585 words
    • 373 18 Main Board Last Full Yaar Company Mod Dit« Ywr Not EFS &oo» Not mmd Mtof (cants) 6v pro* last yoar (1*000) Caraboi Interim Apr 27 Jul 91 12 6 20.<JTE(a) 38.911 Spore Land Interim May 4 Dec 91 12.6 10.0 44.6*1(1) long Mm| Interim Aug 2 Ok 91
      373 words
    • 867 18 Prices m at 29.0S.9I Conversion term frjmtmm' (iimrt) AmoMirl Qytlnif** using Company IS? Witt Start L«m C*r Ew l«th Cask CMftJuaa Mitts) «t*k rstis prico Mm $«4 W* VMM Burafl 115.2 0.160 0.670 1 00 1 00 73 4 19 30/06/94 34 ctt w V ">
      867 words
    • 426 18 QflF UMb AGM at Shangn-La Hotel, Summit Room, Valley Wing, No 22 Orange Grove Road, Singapore 1025 on Friday, Aug 30, at 9am. Ifctdocfc (S) Ltd: 22nd AGM at 182 Pandan Loop, Singapore 0512 on Tuesday, Sep 3, at 3pm. Eu Yan Sang Hokftr«s Ltd: EGM at 38
      426 words
    • 187 18 RECORD HIGHS LOWS BT Composite Index ST Industrials Index 1991 h* 1333.08 (3/6/91) 1991 *****8 1591 tar 1022.52 (16/1/91) 1991 1149 08 {16 {12i 1990 tatft 1435.43 (16/7/90) 1990 1607 12 (27 3 1990 tar 981.07 (09/11/90) 1990 1079 50 1989 H* 1322.00 (28/12/89) 1909 1487.76 12 /W 1989 tar
      187 words
  • Page 18 Advertisements

  • KUALA LUMPUR STOCK EXCHANGE
    • 875 19 Bernama SHARE PRICES in Kuala Lumpur closed higher yesterday on a technical rebound helped by sharp gains on Wall Street overnight and in Tokyo yesterday. The KLSE Composite Index climbed 10.42 points to 545.80 while the Industrial Index advanced 12.90 points to
      Bernama  -  875 words
    • 3355 19 1991 Last Vol Day Net Cap High Low Company Sale "000 High Low P/E Smil INDUSTRIALS 245 165 A1SB 50» 189 4 8 189 185 46.1 193.9 560 310 ASM 50* 408 4 169 410 406 36.4 1675.4 600 280 Acidchem 505 7 40 505 505 217.1 685 192 Ajinomoto
      3,355 words
  • Page 19 Advertisements
    • 238 19 BUSIIiESSnjOS TELEPHONE: 7 3 0-577 1/5772/5773 FAX: 734-4982 IN THE MATTER OF THE COMPANIES ACT. CAP. SO AND IN THE MATTER OF BALMORAL PARK DEVELOPMENTS (PTE.) LTD (In Members' Voluntary Liquidation) NOTICE IS HEREBY GIVEN pursuant to Section 306(1) of the Companies Act. Chapter 50. that a Final General Meeting
      238 words
    • 1000 19 IN THE MATTER OF THE COMPANIES ACT. CAP. 50 PURSUANT TO SECTION 290(2)(b) end IN THE MATTER OF ASIA COMMODITY TRADERS (PTE) LTD (MEMBERS VOLUNTARY WINDING UP) At an Extraordinary General Meeting of the above named Company duly oonvened and held at 0001 Beach Road. #12-01 12-11 Golden Mile Tower.
      1,000 words

  • TOKYO STOCK EXCHANGE
    • 2208 20 Reuter TOKYO STOCKS closed firmer yesterday. Hopes for easier credit rose on weak US GNP figures, rising bond prices, and a local land company filing for protection from creditors. Parliamentary testimony by ex-brokerage chiefs solidified the sense that the worst of the scandal
      Reuter  -  2,208 words
  • STOCK EXCHANGE OF HONGKONG
    • 1864 20 Reuter HONGKONG stocks finished easier yesterday in thin, lifeless trading focused on selected blue chips. Brokers said institutions continued their sell-oflf of trading giant Jardine Matheson on renewed concerns that it may soon delist from the Hong Kong Stock Exchange. "People are overreacting. Even
      Reuter  -  1,864 words
  • Page 20 Advertisements

  • REGIONAL STOCK MARKETS
    • Aussie stocks fall despite overseas gains
      • 874 21 THE Australian share market closed virtually even for a second day yesterday after ignoring stronger performances on offshore markets. A pessimistic outlook for corporate earnings was again cited as the main factor locking trade into current levels. "It was a disappointing day given the Dow's strong rise overnight but
        874 words
      • 692 21 BLUE CHIPS' strong gains helped push the Thai stock index up in moderate trading yesterday. "The market prospects have become brighter since share prices have been sustained at this level for some days," a broker at Ekachart Finance and Securities Co said. The SET Index ended 8.44 points (1.2
        692 words
      • 532 21 SHARE PRICES closed mixed after profit-taking in Manila yesterday following Wednesday's surge, and investors shifted interest from blue chips to cheaper mining and oil stocks on hopes that the Senate would ratify a new bases treaty. The Manila Stock Exchange Composite Index eased 1.31 points to close at 1,024.68.
        532 words
      • 874 21 SEOUL STOCKS declined little by little all day long to end lower yesterday in extremely slow and lethargic trading on a dearth of positive news. "Concerns about the increasing trade deficit surfaced again after the latest current and trade account deficit was released, discouraging investors," a Daewoo Securities broker
        874 words
      • 350 21 THE Taiwan stock index wavered narrowly before finishing slightly higher yesterday. Many dealers predicted the market will see a technical rebound soon. The weighted index ended 6.03 points higher at 4,358.95 compared with Wednesday's 4,352.92 close. Turnover was a thin NTS 15.29 billion against NTS 19.27 billion previously. Taipei
        350 words
      • 241 21 NEW ZEALAND shares disregarded another all-time closing high on Wall Street to end slightly lower yesterday with price action concentrated on stocks that either have announced or are about to announce earnings data. Overall activity was minimal with brokers citing the northern holiday period and a lack of
        241 words
      • 54 21 THE Bombay Stock Exchange (BSE) was closed yesterday to enable brokers to complete pending settlement work, the exchange said. Trading resumes today. Chi Wednesday, the BSE index rebounded 13.91 points, or 0.77 per cent, to 1,827.59. The national index gained 5.59, or 0.65 per cent, to 868.59. The Jakarta
        54 words
      • 894 21 Close Previous Aug 29 AUSTRALIA All Ordinaries Index 1538.3 '540.9 -2.6 All Industrials Index 2352.2 2359.0 -6.8 All Resources Index 913.0 912.6 +0.4 Turnover (million) 144.3 71-1 +73 BANGKOK SET Index 693.21 684.77 +8.44 Turnover (billion bahl) 2.59 3.50 -0.91 JAKARTA Composite Index unav 313.93 MANILA Composite Index l,0 2L?2
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  • Page 21 Advertisements

  • WORLD STOCK MARKETS
    • Dow hits new high on interest rate hopes
      • Article, Illustration
        1456 22 US STOCK PRICES jumped sharply on Wednesday, with the Dow Jones Industrial Average surging past the record it set last week. Traders were cheered by what they saw as a growing prospect of declining interest rates in the wake of new government economic data. After slipping 14 points
        1,456 words
      • Article, Illustration
        896 22 DOUBTS about the strength of economic recovery pruned back early gains on the London Stock Exchange on Wednesday, but the market still closed slightly higher. The blue-chip Financial Times Stock Exchange 100-Share Index, which fell 20.9 points on Tuesday, closed 4.4 points higher at 2,624.2 on Wednesday. The narrower
        896 words
      • 199 22 GERMAN shares closed with slim gains after a batch of mixed corporate reports and indications that inflation was slowing in Germany at least temporarily. Chemical majors ended slightly higher, after Bayer kicked off the firsthalf reporting season with a slight decline in group net profit which was better than
        199 words
      • 255 22 A CLUTCH of first-half results failed to generate momentum on the Amsterdam bourse on Wednesday though the market closed marginally higher. "This market has neither volume nor ideas," said a trader at Amsterdamse Commissairs Combinatie. The CBS Tendency Index of 40 major stocks ended at 91.3, up 0.1 points
        255 words
      • 163 22 FRENCH share prices ended virtually unchanged as modest profit-taking offset targeted buying in a handful of blue chips. The CAC-40 blue-chip index ended up 2.16 points or 0.12 per cent to 1,851.83 on volume of about two billion francs. Since its rise on Monday the gauge has fluctuated in
        163 words
      • 147 22 BUSINESS on the Milan bourse dwindled to a trickle as investors stayed away fearing the effects of an alleged 8 5-billion-lire stock fraud. Brokers estimated that turnover was even lower than Tuesday's 53 billion lire, no more than a third of a reasonable day's turnover. "People are scared (the
        147 words
      • 230 22 SWISS SHARES closed stronger as good demand for chemical group CibaGeigy led the market higher. Dealers said trading in other sectors was moderate and gains remained limited as interest rate worries dampened sentiment especially in banks and insurers. The All-Share SPI Index closed 4.5 points higher at 1,113.3, about
        230 words
      • 124 22 BELGIAN shares closed slightly lower in thin trading with oil major Petrofina accounting for almost one third of the day's trading volume. The BEL 20 Index of leading shares closed 0.32 per cent lower at 1,120.40 with 473 million francs worth of Belgian shares traded. Brussels Aug 28 Francs
        124 words
      • 343 22 LEADING share prices posted moderate gains in Johannesburg on Wednesday as investor interest trickled back into the market after two day's of slack trading. The JSE All-Share Index rallied to a dose of 3,394 from Tuesday's 3,371 finish, helped by a rise in the Industrial Index to 4,119 from
        343 words
      • 254 22 NARROW-RANGE trading continued as Toronto stocks fluctuated within a five-point span during the day to end unchanged. "It's still looking like we're in this sideway trend," said Don Vialoux, vicepresident of research with Richardson Greenshields of Canada. The TSE-300 Composite Index closed near the day's high, up 3.96 at
        254 words
      • 124 22 Aug 28 Clote Previous NEW YORK Dow Jones 3,055.23 3,026.16 +29.07 S P 400 Midcap 131.98 131.07 +0.91 SAP 500 396.64 393.06 3.58 Turnover (million) 172.0 143.9 +28.1 LONDON Financial Times 30 2,053.9 2,050.0 3.9 FTSE 100 2,624.2 2,619.8 +4.4 Turnover (million) 507.3 318.2 +189.1 FRANKFURT DAX Index 1.647.50 1,647.12
        124 words
  • Page 22 Advertisements

  • CURRENCY, MONEY & FUTURES MARKETS
    • 1162 23 reports ASIA Tokyo: The dollar erased early gains in late Asian trade yesterday after meeting light selling out of Europe. "European traders tested the upside first but couldn't attract any buying interest so they decided to test the downside,"
      1,162 words
    • 388 23 Cross rates Aug 29 USS SS MS Dm Yen SFr A$ NZ$ USS 1.7200 2.7830 1.7405 156.75 0.5926 1.5190 1.2755 1.7391 SS 0.5814 1.6180 1.0119 0.7951 0.3445 0.8831 0.7416 1.0111 M$ 0.3593 61.80 0.6254 0.4914 0.2129 0.5458 0.4583 0.6249 Dm 0.5745 0.9882 1.5990 78.57 0.3405 0.8727 0.7328
      388 words
    • 529 23 Interbank rates S$ Bid Offer Overnight 5 3/8 5 1/2 1-month 5 3/16 5 5/16 2-month S 3/16 5 5/16 3-month 5 3/16 5 5/16 Overnight mode: 5-3/8 L'SS Bid Offer 7 days 5 5/8 5 3/4 1 month 5 11/16 5 13/16 2 months 5 5/8 5
      529 words
    • 370 23 Reuter TOKYO Weary of trying to eke out higher foreign exchange revenue amid static dollar/yen trade, Japanese banks are looking to the mark and derivative products to take up the slack, bank managers say. "Forex revenue will show decreases because the yen has
      Reuter  -  370 words
    • 370 23 Reuter AUCKLAND The board of the New Zealand Futures and Options Exchange still recommends the proposed bid for the company from the London Futures and Options Exchange (FOX) despite a late offer from the Sydney Futures Exchange on Wednesday, NZFOE managing director Len Ward
      Reuter  -  370 words
    • 1102 23 SIMEX nmniM Open High Low Sett Est Vol Op/Int Vol Sep 91 94.32 9434 94J2 94J3 19W ***** 1740 Dec 91 94.11 94.11 94.08 94.10 ***** ***** ***** Mar 92 94.12 94.13 94.10 94.12 3620 ***** 3260 Jun 92 93.79 93.83 93.79 93.82 1785 2294 800 Sep 92
      1,102 words
  • Page 23 Advertisements

  • COMMODITIES
    • 404 24 Crisis in the Soviet Union Reuter NEW YORK The dismantling of the Soviet Union, one of the world's largest gold producers, will probably spark more gold sales as the fledgling independent republics strive for economic stability, analysts say. Most industry sources say it
      Reuter  -  404 words
    • 306 24 Reuter NEW YORK The breakup of the Soviet Union will hurt sugar prices because breakaway republics lack the hard currency needed to import and Cuban sugar previously absorbed under protocol agreements will make its way onto the world market, traders said.
      Reuter  -  306 words
    • 835 24 REPORTS Bernama THE PRICE of tin closed one sen lower at MS 15.15 per kg on the Kuala Lumpur Tin Market yesterday despite a US$5 rise on the London Metal Exchange overnight. Dealers said there was little interest on the KLTM
      Bernama  -  835 words
  • 1345 24 Rubber Aug 29 Noon Cloae Int 1 RSS Prompt Int t RSS Sep 91 Int 1 RSS Oct Int 2 RSS OP Int 3 RSS OP Int 4 RSS OP Int 5 RSS OP 139 00/140 .OON 139.00/140.00 140.00/140. SO 137.50/139. SON 136.50/138. SON 132.00/ I34.00N 128.00/I30.00N 139.00/140.00N 139.00/140.00
    1,345 words
  • Page 24 Advertisements
    • 1115 24 BUSINESS TIMES TELEPHONE: 730-5771/5772/5773 FAX: 734-4982 R1 Bank BumiDflya U5570,000,000 Floating Rat* Notes due 1995 acting through its Cayman Islands Branch In accordance with the provision of the Notes, notice is hereby given that for the interest period from 30 August 1991 to 28 February 1992 the interest rates and
      1,115 words
    • 9 24 Managers Must Manage BT shows you how every Monday.
      9 words

  • 1113 25 CKy Fjgfct ETA Figt ETD Ma MaM GA970 2245 GA976 2310 MllaHl B742 1815 RJ182 1400 tortrtw KL837 1255 SQ24 0100 SQ23 1815 KL838 2240 ktitmn 0A471 2355 NZ35 1550 SQ325 2115 SQ338 2030 NZ36 2330 BA12 2200 Ba*4ar Sari SQ181 1410 SQ182 0915 iwHtiih QF62
    1,113 words
  • THE TRAVEL PAGE
    • 672 25  -  LETTER FROM CALIFORNIA By Elisabeth Dunham The restaurant that changed the way Americans eat turns 20 this weekend. Prices are not what they were at Chez Panisse, but Alice Waters' philosophy behind the fare remains the same: simplicity and quality. The high priestess of
      672 words
    • 151 25 As at 3pm yesterday: Local dollars to one unit of foreign currency Currencies Bid Offer Australian dollar 1.3431 1.3546 Canadian dollar 1.4905 1.5133 NZ dollar 0.9777 0.9926 Sterling pound 2.8924 2.9171 US dollar 1.7165 1.7205 Local dollars to 100 units of foreign currency Austrian schilling 13.92 14.13
      151 words
    • 78 25 Duration Title Venue Organiser Tel Duration Title Venue Organiser Td Aug 20-31 Izmir Turkey Izmir Fair *****150 Sep 4-7 Cattle Asia "91 Bangkok Conference *****66 International Organisation Intl Beef Exhibition Fair Dairy Cattle Management Sep 1-4 International Netherlands IConinklijke *****5591 Equipment Services Furniture Fair Nederlandse Technology Pie
      78 words
  • Page 25 Advertisements
    • 40 25 When it comes to flying to Munich, no other airline comes Klaus to Finnair. Because Finnair flies twice-weekly from Singapore direct to Helsinki then onto over 30 European destinations. Call *****77 for details. We know Europe from start to Finnish.
      40 words
    • 315 25 Housing Developers' Association Malaysia presents A TWO-DAY NATIONAL HOUSING CONFERENCE on Venue: Saujana Ballroom, Hyatt Saujana Hotel Country Club, Subang Date 16th &17 Sept 1991 Monday Tuesday OFFICIAL OPENING BY: CLOSING ADDRESS BY: YAB ENCIK ABDUL GHAFAR BIN BAB A YB DR TING CHEW PEH Deputy Prime Minister of Malaysia
      315 words
  • Page 25 Miscellaneous
    • 307 25 1 Opening for a sailor (8) U 5 These days accom- -JB. modating over a present- 3 I I I I I able youth (6) 9 Turning round, got I^l^ feature (6) LbJ ■HlliH HH 12 A bird that changes JU JHI song? (9) I 13 Precise demand (5) have
      307 words
    • 214 25 Singapore Outlook: Showers over a few areas in the late morning and early afternoon. Report Maximum temperature 31.4* C Assoc humidity 75% Minimum temperature 26.9 Assoc humidity 88% Hours of sunshine 2.30 Rainfall in mm Nil Rainfall this month 226.2 Rainy days this month 10 World report Asia-Pacific Hi/Lo* Cond.
      214 words
    • 51 25 Tnov dill picx uP SHRWP BOAT Fvr SnuGGULR S C©V€. PT 4 7" TjTvjN lobster par bay- onto -me. trau>uoß starfish "and mead r J H FOR tv*. lighthouse.. ruese vou will &O*RD -me F»sh«NG \PSTwS Sf*>PCX LORELEI" PvND JUMP OfF QUICKuy MIT v QtVtL'S R0CK....... basvTT EVE GST COLTOI
      51 words

  • 493 26 More corporate crises feared Reuter TOKYO Japanese property firm Maruko Inc filed for court protection from creditors and analysts say this could herald more corporate crises in Japan later this year. In what would mark the fifth biggest corporate failure in the post-war Japanese
    Reuter  -  493 words
  • 400 26 Reuter PATTAYA Cambodian peace talks ended yesterday with only the question of the post-war electoral system undecided, Prince Norodom Sihanouk said. "The position of each side remains very firm, very uncompromising," said the former monarch, who chaired the talks between the Phnom Penh
    Reuter  -  400 words
  • 203 26 Reuter COLOMBO Sri Lankan President Ranasinghe Premadasa, facing impeachment by a group of opposition and government members of parliament, said yesterday that he would allow the law to take its course. "A resolution has been submitted to impeach
    Reuter  -  203 words
  • 252 26  -  By Dexter Lee SINGAPORE After a delay of nearly two years, Singapore has finally bought a satellite-aided search and rescue system. The Marine Department and the Civil Aviation Authority of Singapore, the organisations responsible for sea and air search and rescue operations respectively in
    252 words
  • 358 26 Ministry asking for more funds to do so in its budget request Reuter TOKYO The Ministry of International Trade and Industry (Miti) has announced it would seek more funds to encourage imports and promote foreign investment in Japan in its budget request for fiscal
    Reuter  -  358 words
  • 214 26  -  By Magdalene Phang SINGAPORE Rig builder Far East Levingston Shipbuilding yesterday delivered the US$lOO million (SSI7I million) Galaxy I to its owner Santa Fe International Corporation of the US. Billed as the "world's most capable harsh environment jack-up oil rig", the
    214 words
  • 262 26  -  By Lilian Ang SINGAPORE US-based Arco Chemical, which officially opened its US$l4 million (Ss24 million) regional technical centre yesterday, has decided to postpone plans for further investments in the Asia-Pacific region because of the current industry slowdown. Mr Alan Hirsig, president and chief executive
    262 words
  • 176 26 Reuter SINGAPORE Planned partial shutdown by Exxon Corp's Esso Singapore Pte Ltd and Singapore Refining Co Pte Ltd (SRC) in September will cut total local industry throughput by about 140,000 barrels per day (bpd), industry sources say. SRC will shut from Sep 7
    Reuter  -  176 words
  • 138 26 AFP SEOUL Mexico, Chile and Peru renewed yesterday their petition to join the Asia-Pacific Economic Cooperation (Apcc) forum, saying the entrance of China and Taiwan should open the way for the three Latin-American countries. China, Taiwan and Hongkong, dubbed the "three Chinas,"
    AFP  -  138 words
  • Page 26 Advertisements
    • 82 26 Nikonl The World's Finest Photographic Systems A CANADIAN EDUCATION IN SINGAPORE from Grade 9 to OAC Level Canadian Overseas College is fully-accredited by the Ministry of Education in Ontario, Canada and is registered with the Ministry of Education, Singapore. The School is fuliy staffed by certified Canadian teachers. Canadian Overseas
      82 words
    • 121 26 Nikon The World's Finest Photographic Systems ifir3:: Itii* """5m JJ" 11'' I 11 1I 2 Thoifcatt ?W SVf «^wr 1025 A total of twelve units of V 4. and Club-size pool, sauna steambath "> bedroom apartments Superb location, next to prestigious Fanglin large living and dining rooms, ideal (or Club
      121 words

  • SHIPPING TIMES
    • 405 27  -  By Magdalene Phang SINGAPORE Encouraged by the success of its initial foray into the SingaporeMadras trade sector, Dubaibased Orient Express Lines (OEL) will add another ship on this route. The new vessel, the Orient Express, which will begin operating to Madras on
      405 words
    • 250 27 SINGAPORE Homegrown Hua Feng Ocean Engineering has completed its first salvage job the refloating of livestock carrier Condor from the depths of the Eastern Anchorage. The Condor sank after colliding with Japanese tanker La Plata Maru on Aug 18 last year. The salvage job follows a Port
      250 words
    • 284 27  -  By Dexter Lee SINGAPORE The five member lines of the Safari consortium, which plies between the Far East and South Africa, have agreed to extend their partnership for another five years from Jan 1 next year. This was disclosed in a statement
      284 words
    • 1222 27 Page Col ABC Containerline 12 1 Accord Group 8 1-3 Aeropak 16 2 AFS 15 2 Ahrenkiel Liner 16 4 Allied-Link 16 4/5 Anglo Orient 16 1/2 ANL 3 1/2 •APL 5 3 A.P.C. Lines 13 5 A cWarehousing 15 4 Arrow Int 9 4 Asian Break-Bulk
      1,222 words
    • 492 27  -  By Magdalene Phang SINGAPORE Borneo Shipping, an Inchcape group member, beat 11 other local agents to clinch a deal to rep-' resent the port of Los Angeles in the Asean region. Mr KC Tan, who was appointed by Borneo Shipping to act
      492 words
    • 179 27 Reuter CHICAGO USAir Group Inc said on Wednesday it is in talks with Continental Airlines but declined to say whether the two might be considering a merger. "We sent a message to employees yesterday," Said USAir spokesman David Shipley, who characterised the talks as
      Reuter  -  179 words
    • NEWS SUMMARY
    • LOG BOOK
      • 133 28 PANAMA CITY The amount of cargo and ship arrivals registered at Panamanian ports increased during the first seven months this year, the La Prensa newspaper reported on Wednesday. In the period from January to July, Panamanian ports registered a total of 1.63 million tonnes,
        133 words
      • 64 28 FORT WORTH, Texas Burlington Northern Inc's Burlington Northern Railroad said on Wednesday that it reached agreement with the United Transportation Union on new "crew-consist" provisions covering the southern two-thirds of the railroad. The agreement is subject to ratification by the union's membership, and details will
        64 words
      • 74 28 WASHINGTON Altamont Gas Transmission Co, a consortium of Tenneco Inc, Amoco Corp's Canada unit, and Entech Inc, said yesterday that the US Federal Energy Regulatory Commission approved construction of a pipeline to transport Canadian natural gas. Altamont said it will build the 30-inch (76 cm)
        74 words
      • 61 28 LONDON The Coast Guard on Wednesday reported an oil slick in the River Mersey, between Salisbury Dock and Langton Dock, about 1.25 nautical miles long and 150 metres wide, Lloyds Shipping Intelligence Service said. Rescue services said the oil outflow, from an underwater source, had
        61 words
      • 92 28 SAN FRANCISCO A 183-metre ship that burned off the California coast as it headed for Japan with a load of zinc and lead powder was towed into San Francisco Bay, the US Coast Guard said on Wednesday. Two crewmen on the vessel, the Sea Architect, were
        92 words
      • 79 28 HONOLULU HAL Inc said on Wednesday that shareholders approved a financial restructuring under which NWA Inc's Northwest Airlines buys a 25 per cent stake in the airline company. Under the restructuring, Security Pacific National Bank, the company's primary lender, exchanges more than US$55 million (5594.7
        79 words
    • 1063 28 FREIGHT rates for Capesize vessels on Wednesday continued to recover due to strong demand for ore and coal in the autumn and limited supply in this particular size class, dry cargo brokers said. As the Baltic Freight Index rose five points to 1,526 all but one Capesize route
      1,063 words
    • 1788 28  -  A new wave of electronic fraud has saddled US corporations with phone bills that run into thousands of dollars, reports Edmund Andrews Edmund Andrews NYT A GROWING epidemic of telephone fraud is leaving companies and other organisations with bills for hundreds of thousands of dollars
      NYT  -  1,788 words
    • 586 28 Carbon Aug 26 DcrnityMater Residue Art Wumwum Sodroent M/M Exxon KG/M*31 V/V M/M M/M PPM method tSO/Omac Mti~ Spec E25 99lTo OlO 30* 0 10* Spec 635 ***** 18 0 0 15 30* 010* Northern Eirop* 180 Ave 9810 3 12 7 0 06 6 0
      586 words
    • 12120 36 This is a list of ships loading e at Singapore for ports around the world. It tabulates, by destination, the name of the 5 ship, the shipping line in- volved and the estimated a dates of arrival and departure k from the Port of Singapore. Advanced dates
      12,120 words
    • SHIPS IN PORT
      • 666 43 in* Hi Berth jnW Pgartgi Marina TtfTniuJ 1 BatamMaiu *****1 M05 alongside 29 08/2300 Batam Sayang *****1 M04 alongside 2908/2300 Brastag 1 34/91 M02 atongsxle 30.08/2300 Garuda G14 M04 alongside 2908/2300 Hamdah 20/91 M02 alongside 29 08/2300 Hbgyvng 162 1/91 M04 alongside 29 08/2100 Johan 3 309A91
        666 words
      • 872 43 RECEIVING OF EXPORT FCL CONTAINERS AND LCL CARGO Record Booknj/Batance Rsfts Slip Voy No Etb/Btr Period From To From Ag uy 14B 30/1*00 1 29/1500 29/1659 29/1900 Ad Goncharov ***** 31/1100 2 29/1700 30/0659 30/0900 4 30/1200 30/1459 30/1700 9108 01/0700 1 29/1500 29/1659 29/1900 2 29/1700 30/0659
        872 words
    • 378 44 Reuter NEW YORK The driver of a speeding Manhattan subway train that jumped its tracks on Wednesday, killing five people and injuring about 150, had a high level of alcohol in his blood, New York police sources said. Police had earlier
      Reuter  -  378 words
    • 106 44 Reuter HAMILTON, Bermuda An American Airlines jet made an emergency landing in Bermuda on Wednesday after an air pocket sent the plane plunging 350 metres, injuring about 30 people, passengers said. About 170 people were aboard flight 1473 from New York's Kennedy airport to San Juan,
      Reuter  -  106 words
    • 166 44 AP WASHINGTON Alaska and the federal government reached a new agreement on Wednesday on how to divide any damage award from the nation's largest oil spill. The pact, which will allow continued cooperation in prosecuting Exxon for 1989's 40 million litre
      AP  -  166 words
    • 293 44 AP LONDON The Soviet Union, freed from the shackles of communism, is likely to emerge as a force in the international aircraft industry, an expert with the respected Jane's Information Group said on Wednesday. "It is strange to see the all-powerful, entrenched Soviet
      AP  -  293 words
    • 154 44 Reuter BOGOTA, Colombia Colombia's Civil Aviation Department said on Wednesday a US military aircraft was to blame for a near collision with a Colombian airliner. Colombian authorities also disclosed that US military planes have been involved in surveillance flights over south-western Colombia, seeking clandestine
      Reuter  -  154 words
  • Page 27 Advertisements
    • 22 27 Line* and services represented by Members of the Registry ef Accredited Singapore National Shiphot advertising enquiries, contact Shipping I intes: lel 7ii)-2Q.W/?40-?.tm
      22 words
    • 292 27 SSWEE HENG METAL CO PTE LTD 13. TUAS AVE 14 S4WGAPO«£ 22M. TELEX R3 20«7i SMMC«. TEL: Ml M3S(SknM| TELIMI: »1 M»«n®»Ol StXJKMXTK* m rass wfttll IlUi l l El»c*K tartd* ■09 iilnum m« hbb Tcrqu* MALAYSIA Commtm IHAMjM* WOWMA OtaMt ALPO rim Iff n*i 5 ConUHMf nW SliM fin
      292 words
    • 31 27 Container Schedule 11 Daily Frwghts 2 Index to Advertiser? 1 Sf*ppmg Guide 10.11 Ships n Port I? Singapore Tides 17 Transport ftarj 3 Veritas Report 2 Weather and Sea Conditions 17
      31 words

  • Page 28 Advertisements
    • 85 28 Bto all our valued customers DASA LINES (P.T. DAMAR SEGARA AGUNG LINES) ji are pleased to announce that with effect from Ist September 1991 our agents in Singapore j will be EVERSTAR SHIPPING CO. (PTE) LTD jj 133 North Bridge Road #17-01/02 Chinatown Point, Singapore 0105. Tel: *****88 Fax: *****16/*****66
      85 words

  • Page 29 Advertisements
    • 2320 29 m OOCL (S) PTE LTD JARDINE SHIPPING AGENCIES %l|V## TEL: *****11 FAX *****09 All IWW BOOKINGS TEL *****34 *****68 IFBOOiiI TEHMINAUCFS TEL: *****18-220 I CWvQ 1 PESAKA JARDINE SHIPPING AGENCIES SON. BHD A PORT KELANG TEL: *****18 FAX *****91/*****88 KVM PENANG TEL: *****4 FAX: *****1 CFS TEL: *****6 ■VVBTCPVPI Dedicated
      2,320 words
    • 2021 29 TRANSPORT DIARY Sepl 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 12-13: Seminar on Shipbroking and Chartering II Terms, Negotiation and Fixing, organised by Facs World at Carlton Hotel. Sepl 14-18:
      2,021 words
    • 1557 29 pQEHuaaaaa TWO SAILINGS TO HONG KONG JAPAN Marie Maersk V9lOB eta Sin 3/9/91 Laust Maersk V9llO eta Sin 2/9/91 Vmmi Voy ETA 1 ETC FeeOer by 1 DESTINATIONS Singapore Merkur Delta to TNa week Maria Maerak 9106 jKQ^CS o/q (vv)C hRS Port HIH I^HI CFS 2/9 2359 HRS Keiang Penang
      1,557 words

  • Page 30 Advertisements
    • 1112 30 ROTTEDAM/I VOY NO S PORE SOUTHAMPTON HAMBURG ANTWERP LE HAVRE THAMES 07/334 1/9 18/9 20/9 23/9 24/9 UPHU LA SEINE 20/135 5/9 28/9 24/9 23/9 |Mn BREMEN EXPRESS 04/335 8/9 25/9 27/9 30/9 1/10 HONGKONG EXPRESS 03/136 12/9 5/10 1/10 30/9 t KAGA 20/338 15/9 2/10 4/10 7/10 8/10 KURAMA
      1,112 words
    • 706 30 BEABPAC SERVICE DBECT SOUTH PACIFIC SERVICE SIN NOU SUV PPT IS LA FLOREANA 2509E8 4/0 19/9 22/0 27/0 ALSO ACCEPTING CARGO VIA SUVA TO: LAUTOKA. PAGO PAGO. APIA t NUKUALOAFA DWECT CHILE/ SOUTH AMERICAN SERVICE SIN lOQ ANF VAP CLX ISLA FLOREANA 2509E8 4/0 10/10 11/10 18/10 17/10 ALSO ACCEPTING
      706 words
    • 1614 30 i El smut aggffi mmmm. REGULAR INDEPENDENT FULL CONTAINER SERVICE wC§Tß6und F6h eUROPE VSI/VOY SM ALG BCL HAM BK ROT AKT FEL LHA (VU (VIA (VIA AL6) HAM) ROT) CHINA SEA 125* 05/09 27/09 29/09 02/10 04/10 04/10 05/10 05/10 06/10 NORASIA SMGA 9126-3 08/09 30/09 02/10 05/10 06/10 OS/10
      1,614 words

  • Page 31 Advertisements
    • 1995 31 ~gSteomers Maritime Holdings Ltd P&O "Jg JH STRAITS SHIPPINGI Containersi M tay No K% H'Koni #PW Sport klj Sou Ant Rot Hb( ACttfJi DUE SAIS LARS MAERSK *110 25/00 20/00 25/00 JO/0* 12/00 15/00 10/0P 10/00 CARGO KOmclON MY 0552 21/01 25/01 Jl/Oi 17/0# 10/00 21/0# Ba«TANG BEL AIT Vl3€
      1,995 words
    • 2048 31 TO: U.S.A-/PANAMA FM: U.S.A./PANAMA ,-n. u nu IM CM FM MV NOR NTC KHIVOY NYC NOR M» OM rjMYtM! wrrt»T niu U7T 1575 —i77> t/ll 11/ IS 12/1« 13/10 IVI4 MUM It WTO* Ml» 11/1 W1 *1/7 »/1 4/0 E M m 2/10 4/10 11/10 10/10 20/10 22/10 NUMN ICMTOR
      2,048 words
    • 339 31 STRAITS/ JAPAN/ STRAITS SERVICE LOADING FOR BANGKOK/ V6k6fIAMA TRONO V7B ETA STORE IN PT ETA BANGKOK 31/8/91 ETA YOKOHAMA 10/9/91 LOADING FOB TOKYO/YOKOHAMA I COSMIC PIONEER Vl6 ETA SPORE 4/9/91 ETA PK 6/9/91 ETA TOKYO 20/9/91 ETA YOKOHAMA 22/9/91 IMLintermaritime SOUTHERN AFRICA SERVICE DIRECT MONTHLY SAILINGS KK SPORE PK PI
      339 words

  • Page 32 Advertisements
    • 589 32 MSiilil CR NBR **********0-0 EXPRESS SEMI-CONTAINERSNIP SERVICE TO EUROPE m/VOY ISTOK MMM/MMM H'BUDG BREMEN WHOP KUTAI/ ?3W6 1/9 9/11 15/10 19/10 22/10 MATMMI/30WB 7/10 1/11 14/11 11/11 21/11 FAST TRANSIT TIME ACCEPTING BREAKBULK/CONTAINERISED CARGO Subject to Mucmmal Atao •OMftftof cargo to CaMblanca, Port SaM, Port Alexandria. Qonoa. Trtooto. ALSO ACCEPTING
      589 words
    • 1056 32 I >1. >C/ HANJIN SHIPPING In-— I.™ KTM AM HAM MV m i FmW Wt IVK LINE HAU. LGB OAK I uamum nam urn AUW 5 W To TTo 55Tq sr /q HANJM VANCOUVE* 006E 31/1 ORECT 23/9 28/» 3/9 19/9 20/9 21/9 21/9 22/9 23/9 MSf 3/9 EU2ABETH 001E
      1,056 words
    • 1250 32 —j I i—i a ad 1 k M 1 1 B .1 1 fSpigT! J 1 jTßyftl il*■-r MB i I Nl KP tM Ut lit U iT OK NET 18 fTD LAI OM M HTC UK MM MM W MC W CM M ■c sum Kim n/i v* i/i
      1,250 words

  • Page 33 Advertisements
    • 1699 33 NEPTUNE AGENCIES PTE LTD SINGAPORE TEL *****77 (CR NO: **********0E) V BOOKINGS: NEPTUNELINKTEL *****00 USA SERVICE *****16 TERMINAL OFFICE *****22 UK/EUROPE SERVICE *****19 DOCUMENTATION DEPT: *****44/*****14 AfiL AUST/INDIW SERVICE: *****18 CFS K27 EXPORT *****5^202b04 FAR EAST SERVICE *****48 CFS K27 IMPORT *****69^*****50 K MO3) E Kelang-(03) *****87. Penang-(04) *****0. J.Bahru-(07)
      1,699 words
    • 1012 33 &SINSOV 1 SINGAPORE SOVIET SHIPPING CO PRIVATE LTD BOOKMG: *****51/ *****64/ *****59 (FESCO LINE) ENQUKIES: *****33 MARINE INSURANCE SERVICE: *****87/ *****(7 KL: 03-*****75/697 PORT KEIANG: *****43/ *****40 PENANG: *****4/ *****8 JOHORE BAHRU: *****1/ *****1 (REGULAR INDEPENDENT SERVjCE) j v %11A I nl ft! fl I I FULL CONTAINERSHIP SERVICES EASTKMO—OBCHOOGWG
      1,012 words

  • Page 34 Advertisements
    • 1618 34 K** iv ICR No: **********0 M) V W VVI AS AGENTS: KAWABAKI SINGAPORE (PTE) LTD I W li 1 TEL: *****77 TELEX: KAWAKI R*****5 FAX: *****07/8/9 UV I W*J MALAYSIA: "K" LINE MARITIME (MALAYSIA) SDN BHD TEL: SA *****00 PK *****01/5 PENANG *****5 JB *****1. KAWASAKI KISEN KAISHA, LTD Indonesia:
      1,618 words
    • 1197 34 PHILI-OMCNT UN€S PT€ LTD r r 108 Robinson Road #07-00 GMG Building Singapore 0106 T»l: *****22/*****69/*****00 Talax: RS ***** PHILI FAX: *****76/*****38 BY AIR, LAND OR SEA.... WE TAKE ON THE WORLD FOR YOU jm. QgjO MEMBER OF SINGAPORE FREIGHT FORWARDERS ASSOCIATION 3 SEP MONTREAL, OTTAWA, TORONTO, 5 SEP OUBAI,
      1,197 words

  • Page 35 Advertisements
    • 1538 35 5233?^®MM pacific international lines (PTE) ltd g mmmmrn fg P)L Building, 140 Cecil Street #0300, Singapore 0106; I IBANGKOK J VESSEL VOY SIN JKT SIN JESMI L VOV SIN BKK SJN BUNQA TERATAI 353 1/t 3/9 6/9 JENLINK UN 2/9 3/9 9/9 EDEN 361 3/9 5/9 10/9 PEGASUS PROGRESS M2N
      1,538 words
    • 1161 35 fBEN LINE CONTAINERS LTD A I 200 Cantonment Road Tel: *****22 I #13-05 Southpoint Fax: *****63 I Singapore 0208. Telex: RS ***** i EXPRESS CONTAINER SERVICE TO UK/CONTINENT VESSEL VOY NOS SPORE LEHAVRE ROTTERDAM S'HAMPTON HAMBURG GOTHENBURG FRANCE HOLLAND UK GERMANY/SCAN SWEDEN Bunga Pefrrai" 290 In Pt 14/9 15/9 17/9
      1,161 words
    • 533 35 iggb MYANMA \pßßk FIVE STAR LINE (Myanmar National Una) Loading for Yangon (Rangoon) Spore P.KIf P»n P.Gdf MYOMAYWA VIMM S«M S*kd In ft PMYA VII6W UM 3/5 S«p m Pt AVA VIIOW 8/7 Up HP* AN VIS7W 15/17 Sap PAGAN VI7SW 21/23 S*p 'sg> THE BANK UNI (A Mnrica of
      533 words



  • Page 38 Advertisements
    • 713 38 TO AUSTRALIA/NEW ZEALAND [~wi Tiki Frwn llMb Syd Uuck INK If CHALM ■una 277 10/J l«/» 23/9 2775 3/10 5/10 6/10 C. WKOikK 271 2VJ 2/10 7/10 12/10 If/10 22/10 ANTWERPfN 279 19/10 27/10 1/U 5/11 10/11 12/11 13/11 MARTHA I2U 14/11 21/11 26/11 1/12 7/12 J/12 10/12 TO USA/CANADA
      713 words
    • 882 38 EXPORTS TO HONGKONG, TAIWAN 4 JAPAN "TWICE WEEKLY" MALACCA STRAITS SERVICE OUTBOUND VOY PKL PEN )KT SIN MWL HK6 K*o Kg TTO HK NGO KO» II VtSSEL VOY~ SIN PKI FtH 1W «W ACX LOTUS 168 "301 29 8 39 7.8 8 8 13.9 148 11.8 IS 8 TW CHOtUS
      882 words
    • 213 38 PERUSAHAAN PELAYARANj W? KALIMANTAN DIRECT WEEKLY SERVICE TO JAKARTA/TG. PRIOK Vessel ETA/ETD DESTINATION NIAGA 42 Voy 14/91 29/30 Au| Jakarta Palembanj NIAGA XXI Voy 19/91 2/3 Sep Jakarta/Palembani i NIAGA XXI Voy 20/91 5/6 Sep Jakarta/PaJembanf I NIAGA 42 Voy 15/91 9/10 Sep Jakarta/Palembam NIAGA XXI Voy 20/91 12/13 Sep
      213 words
    • 1430 38 flea taisW H a J l CHINA OCEAN SHIPPING COMPANY w full container unee service mums worn: SHGAPOKES GENERAL AGENTS M smsmmp PTE ITO K—t IoT SKKi W gag/ft* m-mjm j gg.*m GUAN GUAN SHIPPING SDN BHD CR NO U*****0000M J£ U* 3 l 111/14 P KLWtG TEL: 36W206/7, *****55
      1,430 words

  • Page 39 Advertisements
    • 511 39 GUARANTEED CONSOL TO:KEELUNG/KAOHSRJNG 5.9.91 HONG KONG 5.9.91 BUSAN 5.9.91 BANGKOK 4.9.91 EUROPE 7.9.91 TOKYO/KOBE/YOKOHAMA 8-9.91 USA 10-9.91 AUCKLANO 12.9.91 FREMANTLE 11.9.91 SYDNEY/MELBOURNE 6.9.91 FOR BOOKING PLEABE CALL AT OUR HOTLINE 538-0155 8 LINES) FAX: *****92 PLEAS! CONTACT CAJNC TAN, KATHLYN TAY, SOPHIA BAY OR KAMH SIM FAST DRECT REGULAR SERVICE
      511 words
    • 487 39 (SI RICHFIELD MARINE AGENCIES (S) PTE LTD St TEL: *****33 (12 UIMS) =1 FAX: *****15/*****03 p TELEX: RS ***** RISHIP (3 Lln«s) ETHIOPIAN WW UB (National Lines of Ethiopia) ACCEPTING FCL AND CONVENTIONAL VESSEL |VOY ETA LOADING FOB SPORE ANDINET 24W8 In Pt DARESSALAAM MOMBASA, DJIBOUTI ASSAB MASSAWA ABYOT 25W8
      487 words
    • 710 39 SEAWARD SHIPPING AND TRADING CO (SI PTE LTD ETA ET* ETA STORE PORT KEI AUG PENANG |/9 Pnrt Loading for Male fvX Mih HUDHU 10/9 Loading (or Calcutta OOUHN 12/, Loading For Mate MOW* SUPREME U/J Loading For Malt DOMKUU4 15/J Loaded For Fehwaru PROGRESS ÜBHTY 20/9 Loading for Maldives
      710 words
    • 820 39 NANA BHUM IOtS 31/S 3/9 MAM BHUM# 72N Swi I/» W* DASA t (4 4/9 7/9 CHAIYA MUM#* 2IN Sun 1/9 Wad 4/9 wana mm 107* 7/9 u/» nanta bhum wi tw s/9 Sun t/» MSA 11/» U/« CHAIYA BHUM# 22N Sat 7/9 Tw 10/S SURABAYA maha bhum# ?jn sm
      820 words

  • Page 40 Advertisements
    • 1317 40 MAC-NELS S'PORE IMPORT: *****02 I PENANG: (04) *****6 J. BAHRU: (07) *****2 Kit (088) *****0 MEDAN: (061)*****2 P.KELANG: (03) *****77 JAKARTA: (21) *****32 KUCHING: (082) *****3 SURABAYA:(3I) *****0 T I COLOMBO'S. AFRICA I PEN PK SIN PEN PK SIN Colombo 7/9 8/9 9/9 i 45 /9 6/9 7/9 ldn/Fl*/Rdm/Ant Durban/Pt
      1,317 words
    • 302 40 BLUE STAR LINE TO FROM NEW ZEALAND AND T/S TO FIJI TO AND FROM NEW ZEALAND PORTS SIN NPL ML LVT SIN PROSPECT 14S 14/9 M/ 9 WW NPI 2t/9 15/10 MANOAMA 0504 21/9 3/10 VIA MPI 5/10 22/10 PREMIER 14S 29/9 11/10 NPI 13/10 30/10 FULLY CONTAINERISED SAILINGS DISCHARGING
      302 words
    • 893 40 THONG SOON LINES PTE. LTD. 77 ROBINSON ROAD #15-00, #16-00 SIA BUILDING SINGAPORE 0106 TEL: *****88 FAX NO: *****11, *****22 WBfEm TLX: R S ***** CARRIER, RS ***** JENHOL CABLE: TOSOCO CONVENTIONAL/CONTAINER I CONTAINER SERVICES SINGAPORE TO WEST MALAYSIA SINGAPORE TO WEST MALAYSIA VESSEL Ivor leta Inn rasa wf urn
      893 words
    • 295 40 NVOCC FRATA CONTAINER LINES ARE PROUD TO OFFER OUR CONSOUDATIOKS TO A NDER VARETY OF PORTS. PORTS FREQUENCY/NTH ETA SM TRANSIT TME AUCKLAND 3 SAUNGS 12/9 14 DATS BANGKOK 4 SAUN6S 1/9 3 DAYS CALCUTTA 4 SAAJN6S 30/1 5 DAYS CNTTAGONG 4 SAILINGS 31/1 5 DAYS COLOMBO 3 SAUNGS 7/9
      295 words

  • Page 41 Advertisements
    • 811 41 \ET^^companl3^eruan^^^ OE VAPORES "PERUVIAN STATE LINE" ACCEPTMG BREAKBULK/FCL/SOC CARGOES TO/FROM CALLAO, MATARANI, HO* OTHER PERUVIAN PORTS* WITH T/S AT KOBE ON CPV THROUGH BILL OF LADING. Ptnang* f. Kalang Singapora Elh» SHAPLAEVERETT 01/09 Sapt 10/11 Sapt THOMASEVERETT 02/03 Oct 04/05 Oct 01/09 Oct KARABEVERETT 011 "EVERETT ORIENT LINE" JAPAN/BAY OF
      811 words
    • 501 41 r m Ivoy IrrqKhKMWJO B tat B hrc »ri~~| aiSYWcv i2x am* m/io a/is n/io »/i» si/ia BM fiENOVH UK 14/1 ZN HIM 14/11 n/10 27/11 H/ll 11/1* HKUOUH 21* 21/1 BNMBBCA 23/11 1/11 Vll 7/11 1/11 WALOAiUM HI 30/1 ZM MCMCA 23/11 1/U VU 7/11 Vll A<cM«m c«n to
      501 words
    • 602 41 MULTI-MOOE SHUVIHB PTC LTD I MIDDLE-EAST/PERSIAN GULF ACCCmNQ FCL/LCL DUBAI. DAMMAN. SHAKIAH. DOHA MUSCAT. BAHRAIN. ABU DHABI. BANOAR ABBAS. It DO AH FAR EAST ACCEPTING PCL/LCL PENANG. P/KELANG. JAKARTA BANGKOK. HONG KONG. TAIWAN. JAPAN. MANILA. KOREA UK/EUROPE ACCEPTING PCL/LCL LONDON. FELIXSTOWE. LEEDS, TILBURY. ABEROEEN. LE HARVE. HAMBURG. ROTTERDAM, ANTWEP. GOTHENBURG.
      602 words
    • 576 41 "W PERINTIS LINE I 1 ACCEPTING ALL FCL CARGOES BETWEEN SINGAPORE JAKARTA SURABAYA VESSEL VOY SIN JKT SBY PRASETIA 193 A 31/08 03/09 PELOPOR 1003 31/08 03/09 DERAJAT 952 03/09 06/09 PRASETIA 195 A 05/09 08/09 PELOPOR 1004 07/09 10/09 TANTO UTAMA 189 IN PT 02/09 TANTO UTAMA 191 08/09
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    • 361 41 SIN FM EAST 9/9 KEELUNG/KAOHSIUNG 8/9 BANGKOK 6/9 MANILA/CEBU 6/9 JAKARTA/BELAWAN/SURABAYA 7/9 PORT KELANG/PENANG/E. Malaysia 8/9 BUSAN 9/9 TOKYO/YOKO/KOBE/NGO/OSA 4/9 HONG KONG SIN MM 4/9 GUANGZHOU/HUANGPU/SHENZHEN FUZHOU/XIAMEN/SHANTOU DALIAN/SHANGHAJ/XINGANG TIANJIN/QWGDAO/HAIKOU also accepting LCI cargo SjN EMOPt/BK 7/9 LDN/FLX/LVP/SOU 7/9 RDM/HAM/ANT/LE HAVRE/GENOA/OSLO also accepting cargo to Austria/ Hungary/Roumama/Poland/Bulgaria/Czech. SIN USA/CAMP* 6/9 LOS
      361 words

  • Page 42 Advertisements
    • 872 42 BU FIL CONTAINER SERVICE PTE LTD MADRAS CALCUTTA BANGKOK VI Sm/MADWA» VOL OIN/CALCUTTA VIL OIN/OANOKOK SM MM SM SM CAL SM SM KK NOT AVAUMi 30-31/ M 00-00/09 14-15/09 NEXT AVA&ABU JO-Jl/OO *(-10/09 11-17/09 NUT AMIABLE hft 31/01 Jl-31/00 05-00/09 14-14/09 OS-M/09 12-17/09 23 24/09 31/00 03/09 10-11/09 17-19/09 29-20/09
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    • 524 42 Eon term I CONTERM FREIGHT (F.E.) PTE LTD. GUARANTEED WEEKLY CONSOLIDATION FREMANTLE 3 SEPT ALSO ACCEPTMG CARGOES TO:PORT VESSEL ETA NEXT BANGKOK CONTERM P. PROGRESS 3/9 10/9 JAKARTA CONTERM EDEN 3/9 10/9 PENANG CONTERM A BHUM 1/9 1/9 PORT KELANG CONTERM SEROJA 31/1 7/9 EUROPE CONTERM HJ. OAKLANO 3/9 S/9
      524 words
    • 549 42 CLU! coniuw mTEßmonn[\ PLCL/FCL SERVICE FROM H H fift operelee ow 60C tsrmlnslß/offlosß In U.S.A. J I Inß flß\ 'I CUMmimttmoym 56,000tractor*«trucks. V I I 11 flJflfssivosoYor points In USA V UP "SPirm f General Agant* \lK r V^7IMM7/iMK db PENANQ KL: allied-LINK SINGAPORE: /^f^vN m 04-*****2 03-*****55 778 6522(22
      549 words
    • 410 42 1 M 1 MANILA ETA VIGOUR PACIFIC **NB 31/8 VIGOUR SINGAPORE BKB ]_2 BANGKOK 1/9 8/9 BUSAN 3/916/9 HOWGKOWG 3/9 16/9 DURBAN/PT LOUIS 17/9 28/9 KEELUNG 2/9 9/9 U.S.A. 2/9 9/9 J PT. KELAHG 2/8 8/9~ KOBE 1/9 8/9 PIRAEUS 2/9 12/9 OSAKA 4/9 11/9 JAKARTA 3/9 5/9 SURABAYA 3/9
      410 words

  • Page 43 Advertisements
    • 347 43 vQc vQc Oc vO c vQc vQcvQc U VAN OMMEREN CETECO GROUP V > TRANSPORT DIVISION 0 VOTAINER CONSOLIDATION SERVICES: > THE ONLY CONSOLIDATOR WITH WORLDWIDE NETWORK V J Weekly FCL/LCL Services To/From V USA EUROPE FAR EAST > Ballimore:Volainer Consolidation Services Hamburg: Van Ommeren Hamburg GmbH. S'pore Van Ommeren
      347 words
    • 645 43 Nedlloyd MEDITERRANEAN 1992 V Nedlloyd Lines NEDLLOYD SERVES YOU BETTER f HEW ZEAUND/FIJI -J I *r mT fw" S"fc«T« Auckland Fiji(A) Nrtymouth(A) Timani Lytt«lton(B) Dmdn(B) Napier MtCn|ton(C) Tauranga N Rotterdam/9121 30/8 2/9 30/8 30/8 3/9 6/9 20/9 23/10 22/9 23/9 24/9 24/9 25/9 26/9 27/9 N Rosarn/9122 9/9 12/9 10/9
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  • Page 43 Miscellaneous
    • 312 43 TIDES AND WEATHER TODAY'S TIDES (height in metres) HOUR 0000 0100 0200 0300 0400 0500 0600 0700 MOO 0900 ******************** *****600 **********00 2000 2WQ 2200 2300 JR 2.3 2.7 2.7 26 2.1 1.5 10 07 06 06 09 1.5 2.2 2.7 2.8 2.6 2.3 1.7 1.l 0.7 0.5 0.5 06
      312 words

  • Page 44 Advertisements
    • 838 44 CHARTPOINT Every Saturday in Business Times HYUNDAI A MERCHANT MARINE CO. LTD. EASTBOUND FEEDER TO PACIFIC SOUTH-WEST TO PACIFIC WORTH-WEST FEEDER VOY Ml PKE SW UNEHAUL VOY LBH OAK SEA L* HAIR. VOY TCM/SEA PTL NAN HAI 203 Oil 26/08 27/01 29/01 H EXPLORER 42E 23/09 2«/09 21/09 HARBOUR BROGE
      838 words
    • 253 44 PASIR GUDANG/SINGAPORE TWICE WEEKLY SAILINGS (TUEASAT) VESSEL VOV P.GUDANG S'PORE JOSINDO SATU 029$ 30/S 31/8 030S 02/9 03/9 031S 06/9 07/9 032S 09/9 10/9 033$ 13/9 14/9 034S 16/9 17/9 RASIR GUDANG SINGAPORE (07) *****0/*****1 (02)534-0042 m SIN-PASIR GUOANG-SIN CONTAINER SERVICE VESSEL SIN PG SIN SEA ADMIRAL 31/8 31/8 1/9
      253 words
    • 517 44 CHARTPOINT Every Saturday in Business Times l| NC PEN ANG every TUESDAY POR MR I I ft R%LANG every SATURDAY |slllr Freight Management Singapore Penang Port Kelang Phone: *****11 *****8 *****98 Fax: *****59 *****8 *****88 EXPORTTO^^^^ UK/CONTINENT Hwtwi to [»IW|K lata. g Matia iraK S T0« HIM ITMM UN NMi.
      517 words